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interest expense , net was $ 26.4 million , $ 14.6 million , and $ 5.3 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .interest expense includes the amortization of deferred financing costs , bank fees , capital and built-to-suit lease interest and interest expense under the credit and other long term debt facilities .amortization of deferred financing costs was $ 1.2 million , $ 0.8 million , and $ 0.6 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .the company monitors the financial health and stability of its lenders under the credit and other long term debt facilities , however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities .6 .commitments and contingencies obligations under operating leases the company leases warehouse space , office facilities , space for its brand and factory house stores and certain equipment under non-cancelable operating leases .the leases expire at various dates through 2033 , excluding extensions at the company 2019s option , and include provisions for rental adjustments .the table below includes executed lease agreements for brand and factory house stores that the company did not yet occupy as of december 31 , 2016 and does not include contingent rent the company may incur at its stores based on future sales above a specified minimum or payments made for maintenance , insurance and real estate taxes .the following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of december 31 , 2016 as well as significant operating lease agreements entered into during the period after december 31 , 2016 through the date of this report : ( in thousands ) . 2017 | $ 114857
2018 | 127504
2019 | 136040
2020 | 133092
2021 | 122753
2022 and thereafter | 788180
total future minimum lease payments | $ 1422426 included in selling , general and administrative expense was rent expense of $ 109.0 million , $ 83.0 million and $ 59.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively , under non-cancelable operating lease agreements .included in these amounts was contingent rent expense of $ 13.0 million , $ 11.0 million and $ 11.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .sports marketing and other commitments within the normal course of business , the company enters into contractual commitments in order to promote the company 2019s brand and products .these commitments include sponsorship agreements with teams and athletes on the collegiate and professional levels , official supplier agreements , athletic event sponsorships and other marketing commitments .the following is a schedule of the company 2019s future minimum payments under its sponsorship and other marketing agreements as of december 31 .
Question: what is the interest expense in 2016?
Steps: Ask for number 26.4
Answer: 26.4
Question: what about in 2015?
| 14.6 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
interest expense , net was $ 26.4 million , $ 14.6 million , and $ 5.3 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .interest expense includes the amortization of deferred financing costs , bank fees , capital and built-to-suit lease interest and interest expense under the credit and other long term debt facilities .amortization of deferred financing costs was $ 1.2 million , $ 0.8 million , and $ 0.6 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .the company monitors the financial health and stability of its lenders under the credit and other long term debt facilities , however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities .6 .commitments and contingencies obligations under operating leases the company leases warehouse space , office facilities , space for its brand and factory house stores and certain equipment under non-cancelable operating leases .the leases expire at various dates through 2033 , excluding extensions at the company 2019s option , and include provisions for rental adjustments .the table below includes executed lease agreements for brand and factory house stores that the company did not yet occupy as of december 31 , 2016 and does not include contingent rent the company may incur at its stores based on future sales above a specified minimum or payments made for maintenance , insurance and real estate taxes .the following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of december 31 , 2016 as well as significant operating lease agreements entered into during the period after december 31 , 2016 through the date of this report : ( in thousands ) . 2017 | $ 114857
2018 | 127504
2019 | 136040
2020 | 133092
2021 | 122753
2022 and thereafter | 788180
total future minimum lease payments | $ 1422426 included in selling , general and administrative expense was rent expense of $ 109.0 million , $ 83.0 million and $ 59.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively , under non-cancelable operating lease agreements .included in these amounts was contingent rent expense of $ 13.0 million , $ 11.0 million and $ 11.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .sports marketing and other commitments within the normal course of business , the company enters into contractual commitments in order to promote the company 2019s brand and products .these commitments include sponsorship agreements with teams and athletes on the collegiate and professional levels , official supplier agreements , athletic event sponsorships and other marketing commitments .the following is a schedule of the company 2019s future minimum payments under its sponsorship and other marketing agreements as of december 31 .
Question: what is the interest expense in 2016?
Steps: Ask for number 26.4
Answer: 26.4
Question: what about in 2015?
| convfinqa1900 |
interest expense , net was $ 26.4 million , $ 14.6 million , and $ 5.3 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .interest expense includes the amortization of deferred financing costs , bank fees , capital and built-to-suit lease interest and interest expense under the credit and other long term debt facilities .amortization of deferred financing costs was $ 1.2 million , $ 0.8 million , and $ 0.6 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .the company monitors the financial health and stability of its lenders under the credit and other long term debt facilities , however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities .6 .commitments and contingencies obligations under operating leases the company leases warehouse space , office facilities , space for its brand and factory house stores and certain equipment under non-cancelable operating leases .the leases expire at various dates through 2033 , excluding extensions at the company 2019s option , and include provisions for rental adjustments .the table below includes executed lease agreements for brand and factory house stores that the company did not yet occupy as of december 31 , 2016 and does not include contingent rent the company may incur at its stores based on future sales above a specified minimum or payments made for maintenance , insurance and real estate taxes .the following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of december 31 , 2016 as well as significant operating lease agreements entered into during the period after december 31 , 2016 through the date of this report : ( in thousands ) . 2017 | $ 114857
2018 | 127504
2019 | 136040
2020 | 133092
2021 | 122753
2022 and thereafter | 788180
total future minimum lease payments | $ 1422426 included in selling , general and administrative expense was rent expense of $ 109.0 million , $ 83.0 million and $ 59.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively , under non-cancelable operating lease agreements .included in these amounts was contingent rent expense of $ 13.0 million , $ 11.0 million and $ 11.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .sports marketing and other commitments within the normal course of business , the company enters into contractual commitments in order to promote the company 2019s brand and products .these commitments include sponsorship agreements with teams and athletes on the collegiate and professional levels , official supplier agreements , athletic event sponsorships and other marketing commitments .the following is a schedule of the company 2019s future minimum payments under its sponsorship and other marketing agreements as of december 31 .
Question: what is the interest expense in 2016?
Steps: Ask for number 26.4
Answer: 26.4
Question: what about in 2015?
Steps: Ask for number 14.6
Answer: 14.6
Question: what is the net change?
| 11.8 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
interest expense , net was $ 26.4 million , $ 14.6 million , and $ 5.3 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .interest expense includes the amortization of deferred financing costs , bank fees , capital and built-to-suit lease interest and interest expense under the credit and other long term debt facilities .amortization of deferred financing costs was $ 1.2 million , $ 0.8 million , and $ 0.6 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .the company monitors the financial health and stability of its lenders under the credit and other long term debt facilities , however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities .6 .commitments and contingencies obligations under operating leases the company leases warehouse space , office facilities , space for its brand and factory house stores and certain equipment under non-cancelable operating leases .the leases expire at various dates through 2033 , excluding extensions at the company 2019s option , and include provisions for rental adjustments .the table below includes executed lease agreements for brand and factory house stores that the company did not yet occupy as of december 31 , 2016 and does not include contingent rent the company may incur at its stores based on future sales above a specified minimum or payments made for maintenance , insurance and real estate taxes .the following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of december 31 , 2016 as well as significant operating lease agreements entered into during the period after december 31 , 2016 through the date of this report : ( in thousands ) . 2017 | $ 114857
2018 | 127504
2019 | 136040
2020 | 133092
2021 | 122753
2022 and thereafter | 788180
total future minimum lease payments | $ 1422426 included in selling , general and administrative expense was rent expense of $ 109.0 million , $ 83.0 million and $ 59.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively , under non-cancelable operating lease agreements .included in these amounts was contingent rent expense of $ 13.0 million , $ 11.0 million and $ 11.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .sports marketing and other commitments within the normal course of business , the company enters into contractual commitments in order to promote the company 2019s brand and products .these commitments include sponsorship agreements with teams and athletes on the collegiate and professional levels , official supplier agreements , athletic event sponsorships and other marketing commitments .the following is a schedule of the company 2019s future minimum payments under its sponsorship and other marketing agreements as of december 31 .
Question: what is the interest expense in 2016?
Steps: Ask for number 26.4
Answer: 26.4
Question: what about in 2015?
Steps: Ask for number 14.6
Answer: 14.6
Question: what is the net change?
| convfinqa1901 |
interest expense , net was $ 26.4 million , $ 14.6 million , and $ 5.3 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .interest expense includes the amortization of deferred financing costs , bank fees , capital and built-to-suit lease interest and interest expense under the credit and other long term debt facilities .amortization of deferred financing costs was $ 1.2 million , $ 0.8 million , and $ 0.6 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .the company monitors the financial health and stability of its lenders under the credit and other long term debt facilities , however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities .6 .commitments and contingencies obligations under operating leases the company leases warehouse space , office facilities , space for its brand and factory house stores and certain equipment under non-cancelable operating leases .the leases expire at various dates through 2033 , excluding extensions at the company 2019s option , and include provisions for rental adjustments .the table below includes executed lease agreements for brand and factory house stores that the company did not yet occupy as of december 31 , 2016 and does not include contingent rent the company may incur at its stores based on future sales above a specified minimum or payments made for maintenance , insurance and real estate taxes .the following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of december 31 , 2016 as well as significant operating lease agreements entered into during the period after december 31 , 2016 through the date of this report : ( in thousands ) . 2017 | $ 114857
2018 | 127504
2019 | 136040
2020 | 133092
2021 | 122753
2022 and thereafter | 788180
total future minimum lease payments | $ 1422426 included in selling , general and administrative expense was rent expense of $ 109.0 million , $ 83.0 million and $ 59.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively , under non-cancelable operating lease agreements .included in these amounts was contingent rent expense of $ 13.0 million , $ 11.0 million and $ 11.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .sports marketing and other commitments within the normal course of business , the company enters into contractual commitments in order to promote the company 2019s brand and products .these commitments include sponsorship agreements with teams and athletes on the collegiate and professional levels , official supplier agreements , athletic event sponsorships and other marketing commitments .the following is a schedule of the company 2019s future minimum payments under its sponsorship and other marketing agreements as of december 31 .
Question: what is the interest expense in 2016?
Steps: Ask for number 26.4
Answer: 26.4
Question: what about in 2015?
Steps: Ask for number 14.6
Answer: 14.6
Question: what is the net change?
Steps: subtract(26.4, 14.6)
Answer: 11.8
Question: what percentage change does this represent?
| 0.80822 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
interest expense , net was $ 26.4 million , $ 14.6 million , and $ 5.3 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .interest expense includes the amortization of deferred financing costs , bank fees , capital and built-to-suit lease interest and interest expense under the credit and other long term debt facilities .amortization of deferred financing costs was $ 1.2 million , $ 0.8 million , and $ 0.6 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .the company monitors the financial health and stability of its lenders under the credit and other long term debt facilities , however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities .6 .commitments and contingencies obligations under operating leases the company leases warehouse space , office facilities , space for its brand and factory house stores and certain equipment under non-cancelable operating leases .the leases expire at various dates through 2033 , excluding extensions at the company 2019s option , and include provisions for rental adjustments .the table below includes executed lease agreements for brand and factory house stores that the company did not yet occupy as of december 31 , 2016 and does not include contingent rent the company may incur at its stores based on future sales above a specified minimum or payments made for maintenance , insurance and real estate taxes .the following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of december 31 , 2016 as well as significant operating lease agreements entered into during the period after december 31 , 2016 through the date of this report : ( in thousands ) . 2017 | $ 114857
2018 | 127504
2019 | 136040
2020 | 133092
2021 | 122753
2022 and thereafter | 788180
total future minimum lease payments | $ 1422426 included in selling , general and administrative expense was rent expense of $ 109.0 million , $ 83.0 million and $ 59.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively , under non-cancelable operating lease agreements .included in these amounts was contingent rent expense of $ 13.0 million , $ 11.0 million and $ 11.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .sports marketing and other commitments within the normal course of business , the company enters into contractual commitments in order to promote the company 2019s brand and products .these commitments include sponsorship agreements with teams and athletes on the collegiate and professional levels , official supplier agreements , athletic event sponsorships and other marketing commitments .the following is a schedule of the company 2019s future minimum payments under its sponsorship and other marketing agreements as of december 31 .
Question: what is the interest expense in 2016?
Steps: Ask for number 26.4
Answer: 26.4
Question: what about in 2015?
Steps: Ask for number 14.6
Answer: 14.6
Question: what is the net change?
Steps: subtract(26.4, 14.6)
Answer: 11.8
Question: what percentage change does this represent?
| convfinqa1902 |
interest expense , net was $ 26.4 million , $ 14.6 million , and $ 5.3 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .interest expense includes the amortization of deferred financing costs , bank fees , capital and built-to-suit lease interest and interest expense under the credit and other long term debt facilities .amortization of deferred financing costs was $ 1.2 million , $ 0.8 million , and $ 0.6 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .the company monitors the financial health and stability of its lenders under the credit and other long term debt facilities , however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities .6 .commitments and contingencies obligations under operating leases the company leases warehouse space , office facilities , space for its brand and factory house stores and certain equipment under non-cancelable operating leases .the leases expire at various dates through 2033 , excluding extensions at the company 2019s option , and include provisions for rental adjustments .the table below includes executed lease agreements for brand and factory house stores that the company did not yet occupy as of december 31 , 2016 and does not include contingent rent the company may incur at its stores based on future sales above a specified minimum or payments made for maintenance , insurance and real estate taxes .the following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of december 31 , 2016 as well as significant operating lease agreements entered into during the period after december 31 , 2016 through the date of this report : ( in thousands ) . 2017 | $ 114857
2018 | 127504
2019 | 136040
2020 | 133092
2021 | 122753
2022 and thereafter | 788180
total future minimum lease payments | $ 1422426 included in selling , general and administrative expense was rent expense of $ 109.0 million , $ 83.0 million and $ 59.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively , under non-cancelable operating lease agreements .included in these amounts was contingent rent expense of $ 13.0 million , $ 11.0 million and $ 11.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .sports marketing and other commitments within the normal course of business , the company enters into contractual commitments in order to promote the company 2019s brand and products .these commitments include sponsorship agreements with teams and athletes on the collegiate and professional levels , official supplier agreements , athletic event sponsorships and other marketing commitments .the following is a schedule of the company 2019s future minimum payments under its sponsorship and other marketing agreements as of december 31 .
Question: what is the interest expense in 2016?
Steps: Ask for number 26.4
Answer: 26.4
Question: what about in 2015?
Steps: Ask for number 14.6
Answer: 14.6
Question: what is the net change?
Steps: subtract(26.4, 14.6)
Answer: 11.8
Question: what percentage change does this represent?
Steps: divide(#0, 14.6)
Answer: 0.80822
Question: what is the amount of sg&a and interest expense in 2015?
| 83.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
interest expense , net was $ 26.4 million , $ 14.6 million , and $ 5.3 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .interest expense includes the amortization of deferred financing costs , bank fees , capital and built-to-suit lease interest and interest expense under the credit and other long term debt facilities .amortization of deferred financing costs was $ 1.2 million , $ 0.8 million , and $ 0.6 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .the company monitors the financial health and stability of its lenders under the credit and other long term debt facilities , however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities .6 .commitments and contingencies obligations under operating leases the company leases warehouse space , office facilities , space for its brand and factory house stores and certain equipment under non-cancelable operating leases .the leases expire at various dates through 2033 , excluding extensions at the company 2019s option , and include provisions for rental adjustments .the table below includes executed lease agreements for brand and factory house stores that the company did not yet occupy as of december 31 , 2016 and does not include contingent rent the company may incur at its stores based on future sales above a specified minimum or payments made for maintenance , insurance and real estate taxes .the following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of december 31 , 2016 as well as significant operating lease agreements entered into during the period after december 31 , 2016 through the date of this report : ( in thousands ) . 2017 | $ 114857
2018 | 127504
2019 | 136040
2020 | 133092
2021 | 122753
2022 and thereafter | 788180
total future minimum lease payments | $ 1422426 included in selling , general and administrative expense was rent expense of $ 109.0 million , $ 83.0 million and $ 59.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively , under non-cancelable operating lease agreements .included in these amounts was contingent rent expense of $ 13.0 million , $ 11.0 million and $ 11.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .sports marketing and other commitments within the normal course of business , the company enters into contractual commitments in order to promote the company 2019s brand and products .these commitments include sponsorship agreements with teams and athletes on the collegiate and professional levels , official supplier agreements , athletic event sponsorships and other marketing commitments .the following is a schedule of the company 2019s future minimum payments under its sponsorship and other marketing agreements as of december 31 .
Question: what is the interest expense in 2016?
Steps: Ask for number 26.4
Answer: 26.4
Question: what about in 2015?
Steps: Ask for number 14.6
Answer: 14.6
Question: what is the net change?
Steps: subtract(26.4, 14.6)
Answer: 11.8
Question: what percentage change does this represent?
Steps: divide(#0, 14.6)
Answer: 0.80822
Question: what is the amount of sg&a and interest expense in 2015?
| convfinqa1903 |
interest expense , net was $ 26.4 million , $ 14.6 million , and $ 5.3 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .interest expense includes the amortization of deferred financing costs , bank fees , capital and built-to-suit lease interest and interest expense under the credit and other long term debt facilities .amortization of deferred financing costs was $ 1.2 million , $ 0.8 million , and $ 0.6 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .the company monitors the financial health and stability of its lenders under the credit and other long term debt facilities , however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities .6 .commitments and contingencies obligations under operating leases the company leases warehouse space , office facilities , space for its brand and factory house stores and certain equipment under non-cancelable operating leases .the leases expire at various dates through 2033 , excluding extensions at the company 2019s option , and include provisions for rental adjustments .the table below includes executed lease agreements for brand and factory house stores that the company did not yet occupy as of december 31 , 2016 and does not include contingent rent the company may incur at its stores based on future sales above a specified minimum or payments made for maintenance , insurance and real estate taxes .the following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of december 31 , 2016 as well as significant operating lease agreements entered into during the period after december 31 , 2016 through the date of this report : ( in thousands ) . 2017 | $ 114857
2018 | 127504
2019 | 136040
2020 | 133092
2021 | 122753
2022 and thereafter | 788180
total future minimum lease payments | $ 1422426 included in selling , general and administrative expense was rent expense of $ 109.0 million , $ 83.0 million and $ 59.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively , under non-cancelable operating lease agreements .included in these amounts was contingent rent expense of $ 13.0 million , $ 11.0 million and $ 11.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .sports marketing and other commitments within the normal course of business , the company enters into contractual commitments in order to promote the company 2019s brand and products .these commitments include sponsorship agreements with teams and athletes on the collegiate and professional levels , official supplier agreements , athletic event sponsorships and other marketing commitments .the following is a schedule of the company 2019s future minimum payments under its sponsorship and other marketing agreements as of december 31 .
Question: what is the interest expense in 2016?
Steps: Ask for number 26.4
Answer: 26.4
Question: what about in 2015?
Steps: Ask for number 14.6
Answer: 14.6
Question: what is the net change?
Steps: subtract(26.4, 14.6)
Answer: 11.8
Question: what percentage change does this represent?
Steps: divide(#0, 14.6)
Answer: 0.80822
Question: what is the amount of sg&a and interest expense in 2015?
Steps: Ask for number 83.0
Answer: 83.0
Question: what about in 2014?
| 59.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
interest expense , net was $ 26.4 million , $ 14.6 million , and $ 5.3 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .interest expense includes the amortization of deferred financing costs , bank fees , capital and built-to-suit lease interest and interest expense under the credit and other long term debt facilities .amortization of deferred financing costs was $ 1.2 million , $ 0.8 million , and $ 0.6 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .the company monitors the financial health and stability of its lenders under the credit and other long term debt facilities , however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities .6 .commitments and contingencies obligations under operating leases the company leases warehouse space , office facilities , space for its brand and factory house stores and certain equipment under non-cancelable operating leases .the leases expire at various dates through 2033 , excluding extensions at the company 2019s option , and include provisions for rental adjustments .the table below includes executed lease agreements for brand and factory house stores that the company did not yet occupy as of december 31 , 2016 and does not include contingent rent the company may incur at its stores based on future sales above a specified minimum or payments made for maintenance , insurance and real estate taxes .the following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of december 31 , 2016 as well as significant operating lease agreements entered into during the period after december 31 , 2016 through the date of this report : ( in thousands ) . 2017 | $ 114857
2018 | 127504
2019 | 136040
2020 | 133092
2021 | 122753
2022 and thereafter | 788180
total future minimum lease payments | $ 1422426 included in selling , general and administrative expense was rent expense of $ 109.0 million , $ 83.0 million and $ 59.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively , under non-cancelable operating lease agreements .included in these amounts was contingent rent expense of $ 13.0 million , $ 11.0 million and $ 11.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .sports marketing and other commitments within the normal course of business , the company enters into contractual commitments in order to promote the company 2019s brand and products .these commitments include sponsorship agreements with teams and athletes on the collegiate and professional levels , official supplier agreements , athletic event sponsorships and other marketing commitments .the following is a schedule of the company 2019s future minimum payments under its sponsorship and other marketing agreements as of december 31 .
Question: what is the interest expense in 2016?
Steps: Ask for number 26.4
Answer: 26.4
Question: what about in 2015?
Steps: Ask for number 14.6
Answer: 14.6
Question: what is the net change?
Steps: subtract(26.4, 14.6)
Answer: 11.8
Question: what percentage change does this represent?
Steps: divide(#0, 14.6)
Answer: 0.80822
Question: what is the amount of sg&a and interest expense in 2015?
Steps: Ask for number 83.0
Answer: 83.0
Question: what about in 2014?
| convfinqa1904 |
interest expense , net was $ 26.4 million , $ 14.6 million , and $ 5.3 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .interest expense includes the amortization of deferred financing costs , bank fees , capital and built-to-suit lease interest and interest expense under the credit and other long term debt facilities .amortization of deferred financing costs was $ 1.2 million , $ 0.8 million , and $ 0.6 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .the company monitors the financial health and stability of its lenders under the credit and other long term debt facilities , however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities .6 .commitments and contingencies obligations under operating leases the company leases warehouse space , office facilities , space for its brand and factory house stores and certain equipment under non-cancelable operating leases .the leases expire at various dates through 2033 , excluding extensions at the company 2019s option , and include provisions for rental adjustments .the table below includes executed lease agreements for brand and factory house stores that the company did not yet occupy as of december 31 , 2016 and does not include contingent rent the company may incur at its stores based on future sales above a specified minimum or payments made for maintenance , insurance and real estate taxes .the following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of december 31 , 2016 as well as significant operating lease agreements entered into during the period after december 31 , 2016 through the date of this report : ( in thousands ) . 2017 | $ 114857
2018 | 127504
2019 | 136040
2020 | 133092
2021 | 122753
2022 and thereafter | 788180
total future minimum lease payments | $ 1422426 included in selling , general and administrative expense was rent expense of $ 109.0 million , $ 83.0 million and $ 59.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively , under non-cancelable operating lease agreements .included in these amounts was contingent rent expense of $ 13.0 million , $ 11.0 million and $ 11.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .sports marketing and other commitments within the normal course of business , the company enters into contractual commitments in order to promote the company 2019s brand and products .these commitments include sponsorship agreements with teams and athletes on the collegiate and professional levels , official supplier agreements , athletic event sponsorships and other marketing commitments .the following is a schedule of the company 2019s future minimum payments under its sponsorship and other marketing agreements as of december 31 .
Question: what is the interest expense in 2016?
Steps: Ask for number 26.4
Answer: 26.4
Question: what about in 2015?
Steps: Ask for number 14.6
Answer: 14.6
Question: what is the net change?
Steps: subtract(26.4, 14.6)
Answer: 11.8
Question: what percentage change does this represent?
Steps: divide(#0, 14.6)
Answer: 0.80822
Question: what is the amount of sg&a and interest expense in 2015?
Steps: Ask for number 83.0
Answer: 83.0
Question: what about in 2014?
Steps: Ask for number 59.0
Answer: 59.0
Question: what is the net change in the sg&a
| 24.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
interest expense , net was $ 26.4 million , $ 14.6 million , and $ 5.3 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .interest expense includes the amortization of deferred financing costs , bank fees , capital and built-to-suit lease interest and interest expense under the credit and other long term debt facilities .amortization of deferred financing costs was $ 1.2 million , $ 0.8 million , and $ 0.6 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .the company monitors the financial health and stability of its lenders under the credit and other long term debt facilities , however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities .6 .commitments and contingencies obligations under operating leases the company leases warehouse space , office facilities , space for its brand and factory house stores and certain equipment under non-cancelable operating leases .the leases expire at various dates through 2033 , excluding extensions at the company 2019s option , and include provisions for rental adjustments .the table below includes executed lease agreements for brand and factory house stores that the company did not yet occupy as of december 31 , 2016 and does not include contingent rent the company may incur at its stores based on future sales above a specified minimum or payments made for maintenance , insurance and real estate taxes .the following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of december 31 , 2016 as well as significant operating lease agreements entered into during the period after december 31 , 2016 through the date of this report : ( in thousands ) . 2017 | $ 114857
2018 | 127504
2019 | 136040
2020 | 133092
2021 | 122753
2022 and thereafter | 788180
total future minimum lease payments | $ 1422426 included in selling , general and administrative expense was rent expense of $ 109.0 million , $ 83.0 million and $ 59.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively , under non-cancelable operating lease agreements .included in these amounts was contingent rent expense of $ 13.0 million , $ 11.0 million and $ 11.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .sports marketing and other commitments within the normal course of business , the company enters into contractual commitments in order to promote the company 2019s brand and products .these commitments include sponsorship agreements with teams and athletes on the collegiate and professional levels , official supplier agreements , athletic event sponsorships and other marketing commitments .the following is a schedule of the company 2019s future minimum payments under its sponsorship and other marketing agreements as of december 31 .
Question: what is the interest expense in 2016?
Steps: Ask for number 26.4
Answer: 26.4
Question: what about in 2015?
Steps: Ask for number 14.6
Answer: 14.6
Question: what is the net change?
Steps: subtract(26.4, 14.6)
Answer: 11.8
Question: what percentage change does this represent?
Steps: divide(#0, 14.6)
Answer: 0.80822
Question: what is the amount of sg&a and interest expense in 2015?
Steps: Ask for number 83.0
Answer: 83.0
Question: what about in 2014?
Steps: Ask for number 59.0
Answer: 59.0
Question: what is the net change in the sg&a
| convfinqa1905 |
interest expense , net was $ 26.4 million , $ 14.6 million , and $ 5.3 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .interest expense includes the amortization of deferred financing costs , bank fees , capital and built-to-suit lease interest and interest expense under the credit and other long term debt facilities .amortization of deferred financing costs was $ 1.2 million , $ 0.8 million , and $ 0.6 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .the company monitors the financial health and stability of its lenders under the credit and other long term debt facilities , however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities .6 .commitments and contingencies obligations under operating leases the company leases warehouse space , office facilities , space for its brand and factory house stores and certain equipment under non-cancelable operating leases .the leases expire at various dates through 2033 , excluding extensions at the company 2019s option , and include provisions for rental adjustments .the table below includes executed lease agreements for brand and factory house stores that the company did not yet occupy as of december 31 , 2016 and does not include contingent rent the company may incur at its stores based on future sales above a specified minimum or payments made for maintenance , insurance and real estate taxes .the following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of december 31 , 2016 as well as significant operating lease agreements entered into during the period after december 31 , 2016 through the date of this report : ( in thousands ) . 2017 | $ 114857
2018 | 127504
2019 | 136040
2020 | 133092
2021 | 122753
2022 and thereafter | 788180
total future minimum lease payments | $ 1422426 included in selling , general and administrative expense was rent expense of $ 109.0 million , $ 83.0 million and $ 59.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively , under non-cancelable operating lease agreements .included in these amounts was contingent rent expense of $ 13.0 million , $ 11.0 million and $ 11.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .sports marketing and other commitments within the normal course of business , the company enters into contractual commitments in order to promote the company 2019s brand and products .these commitments include sponsorship agreements with teams and athletes on the collegiate and professional levels , official supplier agreements , athletic event sponsorships and other marketing commitments .the following is a schedule of the company 2019s future minimum payments under its sponsorship and other marketing agreements as of december 31 .
Question: what is the interest expense in 2016?
Steps: Ask for number 26.4
Answer: 26.4
Question: what about in 2015?
Steps: Ask for number 14.6
Answer: 14.6
Question: what is the net change?
Steps: subtract(26.4, 14.6)
Answer: 11.8
Question: what percentage change does this represent?
Steps: divide(#0, 14.6)
Answer: 0.80822
Question: what is the amount of sg&a and interest expense in 2015?
Steps: Ask for number 83.0
Answer: 83.0
Question: what about in 2014?
Steps: Ask for number 59.0
Answer: 59.0
Question: what is the net change in the sg&a
Steps: subtract(83.0, 59.0)
Answer: 24.0
Question: what percentage change does this represent?
| 0.40678 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
interest expense , net was $ 26.4 million , $ 14.6 million , and $ 5.3 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .interest expense includes the amortization of deferred financing costs , bank fees , capital and built-to-suit lease interest and interest expense under the credit and other long term debt facilities .amortization of deferred financing costs was $ 1.2 million , $ 0.8 million , and $ 0.6 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .the company monitors the financial health and stability of its lenders under the credit and other long term debt facilities , however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities .6 .commitments and contingencies obligations under operating leases the company leases warehouse space , office facilities , space for its brand and factory house stores and certain equipment under non-cancelable operating leases .the leases expire at various dates through 2033 , excluding extensions at the company 2019s option , and include provisions for rental adjustments .the table below includes executed lease agreements for brand and factory house stores that the company did not yet occupy as of december 31 , 2016 and does not include contingent rent the company may incur at its stores based on future sales above a specified minimum or payments made for maintenance , insurance and real estate taxes .the following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of december 31 , 2016 as well as significant operating lease agreements entered into during the period after december 31 , 2016 through the date of this report : ( in thousands ) . 2017 | $ 114857
2018 | 127504
2019 | 136040
2020 | 133092
2021 | 122753
2022 and thereafter | 788180
total future minimum lease payments | $ 1422426 included in selling , general and administrative expense was rent expense of $ 109.0 million , $ 83.0 million and $ 59.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively , under non-cancelable operating lease agreements .included in these amounts was contingent rent expense of $ 13.0 million , $ 11.0 million and $ 11.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .sports marketing and other commitments within the normal course of business , the company enters into contractual commitments in order to promote the company 2019s brand and products .these commitments include sponsorship agreements with teams and athletes on the collegiate and professional levels , official supplier agreements , athletic event sponsorships and other marketing commitments .the following is a schedule of the company 2019s future minimum payments under its sponsorship and other marketing agreements as of december 31 .
Question: what is the interest expense in 2016?
Steps: Ask for number 26.4
Answer: 26.4
Question: what about in 2015?
Steps: Ask for number 14.6
Answer: 14.6
Question: what is the net change?
Steps: subtract(26.4, 14.6)
Answer: 11.8
Question: what percentage change does this represent?
Steps: divide(#0, 14.6)
Answer: 0.80822
Question: what is the amount of sg&a and interest expense in 2015?
Steps: Ask for number 83.0
Answer: 83.0
Question: what about in 2014?
Steps: Ask for number 59.0
Answer: 59.0
Question: what is the net change in the sg&a
Steps: subtract(83.0, 59.0)
Answer: 24.0
Question: what percentage change does this represent?
| convfinqa1906 |
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 . 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 are minimum lease payments for operating leases?
| 2649.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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 . 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 are minimum lease payments for operating leases?
| convfinqa1907 |
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 . 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 are minimum lease payments for operating leases?
Steps: Ask for number 2649
Answer: 2649.0
Question: what are payments for capital leases?
| 1079.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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 . 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 are minimum lease payments for operating leases?
Steps: Ask for number 2649
Answer: 2649.0
Question: what are payments for capital leases?
| convfinqa1908 |
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 . 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 are minimum lease payments for operating leases?
Steps: Ask for number 2649
Answer: 2649.0
Question: what are payments for capital leases?
Steps: Ask for number 1079
Answer: 1079.0
Question: what is the sum?
| 3728.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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 . 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 are minimum lease payments for operating leases?
Steps: Ask for number 2649
Answer: 2649.0
Question: what are payments for capital leases?
Steps: Ask for number 1079
Answer: 1079.0
Question: what is the sum?
| convfinqa1909 |
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 . 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 are minimum lease payments for operating leases?
Steps: Ask for number 2649
Answer: 2649.0
Question: what are payments for capital leases?
Steps: Ask for number 1079
Answer: 1079.0
Question: what is the sum?
Steps: add(2649, 1079)
Answer: 3728.0
Question: what is the value for capital leases?
| 1079.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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 . 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 are minimum lease payments for operating leases?
Steps: Ask for number 2649
Answer: 2649.0
Question: what are payments for capital leases?
Steps: Ask for number 1079
Answer: 1079.0
Question: what is the sum?
Steps: add(2649, 1079)
Answer: 3728.0
Question: what is the value for capital leases?
| convfinqa1910 |
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 . 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 are minimum lease payments for operating leases?
Steps: Ask for number 2649
Answer: 2649.0
Question: what are payments for capital leases?
Steps: Ask for number 1079
Answer: 1079.0
Question: what is the sum?
Steps: add(2649, 1079)
Answer: 3728.0
Question: what is the value for capital leases?
Steps: Ask for number 1079
Answer: 1079.0
Question: what is that over the sum of leases?
| 0.28943 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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 . 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 are minimum lease payments for operating leases?
Steps: Ask for number 2649
Answer: 2649.0
Question: what are payments for capital leases?
Steps: Ask for number 1079
Answer: 1079.0
Question: what is the sum?
Steps: add(2649, 1079)
Answer: 3728.0
Question: what is the value for capital leases?
Steps: Ask for number 1079
Answer: 1079.0
Question: what is that over the sum of leases?
| convfinqa1911 |
third-party sales for this segment increased 4% ( 4 % ) in 2014 compared with 2013 , primarily due to higher volumes and the acquisition of firth rixson ( $ 81 2014see above ) .the higher volumes were mostly related to the aerospace ( commercial ) and commercial transportation end markets , somewhat offset by lower volumes in the industrial gas turbine end market .atoi for the engineered products and solutions segment increased $ 16 in 2015 compared with 2014 , principally the result of net productivity improvements across most businesses , a positive contribution from inorganic growth , and overall higher volumes in this segment 2019s organic businesses .these positive impacts were partially offset by unfavorable price/product mix , higher costs related to growth projects , and net unfavorable foreign currency movements , primarily related to a weaker euro .atoi for this segment climbed $ 10 in 2014 compared with 2013 , mainly due to net productivity improvements across all businesses and overall higher volumes , partially offset by higher costs , primarily labor , and unfavorable product in 2016 , demand in the commercial aerospace end market is expected to remain strong , driven by significant order backlog .also , third-party sales will include a positive impact due to a full year of sales related to the acquisitions of rti and tital .additionally , net productivity improvements are anticipated while pricing pressure across all markets is expected .transportation and construction solutions . | 2015 | 2014 | 2013
third-party sales | $ 1882 | $ 2021 | $ 1951
atoi | $ 166 | $ 180 | $ 167 this segment represents a portion of alcoa 2019s downstream operations and produces products that are used mostly in the nonresidential building and construction and commercial transportation end markets .such products include integrated aluminum structural systems , architectural extrusions , and forged aluminum commercial vehicle wheels , which are sold directly to customers and through distributors .a small part of this segment also produces aluminum products for the industrial products end market .generally , the sales and costs and expenses of this segment are transacted in the local currency of the respective operations , which are mostly the u.s .dollar , the euro , and the brazilian real .third-party sales for the transportation and construction solutions segment decreased 7% ( 7 % ) in 2015 compared with 2014 , primarily driven by unfavorable foreign currency movements , principally caused by a weaker euro and brazilian real , and lower volume related to the building and construction end market , somewhat offset by higher volume related to the commercial transportation end market .third-party sales for this segment increased 4% ( 4 % ) in 2014 compared with 2013 , mostly the result of higher volume related to the commercial transportation and building and construction end markets , somewhat offset by lower volume in the industrial products and market .atoi for the transportation and construction solutions segment declined $ 14 in 2015 compared with 2014 , mainly due to higher costs , net unfavorable foreign currency movements , primarily related to a weaker euro and brazilian real , and unfavorable price/product mix .these negative impacts were mostly offset by net productivity improvements across all businesses .atoi for this segment improved $ 13 in 2014 compared with 2013 , principally attributable to net productivity improvements across all businesses and overall higher volumes , partially offset by unfavorable product mix and higher costs , primarily labor .in 2016 , the non-residential building and construction end market is expected to improve through growth in north america but will be slightly offset by overall weakness in europe .also , north america build rates in the commercial .
Question: what was the contribution of the acquisition of firth rixson in the third-party sales in 2014?
| 81.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
third-party sales for this segment increased 4% ( 4 % ) in 2014 compared with 2013 , primarily due to higher volumes and the acquisition of firth rixson ( $ 81 2014see above ) .the higher volumes were mostly related to the aerospace ( commercial ) and commercial transportation end markets , somewhat offset by lower volumes in the industrial gas turbine end market .atoi for the engineered products and solutions segment increased $ 16 in 2015 compared with 2014 , principally the result of net productivity improvements across most businesses , a positive contribution from inorganic growth , and overall higher volumes in this segment 2019s organic businesses .these positive impacts were partially offset by unfavorable price/product mix , higher costs related to growth projects , and net unfavorable foreign currency movements , primarily related to a weaker euro .atoi for this segment climbed $ 10 in 2014 compared with 2013 , mainly due to net productivity improvements across all businesses and overall higher volumes , partially offset by higher costs , primarily labor , and unfavorable product in 2016 , demand in the commercial aerospace end market is expected to remain strong , driven by significant order backlog .also , third-party sales will include a positive impact due to a full year of sales related to the acquisitions of rti and tital .additionally , net productivity improvements are anticipated while pricing pressure across all markets is expected .transportation and construction solutions . | 2015 | 2014 | 2013
third-party sales | $ 1882 | $ 2021 | $ 1951
atoi | $ 166 | $ 180 | $ 167 this segment represents a portion of alcoa 2019s downstream operations and produces products that are used mostly in the nonresidential building and construction and commercial transportation end markets .such products include integrated aluminum structural systems , architectural extrusions , and forged aluminum commercial vehicle wheels , which are sold directly to customers and through distributors .a small part of this segment also produces aluminum products for the industrial products end market .generally , the sales and costs and expenses of this segment are transacted in the local currency of the respective operations , which are mostly the u.s .dollar , the euro , and the brazilian real .third-party sales for the transportation and construction solutions segment decreased 7% ( 7 % ) in 2015 compared with 2014 , primarily driven by unfavorable foreign currency movements , principally caused by a weaker euro and brazilian real , and lower volume related to the building and construction end market , somewhat offset by higher volume related to the commercial transportation end market .third-party sales for this segment increased 4% ( 4 % ) in 2014 compared with 2013 , mostly the result of higher volume related to the commercial transportation and building and construction end markets , somewhat offset by lower volume in the industrial products and market .atoi for the transportation and construction solutions segment declined $ 14 in 2015 compared with 2014 , mainly due to higher costs , net unfavorable foreign currency movements , primarily related to a weaker euro and brazilian real , and unfavorable price/product mix .these negative impacts were mostly offset by net productivity improvements across all businesses .atoi for this segment improved $ 13 in 2014 compared with 2013 , principally attributable to net productivity improvements across all businesses and overall higher volumes , partially offset by unfavorable product mix and higher costs , primarily labor .in 2016 , the non-residential building and construction end market is expected to improve through growth in north america but will be slightly offset by overall weakness in europe .also , north america build rates in the commercial .
Question: what was the contribution of the acquisition of firth rixson in the third-party sales in 2014?
| convfinqa1912 |
third-party sales for this segment increased 4% ( 4 % ) in 2014 compared with 2013 , primarily due to higher volumes and the acquisition of firth rixson ( $ 81 2014see above ) .the higher volumes were mostly related to the aerospace ( commercial ) and commercial transportation end markets , somewhat offset by lower volumes in the industrial gas turbine end market .atoi for the engineered products and solutions segment increased $ 16 in 2015 compared with 2014 , principally the result of net productivity improvements across most businesses , a positive contribution from inorganic growth , and overall higher volumes in this segment 2019s organic businesses .these positive impacts were partially offset by unfavorable price/product mix , higher costs related to growth projects , and net unfavorable foreign currency movements , primarily related to a weaker euro .atoi for this segment climbed $ 10 in 2014 compared with 2013 , mainly due to net productivity improvements across all businesses and overall higher volumes , partially offset by higher costs , primarily labor , and unfavorable product in 2016 , demand in the commercial aerospace end market is expected to remain strong , driven by significant order backlog .also , third-party sales will include a positive impact due to a full year of sales related to the acquisitions of rti and tital .additionally , net productivity improvements are anticipated while pricing pressure across all markets is expected .transportation and construction solutions . | 2015 | 2014 | 2013
third-party sales | $ 1882 | $ 2021 | $ 1951
atoi | $ 166 | $ 180 | $ 167 this segment represents a portion of alcoa 2019s downstream operations and produces products that are used mostly in the nonresidential building and construction and commercial transportation end markets .such products include integrated aluminum structural systems , architectural extrusions , and forged aluminum commercial vehicle wheels , which are sold directly to customers and through distributors .a small part of this segment also produces aluminum products for the industrial products end market .generally , the sales and costs and expenses of this segment are transacted in the local currency of the respective operations , which are mostly the u.s .dollar , the euro , and the brazilian real .third-party sales for the transportation and construction solutions segment decreased 7% ( 7 % ) in 2015 compared with 2014 , primarily driven by unfavorable foreign currency movements , principally caused by a weaker euro and brazilian real , and lower volume related to the building and construction end market , somewhat offset by higher volume related to the commercial transportation end market .third-party sales for this segment increased 4% ( 4 % ) in 2014 compared with 2013 , mostly the result of higher volume related to the commercial transportation and building and construction end markets , somewhat offset by lower volume in the industrial products and market .atoi for the transportation and construction solutions segment declined $ 14 in 2015 compared with 2014 , mainly due to higher costs , net unfavorable foreign currency movements , primarily related to a weaker euro and brazilian real , and unfavorable price/product mix .these negative impacts were mostly offset by net productivity improvements across all businesses .atoi for this segment improved $ 13 in 2014 compared with 2013 , principally attributable to net productivity improvements across all businesses and overall higher volumes , partially offset by unfavorable product mix and higher costs , primarily labor .in 2016 , the non-residential building and construction end market is expected to improve through growth in north america but will be slightly offset by overall weakness in europe .also , north america build rates in the commercial .
Question: what was the contribution of the acquisition of firth rixson in the third-party sales in 2014?
Steps: Ask for number 81
Answer: 81.0
Question: and what was the total of those sales?
| 2021.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
third-party sales for this segment increased 4% ( 4 % ) in 2014 compared with 2013 , primarily due to higher volumes and the acquisition of firth rixson ( $ 81 2014see above ) .the higher volumes were mostly related to the aerospace ( commercial ) and commercial transportation end markets , somewhat offset by lower volumes in the industrial gas turbine end market .atoi for the engineered products and solutions segment increased $ 16 in 2015 compared with 2014 , principally the result of net productivity improvements across most businesses , a positive contribution from inorganic growth , and overall higher volumes in this segment 2019s organic businesses .these positive impacts were partially offset by unfavorable price/product mix , higher costs related to growth projects , and net unfavorable foreign currency movements , primarily related to a weaker euro .atoi for this segment climbed $ 10 in 2014 compared with 2013 , mainly due to net productivity improvements across all businesses and overall higher volumes , partially offset by higher costs , primarily labor , and unfavorable product in 2016 , demand in the commercial aerospace end market is expected to remain strong , driven by significant order backlog .also , third-party sales will include a positive impact due to a full year of sales related to the acquisitions of rti and tital .additionally , net productivity improvements are anticipated while pricing pressure across all markets is expected .transportation and construction solutions . | 2015 | 2014 | 2013
third-party sales | $ 1882 | $ 2021 | $ 1951
atoi | $ 166 | $ 180 | $ 167 this segment represents a portion of alcoa 2019s downstream operations and produces products that are used mostly in the nonresidential building and construction and commercial transportation end markets .such products include integrated aluminum structural systems , architectural extrusions , and forged aluminum commercial vehicle wheels , which are sold directly to customers and through distributors .a small part of this segment also produces aluminum products for the industrial products end market .generally , the sales and costs and expenses of this segment are transacted in the local currency of the respective operations , which are mostly the u.s .dollar , the euro , and the brazilian real .third-party sales for the transportation and construction solutions segment decreased 7% ( 7 % ) in 2015 compared with 2014 , primarily driven by unfavorable foreign currency movements , principally caused by a weaker euro and brazilian real , and lower volume related to the building and construction end market , somewhat offset by higher volume related to the commercial transportation end market .third-party sales for this segment increased 4% ( 4 % ) in 2014 compared with 2013 , mostly the result of higher volume related to the commercial transportation and building and construction end markets , somewhat offset by lower volume in the industrial products and market .atoi for the transportation and construction solutions segment declined $ 14 in 2015 compared with 2014 , mainly due to higher costs , net unfavorable foreign currency movements , primarily related to a weaker euro and brazilian real , and unfavorable price/product mix .these negative impacts were mostly offset by net productivity improvements across all businesses .atoi for this segment improved $ 13 in 2014 compared with 2013 , principally attributable to net productivity improvements across all businesses and overall higher volumes , partially offset by unfavorable product mix and higher costs , primarily labor .in 2016 , the non-residential building and construction end market is expected to improve through growth in north america but will be slightly offset by overall weakness in europe .also , north america build rates in the commercial .
Question: what was the contribution of the acquisition of firth rixson in the third-party sales in 2014?
Steps: Ask for number 81
Answer: 81.0
Question: and what was the total of those sales?
| convfinqa1913 |
third-party sales for this segment increased 4% ( 4 % ) in 2014 compared with 2013 , primarily due to higher volumes and the acquisition of firth rixson ( $ 81 2014see above ) .the higher volumes were mostly related to the aerospace ( commercial ) and commercial transportation end markets , somewhat offset by lower volumes in the industrial gas turbine end market .atoi for the engineered products and solutions segment increased $ 16 in 2015 compared with 2014 , principally the result of net productivity improvements across most businesses , a positive contribution from inorganic growth , and overall higher volumes in this segment 2019s organic businesses .these positive impacts were partially offset by unfavorable price/product mix , higher costs related to growth projects , and net unfavorable foreign currency movements , primarily related to a weaker euro .atoi for this segment climbed $ 10 in 2014 compared with 2013 , mainly due to net productivity improvements across all businesses and overall higher volumes , partially offset by higher costs , primarily labor , and unfavorable product in 2016 , demand in the commercial aerospace end market is expected to remain strong , driven by significant order backlog .also , third-party sales will include a positive impact due to a full year of sales related to the acquisitions of rti and tital .additionally , net productivity improvements are anticipated while pricing pressure across all markets is expected .transportation and construction solutions . | 2015 | 2014 | 2013
third-party sales | $ 1882 | $ 2021 | $ 1951
atoi | $ 166 | $ 180 | $ 167 this segment represents a portion of alcoa 2019s downstream operations and produces products that are used mostly in the nonresidential building and construction and commercial transportation end markets .such products include integrated aluminum structural systems , architectural extrusions , and forged aluminum commercial vehicle wheels , which are sold directly to customers and through distributors .a small part of this segment also produces aluminum products for the industrial products end market .generally , the sales and costs and expenses of this segment are transacted in the local currency of the respective operations , which are mostly the u.s .dollar , the euro , and the brazilian real .third-party sales for the transportation and construction solutions segment decreased 7% ( 7 % ) in 2015 compared with 2014 , primarily driven by unfavorable foreign currency movements , principally caused by a weaker euro and brazilian real , and lower volume related to the building and construction end market , somewhat offset by higher volume related to the commercial transportation end market .third-party sales for this segment increased 4% ( 4 % ) in 2014 compared with 2013 , mostly the result of higher volume related to the commercial transportation and building and construction end markets , somewhat offset by lower volume in the industrial products and market .atoi for the transportation and construction solutions segment declined $ 14 in 2015 compared with 2014 , mainly due to higher costs , net unfavorable foreign currency movements , primarily related to a weaker euro and brazilian real , and unfavorable price/product mix .these negative impacts were mostly offset by net productivity improvements across all businesses .atoi for this segment improved $ 13 in 2014 compared with 2013 , principally attributable to net productivity improvements across all businesses and overall higher volumes , partially offset by unfavorable product mix and higher costs , primarily labor .in 2016 , the non-residential building and construction end market is expected to improve through growth in north america but will be slightly offset by overall weakness in europe .also , north america build rates in the commercial .
Question: what was the contribution of the acquisition of firth rixson in the third-party sales in 2014?
Steps: Ask for number 81
Answer: 81.0
Question: and what was the total of those sales?
Steps: Ask for number 2021
Answer: 2021.0
Question: how much, then, in percentage, did that contribution represent in relation to this total?
| 0.04008 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
third-party sales for this segment increased 4% ( 4 % ) in 2014 compared with 2013 , primarily due to higher volumes and the acquisition of firth rixson ( $ 81 2014see above ) .the higher volumes were mostly related to the aerospace ( commercial ) and commercial transportation end markets , somewhat offset by lower volumes in the industrial gas turbine end market .atoi for the engineered products and solutions segment increased $ 16 in 2015 compared with 2014 , principally the result of net productivity improvements across most businesses , a positive contribution from inorganic growth , and overall higher volumes in this segment 2019s organic businesses .these positive impacts were partially offset by unfavorable price/product mix , higher costs related to growth projects , and net unfavorable foreign currency movements , primarily related to a weaker euro .atoi for this segment climbed $ 10 in 2014 compared with 2013 , mainly due to net productivity improvements across all businesses and overall higher volumes , partially offset by higher costs , primarily labor , and unfavorable product in 2016 , demand in the commercial aerospace end market is expected to remain strong , driven by significant order backlog .also , third-party sales will include a positive impact due to a full year of sales related to the acquisitions of rti and tital .additionally , net productivity improvements are anticipated while pricing pressure across all markets is expected .transportation and construction solutions . | 2015 | 2014 | 2013
third-party sales | $ 1882 | $ 2021 | $ 1951
atoi | $ 166 | $ 180 | $ 167 this segment represents a portion of alcoa 2019s downstream operations and produces products that are used mostly in the nonresidential building and construction and commercial transportation end markets .such products include integrated aluminum structural systems , architectural extrusions , and forged aluminum commercial vehicle wheels , which are sold directly to customers and through distributors .a small part of this segment also produces aluminum products for the industrial products end market .generally , the sales and costs and expenses of this segment are transacted in the local currency of the respective operations , which are mostly the u.s .dollar , the euro , and the brazilian real .third-party sales for the transportation and construction solutions segment decreased 7% ( 7 % ) in 2015 compared with 2014 , primarily driven by unfavorable foreign currency movements , principally caused by a weaker euro and brazilian real , and lower volume related to the building and construction end market , somewhat offset by higher volume related to the commercial transportation end market .third-party sales for this segment increased 4% ( 4 % ) in 2014 compared with 2013 , mostly the result of higher volume related to the commercial transportation and building and construction end markets , somewhat offset by lower volume in the industrial products and market .atoi for the transportation and construction solutions segment declined $ 14 in 2015 compared with 2014 , mainly due to higher costs , net unfavorable foreign currency movements , primarily related to a weaker euro and brazilian real , and unfavorable price/product mix .these negative impacts were mostly offset by net productivity improvements across all businesses .atoi for this segment improved $ 13 in 2014 compared with 2013 , principally attributable to net productivity improvements across all businesses and overall higher volumes , partially offset by unfavorable product mix and higher costs , primarily labor .in 2016 , the non-residential building and construction end market is expected to improve through growth in north america but will be slightly offset by overall weakness in europe .also , north america build rates in the commercial .
Question: what was the contribution of the acquisition of firth rixson in the third-party sales in 2014?
Steps: Ask for number 81
Answer: 81.0
Question: and what was the total of those sales?
Steps: Ask for number 2021
Answer: 2021.0
Question: how much, then, in percentage, did that contribution represent in relation to this total?
| convfinqa1914 |
third-party sales for this segment increased 4% ( 4 % ) in 2014 compared with 2013 , primarily due to higher volumes and the acquisition of firth rixson ( $ 81 2014see above ) .the higher volumes were mostly related to the aerospace ( commercial ) and commercial transportation end markets , somewhat offset by lower volumes in the industrial gas turbine end market .atoi for the engineered products and solutions segment increased $ 16 in 2015 compared with 2014 , principally the result of net productivity improvements across most businesses , a positive contribution from inorganic growth , and overall higher volumes in this segment 2019s organic businesses .these positive impacts were partially offset by unfavorable price/product mix , higher costs related to growth projects , and net unfavorable foreign currency movements , primarily related to a weaker euro .atoi for this segment climbed $ 10 in 2014 compared with 2013 , mainly due to net productivity improvements across all businesses and overall higher volumes , partially offset by higher costs , primarily labor , and unfavorable product in 2016 , demand in the commercial aerospace end market is expected to remain strong , driven by significant order backlog .also , third-party sales will include a positive impact due to a full year of sales related to the acquisitions of rti and tital .additionally , net productivity improvements are anticipated while pricing pressure across all markets is expected .transportation and construction solutions . | 2015 | 2014 | 2013
third-party sales | $ 1882 | $ 2021 | $ 1951
atoi | $ 166 | $ 180 | $ 167 this segment represents a portion of alcoa 2019s downstream operations and produces products that are used mostly in the nonresidential building and construction and commercial transportation end markets .such products include integrated aluminum structural systems , architectural extrusions , and forged aluminum commercial vehicle wheels , which are sold directly to customers and through distributors .a small part of this segment also produces aluminum products for the industrial products end market .generally , the sales and costs and expenses of this segment are transacted in the local currency of the respective operations , which are mostly the u.s .dollar , the euro , and the brazilian real .third-party sales for the transportation and construction solutions segment decreased 7% ( 7 % ) in 2015 compared with 2014 , primarily driven by unfavorable foreign currency movements , principally caused by a weaker euro and brazilian real , and lower volume related to the building and construction end market , somewhat offset by higher volume related to the commercial transportation end market .third-party sales for this segment increased 4% ( 4 % ) in 2014 compared with 2013 , mostly the result of higher volume related to the commercial transportation and building and construction end markets , somewhat offset by lower volume in the industrial products and market .atoi for the transportation and construction solutions segment declined $ 14 in 2015 compared with 2014 , mainly due to higher costs , net unfavorable foreign currency movements , primarily related to a weaker euro and brazilian real , and unfavorable price/product mix .these negative impacts were mostly offset by net productivity improvements across all businesses .atoi for this segment improved $ 13 in 2014 compared with 2013 , principally attributable to net productivity improvements across all businesses and overall higher volumes , partially offset by unfavorable product mix and higher costs , primarily labor .in 2016 , the non-residential building and construction end market is expected to improve through growth in north america but will be slightly offset by overall weakness in europe .also , north america build rates in the commercial .
Question: what was the contribution of the acquisition of firth rixson in the third-party sales in 2014?
Steps: Ask for number 81
Answer: 81.0
Question: and what was the total of those sales?
Steps: Ask for number 2021
Answer: 2021.0
Question: how much, then, in percentage, did that contribution represent in relation to this total?
Steps: divide(81, 2021)
Answer: 0.04008
Question: and from 2013 to that year, what was the change in the total of net productivity and overall higher volumes concerning the atoi as a portion of that total in 2013?
| 0.07784 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
third-party sales for this segment increased 4% ( 4 % ) in 2014 compared with 2013 , primarily due to higher volumes and the acquisition of firth rixson ( $ 81 2014see above ) .the higher volumes were mostly related to the aerospace ( commercial ) and commercial transportation end markets , somewhat offset by lower volumes in the industrial gas turbine end market .atoi for the engineered products and solutions segment increased $ 16 in 2015 compared with 2014 , principally the result of net productivity improvements across most businesses , a positive contribution from inorganic growth , and overall higher volumes in this segment 2019s organic businesses .these positive impacts were partially offset by unfavorable price/product mix , higher costs related to growth projects , and net unfavorable foreign currency movements , primarily related to a weaker euro .atoi for this segment climbed $ 10 in 2014 compared with 2013 , mainly due to net productivity improvements across all businesses and overall higher volumes , partially offset by higher costs , primarily labor , and unfavorable product in 2016 , demand in the commercial aerospace end market is expected to remain strong , driven by significant order backlog .also , third-party sales will include a positive impact due to a full year of sales related to the acquisitions of rti and tital .additionally , net productivity improvements are anticipated while pricing pressure across all markets is expected .transportation and construction solutions . | 2015 | 2014 | 2013
third-party sales | $ 1882 | $ 2021 | $ 1951
atoi | $ 166 | $ 180 | $ 167 this segment represents a portion of alcoa 2019s downstream operations and produces products that are used mostly in the nonresidential building and construction and commercial transportation end markets .such products include integrated aluminum structural systems , architectural extrusions , and forged aluminum commercial vehicle wheels , which are sold directly to customers and through distributors .a small part of this segment also produces aluminum products for the industrial products end market .generally , the sales and costs and expenses of this segment are transacted in the local currency of the respective operations , which are mostly the u.s .dollar , the euro , and the brazilian real .third-party sales for the transportation and construction solutions segment decreased 7% ( 7 % ) in 2015 compared with 2014 , primarily driven by unfavorable foreign currency movements , principally caused by a weaker euro and brazilian real , and lower volume related to the building and construction end market , somewhat offset by higher volume related to the commercial transportation end market .third-party sales for this segment increased 4% ( 4 % ) in 2014 compared with 2013 , mostly the result of higher volume related to the commercial transportation and building and construction end markets , somewhat offset by lower volume in the industrial products and market .atoi for the transportation and construction solutions segment declined $ 14 in 2015 compared with 2014 , mainly due to higher costs , net unfavorable foreign currency movements , primarily related to a weaker euro and brazilian real , and unfavorable price/product mix .these negative impacts were mostly offset by net productivity improvements across all businesses .atoi for this segment improved $ 13 in 2014 compared with 2013 , principally attributable to net productivity improvements across all businesses and overall higher volumes , partially offset by unfavorable product mix and higher costs , primarily labor .in 2016 , the non-residential building and construction end market is expected to improve through growth in north america but will be slightly offset by overall weakness in europe .also , north america build rates in the commercial .
Question: what was the contribution of the acquisition of firth rixson in the third-party sales in 2014?
Steps: Ask for number 81
Answer: 81.0
Question: and what was the total of those sales?
Steps: Ask for number 2021
Answer: 2021.0
Question: how much, then, in percentage, did that contribution represent in relation to this total?
Steps: divide(81, 2021)
Answer: 0.04008
Question: and from 2013 to that year, what was the change in the total of net productivity and overall higher volumes concerning the atoi as a portion of that total in 2013?
| convfinqa1915 |
third-party sales for this segment increased 4% ( 4 % ) in 2014 compared with 2013 , primarily due to higher volumes and the acquisition of firth rixson ( $ 81 2014see above ) .the higher volumes were mostly related to the aerospace ( commercial ) and commercial transportation end markets , somewhat offset by lower volumes in the industrial gas turbine end market .atoi for the engineered products and solutions segment increased $ 16 in 2015 compared with 2014 , principally the result of net productivity improvements across most businesses , a positive contribution from inorganic growth , and overall higher volumes in this segment 2019s organic businesses .these positive impacts were partially offset by unfavorable price/product mix , higher costs related to growth projects , and net unfavorable foreign currency movements , primarily related to a weaker euro .atoi for this segment climbed $ 10 in 2014 compared with 2013 , mainly due to net productivity improvements across all businesses and overall higher volumes , partially offset by higher costs , primarily labor , and unfavorable product in 2016 , demand in the commercial aerospace end market is expected to remain strong , driven by significant order backlog .also , third-party sales will include a positive impact due to a full year of sales related to the acquisitions of rti and tital .additionally , net productivity improvements are anticipated while pricing pressure across all markets is expected .transportation and construction solutions . | 2015 | 2014 | 2013
third-party sales | $ 1882 | $ 2021 | $ 1951
atoi | $ 166 | $ 180 | $ 167 this segment represents a portion of alcoa 2019s downstream operations and produces products that are used mostly in the nonresidential building and construction and commercial transportation end markets .such products include integrated aluminum structural systems , architectural extrusions , and forged aluminum commercial vehicle wheels , which are sold directly to customers and through distributors .a small part of this segment also produces aluminum products for the industrial products end market .generally , the sales and costs and expenses of this segment are transacted in the local currency of the respective operations , which are mostly the u.s .dollar , the euro , and the brazilian real .third-party sales for the transportation and construction solutions segment decreased 7% ( 7 % ) in 2015 compared with 2014 , primarily driven by unfavorable foreign currency movements , principally caused by a weaker euro and brazilian real , and lower volume related to the building and construction end market , somewhat offset by higher volume related to the commercial transportation end market .third-party sales for this segment increased 4% ( 4 % ) in 2014 compared with 2013 , mostly the result of higher volume related to the commercial transportation and building and construction end markets , somewhat offset by lower volume in the industrial products and market .atoi for the transportation and construction solutions segment declined $ 14 in 2015 compared with 2014 , mainly due to higher costs , net unfavorable foreign currency movements , primarily related to a weaker euro and brazilian real , and unfavorable price/product mix .these negative impacts were mostly offset by net productivity improvements across all businesses .atoi for this segment improved $ 13 in 2014 compared with 2013 , principally attributable to net productivity improvements across all businesses and overall higher volumes , partially offset by unfavorable product mix and higher costs , primarily labor .in 2016 , the non-residential building and construction end market is expected to improve through growth in north america but will be slightly offset by overall weakness in europe .also , north america build rates in the commercial .
Question: what was the contribution of the acquisition of firth rixson in the third-party sales in 2014?
Steps: Ask for number 81
Answer: 81.0
Question: and what was the total of those sales?
Steps: Ask for number 2021
Answer: 2021.0
Question: how much, then, in percentage, did that contribution represent in relation to this total?
Steps: divide(81, 2021)
Answer: 0.04008
Question: and from 2013 to that year, what was the change in the total of net productivity and overall higher volumes concerning the atoi as a portion of that total in 2013?
Steps: divide(13, 167)
Answer: 0.07784
Question: how much is that in percentage?
| 7.78443 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
third-party sales for this segment increased 4% ( 4 % ) in 2014 compared with 2013 , primarily due to higher volumes and the acquisition of firth rixson ( $ 81 2014see above ) .the higher volumes were mostly related to the aerospace ( commercial ) and commercial transportation end markets , somewhat offset by lower volumes in the industrial gas turbine end market .atoi for the engineered products and solutions segment increased $ 16 in 2015 compared with 2014 , principally the result of net productivity improvements across most businesses , a positive contribution from inorganic growth , and overall higher volumes in this segment 2019s organic businesses .these positive impacts were partially offset by unfavorable price/product mix , higher costs related to growth projects , and net unfavorable foreign currency movements , primarily related to a weaker euro .atoi for this segment climbed $ 10 in 2014 compared with 2013 , mainly due to net productivity improvements across all businesses and overall higher volumes , partially offset by higher costs , primarily labor , and unfavorable product in 2016 , demand in the commercial aerospace end market is expected to remain strong , driven by significant order backlog .also , third-party sales will include a positive impact due to a full year of sales related to the acquisitions of rti and tital .additionally , net productivity improvements are anticipated while pricing pressure across all markets is expected .transportation and construction solutions . | 2015 | 2014 | 2013
third-party sales | $ 1882 | $ 2021 | $ 1951
atoi | $ 166 | $ 180 | $ 167 this segment represents a portion of alcoa 2019s downstream operations and produces products that are used mostly in the nonresidential building and construction and commercial transportation end markets .such products include integrated aluminum structural systems , architectural extrusions , and forged aluminum commercial vehicle wheels , which are sold directly to customers and through distributors .a small part of this segment also produces aluminum products for the industrial products end market .generally , the sales and costs and expenses of this segment are transacted in the local currency of the respective operations , which are mostly the u.s .dollar , the euro , and the brazilian real .third-party sales for the transportation and construction solutions segment decreased 7% ( 7 % ) in 2015 compared with 2014 , primarily driven by unfavorable foreign currency movements , principally caused by a weaker euro and brazilian real , and lower volume related to the building and construction end market , somewhat offset by higher volume related to the commercial transportation end market .third-party sales for this segment increased 4% ( 4 % ) in 2014 compared with 2013 , mostly the result of higher volume related to the commercial transportation and building and construction end markets , somewhat offset by lower volume in the industrial products and market .atoi for the transportation and construction solutions segment declined $ 14 in 2015 compared with 2014 , mainly due to higher costs , net unfavorable foreign currency movements , primarily related to a weaker euro and brazilian real , and unfavorable price/product mix .these negative impacts were mostly offset by net productivity improvements across all businesses .atoi for this segment improved $ 13 in 2014 compared with 2013 , principally attributable to net productivity improvements across all businesses and overall higher volumes , partially offset by unfavorable product mix and higher costs , primarily labor .in 2016 , the non-residential building and construction end market is expected to improve through growth in north america but will be slightly offset by overall weakness in europe .also , north america build rates in the commercial .
Question: what was the contribution of the acquisition of firth rixson in the third-party sales in 2014?
Steps: Ask for number 81
Answer: 81.0
Question: and what was the total of those sales?
Steps: Ask for number 2021
Answer: 2021.0
Question: how much, then, in percentage, did that contribution represent in relation to this total?
Steps: divide(81, 2021)
Answer: 0.04008
Question: and from 2013 to that year, what was the change in the total of net productivity and overall higher volumes concerning the atoi as a portion of that total in 2013?
Steps: divide(13, 167)
Answer: 0.07784
Question: how much is that in percentage?
| convfinqa1916 |
table of contents the following performance graph is not 201csoliciting material , 201d is not deemed filed with the sec , and is not to be incorporated by reference into any of valero 2019s filings under the securities act of 1933 or the securities exchange act of 1934 , as amended , respectively .this performance graph and the related textual information are based on historical data and are not indicative of future performance .the following line graph compares the cumulative total return 1 on an investment in our common stock against the cumulative total return of the s&p 500 composite index and an index of peer companies ( that we selected ) for the five-year period commencing december 31 , 2008 and ending december 31 , 2013 .our peer group comprises the following 11 companies : alon usa energy , inc. ; bp plc ; cvr energy , inc. ; delek us holdings , inc .( dk ) ; hollyfrontier corporation ; marathon petroleum corporation ; pbf energy inc .( pbf ) ; phillips 66 ; royal dutch shell plc ; tesoro corporation ; and western refining , inc .our peer group previously included hess corporation , but it has exited the refining business , and was replaced in our peer group by dk and pbf who are also engaged in refining operations .comparison of 5 year cumulative total return1 among valero energy corporation , the s&p 500 index , old peer group , and new peer group . | 12/2008 | 12/2009 | 12/2010 | 12/2011 | 12/2012 | 12/2013
valero common stock | $ 100.00 | $ 79.77 | $ 111.31 | $ 102.57 | $ 170.45 | $ 281.24
s&p 500 | 100.00 | 126.46 | 145.51 | 148.59 | 172.37 | 228.19
old peer group | 100.00 | 126.98 | 122.17 | 127.90 | 138.09 | 170.45
new peer group | 100.00 | 127.95 | 120.42 | 129.69 | 136.92 | 166.57 ____________ 1 assumes that an investment in valero common stock and each index was $ 100 on december 31 , 2008 .201ccumulative total return 201d is based on share price appreciation plus reinvestment of dividends from december 31 , 2008 through december 31 , 2013. .
Question: what is the value of an investment in valero common stock in 2010?
| 111.31 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
table of contents the following performance graph is not 201csoliciting material , 201d is not deemed filed with the sec , and is not to be incorporated by reference into any of valero 2019s filings under the securities act of 1933 or the securities exchange act of 1934 , as amended , respectively .this performance graph and the related textual information are based on historical data and are not indicative of future performance .the following line graph compares the cumulative total return 1 on an investment in our common stock against the cumulative total return of the s&p 500 composite index and an index of peer companies ( that we selected ) for the five-year period commencing december 31 , 2008 and ending december 31 , 2013 .our peer group comprises the following 11 companies : alon usa energy , inc. ; bp plc ; cvr energy , inc. ; delek us holdings , inc .( dk ) ; hollyfrontier corporation ; marathon petroleum corporation ; pbf energy inc .( pbf ) ; phillips 66 ; royal dutch shell plc ; tesoro corporation ; and western refining , inc .our peer group previously included hess corporation , but it has exited the refining business , and was replaced in our peer group by dk and pbf who are also engaged in refining operations .comparison of 5 year cumulative total return1 among valero energy corporation , the s&p 500 index , old peer group , and new peer group . | 12/2008 | 12/2009 | 12/2010 | 12/2011 | 12/2012 | 12/2013
valero common stock | $ 100.00 | $ 79.77 | $ 111.31 | $ 102.57 | $ 170.45 | $ 281.24
s&p 500 | 100.00 | 126.46 | 145.51 | 148.59 | 172.37 | 228.19
old peer group | 100.00 | 126.98 | 122.17 | 127.90 | 138.09 | 170.45
new peer group | 100.00 | 127.95 | 120.42 | 129.69 | 136.92 | 166.57 ____________ 1 assumes that an investment in valero common stock and each index was $ 100 on december 31 , 2008 .201ccumulative total return 201d is based on share price appreciation plus reinvestment of dividends from december 31 , 2008 through december 31 , 2013. .
Question: what is the value of an investment in valero common stock in 2010?
| convfinqa1917 |
table of contents the following performance graph is not 201csoliciting material , 201d is not deemed filed with the sec , and is not to be incorporated by reference into any of valero 2019s filings under the securities act of 1933 or the securities exchange act of 1934 , as amended , respectively .this performance graph and the related textual information are based on historical data and are not indicative of future performance .the following line graph compares the cumulative total return 1 on an investment in our common stock against the cumulative total return of the s&p 500 composite index and an index of peer companies ( that we selected ) for the five-year period commencing december 31 , 2008 and ending december 31 , 2013 .our peer group comprises the following 11 companies : alon usa energy , inc. ; bp plc ; cvr energy , inc. ; delek us holdings , inc .( dk ) ; hollyfrontier corporation ; marathon petroleum corporation ; pbf energy inc .( pbf ) ; phillips 66 ; royal dutch shell plc ; tesoro corporation ; and western refining , inc .our peer group previously included hess corporation , but it has exited the refining business , and was replaced in our peer group by dk and pbf who are also engaged in refining operations .comparison of 5 year cumulative total return1 among valero energy corporation , the s&p 500 index , old peer group , and new peer group . | 12/2008 | 12/2009 | 12/2010 | 12/2011 | 12/2012 | 12/2013
valero common stock | $ 100.00 | $ 79.77 | $ 111.31 | $ 102.57 | $ 170.45 | $ 281.24
s&p 500 | 100.00 | 126.46 | 145.51 | 148.59 | 172.37 | 228.19
old peer group | 100.00 | 126.98 | 122.17 | 127.90 | 138.09 | 170.45
new peer group | 100.00 | 127.95 | 120.42 | 129.69 | 136.92 | 166.57 ____________ 1 assumes that an investment in valero common stock and each index was $ 100 on december 31 , 2008 .201ccumulative total return 201d is based on share price appreciation plus reinvestment of dividends from december 31 , 2008 through december 31 , 2013. .
Question: what is the value of an investment in valero common stock in 2010?
Steps: Ask for number 111.31
Answer: 111.31
Question: what about in 2009?
| 79.77 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
table of contents the following performance graph is not 201csoliciting material , 201d is not deemed filed with the sec , and is not to be incorporated by reference into any of valero 2019s filings under the securities act of 1933 or the securities exchange act of 1934 , as amended , respectively .this performance graph and the related textual information are based on historical data and are not indicative of future performance .the following line graph compares the cumulative total return 1 on an investment in our common stock against the cumulative total return of the s&p 500 composite index and an index of peer companies ( that we selected ) for the five-year period commencing december 31 , 2008 and ending december 31 , 2013 .our peer group comprises the following 11 companies : alon usa energy , inc. ; bp plc ; cvr energy , inc. ; delek us holdings , inc .( dk ) ; hollyfrontier corporation ; marathon petroleum corporation ; pbf energy inc .( pbf ) ; phillips 66 ; royal dutch shell plc ; tesoro corporation ; and western refining , inc .our peer group previously included hess corporation , but it has exited the refining business , and was replaced in our peer group by dk and pbf who are also engaged in refining operations .comparison of 5 year cumulative total return1 among valero energy corporation , the s&p 500 index , old peer group , and new peer group . | 12/2008 | 12/2009 | 12/2010 | 12/2011 | 12/2012 | 12/2013
valero common stock | $ 100.00 | $ 79.77 | $ 111.31 | $ 102.57 | $ 170.45 | $ 281.24
s&p 500 | 100.00 | 126.46 | 145.51 | 148.59 | 172.37 | 228.19
old peer group | 100.00 | 126.98 | 122.17 | 127.90 | 138.09 | 170.45
new peer group | 100.00 | 127.95 | 120.42 | 129.69 | 136.92 | 166.57 ____________ 1 assumes that an investment in valero common stock and each index was $ 100 on december 31 , 2008 .201ccumulative total return 201d is based on share price appreciation plus reinvestment of dividends from december 31 , 2008 through december 31 , 2013. .
Question: what is the value of an investment in valero common stock in 2010?
Steps: Ask for number 111.31
Answer: 111.31
Question: what about in 2009?
| convfinqa1918 |
table of contents the following performance graph is not 201csoliciting material , 201d is not deemed filed with the sec , and is not to be incorporated by reference into any of valero 2019s filings under the securities act of 1933 or the securities exchange act of 1934 , as amended , respectively .this performance graph and the related textual information are based on historical data and are not indicative of future performance .the following line graph compares the cumulative total return 1 on an investment in our common stock against the cumulative total return of the s&p 500 composite index and an index of peer companies ( that we selected ) for the five-year period commencing december 31 , 2008 and ending december 31 , 2013 .our peer group comprises the following 11 companies : alon usa energy , inc. ; bp plc ; cvr energy , inc. ; delek us holdings , inc .( dk ) ; hollyfrontier corporation ; marathon petroleum corporation ; pbf energy inc .( pbf ) ; phillips 66 ; royal dutch shell plc ; tesoro corporation ; and western refining , inc .our peer group previously included hess corporation , but it has exited the refining business , and was replaced in our peer group by dk and pbf who are also engaged in refining operations .comparison of 5 year cumulative total return1 among valero energy corporation , the s&p 500 index , old peer group , and new peer group . | 12/2008 | 12/2009 | 12/2010 | 12/2011 | 12/2012 | 12/2013
valero common stock | $ 100.00 | $ 79.77 | $ 111.31 | $ 102.57 | $ 170.45 | $ 281.24
s&p 500 | 100.00 | 126.46 | 145.51 | 148.59 | 172.37 | 228.19
old peer group | 100.00 | 126.98 | 122.17 | 127.90 | 138.09 | 170.45
new peer group | 100.00 | 127.95 | 120.42 | 129.69 | 136.92 | 166.57 ____________ 1 assumes that an investment in valero common stock and each index was $ 100 on december 31 , 2008 .201ccumulative total return 201d is based on share price appreciation plus reinvestment of dividends from december 31 , 2008 through december 31 , 2013. .
Question: what is the value of an investment in valero common stock in 2010?
Steps: Ask for number 111.31
Answer: 111.31
Question: what about in 2009?
Steps: Ask for number 79.77
Answer: 79.77
Question: what is the difference in the value?
| 31.54 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
table of contents the following performance graph is not 201csoliciting material , 201d is not deemed filed with the sec , and is not to be incorporated by reference into any of valero 2019s filings under the securities act of 1933 or the securities exchange act of 1934 , as amended , respectively .this performance graph and the related textual information are based on historical data and are not indicative of future performance .the following line graph compares the cumulative total return 1 on an investment in our common stock against the cumulative total return of the s&p 500 composite index and an index of peer companies ( that we selected ) for the five-year period commencing december 31 , 2008 and ending december 31 , 2013 .our peer group comprises the following 11 companies : alon usa energy , inc. ; bp plc ; cvr energy , inc. ; delek us holdings , inc .( dk ) ; hollyfrontier corporation ; marathon petroleum corporation ; pbf energy inc .( pbf ) ; phillips 66 ; royal dutch shell plc ; tesoro corporation ; and western refining , inc .our peer group previously included hess corporation , but it has exited the refining business , and was replaced in our peer group by dk and pbf who are also engaged in refining operations .comparison of 5 year cumulative total return1 among valero energy corporation , the s&p 500 index , old peer group , and new peer group . | 12/2008 | 12/2009 | 12/2010 | 12/2011 | 12/2012 | 12/2013
valero common stock | $ 100.00 | $ 79.77 | $ 111.31 | $ 102.57 | $ 170.45 | $ 281.24
s&p 500 | 100.00 | 126.46 | 145.51 | 148.59 | 172.37 | 228.19
old peer group | 100.00 | 126.98 | 122.17 | 127.90 | 138.09 | 170.45
new peer group | 100.00 | 127.95 | 120.42 | 129.69 | 136.92 | 166.57 ____________ 1 assumes that an investment in valero common stock and each index was $ 100 on december 31 , 2008 .201ccumulative total return 201d is based on share price appreciation plus reinvestment of dividends from december 31 , 2008 through december 31 , 2013. .
Question: what is the value of an investment in valero common stock in 2010?
Steps: Ask for number 111.31
Answer: 111.31
Question: what about in 2009?
Steps: Ask for number 79.77
Answer: 79.77
Question: what is the difference in the value?
| convfinqa1919 |
table of contents the following performance graph is not 201csoliciting material , 201d is not deemed filed with the sec , and is not to be incorporated by reference into any of valero 2019s filings under the securities act of 1933 or the securities exchange act of 1934 , as amended , respectively .this performance graph and the related textual information are based on historical data and are not indicative of future performance .the following line graph compares the cumulative total return 1 on an investment in our common stock against the cumulative total return of the s&p 500 composite index and an index of peer companies ( that we selected ) for the five-year period commencing december 31 , 2008 and ending december 31 , 2013 .our peer group comprises the following 11 companies : alon usa energy , inc. ; bp plc ; cvr energy , inc. ; delek us holdings , inc .( dk ) ; hollyfrontier corporation ; marathon petroleum corporation ; pbf energy inc .( pbf ) ; phillips 66 ; royal dutch shell plc ; tesoro corporation ; and western refining , inc .our peer group previously included hess corporation , but it has exited the refining business , and was replaced in our peer group by dk and pbf who are also engaged in refining operations .comparison of 5 year cumulative total return1 among valero energy corporation , the s&p 500 index , old peer group , and new peer group . | 12/2008 | 12/2009 | 12/2010 | 12/2011 | 12/2012 | 12/2013
valero common stock | $ 100.00 | $ 79.77 | $ 111.31 | $ 102.57 | $ 170.45 | $ 281.24
s&p 500 | 100.00 | 126.46 | 145.51 | 148.59 | 172.37 | 228.19
old peer group | 100.00 | 126.98 | 122.17 | 127.90 | 138.09 | 170.45
new peer group | 100.00 | 127.95 | 120.42 | 129.69 | 136.92 | 166.57 ____________ 1 assumes that an investment in valero common stock and each index was $ 100 on december 31 , 2008 .201ccumulative total return 201d is based on share price appreciation plus reinvestment of dividends from december 31 , 2008 through december 31 , 2013. .
Question: what is the value of an investment in valero common stock in 2010?
Steps: Ask for number 111.31
Answer: 111.31
Question: what about in 2009?
Steps: Ask for number 79.77
Answer: 79.77
Question: what is the difference in the value?
Steps: subtract(111.31, 79.77)
Answer: 31.54
Question: what is the value of an investment in valero common stock in 2009?
| 79.77 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
table of contents the following performance graph is not 201csoliciting material , 201d is not deemed filed with the sec , and is not to be incorporated by reference into any of valero 2019s filings under the securities act of 1933 or the securities exchange act of 1934 , as amended , respectively .this performance graph and the related textual information are based on historical data and are not indicative of future performance .the following line graph compares the cumulative total return 1 on an investment in our common stock against the cumulative total return of the s&p 500 composite index and an index of peer companies ( that we selected ) for the five-year period commencing december 31 , 2008 and ending december 31 , 2013 .our peer group comprises the following 11 companies : alon usa energy , inc. ; bp plc ; cvr energy , inc. ; delek us holdings , inc .( dk ) ; hollyfrontier corporation ; marathon petroleum corporation ; pbf energy inc .( pbf ) ; phillips 66 ; royal dutch shell plc ; tesoro corporation ; and western refining , inc .our peer group previously included hess corporation , but it has exited the refining business , and was replaced in our peer group by dk and pbf who are also engaged in refining operations .comparison of 5 year cumulative total return1 among valero energy corporation , the s&p 500 index , old peer group , and new peer group . | 12/2008 | 12/2009 | 12/2010 | 12/2011 | 12/2012 | 12/2013
valero common stock | $ 100.00 | $ 79.77 | $ 111.31 | $ 102.57 | $ 170.45 | $ 281.24
s&p 500 | 100.00 | 126.46 | 145.51 | 148.59 | 172.37 | 228.19
old peer group | 100.00 | 126.98 | 122.17 | 127.90 | 138.09 | 170.45
new peer group | 100.00 | 127.95 | 120.42 | 129.69 | 136.92 | 166.57 ____________ 1 assumes that an investment in valero common stock and each index was $ 100 on december 31 , 2008 .201ccumulative total return 201d is based on share price appreciation plus reinvestment of dividends from december 31 , 2008 through december 31 , 2013. .
Question: what is the value of an investment in valero common stock in 2010?
Steps: Ask for number 111.31
Answer: 111.31
Question: what about in 2009?
Steps: Ask for number 79.77
Answer: 79.77
Question: what is the difference in the value?
Steps: subtract(111.31, 79.77)
Answer: 31.54
Question: what is the value of an investment in valero common stock in 2009?
| convfinqa1920 |
table of contents the following performance graph is not 201csoliciting material , 201d is not deemed filed with the sec , and is not to be incorporated by reference into any of valero 2019s filings under the securities act of 1933 or the securities exchange act of 1934 , as amended , respectively .this performance graph and the related textual information are based on historical data and are not indicative of future performance .the following line graph compares the cumulative total return 1 on an investment in our common stock against the cumulative total return of the s&p 500 composite index and an index of peer companies ( that we selected ) for the five-year period commencing december 31 , 2008 and ending december 31 , 2013 .our peer group comprises the following 11 companies : alon usa energy , inc. ; bp plc ; cvr energy , inc. ; delek us holdings , inc .( dk ) ; hollyfrontier corporation ; marathon petroleum corporation ; pbf energy inc .( pbf ) ; phillips 66 ; royal dutch shell plc ; tesoro corporation ; and western refining , inc .our peer group previously included hess corporation , but it has exited the refining business , and was replaced in our peer group by dk and pbf who are also engaged in refining operations .comparison of 5 year cumulative total return1 among valero energy corporation , the s&p 500 index , old peer group , and new peer group . | 12/2008 | 12/2009 | 12/2010 | 12/2011 | 12/2012 | 12/2013
valero common stock | $ 100.00 | $ 79.77 | $ 111.31 | $ 102.57 | $ 170.45 | $ 281.24
s&p 500 | 100.00 | 126.46 | 145.51 | 148.59 | 172.37 | 228.19
old peer group | 100.00 | 126.98 | 122.17 | 127.90 | 138.09 | 170.45
new peer group | 100.00 | 127.95 | 120.42 | 129.69 | 136.92 | 166.57 ____________ 1 assumes that an investment in valero common stock and each index was $ 100 on december 31 , 2008 .201ccumulative total return 201d is based on share price appreciation plus reinvestment of dividends from december 31 , 2008 through december 31 , 2013. .
Question: what is the value of an investment in valero common stock in 2010?
Steps: Ask for number 111.31
Answer: 111.31
Question: what about in 2009?
Steps: Ask for number 79.77
Answer: 79.77
Question: what is the difference in the value?
Steps: subtract(111.31, 79.77)
Answer: 31.54
Question: what is the value of an investment in valero common stock in 2009?
Steps: Ask for number 79.77
Answer: 79.77
Question: what percentage does this represent?
| 0.39539 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
table of contents the following performance graph is not 201csoliciting material , 201d is not deemed filed with the sec , and is not to be incorporated by reference into any of valero 2019s filings under the securities act of 1933 or the securities exchange act of 1934 , as amended , respectively .this performance graph and the related textual information are based on historical data and are not indicative of future performance .the following line graph compares the cumulative total return 1 on an investment in our common stock against the cumulative total return of the s&p 500 composite index and an index of peer companies ( that we selected ) for the five-year period commencing december 31 , 2008 and ending december 31 , 2013 .our peer group comprises the following 11 companies : alon usa energy , inc. ; bp plc ; cvr energy , inc. ; delek us holdings , inc .( dk ) ; hollyfrontier corporation ; marathon petroleum corporation ; pbf energy inc .( pbf ) ; phillips 66 ; royal dutch shell plc ; tesoro corporation ; and western refining , inc .our peer group previously included hess corporation , but it has exited the refining business , and was replaced in our peer group by dk and pbf who are also engaged in refining operations .comparison of 5 year cumulative total return1 among valero energy corporation , the s&p 500 index , old peer group , and new peer group . | 12/2008 | 12/2009 | 12/2010 | 12/2011 | 12/2012 | 12/2013
valero common stock | $ 100.00 | $ 79.77 | $ 111.31 | $ 102.57 | $ 170.45 | $ 281.24
s&p 500 | 100.00 | 126.46 | 145.51 | 148.59 | 172.37 | 228.19
old peer group | 100.00 | 126.98 | 122.17 | 127.90 | 138.09 | 170.45
new peer group | 100.00 | 127.95 | 120.42 | 129.69 | 136.92 | 166.57 ____________ 1 assumes that an investment in valero common stock and each index was $ 100 on december 31 , 2008 .201ccumulative total return 201d is based on share price appreciation plus reinvestment of dividends from december 31 , 2008 through december 31 , 2013. .
Question: what is the value of an investment in valero common stock in 2010?
Steps: Ask for number 111.31
Answer: 111.31
Question: what about in 2009?
Steps: Ask for number 79.77
Answer: 79.77
Question: what is the difference in the value?
Steps: subtract(111.31, 79.77)
Answer: 31.54
Question: what is the value of an investment in valero common stock in 2009?
Steps: Ask for number 79.77
Answer: 79.77
Question: what percentage does this represent?
| convfinqa1921 |
( 1 ) includes shares repurchased through our publicly announced share repurchase program and shares tendered to pay the exercise price and tax withholding on employee stock options .shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing .the following graph shows a five-year comparison of cumulative total shareowners 2019 returns for our class b common stock , the s&p 500 index , and the dow jones transportation average .the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2004 in the s&p 500 index , the dow jones transportation average , and our class b common stock .comparison of five year cumulative total return $ 40.00 $ 60.00 $ 80.00 $ 100.00 $ 120.00 $ 140.00 $ 160.00 2004 20092008200720062005 s&p 500 ups dj transport . | 12/31/04 | 12/31/05 | 12/31/06 | 12/31/07 | 12/31/08 | 12/31/09
united parcel service inc . | $ 100.00 | $ 89.49 | $ 91.06 | $ 87.88 | $ 70.48 | $ 75.95
s&p 500 index | $ 100.00 | $ 104.91 | $ 121.48 | $ 128.15 | $ 80.74 | $ 102.11
dow jones transportation average | $ 100.00 | $ 111.65 | $ 122.61 | $ 124.35 | $ 97.72 | $ 115.88 .
Question: what was the value of ups in 2006?
| 91.06 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
( 1 ) includes shares repurchased through our publicly announced share repurchase program and shares tendered to pay the exercise price and tax withholding on employee stock options .shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing .the following graph shows a five-year comparison of cumulative total shareowners 2019 returns for our class b common stock , the s&p 500 index , and the dow jones transportation average .the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2004 in the s&p 500 index , the dow jones transportation average , and our class b common stock .comparison of five year cumulative total return $ 40.00 $ 60.00 $ 80.00 $ 100.00 $ 120.00 $ 140.00 $ 160.00 2004 20092008200720062005 s&p 500 ups dj transport . | 12/31/04 | 12/31/05 | 12/31/06 | 12/31/07 | 12/31/08 | 12/31/09
united parcel service inc . | $ 100.00 | $ 89.49 | $ 91.06 | $ 87.88 | $ 70.48 | $ 75.95
s&p 500 index | $ 100.00 | $ 104.91 | $ 121.48 | $ 128.15 | $ 80.74 | $ 102.11
dow jones transportation average | $ 100.00 | $ 111.65 | $ 122.61 | $ 124.35 | $ 97.72 | $ 115.88 .
Question: what was the value of ups in 2006?
| convfinqa1922 |
( 1 ) includes shares repurchased through our publicly announced share repurchase program and shares tendered to pay the exercise price and tax withholding on employee stock options .shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing .the following graph shows a five-year comparison of cumulative total shareowners 2019 returns for our class b common stock , the s&p 500 index , and the dow jones transportation average .the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2004 in the s&p 500 index , the dow jones transportation average , and our class b common stock .comparison of five year cumulative total return $ 40.00 $ 60.00 $ 80.00 $ 100.00 $ 120.00 $ 140.00 $ 160.00 2004 20092008200720062005 s&p 500 ups dj transport . | 12/31/04 | 12/31/05 | 12/31/06 | 12/31/07 | 12/31/08 | 12/31/09
united parcel service inc . | $ 100.00 | $ 89.49 | $ 91.06 | $ 87.88 | $ 70.48 | $ 75.95
s&p 500 index | $ 100.00 | $ 104.91 | $ 121.48 | $ 128.15 | $ 80.74 | $ 102.11
dow jones transportation average | $ 100.00 | $ 111.65 | $ 122.61 | $ 124.35 | $ 97.72 | $ 115.88 .
Question: what was the value of ups in 2006?
Steps: Ask for number 91.06
Answer: 91.06
Question: what was the net change in the ups price from 2004 to 2006?
| -8.94 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
( 1 ) includes shares repurchased through our publicly announced share repurchase program and shares tendered to pay the exercise price and tax withholding on employee stock options .shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing .the following graph shows a five-year comparison of cumulative total shareowners 2019 returns for our class b common stock , the s&p 500 index , and the dow jones transportation average .the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2004 in the s&p 500 index , the dow jones transportation average , and our class b common stock .comparison of five year cumulative total return $ 40.00 $ 60.00 $ 80.00 $ 100.00 $ 120.00 $ 140.00 $ 160.00 2004 20092008200720062005 s&p 500 ups dj transport . | 12/31/04 | 12/31/05 | 12/31/06 | 12/31/07 | 12/31/08 | 12/31/09
united parcel service inc . | $ 100.00 | $ 89.49 | $ 91.06 | $ 87.88 | $ 70.48 | $ 75.95
s&p 500 index | $ 100.00 | $ 104.91 | $ 121.48 | $ 128.15 | $ 80.74 | $ 102.11
dow jones transportation average | $ 100.00 | $ 111.65 | $ 122.61 | $ 124.35 | $ 97.72 | $ 115.88 .
Question: what was the value of ups in 2006?
Steps: Ask for number 91.06
Answer: 91.06
Question: what was the net change in the ups price from 2004 to 2006?
| convfinqa1923 |
( 1 ) includes shares repurchased through our publicly announced share repurchase program and shares tendered to pay the exercise price and tax withholding on employee stock options .shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing .the following graph shows a five-year comparison of cumulative total shareowners 2019 returns for our class b common stock , the s&p 500 index , and the dow jones transportation average .the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2004 in the s&p 500 index , the dow jones transportation average , and our class b common stock .comparison of five year cumulative total return $ 40.00 $ 60.00 $ 80.00 $ 100.00 $ 120.00 $ 140.00 $ 160.00 2004 20092008200720062005 s&p 500 ups dj transport . | 12/31/04 | 12/31/05 | 12/31/06 | 12/31/07 | 12/31/08 | 12/31/09
united parcel service inc . | $ 100.00 | $ 89.49 | $ 91.06 | $ 87.88 | $ 70.48 | $ 75.95
s&p 500 index | $ 100.00 | $ 104.91 | $ 121.48 | $ 128.15 | $ 80.74 | $ 102.11
dow jones transportation average | $ 100.00 | $ 111.65 | $ 122.61 | $ 124.35 | $ 97.72 | $ 115.88 .
Question: what was the value of ups in 2006?
Steps: Ask for number 91.06
Answer: 91.06
Question: what was the net change in the ups price from 2004 to 2006?
Steps: subtract(91.06, const_100)
Answer: -8.94
Question: what is the percent change?
| -0.0894 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
( 1 ) includes shares repurchased through our publicly announced share repurchase program and shares tendered to pay the exercise price and tax withholding on employee stock options .shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing .the following graph shows a five-year comparison of cumulative total shareowners 2019 returns for our class b common stock , the s&p 500 index , and the dow jones transportation average .the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2004 in the s&p 500 index , the dow jones transportation average , and our class b common stock .comparison of five year cumulative total return $ 40.00 $ 60.00 $ 80.00 $ 100.00 $ 120.00 $ 140.00 $ 160.00 2004 20092008200720062005 s&p 500 ups dj transport . | 12/31/04 | 12/31/05 | 12/31/06 | 12/31/07 | 12/31/08 | 12/31/09
united parcel service inc . | $ 100.00 | $ 89.49 | $ 91.06 | $ 87.88 | $ 70.48 | $ 75.95
s&p 500 index | $ 100.00 | $ 104.91 | $ 121.48 | $ 128.15 | $ 80.74 | $ 102.11
dow jones transportation average | $ 100.00 | $ 111.65 | $ 122.61 | $ 124.35 | $ 97.72 | $ 115.88 .
Question: what was the value of ups in 2006?
Steps: Ask for number 91.06
Answer: 91.06
Question: what was the net change in the ups price from 2004 to 2006?
Steps: subtract(91.06, const_100)
Answer: -8.94
Question: what is the percent change?
| convfinqa1924 |
entergy mississippi , inc .management 2019s financial discussion and analysis the net wholesale revenue variance is primarily due to entergy mississippi 2019s exit from the system agreement in november 2015 .the reserve equalization revenue variance is primarily due to the absence of reserve equalization revenue as compared to the same period in 2015 resulting from entergy mississippi 2019s exit from the system agreement in november 2015 compared to 2014 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges .following is an analysis of the change in net revenue comparing 2015 to 2014 .amount ( in millions ) . | amount ( in millions )
2014 net revenue | $ 701.2
volume/weather | 8.9
retail electric price | 7.3
net wholesale revenue | -2.7 ( 2.7 )
transmission equalization | -5.4 ( 5.4 )
reserve equalization | -5.5 ( 5.5 )
other | -7.5 ( 7.5 )
2015 net revenue | $ 696.3 the volume/weather variance is primarily due to an increase of 86 gwh , or 1% ( 1 % ) , in billed electricity usage , including the effect of more favorable weather on residential and commercial sales .the retail electric price variance is primarily due to a $ 16 million net annual increase in revenues , effective february 2015 , as a result of the mpsc order in the june 2014 rate case and an increase in revenues collected through the energy efficiency rider , partially offset by a decrease in revenues collected through the storm damage rider .the rate case included the realignment of certain costs from collection in riders to base rates .see note 2 to the financial statements for a discussion of the rate case , the energy efficiency rider , and the storm damage rider .the net wholesale revenue variance is primarily due to a wholesale customer contract termination in october transmission equalization revenue represents amounts received by entergy mississippi from certain other entergy utility operating companies , in accordance with the system agreement , to allocate the costs of collectively planning , constructing , and operating entergy 2019s bulk transmission facilities .the transmission equalization variance is primarily attributable to the realignment , effective february 2015 , of these revenues from the determination of base rates to inclusion in a rider .such revenues had a favorable effect on net revenue in 2014 , but minimal effect in 2015 .entergy mississippi exited the system agreement in november 2015 .see note 2 to the financial statements for a discussion of the system agreement .reserve equalization revenue represents amounts received by entergy mississippi from certain other entergy utility operating companies , in accordance with the system agreement , to allocate the costs of collectively maintaining adequate electric generating capacity across the entergy system .the reserve equalization variance is primarily attributable to the realignment , effective february 2015 , of these revenues from the determination of base rates to inclusion in a rider .such revenues had a favorable effect on net revenue in 2014 , but minimal effect in 2015 .entergy .
Question: what was the net difference in net revenues from 2014 to 2015?
| -4.9 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
entergy mississippi , inc .management 2019s financial discussion and analysis the net wholesale revenue variance is primarily due to entergy mississippi 2019s exit from the system agreement in november 2015 .the reserve equalization revenue variance is primarily due to the absence of reserve equalization revenue as compared to the same period in 2015 resulting from entergy mississippi 2019s exit from the system agreement in november 2015 compared to 2014 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges .following is an analysis of the change in net revenue comparing 2015 to 2014 .amount ( in millions ) . | amount ( in millions )
2014 net revenue | $ 701.2
volume/weather | 8.9
retail electric price | 7.3
net wholesale revenue | -2.7 ( 2.7 )
transmission equalization | -5.4 ( 5.4 )
reserve equalization | -5.5 ( 5.5 )
other | -7.5 ( 7.5 )
2015 net revenue | $ 696.3 the volume/weather variance is primarily due to an increase of 86 gwh , or 1% ( 1 % ) , in billed electricity usage , including the effect of more favorable weather on residential and commercial sales .the retail electric price variance is primarily due to a $ 16 million net annual increase in revenues , effective february 2015 , as a result of the mpsc order in the june 2014 rate case and an increase in revenues collected through the energy efficiency rider , partially offset by a decrease in revenues collected through the storm damage rider .the rate case included the realignment of certain costs from collection in riders to base rates .see note 2 to the financial statements for a discussion of the rate case , the energy efficiency rider , and the storm damage rider .the net wholesale revenue variance is primarily due to a wholesale customer contract termination in october transmission equalization revenue represents amounts received by entergy mississippi from certain other entergy utility operating companies , in accordance with the system agreement , to allocate the costs of collectively planning , constructing , and operating entergy 2019s bulk transmission facilities .the transmission equalization variance is primarily attributable to the realignment , effective february 2015 , of these revenues from the determination of base rates to inclusion in a rider .such revenues had a favorable effect on net revenue in 2014 , but minimal effect in 2015 .entergy mississippi exited the system agreement in november 2015 .see note 2 to the financial statements for a discussion of the system agreement .reserve equalization revenue represents amounts received by entergy mississippi from certain other entergy utility operating companies , in accordance with the system agreement , to allocate the costs of collectively maintaining adequate electric generating capacity across the entergy system .the reserve equalization variance is primarily attributable to the realignment , effective february 2015 , of these revenues from the determination of base rates to inclusion in a rider .such revenues had a favorable effect on net revenue in 2014 , but minimal effect in 2015 .entergy .
Question: what was the net difference in net revenues from 2014 to 2015?
| convfinqa1925 |
entergy mississippi , inc .management 2019s financial discussion and analysis the net wholesale revenue variance is primarily due to entergy mississippi 2019s exit from the system agreement in november 2015 .the reserve equalization revenue variance is primarily due to the absence of reserve equalization revenue as compared to the same period in 2015 resulting from entergy mississippi 2019s exit from the system agreement in november 2015 compared to 2014 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges .following is an analysis of the change in net revenue comparing 2015 to 2014 .amount ( in millions ) . | amount ( in millions )
2014 net revenue | $ 701.2
volume/weather | 8.9
retail electric price | 7.3
net wholesale revenue | -2.7 ( 2.7 )
transmission equalization | -5.4 ( 5.4 )
reserve equalization | -5.5 ( 5.5 )
other | -7.5 ( 7.5 )
2015 net revenue | $ 696.3 the volume/weather variance is primarily due to an increase of 86 gwh , or 1% ( 1 % ) , in billed electricity usage , including the effect of more favorable weather on residential and commercial sales .the retail electric price variance is primarily due to a $ 16 million net annual increase in revenues , effective february 2015 , as a result of the mpsc order in the june 2014 rate case and an increase in revenues collected through the energy efficiency rider , partially offset by a decrease in revenues collected through the storm damage rider .the rate case included the realignment of certain costs from collection in riders to base rates .see note 2 to the financial statements for a discussion of the rate case , the energy efficiency rider , and the storm damage rider .the net wholesale revenue variance is primarily due to a wholesale customer contract termination in october transmission equalization revenue represents amounts received by entergy mississippi from certain other entergy utility operating companies , in accordance with the system agreement , to allocate the costs of collectively planning , constructing , and operating entergy 2019s bulk transmission facilities .the transmission equalization variance is primarily attributable to the realignment , effective february 2015 , of these revenues from the determination of base rates to inclusion in a rider .such revenues had a favorable effect on net revenue in 2014 , but minimal effect in 2015 .entergy mississippi exited the system agreement in november 2015 .see note 2 to the financial statements for a discussion of the system agreement .reserve equalization revenue represents amounts received by entergy mississippi from certain other entergy utility operating companies , in accordance with the system agreement , to allocate the costs of collectively maintaining adequate electric generating capacity across the entergy system .the reserve equalization variance is primarily attributable to the realignment , effective february 2015 , of these revenues from the determination of base rates to inclusion in a rider .such revenues had a favorable effect on net revenue in 2014 , but minimal effect in 2015 .entergy .
Question: what was the net difference in net revenues from 2014 to 2015?
Steps: subtract(696.3, 701.2)
Answer: -4.9
Question: what is the percent change for the year?
| -0.00699 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
entergy mississippi , inc .management 2019s financial discussion and analysis the net wholesale revenue variance is primarily due to entergy mississippi 2019s exit from the system agreement in november 2015 .the reserve equalization revenue variance is primarily due to the absence of reserve equalization revenue as compared to the same period in 2015 resulting from entergy mississippi 2019s exit from the system agreement in november 2015 compared to 2014 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory charges .following is an analysis of the change in net revenue comparing 2015 to 2014 .amount ( in millions ) . | amount ( in millions )
2014 net revenue | $ 701.2
volume/weather | 8.9
retail electric price | 7.3
net wholesale revenue | -2.7 ( 2.7 )
transmission equalization | -5.4 ( 5.4 )
reserve equalization | -5.5 ( 5.5 )
other | -7.5 ( 7.5 )
2015 net revenue | $ 696.3 the volume/weather variance is primarily due to an increase of 86 gwh , or 1% ( 1 % ) , in billed electricity usage , including the effect of more favorable weather on residential and commercial sales .the retail electric price variance is primarily due to a $ 16 million net annual increase in revenues , effective february 2015 , as a result of the mpsc order in the june 2014 rate case and an increase in revenues collected through the energy efficiency rider , partially offset by a decrease in revenues collected through the storm damage rider .the rate case included the realignment of certain costs from collection in riders to base rates .see note 2 to the financial statements for a discussion of the rate case , the energy efficiency rider , and the storm damage rider .the net wholesale revenue variance is primarily due to a wholesale customer contract termination in october transmission equalization revenue represents amounts received by entergy mississippi from certain other entergy utility operating companies , in accordance with the system agreement , to allocate the costs of collectively planning , constructing , and operating entergy 2019s bulk transmission facilities .the transmission equalization variance is primarily attributable to the realignment , effective february 2015 , of these revenues from the determination of base rates to inclusion in a rider .such revenues had a favorable effect on net revenue in 2014 , but minimal effect in 2015 .entergy mississippi exited the system agreement in november 2015 .see note 2 to the financial statements for a discussion of the system agreement .reserve equalization revenue represents amounts received by entergy mississippi from certain other entergy utility operating companies , in accordance with the system agreement , to allocate the costs of collectively maintaining adequate electric generating capacity across the entergy system .the reserve equalization variance is primarily attributable to the realignment , effective february 2015 , of these revenues from the determination of base rates to inclusion in a rider .such revenues had a favorable effect on net revenue in 2014 , but minimal effect in 2015 .entergy .
Question: what was the net difference in net revenues from 2014 to 2015?
Steps: subtract(696.3, 701.2)
Answer: -4.9
Question: what is the percent change for the year?
| convfinqa1926 |
interest expense , net was $ 26.4 million , $ 14.6 million , and $ 5.3 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .interest expense includes the amortization of deferred financing costs , bank fees , capital and built-to-suit lease interest and interest expense under the credit and other long term debt facilities .amortization of deferred financing costs was $ 1.2 million , $ 0.8 million , and $ 0.6 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .the company monitors the financial health and stability of its lenders under the credit and other long term debt facilities , however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities .6 .commitments and contingencies obligations under operating leases the company leases warehouse space , office facilities , space for its brand and factory house stores and certain equipment under non-cancelable operating leases .the leases expire at various dates through 2033 , excluding extensions at the company 2019s option , and include provisions for rental adjustments .the table below includes executed lease agreements for brand and factory house stores that the company did not yet occupy as of december 31 , 2016 and does not include contingent rent the company may incur at its stores based on future sales above a specified minimum or payments made for maintenance , insurance and real estate taxes .the following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of december 31 , 2016 as well as significant operating lease agreements entered into during the period after december 31 , 2016 through the date of this report : ( in thousands ) . 2017 | $ 114857
2018 | 127504
2019 | 136040
2020 | 133092
2021 | 122753
2022 and thereafter | 788180
total future minimum lease payments | $ 1422426 included in selling , general and administrative expense was rent expense of $ 109.0 million , $ 83.0 million and $ 59.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively , under non-cancelable operating lease agreements .included in these amounts was contingent rent expense of $ 13.0 million , $ 11.0 million and $ 11.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .sports marketing and other commitments within the normal course of business , the company enters into contractual commitments in order to promote the company 2019s brand and products .these commitments include sponsorship agreements with teams and athletes on the collegiate and professional levels , official supplier agreements , athletic event sponsorships and other marketing commitments .the following is a schedule of the company 2019s future minimum payments under its sponsorship and other marketing agreements as of december 31 .
Question: what is the change in value of interest expense from 2015 to 2016?
| 11.8 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
interest expense , net was $ 26.4 million , $ 14.6 million , and $ 5.3 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .interest expense includes the amortization of deferred financing costs , bank fees , capital and built-to-suit lease interest and interest expense under the credit and other long term debt facilities .amortization of deferred financing costs was $ 1.2 million , $ 0.8 million , and $ 0.6 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .the company monitors the financial health and stability of its lenders under the credit and other long term debt facilities , however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities .6 .commitments and contingencies obligations under operating leases the company leases warehouse space , office facilities , space for its brand and factory house stores and certain equipment under non-cancelable operating leases .the leases expire at various dates through 2033 , excluding extensions at the company 2019s option , and include provisions for rental adjustments .the table below includes executed lease agreements for brand and factory house stores that the company did not yet occupy as of december 31 , 2016 and does not include contingent rent the company may incur at its stores based on future sales above a specified minimum or payments made for maintenance , insurance and real estate taxes .the following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of december 31 , 2016 as well as significant operating lease agreements entered into during the period after december 31 , 2016 through the date of this report : ( in thousands ) . 2017 | $ 114857
2018 | 127504
2019 | 136040
2020 | 133092
2021 | 122753
2022 and thereafter | 788180
total future minimum lease payments | $ 1422426 included in selling , general and administrative expense was rent expense of $ 109.0 million , $ 83.0 million and $ 59.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively , under non-cancelable operating lease agreements .included in these amounts was contingent rent expense of $ 13.0 million , $ 11.0 million and $ 11.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .sports marketing and other commitments within the normal course of business , the company enters into contractual commitments in order to promote the company 2019s brand and products .these commitments include sponsorship agreements with teams and athletes on the collegiate and professional levels , official supplier agreements , athletic event sponsorships and other marketing commitments .the following is a schedule of the company 2019s future minimum payments under its sponsorship and other marketing agreements as of december 31 .
Question: what is the change in value of interest expense from 2015 to 2016?
| convfinqa1927 |
interest expense , net was $ 26.4 million , $ 14.6 million , and $ 5.3 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .interest expense includes the amortization of deferred financing costs , bank fees , capital and built-to-suit lease interest and interest expense under the credit and other long term debt facilities .amortization of deferred financing costs was $ 1.2 million , $ 0.8 million , and $ 0.6 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .the company monitors the financial health and stability of its lenders under the credit and other long term debt facilities , however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities .6 .commitments and contingencies obligations under operating leases the company leases warehouse space , office facilities , space for its brand and factory house stores and certain equipment under non-cancelable operating leases .the leases expire at various dates through 2033 , excluding extensions at the company 2019s option , and include provisions for rental adjustments .the table below includes executed lease agreements for brand and factory house stores that the company did not yet occupy as of december 31 , 2016 and does not include contingent rent the company may incur at its stores based on future sales above a specified minimum or payments made for maintenance , insurance and real estate taxes .the following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of december 31 , 2016 as well as significant operating lease agreements entered into during the period after december 31 , 2016 through the date of this report : ( in thousands ) . 2017 | $ 114857
2018 | 127504
2019 | 136040
2020 | 133092
2021 | 122753
2022 and thereafter | 788180
total future minimum lease payments | $ 1422426 included in selling , general and administrative expense was rent expense of $ 109.0 million , $ 83.0 million and $ 59.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively , under non-cancelable operating lease agreements .included in these amounts was contingent rent expense of $ 13.0 million , $ 11.0 million and $ 11.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .sports marketing and other commitments within the normal course of business , the company enters into contractual commitments in order to promote the company 2019s brand and products .these commitments include sponsorship agreements with teams and athletes on the collegiate and professional levels , official supplier agreements , athletic event sponsorships and other marketing commitments .the following is a schedule of the company 2019s future minimum payments under its sponsorship and other marketing agreements as of december 31 .
Question: what is the change in value of interest expense from 2015 to 2016?
Steps: subtract(26.4, 14.6)
Answer: 11.8
Question: what was the interest expense value in 2015?
| 14.6 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
interest expense , net was $ 26.4 million , $ 14.6 million , and $ 5.3 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .interest expense includes the amortization of deferred financing costs , bank fees , capital and built-to-suit lease interest and interest expense under the credit and other long term debt facilities .amortization of deferred financing costs was $ 1.2 million , $ 0.8 million , and $ 0.6 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .the company monitors the financial health and stability of its lenders under the credit and other long term debt facilities , however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities .6 .commitments and contingencies obligations under operating leases the company leases warehouse space , office facilities , space for its brand and factory house stores and certain equipment under non-cancelable operating leases .the leases expire at various dates through 2033 , excluding extensions at the company 2019s option , and include provisions for rental adjustments .the table below includes executed lease agreements for brand and factory house stores that the company did not yet occupy as of december 31 , 2016 and does not include contingent rent the company may incur at its stores based on future sales above a specified minimum or payments made for maintenance , insurance and real estate taxes .the following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of december 31 , 2016 as well as significant operating lease agreements entered into during the period after december 31 , 2016 through the date of this report : ( in thousands ) . 2017 | $ 114857
2018 | 127504
2019 | 136040
2020 | 133092
2021 | 122753
2022 and thereafter | 788180
total future minimum lease payments | $ 1422426 included in selling , general and administrative expense was rent expense of $ 109.0 million , $ 83.0 million and $ 59.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively , under non-cancelable operating lease agreements .included in these amounts was contingent rent expense of $ 13.0 million , $ 11.0 million and $ 11.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .sports marketing and other commitments within the normal course of business , the company enters into contractual commitments in order to promote the company 2019s brand and products .these commitments include sponsorship agreements with teams and athletes on the collegiate and professional levels , official supplier agreements , athletic event sponsorships and other marketing commitments .the following is a schedule of the company 2019s future minimum payments under its sponsorship and other marketing agreements as of december 31 .
Question: what is the change in value of interest expense from 2015 to 2016?
Steps: subtract(26.4, 14.6)
Answer: 11.8
Question: what was the interest expense value in 2015?
| convfinqa1928 |
interest expense , net was $ 26.4 million , $ 14.6 million , and $ 5.3 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .interest expense includes the amortization of deferred financing costs , bank fees , capital and built-to-suit lease interest and interest expense under the credit and other long term debt facilities .amortization of deferred financing costs was $ 1.2 million , $ 0.8 million , and $ 0.6 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .the company monitors the financial health and stability of its lenders under the credit and other long term debt facilities , however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities .6 .commitments and contingencies obligations under operating leases the company leases warehouse space , office facilities , space for its brand and factory house stores and certain equipment under non-cancelable operating leases .the leases expire at various dates through 2033 , excluding extensions at the company 2019s option , and include provisions for rental adjustments .the table below includes executed lease agreements for brand and factory house stores that the company did not yet occupy as of december 31 , 2016 and does not include contingent rent the company may incur at its stores based on future sales above a specified minimum or payments made for maintenance , insurance and real estate taxes .the following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of december 31 , 2016 as well as significant operating lease agreements entered into during the period after december 31 , 2016 through the date of this report : ( in thousands ) . 2017 | $ 114857
2018 | 127504
2019 | 136040
2020 | 133092
2021 | 122753
2022 and thereafter | 788180
total future minimum lease payments | $ 1422426 included in selling , general and administrative expense was rent expense of $ 109.0 million , $ 83.0 million and $ 59.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively , under non-cancelable operating lease agreements .included in these amounts was contingent rent expense of $ 13.0 million , $ 11.0 million and $ 11.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .sports marketing and other commitments within the normal course of business , the company enters into contractual commitments in order to promote the company 2019s brand and products .these commitments include sponsorship agreements with teams and athletes on the collegiate and professional levels , official supplier agreements , athletic event sponsorships and other marketing commitments .the following is a schedule of the company 2019s future minimum payments under its sponsorship and other marketing agreements as of december 31 .
Question: what is the change in value of interest expense from 2015 to 2016?
Steps: subtract(26.4, 14.6)
Answer: 11.8
Question: what was the interest expense value in 2015?
Steps: Ask for number 14.6
Answer: 14.6
Question: what was the percent change?
| 0.80822 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
interest expense , net was $ 26.4 million , $ 14.6 million , and $ 5.3 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .interest expense includes the amortization of deferred financing costs , bank fees , capital and built-to-suit lease interest and interest expense under the credit and other long term debt facilities .amortization of deferred financing costs was $ 1.2 million , $ 0.8 million , and $ 0.6 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .the company monitors the financial health and stability of its lenders under the credit and other long term debt facilities , however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities .6 .commitments and contingencies obligations under operating leases the company leases warehouse space , office facilities , space for its brand and factory house stores and certain equipment under non-cancelable operating leases .the leases expire at various dates through 2033 , excluding extensions at the company 2019s option , and include provisions for rental adjustments .the table below includes executed lease agreements for brand and factory house stores that the company did not yet occupy as of december 31 , 2016 and does not include contingent rent the company may incur at its stores based on future sales above a specified minimum or payments made for maintenance , insurance and real estate taxes .the following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of december 31 , 2016 as well as significant operating lease agreements entered into during the period after december 31 , 2016 through the date of this report : ( in thousands ) . 2017 | $ 114857
2018 | 127504
2019 | 136040
2020 | 133092
2021 | 122753
2022 and thereafter | 788180
total future minimum lease payments | $ 1422426 included in selling , general and administrative expense was rent expense of $ 109.0 million , $ 83.0 million and $ 59.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively , under non-cancelable operating lease agreements .included in these amounts was contingent rent expense of $ 13.0 million , $ 11.0 million and $ 11.0 million for the years ended december 31 , 2016 , 2015 and 2014 , respectively .sports marketing and other commitments within the normal course of business , the company enters into contractual commitments in order to promote the company 2019s brand and products .these commitments include sponsorship agreements with teams and athletes on the collegiate and professional levels , official supplier agreements , athletic event sponsorships and other marketing commitments .the following is a schedule of the company 2019s future minimum payments under its sponsorship and other marketing agreements as of december 31 .
Question: what is the change in value of interest expense from 2015 to 2016?
Steps: subtract(26.4, 14.6)
Answer: 11.8
Question: what was the interest expense value in 2015?
Steps: Ask for number 14.6
Answer: 14.6
Question: what was the percent change?
| convfinqa1929 |
30 2018 ppg annual report and 10-k foreign currency translation partially offset by : cost reclassifications associated with the adoption of the new revenue recognition standard .refer to note 2 , "revenue recognition" within part 2 of this form 10-k cost management including restructuring cost savings 2017 vs .2016 selling , general and administrative expenses decreased $ 1 million primarily due to : lower net periodic pension and other postretirement benefit costs lower selling and advertising costs restructuring cost savings partially offset by : wage and other cost inflation selling , general and administrative expenses from acquired businesses foreign currency translation other charges and other income . ( $ in millions except percentages ) | 2018 | % ( % ) change 2017 | % ( % ) change 2016 | % ( % ) change 2018 vs . 2017 | % ( % ) change 2017 vs . 2016
interest expense net of interest income | $ 95 | $ 85 | $ 99 | 11.8% ( 11.8 % ) | ( 14.1 ) % ( % )
business restructuring net | $ 66 | $ 2014 | $ 191 | n/a | ( 100.0 ) % ( % )
pension settlement charges | $ 2014 | $ 60 | $ 968 | ( 100.0 ) % ( % ) | ( 93.8 ) % ( % )
other charges | $ 122 | $ 74 | $ 242 | 64.9% ( 64.9 % ) | ( 69.4 ) % ( % )
other income | ( $ 114 ) | ( $ 150 ) | ( $ 127 ) | ( 24.0 ) % ( % ) | 18.1% ( 18.1 % ) interest expense , net of interest income interest expense , net of interest income increased $ 10 million in 2018 versus 2017 primarily due to the issuance of long- term debt in early 2018 .interest expense , net of interest income decreased $ 14 million in 2017 versus 2016 due to lower interest rate debt outstanding in 2017 .business restructuring , net a pretax restructuring charge of $ 83 million was recorded in the second quarter of 2018 , offset by certain changes in estimates to complete previously recorded programs of $ 17 million .a pretax charge of $ 191 million was recorded in 2016 .refer to note 8 , "business restructuring" in item 8 of this form 10-k for additional information .pension settlement charges during 2017 , ppg made lump-sum payments to certain retirees who had participated in ppg's u.s .qualified and non- qualified pension plans totaling approximately $ 127 million .as the lump-sum payments were in excess of the expected 2017 service and interest costs for the affected plans , ppg remeasured the periodic benefit obligation of these plans in the period payments were made and recorded settlement charges totaling $ 60 million ( $ 38 million after-tax ) during 2017 .during 2016 , ppg permanently transferred approximately $ 1.8 billion of its u.s .and canadian pension obligations and assets to several highly rated insurance companies .these actions triggered remeasurement and partial settlement of certain of the company 2019s defined benefit pension plans .ppg recognized a $ 968 million pre-tax settlement charge in connection with these transactions .refer to note 13 , "employee benefit plans" in item 8 of this form 10-k for additional information .other charges other charges in 2018 and 2016 were higher than 2017 primarily due to environmental remediation charges .these charges were principally for environmental remediation at a former chromium manufacturing plant and associated sites in new jersey .refer to note 14 , "commitments and contingent liabilities" in item 8 of this form 10-k for additional information .other income other income was lower in 2018 and 2016 than in 2017 primarily due to the gain from the sale of the mexican plaka business of $ 25 million and income from a legal settlement of $ 18 million in 2017 .refer to note 3 , "acquisitions and divestitures" in item 8 of this form 10-k for additional information. .
Question: what was the pretax restructuring charge in the second quarter of 2018?
| 83.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
30 2018 ppg annual report and 10-k foreign currency translation partially offset by : cost reclassifications associated with the adoption of the new revenue recognition standard .refer to note 2 , "revenue recognition" within part 2 of this form 10-k cost management including restructuring cost savings 2017 vs .2016 selling , general and administrative expenses decreased $ 1 million primarily due to : lower net periodic pension and other postretirement benefit costs lower selling and advertising costs restructuring cost savings partially offset by : wage and other cost inflation selling , general and administrative expenses from acquired businesses foreign currency translation other charges and other income . ( $ in millions except percentages ) | 2018 | % ( % ) change 2017 | % ( % ) change 2016 | % ( % ) change 2018 vs . 2017 | % ( % ) change 2017 vs . 2016
interest expense net of interest income | $ 95 | $ 85 | $ 99 | 11.8% ( 11.8 % ) | ( 14.1 ) % ( % )
business restructuring net | $ 66 | $ 2014 | $ 191 | n/a | ( 100.0 ) % ( % )
pension settlement charges | $ 2014 | $ 60 | $ 968 | ( 100.0 ) % ( % ) | ( 93.8 ) % ( % )
other charges | $ 122 | $ 74 | $ 242 | 64.9% ( 64.9 % ) | ( 69.4 ) % ( % )
other income | ( $ 114 ) | ( $ 150 ) | ( $ 127 ) | ( 24.0 ) % ( % ) | 18.1% ( 18.1 % ) interest expense , net of interest income interest expense , net of interest income increased $ 10 million in 2018 versus 2017 primarily due to the issuance of long- term debt in early 2018 .interest expense , net of interest income decreased $ 14 million in 2017 versus 2016 due to lower interest rate debt outstanding in 2017 .business restructuring , net a pretax restructuring charge of $ 83 million was recorded in the second quarter of 2018 , offset by certain changes in estimates to complete previously recorded programs of $ 17 million .a pretax charge of $ 191 million was recorded in 2016 .refer to note 8 , "business restructuring" in item 8 of this form 10-k for additional information .pension settlement charges during 2017 , ppg made lump-sum payments to certain retirees who had participated in ppg's u.s .qualified and non- qualified pension plans totaling approximately $ 127 million .as the lump-sum payments were in excess of the expected 2017 service and interest costs for the affected plans , ppg remeasured the periodic benefit obligation of these plans in the period payments were made and recorded settlement charges totaling $ 60 million ( $ 38 million after-tax ) during 2017 .during 2016 , ppg permanently transferred approximately $ 1.8 billion of its u.s .and canadian pension obligations and assets to several highly rated insurance companies .these actions triggered remeasurement and partial settlement of certain of the company 2019s defined benefit pension plans .ppg recognized a $ 968 million pre-tax settlement charge in connection with these transactions .refer to note 13 , "employee benefit plans" in item 8 of this form 10-k for additional information .other charges other charges in 2018 and 2016 were higher than 2017 primarily due to environmental remediation charges .these charges were principally for environmental remediation at a former chromium manufacturing plant and associated sites in new jersey .refer to note 14 , "commitments and contingent liabilities" in item 8 of this form 10-k for additional information .other income other income was lower in 2018 and 2016 than in 2017 primarily due to the gain from the sale of the mexican plaka business of $ 25 million and income from a legal settlement of $ 18 million in 2017 .refer to note 3 , "acquisitions and divestitures" in item 8 of this form 10-k for additional information. .
Question: what was the pretax restructuring charge in the second quarter of 2018?
| convfinqa1930 |
30 2018 ppg annual report and 10-k foreign currency translation partially offset by : cost reclassifications associated with the adoption of the new revenue recognition standard .refer to note 2 , "revenue recognition" within part 2 of this form 10-k cost management including restructuring cost savings 2017 vs .2016 selling , general and administrative expenses decreased $ 1 million primarily due to : lower net periodic pension and other postretirement benefit costs lower selling and advertising costs restructuring cost savings partially offset by : wage and other cost inflation selling , general and administrative expenses from acquired businesses foreign currency translation other charges and other income . ( $ in millions except percentages ) | 2018 | % ( % ) change 2017 | % ( % ) change 2016 | % ( % ) change 2018 vs . 2017 | % ( % ) change 2017 vs . 2016
interest expense net of interest income | $ 95 | $ 85 | $ 99 | 11.8% ( 11.8 % ) | ( 14.1 ) % ( % )
business restructuring net | $ 66 | $ 2014 | $ 191 | n/a | ( 100.0 ) % ( % )
pension settlement charges | $ 2014 | $ 60 | $ 968 | ( 100.0 ) % ( % ) | ( 93.8 ) % ( % )
other charges | $ 122 | $ 74 | $ 242 | 64.9% ( 64.9 % ) | ( 69.4 ) % ( % )
other income | ( $ 114 ) | ( $ 150 ) | ( $ 127 ) | ( 24.0 ) % ( % ) | 18.1% ( 18.1 % ) interest expense , net of interest income interest expense , net of interest income increased $ 10 million in 2018 versus 2017 primarily due to the issuance of long- term debt in early 2018 .interest expense , net of interest income decreased $ 14 million in 2017 versus 2016 due to lower interest rate debt outstanding in 2017 .business restructuring , net a pretax restructuring charge of $ 83 million was recorded in the second quarter of 2018 , offset by certain changes in estimates to complete previously recorded programs of $ 17 million .a pretax charge of $ 191 million was recorded in 2016 .refer to note 8 , "business restructuring" in item 8 of this form 10-k for additional information .pension settlement charges during 2017 , ppg made lump-sum payments to certain retirees who had participated in ppg's u.s .qualified and non- qualified pension plans totaling approximately $ 127 million .as the lump-sum payments were in excess of the expected 2017 service and interest costs for the affected plans , ppg remeasured the periodic benefit obligation of these plans in the period payments were made and recorded settlement charges totaling $ 60 million ( $ 38 million after-tax ) during 2017 .during 2016 , ppg permanently transferred approximately $ 1.8 billion of its u.s .and canadian pension obligations and assets to several highly rated insurance companies .these actions triggered remeasurement and partial settlement of certain of the company 2019s defined benefit pension plans .ppg recognized a $ 968 million pre-tax settlement charge in connection with these transactions .refer to note 13 , "employee benefit plans" in item 8 of this form 10-k for additional information .other charges other charges in 2018 and 2016 were higher than 2017 primarily due to environmental remediation charges .these charges were principally for environmental remediation at a former chromium manufacturing plant and associated sites in new jersey .refer to note 14 , "commitments and contingent liabilities" in item 8 of this form 10-k for additional information .other income other income was lower in 2018 and 2016 than in 2017 primarily due to the gain from the sale of the mexican plaka business of $ 25 million and income from a legal settlement of $ 18 million in 2017 .refer to note 3 , "acquisitions and divestitures" in item 8 of this form 10-k for additional information. .
Question: what was the pretax restructuring charge in the second quarter of 2018?
Steps: Ask for number 83
Answer: 83.0
Question: by what amount was this charge offset?
| 17.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
30 2018 ppg annual report and 10-k foreign currency translation partially offset by : cost reclassifications associated with the adoption of the new revenue recognition standard .refer to note 2 , "revenue recognition" within part 2 of this form 10-k cost management including restructuring cost savings 2017 vs .2016 selling , general and administrative expenses decreased $ 1 million primarily due to : lower net periodic pension and other postretirement benefit costs lower selling and advertising costs restructuring cost savings partially offset by : wage and other cost inflation selling , general and administrative expenses from acquired businesses foreign currency translation other charges and other income . ( $ in millions except percentages ) | 2018 | % ( % ) change 2017 | % ( % ) change 2016 | % ( % ) change 2018 vs . 2017 | % ( % ) change 2017 vs . 2016
interest expense net of interest income | $ 95 | $ 85 | $ 99 | 11.8% ( 11.8 % ) | ( 14.1 ) % ( % )
business restructuring net | $ 66 | $ 2014 | $ 191 | n/a | ( 100.0 ) % ( % )
pension settlement charges | $ 2014 | $ 60 | $ 968 | ( 100.0 ) % ( % ) | ( 93.8 ) % ( % )
other charges | $ 122 | $ 74 | $ 242 | 64.9% ( 64.9 % ) | ( 69.4 ) % ( % )
other income | ( $ 114 ) | ( $ 150 ) | ( $ 127 ) | ( 24.0 ) % ( % ) | 18.1% ( 18.1 % ) interest expense , net of interest income interest expense , net of interest income increased $ 10 million in 2018 versus 2017 primarily due to the issuance of long- term debt in early 2018 .interest expense , net of interest income decreased $ 14 million in 2017 versus 2016 due to lower interest rate debt outstanding in 2017 .business restructuring , net a pretax restructuring charge of $ 83 million was recorded in the second quarter of 2018 , offset by certain changes in estimates to complete previously recorded programs of $ 17 million .a pretax charge of $ 191 million was recorded in 2016 .refer to note 8 , "business restructuring" in item 8 of this form 10-k for additional information .pension settlement charges during 2017 , ppg made lump-sum payments to certain retirees who had participated in ppg's u.s .qualified and non- qualified pension plans totaling approximately $ 127 million .as the lump-sum payments were in excess of the expected 2017 service and interest costs for the affected plans , ppg remeasured the periodic benefit obligation of these plans in the period payments were made and recorded settlement charges totaling $ 60 million ( $ 38 million after-tax ) during 2017 .during 2016 , ppg permanently transferred approximately $ 1.8 billion of its u.s .and canadian pension obligations and assets to several highly rated insurance companies .these actions triggered remeasurement and partial settlement of certain of the company 2019s defined benefit pension plans .ppg recognized a $ 968 million pre-tax settlement charge in connection with these transactions .refer to note 13 , "employee benefit plans" in item 8 of this form 10-k for additional information .other charges other charges in 2018 and 2016 were higher than 2017 primarily due to environmental remediation charges .these charges were principally for environmental remediation at a former chromium manufacturing plant and associated sites in new jersey .refer to note 14 , "commitments and contingent liabilities" in item 8 of this form 10-k for additional information .other income other income was lower in 2018 and 2016 than in 2017 primarily due to the gain from the sale of the mexican plaka business of $ 25 million and income from a legal settlement of $ 18 million in 2017 .refer to note 3 , "acquisitions and divestitures" in item 8 of this form 10-k for additional information. .
Question: what was the pretax restructuring charge in the second quarter of 2018?
Steps: Ask for number 83
Answer: 83.0
Question: by what amount was this charge offset?
| convfinqa1931 |
30 2018 ppg annual report and 10-k foreign currency translation partially offset by : cost reclassifications associated with the adoption of the new revenue recognition standard .refer to note 2 , "revenue recognition" within part 2 of this form 10-k cost management including restructuring cost savings 2017 vs .2016 selling , general and administrative expenses decreased $ 1 million primarily due to : lower net periodic pension and other postretirement benefit costs lower selling and advertising costs restructuring cost savings partially offset by : wage and other cost inflation selling , general and administrative expenses from acquired businesses foreign currency translation other charges and other income . ( $ in millions except percentages ) | 2018 | % ( % ) change 2017 | % ( % ) change 2016 | % ( % ) change 2018 vs . 2017 | % ( % ) change 2017 vs . 2016
interest expense net of interest income | $ 95 | $ 85 | $ 99 | 11.8% ( 11.8 % ) | ( 14.1 ) % ( % )
business restructuring net | $ 66 | $ 2014 | $ 191 | n/a | ( 100.0 ) % ( % )
pension settlement charges | $ 2014 | $ 60 | $ 968 | ( 100.0 ) % ( % ) | ( 93.8 ) % ( % )
other charges | $ 122 | $ 74 | $ 242 | 64.9% ( 64.9 % ) | ( 69.4 ) % ( % )
other income | ( $ 114 ) | ( $ 150 ) | ( $ 127 ) | ( 24.0 ) % ( % ) | 18.1% ( 18.1 % ) interest expense , net of interest income interest expense , net of interest income increased $ 10 million in 2018 versus 2017 primarily due to the issuance of long- term debt in early 2018 .interest expense , net of interest income decreased $ 14 million in 2017 versus 2016 due to lower interest rate debt outstanding in 2017 .business restructuring , net a pretax restructuring charge of $ 83 million was recorded in the second quarter of 2018 , offset by certain changes in estimates to complete previously recorded programs of $ 17 million .a pretax charge of $ 191 million was recorded in 2016 .refer to note 8 , "business restructuring" in item 8 of this form 10-k for additional information .pension settlement charges during 2017 , ppg made lump-sum payments to certain retirees who had participated in ppg's u.s .qualified and non- qualified pension plans totaling approximately $ 127 million .as the lump-sum payments were in excess of the expected 2017 service and interest costs for the affected plans , ppg remeasured the periodic benefit obligation of these plans in the period payments were made and recorded settlement charges totaling $ 60 million ( $ 38 million after-tax ) during 2017 .during 2016 , ppg permanently transferred approximately $ 1.8 billion of its u.s .and canadian pension obligations and assets to several highly rated insurance companies .these actions triggered remeasurement and partial settlement of certain of the company 2019s defined benefit pension plans .ppg recognized a $ 968 million pre-tax settlement charge in connection with these transactions .refer to note 13 , "employee benefit plans" in item 8 of this form 10-k for additional information .other charges other charges in 2018 and 2016 were higher than 2017 primarily due to environmental remediation charges .these charges were principally for environmental remediation at a former chromium manufacturing plant and associated sites in new jersey .refer to note 14 , "commitments and contingent liabilities" in item 8 of this form 10-k for additional information .other income other income was lower in 2018 and 2016 than in 2017 primarily due to the gain from the sale of the mexican plaka business of $ 25 million and income from a legal settlement of $ 18 million in 2017 .refer to note 3 , "acquisitions and divestitures" in item 8 of this form 10-k for additional information. .
Question: what was the pretax restructuring charge in the second quarter of 2018?
Steps: Ask for number 83
Answer: 83.0
Question: by what amount was this charge offset?
Steps: Ask for number 17
Answer: 17.0
Question: what then became that pretax restructuring charge after this offset?
| 66.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
30 2018 ppg annual report and 10-k foreign currency translation partially offset by : cost reclassifications associated with the adoption of the new revenue recognition standard .refer to note 2 , "revenue recognition" within part 2 of this form 10-k cost management including restructuring cost savings 2017 vs .2016 selling , general and administrative expenses decreased $ 1 million primarily due to : lower net periodic pension and other postretirement benefit costs lower selling and advertising costs restructuring cost savings partially offset by : wage and other cost inflation selling , general and administrative expenses from acquired businesses foreign currency translation other charges and other income . ( $ in millions except percentages ) | 2018 | % ( % ) change 2017 | % ( % ) change 2016 | % ( % ) change 2018 vs . 2017 | % ( % ) change 2017 vs . 2016
interest expense net of interest income | $ 95 | $ 85 | $ 99 | 11.8% ( 11.8 % ) | ( 14.1 ) % ( % )
business restructuring net | $ 66 | $ 2014 | $ 191 | n/a | ( 100.0 ) % ( % )
pension settlement charges | $ 2014 | $ 60 | $ 968 | ( 100.0 ) % ( % ) | ( 93.8 ) % ( % )
other charges | $ 122 | $ 74 | $ 242 | 64.9% ( 64.9 % ) | ( 69.4 ) % ( % )
other income | ( $ 114 ) | ( $ 150 ) | ( $ 127 ) | ( 24.0 ) % ( % ) | 18.1% ( 18.1 % ) interest expense , net of interest income interest expense , net of interest income increased $ 10 million in 2018 versus 2017 primarily due to the issuance of long- term debt in early 2018 .interest expense , net of interest income decreased $ 14 million in 2017 versus 2016 due to lower interest rate debt outstanding in 2017 .business restructuring , net a pretax restructuring charge of $ 83 million was recorded in the second quarter of 2018 , offset by certain changes in estimates to complete previously recorded programs of $ 17 million .a pretax charge of $ 191 million was recorded in 2016 .refer to note 8 , "business restructuring" in item 8 of this form 10-k for additional information .pension settlement charges during 2017 , ppg made lump-sum payments to certain retirees who had participated in ppg's u.s .qualified and non- qualified pension plans totaling approximately $ 127 million .as the lump-sum payments were in excess of the expected 2017 service and interest costs for the affected plans , ppg remeasured the periodic benefit obligation of these plans in the period payments were made and recorded settlement charges totaling $ 60 million ( $ 38 million after-tax ) during 2017 .during 2016 , ppg permanently transferred approximately $ 1.8 billion of its u.s .and canadian pension obligations and assets to several highly rated insurance companies .these actions triggered remeasurement and partial settlement of certain of the company 2019s defined benefit pension plans .ppg recognized a $ 968 million pre-tax settlement charge in connection with these transactions .refer to note 13 , "employee benefit plans" in item 8 of this form 10-k for additional information .other charges other charges in 2018 and 2016 were higher than 2017 primarily due to environmental remediation charges .these charges were principally for environmental remediation at a former chromium manufacturing plant and associated sites in new jersey .refer to note 14 , "commitments and contingent liabilities" in item 8 of this form 10-k for additional information .other income other income was lower in 2018 and 2016 than in 2017 primarily due to the gain from the sale of the mexican plaka business of $ 25 million and income from a legal settlement of $ 18 million in 2017 .refer to note 3 , "acquisitions and divestitures" in item 8 of this form 10-k for additional information. .
Question: what was the pretax restructuring charge in the second quarter of 2018?
Steps: Ask for number 83
Answer: 83.0
Question: by what amount was this charge offset?
Steps: Ask for number 17
Answer: 17.0
Question: what then became that pretax restructuring charge after this offset?
| convfinqa1932 |
30 2018 ppg annual report and 10-k foreign currency translation partially offset by : cost reclassifications associated with the adoption of the new revenue recognition standard .refer to note 2 , "revenue recognition" within part 2 of this form 10-k cost management including restructuring cost savings 2017 vs .2016 selling , general and administrative expenses decreased $ 1 million primarily due to : lower net periodic pension and other postretirement benefit costs lower selling and advertising costs restructuring cost savings partially offset by : wage and other cost inflation selling , general and administrative expenses from acquired businesses foreign currency translation other charges and other income . ( $ in millions except percentages ) | 2018 | % ( % ) change 2017 | % ( % ) change 2016 | % ( % ) change 2018 vs . 2017 | % ( % ) change 2017 vs . 2016
interest expense net of interest income | $ 95 | $ 85 | $ 99 | 11.8% ( 11.8 % ) | ( 14.1 ) % ( % )
business restructuring net | $ 66 | $ 2014 | $ 191 | n/a | ( 100.0 ) % ( % )
pension settlement charges | $ 2014 | $ 60 | $ 968 | ( 100.0 ) % ( % ) | ( 93.8 ) % ( % )
other charges | $ 122 | $ 74 | $ 242 | 64.9% ( 64.9 % ) | ( 69.4 ) % ( % )
other income | ( $ 114 ) | ( $ 150 ) | ( $ 127 ) | ( 24.0 ) % ( % ) | 18.1% ( 18.1 % ) interest expense , net of interest income interest expense , net of interest income increased $ 10 million in 2018 versus 2017 primarily due to the issuance of long- term debt in early 2018 .interest expense , net of interest income decreased $ 14 million in 2017 versus 2016 due to lower interest rate debt outstanding in 2017 .business restructuring , net a pretax restructuring charge of $ 83 million was recorded in the second quarter of 2018 , offset by certain changes in estimates to complete previously recorded programs of $ 17 million .a pretax charge of $ 191 million was recorded in 2016 .refer to note 8 , "business restructuring" in item 8 of this form 10-k for additional information .pension settlement charges during 2017 , ppg made lump-sum payments to certain retirees who had participated in ppg's u.s .qualified and non- qualified pension plans totaling approximately $ 127 million .as the lump-sum payments were in excess of the expected 2017 service and interest costs for the affected plans , ppg remeasured the periodic benefit obligation of these plans in the period payments were made and recorded settlement charges totaling $ 60 million ( $ 38 million after-tax ) during 2017 .during 2016 , ppg permanently transferred approximately $ 1.8 billion of its u.s .and canadian pension obligations and assets to several highly rated insurance companies .these actions triggered remeasurement and partial settlement of certain of the company 2019s defined benefit pension plans .ppg recognized a $ 968 million pre-tax settlement charge in connection with these transactions .refer to note 13 , "employee benefit plans" in item 8 of this form 10-k for additional information .other charges other charges in 2018 and 2016 were higher than 2017 primarily due to environmental remediation charges .these charges were principally for environmental remediation at a former chromium manufacturing plant and associated sites in new jersey .refer to note 14 , "commitments and contingent liabilities" in item 8 of this form 10-k for additional information .other income other income was lower in 2018 and 2016 than in 2017 primarily due to the gain from the sale of the mexican plaka business of $ 25 million and income from a legal settlement of $ 18 million in 2017 .refer to note 3 , "acquisitions and divestitures" in item 8 of this form 10-k for additional information. .
Question: what was the pretax restructuring charge in the second quarter of 2018?
Steps: Ask for number 83
Answer: 83.0
Question: by what amount was this charge offset?
Steps: Ask for number 17
Answer: 17.0
Question: what then became that pretax restructuring charge after this offset?
Steps: subtract(83, 17)
Answer: 66.0
Question: what was the pretax charge in 2016?
| 191.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
30 2018 ppg annual report and 10-k foreign currency translation partially offset by : cost reclassifications associated with the adoption of the new revenue recognition standard .refer to note 2 , "revenue recognition" within part 2 of this form 10-k cost management including restructuring cost savings 2017 vs .2016 selling , general and administrative expenses decreased $ 1 million primarily due to : lower net periodic pension and other postretirement benefit costs lower selling and advertising costs restructuring cost savings partially offset by : wage and other cost inflation selling , general and administrative expenses from acquired businesses foreign currency translation other charges and other income . ( $ in millions except percentages ) | 2018 | % ( % ) change 2017 | % ( % ) change 2016 | % ( % ) change 2018 vs . 2017 | % ( % ) change 2017 vs . 2016
interest expense net of interest income | $ 95 | $ 85 | $ 99 | 11.8% ( 11.8 % ) | ( 14.1 ) % ( % )
business restructuring net | $ 66 | $ 2014 | $ 191 | n/a | ( 100.0 ) % ( % )
pension settlement charges | $ 2014 | $ 60 | $ 968 | ( 100.0 ) % ( % ) | ( 93.8 ) % ( % )
other charges | $ 122 | $ 74 | $ 242 | 64.9% ( 64.9 % ) | ( 69.4 ) % ( % )
other income | ( $ 114 ) | ( $ 150 ) | ( $ 127 ) | ( 24.0 ) % ( % ) | 18.1% ( 18.1 % ) interest expense , net of interest income interest expense , net of interest income increased $ 10 million in 2018 versus 2017 primarily due to the issuance of long- term debt in early 2018 .interest expense , net of interest income decreased $ 14 million in 2017 versus 2016 due to lower interest rate debt outstanding in 2017 .business restructuring , net a pretax restructuring charge of $ 83 million was recorded in the second quarter of 2018 , offset by certain changes in estimates to complete previously recorded programs of $ 17 million .a pretax charge of $ 191 million was recorded in 2016 .refer to note 8 , "business restructuring" in item 8 of this form 10-k for additional information .pension settlement charges during 2017 , ppg made lump-sum payments to certain retirees who had participated in ppg's u.s .qualified and non- qualified pension plans totaling approximately $ 127 million .as the lump-sum payments were in excess of the expected 2017 service and interest costs for the affected plans , ppg remeasured the periodic benefit obligation of these plans in the period payments were made and recorded settlement charges totaling $ 60 million ( $ 38 million after-tax ) during 2017 .during 2016 , ppg permanently transferred approximately $ 1.8 billion of its u.s .and canadian pension obligations and assets to several highly rated insurance companies .these actions triggered remeasurement and partial settlement of certain of the company 2019s defined benefit pension plans .ppg recognized a $ 968 million pre-tax settlement charge in connection with these transactions .refer to note 13 , "employee benefit plans" in item 8 of this form 10-k for additional information .other charges other charges in 2018 and 2016 were higher than 2017 primarily due to environmental remediation charges .these charges were principally for environmental remediation at a former chromium manufacturing plant and associated sites in new jersey .refer to note 14 , "commitments and contingent liabilities" in item 8 of this form 10-k for additional information .other income other income was lower in 2018 and 2016 than in 2017 primarily due to the gain from the sale of the mexican plaka business of $ 25 million and income from a legal settlement of $ 18 million in 2017 .refer to note 3 , "acquisitions and divestitures" in item 8 of this form 10-k for additional information. .
Question: what was the pretax restructuring charge in the second quarter of 2018?
Steps: Ask for number 83
Answer: 83.0
Question: by what amount was this charge offset?
Steps: Ask for number 17
Answer: 17.0
Question: what then became that pretax restructuring charge after this offset?
Steps: subtract(83, 17)
Answer: 66.0
Question: what was the pretax charge in 2016?
| convfinqa1933 |
30 2018 ppg annual report and 10-k foreign currency translation partially offset by : cost reclassifications associated with the adoption of the new revenue recognition standard .refer to note 2 , "revenue recognition" within part 2 of this form 10-k cost management including restructuring cost savings 2017 vs .2016 selling , general and administrative expenses decreased $ 1 million primarily due to : lower net periodic pension and other postretirement benefit costs lower selling and advertising costs restructuring cost savings partially offset by : wage and other cost inflation selling , general and administrative expenses from acquired businesses foreign currency translation other charges and other income . ( $ in millions except percentages ) | 2018 | % ( % ) change 2017 | % ( % ) change 2016 | % ( % ) change 2018 vs . 2017 | % ( % ) change 2017 vs . 2016
interest expense net of interest income | $ 95 | $ 85 | $ 99 | 11.8% ( 11.8 % ) | ( 14.1 ) % ( % )
business restructuring net | $ 66 | $ 2014 | $ 191 | n/a | ( 100.0 ) % ( % )
pension settlement charges | $ 2014 | $ 60 | $ 968 | ( 100.0 ) % ( % ) | ( 93.8 ) % ( % )
other charges | $ 122 | $ 74 | $ 242 | 64.9% ( 64.9 % ) | ( 69.4 ) % ( % )
other income | ( $ 114 ) | ( $ 150 ) | ( $ 127 ) | ( 24.0 ) % ( % ) | 18.1% ( 18.1 % ) interest expense , net of interest income interest expense , net of interest income increased $ 10 million in 2018 versus 2017 primarily due to the issuance of long- term debt in early 2018 .interest expense , net of interest income decreased $ 14 million in 2017 versus 2016 due to lower interest rate debt outstanding in 2017 .business restructuring , net a pretax restructuring charge of $ 83 million was recorded in the second quarter of 2018 , offset by certain changes in estimates to complete previously recorded programs of $ 17 million .a pretax charge of $ 191 million was recorded in 2016 .refer to note 8 , "business restructuring" in item 8 of this form 10-k for additional information .pension settlement charges during 2017 , ppg made lump-sum payments to certain retirees who had participated in ppg's u.s .qualified and non- qualified pension plans totaling approximately $ 127 million .as the lump-sum payments were in excess of the expected 2017 service and interest costs for the affected plans , ppg remeasured the periodic benefit obligation of these plans in the period payments were made and recorded settlement charges totaling $ 60 million ( $ 38 million after-tax ) during 2017 .during 2016 , ppg permanently transferred approximately $ 1.8 billion of its u.s .and canadian pension obligations and assets to several highly rated insurance companies .these actions triggered remeasurement and partial settlement of certain of the company 2019s defined benefit pension plans .ppg recognized a $ 968 million pre-tax settlement charge in connection with these transactions .refer to note 13 , "employee benefit plans" in item 8 of this form 10-k for additional information .other charges other charges in 2018 and 2016 were higher than 2017 primarily due to environmental remediation charges .these charges were principally for environmental remediation at a former chromium manufacturing plant and associated sites in new jersey .refer to note 14 , "commitments and contingent liabilities" in item 8 of this form 10-k for additional information .other income other income was lower in 2018 and 2016 than in 2017 primarily due to the gain from the sale of the mexican plaka business of $ 25 million and income from a legal settlement of $ 18 million in 2017 .refer to note 3 , "acquisitions and divestitures" in item 8 of this form 10-k for additional information. .
Question: what was the pretax restructuring charge in the second quarter of 2018?
Steps: Ask for number 83
Answer: 83.0
Question: by what amount was this charge offset?
Steps: Ask for number 17
Answer: 17.0
Question: what then became that pretax restructuring charge after this offset?
Steps: subtract(83, 17)
Answer: 66.0
Question: what was the pretax charge in 2016?
Steps: Ask for number 191
Answer: 191.0
Question: what is, then, the total sum of these two pretax restructuring charges?
| 257.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
30 2018 ppg annual report and 10-k foreign currency translation partially offset by : cost reclassifications associated with the adoption of the new revenue recognition standard .refer to note 2 , "revenue recognition" within part 2 of this form 10-k cost management including restructuring cost savings 2017 vs .2016 selling , general and administrative expenses decreased $ 1 million primarily due to : lower net periodic pension and other postretirement benefit costs lower selling and advertising costs restructuring cost savings partially offset by : wage and other cost inflation selling , general and administrative expenses from acquired businesses foreign currency translation other charges and other income . ( $ in millions except percentages ) | 2018 | % ( % ) change 2017 | % ( % ) change 2016 | % ( % ) change 2018 vs . 2017 | % ( % ) change 2017 vs . 2016
interest expense net of interest income | $ 95 | $ 85 | $ 99 | 11.8% ( 11.8 % ) | ( 14.1 ) % ( % )
business restructuring net | $ 66 | $ 2014 | $ 191 | n/a | ( 100.0 ) % ( % )
pension settlement charges | $ 2014 | $ 60 | $ 968 | ( 100.0 ) % ( % ) | ( 93.8 ) % ( % )
other charges | $ 122 | $ 74 | $ 242 | 64.9% ( 64.9 % ) | ( 69.4 ) % ( % )
other income | ( $ 114 ) | ( $ 150 ) | ( $ 127 ) | ( 24.0 ) % ( % ) | 18.1% ( 18.1 % ) interest expense , net of interest income interest expense , net of interest income increased $ 10 million in 2018 versus 2017 primarily due to the issuance of long- term debt in early 2018 .interest expense , net of interest income decreased $ 14 million in 2017 versus 2016 due to lower interest rate debt outstanding in 2017 .business restructuring , net a pretax restructuring charge of $ 83 million was recorded in the second quarter of 2018 , offset by certain changes in estimates to complete previously recorded programs of $ 17 million .a pretax charge of $ 191 million was recorded in 2016 .refer to note 8 , "business restructuring" in item 8 of this form 10-k for additional information .pension settlement charges during 2017 , ppg made lump-sum payments to certain retirees who had participated in ppg's u.s .qualified and non- qualified pension plans totaling approximately $ 127 million .as the lump-sum payments were in excess of the expected 2017 service and interest costs for the affected plans , ppg remeasured the periodic benefit obligation of these plans in the period payments were made and recorded settlement charges totaling $ 60 million ( $ 38 million after-tax ) during 2017 .during 2016 , ppg permanently transferred approximately $ 1.8 billion of its u.s .and canadian pension obligations and assets to several highly rated insurance companies .these actions triggered remeasurement and partial settlement of certain of the company 2019s defined benefit pension plans .ppg recognized a $ 968 million pre-tax settlement charge in connection with these transactions .refer to note 13 , "employee benefit plans" in item 8 of this form 10-k for additional information .other charges other charges in 2018 and 2016 were higher than 2017 primarily due to environmental remediation charges .these charges were principally for environmental remediation at a former chromium manufacturing plant and associated sites in new jersey .refer to note 14 , "commitments and contingent liabilities" in item 8 of this form 10-k for additional information .other income other income was lower in 2018 and 2016 than in 2017 primarily due to the gain from the sale of the mexican plaka business of $ 25 million and income from a legal settlement of $ 18 million in 2017 .refer to note 3 , "acquisitions and divestitures" in item 8 of this form 10-k for additional information. .
Question: what was the pretax restructuring charge in the second quarter of 2018?
Steps: Ask for number 83
Answer: 83.0
Question: by what amount was this charge offset?
Steps: Ask for number 17
Answer: 17.0
Question: what then became that pretax restructuring charge after this offset?
Steps: subtract(83, 17)
Answer: 66.0
Question: what was the pretax charge in 2016?
Steps: Ask for number 191
Answer: 191.0
Question: what is, then, the total sum of these two pretax restructuring charges?
| convfinqa1934 |
the company recognizes the effect of income tax positions only if sustaining those positions is more likely than not .changes in recognition or measurement are reflected in the period in which a change in judgment occurs .the company records penalties and interest related to unrecognized tax benefits in income taxes in the company 2019s consolidated statements of income .changes in accounting principles business combinations and noncontrolling interests on january 1 , 2009 , the company adopted revised principles related to business combinations and noncontrolling interests .the revised principle on business combinations applies to all transactions or other events in which an entity obtains control over one or more businesses .it requires an acquirer to recognize the assets acquired , the liabilities assumed , and any noncontrolling interest in the acquiree at the acquisition date , measured at their fair values as of that date .business combinations achieved in stages require recognition of the identifiable assets and liabilities , as well as the noncontrolling interest in the acquiree , at the full amounts of their fair values when control is obtained .this revision also changes the requirements for recognizing assets acquired and liabilities assumed arising from contingencies , and requires direct acquisition costs to be expensed .in addition , it provides certain changes to income tax accounting for business combinations which apply to both new and previously existing business combinations .in april 2009 , additional guidance was issued which revised certain business combination guidance related to accounting for contingent liabilities assumed in a business combination .the company has adopted this guidance in conjunction with the adoption of the revised principles related to business combinations .the adoption of the revised principles related to business combinations has not had a material impact on the consolidated financial statements .the revised principle related to noncontrolling interests establishes accounting and reporting standards for the noncontrolling interests in a subsidiary and for the deconsolidation of a subsidiary .the revised principle clarifies that a noncontrolling interest in a subsidiary is an ownership interest in the consolidated entity that should be reported as a separate component of equity in the consolidated statements of financial position .the revised principle requires retrospective adjustments , for all periods presented , of stockholders 2019 equity and net income for noncontrolling interests .in addition to these financial reporting changes , the revised principle provides for significant changes in accounting related to changes in ownership of noncontrolling interests .changes in aon 2019s controlling financial interests in consolidated subsidiaries that do not result in a loss of control are accounted for as equity transactions similar to treasury stock transactions .if a change in ownership of a consolidated subsidiary results in a loss of control and deconsolidation , any retained ownership interests are remeasured at fair value with the gain or loss reported in net income .in previous periods , noncontrolling interests for operating subsidiaries were reported in other general expenses in the consolidated statements of income .prior period amounts have been restated to conform to the current year 2019s presentation .the principal effect on the prior years 2019 balance sheets related to the adoption of the new guidance related to noncontrolling interests is summarized as follows ( in millions ) : . as of december 31 | 2008 | 2007
equity as previously reported | $ 5310 | $ 6221
increase for reclassification of non-controlling interests | 105 | 40
equity as adjusted | $ 5415 | $ 6261 the revised principle also requires that net income be adjusted to include the net income attributable to the noncontrolling interests and a new separate caption for net income attributable to aon stockholders be presented in the consolidated statements of income .the adoption of this new guidance increased net income by $ 16 million and $ 13 million for 2008 and 2007 , respectively .net .
Question: what was the reclassification of non-controlling interests in 2008?
| 105.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
the company recognizes the effect of income tax positions only if sustaining those positions is more likely than not .changes in recognition or measurement are reflected in the period in which a change in judgment occurs .the company records penalties and interest related to unrecognized tax benefits in income taxes in the company 2019s consolidated statements of income .changes in accounting principles business combinations and noncontrolling interests on january 1 , 2009 , the company adopted revised principles related to business combinations and noncontrolling interests .the revised principle on business combinations applies to all transactions or other events in which an entity obtains control over one or more businesses .it requires an acquirer to recognize the assets acquired , the liabilities assumed , and any noncontrolling interest in the acquiree at the acquisition date , measured at their fair values as of that date .business combinations achieved in stages require recognition of the identifiable assets and liabilities , as well as the noncontrolling interest in the acquiree , at the full amounts of their fair values when control is obtained .this revision also changes the requirements for recognizing assets acquired and liabilities assumed arising from contingencies , and requires direct acquisition costs to be expensed .in addition , it provides certain changes to income tax accounting for business combinations which apply to both new and previously existing business combinations .in april 2009 , additional guidance was issued which revised certain business combination guidance related to accounting for contingent liabilities assumed in a business combination .the company has adopted this guidance in conjunction with the adoption of the revised principles related to business combinations .the adoption of the revised principles related to business combinations has not had a material impact on the consolidated financial statements .the revised principle related to noncontrolling interests establishes accounting and reporting standards for the noncontrolling interests in a subsidiary and for the deconsolidation of a subsidiary .the revised principle clarifies that a noncontrolling interest in a subsidiary is an ownership interest in the consolidated entity that should be reported as a separate component of equity in the consolidated statements of financial position .the revised principle requires retrospective adjustments , for all periods presented , of stockholders 2019 equity and net income for noncontrolling interests .in addition to these financial reporting changes , the revised principle provides for significant changes in accounting related to changes in ownership of noncontrolling interests .changes in aon 2019s controlling financial interests in consolidated subsidiaries that do not result in a loss of control are accounted for as equity transactions similar to treasury stock transactions .if a change in ownership of a consolidated subsidiary results in a loss of control and deconsolidation , any retained ownership interests are remeasured at fair value with the gain or loss reported in net income .in previous periods , noncontrolling interests for operating subsidiaries were reported in other general expenses in the consolidated statements of income .prior period amounts have been restated to conform to the current year 2019s presentation .the principal effect on the prior years 2019 balance sheets related to the adoption of the new guidance related to noncontrolling interests is summarized as follows ( in millions ) : . as of december 31 | 2008 | 2007
equity as previously reported | $ 5310 | $ 6221
increase for reclassification of non-controlling interests | 105 | 40
equity as adjusted | $ 5415 | $ 6261 the revised principle also requires that net income be adjusted to include the net income attributable to the noncontrolling interests and a new separate caption for net income attributable to aon stockholders be presented in the consolidated statements of income .the adoption of this new guidance increased net income by $ 16 million and $ 13 million for 2008 and 2007 , respectively .net .
Question: what was the reclassification of non-controlling interests in 2008?
| convfinqa1935 |
the company recognizes the effect of income tax positions only if sustaining those positions is more likely than not .changes in recognition or measurement are reflected in the period in which a change in judgment occurs .the company records penalties and interest related to unrecognized tax benefits in income taxes in the company 2019s consolidated statements of income .changes in accounting principles business combinations and noncontrolling interests on january 1 , 2009 , the company adopted revised principles related to business combinations and noncontrolling interests .the revised principle on business combinations applies to all transactions or other events in which an entity obtains control over one or more businesses .it requires an acquirer to recognize the assets acquired , the liabilities assumed , and any noncontrolling interest in the acquiree at the acquisition date , measured at their fair values as of that date .business combinations achieved in stages require recognition of the identifiable assets and liabilities , as well as the noncontrolling interest in the acquiree , at the full amounts of their fair values when control is obtained .this revision also changes the requirements for recognizing assets acquired and liabilities assumed arising from contingencies , and requires direct acquisition costs to be expensed .in addition , it provides certain changes to income tax accounting for business combinations which apply to both new and previously existing business combinations .in april 2009 , additional guidance was issued which revised certain business combination guidance related to accounting for contingent liabilities assumed in a business combination .the company has adopted this guidance in conjunction with the adoption of the revised principles related to business combinations .the adoption of the revised principles related to business combinations has not had a material impact on the consolidated financial statements .the revised principle related to noncontrolling interests establishes accounting and reporting standards for the noncontrolling interests in a subsidiary and for the deconsolidation of a subsidiary .the revised principle clarifies that a noncontrolling interest in a subsidiary is an ownership interest in the consolidated entity that should be reported as a separate component of equity in the consolidated statements of financial position .the revised principle requires retrospective adjustments , for all periods presented , of stockholders 2019 equity and net income for noncontrolling interests .in addition to these financial reporting changes , the revised principle provides for significant changes in accounting related to changes in ownership of noncontrolling interests .changes in aon 2019s controlling financial interests in consolidated subsidiaries that do not result in a loss of control are accounted for as equity transactions similar to treasury stock transactions .if a change in ownership of a consolidated subsidiary results in a loss of control and deconsolidation , any retained ownership interests are remeasured at fair value with the gain or loss reported in net income .in previous periods , noncontrolling interests for operating subsidiaries were reported in other general expenses in the consolidated statements of income .prior period amounts have been restated to conform to the current year 2019s presentation .the principal effect on the prior years 2019 balance sheets related to the adoption of the new guidance related to noncontrolling interests is summarized as follows ( in millions ) : . as of december 31 | 2008 | 2007
equity as previously reported | $ 5310 | $ 6221
increase for reclassification of non-controlling interests | 105 | 40
equity as adjusted | $ 5415 | $ 6261 the revised principle also requires that net income be adjusted to include the net income attributable to the noncontrolling interests and a new separate caption for net income attributable to aon stockholders be presented in the consolidated statements of income .the adoption of this new guidance increased net income by $ 16 million and $ 13 million for 2008 and 2007 , respectively .net .
Question: what was the reclassification of non-controlling interests in 2008?
Steps: Ask for number 105
Answer: 105.0
Question: and what was it in 2007?
| 40.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
the company recognizes the effect of income tax positions only if sustaining those positions is more likely than not .changes in recognition or measurement are reflected in the period in which a change in judgment occurs .the company records penalties and interest related to unrecognized tax benefits in income taxes in the company 2019s consolidated statements of income .changes in accounting principles business combinations and noncontrolling interests on january 1 , 2009 , the company adopted revised principles related to business combinations and noncontrolling interests .the revised principle on business combinations applies to all transactions or other events in which an entity obtains control over one or more businesses .it requires an acquirer to recognize the assets acquired , the liabilities assumed , and any noncontrolling interest in the acquiree at the acquisition date , measured at their fair values as of that date .business combinations achieved in stages require recognition of the identifiable assets and liabilities , as well as the noncontrolling interest in the acquiree , at the full amounts of their fair values when control is obtained .this revision also changes the requirements for recognizing assets acquired and liabilities assumed arising from contingencies , and requires direct acquisition costs to be expensed .in addition , it provides certain changes to income tax accounting for business combinations which apply to both new and previously existing business combinations .in april 2009 , additional guidance was issued which revised certain business combination guidance related to accounting for contingent liabilities assumed in a business combination .the company has adopted this guidance in conjunction with the adoption of the revised principles related to business combinations .the adoption of the revised principles related to business combinations has not had a material impact on the consolidated financial statements .the revised principle related to noncontrolling interests establishes accounting and reporting standards for the noncontrolling interests in a subsidiary and for the deconsolidation of a subsidiary .the revised principle clarifies that a noncontrolling interest in a subsidiary is an ownership interest in the consolidated entity that should be reported as a separate component of equity in the consolidated statements of financial position .the revised principle requires retrospective adjustments , for all periods presented , of stockholders 2019 equity and net income for noncontrolling interests .in addition to these financial reporting changes , the revised principle provides for significant changes in accounting related to changes in ownership of noncontrolling interests .changes in aon 2019s controlling financial interests in consolidated subsidiaries that do not result in a loss of control are accounted for as equity transactions similar to treasury stock transactions .if a change in ownership of a consolidated subsidiary results in a loss of control and deconsolidation , any retained ownership interests are remeasured at fair value with the gain or loss reported in net income .in previous periods , noncontrolling interests for operating subsidiaries were reported in other general expenses in the consolidated statements of income .prior period amounts have been restated to conform to the current year 2019s presentation .the principal effect on the prior years 2019 balance sheets related to the adoption of the new guidance related to noncontrolling interests is summarized as follows ( in millions ) : . as of december 31 | 2008 | 2007
equity as previously reported | $ 5310 | $ 6221
increase for reclassification of non-controlling interests | 105 | 40
equity as adjusted | $ 5415 | $ 6261 the revised principle also requires that net income be adjusted to include the net income attributable to the noncontrolling interests and a new separate caption for net income attributable to aon stockholders be presented in the consolidated statements of income .the adoption of this new guidance increased net income by $ 16 million and $ 13 million for 2008 and 2007 , respectively .net .
Question: what was the reclassification of non-controlling interests in 2008?
Steps: Ask for number 105
Answer: 105.0
Question: and what was it in 2007?
| convfinqa1936 |
the company recognizes the effect of income tax positions only if sustaining those positions is more likely than not .changes in recognition or measurement are reflected in the period in which a change in judgment occurs .the company records penalties and interest related to unrecognized tax benefits in income taxes in the company 2019s consolidated statements of income .changes in accounting principles business combinations and noncontrolling interests on january 1 , 2009 , the company adopted revised principles related to business combinations and noncontrolling interests .the revised principle on business combinations applies to all transactions or other events in which an entity obtains control over one or more businesses .it requires an acquirer to recognize the assets acquired , the liabilities assumed , and any noncontrolling interest in the acquiree at the acquisition date , measured at their fair values as of that date .business combinations achieved in stages require recognition of the identifiable assets and liabilities , as well as the noncontrolling interest in the acquiree , at the full amounts of their fair values when control is obtained .this revision also changes the requirements for recognizing assets acquired and liabilities assumed arising from contingencies , and requires direct acquisition costs to be expensed .in addition , it provides certain changes to income tax accounting for business combinations which apply to both new and previously existing business combinations .in april 2009 , additional guidance was issued which revised certain business combination guidance related to accounting for contingent liabilities assumed in a business combination .the company has adopted this guidance in conjunction with the adoption of the revised principles related to business combinations .the adoption of the revised principles related to business combinations has not had a material impact on the consolidated financial statements .the revised principle related to noncontrolling interests establishes accounting and reporting standards for the noncontrolling interests in a subsidiary and for the deconsolidation of a subsidiary .the revised principle clarifies that a noncontrolling interest in a subsidiary is an ownership interest in the consolidated entity that should be reported as a separate component of equity in the consolidated statements of financial position .the revised principle requires retrospective adjustments , for all periods presented , of stockholders 2019 equity and net income for noncontrolling interests .in addition to these financial reporting changes , the revised principle provides for significant changes in accounting related to changes in ownership of noncontrolling interests .changes in aon 2019s controlling financial interests in consolidated subsidiaries that do not result in a loss of control are accounted for as equity transactions similar to treasury stock transactions .if a change in ownership of a consolidated subsidiary results in a loss of control and deconsolidation , any retained ownership interests are remeasured at fair value with the gain or loss reported in net income .in previous periods , noncontrolling interests for operating subsidiaries were reported in other general expenses in the consolidated statements of income .prior period amounts have been restated to conform to the current year 2019s presentation .the principal effect on the prior years 2019 balance sheets related to the adoption of the new guidance related to noncontrolling interests is summarized as follows ( in millions ) : . as of december 31 | 2008 | 2007
equity as previously reported | $ 5310 | $ 6221
increase for reclassification of non-controlling interests | 105 | 40
equity as adjusted | $ 5415 | $ 6261 the revised principle also requires that net income be adjusted to include the net income attributable to the noncontrolling interests and a new separate caption for net income attributable to aon stockholders be presented in the consolidated statements of income .the adoption of this new guidance increased net income by $ 16 million and $ 13 million for 2008 and 2007 , respectively .net .
Question: what was the reclassification of non-controlling interests in 2008?
Steps: Ask for number 105
Answer: 105.0
Question: and what was it in 2007?
Steps: Ask for number 40
Answer: 40.0
Question: what was, then, the change over the year?
| 65.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
the company recognizes the effect of income tax positions only if sustaining those positions is more likely than not .changes in recognition or measurement are reflected in the period in which a change in judgment occurs .the company records penalties and interest related to unrecognized tax benefits in income taxes in the company 2019s consolidated statements of income .changes in accounting principles business combinations and noncontrolling interests on january 1 , 2009 , the company adopted revised principles related to business combinations and noncontrolling interests .the revised principle on business combinations applies to all transactions or other events in which an entity obtains control over one or more businesses .it requires an acquirer to recognize the assets acquired , the liabilities assumed , and any noncontrolling interest in the acquiree at the acquisition date , measured at their fair values as of that date .business combinations achieved in stages require recognition of the identifiable assets and liabilities , as well as the noncontrolling interest in the acquiree , at the full amounts of their fair values when control is obtained .this revision also changes the requirements for recognizing assets acquired and liabilities assumed arising from contingencies , and requires direct acquisition costs to be expensed .in addition , it provides certain changes to income tax accounting for business combinations which apply to both new and previously existing business combinations .in april 2009 , additional guidance was issued which revised certain business combination guidance related to accounting for contingent liabilities assumed in a business combination .the company has adopted this guidance in conjunction with the adoption of the revised principles related to business combinations .the adoption of the revised principles related to business combinations has not had a material impact on the consolidated financial statements .the revised principle related to noncontrolling interests establishes accounting and reporting standards for the noncontrolling interests in a subsidiary and for the deconsolidation of a subsidiary .the revised principle clarifies that a noncontrolling interest in a subsidiary is an ownership interest in the consolidated entity that should be reported as a separate component of equity in the consolidated statements of financial position .the revised principle requires retrospective adjustments , for all periods presented , of stockholders 2019 equity and net income for noncontrolling interests .in addition to these financial reporting changes , the revised principle provides for significant changes in accounting related to changes in ownership of noncontrolling interests .changes in aon 2019s controlling financial interests in consolidated subsidiaries that do not result in a loss of control are accounted for as equity transactions similar to treasury stock transactions .if a change in ownership of a consolidated subsidiary results in a loss of control and deconsolidation , any retained ownership interests are remeasured at fair value with the gain or loss reported in net income .in previous periods , noncontrolling interests for operating subsidiaries were reported in other general expenses in the consolidated statements of income .prior period amounts have been restated to conform to the current year 2019s presentation .the principal effect on the prior years 2019 balance sheets related to the adoption of the new guidance related to noncontrolling interests is summarized as follows ( in millions ) : . as of december 31 | 2008 | 2007
equity as previously reported | $ 5310 | $ 6221
increase for reclassification of non-controlling interests | 105 | 40
equity as adjusted | $ 5415 | $ 6261 the revised principle also requires that net income be adjusted to include the net income attributable to the noncontrolling interests and a new separate caption for net income attributable to aon stockholders be presented in the consolidated statements of income .the adoption of this new guidance increased net income by $ 16 million and $ 13 million for 2008 and 2007 , respectively .net .
Question: what was the reclassification of non-controlling interests in 2008?
Steps: Ask for number 105
Answer: 105.0
Question: and what was it in 2007?
Steps: Ask for number 40
Answer: 40.0
Question: what was, then, the change over the year?
| convfinqa1937 |
the company recognizes the effect of income tax positions only if sustaining those positions is more likely than not .changes in recognition or measurement are reflected in the period in which a change in judgment occurs .the company records penalties and interest related to unrecognized tax benefits in income taxes in the company 2019s consolidated statements of income .changes in accounting principles business combinations and noncontrolling interests on january 1 , 2009 , the company adopted revised principles related to business combinations and noncontrolling interests .the revised principle on business combinations applies to all transactions or other events in which an entity obtains control over one or more businesses .it requires an acquirer to recognize the assets acquired , the liabilities assumed , and any noncontrolling interest in the acquiree at the acquisition date , measured at their fair values as of that date .business combinations achieved in stages require recognition of the identifiable assets and liabilities , as well as the noncontrolling interest in the acquiree , at the full amounts of their fair values when control is obtained .this revision also changes the requirements for recognizing assets acquired and liabilities assumed arising from contingencies , and requires direct acquisition costs to be expensed .in addition , it provides certain changes to income tax accounting for business combinations which apply to both new and previously existing business combinations .in april 2009 , additional guidance was issued which revised certain business combination guidance related to accounting for contingent liabilities assumed in a business combination .the company has adopted this guidance in conjunction with the adoption of the revised principles related to business combinations .the adoption of the revised principles related to business combinations has not had a material impact on the consolidated financial statements .the revised principle related to noncontrolling interests establishes accounting and reporting standards for the noncontrolling interests in a subsidiary and for the deconsolidation of a subsidiary .the revised principle clarifies that a noncontrolling interest in a subsidiary is an ownership interest in the consolidated entity that should be reported as a separate component of equity in the consolidated statements of financial position .the revised principle requires retrospective adjustments , for all periods presented , of stockholders 2019 equity and net income for noncontrolling interests .in addition to these financial reporting changes , the revised principle provides for significant changes in accounting related to changes in ownership of noncontrolling interests .changes in aon 2019s controlling financial interests in consolidated subsidiaries that do not result in a loss of control are accounted for as equity transactions similar to treasury stock transactions .if a change in ownership of a consolidated subsidiary results in a loss of control and deconsolidation , any retained ownership interests are remeasured at fair value with the gain or loss reported in net income .in previous periods , noncontrolling interests for operating subsidiaries were reported in other general expenses in the consolidated statements of income .prior period amounts have been restated to conform to the current year 2019s presentation .the principal effect on the prior years 2019 balance sheets related to the adoption of the new guidance related to noncontrolling interests is summarized as follows ( in millions ) : . as of december 31 | 2008 | 2007
equity as previously reported | $ 5310 | $ 6221
increase for reclassification of non-controlling interests | 105 | 40
equity as adjusted | $ 5415 | $ 6261 the revised principle also requires that net income be adjusted to include the net income attributable to the noncontrolling interests and a new separate caption for net income attributable to aon stockholders be presented in the consolidated statements of income .the adoption of this new guidance increased net income by $ 16 million and $ 13 million for 2008 and 2007 , respectively .net .
Question: what was the reclassification of non-controlling interests in 2008?
Steps: Ask for number 105
Answer: 105.0
Question: and what was it in 2007?
Steps: Ask for number 40
Answer: 40.0
Question: what was, then, the change over the year?
Steps: subtract(105, 40)
Answer: 65.0
Question: what was the reclassification of non-controlling interests in 2007?
| 40.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
the company recognizes the effect of income tax positions only if sustaining those positions is more likely than not .changes in recognition or measurement are reflected in the period in which a change in judgment occurs .the company records penalties and interest related to unrecognized tax benefits in income taxes in the company 2019s consolidated statements of income .changes in accounting principles business combinations and noncontrolling interests on january 1 , 2009 , the company adopted revised principles related to business combinations and noncontrolling interests .the revised principle on business combinations applies to all transactions or other events in which an entity obtains control over one or more businesses .it requires an acquirer to recognize the assets acquired , the liabilities assumed , and any noncontrolling interest in the acquiree at the acquisition date , measured at their fair values as of that date .business combinations achieved in stages require recognition of the identifiable assets and liabilities , as well as the noncontrolling interest in the acquiree , at the full amounts of their fair values when control is obtained .this revision also changes the requirements for recognizing assets acquired and liabilities assumed arising from contingencies , and requires direct acquisition costs to be expensed .in addition , it provides certain changes to income tax accounting for business combinations which apply to both new and previously existing business combinations .in april 2009 , additional guidance was issued which revised certain business combination guidance related to accounting for contingent liabilities assumed in a business combination .the company has adopted this guidance in conjunction with the adoption of the revised principles related to business combinations .the adoption of the revised principles related to business combinations has not had a material impact on the consolidated financial statements .the revised principle related to noncontrolling interests establishes accounting and reporting standards for the noncontrolling interests in a subsidiary and for the deconsolidation of a subsidiary .the revised principle clarifies that a noncontrolling interest in a subsidiary is an ownership interest in the consolidated entity that should be reported as a separate component of equity in the consolidated statements of financial position .the revised principle requires retrospective adjustments , for all periods presented , of stockholders 2019 equity and net income for noncontrolling interests .in addition to these financial reporting changes , the revised principle provides for significant changes in accounting related to changes in ownership of noncontrolling interests .changes in aon 2019s controlling financial interests in consolidated subsidiaries that do not result in a loss of control are accounted for as equity transactions similar to treasury stock transactions .if a change in ownership of a consolidated subsidiary results in a loss of control and deconsolidation , any retained ownership interests are remeasured at fair value with the gain or loss reported in net income .in previous periods , noncontrolling interests for operating subsidiaries were reported in other general expenses in the consolidated statements of income .prior period amounts have been restated to conform to the current year 2019s presentation .the principal effect on the prior years 2019 balance sheets related to the adoption of the new guidance related to noncontrolling interests is summarized as follows ( in millions ) : . as of december 31 | 2008 | 2007
equity as previously reported | $ 5310 | $ 6221
increase for reclassification of non-controlling interests | 105 | 40
equity as adjusted | $ 5415 | $ 6261 the revised principle also requires that net income be adjusted to include the net income attributable to the noncontrolling interests and a new separate caption for net income attributable to aon stockholders be presented in the consolidated statements of income .the adoption of this new guidance increased net income by $ 16 million and $ 13 million for 2008 and 2007 , respectively .net .
Question: what was the reclassification of non-controlling interests in 2008?
Steps: Ask for number 105
Answer: 105.0
Question: and what was it in 2007?
Steps: Ask for number 40
Answer: 40.0
Question: what was, then, the change over the year?
Steps: subtract(105, 40)
Answer: 65.0
Question: what was the reclassification of non-controlling interests in 2007?
| convfinqa1938 |
the company recognizes the effect of income tax positions only if sustaining those positions is more likely than not .changes in recognition or measurement are reflected in the period in which a change in judgment occurs .the company records penalties and interest related to unrecognized tax benefits in income taxes in the company 2019s consolidated statements of income .changes in accounting principles business combinations and noncontrolling interests on january 1 , 2009 , the company adopted revised principles related to business combinations and noncontrolling interests .the revised principle on business combinations applies to all transactions or other events in which an entity obtains control over one or more businesses .it requires an acquirer to recognize the assets acquired , the liabilities assumed , and any noncontrolling interest in the acquiree at the acquisition date , measured at their fair values as of that date .business combinations achieved in stages require recognition of the identifiable assets and liabilities , as well as the noncontrolling interest in the acquiree , at the full amounts of their fair values when control is obtained .this revision also changes the requirements for recognizing assets acquired and liabilities assumed arising from contingencies , and requires direct acquisition costs to be expensed .in addition , it provides certain changes to income tax accounting for business combinations which apply to both new and previously existing business combinations .in april 2009 , additional guidance was issued which revised certain business combination guidance related to accounting for contingent liabilities assumed in a business combination .the company has adopted this guidance in conjunction with the adoption of the revised principles related to business combinations .the adoption of the revised principles related to business combinations has not had a material impact on the consolidated financial statements .the revised principle related to noncontrolling interests establishes accounting and reporting standards for the noncontrolling interests in a subsidiary and for the deconsolidation of a subsidiary .the revised principle clarifies that a noncontrolling interest in a subsidiary is an ownership interest in the consolidated entity that should be reported as a separate component of equity in the consolidated statements of financial position .the revised principle requires retrospective adjustments , for all periods presented , of stockholders 2019 equity and net income for noncontrolling interests .in addition to these financial reporting changes , the revised principle provides for significant changes in accounting related to changes in ownership of noncontrolling interests .changes in aon 2019s controlling financial interests in consolidated subsidiaries that do not result in a loss of control are accounted for as equity transactions similar to treasury stock transactions .if a change in ownership of a consolidated subsidiary results in a loss of control and deconsolidation , any retained ownership interests are remeasured at fair value with the gain or loss reported in net income .in previous periods , noncontrolling interests for operating subsidiaries were reported in other general expenses in the consolidated statements of income .prior period amounts have been restated to conform to the current year 2019s presentation .the principal effect on the prior years 2019 balance sheets related to the adoption of the new guidance related to noncontrolling interests is summarized as follows ( in millions ) : . as of december 31 | 2008 | 2007
equity as previously reported | $ 5310 | $ 6221
increase for reclassification of non-controlling interests | 105 | 40
equity as adjusted | $ 5415 | $ 6261 the revised principle also requires that net income be adjusted to include the net income attributable to the noncontrolling interests and a new separate caption for net income attributable to aon stockholders be presented in the consolidated statements of income .the adoption of this new guidance increased net income by $ 16 million and $ 13 million for 2008 and 2007 , respectively .net .
Question: what was the reclassification of non-controlling interests in 2008?
Steps: Ask for number 105
Answer: 105.0
Question: and what was it in 2007?
Steps: Ask for number 40
Answer: 40.0
Question: what was, then, the change over the year?
Steps: subtract(105, 40)
Answer: 65.0
Question: what was the reclassification of non-controlling interests in 2007?
Steps: Ask for number 40
Answer: 40.0
Question: and how much does that change represent in relation to this 2007 value, in percentage?
| 1.625 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
the company recognizes the effect of income tax positions only if sustaining those positions is more likely than not .changes in recognition or measurement are reflected in the period in which a change in judgment occurs .the company records penalties and interest related to unrecognized tax benefits in income taxes in the company 2019s consolidated statements of income .changes in accounting principles business combinations and noncontrolling interests on january 1 , 2009 , the company adopted revised principles related to business combinations and noncontrolling interests .the revised principle on business combinations applies to all transactions or other events in which an entity obtains control over one or more businesses .it requires an acquirer to recognize the assets acquired , the liabilities assumed , and any noncontrolling interest in the acquiree at the acquisition date , measured at their fair values as of that date .business combinations achieved in stages require recognition of the identifiable assets and liabilities , as well as the noncontrolling interest in the acquiree , at the full amounts of their fair values when control is obtained .this revision also changes the requirements for recognizing assets acquired and liabilities assumed arising from contingencies , and requires direct acquisition costs to be expensed .in addition , it provides certain changes to income tax accounting for business combinations which apply to both new and previously existing business combinations .in april 2009 , additional guidance was issued which revised certain business combination guidance related to accounting for contingent liabilities assumed in a business combination .the company has adopted this guidance in conjunction with the adoption of the revised principles related to business combinations .the adoption of the revised principles related to business combinations has not had a material impact on the consolidated financial statements .the revised principle related to noncontrolling interests establishes accounting and reporting standards for the noncontrolling interests in a subsidiary and for the deconsolidation of a subsidiary .the revised principle clarifies that a noncontrolling interest in a subsidiary is an ownership interest in the consolidated entity that should be reported as a separate component of equity in the consolidated statements of financial position .the revised principle requires retrospective adjustments , for all periods presented , of stockholders 2019 equity and net income for noncontrolling interests .in addition to these financial reporting changes , the revised principle provides for significant changes in accounting related to changes in ownership of noncontrolling interests .changes in aon 2019s controlling financial interests in consolidated subsidiaries that do not result in a loss of control are accounted for as equity transactions similar to treasury stock transactions .if a change in ownership of a consolidated subsidiary results in a loss of control and deconsolidation , any retained ownership interests are remeasured at fair value with the gain or loss reported in net income .in previous periods , noncontrolling interests for operating subsidiaries were reported in other general expenses in the consolidated statements of income .prior period amounts have been restated to conform to the current year 2019s presentation .the principal effect on the prior years 2019 balance sheets related to the adoption of the new guidance related to noncontrolling interests is summarized as follows ( in millions ) : . as of december 31 | 2008 | 2007
equity as previously reported | $ 5310 | $ 6221
increase for reclassification of non-controlling interests | 105 | 40
equity as adjusted | $ 5415 | $ 6261 the revised principle also requires that net income be adjusted to include the net income attributable to the noncontrolling interests and a new separate caption for net income attributable to aon stockholders be presented in the consolidated statements of income .the adoption of this new guidance increased net income by $ 16 million and $ 13 million for 2008 and 2007 , respectively .net .
Question: what was the reclassification of non-controlling interests in 2008?
Steps: Ask for number 105
Answer: 105.0
Question: and what was it in 2007?
Steps: Ask for number 40
Answer: 40.0
Question: what was, then, the change over the year?
Steps: subtract(105, 40)
Answer: 65.0
Question: what was the reclassification of non-controlling interests in 2007?
Steps: Ask for number 40
Answer: 40.0
Question: and how much does that change represent in relation to this 2007 value, in percentage?
| convfinqa1939 |
advance auto parts , inc .schedule ii - valuation and qualifying accounts ( in thousands ) allowance for doubtful accounts receivable : balance at beginning of period charges to expenses deductions balance at end of period january 3 , 2015 $ 13295 $ 17182 $ ( 14325 ) ( 1 ) $ 16152 january 2 , 2016 16152 22067 ( 12461 ) ( 1 ) 25758 december 31 , 2016 25758 24597 ( 21191 ) ( 1 ) 29164 ( 1 ) accounts written off during the period .these amounts did not impact the company 2019s statement of operations for any year presented .note : other valuation and qualifying accounts have not been reported in this schedule because they are either not applicable or because the information has been included elsewhere in this report. . allowance for doubtful accounts receivable: | balance atbeginningof period | charges toexpenses | deductions | | balance atend ofperiod
january 3 2015 | $ 13295 | $ 17182 | $ -14325 ( 14325 ) | -1 ( 1 ) | $ 16152
january 2 2016 | 16152 | 22067 | -12461 ( 12461 ) | -1 ( 1 ) | 25758
december 31 2016 | 25758 | 24597 | -21191 ( 21191 ) | -1 ( 1 ) | 29164 advance auto parts , inc .schedule ii - valuation and qualifying accounts ( in thousands ) allowance for doubtful accounts receivable : balance at beginning of period charges to expenses deductions balance at end of period january 3 , 2015 $ 13295 $ 17182 $ ( 14325 ) ( 1 ) $ 16152 january 2 , 2016 16152 22067 ( 12461 ) ( 1 ) 25758 december 31 , 2016 25758 24597 ( 21191 ) ( 1 ) 29164 ( 1 ) accounts written off during the period .these amounts did not impact the company 2019s statement of operations for any year presented .note : other valuation and qualifying accounts have not been reported in this schedule because they are either not applicable or because the information has been included elsewhere in this report. .
Question: what is the net change in the balance of allowance for doubtful accounts receivable during 2015?
| 2857.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
advance auto parts , inc .schedule ii - valuation and qualifying accounts ( in thousands ) allowance for doubtful accounts receivable : balance at beginning of period charges to expenses deductions balance at end of period january 3 , 2015 $ 13295 $ 17182 $ ( 14325 ) ( 1 ) $ 16152 january 2 , 2016 16152 22067 ( 12461 ) ( 1 ) 25758 december 31 , 2016 25758 24597 ( 21191 ) ( 1 ) 29164 ( 1 ) accounts written off during the period .these amounts did not impact the company 2019s statement of operations for any year presented .note : other valuation and qualifying accounts have not been reported in this schedule because they are either not applicable or because the information has been included elsewhere in this report. . allowance for doubtful accounts receivable: | balance atbeginningof period | charges toexpenses | deductions | | balance atend ofperiod
january 3 2015 | $ 13295 | $ 17182 | $ -14325 ( 14325 ) | -1 ( 1 ) | $ 16152
january 2 2016 | 16152 | 22067 | -12461 ( 12461 ) | -1 ( 1 ) | 25758
december 31 2016 | 25758 | 24597 | -21191 ( 21191 ) | -1 ( 1 ) | 29164 advance auto parts , inc .schedule ii - valuation and qualifying accounts ( in thousands ) allowance for doubtful accounts receivable : balance at beginning of period charges to expenses deductions balance at end of period january 3 , 2015 $ 13295 $ 17182 $ ( 14325 ) ( 1 ) $ 16152 january 2 , 2016 16152 22067 ( 12461 ) ( 1 ) 25758 december 31 , 2016 25758 24597 ( 21191 ) ( 1 ) 29164 ( 1 ) accounts written off during the period .these amounts did not impact the company 2019s statement of operations for any year presented .note : other valuation and qualifying accounts have not been reported in this schedule because they are either not applicable or because the information has been included elsewhere in this report. .
Question: what is the net change in the balance of allowance for doubtful accounts receivable during 2015?
| convfinqa1940 |
advance auto parts , inc .schedule ii - valuation and qualifying accounts ( in thousands ) allowance for doubtful accounts receivable : balance at beginning of period charges to expenses deductions balance at end of period january 3 , 2015 $ 13295 $ 17182 $ ( 14325 ) ( 1 ) $ 16152 january 2 , 2016 16152 22067 ( 12461 ) ( 1 ) 25758 december 31 , 2016 25758 24597 ( 21191 ) ( 1 ) 29164 ( 1 ) accounts written off during the period .these amounts did not impact the company 2019s statement of operations for any year presented .note : other valuation and qualifying accounts have not been reported in this schedule because they are either not applicable or because the information has been included elsewhere in this report. . allowance for doubtful accounts receivable: | balance atbeginningof period | charges toexpenses | deductions | | balance atend ofperiod
january 3 2015 | $ 13295 | $ 17182 | $ -14325 ( 14325 ) | -1 ( 1 ) | $ 16152
january 2 2016 | 16152 | 22067 | -12461 ( 12461 ) | -1 ( 1 ) | 25758
december 31 2016 | 25758 | 24597 | -21191 ( 21191 ) | -1 ( 1 ) | 29164 advance auto parts , inc .schedule ii - valuation and qualifying accounts ( in thousands ) allowance for doubtful accounts receivable : balance at beginning of period charges to expenses deductions balance at end of period january 3 , 2015 $ 13295 $ 17182 $ ( 14325 ) ( 1 ) $ 16152 january 2 , 2016 16152 22067 ( 12461 ) ( 1 ) 25758 december 31 , 2016 25758 24597 ( 21191 ) ( 1 ) 29164 ( 1 ) accounts written off during the period .these amounts did not impact the company 2019s statement of operations for any year presented .note : other valuation and qualifying accounts have not been reported in this schedule because they are either not applicable or because the information has been included elsewhere in this report. .
Question: what is the net change in the balance of allowance for doubtful accounts receivable during 2015?
Steps: subtract(16152, 13295)
Answer: 2857.0
Question: what percentage change does this represent?
| 0.21489 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
advance auto parts , inc .schedule ii - valuation and qualifying accounts ( in thousands ) allowance for doubtful accounts receivable : balance at beginning of period charges to expenses deductions balance at end of period january 3 , 2015 $ 13295 $ 17182 $ ( 14325 ) ( 1 ) $ 16152 january 2 , 2016 16152 22067 ( 12461 ) ( 1 ) 25758 december 31 , 2016 25758 24597 ( 21191 ) ( 1 ) 29164 ( 1 ) accounts written off during the period .these amounts did not impact the company 2019s statement of operations for any year presented .note : other valuation and qualifying accounts have not been reported in this schedule because they are either not applicable or because the information has been included elsewhere in this report. . allowance for doubtful accounts receivable: | balance atbeginningof period | charges toexpenses | deductions | | balance atend ofperiod
january 3 2015 | $ 13295 | $ 17182 | $ -14325 ( 14325 ) | -1 ( 1 ) | $ 16152
january 2 2016 | 16152 | 22067 | -12461 ( 12461 ) | -1 ( 1 ) | 25758
december 31 2016 | 25758 | 24597 | -21191 ( 21191 ) | -1 ( 1 ) | 29164 advance auto parts , inc .schedule ii - valuation and qualifying accounts ( in thousands ) allowance for doubtful accounts receivable : balance at beginning of period charges to expenses deductions balance at end of period january 3 , 2015 $ 13295 $ 17182 $ ( 14325 ) ( 1 ) $ 16152 january 2 , 2016 16152 22067 ( 12461 ) ( 1 ) 25758 december 31 , 2016 25758 24597 ( 21191 ) ( 1 ) 29164 ( 1 ) accounts written off during the period .these amounts did not impact the company 2019s statement of operations for any year presented .note : other valuation and qualifying accounts have not been reported in this schedule because they are either not applicable or because the information has been included elsewhere in this report. .
Question: what is the net change in the balance of allowance for doubtful accounts receivable during 2015?
Steps: subtract(16152, 13295)
Answer: 2857.0
Question: what percentage change does this represent?
| convfinqa1941 |
for purposes of determining entergy corporation's relative performance for the 2006-2008 period , the committee used the philadelphia utility index as the peer group .based on market data and the recommendation of management , the committee compared entergy corporation's total shareholder return against the total shareholder return of the companies that comprised the philadelphia utility index .based on a comparison of entergy corporation's performance relative to the philadelphia utility index as described above , the committee concluded that entergy corporation had exceeded the performance targets for the 2006-2008 performance cycle with entergy finishing in the first quartile which resulted in a payment of 250% ( 250 % ) of target ( the maximum amount payable ) .each performance unit was then automatically converted into cash at the rate of $ 83.13 per unit , the closing price of entergy corporation common stock on the last trading day of the performance cycle ( december 31 , 2008 ) , plus dividend equivalents accrued over the three-year performance cycle .see the 2008 option exercises and stock vested table for the amount paid to each of the named executive officers for the 2006-2008 performance unit cycle .stock options the personnel committee and in the case of the named executive officers ( other than mr .leonard , mr .denault and mr .smith ) , entergy's chief executive officer and the named executive officer's supervisor consider several factors in determining the amount of stock options it will grant under entergy's equity ownership plans to the named executive officers , including : individual performance ; prevailing market practice in stock option grants ; the targeted long-term value created by the use of stock options ; the number of participants eligible for stock options , and the resulting "burn rate" ( i.e. , the number of stock options authorized divided by the total number of shares outstanding ) to assess the potential dilutive effect ; and the committee's assessment of other elements of compensation provided to the named executive officer for stock option awards to the named executive officers ( other than mr .leonard ) , the committee's assessment of individual performance of each named executive officer done in consultation with entergy corporation's chief executive officer is the most important factor in determining the number of options awarded .the following table sets forth the number of stock options granted to each named executive officer in 2008 .the exercise price for each option was $ 108.20 , which was the closing fair market value of entergy corporation common stock on the date of grant. . named exeutive officer | stock options
j . wayne leonard | 175000
leo p . denault | 50000
richard j . smith | 35000
e . renae conley | 15600
hugh t . mcdonald | 7000
haley fisackerly | 5000
joseph f . domino | 7000
roderick k . west | 8000
theodore h . bunting jr . | 18000
carolyn shanks | 7000 the option grants awarded to the named executive officers ( other than mr .leonard and mr .lewis ) ranged in amount between 5000 and 50000 shares .mr .lewis did not receive any stock option awards in 2008 .in the case of mr .leonard , who received 175000 stock options , the committee took special note of his performance as entergy corporation's chief executive officer .among other things , the committee noted that .
Question: what is the total value of stock options for leo p. denault?
| 5410000.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
for purposes of determining entergy corporation's relative performance for the 2006-2008 period , the committee used the philadelphia utility index as the peer group .based on market data and the recommendation of management , the committee compared entergy corporation's total shareholder return against the total shareholder return of the companies that comprised the philadelphia utility index .based on a comparison of entergy corporation's performance relative to the philadelphia utility index as described above , the committee concluded that entergy corporation had exceeded the performance targets for the 2006-2008 performance cycle with entergy finishing in the first quartile which resulted in a payment of 250% ( 250 % ) of target ( the maximum amount payable ) .each performance unit was then automatically converted into cash at the rate of $ 83.13 per unit , the closing price of entergy corporation common stock on the last trading day of the performance cycle ( december 31 , 2008 ) , plus dividend equivalents accrued over the three-year performance cycle .see the 2008 option exercises and stock vested table for the amount paid to each of the named executive officers for the 2006-2008 performance unit cycle .stock options the personnel committee and in the case of the named executive officers ( other than mr .leonard , mr .denault and mr .smith ) , entergy's chief executive officer and the named executive officer's supervisor consider several factors in determining the amount of stock options it will grant under entergy's equity ownership plans to the named executive officers , including : individual performance ; prevailing market practice in stock option grants ; the targeted long-term value created by the use of stock options ; the number of participants eligible for stock options , and the resulting "burn rate" ( i.e. , the number of stock options authorized divided by the total number of shares outstanding ) to assess the potential dilutive effect ; and the committee's assessment of other elements of compensation provided to the named executive officer for stock option awards to the named executive officers ( other than mr .leonard ) , the committee's assessment of individual performance of each named executive officer done in consultation with entergy corporation's chief executive officer is the most important factor in determining the number of options awarded .the following table sets forth the number of stock options granted to each named executive officer in 2008 .the exercise price for each option was $ 108.20 , which was the closing fair market value of entergy corporation common stock on the date of grant. . named exeutive officer | stock options
j . wayne leonard | 175000
leo p . denault | 50000
richard j . smith | 35000
e . renae conley | 15600
hugh t . mcdonald | 7000
haley fisackerly | 5000
joseph f . domino | 7000
roderick k . west | 8000
theodore h . bunting jr . | 18000
carolyn shanks | 7000 the option grants awarded to the named executive officers ( other than mr .leonard and mr .lewis ) ranged in amount between 5000 and 50000 shares .mr .lewis did not receive any stock option awards in 2008 .in the case of mr .leonard , who received 175000 stock options , the committee took special note of his performance as entergy corporation's chief executive officer .among other things , the committee noted that .
Question: what is the total value of stock options for leo p. denault?
| convfinqa1942 |
for purposes of determining entergy corporation's relative performance for the 2006-2008 period , the committee used the philadelphia utility index as the peer group .based on market data and the recommendation of management , the committee compared entergy corporation's total shareholder return against the total shareholder return of the companies that comprised the philadelphia utility index .based on a comparison of entergy corporation's performance relative to the philadelphia utility index as described above , the committee concluded that entergy corporation had exceeded the performance targets for the 2006-2008 performance cycle with entergy finishing in the first quartile which resulted in a payment of 250% ( 250 % ) of target ( the maximum amount payable ) .each performance unit was then automatically converted into cash at the rate of $ 83.13 per unit , the closing price of entergy corporation common stock on the last trading day of the performance cycle ( december 31 , 2008 ) , plus dividend equivalents accrued over the three-year performance cycle .see the 2008 option exercises and stock vested table for the amount paid to each of the named executive officers for the 2006-2008 performance unit cycle .stock options the personnel committee and in the case of the named executive officers ( other than mr .leonard , mr .denault and mr .smith ) , entergy's chief executive officer and the named executive officer's supervisor consider several factors in determining the amount of stock options it will grant under entergy's equity ownership plans to the named executive officers , including : individual performance ; prevailing market practice in stock option grants ; the targeted long-term value created by the use of stock options ; the number of participants eligible for stock options , and the resulting "burn rate" ( i.e. , the number of stock options authorized divided by the total number of shares outstanding ) to assess the potential dilutive effect ; and the committee's assessment of other elements of compensation provided to the named executive officer for stock option awards to the named executive officers ( other than mr .leonard ) , the committee's assessment of individual performance of each named executive officer done in consultation with entergy corporation's chief executive officer is the most important factor in determining the number of options awarded .the following table sets forth the number of stock options granted to each named executive officer in 2008 .the exercise price for each option was $ 108.20 , which was the closing fair market value of entergy corporation common stock on the date of grant. . named exeutive officer | stock options
j . wayne leonard | 175000
leo p . denault | 50000
richard j . smith | 35000
e . renae conley | 15600
hugh t . mcdonald | 7000
haley fisackerly | 5000
joseph f . domino | 7000
roderick k . west | 8000
theodore h . bunting jr . | 18000
carolyn shanks | 7000 the option grants awarded to the named executive officers ( other than mr .leonard and mr .lewis ) ranged in amount between 5000 and 50000 shares .mr .lewis did not receive any stock option awards in 2008 .in the case of mr .leonard , who received 175000 stock options , the committee took special note of his performance as entergy corporation's chief executive officer .among other things , the committee noted that .
Question: what is the total value of stock options for leo p. denault?
Steps: multiply(50000, 108.20)
Answer: 5410000.0
Question: what about in millions?
| 5.41 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
for purposes of determining entergy corporation's relative performance for the 2006-2008 period , the committee used the philadelphia utility index as the peer group .based on market data and the recommendation of management , the committee compared entergy corporation's total shareholder return against the total shareholder return of the companies that comprised the philadelphia utility index .based on a comparison of entergy corporation's performance relative to the philadelphia utility index as described above , the committee concluded that entergy corporation had exceeded the performance targets for the 2006-2008 performance cycle with entergy finishing in the first quartile which resulted in a payment of 250% ( 250 % ) of target ( the maximum amount payable ) .each performance unit was then automatically converted into cash at the rate of $ 83.13 per unit , the closing price of entergy corporation common stock on the last trading day of the performance cycle ( december 31 , 2008 ) , plus dividend equivalents accrued over the three-year performance cycle .see the 2008 option exercises and stock vested table for the amount paid to each of the named executive officers for the 2006-2008 performance unit cycle .stock options the personnel committee and in the case of the named executive officers ( other than mr .leonard , mr .denault and mr .smith ) , entergy's chief executive officer and the named executive officer's supervisor consider several factors in determining the amount of stock options it will grant under entergy's equity ownership plans to the named executive officers , including : individual performance ; prevailing market practice in stock option grants ; the targeted long-term value created by the use of stock options ; the number of participants eligible for stock options , and the resulting "burn rate" ( i.e. , the number of stock options authorized divided by the total number of shares outstanding ) to assess the potential dilutive effect ; and the committee's assessment of other elements of compensation provided to the named executive officer for stock option awards to the named executive officers ( other than mr .leonard ) , the committee's assessment of individual performance of each named executive officer done in consultation with entergy corporation's chief executive officer is the most important factor in determining the number of options awarded .the following table sets forth the number of stock options granted to each named executive officer in 2008 .the exercise price for each option was $ 108.20 , which was the closing fair market value of entergy corporation common stock on the date of grant. . named exeutive officer | stock options
j . wayne leonard | 175000
leo p . denault | 50000
richard j . smith | 35000
e . renae conley | 15600
hugh t . mcdonald | 7000
haley fisackerly | 5000
joseph f . domino | 7000
roderick k . west | 8000
theodore h . bunting jr . | 18000
carolyn shanks | 7000 the option grants awarded to the named executive officers ( other than mr .leonard and mr .lewis ) ranged in amount between 5000 and 50000 shares .mr .lewis did not receive any stock option awards in 2008 .in the case of mr .leonard , who received 175000 stock options , the committee took special note of his performance as entergy corporation's chief executive officer .among other things , the committee noted that .
Question: what is the total value of stock options for leo p. denault?
Steps: multiply(50000, 108.20)
Answer: 5410000.0
Question: what about in millions?
| convfinqa1943 |
for purposes of determining entergy corporation's relative performance for the 2006-2008 period , the committee used the philadelphia utility index as the peer group .based on market data and the recommendation of management , the committee compared entergy corporation's total shareholder return against the total shareholder return of the companies that comprised the philadelphia utility index .based on a comparison of entergy corporation's performance relative to the philadelphia utility index as described above , the committee concluded that entergy corporation had exceeded the performance targets for the 2006-2008 performance cycle with entergy finishing in the first quartile which resulted in a payment of 250% ( 250 % ) of target ( the maximum amount payable ) .each performance unit was then automatically converted into cash at the rate of $ 83.13 per unit , the closing price of entergy corporation common stock on the last trading day of the performance cycle ( december 31 , 2008 ) , plus dividend equivalents accrued over the three-year performance cycle .see the 2008 option exercises and stock vested table for the amount paid to each of the named executive officers for the 2006-2008 performance unit cycle .stock options the personnel committee and in the case of the named executive officers ( other than mr .leonard , mr .denault and mr .smith ) , entergy's chief executive officer and the named executive officer's supervisor consider several factors in determining the amount of stock options it will grant under entergy's equity ownership plans to the named executive officers , including : individual performance ; prevailing market practice in stock option grants ; the targeted long-term value created by the use of stock options ; the number of participants eligible for stock options , and the resulting "burn rate" ( i.e. , the number of stock options authorized divided by the total number of shares outstanding ) to assess the potential dilutive effect ; and the committee's assessment of other elements of compensation provided to the named executive officer for stock option awards to the named executive officers ( other than mr .leonard ) , the committee's assessment of individual performance of each named executive officer done in consultation with entergy corporation's chief executive officer is the most important factor in determining the number of options awarded .the following table sets forth the number of stock options granted to each named executive officer in 2008 .the exercise price for each option was $ 108.20 , which was the closing fair market value of entergy corporation common stock on the date of grant. . named exeutive officer | stock options
j . wayne leonard | 175000
leo p . denault | 50000
richard j . smith | 35000
e . renae conley | 15600
hugh t . mcdonald | 7000
haley fisackerly | 5000
joseph f . domino | 7000
roderick k . west | 8000
theodore h . bunting jr . | 18000
carolyn shanks | 7000 the option grants awarded to the named executive officers ( other than mr .leonard and mr .lewis ) ranged in amount between 5000 and 50000 shares .mr .lewis did not receive any stock option awards in 2008 .in the case of mr .leonard , who received 175000 stock options , the committee took special note of his performance as entergy corporation's chief executive officer .among other things , the committee noted that .
Question: what is the total value of stock options for leo p. denault?
Steps: multiply(50000, 108.20)
Answer: 5410000.0
Question: what about in millions?
Steps: divide(#0, const_1000000)
Answer: 5.41
Question: what about the total value for j. wayne leonard?
| 18935000.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
for purposes of determining entergy corporation's relative performance for the 2006-2008 period , the committee used the philadelphia utility index as the peer group .based on market data and the recommendation of management , the committee compared entergy corporation's total shareholder return against the total shareholder return of the companies that comprised the philadelphia utility index .based on a comparison of entergy corporation's performance relative to the philadelphia utility index as described above , the committee concluded that entergy corporation had exceeded the performance targets for the 2006-2008 performance cycle with entergy finishing in the first quartile which resulted in a payment of 250% ( 250 % ) of target ( the maximum amount payable ) .each performance unit was then automatically converted into cash at the rate of $ 83.13 per unit , the closing price of entergy corporation common stock on the last trading day of the performance cycle ( december 31 , 2008 ) , plus dividend equivalents accrued over the three-year performance cycle .see the 2008 option exercises and stock vested table for the amount paid to each of the named executive officers for the 2006-2008 performance unit cycle .stock options the personnel committee and in the case of the named executive officers ( other than mr .leonard , mr .denault and mr .smith ) , entergy's chief executive officer and the named executive officer's supervisor consider several factors in determining the amount of stock options it will grant under entergy's equity ownership plans to the named executive officers , including : individual performance ; prevailing market practice in stock option grants ; the targeted long-term value created by the use of stock options ; the number of participants eligible for stock options , and the resulting "burn rate" ( i.e. , the number of stock options authorized divided by the total number of shares outstanding ) to assess the potential dilutive effect ; and the committee's assessment of other elements of compensation provided to the named executive officer for stock option awards to the named executive officers ( other than mr .leonard ) , the committee's assessment of individual performance of each named executive officer done in consultation with entergy corporation's chief executive officer is the most important factor in determining the number of options awarded .the following table sets forth the number of stock options granted to each named executive officer in 2008 .the exercise price for each option was $ 108.20 , which was the closing fair market value of entergy corporation common stock on the date of grant. . named exeutive officer | stock options
j . wayne leonard | 175000
leo p . denault | 50000
richard j . smith | 35000
e . renae conley | 15600
hugh t . mcdonald | 7000
haley fisackerly | 5000
joseph f . domino | 7000
roderick k . west | 8000
theodore h . bunting jr . | 18000
carolyn shanks | 7000 the option grants awarded to the named executive officers ( other than mr .leonard and mr .lewis ) ranged in amount between 5000 and 50000 shares .mr .lewis did not receive any stock option awards in 2008 .in the case of mr .leonard , who received 175000 stock options , the committee took special note of his performance as entergy corporation's chief executive officer .among other things , the committee noted that .
Question: what is the total value of stock options for leo p. denault?
Steps: multiply(50000, 108.20)
Answer: 5410000.0
Question: what about in millions?
Steps: divide(#0, const_1000000)
Answer: 5.41
Question: what about the total value for j. wayne leonard?
| convfinqa1944 |
for purposes of determining entergy corporation's relative performance for the 2006-2008 period , the committee used the philadelphia utility index as the peer group .based on market data and the recommendation of management , the committee compared entergy corporation's total shareholder return against the total shareholder return of the companies that comprised the philadelphia utility index .based on a comparison of entergy corporation's performance relative to the philadelphia utility index as described above , the committee concluded that entergy corporation had exceeded the performance targets for the 2006-2008 performance cycle with entergy finishing in the first quartile which resulted in a payment of 250% ( 250 % ) of target ( the maximum amount payable ) .each performance unit was then automatically converted into cash at the rate of $ 83.13 per unit , the closing price of entergy corporation common stock on the last trading day of the performance cycle ( december 31 , 2008 ) , plus dividend equivalents accrued over the three-year performance cycle .see the 2008 option exercises and stock vested table for the amount paid to each of the named executive officers for the 2006-2008 performance unit cycle .stock options the personnel committee and in the case of the named executive officers ( other than mr .leonard , mr .denault and mr .smith ) , entergy's chief executive officer and the named executive officer's supervisor consider several factors in determining the amount of stock options it will grant under entergy's equity ownership plans to the named executive officers , including : individual performance ; prevailing market practice in stock option grants ; the targeted long-term value created by the use of stock options ; the number of participants eligible for stock options , and the resulting "burn rate" ( i.e. , the number of stock options authorized divided by the total number of shares outstanding ) to assess the potential dilutive effect ; and the committee's assessment of other elements of compensation provided to the named executive officer for stock option awards to the named executive officers ( other than mr .leonard ) , the committee's assessment of individual performance of each named executive officer done in consultation with entergy corporation's chief executive officer is the most important factor in determining the number of options awarded .the following table sets forth the number of stock options granted to each named executive officer in 2008 .the exercise price for each option was $ 108.20 , which was the closing fair market value of entergy corporation common stock on the date of grant. . named exeutive officer | stock options
j . wayne leonard | 175000
leo p . denault | 50000
richard j . smith | 35000
e . renae conley | 15600
hugh t . mcdonald | 7000
haley fisackerly | 5000
joseph f . domino | 7000
roderick k . west | 8000
theodore h . bunting jr . | 18000
carolyn shanks | 7000 the option grants awarded to the named executive officers ( other than mr .leonard and mr .lewis ) ranged in amount between 5000 and 50000 shares .mr .lewis did not receive any stock option awards in 2008 .in the case of mr .leonard , who received 175000 stock options , the committee took special note of his performance as entergy corporation's chief executive officer .among other things , the committee noted that .
Question: what is the total value of stock options for leo p. denault?
Steps: multiply(50000, 108.20)
Answer: 5410000.0
Question: what about in millions?
Steps: divide(#0, const_1000000)
Answer: 5.41
Question: what about the total value for j. wayne leonard?
Steps: multiply(175000, 108.20)
Answer: 18935000.0
Question: what is the value in millions?
| 18.935 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
for purposes of determining entergy corporation's relative performance for the 2006-2008 period , the committee used the philadelphia utility index as the peer group .based on market data and the recommendation of management , the committee compared entergy corporation's total shareholder return against the total shareholder return of the companies that comprised the philadelphia utility index .based on a comparison of entergy corporation's performance relative to the philadelphia utility index as described above , the committee concluded that entergy corporation had exceeded the performance targets for the 2006-2008 performance cycle with entergy finishing in the first quartile which resulted in a payment of 250% ( 250 % ) of target ( the maximum amount payable ) .each performance unit was then automatically converted into cash at the rate of $ 83.13 per unit , the closing price of entergy corporation common stock on the last trading day of the performance cycle ( december 31 , 2008 ) , plus dividend equivalents accrued over the three-year performance cycle .see the 2008 option exercises and stock vested table for the amount paid to each of the named executive officers for the 2006-2008 performance unit cycle .stock options the personnel committee and in the case of the named executive officers ( other than mr .leonard , mr .denault and mr .smith ) , entergy's chief executive officer and the named executive officer's supervisor consider several factors in determining the amount of stock options it will grant under entergy's equity ownership plans to the named executive officers , including : individual performance ; prevailing market practice in stock option grants ; the targeted long-term value created by the use of stock options ; the number of participants eligible for stock options , and the resulting "burn rate" ( i.e. , the number of stock options authorized divided by the total number of shares outstanding ) to assess the potential dilutive effect ; and the committee's assessment of other elements of compensation provided to the named executive officer for stock option awards to the named executive officers ( other than mr .leonard ) , the committee's assessment of individual performance of each named executive officer done in consultation with entergy corporation's chief executive officer is the most important factor in determining the number of options awarded .the following table sets forth the number of stock options granted to each named executive officer in 2008 .the exercise price for each option was $ 108.20 , which was the closing fair market value of entergy corporation common stock on the date of grant. . named exeutive officer | stock options
j . wayne leonard | 175000
leo p . denault | 50000
richard j . smith | 35000
e . renae conley | 15600
hugh t . mcdonald | 7000
haley fisackerly | 5000
joseph f . domino | 7000
roderick k . west | 8000
theodore h . bunting jr . | 18000
carolyn shanks | 7000 the option grants awarded to the named executive officers ( other than mr .leonard and mr .lewis ) ranged in amount between 5000 and 50000 shares .mr .lewis did not receive any stock option awards in 2008 .in the case of mr .leonard , who received 175000 stock options , the committee took special note of his performance as entergy corporation's chief executive officer .among other things , the committee noted that .
Question: what is the total value of stock options for leo p. denault?
Steps: multiply(50000, 108.20)
Answer: 5410000.0
Question: what about in millions?
Steps: divide(#0, const_1000000)
Answer: 5.41
Question: what about the total value for j. wayne leonard?
Steps: multiply(175000, 108.20)
Answer: 18935000.0
Question: what is the value in millions?
| convfinqa1945 |
devon energy corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) proved undeveloped reserves the following table presents the changes in our total proved undeveloped reserves during 2011 ( in mmboe ) . . | u.s . onshore | canada | north america
proved undeveloped reserves as of december 31 2010 | 411 | 420 | 831
extensions and discoveries | 118 | 30 | 148
revisions due to prices | -2 ( 2 ) | -14 ( 14 ) | -16 ( 16 )
revisions other than price | -56 ( 56 ) | 5 | -51 ( 51 )
conversion to proved developed reserves | -68 ( 68 ) | -62 ( 62 ) | -130 ( 130 )
proved undeveloped reserves as of december 31 2011 | 403 | 379 | 782 at december 31 , 2011 , devon had 782 mmboe of proved undeveloped reserves .this represents a 6% ( 6 % ) decrease as compared to 2010 and represents 26% ( 26 % ) of its total proved reserves .drilling activities increased devon 2019s proved undeveloped reserves 148 mmboe and resulted in the conversion of 130 mmboe , or 16% ( 16 % ) , of the 2010 proved undeveloped reserves to proved developed reserves .additionally , revisions other than price decreased devon 2019s proved undeveloped reserves 51 mmboe primarily due to its evaluation of certain u.s .onshore dry-gas areas , which it does not expect to develop in the next five years .the largest revisions relate to the dry-gas areas at carthage in east texas and the barnett shale in north texas .a significant amount of devon 2019s proved undeveloped reserves at the end of 2011 largely related to its jackfish operations .at december 31 , 2011 and 2010 , devon 2019s jackfish proved undeveloped reserves were 367 mmboe and 396 mmboe , respectively .development schedules for the jackfish reserves are primarily controlled by the need to keep the processing plants at their 35000 barrel daily facility capacity .processing plant capacity is controlled by factors such as total steam processing capacity , steam-oil ratios and air quality discharge permits .as a result , these reserves are classified as proved undeveloped for more than five years .currently , the development schedule for these reserves extends though the year 2025 .price revisions 2011 2014reserves decreased 21 mmboe due to lower gas prices and higher oil prices .the higher oil prices increased devon 2019s canadian royalty burden , which reduced devon 2019s oil reserves .2010 2014reserves increased 72 mmboe due to higher gas prices , partially offset by the effect of higher oil prices .the higher oil prices increased devon 2019s canadian royalty burden , which reduced devon 2019s oil reserves .of the 72 mmboe price revisions , 43 mmboe related to the barnett shale and 22 mmboe related to the rocky mountain area .2009 2014reserves increased 177 mmboe due to higher oil prices , partially offset by lower gas prices .the increase in oil reserves primarily related to devon 2019s jackfish thermal heavy oil reserves in canada .at the end of 2008 , 331 mmboe of reserves related to jackfish were not considered proved .however , due to higher prices , these reserves were considered proved as of december 31 , 2009 .significantly lower gas prices caused devon 2019s reserves to decrease 116 mmboe , which primarily related to its u.s .reserves .revisions other than price total revisions other than price for 2011 primarily related to devon 2019s evaluation of certain dry gas regions noted in the proved undeveloped reserves discussion above .total revisions other than price for 2010 and 2009 primarily related to devon 2019s drilling and development in the barnett shale. .
Question: what was the net change in value of total proved undeveloped reserves for u.s. onshore between 2010 and 2011?
| -8.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
devon energy corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) proved undeveloped reserves the following table presents the changes in our total proved undeveloped reserves during 2011 ( in mmboe ) . . | u.s . onshore | canada | north america
proved undeveloped reserves as of december 31 2010 | 411 | 420 | 831
extensions and discoveries | 118 | 30 | 148
revisions due to prices | -2 ( 2 ) | -14 ( 14 ) | -16 ( 16 )
revisions other than price | -56 ( 56 ) | 5 | -51 ( 51 )
conversion to proved developed reserves | -68 ( 68 ) | -62 ( 62 ) | -130 ( 130 )
proved undeveloped reserves as of december 31 2011 | 403 | 379 | 782 at december 31 , 2011 , devon had 782 mmboe of proved undeveloped reserves .this represents a 6% ( 6 % ) decrease as compared to 2010 and represents 26% ( 26 % ) of its total proved reserves .drilling activities increased devon 2019s proved undeveloped reserves 148 mmboe and resulted in the conversion of 130 mmboe , or 16% ( 16 % ) , of the 2010 proved undeveloped reserves to proved developed reserves .additionally , revisions other than price decreased devon 2019s proved undeveloped reserves 51 mmboe primarily due to its evaluation of certain u.s .onshore dry-gas areas , which it does not expect to develop in the next five years .the largest revisions relate to the dry-gas areas at carthage in east texas and the barnett shale in north texas .a significant amount of devon 2019s proved undeveloped reserves at the end of 2011 largely related to its jackfish operations .at december 31 , 2011 and 2010 , devon 2019s jackfish proved undeveloped reserves were 367 mmboe and 396 mmboe , respectively .development schedules for the jackfish reserves are primarily controlled by the need to keep the processing plants at their 35000 barrel daily facility capacity .processing plant capacity is controlled by factors such as total steam processing capacity , steam-oil ratios and air quality discharge permits .as a result , these reserves are classified as proved undeveloped for more than five years .currently , the development schedule for these reserves extends though the year 2025 .price revisions 2011 2014reserves decreased 21 mmboe due to lower gas prices and higher oil prices .the higher oil prices increased devon 2019s canadian royalty burden , which reduced devon 2019s oil reserves .2010 2014reserves increased 72 mmboe due to higher gas prices , partially offset by the effect of higher oil prices .the higher oil prices increased devon 2019s canadian royalty burden , which reduced devon 2019s oil reserves .of the 72 mmboe price revisions , 43 mmboe related to the barnett shale and 22 mmboe related to the rocky mountain area .2009 2014reserves increased 177 mmboe due to higher oil prices , partially offset by lower gas prices .the increase in oil reserves primarily related to devon 2019s jackfish thermal heavy oil reserves in canada .at the end of 2008 , 331 mmboe of reserves related to jackfish were not considered proved .however , due to higher prices , these reserves were considered proved as of december 31 , 2009 .significantly lower gas prices caused devon 2019s reserves to decrease 116 mmboe , which primarily related to its u.s .reserves .revisions other than price total revisions other than price for 2011 primarily related to devon 2019s evaluation of certain dry gas regions noted in the proved undeveloped reserves discussion above .total revisions other than price for 2010 and 2009 primarily related to devon 2019s drilling and development in the barnett shale. .
Question: what was the net change in value of total proved undeveloped reserves for u.s. onshore between 2010 and 2011?
| convfinqa1946 |
devon energy corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) proved undeveloped reserves the following table presents the changes in our total proved undeveloped reserves during 2011 ( in mmboe ) . . | u.s . onshore | canada | north america
proved undeveloped reserves as of december 31 2010 | 411 | 420 | 831
extensions and discoveries | 118 | 30 | 148
revisions due to prices | -2 ( 2 ) | -14 ( 14 ) | -16 ( 16 )
revisions other than price | -56 ( 56 ) | 5 | -51 ( 51 )
conversion to proved developed reserves | -68 ( 68 ) | -62 ( 62 ) | -130 ( 130 )
proved undeveloped reserves as of december 31 2011 | 403 | 379 | 782 at december 31 , 2011 , devon had 782 mmboe of proved undeveloped reserves .this represents a 6% ( 6 % ) decrease as compared to 2010 and represents 26% ( 26 % ) of its total proved reserves .drilling activities increased devon 2019s proved undeveloped reserves 148 mmboe and resulted in the conversion of 130 mmboe , or 16% ( 16 % ) , of the 2010 proved undeveloped reserves to proved developed reserves .additionally , revisions other than price decreased devon 2019s proved undeveloped reserves 51 mmboe primarily due to its evaluation of certain u.s .onshore dry-gas areas , which it does not expect to develop in the next five years .the largest revisions relate to the dry-gas areas at carthage in east texas and the barnett shale in north texas .a significant amount of devon 2019s proved undeveloped reserves at the end of 2011 largely related to its jackfish operations .at december 31 , 2011 and 2010 , devon 2019s jackfish proved undeveloped reserves were 367 mmboe and 396 mmboe , respectively .development schedules for the jackfish reserves are primarily controlled by the need to keep the processing plants at their 35000 barrel daily facility capacity .processing plant capacity is controlled by factors such as total steam processing capacity , steam-oil ratios and air quality discharge permits .as a result , these reserves are classified as proved undeveloped for more than five years .currently , the development schedule for these reserves extends though the year 2025 .price revisions 2011 2014reserves decreased 21 mmboe due to lower gas prices and higher oil prices .the higher oil prices increased devon 2019s canadian royalty burden , which reduced devon 2019s oil reserves .2010 2014reserves increased 72 mmboe due to higher gas prices , partially offset by the effect of higher oil prices .the higher oil prices increased devon 2019s canadian royalty burden , which reduced devon 2019s oil reserves .of the 72 mmboe price revisions , 43 mmboe related to the barnett shale and 22 mmboe related to the rocky mountain area .2009 2014reserves increased 177 mmboe due to higher oil prices , partially offset by lower gas prices .the increase in oil reserves primarily related to devon 2019s jackfish thermal heavy oil reserves in canada .at the end of 2008 , 331 mmboe of reserves related to jackfish were not considered proved .however , due to higher prices , these reserves were considered proved as of december 31 , 2009 .significantly lower gas prices caused devon 2019s reserves to decrease 116 mmboe , which primarily related to its u.s .reserves .revisions other than price total revisions other than price for 2011 primarily related to devon 2019s evaluation of certain dry gas regions noted in the proved undeveloped reserves discussion above .total revisions other than price for 2010 and 2009 primarily related to devon 2019s drilling and development in the barnett shale. .
Question: what was the net change in value of total proved undeveloped reserves for u.s. onshore between 2010 and 2011?
Steps: subtract(403, 411)
Answer: -8.0
Question: what was the percent change?
| -0.01946 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
devon energy corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) proved undeveloped reserves the following table presents the changes in our total proved undeveloped reserves during 2011 ( in mmboe ) . . | u.s . onshore | canada | north america
proved undeveloped reserves as of december 31 2010 | 411 | 420 | 831
extensions and discoveries | 118 | 30 | 148
revisions due to prices | -2 ( 2 ) | -14 ( 14 ) | -16 ( 16 )
revisions other than price | -56 ( 56 ) | 5 | -51 ( 51 )
conversion to proved developed reserves | -68 ( 68 ) | -62 ( 62 ) | -130 ( 130 )
proved undeveloped reserves as of december 31 2011 | 403 | 379 | 782 at december 31 , 2011 , devon had 782 mmboe of proved undeveloped reserves .this represents a 6% ( 6 % ) decrease as compared to 2010 and represents 26% ( 26 % ) of its total proved reserves .drilling activities increased devon 2019s proved undeveloped reserves 148 mmboe and resulted in the conversion of 130 mmboe , or 16% ( 16 % ) , of the 2010 proved undeveloped reserves to proved developed reserves .additionally , revisions other than price decreased devon 2019s proved undeveloped reserves 51 mmboe primarily due to its evaluation of certain u.s .onshore dry-gas areas , which it does not expect to develop in the next five years .the largest revisions relate to the dry-gas areas at carthage in east texas and the barnett shale in north texas .a significant amount of devon 2019s proved undeveloped reserves at the end of 2011 largely related to its jackfish operations .at december 31 , 2011 and 2010 , devon 2019s jackfish proved undeveloped reserves were 367 mmboe and 396 mmboe , respectively .development schedules for the jackfish reserves are primarily controlled by the need to keep the processing plants at their 35000 barrel daily facility capacity .processing plant capacity is controlled by factors such as total steam processing capacity , steam-oil ratios and air quality discharge permits .as a result , these reserves are classified as proved undeveloped for more than five years .currently , the development schedule for these reserves extends though the year 2025 .price revisions 2011 2014reserves decreased 21 mmboe due to lower gas prices and higher oil prices .the higher oil prices increased devon 2019s canadian royalty burden , which reduced devon 2019s oil reserves .2010 2014reserves increased 72 mmboe due to higher gas prices , partially offset by the effect of higher oil prices .the higher oil prices increased devon 2019s canadian royalty burden , which reduced devon 2019s oil reserves .of the 72 mmboe price revisions , 43 mmboe related to the barnett shale and 22 mmboe related to the rocky mountain area .2009 2014reserves increased 177 mmboe due to higher oil prices , partially offset by lower gas prices .the increase in oil reserves primarily related to devon 2019s jackfish thermal heavy oil reserves in canada .at the end of 2008 , 331 mmboe of reserves related to jackfish were not considered proved .however , due to higher prices , these reserves were considered proved as of december 31 , 2009 .significantly lower gas prices caused devon 2019s reserves to decrease 116 mmboe , which primarily related to its u.s .reserves .revisions other than price total revisions other than price for 2011 primarily related to devon 2019s evaluation of certain dry gas regions noted in the proved undeveloped reserves discussion above .total revisions other than price for 2010 and 2009 primarily related to devon 2019s drilling and development in the barnett shale. .
Question: what was the net change in value of total proved undeveloped reserves for u.s. onshore between 2010 and 2011?
Steps: subtract(403, 411)
Answer: -8.0
Question: what was the percent change?
| convfinqa1947 |
connection with this matter could have a material adverse impact on our consolidated cash flows and results of operations .item 4 .submission of matters to a vote of security holders on november 14 , 2008 , our stockholders voted to approve our merger with allied waste industries , inc .at a special meeting held for that purpose .results of the voting at that meeting are as follows: . | affirmative | against | abstentions
( 1 ) to issue shares of republic common stock and other securities convertible into or exercisable for shares of republic common stock contemplated by the agreement and plan of merger dated as of june 22 2008 as amended july 31 2008 among republic rs merger wedge inc a wholly owned subsidiary of republic formed for the purpose of the merger and allied waste industries inc . | 141728743 | 297976 | 156165
( 2 ) to adjourn the special meeting if necessary to solicit additional proxies in favor of the foregoing proposal | 134081897 | 8068370 | 32617 ( 1 ) to issue shares of republic common stock and other securities convertible into or exercisable for shares of republic common stock , contemplated by the agreement and plan of merger , dated as of june 22 , 2008 , as amended july 31 , 2008 , among republic , rs merger wedge , inc , a wholly owned subsidiary of republic , formed for the purpose of the merger , and allied waste industries , inc ...141728743 297976 156165 ( 2 ) to adjourn the special meeting , if necessary , to solicit additional proxies in favor of the foregoing proposal .................134081897 8068370 32617 %%transmsg*** transmitting job : p14076 pcn : 035000000 ***%%pcmsg|33 |00022|yes|no|02/28/2009 17:08|0|0|page is valid , no graphics -- color : d| .
Question: what was the total number of votes affirmative to issue shares of republic common stock and other securities convertible?
| 141728743.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
connection with this matter could have a material adverse impact on our consolidated cash flows and results of operations .item 4 .submission of matters to a vote of security holders on november 14 , 2008 , our stockholders voted to approve our merger with allied waste industries , inc .at a special meeting held for that purpose .results of the voting at that meeting are as follows: . | affirmative | against | abstentions
( 1 ) to issue shares of republic common stock and other securities convertible into or exercisable for shares of republic common stock contemplated by the agreement and plan of merger dated as of june 22 2008 as amended july 31 2008 among republic rs merger wedge inc a wholly owned subsidiary of republic formed for the purpose of the merger and allied waste industries inc . | 141728743 | 297976 | 156165
( 2 ) to adjourn the special meeting if necessary to solicit additional proxies in favor of the foregoing proposal | 134081897 | 8068370 | 32617 ( 1 ) to issue shares of republic common stock and other securities convertible into or exercisable for shares of republic common stock , contemplated by the agreement and plan of merger , dated as of june 22 , 2008 , as amended july 31 , 2008 , among republic , rs merger wedge , inc , a wholly owned subsidiary of republic , formed for the purpose of the merger , and allied waste industries , inc ...141728743 297976 156165 ( 2 ) to adjourn the special meeting , if necessary , to solicit additional proxies in favor of the foregoing proposal .................134081897 8068370 32617 %%transmsg*** transmitting job : p14076 pcn : 035000000 ***%%pcmsg|33 |00022|yes|no|02/28/2009 17:08|0|0|page is valid , no graphics -- color : d| .
Question: what was the total number of votes affirmative to issue shares of republic common stock and other securities convertible?
| convfinqa1948 |
connection with this matter could have a material adverse impact on our consolidated cash flows and results of operations .item 4 .submission of matters to a vote of security holders on november 14 , 2008 , our stockholders voted to approve our merger with allied waste industries , inc .at a special meeting held for that purpose .results of the voting at that meeting are as follows: . | affirmative | against | abstentions
( 1 ) to issue shares of republic common stock and other securities convertible into or exercisable for shares of republic common stock contemplated by the agreement and plan of merger dated as of june 22 2008 as amended july 31 2008 among republic rs merger wedge inc a wholly owned subsidiary of republic formed for the purpose of the merger and allied waste industries inc . | 141728743 | 297976 | 156165
( 2 ) to adjourn the special meeting if necessary to solicit additional proxies in favor of the foregoing proposal | 134081897 | 8068370 | 32617 ( 1 ) to issue shares of republic common stock and other securities convertible into or exercisable for shares of republic common stock , contemplated by the agreement and plan of merger , dated as of june 22 , 2008 , as amended july 31 , 2008 , among republic , rs merger wedge , inc , a wholly owned subsidiary of republic , formed for the purpose of the merger , and allied waste industries , inc ...141728743 297976 156165 ( 2 ) to adjourn the special meeting , if necessary , to solicit additional proxies in favor of the foregoing proposal .................134081897 8068370 32617 %%transmsg*** transmitting job : p14076 pcn : 035000000 ***%%pcmsg|33 |00022|yes|no|02/28/2009 17:08|0|0|page is valid , no graphics -- color : d| .
Question: what was the total number of votes affirmative to issue shares of republic common stock and other securities convertible?
Steps: Ask for number 141728743
Answer: 141728743.0
Question: and against?
| 297976.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
connection with this matter could have a material adverse impact on our consolidated cash flows and results of operations .item 4 .submission of matters to a vote of security holders on november 14 , 2008 , our stockholders voted to approve our merger with allied waste industries , inc .at a special meeting held for that purpose .results of the voting at that meeting are as follows: . | affirmative | against | abstentions
( 1 ) to issue shares of republic common stock and other securities convertible into or exercisable for shares of republic common stock contemplated by the agreement and plan of merger dated as of june 22 2008 as amended july 31 2008 among republic rs merger wedge inc a wholly owned subsidiary of republic formed for the purpose of the merger and allied waste industries inc . | 141728743 | 297976 | 156165
( 2 ) to adjourn the special meeting if necessary to solicit additional proxies in favor of the foregoing proposal | 134081897 | 8068370 | 32617 ( 1 ) to issue shares of republic common stock and other securities convertible into or exercisable for shares of republic common stock , contemplated by the agreement and plan of merger , dated as of june 22 , 2008 , as amended july 31 , 2008 , among republic , rs merger wedge , inc , a wholly owned subsidiary of republic , formed for the purpose of the merger , and allied waste industries , inc ...141728743 297976 156165 ( 2 ) to adjourn the special meeting , if necessary , to solicit additional proxies in favor of the foregoing proposal .................134081897 8068370 32617 %%transmsg*** transmitting job : p14076 pcn : 035000000 ***%%pcmsg|33 |00022|yes|no|02/28/2009 17:08|0|0|page is valid , no graphics -- color : d| .
Question: what was the total number of votes affirmative to issue shares of republic common stock and other securities convertible?
Steps: Ask for number 141728743
Answer: 141728743.0
Question: and against?
| convfinqa1949 |
connection with this matter could have a material adverse impact on our consolidated cash flows and results of operations .item 4 .submission of matters to a vote of security holders on november 14 , 2008 , our stockholders voted to approve our merger with allied waste industries , inc .at a special meeting held for that purpose .results of the voting at that meeting are as follows: . | affirmative | against | abstentions
( 1 ) to issue shares of republic common stock and other securities convertible into or exercisable for shares of republic common stock contemplated by the agreement and plan of merger dated as of june 22 2008 as amended july 31 2008 among republic rs merger wedge inc a wholly owned subsidiary of republic formed for the purpose of the merger and allied waste industries inc . | 141728743 | 297976 | 156165
( 2 ) to adjourn the special meeting if necessary to solicit additional proxies in favor of the foregoing proposal | 134081897 | 8068370 | 32617 ( 1 ) to issue shares of republic common stock and other securities convertible into or exercisable for shares of republic common stock , contemplated by the agreement and plan of merger , dated as of june 22 , 2008 , as amended july 31 , 2008 , among republic , rs merger wedge , inc , a wholly owned subsidiary of republic , formed for the purpose of the merger , and allied waste industries , inc ...141728743 297976 156165 ( 2 ) to adjourn the special meeting , if necessary , to solicit additional proxies in favor of the foregoing proposal .................134081897 8068370 32617 %%transmsg*** transmitting job : p14076 pcn : 035000000 ***%%pcmsg|33 |00022|yes|no|02/28/2009 17:08|0|0|page is valid , no graphics -- color : d| .
Question: what was the total number of votes affirmative to issue shares of republic common stock and other securities convertible?
Steps: Ask for number 141728743
Answer: 141728743.0
Question: and against?
Steps: Ask for number 297976
Answer: 297976.0
Question: combined, what were the total affirmative and against votes?
| 142026719.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
connection with this matter could have a material adverse impact on our consolidated cash flows and results of operations .item 4 .submission of matters to a vote of security holders on november 14 , 2008 , our stockholders voted to approve our merger with allied waste industries , inc .at a special meeting held for that purpose .results of the voting at that meeting are as follows: . | affirmative | against | abstentions
( 1 ) to issue shares of republic common stock and other securities convertible into or exercisable for shares of republic common stock contemplated by the agreement and plan of merger dated as of june 22 2008 as amended july 31 2008 among republic rs merger wedge inc a wholly owned subsidiary of republic formed for the purpose of the merger and allied waste industries inc . | 141728743 | 297976 | 156165
( 2 ) to adjourn the special meeting if necessary to solicit additional proxies in favor of the foregoing proposal | 134081897 | 8068370 | 32617 ( 1 ) to issue shares of republic common stock and other securities convertible into or exercisable for shares of republic common stock , contemplated by the agreement and plan of merger , dated as of june 22 , 2008 , as amended july 31 , 2008 , among republic , rs merger wedge , inc , a wholly owned subsidiary of republic , formed for the purpose of the merger , and allied waste industries , inc ...141728743 297976 156165 ( 2 ) to adjourn the special meeting , if necessary , to solicit additional proxies in favor of the foregoing proposal .................134081897 8068370 32617 %%transmsg*** transmitting job : p14076 pcn : 035000000 ***%%pcmsg|33 |00022|yes|no|02/28/2009 17:08|0|0|page is valid , no graphics -- color : d| .
Question: what was the total number of votes affirmative to issue shares of republic common stock and other securities convertible?
Steps: Ask for number 141728743
Answer: 141728743.0
Question: and against?
Steps: Ask for number 297976
Answer: 297976.0
Question: combined, what were the total affirmative and against votes?
| convfinqa1950 |
connection with this matter could have a material adverse impact on our consolidated cash flows and results of operations .item 4 .submission of matters to a vote of security holders on november 14 , 2008 , our stockholders voted to approve our merger with allied waste industries , inc .at a special meeting held for that purpose .results of the voting at that meeting are as follows: . | affirmative | against | abstentions
( 1 ) to issue shares of republic common stock and other securities convertible into or exercisable for shares of republic common stock contemplated by the agreement and plan of merger dated as of june 22 2008 as amended july 31 2008 among republic rs merger wedge inc a wholly owned subsidiary of republic formed for the purpose of the merger and allied waste industries inc . | 141728743 | 297976 | 156165
( 2 ) to adjourn the special meeting if necessary to solicit additional proxies in favor of the foregoing proposal | 134081897 | 8068370 | 32617 ( 1 ) to issue shares of republic common stock and other securities convertible into or exercisable for shares of republic common stock , contemplated by the agreement and plan of merger , dated as of june 22 , 2008 , as amended july 31 , 2008 , among republic , rs merger wedge , inc , a wholly owned subsidiary of republic , formed for the purpose of the merger , and allied waste industries , inc ...141728743 297976 156165 ( 2 ) to adjourn the special meeting , if necessary , to solicit additional proxies in favor of the foregoing proposal .................134081897 8068370 32617 %%transmsg*** transmitting job : p14076 pcn : 035000000 ***%%pcmsg|33 |00022|yes|no|02/28/2009 17:08|0|0|page is valid , no graphics -- color : d| .
Question: what was the total number of votes affirmative to issue shares of republic common stock and other securities convertible?
Steps: Ask for number 141728743
Answer: 141728743.0
Question: and against?
Steps: Ask for number 297976
Answer: 297976.0
Question: combined, what were the total affirmative and against votes?
Steps: add(141728743, 297976)
Answer: 142026719.0
Question: and the number of abstentions?
| 156165.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
connection with this matter could have a material adverse impact on our consolidated cash flows and results of operations .item 4 .submission of matters to a vote of security holders on november 14 , 2008 , our stockholders voted to approve our merger with allied waste industries , inc .at a special meeting held for that purpose .results of the voting at that meeting are as follows: . | affirmative | against | abstentions
( 1 ) to issue shares of republic common stock and other securities convertible into or exercisable for shares of republic common stock contemplated by the agreement and plan of merger dated as of june 22 2008 as amended july 31 2008 among republic rs merger wedge inc a wholly owned subsidiary of republic formed for the purpose of the merger and allied waste industries inc . | 141728743 | 297976 | 156165
( 2 ) to adjourn the special meeting if necessary to solicit additional proxies in favor of the foregoing proposal | 134081897 | 8068370 | 32617 ( 1 ) to issue shares of republic common stock and other securities convertible into or exercisable for shares of republic common stock , contemplated by the agreement and plan of merger , dated as of june 22 , 2008 , as amended july 31 , 2008 , among republic , rs merger wedge , inc , a wholly owned subsidiary of republic , formed for the purpose of the merger , and allied waste industries , inc ...141728743 297976 156165 ( 2 ) to adjourn the special meeting , if necessary , to solicit additional proxies in favor of the foregoing proposal .................134081897 8068370 32617 %%transmsg*** transmitting job : p14076 pcn : 035000000 ***%%pcmsg|33 |00022|yes|no|02/28/2009 17:08|0|0|page is valid , no graphics -- color : d| .
Question: what was the total number of votes affirmative to issue shares of republic common stock and other securities convertible?
Steps: Ask for number 141728743
Answer: 141728743.0
Question: and against?
Steps: Ask for number 297976
Answer: 297976.0
Question: combined, what were the total affirmative and against votes?
Steps: add(141728743, 297976)
Answer: 142026719.0
Question: and the number of abstentions?
| convfinqa1951 |
connection with this matter could have a material adverse impact on our consolidated cash flows and results of operations .item 4 .submission of matters to a vote of security holders on november 14 , 2008 , our stockholders voted to approve our merger with allied waste industries , inc .at a special meeting held for that purpose .results of the voting at that meeting are as follows: . | affirmative | against | abstentions
( 1 ) to issue shares of republic common stock and other securities convertible into or exercisable for shares of republic common stock contemplated by the agreement and plan of merger dated as of june 22 2008 as amended july 31 2008 among republic rs merger wedge inc a wholly owned subsidiary of republic formed for the purpose of the merger and allied waste industries inc . | 141728743 | 297976 | 156165
( 2 ) to adjourn the special meeting if necessary to solicit additional proxies in favor of the foregoing proposal | 134081897 | 8068370 | 32617 ( 1 ) to issue shares of republic common stock and other securities convertible into or exercisable for shares of republic common stock , contemplated by the agreement and plan of merger , dated as of june 22 , 2008 , as amended july 31 , 2008 , among republic , rs merger wedge , inc , a wholly owned subsidiary of republic , formed for the purpose of the merger , and allied waste industries , inc ...141728743 297976 156165 ( 2 ) to adjourn the special meeting , if necessary , to solicit additional proxies in favor of the foregoing proposal .................134081897 8068370 32617 %%transmsg*** transmitting job : p14076 pcn : 035000000 ***%%pcmsg|33 |00022|yes|no|02/28/2009 17:08|0|0|page is valid , no graphics -- color : d| .
Question: what was the total number of votes affirmative to issue shares of republic common stock and other securities convertible?
Steps: Ask for number 141728743
Answer: 141728743.0
Question: and against?
Steps: Ask for number 297976
Answer: 297976.0
Question: combined, what were the total affirmative and against votes?
Steps: add(141728743, 297976)
Answer: 142026719.0
Question: and the number of abstentions?
Steps: Ask for number 156165
Answer: 156165.0
Question: what was the total of votes cast?
| 142182884.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
connection with this matter could have a material adverse impact on our consolidated cash flows and results of operations .item 4 .submission of matters to a vote of security holders on november 14 , 2008 , our stockholders voted to approve our merger with allied waste industries , inc .at a special meeting held for that purpose .results of the voting at that meeting are as follows: . | affirmative | against | abstentions
( 1 ) to issue shares of republic common stock and other securities convertible into or exercisable for shares of republic common stock contemplated by the agreement and plan of merger dated as of june 22 2008 as amended july 31 2008 among republic rs merger wedge inc a wholly owned subsidiary of republic formed for the purpose of the merger and allied waste industries inc . | 141728743 | 297976 | 156165
( 2 ) to adjourn the special meeting if necessary to solicit additional proxies in favor of the foregoing proposal | 134081897 | 8068370 | 32617 ( 1 ) to issue shares of republic common stock and other securities convertible into or exercisable for shares of republic common stock , contemplated by the agreement and plan of merger , dated as of june 22 , 2008 , as amended july 31 , 2008 , among republic , rs merger wedge , inc , a wholly owned subsidiary of republic , formed for the purpose of the merger , and allied waste industries , inc ...141728743 297976 156165 ( 2 ) to adjourn the special meeting , if necessary , to solicit additional proxies in favor of the foregoing proposal .................134081897 8068370 32617 %%transmsg*** transmitting job : p14076 pcn : 035000000 ***%%pcmsg|33 |00022|yes|no|02/28/2009 17:08|0|0|page is valid , no graphics -- color : d| .
Question: what was the total number of votes affirmative to issue shares of republic common stock and other securities convertible?
Steps: Ask for number 141728743
Answer: 141728743.0
Question: and against?
Steps: Ask for number 297976
Answer: 297976.0
Question: combined, what were the total affirmative and against votes?
Steps: add(141728743, 297976)
Answer: 142026719.0
Question: and the number of abstentions?
Steps: Ask for number 156165
Answer: 156165.0
Question: what was the total of votes cast?
| convfinqa1952 |
the goldman sachs group , inc .and subsidiaries item 9 .changes in and disagreements with accountants on accounting and financial disclosure there were no changes in or disagreements with accountants on accounting and financial disclosure during the last two years .item 9a .controls and procedures as of the end of the period covered by this report , an evaluation was carried out by goldman sachs 2019 management , with the participation of our chief executive officer and chief financial officer , of the effectiveness of our disclosure controls and procedures ( as defined in rule 13a-15 ( e ) under the exchange act ) .based upon that evaluation , our chief executive officer and chief financial officer concluded that these disclosure controls and procedures were effective as of the end of the period covered by this report .in addition , no change in our internal control over financial reporting ( as defined in rule 13a-15 ( f ) under the exchange act ) occurred during the fourth quarter of our year ended december 31 , 2018 that has materially affected , or is reasonably likely to materially affect , our internal control over financial reporting .management 2019s report on internal control over financial reporting and the report of independent registered public accounting firm are set forth in part ii , item 8 of this form 10-k .item 9b .other information not applicable .part iii item 10 .directors , executive officers and corporate governance information relating to our executive officers is included on page 20 of this form 10-k .information relating to our directors , including our audit committee and audit committee financial experts and the procedures by which shareholders can recommend director nominees , and our executive officers will be in our definitive proxy statement for our 2019 annual meeting of shareholders , which will be filed within 120 days of the end of 2018 ( 2019 proxy statement ) and is incorporated in this form 10-k by reference .information relating to our code of business conduct and ethics , which applies to our senior financial officers , is included in 201cbusiness 2014 available information 201d in part i , item 1 of this form 10-k .item 11 .executive compensation information relating to our executive officer and director compensation and the compensation committee of the board will be in the 2019 proxy statement and is incorporated in this form 10-k by reference .item 12 .security ownership of certain beneficial owners and management and related stockholder matters information relating to security ownership of certain beneficial owners of our common stock and information relating to the security ownership of our management will be in the 2019 proxy statement and is incorporated in this form 10-k by reference .the table below presents information as of december 31 , 2018 regarding securities to be issued pursuant to outstanding restricted stock units ( rsus ) and securities remaining available for issuance under our equity compensation plans that were in effect during 2018 .plan category securities to be issued exercise of outstanding options and rights ( a ) weighted average exercise price of outstanding options ( b ) securities available for future issuance under equity compensation plans ( c ) equity compensation plans approved by security holders 17176475 n/a 68211649 equity compensation plans not approved by security holders 2013 2013 2013 . plan category | securities to be issued upon exercise of outstanding options and rights ( a ) | weighted average exercise price of outstanding options ( b ) | securities available for future issuance under equity compensation plans ( c )
equity compensation plans approved by security holders | 17176475 | n/a | 68211649
equity compensation plans not approved by securityholders | 2013 | 2013 | 2013
total | 17176475 | | 68211649 in the table above : 2030 securities to be issued upon exercise of outstanding options and rights includes 17176475 shares that may be issued pursuant to outstanding rsus .these awards are subject to vesting and other conditions to the extent set forth in the respective award agreements , and the underlying shares will be delivered net of any required tax withholding .as of december 31 , 2018 , there were no outstanding options .2030 shares underlying rsus are deliverable without the payment of any consideration , and therefore these awards have not been taken into account in calculating the weighted average exercise price .196 goldman sachs 2018 form 10-k .
Question: what is the number of securities to be issued upon exercise of outstanding options and rights?
| 17176475.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
the goldman sachs group , inc .and subsidiaries item 9 .changes in and disagreements with accountants on accounting and financial disclosure there were no changes in or disagreements with accountants on accounting and financial disclosure during the last two years .item 9a .controls and procedures as of the end of the period covered by this report , an evaluation was carried out by goldman sachs 2019 management , with the participation of our chief executive officer and chief financial officer , of the effectiveness of our disclosure controls and procedures ( as defined in rule 13a-15 ( e ) under the exchange act ) .based upon that evaluation , our chief executive officer and chief financial officer concluded that these disclosure controls and procedures were effective as of the end of the period covered by this report .in addition , no change in our internal control over financial reporting ( as defined in rule 13a-15 ( f ) under the exchange act ) occurred during the fourth quarter of our year ended december 31 , 2018 that has materially affected , or is reasonably likely to materially affect , our internal control over financial reporting .management 2019s report on internal control over financial reporting and the report of independent registered public accounting firm are set forth in part ii , item 8 of this form 10-k .item 9b .other information not applicable .part iii item 10 .directors , executive officers and corporate governance information relating to our executive officers is included on page 20 of this form 10-k .information relating to our directors , including our audit committee and audit committee financial experts and the procedures by which shareholders can recommend director nominees , and our executive officers will be in our definitive proxy statement for our 2019 annual meeting of shareholders , which will be filed within 120 days of the end of 2018 ( 2019 proxy statement ) and is incorporated in this form 10-k by reference .information relating to our code of business conduct and ethics , which applies to our senior financial officers , is included in 201cbusiness 2014 available information 201d in part i , item 1 of this form 10-k .item 11 .executive compensation information relating to our executive officer and director compensation and the compensation committee of the board will be in the 2019 proxy statement and is incorporated in this form 10-k by reference .item 12 .security ownership of certain beneficial owners and management and related stockholder matters information relating to security ownership of certain beneficial owners of our common stock and information relating to the security ownership of our management will be in the 2019 proxy statement and is incorporated in this form 10-k by reference .the table below presents information as of december 31 , 2018 regarding securities to be issued pursuant to outstanding restricted stock units ( rsus ) and securities remaining available for issuance under our equity compensation plans that were in effect during 2018 .plan category securities to be issued exercise of outstanding options and rights ( a ) weighted average exercise price of outstanding options ( b ) securities available for future issuance under equity compensation plans ( c ) equity compensation plans approved by security holders 17176475 n/a 68211649 equity compensation plans not approved by security holders 2013 2013 2013 . plan category | securities to be issued upon exercise of outstanding options and rights ( a ) | weighted average exercise price of outstanding options ( b ) | securities available for future issuance under equity compensation plans ( c )
equity compensation plans approved by security holders | 17176475 | n/a | 68211649
equity compensation plans not approved by securityholders | 2013 | 2013 | 2013
total | 17176475 | | 68211649 in the table above : 2030 securities to be issued upon exercise of outstanding options and rights includes 17176475 shares that may be issued pursuant to outstanding rsus .these awards are subject to vesting and other conditions to the extent set forth in the respective award agreements , and the underlying shares will be delivered net of any required tax withholding .as of december 31 , 2018 , there were no outstanding options .2030 shares underlying rsus are deliverable without the payment of any consideration , and therefore these awards have not been taken into account in calculating the weighted average exercise price .196 goldman sachs 2018 form 10-k .
Question: what is the number of securities to be issued upon exercise of outstanding options and rights?
| convfinqa1953 |
the goldman sachs group , inc .and subsidiaries item 9 .changes in and disagreements with accountants on accounting and financial disclosure there were no changes in or disagreements with accountants on accounting and financial disclosure during the last two years .item 9a .controls and procedures as of the end of the period covered by this report , an evaluation was carried out by goldman sachs 2019 management , with the participation of our chief executive officer and chief financial officer , of the effectiveness of our disclosure controls and procedures ( as defined in rule 13a-15 ( e ) under the exchange act ) .based upon that evaluation , our chief executive officer and chief financial officer concluded that these disclosure controls and procedures were effective as of the end of the period covered by this report .in addition , no change in our internal control over financial reporting ( as defined in rule 13a-15 ( f ) under the exchange act ) occurred during the fourth quarter of our year ended december 31 , 2018 that has materially affected , or is reasonably likely to materially affect , our internal control over financial reporting .management 2019s report on internal control over financial reporting and the report of independent registered public accounting firm are set forth in part ii , item 8 of this form 10-k .item 9b .other information not applicable .part iii item 10 .directors , executive officers and corporate governance information relating to our executive officers is included on page 20 of this form 10-k .information relating to our directors , including our audit committee and audit committee financial experts and the procedures by which shareholders can recommend director nominees , and our executive officers will be in our definitive proxy statement for our 2019 annual meeting of shareholders , which will be filed within 120 days of the end of 2018 ( 2019 proxy statement ) and is incorporated in this form 10-k by reference .information relating to our code of business conduct and ethics , which applies to our senior financial officers , is included in 201cbusiness 2014 available information 201d in part i , item 1 of this form 10-k .item 11 .executive compensation information relating to our executive officer and director compensation and the compensation committee of the board will be in the 2019 proxy statement and is incorporated in this form 10-k by reference .item 12 .security ownership of certain beneficial owners and management and related stockholder matters information relating to security ownership of certain beneficial owners of our common stock and information relating to the security ownership of our management will be in the 2019 proxy statement and is incorporated in this form 10-k by reference .the table below presents information as of december 31 , 2018 regarding securities to be issued pursuant to outstanding restricted stock units ( rsus ) and securities remaining available for issuance under our equity compensation plans that were in effect during 2018 .plan category securities to be issued exercise of outstanding options and rights ( a ) weighted average exercise price of outstanding options ( b ) securities available for future issuance under equity compensation plans ( c ) equity compensation plans approved by security holders 17176475 n/a 68211649 equity compensation plans not approved by security holders 2013 2013 2013 . plan category | securities to be issued upon exercise of outstanding options and rights ( a ) | weighted average exercise price of outstanding options ( b ) | securities available for future issuance under equity compensation plans ( c )
equity compensation plans approved by security holders | 17176475 | n/a | 68211649
equity compensation plans not approved by securityholders | 2013 | 2013 | 2013
total | 17176475 | | 68211649 in the table above : 2030 securities to be issued upon exercise of outstanding options and rights includes 17176475 shares that may be issued pursuant to outstanding rsus .these awards are subject to vesting and other conditions to the extent set forth in the respective award agreements , and the underlying shares will be delivered net of any required tax withholding .as of december 31 , 2018 , there were no outstanding options .2030 shares underlying rsus are deliverable without the payment of any consideration , and therefore these awards have not been taken into account in calculating the weighted average exercise price .196 goldman sachs 2018 form 10-k .
Question: what is the number of securities to be issued upon exercise of outstanding options and rights?
Steps: Ask for number 17176475
Answer: 17176475.0
Question: what is the number of securities available for future issuance under equity compensation plans?
| 68211649.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
the goldman sachs group , inc .and subsidiaries item 9 .changes in and disagreements with accountants on accounting and financial disclosure there were no changes in or disagreements with accountants on accounting and financial disclosure during the last two years .item 9a .controls and procedures as of the end of the period covered by this report , an evaluation was carried out by goldman sachs 2019 management , with the participation of our chief executive officer and chief financial officer , of the effectiveness of our disclosure controls and procedures ( as defined in rule 13a-15 ( e ) under the exchange act ) .based upon that evaluation , our chief executive officer and chief financial officer concluded that these disclosure controls and procedures were effective as of the end of the period covered by this report .in addition , no change in our internal control over financial reporting ( as defined in rule 13a-15 ( f ) under the exchange act ) occurred during the fourth quarter of our year ended december 31 , 2018 that has materially affected , or is reasonably likely to materially affect , our internal control over financial reporting .management 2019s report on internal control over financial reporting and the report of independent registered public accounting firm are set forth in part ii , item 8 of this form 10-k .item 9b .other information not applicable .part iii item 10 .directors , executive officers and corporate governance information relating to our executive officers is included on page 20 of this form 10-k .information relating to our directors , including our audit committee and audit committee financial experts and the procedures by which shareholders can recommend director nominees , and our executive officers will be in our definitive proxy statement for our 2019 annual meeting of shareholders , which will be filed within 120 days of the end of 2018 ( 2019 proxy statement ) and is incorporated in this form 10-k by reference .information relating to our code of business conduct and ethics , which applies to our senior financial officers , is included in 201cbusiness 2014 available information 201d in part i , item 1 of this form 10-k .item 11 .executive compensation information relating to our executive officer and director compensation and the compensation committee of the board will be in the 2019 proxy statement and is incorporated in this form 10-k by reference .item 12 .security ownership of certain beneficial owners and management and related stockholder matters information relating to security ownership of certain beneficial owners of our common stock and information relating to the security ownership of our management will be in the 2019 proxy statement and is incorporated in this form 10-k by reference .the table below presents information as of december 31 , 2018 regarding securities to be issued pursuant to outstanding restricted stock units ( rsus ) and securities remaining available for issuance under our equity compensation plans that were in effect during 2018 .plan category securities to be issued exercise of outstanding options and rights ( a ) weighted average exercise price of outstanding options ( b ) securities available for future issuance under equity compensation plans ( c ) equity compensation plans approved by security holders 17176475 n/a 68211649 equity compensation plans not approved by security holders 2013 2013 2013 . plan category | securities to be issued upon exercise of outstanding options and rights ( a ) | weighted average exercise price of outstanding options ( b ) | securities available for future issuance under equity compensation plans ( c )
equity compensation plans approved by security holders | 17176475 | n/a | 68211649
equity compensation plans not approved by securityholders | 2013 | 2013 | 2013
total | 17176475 | | 68211649 in the table above : 2030 securities to be issued upon exercise of outstanding options and rights includes 17176475 shares that may be issued pursuant to outstanding rsus .these awards are subject to vesting and other conditions to the extent set forth in the respective award agreements , and the underlying shares will be delivered net of any required tax withholding .as of december 31 , 2018 , there were no outstanding options .2030 shares underlying rsus are deliverable without the payment of any consideration , and therefore these awards have not been taken into account in calculating the weighted average exercise price .196 goldman sachs 2018 form 10-k .
Question: what is the number of securities to be issued upon exercise of outstanding options and rights?
Steps: Ask for number 17176475
Answer: 17176475.0
Question: what is the number of securities available for future issuance under equity compensation plans?
| convfinqa1954 |
the goldman sachs group , inc .and subsidiaries item 9 .changes in and disagreements with accountants on accounting and financial disclosure there were no changes in or disagreements with accountants on accounting and financial disclosure during the last two years .item 9a .controls and procedures as of the end of the period covered by this report , an evaluation was carried out by goldman sachs 2019 management , with the participation of our chief executive officer and chief financial officer , of the effectiveness of our disclosure controls and procedures ( as defined in rule 13a-15 ( e ) under the exchange act ) .based upon that evaluation , our chief executive officer and chief financial officer concluded that these disclosure controls and procedures were effective as of the end of the period covered by this report .in addition , no change in our internal control over financial reporting ( as defined in rule 13a-15 ( f ) under the exchange act ) occurred during the fourth quarter of our year ended december 31 , 2018 that has materially affected , or is reasonably likely to materially affect , our internal control over financial reporting .management 2019s report on internal control over financial reporting and the report of independent registered public accounting firm are set forth in part ii , item 8 of this form 10-k .item 9b .other information not applicable .part iii item 10 .directors , executive officers and corporate governance information relating to our executive officers is included on page 20 of this form 10-k .information relating to our directors , including our audit committee and audit committee financial experts and the procedures by which shareholders can recommend director nominees , and our executive officers will be in our definitive proxy statement for our 2019 annual meeting of shareholders , which will be filed within 120 days of the end of 2018 ( 2019 proxy statement ) and is incorporated in this form 10-k by reference .information relating to our code of business conduct and ethics , which applies to our senior financial officers , is included in 201cbusiness 2014 available information 201d in part i , item 1 of this form 10-k .item 11 .executive compensation information relating to our executive officer and director compensation and the compensation committee of the board will be in the 2019 proxy statement and is incorporated in this form 10-k by reference .item 12 .security ownership of certain beneficial owners and management and related stockholder matters information relating to security ownership of certain beneficial owners of our common stock and information relating to the security ownership of our management will be in the 2019 proxy statement and is incorporated in this form 10-k by reference .the table below presents information as of december 31 , 2018 regarding securities to be issued pursuant to outstanding restricted stock units ( rsus ) and securities remaining available for issuance under our equity compensation plans that were in effect during 2018 .plan category securities to be issued exercise of outstanding options and rights ( a ) weighted average exercise price of outstanding options ( b ) securities available for future issuance under equity compensation plans ( c ) equity compensation plans approved by security holders 17176475 n/a 68211649 equity compensation plans not approved by security holders 2013 2013 2013 . plan category | securities to be issued upon exercise of outstanding options and rights ( a ) | weighted average exercise price of outstanding options ( b ) | securities available for future issuance under equity compensation plans ( c )
equity compensation plans approved by security holders | 17176475 | n/a | 68211649
equity compensation plans not approved by securityholders | 2013 | 2013 | 2013
total | 17176475 | | 68211649 in the table above : 2030 securities to be issued upon exercise of outstanding options and rights includes 17176475 shares that may be issued pursuant to outstanding rsus .these awards are subject to vesting and other conditions to the extent set forth in the respective award agreements , and the underlying shares will be delivered net of any required tax withholding .as of december 31 , 2018 , there were no outstanding options .2030 shares underlying rsus are deliverable without the payment of any consideration , and therefore these awards have not been taken into account in calculating the weighted average exercise price .196 goldman sachs 2018 form 10-k .
Question: what is the number of securities to be issued upon exercise of outstanding options and rights?
Steps: Ask for number 17176475
Answer: 17176475.0
Question: what is the number of securities available for future issuance under equity compensation plans?
Steps: Ask for number 68211649
Answer: 68211649.0
Question: what is the sum?
| 85388124.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
the goldman sachs group , inc .and subsidiaries item 9 .changes in and disagreements with accountants on accounting and financial disclosure there were no changes in or disagreements with accountants on accounting and financial disclosure during the last two years .item 9a .controls and procedures as of the end of the period covered by this report , an evaluation was carried out by goldman sachs 2019 management , with the participation of our chief executive officer and chief financial officer , of the effectiveness of our disclosure controls and procedures ( as defined in rule 13a-15 ( e ) under the exchange act ) .based upon that evaluation , our chief executive officer and chief financial officer concluded that these disclosure controls and procedures were effective as of the end of the period covered by this report .in addition , no change in our internal control over financial reporting ( as defined in rule 13a-15 ( f ) under the exchange act ) occurred during the fourth quarter of our year ended december 31 , 2018 that has materially affected , or is reasonably likely to materially affect , our internal control over financial reporting .management 2019s report on internal control over financial reporting and the report of independent registered public accounting firm are set forth in part ii , item 8 of this form 10-k .item 9b .other information not applicable .part iii item 10 .directors , executive officers and corporate governance information relating to our executive officers is included on page 20 of this form 10-k .information relating to our directors , including our audit committee and audit committee financial experts and the procedures by which shareholders can recommend director nominees , and our executive officers will be in our definitive proxy statement for our 2019 annual meeting of shareholders , which will be filed within 120 days of the end of 2018 ( 2019 proxy statement ) and is incorporated in this form 10-k by reference .information relating to our code of business conduct and ethics , which applies to our senior financial officers , is included in 201cbusiness 2014 available information 201d in part i , item 1 of this form 10-k .item 11 .executive compensation information relating to our executive officer and director compensation and the compensation committee of the board will be in the 2019 proxy statement and is incorporated in this form 10-k by reference .item 12 .security ownership of certain beneficial owners and management and related stockholder matters information relating to security ownership of certain beneficial owners of our common stock and information relating to the security ownership of our management will be in the 2019 proxy statement and is incorporated in this form 10-k by reference .the table below presents information as of december 31 , 2018 regarding securities to be issued pursuant to outstanding restricted stock units ( rsus ) and securities remaining available for issuance under our equity compensation plans that were in effect during 2018 .plan category securities to be issued exercise of outstanding options and rights ( a ) weighted average exercise price of outstanding options ( b ) securities available for future issuance under equity compensation plans ( c ) equity compensation plans approved by security holders 17176475 n/a 68211649 equity compensation plans not approved by security holders 2013 2013 2013 . plan category | securities to be issued upon exercise of outstanding options and rights ( a ) | weighted average exercise price of outstanding options ( b ) | securities available for future issuance under equity compensation plans ( c )
equity compensation plans approved by security holders | 17176475 | n/a | 68211649
equity compensation plans not approved by securityholders | 2013 | 2013 | 2013
total | 17176475 | | 68211649 in the table above : 2030 securities to be issued upon exercise of outstanding options and rights includes 17176475 shares that may be issued pursuant to outstanding rsus .these awards are subject to vesting and other conditions to the extent set forth in the respective award agreements , and the underlying shares will be delivered net of any required tax withholding .as of december 31 , 2018 , there were no outstanding options .2030 shares underlying rsus are deliverable without the payment of any consideration , and therefore these awards have not been taken into account in calculating the weighted average exercise price .196 goldman sachs 2018 form 10-k .
Question: what is the number of securities to be issued upon exercise of outstanding options and rights?
Steps: Ask for number 17176475
Answer: 17176475.0
Question: what is the number of securities available for future issuance under equity compensation plans?
Steps: Ask for number 68211649
Answer: 68211649.0
Question: what is the sum?
| convfinqa1955 |
the goldman sachs group , inc .and subsidiaries item 9 .changes in and disagreements with accountants on accounting and financial disclosure there were no changes in or disagreements with accountants on accounting and financial disclosure during the last two years .item 9a .controls and procedures as of the end of the period covered by this report , an evaluation was carried out by goldman sachs 2019 management , with the participation of our chief executive officer and chief financial officer , of the effectiveness of our disclosure controls and procedures ( as defined in rule 13a-15 ( e ) under the exchange act ) .based upon that evaluation , our chief executive officer and chief financial officer concluded that these disclosure controls and procedures were effective as of the end of the period covered by this report .in addition , no change in our internal control over financial reporting ( as defined in rule 13a-15 ( f ) under the exchange act ) occurred during the fourth quarter of our year ended december 31 , 2018 that has materially affected , or is reasonably likely to materially affect , our internal control over financial reporting .management 2019s report on internal control over financial reporting and the report of independent registered public accounting firm are set forth in part ii , item 8 of this form 10-k .item 9b .other information not applicable .part iii item 10 .directors , executive officers and corporate governance information relating to our executive officers is included on page 20 of this form 10-k .information relating to our directors , including our audit committee and audit committee financial experts and the procedures by which shareholders can recommend director nominees , and our executive officers will be in our definitive proxy statement for our 2019 annual meeting of shareholders , which will be filed within 120 days of the end of 2018 ( 2019 proxy statement ) and is incorporated in this form 10-k by reference .information relating to our code of business conduct and ethics , which applies to our senior financial officers , is included in 201cbusiness 2014 available information 201d in part i , item 1 of this form 10-k .item 11 .executive compensation information relating to our executive officer and director compensation and the compensation committee of the board will be in the 2019 proxy statement and is incorporated in this form 10-k by reference .item 12 .security ownership of certain beneficial owners and management and related stockholder matters information relating to security ownership of certain beneficial owners of our common stock and information relating to the security ownership of our management will be in the 2019 proxy statement and is incorporated in this form 10-k by reference .the table below presents information as of december 31 , 2018 regarding securities to be issued pursuant to outstanding restricted stock units ( rsus ) and securities remaining available for issuance under our equity compensation plans that were in effect during 2018 .plan category securities to be issued exercise of outstanding options and rights ( a ) weighted average exercise price of outstanding options ( b ) securities available for future issuance under equity compensation plans ( c ) equity compensation plans approved by security holders 17176475 n/a 68211649 equity compensation plans not approved by security holders 2013 2013 2013 . plan category | securities to be issued upon exercise of outstanding options and rights ( a ) | weighted average exercise price of outstanding options ( b ) | securities available for future issuance under equity compensation plans ( c )
equity compensation plans approved by security holders | 17176475 | n/a | 68211649
equity compensation plans not approved by securityholders | 2013 | 2013 | 2013
total | 17176475 | | 68211649 in the table above : 2030 securities to be issued upon exercise of outstanding options and rights includes 17176475 shares that may be issued pursuant to outstanding rsus .these awards are subject to vesting and other conditions to the extent set forth in the respective award agreements , and the underlying shares will be delivered net of any required tax withholding .as of december 31 , 2018 , there were no outstanding options .2030 shares underlying rsus are deliverable without the payment of any consideration , and therefore these awards have not been taken into account in calculating the weighted average exercise price .196 goldman sachs 2018 form 10-k .
Question: what is the number of securities to be issued upon exercise of outstanding options and rights?
Steps: Ask for number 17176475
Answer: 17176475.0
Question: what is the number of securities available for future issuance under equity compensation plans?
Steps: Ask for number 68211649
Answer: 68211649.0
Question: what is the sum?
Steps: add(17176475, 68211649)
Answer: 85388124.0
Question: what is the ratio of securities to be issued to total available securities?
| 0.20116 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
the goldman sachs group , inc .and subsidiaries item 9 .changes in and disagreements with accountants on accounting and financial disclosure there were no changes in or disagreements with accountants on accounting and financial disclosure during the last two years .item 9a .controls and procedures as of the end of the period covered by this report , an evaluation was carried out by goldman sachs 2019 management , with the participation of our chief executive officer and chief financial officer , of the effectiveness of our disclosure controls and procedures ( as defined in rule 13a-15 ( e ) under the exchange act ) .based upon that evaluation , our chief executive officer and chief financial officer concluded that these disclosure controls and procedures were effective as of the end of the period covered by this report .in addition , no change in our internal control over financial reporting ( as defined in rule 13a-15 ( f ) under the exchange act ) occurred during the fourth quarter of our year ended december 31 , 2018 that has materially affected , or is reasonably likely to materially affect , our internal control over financial reporting .management 2019s report on internal control over financial reporting and the report of independent registered public accounting firm are set forth in part ii , item 8 of this form 10-k .item 9b .other information not applicable .part iii item 10 .directors , executive officers and corporate governance information relating to our executive officers is included on page 20 of this form 10-k .information relating to our directors , including our audit committee and audit committee financial experts and the procedures by which shareholders can recommend director nominees , and our executive officers will be in our definitive proxy statement for our 2019 annual meeting of shareholders , which will be filed within 120 days of the end of 2018 ( 2019 proxy statement ) and is incorporated in this form 10-k by reference .information relating to our code of business conduct and ethics , which applies to our senior financial officers , is included in 201cbusiness 2014 available information 201d in part i , item 1 of this form 10-k .item 11 .executive compensation information relating to our executive officer and director compensation and the compensation committee of the board will be in the 2019 proxy statement and is incorporated in this form 10-k by reference .item 12 .security ownership of certain beneficial owners and management and related stockholder matters information relating to security ownership of certain beneficial owners of our common stock and information relating to the security ownership of our management will be in the 2019 proxy statement and is incorporated in this form 10-k by reference .the table below presents information as of december 31 , 2018 regarding securities to be issued pursuant to outstanding restricted stock units ( rsus ) and securities remaining available for issuance under our equity compensation plans that were in effect during 2018 .plan category securities to be issued exercise of outstanding options and rights ( a ) weighted average exercise price of outstanding options ( b ) securities available for future issuance under equity compensation plans ( c ) equity compensation plans approved by security holders 17176475 n/a 68211649 equity compensation plans not approved by security holders 2013 2013 2013 . plan category | securities to be issued upon exercise of outstanding options and rights ( a ) | weighted average exercise price of outstanding options ( b ) | securities available for future issuance under equity compensation plans ( c )
equity compensation plans approved by security holders | 17176475 | n/a | 68211649
equity compensation plans not approved by securityholders | 2013 | 2013 | 2013
total | 17176475 | | 68211649 in the table above : 2030 securities to be issued upon exercise of outstanding options and rights includes 17176475 shares that may be issued pursuant to outstanding rsus .these awards are subject to vesting and other conditions to the extent set forth in the respective award agreements , and the underlying shares will be delivered net of any required tax withholding .as of december 31 , 2018 , there were no outstanding options .2030 shares underlying rsus are deliverable without the payment of any consideration , and therefore these awards have not been taken into account in calculating the weighted average exercise price .196 goldman sachs 2018 form 10-k .
Question: what is the number of securities to be issued upon exercise of outstanding options and rights?
Steps: Ask for number 17176475
Answer: 17176475.0
Question: what is the number of securities available for future issuance under equity compensation plans?
Steps: Ask for number 68211649
Answer: 68211649.0
Question: what is the sum?
Steps: add(17176475, 68211649)
Answer: 85388124.0
Question: what is the ratio of securities to be issued to total available securities?
| convfinqa1956 |
12 .brokerage receivables and brokerage payables the company has receivables and payables for financial instruments sold to and purchased from brokers , dealers and customers , which arise in the ordinary course of business .citi is exposed to risk of loss from the inability of brokers , dealers or customers to pay for purchases or to deliver the financial instruments sold , in which case citi would have to sell or purchase the financial instruments at prevailing market prices .credit risk is reduced to the extent that an exchange or clearing organization acts as a counterparty to the transaction and replaces the broker , dealer or customer in question .citi seeks to protect itself from the risks associated with customer activities by requiring customers to maintain margin collateral in compliance with regulatory and internal guidelines .margin levels are monitored daily , and customers deposit additional collateral as required .where customers cannot meet collateral requirements , citi may liquidate sufficient underlying financial instruments to bring the customer into compliance with the required margin level .exposure to credit risk is impacted by market volatility , which may impair the ability of clients to satisfy their obligations to citi .credit limits are established and closely monitored for customers and for brokers and dealers engaged in forwards , futures and other transactions deemed to be credit sensitive .brokerage receivables and brokerage payables consisted of the following: . in millions of dollars | december 31 , 2018 | december 31 , 2017
receivables from customers | $ 14415 | $ 19215
receivables from brokers dealers and clearing organizations | 21035 | 19169
total brokerage receivables ( 1 ) | $ 35450 | $ 38384
payables to customers | $ 40273 | $ 38741
payables to brokers dealers and clearing organizations | 24298 | 22601
total brokerage payables ( 1 ) | $ 64571 | $ 61342 total brokerage payables ( 1 ) $ 64571 $ 61342 ( 1 ) includes brokerage receivables and payables recorded by citi broker-dealer entities that are accounted for in accordance with the aicpa accounting guide for brokers and dealers in securities as codified in asc 940-320. .
Question: what is the balance of receivables from customers at the end of 2017?
| 19215.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
12 .brokerage receivables and brokerage payables the company has receivables and payables for financial instruments sold to and purchased from brokers , dealers and customers , which arise in the ordinary course of business .citi is exposed to risk of loss from the inability of brokers , dealers or customers to pay for purchases or to deliver the financial instruments sold , in which case citi would have to sell or purchase the financial instruments at prevailing market prices .credit risk is reduced to the extent that an exchange or clearing organization acts as a counterparty to the transaction and replaces the broker , dealer or customer in question .citi seeks to protect itself from the risks associated with customer activities by requiring customers to maintain margin collateral in compliance with regulatory and internal guidelines .margin levels are monitored daily , and customers deposit additional collateral as required .where customers cannot meet collateral requirements , citi may liquidate sufficient underlying financial instruments to bring the customer into compliance with the required margin level .exposure to credit risk is impacted by market volatility , which may impair the ability of clients to satisfy their obligations to citi .credit limits are established and closely monitored for customers and for brokers and dealers engaged in forwards , futures and other transactions deemed to be credit sensitive .brokerage receivables and brokerage payables consisted of the following: . in millions of dollars | december 31 , 2018 | december 31 , 2017
receivables from customers | $ 14415 | $ 19215
receivables from brokers dealers and clearing organizations | 21035 | 19169
total brokerage receivables ( 1 ) | $ 35450 | $ 38384
payables to customers | $ 40273 | $ 38741
payables to brokers dealers and clearing organizations | 24298 | 22601
total brokerage payables ( 1 ) | $ 64571 | $ 61342 total brokerage payables ( 1 ) $ 64571 $ 61342 ( 1 ) includes brokerage receivables and payables recorded by citi broker-dealer entities that are accounted for in accordance with the aicpa accounting guide for brokers and dealers in securities as codified in asc 940-320. .
Question: what is the balance of receivables from customers at the end of 2017?
| convfinqa1957 |
12 .brokerage receivables and brokerage payables the company has receivables and payables for financial instruments sold to and purchased from brokers , dealers and customers , which arise in the ordinary course of business .citi is exposed to risk of loss from the inability of brokers , dealers or customers to pay for purchases or to deliver the financial instruments sold , in which case citi would have to sell or purchase the financial instruments at prevailing market prices .credit risk is reduced to the extent that an exchange or clearing organization acts as a counterparty to the transaction and replaces the broker , dealer or customer in question .citi seeks to protect itself from the risks associated with customer activities by requiring customers to maintain margin collateral in compliance with regulatory and internal guidelines .margin levels are monitored daily , and customers deposit additional collateral as required .where customers cannot meet collateral requirements , citi may liquidate sufficient underlying financial instruments to bring the customer into compliance with the required margin level .exposure to credit risk is impacted by market volatility , which may impair the ability of clients to satisfy their obligations to citi .credit limits are established and closely monitored for customers and for brokers and dealers engaged in forwards , futures and other transactions deemed to be credit sensitive .brokerage receivables and brokerage payables consisted of the following: . in millions of dollars | december 31 , 2018 | december 31 , 2017
receivables from customers | $ 14415 | $ 19215
receivables from brokers dealers and clearing organizations | 21035 | 19169
total brokerage receivables ( 1 ) | $ 35450 | $ 38384
payables to customers | $ 40273 | $ 38741
payables to brokers dealers and clearing organizations | 24298 | 22601
total brokerage payables ( 1 ) | $ 64571 | $ 61342 total brokerage payables ( 1 ) $ 64571 $ 61342 ( 1 ) includes brokerage receivables and payables recorded by citi broker-dealer entities that are accounted for in accordance with the aicpa accounting guide for brokers and dealers in securities as codified in asc 940-320. .
Question: what is the balance of receivables from customers at the end of 2017?
Steps: Ask for number 19215
Answer: 19215.0
Question: what about the total brokerage payables?
| 61342.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
12 .brokerage receivables and brokerage payables the company has receivables and payables for financial instruments sold to and purchased from brokers , dealers and customers , which arise in the ordinary course of business .citi is exposed to risk of loss from the inability of brokers , dealers or customers to pay for purchases or to deliver the financial instruments sold , in which case citi would have to sell or purchase the financial instruments at prevailing market prices .credit risk is reduced to the extent that an exchange or clearing organization acts as a counterparty to the transaction and replaces the broker , dealer or customer in question .citi seeks to protect itself from the risks associated with customer activities by requiring customers to maintain margin collateral in compliance with regulatory and internal guidelines .margin levels are monitored daily , and customers deposit additional collateral as required .where customers cannot meet collateral requirements , citi may liquidate sufficient underlying financial instruments to bring the customer into compliance with the required margin level .exposure to credit risk is impacted by market volatility , which may impair the ability of clients to satisfy their obligations to citi .credit limits are established and closely monitored for customers and for brokers and dealers engaged in forwards , futures and other transactions deemed to be credit sensitive .brokerage receivables and brokerage payables consisted of the following: . in millions of dollars | december 31 , 2018 | december 31 , 2017
receivables from customers | $ 14415 | $ 19215
receivables from brokers dealers and clearing organizations | 21035 | 19169
total brokerage receivables ( 1 ) | $ 35450 | $ 38384
payables to customers | $ 40273 | $ 38741
payables to brokers dealers and clearing organizations | 24298 | 22601
total brokerage payables ( 1 ) | $ 64571 | $ 61342 total brokerage payables ( 1 ) $ 64571 $ 61342 ( 1 ) includes brokerage receivables and payables recorded by citi broker-dealer entities that are accounted for in accordance with the aicpa accounting guide for brokers and dealers in securities as codified in asc 940-320. .
Question: what is the balance of receivables from customers at the end of 2017?
Steps: Ask for number 19215
Answer: 19215.0
Question: what about the total brokerage payables?
| convfinqa1958 |
12 .brokerage receivables and brokerage payables the company has receivables and payables for financial instruments sold to and purchased from brokers , dealers and customers , which arise in the ordinary course of business .citi is exposed to risk of loss from the inability of brokers , dealers or customers to pay for purchases or to deliver the financial instruments sold , in which case citi would have to sell or purchase the financial instruments at prevailing market prices .credit risk is reduced to the extent that an exchange or clearing organization acts as a counterparty to the transaction and replaces the broker , dealer or customer in question .citi seeks to protect itself from the risks associated with customer activities by requiring customers to maintain margin collateral in compliance with regulatory and internal guidelines .margin levels are monitored daily , and customers deposit additional collateral as required .where customers cannot meet collateral requirements , citi may liquidate sufficient underlying financial instruments to bring the customer into compliance with the required margin level .exposure to credit risk is impacted by market volatility , which may impair the ability of clients to satisfy their obligations to citi .credit limits are established and closely monitored for customers and for brokers and dealers engaged in forwards , futures and other transactions deemed to be credit sensitive .brokerage receivables and brokerage payables consisted of the following: . in millions of dollars | december 31 , 2018 | december 31 , 2017
receivables from customers | $ 14415 | $ 19215
receivables from brokers dealers and clearing organizations | 21035 | 19169
total brokerage receivables ( 1 ) | $ 35450 | $ 38384
payables to customers | $ 40273 | $ 38741
payables to brokers dealers and clearing organizations | 24298 | 22601
total brokerage payables ( 1 ) | $ 64571 | $ 61342 total brokerage payables ( 1 ) $ 64571 $ 61342 ( 1 ) includes brokerage receivables and payables recorded by citi broker-dealer entities that are accounted for in accordance with the aicpa accounting guide for brokers and dealers in securities as codified in asc 940-320. .
Question: what is the balance of receivables from customers at the end of 2017?
Steps: Ask for number 19215
Answer: 19215.0
Question: what about the total brokerage payables?
Steps: Ask for number 61342
Answer: 61342.0
Question: what portion of total is related to receivables from customers in 2017?
| 0.31324 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
12 .brokerage receivables and brokerage payables the company has receivables and payables for financial instruments sold to and purchased from brokers , dealers and customers , which arise in the ordinary course of business .citi is exposed to risk of loss from the inability of brokers , dealers or customers to pay for purchases or to deliver the financial instruments sold , in which case citi would have to sell or purchase the financial instruments at prevailing market prices .credit risk is reduced to the extent that an exchange or clearing organization acts as a counterparty to the transaction and replaces the broker , dealer or customer in question .citi seeks to protect itself from the risks associated with customer activities by requiring customers to maintain margin collateral in compliance with regulatory and internal guidelines .margin levels are monitored daily , and customers deposit additional collateral as required .where customers cannot meet collateral requirements , citi may liquidate sufficient underlying financial instruments to bring the customer into compliance with the required margin level .exposure to credit risk is impacted by market volatility , which may impair the ability of clients to satisfy their obligations to citi .credit limits are established and closely monitored for customers and for brokers and dealers engaged in forwards , futures and other transactions deemed to be credit sensitive .brokerage receivables and brokerage payables consisted of the following: . in millions of dollars | december 31 , 2018 | december 31 , 2017
receivables from customers | $ 14415 | $ 19215
receivables from brokers dealers and clearing organizations | 21035 | 19169
total brokerage receivables ( 1 ) | $ 35450 | $ 38384
payables to customers | $ 40273 | $ 38741
payables to brokers dealers and clearing organizations | 24298 | 22601
total brokerage payables ( 1 ) | $ 64571 | $ 61342 total brokerage payables ( 1 ) $ 64571 $ 61342 ( 1 ) includes brokerage receivables and payables recorded by citi broker-dealer entities that are accounted for in accordance with the aicpa accounting guide for brokers and dealers in securities as codified in asc 940-320. .
Question: what is the balance of receivables from customers at the end of 2017?
Steps: Ask for number 19215
Answer: 19215.0
Question: what about the total brokerage payables?
Steps: Ask for number 61342
Answer: 61342.0
Question: what portion of total is related to receivables from customers in 2017?
| convfinqa1959 |
12 .brokerage receivables and brokerage payables the company has receivables and payables for financial instruments sold to and purchased from brokers , dealers and customers , which arise in the ordinary course of business .citi is exposed to risk of loss from the inability of brokers , dealers or customers to pay for purchases or to deliver the financial instruments sold , in which case citi would have to sell or purchase the financial instruments at prevailing market prices .credit risk is reduced to the extent that an exchange or clearing organization acts as a counterparty to the transaction and replaces the broker , dealer or customer in question .citi seeks to protect itself from the risks associated with customer activities by requiring customers to maintain margin collateral in compliance with regulatory and internal guidelines .margin levels are monitored daily , and customers deposit additional collateral as required .where customers cannot meet collateral requirements , citi may liquidate sufficient underlying financial instruments to bring the customer into compliance with the required margin level .exposure to credit risk is impacted by market volatility , which may impair the ability of clients to satisfy their obligations to citi .credit limits are established and closely monitored for customers and for brokers and dealers engaged in forwards , futures and other transactions deemed to be credit sensitive .brokerage receivables and brokerage payables consisted of the following: . in millions of dollars | december 31 , 2018 | december 31 , 2017
receivables from customers | $ 14415 | $ 19215
receivables from brokers dealers and clearing organizations | 21035 | 19169
total brokerage receivables ( 1 ) | $ 35450 | $ 38384
payables to customers | $ 40273 | $ 38741
payables to brokers dealers and clearing organizations | 24298 | 22601
total brokerage payables ( 1 ) | $ 64571 | $ 61342 total brokerage payables ( 1 ) $ 64571 $ 61342 ( 1 ) includes brokerage receivables and payables recorded by citi broker-dealer entities that are accounted for in accordance with the aicpa accounting guide for brokers and dealers in securities as codified in asc 940-320. .
Question: what is the balance of receivables from customers at the end of 2017?
Steps: Ask for number 19215
Answer: 19215.0
Question: what about the total brokerage payables?
Steps: Ask for number 61342
Answer: 61342.0
Question: what portion of total is related to receivables from customers in 2017?
Steps: divide(19215, 61342)
Answer: 0.31324
Question: what about the portion of total is related to receivables from customers in 2018?
| 0.22324 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
12 .brokerage receivables and brokerage payables the company has receivables and payables for financial instruments sold to and purchased from brokers , dealers and customers , which arise in the ordinary course of business .citi is exposed to risk of loss from the inability of brokers , dealers or customers to pay for purchases or to deliver the financial instruments sold , in which case citi would have to sell or purchase the financial instruments at prevailing market prices .credit risk is reduced to the extent that an exchange or clearing organization acts as a counterparty to the transaction and replaces the broker , dealer or customer in question .citi seeks to protect itself from the risks associated with customer activities by requiring customers to maintain margin collateral in compliance with regulatory and internal guidelines .margin levels are monitored daily , and customers deposit additional collateral as required .where customers cannot meet collateral requirements , citi may liquidate sufficient underlying financial instruments to bring the customer into compliance with the required margin level .exposure to credit risk is impacted by market volatility , which may impair the ability of clients to satisfy their obligations to citi .credit limits are established and closely monitored for customers and for brokers and dealers engaged in forwards , futures and other transactions deemed to be credit sensitive .brokerage receivables and brokerage payables consisted of the following: . in millions of dollars | december 31 , 2018 | december 31 , 2017
receivables from customers | $ 14415 | $ 19215
receivables from brokers dealers and clearing organizations | 21035 | 19169
total brokerage receivables ( 1 ) | $ 35450 | $ 38384
payables to customers | $ 40273 | $ 38741
payables to brokers dealers and clearing organizations | 24298 | 22601
total brokerage payables ( 1 ) | $ 64571 | $ 61342 total brokerage payables ( 1 ) $ 64571 $ 61342 ( 1 ) includes brokerage receivables and payables recorded by citi broker-dealer entities that are accounted for in accordance with the aicpa accounting guide for brokers and dealers in securities as codified in asc 940-320. .
Question: what is the balance of receivables from customers at the end of 2017?
Steps: Ask for number 19215
Answer: 19215.0
Question: what about the total brokerage payables?
Steps: Ask for number 61342
Answer: 61342.0
Question: what portion of total is related to receivables from customers in 2017?
Steps: divide(19215, 61342)
Answer: 0.31324
Question: what about the portion of total is related to receivables from customers in 2018?
| convfinqa1960 |
the long term .in addition , we have focused on building relationships with large multinational carriers such as airtel , telef f3nica s.a .and vodafone group plc .we believe that consistent carrier investments in their networks across our international markets position us to generate meaningful organic revenue growth going forward .in emerging markets , such as ghana , india , nigeria and uganda , wireless networks tend to be significantly less advanced than those in the united states , and initial voice networks continue to be deployed in underdeveloped areas .a majority of consumers in these markets still utilize basic wireless services , predominantly on feature phones , while advanced device penetration remains low .in more developed urban locations within these markets , early-stage data network deployments are underway .carriers are focused on completing voice network build-outs while also investing in initial data networks as wireless data usage and smartphone penetration within their customer bases begin to accelerate .in markets with rapidly evolving network technology , such as south africa and most of the countries in latin america where we do business , initial voice networks , for the most part , have already been built out , and carriers are focused on 3g network build outs , with select investments in 4g technology .consumers in these regions are increasingly adopting smartphones and other advanced devices , and as a result , the usage of bandwidth-intensive mobile applications is growing materially .recent spectrum auctions in these rapidly evolving markets have allowed incumbent carriers to accelerate their data network deployments and have also enabled new entrants to begin initial investments in data networks .smartphone penetration and wireless data usage in these markets are growing rapidly , which typically requires that carriers continue to invest in their networks in order to maintain and augment their quality of service .finally , in markets with more mature network technology , such as germany , carriers are focused on deploying 4g data networks to account for rapidly increasing wireless data usage amongst their customer base .with higher smartphone and advanced device penetration and significantly higher per capita data usage , carrier investment in networks is focused on 4g coverage and capacity .we believe that the network technology migration we have seen in the united states , which has led to significantly denser networks and meaningful new business commencements for us over a number of years , will ultimately be replicated in our less advanced international markets .as a result , we expect to be able to leverage our extensive international portfolio of approximately 60190 communications sites and the relationships we have built with our carrier customers to drive sustainable , long-term growth .we have holistic master lease agreements with certain of our tenants that provide for consistent , long-term revenue and a reduction in the likelihood of churn .our holistic master lease agreements build and augment strong strategic partnerships with our tenants and have significantly reduced collocation cycle times , thereby providing our tenants with the ability to rapidly and efficiently deploy equipment on our sites .property operations new site revenue growth .during the year ended december 31 , 2015 , we grew our portfolio of communications real estate through the acquisition and construction of approximately 25370 sites .in a majority of our asia , emea and latin america markets , the acquisition or construction of new sites resulted in increases in both tenant and pass- through revenues ( such as ground rent or power and fuel costs ) and expenses .we continue to evaluate opportunities to acquire communications real estate portfolios , both domestically and internationally , to determine whether they meet our risk-adjusted hurdle rates and whether we believe we can effectively integrate them into our existing portfolio. . new sites ( acquired or constructed ) | 2015 | 2014 | 2013
u.s . | 11595 | 900 | 5260
asia | 2330 | 1560 | 1260
emea | 4910 | 190 | 485
latin america | 6535 | 5800 | 6065 property operations expenses .direct operating expenses incurred by our property segments include direct site level expenses and consist primarily of ground rent and power and fuel costs , some or all of which may be passed through to our tenants , as well as property taxes , repairs and maintenance .these segment direct operating expenses exclude all segment and corporate selling , general , administrative and development expenses , which are aggregated into one line item entitled selling , general , administrative and development expense in our consolidated statements of operations .in general , our property segments 2019 selling , general , administrative and development expenses do not significantly increase as a result of adding incremental tenants to our legacy sites and typically increase only modestly year-over-year .as a result , leasing additional space to new tenants on our legacy sites provides significant incremental cash flow .we may , however , incur additional segment .
Question: what is the real estate portfolios for asia of 2015?
| 2330.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
the long term .in addition , we have focused on building relationships with large multinational carriers such as airtel , telef f3nica s.a .and vodafone group plc .we believe that consistent carrier investments in their networks across our international markets position us to generate meaningful organic revenue growth going forward .in emerging markets , such as ghana , india , nigeria and uganda , wireless networks tend to be significantly less advanced than those in the united states , and initial voice networks continue to be deployed in underdeveloped areas .a majority of consumers in these markets still utilize basic wireless services , predominantly on feature phones , while advanced device penetration remains low .in more developed urban locations within these markets , early-stage data network deployments are underway .carriers are focused on completing voice network build-outs while also investing in initial data networks as wireless data usage and smartphone penetration within their customer bases begin to accelerate .in markets with rapidly evolving network technology , such as south africa and most of the countries in latin america where we do business , initial voice networks , for the most part , have already been built out , and carriers are focused on 3g network build outs , with select investments in 4g technology .consumers in these regions are increasingly adopting smartphones and other advanced devices , and as a result , the usage of bandwidth-intensive mobile applications is growing materially .recent spectrum auctions in these rapidly evolving markets have allowed incumbent carriers to accelerate their data network deployments and have also enabled new entrants to begin initial investments in data networks .smartphone penetration and wireless data usage in these markets are growing rapidly , which typically requires that carriers continue to invest in their networks in order to maintain and augment their quality of service .finally , in markets with more mature network technology , such as germany , carriers are focused on deploying 4g data networks to account for rapidly increasing wireless data usage amongst their customer base .with higher smartphone and advanced device penetration and significantly higher per capita data usage , carrier investment in networks is focused on 4g coverage and capacity .we believe that the network technology migration we have seen in the united states , which has led to significantly denser networks and meaningful new business commencements for us over a number of years , will ultimately be replicated in our less advanced international markets .as a result , we expect to be able to leverage our extensive international portfolio of approximately 60190 communications sites and the relationships we have built with our carrier customers to drive sustainable , long-term growth .we have holistic master lease agreements with certain of our tenants that provide for consistent , long-term revenue and a reduction in the likelihood of churn .our holistic master lease agreements build and augment strong strategic partnerships with our tenants and have significantly reduced collocation cycle times , thereby providing our tenants with the ability to rapidly and efficiently deploy equipment on our sites .property operations new site revenue growth .during the year ended december 31 , 2015 , we grew our portfolio of communications real estate through the acquisition and construction of approximately 25370 sites .in a majority of our asia , emea and latin america markets , the acquisition or construction of new sites resulted in increases in both tenant and pass- through revenues ( such as ground rent or power and fuel costs ) and expenses .we continue to evaluate opportunities to acquire communications real estate portfolios , both domestically and internationally , to determine whether they meet our risk-adjusted hurdle rates and whether we believe we can effectively integrate them into our existing portfolio. . new sites ( acquired or constructed ) | 2015 | 2014 | 2013
u.s . | 11595 | 900 | 5260
asia | 2330 | 1560 | 1260
emea | 4910 | 190 | 485
latin america | 6535 | 5800 | 6065 property operations expenses .direct operating expenses incurred by our property segments include direct site level expenses and consist primarily of ground rent and power and fuel costs , some or all of which may be passed through to our tenants , as well as property taxes , repairs and maintenance .these segment direct operating expenses exclude all segment and corporate selling , general , administrative and development expenses , which are aggregated into one line item entitled selling , general , administrative and development expense in our consolidated statements of operations .in general , our property segments 2019 selling , general , administrative and development expenses do not significantly increase as a result of adding incremental tenants to our legacy sites and typically increase only modestly year-over-year .as a result , leasing additional space to new tenants on our legacy sites provides significant incremental cash flow .we may , however , incur additional segment .
Question: what is the real estate portfolios for asia of 2015?
| convfinqa1961 |
the long term .in addition , we have focused on building relationships with large multinational carriers such as airtel , telef f3nica s.a .and vodafone group plc .we believe that consistent carrier investments in their networks across our international markets position us to generate meaningful organic revenue growth going forward .in emerging markets , such as ghana , india , nigeria and uganda , wireless networks tend to be significantly less advanced than those in the united states , and initial voice networks continue to be deployed in underdeveloped areas .a majority of consumers in these markets still utilize basic wireless services , predominantly on feature phones , while advanced device penetration remains low .in more developed urban locations within these markets , early-stage data network deployments are underway .carriers are focused on completing voice network build-outs while also investing in initial data networks as wireless data usage and smartphone penetration within their customer bases begin to accelerate .in markets with rapidly evolving network technology , such as south africa and most of the countries in latin america where we do business , initial voice networks , for the most part , have already been built out , and carriers are focused on 3g network build outs , with select investments in 4g technology .consumers in these regions are increasingly adopting smartphones and other advanced devices , and as a result , the usage of bandwidth-intensive mobile applications is growing materially .recent spectrum auctions in these rapidly evolving markets have allowed incumbent carriers to accelerate their data network deployments and have also enabled new entrants to begin initial investments in data networks .smartphone penetration and wireless data usage in these markets are growing rapidly , which typically requires that carriers continue to invest in their networks in order to maintain and augment their quality of service .finally , in markets with more mature network technology , such as germany , carriers are focused on deploying 4g data networks to account for rapidly increasing wireless data usage amongst their customer base .with higher smartphone and advanced device penetration and significantly higher per capita data usage , carrier investment in networks is focused on 4g coverage and capacity .we believe that the network technology migration we have seen in the united states , which has led to significantly denser networks and meaningful new business commencements for us over a number of years , will ultimately be replicated in our less advanced international markets .as a result , we expect to be able to leverage our extensive international portfolio of approximately 60190 communications sites and the relationships we have built with our carrier customers to drive sustainable , long-term growth .we have holistic master lease agreements with certain of our tenants that provide for consistent , long-term revenue and a reduction in the likelihood of churn .our holistic master lease agreements build and augment strong strategic partnerships with our tenants and have significantly reduced collocation cycle times , thereby providing our tenants with the ability to rapidly and efficiently deploy equipment on our sites .property operations new site revenue growth .during the year ended december 31 , 2015 , we grew our portfolio of communications real estate through the acquisition and construction of approximately 25370 sites .in a majority of our asia , emea and latin america markets , the acquisition or construction of new sites resulted in increases in both tenant and pass- through revenues ( such as ground rent or power and fuel costs ) and expenses .we continue to evaluate opportunities to acquire communications real estate portfolios , both domestically and internationally , to determine whether they meet our risk-adjusted hurdle rates and whether we believe we can effectively integrate them into our existing portfolio. . new sites ( acquired or constructed ) | 2015 | 2014 | 2013
u.s . | 11595 | 900 | 5260
asia | 2330 | 1560 | 1260
emea | 4910 | 190 | 485
latin america | 6535 | 5800 | 6065 property operations expenses .direct operating expenses incurred by our property segments include direct site level expenses and consist primarily of ground rent and power and fuel costs , some or all of which may be passed through to our tenants , as well as property taxes , repairs and maintenance .these segment direct operating expenses exclude all segment and corporate selling , general , administrative and development expenses , which are aggregated into one line item entitled selling , general , administrative and development expense in our consolidated statements of operations .in general , our property segments 2019 selling , general , administrative and development expenses do not significantly increase as a result of adding incremental tenants to our legacy sites and typically increase only modestly year-over-year .as a result , leasing additional space to new tenants on our legacy sites provides significant incremental cash flow .we may , however , incur additional segment .
Question: what is the real estate portfolios for asia of 2015?
Steps: Ask for number 2330
Answer: 2330.0
Question: and that of 2014?
| 1560.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
the long term .in addition , we have focused on building relationships with large multinational carriers such as airtel , telef f3nica s.a .and vodafone group plc .we believe that consistent carrier investments in their networks across our international markets position us to generate meaningful organic revenue growth going forward .in emerging markets , such as ghana , india , nigeria and uganda , wireless networks tend to be significantly less advanced than those in the united states , and initial voice networks continue to be deployed in underdeveloped areas .a majority of consumers in these markets still utilize basic wireless services , predominantly on feature phones , while advanced device penetration remains low .in more developed urban locations within these markets , early-stage data network deployments are underway .carriers are focused on completing voice network build-outs while also investing in initial data networks as wireless data usage and smartphone penetration within their customer bases begin to accelerate .in markets with rapidly evolving network technology , such as south africa and most of the countries in latin america where we do business , initial voice networks , for the most part , have already been built out , and carriers are focused on 3g network build outs , with select investments in 4g technology .consumers in these regions are increasingly adopting smartphones and other advanced devices , and as a result , the usage of bandwidth-intensive mobile applications is growing materially .recent spectrum auctions in these rapidly evolving markets have allowed incumbent carriers to accelerate their data network deployments and have also enabled new entrants to begin initial investments in data networks .smartphone penetration and wireless data usage in these markets are growing rapidly , which typically requires that carriers continue to invest in their networks in order to maintain and augment their quality of service .finally , in markets with more mature network technology , such as germany , carriers are focused on deploying 4g data networks to account for rapidly increasing wireless data usage amongst their customer base .with higher smartphone and advanced device penetration and significantly higher per capita data usage , carrier investment in networks is focused on 4g coverage and capacity .we believe that the network technology migration we have seen in the united states , which has led to significantly denser networks and meaningful new business commencements for us over a number of years , will ultimately be replicated in our less advanced international markets .as a result , we expect to be able to leverage our extensive international portfolio of approximately 60190 communications sites and the relationships we have built with our carrier customers to drive sustainable , long-term growth .we have holistic master lease agreements with certain of our tenants that provide for consistent , long-term revenue and a reduction in the likelihood of churn .our holistic master lease agreements build and augment strong strategic partnerships with our tenants and have significantly reduced collocation cycle times , thereby providing our tenants with the ability to rapidly and efficiently deploy equipment on our sites .property operations new site revenue growth .during the year ended december 31 , 2015 , we grew our portfolio of communications real estate through the acquisition and construction of approximately 25370 sites .in a majority of our asia , emea and latin america markets , the acquisition or construction of new sites resulted in increases in both tenant and pass- through revenues ( such as ground rent or power and fuel costs ) and expenses .we continue to evaluate opportunities to acquire communications real estate portfolios , both domestically and internationally , to determine whether they meet our risk-adjusted hurdle rates and whether we believe we can effectively integrate them into our existing portfolio. . new sites ( acquired or constructed ) | 2015 | 2014 | 2013
u.s . | 11595 | 900 | 5260
asia | 2330 | 1560 | 1260
emea | 4910 | 190 | 485
latin america | 6535 | 5800 | 6065 property operations expenses .direct operating expenses incurred by our property segments include direct site level expenses and consist primarily of ground rent and power and fuel costs , some or all of which may be passed through to our tenants , as well as property taxes , repairs and maintenance .these segment direct operating expenses exclude all segment and corporate selling , general , administrative and development expenses , which are aggregated into one line item entitled selling , general , administrative and development expense in our consolidated statements of operations .in general , our property segments 2019 selling , general , administrative and development expenses do not significantly increase as a result of adding incremental tenants to our legacy sites and typically increase only modestly year-over-year .as a result , leasing additional space to new tenants on our legacy sites provides significant incremental cash flow .we may , however , incur additional segment .
Question: what is the real estate portfolios for asia of 2015?
Steps: Ask for number 2330
Answer: 2330.0
Question: and that of 2014?
| convfinqa1962 |
the long term .in addition , we have focused on building relationships with large multinational carriers such as airtel , telef f3nica s.a .and vodafone group plc .we believe that consistent carrier investments in their networks across our international markets position us to generate meaningful organic revenue growth going forward .in emerging markets , such as ghana , india , nigeria and uganda , wireless networks tend to be significantly less advanced than those in the united states , and initial voice networks continue to be deployed in underdeveloped areas .a majority of consumers in these markets still utilize basic wireless services , predominantly on feature phones , while advanced device penetration remains low .in more developed urban locations within these markets , early-stage data network deployments are underway .carriers are focused on completing voice network build-outs while also investing in initial data networks as wireless data usage and smartphone penetration within their customer bases begin to accelerate .in markets with rapidly evolving network technology , such as south africa and most of the countries in latin america where we do business , initial voice networks , for the most part , have already been built out , and carriers are focused on 3g network build outs , with select investments in 4g technology .consumers in these regions are increasingly adopting smartphones and other advanced devices , and as a result , the usage of bandwidth-intensive mobile applications is growing materially .recent spectrum auctions in these rapidly evolving markets have allowed incumbent carriers to accelerate their data network deployments and have also enabled new entrants to begin initial investments in data networks .smartphone penetration and wireless data usage in these markets are growing rapidly , which typically requires that carriers continue to invest in their networks in order to maintain and augment their quality of service .finally , in markets with more mature network technology , such as germany , carriers are focused on deploying 4g data networks to account for rapidly increasing wireless data usage amongst their customer base .with higher smartphone and advanced device penetration and significantly higher per capita data usage , carrier investment in networks is focused on 4g coverage and capacity .we believe that the network technology migration we have seen in the united states , which has led to significantly denser networks and meaningful new business commencements for us over a number of years , will ultimately be replicated in our less advanced international markets .as a result , we expect to be able to leverage our extensive international portfolio of approximately 60190 communications sites and the relationships we have built with our carrier customers to drive sustainable , long-term growth .we have holistic master lease agreements with certain of our tenants that provide for consistent , long-term revenue and a reduction in the likelihood of churn .our holistic master lease agreements build and augment strong strategic partnerships with our tenants and have significantly reduced collocation cycle times , thereby providing our tenants with the ability to rapidly and efficiently deploy equipment on our sites .property operations new site revenue growth .during the year ended december 31 , 2015 , we grew our portfolio of communications real estate through the acquisition and construction of approximately 25370 sites .in a majority of our asia , emea and latin america markets , the acquisition or construction of new sites resulted in increases in both tenant and pass- through revenues ( such as ground rent or power and fuel costs ) and expenses .we continue to evaluate opportunities to acquire communications real estate portfolios , both domestically and internationally , to determine whether they meet our risk-adjusted hurdle rates and whether we believe we can effectively integrate them into our existing portfolio. . new sites ( acquired or constructed ) | 2015 | 2014 | 2013
u.s . | 11595 | 900 | 5260
asia | 2330 | 1560 | 1260
emea | 4910 | 190 | 485
latin america | 6535 | 5800 | 6065 property operations expenses .direct operating expenses incurred by our property segments include direct site level expenses and consist primarily of ground rent and power and fuel costs , some or all of which may be passed through to our tenants , as well as property taxes , repairs and maintenance .these segment direct operating expenses exclude all segment and corporate selling , general , administrative and development expenses , which are aggregated into one line item entitled selling , general , administrative and development expense in our consolidated statements of operations .in general , our property segments 2019 selling , general , administrative and development expenses do not significantly increase as a result of adding incremental tenants to our legacy sites and typically increase only modestly year-over-year .as a result , leasing additional space to new tenants on our legacy sites provides significant incremental cash flow .we may , however , incur additional segment .
Question: what is the real estate portfolios for asia of 2015?
Steps: Ask for number 2330
Answer: 2330.0
Question: and that of 2014?
Steps: Ask for number 1560
Answer: 1560.0
Question: what is the difference between the real estate portfolios for asia of 2015 and 2014?
| 770.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
the long term .in addition , we have focused on building relationships with large multinational carriers such as airtel , telef f3nica s.a .and vodafone group plc .we believe that consistent carrier investments in their networks across our international markets position us to generate meaningful organic revenue growth going forward .in emerging markets , such as ghana , india , nigeria and uganda , wireless networks tend to be significantly less advanced than those in the united states , and initial voice networks continue to be deployed in underdeveloped areas .a majority of consumers in these markets still utilize basic wireless services , predominantly on feature phones , while advanced device penetration remains low .in more developed urban locations within these markets , early-stage data network deployments are underway .carriers are focused on completing voice network build-outs while also investing in initial data networks as wireless data usage and smartphone penetration within their customer bases begin to accelerate .in markets with rapidly evolving network technology , such as south africa and most of the countries in latin america where we do business , initial voice networks , for the most part , have already been built out , and carriers are focused on 3g network build outs , with select investments in 4g technology .consumers in these regions are increasingly adopting smartphones and other advanced devices , and as a result , the usage of bandwidth-intensive mobile applications is growing materially .recent spectrum auctions in these rapidly evolving markets have allowed incumbent carriers to accelerate their data network deployments and have also enabled new entrants to begin initial investments in data networks .smartphone penetration and wireless data usage in these markets are growing rapidly , which typically requires that carriers continue to invest in their networks in order to maintain and augment their quality of service .finally , in markets with more mature network technology , such as germany , carriers are focused on deploying 4g data networks to account for rapidly increasing wireless data usage amongst their customer base .with higher smartphone and advanced device penetration and significantly higher per capita data usage , carrier investment in networks is focused on 4g coverage and capacity .we believe that the network technology migration we have seen in the united states , which has led to significantly denser networks and meaningful new business commencements for us over a number of years , will ultimately be replicated in our less advanced international markets .as a result , we expect to be able to leverage our extensive international portfolio of approximately 60190 communications sites and the relationships we have built with our carrier customers to drive sustainable , long-term growth .we have holistic master lease agreements with certain of our tenants that provide for consistent , long-term revenue and a reduction in the likelihood of churn .our holistic master lease agreements build and augment strong strategic partnerships with our tenants and have significantly reduced collocation cycle times , thereby providing our tenants with the ability to rapidly and efficiently deploy equipment on our sites .property operations new site revenue growth .during the year ended december 31 , 2015 , we grew our portfolio of communications real estate through the acquisition and construction of approximately 25370 sites .in a majority of our asia , emea and latin america markets , the acquisition or construction of new sites resulted in increases in both tenant and pass- through revenues ( such as ground rent or power and fuel costs ) and expenses .we continue to evaluate opportunities to acquire communications real estate portfolios , both domestically and internationally , to determine whether they meet our risk-adjusted hurdle rates and whether we believe we can effectively integrate them into our existing portfolio. . new sites ( acquired or constructed ) | 2015 | 2014 | 2013
u.s . | 11595 | 900 | 5260
asia | 2330 | 1560 | 1260
emea | 4910 | 190 | 485
latin america | 6535 | 5800 | 6065 property operations expenses .direct operating expenses incurred by our property segments include direct site level expenses and consist primarily of ground rent and power and fuel costs , some or all of which may be passed through to our tenants , as well as property taxes , repairs and maintenance .these segment direct operating expenses exclude all segment and corporate selling , general , administrative and development expenses , which are aggregated into one line item entitled selling , general , administrative and development expense in our consolidated statements of operations .in general , our property segments 2019 selling , general , administrative and development expenses do not significantly increase as a result of adding incremental tenants to our legacy sites and typically increase only modestly year-over-year .as a result , leasing additional space to new tenants on our legacy sites provides significant incremental cash flow .we may , however , incur additional segment .
Question: what is the real estate portfolios for asia of 2015?
Steps: Ask for number 2330
Answer: 2330.0
Question: and that of 2014?
Steps: Ask for number 1560
Answer: 1560.0
Question: what is the difference between the real estate portfolios for asia of 2015 and 2014?
| convfinqa1963 |
the long term .in addition , we have focused on building relationships with large multinational carriers such as airtel , telef f3nica s.a .and vodafone group plc .we believe that consistent carrier investments in their networks across our international markets position us to generate meaningful organic revenue growth going forward .in emerging markets , such as ghana , india , nigeria and uganda , wireless networks tend to be significantly less advanced than those in the united states , and initial voice networks continue to be deployed in underdeveloped areas .a majority of consumers in these markets still utilize basic wireless services , predominantly on feature phones , while advanced device penetration remains low .in more developed urban locations within these markets , early-stage data network deployments are underway .carriers are focused on completing voice network build-outs while also investing in initial data networks as wireless data usage and smartphone penetration within their customer bases begin to accelerate .in markets with rapidly evolving network technology , such as south africa and most of the countries in latin america where we do business , initial voice networks , for the most part , have already been built out , and carriers are focused on 3g network build outs , with select investments in 4g technology .consumers in these regions are increasingly adopting smartphones and other advanced devices , and as a result , the usage of bandwidth-intensive mobile applications is growing materially .recent spectrum auctions in these rapidly evolving markets have allowed incumbent carriers to accelerate their data network deployments and have also enabled new entrants to begin initial investments in data networks .smartphone penetration and wireless data usage in these markets are growing rapidly , which typically requires that carriers continue to invest in their networks in order to maintain and augment their quality of service .finally , in markets with more mature network technology , such as germany , carriers are focused on deploying 4g data networks to account for rapidly increasing wireless data usage amongst their customer base .with higher smartphone and advanced device penetration and significantly higher per capita data usage , carrier investment in networks is focused on 4g coverage and capacity .we believe that the network technology migration we have seen in the united states , which has led to significantly denser networks and meaningful new business commencements for us over a number of years , will ultimately be replicated in our less advanced international markets .as a result , we expect to be able to leverage our extensive international portfolio of approximately 60190 communications sites and the relationships we have built with our carrier customers to drive sustainable , long-term growth .we have holistic master lease agreements with certain of our tenants that provide for consistent , long-term revenue and a reduction in the likelihood of churn .our holistic master lease agreements build and augment strong strategic partnerships with our tenants and have significantly reduced collocation cycle times , thereby providing our tenants with the ability to rapidly and efficiently deploy equipment on our sites .property operations new site revenue growth .during the year ended december 31 , 2015 , we grew our portfolio of communications real estate through the acquisition and construction of approximately 25370 sites .in a majority of our asia , emea and latin america markets , the acquisition or construction of new sites resulted in increases in both tenant and pass- through revenues ( such as ground rent or power and fuel costs ) and expenses .we continue to evaluate opportunities to acquire communications real estate portfolios , both domestically and internationally , to determine whether they meet our risk-adjusted hurdle rates and whether we believe we can effectively integrate them into our existing portfolio. . new sites ( acquired or constructed ) | 2015 | 2014 | 2013
u.s . | 11595 | 900 | 5260
asia | 2330 | 1560 | 1260
emea | 4910 | 190 | 485
latin america | 6535 | 5800 | 6065 property operations expenses .direct operating expenses incurred by our property segments include direct site level expenses and consist primarily of ground rent and power and fuel costs , some or all of which may be passed through to our tenants , as well as property taxes , repairs and maintenance .these segment direct operating expenses exclude all segment and corporate selling , general , administrative and development expenses , which are aggregated into one line item entitled selling , general , administrative and development expense in our consolidated statements of operations .in general , our property segments 2019 selling , general , administrative and development expenses do not significantly increase as a result of adding incremental tenants to our legacy sites and typically increase only modestly year-over-year .as a result , leasing additional space to new tenants on our legacy sites provides significant incremental cash flow .we may , however , incur additional segment .
Question: what is the real estate portfolios for asia of 2015?
Steps: Ask for number 2330
Answer: 2330.0
Question: and that of 2014?
Steps: Ask for number 1560
Answer: 1560.0
Question: what is the difference between the real estate portfolios for asia of 2015 and 2014?
Steps: subtract(2330, 1560)
Answer: 770.0
Question: how much does that difference represents in relation to the real estate portfolios for asia of 2014?
| 0.49359 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
the long term .in addition , we have focused on building relationships with large multinational carriers such as airtel , telef f3nica s.a .and vodafone group plc .we believe that consistent carrier investments in their networks across our international markets position us to generate meaningful organic revenue growth going forward .in emerging markets , such as ghana , india , nigeria and uganda , wireless networks tend to be significantly less advanced than those in the united states , and initial voice networks continue to be deployed in underdeveloped areas .a majority of consumers in these markets still utilize basic wireless services , predominantly on feature phones , while advanced device penetration remains low .in more developed urban locations within these markets , early-stage data network deployments are underway .carriers are focused on completing voice network build-outs while also investing in initial data networks as wireless data usage and smartphone penetration within their customer bases begin to accelerate .in markets with rapidly evolving network technology , such as south africa and most of the countries in latin america where we do business , initial voice networks , for the most part , have already been built out , and carriers are focused on 3g network build outs , with select investments in 4g technology .consumers in these regions are increasingly adopting smartphones and other advanced devices , and as a result , the usage of bandwidth-intensive mobile applications is growing materially .recent spectrum auctions in these rapidly evolving markets have allowed incumbent carriers to accelerate their data network deployments and have also enabled new entrants to begin initial investments in data networks .smartphone penetration and wireless data usage in these markets are growing rapidly , which typically requires that carriers continue to invest in their networks in order to maintain and augment their quality of service .finally , in markets with more mature network technology , such as germany , carriers are focused on deploying 4g data networks to account for rapidly increasing wireless data usage amongst their customer base .with higher smartphone and advanced device penetration and significantly higher per capita data usage , carrier investment in networks is focused on 4g coverage and capacity .we believe that the network technology migration we have seen in the united states , which has led to significantly denser networks and meaningful new business commencements for us over a number of years , will ultimately be replicated in our less advanced international markets .as a result , we expect to be able to leverage our extensive international portfolio of approximately 60190 communications sites and the relationships we have built with our carrier customers to drive sustainable , long-term growth .we have holistic master lease agreements with certain of our tenants that provide for consistent , long-term revenue and a reduction in the likelihood of churn .our holistic master lease agreements build and augment strong strategic partnerships with our tenants and have significantly reduced collocation cycle times , thereby providing our tenants with the ability to rapidly and efficiently deploy equipment on our sites .property operations new site revenue growth .during the year ended december 31 , 2015 , we grew our portfolio of communications real estate through the acquisition and construction of approximately 25370 sites .in a majority of our asia , emea and latin america markets , the acquisition or construction of new sites resulted in increases in both tenant and pass- through revenues ( such as ground rent or power and fuel costs ) and expenses .we continue to evaluate opportunities to acquire communications real estate portfolios , both domestically and internationally , to determine whether they meet our risk-adjusted hurdle rates and whether we believe we can effectively integrate them into our existing portfolio. . new sites ( acquired or constructed ) | 2015 | 2014 | 2013
u.s . | 11595 | 900 | 5260
asia | 2330 | 1560 | 1260
emea | 4910 | 190 | 485
latin america | 6535 | 5800 | 6065 property operations expenses .direct operating expenses incurred by our property segments include direct site level expenses and consist primarily of ground rent and power and fuel costs , some or all of which may be passed through to our tenants , as well as property taxes , repairs and maintenance .these segment direct operating expenses exclude all segment and corporate selling , general , administrative and development expenses , which are aggregated into one line item entitled selling , general , administrative and development expense in our consolidated statements of operations .in general , our property segments 2019 selling , general , administrative and development expenses do not significantly increase as a result of adding incremental tenants to our legacy sites and typically increase only modestly year-over-year .as a result , leasing additional space to new tenants on our legacy sites provides significant incremental cash flow .we may , however , incur additional segment .
Question: what is the real estate portfolios for asia of 2015?
Steps: Ask for number 2330
Answer: 2330.0
Question: and that of 2014?
Steps: Ask for number 1560
Answer: 1560.0
Question: what is the difference between the real estate portfolios for asia of 2015 and 2014?
Steps: subtract(2330, 1560)
Answer: 770.0
Question: how much does that difference represents in relation to the real estate portfolios for asia of 2014?
| convfinqa1964 |
company stock performance the following graph shows a five-year comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 composite index , the s&p computer hardware index , and the dow jones u.s .technology index .the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 composite index , the s&p computer hardware index , and the dow jones u.s .technology index on september 30 , 2006 .data points on the graph are annual .note that historic stock price performance is not necessarily indicative of future stock price performance .comparison of 5 year cumulative total return* among apple inc. , the s&p 500 index , the s&p computer hardware index and the dow jones us technology index sep-10sep-09sep-08sep-07sep-06 sep-11 apple inc .s&p 500 s&p computer hardware dow jones us technology *$ 100 invested on 9/30/06 in stock or index , including reinvestment of dividends .fiscal year ending september 30 .copyright a9 2011 s&p , a division of the mcgraw-hill companies inc .all rights reserved .copyright a9 2011 dow jones & co .all rights reserved .september 30 , september 30 , september 30 , september 30 , september 30 , september 30 . | september 30 2006 | september 30 2007 | september 30 2008 | september 30 2009 | september 30 2010 | september 30 2011
apple inc . | $ 100 | $ 199 | $ 148 | $ 241 | $ 369 | $ 495
s&p 500 | $ 100 | $ 116 | $ 91 | $ 85 | $ 93 | $ 94
s&p computer hardware | $ 100 | $ 148 | $ 124 | $ 147 | $ 174 | $ 197
dow jones us technology | $ 100 | $ 123 | $ 94 | $ 104 | $ 117 | $ 120 .
Question: what was the change in price for apple inc. between 9/30/11 and 9/30/06?
| 395.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
company stock performance the following graph shows a five-year comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 composite index , the s&p computer hardware index , and the dow jones u.s .technology index .the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 composite index , the s&p computer hardware index , and the dow jones u.s .technology index on september 30 , 2006 .data points on the graph are annual .note that historic stock price performance is not necessarily indicative of future stock price performance .comparison of 5 year cumulative total return* among apple inc. , the s&p 500 index , the s&p computer hardware index and the dow jones us technology index sep-10sep-09sep-08sep-07sep-06 sep-11 apple inc .s&p 500 s&p computer hardware dow jones us technology *$ 100 invested on 9/30/06 in stock or index , including reinvestment of dividends .fiscal year ending september 30 .copyright a9 2011 s&p , a division of the mcgraw-hill companies inc .all rights reserved .copyright a9 2011 dow jones & co .all rights reserved .september 30 , september 30 , september 30 , september 30 , september 30 , september 30 . | september 30 2006 | september 30 2007 | september 30 2008 | september 30 2009 | september 30 2010 | september 30 2011
apple inc . | $ 100 | $ 199 | $ 148 | $ 241 | $ 369 | $ 495
s&p 500 | $ 100 | $ 116 | $ 91 | $ 85 | $ 93 | $ 94
s&p computer hardware | $ 100 | $ 148 | $ 124 | $ 147 | $ 174 | $ 197
dow jones us technology | $ 100 | $ 123 | $ 94 | $ 104 | $ 117 | $ 120 .
Question: what was the change in price for apple inc. between 9/30/11 and 9/30/06?
| convfinqa1965 |
company stock performance the following graph shows a five-year comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 composite index , the s&p computer hardware index , and the dow jones u.s .technology index .the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 composite index , the s&p computer hardware index , and the dow jones u.s .technology index on september 30 , 2006 .data points on the graph are annual .note that historic stock price performance is not necessarily indicative of future stock price performance .comparison of 5 year cumulative total return* among apple inc. , the s&p 500 index , the s&p computer hardware index and the dow jones us technology index sep-10sep-09sep-08sep-07sep-06 sep-11 apple inc .s&p 500 s&p computer hardware dow jones us technology *$ 100 invested on 9/30/06 in stock or index , including reinvestment of dividends .fiscal year ending september 30 .copyright a9 2011 s&p , a division of the mcgraw-hill companies inc .all rights reserved .copyright a9 2011 dow jones & co .all rights reserved .september 30 , september 30 , september 30 , september 30 , september 30 , september 30 . | september 30 2006 | september 30 2007 | september 30 2008 | september 30 2009 | september 30 2010 | september 30 2011
apple inc . | $ 100 | $ 199 | $ 148 | $ 241 | $ 369 | $ 495
s&p 500 | $ 100 | $ 116 | $ 91 | $ 85 | $ 93 | $ 94
s&p computer hardware | $ 100 | $ 148 | $ 124 | $ 147 | $ 174 | $ 197
dow jones us technology | $ 100 | $ 123 | $ 94 | $ 104 | $ 117 | $ 120 .
Question: what was the change in price for apple inc. between 9/30/11 and 9/30/06?
Steps: Ask for number 495
Answer: 395.0
Question: so what was the cumulative percentage return during this time?
| 3.95 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
company stock performance the following graph shows a five-year comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 composite index , the s&p computer hardware index , and the dow jones u.s .technology index .the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 composite index , the s&p computer hardware index , and the dow jones u.s .technology index on september 30 , 2006 .data points on the graph are annual .note that historic stock price performance is not necessarily indicative of future stock price performance .comparison of 5 year cumulative total return* among apple inc. , the s&p 500 index , the s&p computer hardware index and the dow jones us technology index sep-10sep-09sep-08sep-07sep-06 sep-11 apple inc .s&p 500 s&p computer hardware dow jones us technology *$ 100 invested on 9/30/06 in stock or index , including reinvestment of dividends .fiscal year ending september 30 .copyright a9 2011 s&p , a division of the mcgraw-hill companies inc .all rights reserved .copyright a9 2011 dow jones & co .all rights reserved .september 30 , september 30 , september 30 , september 30 , september 30 , september 30 . | september 30 2006 | september 30 2007 | september 30 2008 | september 30 2009 | september 30 2010 | september 30 2011
apple inc . | $ 100 | $ 199 | $ 148 | $ 241 | $ 369 | $ 495
s&p 500 | $ 100 | $ 116 | $ 91 | $ 85 | $ 93 | $ 94
s&p computer hardware | $ 100 | $ 148 | $ 124 | $ 147 | $ 174 | $ 197
dow jones us technology | $ 100 | $ 123 | $ 94 | $ 104 | $ 117 | $ 120 .
Question: what was the change in price for apple inc. between 9/30/11 and 9/30/06?
Steps: Ask for number 495
Answer: 395.0
Question: so what was the cumulative percentage return during this time?
| convfinqa1966 |
company stock performance the following graph shows a five-year comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 composite index , the s&p computer hardware index , and the dow jones u.s .technology index .the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 composite index , the s&p computer hardware index , and the dow jones u.s .technology index on september 30 , 2006 .data points on the graph are annual .note that historic stock price performance is not necessarily indicative of future stock price performance .comparison of 5 year cumulative total return* among apple inc. , the s&p 500 index , the s&p computer hardware index and the dow jones us technology index sep-10sep-09sep-08sep-07sep-06 sep-11 apple inc .s&p 500 s&p computer hardware dow jones us technology *$ 100 invested on 9/30/06 in stock or index , including reinvestment of dividends .fiscal year ending september 30 .copyright a9 2011 s&p , a division of the mcgraw-hill companies inc .all rights reserved .copyright a9 2011 dow jones & co .all rights reserved .september 30 , september 30 , september 30 , september 30 , september 30 , september 30 . | september 30 2006 | september 30 2007 | september 30 2008 | september 30 2009 | september 30 2010 | september 30 2011
apple inc . | $ 100 | $ 199 | $ 148 | $ 241 | $ 369 | $ 495
s&p 500 | $ 100 | $ 116 | $ 91 | $ 85 | $ 93 | $ 94
s&p computer hardware | $ 100 | $ 148 | $ 124 | $ 147 | $ 174 | $ 197
dow jones us technology | $ 100 | $ 123 | $ 94 | $ 104 | $ 117 | $ 120 .
Question: what was the change in price for apple inc. between 9/30/11 and 9/30/06?
Steps: Ask for number 495
Answer: 395.0
Question: so what was the cumulative percentage return during this time?
Steps: Ask for number 100
Answer: 3.95
Question: did apple inc. have a better return for the year 9/30/09 than the s&p 500?
| yes | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
company stock performance the following graph shows a five-year comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 composite index , the s&p computer hardware index , and the dow jones u.s .technology index .the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 composite index , the s&p computer hardware index , and the dow jones u.s .technology index on september 30 , 2006 .data points on the graph are annual .note that historic stock price performance is not necessarily indicative of future stock price performance .comparison of 5 year cumulative total return* among apple inc. , the s&p 500 index , the s&p computer hardware index and the dow jones us technology index sep-10sep-09sep-08sep-07sep-06 sep-11 apple inc .s&p 500 s&p computer hardware dow jones us technology *$ 100 invested on 9/30/06 in stock or index , including reinvestment of dividends .fiscal year ending september 30 .copyright a9 2011 s&p , a division of the mcgraw-hill companies inc .all rights reserved .copyright a9 2011 dow jones & co .all rights reserved .september 30 , september 30 , september 30 , september 30 , september 30 , september 30 . | september 30 2006 | september 30 2007 | september 30 2008 | september 30 2009 | september 30 2010 | september 30 2011
apple inc . | $ 100 | $ 199 | $ 148 | $ 241 | $ 369 | $ 495
s&p 500 | $ 100 | $ 116 | $ 91 | $ 85 | $ 93 | $ 94
s&p computer hardware | $ 100 | $ 148 | $ 124 | $ 147 | $ 174 | $ 197
dow jones us technology | $ 100 | $ 123 | $ 94 | $ 104 | $ 117 | $ 120 .
Question: what was the change in price for apple inc. between 9/30/11 and 9/30/06?
Steps: Ask for number 495
Answer: 395.0
Question: so what was the cumulative percentage return during this time?
Steps: Ask for number 100
Answer: 3.95
Question: did apple inc. have a better return for the year 9/30/09 than the s&p 500?
| convfinqa1967 |
notes to consolidated financial statements 2014 ( continued ) company 2019s financial statements and establishes guidelines for recognition and measurement of a tax position taken or expected to be taken in a tax return .as a result of this adoption , we recorded a $ 1.5 million increase in the liability for unrecognized income tax benefits , which was accounted for as a $ 1.0 million reduction to the june 1 , 2007 balance of retained earnings and a $ 0.5 million reduction to the june 1 , 2007 balance of additional paid-in capital .as of the adoption date , other long-term liabilities included liabilities for unrecognized income tax benefits of $ 3.8 million and accrued interest and penalties of $ 0.7 million .a reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows ( in thousands ) : . balance at june 1 2007 | $ 3760
additions based on tax positions related to the current year | 93
additions for tax positions of prior years | 50
reductions for tax positions of prior years | 2014
settlements with taxing authorities | -190 ( 190 )
balance at may 31 2008 | $ 3713 as of may 31 , 2008 , the total amount of gross unrecognized tax benefits that , if recognized , would affect the effective tax rate is $ 3.7 million .we recognize accrued interest related to unrecognized income tax benefits in interest expense and accrued penalty expense related to unrecognized tax benefits in sales , general and administrative expenses .during fiscal 2008 , we recorded $ 0.3 million of accrued interest and penalty expense related to the unrecognized income tax benefits .we anticipate the total amount of unrecognized income tax benefits will decrease by $ 1.1 million net of interest and penalties from our foreign operations within the next 12 months as a result of the expiration of the statute of limitations .we conduct business globally and file income tax returns in the united states federal jurisdiction and various state and foreign jurisdictions .in the normal course of business , we are subject to examination by taxing authorities throughout the world , including such major jurisdictions as the united states and canada .with few exceptions , we are no longer subject to income tax examinations for years ended may 31 , 2003 and prior .we are currently under audit by the internal revenue service of the united states for the 2004 to 2005 tax years .we expect that the examination phase of the audit for the years 2004 to 2005 will conclude in fiscal 2009 .note 8 2014shareholders 2019 equity on april 5 , 2007 , our board of directors approved a share repurchase program that authorized the purchase of up to $ 100 million of global payments 2019 stock in the open market or as otherwise may be determined by us , subject to market conditions , business opportunities , and other factors .under this authorization , we repurchased 2.3 million shares of our common stock during fiscal 2008 at a cost of $ 87.0 million , or an average of $ 37.85 per share , including commissions .as of may 31 , 2008 , we had $ 13.0 million remaining under our current share repurchase authorization .no amounts were repurchased during fiscal 2007 .note 9 2014share-based awards and options as of may 31 , 2008 , we had four share-based employee compensation plans .for all share-based awards granted after june 1 , 2006 , compensation expense is recognized on a straight-line basis .the fair value of share- based awards granted prior to june 1 , 2006 is amortized as compensation expense on an accelerated basis from the date of the grant .there was no share-based compensation capitalized during fiscal 2008 , 2007 , and 2006. .
Question: what was the net change in the balance of unrecognized tax benefits from 2007 to 2008?
| -47.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
notes to consolidated financial statements 2014 ( continued ) company 2019s financial statements and establishes guidelines for recognition and measurement of a tax position taken or expected to be taken in a tax return .as a result of this adoption , we recorded a $ 1.5 million increase in the liability for unrecognized income tax benefits , which was accounted for as a $ 1.0 million reduction to the june 1 , 2007 balance of retained earnings and a $ 0.5 million reduction to the june 1 , 2007 balance of additional paid-in capital .as of the adoption date , other long-term liabilities included liabilities for unrecognized income tax benefits of $ 3.8 million and accrued interest and penalties of $ 0.7 million .a reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows ( in thousands ) : . balance at june 1 2007 | $ 3760
additions based on tax positions related to the current year | 93
additions for tax positions of prior years | 50
reductions for tax positions of prior years | 2014
settlements with taxing authorities | -190 ( 190 )
balance at may 31 2008 | $ 3713 as of may 31 , 2008 , the total amount of gross unrecognized tax benefits that , if recognized , would affect the effective tax rate is $ 3.7 million .we recognize accrued interest related to unrecognized income tax benefits in interest expense and accrued penalty expense related to unrecognized tax benefits in sales , general and administrative expenses .during fiscal 2008 , we recorded $ 0.3 million of accrued interest and penalty expense related to the unrecognized income tax benefits .we anticipate the total amount of unrecognized income tax benefits will decrease by $ 1.1 million net of interest and penalties from our foreign operations within the next 12 months as a result of the expiration of the statute of limitations .we conduct business globally and file income tax returns in the united states federal jurisdiction and various state and foreign jurisdictions .in the normal course of business , we are subject to examination by taxing authorities throughout the world , including such major jurisdictions as the united states and canada .with few exceptions , we are no longer subject to income tax examinations for years ended may 31 , 2003 and prior .we are currently under audit by the internal revenue service of the united states for the 2004 to 2005 tax years .we expect that the examination phase of the audit for the years 2004 to 2005 will conclude in fiscal 2009 .note 8 2014shareholders 2019 equity on april 5 , 2007 , our board of directors approved a share repurchase program that authorized the purchase of up to $ 100 million of global payments 2019 stock in the open market or as otherwise may be determined by us , subject to market conditions , business opportunities , and other factors .under this authorization , we repurchased 2.3 million shares of our common stock during fiscal 2008 at a cost of $ 87.0 million , or an average of $ 37.85 per share , including commissions .as of may 31 , 2008 , we had $ 13.0 million remaining under our current share repurchase authorization .no amounts were repurchased during fiscal 2007 .note 9 2014share-based awards and options as of may 31 , 2008 , we had four share-based employee compensation plans .for all share-based awards granted after june 1 , 2006 , compensation expense is recognized on a straight-line basis .the fair value of share- based awards granted prior to june 1 , 2006 is amortized as compensation expense on an accelerated basis from the date of the grant .there was no share-based compensation capitalized during fiscal 2008 , 2007 , and 2006. .
Question: what was the net change in the balance of unrecognized tax benefits from 2007 to 2008?
| convfinqa1968 |
notes to consolidated financial statements 2014 ( continued ) company 2019s financial statements and establishes guidelines for recognition and measurement of a tax position taken or expected to be taken in a tax return .as a result of this adoption , we recorded a $ 1.5 million increase in the liability for unrecognized income tax benefits , which was accounted for as a $ 1.0 million reduction to the june 1 , 2007 balance of retained earnings and a $ 0.5 million reduction to the june 1 , 2007 balance of additional paid-in capital .as of the adoption date , other long-term liabilities included liabilities for unrecognized income tax benefits of $ 3.8 million and accrued interest and penalties of $ 0.7 million .a reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows ( in thousands ) : . balance at june 1 2007 | $ 3760
additions based on tax positions related to the current year | 93
additions for tax positions of prior years | 50
reductions for tax positions of prior years | 2014
settlements with taxing authorities | -190 ( 190 )
balance at may 31 2008 | $ 3713 as of may 31 , 2008 , the total amount of gross unrecognized tax benefits that , if recognized , would affect the effective tax rate is $ 3.7 million .we recognize accrued interest related to unrecognized income tax benefits in interest expense and accrued penalty expense related to unrecognized tax benefits in sales , general and administrative expenses .during fiscal 2008 , we recorded $ 0.3 million of accrued interest and penalty expense related to the unrecognized income tax benefits .we anticipate the total amount of unrecognized income tax benefits will decrease by $ 1.1 million net of interest and penalties from our foreign operations within the next 12 months as a result of the expiration of the statute of limitations .we conduct business globally and file income tax returns in the united states federal jurisdiction and various state and foreign jurisdictions .in the normal course of business , we are subject to examination by taxing authorities throughout the world , including such major jurisdictions as the united states and canada .with few exceptions , we are no longer subject to income tax examinations for years ended may 31 , 2003 and prior .we are currently under audit by the internal revenue service of the united states for the 2004 to 2005 tax years .we expect that the examination phase of the audit for the years 2004 to 2005 will conclude in fiscal 2009 .note 8 2014shareholders 2019 equity on april 5 , 2007 , our board of directors approved a share repurchase program that authorized the purchase of up to $ 100 million of global payments 2019 stock in the open market or as otherwise may be determined by us , subject to market conditions , business opportunities , and other factors .under this authorization , we repurchased 2.3 million shares of our common stock during fiscal 2008 at a cost of $ 87.0 million , or an average of $ 37.85 per share , including commissions .as of may 31 , 2008 , we had $ 13.0 million remaining under our current share repurchase authorization .no amounts were repurchased during fiscal 2007 .note 9 2014share-based awards and options as of may 31 , 2008 , we had four share-based employee compensation plans .for all share-based awards granted after june 1 , 2006 , compensation expense is recognized on a straight-line basis .the fair value of share- based awards granted prior to june 1 , 2006 is amortized as compensation expense on an accelerated basis from the date of the grant .there was no share-based compensation capitalized during fiscal 2008 , 2007 , and 2006. .
Question: what was the net change in the balance of unrecognized tax benefits from 2007 to 2008?
Steps: subtract(3713, 3760)
Answer: -47.0
Question: and as of may of that last year, what was the amount remaining under the current share repurchase authorization?
| 13000000.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
notes to consolidated financial statements 2014 ( continued ) company 2019s financial statements and establishes guidelines for recognition and measurement of a tax position taken or expected to be taken in a tax return .as a result of this adoption , we recorded a $ 1.5 million increase in the liability for unrecognized income tax benefits , which was accounted for as a $ 1.0 million reduction to the june 1 , 2007 balance of retained earnings and a $ 0.5 million reduction to the june 1 , 2007 balance of additional paid-in capital .as of the adoption date , other long-term liabilities included liabilities for unrecognized income tax benefits of $ 3.8 million and accrued interest and penalties of $ 0.7 million .a reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows ( in thousands ) : . balance at june 1 2007 | $ 3760
additions based on tax positions related to the current year | 93
additions for tax positions of prior years | 50
reductions for tax positions of prior years | 2014
settlements with taxing authorities | -190 ( 190 )
balance at may 31 2008 | $ 3713 as of may 31 , 2008 , the total amount of gross unrecognized tax benefits that , if recognized , would affect the effective tax rate is $ 3.7 million .we recognize accrued interest related to unrecognized income tax benefits in interest expense and accrued penalty expense related to unrecognized tax benefits in sales , general and administrative expenses .during fiscal 2008 , we recorded $ 0.3 million of accrued interest and penalty expense related to the unrecognized income tax benefits .we anticipate the total amount of unrecognized income tax benefits will decrease by $ 1.1 million net of interest and penalties from our foreign operations within the next 12 months as a result of the expiration of the statute of limitations .we conduct business globally and file income tax returns in the united states federal jurisdiction and various state and foreign jurisdictions .in the normal course of business , we are subject to examination by taxing authorities throughout the world , including such major jurisdictions as the united states and canada .with few exceptions , we are no longer subject to income tax examinations for years ended may 31 , 2003 and prior .we are currently under audit by the internal revenue service of the united states for the 2004 to 2005 tax years .we expect that the examination phase of the audit for the years 2004 to 2005 will conclude in fiscal 2009 .note 8 2014shareholders 2019 equity on april 5 , 2007 , our board of directors approved a share repurchase program that authorized the purchase of up to $ 100 million of global payments 2019 stock in the open market or as otherwise may be determined by us , subject to market conditions , business opportunities , and other factors .under this authorization , we repurchased 2.3 million shares of our common stock during fiscal 2008 at a cost of $ 87.0 million , or an average of $ 37.85 per share , including commissions .as of may 31 , 2008 , we had $ 13.0 million remaining under our current share repurchase authorization .no amounts were repurchased during fiscal 2007 .note 9 2014share-based awards and options as of may 31 , 2008 , we had four share-based employee compensation plans .for all share-based awards granted after june 1 , 2006 , compensation expense is recognized on a straight-line basis .the fair value of share- based awards granted prior to june 1 , 2006 is amortized as compensation expense on an accelerated basis from the date of the grant .there was no share-based compensation capitalized during fiscal 2008 , 2007 , and 2006. .
Question: what was the net change in the balance of unrecognized tax benefits from 2007 to 2008?
Steps: subtract(3713, 3760)
Answer: -47.0
Question: and as of may of that last year, what was the amount remaining under the current share repurchase authorization?
| convfinqa1969 |
notes to consolidated financial statements 2014 ( continued ) company 2019s financial statements and establishes guidelines for recognition and measurement of a tax position taken or expected to be taken in a tax return .as a result of this adoption , we recorded a $ 1.5 million increase in the liability for unrecognized income tax benefits , which was accounted for as a $ 1.0 million reduction to the june 1 , 2007 balance of retained earnings and a $ 0.5 million reduction to the june 1 , 2007 balance of additional paid-in capital .as of the adoption date , other long-term liabilities included liabilities for unrecognized income tax benefits of $ 3.8 million and accrued interest and penalties of $ 0.7 million .a reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows ( in thousands ) : . balance at june 1 2007 | $ 3760
additions based on tax positions related to the current year | 93
additions for tax positions of prior years | 50
reductions for tax positions of prior years | 2014
settlements with taxing authorities | -190 ( 190 )
balance at may 31 2008 | $ 3713 as of may 31 , 2008 , the total amount of gross unrecognized tax benefits that , if recognized , would affect the effective tax rate is $ 3.7 million .we recognize accrued interest related to unrecognized income tax benefits in interest expense and accrued penalty expense related to unrecognized tax benefits in sales , general and administrative expenses .during fiscal 2008 , we recorded $ 0.3 million of accrued interest and penalty expense related to the unrecognized income tax benefits .we anticipate the total amount of unrecognized income tax benefits will decrease by $ 1.1 million net of interest and penalties from our foreign operations within the next 12 months as a result of the expiration of the statute of limitations .we conduct business globally and file income tax returns in the united states federal jurisdiction and various state and foreign jurisdictions .in the normal course of business , we are subject to examination by taxing authorities throughout the world , including such major jurisdictions as the united states and canada .with few exceptions , we are no longer subject to income tax examinations for years ended may 31 , 2003 and prior .we are currently under audit by the internal revenue service of the united states for the 2004 to 2005 tax years .we expect that the examination phase of the audit for the years 2004 to 2005 will conclude in fiscal 2009 .note 8 2014shareholders 2019 equity on april 5 , 2007 , our board of directors approved a share repurchase program that authorized the purchase of up to $ 100 million of global payments 2019 stock in the open market or as otherwise may be determined by us , subject to market conditions , business opportunities , and other factors .under this authorization , we repurchased 2.3 million shares of our common stock during fiscal 2008 at a cost of $ 87.0 million , or an average of $ 37.85 per share , including commissions .as of may 31 , 2008 , we had $ 13.0 million remaining under our current share repurchase authorization .no amounts were repurchased during fiscal 2007 .note 9 2014share-based awards and options as of may 31 , 2008 , we had four share-based employee compensation plans .for all share-based awards granted after june 1 , 2006 , compensation expense is recognized on a straight-line basis .the fair value of share- based awards granted prior to june 1 , 2006 is amortized as compensation expense on an accelerated basis from the date of the grant .there was no share-based compensation capitalized during fiscal 2008 , 2007 , and 2006. .
Question: what was the net change in the balance of unrecognized tax benefits from 2007 to 2008?
Steps: subtract(3713, 3760)
Answer: -47.0
Question: and as of may of that last year, what was the amount remaining under the current share repurchase authorization?
Steps: multiply(13.0, const_1000000)
Answer: 13000000.0
Question: assuming an average share price of $ 37.85, what was the number of shares that could be bought with this amount?
| 343461.03038 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
notes to consolidated financial statements 2014 ( continued ) company 2019s financial statements and establishes guidelines for recognition and measurement of a tax position taken or expected to be taken in a tax return .as a result of this adoption , we recorded a $ 1.5 million increase in the liability for unrecognized income tax benefits , which was accounted for as a $ 1.0 million reduction to the june 1 , 2007 balance of retained earnings and a $ 0.5 million reduction to the june 1 , 2007 balance of additional paid-in capital .as of the adoption date , other long-term liabilities included liabilities for unrecognized income tax benefits of $ 3.8 million and accrued interest and penalties of $ 0.7 million .a reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows ( in thousands ) : . balance at june 1 2007 | $ 3760
additions based on tax positions related to the current year | 93
additions for tax positions of prior years | 50
reductions for tax positions of prior years | 2014
settlements with taxing authorities | -190 ( 190 )
balance at may 31 2008 | $ 3713 as of may 31 , 2008 , the total amount of gross unrecognized tax benefits that , if recognized , would affect the effective tax rate is $ 3.7 million .we recognize accrued interest related to unrecognized income tax benefits in interest expense and accrued penalty expense related to unrecognized tax benefits in sales , general and administrative expenses .during fiscal 2008 , we recorded $ 0.3 million of accrued interest and penalty expense related to the unrecognized income tax benefits .we anticipate the total amount of unrecognized income tax benefits will decrease by $ 1.1 million net of interest and penalties from our foreign operations within the next 12 months as a result of the expiration of the statute of limitations .we conduct business globally and file income tax returns in the united states federal jurisdiction and various state and foreign jurisdictions .in the normal course of business , we are subject to examination by taxing authorities throughout the world , including such major jurisdictions as the united states and canada .with few exceptions , we are no longer subject to income tax examinations for years ended may 31 , 2003 and prior .we are currently under audit by the internal revenue service of the united states for the 2004 to 2005 tax years .we expect that the examination phase of the audit for the years 2004 to 2005 will conclude in fiscal 2009 .note 8 2014shareholders 2019 equity on april 5 , 2007 , our board of directors approved a share repurchase program that authorized the purchase of up to $ 100 million of global payments 2019 stock in the open market or as otherwise may be determined by us , subject to market conditions , business opportunities , and other factors .under this authorization , we repurchased 2.3 million shares of our common stock during fiscal 2008 at a cost of $ 87.0 million , or an average of $ 37.85 per share , including commissions .as of may 31 , 2008 , we had $ 13.0 million remaining under our current share repurchase authorization .no amounts were repurchased during fiscal 2007 .note 9 2014share-based awards and options as of may 31 , 2008 , we had four share-based employee compensation plans .for all share-based awards granted after june 1 , 2006 , compensation expense is recognized on a straight-line basis .the fair value of share- based awards granted prior to june 1 , 2006 is amortized as compensation expense on an accelerated basis from the date of the grant .there was no share-based compensation capitalized during fiscal 2008 , 2007 , and 2006. .
Question: what was the net change in the balance of unrecognized tax benefits from 2007 to 2008?
Steps: subtract(3713, 3760)
Answer: -47.0
Question: and as of may of that last year, what was the amount remaining under the current share repurchase authorization?
Steps: multiply(13.0, const_1000000)
Answer: 13000000.0
Question: assuming an average share price of $ 37.85, what was the number of shares that could be bought with this amount?
| convfinqa1970 |
bhge 2017 form 10-k | 27 the short term .we do , however , view the long term economics of the lng industry as positive given our outlook for supply and demand .2022 refinery , petrochemical and industrial projects : in refining , we believe large , complex refineries should gain advantage in a more competitive , oversupplied landscape in 2018 as the industry globalizes and refiners position to meet local demand and secure export potential .in petrochemicals , we continue to see healthy demand and cost-advantaged supply driving projects forward in 2018 .the industrial market continues to grow as outdated infrastructure is replaced , policy changes come into effect and power is decentralized .we continue to see growing demand across these markets in 2018 .we have other segments in our portfolio that are more correlated with different industrial metrics such as our digital solutions business .overall , we believe our portfolio is uniquely positioned to compete across the value chain , and deliver unique solutions for our customers .we remain optimistic about the long-term economics of the industry , but are continuing to operate with flexibility given our expectations for volatility and changing assumptions in the near term .in 2016 , solar and wind net additions exceeded coal and gas for the first time and it continued throughout 2017 .governments may change or may not continue incentives for renewable energy additions .in the long term , renewables' cost decline may accelerate to compete with new-built fossil capacity , however , we do not anticipate any significant impacts to our business in the foreseeable future .despite the near-term volatility , the long-term outlook for our industry remains strong .we believe the world 2019s demand for energy will continue to rise , and the supply of energy will continue to increase in complexity , requiring greater service intensity and more advanced technology from oilfield service companies .as such , we remain focused on delivering innovative cost-efficient solutions that deliver step changes in operating and economic performance for our customers .business environment the following discussion and analysis summarizes the significant factors affecting our results of operations , financial condition and liquidity position as of and for the year ended december 31 , 2017 , 2016 and 2015 , and should be read in conjunction with the consolidated and combined financial statements and related notes of the company .amounts reported in millions in graphs within this report are computed based on the amounts in hundreds .as a result , the sum of the components reported in millions may not equal the total amount reported in millions due to rounding .we operate in more than 120 countries helping customers find , evaluate , drill , produce , transport and process hydrocarbon resources .our revenue is predominately generated from the sale of products and services to major , national , and independent oil and natural gas companies worldwide , and is dependent on spending by our customers for oil and natural gas exploration , field development and production .this spending is driven by a number of factors , including our customers' forecasts of future energy demand and supply , their access to resources to develop and produce oil and natural gas , their ability to fund their capital programs , the impact of new government regulations and most importantly , their expectations for oil and natural gas prices as a key driver of their cash flows .oil and natural gas prices oil and natural gas prices are summarized in the table below as averages of the daily closing prices during each of the periods indicated. . | 2017 | 2016 | 2015
brent oil prices ( $ /bbl ) ( 1 ) | $ 54.12 | $ 43.64 | $ 52.32
wti oil prices ( $ /bbl ) ( 2 ) | 50.80 | 43.29 | 48.66
natural gas prices ( $ /mmbtu ) ( 3 ) | 2.99 | 2.52 | 2.62 brent oil prices ( $ /bbl ) ( 1 ) $ 54.12 $ 43.64 $ 52.32 wti oil prices ( $ /bbl ) ( 2 ) 50.80 43.29 48.66 natural gas prices ( $ /mmbtu ) ( 3 ) 2.99 2.52 2.62 ( 1 ) energy information administration ( eia ) europe brent spot price per barrel .
Question: what was the value of brent oil prices in 2017?
| 54.12 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
bhge 2017 form 10-k | 27 the short term .we do , however , view the long term economics of the lng industry as positive given our outlook for supply and demand .2022 refinery , petrochemical and industrial projects : in refining , we believe large , complex refineries should gain advantage in a more competitive , oversupplied landscape in 2018 as the industry globalizes and refiners position to meet local demand and secure export potential .in petrochemicals , we continue to see healthy demand and cost-advantaged supply driving projects forward in 2018 .the industrial market continues to grow as outdated infrastructure is replaced , policy changes come into effect and power is decentralized .we continue to see growing demand across these markets in 2018 .we have other segments in our portfolio that are more correlated with different industrial metrics such as our digital solutions business .overall , we believe our portfolio is uniquely positioned to compete across the value chain , and deliver unique solutions for our customers .we remain optimistic about the long-term economics of the industry , but are continuing to operate with flexibility given our expectations for volatility and changing assumptions in the near term .in 2016 , solar and wind net additions exceeded coal and gas for the first time and it continued throughout 2017 .governments may change or may not continue incentives for renewable energy additions .in the long term , renewables' cost decline may accelerate to compete with new-built fossil capacity , however , we do not anticipate any significant impacts to our business in the foreseeable future .despite the near-term volatility , the long-term outlook for our industry remains strong .we believe the world 2019s demand for energy will continue to rise , and the supply of energy will continue to increase in complexity , requiring greater service intensity and more advanced technology from oilfield service companies .as such , we remain focused on delivering innovative cost-efficient solutions that deliver step changes in operating and economic performance for our customers .business environment the following discussion and analysis summarizes the significant factors affecting our results of operations , financial condition and liquidity position as of and for the year ended december 31 , 2017 , 2016 and 2015 , and should be read in conjunction with the consolidated and combined financial statements and related notes of the company .amounts reported in millions in graphs within this report are computed based on the amounts in hundreds .as a result , the sum of the components reported in millions may not equal the total amount reported in millions due to rounding .we operate in more than 120 countries helping customers find , evaluate , drill , produce , transport and process hydrocarbon resources .our revenue is predominately generated from the sale of products and services to major , national , and independent oil and natural gas companies worldwide , and is dependent on spending by our customers for oil and natural gas exploration , field development and production .this spending is driven by a number of factors , including our customers' forecasts of future energy demand and supply , their access to resources to develop and produce oil and natural gas , their ability to fund their capital programs , the impact of new government regulations and most importantly , their expectations for oil and natural gas prices as a key driver of their cash flows .oil and natural gas prices oil and natural gas prices are summarized in the table below as averages of the daily closing prices during each of the periods indicated. . | 2017 | 2016 | 2015
brent oil prices ( $ /bbl ) ( 1 ) | $ 54.12 | $ 43.64 | $ 52.32
wti oil prices ( $ /bbl ) ( 2 ) | 50.80 | 43.29 | 48.66
natural gas prices ( $ /mmbtu ) ( 3 ) | 2.99 | 2.52 | 2.62 brent oil prices ( $ /bbl ) ( 1 ) $ 54.12 $ 43.64 $ 52.32 wti oil prices ( $ /bbl ) ( 2 ) 50.80 43.29 48.66 natural gas prices ( $ /mmbtu ) ( 3 ) 2.99 2.52 2.62 ( 1 ) energy information administration ( eia ) europe brent spot price per barrel .
Question: what was the value of brent oil prices in 2017?
| convfinqa1971 |
bhge 2017 form 10-k | 27 the short term .we do , however , view the long term economics of the lng industry as positive given our outlook for supply and demand .2022 refinery , petrochemical and industrial projects : in refining , we believe large , complex refineries should gain advantage in a more competitive , oversupplied landscape in 2018 as the industry globalizes and refiners position to meet local demand and secure export potential .in petrochemicals , we continue to see healthy demand and cost-advantaged supply driving projects forward in 2018 .the industrial market continues to grow as outdated infrastructure is replaced , policy changes come into effect and power is decentralized .we continue to see growing demand across these markets in 2018 .we have other segments in our portfolio that are more correlated with different industrial metrics such as our digital solutions business .overall , we believe our portfolio is uniquely positioned to compete across the value chain , and deliver unique solutions for our customers .we remain optimistic about the long-term economics of the industry , but are continuing to operate with flexibility given our expectations for volatility and changing assumptions in the near term .in 2016 , solar and wind net additions exceeded coal and gas for the first time and it continued throughout 2017 .governments may change or may not continue incentives for renewable energy additions .in the long term , renewables' cost decline may accelerate to compete with new-built fossil capacity , however , we do not anticipate any significant impacts to our business in the foreseeable future .despite the near-term volatility , the long-term outlook for our industry remains strong .we believe the world 2019s demand for energy will continue to rise , and the supply of energy will continue to increase in complexity , requiring greater service intensity and more advanced technology from oilfield service companies .as such , we remain focused on delivering innovative cost-efficient solutions that deliver step changes in operating and economic performance for our customers .business environment the following discussion and analysis summarizes the significant factors affecting our results of operations , financial condition and liquidity position as of and for the year ended december 31 , 2017 , 2016 and 2015 , and should be read in conjunction with the consolidated and combined financial statements and related notes of the company .amounts reported in millions in graphs within this report are computed based on the amounts in hundreds .as a result , the sum of the components reported in millions may not equal the total amount reported in millions due to rounding .we operate in more than 120 countries helping customers find , evaluate , drill , produce , transport and process hydrocarbon resources .our revenue is predominately generated from the sale of products and services to major , national , and independent oil and natural gas companies worldwide , and is dependent on spending by our customers for oil and natural gas exploration , field development and production .this spending is driven by a number of factors , including our customers' forecasts of future energy demand and supply , their access to resources to develop and produce oil and natural gas , their ability to fund their capital programs , the impact of new government regulations and most importantly , their expectations for oil and natural gas prices as a key driver of their cash flows .oil and natural gas prices oil and natural gas prices are summarized in the table below as averages of the daily closing prices during each of the periods indicated. . | 2017 | 2016 | 2015
brent oil prices ( $ /bbl ) ( 1 ) | $ 54.12 | $ 43.64 | $ 52.32
wti oil prices ( $ /bbl ) ( 2 ) | 50.80 | 43.29 | 48.66
natural gas prices ( $ /mmbtu ) ( 3 ) | 2.99 | 2.52 | 2.62 brent oil prices ( $ /bbl ) ( 1 ) $ 54.12 $ 43.64 $ 52.32 wti oil prices ( $ /bbl ) ( 2 ) 50.80 43.29 48.66 natural gas prices ( $ /mmbtu ) ( 3 ) 2.99 2.52 2.62 ( 1 ) energy information administration ( eia ) europe brent spot price per barrel .
Question: what was the value of brent oil prices in 2017?
Steps: Ask for number 54.12
Answer: 54.12
Question: what was the value in 2016?
| 43.64 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
bhge 2017 form 10-k | 27 the short term .we do , however , view the long term economics of the lng industry as positive given our outlook for supply and demand .2022 refinery , petrochemical and industrial projects : in refining , we believe large , complex refineries should gain advantage in a more competitive , oversupplied landscape in 2018 as the industry globalizes and refiners position to meet local demand and secure export potential .in petrochemicals , we continue to see healthy demand and cost-advantaged supply driving projects forward in 2018 .the industrial market continues to grow as outdated infrastructure is replaced , policy changes come into effect and power is decentralized .we continue to see growing demand across these markets in 2018 .we have other segments in our portfolio that are more correlated with different industrial metrics such as our digital solutions business .overall , we believe our portfolio is uniquely positioned to compete across the value chain , and deliver unique solutions for our customers .we remain optimistic about the long-term economics of the industry , but are continuing to operate with flexibility given our expectations for volatility and changing assumptions in the near term .in 2016 , solar and wind net additions exceeded coal and gas for the first time and it continued throughout 2017 .governments may change or may not continue incentives for renewable energy additions .in the long term , renewables' cost decline may accelerate to compete with new-built fossil capacity , however , we do not anticipate any significant impacts to our business in the foreseeable future .despite the near-term volatility , the long-term outlook for our industry remains strong .we believe the world 2019s demand for energy will continue to rise , and the supply of energy will continue to increase in complexity , requiring greater service intensity and more advanced technology from oilfield service companies .as such , we remain focused on delivering innovative cost-efficient solutions that deliver step changes in operating and economic performance for our customers .business environment the following discussion and analysis summarizes the significant factors affecting our results of operations , financial condition and liquidity position as of and for the year ended december 31 , 2017 , 2016 and 2015 , and should be read in conjunction with the consolidated and combined financial statements and related notes of the company .amounts reported in millions in graphs within this report are computed based on the amounts in hundreds .as a result , the sum of the components reported in millions may not equal the total amount reported in millions due to rounding .we operate in more than 120 countries helping customers find , evaluate , drill , produce , transport and process hydrocarbon resources .our revenue is predominately generated from the sale of products and services to major , national , and independent oil and natural gas companies worldwide , and is dependent on spending by our customers for oil and natural gas exploration , field development and production .this spending is driven by a number of factors , including our customers' forecasts of future energy demand and supply , their access to resources to develop and produce oil and natural gas , their ability to fund their capital programs , the impact of new government regulations and most importantly , their expectations for oil and natural gas prices as a key driver of their cash flows .oil and natural gas prices oil and natural gas prices are summarized in the table below as averages of the daily closing prices during each of the periods indicated. . | 2017 | 2016 | 2015
brent oil prices ( $ /bbl ) ( 1 ) | $ 54.12 | $ 43.64 | $ 52.32
wti oil prices ( $ /bbl ) ( 2 ) | 50.80 | 43.29 | 48.66
natural gas prices ( $ /mmbtu ) ( 3 ) | 2.99 | 2.52 | 2.62 brent oil prices ( $ /bbl ) ( 1 ) $ 54.12 $ 43.64 $ 52.32 wti oil prices ( $ /bbl ) ( 2 ) 50.80 43.29 48.66 natural gas prices ( $ /mmbtu ) ( 3 ) 2.99 2.52 2.62 ( 1 ) energy information administration ( eia ) europe brent spot price per barrel .
Question: what was the value of brent oil prices in 2017?
Steps: Ask for number 54.12
Answer: 54.12
Question: what was the value in 2016?
| convfinqa1972 |
bhge 2017 form 10-k | 27 the short term .we do , however , view the long term economics of the lng industry as positive given our outlook for supply and demand .2022 refinery , petrochemical and industrial projects : in refining , we believe large , complex refineries should gain advantage in a more competitive , oversupplied landscape in 2018 as the industry globalizes and refiners position to meet local demand and secure export potential .in petrochemicals , we continue to see healthy demand and cost-advantaged supply driving projects forward in 2018 .the industrial market continues to grow as outdated infrastructure is replaced , policy changes come into effect and power is decentralized .we continue to see growing demand across these markets in 2018 .we have other segments in our portfolio that are more correlated with different industrial metrics such as our digital solutions business .overall , we believe our portfolio is uniquely positioned to compete across the value chain , and deliver unique solutions for our customers .we remain optimistic about the long-term economics of the industry , but are continuing to operate with flexibility given our expectations for volatility and changing assumptions in the near term .in 2016 , solar and wind net additions exceeded coal and gas for the first time and it continued throughout 2017 .governments may change or may not continue incentives for renewable energy additions .in the long term , renewables' cost decline may accelerate to compete with new-built fossil capacity , however , we do not anticipate any significant impacts to our business in the foreseeable future .despite the near-term volatility , the long-term outlook for our industry remains strong .we believe the world 2019s demand for energy will continue to rise , and the supply of energy will continue to increase in complexity , requiring greater service intensity and more advanced technology from oilfield service companies .as such , we remain focused on delivering innovative cost-efficient solutions that deliver step changes in operating and economic performance for our customers .business environment the following discussion and analysis summarizes the significant factors affecting our results of operations , financial condition and liquidity position as of and for the year ended december 31 , 2017 , 2016 and 2015 , and should be read in conjunction with the consolidated and combined financial statements and related notes of the company .amounts reported in millions in graphs within this report are computed based on the amounts in hundreds .as a result , the sum of the components reported in millions may not equal the total amount reported in millions due to rounding .we operate in more than 120 countries helping customers find , evaluate , drill , produce , transport and process hydrocarbon resources .our revenue is predominately generated from the sale of products and services to major , national , and independent oil and natural gas companies worldwide , and is dependent on spending by our customers for oil and natural gas exploration , field development and production .this spending is driven by a number of factors , including our customers' forecasts of future energy demand and supply , their access to resources to develop and produce oil and natural gas , their ability to fund their capital programs , the impact of new government regulations and most importantly , their expectations for oil and natural gas prices as a key driver of their cash flows .oil and natural gas prices oil and natural gas prices are summarized in the table below as averages of the daily closing prices during each of the periods indicated. . | 2017 | 2016 | 2015
brent oil prices ( $ /bbl ) ( 1 ) | $ 54.12 | $ 43.64 | $ 52.32
wti oil prices ( $ /bbl ) ( 2 ) | 50.80 | 43.29 | 48.66
natural gas prices ( $ /mmbtu ) ( 3 ) | 2.99 | 2.52 | 2.62 brent oil prices ( $ /bbl ) ( 1 ) $ 54.12 $ 43.64 $ 52.32 wti oil prices ( $ /bbl ) ( 2 ) 50.80 43.29 48.66 natural gas prices ( $ /mmbtu ) ( 3 ) 2.99 2.52 2.62 ( 1 ) energy information administration ( eia ) europe brent spot price per barrel .
Question: what was the value of brent oil prices in 2017?
Steps: Ask for number 54.12
Answer: 54.12
Question: what was the value in 2016?
Steps: Ask for number 43.64
Answer: 43.64
Question: what is the net change in value?
| 10.48 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
bhge 2017 form 10-k | 27 the short term .we do , however , view the long term economics of the lng industry as positive given our outlook for supply and demand .2022 refinery , petrochemical and industrial projects : in refining , we believe large , complex refineries should gain advantage in a more competitive , oversupplied landscape in 2018 as the industry globalizes and refiners position to meet local demand and secure export potential .in petrochemicals , we continue to see healthy demand and cost-advantaged supply driving projects forward in 2018 .the industrial market continues to grow as outdated infrastructure is replaced , policy changes come into effect and power is decentralized .we continue to see growing demand across these markets in 2018 .we have other segments in our portfolio that are more correlated with different industrial metrics such as our digital solutions business .overall , we believe our portfolio is uniquely positioned to compete across the value chain , and deliver unique solutions for our customers .we remain optimistic about the long-term economics of the industry , but are continuing to operate with flexibility given our expectations for volatility and changing assumptions in the near term .in 2016 , solar and wind net additions exceeded coal and gas for the first time and it continued throughout 2017 .governments may change or may not continue incentives for renewable energy additions .in the long term , renewables' cost decline may accelerate to compete with new-built fossil capacity , however , we do not anticipate any significant impacts to our business in the foreseeable future .despite the near-term volatility , the long-term outlook for our industry remains strong .we believe the world 2019s demand for energy will continue to rise , and the supply of energy will continue to increase in complexity , requiring greater service intensity and more advanced technology from oilfield service companies .as such , we remain focused on delivering innovative cost-efficient solutions that deliver step changes in operating and economic performance for our customers .business environment the following discussion and analysis summarizes the significant factors affecting our results of operations , financial condition and liquidity position as of and for the year ended december 31 , 2017 , 2016 and 2015 , and should be read in conjunction with the consolidated and combined financial statements and related notes of the company .amounts reported in millions in graphs within this report are computed based on the amounts in hundreds .as a result , the sum of the components reported in millions may not equal the total amount reported in millions due to rounding .we operate in more than 120 countries helping customers find , evaluate , drill , produce , transport and process hydrocarbon resources .our revenue is predominately generated from the sale of products and services to major , national , and independent oil and natural gas companies worldwide , and is dependent on spending by our customers for oil and natural gas exploration , field development and production .this spending is driven by a number of factors , including our customers' forecasts of future energy demand and supply , their access to resources to develop and produce oil and natural gas , their ability to fund their capital programs , the impact of new government regulations and most importantly , their expectations for oil and natural gas prices as a key driver of their cash flows .oil and natural gas prices oil and natural gas prices are summarized in the table below as averages of the daily closing prices during each of the periods indicated. . | 2017 | 2016 | 2015
brent oil prices ( $ /bbl ) ( 1 ) | $ 54.12 | $ 43.64 | $ 52.32
wti oil prices ( $ /bbl ) ( 2 ) | 50.80 | 43.29 | 48.66
natural gas prices ( $ /mmbtu ) ( 3 ) | 2.99 | 2.52 | 2.62 brent oil prices ( $ /bbl ) ( 1 ) $ 54.12 $ 43.64 $ 52.32 wti oil prices ( $ /bbl ) ( 2 ) 50.80 43.29 48.66 natural gas prices ( $ /mmbtu ) ( 3 ) 2.99 2.52 2.62 ( 1 ) energy information administration ( eia ) europe brent spot price per barrel .
Question: what was the value of brent oil prices in 2017?
Steps: Ask for number 54.12
Answer: 54.12
Question: what was the value in 2016?
Steps: Ask for number 43.64
Answer: 43.64
Question: what is the net change in value?
| convfinqa1973 |
bhge 2017 form 10-k | 27 the short term .we do , however , view the long term economics of the lng industry as positive given our outlook for supply and demand .2022 refinery , petrochemical and industrial projects : in refining , we believe large , complex refineries should gain advantage in a more competitive , oversupplied landscape in 2018 as the industry globalizes and refiners position to meet local demand and secure export potential .in petrochemicals , we continue to see healthy demand and cost-advantaged supply driving projects forward in 2018 .the industrial market continues to grow as outdated infrastructure is replaced , policy changes come into effect and power is decentralized .we continue to see growing demand across these markets in 2018 .we have other segments in our portfolio that are more correlated with different industrial metrics such as our digital solutions business .overall , we believe our portfolio is uniquely positioned to compete across the value chain , and deliver unique solutions for our customers .we remain optimistic about the long-term economics of the industry , but are continuing to operate with flexibility given our expectations for volatility and changing assumptions in the near term .in 2016 , solar and wind net additions exceeded coal and gas for the first time and it continued throughout 2017 .governments may change or may not continue incentives for renewable energy additions .in the long term , renewables' cost decline may accelerate to compete with new-built fossil capacity , however , we do not anticipate any significant impacts to our business in the foreseeable future .despite the near-term volatility , the long-term outlook for our industry remains strong .we believe the world 2019s demand for energy will continue to rise , and the supply of energy will continue to increase in complexity , requiring greater service intensity and more advanced technology from oilfield service companies .as such , we remain focused on delivering innovative cost-efficient solutions that deliver step changes in operating and economic performance for our customers .business environment the following discussion and analysis summarizes the significant factors affecting our results of operations , financial condition and liquidity position as of and for the year ended december 31 , 2017 , 2016 and 2015 , and should be read in conjunction with the consolidated and combined financial statements and related notes of the company .amounts reported in millions in graphs within this report are computed based on the amounts in hundreds .as a result , the sum of the components reported in millions may not equal the total amount reported in millions due to rounding .we operate in more than 120 countries helping customers find , evaluate , drill , produce , transport and process hydrocarbon resources .our revenue is predominately generated from the sale of products and services to major , national , and independent oil and natural gas companies worldwide , and is dependent on spending by our customers for oil and natural gas exploration , field development and production .this spending is driven by a number of factors , including our customers' forecasts of future energy demand and supply , their access to resources to develop and produce oil and natural gas , their ability to fund their capital programs , the impact of new government regulations and most importantly , their expectations for oil and natural gas prices as a key driver of their cash flows .oil and natural gas prices oil and natural gas prices are summarized in the table below as averages of the daily closing prices during each of the periods indicated. . | 2017 | 2016 | 2015
brent oil prices ( $ /bbl ) ( 1 ) | $ 54.12 | $ 43.64 | $ 52.32
wti oil prices ( $ /bbl ) ( 2 ) | 50.80 | 43.29 | 48.66
natural gas prices ( $ /mmbtu ) ( 3 ) | 2.99 | 2.52 | 2.62 brent oil prices ( $ /bbl ) ( 1 ) $ 54.12 $ 43.64 $ 52.32 wti oil prices ( $ /bbl ) ( 2 ) 50.80 43.29 48.66 natural gas prices ( $ /mmbtu ) ( 3 ) 2.99 2.52 2.62 ( 1 ) energy information administration ( eia ) europe brent spot price per barrel .
Question: what was the value of brent oil prices in 2017?
Steps: Ask for number 54.12
Answer: 54.12
Question: what was the value in 2016?
Steps: Ask for number 43.64
Answer: 43.64
Question: what is the net change in value?
Steps: subtract(54.12, 43.64)
Answer: 10.48
Question: what was the 2016 value?
| 43.64 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
bhge 2017 form 10-k | 27 the short term .we do , however , view the long term economics of the lng industry as positive given our outlook for supply and demand .2022 refinery , petrochemical and industrial projects : in refining , we believe large , complex refineries should gain advantage in a more competitive , oversupplied landscape in 2018 as the industry globalizes and refiners position to meet local demand and secure export potential .in petrochemicals , we continue to see healthy demand and cost-advantaged supply driving projects forward in 2018 .the industrial market continues to grow as outdated infrastructure is replaced , policy changes come into effect and power is decentralized .we continue to see growing demand across these markets in 2018 .we have other segments in our portfolio that are more correlated with different industrial metrics such as our digital solutions business .overall , we believe our portfolio is uniquely positioned to compete across the value chain , and deliver unique solutions for our customers .we remain optimistic about the long-term economics of the industry , but are continuing to operate with flexibility given our expectations for volatility and changing assumptions in the near term .in 2016 , solar and wind net additions exceeded coal and gas for the first time and it continued throughout 2017 .governments may change or may not continue incentives for renewable energy additions .in the long term , renewables' cost decline may accelerate to compete with new-built fossil capacity , however , we do not anticipate any significant impacts to our business in the foreseeable future .despite the near-term volatility , the long-term outlook for our industry remains strong .we believe the world 2019s demand for energy will continue to rise , and the supply of energy will continue to increase in complexity , requiring greater service intensity and more advanced technology from oilfield service companies .as such , we remain focused on delivering innovative cost-efficient solutions that deliver step changes in operating and economic performance for our customers .business environment the following discussion and analysis summarizes the significant factors affecting our results of operations , financial condition and liquidity position as of and for the year ended december 31 , 2017 , 2016 and 2015 , and should be read in conjunction with the consolidated and combined financial statements and related notes of the company .amounts reported in millions in graphs within this report are computed based on the amounts in hundreds .as a result , the sum of the components reported in millions may not equal the total amount reported in millions due to rounding .we operate in more than 120 countries helping customers find , evaluate , drill , produce , transport and process hydrocarbon resources .our revenue is predominately generated from the sale of products and services to major , national , and independent oil and natural gas companies worldwide , and is dependent on spending by our customers for oil and natural gas exploration , field development and production .this spending is driven by a number of factors , including our customers' forecasts of future energy demand and supply , their access to resources to develop and produce oil and natural gas , their ability to fund their capital programs , the impact of new government regulations and most importantly , their expectations for oil and natural gas prices as a key driver of their cash flows .oil and natural gas prices oil and natural gas prices are summarized in the table below as averages of the daily closing prices during each of the periods indicated. . | 2017 | 2016 | 2015
brent oil prices ( $ /bbl ) ( 1 ) | $ 54.12 | $ 43.64 | $ 52.32
wti oil prices ( $ /bbl ) ( 2 ) | 50.80 | 43.29 | 48.66
natural gas prices ( $ /mmbtu ) ( 3 ) | 2.99 | 2.52 | 2.62 brent oil prices ( $ /bbl ) ( 1 ) $ 54.12 $ 43.64 $ 52.32 wti oil prices ( $ /bbl ) ( 2 ) 50.80 43.29 48.66 natural gas prices ( $ /mmbtu ) ( 3 ) 2.99 2.52 2.62 ( 1 ) energy information administration ( eia ) europe brent spot price per barrel .
Question: what was the value of brent oil prices in 2017?
Steps: Ask for number 54.12
Answer: 54.12
Question: what was the value in 2016?
Steps: Ask for number 43.64
Answer: 43.64
Question: what is the net change in value?
Steps: subtract(54.12, 43.64)
Answer: 10.48
Question: what was the 2016 value?
| convfinqa1974 |
bhge 2017 form 10-k | 27 the short term .we do , however , view the long term economics of the lng industry as positive given our outlook for supply and demand .2022 refinery , petrochemical and industrial projects : in refining , we believe large , complex refineries should gain advantage in a more competitive , oversupplied landscape in 2018 as the industry globalizes and refiners position to meet local demand and secure export potential .in petrochemicals , we continue to see healthy demand and cost-advantaged supply driving projects forward in 2018 .the industrial market continues to grow as outdated infrastructure is replaced , policy changes come into effect and power is decentralized .we continue to see growing demand across these markets in 2018 .we have other segments in our portfolio that are more correlated with different industrial metrics such as our digital solutions business .overall , we believe our portfolio is uniquely positioned to compete across the value chain , and deliver unique solutions for our customers .we remain optimistic about the long-term economics of the industry , but are continuing to operate with flexibility given our expectations for volatility and changing assumptions in the near term .in 2016 , solar and wind net additions exceeded coal and gas for the first time and it continued throughout 2017 .governments may change or may not continue incentives for renewable energy additions .in the long term , renewables' cost decline may accelerate to compete with new-built fossil capacity , however , we do not anticipate any significant impacts to our business in the foreseeable future .despite the near-term volatility , the long-term outlook for our industry remains strong .we believe the world 2019s demand for energy will continue to rise , and the supply of energy will continue to increase in complexity , requiring greater service intensity and more advanced technology from oilfield service companies .as such , we remain focused on delivering innovative cost-efficient solutions that deliver step changes in operating and economic performance for our customers .business environment the following discussion and analysis summarizes the significant factors affecting our results of operations , financial condition and liquidity position as of and for the year ended december 31 , 2017 , 2016 and 2015 , and should be read in conjunction with the consolidated and combined financial statements and related notes of the company .amounts reported in millions in graphs within this report are computed based on the amounts in hundreds .as a result , the sum of the components reported in millions may not equal the total amount reported in millions due to rounding .we operate in more than 120 countries helping customers find , evaluate , drill , produce , transport and process hydrocarbon resources .our revenue is predominately generated from the sale of products and services to major , national , and independent oil and natural gas companies worldwide , and is dependent on spending by our customers for oil and natural gas exploration , field development and production .this spending is driven by a number of factors , including our customers' forecasts of future energy demand and supply , their access to resources to develop and produce oil and natural gas , their ability to fund their capital programs , the impact of new government regulations and most importantly , their expectations for oil and natural gas prices as a key driver of their cash flows .oil and natural gas prices oil and natural gas prices are summarized in the table below as averages of the daily closing prices during each of the periods indicated. . | 2017 | 2016 | 2015
brent oil prices ( $ /bbl ) ( 1 ) | $ 54.12 | $ 43.64 | $ 52.32
wti oil prices ( $ /bbl ) ( 2 ) | 50.80 | 43.29 | 48.66
natural gas prices ( $ /mmbtu ) ( 3 ) | 2.99 | 2.52 | 2.62 brent oil prices ( $ /bbl ) ( 1 ) $ 54.12 $ 43.64 $ 52.32 wti oil prices ( $ /bbl ) ( 2 ) 50.80 43.29 48.66 natural gas prices ( $ /mmbtu ) ( 3 ) 2.99 2.52 2.62 ( 1 ) energy information administration ( eia ) europe brent spot price per barrel .
Question: what was the value of brent oil prices in 2017?
Steps: Ask for number 54.12
Answer: 54.12
Question: what was the value in 2016?
Steps: Ask for number 43.64
Answer: 43.64
Question: what is the net change in value?
Steps: subtract(54.12, 43.64)
Answer: 10.48
Question: what was the 2016 value?
Steps: Ask for number 43.64
Answer: 43.64
Question: what is the percent change?
| 0.24015 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
bhge 2017 form 10-k | 27 the short term .we do , however , view the long term economics of the lng industry as positive given our outlook for supply and demand .2022 refinery , petrochemical and industrial projects : in refining , we believe large , complex refineries should gain advantage in a more competitive , oversupplied landscape in 2018 as the industry globalizes and refiners position to meet local demand and secure export potential .in petrochemicals , we continue to see healthy demand and cost-advantaged supply driving projects forward in 2018 .the industrial market continues to grow as outdated infrastructure is replaced , policy changes come into effect and power is decentralized .we continue to see growing demand across these markets in 2018 .we have other segments in our portfolio that are more correlated with different industrial metrics such as our digital solutions business .overall , we believe our portfolio is uniquely positioned to compete across the value chain , and deliver unique solutions for our customers .we remain optimistic about the long-term economics of the industry , but are continuing to operate with flexibility given our expectations for volatility and changing assumptions in the near term .in 2016 , solar and wind net additions exceeded coal and gas for the first time and it continued throughout 2017 .governments may change or may not continue incentives for renewable energy additions .in the long term , renewables' cost decline may accelerate to compete with new-built fossil capacity , however , we do not anticipate any significant impacts to our business in the foreseeable future .despite the near-term volatility , the long-term outlook for our industry remains strong .we believe the world 2019s demand for energy will continue to rise , and the supply of energy will continue to increase in complexity , requiring greater service intensity and more advanced technology from oilfield service companies .as such , we remain focused on delivering innovative cost-efficient solutions that deliver step changes in operating and economic performance for our customers .business environment the following discussion and analysis summarizes the significant factors affecting our results of operations , financial condition and liquidity position as of and for the year ended december 31 , 2017 , 2016 and 2015 , and should be read in conjunction with the consolidated and combined financial statements and related notes of the company .amounts reported in millions in graphs within this report are computed based on the amounts in hundreds .as a result , the sum of the components reported in millions may not equal the total amount reported in millions due to rounding .we operate in more than 120 countries helping customers find , evaluate , drill , produce , transport and process hydrocarbon resources .our revenue is predominately generated from the sale of products and services to major , national , and independent oil and natural gas companies worldwide , and is dependent on spending by our customers for oil and natural gas exploration , field development and production .this spending is driven by a number of factors , including our customers' forecasts of future energy demand and supply , their access to resources to develop and produce oil and natural gas , their ability to fund their capital programs , the impact of new government regulations and most importantly , their expectations for oil and natural gas prices as a key driver of their cash flows .oil and natural gas prices oil and natural gas prices are summarized in the table below as averages of the daily closing prices during each of the periods indicated. . | 2017 | 2016 | 2015
brent oil prices ( $ /bbl ) ( 1 ) | $ 54.12 | $ 43.64 | $ 52.32
wti oil prices ( $ /bbl ) ( 2 ) | 50.80 | 43.29 | 48.66
natural gas prices ( $ /mmbtu ) ( 3 ) | 2.99 | 2.52 | 2.62 brent oil prices ( $ /bbl ) ( 1 ) $ 54.12 $ 43.64 $ 52.32 wti oil prices ( $ /bbl ) ( 2 ) 50.80 43.29 48.66 natural gas prices ( $ /mmbtu ) ( 3 ) 2.99 2.52 2.62 ( 1 ) energy information administration ( eia ) europe brent spot price per barrel .
Question: what was the value of brent oil prices in 2017?
Steps: Ask for number 54.12
Answer: 54.12
Question: what was the value in 2016?
Steps: Ask for number 43.64
Answer: 43.64
Question: what is the net change in value?
Steps: subtract(54.12, 43.64)
Answer: 10.48
Question: what was the 2016 value?
Steps: Ask for number 43.64
Answer: 43.64
Question: what is the percent change?
| convfinqa1975 |
the following table details the effect on net income and earnings per share had compensation expense for all of our stock-based awards , including stock options , been recorded in the year ended december 31 , 2005 based on the fair value method under fasb statement no .123 , accounting for stock-based compensation .pro forma stock-based compensation expense millions of dollars , except per share amounts 2005 . pro forma stock-based compensation expensemillions of dollars except per share amounts | 2005
net income as reported | $ 1026
stock-based employee compensation expense reported in net income net of tax | 13
total stock-based employee compensation expense determined under fair value 2013based method for allawards net of tax [a] | -50 ( 50 )
pro forma net income | $ 989
earnings per share 2013 basic as reported | $ 3.89
earnings per share 2013 basic pro forma | $ 3.75
earnings per share 2013 diluted as reported | $ 3.85
earnings per share 2013 diluted pro forma | $ 3.71 [a] stock options for executives granted in 2003 and 2002 included a reload feature .this reload feature allowed executives to exercise their options using shares of union pacific corporation common stock that they already owned and obtain a new grant of options in the amount of the shares used for exercise plus any shares withheld for tax purposes .the reload feature of these option grants could only be exercised if the price of our common stock increased at least 20% ( 20 % ) from the price at the time of the reload grant .during the year ended december 31 , 2005 , reload option grants represented $ 19 million of the pro forma expense noted above .there were no reload option grants during 2007 and 2006 as stock options exercised after january 1 , 2006 are not eligible for the reload feature .earnings per share 2013 basic earnings per share are calculated on the weighted-average number of common shares outstanding during each period .diluted earnings per share include shares issuable upon exercise of outstanding stock options and stock-based awards where the conversion of such instruments would be dilutive .use of estimates 2013 our consolidated financial statements include estimates and assumptions regarding certain assets , liabilities , revenue , and expenses and the disclosure of certain contingent assets and liabilities .actual future results may differ from such estimates .income taxes 2013 as required under fasb statement no .109 , accounting for income taxes , we account for income taxes by recording taxes payable or refundable for the current year and deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in our financial statements or tax returns .these expected future tax consequences are measured based on provisions of tax law as currently enacted ; the effects of future changes in tax laws are not anticipated .future tax law changes , such as a change in the corporate tax rate , could have a material impact on our financial condition or results of operations .when appropriate , we record a valuation allowance against deferred tax assets to offset future tax benefits that may not be realized .in determining whether a valuation allowance is appropriate , we consider whether it is more likely than not that all or some portion of our deferred tax assets will not be realized , based on management 2019s judgments regarding the best available evidence about future events .when we have claimed tax benefits that may be challenged by a tax authority , these uncertain tax positions are accounted for under fasb interpretation no .48 , accounting for uncertainty in income taxes , an interpretation of fasb statement no .109 ( fin 48 ) .we adopted fin 48 beginning january 1 , 2007 .prior to 2007 , income tax contingencies were accounted for under fasb statement no .5 , accounting for contingencies .under fin 48 , we recognize tax benefits only for tax positions that are more likely than not to be sustained upon examination by tax authorities .the amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely to be realized upon settlement .a liability for 201cunrecognized tax benefits 201d is .
Question: what was the earnings per share in 2013 diluted as reported?
| 3.71 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
the following table details the effect on net income and earnings per share had compensation expense for all of our stock-based awards , including stock options , been recorded in the year ended december 31 , 2005 based on the fair value method under fasb statement no .123 , accounting for stock-based compensation .pro forma stock-based compensation expense millions of dollars , except per share amounts 2005 . pro forma stock-based compensation expensemillions of dollars except per share amounts | 2005
net income as reported | $ 1026
stock-based employee compensation expense reported in net income net of tax | 13
total stock-based employee compensation expense determined under fair value 2013based method for allawards net of tax [a] | -50 ( 50 )
pro forma net income | $ 989
earnings per share 2013 basic as reported | $ 3.89
earnings per share 2013 basic pro forma | $ 3.75
earnings per share 2013 diluted as reported | $ 3.85
earnings per share 2013 diluted pro forma | $ 3.71 [a] stock options for executives granted in 2003 and 2002 included a reload feature .this reload feature allowed executives to exercise their options using shares of union pacific corporation common stock that they already owned and obtain a new grant of options in the amount of the shares used for exercise plus any shares withheld for tax purposes .the reload feature of these option grants could only be exercised if the price of our common stock increased at least 20% ( 20 % ) from the price at the time of the reload grant .during the year ended december 31 , 2005 , reload option grants represented $ 19 million of the pro forma expense noted above .there were no reload option grants during 2007 and 2006 as stock options exercised after january 1 , 2006 are not eligible for the reload feature .earnings per share 2013 basic earnings per share are calculated on the weighted-average number of common shares outstanding during each period .diluted earnings per share include shares issuable upon exercise of outstanding stock options and stock-based awards where the conversion of such instruments would be dilutive .use of estimates 2013 our consolidated financial statements include estimates and assumptions regarding certain assets , liabilities , revenue , and expenses and the disclosure of certain contingent assets and liabilities .actual future results may differ from such estimates .income taxes 2013 as required under fasb statement no .109 , accounting for income taxes , we account for income taxes by recording taxes payable or refundable for the current year and deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in our financial statements or tax returns .these expected future tax consequences are measured based on provisions of tax law as currently enacted ; the effects of future changes in tax laws are not anticipated .future tax law changes , such as a change in the corporate tax rate , could have a material impact on our financial condition or results of operations .when appropriate , we record a valuation allowance against deferred tax assets to offset future tax benefits that may not be realized .in determining whether a valuation allowance is appropriate , we consider whether it is more likely than not that all or some portion of our deferred tax assets will not be realized , based on management 2019s judgments regarding the best available evidence about future events .when we have claimed tax benefits that may be challenged by a tax authority , these uncertain tax positions are accounted for under fasb interpretation no .48 , accounting for uncertainty in income taxes , an interpretation of fasb statement no .109 ( fin 48 ) .we adopted fin 48 beginning january 1 , 2007 .prior to 2007 , income tax contingencies were accounted for under fasb statement no .5 , accounting for contingencies .under fin 48 , we recognize tax benefits only for tax positions that are more likely than not to be sustained upon examination by tax authorities .the amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely to be realized upon settlement .a liability for 201cunrecognized tax benefits 201d is .
Question: what was the earnings per share in 2013 diluted as reported?
| convfinqa1976 |
the following table details the effect on net income and earnings per share had compensation expense for all of our stock-based awards , including stock options , been recorded in the year ended december 31 , 2005 based on the fair value method under fasb statement no .123 , accounting for stock-based compensation .pro forma stock-based compensation expense millions of dollars , except per share amounts 2005 . pro forma stock-based compensation expensemillions of dollars except per share amounts | 2005
net income as reported | $ 1026
stock-based employee compensation expense reported in net income net of tax | 13
total stock-based employee compensation expense determined under fair value 2013based method for allawards net of tax [a] | -50 ( 50 )
pro forma net income | $ 989
earnings per share 2013 basic as reported | $ 3.89
earnings per share 2013 basic pro forma | $ 3.75
earnings per share 2013 diluted as reported | $ 3.85
earnings per share 2013 diluted pro forma | $ 3.71 [a] stock options for executives granted in 2003 and 2002 included a reload feature .this reload feature allowed executives to exercise their options using shares of union pacific corporation common stock that they already owned and obtain a new grant of options in the amount of the shares used for exercise plus any shares withheld for tax purposes .the reload feature of these option grants could only be exercised if the price of our common stock increased at least 20% ( 20 % ) from the price at the time of the reload grant .during the year ended december 31 , 2005 , reload option grants represented $ 19 million of the pro forma expense noted above .there were no reload option grants during 2007 and 2006 as stock options exercised after january 1 , 2006 are not eligible for the reload feature .earnings per share 2013 basic earnings per share are calculated on the weighted-average number of common shares outstanding during each period .diluted earnings per share include shares issuable upon exercise of outstanding stock options and stock-based awards where the conversion of such instruments would be dilutive .use of estimates 2013 our consolidated financial statements include estimates and assumptions regarding certain assets , liabilities , revenue , and expenses and the disclosure of certain contingent assets and liabilities .actual future results may differ from such estimates .income taxes 2013 as required under fasb statement no .109 , accounting for income taxes , we account for income taxes by recording taxes payable or refundable for the current year and deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in our financial statements or tax returns .these expected future tax consequences are measured based on provisions of tax law as currently enacted ; the effects of future changes in tax laws are not anticipated .future tax law changes , such as a change in the corporate tax rate , could have a material impact on our financial condition or results of operations .when appropriate , we record a valuation allowance against deferred tax assets to offset future tax benefits that may not be realized .in determining whether a valuation allowance is appropriate , we consider whether it is more likely than not that all or some portion of our deferred tax assets will not be realized , based on management 2019s judgments regarding the best available evidence about future events .when we have claimed tax benefits that may be challenged by a tax authority , these uncertain tax positions are accounted for under fasb interpretation no .48 , accounting for uncertainty in income taxes , an interpretation of fasb statement no .109 ( fin 48 ) .we adopted fin 48 beginning january 1 , 2007 .prior to 2007 , income tax contingencies were accounted for under fasb statement no .5 , accounting for contingencies .under fin 48 , we recognize tax benefits only for tax positions that are more likely than not to be sustained upon examination by tax authorities .the amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely to be realized upon settlement .a liability for 201cunrecognized tax benefits 201d is .
Question: what was the earnings per share in 2013 diluted as reported?
Steps: Ask for number 3.71
Answer: 3.71
Question: what was earnings per share for 2012 diluted pro forma?
| 3.85 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
the following table details the effect on net income and earnings per share had compensation expense for all of our stock-based awards , including stock options , been recorded in the year ended december 31 , 2005 based on the fair value method under fasb statement no .123 , accounting for stock-based compensation .pro forma stock-based compensation expense millions of dollars , except per share amounts 2005 . pro forma stock-based compensation expensemillions of dollars except per share amounts | 2005
net income as reported | $ 1026
stock-based employee compensation expense reported in net income net of tax | 13
total stock-based employee compensation expense determined under fair value 2013based method for allawards net of tax [a] | -50 ( 50 )
pro forma net income | $ 989
earnings per share 2013 basic as reported | $ 3.89
earnings per share 2013 basic pro forma | $ 3.75
earnings per share 2013 diluted as reported | $ 3.85
earnings per share 2013 diluted pro forma | $ 3.71 [a] stock options for executives granted in 2003 and 2002 included a reload feature .this reload feature allowed executives to exercise their options using shares of union pacific corporation common stock that they already owned and obtain a new grant of options in the amount of the shares used for exercise plus any shares withheld for tax purposes .the reload feature of these option grants could only be exercised if the price of our common stock increased at least 20% ( 20 % ) from the price at the time of the reload grant .during the year ended december 31 , 2005 , reload option grants represented $ 19 million of the pro forma expense noted above .there were no reload option grants during 2007 and 2006 as stock options exercised after january 1 , 2006 are not eligible for the reload feature .earnings per share 2013 basic earnings per share are calculated on the weighted-average number of common shares outstanding during each period .diluted earnings per share include shares issuable upon exercise of outstanding stock options and stock-based awards where the conversion of such instruments would be dilutive .use of estimates 2013 our consolidated financial statements include estimates and assumptions regarding certain assets , liabilities , revenue , and expenses and the disclosure of certain contingent assets and liabilities .actual future results may differ from such estimates .income taxes 2013 as required under fasb statement no .109 , accounting for income taxes , we account for income taxes by recording taxes payable or refundable for the current year and deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in our financial statements or tax returns .these expected future tax consequences are measured based on provisions of tax law as currently enacted ; the effects of future changes in tax laws are not anticipated .future tax law changes , such as a change in the corporate tax rate , could have a material impact on our financial condition or results of operations .when appropriate , we record a valuation allowance against deferred tax assets to offset future tax benefits that may not be realized .in determining whether a valuation allowance is appropriate , we consider whether it is more likely than not that all or some portion of our deferred tax assets will not be realized , based on management 2019s judgments regarding the best available evidence about future events .when we have claimed tax benefits that may be challenged by a tax authority , these uncertain tax positions are accounted for under fasb interpretation no .48 , accounting for uncertainty in income taxes , an interpretation of fasb statement no .109 ( fin 48 ) .we adopted fin 48 beginning january 1 , 2007 .prior to 2007 , income tax contingencies were accounted for under fasb statement no .5 , accounting for contingencies .under fin 48 , we recognize tax benefits only for tax positions that are more likely than not to be sustained upon examination by tax authorities .the amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely to be realized upon settlement .a liability for 201cunrecognized tax benefits 201d is .
Question: what was the earnings per share in 2013 diluted as reported?
Steps: Ask for number 3.71
Answer: 3.71
Question: what was earnings per share for 2012 diluted pro forma?
| convfinqa1977 |
the following table details the effect on net income and earnings per share had compensation expense for all of our stock-based awards , including stock options , been recorded in the year ended december 31 , 2005 based on the fair value method under fasb statement no .123 , accounting for stock-based compensation .pro forma stock-based compensation expense millions of dollars , except per share amounts 2005 . pro forma stock-based compensation expensemillions of dollars except per share amounts | 2005
net income as reported | $ 1026
stock-based employee compensation expense reported in net income net of tax | 13
total stock-based employee compensation expense determined under fair value 2013based method for allawards net of tax [a] | -50 ( 50 )
pro forma net income | $ 989
earnings per share 2013 basic as reported | $ 3.89
earnings per share 2013 basic pro forma | $ 3.75
earnings per share 2013 diluted as reported | $ 3.85
earnings per share 2013 diluted pro forma | $ 3.71 [a] stock options for executives granted in 2003 and 2002 included a reload feature .this reload feature allowed executives to exercise their options using shares of union pacific corporation common stock that they already owned and obtain a new grant of options in the amount of the shares used for exercise plus any shares withheld for tax purposes .the reload feature of these option grants could only be exercised if the price of our common stock increased at least 20% ( 20 % ) from the price at the time of the reload grant .during the year ended december 31 , 2005 , reload option grants represented $ 19 million of the pro forma expense noted above .there were no reload option grants during 2007 and 2006 as stock options exercised after january 1 , 2006 are not eligible for the reload feature .earnings per share 2013 basic earnings per share are calculated on the weighted-average number of common shares outstanding during each period .diluted earnings per share include shares issuable upon exercise of outstanding stock options and stock-based awards where the conversion of such instruments would be dilutive .use of estimates 2013 our consolidated financial statements include estimates and assumptions regarding certain assets , liabilities , revenue , and expenses and the disclosure of certain contingent assets and liabilities .actual future results may differ from such estimates .income taxes 2013 as required under fasb statement no .109 , accounting for income taxes , we account for income taxes by recording taxes payable or refundable for the current year and deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in our financial statements or tax returns .these expected future tax consequences are measured based on provisions of tax law as currently enacted ; the effects of future changes in tax laws are not anticipated .future tax law changes , such as a change in the corporate tax rate , could have a material impact on our financial condition or results of operations .when appropriate , we record a valuation allowance against deferred tax assets to offset future tax benefits that may not be realized .in determining whether a valuation allowance is appropriate , we consider whether it is more likely than not that all or some portion of our deferred tax assets will not be realized , based on management 2019s judgments regarding the best available evidence about future events .when we have claimed tax benefits that may be challenged by a tax authority , these uncertain tax positions are accounted for under fasb interpretation no .48 , accounting for uncertainty in income taxes , an interpretation of fasb statement no .109 ( fin 48 ) .we adopted fin 48 beginning january 1 , 2007 .prior to 2007 , income tax contingencies were accounted for under fasb statement no .5 , accounting for contingencies .under fin 48 , we recognize tax benefits only for tax positions that are more likely than not to be sustained upon examination by tax authorities .the amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely to be realized upon settlement .a liability for 201cunrecognized tax benefits 201d is .
Question: what was the earnings per share in 2013 diluted as reported?
Steps: Ask for number 3.71
Answer: 3.71
Question: what was earnings per share for 2012 diluted pro forma?
Steps: Ask for number 3.85
Answer: 3.85
Question: what is the net change?
| -0.14 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
the following table details the effect on net income and earnings per share had compensation expense for all of our stock-based awards , including stock options , been recorded in the year ended december 31 , 2005 based on the fair value method under fasb statement no .123 , accounting for stock-based compensation .pro forma stock-based compensation expense millions of dollars , except per share amounts 2005 . pro forma stock-based compensation expensemillions of dollars except per share amounts | 2005
net income as reported | $ 1026
stock-based employee compensation expense reported in net income net of tax | 13
total stock-based employee compensation expense determined under fair value 2013based method for allawards net of tax [a] | -50 ( 50 )
pro forma net income | $ 989
earnings per share 2013 basic as reported | $ 3.89
earnings per share 2013 basic pro forma | $ 3.75
earnings per share 2013 diluted as reported | $ 3.85
earnings per share 2013 diluted pro forma | $ 3.71 [a] stock options for executives granted in 2003 and 2002 included a reload feature .this reload feature allowed executives to exercise their options using shares of union pacific corporation common stock that they already owned and obtain a new grant of options in the amount of the shares used for exercise plus any shares withheld for tax purposes .the reload feature of these option grants could only be exercised if the price of our common stock increased at least 20% ( 20 % ) from the price at the time of the reload grant .during the year ended december 31 , 2005 , reload option grants represented $ 19 million of the pro forma expense noted above .there were no reload option grants during 2007 and 2006 as stock options exercised after january 1 , 2006 are not eligible for the reload feature .earnings per share 2013 basic earnings per share are calculated on the weighted-average number of common shares outstanding during each period .diluted earnings per share include shares issuable upon exercise of outstanding stock options and stock-based awards where the conversion of such instruments would be dilutive .use of estimates 2013 our consolidated financial statements include estimates and assumptions regarding certain assets , liabilities , revenue , and expenses and the disclosure of certain contingent assets and liabilities .actual future results may differ from such estimates .income taxes 2013 as required under fasb statement no .109 , accounting for income taxes , we account for income taxes by recording taxes payable or refundable for the current year and deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in our financial statements or tax returns .these expected future tax consequences are measured based on provisions of tax law as currently enacted ; the effects of future changes in tax laws are not anticipated .future tax law changes , such as a change in the corporate tax rate , could have a material impact on our financial condition or results of operations .when appropriate , we record a valuation allowance against deferred tax assets to offset future tax benefits that may not be realized .in determining whether a valuation allowance is appropriate , we consider whether it is more likely than not that all or some portion of our deferred tax assets will not be realized , based on management 2019s judgments regarding the best available evidence about future events .when we have claimed tax benefits that may be challenged by a tax authority , these uncertain tax positions are accounted for under fasb interpretation no .48 , accounting for uncertainty in income taxes , an interpretation of fasb statement no .109 ( fin 48 ) .we adopted fin 48 beginning january 1 , 2007 .prior to 2007 , income tax contingencies were accounted for under fasb statement no .5 , accounting for contingencies .under fin 48 , we recognize tax benefits only for tax positions that are more likely than not to be sustained upon examination by tax authorities .the amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely to be realized upon settlement .a liability for 201cunrecognized tax benefits 201d is .
Question: what was the earnings per share in 2013 diluted as reported?
Steps: Ask for number 3.71
Answer: 3.71
Question: what was earnings per share for 2012 diluted pro forma?
Steps: Ask for number 3.85
Answer: 3.85
Question: what is the net change?
| convfinqa1978 |
the following table details the effect on net income and earnings per share had compensation expense for all of our stock-based awards , including stock options , been recorded in the year ended december 31 , 2005 based on the fair value method under fasb statement no .123 , accounting for stock-based compensation .pro forma stock-based compensation expense millions of dollars , except per share amounts 2005 . pro forma stock-based compensation expensemillions of dollars except per share amounts | 2005
net income as reported | $ 1026
stock-based employee compensation expense reported in net income net of tax | 13
total stock-based employee compensation expense determined under fair value 2013based method for allawards net of tax [a] | -50 ( 50 )
pro forma net income | $ 989
earnings per share 2013 basic as reported | $ 3.89
earnings per share 2013 basic pro forma | $ 3.75
earnings per share 2013 diluted as reported | $ 3.85
earnings per share 2013 diluted pro forma | $ 3.71 [a] stock options for executives granted in 2003 and 2002 included a reload feature .this reload feature allowed executives to exercise their options using shares of union pacific corporation common stock that they already owned and obtain a new grant of options in the amount of the shares used for exercise plus any shares withheld for tax purposes .the reload feature of these option grants could only be exercised if the price of our common stock increased at least 20% ( 20 % ) from the price at the time of the reload grant .during the year ended december 31 , 2005 , reload option grants represented $ 19 million of the pro forma expense noted above .there were no reload option grants during 2007 and 2006 as stock options exercised after january 1 , 2006 are not eligible for the reload feature .earnings per share 2013 basic earnings per share are calculated on the weighted-average number of common shares outstanding during each period .diluted earnings per share include shares issuable upon exercise of outstanding stock options and stock-based awards where the conversion of such instruments would be dilutive .use of estimates 2013 our consolidated financial statements include estimates and assumptions regarding certain assets , liabilities , revenue , and expenses and the disclosure of certain contingent assets and liabilities .actual future results may differ from such estimates .income taxes 2013 as required under fasb statement no .109 , accounting for income taxes , we account for income taxes by recording taxes payable or refundable for the current year and deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in our financial statements or tax returns .these expected future tax consequences are measured based on provisions of tax law as currently enacted ; the effects of future changes in tax laws are not anticipated .future tax law changes , such as a change in the corporate tax rate , could have a material impact on our financial condition or results of operations .when appropriate , we record a valuation allowance against deferred tax assets to offset future tax benefits that may not be realized .in determining whether a valuation allowance is appropriate , we consider whether it is more likely than not that all or some portion of our deferred tax assets will not be realized , based on management 2019s judgments regarding the best available evidence about future events .when we have claimed tax benefits that may be challenged by a tax authority , these uncertain tax positions are accounted for under fasb interpretation no .48 , accounting for uncertainty in income taxes , an interpretation of fasb statement no .109 ( fin 48 ) .we adopted fin 48 beginning january 1 , 2007 .prior to 2007 , income tax contingencies were accounted for under fasb statement no .5 , accounting for contingencies .under fin 48 , we recognize tax benefits only for tax positions that are more likely than not to be sustained upon examination by tax authorities .the amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely to be realized upon settlement .a liability for 201cunrecognized tax benefits 201d is .
Question: what was the earnings per share in 2013 diluted as reported?
Steps: Ask for number 3.71
Answer: 3.71
Question: what was earnings per share for 2012 diluted pro forma?
Steps: Ask for number 3.85
Answer: 3.85
Question: what is the net change?
Steps: subtract(3.71, 3.85)
Answer: -0.14
Question: what is the percent change?
| -0.03636 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
the following table details the effect on net income and earnings per share had compensation expense for all of our stock-based awards , including stock options , been recorded in the year ended december 31 , 2005 based on the fair value method under fasb statement no .123 , accounting for stock-based compensation .pro forma stock-based compensation expense millions of dollars , except per share amounts 2005 . pro forma stock-based compensation expensemillions of dollars except per share amounts | 2005
net income as reported | $ 1026
stock-based employee compensation expense reported in net income net of tax | 13
total stock-based employee compensation expense determined under fair value 2013based method for allawards net of tax [a] | -50 ( 50 )
pro forma net income | $ 989
earnings per share 2013 basic as reported | $ 3.89
earnings per share 2013 basic pro forma | $ 3.75
earnings per share 2013 diluted as reported | $ 3.85
earnings per share 2013 diluted pro forma | $ 3.71 [a] stock options for executives granted in 2003 and 2002 included a reload feature .this reload feature allowed executives to exercise their options using shares of union pacific corporation common stock that they already owned and obtain a new grant of options in the amount of the shares used for exercise plus any shares withheld for tax purposes .the reload feature of these option grants could only be exercised if the price of our common stock increased at least 20% ( 20 % ) from the price at the time of the reload grant .during the year ended december 31 , 2005 , reload option grants represented $ 19 million of the pro forma expense noted above .there were no reload option grants during 2007 and 2006 as stock options exercised after january 1 , 2006 are not eligible for the reload feature .earnings per share 2013 basic earnings per share are calculated on the weighted-average number of common shares outstanding during each period .diluted earnings per share include shares issuable upon exercise of outstanding stock options and stock-based awards where the conversion of such instruments would be dilutive .use of estimates 2013 our consolidated financial statements include estimates and assumptions regarding certain assets , liabilities , revenue , and expenses and the disclosure of certain contingent assets and liabilities .actual future results may differ from such estimates .income taxes 2013 as required under fasb statement no .109 , accounting for income taxes , we account for income taxes by recording taxes payable or refundable for the current year and deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in our financial statements or tax returns .these expected future tax consequences are measured based on provisions of tax law as currently enacted ; the effects of future changes in tax laws are not anticipated .future tax law changes , such as a change in the corporate tax rate , could have a material impact on our financial condition or results of operations .when appropriate , we record a valuation allowance against deferred tax assets to offset future tax benefits that may not be realized .in determining whether a valuation allowance is appropriate , we consider whether it is more likely than not that all or some portion of our deferred tax assets will not be realized , based on management 2019s judgments regarding the best available evidence about future events .when we have claimed tax benefits that may be challenged by a tax authority , these uncertain tax positions are accounted for under fasb interpretation no .48 , accounting for uncertainty in income taxes , an interpretation of fasb statement no .109 ( fin 48 ) .we adopted fin 48 beginning january 1 , 2007 .prior to 2007 , income tax contingencies were accounted for under fasb statement no .5 , accounting for contingencies .under fin 48 , we recognize tax benefits only for tax positions that are more likely than not to be sustained upon examination by tax authorities .the amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely to be realized upon settlement .a liability for 201cunrecognized tax benefits 201d is .
Question: what was the earnings per share in 2013 diluted as reported?
Steps: Ask for number 3.71
Answer: 3.71
Question: what was earnings per share for 2012 diluted pro forma?
Steps: Ask for number 3.85
Answer: 3.85
Question: what is the net change?
Steps: subtract(3.71, 3.85)
Answer: -0.14
Question: what is the percent change?
| convfinqa1979 |
table of contents 4 .acquisitions , dispositions and plant closures acquisitions 2022 so.f.ter .s.p.a .on december 1 , 2016 , the company acquired 100% ( 100 % ) of the stock of the forli , italy based so.f.ter .s.p.a .( "softer" ) , a leading thermoplastic compounder .the acquisition of softer increases the company's global engineered materials product platforms , extends the operational model , technical and industry solutions capabilities and expands project pipelines .the acquisition was accounted for as a business combination and the acquired operations are included in the advanced engineered materials segment .pro forma financial information since the respective acquisition date has not been provided as the acquisition did not have a material impact on the company's financial information .the company allocated the purchase price of the acquisition to identifiable assets acquired and liabilities assumed based on their estimated fair values as of the acquisition date .the excess of the purchase price over the aggregate fair values was recorded as goodwill ( note 2 and note 11 ) .the company calculated the fair value of the assets acquired using the income , market , or cost approach ( or a combination thereof ) .fair values were determined based on level 3 inputs ( note 2 ) including estimated future cash flows , discount rates , royalty rates , growth rates , sales projections , retention rates and terminal values , all of which require significant management judgment and are susceptible to change .the purchase price allocation is based upon preliminary information and is subject to change if additional information about the facts and circumstances that existed at the acquisition date becomes available .the final fair value of the net assets acquired may result in adjustments to the assets and liabilities , including goodwill .however , any subsequent measurement period adjustments are not expected to have a material impact on the company's results of operations .the preliminary purchase price allocation for the softer acquisition is as follows : december 1 , 2016 ( in $ millions ) . | as ofdecember 1 2016 ( in $ millions )
cash and cash equivalents | 11
trade receivables - third party and affiliates | 53
inventories | 58
property plant and equipment net | 68
intangible assets ( note 11 ) | 79
goodwill ( note 11 ) ( 1 ) | 106
other assets ( 2 ) | 33
total fair value of assets acquired | 408
trade payables - third party and affiliates | -41 ( 41 )
total debt ( note 14 ) | -103 ( 103 )
deferred income taxes | -30 ( 30 )
other liabilities | -45 ( 45 )
total fair value of liabilities assumed | -219 ( 219 )
net assets acquired | 189 ______________________________ ( 1 ) goodwill consists of expected revenue and operating synergies resulting from the acquisition .none of the goodwill is deductible for income tax purposes .( 2 ) includes a $ 23 million indemnity receivable for uncertain tax positions related to the acquisition .transaction related costs of $ 3 million were expensed as incurred to selling , general and administrative expenses in the consolidated statements of operations .the amount of pro forma net earnings ( loss ) of softer included in the company's consolidated statement of operations was approximately 2% ( 2 % ) ( unaudited ) of its consolidated net earnings ( loss ) had the acquisition occurred as of the beginning of 2016 .the amount of softer net earnings ( loss ) consolidated by the company since the acquisition date was not material. .
Question: if the tax controversy from softer is resolved favorably, what would the gross assets acquired be?
| 385.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
table of contents 4 .acquisitions , dispositions and plant closures acquisitions 2022 so.f.ter .s.p.a .on december 1 , 2016 , the company acquired 100% ( 100 % ) of the stock of the forli , italy based so.f.ter .s.p.a .( "softer" ) , a leading thermoplastic compounder .the acquisition of softer increases the company's global engineered materials product platforms , extends the operational model , technical and industry solutions capabilities and expands project pipelines .the acquisition was accounted for as a business combination and the acquired operations are included in the advanced engineered materials segment .pro forma financial information since the respective acquisition date has not been provided as the acquisition did not have a material impact on the company's financial information .the company allocated the purchase price of the acquisition to identifiable assets acquired and liabilities assumed based on their estimated fair values as of the acquisition date .the excess of the purchase price over the aggregate fair values was recorded as goodwill ( note 2 and note 11 ) .the company calculated the fair value of the assets acquired using the income , market , or cost approach ( or a combination thereof ) .fair values were determined based on level 3 inputs ( note 2 ) including estimated future cash flows , discount rates , royalty rates , growth rates , sales projections , retention rates and terminal values , all of which require significant management judgment and are susceptible to change .the purchase price allocation is based upon preliminary information and is subject to change if additional information about the facts and circumstances that existed at the acquisition date becomes available .the final fair value of the net assets acquired may result in adjustments to the assets and liabilities , including goodwill .however , any subsequent measurement period adjustments are not expected to have a material impact on the company's results of operations .the preliminary purchase price allocation for the softer acquisition is as follows : december 1 , 2016 ( in $ millions ) . | as ofdecember 1 2016 ( in $ millions )
cash and cash equivalents | 11
trade receivables - third party and affiliates | 53
inventories | 58
property plant and equipment net | 68
intangible assets ( note 11 ) | 79
goodwill ( note 11 ) ( 1 ) | 106
other assets ( 2 ) | 33
total fair value of assets acquired | 408
trade payables - third party and affiliates | -41 ( 41 )
total debt ( note 14 ) | -103 ( 103 )
deferred income taxes | -30 ( 30 )
other liabilities | -45 ( 45 )
total fair value of liabilities assumed | -219 ( 219 )
net assets acquired | 189 ______________________________ ( 1 ) goodwill consists of expected revenue and operating synergies resulting from the acquisition .none of the goodwill is deductible for income tax purposes .( 2 ) includes a $ 23 million indemnity receivable for uncertain tax positions related to the acquisition .transaction related costs of $ 3 million were expensed as incurred to selling , general and administrative expenses in the consolidated statements of operations .the amount of pro forma net earnings ( loss ) of softer included in the company's consolidated statement of operations was approximately 2% ( 2 % ) ( unaudited ) of its consolidated net earnings ( loss ) had the acquisition occurred as of the beginning of 2016 .the amount of softer net earnings ( loss ) consolidated by the company since the acquisition date was not material. .
Question: if the tax controversy from softer is resolved favorably, what would the gross assets acquired be?
| convfinqa1980 |
table of contents 4 .acquisitions , dispositions and plant closures acquisitions 2022 so.f.ter .s.p.a .on december 1 , 2016 , the company acquired 100% ( 100 % ) of the stock of the forli , italy based so.f.ter .s.p.a .( "softer" ) , a leading thermoplastic compounder .the acquisition of softer increases the company's global engineered materials product platforms , extends the operational model , technical and industry solutions capabilities and expands project pipelines .the acquisition was accounted for as a business combination and the acquired operations are included in the advanced engineered materials segment .pro forma financial information since the respective acquisition date has not been provided as the acquisition did not have a material impact on the company's financial information .the company allocated the purchase price of the acquisition to identifiable assets acquired and liabilities assumed based on their estimated fair values as of the acquisition date .the excess of the purchase price over the aggregate fair values was recorded as goodwill ( note 2 and note 11 ) .the company calculated the fair value of the assets acquired using the income , market , or cost approach ( or a combination thereof ) .fair values were determined based on level 3 inputs ( note 2 ) including estimated future cash flows , discount rates , royalty rates , growth rates , sales projections , retention rates and terminal values , all of which require significant management judgment and are susceptible to change .the purchase price allocation is based upon preliminary information and is subject to change if additional information about the facts and circumstances that existed at the acquisition date becomes available .the final fair value of the net assets acquired may result in adjustments to the assets and liabilities , including goodwill .however , any subsequent measurement period adjustments are not expected to have a material impact on the company's results of operations .the preliminary purchase price allocation for the softer acquisition is as follows : december 1 , 2016 ( in $ millions ) . | as ofdecember 1 2016 ( in $ millions )
cash and cash equivalents | 11
trade receivables - third party and affiliates | 53
inventories | 58
property plant and equipment net | 68
intangible assets ( note 11 ) | 79
goodwill ( note 11 ) ( 1 ) | 106
other assets ( 2 ) | 33
total fair value of assets acquired | 408
trade payables - third party and affiliates | -41 ( 41 )
total debt ( note 14 ) | -103 ( 103 )
deferred income taxes | -30 ( 30 )
other liabilities | -45 ( 45 )
total fair value of liabilities assumed | -219 ( 219 )
net assets acquired | 189 ______________________________ ( 1 ) goodwill consists of expected revenue and operating synergies resulting from the acquisition .none of the goodwill is deductible for income tax purposes .( 2 ) includes a $ 23 million indemnity receivable for uncertain tax positions related to the acquisition .transaction related costs of $ 3 million were expensed as incurred to selling , general and administrative expenses in the consolidated statements of operations .the amount of pro forma net earnings ( loss ) of softer included in the company's consolidated statement of operations was approximately 2% ( 2 % ) ( unaudited ) of its consolidated net earnings ( loss ) had the acquisition occurred as of the beginning of 2016 .the amount of softer net earnings ( loss ) consolidated by the company since the acquisition date was not material. .
Question: if the tax controversy from softer is resolved favorably, what would the gross assets acquired be?
Steps: Ask for number 408
Answer: 385.0
Question: how much of the softer assets acquired were hard assets?
| 0.16667 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
table of contents 4 .acquisitions , dispositions and plant closures acquisitions 2022 so.f.ter .s.p.a .on december 1 , 2016 , the company acquired 100% ( 100 % ) of the stock of the forli , italy based so.f.ter .s.p.a .( "softer" ) , a leading thermoplastic compounder .the acquisition of softer increases the company's global engineered materials product platforms , extends the operational model , technical and industry solutions capabilities and expands project pipelines .the acquisition was accounted for as a business combination and the acquired operations are included in the advanced engineered materials segment .pro forma financial information since the respective acquisition date has not been provided as the acquisition did not have a material impact on the company's financial information .the company allocated the purchase price of the acquisition to identifiable assets acquired and liabilities assumed based on their estimated fair values as of the acquisition date .the excess of the purchase price over the aggregate fair values was recorded as goodwill ( note 2 and note 11 ) .the company calculated the fair value of the assets acquired using the income , market , or cost approach ( or a combination thereof ) .fair values were determined based on level 3 inputs ( note 2 ) including estimated future cash flows , discount rates , royalty rates , growth rates , sales projections , retention rates and terminal values , all of which require significant management judgment and are susceptible to change .the purchase price allocation is based upon preliminary information and is subject to change if additional information about the facts and circumstances that existed at the acquisition date becomes available .the final fair value of the net assets acquired may result in adjustments to the assets and liabilities , including goodwill .however , any subsequent measurement period adjustments are not expected to have a material impact on the company's results of operations .the preliminary purchase price allocation for the softer acquisition is as follows : december 1 , 2016 ( in $ millions ) . | as ofdecember 1 2016 ( in $ millions )
cash and cash equivalents | 11
trade receivables - third party and affiliates | 53
inventories | 58
property plant and equipment net | 68
intangible assets ( note 11 ) | 79
goodwill ( note 11 ) ( 1 ) | 106
other assets ( 2 ) | 33
total fair value of assets acquired | 408
trade payables - third party and affiliates | -41 ( 41 )
total debt ( note 14 ) | -103 ( 103 )
deferred income taxes | -30 ( 30 )
other liabilities | -45 ( 45 )
total fair value of liabilities assumed | -219 ( 219 )
net assets acquired | 189 ______________________________ ( 1 ) goodwill consists of expected revenue and operating synergies resulting from the acquisition .none of the goodwill is deductible for income tax purposes .( 2 ) includes a $ 23 million indemnity receivable for uncertain tax positions related to the acquisition .transaction related costs of $ 3 million were expensed as incurred to selling , general and administrative expenses in the consolidated statements of operations .the amount of pro forma net earnings ( loss ) of softer included in the company's consolidated statement of operations was approximately 2% ( 2 % ) ( unaudited ) of its consolidated net earnings ( loss ) had the acquisition occurred as of the beginning of 2016 .the amount of softer net earnings ( loss ) consolidated by the company since the acquisition date was not material. .
Question: if the tax controversy from softer is resolved favorably, what would the gross assets acquired be?
Steps: Ask for number 408
Answer: 385.0
Question: how much of the softer assets acquired were hard assets?
| convfinqa1981 |
2012 ppg annual report and form 10-k 45 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 "2010 credit agreement" ) which was subsequently terminated in july 2012 .the 2010 credit agreement provided for a $ 1.2 billion unsecured revolving credit facility .in connection with entering into the 2010 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 2010 credit agreement was set to terminate on august 5 , 2013 .ppg 2019s non-u.s .operations have uncommitted lines of credit totaling $ 705 million of which $ 34 million was used as of december 31 , 2012 .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 , 2012 and 2011 , was as follows: . ( millions ) | 2012 | 2011
other weighted average 2.27% ( 2.27 % ) as of dec . 31 2012 and 3.72% ( 3.72 % ) as of december 31 2011 | $ 39 | $ 33
total | $ 39 | $ 33 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 , 2012 , total indebtedness was 42% ( 42 % ) 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 2012 , 2011 and 2010 totaled $ 219 million , $ 212 million and $ 189 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 .rental expense for operating leases was $ 233 million , $ 249 million and $ 233 million in 2012 , 2011 and 2010 , respectively .the primary leased assets include paint stores , transportation equipment , warehouses and other distribution facilities , and office space , including the company 2019s corporate headquarters located in pittsburgh , pa .minimum lease commitments for operating leases that have initial or remaining lease terms in excess of one year as of december 31 , 2012 , are ( in millions ) $ 171 in 2013 , $ 135 in 2014 , $ 107 in 2015 , $ 83 in 2016 , $ 64 in 2017 and $ 135 thereafter .the company had outstanding letters of credit and surety bonds of $ 119 million as of december 31 , 2012 .the letters of credit secure the company 2019s performance to third parties under certain self-insurance programs and other commitments made in the ordinary course of business .as of december 31 , 2012 and 2011 , guarantees outstanding were $ 96 million and $ 90 million , respectively .the guarantees relate primarily to debt of certain entities in which ppg has an ownership interest and selected customers of certain of the company 2019s businesses .a portion of such debt is secured by the assets of the related entities .the carrying values of these guarantees were $ 11 million and $ 13 million as of december 31 , 2012 and 2011 , respectively , and the fair values were $ 11 million and $ 21 million , as of december 31 , 2012 and 2011 , respectively .the fair value of each guarantee was estimated by comparing the net present value of two hypothetical cash flow streams , one based on ppg 2019s incremental borrowing rate and the other based on the borrower 2019s incremental borrowing rate , as of the effective date of the guarantee .both streams were discounted at a risk free rate of return .the company does not believe any loss related to these letters of credit , surety bonds or guarantees is likely .9 .fair value measurement the accounting guidance on fair value measurements establishes a hierarchy with three levels of inputs used to determine fair value .level 1 inputs are quoted prices ( unadjusted ) in active markets for identical assets and liabilities , are considered to be the most reliable evidence of fair value , and should be used whenever available .level 2 inputs are observable prices that are not quoted on active exchanges .level 3 inputs are unobservable inputs employed for measuring the fair value of assets or liabilities .table of contents notes to the consolidated financial statements .
Question: what was the rental expense for operating leases in 2011?
| 249.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
2012 ppg annual report and form 10-k 45 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 "2010 credit agreement" ) which was subsequently terminated in july 2012 .the 2010 credit agreement provided for a $ 1.2 billion unsecured revolving credit facility .in connection with entering into the 2010 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 2010 credit agreement was set to terminate on august 5 , 2013 .ppg 2019s non-u.s .operations have uncommitted lines of credit totaling $ 705 million of which $ 34 million was used as of december 31 , 2012 .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 , 2012 and 2011 , was as follows: . ( millions ) | 2012 | 2011
other weighted average 2.27% ( 2.27 % ) as of dec . 31 2012 and 3.72% ( 3.72 % ) as of december 31 2011 | $ 39 | $ 33
total | $ 39 | $ 33 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 , 2012 , total indebtedness was 42% ( 42 % ) 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 2012 , 2011 and 2010 totaled $ 219 million , $ 212 million and $ 189 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 .rental expense for operating leases was $ 233 million , $ 249 million and $ 233 million in 2012 , 2011 and 2010 , respectively .the primary leased assets include paint stores , transportation equipment , warehouses and other distribution facilities , and office space , including the company 2019s corporate headquarters located in pittsburgh , pa .minimum lease commitments for operating leases that have initial or remaining lease terms in excess of one year as of december 31 , 2012 , are ( in millions ) $ 171 in 2013 , $ 135 in 2014 , $ 107 in 2015 , $ 83 in 2016 , $ 64 in 2017 and $ 135 thereafter .the company had outstanding letters of credit and surety bonds of $ 119 million as of december 31 , 2012 .the letters of credit secure the company 2019s performance to third parties under certain self-insurance programs and other commitments made in the ordinary course of business .as of december 31 , 2012 and 2011 , guarantees outstanding were $ 96 million and $ 90 million , respectively .the guarantees relate primarily to debt of certain entities in which ppg has an ownership interest and selected customers of certain of the company 2019s businesses .a portion of such debt is secured by the assets of the related entities .the carrying values of these guarantees were $ 11 million and $ 13 million as of december 31 , 2012 and 2011 , respectively , and the fair values were $ 11 million and $ 21 million , as of december 31 , 2012 and 2011 , respectively .the fair value of each guarantee was estimated by comparing the net present value of two hypothetical cash flow streams , one based on ppg 2019s incremental borrowing rate and the other based on the borrower 2019s incremental borrowing rate , as of the effective date of the guarantee .both streams were discounted at a risk free rate of return .the company does not believe any loss related to these letters of credit , surety bonds or guarantees is likely .9 .fair value measurement the accounting guidance on fair value measurements establishes a hierarchy with three levels of inputs used to determine fair value .level 1 inputs are quoted prices ( unadjusted ) in active markets for identical assets and liabilities , are considered to be the most reliable evidence of fair value , and should be used whenever available .level 2 inputs are observable prices that are not quoted on active exchanges .level 3 inputs are unobservable inputs employed for measuring the fair value of assets or liabilities .table of contents notes to the consolidated financial statements .
Question: what was the rental expense for operating leases in 2011?
| convfinqa1982 |
2012 ppg annual report and form 10-k 45 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 "2010 credit agreement" ) which was subsequently terminated in july 2012 .the 2010 credit agreement provided for a $ 1.2 billion unsecured revolving credit facility .in connection with entering into the 2010 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 2010 credit agreement was set to terminate on august 5 , 2013 .ppg 2019s non-u.s .operations have uncommitted lines of credit totaling $ 705 million of which $ 34 million was used as of december 31 , 2012 .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 , 2012 and 2011 , was as follows: . ( millions ) | 2012 | 2011
other weighted average 2.27% ( 2.27 % ) as of dec . 31 2012 and 3.72% ( 3.72 % ) as of december 31 2011 | $ 39 | $ 33
total | $ 39 | $ 33 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 , 2012 , total indebtedness was 42% ( 42 % ) 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 2012 , 2011 and 2010 totaled $ 219 million , $ 212 million and $ 189 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 .rental expense for operating leases was $ 233 million , $ 249 million and $ 233 million in 2012 , 2011 and 2010 , respectively .the primary leased assets include paint stores , transportation equipment , warehouses and other distribution facilities , and office space , including the company 2019s corporate headquarters located in pittsburgh , pa .minimum lease commitments for operating leases that have initial or remaining lease terms in excess of one year as of december 31 , 2012 , are ( in millions ) $ 171 in 2013 , $ 135 in 2014 , $ 107 in 2015 , $ 83 in 2016 , $ 64 in 2017 and $ 135 thereafter .the company had outstanding letters of credit and surety bonds of $ 119 million as of december 31 , 2012 .the letters of credit secure the company 2019s performance to third parties under certain self-insurance programs and other commitments made in the ordinary course of business .as of december 31 , 2012 and 2011 , guarantees outstanding were $ 96 million and $ 90 million , respectively .the guarantees relate primarily to debt of certain entities in which ppg has an ownership interest and selected customers of certain of the company 2019s businesses .a portion of such debt is secured by the assets of the related entities .the carrying values of these guarantees were $ 11 million and $ 13 million as of december 31 , 2012 and 2011 , respectively , and the fair values were $ 11 million and $ 21 million , as of december 31 , 2012 and 2011 , respectively .the fair value of each guarantee was estimated by comparing the net present value of two hypothetical cash flow streams , one based on ppg 2019s incremental borrowing rate and the other based on the borrower 2019s incremental borrowing rate , as of the effective date of the guarantee .both streams were discounted at a risk free rate of return .the company does not believe any loss related to these letters of credit , surety bonds or guarantees is likely .9 .fair value measurement the accounting guidance on fair value measurements establishes a hierarchy with three levels of inputs used to determine fair value .level 1 inputs are quoted prices ( unadjusted ) in active markets for identical assets and liabilities , are considered to be the most reliable evidence of fair value , and should be used whenever available .level 2 inputs are observable prices that are not quoted on active exchanges .level 3 inputs are unobservable inputs employed for measuring the fair value of assets or liabilities .table of contents notes to the consolidated financial statements .
Question: what was the rental expense for operating leases in 2011?
Steps: Ask for number 249
Answer: 249.0
Question: what was it in 2010?
| 233.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
2012 ppg annual report and form 10-k 45 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 "2010 credit agreement" ) which was subsequently terminated in july 2012 .the 2010 credit agreement provided for a $ 1.2 billion unsecured revolving credit facility .in connection with entering into the 2010 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 2010 credit agreement was set to terminate on august 5 , 2013 .ppg 2019s non-u.s .operations have uncommitted lines of credit totaling $ 705 million of which $ 34 million was used as of december 31 , 2012 .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 , 2012 and 2011 , was as follows: . ( millions ) | 2012 | 2011
other weighted average 2.27% ( 2.27 % ) as of dec . 31 2012 and 3.72% ( 3.72 % ) as of december 31 2011 | $ 39 | $ 33
total | $ 39 | $ 33 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 , 2012 , total indebtedness was 42% ( 42 % ) 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 2012 , 2011 and 2010 totaled $ 219 million , $ 212 million and $ 189 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 .rental expense for operating leases was $ 233 million , $ 249 million and $ 233 million in 2012 , 2011 and 2010 , respectively .the primary leased assets include paint stores , transportation equipment , warehouses and other distribution facilities , and office space , including the company 2019s corporate headquarters located in pittsburgh , pa .minimum lease commitments for operating leases that have initial or remaining lease terms in excess of one year as of december 31 , 2012 , are ( in millions ) $ 171 in 2013 , $ 135 in 2014 , $ 107 in 2015 , $ 83 in 2016 , $ 64 in 2017 and $ 135 thereafter .the company had outstanding letters of credit and surety bonds of $ 119 million as of december 31 , 2012 .the letters of credit secure the company 2019s performance to third parties under certain self-insurance programs and other commitments made in the ordinary course of business .as of december 31 , 2012 and 2011 , guarantees outstanding were $ 96 million and $ 90 million , respectively .the guarantees relate primarily to debt of certain entities in which ppg has an ownership interest and selected customers of certain of the company 2019s businesses .a portion of such debt is secured by the assets of the related entities .the carrying values of these guarantees were $ 11 million and $ 13 million as of december 31 , 2012 and 2011 , respectively , and the fair values were $ 11 million and $ 21 million , as of december 31 , 2012 and 2011 , respectively .the fair value of each guarantee was estimated by comparing the net present value of two hypothetical cash flow streams , one based on ppg 2019s incremental borrowing rate and the other based on the borrower 2019s incremental borrowing rate , as of the effective date of the guarantee .both streams were discounted at a risk free rate of return .the company does not believe any loss related to these letters of credit , surety bonds or guarantees is likely .9 .fair value measurement the accounting guidance on fair value measurements establishes a hierarchy with three levels of inputs used to determine fair value .level 1 inputs are quoted prices ( unadjusted ) in active markets for identical assets and liabilities , are considered to be the most reliable evidence of fair value , and should be used whenever available .level 2 inputs are observable prices that are not quoted on active exchanges .level 3 inputs are unobservable inputs employed for measuring the fair value of assets or liabilities .table of contents notes to the consolidated financial statements .
Question: what was the rental expense for operating leases in 2011?
Steps: Ask for number 249
Answer: 249.0
Question: what was it in 2010?
| convfinqa1983 |
2012 ppg annual report and form 10-k 45 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 "2010 credit agreement" ) which was subsequently terminated in july 2012 .the 2010 credit agreement provided for a $ 1.2 billion unsecured revolving credit facility .in connection with entering into the 2010 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 2010 credit agreement was set to terminate on august 5 , 2013 .ppg 2019s non-u.s .operations have uncommitted lines of credit totaling $ 705 million of which $ 34 million was used as of december 31 , 2012 .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 , 2012 and 2011 , was as follows: . ( millions ) | 2012 | 2011
other weighted average 2.27% ( 2.27 % ) as of dec . 31 2012 and 3.72% ( 3.72 % ) as of december 31 2011 | $ 39 | $ 33
total | $ 39 | $ 33 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 , 2012 , total indebtedness was 42% ( 42 % ) 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 2012 , 2011 and 2010 totaled $ 219 million , $ 212 million and $ 189 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 .rental expense for operating leases was $ 233 million , $ 249 million and $ 233 million in 2012 , 2011 and 2010 , respectively .the primary leased assets include paint stores , transportation equipment , warehouses and other distribution facilities , and office space , including the company 2019s corporate headquarters located in pittsburgh , pa .minimum lease commitments for operating leases that have initial or remaining lease terms in excess of one year as of december 31 , 2012 , are ( in millions ) $ 171 in 2013 , $ 135 in 2014 , $ 107 in 2015 , $ 83 in 2016 , $ 64 in 2017 and $ 135 thereafter .the company had outstanding letters of credit and surety bonds of $ 119 million as of december 31 , 2012 .the letters of credit secure the company 2019s performance to third parties under certain self-insurance programs and other commitments made in the ordinary course of business .as of december 31 , 2012 and 2011 , guarantees outstanding were $ 96 million and $ 90 million , respectively .the guarantees relate primarily to debt of certain entities in which ppg has an ownership interest and selected customers of certain of the company 2019s businesses .a portion of such debt is secured by the assets of the related entities .the carrying values of these guarantees were $ 11 million and $ 13 million as of december 31 , 2012 and 2011 , respectively , and the fair values were $ 11 million and $ 21 million , as of december 31 , 2012 and 2011 , respectively .the fair value of each guarantee was estimated by comparing the net present value of two hypothetical cash flow streams , one based on ppg 2019s incremental borrowing rate and the other based on the borrower 2019s incremental borrowing rate , as of the effective date of the guarantee .both streams were discounted at a risk free rate of return .the company does not believe any loss related to these letters of credit , surety bonds or guarantees is likely .9 .fair value measurement the accounting guidance on fair value measurements establishes a hierarchy with three levels of inputs used to determine fair value .level 1 inputs are quoted prices ( unadjusted ) in active markets for identical assets and liabilities , are considered to be the most reliable evidence of fair value , and should be used whenever available .level 2 inputs are observable prices that are not quoted on active exchanges .level 3 inputs are unobservable inputs employed for measuring the fair value of assets or liabilities .table of contents notes to the consolidated financial statements .
Question: what was the rental expense for operating leases in 2011?
Steps: Ask for number 249
Answer: 249.0
Question: what was it in 2010?
Steps: Ask for number 233
Answer: 233.0
Question: what is the net change in value?
| 16.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
2012 ppg annual report and form 10-k 45 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 "2010 credit agreement" ) which was subsequently terminated in july 2012 .the 2010 credit agreement provided for a $ 1.2 billion unsecured revolving credit facility .in connection with entering into the 2010 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 2010 credit agreement was set to terminate on august 5 , 2013 .ppg 2019s non-u.s .operations have uncommitted lines of credit totaling $ 705 million of which $ 34 million was used as of december 31 , 2012 .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 , 2012 and 2011 , was as follows: . ( millions ) | 2012 | 2011
other weighted average 2.27% ( 2.27 % ) as of dec . 31 2012 and 3.72% ( 3.72 % ) as of december 31 2011 | $ 39 | $ 33
total | $ 39 | $ 33 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 , 2012 , total indebtedness was 42% ( 42 % ) 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 2012 , 2011 and 2010 totaled $ 219 million , $ 212 million and $ 189 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 .rental expense for operating leases was $ 233 million , $ 249 million and $ 233 million in 2012 , 2011 and 2010 , respectively .the primary leased assets include paint stores , transportation equipment , warehouses and other distribution facilities , and office space , including the company 2019s corporate headquarters located in pittsburgh , pa .minimum lease commitments for operating leases that have initial or remaining lease terms in excess of one year as of december 31 , 2012 , are ( in millions ) $ 171 in 2013 , $ 135 in 2014 , $ 107 in 2015 , $ 83 in 2016 , $ 64 in 2017 and $ 135 thereafter .the company had outstanding letters of credit and surety bonds of $ 119 million as of december 31 , 2012 .the letters of credit secure the company 2019s performance to third parties under certain self-insurance programs and other commitments made in the ordinary course of business .as of december 31 , 2012 and 2011 , guarantees outstanding were $ 96 million and $ 90 million , respectively .the guarantees relate primarily to debt of certain entities in which ppg has an ownership interest and selected customers of certain of the company 2019s businesses .a portion of such debt is secured by the assets of the related entities .the carrying values of these guarantees were $ 11 million and $ 13 million as of december 31 , 2012 and 2011 , respectively , and the fair values were $ 11 million and $ 21 million , as of december 31 , 2012 and 2011 , respectively .the fair value of each guarantee was estimated by comparing the net present value of two hypothetical cash flow streams , one based on ppg 2019s incremental borrowing rate and the other based on the borrower 2019s incremental borrowing rate , as of the effective date of the guarantee .both streams were discounted at a risk free rate of return .the company does not believe any loss related to these letters of credit , surety bonds or guarantees is likely .9 .fair value measurement the accounting guidance on fair value measurements establishes a hierarchy with three levels of inputs used to determine fair value .level 1 inputs are quoted prices ( unadjusted ) in active markets for identical assets and liabilities , are considered to be the most reliable evidence of fair value , and should be used whenever available .level 2 inputs are observable prices that are not quoted on active exchanges .level 3 inputs are unobservable inputs employed for measuring the fair value of assets or liabilities .table of contents notes to the consolidated financial statements .
Question: what was the rental expense for operating leases in 2011?
Steps: Ask for number 249
Answer: 249.0
Question: what was it in 2010?
Steps: Ask for number 233
Answer: 233.0
Question: what is the net change in value?
| convfinqa1984 |
2012 ppg annual report and form 10-k 45 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 "2010 credit agreement" ) which was subsequently terminated in july 2012 .the 2010 credit agreement provided for a $ 1.2 billion unsecured revolving credit facility .in connection with entering into the 2010 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 2010 credit agreement was set to terminate on august 5 , 2013 .ppg 2019s non-u.s .operations have uncommitted lines of credit totaling $ 705 million of which $ 34 million was used as of december 31 , 2012 .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 , 2012 and 2011 , was as follows: . ( millions ) | 2012 | 2011
other weighted average 2.27% ( 2.27 % ) as of dec . 31 2012 and 3.72% ( 3.72 % ) as of december 31 2011 | $ 39 | $ 33
total | $ 39 | $ 33 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 , 2012 , total indebtedness was 42% ( 42 % ) 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 2012 , 2011 and 2010 totaled $ 219 million , $ 212 million and $ 189 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 .rental expense for operating leases was $ 233 million , $ 249 million and $ 233 million in 2012 , 2011 and 2010 , respectively .the primary leased assets include paint stores , transportation equipment , warehouses and other distribution facilities , and office space , including the company 2019s corporate headquarters located in pittsburgh , pa .minimum lease commitments for operating leases that have initial or remaining lease terms in excess of one year as of december 31 , 2012 , are ( in millions ) $ 171 in 2013 , $ 135 in 2014 , $ 107 in 2015 , $ 83 in 2016 , $ 64 in 2017 and $ 135 thereafter .the company had outstanding letters of credit and surety bonds of $ 119 million as of december 31 , 2012 .the letters of credit secure the company 2019s performance to third parties under certain self-insurance programs and other commitments made in the ordinary course of business .as of december 31 , 2012 and 2011 , guarantees outstanding were $ 96 million and $ 90 million , respectively .the guarantees relate primarily to debt of certain entities in which ppg has an ownership interest and selected customers of certain of the company 2019s businesses .a portion of such debt is secured by the assets of the related entities .the carrying values of these guarantees were $ 11 million and $ 13 million as of december 31 , 2012 and 2011 , respectively , and the fair values were $ 11 million and $ 21 million , as of december 31 , 2012 and 2011 , respectively .the fair value of each guarantee was estimated by comparing the net present value of two hypothetical cash flow streams , one based on ppg 2019s incremental borrowing rate and the other based on the borrower 2019s incremental borrowing rate , as of the effective date of the guarantee .both streams were discounted at a risk free rate of return .the company does not believe any loss related to these letters of credit , surety bonds or guarantees is likely .9 .fair value measurement the accounting guidance on fair value measurements establishes a hierarchy with three levels of inputs used to determine fair value .level 1 inputs are quoted prices ( unadjusted ) in active markets for identical assets and liabilities , are considered to be the most reliable evidence of fair value , and should be used whenever available .level 2 inputs are observable prices that are not quoted on active exchanges .level 3 inputs are unobservable inputs employed for measuring the fair value of assets or liabilities .table of contents notes to the consolidated financial statements .
Question: what was the rental expense for operating leases in 2011?
Steps: Ask for number 249
Answer: 249.0
Question: what was it in 2010?
Steps: Ask for number 233
Answer: 233.0
Question: what is the net change in value?
Steps: subtract(249, 233)
Answer: 16.0
Question: what is the percent change?
| 0.06867 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
2012 ppg annual report and form 10-k 45 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 "2010 credit agreement" ) which was subsequently terminated in july 2012 .the 2010 credit agreement provided for a $ 1.2 billion unsecured revolving credit facility .in connection with entering into the 2010 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 2010 credit agreement was set to terminate on august 5 , 2013 .ppg 2019s non-u.s .operations have uncommitted lines of credit totaling $ 705 million of which $ 34 million was used as of december 31 , 2012 .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 , 2012 and 2011 , was as follows: . ( millions ) | 2012 | 2011
other weighted average 2.27% ( 2.27 % ) as of dec . 31 2012 and 3.72% ( 3.72 % ) as of december 31 2011 | $ 39 | $ 33
total | $ 39 | $ 33 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 , 2012 , total indebtedness was 42% ( 42 % ) 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 2012 , 2011 and 2010 totaled $ 219 million , $ 212 million and $ 189 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 .rental expense for operating leases was $ 233 million , $ 249 million and $ 233 million in 2012 , 2011 and 2010 , respectively .the primary leased assets include paint stores , transportation equipment , warehouses and other distribution facilities , and office space , including the company 2019s corporate headquarters located in pittsburgh , pa .minimum lease commitments for operating leases that have initial or remaining lease terms in excess of one year as of december 31 , 2012 , are ( in millions ) $ 171 in 2013 , $ 135 in 2014 , $ 107 in 2015 , $ 83 in 2016 , $ 64 in 2017 and $ 135 thereafter .the company had outstanding letters of credit and surety bonds of $ 119 million as of december 31 , 2012 .the letters of credit secure the company 2019s performance to third parties under certain self-insurance programs and other commitments made in the ordinary course of business .as of december 31 , 2012 and 2011 , guarantees outstanding were $ 96 million and $ 90 million , respectively .the guarantees relate primarily to debt of certain entities in which ppg has an ownership interest and selected customers of certain of the company 2019s businesses .a portion of such debt is secured by the assets of the related entities .the carrying values of these guarantees were $ 11 million and $ 13 million as of december 31 , 2012 and 2011 , respectively , and the fair values were $ 11 million and $ 21 million , as of december 31 , 2012 and 2011 , respectively .the fair value of each guarantee was estimated by comparing the net present value of two hypothetical cash flow streams , one based on ppg 2019s incremental borrowing rate and the other based on the borrower 2019s incremental borrowing rate , as of the effective date of the guarantee .both streams were discounted at a risk free rate of return .the company does not believe any loss related to these letters of credit , surety bonds or guarantees is likely .9 .fair value measurement the accounting guidance on fair value measurements establishes a hierarchy with three levels of inputs used to determine fair value .level 1 inputs are quoted prices ( unadjusted ) in active markets for identical assets and liabilities , are considered to be the most reliable evidence of fair value , and should be used whenever available .level 2 inputs are observable prices that are not quoted on active exchanges .level 3 inputs are unobservable inputs employed for measuring the fair value of assets or liabilities .table of contents notes to the consolidated financial statements .
Question: what was the rental expense for operating leases in 2011?
Steps: Ask for number 249
Answer: 249.0
Question: what was it in 2010?
Steps: Ask for number 233
Answer: 233.0
Question: what is the net change in value?
Steps: subtract(249, 233)
Answer: 16.0
Question: what is the percent change?
| convfinqa1985 |
stock performance graph the following line-graph presentation compares our cumulative shareholder returns with the standard & poor 2019s information technology index and the standard & poor 2019s 500 stock index for the past five years .the line graph assumes the investment of $ 100 in our common stock , the standard & poor 2019s information technology index , and the standard & poor 2019s 500 stock index on may 31 , 2003 and assumes reinvestment of all dividends .comparison of 5 year cumulative total return* among global payments inc. , the s&p 500 index and the s&p information technology index 5/03 5/04 5/05 5/06 5/07 5/08 global payments inc .s&p 500 s&p information technology * $ 100 invested on 5/31/03 in stock or index-including reinvestment of dividends .fiscal year ending may 31 .global payments s&p 500 information technology . | global payments | s&p 500 | s&p information technology
may 31 2003 | $ 100.00 | $ 100.00 | $ 100.00
may 31 2004 | 137.75 | 118.33 | 121.98
may 31 2005 | 205.20 | 128.07 | 123.08
may 31 2006 | 276.37 | 139.14 | 123.99
may 31 2007 | 238.04 | 170.85 | 152.54
may 31 2008 | 281.27 | 159.41 | 156.43 issuer purchases of equity securities in fiscal 2007 , our board of directors approved a share repurchase program that authorized the purchase of up to $ 100 million of global payments 2019 stock in the open market or as otherwise may be determined by us , subject to market conditions , business opportunities , and other factors .under this authorization , we have repurchased 2.3 million shares of our common stock .this authorization has no expiration date and may be suspended or terminated at any time .repurchased shares will be retired but will be available for future issuance. .
Question: what is value of an investment in global payments in 2005?
| 205.2 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
stock performance graph the following line-graph presentation compares our cumulative shareholder returns with the standard & poor 2019s information technology index and the standard & poor 2019s 500 stock index for the past five years .the line graph assumes the investment of $ 100 in our common stock , the standard & poor 2019s information technology index , and the standard & poor 2019s 500 stock index on may 31 , 2003 and assumes reinvestment of all dividends .comparison of 5 year cumulative total return* among global payments inc. , the s&p 500 index and the s&p information technology index 5/03 5/04 5/05 5/06 5/07 5/08 global payments inc .s&p 500 s&p information technology * $ 100 invested on 5/31/03 in stock or index-including reinvestment of dividends .fiscal year ending may 31 .global payments s&p 500 information technology . | global payments | s&p 500 | s&p information technology
may 31 2003 | $ 100.00 | $ 100.00 | $ 100.00
may 31 2004 | 137.75 | 118.33 | 121.98
may 31 2005 | 205.20 | 128.07 | 123.08
may 31 2006 | 276.37 | 139.14 | 123.99
may 31 2007 | 238.04 | 170.85 | 152.54
may 31 2008 | 281.27 | 159.41 | 156.43 issuer purchases of equity securities in fiscal 2007 , our board of directors approved a share repurchase program that authorized the purchase of up to $ 100 million of global payments 2019 stock in the open market or as otherwise may be determined by us , subject to market conditions , business opportunities , and other factors .under this authorization , we have repurchased 2.3 million shares of our common stock .this authorization has no expiration date and may be suspended or terminated at any time .repurchased shares will be retired but will be available for future issuance. .
Question: what is value of an investment in global payments in 2005?
| convfinqa1986 |
stock performance graph the following line-graph presentation compares our cumulative shareholder returns with the standard & poor 2019s information technology index and the standard & poor 2019s 500 stock index for the past five years .the line graph assumes the investment of $ 100 in our common stock , the standard & poor 2019s information technology index , and the standard & poor 2019s 500 stock index on may 31 , 2003 and assumes reinvestment of all dividends .comparison of 5 year cumulative total return* among global payments inc. , the s&p 500 index and the s&p information technology index 5/03 5/04 5/05 5/06 5/07 5/08 global payments inc .s&p 500 s&p information technology * $ 100 invested on 5/31/03 in stock or index-including reinvestment of dividends .fiscal year ending may 31 .global payments s&p 500 information technology . | global payments | s&p 500 | s&p information technology
may 31 2003 | $ 100.00 | $ 100.00 | $ 100.00
may 31 2004 | 137.75 | 118.33 | 121.98
may 31 2005 | 205.20 | 128.07 | 123.08
may 31 2006 | 276.37 | 139.14 | 123.99
may 31 2007 | 238.04 | 170.85 | 152.54
may 31 2008 | 281.27 | 159.41 | 156.43 issuer purchases of equity securities in fiscal 2007 , our board of directors approved a share repurchase program that authorized the purchase of up to $ 100 million of global payments 2019 stock in the open market or as otherwise may be determined by us , subject to market conditions , business opportunities , and other factors .under this authorization , we have repurchased 2.3 million shares of our common stock .this authorization has no expiration date and may be suspended or terminated at any time .repurchased shares will be retired but will be available for future issuance. .
Question: what is value of an investment in global payments in 2005?
Steps: Ask for number 205.20
Answer: 205.2
Question: what about in 2004?
| 137.75 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
stock performance graph the following line-graph presentation compares our cumulative shareholder returns with the standard & poor 2019s information technology index and the standard & poor 2019s 500 stock index for the past five years .the line graph assumes the investment of $ 100 in our common stock , the standard & poor 2019s information technology index , and the standard & poor 2019s 500 stock index on may 31 , 2003 and assumes reinvestment of all dividends .comparison of 5 year cumulative total return* among global payments inc. , the s&p 500 index and the s&p information technology index 5/03 5/04 5/05 5/06 5/07 5/08 global payments inc .s&p 500 s&p information technology * $ 100 invested on 5/31/03 in stock or index-including reinvestment of dividends .fiscal year ending may 31 .global payments s&p 500 information technology . | global payments | s&p 500 | s&p information technology
may 31 2003 | $ 100.00 | $ 100.00 | $ 100.00
may 31 2004 | 137.75 | 118.33 | 121.98
may 31 2005 | 205.20 | 128.07 | 123.08
may 31 2006 | 276.37 | 139.14 | 123.99
may 31 2007 | 238.04 | 170.85 | 152.54
may 31 2008 | 281.27 | 159.41 | 156.43 issuer purchases of equity securities in fiscal 2007 , our board of directors approved a share repurchase program that authorized the purchase of up to $ 100 million of global payments 2019 stock in the open market or as otherwise may be determined by us , subject to market conditions , business opportunities , and other factors .under this authorization , we have repurchased 2.3 million shares of our common stock .this authorization has no expiration date and may be suspended or terminated at any time .repurchased shares will be retired but will be available for future issuance. .
Question: what is value of an investment in global payments in 2005?
Steps: Ask for number 205.20
Answer: 205.2
Question: what about in 2004?
| convfinqa1987 |
stock performance graph the following line-graph presentation compares our cumulative shareholder returns with the standard & poor 2019s information technology index and the standard & poor 2019s 500 stock index for the past five years .the line graph assumes the investment of $ 100 in our common stock , the standard & poor 2019s information technology index , and the standard & poor 2019s 500 stock index on may 31 , 2003 and assumes reinvestment of all dividends .comparison of 5 year cumulative total return* among global payments inc. , the s&p 500 index and the s&p information technology index 5/03 5/04 5/05 5/06 5/07 5/08 global payments inc .s&p 500 s&p information technology * $ 100 invested on 5/31/03 in stock or index-including reinvestment of dividends .fiscal year ending may 31 .global payments s&p 500 information technology . | global payments | s&p 500 | s&p information technology
may 31 2003 | $ 100.00 | $ 100.00 | $ 100.00
may 31 2004 | 137.75 | 118.33 | 121.98
may 31 2005 | 205.20 | 128.07 | 123.08
may 31 2006 | 276.37 | 139.14 | 123.99
may 31 2007 | 238.04 | 170.85 | 152.54
may 31 2008 | 281.27 | 159.41 | 156.43 issuer purchases of equity securities in fiscal 2007 , our board of directors approved a share repurchase program that authorized the purchase of up to $ 100 million of global payments 2019 stock in the open market or as otherwise may be determined by us , subject to market conditions , business opportunities , and other factors .under this authorization , we have repurchased 2.3 million shares of our common stock .this authorization has no expiration date and may be suspended or terminated at any time .repurchased shares will be retired but will be available for future issuance. .
Question: what is value of an investment in global payments in 2005?
Steps: Ask for number 205.20
Answer: 205.2
Question: what about in 2004?
Steps: Ask for number 137.75
Answer: 137.75
Question: what is the change in value of this investment?
| 67.45 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
stock performance graph the following line-graph presentation compares our cumulative shareholder returns with the standard & poor 2019s information technology index and the standard & poor 2019s 500 stock index for the past five years .the line graph assumes the investment of $ 100 in our common stock , the standard & poor 2019s information technology index , and the standard & poor 2019s 500 stock index on may 31 , 2003 and assumes reinvestment of all dividends .comparison of 5 year cumulative total return* among global payments inc. , the s&p 500 index and the s&p information technology index 5/03 5/04 5/05 5/06 5/07 5/08 global payments inc .s&p 500 s&p information technology * $ 100 invested on 5/31/03 in stock or index-including reinvestment of dividends .fiscal year ending may 31 .global payments s&p 500 information technology . | global payments | s&p 500 | s&p information technology
may 31 2003 | $ 100.00 | $ 100.00 | $ 100.00
may 31 2004 | 137.75 | 118.33 | 121.98
may 31 2005 | 205.20 | 128.07 | 123.08
may 31 2006 | 276.37 | 139.14 | 123.99
may 31 2007 | 238.04 | 170.85 | 152.54
may 31 2008 | 281.27 | 159.41 | 156.43 issuer purchases of equity securities in fiscal 2007 , our board of directors approved a share repurchase program that authorized the purchase of up to $ 100 million of global payments 2019 stock in the open market or as otherwise may be determined by us , subject to market conditions , business opportunities , and other factors .under this authorization , we have repurchased 2.3 million shares of our common stock .this authorization has no expiration date and may be suspended or terminated at any time .repurchased shares will be retired but will be available for future issuance. .
Question: what is value of an investment in global payments in 2005?
Steps: Ask for number 205.20
Answer: 205.2
Question: what about in 2004?
Steps: Ask for number 137.75
Answer: 137.75
Question: what is the change in value of this investment?
| convfinqa1988 |
stock performance graph the following line-graph presentation compares our cumulative shareholder returns with the standard & poor 2019s information technology index and the standard & poor 2019s 500 stock index for the past five years .the line graph assumes the investment of $ 100 in our common stock , the standard & poor 2019s information technology index , and the standard & poor 2019s 500 stock index on may 31 , 2003 and assumes reinvestment of all dividends .comparison of 5 year cumulative total return* among global payments inc. , the s&p 500 index and the s&p information technology index 5/03 5/04 5/05 5/06 5/07 5/08 global payments inc .s&p 500 s&p information technology * $ 100 invested on 5/31/03 in stock or index-including reinvestment of dividends .fiscal year ending may 31 .global payments s&p 500 information technology . | global payments | s&p 500 | s&p information technology
may 31 2003 | $ 100.00 | $ 100.00 | $ 100.00
may 31 2004 | 137.75 | 118.33 | 121.98
may 31 2005 | 205.20 | 128.07 | 123.08
may 31 2006 | 276.37 | 139.14 | 123.99
may 31 2007 | 238.04 | 170.85 | 152.54
may 31 2008 | 281.27 | 159.41 | 156.43 issuer purchases of equity securities in fiscal 2007 , our board of directors approved a share repurchase program that authorized the purchase of up to $ 100 million of global payments 2019 stock in the open market or as otherwise may be determined by us , subject to market conditions , business opportunities , and other factors .under this authorization , we have repurchased 2.3 million shares of our common stock .this authorization has no expiration date and may be suspended or terminated at any time .repurchased shares will be retired but will be available for future issuance. .
Question: what is value of an investment in global payments in 2005?
Steps: Ask for number 205.20
Answer: 205.2
Question: what about in 2004?
Steps: Ask for number 137.75
Answer: 137.75
Question: what is the change in value of this investment?
Steps: subtract(205.20, 137.75)
Answer: 67.45
Question: what roi does this represent?
| 0.48966 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
stock performance graph the following line-graph presentation compares our cumulative shareholder returns with the standard & poor 2019s information technology index and the standard & poor 2019s 500 stock index for the past five years .the line graph assumes the investment of $ 100 in our common stock , the standard & poor 2019s information technology index , and the standard & poor 2019s 500 stock index on may 31 , 2003 and assumes reinvestment of all dividends .comparison of 5 year cumulative total return* among global payments inc. , the s&p 500 index and the s&p information technology index 5/03 5/04 5/05 5/06 5/07 5/08 global payments inc .s&p 500 s&p information technology * $ 100 invested on 5/31/03 in stock or index-including reinvestment of dividends .fiscal year ending may 31 .global payments s&p 500 information technology . | global payments | s&p 500 | s&p information technology
may 31 2003 | $ 100.00 | $ 100.00 | $ 100.00
may 31 2004 | 137.75 | 118.33 | 121.98
may 31 2005 | 205.20 | 128.07 | 123.08
may 31 2006 | 276.37 | 139.14 | 123.99
may 31 2007 | 238.04 | 170.85 | 152.54
may 31 2008 | 281.27 | 159.41 | 156.43 issuer purchases of equity securities in fiscal 2007 , our board of directors approved a share repurchase program that authorized the purchase of up to $ 100 million of global payments 2019 stock in the open market or as otherwise may be determined by us , subject to market conditions , business opportunities , and other factors .under this authorization , we have repurchased 2.3 million shares of our common stock .this authorization has no expiration date and may be suspended or terminated at any time .repurchased shares will be retired but will be available for future issuance. .
Question: what is value of an investment in global payments in 2005?
Steps: Ask for number 205.20
Answer: 205.2
Question: what about in 2004?
Steps: Ask for number 137.75
Answer: 137.75
Question: what is the change in value of this investment?
Steps: subtract(205.20, 137.75)
Answer: 67.45
Question: what roi does this represent?
| convfinqa1989 |
entergy arkansas , inc .management's financial discussion and analysis results of operations net income 2008 compared to 2007 net income decreased $ 92.0 million primarily due to higher other operation and maintenance expenses , higher depreciation and amortization expenses , and a higher effective income tax rate , partially offset by higher net revenue .the higher other operation and maintenance expenses resulted primarily from the write-off of approximately $ 70.8 million of costs as a result of the december 2008 arkansas court of appeals decision in entergy arkansas' base rate case .the base rate case is discussed in more detail in note 2 to the financial statements .2007 compared to 2006 net income decreased $ 34.0 million primarily due to higher other operation and maintenance expenses , higher depreciation and amortization expenses , and a higher effective income tax rate .the decrease was partially offset by higher net revenue .net revenue 2008 compared to 2007 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory credits .following is an analysis of the change in net revenue comparing 2008 to 2007 .amount ( in millions ) . | amount ( in millions )
2007 net revenue | $ 1110.6
rider revenue | 13.6
purchased power capacity | 4.8
volume/weather | -14.6 ( 14.6 )
other | 3.5
2008 net revenue | $ 1117.9 the rider revenue variance is primarily due to an energy efficiency rider which became effective in november 2007 .the establishment of the rider results in an increase in rider revenue and a corresponding increase in other operation and maintenance expense with no effect on net income .also contributing to the variance was an increase in franchise tax rider revenue as a result of higher retail revenues .the corresponding increase is in taxes other than income taxes , resulting in no effect on net income .the purchased power capacity variance is primarily due to lower reserve equalization expenses .the volume/weather variance is primarily due to the effect of less favorable weather on residential and commercial sales during the billed and unbilled sales periods compared to 2007 and a 2.9% ( 2.9 % ) volume decrease in industrial sales , primarily in the wood industry and the small customer class .billed electricity usage decreased 333 gwh in all sectors .see "critical accounting estimates" below and note 1 to the financial statements for further discussion of the accounting for unbilled revenues. .
Question: what is the net revenue in 2007?
| 1110.6 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
entergy arkansas , inc .management's financial discussion and analysis results of operations net income 2008 compared to 2007 net income decreased $ 92.0 million primarily due to higher other operation and maintenance expenses , higher depreciation and amortization expenses , and a higher effective income tax rate , partially offset by higher net revenue .the higher other operation and maintenance expenses resulted primarily from the write-off of approximately $ 70.8 million of costs as a result of the december 2008 arkansas court of appeals decision in entergy arkansas' base rate case .the base rate case is discussed in more detail in note 2 to the financial statements .2007 compared to 2006 net income decreased $ 34.0 million primarily due to higher other operation and maintenance expenses , higher depreciation and amortization expenses , and a higher effective income tax rate .the decrease was partially offset by higher net revenue .net revenue 2008 compared to 2007 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory credits .following is an analysis of the change in net revenue comparing 2008 to 2007 .amount ( in millions ) . | amount ( in millions )
2007 net revenue | $ 1110.6
rider revenue | 13.6
purchased power capacity | 4.8
volume/weather | -14.6 ( 14.6 )
other | 3.5
2008 net revenue | $ 1117.9 the rider revenue variance is primarily due to an energy efficiency rider which became effective in november 2007 .the establishment of the rider results in an increase in rider revenue and a corresponding increase in other operation and maintenance expense with no effect on net income .also contributing to the variance was an increase in franchise tax rider revenue as a result of higher retail revenues .the corresponding increase is in taxes other than income taxes , resulting in no effect on net income .the purchased power capacity variance is primarily due to lower reserve equalization expenses .the volume/weather variance is primarily due to the effect of less favorable weather on residential and commercial sales during the billed and unbilled sales periods compared to 2007 and a 2.9% ( 2.9 % ) volume decrease in industrial sales , primarily in the wood industry and the small customer class .billed electricity usage decreased 333 gwh in all sectors .see "critical accounting estimates" below and note 1 to the financial statements for further discussion of the accounting for unbilled revenues. .
Question: what is the net revenue in 2007?
| convfinqa1990 |
entergy arkansas , inc .management's financial discussion and analysis results of operations net income 2008 compared to 2007 net income decreased $ 92.0 million primarily due to higher other operation and maintenance expenses , higher depreciation and amortization expenses , and a higher effective income tax rate , partially offset by higher net revenue .the higher other operation and maintenance expenses resulted primarily from the write-off of approximately $ 70.8 million of costs as a result of the december 2008 arkansas court of appeals decision in entergy arkansas' base rate case .the base rate case is discussed in more detail in note 2 to the financial statements .2007 compared to 2006 net income decreased $ 34.0 million primarily due to higher other operation and maintenance expenses , higher depreciation and amortization expenses , and a higher effective income tax rate .the decrease was partially offset by higher net revenue .net revenue 2008 compared to 2007 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory credits .following is an analysis of the change in net revenue comparing 2008 to 2007 .amount ( in millions ) . | amount ( in millions )
2007 net revenue | $ 1110.6
rider revenue | 13.6
purchased power capacity | 4.8
volume/weather | -14.6 ( 14.6 )
other | 3.5
2008 net revenue | $ 1117.9 the rider revenue variance is primarily due to an energy efficiency rider which became effective in november 2007 .the establishment of the rider results in an increase in rider revenue and a corresponding increase in other operation and maintenance expense with no effect on net income .also contributing to the variance was an increase in franchise tax rider revenue as a result of higher retail revenues .the corresponding increase is in taxes other than income taxes , resulting in no effect on net income .the purchased power capacity variance is primarily due to lower reserve equalization expenses .the volume/weather variance is primarily due to the effect of less favorable weather on residential and commercial sales during the billed and unbilled sales periods compared to 2007 and a 2.9% ( 2.9 % ) volume decrease in industrial sales , primarily in the wood industry and the small customer class .billed electricity usage decreased 333 gwh in all sectors .see "critical accounting estimates" below and note 1 to the financial statements for further discussion of the accounting for unbilled revenues. .
Question: what is the net revenue in 2007?
Steps: Ask for number 1110.6
Answer: 1110.6
Question: what about in 2008?
| 1117.9 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
entergy arkansas , inc .management's financial discussion and analysis results of operations net income 2008 compared to 2007 net income decreased $ 92.0 million primarily due to higher other operation and maintenance expenses , higher depreciation and amortization expenses , and a higher effective income tax rate , partially offset by higher net revenue .the higher other operation and maintenance expenses resulted primarily from the write-off of approximately $ 70.8 million of costs as a result of the december 2008 arkansas court of appeals decision in entergy arkansas' base rate case .the base rate case is discussed in more detail in note 2 to the financial statements .2007 compared to 2006 net income decreased $ 34.0 million primarily due to higher other operation and maintenance expenses , higher depreciation and amortization expenses , and a higher effective income tax rate .the decrease was partially offset by higher net revenue .net revenue 2008 compared to 2007 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory credits .following is an analysis of the change in net revenue comparing 2008 to 2007 .amount ( in millions ) . | amount ( in millions )
2007 net revenue | $ 1110.6
rider revenue | 13.6
purchased power capacity | 4.8
volume/weather | -14.6 ( 14.6 )
other | 3.5
2008 net revenue | $ 1117.9 the rider revenue variance is primarily due to an energy efficiency rider which became effective in november 2007 .the establishment of the rider results in an increase in rider revenue and a corresponding increase in other operation and maintenance expense with no effect on net income .also contributing to the variance was an increase in franchise tax rider revenue as a result of higher retail revenues .the corresponding increase is in taxes other than income taxes , resulting in no effect on net income .the purchased power capacity variance is primarily due to lower reserve equalization expenses .the volume/weather variance is primarily due to the effect of less favorable weather on residential and commercial sales during the billed and unbilled sales periods compared to 2007 and a 2.9% ( 2.9 % ) volume decrease in industrial sales , primarily in the wood industry and the small customer class .billed electricity usage decreased 333 gwh in all sectors .see "critical accounting estimates" below and note 1 to the financial statements for further discussion of the accounting for unbilled revenues. .
Question: what is the net revenue in 2007?
Steps: Ask for number 1110.6
Answer: 1110.6
Question: what about in 2008?
| convfinqa1991 |
entergy arkansas , inc .management's financial discussion and analysis results of operations net income 2008 compared to 2007 net income decreased $ 92.0 million primarily due to higher other operation and maintenance expenses , higher depreciation and amortization expenses , and a higher effective income tax rate , partially offset by higher net revenue .the higher other operation and maintenance expenses resulted primarily from the write-off of approximately $ 70.8 million of costs as a result of the december 2008 arkansas court of appeals decision in entergy arkansas' base rate case .the base rate case is discussed in more detail in note 2 to the financial statements .2007 compared to 2006 net income decreased $ 34.0 million primarily due to higher other operation and maintenance expenses , higher depreciation and amortization expenses , and a higher effective income tax rate .the decrease was partially offset by higher net revenue .net revenue 2008 compared to 2007 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory credits .following is an analysis of the change in net revenue comparing 2008 to 2007 .amount ( in millions ) . | amount ( in millions )
2007 net revenue | $ 1110.6
rider revenue | 13.6
purchased power capacity | 4.8
volume/weather | -14.6 ( 14.6 )
other | 3.5
2008 net revenue | $ 1117.9 the rider revenue variance is primarily due to an energy efficiency rider which became effective in november 2007 .the establishment of the rider results in an increase in rider revenue and a corresponding increase in other operation and maintenance expense with no effect on net income .also contributing to the variance was an increase in franchise tax rider revenue as a result of higher retail revenues .the corresponding increase is in taxes other than income taxes , resulting in no effect on net income .the purchased power capacity variance is primarily due to lower reserve equalization expenses .the volume/weather variance is primarily due to the effect of less favorable weather on residential and commercial sales during the billed and unbilled sales periods compared to 2007 and a 2.9% ( 2.9 % ) volume decrease in industrial sales , primarily in the wood industry and the small customer class .billed electricity usage decreased 333 gwh in all sectors .see "critical accounting estimates" below and note 1 to the financial statements for further discussion of the accounting for unbilled revenues. .
Question: what is the net revenue in 2007?
Steps: Ask for number 1110.6
Answer: 1110.6
Question: what about in 2008?
Steps: Ask for number 1117.9
Answer: 1117.9
Question: what is the net change?
| -7.3 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
entergy arkansas , inc .management's financial discussion and analysis results of operations net income 2008 compared to 2007 net income decreased $ 92.0 million primarily due to higher other operation and maintenance expenses , higher depreciation and amortization expenses , and a higher effective income tax rate , partially offset by higher net revenue .the higher other operation and maintenance expenses resulted primarily from the write-off of approximately $ 70.8 million of costs as a result of the december 2008 arkansas court of appeals decision in entergy arkansas' base rate case .the base rate case is discussed in more detail in note 2 to the financial statements .2007 compared to 2006 net income decreased $ 34.0 million primarily due to higher other operation and maintenance expenses , higher depreciation and amortization expenses , and a higher effective income tax rate .the decrease was partially offset by higher net revenue .net revenue 2008 compared to 2007 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory credits .following is an analysis of the change in net revenue comparing 2008 to 2007 .amount ( in millions ) . | amount ( in millions )
2007 net revenue | $ 1110.6
rider revenue | 13.6
purchased power capacity | 4.8
volume/weather | -14.6 ( 14.6 )
other | 3.5
2008 net revenue | $ 1117.9 the rider revenue variance is primarily due to an energy efficiency rider which became effective in november 2007 .the establishment of the rider results in an increase in rider revenue and a corresponding increase in other operation and maintenance expense with no effect on net income .also contributing to the variance was an increase in franchise tax rider revenue as a result of higher retail revenues .the corresponding increase is in taxes other than income taxes , resulting in no effect on net income .the purchased power capacity variance is primarily due to lower reserve equalization expenses .the volume/weather variance is primarily due to the effect of less favorable weather on residential and commercial sales during the billed and unbilled sales periods compared to 2007 and a 2.9% ( 2.9 % ) volume decrease in industrial sales , primarily in the wood industry and the small customer class .billed electricity usage decreased 333 gwh in all sectors .see "critical accounting estimates" below and note 1 to the financial statements for further discussion of the accounting for unbilled revenues. .
Question: what is the net revenue in 2007?
Steps: Ask for number 1110.6
Answer: 1110.6
Question: what about in 2008?
Steps: Ask for number 1117.9
Answer: 1117.9
Question: what is the net change?
| convfinqa1992 |
entergy arkansas , inc .management's financial discussion and analysis results of operations net income 2008 compared to 2007 net income decreased $ 92.0 million primarily due to higher other operation and maintenance expenses , higher depreciation and amortization expenses , and a higher effective income tax rate , partially offset by higher net revenue .the higher other operation and maintenance expenses resulted primarily from the write-off of approximately $ 70.8 million of costs as a result of the december 2008 arkansas court of appeals decision in entergy arkansas' base rate case .the base rate case is discussed in more detail in note 2 to the financial statements .2007 compared to 2006 net income decreased $ 34.0 million primarily due to higher other operation and maintenance expenses , higher depreciation and amortization expenses , and a higher effective income tax rate .the decrease was partially offset by higher net revenue .net revenue 2008 compared to 2007 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory credits .following is an analysis of the change in net revenue comparing 2008 to 2007 .amount ( in millions ) . | amount ( in millions )
2007 net revenue | $ 1110.6
rider revenue | 13.6
purchased power capacity | 4.8
volume/weather | -14.6 ( 14.6 )
other | 3.5
2008 net revenue | $ 1117.9 the rider revenue variance is primarily due to an energy efficiency rider which became effective in november 2007 .the establishment of the rider results in an increase in rider revenue and a corresponding increase in other operation and maintenance expense with no effect on net income .also contributing to the variance was an increase in franchise tax rider revenue as a result of higher retail revenues .the corresponding increase is in taxes other than income taxes , resulting in no effect on net income .the purchased power capacity variance is primarily due to lower reserve equalization expenses .the volume/weather variance is primarily due to the effect of less favorable weather on residential and commercial sales during the billed and unbilled sales periods compared to 2007 and a 2.9% ( 2.9 % ) volume decrease in industrial sales , primarily in the wood industry and the small customer class .billed electricity usage decreased 333 gwh in all sectors .see "critical accounting estimates" below and note 1 to the financial statements for further discussion of the accounting for unbilled revenues. .
Question: what is the net revenue in 2007?
Steps: Ask for number 1110.6
Answer: 1110.6
Question: what about in 2008?
Steps: Ask for number 1117.9
Answer: 1117.9
Question: what is the net change?
Steps: subtract(1110.6, 1117.9)
Answer: -7.3
Question: what growth rate does this represent?
| -0.00653 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
entergy arkansas , inc .management's financial discussion and analysis results of operations net income 2008 compared to 2007 net income decreased $ 92.0 million primarily due to higher other operation and maintenance expenses , higher depreciation and amortization expenses , and a higher effective income tax rate , partially offset by higher net revenue .the higher other operation and maintenance expenses resulted primarily from the write-off of approximately $ 70.8 million of costs as a result of the december 2008 arkansas court of appeals decision in entergy arkansas' base rate case .the base rate case is discussed in more detail in note 2 to the financial statements .2007 compared to 2006 net income decreased $ 34.0 million primarily due to higher other operation and maintenance expenses , higher depreciation and amortization expenses , and a higher effective income tax rate .the decrease was partially offset by higher net revenue .net revenue 2008 compared to 2007 net revenue consists of operating revenues net of : 1 ) fuel , fuel-related expenses , and gas purchased for resale , 2 ) purchased power expenses , and 3 ) other regulatory credits .following is an analysis of the change in net revenue comparing 2008 to 2007 .amount ( in millions ) . | amount ( in millions )
2007 net revenue | $ 1110.6
rider revenue | 13.6
purchased power capacity | 4.8
volume/weather | -14.6 ( 14.6 )
other | 3.5
2008 net revenue | $ 1117.9 the rider revenue variance is primarily due to an energy efficiency rider which became effective in november 2007 .the establishment of the rider results in an increase in rider revenue and a corresponding increase in other operation and maintenance expense with no effect on net income .also contributing to the variance was an increase in franchise tax rider revenue as a result of higher retail revenues .the corresponding increase is in taxes other than income taxes , resulting in no effect on net income .the purchased power capacity variance is primarily due to lower reserve equalization expenses .the volume/weather variance is primarily due to the effect of less favorable weather on residential and commercial sales during the billed and unbilled sales periods compared to 2007 and a 2.9% ( 2.9 % ) volume decrease in industrial sales , primarily in the wood industry and the small customer class .billed electricity usage decreased 333 gwh in all sectors .see "critical accounting estimates" below and note 1 to the financial statements for further discussion of the accounting for unbilled revenues. .
Question: what is the net revenue in 2007?
Steps: Ask for number 1110.6
Answer: 1110.6
Question: what about in 2008?
Steps: Ask for number 1117.9
Answer: 1117.9
Question: what is the net change?
Steps: subtract(1110.6, 1117.9)
Answer: -7.3
Question: what growth rate does this represent?
| convfinqa1993 |
hologic , inc .notes to consolidated financial statements ( continued ) ( in thousands , except per share data ) fiscal 2007 acquisition : acquisition of biolucent , inc .on september 18 , 2007 the company completed the acquisition of biolucent , inc .( 201cbiolucent 201d ) pursuant to a definitive agreement dated june 20 , 2007 .the results of operations for biolucent have been included in the company 2019s consolidated financial statements from the date of acquisition as part of its mammography/breast care business segment .the company has concluded that the acquisition of biolucent does not represent a material business combination and therefore no pro forma financial information has been provided herein .biolucent , previously located in aliso viejo , california , develops , markets and sells mammopad breast cushions to decrease the discomfort associated with mammography .prior to the acquisition , biolucent 2019s primary research and development efforts were directed at its brachytherapy business which was focused on breast cancer therapy .prior to the acquisition , biolucent spun-off its brachytherapy technology and business to the holders of biolucent 2019s outstanding shares of capital stock .as a result , the company only acquired biolucent 2019s mammopad cushion business and related assets .the company invested $ 1000 directly in the spun-off brachytherapy business in exchange for shares of preferred stock issued by the new business .the aggregate purchase price for biolucent was approximately $ 73200 , consisting of approximately $ 6800 in cash and 2314 shares of hologic common stock valued at approximately $ 63200 , debt assumed and paid off of approximately $ 1600 and approximately $ 1600 for acquisition related fees and expenses .the company determined the fair value of the shares issued in connection with the acquisition in accordance with eitf issue no .99-12 , determination of the measurement date for the market price of acquirer securities issued in a purchase business combination .the acquisition also provides for up to two annual earn-out payments not to exceed $ 15000 in the aggregate based on biolucent 2019s achievement of certain revenue targets .the company has considered the provision of eitf issue no .95-8 , accounting for contingent consideration paid to the shareholders of an acquired enterprise in a purchase business combination , and concluded that this contingent consideration will represent additional purchase price .as a result , goodwill will be increased by the amount of the additional consideration , if any , when it becomes due and payable .as of september 27 , 2008 , the company has not recorded any amounts for these potential earn-outs .the allocation of the purchase price is based upon estimates of the fair value of assets acquired and liabilities assumed as of september 18 , 2007 .the components and allocation of the purchase price consists of the following approximate amounts: . net tangible assets acquired as of september 18 2007 | $ 2800
developed technology and know how | 12300
customer relationship | 17000
trade name | 2800
deferred income tax liabilities net | -9500 ( 9500 )
goodwill | 47800
final purchase price | $ 73200 as part of the purchase price allocation , all intangible assets that were a part of the acquisition were identified and valued .it was determined that only customer relationship , trade name and developed technology and know-how had separately identifiable values .the fair value of these intangible assets was determined through the application of the income approach .customer relationship represents a large customer base that is expected to purchase the disposable mammopad product on a regular basis .trade name represents the .
Question: what portion of the final purchase price of biolucent is for goodwill?
| 0.65301 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
hologic , inc .notes to consolidated financial statements ( continued ) ( in thousands , except per share data ) fiscal 2007 acquisition : acquisition of biolucent , inc .on september 18 , 2007 the company completed the acquisition of biolucent , inc .( 201cbiolucent 201d ) pursuant to a definitive agreement dated june 20 , 2007 .the results of operations for biolucent have been included in the company 2019s consolidated financial statements from the date of acquisition as part of its mammography/breast care business segment .the company has concluded that the acquisition of biolucent does not represent a material business combination and therefore no pro forma financial information has been provided herein .biolucent , previously located in aliso viejo , california , develops , markets and sells mammopad breast cushions to decrease the discomfort associated with mammography .prior to the acquisition , biolucent 2019s primary research and development efforts were directed at its brachytherapy business which was focused on breast cancer therapy .prior to the acquisition , biolucent spun-off its brachytherapy technology and business to the holders of biolucent 2019s outstanding shares of capital stock .as a result , the company only acquired biolucent 2019s mammopad cushion business and related assets .the company invested $ 1000 directly in the spun-off brachytherapy business in exchange for shares of preferred stock issued by the new business .the aggregate purchase price for biolucent was approximately $ 73200 , consisting of approximately $ 6800 in cash and 2314 shares of hologic common stock valued at approximately $ 63200 , debt assumed and paid off of approximately $ 1600 and approximately $ 1600 for acquisition related fees and expenses .the company determined the fair value of the shares issued in connection with the acquisition in accordance with eitf issue no .99-12 , determination of the measurement date for the market price of acquirer securities issued in a purchase business combination .the acquisition also provides for up to two annual earn-out payments not to exceed $ 15000 in the aggregate based on biolucent 2019s achievement of certain revenue targets .the company has considered the provision of eitf issue no .95-8 , accounting for contingent consideration paid to the shareholders of an acquired enterprise in a purchase business combination , and concluded that this contingent consideration will represent additional purchase price .as a result , goodwill will be increased by the amount of the additional consideration , if any , when it becomes due and payable .as of september 27 , 2008 , the company has not recorded any amounts for these potential earn-outs .the allocation of the purchase price is based upon estimates of the fair value of assets acquired and liabilities assumed as of september 18 , 2007 .the components and allocation of the purchase price consists of the following approximate amounts: . net tangible assets acquired as of september 18 2007 | $ 2800
developed technology and know how | 12300
customer relationship | 17000
trade name | 2800
deferred income tax liabilities net | -9500 ( 9500 )
goodwill | 47800
final purchase price | $ 73200 as part of the purchase price allocation , all intangible assets that were a part of the acquisition were identified and valued .it was determined that only customer relationship , trade name and developed technology and know-how had separately identifiable values .the fair value of these intangible assets was determined through the application of the income approach .customer relationship represents a large customer base that is expected to purchase the disposable mammopad product on a regular basis .trade name represents the .
Question: what portion of the final purchase price of biolucent is for goodwill?
| convfinqa1994 |
hologic , inc .notes to consolidated financial statements ( continued ) ( in thousands , except per share data ) fiscal 2007 acquisition : acquisition of biolucent , inc .on september 18 , 2007 the company completed the acquisition of biolucent , inc .( 201cbiolucent 201d ) pursuant to a definitive agreement dated june 20 , 2007 .the results of operations for biolucent have been included in the company 2019s consolidated financial statements from the date of acquisition as part of its mammography/breast care business segment .the company has concluded that the acquisition of biolucent does not represent a material business combination and therefore no pro forma financial information has been provided herein .biolucent , previously located in aliso viejo , california , develops , markets and sells mammopad breast cushions to decrease the discomfort associated with mammography .prior to the acquisition , biolucent 2019s primary research and development efforts were directed at its brachytherapy business which was focused on breast cancer therapy .prior to the acquisition , biolucent spun-off its brachytherapy technology and business to the holders of biolucent 2019s outstanding shares of capital stock .as a result , the company only acquired biolucent 2019s mammopad cushion business and related assets .the company invested $ 1000 directly in the spun-off brachytherapy business in exchange for shares of preferred stock issued by the new business .the aggregate purchase price for biolucent was approximately $ 73200 , consisting of approximately $ 6800 in cash and 2314 shares of hologic common stock valued at approximately $ 63200 , debt assumed and paid off of approximately $ 1600 and approximately $ 1600 for acquisition related fees and expenses .the company determined the fair value of the shares issued in connection with the acquisition in accordance with eitf issue no .99-12 , determination of the measurement date for the market price of acquirer securities issued in a purchase business combination .the acquisition also provides for up to two annual earn-out payments not to exceed $ 15000 in the aggregate based on biolucent 2019s achievement of certain revenue targets .the company has considered the provision of eitf issue no .95-8 , accounting for contingent consideration paid to the shareholders of an acquired enterprise in a purchase business combination , and concluded that this contingent consideration will represent additional purchase price .as a result , goodwill will be increased by the amount of the additional consideration , if any , when it becomes due and payable .as of september 27 , 2008 , the company has not recorded any amounts for these potential earn-outs .the allocation of the purchase price is based upon estimates of the fair value of assets acquired and liabilities assumed as of september 18 , 2007 .the components and allocation of the purchase price consists of the following approximate amounts: . net tangible assets acquired as of september 18 2007 | $ 2800
developed technology and know how | 12300
customer relationship | 17000
trade name | 2800
deferred income tax liabilities net | -9500 ( 9500 )
goodwill | 47800
final purchase price | $ 73200 as part of the purchase price allocation , all intangible assets that were a part of the acquisition were identified and valued .it was determined that only customer relationship , trade name and developed technology and know-how had separately identifiable values .the fair value of these intangible assets was determined through the application of the income approach .customer relationship represents a large customer base that is expected to purchase the disposable mammopad product on a regular basis .trade name represents the .
Question: what portion of the final purchase price of biolucent is for goodwill?
Steps: Ask for number 47800
Answer: 0.65301
Question: what is the estimated price of hologic common stock used in the biolucent acquisition?
| 27.31201 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
hologic , inc .notes to consolidated financial statements ( continued ) ( in thousands , except per share data ) fiscal 2007 acquisition : acquisition of biolucent , inc .on september 18 , 2007 the company completed the acquisition of biolucent , inc .( 201cbiolucent 201d ) pursuant to a definitive agreement dated june 20 , 2007 .the results of operations for biolucent have been included in the company 2019s consolidated financial statements from the date of acquisition as part of its mammography/breast care business segment .the company has concluded that the acquisition of biolucent does not represent a material business combination and therefore no pro forma financial information has been provided herein .biolucent , previously located in aliso viejo , california , develops , markets and sells mammopad breast cushions to decrease the discomfort associated with mammography .prior to the acquisition , biolucent 2019s primary research and development efforts were directed at its brachytherapy business which was focused on breast cancer therapy .prior to the acquisition , biolucent spun-off its brachytherapy technology and business to the holders of biolucent 2019s outstanding shares of capital stock .as a result , the company only acquired biolucent 2019s mammopad cushion business and related assets .the company invested $ 1000 directly in the spun-off brachytherapy business in exchange for shares of preferred stock issued by the new business .the aggregate purchase price for biolucent was approximately $ 73200 , consisting of approximately $ 6800 in cash and 2314 shares of hologic common stock valued at approximately $ 63200 , debt assumed and paid off of approximately $ 1600 and approximately $ 1600 for acquisition related fees and expenses .the company determined the fair value of the shares issued in connection with the acquisition in accordance with eitf issue no .99-12 , determination of the measurement date for the market price of acquirer securities issued in a purchase business combination .the acquisition also provides for up to two annual earn-out payments not to exceed $ 15000 in the aggregate based on biolucent 2019s achievement of certain revenue targets .the company has considered the provision of eitf issue no .95-8 , accounting for contingent consideration paid to the shareholders of an acquired enterprise in a purchase business combination , and concluded that this contingent consideration will represent additional purchase price .as a result , goodwill will be increased by the amount of the additional consideration , if any , when it becomes due and payable .as of september 27 , 2008 , the company has not recorded any amounts for these potential earn-outs .the allocation of the purchase price is based upon estimates of the fair value of assets acquired and liabilities assumed as of september 18 , 2007 .the components and allocation of the purchase price consists of the following approximate amounts: . net tangible assets acquired as of september 18 2007 | $ 2800
developed technology and know how | 12300
customer relationship | 17000
trade name | 2800
deferred income tax liabilities net | -9500 ( 9500 )
goodwill | 47800
final purchase price | $ 73200 as part of the purchase price allocation , all intangible assets that were a part of the acquisition were identified and valued .it was determined that only customer relationship , trade name and developed technology and know-how had separately identifiable values .the fair value of these intangible assets was determined through the application of the income approach .customer relationship represents a large customer base that is expected to purchase the disposable mammopad product on a regular basis .trade name represents the .
Question: what portion of the final purchase price of biolucent is for goodwill?
Steps: Ask for number 47800
Answer: 0.65301
Question: what is the estimated price of hologic common stock used in the biolucent acquisition?
| convfinqa1995 |
visa inc .notes to consolidated financial statements 2014 ( continued ) september 30 , 2013 market condition is based on the company 2019s total shareholder return ranked against that of other companies that are included in the standard & poor 2019s 500 index .the fair value of the performance- based shares , incorporating the market condition , is estimated on the grant date using a monte carlo simulation model .the grant-date fair value of performance-based shares in fiscal 2013 , 2012 and 2011 was $ 164.14 , $ 97.84 and $ 85.05 per share , respectively .earned performance shares granted in fiscal 2013 and 2012 vest approximately three years from the initial grant date .earned performance shares granted in fiscal 2011 vest in two equal installments approximately two and three years from their respective grant dates .all performance awards are subject to earlier vesting in full under certain conditions .compensation cost for performance-based shares is initially estimated based on target performance .it is recorded net of estimated forfeitures and adjusted as appropriate throughout the performance period .at september 30 , 2013 , there was $ 15 million of total unrecognized compensation cost related to unvested performance-based shares , which is expected to be recognized over a weighted-average period of approximately 1.0 years .note 17 2014commitments and contingencies commitments .the company leases certain premises and equipment throughout the world with varying expiration dates .the company incurred total rent expense of $ 94 million , $ 89 million and $ 76 million in fiscal 2013 , 2012 and 2011 , respectively .future minimum payments on leases , and marketing and sponsorship agreements per fiscal year , at september 30 , 2013 , are as follows: . ( in millions ) | 2014 | 2015 | 2016 | 2017 | 2018 | thereafter | total
operating leases | $ 100 | $ 77 | $ 43 | $ 35 | $ 20 | $ 82 | $ 357
marketing and sponsorships | 116 | 117 | 61 | 54 | 54 | 178 | 580
total | $ 216 | $ 194 | $ 104 | $ 89 | $ 74 | $ 260 | $ 937 select sponsorship agreements require the company to spend certain minimum amounts for advertising and marketing promotion over the life of the contract .for commitments where the individual years of spend are not specified in the contract , the company has estimated the timing of when these amounts will be spent .in addition to the fixed payments stated above , select sponsorship agreements require the company to undertake marketing , promotional or other activities up to stated monetary values to support events which the company is sponsoring .the stated monetary value of these activities typically represents the value in the marketplace , which may be significantly in excess of the actual costs incurred by the company .client incentives .the company has agreements with financial institution clients and other business partners for various programs designed to build payments volume , increase visa-branded card and product acceptance and win merchant routing transactions .these agreements , with original terms ranging from one to thirteen years , can provide card issuance and/or conversion support , volume/growth targets and marketing and program support based on specific performance requirements .these agreements are designed to encourage client business and to increase overall visa-branded payment and transaction volume , thereby reducing per-unit transaction processing costs and increasing brand awareness for all visa clients .payments made that qualify for capitalization , and obligations incurred under these programs are reflected on the consolidated balance sheet .client incentives are recognized primarily as a reduction .
Question: what will be the change in rent expense from 2013 to 2014?
| 6.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
visa inc .notes to consolidated financial statements 2014 ( continued ) september 30 , 2013 market condition is based on the company 2019s total shareholder return ranked against that of other companies that are included in the standard & poor 2019s 500 index .the fair value of the performance- based shares , incorporating the market condition , is estimated on the grant date using a monte carlo simulation model .the grant-date fair value of performance-based shares in fiscal 2013 , 2012 and 2011 was $ 164.14 , $ 97.84 and $ 85.05 per share , respectively .earned performance shares granted in fiscal 2013 and 2012 vest approximately three years from the initial grant date .earned performance shares granted in fiscal 2011 vest in two equal installments approximately two and three years from their respective grant dates .all performance awards are subject to earlier vesting in full under certain conditions .compensation cost for performance-based shares is initially estimated based on target performance .it is recorded net of estimated forfeitures and adjusted as appropriate throughout the performance period .at september 30 , 2013 , there was $ 15 million of total unrecognized compensation cost related to unvested performance-based shares , which is expected to be recognized over a weighted-average period of approximately 1.0 years .note 17 2014commitments and contingencies commitments .the company leases certain premises and equipment throughout the world with varying expiration dates .the company incurred total rent expense of $ 94 million , $ 89 million and $ 76 million in fiscal 2013 , 2012 and 2011 , respectively .future minimum payments on leases , and marketing and sponsorship agreements per fiscal year , at september 30 , 2013 , are as follows: . ( in millions ) | 2014 | 2015 | 2016 | 2017 | 2018 | thereafter | total
operating leases | $ 100 | $ 77 | $ 43 | $ 35 | $ 20 | $ 82 | $ 357
marketing and sponsorships | 116 | 117 | 61 | 54 | 54 | 178 | 580
total | $ 216 | $ 194 | $ 104 | $ 89 | $ 74 | $ 260 | $ 937 select sponsorship agreements require the company to spend certain minimum amounts for advertising and marketing promotion over the life of the contract .for commitments where the individual years of spend are not specified in the contract , the company has estimated the timing of when these amounts will be spent .in addition to the fixed payments stated above , select sponsorship agreements require the company to undertake marketing , promotional or other activities up to stated monetary values to support events which the company is sponsoring .the stated monetary value of these activities typically represents the value in the marketplace , which may be significantly in excess of the actual costs incurred by the company .client incentives .the company has agreements with financial institution clients and other business partners for various programs designed to build payments volume , increase visa-branded card and product acceptance and win merchant routing transactions .these agreements , with original terms ranging from one to thirteen years , can provide card issuance and/or conversion support , volume/growth targets and marketing and program support based on specific performance requirements .these agreements are designed to encourage client business and to increase overall visa-branded payment and transaction volume , thereby reducing per-unit transaction processing costs and increasing brand awareness for all visa clients .payments made that qualify for capitalization , and obligations incurred under these programs are reflected on the consolidated balance sheet .client incentives are recognized primarily as a reduction .
Question: what will be the change in rent expense from 2013 to 2014?
| convfinqa1996 |
visa inc .notes to consolidated financial statements 2014 ( continued ) september 30 , 2013 market condition is based on the company 2019s total shareholder return ranked against that of other companies that are included in the standard & poor 2019s 500 index .the fair value of the performance- based shares , incorporating the market condition , is estimated on the grant date using a monte carlo simulation model .the grant-date fair value of performance-based shares in fiscal 2013 , 2012 and 2011 was $ 164.14 , $ 97.84 and $ 85.05 per share , respectively .earned performance shares granted in fiscal 2013 and 2012 vest approximately three years from the initial grant date .earned performance shares granted in fiscal 2011 vest in two equal installments approximately two and three years from their respective grant dates .all performance awards are subject to earlier vesting in full under certain conditions .compensation cost for performance-based shares is initially estimated based on target performance .it is recorded net of estimated forfeitures and adjusted as appropriate throughout the performance period .at september 30 , 2013 , there was $ 15 million of total unrecognized compensation cost related to unvested performance-based shares , which is expected to be recognized over a weighted-average period of approximately 1.0 years .note 17 2014commitments and contingencies commitments .the company leases certain premises and equipment throughout the world with varying expiration dates .the company incurred total rent expense of $ 94 million , $ 89 million and $ 76 million in fiscal 2013 , 2012 and 2011 , respectively .future minimum payments on leases , and marketing and sponsorship agreements per fiscal year , at september 30 , 2013 , are as follows: . ( in millions ) | 2014 | 2015 | 2016 | 2017 | 2018 | thereafter | total
operating leases | $ 100 | $ 77 | $ 43 | $ 35 | $ 20 | $ 82 | $ 357
marketing and sponsorships | 116 | 117 | 61 | 54 | 54 | 178 | 580
total | $ 216 | $ 194 | $ 104 | $ 89 | $ 74 | $ 260 | $ 937 select sponsorship agreements require the company to spend certain minimum amounts for advertising and marketing promotion over the life of the contract .for commitments where the individual years of spend are not specified in the contract , the company has estimated the timing of when these amounts will be spent .in addition to the fixed payments stated above , select sponsorship agreements require the company to undertake marketing , promotional or other activities up to stated monetary values to support events which the company is sponsoring .the stated monetary value of these activities typically represents the value in the marketplace , which may be significantly in excess of the actual costs incurred by the company .client incentives .the company has agreements with financial institution clients and other business partners for various programs designed to build payments volume , increase visa-branded card and product acceptance and win merchant routing transactions .these agreements , with original terms ranging from one to thirteen years , can provide card issuance and/or conversion support , volume/growth targets and marketing and program support based on specific performance requirements .these agreements are designed to encourage client business and to increase overall visa-branded payment and transaction volume , thereby reducing per-unit transaction processing costs and increasing brand awareness for all visa clients .payments made that qualify for capitalization , and obligations incurred under these programs are reflected on the consolidated balance sheet .client incentives are recognized primarily as a reduction .
Question: what will be the change in rent expense from 2013 to 2014?
Steps: subtract(100, 94)
Answer: 6.0
Question: and what will be that rent expense in 2013?
| 94.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
visa inc .notes to consolidated financial statements 2014 ( continued ) september 30 , 2013 market condition is based on the company 2019s total shareholder return ranked against that of other companies that are included in the standard & poor 2019s 500 index .the fair value of the performance- based shares , incorporating the market condition , is estimated on the grant date using a monte carlo simulation model .the grant-date fair value of performance-based shares in fiscal 2013 , 2012 and 2011 was $ 164.14 , $ 97.84 and $ 85.05 per share , respectively .earned performance shares granted in fiscal 2013 and 2012 vest approximately three years from the initial grant date .earned performance shares granted in fiscal 2011 vest in two equal installments approximately two and three years from their respective grant dates .all performance awards are subject to earlier vesting in full under certain conditions .compensation cost for performance-based shares is initially estimated based on target performance .it is recorded net of estimated forfeitures and adjusted as appropriate throughout the performance period .at september 30 , 2013 , there was $ 15 million of total unrecognized compensation cost related to unvested performance-based shares , which is expected to be recognized over a weighted-average period of approximately 1.0 years .note 17 2014commitments and contingencies commitments .the company leases certain premises and equipment throughout the world with varying expiration dates .the company incurred total rent expense of $ 94 million , $ 89 million and $ 76 million in fiscal 2013 , 2012 and 2011 , respectively .future minimum payments on leases , and marketing and sponsorship agreements per fiscal year , at september 30 , 2013 , are as follows: . ( in millions ) | 2014 | 2015 | 2016 | 2017 | 2018 | thereafter | total
operating leases | $ 100 | $ 77 | $ 43 | $ 35 | $ 20 | $ 82 | $ 357
marketing and sponsorships | 116 | 117 | 61 | 54 | 54 | 178 | 580
total | $ 216 | $ 194 | $ 104 | $ 89 | $ 74 | $ 260 | $ 937 select sponsorship agreements require the company to spend certain minimum amounts for advertising and marketing promotion over the life of the contract .for commitments where the individual years of spend are not specified in the contract , the company has estimated the timing of when these amounts will be spent .in addition to the fixed payments stated above , select sponsorship agreements require the company to undertake marketing , promotional or other activities up to stated monetary values to support events which the company is sponsoring .the stated monetary value of these activities typically represents the value in the marketplace , which may be significantly in excess of the actual costs incurred by the company .client incentives .the company has agreements with financial institution clients and other business partners for various programs designed to build payments volume , increase visa-branded card and product acceptance and win merchant routing transactions .these agreements , with original terms ranging from one to thirteen years , can provide card issuance and/or conversion support , volume/growth targets and marketing and program support based on specific performance requirements .these agreements are designed to encourage client business and to increase overall visa-branded payment and transaction volume , thereby reducing per-unit transaction processing costs and increasing brand awareness for all visa clients .payments made that qualify for capitalization , and obligations incurred under these programs are reflected on the consolidated balance sheet .client incentives are recognized primarily as a reduction .
Question: what will be the change in rent expense from 2013 to 2014?
Steps: subtract(100, 94)
Answer: 6.0
Question: and what will be that rent expense in 2013?
| convfinqa1997 |
visa inc .notes to consolidated financial statements 2014 ( continued ) september 30 , 2013 market condition is based on the company 2019s total shareholder return ranked against that of other companies that are included in the standard & poor 2019s 500 index .the fair value of the performance- based shares , incorporating the market condition , is estimated on the grant date using a monte carlo simulation model .the grant-date fair value of performance-based shares in fiscal 2013 , 2012 and 2011 was $ 164.14 , $ 97.84 and $ 85.05 per share , respectively .earned performance shares granted in fiscal 2013 and 2012 vest approximately three years from the initial grant date .earned performance shares granted in fiscal 2011 vest in two equal installments approximately two and three years from their respective grant dates .all performance awards are subject to earlier vesting in full under certain conditions .compensation cost for performance-based shares is initially estimated based on target performance .it is recorded net of estimated forfeitures and adjusted as appropriate throughout the performance period .at september 30 , 2013 , there was $ 15 million of total unrecognized compensation cost related to unvested performance-based shares , which is expected to be recognized over a weighted-average period of approximately 1.0 years .note 17 2014commitments and contingencies commitments .the company leases certain premises and equipment throughout the world with varying expiration dates .the company incurred total rent expense of $ 94 million , $ 89 million and $ 76 million in fiscal 2013 , 2012 and 2011 , respectively .future minimum payments on leases , and marketing and sponsorship agreements per fiscal year , at september 30 , 2013 , are as follows: . ( in millions ) | 2014 | 2015 | 2016 | 2017 | 2018 | thereafter | total
operating leases | $ 100 | $ 77 | $ 43 | $ 35 | $ 20 | $ 82 | $ 357
marketing and sponsorships | 116 | 117 | 61 | 54 | 54 | 178 | 580
total | $ 216 | $ 194 | $ 104 | $ 89 | $ 74 | $ 260 | $ 937 select sponsorship agreements require the company to spend certain minimum amounts for advertising and marketing promotion over the life of the contract .for commitments where the individual years of spend are not specified in the contract , the company has estimated the timing of when these amounts will be spent .in addition to the fixed payments stated above , select sponsorship agreements require the company to undertake marketing , promotional or other activities up to stated monetary values to support events which the company is sponsoring .the stated monetary value of these activities typically represents the value in the marketplace , which may be significantly in excess of the actual costs incurred by the company .client incentives .the company has agreements with financial institution clients and other business partners for various programs designed to build payments volume , increase visa-branded card and product acceptance and win merchant routing transactions .these agreements , with original terms ranging from one to thirteen years , can provide card issuance and/or conversion support , volume/growth targets and marketing and program support based on specific performance requirements .these agreements are designed to encourage client business and to increase overall visa-branded payment and transaction volume , thereby reducing per-unit transaction processing costs and increasing brand awareness for all visa clients .payments made that qualify for capitalization , and obligations incurred under these programs are reflected on the consolidated balance sheet .client incentives are recognized primarily as a reduction .
Question: what will be the change in rent expense from 2013 to 2014?
Steps: subtract(100, 94)
Answer: 6.0
Question: and what will be that rent expense in 2013?
Steps: Ask for number 94
Answer: 94.0
Question: how much, then, will that change represent in relation to this 2013 rent expense, in percentage?
| 0.06383 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
visa inc .notes to consolidated financial statements 2014 ( continued ) september 30 , 2013 market condition is based on the company 2019s total shareholder return ranked against that of other companies that are included in the standard & poor 2019s 500 index .the fair value of the performance- based shares , incorporating the market condition , is estimated on the grant date using a monte carlo simulation model .the grant-date fair value of performance-based shares in fiscal 2013 , 2012 and 2011 was $ 164.14 , $ 97.84 and $ 85.05 per share , respectively .earned performance shares granted in fiscal 2013 and 2012 vest approximately three years from the initial grant date .earned performance shares granted in fiscal 2011 vest in two equal installments approximately two and three years from their respective grant dates .all performance awards are subject to earlier vesting in full under certain conditions .compensation cost for performance-based shares is initially estimated based on target performance .it is recorded net of estimated forfeitures and adjusted as appropriate throughout the performance period .at september 30 , 2013 , there was $ 15 million of total unrecognized compensation cost related to unvested performance-based shares , which is expected to be recognized over a weighted-average period of approximately 1.0 years .note 17 2014commitments and contingencies commitments .the company leases certain premises and equipment throughout the world with varying expiration dates .the company incurred total rent expense of $ 94 million , $ 89 million and $ 76 million in fiscal 2013 , 2012 and 2011 , respectively .future minimum payments on leases , and marketing and sponsorship agreements per fiscal year , at september 30 , 2013 , are as follows: . ( in millions ) | 2014 | 2015 | 2016 | 2017 | 2018 | thereafter | total
operating leases | $ 100 | $ 77 | $ 43 | $ 35 | $ 20 | $ 82 | $ 357
marketing and sponsorships | 116 | 117 | 61 | 54 | 54 | 178 | 580
total | $ 216 | $ 194 | $ 104 | $ 89 | $ 74 | $ 260 | $ 937 select sponsorship agreements require the company to spend certain minimum amounts for advertising and marketing promotion over the life of the contract .for commitments where the individual years of spend are not specified in the contract , the company has estimated the timing of when these amounts will be spent .in addition to the fixed payments stated above , select sponsorship agreements require the company to undertake marketing , promotional or other activities up to stated monetary values to support events which the company is sponsoring .the stated monetary value of these activities typically represents the value in the marketplace , which may be significantly in excess of the actual costs incurred by the company .client incentives .the company has agreements with financial institution clients and other business partners for various programs designed to build payments volume , increase visa-branded card and product acceptance and win merchant routing transactions .these agreements , with original terms ranging from one to thirteen years , can provide card issuance and/or conversion support , volume/growth targets and marketing and program support based on specific performance requirements .these agreements are designed to encourage client business and to increase overall visa-branded payment and transaction volume , thereby reducing per-unit transaction processing costs and increasing brand awareness for all visa clients .payments made that qualify for capitalization , and obligations incurred under these programs are reflected on the consolidated balance sheet .client incentives are recognized primarily as a reduction .
Question: what will be the change in rent expense from 2013 to 2014?
Steps: subtract(100, 94)
Answer: 6.0
Question: and what will be that rent expense in 2013?
Steps: Ask for number 94
Answer: 94.0
Question: how much, then, will that change represent in relation to this 2013 rent expense, in percentage?
| convfinqa1998 |
our international crude oil production is relatively sweet and is generally sold in relation to the brent crude benchmark .the differential between wti and brent average prices widened significantly in 2011 and remained in 2012 in comparison to almost no differential in 2010 .natural gas 2013 a significant portion of our natural gas production in the lower 48 states of the u.s .is sold at bid-week prices or first-of-month indices relative to our specific producing areas .average henry hub settlement prices for natural gas were lower in 2012 than in recent years .a decline in average settlement date henry hub natural gas prices began in september 2011 and continued into 2012 .although prices stabilized in late 2012 , they have not increased appreciably .our other major natural gas-producing regions are e.g .and europe .in the case of e.g .our natural gas sales are subject to term contracts , making realizations less volatile .because natural gas sales from e.g .are at fixed prices , our worldwide reported average natural gas realizations may not fully track market price movements .natural gas prices in europe have been significantly higher than in the u.s .oil sands mining the osm segment produces and sells various qualities of synthetic crude oil .output mix can be impacted by operational problems or planned unit outages at the mines or upgrader .sales prices for roughly two-thirds of the normal output mix will track movements in wti and one-third will track movements in the canadian heavy sour crude oil marker , primarily wcs .in 2012 , the wcs discount from wti had increased , putting downward pressure on our average realizations .the operating cost structure of the osm operations is predominantly fixed and therefore many of the costs incurred in times of full operation continue during production downtime .per-unit costs are sensitive to production rates .key variable costs are natural gas and diesel fuel , which track commodity markets such as the canadian alberta energy company ( "aeco" ) natural gas sales index and crude oil prices , respectively .the table below shows average benchmark prices that impact both our revenues and variable costs. . benchmark | 2012 | 2011 | 2010
wti crude oil ( dollars per bbl ) | $ 94.15 | $ 95.11 | $ 79.61
wcs ( dollars per bbl ) ( a ) | $ 73.18 | $ 77.97 | $ 65.31
aeco natural gas sales index ( dollars per mmbtu ) ( b ) | $ 2.39 | $ 3.68 | $ 3.89 wcs ( dollars per bbl ) ( a ) $ 73.18 $ 77.97 $ 65.31 aeco natural gas sales index ( dollars per mmbtu ) ( b ) $ 2.39 $ 3.68 $ 3.89 ( a ) monthly pricing based upon average wti adjusted for differentials unique to western canada .( b ) monthly average day ahead index .integrated gas our ig operations include production and marketing of products manufactured from natural gas , such as lng and methanol , in e.g .world lng trade in 2012 has been estimated to be 240 mmt .long-term , lng continues to be in demand as markets seek the benefits of clean burning natural gas .market prices for lng are not reported or posted .in general , lng delivered to the u.s .is tied to henry hub prices and will track with changes in u.s .natural gas prices , while lng sold in europe and asia is indexed to crude oil prices and will track the movement of those prices .we have a 60 percent ownership in an lng production facility in e.g. , which sells lng under a long-term contract at prices tied to henry hub natural gas prices .gross sales from the plant were 3.8 mmt , 4.1 mmt and 3.7 mmt in 2012 , 2011 and 2010 .we own a 45 percent interest in a methanol plant located in e.g .through our investment in ampco .gross sales of methanol from the plant totaled 1.1 mmt , 1.0 mmt and 0.9 mmt in 2012 , 2011 and 2010 .methanol demand has a direct impact on ampco 2019s earnings .because global demand for methanol is rather limited , changes in the supply-demand balance can have a significant impact on sales prices .world demand for methanol in 2012 has been estimated to be 49 mmt .our plant capacity of 1.1 mmt is about 2 percent of world demand. .
Question: what was the change in the average price per barrel of wcs from 2010 to 2012?
| 7.87 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
our international crude oil production is relatively sweet and is generally sold in relation to the brent crude benchmark .the differential between wti and brent average prices widened significantly in 2011 and remained in 2012 in comparison to almost no differential in 2010 .natural gas 2013 a significant portion of our natural gas production in the lower 48 states of the u.s .is sold at bid-week prices or first-of-month indices relative to our specific producing areas .average henry hub settlement prices for natural gas were lower in 2012 than in recent years .a decline in average settlement date henry hub natural gas prices began in september 2011 and continued into 2012 .although prices stabilized in late 2012 , they have not increased appreciably .our other major natural gas-producing regions are e.g .and europe .in the case of e.g .our natural gas sales are subject to term contracts , making realizations less volatile .because natural gas sales from e.g .are at fixed prices , our worldwide reported average natural gas realizations may not fully track market price movements .natural gas prices in europe have been significantly higher than in the u.s .oil sands mining the osm segment produces and sells various qualities of synthetic crude oil .output mix can be impacted by operational problems or planned unit outages at the mines or upgrader .sales prices for roughly two-thirds of the normal output mix will track movements in wti and one-third will track movements in the canadian heavy sour crude oil marker , primarily wcs .in 2012 , the wcs discount from wti had increased , putting downward pressure on our average realizations .the operating cost structure of the osm operations is predominantly fixed and therefore many of the costs incurred in times of full operation continue during production downtime .per-unit costs are sensitive to production rates .key variable costs are natural gas and diesel fuel , which track commodity markets such as the canadian alberta energy company ( "aeco" ) natural gas sales index and crude oil prices , respectively .the table below shows average benchmark prices that impact both our revenues and variable costs. . benchmark | 2012 | 2011 | 2010
wti crude oil ( dollars per bbl ) | $ 94.15 | $ 95.11 | $ 79.61
wcs ( dollars per bbl ) ( a ) | $ 73.18 | $ 77.97 | $ 65.31
aeco natural gas sales index ( dollars per mmbtu ) ( b ) | $ 2.39 | $ 3.68 | $ 3.89 wcs ( dollars per bbl ) ( a ) $ 73.18 $ 77.97 $ 65.31 aeco natural gas sales index ( dollars per mmbtu ) ( b ) $ 2.39 $ 3.68 $ 3.89 ( a ) monthly pricing based upon average wti adjusted for differentials unique to western canada .( b ) monthly average day ahead index .integrated gas our ig operations include production and marketing of products manufactured from natural gas , such as lng and methanol , in e.g .world lng trade in 2012 has been estimated to be 240 mmt .long-term , lng continues to be in demand as markets seek the benefits of clean burning natural gas .market prices for lng are not reported or posted .in general , lng delivered to the u.s .is tied to henry hub prices and will track with changes in u.s .natural gas prices , while lng sold in europe and asia is indexed to crude oil prices and will track the movement of those prices .we have a 60 percent ownership in an lng production facility in e.g. , which sells lng under a long-term contract at prices tied to henry hub natural gas prices .gross sales from the plant were 3.8 mmt , 4.1 mmt and 3.7 mmt in 2012 , 2011 and 2010 .we own a 45 percent interest in a methanol plant located in e.g .through our investment in ampco .gross sales of methanol from the plant totaled 1.1 mmt , 1.0 mmt and 0.9 mmt in 2012 , 2011 and 2010 .methanol demand has a direct impact on ampco 2019s earnings .because global demand for methanol is rather limited , changes in the supply-demand balance can have a significant impact on sales prices .world demand for methanol in 2012 has been estimated to be 49 mmt .our plant capacity of 1.1 mmt is about 2 percent of world demand. .
Question: what was the change in the average price per barrel of wcs from 2010 to 2012?
| convfinqa1999 |
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