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2011 compared to 2010 is&gs 2019 net sales for 2011 decreased $ 540 million , or 5% ( 5 % ) , compared to 2010 .the decrease primarily was attributable to lower volume of approximately $ 665 million due to the absence of the dris program that supported the 2010 u.s .census and a decline in activities on the jtrs program .this decrease partially was offset by increased net sales on numerous programs .is&gs 2019 operating profit for 2011 increased $ 60 million , or 7% ( 7 % ) , compared to 2010 .operating profit increased approximately $ 180 million due to volume and the retirement of risks in 2011 and the absence of reserves recognized in 2010 on numerous programs ( including among others , odin ( about $ 60 million ) and twic and automated flight service station programs ) .the increases in operating profit partially were offset by the absence of the dris program and a decline in activities on the jtrs program of about $ 120 million .adjustments not related to volume , including net profit rate adjustments described above , were approximately $ 130 million higher in 2011 compared to 2010 .backlog backlog decreased in 2012 compared to 2011 primarily due to the substantial completion of various programs in 2011 ( primarily odin , u.k .census , and jtrs ) .the decrease in backlog during 2011 compared to 2010 mainly was due to declining activities on the jtrs program and several other smaller programs .trends we expect is&gs 2019 net sales to decline in 2013 in the mid single digit percentage range as compared to 2012 primarily due to the continued downturn in federal information technology budgets .operating profit is expected to decline in 2013 in the mid single digit percentage range consistent with the expected decline in net sales , resulting in margins that are comparable with 2012 results .missiles and fire control our mfc business segment provides air and missile defense systems ; tactical missiles and air-to-ground precision strike weapon systems ; fire control systems ; mission operations support , readiness , engineering support , and integration services ; logistics and other technical services ; and manned and unmanned ground vehicles .mfc 2019s major programs include pac-3 , thaad , multiple launch rocket system ( mlrs ) , hellfire , javelin , joint air-to-surface standoff missile ( jassm ) , apache fire control system ( apache ) , sniper ae , low altitude navigation and targeting infrared for night ( lantirn ae ) , and sof clss .mfc 2019s operating results included the following ( in millions ) : . | 2012 | 2011 | 2010
net sales | $ 7457 | $ 7463 | $ 6930
operating profit | 1256 | 1069 | 973
operating margins | 16.8% ( 16.8 % ) | 14.3% ( 14.3 % ) | 14.0% ( 14.0 % )
backlog at year-end | 14700 | 14400 | 12800 2012 compared to 2011 mfc 2019s net sales for 2012 were comparable to 2011 .net sales decreased approximately $ 130 million due to lower volume and risk retirements on various services programs , and about $ 60 million due to lower volume from fire control systems programs ( primarily sniper ae ; lantirn ae ; and apache ) .the decreases largely were offset by higher net sales of approximately $ 95 million due to higher volume from tactical missile programs ( primarily javelin and hellfire ) and approximately $ 80 million for air and missile defense programs ( primarily pac-3 and thaad ) .mfc 2019s operating profit for 2012 increased $ 187 million , or 17% ( 17 % ) , compared to 2011 .the increase was attributable to higher risk retirements and volume of about $ 95 million from tactical missile programs ( primarily javelin and hellfire ) ; increased risk retirements and volume of approximately $ 60 million for air and missile defense programs ( primarily thaad and pac-3 ) ; and about $ 45 million from a resolution of contractual matters .partially offsetting these increases was lower risk retirements and volume on various programs , including $ 25 million for services programs .adjustments not related to volume , including net profit booking rate adjustments and other matters described above , were approximately $ 145 million higher for 2012 compared to 2011. .
Question: what were net sales in 2012?
Steps: Ask for number 7457
Answer: 7457.0
Question: what were net sales in 2011?
Steps: Ask for number 7463
Answer: 7463.0
Question: what was the net change in value?
Steps: subtract(7457, 7463)
Answer: -6.0
Question: what was the 2011 value?
Steps: Ask for number 7463
Answer: 7463.0
Question: what is the percent change?
| -0.0008 | 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.
2011 compared to 2010 is&gs 2019 net sales for 2011 decreased $ 540 million , or 5% ( 5 % ) , compared to 2010 .the decrease primarily was attributable to lower volume of approximately $ 665 million due to the absence of the dris program that supported the 2010 u.s .census and a decline in activities on the jtrs program .this decrease partially was offset by increased net sales on numerous programs .is&gs 2019 operating profit for 2011 increased $ 60 million , or 7% ( 7 % ) , compared to 2010 .operating profit increased approximately $ 180 million due to volume and the retirement of risks in 2011 and the absence of reserves recognized in 2010 on numerous programs ( including among others , odin ( about $ 60 million ) and twic and automated flight service station programs ) .the increases in operating profit partially were offset by the absence of the dris program and a decline in activities on the jtrs program of about $ 120 million .adjustments not related to volume , including net profit rate adjustments described above , were approximately $ 130 million higher in 2011 compared to 2010 .backlog backlog decreased in 2012 compared to 2011 primarily due to the substantial completion of various programs in 2011 ( primarily odin , u.k .census , and jtrs ) .the decrease in backlog during 2011 compared to 2010 mainly was due to declining activities on the jtrs program and several other smaller programs .trends we expect is&gs 2019 net sales to decline in 2013 in the mid single digit percentage range as compared to 2012 primarily due to the continued downturn in federal information technology budgets .operating profit is expected to decline in 2013 in the mid single digit percentage range consistent with the expected decline in net sales , resulting in margins that are comparable with 2012 results .missiles and fire control our mfc business segment provides air and missile defense systems ; tactical missiles and air-to-ground precision strike weapon systems ; fire control systems ; mission operations support , readiness , engineering support , and integration services ; logistics and other technical services ; and manned and unmanned ground vehicles .mfc 2019s major programs include pac-3 , thaad , multiple launch rocket system ( mlrs ) , hellfire , javelin , joint air-to-surface standoff missile ( jassm ) , apache fire control system ( apache ) , sniper ae , low altitude navigation and targeting infrared for night ( lantirn ae ) , and sof clss .mfc 2019s operating results included the following ( in millions ) : . | 2012 | 2011 | 2010
net sales | $ 7457 | $ 7463 | $ 6930
operating profit | 1256 | 1069 | 973
operating margins | 16.8% ( 16.8 % ) | 14.3% ( 14.3 % ) | 14.0% ( 14.0 % )
backlog at year-end | 14700 | 14400 | 12800 2012 compared to 2011 mfc 2019s net sales for 2012 were comparable to 2011 .net sales decreased approximately $ 130 million due to lower volume and risk retirements on various services programs , and about $ 60 million due to lower volume from fire control systems programs ( primarily sniper ae ; lantirn ae ; and apache ) .the decreases largely were offset by higher net sales of approximately $ 95 million due to higher volume from tactical missile programs ( primarily javelin and hellfire ) and approximately $ 80 million for air and missile defense programs ( primarily pac-3 and thaad ) .mfc 2019s operating profit for 2012 increased $ 187 million , or 17% ( 17 % ) , compared to 2011 .the increase was attributable to higher risk retirements and volume of about $ 95 million from tactical missile programs ( primarily javelin and hellfire ) ; increased risk retirements and volume of approximately $ 60 million for air and missile defense programs ( primarily thaad and pac-3 ) ; and about $ 45 million from a resolution of contractual matters .partially offsetting these increases was lower risk retirements and volume on various programs , including $ 25 million for services programs .adjustments not related to volume , including net profit booking rate adjustments and other matters described above , were approximately $ 145 million higher for 2012 compared to 2011. .
Question: what were net sales in 2012?
Steps: Ask for number 7457
Answer: 7457.0
Question: what were net sales in 2011?
Steps: Ask for number 7463
Answer: 7463.0
Question: what was the net change in value?
Steps: subtract(7457, 7463)
Answer: -6.0
Question: what was the 2011 value?
Steps: Ask for number 7463
Answer: 7463.0
Question: what is the percent change?
| convfinqa2100 |
performance graph the graph below compares the cumulative total shareholder return on pmi's common stock with the cumulative total return for the same period of pmi's compensation survey group and the s&p 500 index .the graph assumes the investment of $ 100 as of december 31 , 2010 , in pmi common stock ( at prices quoted on the new york stock exchange ) and each of the indices as of the market close and reinvestment of dividends on a quarterly basis .date pmi pmi compensation survey group ( 12 ) s&p 500 index . date | pmi | pmi compensation survey group ( 12 ) | s&p 500 index
december 31 2010 | $ 100.00 | $ 100.00 | $ 100.00
december 31 2011 | $ 139.80 | $ 114.10 | $ 102.10
december 31 2012 | $ 154.60 | $ 128.00 | $ 118.50
december 31 2013 | $ 167.70 | $ 163.60 | $ 156.80
december 31 2014 | $ 164.20 | $ 170.10 | $ 178.30
december 31 2015 | $ 186.20 | $ 179.20 | $ 180.80 ( 1 ) the pmi compensation survey group consists of the following companies with substantial global sales that are direct competitors ; or have similar market capitalization ; or are primarily focused on consumer products ( excluding high technology and financial services ) ; and are companies for which comparative executive compensation data are readily available : bayer ag , british american tobacco p.l.c. , the coca-cola company , diageo plc , glaxosmithkline , heineken n.v. , imperial brands plc ( formerly , imperial tobacco group plc ) , johnson & johnson , mcdonald's corp. , international , inc. , nestl e9 s.a. , novartis ag , pepsico , inc. , pfizer inc. , roche holding ag , unilever nv and plc and vodafone group plc .( 2 ) on october 1 , 2012 , international , inc .( nasdaq : mdlz ) , formerly kraft foods inc. , announced that it had completed the spin-off of its north american grocery business , kraft foods group , inc .( nasdaq : krft ) .international , inc .was retained in the pmi compensation survey group index because of its global footprint .the pmi compensation survey group index total cumulative return calculation weights international , inc.'s total shareholder return at 65% ( 65 % ) of historical kraft foods inc.'s market capitalization on december 31 , 2010 , based on international , inc.'s initial market capitalization relative to the combined market capitalization of international , inc .and kraft foods group , inc .on october 2 , 2012 .note : figures are rounded to the nearest $ 0.10. .
Question: what was the value of pmi at end of 2015?
| 186.2 | 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.
performance graph the graph below compares the cumulative total shareholder return on pmi's common stock with the cumulative total return for the same period of pmi's compensation survey group and the s&p 500 index .the graph assumes the investment of $ 100 as of december 31 , 2010 , in pmi common stock ( at prices quoted on the new york stock exchange ) and each of the indices as of the market close and reinvestment of dividends on a quarterly basis .date pmi pmi compensation survey group ( 12 ) s&p 500 index . date | pmi | pmi compensation survey group ( 12 ) | s&p 500 index
december 31 2010 | $ 100.00 | $ 100.00 | $ 100.00
december 31 2011 | $ 139.80 | $ 114.10 | $ 102.10
december 31 2012 | $ 154.60 | $ 128.00 | $ 118.50
december 31 2013 | $ 167.70 | $ 163.60 | $ 156.80
december 31 2014 | $ 164.20 | $ 170.10 | $ 178.30
december 31 2015 | $ 186.20 | $ 179.20 | $ 180.80 ( 1 ) the pmi compensation survey group consists of the following companies with substantial global sales that are direct competitors ; or have similar market capitalization ; or are primarily focused on consumer products ( excluding high technology and financial services ) ; and are companies for which comparative executive compensation data are readily available : bayer ag , british american tobacco p.l.c. , the coca-cola company , diageo plc , glaxosmithkline , heineken n.v. , imperial brands plc ( formerly , imperial tobacco group plc ) , johnson & johnson , mcdonald's corp. , international , inc. , nestl e9 s.a. , novartis ag , pepsico , inc. , pfizer inc. , roche holding ag , unilever nv and plc and vodafone group plc .( 2 ) on october 1 , 2012 , international , inc .( nasdaq : mdlz ) , formerly kraft foods inc. , announced that it had completed the spin-off of its north american grocery business , kraft foods group , inc .( nasdaq : krft ) .international , inc .was retained in the pmi compensation survey group index because of its global footprint .the pmi compensation survey group index total cumulative return calculation weights international , inc.'s total shareholder return at 65% ( 65 % ) of historical kraft foods inc.'s market capitalization on december 31 , 2010 , based on international , inc.'s initial market capitalization relative to the combined market capitalization of international , inc .and kraft foods group , inc .on october 2 , 2012 .note : figures are rounded to the nearest $ 0.10. .
Question: what was the value of pmi at end of 2015?
| convfinqa2101 |
performance graph the graph below compares the cumulative total shareholder return on pmi's common stock with the cumulative total return for the same period of pmi's compensation survey group and the s&p 500 index .the graph assumes the investment of $ 100 as of december 31 , 2010 , in pmi common stock ( at prices quoted on the new york stock exchange ) and each of the indices as of the market close and reinvestment of dividends on a quarterly basis .date pmi pmi compensation survey group ( 12 ) s&p 500 index . date | pmi | pmi compensation survey group ( 12 ) | s&p 500 index
december 31 2010 | $ 100.00 | $ 100.00 | $ 100.00
december 31 2011 | $ 139.80 | $ 114.10 | $ 102.10
december 31 2012 | $ 154.60 | $ 128.00 | $ 118.50
december 31 2013 | $ 167.70 | $ 163.60 | $ 156.80
december 31 2014 | $ 164.20 | $ 170.10 | $ 178.30
december 31 2015 | $ 186.20 | $ 179.20 | $ 180.80 ( 1 ) the pmi compensation survey group consists of the following companies with substantial global sales that are direct competitors ; or have similar market capitalization ; or are primarily focused on consumer products ( excluding high technology and financial services ) ; and are companies for which comparative executive compensation data are readily available : bayer ag , british american tobacco p.l.c. , the coca-cola company , diageo plc , glaxosmithkline , heineken n.v. , imperial brands plc ( formerly , imperial tobacco group plc ) , johnson & johnson , mcdonald's corp. , international , inc. , nestl e9 s.a. , novartis ag , pepsico , inc. , pfizer inc. , roche holding ag , unilever nv and plc and vodafone group plc .( 2 ) on october 1 , 2012 , international , inc .( nasdaq : mdlz ) , formerly kraft foods inc. , announced that it had completed the spin-off of its north american grocery business , kraft foods group , inc .( nasdaq : krft ) .international , inc .was retained in the pmi compensation survey group index because of its global footprint .the pmi compensation survey group index total cumulative return calculation weights international , inc.'s total shareholder return at 65% ( 65 % ) of historical kraft foods inc.'s market capitalization on december 31 , 2010 , based on international , inc.'s initial market capitalization relative to the combined market capitalization of international , inc .and kraft foods group , inc .on october 2 , 2012 .note : figures are rounded to the nearest $ 0.10. .
Question: what was the value of pmi at end of 2015?
Steps: Ask for number 186.20
Answer: 186.2
Question: what is that less the initial $100 assumption?
| 86.2 | 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.
performance graph the graph below compares the cumulative total shareholder return on pmi's common stock with the cumulative total return for the same period of pmi's compensation survey group and the s&p 500 index .the graph assumes the investment of $ 100 as of december 31 , 2010 , in pmi common stock ( at prices quoted on the new york stock exchange ) and each of the indices as of the market close and reinvestment of dividends on a quarterly basis .date pmi pmi compensation survey group ( 12 ) s&p 500 index . date | pmi | pmi compensation survey group ( 12 ) | s&p 500 index
december 31 2010 | $ 100.00 | $ 100.00 | $ 100.00
december 31 2011 | $ 139.80 | $ 114.10 | $ 102.10
december 31 2012 | $ 154.60 | $ 128.00 | $ 118.50
december 31 2013 | $ 167.70 | $ 163.60 | $ 156.80
december 31 2014 | $ 164.20 | $ 170.10 | $ 178.30
december 31 2015 | $ 186.20 | $ 179.20 | $ 180.80 ( 1 ) the pmi compensation survey group consists of the following companies with substantial global sales that are direct competitors ; or have similar market capitalization ; or are primarily focused on consumer products ( excluding high technology and financial services ) ; and are companies for which comparative executive compensation data are readily available : bayer ag , british american tobacco p.l.c. , the coca-cola company , diageo plc , glaxosmithkline , heineken n.v. , imperial brands plc ( formerly , imperial tobacco group plc ) , johnson & johnson , mcdonald's corp. , international , inc. , nestl e9 s.a. , novartis ag , pepsico , inc. , pfizer inc. , roche holding ag , unilever nv and plc and vodafone group plc .( 2 ) on october 1 , 2012 , international , inc .( nasdaq : mdlz ) , formerly kraft foods inc. , announced that it had completed the spin-off of its north american grocery business , kraft foods group , inc .( nasdaq : krft ) .international , inc .was retained in the pmi compensation survey group index because of its global footprint .the pmi compensation survey group index total cumulative return calculation weights international , inc.'s total shareholder return at 65% ( 65 % ) of historical kraft foods inc.'s market capitalization on december 31 , 2010 , based on international , inc.'s initial market capitalization relative to the combined market capitalization of international , inc .and kraft foods group , inc .on october 2 , 2012 .note : figures are rounded to the nearest $ 0.10. .
Question: what was the value of pmi at end of 2015?
Steps: Ask for number 186.20
Answer: 186.2
Question: what is that less the initial $100 assumption?
| convfinqa2102 |
performance graph the graph below compares the cumulative total shareholder return on pmi's common stock with the cumulative total return for the same period of pmi's compensation survey group and the s&p 500 index .the graph assumes the investment of $ 100 as of december 31 , 2010 , in pmi common stock ( at prices quoted on the new york stock exchange ) and each of the indices as of the market close and reinvestment of dividends on a quarterly basis .date pmi pmi compensation survey group ( 12 ) s&p 500 index . date | pmi | pmi compensation survey group ( 12 ) | s&p 500 index
december 31 2010 | $ 100.00 | $ 100.00 | $ 100.00
december 31 2011 | $ 139.80 | $ 114.10 | $ 102.10
december 31 2012 | $ 154.60 | $ 128.00 | $ 118.50
december 31 2013 | $ 167.70 | $ 163.60 | $ 156.80
december 31 2014 | $ 164.20 | $ 170.10 | $ 178.30
december 31 2015 | $ 186.20 | $ 179.20 | $ 180.80 ( 1 ) the pmi compensation survey group consists of the following companies with substantial global sales that are direct competitors ; or have similar market capitalization ; or are primarily focused on consumer products ( excluding high technology and financial services ) ; and are companies for which comparative executive compensation data are readily available : bayer ag , british american tobacco p.l.c. , the coca-cola company , diageo plc , glaxosmithkline , heineken n.v. , imperial brands plc ( formerly , imperial tobacco group plc ) , johnson & johnson , mcdonald's corp. , international , inc. , nestl e9 s.a. , novartis ag , pepsico , inc. , pfizer inc. , roche holding ag , unilever nv and plc and vodafone group plc .( 2 ) on october 1 , 2012 , international , inc .( nasdaq : mdlz ) , formerly kraft foods inc. , announced that it had completed the spin-off of its north american grocery business , kraft foods group , inc .( nasdaq : krft ) .international , inc .was retained in the pmi compensation survey group index because of its global footprint .the pmi compensation survey group index total cumulative return calculation weights international , inc.'s total shareholder return at 65% ( 65 % ) of historical kraft foods inc.'s market capitalization on december 31 , 2010 , based on international , inc.'s initial market capitalization relative to the combined market capitalization of international , inc .and kraft foods group , inc .on october 2 , 2012 .note : figures are rounded to the nearest $ 0.10. .
Question: what was the value of pmi at end of 2015?
Steps: Ask for number 186.20
Answer: 186.2
Question: what is that less the initial $100 assumption?
Steps: subtract(186.20, const_100)
Answer: 86.2
Question: what is the percent change?
| 0.862 | 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.
performance graph the graph below compares the cumulative total shareholder return on pmi's common stock with the cumulative total return for the same period of pmi's compensation survey group and the s&p 500 index .the graph assumes the investment of $ 100 as of december 31 , 2010 , in pmi common stock ( at prices quoted on the new york stock exchange ) and each of the indices as of the market close and reinvestment of dividends on a quarterly basis .date pmi pmi compensation survey group ( 12 ) s&p 500 index . date | pmi | pmi compensation survey group ( 12 ) | s&p 500 index
december 31 2010 | $ 100.00 | $ 100.00 | $ 100.00
december 31 2011 | $ 139.80 | $ 114.10 | $ 102.10
december 31 2012 | $ 154.60 | $ 128.00 | $ 118.50
december 31 2013 | $ 167.70 | $ 163.60 | $ 156.80
december 31 2014 | $ 164.20 | $ 170.10 | $ 178.30
december 31 2015 | $ 186.20 | $ 179.20 | $ 180.80 ( 1 ) the pmi compensation survey group consists of the following companies with substantial global sales that are direct competitors ; or have similar market capitalization ; or are primarily focused on consumer products ( excluding high technology and financial services ) ; and are companies for which comparative executive compensation data are readily available : bayer ag , british american tobacco p.l.c. , the coca-cola company , diageo plc , glaxosmithkline , heineken n.v. , imperial brands plc ( formerly , imperial tobacco group plc ) , johnson & johnson , mcdonald's corp. , international , inc. , nestl e9 s.a. , novartis ag , pepsico , inc. , pfizer inc. , roche holding ag , unilever nv and plc and vodafone group plc .( 2 ) on october 1 , 2012 , international , inc .( nasdaq : mdlz ) , formerly kraft foods inc. , announced that it had completed the spin-off of its north american grocery business , kraft foods group , inc .( nasdaq : krft ) .international , inc .was retained in the pmi compensation survey group index because of its global footprint .the pmi compensation survey group index total cumulative return calculation weights international , inc.'s total shareholder return at 65% ( 65 % ) of historical kraft foods inc.'s market capitalization on december 31 , 2010 , based on international , inc.'s initial market capitalization relative to the combined market capitalization of international , inc .and kraft foods group , inc .on october 2 , 2012 .note : figures are rounded to the nearest $ 0.10. .
Question: what was the value of pmi at end of 2015?
Steps: Ask for number 186.20
Answer: 186.2
Question: what is that less the initial $100 assumption?
Steps: subtract(186.20, const_100)
Answer: 86.2
Question: what is the percent change?
| convfinqa2103 |
performance graph the graph below compares the cumulative total shareholder return on pmi's common stock with the cumulative total return for the same period of pmi's compensation survey group and the s&p 500 index .the graph assumes the investment of $ 100 as of december 31 , 2010 , in pmi common stock ( at prices quoted on the new york stock exchange ) and each of the indices as of the market close and reinvestment of dividends on a quarterly basis .date pmi pmi compensation survey group ( 12 ) s&p 500 index . date | pmi | pmi compensation survey group ( 12 ) | s&p 500 index
december 31 2010 | $ 100.00 | $ 100.00 | $ 100.00
december 31 2011 | $ 139.80 | $ 114.10 | $ 102.10
december 31 2012 | $ 154.60 | $ 128.00 | $ 118.50
december 31 2013 | $ 167.70 | $ 163.60 | $ 156.80
december 31 2014 | $ 164.20 | $ 170.10 | $ 178.30
december 31 2015 | $ 186.20 | $ 179.20 | $ 180.80 ( 1 ) the pmi compensation survey group consists of the following companies with substantial global sales that are direct competitors ; or have similar market capitalization ; or are primarily focused on consumer products ( excluding high technology and financial services ) ; and are companies for which comparative executive compensation data are readily available : bayer ag , british american tobacco p.l.c. , the coca-cola company , diageo plc , glaxosmithkline , heineken n.v. , imperial brands plc ( formerly , imperial tobacco group plc ) , johnson & johnson , mcdonald's corp. , international , inc. , nestl e9 s.a. , novartis ag , pepsico , inc. , pfizer inc. , roche holding ag , unilever nv and plc and vodafone group plc .( 2 ) on october 1 , 2012 , international , inc .( nasdaq : mdlz ) , formerly kraft foods inc. , announced that it had completed the spin-off of its north american grocery business , kraft foods group , inc .( nasdaq : krft ) .international , inc .was retained in the pmi compensation survey group index because of its global footprint .the pmi compensation survey group index total cumulative return calculation weights international , inc.'s total shareholder return at 65% ( 65 % ) of historical kraft foods inc.'s market capitalization on december 31 , 2010 , based on international , inc.'s initial market capitalization relative to the combined market capitalization of international , inc .and kraft foods group , inc .on october 2 , 2012 .note : figures are rounded to the nearest $ 0.10. .
Question: what was the value of pmi at end of 2015?
Steps: Ask for number 186.20
Answer: 186.2
Question: what is that less the initial $100 assumption?
Steps: subtract(186.20, const_100)
Answer: 86.2
Question: what is the percent change?
Steps: divide(A0, const_100)
Answer: 0.862
Question: what is the value of the s&p index at the end of 2015 less the initial $100 investment?
| 80.8 | 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.
performance graph the graph below compares the cumulative total shareholder return on pmi's common stock with the cumulative total return for the same period of pmi's compensation survey group and the s&p 500 index .the graph assumes the investment of $ 100 as of december 31 , 2010 , in pmi common stock ( at prices quoted on the new york stock exchange ) and each of the indices as of the market close and reinvestment of dividends on a quarterly basis .date pmi pmi compensation survey group ( 12 ) s&p 500 index . date | pmi | pmi compensation survey group ( 12 ) | s&p 500 index
december 31 2010 | $ 100.00 | $ 100.00 | $ 100.00
december 31 2011 | $ 139.80 | $ 114.10 | $ 102.10
december 31 2012 | $ 154.60 | $ 128.00 | $ 118.50
december 31 2013 | $ 167.70 | $ 163.60 | $ 156.80
december 31 2014 | $ 164.20 | $ 170.10 | $ 178.30
december 31 2015 | $ 186.20 | $ 179.20 | $ 180.80 ( 1 ) the pmi compensation survey group consists of the following companies with substantial global sales that are direct competitors ; or have similar market capitalization ; or are primarily focused on consumer products ( excluding high technology and financial services ) ; and are companies for which comparative executive compensation data are readily available : bayer ag , british american tobacco p.l.c. , the coca-cola company , diageo plc , glaxosmithkline , heineken n.v. , imperial brands plc ( formerly , imperial tobacco group plc ) , johnson & johnson , mcdonald's corp. , international , inc. , nestl e9 s.a. , novartis ag , pepsico , inc. , pfizer inc. , roche holding ag , unilever nv and plc and vodafone group plc .( 2 ) on october 1 , 2012 , international , inc .( nasdaq : mdlz ) , formerly kraft foods inc. , announced that it had completed the spin-off of its north american grocery business , kraft foods group , inc .( nasdaq : krft ) .international , inc .was retained in the pmi compensation survey group index because of its global footprint .the pmi compensation survey group index total cumulative return calculation weights international , inc.'s total shareholder return at 65% ( 65 % ) of historical kraft foods inc.'s market capitalization on december 31 , 2010 , based on international , inc.'s initial market capitalization relative to the combined market capitalization of international , inc .and kraft foods group , inc .on october 2 , 2012 .note : figures are rounded to the nearest $ 0.10. .
Question: what was the value of pmi at end of 2015?
Steps: Ask for number 186.20
Answer: 186.2
Question: what is that less the initial $100 assumption?
Steps: subtract(186.20, const_100)
Answer: 86.2
Question: what is the percent change?
Steps: divide(A0, const_100)
Answer: 0.862
Question: what is the value of the s&p index at the end of 2015 less the initial $100 investment?
| convfinqa2104 |
performance graph the graph below compares the cumulative total shareholder return on pmi's common stock with the cumulative total return for the same period of pmi's compensation survey group and the s&p 500 index .the graph assumes the investment of $ 100 as of december 31 , 2010 , in pmi common stock ( at prices quoted on the new york stock exchange ) and each of the indices as of the market close and reinvestment of dividends on a quarterly basis .date pmi pmi compensation survey group ( 12 ) s&p 500 index . date | pmi | pmi compensation survey group ( 12 ) | s&p 500 index
december 31 2010 | $ 100.00 | $ 100.00 | $ 100.00
december 31 2011 | $ 139.80 | $ 114.10 | $ 102.10
december 31 2012 | $ 154.60 | $ 128.00 | $ 118.50
december 31 2013 | $ 167.70 | $ 163.60 | $ 156.80
december 31 2014 | $ 164.20 | $ 170.10 | $ 178.30
december 31 2015 | $ 186.20 | $ 179.20 | $ 180.80 ( 1 ) the pmi compensation survey group consists of the following companies with substantial global sales that are direct competitors ; or have similar market capitalization ; or are primarily focused on consumer products ( excluding high technology and financial services ) ; and are companies for which comparative executive compensation data are readily available : bayer ag , british american tobacco p.l.c. , the coca-cola company , diageo plc , glaxosmithkline , heineken n.v. , imperial brands plc ( formerly , imperial tobacco group plc ) , johnson & johnson , mcdonald's corp. , international , inc. , nestl e9 s.a. , novartis ag , pepsico , inc. , pfizer inc. , roche holding ag , unilever nv and plc and vodafone group plc .( 2 ) on october 1 , 2012 , international , inc .( nasdaq : mdlz ) , formerly kraft foods inc. , announced that it had completed the spin-off of its north american grocery business , kraft foods group , inc .( nasdaq : krft ) .international , inc .was retained in the pmi compensation survey group index because of its global footprint .the pmi compensation survey group index total cumulative return calculation weights international , inc.'s total shareholder return at 65% ( 65 % ) of historical kraft foods inc.'s market capitalization on december 31 , 2010 , based on international , inc.'s initial market capitalization relative to the combined market capitalization of international , inc .and kraft foods group , inc .on october 2 , 2012 .note : figures are rounded to the nearest $ 0.10. .
Question: what was the value of pmi at end of 2015?
Steps: Ask for number 186.20
Answer: 186.2
Question: what is that less the initial $100 assumption?
Steps: subtract(186.20, const_100)
Answer: 86.2
Question: what is the percent change?
Steps: divide(A0, const_100)
Answer: 0.862
Question: what is the value of the s&p index at the end of 2015 less the initial $100 investment?
Steps: subtract(180.80, const_100)
Answer: 80.8
Question: what is the percent change?
| 0.808 | 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.
performance graph the graph below compares the cumulative total shareholder return on pmi's common stock with the cumulative total return for the same period of pmi's compensation survey group and the s&p 500 index .the graph assumes the investment of $ 100 as of december 31 , 2010 , in pmi common stock ( at prices quoted on the new york stock exchange ) and each of the indices as of the market close and reinvestment of dividends on a quarterly basis .date pmi pmi compensation survey group ( 12 ) s&p 500 index . date | pmi | pmi compensation survey group ( 12 ) | s&p 500 index
december 31 2010 | $ 100.00 | $ 100.00 | $ 100.00
december 31 2011 | $ 139.80 | $ 114.10 | $ 102.10
december 31 2012 | $ 154.60 | $ 128.00 | $ 118.50
december 31 2013 | $ 167.70 | $ 163.60 | $ 156.80
december 31 2014 | $ 164.20 | $ 170.10 | $ 178.30
december 31 2015 | $ 186.20 | $ 179.20 | $ 180.80 ( 1 ) the pmi compensation survey group consists of the following companies with substantial global sales that are direct competitors ; or have similar market capitalization ; or are primarily focused on consumer products ( excluding high technology and financial services ) ; and are companies for which comparative executive compensation data are readily available : bayer ag , british american tobacco p.l.c. , the coca-cola company , diageo plc , glaxosmithkline , heineken n.v. , imperial brands plc ( formerly , imperial tobacco group plc ) , johnson & johnson , mcdonald's corp. , international , inc. , nestl e9 s.a. , novartis ag , pepsico , inc. , pfizer inc. , roche holding ag , unilever nv and plc and vodafone group plc .( 2 ) on october 1 , 2012 , international , inc .( nasdaq : mdlz ) , formerly kraft foods inc. , announced that it had completed the spin-off of its north american grocery business , kraft foods group , inc .( nasdaq : krft ) .international , inc .was retained in the pmi compensation survey group index because of its global footprint .the pmi compensation survey group index total cumulative return calculation weights international , inc.'s total shareholder return at 65% ( 65 % ) of historical kraft foods inc.'s market capitalization on december 31 , 2010 , based on international , inc.'s initial market capitalization relative to the combined market capitalization of international , inc .and kraft foods group , inc .on october 2 , 2012 .note : figures are rounded to the nearest $ 0.10. .
Question: what was the value of pmi at end of 2015?
Steps: Ask for number 186.20
Answer: 186.2
Question: what is that less the initial $100 assumption?
Steps: subtract(186.20, const_100)
Answer: 86.2
Question: what is the percent change?
Steps: divide(A0, const_100)
Answer: 0.862
Question: what is the value of the s&p index at the end of 2015 less the initial $100 investment?
Steps: subtract(180.80, const_100)
Answer: 80.8
Question: what is the percent change?
| convfinqa2105 |
performance graph the graph below compares the cumulative total shareholder return on pmi's common stock with the cumulative total return for the same period of pmi's compensation survey group and the s&p 500 index .the graph assumes the investment of $ 100 as of december 31 , 2010 , in pmi common stock ( at prices quoted on the new york stock exchange ) and each of the indices as of the market close and reinvestment of dividends on a quarterly basis .date pmi pmi compensation survey group ( 12 ) s&p 500 index . date | pmi | pmi compensation survey group ( 12 ) | s&p 500 index
december 31 2010 | $ 100.00 | $ 100.00 | $ 100.00
december 31 2011 | $ 139.80 | $ 114.10 | $ 102.10
december 31 2012 | $ 154.60 | $ 128.00 | $ 118.50
december 31 2013 | $ 167.70 | $ 163.60 | $ 156.80
december 31 2014 | $ 164.20 | $ 170.10 | $ 178.30
december 31 2015 | $ 186.20 | $ 179.20 | $ 180.80 ( 1 ) the pmi compensation survey group consists of the following companies with substantial global sales that are direct competitors ; or have similar market capitalization ; or are primarily focused on consumer products ( excluding high technology and financial services ) ; and are companies for which comparative executive compensation data are readily available : bayer ag , british american tobacco p.l.c. , the coca-cola company , diageo plc , glaxosmithkline , heineken n.v. , imperial brands plc ( formerly , imperial tobacco group plc ) , johnson & johnson , mcdonald's corp. , international , inc. , nestl e9 s.a. , novartis ag , pepsico , inc. , pfizer inc. , roche holding ag , unilever nv and plc and vodafone group plc .( 2 ) on october 1 , 2012 , international , inc .( nasdaq : mdlz ) , formerly kraft foods inc. , announced that it had completed the spin-off of its north american grocery business , kraft foods group , inc .( nasdaq : krft ) .international , inc .was retained in the pmi compensation survey group index because of its global footprint .the pmi compensation survey group index total cumulative return calculation weights international , inc.'s total shareholder return at 65% ( 65 % ) of historical kraft foods inc.'s market capitalization on december 31 , 2010 , based on international , inc.'s initial market capitalization relative to the combined market capitalization of international , inc .and kraft foods group , inc .on october 2 , 2012 .note : figures are rounded to the nearest $ 0.10. .
Question: what was the value of pmi at end of 2015?
Steps: Ask for number 186.20
Answer: 186.2
Question: what is that less the initial $100 assumption?
Steps: subtract(186.20, const_100)
Answer: 86.2
Question: what is the percent change?
Steps: divide(A0, const_100)
Answer: 0.862
Question: what is the value of the s&p index at the end of 2015 less the initial $100 investment?
Steps: subtract(180.80, const_100)
Answer: 80.8
Question: what is the percent change?
Steps: divide(A2, const_100)
Answer: 0.808
Question: what is the difference of the percent change in pmi and the percent change in the s&p?
| 0.054 | 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.
performance graph the graph below compares the cumulative total shareholder return on pmi's common stock with the cumulative total return for the same period of pmi's compensation survey group and the s&p 500 index .the graph assumes the investment of $ 100 as of december 31 , 2010 , in pmi common stock ( at prices quoted on the new york stock exchange ) and each of the indices as of the market close and reinvestment of dividends on a quarterly basis .date pmi pmi compensation survey group ( 12 ) s&p 500 index . date | pmi | pmi compensation survey group ( 12 ) | s&p 500 index
december 31 2010 | $ 100.00 | $ 100.00 | $ 100.00
december 31 2011 | $ 139.80 | $ 114.10 | $ 102.10
december 31 2012 | $ 154.60 | $ 128.00 | $ 118.50
december 31 2013 | $ 167.70 | $ 163.60 | $ 156.80
december 31 2014 | $ 164.20 | $ 170.10 | $ 178.30
december 31 2015 | $ 186.20 | $ 179.20 | $ 180.80 ( 1 ) the pmi compensation survey group consists of the following companies with substantial global sales that are direct competitors ; or have similar market capitalization ; or are primarily focused on consumer products ( excluding high technology and financial services ) ; and are companies for which comparative executive compensation data are readily available : bayer ag , british american tobacco p.l.c. , the coca-cola company , diageo plc , glaxosmithkline , heineken n.v. , imperial brands plc ( formerly , imperial tobacco group plc ) , johnson & johnson , mcdonald's corp. , international , inc. , nestl e9 s.a. , novartis ag , pepsico , inc. , pfizer inc. , roche holding ag , unilever nv and plc and vodafone group plc .( 2 ) on october 1 , 2012 , international , inc .( nasdaq : mdlz ) , formerly kraft foods inc. , announced that it had completed the spin-off of its north american grocery business , kraft foods group , inc .( nasdaq : krft ) .international , inc .was retained in the pmi compensation survey group index because of its global footprint .the pmi compensation survey group index total cumulative return calculation weights international , inc.'s total shareholder return at 65% ( 65 % ) of historical kraft foods inc.'s market capitalization on december 31 , 2010 , based on international , inc.'s initial market capitalization relative to the combined market capitalization of international , inc .and kraft foods group , inc .on october 2 , 2012 .note : figures are rounded to the nearest $ 0.10. .
Question: what was the value of pmi at end of 2015?
Steps: Ask for number 186.20
Answer: 186.2
Question: what is that less the initial $100 assumption?
Steps: subtract(186.20, const_100)
Answer: 86.2
Question: what is the percent change?
Steps: divide(A0, const_100)
Answer: 0.862
Question: what is the value of the s&p index at the end of 2015 less the initial $100 investment?
Steps: subtract(180.80, const_100)
Answer: 80.8
Question: what is the percent change?
Steps: divide(A2, const_100)
Answer: 0.808
Question: what is the difference of the percent change in pmi and the percent change in the s&p?
| convfinqa2106 |
13 .pension and other postretirement benefit plans the company has defined benefit pension plans covering eligible employees in the united states and in certain of its international subsidiaries .as a result of plan design changes approved in 2011 , beginning on january 1 , 2013 , active participants in merck 2019s primary u.s .defined benefit pension plans are accruing pension benefits using new cash balance formulas based on age , service , pay and interest .however , during a transition period from january 1 , 2013 through december 31 , 2019 , participants will earn the greater of the benefit as calculated under the employee 2019s legacy final average pay formula or their new cash balance formula .for all years of service after december 31 , 2019 , participants will earn future benefits under only the cash balance formula .in addition , the company provides medical benefits , principally to its eligible u.s .retirees and their dependents , through its other postretirement benefit plans .the company uses december 31 as the year-end measurement date for all of its pension plans and other postretirement benefit plans .net periodic benefit cost the net periodic benefit cost for pension and other postretirement benefit plans consisted of the following components: . years ended december 31 | pension benefits 2013 | pension benefits 2012 | pension benefits 2011 | pension benefits 2013 | pension benefits 2012 | 2011
service cost | $ 682 | $ 555 | $ 619 | $ 102 | $ 82 | $ 110
interest cost | 665 | 661 | 718 | 107 | 121 | 141
expected return on plan assets | -1097 ( 1097 ) | -970 ( 970 ) | -972 ( 972 ) | -126 ( 126 ) | -136 ( 136 ) | -142 ( 142 )
net amortization | 336 | 185 | 201 | -50 ( 50 ) | -35 ( 35 ) | -17 ( 17 )
termination benefits | 58 | 27 | 59 | 50 | 18 | 29
curtailments | -23 ( 23 ) | -10 ( 10 ) | -86 ( 86 ) | -11 ( 11 ) | -7 ( 7 ) | 1
settlements | 23 | 18 | 4 | 2014 | 2014 | 2014
net periodic benefit cost | $ 644 | $ 466 | $ 543 | $ 72 | $ 43 | $ 122 the increase in net periodic benefit cost for pension and other postretirement benefit plans in 2013 as compared with 2012 is largely attributable to a change in the discount rate .the net periodic benefit cost attributable to u.s .pension plans included in the above table was $ 348 million in 2013 , $ 268 million in 2012 and $ 406 million in in connection with restructuring actions ( see note 3 ) , termination charges were recorded in 2013 , 2012 and 2011 on pension and other postretirement benefit plans related to expanded eligibility for certain employees exiting merck .also , in connection with these restructuring activities , curtailments were recorded in 2013 , 2012 and 2011 on pension and other postretirement benefit plans .in addition , settlements were recorded in 2013 , 2012 and 2011 on certain domestic and international pension plans .table of contents .
Question: how much does the service cost in 2013 represent in relation to the one in 2012?
| 1.22883 | 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.
13 .pension and other postretirement benefit plans the company has defined benefit pension plans covering eligible employees in the united states and in certain of its international subsidiaries .as a result of plan design changes approved in 2011 , beginning on january 1 , 2013 , active participants in merck 2019s primary u.s .defined benefit pension plans are accruing pension benefits using new cash balance formulas based on age , service , pay and interest .however , during a transition period from january 1 , 2013 through december 31 , 2019 , participants will earn the greater of the benefit as calculated under the employee 2019s legacy final average pay formula or their new cash balance formula .for all years of service after december 31 , 2019 , participants will earn future benefits under only the cash balance formula .in addition , the company provides medical benefits , principally to its eligible u.s .retirees and their dependents , through its other postretirement benefit plans .the company uses december 31 as the year-end measurement date for all of its pension plans and other postretirement benefit plans .net periodic benefit cost the net periodic benefit cost for pension and other postretirement benefit plans consisted of the following components: . years ended december 31 | pension benefits 2013 | pension benefits 2012 | pension benefits 2011 | pension benefits 2013 | pension benefits 2012 | 2011
service cost | $ 682 | $ 555 | $ 619 | $ 102 | $ 82 | $ 110
interest cost | 665 | 661 | 718 | 107 | 121 | 141
expected return on plan assets | -1097 ( 1097 ) | -970 ( 970 ) | -972 ( 972 ) | -126 ( 126 ) | -136 ( 136 ) | -142 ( 142 )
net amortization | 336 | 185 | 201 | -50 ( 50 ) | -35 ( 35 ) | -17 ( 17 )
termination benefits | 58 | 27 | 59 | 50 | 18 | 29
curtailments | -23 ( 23 ) | -10 ( 10 ) | -86 ( 86 ) | -11 ( 11 ) | -7 ( 7 ) | 1
settlements | 23 | 18 | 4 | 2014 | 2014 | 2014
net periodic benefit cost | $ 644 | $ 466 | $ 543 | $ 72 | $ 43 | $ 122 the increase in net periodic benefit cost for pension and other postretirement benefit plans in 2013 as compared with 2012 is largely attributable to a change in the discount rate .the net periodic benefit cost attributable to u.s .pension plans included in the above table was $ 348 million in 2013 , $ 268 million in 2012 and $ 406 million in in connection with restructuring actions ( see note 3 ) , termination charges were recorded in 2013 , 2012 and 2011 on pension and other postretirement benefit plans related to expanded eligibility for certain employees exiting merck .also , in connection with these restructuring activities , curtailments were recorded in 2013 , 2012 and 2011 on pension and other postretirement benefit plans .in addition , settlements were recorded in 2013 , 2012 and 2011 on certain domestic and international pension plans .table of contents .
Question: how much does the service cost in 2013 represent in relation to the one in 2012?
| convfinqa2107 |
13 .pension and other postretirement benefit plans the company has defined benefit pension plans covering eligible employees in the united states and in certain of its international subsidiaries .as a result of plan design changes approved in 2011 , beginning on january 1 , 2013 , active participants in merck 2019s primary u.s .defined benefit pension plans are accruing pension benefits using new cash balance formulas based on age , service , pay and interest .however , during a transition period from january 1 , 2013 through december 31 , 2019 , participants will earn the greater of the benefit as calculated under the employee 2019s legacy final average pay formula or their new cash balance formula .for all years of service after december 31 , 2019 , participants will earn future benefits under only the cash balance formula .in addition , the company provides medical benefits , principally to its eligible u.s .retirees and their dependents , through its other postretirement benefit plans .the company uses december 31 as the year-end measurement date for all of its pension plans and other postretirement benefit plans .net periodic benefit cost the net periodic benefit cost for pension and other postretirement benefit plans consisted of the following components: . years ended december 31 | pension benefits 2013 | pension benefits 2012 | pension benefits 2011 | pension benefits 2013 | pension benefits 2012 | 2011
service cost | $ 682 | $ 555 | $ 619 | $ 102 | $ 82 | $ 110
interest cost | 665 | 661 | 718 | 107 | 121 | 141
expected return on plan assets | -1097 ( 1097 ) | -970 ( 970 ) | -972 ( 972 ) | -126 ( 126 ) | -136 ( 136 ) | -142 ( 142 )
net amortization | 336 | 185 | 201 | -50 ( 50 ) | -35 ( 35 ) | -17 ( 17 )
termination benefits | 58 | 27 | 59 | 50 | 18 | 29
curtailments | -23 ( 23 ) | -10 ( 10 ) | -86 ( 86 ) | -11 ( 11 ) | -7 ( 7 ) | 1
settlements | 23 | 18 | 4 | 2014 | 2014 | 2014
net periodic benefit cost | $ 644 | $ 466 | $ 543 | $ 72 | $ 43 | $ 122 the increase in net periodic benefit cost for pension and other postretirement benefit plans in 2013 as compared with 2012 is largely attributable to a change in the discount rate .the net periodic benefit cost attributable to u.s .pension plans included in the above table was $ 348 million in 2013 , $ 268 million in 2012 and $ 406 million in in connection with restructuring actions ( see note 3 ) , termination charges were recorded in 2013 , 2012 and 2011 on pension and other postretirement benefit plans related to expanded eligibility for certain employees exiting merck .also , in connection with these restructuring activities , curtailments were recorded in 2013 , 2012 and 2011 on pension and other postretirement benefit plans .in addition , settlements were recorded in 2013 , 2012 and 2011 on certain domestic and international pension plans .table of contents .
Question: how much does the service cost in 2013 represent in relation to the one in 2012?
Steps: divide(682, 555)
Answer: 1.22883
Question: and what is the difference between this value and the number one?
| 0.22883 | 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.
13 .pension and other postretirement benefit plans the company has defined benefit pension plans covering eligible employees in the united states and in certain of its international subsidiaries .as a result of plan design changes approved in 2011 , beginning on january 1 , 2013 , active participants in merck 2019s primary u.s .defined benefit pension plans are accruing pension benefits using new cash balance formulas based on age , service , pay and interest .however , during a transition period from january 1 , 2013 through december 31 , 2019 , participants will earn the greater of the benefit as calculated under the employee 2019s legacy final average pay formula or their new cash balance formula .for all years of service after december 31 , 2019 , participants will earn future benefits under only the cash balance formula .in addition , the company provides medical benefits , principally to its eligible u.s .retirees and their dependents , through its other postretirement benefit plans .the company uses december 31 as the year-end measurement date for all of its pension plans and other postretirement benefit plans .net periodic benefit cost the net periodic benefit cost for pension and other postretirement benefit plans consisted of the following components: . years ended december 31 | pension benefits 2013 | pension benefits 2012 | pension benefits 2011 | pension benefits 2013 | pension benefits 2012 | 2011
service cost | $ 682 | $ 555 | $ 619 | $ 102 | $ 82 | $ 110
interest cost | 665 | 661 | 718 | 107 | 121 | 141
expected return on plan assets | -1097 ( 1097 ) | -970 ( 970 ) | -972 ( 972 ) | -126 ( 126 ) | -136 ( 136 ) | -142 ( 142 )
net amortization | 336 | 185 | 201 | -50 ( 50 ) | -35 ( 35 ) | -17 ( 17 )
termination benefits | 58 | 27 | 59 | 50 | 18 | 29
curtailments | -23 ( 23 ) | -10 ( 10 ) | -86 ( 86 ) | -11 ( 11 ) | -7 ( 7 ) | 1
settlements | 23 | 18 | 4 | 2014 | 2014 | 2014
net periodic benefit cost | $ 644 | $ 466 | $ 543 | $ 72 | $ 43 | $ 122 the increase in net periodic benefit cost for pension and other postretirement benefit plans in 2013 as compared with 2012 is largely attributable to a change in the discount rate .the net periodic benefit cost attributable to u.s .pension plans included in the above table was $ 348 million in 2013 , $ 268 million in 2012 and $ 406 million in in connection with restructuring actions ( see note 3 ) , termination charges were recorded in 2013 , 2012 and 2011 on pension and other postretirement benefit plans related to expanded eligibility for certain employees exiting merck .also , in connection with these restructuring activities , curtailments were recorded in 2013 , 2012 and 2011 on pension and other postretirement benefit plans .in addition , settlements were recorded in 2013 , 2012 and 2011 on certain domestic and international pension plans .table of contents .
Question: how much does the service cost in 2013 represent in relation to the one in 2012?
Steps: divide(682, 555)
Answer: 1.22883
Question: and what is the difference between this value and the number one?
| convfinqa2108 |
korea engineering plastics co. , ltd .founded in 1987 , kepco is the leading producer of pom in south korea .kepco is a venture between celanese's ticona business ( 50% ( 50 % ) ) , mitsubishi gas chemical company , inc .( 40% ( 40 % ) ) and mitsubishi corporation ( 10% ( 10 % ) ) .kepco has polyacetal production facilities in ulsan , south korea , compounding facilities for pbt and nylon in pyongtaek , south korea , and participates with polyplastics and mitsubishi gas chemical company , inc .in a world-scale pom facility in nantong , china .polyplastics co. , ltd .polyplastics is a leading supplier of engineered plastics in the asia-pacific region and is a venture between daicel chemical industries ltd. , japan ( 55% ( 55 % ) ) , and celanese's ticona business ( 45% ( 45 % ) ) .established in 1964 , polyplastics is a producer and marketer of pom and lcp in the asia-pacific region , with principal production facilities located in japan , taiwan , malaysia and china .fortron industries llc .fortron is a leading global producer of polyphenylene sulfide ( 201cpps 201d ) , sold under the fortron ae brand , which is used in a wide variety of automotive and other applications , especially those requiring heat and/or chemical resistance .established in 1992 , fortron is a limited liability company whose members are ticona fortron inc .( 50% ( 50 % ) ownership and a wholly-owned subsidiary of cna holdings , llc ) and kureha corporation ( 50% ( 50 % ) ownership and a wholly-owned subsidiary of kureha chemical industry co. , ltd .of japan ) .fortron's facility is located in wilmington , north carolina .this venture combines the sales , marketing , distribution , compounding and manufacturing expertise of celanese with the pps polymer technology expertise of kureha .china acetate strategic ventures .we hold an approximate 30% ( 30 % ) ownership interest in three separate acetate production ventures in china .these include the nantong cellulose fibers co .ltd. , kunming cellulose fibers co .ltd .and zhuhai cellulose fibers co .ltd .the china national tobacco corporation , the chinese state-owned tobacco entity , controls the remaining ownership interest in each of these ventures .with an estimated 30% ( 30 % ) share of the world's cigarette production and consumption , china is the world's largest and fastest growing area for acetate tow products according to the 2009 stanford research institute international chemical economics handbook .combined , these ventures are a leader in chinese domestic acetate production and are well positioned to supply chinese cigarette producers .in december 2009 , we announced plans with china national tobacco to expand our acetate flake and tow capacity at our venture's nantong facility and we received formal approval for the expansions , each by 30000 tons , during 2010 .since their inception in 1986 , the china acetate ventures have completed 12 expansions , leading to earnings growth and increased dividends .our chinese acetate ventures fund their operations using operating cash flow .during 2011 , we made contributions of $ 8 million related to the capacity expansions in nantong and have committed contributions of $ 9 million in 2012 .in 2010 , we made contributions of $ 12 million .our chinese acetate ventures pay a dividend in the second quarter of each fiscal year , based on the ventures' performance for the preceding year .in 2011 , 2010 and 2009 , we received cash dividends of $ 78 million , $ 71 million and $ 56 million , respectively .although our ownership interest in each of our china acetate ventures exceeds 20% ( 20 % ) , we account for these investments using the cost method of accounting because we determined that we cannot exercise significant influence over these entities due to local government investment in and influence over these entities , limitations on our involvement in the day-to-day operations and the present inability of the entities to provide timely financial information prepared in accordance with generally accepted accounting principles in the united states ( 201cus gaap 201d ) .2022 other equity method investments infraservs .we hold indirect ownership interests in several infraserv groups in germany that own and develop industrial parks and provide on-site general and administrative support to tenants .the table below represents our equity investments in infraserv ventures as of december 31 , 2011: . | ownership % ( % )
infraserv gmbh & co . gendorf kg | 39
infraserv gmbh & co . knapsack kg | 27
infraserv gmbh & co . hoechst kg | 32 .
Question: what was the value of dividends received in 2011?
| 78.0 | 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.
korea engineering plastics co. , ltd .founded in 1987 , kepco is the leading producer of pom in south korea .kepco is a venture between celanese's ticona business ( 50% ( 50 % ) ) , mitsubishi gas chemical company , inc .( 40% ( 40 % ) ) and mitsubishi corporation ( 10% ( 10 % ) ) .kepco has polyacetal production facilities in ulsan , south korea , compounding facilities for pbt and nylon in pyongtaek , south korea , and participates with polyplastics and mitsubishi gas chemical company , inc .in a world-scale pom facility in nantong , china .polyplastics co. , ltd .polyplastics is a leading supplier of engineered plastics in the asia-pacific region and is a venture between daicel chemical industries ltd. , japan ( 55% ( 55 % ) ) , and celanese's ticona business ( 45% ( 45 % ) ) .established in 1964 , polyplastics is a producer and marketer of pom and lcp in the asia-pacific region , with principal production facilities located in japan , taiwan , malaysia and china .fortron industries llc .fortron is a leading global producer of polyphenylene sulfide ( 201cpps 201d ) , sold under the fortron ae brand , which is used in a wide variety of automotive and other applications , especially those requiring heat and/or chemical resistance .established in 1992 , fortron is a limited liability company whose members are ticona fortron inc .( 50% ( 50 % ) ownership and a wholly-owned subsidiary of cna holdings , llc ) and kureha corporation ( 50% ( 50 % ) ownership and a wholly-owned subsidiary of kureha chemical industry co. , ltd .of japan ) .fortron's facility is located in wilmington , north carolina .this venture combines the sales , marketing , distribution , compounding and manufacturing expertise of celanese with the pps polymer technology expertise of kureha .china acetate strategic ventures .we hold an approximate 30% ( 30 % ) ownership interest in three separate acetate production ventures in china .these include the nantong cellulose fibers co .ltd. , kunming cellulose fibers co .ltd .and zhuhai cellulose fibers co .ltd .the china national tobacco corporation , the chinese state-owned tobacco entity , controls the remaining ownership interest in each of these ventures .with an estimated 30% ( 30 % ) share of the world's cigarette production and consumption , china is the world's largest and fastest growing area for acetate tow products according to the 2009 stanford research institute international chemical economics handbook .combined , these ventures are a leader in chinese domestic acetate production and are well positioned to supply chinese cigarette producers .in december 2009 , we announced plans with china national tobacco to expand our acetate flake and tow capacity at our venture's nantong facility and we received formal approval for the expansions , each by 30000 tons , during 2010 .since their inception in 1986 , the china acetate ventures have completed 12 expansions , leading to earnings growth and increased dividends .our chinese acetate ventures fund their operations using operating cash flow .during 2011 , we made contributions of $ 8 million related to the capacity expansions in nantong and have committed contributions of $ 9 million in 2012 .in 2010 , we made contributions of $ 12 million .our chinese acetate ventures pay a dividend in the second quarter of each fiscal year , based on the ventures' performance for the preceding year .in 2011 , 2010 and 2009 , we received cash dividends of $ 78 million , $ 71 million and $ 56 million , respectively .although our ownership interest in each of our china acetate ventures exceeds 20% ( 20 % ) , we account for these investments using the cost method of accounting because we determined that we cannot exercise significant influence over these entities due to local government investment in and influence over these entities , limitations on our involvement in the day-to-day operations and the present inability of the entities to provide timely financial information prepared in accordance with generally accepted accounting principles in the united states ( 201cus gaap 201d ) .2022 other equity method investments infraservs .we hold indirect ownership interests in several infraserv groups in germany that own and develop industrial parks and provide on-site general and administrative support to tenants .the table below represents our equity investments in infraserv ventures as of december 31 , 2011: . | ownership % ( % )
infraserv gmbh & co . gendorf kg | 39
infraserv gmbh & co . knapsack kg | 27
infraserv gmbh & co . hoechst kg | 32 .
Question: what was the value of dividends received in 2011?
| convfinqa2109 |
korea engineering plastics co. , ltd .founded in 1987 , kepco is the leading producer of pom in south korea .kepco is a venture between celanese's ticona business ( 50% ( 50 % ) ) , mitsubishi gas chemical company , inc .( 40% ( 40 % ) ) and mitsubishi corporation ( 10% ( 10 % ) ) .kepco has polyacetal production facilities in ulsan , south korea , compounding facilities for pbt and nylon in pyongtaek , south korea , and participates with polyplastics and mitsubishi gas chemical company , inc .in a world-scale pom facility in nantong , china .polyplastics co. , ltd .polyplastics is a leading supplier of engineered plastics in the asia-pacific region and is a venture between daicel chemical industries ltd. , japan ( 55% ( 55 % ) ) , and celanese's ticona business ( 45% ( 45 % ) ) .established in 1964 , polyplastics is a producer and marketer of pom and lcp in the asia-pacific region , with principal production facilities located in japan , taiwan , malaysia and china .fortron industries llc .fortron is a leading global producer of polyphenylene sulfide ( 201cpps 201d ) , sold under the fortron ae brand , which is used in a wide variety of automotive and other applications , especially those requiring heat and/or chemical resistance .established in 1992 , fortron is a limited liability company whose members are ticona fortron inc .( 50% ( 50 % ) ownership and a wholly-owned subsidiary of cna holdings , llc ) and kureha corporation ( 50% ( 50 % ) ownership and a wholly-owned subsidiary of kureha chemical industry co. , ltd .of japan ) .fortron's facility is located in wilmington , north carolina .this venture combines the sales , marketing , distribution , compounding and manufacturing expertise of celanese with the pps polymer technology expertise of kureha .china acetate strategic ventures .we hold an approximate 30% ( 30 % ) ownership interest in three separate acetate production ventures in china .these include the nantong cellulose fibers co .ltd. , kunming cellulose fibers co .ltd .and zhuhai cellulose fibers co .ltd .the china national tobacco corporation , the chinese state-owned tobacco entity , controls the remaining ownership interest in each of these ventures .with an estimated 30% ( 30 % ) share of the world's cigarette production and consumption , china is the world's largest and fastest growing area for acetate tow products according to the 2009 stanford research institute international chemical economics handbook .combined , these ventures are a leader in chinese domestic acetate production and are well positioned to supply chinese cigarette producers .in december 2009 , we announced plans with china national tobacco to expand our acetate flake and tow capacity at our venture's nantong facility and we received formal approval for the expansions , each by 30000 tons , during 2010 .since their inception in 1986 , the china acetate ventures have completed 12 expansions , leading to earnings growth and increased dividends .our chinese acetate ventures fund their operations using operating cash flow .during 2011 , we made contributions of $ 8 million related to the capacity expansions in nantong and have committed contributions of $ 9 million in 2012 .in 2010 , we made contributions of $ 12 million .our chinese acetate ventures pay a dividend in the second quarter of each fiscal year , based on the ventures' performance for the preceding year .in 2011 , 2010 and 2009 , we received cash dividends of $ 78 million , $ 71 million and $ 56 million , respectively .although our ownership interest in each of our china acetate ventures exceeds 20% ( 20 % ) , we account for these investments using the cost method of accounting because we determined that we cannot exercise significant influence over these entities due to local government investment in and influence over these entities , limitations on our involvement in the day-to-day operations and the present inability of the entities to provide timely financial information prepared in accordance with generally accepted accounting principles in the united states ( 201cus gaap 201d ) .2022 other equity method investments infraservs .we hold indirect ownership interests in several infraserv groups in germany that own and develop industrial parks and provide on-site general and administrative support to tenants .the table below represents our equity investments in infraserv ventures as of december 31 , 2011: . | ownership % ( % )
infraserv gmbh & co . gendorf kg | 39
infraserv gmbh & co . knapsack kg | 27
infraserv gmbh & co . hoechst kg | 32 .
Question: what was the value of dividends received in 2011?
Steps: Ask for number 78
Answer: 78.0
Question: what was the value of dividends received in 2010?
| 71.0 | 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.
korea engineering plastics co. , ltd .founded in 1987 , kepco is the leading producer of pom in south korea .kepco is a venture between celanese's ticona business ( 50% ( 50 % ) ) , mitsubishi gas chemical company , inc .( 40% ( 40 % ) ) and mitsubishi corporation ( 10% ( 10 % ) ) .kepco has polyacetal production facilities in ulsan , south korea , compounding facilities for pbt and nylon in pyongtaek , south korea , and participates with polyplastics and mitsubishi gas chemical company , inc .in a world-scale pom facility in nantong , china .polyplastics co. , ltd .polyplastics is a leading supplier of engineered plastics in the asia-pacific region and is a venture between daicel chemical industries ltd. , japan ( 55% ( 55 % ) ) , and celanese's ticona business ( 45% ( 45 % ) ) .established in 1964 , polyplastics is a producer and marketer of pom and lcp in the asia-pacific region , with principal production facilities located in japan , taiwan , malaysia and china .fortron industries llc .fortron is a leading global producer of polyphenylene sulfide ( 201cpps 201d ) , sold under the fortron ae brand , which is used in a wide variety of automotive and other applications , especially those requiring heat and/or chemical resistance .established in 1992 , fortron is a limited liability company whose members are ticona fortron inc .( 50% ( 50 % ) ownership and a wholly-owned subsidiary of cna holdings , llc ) and kureha corporation ( 50% ( 50 % ) ownership and a wholly-owned subsidiary of kureha chemical industry co. , ltd .of japan ) .fortron's facility is located in wilmington , north carolina .this venture combines the sales , marketing , distribution , compounding and manufacturing expertise of celanese with the pps polymer technology expertise of kureha .china acetate strategic ventures .we hold an approximate 30% ( 30 % ) ownership interest in three separate acetate production ventures in china .these include the nantong cellulose fibers co .ltd. , kunming cellulose fibers co .ltd .and zhuhai cellulose fibers co .ltd .the china national tobacco corporation , the chinese state-owned tobacco entity , controls the remaining ownership interest in each of these ventures .with an estimated 30% ( 30 % ) share of the world's cigarette production and consumption , china is the world's largest and fastest growing area for acetate tow products according to the 2009 stanford research institute international chemical economics handbook .combined , these ventures are a leader in chinese domestic acetate production and are well positioned to supply chinese cigarette producers .in december 2009 , we announced plans with china national tobacco to expand our acetate flake and tow capacity at our venture's nantong facility and we received formal approval for the expansions , each by 30000 tons , during 2010 .since their inception in 1986 , the china acetate ventures have completed 12 expansions , leading to earnings growth and increased dividends .our chinese acetate ventures fund their operations using operating cash flow .during 2011 , we made contributions of $ 8 million related to the capacity expansions in nantong and have committed contributions of $ 9 million in 2012 .in 2010 , we made contributions of $ 12 million .our chinese acetate ventures pay a dividend in the second quarter of each fiscal year , based on the ventures' performance for the preceding year .in 2011 , 2010 and 2009 , we received cash dividends of $ 78 million , $ 71 million and $ 56 million , respectively .although our ownership interest in each of our china acetate ventures exceeds 20% ( 20 % ) , we account for these investments using the cost method of accounting because we determined that we cannot exercise significant influence over these entities due to local government investment in and influence over these entities , limitations on our involvement in the day-to-day operations and the present inability of the entities to provide timely financial information prepared in accordance with generally accepted accounting principles in the united states ( 201cus gaap 201d ) .2022 other equity method investments infraservs .we hold indirect ownership interests in several infraserv groups in germany that own and develop industrial parks and provide on-site general and administrative support to tenants .the table below represents our equity investments in infraserv ventures as of december 31 , 2011: . | ownership % ( % )
infraserv gmbh & co . gendorf kg | 39
infraserv gmbh & co . knapsack kg | 27
infraserv gmbh & co . hoechst kg | 32 .
Question: what was the value of dividends received in 2011?
Steps: Ask for number 78
Answer: 78.0
Question: what was the value of dividends received in 2010?
| convfinqa2110 |
korea engineering plastics co. , ltd .founded in 1987 , kepco is the leading producer of pom in south korea .kepco is a venture between celanese's ticona business ( 50% ( 50 % ) ) , mitsubishi gas chemical company , inc .( 40% ( 40 % ) ) and mitsubishi corporation ( 10% ( 10 % ) ) .kepco has polyacetal production facilities in ulsan , south korea , compounding facilities for pbt and nylon in pyongtaek , south korea , and participates with polyplastics and mitsubishi gas chemical company , inc .in a world-scale pom facility in nantong , china .polyplastics co. , ltd .polyplastics is a leading supplier of engineered plastics in the asia-pacific region and is a venture between daicel chemical industries ltd. , japan ( 55% ( 55 % ) ) , and celanese's ticona business ( 45% ( 45 % ) ) .established in 1964 , polyplastics is a producer and marketer of pom and lcp in the asia-pacific region , with principal production facilities located in japan , taiwan , malaysia and china .fortron industries llc .fortron is a leading global producer of polyphenylene sulfide ( 201cpps 201d ) , sold under the fortron ae brand , which is used in a wide variety of automotive and other applications , especially those requiring heat and/or chemical resistance .established in 1992 , fortron is a limited liability company whose members are ticona fortron inc .( 50% ( 50 % ) ownership and a wholly-owned subsidiary of cna holdings , llc ) and kureha corporation ( 50% ( 50 % ) ownership and a wholly-owned subsidiary of kureha chemical industry co. , ltd .of japan ) .fortron's facility is located in wilmington , north carolina .this venture combines the sales , marketing , distribution , compounding and manufacturing expertise of celanese with the pps polymer technology expertise of kureha .china acetate strategic ventures .we hold an approximate 30% ( 30 % ) ownership interest in three separate acetate production ventures in china .these include the nantong cellulose fibers co .ltd. , kunming cellulose fibers co .ltd .and zhuhai cellulose fibers co .ltd .the china national tobacco corporation , the chinese state-owned tobacco entity , controls the remaining ownership interest in each of these ventures .with an estimated 30% ( 30 % ) share of the world's cigarette production and consumption , china is the world's largest and fastest growing area for acetate tow products according to the 2009 stanford research institute international chemical economics handbook .combined , these ventures are a leader in chinese domestic acetate production and are well positioned to supply chinese cigarette producers .in december 2009 , we announced plans with china national tobacco to expand our acetate flake and tow capacity at our venture's nantong facility and we received formal approval for the expansions , each by 30000 tons , during 2010 .since their inception in 1986 , the china acetate ventures have completed 12 expansions , leading to earnings growth and increased dividends .our chinese acetate ventures fund their operations using operating cash flow .during 2011 , we made contributions of $ 8 million related to the capacity expansions in nantong and have committed contributions of $ 9 million in 2012 .in 2010 , we made contributions of $ 12 million .our chinese acetate ventures pay a dividend in the second quarter of each fiscal year , based on the ventures' performance for the preceding year .in 2011 , 2010 and 2009 , we received cash dividends of $ 78 million , $ 71 million and $ 56 million , respectively .although our ownership interest in each of our china acetate ventures exceeds 20% ( 20 % ) , we account for these investments using the cost method of accounting because we determined that we cannot exercise significant influence over these entities due to local government investment in and influence over these entities , limitations on our involvement in the day-to-day operations and the present inability of the entities to provide timely financial information prepared in accordance with generally accepted accounting principles in the united states ( 201cus gaap 201d ) .2022 other equity method investments infraservs .we hold indirect ownership interests in several infraserv groups in germany that own and develop industrial parks and provide on-site general and administrative support to tenants .the table below represents our equity investments in infraserv ventures as of december 31 , 2011: . | ownership % ( % )
infraserv gmbh & co . gendorf kg | 39
infraserv gmbh & co . knapsack kg | 27
infraserv gmbh & co . hoechst kg | 32 .
Question: what was the value of dividends received in 2011?
Steps: Ask for number 78
Answer: 78.0
Question: what was the value of dividends received in 2010?
Steps: Ask for number 71
Answer: 71.0
Question: what is the difference?
| 7.0 | 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.
korea engineering plastics co. , ltd .founded in 1987 , kepco is the leading producer of pom in south korea .kepco is a venture between celanese's ticona business ( 50% ( 50 % ) ) , mitsubishi gas chemical company , inc .( 40% ( 40 % ) ) and mitsubishi corporation ( 10% ( 10 % ) ) .kepco has polyacetal production facilities in ulsan , south korea , compounding facilities for pbt and nylon in pyongtaek , south korea , and participates with polyplastics and mitsubishi gas chemical company , inc .in a world-scale pom facility in nantong , china .polyplastics co. , ltd .polyplastics is a leading supplier of engineered plastics in the asia-pacific region and is a venture between daicel chemical industries ltd. , japan ( 55% ( 55 % ) ) , and celanese's ticona business ( 45% ( 45 % ) ) .established in 1964 , polyplastics is a producer and marketer of pom and lcp in the asia-pacific region , with principal production facilities located in japan , taiwan , malaysia and china .fortron industries llc .fortron is a leading global producer of polyphenylene sulfide ( 201cpps 201d ) , sold under the fortron ae brand , which is used in a wide variety of automotive and other applications , especially those requiring heat and/or chemical resistance .established in 1992 , fortron is a limited liability company whose members are ticona fortron inc .( 50% ( 50 % ) ownership and a wholly-owned subsidiary of cna holdings , llc ) and kureha corporation ( 50% ( 50 % ) ownership and a wholly-owned subsidiary of kureha chemical industry co. , ltd .of japan ) .fortron's facility is located in wilmington , north carolina .this venture combines the sales , marketing , distribution , compounding and manufacturing expertise of celanese with the pps polymer technology expertise of kureha .china acetate strategic ventures .we hold an approximate 30% ( 30 % ) ownership interest in three separate acetate production ventures in china .these include the nantong cellulose fibers co .ltd. , kunming cellulose fibers co .ltd .and zhuhai cellulose fibers co .ltd .the china national tobacco corporation , the chinese state-owned tobacco entity , controls the remaining ownership interest in each of these ventures .with an estimated 30% ( 30 % ) share of the world's cigarette production and consumption , china is the world's largest and fastest growing area for acetate tow products according to the 2009 stanford research institute international chemical economics handbook .combined , these ventures are a leader in chinese domestic acetate production and are well positioned to supply chinese cigarette producers .in december 2009 , we announced plans with china national tobacco to expand our acetate flake and tow capacity at our venture's nantong facility and we received formal approval for the expansions , each by 30000 tons , during 2010 .since their inception in 1986 , the china acetate ventures have completed 12 expansions , leading to earnings growth and increased dividends .our chinese acetate ventures fund their operations using operating cash flow .during 2011 , we made contributions of $ 8 million related to the capacity expansions in nantong and have committed contributions of $ 9 million in 2012 .in 2010 , we made contributions of $ 12 million .our chinese acetate ventures pay a dividend in the second quarter of each fiscal year , based on the ventures' performance for the preceding year .in 2011 , 2010 and 2009 , we received cash dividends of $ 78 million , $ 71 million and $ 56 million , respectively .although our ownership interest in each of our china acetate ventures exceeds 20% ( 20 % ) , we account for these investments using the cost method of accounting because we determined that we cannot exercise significant influence over these entities due to local government investment in and influence over these entities , limitations on our involvement in the day-to-day operations and the present inability of the entities to provide timely financial information prepared in accordance with generally accepted accounting principles in the united states ( 201cus gaap 201d ) .2022 other equity method investments infraservs .we hold indirect ownership interests in several infraserv groups in germany that own and develop industrial parks and provide on-site general and administrative support to tenants .the table below represents our equity investments in infraserv ventures as of december 31 , 2011: . | ownership % ( % )
infraserv gmbh & co . gendorf kg | 39
infraserv gmbh & co . knapsack kg | 27
infraserv gmbh & co . hoechst kg | 32 .
Question: what was the value of dividends received in 2011?
Steps: Ask for number 78
Answer: 78.0
Question: what was the value of dividends received in 2010?
Steps: Ask for number 71
Answer: 71.0
Question: what is the difference?
| convfinqa2111 |
korea engineering plastics co. , ltd .founded in 1987 , kepco is the leading producer of pom in south korea .kepco is a venture between celanese's ticona business ( 50% ( 50 % ) ) , mitsubishi gas chemical company , inc .( 40% ( 40 % ) ) and mitsubishi corporation ( 10% ( 10 % ) ) .kepco has polyacetal production facilities in ulsan , south korea , compounding facilities for pbt and nylon in pyongtaek , south korea , and participates with polyplastics and mitsubishi gas chemical company , inc .in a world-scale pom facility in nantong , china .polyplastics co. , ltd .polyplastics is a leading supplier of engineered plastics in the asia-pacific region and is a venture between daicel chemical industries ltd. , japan ( 55% ( 55 % ) ) , and celanese's ticona business ( 45% ( 45 % ) ) .established in 1964 , polyplastics is a producer and marketer of pom and lcp in the asia-pacific region , with principal production facilities located in japan , taiwan , malaysia and china .fortron industries llc .fortron is a leading global producer of polyphenylene sulfide ( 201cpps 201d ) , sold under the fortron ae brand , which is used in a wide variety of automotive and other applications , especially those requiring heat and/or chemical resistance .established in 1992 , fortron is a limited liability company whose members are ticona fortron inc .( 50% ( 50 % ) ownership and a wholly-owned subsidiary of cna holdings , llc ) and kureha corporation ( 50% ( 50 % ) ownership and a wholly-owned subsidiary of kureha chemical industry co. , ltd .of japan ) .fortron's facility is located in wilmington , north carolina .this venture combines the sales , marketing , distribution , compounding and manufacturing expertise of celanese with the pps polymer technology expertise of kureha .china acetate strategic ventures .we hold an approximate 30% ( 30 % ) ownership interest in three separate acetate production ventures in china .these include the nantong cellulose fibers co .ltd. , kunming cellulose fibers co .ltd .and zhuhai cellulose fibers co .ltd .the china national tobacco corporation , the chinese state-owned tobacco entity , controls the remaining ownership interest in each of these ventures .with an estimated 30% ( 30 % ) share of the world's cigarette production and consumption , china is the world's largest and fastest growing area for acetate tow products according to the 2009 stanford research institute international chemical economics handbook .combined , these ventures are a leader in chinese domestic acetate production and are well positioned to supply chinese cigarette producers .in december 2009 , we announced plans with china national tobacco to expand our acetate flake and tow capacity at our venture's nantong facility and we received formal approval for the expansions , each by 30000 tons , during 2010 .since their inception in 1986 , the china acetate ventures have completed 12 expansions , leading to earnings growth and increased dividends .our chinese acetate ventures fund their operations using operating cash flow .during 2011 , we made contributions of $ 8 million related to the capacity expansions in nantong and have committed contributions of $ 9 million in 2012 .in 2010 , we made contributions of $ 12 million .our chinese acetate ventures pay a dividend in the second quarter of each fiscal year , based on the ventures' performance for the preceding year .in 2011 , 2010 and 2009 , we received cash dividends of $ 78 million , $ 71 million and $ 56 million , respectively .although our ownership interest in each of our china acetate ventures exceeds 20% ( 20 % ) , we account for these investments using the cost method of accounting because we determined that we cannot exercise significant influence over these entities due to local government investment in and influence over these entities , limitations on our involvement in the day-to-day operations and the present inability of the entities to provide timely financial information prepared in accordance with generally accepted accounting principles in the united states ( 201cus gaap 201d ) .2022 other equity method investments infraservs .we hold indirect ownership interests in several infraserv groups in germany that own and develop industrial parks and provide on-site general and administrative support to tenants .the table below represents our equity investments in infraserv ventures as of december 31 , 2011: . | ownership % ( % )
infraserv gmbh & co . gendorf kg | 39
infraserv gmbh & co . knapsack kg | 27
infraserv gmbh & co . hoechst kg | 32 .
Question: what was the value of dividends received in 2011?
Steps: Ask for number 78
Answer: 78.0
Question: what was the value of dividends received in 2010?
Steps: Ask for number 71
Answer: 71.0
Question: what is the difference?
Steps: subtract(78, 71)
Answer: 7.0
Question: what was the value of dividends received in 2010?
| 71.0 | 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.
korea engineering plastics co. , ltd .founded in 1987 , kepco is the leading producer of pom in south korea .kepco is a venture between celanese's ticona business ( 50% ( 50 % ) ) , mitsubishi gas chemical company , inc .( 40% ( 40 % ) ) and mitsubishi corporation ( 10% ( 10 % ) ) .kepco has polyacetal production facilities in ulsan , south korea , compounding facilities for pbt and nylon in pyongtaek , south korea , and participates with polyplastics and mitsubishi gas chemical company , inc .in a world-scale pom facility in nantong , china .polyplastics co. , ltd .polyplastics is a leading supplier of engineered plastics in the asia-pacific region and is a venture between daicel chemical industries ltd. , japan ( 55% ( 55 % ) ) , and celanese's ticona business ( 45% ( 45 % ) ) .established in 1964 , polyplastics is a producer and marketer of pom and lcp in the asia-pacific region , with principal production facilities located in japan , taiwan , malaysia and china .fortron industries llc .fortron is a leading global producer of polyphenylene sulfide ( 201cpps 201d ) , sold under the fortron ae brand , which is used in a wide variety of automotive and other applications , especially those requiring heat and/or chemical resistance .established in 1992 , fortron is a limited liability company whose members are ticona fortron inc .( 50% ( 50 % ) ownership and a wholly-owned subsidiary of cna holdings , llc ) and kureha corporation ( 50% ( 50 % ) ownership and a wholly-owned subsidiary of kureha chemical industry co. , ltd .of japan ) .fortron's facility is located in wilmington , north carolina .this venture combines the sales , marketing , distribution , compounding and manufacturing expertise of celanese with the pps polymer technology expertise of kureha .china acetate strategic ventures .we hold an approximate 30% ( 30 % ) ownership interest in three separate acetate production ventures in china .these include the nantong cellulose fibers co .ltd. , kunming cellulose fibers co .ltd .and zhuhai cellulose fibers co .ltd .the china national tobacco corporation , the chinese state-owned tobacco entity , controls the remaining ownership interest in each of these ventures .with an estimated 30% ( 30 % ) share of the world's cigarette production and consumption , china is the world's largest and fastest growing area for acetate tow products according to the 2009 stanford research institute international chemical economics handbook .combined , these ventures are a leader in chinese domestic acetate production and are well positioned to supply chinese cigarette producers .in december 2009 , we announced plans with china national tobacco to expand our acetate flake and tow capacity at our venture's nantong facility and we received formal approval for the expansions , each by 30000 tons , during 2010 .since their inception in 1986 , the china acetate ventures have completed 12 expansions , leading to earnings growth and increased dividends .our chinese acetate ventures fund their operations using operating cash flow .during 2011 , we made contributions of $ 8 million related to the capacity expansions in nantong and have committed contributions of $ 9 million in 2012 .in 2010 , we made contributions of $ 12 million .our chinese acetate ventures pay a dividend in the second quarter of each fiscal year , based on the ventures' performance for the preceding year .in 2011 , 2010 and 2009 , we received cash dividends of $ 78 million , $ 71 million and $ 56 million , respectively .although our ownership interest in each of our china acetate ventures exceeds 20% ( 20 % ) , we account for these investments using the cost method of accounting because we determined that we cannot exercise significant influence over these entities due to local government investment in and influence over these entities , limitations on our involvement in the day-to-day operations and the present inability of the entities to provide timely financial information prepared in accordance with generally accepted accounting principles in the united states ( 201cus gaap 201d ) .2022 other equity method investments infraservs .we hold indirect ownership interests in several infraserv groups in germany that own and develop industrial parks and provide on-site general and administrative support to tenants .the table below represents our equity investments in infraserv ventures as of december 31 , 2011: . | ownership % ( % )
infraserv gmbh & co . gendorf kg | 39
infraserv gmbh & co . knapsack kg | 27
infraserv gmbh & co . hoechst kg | 32 .
Question: what was the value of dividends received in 2011?
Steps: Ask for number 78
Answer: 78.0
Question: what was the value of dividends received in 2010?
Steps: Ask for number 71
Answer: 71.0
Question: what is the difference?
Steps: subtract(78, 71)
Answer: 7.0
Question: what was the value of dividends received in 2010?
| convfinqa2112 |
korea engineering plastics co. , ltd .founded in 1987 , kepco is the leading producer of pom in south korea .kepco is a venture between celanese's ticona business ( 50% ( 50 % ) ) , mitsubishi gas chemical company , inc .( 40% ( 40 % ) ) and mitsubishi corporation ( 10% ( 10 % ) ) .kepco has polyacetal production facilities in ulsan , south korea , compounding facilities for pbt and nylon in pyongtaek , south korea , and participates with polyplastics and mitsubishi gas chemical company , inc .in a world-scale pom facility in nantong , china .polyplastics co. , ltd .polyplastics is a leading supplier of engineered plastics in the asia-pacific region and is a venture between daicel chemical industries ltd. , japan ( 55% ( 55 % ) ) , and celanese's ticona business ( 45% ( 45 % ) ) .established in 1964 , polyplastics is a producer and marketer of pom and lcp in the asia-pacific region , with principal production facilities located in japan , taiwan , malaysia and china .fortron industries llc .fortron is a leading global producer of polyphenylene sulfide ( 201cpps 201d ) , sold under the fortron ae brand , which is used in a wide variety of automotive and other applications , especially those requiring heat and/or chemical resistance .established in 1992 , fortron is a limited liability company whose members are ticona fortron inc .( 50% ( 50 % ) ownership and a wholly-owned subsidiary of cna holdings , llc ) and kureha corporation ( 50% ( 50 % ) ownership and a wholly-owned subsidiary of kureha chemical industry co. , ltd .of japan ) .fortron's facility is located in wilmington , north carolina .this venture combines the sales , marketing , distribution , compounding and manufacturing expertise of celanese with the pps polymer technology expertise of kureha .china acetate strategic ventures .we hold an approximate 30% ( 30 % ) ownership interest in three separate acetate production ventures in china .these include the nantong cellulose fibers co .ltd. , kunming cellulose fibers co .ltd .and zhuhai cellulose fibers co .ltd .the china national tobacco corporation , the chinese state-owned tobacco entity , controls the remaining ownership interest in each of these ventures .with an estimated 30% ( 30 % ) share of the world's cigarette production and consumption , china is the world's largest and fastest growing area for acetate tow products according to the 2009 stanford research institute international chemical economics handbook .combined , these ventures are a leader in chinese domestic acetate production and are well positioned to supply chinese cigarette producers .in december 2009 , we announced plans with china national tobacco to expand our acetate flake and tow capacity at our venture's nantong facility and we received formal approval for the expansions , each by 30000 tons , during 2010 .since their inception in 1986 , the china acetate ventures have completed 12 expansions , leading to earnings growth and increased dividends .our chinese acetate ventures fund their operations using operating cash flow .during 2011 , we made contributions of $ 8 million related to the capacity expansions in nantong and have committed contributions of $ 9 million in 2012 .in 2010 , we made contributions of $ 12 million .our chinese acetate ventures pay a dividend in the second quarter of each fiscal year , based on the ventures' performance for the preceding year .in 2011 , 2010 and 2009 , we received cash dividends of $ 78 million , $ 71 million and $ 56 million , respectively .although our ownership interest in each of our china acetate ventures exceeds 20% ( 20 % ) , we account for these investments using the cost method of accounting because we determined that we cannot exercise significant influence over these entities due to local government investment in and influence over these entities , limitations on our involvement in the day-to-day operations and the present inability of the entities to provide timely financial information prepared in accordance with generally accepted accounting principles in the united states ( 201cus gaap 201d ) .2022 other equity method investments infraservs .we hold indirect ownership interests in several infraserv groups in germany that own and develop industrial parks and provide on-site general and administrative support to tenants .the table below represents our equity investments in infraserv ventures as of december 31 , 2011: . | ownership % ( % )
infraserv gmbh & co . gendorf kg | 39
infraserv gmbh & co . knapsack kg | 27
infraserv gmbh & co . hoechst kg | 32 .
Question: what was the value of dividends received in 2011?
Steps: Ask for number 78
Answer: 78.0
Question: what was the value of dividends received in 2010?
Steps: Ask for number 71
Answer: 71.0
Question: what is the difference?
Steps: subtract(78, 71)
Answer: 7.0
Question: what was the value of dividends received in 2010?
Steps: Ask for number 71
Answer: 71.0
Question: what is the percent change?
| 0.09859 | 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.
korea engineering plastics co. , ltd .founded in 1987 , kepco is the leading producer of pom in south korea .kepco is a venture between celanese's ticona business ( 50% ( 50 % ) ) , mitsubishi gas chemical company , inc .( 40% ( 40 % ) ) and mitsubishi corporation ( 10% ( 10 % ) ) .kepco has polyacetal production facilities in ulsan , south korea , compounding facilities for pbt and nylon in pyongtaek , south korea , and participates with polyplastics and mitsubishi gas chemical company , inc .in a world-scale pom facility in nantong , china .polyplastics co. , ltd .polyplastics is a leading supplier of engineered plastics in the asia-pacific region and is a venture between daicel chemical industries ltd. , japan ( 55% ( 55 % ) ) , and celanese's ticona business ( 45% ( 45 % ) ) .established in 1964 , polyplastics is a producer and marketer of pom and lcp in the asia-pacific region , with principal production facilities located in japan , taiwan , malaysia and china .fortron industries llc .fortron is a leading global producer of polyphenylene sulfide ( 201cpps 201d ) , sold under the fortron ae brand , which is used in a wide variety of automotive and other applications , especially those requiring heat and/or chemical resistance .established in 1992 , fortron is a limited liability company whose members are ticona fortron inc .( 50% ( 50 % ) ownership and a wholly-owned subsidiary of cna holdings , llc ) and kureha corporation ( 50% ( 50 % ) ownership and a wholly-owned subsidiary of kureha chemical industry co. , ltd .of japan ) .fortron's facility is located in wilmington , north carolina .this venture combines the sales , marketing , distribution , compounding and manufacturing expertise of celanese with the pps polymer technology expertise of kureha .china acetate strategic ventures .we hold an approximate 30% ( 30 % ) ownership interest in three separate acetate production ventures in china .these include the nantong cellulose fibers co .ltd. , kunming cellulose fibers co .ltd .and zhuhai cellulose fibers co .ltd .the china national tobacco corporation , the chinese state-owned tobacco entity , controls the remaining ownership interest in each of these ventures .with an estimated 30% ( 30 % ) share of the world's cigarette production and consumption , china is the world's largest and fastest growing area for acetate tow products according to the 2009 stanford research institute international chemical economics handbook .combined , these ventures are a leader in chinese domestic acetate production and are well positioned to supply chinese cigarette producers .in december 2009 , we announced plans with china national tobacco to expand our acetate flake and tow capacity at our venture's nantong facility and we received formal approval for the expansions , each by 30000 tons , during 2010 .since their inception in 1986 , the china acetate ventures have completed 12 expansions , leading to earnings growth and increased dividends .our chinese acetate ventures fund their operations using operating cash flow .during 2011 , we made contributions of $ 8 million related to the capacity expansions in nantong and have committed contributions of $ 9 million in 2012 .in 2010 , we made contributions of $ 12 million .our chinese acetate ventures pay a dividend in the second quarter of each fiscal year , based on the ventures' performance for the preceding year .in 2011 , 2010 and 2009 , we received cash dividends of $ 78 million , $ 71 million and $ 56 million , respectively .although our ownership interest in each of our china acetate ventures exceeds 20% ( 20 % ) , we account for these investments using the cost method of accounting because we determined that we cannot exercise significant influence over these entities due to local government investment in and influence over these entities , limitations on our involvement in the day-to-day operations and the present inability of the entities to provide timely financial information prepared in accordance with generally accepted accounting principles in the united states ( 201cus gaap 201d ) .2022 other equity method investments infraservs .we hold indirect ownership interests in several infraserv groups in germany that own and develop industrial parks and provide on-site general and administrative support to tenants .the table below represents our equity investments in infraserv ventures as of december 31 , 2011: . | ownership % ( % )
infraserv gmbh & co . gendorf kg | 39
infraserv gmbh & co . knapsack kg | 27
infraserv gmbh & co . hoechst kg | 32 .
Question: what was the value of dividends received in 2011?
Steps: Ask for number 78
Answer: 78.0
Question: what was the value of dividends received in 2010?
Steps: Ask for number 71
Answer: 71.0
Question: what is the difference?
Steps: subtract(78, 71)
Answer: 7.0
Question: what was the value of dividends received in 2010?
Steps: Ask for number 71
Answer: 71.0
Question: what is the percent change?
| convfinqa2113 |
management 2019s discussion and analysis fully phased-in capital ratios the table below presents our estimated ratio of cet1 to rwas calculated under the basel iii advanced rules and the standardized capital rules on a fully phased-in basis. . $ in millions | as of december 2014 | as of december 2013
common shareholders 2019 equity | $ 73597 | $ 71267
deductions for goodwill and identifiable intangible assets net of deferred tax liabilities | -3196 ( 3196 ) | -3468 ( 3468 )
deductions for investments in nonconsolidated financial institutions | -4928 ( 4928 ) | -9091 ( 9091 )
other adjustments | -1213 ( 1213 ) | -489 ( 489 )
cet1 | $ 64260 | $ 58219
basel iii advanced rwas | $ 577869 | $ 594662
basel iii advanced cet1 ratio | 11.1% ( 11.1 % ) | 9.8% ( 9.8 % )
standardized rwas | $ 627444 | $ 635092
standardized cet1 ratio | 10.2% ( 10.2 % ) | 9.2% ( 9.2 % ) although the fully phased-in capital ratios are not applicable until 2019 , we believe that the estimated ratios in the table above are meaningful because they are measures that we , our regulators and investors use to assess our ability to meet future regulatory capital requirements .the estimated fully phased-in basel iii advanced and standardized cet1 ratios are non-gaap measures as of both december 2014 and december 2013 and may not be comparable to similar non-gaap measures used by other companies ( as of those dates ) .these estimated ratios are based on our current interpretation , expectations and understanding of the revised capital framework and may evolve as we discuss its interpretation and application with our regulators .see note 20 to the consolidated financial statements for information about our transitional capital ratios , which represent our binding ratios as of december 2014 .in the table above : 2030 the deduction for goodwill and identifiable intangible assets , net of deferred tax liabilities , represents goodwill of $ 3.65 billion and $ 3.71 billion as of december 2014 and december 2013 , respectively , and identifiable intangible assets of $ 515 million and $ 671 million as of december 2014 and december 2013 , respectively , net of associated deferred tax liabilities of $ 964 million and $ 908 million as of december 2014 and december 2013 , respectively .2030 the deduction for investments in nonconsolidated financial institutions represents the amount by which our investments in the capital of nonconsolidated financial institutions exceed certain prescribed thresholds .the decrease from december 2013 to december 2014 primarily reflects reductions in our fund investments .2030 other adjustments primarily include the overfunded portion of our defined benefit pension plan obligation , net of associated deferred tax liabilities , and disallowed deferred tax assets , credit valuation adjustments on derivative liabilities and debt valuation adjustments , as well as other required credit risk-based deductions .supplementary leverage ratio the revised capital framework introduces a new supplementary leverage ratio for advanced approach banking organizations .under amendments to the revised capital framework , the u.s .federal bank regulatory agencies approved a final rule that implements the supplementary leverage ratio aligned with the definition of leverage established by the basel committee .the supplementary leverage ratio compares tier 1 capital to a measure of leverage exposure , defined as the sum of our quarterly average assets less certain deductions plus certain off-balance-sheet exposures , including a measure of derivatives exposures and commitments .the revised capital framework requires a minimum supplementary leverage ratio of 5.0% ( 5.0 % ) ( comprised of the minimum requirement of 3.0% ( 3.0 % ) and a 2.0% ( 2.0 % ) buffer ) for u.s .banks deemed to be g-sibs , effective on january 1 , 2018 .certain disclosures regarding the supplementary leverage ratio are required beginning in the first quarter of 2015 .as of december 2014 , our estimated supplementary leverage ratio was 5.0% ( 5.0 % ) , including tier 1 capital on a fully phased-in basis of $ 73.17 billion ( cet1 of $ 64.26 billion plus perpetual non-cumulative preferred stock of $ 9.20 billion less other adjustments of $ 290 million ) divided by total leverage exposure of $ 1.45 trillion ( total quarterly average assets of $ 873 billion plus adjustments of $ 579 billion , primarily comprised of off-balance-sheet exposure related to derivatives and commitments ) .we believe that the estimated supplementary leverage ratio is meaningful because it is a measure that we , our regulators and investors use to assess our ability to meet future regulatory capital requirements .the supplementary leverage ratio is a non-gaap measure and may not be comparable to similar non-gaap measures used by other companies .this estimated supplementary leverage ratio is based on our current interpretation and understanding of the u.s .federal bank regulatory agencies 2019 final rule and may evolve as we discuss its interpretation and application with our regulators .60 goldman sachs 2014 annual report .
Question: what was the balance of common shareholders by the end of 2014?
| 73597.0 | 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.
management 2019s discussion and analysis fully phased-in capital ratios the table below presents our estimated ratio of cet1 to rwas calculated under the basel iii advanced rules and the standardized capital rules on a fully phased-in basis. . $ in millions | as of december 2014 | as of december 2013
common shareholders 2019 equity | $ 73597 | $ 71267
deductions for goodwill and identifiable intangible assets net of deferred tax liabilities | -3196 ( 3196 ) | -3468 ( 3468 )
deductions for investments in nonconsolidated financial institutions | -4928 ( 4928 ) | -9091 ( 9091 )
other adjustments | -1213 ( 1213 ) | -489 ( 489 )
cet1 | $ 64260 | $ 58219
basel iii advanced rwas | $ 577869 | $ 594662
basel iii advanced cet1 ratio | 11.1% ( 11.1 % ) | 9.8% ( 9.8 % )
standardized rwas | $ 627444 | $ 635092
standardized cet1 ratio | 10.2% ( 10.2 % ) | 9.2% ( 9.2 % ) although the fully phased-in capital ratios are not applicable until 2019 , we believe that the estimated ratios in the table above are meaningful because they are measures that we , our regulators and investors use to assess our ability to meet future regulatory capital requirements .the estimated fully phased-in basel iii advanced and standardized cet1 ratios are non-gaap measures as of both december 2014 and december 2013 and may not be comparable to similar non-gaap measures used by other companies ( as of those dates ) .these estimated ratios are based on our current interpretation , expectations and understanding of the revised capital framework and may evolve as we discuss its interpretation and application with our regulators .see note 20 to the consolidated financial statements for information about our transitional capital ratios , which represent our binding ratios as of december 2014 .in the table above : 2030 the deduction for goodwill and identifiable intangible assets , net of deferred tax liabilities , represents goodwill of $ 3.65 billion and $ 3.71 billion as of december 2014 and december 2013 , respectively , and identifiable intangible assets of $ 515 million and $ 671 million as of december 2014 and december 2013 , respectively , net of associated deferred tax liabilities of $ 964 million and $ 908 million as of december 2014 and december 2013 , respectively .2030 the deduction for investments in nonconsolidated financial institutions represents the amount by which our investments in the capital of nonconsolidated financial institutions exceed certain prescribed thresholds .the decrease from december 2013 to december 2014 primarily reflects reductions in our fund investments .2030 other adjustments primarily include the overfunded portion of our defined benefit pension plan obligation , net of associated deferred tax liabilities , and disallowed deferred tax assets , credit valuation adjustments on derivative liabilities and debt valuation adjustments , as well as other required credit risk-based deductions .supplementary leverage ratio the revised capital framework introduces a new supplementary leverage ratio for advanced approach banking organizations .under amendments to the revised capital framework , the u.s .federal bank regulatory agencies approved a final rule that implements the supplementary leverage ratio aligned with the definition of leverage established by the basel committee .the supplementary leverage ratio compares tier 1 capital to a measure of leverage exposure , defined as the sum of our quarterly average assets less certain deductions plus certain off-balance-sheet exposures , including a measure of derivatives exposures and commitments .the revised capital framework requires a minimum supplementary leverage ratio of 5.0% ( 5.0 % ) ( comprised of the minimum requirement of 3.0% ( 3.0 % ) and a 2.0% ( 2.0 % ) buffer ) for u.s .banks deemed to be g-sibs , effective on january 1 , 2018 .certain disclosures regarding the supplementary leverage ratio are required beginning in the first quarter of 2015 .as of december 2014 , our estimated supplementary leverage ratio was 5.0% ( 5.0 % ) , including tier 1 capital on a fully phased-in basis of $ 73.17 billion ( cet1 of $ 64.26 billion plus perpetual non-cumulative preferred stock of $ 9.20 billion less other adjustments of $ 290 million ) divided by total leverage exposure of $ 1.45 trillion ( total quarterly average assets of $ 873 billion plus adjustments of $ 579 billion , primarily comprised of off-balance-sheet exposure related to derivatives and commitments ) .we believe that the estimated supplementary leverage ratio is meaningful because it is a measure that we , our regulators and investors use to assess our ability to meet future regulatory capital requirements .the supplementary leverage ratio is a non-gaap measure and may not be comparable to similar non-gaap measures used by other companies .this estimated supplementary leverage ratio is based on our current interpretation and understanding of the u.s .federal bank regulatory agencies 2019 final rule and may evolve as we discuss its interpretation and application with our regulators .60 goldman sachs 2014 annual report .
Question: what was the balance of common shareholders by the end of 2014?
| convfinqa2114 |
management 2019s discussion and analysis fully phased-in capital ratios the table below presents our estimated ratio of cet1 to rwas calculated under the basel iii advanced rules and the standardized capital rules on a fully phased-in basis. . $ in millions | as of december 2014 | as of december 2013
common shareholders 2019 equity | $ 73597 | $ 71267
deductions for goodwill and identifiable intangible assets net of deferred tax liabilities | -3196 ( 3196 ) | -3468 ( 3468 )
deductions for investments in nonconsolidated financial institutions | -4928 ( 4928 ) | -9091 ( 9091 )
other adjustments | -1213 ( 1213 ) | -489 ( 489 )
cet1 | $ 64260 | $ 58219
basel iii advanced rwas | $ 577869 | $ 594662
basel iii advanced cet1 ratio | 11.1% ( 11.1 % ) | 9.8% ( 9.8 % )
standardized rwas | $ 627444 | $ 635092
standardized cet1 ratio | 10.2% ( 10.2 % ) | 9.2% ( 9.2 % ) although the fully phased-in capital ratios are not applicable until 2019 , we believe that the estimated ratios in the table above are meaningful because they are measures that we , our regulators and investors use to assess our ability to meet future regulatory capital requirements .the estimated fully phased-in basel iii advanced and standardized cet1 ratios are non-gaap measures as of both december 2014 and december 2013 and may not be comparable to similar non-gaap measures used by other companies ( as of those dates ) .these estimated ratios are based on our current interpretation , expectations and understanding of the revised capital framework and may evolve as we discuss its interpretation and application with our regulators .see note 20 to the consolidated financial statements for information about our transitional capital ratios , which represent our binding ratios as of december 2014 .in the table above : 2030 the deduction for goodwill and identifiable intangible assets , net of deferred tax liabilities , represents goodwill of $ 3.65 billion and $ 3.71 billion as of december 2014 and december 2013 , respectively , and identifiable intangible assets of $ 515 million and $ 671 million as of december 2014 and december 2013 , respectively , net of associated deferred tax liabilities of $ 964 million and $ 908 million as of december 2014 and december 2013 , respectively .2030 the deduction for investments in nonconsolidated financial institutions represents the amount by which our investments in the capital of nonconsolidated financial institutions exceed certain prescribed thresholds .the decrease from december 2013 to december 2014 primarily reflects reductions in our fund investments .2030 other adjustments primarily include the overfunded portion of our defined benefit pension plan obligation , net of associated deferred tax liabilities , and disallowed deferred tax assets , credit valuation adjustments on derivative liabilities and debt valuation adjustments , as well as other required credit risk-based deductions .supplementary leverage ratio the revised capital framework introduces a new supplementary leverage ratio for advanced approach banking organizations .under amendments to the revised capital framework , the u.s .federal bank regulatory agencies approved a final rule that implements the supplementary leverage ratio aligned with the definition of leverage established by the basel committee .the supplementary leverage ratio compares tier 1 capital to a measure of leverage exposure , defined as the sum of our quarterly average assets less certain deductions plus certain off-balance-sheet exposures , including a measure of derivatives exposures and commitments .the revised capital framework requires a minimum supplementary leverage ratio of 5.0% ( 5.0 % ) ( comprised of the minimum requirement of 3.0% ( 3.0 % ) and a 2.0% ( 2.0 % ) buffer ) for u.s .banks deemed to be g-sibs , effective on january 1 , 2018 .certain disclosures regarding the supplementary leverage ratio are required beginning in the first quarter of 2015 .as of december 2014 , our estimated supplementary leverage ratio was 5.0% ( 5.0 % ) , including tier 1 capital on a fully phased-in basis of $ 73.17 billion ( cet1 of $ 64.26 billion plus perpetual non-cumulative preferred stock of $ 9.20 billion less other adjustments of $ 290 million ) divided by total leverage exposure of $ 1.45 trillion ( total quarterly average assets of $ 873 billion plus adjustments of $ 579 billion , primarily comprised of off-balance-sheet exposure related to derivatives and commitments ) .we believe that the estimated supplementary leverage ratio is meaningful because it is a measure that we , our regulators and investors use to assess our ability to meet future regulatory capital requirements .the supplementary leverage ratio is a non-gaap measure and may not be comparable to similar non-gaap measures used by other companies .this estimated supplementary leverage ratio is based on our current interpretation and understanding of the u.s .federal bank regulatory agencies 2019 final rule and may evolve as we discuss its interpretation and application with our regulators .60 goldman sachs 2014 annual report .
Question: what was the balance of common shareholders by the end of 2014?
Steps: Ask for number 73597
Answer: 73597.0
Question: and what was it at the beginning of the year?
| 71267.0 | 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.
management 2019s discussion and analysis fully phased-in capital ratios the table below presents our estimated ratio of cet1 to rwas calculated under the basel iii advanced rules and the standardized capital rules on a fully phased-in basis. . $ in millions | as of december 2014 | as of december 2013
common shareholders 2019 equity | $ 73597 | $ 71267
deductions for goodwill and identifiable intangible assets net of deferred tax liabilities | -3196 ( 3196 ) | -3468 ( 3468 )
deductions for investments in nonconsolidated financial institutions | -4928 ( 4928 ) | -9091 ( 9091 )
other adjustments | -1213 ( 1213 ) | -489 ( 489 )
cet1 | $ 64260 | $ 58219
basel iii advanced rwas | $ 577869 | $ 594662
basel iii advanced cet1 ratio | 11.1% ( 11.1 % ) | 9.8% ( 9.8 % )
standardized rwas | $ 627444 | $ 635092
standardized cet1 ratio | 10.2% ( 10.2 % ) | 9.2% ( 9.2 % ) although the fully phased-in capital ratios are not applicable until 2019 , we believe that the estimated ratios in the table above are meaningful because they are measures that we , our regulators and investors use to assess our ability to meet future regulatory capital requirements .the estimated fully phased-in basel iii advanced and standardized cet1 ratios are non-gaap measures as of both december 2014 and december 2013 and may not be comparable to similar non-gaap measures used by other companies ( as of those dates ) .these estimated ratios are based on our current interpretation , expectations and understanding of the revised capital framework and may evolve as we discuss its interpretation and application with our regulators .see note 20 to the consolidated financial statements for information about our transitional capital ratios , which represent our binding ratios as of december 2014 .in the table above : 2030 the deduction for goodwill and identifiable intangible assets , net of deferred tax liabilities , represents goodwill of $ 3.65 billion and $ 3.71 billion as of december 2014 and december 2013 , respectively , and identifiable intangible assets of $ 515 million and $ 671 million as of december 2014 and december 2013 , respectively , net of associated deferred tax liabilities of $ 964 million and $ 908 million as of december 2014 and december 2013 , respectively .2030 the deduction for investments in nonconsolidated financial institutions represents the amount by which our investments in the capital of nonconsolidated financial institutions exceed certain prescribed thresholds .the decrease from december 2013 to december 2014 primarily reflects reductions in our fund investments .2030 other adjustments primarily include the overfunded portion of our defined benefit pension plan obligation , net of associated deferred tax liabilities , and disallowed deferred tax assets , credit valuation adjustments on derivative liabilities and debt valuation adjustments , as well as other required credit risk-based deductions .supplementary leverage ratio the revised capital framework introduces a new supplementary leverage ratio for advanced approach banking organizations .under amendments to the revised capital framework , the u.s .federal bank regulatory agencies approved a final rule that implements the supplementary leverage ratio aligned with the definition of leverage established by the basel committee .the supplementary leverage ratio compares tier 1 capital to a measure of leverage exposure , defined as the sum of our quarterly average assets less certain deductions plus certain off-balance-sheet exposures , including a measure of derivatives exposures and commitments .the revised capital framework requires a minimum supplementary leverage ratio of 5.0% ( 5.0 % ) ( comprised of the minimum requirement of 3.0% ( 3.0 % ) and a 2.0% ( 2.0 % ) buffer ) for u.s .banks deemed to be g-sibs , effective on january 1 , 2018 .certain disclosures regarding the supplementary leverage ratio are required beginning in the first quarter of 2015 .as of december 2014 , our estimated supplementary leverage ratio was 5.0% ( 5.0 % ) , including tier 1 capital on a fully phased-in basis of $ 73.17 billion ( cet1 of $ 64.26 billion plus perpetual non-cumulative preferred stock of $ 9.20 billion less other adjustments of $ 290 million ) divided by total leverage exposure of $ 1.45 trillion ( total quarterly average assets of $ 873 billion plus adjustments of $ 579 billion , primarily comprised of off-balance-sheet exposure related to derivatives and commitments ) .we believe that the estimated supplementary leverage ratio is meaningful because it is a measure that we , our regulators and investors use to assess our ability to meet future regulatory capital requirements .the supplementary leverage ratio is a non-gaap measure and may not be comparable to similar non-gaap measures used by other companies .this estimated supplementary leverage ratio is based on our current interpretation and understanding of the u.s .federal bank regulatory agencies 2019 final rule and may evolve as we discuss its interpretation and application with our regulators .60 goldman sachs 2014 annual report .
Question: what was the balance of common shareholders by the end of 2014?
Steps: Ask for number 73597
Answer: 73597.0
Question: and what was it at the beginning of the year?
| convfinqa2115 |
management 2019s discussion and analysis fully phased-in capital ratios the table below presents our estimated ratio of cet1 to rwas calculated under the basel iii advanced rules and the standardized capital rules on a fully phased-in basis. . $ in millions | as of december 2014 | as of december 2013
common shareholders 2019 equity | $ 73597 | $ 71267
deductions for goodwill and identifiable intangible assets net of deferred tax liabilities | -3196 ( 3196 ) | -3468 ( 3468 )
deductions for investments in nonconsolidated financial institutions | -4928 ( 4928 ) | -9091 ( 9091 )
other adjustments | -1213 ( 1213 ) | -489 ( 489 )
cet1 | $ 64260 | $ 58219
basel iii advanced rwas | $ 577869 | $ 594662
basel iii advanced cet1 ratio | 11.1% ( 11.1 % ) | 9.8% ( 9.8 % )
standardized rwas | $ 627444 | $ 635092
standardized cet1 ratio | 10.2% ( 10.2 % ) | 9.2% ( 9.2 % ) although the fully phased-in capital ratios are not applicable until 2019 , we believe that the estimated ratios in the table above are meaningful because they are measures that we , our regulators and investors use to assess our ability to meet future regulatory capital requirements .the estimated fully phased-in basel iii advanced and standardized cet1 ratios are non-gaap measures as of both december 2014 and december 2013 and may not be comparable to similar non-gaap measures used by other companies ( as of those dates ) .these estimated ratios are based on our current interpretation , expectations and understanding of the revised capital framework and may evolve as we discuss its interpretation and application with our regulators .see note 20 to the consolidated financial statements for information about our transitional capital ratios , which represent our binding ratios as of december 2014 .in the table above : 2030 the deduction for goodwill and identifiable intangible assets , net of deferred tax liabilities , represents goodwill of $ 3.65 billion and $ 3.71 billion as of december 2014 and december 2013 , respectively , and identifiable intangible assets of $ 515 million and $ 671 million as of december 2014 and december 2013 , respectively , net of associated deferred tax liabilities of $ 964 million and $ 908 million as of december 2014 and december 2013 , respectively .2030 the deduction for investments in nonconsolidated financial institutions represents the amount by which our investments in the capital of nonconsolidated financial institutions exceed certain prescribed thresholds .the decrease from december 2013 to december 2014 primarily reflects reductions in our fund investments .2030 other adjustments primarily include the overfunded portion of our defined benefit pension plan obligation , net of associated deferred tax liabilities , and disallowed deferred tax assets , credit valuation adjustments on derivative liabilities and debt valuation adjustments , as well as other required credit risk-based deductions .supplementary leverage ratio the revised capital framework introduces a new supplementary leverage ratio for advanced approach banking organizations .under amendments to the revised capital framework , the u.s .federal bank regulatory agencies approved a final rule that implements the supplementary leverage ratio aligned with the definition of leverage established by the basel committee .the supplementary leverage ratio compares tier 1 capital to a measure of leverage exposure , defined as the sum of our quarterly average assets less certain deductions plus certain off-balance-sheet exposures , including a measure of derivatives exposures and commitments .the revised capital framework requires a minimum supplementary leverage ratio of 5.0% ( 5.0 % ) ( comprised of the minimum requirement of 3.0% ( 3.0 % ) and a 2.0% ( 2.0 % ) buffer ) for u.s .banks deemed to be g-sibs , effective on january 1 , 2018 .certain disclosures regarding the supplementary leverage ratio are required beginning in the first quarter of 2015 .as of december 2014 , our estimated supplementary leverage ratio was 5.0% ( 5.0 % ) , including tier 1 capital on a fully phased-in basis of $ 73.17 billion ( cet1 of $ 64.26 billion plus perpetual non-cumulative preferred stock of $ 9.20 billion less other adjustments of $ 290 million ) divided by total leverage exposure of $ 1.45 trillion ( total quarterly average assets of $ 873 billion plus adjustments of $ 579 billion , primarily comprised of off-balance-sheet exposure related to derivatives and commitments ) .we believe that the estimated supplementary leverage ratio is meaningful because it is a measure that we , our regulators and investors use to assess our ability to meet future regulatory capital requirements .the supplementary leverage ratio is a non-gaap measure and may not be comparable to similar non-gaap measures used by other companies .this estimated supplementary leverage ratio is based on our current interpretation and understanding of the u.s .federal bank regulatory agencies 2019 final rule and may evolve as we discuss its interpretation and application with our regulators .60 goldman sachs 2014 annual report .
Question: what was the balance of common shareholders by the end of 2014?
Steps: Ask for number 73597
Answer: 73597.0
Question: and what was it at the beginning of the year?
Steps: Ask for number 71267
Answer: 71267.0
Question: what was, then, the variation over the year?
| 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.
management 2019s discussion and analysis fully phased-in capital ratios the table below presents our estimated ratio of cet1 to rwas calculated under the basel iii advanced rules and the standardized capital rules on a fully phased-in basis. . $ in millions | as of december 2014 | as of december 2013
common shareholders 2019 equity | $ 73597 | $ 71267
deductions for goodwill and identifiable intangible assets net of deferred tax liabilities | -3196 ( 3196 ) | -3468 ( 3468 )
deductions for investments in nonconsolidated financial institutions | -4928 ( 4928 ) | -9091 ( 9091 )
other adjustments | -1213 ( 1213 ) | -489 ( 489 )
cet1 | $ 64260 | $ 58219
basel iii advanced rwas | $ 577869 | $ 594662
basel iii advanced cet1 ratio | 11.1% ( 11.1 % ) | 9.8% ( 9.8 % )
standardized rwas | $ 627444 | $ 635092
standardized cet1 ratio | 10.2% ( 10.2 % ) | 9.2% ( 9.2 % ) although the fully phased-in capital ratios are not applicable until 2019 , we believe that the estimated ratios in the table above are meaningful because they are measures that we , our regulators and investors use to assess our ability to meet future regulatory capital requirements .the estimated fully phased-in basel iii advanced and standardized cet1 ratios are non-gaap measures as of both december 2014 and december 2013 and may not be comparable to similar non-gaap measures used by other companies ( as of those dates ) .these estimated ratios are based on our current interpretation , expectations and understanding of the revised capital framework and may evolve as we discuss its interpretation and application with our regulators .see note 20 to the consolidated financial statements for information about our transitional capital ratios , which represent our binding ratios as of december 2014 .in the table above : 2030 the deduction for goodwill and identifiable intangible assets , net of deferred tax liabilities , represents goodwill of $ 3.65 billion and $ 3.71 billion as of december 2014 and december 2013 , respectively , and identifiable intangible assets of $ 515 million and $ 671 million as of december 2014 and december 2013 , respectively , net of associated deferred tax liabilities of $ 964 million and $ 908 million as of december 2014 and december 2013 , respectively .2030 the deduction for investments in nonconsolidated financial institutions represents the amount by which our investments in the capital of nonconsolidated financial institutions exceed certain prescribed thresholds .the decrease from december 2013 to december 2014 primarily reflects reductions in our fund investments .2030 other adjustments primarily include the overfunded portion of our defined benefit pension plan obligation , net of associated deferred tax liabilities , and disallowed deferred tax assets , credit valuation adjustments on derivative liabilities and debt valuation adjustments , as well as other required credit risk-based deductions .supplementary leverage ratio the revised capital framework introduces a new supplementary leverage ratio for advanced approach banking organizations .under amendments to the revised capital framework , the u.s .federal bank regulatory agencies approved a final rule that implements the supplementary leverage ratio aligned with the definition of leverage established by the basel committee .the supplementary leverage ratio compares tier 1 capital to a measure of leverage exposure , defined as the sum of our quarterly average assets less certain deductions plus certain off-balance-sheet exposures , including a measure of derivatives exposures and commitments .the revised capital framework requires a minimum supplementary leverage ratio of 5.0% ( 5.0 % ) ( comprised of the minimum requirement of 3.0% ( 3.0 % ) and a 2.0% ( 2.0 % ) buffer ) for u.s .banks deemed to be g-sibs , effective on january 1 , 2018 .certain disclosures regarding the supplementary leverage ratio are required beginning in the first quarter of 2015 .as of december 2014 , our estimated supplementary leverage ratio was 5.0% ( 5.0 % ) , including tier 1 capital on a fully phased-in basis of $ 73.17 billion ( cet1 of $ 64.26 billion plus perpetual non-cumulative preferred stock of $ 9.20 billion less other adjustments of $ 290 million ) divided by total leverage exposure of $ 1.45 trillion ( total quarterly average assets of $ 873 billion plus adjustments of $ 579 billion , primarily comprised of off-balance-sheet exposure related to derivatives and commitments ) .we believe that the estimated supplementary leverage ratio is meaningful because it is a measure that we , our regulators and investors use to assess our ability to meet future regulatory capital requirements .the supplementary leverage ratio is a non-gaap measure and may not be comparable to similar non-gaap measures used by other companies .this estimated supplementary leverage ratio is based on our current interpretation and understanding of the u.s .federal bank regulatory agencies 2019 final rule and may evolve as we discuss its interpretation and application with our regulators .60 goldman sachs 2014 annual report .
Question: what was the balance of common shareholders by the end of 2014?
Steps: Ask for number 73597
Answer: 73597.0
Question: and what was it at the beginning of the year?
Steps: Ask for number 71267
Answer: 71267.0
Question: what was, then, the variation over the year?
| convfinqa2116 |
management 2019s discussion and analysis fully phased-in capital ratios the table below presents our estimated ratio of cet1 to rwas calculated under the basel iii advanced rules and the standardized capital rules on a fully phased-in basis. . $ in millions | as of december 2014 | as of december 2013
common shareholders 2019 equity | $ 73597 | $ 71267
deductions for goodwill and identifiable intangible assets net of deferred tax liabilities | -3196 ( 3196 ) | -3468 ( 3468 )
deductions for investments in nonconsolidated financial institutions | -4928 ( 4928 ) | -9091 ( 9091 )
other adjustments | -1213 ( 1213 ) | -489 ( 489 )
cet1 | $ 64260 | $ 58219
basel iii advanced rwas | $ 577869 | $ 594662
basel iii advanced cet1 ratio | 11.1% ( 11.1 % ) | 9.8% ( 9.8 % )
standardized rwas | $ 627444 | $ 635092
standardized cet1 ratio | 10.2% ( 10.2 % ) | 9.2% ( 9.2 % ) although the fully phased-in capital ratios are not applicable until 2019 , we believe that the estimated ratios in the table above are meaningful because they are measures that we , our regulators and investors use to assess our ability to meet future regulatory capital requirements .the estimated fully phased-in basel iii advanced and standardized cet1 ratios are non-gaap measures as of both december 2014 and december 2013 and may not be comparable to similar non-gaap measures used by other companies ( as of those dates ) .these estimated ratios are based on our current interpretation , expectations and understanding of the revised capital framework and may evolve as we discuss its interpretation and application with our regulators .see note 20 to the consolidated financial statements for information about our transitional capital ratios , which represent our binding ratios as of december 2014 .in the table above : 2030 the deduction for goodwill and identifiable intangible assets , net of deferred tax liabilities , represents goodwill of $ 3.65 billion and $ 3.71 billion as of december 2014 and december 2013 , respectively , and identifiable intangible assets of $ 515 million and $ 671 million as of december 2014 and december 2013 , respectively , net of associated deferred tax liabilities of $ 964 million and $ 908 million as of december 2014 and december 2013 , respectively .2030 the deduction for investments in nonconsolidated financial institutions represents the amount by which our investments in the capital of nonconsolidated financial institutions exceed certain prescribed thresholds .the decrease from december 2013 to december 2014 primarily reflects reductions in our fund investments .2030 other adjustments primarily include the overfunded portion of our defined benefit pension plan obligation , net of associated deferred tax liabilities , and disallowed deferred tax assets , credit valuation adjustments on derivative liabilities and debt valuation adjustments , as well as other required credit risk-based deductions .supplementary leverage ratio the revised capital framework introduces a new supplementary leverage ratio for advanced approach banking organizations .under amendments to the revised capital framework , the u.s .federal bank regulatory agencies approved a final rule that implements the supplementary leverage ratio aligned with the definition of leverage established by the basel committee .the supplementary leverage ratio compares tier 1 capital to a measure of leverage exposure , defined as the sum of our quarterly average assets less certain deductions plus certain off-balance-sheet exposures , including a measure of derivatives exposures and commitments .the revised capital framework requires a minimum supplementary leverage ratio of 5.0% ( 5.0 % ) ( comprised of the minimum requirement of 3.0% ( 3.0 % ) and a 2.0% ( 2.0 % ) buffer ) for u.s .banks deemed to be g-sibs , effective on january 1 , 2018 .certain disclosures regarding the supplementary leverage ratio are required beginning in the first quarter of 2015 .as of december 2014 , our estimated supplementary leverage ratio was 5.0% ( 5.0 % ) , including tier 1 capital on a fully phased-in basis of $ 73.17 billion ( cet1 of $ 64.26 billion plus perpetual non-cumulative preferred stock of $ 9.20 billion less other adjustments of $ 290 million ) divided by total leverage exposure of $ 1.45 trillion ( total quarterly average assets of $ 873 billion plus adjustments of $ 579 billion , primarily comprised of off-balance-sheet exposure related to derivatives and commitments ) .we believe that the estimated supplementary leverage ratio is meaningful because it is a measure that we , our regulators and investors use to assess our ability to meet future regulatory capital requirements .the supplementary leverage ratio is a non-gaap measure and may not be comparable to similar non-gaap measures used by other companies .this estimated supplementary leverage ratio is based on our current interpretation and understanding of the u.s .federal bank regulatory agencies 2019 final rule and may evolve as we discuss its interpretation and application with our regulators .60 goldman sachs 2014 annual report .
Question: what was the balance of common shareholders by the end of 2014?
Steps: Ask for number 73597
Answer: 73597.0
Question: and what was it at the beginning of the year?
Steps: Ask for number 71267
Answer: 71267.0
Question: what was, then, the variation over the year?
Steps: subtract(73597, 71267)
Answer: 2330.0
Question: and what is this variation as a percentage of the beginning balance?
| 0.03269 | 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.
management 2019s discussion and analysis fully phased-in capital ratios the table below presents our estimated ratio of cet1 to rwas calculated under the basel iii advanced rules and the standardized capital rules on a fully phased-in basis. . $ in millions | as of december 2014 | as of december 2013
common shareholders 2019 equity | $ 73597 | $ 71267
deductions for goodwill and identifiable intangible assets net of deferred tax liabilities | -3196 ( 3196 ) | -3468 ( 3468 )
deductions for investments in nonconsolidated financial institutions | -4928 ( 4928 ) | -9091 ( 9091 )
other adjustments | -1213 ( 1213 ) | -489 ( 489 )
cet1 | $ 64260 | $ 58219
basel iii advanced rwas | $ 577869 | $ 594662
basel iii advanced cet1 ratio | 11.1% ( 11.1 % ) | 9.8% ( 9.8 % )
standardized rwas | $ 627444 | $ 635092
standardized cet1 ratio | 10.2% ( 10.2 % ) | 9.2% ( 9.2 % ) although the fully phased-in capital ratios are not applicable until 2019 , we believe that the estimated ratios in the table above are meaningful because they are measures that we , our regulators and investors use to assess our ability to meet future regulatory capital requirements .the estimated fully phased-in basel iii advanced and standardized cet1 ratios are non-gaap measures as of both december 2014 and december 2013 and may not be comparable to similar non-gaap measures used by other companies ( as of those dates ) .these estimated ratios are based on our current interpretation , expectations and understanding of the revised capital framework and may evolve as we discuss its interpretation and application with our regulators .see note 20 to the consolidated financial statements for information about our transitional capital ratios , which represent our binding ratios as of december 2014 .in the table above : 2030 the deduction for goodwill and identifiable intangible assets , net of deferred tax liabilities , represents goodwill of $ 3.65 billion and $ 3.71 billion as of december 2014 and december 2013 , respectively , and identifiable intangible assets of $ 515 million and $ 671 million as of december 2014 and december 2013 , respectively , net of associated deferred tax liabilities of $ 964 million and $ 908 million as of december 2014 and december 2013 , respectively .2030 the deduction for investments in nonconsolidated financial institutions represents the amount by which our investments in the capital of nonconsolidated financial institutions exceed certain prescribed thresholds .the decrease from december 2013 to december 2014 primarily reflects reductions in our fund investments .2030 other adjustments primarily include the overfunded portion of our defined benefit pension plan obligation , net of associated deferred tax liabilities , and disallowed deferred tax assets , credit valuation adjustments on derivative liabilities and debt valuation adjustments , as well as other required credit risk-based deductions .supplementary leverage ratio the revised capital framework introduces a new supplementary leverage ratio for advanced approach banking organizations .under amendments to the revised capital framework , the u.s .federal bank regulatory agencies approved a final rule that implements the supplementary leverage ratio aligned with the definition of leverage established by the basel committee .the supplementary leverage ratio compares tier 1 capital to a measure of leverage exposure , defined as the sum of our quarterly average assets less certain deductions plus certain off-balance-sheet exposures , including a measure of derivatives exposures and commitments .the revised capital framework requires a minimum supplementary leverage ratio of 5.0% ( 5.0 % ) ( comprised of the minimum requirement of 3.0% ( 3.0 % ) and a 2.0% ( 2.0 % ) buffer ) for u.s .banks deemed to be g-sibs , effective on january 1 , 2018 .certain disclosures regarding the supplementary leverage ratio are required beginning in the first quarter of 2015 .as of december 2014 , our estimated supplementary leverage ratio was 5.0% ( 5.0 % ) , including tier 1 capital on a fully phased-in basis of $ 73.17 billion ( cet1 of $ 64.26 billion plus perpetual non-cumulative preferred stock of $ 9.20 billion less other adjustments of $ 290 million ) divided by total leverage exposure of $ 1.45 trillion ( total quarterly average assets of $ 873 billion plus adjustments of $ 579 billion , primarily comprised of off-balance-sheet exposure related to derivatives and commitments ) .we believe that the estimated supplementary leverage ratio is meaningful because it is a measure that we , our regulators and investors use to assess our ability to meet future regulatory capital requirements .the supplementary leverage ratio is a non-gaap measure and may not be comparable to similar non-gaap measures used by other companies .this estimated supplementary leverage ratio is based on our current interpretation and understanding of the u.s .federal bank regulatory agencies 2019 final rule and may evolve as we discuss its interpretation and application with our regulators .60 goldman sachs 2014 annual report .
Question: what was the balance of common shareholders by the end of 2014?
Steps: Ask for number 73597
Answer: 73597.0
Question: and what was it at the beginning of the year?
Steps: Ask for number 71267
Answer: 71267.0
Question: what was, then, the variation over the year?
Steps: subtract(73597, 71267)
Answer: 2330.0
Question: and what is this variation as a percentage of the beginning balance?
| convfinqa2117 |
management 2019s discussion and analysis fully phased-in capital ratios the table below presents our estimated ratio of cet1 to rwas calculated under the basel iii advanced rules and the standardized capital rules on a fully phased-in basis. . $ in millions | as of december 2014 | as of december 2013
common shareholders 2019 equity | $ 73597 | $ 71267
deductions for goodwill and identifiable intangible assets net of deferred tax liabilities | -3196 ( 3196 ) | -3468 ( 3468 )
deductions for investments in nonconsolidated financial institutions | -4928 ( 4928 ) | -9091 ( 9091 )
other adjustments | -1213 ( 1213 ) | -489 ( 489 )
cet1 | $ 64260 | $ 58219
basel iii advanced rwas | $ 577869 | $ 594662
basel iii advanced cet1 ratio | 11.1% ( 11.1 % ) | 9.8% ( 9.8 % )
standardized rwas | $ 627444 | $ 635092
standardized cet1 ratio | 10.2% ( 10.2 % ) | 9.2% ( 9.2 % ) although the fully phased-in capital ratios are not applicable until 2019 , we believe that the estimated ratios in the table above are meaningful because they are measures that we , our regulators and investors use to assess our ability to meet future regulatory capital requirements .the estimated fully phased-in basel iii advanced and standardized cet1 ratios are non-gaap measures as of both december 2014 and december 2013 and may not be comparable to similar non-gaap measures used by other companies ( as of those dates ) .these estimated ratios are based on our current interpretation , expectations and understanding of the revised capital framework and may evolve as we discuss its interpretation and application with our regulators .see note 20 to the consolidated financial statements for information about our transitional capital ratios , which represent our binding ratios as of december 2014 .in the table above : 2030 the deduction for goodwill and identifiable intangible assets , net of deferred tax liabilities , represents goodwill of $ 3.65 billion and $ 3.71 billion as of december 2014 and december 2013 , respectively , and identifiable intangible assets of $ 515 million and $ 671 million as of december 2014 and december 2013 , respectively , net of associated deferred tax liabilities of $ 964 million and $ 908 million as of december 2014 and december 2013 , respectively .2030 the deduction for investments in nonconsolidated financial institutions represents the amount by which our investments in the capital of nonconsolidated financial institutions exceed certain prescribed thresholds .the decrease from december 2013 to december 2014 primarily reflects reductions in our fund investments .2030 other adjustments primarily include the overfunded portion of our defined benefit pension plan obligation , net of associated deferred tax liabilities , and disallowed deferred tax assets , credit valuation adjustments on derivative liabilities and debt valuation adjustments , as well as other required credit risk-based deductions .supplementary leverage ratio the revised capital framework introduces a new supplementary leverage ratio for advanced approach banking organizations .under amendments to the revised capital framework , the u.s .federal bank regulatory agencies approved a final rule that implements the supplementary leverage ratio aligned with the definition of leverage established by the basel committee .the supplementary leverage ratio compares tier 1 capital to a measure of leverage exposure , defined as the sum of our quarterly average assets less certain deductions plus certain off-balance-sheet exposures , including a measure of derivatives exposures and commitments .the revised capital framework requires a minimum supplementary leverage ratio of 5.0% ( 5.0 % ) ( comprised of the minimum requirement of 3.0% ( 3.0 % ) and a 2.0% ( 2.0 % ) buffer ) for u.s .banks deemed to be g-sibs , effective on january 1 , 2018 .certain disclosures regarding the supplementary leverage ratio are required beginning in the first quarter of 2015 .as of december 2014 , our estimated supplementary leverage ratio was 5.0% ( 5.0 % ) , including tier 1 capital on a fully phased-in basis of $ 73.17 billion ( cet1 of $ 64.26 billion plus perpetual non-cumulative preferred stock of $ 9.20 billion less other adjustments of $ 290 million ) divided by total leverage exposure of $ 1.45 trillion ( total quarterly average assets of $ 873 billion plus adjustments of $ 579 billion , primarily comprised of off-balance-sheet exposure related to derivatives and commitments ) .we believe that the estimated supplementary leverage ratio is meaningful because it is a measure that we , our regulators and investors use to assess our ability to meet future regulatory capital requirements .the supplementary leverage ratio is a non-gaap measure and may not be comparable to similar non-gaap measures used by other companies .this estimated supplementary leverage ratio is based on our current interpretation and understanding of the u.s .federal bank regulatory agencies 2019 final rule and may evolve as we discuss its interpretation and application with our regulators .60 goldman sachs 2014 annual report .
Question: what was the balance of common shareholders by the end of 2014?
Steps: Ask for number 73597
Answer: 73597.0
Question: and what was it at the beginning of the year?
Steps: Ask for number 71267
Answer: 71267.0
Question: what was, then, the variation over the year?
Steps: subtract(73597, 71267)
Answer: 2330.0
Question: and what is this variation as a percentage of the beginning balance?
Steps: divide(#0, 71267)
Answer: 0.03269
Question: throughout that same year, what was the change in the standardized rwas?
| -7648.0 | 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.
management 2019s discussion and analysis fully phased-in capital ratios the table below presents our estimated ratio of cet1 to rwas calculated under the basel iii advanced rules and the standardized capital rules on a fully phased-in basis. . $ in millions | as of december 2014 | as of december 2013
common shareholders 2019 equity | $ 73597 | $ 71267
deductions for goodwill and identifiable intangible assets net of deferred tax liabilities | -3196 ( 3196 ) | -3468 ( 3468 )
deductions for investments in nonconsolidated financial institutions | -4928 ( 4928 ) | -9091 ( 9091 )
other adjustments | -1213 ( 1213 ) | -489 ( 489 )
cet1 | $ 64260 | $ 58219
basel iii advanced rwas | $ 577869 | $ 594662
basel iii advanced cet1 ratio | 11.1% ( 11.1 % ) | 9.8% ( 9.8 % )
standardized rwas | $ 627444 | $ 635092
standardized cet1 ratio | 10.2% ( 10.2 % ) | 9.2% ( 9.2 % ) although the fully phased-in capital ratios are not applicable until 2019 , we believe that the estimated ratios in the table above are meaningful because they are measures that we , our regulators and investors use to assess our ability to meet future regulatory capital requirements .the estimated fully phased-in basel iii advanced and standardized cet1 ratios are non-gaap measures as of both december 2014 and december 2013 and may not be comparable to similar non-gaap measures used by other companies ( as of those dates ) .these estimated ratios are based on our current interpretation , expectations and understanding of the revised capital framework and may evolve as we discuss its interpretation and application with our regulators .see note 20 to the consolidated financial statements for information about our transitional capital ratios , which represent our binding ratios as of december 2014 .in the table above : 2030 the deduction for goodwill and identifiable intangible assets , net of deferred tax liabilities , represents goodwill of $ 3.65 billion and $ 3.71 billion as of december 2014 and december 2013 , respectively , and identifiable intangible assets of $ 515 million and $ 671 million as of december 2014 and december 2013 , respectively , net of associated deferred tax liabilities of $ 964 million and $ 908 million as of december 2014 and december 2013 , respectively .2030 the deduction for investments in nonconsolidated financial institutions represents the amount by which our investments in the capital of nonconsolidated financial institutions exceed certain prescribed thresholds .the decrease from december 2013 to december 2014 primarily reflects reductions in our fund investments .2030 other adjustments primarily include the overfunded portion of our defined benefit pension plan obligation , net of associated deferred tax liabilities , and disallowed deferred tax assets , credit valuation adjustments on derivative liabilities and debt valuation adjustments , as well as other required credit risk-based deductions .supplementary leverage ratio the revised capital framework introduces a new supplementary leverage ratio for advanced approach banking organizations .under amendments to the revised capital framework , the u.s .federal bank regulatory agencies approved a final rule that implements the supplementary leverage ratio aligned with the definition of leverage established by the basel committee .the supplementary leverage ratio compares tier 1 capital to a measure of leverage exposure , defined as the sum of our quarterly average assets less certain deductions plus certain off-balance-sheet exposures , including a measure of derivatives exposures and commitments .the revised capital framework requires a minimum supplementary leverage ratio of 5.0% ( 5.0 % ) ( comprised of the minimum requirement of 3.0% ( 3.0 % ) and a 2.0% ( 2.0 % ) buffer ) for u.s .banks deemed to be g-sibs , effective on january 1 , 2018 .certain disclosures regarding the supplementary leverage ratio are required beginning in the first quarter of 2015 .as of december 2014 , our estimated supplementary leverage ratio was 5.0% ( 5.0 % ) , including tier 1 capital on a fully phased-in basis of $ 73.17 billion ( cet1 of $ 64.26 billion plus perpetual non-cumulative preferred stock of $ 9.20 billion less other adjustments of $ 290 million ) divided by total leverage exposure of $ 1.45 trillion ( total quarterly average assets of $ 873 billion plus adjustments of $ 579 billion , primarily comprised of off-balance-sheet exposure related to derivatives and commitments ) .we believe that the estimated supplementary leverage ratio is meaningful because it is a measure that we , our regulators and investors use to assess our ability to meet future regulatory capital requirements .the supplementary leverage ratio is a non-gaap measure and may not be comparable to similar non-gaap measures used by other companies .this estimated supplementary leverage ratio is based on our current interpretation and understanding of the u.s .federal bank regulatory agencies 2019 final rule and may evolve as we discuss its interpretation and application with our regulators .60 goldman sachs 2014 annual report .
Question: what was the balance of common shareholders by the end of 2014?
Steps: Ask for number 73597
Answer: 73597.0
Question: and what was it at the beginning of the year?
Steps: Ask for number 71267
Answer: 71267.0
Question: what was, then, the variation over the year?
Steps: subtract(73597, 71267)
Answer: 2330.0
Question: and what is this variation as a percentage of the beginning balance?
Steps: divide(#0, 71267)
Answer: 0.03269
Question: throughout that same year, what was the change in the standardized rwas?
| convfinqa2118 |
management 2019s discussion and analysis fully phased-in capital ratios the table below presents our estimated ratio of cet1 to rwas calculated under the basel iii advanced rules and the standardized capital rules on a fully phased-in basis. . $ in millions | as of december 2014 | as of december 2013
common shareholders 2019 equity | $ 73597 | $ 71267
deductions for goodwill and identifiable intangible assets net of deferred tax liabilities | -3196 ( 3196 ) | -3468 ( 3468 )
deductions for investments in nonconsolidated financial institutions | -4928 ( 4928 ) | -9091 ( 9091 )
other adjustments | -1213 ( 1213 ) | -489 ( 489 )
cet1 | $ 64260 | $ 58219
basel iii advanced rwas | $ 577869 | $ 594662
basel iii advanced cet1 ratio | 11.1% ( 11.1 % ) | 9.8% ( 9.8 % )
standardized rwas | $ 627444 | $ 635092
standardized cet1 ratio | 10.2% ( 10.2 % ) | 9.2% ( 9.2 % ) although the fully phased-in capital ratios are not applicable until 2019 , we believe that the estimated ratios in the table above are meaningful because they are measures that we , our regulators and investors use to assess our ability to meet future regulatory capital requirements .the estimated fully phased-in basel iii advanced and standardized cet1 ratios are non-gaap measures as of both december 2014 and december 2013 and may not be comparable to similar non-gaap measures used by other companies ( as of those dates ) .these estimated ratios are based on our current interpretation , expectations and understanding of the revised capital framework and may evolve as we discuss its interpretation and application with our regulators .see note 20 to the consolidated financial statements for information about our transitional capital ratios , which represent our binding ratios as of december 2014 .in the table above : 2030 the deduction for goodwill and identifiable intangible assets , net of deferred tax liabilities , represents goodwill of $ 3.65 billion and $ 3.71 billion as of december 2014 and december 2013 , respectively , and identifiable intangible assets of $ 515 million and $ 671 million as of december 2014 and december 2013 , respectively , net of associated deferred tax liabilities of $ 964 million and $ 908 million as of december 2014 and december 2013 , respectively .2030 the deduction for investments in nonconsolidated financial institutions represents the amount by which our investments in the capital of nonconsolidated financial institutions exceed certain prescribed thresholds .the decrease from december 2013 to december 2014 primarily reflects reductions in our fund investments .2030 other adjustments primarily include the overfunded portion of our defined benefit pension plan obligation , net of associated deferred tax liabilities , and disallowed deferred tax assets , credit valuation adjustments on derivative liabilities and debt valuation adjustments , as well as other required credit risk-based deductions .supplementary leverage ratio the revised capital framework introduces a new supplementary leverage ratio for advanced approach banking organizations .under amendments to the revised capital framework , the u.s .federal bank regulatory agencies approved a final rule that implements the supplementary leverage ratio aligned with the definition of leverage established by the basel committee .the supplementary leverage ratio compares tier 1 capital to a measure of leverage exposure , defined as the sum of our quarterly average assets less certain deductions plus certain off-balance-sheet exposures , including a measure of derivatives exposures and commitments .the revised capital framework requires a minimum supplementary leverage ratio of 5.0% ( 5.0 % ) ( comprised of the minimum requirement of 3.0% ( 3.0 % ) and a 2.0% ( 2.0 % ) buffer ) for u.s .banks deemed to be g-sibs , effective on january 1 , 2018 .certain disclosures regarding the supplementary leverage ratio are required beginning in the first quarter of 2015 .as of december 2014 , our estimated supplementary leverage ratio was 5.0% ( 5.0 % ) , including tier 1 capital on a fully phased-in basis of $ 73.17 billion ( cet1 of $ 64.26 billion plus perpetual non-cumulative preferred stock of $ 9.20 billion less other adjustments of $ 290 million ) divided by total leverage exposure of $ 1.45 trillion ( total quarterly average assets of $ 873 billion plus adjustments of $ 579 billion , primarily comprised of off-balance-sheet exposure related to derivatives and commitments ) .we believe that the estimated supplementary leverage ratio is meaningful because it is a measure that we , our regulators and investors use to assess our ability to meet future regulatory capital requirements .the supplementary leverage ratio is a non-gaap measure and may not be comparable to similar non-gaap measures used by other companies .this estimated supplementary leverage ratio is based on our current interpretation and understanding of the u.s .federal bank regulatory agencies 2019 final rule and may evolve as we discuss its interpretation and application with our regulators .60 goldman sachs 2014 annual report .
Question: what was the balance of common shareholders by the end of 2014?
Steps: Ask for number 73597
Answer: 73597.0
Question: and what was it at the beginning of the year?
Steps: Ask for number 71267
Answer: 71267.0
Question: what was, then, the variation over the year?
Steps: subtract(73597, 71267)
Answer: 2330.0
Question: and what is this variation as a percentage of the beginning balance?
Steps: divide(#0, 71267)
Answer: 0.03269
Question: throughout that same year, what was the change in the standardized rwas?
Steps: subtract(627444, 635092)
Answer: -7648.0
Question: and how much did this change represent in relation to that amount in 2013, in percentage?
| -0.01204 | 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.
management 2019s discussion and analysis fully phased-in capital ratios the table below presents our estimated ratio of cet1 to rwas calculated under the basel iii advanced rules and the standardized capital rules on a fully phased-in basis. . $ in millions | as of december 2014 | as of december 2013
common shareholders 2019 equity | $ 73597 | $ 71267
deductions for goodwill and identifiable intangible assets net of deferred tax liabilities | -3196 ( 3196 ) | -3468 ( 3468 )
deductions for investments in nonconsolidated financial institutions | -4928 ( 4928 ) | -9091 ( 9091 )
other adjustments | -1213 ( 1213 ) | -489 ( 489 )
cet1 | $ 64260 | $ 58219
basel iii advanced rwas | $ 577869 | $ 594662
basel iii advanced cet1 ratio | 11.1% ( 11.1 % ) | 9.8% ( 9.8 % )
standardized rwas | $ 627444 | $ 635092
standardized cet1 ratio | 10.2% ( 10.2 % ) | 9.2% ( 9.2 % ) although the fully phased-in capital ratios are not applicable until 2019 , we believe that the estimated ratios in the table above are meaningful because they are measures that we , our regulators and investors use to assess our ability to meet future regulatory capital requirements .the estimated fully phased-in basel iii advanced and standardized cet1 ratios are non-gaap measures as of both december 2014 and december 2013 and may not be comparable to similar non-gaap measures used by other companies ( as of those dates ) .these estimated ratios are based on our current interpretation , expectations and understanding of the revised capital framework and may evolve as we discuss its interpretation and application with our regulators .see note 20 to the consolidated financial statements for information about our transitional capital ratios , which represent our binding ratios as of december 2014 .in the table above : 2030 the deduction for goodwill and identifiable intangible assets , net of deferred tax liabilities , represents goodwill of $ 3.65 billion and $ 3.71 billion as of december 2014 and december 2013 , respectively , and identifiable intangible assets of $ 515 million and $ 671 million as of december 2014 and december 2013 , respectively , net of associated deferred tax liabilities of $ 964 million and $ 908 million as of december 2014 and december 2013 , respectively .2030 the deduction for investments in nonconsolidated financial institutions represents the amount by which our investments in the capital of nonconsolidated financial institutions exceed certain prescribed thresholds .the decrease from december 2013 to december 2014 primarily reflects reductions in our fund investments .2030 other adjustments primarily include the overfunded portion of our defined benefit pension plan obligation , net of associated deferred tax liabilities , and disallowed deferred tax assets , credit valuation adjustments on derivative liabilities and debt valuation adjustments , as well as other required credit risk-based deductions .supplementary leverage ratio the revised capital framework introduces a new supplementary leverage ratio for advanced approach banking organizations .under amendments to the revised capital framework , the u.s .federal bank regulatory agencies approved a final rule that implements the supplementary leverage ratio aligned with the definition of leverage established by the basel committee .the supplementary leverage ratio compares tier 1 capital to a measure of leverage exposure , defined as the sum of our quarterly average assets less certain deductions plus certain off-balance-sheet exposures , including a measure of derivatives exposures and commitments .the revised capital framework requires a minimum supplementary leverage ratio of 5.0% ( 5.0 % ) ( comprised of the minimum requirement of 3.0% ( 3.0 % ) and a 2.0% ( 2.0 % ) buffer ) for u.s .banks deemed to be g-sibs , effective on january 1 , 2018 .certain disclosures regarding the supplementary leverage ratio are required beginning in the first quarter of 2015 .as of december 2014 , our estimated supplementary leverage ratio was 5.0% ( 5.0 % ) , including tier 1 capital on a fully phased-in basis of $ 73.17 billion ( cet1 of $ 64.26 billion plus perpetual non-cumulative preferred stock of $ 9.20 billion less other adjustments of $ 290 million ) divided by total leverage exposure of $ 1.45 trillion ( total quarterly average assets of $ 873 billion plus adjustments of $ 579 billion , primarily comprised of off-balance-sheet exposure related to derivatives and commitments ) .we believe that the estimated supplementary leverage ratio is meaningful because it is a measure that we , our regulators and investors use to assess our ability to meet future regulatory capital requirements .the supplementary leverage ratio is a non-gaap measure and may not be comparable to similar non-gaap measures used by other companies .this estimated supplementary leverage ratio is based on our current interpretation and understanding of the u.s .federal bank regulatory agencies 2019 final rule and may evolve as we discuss its interpretation and application with our regulators .60 goldman sachs 2014 annual report .
Question: what was the balance of common shareholders by the end of 2014?
Steps: Ask for number 73597
Answer: 73597.0
Question: and what was it at the beginning of the year?
Steps: Ask for number 71267
Answer: 71267.0
Question: what was, then, the variation over the year?
Steps: subtract(73597, 71267)
Answer: 2330.0
Question: and what is this variation as a percentage of the beginning balance?
Steps: divide(#0, 71267)
Answer: 0.03269
Question: throughout that same year, what was the change in the standardized rwas?
Steps: subtract(627444, 635092)
Answer: -7648.0
Question: and how much did this change represent in relation to that amount in 2013, in percentage?
| convfinqa2119 |
performance graph the graph below compares the cumulative total shareholder return on pmi's common stock with the cumulative total return for the same period of pmi's peer group and the s&p 500 index .the graph assumes the investment of $ 100 as of december 31 , 2012 , in pmi common stock ( at prices quoted on the new york stock exchange ) and each of the indices as of the market close and reinvestment of dividends on a quarterly basis .date pmi pmi peer group ( 1 ) s&p 500 index . date | pmi | pmi peer group ( 1 ) | s&p 500 index
december 31 2012 | $ 100.00 | $ 100.00 | $ 100.00
december 31 2013 | $ 108.50 | $ 122.80 | $ 132.40
december 31 2014 | $ 106.20 | $ 132.50 | $ 150.50
december 31 2015 | $ 120.40 | $ 143.50 | $ 152.60
december 31 2016 | $ 130.80 | $ 145.60 | $ 170.80
december 31 2017 | $ 156.80 | $ 172.70 | $ 208.10 ( 1 ) the pmi peer group presented in this graph is the same as that used in the prior year , except reynolds american inc .was removed following the completion of its acquisition by british american tobacco p.l.c .on july 25 , 2017 .the pmi peer group was established based on a review of four characteristics : global presence ; a focus on consumer products ; and net revenues and a market capitalization of a similar size to those of pmi .the review also considered the primary international tobacco companies .as a result of this review , the following companies constitute the pmi peer group : altria group , inc. , anheuser-busch inbev sa/nv , british american tobacco p.l.c. , the coca-cola company , colgate-palmolive co. , diageo plc , heineken n.v. , imperial brands plc , japan tobacco inc. , johnson & johnson , kimberly-clark corporation , the kraft-heinz company , mcdonald's corp. , mondel z international , inc. , nestl e9 s.a. , pepsico , inc. , the procter & gamble company , roche holding ag , and unilever nv and plc .note : figures are rounded to the nearest $ 0.10. .
Question: what is the value of an investment in pmi as of decemeber 31, 2017?
| 156.8 | 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.
performance graph the graph below compares the cumulative total shareholder return on pmi's common stock with the cumulative total return for the same period of pmi's peer group and the s&p 500 index .the graph assumes the investment of $ 100 as of december 31 , 2012 , in pmi common stock ( at prices quoted on the new york stock exchange ) and each of the indices as of the market close and reinvestment of dividends on a quarterly basis .date pmi pmi peer group ( 1 ) s&p 500 index . date | pmi | pmi peer group ( 1 ) | s&p 500 index
december 31 2012 | $ 100.00 | $ 100.00 | $ 100.00
december 31 2013 | $ 108.50 | $ 122.80 | $ 132.40
december 31 2014 | $ 106.20 | $ 132.50 | $ 150.50
december 31 2015 | $ 120.40 | $ 143.50 | $ 152.60
december 31 2016 | $ 130.80 | $ 145.60 | $ 170.80
december 31 2017 | $ 156.80 | $ 172.70 | $ 208.10 ( 1 ) the pmi peer group presented in this graph is the same as that used in the prior year , except reynolds american inc .was removed following the completion of its acquisition by british american tobacco p.l.c .on july 25 , 2017 .the pmi peer group was established based on a review of four characteristics : global presence ; a focus on consumer products ; and net revenues and a market capitalization of a similar size to those of pmi .the review also considered the primary international tobacco companies .as a result of this review , the following companies constitute the pmi peer group : altria group , inc. , anheuser-busch inbev sa/nv , british american tobacco p.l.c. , the coca-cola company , colgate-palmolive co. , diageo plc , heineken n.v. , imperial brands plc , japan tobacco inc. , johnson & johnson , kimberly-clark corporation , the kraft-heinz company , mcdonald's corp. , mondel z international , inc. , nestl e9 s.a. , pepsico , inc. , the procter & gamble company , roche holding ag , and unilever nv and plc .note : figures are rounded to the nearest $ 0.10. .
Question: what is the value of an investment in pmi as of decemeber 31, 2017?
| convfinqa2120 |
performance graph the graph below compares the cumulative total shareholder return on pmi's common stock with the cumulative total return for the same period of pmi's peer group and the s&p 500 index .the graph assumes the investment of $ 100 as of december 31 , 2012 , in pmi common stock ( at prices quoted on the new york stock exchange ) and each of the indices as of the market close and reinvestment of dividends on a quarterly basis .date pmi pmi peer group ( 1 ) s&p 500 index . date | pmi | pmi peer group ( 1 ) | s&p 500 index
december 31 2012 | $ 100.00 | $ 100.00 | $ 100.00
december 31 2013 | $ 108.50 | $ 122.80 | $ 132.40
december 31 2014 | $ 106.20 | $ 132.50 | $ 150.50
december 31 2015 | $ 120.40 | $ 143.50 | $ 152.60
december 31 2016 | $ 130.80 | $ 145.60 | $ 170.80
december 31 2017 | $ 156.80 | $ 172.70 | $ 208.10 ( 1 ) the pmi peer group presented in this graph is the same as that used in the prior year , except reynolds american inc .was removed following the completion of its acquisition by british american tobacco p.l.c .on july 25 , 2017 .the pmi peer group was established based on a review of four characteristics : global presence ; a focus on consumer products ; and net revenues and a market capitalization of a similar size to those of pmi .the review also considered the primary international tobacco companies .as a result of this review , the following companies constitute the pmi peer group : altria group , inc. , anheuser-busch inbev sa/nv , british american tobacco p.l.c. , the coca-cola company , colgate-palmolive co. , diageo plc , heineken n.v. , imperial brands plc , japan tobacco inc. , johnson & johnson , kimberly-clark corporation , the kraft-heinz company , mcdonald's corp. , mondel z international , inc. , nestl e9 s.a. , pepsico , inc. , the procter & gamble company , roche holding ag , and unilever nv and plc .note : figures are rounded to the nearest $ 0.10. .
Question: what is the value of an investment in pmi as of decemeber 31, 2017?
Steps: Ask for number 156.80
Answer: 156.8
Question: what is the net increase from the initial value?
| 56.8 | 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.
performance graph the graph below compares the cumulative total shareholder return on pmi's common stock with the cumulative total return for the same period of pmi's peer group and the s&p 500 index .the graph assumes the investment of $ 100 as of december 31 , 2012 , in pmi common stock ( at prices quoted on the new york stock exchange ) and each of the indices as of the market close and reinvestment of dividends on a quarterly basis .date pmi pmi peer group ( 1 ) s&p 500 index . date | pmi | pmi peer group ( 1 ) | s&p 500 index
december 31 2012 | $ 100.00 | $ 100.00 | $ 100.00
december 31 2013 | $ 108.50 | $ 122.80 | $ 132.40
december 31 2014 | $ 106.20 | $ 132.50 | $ 150.50
december 31 2015 | $ 120.40 | $ 143.50 | $ 152.60
december 31 2016 | $ 130.80 | $ 145.60 | $ 170.80
december 31 2017 | $ 156.80 | $ 172.70 | $ 208.10 ( 1 ) the pmi peer group presented in this graph is the same as that used in the prior year , except reynolds american inc .was removed following the completion of its acquisition by british american tobacco p.l.c .on july 25 , 2017 .the pmi peer group was established based on a review of four characteristics : global presence ; a focus on consumer products ; and net revenues and a market capitalization of a similar size to those of pmi .the review also considered the primary international tobacco companies .as a result of this review , the following companies constitute the pmi peer group : altria group , inc. , anheuser-busch inbev sa/nv , british american tobacco p.l.c. , the coca-cola company , colgate-palmolive co. , diageo plc , heineken n.v. , imperial brands plc , japan tobacco inc. , johnson & johnson , kimberly-clark corporation , the kraft-heinz company , mcdonald's corp. , mondel z international , inc. , nestl e9 s.a. , pepsico , inc. , the procter & gamble company , roche holding ag , and unilever nv and plc .note : figures are rounded to the nearest $ 0.10. .
Question: what is the value of an investment in pmi as of decemeber 31, 2017?
Steps: Ask for number 156.80
Answer: 156.8
Question: what is the net increase from the initial value?
| convfinqa2121 |
performance graph the graph below compares the cumulative total shareholder return on pmi's common stock with the cumulative total return for the same period of pmi's peer group and the s&p 500 index .the graph assumes the investment of $ 100 as of december 31 , 2012 , in pmi common stock ( at prices quoted on the new york stock exchange ) and each of the indices as of the market close and reinvestment of dividends on a quarterly basis .date pmi pmi peer group ( 1 ) s&p 500 index . date | pmi | pmi peer group ( 1 ) | s&p 500 index
december 31 2012 | $ 100.00 | $ 100.00 | $ 100.00
december 31 2013 | $ 108.50 | $ 122.80 | $ 132.40
december 31 2014 | $ 106.20 | $ 132.50 | $ 150.50
december 31 2015 | $ 120.40 | $ 143.50 | $ 152.60
december 31 2016 | $ 130.80 | $ 145.60 | $ 170.80
december 31 2017 | $ 156.80 | $ 172.70 | $ 208.10 ( 1 ) the pmi peer group presented in this graph is the same as that used in the prior year , except reynolds american inc .was removed following the completion of its acquisition by british american tobacco p.l.c .on july 25 , 2017 .the pmi peer group was established based on a review of four characteristics : global presence ; a focus on consumer products ; and net revenues and a market capitalization of a similar size to those of pmi .the review also considered the primary international tobacco companies .as a result of this review , the following companies constitute the pmi peer group : altria group , inc. , anheuser-busch inbev sa/nv , british american tobacco p.l.c. , the coca-cola company , colgate-palmolive co. , diageo plc , heineken n.v. , imperial brands plc , japan tobacco inc. , johnson & johnson , kimberly-clark corporation , the kraft-heinz company , mcdonald's corp. , mondel z international , inc. , nestl e9 s.a. , pepsico , inc. , the procter & gamble company , roche holding ag , and unilever nv and plc .note : figures are rounded to the nearest $ 0.10. .
Question: what is the value of an investment in pmi as of decemeber 31, 2017?
Steps: Ask for number 156.80
Answer: 156.8
Question: what is the net increase from the initial value?
Steps: subtract(156.80, const_100)
Answer: 56.8
Question: what percentage change does this represent?
| 0.568 | 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.
performance graph the graph below compares the cumulative total shareholder return on pmi's common stock with the cumulative total return for the same period of pmi's peer group and the s&p 500 index .the graph assumes the investment of $ 100 as of december 31 , 2012 , in pmi common stock ( at prices quoted on the new york stock exchange ) and each of the indices as of the market close and reinvestment of dividends on a quarterly basis .date pmi pmi peer group ( 1 ) s&p 500 index . date | pmi | pmi peer group ( 1 ) | s&p 500 index
december 31 2012 | $ 100.00 | $ 100.00 | $ 100.00
december 31 2013 | $ 108.50 | $ 122.80 | $ 132.40
december 31 2014 | $ 106.20 | $ 132.50 | $ 150.50
december 31 2015 | $ 120.40 | $ 143.50 | $ 152.60
december 31 2016 | $ 130.80 | $ 145.60 | $ 170.80
december 31 2017 | $ 156.80 | $ 172.70 | $ 208.10 ( 1 ) the pmi peer group presented in this graph is the same as that used in the prior year , except reynolds american inc .was removed following the completion of its acquisition by british american tobacco p.l.c .on july 25 , 2017 .the pmi peer group was established based on a review of four characteristics : global presence ; a focus on consumer products ; and net revenues and a market capitalization of a similar size to those of pmi .the review also considered the primary international tobacco companies .as a result of this review , the following companies constitute the pmi peer group : altria group , inc. , anheuser-busch inbev sa/nv , british american tobacco p.l.c. , the coca-cola company , colgate-palmolive co. , diageo plc , heineken n.v. , imperial brands plc , japan tobacco inc. , johnson & johnson , kimberly-clark corporation , the kraft-heinz company , mcdonald's corp. , mondel z international , inc. , nestl e9 s.a. , pepsico , inc. , the procter & gamble company , roche holding ag , and unilever nv and plc .note : figures are rounded to the nearest $ 0.10. .
Question: what is the value of an investment in pmi as of decemeber 31, 2017?
Steps: Ask for number 156.80
Answer: 156.8
Question: what is the net increase from the initial value?
Steps: subtract(156.80, const_100)
Answer: 56.8
Question: what percentage change does this represent?
| convfinqa2122 |
item 7a quantitative and qualitative disclosures about market risk we are exposed to market risk stemming from changes in interest rates , foreign exchange rates , commodity prices and equity prices .changes in these factors could cause fluctuations in our earnings and cash flows .in the normal course of business , we actively manage our exposure to these market risks by entering into various hedging trans- actions , authorized under our policies that place clear controls on these activities .the counterparties in these transactions are generally highly rated institutions .we establish credit limits for each counterparty .our hedging transactions include but are not limited to a variety of deriv- ative financial instruments .interest rates we manage our debt structure and our interest rate risk through the use of fixed- and floating-rate debt and derivatives .we use interest rate swaps and forward-starting interest rate swaps to hedge our exposure to interest rate changes and to reduce volatility of our financing costs .generally under these swaps , we agree with a counterparty to exchange the difference between fixed- rate and floating-rate interest amounts based on an agreed notional principal amount .our primary exposure is to u.s .interest rates .as of may 28 , 2006 , we had $ 7.0 billion of aggregate notional principal amount ( the principal amount on which the fixed or floating interest rate is calculated ) outstanding .this includes notional amounts of offsetting swaps that neutralize our exposure to interest rates on other interest rate swaps .see note six to the consolidated finan- cial statements on pages 40 through 42 in item eight of this report .foreign currency rates foreign currency fluctuations can affect our net investments and earnings denominated in foreign currencies .we primarily use foreign currency forward contracts and option contracts to selectively hedge our cash flow exposure to changes in exchange rates .these contracts function as hedges , since they change in value inversely to the change created in the underlying exposure as foreign exchange rates fluctuate .our primary u.s .dollar exchange rate exposures are with the canadian dollar , the euro , the australian dollar , the mexican peso and the british pound .commodities many commodities we use in the produc- tion and distribution of our products are exposed to market price risks .we manage this market risk through an inte- grated set of financial instruments , including purchase orders , noncancelable contracts , futures contracts , options and swaps .our primary commodity price exposures are to cereal grains , sugar , dairy products , vegetables , fruits , meats , vegetable oils , and other agricultural products , as well as paper and plastic packaging materials , operating supplies and energy .equity instruments equity price movements affect our compensation expense as certain investments owned by our employees are revalued .we use equity swaps to manage this market risk .value at risk these estimates are intended to measure the maximum potential fair value we could lose in one day from adverse changes in market interest rates , foreign exchange rates , commodity prices , or equity prices under normal market conditions .a monte carlo ( var ) method- ology was used to quantify the market risk for our exposures .the models assumed normal market conditions and used a 95 percent confidence level .the var calculation used historical interest rates , foreign exchange rates and commodity and equity prices from the past year to estimate the potential volatility and correlation of these rates in the future .the market data were drawn from the riskmetricstm data set .the calculations are not intended to represent actual losses in fair value that we expect to incur .further , since the hedging instrument ( the derivative ) inversely correlates with the underlying expo- sure , we would expect that any loss or gain in the fair value of our derivatives would be generally offset by an increase or decrease in the fair value of the underlying exposures .the positions included in the calculations were : debt ; invest- ments ; interest rate swaps ; foreign exchange forwards ; commodity swaps , futures and options ; and equity instru- ments .the calculations do not include the underlying foreign exchange and commodities-related positions that are hedged by these market-risk-sensitive instruments .the table below presents the estimated maximum poten- tial one-day loss in fair value for our interest rate , foreign currency , commodity and equity market-risk-sensitive instruments outstanding on may 28 , 2006 and may 29 , 2005 , and the average amount outstanding during the year ended may 28 , 2006 .the amounts were calculated using the var methodology described above. . in millions | fair value impact may 282006 | fair value impact averageduring2006 | fair value impact may 292005
interest rate instruments | $ 8 | $ 10 | $ 18
foreign currency instruments | 2 | 1 | 1
commodity instruments | 2 | 2 | 1
equity instruments | 1 | 1 | 2013 .
Question: what is the sum of the fair value of interest instruments and foreign currency instruments in 2006?
| 10.0 | 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.
item 7a quantitative and qualitative disclosures about market risk we are exposed to market risk stemming from changes in interest rates , foreign exchange rates , commodity prices and equity prices .changes in these factors could cause fluctuations in our earnings and cash flows .in the normal course of business , we actively manage our exposure to these market risks by entering into various hedging trans- actions , authorized under our policies that place clear controls on these activities .the counterparties in these transactions are generally highly rated institutions .we establish credit limits for each counterparty .our hedging transactions include but are not limited to a variety of deriv- ative financial instruments .interest rates we manage our debt structure and our interest rate risk through the use of fixed- and floating-rate debt and derivatives .we use interest rate swaps and forward-starting interest rate swaps to hedge our exposure to interest rate changes and to reduce volatility of our financing costs .generally under these swaps , we agree with a counterparty to exchange the difference between fixed- rate and floating-rate interest amounts based on an agreed notional principal amount .our primary exposure is to u.s .interest rates .as of may 28 , 2006 , we had $ 7.0 billion of aggregate notional principal amount ( the principal amount on which the fixed or floating interest rate is calculated ) outstanding .this includes notional amounts of offsetting swaps that neutralize our exposure to interest rates on other interest rate swaps .see note six to the consolidated finan- cial statements on pages 40 through 42 in item eight of this report .foreign currency rates foreign currency fluctuations can affect our net investments and earnings denominated in foreign currencies .we primarily use foreign currency forward contracts and option contracts to selectively hedge our cash flow exposure to changes in exchange rates .these contracts function as hedges , since they change in value inversely to the change created in the underlying exposure as foreign exchange rates fluctuate .our primary u.s .dollar exchange rate exposures are with the canadian dollar , the euro , the australian dollar , the mexican peso and the british pound .commodities many commodities we use in the produc- tion and distribution of our products are exposed to market price risks .we manage this market risk through an inte- grated set of financial instruments , including purchase orders , noncancelable contracts , futures contracts , options and swaps .our primary commodity price exposures are to cereal grains , sugar , dairy products , vegetables , fruits , meats , vegetable oils , and other agricultural products , as well as paper and plastic packaging materials , operating supplies and energy .equity instruments equity price movements affect our compensation expense as certain investments owned by our employees are revalued .we use equity swaps to manage this market risk .value at risk these estimates are intended to measure the maximum potential fair value we could lose in one day from adverse changes in market interest rates , foreign exchange rates , commodity prices , or equity prices under normal market conditions .a monte carlo ( var ) method- ology was used to quantify the market risk for our exposures .the models assumed normal market conditions and used a 95 percent confidence level .the var calculation used historical interest rates , foreign exchange rates and commodity and equity prices from the past year to estimate the potential volatility and correlation of these rates in the future .the market data were drawn from the riskmetricstm data set .the calculations are not intended to represent actual losses in fair value that we expect to incur .further , since the hedging instrument ( the derivative ) inversely correlates with the underlying expo- sure , we would expect that any loss or gain in the fair value of our derivatives would be generally offset by an increase or decrease in the fair value of the underlying exposures .the positions included in the calculations were : debt ; invest- ments ; interest rate swaps ; foreign exchange forwards ; commodity swaps , futures and options ; and equity instru- ments .the calculations do not include the underlying foreign exchange and commodities-related positions that are hedged by these market-risk-sensitive instruments .the table below presents the estimated maximum poten- tial one-day loss in fair value for our interest rate , foreign currency , commodity and equity market-risk-sensitive instruments outstanding on may 28 , 2006 and may 29 , 2005 , and the average amount outstanding during the year ended may 28 , 2006 .the amounts were calculated using the var methodology described above. . in millions | fair value impact may 282006 | fair value impact averageduring2006 | fair value impact may 292005
interest rate instruments | $ 8 | $ 10 | $ 18
foreign currency instruments | 2 | 1 | 1
commodity instruments | 2 | 2 | 1
equity instruments | 1 | 1 | 2013 .
Question: what is the sum of the fair value of interest instruments and foreign currency instruments in 2006?
| convfinqa2123 |
item 7a quantitative and qualitative disclosures about market risk we are exposed to market risk stemming from changes in interest rates , foreign exchange rates , commodity prices and equity prices .changes in these factors could cause fluctuations in our earnings and cash flows .in the normal course of business , we actively manage our exposure to these market risks by entering into various hedging trans- actions , authorized under our policies that place clear controls on these activities .the counterparties in these transactions are generally highly rated institutions .we establish credit limits for each counterparty .our hedging transactions include but are not limited to a variety of deriv- ative financial instruments .interest rates we manage our debt structure and our interest rate risk through the use of fixed- and floating-rate debt and derivatives .we use interest rate swaps and forward-starting interest rate swaps to hedge our exposure to interest rate changes and to reduce volatility of our financing costs .generally under these swaps , we agree with a counterparty to exchange the difference between fixed- rate and floating-rate interest amounts based on an agreed notional principal amount .our primary exposure is to u.s .interest rates .as of may 28 , 2006 , we had $ 7.0 billion of aggregate notional principal amount ( the principal amount on which the fixed or floating interest rate is calculated ) outstanding .this includes notional amounts of offsetting swaps that neutralize our exposure to interest rates on other interest rate swaps .see note six to the consolidated finan- cial statements on pages 40 through 42 in item eight of this report .foreign currency rates foreign currency fluctuations can affect our net investments and earnings denominated in foreign currencies .we primarily use foreign currency forward contracts and option contracts to selectively hedge our cash flow exposure to changes in exchange rates .these contracts function as hedges , since they change in value inversely to the change created in the underlying exposure as foreign exchange rates fluctuate .our primary u.s .dollar exchange rate exposures are with the canadian dollar , the euro , the australian dollar , the mexican peso and the british pound .commodities many commodities we use in the produc- tion and distribution of our products are exposed to market price risks .we manage this market risk through an inte- grated set of financial instruments , including purchase orders , noncancelable contracts , futures contracts , options and swaps .our primary commodity price exposures are to cereal grains , sugar , dairy products , vegetables , fruits , meats , vegetable oils , and other agricultural products , as well as paper and plastic packaging materials , operating supplies and energy .equity instruments equity price movements affect our compensation expense as certain investments owned by our employees are revalued .we use equity swaps to manage this market risk .value at risk these estimates are intended to measure the maximum potential fair value we could lose in one day from adverse changes in market interest rates , foreign exchange rates , commodity prices , or equity prices under normal market conditions .a monte carlo ( var ) method- ology was used to quantify the market risk for our exposures .the models assumed normal market conditions and used a 95 percent confidence level .the var calculation used historical interest rates , foreign exchange rates and commodity and equity prices from the past year to estimate the potential volatility and correlation of these rates in the future .the market data were drawn from the riskmetricstm data set .the calculations are not intended to represent actual losses in fair value that we expect to incur .further , since the hedging instrument ( the derivative ) inversely correlates with the underlying expo- sure , we would expect that any loss or gain in the fair value of our derivatives would be generally offset by an increase or decrease in the fair value of the underlying exposures .the positions included in the calculations were : debt ; invest- ments ; interest rate swaps ; foreign exchange forwards ; commodity swaps , futures and options ; and equity instru- ments .the calculations do not include the underlying foreign exchange and commodities-related positions that are hedged by these market-risk-sensitive instruments .the table below presents the estimated maximum poten- tial one-day loss in fair value for our interest rate , foreign currency , commodity and equity market-risk-sensitive instruments outstanding on may 28 , 2006 and may 29 , 2005 , and the average amount outstanding during the year ended may 28 , 2006 .the amounts were calculated using the var methodology described above. . in millions | fair value impact may 282006 | fair value impact averageduring2006 | fair value impact may 292005
interest rate instruments | $ 8 | $ 10 | $ 18
foreign currency instruments | 2 | 1 | 1
commodity instruments | 2 | 2 | 1
equity instruments | 1 | 1 | 2013 .
Question: what is the sum of the fair value of interest instruments and foreign currency instruments in 2006?
Steps: add(8, 2)
Answer: 10.0
Question: what is the value of commodity instruments in 2006?
| 2.0 | 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.
item 7a quantitative and qualitative disclosures about market risk we are exposed to market risk stemming from changes in interest rates , foreign exchange rates , commodity prices and equity prices .changes in these factors could cause fluctuations in our earnings and cash flows .in the normal course of business , we actively manage our exposure to these market risks by entering into various hedging trans- actions , authorized under our policies that place clear controls on these activities .the counterparties in these transactions are generally highly rated institutions .we establish credit limits for each counterparty .our hedging transactions include but are not limited to a variety of deriv- ative financial instruments .interest rates we manage our debt structure and our interest rate risk through the use of fixed- and floating-rate debt and derivatives .we use interest rate swaps and forward-starting interest rate swaps to hedge our exposure to interest rate changes and to reduce volatility of our financing costs .generally under these swaps , we agree with a counterparty to exchange the difference between fixed- rate and floating-rate interest amounts based on an agreed notional principal amount .our primary exposure is to u.s .interest rates .as of may 28 , 2006 , we had $ 7.0 billion of aggregate notional principal amount ( the principal amount on which the fixed or floating interest rate is calculated ) outstanding .this includes notional amounts of offsetting swaps that neutralize our exposure to interest rates on other interest rate swaps .see note six to the consolidated finan- cial statements on pages 40 through 42 in item eight of this report .foreign currency rates foreign currency fluctuations can affect our net investments and earnings denominated in foreign currencies .we primarily use foreign currency forward contracts and option contracts to selectively hedge our cash flow exposure to changes in exchange rates .these contracts function as hedges , since they change in value inversely to the change created in the underlying exposure as foreign exchange rates fluctuate .our primary u.s .dollar exchange rate exposures are with the canadian dollar , the euro , the australian dollar , the mexican peso and the british pound .commodities many commodities we use in the produc- tion and distribution of our products are exposed to market price risks .we manage this market risk through an inte- grated set of financial instruments , including purchase orders , noncancelable contracts , futures contracts , options and swaps .our primary commodity price exposures are to cereal grains , sugar , dairy products , vegetables , fruits , meats , vegetable oils , and other agricultural products , as well as paper and plastic packaging materials , operating supplies and energy .equity instruments equity price movements affect our compensation expense as certain investments owned by our employees are revalued .we use equity swaps to manage this market risk .value at risk these estimates are intended to measure the maximum potential fair value we could lose in one day from adverse changes in market interest rates , foreign exchange rates , commodity prices , or equity prices under normal market conditions .a monte carlo ( var ) method- ology was used to quantify the market risk for our exposures .the models assumed normal market conditions and used a 95 percent confidence level .the var calculation used historical interest rates , foreign exchange rates and commodity and equity prices from the past year to estimate the potential volatility and correlation of these rates in the future .the market data were drawn from the riskmetricstm data set .the calculations are not intended to represent actual losses in fair value that we expect to incur .further , since the hedging instrument ( the derivative ) inversely correlates with the underlying expo- sure , we would expect that any loss or gain in the fair value of our derivatives would be generally offset by an increase or decrease in the fair value of the underlying exposures .the positions included in the calculations were : debt ; invest- ments ; interest rate swaps ; foreign exchange forwards ; commodity swaps , futures and options ; and equity instru- ments .the calculations do not include the underlying foreign exchange and commodities-related positions that are hedged by these market-risk-sensitive instruments .the table below presents the estimated maximum poten- tial one-day loss in fair value for our interest rate , foreign currency , commodity and equity market-risk-sensitive instruments outstanding on may 28 , 2006 and may 29 , 2005 , and the average amount outstanding during the year ended may 28 , 2006 .the amounts were calculated using the var methodology described above. . in millions | fair value impact may 282006 | fair value impact averageduring2006 | fair value impact may 292005
interest rate instruments | $ 8 | $ 10 | $ 18
foreign currency instruments | 2 | 1 | 1
commodity instruments | 2 | 2 | 1
equity instruments | 1 | 1 | 2013 .
Question: what is the sum of the fair value of interest instruments and foreign currency instruments in 2006?
Steps: add(8, 2)
Answer: 10.0
Question: what is the value of commodity instruments in 2006?
| convfinqa2124 |
item 7a quantitative and qualitative disclosures about market risk we are exposed to market risk stemming from changes in interest rates , foreign exchange rates , commodity prices and equity prices .changes in these factors could cause fluctuations in our earnings and cash flows .in the normal course of business , we actively manage our exposure to these market risks by entering into various hedging trans- actions , authorized under our policies that place clear controls on these activities .the counterparties in these transactions are generally highly rated institutions .we establish credit limits for each counterparty .our hedging transactions include but are not limited to a variety of deriv- ative financial instruments .interest rates we manage our debt structure and our interest rate risk through the use of fixed- and floating-rate debt and derivatives .we use interest rate swaps and forward-starting interest rate swaps to hedge our exposure to interest rate changes and to reduce volatility of our financing costs .generally under these swaps , we agree with a counterparty to exchange the difference between fixed- rate and floating-rate interest amounts based on an agreed notional principal amount .our primary exposure is to u.s .interest rates .as of may 28 , 2006 , we had $ 7.0 billion of aggregate notional principal amount ( the principal amount on which the fixed or floating interest rate is calculated ) outstanding .this includes notional amounts of offsetting swaps that neutralize our exposure to interest rates on other interest rate swaps .see note six to the consolidated finan- cial statements on pages 40 through 42 in item eight of this report .foreign currency rates foreign currency fluctuations can affect our net investments and earnings denominated in foreign currencies .we primarily use foreign currency forward contracts and option contracts to selectively hedge our cash flow exposure to changes in exchange rates .these contracts function as hedges , since they change in value inversely to the change created in the underlying exposure as foreign exchange rates fluctuate .our primary u.s .dollar exchange rate exposures are with the canadian dollar , the euro , the australian dollar , the mexican peso and the british pound .commodities many commodities we use in the produc- tion and distribution of our products are exposed to market price risks .we manage this market risk through an inte- grated set of financial instruments , including purchase orders , noncancelable contracts , futures contracts , options and swaps .our primary commodity price exposures are to cereal grains , sugar , dairy products , vegetables , fruits , meats , vegetable oils , and other agricultural products , as well as paper and plastic packaging materials , operating supplies and energy .equity instruments equity price movements affect our compensation expense as certain investments owned by our employees are revalued .we use equity swaps to manage this market risk .value at risk these estimates are intended to measure the maximum potential fair value we could lose in one day from adverse changes in market interest rates , foreign exchange rates , commodity prices , or equity prices under normal market conditions .a monte carlo ( var ) method- ology was used to quantify the market risk for our exposures .the models assumed normal market conditions and used a 95 percent confidence level .the var calculation used historical interest rates , foreign exchange rates and commodity and equity prices from the past year to estimate the potential volatility and correlation of these rates in the future .the market data were drawn from the riskmetricstm data set .the calculations are not intended to represent actual losses in fair value that we expect to incur .further , since the hedging instrument ( the derivative ) inversely correlates with the underlying expo- sure , we would expect that any loss or gain in the fair value of our derivatives would be generally offset by an increase or decrease in the fair value of the underlying exposures .the positions included in the calculations were : debt ; invest- ments ; interest rate swaps ; foreign exchange forwards ; commodity swaps , futures and options ; and equity instru- ments .the calculations do not include the underlying foreign exchange and commodities-related positions that are hedged by these market-risk-sensitive instruments .the table below presents the estimated maximum poten- tial one-day loss in fair value for our interest rate , foreign currency , commodity and equity market-risk-sensitive instruments outstanding on may 28 , 2006 and may 29 , 2005 , and the average amount outstanding during the year ended may 28 , 2006 .the amounts were calculated using the var methodology described above. . in millions | fair value impact may 282006 | fair value impact averageduring2006 | fair value impact may 292005
interest rate instruments | $ 8 | $ 10 | $ 18
foreign currency instruments | 2 | 1 | 1
commodity instruments | 2 | 2 | 1
equity instruments | 1 | 1 | 2013 .
Question: what is the sum of the fair value of interest instruments and foreign currency instruments in 2006?
Steps: add(8, 2)
Answer: 10.0
Question: what is the value of commodity instruments in 2006?
Steps: Ask for number 2
Answer: 2.0
Question: what is now the sum of those 3 instruments?
| 12.0 | 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.
item 7a quantitative and qualitative disclosures about market risk we are exposed to market risk stemming from changes in interest rates , foreign exchange rates , commodity prices and equity prices .changes in these factors could cause fluctuations in our earnings and cash flows .in the normal course of business , we actively manage our exposure to these market risks by entering into various hedging trans- actions , authorized under our policies that place clear controls on these activities .the counterparties in these transactions are generally highly rated institutions .we establish credit limits for each counterparty .our hedging transactions include but are not limited to a variety of deriv- ative financial instruments .interest rates we manage our debt structure and our interest rate risk through the use of fixed- and floating-rate debt and derivatives .we use interest rate swaps and forward-starting interest rate swaps to hedge our exposure to interest rate changes and to reduce volatility of our financing costs .generally under these swaps , we agree with a counterparty to exchange the difference between fixed- rate and floating-rate interest amounts based on an agreed notional principal amount .our primary exposure is to u.s .interest rates .as of may 28 , 2006 , we had $ 7.0 billion of aggregate notional principal amount ( the principal amount on which the fixed or floating interest rate is calculated ) outstanding .this includes notional amounts of offsetting swaps that neutralize our exposure to interest rates on other interest rate swaps .see note six to the consolidated finan- cial statements on pages 40 through 42 in item eight of this report .foreign currency rates foreign currency fluctuations can affect our net investments and earnings denominated in foreign currencies .we primarily use foreign currency forward contracts and option contracts to selectively hedge our cash flow exposure to changes in exchange rates .these contracts function as hedges , since they change in value inversely to the change created in the underlying exposure as foreign exchange rates fluctuate .our primary u.s .dollar exchange rate exposures are with the canadian dollar , the euro , the australian dollar , the mexican peso and the british pound .commodities many commodities we use in the produc- tion and distribution of our products are exposed to market price risks .we manage this market risk through an inte- grated set of financial instruments , including purchase orders , noncancelable contracts , futures contracts , options and swaps .our primary commodity price exposures are to cereal grains , sugar , dairy products , vegetables , fruits , meats , vegetable oils , and other agricultural products , as well as paper and plastic packaging materials , operating supplies and energy .equity instruments equity price movements affect our compensation expense as certain investments owned by our employees are revalued .we use equity swaps to manage this market risk .value at risk these estimates are intended to measure the maximum potential fair value we could lose in one day from adverse changes in market interest rates , foreign exchange rates , commodity prices , or equity prices under normal market conditions .a monte carlo ( var ) method- ology was used to quantify the market risk for our exposures .the models assumed normal market conditions and used a 95 percent confidence level .the var calculation used historical interest rates , foreign exchange rates and commodity and equity prices from the past year to estimate the potential volatility and correlation of these rates in the future .the market data were drawn from the riskmetricstm data set .the calculations are not intended to represent actual losses in fair value that we expect to incur .further , since the hedging instrument ( the derivative ) inversely correlates with the underlying expo- sure , we would expect that any loss or gain in the fair value of our derivatives would be generally offset by an increase or decrease in the fair value of the underlying exposures .the positions included in the calculations were : debt ; invest- ments ; interest rate swaps ; foreign exchange forwards ; commodity swaps , futures and options ; and equity instru- ments .the calculations do not include the underlying foreign exchange and commodities-related positions that are hedged by these market-risk-sensitive instruments .the table below presents the estimated maximum poten- tial one-day loss in fair value for our interest rate , foreign currency , commodity and equity market-risk-sensitive instruments outstanding on may 28 , 2006 and may 29 , 2005 , and the average amount outstanding during the year ended may 28 , 2006 .the amounts were calculated using the var methodology described above. . in millions | fair value impact may 282006 | fair value impact averageduring2006 | fair value impact may 292005
interest rate instruments | $ 8 | $ 10 | $ 18
foreign currency instruments | 2 | 1 | 1
commodity instruments | 2 | 2 | 1
equity instruments | 1 | 1 | 2013 .
Question: what is the sum of the fair value of interest instruments and foreign currency instruments in 2006?
Steps: add(8, 2)
Answer: 10.0
Question: what is the value of commodity instruments in 2006?
Steps: Ask for number 2
Answer: 2.0
Question: what is now the sum of those 3 instruments?
| convfinqa2125 |
item 7a quantitative and qualitative disclosures about market risk we are exposed to market risk stemming from changes in interest rates , foreign exchange rates , commodity prices and equity prices .changes in these factors could cause fluctuations in our earnings and cash flows .in the normal course of business , we actively manage our exposure to these market risks by entering into various hedging trans- actions , authorized under our policies that place clear controls on these activities .the counterparties in these transactions are generally highly rated institutions .we establish credit limits for each counterparty .our hedging transactions include but are not limited to a variety of deriv- ative financial instruments .interest rates we manage our debt structure and our interest rate risk through the use of fixed- and floating-rate debt and derivatives .we use interest rate swaps and forward-starting interest rate swaps to hedge our exposure to interest rate changes and to reduce volatility of our financing costs .generally under these swaps , we agree with a counterparty to exchange the difference between fixed- rate and floating-rate interest amounts based on an agreed notional principal amount .our primary exposure is to u.s .interest rates .as of may 28 , 2006 , we had $ 7.0 billion of aggregate notional principal amount ( the principal amount on which the fixed or floating interest rate is calculated ) outstanding .this includes notional amounts of offsetting swaps that neutralize our exposure to interest rates on other interest rate swaps .see note six to the consolidated finan- cial statements on pages 40 through 42 in item eight of this report .foreign currency rates foreign currency fluctuations can affect our net investments and earnings denominated in foreign currencies .we primarily use foreign currency forward contracts and option contracts to selectively hedge our cash flow exposure to changes in exchange rates .these contracts function as hedges , since they change in value inversely to the change created in the underlying exposure as foreign exchange rates fluctuate .our primary u.s .dollar exchange rate exposures are with the canadian dollar , the euro , the australian dollar , the mexican peso and the british pound .commodities many commodities we use in the produc- tion and distribution of our products are exposed to market price risks .we manage this market risk through an inte- grated set of financial instruments , including purchase orders , noncancelable contracts , futures contracts , options and swaps .our primary commodity price exposures are to cereal grains , sugar , dairy products , vegetables , fruits , meats , vegetable oils , and other agricultural products , as well as paper and plastic packaging materials , operating supplies and energy .equity instruments equity price movements affect our compensation expense as certain investments owned by our employees are revalued .we use equity swaps to manage this market risk .value at risk these estimates are intended to measure the maximum potential fair value we could lose in one day from adverse changes in market interest rates , foreign exchange rates , commodity prices , or equity prices under normal market conditions .a monte carlo ( var ) method- ology was used to quantify the market risk for our exposures .the models assumed normal market conditions and used a 95 percent confidence level .the var calculation used historical interest rates , foreign exchange rates and commodity and equity prices from the past year to estimate the potential volatility and correlation of these rates in the future .the market data were drawn from the riskmetricstm data set .the calculations are not intended to represent actual losses in fair value that we expect to incur .further , since the hedging instrument ( the derivative ) inversely correlates with the underlying expo- sure , we would expect that any loss or gain in the fair value of our derivatives would be generally offset by an increase or decrease in the fair value of the underlying exposures .the positions included in the calculations were : debt ; invest- ments ; interest rate swaps ; foreign exchange forwards ; commodity swaps , futures and options ; and equity instru- ments .the calculations do not include the underlying foreign exchange and commodities-related positions that are hedged by these market-risk-sensitive instruments .the table below presents the estimated maximum poten- tial one-day loss in fair value for our interest rate , foreign currency , commodity and equity market-risk-sensitive instruments outstanding on may 28 , 2006 and may 29 , 2005 , and the average amount outstanding during the year ended may 28 , 2006 .the amounts were calculated using the var methodology described above. . in millions | fair value impact may 282006 | fair value impact averageduring2006 | fair value impact may 292005
interest rate instruments | $ 8 | $ 10 | $ 18
foreign currency instruments | 2 | 1 | 1
commodity instruments | 2 | 2 | 1
equity instruments | 1 | 1 | 2013 .
Question: what is the sum of the fair value of interest instruments and foreign currency instruments in 2006?
Steps: add(8, 2)
Answer: 10.0
Question: what is the value of commodity instruments in 2006?
Steps: Ask for number 2
Answer: 2.0
Question: what is now the sum of those 3 instruments?
Steps: add(A0, 2)
Answer: 12.0
Question: what was the value of equity instruments in 2006?
| 1.0 | 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.
item 7a quantitative and qualitative disclosures about market risk we are exposed to market risk stemming from changes in interest rates , foreign exchange rates , commodity prices and equity prices .changes in these factors could cause fluctuations in our earnings and cash flows .in the normal course of business , we actively manage our exposure to these market risks by entering into various hedging trans- actions , authorized under our policies that place clear controls on these activities .the counterparties in these transactions are generally highly rated institutions .we establish credit limits for each counterparty .our hedging transactions include but are not limited to a variety of deriv- ative financial instruments .interest rates we manage our debt structure and our interest rate risk through the use of fixed- and floating-rate debt and derivatives .we use interest rate swaps and forward-starting interest rate swaps to hedge our exposure to interest rate changes and to reduce volatility of our financing costs .generally under these swaps , we agree with a counterparty to exchange the difference between fixed- rate and floating-rate interest amounts based on an agreed notional principal amount .our primary exposure is to u.s .interest rates .as of may 28 , 2006 , we had $ 7.0 billion of aggregate notional principal amount ( the principal amount on which the fixed or floating interest rate is calculated ) outstanding .this includes notional amounts of offsetting swaps that neutralize our exposure to interest rates on other interest rate swaps .see note six to the consolidated finan- cial statements on pages 40 through 42 in item eight of this report .foreign currency rates foreign currency fluctuations can affect our net investments and earnings denominated in foreign currencies .we primarily use foreign currency forward contracts and option contracts to selectively hedge our cash flow exposure to changes in exchange rates .these contracts function as hedges , since they change in value inversely to the change created in the underlying exposure as foreign exchange rates fluctuate .our primary u.s .dollar exchange rate exposures are with the canadian dollar , the euro , the australian dollar , the mexican peso and the british pound .commodities many commodities we use in the produc- tion and distribution of our products are exposed to market price risks .we manage this market risk through an inte- grated set of financial instruments , including purchase orders , noncancelable contracts , futures contracts , options and swaps .our primary commodity price exposures are to cereal grains , sugar , dairy products , vegetables , fruits , meats , vegetable oils , and other agricultural products , as well as paper and plastic packaging materials , operating supplies and energy .equity instruments equity price movements affect our compensation expense as certain investments owned by our employees are revalued .we use equity swaps to manage this market risk .value at risk these estimates are intended to measure the maximum potential fair value we could lose in one day from adverse changes in market interest rates , foreign exchange rates , commodity prices , or equity prices under normal market conditions .a monte carlo ( var ) method- ology was used to quantify the market risk for our exposures .the models assumed normal market conditions and used a 95 percent confidence level .the var calculation used historical interest rates , foreign exchange rates and commodity and equity prices from the past year to estimate the potential volatility and correlation of these rates in the future .the market data were drawn from the riskmetricstm data set .the calculations are not intended to represent actual losses in fair value that we expect to incur .further , since the hedging instrument ( the derivative ) inversely correlates with the underlying expo- sure , we would expect that any loss or gain in the fair value of our derivatives would be generally offset by an increase or decrease in the fair value of the underlying exposures .the positions included in the calculations were : debt ; invest- ments ; interest rate swaps ; foreign exchange forwards ; commodity swaps , futures and options ; and equity instru- ments .the calculations do not include the underlying foreign exchange and commodities-related positions that are hedged by these market-risk-sensitive instruments .the table below presents the estimated maximum poten- tial one-day loss in fair value for our interest rate , foreign currency , commodity and equity market-risk-sensitive instruments outstanding on may 28 , 2006 and may 29 , 2005 , and the average amount outstanding during the year ended may 28 , 2006 .the amounts were calculated using the var methodology described above. . in millions | fair value impact may 282006 | fair value impact averageduring2006 | fair value impact may 292005
interest rate instruments | $ 8 | $ 10 | $ 18
foreign currency instruments | 2 | 1 | 1
commodity instruments | 2 | 2 | 1
equity instruments | 1 | 1 | 2013 .
Question: what is the sum of the fair value of interest instruments and foreign currency instruments in 2006?
Steps: add(8, 2)
Answer: 10.0
Question: what is the value of commodity instruments in 2006?
Steps: Ask for number 2
Answer: 2.0
Question: what is now the sum of those 3 instruments?
Steps: add(A0, 2)
Answer: 12.0
Question: what was the value of equity instruments in 2006?
| convfinqa2126 |
item 7a quantitative and qualitative disclosures about market risk we are exposed to market risk stemming from changes in interest rates , foreign exchange rates , commodity prices and equity prices .changes in these factors could cause fluctuations in our earnings and cash flows .in the normal course of business , we actively manage our exposure to these market risks by entering into various hedging trans- actions , authorized under our policies that place clear controls on these activities .the counterparties in these transactions are generally highly rated institutions .we establish credit limits for each counterparty .our hedging transactions include but are not limited to a variety of deriv- ative financial instruments .interest rates we manage our debt structure and our interest rate risk through the use of fixed- and floating-rate debt and derivatives .we use interest rate swaps and forward-starting interest rate swaps to hedge our exposure to interest rate changes and to reduce volatility of our financing costs .generally under these swaps , we agree with a counterparty to exchange the difference between fixed- rate and floating-rate interest amounts based on an agreed notional principal amount .our primary exposure is to u.s .interest rates .as of may 28 , 2006 , we had $ 7.0 billion of aggregate notional principal amount ( the principal amount on which the fixed or floating interest rate is calculated ) outstanding .this includes notional amounts of offsetting swaps that neutralize our exposure to interest rates on other interest rate swaps .see note six to the consolidated finan- cial statements on pages 40 through 42 in item eight of this report .foreign currency rates foreign currency fluctuations can affect our net investments and earnings denominated in foreign currencies .we primarily use foreign currency forward contracts and option contracts to selectively hedge our cash flow exposure to changes in exchange rates .these contracts function as hedges , since they change in value inversely to the change created in the underlying exposure as foreign exchange rates fluctuate .our primary u.s .dollar exchange rate exposures are with the canadian dollar , the euro , the australian dollar , the mexican peso and the british pound .commodities many commodities we use in the produc- tion and distribution of our products are exposed to market price risks .we manage this market risk through an inte- grated set of financial instruments , including purchase orders , noncancelable contracts , futures contracts , options and swaps .our primary commodity price exposures are to cereal grains , sugar , dairy products , vegetables , fruits , meats , vegetable oils , and other agricultural products , as well as paper and plastic packaging materials , operating supplies and energy .equity instruments equity price movements affect our compensation expense as certain investments owned by our employees are revalued .we use equity swaps to manage this market risk .value at risk these estimates are intended to measure the maximum potential fair value we could lose in one day from adverse changes in market interest rates , foreign exchange rates , commodity prices , or equity prices under normal market conditions .a monte carlo ( var ) method- ology was used to quantify the market risk for our exposures .the models assumed normal market conditions and used a 95 percent confidence level .the var calculation used historical interest rates , foreign exchange rates and commodity and equity prices from the past year to estimate the potential volatility and correlation of these rates in the future .the market data were drawn from the riskmetricstm data set .the calculations are not intended to represent actual losses in fair value that we expect to incur .further , since the hedging instrument ( the derivative ) inversely correlates with the underlying expo- sure , we would expect that any loss or gain in the fair value of our derivatives would be generally offset by an increase or decrease in the fair value of the underlying exposures .the positions included in the calculations were : debt ; invest- ments ; interest rate swaps ; foreign exchange forwards ; commodity swaps , futures and options ; and equity instru- ments .the calculations do not include the underlying foreign exchange and commodities-related positions that are hedged by these market-risk-sensitive instruments .the table below presents the estimated maximum poten- tial one-day loss in fair value for our interest rate , foreign currency , commodity and equity market-risk-sensitive instruments outstanding on may 28 , 2006 and may 29 , 2005 , and the average amount outstanding during the year ended may 28 , 2006 .the amounts were calculated using the var methodology described above. . in millions | fair value impact may 282006 | fair value impact averageduring2006 | fair value impact may 292005
interest rate instruments | $ 8 | $ 10 | $ 18
foreign currency instruments | 2 | 1 | 1
commodity instruments | 2 | 2 | 1
equity instruments | 1 | 1 | 2013 .
Question: what is the sum of the fair value of interest instruments and foreign currency instruments in 2006?
Steps: add(8, 2)
Answer: 10.0
Question: what is the value of commodity instruments in 2006?
Steps: Ask for number 2
Answer: 2.0
Question: what is now the sum of those 3 instruments?
Steps: add(A0, 2)
Answer: 12.0
Question: what was the value of equity instruments in 2006?
Steps: Ask for number 1
Answer: 1.0
Question: now, what is the total sum?
| 13.0 | 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.
item 7a quantitative and qualitative disclosures about market risk we are exposed to market risk stemming from changes in interest rates , foreign exchange rates , commodity prices and equity prices .changes in these factors could cause fluctuations in our earnings and cash flows .in the normal course of business , we actively manage our exposure to these market risks by entering into various hedging trans- actions , authorized under our policies that place clear controls on these activities .the counterparties in these transactions are generally highly rated institutions .we establish credit limits for each counterparty .our hedging transactions include but are not limited to a variety of deriv- ative financial instruments .interest rates we manage our debt structure and our interest rate risk through the use of fixed- and floating-rate debt and derivatives .we use interest rate swaps and forward-starting interest rate swaps to hedge our exposure to interest rate changes and to reduce volatility of our financing costs .generally under these swaps , we agree with a counterparty to exchange the difference between fixed- rate and floating-rate interest amounts based on an agreed notional principal amount .our primary exposure is to u.s .interest rates .as of may 28 , 2006 , we had $ 7.0 billion of aggregate notional principal amount ( the principal amount on which the fixed or floating interest rate is calculated ) outstanding .this includes notional amounts of offsetting swaps that neutralize our exposure to interest rates on other interest rate swaps .see note six to the consolidated finan- cial statements on pages 40 through 42 in item eight of this report .foreign currency rates foreign currency fluctuations can affect our net investments and earnings denominated in foreign currencies .we primarily use foreign currency forward contracts and option contracts to selectively hedge our cash flow exposure to changes in exchange rates .these contracts function as hedges , since they change in value inversely to the change created in the underlying exposure as foreign exchange rates fluctuate .our primary u.s .dollar exchange rate exposures are with the canadian dollar , the euro , the australian dollar , the mexican peso and the british pound .commodities many commodities we use in the produc- tion and distribution of our products are exposed to market price risks .we manage this market risk through an inte- grated set of financial instruments , including purchase orders , noncancelable contracts , futures contracts , options and swaps .our primary commodity price exposures are to cereal grains , sugar , dairy products , vegetables , fruits , meats , vegetable oils , and other agricultural products , as well as paper and plastic packaging materials , operating supplies and energy .equity instruments equity price movements affect our compensation expense as certain investments owned by our employees are revalued .we use equity swaps to manage this market risk .value at risk these estimates are intended to measure the maximum potential fair value we could lose in one day from adverse changes in market interest rates , foreign exchange rates , commodity prices , or equity prices under normal market conditions .a monte carlo ( var ) method- ology was used to quantify the market risk for our exposures .the models assumed normal market conditions and used a 95 percent confidence level .the var calculation used historical interest rates , foreign exchange rates and commodity and equity prices from the past year to estimate the potential volatility and correlation of these rates in the future .the market data were drawn from the riskmetricstm data set .the calculations are not intended to represent actual losses in fair value that we expect to incur .further , since the hedging instrument ( the derivative ) inversely correlates with the underlying expo- sure , we would expect that any loss or gain in the fair value of our derivatives would be generally offset by an increase or decrease in the fair value of the underlying exposures .the positions included in the calculations were : debt ; invest- ments ; interest rate swaps ; foreign exchange forwards ; commodity swaps , futures and options ; and equity instru- ments .the calculations do not include the underlying foreign exchange and commodities-related positions that are hedged by these market-risk-sensitive instruments .the table below presents the estimated maximum poten- tial one-day loss in fair value for our interest rate , foreign currency , commodity and equity market-risk-sensitive instruments outstanding on may 28 , 2006 and may 29 , 2005 , and the average amount outstanding during the year ended may 28 , 2006 .the amounts were calculated using the var methodology described above. . in millions | fair value impact may 282006 | fair value impact averageduring2006 | fair value impact may 292005
interest rate instruments | $ 8 | $ 10 | $ 18
foreign currency instruments | 2 | 1 | 1
commodity instruments | 2 | 2 | 1
equity instruments | 1 | 1 | 2013 .
Question: what is the sum of the fair value of interest instruments and foreign currency instruments in 2006?
Steps: add(8, 2)
Answer: 10.0
Question: what is the value of commodity instruments in 2006?
Steps: Ask for number 2
Answer: 2.0
Question: what is now the sum of those 3 instruments?
Steps: add(A0, 2)
Answer: 12.0
Question: what was the value of equity instruments in 2006?
Steps: Ask for number 1
Answer: 1.0
Question: now, what is the total sum?
| convfinqa2127 |
equity compensation plan information the plan documents for the plans described in the footnotes below are included as exhibits to this form 10-k , and are incorporated herein by reference in their entirety .the following table provides information as of dec .31 , 2006 regarding the number of shares of ppg common stock that may be issued under ppg 2019s equity compensation plans .plan category securities exercise of outstanding options , warrants and rights weighted- average exercise price of outstanding warrants and rights number of securities remaining available for future issuance under equity compensation ( excluding securities reflected in column ( a ) ) equity compensation plans approved by security holders ( 1 ) 9413216 $ 58.35 10265556 equity compensation plans not approved by security holders ( 2 ) , ( 3 ) 2089300 $ 70.00 2014 . plan category | numberof securities to be issued upon exercise of outstanding options warrants and rights ( a ) | weighted- average exercise price of outstanding options warrants and rights ( b ) | number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( c )
equity compensation plans approved by security holders ( 1 ) | 9413216 | $ 58.35 | 10265556
equity compensation plans not approved by security holders ( 2 ) ( 3 ) | 2089300 | $ 70.00 | 2014
total | 11502516 | $ 60.57 | 10265556 ( 1 ) equity compensation plans approved by security holders include the ppg industries , inc .stock plan , the ppg omnibus plan , the ppg industries , inc .executive officers 2019 long term incentive plan , and the ppg industries inc .long term incentive plan .( 2 ) equity compensation plans not approved by security holders include the ppg industries , inc .challenge 2000 stock plan .this plan is a broad- based stock option plan under which the company granted to substantially all active employees of the company and its majority owned subsidiaries on july 1 , 1998 , the option to purchase 100 shares of the company 2019s common stock at its then fair market value of $ 70.00 per share .options became exercisable on july 1 , 2003 , and expire on june 30 , 2008 .there were 2089300 shares issuable upon exercise of options outstanding under this plan as of dec .31 , 2006 .( 3 ) excluded from the information presented here are common stock equivalents held under the ppg industries , inc .deferred compensation plan , the ppg industries , inc .deferred compensation plan for directors and the ppg industries , inc .directors 2019 common stock plan , none of which are equity compensation plans .as supplemental information , there were 491168 common stock equivalents held under such plans as of dec .31 , 2006 .item 6 .selected financial data the information required by item 6 regarding the selected financial data for the five years ended dec .31 , 2006 is included in exhibit 99.2 filed with this form 10-k and is incorporated herein by reference .this information is also reported in the eleven-year digest on page 72 of the annual report under the captions net sales , income ( loss ) before accounting changes , cumulative effect of accounting changes , net income ( loss ) , earnings ( loss ) per common share before accounting changes , cumulative effect of accounting changes on earnings ( loss ) per common share , earnings ( loss ) per common share , earnings ( loss ) per common share 2013 assuming dilution , dividends per share , total assets and long-term debt for the years 2002 through 2006 .item 7 .management 2019s discussion and analysis of financial condition and results of operations performance in 2006 compared with 2005 performance overview our sales increased 8% ( 8 % ) to $ 11.0 billion in 2006 compared to $ 10.2 billion in 2005 .sales increased 4% ( 4 % ) due to the impact of acquisitions , 2% ( 2 % ) due to increased volumes , and 2% ( 2 % ) due to increased selling prices .cost of sales as a percentage of sales increased slightly to 63.7% ( 63.7 % ) compared to 63.5% ( 63.5 % ) in 2005 .selling , general and administrative expense increased slightly as a percentage of sales to 17.9% ( 17.9 % ) compared to 17.4% ( 17.4 % ) in 2005 .these costs increased primarily due to higher expenses related to store expansions in our architectural coatings operating segment and increased advertising to promote growth in our optical products operating segment .other charges decreased $ 81 million in 2006 .other charges in 2006 included pretax charges of $ 185 million for estimated environmental remediation costs at sites in new jersey and $ 42 million for legal settlements offset in part by pretax earnings of $ 44 million for insurance recoveries related to the marvin legal settlement and to hurricane rita .other charges in 2005 included pretax charges of $ 132 million related to the marvin legal settlement net of related insurance recoveries of $ 18 million , $ 61 million for the federal glass class action antitrust legal settlement , $ 34 million of direct costs related to the impact of hurricanes rita and katrina , $ 27 million for an asset impairment charge in our fine chemicals operating segment and $ 19 million for debt refinancing costs .other earnings increased $ 30 million in 2006 due to higher equity earnings , primarily from our asian fiber glass joint ventures , and higher royalty income .net income and earnings per share 2013 assuming dilution for 2006 were $ 711 million and $ 4.27 , respectively , compared to $ 596 million and $ 3.49 , respectively , for 2005 .net income in 2006 included aftertax charges of $ 106 million , or 64 cents a share , for estimated environmental remediation costs at sites in new jersey and louisiana in the third quarter ; $ 26 million , or 15 cents a share , for legal settlements ; $ 23 million , or 14 cents a share for business restructuring ; $ 17 million , or 10 cents a share , to reflect the net increase in the current value of the company 2019s obligation relating to asbestos claims under the ppg settlement arrangement ; and aftertax earnings of $ 24 million , or 14 cents a share for insurance recoveries .net income in 2005 included aftertax charges of $ 117 million , or 68 cents a share for legal settlements net of insurance ; $ 21 million , or 12 cents a share for direct costs related to the impact of hurricanes katrina and rita ; $ 17 million , or 10 cents a share , related to an asset impairment charge related to our fine chemicals operating segment ; $ 12 million , or 7 cents a share , for debt refinancing cost ; and $ 13 million , or 8 cents a share , to reflect the net increase in the current 2006 ppg annual report and form 10-k 19 4282_txt to be issued options , number of .
Question: what were earnings per share in 2006?
| 4.27 | 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.
equity compensation plan information the plan documents for the plans described in the footnotes below are included as exhibits to this form 10-k , and are incorporated herein by reference in their entirety .the following table provides information as of dec .31 , 2006 regarding the number of shares of ppg common stock that may be issued under ppg 2019s equity compensation plans .plan category securities exercise of outstanding options , warrants and rights weighted- average exercise price of outstanding warrants and rights number of securities remaining available for future issuance under equity compensation ( excluding securities reflected in column ( a ) ) equity compensation plans approved by security holders ( 1 ) 9413216 $ 58.35 10265556 equity compensation plans not approved by security holders ( 2 ) , ( 3 ) 2089300 $ 70.00 2014 . plan category | numberof securities to be issued upon exercise of outstanding options warrants and rights ( a ) | weighted- average exercise price of outstanding options warrants and rights ( b ) | number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( c )
equity compensation plans approved by security holders ( 1 ) | 9413216 | $ 58.35 | 10265556
equity compensation plans not approved by security holders ( 2 ) ( 3 ) | 2089300 | $ 70.00 | 2014
total | 11502516 | $ 60.57 | 10265556 ( 1 ) equity compensation plans approved by security holders include the ppg industries , inc .stock plan , the ppg omnibus plan , the ppg industries , inc .executive officers 2019 long term incentive plan , and the ppg industries inc .long term incentive plan .( 2 ) equity compensation plans not approved by security holders include the ppg industries , inc .challenge 2000 stock plan .this plan is a broad- based stock option plan under which the company granted to substantially all active employees of the company and its majority owned subsidiaries on july 1 , 1998 , the option to purchase 100 shares of the company 2019s common stock at its then fair market value of $ 70.00 per share .options became exercisable on july 1 , 2003 , and expire on june 30 , 2008 .there were 2089300 shares issuable upon exercise of options outstanding under this plan as of dec .31 , 2006 .( 3 ) excluded from the information presented here are common stock equivalents held under the ppg industries , inc .deferred compensation plan , the ppg industries , inc .deferred compensation plan for directors and the ppg industries , inc .directors 2019 common stock plan , none of which are equity compensation plans .as supplemental information , there were 491168 common stock equivalents held under such plans as of dec .31 , 2006 .item 6 .selected financial data the information required by item 6 regarding the selected financial data for the five years ended dec .31 , 2006 is included in exhibit 99.2 filed with this form 10-k and is incorporated herein by reference .this information is also reported in the eleven-year digest on page 72 of the annual report under the captions net sales , income ( loss ) before accounting changes , cumulative effect of accounting changes , net income ( loss ) , earnings ( loss ) per common share before accounting changes , cumulative effect of accounting changes on earnings ( loss ) per common share , earnings ( loss ) per common share , earnings ( loss ) per common share 2013 assuming dilution , dividends per share , total assets and long-term debt for the years 2002 through 2006 .item 7 .management 2019s discussion and analysis of financial condition and results of operations performance in 2006 compared with 2005 performance overview our sales increased 8% ( 8 % ) to $ 11.0 billion in 2006 compared to $ 10.2 billion in 2005 .sales increased 4% ( 4 % ) due to the impact of acquisitions , 2% ( 2 % ) due to increased volumes , and 2% ( 2 % ) due to increased selling prices .cost of sales as a percentage of sales increased slightly to 63.7% ( 63.7 % ) compared to 63.5% ( 63.5 % ) in 2005 .selling , general and administrative expense increased slightly as a percentage of sales to 17.9% ( 17.9 % ) compared to 17.4% ( 17.4 % ) in 2005 .these costs increased primarily due to higher expenses related to store expansions in our architectural coatings operating segment and increased advertising to promote growth in our optical products operating segment .other charges decreased $ 81 million in 2006 .other charges in 2006 included pretax charges of $ 185 million for estimated environmental remediation costs at sites in new jersey and $ 42 million for legal settlements offset in part by pretax earnings of $ 44 million for insurance recoveries related to the marvin legal settlement and to hurricane rita .other charges in 2005 included pretax charges of $ 132 million related to the marvin legal settlement net of related insurance recoveries of $ 18 million , $ 61 million for the federal glass class action antitrust legal settlement , $ 34 million of direct costs related to the impact of hurricanes rita and katrina , $ 27 million for an asset impairment charge in our fine chemicals operating segment and $ 19 million for debt refinancing costs .other earnings increased $ 30 million in 2006 due to higher equity earnings , primarily from our asian fiber glass joint ventures , and higher royalty income .net income and earnings per share 2013 assuming dilution for 2006 were $ 711 million and $ 4.27 , respectively , compared to $ 596 million and $ 3.49 , respectively , for 2005 .net income in 2006 included aftertax charges of $ 106 million , or 64 cents a share , for estimated environmental remediation costs at sites in new jersey and louisiana in the third quarter ; $ 26 million , or 15 cents a share , for legal settlements ; $ 23 million , or 14 cents a share for business restructuring ; $ 17 million , or 10 cents a share , to reflect the net increase in the current value of the company 2019s obligation relating to asbestos claims under the ppg settlement arrangement ; and aftertax earnings of $ 24 million , or 14 cents a share for insurance recoveries .net income in 2005 included aftertax charges of $ 117 million , or 68 cents a share for legal settlements net of insurance ; $ 21 million , or 12 cents a share for direct costs related to the impact of hurricanes katrina and rita ; $ 17 million , or 10 cents a share , related to an asset impairment charge related to our fine chemicals operating segment ; $ 12 million , or 7 cents a share , for debt refinancing cost ; and $ 13 million , or 8 cents a share , to reflect the net increase in the current 2006 ppg annual report and form 10-k 19 4282_txt to be issued options , number of .
Question: what were earnings per share in 2006?
| convfinqa2128 |
equity compensation plan information the plan documents for the plans described in the footnotes below are included as exhibits to this form 10-k , and are incorporated herein by reference in their entirety .the following table provides information as of dec .31 , 2006 regarding the number of shares of ppg common stock that may be issued under ppg 2019s equity compensation plans .plan category securities exercise of outstanding options , warrants and rights weighted- average exercise price of outstanding warrants and rights number of securities remaining available for future issuance under equity compensation ( excluding securities reflected in column ( a ) ) equity compensation plans approved by security holders ( 1 ) 9413216 $ 58.35 10265556 equity compensation plans not approved by security holders ( 2 ) , ( 3 ) 2089300 $ 70.00 2014 . plan category | numberof securities to be issued upon exercise of outstanding options warrants and rights ( a ) | weighted- average exercise price of outstanding options warrants and rights ( b ) | number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( c )
equity compensation plans approved by security holders ( 1 ) | 9413216 | $ 58.35 | 10265556
equity compensation plans not approved by security holders ( 2 ) ( 3 ) | 2089300 | $ 70.00 | 2014
total | 11502516 | $ 60.57 | 10265556 ( 1 ) equity compensation plans approved by security holders include the ppg industries , inc .stock plan , the ppg omnibus plan , the ppg industries , inc .executive officers 2019 long term incentive plan , and the ppg industries inc .long term incentive plan .( 2 ) equity compensation plans not approved by security holders include the ppg industries , inc .challenge 2000 stock plan .this plan is a broad- based stock option plan under which the company granted to substantially all active employees of the company and its majority owned subsidiaries on july 1 , 1998 , the option to purchase 100 shares of the company 2019s common stock at its then fair market value of $ 70.00 per share .options became exercisable on july 1 , 2003 , and expire on june 30 , 2008 .there were 2089300 shares issuable upon exercise of options outstanding under this plan as of dec .31 , 2006 .( 3 ) excluded from the information presented here are common stock equivalents held under the ppg industries , inc .deferred compensation plan , the ppg industries , inc .deferred compensation plan for directors and the ppg industries , inc .directors 2019 common stock plan , none of which are equity compensation plans .as supplemental information , there were 491168 common stock equivalents held under such plans as of dec .31 , 2006 .item 6 .selected financial data the information required by item 6 regarding the selected financial data for the five years ended dec .31 , 2006 is included in exhibit 99.2 filed with this form 10-k and is incorporated herein by reference .this information is also reported in the eleven-year digest on page 72 of the annual report under the captions net sales , income ( loss ) before accounting changes , cumulative effect of accounting changes , net income ( loss ) , earnings ( loss ) per common share before accounting changes , cumulative effect of accounting changes on earnings ( loss ) per common share , earnings ( loss ) per common share , earnings ( loss ) per common share 2013 assuming dilution , dividends per share , total assets and long-term debt for the years 2002 through 2006 .item 7 .management 2019s discussion and analysis of financial condition and results of operations performance in 2006 compared with 2005 performance overview our sales increased 8% ( 8 % ) to $ 11.0 billion in 2006 compared to $ 10.2 billion in 2005 .sales increased 4% ( 4 % ) due to the impact of acquisitions , 2% ( 2 % ) due to increased volumes , and 2% ( 2 % ) due to increased selling prices .cost of sales as a percentage of sales increased slightly to 63.7% ( 63.7 % ) compared to 63.5% ( 63.5 % ) in 2005 .selling , general and administrative expense increased slightly as a percentage of sales to 17.9% ( 17.9 % ) compared to 17.4% ( 17.4 % ) in 2005 .these costs increased primarily due to higher expenses related to store expansions in our architectural coatings operating segment and increased advertising to promote growth in our optical products operating segment .other charges decreased $ 81 million in 2006 .other charges in 2006 included pretax charges of $ 185 million for estimated environmental remediation costs at sites in new jersey and $ 42 million for legal settlements offset in part by pretax earnings of $ 44 million for insurance recoveries related to the marvin legal settlement and to hurricane rita .other charges in 2005 included pretax charges of $ 132 million related to the marvin legal settlement net of related insurance recoveries of $ 18 million , $ 61 million for the federal glass class action antitrust legal settlement , $ 34 million of direct costs related to the impact of hurricanes rita and katrina , $ 27 million for an asset impairment charge in our fine chemicals operating segment and $ 19 million for debt refinancing costs .other earnings increased $ 30 million in 2006 due to higher equity earnings , primarily from our asian fiber glass joint ventures , and higher royalty income .net income and earnings per share 2013 assuming dilution for 2006 were $ 711 million and $ 4.27 , respectively , compared to $ 596 million and $ 3.49 , respectively , for 2005 .net income in 2006 included aftertax charges of $ 106 million , or 64 cents a share , for estimated environmental remediation costs at sites in new jersey and louisiana in the third quarter ; $ 26 million , or 15 cents a share , for legal settlements ; $ 23 million , or 14 cents a share for business restructuring ; $ 17 million , or 10 cents a share , to reflect the net increase in the current value of the company 2019s obligation relating to asbestos claims under the ppg settlement arrangement ; and aftertax earnings of $ 24 million , or 14 cents a share for insurance recoveries .net income in 2005 included aftertax charges of $ 117 million , or 68 cents a share for legal settlements net of insurance ; $ 21 million , or 12 cents a share for direct costs related to the impact of hurricanes katrina and rita ; $ 17 million , or 10 cents a share , related to an asset impairment charge related to our fine chemicals operating segment ; $ 12 million , or 7 cents a share , for debt refinancing cost ; and $ 13 million , or 8 cents a share , to reflect the net increase in the current 2006 ppg annual report and form 10-k 19 4282_txt to be issued options , number of .
Question: what were earnings per share in 2006?
Steps: Ask for number 4.27
Answer: 4.27
Question: what were they in 2005?
| 3.49 | 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.
equity compensation plan information the plan documents for the plans described in the footnotes below are included as exhibits to this form 10-k , and are incorporated herein by reference in their entirety .the following table provides information as of dec .31 , 2006 regarding the number of shares of ppg common stock that may be issued under ppg 2019s equity compensation plans .plan category securities exercise of outstanding options , warrants and rights weighted- average exercise price of outstanding warrants and rights number of securities remaining available for future issuance under equity compensation ( excluding securities reflected in column ( a ) ) equity compensation plans approved by security holders ( 1 ) 9413216 $ 58.35 10265556 equity compensation plans not approved by security holders ( 2 ) , ( 3 ) 2089300 $ 70.00 2014 . plan category | numberof securities to be issued upon exercise of outstanding options warrants and rights ( a ) | weighted- average exercise price of outstanding options warrants and rights ( b ) | number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( c )
equity compensation plans approved by security holders ( 1 ) | 9413216 | $ 58.35 | 10265556
equity compensation plans not approved by security holders ( 2 ) ( 3 ) | 2089300 | $ 70.00 | 2014
total | 11502516 | $ 60.57 | 10265556 ( 1 ) equity compensation plans approved by security holders include the ppg industries , inc .stock plan , the ppg omnibus plan , the ppg industries , inc .executive officers 2019 long term incentive plan , and the ppg industries inc .long term incentive plan .( 2 ) equity compensation plans not approved by security holders include the ppg industries , inc .challenge 2000 stock plan .this plan is a broad- based stock option plan under which the company granted to substantially all active employees of the company and its majority owned subsidiaries on july 1 , 1998 , the option to purchase 100 shares of the company 2019s common stock at its then fair market value of $ 70.00 per share .options became exercisable on july 1 , 2003 , and expire on june 30 , 2008 .there were 2089300 shares issuable upon exercise of options outstanding under this plan as of dec .31 , 2006 .( 3 ) excluded from the information presented here are common stock equivalents held under the ppg industries , inc .deferred compensation plan , the ppg industries , inc .deferred compensation plan for directors and the ppg industries , inc .directors 2019 common stock plan , none of which are equity compensation plans .as supplemental information , there were 491168 common stock equivalents held under such plans as of dec .31 , 2006 .item 6 .selected financial data the information required by item 6 regarding the selected financial data for the five years ended dec .31 , 2006 is included in exhibit 99.2 filed with this form 10-k and is incorporated herein by reference .this information is also reported in the eleven-year digest on page 72 of the annual report under the captions net sales , income ( loss ) before accounting changes , cumulative effect of accounting changes , net income ( loss ) , earnings ( loss ) per common share before accounting changes , cumulative effect of accounting changes on earnings ( loss ) per common share , earnings ( loss ) per common share , earnings ( loss ) per common share 2013 assuming dilution , dividends per share , total assets and long-term debt for the years 2002 through 2006 .item 7 .management 2019s discussion and analysis of financial condition and results of operations performance in 2006 compared with 2005 performance overview our sales increased 8% ( 8 % ) to $ 11.0 billion in 2006 compared to $ 10.2 billion in 2005 .sales increased 4% ( 4 % ) due to the impact of acquisitions , 2% ( 2 % ) due to increased volumes , and 2% ( 2 % ) due to increased selling prices .cost of sales as a percentage of sales increased slightly to 63.7% ( 63.7 % ) compared to 63.5% ( 63.5 % ) in 2005 .selling , general and administrative expense increased slightly as a percentage of sales to 17.9% ( 17.9 % ) compared to 17.4% ( 17.4 % ) in 2005 .these costs increased primarily due to higher expenses related to store expansions in our architectural coatings operating segment and increased advertising to promote growth in our optical products operating segment .other charges decreased $ 81 million in 2006 .other charges in 2006 included pretax charges of $ 185 million for estimated environmental remediation costs at sites in new jersey and $ 42 million for legal settlements offset in part by pretax earnings of $ 44 million for insurance recoveries related to the marvin legal settlement and to hurricane rita .other charges in 2005 included pretax charges of $ 132 million related to the marvin legal settlement net of related insurance recoveries of $ 18 million , $ 61 million for the federal glass class action antitrust legal settlement , $ 34 million of direct costs related to the impact of hurricanes rita and katrina , $ 27 million for an asset impairment charge in our fine chemicals operating segment and $ 19 million for debt refinancing costs .other earnings increased $ 30 million in 2006 due to higher equity earnings , primarily from our asian fiber glass joint ventures , and higher royalty income .net income and earnings per share 2013 assuming dilution for 2006 were $ 711 million and $ 4.27 , respectively , compared to $ 596 million and $ 3.49 , respectively , for 2005 .net income in 2006 included aftertax charges of $ 106 million , or 64 cents a share , for estimated environmental remediation costs at sites in new jersey and louisiana in the third quarter ; $ 26 million , or 15 cents a share , for legal settlements ; $ 23 million , or 14 cents a share for business restructuring ; $ 17 million , or 10 cents a share , to reflect the net increase in the current value of the company 2019s obligation relating to asbestos claims under the ppg settlement arrangement ; and aftertax earnings of $ 24 million , or 14 cents a share for insurance recoveries .net income in 2005 included aftertax charges of $ 117 million , or 68 cents a share for legal settlements net of insurance ; $ 21 million , or 12 cents a share for direct costs related to the impact of hurricanes katrina and rita ; $ 17 million , or 10 cents a share , related to an asset impairment charge related to our fine chemicals operating segment ; $ 12 million , or 7 cents a share , for debt refinancing cost ; and $ 13 million , or 8 cents a share , to reflect the net increase in the current 2006 ppg annual report and form 10-k 19 4282_txt to be issued options , number of .
Question: what were earnings per share in 2006?
Steps: Ask for number 4.27
Answer: 4.27
Question: what were they in 2005?
| convfinqa2129 |
equity compensation plan information the plan documents for the plans described in the footnotes below are included as exhibits to this form 10-k , and are incorporated herein by reference in their entirety .the following table provides information as of dec .31 , 2006 regarding the number of shares of ppg common stock that may be issued under ppg 2019s equity compensation plans .plan category securities exercise of outstanding options , warrants and rights weighted- average exercise price of outstanding warrants and rights number of securities remaining available for future issuance under equity compensation ( excluding securities reflected in column ( a ) ) equity compensation plans approved by security holders ( 1 ) 9413216 $ 58.35 10265556 equity compensation plans not approved by security holders ( 2 ) , ( 3 ) 2089300 $ 70.00 2014 . plan category | numberof securities to be issued upon exercise of outstanding options warrants and rights ( a ) | weighted- average exercise price of outstanding options warrants and rights ( b ) | number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( c )
equity compensation plans approved by security holders ( 1 ) | 9413216 | $ 58.35 | 10265556
equity compensation plans not approved by security holders ( 2 ) ( 3 ) | 2089300 | $ 70.00 | 2014
total | 11502516 | $ 60.57 | 10265556 ( 1 ) equity compensation plans approved by security holders include the ppg industries , inc .stock plan , the ppg omnibus plan , the ppg industries , inc .executive officers 2019 long term incentive plan , and the ppg industries inc .long term incentive plan .( 2 ) equity compensation plans not approved by security holders include the ppg industries , inc .challenge 2000 stock plan .this plan is a broad- based stock option plan under which the company granted to substantially all active employees of the company and its majority owned subsidiaries on july 1 , 1998 , the option to purchase 100 shares of the company 2019s common stock at its then fair market value of $ 70.00 per share .options became exercisable on july 1 , 2003 , and expire on june 30 , 2008 .there were 2089300 shares issuable upon exercise of options outstanding under this plan as of dec .31 , 2006 .( 3 ) excluded from the information presented here are common stock equivalents held under the ppg industries , inc .deferred compensation plan , the ppg industries , inc .deferred compensation plan for directors and the ppg industries , inc .directors 2019 common stock plan , none of which are equity compensation plans .as supplemental information , there were 491168 common stock equivalents held under such plans as of dec .31 , 2006 .item 6 .selected financial data the information required by item 6 regarding the selected financial data for the five years ended dec .31 , 2006 is included in exhibit 99.2 filed with this form 10-k and is incorporated herein by reference .this information is also reported in the eleven-year digest on page 72 of the annual report under the captions net sales , income ( loss ) before accounting changes , cumulative effect of accounting changes , net income ( loss ) , earnings ( loss ) per common share before accounting changes , cumulative effect of accounting changes on earnings ( loss ) per common share , earnings ( loss ) per common share , earnings ( loss ) per common share 2013 assuming dilution , dividends per share , total assets and long-term debt for the years 2002 through 2006 .item 7 .management 2019s discussion and analysis of financial condition and results of operations performance in 2006 compared with 2005 performance overview our sales increased 8% ( 8 % ) to $ 11.0 billion in 2006 compared to $ 10.2 billion in 2005 .sales increased 4% ( 4 % ) due to the impact of acquisitions , 2% ( 2 % ) due to increased volumes , and 2% ( 2 % ) due to increased selling prices .cost of sales as a percentage of sales increased slightly to 63.7% ( 63.7 % ) compared to 63.5% ( 63.5 % ) in 2005 .selling , general and administrative expense increased slightly as a percentage of sales to 17.9% ( 17.9 % ) compared to 17.4% ( 17.4 % ) in 2005 .these costs increased primarily due to higher expenses related to store expansions in our architectural coatings operating segment and increased advertising to promote growth in our optical products operating segment .other charges decreased $ 81 million in 2006 .other charges in 2006 included pretax charges of $ 185 million for estimated environmental remediation costs at sites in new jersey and $ 42 million for legal settlements offset in part by pretax earnings of $ 44 million for insurance recoveries related to the marvin legal settlement and to hurricane rita .other charges in 2005 included pretax charges of $ 132 million related to the marvin legal settlement net of related insurance recoveries of $ 18 million , $ 61 million for the federal glass class action antitrust legal settlement , $ 34 million of direct costs related to the impact of hurricanes rita and katrina , $ 27 million for an asset impairment charge in our fine chemicals operating segment and $ 19 million for debt refinancing costs .other earnings increased $ 30 million in 2006 due to higher equity earnings , primarily from our asian fiber glass joint ventures , and higher royalty income .net income and earnings per share 2013 assuming dilution for 2006 were $ 711 million and $ 4.27 , respectively , compared to $ 596 million and $ 3.49 , respectively , for 2005 .net income in 2006 included aftertax charges of $ 106 million , or 64 cents a share , for estimated environmental remediation costs at sites in new jersey and louisiana in the third quarter ; $ 26 million , or 15 cents a share , for legal settlements ; $ 23 million , or 14 cents a share for business restructuring ; $ 17 million , or 10 cents a share , to reflect the net increase in the current value of the company 2019s obligation relating to asbestos claims under the ppg settlement arrangement ; and aftertax earnings of $ 24 million , or 14 cents a share for insurance recoveries .net income in 2005 included aftertax charges of $ 117 million , or 68 cents a share for legal settlements net of insurance ; $ 21 million , or 12 cents a share for direct costs related to the impact of hurricanes katrina and rita ; $ 17 million , or 10 cents a share , related to an asset impairment charge related to our fine chemicals operating segment ; $ 12 million , or 7 cents a share , for debt refinancing cost ; and $ 13 million , or 8 cents a share , to reflect the net increase in the current 2006 ppg annual report and form 10-k 19 4282_txt to be issued options , number of .
Question: what were earnings per share in 2006?
Steps: Ask for number 4.27
Answer: 4.27
Question: what were they in 2005?
Steps: Ask for number 3.49
Answer: 3.49
Question: what is the net change?
| 0.78 | 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.
equity compensation plan information the plan documents for the plans described in the footnotes below are included as exhibits to this form 10-k , and are incorporated herein by reference in their entirety .the following table provides information as of dec .31 , 2006 regarding the number of shares of ppg common stock that may be issued under ppg 2019s equity compensation plans .plan category securities exercise of outstanding options , warrants and rights weighted- average exercise price of outstanding warrants and rights number of securities remaining available for future issuance under equity compensation ( excluding securities reflected in column ( a ) ) equity compensation plans approved by security holders ( 1 ) 9413216 $ 58.35 10265556 equity compensation plans not approved by security holders ( 2 ) , ( 3 ) 2089300 $ 70.00 2014 . plan category | numberof securities to be issued upon exercise of outstanding options warrants and rights ( a ) | weighted- average exercise price of outstanding options warrants and rights ( b ) | number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( c )
equity compensation plans approved by security holders ( 1 ) | 9413216 | $ 58.35 | 10265556
equity compensation plans not approved by security holders ( 2 ) ( 3 ) | 2089300 | $ 70.00 | 2014
total | 11502516 | $ 60.57 | 10265556 ( 1 ) equity compensation plans approved by security holders include the ppg industries , inc .stock plan , the ppg omnibus plan , the ppg industries , inc .executive officers 2019 long term incentive plan , and the ppg industries inc .long term incentive plan .( 2 ) equity compensation plans not approved by security holders include the ppg industries , inc .challenge 2000 stock plan .this plan is a broad- based stock option plan under which the company granted to substantially all active employees of the company and its majority owned subsidiaries on july 1 , 1998 , the option to purchase 100 shares of the company 2019s common stock at its then fair market value of $ 70.00 per share .options became exercisable on july 1 , 2003 , and expire on june 30 , 2008 .there were 2089300 shares issuable upon exercise of options outstanding under this plan as of dec .31 , 2006 .( 3 ) excluded from the information presented here are common stock equivalents held under the ppg industries , inc .deferred compensation plan , the ppg industries , inc .deferred compensation plan for directors and the ppg industries , inc .directors 2019 common stock plan , none of which are equity compensation plans .as supplemental information , there were 491168 common stock equivalents held under such plans as of dec .31 , 2006 .item 6 .selected financial data the information required by item 6 regarding the selected financial data for the five years ended dec .31 , 2006 is included in exhibit 99.2 filed with this form 10-k and is incorporated herein by reference .this information is also reported in the eleven-year digest on page 72 of the annual report under the captions net sales , income ( loss ) before accounting changes , cumulative effect of accounting changes , net income ( loss ) , earnings ( loss ) per common share before accounting changes , cumulative effect of accounting changes on earnings ( loss ) per common share , earnings ( loss ) per common share , earnings ( loss ) per common share 2013 assuming dilution , dividends per share , total assets and long-term debt for the years 2002 through 2006 .item 7 .management 2019s discussion and analysis of financial condition and results of operations performance in 2006 compared with 2005 performance overview our sales increased 8% ( 8 % ) to $ 11.0 billion in 2006 compared to $ 10.2 billion in 2005 .sales increased 4% ( 4 % ) due to the impact of acquisitions , 2% ( 2 % ) due to increased volumes , and 2% ( 2 % ) due to increased selling prices .cost of sales as a percentage of sales increased slightly to 63.7% ( 63.7 % ) compared to 63.5% ( 63.5 % ) in 2005 .selling , general and administrative expense increased slightly as a percentage of sales to 17.9% ( 17.9 % ) compared to 17.4% ( 17.4 % ) in 2005 .these costs increased primarily due to higher expenses related to store expansions in our architectural coatings operating segment and increased advertising to promote growth in our optical products operating segment .other charges decreased $ 81 million in 2006 .other charges in 2006 included pretax charges of $ 185 million for estimated environmental remediation costs at sites in new jersey and $ 42 million for legal settlements offset in part by pretax earnings of $ 44 million for insurance recoveries related to the marvin legal settlement and to hurricane rita .other charges in 2005 included pretax charges of $ 132 million related to the marvin legal settlement net of related insurance recoveries of $ 18 million , $ 61 million for the federal glass class action antitrust legal settlement , $ 34 million of direct costs related to the impact of hurricanes rita and katrina , $ 27 million for an asset impairment charge in our fine chemicals operating segment and $ 19 million for debt refinancing costs .other earnings increased $ 30 million in 2006 due to higher equity earnings , primarily from our asian fiber glass joint ventures , and higher royalty income .net income and earnings per share 2013 assuming dilution for 2006 were $ 711 million and $ 4.27 , respectively , compared to $ 596 million and $ 3.49 , respectively , for 2005 .net income in 2006 included aftertax charges of $ 106 million , or 64 cents a share , for estimated environmental remediation costs at sites in new jersey and louisiana in the third quarter ; $ 26 million , or 15 cents a share , for legal settlements ; $ 23 million , or 14 cents a share for business restructuring ; $ 17 million , or 10 cents a share , to reflect the net increase in the current value of the company 2019s obligation relating to asbestos claims under the ppg settlement arrangement ; and aftertax earnings of $ 24 million , or 14 cents a share for insurance recoveries .net income in 2005 included aftertax charges of $ 117 million , or 68 cents a share for legal settlements net of insurance ; $ 21 million , or 12 cents a share for direct costs related to the impact of hurricanes katrina and rita ; $ 17 million , or 10 cents a share , related to an asset impairment charge related to our fine chemicals operating segment ; $ 12 million , or 7 cents a share , for debt refinancing cost ; and $ 13 million , or 8 cents a share , to reflect the net increase in the current 2006 ppg annual report and form 10-k 19 4282_txt to be issued options , number of .
Question: what were earnings per share in 2006?
Steps: Ask for number 4.27
Answer: 4.27
Question: what were they in 2005?
Steps: Ask for number 3.49
Answer: 3.49
Question: what is the net change?
| convfinqa2130 |
equity compensation plan information the plan documents for the plans described in the footnotes below are included as exhibits to this form 10-k , and are incorporated herein by reference in their entirety .the following table provides information as of dec .31 , 2006 regarding the number of shares of ppg common stock that may be issued under ppg 2019s equity compensation plans .plan category securities exercise of outstanding options , warrants and rights weighted- average exercise price of outstanding warrants and rights number of securities remaining available for future issuance under equity compensation ( excluding securities reflected in column ( a ) ) equity compensation plans approved by security holders ( 1 ) 9413216 $ 58.35 10265556 equity compensation plans not approved by security holders ( 2 ) , ( 3 ) 2089300 $ 70.00 2014 . plan category | numberof securities to be issued upon exercise of outstanding options warrants and rights ( a ) | weighted- average exercise price of outstanding options warrants and rights ( b ) | number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( c )
equity compensation plans approved by security holders ( 1 ) | 9413216 | $ 58.35 | 10265556
equity compensation plans not approved by security holders ( 2 ) ( 3 ) | 2089300 | $ 70.00 | 2014
total | 11502516 | $ 60.57 | 10265556 ( 1 ) equity compensation plans approved by security holders include the ppg industries , inc .stock plan , the ppg omnibus plan , the ppg industries , inc .executive officers 2019 long term incentive plan , and the ppg industries inc .long term incentive plan .( 2 ) equity compensation plans not approved by security holders include the ppg industries , inc .challenge 2000 stock plan .this plan is a broad- based stock option plan under which the company granted to substantially all active employees of the company and its majority owned subsidiaries on july 1 , 1998 , the option to purchase 100 shares of the company 2019s common stock at its then fair market value of $ 70.00 per share .options became exercisable on july 1 , 2003 , and expire on june 30 , 2008 .there were 2089300 shares issuable upon exercise of options outstanding under this plan as of dec .31 , 2006 .( 3 ) excluded from the information presented here are common stock equivalents held under the ppg industries , inc .deferred compensation plan , the ppg industries , inc .deferred compensation plan for directors and the ppg industries , inc .directors 2019 common stock plan , none of which are equity compensation plans .as supplemental information , there were 491168 common stock equivalents held under such plans as of dec .31 , 2006 .item 6 .selected financial data the information required by item 6 regarding the selected financial data for the five years ended dec .31 , 2006 is included in exhibit 99.2 filed with this form 10-k and is incorporated herein by reference .this information is also reported in the eleven-year digest on page 72 of the annual report under the captions net sales , income ( loss ) before accounting changes , cumulative effect of accounting changes , net income ( loss ) , earnings ( loss ) per common share before accounting changes , cumulative effect of accounting changes on earnings ( loss ) per common share , earnings ( loss ) per common share , earnings ( loss ) per common share 2013 assuming dilution , dividends per share , total assets and long-term debt for the years 2002 through 2006 .item 7 .management 2019s discussion and analysis of financial condition and results of operations performance in 2006 compared with 2005 performance overview our sales increased 8% ( 8 % ) to $ 11.0 billion in 2006 compared to $ 10.2 billion in 2005 .sales increased 4% ( 4 % ) due to the impact of acquisitions , 2% ( 2 % ) due to increased volumes , and 2% ( 2 % ) due to increased selling prices .cost of sales as a percentage of sales increased slightly to 63.7% ( 63.7 % ) compared to 63.5% ( 63.5 % ) in 2005 .selling , general and administrative expense increased slightly as a percentage of sales to 17.9% ( 17.9 % ) compared to 17.4% ( 17.4 % ) in 2005 .these costs increased primarily due to higher expenses related to store expansions in our architectural coatings operating segment and increased advertising to promote growth in our optical products operating segment .other charges decreased $ 81 million in 2006 .other charges in 2006 included pretax charges of $ 185 million for estimated environmental remediation costs at sites in new jersey and $ 42 million for legal settlements offset in part by pretax earnings of $ 44 million for insurance recoveries related to the marvin legal settlement and to hurricane rita .other charges in 2005 included pretax charges of $ 132 million related to the marvin legal settlement net of related insurance recoveries of $ 18 million , $ 61 million for the federal glass class action antitrust legal settlement , $ 34 million of direct costs related to the impact of hurricanes rita and katrina , $ 27 million for an asset impairment charge in our fine chemicals operating segment and $ 19 million for debt refinancing costs .other earnings increased $ 30 million in 2006 due to higher equity earnings , primarily from our asian fiber glass joint ventures , and higher royalty income .net income and earnings per share 2013 assuming dilution for 2006 were $ 711 million and $ 4.27 , respectively , compared to $ 596 million and $ 3.49 , respectively , for 2005 .net income in 2006 included aftertax charges of $ 106 million , or 64 cents a share , for estimated environmental remediation costs at sites in new jersey and louisiana in the third quarter ; $ 26 million , or 15 cents a share , for legal settlements ; $ 23 million , or 14 cents a share for business restructuring ; $ 17 million , or 10 cents a share , to reflect the net increase in the current value of the company 2019s obligation relating to asbestos claims under the ppg settlement arrangement ; and aftertax earnings of $ 24 million , or 14 cents a share for insurance recoveries .net income in 2005 included aftertax charges of $ 117 million , or 68 cents a share for legal settlements net of insurance ; $ 21 million , or 12 cents a share for direct costs related to the impact of hurricanes katrina and rita ; $ 17 million , or 10 cents a share , related to an asset impairment charge related to our fine chemicals operating segment ; $ 12 million , or 7 cents a share , for debt refinancing cost ; and $ 13 million , or 8 cents a share , to reflect the net increase in the current 2006 ppg annual report and form 10-k 19 4282_txt to be issued options , number of .
Question: what were earnings per share in 2006?
Steps: Ask for number 4.27
Answer: 4.27
Question: what were they in 2005?
Steps: Ask for number 3.49
Answer: 3.49
Question: what is the net change?
Steps: subtract(4.27, 3.49)
Answer: 0.78
Question: what were they in 2005?
| 3.49 | 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.
equity compensation plan information the plan documents for the plans described in the footnotes below are included as exhibits to this form 10-k , and are incorporated herein by reference in their entirety .the following table provides information as of dec .31 , 2006 regarding the number of shares of ppg common stock that may be issued under ppg 2019s equity compensation plans .plan category securities exercise of outstanding options , warrants and rights weighted- average exercise price of outstanding warrants and rights number of securities remaining available for future issuance under equity compensation ( excluding securities reflected in column ( a ) ) equity compensation plans approved by security holders ( 1 ) 9413216 $ 58.35 10265556 equity compensation plans not approved by security holders ( 2 ) , ( 3 ) 2089300 $ 70.00 2014 . plan category | numberof securities to be issued upon exercise of outstanding options warrants and rights ( a ) | weighted- average exercise price of outstanding options warrants and rights ( b ) | number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( c )
equity compensation plans approved by security holders ( 1 ) | 9413216 | $ 58.35 | 10265556
equity compensation plans not approved by security holders ( 2 ) ( 3 ) | 2089300 | $ 70.00 | 2014
total | 11502516 | $ 60.57 | 10265556 ( 1 ) equity compensation plans approved by security holders include the ppg industries , inc .stock plan , the ppg omnibus plan , the ppg industries , inc .executive officers 2019 long term incentive plan , and the ppg industries inc .long term incentive plan .( 2 ) equity compensation plans not approved by security holders include the ppg industries , inc .challenge 2000 stock plan .this plan is a broad- based stock option plan under which the company granted to substantially all active employees of the company and its majority owned subsidiaries on july 1 , 1998 , the option to purchase 100 shares of the company 2019s common stock at its then fair market value of $ 70.00 per share .options became exercisable on july 1 , 2003 , and expire on june 30 , 2008 .there were 2089300 shares issuable upon exercise of options outstanding under this plan as of dec .31 , 2006 .( 3 ) excluded from the information presented here are common stock equivalents held under the ppg industries , inc .deferred compensation plan , the ppg industries , inc .deferred compensation plan for directors and the ppg industries , inc .directors 2019 common stock plan , none of which are equity compensation plans .as supplemental information , there were 491168 common stock equivalents held under such plans as of dec .31 , 2006 .item 6 .selected financial data the information required by item 6 regarding the selected financial data for the five years ended dec .31 , 2006 is included in exhibit 99.2 filed with this form 10-k and is incorporated herein by reference .this information is also reported in the eleven-year digest on page 72 of the annual report under the captions net sales , income ( loss ) before accounting changes , cumulative effect of accounting changes , net income ( loss ) , earnings ( loss ) per common share before accounting changes , cumulative effect of accounting changes on earnings ( loss ) per common share , earnings ( loss ) per common share , earnings ( loss ) per common share 2013 assuming dilution , dividends per share , total assets and long-term debt for the years 2002 through 2006 .item 7 .management 2019s discussion and analysis of financial condition and results of operations performance in 2006 compared with 2005 performance overview our sales increased 8% ( 8 % ) to $ 11.0 billion in 2006 compared to $ 10.2 billion in 2005 .sales increased 4% ( 4 % ) due to the impact of acquisitions , 2% ( 2 % ) due to increased volumes , and 2% ( 2 % ) due to increased selling prices .cost of sales as a percentage of sales increased slightly to 63.7% ( 63.7 % ) compared to 63.5% ( 63.5 % ) in 2005 .selling , general and administrative expense increased slightly as a percentage of sales to 17.9% ( 17.9 % ) compared to 17.4% ( 17.4 % ) in 2005 .these costs increased primarily due to higher expenses related to store expansions in our architectural coatings operating segment and increased advertising to promote growth in our optical products operating segment .other charges decreased $ 81 million in 2006 .other charges in 2006 included pretax charges of $ 185 million for estimated environmental remediation costs at sites in new jersey and $ 42 million for legal settlements offset in part by pretax earnings of $ 44 million for insurance recoveries related to the marvin legal settlement and to hurricane rita .other charges in 2005 included pretax charges of $ 132 million related to the marvin legal settlement net of related insurance recoveries of $ 18 million , $ 61 million for the federal glass class action antitrust legal settlement , $ 34 million of direct costs related to the impact of hurricanes rita and katrina , $ 27 million for an asset impairment charge in our fine chemicals operating segment and $ 19 million for debt refinancing costs .other earnings increased $ 30 million in 2006 due to higher equity earnings , primarily from our asian fiber glass joint ventures , and higher royalty income .net income and earnings per share 2013 assuming dilution for 2006 were $ 711 million and $ 4.27 , respectively , compared to $ 596 million and $ 3.49 , respectively , for 2005 .net income in 2006 included aftertax charges of $ 106 million , or 64 cents a share , for estimated environmental remediation costs at sites in new jersey and louisiana in the third quarter ; $ 26 million , or 15 cents a share , for legal settlements ; $ 23 million , or 14 cents a share for business restructuring ; $ 17 million , or 10 cents a share , to reflect the net increase in the current value of the company 2019s obligation relating to asbestos claims under the ppg settlement arrangement ; and aftertax earnings of $ 24 million , or 14 cents a share for insurance recoveries .net income in 2005 included aftertax charges of $ 117 million , or 68 cents a share for legal settlements net of insurance ; $ 21 million , or 12 cents a share for direct costs related to the impact of hurricanes katrina and rita ; $ 17 million , or 10 cents a share , related to an asset impairment charge related to our fine chemicals operating segment ; $ 12 million , or 7 cents a share , for debt refinancing cost ; and $ 13 million , or 8 cents a share , to reflect the net increase in the current 2006 ppg annual report and form 10-k 19 4282_txt to be issued options , number of .
Question: what were earnings per share in 2006?
Steps: Ask for number 4.27
Answer: 4.27
Question: what were they in 2005?
Steps: Ask for number 3.49
Answer: 3.49
Question: what is the net change?
Steps: subtract(4.27, 3.49)
Answer: 0.78
Question: what were they in 2005?
| convfinqa2131 |
equity compensation plan information the plan documents for the plans described in the footnotes below are included as exhibits to this form 10-k , and are incorporated herein by reference in their entirety .the following table provides information as of dec .31 , 2006 regarding the number of shares of ppg common stock that may be issued under ppg 2019s equity compensation plans .plan category securities exercise of outstanding options , warrants and rights weighted- average exercise price of outstanding warrants and rights number of securities remaining available for future issuance under equity compensation ( excluding securities reflected in column ( a ) ) equity compensation plans approved by security holders ( 1 ) 9413216 $ 58.35 10265556 equity compensation plans not approved by security holders ( 2 ) , ( 3 ) 2089300 $ 70.00 2014 . plan category | numberof securities to be issued upon exercise of outstanding options warrants and rights ( a ) | weighted- average exercise price of outstanding options warrants and rights ( b ) | number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( c )
equity compensation plans approved by security holders ( 1 ) | 9413216 | $ 58.35 | 10265556
equity compensation plans not approved by security holders ( 2 ) ( 3 ) | 2089300 | $ 70.00 | 2014
total | 11502516 | $ 60.57 | 10265556 ( 1 ) equity compensation plans approved by security holders include the ppg industries , inc .stock plan , the ppg omnibus plan , the ppg industries , inc .executive officers 2019 long term incentive plan , and the ppg industries inc .long term incentive plan .( 2 ) equity compensation plans not approved by security holders include the ppg industries , inc .challenge 2000 stock plan .this plan is a broad- based stock option plan under which the company granted to substantially all active employees of the company and its majority owned subsidiaries on july 1 , 1998 , the option to purchase 100 shares of the company 2019s common stock at its then fair market value of $ 70.00 per share .options became exercisable on july 1 , 2003 , and expire on june 30 , 2008 .there were 2089300 shares issuable upon exercise of options outstanding under this plan as of dec .31 , 2006 .( 3 ) excluded from the information presented here are common stock equivalents held under the ppg industries , inc .deferred compensation plan , the ppg industries , inc .deferred compensation plan for directors and the ppg industries , inc .directors 2019 common stock plan , none of which are equity compensation plans .as supplemental information , there were 491168 common stock equivalents held under such plans as of dec .31 , 2006 .item 6 .selected financial data the information required by item 6 regarding the selected financial data for the five years ended dec .31 , 2006 is included in exhibit 99.2 filed with this form 10-k and is incorporated herein by reference .this information is also reported in the eleven-year digest on page 72 of the annual report under the captions net sales , income ( loss ) before accounting changes , cumulative effect of accounting changes , net income ( loss ) , earnings ( loss ) per common share before accounting changes , cumulative effect of accounting changes on earnings ( loss ) per common share , earnings ( loss ) per common share , earnings ( loss ) per common share 2013 assuming dilution , dividends per share , total assets and long-term debt for the years 2002 through 2006 .item 7 .management 2019s discussion and analysis of financial condition and results of operations performance in 2006 compared with 2005 performance overview our sales increased 8% ( 8 % ) to $ 11.0 billion in 2006 compared to $ 10.2 billion in 2005 .sales increased 4% ( 4 % ) due to the impact of acquisitions , 2% ( 2 % ) due to increased volumes , and 2% ( 2 % ) due to increased selling prices .cost of sales as a percentage of sales increased slightly to 63.7% ( 63.7 % ) compared to 63.5% ( 63.5 % ) in 2005 .selling , general and administrative expense increased slightly as a percentage of sales to 17.9% ( 17.9 % ) compared to 17.4% ( 17.4 % ) in 2005 .these costs increased primarily due to higher expenses related to store expansions in our architectural coatings operating segment and increased advertising to promote growth in our optical products operating segment .other charges decreased $ 81 million in 2006 .other charges in 2006 included pretax charges of $ 185 million for estimated environmental remediation costs at sites in new jersey and $ 42 million for legal settlements offset in part by pretax earnings of $ 44 million for insurance recoveries related to the marvin legal settlement and to hurricane rita .other charges in 2005 included pretax charges of $ 132 million related to the marvin legal settlement net of related insurance recoveries of $ 18 million , $ 61 million for the federal glass class action antitrust legal settlement , $ 34 million of direct costs related to the impact of hurricanes rita and katrina , $ 27 million for an asset impairment charge in our fine chemicals operating segment and $ 19 million for debt refinancing costs .other earnings increased $ 30 million in 2006 due to higher equity earnings , primarily from our asian fiber glass joint ventures , and higher royalty income .net income and earnings per share 2013 assuming dilution for 2006 were $ 711 million and $ 4.27 , respectively , compared to $ 596 million and $ 3.49 , respectively , for 2005 .net income in 2006 included aftertax charges of $ 106 million , or 64 cents a share , for estimated environmental remediation costs at sites in new jersey and louisiana in the third quarter ; $ 26 million , or 15 cents a share , for legal settlements ; $ 23 million , or 14 cents a share for business restructuring ; $ 17 million , or 10 cents a share , to reflect the net increase in the current value of the company 2019s obligation relating to asbestos claims under the ppg settlement arrangement ; and aftertax earnings of $ 24 million , or 14 cents a share for insurance recoveries .net income in 2005 included aftertax charges of $ 117 million , or 68 cents a share for legal settlements net of insurance ; $ 21 million , or 12 cents a share for direct costs related to the impact of hurricanes katrina and rita ; $ 17 million , or 10 cents a share , related to an asset impairment charge related to our fine chemicals operating segment ; $ 12 million , or 7 cents a share , for debt refinancing cost ; and $ 13 million , or 8 cents a share , to reflect the net increase in the current 2006 ppg annual report and form 10-k 19 4282_txt to be issued options , number of .
Question: what were earnings per share in 2006?
Steps: Ask for number 4.27
Answer: 4.27
Question: what were they in 2005?
Steps: Ask for number 3.49
Answer: 3.49
Question: what is the net change?
Steps: subtract(4.27, 3.49)
Answer: 0.78
Question: what were they in 2005?
Steps: Ask for number 3.49
Answer: 3.49
Question: what is the percent change?
| 0.2235 | 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.
equity compensation plan information the plan documents for the plans described in the footnotes below are included as exhibits to this form 10-k , and are incorporated herein by reference in their entirety .the following table provides information as of dec .31 , 2006 regarding the number of shares of ppg common stock that may be issued under ppg 2019s equity compensation plans .plan category securities exercise of outstanding options , warrants and rights weighted- average exercise price of outstanding warrants and rights number of securities remaining available for future issuance under equity compensation ( excluding securities reflected in column ( a ) ) equity compensation plans approved by security holders ( 1 ) 9413216 $ 58.35 10265556 equity compensation plans not approved by security holders ( 2 ) , ( 3 ) 2089300 $ 70.00 2014 . plan category | numberof securities to be issued upon exercise of outstanding options warrants and rights ( a ) | weighted- average exercise price of outstanding options warrants and rights ( b ) | number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ) ( c )
equity compensation plans approved by security holders ( 1 ) | 9413216 | $ 58.35 | 10265556
equity compensation plans not approved by security holders ( 2 ) ( 3 ) | 2089300 | $ 70.00 | 2014
total | 11502516 | $ 60.57 | 10265556 ( 1 ) equity compensation plans approved by security holders include the ppg industries , inc .stock plan , the ppg omnibus plan , the ppg industries , inc .executive officers 2019 long term incentive plan , and the ppg industries inc .long term incentive plan .( 2 ) equity compensation plans not approved by security holders include the ppg industries , inc .challenge 2000 stock plan .this plan is a broad- based stock option plan under which the company granted to substantially all active employees of the company and its majority owned subsidiaries on july 1 , 1998 , the option to purchase 100 shares of the company 2019s common stock at its then fair market value of $ 70.00 per share .options became exercisable on july 1 , 2003 , and expire on june 30 , 2008 .there were 2089300 shares issuable upon exercise of options outstanding under this plan as of dec .31 , 2006 .( 3 ) excluded from the information presented here are common stock equivalents held under the ppg industries , inc .deferred compensation plan , the ppg industries , inc .deferred compensation plan for directors and the ppg industries , inc .directors 2019 common stock plan , none of which are equity compensation plans .as supplemental information , there were 491168 common stock equivalents held under such plans as of dec .31 , 2006 .item 6 .selected financial data the information required by item 6 regarding the selected financial data for the five years ended dec .31 , 2006 is included in exhibit 99.2 filed with this form 10-k and is incorporated herein by reference .this information is also reported in the eleven-year digest on page 72 of the annual report under the captions net sales , income ( loss ) before accounting changes , cumulative effect of accounting changes , net income ( loss ) , earnings ( loss ) per common share before accounting changes , cumulative effect of accounting changes on earnings ( loss ) per common share , earnings ( loss ) per common share , earnings ( loss ) per common share 2013 assuming dilution , dividends per share , total assets and long-term debt for the years 2002 through 2006 .item 7 .management 2019s discussion and analysis of financial condition and results of operations performance in 2006 compared with 2005 performance overview our sales increased 8% ( 8 % ) to $ 11.0 billion in 2006 compared to $ 10.2 billion in 2005 .sales increased 4% ( 4 % ) due to the impact of acquisitions , 2% ( 2 % ) due to increased volumes , and 2% ( 2 % ) due to increased selling prices .cost of sales as a percentage of sales increased slightly to 63.7% ( 63.7 % ) compared to 63.5% ( 63.5 % ) in 2005 .selling , general and administrative expense increased slightly as a percentage of sales to 17.9% ( 17.9 % ) compared to 17.4% ( 17.4 % ) in 2005 .these costs increased primarily due to higher expenses related to store expansions in our architectural coatings operating segment and increased advertising to promote growth in our optical products operating segment .other charges decreased $ 81 million in 2006 .other charges in 2006 included pretax charges of $ 185 million for estimated environmental remediation costs at sites in new jersey and $ 42 million for legal settlements offset in part by pretax earnings of $ 44 million for insurance recoveries related to the marvin legal settlement and to hurricane rita .other charges in 2005 included pretax charges of $ 132 million related to the marvin legal settlement net of related insurance recoveries of $ 18 million , $ 61 million for the federal glass class action antitrust legal settlement , $ 34 million of direct costs related to the impact of hurricanes rita and katrina , $ 27 million for an asset impairment charge in our fine chemicals operating segment and $ 19 million for debt refinancing costs .other earnings increased $ 30 million in 2006 due to higher equity earnings , primarily from our asian fiber glass joint ventures , and higher royalty income .net income and earnings per share 2013 assuming dilution for 2006 were $ 711 million and $ 4.27 , respectively , compared to $ 596 million and $ 3.49 , respectively , for 2005 .net income in 2006 included aftertax charges of $ 106 million , or 64 cents a share , for estimated environmental remediation costs at sites in new jersey and louisiana in the third quarter ; $ 26 million , or 15 cents a share , for legal settlements ; $ 23 million , or 14 cents a share for business restructuring ; $ 17 million , or 10 cents a share , to reflect the net increase in the current value of the company 2019s obligation relating to asbestos claims under the ppg settlement arrangement ; and aftertax earnings of $ 24 million , or 14 cents a share for insurance recoveries .net income in 2005 included aftertax charges of $ 117 million , or 68 cents a share for legal settlements net of insurance ; $ 21 million , or 12 cents a share for direct costs related to the impact of hurricanes katrina and rita ; $ 17 million , or 10 cents a share , related to an asset impairment charge related to our fine chemicals operating segment ; $ 12 million , or 7 cents a share , for debt refinancing cost ; and $ 13 million , or 8 cents a share , to reflect the net increase in the current 2006 ppg annual report and form 10-k 19 4282_txt to be issued options , number of .
Question: what were earnings per share in 2006?
Steps: Ask for number 4.27
Answer: 4.27
Question: what were they in 2005?
Steps: Ask for number 3.49
Answer: 3.49
Question: what is the net change?
Steps: subtract(4.27, 3.49)
Answer: 0.78
Question: what were they in 2005?
Steps: Ask for number 3.49
Answer: 3.49
Question: what is the percent change?
| convfinqa2132 |
the company recorded equity earnings , net of taxes , related to ilim of $ 290 million in 2018 , compared with earnings of $ 183 million in 2017 , and $ 199 million in 2016 .operating results recorded in 2018 included an after-tax non-cash foreign exchange loss of $ 82 million , compared with an after-tax foreign exchange gain of $ 15 million in 2017 and an after-tax foreign exchange gain of $ 25 million in 2016 , primarily on the remeasurement of ilim's u.s .dollar denominated net debt .ilim delivered outstanding performance in 2018 , driven largely by higher price realization and strong demand .sales volumes for the joint venture increased year over year for shipments to china of softwood pulp and linerboard , but were offset by decreased sales of hardwood pulp to china .sales volumes in the russian market increased for softwood pulp and hardwood pulp , but decreased for linerboard .average sales price realizations were significantly higher in 2018 for sales of softwood pulp , hardwood pulp and linerboard to china and other export markets .average sales price realizations in russian markets increased year over year for all products .input costs were higher in 2018 , primarily for wood , fuel and chemicals .distribution costs were negatively impacted by tariffs and inflation .the company received cash dividends from the joint venture of $ 128 million in 2018 , $ 133 million in 2017 and $ 58 million in entering the first quarter of 2019 , sales volumes are expected to be lower than in the fourth quarter of 2018 , due to the seasonal slowdown in china and fewer trading days .based on pricing to date in the current quarter , average sales prices are expected to decrease for hardwood pulp , softwood pulp and linerboard to china .input costs are projected to be relatively flat , while distribution costs are expected to increase .equity earnings - gpip international paper recorded equity earnings of $ 46 million on its 20.5% ( 20.5 % ) ownership position in gpip in 2018 .the company received cash dividends from the investment of $ 25 million in 2018 .liquidity and capital resources overview a major factor in international paper 2019s liquidity and capital resource planning is its generation of operating cash flow , which is highly sensitive to changes in the pricing and demand for our major products .while changes in key cash operating costs , such as energy , raw material , mill outage and transportation costs , do have an effect on operating cash generation , we believe that our focus on pricing and cost controls has improved our cash flow generation over an operating cycle .cash uses during 2018 were primarily focused on working capital requirements , capital spending , debt reductions and returning cash to shareholders through dividends and share repurchases under the company's share repurchase program .cash provided by operating activities cash provided by operations , including discontinued operations , totaled $ 3.2 billion in 2018 , compared with $ 1.8 billion for 2017 , and $ 2.5 billion for 2016 .cash used by working capital components ( accounts receivable , contract assets and inventory less accounts payable and accrued liabilities , interest payable and other ) totaled $ 439 million in 2018 , compared with cash used by working capital components of $ 402 million in 2017 , and cash provided by working capital components of $ 71 million in 2016 .investment activities including discontinued operations , investment activities in 2018 increased from 2017 , as 2018 included higher capital spending .in 2016 , investment activity included the purchase of weyerhaeuser's pulp business for $ 2.2 billion in cash , the purchase of the holmen business for $ 57 million in cash , net of cash acquired , and proceeds from the sale of the asia packaging business of $ 108 million , net of cash divested .the company maintains an average capital spending target around depreciation and amortization levels , or modestly above , due to strategic plans over the course of an economic cycle .capital spending was $ 1.6 billion in 2018 , or 118% ( 118 % ) of depreciation and amortization , compared with $ 1.4 billion in 2017 , or 98% ( 98 % ) of depreciation and amortization , and $ 1.3 billion , or 110% ( 110 % ) of depreciation and amortization in 2016 .across our segments , capital spending as a percentage of depreciation and amortization ranged from 69.8% ( 69.8 % ) to 132.1% ( 132.1 % ) in 2018 .the following table shows capital spending for operations by business segment for the years ended december 31 , 2018 , 2017 and 2016 , excluding amounts related to discontinued operations of $ 111 million in 2017 and $ 107 million in 2016. . in millions | 2018 | 2017 | 2016
industrial packaging | $ 1061 | $ 836 | $ 832
global cellulose fibers | 183 | 188 | 174
printing papers | 303 | 235 | 215
subtotal | 1547 | 1259 | 1221
corporate and other | 25 | 21 | 20
capital spending | $ 1572 | $ 1280 | $ 1241 capital expenditures in 2019 are currently expected to be about $ 1.4 billion , or 104% ( 104 % ) of depreciation and amortization , including approximately $ 400 million of strategic investments. .
Question: what was the capital expenditures for operations in the industrial packaging business segment in 2018, in millions?
| 1061.0 | 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 recorded equity earnings , net of taxes , related to ilim of $ 290 million in 2018 , compared with earnings of $ 183 million in 2017 , and $ 199 million in 2016 .operating results recorded in 2018 included an after-tax non-cash foreign exchange loss of $ 82 million , compared with an after-tax foreign exchange gain of $ 15 million in 2017 and an after-tax foreign exchange gain of $ 25 million in 2016 , primarily on the remeasurement of ilim's u.s .dollar denominated net debt .ilim delivered outstanding performance in 2018 , driven largely by higher price realization and strong demand .sales volumes for the joint venture increased year over year for shipments to china of softwood pulp and linerboard , but were offset by decreased sales of hardwood pulp to china .sales volumes in the russian market increased for softwood pulp and hardwood pulp , but decreased for linerboard .average sales price realizations were significantly higher in 2018 for sales of softwood pulp , hardwood pulp and linerboard to china and other export markets .average sales price realizations in russian markets increased year over year for all products .input costs were higher in 2018 , primarily for wood , fuel and chemicals .distribution costs were negatively impacted by tariffs and inflation .the company received cash dividends from the joint venture of $ 128 million in 2018 , $ 133 million in 2017 and $ 58 million in entering the first quarter of 2019 , sales volumes are expected to be lower than in the fourth quarter of 2018 , due to the seasonal slowdown in china and fewer trading days .based on pricing to date in the current quarter , average sales prices are expected to decrease for hardwood pulp , softwood pulp and linerboard to china .input costs are projected to be relatively flat , while distribution costs are expected to increase .equity earnings - gpip international paper recorded equity earnings of $ 46 million on its 20.5% ( 20.5 % ) ownership position in gpip in 2018 .the company received cash dividends from the investment of $ 25 million in 2018 .liquidity and capital resources overview a major factor in international paper 2019s liquidity and capital resource planning is its generation of operating cash flow , which is highly sensitive to changes in the pricing and demand for our major products .while changes in key cash operating costs , such as energy , raw material , mill outage and transportation costs , do have an effect on operating cash generation , we believe that our focus on pricing and cost controls has improved our cash flow generation over an operating cycle .cash uses during 2018 were primarily focused on working capital requirements , capital spending , debt reductions and returning cash to shareholders through dividends and share repurchases under the company's share repurchase program .cash provided by operating activities cash provided by operations , including discontinued operations , totaled $ 3.2 billion in 2018 , compared with $ 1.8 billion for 2017 , and $ 2.5 billion for 2016 .cash used by working capital components ( accounts receivable , contract assets and inventory less accounts payable and accrued liabilities , interest payable and other ) totaled $ 439 million in 2018 , compared with cash used by working capital components of $ 402 million in 2017 , and cash provided by working capital components of $ 71 million in 2016 .investment activities including discontinued operations , investment activities in 2018 increased from 2017 , as 2018 included higher capital spending .in 2016 , investment activity included the purchase of weyerhaeuser's pulp business for $ 2.2 billion in cash , the purchase of the holmen business for $ 57 million in cash , net of cash acquired , and proceeds from the sale of the asia packaging business of $ 108 million , net of cash divested .the company maintains an average capital spending target around depreciation and amortization levels , or modestly above , due to strategic plans over the course of an economic cycle .capital spending was $ 1.6 billion in 2018 , or 118% ( 118 % ) of depreciation and amortization , compared with $ 1.4 billion in 2017 , or 98% ( 98 % ) of depreciation and amortization , and $ 1.3 billion , or 110% ( 110 % ) of depreciation and amortization in 2016 .across our segments , capital spending as a percentage of depreciation and amortization ranged from 69.8% ( 69.8 % ) to 132.1% ( 132.1 % ) in 2018 .the following table shows capital spending for operations by business segment for the years ended december 31 , 2018 , 2017 and 2016 , excluding amounts related to discontinued operations of $ 111 million in 2017 and $ 107 million in 2016. . in millions | 2018 | 2017 | 2016
industrial packaging | $ 1061 | $ 836 | $ 832
global cellulose fibers | 183 | 188 | 174
printing papers | 303 | 235 | 215
subtotal | 1547 | 1259 | 1221
corporate and other | 25 | 21 | 20
capital spending | $ 1572 | $ 1280 | $ 1241 capital expenditures in 2019 are currently expected to be about $ 1.4 billion , or 104% ( 104 % ) of depreciation and amortization , including approximately $ 400 million of strategic investments. .
Question: what was the capital expenditures for operations in the industrial packaging business segment in 2018, in millions?
| convfinqa2133 |
the company recorded equity earnings , net of taxes , related to ilim of $ 290 million in 2018 , compared with earnings of $ 183 million in 2017 , and $ 199 million in 2016 .operating results recorded in 2018 included an after-tax non-cash foreign exchange loss of $ 82 million , compared with an after-tax foreign exchange gain of $ 15 million in 2017 and an after-tax foreign exchange gain of $ 25 million in 2016 , primarily on the remeasurement of ilim's u.s .dollar denominated net debt .ilim delivered outstanding performance in 2018 , driven largely by higher price realization and strong demand .sales volumes for the joint venture increased year over year for shipments to china of softwood pulp and linerboard , but were offset by decreased sales of hardwood pulp to china .sales volumes in the russian market increased for softwood pulp and hardwood pulp , but decreased for linerboard .average sales price realizations were significantly higher in 2018 for sales of softwood pulp , hardwood pulp and linerboard to china and other export markets .average sales price realizations in russian markets increased year over year for all products .input costs were higher in 2018 , primarily for wood , fuel and chemicals .distribution costs were negatively impacted by tariffs and inflation .the company received cash dividends from the joint venture of $ 128 million in 2018 , $ 133 million in 2017 and $ 58 million in entering the first quarter of 2019 , sales volumes are expected to be lower than in the fourth quarter of 2018 , due to the seasonal slowdown in china and fewer trading days .based on pricing to date in the current quarter , average sales prices are expected to decrease for hardwood pulp , softwood pulp and linerboard to china .input costs are projected to be relatively flat , while distribution costs are expected to increase .equity earnings - gpip international paper recorded equity earnings of $ 46 million on its 20.5% ( 20.5 % ) ownership position in gpip in 2018 .the company received cash dividends from the investment of $ 25 million in 2018 .liquidity and capital resources overview a major factor in international paper 2019s liquidity and capital resource planning is its generation of operating cash flow , which is highly sensitive to changes in the pricing and demand for our major products .while changes in key cash operating costs , such as energy , raw material , mill outage and transportation costs , do have an effect on operating cash generation , we believe that our focus on pricing and cost controls has improved our cash flow generation over an operating cycle .cash uses during 2018 were primarily focused on working capital requirements , capital spending , debt reductions and returning cash to shareholders through dividends and share repurchases under the company's share repurchase program .cash provided by operating activities cash provided by operations , including discontinued operations , totaled $ 3.2 billion in 2018 , compared with $ 1.8 billion for 2017 , and $ 2.5 billion for 2016 .cash used by working capital components ( accounts receivable , contract assets and inventory less accounts payable and accrued liabilities , interest payable and other ) totaled $ 439 million in 2018 , compared with cash used by working capital components of $ 402 million in 2017 , and cash provided by working capital components of $ 71 million in 2016 .investment activities including discontinued operations , investment activities in 2018 increased from 2017 , as 2018 included higher capital spending .in 2016 , investment activity included the purchase of weyerhaeuser's pulp business for $ 2.2 billion in cash , the purchase of the holmen business for $ 57 million in cash , net of cash acquired , and proceeds from the sale of the asia packaging business of $ 108 million , net of cash divested .the company maintains an average capital spending target around depreciation and amortization levels , or modestly above , due to strategic plans over the course of an economic cycle .capital spending was $ 1.6 billion in 2018 , or 118% ( 118 % ) of depreciation and amortization , compared with $ 1.4 billion in 2017 , or 98% ( 98 % ) of depreciation and amortization , and $ 1.3 billion , or 110% ( 110 % ) of depreciation and amortization in 2016 .across our segments , capital spending as a percentage of depreciation and amortization ranged from 69.8% ( 69.8 % ) to 132.1% ( 132.1 % ) in 2018 .the following table shows capital spending for operations by business segment for the years ended december 31 , 2018 , 2017 and 2016 , excluding amounts related to discontinued operations of $ 111 million in 2017 and $ 107 million in 2016. . in millions | 2018 | 2017 | 2016
industrial packaging | $ 1061 | $ 836 | $ 832
global cellulose fibers | 183 | 188 | 174
printing papers | 303 | 235 | 215
subtotal | 1547 | 1259 | 1221
corporate and other | 25 | 21 | 20
capital spending | $ 1572 | $ 1280 | $ 1241 capital expenditures in 2019 are currently expected to be about $ 1.4 billion , or 104% ( 104 % ) of depreciation and amortization , including approximately $ 400 million of strategic investments. .
Question: what was the capital expenditures for operations in the industrial packaging business segment in 2018, in millions?
Steps: Ask for number 1061
Answer: 1061.0
Question: and what was it in 2017, also in millions?
| 836.0 | 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 recorded equity earnings , net of taxes , related to ilim of $ 290 million in 2018 , compared with earnings of $ 183 million in 2017 , and $ 199 million in 2016 .operating results recorded in 2018 included an after-tax non-cash foreign exchange loss of $ 82 million , compared with an after-tax foreign exchange gain of $ 15 million in 2017 and an after-tax foreign exchange gain of $ 25 million in 2016 , primarily on the remeasurement of ilim's u.s .dollar denominated net debt .ilim delivered outstanding performance in 2018 , driven largely by higher price realization and strong demand .sales volumes for the joint venture increased year over year for shipments to china of softwood pulp and linerboard , but were offset by decreased sales of hardwood pulp to china .sales volumes in the russian market increased for softwood pulp and hardwood pulp , but decreased for linerboard .average sales price realizations were significantly higher in 2018 for sales of softwood pulp , hardwood pulp and linerboard to china and other export markets .average sales price realizations in russian markets increased year over year for all products .input costs were higher in 2018 , primarily for wood , fuel and chemicals .distribution costs were negatively impacted by tariffs and inflation .the company received cash dividends from the joint venture of $ 128 million in 2018 , $ 133 million in 2017 and $ 58 million in entering the first quarter of 2019 , sales volumes are expected to be lower than in the fourth quarter of 2018 , due to the seasonal slowdown in china and fewer trading days .based on pricing to date in the current quarter , average sales prices are expected to decrease for hardwood pulp , softwood pulp and linerboard to china .input costs are projected to be relatively flat , while distribution costs are expected to increase .equity earnings - gpip international paper recorded equity earnings of $ 46 million on its 20.5% ( 20.5 % ) ownership position in gpip in 2018 .the company received cash dividends from the investment of $ 25 million in 2018 .liquidity and capital resources overview a major factor in international paper 2019s liquidity and capital resource planning is its generation of operating cash flow , which is highly sensitive to changes in the pricing and demand for our major products .while changes in key cash operating costs , such as energy , raw material , mill outage and transportation costs , do have an effect on operating cash generation , we believe that our focus on pricing and cost controls has improved our cash flow generation over an operating cycle .cash uses during 2018 were primarily focused on working capital requirements , capital spending , debt reductions and returning cash to shareholders through dividends and share repurchases under the company's share repurchase program .cash provided by operating activities cash provided by operations , including discontinued operations , totaled $ 3.2 billion in 2018 , compared with $ 1.8 billion for 2017 , and $ 2.5 billion for 2016 .cash used by working capital components ( accounts receivable , contract assets and inventory less accounts payable and accrued liabilities , interest payable and other ) totaled $ 439 million in 2018 , compared with cash used by working capital components of $ 402 million in 2017 , and cash provided by working capital components of $ 71 million in 2016 .investment activities including discontinued operations , investment activities in 2018 increased from 2017 , as 2018 included higher capital spending .in 2016 , investment activity included the purchase of weyerhaeuser's pulp business for $ 2.2 billion in cash , the purchase of the holmen business for $ 57 million in cash , net of cash acquired , and proceeds from the sale of the asia packaging business of $ 108 million , net of cash divested .the company maintains an average capital spending target around depreciation and amortization levels , or modestly above , due to strategic plans over the course of an economic cycle .capital spending was $ 1.6 billion in 2018 , or 118% ( 118 % ) of depreciation and amortization , compared with $ 1.4 billion in 2017 , or 98% ( 98 % ) of depreciation and amortization , and $ 1.3 billion , or 110% ( 110 % ) of depreciation and amortization in 2016 .across our segments , capital spending as a percentage of depreciation and amortization ranged from 69.8% ( 69.8 % ) to 132.1% ( 132.1 % ) in 2018 .the following table shows capital spending for operations by business segment for the years ended december 31 , 2018 , 2017 and 2016 , excluding amounts related to discontinued operations of $ 111 million in 2017 and $ 107 million in 2016. . in millions | 2018 | 2017 | 2016
industrial packaging | $ 1061 | $ 836 | $ 832
global cellulose fibers | 183 | 188 | 174
printing papers | 303 | 235 | 215
subtotal | 1547 | 1259 | 1221
corporate and other | 25 | 21 | 20
capital spending | $ 1572 | $ 1280 | $ 1241 capital expenditures in 2019 are currently expected to be about $ 1.4 billion , or 104% ( 104 % ) of depreciation and amortization , including approximately $ 400 million of strategic investments. .
Question: what was the capital expenditures for operations in the industrial packaging business segment in 2018, in millions?
Steps: Ask for number 1061
Answer: 1061.0
Question: and what was it in 2017, also in millions?
| convfinqa2134 |
the company recorded equity earnings , net of taxes , related to ilim of $ 290 million in 2018 , compared with earnings of $ 183 million in 2017 , and $ 199 million in 2016 .operating results recorded in 2018 included an after-tax non-cash foreign exchange loss of $ 82 million , compared with an after-tax foreign exchange gain of $ 15 million in 2017 and an after-tax foreign exchange gain of $ 25 million in 2016 , primarily on the remeasurement of ilim's u.s .dollar denominated net debt .ilim delivered outstanding performance in 2018 , driven largely by higher price realization and strong demand .sales volumes for the joint venture increased year over year for shipments to china of softwood pulp and linerboard , but were offset by decreased sales of hardwood pulp to china .sales volumes in the russian market increased for softwood pulp and hardwood pulp , but decreased for linerboard .average sales price realizations were significantly higher in 2018 for sales of softwood pulp , hardwood pulp and linerboard to china and other export markets .average sales price realizations in russian markets increased year over year for all products .input costs were higher in 2018 , primarily for wood , fuel and chemicals .distribution costs were negatively impacted by tariffs and inflation .the company received cash dividends from the joint venture of $ 128 million in 2018 , $ 133 million in 2017 and $ 58 million in entering the first quarter of 2019 , sales volumes are expected to be lower than in the fourth quarter of 2018 , due to the seasonal slowdown in china and fewer trading days .based on pricing to date in the current quarter , average sales prices are expected to decrease for hardwood pulp , softwood pulp and linerboard to china .input costs are projected to be relatively flat , while distribution costs are expected to increase .equity earnings - gpip international paper recorded equity earnings of $ 46 million on its 20.5% ( 20.5 % ) ownership position in gpip in 2018 .the company received cash dividends from the investment of $ 25 million in 2018 .liquidity and capital resources overview a major factor in international paper 2019s liquidity and capital resource planning is its generation of operating cash flow , which is highly sensitive to changes in the pricing and demand for our major products .while changes in key cash operating costs , such as energy , raw material , mill outage and transportation costs , do have an effect on operating cash generation , we believe that our focus on pricing and cost controls has improved our cash flow generation over an operating cycle .cash uses during 2018 were primarily focused on working capital requirements , capital spending , debt reductions and returning cash to shareholders through dividends and share repurchases under the company's share repurchase program .cash provided by operating activities cash provided by operations , including discontinued operations , totaled $ 3.2 billion in 2018 , compared with $ 1.8 billion for 2017 , and $ 2.5 billion for 2016 .cash used by working capital components ( accounts receivable , contract assets and inventory less accounts payable and accrued liabilities , interest payable and other ) totaled $ 439 million in 2018 , compared with cash used by working capital components of $ 402 million in 2017 , and cash provided by working capital components of $ 71 million in 2016 .investment activities including discontinued operations , investment activities in 2018 increased from 2017 , as 2018 included higher capital spending .in 2016 , investment activity included the purchase of weyerhaeuser's pulp business for $ 2.2 billion in cash , the purchase of the holmen business for $ 57 million in cash , net of cash acquired , and proceeds from the sale of the asia packaging business of $ 108 million , net of cash divested .the company maintains an average capital spending target around depreciation and amortization levels , or modestly above , due to strategic plans over the course of an economic cycle .capital spending was $ 1.6 billion in 2018 , or 118% ( 118 % ) of depreciation and amortization , compared with $ 1.4 billion in 2017 , or 98% ( 98 % ) of depreciation and amortization , and $ 1.3 billion , or 110% ( 110 % ) of depreciation and amortization in 2016 .across our segments , capital spending as a percentage of depreciation and amortization ranged from 69.8% ( 69.8 % ) to 132.1% ( 132.1 % ) in 2018 .the following table shows capital spending for operations by business segment for the years ended december 31 , 2018 , 2017 and 2016 , excluding amounts related to discontinued operations of $ 111 million in 2017 and $ 107 million in 2016. . in millions | 2018 | 2017 | 2016
industrial packaging | $ 1061 | $ 836 | $ 832
global cellulose fibers | 183 | 188 | 174
printing papers | 303 | 235 | 215
subtotal | 1547 | 1259 | 1221
corporate and other | 25 | 21 | 20
capital spending | $ 1572 | $ 1280 | $ 1241 capital expenditures in 2019 are currently expected to be about $ 1.4 billion , or 104% ( 104 % ) of depreciation and amortization , including approximately $ 400 million of strategic investments. .
Question: what was the capital expenditures for operations in the industrial packaging business segment in 2018, in millions?
Steps: Ask for number 1061
Answer: 1061.0
Question: and what was it in 2017, also in millions?
Steps: Ask for number 836
Answer: 836.0
Question: what was, then, the change over the year?
| 225.0 | 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 recorded equity earnings , net of taxes , related to ilim of $ 290 million in 2018 , compared with earnings of $ 183 million in 2017 , and $ 199 million in 2016 .operating results recorded in 2018 included an after-tax non-cash foreign exchange loss of $ 82 million , compared with an after-tax foreign exchange gain of $ 15 million in 2017 and an after-tax foreign exchange gain of $ 25 million in 2016 , primarily on the remeasurement of ilim's u.s .dollar denominated net debt .ilim delivered outstanding performance in 2018 , driven largely by higher price realization and strong demand .sales volumes for the joint venture increased year over year for shipments to china of softwood pulp and linerboard , but were offset by decreased sales of hardwood pulp to china .sales volumes in the russian market increased for softwood pulp and hardwood pulp , but decreased for linerboard .average sales price realizations were significantly higher in 2018 for sales of softwood pulp , hardwood pulp and linerboard to china and other export markets .average sales price realizations in russian markets increased year over year for all products .input costs were higher in 2018 , primarily for wood , fuel and chemicals .distribution costs were negatively impacted by tariffs and inflation .the company received cash dividends from the joint venture of $ 128 million in 2018 , $ 133 million in 2017 and $ 58 million in entering the first quarter of 2019 , sales volumes are expected to be lower than in the fourth quarter of 2018 , due to the seasonal slowdown in china and fewer trading days .based on pricing to date in the current quarter , average sales prices are expected to decrease for hardwood pulp , softwood pulp and linerboard to china .input costs are projected to be relatively flat , while distribution costs are expected to increase .equity earnings - gpip international paper recorded equity earnings of $ 46 million on its 20.5% ( 20.5 % ) ownership position in gpip in 2018 .the company received cash dividends from the investment of $ 25 million in 2018 .liquidity and capital resources overview a major factor in international paper 2019s liquidity and capital resource planning is its generation of operating cash flow , which is highly sensitive to changes in the pricing and demand for our major products .while changes in key cash operating costs , such as energy , raw material , mill outage and transportation costs , do have an effect on operating cash generation , we believe that our focus on pricing and cost controls has improved our cash flow generation over an operating cycle .cash uses during 2018 were primarily focused on working capital requirements , capital spending , debt reductions and returning cash to shareholders through dividends and share repurchases under the company's share repurchase program .cash provided by operating activities cash provided by operations , including discontinued operations , totaled $ 3.2 billion in 2018 , compared with $ 1.8 billion for 2017 , and $ 2.5 billion for 2016 .cash used by working capital components ( accounts receivable , contract assets and inventory less accounts payable and accrued liabilities , interest payable and other ) totaled $ 439 million in 2018 , compared with cash used by working capital components of $ 402 million in 2017 , and cash provided by working capital components of $ 71 million in 2016 .investment activities including discontinued operations , investment activities in 2018 increased from 2017 , as 2018 included higher capital spending .in 2016 , investment activity included the purchase of weyerhaeuser's pulp business for $ 2.2 billion in cash , the purchase of the holmen business for $ 57 million in cash , net of cash acquired , and proceeds from the sale of the asia packaging business of $ 108 million , net of cash divested .the company maintains an average capital spending target around depreciation and amortization levels , or modestly above , due to strategic plans over the course of an economic cycle .capital spending was $ 1.6 billion in 2018 , or 118% ( 118 % ) of depreciation and amortization , compared with $ 1.4 billion in 2017 , or 98% ( 98 % ) of depreciation and amortization , and $ 1.3 billion , or 110% ( 110 % ) of depreciation and amortization in 2016 .across our segments , capital spending as a percentage of depreciation and amortization ranged from 69.8% ( 69.8 % ) to 132.1% ( 132.1 % ) in 2018 .the following table shows capital spending for operations by business segment for the years ended december 31 , 2018 , 2017 and 2016 , excluding amounts related to discontinued operations of $ 111 million in 2017 and $ 107 million in 2016. . in millions | 2018 | 2017 | 2016
industrial packaging | $ 1061 | $ 836 | $ 832
global cellulose fibers | 183 | 188 | 174
printing papers | 303 | 235 | 215
subtotal | 1547 | 1259 | 1221
corporate and other | 25 | 21 | 20
capital spending | $ 1572 | $ 1280 | $ 1241 capital expenditures in 2019 are currently expected to be about $ 1.4 billion , or 104% ( 104 % ) of depreciation and amortization , including approximately $ 400 million of strategic investments. .
Question: what was the capital expenditures for operations in the industrial packaging business segment in 2018, in millions?
Steps: Ask for number 1061
Answer: 1061.0
Question: and what was it in 2017, also in millions?
Steps: Ask for number 836
Answer: 836.0
Question: what was, then, the change over the year?
| convfinqa2135 |
the company recorded equity earnings , net of taxes , related to ilim of $ 290 million in 2018 , compared with earnings of $ 183 million in 2017 , and $ 199 million in 2016 .operating results recorded in 2018 included an after-tax non-cash foreign exchange loss of $ 82 million , compared with an after-tax foreign exchange gain of $ 15 million in 2017 and an after-tax foreign exchange gain of $ 25 million in 2016 , primarily on the remeasurement of ilim's u.s .dollar denominated net debt .ilim delivered outstanding performance in 2018 , driven largely by higher price realization and strong demand .sales volumes for the joint venture increased year over year for shipments to china of softwood pulp and linerboard , but were offset by decreased sales of hardwood pulp to china .sales volumes in the russian market increased for softwood pulp and hardwood pulp , but decreased for linerboard .average sales price realizations were significantly higher in 2018 for sales of softwood pulp , hardwood pulp and linerboard to china and other export markets .average sales price realizations in russian markets increased year over year for all products .input costs were higher in 2018 , primarily for wood , fuel and chemicals .distribution costs were negatively impacted by tariffs and inflation .the company received cash dividends from the joint venture of $ 128 million in 2018 , $ 133 million in 2017 and $ 58 million in entering the first quarter of 2019 , sales volumes are expected to be lower than in the fourth quarter of 2018 , due to the seasonal slowdown in china and fewer trading days .based on pricing to date in the current quarter , average sales prices are expected to decrease for hardwood pulp , softwood pulp and linerboard to china .input costs are projected to be relatively flat , while distribution costs are expected to increase .equity earnings - gpip international paper recorded equity earnings of $ 46 million on its 20.5% ( 20.5 % ) ownership position in gpip in 2018 .the company received cash dividends from the investment of $ 25 million in 2018 .liquidity and capital resources overview a major factor in international paper 2019s liquidity and capital resource planning is its generation of operating cash flow , which is highly sensitive to changes in the pricing and demand for our major products .while changes in key cash operating costs , such as energy , raw material , mill outage and transportation costs , do have an effect on operating cash generation , we believe that our focus on pricing and cost controls has improved our cash flow generation over an operating cycle .cash uses during 2018 were primarily focused on working capital requirements , capital spending , debt reductions and returning cash to shareholders through dividends and share repurchases under the company's share repurchase program .cash provided by operating activities cash provided by operations , including discontinued operations , totaled $ 3.2 billion in 2018 , compared with $ 1.8 billion for 2017 , and $ 2.5 billion for 2016 .cash used by working capital components ( accounts receivable , contract assets and inventory less accounts payable and accrued liabilities , interest payable and other ) totaled $ 439 million in 2018 , compared with cash used by working capital components of $ 402 million in 2017 , and cash provided by working capital components of $ 71 million in 2016 .investment activities including discontinued operations , investment activities in 2018 increased from 2017 , as 2018 included higher capital spending .in 2016 , investment activity included the purchase of weyerhaeuser's pulp business for $ 2.2 billion in cash , the purchase of the holmen business for $ 57 million in cash , net of cash acquired , and proceeds from the sale of the asia packaging business of $ 108 million , net of cash divested .the company maintains an average capital spending target around depreciation and amortization levels , or modestly above , due to strategic plans over the course of an economic cycle .capital spending was $ 1.6 billion in 2018 , or 118% ( 118 % ) of depreciation and amortization , compared with $ 1.4 billion in 2017 , or 98% ( 98 % ) of depreciation and amortization , and $ 1.3 billion , or 110% ( 110 % ) of depreciation and amortization in 2016 .across our segments , capital spending as a percentage of depreciation and amortization ranged from 69.8% ( 69.8 % ) to 132.1% ( 132.1 % ) in 2018 .the following table shows capital spending for operations by business segment for the years ended december 31 , 2018 , 2017 and 2016 , excluding amounts related to discontinued operations of $ 111 million in 2017 and $ 107 million in 2016. . in millions | 2018 | 2017 | 2016
industrial packaging | $ 1061 | $ 836 | $ 832
global cellulose fibers | 183 | 188 | 174
printing papers | 303 | 235 | 215
subtotal | 1547 | 1259 | 1221
corporate and other | 25 | 21 | 20
capital spending | $ 1572 | $ 1280 | $ 1241 capital expenditures in 2019 are currently expected to be about $ 1.4 billion , or 104% ( 104 % ) of depreciation and amortization , including approximately $ 400 million of strategic investments. .
Question: what was the capital expenditures for operations in the industrial packaging business segment in 2018, in millions?
Steps: Ask for number 1061
Answer: 1061.0
Question: and what was it in 2017, also in millions?
Steps: Ask for number 836
Answer: 836.0
Question: what was, then, the change over the year?
Steps: subtract(1061, 836)
Answer: 225.0
Question: and how much does that change represent, in percentage, in relation to the capital expenditures for operations in the industrial packaging business segment in 2017?
| 0.26914 | 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 recorded equity earnings , net of taxes , related to ilim of $ 290 million in 2018 , compared with earnings of $ 183 million in 2017 , and $ 199 million in 2016 .operating results recorded in 2018 included an after-tax non-cash foreign exchange loss of $ 82 million , compared with an after-tax foreign exchange gain of $ 15 million in 2017 and an after-tax foreign exchange gain of $ 25 million in 2016 , primarily on the remeasurement of ilim's u.s .dollar denominated net debt .ilim delivered outstanding performance in 2018 , driven largely by higher price realization and strong demand .sales volumes for the joint venture increased year over year for shipments to china of softwood pulp and linerboard , but were offset by decreased sales of hardwood pulp to china .sales volumes in the russian market increased for softwood pulp and hardwood pulp , but decreased for linerboard .average sales price realizations were significantly higher in 2018 for sales of softwood pulp , hardwood pulp and linerboard to china and other export markets .average sales price realizations in russian markets increased year over year for all products .input costs were higher in 2018 , primarily for wood , fuel and chemicals .distribution costs were negatively impacted by tariffs and inflation .the company received cash dividends from the joint venture of $ 128 million in 2018 , $ 133 million in 2017 and $ 58 million in entering the first quarter of 2019 , sales volumes are expected to be lower than in the fourth quarter of 2018 , due to the seasonal slowdown in china and fewer trading days .based on pricing to date in the current quarter , average sales prices are expected to decrease for hardwood pulp , softwood pulp and linerboard to china .input costs are projected to be relatively flat , while distribution costs are expected to increase .equity earnings - gpip international paper recorded equity earnings of $ 46 million on its 20.5% ( 20.5 % ) ownership position in gpip in 2018 .the company received cash dividends from the investment of $ 25 million in 2018 .liquidity and capital resources overview a major factor in international paper 2019s liquidity and capital resource planning is its generation of operating cash flow , which is highly sensitive to changes in the pricing and demand for our major products .while changes in key cash operating costs , such as energy , raw material , mill outage and transportation costs , do have an effect on operating cash generation , we believe that our focus on pricing and cost controls has improved our cash flow generation over an operating cycle .cash uses during 2018 were primarily focused on working capital requirements , capital spending , debt reductions and returning cash to shareholders through dividends and share repurchases under the company's share repurchase program .cash provided by operating activities cash provided by operations , including discontinued operations , totaled $ 3.2 billion in 2018 , compared with $ 1.8 billion for 2017 , and $ 2.5 billion for 2016 .cash used by working capital components ( accounts receivable , contract assets and inventory less accounts payable and accrued liabilities , interest payable and other ) totaled $ 439 million in 2018 , compared with cash used by working capital components of $ 402 million in 2017 , and cash provided by working capital components of $ 71 million in 2016 .investment activities including discontinued operations , investment activities in 2018 increased from 2017 , as 2018 included higher capital spending .in 2016 , investment activity included the purchase of weyerhaeuser's pulp business for $ 2.2 billion in cash , the purchase of the holmen business for $ 57 million in cash , net of cash acquired , and proceeds from the sale of the asia packaging business of $ 108 million , net of cash divested .the company maintains an average capital spending target around depreciation and amortization levels , or modestly above , due to strategic plans over the course of an economic cycle .capital spending was $ 1.6 billion in 2018 , or 118% ( 118 % ) of depreciation and amortization , compared with $ 1.4 billion in 2017 , or 98% ( 98 % ) of depreciation and amortization , and $ 1.3 billion , or 110% ( 110 % ) of depreciation and amortization in 2016 .across our segments , capital spending as a percentage of depreciation and amortization ranged from 69.8% ( 69.8 % ) to 132.1% ( 132.1 % ) in 2018 .the following table shows capital spending for operations by business segment for the years ended december 31 , 2018 , 2017 and 2016 , excluding amounts related to discontinued operations of $ 111 million in 2017 and $ 107 million in 2016. . in millions | 2018 | 2017 | 2016
industrial packaging | $ 1061 | $ 836 | $ 832
global cellulose fibers | 183 | 188 | 174
printing papers | 303 | 235 | 215
subtotal | 1547 | 1259 | 1221
corporate and other | 25 | 21 | 20
capital spending | $ 1572 | $ 1280 | $ 1241 capital expenditures in 2019 are currently expected to be about $ 1.4 billion , or 104% ( 104 % ) of depreciation and amortization , including approximately $ 400 million of strategic investments. .
Question: what was the capital expenditures for operations in the industrial packaging business segment in 2018, in millions?
Steps: Ask for number 1061
Answer: 1061.0
Question: and what was it in 2017, also in millions?
Steps: Ask for number 836
Answer: 836.0
Question: what was, then, the change over the year?
Steps: subtract(1061, 836)
Answer: 225.0
Question: and how much does that change represent, in percentage, in relation to the capital expenditures for operations in the industrial packaging business segment in 2017?
| convfinqa2136 |
we cannot assure you that the gener restructuring will be completed or that the terms thereof will not be changed materially .in addition , gener is in the process of restructuring the debt of its subsidiaries , termoandes s.a .( 2018 2018termoandes 2019 2019 ) and interandes , s.a .( 2018 2018interandes 2019 2019 ) , and expects that the maturities of these obligations will be extended .under-performing businesses during 2003 we sold or discontinued under-performing businesses and construction projects that did not meet our investment criteria or did not provide reasonable opportunities to restructure .it is anticipated that there will be less ongoing activity related to write-offs of development or construction projects and impairment charges in the future .the businesses , which were affected in 2003 , are listed below .impairment project name project type date location ( in millions ) . project name | project type | date | location | impairment ( in millions )
ede este ( 1 ) | operating | december 2003 | dominican republic | $ 60
wolf hollow | operating | december 2003 | united states | $ 120
granite ridge | operating | december 2003 | united states | $ 201
colombia i | operating | november 2003 | colombia | $ 19
zeg | construction | december 2003 | poland | $ 23
bujagali | construction | august 2003 | uganda | $ 76
el faro | construction | april 2003 | honduras | $ 20 ( 1 ) see note 4 2014discontinued operations .improving credit quality our de-leveraging efforts reduced parent level debt by $ 1.2 billion in 2003 ( including the secured equity-linked loan previously issued by aes new york funding l.l.c. ) .we refinanced and paid down near-term maturities by $ 3.5 billion and enhanced our year-end liquidity to over $ 1 billion .our average debt maturity was extended from 2009 to 2012 .at the subsidiary level we continue to pursue limited recourse financing to reduce parent credit risk .these factors resulted in an overall reduced cost of capital , improved credit statistics and expanded access to credit at both aes and our subsidiaries .liquidity at the aes parent level is an important factor for the rating agencies in determining whether the company 2019s credit quality should improve .currency and political risk tend to be biggest variables to sustaining predictable cash flow .the nature of our large contractual and concession-based cash flow from these businesses serves to mitigate these variables .in 2003 , over 81% ( 81 % ) of cash distributions to the parent company were from u.s .large utilities and worldwide contract generation .on february 4 , 2004 , we called for redemption of $ 155049000 aggregate principal amount of outstanding 8% ( 8 % ) senior notes due 2008 , which represents the entire outstanding principal amount of the 8% ( 8 % ) senior notes due 2008 , and $ 34174000 aggregate principal amount of outstanding 10% ( 10 % ) secured senior notes due 2005 .the 8% ( 8 % ) senior notes due 2008 and the 10% ( 10 % ) secured senior notes due 2005 were redeemed on march 8 , 2004 at a redemption price equal to 100% ( 100 % ) of the principal amount plus accrued and unpaid interest to the redemption date .the mandatory redemption of the 10% ( 10 % ) secured senior notes due 2005 was being made with a portion of our 2018 2018adjusted free cash flow 2019 2019 ( as defined in the indenture pursuant to which the notes were issued ) for the fiscal year ended december 31 , 2003 as required by the indenture and was made on a pro rata basis .on february 13 , 2004 we issued $ 500 million of unsecured senior notes .the unsecured senior notes mature on march 1 , 2014 and are callable at our option at any time at a redemption price equal to 100% ( 100 % ) of the principal amount of the unsecured senior notes plus a make-whole premium .the unsecured senior notes were issued at a price of 98.288% ( 98.288 % ) and pay interest semi-annually at an annual .
Question: what was the sum of impairment costs related to us assets?
| 321.0 | 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.
we cannot assure you that the gener restructuring will be completed or that the terms thereof will not be changed materially .in addition , gener is in the process of restructuring the debt of its subsidiaries , termoandes s.a .( 2018 2018termoandes 2019 2019 ) and interandes , s.a .( 2018 2018interandes 2019 2019 ) , and expects that the maturities of these obligations will be extended .under-performing businesses during 2003 we sold or discontinued under-performing businesses and construction projects that did not meet our investment criteria or did not provide reasonable opportunities to restructure .it is anticipated that there will be less ongoing activity related to write-offs of development or construction projects and impairment charges in the future .the businesses , which were affected in 2003 , are listed below .impairment project name project type date location ( in millions ) . project name | project type | date | location | impairment ( in millions )
ede este ( 1 ) | operating | december 2003 | dominican republic | $ 60
wolf hollow | operating | december 2003 | united states | $ 120
granite ridge | operating | december 2003 | united states | $ 201
colombia i | operating | november 2003 | colombia | $ 19
zeg | construction | december 2003 | poland | $ 23
bujagali | construction | august 2003 | uganda | $ 76
el faro | construction | april 2003 | honduras | $ 20 ( 1 ) see note 4 2014discontinued operations .improving credit quality our de-leveraging efforts reduced parent level debt by $ 1.2 billion in 2003 ( including the secured equity-linked loan previously issued by aes new york funding l.l.c. ) .we refinanced and paid down near-term maturities by $ 3.5 billion and enhanced our year-end liquidity to over $ 1 billion .our average debt maturity was extended from 2009 to 2012 .at the subsidiary level we continue to pursue limited recourse financing to reduce parent credit risk .these factors resulted in an overall reduced cost of capital , improved credit statistics and expanded access to credit at both aes and our subsidiaries .liquidity at the aes parent level is an important factor for the rating agencies in determining whether the company 2019s credit quality should improve .currency and political risk tend to be biggest variables to sustaining predictable cash flow .the nature of our large contractual and concession-based cash flow from these businesses serves to mitigate these variables .in 2003 , over 81% ( 81 % ) of cash distributions to the parent company were from u.s .large utilities and worldwide contract generation .on february 4 , 2004 , we called for redemption of $ 155049000 aggregate principal amount of outstanding 8% ( 8 % ) senior notes due 2008 , which represents the entire outstanding principal amount of the 8% ( 8 % ) senior notes due 2008 , and $ 34174000 aggregate principal amount of outstanding 10% ( 10 % ) secured senior notes due 2005 .the 8% ( 8 % ) senior notes due 2008 and the 10% ( 10 % ) secured senior notes due 2005 were redeemed on march 8 , 2004 at a redemption price equal to 100% ( 100 % ) of the principal amount plus accrued and unpaid interest to the redemption date .the mandatory redemption of the 10% ( 10 % ) secured senior notes due 2005 was being made with a portion of our 2018 2018adjusted free cash flow 2019 2019 ( as defined in the indenture pursuant to which the notes were issued ) for the fiscal year ended december 31 , 2003 as required by the indenture and was made on a pro rata basis .on february 13 , 2004 we issued $ 500 million of unsecured senior notes .the unsecured senior notes mature on march 1 , 2014 and are callable at our option at any time at a redemption price equal to 100% ( 100 % ) of the principal amount of the unsecured senior notes plus a make-whole premium .the unsecured senior notes were issued at a price of 98.288% ( 98.288 % ) and pay interest semi-annually at an annual .
Question: what was the sum of impairment costs related to us assets?
| convfinqa2137 |
we cannot assure you that the gener restructuring will be completed or that the terms thereof will not be changed materially .in addition , gener is in the process of restructuring the debt of its subsidiaries , termoandes s.a .( 2018 2018termoandes 2019 2019 ) and interandes , s.a .( 2018 2018interandes 2019 2019 ) , and expects that the maturities of these obligations will be extended .under-performing businesses during 2003 we sold or discontinued under-performing businesses and construction projects that did not meet our investment criteria or did not provide reasonable opportunities to restructure .it is anticipated that there will be less ongoing activity related to write-offs of development or construction projects and impairment charges in the future .the businesses , which were affected in 2003 , are listed below .impairment project name project type date location ( in millions ) . project name | project type | date | location | impairment ( in millions )
ede este ( 1 ) | operating | december 2003 | dominican republic | $ 60
wolf hollow | operating | december 2003 | united states | $ 120
granite ridge | operating | december 2003 | united states | $ 201
colombia i | operating | november 2003 | colombia | $ 19
zeg | construction | december 2003 | poland | $ 23
bujagali | construction | august 2003 | uganda | $ 76
el faro | construction | april 2003 | honduras | $ 20 ( 1 ) see note 4 2014discontinued operations .improving credit quality our de-leveraging efforts reduced parent level debt by $ 1.2 billion in 2003 ( including the secured equity-linked loan previously issued by aes new york funding l.l.c. ) .we refinanced and paid down near-term maturities by $ 3.5 billion and enhanced our year-end liquidity to over $ 1 billion .our average debt maturity was extended from 2009 to 2012 .at the subsidiary level we continue to pursue limited recourse financing to reduce parent credit risk .these factors resulted in an overall reduced cost of capital , improved credit statistics and expanded access to credit at both aes and our subsidiaries .liquidity at the aes parent level is an important factor for the rating agencies in determining whether the company 2019s credit quality should improve .currency and political risk tend to be biggest variables to sustaining predictable cash flow .the nature of our large contractual and concession-based cash flow from these businesses serves to mitigate these variables .in 2003 , over 81% ( 81 % ) of cash distributions to the parent company were from u.s .large utilities and worldwide contract generation .on february 4 , 2004 , we called for redemption of $ 155049000 aggregate principal amount of outstanding 8% ( 8 % ) senior notes due 2008 , which represents the entire outstanding principal amount of the 8% ( 8 % ) senior notes due 2008 , and $ 34174000 aggregate principal amount of outstanding 10% ( 10 % ) secured senior notes due 2005 .the 8% ( 8 % ) senior notes due 2008 and the 10% ( 10 % ) secured senior notes due 2005 were redeemed on march 8 , 2004 at a redemption price equal to 100% ( 100 % ) of the principal amount plus accrued and unpaid interest to the redemption date .the mandatory redemption of the 10% ( 10 % ) secured senior notes due 2005 was being made with a portion of our 2018 2018adjusted free cash flow 2019 2019 ( as defined in the indenture pursuant to which the notes were issued ) for the fiscal year ended december 31 , 2003 as required by the indenture and was made on a pro rata basis .on february 13 , 2004 we issued $ 500 million of unsecured senior notes .the unsecured senior notes mature on march 1 , 2014 and are callable at our option at any time at a redemption price equal to 100% ( 100 % ) of the principal amount of the unsecured senior notes plus a make-whole premium .the unsecured senior notes were issued at a price of 98.288% ( 98.288 % ) and pay interest semi-annually at an annual .
Question: what was the sum of impairment costs related to us assets?
Steps: add(120, 201)
Answer: 321.0
Question: what is that time 1000000?
| 321000000.0 | 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.
we cannot assure you that the gener restructuring will be completed or that the terms thereof will not be changed materially .in addition , gener is in the process of restructuring the debt of its subsidiaries , termoandes s.a .( 2018 2018termoandes 2019 2019 ) and interandes , s.a .( 2018 2018interandes 2019 2019 ) , and expects that the maturities of these obligations will be extended .under-performing businesses during 2003 we sold or discontinued under-performing businesses and construction projects that did not meet our investment criteria or did not provide reasonable opportunities to restructure .it is anticipated that there will be less ongoing activity related to write-offs of development or construction projects and impairment charges in the future .the businesses , which were affected in 2003 , are listed below .impairment project name project type date location ( in millions ) . project name | project type | date | location | impairment ( in millions )
ede este ( 1 ) | operating | december 2003 | dominican republic | $ 60
wolf hollow | operating | december 2003 | united states | $ 120
granite ridge | operating | december 2003 | united states | $ 201
colombia i | operating | november 2003 | colombia | $ 19
zeg | construction | december 2003 | poland | $ 23
bujagali | construction | august 2003 | uganda | $ 76
el faro | construction | april 2003 | honduras | $ 20 ( 1 ) see note 4 2014discontinued operations .improving credit quality our de-leveraging efforts reduced parent level debt by $ 1.2 billion in 2003 ( including the secured equity-linked loan previously issued by aes new york funding l.l.c. ) .we refinanced and paid down near-term maturities by $ 3.5 billion and enhanced our year-end liquidity to over $ 1 billion .our average debt maturity was extended from 2009 to 2012 .at the subsidiary level we continue to pursue limited recourse financing to reduce parent credit risk .these factors resulted in an overall reduced cost of capital , improved credit statistics and expanded access to credit at both aes and our subsidiaries .liquidity at the aes parent level is an important factor for the rating agencies in determining whether the company 2019s credit quality should improve .currency and political risk tend to be biggest variables to sustaining predictable cash flow .the nature of our large contractual and concession-based cash flow from these businesses serves to mitigate these variables .in 2003 , over 81% ( 81 % ) of cash distributions to the parent company were from u.s .large utilities and worldwide contract generation .on february 4 , 2004 , we called for redemption of $ 155049000 aggregate principal amount of outstanding 8% ( 8 % ) senior notes due 2008 , which represents the entire outstanding principal amount of the 8% ( 8 % ) senior notes due 2008 , and $ 34174000 aggregate principal amount of outstanding 10% ( 10 % ) secured senior notes due 2005 .the 8% ( 8 % ) senior notes due 2008 and the 10% ( 10 % ) secured senior notes due 2005 were redeemed on march 8 , 2004 at a redemption price equal to 100% ( 100 % ) of the principal amount plus accrued and unpaid interest to the redemption date .the mandatory redemption of the 10% ( 10 % ) secured senior notes due 2005 was being made with a portion of our 2018 2018adjusted free cash flow 2019 2019 ( as defined in the indenture pursuant to which the notes were issued ) for the fiscal year ended december 31 , 2003 as required by the indenture and was made on a pro rata basis .on february 13 , 2004 we issued $ 500 million of unsecured senior notes .the unsecured senior notes mature on march 1 , 2014 and are callable at our option at any time at a redemption price equal to 100% ( 100 % ) of the principal amount of the unsecured senior notes plus a make-whole premium .the unsecured senior notes were issued at a price of 98.288% ( 98.288 % ) and pay interest semi-annually at an annual .
Question: what was the sum of impairment costs related to us assets?
Steps: add(120, 201)
Answer: 321.0
Question: what is that time 1000000?
| convfinqa2138 |
system energy resources , inc .management's financial discussion and analysis with syndicated bank letters of credit .in december 2004 , system energy amended these letters of credit and they now expire in may 2009 .system energy may refinance or redeem debt prior to maturity , to the extent market conditions and interest and dividend rates are favorable .all debt and common stock issuances by system energy require prior regulatory approval .debt issuances are also subject to issuance tests set forth in its bond indentures and other agreements .system energy has sufficient capacity under these tests to meet its foreseeable capital needs .system energy has obtained a short-term borrowing authorization from the ferc under which it may borrow , through march 31 , 2010 , up to the aggregate amount , at any one time outstanding , of $ 200 million .see note 4 to the financial statements for further discussion of system energy's short-term borrowing limits .system energy has also obtained an order from the ferc authorizing long-term securities issuances .the current long- term authorization extends through june 2009 .system energy's receivables from the money pool were as follows as of december 31 for each of the following years: . 2008 | 2007 | 2006 | 2005
( in thousands ) | ( in thousands ) | ( in thousands ) | ( in thousands )
$ 42915 | $ 53620 | $ 88231 | $ 277287 in may 2007 , $ 22.5 million of system energy's receivable from the money pool was replaced by a note receivable from entergy new orleans .see note 4 to the financial statements for a description of the money pool .nuclear matters system energy owns and operates grand gulf .system energy is , therefore , subject to the risks related to owning and operating a nuclear plant .these include risks from the use , storage , handling and disposal of high-level and low-level radioactive materials , regulatory requirement changes , including changes resulting from events at other plants , limitations on the amounts and types of insurance commercially available for losses in connection with nuclear operations , and technological and financial uncertainties related to decommissioning nuclear plants at the end of their licensed lives , including the sufficiency of funds in decommissioning trusts .in the event of an unanticipated early shutdown of grand gulf , system energy may be required to provide additional funds or credit support to satisfy regulatory requirements for decommissioning .environmental risks system energy's facilities and operations are subject to regulation by various governmental authorities having jurisdiction over air quality , water quality , control of toxic substances and hazardous and solid wastes , and other environmental matters .management believes that system energy is in substantial compliance with environmental regulations currently applicable to its facilities and operations .because environmental regulations are subject to change , future compliance costs cannot be precisely estimated .critical accounting estimates the preparation of system energy's financial statements in conformity with generally accepted accounting principles requires management to apply appropriate accounting policies and to make estimates and judgments that .
Question: what was the net change in value of receivables from the money pool from 2007 to 2008?
| 10705.0 | 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.
system energy resources , inc .management's financial discussion and analysis with syndicated bank letters of credit .in december 2004 , system energy amended these letters of credit and they now expire in may 2009 .system energy may refinance or redeem debt prior to maturity , to the extent market conditions and interest and dividend rates are favorable .all debt and common stock issuances by system energy require prior regulatory approval .debt issuances are also subject to issuance tests set forth in its bond indentures and other agreements .system energy has sufficient capacity under these tests to meet its foreseeable capital needs .system energy has obtained a short-term borrowing authorization from the ferc under which it may borrow , through march 31 , 2010 , up to the aggregate amount , at any one time outstanding , of $ 200 million .see note 4 to the financial statements for further discussion of system energy's short-term borrowing limits .system energy has also obtained an order from the ferc authorizing long-term securities issuances .the current long- term authorization extends through june 2009 .system energy's receivables from the money pool were as follows as of december 31 for each of the following years: . 2008 | 2007 | 2006 | 2005
( in thousands ) | ( in thousands ) | ( in thousands ) | ( in thousands )
$ 42915 | $ 53620 | $ 88231 | $ 277287 in may 2007 , $ 22.5 million of system energy's receivable from the money pool was replaced by a note receivable from entergy new orleans .see note 4 to the financial statements for a description of the money pool .nuclear matters system energy owns and operates grand gulf .system energy is , therefore , subject to the risks related to owning and operating a nuclear plant .these include risks from the use , storage , handling and disposal of high-level and low-level radioactive materials , regulatory requirement changes , including changes resulting from events at other plants , limitations on the amounts and types of insurance commercially available for losses in connection with nuclear operations , and technological and financial uncertainties related to decommissioning nuclear plants at the end of their licensed lives , including the sufficiency of funds in decommissioning trusts .in the event of an unanticipated early shutdown of grand gulf , system energy may be required to provide additional funds or credit support to satisfy regulatory requirements for decommissioning .environmental risks system energy's facilities and operations are subject to regulation by various governmental authorities having jurisdiction over air quality , water quality , control of toxic substances and hazardous and solid wastes , and other environmental matters .management believes that system energy is in substantial compliance with environmental regulations currently applicable to its facilities and operations .because environmental regulations are subject to change , future compliance costs cannot be precisely estimated .critical accounting estimates the preparation of system energy's financial statements in conformity with generally accepted accounting principles requires management to apply appropriate accounting policies and to make estimates and judgments that .
Question: what was the net change in value of receivables from the money pool from 2007 to 2008?
| convfinqa2139 |
system energy resources , inc .management's financial discussion and analysis with syndicated bank letters of credit .in december 2004 , system energy amended these letters of credit and they now expire in may 2009 .system energy may refinance or redeem debt prior to maturity , to the extent market conditions and interest and dividend rates are favorable .all debt and common stock issuances by system energy require prior regulatory approval .debt issuances are also subject to issuance tests set forth in its bond indentures and other agreements .system energy has sufficient capacity under these tests to meet its foreseeable capital needs .system energy has obtained a short-term borrowing authorization from the ferc under which it may borrow , through march 31 , 2010 , up to the aggregate amount , at any one time outstanding , of $ 200 million .see note 4 to the financial statements for further discussion of system energy's short-term borrowing limits .system energy has also obtained an order from the ferc authorizing long-term securities issuances .the current long- term authorization extends through june 2009 .system energy's receivables from the money pool were as follows as of december 31 for each of the following years: . 2008 | 2007 | 2006 | 2005
( in thousands ) | ( in thousands ) | ( in thousands ) | ( in thousands )
$ 42915 | $ 53620 | $ 88231 | $ 277287 in may 2007 , $ 22.5 million of system energy's receivable from the money pool was replaced by a note receivable from entergy new orleans .see note 4 to the financial statements for a description of the money pool .nuclear matters system energy owns and operates grand gulf .system energy is , therefore , subject to the risks related to owning and operating a nuclear plant .these include risks from the use , storage , handling and disposal of high-level and low-level radioactive materials , regulatory requirement changes , including changes resulting from events at other plants , limitations on the amounts and types of insurance commercially available for losses in connection with nuclear operations , and technological and financial uncertainties related to decommissioning nuclear plants at the end of their licensed lives , including the sufficiency of funds in decommissioning trusts .in the event of an unanticipated early shutdown of grand gulf , system energy may be required to provide additional funds or credit support to satisfy regulatory requirements for decommissioning .environmental risks system energy's facilities and operations are subject to regulation by various governmental authorities having jurisdiction over air quality , water quality , control of toxic substances and hazardous and solid wastes , and other environmental matters .management believes that system energy is in substantial compliance with environmental regulations currently applicable to its facilities and operations .because environmental regulations are subject to change , future compliance costs cannot be precisely estimated .critical accounting estimates the preparation of system energy's financial statements in conformity with generally accepted accounting principles requires management to apply appropriate accounting policies and to make estimates and judgments that .
Question: what was the net change in value of receivables from the money pool from 2007 to 2008?
Steps: subtract(53620, 42915)
Answer: 10705.0
Question: what was the 2007 value?
| 42915.0 | 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.
system energy resources , inc .management's financial discussion and analysis with syndicated bank letters of credit .in december 2004 , system energy amended these letters of credit and they now expire in may 2009 .system energy may refinance or redeem debt prior to maturity , to the extent market conditions and interest and dividend rates are favorable .all debt and common stock issuances by system energy require prior regulatory approval .debt issuances are also subject to issuance tests set forth in its bond indentures and other agreements .system energy has sufficient capacity under these tests to meet its foreseeable capital needs .system energy has obtained a short-term borrowing authorization from the ferc under which it may borrow , through march 31 , 2010 , up to the aggregate amount , at any one time outstanding , of $ 200 million .see note 4 to the financial statements for further discussion of system energy's short-term borrowing limits .system energy has also obtained an order from the ferc authorizing long-term securities issuances .the current long- term authorization extends through june 2009 .system energy's receivables from the money pool were as follows as of december 31 for each of the following years: . 2008 | 2007 | 2006 | 2005
( in thousands ) | ( in thousands ) | ( in thousands ) | ( in thousands )
$ 42915 | $ 53620 | $ 88231 | $ 277287 in may 2007 , $ 22.5 million of system energy's receivable from the money pool was replaced by a note receivable from entergy new orleans .see note 4 to the financial statements for a description of the money pool .nuclear matters system energy owns and operates grand gulf .system energy is , therefore , subject to the risks related to owning and operating a nuclear plant .these include risks from the use , storage , handling and disposal of high-level and low-level radioactive materials , regulatory requirement changes , including changes resulting from events at other plants , limitations on the amounts and types of insurance commercially available for losses in connection with nuclear operations , and technological and financial uncertainties related to decommissioning nuclear plants at the end of their licensed lives , including the sufficiency of funds in decommissioning trusts .in the event of an unanticipated early shutdown of grand gulf , system energy may be required to provide additional funds or credit support to satisfy regulatory requirements for decommissioning .environmental risks system energy's facilities and operations are subject to regulation by various governmental authorities having jurisdiction over air quality , water quality , control of toxic substances and hazardous and solid wastes , and other environmental matters .management believes that system energy is in substantial compliance with environmental regulations currently applicable to its facilities and operations .because environmental regulations are subject to change , future compliance costs cannot be precisely estimated .critical accounting estimates the preparation of system energy's financial statements in conformity with generally accepted accounting principles requires management to apply appropriate accounting policies and to make estimates and judgments that .
Question: what was the net change in value of receivables from the money pool from 2007 to 2008?
Steps: subtract(53620, 42915)
Answer: 10705.0
Question: what was the 2007 value?
| convfinqa2140 |
system energy resources , inc .management's financial discussion and analysis with syndicated bank letters of credit .in december 2004 , system energy amended these letters of credit and they now expire in may 2009 .system energy may refinance or redeem debt prior to maturity , to the extent market conditions and interest and dividend rates are favorable .all debt and common stock issuances by system energy require prior regulatory approval .debt issuances are also subject to issuance tests set forth in its bond indentures and other agreements .system energy has sufficient capacity under these tests to meet its foreseeable capital needs .system energy has obtained a short-term borrowing authorization from the ferc under which it may borrow , through march 31 , 2010 , up to the aggregate amount , at any one time outstanding , of $ 200 million .see note 4 to the financial statements for further discussion of system energy's short-term borrowing limits .system energy has also obtained an order from the ferc authorizing long-term securities issuances .the current long- term authorization extends through june 2009 .system energy's receivables from the money pool were as follows as of december 31 for each of the following years: . 2008 | 2007 | 2006 | 2005
( in thousands ) | ( in thousands ) | ( in thousands ) | ( in thousands )
$ 42915 | $ 53620 | $ 88231 | $ 277287 in may 2007 , $ 22.5 million of system energy's receivable from the money pool was replaced by a note receivable from entergy new orleans .see note 4 to the financial statements for a description of the money pool .nuclear matters system energy owns and operates grand gulf .system energy is , therefore , subject to the risks related to owning and operating a nuclear plant .these include risks from the use , storage , handling and disposal of high-level and low-level radioactive materials , regulatory requirement changes , including changes resulting from events at other plants , limitations on the amounts and types of insurance commercially available for losses in connection with nuclear operations , and technological and financial uncertainties related to decommissioning nuclear plants at the end of their licensed lives , including the sufficiency of funds in decommissioning trusts .in the event of an unanticipated early shutdown of grand gulf , system energy may be required to provide additional funds or credit support to satisfy regulatory requirements for decommissioning .environmental risks system energy's facilities and operations are subject to regulation by various governmental authorities having jurisdiction over air quality , water quality , control of toxic substances and hazardous and solid wastes , and other environmental matters .management believes that system energy is in substantial compliance with environmental regulations currently applicable to its facilities and operations .because environmental regulations are subject to change , future compliance costs cannot be precisely estimated .critical accounting estimates the preparation of system energy's financial statements in conformity with generally accepted accounting principles requires management to apply appropriate accounting policies and to make estimates and judgments that .
Question: what was the net change in value of receivables from the money pool from 2007 to 2008?
Steps: subtract(53620, 42915)
Answer: 10705.0
Question: what was the 2007 value?
Steps: Ask for number 42915
Answer: 42915.0
Question: what is the percent change?
| 0.24945 | 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.
system energy resources , inc .management's financial discussion and analysis with syndicated bank letters of credit .in december 2004 , system energy amended these letters of credit and they now expire in may 2009 .system energy may refinance or redeem debt prior to maturity , to the extent market conditions and interest and dividend rates are favorable .all debt and common stock issuances by system energy require prior regulatory approval .debt issuances are also subject to issuance tests set forth in its bond indentures and other agreements .system energy has sufficient capacity under these tests to meet its foreseeable capital needs .system energy has obtained a short-term borrowing authorization from the ferc under which it may borrow , through march 31 , 2010 , up to the aggregate amount , at any one time outstanding , of $ 200 million .see note 4 to the financial statements for further discussion of system energy's short-term borrowing limits .system energy has also obtained an order from the ferc authorizing long-term securities issuances .the current long- term authorization extends through june 2009 .system energy's receivables from the money pool were as follows as of december 31 for each of the following years: . 2008 | 2007 | 2006 | 2005
( in thousands ) | ( in thousands ) | ( in thousands ) | ( in thousands )
$ 42915 | $ 53620 | $ 88231 | $ 277287 in may 2007 , $ 22.5 million of system energy's receivable from the money pool was replaced by a note receivable from entergy new orleans .see note 4 to the financial statements for a description of the money pool .nuclear matters system energy owns and operates grand gulf .system energy is , therefore , subject to the risks related to owning and operating a nuclear plant .these include risks from the use , storage , handling and disposal of high-level and low-level radioactive materials , regulatory requirement changes , including changes resulting from events at other plants , limitations on the amounts and types of insurance commercially available for losses in connection with nuclear operations , and technological and financial uncertainties related to decommissioning nuclear plants at the end of their licensed lives , including the sufficiency of funds in decommissioning trusts .in the event of an unanticipated early shutdown of grand gulf , system energy may be required to provide additional funds or credit support to satisfy regulatory requirements for decommissioning .environmental risks system energy's facilities and operations are subject to regulation by various governmental authorities having jurisdiction over air quality , water quality , control of toxic substances and hazardous and solid wastes , and other environmental matters .management believes that system energy is in substantial compliance with environmental regulations currently applicable to its facilities and operations .because environmental regulations are subject to change , future compliance costs cannot be precisely estimated .critical accounting estimates the preparation of system energy's financial statements in conformity with generally accepted accounting principles requires management to apply appropriate accounting policies and to make estimates and judgments that .
Question: what was the net change in value of receivables from the money pool from 2007 to 2008?
Steps: subtract(53620, 42915)
Answer: 10705.0
Question: what was the 2007 value?
Steps: Ask for number 42915
Answer: 42915.0
Question: what is the percent change?
| convfinqa2141 |
net unfunded credit commitments . december 31 - in millions | 2007 | 2006
commercial | $ 39171 | $ 31009
consumer | 10875 | 10495
commercial real estate | 2734 | 2752
other | 567 | 579
total | $ 53347 | $ 44835 commitments to extend credit represent arrangements to lend funds subject to specified contractual conditions .at december 31 , 2007 , commercial commitments are reported net of $ 8.9 billion of participations , assignments and syndications , primarily to financial services companies .the comparable amount at december 31 , 2006 was $ 8.3 billion .commitments generally have fixed expiration dates , may require payment of a fee , and contain termination clauses in the event the customer 2019s credit quality deteriorates .based on our historical experience , most commitments expire unfunded , and therefore cash requirements are substantially less than the total commitment .consumer home equity lines of credit accounted for 80% ( 80 % ) of consumer unfunded credit commitments .unfunded credit commitments related to market street totaled $ 8.8 billion at december 31 , 2007 and $ 5.6 billion at december 31 , 2006 and are included in the preceding table primarily within the 201ccommercial 201d and 201cconsumer 201d categories .note 24 commitments and guarantees includes information regarding standby letters of credit and bankers 2019 acceptances .at december 31 , 2007 , the largest industry concentration was for general medical and surgical hospitals , which accounted for approximately 5% ( 5 % ) of the total letters of credit and bankers 2019 acceptances .at december 31 , 2007 , we pledged $ 1.6 billion of loans to the federal reserve bank ( 201cfrb 201d ) and $ 33.5 billion of loans to the federal home loan bank ( 201cfhlb 201d ) as collateral for the contingent ability to borrow , if necessary .certain directors and executive officers of pnc and its subsidiaries , as well as certain affiliated companies of these directors and officers , were customers of and had loans with subsidiary banks in the ordinary course of business .all such loans were on substantially the same terms , including interest rates and collateral , as those prevailing at the time for comparable transactions with other customers and did not involve more than a normal risk of collectibility or present other unfavorable features .the aggregate principal amounts of these loans were $ 13 million at december 31 , 2007 and $ 18 million at december 31 , 2006 .during 2007 , new loans of $ 48 million were funded and repayments totaled $ 53 million. .
Question: what was the total of commercial commitments net of participations , assignments and syndications , primarily to financial services companies in 2007, in billions?
| 8.9 | 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.
net unfunded credit commitments . december 31 - in millions | 2007 | 2006
commercial | $ 39171 | $ 31009
consumer | 10875 | 10495
commercial real estate | 2734 | 2752
other | 567 | 579
total | $ 53347 | $ 44835 commitments to extend credit represent arrangements to lend funds subject to specified contractual conditions .at december 31 , 2007 , commercial commitments are reported net of $ 8.9 billion of participations , assignments and syndications , primarily to financial services companies .the comparable amount at december 31 , 2006 was $ 8.3 billion .commitments generally have fixed expiration dates , may require payment of a fee , and contain termination clauses in the event the customer 2019s credit quality deteriorates .based on our historical experience , most commitments expire unfunded , and therefore cash requirements are substantially less than the total commitment .consumer home equity lines of credit accounted for 80% ( 80 % ) of consumer unfunded credit commitments .unfunded credit commitments related to market street totaled $ 8.8 billion at december 31 , 2007 and $ 5.6 billion at december 31 , 2006 and are included in the preceding table primarily within the 201ccommercial 201d and 201cconsumer 201d categories .note 24 commitments and guarantees includes information regarding standby letters of credit and bankers 2019 acceptances .at december 31 , 2007 , the largest industry concentration was for general medical and surgical hospitals , which accounted for approximately 5% ( 5 % ) of the total letters of credit and bankers 2019 acceptances .at december 31 , 2007 , we pledged $ 1.6 billion of loans to the federal reserve bank ( 201cfrb 201d ) and $ 33.5 billion of loans to the federal home loan bank ( 201cfhlb 201d ) as collateral for the contingent ability to borrow , if necessary .certain directors and executive officers of pnc and its subsidiaries , as well as certain affiliated companies of these directors and officers , were customers of and had loans with subsidiary banks in the ordinary course of business .all such loans were on substantially the same terms , including interest rates and collateral , as those prevailing at the time for comparable transactions with other customers and did not involve more than a normal risk of collectibility or present other unfavorable features .the aggregate principal amounts of these loans were $ 13 million at december 31 , 2007 and $ 18 million at december 31 , 2006 .during 2007 , new loans of $ 48 million were funded and repayments totaled $ 53 million. .
Question: what was the total of commercial commitments net of participations , assignments and syndications , primarily to financial services companies in 2007, in billions?
| convfinqa2142 |
net unfunded credit commitments . december 31 - in millions | 2007 | 2006
commercial | $ 39171 | $ 31009
consumer | 10875 | 10495
commercial real estate | 2734 | 2752
other | 567 | 579
total | $ 53347 | $ 44835 commitments to extend credit represent arrangements to lend funds subject to specified contractual conditions .at december 31 , 2007 , commercial commitments are reported net of $ 8.9 billion of participations , assignments and syndications , primarily to financial services companies .the comparable amount at december 31 , 2006 was $ 8.3 billion .commitments generally have fixed expiration dates , may require payment of a fee , and contain termination clauses in the event the customer 2019s credit quality deteriorates .based on our historical experience , most commitments expire unfunded , and therefore cash requirements are substantially less than the total commitment .consumer home equity lines of credit accounted for 80% ( 80 % ) of consumer unfunded credit commitments .unfunded credit commitments related to market street totaled $ 8.8 billion at december 31 , 2007 and $ 5.6 billion at december 31 , 2006 and are included in the preceding table primarily within the 201ccommercial 201d and 201cconsumer 201d categories .note 24 commitments and guarantees includes information regarding standby letters of credit and bankers 2019 acceptances .at december 31 , 2007 , the largest industry concentration was for general medical and surgical hospitals , which accounted for approximately 5% ( 5 % ) of the total letters of credit and bankers 2019 acceptances .at december 31 , 2007 , we pledged $ 1.6 billion of loans to the federal reserve bank ( 201cfrb 201d ) and $ 33.5 billion of loans to the federal home loan bank ( 201cfhlb 201d ) as collateral for the contingent ability to borrow , if necessary .certain directors and executive officers of pnc and its subsidiaries , as well as certain affiliated companies of these directors and officers , were customers of and had loans with subsidiary banks in the ordinary course of business .all such loans were on substantially the same terms , including interest rates and collateral , as those prevailing at the time for comparable transactions with other customers and did not involve more than a normal risk of collectibility or present other unfavorable features .the aggregate principal amounts of these loans were $ 13 million at december 31 , 2007 and $ 18 million at december 31 , 2006 .during 2007 , new loans of $ 48 million were funded and repayments totaled $ 53 million. .
Question: what was the total of commercial commitments net of participations , assignments and syndications , primarily to financial services companies in 2007, in billions?
Steps: Ask for number 8.9
Answer: 8.9
Question: and what was it in 2006, also in billions?
| 8.3 | 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.
net unfunded credit commitments . december 31 - in millions | 2007 | 2006
commercial | $ 39171 | $ 31009
consumer | 10875 | 10495
commercial real estate | 2734 | 2752
other | 567 | 579
total | $ 53347 | $ 44835 commitments to extend credit represent arrangements to lend funds subject to specified contractual conditions .at december 31 , 2007 , commercial commitments are reported net of $ 8.9 billion of participations , assignments and syndications , primarily to financial services companies .the comparable amount at december 31 , 2006 was $ 8.3 billion .commitments generally have fixed expiration dates , may require payment of a fee , and contain termination clauses in the event the customer 2019s credit quality deteriorates .based on our historical experience , most commitments expire unfunded , and therefore cash requirements are substantially less than the total commitment .consumer home equity lines of credit accounted for 80% ( 80 % ) of consumer unfunded credit commitments .unfunded credit commitments related to market street totaled $ 8.8 billion at december 31 , 2007 and $ 5.6 billion at december 31 , 2006 and are included in the preceding table primarily within the 201ccommercial 201d and 201cconsumer 201d categories .note 24 commitments and guarantees includes information regarding standby letters of credit and bankers 2019 acceptances .at december 31 , 2007 , the largest industry concentration was for general medical and surgical hospitals , which accounted for approximately 5% ( 5 % ) of the total letters of credit and bankers 2019 acceptances .at december 31 , 2007 , we pledged $ 1.6 billion of loans to the federal reserve bank ( 201cfrb 201d ) and $ 33.5 billion of loans to the federal home loan bank ( 201cfhlb 201d ) as collateral for the contingent ability to borrow , if necessary .certain directors and executive officers of pnc and its subsidiaries , as well as certain affiliated companies of these directors and officers , were customers of and had loans with subsidiary banks in the ordinary course of business .all such loans were on substantially the same terms , including interest rates and collateral , as those prevailing at the time for comparable transactions with other customers and did not involve more than a normal risk of collectibility or present other unfavorable features .the aggregate principal amounts of these loans were $ 13 million at december 31 , 2007 and $ 18 million at december 31 , 2006 .during 2007 , new loans of $ 48 million were funded and repayments totaled $ 53 million. .
Question: what was the total of commercial commitments net of participations , assignments and syndications , primarily to financial services companies in 2007, in billions?
Steps: Ask for number 8.9
Answer: 8.9
Question: and what was it in 2006, also in billions?
| convfinqa2143 |
net unfunded credit commitments . december 31 - in millions | 2007 | 2006
commercial | $ 39171 | $ 31009
consumer | 10875 | 10495
commercial real estate | 2734 | 2752
other | 567 | 579
total | $ 53347 | $ 44835 commitments to extend credit represent arrangements to lend funds subject to specified contractual conditions .at december 31 , 2007 , commercial commitments are reported net of $ 8.9 billion of participations , assignments and syndications , primarily to financial services companies .the comparable amount at december 31 , 2006 was $ 8.3 billion .commitments generally have fixed expiration dates , may require payment of a fee , and contain termination clauses in the event the customer 2019s credit quality deteriorates .based on our historical experience , most commitments expire unfunded , and therefore cash requirements are substantially less than the total commitment .consumer home equity lines of credit accounted for 80% ( 80 % ) of consumer unfunded credit commitments .unfunded credit commitments related to market street totaled $ 8.8 billion at december 31 , 2007 and $ 5.6 billion at december 31 , 2006 and are included in the preceding table primarily within the 201ccommercial 201d and 201cconsumer 201d categories .note 24 commitments and guarantees includes information regarding standby letters of credit and bankers 2019 acceptances .at december 31 , 2007 , the largest industry concentration was for general medical and surgical hospitals , which accounted for approximately 5% ( 5 % ) of the total letters of credit and bankers 2019 acceptances .at december 31 , 2007 , we pledged $ 1.6 billion of loans to the federal reserve bank ( 201cfrb 201d ) and $ 33.5 billion of loans to the federal home loan bank ( 201cfhlb 201d ) as collateral for the contingent ability to borrow , if necessary .certain directors and executive officers of pnc and its subsidiaries , as well as certain affiliated companies of these directors and officers , were customers of and had loans with subsidiary banks in the ordinary course of business .all such loans were on substantially the same terms , including interest rates and collateral , as those prevailing at the time for comparable transactions with other customers and did not involve more than a normal risk of collectibility or present other unfavorable features .the aggregate principal amounts of these loans were $ 13 million at december 31 , 2007 and $ 18 million at december 31 , 2006 .during 2007 , new loans of $ 48 million were funded and repayments totaled $ 53 million. .
Question: what was the total of commercial commitments net of participations , assignments and syndications , primarily to financial services companies in 2007, in billions?
Steps: Ask for number 8.9
Answer: 8.9
Question: and what was it in 2006, also in billions?
Steps: Ask for number 8.3
Answer: 8.3
Question: what was, then, the change over the year?
| 0.6 | 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.
net unfunded credit commitments . december 31 - in millions | 2007 | 2006
commercial | $ 39171 | $ 31009
consumer | 10875 | 10495
commercial real estate | 2734 | 2752
other | 567 | 579
total | $ 53347 | $ 44835 commitments to extend credit represent arrangements to lend funds subject to specified contractual conditions .at december 31 , 2007 , commercial commitments are reported net of $ 8.9 billion of participations , assignments and syndications , primarily to financial services companies .the comparable amount at december 31 , 2006 was $ 8.3 billion .commitments generally have fixed expiration dates , may require payment of a fee , and contain termination clauses in the event the customer 2019s credit quality deteriorates .based on our historical experience , most commitments expire unfunded , and therefore cash requirements are substantially less than the total commitment .consumer home equity lines of credit accounted for 80% ( 80 % ) of consumer unfunded credit commitments .unfunded credit commitments related to market street totaled $ 8.8 billion at december 31 , 2007 and $ 5.6 billion at december 31 , 2006 and are included in the preceding table primarily within the 201ccommercial 201d and 201cconsumer 201d categories .note 24 commitments and guarantees includes information regarding standby letters of credit and bankers 2019 acceptances .at december 31 , 2007 , the largest industry concentration was for general medical and surgical hospitals , which accounted for approximately 5% ( 5 % ) of the total letters of credit and bankers 2019 acceptances .at december 31 , 2007 , we pledged $ 1.6 billion of loans to the federal reserve bank ( 201cfrb 201d ) and $ 33.5 billion of loans to the federal home loan bank ( 201cfhlb 201d ) as collateral for the contingent ability to borrow , if necessary .certain directors and executive officers of pnc and its subsidiaries , as well as certain affiliated companies of these directors and officers , were customers of and had loans with subsidiary banks in the ordinary course of business .all such loans were on substantially the same terms , including interest rates and collateral , as those prevailing at the time for comparable transactions with other customers and did not involve more than a normal risk of collectibility or present other unfavorable features .the aggregate principal amounts of these loans were $ 13 million at december 31 , 2007 and $ 18 million at december 31 , 2006 .during 2007 , new loans of $ 48 million were funded and repayments totaled $ 53 million. .
Question: what was the total of commercial commitments net of participations , assignments and syndications , primarily to financial services companies in 2007, in billions?
Steps: Ask for number 8.9
Answer: 8.9
Question: and what was it in 2006, also in billions?
Steps: Ask for number 8.3
Answer: 8.3
Question: what was, then, the change over the year?
| convfinqa2144 |
net unfunded credit commitments . december 31 - in millions | 2007 | 2006
commercial | $ 39171 | $ 31009
consumer | 10875 | 10495
commercial real estate | 2734 | 2752
other | 567 | 579
total | $ 53347 | $ 44835 commitments to extend credit represent arrangements to lend funds subject to specified contractual conditions .at december 31 , 2007 , commercial commitments are reported net of $ 8.9 billion of participations , assignments and syndications , primarily to financial services companies .the comparable amount at december 31 , 2006 was $ 8.3 billion .commitments generally have fixed expiration dates , may require payment of a fee , and contain termination clauses in the event the customer 2019s credit quality deteriorates .based on our historical experience , most commitments expire unfunded , and therefore cash requirements are substantially less than the total commitment .consumer home equity lines of credit accounted for 80% ( 80 % ) of consumer unfunded credit commitments .unfunded credit commitments related to market street totaled $ 8.8 billion at december 31 , 2007 and $ 5.6 billion at december 31 , 2006 and are included in the preceding table primarily within the 201ccommercial 201d and 201cconsumer 201d categories .note 24 commitments and guarantees includes information regarding standby letters of credit and bankers 2019 acceptances .at december 31 , 2007 , the largest industry concentration was for general medical and surgical hospitals , which accounted for approximately 5% ( 5 % ) of the total letters of credit and bankers 2019 acceptances .at december 31 , 2007 , we pledged $ 1.6 billion of loans to the federal reserve bank ( 201cfrb 201d ) and $ 33.5 billion of loans to the federal home loan bank ( 201cfhlb 201d ) as collateral for the contingent ability to borrow , if necessary .certain directors and executive officers of pnc and its subsidiaries , as well as certain affiliated companies of these directors and officers , were customers of and had loans with subsidiary banks in the ordinary course of business .all such loans were on substantially the same terms , including interest rates and collateral , as those prevailing at the time for comparable transactions with other customers and did not involve more than a normal risk of collectibility or present other unfavorable features .the aggregate principal amounts of these loans were $ 13 million at december 31 , 2007 and $ 18 million at december 31 , 2006 .during 2007 , new loans of $ 48 million were funded and repayments totaled $ 53 million. .
Question: what was the total of commercial commitments net of participations , assignments and syndications , primarily to financial services companies in 2007, in billions?
Steps: Ask for number 8.9
Answer: 8.9
Question: and what was it in 2006, also in billions?
Steps: Ask for number 8.3
Answer: 8.3
Question: what was, then, the change over the year?
Steps: subtract(8.9, 8.3)
Answer: 0.6
Question: and in the last year of that period, what percentage of the consumer unfunded credit commitments did the consumer home equity lines of credit account for?
| 0.8 | 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.
net unfunded credit commitments . december 31 - in millions | 2007 | 2006
commercial | $ 39171 | $ 31009
consumer | 10875 | 10495
commercial real estate | 2734 | 2752
other | 567 | 579
total | $ 53347 | $ 44835 commitments to extend credit represent arrangements to lend funds subject to specified contractual conditions .at december 31 , 2007 , commercial commitments are reported net of $ 8.9 billion of participations , assignments and syndications , primarily to financial services companies .the comparable amount at december 31 , 2006 was $ 8.3 billion .commitments generally have fixed expiration dates , may require payment of a fee , and contain termination clauses in the event the customer 2019s credit quality deteriorates .based on our historical experience , most commitments expire unfunded , and therefore cash requirements are substantially less than the total commitment .consumer home equity lines of credit accounted for 80% ( 80 % ) of consumer unfunded credit commitments .unfunded credit commitments related to market street totaled $ 8.8 billion at december 31 , 2007 and $ 5.6 billion at december 31 , 2006 and are included in the preceding table primarily within the 201ccommercial 201d and 201cconsumer 201d categories .note 24 commitments and guarantees includes information regarding standby letters of credit and bankers 2019 acceptances .at december 31 , 2007 , the largest industry concentration was for general medical and surgical hospitals , which accounted for approximately 5% ( 5 % ) of the total letters of credit and bankers 2019 acceptances .at december 31 , 2007 , we pledged $ 1.6 billion of loans to the federal reserve bank ( 201cfrb 201d ) and $ 33.5 billion of loans to the federal home loan bank ( 201cfhlb 201d ) as collateral for the contingent ability to borrow , if necessary .certain directors and executive officers of pnc and its subsidiaries , as well as certain affiliated companies of these directors and officers , were customers of and had loans with subsidiary banks in the ordinary course of business .all such loans were on substantially the same terms , including interest rates and collateral , as those prevailing at the time for comparable transactions with other customers and did not involve more than a normal risk of collectibility or present other unfavorable features .the aggregate principal amounts of these loans were $ 13 million at december 31 , 2007 and $ 18 million at december 31 , 2006 .during 2007 , new loans of $ 48 million were funded and repayments totaled $ 53 million. .
Question: what was the total of commercial commitments net of participations , assignments and syndications , primarily to financial services companies in 2007, in billions?
Steps: Ask for number 8.9
Answer: 8.9
Question: and what was it in 2006, also in billions?
Steps: Ask for number 8.3
Answer: 8.3
Question: what was, then, the change over the year?
Steps: subtract(8.9, 8.3)
Answer: 0.6
Question: and in the last year of that period, what percentage of the consumer unfunded credit commitments did the consumer home equity lines of credit account for?
| convfinqa2145 |
net unfunded credit commitments . december 31 - in millions | 2007 | 2006
commercial | $ 39171 | $ 31009
consumer | 10875 | 10495
commercial real estate | 2734 | 2752
other | 567 | 579
total | $ 53347 | $ 44835 commitments to extend credit represent arrangements to lend funds subject to specified contractual conditions .at december 31 , 2007 , commercial commitments are reported net of $ 8.9 billion of participations , assignments and syndications , primarily to financial services companies .the comparable amount at december 31 , 2006 was $ 8.3 billion .commitments generally have fixed expiration dates , may require payment of a fee , and contain termination clauses in the event the customer 2019s credit quality deteriorates .based on our historical experience , most commitments expire unfunded , and therefore cash requirements are substantially less than the total commitment .consumer home equity lines of credit accounted for 80% ( 80 % ) of consumer unfunded credit commitments .unfunded credit commitments related to market street totaled $ 8.8 billion at december 31 , 2007 and $ 5.6 billion at december 31 , 2006 and are included in the preceding table primarily within the 201ccommercial 201d and 201cconsumer 201d categories .note 24 commitments and guarantees includes information regarding standby letters of credit and bankers 2019 acceptances .at december 31 , 2007 , the largest industry concentration was for general medical and surgical hospitals , which accounted for approximately 5% ( 5 % ) of the total letters of credit and bankers 2019 acceptances .at december 31 , 2007 , we pledged $ 1.6 billion of loans to the federal reserve bank ( 201cfrb 201d ) and $ 33.5 billion of loans to the federal home loan bank ( 201cfhlb 201d ) as collateral for the contingent ability to borrow , if necessary .certain directors and executive officers of pnc and its subsidiaries , as well as certain affiliated companies of these directors and officers , were customers of and had loans with subsidiary banks in the ordinary course of business .all such loans were on substantially the same terms , including interest rates and collateral , as those prevailing at the time for comparable transactions with other customers and did not involve more than a normal risk of collectibility or present other unfavorable features .the aggregate principal amounts of these loans were $ 13 million at december 31 , 2007 and $ 18 million at december 31 , 2006 .during 2007 , new loans of $ 48 million were funded and repayments totaled $ 53 million. .
Question: what was the total of commercial commitments net of participations , assignments and syndications , primarily to financial services companies in 2007, in billions?
Steps: Ask for number 8.9
Answer: 8.9
Question: and what was it in 2006, also in billions?
Steps: Ask for number 8.3
Answer: 8.3
Question: what was, then, the change over the year?
Steps: subtract(8.9, 8.3)
Answer: 0.6
Question: and in the last year of that period, what percentage of the consumer unfunded credit commitments did the consumer home equity lines of credit account for?
Steps: Ask for number 80%
Answer: 0.8
Question: and what were those consumer unfunded credit commitments?
| 10875.0 | 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.
net unfunded credit commitments . december 31 - in millions | 2007 | 2006
commercial | $ 39171 | $ 31009
consumer | 10875 | 10495
commercial real estate | 2734 | 2752
other | 567 | 579
total | $ 53347 | $ 44835 commitments to extend credit represent arrangements to lend funds subject to specified contractual conditions .at december 31 , 2007 , commercial commitments are reported net of $ 8.9 billion of participations , assignments and syndications , primarily to financial services companies .the comparable amount at december 31 , 2006 was $ 8.3 billion .commitments generally have fixed expiration dates , may require payment of a fee , and contain termination clauses in the event the customer 2019s credit quality deteriorates .based on our historical experience , most commitments expire unfunded , and therefore cash requirements are substantially less than the total commitment .consumer home equity lines of credit accounted for 80% ( 80 % ) of consumer unfunded credit commitments .unfunded credit commitments related to market street totaled $ 8.8 billion at december 31 , 2007 and $ 5.6 billion at december 31 , 2006 and are included in the preceding table primarily within the 201ccommercial 201d and 201cconsumer 201d categories .note 24 commitments and guarantees includes information regarding standby letters of credit and bankers 2019 acceptances .at december 31 , 2007 , the largest industry concentration was for general medical and surgical hospitals , which accounted for approximately 5% ( 5 % ) of the total letters of credit and bankers 2019 acceptances .at december 31 , 2007 , we pledged $ 1.6 billion of loans to the federal reserve bank ( 201cfrb 201d ) and $ 33.5 billion of loans to the federal home loan bank ( 201cfhlb 201d ) as collateral for the contingent ability to borrow , if necessary .certain directors and executive officers of pnc and its subsidiaries , as well as certain affiliated companies of these directors and officers , were customers of and had loans with subsidiary banks in the ordinary course of business .all such loans were on substantially the same terms , including interest rates and collateral , as those prevailing at the time for comparable transactions with other customers and did not involve more than a normal risk of collectibility or present other unfavorable features .the aggregate principal amounts of these loans were $ 13 million at december 31 , 2007 and $ 18 million at december 31 , 2006 .during 2007 , new loans of $ 48 million were funded and repayments totaled $ 53 million. .
Question: what was the total of commercial commitments net of participations , assignments and syndications , primarily to financial services companies in 2007, in billions?
Steps: Ask for number 8.9
Answer: 8.9
Question: and what was it in 2006, also in billions?
Steps: Ask for number 8.3
Answer: 8.3
Question: what was, then, the change over the year?
Steps: subtract(8.9, 8.3)
Answer: 0.6
Question: and in the last year of that period, what percentage of the consumer unfunded credit commitments did the consumer home equity lines of credit account for?
Steps: Ask for number 80%
Answer: 0.8
Question: and what were those consumer unfunded credit commitments?
| convfinqa2146 |
net unfunded credit commitments . december 31 - in millions | 2007 | 2006
commercial | $ 39171 | $ 31009
consumer | 10875 | 10495
commercial real estate | 2734 | 2752
other | 567 | 579
total | $ 53347 | $ 44835 commitments to extend credit represent arrangements to lend funds subject to specified contractual conditions .at december 31 , 2007 , commercial commitments are reported net of $ 8.9 billion of participations , assignments and syndications , primarily to financial services companies .the comparable amount at december 31 , 2006 was $ 8.3 billion .commitments generally have fixed expiration dates , may require payment of a fee , and contain termination clauses in the event the customer 2019s credit quality deteriorates .based on our historical experience , most commitments expire unfunded , and therefore cash requirements are substantially less than the total commitment .consumer home equity lines of credit accounted for 80% ( 80 % ) of consumer unfunded credit commitments .unfunded credit commitments related to market street totaled $ 8.8 billion at december 31 , 2007 and $ 5.6 billion at december 31 , 2006 and are included in the preceding table primarily within the 201ccommercial 201d and 201cconsumer 201d categories .note 24 commitments and guarantees includes information regarding standby letters of credit and bankers 2019 acceptances .at december 31 , 2007 , the largest industry concentration was for general medical and surgical hospitals , which accounted for approximately 5% ( 5 % ) of the total letters of credit and bankers 2019 acceptances .at december 31 , 2007 , we pledged $ 1.6 billion of loans to the federal reserve bank ( 201cfrb 201d ) and $ 33.5 billion of loans to the federal home loan bank ( 201cfhlb 201d ) as collateral for the contingent ability to borrow , if necessary .certain directors and executive officers of pnc and its subsidiaries , as well as certain affiliated companies of these directors and officers , were customers of and had loans with subsidiary banks in the ordinary course of business .all such loans were on substantially the same terms , including interest rates and collateral , as those prevailing at the time for comparable transactions with other customers and did not involve more than a normal risk of collectibility or present other unfavorable features .the aggregate principal amounts of these loans were $ 13 million at december 31 , 2007 and $ 18 million at december 31 , 2006 .during 2007 , new loans of $ 48 million were funded and repayments totaled $ 53 million. .
Question: what was the total of commercial commitments net of participations , assignments and syndications , primarily to financial services companies in 2007, in billions?
Steps: Ask for number 8.9
Answer: 8.9
Question: and what was it in 2006, also in billions?
Steps: Ask for number 8.3
Answer: 8.3
Question: what was, then, the change over the year?
Steps: subtract(8.9, 8.3)
Answer: 0.6
Question: and in the last year of that period, what percentage of the consumer unfunded credit commitments did the consumer home equity lines of credit account for?
Steps: Ask for number 80%
Answer: 0.8
Question: and what were those consumer unfunded credit commitments?
Steps: Ask for number 10875
Answer: 10875.0
Question: what was, then, the value of the consumer home equity lines of credit?
| 8700.0 | 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.
net unfunded credit commitments . december 31 - in millions | 2007 | 2006
commercial | $ 39171 | $ 31009
consumer | 10875 | 10495
commercial real estate | 2734 | 2752
other | 567 | 579
total | $ 53347 | $ 44835 commitments to extend credit represent arrangements to lend funds subject to specified contractual conditions .at december 31 , 2007 , commercial commitments are reported net of $ 8.9 billion of participations , assignments and syndications , primarily to financial services companies .the comparable amount at december 31 , 2006 was $ 8.3 billion .commitments generally have fixed expiration dates , may require payment of a fee , and contain termination clauses in the event the customer 2019s credit quality deteriorates .based on our historical experience , most commitments expire unfunded , and therefore cash requirements are substantially less than the total commitment .consumer home equity lines of credit accounted for 80% ( 80 % ) of consumer unfunded credit commitments .unfunded credit commitments related to market street totaled $ 8.8 billion at december 31 , 2007 and $ 5.6 billion at december 31 , 2006 and are included in the preceding table primarily within the 201ccommercial 201d and 201cconsumer 201d categories .note 24 commitments and guarantees includes information regarding standby letters of credit and bankers 2019 acceptances .at december 31 , 2007 , the largest industry concentration was for general medical and surgical hospitals , which accounted for approximately 5% ( 5 % ) of the total letters of credit and bankers 2019 acceptances .at december 31 , 2007 , we pledged $ 1.6 billion of loans to the federal reserve bank ( 201cfrb 201d ) and $ 33.5 billion of loans to the federal home loan bank ( 201cfhlb 201d ) as collateral for the contingent ability to borrow , if necessary .certain directors and executive officers of pnc and its subsidiaries , as well as certain affiliated companies of these directors and officers , were customers of and had loans with subsidiary banks in the ordinary course of business .all such loans were on substantially the same terms , including interest rates and collateral , as those prevailing at the time for comparable transactions with other customers and did not involve more than a normal risk of collectibility or present other unfavorable features .the aggregate principal amounts of these loans were $ 13 million at december 31 , 2007 and $ 18 million at december 31 , 2006 .during 2007 , new loans of $ 48 million were funded and repayments totaled $ 53 million. .
Question: what was the total of commercial commitments net of participations , assignments and syndications , primarily to financial services companies in 2007, in billions?
Steps: Ask for number 8.9
Answer: 8.9
Question: and what was it in 2006, also in billions?
Steps: Ask for number 8.3
Answer: 8.3
Question: what was, then, the change over the year?
Steps: subtract(8.9, 8.3)
Answer: 0.6
Question: and in the last year of that period, what percentage of the consumer unfunded credit commitments did the consumer home equity lines of credit account for?
Steps: Ask for number 80%
Answer: 0.8
Question: and what were those consumer unfunded credit commitments?
Steps: Ask for number 10875
Answer: 10875.0
Question: what was, then, the value of the consumer home equity lines of credit?
| convfinqa2147 |
notes to consolidated financial statements 2013 ( continued ) ( amounts in millions , except per share amounts ) guarantees we have guaranteed certain obligations of our subsidiaries relating principally to operating leases and uncommitted lines of credit of certain subsidiaries .as of december 31 , 2018 and 2017 , the amount of parent company guarantees on lease obligations was $ 824.5 and $ 829.2 , respectively , the amount of parent company guarantees primarily relating to uncommitted lines of credit was $ 349.1 and $ 308.8 , respectively , and the amount of parent company guarantees related to daylight overdrafts , primarily utilized to manage intra-day overdrafts due to timing of transactions under cash pooling arrangements without resulting in incremental borrowings , was $ 207.8 and $ 182.2 , respectively .in the event of non-payment by the applicable subsidiary of the obligations covered by a guarantee , we would be obligated to pay the amounts covered by that guarantee .as of december 31 , 2018 , there were no material assets pledged as security for such parent company guarantees .contingent acquisition obligations the following table details the estimated future contingent acquisition obligations payable in cash as of december 31 . | 2019 | 2020 | 2021 | 2022 | 2023 | thereafter | total
deferred acquisition payments | $ 65.7 | $ 20.0 | $ 23.6 | $ 4.7 | $ 10.2 | $ 2.7 | $ 126.9
redeemable noncontrolling interests and call options with affiliates1 | 30.1 | 30.6 | 42.9 | 5.7 | 3.5 | 2.5 | 115.3
total contingent acquisition payments | $ 95.8 | $ 50.6 | $ 66.5 | $ 10.4 | $ 13.7 | $ 5.2 | $ 242.2 1 we have entered into certain acquisitions that contain both redeemable noncontrolling interests and call options with similar terms and conditions .the estimated amounts listed would be paid in the event of exercise at the earliest exercise date .we have certain redeemable noncontrolling interests that are exercisable at the discretion of the noncontrolling equity owners as of december 31 , 2018 .these estimated payments of $ 24.9 are included within the total payments expected to be made in 2019 , and will continue to be carried forward into 2020 or beyond until exercised or expired .redeemable noncontrolling interests are included in the table at current exercise price payable in cash , not at applicable redemption value , in accordance with the authoritative guidance for classification and measurement of redeemable securities .the majority of these payments are contingent upon achieving projected operating performance targets and satisfying other conditions specified in the related agreements and are subject to revision in accordance with the terms of the respective agreements .see note 5 for further information relating to the payment structure of our acquisitions .legal matters we are involved in various legal proceedings , and subject to investigations , inspections , audits , inquiries and similar actions by governmental authorities arising in the normal course of business .the types of allegations that arise in connection with such legal proceedings vary in nature , but can include claims related to contract , employment , tax and intellectual property matters .we evaluate all cases each reporting period and record liabilities for losses from legal proceedings when we determine that it is probable that the outcome in a legal proceeding will be unfavorable and the amount , or potential range , of loss can be reasonably estimated .in certain cases , we cannot reasonably estimate the potential loss because , for example , the litigation is in its early stages .while any outcome related to litigation or such governmental proceedings in which we are involved cannot be predicted with certainty , management believes that the outcome of these matters , individually and in the aggregate , will not have a material adverse effect on our financial condition , results of operations or cash flows .as previously disclosed , on april 10 , 2015 , a federal judge in brazil authorized the search of the records of an agency 2019s offices in s e3o paulo and brasilia , in connection with an ongoing investigation by brazilian authorities involving payments potentially connected to local government contracts .the company had previously investigated the matter and taken a number of remedial and disciplinary actions .the company has been in the process of concluding a settlement related to these matters with government agencies , and that settlement was fully executed in april 2018 .the company has previously provided for such settlement in its consolidated financial statements. .
Question: what is the value of deferred acquisition payments in 2019?
| 65.7 | 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 2013 ( continued ) ( amounts in millions , except per share amounts ) guarantees we have guaranteed certain obligations of our subsidiaries relating principally to operating leases and uncommitted lines of credit of certain subsidiaries .as of december 31 , 2018 and 2017 , the amount of parent company guarantees on lease obligations was $ 824.5 and $ 829.2 , respectively , the amount of parent company guarantees primarily relating to uncommitted lines of credit was $ 349.1 and $ 308.8 , respectively , and the amount of parent company guarantees related to daylight overdrafts , primarily utilized to manage intra-day overdrafts due to timing of transactions under cash pooling arrangements without resulting in incremental borrowings , was $ 207.8 and $ 182.2 , respectively .in the event of non-payment by the applicable subsidiary of the obligations covered by a guarantee , we would be obligated to pay the amounts covered by that guarantee .as of december 31 , 2018 , there were no material assets pledged as security for such parent company guarantees .contingent acquisition obligations the following table details the estimated future contingent acquisition obligations payable in cash as of december 31 . | 2019 | 2020 | 2021 | 2022 | 2023 | thereafter | total
deferred acquisition payments | $ 65.7 | $ 20.0 | $ 23.6 | $ 4.7 | $ 10.2 | $ 2.7 | $ 126.9
redeemable noncontrolling interests and call options with affiliates1 | 30.1 | 30.6 | 42.9 | 5.7 | 3.5 | 2.5 | 115.3
total contingent acquisition payments | $ 95.8 | $ 50.6 | $ 66.5 | $ 10.4 | $ 13.7 | $ 5.2 | $ 242.2 1 we have entered into certain acquisitions that contain both redeemable noncontrolling interests and call options with similar terms and conditions .the estimated amounts listed would be paid in the event of exercise at the earliest exercise date .we have certain redeemable noncontrolling interests that are exercisable at the discretion of the noncontrolling equity owners as of december 31 , 2018 .these estimated payments of $ 24.9 are included within the total payments expected to be made in 2019 , and will continue to be carried forward into 2020 or beyond until exercised or expired .redeemable noncontrolling interests are included in the table at current exercise price payable in cash , not at applicable redemption value , in accordance with the authoritative guidance for classification and measurement of redeemable securities .the majority of these payments are contingent upon achieving projected operating performance targets and satisfying other conditions specified in the related agreements and are subject to revision in accordance with the terms of the respective agreements .see note 5 for further information relating to the payment structure of our acquisitions .legal matters we are involved in various legal proceedings , and subject to investigations , inspections , audits , inquiries and similar actions by governmental authorities arising in the normal course of business .the types of allegations that arise in connection with such legal proceedings vary in nature , but can include claims related to contract , employment , tax and intellectual property matters .we evaluate all cases each reporting period and record liabilities for losses from legal proceedings when we determine that it is probable that the outcome in a legal proceeding will be unfavorable and the amount , or potential range , of loss can be reasonably estimated .in certain cases , we cannot reasonably estimate the potential loss because , for example , the litigation is in its early stages .while any outcome related to litigation or such governmental proceedings in which we are involved cannot be predicted with certainty , management believes that the outcome of these matters , individually and in the aggregate , will not have a material adverse effect on our financial condition , results of operations or cash flows .as previously disclosed , on april 10 , 2015 , a federal judge in brazil authorized the search of the records of an agency 2019s offices in s e3o paulo and brasilia , in connection with an ongoing investigation by brazilian authorities involving payments potentially connected to local government contracts .the company had previously investigated the matter and taken a number of remedial and disciplinary actions .the company has been in the process of concluding a settlement related to these matters with government agencies , and that settlement was fully executed in april 2018 .the company has previously provided for such settlement in its consolidated financial statements. .
Question: what is the value of deferred acquisition payments in 2019?
| convfinqa2148 |
notes to consolidated financial statements 2013 ( continued ) ( amounts in millions , except per share amounts ) guarantees we have guaranteed certain obligations of our subsidiaries relating principally to operating leases and uncommitted lines of credit of certain subsidiaries .as of december 31 , 2018 and 2017 , the amount of parent company guarantees on lease obligations was $ 824.5 and $ 829.2 , respectively , the amount of parent company guarantees primarily relating to uncommitted lines of credit was $ 349.1 and $ 308.8 , respectively , and the amount of parent company guarantees related to daylight overdrafts , primarily utilized to manage intra-day overdrafts due to timing of transactions under cash pooling arrangements without resulting in incremental borrowings , was $ 207.8 and $ 182.2 , respectively .in the event of non-payment by the applicable subsidiary of the obligations covered by a guarantee , we would be obligated to pay the amounts covered by that guarantee .as of december 31 , 2018 , there were no material assets pledged as security for such parent company guarantees .contingent acquisition obligations the following table details the estimated future contingent acquisition obligations payable in cash as of december 31 . | 2019 | 2020 | 2021 | 2022 | 2023 | thereafter | total
deferred acquisition payments | $ 65.7 | $ 20.0 | $ 23.6 | $ 4.7 | $ 10.2 | $ 2.7 | $ 126.9
redeemable noncontrolling interests and call options with affiliates1 | 30.1 | 30.6 | 42.9 | 5.7 | 3.5 | 2.5 | 115.3
total contingent acquisition payments | $ 95.8 | $ 50.6 | $ 66.5 | $ 10.4 | $ 13.7 | $ 5.2 | $ 242.2 1 we have entered into certain acquisitions that contain both redeemable noncontrolling interests and call options with similar terms and conditions .the estimated amounts listed would be paid in the event of exercise at the earliest exercise date .we have certain redeemable noncontrolling interests that are exercisable at the discretion of the noncontrolling equity owners as of december 31 , 2018 .these estimated payments of $ 24.9 are included within the total payments expected to be made in 2019 , and will continue to be carried forward into 2020 or beyond until exercised or expired .redeemable noncontrolling interests are included in the table at current exercise price payable in cash , not at applicable redemption value , in accordance with the authoritative guidance for classification and measurement of redeemable securities .the majority of these payments are contingent upon achieving projected operating performance targets and satisfying other conditions specified in the related agreements and are subject to revision in accordance with the terms of the respective agreements .see note 5 for further information relating to the payment structure of our acquisitions .legal matters we are involved in various legal proceedings , and subject to investigations , inspections , audits , inquiries and similar actions by governmental authorities arising in the normal course of business .the types of allegations that arise in connection with such legal proceedings vary in nature , but can include claims related to contract , employment , tax and intellectual property matters .we evaluate all cases each reporting period and record liabilities for losses from legal proceedings when we determine that it is probable that the outcome in a legal proceeding will be unfavorable and the amount , or potential range , of loss can be reasonably estimated .in certain cases , we cannot reasonably estimate the potential loss because , for example , the litigation is in its early stages .while any outcome related to litigation or such governmental proceedings in which we are involved cannot be predicted with certainty , management believes that the outcome of these matters , individually and in the aggregate , will not have a material adverse effect on our financial condition , results of operations or cash flows .as previously disclosed , on april 10 , 2015 , a federal judge in brazil authorized the search of the records of an agency 2019s offices in s e3o paulo and brasilia , in connection with an ongoing investigation by brazilian authorities involving payments potentially connected to local government contracts .the company had previously investigated the matter and taken a number of remedial and disciplinary actions .the company has been in the process of concluding a settlement related to these matters with government agencies , and that settlement was fully executed in april 2018 .the company has previously provided for such settlement in its consolidated financial statements. .
Question: what is the value of deferred acquisition payments in 2019?
Steps: Ask for number 65.7
Answer: 65.7
Question: what is the total value of deferred acquisition payments?
| 126.9 | 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.
notes to consolidated financial statements 2013 ( continued ) ( amounts in millions , except per share amounts ) guarantees we have guaranteed certain obligations of our subsidiaries relating principally to operating leases and uncommitted lines of credit of certain subsidiaries .as of december 31 , 2018 and 2017 , the amount of parent company guarantees on lease obligations was $ 824.5 and $ 829.2 , respectively , the amount of parent company guarantees primarily relating to uncommitted lines of credit was $ 349.1 and $ 308.8 , respectively , and the amount of parent company guarantees related to daylight overdrafts , primarily utilized to manage intra-day overdrafts due to timing of transactions under cash pooling arrangements without resulting in incremental borrowings , was $ 207.8 and $ 182.2 , respectively .in the event of non-payment by the applicable subsidiary of the obligations covered by a guarantee , we would be obligated to pay the amounts covered by that guarantee .as of december 31 , 2018 , there were no material assets pledged as security for such parent company guarantees .contingent acquisition obligations the following table details the estimated future contingent acquisition obligations payable in cash as of december 31 . | 2019 | 2020 | 2021 | 2022 | 2023 | thereafter | total
deferred acquisition payments | $ 65.7 | $ 20.0 | $ 23.6 | $ 4.7 | $ 10.2 | $ 2.7 | $ 126.9
redeemable noncontrolling interests and call options with affiliates1 | 30.1 | 30.6 | 42.9 | 5.7 | 3.5 | 2.5 | 115.3
total contingent acquisition payments | $ 95.8 | $ 50.6 | $ 66.5 | $ 10.4 | $ 13.7 | $ 5.2 | $ 242.2 1 we have entered into certain acquisitions that contain both redeemable noncontrolling interests and call options with similar terms and conditions .the estimated amounts listed would be paid in the event of exercise at the earliest exercise date .we have certain redeemable noncontrolling interests that are exercisable at the discretion of the noncontrolling equity owners as of december 31 , 2018 .these estimated payments of $ 24.9 are included within the total payments expected to be made in 2019 , and will continue to be carried forward into 2020 or beyond until exercised or expired .redeemable noncontrolling interests are included in the table at current exercise price payable in cash , not at applicable redemption value , in accordance with the authoritative guidance for classification and measurement of redeemable securities .the majority of these payments are contingent upon achieving projected operating performance targets and satisfying other conditions specified in the related agreements and are subject to revision in accordance with the terms of the respective agreements .see note 5 for further information relating to the payment structure of our acquisitions .legal matters we are involved in various legal proceedings , and subject to investigations , inspections , audits , inquiries and similar actions by governmental authorities arising in the normal course of business .the types of allegations that arise in connection with such legal proceedings vary in nature , but can include claims related to contract , employment , tax and intellectual property matters .we evaluate all cases each reporting period and record liabilities for losses from legal proceedings when we determine that it is probable that the outcome in a legal proceeding will be unfavorable and the amount , or potential range , of loss can be reasonably estimated .in certain cases , we cannot reasonably estimate the potential loss because , for example , the litigation is in its early stages .while any outcome related to litigation or such governmental proceedings in which we are involved cannot be predicted with certainty , management believes that the outcome of these matters , individually and in the aggregate , will not have a material adverse effect on our financial condition , results of operations or cash flows .as previously disclosed , on april 10 , 2015 , a federal judge in brazil authorized the search of the records of an agency 2019s offices in s e3o paulo and brasilia , in connection with an ongoing investigation by brazilian authorities involving payments potentially connected to local government contracts .the company had previously investigated the matter and taken a number of remedial and disciplinary actions .the company has been in the process of concluding a settlement related to these matters with government agencies , and that settlement was fully executed in april 2018 .the company has previously provided for such settlement in its consolidated financial statements. .
Question: what is the value of deferred acquisition payments in 2019?
Steps: Ask for number 65.7
Answer: 65.7
Question: what is the total value of deferred acquisition payments?
| convfinqa2149 |
notes to consolidated financial statements 2013 ( continued ) ( amounts in millions , except per share amounts ) guarantees we have guaranteed certain obligations of our subsidiaries relating principally to operating leases and uncommitted lines of credit of certain subsidiaries .as of december 31 , 2018 and 2017 , the amount of parent company guarantees on lease obligations was $ 824.5 and $ 829.2 , respectively , the amount of parent company guarantees primarily relating to uncommitted lines of credit was $ 349.1 and $ 308.8 , respectively , and the amount of parent company guarantees related to daylight overdrafts , primarily utilized to manage intra-day overdrafts due to timing of transactions under cash pooling arrangements without resulting in incremental borrowings , was $ 207.8 and $ 182.2 , respectively .in the event of non-payment by the applicable subsidiary of the obligations covered by a guarantee , we would be obligated to pay the amounts covered by that guarantee .as of december 31 , 2018 , there were no material assets pledged as security for such parent company guarantees .contingent acquisition obligations the following table details the estimated future contingent acquisition obligations payable in cash as of december 31 . | 2019 | 2020 | 2021 | 2022 | 2023 | thereafter | total
deferred acquisition payments | $ 65.7 | $ 20.0 | $ 23.6 | $ 4.7 | $ 10.2 | $ 2.7 | $ 126.9
redeemable noncontrolling interests and call options with affiliates1 | 30.1 | 30.6 | 42.9 | 5.7 | 3.5 | 2.5 | 115.3
total contingent acquisition payments | $ 95.8 | $ 50.6 | $ 66.5 | $ 10.4 | $ 13.7 | $ 5.2 | $ 242.2 1 we have entered into certain acquisitions that contain both redeemable noncontrolling interests and call options with similar terms and conditions .the estimated amounts listed would be paid in the event of exercise at the earliest exercise date .we have certain redeemable noncontrolling interests that are exercisable at the discretion of the noncontrolling equity owners as of december 31 , 2018 .these estimated payments of $ 24.9 are included within the total payments expected to be made in 2019 , and will continue to be carried forward into 2020 or beyond until exercised or expired .redeemable noncontrolling interests are included in the table at current exercise price payable in cash , not at applicable redemption value , in accordance with the authoritative guidance for classification and measurement of redeemable securities .the majority of these payments are contingent upon achieving projected operating performance targets and satisfying other conditions specified in the related agreements and are subject to revision in accordance with the terms of the respective agreements .see note 5 for further information relating to the payment structure of our acquisitions .legal matters we are involved in various legal proceedings , and subject to investigations , inspections , audits , inquiries and similar actions by governmental authorities arising in the normal course of business .the types of allegations that arise in connection with such legal proceedings vary in nature , but can include claims related to contract , employment , tax and intellectual property matters .we evaluate all cases each reporting period and record liabilities for losses from legal proceedings when we determine that it is probable that the outcome in a legal proceeding will be unfavorable and the amount , or potential range , of loss can be reasonably estimated .in certain cases , we cannot reasonably estimate the potential loss because , for example , the litigation is in its early stages .while any outcome related to litigation or such governmental proceedings in which we are involved cannot be predicted with certainty , management believes that the outcome of these matters , individually and in the aggregate , will not have a material adverse effect on our financial condition , results of operations or cash flows .as previously disclosed , on april 10 , 2015 , a federal judge in brazil authorized the search of the records of an agency 2019s offices in s e3o paulo and brasilia , in connection with an ongoing investigation by brazilian authorities involving payments potentially connected to local government contracts .the company had previously investigated the matter and taken a number of remedial and disciplinary actions .the company has been in the process of concluding a settlement related to these matters with government agencies , and that settlement was fully executed in april 2018 .the company has previously provided for such settlement in its consolidated financial statements. .
Question: what is the value of deferred acquisition payments in 2019?
Steps: Ask for number 65.7
Answer: 65.7
Question: what is the total value of deferred acquisition payments?
Steps: Ask for number 126.9
Answer: 126.9
Question: what fraction is due in 2019?
| 0.51773 | 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 2013 ( continued ) ( amounts in millions , except per share amounts ) guarantees we have guaranteed certain obligations of our subsidiaries relating principally to operating leases and uncommitted lines of credit of certain subsidiaries .as of december 31 , 2018 and 2017 , the amount of parent company guarantees on lease obligations was $ 824.5 and $ 829.2 , respectively , the amount of parent company guarantees primarily relating to uncommitted lines of credit was $ 349.1 and $ 308.8 , respectively , and the amount of parent company guarantees related to daylight overdrafts , primarily utilized to manage intra-day overdrafts due to timing of transactions under cash pooling arrangements without resulting in incremental borrowings , was $ 207.8 and $ 182.2 , respectively .in the event of non-payment by the applicable subsidiary of the obligations covered by a guarantee , we would be obligated to pay the amounts covered by that guarantee .as of december 31 , 2018 , there were no material assets pledged as security for such parent company guarantees .contingent acquisition obligations the following table details the estimated future contingent acquisition obligations payable in cash as of december 31 . | 2019 | 2020 | 2021 | 2022 | 2023 | thereafter | total
deferred acquisition payments | $ 65.7 | $ 20.0 | $ 23.6 | $ 4.7 | $ 10.2 | $ 2.7 | $ 126.9
redeemable noncontrolling interests and call options with affiliates1 | 30.1 | 30.6 | 42.9 | 5.7 | 3.5 | 2.5 | 115.3
total contingent acquisition payments | $ 95.8 | $ 50.6 | $ 66.5 | $ 10.4 | $ 13.7 | $ 5.2 | $ 242.2 1 we have entered into certain acquisitions that contain both redeemable noncontrolling interests and call options with similar terms and conditions .the estimated amounts listed would be paid in the event of exercise at the earliest exercise date .we have certain redeemable noncontrolling interests that are exercisable at the discretion of the noncontrolling equity owners as of december 31 , 2018 .these estimated payments of $ 24.9 are included within the total payments expected to be made in 2019 , and will continue to be carried forward into 2020 or beyond until exercised or expired .redeemable noncontrolling interests are included in the table at current exercise price payable in cash , not at applicable redemption value , in accordance with the authoritative guidance for classification and measurement of redeemable securities .the majority of these payments are contingent upon achieving projected operating performance targets and satisfying other conditions specified in the related agreements and are subject to revision in accordance with the terms of the respective agreements .see note 5 for further information relating to the payment structure of our acquisitions .legal matters we are involved in various legal proceedings , and subject to investigations , inspections , audits , inquiries and similar actions by governmental authorities arising in the normal course of business .the types of allegations that arise in connection with such legal proceedings vary in nature , but can include claims related to contract , employment , tax and intellectual property matters .we evaluate all cases each reporting period and record liabilities for losses from legal proceedings when we determine that it is probable that the outcome in a legal proceeding will be unfavorable and the amount , or potential range , of loss can be reasonably estimated .in certain cases , we cannot reasonably estimate the potential loss because , for example , the litigation is in its early stages .while any outcome related to litigation or such governmental proceedings in which we are involved cannot be predicted with certainty , management believes that the outcome of these matters , individually and in the aggregate , will not have a material adverse effect on our financial condition , results of operations or cash flows .as previously disclosed , on april 10 , 2015 , a federal judge in brazil authorized the search of the records of an agency 2019s offices in s e3o paulo and brasilia , in connection with an ongoing investigation by brazilian authorities involving payments potentially connected to local government contracts .the company had previously investigated the matter and taken a number of remedial and disciplinary actions .the company has been in the process of concluding a settlement related to these matters with government agencies , and that settlement was fully executed in april 2018 .the company has previously provided for such settlement in its consolidated financial statements. .
Question: what is the value of deferred acquisition payments in 2019?
Steps: Ask for number 65.7
Answer: 65.7
Question: what is the total value of deferred acquisition payments?
Steps: Ask for number 126.9
Answer: 126.9
Question: what fraction is due in 2019?
| convfinqa2150 |
notes to consolidated financial statements 2013 ( continued ) ( amounts in millions , except per share amounts ) guarantees we have guaranteed certain obligations of our subsidiaries relating principally to operating leases and uncommitted lines of credit of certain subsidiaries .as of december 31 , 2018 and 2017 , the amount of parent company guarantees on lease obligations was $ 824.5 and $ 829.2 , respectively , the amount of parent company guarantees primarily relating to uncommitted lines of credit was $ 349.1 and $ 308.8 , respectively , and the amount of parent company guarantees related to daylight overdrafts , primarily utilized to manage intra-day overdrafts due to timing of transactions under cash pooling arrangements without resulting in incremental borrowings , was $ 207.8 and $ 182.2 , respectively .in the event of non-payment by the applicable subsidiary of the obligations covered by a guarantee , we would be obligated to pay the amounts covered by that guarantee .as of december 31 , 2018 , there were no material assets pledged as security for such parent company guarantees .contingent acquisition obligations the following table details the estimated future contingent acquisition obligations payable in cash as of december 31 . | 2019 | 2020 | 2021 | 2022 | 2023 | thereafter | total
deferred acquisition payments | $ 65.7 | $ 20.0 | $ 23.6 | $ 4.7 | $ 10.2 | $ 2.7 | $ 126.9
redeemable noncontrolling interests and call options with affiliates1 | 30.1 | 30.6 | 42.9 | 5.7 | 3.5 | 2.5 | 115.3
total contingent acquisition payments | $ 95.8 | $ 50.6 | $ 66.5 | $ 10.4 | $ 13.7 | $ 5.2 | $ 242.2 1 we have entered into certain acquisitions that contain both redeemable noncontrolling interests and call options with similar terms and conditions .the estimated amounts listed would be paid in the event of exercise at the earliest exercise date .we have certain redeemable noncontrolling interests that are exercisable at the discretion of the noncontrolling equity owners as of december 31 , 2018 .these estimated payments of $ 24.9 are included within the total payments expected to be made in 2019 , and will continue to be carried forward into 2020 or beyond until exercised or expired .redeemable noncontrolling interests are included in the table at current exercise price payable in cash , not at applicable redemption value , in accordance with the authoritative guidance for classification and measurement of redeemable securities .the majority of these payments are contingent upon achieving projected operating performance targets and satisfying other conditions specified in the related agreements and are subject to revision in accordance with the terms of the respective agreements .see note 5 for further information relating to the payment structure of our acquisitions .legal matters we are involved in various legal proceedings , and subject to investigations , inspections , audits , inquiries and similar actions by governmental authorities arising in the normal course of business .the types of allegations that arise in connection with such legal proceedings vary in nature , but can include claims related to contract , employment , tax and intellectual property matters .we evaluate all cases each reporting period and record liabilities for losses from legal proceedings when we determine that it is probable that the outcome in a legal proceeding will be unfavorable and the amount , or potential range , of loss can be reasonably estimated .in certain cases , we cannot reasonably estimate the potential loss because , for example , the litigation is in its early stages .while any outcome related to litigation or such governmental proceedings in which we are involved cannot be predicted with certainty , management believes that the outcome of these matters , individually and in the aggregate , will not have a material adverse effect on our financial condition , results of operations or cash flows .as previously disclosed , on april 10 , 2015 , a federal judge in brazil authorized the search of the records of an agency 2019s offices in s e3o paulo and brasilia , in connection with an ongoing investigation by brazilian authorities involving payments potentially connected to local government contracts .the company had previously investigated the matter and taken a number of remedial and disciplinary actions .the company has been in the process of concluding a settlement related to these matters with government agencies , and that settlement was fully executed in april 2018 .the company has previously provided for such settlement in its consolidated financial statements. .
Question: what is the value of deferred acquisition payments in 2019?
Steps: Ask for number 65.7
Answer: 65.7
Question: what is the total value of deferred acquisition payments?
Steps: Ask for number 126.9
Answer: 126.9
Question: what fraction is due in 2019?
Steps: divide(65.7, 126.9)
Answer: 0.51773
Question: what percentage does this represent?
| 51.77305 | 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 2013 ( continued ) ( amounts in millions , except per share amounts ) guarantees we have guaranteed certain obligations of our subsidiaries relating principally to operating leases and uncommitted lines of credit of certain subsidiaries .as of december 31 , 2018 and 2017 , the amount of parent company guarantees on lease obligations was $ 824.5 and $ 829.2 , respectively , the amount of parent company guarantees primarily relating to uncommitted lines of credit was $ 349.1 and $ 308.8 , respectively , and the amount of parent company guarantees related to daylight overdrafts , primarily utilized to manage intra-day overdrafts due to timing of transactions under cash pooling arrangements without resulting in incremental borrowings , was $ 207.8 and $ 182.2 , respectively .in the event of non-payment by the applicable subsidiary of the obligations covered by a guarantee , we would be obligated to pay the amounts covered by that guarantee .as of december 31 , 2018 , there were no material assets pledged as security for such parent company guarantees .contingent acquisition obligations the following table details the estimated future contingent acquisition obligations payable in cash as of december 31 . | 2019 | 2020 | 2021 | 2022 | 2023 | thereafter | total
deferred acquisition payments | $ 65.7 | $ 20.0 | $ 23.6 | $ 4.7 | $ 10.2 | $ 2.7 | $ 126.9
redeemable noncontrolling interests and call options with affiliates1 | 30.1 | 30.6 | 42.9 | 5.7 | 3.5 | 2.5 | 115.3
total contingent acquisition payments | $ 95.8 | $ 50.6 | $ 66.5 | $ 10.4 | $ 13.7 | $ 5.2 | $ 242.2 1 we have entered into certain acquisitions that contain both redeemable noncontrolling interests and call options with similar terms and conditions .the estimated amounts listed would be paid in the event of exercise at the earliest exercise date .we have certain redeemable noncontrolling interests that are exercisable at the discretion of the noncontrolling equity owners as of december 31 , 2018 .these estimated payments of $ 24.9 are included within the total payments expected to be made in 2019 , and will continue to be carried forward into 2020 or beyond until exercised or expired .redeemable noncontrolling interests are included in the table at current exercise price payable in cash , not at applicable redemption value , in accordance with the authoritative guidance for classification and measurement of redeemable securities .the majority of these payments are contingent upon achieving projected operating performance targets and satisfying other conditions specified in the related agreements and are subject to revision in accordance with the terms of the respective agreements .see note 5 for further information relating to the payment structure of our acquisitions .legal matters we are involved in various legal proceedings , and subject to investigations , inspections , audits , inquiries and similar actions by governmental authorities arising in the normal course of business .the types of allegations that arise in connection with such legal proceedings vary in nature , but can include claims related to contract , employment , tax and intellectual property matters .we evaluate all cases each reporting period and record liabilities for losses from legal proceedings when we determine that it is probable that the outcome in a legal proceeding will be unfavorable and the amount , or potential range , of loss can be reasonably estimated .in certain cases , we cannot reasonably estimate the potential loss because , for example , the litigation is in its early stages .while any outcome related to litigation or such governmental proceedings in which we are involved cannot be predicted with certainty , management believes that the outcome of these matters , individually and in the aggregate , will not have a material adverse effect on our financial condition , results of operations or cash flows .as previously disclosed , on april 10 , 2015 , a federal judge in brazil authorized the search of the records of an agency 2019s offices in s e3o paulo and brasilia , in connection with an ongoing investigation by brazilian authorities involving payments potentially connected to local government contracts .the company had previously investigated the matter and taken a number of remedial and disciplinary actions .the company has been in the process of concluding a settlement related to these matters with government agencies , and that settlement was fully executed in april 2018 .the company has previously provided for such settlement in its consolidated financial statements. .
Question: what is the value of deferred acquisition payments in 2019?
Steps: Ask for number 65.7
Answer: 65.7
Question: what is the total value of deferred acquisition payments?
Steps: Ask for number 126.9
Answer: 126.9
Question: what fraction is due in 2019?
Steps: divide(65.7, 126.9)
Answer: 0.51773
Question: what percentage does this represent?
| convfinqa2151 |
note 9 .retirement plan we maintain a defined contribution pension plan covering full-time shoreside employees who have completed the minimum period of continuous service .annual contributions to the plan are based on fixed percentages of participants 2019 salaries and years of service , not to exceed certain maximums .pension cost was $ 13.9 million , $ 12.8 million and $ 12.2 million for the years ended december 31 , 2006 , 2005 and 2004 , respectively .note 10 .income taxes we and the majority of our subsidiaries are currently exempt from united states corporate tax on income from the international opera- tion of ships pursuant to section 883 of the internal revenue code .income tax expense related to our remaining subsidiaries was not significant for the years ended december 31 , 2006 , 2005 and 2004 .final regulations under section 883 were published on august 26 , 2003 , and were effective for the year ended december 31 , 2005 .these regulations confirmed that we qualify for the exemption provid- ed by section 883 , but also narrowed the scope of activities which are considered by the internal revenue service to be incidental to the international operation of ships .the activities listed in the regula- tions as not being incidental to the international operation of ships include income from the sale of air and other transportation such as transfers , shore excursions and pre and post cruise tours .to the extent the income from such activities is earned from sources within the united states , such income will be subject to united states taxa- tion .the application of these new regulations reduced our net income for the years ended december 31 , 2006 and december 31 , 2005 by approximately $ 6.3 million and $ 14.0 million , respectively .note 11 .financial instruments the estimated fair values of our financial instruments are as follows ( in thousands ) : . | 2006 | 2005
cash and cash equivalents | $ 104520 | $ 125385
long-term debt ( including current portion of long-term debt ) | -5474988 ( 5474988 ) | -4368874 ( 4368874 )
foreign currency forward contracts in a net ( loss ) gain position | 104159 | -115415 ( 115415 )
interest rate swap agreements in a net receivable position | 5856 | 8456
fuel swap agreements in a net payable position | -20456 ( 20456 ) | -78 ( 78 ) long-term debt ( including current portion of long-term debt ) ( 5474988 ) ( 4368874 ) foreign currency forward contracts in a net ( loss ) gain position 104159 ( 115415 ) interest rate swap agreements in a net receivable position 5856 8456 fuel swap agreements in a net payable position ( 20456 ) ( 78 ) the reported fair values are based on a variety of factors and assumptions .accordingly , the fair values may not represent actual values of the financial instruments that could have been realized as of december 31 , 2006 or 2005 , or that will be realized in the future and do not include expenses that could be incurred in an actual sale or settlement .our financial instruments are not held for trading or speculative purposes .our exposure under foreign currency contracts , interest rate and fuel swap agreements is limited to the cost of replacing the contracts in the event of non-performance by the counterparties to the contracts , all of which are currently our lending banks .to minimize this risk , we select counterparties with credit risks acceptable to us and we limit our exposure to an individual counterparty .furthermore , all foreign currency forward contracts are denominated in primary currencies .cash and cash equivalents the carrying amounts of cash and cash equivalents approximate their fair values due to the short maturity of these instruments .long-term debt the fair values of our senior notes and senior debentures were esti- mated by obtaining quoted market prices .the fair values of all other debt were estimated using discounted cash flow analyses based on market rates available to us for similar debt with the same remaining maturities .foreign currency contracts the fair values of our foreign currency forward contracts were esti- mated using current market prices for similar instruments .our expo- sure to market risk for fluctuations in foreign currency exchange rates relates to six ship construction contracts and forecasted transactions .we use foreign currency forward contracts to mitigate the impact of fluctuations in foreign currency exchange rates .as of december 31 , 2006 , we had foreign currency forward contracts in a notional amount of $ 3.8 billion maturing through 2009 .as of december 31 , 2006 , the fair value of our foreign currency forward contracts related to the six ship construction contracts , which are designated as fair value hedges , was a net unrealized gain of approximately $ 106.3 mil- lion .at december 31 , 2005 , the fair value of our foreign currency for- ward contracts related to three ship construction contracts , designated as fair value hedges , was a net unrealized loss of approx- imately $ 103.4 million .the fair value of our foreign currency forward contracts related to the other ship construction contract at december 31 , 2005 , which was designated as a cash flow hedge , was an unre- alized loss , of approximately $ 7.8 million .at december 31 , 2006 , approximately 11% ( 11 % ) of the aggregate cost of the ships was exposed to fluctuations in the euro exchange rate .r o y a l c a r i b b e a n c r u i s e s l t d .3 5 notes to the consolidated financial statements ( continued ) 51392_financials-v9.qxp 6/7/07 3:40 pm page 35 .
Question: what was the change in the annual pension costs from 2005 to 2006?
| 1.7 | 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.
note 9 .retirement plan we maintain a defined contribution pension plan covering full-time shoreside employees who have completed the minimum period of continuous service .annual contributions to the plan are based on fixed percentages of participants 2019 salaries and years of service , not to exceed certain maximums .pension cost was $ 13.9 million , $ 12.8 million and $ 12.2 million for the years ended december 31 , 2006 , 2005 and 2004 , respectively .note 10 .income taxes we and the majority of our subsidiaries are currently exempt from united states corporate tax on income from the international opera- tion of ships pursuant to section 883 of the internal revenue code .income tax expense related to our remaining subsidiaries was not significant for the years ended december 31 , 2006 , 2005 and 2004 .final regulations under section 883 were published on august 26 , 2003 , and were effective for the year ended december 31 , 2005 .these regulations confirmed that we qualify for the exemption provid- ed by section 883 , but also narrowed the scope of activities which are considered by the internal revenue service to be incidental to the international operation of ships .the activities listed in the regula- tions as not being incidental to the international operation of ships include income from the sale of air and other transportation such as transfers , shore excursions and pre and post cruise tours .to the extent the income from such activities is earned from sources within the united states , such income will be subject to united states taxa- tion .the application of these new regulations reduced our net income for the years ended december 31 , 2006 and december 31 , 2005 by approximately $ 6.3 million and $ 14.0 million , respectively .note 11 .financial instruments the estimated fair values of our financial instruments are as follows ( in thousands ) : . | 2006 | 2005
cash and cash equivalents | $ 104520 | $ 125385
long-term debt ( including current portion of long-term debt ) | -5474988 ( 5474988 ) | -4368874 ( 4368874 )
foreign currency forward contracts in a net ( loss ) gain position | 104159 | -115415 ( 115415 )
interest rate swap agreements in a net receivable position | 5856 | 8456
fuel swap agreements in a net payable position | -20456 ( 20456 ) | -78 ( 78 ) long-term debt ( including current portion of long-term debt ) ( 5474988 ) ( 4368874 ) foreign currency forward contracts in a net ( loss ) gain position 104159 ( 115415 ) interest rate swap agreements in a net receivable position 5856 8456 fuel swap agreements in a net payable position ( 20456 ) ( 78 ) the reported fair values are based on a variety of factors and assumptions .accordingly , the fair values may not represent actual values of the financial instruments that could have been realized as of december 31 , 2006 or 2005 , or that will be realized in the future and do not include expenses that could be incurred in an actual sale or settlement .our financial instruments are not held for trading or speculative purposes .our exposure under foreign currency contracts , interest rate and fuel swap agreements is limited to the cost of replacing the contracts in the event of non-performance by the counterparties to the contracts , all of which are currently our lending banks .to minimize this risk , we select counterparties with credit risks acceptable to us and we limit our exposure to an individual counterparty .furthermore , all foreign currency forward contracts are denominated in primary currencies .cash and cash equivalents the carrying amounts of cash and cash equivalents approximate their fair values due to the short maturity of these instruments .long-term debt the fair values of our senior notes and senior debentures were esti- mated by obtaining quoted market prices .the fair values of all other debt were estimated using discounted cash flow analyses based on market rates available to us for similar debt with the same remaining maturities .foreign currency contracts the fair values of our foreign currency forward contracts were esti- mated using current market prices for similar instruments .our expo- sure to market risk for fluctuations in foreign currency exchange rates relates to six ship construction contracts and forecasted transactions .we use foreign currency forward contracts to mitigate the impact of fluctuations in foreign currency exchange rates .as of december 31 , 2006 , we had foreign currency forward contracts in a notional amount of $ 3.8 billion maturing through 2009 .as of december 31 , 2006 , the fair value of our foreign currency forward contracts related to the six ship construction contracts , which are designated as fair value hedges , was a net unrealized gain of approximately $ 106.3 mil- lion .at december 31 , 2005 , the fair value of our foreign currency for- ward contracts related to three ship construction contracts , designated as fair value hedges , was a net unrealized loss of approx- imately $ 103.4 million .the fair value of our foreign currency forward contracts related to the other ship construction contract at december 31 , 2005 , which was designated as a cash flow hedge , was an unre- alized loss , of approximately $ 7.8 million .at december 31 , 2006 , approximately 11% ( 11 % ) of the aggregate cost of the ships was exposed to fluctuations in the euro exchange rate .r o y a l c a r i b b e a n c r u i s e s l t d .3 5 notes to the consolidated financial statements ( continued ) 51392_financials-v9.qxp 6/7/07 3:40 pm page 35 .
Question: what was the change in the annual pension costs from 2005 to 2006?
| convfinqa2152 |
note 9 .retirement plan we maintain a defined contribution pension plan covering full-time shoreside employees who have completed the minimum period of continuous service .annual contributions to the plan are based on fixed percentages of participants 2019 salaries and years of service , not to exceed certain maximums .pension cost was $ 13.9 million , $ 12.8 million and $ 12.2 million for the years ended december 31 , 2006 , 2005 and 2004 , respectively .note 10 .income taxes we and the majority of our subsidiaries are currently exempt from united states corporate tax on income from the international opera- tion of ships pursuant to section 883 of the internal revenue code .income tax expense related to our remaining subsidiaries was not significant for the years ended december 31 , 2006 , 2005 and 2004 .final regulations under section 883 were published on august 26 , 2003 , and were effective for the year ended december 31 , 2005 .these regulations confirmed that we qualify for the exemption provid- ed by section 883 , but also narrowed the scope of activities which are considered by the internal revenue service to be incidental to the international operation of ships .the activities listed in the regula- tions as not being incidental to the international operation of ships include income from the sale of air and other transportation such as transfers , shore excursions and pre and post cruise tours .to the extent the income from such activities is earned from sources within the united states , such income will be subject to united states taxa- tion .the application of these new regulations reduced our net income for the years ended december 31 , 2006 and december 31 , 2005 by approximately $ 6.3 million and $ 14.0 million , respectively .note 11 .financial instruments the estimated fair values of our financial instruments are as follows ( in thousands ) : . | 2006 | 2005
cash and cash equivalents | $ 104520 | $ 125385
long-term debt ( including current portion of long-term debt ) | -5474988 ( 5474988 ) | -4368874 ( 4368874 )
foreign currency forward contracts in a net ( loss ) gain position | 104159 | -115415 ( 115415 )
interest rate swap agreements in a net receivable position | 5856 | 8456
fuel swap agreements in a net payable position | -20456 ( 20456 ) | -78 ( 78 ) long-term debt ( including current portion of long-term debt ) ( 5474988 ) ( 4368874 ) foreign currency forward contracts in a net ( loss ) gain position 104159 ( 115415 ) interest rate swap agreements in a net receivable position 5856 8456 fuel swap agreements in a net payable position ( 20456 ) ( 78 ) the reported fair values are based on a variety of factors and assumptions .accordingly , the fair values may not represent actual values of the financial instruments that could have been realized as of december 31 , 2006 or 2005 , or that will be realized in the future and do not include expenses that could be incurred in an actual sale or settlement .our financial instruments are not held for trading or speculative purposes .our exposure under foreign currency contracts , interest rate and fuel swap agreements is limited to the cost of replacing the contracts in the event of non-performance by the counterparties to the contracts , all of which are currently our lending banks .to minimize this risk , we select counterparties with credit risks acceptable to us and we limit our exposure to an individual counterparty .furthermore , all foreign currency forward contracts are denominated in primary currencies .cash and cash equivalents the carrying amounts of cash and cash equivalents approximate their fair values due to the short maturity of these instruments .long-term debt the fair values of our senior notes and senior debentures were esti- mated by obtaining quoted market prices .the fair values of all other debt were estimated using discounted cash flow analyses based on market rates available to us for similar debt with the same remaining maturities .foreign currency contracts the fair values of our foreign currency forward contracts were esti- mated using current market prices for similar instruments .our expo- sure to market risk for fluctuations in foreign currency exchange rates relates to six ship construction contracts and forecasted transactions .we use foreign currency forward contracts to mitigate the impact of fluctuations in foreign currency exchange rates .as of december 31 , 2006 , we had foreign currency forward contracts in a notional amount of $ 3.8 billion maturing through 2009 .as of december 31 , 2006 , the fair value of our foreign currency forward contracts related to the six ship construction contracts , which are designated as fair value hedges , was a net unrealized gain of approximately $ 106.3 mil- lion .at december 31 , 2005 , the fair value of our foreign currency for- ward contracts related to three ship construction contracts , designated as fair value hedges , was a net unrealized loss of approx- imately $ 103.4 million .the fair value of our foreign currency forward contracts related to the other ship construction contract at december 31 , 2005 , which was designated as a cash flow hedge , was an unre- alized loss , of approximately $ 7.8 million .at december 31 , 2006 , approximately 11% ( 11 % ) of the aggregate cost of the ships was exposed to fluctuations in the euro exchange rate .r o y a l c a r i b b e a n c r u i s e s l t d .3 5 notes to the consolidated financial statements ( continued ) 51392_financials-v9.qxp 6/7/07 3:40 pm page 35 .
Question: what was the change in the annual pension costs from 2005 to 2006?
Steps: subtract(13.9, 12.2)
Answer: 1.7
Question: and how much does this change represent in relation to those annual pension costs in 2005, in percentage?
| 0.13934 | 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.
note 9 .retirement plan we maintain a defined contribution pension plan covering full-time shoreside employees who have completed the minimum period of continuous service .annual contributions to the plan are based on fixed percentages of participants 2019 salaries and years of service , not to exceed certain maximums .pension cost was $ 13.9 million , $ 12.8 million and $ 12.2 million for the years ended december 31 , 2006 , 2005 and 2004 , respectively .note 10 .income taxes we and the majority of our subsidiaries are currently exempt from united states corporate tax on income from the international opera- tion of ships pursuant to section 883 of the internal revenue code .income tax expense related to our remaining subsidiaries was not significant for the years ended december 31 , 2006 , 2005 and 2004 .final regulations under section 883 were published on august 26 , 2003 , and were effective for the year ended december 31 , 2005 .these regulations confirmed that we qualify for the exemption provid- ed by section 883 , but also narrowed the scope of activities which are considered by the internal revenue service to be incidental to the international operation of ships .the activities listed in the regula- tions as not being incidental to the international operation of ships include income from the sale of air and other transportation such as transfers , shore excursions and pre and post cruise tours .to the extent the income from such activities is earned from sources within the united states , such income will be subject to united states taxa- tion .the application of these new regulations reduced our net income for the years ended december 31 , 2006 and december 31 , 2005 by approximately $ 6.3 million and $ 14.0 million , respectively .note 11 .financial instruments the estimated fair values of our financial instruments are as follows ( in thousands ) : . | 2006 | 2005
cash and cash equivalents | $ 104520 | $ 125385
long-term debt ( including current portion of long-term debt ) | -5474988 ( 5474988 ) | -4368874 ( 4368874 )
foreign currency forward contracts in a net ( loss ) gain position | 104159 | -115415 ( 115415 )
interest rate swap agreements in a net receivable position | 5856 | 8456
fuel swap agreements in a net payable position | -20456 ( 20456 ) | -78 ( 78 ) long-term debt ( including current portion of long-term debt ) ( 5474988 ) ( 4368874 ) foreign currency forward contracts in a net ( loss ) gain position 104159 ( 115415 ) interest rate swap agreements in a net receivable position 5856 8456 fuel swap agreements in a net payable position ( 20456 ) ( 78 ) the reported fair values are based on a variety of factors and assumptions .accordingly , the fair values may not represent actual values of the financial instruments that could have been realized as of december 31 , 2006 or 2005 , or that will be realized in the future and do not include expenses that could be incurred in an actual sale or settlement .our financial instruments are not held for trading or speculative purposes .our exposure under foreign currency contracts , interest rate and fuel swap agreements is limited to the cost of replacing the contracts in the event of non-performance by the counterparties to the contracts , all of which are currently our lending banks .to minimize this risk , we select counterparties with credit risks acceptable to us and we limit our exposure to an individual counterparty .furthermore , all foreign currency forward contracts are denominated in primary currencies .cash and cash equivalents the carrying amounts of cash and cash equivalents approximate their fair values due to the short maturity of these instruments .long-term debt the fair values of our senior notes and senior debentures were esti- mated by obtaining quoted market prices .the fair values of all other debt were estimated using discounted cash flow analyses based on market rates available to us for similar debt with the same remaining maturities .foreign currency contracts the fair values of our foreign currency forward contracts were esti- mated using current market prices for similar instruments .our expo- sure to market risk for fluctuations in foreign currency exchange rates relates to six ship construction contracts and forecasted transactions .we use foreign currency forward contracts to mitigate the impact of fluctuations in foreign currency exchange rates .as of december 31 , 2006 , we had foreign currency forward contracts in a notional amount of $ 3.8 billion maturing through 2009 .as of december 31 , 2006 , the fair value of our foreign currency forward contracts related to the six ship construction contracts , which are designated as fair value hedges , was a net unrealized gain of approximately $ 106.3 mil- lion .at december 31 , 2005 , the fair value of our foreign currency for- ward contracts related to three ship construction contracts , designated as fair value hedges , was a net unrealized loss of approx- imately $ 103.4 million .the fair value of our foreign currency forward contracts related to the other ship construction contract at december 31 , 2005 , which was designated as a cash flow hedge , was an unre- alized loss , of approximately $ 7.8 million .at december 31 , 2006 , approximately 11% ( 11 % ) of the aggregate cost of the ships was exposed to fluctuations in the euro exchange rate .r o y a l c a r i b b e a n c r u i s e s l t d .3 5 notes to the consolidated financial statements ( continued ) 51392_financials-v9.qxp 6/7/07 3:40 pm page 35 .
Question: what was the change in the annual pension costs from 2005 to 2006?
Steps: subtract(13.9, 12.2)
Answer: 1.7
Question: and how much does this change represent in relation to those annual pension costs in 2005, in percentage?
| convfinqa2153 |
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 as of the market close on september 30 , 2007 .data points on the graph are annual .note that historic stock price performance is not necessarily indicative of future stock price performance .sep-11sep-10sep-09sep-08sep-07 sep-12 apple inc .s&p 500 s&p computer hardware dow jones us technology 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 *$ 100 invested on 9/30/07 in stock or index , including reinvestment of dividends .fiscal year ending september 30 .copyright a9 2012 s&p , a division of the mcgraw-hill companies inc .all rights reserved .september 30 , september 30 , september 30 , september 30 , september 30 , september 30 . | september 30 2007 | september 30 2008 | september 30 2009 | september 30 2010 | september 30 2011 | september 30 2012
apple inc . | $ 100 | $ 74 | $ 121 | $ 185 | $ 248 | $ 437
s&p 500 | $ 100 | $ 78 | $ 73 | $ 80 | $ 81 | $ 105
s&p computer hardware | $ 100 | $ 84 | $ 99 | $ 118 | $ 134 | $ 214
dow jones us technology | $ 100 | $ 76 | $ 85 | $ 95 | $ 98 | $ 127 .
Question: what was the change in the performance price of the apple inc . from 2007 to 2012?
| 337.0 | 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 as of the market close on september 30 , 2007 .data points on the graph are annual .note that historic stock price performance is not necessarily indicative of future stock price performance .sep-11sep-10sep-09sep-08sep-07 sep-12 apple inc .s&p 500 s&p computer hardware dow jones us technology 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 *$ 100 invested on 9/30/07 in stock or index , including reinvestment of dividends .fiscal year ending september 30 .copyright a9 2012 s&p , a division of the mcgraw-hill companies inc .all rights reserved .september 30 , september 30 , september 30 , september 30 , september 30 , september 30 . | september 30 2007 | september 30 2008 | september 30 2009 | september 30 2010 | september 30 2011 | september 30 2012
apple inc . | $ 100 | $ 74 | $ 121 | $ 185 | $ 248 | $ 437
s&p 500 | $ 100 | $ 78 | $ 73 | $ 80 | $ 81 | $ 105
s&p computer hardware | $ 100 | $ 84 | $ 99 | $ 118 | $ 134 | $ 214
dow jones us technology | $ 100 | $ 76 | $ 85 | $ 95 | $ 98 | $ 127 .
Question: what was the change in the performance price of the apple inc . from 2007 to 2012?
| convfinqa2154 |
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 as of the market close on september 30 , 2007 .data points on the graph are annual .note that historic stock price performance is not necessarily indicative of future stock price performance .sep-11sep-10sep-09sep-08sep-07 sep-12 apple inc .s&p 500 s&p computer hardware dow jones us technology 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 *$ 100 invested on 9/30/07 in stock or index , including reinvestment of dividends .fiscal year ending september 30 .copyright a9 2012 s&p , a division of the mcgraw-hill companies inc .all rights reserved .september 30 , september 30 , september 30 , september 30 , september 30 , september 30 . | september 30 2007 | september 30 2008 | september 30 2009 | september 30 2010 | september 30 2011 | september 30 2012
apple inc . | $ 100 | $ 74 | $ 121 | $ 185 | $ 248 | $ 437
s&p 500 | $ 100 | $ 78 | $ 73 | $ 80 | $ 81 | $ 105
s&p computer hardware | $ 100 | $ 84 | $ 99 | $ 118 | $ 134 | $ 214
dow jones us technology | $ 100 | $ 76 | $ 85 | $ 95 | $ 98 | $ 127 .
Question: what was the change in the performance price of the apple inc . from 2007 to 2012?
Steps: subtract(437, 100)
Answer: 337.0
Question: and how much did this change represent in relation to that performance price in 2007?
| 3.37 | 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 as of the market close on september 30 , 2007 .data points on the graph are annual .note that historic stock price performance is not necessarily indicative of future stock price performance .sep-11sep-10sep-09sep-08sep-07 sep-12 apple inc .s&p 500 s&p computer hardware dow jones us technology 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 *$ 100 invested on 9/30/07 in stock or index , including reinvestment of dividends .fiscal year ending september 30 .copyright a9 2012 s&p , a division of the mcgraw-hill companies inc .all rights reserved .september 30 , september 30 , september 30 , september 30 , september 30 , september 30 . | september 30 2007 | september 30 2008 | september 30 2009 | september 30 2010 | september 30 2011 | september 30 2012
apple inc . | $ 100 | $ 74 | $ 121 | $ 185 | $ 248 | $ 437
s&p 500 | $ 100 | $ 78 | $ 73 | $ 80 | $ 81 | $ 105
s&p computer hardware | $ 100 | $ 84 | $ 99 | $ 118 | $ 134 | $ 214
dow jones us technology | $ 100 | $ 76 | $ 85 | $ 95 | $ 98 | $ 127 .
Question: what was the change in the performance price of the apple inc . from 2007 to 2012?
Steps: subtract(437, 100)
Answer: 337.0
Question: and how much did this change represent in relation to that performance price in 2007?
| convfinqa2155 |
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 as of the market close on september 30 , 2007 .data points on the graph are annual .note that historic stock price performance is not necessarily indicative of future stock price performance .sep-11sep-10sep-09sep-08sep-07 sep-12 apple inc .s&p 500 s&p computer hardware dow jones us technology 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 *$ 100 invested on 9/30/07 in stock or index , including reinvestment of dividends .fiscal year ending september 30 .copyright a9 2012 s&p , a division of the mcgraw-hill companies inc .all rights reserved .september 30 , september 30 , september 30 , september 30 , september 30 , september 30 . | september 30 2007 | september 30 2008 | september 30 2009 | september 30 2010 | september 30 2011 | september 30 2012
apple inc . | $ 100 | $ 74 | $ 121 | $ 185 | $ 248 | $ 437
s&p 500 | $ 100 | $ 78 | $ 73 | $ 80 | $ 81 | $ 105
s&p computer hardware | $ 100 | $ 84 | $ 99 | $ 118 | $ 134 | $ 214
dow jones us technology | $ 100 | $ 76 | $ 85 | $ 95 | $ 98 | $ 127 .
Question: what was the change in the performance price of the apple inc . from 2007 to 2012?
Steps: subtract(437, 100)
Answer: 337.0
Question: and how much did this change represent in relation to that performance price in 2007?
Steps: divide(#0, 100)
Answer: 3.37
Question: in that same period, what was that change for the s&p 500?
| 5.0 | 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 as of the market close on september 30 , 2007 .data points on the graph are annual .note that historic stock price performance is not necessarily indicative of future stock price performance .sep-11sep-10sep-09sep-08sep-07 sep-12 apple inc .s&p 500 s&p computer hardware dow jones us technology 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 *$ 100 invested on 9/30/07 in stock or index , including reinvestment of dividends .fiscal year ending september 30 .copyright a9 2012 s&p , a division of the mcgraw-hill companies inc .all rights reserved .september 30 , september 30 , september 30 , september 30 , september 30 , september 30 . | september 30 2007 | september 30 2008 | september 30 2009 | september 30 2010 | september 30 2011 | september 30 2012
apple inc . | $ 100 | $ 74 | $ 121 | $ 185 | $ 248 | $ 437
s&p 500 | $ 100 | $ 78 | $ 73 | $ 80 | $ 81 | $ 105
s&p computer hardware | $ 100 | $ 84 | $ 99 | $ 118 | $ 134 | $ 214
dow jones us technology | $ 100 | $ 76 | $ 85 | $ 95 | $ 98 | $ 127 .
Question: what was the change in the performance price of the apple inc . from 2007 to 2012?
Steps: subtract(437, 100)
Answer: 337.0
Question: and how much did this change represent in relation to that performance price in 2007?
Steps: divide(#0, 100)
Answer: 3.37
Question: in that same period, what was that change for the s&p 500?
| convfinqa2156 |
part iii item 10 .directors , executive officers and corporate governance for the information required by this item 10 , other than information with respect to our executive officers contained at the end of item 1 of this report , see 201celection of directors , 201d 201cnominees for election to the board of directors , 201d 201ccorporate governance 201d and 201csection 16 ( a ) beneficial ownership reporting compliance , 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .the proxy statement for our 2015 annual meeting will be filed within 120 days of the close of our fiscal year .for the information required by this item 10 with respect to our executive officers , see part i of this report on pages 11 - 12 .item 11 .executive compensation for the information required by this item 11 , see 201cexecutive compensation , 201d 201ccompensation committee report on executive compensation 201d and 201ccompensation committee interlocks and insider participation 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .item 12 .security ownership of certain beneficial owners and management and related stockholder matters for the information required by this item 12 with respect to beneficial ownership of our common stock , see 201csecurity ownership of certain beneficial owners and management 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .the following table sets forth certain information as of december 31 , 2014 regarding our equity plans : plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ( b ) ( c ) equity compensation plans approved by security holders 1233672 $ 75.93 4903018 item 13 .certain relationships and related transactions , and director independence for the information required by this item 13 , see 201ccertain transactions 201d and 201ccorporate governance 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .item 14 .principal accounting fees and services for the information required by this item 14 , see 201caudit and non-audit fees 201d and 201cpolicy on audit committee pre- approval of audit and non-audit services of independent registered public accounting firm 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference. . plan category | number of securitiesto be issued uponexercise ofoutstanding options warrants and rights ( a ) ( b ) | weighted-averageexercise price ofoutstanding options warrants and rights | number of securitiesremaining available forfuture issuance underequity compensationplans ( excludingsecurities reflected in column ( a ) ) ( c )
equity compensation plans approved by security holders | 1233672 | $ 75.93 | 4903018 part iii item 10 .directors , executive officers and corporate governance for the information required by this item 10 , other than information with respect to our executive officers contained at the end of item 1 of this report , see 201celection of directors , 201d 201cnominees for election to the board of directors , 201d 201ccorporate governance 201d and 201csection 16 ( a ) beneficial ownership reporting compliance , 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .the proxy statement for our 2015 annual meeting will be filed within 120 days of the close of our fiscal year .for the information required by this item 10 with respect to our executive officers , see part i of this report on pages 11 - 12 .item 11 .executive compensation for the information required by this item 11 , see 201cexecutive compensation , 201d 201ccompensation committee report on executive compensation 201d and 201ccompensation committee interlocks and insider participation 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .item 12 .security ownership of certain beneficial owners and management and related stockholder matters for the information required by this item 12 with respect to beneficial ownership of our common stock , see 201csecurity ownership of certain beneficial owners and management 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .the following table sets forth certain information as of december 31 , 2014 regarding our equity plans : plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ( b ) ( c ) equity compensation plans approved by security holders 1233672 $ 75.93 4903018 item 13 .certain relationships and related transactions , and director independence for the information required by this item 13 , see 201ccertain transactions 201d and 201ccorporate governance 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .item 14 .principal accounting fees and services for the information required by this item 14 , see 201caudit and non-audit fees 201d and 201cpolicy on audit committee pre- approval of audit and non-audit services of independent registered public accounting firm 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference. .
Question: what is the number of securities to be issued upon exercise of outstanding options warrants and rights?
| 1233672.0 | 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.
part iii item 10 .directors , executive officers and corporate governance for the information required by this item 10 , other than information with respect to our executive officers contained at the end of item 1 of this report , see 201celection of directors , 201d 201cnominees for election to the board of directors , 201d 201ccorporate governance 201d and 201csection 16 ( a ) beneficial ownership reporting compliance , 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .the proxy statement for our 2015 annual meeting will be filed within 120 days of the close of our fiscal year .for the information required by this item 10 with respect to our executive officers , see part i of this report on pages 11 - 12 .item 11 .executive compensation for the information required by this item 11 , see 201cexecutive compensation , 201d 201ccompensation committee report on executive compensation 201d and 201ccompensation committee interlocks and insider participation 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .item 12 .security ownership of certain beneficial owners and management and related stockholder matters for the information required by this item 12 with respect to beneficial ownership of our common stock , see 201csecurity ownership of certain beneficial owners and management 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .the following table sets forth certain information as of december 31 , 2014 regarding our equity plans : plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ( b ) ( c ) equity compensation plans approved by security holders 1233672 $ 75.93 4903018 item 13 .certain relationships and related transactions , and director independence for the information required by this item 13 , see 201ccertain transactions 201d and 201ccorporate governance 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .item 14 .principal accounting fees and services for the information required by this item 14 , see 201caudit and non-audit fees 201d and 201cpolicy on audit committee pre- approval of audit and non-audit services of independent registered public accounting firm 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference. . plan category | number of securitiesto be issued uponexercise ofoutstanding options warrants and rights ( a ) ( b ) | weighted-averageexercise price ofoutstanding options warrants and rights | number of securitiesremaining available forfuture issuance underequity compensationplans ( excludingsecurities reflected in column ( a ) ) ( c )
equity compensation plans approved by security holders | 1233672 | $ 75.93 | 4903018 part iii item 10 .directors , executive officers and corporate governance for the information required by this item 10 , other than information with respect to our executive officers contained at the end of item 1 of this report , see 201celection of directors , 201d 201cnominees for election to the board of directors , 201d 201ccorporate governance 201d and 201csection 16 ( a ) beneficial ownership reporting compliance , 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .the proxy statement for our 2015 annual meeting will be filed within 120 days of the close of our fiscal year .for the information required by this item 10 with respect to our executive officers , see part i of this report on pages 11 - 12 .item 11 .executive compensation for the information required by this item 11 , see 201cexecutive compensation , 201d 201ccompensation committee report on executive compensation 201d and 201ccompensation committee interlocks and insider participation 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .item 12 .security ownership of certain beneficial owners and management and related stockholder matters for the information required by this item 12 with respect to beneficial ownership of our common stock , see 201csecurity ownership of certain beneficial owners and management 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .the following table sets forth certain information as of december 31 , 2014 regarding our equity plans : plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ( b ) ( c ) equity compensation plans approved by security holders 1233672 $ 75.93 4903018 item 13 .certain relationships and related transactions , and director independence for the information required by this item 13 , see 201ccertain transactions 201d and 201ccorporate governance 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .item 14 .principal accounting fees and services for the information required by this item 14 , see 201caudit and non-audit fees 201d and 201cpolicy on audit committee pre- approval of audit and non-audit services of independent registered public accounting firm 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference. .
Question: what is the number of securities to be issued upon exercise of outstanding options warrants and rights?
| convfinqa2157 |
part iii item 10 .directors , executive officers and corporate governance for the information required by this item 10 , other than information with respect to our executive officers contained at the end of item 1 of this report , see 201celection of directors , 201d 201cnominees for election to the board of directors , 201d 201ccorporate governance 201d and 201csection 16 ( a ) beneficial ownership reporting compliance , 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .the proxy statement for our 2015 annual meeting will be filed within 120 days of the close of our fiscal year .for the information required by this item 10 with respect to our executive officers , see part i of this report on pages 11 - 12 .item 11 .executive compensation for the information required by this item 11 , see 201cexecutive compensation , 201d 201ccompensation committee report on executive compensation 201d and 201ccompensation committee interlocks and insider participation 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .item 12 .security ownership of certain beneficial owners and management and related stockholder matters for the information required by this item 12 with respect to beneficial ownership of our common stock , see 201csecurity ownership of certain beneficial owners and management 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .the following table sets forth certain information as of december 31 , 2014 regarding our equity plans : plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ( b ) ( c ) equity compensation plans approved by security holders 1233672 $ 75.93 4903018 item 13 .certain relationships and related transactions , and director independence for the information required by this item 13 , see 201ccertain transactions 201d and 201ccorporate governance 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .item 14 .principal accounting fees and services for the information required by this item 14 , see 201caudit and non-audit fees 201d and 201cpolicy on audit committee pre- approval of audit and non-audit services of independent registered public accounting firm 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference. . plan category | number of securitiesto be issued uponexercise ofoutstanding options warrants and rights ( a ) ( b ) | weighted-averageexercise price ofoutstanding options warrants and rights | number of securitiesremaining available forfuture issuance underequity compensationplans ( excludingsecurities reflected in column ( a ) ) ( c )
equity compensation plans approved by security holders | 1233672 | $ 75.93 | 4903018 part iii item 10 .directors , executive officers and corporate governance for the information required by this item 10 , other than information with respect to our executive officers contained at the end of item 1 of this report , see 201celection of directors , 201d 201cnominees for election to the board of directors , 201d 201ccorporate governance 201d and 201csection 16 ( a ) beneficial ownership reporting compliance , 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .the proxy statement for our 2015 annual meeting will be filed within 120 days of the close of our fiscal year .for the information required by this item 10 with respect to our executive officers , see part i of this report on pages 11 - 12 .item 11 .executive compensation for the information required by this item 11 , see 201cexecutive compensation , 201d 201ccompensation committee report on executive compensation 201d and 201ccompensation committee interlocks and insider participation 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .item 12 .security ownership of certain beneficial owners and management and related stockholder matters for the information required by this item 12 with respect to beneficial ownership of our common stock , see 201csecurity ownership of certain beneficial owners and management 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .the following table sets forth certain information as of december 31 , 2014 regarding our equity plans : plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ( b ) ( c ) equity compensation plans approved by security holders 1233672 $ 75.93 4903018 item 13 .certain relationships and related transactions , and director independence for the information required by this item 13 , see 201ccertain transactions 201d and 201ccorporate governance 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .item 14 .principal accounting fees and services for the information required by this item 14 , see 201caudit and non-audit fees 201d and 201cpolicy on audit committee pre- approval of audit and non-audit services of independent registered public accounting firm 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference. .
Question: what is the number of securities to be issued upon exercise of outstanding options warrants and rights?
Steps: Ask for number 1233672
Answer: 1233672.0
Question: and what is the number of securities remaining available for future issuance under equity compensation plans?
| 4903018.0 | 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.
part iii item 10 .directors , executive officers and corporate governance for the information required by this item 10 , other than information with respect to our executive officers contained at the end of item 1 of this report , see 201celection of directors , 201d 201cnominees for election to the board of directors , 201d 201ccorporate governance 201d and 201csection 16 ( a ) beneficial ownership reporting compliance , 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .the proxy statement for our 2015 annual meeting will be filed within 120 days of the close of our fiscal year .for the information required by this item 10 with respect to our executive officers , see part i of this report on pages 11 - 12 .item 11 .executive compensation for the information required by this item 11 , see 201cexecutive compensation , 201d 201ccompensation committee report on executive compensation 201d and 201ccompensation committee interlocks and insider participation 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .item 12 .security ownership of certain beneficial owners and management and related stockholder matters for the information required by this item 12 with respect to beneficial ownership of our common stock , see 201csecurity ownership of certain beneficial owners and management 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .the following table sets forth certain information as of december 31 , 2014 regarding our equity plans : plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ( b ) ( c ) equity compensation plans approved by security holders 1233672 $ 75.93 4903018 item 13 .certain relationships and related transactions , and director independence for the information required by this item 13 , see 201ccertain transactions 201d and 201ccorporate governance 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .item 14 .principal accounting fees and services for the information required by this item 14 , see 201caudit and non-audit fees 201d and 201cpolicy on audit committee pre- approval of audit and non-audit services of independent registered public accounting firm 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference. . plan category | number of securitiesto be issued uponexercise ofoutstanding options warrants and rights ( a ) ( b ) | weighted-averageexercise price ofoutstanding options warrants and rights | number of securitiesremaining available forfuture issuance underequity compensationplans ( excludingsecurities reflected in column ( a ) ) ( c )
equity compensation plans approved by security holders | 1233672 | $ 75.93 | 4903018 part iii item 10 .directors , executive officers and corporate governance for the information required by this item 10 , other than information with respect to our executive officers contained at the end of item 1 of this report , see 201celection of directors , 201d 201cnominees for election to the board of directors , 201d 201ccorporate governance 201d and 201csection 16 ( a ) beneficial ownership reporting compliance , 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .the proxy statement for our 2015 annual meeting will be filed within 120 days of the close of our fiscal year .for the information required by this item 10 with respect to our executive officers , see part i of this report on pages 11 - 12 .item 11 .executive compensation for the information required by this item 11 , see 201cexecutive compensation , 201d 201ccompensation committee report on executive compensation 201d and 201ccompensation committee interlocks and insider participation 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .item 12 .security ownership of certain beneficial owners and management and related stockholder matters for the information required by this item 12 with respect to beneficial ownership of our common stock , see 201csecurity ownership of certain beneficial owners and management 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .the following table sets forth certain information as of december 31 , 2014 regarding our equity plans : plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ( b ) ( c ) equity compensation plans approved by security holders 1233672 $ 75.93 4903018 item 13 .certain relationships and related transactions , and director independence for the information required by this item 13 , see 201ccertain transactions 201d and 201ccorporate governance 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .item 14 .principal accounting fees and services for the information required by this item 14 , see 201caudit and non-audit fees 201d and 201cpolicy on audit committee pre- approval of audit and non-audit services of independent registered public accounting firm 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference. .
Question: what is the number of securities to be issued upon exercise of outstanding options warrants and rights?
Steps: Ask for number 1233672
Answer: 1233672.0
Question: and what is the number of securities remaining available for future issuance under equity compensation plans?
| convfinqa2158 |
part iii item 10 .directors , executive officers and corporate governance for the information required by this item 10 , other than information with respect to our executive officers contained at the end of item 1 of this report , see 201celection of directors , 201d 201cnominees for election to the board of directors , 201d 201ccorporate governance 201d and 201csection 16 ( a ) beneficial ownership reporting compliance , 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .the proxy statement for our 2015 annual meeting will be filed within 120 days of the close of our fiscal year .for the information required by this item 10 with respect to our executive officers , see part i of this report on pages 11 - 12 .item 11 .executive compensation for the information required by this item 11 , see 201cexecutive compensation , 201d 201ccompensation committee report on executive compensation 201d and 201ccompensation committee interlocks and insider participation 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .item 12 .security ownership of certain beneficial owners and management and related stockholder matters for the information required by this item 12 with respect to beneficial ownership of our common stock , see 201csecurity ownership of certain beneficial owners and management 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .the following table sets forth certain information as of december 31 , 2014 regarding our equity plans : plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ( b ) ( c ) equity compensation plans approved by security holders 1233672 $ 75.93 4903018 item 13 .certain relationships and related transactions , and director independence for the information required by this item 13 , see 201ccertain transactions 201d and 201ccorporate governance 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .item 14 .principal accounting fees and services for the information required by this item 14 , see 201caudit and non-audit fees 201d and 201cpolicy on audit committee pre- approval of audit and non-audit services of independent registered public accounting firm 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference. . plan category | number of securitiesto be issued uponexercise ofoutstanding options warrants and rights ( a ) ( b ) | weighted-averageexercise price ofoutstanding options warrants and rights | number of securitiesremaining available forfuture issuance underequity compensationplans ( excludingsecurities reflected in column ( a ) ) ( c )
equity compensation plans approved by security holders | 1233672 | $ 75.93 | 4903018 part iii item 10 .directors , executive officers and corporate governance for the information required by this item 10 , other than information with respect to our executive officers contained at the end of item 1 of this report , see 201celection of directors , 201d 201cnominees for election to the board of directors , 201d 201ccorporate governance 201d and 201csection 16 ( a ) beneficial ownership reporting compliance , 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .the proxy statement for our 2015 annual meeting will be filed within 120 days of the close of our fiscal year .for the information required by this item 10 with respect to our executive officers , see part i of this report on pages 11 - 12 .item 11 .executive compensation for the information required by this item 11 , see 201cexecutive compensation , 201d 201ccompensation committee report on executive compensation 201d and 201ccompensation committee interlocks and insider participation 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .item 12 .security ownership of certain beneficial owners and management and related stockholder matters for the information required by this item 12 with respect to beneficial ownership of our common stock , see 201csecurity ownership of certain beneficial owners and management 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .the following table sets forth certain information as of december 31 , 2014 regarding our equity plans : plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ( b ) ( c ) equity compensation plans approved by security holders 1233672 $ 75.93 4903018 item 13 .certain relationships and related transactions , and director independence for the information required by this item 13 , see 201ccertain transactions 201d and 201ccorporate governance 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .item 14 .principal accounting fees and services for the information required by this item 14 , see 201caudit and non-audit fees 201d and 201cpolicy on audit committee pre- approval of audit and non-audit services of independent registered public accounting firm 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference. .
Question: what is the number of securities to be issued upon exercise of outstanding options warrants and rights?
Steps: Ask for number 1233672
Answer: 1233672.0
Question: and what is the number of securities remaining available for future issuance under equity compensation plans?
Steps: Ask for number 4903018
Answer: 4903018.0
Question: what is, then, the combined total of those numbers of securities?
| 6136690.0 | 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.
part iii item 10 .directors , executive officers and corporate governance for the information required by this item 10 , other than information with respect to our executive officers contained at the end of item 1 of this report , see 201celection of directors , 201d 201cnominees for election to the board of directors , 201d 201ccorporate governance 201d and 201csection 16 ( a ) beneficial ownership reporting compliance , 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .the proxy statement for our 2015 annual meeting will be filed within 120 days of the close of our fiscal year .for the information required by this item 10 with respect to our executive officers , see part i of this report on pages 11 - 12 .item 11 .executive compensation for the information required by this item 11 , see 201cexecutive compensation , 201d 201ccompensation committee report on executive compensation 201d and 201ccompensation committee interlocks and insider participation 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .item 12 .security ownership of certain beneficial owners and management and related stockholder matters for the information required by this item 12 with respect to beneficial ownership of our common stock , see 201csecurity ownership of certain beneficial owners and management 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .the following table sets forth certain information as of december 31 , 2014 regarding our equity plans : plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ( b ) ( c ) equity compensation plans approved by security holders 1233672 $ 75.93 4903018 item 13 .certain relationships and related transactions , and director independence for the information required by this item 13 , see 201ccertain transactions 201d and 201ccorporate governance 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .item 14 .principal accounting fees and services for the information required by this item 14 , see 201caudit and non-audit fees 201d and 201cpolicy on audit committee pre- approval of audit and non-audit services of independent registered public accounting firm 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference. . plan category | number of securitiesto be issued uponexercise ofoutstanding options warrants and rights ( a ) ( b ) | weighted-averageexercise price ofoutstanding options warrants and rights | number of securitiesremaining available forfuture issuance underequity compensationplans ( excludingsecurities reflected in column ( a ) ) ( c )
equity compensation plans approved by security holders | 1233672 | $ 75.93 | 4903018 part iii item 10 .directors , executive officers and corporate governance for the information required by this item 10 , other than information with respect to our executive officers contained at the end of item 1 of this report , see 201celection of directors , 201d 201cnominees for election to the board of directors , 201d 201ccorporate governance 201d and 201csection 16 ( a ) beneficial ownership reporting compliance , 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .the proxy statement for our 2015 annual meeting will be filed within 120 days of the close of our fiscal year .for the information required by this item 10 with respect to our executive officers , see part i of this report on pages 11 - 12 .item 11 .executive compensation for the information required by this item 11 , see 201cexecutive compensation , 201d 201ccompensation committee report on executive compensation 201d and 201ccompensation committee interlocks and insider participation 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .item 12 .security ownership of certain beneficial owners and management and related stockholder matters for the information required by this item 12 with respect to beneficial ownership of our common stock , see 201csecurity ownership of certain beneficial owners and management 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .the following table sets forth certain information as of december 31 , 2014 regarding our equity plans : plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ( b ) ( c ) equity compensation plans approved by security holders 1233672 $ 75.93 4903018 item 13 .certain relationships and related transactions , and director independence for the information required by this item 13 , see 201ccertain transactions 201d and 201ccorporate governance 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .item 14 .principal accounting fees and services for the information required by this item 14 , see 201caudit and non-audit fees 201d and 201cpolicy on audit committee pre- approval of audit and non-audit services of independent registered public accounting firm 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference. .
Question: what is the number of securities to be issued upon exercise of outstanding options warrants and rights?
Steps: Ask for number 1233672
Answer: 1233672.0
Question: and what is the number of securities remaining available for future issuance under equity compensation plans?
Steps: Ask for number 4903018
Answer: 4903018.0
Question: what is, then, the combined total of those numbers of securities?
| convfinqa2159 |
part iii item 10 .directors , executive officers and corporate governance for the information required by this item 10 , other than information with respect to our executive officers contained at the end of item 1 of this report , see 201celection of directors , 201d 201cnominees for election to the board of directors , 201d 201ccorporate governance 201d and 201csection 16 ( a ) beneficial ownership reporting compliance , 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .the proxy statement for our 2015 annual meeting will be filed within 120 days of the close of our fiscal year .for the information required by this item 10 with respect to our executive officers , see part i of this report on pages 11 - 12 .item 11 .executive compensation for the information required by this item 11 , see 201cexecutive compensation , 201d 201ccompensation committee report on executive compensation 201d and 201ccompensation committee interlocks and insider participation 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .item 12 .security ownership of certain beneficial owners and management and related stockholder matters for the information required by this item 12 with respect to beneficial ownership of our common stock , see 201csecurity ownership of certain beneficial owners and management 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .the following table sets forth certain information as of december 31 , 2014 regarding our equity plans : plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ( b ) ( c ) equity compensation plans approved by security holders 1233672 $ 75.93 4903018 item 13 .certain relationships and related transactions , and director independence for the information required by this item 13 , see 201ccertain transactions 201d and 201ccorporate governance 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .item 14 .principal accounting fees and services for the information required by this item 14 , see 201caudit and non-audit fees 201d and 201cpolicy on audit committee pre- approval of audit and non-audit services of independent registered public accounting firm 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference. . plan category | number of securitiesto be issued uponexercise ofoutstanding options warrants and rights ( a ) ( b ) | weighted-averageexercise price ofoutstanding options warrants and rights | number of securitiesremaining available forfuture issuance underequity compensationplans ( excludingsecurities reflected in column ( a ) ) ( c )
equity compensation plans approved by security holders | 1233672 | $ 75.93 | 4903018 part iii item 10 .directors , executive officers and corporate governance for the information required by this item 10 , other than information with respect to our executive officers contained at the end of item 1 of this report , see 201celection of directors , 201d 201cnominees for election to the board of directors , 201d 201ccorporate governance 201d and 201csection 16 ( a ) beneficial ownership reporting compliance , 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .the proxy statement for our 2015 annual meeting will be filed within 120 days of the close of our fiscal year .for the information required by this item 10 with respect to our executive officers , see part i of this report on pages 11 - 12 .item 11 .executive compensation for the information required by this item 11 , see 201cexecutive compensation , 201d 201ccompensation committee report on executive compensation 201d and 201ccompensation committee interlocks and insider participation 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .item 12 .security ownership of certain beneficial owners and management and related stockholder matters for the information required by this item 12 with respect to beneficial ownership of our common stock , see 201csecurity ownership of certain beneficial owners and management 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .the following table sets forth certain information as of december 31 , 2014 regarding our equity plans : plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ( b ) ( c ) equity compensation plans approved by security holders 1233672 $ 75.93 4903018 item 13 .certain relationships and related transactions , and director independence for the information required by this item 13 , see 201ccertain transactions 201d and 201ccorporate governance 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .item 14 .principal accounting fees and services for the information required by this item 14 , see 201caudit and non-audit fees 201d and 201cpolicy on audit committee pre- approval of audit and non-audit services of independent registered public accounting firm 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference. .
Question: what is the number of securities to be issued upon exercise of outstanding options warrants and rights?
Steps: Ask for number 1233672
Answer: 1233672.0
Question: and what is the number of securities remaining available for future issuance under equity compensation plans?
Steps: Ask for number 4903018
Answer: 4903018.0
Question: what is, then, the combined total of those numbers of securities?
Steps: add(1233672, 4903018)
Answer: 6136690.0
Question: what is the number of securities to be issued upon exercise of outstanding options warrants and rights?
| 1233672.0 | 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.
part iii item 10 .directors , executive officers and corporate governance for the information required by this item 10 , other than information with respect to our executive officers contained at the end of item 1 of this report , see 201celection of directors , 201d 201cnominees for election to the board of directors , 201d 201ccorporate governance 201d and 201csection 16 ( a ) beneficial ownership reporting compliance , 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .the proxy statement for our 2015 annual meeting will be filed within 120 days of the close of our fiscal year .for the information required by this item 10 with respect to our executive officers , see part i of this report on pages 11 - 12 .item 11 .executive compensation for the information required by this item 11 , see 201cexecutive compensation , 201d 201ccompensation committee report on executive compensation 201d and 201ccompensation committee interlocks and insider participation 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .item 12 .security ownership of certain beneficial owners and management and related stockholder matters for the information required by this item 12 with respect to beneficial ownership of our common stock , see 201csecurity ownership of certain beneficial owners and management 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .the following table sets forth certain information as of december 31 , 2014 regarding our equity plans : plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ( b ) ( c ) equity compensation plans approved by security holders 1233672 $ 75.93 4903018 item 13 .certain relationships and related transactions , and director independence for the information required by this item 13 , see 201ccertain transactions 201d and 201ccorporate governance 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .item 14 .principal accounting fees and services for the information required by this item 14 , see 201caudit and non-audit fees 201d and 201cpolicy on audit committee pre- approval of audit and non-audit services of independent registered public accounting firm 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference. . plan category | number of securitiesto be issued uponexercise ofoutstanding options warrants and rights ( a ) ( b ) | weighted-averageexercise price ofoutstanding options warrants and rights | number of securitiesremaining available forfuture issuance underequity compensationplans ( excludingsecurities reflected in column ( a ) ) ( c )
equity compensation plans approved by security holders | 1233672 | $ 75.93 | 4903018 part iii item 10 .directors , executive officers and corporate governance for the information required by this item 10 , other than information with respect to our executive officers contained at the end of item 1 of this report , see 201celection of directors , 201d 201cnominees for election to the board of directors , 201d 201ccorporate governance 201d and 201csection 16 ( a ) beneficial ownership reporting compliance , 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .the proxy statement for our 2015 annual meeting will be filed within 120 days of the close of our fiscal year .for the information required by this item 10 with respect to our executive officers , see part i of this report on pages 11 - 12 .item 11 .executive compensation for the information required by this item 11 , see 201cexecutive compensation , 201d 201ccompensation committee report on executive compensation 201d and 201ccompensation committee interlocks and insider participation 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .item 12 .security ownership of certain beneficial owners and management and related stockholder matters for the information required by this item 12 with respect to beneficial ownership of our common stock , see 201csecurity ownership of certain beneficial owners and management 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .the following table sets forth certain information as of december 31 , 2014 regarding our equity plans : plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ( b ) ( c ) equity compensation plans approved by security holders 1233672 $ 75.93 4903018 item 13 .certain relationships and related transactions , and director independence for the information required by this item 13 , see 201ccertain transactions 201d and 201ccorporate governance 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .item 14 .principal accounting fees and services for the information required by this item 14 , see 201caudit and non-audit fees 201d and 201cpolicy on audit committee pre- approval of audit and non-audit services of independent registered public accounting firm 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference. .
Question: what is the number of securities to be issued upon exercise of outstanding options warrants and rights?
Steps: Ask for number 1233672
Answer: 1233672.0
Question: and what is the number of securities remaining available for future issuance under equity compensation plans?
Steps: Ask for number 4903018
Answer: 4903018.0
Question: what is, then, the combined total of those numbers of securities?
Steps: add(1233672, 4903018)
Answer: 6136690.0
Question: what is the number of securities to be issued upon exercise of outstanding options warrants and rights?
| convfinqa2160 |
part iii item 10 .directors , executive officers and corporate governance for the information required by this item 10 , other than information with respect to our executive officers contained at the end of item 1 of this report , see 201celection of directors , 201d 201cnominees for election to the board of directors , 201d 201ccorporate governance 201d and 201csection 16 ( a ) beneficial ownership reporting compliance , 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .the proxy statement for our 2015 annual meeting will be filed within 120 days of the close of our fiscal year .for the information required by this item 10 with respect to our executive officers , see part i of this report on pages 11 - 12 .item 11 .executive compensation for the information required by this item 11 , see 201cexecutive compensation , 201d 201ccompensation committee report on executive compensation 201d and 201ccompensation committee interlocks and insider participation 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .item 12 .security ownership of certain beneficial owners and management and related stockholder matters for the information required by this item 12 with respect to beneficial ownership of our common stock , see 201csecurity ownership of certain beneficial owners and management 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .the following table sets forth certain information as of december 31 , 2014 regarding our equity plans : plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ( b ) ( c ) equity compensation plans approved by security holders 1233672 $ 75.93 4903018 item 13 .certain relationships and related transactions , and director independence for the information required by this item 13 , see 201ccertain transactions 201d and 201ccorporate governance 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .item 14 .principal accounting fees and services for the information required by this item 14 , see 201caudit and non-audit fees 201d and 201cpolicy on audit committee pre- approval of audit and non-audit services of independent registered public accounting firm 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference. . plan category | number of securitiesto be issued uponexercise ofoutstanding options warrants and rights ( a ) ( b ) | weighted-averageexercise price ofoutstanding options warrants and rights | number of securitiesremaining available forfuture issuance underequity compensationplans ( excludingsecurities reflected in column ( a ) ) ( c )
equity compensation plans approved by security holders | 1233672 | $ 75.93 | 4903018 part iii item 10 .directors , executive officers and corporate governance for the information required by this item 10 , other than information with respect to our executive officers contained at the end of item 1 of this report , see 201celection of directors , 201d 201cnominees for election to the board of directors , 201d 201ccorporate governance 201d and 201csection 16 ( a ) beneficial ownership reporting compliance , 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .the proxy statement for our 2015 annual meeting will be filed within 120 days of the close of our fiscal year .for the information required by this item 10 with respect to our executive officers , see part i of this report on pages 11 - 12 .item 11 .executive compensation for the information required by this item 11 , see 201cexecutive compensation , 201d 201ccompensation committee report on executive compensation 201d and 201ccompensation committee interlocks and insider participation 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .item 12 .security ownership of certain beneficial owners and management and related stockholder matters for the information required by this item 12 with respect to beneficial ownership of our common stock , see 201csecurity ownership of certain beneficial owners and management 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .the following table sets forth certain information as of december 31 , 2014 regarding our equity plans : plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ( b ) ( c ) equity compensation plans approved by security holders 1233672 $ 75.93 4903018 item 13 .certain relationships and related transactions , and director independence for the information required by this item 13 , see 201ccertain transactions 201d and 201ccorporate governance 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .item 14 .principal accounting fees and services for the information required by this item 14 , see 201caudit and non-audit fees 201d and 201cpolicy on audit committee pre- approval of audit and non-audit services of independent registered public accounting firm 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference. .
Question: what is the number of securities to be issued upon exercise of outstanding options warrants and rights?
Steps: Ask for number 1233672
Answer: 1233672.0
Question: and what is the number of securities remaining available for future issuance under equity compensation plans?
Steps: Ask for number 4903018
Answer: 4903018.0
Question: what is, then, the combined total of those numbers of securities?
Steps: add(1233672, 4903018)
Answer: 6136690.0
Question: what is the number of securities to be issued upon exercise of outstanding options warrants and rights?
Steps: Ask for number 1233672
Answer: 1233672.0
Question: and how much does this number of securities represent in relation to that combined total?
| 0.20103 | 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.
part iii item 10 .directors , executive officers and corporate governance for the information required by this item 10 , other than information with respect to our executive officers contained at the end of item 1 of this report , see 201celection of directors , 201d 201cnominees for election to the board of directors , 201d 201ccorporate governance 201d and 201csection 16 ( a ) beneficial ownership reporting compliance , 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .the proxy statement for our 2015 annual meeting will be filed within 120 days of the close of our fiscal year .for the information required by this item 10 with respect to our executive officers , see part i of this report on pages 11 - 12 .item 11 .executive compensation for the information required by this item 11 , see 201cexecutive compensation , 201d 201ccompensation committee report on executive compensation 201d and 201ccompensation committee interlocks and insider participation 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .item 12 .security ownership of certain beneficial owners and management and related stockholder matters for the information required by this item 12 with respect to beneficial ownership of our common stock , see 201csecurity ownership of certain beneficial owners and management 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .the following table sets forth certain information as of december 31 , 2014 regarding our equity plans : plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ( b ) ( c ) equity compensation plans approved by security holders 1233672 $ 75.93 4903018 item 13 .certain relationships and related transactions , and director independence for the information required by this item 13 , see 201ccertain transactions 201d and 201ccorporate governance 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .item 14 .principal accounting fees and services for the information required by this item 14 , see 201caudit and non-audit fees 201d and 201cpolicy on audit committee pre- approval of audit and non-audit services of independent registered public accounting firm 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference. . plan category | number of securitiesto be issued uponexercise ofoutstanding options warrants and rights ( a ) ( b ) | weighted-averageexercise price ofoutstanding options warrants and rights | number of securitiesremaining available forfuture issuance underequity compensationplans ( excludingsecurities reflected in column ( a ) ) ( c )
equity compensation plans approved by security holders | 1233672 | $ 75.93 | 4903018 part iii item 10 .directors , executive officers and corporate governance for the information required by this item 10 , other than information with respect to our executive officers contained at the end of item 1 of this report , see 201celection of directors , 201d 201cnominees for election to the board of directors , 201d 201ccorporate governance 201d and 201csection 16 ( a ) beneficial ownership reporting compliance , 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .the proxy statement for our 2015 annual meeting will be filed within 120 days of the close of our fiscal year .for the information required by this item 10 with respect to our executive officers , see part i of this report on pages 11 - 12 .item 11 .executive compensation for the information required by this item 11 , see 201cexecutive compensation , 201d 201ccompensation committee report on executive compensation 201d and 201ccompensation committee interlocks and insider participation 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .item 12 .security ownership of certain beneficial owners and management and related stockholder matters for the information required by this item 12 with respect to beneficial ownership of our common stock , see 201csecurity ownership of certain beneficial owners and management 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .the following table sets forth certain information as of december 31 , 2014 regarding our equity plans : plan category number of securities to be issued upon exercise of outstanding options , warrants and rights weighted-average exercise price of outstanding options , warrants and rights number of securities remaining available for future issuance under equity compensation plans ( excluding securities reflected in column ( a ) ( b ) ( c ) equity compensation plans approved by security holders 1233672 $ 75.93 4903018 item 13 .certain relationships and related transactions , and director independence for the information required by this item 13 , see 201ccertain transactions 201d and 201ccorporate governance 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference .item 14 .principal accounting fees and services for the information required by this item 14 , see 201caudit and non-audit fees 201d and 201cpolicy on audit committee pre- approval of audit and non-audit services of independent registered public accounting firm 201d in the proxy statement for our 2015 annual meeting , which information is incorporated herein by reference. .
Question: what is the number of securities to be issued upon exercise of outstanding options warrants and rights?
Steps: Ask for number 1233672
Answer: 1233672.0
Question: and what is the number of securities remaining available for future issuance under equity compensation plans?
Steps: Ask for number 4903018
Answer: 4903018.0
Question: what is, then, the combined total of those numbers of securities?
Steps: add(1233672, 4903018)
Answer: 6136690.0
Question: what is the number of securities to be issued upon exercise of outstanding options warrants and rights?
Steps: Ask for number 1233672
Answer: 1233672.0
Question: and how much does this number of securities represent in relation to that combined total?
| convfinqa2161 |
determined that it will primarily be subject to the ietu in future periods , and as such it has recorded tax expense of approximately $ 20 million in 2007 for the deferred tax effects of the new ietu system .as of december 31 , 2007 , the company had us federal net operating loss carryforwards of approximately $ 206 million which will begin to expire in 2023 .of this amount , $ 47 million relates to the pre-acquisition period and is subject to limitation .the remaining $ 159 million is subject to limitation as a result of the change in stock ownership in may 2006 .this limitation is not expected to have a material impact on utilization of the net operating loss carryforwards .the company also had foreign net operating loss carryforwards as of december 31 , 2007 of approximately $ 564 million for canada , germany , mexico and other foreign jurisdictions with various expiration dates .net operating losses in canada have various carryforward periods and began expiring in 2007 .net operating losses in germany have no expiration date .net operating losses in mexico have a ten year carryforward period and begin to expire in 2009 .however , these losses are not available for use under the new ietu tax regulations in mexico .as the ietu is the primary system upon which the company will be subject to tax in future periods , no deferred tax asset has been reflected in the balance sheet as of december 31 , 2007 for these income tax loss carryforwards .the company adopted the provisions of fin 48 effective january 1 , 2007 .fin 48 clarifies the accounting for income taxes by prescribing a minimum recognition threshold a tax benefit is required to meet before being recognized in the financial statements .fin 48 also provides guidance on derecognition , measurement , classification , interest and penalties , accounting in interim periods , disclosure and transition .as a result of the implementation of fin 48 , the company increased retained earnings by $ 14 million and decreased goodwill by $ 2 million .in addition , certain tax liabilities for unrecognized tax benefits , as well as related potential penalties and interest , were reclassified from current liabilities to long-term liabilities .liabilities for unrecognized tax benefits as of december 31 , 2007 relate to various us and foreign jurisdictions .a reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows : year ended december 31 , 2007 ( in $ millions ) . | year ended december 31 2007 ( in $ millions )
balance as of january 1 2007 | 193
increases in tax positions for the current year | 2
increases in tax positions for prior years | 28
decreases in tax positions of prior years | -21 ( 21 )
settlements | -2 ( 2 )
balance as of december 31 2007 | 200 included in the unrecognized tax benefits of $ 200 million as of december 31 , 2007 is $ 56 million of tax benefits that , if recognized , would reduce the company 2019s effective tax rate .the company recognizes interest and penalties related to unrecognized tax benefits in the provision for income taxes .as of december 31 , 2007 , the company has recorded a liability of approximately $ 36 million for interest and penalties .this amount includes an increase of approximately $ 13 million for the year ended december 31 , 2007 .the company operates in the united states ( including multiple state jurisdictions ) , germany and approximately 40 other foreign jurisdictions including canada , china , france , mexico and singapore .examinations are ongoing in a number of those jurisdictions including , most significantly , in germany for the years 2001 to 2004 .during the quarter ended march 31 , 2007 , the company received final assessments in germany for the prior examination period , 1997 to 2000 .the effective settlement of those examinations resulted in a reduction to goodwill of approximately $ 42 million with a net expected cash outlay of $ 29 million .the company 2019s celanese corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) %%transmsg*** transmitting job : y48011 pcn : 122000000 ***%%pcmsg|f-49 |00023|yes|no|02/26/2008 22:07|0|0|page is valid , no graphics -- color : d| .
Question: what was the balance of unrecognized tax benefits at the end of 2007?
| 200.0 | 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.
determined that it will primarily be subject to the ietu in future periods , and as such it has recorded tax expense of approximately $ 20 million in 2007 for the deferred tax effects of the new ietu system .as of december 31 , 2007 , the company had us federal net operating loss carryforwards of approximately $ 206 million which will begin to expire in 2023 .of this amount , $ 47 million relates to the pre-acquisition period and is subject to limitation .the remaining $ 159 million is subject to limitation as a result of the change in stock ownership in may 2006 .this limitation is not expected to have a material impact on utilization of the net operating loss carryforwards .the company also had foreign net operating loss carryforwards as of december 31 , 2007 of approximately $ 564 million for canada , germany , mexico and other foreign jurisdictions with various expiration dates .net operating losses in canada have various carryforward periods and began expiring in 2007 .net operating losses in germany have no expiration date .net operating losses in mexico have a ten year carryforward period and begin to expire in 2009 .however , these losses are not available for use under the new ietu tax regulations in mexico .as the ietu is the primary system upon which the company will be subject to tax in future periods , no deferred tax asset has been reflected in the balance sheet as of december 31 , 2007 for these income tax loss carryforwards .the company adopted the provisions of fin 48 effective january 1 , 2007 .fin 48 clarifies the accounting for income taxes by prescribing a minimum recognition threshold a tax benefit is required to meet before being recognized in the financial statements .fin 48 also provides guidance on derecognition , measurement , classification , interest and penalties , accounting in interim periods , disclosure and transition .as a result of the implementation of fin 48 , the company increased retained earnings by $ 14 million and decreased goodwill by $ 2 million .in addition , certain tax liabilities for unrecognized tax benefits , as well as related potential penalties and interest , were reclassified from current liabilities to long-term liabilities .liabilities for unrecognized tax benefits as of december 31 , 2007 relate to various us and foreign jurisdictions .a reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows : year ended december 31 , 2007 ( in $ millions ) . | year ended december 31 2007 ( in $ millions )
balance as of january 1 2007 | 193
increases in tax positions for the current year | 2
increases in tax positions for prior years | 28
decreases in tax positions of prior years | -21 ( 21 )
settlements | -2 ( 2 )
balance as of december 31 2007 | 200 included in the unrecognized tax benefits of $ 200 million as of december 31 , 2007 is $ 56 million of tax benefits that , if recognized , would reduce the company 2019s effective tax rate .the company recognizes interest and penalties related to unrecognized tax benefits in the provision for income taxes .as of december 31 , 2007 , the company has recorded a liability of approximately $ 36 million for interest and penalties .this amount includes an increase of approximately $ 13 million for the year ended december 31 , 2007 .the company operates in the united states ( including multiple state jurisdictions ) , germany and approximately 40 other foreign jurisdictions including canada , china , france , mexico and singapore .examinations are ongoing in a number of those jurisdictions including , most significantly , in germany for the years 2001 to 2004 .during the quarter ended march 31 , 2007 , the company received final assessments in germany for the prior examination period , 1997 to 2000 .the effective settlement of those examinations resulted in a reduction to goodwill of approximately $ 42 million with a net expected cash outlay of $ 29 million .the company 2019s celanese corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) %%transmsg*** transmitting job : y48011 pcn : 122000000 ***%%pcmsg|f-49 |00023|yes|no|02/26/2008 22:07|0|0|page is valid , no graphics -- color : d| .
Question: what was the balance of unrecognized tax benefits at the end of 2007?
| convfinqa2162 |
determined that it will primarily be subject to the ietu in future periods , and as such it has recorded tax expense of approximately $ 20 million in 2007 for the deferred tax effects of the new ietu system .as of december 31 , 2007 , the company had us federal net operating loss carryforwards of approximately $ 206 million which will begin to expire in 2023 .of this amount , $ 47 million relates to the pre-acquisition period and is subject to limitation .the remaining $ 159 million is subject to limitation as a result of the change in stock ownership in may 2006 .this limitation is not expected to have a material impact on utilization of the net operating loss carryforwards .the company also had foreign net operating loss carryforwards as of december 31 , 2007 of approximately $ 564 million for canada , germany , mexico and other foreign jurisdictions with various expiration dates .net operating losses in canada have various carryforward periods and began expiring in 2007 .net operating losses in germany have no expiration date .net operating losses in mexico have a ten year carryforward period and begin to expire in 2009 .however , these losses are not available for use under the new ietu tax regulations in mexico .as the ietu is the primary system upon which the company will be subject to tax in future periods , no deferred tax asset has been reflected in the balance sheet as of december 31 , 2007 for these income tax loss carryforwards .the company adopted the provisions of fin 48 effective january 1 , 2007 .fin 48 clarifies the accounting for income taxes by prescribing a minimum recognition threshold a tax benefit is required to meet before being recognized in the financial statements .fin 48 also provides guidance on derecognition , measurement , classification , interest and penalties , accounting in interim periods , disclosure and transition .as a result of the implementation of fin 48 , the company increased retained earnings by $ 14 million and decreased goodwill by $ 2 million .in addition , certain tax liabilities for unrecognized tax benefits , as well as related potential penalties and interest , were reclassified from current liabilities to long-term liabilities .liabilities for unrecognized tax benefits as of december 31 , 2007 relate to various us and foreign jurisdictions .a reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows : year ended december 31 , 2007 ( in $ millions ) . | year ended december 31 2007 ( in $ millions )
balance as of january 1 2007 | 193
increases in tax positions for the current year | 2
increases in tax positions for prior years | 28
decreases in tax positions of prior years | -21 ( 21 )
settlements | -2 ( 2 )
balance as of december 31 2007 | 200 included in the unrecognized tax benefits of $ 200 million as of december 31 , 2007 is $ 56 million of tax benefits that , if recognized , would reduce the company 2019s effective tax rate .the company recognizes interest and penalties related to unrecognized tax benefits in the provision for income taxes .as of december 31 , 2007 , the company has recorded a liability of approximately $ 36 million for interest and penalties .this amount includes an increase of approximately $ 13 million for the year ended december 31 , 2007 .the company operates in the united states ( including multiple state jurisdictions ) , germany and approximately 40 other foreign jurisdictions including canada , china , france , mexico and singapore .examinations are ongoing in a number of those jurisdictions including , most significantly , in germany for the years 2001 to 2004 .during the quarter ended march 31 , 2007 , the company received final assessments in germany for the prior examination period , 1997 to 2000 .the effective settlement of those examinations resulted in a reduction to goodwill of approximately $ 42 million with a net expected cash outlay of $ 29 million .the company 2019s celanese corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) %%transmsg*** transmitting job : y48011 pcn : 122000000 ***%%pcmsg|f-49 |00023|yes|no|02/26/2008 22:07|0|0|page is valid , no graphics -- color : d| .
Question: what was the balance of unrecognized tax benefits at the end of 2007?
Steps: Ask for number 200
Answer: 200.0
Question: what was the balance at the start of 2007?
| 193.0 | 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.
determined that it will primarily be subject to the ietu in future periods , and as such it has recorded tax expense of approximately $ 20 million in 2007 for the deferred tax effects of the new ietu system .as of december 31 , 2007 , the company had us federal net operating loss carryforwards of approximately $ 206 million which will begin to expire in 2023 .of this amount , $ 47 million relates to the pre-acquisition period and is subject to limitation .the remaining $ 159 million is subject to limitation as a result of the change in stock ownership in may 2006 .this limitation is not expected to have a material impact on utilization of the net operating loss carryforwards .the company also had foreign net operating loss carryforwards as of december 31 , 2007 of approximately $ 564 million for canada , germany , mexico and other foreign jurisdictions with various expiration dates .net operating losses in canada have various carryforward periods and began expiring in 2007 .net operating losses in germany have no expiration date .net operating losses in mexico have a ten year carryforward period and begin to expire in 2009 .however , these losses are not available for use under the new ietu tax regulations in mexico .as the ietu is the primary system upon which the company will be subject to tax in future periods , no deferred tax asset has been reflected in the balance sheet as of december 31 , 2007 for these income tax loss carryforwards .the company adopted the provisions of fin 48 effective january 1 , 2007 .fin 48 clarifies the accounting for income taxes by prescribing a minimum recognition threshold a tax benefit is required to meet before being recognized in the financial statements .fin 48 also provides guidance on derecognition , measurement , classification , interest and penalties , accounting in interim periods , disclosure and transition .as a result of the implementation of fin 48 , the company increased retained earnings by $ 14 million and decreased goodwill by $ 2 million .in addition , certain tax liabilities for unrecognized tax benefits , as well as related potential penalties and interest , were reclassified from current liabilities to long-term liabilities .liabilities for unrecognized tax benefits as of december 31 , 2007 relate to various us and foreign jurisdictions .a reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows : year ended december 31 , 2007 ( in $ millions ) . | year ended december 31 2007 ( in $ millions )
balance as of january 1 2007 | 193
increases in tax positions for the current year | 2
increases in tax positions for prior years | 28
decreases in tax positions of prior years | -21 ( 21 )
settlements | -2 ( 2 )
balance as of december 31 2007 | 200 included in the unrecognized tax benefits of $ 200 million as of december 31 , 2007 is $ 56 million of tax benefits that , if recognized , would reduce the company 2019s effective tax rate .the company recognizes interest and penalties related to unrecognized tax benefits in the provision for income taxes .as of december 31 , 2007 , the company has recorded a liability of approximately $ 36 million for interest and penalties .this amount includes an increase of approximately $ 13 million for the year ended december 31 , 2007 .the company operates in the united states ( including multiple state jurisdictions ) , germany and approximately 40 other foreign jurisdictions including canada , china , france , mexico and singapore .examinations are ongoing in a number of those jurisdictions including , most significantly , in germany for the years 2001 to 2004 .during the quarter ended march 31 , 2007 , the company received final assessments in germany for the prior examination period , 1997 to 2000 .the effective settlement of those examinations resulted in a reduction to goodwill of approximately $ 42 million with a net expected cash outlay of $ 29 million .the company 2019s celanese corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) %%transmsg*** transmitting job : y48011 pcn : 122000000 ***%%pcmsg|f-49 |00023|yes|no|02/26/2008 22:07|0|0|page is valid , no graphics -- color : d| .
Question: what was the balance of unrecognized tax benefits at the end of 2007?
Steps: Ask for number 200
Answer: 200.0
Question: what was the balance at the start of 2007?
| convfinqa2163 |
determined that it will primarily be subject to the ietu in future periods , and as such it has recorded tax expense of approximately $ 20 million in 2007 for the deferred tax effects of the new ietu system .as of december 31 , 2007 , the company had us federal net operating loss carryforwards of approximately $ 206 million which will begin to expire in 2023 .of this amount , $ 47 million relates to the pre-acquisition period and is subject to limitation .the remaining $ 159 million is subject to limitation as a result of the change in stock ownership in may 2006 .this limitation is not expected to have a material impact on utilization of the net operating loss carryforwards .the company also had foreign net operating loss carryforwards as of december 31 , 2007 of approximately $ 564 million for canada , germany , mexico and other foreign jurisdictions with various expiration dates .net operating losses in canada have various carryforward periods and began expiring in 2007 .net operating losses in germany have no expiration date .net operating losses in mexico have a ten year carryforward period and begin to expire in 2009 .however , these losses are not available for use under the new ietu tax regulations in mexico .as the ietu is the primary system upon which the company will be subject to tax in future periods , no deferred tax asset has been reflected in the balance sheet as of december 31 , 2007 for these income tax loss carryforwards .the company adopted the provisions of fin 48 effective january 1 , 2007 .fin 48 clarifies the accounting for income taxes by prescribing a minimum recognition threshold a tax benefit is required to meet before being recognized in the financial statements .fin 48 also provides guidance on derecognition , measurement , classification , interest and penalties , accounting in interim periods , disclosure and transition .as a result of the implementation of fin 48 , the company increased retained earnings by $ 14 million and decreased goodwill by $ 2 million .in addition , certain tax liabilities for unrecognized tax benefits , as well as related potential penalties and interest , were reclassified from current liabilities to long-term liabilities .liabilities for unrecognized tax benefits as of december 31 , 2007 relate to various us and foreign jurisdictions .a reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows : year ended december 31 , 2007 ( in $ millions ) . | year ended december 31 2007 ( in $ millions )
balance as of january 1 2007 | 193
increases in tax positions for the current year | 2
increases in tax positions for prior years | 28
decreases in tax positions of prior years | -21 ( 21 )
settlements | -2 ( 2 )
balance as of december 31 2007 | 200 included in the unrecognized tax benefits of $ 200 million as of december 31 , 2007 is $ 56 million of tax benefits that , if recognized , would reduce the company 2019s effective tax rate .the company recognizes interest and penalties related to unrecognized tax benefits in the provision for income taxes .as of december 31 , 2007 , the company has recorded a liability of approximately $ 36 million for interest and penalties .this amount includes an increase of approximately $ 13 million for the year ended december 31 , 2007 .the company operates in the united states ( including multiple state jurisdictions ) , germany and approximately 40 other foreign jurisdictions including canada , china , france , mexico and singapore .examinations are ongoing in a number of those jurisdictions including , most significantly , in germany for the years 2001 to 2004 .during the quarter ended march 31 , 2007 , the company received final assessments in germany for the prior examination period , 1997 to 2000 .the effective settlement of those examinations resulted in a reduction to goodwill of approximately $ 42 million with a net expected cash outlay of $ 29 million .the company 2019s celanese corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) %%transmsg*** transmitting job : y48011 pcn : 122000000 ***%%pcmsg|f-49 |00023|yes|no|02/26/2008 22:07|0|0|page is valid , no graphics -- color : d| .
Question: what was the balance of unrecognized tax benefits at the end of 2007?
Steps: Ask for number 200
Answer: 200.0
Question: what was the balance at the start of 2007?
Steps: Ask for number 193
Answer: 193.0
Question: what was the net change?
| 7.0 | 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.
determined that it will primarily be subject to the ietu in future periods , and as such it has recorded tax expense of approximately $ 20 million in 2007 for the deferred tax effects of the new ietu system .as of december 31 , 2007 , the company had us federal net operating loss carryforwards of approximately $ 206 million which will begin to expire in 2023 .of this amount , $ 47 million relates to the pre-acquisition period and is subject to limitation .the remaining $ 159 million is subject to limitation as a result of the change in stock ownership in may 2006 .this limitation is not expected to have a material impact on utilization of the net operating loss carryforwards .the company also had foreign net operating loss carryforwards as of december 31 , 2007 of approximately $ 564 million for canada , germany , mexico and other foreign jurisdictions with various expiration dates .net operating losses in canada have various carryforward periods and began expiring in 2007 .net operating losses in germany have no expiration date .net operating losses in mexico have a ten year carryforward period and begin to expire in 2009 .however , these losses are not available for use under the new ietu tax regulations in mexico .as the ietu is the primary system upon which the company will be subject to tax in future periods , no deferred tax asset has been reflected in the balance sheet as of december 31 , 2007 for these income tax loss carryforwards .the company adopted the provisions of fin 48 effective january 1 , 2007 .fin 48 clarifies the accounting for income taxes by prescribing a minimum recognition threshold a tax benefit is required to meet before being recognized in the financial statements .fin 48 also provides guidance on derecognition , measurement , classification , interest and penalties , accounting in interim periods , disclosure and transition .as a result of the implementation of fin 48 , the company increased retained earnings by $ 14 million and decreased goodwill by $ 2 million .in addition , certain tax liabilities for unrecognized tax benefits , as well as related potential penalties and interest , were reclassified from current liabilities to long-term liabilities .liabilities for unrecognized tax benefits as of december 31 , 2007 relate to various us and foreign jurisdictions .a reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows : year ended december 31 , 2007 ( in $ millions ) . | year ended december 31 2007 ( in $ millions )
balance as of january 1 2007 | 193
increases in tax positions for the current year | 2
increases in tax positions for prior years | 28
decreases in tax positions of prior years | -21 ( 21 )
settlements | -2 ( 2 )
balance as of december 31 2007 | 200 included in the unrecognized tax benefits of $ 200 million as of december 31 , 2007 is $ 56 million of tax benefits that , if recognized , would reduce the company 2019s effective tax rate .the company recognizes interest and penalties related to unrecognized tax benefits in the provision for income taxes .as of december 31 , 2007 , the company has recorded a liability of approximately $ 36 million for interest and penalties .this amount includes an increase of approximately $ 13 million for the year ended december 31 , 2007 .the company operates in the united states ( including multiple state jurisdictions ) , germany and approximately 40 other foreign jurisdictions including canada , china , france , mexico and singapore .examinations are ongoing in a number of those jurisdictions including , most significantly , in germany for the years 2001 to 2004 .during the quarter ended march 31 , 2007 , the company received final assessments in germany for the prior examination period , 1997 to 2000 .the effective settlement of those examinations resulted in a reduction to goodwill of approximately $ 42 million with a net expected cash outlay of $ 29 million .the company 2019s celanese corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) %%transmsg*** transmitting job : y48011 pcn : 122000000 ***%%pcmsg|f-49 |00023|yes|no|02/26/2008 22:07|0|0|page is valid , no graphics -- color : d| .
Question: what was the balance of unrecognized tax benefits at the end of 2007?
Steps: Ask for number 200
Answer: 200.0
Question: what was the balance at the start of 2007?
Steps: Ask for number 193
Answer: 193.0
Question: what was the net change?
| convfinqa2164 |
determined that it will primarily be subject to the ietu in future periods , and as such it has recorded tax expense of approximately $ 20 million in 2007 for the deferred tax effects of the new ietu system .as of december 31 , 2007 , the company had us federal net operating loss carryforwards of approximately $ 206 million which will begin to expire in 2023 .of this amount , $ 47 million relates to the pre-acquisition period and is subject to limitation .the remaining $ 159 million is subject to limitation as a result of the change in stock ownership in may 2006 .this limitation is not expected to have a material impact on utilization of the net operating loss carryforwards .the company also had foreign net operating loss carryforwards as of december 31 , 2007 of approximately $ 564 million for canada , germany , mexico and other foreign jurisdictions with various expiration dates .net operating losses in canada have various carryforward periods and began expiring in 2007 .net operating losses in germany have no expiration date .net operating losses in mexico have a ten year carryforward period and begin to expire in 2009 .however , these losses are not available for use under the new ietu tax regulations in mexico .as the ietu is the primary system upon which the company will be subject to tax in future periods , no deferred tax asset has been reflected in the balance sheet as of december 31 , 2007 for these income tax loss carryforwards .the company adopted the provisions of fin 48 effective january 1 , 2007 .fin 48 clarifies the accounting for income taxes by prescribing a minimum recognition threshold a tax benefit is required to meet before being recognized in the financial statements .fin 48 also provides guidance on derecognition , measurement , classification , interest and penalties , accounting in interim periods , disclosure and transition .as a result of the implementation of fin 48 , the company increased retained earnings by $ 14 million and decreased goodwill by $ 2 million .in addition , certain tax liabilities for unrecognized tax benefits , as well as related potential penalties and interest , were reclassified from current liabilities to long-term liabilities .liabilities for unrecognized tax benefits as of december 31 , 2007 relate to various us and foreign jurisdictions .a reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows : year ended december 31 , 2007 ( in $ millions ) . | year ended december 31 2007 ( in $ millions )
balance as of january 1 2007 | 193
increases in tax positions for the current year | 2
increases in tax positions for prior years | 28
decreases in tax positions of prior years | -21 ( 21 )
settlements | -2 ( 2 )
balance as of december 31 2007 | 200 included in the unrecognized tax benefits of $ 200 million as of december 31 , 2007 is $ 56 million of tax benefits that , if recognized , would reduce the company 2019s effective tax rate .the company recognizes interest and penalties related to unrecognized tax benefits in the provision for income taxes .as of december 31 , 2007 , the company has recorded a liability of approximately $ 36 million for interest and penalties .this amount includes an increase of approximately $ 13 million for the year ended december 31 , 2007 .the company operates in the united states ( including multiple state jurisdictions ) , germany and approximately 40 other foreign jurisdictions including canada , china , france , mexico and singapore .examinations are ongoing in a number of those jurisdictions including , most significantly , in germany for the years 2001 to 2004 .during the quarter ended march 31 , 2007 , the company received final assessments in germany for the prior examination period , 1997 to 2000 .the effective settlement of those examinations resulted in a reduction to goodwill of approximately $ 42 million with a net expected cash outlay of $ 29 million .the company 2019s celanese corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) %%transmsg*** transmitting job : y48011 pcn : 122000000 ***%%pcmsg|f-49 |00023|yes|no|02/26/2008 22:07|0|0|page is valid , no graphics -- color : d| .
Question: what was the balance of unrecognized tax benefits at the end of 2007?
Steps: Ask for number 200
Answer: 200.0
Question: what was the balance at the start of 2007?
Steps: Ask for number 193
Answer: 193.0
Question: what was the net change?
Steps: subtract(200, 193)
Answer: 7.0
Question: what was the percent change during the year?
| 0.03627 | 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.
determined that it will primarily be subject to the ietu in future periods , and as such it has recorded tax expense of approximately $ 20 million in 2007 for the deferred tax effects of the new ietu system .as of december 31 , 2007 , the company had us federal net operating loss carryforwards of approximately $ 206 million which will begin to expire in 2023 .of this amount , $ 47 million relates to the pre-acquisition period and is subject to limitation .the remaining $ 159 million is subject to limitation as a result of the change in stock ownership in may 2006 .this limitation is not expected to have a material impact on utilization of the net operating loss carryforwards .the company also had foreign net operating loss carryforwards as of december 31 , 2007 of approximately $ 564 million for canada , germany , mexico and other foreign jurisdictions with various expiration dates .net operating losses in canada have various carryforward periods and began expiring in 2007 .net operating losses in germany have no expiration date .net operating losses in mexico have a ten year carryforward period and begin to expire in 2009 .however , these losses are not available for use under the new ietu tax regulations in mexico .as the ietu is the primary system upon which the company will be subject to tax in future periods , no deferred tax asset has been reflected in the balance sheet as of december 31 , 2007 for these income tax loss carryforwards .the company adopted the provisions of fin 48 effective january 1 , 2007 .fin 48 clarifies the accounting for income taxes by prescribing a minimum recognition threshold a tax benefit is required to meet before being recognized in the financial statements .fin 48 also provides guidance on derecognition , measurement , classification , interest and penalties , accounting in interim periods , disclosure and transition .as a result of the implementation of fin 48 , the company increased retained earnings by $ 14 million and decreased goodwill by $ 2 million .in addition , certain tax liabilities for unrecognized tax benefits , as well as related potential penalties and interest , were reclassified from current liabilities to long-term liabilities .liabilities for unrecognized tax benefits as of december 31 , 2007 relate to various us and foreign jurisdictions .a reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows : year ended december 31 , 2007 ( in $ millions ) . | year ended december 31 2007 ( in $ millions )
balance as of january 1 2007 | 193
increases in tax positions for the current year | 2
increases in tax positions for prior years | 28
decreases in tax positions of prior years | -21 ( 21 )
settlements | -2 ( 2 )
balance as of december 31 2007 | 200 included in the unrecognized tax benefits of $ 200 million as of december 31 , 2007 is $ 56 million of tax benefits that , if recognized , would reduce the company 2019s effective tax rate .the company recognizes interest and penalties related to unrecognized tax benefits in the provision for income taxes .as of december 31 , 2007 , the company has recorded a liability of approximately $ 36 million for interest and penalties .this amount includes an increase of approximately $ 13 million for the year ended december 31 , 2007 .the company operates in the united states ( including multiple state jurisdictions ) , germany and approximately 40 other foreign jurisdictions including canada , china , france , mexico and singapore .examinations are ongoing in a number of those jurisdictions including , most significantly , in germany for the years 2001 to 2004 .during the quarter ended march 31 , 2007 , the company received final assessments in germany for the prior examination period , 1997 to 2000 .the effective settlement of those examinations resulted in a reduction to goodwill of approximately $ 42 million with a net expected cash outlay of $ 29 million .the company 2019s celanese corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) %%transmsg*** transmitting job : y48011 pcn : 122000000 ***%%pcmsg|f-49 |00023|yes|no|02/26/2008 22:07|0|0|page is valid , no graphics -- color : d| .
Question: what was the balance of unrecognized tax benefits at the end of 2007?
Steps: Ask for number 200
Answer: 200.0
Question: what was the balance at the start of 2007?
Steps: Ask for number 193
Answer: 193.0
Question: what was the net change?
Steps: subtract(200, 193)
Answer: 7.0
Question: what was the percent change during the year?
| convfinqa2165 |
approximately $ 32 million of federal tax payments were deferred and paid in 2009 as a result of the allied acquisition .the following table summarizes the activity in our gross unrecognized tax benefits for the years ended december 31: . | 2010 | 2009 | 2008
balance at beginning of year | $ 242.2 | $ 611.9 | $ 23.2
additions due to the allied acquisition | - | 13.3 | 582.9
additions based on tax positions related to current year | 2.8 | 3.9 | 10.6
reductions for tax positions related to the current year | - | - | -5.1 ( 5.1 )
additions for tax positions of prior years | 7.5 | 5.6 | 2.0
reductions for tax positions of prior years | -7.4 ( 7.4 ) | -24.1 ( 24.1 ) | -1.3 ( 1.3 )
reductions for tax positions resulting from lapse of statute of limitations | -10.4 ( 10.4 ) | -0.5 ( 0.5 ) | -0.4 ( 0.4 )
settlements | -11.9 ( 11.9 ) | -367.9 ( 367.9 ) | -
balance at end of year | $ 222.8 | $ 242.2 | $ 611.9 new accounting guidance for business combinations became effective for our 2009 financial statements .this new guidance changed the treatment of acquired uncertain tax liabilities .under previous guidance , changes in acquired uncertain tax liabilities were recognized through goodwill .under the new guidance , subsequent changes in acquired unrecognized tax liabilities are recognized through the income tax provision .as of december 31 , 2010 , $ 206.5 million of the $ 222.8 million of unrecognized tax benefits related to tax positions taken by allied prior to the 2008 acquisition .included in the balance at december 31 , 2010 and 2009 are approximately $ 209.1 million and $ 217.6 million of unrecognized tax benefits ( net of the federal benefit on state issues ) that , if recognized , would affect the effective income tax rate in future periods .during 2010 , the irs concluded its examination of our 2005 and 2007 tax years .the conclusion of this examination reduced our gross unrecognized tax benefits by approximately $ 1.9 million .we also resolved various state matters during 2010 that , in the aggregate , reduced our gross unrecognized tax benefits by approximately $ 10.0 million .during 2009 , we settled our outstanding tax dispute related to allied 2019s risk management companies ( see 2013 risk management companies ) with both the department of justice ( doj ) and the internal revenue service ( irs ) .this settlement reduced our gross unrecognized tax benefits by approximately $ 299.6 million .during 2009 , we also settled with the irs , through an accounting method change , our outstanding tax dispute related to intercompany insurance premiums paid to allied 2019s captive insurance company .this settlement reduced our gross unrecognized tax benefits by approximately $ 62.6 million .in addition to these federal matters , we also resolved various state matters that , in the aggregate , reduced our gross unrecognized tax benefits during 2009 by approximately $ 5.8 million .we recognize interest and penalties as incurred within the provision for income taxes in our consolidated statements of income .related to the unrecognized tax benefits previously noted , we accrued interest of $ 19.2 million during 2010 and , in total as of december 31 , 2010 , have recognized a liability for penalties of $ 1.2 million and interest of $ 99.9 million .during 2009 , we accrued interest of $ 24.5 million and , in total at december 31 , 2009 , had recognized a liability for penalties of $ 1.5 million and interest of $ 92.3 million .during 2008 , we accrued penalties of $ 0.2 million and interest of $ 5.2 million and , in total at december 31 , 2008 , had recognized a liability for penalties of $ 88.1 million and interest of $ 180.0 million .republic services , inc .notes to consolidated financial statements , continued .
Question: what was the change in gross unrecognized tax benefits from 2009 to 2010?
| -19.4 | 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.
approximately $ 32 million of federal tax payments were deferred and paid in 2009 as a result of the allied acquisition .the following table summarizes the activity in our gross unrecognized tax benefits for the years ended december 31: . | 2010 | 2009 | 2008
balance at beginning of year | $ 242.2 | $ 611.9 | $ 23.2
additions due to the allied acquisition | - | 13.3 | 582.9
additions based on tax positions related to current year | 2.8 | 3.9 | 10.6
reductions for tax positions related to the current year | - | - | -5.1 ( 5.1 )
additions for tax positions of prior years | 7.5 | 5.6 | 2.0
reductions for tax positions of prior years | -7.4 ( 7.4 ) | -24.1 ( 24.1 ) | -1.3 ( 1.3 )
reductions for tax positions resulting from lapse of statute of limitations | -10.4 ( 10.4 ) | -0.5 ( 0.5 ) | -0.4 ( 0.4 )
settlements | -11.9 ( 11.9 ) | -367.9 ( 367.9 ) | -
balance at end of year | $ 222.8 | $ 242.2 | $ 611.9 new accounting guidance for business combinations became effective for our 2009 financial statements .this new guidance changed the treatment of acquired uncertain tax liabilities .under previous guidance , changes in acquired uncertain tax liabilities were recognized through goodwill .under the new guidance , subsequent changes in acquired unrecognized tax liabilities are recognized through the income tax provision .as of december 31 , 2010 , $ 206.5 million of the $ 222.8 million of unrecognized tax benefits related to tax positions taken by allied prior to the 2008 acquisition .included in the balance at december 31 , 2010 and 2009 are approximately $ 209.1 million and $ 217.6 million of unrecognized tax benefits ( net of the federal benefit on state issues ) that , if recognized , would affect the effective income tax rate in future periods .during 2010 , the irs concluded its examination of our 2005 and 2007 tax years .the conclusion of this examination reduced our gross unrecognized tax benefits by approximately $ 1.9 million .we also resolved various state matters during 2010 that , in the aggregate , reduced our gross unrecognized tax benefits by approximately $ 10.0 million .during 2009 , we settled our outstanding tax dispute related to allied 2019s risk management companies ( see 2013 risk management companies ) with both the department of justice ( doj ) and the internal revenue service ( irs ) .this settlement reduced our gross unrecognized tax benefits by approximately $ 299.6 million .during 2009 , we also settled with the irs , through an accounting method change , our outstanding tax dispute related to intercompany insurance premiums paid to allied 2019s captive insurance company .this settlement reduced our gross unrecognized tax benefits by approximately $ 62.6 million .in addition to these federal matters , we also resolved various state matters that , in the aggregate , reduced our gross unrecognized tax benefits during 2009 by approximately $ 5.8 million .we recognize interest and penalties as incurred within the provision for income taxes in our consolidated statements of income .related to the unrecognized tax benefits previously noted , we accrued interest of $ 19.2 million during 2010 and , in total as of december 31 , 2010 , have recognized a liability for penalties of $ 1.2 million and interest of $ 99.9 million .during 2009 , we accrued interest of $ 24.5 million and , in total at december 31 , 2009 , had recognized a liability for penalties of $ 1.5 million and interest of $ 92.3 million .during 2008 , we accrued penalties of $ 0.2 million and interest of $ 5.2 million and , in total at december 31 , 2008 , had recognized a liability for penalties of $ 88.1 million and interest of $ 180.0 million .republic services , inc .notes to consolidated financial statements , continued .
Question: what was the change in gross unrecognized tax benefits from 2009 to 2010?
| convfinqa2166 |
approximately $ 32 million of federal tax payments were deferred and paid in 2009 as a result of the allied acquisition .the following table summarizes the activity in our gross unrecognized tax benefits for the years ended december 31: . | 2010 | 2009 | 2008
balance at beginning of year | $ 242.2 | $ 611.9 | $ 23.2
additions due to the allied acquisition | - | 13.3 | 582.9
additions based on tax positions related to current year | 2.8 | 3.9 | 10.6
reductions for tax positions related to the current year | - | - | -5.1 ( 5.1 )
additions for tax positions of prior years | 7.5 | 5.6 | 2.0
reductions for tax positions of prior years | -7.4 ( 7.4 ) | -24.1 ( 24.1 ) | -1.3 ( 1.3 )
reductions for tax positions resulting from lapse of statute of limitations | -10.4 ( 10.4 ) | -0.5 ( 0.5 ) | -0.4 ( 0.4 )
settlements | -11.9 ( 11.9 ) | -367.9 ( 367.9 ) | -
balance at end of year | $ 222.8 | $ 242.2 | $ 611.9 new accounting guidance for business combinations became effective for our 2009 financial statements .this new guidance changed the treatment of acquired uncertain tax liabilities .under previous guidance , changes in acquired uncertain tax liabilities were recognized through goodwill .under the new guidance , subsequent changes in acquired unrecognized tax liabilities are recognized through the income tax provision .as of december 31 , 2010 , $ 206.5 million of the $ 222.8 million of unrecognized tax benefits related to tax positions taken by allied prior to the 2008 acquisition .included in the balance at december 31 , 2010 and 2009 are approximately $ 209.1 million and $ 217.6 million of unrecognized tax benefits ( net of the federal benefit on state issues ) that , if recognized , would affect the effective income tax rate in future periods .during 2010 , the irs concluded its examination of our 2005 and 2007 tax years .the conclusion of this examination reduced our gross unrecognized tax benefits by approximately $ 1.9 million .we also resolved various state matters during 2010 that , in the aggregate , reduced our gross unrecognized tax benefits by approximately $ 10.0 million .during 2009 , we settled our outstanding tax dispute related to allied 2019s risk management companies ( see 2013 risk management companies ) with both the department of justice ( doj ) and the internal revenue service ( irs ) .this settlement reduced our gross unrecognized tax benefits by approximately $ 299.6 million .during 2009 , we also settled with the irs , through an accounting method change , our outstanding tax dispute related to intercompany insurance premiums paid to allied 2019s captive insurance company .this settlement reduced our gross unrecognized tax benefits by approximately $ 62.6 million .in addition to these federal matters , we also resolved various state matters that , in the aggregate , reduced our gross unrecognized tax benefits during 2009 by approximately $ 5.8 million .we recognize interest and penalties as incurred within the provision for income taxes in our consolidated statements of income .related to the unrecognized tax benefits previously noted , we accrued interest of $ 19.2 million during 2010 and , in total as of december 31 , 2010 , have recognized a liability for penalties of $ 1.2 million and interest of $ 99.9 million .during 2009 , we accrued interest of $ 24.5 million and , in total at december 31 , 2009 , had recognized a liability for penalties of $ 1.5 million and interest of $ 92.3 million .during 2008 , we accrued penalties of $ 0.2 million and interest of $ 5.2 million and , in total at december 31 , 2008 , had recognized a liability for penalties of $ 88.1 million and interest of $ 180.0 million .republic services , inc .notes to consolidated financial statements , continued .
Question: what was the change in gross unrecognized tax benefits from 2009 to 2010?
Steps: subtract(222.8, 242.2)
Answer: -19.4
Question: and how much does this change represent in relation to the gross unrecognized tax benefits in 2009, in percentage?
| -0.0801 | 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.
approximately $ 32 million of federal tax payments were deferred and paid in 2009 as a result of the allied acquisition .the following table summarizes the activity in our gross unrecognized tax benefits for the years ended december 31: . | 2010 | 2009 | 2008
balance at beginning of year | $ 242.2 | $ 611.9 | $ 23.2
additions due to the allied acquisition | - | 13.3 | 582.9
additions based on tax positions related to current year | 2.8 | 3.9 | 10.6
reductions for tax positions related to the current year | - | - | -5.1 ( 5.1 )
additions for tax positions of prior years | 7.5 | 5.6 | 2.0
reductions for tax positions of prior years | -7.4 ( 7.4 ) | -24.1 ( 24.1 ) | -1.3 ( 1.3 )
reductions for tax positions resulting from lapse of statute of limitations | -10.4 ( 10.4 ) | -0.5 ( 0.5 ) | -0.4 ( 0.4 )
settlements | -11.9 ( 11.9 ) | -367.9 ( 367.9 ) | -
balance at end of year | $ 222.8 | $ 242.2 | $ 611.9 new accounting guidance for business combinations became effective for our 2009 financial statements .this new guidance changed the treatment of acquired uncertain tax liabilities .under previous guidance , changes in acquired uncertain tax liabilities were recognized through goodwill .under the new guidance , subsequent changes in acquired unrecognized tax liabilities are recognized through the income tax provision .as of december 31 , 2010 , $ 206.5 million of the $ 222.8 million of unrecognized tax benefits related to tax positions taken by allied prior to the 2008 acquisition .included in the balance at december 31 , 2010 and 2009 are approximately $ 209.1 million and $ 217.6 million of unrecognized tax benefits ( net of the federal benefit on state issues ) that , if recognized , would affect the effective income tax rate in future periods .during 2010 , the irs concluded its examination of our 2005 and 2007 tax years .the conclusion of this examination reduced our gross unrecognized tax benefits by approximately $ 1.9 million .we also resolved various state matters during 2010 that , in the aggregate , reduced our gross unrecognized tax benefits by approximately $ 10.0 million .during 2009 , we settled our outstanding tax dispute related to allied 2019s risk management companies ( see 2013 risk management companies ) with both the department of justice ( doj ) and the internal revenue service ( irs ) .this settlement reduced our gross unrecognized tax benefits by approximately $ 299.6 million .during 2009 , we also settled with the irs , through an accounting method change , our outstanding tax dispute related to intercompany insurance premiums paid to allied 2019s captive insurance company .this settlement reduced our gross unrecognized tax benefits by approximately $ 62.6 million .in addition to these federal matters , we also resolved various state matters that , in the aggregate , reduced our gross unrecognized tax benefits during 2009 by approximately $ 5.8 million .we recognize interest and penalties as incurred within the provision for income taxes in our consolidated statements of income .related to the unrecognized tax benefits previously noted , we accrued interest of $ 19.2 million during 2010 and , in total as of december 31 , 2010 , have recognized a liability for penalties of $ 1.2 million and interest of $ 99.9 million .during 2009 , we accrued interest of $ 24.5 million and , in total at december 31 , 2009 , had recognized a liability for penalties of $ 1.5 million and interest of $ 92.3 million .during 2008 , we accrued penalties of $ 0.2 million and interest of $ 5.2 million and , in total at december 31 , 2008 , had recognized a liability for penalties of $ 88.1 million and interest of $ 180.0 million .republic services , inc .notes to consolidated financial statements , continued .
Question: what was the change in gross unrecognized tax benefits from 2009 to 2010?
Steps: subtract(222.8, 242.2)
Answer: -19.4
Question: and how much does this change represent in relation to the gross unrecognized tax benefits in 2009, in percentage?
| convfinqa2167 |
table of contents the company uses some custom components that are not commonly used by its competitors , and new products introduced by the company often utilize custom components available from only one source .when a component or product uses new technologies , initial capacity constraints may exist until the suppliers 2019 yields have matured or manufacturing capacity has increased .if the company 2019s supply of components for a new or existing product were delayed or constrained , or if an outsourcing partner delayed shipments of completed products to the company , the company 2019s financial condition and operating results could be materially adversely affected .the company 2019s business and financial performance could also be materially adversely affected depending on the time required to obtain sufficient quantities from the original source , or to identify and obtain sufficient quantities from an alternative source .continued availability of these components at acceptable prices , or at all , may be affected if those suppliers concentrated on the production of common components instead of components customized to meet the company 2019s requirements .the company has entered into agreements for the supply of many components ; however , there can be no guarantee that the company will be able to extend or renew these agreements on similar terms , or at all .therefore , the company remains subject to significant risks of supply shortages and price increases that could materially adversely affect its financial condition and operating results .substantially all of the company 2019s hardware products are manufactured by outsourcing partners that are located primarily in asia .a significant concentration of this manufacturing is currently performed by a small number of outsourcing partners , often in single locations .certain of these outsourcing partners are the sole- sourced suppliers of components and manufacturers for many of the company 2019s products .although the company works closely with its outsourcing partners on manufacturing schedules , the company 2019s operating results could be adversely affected if its outsourcing partners were unable to meet their production commitments .the company 2019s purchase commitments typically cover its requirements for periods up to 150 days .other off-balance sheet commitments operating leases the company leases various equipment and facilities , including retail space , under noncancelable operating lease arrangements .the company does not currently utilize any other off-balance sheet financing arrangements .the major facility leases are typically for terms not exceeding 10 years and generally contain multi-year renewal options .as of september 26 , 2015 , the company had a total of 463 retail stores .leases for retail space are for terms ranging from five to 20 years , the majority of which are for 10 years , and often contain multi-year renewal options .as of september 26 , 2015 , the company 2019s total future minimum lease payments under noncancelable operating leases were $ 6.3 billion , of which $ 3.6 billion related to leases for retail space .rent expense under all operating leases , including both cancelable and noncancelable leases , was $ 794 million , $ 717 million and $ 645 million in 2015 , 2014 and 2013 , respectively .future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of september 26 , 2015 , are as follows ( in millions ) : . 2016 | $ 772
2017 | 774
2018 | 744
2019 | 715
2020 | 674
thereafter | 2592
total | $ 6271 other commitments the company utilizes several outsourcing partners to manufacture sub-assemblies for the company 2019s products and to perform final assembly and testing of finished products .these outsourcing partners acquire components and build product based on demand information supplied by the company , which typically covers periods up to 150 days .the company also obtains individual components for its products from a wide variety of individual suppliers .consistent with industry practice , the company acquires components through a combination of purchase orders , supplier contracts and open orders based on projected demand information .where appropriate , the purchases are applied to inventory component prepayments that are outstanding with the respective supplier .as of september 26 , 2015 , the company had outstanding off-balance sheet third-party manufacturing commitments and component purchase commitments of $ 29.5 billion .apple inc .| 2015 form 10-k | 65 .
Question: what was the sum of rent expense under all operating leases in 2015 and 2014?
| 1511.0 | 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 the company uses some custom components that are not commonly used by its competitors , and new products introduced by the company often utilize custom components available from only one source .when a component or product uses new technologies , initial capacity constraints may exist until the suppliers 2019 yields have matured or manufacturing capacity has increased .if the company 2019s supply of components for a new or existing product were delayed or constrained , or if an outsourcing partner delayed shipments of completed products to the company , the company 2019s financial condition and operating results could be materially adversely affected .the company 2019s business and financial performance could also be materially adversely affected depending on the time required to obtain sufficient quantities from the original source , or to identify and obtain sufficient quantities from an alternative source .continued availability of these components at acceptable prices , or at all , may be affected if those suppliers concentrated on the production of common components instead of components customized to meet the company 2019s requirements .the company has entered into agreements for the supply of many components ; however , there can be no guarantee that the company will be able to extend or renew these agreements on similar terms , or at all .therefore , the company remains subject to significant risks of supply shortages and price increases that could materially adversely affect its financial condition and operating results .substantially all of the company 2019s hardware products are manufactured by outsourcing partners that are located primarily in asia .a significant concentration of this manufacturing is currently performed by a small number of outsourcing partners , often in single locations .certain of these outsourcing partners are the sole- sourced suppliers of components and manufacturers for many of the company 2019s products .although the company works closely with its outsourcing partners on manufacturing schedules , the company 2019s operating results could be adversely affected if its outsourcing partners were unable to meet their production commitments .the company 2019s purchase commitments typically cover its requirements for periods up to 150 days .other off-balance sheet commitments operating leases the company leases various equipment and facilities , including retail space , under noncancelable operating lease arrangements .the company does not currently utilize any other off-balance sheet financing arrangements .the major facility leases are typically for terms not exceeding 10 years and generally contain multi-year renewal options .as of september 26 , 2015 , the company had a total of 463 retail stores .leases for retail space are for terms ranging from five to 20 years , the majority of which are for 10 years , and often contain multi-year renewal options .as of september 26 , 2015 , the company 2019s total future minimum lease payments under noncancelable operating leases were $ 6.3 billion , of which $ 3.6 billion related to leases for retail space .rent expense under all operating leases , including both cancelable and noncancelable leases , was $ 794 million , $ 717 million and $ 645 million in 2015 , 2014 and 2013 , respectively .future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of september 26 , 2015 , are as follows ( in millions ) : . 2016 | $ 772
2017 | 774
2018 | 744
2019 | 715
2020 | 674
thereafter | 2592
total | $ 6271 other commitments the company utilizes several outsourcing partners to manufacture sub-assemblies for the company 2019s products and to perform final assembly and testing of finished products .these outsourcing partners acquire components and build product based on demand information supplied by the company , which typically covers periods up to 150 days .the company also obtains individual components for its products from a wide variety of individual suppliers .consistent with industry practice , the company acquires components through a combination of purchase orders , supplier contracts and open orders based on projected demand information .where appropriate , the purchases are applied to inventory component prepayments that are outstanding with the respective supplier .as of september 26 , 2015 , the company had outstanding off-balance sheet third-party manufacturing commitments and component purchase commitments of $ 29.5 billion .apple inc .| 2015 form 10-k | 65 .
Question: what was the sum of rent expense under all operating leases in 2015 and 2014?
| convfinqa2168 |
table of contents the company uses some custom components that are not commonly used by its competitors , and new products introduced by the company often utilize custom components available from only one source .when a component or product uses new technologies , initial capacity constraints may exist until the suppliers 2019 yields have matured or manufacturing capacity has increased .if the company 2019s supply of components for a new or existing product were delayed or constrained , or if an outsourcing partner delayed shipments of completed products to the company , the company 2019s financial condition and operating results could be materially adversely affected .the company 2019s business and financial performance could also be materially adversely affected depending on the time required to obtain sufficient quantities from the original source , or to identify and obtain sufficient quantities from an alternative source .continued availability of these components at acceptable prices , or at all , may be affected if those suppliers concentrated on the production of common components instead of components customized to meet the company 2019s requirements .the company has entered into agreements for the supply of many components ; however , there can be no guarantee that the company will be able to extend or renew these agreements on similar terms , or at all .therefore , the company remains subject to significant risks of supply shortages and price increases that could materially adversely affect its financial condition and operating results .substantially all of the company 2019s hardware products are manufactured by outsourcing partners that are located primarily in asia .a significant concentration of this manufacturing is currently performed by a small number of outsourcing partners , often in single locations .certain of these outsourcing partners are the sole- sourced suppliers of components and manufacturers for many of the company 2019s products .although the company works closely with its outsourcing partners on manufacturing schedules , the company 2019s operating results could be adversely affected if its outsourcing partners were unable to meet their production commitments .the company 2019s purchase commitments typically cover its requirements for periods up to 150 days .other off-balance sheet commitments operating leases the company leases various equipment and facilities , including retail space , under noncancelable operating lease arrangements .the company does not currently utilize any other off-balance sheet financing arrangements .the major facility leases are typically for terms not exceeding 10 years and generally contain multi-year renewal options .as of september 26 , 2015 , the company had a total of 463 retail stores .leases for retail space are for terms ranging from five to 20 years , the majority of which are for 10 years , and often contain multi-year renewal options .as of september 26 , 2015 , the company 2019s total future minimum lease payments under noncancelable operating leases were $ 6.3 billion , of which $ 3.6 billion related to leases for retail space .rent expense under all operating leases , including both cancelable and noncancelable leases , was $ 794 million , $ 717 million and $ 645 million in 2015 , 2014 and 2013 , respectively .future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of september 26 , 2015 , are as follows ( in millions ) : . 2016 | $ 772
2017 | 774
2018 | 744
2019 | 715
2020 | 674
thereafter | 2592
total | $ 6271 other commitments the company utilizes several outsourcing partners to manufacture sub-assemblies for the company 2019s products and to perform final assembly and testing of finished products .these outsourcing partners acquire components and build product based on demand information supplied by the company , which typically covers periods up to 150 days .the company also obtains individual components for its products from a wide variety of individual suppliers .consistent with industry practice , the company acquires components through a combination of purchase orders , supplier contracts and open orders based on projected demand information .where appropriate , the purchases are applied to inventory component prepayments that are outstanding with the respective supplier .as of september 26 , 2015 , the company had outstanding off-balance sheet third-party manufacturing commitments and component purchase commitments of $ 29.5 billion .apple inc .| 2015 form 10-k | 65 .
Question: what was the sum of rent expense under all operating leases in 2015 and 2014?
Steps: add(794, 717)
Answer: 1511.0
Question: what was the rent expense in 2013?
| 645.0 | 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 the company uses some custom components that are not commonly used by its competitors , and new products introduced by the company often utilize custom components available from only one source .when a component or product uses new technologies , initial capacity constraints may exist until the suppliers 2019 yields have matured or manufacturing capacity has increased .if the company 2019s supply of components for a new or existing product were delayed or constrained , or if an outsourcing partner delayed shipments of completed products to the company , the company 2019s financial condition and operating results could be materially adversely affected .the company 2019s business and financial performance could also be materially adversely affected depending on the time required to obtain sufficient quantities from the original source , or to identify and obtain sufficient quantities from an alternative source .continued availability of these components at acceptable prices , or at all , may be affected if those suppliers concentrated on the production of common components instead of components customized to meet the company 2019s requirements .the company has entered into agreements for the supply of many components ; however , there can be no guarantee that the company will be able to extend or renew these agreements on similar terms , or at all .therefore , the company remains subject to significant risks of supply shortages and price increases that could materially adversely affect its financial condition and operating results .substantially all of the company 2019s hardware products are manufactured by outsourcing partners that are located primarily in asia .a significant concentration of this manufacturing is currently performed by a small number of outsourcing partners , often in single locations .certain of these outsourcing partners are the sole- sourced suppliers of components and manufacturers for many of the company 2019s products .although the company works closely with its outsourcing partners on manufacturing schedules , the company 2019s operating results could be adversely affected if its outsourcing partners were unable to meet their production commitments .the company 2019s purchase commitments typically cover its requirements for periods up to 150 days .other off-balance sheet commitments operating leases the company leases various equipment and facilities , including retail space , under noncancelable operating lease arrangements .the company does not currently utilize any other off-balance sheet financing arrangements .the major facility leases are typically for terms not exceeding 10 years and generally contain multi-year renewal options .as of september 26 , 2015 , the company had a total of 463 retail stores .leases for retail space are for terms ranging from five to 20 years , the majority of which are for 10 years , and often contain multi-year renewal options .as of september 26 , 2015 , the company 2019s total future minimum lease payments under noncancelable operating leases were $ 6.3 billion , of which $ 3.6 billion related to leases for retail space .rent expense under all operating leases , including both cancelable and noncancelable leases , was $ 794 million , $ 717 million and $ 645 million in 2015 , 2014 and 2013 , respectively .future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of september 26 , 2015 , are as follows ( in millions ) : . 2016 | $ 772
2017 | 774
2018 | 744
2019 | 715
2020 | 674
thereafter | 2592
total | $ 6271 other commitments the company utilizes several outsourcing partners to manufacture sub-assemblies for the company 2019s products and to perform final assembly and testing of finished products .these outsourcing partners acquire components and build product based on demand information supplied by the company , which typically covers periods up to 150 days .the company also obtains individual components for its products from a wide variety of individual suppliers .consistent with industry practice , the company acquires components through a combination of purchase orders , supplier contracts and open orders based on projected demand information .where appropriate , the purchases are applied to inventory component prepayments that are outstanding with the respective supplier .as of september 26 , 2015 , the company had outstanding off-balance sheet third-party manufacturing commitments and component purchase commitments of $ 29.5 billion .apple inc .| 2015 form 10-k | 65 .
Question: what was the sum of rent expense under all operating leases in 2015 and 2014?
Steps: add(794, 717)
Answer: 1511.0
Question: what was the rent expense in 2013?
| convfinqa2169 |
table of contents the company uses some custom components that are not commonly used by its competitors , and new products introduced by the company often utilize custom components available from only one source .when a component or product uses new technologies , initial capacity constraints may exist until the suppliers 2019 yields have matured or manufacturing capacity has increased .if the company 2019s supply of components for a new or existing product were delayed or constrained , or if an outsourcing partner delayed shipments of completed products to the company , the company 2019s financial condition and operating results could be materially adversely affected .the company 2019s business and financial performance could also be materially adversely affected depending on the time required to obtain sufficient quantities from the original source , or to identify and obtain sufficient quantities from an alternative source .continued availability of these components at acceptable prices , or at all , may be affected if those suppliers concentrated on the production of common components instead of components customized to meet the company 2019s requirements .the company has entered into agreements for the supply of many components ; however , there can be no guarantee that the company will be able to extend or renew these agreements on similar terms , or at all .therefore , the company remains subject to significant risks of supply shortages and price increases that could materially adversely affect its financial condition and operating results .substantially all of the company 2019s hardware products are manufactured by outsourcing partners that are located primarily in asia .a significant concentration of this manufacturing is currently performed by a small number of outsourcing partners , often in single locations .certain of these outsourcing partners are the sole- sourced suppliers of components and manufacturers for many of the company 2019s products .although the company works closely with its outsourcing partners on manufacturing schedules , the company 2019s operating results could be adversely affected if its outsourcing partners were unable to meet their production commitments .the company 2019s purchase commitments typically cover its requirements for periods up to 150 days .other off-balance sheet commitments operating leases the company leases various equipment and facilities , including retail space , under noncancelable operating lease arrangements .the company does not currently utilize any other off-balance sheet financing arrangements .the major facility leases are typically for terms not exceeding 10 years and generally contain multi-year renewal options .as of september 26 , 2015 , the company had a total of 463 retail stores .leases for retail space are for terms ranging from five to 20 years , the majority of which are for 10 years , and often contain multi-year renewal options .as of september 26 , 2015 , the company 2019s total future minimum lease payments under noncancelable operating leases were $ 6.3 billion , of which $ 3.6 billion related to leases for retail space .rent expense under all operating leases , including both cancelable and noncancelable leases , was $ 794 million , $ 717 million and $ 645 million in 2015 , 2014 and 2013 , respectively .future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of september 26 , 2015 , are as follows ( in millions ) : . 2016 | $ 772
2017 | 774
2018 | 744
2019 | 715
2020 | 674
thereafter | 2592
total | $ 6271 other commitments the company utilizes several outsourcing partners to manufacture sub-assemblies for the company 2019s products and to perform final assembly and testing of finished products .these outsourcing partners acquire components and build product based on demand information supplied by the company , which typically covers periods up to 150 days .the company also obtains individual components for its products from a wide variety of individual suppliers .consistent with industry practice , the company acquires components through a combination of purchase orders , supplier contracts and open orders based on projected demand information .where appropriate , the purchases are applied to inventory component prepayments that are outstanding with the respective supplier .as of september 26 , 2015 , the company had outstanding off-balance sheet third-party manufacturing commitments and component purchase commitments of $ 29.5 billion .apple inc .| 2015 form 10-k | 65 .
Question: what was the sum of rent expense under all operating leases in 2015 and 2014?
Steps: add(794, 717)
Answer: 1511.0
Question: what was the rent expense in 2013?
Steps: Ask for number 645
Answer: 645.0
Question: what is the total rent expense for the 3 years?
| 2156.0 | 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 the company uses some custom components that are not commonly used by its competitors , and new products introduced by the company often utilize custom components available from only one source .when a component or product uses new technologies , initial capacity constraints may exist until the suppliers 2019 yields have matured or manufacturing capacity has increased .if the company 2019s supply of components for a new or existing product were delayed or constrained , or if an outsourcing partner delayed shipments of completed products to the company , the company 2019s financial condition and operating results could be materially adversely affected .the company 2019s business and financial performance could also be materially adversely affected depending on the time required to obtain sufficient quantities from the original source , or to identify and obtain sufficient quantities from an alternative source .continued availability of these components at acceptable prices , or at all , may be affected if those suppliers concentrated on the production of common components instead of components customized to meet the company 2019s requirements .the company has entered into agreements for the supply of many components ; however , there can be no guarantee that the company will be able to extend or renew these agreements on similar terms , or at all .therefore , the company remains subject to significant risks of supply shortages and price increases that could materially adversely affect its financial condition and operating results .substantially all of the company 2019s hardware products are manufactured by outsourcing partners that are located primarily in asia .a significant concentration of this manufacturing is currently performed by a small number of outsourcing partners , often in single locations .certain of these outsourcing partners are the sole- sourced suppliers of components and manufacturers for many of the company 2019s products .although the company works closely with its outsourcing partners on manufacturing schedules , the company 2019s operating results could be adversely affected if its outsourcing partners were unable to meet their production commitments .the company 2019s purchase commitments typically cover its requirements for periods up to 150 days .other off-balance sheet commitments operating leases the company leases various equipment and facilities , including retail space , under noncancelable operating lease arrangements .the company does not currently utilize any other off-balance sheet financing arrangements .the major facility leases are typically for terms not exceeding 10 years and generally contain multi-year renewal options .as of september 26 , 2015 , the company had a total of 463 retail stores .leases for retail space are for terms ranging from five to 20 years , the majority of which are for 10 years , and often contain multi-year renewal options .as of september 26 , 2015 , the company 2019s total future minimum lease payments under noncancelable operating leases were $ 6.3 billion , of which $ 3.6 billion related to leases for retail space .rent expense under all operating leases , including both cancelable and noncancelable leases , was $ 794 million , $ 717 million and $ 645 million in 2015 , 2014 and 2013 , respectively .future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of september 26 , 2015 , are as follows ( in millions ) : . 2016 | $ 772
2017 | 774
2018 | 744
2019 | 715
2020 | 674
thereafter | 2592
total | $ 6271 other commitments the company utilizes several outsourcing partners to manufacture sub-assemblies for the company 2019s products and to perform final assembly and testing of finished products .these outsourcing partners acquire components and build product based on demand information supplied by the company , which typically covers periods up to 150 days .the company also obtains individual components for its products from a wide variety of individual suppliers .consistent with industry practice , the company acquires components through a combination of purchase orders , supplier contracts and open orders based on projected demand information .where appropriate , the purchases are applied to inventory component prepayments that are outstanding with the respective supplier .as of september 26 , 2015 , the company had outstanding off-balance sheet third-party manufacturing commitments and component purchase commitments of $ 29.5 billion .apple inc .| 2015 form 10-k | 65 .
Question: what was the sum of rent expense under all operating leases in 2015 and 2014?
Steps: add(794, 717)
Answer: 1511.0
Question: what was the rent expense in 2013?
Steps: Ask for number 645
Answer: 645.0
Question: what is the total rent expense for the 3 years?
| convfinqa2170 |
page 45 of 100 ball corporation and subsidiaries notes to consolidated financial statements 3 .acquisitions latapack-ball embalagens ltda .( latapack-ball ) in august 2010 , the company paid $ 46.2 million to acquire an additional 10.1 percent economic interest in its brazilian beverage packaging joint venture , latapack-ball , through a transaction with the joint venture partner , latapack s.a .this transaction increased the company 2019s overall economic interest in the joint venture to 60.1 percent and expands and strengthens ball 2019s presence in the growing brazilian market .as a result of the transaction , latapack-ball became a variable interest entity ( vie ) under consolidation accounting guidelines with ball being identified as the primary beneficiary of the vie and consolidating the joint venture .latapack-ball operates metal beverage packaging manufacturing plants in tres rios , jacarei and salvador , brazil and has been included in the metal beverage packaging , americas and asia , reporting segment .in connection with the acquisition , the company recorded a gain of $ 81.8 million on its previously held equity investment in latapack-ball as a result of required purchase accounting .the following table summarizes the final fair values of the latapack-ball assets acquired , liabilities assumed and non- controlling interest recognized , as well as the related investment in latapack s.a. , as of the acquisition date .the valuation was based on market and income approaches. . cash | $ 69.3
current assets | 84.7
property plant and equipment | 265.9
goodwill | 100.2
intangible asset | 52.8
current liabilities | -53.2 ( 53.2 )
long-term liabilities | -174.1 ( 174.1 )
net assets acquired | $ 345.6
noncontrolling interests | $ -132.9 ( 132.9 ) noncontrolling interests $ ( 132.9 ) the customer relationships were identified as an intangible asset by the company and assigned an estimated life of 13.4 years .the intangible asset is being amortized on a straight-line basis .neuman aluminum ( neuman ) in july 2010 , the company acquired neuman for approximately $ 62 million in cash .neuman had sales of approximately $ 128 million in 2009 ( unaudited ) and is the leading north american manufacturer of aluminum slugs used to make extruded aerosol cans , beverage bottles , aluminum collapsible tubes and technical impact extrusions .neuman operates two plants , one in the united states and one in canada , which employ approximately 180 people .the acquisition of neuman is not material to the metal food and household products packaging , americas , segment , in which its results of operations have been included since the acquisition date .guangdong jianlibao group co. , ltd ( jianlibao ) in june 2010 , the company acquired jianlibao 2019s 65 percent interest in a joint venture metal beverage can and end plant in sanshui ( foshan ) , prc .ball has owned 35 percent of the joint venture plant since 1992 .ball acquired the 65 percent interest for $ 86.9 million in cash ( net of cash acquired ) and assumed debt , and also entered into a long-term supply agreement with jianlibao and one of its affiliates .the company recorded equity earnings of $ 24.1 million , which was composed of equity earnings and a gain realized on the fair value of ball 2019s previous 35 percent equity investment as a result of required purchase accounting .the purchase accounting was completed during the third quarter of 2010 .the acquisition of the remaining interest is not material to the metal beverage packaging , americas and asia , segment. .
Question: what percentage did the company acquire?
| 0.101 | 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.
page 45 of 100 ball corporation and subsidiaries notes to consolidated financial statements 3 .acquisitions latapack-ball embalagens ltda .( latapack-ball ) in august 2010 , the company paid $ 46.2 million to acquire an additional 10.1 percent economic interest in its brazilian beverage packaging joint venture , latapack-ball , through a transaction with the joint venture partner , latapack s.a .this transaction increased the company 2019s overall economic interest in the joint venture to 60.1 percent and expands and strengthens ball 2019s presence in the growing brazilian market .as a result of the transaction , latapack-ball became a variable interest entity ( vie ) under consolidation accounting guidelines with ball being identified as the primary beneficiary of the vie and consolidating the joint venture .latapack-ball operates metal beverage packaging manufacturing plants in tres rios , jacarei and salvador , brazil and has been included in the metal beverage packaging , americas and asia , reporting segment .in connection with the acquisition , the company recorded a gain of $ 81.8 million on its previously held equity investment in latapack-ball as a result of required purchase accounting .the following table summarizes the final fair values of the latapack-ball assets acquired , liabilities assumed and non- controlling interest recognized , as well as the related investment in latapack s.a. , as of the acquisition date .the valuation was based on market and income approaches. . cash | $ 69.3
current assets | 84.7
property plant and equipment | 265.9
goodwill | 100.2
intangible asset | 52.8
current liabilities | -53.2 ( 53.2 )
long-term liabilities | -174.1 ( 174.1 )
net assets acquired | $ 345.6
noncontrolling interests | $ -132.9 ( 132.9 ) noncontrolling interests $ ( 132.9 ) the customer relationships were identified as an intangible asset by the company and assigned an estimated life of 13.4 years .the intangible asset is being amortized on a straight-line basis .neuman aluminum ( neuman ) in july 2010 , the company acquired neuman for approximately $ 62 million in cash .neuman had sales of approximately $ 128 million in 2009 ( unaudited ) and is the leading north american manufacturer of aluminum slugs used to make extruded aerosol cans , beverage bottles , aluminum collapsible tubes and technical impact extrusions .neuman operates two plants , one in the united states and one in canada , which employ approximately 180 people .the acquisition of neuman is not material to the metal food and household products packaging , americas , segment , in which its results of operations have been included since the acquisition date .guangdong jianlibao group co. , ltd ( jianlibao ) in june 2010 , the company acquired jianlibao 2019s 65 percent interest in a joint venture metal beverage can and end plant in sanshui ( foshan ) , prc .ball has owned 35 percent of the joint venture plant since 1992 .ball acquired the 65 percent interest for $ 86.9 million in cash ( net of cash acquired ) and assumed debt , and also entered into a long-term supply agreement with jianlibao and one of its affiliates .the company recorded equity earnings of $ 24.1 million , which was composed of equity earnings and a gain realized on the fair value of ball 2019s previous 35 percent equity investment as a result of required purchase accounting .the purchase accounting was completed during the third quarter of 2010 .the acquisition of the remaining interest is not material to the metal beverage packaging , americas and asia , segment. .
Question: what percentage did the company acquire?
| convfinqa2171 |
page 45 of 100 ball corporation and subsidiaries notes to consolidated financial statements 3 .acquisitions latapack-ball embalagens ltda .( latapack-ball ) in august 2010 , the company paid $ 46.2 million to acquire an additional 10.1 percent economic interest in its brazilian beverage packaging joint venture , latapack-ball , through a transaction with the joint venture partner , latapack s.a .this transaction increased the company 2019s overall economic interest in the joint venture to 60.1 percent and expands and strengthens ball 2019s presence in the growing brazilian market .as a result of the transaction , latapack-ball became a variable interest entity ( vie ) under consolidation accounting guidelines with ball being identified as the primary beneficiary of the vie and consolidating the joint venture .latapack-ball operates metal beverage packaging manufacturing plants in tres rios , jacarei and salvador , brazil and has been included in the metal beverage packaging , americas and asia , reporting segment .in connection with the acquisition , the company recorded a gain of $ 81.8 million on its previously held equity investment in latapack-ball as a result of required purchase accounting .the following table summarizes the final fair values of the latapack-ball assets acquired , liabilities assumed and non- controlling interest recognized , as well as the related investment in latapack s.a. , as of the acquisition date .the valuation was based on market and income approaches. . cash | $ 69.3
current assets | 84.7
property plant and equipment | 265.9
goodwill | 100.2
intangible asset | 52.8
current liabilities | -53.2 ( 53.2 )
long-term liabilities | -174.1 ( 174.1 )
net assets acquired | $ 345.6
noncontrolling interests | $ -132.9 ( 132.9 ) noncontrolling interests $ ( 132.9 ) the customer relationships were identified as an intangible asset by the company and assigned an estimated life of 13.4 years .the intangible asset is being amortized on a straight-line basis .neuman aluminum ( neuman ) in july 2010 , the company acquired neuman for approximately $ 62 million in cash .neuman had sales of approximately $ 128 million in 2009 ( unaudited ) and is the leading north american manufacturer of aluminum slugs used to make extruded aerosol cans , beverage bottles , aluminum collapsible tubes and technical impact extrusions .neuman operates two plants , one in the united states and one in canada , which employ approximately 180 people .the acquisition of neuman is not material to the metal food and household products packaging , americas , segment , in which its results of operations have been included since the acquisition date .guangdong jianlibao group co. , ltd ( jianlibao ) in june 2010 , the company acquired jianlibao 2019s 65 percent interest in a joint venture metal beverage can and end plant in sanshui ( foshan ) , prc .ball has owned 35 percent of the joint venture plant since 1992 .ball acquired the 65 percent interest for $ 86.9 million in cash ( net of cash acquired ) and assumed debt , and also entered into a long-term supply agreement with jianlibao and one of its affiliates .the company recorded equity earnings of $ 24.1 million , which was composed of equity earnings and a gain realized on the fair value of ball 2019s previous 35 percent equity investment as a result of required purchase accounting .the purchase accounting was completed during the third quarter of 2010 .the acquisition of the remaining interest is not material to the metal beverage packaging , americas and asia , segment. .
Question: what percentage did the company acquire?
Steps: divide(10.1, const_100)
Answer: 0.101
Question: for how much?
| 46.2 | 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.
page 45 of 100 ball corporation and subsidiaries notes to consolidated financial statements 3 .acquisitions latapack-ball embalagens ltda .( latapack-ball ) in august 2010 , the company paid $ 46.2 million to acquire an additional 10.1 percent economic interest in its brazilian beverage packaging joint venture , latapack-ball , through a transaction with the joint venture partner , latapack s.a .this transaction increased the company 2019s overall economic interest in the joint venture to 60.1 percent and expands and strengthens ball 2019s presence in the growing brazilian market .as a result of the transaction , latapack-ball became a variable interest entity ( vie ) under consolidation accounting guidelines with ball being identified as the primary beneficiary of the vie and consolidating the joint venture .latapack-ball operates metal beverage packaging manufacturing plants in tres rios , jacarei and salvador , brazil and has been included in the metal beverage packaging , americas and asia , reporting segment .in connection with the acquisition , the company recorded a gain of $ 81.8 million on its previously held equity investment in latapack-ball as a result of required purchase accounting .the following table summarizes the final fair values of the latapack-ball assets acquired , liabilities assumed and non- controlling interest recognized , as well as the related investment in latapack s.a. , as of the acquisition date .the valuation was based on market and income approaches. . cash | $ 69.3
current assets | 84.7
property plant and equipment | 265.9
goodwill | 100.2
intangible asset | 52.8
current liabilities | -53.2 ( 53.2 )
long-term liabilities | -174.1 ( 174.1 )
net assets acquired | $ 345.6
noncontrolling interests | $ -132.9 ( 132.9 ) noncontrolling interests $ ( 132.9 ) the customer relationships were identified as an intangible asset by the company and assigned an estimated life of 13.4 years .the intangible asset is being amortized on a straight-line basis .neuman aluminum ( neuman ) in july 2010 , the company acquired neuman for approximately $ 62 million in cash .neuman had sales of approximately $ 128 million in 2009 ( unaudited ) and is the leading north american manufacturer of aluminum slugs used to make extruded aerosol cans , beverage bottles , aluminum collapsible tubes and technical impact extrusions .neuman operates two plants , one in the united states and one in canada , which employ approximately 180 people .the acquisition of neuman is not material to the metal food and household products packaging , americas , segment , in which its results of operations have been included since the acquisition date .guangdong jianlibao group co. , ltd ( jianlibao ) in june 2010 , the company acquired jianlibao 2019s 65 percent interest in a joint venture metal beverage can and end plant in sanshui ( foshan ) , prc .ball has owned 35 percent of the joint venture plant since 1992 .ball acquired the 65 percent interest for $ 86.9 million in cash ( net of cash acquired ) and assumed debt , and also entered into a long-term supply agreement with jianlibao and one of its affiliates .the company recorded equity earnings of $ 24.1 million , which was composed of equity earnings and a gain realized on the fair value of ball 2019s previous 35 percent equity investment as a result of required purchase accounting .the purchase accounting was completed during the third quarter of 2010 .the acquisition of the remaining interest is not material to the metal beverage packaging , americas and asia , segment. .
Question: what percentage did the company acquire?
Steps: divide(10.1, const_100)
Answer: 0.101
Question: for how much?
| convfinqa2172 |
page 45 of 100 ball corporation and subsidiaries notes to consolidated financial statements 3 .acquisitions latapack-ball embalagens ltda .( latapack-ball ) in august 2010 , the company paid $ 46.2 million to acquire an additional 10.1 percent economic interest in its brazilian beverage packaging joint venture , latapack-ball , through a transaction with the joint venture partner , latapack s.a .this transaction increased the company 2019s overall economic interest in the joint venture to 60.1 percent and expands and strengthens ball 2019s presence in the growing brazilian market .as a result of the transaction , latapack-ball became a variable interest entity ( vie ) under consolidation accounting guidelines with ball being identified as the primary beneficiary of the vie and consolidating the joint venture .latapack-ball operates metal beverage packaging manufacturing plants in tres rios , jacarei and salvador , brazil and has been included in the metal beverage packaging , americas and asia , reporting segment .in connection with the acquisition , the company recorded a gain of $ 81.8 million on its previously held equity investment in latapack-ball as a result of required purchase accounting .the following table summarizes the final fair values of the latapack-ball assets acquired , liabilities assumed and non- controlling interest recognized , as well as the related investment in latapack s.a. , as of the acquisition date .the valuation was based on market and income approaches. . cash | $ 69.3
current assets | 84.7
property plant and equipment | 265.9
goodwill | 100.2
intangible asset | 52.8
current liabilities | -53.2 ( 53.2 )
long-term liabilities | -174.1 ( 174.1 )
net assets acquired | $ 345.6
noncontrolling interests | $ -132.9 ( 132.9 ) noncontrolling interests $ ( 132.9 ) the customer relationships were identified as an intangible asset by the company and assigned an estimated life of 13.4 years .the intangible asset is being amortized on a straight-line basis .neuman aluminum ( neuman ) in july 2010 , the company acquired neuman for approximately $ 62 million in cash .neuman had sales of approximately $ 128 million in 2009 ( unaudited ) and is the leading north american manufacturer of aluminum slugs used to make extruded aerosol cans , beverage bottles , aluminum collapsible tubes and technical impact extrusions .neuman operates two plants , one in the united states and one in canada , which employ approximately 180 people .the acquisition of neuman is not material to the metal food and household products packaging , americas , segment , in which its results of operations have been included since the acquisition date .guangdong jianlibao group co. , ltd ( jianlibao ) in june 2010 , the company acquired jianlibao 2019s 65 percent interest in a joint venture metal beverage can and end plant in sanshui ( foshan ) , prc .ball has owned 35 percent of the joint venture plant since 1992 .ball acquired the 65 percent interest for $ 86.9 million in cash ( net of cash acquired ) and assumed debt , and also entered into a long-term supply agreement with jianlibao and one of its affiliates .the company recorded equity earnings of $ 24.1 million , which was composed of equity earnings and a gain realized on the fair value of ball 2019s previous 35 percent equity investment as a result of required purchase accounting .the purchase accounting was completed during the third quarter of 2010 .the acquisition of the remaining interest is not material to the metal beverage packaging , americas and asia , segment. .
Question: what percentage did the company acquire?
Steps: divide(10.1, const_100)
Answer: 0.101
Question: for how much?
Steps: Ask for number 46.2
Answer: 46.2
Question: what is the total value of the venture?
| 457.42574 | 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.
page 45 of 100 ball corporation and subsidiaries notes to consolidated financial statements 3 .acquisitions latapack-ball embalagens ltda .( latapack-ball ) in august 2010 , the company paid $ 46.2 million to acquire an additional 10.1 percent economic interest in its brazilian beverage packaging joint venture , latapack-ball , through a transaction with the joint venture partner , latapack s.a .this transaction increased the company 2019s overall economic interest in the joint venture to 60.1 percent and expands and strengthens ball 2019s presence in the growing brazilian market .as a result of the transaction , latapack-ball became a variable interest entity ( vie ) under consolidation accounting guidelines with ball being identified as the primary beneficiary of the vie and consolidating the joint venture .latapack-ball operates metal beverage packaging manufacturing plants in tres rios , jacarei and salvador , brazil and has been included in the metal beverage packaging , americas and asia , reporting segment .in connection with the acquisition , the company recorded a gain of $ 81.8 million on its previously held equity investment in latapack-ball as a result of required purchase accounting .the following table summarizes the final fair values of the latapack-ball assets acquired , liabilities assumed and non- controlling interest recognized , as well as the related investment in latapack s.a. , as of the acquisition date .the valuation was based on market and income approaches. . cash | $ 69.3
current assets | 84.7
property plant and equipment | 265.9
goodwill | 100.2
intangible asset | 52.8
current liabilities | -53.2 ( 53.2 )
long-term liabilities | -174.1 ( 174.1 )
net assets acquired | $ 345.6
noncontrolling interests | $ -132.9 ( 132.9 ) noncontrolling interests $ ( 132.9 ) the customer relationships were identified as an intangible asset by the company and assigned an estimated life of 13.4 years .the intangible asset is being amortized on a straight-line basis .neuman aluminum ( neuman ) in july 2010 , the company acquired neuman for approximately $ 62 million in cash .neuman had sales of approximately $ 128 million in 2009 ( unaudited ) and is the leading north american manufacturer of aluminum slugs used to make extruded aerosol cans , beverage bottles , aluminum collapsible tubes and technical impact extrusions .neuman operates two plants , one in the united states and one in canada , which employ approximately 180 people .the acquisition of neuman is not material to the metal food and household products packaging , americas , segment , in which its results of operations have been included since the acquisition date .guangdong jianlibao group co. , ltd ( jianlibao ) in june 2010 , the company acquired jianlibao 2019s 65 percent interest in a joint venture metal beverage can and end plant in sanshui ( foshan ) , prc .ball has owned 35 percent of the joint venture plant since 1992 .ball acquired the 65 percent interest for $ 86.9 million in cash ( net of cash acquired ) and assumed debt , and also entered into a long-term supply agreement with jianlibao and one of its affiliates .the company recorded equity earnings of $ 24.1 million , which was composed of equity earnings and a gain realized on the fair value of ball 2019s previous 35 percent equity investment as a result of required purchase accounting .the purchase accounting was completed during the third quarter of 2010 .the acquisition of the remaining interest is not material to the metal beverage packaging , americas and asia , segment. .
Question: what percentage did the company acquire?
Steps: divide(10.1, const_100)
Answer: 0.101
Question: for how much?
Steps: Ask for number 46.2
Answer: 46.2
Question: what is the total value of the venture?
| convfinqa2173 |
accounts receivable , net october 31 , 2006 october 31 , 2005 dollar change change . october 31 2006 | october 31 2005 | dollar change | % ( % ) change
( dollars in millions ) | ( dollars in millions ) | |
$ 122.6 | $ 100.2 | $ 22.4 | 22% ( 22 % ) the increase in accounts receivable was primarily due to the increased billings during the fiscal year ended october 31 , 2006 .days sales outstanding ( dso ) was 39 days at october 31 , 2006 and 36 days at october 31 , 2005 .our accounts receivable and dso are primarily driven by our billing and collections activities .net working capital working capital is comprised of current assets less current liabilities , as shown on our balance sheet .as of october 31 , 2006 , our working capital was $ 23.4 million , compared to $ 130.6 million as of october 31 , 2005 .the decrease in net working capital of $ 107.2 million was primarily due to ( 1 ) a decrease of $ 73.7 million in cash and cash equivalents ; ( 2 ) a decrease of current deferred tax assets of $ 83.2 million , primarily due to a tax accounting method change ; ( 3 ) a decrease in income taxes receivable of $ 5.8 million ; ( 4 ) an increase in income taxes payable of $ 21.5 million ; ( 5 ) an increase in deferred revenue of $ 29.9 million ; and ( 6 ) a net increase of $ 2.8 million in accounts payable and other liabilities which included a reclassification of debt of $ 7.5 million from long term to short term debt .this decrease was partially offset by ( 1 ) an increase in short-term investments of $ 59.9 million ; ( 2 ) an increase in prepaid and other assets of $ 27.4 million , which includes land of $ 23.4 million reclassified from property plant and equipment to asset held for sale within prepaid expense and other assets on our consolidated balance sheet ; and ( 3 ) an increase in accounts receivable of $ 22.4 million .other commitments 2014revolving credit facility on october 20 , 2006 , we entered into a five-year , $ 300.0 million senior unsecured revolving credit facility providing for loans to synopsys and certain of its foreign subsidiaries .the facility replaces our previous $ 250.0 million senior unsecured credit facility , which was terminated effective october 20 , 2006 .the amount of the facility may be increased by up to an additional $ 150.0 million through the fourth year of the facility .the facility contains financial covenants requiring us to maintain a minimum leverage ratio and specified levels of cash , as well as other non-financial covenants .the facility terminates on october 20 , 2011 .borrowings under the facility bear interest at the greater of the administrative agent 2019s prime rate or the federal funds rate plus 0.50% ( 0.50 % ) ; however , we have the option to pay interest based on the outstanding amount at eurodollar rates plus a spread between 0.50% ( 0.50 % ) and 0.70% ( 0.70 % ) based on a pricing grid tied to a financial covenant .in addition , commitment fees are payable on the facility at rates between 0.125% ( 0.125 % ) and 0.175% ( 0.175 % ) per year based on a pricing grid tied to a financial covenant .as of october 31 , 2006 we had no outstanding borrowings under this credit facility and were in compliance with all the covenants .we believe that our current cash , cash equivalents , short-term investments , cash generated from operations , and available credit under our credit facility will satisfy our business requirements for at least the next twelve months. .
Question: what is the net change dso from 2005 to 2006?
| 3.0 | 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.
accounts receivable , net october 31 , 2006 october 31 , 2005 dollar change change . october 31 2006 | october 31 2005 | dollar change | % ( % ) change
( dollars in millions ) | ( dollars in millions ) | |
$ 122.6 | $ 100.2 | $ 22.4 | 22% ( 22 % ) the increase in accounts receivable was primarily due to the increased billings during the fiscal year ended october 31 , 2006 .days sales outstanding ( dso ) was 39 days at october 31 , 2006 and 36 days at october 31 , 2005 .our accounts receivable and dso are primarily driven by our billing and collections activities .net working capital working capital is comprised of current assets less current liabilities , as shown on our balance sheet .as of october 31 , 2006 , our working capital was $ 23.4 million , compared to $ 130.6 million as of october 31 , 2005 .the decrease in net working capital of $ 107.2 million was primarily due to ( 1 ) a decrease of $ 73.7 million in cash and cash equivalents ; ( 2 ) a decrease of current deferred tax assets of $ 83.2 million , primarily due to a tax accounting method change ; ( 3 ) a decrease in income taxes receivable of $ 5.8 million ; ( 4 ) an increase in income taxes payable of $ 21.5 million ; ( 5 ) an increase in deferred revenue of $ 29.9 million ; and ( 6 ) a net increase of $ 2.8 million in accounts payable and other liabilities which included a reclassification of debt of $ 7.5 million from long term to short term debt .this decrease was partially offset by ( 1 ) an increase in short-term investments of $ 59.9 million ; ( 2 ) an increase in prepaid and other assets of $ 27.4 million , which includes land of $ 23.4 million reclassified from property plant and equipment to asset held for sale within prepaid expense and other assets on our consolidated balance sheet ; and ( 3 ) an increase in accounts receivable of $ 22.4 million .other commitments 2014revolving credit facility on october 20 , 2006 , we entered into a five-year , $ 300.0 million senior unsecured revolving credit facility providing for loans to synopsys and certain of its foreign subsidiaries .the facility replaces our previous $ 250.0 million senior unsecured credit facility , which was terminated effective october 20 , 2006 .the amount of the facility may be increased by up to an additional $ 150.0 million through the fourth year of the facility .the facility contains financial covenants requiring us to maintain a minimum leverage ratio and specified levels of cash , as well as other non-financial covenants .the facility terminates on october 20 , 2011 .borrowings under the facility bear interest at the greater of the administrative agent 2019s prime rate or the federal funds rate plus 0.50% ( 0.50 % ) ; however , we have the option to pay interest based on the outstanding amount at eurodollar rates plus a spread between 0.50% ( 0.50 % ) and 0.70% ( 0.70 % ) based on a pricing grid tied to a financial covenant .in addition , commitment fees are payable on the facility at rates between 0.125% ( 0.125 % ) and 0.175% ( 0.175 % ) per year based on a pricing grid tied to a financial covenant .as of october 31 , 2006 we had no outstanding borrowings under this credit facility and were in compliance with all the covenants .we believe that our current cash , cash equivalents , short-term investments , cash generated from operations , and available credit under our credit facility will satisfy our business requirements for at least the next twelve months. .
Question: what is the net change dso from 2005 to 2006?
| convfinqa2174 |
accounts receivable , net october 31 , 2006 october 31 , 2005 dollar change change . october 31 2006 | october 31 2005 | dollar change | % ( % ) change
( dollars in millions ) | ( dollars in millions ) | |
$ 122.6 | $ 100.2 | $ 22.4 | 22% ( 22 % ) the increase in accounts receivable was primarily due to the increased billings during the fiscal year ended october 31 , 2006 .days sales outstanding ( dso ) was 39 days at october 31 , 2006 and 36 days at october 31 , 2005 .our accounts receivable and dso are primarily driven by our billing and collections activities .net working capital working capital is comprised of current assets less current liabilities , as shown on our balance sheet .as of october 31 , 2006 , our working capital was $ 23.4 million , compared to $ 130.6 million as of october 31 , 2005 .the decrease in net working capital of $ 107.2 million was primarily due to ( 1 ) a decrease of $ 73.7 million in cash and cash equivalents ; ( 2 ) a decrease of current deferred tax assets of $ 83.2 million , primarily due to a tax accounting method change ; ( 3 ) a decrease in income taxes receivable of $ 5.8 million ; ( 4 ) an increase in income taxes payable of $ 21.5 million ; ( 5 ) an increase in deferred revenue of $ 29.9 million ; and ( 6 ) a net increase of $ 2.8 million in accounts payable and other liabilities which included a reclassification of debt of $ 7.5 million from long term to short term debt .this decrease was partially offset by ( 1 ) an increase in short-term investments of $ 59.9 million ; ( 2 ) an increase in prepaid and other assets of $ 27.4 million , which includes land of $ 23.4 million reclassified from property plant and equipment to asset held for sale within prepaid expense and other assets on our consolidated balance sheet ; and ( 3 ) an increase in accounts receivable of $ 22.4 million .other commitments 2014revolving credit facility on october 20 , 2006 , we entered into a five-year , $ 300.0 million senior unsecured revolving credit facility providing for loans to synopsys and certain of its foreign subsidiaries .the facility replaces our previous $ 250.0 million senior unsecured credit facility , which was terminated effective october 20 , 2006 .the amount of the facility may be increased by up to an additional $ 150.0 million through the fourth year of the facility .the facility contains financial covenants requiring us to maintain a minimum leverage ratio and specified levels of cash , as well as other non-financial covenants .the facility terminates on october 20 , 2011 .borrowings under the facility bear interest at the greater of the administrative agent 2019s prime rate or the federal funds rate plus 0.50% ( 0.50 % ) ; however , we have the option to pay interest based on the outstanding amount at eurodollar rates plus a spread between 0.50% ( 0.50 % ) and 0.70% ( 0.70 % ) based on a pricing grid tied to a financial covenant .in addition , commitment fees are payable on the facility at rates between 0.125% ( 0.125 % ) and 0.175% ( 0.175 % ) per year based on a pricing grid tied to a financial covenant .as of october 31 , 2006 we had no outstanding borrowings under this credit facility and were in compliance with all the covenants .we believe that our current cash , cash equivalents , short-term investments , cash generated from operations , and available credit under our credit facility will satisfy our business requirements for at least the next twelve months. .
Question: what is the net change dso from 2005 to 2006?
Steps: subtract(39, 36)
Answer: 3.0
Question: what is the working capital in 2006?
| 23.4 | 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.
accounts receivable , net october 31 , 2006 october 31 , 2005 dollar change change . october 31 2006 | october 31 2005 | dollar change | % ( % ) change
( dollars in millions ) | ( dollars in millions ) | |
$ 122.6 | $ 100.2 | $ 22.4 | 22% ( 22 % ) the increase in accounts receivable was primarily due to the increased billings during the fiscal year ended october 31 , 2006 .days sales outstanding ( dso ) was 39 days at october 31 , 2006 and 36 days at october 31 , 2005 .our accounts receivable and dso are primarily driven by our billing and collections activities .net working capital working capital is comprised of current assets less current liabilities , as shown on our balance sheet .as of october 31 , 2006 , our working capital was $ 23.4 million , compared to $ 130.6 million as of october 31 , 2005 .the decrease in net working capital of $ 107.2 million was primarily due to ( 1 ) a decrease of $ 73.7 million in cash and cash equivalents ; ( 2 ) a decrease of current deferred tax assets of $ 83.2 million , primarily due to a tax accounting method change ; ( 3 ) a decrease in income taxes receivable of $ 5.8 million ; ( 4 ) an increase in income taxes payable of $ 21.5 million ; ( 5 ) an increase in deferred revenue of $ 29.9 million ; and ( 6 ) a net increase of $ 2.8 million in accounts payable and other liabilities which included a reclassification of debt of $ 7.5 million from long term to short term debt .this decrease was partially offset by ( 1 ) an increase in short-term investments of $ 59.9 million ; ( 2 ) an increase in prepaid and other assets of $ 27.4 million , which includes land of $ 23.4 million reclassified from property plant and equipment to asset held for sale within prepaid expense and other assets on our consolidated balance sheet ; and ( 3 ) an increase in accounts receivable of $ 22.4 million .other commitments 2014revolving credit facility on october 20 , 2006 , we entered into a five-year , $ 300.0 million senior unsecured revolving credit facility providing for loans to synopsys and certain of its foreign subsidiaries .the facility replaces our previous $ 250.0 million senior unsecured credit facility , which was terminated effective october 20 , 2006 .the amount of the facility may be increased by up to an additional $ 150.0 million through the fourth year of the facility .the facility contains financial covenants requiring us to maintain a minimum leverage ratio and specified levels of cash , as well as other non-financial covenants .the facility terminates on october 20 , 2011 .borrowings under the facility bear interest at the greater of the administrative agent 2019s prime rate or the federal funds rate plus 0.50% ( 0.50 % ) ; however , we have the option to pay interest based on the outstanding amount at eurodollar rates plus a spread between 0.50% ( 0.50 % ) and 0.70% ( 0.70 % ) based on a pricing grid tied to a financial covenant .in addition , commitment fees are payable on the facility at rates between 0.125% ( 0.125 % ) and 0.175% ( 0.175 % ) per year based on a pricing grid tied to a financial covenant .as of october 31 , 2006 we had no outstanding borrowings under this credit facility and were in compliance with all the covenants .we believe that our current cash , cash equivalents , short-term investments , cash generated from operations , and available credit under our credit facility will satisfy our business requirements for at least the next twelve months. .
Question: what is the net change dso from 2005 to 2006?
Steps: subtract(39, 36)
Answer: 3.0
Question: what is the working capital in 2006?
| convfinqa2175 |
accounts receivable , net october 31 , 2006 october 31 , 2005 dollar change change . october 31 2006 | october 31 2005 | dollar change | % ( % ) change
( dollars in millions ) | ( dollars in millions ) | |
$ 122.6 | $ 100.2 | $ 22.4 | 22% ( 22 % ) the increase in accounts receivable was primarily due to the increased billings during the fiscal year ended october 31 , 2006 .days sales outstanding ( dso ) was 39 days at october 31 , 2006 and 36 days at october 31 , 2005 .our accounts receivable and dso are primarily driven by our billing and collections activities .net working capital working capital is comprised of current assets less current liabilities , as shown on our balance sheet .as of october 31 , 2006 , our working capital was $ 23.4 million , compared to $ 130.6 million as of october 31 , 2005 .the decrease in net working capital of $ 107.2 million was primarily due to ( 1 ) a decrease of $ 73.7 million in cash and cash equivalents ; ( 2 ) a decrease of current deferred tax assets of $ 83.2 million , primarily due to a tax accounting method change ; ( 3 ) a decrease in income taxes receivable of $ 5.8 million ; ( 4 ) an increase in income taxes payable of $ 21.5 million ; ( 5 ) an increase in deferred revenue of $ 29.9 million ; and ( 6 ) a net increase of $ 2.8 million in accounts payable and other liabilities which included a reclassification of debt of $ 7.5 million from long term to short term debt .this decrease was partially offset by ( 1 ) an increase in short-term investments of $ 59.9 million ; ( 2 ) an increase in prepaid and other assets of $ 27.4 million , which includes land of $ 23.4 million reclassified from property plant and equipment to asset held for sale within prepaid expense and other assets on our consolidated balance sheet ; and ( 3 ) an increase in accounts receivable of $ 22.4 million .other commitments 2014revolving credit facility on october 20 , 2006 , we entered into a five-year , $ 300.0 million senior unsecured revolving credit facility providing for loans to synopsys and certain of its foreign subsidiaries .the facility replaces our previous $ 250.0 million senior unsecured credit facility , which was terminated effective october 20 , 2006 .the amount of the facility may be increased by up to an additional $ 150.0 million through the fourth year of the facility .the facility contains financial covenants requiring us to maintain a minimum leverage ratio and specified levels of cash , as well as other non-financial covenants .the facility terminates on october 20 , 2011 .borrowings under the facility bear interest at the greater of the administrative agent 2019s prime rate or the federal funds rate plus 0.50% ( 0.50 % ) ; however , we have the option to pay interest based on the outstanding amount at eurodollar rates plus a spread between 0.50% ( 0.50 % ) and 0.70% ( 0.70 % ) based on a pricing grid tied to a financial covenant .in addition , commitment fees are payable on the facility at rates between 0.125% ( 0.125 % ) and 0.175% ( 0.175 % ) per year based on a pricing grid tied to a financial covenant .as of october 31 , 2006 we had no outstanding borrowings under this credit facility and were in compliance with all the covenants .we believe that our current cash , cash equivalents , short-term investments , cash generated from operations , and available credit under our credit facility will satisfy our business requirements for at least the next twelve months. .
Question: what is the net change dso from 2005 to 2006?
Steps: subtract(39, 36)
Answer: 3.0
Question: what is the working capital in 2006?
Steps: Ask for number 23.4
Answer: 23.4
Question: what about the balance of accounts receivables in 2006?
| 122.6 | 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.
accounts receivable , net october 31 , 2006 october 31 , 2005 dollar change change . october 31 2006 | october 31 2005 | dollar change | % ( % ) change
( dollars in millions ) | ( dollars in millions ) | |
$ 122.6 | $ 100.2 | $ 22.4 | 22% ( 22 % ) the increase in accounts receivable was primarily due to the increased billings during the fiscal year ended october 31 , 2006 .days sales outstanding ( dso ) was 39 days at october 31 , 2006 and 36 days at october 31 , 2005 .our accounts receivable and dso are primarily driven by our billing and collections activities .net working capital working capital is comprised of current assets less current liabilities , as shown on our balance sheet .as of october 31 , 2006 , our working capital was $ 23.4 million , compared to $ 130.6 million as of october 31 , 2005 .the decrease in net working capital of $ 107.2 million was primarily due to ( 1 ) a decrease of $ 73.7 million in cash and cash equivalents ; ( 2 ) a decrease of current deferred tax assets of $ 83.2 million , primarily due to a tax accounting method change ; ( 3 ) a decrease in income taxes receivable of $ 5.8 million ; ( 4 ) an increase in income taxes payable of $ 21.5 million ; ( 5 ) an increase in deferred revenue of $ 29.9 million ; and ( 6 ) a net increase of $ 2.8 million in accounts payable and other liabilities which included a reclassification of debt of $ 7.5 million from long term to short term debt .this decrease was partially offset by ( 1 ) an increase in short-term investments of $ 59.9 million ; ( 2 ) an increase in prepaid and other assets of $ 27.4 million , which includes land of $ 23.4 million reclassified from property plant and equipment to asset held for sale within prepaid expense and other assets on our consolidated balance sheet ; and ( 3 ) an increase in accounts receivable of $ 22.4 million .other commitments 2014revolving credit facility on october 20 , 2006 , we entered into a five-year , $ 300.0 million senior unsecured revolving credit facility providing for loans to synopsys and certain of its foreign subsidiaries .the facility replaces our previous $ 250.0 million senior unsecured credit facility , which was terminated effective october 20 , 2006 .the amount of the facility may be increased by up to an additional $ 150.0 million through the fourth year of the facility .the facility contains financial covenants requiring us to maintain a minimum leverage ratio and specified levels of cash , as well as other non-financial covenants .the facility terminates on october 20 , 2011 .borrowings under the facility bear interest at the greater of the administrative agent 2019s prime rate or the federal funds rate plus 0.50% ( 0.50 % ) ; however , we have the option to pay interest based on the outstanding amount at eurodollar rates plus a spread between 0.50% ( 0.50 % ) and 0.70% ( 0.70 % ) based on a pricing grid tied to a financial covenant .in addition , commitment fees are payable on the facility at rates between 0.125% ( 0.125 % ) and 0.175% ( 0.175 % ) per year based on a pricing grid tied to a financial covenant .as of october 31 , 2006 we had no outstanding borrowings under this credit facility and were in compliance with all the covenants .we believe that our current cash , cash equivalents , short-term investments , cash generated from operations , and available credit under our credit facility will satisfy our business requirements for at least the next twelve months. .
Question: what is the net change dso from 2005 to 2006?
Steps: subtract(39, 36)
Answer: 3.0
Question: what is the working capital in 2006?
Steps: Ask for number 23.4
Answer: 23.4
Question: what about the balance of accounts receivables in 2006?
| convfinqa2176 |
accounts receivable , net october 31 , 2006 october 31 , 2005 dollar change change . october 31 2006 | october 31 2005 | dollar change | % ( % ) change
( dollars in millions ) | ( dollars in millions ) | |
$ 122.6 | $ 100.2 | $ 22.4 | 22% ( 22 % ) the increase in accounts receivable was primarily due to the increased billings during the fiscal year ended october 31 , 2006 .days sales outstanding ( dso ) was 39 days at october 31 , 2006 and 36 days at october 31 , 2005 .our accounts receivable and dso are primarily driven by our billing and collections activities .net working capital working capital is comprised of current assets less current liabilities , as shown on our balance sheet .as of october 31 , 2006 , our working capital was $ 23.4 million , compared to $ 130.6 million as of october 31 , 2005 .the decrease in net working capital of $ 107.2 million was primarily due to ( 1 ) a decrease of $ 73.7 million in cash and cash equivalents ; ( 2 ) a decrease of current deferred tax assets of $ 83.2 million , primarily due to a tax accounting method change ; ( 3 ) a decrease in income taxes receivable of $ 5.8 million ; ( 4 ) an increase in income taxes payable of $ 21.5 million ; ( 5 ) an increase in deferred revenue of $ 29.9 million ; and ( 6 ) a net increase of $ 2.8 million in accounts payable and other liabilities which included a reclassification of debt of $ 7.5 million from long term to short term debt .this decrease was partially offset by ( 1 ) an increase in short-term investments of $ 59.9 million ; ( 2 ) an increase in prepaid and other assets of $ 27.4 million , which includes land of $ 23.4 million reclassified from property plant and equipment to asset held for sale within prepaid expense and other assets on our consolidated balance sheet ; and ( 3 ) an increase in accounts receivable of $ 22.4 million .other commitments 2014revolving credit facility on october 20 , 2006 , we entered into a five-year , $ 300.0 million senior unsecured revolving credit facility providing for loans to synopsys and certain of its foreign subsidiaries .the facility replaces our previous $ 250.0 million senior unsecured credit facility , which was terminated effective october 20 , 2006 .the amount of the facility may be increased by up to an additional $ 150.0 million through the fourth year of the facility .the facility contains financial covenants requiring us to maintain a minimum leverage ratio and specified levels of cash , as well as other non-financial covenants .the facility terminates on october 20 , 2011 .borrowings under the facility bear interest at the greater of the administrative agent 2019s prime rate or the federal funds rate plus 0.50% ( 0.50 % ) ; however , we have the option to pay interest based on the outstanding amount at eurodollar rates plus a spread between 0.50% ( 0.50 % ) and 0.70% ( 0.70 % ) based on a pricing grid tied to a financial covenant .in addition , commitment fees are payable on the facility at rates between 0.125% ( 0.125 % ) and 0.175% ( 0.175 % ) per year based on a pricing grid tied to a financial covenant .as of october 31 , 2006 we had no outstanding borrowings under this credit facility and were in compliance with all the covenants .we believe that our current cash , cash equivalents , short-term investments , cash generated from operations , and available credit under our credit facility will satisfy our business requirements for at least the next twelve months. .
Question: what is the net change dso from 2005 to 2006?
Steps: subtract(39, 36)
Answer: 3.0
Question: what is the working capital in 2006?
Steps: Ask for number 23.4
Answer: 23.4
Question: what about the balance of accounts receivables in 2006?
Steps: Ask for number 122.6
Answer: 122.6
Question: what portion is working capital?
| 0.19086 | 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.
accounts receivable , net october 31 , 2006 october 31 , 2005 dollar change change . october 31 2006 | october 31 2005 | dollar change | % ( % ) change
( dollars in millions ) | ( dollars in millions ) | |
$ 122.6 | $ 100.2 | $ 22.4 | 22% ( 22 % ) the increase in accounts receivable was primarily due to the increased billings during the fiscal year ended october 31 , 2006 .days sales outstanding ( dso ) was 39 days at october 31 , 2006 and 36 days at october 31 , 2005 .our accounts receivable and dso are primarily driven by our billing and collections activities .net working capital working capital is comprised of current assets less current liabilities , as shown on our balance sheet .as of october 31 , 2006 , our working capital was $ 23.4 million , compared to $ 130.6 million as of october 31 , 2005 .the decrease in net working capital of $ 107.2 million was primarily due to ( 1 ) a decrease of $ 73.7 million in cash and cash equivalents ; ( 2 ) a decrease of current deferred tax assets of $ 83.2 million , primarily due to a tax accounting method change ; ( 3 ) a decrease in income taxes receivable of $ 5.8 million ; ( 4 ) an increase in income taxes payable of $ 21.5 million ; ( 5 ) an increase in deferred revenue of $ 29.9 million ; and ( 6 ) a net increase of $ 2.8 million in accounts payable and other liabilities which included a reclassification of debt of $ 7.5 million from long term to short term debt .this decrease was partially offset by ( 1 ) an increase in short-term investments of $ 59.9 million ; ( 2 ) an increase in prepaid and other assets of $ 27.4 million , which includes land of $ 23.4 million reclassified from property plant and equipment to asset held for sale within prepaid expense and other assets on our consolidated balance sheet ; and ( 3 ) an increase in accounts receivable of $ 22.4 million .other commitments 2014revolving credit facility on october 20 , 2006 , we entered into a five-year , $ 300.0 million senior unsecured revolving credit facility providing for loans to synopsys and certain of its foreign subsidiaries .the facility replaces our previous $ 250.0 million senior unsecured credit facility , which was terminated effective october 20 , 2006 .the amount of the facility may be increased by up to an additional $ 150.0 million through the fourth year of the facility .the facility contains financial covenants requiring us to maintain a minimum leverage ratio and specified levels of cash , as well as other non-financial covenants .the facility terminates on october 20 , 2011 .borrowings under the facility bear interest at the greater of the administrative agent 2019s prime rate or the federal funds rate plus 0.50% ( 0.50 % ) ; however , we have the option to pay interest based on the outstanding amount at eurodollar rates plus a spread between 0.50% ( 0.50 % ) and 0.70% ( 0.70 % ) based on a pricing grid tied to a financial covenant .in addition , commitment fees are payable on the facility at rates between 0.125% ( 0.125 % ) and 0.175% ( 0.175 % ) per year based on a pricing grid tied to a financial covenant .as of october 31 , 2006 we had no outstanding borrowings under this credit facility and were in compliance with all the covenants .we believe that our current cash , cash equivalents , short-term investments , cash generated from operations , and available credit under our credit facility will satisfy our business requirements for at least the next twelve months. .
Question: what is the net change dso from 2005 to 2006?
Steps: subtract(39, 36)
Answer: 3.0
Question: what is the working capital in 2006?
Steps: Ask for number 23.4
Answer: 23.4
Question: what about the balance of accounts receivables in 2006?
Steps: Ask for number 122.6
Answer: 122.6
Question: what portion is working capital?
| convfinqa2177 |
9 .junior subordinated debt securities payable in accordance with the provisions of the junior subordinated debt securities which were issued on march 29 , 2004 , holdings elected to redeem the $ 329897 thousand of 6.2% ( 6.2 % ) junior subordinated debt securities outstanding on may 24 , 2013 .as a result of the early redemption , the company incurred pre-tax expense of $ 7282 thousand related to the immediate amortization of the remaining capitalized issuance costs on the trust preferred securities .interest expense incurred in connection with these junior subordinated debt securities is as follows for the periods indicated: . ( dollars in thousands ) | years ended december 31 , 2015 | years ended december 31 , 2014 | years ended december 31 , 2013
interest expense incurred | $ - | $ - | $ 8181 holdings considered the mechanisms and obligations relating to the trust preferred securities , taken together , constituted a full and unconditional guarantee by holdings of capital trust ii 2019s payment obligations with respect to their trust preferred securities .10 .reinsurance and trust agreements certain subsidiaries of group have established trust agreements , which effectively use the company 2019s investments as collateral , as security for assumed losses payable to certain non-affiliated ceding companies .at december 31 , 2015 , the total amount on deposit in trust accounts was $ 454384 thousand .on april 24 , 2014 , the company entered into two collateralized reinsurance agreements with kilimanjaro re limited ( 201ckilimanjaro 201d ) , a bermuda based special purpose reinsurer , to provide the company with catastrophe reinsurance coverage .these agreements are multi-year reinsurance contracts which cover specified named storm and earthquake events .the first agreement provides up to $ 250000 thousand of reinsurance coverage from named storms in specified states of the southeastern united states .the second agreement provides up to $ 200000 thousand of reinsurance coverage from named storms in specified states of the southeast , mid-atlantic and northeast regions of the united states and puerto rico as well as reinsurance coverage from earthquakes in specified states of the southeast , mid-atlantic , northeast and west regions of the united states , puerto rico and british columbia .on november 18 , 2014 , the company entered into a collateralized reinsurance agreement with kilimanjaro re to provide the company with catastrophe reinsurance coverage .this agreement is a multi-year reinsurance contract which covers specified earthquake events .the agreement provides up to $ 500000 thousand of reinsurance coverage from earthquakes in the united states , puerto rico and canada .on december 1 , 2015 the company entered into two collateralized reinsurance agreements with kilimanjaro re to provide the company with catastrophe reinsurance coverage .these agreements are multi-year reinsurance contracts which cover named storm and earthquake events .the first agreement provides up to $ 300000 thousand of reinsurance coverage from named storms and earthquakes in the united states , puerto rico and canada .the second agreement provides up to $ 325000 thousand of reinsurance coverage from named storms and earthquakes in the united states , puerto rico and canada .kilimanjaro has financed the various property catastrophe reinsurance coverage by issuing catastrophe bonds to unrelated , external investors .on april 24 , 2014 , kilimanjaro issued $ 450000 thousand of notes ( 201cseries 2014-1 notes 201d ) .on november 18 , 2014 , kilimanjaro issued $ 500000 thousand of notes ( 201cseries 2014-2 notes 201d ) .on december 1 , 2015 , kilimanjaro issued $ 625000 thousand of notes ( 201cseries 2015-1 notes ) .the proceeds from the issuance of the series 2014-1 notes , the series 2014-2 notes and the series 2015-1 notes are held in reinsurance trust throughout the duration of the applicable reinsurance agreements and invested solely in us government money market funds with a rating of at least 201caaam 201d by standard & poor 2019s. .
Question: what was the sum value of notes issued in 2014?
| 950000.0 | 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.
9 .junior subordinated debt securities payable in accordance with the provisions of the junior subordinated debt securities which were issued on march 29 , 2004 , holdings elected to redeem the $ 329897 thousand of 6.2% ( 6.2 % ) junior subordinated debt securities outstanding on may 24 , 2013 .as a result of the early redemption , the company incurred pre-tax expense of $ 7282 thousand related to the immediate amortization of the remaining capitalized issuance costs on the trust preferred securities .interest expense incurred in connection with these junior subordinated debt securities is as follows for the periods indicated: . ( dollars in thousands ) | years ended december 31 , 2015 | years ended december 31 , 2014 | years ended december 31 , 2013
interest expense incurred | $ - | $ - | $ 8181 holdings considered the mechanisms and obligations relating to the trust preferred securities , taken together , constituted a full and unconditional guarantee by holdings of capital trust ii 2019s payment obligations with respect to their trust preferred securities .10 .reinsurance and trust agreements certain subsidiaries of group have established trust agreements , which effectively use the company 2019s investments as collateral , as security for assumed losses payable to certain non-affiliated ceding companies .at december 31 , 2015 , the total amount on deposit in trust accounts was $ 454384 thousand .on april 24 , 2014 , the company entered into two collateralized reinsurance agreements with kilimanjaro re limited ( 201ckilimanjaro 201d ) , a bermuda based special purpose reinsurer , to provide the company with catastrophe reinsurance coverage .these agreements are multi-year reinsurance contracts which cover specified named storm and earthquake events .the first agreement provides up to $ 250000 thousand of reinsurance coverage from named storms in specified states of the southeastern united states .the second agreement provides up to $ 200000 thousand of reinsurance coverage from named storms in specified states of the southeast , mid-atlantic and northeast regions of the united states and puerto rico as well as reinsurance coverage from earthquakes in specified states of the southeast , mid-atlantic , northeast and west regions of the united states , puerto rico and british columbia .on november 18 , 2014 , the company entered into a collateralized reinsurance agreement with kilimanjaro re to provide the company with catastrophe reinsurance coverage .this agreement is a multi-year reinsurance contract which covers specified earthquake events .the agreement provides up to $ 500000 thousand of reinsurance coverage from earthquakes in the united states , puerto rico and canada .on december 1 , 2015 the company entered into two collateralized reinsurance agreements with kilimanjaro re to provide the company with catastrophe reinsurance coverage .these agreements are multi-year reinsurance contracts which cover named storm and earthquake events .the first agreement provides up to $ 300000 thousand of reinsurance coverage from named storms and earthquakes in the united states , puerto rico and canada .the second agreement provides up to $ 325000 thousand of reinsurance coverage from named storms and earthquakes in the united states , puerto rico and canada .kilimanjaro has financed the various property catastrophe reinsurance coverage by issuing catastrophe bonds to unrelated , external investors .on april 24 , 2014 , kilimanjaro issued $ 450000 thousand of notes ( 201cseries 2014-1 notes 201d ) .on november 18 , 2014 , kilimanjaro issued $ 500000 thousand of notes ( 201cseries 2014-2 notes 201d ) .on december 1 , 2015 , kilimanjaro issued $ 625000 thousand of notes ( 201cseries 2015-1 notes ) .the proceeds from the issuance of the series 2014-1 notes , the series 2014-2 notes and the series 2015-1 notes are held in reinsurance trust throughout the duration of the applicable reinsurance agreements and invested solely in us government money market funds with a rating of at least 201caaam 201d by standard & poor 2019s. .
Question: what was the sum value of notes issued in 2014?
| convfinqa2178 |
9 .junior subordinated debt securities payable in accordance with the provisions of the junior subordinated debt securities which were issued on march 29 , 2004 , holdings elected to redeem the $ 329897 thousand of 6.2% ( 6.2 % ) junior subordinated debt securities outstanding on may 24 , 2013 .as a result of the early redemption , the company incurred pre-tax expense of $ 7282 thousand related to the immediate amortization of the remaining capitalized issuance costs on the trust preferred securities .interest expense incurred in connection with these junior subordinated debt securities is as follows for the periods indicated: . ( dollars in thousands ) | years ended december 31 , 2015 | years ended december 31 , 2014 | years ended december 31 , 2013
interest expense incurred | $ - | $ - | $ 8181 holdings considered the mechanisms and obligations relating to the trust preferred securities , taken together , constituted a full and unconditional guarantee by holdings of capital trust ii 2019s payment obligations with respect to their trust preferred securities .10 .reinsurance and trust agreements certain subsidiaries of group have established trust agreements , which effectively use the company 2019s investments as collateral , as security for assumed losses payable to certain non-affiliated ceding companies .at december 31 , 2015 , the total amount on deposit in trust accounts was $ 454384 thousand .on april 24 , 2014 , the company entered into two collateralized reinsurance agreements with kilimanjaro re limited ( 201ckilimanjaro 201d ) , a bermuda based special purpose reinsurer , to provide the company with catastrophe reinsurance coverage .these agreements are multi-year reinsurance contracts which cover specified named storm and earthquake events .the first agreement provides up to $ 250000 thousand of reinsurance coverage from named storms in specified states of the southeastern united states .the second agreement provides up to $ 200000 thousand of reinsurance coverage from named storms in specified states of the southeast , mid-atlantic and northeast regions of the united states and puerto rico as well as reinsurance coverage from earthquakes in specified states of the southeast , mid-atlantic , northeast and west regions of the united states , puerto rico and british columbia .on november 18 , 2014 , the company entered into a collateralized reinsurance agreement with kilimanjaro re to provide the company with catastrophe reinsurance coverage .this agreement is a multi-year reinsurance contract which covers specified earthquake events .the agreement provides up to $ 500000 thousand of reinsurance coverage from earthquakes in the united states , puerto rico and canada .on december 1 , 2015 the company entered into two collateralized reinsurance agreements with kilimanjaro re to provide the company with catastrophe reinsurance coverage .these agreements are multi-year reinsurance contracts which cover named storm and earthquake events .the first agreement provides up to $ 300000 thousand of reinsurance coverage from named storms and earthquakes in the united states , puerto rico and canada .the second agreement provides up to $ 325000 thousand of reinsurance coverage from named storms and earthquakes in the united states , puerto rico and canada .kilimanjaro has financed the various property catastrophe reinsurance coverage by issuing catastrophe bonds to unrelated , external investors .on april 24 , 2014 , kilimanjaro issued $ 450000 thousand of notes ( 201cseries 2014-1 notes 201d ) .on november 18 , 2014 , kilimanjaro issued $ 500000 thousand of notes ( 201cseries 2014-2 notes 201d ) .on december 1 , 2015 , kilimanjaro issued $ 625000 thousand of notes ( 201cseries 2015-1 notes ) .the proceeds from the issuance of the series 2014-1 notes , the series 2014-2 notes and the series 2015-1 notes are held in reinsurance trust throughout the duration of the applicable reinsurance agreements and invested solely in us government money market funds with a rating of at least 201caaam 201d by standard & poor 2019s. .
Question: what was the sum value of notes issued in 2014?
Steps: add(450000, 500000)
Answer: 950000.0
Question: what was the value of notes issued in 2015?
| 625000.0 | 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.
9 .junior subordinated debt securities payable in accordance with the provisions of the junior subordinated debt securities which were issued on march 29 , 2004 , holdings elected to redeem the $ 329897 thousand of 6.2% ( 6.2 % ) junior subordinated debt securities outstanding on may 24 , 2013 .as a result of the early redemption , the company incurred pre-tax expense of $ 7282 thousand related to the immediate amortization of the remaining capitalized issuance costs on the trust preferred securities .interest expense incurred in connection with these junior subordinated debt securities is as follows for the periods indicated: . ( dollars in thousands ) | years ended december 31 , 2015 | years ended december 31 , 2014 | years ended december 31 , 2013
interest expense incurred | $ - | $ - | $ 8181 holdings considered the mechanisms and obligations relating to the trust preferred securities , taken together , constituted a full and unconditional guarantee by holdings of capital trust ii 2019s payment obligations with respect to their trust preferred securities .10 .reinsurance and trust agreements certain subsidiaries of group have established trust agreements , which effectively use the company 2019s investments as collateral , as security for assumed losses payable to certain non-affiliated ceding companies .at december 31 , 2015 , the total amount on deposit in trust accounts was $ 454384 thousand .on april 24 , 2014 , the company entered into two collateralized reinsurance agreements with kilimanjaro re limited ( 201ckilimanjaro 201d ) , a bermuda based special purpose reinsurer , to provide the company with catastrophe reinsurance coverage .these agreements are multi-year reinsurance contracts which cover specified named storm and earthquake events .the first agreement provides up to $ 250000 thousand of reinsurance coverage from named storms in specified states of the southeastern united states .the second agreement provides up to $ 200000 thousand of reinsurance coverage from named storms in specified states of the southeast , mid-atlantic and northeast regions of the united states and puerto rico as well as reinsurance coverage from earthquakes in specified states of the southeast , mid-atlantic , northeast and west regions of the united states , puerto rico and british columbia .on november 18 , 2014 , the company entered into a collateralized reinsurance agreement with kilimanjaro re to provide the company with catastrophe reinsurance coverage .this agreement is a multi-year reinsurance contract which covers specified earthquake events .the agreement provides up to $ 500000 thousand of reinsurance coverage from earthquakes in the united states , puerto rico and canada .on december 1 , 2015 the company entered into two collateralized reinsurance agreements with kilimanjaro re to provide the company with catastrophe reinsurance coverage .these agreements are multi-year reinsurance contracts which cover named storm and earthquake events .the first agreement provides up to $ 300000 thousand of reinsurance coverage from named storms and earthquakes in the united states , puerto rico and canada .the second agreement provides up to $ 325000 thousand of reinsurance coverage from named storms and earthquakes in the united states , puerto rico and canada .kilimanjaro has financed the various property catastrophe reinsurance coverage by issuing catastrophe bonds to unrelated , external investors .on april 24 , 2014 , kilimanjaro issued $ 450000 thousand of notes ( 201cseries 2014-1 notes 201d ) .on november 18 , 2014 , kilimanjaro issued $ 500000 thousand of notes ( 201cseries 2014-2 notes 201d ) .on december 1 , 2015 , kilimanjaro issued $ 625000 thousand of notes ( 201cseries 2015-1 notes ) .the proceeds from the issuance of the series 2014-1 notes , the series 2014-2 notes and the series 2015-1 notes are held in reinsurance trust throughout the duration of the applicable reinsurance agreements and invested solely in us government money market funds with a rating of at least 201caaam 201d by standard & poor 2019s. .
Question: what was the sum value of notes issued in 2014?
Steps: add(450000, 500000)
Answer: 950000.0
Question: what was the value of notes issued in 2015?
| convfinqa2179 |
9 .junior subordinated debt securities payable in accordance with the provisions of the junior subordinated debt securities which were issued on march 29 , 2004 , holdings elected to redeem the $ 329897 thousand of 6.2% ( 6.2 % ) junior subordinated debt securities outstanding on may 24 , 2013 .as a result of the early redemption , the company incurred pre-tax expense of $ 7282 thousand related to the immediate amortization of the remaining capitalized issuance costs on the trust preferred securities .interest expense incurred in connection with these junior subordinated debt securities is as follows for the periods indicated: . ( dollars in thousands ) | years ended december 31 , 2015 | years ended december 31 , 2014 | years ended december 31 , 2013
interest expense incurred | $ - | $ - | $ 8181 holdings considered the mechanisms and obligations relating to the trust preferred securities , taken together , constituted a full and unconditional guarantee by holdings of capital trust ii 2019s payment obligations with respect to their trust preferred securities .10 .reinsurance and trust agreements certain subsidiaries of group have established trust agreements , which effectively use the company 2019s investments as collateral , as security for assumed losses payable to certain non-affiliated ceding companies .at december 31 , 2015 , the total amount on deposit in trust accounts was $ 454384 thousand .on april 24 , 2014 , the company entered into two collateralized reinsurance agreements with kilimanjaro re limited ( 201ckilimanjaro 201d ) , a bermuda based special purpose reinsurer , to provide the company with catastrophe reinsurance coverage .these agreements are multi-year reinsurance contracts which cover specified named storm and earthquake events .the first agreement provides up to $ 250000 thousand of reinsurance coverage from named storms in specified states of the southeastern united states .the second agreement provides up to $ 200000 thousand of reinsurance coverage from named storms in specified states of the southeast , mid-atlantic and northeast regions of the united states and puerto rico as well as reinsurance coverage from earthquakes in specified states of the southeast , mid-atlantic , northeast and west regions of the united states , puerto rico and british columbia .on november 18 , 2014 , the company entered into a collateralized reinsurance agreement with kilimanjaro re to provide the company with catastrophe reinsurance coverage .this agreement is a multi-year reinsurance contract which covers specified earthquake events .the agreement provides up to $ 500000 thousand of reinsurance coverage from earthquakes in the united states , puerto rico and canada .on december 1 , 2015 the company entered into two collateralized reinsurance agreements with kilimanjaro re to provide the company with catastrophe reinsurance coverage .these agreements are multi-year reinsurance contracts which cover named storm and earthquake events .the first agreement provides up to $ 300000 thousand of reinsurance coverage from named storms and earthquakes in the united states , puerto rico and canada .the second agreement provides up to $ 325000 thousand of reinsurance coverage from named storms and earthquakes in the united states , puerto rico and canada .kilimanjaro has financed the various property catastrophe reinsurance coverage by issuing catastrophe bonds to unrelated , external investors .on april 24 , 2014 , kilimanjaro issued $ 450000 thousand of notes ( 201cseries 2014-1 notes 201d ) .on november 18 , 2014 , kilimanjaro issued $ 500000 thousand of notes ( 201cseries 2014-2 notes 201d ) .on december 1 , 2015 , kilimanjaro issued $ 625000 thousand of notes ( 201cseries 2015-1 notes ) .the proceeds from the issuance of the series 2014-1 notes , the series 2014-2 notes and the series 2015-1 notes are held in reinsurance trust throughout the duration of the applicable reinsurance agreements and invested solely in us government money market funds with a rating of at least 201caaam 201d by standard & poor 2019s. .
Question: what was the sum value of notes issued in 2014?
Steps: add(450000, 500000)
Answer: 950000.0
Question: what was the value of notes issued in 2015?
Steps: Ask for number 625000
Answer: 625000.0
Question: what is the total sum of the value of notes issued?
| 1575000.0 | 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.
9 .junior subordinated debt securities payable in accordance with the provisions of the junior subordinated debt securities which were issued on march 29 , 2004 , holdings elected to redeem the $ 329897 thousand of 6.2% ( 6.2 % ) junior subordinated debt securities outstanding on may 24 , 2013 .as a result of the early redemption , the company incurred pre-tax expense of $ 7282 thousand related to the immediate amortization of the remaining capitalized issuance costs on the trust preferred securities .interest expense incurred in connection with these junior subordinated debt securities is as follows for the periods indicated: . ( dollars in thousands ) | years ended december 31 , 2015 | years ended december 31 , 2014 | years ended december 31 , 2013
interest expense incurred | $ - | $ - | $ 8181 holdings considered the mechanisms and obligations relating to the trust preferred securities , taken together , constituted a full and unconditional guarantee by holdings of capital trust ii 2019s payment obligations with respect to their trust preferred securities .10 .reinsurance and trust agreements certain subsidiaries of group have established trust agreements , which effectively use the company 2019s investments as collateral , as security for assumed losses payable to certain non-affiliated ceding companies .at december 31 , 2015 , the total amount on deposit in trust accounts was $ 454384 thousand .on april 24 , 2014 , the company entered into two collateralized reinsurance agreements with kilimanjaro re limited ( 201ckilimanjaro 201d ) , a bermuda based special purpose reinsurer , to provide the company with catastrophe reinsurance coverage .these agreements are multi-year reinsurance contracts which cover specified named storm and earthquake events .the first agreement provides up to $ 250000 thousand of reinsurance coverage from named storms in specified states of the southeastern united states .the second agreement provides up to $ 200000 thousand of reinsurance coverage from named storms in specified states of the southeast , mid-atlantic and northeast regions of the united states and puerto rico as well as reinsurance coverage from earthquakes in specified states of the southeast , mid-atlantic , northeast and west regions of the united states , puerto rico and british columbia .on november 18 , 2014 , the company entered into a collateralized reinsurance agreement with kilimanjaro re to provide the company with catastrophe reinsurance coverage .this agreement is a multi-year reinsurance contract which covers specified earthquake events .the agreement provides up to $ 500000 thousand of reinsurance coverage from earthquakes in the united states , puerto rico and canada .on december 1 , 2015 the company entered into two collateralized reinsurance agreements with kilimanjaro re to provide the company with catastrophe reinsurance coverage .these agreements are multi-year reinsurance contracts which cover named storm and earthquake events .the first agreement provides up to $ 300000 thousand of reinsurance coverage from named storms and earthquakes in the united states , puerto rico and canada .the second agreement provides up to $ 325000 thousand of reinsurance coverage from named storms and earthquakes in the united states , puerto rico and canada .kilimanjaro has financed the various property catastrophe reinsurance coverage by issuing catastrophe bonds to unrelated , external investors .on april 24 , 2014 , kilimanjaro issued $ 450000 thousand of notes ( 201cseries 2014-1 notes 201d ) .on november 18 , 2014 , kilimanjaro issued $ 500000 thousand of notes ( 201cseries 2014-2 notes 201d ) .on december 1 , 2015 , kilimanjaro issued $ 625000 thousand of notes ( 201cseries 2015-1 notes ) .the proceeds from the issuance of the series 2014-1 notes , the series 2014-2 notes and the series 2015-1 notes are held in reinsurance trust throughout the duration of the applicable reinsurance agreements and invested solely in us government money market funds with a rating of at least 201caaam 201d by standard & poor 2019s. .
Question: what was the sum value of notes issued in 2014?
Steps: add(450000, 500000)
Answer: 950000.0
Question: what was the value of notes issued in 2015?
Steps: Ask for number 625000
Answer: 625000.0
Question: what is the total sum of the value of notes issued?
| convfinqa2180 |
liquidity and capital resources during the past three years , we had sufficient financial resources to meet our operating requirements , to fund our capital spending , share repurchases and pension plans and to pay increasing dividends to our shareholders .cash from operating activities was $ 1436 million , $ 1310 million , and $ 1345 million in 2011 , 2010 , and 2009 , respectively .higher earnings increased cash from operations in 2011 compared to 2010 , but the increase was reduced by cash used to fund an increase in working capital of $ 212 million driven by our sales growth in 2011 .cash provided by working capital was greater in 2009 than 2010 and that decline was more than offset by the cash from higher 2010 earnings .operating working capital is a subset of total working capital and represents ( 1 ) trade receivables-net of the allowance for doubtful accounts , plus ( 2 ) inventories on a first-in , first-out ( 201cfifo 201d ) basis , less ( 3 ) trade creditors 2019 liabilities .see note 3 , 201cworking capital detail 201d under item 8 of this form 10-k for further information related to the components of the company 2019s operating working capital .we believe operating working capital represents the key components of working capital under the operating control of our businesses .operating working capital at december 31 , 2011 and 2010 was $ 2.7 billion and $ 2.6 billion , respectively .a key metric we use to measure our working capital management is operating working capital as a percentage of sales ( fourth quarter sales annualized ) .( millions ) 2011 2010 operating working capital $ 2739 $ 2595 operating working capital as % ( % ) of sales 19.5% ( 19.5 % ) 19.2% ( 19.2 % ) the change in operating working capital elements , excluding the impact of currency and acquisitions , was an increase of $ 195 million during the year ended december 31 , 2011 .this increase was the net result of an increase in receivables from customers associated with the 2011 increase in sales and an increase in fifo inventory slightly offset by an increase in trade creditors 2019 liabilities .trade receivables from customers , net , as a percentage of fourth quarter sales , annualized , for 2011 was 17.9 percent , down slightly from 18.1 percent for 2010 .days sales outstanding was 66 days in 2011 , level with 2010 .inventories on a fifo basis as a percentage of fourth quarter sales , annualized , for 2011 was 13.1 percent level with 2010 .inventory turnover was 5.0 times in 2011 and 4.6 times in 2010 .total capital spending , including acquisitions , was $ 446 million , $ 341 million and $ 265 million in 2011 , 2010 , and 2009 , respectively .spending related to modernization and productivity improvements , expansion of existing businesses and environmental control projects was $ 390 million , $ 307 million and $ 239 million in 2011 , 2010 , and 2009 , respectively , and is expected to be in the range of $ 450-$ 550 million during 2012 .capital spending , excluding acquisitions , as a percentage of sales was 2.6% ( 2.6 % ) , 2.3% ( 2.3 % ) and 2.0% ( 2.0 % ) in 2011 , 2010 and 2009 , respectively .capital spending related to business acquisitions amounted to $ 56 million , $ 34 million , and $ 26 million in 2011 , 2010 and 2009 , respectively .we continue to evaluate acquisition opportunities and expect to use cash in 2012 to fund small to mid-sized acquisitions , as part of a balanced deployment of our cash to support growth in earnings .in january 2012 , the company closed the previously announced acquisitions of colpisa , a colombian producer of automotive oem and refinish coatings , and dyrup , a european architectural coatings company .the cost of these acquisitions , including assumed debt , was $ 193 million .dividends paid to shareholders totaled $ 355 million , $ 360 million and $ 353 million in 2011 , 2010 and 2009 , respectively .ppg has paid uninterrupted annual dividends since 1899 , and 2011 marked the 40th consecutive year of increased annual dividend payments to shareholders .we did not have a mandatory contribution to our u.s .defined benefit pension plans in 2011 ; however , we made voluntary contributions to these plans in 2011 totaling $ 50 million .in 2010 and 2009 , we made voluntary contributions to our u.s .defined benefit pension plans of $ 250 and $ 360 million ( of which $ 100 million was made in ppg stock ) , respectively .we expect to make voluntary contributions to our u.s .defined benefit pension plans in 2012 of up to $ 60 million .contributions were made to our non-u.s .defined benefit pension plans of $ 71 million , $ 87 million and $ 90 million ( of which approximately $ 20 million was made in ppg stock ) for 2011 , 2010 and 2009 , respectively , some of which were required by local funding requirements .we expect to make mandatory contributions to our non-u.s .plans in 2012 of approximately $ 90 million .the company 2019s share repurchase activity in 2011 , 2010 and 2009 was 10.2 million shares at a cost of $ 858 million , 8.1 million shares at a cost of $ 586 million and 1.5 million shares at a cost of $ 59 million , respectively .we expect to make share repurchases in 2012 as part of our cash deployment focused on earnings growth .the amount of spending will depend on the level of acquisition spending and other uses of cash , but we currently expect to spend in the range of $ 250 million to $ 500 million on share repurchases in 2012 .we can repurchase about 9 million shares under the current authorization from the board of directors .26 2011 ppg annual report and form 10-k . ( millions ) | 2011 | 2010 |
operating working capital | $ 2739 | $ 2595 |
operating working capital as % ( % ) of sales | 19.5% ( 19.5 % ) | 19.2 | % ( % ) liquidity and capital resources during the past three years , we had sufficient financial resources to meet our operating requirements , to fund our capital spending , share repurchases and pension plans and to pay increasing dividends to our shareholders .cash from operating activities was $ 1436 million , $ 1310 million , and $ 1345 million in 2011 , 2010 , and 2009 , respectively .higher earnings increased cash from operations in 2011 compared to 2010 , but the increase was reduced by cash used to fund an increase in working capital of $ 212 million driven by our sales growth in 2011 .cash provided by working capital was greater in 2009 than 2010 and that decline was more than offset by the cash from higher 2010 earnings .operating working capital is a subset of total working capital and represents ( 1 ) trade receivables-net of the allowance for doubtful accounts , plus ( 2 ) inventories on a first-in , first-out ( 201cfifo 201d ) basis , less ( 3 ) trade creditors 2019 liabilities .see note 3 , 201cworking capital detail 201d under item 8 of this form 10-k for further information related to the components of the company 2019s operating working capital .we believe operating working capital represents the key components of working capital under the operating control of our businesses .operating working capital at december 31 , 2011 and 2010 was $ 2.7 billion and $ 2.6 billion , respectively .a key metric we use to measure our working capital management is operating working capital as a percentage of sales ( fourth quarter sales annualized ) .( millions ) 2011 2010 operating working capital $ 2739 $ 2595 operating working capital as % ( % ) of sales 19.5% ( 19.5 % ) 19.2% ( 19.2 % ) the change in operating working capital elements , excluding the impact of currency and acquisitions , was an increase of $ 195 million during the year ended december 31 , 2011 .this increase was the net result of an increase in receivables from customers associated with the 2011 increase in sales and an increase in fifo inventory slightly offset by an increase in trade creditors 2019 liabilities .trade receivables from customers , net , as a percentage of fourth quarter sales , annualized , for 2011 was 17.9 percent , down slightly from 18.1 percent for 2010 .days sales outstanding was 66 days in 2011 , level with 2010 .inventories on a fifo basis as a percentage of fourth quarter sales , annualized , for 2011 was 13.1 percent level with 2010 .inventory turnover was 5.0 times in 2011 and 4.6 times in 2010 .total capital spending , including acquisitions , was $ 446 million , $ 341 million and $ 265 million in 2011 , 2010 , and 2009 , respectively .spending related to modernization and productivity improvements , expansion of existing businesses and environmental control projects was $ 390 million , $ 307 million and $ 239 million in 2011 , 2010 , and 2009 , respectively , and is expected to be in the range of $ 450-$ 550 million during 2012 .capital spending , excluding acquisitions , as a percentage of sales was 2.6% ( 2.6 % ) , 2.3% ( 2.3 % ) and 2.0% ( 2.0 % ) in 2011 , 2010 and 2009 , respectively .capital spending related to business acquisitions amounted to $ 56 million , $ 34 million , and $ 26 million in 2011 , 2010 and 2009 , respectively .we continue to evaluate acquisition opportunities and expect to use cash in 2012 to fund small to mid-sized acquisitions , as part of a balanced deployment of our cash to support growth in earnings .in january 2012 , the company closed the previously announced acquisitions of colpisa , a colombian producer of automotive oem and refinish coatings , and dyrup , a european architectural coatings company .the cost of these acquisitions , including assumed debt , was $ 193 million .dividends paid to shareholders totaled $ 355 million , $ 360 million and $ 353 million in 2011 , 2010 and 2009 , respectively .ppg has paid uninterrupted annual dividends since 1899 , and 2011 marked the 40th consecutive year of increased annual dividend payments to shareholders .we did not have a mandatory contribution to our u.s .defined benefit pension plans in 2011 ; however , we made voluntary contributions to these plans in 2011 totaling $ 50 million .in 2010 and 2009 , we made voluntary contributions to our u.s .defined benefit pension plans of $ 250 and $ 360 million ( of which $ 100 million was made in ppg stock ) , respectively .we expect to make voluntary contributions to our u.s .defined benefit pension plans in 2012 of up to $ 60 million .contributions were made to our non-u.s .defined benefit pension plans of $ 71 million , $ 87 million and $ 90 million ( of which approximately $ 20 million was made in ppg stock ) for 2011 , 2010 and 2009 , respectively , some of which were required by local funding requirements .we expect to make mandatory contributions to our non-u.s .plans in 2012 of approximately $ 90 million .the company 2019s share repurchase activity in 2011 , 2010 and 2009 was 10.2 million shares at a cost of $ 858 million , 8.1 million shares at a cost of $ 586 million and 1.5 million shares at a cost of $ 59 million , respectively .we expect to make share repurchases in 2012 as part of our cash deployment focused on earnings growth .the amount of spending will depend on the level of acquisition spending and other uses of cash , but we currently expect to spend in the range of $ 250 million to $ 500 million on share repurchases in 2012 .we can repurchase about 9 million shares under the current authorization from the board of directors .26 2011 ppg annual report and form 10-k .
Question: what was the value of cash from operating activities in 2011?
| 1436.0 | 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.
liquidity and capital resources during the past three years , we had sufficient financial resources to meet our operating requirements , to fund our capital spending , share repurchases and pension plans and to pay increasing dividends to our shareholders .cash from operating activities was $ 1436 million , $ 1310 million , and $ 1345 million in 2011 , 2010 , and 2009 , respectively .higher earnings increased cash from operations in 2011 compared to 2010 , but the increase was reduced by cash used to fund an increase in working capital of $ 212 million driven by our sales growth in 2011 .cash provided by working capital was greater in 2009 than 2010 and that decline was more than offset by the cash from higher 2010 earnings .operating working capital is a subset of total working capital and represents ( 1 ) trade receivables-net of the allowance for doubtful accounts , plus ( 2 ) inventories on a first-in , first-out ( 201cfifo 201d ) basis , less ( 3 ) trade creditors 2019 liabilities .see note 3 , 201cworking capital detail 201d under item 8 of this form 10-k for further information related to the components of the company 2019s operating working capital .we believe operating working capital represents the key components of working capital under the operating control of our businesses .operating working capital at december 31 , 2011 and 2010 was $ 2.7 billion and $ 2.6 billion , respectively .a key metric we use to measure our working capital management is operating working capital as a percentage of sales ( fourth quarter sales annualized ) .( millions ) 2011 2010 operating working capital $ 2739 $ 2595 operating working capital as % ( % ) of sales 19.5% ( 19.5 % ) 19.2% ( 19.2 % ) the change in operating working capital elements , excluding the impact of currency and acquisitions , was an increase of $ 195 million during the year ended december 31 , 2011 .this increase was the net result of an increase in receivables from customers associated with the 2011 increase in sales and an increase in fifo inventory slightly offset by an increase in trade creditors 2019 liabilities .trade receivables from customers , net , as a percentage of fourth quarter sales , annualized , for 2011 was 17.9 percent , down slightly from 18.1 percent for 2010 .days sales outstanding was 66 days in 2011 , level with 2010 .inventories on a fifo basis as a percentage of fourth quarter sales , annualized , for 2011 was 13.1 percent level with 2010 .inventory turnover was 5.0 times in 2011 and 4.6 times in 2010 .total capital spending , including acquisitions , was $ 446 million , $ 341 million and $ 265 million in 2011 , 2010 , and 2009 , respectively .spending related to modernization and productivity improvements , expansion of existing businesses and environmental control projects was $ 390 million , $ 307 million and $ 239 million in 2011 , 2010 , and 2009 , respectively , and is expected to be in the range of $ 450-$ 550 million during 2012 .capital spending , excluding acquisitions , as a percentage of sales was 2.6% ( 2.6 % ) , 2.3% ( 2.3 % ) and 2.0% ( 2.0 % ) in 2011 , 2010 and 2009 , respectively .capital spending related to business acquisitions amounted to $ 56 million , $ 34 million , and $ 26 million in 2011 , 2010 and 2009 , respectively .we continue to evaluate acquisition opportunities and expect to use cash in 2012 to fund small to mid-sized acquisitions , as part of a balanced deployment of our cash to support growth in earnings .in january 2012 , the company closed the previously announced acquisitions of colpisa , a colombian producer of automotive oem and refinish coatings , and dyrup , a european architectural coatings company .the cost of these acquisitions , including assumed debt , was $ 193 million .dividends paid to shareholders totaled $ 355 million , $ 360 million and $ 353 million in 2011 , 2010 and 2009 , respectively .ppg has paid uninterrupted annual dividends since 1899 , and 2011 marked the 40th consecutive year of increased annual dividend payments to shareholders .we did not have a mandatory contribution to our u.s .defined benefit pension plans in 2011 ; however , we made voluntary contributions to these plans in 2011 totaling $ 50 million .in 2010 and 2009 , we made voluntary contributions to our u.s .defined benefit pension plans of $ 250 and $ 360 million ( of which $ 100 million was made in ppg stock ) , respectively .we expect to make voluntary contributions to our u.s .defined benefit pension plans in 2012 of up to $ 60 million .contributions were made to our non-u.s .defined benefit pension plans of $ 71 million , $ 87 million and $ 90 million ( of which approximately $ 20 million was made in ppg stock ) for 2011 , 2010 and 2009 , respectively , some of which were required by local funding requirements .we expect to make mandatory contributions to our non-u.s .plans in 2012 of approximately $ 90 million .the company 2019s share repurchase activity in 2011 , 2010 and 2009 was 10.2 million shares at a cost of $ 858 million , 8.1 million shares at a cost of $ 586 million and 1.5 million shares at a cost of $ 59 million , respectively .we expect to make share repurchases in 2012 as part of our cash deployment focused on earnings growth .the amount of spending will depend on the level of acquisition spending and other uses of cash , but we currently expect to spend in the range of $ 250 million to $ 500 million on share repurchases in 2012 .we can repurchase about 9 million shares under the current authorization from the board of directors .26 2011 ppg annual report and form 10-k . ( millions ) | 2011 | 2010 |
operating working capital | $ 2739 | $ 2595 |
operating working capital as % ( % ) of sales | 19.5% ( 19.5 % ) | 19.2 | % ( % ) liquidity and capital resources during the past three years , we had sufficient financial resources to meet our operating requirements , to fund our capital spending , share repurchases and pension plans and to pay increasing dividends to our shareholders .cash from operating activities was $ 1436 million , $ 1310 million , and $ 1345 million in 2011 , 2010 , and 2009 , respectively .higher earnings increased cash from operations in 2011 compared to 2010 , but the increase was reduced by cash used to fund an increase in working capital of $ 212 million driven by our sales growth in 2011 .cash provided by working capital was greater in 2009 than 2010 and that decline was more than offset by the cash from higher 2010 earnings .operating working capital is a subset of total working capital and represents ( 1 ) trade receivables-net of the allowance for doubtful accounts , plus ( 2 ) inventories on a first-in , first-out ( 201cfifo 201d ) basis , less ( 3 ) trade creditors 2019 liabilities .see note 3 , 201cworking capital detail 201d under item 8 of this form 10-k for further information related to the components of the company 2019s operating working capital .we believe operating working capital represents the key components of working capital under the operating control of our businesses .operating working capital at december 31 , 2011 and 2010 was $ 2.7 billion and $ 2.6 billion , respectively .a key metric we use to measure our working capital management is operating working capital as a percentage of sales ( fourth quarter sales annualized ) .( millions ) 2011 2010 operating working capital $ 2739 $ 2595 operating working capital as % ( % ) of sales 19.5% ( 19.5 % ) 19.2% ( 19.2 % ) the change in operating working capital elements , excluding the impact of currency and acquisitions , was an increase of $ 195 million during the year ended december 31 , 2011 .this increase was the net result of an increase in receivables from customers associated with the 2011 increase in sales and an increase in fifo inventory slightly offset by an increase in trade creditors 2019 liabilities .trade receivables from customers , net , as a percentage of fourth quarter sales , annualized , for 2011 was 17.9 percent , down slightly from 18.1 percent for 2010 .days sales outstanding was 66 days in 2011 , level with 2010 .inventories on a fifo basis as a percentage of fourth quarter sales , annualized , for 2011 was 13.1 percent level with 2010 .inventory turnover was 5.0 times in 2011 and 4.6 times in 2010 .total capital spending , including acquisitions , was $ 446 million , $ 341 million and $ 265 million in 2011 , 2010 , and 2009 , respectively .spending related to modernization and productivity improvements , expansion of existing businesses and environmental control projects was $ 390 million , $ 307 million and $ 239 million in 2011 , 2010 , and 2009 , respectively , and is expected to be in the range of $ 450-$ 550 million during 2012 .capital spending , excluding acquisitions , as a percentage of sales was 2.6% ( 2.6 % ) , 2.3% ( 2.3 % ) and 2.0% ( 2.0 % ) in 2011 , 2010 and 2009 , respectively .capital spending related to business acquisitions amounted to $ 56 million , $ 34 million , and $ 26 million in 2011 , 2010 and 2009 , respectively .we continue to evaluate acquisition opportunities and expect to use cash in 2012 to fund small to mid-sized acquisitions , as part of a balanced deployment of our cash to support growth in earnings .in january 2012 , the company closed the previously announced acquisitions of colpisa , a colombian producer of automotive oem and refinish coatings , and dyrup , a european architectural coatings company .the cost of these acquisitions , including assumed debt , was $ 193 million .dividends paid to shareholders totaled $ 355 million , $ 360 million and $ 353 million in 2011 , 2010 and 2009 , respectively .ppg has paid uninterrupted annual dividends since 1899 , and 2011 marked the 40th consecutive year of increased annual dividend payments to shareholders .we did not have a mandatory contribution to our u.s .defined benefit pension plans in 2011 ; however , we made voluntary contributions to these plans in 2011 totaling $ 50 million .in 2010 and 2009 , we made voluntary contributions to our u.s .defined benefit pension plans of $ 250 and $ 360 million ( of which $ 100 million was made in ppg stock ) , respectively .we expect to make voluntary contributions to our u.s .defined benefit pension plans in 2012 of up to $ 60 million .contributions were made to our non-u.s .defined benefit pension plans of $ 71 million , $ 87 million and $ 90 million ( of which approximately $ 20 million was made in ppg stock ) for 2011 , 2010 and 2009 , respectively , some of which were required by local funding requirements .we expect to make mandatory contributions to our non-u.s .plans in 2012 of approximately $ 90 million .the company 2019s share repurchase activity in 2011 , 2010 and 2009 was 10.2 million shares at a cost of $ 858 million , 8.1 million shares at a cost of $ 586 million and 1.5 million shares at a cost of $ 59 million , respectively .we expect to make share repurchases in 2012 as part of our cash deployment focused on earnings growth .the amount of spending will depend on the level of acquisition spending and other uses of cash , but we currently expect to spend in the range of $ 250 million to $ 500 million on share repurchases in 2012 .we can repurchase about 9 million shares under the current authorization from the board of directors .26 2011 ppg annual report and form 10-k .
Question: what was the value of cash from operating activities in 2011?
| convfinqa2181 |
liquidity and capital resources during the past three years , we had sufficient financial resources to meet our operating requirements , to fund our capital spending , share repurchases and pension plans and to pay increasing dividends to our shareholders .cash from operating activities was $ 1436 million , $ 1310 million , and $ 1345 million in 2011 , 2010 , and 2009 , respectively .higher earnings increased cash from operations in 2011 compared to 2010 , but the increase was reduced by cash used to fund an increase in working capital of $ 212 million driven by our sales growth in 2011 .cash provided by working capital was greater in 2009 than 2010 and that decline was more than offset by the cash from higher 2010 earnings .operating working capital is a subset of total working capital and represents ( 1 ) trade receivables-net of the allowance for doubtful accounts , plus ( 2 ) inventories on a first-in , first-out ( 201cfifo 201d ) basis , less ( 3 ) trade creditors 2019 liabilities .see note 3 , 201cworking capital detail 201d under item 8 of this form 10-k for further information related to the components of the company 2019s operating working capital .we believe operating working capital represents the key components of working capital under the operating control of our businesses .operating working capital at december 31 , 2011 and 2010 was $ 2.7 billion and $ 2.6 billion , respectively .a key metric we use to measure our working capital management is operating working capital as a percentage of sales ( fourth quarter sales annualized ) .( millions ) 2011 2010 operating working capital $ 2739 $ 2595 operating working capital as % ( % ) of sales 19.5% ( 19.5 % ) 19.2% ( 19.2 % ) the change in operating working capital elements , excluding the impact of currency and acquisitions , was an increase of $ 195 million during the year ended december 31 , 2011 .this increase was the net result of an increase in receivables from customers associated with the 2011 increase in sales and an increase in fifo inventory slightly offset by an increase in trade creditors 2019 liabilities .trade receivables from customers , net , as a percentage of fourth quarter sales , annualized , for 2011 was 17.9 percent , down slightly from 18.1 percent for 2010 .days sales outstanding was 66 days in 2011 , level with 2010 .inventories on a fifo basis as a percentage of fourth quarter sales , annualized , for 2011 was 13.1 percent level with 2010 .inventory turnover was 5.0 times in 2011 and 4.6 times in 2010 .total capital spending , including acquisitions , was $ 446 million , $ 341 million and $ 265 million in 2011 , 2010 , and 2009 , respectively .spending related to modernization and productivity improvements , expansion of existing businesses and environmental control projects was $ 390 million , $ 307 million and $ 239 million in 2011 , 2010 , and 2009 , respectively , and is expected to be in the range of $ 450-$ 550 million during 2012 .capital spending , excluding acquisitions , as a percentage of sales was 2.6% ( 2.6 % ) , 2.3% ( 2.3 % ) and 2.0% ( 2.0 % ) in 2011 , 2010 and 2009 , respectively .capital spending related to business acquisitions amounted to $ 56 million , $ 34 million , and $ 26 million in 2011 , 2010 and 2009 , respectively .we continue to evaluate acquisition opportunities and expect to use cash in 2012 to fund small to mid-sized acquisitions , as part of a balanced deployment of our cash to support growth in earnings .in january 2012 , the company closed the previously announced acquisitions of colpisa , a colombian producer of automotive oem and refinish coatings , and dyrup , a european architectural coatings company .the cost of these acquisitions , including assumed debt , was $ 193 million .dividends paid to shareholders totaled $ 355 million , $ 360 million and $ 353 million in 2011 , 2010 and 2009 , respectively .ppg has paid uninterrupted annual dividends since 1899 , and 2011 marked the 40th consecutive year of increased annual dividend payments to shareholders .we did not have a mandatory contribution to our u.s .defined benefit pension plans in 2011 ; however , we made voluntary contributions to these plans in 2011 totaling $ 50 million .in 2010 and 2009 , we made voluntary contributions to our u.s .defined benefit pension plans of $ 250 and $ 360 million ( of which $ 100 million was made in ppg stock ) , respectively .we expect to make voluntary contributions to our u.s .defined benefit pension plans in 2012 of up to $ 60 million .contributions were made to our non-u.s .defined benefit pension plans of $ 71 million , $ 87 million and $ 90 million ( of which approximately $ 20 million was made in ppg stock ) for 2011 , 2010 and 2009 , respectively , some of which were required by local funding requirements .we expect to make mandatory contributions to our non-u.s .plans in 2012 of approximately $ 90 million .the company 2019s share repurchase activity in 2011 , 2010 and 2009 was 10.2 million shares at a cost of $ 858 million , 8.1 million shares at a cost of $ 586 million and 1.5 million shares at a cost of $ 59 million , respectively .we expect to make share repurchases in 2012 as part of our cash deployment focused on earnings growth .the amount of spending will depend on the level of acquisition spending and other uses of cash , but we currently expect to spend in the range of $ 250 million to $ 500 million on share repurchases in 2012 .we can repurchase about 9 million shares under the current authorization from the board of directors .26 2011 ppg annual report and form 10-k . ( millions ) | 2011 | 2010 |
operating working capital | $ 2739 | $ 2595 |
operating working capital as % ( % ) of sales | 19.5% ( 19.5 % ) | 19.2 | % ( % ) liquidity and capital resources during the past three years , we had sufficient financial resources to meet our operating requirements , to fund our capital spending , share repurchases and pension plans and to pay increasing dividends to our shareholders .cash from operating activities was $ 1436 million , $ 1310 million , and $ 1345 million in 2011 , 2010 , and 2009 , respectively .higher earnings increased cash from operations in 2011 compared to 2010 , but the increase was reduced by cash used to fund an increase in working capital of $ 212 million driven by our sales growth in 2011 .cash provided by working capital was greater in 2009 than 2010 and that decline was more than offset by the cash from higher 2010 earnings .operating working capital is a subset of total working capital and represents ( 1 ) trade receivables-net of the allowance for doubtful accounts , plus ( 2 ) inventories on a first-in , first-out ( 201cfifo 201d ) basis , less ( 3 ) trade creditors 2019 liabilities .see note 3 , 201cworking capital detail 201d under item 8 of this form 10-k for further information related to the components of the company 2019s operating working capital .we believe operating working capital represents the key components of working capital under the operating control of our businesses .operating working capital at december 31 , 2011 and 2010 was $ 2.7 billion and $ 2.6 billion , respectively .a key metric we use to measure our working capital management is operating working capital as a percentage of sales ( fourth quarter sales annualized ) .( millions ) 2011 2010 operating working capital $ 2739 $ 2595 operating working capital as % ( % ) of sales 19.5% ( 19.5 % ) 19.2% ( 19.2 % ) the change in operating working capital elements , excluding the impact of currency and acquisitions , was an increase of $ 195 million during the year ended december 31 , 2011 .this increase was the net result of an increase in receivables from customers associated with the 2011 increase in sales and an increase in fifo inventory slightly offset by an increase in trade creditors 2019 liabilities .trade receivables from customers , net , as a percentage of fourth quarter sales , annualized , for 2011 was 17.9 percent , down slightly from 18.1 percent for 2010 .days sales outstanding was 66 days in 2011 , level with 2010 .inventories on a fifo basis as a percentage of fourth quarter sales , annualized , for 2011 was 13.1 percent level with 2010 .inventory turnover was 5.0 times in 2011 and 4.6 times in 2010 .total capital spending , including acquisitions , was $ 446 million , $ 341 million and $ 265 million in 2011 , 2010 , and 2009 , respectively .spending related to modernization and productivity improvements , expansion of existing businesses and environmental control projects was $ 390 million , $ 307 million and $ 239 million in 2011 , 2010 , and 2009 , respectively , and is expected to be in the range of $ 450-$ 550 million during 2012 .capital spending , excluding acquisitions , as a percentage of sales was 2.6% ( 2.6 % ) , 2.3% ( 2.3 % ) and 2.0% ( 2.0 % ) in 2011 , 2010 and 2009 , respectively .capital spending related to business acquisitions amounted to $ 56 million , $ 34 million , and $ 26 million in 2011 , 2010 and 2009 , respectively .we continue to evaluate acquisition opportunities and expect to use cash in 2012 to fund small to mid-sized acquisitions , as part of a balanced deployment of our cash to support growth in earnings .in january 2012 , the company closed the previously announced acquisitions of colpisa , a colombian producer of automotive oem and refinish coatings , and dyrup , a european architectural coatings company .the cost of these acquisitions , including assumed debt , was $ 193 million .dividends paid to shareholders totaled $ 355 million , $ 360 million and $ 353 million in 2011 , 2010 and 2009 , respectively .ppg has paid uninterrupted annual dividends since 1899 , and 2011 marked the 40th consecutive year of increased annual dividend payments to shareholders .we did not have a mandatory contribution to our u.s .defined benefit pension plans in 2011 ; however , we made voluntary contributions to these plans in 2011 totaling $ 50 million .in 2010 and 2009 , we made voluntary contributions to our u.s .defined benefit pension plans of $ 250 and $ 360 million ( of which $ 100 million was made in ppg stock ) , respectively .we expect to make voluntary contributions to our u.s .defined benefit pension plans in 2012 of up to $ 60 million .contributions were made to our non-u.s .defined benefit pension plans of $ 71 million , $ 87 million and $ 90 million ( of which approximately $ 20 million was made in ppg stock ) for 2011 , 2010 and 2009 , respectively , some of which were required by local funding requirements .we expect to make mandatory contributions to our non-u.s .plans in 2012 of approximately $ 90 million .the company 2019s share repurchase activity in 2011 , 2010 and 2009 was 10.2 million shares at a cost of $ 858 million , 8.1 million shares at a cost of $ 586 million and 1.5 million shares at a cost of $ 59 million , respectively .we expect to make share repurchases in 2012 as part of our cash deployment focused on earnings growth .the amount of spending will depend on the level of acquisition spending and other uses of cash , but we currently expect to spend in the range of $ 250 million to $ 500 million on share repurchases in 2012 .we can repurchase about 9 million shares under the current authorization from the board of directors .26 2011 ppg annual report and form 10-k .
Question: what was the value of cash from operating activities in 2011?
Steps: Ask for number 1436
Answer: 1436.0
Question: what was the value in 2010?
| 1310.0 | 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.
liquidity and capital resources during the past three years , we had sufficient financial resources to meet our operating requirements , to fund our capital spending , share repurchases and pension plans and to pay increasing dividends to our shareholders .cash from operating activities was $ 1436 million , $ 1310 million , and $ 1345 million in 2011 , 2010 , and 2009 , respectively .higher earnings increased cash from operations in 2011 compared to 2010 , but the increase was reduced by cash used to fund an increase in working capital of $ 212 million driven by our sales growth in 2011 .cash provided by working capital was greater in 2009 than 2010 and that decline was more than offset by the cash from higher 2010 earnings .operating working capital is a subset of total working capital and represents ( 1 ) trade receivables-net of the allowance for doubtful accounts , plus ( 2 ) inventories on a first-in , first-out ( 201cfifo 201d ) basis , less ( 3 ) trade creditors 2019 liabilities .see note 3 , 201cworking capital detail 201d under item 8 of this form 10-k for further information related to the components of the company 2019s operating working capital .we believe operating working capital represents the key components of working capital under the operating control of our businesses .operating working capital at december 31 , 2011 and 2010 was $ 2.7 billion and $ 2.6 billion , respectively .a key metric we use to measure our working capital management is operating working capital as a percentage of sales ( fourth quarter sales annualized ) .( millions ) 2011 2010 operating working capital $ 2739 $ 2595 operating working capital as % ( % ) of sales 19.5% ( 19.5 % ) 19.2% ( 19.2 % ) the change in operating working capital elements , excluding the impact of currency and acquisitions , was an increase of $ 195 million during the year ended december 31 , 2011 .this increase was the net result of an increase in receivables from customers associated with the 2011 increase in sales and an increase in fifo inventory slightly offset by an increase in trade creditors 2019 liabilities .trade receivables from customers , net , as a percentage of fourth quarter sales , annualized , for 2011 was 17.9 percent , down slightly from 18.1 percent for 2010 .days sales outstanding was 66 days in 2011 , level with 2010 .inventories on a fifo basis as a percentage of fourth quarter sales , annualized , for 2011 was 13.1 percent level with 2010 .inventory turnover was 5.0 times in 2011 and 4.6 times in 2010 .total capital spending , including acquisitions , was $ 446 million , $ 341 million and $ 265 million in 2011 , 2010 , and 2009 , respectively .spending related to modernization and productivity improvements , expansion of existing businesses and environmental control projects was $ 390 million , $ 307 million and $ 239 million in 2011 , 2010 , and 2009 , respectively , and is expected to be in the range of $ 450-$ 550 million during 2012 .capital spending , excluding acquisitions , as a percentage of sales was 2.6% ( 2.6 % ) , 2.3% ( 2.3 % ) and 2.0% ( 2.0 % ) in 2011 , 2010 and 2009 , respectively .capital spending related to business acquisitions amounted to $ 56 million , $ 34 million , and $ 26 million in 2011 , 2010 and 2009 , respectively .we continue to evaluate acquisition opportunities and expect to use cash in 2012 to fund small to mid-sized acquisitions , as part of a balanced deployment of our cash to support growth in earnings .in january 2012 , the company closed the previously announced acquisitions of colpisa , a colombian producer of automotive oem and refinish coatings , and dyrup , a european architectural coatings company .the cost of these acquisitions , including assumed debt , was $ 193 million .dividends paid to shareholders totaled $ 355 million , $ 360 million and $ 353 million in 2011 , 2010 and 2009 , respectively .ppg has paid uninterrupted annual dividends since 1899 , and 2011 marked the 40th consecutive year of increased annual dividend payments to shareholders .we did not have a mandatory contribution to our u.s .defined benefit pension plans in 2011 ; however , we made voluntary contributions to these plans in 2011 totaling $ 50 million .in 2010 and 2009 , we made voluntary contributions to our u.s .defined benefit pension plans of $ 250 and $ 360 million ( of which $ 100 million was made in ppg stock ) , respectively .we expect to make voluntary contributions to our u.s .defined benefit pension plans in 2012 of up to $ 60 million .contributions were made to our non-u.s .defined benefit pension plans of $ 71 million , $ 87 million and $ 90 million ( of which approximately $ 20 million was made in ppg stock ) for 2011 , 2010 and 2009 , respectively , some of which were required by local funding requirements .we expect to make mandatory contributions to our non-u.s .plans in 2012 of approximately $ 90 million .the company 2019s share repurchase activity in 2011 , 2010 and 2009 was 10.2 million shares at a cost of $ 858 million , 8.1 million shares at a cost of $ 586 million and 1.5 million shares at a cost of $ 59 million , respectively .we expect to make share repurchases in 2012 as part of our cash deployment focused on earnings growth .the amount of spending will depend on the level of acquisition spending and other uses of cash , but we currently expect to spend in the range of $ 250 million to $ 500 million on share repurchases in 2012 .we can repurchase about 9 million shares under the current authorization from the board of directors .26 2011 ppg annual report and form 10-k . ( millions ) | 2011 | 2010 |
operating working capital | $ 2739 | $ 2595 |
operating working capital as % ( % ) of sales | 19.5% ( 19.5 % ) | 19.2 | % ( % ) liquidity and capital resources during the past three years , we had sufficient financial resources to meet our operating requirements , to fund our capital spending , share repurchases and pension plans and to pay increasing dividends to our shareholders .cash from operating activities was $ 1436 million , $ 1310 million , and $ 1345 million in 2011 , 2010 , and 2009 , respectively .higher earnings increased cash from operations in 2011 compared to 2010 , but the increase was reduced by cash used to fund an increase in working capital of $ 212 million driven by our sales growth in 2011 .cash provided by working capital was greater in 2009 than 2010 and that decline was more than offset by the cash from higher 2010 earnings .operating working capital is a subset of total working capital and represents ( 1 ) trade receivables-net of the allowance for doubtful accounts , plus ( 2 ) inventories on a first-in , first-out ( 201cfifo 201d ) basis , less ( 3 ) trade creditors 2019 liabilities .see note 3 , 201cworking capital detail 201d under item 8 of this form 10-k for further information related to the components of the company 2019s operating working capital .we believe operating working capital represents the key components of working capital under the operating control of our businesses .operating working capital at december 31 , 2011 and 2010 was $ 2.7 billion and $ 2.6 billion , respectively .a key metric we use to measure our working capital management is operating working capital as a percentage of sales ( fourth quarter sales annualized ) .( millions ) 2011 2010 operating working capital $ 2739 $ 2595 operating working capital as % ( % ) of sales 19.5% ( 19.5 % ) 19.2% ( 19.2 % ) the change in operating working capital elements , excluding the impact of currency and acquisitions , was an increase of $ 195 million during the year ended december 31 , 2011 .this increase was the net result of an increase in receivables from customers associated with the 2011 increase in sales and an increase in fifo inventory slightly offset by an increase in trade creditors 2019 liabilities .trade receivables from customers , net , as a percentage of fourth quarter sales , annualized , for 2011 was 17.9 percent , down slightly from 18.1 percent for 2010 .days sales outstanding was 66 days in 2011 , level with 2010 .inventories on a fifo basis as a percentage of fourth quarter sales , annualized , for 2011 was 13.1 percent level with 2010 .inventory turnover was 5.0 times in 2011 and 4.6 times in 2010 .total capital spending , including acquisitions , was $ 446 million , $ 341 million and $ 265 million in 2011 , 2010 , and 2009 , respectively .spending related to modernization and productivity improvements , expansion of existing businesses and environmental control projects was $ 390 million , $ 307 million and $ 239 million in 2011 , 2010 , and 2009 , respectively , and is expected to be in the range of $ 450-$ 550 million during 2012 .capital spending , excluding acquisitions , as a percentage of sales was 2.6% ( 2.6 % ) , 2.3% ( 2.3 % ) and 2.0% ( 2.0 % ) in 2011 , 2010 and 2009 , respectively .capital spending related to business acquisitions amounted to $ 56 million , $ 34 million , and $ 26 million in 2011 , 2010 and 2009 , respectively .we continue to evaluate acquisition opportunities and expect to use cash in 2012 to fund small to mid-sized acquisitions , as part of a balanced deployment of our cash to support growth in earnings .in january 2012 , the company closed the previously announced acquisitions of colpisa , a colombian producer of automotive oem and refinish coatings , and dyrup , a european architectural coatings company .the cost of these acquisitions , including assumed debt , was $ 193 million .dividends paid to shareholders totaled $ 355 million , $ 360 million and $ 353 million in 2011 , 2010 and 2009 , respectively .ppg has paid uninterrupted annual dividends since 1899 , and 2011 marked the 40th consecutive year of increased annual dividend payments to shareholders .we did not have a mandatory contribution to our u.s .defined benefit pension plans in 2011 ; however , we made voluntary contributions to these plans in 2011 totaling $ 50 million .in 2010 and 2009 , we made voluntary contributions to our u.s .defined benefit pension plans of $ 250 and $ 360 million ( of which $ 100 million was made in ppg stock ) , respectively .we expect to make voluntary contributions to our u.s .defined benefit pension plans in 2012 of up to $ 60 million .contributions were made to our non-u.s .defined benefit pension plans of $ 71 million , $ 87 million and $ 90 million ( of which approximately $ 20 million was made in ppg stock ) for 2011 , 2010 and 2009 , respectively , some of which were required by local funding requirements .we expect to make mandatory contributions to our non-u.s .plans in 2012 of approximately $ 90 million .the company 2019s share repurchase activity in 2011 , 2010 and 2009 was 10.2 million shares at a cost of $ 858 million , 8.1 million shares at a cost of $ 586 million and 1.5 million shares at a cost of $ 59 million , respectively .we expect to make share repurchases in 2012 as part of our cash deployment focused on earnings growth .the amount of spending will depend on the level of acquisition spending and other uses of cash , but we currently expect to spend in the range of $ 250 million to $ 500 million on share repurchases in 2012 .we can repurchase about 9 million shares under the current authorization from the board of directors .26 2011 ppg annual report and form 10-k .
Question: what was the value of cash from operating activities in 2011?
Steps: Ask for number 1436
Answer: 1436.0
Question: what was the value in 2010?
| convfinqa2182 |
liquidity and capital resources during the past three years , we had sufficient financial resources to meet our operating requirements , to fund our capital spending , share repurchases and pension plans and to pay increasing dividends to our shareholders .cash from operating activities was $ 1436 million , $ 1310 million , and $ 1345 million in 2011 , 2010 , and 2009 , respectively .higher earnings increased cash from operations in 2011 compared to 2010 , but the increase was reduced by cash used to fund an increase in working capital of $ 212 million driven by our sales growth in 2011 .cash provided by working capital was greater in 2009 than 2010 and that decline was more than offset by the cash from higher 2010 earnings .operating working capital is a subset of total working capital and represents ( 1 ) trade receivables-net of the allowance for doubtful accounts , plus ( 2 ) inventories on a first-in , first-out ( 201cfifo 201d ) basis , less ( 3 ) trade creditors 2019 liabilities .see note 3 , 201cworking capital detail 201d under item 8 of this form 10-k for further information related to the components of the company 2019s operating working capital .we believe operating working capital represents the key components of working capital under the operating control of our businesses .operating working capital at december 31 , 2011 and 2010 was $ 2.7 billion and $ 2.6 billion , respectively .a key metric we use to measure our working capital management is operating working capital as a percentage of sales ( fourth quarter sales annualized ) .( millions ) 2011 2010 operating working capital $ 2739 $ 2595 operating working capital as % ( % ) of sales 19.5% ( 19.5 % ) 19.2% ( 19.2 % ) the change in operating working capital elements , excluding the impact of currency and acquisitions , was an increase of $ 195 million during the year ended december 31 , 2011 .this increase was the net result of an increase in receivables from customers associated with the 2011 increase in sales and an increase in fifo inventory slightly offset by an increase in trade creditors 2019 liabilities .trade receivables from customers , net , as a percentage of fourth quarter sales , annualized , for 2011 was 17.9 percent , down slightly from 18.1 percent for 2010 .days sales outstanding was 66 days in 2011 , level with 2010 .inventories on a fifo basis as a percentage of fourth quarter sales , annualized , for 2011 was 13.1 percent level with 2010 .inventory turnover was 5.0 times in 2011 and 4.6 times in 2010 .total capital spending , including acquisitions , was $ 446 million , $ 341 million and $ 265 million in 2011 , 2010 , and 2009 , respectively .spending related to modernization and productivity improvements , expansion of existing businesses and environmental control projects was $ 390 million , $ 307 million and $ 239 million in 2011 , 2010 , and 2009 , respectively , and is expected to be in the range of $ 450-$ 550 million during 2012 .capital spending , excluding acquisitions , as a percentage of sales was 2.6% ( 2.6 % ) , 2.3% ( 2.3 % ) and 2.0% ( 2.0 % ) in 2011 , 2010 and 2009 , respectively .capital spending related to business acquisitions amounted to $ 56 million , $ 34 million , and $ 26 million in 2011 , 2010 and 2009 , respectively .we continue to evaluate acquisition opportunities and expect to use cash in 2012 to fund small to mid-sized acquisitions , as part of a balanced deployment of our cash to support growth in earnings .in january 2012 , the company closed the previously announced acquisitions of colpisa , a colombian producer of automotive oem and refinish coatings , and dyrup , a european architectural coatings company .the cost of these acquisitions , including assumed debt , was $ 193 million .dividends paid to shareholders totaled $ 355 million , $ 360 million and $ 353 million in 2011 , 2010 and 2009 , respectively .ppg has paid uninterrupted annual dividends since 1899 , and 2011 marked the 40th consecutive year of increased annual dividend payments to shareholders .we did not have a mandatory contribution to our u.s .defined benefit pension plans in 2011 ; however , we made voluntary contributions to these plans in 2011 totaling $ 50 million .in 2010 and 2009 , we made voluntary contributions to our u.s .defined benefit pension plans of $ 250 and $ 360 million ( of which $ 100 million was made in ppg stock ) , respectively .we expect to make voluntary contributions to our u.s .defined benefit pension plans in 2012 of up to $ 60 million .contributions were made to our non-u.s .defined benefit pension plans of $ 71 million , $ 87 million and $ 90 million ( of which approximately $ 20 million was made in ppg stock ) for 2011 , 2010 and 2009 , respectively , some of which were required by local funding requirements .we expect to make mandatory contributions to our non-u.s .plans in 2012 of approximately $ 90 million .the company 2019s share repurchase activity in 2011 , 2010 and 2009 was 10.2 million shares at a cost of $ 858 million , 8.1 million shares at a cost of $ 586 million and 1.5 million shares at a cost of $ 59 million , respectively .we expect to make share repurchases in 2012 as part of our cash deployment focused on earnings growth .the amount of spending will depend on the level of acquisition spending and other uses of cash , but we currently expect to spend in the range of $ 250 million to $ 500 million on share repurchases in 2012 .we can repurchase about 9 million shares under the current authorization from the board of directors .26 2011 ppg annual report and form 10-k . ( millions ) | 2011 | 2010 |
operating working capital | $ 2739 | $ 2595 |
operating working capital as % ( % ) of sales | 19.5% ( 19.5 % ) | 19.2 | % ( % ) liquidity and capital resources during the past three years , we had sufficient financial resources to meet our operating requirements , to fund our capital spending , share repurchases and pension plans and to pay increasing dividends to our shareholders .cash from operating activities was $ 1436 million , $ 1310 million , and $ 1345 million in 2011 , 2010 , and 2009 , respectively .higher earnings increased cash from operations in 2011 compared to 2010 , but the increase was reduced by cash used to fund an increase in working capital of $ 212 million driven by our sales growth in 2011 .cash provided by working capital was greater in 2009 than 2010 and that decline was more than offset by the cash from higher 2010 earnings .operating working capital is a subset of total working capital and represents ( 1 ) trade receivables-net of the allowance for doubtful accounts , plus ( 2 ) inventories on a first-in , first-out ( 201cfifo 201d ) basis , less ( 3 ) trade creditors 2019 liabilities .see note 3 , 201cworking capital detail 201d under item 8 of this form 10-k for further information related to the components of the company 2019s operating working capital .we believe operating working capital represents the key components of working capital under the operating control of our businesses .operating working capital at december 31 , 2011 and 2010 was $ 2.7 billion and $ 2.6 billion , respectively .a key metric we use to measure our working capital management is operating working capital as a percentage of sales ( fourth quarter sales annualized ) .( millions ) 2011 2010 operating working capital $ 2739 $ 2595 operating working capital as % ( % ) of sales 19.5% ( 19.5 % ) 19.2% ( 19.2 % ) the change in operating working capital elements , excluding the impact of currency and acquisitions , was an increase of $ 195 million during the year ended december 31 , 2011 .this increase was the net result of an increase in receivables from customers associated with the 2011 increase in sales and an increase in fifo inventory slightly offset by an increase in trade creditors 2019 liabilities .trade receivables from customers , net , as a percentage of fourth quarter sales , annualized , for 2011 was 17.9 percent , down slightly from 18.1 percent for 2010 .days sales outstanding was 66 days in 2011 , level with 2010 .inventories on a fifo basis as a percentage of fourth quarter sales , annualized , for 2011 was 13.1 percent level with 2010 .inventory turnover was 5.0 times in 2011 and 4.6 times in 2010 .total capital spending , including acquisitions , was $ 446 million , $ 341 million and $ 265 million in 2011 , 2010 , and 2009 , respectively .spending related to modernization and productivity improvements , expansion of existing businesses and environmental control projects was $ 390 million , $ 307 million and $ 239 million in 2011 , 2010 , and 2009 , respectively , and is expected to be in the range of $ 450-$ 550 million during 2012 .capital spending , excluding acquisitions , as a percentage of sales was 2.6% ( 2.6 % ) , 2.3% ( 2.3 % ) and 2.0% ( 2.0 % ) in 2011 , 2010 and 2009 , respectively .capital spending related to business acquisitions amounted to $ 56 million , $ 34 million , and $ 26 million in 2011 , 2010 and 2009 , respectively .we continue to evaluate acquisition opportunities and expect to use cash in 2012 to fund small to mid-sized acquisitions , as part of a balanced deployment of our cash to support growth in earnings .in january 2012 , the company closed the previously announced acquisitions of colpisa , a colombian producer of automotive oem and refinish coatings , and dyrup , a european architectural coatings company .the cost of these acquisitions , including assumed debt , was $ 193 million .dividends paid to shareholders totaled $ 355 million , $ 360 million and $ 353 million in 2011 , 2010 and 2009 , respectively .ppg has paid uninterrupted annual dividends since 1899 , and 2011 marked the 40th consecutive year of increased annual dividend payments to shareholders .we did not have a mandatory contribution to our u.s .defined benefit pension plans in 2011 ; however , we made voluntary contributions to these plans in 2011 totaling $ 50 million .in 2010 and 2009 , we made voluntary contributions to our u.s .defined benefit pension plans of $ 250 and $ 360 million ( of which $ 100 million was made in ppg stock ) , respectively .we expect to make voluntary contributions to our u.s .defined benefit pension plans in 2012 of up to $ 60 million .contributions were made to our non-u.s .defined benefit pension plans of $ 71 million , $ 87 million and $ 90 million ( of which approximately $ 20 million was made in ppg stock ) for 2011 , 2010 and 2009 , respectively , some of which were required by local funding requirements .we expect to make mandatory contributions to our non-u.s .plans in 2012 of approximately $ 90 million .the company 2019s share repurchase activity in 2011 , 2010 and 2009 was 10.2 million shares at a cost of $ 858 million , 8.1 million shares at a cost of $ 586 million and 1.5 million shares at a cost of $ 59 million , respectively .we expect to make share repurchases in 2012 as part of our cash deployment focused on earnings growth .the amount of spending will depend on the level of acquisition spending and other uses of cash , but we currently expect to spend in the range of $ 250 million to $ 500 million on share repurchases in 2012 .we can repurchase about 9 million shares under the current authorization from the board of directors .26 2011 ppg annual report and form 10-k .
Question: what was the value of cash from operating activities in 2011?
Steps: Ask for number 1436
Answer: 1436.0
Question: what was the value in 2010?
Steps: Ask for number 1310
Answer: 1310.0
Question: what is the new difference?
| 126.0 | 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.
liquidity and capital resources during the past three years , we had sufficient financial resources to meet our operating requirements , to fund our capital spending , share repurchases and pension plans and to pay increasing dividends to our shareholders .cash from operating activities was $ 1436 million , $ 1310 million , and $ 1345 million in 2011 , 2010 , and 2009 , respectively .higher earnings increased cash from operations in 2011 compared to 2010 , but the increase was reduced by cash used to fund an increase in working capital of $ 212 million driven by our sales growth in 2011 .cash provided by working capital was greater in 2009 than 2010 and that decline was more than offset by the cash from higher 2010 earnings .operating working capital is a subset of total working capital and represents ( 1 ) trade receivables-net of the allowance for doubtful accounts , plus ( 2 ) inventories on a first-in , first-out ( 201cfifo 201d ) basis , less ( 3 ) trade creditors 2019 liabilities .see note 3 , 201cworking capital detail 201d under item 8 of this form 10-k for further information related to the components of the company 2019s operating working capital .we believe operating working capital represents the key components of working capital under the operating control of our businesses .operating working capital at december 31 , 2011 and 2010 was $ 2.7 billion and $ 2.6 billion , respectively .a key metric we use to measure our working capital management is operating working capital as a percentage of sales ( fourth quarter sales annualized ) .( millions ) 2011 2010 operating working capital $ 2739 $ 2595 operating working capital as % ( % ) of sales 19.5% ( 19.5 % ) 19.2% ( 19.2 % ) the change in operating working capital elements , excluding the impact of currency and acquisitions , was an increase of $ 195 million during the year ended december 31 , 2011 .this increase was the net result of an increase in receivables from customers associated with the 2011 increase in sales and an increase in fifo inventory slightly offset by an increase in trade creditors 2019 liabilities .trade receivables from customers , net , as a percentage of fourth quarter sales , annualized , for 2011 was 17.9 percent , down slightly from 18.1 percent for 2010 .days sales outstanding was 66 days in 2011 , level with 2010 .inventories on a fifo basis as a percentage of fourth quarter sales , annualized , for 2011 was 13.1 percent level with 2010 .inventory turnover was 5.0 times in 2011 and 4.6 times in 2010 .total capital spending , including acquisitions , was $ 446 million , $ 341 million and $ 265 million in 2011 , 2010 , and 2009 , respectively .spending related to modernization and productivity improvements , expansion of existing businesses and environmental control projects was $ 390 million , $ 307 million and $ 239 million in 2011 , 2010 , and 2009 , respectively , and is expected to be in the range of $ 450-$ 550 million during 2012 .capital spending , excluding acquisitions , as a percentage of sales was 2.6% ( 2.6 % ) , 2.3% ( 2.3 % ) and 2.0% ( 2.0 % ) in 2011 , 2010 and 2009 , respectively .capital spending related to business acquisitions amounted to $ 56 million , $ 34 million , and $ 26 million in 2011 , 2010 and 2009 , respectively .we continue to evaluate acquisition opportunities and expect to use cash in 2012 to fund small to mid-sized acquisitions , as part of a balanced deployment of our cash to support growth in earnings .in january 2012 , the company closed the previously announced acquisitions of colpisa , a colombian producer of automotive oem and refinish coatings , and dyrup , a european architectural coatings company .the cost of these acquisitions , including assumed debt , was $ 193 million .dividends paid to shareholders totaled $ 355 million , $ 360 million and $ 353 million in 2011 , 2010 and 2009 , respectively .ppg has paid uninterrupted annual dividends since 1899 , and 2011 marked the 40th consecutive year of increased annual dividend payments to shareholders .we did not have a mandatory contribution to our u.s .defined benefit pension plans in 2011 ; however , we made voluntary contributions to these plans in 2011 totaling $ 50 million .in 2010 and 2009 , we made voluntary contributions to our u.s .defined benefit pension plans of $ 250 and $ 360 million ( of which $ 100 million was made in ppg stock ) , respectively .we expect to make voluntary contributions to our u.s .defined benefit pension plans in 2012 of up to $ 60 million .contributions were made to our non-u.s .defined benefit pension plans of $ 71 million , $ 87 million and $ 90 million ( of which approximately $ 20 million was made in ppg stock ) for 2011 , 2010 and 2009 , respectively , some of which were required by local funding requirements .we expect to make mandatory contributions to our non-u.s .plans in 2012 of approximately $ 90 million .the company 2019s share repurchase activity in 2011 , 2010 and 2009 was 10.2 million shares at a cost of $ 858 million , 8.1 million shares at a cost of $ 586 million and 1.5 million shares at a cost of $ 59 million , respectively .we expect to make share repurchases in 2012 as part of our cash deployment focused on earnings growth .the amount of spending will depend on the level of acquisition spending and other uses of cash , but we currently expect to spend in the range of $ 250 million to $ 500 million on share repurchases in 2012 .we can repurchase about 9 million shares under the current authorization from the board of directors .26 2011 ppg annual report and form 10-k . ( millions ) | 2011 | 2010 |
operating working capital | $ 2739 | $ 2595 |
operating working capital as % ( % ) of sales | 19.5% ( 19.5 % ) | 19.2 | % ( % ) liquidity and capital resources during the past three years , we had sufficient financial resources to meet our operating requirements , to fund our capital spending , share repurchases and pension plans and to pay increasing dividends to our shareholders .cash from operating activities was $ 1436 million , $ 1310 million , and $ 1345 million in 2011 , 2010 , and 2009 , respectively .higher earnings increased cash from operations in 2011 compared to 2010 , but the increase was reduced by cash used to fund an increase in working capital of $ 212 million driven by our sales growth in 2011 .cash provided by working capital was greater in 2009 than 2010 and that decline was more than offset by the cash from higher 2010 earnings .operating working capital is a subset of total working capital and represents ( 1 ) trade receivables-net of the allowance for doubtful accounts , plus ( 2 ) inventories on a first-in , first-out ( 201cfifo 201d ) basis , less ( 3 ) trade creditors 2019 liabilities .see note 3 , 201cworking capital detail 201d under item 8 of this form 10-k for further information related to the components of the company 2019s operating working capital .we believe operating working capital represents the key components of working capital under the operating control of our businesses .operating working capital at december 31 , 2011 and 2010 was $ 2.7 billion and $ 2.6 billion , respectively .a key metric we use to measure our working capital management is operating working capital as a percentage of sales ( fourth quarter sales annualized ) .( millions ) 2011 2010 operating working capital $ 2739 $ 2595 operating working capital as % ( % ) of sales 19.5% ( 19.5 % ) 19.2% ( 19.2 % ) the change in operating working capital elements , excluding the impact of currency and acquisitions , was an increase of $ 195 million during the year ended december 31 , 2011 .this increase was the net result of an increase in receivables from customers associated with the 2011 increase in sales and an increase in fifo inventory slightly offset by an increase in trade creditors 2019 liabilities .trade receivables from customers , net , as a percentage of fourth quarter sales , annualized , for 2011 was 17.9 percent , down slightly from 18.1 percent for 2010 .days sales outstanding was 66 days in 2011 , level with 2010 .inventories on a fifo basis as a percentage of fourth quarter sales , annualized , for 2011 was 13.1 percent level with 2010 .inventory turnover was 5.0 times in 2011 and 4.6 times in 2010 .total capital spending , including acquisitions , was $ 446 million , $ 341 million and $ 265 million in 2011 , 2010 , and 2009 , respectively .spending related to modernization and productivity improvements , expansion of existing businesses and environmental control projects was $ 390 million , $ 307 million and $ 239 million in 2011 , 2010 , and 2009 , respectively , and is expected to be in the range of $ 450-$ 550 million during 2012 .capital spending , excluding acquisitions , as a percentage of sales was 2.6% ( 2.6 % ) , 2.3% ( 2.3 % ) and 2.0% ( 2.0 % ) in 2011 , 2010 and 2009 , respectively .capital spending related to business acquisitions amounted to $ 56 million , $ 34 million , and $ 26 million in 2011 , 2010 and 2009 , respectively .we continue to evaluate acquisition opportunities and expect to use cash in 2012 to fund small to mid-sized acquisitions , as part of a balanced deployment of our cash to support growth in earnings .in january 2012 , the company closed the previously announced acquisitions of colpisa , a colombian producer of automotive oem and refinish coatings , and dyrup , a european architectural coatings company .the cost of these acquisitions , including assumed debt , was $ 193 million .dividends paid to shareholders totaled $ 355 million , $ 360 million and $ 353 million in 2011 , 2010 and 2009 , respectively .ppg has paid uninterrupted annual dividends since 1899 , and 2011 marked the 40th consecutive year of increased annual dividend payments to shareholders .we did not have a mandatory contribution to our u.s .defined benefit pension plans in 2011 ; however , we made voluntary contributions to these plans in 2011 totaling $ 50 million .in 2010 and 2009 , we made voluntary contributions to our u.s .defined benefit pension plans of $ 250 and $ 360 million ( of which $ 100 million was made in ppg stock ) , respectively .we expect to make voluntary contributions to our u.s .defined benefit pension plans in 2012 of up to $ 60 million .contributions were made to our non-u.s .defined benefit pension plans of $ 71 million , $ 87 million and $ 90 million ( of which approximately $ 20 million was made in ppg stock ) for 2011 , 2010 and 2009 , respectively , some of which were required by local funding requirements .we expect to make mandatory contributions to our non-u.s .plans in 2012 of approximately $ 90 million .the company 2019s share repurchase activity in 2011 , 2010 and 2009 was 10.2 million shares at a cost of $ 858 million , 8.1 million shares at a cost of $ 586 million and 1.5 million shares at a cost of $ 59 million , respectively .we expect to make share repurchases in 2012 as part of our cash deployment focused on earnings growth .the amount of spending will depend on the level of acquisition spending and other uses of cash , but we currently expect to spend in the range of $ 250 million to $ 500 million on share repurchases in 2012 .we can repurchase about 9 million shares under the current authorization from the board of directors .26 2011 ppg annual report and form 10-k .
Question: what was the value of cash from operating activities in 2011?
Steps: Ask for number 1436
Answer: 1436.0
Question: what was the value in 2010?
Steps: Ask for number 1310
Answer: 1310.0
Question: what is the new difference?
| convfinqa2183 |
liquidity and capital resources during the past three years , we had sufficient financial resources to meet our operating requirements , to fund our capital spending , share repurchases and pension plans and to pay increasing dividends to our shareholders .cash from operating activities was $ 1436 million , $ 1310 million , and $ 1345 million in 2011 , 2010 , and 2009 , respectively .higher earnings increased cash from operations in 2011 compared to 2010 , but the increase was reduced by cash used to fund an increase in working capital of $ 212 million driven by our sales growth in 2011 .cash provided by working capital was greater in 2009 than 2010 and that decline was more than offset by the cash from higher 2010 earnings .operating working capital is a subset of total working capital and represents ( 1 ) trade receivables-net of the allowance for doubtful accounts , plus ( 2 ) inventories on a first-in , first-out ( 201cfifo 201d ) basis , less ( 3 ) trade creditors 2019 liabilities .see note 3 , 201cworking capital detail 201d under item 8 of this form 10-k for further information related to the components of the company 2019s operating working capital .we believe operating working capital represents the key components of working capital under the operating control of our businesses .operating working capital at december 31 , 2011 and 2010 was $ 2.7 billion and $ 2.6 billion , respectively .a key metric we use to measure our working capital management is operating working capital as a percentage of sales ( fourth quarter sales annualized ) .( millions ) 2011 2010 operating working capital $ 2739 $ 2595 operating working capital as % ( % ) of sales 19.5% ( 19.5 % ) 19.2% ( 19.2 % ) the change in operating working capital elements , excluding the impact of currency and acquisitions , was an increase of $ 195 million during the year ended december 31 , 2011 .this increase was the net result of an increase in receivables from customers associated with the 2011 increase in sales and an increase in fifo inventory slightly offset by an increase in trade creditors 2019 liabilities .trade receivables from customers , net , as a percentage of fourth quarter sales , annualized , for 2011 was 17.9 percent , down slightly from 18.1 percent for 2010 .days sales outstanding was 66 days in 2011 , level with 2010 .inventories on a fifo basis as a percentage of fourth quarter sales , annualized , for 2011 was 13.1 percent level with 2010 .inventory turnover was 5.0 times in 2011 and 4.6 times in 2010 .total capital spending , including acquisitions , was $ 446 million , $ 341 million and $ 265 million in 2011 , 2010 , and 2009 , respectively .spending related to modernization and productivity improvements , expansion of existing businesses and environmental control projects was $ 390 million , $ 307 million and $ 239 million in 2011 , 2010 , and 2009 , respectively , and is expected to be in the range of $ 450-$ 550 million during 2012 .capital spending , excluding acquisitions , as a percentage of sales was 2.6% ( 2.6 % ) , 2.3% ( 2.3 % ) and 2.0% ( 2.0 % ) in 2011 , 2010 and 2009 , respectively .capital spending related to business acquisitions amounted to $ 56 million , $ 34 million , and $ 26 million in 2011 , 2010 and 2009 , respectively .we continue to evaluate acquisition opportunities and expect to use cash in 2012 to fund small to mid-sized acquisitions , as part of a balanced deployment of our cash to support growth in earnings .in january 2012 , the company closed the previously announced acquisitions of colpisa , a colombian producer of automotive oem and refinish coatings , and dyrup , a european architectural coatings company .the cost of these acquisitions , including assumed debt , was $ 193 million .dividends paid to shareholders totaled $ 355 million , $ 360 million and $ 353 million in 2011 , 2010 and 2009 , respectively .ppg has paid uninterrupted annual dividends since 1899 , and 2011 marked the 40th consecutive year of increased annual dividend payments to shareholders .we did not have a mandatory contribution to our u.s .defined benefit pension plans in 2011 ; however , we made voluntary contributions to these plans in 2011 totaling $ 50 million .in 2010 and 2009 , we made voluntary contributions to our u.s .defined benefit pension plans of $ 250 and $ 360 million ( of which $ 100 million was made in ppg stock ) , respectively .we expect to make voluntary contributions to our u.s .defined benefit pension plans in 2012 of up to $ 60 million .contributions were made to our non-u.s .defined benefit pension plans of $ 71 million , $ 87 million and $ 90 million ( of which approximately $ 20 million was made in ppg stock ) for 2011 , 2010 and 2009 , respectively , some of which were required by local funding requirements .we expect to make mandatory contributions to our non-u.s .plans in 2012 of approximately $ 90 million .the company 2019s share repurchase activity in 2011 , 2010 and 2009 was 10.2 million shares at a cost of $ 858 million , 8.1 million shares at a cost of $ 586 million and 1.5 million shares at a cost of $ 59 million , respectively .we expect to make share repurchases in 2012 as part of our cash deployment focused on earnings growth .the amount of spending will depend on the level of acquisition spending and other uses of cash , but we currently expect to spend in the range of $ 250 million to $ 500 million on share repurchases in 2012 .we can repurchase about 9 million shares under the current authorization from the board of directors .26 2011 ppg annual report and form 10-k . ( millions ) | 2011 | 2010 |
operating working capital | $ 2739 | $ 2595 |
operating working capital as % ( % ) of sales | 19.5% ( 19.5 % ) | 19.2 | % ( % ) liquidity and capital resources during the past three years , we had sufficient financial resources to meet our operating requirements , to fund our capital spending , share repurchases and pension plans and to pay increasing dividends to our shareholders .cash from operating activities was $ 1436 million , $ 1310 million , and $ 1345 million in 2011 , 2010 , and 2009 , respectively .higher earnings increased cash from operations in 2011 compared to 2010 , but the increase was reduced by cash used to fund an increase in working capital of $ 212 million driven by our sales growth in 2011 .cash provided by working capital was greater in 2009 than 2010 and that decline was more than offset by the cash from higher 2010 earnings .operating working capital is a subset of total working capital and represents ( 1 ) trade receivables-net of the allowance for doubtful accounts , plus ( 2 ) inventories on a first-in , first-out ( 201cfifo 201d ) basis , less ( 3 ) trade creditors 2019 liabilities .see note 3 , 201cworking capital detail 201d under item 8 of this form 10-k for further information related to the components of the company 2019s operating working capital .we believe operating working capital represents the key components of working capital under the operating control of our businesses .operating working capital at december 31 , 2011 and 2010 was $ 2.7 billion and $ 2.6 billion , respectively .a key metric we use to measure our working capital management is operating working capital as a percentage of sales ( fourth quarter sales annualized ) .( millions ) 2011 2010 operating working capital $ 2739 $ 2595 operating working capital as % ( % ) of sales 19.5% ( 19.5 % ) 19.2% ( 19.2 % ) the change in operating working capital elements , excluding the impact of currency and acquisitions , was an increase of $ 195 million during the year ended december 31 , 2011 .this increase was the net result of an increase in receivables from customers associated with the 2011 increase in sales and an increase in fifo inventory slightly offset by an increase in trade creditors 2019 liabilities .trade receivables from customers , net , as a percentage of fourth quarter sales , annualized , for 2011 was 17.9 percent , down slightly from 18.1 percent for 2010 .days sales outstanding was 66 days in 2011 , level with 2010 .inventories on a fifo basis as a percentage of fourth quarter sales , annualized , for 2011 was 13.1 percent level with 2010 .inventory turnover was 5.0 times in 2011 and 4.6 times in 2010 .total capital spending , including acquisitions , was $ 446 million , $ 341 million and $ 265 million in 2011 , 2010 , and 2009 , respectively .spending related to modernization and productivity improvements , expansion of existing businesses and environmental control projects was $ 390 million , $ 307 million and $ 239 million in 2011 , 2010 , and 2009 , respectively , and is expected to be in the range of $ 450-$ 550 million during 2012 .capital spending , excluding acquisitions , as a percentage of sales was 2.6% ( 2.6 % ) , 2.3% ( 2.3 % ) and 2.0% ( 2.0 % ) in 2011 , 2010 and 2009 , respectively .capital spending related to business acquisitions amounted to $ 56 million , $ 34 million , and $ 26 million in 2011 , 2010 and 2009 , respectively .we continue to evaluate acquisition opportunities and expect to use cash in 2012 to fund small to mid-sized acquisitions , as part of a balanced deployment of our cash to support growth in earnings .in january 2012 , the company closed the previously announced acquisitions of colpisa , a colombian producer of automotive oem and refinish coatings , and dyrup , a european architectural coatings company .the cost of these acquisitions , including assumed debt , was $ 193 million .dividends paid to shareholders totaled $ 355 million , $ 360 million and $ 353 million in 2011 , 2010 and 2009 , respectively .ppg has paid uninterrupted annual dividends since 1899 , and 2011 marked the 40th consecutive year of increased annual dividend payments to shareholders .we did not have a mandatory contribution to our u.s .defined benefit pension plans in 2011 ; however , we made voluntary contributions to these plans in 2011 totaling $ 50 million .in 2010 and 2009 , we made voluntary contributions to our u.s .defined benefit pension plans of $ 250 and $ 360 million ( of which $ 100 million was made in ppg stock ) , respectively .we expect to make voluntary contributions to our u.s .defined benefit pension plans in 2012 of up to $ 60 million .contributions were made to our non-u.s .defined benefit pension plans of $ 71 million , $ 87 million and $ 90 million ( of which approximately $ 20 million was made in ppg stock ) for 2011 , 2010 and 2009 , respectively , some of which were required by local funding requirements .we expect to make mandatory contributions to our non-u.s .plans in 2012 of approximately $ 90 million .the company 2019s share repurchase activity in 2011 , 2010 and 2009 was 10.2 million shares at a cost of $ 858 million , 8.1 million shares at a cost of $ 586 million and 1.5 million shares at a cost of $ 59 million , respectively .we expect to make share repurchases in 2012 as part of our cash deployment focused on earnings growth .the amount of spending will depend on the level of acquisition spending and other uses of cash , but we currently expect to spend in the range of $ 250 million to $ 500 million on share repurchases in 2012 .we can repurchase about 9 million shares under the current authorization from the board of directors .26 2011 ppg annual report and form 10-k .
Question: what was the value of cash from operating activities in 2011?
Steps: Ask for number 1436
Answer: 1436.0
Question: what was the value in 2010?
Steps: Ask for number 1310
Answer: 1310.0
Question: what is the new difference?
Steps: subtract(1436, 1310)
Answer: 126.0
Question: what is the percent change?
| 0.09618 | 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.
liquidity and capital resources during the past three years , we had sufficient financial resources to meet our operating requirements , to fund our capital spending , share repurchases and pension plans and to pay increasing dividends to our shareholders .cash from operating activities was $ 1436 million , $ 1310 million , and $ 1345 million in 2011 , 2010 , and 2009 , respectively .higher earnings increased cash from operations in 2011 compared to 2010 , but the increase was reduced by cash used to fund an increase in working capital of $ 212 million driven by our sales growth in 2011 .cash provided by working capital was greater in 2009 than 2010 and that decline was more than offset by the cash from higher 2010 earnings .operating working capital is a subset of total working capital and represents ( 1 ) trade receivables-net of the allowance for doubtful accounts , plus ( 2 ) inventories on a first-in , first-out ( 201cfifo 201d ) basis , less ( 3 ) trade creditors 2019 liabilities .see note 3 , 201cworking capital detail 201d under item 8 of this form 10-k for further information related to the components of the company 2019s operating working capital .we believe operating working capital represents the key components of working capital under the operating control of our businesses .operating working capital at december 31 , 2011 and 2010 was $ 2.7 billion and $ 2.6 billion , respectively .a key metric we use to measure our working capital management is operating working capital as a percentage of sales ( fourth quarter sales annualized ) .( millions ) 2011 2010 operating working capital $ 2739 $ 2595 operating working capital as % ( % ) of sales 19.5% ( 19.5 % ) 19.2% ( 19.2 % ) the change in operating working capital elements , excluding the impact of currency and acquisitions , was an increase of $ 195 million during the year ended december 31 , 2011 .this increase was the net result of an increase in receivables from customers associated with the 2011 increase in sales and an increase in fifo inventory slightly offset by an increase in trade creditors 2019 liabilities .trade receivables from customers , net , as a percentage of fourth quarter sales , annualized , for 2011 was 17.9 percent , down slightly from 18.1 percent for 2010 .days sales outstanding was 66 days in 2011 , level with 2010 .inventories on a fifo basis as a percentage of fourth quarter sales , annualized , for 2011 was 13.1 percent level with 2010 .inventory turnover was 5.0 times in 2011 and 4.6 times in 2010 .total capital spending , including acquisitions , was $ 446 million , $ 341 million and $ 265 million in 2011 , 2010 , and 2009 , respectively .spending related to modernization and productivity improvements , expansion of existing businesses and environmental control projects was $ 390 million , $ 307 million and $ 239 million in 2011 , 2010 , and 2009 , respectively , and is expected to be in the range of $ 450-$ 550 million during 2012 .capital spending , excluding acquisitions , as a percentage of sales was 2.6% ( 2.6 % ) , 2.3% ( 2.3 % ) and 2.0% ( 2.0 % ) in 2011 , 2010 and 2009 , respectively .capital spending related to business acquisitions amounted to $ 56 million , $ 34 million , and $ 26 million in 2011 , 2010 and 2009 , respectively .we continue to evaluate acquisition opportunities and expect to use cash in 2012 to fund small to mid-sized acquisitions , as part of a balanced deployment of our cash to support growth in earnings .in january 2012 , the company closed the previously announced acquisitions of colpisa , a colombian producer of automotive oem and refinish coatings , and dyrup , a european architectural coatings company .the cost of these acquisitions , including assumed debt , was $ 193 million .dividends paid to shareholders totaled $ 355 million , $ 360 million and $ 353 million in 2011 , 2010 and 2009 , respectively .ppg has paid uninterrupted annual dividends since 1899 , and 2011 marked the 40th consecutive year of increased annual dividend payments to shareholders .we did not have a mandatory contribution to our u.s .defined benefit pension plans in 2011 ; however , we made voluntary contributions to these plans in 2011 totaling $ 50 million .in 2010 and 2009 , we made voluntary contributions to our u.s .defined benefit pension plans of $ 250 and $ 360 million ( of which $ 100 million was made in ppg stock ) , respectively .we expect to make voluntary contributions to our u.s .defined benefit pension plans in 2012 of up to $ 60 million .contributions were made to our non-u.s .defined benefit pension plans of $ 71 million , $ 87 million and $ 90 million ( of which approximately $ 20 million was made in ppg stock ) for 2011 , 2010 and 2009 , respectively , some of which were required by local funding requirements .we expect to make mandatory contributions to our non-u.s .plans in 2012 of approximately $ 90 million .the company 2019s share repurchase activity in 2011 , 2010 and 2009 was 10.2 million shares at a cost of $ 858 million , 8.1 million shares at a cost of $ 586 million and 1.5 million shares at a cost of $ 59 million , respectively .we expect to make share repurchases in 2012 as part of our cash deployment focused on earnings growth .the amount of spending will depend on the level of acquisition spending and other uses of cash , but we currently expect to spend in the range of $ 250 million to $ 500 million on share repurchases in 2012 .we can repurchase about 9 million shares under the current authorization from the board of directors .26 2011 ppg annual report and form 10-k . ( millions ) | 2011 | 2010 |
operating working capital | $ 2739 | $ 2595 |
operating working capital as % ( % ) of sales | 19.5% ( 19.5 % ) | 19.2 | % ( % ) liquidity and capital resources during the past three years , we had sufficient financial resources to meet our operating requirements , to fund our capital spending , share repurchases and pension plans and to pay increasing dividends to our shareholders .cash from operating activities was $ 1436 million , $ 1310 million , and $ 1345 million in 2011 , 2010 , and 2009 , respectively .higher earnings increased cash from operations in 2011 compared to 2010 , but the increase was reduced by cash used to fund an increase in working capital of $ 212 million driven by our sales growth in 2011 .cash provided by working capital was greater in 2009 than 2010 and that decline was more than offset by the cash from higher 2010 earnings .operating working capital is a subset of total working capital and represents ( 1 ) trade receivables-net of the allowance for doubtful accounts , plus ( 2 ) inventories on a first-in , first-out ( 201cfifo 201d ) basis , less ( 3 ) trade creditors 2019 liabilities .see note 3 , 201cworking capital detail 201d under item 8 of this form 10-k for further information related to the components of the company 2019s operating working capital .we believe operating working capital represents the key components of working capital under the operating control of our businesses .operating working capital at december 31 , 2011 and 2010 was $ 2.7 billion and $ 2.6 billion , respectively .a key metric we use to measure our working capital management is operating working capital as a percentage of sales ( fourth quarter sales annualized ) .( millions ) 2011 2010 operating working capital $ 2739 $ 2595 operating working capital as % ( % ) of sales 19.5% ( 19.5 % ) 19.2% ( 19.2 % ) the change in operating working capital elements , excluding the impact of currency and acquisitions , was an increase of $ 195 million during the year ended december 31 , 2011 .this increase was the net result of an increase in receivables from customers associated with the 2011 increase in sales and an increase in fifo inventory slightly offset by an increase in trade creditors 2019 liabilities .trade receivables from customers , net , as a percentage of fourth quarter sales , annualized , for 2011 was 17.9 percent , down slightly from 18.1 percent for 2010 .days sales outstanding was 66 days in 2011 , level with 2010 .inventories on a fifo basis as a percentage of fourth quarter sales , annualized , for 2011 was 13.1 percent level with 2010 .inventory turnover was 5.0 times in 2011 and 4.6 times in 2010 .total capital spending , including acquisitions , was $ 446 million , $ 341 million and $ 265 million in 2011 , 2010 , and 2009 , respectively .spending related to modernization and productivity improvements , expansion of existing businesses and environmental control projects was $ 390 million , $ 307 million and $ 239 million in 2011 , 2010 , and 2009 , respectively , and is expected to be in the range of $ 450-$ 550 million during 2012 .capital spending , excluding acquisitions , as a percentage of sales was 2.6% ( 2.6 % ) , 2.3% ( 2.3 % ) and 2.0% ( 2.0 % ) in 2011 , 2010 and 2009 , respectively .capital spending related to business acquisitions amounted to $ 56 million , $ 34 million , and $ 26 million in 2011 , 2010 and 2009 , respectively .we continue to evaluate acquisition opportunities and expect to use cash in 2012 to fund small to mid-sized acquisitions , as part of a balanced deployment of our cash to support growth in earnings .in january 2012 , the company closed the previously announced acquisitions of colpisa , a colombian producer of automotive oem and refinish coatings , and dyrup , a european architectural coatings company .the cost of these acquisitions , including assumed debt , was $ 193 million .dividends paid to shareholders totaled $ 355 million , $ 360 million and $ 353 million in 2011 , 2010 and 2009 , respectively .ppg has paid uninterrupted annual dividends since 1899 , and 2011 marked the 40th consecutive year of increased annual dividend payments to shareholders .we did not have a mandatory contribution to our u.s .defined benefit pension plans in 2011 ; however , we made voluntary contributions to these plans in 2011 totaling $ 50 million .in 2010 and 2009 , we made voluntary contributions to our u.s .defined benefit pension plans of $ 250 and $ 360 million ( of which $ 100 million was made in ppg stock ) , respectively .we expect to make voluntary contributions to our u.s .defined benefit pension plans in 2012 of up to $ 60 million .contributions were made to our non-u.s .defined benefit pension plans of $ 71 million , $ 87 million and $ 90 million ( of which approximately $ 20 million was made in ppg stock ) for 2011 , 2010 and 2009 , respectively , some of which were required by local funding requirements .we expect to make mandatory contributions to our non-u.s .plans in 2012 of approximately $ 90 million .the company 2019s share repurchase activity in 2011 , 2010 and 2009 was 10.2 million shares at a cost of $ 858 million , 8.1 million shares at a cost of $ 586 million and 1.5 million shares at a cost of $ 59 million , respectively .we expect to make share repurchases in 2012 as part of our cash deployment focused on earnings growth .the amount of spending will depend on the level of acquisition spending and other uses of cash , but we currently expect to spend in the range of $ 250 million to $ 500 million on share repurchases in 2012 .we can repurchase about 9 million shares under the current authorization from the board of directors .26 2011 ppg annual report and form 10-k .
Question: what was the value of cash from operating activities in 2011?
Steps: Ask for number 1436
Answer: 1436.0
Question: what was the value in 2010?
Steps: Ask for number 1310
Answer: 1310.0
Question: what is the new difference?
Steps: subtract(1436, 1310)
Answer: 126.0
Question: what is the percent change?
| convfinqa2184 |
jpmorgan chase & co ./ 2007 annual report 117 nonrecurring fair value changes the following table presents the total change in value of financial instruments for which a fair value adjustment has been included in the consolidated statement of income for the year ended december 31 , 2007 , related to financial instruments held at december 31 , 2007 .year ended december 31 , 2007 ( in millions ) 2007 . year ended december 31 2007 ( in millions ) | 2007
loans | $ -720 ( 720 )
other assets | -161 ( 161 )
accounts payable accrued expense and other liabilities | 2
total nonrecurring fair value gains ( losses ) | $ -879 ( 879 ) in the above table , loans principally include changes in fair value for loans carried on the balance sheet at the lower of cost or fair value ; and accounts payable , accrued expense and other liabilities principally includes the change in fair value for unfunded lending-related commitments within the leveraged lending portfolio .level 3 assets analysis level 3 assets ( including assets measured at the lower of cost or fair value ) were 5% ( 5 % ) of total firm assets at december 31 , 2007 .these assets increased during 2007 principally during the second half of the year , when liquidity in mortgages and other credit products fell dra- matically .the increase was primarily due to an increase in leveraged loan balances within level 3 as the ability of the firm to syndicate this risk to third parties became limited by the credit environment .in addi- tion , there were transfers from level 2 to level 3 during 2007 .these transfers were principally for instruments within the mortgage market where inputs which are significant to their valuation became unob- servable during the year .subprime and alt-a whole loans , subprime home equity securities , commercial mortgage-backed mezzanine loans and credit default swaps referenced to asset-backed securities consti- tuted the majority of the affected instruments , reflecting a significant decline in liquidity in these instruments in the third and fourth quarters of 2007 , as new issue activity was nonexistent and independent pric- ing information was no longer available for these assets .transition in connection with the initial adoption of sfas 157 , the firm recorded the following on january 1 , 2007 : 2022 a cumulative effect increase to retained earnings of $ 287 million , primarily related to the release of profit previously deferred in accordance with eitf 02-3 ; 2022 an increase to pretax income of $ 166 million ( $ 103 million after-tax ) related to the incorporation of the firm 2019s creditworthiness in the valuation of liabilities recorded at fair value ; and 2022 an increase to pretax income of $ 464 million ( $ 288 million after-tax ) related to valuations of nonpublic private equity investments .prior to the adoption of sfas 157 , the firm applied the provisions of eitf 02-3 to its derivative portfolio .eitf 02-3 precluded the recogni- tion of initial trading profit in the absence of : ( a ) quoted market prices , ( b ) observable prices of other current market transactions or ( c ) other observable data supporting a valuation technique .in accor- dance with eitf 02-3 , the firm recognized the deferred profit in principal transactions revenue on a systematic basis ( typically straight- line amortization over the life of the instruments ) and when observ- able market data became available .prior to the adoption of sfas 157 the firm did not incorporate an adjustment into the valuation of liabilities carried at fair value on the consolidated balance sheet .commencing january 1 , 2007 , in accor- dance with the requirements of sfas 157 , an adjustment was made to the valuation of liabilities measured at fair value to reflect the credit quality of the firm .prior to the adoption of sfas 157 , privately held investments were initially valued based upon cost .the carrying values of privately held investments were adjusted from cost to reflect both positive and neg- ative changes evidenced by financing events with third-party capital providers .the investments were also subject to ongoing impairment reviews by private equity senior investment professionals .the increase in pretax income related to nonpublic private equity investments in connection with the adoption of sfas 157 was due to there being sufficient market evidence to support an increase in fair values using the sfas 157 methodology , although there had not been an actual third-party market transaction related to such investments .financial disclosures required by sfas 107 sfas 107 requires disclosure of the estimated fair value of certain financial instruments and the methods and significant assumptions used to estimate their fair values .many but not all of the financial instruments held by the firm are recorded at fair value on the consolidated balance sheets .financial instruments within the scope of sfas 107 that are not carried at fair value on the consolidated balance sheets are discussed below .additionally , certain financial instruments and all nonfinancial instruments are excluded from the scope of sfas 107 .accordingly , the fair value disclosures required by sfas 107 provide only a partial estimate of the fair value of jpmorgan chase .for example , the firm has developed long-term relationships with its customers through its deposit base and credit card accounts , commonly referred to as core deposit intangibles and credit card relationships .in the opinion of management , these items , in the aggregate , add significant value to jpmorgan chase , but their fair value is not disclosed in this note .financial instruments for which fair value approximates carrying value certain financial instruments that are not carried at fair value on the consolidated balance sheets are carried at amounts that approxi- mate fair value due to their short-term nature and generally negligi- ble credit risk .these instruments include cash and due from banks , deposits with banks , federal funds sold , securities purchased under resale agreements with short-dated maturities , securities borrowed , short-term receivables and accrued interest receivable , commercial paper , federal funds purchased , securities sold under repurchase agreements with short-dated maturities , other borrowed funds , accounts payable and accrued liabilities .in addition , sfas 107 requires that the fair value for deposit liabilities with no stated matu- rity ( i.e. , demand , savings and certain money market deposits ) be equal to their carrying value .sfas 107 does not allow for the recog- nition of the inherent funding value of these instruments. .
Question: what is the increase to pretax income of 2022 in million?
| 166.0 | 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.
jpmorgan chase & co ./ 2007 annual report 117 nonrecurring fair value changes the following table presents the total change in value of financial instruments for which a fair value adjustment has been included in the consolidated statement of income for the year ended december 31 , 2007 , related to financial instruments held at december 31 , 2007 .year ended december 31 , 2007 ( in millions ) 2007 . year ended december 31 2007 ( in millions ) | 2007
loans | $ -720 ( 720 )
other assets | -161 ( 161 )
accounts payable accrued expense and other liabilities | 2
total nonrecurring fair value gains ( losses ) | $ -879 ( 879 ) in the above table , loans principally include changes in fair value for loans carried on the balance sheet at the lower of cost or fair value ; and accounts payable , accrued expense and other liabilities principally includes the change in fair value for unfunded lending-related commitments within the leveraged lending portfolio .level 3 assets analysis level 3 assets ( including assets measured at the lower of cost or fair value ) were 5% ( 5 % ) of total firm assets at december 31 , 2007 .these assets increased during 2007 principally during the second half of the year , when liquidity in mortgages and other credit products fell dra- matically .the increase was primarily due to an increase in leveraged loan balances within level 3 as the ability of the firm to syndicate this risk to third parties became limited by the credit environment .in addi- tion , there were transfers from level 2 to level 3 during 2007 .these transfers were principally for instruments within the mortgage market where inputs which are significant to their valuation became unob- servable during the year .subprime and alt-a whole loans , subprime home equity securities , commercial mortgage-backed mezzanine loans and credit default swaps referenced to asset-backed securities consti- tuted the majority of the affected instruments , reflecting a significant decline in liquidity in these instruments in the third and fourth quarters of 2007 , as new issue activity was nonexistent and independent pric- ing information was no longer available for these assets .transition in connection with the initial adoption of sfas 157 , the firm recorded the following on january 1 , 2007 : 2022 a cumulative effect increase to retained earnings of $ 287 million , primarily related to the release of profit previously deferred in accordance with eitf 02-3 ; 2022 an increase to pretax income of $ 166 million ( $ 103 million after-tax ) related to the incorporation of the firm 2019s creditworthiness in the valuation of liabilities recorded at fair value ; and 2022 an increase to pretax income of $ 464 million ( $ 288 million after-tax ) related to valuations of nonpublic private equity investments .prior to the adoption of sfas 157 , the firm applied the provisions of eitf 02-3 to its derivative portfolio .eitf 02-3 precluded the recogni- tion of initial trading profit in the absence of : ( a ) quoted market prices , ( b ) observable prices of other current market transactions or ( c ) other observable data supporting a valuation technique .in accor- dance with eitf 02-3 , the firm recognized the deferred profit in principal transactions revenue on a systematic basis ( typically straight- line amortization over the life of the instruments ) and when observ- able market data became available .prior to the adoption of sfas 157 the firm did not incorporate an adjustment into the valuation of liabilities carried at fair value on the consolidated balance sheet .commencing january 1 , 2007 , in accor- dance with the requirements of sfas 157 , an adjustment was made to the valuation of liabilities measured at fair value to reflect the credit quality of the firm .prior to the adoption of sfas 157 , privately held investments were initially valued based upon cost .the carrying values of privately held investments were adjusted from cost to reflect both positive and neg- ative changes evidenced by financing events with third-party capital providers .the investments were also subject to ongoing impairment reviews by private equity senior investment professionals .the increase in pretax income related to nonpublic private equity investments in connection with the adoption of sfas 157 was due to there being sufficient market evidence to support an increase in fair values using the sfas 157 methodology , although there had not been an actual third-party market transaction related to such investments .financial disclosures required by sfas 107 sfas 107 requires disclosure of the estimated fair value of certain financial instruments and the methods and significant assumptions used to estimate their fair values .many but not all of the financial instruments held by the firm are recorded at fair value on the consolidated balance sheets .financial instruments within the scope of sfas 107 that are not carried at fair value on the consolidated balance sheets are discussed below .additionally , certain financial instruments and all nonfinancial instruments are excluded from the scope of sfas 107 .accordingly , the fair value disclosures required by sfas 107 provide only a partial estimate of the fair value of jpmorgan chase .for example , the firm has developed long-term relationships with its customers through its deposit base and credit card accounts , commonly referred to as core deposit intangibles and credit card relationships .in the opinion of management , these items , in the aggregate , add significant value to jpmorgan chase , but their fair value is not disclosed in this note .financial instruments for which fair value approximates carrying value certain financial instruments that are not carried at fair value on the consolidated balance sheets are carried at amounts that approxi- mate fair value due to their short-term nature and generally negligi- ble credit risk .these instruments include cash and due from banks , deposits with banks , federal funds sold , securities purchased under resale agreements with short-dated maturities , securities borrowed , short-term receivables and accrued interest receivable , commercial paper , federal funds purchased , securities sold under repurchase agreements with short-dated maturities , other borrowed funds , accounts payable and accrued liabilities .in addition , sfas 107 requires that the fair value for deposit liabilities with no stated matu- rity ( i.e. , demand , savings and certain money market deposits ) be equal to their carrying value .sfas 107 does not allow for the recog- nition of the inherent funding value of these instruments. .
Question: what is the increase to pretax income of 2022 in million?
| convfinqa2185 |
jpmorgan chase & co ./ 2007 annual report 117 nonrecurring fair value changes the following table presents the total change in value of financial instruments for which a fair value adjustment has been included in the consolidated statement of income for the year ended december 31 , 2007 , related to financial instruments held at december 31 , 2007 .year ended december 31 , 2007 ( in millions ) 2007 . year ended december 31 2007 ( in millions ) | 2007
loans | $ -720 ( 720 )
other assets | -161 ( 161 )
accounts payable accrued expense and other liabilities | 2
total nonrecurring fair value gains ( losses ) | $ -879 ( 879 ) in the above table , loans principally include changes in fair value for loans carried on the balance sheet at the lower of cost or fair value ; and accounts payable , accrued expense and other liabilities principally includes the change in fair value for unfunded lending-related commitments within the leveraged lending portfolio .level 3 assets analysis level 3 assets ( including assets measured at the lower of cost or fair value ) were 5% ( 5 % ) of total firm assets at december 31 , 2007 .these assets increased during 2007 principally during the second half of the year , when liquidity in mortgages and other credit products fell dra- matically .the increase was primarily due to an increase in leveraged loan balances within level 3 as the ability of the firm to syndicate this risk to third parties became limited by the credit environment .in addi- tion , there were transfers from level 2 to level 3 during 2007 .these transfers were principally for instruments within the mortgage market where inputs which are significant to their valuation became unob- servable during the year .subprime and alt-a whole loans , subprime home equity securities , commercial mortgage-backed mezzanine loans and credit default swaps referenced to asset-backed securities consti- tuted the majority of the affected instruments , reflecting a significant decline in liquidity in these instruments in the third and fourth quarters of 2007 , as new issue activity was nonexistent and independent pric- ing information was no longer available for these assets .transition in connection with the initial adoption of sfas 157 , the firm recorded the following on january 1 , 2007 : 2022 a cumulative effect increase to retained earnings of $ 287 million , primarily related to the release of profit previously deferred in accordance with eitf 02-3 ; 2022 an increase to pretax income of $ 166 million ( $ 103 million after-tax ) related to the incorporation of the firm 2019s creditworthiness in the valuation of liabilities recorded at fair value ; and 2022 an increase to pretax income of $ 464 million ( $ 288 million after-tax ) related to valuations of nonpublic private equity investments .prior to the adoption of sfas 157 , the firm applied the provisions of eitf 02-3 to its derivative portfolio .eitf 02-3 precluded the recogni- tion of initial trading profit in the absence of : ( a ) quoted market prices , ( b ) observable prices of other current market transactions or ( c ) other observable data supporting a valuation technique .in accor- dance with eitf 02-3 , the firm recognized the deferred profit in principal transactions revenue on a systematic basis ( typically straight- line amortization over the life of the instruments ) and when observ- able market data became available .prior to the adoption of sfas 157 the firm did not incorporate an adjustment into the valuation of liabilities carried at fair value on the consolidated balance sheet .commencing january 1 , 2007 , in accor- dance with the requirements of sfas 157 , an adjustment was made to the valuation of liabilities measured at fair value to reflect the credit quality of the firm .prior to the adoption of sfas 157 , privately held investments were initially valued based upon cost .the carrying values of privately held investments were adjusted from cost to reflect both positive and neg- ative changes evidenced by financing events with third-party capital providers .the investments were also subject to ongoing impairment reviews by private equity senior investment professionals .the increase in pretax income related to nonpublic private equity investments in connection with the adoption of sfas 157 was due to there being sufficient market evidence to support an increase in fair values using the sfas 157 methodology , although there had not been an actual third-party market transaction related to such investments .financial disclosures required by sfas 107 sfas 107 requires disclosure of the estimated fair value of certain financial instruments and the methods and significant assumptions used to estimate their fair values .many but not all of the financial instruments held by the firm are recorded at fair value on the consolidated balance sheets .financial instruments within the scope of sfas 107 that are not carried at fair value on the consolidated balance sheets are discussed below .additionally , certain financial instruments and all nonfinancial instruments are excluded from the scope of sfas 107 .accordingly , the fair value disclosures required by sfas 107 provide only a partial estimate of the fair value of jpmorgan chase .for example , the firm has developed long-term relationships with its customers through its deposit base and credit card accounts , commonly referred to as core deposit intangibles and credit card relationships .in the opinion of management , these items , in the aggregate , add significant value to jpmorgan chase , but their fair value is not disclosed in this note .financial instruments for which fair value approximates carrying value certain financial instruments that are not carried at fair value on the consolidated balance sheets are carried at amounts that approxi- mate fair value due to their short-term nature and generally negligi- ble credit risk .these instruments include cash and due from banks , deposits with banks , federal funds sold , securities purchased under resale agreements with short-dated maturities , securities borrowed , short-term receivables and accrued interest receivable , commercial paper , federal funds purchased , securities sold under repurchase agreements with short-dated maturities , other borrowed funds , accounts payable and accrued liabilities .in addition , sfas 107 requires that the fair value for deposit liabilities with no stated matu- rity ( i.e. , demand , savings and certain money market deposits ) be equal to their carrying value .sfas 107 does not allow for the recog- nition of the inherent funding value of these instruments. .
Question: what is the increase to pretax income of 2022 in million?
Steps: Ask for number 166
Answer: 166.0
Question: and that in million after-tax?
| 103.0 | 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.
jpmorgan chase & co ./ 2007 annual report 117 nonrecurring fair value changes the following table presents the total change in value of financial instruments for which a fair value adjustment has been included in the consolidated statement of income for the year ended december 31 , 2007 , related to financial instruments held at december 31 , 2007 .year ended december 31 , 2007 ( in millions ) 2007 . year ended december 31 2007 ( in millions ) | 2007
loans | $ -720 ( 720 )
other assets | -161 ( 161 )
accounts payable accrued expense and other liabilities | 2
total nonrecurring fair value gains ( losses ) | $ -879 ( 879 ) in the above table , loans principally include changes in fair value for loans carried on the balance sheet at the lower of cost or fair value ; and accounts payable , accrued expense and other liabilities principally includes the change in fair value for unfunded lending-related commitments within the leveraged lending portfolio .level 3 assets analysis level 3 assets ( including assets measured at the lower of cost or fair value ) were 5% ( 5 % ) of total firm assets at december 31 , 2007 .these assets increased during 2007 principally during the second half of the year , when liquidity in mortgages and other credit products fell dra- matically .the increase was primarily due to an increase in leveraged loan balances within level 3 as the ability of the firm to syndicate this risk to third parties became limited by the credit environment .in addi- tion , there were transfers from level 2 to level 3 during 2007 .these transfers were principally for instruments within the mortgage market where inputs which are significant to their valuation became unob- servable during the year .subprime and alt-a whole loans , subprime home equity securities , commercial mortgage-backed mezzanine loans and credit default swaps referenced to asset-backed securities consti- tuted the majority of the affected instruments , reflecting a significant decline in liquidity in these instruments in the third and fourth quarters of 2007 , as new issue activity was nonexistent and independent pric- ing information was no longer available for these assets .transition in connection with the initial adoption of sfas 157 , the firm recorded the following on january 1 , 2007 : 2022 a cumulative effect increase to retained earnings of $ 287 million , primarily related to the release of profit previously deferred in accordance with eitf 02-3 ; 2022 an increase to pretax income of $ 166 million ( $ 103 million after-tax ) related to the incorporation of the firm 2019s creditworthiness in the valuation of liabilities recorded at fair value ; and 2022 an increase to pretax income of $ 464 million ( $ 288 million after-tax ) related to valuations of nonpublic private equity investments .prior to the adoption of sfas 157 , the firm applied the provisions of eitf 02-3 to its derivative portfolio .eitf 02-3 precluded the recogni- tion of initial trading profit in the absence of : ( a ) quoted market prices , ( b ) observable prices of other current market transactions or ( c ) other observable data supporting a valuation technique .in accor- dance with eitf 02-3 , the firm recognized the deferred profit in principal transactions revenue on a systematic basis ( typically straight- line amortization over the life of the instruments ) and when observ- able market data became available .prior to the adoption of sfas 157 the firm did not incorporate an adjustment into the valuation of liabilities carried at fair value on the consolidated balance sheet .commencing january 1 , 2007 , in accor- dance with the requirements of sfas 157 , an adjustment was made to the valuation of liabilities measured at fair value to reflect the credit quality of the firm .prior to the adoption of sfas 157 , privately held investments were initially valued based upon cost .the carrying values of privately held investments were adjusted from cost to reflect both positive and neg- ative changes evidenced by financing events with third-party capital providers .the investments were also subject to ongoing impairment reviews by private equity senior investment professionals .the increase in pretax income related to nonpublic private equity investments in connection with the adoption of sfas 157 was due to there being sufficient market evidence to support an increase in fair values using the sfas 157 methodology , although there had not been an actual third-party market transaction related to such investments .financial disclosures required by sfas 107 sfas 107 requires disclosure of the estimated fair value of certain financial instruments and the methods and significant assumptions used to estimate their fair values .many but not all of the financial instruments held by the firm are recorded at fair value on the consolidated balance sheets .financial instruments within the scope of sfas 107 that are not carried at fair value on the consolidated balance sheets are discussed below .additionally , certain financial instruments and all nonfinancial instruments are excluded from the scope of sfas 107 .accordingly , the fair value disclosures required by sfas 107 provide only a partial estimate of the fair value of jpmorgan chase .for example , the firm has developed long-term relationships with its customers through its deposit base and credit card accounts , commonly referred to as core deposit intangibles and credit card relationships .in the opinion of management , these items , in the aggregate , add significant value to jpmorgan chase , but their fair value is not disclosed in this note .financial instruments for which fair value approximates carrying value certain financial instruments that are not carried at fair value on the consolidated balance sheets are carried at amounts that approxi- mate fair value due to their short-term nature and generally negligi- ble credit risk .these instruments include cash and due from banks , deposits with banks , federal funds sold , securities purchased under resale agreements with short-dated maturities , securities borrowed , short-term receivables and accrued interest receivable , commercial paper , federal funds purchased , securities sold under repurchase agreements with short-dated maturities , other borrowed funds , accounts payable and accrued liabilities .in addition , sfas 107 requires that the fair value for deposit liabilities with no stated matu- rity ( i.e. , demand , savings and certain money market deposits ) be equal to their carrying value .sfas 107 does not allow for the recog- nition of the inherent funding value of these instruments. .
Question: what is the increase to pretax income of 2022 in million?
Steps: Ask for number 166
Answer: 166.0
Question: and that in million after-tax?
| convfinqa2186 |
jpmorgan chase & co ./ 2007 annual report 117 nonrecurring fair value changes the following table presents the total change in value of financial instruments for which a fair value adjustment has been included in the consolidated statement of income for the year ended december 31 , 2007 , related to financial instruments held at december 31 , 2007 .year ended december 31 , 2007 ( in millions ) 2007 . year ended december 31 2007 ( in millions ) | 2007
loans | $ -720 ( 720 )
other assets | -161 ( 161 )
accounts payable accrued expense and other liabilities | 2
total nonrecurring fair value gains ( losses ) | $ -879 ( 879 ) in the above table , loans principally include changes in fair value for loans carried on the balance sheet at the lower of cost or fair value ; and accounts payable , accrued expense and other liabilities principally includes the change in fair value for unfunded lending-related commitments within the leveraged lending portfolio .level 3 assets analysis level 3 assets ( including assets measured at the lower of cost or fair value ) were 5% ( 5 % ) of total firm assets at december 31 , 2007 .these assets increased during 2007 principally during the second half of the year , when liquidity in mortgages and other credit products fell dra- matically .the increase was primarily due to an increase in leveraged loan balances within level 3 as the ability of the firm to syndicate this risk to third parties became limited by the credit environment .in addi- tion , there were transfers from level 2 to level 3 during 2007 .these transfers were principally for instruments within the mortgage market where inputs which are significant to their valuation became unob- servable during the year .subprime and alt-a whole loans , subprime home equity securities , commercial mortgage-backed mezzanine loans and credit default swaps referenced to asset-backed securities consti- tuted the majority of the affected instruments , reflecting a significant decline in liquidity in these instruments in the third and fourth quarters of 2007 , as new issue activity was nonexistent and independent pric- ing information was no longer available for these assets .transition in connection with the initial adoption of sfas 157 , the firm recorded the following on january 1 , 2007 : 2022 a cumulative effect increase to retained earnings of $ 287 million , primarily related to the release of profit previously deferred in accordance with eitf 02-3 ; 2022 an increase to pretax income of $ 166 million ( $ 103 million after-tax ) related to the incorporation of the firm 2019s creditworthiness in the valuation of liabilities recorded at fair value ; and 2022 an increase to pretax income of $ 464 million ( $ 288 million after-tax ) related to valuations of nonpublic private equity investments .prior to the adoption of sfas 157 , the firm applied the provisions of eitf 02-3 to its derivative portfolio .eitf 02-3 precluded the recogni- tion of initial trading profit in the absence of : ( a ) quoted market prices , ( b ) observable prices of other current market transactions or ( c ) other observable data supporting a valuation technique .in accor- dance with eitf 02-3 , the firm recognized the deferred profit in principal transactions revenue on a systematic basis ( typically straight- line amortization over the life of the instruments ) and when observ- able market data became available .prior to the adoption of sfas 157 the firm did not incorporate an adjustment into the valuation of liabilities carried at fair value on the consolidated balance sheet .commencing january 1 , 2007 , in accor- dance with the requirements of sfas 157 , an adjustment was made to the valuation of liabilities measured at fair value to reflect the credit quality of the firm .prior to the adoption of sfas 157 , privately held investments were initially valued based upon cost .the carrying values of privately held investments were adjusted from cost to reflect both positive and neg- ative changes evidenced by financing events with third-party capital providers .the investments were also subject to ongoing impairment reviews by private equity senior investment professionals .the increase in pretax income related to nonpublic private equity investments in connection with the adoption of sfas 157 was due to there being sufficient market evidence to support an increase in fair values using the sfas 157 methodology , although there had not been an actual third-party market transaction related to such investments .financial disclosures required by sfas 107 sfas 107 requires disclosure of the estimated fair value of certain financial instruments and the methods and significant assumptions used to estimate their fair values .many but not all of the financial instruments held by the firm are recorded at fair value on the consolidated balance sheets .financial instruments within the scope of sfas 107 that are not carried at fair value on the consolidated balance sheets are discussed below .additionally , certain financial instruments and all nonfinancial instruments are excluded from the scope of sfas 107 .accordingly , the fair value disclosures required by sfas 107 provide only a partial estimate of the fair value of jpmorgan chase .for example , the firm has developed long-term relationships with its customers through its deposit base and credit card accounts , commonly referred to as core deposit intangibles and credit card relationships .in the opinion of management , these items , in the aggregate , add significant value to jpmorgan chase , but their fair value is not disclosed in this note .financial instruments for which fair value approximates carrying value certain financial instruments that are not carried at fair value on the consolidated balance sheets are carried at amounts that approxi- mate fair value due to their short-term nature and generally negligi- ble credit risk .these instruments include cash and due from banks , deposits with banks , federal funds sold , securities purchased under resale agreements with short-dated maturities , securities borrowed , short-term receivables and accrued interest receivable , commercial paper , federal funds purchased , securities sold under repurchase agreements with short-dated maturities , other borrowed funds , accounts payable and accrued liabilities .in addition , sfas 107 requires that the fair value for deposit liabilities with no stated matu- rity ( i.e. , demand , savings and certain money market deposits ) be equal to their carrying value .sfas 107 does not allow for the recog- nition of the inherent funding value of these instruments. .
Question: what is the increase to pretax income of 2022 in million?
Steps: Ask for number 166
Answer: 166.0
Question: and that in million after-tax?
Steps: Ask for number 103
Answer: 103.0
Question: how much does that increase in million represents in relation to that in million after-tax?
| 1.61165 | 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.
jpmorgan chase & co ./ 2007 annual report 117 nonrecurring fair value changes the following table presents the total change in value of financial instruments for which a fair value adjustment has been included in the consolidated statement of income for the year ended december 31 , 2007 , related to financial instruments held at december 31 , 2007 .year ended december 31 , 2007 ( in millions ) 2007 . year ended december 31 2007 ( in millions ) | 2007
loans | $ -720 ( 720 )
other assets | -161 ( 161 )
accounts payable accrued expense and other liabilities | 2
total nonrecurring fair value gains ( losses ) | $ -879 ( 879 ) in the above table , loans principally include changes in fair value for loans carried on the balance sheet at the lower of cost or fair value ; and accounts payable , accrued expense and other liabilities principally includes the change in fair value for unfunded lending-related commitments within the leveraged lending portfolio .level 3 assets analysis level 3 assets ( including assets measured at the lower of cost or fair value ) were 5% ( 5 % ) of total firm assets at december 31 , 2007 .these assets increased during 2007 principally during the second half of the year , when liquidity in mortgages and other credit products fell dra- matically .the increase was primarily due to an increase in leveraged loan balances within level 3 as the ability of the firm to syndicate this risk to third parties became limited by the credit environment .in addi- tion , there were transfers from level 2 to level 3 during 2007 .these transfers were principally for instruments within the mortgage market where inputs which are significant to their valuation became unob- servable during the year .subprime and alt-a whole loans , subprime home equity securities , commercial mortgage-backed mezzanine loans and credit default swaps referenced to asset-backed securities consti- tuted the majority of the affected instruments , reflecting a significant decline in liquidity in these instruments in the third and fourth quarters of 2007 , as new issue activity was nonexistent and independent pric- ing information was no longer available for these assets .transition in connection with the initial adoption of sfas 157 , the firm recorded the following on january 1 , 2007 : 2022 a cumulative effect increase to retained earnings of $ 287 million , primarily related to the release of profit previously deferred in accordance with eitf 02-3 ; 2022 an increase to pretax income of $ 166 million ( $ 103 million after-tax ) related to the incorporation of the firm 2019s creditworthiness in the valuation of liabilities recorded at fair value ; and 2022 an increase to pretax income of $ 464 million ( $ 288 million after-tax ) related to valuations of nonpublic private equity investments .prior to the adoption of sfas 157 , the firm applied the provisions of eitf 02-3 to its derivative portfolio .eitf 02-3 precluded the recogni- tion of initial trading profit in the absence of : ( a ) quoted market prices , ( b ) observable prices of other current market transactions or ( c ) other observable data supporting a valuation technique .in accor- dance with eitf 02-3 , the firm recognized the deferred profit in principal transactions revenue on a systematic basis ( typically straight- line amortization over the life of the instruments ) and when observ- able market data became available .prior to the adoption of sfas 157 the firm did not incorporate an adjustment into the valuation of liabilities carried at fair value on the consolidated balance sheet .commencing january 1 , 2007 , in accor- dance with the requirements of sfas 157 , an adjustment was made to the valuation of liabilities measured at fair value to reflect the credit quality of the firm .prior to the adoption of sfas 157 , privately held investments were initially valued based upon cost .the carrying values of privately held investments were adjusted from cost to reflect both positive and neg- ative changes evidenced by financing events with third-party capital providers .the investments were also subject to ongoing impairment reviews by private equity senior investment professionals .the increase in pretax income related to nonpublic private equity investments in connection with the adoption of sfas 157 was due to there being sufficient market evidence to support an increase in fair values using the sfas 157 methodology , although there had not been an actual third-party market transaction related to such investments .financial disclosures required by sfas 107 sfas 107 requires disclosure of the estimated fair value of certain financial instruments and the methods and significant assumptions used to estimate their fair values .many but not all of the financial instruments held by the firm are recorded at fair value on the consolidated balance sheets .financial instruments within the scope of sfas 107 that are not carried at fair value on the consolidated balance sheets are discussed below .additionally , certain financial instruments and all nonfinancial instruments are excluded from the scope of sfas 107 .accordingly , the fair value disclosures required by sfas 107 provide only a partial estimate of the fair value of jpmorgan chase .for example , the firm has developed long-term relationships with its customers through its deposit base and credit card accounts , commonly referred to as core deposit intangibles and credit card relationships .in the opinion of management , these items , in the aggregate , add significant value to jpmorgan chase , but their fair value is not disclosed in this note .financial instruments for which fair value approximates carrying value certain financial instruments that are not carried at fair value on the consolidated balance sheets are carried at amounts that approxi- mate fair value due to their short-term nature and generally negligi- ble credit risk .these instruments include cash and due from banks , deposits with banks , federal funds sold , securities purchased under resale agreements with short-dated maturities , securities borrowed , short-term receivables and accrued interest receivable , commercial paper , federal funds purchased , securities sold under repurchase agreements with short-dated maturities , other borrowed funds , accounts payable and accrued liabilities .in addition , sfas 107 requires that the fair value for deposit liabilities with no stated matu- rity ( i.e. , demand , savings and certain money market deposits ) be equal to their carrying value .sfas 107 does not allow for the recog- nition of the inherent funding value of these instruments. .
Question: what is the increase to pretax income of 2022 in million?
Steps: Ask for number 166
Answer: 166.0
Question: and that in million after-tax?
Steps: Ask for number 103
Answer: 103.0
Question: how much does that increase in million represents in relation to that in million after-tax?
| convfinqa2187 |
jpmorgan chase & co ./ 2007 annual report 117 nonrecurring fair value changes the following table presents the total change in value of financial instruments for which a fair value adjustment has been included in the consolidated statement of income for the year ended december 31 , 2007 , related to financial instruments held at december 31 , 2007 .year ended december 31 , 2007 ( in millions ) 2007 . year ended december 31 2007 ( in millions ) | 2007
loans | $ -720 ( 720 )
other assets | -161 ( 161 )
accounts payable accrued expense and other liabilities | 2
total nonrecurring fair value gains ( losses ) | $ -879 ( 879 ) in the above table , loans principally include changes in fair value for loans carried on the balance sheet at the lower of cost or fair value ; and accounts payable , accrued expense and other liabilities principally includes the change in fair value for unfunded lending-related commitments within the leveraged lending portfolio .level 3 assets analysis level 3 assets ( including assets measured at the lower of cost or fair value ) were 5% ( 5 % ) of total firm assets at december 31 , 2007 .these assets increased during 2007 principally during the second half of the year , when liquidity in mortgages and other credit products fell dra- matically .the increase was primarily due to an increase in leveraged loan balances within level 3 as the ability of the firm to syndicate this risk to third parties became limited by the credit environment .in addi- tion , there were transfers from level 2 to level 3 during 2007 .these transfers were principally for instruments within the mortgage market where inputs which are significant to their valuation became unob- servable during the year .subprime and alt-a whole loans , subprime home equity securities , commercial mortgage-backed mezzanine loans and credit default swaps referenced to asset-backed securities consti- tuted the majority of the affected instruments , reflecting a significant decline in liquidity in these instruments in the third and fourth quarters of 2007 , as new issue activity was nonexistent and independent pric- ing information was no longer available for these assets .transition in connection with the initial adoption of sfas 157 , the firm recorded the following on january 1 , 2007 : 2022 a cumulative effect increase to retained earnings of $ 287 million , primarily related to the release of profit previously deferred in accordance with eitf 02-3 ; 2022 an increase to pretax income of $ 166 million ( $ 103 million after-tax ) related to the incorporation of the firm 2019s creditworthiness in the valuation of liabilities recorded at fair value ; and 2022 an increase to pretax income of $ 464 million ( $ 288 million after-tax ) related to valuations of nonpublic private equity investments .prior to the adoption of sfas 157 , the firm applied the provisions of eitf 02-3 to its derivative portfolio .eitf 02-3 precluded the recogni- tion of initial trading profit in the absence of : ( a ) quoted market prices , ( b ) observable prices of other current market transactions or ( c ) other observable data supporting a valuation technique .in accor- dance with eitf 02-3 , the firm recognized the deferred profit in principal transactions revenue on a systematic basis ( typically straight- line amortization over the life of the instruments ) and when observ- able market data became available .prior to the adoption of sfas 157 the firm did not incorporate an adjustment into the valuation of liabilities carried at fair value on the consolidated balance sheet .commencing january 1 , 2007 , in accor- dance with the requirements of sfas 157 , an adjustment was made to the valuation of liabilities measured at fair value to reflect the credit quality of the firm .prior to the adoption of sfas 157 , privately held investments were initially valued based upon cost .the carrying values of privately held investments were adjusted from cost to reflect both positive and neg- ative changes evidenced by financing events with third-party capital providers .the investments were also subject to ongoing impairment reviews by private equity senior investment professionals .the increase in pretax income related to nonpublic private equity investments in connection with the adoption of sfas 157 was due to there being sufficient market evidence to support an increase in fair values using the sfas 157 methodology , although there had not been an actual third-party market transaction related to such investments .financial disclosures required by sfas 107 sfas 107 requires disclosure of the estimated fair value of certain financial instruments and the methods and significant assumptions used to estimate their fair values .many but not all of the financial instruments held by the firm are recorded at fair value on the consolidated balance sheets .financial instruments within the scope of sfas 107 that are not carried at fair value on the consolidated balance sheets are discussed below .additionally , certain financial instruments and all nonfinancial instruments are excluded from the scope of sfas 107 .accordingly , the fair value disclosures required by sfas 107 provide only a partial estimate of the fair value of jpmorgan chase .for example , the firm has developed long-term relationships with its customers through its deposit base and credit card accounts , commonly referred to as core deposit intangibles and credit card relationships .in the opinion of management , these items , in the aggregate , add significant value to jpmorgan chase , but their fair value is not disclosed in this note .financial instruments for which fair value approximates carrying value certain financial instruments that are not carried at fair value on the consolidated balance sheets are carried at amounts that approxi- mate fair value due to their short-term nature and generally negligi- ble credit risk .these instruments include cash and due from banks , deposits with banks , federal funds sold , securities purchased under resale agreements with short-dated maturities , securities borrowed , short-term receivables and accrued interest receivable , commercial paper , federal funds purchased , securities sold under repurchase agreements with short-dated maturities , other borrowed funds , accounts payable and accrued liabilities .in addition , sfas 107 requires that the fair value for deposit liabilities with no stated matu- rity ( i.e. , demand , savings and certain money market deposits ) be equal to their carrying value .sfas 107 does not allow for the recog- nition of the inherent funding value of these instruments. .
Question: what is the increase to pretax income of 2022 in million?
Steps: Ask for number 166
Answer: 166.0
Question: and that in million after-tax?
Steps: Ask for number 103
Answer: 103.0
Question: how much does that increase in million represents in relation to that in million after-tax?
Steps: divide(166, 103)
Answer: 1.61165
Question: what is the increase to pretax income of 2022 in million?
| 166.0 | 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.
jpmorgan chase & co ./ 2007 annual report 117 nonrecurring fair value changes the following table presents the total change in value of financial instruments for which a fair value adjustment has been included in the consolidated statement of income for the year ended december 31 , 2007 , related to financial instruments held at december 31 , 2007 .year ended december 31 , 2007 ( in millions ) 2007 . year ended december 31 2007 ( in millions ) | 2007
loans | $ -720 ( 720 )
other assets | -161 ( 161 )
accounts payable accrued expense and other liabilities | 2
total nonrecurring fair value gains ( losses ) | $ -879 ( 879 ) in the above table , loans principally include changes in fair value for loans carried on the balance sheet at the lower of cost or fair value ; and accounts payable , accrued expense and other liabilities principally includes the change in fair value for unfunded lending-related commitments within the leveraged lending portfolio .level 3 assets analysis level 3 assets ( including assets measured at the lower of cost or fair value ) were 5% ( 5 % ) of total firm assets at december 31 , 2007 .these assets increased during 2007 principally during the second half of the year , when liquidity in mortgages and other credit products fell dra- matically .the increase was primarily due to an increase in leveraged loan balances within level 3 as the ability of the firm to syndicate this risk to third parties became limited by the credit environment .in addi- tion , there were transfers from level 2 to level 3 during 2007 .these transfers were principally for instruments within the mortgage market where inputs which are significant to their valuation became unob- servable during the year .subprime and alt-a whole loans , subprime home equity securities , commercial mortgage-backed mezzanine loans and credit default swaps referenced to asset-backed securities consti- tuted the majority of the affected instruments , reflecting a significant decline in liquidity in these instruments in the third and fourth quarters of 2007 , as new issue activity was nonexistent and independent pric- ing information was no longer available for these assets .transition in connection with the initial adoption of sfas 157 , the firm recorded the following on january 1 , 2007 : 2022 a cumulative effect increase to retained earnings of $ 287 million , primarily related to the release of profit previously deferred in accordance with eitf 02-3 ; 2022 an increase to pretax income of $ 166 million ( $ 103 million after-tax ) related to the incorporation of the firm 2019s creditworthiness in the valuation of liabilities recorded at fair value ; and 2022 an increase to pretax income of $ 464 million ( $ 288 million after-tax ) related to valuations of nonpublic private equity investments .prior to the adoption of sfas 157 , the firm applied the provisions of eitf 02-3 to its derivative portfolio .eitf 02-3 precluded the recogni- tion of initial trading profit in the absence of : ( a ) quoted market prices , ( b ) observable prices of other current market transactions or ( c ) other observable data supporting a valuation technique .in accor- dance with eitf 02-3 , the firm recognized the deferred profit in principal transactions revenue on a systematic basis ( typically straight- line amortization over the life of the instruments ) and when observ- able market data became available .prior to the adoption of sfas 157 the firm did not incorporate an adjustment into the valuation of liabilities carried at fair value on the consolidated balance sheet .commencing january 1 , 2007 , in accor- dance with the requirements of sfas 157 , an adjustment was made to the valuation of liabilities measured at fair value to reflect the credit quality of the firm .prior to the adoption of sfas 157 , privately held investments were initially valued based upon cost .the carrying values of privately held investments were adjusted from cost to reflect both positive and neg- ative changes evidenced by financing events with third-party capital providers .the investments were also subject to ongoing impairment reviews by private equity senior investment professionals .the increase in pretax income related to nonpublic private equity investments in connection with the adoption of sfas 157 was due to there being sufficient market evidence to support an increase in fair values using the sfas 157 methodology , although there had not been an actual third-party market transaction related to such investments .financial disclosures required by sfas 107 sfas 107 requires disclosure of the estimated fair value of certain financial instruments and the methods and significant assumptions used to estimate their fair values .many but not all of the financial instruments held by the firm are recorded at fair value on the consolidated balance sheets .financial instruments within the scope of sfas 107 that are not carried at fair value on the consolidated balance sheets are discussed below .additionally , certain financial instruments and all nonfinancial instruments are excluded from the scope of sfas 107 .accordingly , the fair value disclosures required by sfas 107 provide only a partial estimate of the fair value of jpmorgan chase .for example , the firm has developed long-term relationships with its customers through its deposit base and credit card accounts , commonly referred to as core deposit intangibles and credit card relationships .in the opinion of management , these items , in the aggregate , add significant value to jpmorgan chase , but their fair value is not disclosed in this note .financial instruments for which fair value approximates carrying value certain financial instruments that are not carried at fair value on the consolidated balance sheets are carried at amounts that approxi- mate fair value due to their short-term nature and generally negligi- ble credit risk .these instruments include cash and due from banks , deposits with banks , federal funds sold , securities purchased under resale agreements with short-dated maturities , securities borrowed , short-term receivables and accrued interest receivable , commercial paper , federal funds purchased , securities sold under repurchase agreements with short-dated maturities , other borrowed funds , accounts payable and accrued liabilities .in addition , sfas 107 requires that the fair value for deposit liabilities with no stated matu- rity ( i.e. , demand , savings and certain money market deposits ) be equal to their carrying value .sfas 107 does not allow for the recog- nition of the inherent funding value of these instruments. .
Question: what is the increase to pretax income of 2022 in million?
Steps: Ask for number 166
Answer: 166.0
Question: and that in million after-tax?
Steps: Ask for number 103
Answer: 103.0
Question: how much does that increase in million represents in relation to that in million after-tax?
Steps: divide(166, 103)
Answer: 1.61165
Question: what is the increase to pretax income of 2022 in million?
| convfinqa2188 |
jpmorgan chase & co ./ 2007 annual report 117 nonrecurring fair value changes the following table presents the total change in value of financial instruments for which a fair value adjustment has been included in the consolidated statement of income for the year ended december 31 , 2007 , related to financial instruments held at december 31 , 2007 .year ended december 31 , 2007 ( in millions ) 2007 . year ended december 31 2007 ( in millions ) | 2007
loans | $ -720 ( 720 )
other assets | -161 ( 161 )
accounts payable accrued expense and other liabilities | 2
total nonrecurring fair value gains ( losses ) | $ -879 ( 879 ) in the above table , loans principally include changes in fair value for loans carried on the balance sheet at the lower of cost or fair value ; and accounts payable , accrued expense and other liabilities principally includes the change in fair value for unfunded lending-related commitments within the leveraged lending portfolio .level 3 assets analysis level 3 assets ( including assets measured at the lower of cost or fair value ) were 5% ( 5 % ) of total firm assets at december 31 , 2007 .these assets increased during 2007 principally during the second half of the year , when liquidity in mortgages and other credit products fell dra- matically .the increase was primarily due to an increase in leveraged loan balances within level 3 as the ability of the firm to syndicate this risk to third parties became limited by the credit environment .in addi- tion , there were transfers from level 2 to level 3 during 2007 .these transfers were principally for instruments within the mortgage market where inputs which are significant to their valuation became unob- servable during the year .subprime and alt-a whole loans , subprime home equity securities , commercial mortgage-backed mezzanine loans and credit default swaps referenced to asset-backed securities consti- tuted the majority of the affected instruments , reflecting a significant decline in liquidity in these instruments in the third and fourth quarters of 2007 , as new issue activity was nonexistent and independent pric- ing information was no longer available for these assets .transition in connection with the initial adoption of sfas 157 , the firm recorded the following on january 1 , 2007 : 2022 a cumulative effect increase to retained earnings of $ 287 million , primarily related to the release of profit previously deferred in accordance with eitf 02-3 ; 2022 an increase to pretax income of $ 166 million ( $ 103 million after-tax ) related to the incorporation of the firm 2019s creditworthiness in the valuation of liabilities recorded at fair value ; and 2022 an increase to pretax income of $ 464 million ( $ 288 million after-tax ) related to valuations of nonpublic private equity investments .prior to the adoption of sfas 157 , the firm applied the provisions of eitf 02-3 to its derivative portfolio .eitf 02-3 precluded the recogni- tion of initial trading profit in the absence of : ( a ) quoted market prices , ( b ) observable prices of other current market transactions or ( c ) other observable data supporting a valuation technique .in accor- dance with eitf 02-3 , the firm recognized the deferred profit in principal transactions revenue on a systematic basis ( typically straight- line amortization over the life of the instruments ) and when observ- able market data became available .prior to the adoption of sfas 157 the firm did not incorporate an adjustment into the valuation of liabilities carried at fair value on the consolidated balance sheet .commencing january 1 , 2007 , in accor- dance with the requirements of sfas 157 , an adjustment was made to the valuation of liabilities measured at fair value to reflect the credit quality of the firm .prior to the adoption of sfas 157 , privately held investments were initially valued based upon cost .the carrying values of privately held investments were adjusted from cost to reflect both positive and neg- ative changes evidenced by financing events with third-party capital providers .the investments were also subject to ongoing impairment reviews by private equity senior investment professionals .the increase in pretax income related to nonpublic private equity investments in connection with the adoption of sfas 157 was due to there being sufficient market evidence to support an increase in fair values using the sfas 157 methodology , although there had not been an actual third-party market transaction related to such investments .financial disclosures required by sfas 107 sfas 107 requires disclosure of the estimated fair value of certain financial instruments and the methods and significant assumptions used to estimate their fair values .many but not all of the financial instruments held by the firm are recorded at fair value on the consolidated balance sheets .financial instruments within the scope of sfas 107 that are not carried at fair value on the consolidated balance sheets are discussed below .additionally , certain financial instruments and all nonfinancial instruments are excluded from the scope of sfas 107 .accordingly , the fair value disclosures required by sfas 107 provide only a partial estimate of the fair value of jpmorgan chase .for example , the firm has developed long-term relationships with its customers through its deposit base and credit card accounts , commonly referred to as core deposit intangibles and credit card relationships .in the opinion of management , these items , in the aggregate , add significant value to jpmorgan chase , but their fair value is not disclosed in this note .financial instruments for which fair value approximates carrying value certain financial instruments that are not carried at fair value on the consolidated balance sheets are carried at amounts that approxi- mate fair value due to their short-term nature and generally negligi- ble credit risk .these instruments include cash and due from banks , deposits with banks , federal funds sold , securities purchased under resale agreements with short-dated maturities , securities borrowed , short-term receivables and accrued interest receivable , commercial paper , federal funds purchased , securities sold under repurchase agreements with short-dated maturities , other borrowed funds , accounts payable and accrued liabilities .in addition , sfas 107 requires that the fair value for deposit liabilities with no stated matu- rity ( i.e. , demand , savings and certain money market deposits ) be equal to their carrying value .sfas 107 does not allow for the recog- nition of the inherent funding value of these instruments. .
Question: what is the increase to pretax income of 2022 in million?
Steps: Ask for number 166
Answer: 166.0
Question: and that in million after-tax?
Steps: Ask for number 103
Answer: 103.0
Question: how much does that increase in million represents in relation to that in million after-tax?
Steps: divide(166, 103)
Answer: 1.61165
Question: what is the increase to pretax income of 2022 in million?
Steps: Ask for number 166
Answer: 166.0
Question: how much does a0 represents in relation to that in million?
| 0.00971 | 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.
jpmorgan chase & co ./ 2007 annual report 117 nonrecurring fair value changes the following table presents the total change in value of financial instruments for which a fair value adjustment has been included in the consolidated statement of income for the year ended december 31 , 2007 , related to financial instruments held at december 31 , 2007 .year ended december 31 , 2007 ( in millions ) 2007 . year ended december 31 2007 ( in millions ) | 2007
loans | $ -720 ( 720 )
other assets | -161 ( 161 )
accounts payable accrued expense and other liabilities | 2
total nonrecurring fair value gains ( losses ) | $ -879 ( 879 ) in the above table , loans principally include changes in fair value for loans carried on the balance sheet at the lower of cost or fair value ; and accounts payable , accrued expense and other liabilities principally includes the change in fair value for unfunded lending-related commitments within the leveraged lending portfolio .level 3 assets analysis level 3 assets ( including assets measured at the lower of cost or fair value ) were 5% ( 5 % ) of total firm assets at december 31 , 2007 .these assets increased during 2007 principally during the second half of the year , when liquidity in mortgages and other credit products fell dra- matically .the increase was primarily due to an increase in leveraged loan balances within level 3 as the ability of the firm to syndicate this risk to third parties became limited by the credit environment .in addi- tion , there were transfers from level 2 to level 3 during 2007 .these transfers were principally for instruments within the mortgage market where inputs which are significant to their valuation became unob- servable during the year .subprime and alt-a whole loans , subprime home equity securities , commercial mortgage-backed mezzanine loans and credit default swaps referenced to asset-backed securities consti- tuted the majority of the affected instruments , reflecting a significant decline in liquidity in these instruments in the third and fourth quarters of 2007 , as new issue activity was nonexistent and independent pric- ing information was no longer available for these assets .transition in connection with the initial adoption of sfas 157 , the firm recorded the following on january 1 , 2007 : 2022 a cumulative effect increase to retained earnings of $ 287 million , primarily related to the release of profit previously deferred in accordance with eitf 02-3 ; 2022 an increase to pretax income of $ 166 million ( $ 103 million after-tax ) related to the incorporation of the firm 2019s creditworthiness in the valuation of liabilities recorded at fair value ; and 2022 an increase to pretax income of $ 464 million ( $ 288 million after-tax ) related to valuations of nonpublic private equity investments .prior to the adoption of sfas 157 , the firm applied the provisions of eitf 02-3 to its derivative portfolio .eitf 02-3 precluded the recogni- tion of initial trading profit in the absence of : ( a ) quoted market prices , ( b ) observable prices of other current market transactions or ( c ) other observable data supporting a valuation technique .in accor- dance with eitf 02-3 , the firm recognized the deferred profit in principal transactions revenue on a systematic basis ( typically straight- line amortization over the life of the instruments ) and when observ- able market data became available .prior to the adoption of sfas 157 the firm did not incorporate an adjustment into the valuation of liabilities carried at fair value on the consolidated balance sheet .commencing january 1 , 2007 , in accor- dance with the requirements of sfas 157 , an adjustment was made to the valuation of liabilities measured at fair value to reflect the credit quality of the firm .prior to the adoption of sfas 157 , privately held investments were initially valued based upon cost .the carrying values of privately held investments were adjusted from cost to reflect both positive and neg- ative changes evidenced by financing events with third-party capital providers .the investments were also subject to ongoing impairment reviews by private equity senior investment professionals .the increase in pretax income related to nonpublic private equity investments in connection with the adoption of sfas 157 was due to there being sufficient market evidence to support an increase in fair values using the sfas 157 methodology , although there had not been an actual third-party market transaction related to such investments .financial disclosures required by sfas 107 sfas 107 requires disclosure of the estimated fair value of certain financial instruments and the methods and significant assumptions used to estimate their fair values .many but not all of the financial instruments held by the firm are recorded at fair value on the consolidated balance sheets .financial instruments within the scope of sfas 107 that are not carried at fair value on the consolidated balance sheets are discussed below .additionally , certain financial instruments and all nonfinancial instruments are excluded from the scope of sfas 107 .accordingly , the fair value disclosures required by sfas 107 provide only a partial estimate of the fair value of jpmorgan chase .for example , the firm has developed long-term relationships with its customers through its deposit base and credit card accounts , commonly referred to as core deposit intangibles and credit card relationships .in the opinion of management , these items , in the aggregate , add significant value to jpmorgan chase , but their fair value is not disclosed in this note .financial instruments for which fair value approximates carrying value certain financial instruments that are not carried at fair value on the consolidated balance sheets are carried at amounts that approxi- mate fair value due to their short-term nature and generally negligi- ble credit risk .these instruments include cash and due from banks , deposits with banks , federal funds sold , securities purchased under resale agreements with short-dated maturities , securities borrowed , short-term receivables and accrued interest receivable , commercial paper , federal funds purchased , securities sold under repurchase agreements with short-dated maturities , other borrowed funds , accounts payable and accrued liabilities .in addition , sfas 107 requires that the fair value for deposit liabilities with no stated matu- rity ( i.e. , demand , savings and certain money market deposits ) be equal to their carrying value .sfas 107 does not allow for the recog- nition of the inherent funding value of these instruments. .
Question: what is the increase to pretax income of 2022 in million?
Steps: Ask for number 166
Answer: 166.0
Question: and that in million after-tax?
Steps: Ask for number 103
Answer: 103.0
Question: how much does that increase in million represents in relation to that in million after-tax?
Steps: divide(166, 103)
Answer: 1.61165
Question: what is the increase to pretax income of 2022 in million?
Steps: Ask for number 166
Answer: 166.0
Question: how much does a0 represents in relation to that in million?
| convfinqa2189 |
table of contents company stock performance the following graph shows a comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 index , the s&p information technology index and the dow jones u.s .technology supersector index for the five years ended september 26 , 2015 .the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 index , the s&p information technology index and the dow jones u.s .technology supersector index as of the market close on september 24 , 2010 .note that historic stock price performance is not necessarily indicative of future stock price performance .* $ 100 invested on 9/25/10 in stock or index , including reinvestment of dividends .data points are the last day of each fiscal year for the company 2019scommon stock and september 30th for indexes .copyright a9 2015 s&p , a division of mcgraw hill financial .all rights reserved .copyright a9 2015 dow jones & co .all rights reserved .september september september september september september . | september 2010 | september 2011 | september 2012 | september 2013 | september 2014 | september 2015
apple inc . | $ 100 | $ 138 | $ 229 | $ 170 | $ 254 | $ 294
s&p 500 index | $ 100 | $ 101 | $ 132 | $ 157 | $ 188 | $ 187
s&p information technology index | $ 100 | $ 104 | $ 137 | $ 147 | $ 190 | $ 194
dow jones u.s . technology supersector index | $ 100 | $ 103 | $ 134 | $ 141 | $ 183 | $ 183 apple inc .| 2015 form 10-k | 21 .
Question: what was the value of apple inc in 2014?
| 254.0 | 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 company stock performance the following graph shows a comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 index , the s&p information technology index and the dow jones u.s .technology supersector index for the five years ended september 26 , 2015 .the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 index , the s&p information technology index and the dow jones u.s .technology supersector index as of the market close on september 24 , 2010 .note that historic stock price performance is not necessarily indicative of future stock price performance .* $ 100 invested on 9/25/10 in stock or index , including reinvestment of dividends .data points are the last day of each fiscal year for the company 2019scommon stock and september 30th for indexes .copyright a9 2015 s&p , a division of mcgraw hill financial .all rights reserved .copyright a9 2015 dow jones & co .all rights reserved .september september september september september september . | september 2010 | september 2011 | september 2012 | september 2013 | september 2014 | september 2015
apple inc . | $ 100 | $ 138 | $ 229 | $ 170 | $ 254 | $ 294
s&p 500 index | $ 100 | $ 101 | $ 132 | $ 157 | $ 188 | $ 187
s&p information technology index | $ 100 | $ 104 | $ 137 | $ 147 | $ 190 | $ 194
dow jones u.s . technology supersector index | $ 100 | $ 103 | $ 134 | $ 141 | $ 183 | $ 183 apple inc .| 2015 form 10-k | 21 .
Question: what was the value of apple inc in 2014?
| convfinqa2190 |
table of contents company stock performance the following graph shows a comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 index , the s&p information technology index and the dow jones u.s .technology supersector index for the five years ended september 26 , 2015 .the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 index , the s&p information technology index and the dow jones u.s .technology supersector index as of the market close on september 24 , 2010 .note that historic stock price performance is not necessarily indicative of future stock price performance .* $ 100 invested on 9/25/10 in stock or index , including reinvestment of dividends .data points are the last day of each fiscal year for the company 2019scommon stock and september 30th for indexes .copyright a9 2015 s&p , a division of mcgraw hill financial .all rights reserved .copyright a9 2015 dow jones & co .all rights reserved .september september september september september september . | september 2010 | september 2011 | september 2012 | september 2013 | september 2014 | september 2015
apple inc . | $ 100 | $ 138 | $ 229 | $ 170 | $ 254 | $ 294
s&p 500 index | $ 100 | $ 101 | $ 132 | $ 157 | $ 188 | $ 187
s&p information technology index | $ 100 | $ 104 | $ 137 | $ 147 | $ 190 | $ 194
dow jones u.s . technology supersector index | $ 100 | $ 103 | $ 134 | $ 141 | $ 183 | $ 183 apple inc .| 2015 form 10-k | 21 .
Question: what was the value of apple inc in 2014?
Steps: Ask for number 254
Answer: 254.0
Question: what was the initial investment amount?
| 100.0 | 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 company stock performance the following graph shows a comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 index , the s&p information technology index and the dow jones u.s .technology supersector index for the five years ended september 26 , 2015 .the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 index , the s&p information technology index and the dow jones u.s .technology supersector index as of the market close on september 24 , 2010 .note that historic stock price performance is not necessarily indicative of future stock price performance .* $ 100 invested on 9/25/10 in stock or index , including reinvestment of dividends .data points are the last day of each fiscal year for the company 2019scommon stock and september 30th for indexes .copyright a9 2015 s&p , a division of mcgraw hill financial .all rights reserved .copyright a9 2015 dow jones & co .all rights reserved .september september september september september september . | september 2010 | september 2011 | september 2012 | september 2013 | september 2014 | september 2015
apple inc . | $ 100 | $ 138 | $ 229 | $ 170 | $ 254 | $ 294
s&p 500 index | $ 100 | $ 101 | $ 132 | $ 157 | $ 188 | $ 187
s&p information technology index | $ 100 | $ 104 | $ 137 | $ 147 | $ 190 | $ 194
dow jones u.s . technology supersector index | $ 100 | $ 103 | $ 134 | $ 141 | $ 183 | $ 183 apple inc .| 2015 form 10-k | 21 .
Question: what was the value of apple inc in 2014?
Steps: Ask for number 254
Answer: 254.0
Question: what was the initial investment amount?
| convfinqa2191 |
table of contents company stock performance the following graph shows a comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 index , the s&p information technology index and the dow jones u.s .technology supersector index for the five years ended september 26 , 2015 .the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 index , the s&p information technology index and the dow jones u.s .technology supersector index as of the market close on september 24 , 2010 .note that historic stock price performance is not necessarily indicative of future stock price performance .* $ 100 invested on 9/25/10 in stock or index , including reinvestment of dividends .data points are the last day of each fiscal year for the company 2019scommon stock and september 30th for indexes .copyright a9 2015 s&p , a division of mcgraw hill financial .all rights reserved .copyright a9 2015 dow jones & co .all rights reserved .september september september september september september . | september 2010 | september 2011 | september 2012 | september 2013 | september 2014 | september 2015
apple inc . | $ 100 | $ 138 | $ 229 | $ 170 | $ 254 | $ 294
s&p 500 index | $ 100 | $ 101 | $ 132 | $ 157 | $ 188 | $ 187
s&p information technology index | $ 100 | $ 104 | $ 137 | $ 147 | $ 190 | $ 194
dow jones u.s . technology supersector index | $ 100 | $ 103 | $ 134 | $ 141 | $ 183 | $ 183 apple inc .| 2015 form 10-k | 21 .
Question: what was the value of apple inc in 2014?
Steps: Ask for number 254
Answer: 254.0
Question: what was the initial investment amount?
Steps: Ask for number 100
Answer: 100.0
Question: what is the net change?
| 154.0 | 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 company stock performance the following graph shows a comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 index , the s&p information technology index and the dow jones u.s .technology supersector index for the five years ended september 26 , 2015 .the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 index , the s&p information technology index and the dow jones u.s .technology supersector index as of the market close on september 24 , 2010 .note that historic stock price performance is not necessarily indicative of future stock price performance .* $ 100 invested on 9/25/10 in stock or index , including reinvestment of dividends .data points are the last day of each fiscal year for the company 2019scommon stock and september 30th for indexes .copyright a9 2015 s&p , a division of mcgraw hill financial .all rights reserved .copyright a9 2015 dow jones & co .all rights reserved .september september september september september september . | september 2010 | september 2011 | september 2012 | september 2013 | september 2014 | september 2015
apple inc . | $ 100 | $ 138 | $ 229 | $ 170 | $ 254 | $ 294
s&p 500 index | $ 100 | $ 101 | $ 132 | $ 157 | $ 188 | $ 187
s&p information technology index | $ 100 | $ 104 | $ 137 | $ 147 | $ 190 | $ 194
dow jones u.s . technology supersector index | $ 100 | $ 103 | $ 134 | $ 141 | $ 183 | $ 183 apple inc .| 2015 form 10-k | 21 .
Question: what was the value of apple inc in 2014?
Steps: Ask for number 254
Answer: 254.0
Question: what was the initial investment amount?
Steps: Ask for number 100
Answer: 100.0
Question: what is the net change?
| convfinqa2192 |
table of contents company stock performance the following graph shows a comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 index , the s&p information technology index and the dow jones u.s .technology supersector index for the five years ended september 26 , 2015 .the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 index , the s&p information technology index and the dow jones u.s .technology supersector index as of the market close on september 24 , 2010 .note that historic stock price performance is not necessarily indicative of future stock price performance .* $ 100 invested on 9/25/10 in stock or index , including reinvestment of dividends .data points are the last day of each fiscal year for the company 2019scommon stock and september 30th for indexes .copyright a9 2015 s&p , a division of mcgraw hill financial .all rights reserved .copyright a9 2015 dow jones & co .all rights reserved .september september september september september september . | september 2010 | september 2011 | september 2012 | september 2013 | september 2014 | september 2015
apple inc . | $ 100 | $ 138 | $ 229 | $ 170 | $ 254 | $ 294
s&p 500 index | $ 100 | $ 101 | $ 132 | $ 157 | $ 188 | $ 187
s&p information technology index | $ 100 | $ 104 | $ 137 | $ 147 | $ 190 | $ 194
dow jones u.s . technology supersector index | $ 100 | $ 103 | $ 134 | $ 141 | $ 183 | $ 183 apple inc .| 2015 form 10-k | 21 .
Question: what was the value of apple inc in 2014?
Steps: Ask for number 254
Answer: 254.0
Question: what was the initial investment amount?
Steps: Ask for number 100
Answer: 100.0
Question: what is the net change?
Steps: subtract(254, 100)
Answer: 154.0
Question: what was the initial investment?
| 100.0 | 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 company stock performance the following graph shows a comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 index , the s&p information technology index and the dow jones u.s .technology supersector index for the five years ended september 26 , 2015 .the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 index , the s&p information technology index and the dow jones u.s .technology supersector index as of the market close on september 24 , 2010 .note that historic stock price performance is not necessarily indicative of future stock price performance .* $ 100 invested on 9/25/10 in stock or index , including reinvestment of dividends .data points are the last day of each fiscal year for the company 2019scommon stock and september 30th for indexes .copyright a9 2015 s&p , a division of mcgraw hill financial .all rights reserved .copyright a9 2015 dow jones & co .all rights reserved .september september september september september september . | september 2010 | september 2011 | september 2012 | september 2013 | september 2014 | september 2015
apple inc . | $ 100 | $ 138 | $ 229 | $ 170 | $ 254 | $ 294
s&p 500 index | $ 100 | $ 101 | $ 132 | $ 157 | $ 188 | $ 187
s&p information technology index | $ 100 | $ 104 | $ 137 | $ 147 | $ 190 | $ 194
dow jones u.s . technology supersector index | $ 100 | $ 103 | $ 134 | $ 141 | $ 183 | $ 183 apple inc .| 2015 form 10-k | 21 .
Question: what was the value of apple inc in 2014?
Steps: Ask for number 254
Answer: 254.0
Question: what was the initial investment amount?
Steps: Ask for number 100
Answer: 100.0
Question: what is the net change?
Steps: subtract(254, 100)
Answer: 154.0
Question: what was the initial investment?
| convfinqa2193 |
table of contents company stock performance the following graph shows a comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 index , the s&p information technology index and the dow jones u.s .technology supersector index for the five years ended september 26 , 2015 .the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 index , the s&p information technology index and the dow jones u.s .technology supersector index as of the market close on september 24 , 2010 .note that historic stock price performance is not necessarily indicative of future stock price performance .* $ 100 invested on 9/25/10 in stock or index , including reinvestment of dividends .data points are the last day of each fiscal year for the company 2019scommon stock and september 30th for indexes .copyright a9 2015 s&p , a division of mcgraw hill financial .all rights reserved .copyright a9 2015 dow jones & co .all rights reserved .september september september september september september . | september 2010 | september 2011 | september 2012 | september 2013 | september 2014 | september 2015
apple inc . | $ 100 | $ 138 | $ 229 | $ 170 | $ 254 | $ 294
s&p 500 index | $ 100 | $ 101 | $ 132 | $ 157 | $ 188 | $ 187
s&p information technology index | $ 100 | $ 104 | $ 137 | $ 147 | $ 190 | $ 194
dow jones u.s . technology supersector index | $ 100 | $ 103 | $ 134 | $ 141 | $ 183 | $ 183 apple inc .| 2015 form 10-k | 21 .
Question: what was the value of apple inc in 2014?
Steps: Ask for number 254
Answer: 254.0
Question: what was the initial investment amount?
Steps: Ask for number 100
Answer: 100.0
Question: what is the net change?
Steps: subtract(254, 100)
Answer: 154.0
Question: what was the initial investment?
Steps: Ask for number 100
Answer: 100.0
Question: what is the percent change?
| 1.54 | 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 company stock performance the following graph shows a comparison of cumulative total shareholder return , calculated on a dividend reinvested basis , for the company , the s&p 500 index , the s&p information technology index and the dow jones u.s .technology supersector index for the five years ended september 26 , 2015 .the graph assumes $ 100 was invested in each of the company 2019s common stock , the s&p 500 index , the s&p information technology index and the dow jones u.s .technology supersector index as of the market close on september 24 , 2010 .note that historic stock price performance is not necessarily indicative of future stock price performance .* $ 100 invested on 9/25/10 in stock or index , including reinvestment of dividends .data points are the last day of each fiscal year for the company 2019scommon stock and september 30th for indexes .copyright a9 2015 s&p , a division of mcgraw hill financial .all rights reserved .copyright a9 2015 dow jones & co .all rights reserved .september september september september september september . | september 2010 | september 2011 | september 2012 | september 2013 | september 2014 | september 2015
apple inc . | $ 100 | $ 138 | $ 229 | $ 170 | $ 254 | $ 294
s&p 500 index | $ 100 | $ 101 | $ 132 | $ 157 | $ 188 | $ 187
s&p information technology index | $ 100 | $ 104 | $ 137 | $ 147 | $ 190 | $ 194
dow jones u.s . technology supersector index | $ 100 | $ 103 | $ 134 | $ 141 | $ 183 | $ 183 apple inc .| 2015 form 10-k | 21 .
Question: what was the value of apple inc in 2014?
Steps: Ask for number 254
Answer: 254.0
Question: what was the initial investment amount?
Steps: Ask for number 100
Answer: 100.0
Question: what is the net change?
Steps: subtract(254, 100)
Answer: 154.0
Question: what was the initial investment?
Steps: Ask for number 100
Answer: 100.0
Question: what is the percent change?
| convfinqa2194 |
2006 plan prior to december 5 , 2008 became fully vested and nonforfeitable upon the closing of the acquisition .awards may be granted under the 2006 plan , as amended and restated , after december 5 , 2008 only to employees and consultants of allied waste industries , inc .and its subsidiaries who were not employed by republic services , inc .prior to such date .at december 31 , 2010 , there were approximately 15.3 million shares of common stock reserved for future grants under the 2006 plan .stock options we use a binomial option-pricing model to value our stock option grants .we recognize compensation expense on a straight-line basis over the requisite service period for each separately vesting portion of the award , or to the employee 2019s retirement eligible date , if earlier .expected volatility is based on the weighted average of the most recent one-year volatility and a historical rolling average volatility of our stock over the expected life of the option .the risk-free interest rate is based on federal reserve rates in effect for bonds with maturity dates equal to the expected term of the option .we use historical data to estimate future option exercises , forfeitures and expected life of the options .when appropriate , separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes .the weighted-average estimated fair values of stock options granted during the years ended december 31 , 2010 , 2009 and 2008 were $ 5.28 , $ 3.79 and $ 4.36 per option , respectively , which were calculated using the following weighted-average assumptions: . | 2010 | 2009 | 2008
expected volatility | 28.6% ( 28.6 % ) | 28.7% ( 28.7 % ) | 27.3% ( 27.3 % )
risk-free interest rate | 2.4% ( 2.4 % ) | 1.4% ( 1.4 % ) | 1.7% ( 1.7 % )
dividend yield | 2.9% ( 2.9 % ) | 3.1% ( 3.1 % ) | 2.9% ( 2.9 % )
expected life ( in years ) | 4.3 | 4.2 | 4.2
contractual life ( in years ) | 7 | 7 | 7
expected forfeiture rate | 3.0% ( 3.0 % ) | 3.0% ( 3.0 % ) | 3.0% ( 3.0 % ) republic services , inc .notes to consolidated financial statements , continued .
Question: what was the change in the weighted-average estimated fair values of stock options granted from 2009 to 2010?
| 1.49 | 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.
2006 plan prior to december 5 , 2008 became fully vested and nonforfeitable upon the closing of the acquisition .awards may be granted under the 2006 plan , as amended and restated , after december 5 , 2008 only to employees and consultants of allied waste industries , inc .and its subsidiaries who were not employed by republic services , inc .prior to such date .at december 31 , 2010 , there were approximately 15.3 million shares of common stock reserved for future grants under the 2006 plan .stock options we use a binomial option-pricing model to value our stock option grants .we recognize compensation expense on a straight-line basis over the requisite service period for each separately vesting portion of the award , or to the employee 2019s retirement eligible date , if earlier .expected volatility is based on the weighted average of the most recent one-year volatility and a historical rolling average volatility of our stock over the expected life of the option .the risk-free interest rate is based on federal reserve rates in effect for bonds with maturity dates equal to the expected term of the option .we use historical data to estimate future option exercises , forfeitures and expected life of the options .when appropriate , separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes .the weighted-average estimated fair values of stock options granted during the years ended december 31 , 2010 , 2009 and 2008 were $ 5.28 , $ 3.79 and $ 4.36 per option , respectively , which were calculated using the following weighted-average assumptions: . | 2010 | 2009 | 2008
expected volatility | 28.6% ( 28.6 % ) | 28.7% ( 28.7 % ) | 27.3% ( 27.3 % )
risk-free interest rate | 2.4% ( 2.4 % ) | 1.4% ( 1.4 % ) | 1.7% ( 1.7 % )
dividend yield | 2.9% ( 2.9 % ) | 3.1% ( 3.1 % ) | 2.9% ( 2.9 % )
expected life ( in years ) | 4.3 | 4.2 | 4.2
contractual life ( in years ) | 7 | 7 | 7
expected forfeiture rate | 3.0% ( 3.0 % ) | 3.0% ( 3.0 % ) | 3.0% ( 3.0 % ) republic services , inc .notes to consolidated financial statements , continued .
Question: what was the change in the weighted-average estimated fair values of stock options granted from 2009 to 2010?
| convfinqa2195 |
2006 plan prior to december 5 , 2008 became fully vested and nonforfeitable upon the closing of the acquisition .awards may be granted under the 2006 plan , as amended and restated , after december 5 , 2008 only to employees and consultants of allied waste industries , inc .and its subsidiaries who were not employed by republic services , inc .prior to such date .at december 31 , 2010 , there were approximately 15.3 million shares of common stock reserved for future grants under the 2006 plan .stock options we use a binomial option-pricing model to value our stock option grants .we recognize compensation expense on a straight-line basis over the requisite service period for each separately vesting portion of the award , or to the employee 2019s retirement eligible date , if earlier .expected volatility is based on the weighted average of the most recent one-year volatility and a historical rolling average volatility of our stock over the expected life of the option .the risk-free interest rate is based on federal reserve rates in effect for bonds with maturity dates equal to the expected term of the option .we use historical data to estimate future option exercises , forfeitures and expected life of the options .when appropriate , separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes .the weighted-average estimated fair values of stock options granted during the years ended december 31 , 2010 , 2009 and 2008 were $ 5.28 , $ 3.79 and $ 4.36 per option , respectively , which were calculated using the following weighted-average assumptions: . | 2010 | 2009 | 2008
expected volatility | 28.6% ( 28.6 % ) | 28.7% ( 28.7 % ) | 27.3% ( 27.3 % )
risk-free interest rate | 2.4% ( 2.4 % ) | 1.4% ( 1.4 % ) | 1.7% ( 1.7 % )
dividend yield | 2.9% ( 2.9 % ) | 3.1% ( 3.1 % ) | 2.9% ( 2.9 % )
expected life ( in years ) | 4.3 | 4.2 | 4.2
contractual life ( in years ) | 7 | 7 | 7
expected forfeiture rate | 3.0% ( 3.0 % ) | 3.0% ( 3.0 % ) | 3.0% ( 3.0 % ) republic services , inc .notes to consolidated financial statements , continued .
Question: what was the change in the weighted-average estimated fair values of stock options granted from 2009 to 2010?
Steps: subtract(5.28, 3.79)
Answer: 1.49
Question: and how much does this change represent in relation to those estimated fair values in 2009, in percentage?
| 0.39314 | 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.
2006 plan prior to december 5 , 2008 became fully vested and nonforfeitable upon the closing of the acquisition .awards may be granted under the 2006 plan , as amended and restated , after december 5 , 2008 only to employees and consultants of allied waste industries , inc .and its subsidiaries who were not employed by republic services , inc .prior to such date .at december 31 , 2010 , there were approximately 15.3 million shares of common stock reserved for future grants under the 2006 plan .stock options we use a binomial option-pricing model to value our stock option grants .we recognize compensation expense on a straight-line basis over the requisite service period for each separately vesting portion of the award , or to the employee 2019s retirement eligible date , if earlier .expected volatility is based on the weighted average of the most recent one-year volatility and a historical rolling average volatility of our stock over the expected life of the option .the risk-free interest rate is based on federal reserve rates in effect for bonds with maturity dates equal to the expected term of the option .we use historical data to estimate future option exercises , forfeitures and expected life of the options .when appropriate , separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes .the weighted-average estimated fair values of stock options granted during the years ended december 31 , 2010 , 2009 and 2008 were $ 5.28 , $ 3.79 and $ 4.36 per option , respectively , which were calculated using the following weighted-average assumptions: . | 2010 | 2009 | 2008
expected volatility | 28.6% ( 28.6 % ) | 28.7% ( 28.7 % ) | 27.3% ( 27.3 % )
risk-free interest rate | 2.4% ( 2.4 % ) | 1.4% ( 1.4 % ) | 1.7% ( 1.7 % )
dividend yield | 2.9% ( 2.9 % ) | 3.1% ( 3.1 % ) | 2.9% ( 2.9 % )
expected life ( in years ) | 4.3 | 4.2 | 4.2
contractual life ( in years ) | 7 | 7 | 7
expected forfeiture rate | 3.0% ( 3.0 % ) | 3.0% ( 3.0 % ) | 3.0% ( 3.0 % ) republic services , inc .notes to consolidated financial statements , continued .
Question: what was the change in the weighted-average estimated fair values of stock options granted from 2009 to 2010?
Steps: subtract(5.28, 3.79)
Answer: 1.49
Question: and how much does this change represent in relation to those estimated fair values in 2009, in percentage?
| convfinqa2196 |
it can issue debt securities , preferred stock , common stock , warrants , share purchase contracts or share purchase units without a predetermined limit .securities can be sold in one or more separate offerings with the size , price and terms to be determined at the time of sale .emerson 2019s financial structure provides the flexibility necessary to achieve its strategic objectives .the company has been successful in efficiently deploying cash where needed worldwide to fund operations , complete acquisitions and sustain long-term growth .at september 30 , 2017 , $ 3.1 billion of the company 2019s cash was held outside the u.s .( primarily in europe and asia ) , $ 1.4 billion of which income taxes have been provided for , and was generally available for repatriation to the u.s .under current tax law , repatriated cash may be subject to u.s .federal income taxes , net of available foreign tax credits .the company routinely repatriates a portion of its non-u.s .cash from earnings each year , or otherwise when it can be accomplished tax efficiently , and provides for u.s .income taxes as appropriate .the company has been able to readily meet all its funding requirements and currently believes that sufficient funds will be available to meet the company 2019s needs in the foreseeable future through operating cash flow , existing resources , short- and long-term debt capacity or backup credit lines .contractual obligations at september 30 , 2017 , the company 2019s contractual obligations , including estimated payments , are as follows : amounts due by period less more than 1 2013 3 3 2013 5 than ( dollars in millions ) total 1 year years years 5 years long-term debt ( including interest ) $ 5342 428 1434 966 2514 . ( dollars in millions ) | amounts due by period total | amounts due by period less than 1 year | amounts due by period 1 - 3years | amounts due by period 3 - 5years | amounts due by period more than5 years
long-term debt ( including interest ) | $ 5342 | 428 | 1434 | 966 | 2514
operating leases | 536 | 171 | 206 | 80 | 79
purchase obligations | 746 | 655 | 71 | 14 | 6
total | $ 6624 | 1254 | 1711 | 1060 | 2599 purchase obligations consist primarily of inventory purchases made in the normal course of business to meet operational requirements .the table above does not include $ 2.0 billion of other noncurrent liabilities recorded in the balance sheet and summarized in note 19 , which consist primarily of pension and postretirement plan liabilities , deferred income taxes and unrecognized tax benefits , because it is not certain when these amounts will become due .see notes 11 and 12 for estimated future benefit payments and note 14 for additional information on deferred income taxes .financial instruments the company is exposed to market risk related to changes in interest rates , foreign currency exchange rates and commodity prices , and selectively uses derivative financial instruments , including forwards , swaps and purchased options to manage these risks .the company does not hold derivatives for trading or speculative purposes .the value of derivatives and other financial instruments is subject to change as a result of market movements in rates and prices .sensitivity analysis is one technique used to forecast the impact of these movements .based on a hypothetical 10 percent increase in interest rates , a 10 percent decrease in commodity prices or a 10 percent weakening in the u.s .dollar across all currencies , the potential losses in future earnings , fair value or cash flows are not material .sensitivity analysis has limitations ; for example , a weaker u.s .dollar would benefit future earnings through favorable translation of non-u.s .operating results , and lower commodity prices would benefit future earnings through lower cost of sales .see notes 1 , and 8 through 10 .critical accounting policies preparation of the company 2019s financial statements requires management to make judgments , assumptions and estimates regarding uncertainties that could affect reported revenue , expenses , assets , liabilities and equity .note 1 describes the significant accounting policies used in preparation of the consolidated financial statements .the most significant areas where management judgments and estimates impact the primary financial statements are described below .actual results in these areas could differ materially from management 2019s estimates under different assumptions or conditions .revenue recognition the company recognizes a large majority of its revenue through the sale of manufactured products and records the sale when products are shipped or delivered , title and risk of loss pass to the customer , and collection is reasonably assured .in certain circumstances , revenue is recognized using the percentage-of- completion method , as performance occurs , or in accordance with asc 985-605 related to software .sales arrangements sometimes involve delivering multiple elements , which requires management judgment that affects the amount and timing of revenue recognized .in these instances , the revenue assigned to each element is based on vendor-specific objective evidence , third-party evidence or a management estimate of the relative selling price .revenue is recognized for delivered elements if they have value to the customer on a stand-alone basis and performance related to the undelivered items is probable and substantially in the company 2019s control , or the undelivered elements are inconsequential or perfunctory and there are no unsatisfied contingencies related to payment .the vast majority of deliverables are tangible products , with a smaller portion attributable to installation , service or maintenance .management believes that all relevant criteria and conditions are considered when recognizing revenue. .
Question: what is the total obligations for long-term debt?
| 5342.0 | 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.
it can issue debt securities , preferred stock , common stock , warrants , share purchase contracts or share purchase units without a predetermined limit .securities can be sold in one or more separate offerings with the size , price and terms to be determined at the time of sale .emerson 2019s financial structure provides the flexibility necessary to achieve its strategic objectives .the company has been successful in efficiently deploying cash where needed worldwide to fund operations , complete acquisitions and sustain long-term growth .at september 30 , 2017 , $ 3.1 billion of the company 2019s cash was held outside the u.s .( primarily in europe and asia ) , $ 1.4 billion of which income taxes have been provided for , and was generally available for repatriation to the u.s .under current tax law , repatriated cash may be subject to u.s .federal income taxes , net of available foreign tax credits .the company routinely repatriates a portion of its non-u.s .cash from earnings each year , or otherwise when it can be accomplished tax efficiently , and provides for u.s .income taxes as appropriate .the company has been able to readily meet all its funding requirements and currently believes that sufficient funds will be available to meet the company 2019s needs in the foreseeable future through operating cash flow , existing resources , short- and long-term debt capacity or backup credit lines .contractual obligations at september 30 , 2017 , the company 2019s contractual obligations , including estimated payments , are as follows : amounts due by period less more than 1 2013 3 3 2013 5 than ( dollars in millions ) total 1 year years years 5 years long-term debt ( including interest ) $ 5342 428 1434 966 2514 . ( dollars in millions ) | amounts due by period total | amounts due by period less than 1 year | amounts due by period 1 - 3years | amounts due by period 3 - 5years | amounts due by period more than5 years
long-term debt ( including interest ) | $ 5342 | 428 | 1434 | 966 | 2514
operating leases | 536 | 171 | 206 | 80 | 79
purchase obligations | 746 | 655 | 71 | 14 | 6
total | $ 6624 | 1254 | 1711 | 1060 | 2599 purchase obligations consist primarily of inventory purchases made in the normal course of business to meet operational requirements .the table above does not include $ 2.0 billion of other noncurrent liabilities recorded in the balance sheet and summarized in note 19 , which consist primarily of pension and postretirement plan liabilities , deferred income taxes and unrecognized tax benefits , because it is not certain when these amounts will become due .see notes 11 and 12 for estimated future benefit payments and note 14 for additional information on deferred income taxes .financial instruments the company is exposed to market risk related to changes in interest rates , foreign currency exchange rates and commodity prices , and selectively uses derivative financial instruments , including forwards , swaps and purchased options to manage these risks .the company does not hold derivatives for trading or speculative purposes .the value of derivatives and other financial instruments is subject to change as a result of market movements in rates and prices .sensitivity analysis is one technique used to forecast the impact of these movements .based on a hypothetical 10 percent increase in interest rates , a 10 percent decrease in commodity prices or a 10 percent weakening in the u.s .dollar across all currencies , the potential losses in future earnings , fair value or cash flows are not material .sensitivity analysis has limitations ; for example , a weaker u.s .dollar would benefit future earnings through favorable translation of non-u.s .operating results , and lower commodity prices would benefit future earnings through lower cost of sales .see notes 1 , and 8 through 10 .critical accounting policies preparation of the company 2019s financial statements requires management to make judgments , assumptions and estimates regarding uncertainties that could affect reported revenue , expenses , assets , liabilities and equity .note 1 describes the significant accounting policies used in preparation of the consolidated financial statements .the most significant areas where management judgments and estimates impact the primary financial statements are described below .actual results in these areas could differ materially from management 2019s estimates under different assumptions or conditions .revenue recognition the company recognizes a large majority of its revenue through the sale of manufactured products and records the sale when products are shipped or delivered , title and risk of loss pass to the customer , and collection is reasonably assured .in certain circumstances , revenue is recognized using the percentage-of- completion method , as performance occurs , or in accordance with asc 985-605 related to software .sales arrangements sometimes involve delivering multiple elements , which requires management judgment that affects the amount and timing of revenue recognized .in these instances , the revenue assigned to each element is based on vendor-specific objective evidence , third-party evidence or a management estimate of the relative selling price .revenue is recognized for delivered elements if they have value to the customer on a stand-alone basis and performance related to the undelivered items is probable and substantially in the company 2019s control , or the undelivered elements are inconsequential or perfunctory and there are no unsatisfied contingencies related to payment .the vast majority of deliverables are tangible products , with a smaller portion attributable to installation , service or maintenance .management believes that all relevant criteria and conditions are considered when recognizing revenue. .
Question: what is the total obligations for long-term debt?
| convfinqa2197 |
it can issue debt securities , preferred stock , common stock , warrants , share purchase contracts or share purchase units without a predetermined limit .securities can be sold in one or more separate offerings with the size , price and terms to be determined at the time of sale .emerson 2019s financial structure provides the flexibility necessary to achieve its strategic objectives .the company has been successful in efficiently deploying cash where needed worldwide to fund operations , complete acquisitions and sustain long-term growth .at september 30 , 2017 , $ 3.1 billion of the company 2019s cash was held outside the u.s .( primarily in europe and asia ) , $ 1.4 billion of which income taxes have been provided for , and was generally available for repatriation to the u.s .under current tax law , repatriated cash may be subject to u.s .federal income taxes , net of available foreign tax credits .the company routinely repatriates a portion of its non-u.s .cash from earnings each year , or otherwise when it can be accomplished tax efficiently , and provides for u.s .income taxes as appropriate .the company has been able to readily meet all its funding requirements and currently believes that sufficient funds will be available to meet the company 2019s needs in the foreseeable future through operating cash flow , existing resources , short- and long-term debt capacity or backup credit lines .contractual obligations at september 30 , 2017 , the company 2019s contractual obligations , including estimated payments , are as follows : amounts due by period less more than 1 2013 3 3 2013 5 than ( dollars in millions ) total 1 year years years 5 years long-term debt ( including interest ) $ 5342 428 1434 966 2514 . ( dollars in millions ) | amounts due by period total | amounts due by period less than 1 year | amounts due by period 1 - 3years | amounts due by period 3 - 5years | amounts due by period more than5 years
long-term debt ( including interest ) | $ 5342 | 428 | 1434 | 966 | 2514
operating leases | 536 | 171 | 206 | 80 | 79
purchase obligations | 746 | 655 | 71 | 14 | 6
total | $ 6624 | 1254 | 1711 | 1060 | 2599 purchase obligations consist primarily of inventory purchases made in the normal course of business to meet operational requirements .the table above does not include $ 2.0 billion of other noncurrent liabilities recorded in the balance sheet and summarized in note 19 , which consist primarily of pension and postretirement plan liabilities , deferred income taxes and unrecognized tax benefits , because it is not certain when these amounts will become due .see notes 11 and 12 for estimated future benefit payments and note 14 for additional information on deferred income taxes .financial instruments the company is exposed to market risk related to changes in interest rates , foreign currency exchange rates and commodity prices , and selectively uses derivative financial instruments , including forwards , swaps and purchased options to manage these risks .the company does not hold derivatives for trading or speculative purposes .the value of derivatives and other financial instruments is subject to change as a result of market movements in rates and prices .sensitivity analysis is one technique used to forecast the impact of these movements .based on a hypothetical 10 percent increase in interest rates , a 10 percent decrease in commodity prices or a 10 percent weakening in the u.s .dollar across all currencies , the potential losses in future earnings , fair value or cash flows are not material .sensitivity analysis has limitations ; for example , a weaker u.s .dollar would benefit future earnings through favorable translation of non-u.s .operating results , and lower commodity prices would benefit future earnings through lower cost of sales .see notes 1 , and 8 through 10 .critical accounting policies preparation of the company 2019s financial statements requires management to make judgments , assumptions and estimates regarding uncertainties that could affect reported revenue , expenses , assets , liabilities and equity .note 1 describes the significant accounting policies used in preparation of the consolidated financial statements .the most significant areas where management judgments and estimates impact the primary financial statements are described below .actual results in these areas could differ materially from management 2019s estimates under different assumptions or conditions .revenue recognition the company recognizes a large majority of its revenue through the sale of manufactured products and records the sale when products are shipped or delivered , title and risk of loss pass to the customer , and collection is reasonably assured .in certain circumstances , revenue is recognized using the percentage-of- completion method , as performance occurs , or in accordance with asc 985-605 related to software .sales arrangements sometimes involve delivering multiple elements , which requires management judgment that affects the amount and timing of revenue recognized .in these instances , the revenue assigned to each element is based on vendor-specific objective evidence , third-party evidence or a management estimate of the relative selling price .revenue is recognized for delivered elements if they have value to the customer on a stand-alone basis and performance related to the undelivered items is probable and substantially in the company 2019s control , or the undelivered elements are inconsequential or perfunctory and there are no unsatisfied contingencies related to payment .the vast majority of deliverables are tangible products , with a smaller portion attributable to installation , service or maintenance .management believes that all relevant criteria and conditions are considered when recognizing revenue. .
Question: what is the total obligations for long-term debt?
Steps: Ask for number 5342
Answer: 5342.0
Question: what about the balance of total obligations as of sep 30, 2017?
| 6624.0 | 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.
it can issue debt securities , preferred stock , common stock , warrants , share purchase contracts or share purchase units without a predetermined limit .securities can be sold in one or more separate offerings with the size , price and terms to be determined at the time of sale .emerson 2019s financial structure provides the flexibility necessary to achieve its strategic objectives .the company has been successful in efficiently deploying cash where needed worldwide to fund operations , complete acquisitions and sustain long-term growth .at september 30 , 2017 , $ 3.1 billion of the company 2019s cash was held outside the u.s .( primarily in europe and asia ) , $ 1.4 billion of which income taxes have been provided for , and was generally available for repatriation to the u.s .under current tax law , repatriated cash may be subject to u.s .federal income taxes , net of available foreign tax credits .the company routinely repatriates a portion of its non-u.s .cash from earnings each year , or otherwise when it can be accomplished tax efficiently , and provides for u.s .income taxes as appropriate .the company has been able to readily meet all its funding requirements and currently believes that sufficient funds will be available to meet the company 2019s needs in the foreseeable future through operating cash flow , existing resources , short- and long-term debt capacity or backup credit lines .contractual obligations at september 30 , 2017 , the company 2019s contractual obligations , including estimated payments , are as follows : amounts due by period less more than 1 2013 3 3 2013 5 than ( dollars in millions ) total 1 year years years 5 years long-term debt ( including interest ) $ 5342 428 1434 966 2514 . ( dollars in millions ) | amounts due by period total | amounts due by period less than 1 year | amounts due by period 1 - 3years | amounts due by period 3 - 5years | amounts due by period more than5 years
long-term debt ( including interest ) | $ 5342 | 428 | 1434 | 966 | 2514
operating leases | 536 | 171 | 206 | 80 | 79
purchase obligations | 746 | 655 | 71 | 14 | 6
total | $ 6624 | 1254 | 1711 | 1060 | 2599 purchase obligations consist primarily of inventory purchases made in the normal course of business to meet operational requirements .the table above does not include $ 2.0 billion of other noncurrent liabilities recorded in the balance sheet and summarized in note 19 , which consist primarily of pension and postretirement plan liabilities , deferred income taxes and unrecognized tax benefits , because it is not certain when these amounts will become due .see notes 11 and 12 for estimated future benefit payments and note 14 for additional information on deferred income taxes .financial instruments the company is exposed to market risk related to changes in interest rates , foreign currency exchange rates and commodity prices , and selectively uses derivative financial instruments , including forwards , swaps and purchased options to manage these risks .the company does not hold derivatives for trading or speculative purposes .the value of derivatives and other financial instruments is subject to change as a result of market movements in rates and prices .sensitivity analysis is one technique used to forecast the impact of these movements .based on a hypothetical 10 percent increase in interest rates , a 10 percent decrease in commodity prices or a 10 percent weakening in the u.s .dollar across all currencies , the potential losses in future earnings , fair value or cash flows are not material .sensitivity analysis has limitations ; for example , a weaker u.s .dollar would benefit future earnings through favorable translation of non-u.s .operating results , and lower commodity prices would benefit future earnings through lower cost of sales .see notes 1 , and 8 through 10 .critical accounting policies preparation of the company 2019s financial statements requires management to make judgments , assumptions and estimates regarding uncertainties that could affect reported revenue , expenses , assets , liabilities and equity .note 1 describes the significant accounting policies used in preparation of the consolidated financial statements .the most significant areas where management judgments and estimates impact the primary financial statements are described below .actual results in these areas could differ materially from management 2019s estimates under different assumptions or conditions .revenue recognition the company recognizes a large majority of its revenue through the sale of manufactured products and records the sale when products are shipped or delivered , title and risk of loss pass to the customer , and collection is reasonably assured .in certain circumstances , revenue is recognized using the percentage-of- completion method , as performance occurs , or in accordance with asc 985-605 related to software .sales arrangements sometimes involve delivering multiple elements , which requires management judgment that affects the amount and timing of revenue recognized .in these instances , the revenue assigned to each element is based on vendor-specific objective evidence , third-party evidence or a management estimate of the relative selling price .revenue is recognized for delivered elements if they have value to the customer on a stand-alone basis and performance related to the undelivered items is probable and substantially in the company 2019s control , or the undelivered elements are inconsequential or perfunctory and there are no unsatisfied contingencies related to payment .the vast majority of deliverables are tangible products , with a smaller portion attributable to installation , service or maintenance .management believes that all relevant criteria and conditions are considered when recognizing revenue. .
Question: what is the total obligations for long-term debt?
Steps: Ask for number 5342
Answer: 5342.0
Question: what about the balance of total obligations as of sep 30, 2017?
| convfinqa2198 |
it can issue debt securities , preferred stock , common stock , warrants , share purchase contracts or share purchase units without a predetermined limit .securities can be sold in one or more separate offerings with the size , price and terms to be determined at the time of sale .emerson 2019s financial structure provides the flexibility necessary to achieve its strategic objectives .the company has been successful in efficiently deploying cash where needed worldwide to fund operations , complete acquisitions and sustain long-term growth .at september 30 , 2017 , $ 3.1 billion of the company 2019s cash was held outside the u.s .( primarily in europe and asia ) , $ 1.4 billion of which income taxes have been provided for , and was generally available for repatriation to the u.s .under current tax law , repatriated cash may be subject to u.s .federal income taxes , net of available foreign tax credits .the company routinely repatriates a portion of its non-u.s .cash from earnings each year , or otherwise when it can be accomplished tax efficiently , and provides for u.s .income taxes as appropriate .the company has been able to readily meet all its funding requirements and currently believes that sufficient funds will be available to meet the company 2019s needs in the foreseeable future through operating cash flow , existing resources , short- and long-term debt capacity or backup credit lines .contractual obligations at september 30 , 2017 , the company 2019s contractual obligations , including estimated payments , are as follows : amounts due by period less more than 1 2013 3 3 2013 5 than ( dollars in millions ) total 1 year years years 5 years long-term debt ( including interest ) $ 5342 428 1434 966 2514 . ( dollars in millions ) | amounts due by period total | amounts due by period less than 1 year | amounts due by period 1 - 3years | amounts due by period 3 - 5years | amounts due by period more than5 years
long-term debt ( including interest ) | $ 5342 | 428 | 1434 | 966 | 2514
operating leases | 536 | 171 | 206 | 80 | 79
purchase obligations | 746 | 655 | 71 | 14 | 6
total | $ 6624 | 1254 | 1711 | 1060 | 2599 purchase obligations consist primarily of inventory purchases made in the normal course of business to meet operational requirements .the table above does not include $ 2.0 billion of other noncurrent liabilities recorded in the balance sheet and summarized in note 19 , which consist primarily of pension and postretirement plan liabilities , deferred income taxes and unrecognized tax benefits , because it is not certain when these amounts will become due .see notes 11 and 12 for estimated future benefit payments and note 14 for additional information on deferred income taxes .financial instruments the company is exposed to market risk related to changes in interest rates , foreign currency exchange rates and commodity prices , and selectively uses derivative financial instruments , including forwards , swaps and purchased options to manage these risks .the company does not hold derivatives for trading or speculative purposes .the value of derivatives and other financial instruments is subject to change as a result of market movements in rates and prices .sensitivity analysis is one technique used to forecast the impact of these movements .based on a hypothetical 10 percent increase in interest rates , a 10 percent decrease in commodity prices or a 10 percent weakening in the u.s .dollar across all currencies , the potential losses in future earnings , fair value or cash flows are not material .sensitivity analysis has limitations ; for example , a weaker u.s .dollar would benefit future earnings through favorable translation of non-u.s .operating results , and lower commodity prices would benefit future earnings through lower cost of sales .see notes 1 , and 8 through 10 .critical accounting policies preparation of the company 2019s financial statements requires management to make judgments , assumptions and estimates regarding uncertainties that could affect reported revenue , expenses , assets , liabilities and equity .note 1 describes the significant accounting policies used in preparation of the consolidated financial statements .the most significant areas where management judgments and estimates impact the primary financial statements are described below .actual results in these areas could differ materially from management 2019s estimates under different assumptions or conditions .revenue recognition the company recognizes a large majority of its revenue through the sale of manufactured products and records the sale when products are shipped or delivered , title and risk of loss pass to the customer , and collection is reasonably assured .in certain circumstances , revenue is recognized using the percentage-of- completion method , as performance occurs , or in accordance with asc 985-605 related to software .sales arrangements sometimes involve delivering multiple elements , which requires management judgment that affects the amount and timing of revenue recognized .in these instances , the revenue assigned to each element is based on vendor-specific objective evidence , third-party evidence or a management estimate of the relative selling price .revenue is recognized for delivered elements if they have value to the customer on a stand-alone basis and performance related to the undelivered items is probable and substantially in the company 2019s control , or the undelivered elements are inconsequential or perfunctory and there are no unsatisfied contingencies related to payment .the vast majority of deliverables are tangible products , with a smaller portion attributable to installation , service or maintenance .management believes that all relevant criteria and conditions are considered when recognizing revenue. .
Question: what is the total obligations for long-term debt?
Steps: Ask for number 5342
Answer: 5342.0
Question: what about the balance of total obligations as of sep 30, 2017?
Steps: Ask for number 6624
Answer: 6624.0
Question: what proportion is related to long-term debt?
| 0.80646 | 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.
it can issue debt securities , preferred stock , common stock , warrants , share purchase contracts or share purchase units without a predetermined limit .securities can be sold in one or more separate offerings with the size , price and terms to be determined at the time of sale .emerson 2019s financial structure provides the flexibility necessary to achieve its strategic objectives .the company has been successful in efficiently deploying cash where needed worldwide to fund operations , complete acquisitions and sustain long-term growth .at september 30 , 2017 , $ 3.1 billion of the company 2019s cash was held outside the u.s .( primarily in europe and asia ) , $ 1.4 billion of which income taxes have been provided for , and was generally available for repatriation to the u.s .under current tax law , repatriated cash may be subject to u.s .federal income taxes , net of available foreign tax credits .the company routinely repatriates a portion of its non-u.s .cash from earnings each year , or otherwise when it can be accomplished tax efficiently , and provides for u.s .income taxes as appropriate .the company has been able to readily meet all its funding requirements and currently believes that sufficient funds will be available to meet the company 2019s needs in the foreseeable future through operating cash flow , existing resources , short- and long-term debt capacity or backup credit lines .contractual obligations at september 30 , 2017 , the company 2019s contractual obligations , including estimated payments , are as follows : amounts due by period less more than 1 2013 3 3 2013 5 than ( dollars in millions ) total 1 year years years 5 years long-term debt ( including interest ) $ 5342 428 1434 966 2514 . ( dollars in millions ) | amounts due by period total | amounts due by period less than 1 year | amounts due by period 1 - 3years | amounts due by period 3 - 5years | amounts due by period more than5 years
long-term debt ( including interest ) | $ 5342 | 428 | 1434 | 966 | 2514
operating leases | 536 | 171 | 206 | 80 | 79
purchase obligations | 746 | 655 | 71 | 14 | 6
total | $ 6624 | 1254 | 1711 | 1060 | 2599 purchase obligations consist primarily of inventory purchases made in the normal course of business to meet operational requirements .the table above does not include $ 2.0 billion of other noncurrent liabilities recorded in the balance sheet and summarized in note 19 , which consist primarily of pension and postretirement plan liabilities , deferred income taxes and unrecognized tax benefits , because it is not certain when these amounts will become due .see notes 11 and 12 for estimated future benefit payments and note 14 for additional information on deferred income taxes .financial instruments the company is exposed to market risk related to changes in interest rates , foreign currency exchange rates and commodity prices , and selectively uses derivative financial instruments , including forwards , swaps and purchased options to manage these risks .the company does not hold derivatives for trading or speculative purposes .the value of derivatives and other financial instruments is subject to change as a result of market movements in rates and prices .sensitivity analysis is one technique used to forecast the impact of these movements .based on a hypothetical 10 percent increase in interest rates , a 10 percent decrease in commodity prices or a 10 percent weakening in the u.s .dollar across all currencies , the potential losses in future earnings , fair value or cash flows are not material .sensitivity analysis has limitations ; for example , a weaker u.s .dollar would benefit future earnings through favorable translation of non-u.s .operating results , and lower commodity prices would benefit future earnings through lower cost of sales .see notes 1 , and 8 through 10 .critical accounting policies preparation of the company 2019s financial statements requires management to make judgments , assumptions and estimates regarding uncertainties that could affect reported revenue , expenses , assets , liabilities and equity .note 1 describes the significant accounting policies used in preparation of the consolidated financial statements .the most significant areas where management judgments and estimates impact the primary financial statements are described below .actual results in these areas could differ materially from management 2019s estimates under different assumptions or conditions .revenue recognition the company recognizes a large majority of its revenue through the sale of manufactured products and records the sale when products are shipped or delivered , title and risk of loss pass to the customer , and collection is reasonably assured .in certain circumstances , revenue is recognized using the percentage-of- completion method , as performance occurs , or in accordance with asc 985-605 related to software .sales arrangements sometimes involve delivering multiple elements , which requires management judgment that affects the amount and timing of revenue recognized .in these instances , the revenue assigned to each element is based on vendor-specific objective evidence , third-party evidence or a management estimate of the relative selling price .revenue is recognized for delivered elements if they have value to the customer on a stand-alone basis and performance related to the undelivered items is probable and substantially in the company 2019s control , or the undelivered elements are inconsequential or perfunctory and there are no unsatisfied contingencies related to payment .the vast majority of deliverables are tangible products , with a smaller portion attributable to installation , service or maintenance .management believes that all relevant criteria and conditions are considered when recognizing revenue. .
Question: what is the total obligations for long-term debt?
Steps: Ask for number 5342
Answer: 5342.0
Question: what about the balance of total obligations as of sep 30, 2017?
Steps: Ask for number 6624
Answer: 6624.0
Question: what proportion is related to long-term debt?
| convfinqa2199 |
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