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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?
Steps: divide(5342, 6624)
Answer: 0.80646
Question: what about the proportion of total obligations related to purchase obligations?
| 0.11262 | 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?
Steps: divide(5342, 6624)
Answer: 0.80646
Question: what about the proportion of total obligations related to purchase obligations?
| convfinqa2200 |
table of contents the notional amounts for outstanding derivative instruments provide one measure of the transaction volume outstanding and do not represent the amount of the company 2019s exposure to credit or market loss .the credit risk amounts represent the company 2019s gross exposure to potential accounting loss on derivative instruments that are outstanding or unsettled if all counterparties failed to perform according to the terms of the contract , based on then-current currency or interest rates at each respective date .the company 2019s exposure to credit loss and market risk will vary over time as currency and interest rates change .although the table above reflects the notional and credit risk amounts of the company 2019s derivative instruments , it does not reflect the gains or losses associated with the exposures and transactions that the instruments are intended to hedge .the amounts ultimately realized upon settlement of these financial instruments , together with the gains and losses on the underlying exposures , will depend on actual market conditions during the remaining life of the instruments .the company generally enters into master netting arrangements , which are designed to reduce credit risk by permitting net settlement of transactions with the same counterparty .to further limit credit risk , the company generally enters into collateral security arrangements that provide for collateral to be received or posted when the net fair value of certain financial instruments fluctuates from contractually established thresholds .the company presents its derivative assets and derivative liabilities at their gross fair values in its consolidated balance sheets .the net cash collateral received by the company related to derivative instruments under its collateral security arrangements was $ 1.0 billion as of september 26 , 2015 and $ 2.1 billion as of september 27 , 2014 .under master netting arrangements with the respective counterparties to the company 2019s derivative contracts , the company is allowed to net settle transactions with a single net amount payable by one party to the other .as of september 26 , 2015 and september 27 , 2014 , the potential effects of these rights of set-off associated with the company 2019s derivative contracts , including the effects of collateral , would be a reduction to both derivative assets and derivative liabilities of $ 2.2 billion and $ 1.6 billion , respectively , resulting in net derivative liabilities of $ 78 million and $ 549 million , respectively .accounts receivable receivables the company has considerable trade receivables outstanding with its third-party cellular network carriers , wholesalers , retailers , value-added resellers , small and mid-sized businesses and education , enterprise and government customers .the company generally does not require collateral from its customers ; however , the company will require collateral in certain instances to limit credit risk .in addition , when possible , the company attempts to limit credit risk on trade receivables with credit insurance for certain customers or by requiring third-party financing , loans or leases to support credit exposure .these credit-financing arrangements are directly between the third-party financing company and the end customer .as such , the company generally does not assume any recourse or credit risk sharing related to any of these arrangements .as of september 26 , 2015 , the company had one customer that represented 10% ( 10 % ) or more of total trade receivables , which accounted for 12% ( 12 % ) .as of september 27 , 2014 , the company had two customers that represented 10% ( 10 % ) or more of total trade receivables , one of which accounted for 16% ( 16 % ) and the other 13% ( 13 % ) .the company 2019s cellular network carriers accounted for 71% ( 71 % ) and 72% ( 72 % ) of trade receivables as of september 26 , 2015 and september 27 , 2014 , respectively .vendor non-trade receivables the company has non-trade receivables from certain of its manufacturing vendors resulting from the sale of components to these vendors who manufacture sub-assemblies or assemble final products for the company .the company purchases these components directly from suppliers .vendor non-trade receivables from three of the company 2019s vendors accounted for 38% ( 38 % ) , 18% ( 18 % ) and 14% ( 14 % ) of total vendor non-trade receivables as of september 26 , 2015 and three of the company 2019s vendors accounted for 51% ( 51 % ) , 16% ( 16 % ) and 14% ( 14 % ) of total vendor non-trade receivables as of september 27 , 2014 .note 3 2013 consolidated financial statement details the following tables show the company 2019s consolidated financial statement details as of september 26 , 2015 and september 27 , 2014 ( in millions ) : property , plant and equipment , net . | 2015 | 2014
land and buildings | $ 6956 | $ 4863
machinery equipment and internal-use software | 37038 | 29639
leasehold improvements | 5263 | 4513
gross property plant and equipment | 49257 | 39015
accumulated depreciation and amortization | -26786 ( 26786 ) | -18391 ( 18391 )
total property plant and equipment net | $ 22471 | $ 20624 apple inc .| 2015 form 10-k | 53 .
Question: what was the change in leasehold improvements between 2014 and 2015?
| 750.0 | 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 notional amounts for outstanding derivative instruments provide one measure of the transaction volume outstanding and do not represent the amount of the company 2019s exposure to credit or market loss .the credit risk amounts represent the company 2019s gross exposure to potential accounting loss on derivative instruments that are outstanding or unsettled if all counterparties failed to perform according to the terms of the contract , based on then-current currency or interest rates at each respective date .the company 2019s exposure to credit loss and market risk will vary over time as currency and interest rates change .although the table above reflects the notional and credit risk amounts of the company 2019s derivative instruments , it does not reflect the gains or losses associated with the exposures and transactions that the instruments are intended to hedge .the amounts ultimately realized upon settlement of these financial instruments , together with the gains and losses on the underlying exposures , will depend on actual market conditions during the remaining life of the instruments .the company generally enters into master netting arrangements , which are designed to reduce credit risk by permitting net settlement of transactions with the same counterparty .to further limit credit risk , the company generally enters into collateral security arrangements that provide for collateral to be received or posted when the net fair value of certain financial instruments fluctuates from contractually established thresholds .the company presents its derivative assets and derivative liabilities at their gross fair values in its consolidated balance sheets .the net cash collateral received by the company related to derivative instruments under its collateral security arrangements was $ 1.0 billion as of september 26 , 2015 and $ 2.1 billion as of september 27 , 2014 .under master netting arrangements with the respective counterparties to the company 2019s derivative contracts , the company is allowed to net settle transactions with a single net amount payable by one party to the other .as of september 26 , 2015 and september 27 , 2014 , the potential effects of these rights of set-off associated with the company 2019s derivative contracts , including the effects of collateral , would be a reduction to both derivative assets and derivative liabilities of $ 2.2 billion and $ 1.6 billion , respectively , resulting in net derivative liabilities of $ 78 million and $ 549 million , respectively .accounts receivable receivables the company has considerable trade receivables outstanding with its third-party cellular network carriers , wholesalers , retailers , value-added resellers , small and mid-sized businesses and education , enterprise and government customers .the company generally does not require collateral from its customers ; however , the company will require collateral in certain instances to limit credit risk .in addition , when possible , the company attempts to limit credit risk on trade receivables with credit insurance for certain customers or by requiring third-party financing , loans or leases to support credit exposure .these credit-financing arrangements are directly between the third-party financing company and the end customer .as such , the company generally does not assume any recourse or credit risk sharing related to any of these arrangements .as of september 26 , 2015 , the company had one customer that represented 10% ( 10 % ) or more of total trade receivables , which accounted for 12% ( 12 % ) .as of september 27 , 2014 , the company had two customers that represented 10% ( 10 % ) or more of total trade receivables , one of which accounted for 16% ( 16 % ) and the other 13% ( 13 % ) .the company 2019s cellular network carriers accounted for 71% ( 71 % ) and 72% ( 72 % ) of trade receivables as of september 26 , 2015 and september 27 , 2014 , respectively .vendor non-trade receivables the company has non-trade receivables from certain of its manufacturing vendors resulting from the sale of components to these vendors who manufacture sub-assemblies or assemble final products for the company .the company purchases these components directly from suppliers .vendor non-trade receivables from three of the company 2019s vendors accounted for 38% ( 38 % ) , 18% ( 18 % ) and 14% ( 14 % ) of total vendor non-trade receivables as of september 26 , 2015 and three of the company 2019s vendors accounted for 51% ( 51 % ) , 16% ( 16 % ) and 14% ( 14 % ) of total vendor non-trade receivables as of september 27 , 2014 .note 3 2013 consolidated financial statement details the following tables show the company 2019s consolidated financial statement details as of september 26 , 2015 and september 27 , 2014 ( in millions ) : property , plant and equipment , net . | 2015 | 2014
land and buildings | $ 6956 | $ 4863
machinery equipment and internal-use software | 37038 | 29639
leasehold improvements | 5263 | 4513
gross property plant and equipment | 49257 | 39015
accumulated depreciation and amortization | -26786 ( 26786 ) | -18391 ( 18391 )
total property plant and equipment net | $ 22471 | $ 20624 apple inc .| 2015 form 10-k | 53 .
Question: what was the change in leasehold improvements between 2014 and 2015?
| convfinqa2201 |
table of contents the notional amounts for outstanding derivative instruments provide one measure of the transaction volume outstanding and do not represent the amount of the company 2019s exposure to credit or market loss .the credit risk amounts represent the company 2019s gross exposure to potential accounting loss on derivative instruments that are outstanding or unsettled if all counterparties failed to perform according to the terms of the contract , based on then-current currency or interest rates at each respective date .the company 2019s exposure to credit loss and market risk will vary over time as currency and interest rates change .although the table above reflects the notional and credit risk amounts of the company 2019s derivative instruments , it does not reflect the gains or losses associated with the exposures and transactions that the instruments are intended to hedge .the amounts ultimately realized upon settlement of these financial instruments , together with the gains and losses on the underlying exposures , will depend on actual market conditions during the remaining life of the instruments .the company generally enters into master netting arrangements , which are designed to reduce credit risk by permitting net settlement of transactions with the same counterparty .to further limit credit risk , the company generally enters into collateral security arrangements that provide for collateral to be received or posted when the net fair value of certain financial instruments fluctuates from contractually established thresholds .the company presents its derivative assets and derivative liabilities at their gross fair values in its consolidated balance sheets .the net cash collateral received by the company related to derivative instruments under its collateral security arrangements was $ 1.0 billion as of september 26 , 2015 and $ 2.1 billion as of september 27 , 2014 .under master netting arrangements with the respective counterparties to the company 2019s derivative contracts , the company is allowed to net settle transactions with a single net amount payable by one party to the other .as of september 26 , 2015 and september 27 , 2014 , the potential effects of these rights of set-off associated with the company 2019s derivative contracts , including the effects of collateral , would be a reduction to both derivative assets and derivative liabilities of $ 2.2 billion and $ 1.6 billion , respectively , resulting in net derivative liabilities of $ 78 million and $ 549 million , respectively .accounts receivable receivables the company has considerable trade receivables outstanding with its third-party cellular network carriers , wholesalers , retailers , value-added resellers , small and mid-sized businesses and education , enterprise and government customers .the company generally does not require collateral from its customers ; however , the company will require collateral in certain instances to limit credit risk .in addition , when possible , the company attempts to limit credit risk on trade receivables with credit insurance for certain customers or by requiring third-party financing , loans or leases to support credit exposure .these credit-financing arrangements are directly between the third-party financing company and the end customer .as such , the company generally does not assume any recourse or credit risk sharing related to any of these arrangements .as of september 26 , 2015 , the company had one customer that represented 10% ( 10 % ) or more of total trade receivables , which accounted for 12% ( 12 % ) .as of september 27 , 2014 , the company had two customers that represented 10% ( 10 % ) or more of total trade receivables , one of which accounted for 16% ( 16 % ) and the other 13% ( 13 % ) .the company 2019s cellular network carriers accounted for 71% ( 71 % ) and 72% ( 72 % ) of trade receivables as of september 26 , 2015 and september 27 , 2014 , respectively .vendor non-trade receivables the company has non-trade receivables from certain of its manufacturing vendors resulting from the sale of components to these vendors who manufacture sub-assemblies or assemble final products for the company .the company purchases these components directly from suppliers .vendor non-trade receivables from three of the company 2019s vendors accounted for 38% ( 38 % ) , 18% ( 18 % ) and 14% ( 14 % ) of total vendor non-trade receivables as of september 26 , 2015 and three of the company 2019s vendors accounted for 51% ( 51 % ) , 16% ( 16 % ) and 14% ( 14 % ) of total vendor non-trade receivables as of september 27 , 2014 .note 3 2013 consolidated financial statement details the following tables show the company 2019s consolidated financial statement details as of september 26 , 2015 and september 27 , 2014 ( in millions ) : property , plant and equipment , net . | 2015 | 2014
land and buildings | $ 6956 | $ 4863
machinery equipment and internal-use software | 37038 | 29639
leasehold improvements | 5263 | 4513
gross property plant and equipment | 49257 | 39015
accumulated depreciation and amortization | -26786 ( 26786 ) | -18391 ( 18391 )
total property plant and equipment net | $ 22471 | $ 20624 apple inc .| 2015 form 10-k | 53 .
Question: what was the change in leasehold improvements between 2014 and 2015?
Steps: Ask for number 5263
Answer: 750.0
Question: and what was the change in total property plant and equipment net between 2014 and 2015?
| 1847.0 | 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 notional amounts for outstanding derivative instruments provide one measure of the transaction volume outstanding and do not represent the amount of the company 2019s exposure to credit or market loss .the credit risk amounts represent the company 2019s gross exposure to potential accounting loss on derivative instruments that are outstanding or unsettled if all counterparties failed to perform according to the terms of the contract , based on then-current currency or interest rates at each respective date .the company 2019s exposure to credit loss and market risk will vary over time as currency and interest rates change .although the table above reflects the notional and credit risk amounts of the company 2019s derivative instruments , it does not reflect the gains or losses associated with the exposures and transactions that the instruments are intended to hedge .the amounts ultimately realized upon settlement of these financial instruments , together with the gains and losses on the underlying exposures , will depend on actual market conditions during the remaining life of the instruments .the company generally enters into master netting arrangements , which are designed to reduce credit risk by permitting net settlement of transactions with the same counterparty .to further limit credit risk , the company generally enters into collateral security arrangements that provide for collateral to be received or posted when the net fair value of certain financial instruments fluctuates from contractually established thresholds .the company presents its derivative assets and derivative liabilities at their gross fair values in its consolidated balance sheets .the net cash collateral received by the company related to derivative instruments under its collateral security arrangements was $ 1.0 billion as of september 26 , 2015 and $ 2.1 billion as of september 27 , 2014 .under master netting arrangements with the respective counterparties to the company 2019s derivative contracts , the company is allowed to net settle transactions with a single net amount payable by one party to the other .as of september 26 , 2015 and september 27 , 2014 , the potential effects of these rights of set-off associated with the company 2019s derivative contracts , including the effects of collateral , would be a reduction to both derivative assets and derivative liabilities of $ 2.2 billion and $ 1.6 billion , respectively , resulting in net derivative liabilities of $ 78 million and $ 549 million , respectively .accounts receivable receivables the company has considerable trade receivables outstanding with its third-party cellular network carriers , wholesalers , retailers , value-added resellers , small and mid-sized businesses and education , enterprise and government customers .the company generally does not require collateral from its customers ; however , the company will require collateral in certain instances to limit credit risk .in addition , when possible , the company attempts to limit credit risk on trade receivables with credit insurance for certain customers or by requiring third-party financing , loans or leases to support credit exposure .these credit-financing arrangements are directly between the third-party financing company and the end customer .as such , the company generally does not assume any recourse or credit risk sharing related to any of these arrangements .as of september 26 , 2015 , the company had one customer that represented 10% ( 10 % ) or more of total trade receivables , which accounted for 12% ( 12 % ) .as of september 27 , 2014 , the company had two customers that represented 10% ( 10 % ) or more of total trade receivables , one of which accounted for 16% ( 16 % ) and the other 13% ( 13 % ) .the company 2019s cellular network carriers accounted for 71% ( 71 % ) and 72% ( 72 % ) of trade receivables as of september 26 , 2015 and september 27 , 2014 , respectively .vendor non-trade receivables the company has non-trade receivables from certain of its manufacturing vendors resulting from the sale of components to these vendors who manufacture sub-assemblies or assemble final products for the company .the company purchases these components directly from suppliers .vendor non-trade receivables from three of the company 2019s vendors accounted for 38% ( 38 % ) , 18% ( 18 % ) and 14% ( 14 % ) of total vendor non-trade receivables as of september 26 , 2015 and three of the company 2019s vendors accounted for 51% ( 51 % ) , 16% ( 16 % ) and 14% ( 14 % ) of total vendor non-trade receivables as of september 27 , 2014 .note 3 2013 consolidated financial statement details the following tables show the company 2019s consolidated financial statement details as of september 26 , 2015 and september 27 , 2014 ( in millions ) : property , plant and equipment , net . | 2015 | 2014
land and buildings | $ 6956 | $ 4863
machinery equipment and internal-use software | 37038 | 29639
leasehold improvements | 5263 | 4513
gross property plant and equipment | 49257 | 39015
accumulated depreciation and amortization | -26786 ( 26786 ) | -18391 ( 18391 )
total property plant and equipment net | $ 22471 | $ 20624 apple inc .| 2015 form 10-k | 53 .
Question: what was the change in leasehold improvements between 2014 and 2015?
Steps: Ask for number 5263
Answer: 750.0
Question: and what was the change in total property plant and equipment net between 2014 and 2015?
| convfinqa2202 |
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) basis step-up from corporate restructuring represents the tax effects of increasing the basis for tax purposes of certain of the company 2019s assets in conjunction with its spin-off from american radio systems corporation , its former parent company .at december 31 , 2003 , the company had net federal and state operating loss carryforwards available to reduce future taxable income of approximately $ 0.9 billion and $ 1.5 billion , respectively .if not utilized , the company 2019s net operating loss carryforwards expire as follows ( in thousands ) : . years ended december 31, | federal | state
2004 to 2008 | $ 1451 | $ 483578
2009 to 2013 | 12234 | 66666
2014 to 2018 | 10191 | 235589
2019 to 2023 | 903010 | 728139
total | $ 926886 | $ 1513972 sfas no .109 , 201caccounting for income taxes , 201d requires that companies record a valuation allowance when it is 201cmore likely than not that some portion or all of the deferred tax assets will not be realized . 201d at december 31 , 2003 , the company has provided a valuation allowance of approximately $ 156.7 million , primarily related to net state deferred tax assets , capital loss carryforwards and the lost tax benefit and costs associated with our tax refund claims .the company has not provided a valuation allowance for the remaining net deferred tax assets , primarily its tax refund claims and federal net operating loss carryforwards , as management believes the company will be successful with its tax refund claims and have sufficient time to realize these federal net operating loss carryforwards during the twenty-year tax carryforward period .the company intends to recover a portion of its deferred tax asset through its tax refund claims , related to certain federal net operating losses , filed during 2003 as part of a tax planning strategy implemented in 2002 .the recoverability of its remaining net deferred tax asset has been assessed utilizing stable state ( no growth ) projections based on its current operations .the projections show a significant decrease in depreciation and interest expense in the later years of the carryforward period as a result of a significant portion of its assets being fully depreciated during the first fifteen years of the carryforward period and debt repayments reducing interest expense .accordingly , the recoverability of the net deferred tax asset is not dependent on material improvements to operations , material asset sales or other non-routine transactions .based on its current outlook of future taxable income during the carryforward period , management believes that the net deferred tax asset will be realized .the realization of the company 2019s deferred tax assets will be dependent upon its ability to generate approximately $ 1.0 billion in taxable income from january 1 , 2004 to december 31 , 2023 .if the company is unable to generate sufficient taxable income in the future , or carry back losses as described above , it will be required to reduce its net deferred tax asset through a charge to income tax expense , which would result in a corresponding decrease in stockholders 2019 equity .depending on the resolution of the verestar bankruptcy proceedings described in note 2 , the company may be entitled to a worthless stock or bad debt deduction for its investment in verestar .no income tax benefit has been provided for these potential deductions due to the uncertainty surrounding the bankruptcy proceedings .13 .stockholders 2019 equity preferred stock as of december 31 , 2003 the company was authorized to issue up to 20.0 million shares of $ .01 par value preferred stock .as of december 31 , 2003 and 2002 there were no preferred shares issued or outstanding. .
Question: what is the amount of the state operating loss carryforwards that expires between 2004 and 2008?
| 483578.0 | 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.
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) basis step-up from corporate restructuring represents the tax effects of increasing the basis for tax purposes of certain of the company 2019s assets in conjunction with its spin-off from american radio systems corporation , its former parent company .at december 31 , 2003 , the company had net federal and state operating loss carryforwards available to reduce future taxable income of approximately $ 0.9 billion and $ 1.5 billion , respectively .if not utilized , the company 2019s net operating loss carryforwards expire as follows ( in thousands ) : . years ended december 31, | federal | state
2004 to 2008 | $ 1451 | $ 483578
2009 to 2013 | 12234 | 66666
2014 to 2018 | 10191 | 235589
2019 to 2023 | 903010 | 728139
total | $ 926886 | $ 1513972 sfas no .109 , 201caccounting for income taxes , 201d requires that companies record a valuation allowance when it is 201cmore likely than not that some portion or all of the deferred tax assets will not be realized . 201d at december 31 , 2003 , the company has provided a valuation allowance of approximately $ 156.7 million , primarily related to net state deferred tax assets , capital loss carryforwards and the lost tax benefit and costs associated with our tax refund claims .the company has not provided a valuation allowance for the remaining net deferred tax assets , primarily its tax refund claims and federal net operating loss carryforwards , as management believes the company will be successful with its tax refund claims and have sufficient time to realize these federal net operating loss carryforwards during the twenty-year tax carryforward period .the company intends to recover a portion of its deferred tax asset through its tax refund claims , related to certain federal net operating losses , filed during 2003 as part of a tax planning strategy implemented in 2002 .the recoverability of its remaining net deferred tax asset has been assessed utilizing stable state ( no growth ) projections based on its current operations .the projections show a significant decrease in depreciation and interest expense in the later years of the carryforward period as a result of a significant portion of its assets being fully depreciated during the first fifteen years of the carryforward period and debt repayments reducing interest expense .accordingly , the recoverability of the net deferred tax asset is not dependent on material improvements to operations , material asset sales or other non-routine transactions .based on its current outlook of future taxable income during the carryforward period , management believes that the net deferred tax asset will be realized .the realization of the company 2019s deferred tax assets will be dependent upon its ability to generate approximately $ 1.0 billion in taxable income from january 1 , 2004 to december 31 , 2023 .if the company is unable to generate sufficient taxable income in the future , or carry back losses as described above , it will be required to reduce its net deferred tax asset through a charge to income tax expense , which would result in a corresponding decrease in stockholders 2019 equity .depending on the resolution of the verestar bankruptcy proceedings described in note 2 , the company may be entitled to a worthless stock or bad debt deduction for its investment in verestar .no income tax benefit has been provided for these potential deductions due to the uncertainty surrounding the bankruptcy proceedings .13 .stockholders 2019 equity preferred stock as of december 31 , 2003 the company was authorized to issue up to 20.0 million shares of $ .01 par value preferred stock .as of december 31 , 2003 and 2002 there were no preferred shares issued or outstanding. .
Question: what is the amount of the state operating loss carryforwards that expires between 2004 and 2008?
| convfinqa2203 |
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) basis step-up from corporate restructuring represents the tax effects of increasing the basis for tax purposes of certain of the company 2019s assets in conjunction with its spin-off from american radio systems corporation , its former parent company .at december 31 , 2003 , the company had net federal and state operating loss carryforwards available to reduce future taxable income of approximately $ 0.9 billion and $ 1.5 billion , respectively .if not utilized , the company 2019s net operating loss carryforwards expire as follows ( in thousands ) : . years ended december 31, | federal | state
2004 to 2008 | $ 1451 | $ 483578
2009 to 2013 | 12234 | 66666
2014 to 2018 | 10191 | 235589
2019 to 2023 | 903010 | 728139
total | $ 926886 | $ 1513972 sfas no .109 , 201caccounting for income taxes , 201d requires that companies record a valuation allowance when it is 201cmore likely than not that some portion or all of the deferred tax assets will not be realized . 201d at december 31 , 2003 , the company has provided a valuation allowance of approximately $ 156.7 million , primarily related to net state deferred tax assets , capital loss carryforwards and the lost tax benefit and costs associated with our tax refund claims .the company has not provided a valuation allowance for the remaining net deferred tax assets , primarily its tax refund claims and federal net operating loss carryforwards , as management believes the company will be successful with its tax refund claims and have sufficient time to realize these federal net operating loss carryforwards during the twenty-year tax carryforward period .the company intends to recover a portion of its deferred tax asset through its tax refund claims , related to certain federal net operating losses , filed during 2003 as part of a tax planning strategy implemented in 2002 .the recoverability of its remaining net deferred tax asset has been assessed utilizing stable state ( no growth ) projections based on its current operations .the projections show a significant decrease in depreciation and interest expense in the later years of the carryforward period as a result of a significant portion of its assets being fully depreciated during the first fifteen years of the carryforward period and debt repayments reducing interest expense .accordingly , the recoverability of the net deferred tax asset is not dependent on material improvements to operations , material asset sales or other non-routine transactions .based on its current outlook of future taxable income during the carryforward period , management believes that the net deferred tax asset will be realized .the realization of the company 2019s deferred tax assets will be dependent upon its ability to generate approximately $ 1.0 billion in taxable income from january 1 , 2004 to december 31 , 2023 .if the company is unable to generate sufficient taxable income in the future , or carry back losses as described above , it will be required to reduce its net deferred tax asset through a charge to income tax expense , which would result in a corresponding decrease in stockholders 2019 equity .depending on the resolution of the verestar bankruptcy proceedings described in note 2 , the company may be entitled to a worthless stock or bad debt deduction for its investment in verestar .no income tax benefit has been provided for these potential deductions due to the uncertainty surrounding the bankruptcy proceedings .13 .stockholders 2019 equity preferred stock as of december 31 , 2003 the company was authorized to issue up to 20.0 million shares of $ .01 par value preferred stock .as of december 31 , 2003 and 2002 there were no preferred shares issued or outstanding. .
Question: what is the amount of the state operating loss carryforwards that expires between 2004 and 2008?
Steps: Ask for number 483578
Answer: 483578.0
Question: and what is the total of that state operating loss carryforwards?
| 1513972.0 | 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.
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) basis step-up from corporate restructuring represents the tax effects of increasing the basis for tax purposes of certain of the company 2019s assets in conjunction with its spin-off from american radio systems corporation , its former parent company .at december 31 , 2003 , the company had net federal and state operating loss carryforwards available to reduce future taxable income of approximately $ 0.9 billion and $ 1.5 billion , respectively .if not utilized , the company 2019s net operating loss carryforwards expire as follows ( in thousands ) : . years ended december 31, | federal | state
2004 to 2008 | $ 1451 | $ 483578
2009 to 2013 | 12234 | 66666
2014 to 2018 | 10191 | 235589
2019 to 2023 | 903010 | 728139
total | $ 926886 | $ 1513972 sfas no .109 , 201caccounting for income taxes , 201d requires that companies record a valuation allowance when it is 201cmore likely than not that some portion or all of the deferred tax assets will not be realized . 201d at december 31 , 2003 , the company has provided a valuation allowance of approximately $ 156.7 million , primarily related to net state deferred tax assets , capital loss carryforwards and the lost tax benefit and costs associated with our tax refund claims .the company has not provided a valuation allowance for the remaining net deferred tax assets , primarily its tax refund claims and federal net operating loss carryforwards , as management believes the company will be successful with its tax refund claims and have sufficient time to realize these federal net operating loss carryforwards during the twenty-year tax carryforward period .the company intends to recover a portion of its deferred tax asset through its tax refund claims , related to certain federal net operating losses , filed during 2003 as part of a tax planning strategy implemented in 2002 .the recoverability of its remaining net deferred tax asset has been assessed utilizing stable state ( no growth ) projections based on its current operations .the projections show a significant decrease in depreciation and interest expense in the later years of the carryforward period as a result of a significant portion of its assets being fully depreciated during the first fifteen years of the carryforward period and debt repayments reducing interest expense .accordingly , the recoverability of the net deferred tax asset is not dependent on material improvements to operations , material asset sales or other non-routine transactions .based on its current outlook of future taxable income during the carryforward period , management believes that the net deferred tax asset will be realized .the realization of the company 2019s deferred tax assets will be dependent upon its ability to generate approximately $ 1.0 billion in taxable income from january 1 , 2004 to december 31 , 2023 .if the company is unable to generate sufficient taxable income in the future , or carry back losses as described above , it will be required to reduce its net deferred tax asset through a charge to income tax expense , which would result in a corresponding decrease in stockholders 2019 equity .depending on the resolution of the verestar bankruptcy proceedings described in note 2 , the company may be entitled to a worthless stock or bad debt deduction for its investment in verestar .no income tax benefit has been provided for these potential deductions due to the uncertainty surrounding the bankruptcy proceedings .13 .stockholders 2019 equity preferred stock as of december 31 , 2003 the company was authorized to issue up to 20.0 million shares of $ .01 par value preferred stock .as of december 31 , 2003 and 2002 there were no preferred shares issued or outstanding. .
Question: what is the amount of the state operating loss carryforwards that expires between 2004 and 2008?
Steps: Ask for number 483578
Answer: 483578.0
Question: and what is the total of that state operating loss carryforwards?
| convfinqa2204 |
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) basis step-up from corporate restructuring represents the tax effects of increasing the basis for tax purposes of certain of the company 2019s assets in conjunction with its spin-off from american radio systems corporation , its former parent company .at december 31 , 2003 , the company had net federal and state operating loss carryforwards available to reduce future taxable income of approximately $ 0.9 billion and $ 1.5 billion , respectively .if not utilized , the company 2019s net operating loss carryforwards expire as follows ( in thousands ) : . years ended december 31, | federal | state
2004 to 2008 | $ 1451 | $ 483578
2009 to 2013 | 12234 | 66666
2014 to 2018 | 10191 | 235589
2019 to 2023 | 903010 | 728139
total | $ 926886 | $ 1513972 sfas no .109 , 201caccounting for income taxes , 201d requires that companies record a valuation allowance when it is 201cmore likely than not that some portion or all of the deferred tax assets will not be realized . 201d at december 31 , 2003 , the company has provided a valuation allowance of approximately $ 156.7 million , primarily related to net state deferred tax assets , capital loss carryforwards and the lost tax benefit and costs associated with our tax refund claims .the company has not provided a valuation allowance for the remaining net deferred tax assets , primarily its tax refund claims and federal net operating loss carryforwards , as management believes the company will be successful with its tax refund claims and have sufficient time to realize these federal net operating loss carryforwards during the twenty-year tax carryforward period .the company intends to recover a portion of its deferred tax asset through its tax refund claims , related to certain federal net operating losses , filed during 2003 as part of a tax planning strategy implemented in 2002 .the recoverability of its remaining net deferred tax asset has been assessed utilizing stable state ( no growth ) projections based on its current operations .the projections show a significant decrease in depreciation and interest expense in the later years of the carryforward period as a result of a significant portion of its assets being fully depreciated during the first fifteen years of the carryforward period and debt repayments reducing interest expense .accordingly , the recoverability of the net deferred tax asset is not dependent on material improvements to operations , material asset sales or other non-routine transactions .based on its current outlook of future taxable income during the carryforward period , management believes that the net deferred tax asset will be realized .the realization of the company 2019s deferred tax assets will be dependent upon its ability to generate approximately $ 1.0 billion in taxable income from january 1 , 2004 to december 31 , 2023 .if the company is unable to generate sufficient taxable income in the future , or carry back losses as described above , it will be required to reduce its net deferred tax asset through a charge to income tax expense , which would result in a corresponding decrease in stockholders 2019 equity .depending on the resolution of the verestar bankruptcy proceedings described in note 2 , the company may be entitled to a worthless stock or bad debt deduction for its investment in verestar .no income tax benefit has been provided for these potential deductions due to the uncertainty surrounding the bankruptcy proceedings .13 .stockholders 2019 equity preferred stock as of december 31 , 2003 the company was authorized to issue up to 20.0 million shares of $ .01 par value preferred stock .as of december 31 , 2003 and 2002 there were no preferred shares issued or outstanding. .
Question: what is the amount of the state operating loss carryforwards that expires between 2004 and 2008?
Steps: Ask for number 483578
Answer: 483578.0
Question: and what is the total of that state operating loss carryforwards?
Steps: Ask for number 1513972
Answer: 1513972.0
Question: what is, then, that amount as a portion of this total?
| 0.31941 | 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.
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) basis step-up from corporate restructuring represents the tax effects of increasing the basis for tax purposes of certain of the company 2019s assets in conjunction with its spin-off from american radio systems corporation , its former parent company .at december 31 , 2003 , the company had net federal and state operating loss carryforwards available to reduce future taxable income of approximately $ 0.9 billion and $ 1.5 billion , respectively .if not utilized , the company 2019s net operating loss carryforwards expire as follows ( in thousands ) : . years ended december 31, | federal | state
2004 to 2008 | $ 1451 | $ 483578
2009 to 2013 | 12234 | 66666
2014 to 2018 | 10191 | 235589
2019 to 2023 | 903010 | 728139
total | $ 926886 | $ 1513972 sfas no .109 , 201caccounting for income taxes , 201d requires that companies record a valuation allowance when it is 201cmore likely than not that some portion or all of the deferred tax assets will not be realized . 201d at december 31 , 2003 , the company has provided a valuation allowance of approximately $ 156.7 million , primarily related to net state deferred tax assets , capital loss carryforwards and the lost tax benefit and costs associated with our tax refund claims .the company has not provided a valuation allowance for the remaining net deferred tax assets , primarily its tax refund claims and federal net operating loss carryforwards , as management believes the company will be successful with its tax refund claims and have sufficient time to realize these federal net operating loss carryforwards during the twenty-year tax carryforward period .the company intends to recover a portion of its deferred tax asset through its tax refund claims , related to certain federal net operating losses , filed during 2003 as part of a tax planning strategy implemented in 2002 .the recoverability of its remaining net deferred tax asset has been assessed utilizing stable state ( no growth ) projections based on its current operations .the projections show a significant decrease in depreciation and interest expense in the later years of the carryforward period as a result of a significant portion of its assets being fully depreciated during the first fifteen years of the carryforward period and debt repayments reducing interest expense .accordingly , the recoverability of the net deferred tax asset is not dependent on material improvements to operations , material asset sales or other non-routine transactions .based on its current outlook of future taxable income during the carryforward period , management believes that the net deferred tax asset will be realized .the realization of the company 2019s deferred tax assets will be dependent upon its ability to generate approximately $ 1.0 billion in taxable income from january 1 , 2004 to december 31 , 2023 .if the company is unable to generate sufficient taxable income in the future , or carry back losses as described above , it will be required to reduce its net deferred tax asset through a charge to income tax expense , which would result in a corresponding decrease in stockholders 2019 equity .depending on the resolution of the verestar bankruptcy proceedings described in note 2 , the company may be entitled to a worthless stock or bad debt deduction for its investment in verestar .no income tax benefit has been provided for these potential deductions due to the uncertainty surrounding the bankruptcy proceedings .13 .stockholders 2019 equity preferred stock as of december 31 , 2003 the company was authorized to issue up to 20.0 million shares of $ .01 par value preferred stock .as of december 31 , 2003 and 2002 there were no preferred shares issued or outstanding. .
Question: what is the amount of the state operating loss carryforwards that expires between 2004 and 2008?
Steps: Ask for number 483578
Answer: 483578.0
Question: and what is the total of that state operating loss carryforwards?
Steps: Ask for number 1513972
Answer: 1513972.0
Question: what is, then, that amount as a portion of this total?
| convfinqa2205 |
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) basis step-up from corporate restructuring represents the tax effects of increasing the basis for tax purposes of certain of the company 2019s assets in conjunction with its spin-off from american radio systems corporation , its former parent company .at december 31 , 2003 , the company had net federal and state operating loss carryforwards available to reduce future taxable income of approximately $ 0.9 billion and $ 1.5 billion , respectively .if not utilized , the company 2019s net operating loss carryforwards expire as follows ( in thousands ) : . years ended december 31, | federal | state
2004 to 2008 | $ 1451 | $ 483578
2009 to 2013 | 12234 | 66666
2014 to 2018 | 10191 | 235589
2019 to 2023 | 903010 | 728139
total | $ 926886 | $ 1513972 sfas no .109 , 201caccounting for income taxes , 201d requires that companies record a valuation allowance when it is 201cmore likely than not that some portion or all of the deferred tax assets will not be realized . 201d at december 31 , 2003 , the company has provided a valuation allowance of approximately $ 156.7 million , primarily related to net state deferred tax assets , capital loss carryforwards and the lost tax benefit and costs associated with our tax refund claims .the company has not provided a valuation allowance for the remaining net deferred tax assets , primarily its tax refund claims and federal net operating loss carryforwards , as management believes the company will be successful with its tax refund claims and have sufficient time to realize these federal net operating loss carryforwards during the twenty-year tax carryforward period .the company intends to recover a portion of its deferred tax asset through its tax refund claims , related to certain federal net operating losses , filed during 2003 as part of a tax planning strategy implemented in 2002 .the recoverability of its remaining net deferred tax asset has been assessed utilizing stable state ( no growth ) projections based on its current operations .the projections show a significant decrease in depreciation and interest expense in the later years of the carryforward period as a result of a significant portion of its assets being fully depreciated during the first fifteen years of the carryforward period and debt repayments reducing interest expense .accordingly , the recoverability of the net deferred tax asset is not dependent on material improvements to operations , material asset sales or other non-routine transactions .based on its current outlook of future taxable income during the carryforward period , management believes that the net deferred tax asset will be realized .the realization of the company 2019s deferred tax assets will be dependent upon its ability to generate approximately $ 1.0 billion in taxable income from january 1 , 2004 to december 31 , 2023 .if the company is unable to generate sufficient taxable income in the future , or carry back losses as described above , it will be required to reduce its net deferred tax asset through a charge to income tax expense , which would result in a corresponding decrease in stockholders 2019 equity .depending on the resolution of the verestar bankruptcy proceedings described in note 2 , the company may be entitled to a worthless stock or bad debt deduction for its investment in verestar .no income tax benefit has been provided for these potential deductions due to the uncertainty surrounding the bankruptcy proceedings .13 .stockholders 2019 equity preferred stock as of december 31 , 2003 the company was authorized to issue up to 20.0 million shares of $ .01 par value preferred stock .as of december 31 , 2003 and 2002 there were no preferred shares issued or outstanding. .
Question: what is the amount of the state operating loss carryforwards that expires between 2004 and 2008?
Steps: Ask for number 483578
Answer: 483578.0
Question: and what is the total of that state operating loss carryforwards?
Steps: Ask for number 1513972
Answer: 1513972.0
Question: what is, then, that amount as a portion of this total?
Steps: divide(483578, 1513972)
Answer: 0.31941
Question: and in 2003, how much did the net federal operating loss carryforwards represent in relation to that state one?
| 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.
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) basis step-up from corporate restructuring represents the tax effects of increasing the basis for tax purposes of certain of the company 2019s assets in conjunction with its spin-off from american radio systems corporation , its former parent company .at december 31 , 2003 , the company had net federal and state operating loss carryforwards available to reduce future taxable income of approximately $ 0.9 billion and $ 1.5 billion , respectively .if not utilized , the company 2019s net operating loss carryforwards expire as follows ( in thousands ) : . years ended december 31, | federal | state
2004 to 2008 | $ 1451 | $ 483578
2009 to 2013 | 12234 | 66666
2014 to 2018 | 10191 | 235589
2019 to 2023 | 903010 | 728139
total | $ 926886 | $ 1513972 sfas no .109 , 201caccounting for income taxes , 201d requires that companies record a valuation allowance when it is 201cmore likely than not that some portion or all of the deferred tax assets will not be realized . 201d at december 31 , 2003 , the company has provided a valuation allowance of approximately $ 156.7 million , primarily related to net state deferred tax assets , capital loss carryforwards and the lost tax benefit and costs associated with our tax refund claims .the company has not provided a valuation allowance for the remaining net deferred tax assets , primarily its tax refund claims and federal net operating loss carryforwards , as management believes the company will be successful with its tax refund claims and have sufficient time to realize these federal net operating loss carryforwards during the twenty-year tax carryforward period .the company intends to recover a portion of its deferred tax asset through its tax refund claims , related to certain federal net operating losses , filed during 2003 as part of a tax planning strategy implemented in 2002 .the recoverability of its remaining net deferred tax asset has been assessed utilizing stable state ( no growth ) projections based on its current operations .the projections show a significant decrease in depreciation and interest expense in the later years of the carryforward period as a result of a significant portion of its assets being fully depreciated during the first fifteen years of the carryforward period and debt repayments reducing interest expense .accordingly , the recoverability of the net deferred tax asset is not dependent on material improvements to operations , material asset sales or other non-routine transactions .based on its current outlook of future taxable income during the carryforward period , management believes that the net deferred tax asset will be realized .the realization of the company 2019s deferred tax assets will be dependent upon its ability to generate approximately $ 1.0 billion in taxable income from january 1 , 2004 to december 31 , 2023 .if the company is unable to generate sufficient taxable income in the future , or carry back losses as described above , it will be required to reduce its net deferred tax asset through a charge to income tax expense , which would result in a corresponding decrease in stockholders 2019 equity .depending on the resolution of the verestar bankruptcy proceedings described in note 2 , the company may be entitled to a worthless stock or bad debt deduction for its investment in verestar .no income tax benefit has been provided for these potential deductions due to the uncertainty surrounding the bankruptcy proceedings .13 .stockholders 2019 equity preferred stock as of december 31 , 2003 the company was authorized to issue up to 20.0 million shares of $ .01 par value preferred stock .as of december 31 , 2003 and 2002 there were no preferred shares issued or outstanding. .
Question: what is the amount of the state operating loss carryforwards that expires between 2004 and 2008?
Steps: Ask for number 483578
Answer: 483578.0
Question: and what is the total of that state operating loss carryforwards?
Steps: Ask for number 1513972
Answer: 1513972.0
Question: what is, then, that amount as a portion of this total?
Steps: divide(483578, 1513972)
Answer: 0.31941
Question: and in 2003, how much did the net federal operating loss carryforwards represent in relation to that state one?
| convfinqa2206 |
the redemptions resulted in an early extinguishment charge of $ 5 million .on march 22 , 2010 , we redeemed $ 175 million of our 6.5% ( 6.5 % ) notes due april 15 , 2012 .the redemption resulted in an early extinguishment charge of $ 16 million in the first quarter of 2010 .on november 1 , 2010 , we redeemed all $ 400 million of our outstanding 6.65% ( 6.65 % ) notes due january 15 , 2011 .the redemption resulted in a $ 5 million early extinguishment charge .receivables securitization facility 2013 as of december 31 , 2011 and 2010 , we have recorded $ 100 million as secured debt under our receivables securitization facility .( see further discussion of our receivables securitization facility in note 10 ) .15 .variable interest entities we have entered into various lease transactions in which the structure of the leases contain variable interest entities ( vies ) .these vies were created solely for the purpose of doing lease transactions ( principally involving railroad equipment and facilities , including our headquarters building ) and have no other activities , assets or liabilities outside of the lease transactions .within these lease arrangements , we have the right to purchase some or all of the assets at fixed prices .depending on market conditions , fixed-price purchase options available in the leases could potentially provide benefits to us ; however , these benefits are not expected to be significant .we maintain and operate the assets based on contractual obligations within the lease arrangements , which set specific guidelines consistent within the railroad industry .as such , we have no control over activities that could materially impact the fair value of the leased assets .we do not hold the power to direct the activities of the vies and , therefore , do not control the ongoing activities that have a significant impact on the economic performance of the vies .additionally , we do not have the obligation to absorb losses of the vies or the right to receive benefits of the vies that could potentially be significant to the we are not considered to be the primary beneficiary and do not consolidate these vies because our actions and decisions do not have the most significant effect on the vie 2019s performance and our fixed-price purchase price options are not considered to be potentially significant to the vie 2019s .the future minimum lease payments associated with the vie leases totaled $ 3.9 billion as of december 31 , 2011 .16 .leases we lease certain locomotives , freight cars , and other property .the consolidated statement of financial position as of december 31 , 2011 and 2010 included $ 2458 million , net of $ 915 million of accumulated depreciation , and $ 2520 million , net of $ 901 million of accumulated depreciation , respectively , for properties held under capital leases .a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income .future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2011 , were as follows : millions operating leases capital leases . millions | operatingleases | capitalleases
2012 | $ 525 | $ 297
2013 | 489 | 269
2014 | 415 | 276
2015 | 372 | 276
2016 | 347 | 262
later years | 2380 | 1179
total minimum leasepayments | $ 4528 | $ 2559
amount representing interest | n/a | -685 ( 685 )
present value of minimum leasepayments | n/a | $ 1874 the majority of capital lease payments relate to locomotives .rent expense for operating leases with terms exceeding one month was $ 637 million in 2011 , $ 624 million in 2010 , and $ 686 million in 2009 .when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term .contingent rentals and sub-rentals are not significant. .
Question: what was the principal amount of the 6.5% notes redeemed?
| 175.0 | 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 redemptions resulted in an early extinguishment charge of $ 5 million .on march 22 , 2010 , we redeemed $ 175 million of our 6.5% ( 6.5 % ) notes due april 15 , 2012 .the redemption resulted in an early extinguishment charge of $ 16 million in the first quarter of 2010 .on november 1 , 2010 , we redeemed all $ 400 million of our outstanding 6.65% ( 6.65 % ) notes due january 15 , 2011 .the redemption resulted in a $ 5 million early extinguishment charge .receivables securitization facility 2013 as of december 31 , 2011 and 2010 , we have recorded $ 100 million as secured debt under our receivables securitization facility .( see further discussion of our receivables securitization facility in note 10 ) .15 .variable interest entities we have entered into various lease transactions in which the structure of the leases contain variable interest entities ( vies ) .these vies were created solely for the purpose of doing lease transactions ( principally involving railroad equipment and facilities , including our headquarters building ) and have no other activities , assets or liabilities outside of the lease transactions .within these lease arrangements , we have the right to purchase some or all of the assets at fixed prices .depending on market conditions , fixed-price purchase options available in the leases could potentially provide benefits to us ; however , these benefits are not expected to be significant .we maintain and operate the assets based on contractual obligations within the lease arrangements , which set specific guidelines consistent within the railroad industry .as such , we have no control over activities that could materially impact the fair value of the leased assets .we do not hold the power to direct the activities of the vies and , therefore , do not control the ongoing activities that have a significant impact on the economic performance of the vies .additionally , we do not have the obligation to absorb losses of the vies or the right to receive benefits of the vies that could potentially be significant to the we are not considered to be the primary beneficiary and do not consolidate these vies because our actions and decisions do not have the most significant effect on the vie 2019s performance and our fixed-price purchase price options are not considered to be potentially significant to the vie 2019s .the future minimum lease payments associated with the vie leases totaled $ 3.9 billion as of december 31 , 2011 .16 .leases we lease certain locomotives , freight cars , and other property .the consolidated statement of financial position as of december 31 , 2011 and 2010 included $ 2458 million , net of $ 915 million of accumulated depreciation , and $ 2520 million , net of $ 901 million of accumulated depreciation , respectively , for properties held under capital leases .a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income .future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2011 , were as follows : millions operating leases capital leases . millions | operatingleases | capitalleases
2012 | $ 525 | $ 297
2013 | 489 | 269
2014 | 415 | 276
2015 | 372 | 276
2016 | 347 | 262
later years | 2380 | 1179
total minimum leasepayments | $ 4528 | $ 2559
amount representing interest | n/a | -685 ( 685 )
present value of minimum leasepayments | n/a | $ 1874 the majority of capital lease payments relate to locomotives .rent expense for operating leases with terms exceeding one month was $ 637 million in 2011 , $ 624 million in 2010 , and $ 686 million in 2009 .when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term .contingent rentals and sub-rentals are not significant. .
Question: what was the principal amount of the 6.5% notes redeemed?
| convfinqa2207 |
the redemptions resulted in an early extinguishment charge of $ 5 million .on march 22 , 2010 , we redeemed $ 175 million of our 6.5% ( 6.5 % ) notes due april 15 , 2012 .the redemption resulted in an early extinguishment charge of $ 16 million in the first quarter of 2010 .on november 1 , 2010 , we redeemed all $ 400 million of our outstanding 6.65% ( 6.65 % ) notes due january 15 , 2011 .the redemption resulted in a $ 5 million early extinguishment charge .receivables securitization facility 2013 as of december 31 , 2011 and 2010 , we have recorded $ 100 million as secured debt under our receivables securitization facility .( see further discussion of our receivables securitization facility in note 10 ) .15 .variable interest entities we have entered into various lease transactions in which the structure of the leases contain variable interest entities ( vies ) .these vies were created solely for the purpose of doing lease transactions ( principally involving railroad equipment and facilities , including our headquarters building ) and have no other activities , assets or liabilities outside of the lease transactions .within these lease arrangements , we have the right to purchase some or all of the assets at fixed prices .depending on market conditions , fixed-price purchase options available in the leases could potentially provide benefits to us ; however , these benefits are not expected to be significant .we maintain and operate the assets based on contractual obligations within the lease arrangements , which set specific guidelines consistent within the railroad industry .as such , we have no control over activities that could materially impact the fair value of the leased assets .we do not hold the power to direct the activities of the vies and , therefore , do not control the ongoing activities that have a significant impact on the economic performance of the vies .additionally , we do not have the obligation to absorb losses of the vies or the right to receive benefits of the vies that could potentially be significant to the we are not considered to be the primary beneficiary and do not consolidate these vies because our actions and decisions do not have the most significant effect on the vie 2019s performance and our fixed-price purchase price options are not considered to be potentially significant to the vie 2019s .the future minimum lease payments associated with the vie leases totaled $ 3.9 billion as of december 31 , 2011 .16 .leases we lease certain locomotives , freight cars , and other property .the consolidated statement of financial position as of december 31 , 2011 and 2010 included $ 2458 million , net of $ 915 million of accumulated depreciation , and $ 2520 million , net of $ 901 million of accumulated depreciation , respectively , for properties held under capital leases .a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income .future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2011 , were as follows : millions operating leases capital leases . millions | operatingleases | capitalleases
2012 | $ 525 | $ 297
2013 | 489 | 269
2014 | 415 | 276
2015 | 372 | 276
2016 | 347 | 262
later years | 2380 | 1179
total minimum leasepayments | $ 4528 | $ 2559
amount representing interest | n/a | -685 ( 685 )
present value of minimum leasepayments | n/a | $ 1874 the majority of capital lease payments relate to locomotives .rent expense for operating leases with terms exceeding one month was $ 637 million in 2011 , $ 624 million in 2010 , and $ 686 million in 2009 .when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term .contingent rentals and sub-rentals are not significant. .
Question: what was the principal amount of the 6.5% notes redeemed?
Steps: Ask for number 175
Answer: 175.0
Question: what was the interest rate on these notes?
| 0.065 | 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 redemptions resulted in an early extinguishment charge of $ 5 million .on march 22 , 2010 , we redeemed $ 175 million of our 6.5% ( 6.5 % ) notes due april 15 , 2012 .the redemption resulted in an early extinguishment charge of $ 16 million in the first quarter of 2010 .on november 1 , 2010 , we redeemed all $ 400 million of our outstanding 6.65% ( 6.65 % ) notes due january 15 , 2011 .the redemption resulted in a $ 5 million early extinguishment charge .receivables securitization facility 2013 as of december 31 , 2011 and 2010 , we have recorded $ 100 million as secured debt under our receivables securitization facility .( see further discussion of our receivables securitization facility in note 10 ) .15 .variable interest entities we have entered into various lease transactions in which the structure of the leases contain variable interest entities ( vies ) .these vies were created solely for the purpose of doing lease transactions ( principally involving railroad equipment and facilities , including our headquarters building ) and have no other activities , assets or liabilities outside of the lease transactions .within these lease arrangements , we have the right to purchase some or all of the assets at fixed prices .depending on market conditions , fixed-price purchase options available in the leases could potentially provide benefits to us ; however , these benefits are not expected to be significant .we maintain and operate the assets based on contractual obligations within the lease arrangements , which set specific guidelines consistent within the railroad industry .as such , we have no control over activities that could materially impact the fair value of the leased assets .we do not hold the power to direct the activities of the vies and , therefore , do not control the ongoing activities that have a significant impact on the economic performance of the vies .additionally , we do not have the obligation to absorb losses of the vies or the right to receive benefits of the vies that could potentially be significant to the we are not considered to be the primary beneficiary and do not consolidate these vies because our actions and decisions do not have the most significant effect on the vie 2019s performance and our fixed-price purchase price options are not considered to be potentially significant to the vie 2019s .the future minimum lease payments associated with the vie leases totaled $ 3.9 billion as of december 31 , 2011 .16 .leases we lease certain locomotives , freight cars , and other property .the consolidated statement of financial position as of december 31 , 2011 and 2010 included $ 2458 million , net of $ 915 million of accumulated depreciation , and $ 2520 million , net of $ 901 million of accumulated depreciation , respectively , for properties held under capital leases .a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income .future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2011 , were as follows : millions operating leases capital leases . millions | operatingleases | capitalleases
2012 | $ 525 | $ 297
2013 | 489 | 269
2014 | 415 | 276
2015 | 372 | 276
2016 | 347 | 262
later years | 2380 | 1179
total minimum leasepayments | $ 4528 | $ 2559
amount representing interest | n/a | -685 ( 685 )
present value of minimum leasepayments | n/a | $ 1874 the majority of capital lease payments relate to locomotives .rent expense for operating leases with terms exceeding one month was $ 637 million in 2011 , $ 624 million in 2010 , and $ 686 million in 2009 .when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term .contingent rentals and sub-rentals are not significant. .
Question: what was the principal amount of the 6.5% notes redeemed?
Steps: Ask for number 175
Answer: 175.0
Question: what was the interest rate on these notes?
| convfinqa2208 |
the redemptions resulted in an early extinguishment charge of $ 5 million .on march 22 , 2010 , we redeemed $ 175 million of our 6.5% ( 6.5 % ) notes due april 15 , 2012 .the redemption resulted in an early extinguishment charge of $ 16 million in the first quarter of 2010 .on november 1 , 2010 , we redeemed all $ 400 million of our outstanding 6.65% ( 6.65 % ) notes due january 15 , 2011 .the redemption resulted in a $ 5 million early extinguishment charge .receivables securitization facility 2013 as of december 31 , 2011 and 2010 , we have recorded $ 100 million as secured debt under our receivables securitization facility .( see further discussion of our receivables securitization facility in note 10 ) .15 .variable interest entities we have entered into various lease transactions in which the structure of the leases contain variable interest entities ( vies ) .these vies were created solely for the purpose of doing lease transactions ( principally involving railroad equipment and facilities , including our headquarters building ) and have no other activities , assets or liabilities outside of the lease transactions .within these lease arrangements , we have the right to purchase some or all of the assets at fixed prices .depending on market conditions , fixed-price purchase options available in the leases could potentially provide benefits to us ; however , these benefits are not expected to be significant .we maintain and operate the assets based on contractual obligations within the lease arrangements , which set specific guidelines consistent within the railroad industry .as such , we have no control over activities that could materially impact the fair value of the leased assets .we do not hold the power to direct the activities of the vies and , therefore , do not control the ongoing activities that have a significant impact on the economic performance of the vies .additionally , we do not have the obligation to absorb losses of the vies or the right to receive benefits of the vies that could potentially be significant to the we are not considered to be the primary beneficiary and do not consolidate these vies because our actions and decisions do not have the most significant effect on the vie 2019s performance and our fixed-price purchase price options are not considered to be potentially significant to the vie 2019s .the future minimum lease payments associated with the vie leases totaled $ 3.9 billion as of december 31 , 2011 .16 .leases we lease certain locomotives , freight cars , and other property .the consolidated statement of financial position as of december 31 , 2011 and 2010 included $ 2458 million , net of $ 915 million of accumulated depreciation , and $ 2520 million , net of $ 901 million of accumulated depreciation , respectively , for properties held under capital leases .a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income .future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2011 , were as follows : millions operating leases capital leases . millions | operatingleases | capitalleases
2012 | $ 525 | $ 297
2013 | 489 | 269
2014 | 415 | 276
2015 | 372 | 276
2016 | 347 | 262
later years | 2380 | 1179
total minimum leasepayments | $ 4528 | $ 2559
amount representing interest | n/a | -685 ( 685 )
present value of minimum leasepayments | n/a | $ 1874 the majority of capital lease payments relate to locomotives .rent expense for operating leases with terms exceeding one month was $ 637 million in 2011 , $ 624 million in 2010 , and $ 686 million in 2009 .when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term .contingent rentals and sub-rentals are not significant. .
Question: what was the principal amount of the 6.5% notes redeemed?
Steps: Ask for number 175
Answer: 175.0
Question: what was the interest rate on these notes?
Steps: Ask for number 6.5%
Answer: 0.065
Question: what is the interest amount?
| 11.375 | 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 redemptions resulted in an early extinguishment charge of $ 5 million .on march 22 , 2010 , we redeemed $ 175 million of our 6.5% ( 6.5 % ) notes due april 15 , 2012 .the redemption resulted in an early extinguishment charge of $ 16 million in the first quarter of 2010 .on november 1 , 2010 , we redeemed all $ 400 million of our outstanding 6.65% ( 6.65 % ) notes due january 15 , 2011 .the redemption resulted in a $ 5 million early extinguishment charge .receivables securitization facility 2013 as of december 31 , 2011 and 2010 , we have recorded $ 100 million as secured debt under our receivables securitization facility .( see further discussion of our receivables securitization facility in note 10 ) .15 .variable interest entities we have entered into various lease transactions in which the structure of the leases contain variable interest entities ( vies ) .these vies were created solely for the purpose of doing lease transactions ( principally involving railroad equipment and facilities , including our headquarters building ) and have no other activities , assets or liabilities outside of the lease transactions .within these lease arrangements , we have the right to purchase some or all of the assets at fixed prices .depending on market conditions , fixed-price purchase options available in the leases could potentially provide benefits to us ; however , these benefits are not expected to be significant .we maintain and operate the assets based on contractual obligations within the lease arrangements , which set specific guidelines consistent within the railroad industry .as such , we have no control over activities that could materially impact the fair value of the leased assets .we do not hold the power to direct the activities of the vies and , therefore , do not control the ongoing activities that have a significant impact on the economic performance of the vies .additionally , we do not have the obligation to absorb losses of the vies or the right to receive benefits of the vies that could potentially be significant to the we are not considered to be the primary beneficiary and do not consolidate these vies because our actions and decisions do not have the most significant effect on the vie 2019s performance and our fixed-price purchase price options are not considered to be potentially significant to the vie 2019s .the future minimum lease payments associated with the vie leases totaled $ 3.9 billion as of december 31 , 2011 .16 .leases we lease certain locomotives , freight cars , and other property .the consolidated statement of financial position as of december 31 , 2011 and 2010 included $ 2458 million , net of $ 915 million of accumulated depreciation , and $ 2520 million , net of $ 901 million of accumulated depreciation , respectively , for properties held under capital leases .a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income .future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2011 , were as follows : millions operating leases capital leases . millions | operatingleases | capitalleases
2012 | $ 525 | $ 297
2013 | 489 | 269
2014 | 415 | 276
2015 | 372 | 276
2016 | 347 | 262
later years | 2380 | 1179
total minimum leasepayments | $ 4528 | $ 2559
amount representing interest | n/a | -685 ( 685 )
present value of minimum leasepayments | n/a | $ 1874 the majority of capital lease payments relate to locomotives .rent expense for operating leases with terms exceeding one month was $ 637 million in 2011 , $ 624 million in 2010 , and $ 686 million in 2009 .when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term .contingent rentals and sub-rentals are not significant. .
Question: what was the principal amount of the 6.5% notes redeemed?
Steps: Ask for number 175
Answer: 175.0
Question: what was the interest rate on these notes?
Steps: Ask for number 6.5%
Answer: 0.065
Question: what is the interest amount?
| convfinqa2209 |
the redemptions resulted in an early extinguishment charge of $ 5 million .on march 22 , 2010 , we redeemed $ 175 million of our 6.5% ( 6.5 % ) notes due april 15 , 2012 .the redemption resulted in an early extinguishment charge of $ 16 million in the first quarter of 2010 .on november 1 , 2010 , we redeemed all $ 400 million of our outstanding 6.65% ( 6.65 % ) notes due january 15 , 2011 .the redemption resulted in a $ 5 million early extinguishment charge .receivables securitization facility 2013 as of december 31 , 2011 and 2010 , we have recorded $ 100 million as secured debt under our receivables securitization facility .( see further discussion of our receivables securitization facility in note 10 ) .15 .variable interest entities we have entered into various lease transactions in which the structure of the leases contain variable interest entities ( vies ) .these vies were created solely for the purpose of doing lease transactions ( principally involving railroad equipment and facilities , including our headquarters building ) and have no other activities , assets or liabilities outside of the lease transactions .within these lease arrangements , we have the right to purchase some or all of the assets at fixed prices .depending on market conditions , fixed-price purchase options available in the leases could potentially provide benefits to us ; however , these benefits are not expected to be significant .we maintain and operate the assets based on contractual obligations within the lease arrangements , which set specific guidelines consistent within the railroad industry .as such , we have no control over activities that could materially impact the fair value of the leased assets .we do not hold the power to direct the activities of the vies and , therefore , do not control the ongoing activities that have a significant impact on the economic performance of the vies .additionally , we do not have the obligation to absorb losses of the vies or the right to receive benefits of the vies that could potentially be significant to the we are not considered to be the primary beneficiary and do not consolidate these vies because our actions and decisions do not have the most significant effect on the vie 2019s performance and our fixed-price purchase price options are not considered to be potentially significant to the vie 2019s .the future minimum lease payments associated with the vie leases totaled $ 3.9 billion as of december 31 , 2011 .16 .leases we lease certain locomotives , freight cars , and other property .the consolidated statement of financial position as of december 31 , 2011 and 2010 included $ 2458 million , net of $ 915 million of accumulated depreciation , and $ 2520 million , net of $ 901 million of accumulated depreciation , respectively , for properties held under capital leases .a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income .future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2011 , were as follows : millions operating leases capital leases . millions | operatingleases | capitalleases
2012 | $ 525 | $ 297
2013 | 489 | 269
2014 | 415 | 276
2015 | 372 | 276
2016 | 347 | 262
later years | 2380 | 1179
total minimum leasepayments | $ 4528 | $ 2559
amount representing interest | n/a | -685 ( 685 )
present value of minimum leasepayments | n/a | $ 1874 the majority of capital lease payments relate to locomotives .rent expense for operating leases with terms exceeding one month was $ 637 million in 2011 , $ 624 million in 2010 , and $ 686 million in 2009 .when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term .contingent rentals and sub-rentals are not significant. .
Question: what was the principal amount of the 6.5% notes redeemed?
Steps: Ask for number 175
Answer: 175.0
Question: what was the interest rate on these notes?
Steps: Ask for number 6.5%
Answer: 0.065
Question: what is the interest amount?
Steps: multiply(175, 6.5%)
Answer: 11.375
Question: what was the early extinguishment charge?
| 16.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
the redemptions resulted in an early extinguishment charge of $ 5 million .on march 22 , 2010 , we redeemed $ 175 million of our 6.5% ( 6.5 % ) notes due april 15 , 2012 .the redemption resulted in an early extinguishment charge of $ 16 million in the first quarter of 2010 .on november 1 , 2010 , we redeemed all $ 400 million of our outstanding 6.65% ( 6.65 % ) notes due january 15 , 2011 .the redemption resulted in a $ 5 million early extinguishment charge .receivables securitization facility 2013 as of december 31 , 2011 and 2010 , we have recorded $ 100 million as secured debt under our receivables securitization facility .( see further discussion of our receivables securitization facility in note 10 ) .15 .variable interest entities we have entered into various lease transactions in which the structure of the leases contain variable interest entities ( vies ) .these vies were created solely for the purpose of doing lease transactions ( principally involving railroad equipment and facilities , including our headquarters building ) and have no other activities , assets or liabilities outside of the lease transactions .within these lease arrangements , we have the right to purchase some or all of the assets at fixed prices .depending on market conditions , fixed-price purchase options available in the leases could potentially provide benefits to us ; however , these benefits are not expected to be significant .we maintain and operate the assets based on contractual obligations within the lease arrangements , which set specific guidelines consistent within the railroad industry .as such , we have no control over activities that could materially impact the fair value of the leased assets .we do not hold the power to direct the activities of the vies and , therefore , do not control the ongoing activities that have a significant impact on the economic performance of the vies .additionally , we do not have the obligation to absorb losses of the vies or the right to receive benefits of the vies that could potentially be significant to the we are not considered to be the primary beneficiary and do not consolidate these vies because our actions and decisions do not have the most significant effect on the vie 2019s performance and our fixed-price purchase price options are not considered to be potentially significant to the vie 2019s .the future minimum lease payments associated with the vie leases totaled $ 3.9 billion as of december 31 , 2011 .16 .leases we lease certain locomotives , freight cars , and other property .the consolidated statement of financial position as of december 31 , 2011 and 2010 included $ 2458 million , net of $ 915 million of accumulated depreciation , and $ 2520 million , net of $ 901 million of accumulated depreciation , respectively , for properties held under capital leases .a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income .future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2011 , were as follows : millions operating leases capital leases . millions | operatingleases | capitalleases
2012 | $ 525 | $ 297
2013 | 489 | 269
2014 | 415 | 276
2015 | 372 | 276
2016 | 347 | 262
later years | 2380 | 1179
total minimum leasepayments | $ 4528 | $ 2559
amount representing interest | n/a | -685 ( 685 )
present value of minimum leasepayments | n/a | $ 1874 the majority of capital lease payments relate to locomotives .rent expense for operating leases with terms exceeding one month was $ 637 million in 2011 , $ 624 million in 2010 , and $ 686 million in 2009 .when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term .contingent rentals and sub-rentals are not significant. .
Question: what was the principal amount of the 6.5% notes redeemed?
Steps: Ask for number 175
Answer: 175.0
Question: what was the interest rate on these notes?
Steps: Ask for number 6.5%
Answer: 0.065
Question: what is the interest amount?
Steps: multiply(175, 6.5%)
Answer: 11.375
Question: what was the early extinguishment charge?
| convfinqa2210 |
the redemptions resulted in an early extinguishment charge of $ 5 million .on march 22 , 2010 , we redeemed $ 175 million of our 6.5% ( 6.5 % ) notes due april 15 , 2012 .the redemption resulted in an early extinguishment charge of $ 16 million in the first quarter of 2010 .on november 1 , 2010 , we redeemed all $ 400 million of our outstanding 6.65% ( 6.65 % ) notes due january 15 , 2011 .the redemption resulted in a $ 5 million early extinguishment charge .receivables securitization facility 2013 as of december 31 , 2011 and 2010 , we have recorded $ 100 million as secured debt under our receivables securitization facility .( see further discussion of our receivables securitization facility in note 10 ) .15 .variable interest entities we have entered into various lease transactions in which the structure of the leases contain variable interest entities ( vies ) .these vies were created solely for the purpose of doing lease transactions ( principally involving railroad equipment and facilities , including our headquarters building ) and have no other activities , assets or liabilities outside of the lease transactions .within these lease arrangements , we have the right to purchase some or all of the assets at fixed prices .depending on market conditions , fixed-price purchase options available in the leases could potentially provide benefits to us ; however , these benefits are not expected to be significant .we maintain and operate the assets based on contractual obligations within the lease arrangements , which set specific guidelines consistent within the railroad industry .as such , we have no control over activities that could materially impact the fair value of the leased assets .we do not hold the power to direct the activities of the vies and , therefore , do not control the ongoing activities that have a significant impact on the economic performance of the vies .additionally , we do not have the obligation to absorb losses of the vies or the right to receive benefits of the vies that could potentially be significant to the we are not considered to be the primary beneficiary and do not consolidate these vies because our actions and decisions do not have the most significant effect on the vie 2019s performance and our fixed-price purchase price options are not considered to be potentially significant to the vie 2019s .the future minimum lease payments associated with the vie leases totaled $ 3.9 billion as of december 31 , 2011 .16 .leases we lease certain locomotives , freight cars , and other property .the consolidated statement of financial position as of december 31 , 2011 and 2010 included $ 2458 million , net of $ 915 million of accumulated depreciation , and $ 2520 million , net of $ 901 million of accumulated depreciation , respectively , for properties held under capital leases .a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income .future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2011 , were as follows : millions operating leases capital leases . millions | operatingleases | capitalleases
2012 | $ 525 | $ 297
2013 | 489 | 269
2014 | 415 | 276
2015 | 372 | 276
2016 | 347 | 262
later years | 2380 | 1179
total minimum leasepayments | $ 4528 | $ 2559
amount representing interest | n/a | -685 ( 685 )
present value of minimum leasepayments | n/a | $ 1874 the majority of capital lease payments relate to locomotives .rent expense for operating leases with terms exceeding one month was $ 637 million in 2011 , $ 624 million in 2010 , and $ 686 million in 2009 .when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term .contingent rentals and sub-rentals are not significant. .
Question: what was the principal amount of the 6.5% notes redeemed?
Steps: Ask for number 175
Answer: 175.0
Question: what was the interest rate on these notes?
Steps: Ask for number 6.5%
Answer: 0.065
Question: what is the interest amount?
Steps: multiply(175, 6.5%)
Answer: 11.375
Question: what was the early extinguishment charge?
Steps: Ask for number 16
Answer: 16.0
Question: was the interest larger than the extinguishment charge?
| no | 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 redemptions resulted in an early extinguishment charge of $ 5 million .on march 22 , 2010 , we redeemed $ 175 million of our 6.5% ( 6.5 % ) notes due april 15 , 2012 .the redemption resulted in an early extinguishment charge of $ 16 million in the first quarter of 2010 .on november 1 , 2010 , we redeemed all $ 400 million of our outstanding 6.65% ( 6.65 % ) notes due january 15 , 2011 .the redemption resulted in a $ 5 million early extinguishment charge .receivables securitization facility 2013 as of december 31 , 2011 and 2010 , we have recorded $ 100 million as secured debt under our receivables securitization facility .( see further discussion of our receivables securitization facility in note 10 ) .15 .variable interest entities we have entered into various lease transactions in which the structure of the leases contain variable interest entities ( vies ) .these vies were created solely for the purpose of doing lease transactions ( principally involving railroad equipment and facilities , including our headquarters building ) and have no other activities , assets or liabilities outside of the lease transactions .within these lease arrangements , we have the right to purchase some or all of the assets at fixed prices .depending on market conditions , fixed-price purchase options available in the leases could potentially provide benefits to us ; however , these benefits are not expected to be significant .we maintain and operate the assets based on contractual obligations within the lease arrangements , which set specific guidelines consistent within the railroad industry .as such , we have no control over activities that could materially impact the fair value of the leased assets .we do not hold the power to direct the activities of the vies and , therefore , do not control the ongoing activities that have a significant impact on the economic performance of the vies .additionally , we do not have the obligation to absorb losses of the vies or the right to receive benefits of the vies that could potentially be significant to the we are not considered to be the primary beneficiary and do not consolidate these vies because our actions and decisions do not have the most significant effect on the vie 2019s performance and our fixed-price purchase price options are not considered to be potentially significant to the vie 2019s .the future minimum lease payments associated with the vie leases totaled $ 3.9 billion as of december 31 , 2011 .16 .leases we lease certain locomotives , freight cars , and other property .the consolidated statement of financial position as of december 31 , 2011 and 2010 included $ 2458 million , net of $ 915 million of accumulated depreciation , and $ 2520 million , net of $ 901 million of accumulated depreciation , respectively , for properties held under capital leases .a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income .future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2011 , were as follows : millions operating leases capital leases . millions | operatingleases | capitalleases
2012 | $ 525 | $ 297
2013 | 489 | 269
2014 | 415 | 276
2015 | 372 | 276
2016 | 347 | 262
later years | 2380 | 1179
total minimum leasepayments | $ 4528 | $ 2559
amount representing interest | n/a | -685 ( 685 )
present value of minimum leasepayments | n/a | $ 1874 the majority of capital lease payments relate to locomotives .rent expense for operating leases with terms exceeding one month was $ 637 million in 2011 , $ 624 million in 2010 , and $ 686 million in 2009 .when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term .contingent rentals and sub-rentals are not significant. .
Question: what was the principal amount of the 6.5% notes redeemed?
Steps: Ask for number 175
Answer: 175.0
Question: what was the interest rate on these notes?
Steps: Ask for number 6.5%
Answer: 0.065
Question: what is the interest amount?
Steps: multiply(175, 6.5%)
Answer: 11.375
Question: what was the early extinguishment charge?
Steps: Ask for number 16
Answer: 16.0
Question: was the interest larger than the extinguishment charge?
| convfinqa2211 |
13 .rentals and leases the company leases sales and administrative office facilities , distribution centers , research and manufacturing facilities , as well as vehicles and other equipment under operating leases .total rental expense under the company 2019s operating leases was $ 239 million in 2017 and $ 221 million in both 2016 and 2015 .as of december 31 , 2017 , identifiable future minimum payments with non-cancelable terms in excess of one year were : ( millions ) . 2018 | $ 131
2019 | 115
2020 | 96
2021 | 86
2022 | 74
thereafter | 115
total | $ 617 the company enters into operating leases for vehicles whose non-cancelable terms are one year or less in duration with month-to-month renewal options .these leases have been excluded from the table above .the company estimates payments under such leases will approximate $ 62 million in 2018 .these vehicle leases have guaranteed residual values that have historically been satisfied by the proceeds on the sale of the vehicles .14 .research and development expenditures research expenditures that relate to the development of new products and processes , including significant improvements and refinements to existing products , are expensed as incurred .such costs were $ 201 million in 2017 , $ 189 million in 2016 and $ 191 million in 2015 .the company did not participate in any material customer sponsored research during 2017 , 2016 or 2015 .15 .commitments and contingencies the company is subject to various claims and contingencies related to , among other things , workers 2019 compensation , general liability ( including product liability ) , automobile claims , health care claims , environmental matters and lawsuits .the company is also subject to various claims and contingencies related to income taxes , which are discussed in note 12 .the company also has contractual obligations including lease commitments , which are discussed in note 13 .the company records liabilities where a contingent loss is probable and can be reasonably estimated .if the reasonable estimate of a probable loss is a range , the company records the most probable estimate of the loss or the minimum amount when no amount within the range is a better estimate than any other amount .the company discloses a contingent liability even if the liability is not probable or the amount is not estimable , or both , if there is a reasonable possibility that a material loss may have been incurred .insurance globally , the company has insurance policies with varying deductibility levels for property and casualty losses .the company is insured for losses in excess of these deductibles , subject to policy terms and conditions and has recorded both a liability and an offsetting receivable for amounts in excess of these deductibles .the company is self-insured for health care claims for eligible participating employees , subject to certain deductibles and limitations .the company determines its liabilities for claims on an actuarial basis .litigation and environmental matters the company and certain subsidiaries are party to various lawsuits , claims and environmental actions that have arisen in the ordinary course of business .these include from time to time antitrust , commercial , patent infringement , product liability and wage hour lawsuits , as well as possible obligations to investigate and mitigate the effects on the environment of the disposal or release of certain chemical substances at various sites , such as superfund sites and other operating or closed facilities .the company has established accruals for certain lawsuits , claims and environmental matters .the company currently believes that there is not a reasonably possible risk of material loss in excess of the amounts accrued related to these legal matters .because litigation is inherently uncertain , and unfavorable rulings or developments could occur , there can be no certainty that the company may not ultimately incur charges in excess of recorded liabilities .a future adverse ruling , settlement or unfavorable development could result in future charges that could have a material adverse effect on the company 2019s results of operations or cash flows in the period in which they are recorded .the company currently believes that such future charges related to suits and legal claims , if any , would not have a material adverse effect on the company 2019s consolidated financial position .environmental matters the company is currently participating in environmental assessments and remediation at approximately 45 locations , the majority of which are in the u.s. , and environmental liabilities have been accrued reflecting management 2019s best estimate of future costs .potential insurance reimbursements are not anticipated in the company 2019s accruals for environmental liabilities. .
Question: what was the variation in the r&d expenses from 2016 to 2017?
| 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.
13 .rentals and leases the company leases sales and administrative office facilities , distribution centers , research and manufacturing facilities , as well as vehicles and other equipment under operating leases .total rental expense under the company 2019s operating leases was $ 239 million in 2017 and $ 221 million in both 2016 and 2015 .as of december 31 , 2017 , identifiable future minimum payments with non-cancelable terms in excess of one year were : ( millions ) . 2018 | $ 131
2019 | 115
2020 | 96
2021 | 86
2022 | 74
thereafter | 115
total | $ 617 the company enters into operating leases for vehicles whose non-cancelable terms are one year or less in duration with month-to-month renewal options .these leases have been excluded from the table above .the company estimates payments under such leases will approximate $ 62 million in 2018 .these vehicle leases have guaranteed residual values that have historically been satisfied by the proceeds on the sale of the vehicles .14 .research and development expenditures research expenditures that relate to the development of new products and processes , including significant improvements and refinements to existing products , are expensed as incurred .such costs were $ 201 million in 2017 , $ 189 million in 2016 and $ 191 million in 2015 .the company did not participate in any material customer sponsored research during 2017 , 2016 or 2015 .15 .commitments and contingencies the company is subject to various claims and contingencies related to , among other things , workers 2019 compensation , general liability ( including product liability ) , automobile claims , health care claims , environmental matters and lawsuits .the company is also subject to various claims and contingencies related to income taxes , which are discussed in note 12 .the company also has contractual obligations including lease commitments , which are discussed in note 13 .the company records liabilities where a contingent loss is probable and can be reasonably estimated .if the reasonable estimate of a probable loss is a range , the company records the most probable estimate of the loss or the minimum amount when no amount within the range is a better estimate than any other amount .the company discloses a contingent liability even if the liability is not probable or the amount is not estimable , or both , if there is a reasonable possibility that a material loss may have been incurred .insurance globally , the company has insurance policies with varying deductibility levels for property and casualty losses .the company is insured for losses in excess of these deductibles , subject to policy terms and conditions and has recorded both a liability and an offsetting receivable for amounts in excess of these deductibles .the company is self-insured for health care claims for eligible participating employees , subject to certain deductibles and limitations .the company determines its liabilities for claims on an actuarial basis .litigation and environmental matters the company and certain subsidiaries are party to various lawsuits , claims and environmental actions that have arisen in the ordinary course of business .these include from time to time antitrust , commercial , patent infringement , product liability and wage hour lawsuits , as well as possible obligations to investigate and mitigate the effects on the environment of the disposal or release of certain chemical substances at various sites , such as superfund sites and other operating or closed facilities .the company has established accruals for certain lawsuits , claims and environmental matters .the company currently believes that there is not a reasonably possible risk of material loss in excess of the amounts accrued related to these legal matters .because litigation is inherently uncertain , and unfavorable rulings or developments could occur , there can be no certainty that the company may not ultimately incur charges in excess of recorded liabilities .a future adverse ruling , settlement or unfavorable development could result in future charges that could have a material adverse effect on the company 2019s results of operations or cash flows in the period in which they are recorded .the company currently believes that such future charges related to suits and legal claims , if any , would not have a material adverse effect on the company 2019s consolidated financial position .environmental matters the company is currently participating in environmental assessments and remediation at approximately 45 locations , the majority of which are in the u.s. , and environmental liabilities have been accrued reflecting management 2019s best estimate of future costs .potential insurance reimbursements are not anticipated in the company 2019s accruals for environmental liabilities. .
Question: what was the variation in the r&d expenses from 2016 to 2017?
| convfinqa2212 |
13 .rentals and leases the company leases sales and administrative office facilities , distribution centers , research and manufacturing facilities , as well as vehicles and other equipment under operating leases .total rental expense under the company 2019s operating leases was $ 239 million in 2017 and $ 221 million in both 2016 and 2015 .as of december 31 , 2017 , identifiable future minimum payments with non-cancelable terms in excess of one year were : ( millions ) . 2018 | $ 131
2019 | 115
2020 | 96
2021 | 86
2022 | 74
thereafter | 115
total | $ 617 the company enters into operating leases for vehicles whose non-cancelable terms are one year or less in duration with month-to-month renewal options .these leases have been excluded from the table above .the company estimates payments under such leases will approximate $ 62 million in 2018 .these vehicle leases have guaranteed residual values that have historically been satisfied by the proceeds on the sale of the vehicles .14 .research and development expenditures research expenditures that relate to the development of new products and processes , including significant improvements and refinements to existing products , are expensed as incurred .such costs were $ 201 million in 2017 , $ 189 million in 2016 and $ 191 million in 2015 .the company did not participate in any material customer sponsored research during 2017 , 2016 or 2015 .15 .commitments and contingencies the company is subject to various claims and contingencies related to , among other things , workers 2019 compensation , general liability ( including product liability ) , automobile claims , health care claims , environmental matters and lawsuits .the company is also subject to various claims and contingencies related to income taxes , which are discussed in note 12 .the company also has contractual obligations including lease commitments , which are discussed in note 13 .the company records liabilities where a contingent loss is probable and can be reasonably estimated .if the reasonable estimate of a probable loss is a range , the company records the most probable estimate of the loss or the minimum amount when no amount within the range is a better estimate than any other amount .the company discloses a contingent liability even if the liability is not probable or the amount is not estimable , or both , if there is a reasonable possibility that a material loss may have been incurred .insurance globally , the company has insurance policies with varying deductibility levels for property and casualty losses .the company is insured for losses in excess of these deductibles , subject to policy terms and conditions and has recorded both a liability and an offsetting receivable for amounts in excess of these deductibles .the company is self-insured for health care claims for eligible participating employees , subject to certain deductibles and limitations .the company determines its liabilities for claims on an actuarial basis .litigation and environmental matters the company and certain subsidiaries are party to various lawsuits , claims and environmental actions that have arisen in the ordinary course of business .these include from time to time antitrust , commercial , patent infringement , product liability and wage hour lawsuits , as well as possible obligations to investigate and mitigate the effects on the environment of the disposal or release of certain chemical substances at various sites , such as superfund sites and other operating or closed facilities .the company has established accruals for certain lawsuits , claims and environmental matters .the company currently believes that there is not a reasonably possible risk of material loss in excess of the amounts accrued related to these legal matters .because litigation is inherently uncertain , and unfavorable rulings or developments could occur , there can be no certainty that the company may not ultimately incur charges in excess of recorded liabilities .a future adverse ruling , settlement or unfavorable development could result in future charges that could have a material adverse effect on the company 2019s results of operations or cash flows in the period in which they are recorded .the company currently believes that such future charges related to suits and legal claims , if any , would not have a material adverse effect on the company 2019s consolidated financial position .environmental matters the company is currently participating in environmental assessments and remediation at approximately 45 locations , the majority of which are in the u.s. , and environmental liabilities have been accrued reflecting management 2019s best estimate of future costs .potential insurance reimbursements are not anticipated in the company 2019s accruals for environmental liabilities. .
Question: what was the variation in the r&d expenses from 2016 to 2017?
Steps: subtract(201, 189)
Answer: 12.0
Question: and what percentage did this change represent in relation to those expenses in 2016?
| 0.06349 | 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 .rentals and leases the company leases sales and administrative office facilities , distribution centers , research and manufacturing facilities , as well as vehicles and other equipment under operating leases .total rental expense under the company 2019s operating leases was $ 239 million in 2017 and $ 221 million in both 2016 and 2015 .as of december 31 , 2017 , identifiable future minimum payments with non-cancelable terms in excess of one year were : ( millions ) . 2018 | $ 131
2019 | 115
2020 | 96
2021 | 86
2022 | 74
thereafter | 115
total | $ 617 the company enters into operating leases for vehicles whose non-cancelable terms are one year or less in duration with month-to-month renewal options .these leases have been excluded from the table above .the company estimates payments under such leases will approximate $ 62 million in 2018 .these vehicle leases have guaranteed residual values that have historically been satisfied by the proceeds on the sale of the vehicles .14 .research and development expenditures research expenditures that relate to the development of new products and processes , including significant improvements and refinements to existing products , are expensed as incurred .such costs were $ 201 million in 2017 , $ 189 million in 2016 and $ 191 million in 2015 .the company did not participate in any material customer sponsored research during 2017 , 2016 or 2015 .15 .commitments and contingencies the company is subject to various claims and contingencies related to , among other things , workers 2019 compensation , general liability ( including product liability ) , automobile claims , health care claims , environmental matters and lawsuits .the company is also subject to various claims and contingencies related to income taxes , which are discussed in note 12 .the company also has contractual obligations including lease commitments , which are discussed in note 13 .the company records liabilities where a contingent loss is probable and can be reasonably estimated .if the reasonable estimate of a probable loss is a range , the company records the most probable estimate of the loss or the minimum amount when no amount within the range is a better estimate than any other amount .the company discloses a contingent liability even if the liability is not probable or the amount is not estimable , or both , if there is a reasonable possibility that a material loss may have been incurred .insurance globally , the company has insurance policies with varying deductibility levels for property and casualty losses .the company is insured for losses in excess of these deductibles , subject to policy terms and conditions and has recorded both a liability and an offsetting receivable for amounts in excess of these deductibles .the company is self-insured for health care claims for eligible participating employees , subject to certain deductibles and limitations .the company determines its liabilities for claims on an actuarial basis .litigation and environmental matters the company and certain subsidiaries are party to various lawsuits , claims and environmental actions that have arisen in the ordinary course of business .these include from time to time antitrust , commercial , patent infringement , product liability and wage hour lawsuits , as well as possible obligations to investigate and mitigate the effects on the environment of the disposal or release of certain chemical substances at various sites , such as superfund sites and other operating or closed facilities .the company has established accruals for certain lawsuits , claims and environmental matters .the company currently believes that there is not a reasonably possible risk of material loss in excess of the amounts accrued related to these legal matters .because litigation is inherently uncertain , and unfavorable rulings or developments could occur , there can be no certainty that the company may not ultimately incur charges in excess of recorded liabilities .a future adverse ruling , settlement or unfavorable development could result in future charges that could have a material adverse effect on the company 2019s results of operations or cash flows in the period in which they are recorded .the company currently believes that such future charges related to suits and legal claims , if any , would not have a material adverse effect on the company 2019s consolidated financial position .environmental matters the company is currently participating in environmental assessments and remediation at approximately 45 locations , the majority of which are in the u.s. , and environmental liabilities have been accrued reflecting management 2019s best estimate of future costs .potential insurance reimbursements are not anticipated in the company 2019s accruals for environmental liabilities. .
Question: what was the variation in the r&d expenses from 2016 to 2017?
Steps: subtract(201, 189)
Answer: 12.0
Question: and what percentage did this change represent in relation to those expenses in 2016?
| convfinqa2213 |
13 .rentals and leases the company leases sales and administrative office facilities , distribution centers , research and manufacturing facilities , as well as vehicles and other equipment under operating leases .total rental expense under the company 2019s operating leases was $ 239 million in 2017 and $ 221 million in both 2016 and 2015 .as of december 31 , 2017 , identifiable future minimum payments with non-cancelable terms in excess of one year were : ( millions ) . 2018 | $ 131
2019 | 115
2020 | 96
2021 | 86
2022 | 74
thereafter | 115
total | $ 617 the company enters into operating leases for vehicles whose non-cancelable terms are one year or less in duration with month-to-month renewal options .these leases have been excluded from the table above .the company estimates payments under such leases will approximate $ 62 million in 2018 .these vehicle leases have guaranteed residual values that have historically been satisfied by the proceeds on the sale of the vehicles .14 .research and development expenditures research expenditures that relate to the development of new products and processes , including significant improvements and refinements to existing products , are expensed as incurred .such costs were $ 201 million in 2017 , $ 189 million in 2016 and $ 191 million in 2015 .the company did not participate in any material customer sponsored research during 2017 , 2016 or 2015 .15 .commitments and contingencies the company is subject to various claims and contingencies related to , among other things , workers 2019 compensation , general liability ( including product liability ) , automobile claims , health care claims , environmental matters and lawsuits .the company is also subject to various claims and contingencies related to income taxes , which are discussed in note 12 .the company also has contractual obligations including lease commitments , which are discussed in note 13 .the company records liabilities where a contingent loss is probable and can be reasonably estimated .if the reasonable estimate of a probable loss is a range , the company records the most probable estimate of the loss or the minimum amount when no amount within the range is a better estimate than any other amount .the company discloses a contingent liability even if the liability is not probable or the amount is not estimable , or both , if there is a reasonable possibility that a material loss may have been incurred .insurance globally , the company has insurance policies with varying deductibility levels for property and casualty losses .the company is insured for losses in excess of these deductibles , subject to policy terms and conditions and has recorded both a liability and an offsetting receivable for amounts in excess of these deductibles .the company is self-insured for health care claims for eligible participating employees , subject to certain deductibles and limitations .the company determines its liabilities for claims on an actuarial basis .litigation and environmental matters the company and certain subsidiaries are party to various lawsuits , claims and environmental actions that have arisen in the ordinary course of business .these include from time to time antitrust , commercial , patent infringement , product liability and wage hour lawsuits , as well as possible obligations to investigate and mitigate the effects on the environment of the disposal or release of certain chemical substances at various sites , such as superfund sites and other operating or closed facilities .the company has established accruals for certain lawsuits , claims and environmental matters .the company currently believes that there is not a reasonably possible risk of material loss in excess of the amounts accrued related to these legal matters .because litigation is inherently uncertain , and unfavorable rulings or developments could occur , there can be no certainty that the company may not ultimately incur charges in excess of recorded liabilities .a future adverse ruling , settlement or unfavorable development could result in future charges that could have a material adverse effect on the company 2019s results of operations or cash flows in the period in which they are recorded .the company currently believes that such future charges related to suits and legal claims , if any , would not have a material adverse effect on the company 2019s consolidated financial position .environmental matters the company is currently participating in environmental assessments and remediation at approximately 45 locations , the majority of which are in the u.s. , and environmental liabilities have been accrued reflecting management 2019s best estimate of future costs .potential insurance reimbursements are not anticipated in the company 2019s accruals for environmental liabilities. .
Question: what was the variation in the r&d expenses from 2016 to 2017?
Steps: subtract(201, 189)
Answer: 12.0
Question: and what percentage did this change represent in relation to those expenses in 2016?
Steps: Ask for number 189
Answer: 0.06349
Question: and over the next year, from 2017 to 2018, what was the change in the total rental expense under the company 2019s operating leases?
| -108.0 | 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.
13 .rentals and leases the company leases sales and administrative office facilities , distribution centers , research and manufacturing facilities , as well as vehicles and other equipment under operating leases .total rental expense under the company 2019s operating leases was $ 239 million in 2017 and $ 221 million in both 2016 and 2015 .as of december 31 , 2017 , identifiable future minimum payments with non-cancelable terms in excess of one year were : ( millions ) . 2018 | $ 131
2019 | 115
2020 | 96
2021 | 86
2022 | 74
thereafter | 115
total | $ 617 the company enters into operating leases for vehicles whose non-cancelable terms are one year or less in duration with month-to-month renewal options .these leases have been excluded from the table above .the company estimates payments under such leases will approximate $ 62 million in 2018 .these vehicle leases have guaranteed residual values that have historically been satisfied by the proceeds on the sale of the vehicles .14 .research and development expenditures research expenditures that relate to the development of new products and processes , including significant improvements and refinements to existing products , are expensed as incurred .such costs were $ 201 million in 2017 , $ 189 million in 2016 and $ 191 million in 2015 .the company did not participate in any material customer sponsored research during 2017 , 2016 or 2015 .15 .commitments and contingencies the company is subject to various claims and contingencies related to , among other things , workers 2019 compensation , general liability ( including product liability ) , automobile claims , health care claims , environmental matters and lawsuits .the company is also subject to various claims and contingencies related to income taxes , which are discussed in note 12 .the company also has contractual obligations including lease commitments , which are discussed in note 13 .the company records liabilities where a contingent loss is probable and can be reasonably estimated .if the reasonable estimate of a probable loss is a range , the company records the most probable estimate of the loss or the minimum amount when no amount within the range is a better estimate than any other amount .the company discloses a contingent liability even if the liability is not probable or the amount is not estimable , or both , if there is a reasonable possibility that a material loss may have been incurred .insurance globally , the company has insurance policies with varying deductibility levels for property and casualty losses .the company is insured for losses in excess of these deductibles , subject to policy terms and conditions and has recorded both a liability and an offsetting receivable for amounts in excess of these deductibles .the company is self-insured for health care claims for eligible participating employees , subject to certain deductibles and limitations .the company determines its liabilities for claims on an actuarial basis .litigation and environmental matters the company and certain subsidiaries are party to various lawsuits , claims and environmental actions that have arisen in the ordinary course of business .these include from time to time antitrust , commercial , patent infringement , product liability and wage hour lawsuits , as well as possible obligations to investigate and mitigate the effects on the environment of the disposal or release of certain chemical substances at various sites , such as superfund sites and other operating or closed facilities .the company has established accruals for certain lawsuits , claims and environmental matters .the company currently believes that there is not a reasonably possible risk of material loss in excess of the amounts accrued related to these legal matters .because litigation is inherently uncertain , and unfavorable rulings or developments could occur , there can be no certainty that the company may not ultimately incur charges in excess of recorded liabilities .a future adverse ruling , settlement or unfavorable development could result in future charges that could have a material adverse effect on the company 2019s results of operations or cash flows in the period in which they are recorded .the company currently believes that such future charges related to suits and legal claims , if any , would not have a material adverse effect on the company 2019s consolidated financial position .environmental matters the company is currently participating in environmental assessments and remediation at approximately 45 locations , the majority of which are in the u.s. , and environmental liabilities have been accrued reflecting management 2019s best estimate of future costs .potential insurance reimbursements are not anticipated in the company 2019s accruals for environmental liabilities. .
Question: what was the variation in the r&d expenses from 2016 to 2017?
Steps: subtract(201, 189)
Answer: 12.0
Question: and what percentage did this change represent in relation to those expenses in 2016?
Steps: Ask for number 189
Answer: 0.06349
Question: and over the next year, from 2017 to 2018, what was the change in the total rental expense under the company 2019s operating leases?
| convfinqa2214 |
decreased production volume as final aircraft deliveries were completed during the second quarter of 2012 and $ 50 million from the favorable resolution of a contractual matter during the second quarter of 2012 ; and about $ 270 million for various other programs ( primarily sustainment activities ) due to decreased volume .the decreases were partially offset by higher net sales of about $ 295 million for f-35 production contracts due to increased production volume and risk retirements ; approximately $ 245 million for the c-5 program due to increased aircraft deliveries ( six aircraft delivered in 2013 compared to four in 2012 ) and other modernization activities ; and about $ 70 million for the f-35 development contract due to increased volume .aeronautics 2019 operating profit for 2013 decreased $ 87 million , or 5% ( 5 % ) , compared to 2012 .the decrease was primarily attributable to lower operating profit of about $ 85 million for the f-22 program , which includes approximately $ 50 million from the favorable resolution of a contractual matter in the second quarter of 2012 and about $ 35 million due to decreased risk retirements and production volume ; approximately $ 70 million for the c-130 program due to lower risk retirements and fewer deliveries partially offset by increased sustainment activities ; about $ 65 million for the c-5 program due to the inception-to-date effect of reducing the profit booking rate in the third quarter of 2013 and lower risk retirements ; approximately $ 35 million for the f-16 program due to fewer aircraft deliveries partially offset by increased sustainment activity and aircraft configuration mix .the decreases were partially offset by higher operating profit of approximately $ 180 million for f-35 production contracts due to increased risk retirements and volume .operating profit was comparable for the f-35 development contract and included adjustments of approximately $ 85 million to reflect the inception-to-date impacts of the downward revisions to the profit booking rate in both 2013 and 2012 .adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 75 million lower for 2013 compared to backlog backlog decreased slightly in 2014 compared to 2013 primarily due to lower orders on f-16 and f-22 programs .backlog decreased in 2013 compared to 2012 mainly due to lower orders on f-16 , c-5 and c-130 programs , partially offset by higher orders on the f-35 program .trends we expect aeronautics 2019 2015 net sales to be comparable or slightly behind 2014 due to a decline in f-16 deliveries as well as a decline in f-35 development activity , partially offset by an increase in production contracts .operating profit is also expected to decrease in the low single digit range , due primarily to contract mix , resulting in a slight decrease in operating margins between years .information systems & global solutions our is&gs business segment provides advanced technology systems and expertise , integrated information technology solutions and management services across a broad spectrum of applications for civil , defense , intelligence and other government customers .is&gs has a portfolio of many smaller contracts as compared to our other business segments .is&gs has been impacted by the continued downturn in certain federal agencies 2019 information technology budgets and increased re-competition on existing contracts coupled with the fragmentation of large contracts into multiple smaller contracts that are awarded primarily on the basis of price .is&gs 2019 operating results included the following ( in millions ) : . | 2014 | 2013 | 2012
net sales | $ 7788 | $ 8367 | $ 8846
operating profit | 699 | 759 | 808
operating margins | 9.0% ( 9.0 % ) | 9.1% ( 9.1 % ) | 9.1% ( 9.1 % )
backlog at year-end | $ 8700 | $ 8300 | $ 8700 2014 compared to 2013 is&gs 2019 net sales decreased $ 579 million , or 7% ( 7 % ) , for 2014 compared to 2013 .the decrease was primarily attributable to lower net sales of about $ 645 million for 2014 due to the wind-down or completion of certain programs , driven by reductions in direct warfighter support ( including jieddo and ptds ) and defense budgets tied to command and control programs ; and approximately $ 490 million for 2014 due to a decline in volume for various ongoing programs , which reflects lower funding levels and programs impacted by in-theater force reductions .the decreases were partially offset by higher net sales of about $ 550 million for 2014 due to the start-up of new programs , growth in recently awarded programs and integration of recently acquired companies. .
Question: what is the operating profit in 2014?
| 699.0 | 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.
decreased production volume as final aircraft deliveries were completed during the second quarter of 2012 and $ 50 million from the favorable resolution of a contractual matter during the second quarter of 2012 ; and about $ 270 million for various other programs ( primarily sustainment activities ) due to decreased volume .the decreases were partially offset by higher net sales of about $ 295 million for f-35 production contracts due to increased production volume and risk retirements ; approximately $ 245 million for the c-5 program due to increased aircraft deliveries ( six aircraft delivered in 2013 compared to four in 2012 ) and other modernization activities ; and about $ 70 million for the f-35 development contract due to increased volume .aeronautics 2019 operating profit for 2013 decreased $ 87 million , or 5% ( 5 % ) , compared to 2012 .the decrease was primarily attributable to lower operating profit of about $ 85 million for the f-22 program , which includes approximately $ 50 million from the favorable resolution of a contractual matter in the second quarter of 2012 and about $ 35 million due to decreased risk retirements and production volume ; approximately $ 70 million for the c-130 program due to lower risk retirements and fewer deliveries partially offset by increased sustainment activities ; about $ 65 million for the c-5 program due to the inception-to-date effect of reducing the profit booking rate in the third quarter of 2013 and lower risk retirements ; approximately $ 35 million for the f-16 program due to fewer aircraft deliveries partially offset by increased sustainment activity and aircraft configuration mix .the decreases were partially offset by higher operating profit of approximately $ 180 million for f-35 production contracts due to increased risk retirements and volume .operating profit was comparable for the f-35 development contract and included adjustments of approximately $ 85 million to reflect the inception-to-date impacts of the downward revisions to the profit booking rate in both 2013 and 2012 .adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 75 million lower for 2013 compared to backlog backlog decreased slightly in 2014 compared to 2013 primarily due to lower orders on f-16 and f-22 programs .backlog decreased in 2013 compared to 2012 mainly due to lower orders on f-16 , c-5 and c-130 programs , partially offset by higher orders on the f-35 program .trends we expect aeronautics 2019 2015 net sales to be comparable or slightly behind 2014 due to a decline in f-16 deliveries as well as a decline in f-35 development activity , partially offset by an increase in production contracts .operating profit is also expected to decrease in the low single digit range , due primarily to contract mix , resulting in a slight decrease in operating margins between years .information systems & global solutions our is&gs business segment provides advanced technology systems and expertise , integrated information technology solutions and management services across a broad spectrum of applications for civil , defense , intelligence and other government customers .is&gs has a portfolio of many smaller contracts as compared to our other business segments .is&gs has been impacted by the continued downturn in certain federal agencies 2019 information technology budgets and increased re-competition on existing contracts coupled with the fragmentation of large contracts into multiple smaller contracts that are awarded primarily on the basis of price .is&gs 2019 operating results included the following ( in millions ) : . | 2014 | 2013 | 2012
net sales | $ 7788 | $ 8367 | $ 8846
operating profit | 699 | 759 | 808
operating margins | 9.0% ( 9.0 % ) | 9.1% ( 9.1 % ) | 9.1% ( 9.1 % )
backlog at year-end | $ 8700 | $ 8300 | $ 8700 2014 compared to 2013 is&gs 2019 net sales decreased $ 579 million , or 7% ( 7 % ) , for 2014 compared to 2013 .the decrease was primarily attributable to lower net sales of about $ 645 million for 2014 due to the wind-down or completion of certain programs , driven by reductions in direct warfighter support ( including jieddo and ptds ) and defense budgets tied to command and control programs ; and approximately $ 490 million for 2014 due to a decline in volume for various ongoing programs , which reflects lower funding levels and programs impacted by in-theater force reductions .the decreases were partially offset by higher net sales of about $ 550 million for 2014 due to the start-up of new programs , growth in recently awarded programs and integration of recently acquired companies. .
Question: what is the operating profit in 2014?
| convfinqa2215 |
decreased production volume as final aircraft deliveries were completed during the second quarter of 2012 and $ 50 million from the favorable resolution of a contractual matter during the second quarter of 2012 ; and about $ 270 million for various other programs ( primarily sustainment activities ) due to decreased volume .the decreases were partially offset by higher net sales of about $ 295 million for f-35 production contracts due to increased production volume and risk retirements ; approximately $ 245 million for the c-5 program due to increased aircraft deliveries ( six aircraft delivered in 2013 compared to four in 2012 ) and other modernization activities ; and about $ 70 million for the f-35 development contract due to increased volume .aeronautics 2019 operating profit for 2013 decreased $ 87 million , or 5% ( 5 % ) , compared to 2012 .the decrease was primarily attributable to lower operating profit of about $ 85 million for the f-22 program , which includes approximately $ 50 million from the favorable resolution of a contractual matter in the second quarter of 2012 and about $ 35 million due to decreased risk retirements and production volume ; approximately $ 70 million for the c-130 program due to lower risk retirements and fewer deliveries partially offset by increased sustainment activities ; about $ 65 million for the c-5 program due to the inception-to-date effect of reducing the profit booking rate in the third quarter of 2013 and lower risk retirements ; approximately $ 35 million for the f-16 program due to fewer aircraft deliveries partially offset by increased sustainment activity and aircraft configuration mix .the decreases were partially offset by higher operating profit of approximately $ 180 million for f-35 production contracts due to increased risk retirements and volume .operating profit was comparable for the f-35 development contract and included adjustments of approximately $ 85 million to reflect the inception-to-date impacts of the downward revisions to the profit booking rate in both 2013 and 2012 .adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 75 million lower for 2013 compared to backlog backlog decreased slightly in 2014 compared to 2013 primarily due to lower orders on f-16 and f-22 programs .backlog decreased in 2013 compared to 2012 mainly due to lower orders on f-16 , c-5 and c-130 programs , partially offset by higher orders on the f-35 program .trends we expect aeronautics 2019 2015 net sales to be comparable or slightly behind 2014 due to a decline in f-16 deliveries as well as a decline in f-35 development activity , partially offset by an increase in production contracts .operating profit is also expected to decrease in the low single digit range , due primarily to contract mix , resulting in a slight decrease in operating margins between years .information systems & global solutions our is&gs business segment provides advanced technology systems and expertise , integrated information technology solutions and management services across a broad spectrum of applications for civil , defense , intelligence and other government customers .is&gs has a portfolio of many smaller contracts as compared to our other business segments .is&gs has been impacted by the continued downturn in certain federal agencies 2019 information technology budgets and increased re-competition on existing contracts coupled with the fragmentation of large contracts into multiple smaller contracts that are awarded primarily on the basis of price .is&gs 2019 operating results included the following ( in millions ) : . | 2014 | 2013 | 2012
net sales | $ 7788 | $ 8367 | $ 8846
operating profit | 699 | 759 | 808
operating margins | 9.0% ( 9.0 % ) | 9.1% ( 9.1 % ) | 9.1% ( 9.1 % )
backlog at year-end | $ 8700 | $ 8300 | $ 8700 2014 compared to 2013 is&gs 2019 net sales decreased $ 579 million , or 7% ( 7 % ) , for 2014 compared to 2013 .the decrease was primarily attributable to lower net sales of about $ 645 million for 2014 due to the wind-down or completion of certain programs , driven by reductions in direct warfighter support ( including jieddo and ptds ) and defense budgets tied to command and control programs ; and approximately $ 490 million for 2014 due to a decline in volume for various ongoing programs , which reflects lower funding levels and programs impacted by in-theater force reductions .the decreases were partially offset by higher net sales of about $ 550 million for 2014 due to the start-up of new programs , growth in recently awarded programs and integration of recently acquired companies. .
Question: what is the operating profit in 2014?
Steps: Ask for number 699
Answer: 699.0
Question: what about in 2013?
| 759.0 | 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.
decreased production volume as final aircraft deliveries were completed during the second quarter of 2012 and $ 50 million from the favorable resolution of a contractual matter during the second quarter of 2012 ; and about $ 270 million for various other programs ( primarily sustainment activities ) due to decreased volume .the decreases were partially offset by higher net sales of about $ 295 million for f-35 production contracts due to increased production volume and risk retirements ; approximately $ 245 million for the c-5 program due to increased aircraft deliveries ( six aircraft delivered in 2013 compared to four in 2012 ) and other modernization activities ; and about $ 70 million for the f-35 development contract due to increased volume .aeronautics 2019 operating profit for 2013 decreased $ 87 million , or 5% ( 5 % ) , compared to 2012 .the decrease was primarily attributable to lower operating profit of about $ 85 million for the f-22 program , which includes approximately $ 50 million from the favorable resolution of a contractual matter in the second quarter of 2012 and about $ 35 million due to decreased risk retirements and production volume ; approximately $ 70 million for the c-130 program due to lower risk retirements and fewer deliveries partially offset by increased sustainment activities ; about $ 65 million for the c-5 program due to the inception-to-date effect of reducing the profit booking rate in the third quarter of 2013 and lower risk retirements ; approximately $ 35 million for the f-16 program due to fewer aircraft deliveries partially offset by increased sustainment activity and aircraft configuration mix .the decreases were partially offset by higher operating profit of approximately $ 180 million for f-35 production contracts due to increased risk retirements and volume .operating profit was comparable for the f-35 development contract and included adjustments of approximately $ 85 million to reflect the inception-to-date impacts of the downward revisions to the profit booking rate in both 2013 and 2012 .adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 75 million lower for 2013 compared to backlog backlog decreased slightly in 2014 compared to 2013 primarily due to lower orders on f-16 and f-22 programs .backlog decreased in 2013 compared to 2012 mainly due to lower orders on f-16 , c-5 and c-130 programs , partially offset by higher orders on the f-35 program .trends we expect aeronautics 2019 2015 net sales to be comparable or slightly behind 2014 due to a decline in f-16 deliveries as well as a decline in f-35 development activity , partially offset by an increase in production contracts .operating profit is also expected to decrease in the low single digit range , due primarily to contract mix , resulting in a slight decrease in operating margins between years .information systems & global solutions our is&gs business segment provides advanced technology systems and expertise , integrated information technology solutions and management services across a broad spectrum of applications for civil , defense , intelligence and other government customers .is&gs has a portfolio of many smaller contracts as compared to our other business segments .is&gs has been impacted by the continued downturn in certain federal agencies 2019 information technology budgets and increased re-competition on existing contracts coupled with the fragmentation of large contracts into multiple smaller contracts that are awarded primarily on the basis of price .is&gs 2019 operating results included the following ( in millions ) : . | 2014 | 2013 | 2012
net sales | $ 7788 | $ 8367 | $ 8846
operating profit | 699 | 759 | 808
operating margins | 9.0% ( 9.0 % ) | 9.1% ( 9.1 % ) | 9.1% ( 9.1 % )
backlog at year-end | $ 8700 | $ 8300 | $ 8700 2014 compared to 2013 is&gs 2019 net sales decreased $ 579 million , or 7% ( 7 % ) , for 2014 compared to 2013 .the decrease was primarily attributable to lower net sales of about $ 645 million for 2014 due to the wind-down or completion of certain programs , driven by reductions in direct warfighter support ( including jieddo and ptds ) and defense budgets tied to command and control programs ; and approximately $ 490 million for 2014 due to a decline in volume for various ongoing programs , which reflects lower funding levels and programs impacted by in-theater force reductions .the decreases were partially offset by higher net sales of about $ 550 million for 2014 due to the start-up of new programs , growth in recently awarded programs and integration of recently acquired companies. .
Question: what is the operating profit in 2014?
Steps: Ask for number 699
Answer: 699.0
Question: what about in 2013?
| convfinqa2216 |
decreased production volume as final aircraft deliveries were completed during the second quarter of 2012 and $ 50 million from the favorable resolution of a contractual matter during the second quarter of 2012 ; and about $ 270 million for various other programs ( primarily sustainment activities ) due to decreased volume .the decreases were partially offset by higher net sales of about $ 295 million for f-35 production contracts due to increased production volume and risk retirements ; approximately $ 245 million for the c-5 program due to increased aircraft deliveries ( six aircraft delivered in 2013 compared to four in 2012 ) and other modernization activities ; and about $ 70 million for the f-35 development contract due to increased volume .aeronautics 2019 operating profit for 2013 decreased $ 87 million , or 5% ( 5 % ) , compared to 2012 .the decrease was primarily attributable to lower operating profit of about $ 85 million for the f-22 program , which includes approximately $ 50 million from the favorable resolution of a contractual matter in the second quarter of 2012 and about $ 35 million due to decreased risk retirements and production volume ; approximately $ 70 million for the c-130 program due to lower risk retirements and fewer deliveries partially offset by increased sustainment activities ; about $ 65 million for the c-5 program due to the inception-to-date effect of reducing the profit booking rate in the third quarter of 2013 and lower risk retirements ; approximately $ 35 million for the f-16 program due to fewer aircraft deliveries partially offset by increased sustainment activity and aircraft configuration mix .the decreases were partially offset by higher operating profit of approximately $ 180 million for f-35 production contracts due to increased risk retirements and volume .operating profit was comparable for the f-35 development contract and included adjustments of approximately $ 85 million to reflect the inception-to-date impacts of the downward revisions to the profit booking rate in both 2013 and 2012 .adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 75 million lower for 2013 compared to backlog backlog decreased slightly in 2014 compared to 2013 primarily due to lower orders on f-16 and f-22 programs .backlog decreased in 2013 compared to 2012 mainly due to lower orders on f-16 , c-5 and c-130 programs , partially offset by higher orders on the f-35 program .trends we expect aeronautics 2019 2015 net sales to be comparable or slightly behind 2014 due to a decline in f-16 deliveries as well as a decline in f-35 development activity , partially offset by an increase in production contracts .operating profit is also expected to decrease in the low single digit range , due primarily to contract mix , resulting in a slight decrease in operating margins between years .information systems & global solutions our is&gs business segment provides advanced technology systems and expertise , integrated information technology solutions and management services across a broad spectrum of applications for civil , defense , intelligence and other government customers .is&gs has a portfolio of many smaller contracts as compared to our other business segments .is&gs has been impacted by the continued downturn in certain federal agencies 2019 information technology budgets and increased re-competition on existing contracts coupled with the fragmentation of large contracts into multiple smaller contracts that are awarded primarily on the basis of price .is&gs 2019 operating results included the following ( in millions ) : . | 2014 | 2013 | 2012
net sales | $ 7788 | $ 8367 | $ 8846
operating profit | 699 | 759 | 808
operating margins | 9.0% ( 9.0 % ) | 9.1% ( 9.1 % ) | 9.1% ( 9.1 % )
backlog at year-end | $ 8700 | $ 8300 | $ 8700 2014 compared to 2013 is&gs 2019 net sales decreased $ 579 million , or 7% ( 7 % ) , for 2014 compared to 2013 .the decrease was primarily attributable to lower net sales of about $ 645 million for 2014 due to the wind-down or completion of certain programs , driven by reductions in direct warfighter support ( including jieddo and ptds ) and defense budgets tied to command and control programs ; and approximately $ 490 million for 2014 due to a decline in volume for various ongoing programs , which reflects lower funding levels and programs impacted by in-theater force reductions .the decreases were partially offset by higher net sales of about $ 550 million for 2014 due to the start-up of new programs , growth in recently awarded programs and integration of recently acquired companies. .
Question: what is the operating profit in 2014?
Steps: Ask for number 699
Answer: 699.0
Question: what about in 2013?
Steps: Ask for number 759
Answer: 759.0
Question: what is the net change?
| -60.0 | 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.
decreased production volume as final aircraft deliveries were completed during the second quarter of 2012 and $ 50 million from the favorable resolution of a contractual matter during the second quarter of 2012 ; and about $ 270 million for various other programs ( primarily sustainment activities ) due to decreased volume .the decreases were partially offset by higher net sales of about $ 295 million for f-35 production contracts due to increased production volume and risk retirements ; approximately $ 245 million for the c-5 program due to increased aircraft deliveries ( six aircraft delivered in 2013 compared to four in 2012 ) and other modernization activities ; and about $ 70 million for the f-35 development contract due to increased volume .aeronautics 2019 operating profit for 2013 decreased $ 87 million , or 5% ( 5 % ) , compared to 2012 .the decrease was primarily attributable to lower operating profit of about $ 85 million for the f-22 program , which includes approximately $ 50 million from the favorable resolution of a contractual matter in the second quarter of 2012 and about $ 35 million due to decreased risk retirements and production volume ; approximately $ 70 million for the c-130 program due to lower risk retirements and fewer deliveries partially offset by increased sustainment activities ; about $ 65 million for the c-5 program due to the inception-to-date effect of reducing the profit booking rate in the third quarter of 2013 and lower risk retirements ; approximately $ 35 million for the f-16 program due to fewer aircraft deliveries partially offset by increased sustainment activity and aircraft configuration mix .the decreases were partially offset by higher operating profit of approximately $ 180 million for f-35 production contracts due to increased risk retirements and volume .operating profit was comparable for the f-35 development contract and included adjustments of approximately $ 85 million to reflect the inception-to-date impacts of the downward revisions to the profit booking rate in both 2013 and 2012 .adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 75 million lower for 2013 compared to backlog backlog decreased slightly in 2014 compared to 2013 primarily due to lower orders on f-16 and f-22 programs .backlog decreased in 2013 compared to 2012 mainly due to lower orders on f-16 , c-5 and c-130 programs , partially offset by higher orders on the f-35 program .trends we expect aeronautics 2019 2015 net sales to be comparable or slightly behind 2014 due to a decline in f-16 deliveries as well as a decline in f-35 development activity , partially offset by an increase in production contracts .operating profit is also expected to decrease in the low single digit range , due primarily to contract mix , resulting in a slight decrease in operating margins between years .information systems & global solutions our is&gs business segment provides advanced technology systems and expertise , integrated information technology solutions and management services across a broad spectrum of applications for civil , defense , intelligence and other government customers .is&gs has a portfolio of many smaller contracts as compared to our other business segments .is&gs has been impacted by the continued downturn in certain federal agencies 2019 information technology budgets and increased re-competition on existing contracts coupled with the fragmentation of large contracts into multiple smaller contracts that are awarded primarily on the basis of price .is&gs 2019 operating results included the following ( in millions ) : . | 2014 | 2013 | 2012
net sales | $ 7788 | $ 8367 | $ 8846
operating profit | 699 | 759 | 808
operating margins | 9.0% ( 9.0 % ) | 9.1% ( 9.1 % ) | 9.1% ( 9.1 % )
backlog at year-end | $ 8700 | $ 8300 | $ 8700 2014 compared to 2013 is&gs 2019 net sales decreased $ 579 million , or 7% ( 7 % ) , for 2014 compared to 2013 .the decrease was primarily attributable to lower net sales of about $ 645 million for 2014 due to the wind-down or completion of certain programs , driven by reductions in direct warfighter support ( including jieddo and ptds ) and defense budgets tied to command and control programs ; and approximately $ 490 million for 2014 due to a decline in volume for various ongoing programs , which reflects lower funding levels and programs impacted by in-theater force reductions .the decreases were partially offset by higher net sales of about $ 550 million for 2014 due to the start-up of new programs , growth in recently awarded programs and integration of recently acquired companies. .
Question: what is the operating profit in 2014?
Steps: Ask for number 699
Answer: 699.0
Question: what about in 2013?
Steps: Ask for number 759
Answer: 759.0
Question: what is the net change?
| convfinqa2217 |
decreased production volume as final aircraft deliveries were completed during the second quarter of 2012 and $ 50 million from the favorable resolution of a contractual matter during the second quarter of 2012 ; and about $ 270 million for various other programs ( primarily sustainment activities ) due to decreased volume .the decreases were partially offset by higher net sales of about $ 295 million for f-35 production contracts due to increased production volume and risk retirements ; approximately $ 245 million for the c-5 program due to increased aircraft deliveries ( six aircraft delivered in 2013 compared to four in 2012 ) and other modernization activities ; and about $ 70 million for the f-35 development contract due to increased volume .aeronautics 2019 operating profit for 2013 decreased $ 87 million , or 5% ( 5 % ) , compared to 2012 .the decrease was primarily attributable to lower operating profit of about $ 85 million for the f-22 program , which includes approximately $ 50 million from the favorable resolution of a contractual matter in the second quarter of 2012 and about $ 35 million due to decreased risk retirements and production volume ; approximately $ 70 million for the c-130 program due to lower risk retirements and fewer deliveries partially offset by increased sustainment activities ; about $ 65 million for the c-5 program due to the inception-to-date effect of reducing the profit booking rate in the third quarter of 2013 and lower risk retirements ; approximately $ 35 million for the f-16 program due to fewer aircraft deliveries partially offset by increased sustainment activity and aircraft configuration mix .the decreases were partially offset by higher operating profit of approximately $ 180 million for f-35 production contracts due to increased risk retirements and volume .operating profit was comparable for the f-35 development contract and included adjustments of approximately $ 85 million to reflect the inception-to-date impacts of the downward revisions to the profit booking rate in both 2013 and 2012 .adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 75 million lower for 2013 compared to backlog backlog decreased slightly in 2014 compared to 2013 primarily due to lower orders on f-16 and f-22 programs .backlog decreased in 2013 compared to 2012 mainly due to lower orders on f-16 , c-5 and c-130 programs , partially offset by higher orders on the f-35 program .trends we expect aeronautics 2019 2015 net sales to be comparable or slightly behind 2014 due to a decline in f-16 deliveries as well as a decline in f-35 development activity , partially offset by an increase in production contracts .operating profit is also expected to decrease in the low single digit range , due primarily to contract mix , resulting in a slight decrease in operating margins between years .information systems & global solutions our is&gs business segment provides advanced technology systems and expertise , integrated information technology solutions and management services across a broad spectrum of applications for civil , defense , intelligence and other government customers .is&gs has a portfolio of many smaller contracts as compared to our other business segments .is&gs has been impacted by the continued downturn in certain federal agencies 2019 information technology budgets and increased re-competition on existing contracts coupled with the fragmentation of large contracts into multiple smaller contracts that are awarded primarily on the basis of price .is&gs 2019 operating results included the following ( in millions ) : . | 2014 | 2013 | 2012
net sales | $ 7788 | $ 8367 | $ 8846
operating profit | 699 | 759 | 808
operating margins | 9.0% ( 9.0 % ) | 9.1% ( 9.1 % ) | 9.1% ( 9.1 % )
backlog at year-end | $ 8700 | $ 8300 | $ 8700 2014 compared to 2013 is&gs 2019 net sales decreased $ 579 million , or 7% ( 7 % ) , for 2014 compared to 2013 .the decrease was primarily attributable to lower net sales of about $ 645 million for 2014 due to the wind-down or completion of certain programs , driven by reductions in direct warfighter support ( including jieddo and ptds ) and defense budgets tied to command and control programs ; and approximately $ 490 million for 2014 due to a decline in volume for various ongoing programs , which reflects lower funding levels and programs impacted by in-theater force reductions .the decreases were partially offset by higher net sales of about $ 550 million for 2014 due to the start-up of new programs , growth in recently awarded programs and integration of recently acquired companies. .
Question: what is the operating profit in 2014?
Steps: Ask for number 699
Answer: 699.0
Question: what about in 2013?
Steps: Ask for number 759
Answer: 759.0
Question: what is the net change?
Steps: subtract(699, 759)
Answer: -60.0
Question: what growth rate does this represent?
| -0.07905 | 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.
decreased production volume as final aircraft deliveries were completed during the second quarter of 2012 and $ 50 million from the favorable resolution of a contractual matter during the second quarter of 2012 ; and about $ 270 million for various other programs ( primarily sustainment activities ) due to decreased volume .the decreases were partially offset by higher net sales of about $ 295 million for f-35 production contracts due to increased production volume and risk retirements ; approximately $ 245 million for the c-5 program due to increased aircraft deliveries ( six aircraft delivered in 2013 compared to four in 2012 ) and other modernization activities ; and about $ 70 million for the f-35 development contract due to increased volume .aeronautics 2019 operating profit for 2013 decreased $ 87 million , or 5% ( 5 % ) , compared to 2012 .the decrease was primarily attributable to lower operating profit of about $ 85 million for the f-22 program , which includes approximately $ 50 million from the favorable resolution of a contractual matter in the second quarter of 2012 and about $ 35 million due to decreased risk retirements and production volume ; approximately $ 70 million for the c-130 program due to lower risk retirements and fewer deliveries partially offset by increased sustainment activities ; about $ 65 million for the c-5 program due to the inception-to-date effect of reducing the profit booking rate in the third quarter of 2013 and lower risk retirements ; approximately $ 35 million for the f-16 program due to fewer aircraft deliveries partially offset by increased sustainment activity and aircraft configuration mix .the decreases were partially offset by higher operating profit of approximately $ 180 million for f-35 production contracts due to increased risk retirements and volume .operating profit was comparable for the f-35 development contract and included adjustments of approximately $ 85 million to reflect the inception-to-date impacts of the downward revisions to the profit booking rate in both 2013 and 2012 .adjustments not related to volume , including net profit booking rate adjustments and other matters , were approximately $ 75 million lower for 2013 compared to backlog backlog decreased slightly in 2014 compared to 2013 primarily due to lower orders on f-16 and f-22 programs .backlog decreased in 2013 compared to 2012 mainly due to lower orders on f-16 , c-5 and c-130 programs , partially offset by higher orders on the f-35 program .trends we expect aeronautics 2019 2015 net sales to be comparable or slightly behind 2014 due to a decline in f-16 deliveries as well as a decline in f-35 development activity , partially offset by an increase in production contracts .operating profit is also expected to decrease in the low single digit range , due primarily to contract mix , resulting in a slight decrease in operating margins between years .information systems & global solutions our is&gs business segment provides advanced technology systems and expertise , integrated information technology solutions and management services across a broad spectrum of applications for civil , defense , intelligence and other government customers .is&gs has a portfolio of many smaller contracts as compared to our other business segments .is&gs has been impacted by the continued downturn in certain federal agencies 2019 information technology budgets and increased re-competition on existing contracts coupled with the fragmentation of large contracts into multiple smaller contracts that are awarded primarily on the basis of price .is&gs 2019 operating results included the following ( in millions ) : . | 2014 | 2013 | 2012
net sales | $ 7788 | $ 8367 | $ 8846
operating profit | 699 | 759 | 808
operating margins | 9.0% ( 9.0 % ) | 9.1% ( 9.1 % ) | 9.1% ( 9.1 % )
backlog at year-end | $ 8700 | $ 8300 | $ 8700 2014 compared to 2013 is&gs 2019 net sales decreased $ 579 million , or 7% ( 7 % ) , for 2014 compared to 2013 .the decrease was primarily attributable to lower net sales of about $ 645 million for 2014 due to the wind-down or completion of certain programs , driven by reductions in direct warfighter support ( including jieddo and ptds ) and defense budgets tied to command and control programs ; and approximately $ 490 million for 2014 due to a decline in volume for various ongoing programs , which reflects lower funding levels and programs impacted by in-theater force reductions .the decreases were partially offset by higher net sales of about $ 550 million for 2014 due to the start-up of new programs , growth in recently awarded programs and integration of recently acquired companies. .
Question: what is the operating profit in 2014?
Steps: Ask for number 699
Answer: 699.0
Question: what about in 2013?
Steps: Ask for number 759
Answer: 759.0
Question: what is the net change?
Steps: subtract(699, 759)
Answer: -60.0
Question: what growth rate does this represent?
| convfinqa2218 |
sources of blackrock 2019s operating cash primarily include investment advisory , administration fees and securities lending revenue , performance fees , revenue from technology and risk management services , advisory and other revenue and distribution fees .blackrock uses its cash to pay all operating expense , interest and principal on borrowings , income taxes , dividends on blackrock 2019s capital stock , repurchases of the company 2019s stock , capital expenditures and purchases of co-investments and seed investments .for details of the company 2019s gaap cash flows from operating , investing and financing activities , see the consolidated statements of cash flows contained in part ii , item 8 of this filing .cash flows from operating activities , excluding the impact of consolidated sponsored investment funds , primarily include the receipt of investment advisory and administration fees , securities lending revenue and performance fees offset by the payment of operating expenses incurred in the normal course of business , including year-end incentive compensation accrued for in the prior year .cash outflows from investing activities , excluding the impact of consolidated sponsored investment funds , for 2017 were $ 517 million and primarily reflected $ 497 million of investment purchases , $ 155 million of purchases of property and equipment , $ 73 million related to the first reserve transaction and $ 29 million related to the cachematrix transaction , partially offset by $ 205 million of net proceeds from sales and maturities of certain investments .cash outflows from financing activities , excluding the impact of consolidated sponsored investment funds , for 2017 were $ 3094 million , primarily resulting from $ 1.4 billion of share repurchases , including $ 1.1 billion in open market- transactions and $ 321 million of employee tax withholdings related to employee stock transactions , $ 1.7 billion of cash dividend payments and $ 700 million of repayments of long- term borrowings , partially offset by $ 697 million of proceeds from issuance of long-term borrowings .the company manages its financial condition and funding to maintain appropriate liquidity for the business .liquidity resources at december 31 , 2017 and 2016 were as follows : ( in millions ) december 31 , december 31 , cash and cash equivalents ( 1 ) $ 6894 $ 6091 cash and cash equivalents held by consolidated vres ( 2 ) ( 63 ) ( 53 ) . ( in millions ) | december 31 2017 | december 31 2016
cash and cash equivalents ( 1 ) | $ 6894 | $ 6091
cash and cash equivalents held by consolidated vres ( 2 ) | -63 ( 63 ) | -53 ( 53 )
subtotal | 6831 | 6038
credit facility 2014 undrawn | 4000 | 4000
total liquidity resources ( 3 ) | $ 10831 | $ 10038 total liquidity resources ( 3 ) $ 10831 $ 10038 ( 1 ) the percentage of cash and cash equivalents held by the company 2019s u.s .subsidiaries was approximately 40% ( 40 % ) and 50% ( 50 % ) at december 31 , 2017 and 2016 , respectively .see net capital requirements herein for more information on net capital requirements in certain regulated subsidiaries .( 2 ) the company cannot readily access such cash to use in its operating activities .( 3 ) amounts do not reflect a reduction for year-end incentive compensation accruals of approximately $ 1.5 billion and $ 1.3 billion for 2017 and 2016 , respectively , which are paid in the first quarter of the following year .total liquidity resources increased $ 793 million during 2017 , primarily reflecting cash flows from operating activities , partially offset by cash payments of 2016 year-end incentive awards , share repurchases of $ 1.4 billion and cash dividend payments of $ 1.7 billion .a significant portion of the company 2019s $ 3154 million of total investments , as adjusted , is illiquid in nature and , as such , cannot be readily convertible to cash .share repurchases .the company repurchased 2.6 million common shares in open market transactions under the share repurchase program for approximately $ 1.1 billion during 2017 .at december 31 , 2017 , there were 6.4 million shares still authorized to be repurchased .net capital requirements .the company is required to maintain net capital in certain regulated subsidiaries within a number of jurisdictions , which is partially maintained by retaining cash and cash equivalent investments in those subsidiaries or jurisdictions .as a result , such subsidiaries of the company may be restricted in their ability to transfer cash between different jurisdictions and to their parents .additionally , transfers of cash between international jurisdictions may have adverse tax consequences that could discourage such transfers .blackrock institutional trust company , n.a .( 201cbtc 201d ) is chartered as a national bank that does not accept client deposits and whose powers are limited to trust and other fiduciary activities .btc provides investment management services , including investment advisory and securities lending agency services , to institutional clients .btc is subject to regulatory capital and liquid asset requirements administered by the office of the comptroller of the currency .at december 31 , 2017 and 2016 , the company was required to maintain approximately $ 1.8 billion and $ 1.4 billion , respectively , in net capital in certain regulated subsidiaries , including btc , entities regulated by the financial conduct authority and prudential regulation authority in the united kingdom , and the company 2019s broker-dealers .the company was in compliance with all applicable regulatory net capital requirements .undistributed earnings of foreign subsidiaries .as a result of the 2017 tax act and the one-time mandatory deemed repatriation tax on untaxed accumulated foreign earnings , a provisional amount of u.s .income taxes was provided on the undistributed foreign earnings .the financial statement basis in excess of tax basis of its foreign subsidiaries remains indefinitely reinvested in foreign operations .the company will continue to evaluate its capital management plans throughout 2018 .short-term borrowings 2017 revolving credit facility .the company 2019s credit facility has an aggregate commitment amount of $ 4.0 billion and was amended in april 2017 to extend the maturity date to april 2022 ( the 201c2017 credit facility 201d ) .the 2017 credit facility permits the company to request up to an additional $ 1.0 billion of borrowing capacity , subject to lender credit approval , increasing the overall size of the 2017 credit facility to an aggregate principal amount not to exceed $ 5.0 billion .interest on borrowings outstanding accrues at a rate based on the applicable london interbank offered rate plus a spread .the 2017 credit facility requires the company .
Question: what is the net change in total liquidity resources from 2016 to 2017?
| 793.0 | 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.
sources of blackrock 2019s operating cash primarily include investment advisory , administration fees and securities lending revenue , performance fees , revenue from technology and risk management services , advisory and other revenue and distribution fees .blackrock uses its cash to pay all operating expense , interest and principal on borrowings , income taxes , dividends on blackrock 2019s capital stock , repurchases of the company 2019s stock , capital expenditures and purchases of co-investments and seed investments .for details of the company 2019s gaap cash flows from operating , investing and financing activities , see the consolidated statements of cash flows contained in part ii , item 8 of this filing .cash flows from operating activities , excluding the impact of consolidated sponsored investment funds , primarily include the receipt of investment advisory and administration fees , securities lending revenue and performance fees offset by the payment of operating expenses incurred in the normal course of business , including year-end incentive compensation accrued for in the prior year .cash outflows from investing activities , excluding the impact of consolidated sponsored investment funds , for 2017 were $ 517 million and primarily reflected $ 497 million of investment purchases , $ 155 million of purchases of property and equipment , $ 73 million related to the first reserve transaction and $ 29 million related to the cachematrix transaction , partially offset by $ 205 million of net proceeds from sales and maturities of certain investments .cash outflows from financing activities , excluding the impact of consolidated sponsored investment funds , for 2017 were $ 3094 million , primarily resulting from $ 1.4 billion of share repurchases , including $ 1.1 billion in open market- transactions and $ 321 million of employee tax withholdings related to employee stock transactions , $ 1.7 billion of cash dividend payments and $ 700 million of repayments of long- term borrowings , partially offset by $ 697 million of proceeds from issuance of long-term borrowings .the company manages its financial condition and funding to maintain appropriate liquidity for the business .liquidity resources at december 31 , 2017 and 2016 were as follows : ( in millions ) december 31 , december 31 , cash and cash equivalents ( 1 ) $ 6894 $ 6091 cash and cash equivalents held by consolidated vres ( 2 ) ( 63 ) ( 53 ) . ( in millions ) | december 31 2017 | december 31 2016
cash and cash equivalents ( 1 ) | $ 6894 | $ 6091
cash and cash equivalents held by consolidated vres ( 2 ) | -63 ( 63 ) | -53 ( 53 )
subtotal | 6831 | 6038
credit facility 2014 undrawn | 4000 | 4000
total liquidity resources ( 3 ) | $ 10831 | $ 10038 total liquidity resources ( 3 ) $ 10831 $ 10038 ( 1 ) the percentage of cash and cash equivalents held by the company 2019s u.s .subsidiaries was approximately 40% ( 40 % ) and 50% ( 50 % ) at december 31 , 2017 and 2016 , respectively .see net capital requirements herein for more information on net capital requirements in certain regulated subsidiaries .( 2 ) the company cannot readily access such cash to use in its operating activities .( 3 ) amounts do not reflect a reduction for year-end incentive compensation accruals of approximately $ 1.5 billion and $ 1.3 billion for 2017 and 2016 , respectively , which are paid in the first quarter of the following year .total liquidity resources increased $ 793 million during 2017 , primarily reflecting cash flows from operating activities , partially offset by cash payments of 2016 year-end incentive awards , share repurchases of $ 1.4 billion and cash dividend payments of $ 1.7 billion .a significant portion of the company 2019s $ 3154 million of total investments , as adjusted , is illiquid in nature and , as such , cannot be readily convertible to cash .share repurchases .the company repurchased 2.6 million common shares in open market transactions under the share repurchase program for approximately $ 1.1 billion during 2017 .at december 31 , 2017 , there were 6.4 million shares still authorized to be repurchased .net capital requirements .the company is required to maintain net capital in certain regulated subsidiaries within a number of jurisdictions , which is partially maintained by retaining cash and cash equivalent investments in those subsidiaries or jurisdictions .as a result , such subsidiaries of the company may be restricted in their ability to transfer cash between different jurisdictions and to their parents .additionally , transfers of cash between international jurisdictions may have adverse tax consequences that could discourage such transfers .blackrock institutional trust company , n.a .( 201cbtc 201d ) is chartered as a national bank that does not accept client deposits and whose powers are limited to trust and other fiduciary activities .btc provides investment management services , including investment advisory and securities lending agency services , to institutional clients .btc is subject to regulatory capital and liquid asset requirements administered by the office of the comptroller of the currency .at december 31 , 2017 and 2016 , the company was required to maintain approximately $ 1.8 billion and $ 1.4 billion , respectively , in net capital in certain regulated subsidiaries , including btc , entities regulated by the financial conduct authority and prudential regulation authority in the united kingdom , and the company 2019s broker-dealers .the company was in compliance with all applicable regulatory net capital requirements .undistributed earnings of foreign subsidiaries .as a result of the 2017 tax act and the one-time mandatory deemed repatriation tax on untaxed accumulated foreign earnings , a provisional amount of u.s .income taxes was provided on the undistributed foreign earnings .the financial statement basis in excess of tax basis of its foreign subsidiaries remains indefinitely reinvested in foreign operations .the company will continue to evaluate its capital management plans throughout 2018 .short-term borrowings 2017 revolving credit facility .the company 2019s credit facility has an aggregate commitment amount of $ 4.0 billion and was amended in april 2017 to extend the maturity date to april 2022 ( the 201c2017 credit facility 201d ) .the 2017 credit facility permits the company to request up to an additional $ 1.0 billion of borrowing capacity , subject to lender credit approval , increasing the overall size of the 2017 credit facility to an aggregate principal amount not to exceed $ 5.0 billion .interest on borrowings outstanding accrues at a rate based on the applicable london interbank offered rate plus a spread .the 2017 credit facility requires the company .
Question: what is the net change in total liquidity resources from 2016 to 2017?
| convfinqa2219 |
sources of blackrock 2019s operating cash primarily include investment advisory , administration fees and securities lending revenue , performance fees , revenue from technology and risk management services , advisory and other revenue and distribution fees .blackrock uses its cash to pay all operating expense , interest and principal on borrowings , income taxes , dividends on blackrock 2019s capital stock , repurchases of the company 2019s stock , capital expenditures and purchases of co-investments and seed investments .for details of the company 2019s gaap cash flows from operating , investing and financing activities , see the consolidated statements of cash flows contained in part ii , item 8 of this filing .cash flows from operating activities , excluding the impact of consolidated sponsored investment funds , primarily include the receipt of investment advisory and administration fees , securities lending revenue and performance fees offset by the payment of operating expenses incurred in the normal course of business , including year-end incentive compensation accrued for in the prior year .cash outflows from investing activities , excluding the impact of consolidated sponsored investment funds , for 2017 were $ 517 million and primarily reflected $ 497 million of investment purchases , $ 155 million of purchases of property and equipment , $ 73 million related to the first reserve transaction and $ 29 million related to the cachematrix transaction , partially offset by $ 205 million of net proceeds from sales and maturities of certain investments .cash outflows from financing activities , excluding the impact of consolidated sponsored investment funds , for 2017 were $ 3094 million , primarily resulting from $ 1.4 billion of share repurchases , including $ 1.1 billion in open market- transactions and $ 321 million of employee tax withholdings related to employee stock transactions , $ 1.7 billion of cash dividend payments and $ 700 million of repayments of long- term borrowings , partially offset by $ 697 million of proceeds from issuance of long-term borrowings .the company manages its financial condition and funding to maintain appropriate liquidity for the business .liquidity resources at december 31 , 2017 and 2016 were as follows : ( in millions ) december 31 , december 31 , cash and cash equivalents ( 1 ) $ 6894 $ 6091 cash and cash equivalents held by consolidated vres ( 2 ) ( 63 ) ( 53 ) . ( in millions ) | december 31 2017 | december 31 2016
cash and cash equivalents ( 1 ) | $ 6894 | $ 6091
cash and cash equivalents held by consolidated vres ( 2 ) | -63 ( 63 ) | -53 ( 53 )
subtotal | 6831 | 6038
credit facility 2014 undrawn | 4000 | 4000
total liquidity resources ( 3 ) | $ 10831 | $ 10038 total liquidity resources ( 3 ) $ 10831 $ 10038 ( 1 ) the percentage of cash and cash equivalents held by the company 2019s u.s .subsidiaries was approximately 40% ( 40 % ) and 50% ( 50 % ) at december 31 , 2017 and 2016 , respectively .see net capital requirements herein for more information on net capital requirements in certain regulated subsidiaries .( 2 ) the company cannot readily access such cash to use in its operating activities .( 3 ) amounts do not reflect a reduction for year-end incentive compensation accruals of approximately $ 1.5 billion and $ 1.3 billion for 2017 and 2016 , respectively , which are paid in the first quarter of the following year .total liquidity resources increased $ 793 million during 2017 , primarily reflecting cash flows from operating activities , partially offset by cash payments of 2016 year-end incentive awards , share repurchases of $ 1.4 billion and cash dividend payments of $ 1.7 billion .a significant portion of the company 2019s $ 3154 million of total investments , as adjusted , is illiquid in nature and , as such , cannot be readily convertible to cash .share repurchases .the company repurchased 2.6 million common shares in open market transactions under the share repurchase program for approximately $ 1.1 billion during 2017 .at december 31 , 2017 , there were 6.4 million shares still authorized to be repurchased .net capital requirements .the company is required to maintain net capital in certain regulated subsidiaries within a number of jurisdictions , which is partially maintained by retaining cash and cash equivalent investments in those subsidiaries or jurisdictions .as a result , such subsidiaries of the company may be restricted in their ability to transfer cash between different jurisdictions and to their parents .additionally , transfers of cash between international jurisdictions may have adverse tax consequences that could discourage such transfers .blackrock institutional trust company , n.a .( 201cbtc 201d ) is chartered as a national bank that does not accept client deposits and whose powers are limited to trust and other fiduciary activities .btc provides investment management services , including investment advisory and securities lending agency services , to institutional clients .btc is subject to regulatory capital and liquid asset requirements administered by the office of the comptroller of the currency .at december 31 , 2017 and 2016 , the company was required to maintain approximately $ 1.8 billion and $ 1.4 billion , respectively , in net capital in certain regulated subsidiaries , including btc , entities regulated by the financial conduct authority and prudential regulation authority in the united kingdom , and the company 2019s broker-dealers .the company was in compliance with all applicable regulatory net capital requirements .undistributed earnings of foreign subsidiaries .as a result of the 2017 tax act and the one-time mandatory deemed repatriation tax on untaxed accumulated foreign earnings , a provisional amount of u.s .income taxes was provided on the undistributed foreign earnings .the financial statement basis in excess of tax basis of its foreign subsidiaries remains indefinitely reinvested in foreign operations .the company will continue to evaluate its capital management plans throughout 2018 .short-term borrowings 2017 revolving credit facility .the company 2019s credit facility has an aggregate commitment amount of $ 4.0 billion and was amended in april 2017 to extend the maturity date to april 2022 ( the 201c2017 credit facility 201d ) .the 2017 credit facility permits the company to request up to an additional $ 1.0 billion of borrowing capacity , subject to lender credit approval , increasing the overall size of the 2017 credit facility to an aggregate principal amount not to exceed $ 5.0 billion .interest on borrowings outstanding accrues at a rate based on the applicable london interbank offered rate plus a spread .the 2017 credit facility requires the company .
Question: what is the net change in total liquidity resources from 2016 to 2017?
Steps: subtract(10831, 10038)
Answer: 793.0
Question: what is that change divided by the 2016 value?
| 0.079 | 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.
sources of blackrock 2019s operating cash primarily include investment advisory , administration fees and securities lending revenue , performance fees , revenue from technology and risk management services , advisory and other revenue and distribution fees .blackrock uses its cash to pay all operating expense , interest and principal on borrowings , income taxes , dividends on blackrock 2019s capital stock , repurchases of the company 2019s stock , capital expenditures and purchases of co-investments and seed investments .for details of the company 2019s gaap cash flows from operating , investing and financing activities , see the consolidated statements of cash flows contained in part ii , item 8 of this filing .cash flows from operating activities , excluding the impact of consolidated sponsored investment funds , primarily include the receipt of investment advisory and administration fees , securities lending revenue and performance fees offset by the payment of operating expenses incurred in the normal course of business , including year-end incentive compensation accrued for in the prior year .cash outflows from investing activities , excluding the impact of consolidated sponsored investment funds , for 2017 were $ 517 million and primarily reflected $ 497 million of investment purchases , $ 155 million of purchases of property and equipment , $ 73 million related to the first reserve transaction and $ 29 million related to the cachematrix transaction , partially offset by $ 205 million of net proceeds from sales and maturities of certain investments .cash outflows from financing activities , excluding the impact of consolidated sponsored investment funds , for 2017 were $ 3094 million , primarily resulting from $ 1.4 billion of share repurchases , including $ 1.1 billion in open market- transactions and $ 321 million of employee tax withholdings related to employee stock transactions , $ 1.7 billion of cash dividend payments and $ 700 million of repayments of long- term borrowings , partially offset by $ 697 million of proceeds from issuance of long-term borrowings .the company manages its financial condition and funding to maintain appropriate liquidity for the business .liquidity resources at december 31 , 2017 and 2016 were as follows : ( in millions ) december 31 , december 31 , cash and cash equivalents ( 1 ) $ 6894 $ 6091 cash and cash equivalents held by consolidated vres ( 2 ) ( 63 ) ( 53 ) . ( in millions ) | december 31 2017 | december 31 2016
cash and cash equivalents ( 1 ) | $ 6894 | $ 6091
cash and cash equivalents held by consolidated vres ( 2 ) | -63 ( 63 ) | -53 ( 53 )
subtotal | 6831 | 6038
credit facility 2014 undrawn | 4000 | 4000
total liquidity resources ( 3 ) | $ 10831 | $ 10038 total liquidity resources ( 3 ) $ 10831 $ 10038 ( 1 ) the percentage of cash and cash equivalents held by the company 2019s u.s .subsidiaries was approximately 40% ( 40 % ) and 50% ( 50 % ) at december 31 , 2017 and 2016 , respectively .see net capital requirements herein for more information on net capital requirements in certain regulated subsidiaries .( 2 ) the company cannot readily access such cash to use in its operating activities .( 3 ) amounts do not reflect a reduction for year-end incentive compensation accruals of approximately $ 1.5 billion and $ 1.3 billion for 2017 and 2016 , respectively , which are paid in the first quarter of the following year .total liquidity resources increased $ 793 million during 2017 , primarily reflecting cash flows from operating activities , partially offset by cash payments of 2016 year-end incentive awards , share repurchases of $ 1.4 billion and cash dividend payments of $ 1.7 billion .a significant portion of the company 2019s $ 3154 million of total investments , as adjusted , is illiquid in nature and , as such , cannot be readily convertible to cash .share repurchases .the company repurchased 2.6 million common shares in open market transactions under the share repurchase program for approximately $ 1.1 billion during 2017 .at december 31 , 2017 , there were 6.4 million shares still authorized to be repurchased .net capital requirements .the company is required to maintain net capital in certain regulated subsidiaries within a number of jurisdictions , which is partially maintained by retaining cash and cash equivalent investments in those subsidiaries or jurisdictions .as a result , such subsidiaries of the company may be restricted in their ability to transfer cash between different jurisdictions and to their parents .additionally , transfers of cash between international jurisdictions may have adverse tax consequences that could discourage such transfers .blackrock institutional trust company , n.a .( 201cbtc 201d ) is chartered as a national bank that does not accept client deposits and whose powers are limited to trust and other fiduciary activities .btc provides investment management services , including investment advisory and securities lending agency services , to institutional clients .btc is subject to regulatory capital and liquid asset requirements administered by the office of the comptroller of the currency .at december 31 , 2017 and 2016 , the company was required to maintain approximately $ 1.8 billion and $ 1.4 billion , respectively , in net capital in certain regulated subsidiaries , including btc , entities regulated by the financial conduct authority and prudential regulation authority in the united kingdom , and the company 2019s broker-dealers .the company was in compliance with all applicable regulatory net capital requirements .undistributed earnings of foreign subsidiaries .as a result of the 2017 tax act and the one-time mandatory deemed repatriation tax on untaxed accumulated foreign earnings , a provisional amount of u.s .income taxes was provided on the undistributed foreign earnings .the financial statement basis in excess of tax basis of its foreign subsidiaries remains indefinitely reinvested in foreign operations .the company will continue to evaluate its capital management plans throughout 2018 .short-term borrowings 2017 revolving credit facility .the company 2019s credit facility has an aggregate commitment amount of $ 4.0 billion and was amended in april 2017 to extend the maturity date to april 2022 ( the 201c2017 credit facility 201d ) .the 2017 credit facility permits the company to request up to an additional $ 1.0 billion of borrowing capacity , subject to lender credit approval , increasing the overall size of the 2017 credit facility to an aggregate principal amount not to exceed $ 5.0 billion .interest on borrowings outstanding accrues at a rate based on the applicable london interbank offered rate plus a spread .the 2017 credit facility requires the company .
Question: what is the net change in total liquidity resources from 2016 to 2017?
Steps: subtract(10831, 10038)
Answer: 793.0
Question: what is that change divided by the 2016 value?
| convfinqa2220 |
advance auto parts , inc .and subsidiaries notes to consolidated financial statements 2013 ( continued ) december 30 , 2006 , december 31 , 2005 and january 1 , 2005 ( in thousands , except per share data ) 8 .inventories , net inventories are stated at the lower of cost or market , cost being determined using the last-in , first-out ( "lifo" ) method for approximately 93% ( 93 % ) of inventories at both december 30 , 2006 and december 31 , 2005 .under the lifo method , the company 2019s cost of sales reflects the costs of the most currently purchased inventories while the inventory carrying balance represents the costs relating to prices paid in prior years .the company 2019s costs to acquire inventory have been generally decreasing in recent years as a result of its significant growth .accordingly , the cost to replace inventory is less than the lifo balances carried for similar product .as a result of the lifo method and the ability to obtain lower product costs , the company recorded a reduction to cost of sales of $ 9978 for fiscal year ended 2006 , an increase in cost of sales of $ 526 for fiscal year ended 2005 and a reduction to cost of sales of $ 11212 for fiscal year ended 2004 .the remaining inventories are comprised of product cores , which consist of the non-consumable portion of certain parts and batteries and are valued under the first-in , first-out ( "fifo" ) method .core values are included as part of our merchandise costs and are either passed on to the customer or returned to the vendor .additionally , these products are not subject to the frequent cost changes like our other merchandise inventory , thus , there is no material difference from applying either the lifo or fifo valuation methods .the company capitalizes certain purchasing and warehousing costs into inventory .purchasing and warehousing costs included in inventory , at fifo , at december 30 , 2006 and december 31 , 2005 , were $ 95576 and $ 92833 , respectively .inventories consist of the following : december 30 , december 31 , 2006 2005 . | december 30 2006 | december 31 2005
inventories at fifo net | $ 1380573 | $ 1294310
adjustments to state inventories at lifo | 82767 | 72789
inventories at lifo net | $ 1463340 | $ 1367099 replacement cost approximated fifo cost at december 30 , 2006 and december 31 , 2005 .inventory quantities are tracked through a perpetual inventory system .the company uses a cycle counting program in all distribution centers , parts delivered quickly warehouses , or pdqs , local area warehouses , or laws , and retail stores to ensure the accuracy of the perpetual inventory quantities of both merchandise and core inventory .the company establishes reserves for estimated shrink based on historical accuracy and effectiveness of the cycle counting program .the company also establishes reserves for potentially excess and obsolete inventories based on current inventory levels and the historical analysis of product sales and current market conditions .the nature of the company 2019s inventory is such that the risk of obsolescence is minimal and excess inventory has historically been returned to the company 2019s vendors for credit .the company provides reserves when less than full credit is expected from a vendor or when liquidating product will result in retail prices below recorded costs .the company 2019s reserves against inventory for these matters were $ 31376 and $ 22825 at december 30 , 2006 and december 31 , 2005 , respectively .9 .property and equipment : property and equipment are stated at cost , less accumulated depreciation .expenditures for maintenance and repairs are charged directly to expense when incurred ; major improvements are capitalized .when items are sold or retired , the related cost and accumulated depreciation are removed from the accounts , with any gain or loss reflected in the consolidated statements of operations .depreciation of land improvements , buildings , furniture , fixtures and equipment , and vehicles is provided over the estimated useful lives , which range from 2 to 40 years , of the respective assets using the straight-line method. .
Question: what was the change in the total of inventories due to the adoption of lifo during 2006?
| 82767.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
advance auto parts , inc .and subsidiaries notes to consolidated financial statements 2013 ( continued ) december 30 , 2006 , december 31 , 2005 and january 1 , 2005 ( in thousands , except per share data ) 8 .inventories , net inventories are stated at the lower of cost or market , cost being determined using the last-in , first-out ( "lifo" ) method for approximately 93% ( 93 % ) of inventories at both december 30 , 2006 and december 31 , 2005 .under the lifo method , the company 2019s cost of sales reflects the costs of the most currently purchased inventories while the inventory carrying balance represents the costs relating to prices paid in prior years .the company 2019s costs to acquire inventory have been generally decreasing in recent years as a result of its significant growth .accordingly , the cost to replace inventory is less than the lifo balances carried for similar product .as a result of the lifo method and the ability to obtain lower product costs , the company recorded a reduction to cost of sales of $ 9978 for fiscal year ended 2006 , an increase in cost of sales of $ 526 for fiscal year ended 2005 and a reduction to cost of sales of $ 11212 for fiscal year ended 2004 .the remaining inventories are comprised of product cores , which consist of the non-consumable portion of certain parts and batteries and are valued under the first-in , first-out ( "fifo" ) method .core values are included as part of our merchandise costs and are either passed on to the customer or returned to the vendor .additionally , these products are not subject to the frequent cost changes like our other merchandise inventory , thus , there is no material difference from applying either the lifo or fifo valuation methods .the company capitalizes certain purchasing and warehousing costs into inventory .purchasing and warehousing costs included in inventory , at fifo , at december 30 , 2006 and december 31 , 2005 , were $ 95576 and $ 92833 , respectively .inventories consist of the following : december 30 , december 31 , 2006 2005 . | december 30 2006 | december 31 2005
inventories at fifo net | $ 1380573 | $ 1294310
adjustments to state inventories at lifo | 82767 | 72789
inventories at lifo net | $ 1463340 | $ 1367099 replacement cost approximated fifo cost at december 30 , 2006 and december 31 , 2005 .inventory quantities are tracked through a perpetual inventory system .the company uses a cycle counting program in all distribution centers , parts delivered quickly warehouses , or pdqs , local area warehouses , or laws , and retail stores to ensure the accuracy of the perpetual inventory quantities of both merchandise and core inventory .the company establishes reserves for estimated shrink based on historical accuracy and effectiveness of the cycle counting program .the company also establishes reserves for potentially excess and obsolete inventories based on current inventory levels and the historical analysis of product sales and current market conditions .the nature of the company 2019s inventory is such that the risk of obsolescence is minimal and excess inventory has historically been returned to the company 2019s vendors for credit .the company provides reserves when less than full credit is expected from a vendor or when liquidating product will result in retail prices below recorded costs .the company 2019s reserves against inventory for these matters were $ 31376 and $ 22825 at december 30 , 2006 and december 31 , 2005 , respectively .9 .property and equipment : property and equipment are stated at cost , less accumulated depreciation .expenditures for maintenance and repairs are charged directly to expense when incurred ; major improvements are capitalized .when items are sold or retired , the related cost and accumulated depreciation are removed from the accounts , with any gain or loss reflected in the consolidated statements of operations .depreciation of land improvements , buildings , furniture , fixtures and equipment , and vehicles is provided over the estimated useful lives , which range from 2 to 40 years , of the respective assets using the straight-line method. .
Question: what was the change in the total of inventories due to the adoption of lifo during 2006?
| convfinqa2221 |
advance auto parts , inc .and subsidiaries notes to consolidated financial statements 2013 ( continued ) december 30 , 2006 , december 31 , 2005 and january 1 , 2005 ( in thousands , except per share data ) 8 .inventories , net inventories are stated at the lower of cost or market , cost being determined using the last-in , first-out ( "lifo" ) method for approximately 93% ( 93 % ) of inventories at both december 30 , 2006 and december 31 , 2005 .under the lifo method , the company 2019s cost of sales reflects the costs of the most currently purchased inventories while the inventory carrying balance represents the costs relating to prices paid in prior years .the company 2019s costs to acquire inventory have been generally decreasing in recent years as a result of its significant growth .accordingly , the cost to replace inventory is less than the lifo balances carried for similar product .as a result of the lifo method and the ability to obtain lower product costs , the company recorded a reduction to cost of sales of $ 9978 for fiscal year ended 2006 , an increase in cost of sales of $ 526 for fiscal year ended 2005 and a reduction to cost of sales of $ 11212 for fiscal year ended 2004 .the remaining inventories are comprised of product cores , which consist of the non-consumable portion of certain parts and batteries and are valued under the first-in , first-out ( "fifo" ) method .core values are included as part of our merchandise costs and are either passed on to the customer or returned to the vendor .additionally , these products are not subject to the frequent cost changes like our other merchandise inventory , thus , there is no material difference from applying either the lifo or fifo valuation methods .the company capitalizes certain purchasing and warehousing costs into inventory .purchasing and warehousing costs included in inventory , at fifo , at december 30 , 2006 and december 31 , 2005 , were $ 95576 and $ 92833 , respectively .inventories consist of the following : december 30 , december 31 , 2006 2005 . | december 30 2006 | december 31 2005
inventories at fifo net | $ 1380573 | $ 1294310
adjustments to state inventories at lifo | 82767 | 72789
inventories at lifo net | $ 1463340 | $ 1367099 replacement cost approximated fifo cost at december 30 , 2006 and december 31 , 2005 .inventory quantities are tracked through a perpetual inventory system .the company uses a cycle counting program in all distribution centers , parts delivered quickly warehouses , or pdqs , local area warehouses , or laws , and retail stores to ensure the accuracy of the perpetual inventory quantities of both merchandise and core inventory .the company establishes reserves for estimated shrink based on historical accuracy and effectiveness of the cycle counting program .the company also establishes reserves for potentially excess and obsolete inventories based on current inventory levels and the historical analysis of product sales and current market conditions .the nature of the company 2019s inventory is such that the risk of obsolescence is minimal and excess inventory has historically been returned to the company 2019s vendors for credit .the company provides reserves when less than full credit is expected from a vendor or when liquidating product will result in retail prices below recorded costs .the company 2019s reserves against inventory for these matters were $ 31376 and $ 22825 at december 30 , 2006 and december 31 , 2005 , respectively .9 .property and equipment : property and equipment are stated at cost , less accumulated depreciation .expenditures for maintenance and repairs are charged directly to expense when incurred ; major improvements are capitalized .when items are sold or retired , the related cost and accumulated depreciation are removed from the accounts , with any gain or loss reflected in the consolidated statements of operations .depreciation of land improvements , buildings , furniture , fixtures and equipment , and vehicles is provided over the estimated useful lives , which range from 2 to 40 years , of the respective assets using the straight-line method. .
Question: what was the change in the total of inventories due to the adoption of lifo during 2006?
Steps: Ask for number 82767
Answer: 82767.0
Question: and what was that total in the beginning of the year?
| 1380573.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
advance auto parts , inc .and subsidiaries notes to consolidated financial statements 2013 ( continued ) december 30 , 2006 , december 31 , 2005 and january 1 , 2005 ( in thousands , except per share data ) 8 .inventories , net inventories are stated at the lower of cost or market , cost being determined using the last-in , first-out ( "lifo" ) method for approximately 93% ( 93 % ) of inventories at both december 30 , 2006 and december 31 , 2005 .under the lifo method , the company 2019s cost of sales reflects the costs of the most currently purchased inventories while the inventory carrying balance represents the costs relating to prices paid in prior years .the company 2019s costs to acquire inventory have been generally decreasing in recent years as a result of its significant growth .accordingly , the cost to replace inventory is less than the lifo balances carried for similar product .as a result of the lifo method and the ability to obtain lower product costs , the company recorded a reduction to cost of sales of $ 9978 for fiscal year ended 2006 , an increase in cost of sales of $ 526 for fiscal year ended 2005 and a reduction to cost of sales of $ 11212 for fiscal year ended 2004 .the remaining inventories are comprised of product cores , which consist of the non-consumable portion of certain parts and batteries and are valued under the first-in , first-out ( "fifo" ) method .core values are included as part of our merchandise costs and are either passed on to the customer or returned to the vendor .additionally , these products are not subject to the frequent cost changes like our other merchandise inventory , thus , there is no material difference from applying either the lifo or fifo valuation methods .the company capitalizes certain purchasing and warehousing costs into inventory .purchasing and warehousing costs included in inventory , at fifo , at december 30 , 2006 and december 31 , 2005 , were $ 95576 and $ 92833 , respectively .inventories consist of the following : december 30 , december 31 , 2006 2005 . | december 30 2006 | december 31 2005
inventories at fifo net | $ 1380573 | $ 1294310
adjustments to state inventories at lifo | 82767 | 72789
inventories at lifo net | $ 1463340 | $ 1367099 replacement cost approximated fifo cost at december 30 , 2006 and december 31 , 2005 .inventory quantities are tracked through a perpetual inventory system .the company uses a cycle counting program in all distribution centers , parts delivered quickly warehouses , or pdqs , local area warehouses , or laws , and retail stores to ensure the accuracy of the perpetual inventory quantities of both merchandise and core inventory .the company establishes reserves for estimated shrink based on historical accuracy and effectiveness of the cycle counting program .the company also establishes reserves for potentially excess and obsolete inventories based on current inventory levels and the historical analysis of product sales and current market conditions .the nature of the company 2019s inventory is such that the risk of obsolescence is minimal and excess inventory has historically been returned to the company 2019s vendors for credit .the company provides reserves when less than full credit is expected from a vendor or when liquidating product will result in retail prices below recorded costs .the company 2019s reserves against inventory for these matters were $ 31376 and $ 22825 at december 30 , 2006 and december 31 , 2005 , respectively .9 .property and equipment : property and equipment are stated at cost , less accumulated depreciation .expenditures for maintenance and repairs are charged directly to expense when incurred ; major improvements are capitalized .when items are sold or retired , the related cost and accumulated depreciation are removed from the accounts , with any gain or loss reflected in the consolidated statements of operations .depreciation of land improvements , buildings , furniture , fixtures and equipment , and vehicles is provided over the estimated useful lives , which range from 2 to 40 years , of the respective assets using the straight-line method. .
Question: what was the change in the total of inventories due to the adoption of lifo during 2006?
Steps: Ask for number 82767
Answer: 82767.0
Question: and what was that total in the beginning of the year?
| convfinqa2222 |
advance auto parts , inc .and subsidiaries notes to consolidated financial statements 2013 ( continued ) december 30 , 2006 , december 31 , 2005 and january 1 , 2005 ( in thousands , except per share data ) 8 .inventories , net inventories are stated at the lower of cost or market , cost being determined using the last-in , first-out ( "lifo" ) method for approximately 93% ( 93 % ) of inventories at both december 30 , 2006 and december 31 , 2005 .under the lifo method , the company 2019s cost of sales reflects the costs of the most currently purchased inventories while the inventory carrying balance represents the costs relating to prices paid in prior years .the company 2019s costs to acquire inventory have been generally decreasing in recent years as a result of its significant growth .accordingly , the cost to replace inventory is less than the lifo balances carried for similar product .as a result of the lifo method and the ability to obtain lower product costs , the company recorded a reduction to cost of sales of $ 9978 for fiscal year ended 2006 , an increase in cost of sales of $ 526 for fiscal year ended 2005 and a reduction to cost of sales of $ 11212 for fiscal year ended 2004 .the remaining inventories are comprised of product cores , which consist of the non-consumable portion of certain parts and batteries and are valued under the first-in , first-out ( "fifo" ) method .core values are included as part of our merchandise costs and are either passed on to the customer or returned to the vendor .additionally , these products are not subject to the frequent cost changes like our other merchandise inventory , thus , there is no material difference from applying either the lifo or fifo valuation methods .the company capitalizes certain purchasing and warehousing costs into inventory .purchasing and warehousing costs included in inventory , at fifo , at december 30 , 2006 and december 31 , 2005 , were $ 95576 and $ 92833 , respectively .inventories consist of the following : december 30 , december 31 , 2006 2005 . | december 30 2006 | december 31 2005
inventories at fifo net | $ 1380573 | $ 1294310
adjustments to state inventories at lifo | 82767 | 72789
inventories at lifo net | $ 1463340 | $ 1367099 replacement cost approximated fifo cost at december 30 , 2006 and december 31 , 2005 .inventory quantities are tracked through a perpetual inventory system .the company uses a cycle counting program in all distribution centers , parts delivered quickly warehouses , or pdqs , local area warehouses , or laws , and retail stores to ensure the accuracy of the perpetual inventory quantities of both merchandise and core inventory .the company establishes reserves for estimated shrink based on historical accuracy and effectiveness of the cycle counting program .the company also establishes reserves for potentially excess and obsolete inventories based on current inventory levels and the historical analysis of product sales and current market conditions .the nature of the company 2019s inventory is such that the risk of obsolescence is minimal and excess inventory has historically been returned to the company 2019s vendors for credit .the company provides reserves when less than full credit is expected from a vendor or when liquidating product will result in retail prices below recorded costs .the company 2019s reserves against inventory for these matters were $ 31376 and $ 22825 at december 30 , 2006 and december 31 , 2005 , respectively .9 .property and equipment : property and equipment are stated at cost , less accumulated depreciation .expenditures for maintenance and repairs are charged directly to expense when incurred ; major improvements are capitalized .when items are sold or retired , the related cost and accumulated depreciation are removed from the accounts , with any gain or loss reflected in the consolidated statements of operations .depreciation of land improvements , buildings , furniture , fixtures and equipment , and vehicles is provided over the estimated useful lives , which range from 2 to 40 years , of the respective assets using the straight-line method. .
Question: what was the change in the total of inventories due to the adoption of lifo during 2006?
Steps: Ask for number 82767
Answer: 82767.0
Question: and what was that total in the beginning of the year?
Steps: Ask for number 1380573
Answer: 1380573.0
Question: how much, then, does that change represent in relation to this total, in percentage?
| 0.05995 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
advance auto parts , inc .and subsidiaries notes to consolidated financial statements 2013 ( continued ) december 30 , 2006 , december 31 , 2005 and january 1 , 2005 ( in thousands , except per share data ) 8 .inventories , net inventories are stated at the lower of cost or market , cost being determined using the last-in , first-out ( "lifo" ) method for approximately 93% ( 93 % ) of inventories at both december 30 , 2006 and december 31 , 2005 .under the lifo method , the company 2019s cost of sales reflects the costs of the most currently purchased inventories while the inventory carrying balance represents the costs relating to prices paid in prior years .the company 2019s costs to acquire inventory have been generally decreasing in recent years as a result of its significant growth .accordingly , the cost to replace inventory is less than the lifo balances carried for similar product .as a result of the lifo method and the ability to obtain lower product costs , the company recorded a reduction to cost of sales of $ 9978 for fiscal year ended 2006 , an increase in cost of sales of $ 526 for fiscal year ended 2005 and a reduction to cost of sales of $ 11212 for fiscal year ended 2004 .the remaining inventories are comprised of product cores , which consist of the non-consumable portion of certain parts and batteries and are valued under the first-in , first-out ( "fifo" ) method .core values are included as part of our merchandise costs and are either passed on to the customer or returned to the vendor .additionally , these products are not subject to the frequent cost changes like our other merchandise inventory , thus , there is no material difference from applying either the lifo or fifo valuation methods .the company capitalizes certain purchasing and warehousing costs into inventory .purchasing and warehousing costs included in inventory , at fifo , at december 30 , 2006 and december 31 , 2005 , were $ 95576 and $ 92833 , respectively .inventories consist of the following : december 30 , december 31 , 2006 2005 . | december 30 2006 | december 31 2005
inventories at fifo net | $ 1380573 | $ 1294310
adjustments to state inventories at lifo | 82767 | 72789
inventories at lifo net | $ 1463340 | $ 1367099 replacement cost approximated fifo cost at december 30 , 2006 and december 31 , 2005 .inventory quantities are tracked through a perpetual inventory system .the company uses a cycle counting program in all distribution centers , parts delivered quickly warehouses , or pdqs , local area warehouses , or laws , and retail stores to ensure the accuracy of the perpetual inventory quantities of both merchandise and core inventory .the company establishes reserves for estimated shrink based on historical accuracy and effectiveness of the cycle counting program .the company also establishes reserves for potentially excess and obsolete inventories based on current inventory levels and the historical analysis of product sales and current market conditions .the nature of the company 2019s inventory is such that the risk of obsolescence is minimal and excess inventory has historically been returned to the company 2019s vendors for credit .the company provides reserves when less than full credit is expected from a vendor or when liquidating product will result in retail prices below recorded costs .the company 2019s reserves against inventory for these matters were $ 31376 and $ 22825 at december 30 , 2006 and december 31 , 2005 , respectively .9 .property and equipment : property and equipment are stated at cost , less accumulated depreciation .expenditures for maintenance and repairs are charged directly to expense when incurred ; major improvements are capitalized .when items are sold or retired , the related cost and accumulated depreciation are removed from the accounts , with any gain or loss reflected in the consolidated statements of operations .depreciation of land improvements , buildings , furniture , fixtures and equipment , and vehicles is provided over the estimated useful lives , which range from 2 to 40 years , of the respective assets using the straight-line method. .
Question: what was the change in the total of inventories due to the adoption of lifo during 2006?
Steps: Ask for number 82767
Answer: 82767.0
Question: and what was that total in the beginning of the year?
Steps: Ask for number 1380573
Answer: 1380573.0
Question: how much, then, does that change represent in relation to this total, in percentage?
| convfinqa2223 |
advance auto parts , inc .and subsidiaries notes to consolidated financial statements 2013 ( continued ) december 30 , 2006 , december 31 , 2005 and january 1 , 2005 ( in thousands , except per share data ) 8 .inventories , net inventories are stated at the lower of cost or market , cost being determined using the last-in , first-out ( "lifo" ) method for approximately 93% ( 93 % ) of inventories at both december 30 , 2006 and december 31 , 2005 .under the lifo method , the company 2019s cost of sales reflects the costs of the most currently purchased inventories while the inventory carrying balance represents the costs relating to prices paid in prior years .the company 2019s costs to acquire inventory have been generally decreasing in recent years as a result of its significant growth .accordingly , the cost to replace inventory is less than the lifo balances carried for similar product .as a result of the lifo method and the ability to obtain lower product costs , the company recorded a reduction to cost of sales of $ 9978 for fiscal year ended 2006 , an increase in cost of sales of $ 526 for fiscal year ended 2005 and a reduction to cost of sales of $ 11212 for fiscal year ended 2004 .the remaining inventories are comprised of product cores , which consist of the non-consumable portion of certain parts and batteries and are valued under the first-in , first-out ( "fifo" ) method .core values are included as part of our merchandise costs and are either passed on to the customer or returned to the vendor .additionally , these products are not subject to the frequent cost changes like our other merchandise inventory , thus , there is no material difference from applying either the lifo or fifo valuation methods .the company capitalizes certain purchasing and warehousing costs into inventory .purchasing and warehousing costs included in inventory , at fifo , at december 30 , 2006 and december 31 , 2005 , were $ 95576 and $ 92833 , respectively .inventories consist of the following : december 30 , december 31 , 2006 2005 . | december 30 2006 | december 31 2005
inventories at fifo net | $ 1380573 | $ 1294310
adjustments to state inventories at lifo | 82767 | 72789
inventories at lifo net | $ 1463340 | $ 1367099 replacement cost approximated fifo cost at december 30 , 2006 and december 31 , 2005 .inventory quantities are tracked through a perpetual inventory system .the company uses a cycle counting program in all distribution centers , parts delivered quickly warehouses , or pdqs , local area warehouses , or laws , and retail stores to ensure the accuracy of the perpetual inventory quantities of both merchandise and core inventory .the company establishes reserves for estimated shrink based on historical accuracy and effectiveness of the cycle counting program .the company also establishes reserves for potentially excess and obsolete inventories based on current inventory levels and the historical analysis of product sales and current market conditions .the nature of the company 2019s inventory is such that the risk of obsolescence is minimal and excess inventory has historically been returned to the company 2019s vendors for credit .the company provides reserves when less than full credit is expected from a vendor or when liquidating product will result in retail prices below recorded costs .the company 2019s reserves against inventory for these matters were $ 31376 and $ 22825 at december 30 , 2006 and december 31 , 2005 , respectively .9 .property and equipment : property and equipment are stated at cost , less accumulated depreciation .expenditures for maintenance and repairs are charged directly to expense when incurred ; major improvements are capitalized .when items are sold or retired , the related cost and accumulated depreciation are removed from the accounts , with any gain or loss reflected in the consolidated statements of operations .depreciation of land improvements , buildings , furniture , fixtures and equipment , and vehicles is provided over the estimated useful lives , which range from 2 to 40 years , of the respective assets using the straight-line method. .
Question: what was the change in the total of inventories due to the adoption of lifo during 2006?
Steps: Ask for number 82767
Answer: 82767.0
Question: and what was that total in the beginning of the year?
Steps: Ask for number 1380573
Answer: 1380573.0
Question: how much, then, does that change represent in relation to this total, in percentage?
Steps: divide(82767, 1380573)
Answer: 0.05995
Question: and for the year of 2005, how much does the change in the total of inventories represent in relation to that in the beginning of the year, in percentage?
| 0.05624 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
advance auto parts , inc .and subsidiaries notes to consolidated financial statements 2013 ( continued ) december 30 , 2006 , december 31 , 2005 and january 1 , 2005 ( in thousands , except per share data ) 8 .inventories , net inventories are stated at the lower of cost or market , cost being determined using the last-in , first-out ( "lifo" ) method for approximately 93% ( 93 % ) of inventories at both december 30 , 2006 and december 31 , 2005 .under the lifo method , the company 2019s cost of sales reflects the costs of the most currently purchased inventories while the inventory carrying balance represents the costs relating to prices paid in prior years .the company 2019s costs to acquire inventory have been generally decreasing in recent years as a result of its significant growth .accordingly , the cost to replace inventory is less than the lifo balances carried for similar product .as a result of the lifo method and the ability to obtain lower product costs , the company recorded a reduction to cost of sales of $ 9978 for fiscal year ended 2006 , an increase in cost of sales of $ 526 for fiscal year ended 2005 and a reduction to cost of sales of $ 11212 for fiscal year ended 2004 .the remaining inventories are comprised of product cores , which consist of the non-consumable portion of certain parts and batteries and are valued under the first-in , first-out ( "fifo" ) method .core values are included as part of our merchandise costs and are either passed on to the customer or returned to the vendor .additionally , these products are not subject to the frequent cost changes like our other merchandise inventory , thus , there is no material difference from applying either the lifo or fifo valuation methods .the company capitalizes certain purchasing and warehousing costs into inventory .purchasing and warehousing costs included in inventory , at fifo , at december 30 , 2006 and december 31 , 2005 , were $ 95576 and $ 92833 , respectively .inventories consist of the following : december 30 , december 31 , 2006 2005 . | december 30 2006 | december 31 2005
inventories at fifo net | $ 1380573 | $ 1294310
adjustments to state inventories at lifo | 82767 | 72789
inventories at lifo net | $ 1463340 | $ 1367099 replacement cost approximated fifo cost at december 30 , 2006 and december 31 , 2005 .inventory quantities are tracked through a perpetual inventory system .the company uses a cycle counting program in all distribution centers , parts delivered quickly warehouses , or pdqs , local area warehouses , or laws , and retail stores to ensure the accuracy of the perpetual inventory quantities of both merchandise and core inventory .the company establishes reserves for estimated shrink based on historical accuracy and effectiveness of the cycle counting program .the company also establishes reserves for potentially excess and obsolete inventories based on current inventory levels and the historical analysis of product sales and current market conditions .the nature of the company 2019s inventory is such that the risk of obsolescence is minimal and excess inventory has historically been returned to the company 2019s vendors for credit .the company provides reserves when less than full credit is expected from a vendor or when liquidating product will result in retail prices below recorded costs .the company 2019s reserves against inventory for these matters were $ 31376 and $ 22825 at december 30 , 2006 and december 31 , 2005 , respectively .9 .property and equipment : property and equipment are stated at cost , less accumulated depreciation .expenditures for maintenance and repairs are charged directly to expense when incurred ; major improvements are capitalized .when items are sold or retired , the related cost and accumulated depreciation are removed from the accounts , with any gain or loss reflected in the consolidated statements of operations .depreciation of land improvements , buildings , furniture , fixtures and equipment , and vehicles is provided over the estimated useful lives , which range from 2 to 40 years , of the respective assets using the straight-line method. .
Question: what was the change in the total of inventories due to the adoption of lifo during 2006?
Steps: Ask for number 82767
Answer: 82767.0
Question: and what was that total in the beginning of the year?
Steps: Ask for number 1380573
Answer: 1380573.0
Question: how much, then, does that change represent in relation to this total, in percentage?
Steps: divide(82767, 1380573)
Answer: 0.05995
Question: and for the year of 2005, how much does the change in the total of inventories represent in relation to that in the beginning of the year, in percentage?
| convfinqa2224 |
apple inc .| 2016 form 10-k | 20 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 24 , 2016 .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 23 , 2011 .note that historic stock price performance is not necessarily indicative of future stock price performance .* $ 100 invested on 9/23/11 in stock or index , including reinvestment of dividends .data points are the last day of each fiscal year for the company 2019s common stock and september 30th for indexes .copyright a9 2016 s&p , a division of mcgraw hill financial .all rights reserved .copyright a9 2016 dow jones & co .all rights reserved .september september september september september september . | september2011 | september2012 | september2013 | september2014 | september2015 | september2016
apple inc . | $ 100 | $ 166 | $ 123 | $ 183 | $ 212 | $ 213
s&p 500 index | $ 100 | $ 130 | $ 155 | $ 186 | $ 185 | $ 213
s&p information technology index | $ 100 | $ 132 | $ 142 | $ 183 | $ 187 | $ 230
dow jones u.s . technology supersector index | $ 100 | $ 130 | $ 137 | $ 178 | $ 177 | $ 217 .
Question: what was the value of apple inc. in 2014?
| 183.0 | 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.
apple inc .| 2016 form 10-k | 20 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 24 , 2016 .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 23 , 2011 .note that historic stock price performance is not necessarily indicative of future stock price performance .* $ 100 invested on 9/23/11 in stock or index , including reinvestment of dividends .data points are the last day of each fiscal year for the company 2019s common stock and september 30th for indexes .copyright a9 2016 s&p , a division of mcgraw hill financial .all rights reserved .copyright a9 2016 dow jones & co .all rights reserved .september september september september september september . | september2011 | september2012 | september2013 | september2014 | september2015 | september2016
apple inc . | $ 100 | $ 166 | $ 123 | $ 183 | $ 212 | $ 213
s&p 500 index | $ 100 | $ 130 | $ 155 | $ 186 | $ 185 | $ 213
s&p information technology index | $ 100 | $ 132 | $ 142 | $ 183 | $ 187 | $ 230
dow jones u.s . technology supersector index | $ 100 | $ 130 | $ 137 | $ 178 | $ 177 | $ 217 .
Question: what was the value of apple inc. in 2014?
| convfinqa2225 |
apple inc .| 2016 form 10-k | 20 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 24 , 2016 .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 23 , 2011 .note that historic stock price performance is not necessarily indicative of future stock price performance .* $ 100 invested on 9/23/11 in stock or index , including reinvestment of dividends .data points are the last day of each fiscal year for the company 2019s common stock and september 30th for indexes .copyright a9 2016 s&p , a division of mcgraw hill financial .all rights reserved .copyright a9 2016 dow jones & co .all rights reserved .september september september september september september . | september2011 | september2012 | september2013 | september2014 | september2015 | september2016
apple inc . | $ 100 | $ 166 | $ 123 | $ 183 | $ 212 | $ 213
s&p 500 index | $ 100 | $ 130 | $ 155 | $ 186 | $ 185 | $ 213
s&p information technology index | $ 100 | $ 132 | $ 142 | $ 183 | $ 187 | $ 230
dow jones u.s . technology supersector index | $ 100 | $ 130 | $ 137 | $ 178 | $ 177 | $ 217 .
Question: what was the value of apple inc. in 2014?
Steps: Ask for number 183
Answer: 183.0
Question: and what was it in 2013?
| 123.0 | 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.
apple inc .| 2016 form 10-k | 20 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 24 , 2016 .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 23 , 2011 .note that historic stock price performance is not necessarily indicative of future stock price performance .* $ 100 invested on 9/23/11 in stock or index , including reinvestment of dividends .data points are the last day of each fiscal year for the company 2019s common stock and september 30th for indexes .copyright a9 2016 s&p , a division of mcgraw hill financial .all rights reserved .copyright a9 2016 dow jones & co .all rights reserved .september september september september september september . | september2011 | september2012 | september2013 | september2014 | september2015 | september2016
apple inc . | $ 100 | $ 166 | $ 123 | $ 183 | $ 212 | $ 213
s&p 500 index | $ 100 | $ 130 | $ 155 | $ 186 | $ 185 | $ 213
s&p information technology index | $ 100 | $ 132 | $ 142 | $ 183 | $ 187 | $ 230
dow jones u.s . technology supersector index | $ 100 | $ 130 | $ 137 | $ 178 | $ 177 | $ 217 .
Question: what was the value of apple inc. in 2014?
Steps: Ask for number 183
Answer: 183.0
Question: and what was it in 2013?
| convfinqa2226 |
apple inc .| 2016 form 10-k | 20 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 24 , 2016 .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 23 , 2011 .note that historic stock price performance is not necessarily indicative of future stock price performance .* $ 100 invested on 9/23/11 in stock or index , including reinvestment of dividends .data points are the last day of each fiscal year for the company 2019s common stock and september 30th for indexes .copyright a9 2016 s&p , a division of mcgraw hill financial .all rights reserved .copyright a9 2016 dow jones & co .all rights reserved .september september september september september september . | september2011 | september2012 | september2013 | september2014 | september2015 | september2016
apple inc . | $ 100 | $ 166 | $ 123 | $ 183 | $ 212 | $ 213
s&p 500 index | $ 100 | $ 130 | $ 155 | $ 186 | $ 185 | $ 213
s&p information technology index | $ 100 | $ 132 | $ 142 | $ 183 | $ 187 | $ 230
dow jones u.s . technology supersector index | $ 100 | $ 130 | $ 137 | $ 178 | $ 177 | $ 217 .
Question: what was the value of apple inc. in 2014?
Steps: Ask for number 183
Answer: 183.0
Question: and what was it in 2013?
Steps: Ask for number 123
Answer: 123.0
Question: what was, then, the change in value from 2013 to 2014?
| 60.0 | 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.
apple inc .| 2016 form 10-k | 20 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 24 , 2016 .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 23 , 2011 .note that historic stock price performance is not necessarily indicative of future stock price performance .* $ 100 invested on 9/23/11 in stock or index , including reinvestment of dividends .data points are the last day of each fiscal year for the company 2019s common stock and september 30th for indexes .copyright a9 2016 s&p , a division of mcgraw hill financial .all rights reserved .copyright a9 2016 dow jones & co .all rights reserved .september september september september september september . | september2011 | september2012 | september2013 | september2014 | september2015 | september2016
apple inc . | $ 100 | $ 166 | $ 123 | $ 183 | $ 212 | $ 213
s&p 500 index | $ 100 | $ 130 | $ 155 | $ 186 | $ 185 | $ 213
s&p information technology index | $ 100 | $ 132 | $ 142 | $ 183 | $ 187 | $ 230
dow jones u.s . technology supersector index | $ 100 | $ 130 | $ 137 | $ 178 | $ 177 | $ 217 .
Question: what was the value of apple inc. in 2014?
Steps: Ask for number 183
Answer: 183.0
Question: and what was it in 2013?
Steps: Ask for number 123
Answer: 123.0
Question: what was, then, the change in value from 2013 to 2014?
| convfinqa2227 |
apple inc .| 2016 form 10-k | 20 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 24 , 2016 .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 23 , 2011 .note that historic stock price performance is not necessarily indicative of future stock price performance .* $ 100 invested on 9/23/11 in stock or index , including reinvestment of dividends .data points are the last day of each fiscal year for the company 2019s common stock and september 30th for indexes .copyright a9 2016 s&p , a division of mcgraw hill financial .all rights reserved .copyright a9 2016 dow jones & co .all rights reserved .september september september september september september . | september2011 | september2012 | september2013 | september2014 | september2015 | september2016
apple inc . | $ 100 | $ 166 | $ 123 | $ 183 | $ 212 | $ 213
s&p 500 index | $ 100 | $ 130 | $ 155 | $ 186 | $ 185 | $ 213
s&p information technology index | $ 100 | $ 132 | $ 142 | $ 183 | $ 187 | $ 230
dow jones u.s . technology supersector index | $ 100 | $ 130 | $ 137 | $ 178 | $ 177 | $ 217 .
Question: what was the value of apple inc. in 2014?
Steps: Ask for number 183
Answer: 183.0
Question: and what was it in 2013?
Steps: Ask for number 123
Answer: 123.0
Question: what was, then, the change in value from 2013 to 2014?
Steps: subtract(183, 123)
Answer: 60.0
Question: and how much does that change represent in relation to the 2013 apple inc. value?
| 0.4878 | 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.
apple inc .| 2016 form 10-k | 20 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 24 , 2016 .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 23 , 2011 .note that historic stock price performance is not necessarily indicative of future stock price performance .* $ 100 invested on 9/23/11 in stock or index , including reinvestment of dividends .data points are the last day of each fiscal year for the company 2019s common stock and september 30th for indexes .copyright a9 2016 s&p , a division of mcgraw hill financial .all rights reserved .copyright a9 2016 dow jones & co .all rights reserved .september september september september september september . | september2011 | september2012 | september2013 | september2014 | september2015 | september2016
apple inc . | $ 100 | $ 166 | $ 123 | $ 183 | $ 212 | $ 213
s&p 500 index | $ 100 | $ 130 | $ 155 | $ 186 | $ 185 | $ 213
s&p information technology index | $ 100 | $ 132 | $ 142 | $ 183 | $ 187 | $ 230
dow jones u.s . technology supersector index | $ 100 | $ 130 | $ 137 | $ 178 | $ 177 | $ 217 .
Question: what was the value of apple inc. in 2014?
Steps: Ask for number 183
Answer: 183.0
Question: and what was it in 2013?
Steps: Ask for number 123
Answer: 123.0
Question: what was, then, the change in value from 2013 to 2014?
Steps: subtract(183, 123)
Answer: 60.0
Question: and how much does that change represent in relation to the 2013 apple inc. value?
| convfinqa2228 |
n o t e s t o c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s ( continued ) ace limited and subsidiaries share-based compensation expense for stock options and shares issued under the employee stock purchase plan ( espp ) amounted to $ 24 million ( $ 22 million after tax or $ 0.07 per basic and diluted share ) , $ 23 million ( $ 21 million after tax or $ 0.06 per basic and diluted share ) , and $ 20 million ( $ 18 million after tax or $ 0.05 per basic and diluted share ) for the years ended december 31 , 2008 , 2007 , and 2006 , respectively .for the years ended december 31 , 2008 , 2007 and 2006 , the expense for the restricted stock was $ 101 million ( $ 71 million after tax ) , $ 77 million ( $ 57 million after tax ) , and $ 65 million ( $ 49 million after tax ) , respectively .during 2004 , the company established the ace limited 2004 long-term incentive plan ( the 2004 ltip ) .once the 2004 ltip was approved by shareholders , it became effective february 25 , 2004 .it will continue in effect until terminated by the board .this plan replaced the ace limited 1995 long-term incentive plan , the ace limited 1995 outside directors plan , the ace limited 1998 long-term incentive plan , and the ace limited 1999 replacement long-term incentive plan ( the prior plans ) except as to outstanding awards .during the company 2019s 2008 annual general meeting , shareholders voted to increase the number of common shares authorized to be issued under the 2004 ltip from 15000000 common shares to 19000000 common shares .accordingly , under the 2004 ltip , a total of 19000000 common shares of the company are authorized to be issued pursuant to awards made as stock options , stock appreciation rights , performance shares , performance units , restricted stock , and restricted stock units .the maximum number of shares that may be delivered to participants and their beneficiaries under the 2004 ltip shall be equal to the sum of : ( i ) 19000000 shares ; and ( ii ) any shares that are represented by awards granted under the prior plans that are forfeited , expired , or are canceled after the effective date of the 2004 ltip , without delivery of shares or which result in the forfeiture of the shares back to the company to the extent that such shares would have been added back to the reserve under the terms of the applicable prior plan .as of december 31 , 2008 , a total of 10591090 shares remain available for future issuance under this plan .under the 2004 ltip , 3000000 common shares are authorized to be issued under the espp .as of december 31 , 2008 , a total of 989812 common shares remain available for issuance under the espp .stock options the company 2019s 2004 ltip provides for grants of both incentive and non-qualified stock options principally at an option price per share of 100 percent of the fair value of the company 2019s common shares on the date of grant .stock options are generally granted with a 3-year vesting period and a 10-year term .the stock options vest in equal annual installments over the respective vesting period , which is also the requisite service period .included in the company 2019s share-based compensation expense in the year ended december 31 , 2008 , is the cost related to the unvested portion of the 2005-2008 stock option grants .the fair value of the stock options was estimated on the date of grant using the black-scholes option-pricing model that uses the assumptions noted in the following table .the risk-free inter- est rate is based on the u.s .treasury yield curve in effect at the time of grant .the expected life ( estimated period of time from grant to exercise date ) was estimated using the historical exercise behavior of employees .expected volatility was calculated as a blend of ( a ) historical volatility based on daily closing prices over a period equal to the expected life assumption , ( b ) long- term historical volatility based on daily closing prices over the period from ace 2019s initial public trading date through the most recent quarter , and ( c ) implied volatility derived from ace 2019s publicly traded options .the fair value of the options issued is estimated on the date of grant using the black-scholes option-pricing model , with the following weighted-average assumptions used for grants for the years indicated: . | 2008 | 2007 | 2006
dividend yield | 1.80% ( 1.80 % ) | 1.78% ( 1.78 % ) | 1.64% ( 1.64 % )
expected volatility | 32.20% ( 32.20 % ) | 27.43% ( 27.43 % ) | 31.29% ( 31.29 % )
risk-free interest rate | 3.15% ( 3.15 % ) | 4.51% ( 4.51 % ) | 4.60% ( 4.60 % )
forfeiture rate | 7.5% ( 7.5 % ) | 7.5% ( 7.5 % ) | 7.5% ( 7.5 % )
expected life | 5.7 years | 5.6 years | 6 years .
Question: what is the risk-free interest rate in 2008?
| 3.15 | 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.
n o t e s t o c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s ( continued ) ace limited and subsidiaries share-based compensation expense for stock options and shares issued under the employee stock purchase plan ( espp ) amounted to $ 24 million ( $ 22 million after tax or $ 0.07 per basic and diluted share ) , $ 23 million ( $ 21 million after tax or $ 0.06 per basic and diluted share ) , and $ 20 million ( $ 18 million after tax or $ 0.05 per basic and diluted share ) for the years ended december 31 , 2008 , 2007 , and 2006 , respectively .for the years ended december 31 , 2008 , 2007 and 2006 , the expense for the restricted stock was $ 101 million ( $ 71 million after tax ) , $ 77 million ( $ 57 million after tax ) , and $ 65 million ( $ 49 million after tax ) , respectively .during 2004 , the company established the ace limited 2004 long-term incentive plan ( the 2004 ltip ) .once the 2004 ltip was approved by shareholders , it became effective february 25 , 2004 .it will continue in effect until terminated by the board .this plan replaced the ace limited 1995 long-term incentive plan , the ace limited 1995 outside directors plan , the ace limited 1998 long-term incentive plan , and the ace limited 1999 replacement long-term incentive plan ( the prior plans ) except as to outstanding awards .during the company 2019s 2008 annual general meeting , shareholders voted to increase the number of common shares authorized to be issued under the 2004 ltip from 15000000 common shares to 19000000 common shares .accordingly , under the 2004 ltip , a total of 19000000 common shares of the company are authorized to be issued pursuant to awards made as stock options , stock appreciation rights , performance shares , performance units , restricted stock , and restricted stock units .the maximum number of shares that may be delivered to participants and their beneficiaries under the 2004 ltip shall be equal to the sum of : ( i ) 19000000 shares ; and ( ii ) any shares that are represented by awards granted under the prior plans that are forfeited , expired , or are canceled after the effective date of the 2004 ltip , without delivery of shares or which result in the forfeiture of the shares back to the company to the extent that such shares would have been added back to the reserve under the terms of the applicable prior plan .as of december 31 , 2008 , a total of 10591090 shares remain available for future issuance under this plan .under the 2004 ltip , 3000000 common shares are authorized to be issued under the espp .as of december 31 , 2008 , a total of 989812 common shares remain available for issuance under the espp .stock options the company 2019s 2004 ltip provides for grants of both incentive and non-qualified stock options principally at an option price per share of 100 percent of the fair value of the company 2019s common shares on the date of grant .stock options are generally granted with a 3-year vesting period and a 10-year term .the stock options vest in equal annual installments over the respective vesting period , which is also the requisite service period .included in the company 2019s share-based compensation expense in the year ended december 31 , 2008 , is the cost related to the unvested portion of the 2005-2008 stock option grants .the fair value of the stock options was estimated on the date of grant using the black-scholes option-pricing model that uses the assumptions noted in the following table .the risk-free inter- est rate is based on the u.s .treasury yield curve in effect at the time of grant .the expected life ( estimated period of time from grant to exercise date ) was estimated using the historical exercise behavior of employees .expected volatility was calculated as a blend of ( a ) historical volatility based on daily closing prices over a period equal to the expected life assumption , ( b ) long- term historical volatility based on daily closing prices over the period from ace 2019s initial public trading date through the most recent quarter , and ( c ) implied volatility derived from ace 2019s publicly traded options .the fair value of the options issued is estimated on the date of grant using the black-scholes option-pricing model , with the following weighted-average assumptions used for grants for the years indicated: . | 2008 | 2007 | 2006
dividend yield | 1.80% ( 1.80 % ) | 1.78% ( 1.78 % ) | 1.64% ( 1.64 % )
expected volatility | 32.20% ( 32.20 % ) | 27.43% ( 27.43 % ) | 31.29% ( 31.29 % )
risk-free interest rate | 3.15% ( 3.15 % ) | 4.51% ( 4.51 % ) | 4.60% ( 4.60 % )
forfeiture rate | 7.5% ( 7.5 % ) | 7.5% ( 7.5 % ) | 7.5% ( 7.5 % )
expected life | 5.7 years | 5.6 years | 6 years .
Question: what is the risk-free interest rate in 2008?
| convfinqa2229 |
n o t e s t o c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s ( continued ) ace limited and subsidiaries share-based compensation expense for stock options and shares issued under the employee stock purchase plan ( espp ) amounted to $ 24 million ( $ 22 million after tax or $ 0.07 per basic and diluted share ) , $ 23 million ( $ 21 million after tax or $ 0.06 per basic and diluted share ) , and $ 20 million ( $ 18 million after tax or $ 0.05 per basic and diluted share ) for the years ended december 31 , 2008 , 2007 , and 2006 , respectively .for the years ended december 31 , 2008 , 2007 and 2006 , the expense for the restricted stock was $ 101 million ( $ 71 million after tax ) , $ 77 million ( $ 57 million after tax ) , and $ 65 million ( $ 49 million after tax ) , respectively .during 2004 , the company established the ace limited 2004 long-term incentive plan ( the 2004 ltip ) .once the 2004 ltip was approved by shareholders , it became effective february 25 , 2004 .it will continue in effect until terminated by the board .this plan replaced the ace limited 1995 long-term incentive plan , the ace limited 1995 outside directors plan , the ace limited 1998 long-term incentive plan , and the ace limited 1999 replacement long-term incentive plan ( the prior plans ) except as to outstanding awards .during the company 2019s 2008 annual general meeting , shareholders voted to increase the number of common shares authorized to be issued under the 2004 ltip from 15000000 common shares to 19000000 common shares .accordingly , under the 2004 ltip , a total of 19000000 common shares of the company are authorized to be issued pursuant to awards made as stock options , stock appreciation rights , performance shares , performance units , restricted stock , and restricted stock units .the maximum number of shares that may be delivered to participants and their beneficiaries under the 2004 ltip shall be equal to the sum of : ( i ) 19000000 shares ; and ( ii ) any shares that are represented by awards granted under the prior plans that are forfeited , expired , or are canceled after the effective date of the 2004 ltip , without delivery of shares or which result in the forfeiture of the shares back to the company to the extent that such shares would have been added back to the reserve under the terms of the applicable prior plan .as of december 31 , 2008 , a total of 10591090 shares remain available for future issuance under this plan .under the 2004 ltip , 3000000 common shares are authorized to be issued under the espp .as of december 31 , 2008 , a total of 989812 common shares remain available for issuance under the espp .stock options the company 2019s 2004 ltip provides for grants of both incentive and non-qualified stock options principally at an option price per share of 100 percent of the fair value of the company 2019s common shares on the date of grant .stock options are generally granted with a 3-year vesting period and a 10-year term .the stock options vest in equal annual installments over the respective vesting period , which is also the requisite service period .included in the company 2019s share-based compensation expense in the year ended december 31 , 2008 , is the cost related to the unvested portion of the 2005-2008 stock option grants .the fair value of the stock options was estimated on the date of grant using the black-scholes option-pricing model that uses the assumptions noted in the following table .the risk-free inter- est rate is based on the u.s .treasury yield curve in effect at the time of grant .the expected life ( estimated period of time from grant to exercise date ) was estimated using the historical exercise behavior of employees .expected volatility was calculated as a blend of ( a ) historical volatility based on daily closing prices over a period equal to the expected life assumption , ( b ) long- term historical volatility based on daily closing prices over the period from ace 2019s initial public trading date through the most recent quarter , and ( c ) implied volatility derived from ace 2019s publicly traded options .the fair value of the options issued is estimated on the date of grant using the black-scholes option-pricing model , with the following weighted-average assumptions used for grants for the years indicated: . | 2008 | 2007 | 2006
dividend yield | 1.80% ( 1.80 % ) | 1.78% ( 1.78 % ) | 1.64% ( 1.64 % )
expected volatility | 32.20% ( 32.20 % ) | 27.43% ( 27.43 % ) | 31.29% ( 31.29 % )
risk-free interest rate | 3.15% ( 3.15 % ) | 4.51% ( 4.51 % ) | 4.60% ( 4.60 % )
forfeiture rate | 7.5% ( 7.5 % ) | 7.5% ( 7.5 % ) | 7.5% ( 7.5 % )
expected life | 5.7 years | 5.6 years | 6 years .
Question: what is the risk-free interest rate in 2008?
Steps: Ask for number 3.15
Answer: 3.15
Question: what about in 2007?
| 4.51 | 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.
n o t e s t o c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s ( continued ) ace limited and subsidiaries share-based compensation expense for stock options and shares issued under the employee stock purchase plan ( espp ) amounted to $ 24 million ( $ 22 million after tax or $ 0.07 per basic and diluted share ) , $ 23 million ( $ 21 million after tax or $ 0.06 per basic and diluted share ) , and $ 20 million ( $ 18 million after tax or $ 0.05 per basic and diluted share ) for the years ended december 31 , 2008 , 2007 , and 2006 , respectively .for the years ended december 31 , 2008 , 2007 and 2006 , the expense for the restricted stock was $ 101 million ( $ 71 million after tax ) , $ 77 million ( $ 57 million after tax ) , and $ 65 million ( $ 49 million after tax ) , respectively .during 2004 , the company established the ace limited 2004 long-term incentive plan ( the 2004 ltip ) .once the 2004 ltip was approved by shareholders , it became effective february 25 , 2004 .it will continue in effect until terminated by the board .this plan replaced the ace limited 1995 long-term incentive plan , the ace limited 1995 outside directors plan , the ace limited 1998 long-term incentive plan , and the ace limited 1999 replacement long-term incentive plan ( the prior plans ) except as to outstanding awards .during the company 2019s 2008 annual general meeting , shareholders voted to increase the number of common shares authorized to be issued under the 2004 ltip from 15000000 common shares to 19000000 common shares .accordingly , under the 2004 ltip , a total of 19000000 common shares of the company are authorized to be issued pursuant to awards made as stock options , stock appreciation rights , performance shares , performance units , restricted stock , and restricted stock units .the maximum number of shares that may be delivered to participants and their beneficiaries under the 2004 ltip shall be equal to the sum of : ( i ) 19000000 shares ; and ( ii ) any shares that are represented by awards granted under the prior plans that are forfeited , expired , or are canceled after the effective date of the 2004 ltip , without delivery of shares or which result in the forfeiture of the shares back to the company to the extent that such shares would have been added back to the reserve under the terms of the applicable prior plan .as of december 31 , 2008 , a total of 10591090 shares remain available for future issuance under this plan .under the 2004 ltip , 3000000 common shares are authorized to be issued under the espp .as of december 31 , 2008 , a total of 989812 common shares remain available for issuance under the espp .stock options the company 2019s 2004 ltip provides for grants of both incentive and non-qualified stock options principally at an option price per share of 100 percent of the fair value of the company 2019s common shares on the date of grant .stock options are generally granted with a 3-year vesting period and a 10-year term .the stock options vest in equal annual installments over the respective vesting period , which is also the requisite service period .included in the company 2019s share-based compensation expense in the year ended december 31 , 2008 , is the cost related to the unvested portion of the 2005-2008 stock option grants .the fair value of the stock options was estimated on the date of grant using the black-scholes option-pricing model that uses the assumptions noted in the following table .the risk-free inter- est rate is based on the u.s .treasury yield curve in effect at the time of grant .the expected life ( estimated period of time from grant to exercise date ) was estimated using the historical exercise behavior of employees .expected volatility was calculated as a blend of ( a ) historical volatility based on daily closing prices over a period equal to the expected life assumption , ( b ) long- term historical volatility based on daily closing prices over the period from ace 2019s initial public trading date through the most recent quarter , and ( c ) implied volatility derived from ace 2019s publicly traded options .the fair value of the options issued is estimated on the date of grant using the black-scholes option-pricing model , with the following weighted-average assumptions used for grants for the years indicated: . | 2008 | 2007 | 2006
dividend yield | 1.80% ( 1.80 % ) | 1.78% ( 1.78 % ) | 1.64% ( 1.64 % )
expected volatility | 32.20% ( 32.20 % ) | 27.43% ( 27.43 % ) | 31.29% ( 31.29 % )
risk-free interest rate | 3.15% ( 3.15 % ) | 4.51% ( 4.51 % ) | 4.60% ( 4.60 % )
forfeiture rate | 7.5% ( 7.5 % ) | 7.5% ( 7.5 % ) | 7.5% ( 7.5 % )
expected life | 5.7 years | 5.6 years | 6 years .
Question: what is the risk-free interest rate in 2008?
Steps: Ask for number 3.15
Answer: 3.15
Question: what about in 2007?
| convfinqa2230 |
n o t e s t o c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s ( continued ) ace limited and subsidiaries share-based compensation expense for stock options and shares issued under the employee stock purchase plan ( espp ) amounted to $ 24 million ( $ 22 million after tax or $ 0.07 per basic and diluted share ) , $ 23 million ( $ 21 million after tax or $ 0.06 per basic and diluted share ) , and $ 20 million ( $ 18 million after tax or $ 0.05 per basic and diluted share ) for the years ended december 31 , 2008 , 2007 , and 2006 , respectively .for the years ended december 31 , 2008 , 2007 and 2006 , the expense for the restricted stock was $ 101 million ( $ 71 million after tax ) , $ 77 million ( $ 57 million after tax ) , and $ 65 million ( $ 49 million after tax ) , respectively .during 2004 , the company established the ace limited 2004 long-term incentive plan ( the 2004 ltip ) .once the 2004 ltip was approved by shareholders , it became effective february 25 , 2004 .it will continue in effect until terminated by the board .this plan replaced the ace limited 1995 long-term incentive plan , the ace limited 1995 outside directors plan , the ace limited 1998 long-term incentive plan , and the ace limited 1999 replacement long-term incentive plan ( the prior plans ) except as to outstanding awards .during the company 2019s 2008 annual general meeting , shareholders voted to increase the number of common shares authorized to be issued under the 2004 ltip from 15000000 common shares to 19000000 common shares .accordingly , under the 2004 ltip , a total of 19000000 common shares of the company are authorized to be issued pursuant to awards made as stock options , stock appreciation rights , performance shares , performance units , restricted stock , and restricted stock units .the maximum number of shares that may be delivered to participants and their beneficiaries under the 2004 ltip shall be equal to the sum of : ( i ) 19000000 shares ; and ( ii ) any shares that are represented by awards granted under the prior plans that are forfeited , expired , or are canceled after the effective date of the 2004 ltip , without delivery of shares or which result in the forfeiture of the shares back to the company to the extent that such shares would have been added back to the reserve under the terms of the applicable prior plan .as of december 31 , 2008 , a total of 10591090 shares remain available for future issuance under this plan .under the 2004 ltip , 3000000 common shares are authorized to be issued under the espp .as of december 31 , 2008 , a total of 989812 common shares remain available for issuance under the espp .stock options the company 2019s 2004 ltip provides for grants of both incentive and non-qualified stock options principally at an option price per share of 100 percent of the fair value of the company 2019s common shares on the date of grant .stock options are generally granted with a 3-year vesting period and a 10-year term .the stock options vest in equal annual installments over the respective vesting period , which is also the requisite service period .included in the company 2019s share-based compensation expense in the year ended december 31 , 2008 , is the cost related to the unvested portion of the 2005-2008 stock option grants .the fair value of the stock options was estimated on the date of grant using the black-scholes option-pricing model that uses the assumptions noted in the following table .the risk-free inter- est rate is based on the u.s .treasury yield curve in effect at the time of grant .the expected life ( estimated period of time from grant to exercise date ) was estimated using the historical exercise behavior of employees .expected volatility was calculated as a blend of ( a ) historical volatility based on daily closing prices over a period equal to the expected life assumption , ( b ) long- term historical volatility based on daily closing prices over the period from ace 2019s initial public trading date through the most recent quarter , and ( c ) implied volatility derived from ace 2019s publicly traded options .the fair value of the options issued is estimated on the date of grant using the black-scholes option-pricing model , with the following weighted-average assumptions used for grants for the years indicated: . | 2008 | 2007 | 2006
dividend yield | 1.80% ( 1.80 % ) | 1.78% ( 1.78 % ) | 1.64% ( 1.64 % )
expected volatility | 32.20% ( 32.20 % ) | 27.43% ( 27.43 % ) | 31.29% ( 31.29 % )
risk-free interest rate | 3.15% ( 3.15 % ) | 4.51% ( 4.51 % ) | 4.60% ( 4.60 % )
forfeiture rate | 7.5% ( 7.5 % ) | 7.5% ( 7.5 % ) | 7.5% ( 7.5 % )
expected life | 5.7 years | 5.6 years | 6 years .
Question: what is the risk-free interest rate in 2008?
Steps: Ask for number 3.15
Answer: 3.15
Question: what about in 2007?
Steps: Ask for number 4.51
Answer: 4.51
Question: what is the net change in risk-free interest rate?
| -1.36 | 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.
n o t e s t o c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s ( continued ) ace limited and subsidiaries share-based compensation expense for stock options and shares issued under the employee stock purchase plan ( espp ) amounted to $ 24 million ( $ 22 million after tax or $ 0.07 per basic and diluted share ) , $ 23 million ( $ 21 million after tax or $ 0.06 per basic and diluted share ) , and $ 20 million ( $ 18 million after tax or $ 0.05 per basic and diluted share ) for the years ended december 31 , 2008 , 2007 , and 2006 , respectively .for the years ended december 31 , 2008 , 2007 and 2006 , the expense for the restricted stock was $ 101 million ( $ 71 million after tax ) , $ 77 million ( $ 57 million after tax ) , and $ 65 million ( $ 49 million after tax ) , respectively .during 2004 , the company established the ace limited 2004 long-term incentive plan ( the 2004 ltip ) .once the 2004 ltip was approved by shareholders , it became effective february 25 , 2004 .it will continue in effect until terminated by the board .this plan replaced the ace limited 1995 long-term incentive plan , the ace limited 1995 outside directors plan , the ace limited 1998 long-term incentive plan , and the ace limited 1999 replacement long-term incentive plan ( the prior plans ) except as to outstanding awards .during the company 2019s 2008 annual general meeting , shareholders voted to increase the number of common shares authorized to be issued under the 2004 ltip from 15000000 common shares to 19000000 common shares .accordingly , under the 2004 ltip , a total of 19000000 common shares of the company are authorized to be issued pursuant to awards made as stock options , stock appreciation rights , performance shares , performance units , restricted stock , and restricted stock units .the maximum number of shares that may be delivered to participants and their beneficiaries under the 2004 ltip shall be equal to the sum of : ( i ) 19000000 shares ; and ( ii ) any shares that are represented by awards granted under the prior plans that are forfeited , expired , or are canceled after the effective date of the 2004 ltip , without delivery of shares or which result in the forfeiture of the shares back to the company to the extent that such shares would have been added back to the reserve under the terms of the applicable prior plan .as of december 31 , 2008 , a total of 10591090 shares remain available for future issuance under this plan .under the 2004 ltip , 3000000 common shares are authorized to be issued under the espp .as of december 31 , 2008 , a total of 989812 common shares remain available for issuance under the espp .stock options the company 2019s 2004 ltip provides for grants of both incentive and non-qualified stock options principally at an option price per share of 100 percent of the fair value of the company 2019s common shares on the date of grant .stock options are generally granted with a 3-year vesting period and a 10-year term .the stock options vest in equal annual installments over the respective vesting period , which is also the requisite service period .included in the company 2019s share-based compensation expense in the year ended december 31 , 2008 , is the cost related to the unvested portion of the 2005-2008 stock option grants .the fair value of the stock options was estimated on the date of grant using the black-scholes option-pricing model that uses the assumptions noted in the following table .the risk-free inter- est rate is based on the u.s .treasury yield curve in effect at the time of grant .the expected life ( estimated period of time from grant to exercise date ) was estimated using the historical exercise behavior of employees .expected volatility was calculated as a blend of ( a ) historical volatility based on daily closing prices over a period equal to the expected life assumption , ( b ) long- term historical volatility based on daily closing prices over the period from ace 2019s initial public trading date through the most recent quarter , and ( c ) implied volatility derived from ace 2019s publicly traded options .the fair value of the options issued is estimated on the date of grant using the black-scholes option-pricing model , with the following weighted-average assumptions used for grants for the years indicated: . | 2008 | 2007 | 2006
dividend yield | 1.80% ( 1.80 % ) | 1.78% ( 1.78 % ) | 1.64% ( 1.64 % )
expected volatility | 32.20% ( 32.20 % ) | 27.43% ( 27.43 % ) | 31.29% ( 31.29 % )
risk-free interest rate | 3.15% ( 3.15 % ) | 4.51% ( 4.51 % ) | 4.60% ( 4.60 % )
forfeiture rate | 7.5% ( 7.5 % ) | 7.5% ( 7.5 % ) | 7.5% ( 7.5 % )
expected life | 5.7 years | 5.6 years | 6 years .
Question: what is the risk-free interest rate in 2008?
Steps: Ask for number 3.15
Answer: 3.15
Question: what about in 2007?
Steps: Ask for number 4.51
Answer: 4.51
Question: what is the net change in risk-free interest rate?
| convfinqa2231 |
n o t e s t o c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s ( continued ) ace limited and subsidiaries share-based compensation expense for stock options and shares issued under the employee stock purchase plan ( espp ) amounted to $ 24 million ( $ 22 million after tax or $ 0.07 per basic and diluted share ) , $ 23 million ( $ 21 million after tax or $ 0.06 per basic and diluted share ) , and $ 20 million ( $ 18 million after tax or $ 0.05 per basic and diluted share ) for the years ended december 31 , 2008 , 2007 , and 2006 , respectively .for the years ended december 31 , 2008 , 2007 and 2006 , the expense for the restricted stock was $ 101 million ( $ 71 million after tax ) , $ 77 million ( $ 57 million after tax ) , and $ 65 million ( $ 49 million after tax ) , respectively .during 2004 , the company established the ace limited 2004 long-term incentive plan ( the 2004 ltip ) .once the 2004 ltip was approved by shareholders , it became effective february 25 , 2004 .it will continue in effect until terminated by the board .this plan replaced the ace limited 1995 long-term incentive plan , the ace limited 1995 outside directors plan , the ace limited 1998 long-term incentive plan , and the ace limited 1999 replacement long-term incentive plan ( the prior plans ) except as to outstanding awards .during the company 2019s 2008 annual general meeting , shareholders voted to increase the number of common shares authorized to be issued under the 2004 ltip from 15000000 common shares to 19000000 common shares .accordingly , under the 2004 ltip , a total of 19000000 common shares of the company are authorized to be issued pursuant to awards made as stock options , stock appreciation rights , performance shares , performance units , restricted stock , and restricted stock units .the maximum number of shares that may be delivered to participants and their beneficiaries under the 2004 ltip shall be equal to the sum of : ( i ) 19000000 shares ; and ( ii ) any shares that are represented by awards granted under the prior plans that are forfeited , expired , or are canceled after the effective date of the 2004 ltip , without delivery of shares or which result in the forfeiture of the shares back to the company to the extent that such shares would have been added back to the reserve under the terms of the applicable prior plan .as of december 31 , 2008 , a total of 10591090 shares remain available for future issuance under this plan .under the 2004 ltip , 3000000 common shares are authorized to be issued under the espp .as of december 31 , 2008 , a total of 989812 common shares remain available for issuance under the espp .stock options the company 2019s 2004 ltip provides for grants of both incentive and non-qualified stock options principally at an option price per share of 100 percent of the fair value of the company 2019s common shares on the date of grant .stock options are generally granted with a 3-year vesting period and a 10-year term .the stock options vest in equal annual installments over the respective vesting period , which is also the requisite service period .included in the company 2019s share-based compensation expense in the year ended december 31 , 2008 , is the cost related to the unvested portion of the 2005-2008 stock option grants .the fair value of the stock options was estimated on the date of grant using the black-scholes option-pricing model that uses the assumptions noted in the following table .the risk-free inter- est rate is based on the u.s .treasury yield curve in effect at the time of grant .the expected life ( estimated period of time from grant to exercise date ) was estimated using the historical exercise behavior of employees .expected volatility was calculated as a blend of ( a ) historical volatility based on daily closing prices over a period equal to the expected life assumption , ( b ) long- term historical volatility based on daily closing prices over the period from ace 2019s initial public trading date through the most recent quarter , and ( c ) implied volatility derived from ace 2019s publicly traded options .the fair value of the options issued is estimated on the date of grant using the black-scholes option-pricing model , with the following weighted-average assumptions used for grants for the years indicated: . | 2008 | 2007 | 2006
dividend yield | 1.80% ( 1.80 % ) | 1.78% ( 1.78 % ) | 1.64% ( 1.64 % )
expected volatility | 32.20% ( 32.20 % ) | 27.43% ( 27.43 % ) | 31.29% ( 31.29 % )
risk-free interest rate | 3.15% ( 3.15 % ) | 4.51% ( 4.51 % ) | 4.60% ( 4.60 % )
forfeiture rate | 7.5% ( 7.5 % ) | 7.5% ( 7.5 % ) | 7.5% ( 7.5 % )
expected life | 5.7 years | 5.6 years | 6 years .
Question: what is the risk-free interest rate in 2008?
Steps: Ask for number 3.15
Answer: 3.15
Question: what about in 2007?
Steps: Ask for number 4.51
Answer: 4.51
Question: what is the net change in risk-free interest rate?
Steps: subtract(3.15, 4.51)
Answer: -1.36
Question: what is the risk-free interest rate in 2007?
| 4.51 | 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.
n o t e s t o c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s ( continued ) ace limited and subsidiaries share-based compensation expense for stock options and shares issued under the employee stock purchase plan ( espp ) amounted to $ 24 million ( $ 22 million after tax or $ 0.07 per basic and diluted share ) , $ 23 million ( $ 21 million after tax or $ 0.06 per basic and diluted share ) , and $ 20 million ( $ 18 million after tax or $ 0.05 per basic and diluted share ) for the years ended december 31 , 2008 , 2007 , and 2006 , respectively .for the years ended december 31 , 2008 , 2007 and 2006 , the expense for the restricted stock was $ 101 million ( $ 71 million after tax ) , $ 77 million ( $ 57 million after tax ) , and $ 65 million ( $ 49 million after tax ) , respectively .during 2004 , the company established the ace limited 2004 long-term incentive plan ( the 2004 ltip ) .once the 2004 ltip was approved by shareholders , it became effective february 25 , 2004 .it will continue in effect until terminated by the board .this plan replaced the ace limited 1995 long-term incentive plan , the ace limited 1995 outside directors plan , the ace limited 1998 long-term incentive plan , and the ace limited 1999 replacement long-term incentive plan ( the prior plans ) except as to outstanding awards .during the company 2019s 2008 annual general meeting , shareholders voted to increase the number of common shares authorized to be issued under the 2004 ltip from 15000000 common shares to 19000000 common shares .accordingly , under the 2004 ltip , a total of 19000000 common shares of the company are authorized to be issued pursuant to awards made as stock options , stock appreciation rights , performance shares , performance units , restricted stock , and restricted stock units .the maximum number of shares that may be delivered to participants and their beneficiaries under the 2004 ltip shall be equal to the sum of : ( i ) 19000000 shares ; and ( ii ) any shares that are represented by awards granted under the prior plans that are forfeited , expired , or are canceled after the effective date of the 2004 ltip , without delivery of shares or which result in the forfeiture of the shares back to the company to the extent that such shares would have been added back to the reserve under the terms of the applicable prior plan .as of december 31 , 2008 , a total of 10591090 shares remain available for future issuance under this plan .under the 2004 ltip , 3000000 common shares are authorized to be issued under the espp .as of december 31 , 2008 , a total of 989812 common shares remain available for issuance under the espp .stock options the company 2019s 2004 ltip provides for grants of both incentive and non-qualified stock options principally at an option price per share of 100 percent of the fair value of the company 2019s common shares on the date of grant .stock options are generally granted with a 3-year vesting period and a 10-year term .the stock options vest in equal annual installments over the respective vesting period , which is also the requisite service period .included in the company 2019s share-based compensation expense in the year ended december 31 , 2008 , is the cost related to the unvested portion of the 2005-2008 stock option grants .the fair value of the stock options was estimated on the date of grant using the black-scholes option-pricing model that uses the assumptions noted in the following table .the risk-free inter- est rate is based on the u.s .treasury yield curve in effect at the time of grant .the expected life ( estimated period of time from grant to exercise date ) was estimated using the historical exercise behavior of employees .expected volatility was calculated as a blend of ( a ) historical volatility based on daily closing prices over a period equal to the expected life assumption , ( b ) long- term historical volatility based on daily closing prices over the period from ace 2019s initial public trading date through the most recent quarter , and ( c ) implied volatility derived from ace 2019s publicly traded options .the fair value of the options issued is estimated on the date of grant using the black-scholes option-pricing model , with the following weighted-average assumptions used for grants for the years indicated: . | 2008 | 2007 | 2006
dividend yield | 1.80% ( 1.80 % ) | 1.78% ( 1.78 % ) | 1.64% ( 1.64 % )
expected volatility | 32.20% ( 32.20 % ) | 27.43% ( 27.43 % ) | 31.29% ( 31.29 % )
risk-free interest rate | 3.15% ( 3.15 % ) | 4.51% ( 4.51 % ) | 4.60% ( 4.60 % )
forfeiture rate | 7.5% ( 7.5 % ) | 7.5% ( 7.5 % ) | 7.5% ( 7.5 % )
expected life | 5.7 years | 5.6 years | 6 years .
Question: what is the risk-free interest rate in 2008?
Steps: Ask for number 3.15
Answer: 3.15
Question: what about in 2007?
Steps: Ask for number 4.51
Answer: 4.51
Question: what is the net change in risk-free interest rate?
Steps: subtract(3.15, 4.51)
Answer: -1.36
Question: what is the risk-free interest rate in 2007?
| convfinqa2232 |
n o t e s t o c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s ( continued ) ace limited and subsidiaries share-based compensation expense for stock options and shares issued under the employee stock purchase plan ( espp ) amounted to $ 24 million ( $ 22 million after tax or $ 0.07 per basic and diluted share ) , $ 23 million ( $ 21 million after tax or $ 0.06 per basic and diluted share ) , and $ 20 million ( $ 18 million after tax or $ 0.05 per basic and diluted share ) for the years ended december 31 , 2008 , 2007 , and 2006 , respectively .for the years ended december 31 , 2008 , 2007 and 2006 , the expense for the restricted stock was $ 101 million ( $ 71 million after tax ) , $ 77 million ( $ 57 million after tax ) , and $ 65 million ( $ 49 million after tax ) , respectively .during 2004 , the company established the ace limited 2004 long-term incentive plan ( the 2004 ltip ) .once the 2004 ltip was approved by shareholders , it became effective february 25 , 2004 .it will continue in effect until terminated by the board .this plan replaced the ace limited 1995 long-term incentive plan , the ace limited 1995 outside directors plan , the ace limited 1998 long-term incentive plan , and the ace limited 1999 replacement long-term incentive plan ( the prior plans ) except as to outstanding awards .during the company 2019s 2008 annual general meeting , shareholders voted to increase the number of common shares authorized to be issued under the 2004 ltip from 15000000 common shares to 19000000 common shares .accordingly , under the 2004 ltip , a total of 19000000 common shares of the company are authorized to be issued pursuant to awards made as stock options , stock appreciation rights , performance shares , performance units , restricted stock , and restricted stock units .the maximum number of shares that may be delivered to participants and their beneficiaries under the 2004 ltip shall be equal to the sum of : ( i ) 19000000 shares ; and ( ii ) any shares that are represented by awards granted under the prior plans that are forfeited , expired , or are canceled after the effective date of the 2004 ltip , without delivery of shares or which result in the forfeiture of the shares back to the company to the extent that such shares would have been added back to the reserve under the terms of the applicable prior plan .as of december 31 , 2008 , a total of 10591090 shares remain available for future issuance under this plan .under the 2004 ltip , 3000000 common shares are authorized to be issued under the espp .as of december 31 , 2008 , a total of 989812 common shares remain available for issuance under the espp .stock options the company 2019s 2004 ltip provides for grants of both incentive and non-qualified stock options principally at an option price per share of 100 percent of the fair value of the company 2019s common shares on the date of grant .stock options are generally granted with a 3-year vesting period and a 10-year term .the stock options vest in equal annual installments over the respective vesting period , which is also the requisite service period .included in the company 2019s share-based compensation expense in the year ended december 31 , 2008 , is the cost related to the unvested portion of the 2005-2008 stock option grants .the fair value of the stock options was estimated on the date of grant using the black-scholes option-pricing model that uses the assumptions noted in the following table .the risk-free inter- est rate is based on the u.s .treasury yield curve in effect at the time of grant .the expected life ( estimated period of time from grant to exercise date ) was estimated using the historical exercise behavior of employees .expected volatility was calculated as a blend of ( a ) historical volatility based on daily closing prices over a period equal to the expected life assumption , ( b ) long- term historical volatility based on daily closing prices over the period from ace 2019s initial public trading date through the most recent quarter , and ( c ) implied volatility derived from ace 2019s publicly traded options .the fair value of the options issued is estimated on the date of grant using the black-scholes option-pricing model , with the following weighted-average assumptions used for grants for the years indicated: . | 2008 | 2007 | 2006
dividend yield | 1.80% ( 1.80 % ) | 1.78% ( 1.78 % ) | 1.64% ( 1.64 % )
expected volatility | 32.20% ( 32.20 % ) | 27.43% ( 27.43 % ) | 31.29% ( 31.29 % )
risk-free interest rate | 3.15% ( 3.15 % ) | 4.51% ( 4.51 % ) | 4.60% ( 4.60 % )
forfeiture rate | 7.5% ( 7.5 % ) | 7.5% ( 7.5 % ) | 7.5% ( 7.5 % )
expected life | 5.7 years | 5.6 years | 6 years .
Question: what is the risk-free interest rate in 2008?
Steps: Ask for number 3.15
Answer: 3.15
Question: what about in 2007?
Steps: Ask for number 4.51
Answer: 4.51
Question: what is the net change in risk-free interest rate?
Steps: subtract(3.15, 4.51)
Answer: -1.36
Question: what is the risk-free interest rate in 2007?
Steps: Ask for number 4.51
Answer: 4.51
Question: what percentage change does this represent?
| -0.30155 | 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.
n o t e s t o c o n s o l i d a t e d f i n a n c i a l s t a t e m e n t s ( continued ) ace limited and subsidiaries share-based compensation expense for stock options and shares issued under the employee stock purchase plan ( espp ) amounted to $ 24 million ( $ 22 million after tax or $ 0.07 per basic and diluted share ) , $ 23 million ( $ 21 million after tax or $ 0.06 per basic and diluted share ) , and $ 20 million ( $ 18 million after tax or $ 0.05 per basic and diluted share ) for the years ended december 31 , 2008 , 2007 , and 2006 , respectively .for the years ended december 31 , 2008 , 2007 and 2006 , the expense for the restricted stock was $ 101 million ( $ 71 million after tax ) , $ 77 million ( $ 57 million after tax ) , and $ 65 million ( $ 49 million after tax ) , respectively .during 2004 , the company established the ace limited 2004 long-term incentive plan ( the 2004 ltip ) .once the 2004 ltip was approved by shareholders , it became effective february 25 , 2004 .it will continue in effect until terminated by the board .this plan replaced the ace limited 1995 long-term incentive plan , the ace limited 1995 outside directors plan , the ace limited 1998 long-term incentive plan , and the ace limited 1999 replacement long-term incentive plan ( the prior plans ) except as to outstanding awards .during the company 2019s 2008 annual general meeting , shareholders voted to increase the number of common shares authorized to be issued under the 2004 ltip from 15000000 common shares to 19000000 common shares .accordingly , under the 2004 ltip , a total of 19000000 common shares of the company are authorized to be issued pursuant to awards made as stock options , stock appreciation rights , performance shares , performance units , restricted stock , and restricted stock units .the maximum number of shares that may be delivered to participants and their beneficiaries under the 2004 ltip shall be equal to the sum of : ( i ) 19000000 shares ; and ( ii ) any shares that are represented by awards granted under the prior plans that are forfeited , expired , or are canceled after the effective date of the 2004 ltip , without delivery of shares or which result in the forfeiture of the shares back to the company to the extent that such shares would have been added back to the reserve under the terms of the applicable prior plan .as of december 31 , 2008 , a total of 10591090 shares remain available for future issuance under this plan .under the 2004 ltip , 3000000 common shares are authorized to be issued under the espp .as of december 31 , 2008 , a total of 989812 common shares remain available for issuance under the espp .stock options the company 2019s 2004 ltip provides for grants of both incentive and non-qualified stock options principally at an option price per share of 100 percent of the fair value of the company 2019s common shares on the date of grant .stock options are generally granted with a 3-year vesting period and a 10-year term .the stock options vest in equal annual installments over the respective vesting period , which is also the requisite service period .included in the company 2019s share-based compensation expense in the year ended december 31 , 2008 , is the cost related to the unvested portion of the 2005-2008 stock option grants .the fair value of the stock options was estimated on the date of grant using the black-scholes option-pricing model that uses the assumptions noted in the following table .the risk-free inter- est rate is based on the u.s .treasury yield curve in effect at the time of grant .the expected life ( estimated period of time from grant to exercise date ) was estimated using the historical exercise behavior of employees .expected volatility was calculated as a blend of ( a ) historical volatility based on daily closing prices over a period equal to the expected life assumption , ( b ) long- term historical volatility based on daily closing prices over the period from ace 2019s initial public trading date through the most recent quarter , and ( c ) implied volatility derived from ace 2019s publicly traded options .the fair value of the options issued is estimated on the date of grant using the black-scholes option-pricing model , with the following weighted-average assumptions used for grants for the years indicated: . | 2008 | 2007 | 2006
dividend yield | 1.80% ( 1.80 % ) | 1.78% ( 1.78 % ) | 1.64% ( 1.64 % )
expected volatility | 32.20% ( 32.20 % ) | 27.43% ( 27.43 % ) | 31.29% ( 31.29 % )
risk-free interest rate | 3.15% ( 3.15 % ) | 4.51% ( 4.51 % ) | 4.60% ( 4.60 % )
forfeiture rate | 7.5% ( 7.5 % ) | 7.5% ( 7.5 % ) | 7.5% ( 7.5 % )
expected life | 5.7 years | 5.6 years | 6 years .
Question: what is the risk-free interest rate in 2008?
Steps: Ask for number 3.15
Answer: 3.15
Question: what about in 2007?
Steps: Ask for number 4.51
Answer: 4.51
Question: what is the net change in risk-free interest rate?
Steps: subtract(3.15, 4.51)
Answer: -1.36
Question: what is the risk-free interest rate in 2007?
Steps: Ask for number 4.51
Answer: 4.51
Question: what percentage change does this represent?
| convfinqa2233 |
in june 2011 , the fasb issued asu no .2011-05 201ccomprehensive income 2013 presentation of comprehensive income . 201d asu 2011-05 requires comprehensive income , the components of net income , and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements .in both choices , an entity is required to present each component of net income along with total net income , each component of other comprehensive income along with a total for other comprehensive income , and a total amount for comprehensive income .this update eliminates the option to present the components of other comprehensive income as part of the statement of changes in stockholders' equity .the amendments in this update do not change the items that must be reported in other comprehensive income or when an item of other comprehensive income must be reclassified to net income .the amendments in this update should be applied retrospectively and is effective for interim and annual reporting periods beginning after december 15 , 2011 .the company adopted this guidance in the first quarter of 2012 .the adoption of asu 2011-05 is for presentation purposes only and had no material impact on the company 2019s consolidated financial statements .3 .inventories , net : merchandise inventory the company used the lifo method of accounting for approximately 95% ( 95 % ) of inventories at both december 29 , 2012 and december 31 , 2011 .under lifo , the company 2019s cost of sales reflects the costs of the most recently purchased inventories , while the inventory carrying balance represents the costs for inventories purchased in fiscal 2012 and prior years .the company recorded a reduction to cost of sales of $ 24087 and $ 29554 in fiscal 2012 and fiscal 2010 , respectively .as a result of utilizing lifo , the company recorded an increase to cost of sales of $ 24708 for fiscal 2011 , due to an increase in supply chain costs and inflationary pressures affecting certain product categories .the company 2019s overall costs to acquire inventory for the same or similar products have generally decreased historically as the company has been able to leverage its continued growth , execution of merchandise strategies and realization of supply chain efficiencies .product cores the remaining inventories are comprised of product cores , the non-consumable portion of certain parts and batteries , which are valued under the first-in , first-out ( "fifo" ) method .product cores are included as part of the company's merchandise costs and are either passed on to the customer or returned to the vendor .because product cores are not subject to frequent cost changes like the company's other merchandise inventory , there is no material difference when applying either the lifo or fifo valuation method .inventory overhead costs purchasing and warehousing costs included in inventory at december 29 , 2012 and december 31 , 2011 , were $ 134258 and $ 126840 , respectively .inventory balance and inventory reserves inventory balances at the end of fiscal 2012 and 2011 were as follows : december 29 , december 31 . | december 292012 | december 312011
inventories at fifo net | $ 2182419 | $ 1941055
adjustments to state inventories at lifo | 126190 | 102103
inventories at lifo net | $ 2308609 | $ 2043158 inventory quantities are tracked through a perpetual inventory system .the company completes physical inventories and other targeted inventory counts in its store locations to ensure the accuracy of the perpetual inventory quantities of both merchandise and core inventory in these locations .in its distribution centers and pdq aes , the company uses a cycle counting program to ensure the accuracy of the perpetual inventory quantities of both merchandise and product core inventory .reserves advance auto parts , inc .and subsidiaries notes to the consolidated financial statements december 29 , 2012 , december 31 , 2011 and january 1 , 2011 ( in thousands , except per share data ) .
Question: what is the sum in the reduction of cost of sales?
| 53641.0 | 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.
in june 2011 , the fasb issued asu no .2011-05 201ccomprehensive income 2013 presentation of comprehensive income . 201d asu 2011-05 requires comprehensive income , the components of net income , and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements .in both choices , an entity is required to present each component of net income along with total net income , each component of other comprehensive income along with a total for other comprehensive income , and a total amount for comprehensive income .this update eliminates the option to present the components of other comprehensive income as part of the statement of changes in stockholders' equity .the amendments in this update do not change the items that must be reported in other comprehensive income or when an item of other comprehensive income must be reclassified to net income .the amendments in this update should be applied retrospectively and is effective for interim and annual reporting periods beginning after december 15 , 2011 .the company adopted this guidance in the first quarter of 2012 .the adoption of asu 2011-05 is for presentation purposes only and had no material impact on the company 2019s consolidated financial statements .3 .inventories , net : merchandise inventory the company used the lifo method of accounting for approximately 95% ( 95 % ) of inventories at both december 29 , 2012 and december 31 , 2011 .under lifo , the company 2019s cost of sales reflects the costs of the most recently purchased inventories , while the inventory carrying balance represents the costs for inventories purchased in fiscal 2012 and prior years .the company recorded a reduction to cost of sales of $ 24087 and $ 29554 in fiscal 2012 and fiscal 2010 , respectively .as a result of utilizing lifo , the company recorded an increase to cost of sales of $ 24708 for fiscal 2011 , due to an increase in supply chain costs and inflationary pressures affecting certain product categories .the company 2019s overall costs to acquire inventory for the same or similar products have generally decreased historically as the company has been able to leverage its continued growth , execution of merchandise strategies and realization of supply chain efficiencies .product cores the remaining inventories are comprised of product cores , the non-consumable portion of certain parts and batteries , which are valued under the first-in , first-out ( "fifo" ) method .product cores are included as part of the company's merchandise costs and are either passed on to the customer or returned to the vendor .because product cores are not subject to frequent cost changes like the company's other merchandise inventory , there is no material difference when applying either the lifo or fifo valuation method .inventory overhead costs purchasing and warehousing costs included in inventory at december 29 , 2012 and december 31 , 2011 , were $ 134258 and $ 126840 , respectively .inventory balance and inventory reserves inventory balances at the end of fiscal 2012 and 2011 were as follows : december 29 , december 31 . | december 292012 | december 312011
inventories at fifo net | $ 2182419 | $ 1941055
adjustments to state inventories at lifo | 126190 | 102103
inventories at lifo net | $ 2308609 | $ 2043158 inventory quantities are tracked through a perpetual inventory system .the company completes physical inventories and other targeted inventory counts in its store locations to ensure the accuracy of the perpetual inventory quantities of both merchandise and core inventory in these locations .in its distribution centers and pdq aes , the company uses a cycle counting program to ensure the accuracy of the perpetual inventory quantities of both merchandise and product core inventory .reserves advance auto parts , inc .and subsidiaries notes to the consolidated financial statements december 29 , 2012 , december 31 , 2011 and january 1 , 2011 ( in thousands , except per share data ) .
Question: what is the sum in the reduction of cost of sales?
| convfinqa2234 |
in june 2011 , the fasb issued asu no .2011-05 201ccomprehensive income 2013 presentation of comprehensive income . 201d asu 2011-05 requires comprehensive income , the components of net income , and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements .in both choices , an entity is required to present each component of net income along with total net income , each component of other comprehensive income along with a total for other comprehensive income , and a total amount for comprehensive income .this update eliminates the option to present the components of other comprehensive income as part of the statement of changes in stockholders' equity .the amendments in this update do not change the items that must be reported in other comprehensive income or when an item of other comprehensive income must be reclassified to net income .the amendments in this update should be applied retrospectively and is effective for interim and annual reporting periods beginning after december 15 , 2011 .the company adopted this guidance in the first quarter of 2012 .the adoption of asu 2011-05 is for presentation purposes only and had no material impact on the company 2019s consolidated financial statements .3 .inventories , net : merchandise inventory the company used the lifo method of accounting for approximately 95% ( 95 % ) of inventories at both december 29 , 2012 and december 31 , 2011 .under lifo , the company 2019s cost of sales reflects the costs of the most recently purchased inventories , while the inventory carrying balance represents the costs for inventories purchased in fiscal 2012 and prior years .the company recorded a reduction to cost of sales of $ 24087 and $ 29554 in fiscal 2012 and fiscal 2010 , respectively .as a result of utilizing lifo , the company recorded an increase to cost of sales of $ 24708 for fiscal 2011 , due to an increase in supply chain costs and inflationary pressures affecting certain product categories .the company 2019s overall costs to acquire inventory for the same or similar products have generally decreased historically as the company has been able to leverage its continued growth , execution of merchandise strategies and realization of supply chain efficiencies .product cores the remaining inventories are comprised of product cores , the non-consumable portion of certain parts and batteries , which are valued under the first-in , first-out ( "fifo" ) method .product cores are included as part of the company's merchandise costs and are either passed on to the customer or returned to the vendor .because product cores are not subject to frequent cost changes like the company's other merchandise inventory , there is no material difference when applying either the lifo or fifo valuation method .inventory overhead costs purchasing and warehousing costs included in inventory at december 29 , 2012 and december 31 , 2011 , were $ 134258 and $ 126840 , respectively .inventory balance and inventory reserves inventory balances at the end of fiscal 2012 and 2011 were as follows : december 29 , december 31 . | december 292012 | december 312011
inventories at fifo net | $ 2182419 | $ 1941055
adjustments to state inventories at lifo | 126190 | 102103
inventories at lifo net | $ 2308609 | $ 2043158 inventory quantities are tracked through a perpetual inventory system .the company completes physical inventories and other targeted inventory counts in its store locations to ensure the accuracy of the perpetual inventory quantities of both merchandise and core inventory in these locations .in its distribution centers and pdq aes , the company uses a cycle counting program to ensure the accuracy of the perpetual inventory quantities of both merchandise and product core inventory .reserves advance auto parts , inc .and subsidiaries notes to the consolidated financial statements december 29 , 2012 , december 31 , 2011 and january 1 , 2011 ( in thousands , except per share data ) .
Question: what is the sum in the reduction of cost of sales?
Steps: add(24087, 29554)
Answer: 53641.0
Question: what is the 2012 value over that sum?
| -28933.0 | 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.
in june 2011 , the fasb issued asu no .2011-05 201ccomprehensive income 2013 presentation of comprehensive income . 201d asu 2011-05 requires comprehensive income , the components of net income , and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements .in both choices , an entity is required to present each component of net income along with total net income , each component of other comprehensive income along with a total for other comprehensive income , and a total amount for comprehensive income .this update eliminates the option to present the components of other comprehensive income as part of the statement of changes in stockholders' equity .the amendments in this update do not change the items that must be reported in other comprehensive income or when an item of other comprehensive income must be reclassified to net income .the amendments in this update should be applied retrospectively and is effective for interim and annual reporting periods beginning after december 15 , 2011 .the company adopted this guidance in the first quarter of 2012 .the adoption of asu 2011-05 is for presentation purposes only and had no material impact on the company 2019s consolidated financial statements .3 .inventories , net : merchandise inventory the company used the lifo method of accounting for approximately 95% ( 95 % ) of inventories at both december 29 , 2012 and december 31 , 2011 .under lifo , the company 2019s cost of sales reflects the costs of the most recently purchased inventories , while the inventory carrying balance represents the costs for inventories purchased in fiscal 2012 and prior years .the company recorded a reduction to cost of sales of $ 24087 and $ 29554 in fiscal 2012 and fiscal 2010 , respectively .as a result of utilizing lifo , the company recorded an increase to cost of sales of $ 24708 for fiscal 2011 , due to an increase in supply chain costs and inflationary pressures affecting certain product categories .the company 2019s overall costs to acquire inventory for the same or similar products have generally decreased historically as the company has been able to leverage its continued growth , execution of merchandise strategies and realization of supply chain efficiencies .product cores the remaining inventories are comprised of product cores , the non-consumable portion of certain parts and batteries , which are valued under the first-in , first-out ( "fifo" ) method .product cores are included as part of the company's merchandise costs and are either passed on to the customer or returned to the vendor .because product cores are not subject to frequent cost changes like the company's other merchandise inventory , there is no material difference when applying either the lifo or fifo valuation method .inventory overhead costs purchasing and warehousing costs included in inventory at december 29 , 2012 and december 31 , 2011 , were $ 134258 and $ 126840 , respectively .inventory balance and inventory reserves inventory balances at the end of fiscal 2012 and 2011 were as follows : december 29 , december 31 . | december 292012 | december 312011
inventories at fifo net | $ 2182419 | $ 1941055
adjustments to state inventories at lifo | 126190 | 102103
inventories at lifo net | $ 2308609 | $ 2043158 inventory quantities are tracked through a perpetual inventory system .the company completes physical inventories and other targeted inventory counts in its store locations to ensure the accuracy of the perpetual inventory quantities of both merchandise and core inventory in these locations .in its distribution centers and pdq aes , the company uses a cycle counting program to ensure the accuracy of the perpetual inventory quantities of both merchandise and product core inventory .reserves advance auto parts , inc .and subsidiaries notes to the consolidated financial statements december 29 , 2012 , december 31 , 2011 and january 1 , 2011 ( in thousands , except per share data ) .
Question: what is the sum in the reduction of cost of sales?
Steps: add(24087, 29554)
Answer: 53641.0
Question: what is the 2012 value over that sum?
| convfinqa2235 |
notes to consolidated financial statements fifth third bancorp 81 vii held by the trust vii bear a fixed rate of interest of 8.875% ( 8.875 % ) until may 15 , 2058 .thereafter , the notes pay a floating rate at three-month libor plus 500 bp .the bancorp entered into an interest rate swap to convert $ 275 million of the fixed-rate debt into floating .at december 31 , 2008 , the rate paid on the swap was 6.05% ( 6.05 % ) .the jsn vii may be redeemed at the option of the bancorp on or after may 15 , 2013 , or in certain other limited circumstances , at a redemption price of 100% ( 100 % ) of the principal amount plus accrued but unpaid interest .all redemptions are subject to certain conditions and generally require approval by the federal reserve board .subsidiary long-term borrowings the senior fixed-rate bank notes due from 2009 to 2019 are the obligations of a subsidiary bank .the maturities of the face value of the senior fixed-rate bank notes are as follows : $ 36 million in 2009 , $ 800 million in 2010 and $ 275 million in 2019 .the bancorp entered into interest rate swaps to convert $ 1.1 billion of the fixed-rate debt into floating rates .at december 31 , 2008 , the rates paid on these swaps were 2.19% ( 2.19 % ) on $ 800 million and 2.20% ( 2.20 % ) on $ 275 million .in august 2008 , $ 500 million of senior fixed-rate bank notes issued in july of 2003 matured and were paid .these long-term bank notes were issued to third-party investors at a fixed rate of 3.375% ( 3.375 % ) .the senior floating-rate bank notes due in 2013 are the obligations of a subsidiary bank .the notes pay a floating rate at three-month libor plus 11 bp .the senior extendable notes consist of $ 797 million that currently pay interest at three-month libor plus 4 bp and $ 400 million that pay at the federal funds open rate plus 12 bp .the subordinated fixed-rate bank notes due in 2015 are the obligations of a subsidiary bank .the bancorp entered into interest rate swaps to convert the fixed-rate debt into floating rate .at december 31 , 2008 , the weighted-average rate paid on the swaps was 3.29% ( 3.29 % ) .the junior subordinated floating-rate bank notes due in 2032 and 2033 were assumed by a bancorp subsidiary as part of the acquisition of crown in november 2007 .two of the notes pay floating at three-month libor plus 310 and 325 bp .the third note pays floating at six-month libor plus 370 bp .the three-month libor plus 290 bp and the three-month libor plus 279 bp junior subordinated debentures due in 2033 and 2034 , respectively , were assumed by a subsidiary of the bancorp in connection with the acquisition of first national bank .the obligations were issued to fnb statutory trusts i and ii , respectively .the junior subordinated floating-rate bank notes due in 2035 were assumed by a bancorp subsidiary as part of the acquisition of first charter in may 2008 .the obligations were issued to first charter capital trust i and ii , respectively .the notes of first charter capital trust i and ii pay floating at three-month libor plus 169 bp and 142 bp , respectively .the bancorp has fully and unconditionally guaranteed all obligations under the acquired trust preferred securities .at december 31 , 2008 , fhlb advances have rates ranging from 0% ( 0 % ) to 8.34% ( 8.34 % ) , with interest payable monthly .the advances are secured by certain residential mortgage loans and securities totaling $ 8.6 billion .at december 31 , 2008 , $ 2.5 billion of fhlb advances are floating rate .the bancorp has interest rate caps , with a notional of $ 1.5 billion , held against its fhlb advance borrowings .the $ 3.6 billion in advances mature as follows : $ 1.5 billion in 2009 , $ 1 million in 2010 , $ 2 million in 2011 , $ 1 billion in 2012 and $ 1.1 billion in 2013 and thereafter .medium-term senior notes and subordinated bank notes with maturities ranging from one year to 30 years can be issued by two subsidiary banks , of which $ 3.8 billion was outstanding at december 31 , 2008 with $ 16.2 billion available for future issuance .there were no other medium-term senior notes outstanding on either of the two subsidiary banks as of december 31 , 2008 .15 .commitments , contingent liabilities and guarantees the bancorp , in the normal course of business , enters into financial instruments and various agreements to meet the financing needs of its customers .the bancorp also enters into certain transactions and agreements to manage its interest rate and prepayment risks , provide funding , equipment and locations for its operations and invest in its communities .these instruments and agreements involve , to varying degrees , elements of credit risk , counterparty risk and market risk in excess of the amounts recognized in the bancorp 2019s consolidated balance sheets .creditworthiness for all instruments and agreements is evaluated on a case-by-case basis in accordance with the bancorp 2019s credit policies .the bancorp 2019s significant commitments , contingent liabilities and guarantees in excess of the amounts recognized in the consolidated balance sheets are summarized as follows : commitments the bancorp has certain commitments to make future payments under contracts .a summary of significant commitments at december 31: . ( $ in millions ) | 2008 | 2007
commitments to extend credit | $ 49470 | 49788
letters of credit ( including standby letters of credit ) | 8951 | 8522
forward contracts to sell mortgage loans | 3235 | 1511
noncancelable lease obligations | 937 | 734
purchase obligations | 81 | 52
capital expenditures | 68 | 94 commitments to extend credit are agreements to lend , typically having fixed expiration dates or other termination clauses that may require payment of a fee .since many of the commitments to extend credit may expire without being drawn upon , the total commitment amounts do not necessarily represent future cash flow requirements .the bancorp is exposed to credit risk in the event of nonperformance for the amount of the contract .fixed-rate commitments are also subject to market risk resulting from fluctuations in interest rates and the bancorp 2019s exposure is limited to the replacement value of those commitments .as of december 31 , 2008 and 2007 , the bancorp had a reserve for unfunded commitments totaling $ 195 million and $ 95 million , respectively , included in other liabilities in the consolidated balance sheets .standby and commercial letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party .at december 31 , 2008 , approximately $ 3.3 billion of letters of credit expire within one year ( including $ 57 million issued on behalf of commercial customers to facilitate trade payments in dollars and foreign currencies ) , $ 5.3 billion expire between one to five years and $ 0.4 billion expire thereafter .standby letters of credit are considered guarantees in accordance with fasb interpretation no .45 , 201cguarantor 2019s accounting and disclosure requirements for guarantees , including indirect guarantees of indebtedness of others 201d ( fin 45 ) .at december 31 , 2008 , the reserve related to these standby letters of credit was $ 3 million .approximately 66% ( 66 % ) and 70% ( 70 % ) of the total standby letters of credit were secured as of december 31 , 2008 and 2007 , respectively .in the event of nonperformance by the customers , the bancorp has rights to the underlying collateral , which can include commercial real estate , physical plant and property , inventory , receivables , cash and marketable securities .the bancorp monitors the credit risk associated with the standby letters of credit using the same dual risk rating system utilized for .
Question: what was the change in capital expenditures from 2007 to 2008, in millions?
| -26.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
notes to consolidated financial statements fifth third bancorp 81 vii held by the trust vii bear a fixed rate of interest of 8.875% ( 8.875 % ) until may 15 , 2058 .thereafter , the notes pay a floating rate at three-month libor plus 500 bp .the bancorp entered into an interest rate swap to convert $ 275 million of the fixed-rate debt into floating .at december 31 , 2008 , the rate paid on the swap was 6.05% ( 6.05 % ) .the jsn vii may be redeemed at the option of the bancorp on or after may 15 , 2013 , or in certain other limited circumstances , at a redemption price of 100% ( 100 % ) of the principal amount plus accrued but unpaid interest .all redemptions are subject to certain conditions and generally require approval by the federal reserve board .subsidiary long-term borrowings the senior fixed-rate bank notes due from 2009 to 2019 are the obligations of a subsidiary bank .the maturities of the face value of the senior fixed-rate bank notes are as follows : $ 36 million in 2009 , $ 800 million in 2010 and $ 275 million in 2019 .the bancorp entered into interest rate swaps to convert $ 1.1 billion of the fixed-rate debt into floating rates .at december 31 , 2008 , the rates paid on these swaps were 2.19% ( 2.19 % ) on $ 800 million and 2.20% ( 2.20 % ) on $ 275 million .in august 2008 , $ 500 million of senior fixed-rate bank notes issued in july of 2003 matured and were paid .these long-term bank notes were issued to third-party investors at a fixed rate of 3.375% ( 3.375 % ) .the senior floating-rate bank notes due in 2013 are the obligations of a subsidiary bank .the notes pay a floating rate at three-month libor plus 11 bp .the senior extendable notes consist of $ 797 million that currently pay interest at three-month libor plus 4 bp and $ 400 million that pay at the federal funds open rate plus 12 bp .the subordinated fixed-rate bank notes due in 2015 are the obligations of a subsidiary bank .the bancorp entered into interest rate swaps to convert the fixed-rate debt into floating rate .at december 31 , 2008 , the weighted-average rate paid on the swaps was 3.29% ( 3.29 % ) .the junior subordinated floating-rate bank notes due in 2032 and 2033 were assumed by a bancorp subsidiary as part of the acquisition of crown in november 2007 .two of the notes pay floating at three-month libor plus 310 and 325 bp .the third note pays floating at six-month libor plus 370 bp .the three-month libor plus 290 bp and the three-month libor plus 279 bp junior subordinated debentures due in 2033 and 2034 , respectively , were assumed by a subsidiary of the bancorp in connection with the acquisition of first national bank .the obligations were issued to fnb statutory trusts i and ii , respectively .the junior subordinated floating-rate bank notes due in 2035 were assumed by a bancorp subsidiary as part of the acquisition of first charter in may 2008 .the obligations were issued to first charter capital trust i and ii , respectively .the notes of first charter capital trust i and ii pay floating at three-month libor plus 169 bp and 142 bp , respectively .the bancorp has fully and unconditionally guaranteed all obligations under the acquired trust preferred securities .at december 31 , 2008 , fhlb advances have rates ranging from 0% ( 0 % ) to 8.34% ( 8.34 % ) , with interest payable monthly .the advances are secured by certain residential mortgage loans and securities totaling $ 8.6 billion .at december 31 , 2008 , $ 2.5 billion of fhlb advances are floating rate .the bancorp has interest rate caps , with a notional of $ 1.5 billion , held against its fhlb advance borrowings .the $ 3.6 billion in advances mature as follows : $ 1.5 billion in 2009 , $ 1 million in 2010 , $ 2 million in 2011 , $ 1 billion in 2012 and $ 1.1 billion in 2013 and thereafter .medium-term senior notes and subordinated bank notes with maturities ranging from one year to 30 years can be issued by two subsidiary banks , of which $ 3.8 billion was outstanding at december 31 , 2008 with $ 16.2 billion available for future issuance .there were no other medium-term senior notes outstanding on either of the two subsidiary banks as of december 31 , 2008 .15 .commitments , contingent liabilities and guarantees the bancorp , in the normal course of business , enters into financial instruments and various agreements to meet the financing needs of its customers .the bancorp also enters into certain transactions and agreements to manage its interest rate and prepayment risks , provide funding , equipment and locations for its operations and invest in its communities .these instruments and agreements involve , to varying degrees , elements of credit risk , counterparty risk and market risk in excess of the amounts recognized in the bancorp 2019s consolidated balance sheets .creditworthiness for all instruments and agreements is evaluated on a case-by-case basis in accordance with the bancorp 2019s credit policies .the bancorp 2019s significant commitments , contingent liabilities and guarantees in excess of the amounts recognized in the consolidated balance sheets are summarized as follows : commitments the bancorp has certain commitments to make future payments under contracts .a summary of significant commitments at december 31: . ( $ in millions ) | 2008 | 2007
commitments to extend credit | $ 49470 | 49788
letters of credit ( including standby letters of credit ) | 8951 | 8522
forward contracts to sell mortgage loans | 3235 | 1511
noncancelable lease obligations | 937 | 734
purchase obligations | 81 | 52
capital expenditures | 68 | 94 commitments to extend credit are agreements to lend , typically having fixed expiration dates or other termination clauses that may require payment of a fee .since many of the commitments to extend credit may expire without being drawn upon , the total commitment amounts do not necessarily represent future cash flow requirements .the bancorp is exposed to credit risk in the event of nonperformance for the amount of the contract .fixed-rate commitments are also subject to market risk resulting from fluctuations in interest rates and the bancorp 2019s exposure is limited to the replacement value of those commitments .as of december 31 , 2008 and 2007 , the bancorp had a reserve for unfunded commitments totaling $ 195 million and $ 95 million , respectively , included in other liabilities in the consolidated balance sheets .standby and commercial letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party .at december 31 , 2008 , approximately $ 3.3 billion of letters of credit expire within one year ( including $ 57 million issued on behalf of commercial customers to facilitate trade payments in dollars and foreign currencies ) , $ 5.3 billion expire between one to five years and $ 0.4 billion expire thereafter .standby letters of credit are considered guarantees in accordance with fasb interpretation no .45 , 201cguarantor 2019s accounting and disclosure requirements for guarantees , including indirect guarantees of indebtedness of others 201d ( fin 45 ) .at december 31 , 2008 , the reserve related to these standby letters of credit was $ 3 million .approximately 66% ( 66 % ) and 70% ( 70 % ) of the total standby letters of credit were secured as of december 31 , 2008 and 2007 , respectively .in the event of nonperformance by the customers , the bancorp has rights to the underlying collateral , which can include commercial real estate , physical plant and property , inventory , receivables , cash and marketable securities .the bancorp monitors the credit risk associated with the standby letters of credit using the same dual risk rating system utilized for .
Question: what was the change in capital expenditures from 2007 to 2008, in millions?
| convfinqa2236 |
notes to consolidated financial statements fifth third bancorp 81 vii held by the trust vii bear a fixed rate of interest of 8.875% ( 8.875 % ) until may 15 , 2058 .thereafter , the notes pay a floating rate at three-month libor plus 500 bp .the bancorp entered into an interest rate swap to convert $ 275 million of the fixed-rate debt into floating .at december 31 , 2008 , the rate paid on the swap was 6.05% ( 6.05 % ) .the jsn vii may be redeemed at the option of the bancorp on or after may 15 , 2013 , or in certain other limited circumstances , at a redemption price of 100% ( 100 % ) of the principal amount plus accrued but unpaid interest .all redemptions are subject to certain conditions and generally require approval by the federal reserve board .subsidiary long-term borrowings the senior fixed-rate bank notes due from 2009 to 2019 are the obligations of a subsidiary bank .the maturities of the face value of the senior fixed-rate bank notes are as follows : $ 36 million in 2009 , $ 800 million in 2010 and $ 275 million in 2019 .the bancorp entered into interest rate swaps to convert $ 1.1 billion of the fixed-rate debt into floating rates .at december 31 , 2008 , the rates paid on these swaps were 2.19% ( 2.19 % ) on $ 800 million and 2.20% ( 2.20 % ) on $ 275 million .in august 2008 , $ 500 million of senior fixed-rate bank notes issued in july of 2003 matured and were paid .these long-term bank notes were issued to third-party investors at a fixed rate of 3.375% ( 3.375 % ) .the senior floating-rate bank notes due in 2013 are the obligations of a subsidiary bank .the notes pay a floating rate at three-month libor plus 11 bp .the senior extendable notes consist of $ 797 million that currently pay interest at three-month libor plus 4 bp and $ 400 million that pay at the federal funds open rate plus 12 bp .the subordinated fixed-rate bank notes due in 2015 are the obligations of a subsidiary bank .the bancorp entered into interest rate swaps to convert the fixed-rate debt into floating rate .at december 31 , 2008 , the weighted-average rate paid on the swaps was 3.29% ( 3.29 % ) .the junior subordinated floating-rate bank notes due in 2032 and 2033 were assumed by a bancorp subsidiary as part of the acquisition of crown in november 2007 .two of the notes pay floating at three-month libor plus 310 and 325 bp .the third note pays floating at six-month libor plus 370 bp .the three-month libor plus 290 bp and the three-month libor plus 279 bp junior subordinated debentures due in 2033 and 2034 , respectively , were assumed by a subsidiary of the bancorp in connection with the acquisition of first national bank .the obligations were issued to fnb statutory trusts i and ii , respectively .the junior subordinated floating-rate bank notes due in 2035 were assumed by a bancorp subsidiary as part of the acquisition of first charter in may 2008 .the obligations were issued to first charter capital trust i and ii , respectively .the notes of first charter capital trust i and ii pay floating at three-month libor plus 169 bp and 142 bp , respectively .the bancorp has fully and unconditionally guaranteed all obligations under the acquired trust preferred securities .at december 31 , 2008 , fhlb advances have rates ranging from 0% ( 0 % ) to 8.34% ( 8.34 % ) , with interest payable monthly .the advances are secured by certain residential mortgage loans and securities totaling $ 8.6 billion .at december 31 , 2008 , $ 2.5 billion of fhlb advances are floating rate .the bancorp has interest rate caps , with a notional of $ 1.5 billion , held against its fhlb advance borrowings .the $ 3.6 billion in advances mature as follows : $ 1.5 billion in 2009 , $ 1 million in 2010 , $ 2 million in 2011 , $ 1 billion in 2012 and $ 1.1 billion in 2013 and thereafter .medium-term senior notes and subordinated bank notes with maturities ranging from one year to 30 years can be issued by two subsidiary banks , of which $ 3.8 billion was outstanding at december 31 , 2008 with $ 16.2 billion available for future issuance .there were no other medium-term senior notes outstanding on either of the two subsidiary banks as of december 31 , 2008 .15 .commitments , contingent liabilities and guarantees the bancorp , in the normal course of business , enters into financial instruments and various agreements to meet the financing needs of its customers .the bancorp also enters into certain transactions and agreements to manage its interest rate and prepayment risks , provide funding , equipment and locations for its operations and invest in its communities .these instruments and agreements involve , to varying degrees , elements of credit risk , counterparty risk and market risk in excess of the amounts recognized in the bancorp 2019s consolidated balance sheets .creditworthiness for all instruments and agreements is evaluated on a case-by-case basis in accordance with the bancorp 2019s credit policies .the bancorp 2019s significant commitments , contingent liabilities and guarantees in excess of the amounts recognized in the consolidated balance sheets are summarized as follows : commitments the bancorp has certain commitments to make future payments under contracts .a summary of significant commitments at december 31: . ( $ in millions ) | 2008 | 2007
commitments to extend credit | $ 49470 | 49788
letters of credit ( including standby letters of credit ) | 8951 | 8522
forward contracts to sell mortgage loans | 3235 | 1511
noncancelable lease obligations | 937 | 734
purchase obligations | 81 | 52
capital expenditures | 68 | 94 commitments to extend credit are agreements to lend , typically having fixed expiration dates or other termination clauses that may require payment of a fee .since many of the commitments to extend credit may expire without being drawn upon , the total commitment amounts do not necessarily represent future cash flow requirements .the bancorp is exposed to credit risk in the event of nonperformance for the amount of the contract .fixed-rate commitments are also subject to market risk resulting from fluctuations in interest rates and the bancorp 2019s exposure is limited to the replacement value of those commitments .as of december 31 , 2008 and 2007 , the bancorp had a reserve for unfunded commitments totaling $ 195 million and $ 95 million , respectively , included in other liabilities in the consolidated balance sheets .standby and commercial letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party .at december 31 , 2008 , approximately $ 3.3 billion of letters of credit expire within one year ( including $ 57 million issued on behalf of commercial customers to facilitate trade payments in dollars and foreign currencies ) , $ 5.3 billion expire between one to five years and $ 0.4 billion expire thereafter .standby letters of credit are considered guarantees in accordance with fasb interpretation no .45 , 201cguarantor 2019s accounting and disclosure requirements for guarantees , including indirect guarantees of indebtedness of others 201d ( fin 45 ) .at december 31 , 2008 , the reserve related to these standby letters of credit was $ 3 million .approximately 66% ( 66 % ) and 70% ( 70 % ) of the total standby letters of credit were secured as of december 31 , 2008 and 2007 , respectively .in the event of nonperformance by the customers , the bancorp has rights to the underlying collateral , which can include commercial real estate , physical plant and property , inventory , receivables , cash and marketable securities .the bancorp monitors the credit risk associated with the standby letters of credit using the same dual risk rating system utilized for .
Question: what was the change in capital expenditures from 2007 to 2008, in millions?
Steps: subtract(68, 94)
Answer: -26.0
Question: and what was the total of capital expenditures in 2007, also in millions?
| 94.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
notes to consolidated financial statements fifth third bancorp 81 vii held by the trust vii bear a fixed rate of interest of 8.875% ( 8.875 % ) until may 15 , 2058 .thereafter , the notes pay a floating rate at three-month libor plus 500 bp .the bancorp entered into an interest rate swap to convert $ 275 million of the fixed-rate debt into floating .at december 31 , 2008 , the rate paid on the swap was 6.05% ( 6.05 % ) .the jsn vii may be redeemed at the option of the bancorp on or after may 15 , 2013 , or in certain other limited circumstances , at a redemption price of 100% ( 100 % ) of the principal amount plus accrued but unpaid interest .all redemptions are subject to certain conditions and generally require approval by the federal reserve board .subsidiary long-term borrowings the senior fixed-rate bank notes due from 2009 to 2019 are the obligations of a subsidiary bank .the maturities of the face value of the senior fixed-rate bank notes are as follows : $ 36 million in 2009 , $ 800 million in 2010 and $ 275 million in 2019 .the bancorp entered into interest rate swaps to convert $ 1.1 billion of the fixed-rate debt into floating rates .at december 31 , 2008 , the rates paid on these swaps were 2.19% ( 2.19 % ) on $ 800 million and 2.20% ( 2.20 % ) on $ 275 million .in august 2008 , $ 500 million of senior fixed-rate bank notes issued in july of 2003 matured and were paid .these long-term bank notes were issued to third-party investors at a fixed rate of 3.375% ( 3.375 % ) .the senior floating-rate bank notes due in 2013 are the obligations of a subsidiary bank .the notes pay a floating rate at three-month libor plus 11 bp .the senior extendable notes consist of $ 797 million that currently pay interest at three-month libor plus 4 bp and $ 400 million that pay at the federal funds open rate plus 12 bp .the subordinated fixed-rate bank notes due in 2015 are the obligations of a subsidiary bank .the bancorp entered into interest rate swaps to convert the fixed-rate debt into floating rate .at december 31 , 2008 , the weighted-average rate paid on the swaps was 3.29% ( 3.29 % ) .the junior subordinated floating-rate bank notes due in 2032 and 2033 were assumed by a bancorp subsidiary as part of the acquisition of crown in november 2007 .two of the notes pay floating at three-month libor plus 310 and 325 bp .the third note pays floating at six-month libor plus 370 bp .the three-month libor plus 290 bp and the three-month libor plus 279 bp junior subordinated debentures due in 2033 and 2034 , respectively , were assumed by a subsidiary of the bancorp in connection with the acquisition of first national bank .the obligations were issued to fnb statutory trusts i and ii , respectively .the junior subordinated floating-rate bank notes due in 2035 were assumed by a bancorp subsidiary as part of the acquisition of first charter in may 2008 .the obligations were issued to first charter capital trust i and ii , respectively .the notes of first charter capital trust i and ii pay floating at three-month libor plus 169 bp and 142 bp , respectively .the bancorp has fully and unconditionally guaranteed all obligations under the acquired trust preferred securities .at december 31 , 2008 , fhlb advances have rates ranging from 0% ( 0 % ) to 8.34% ( 8.34 % ) , with interest payable monthly .the advances are secured by certain residential mortgage loans and securities totaling $ 8.6 billion .at december 31 , 2008 , $ 2.5 billion of fhlb advances are floating rate .the bancorp has interest rate caps , with a notional of $ 1.5 billion , held against its fhlb advance borrowings .the $ 3.6 billion in advances mature as follows : $ 1.5 billion in 2009 , $ 1 million in 2010 , $ 2 million in 2011 , $ 1 billion in 2012 and $ 1.1 billion in 2013 and thereafter .medium-term senior notes and subordinated bank notes with maturities ranging from one year to 30 years can be issued by two subsidiary banks , of which $ 3.8 billion was outstanding at december 31 , 2008 with $ 16.2 billion available for future issuance .there were no other medium-term senior notes outstanding on either of the two subsidiary banks as of december 31 , 2008 .15 .commitments , contingent liabilities and guarantees the bancorp , in the normal course of business , enters into financial instruments and various agreements to meet the financing needs of its customers .the bancorp also enters into certain transactions and agreements to manage its interest rate and prepayment risks , provide funding , equipment and locations for its operations and invest in its communities .these instruments and agreements involve , to varying degrees , elements of credit risk , counterparty risk and market risk in excess of the amounts recognized in the bancorp 2019s consolidated balance sheets .creditworthiness for all instruments and agreements is evaluated on a case-by-case basis in accordance with the bancorp 2019s credit policies .the bancorp 2019s significant commitments , contingent liabilities and guarantees in excess of the amounts recognized in the consolidated balance sheets are summarized as follows : commitments the bancorp has certain commitments to make future payments under contracts .a summary of significant commitments at december 31: . ( $ in millions ) | 2008 | 2007
commitments to extend credit | $ 49470 | 49788
letters of credit ( including standby letters of credit ) | 8951 | 8522
forward contracts to sell mortgage loans | 3235 | 1511
noncancelable lease obligations | 937 | 734
purchase obligations | 81 | 52
capital expenditures | 68 | 94 commitments to extend credit are agreements to lend , typically having fixed expiration dates or other termination clauses that may require payment of a fee .since many of the commitments to extend credit may expire without being drawn upon , the total commitment amounts do not necessarily represent future cash flow requirements .the bancorp is exposed to credit risk in the event of nonperformance for the amount of the contract .fixed-rate commitments are also subject to market risk resulting from fluctuations in interest rates and the bancorp 2019s exposure is limited to the replacement value of those commitments .as of december 31 , 2008 and 2007 , the bancorp had a reserve for unfunded commitments totaling $ 195 million and $ 95 million , respectively , included in other liabilities in the consolidated balance sheets .standby and commercial letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party .at december 31 , 2008 , approximately $ 3.3 billion of letters of credit expire within one year ( including $ 57 million issued on behalf of commercial customers to facilitate trade payments in dollars and foreign currencies ) , $ 5.3 billion expire between one to five years and $ 0.4 billion expire thereafter .standby letters of credit are considered guarantees in accordance with fasb interpretation no .45 , 201cguarantor 2019s accounting and disclosure requirements for guarantees , including indirect guarantees of indebtedness of others 201d ( fin 45 ) .at december 31 , 2008 , the reserve related to these standby letters of credit was $ 3 million .approximately 66% ( 66 % ) and 70% ( 70 % ) of the total standby letters of credit were secured as of december 31 , 2008 and 2007 , respectively .in the event of nonperformance by the customers , the bancorp has rights to the underlying collateral , which can include commercial real estate , physical plant and property , inventory , receivables , cash and marketable securities .the bancorp monitors the credit risk associated with the standby letters of credit using the same dual risk rating system utilized for .
Question: what was the change in capital expenditures from 2007 to 2008, in millions?
Steps: subtract(68, 94)
Answer: -26.0
Question: and what was the total of capital expenditures in 2007, also in millions?
| convfinqa2237 |
notes to consolidated financial statements fifth third bancorp 81 vii held by the trust vii bear a fixed rate of interest of 8.875% ( 8.875 % ) until may 15 , 2058 .thereafter , the notes pay a floating rate at three-month libor plus 500 bp .the bancorp entered into an interest rate swap to convert $ 275 million of the fixed-rate debt into floating .at december 31 , 2008 , the rate paid on the swap was 6.05% ( 6.05 % ) .the jsn vii may be redeemed at the option of the bancorp on or after may 15 , 2013 , or in certain other limited circumstances , at a redemption price of 100% ( 100 % ) of the principal amount plus accrued but unpaid interest .all redemptions are subject to certain conditions and generally require approval by the federal reserve board .subsidiary long-term borrowings the senior fixed-rate bank notes due from 2009 to 2019 are the obligations of a subsidiary bank .the maturities of the face value of the senior fixed-rate bank notes are as follows : $ 36 million in 2009 , $ 800 million in 2010 and $ 275 million in 2019 .the bancorp entered into interest rate swaps to convert $ 1.1 billion of the fixed-rate debt into floating rates .at december 31 , 2008 , the rates paid on these swaps were 2.19% ( 2.19 % ) on $ 800 million and 2.20% ( 2.20 % ) on $ 275 million .in august 2008 , $ 500 million of senior fixed-rate bank notes issued in july of 2003 matured and were paid .these long-term bank notes were issued to third-party investors at a fixed rate of 3.375% ( 3.375 % ) .the senior floating-rate bank notes due in 2013 are the obligations of a subsidiary bank .the notes pay a floating rate at three-month libor plus 11 bp .the senior extendable notes consist of $ 797 million that currently pay interest at three-month libor plus 4 bp and $ 400 million that pay at the federal funds open rate plus 12 bp .the subordinated fixed-rate bank notes due in 2015 are the obligations of a subsidiary bank .the bancorp entered into interest rate swaps to convert the fixed-rate debt into floating rate .at december 31 , 2008 , the weighted-average rate paid on the swaps was 3.29% ( 3.29 % ) .the junior subordinated floating-rate bank notes due in 2032 and 2033 were assumed by a bancorp subsidiary as part of the acquisition of crown in november 2007 .two of the notes pay floating at three-month libor plus 310 and 325 bp .the third note pays floating at six-month libor plus 370 bp .the three-month libor plus 290 bp and the three-month libor plus 279 bp junior subordinated debentures due in 2033 and 2034 , respectively , were assumed by a subsidiary of the bancorp in connection with the acquisition of first national bank .the obligations were issued to fnb statutory trusts i and ii , respectively .the junior subordinated floating-rate bank notes due in 2035 were assumed by a bancorp subsidiary as part of the acquisition of first charter in may 2008 .the obligations were issued to first charter capital trust i and ii , respectively .the notes of first charter capital trust i and ii pay floating at three-month libor plus 169 bp and 142 bp , respectively .the bancorp has fully and unconditionally guaranteed all obligations under the acquired trust preferred securities .at december 31 , 2008 , fhlb advances have rates ranging from 0% ( 0 % ) to 8.34% ( 8.34 % ) , with interest payable monthly .the advances are secured by certain residential mortgage loans and securities totaling $ 8.6 billion .at december 31 , 2008 , $ 2.5 billion of fhlb advances are floating rate .the bancorp has interest rate caps , with a notional of $ 1.5 billion , held against its fhlb advance borrowings .the $ 3.6 billion in advances mature as follows : $ 1.5 billion in 2009 , $ 1 million in 2010 , $ 2 million in 2011 , $ 1 billion in 2012 and $ 1.1 billion in 2013 and thereafter .medium-term senior notes and subordinated bank notes with maturities ranging from one year to 30 years can be issued by two subsidiary banks , of which $ 3.8 billion was outstanding at december 31 , 2008 with $ 16.2 billion available for future issuance .there were no other medium-term senior notes outstanding on either of the two subsidiary banks as of december 31 , 2008 .15 .commitments , contingent liabilities and guarantees the bancorp , in the normal course of business , enters into financial instruments and various agreements to meet the financing needs of its customers .the bancorp also enters into certain transactions and agreements to manage its interest rate and prepayment risks , provide funding , equipment and locations for its operations and invest in its communities .these instruments and agreements involve , to varying degrees , elements of credit risk , counterparty risk and market risk in excess of the amounts recognized in the bancorp 2019s consolidated balance sheets .creditworthiness for all instruments and agreements is evaluated on a case-by-case basis in accordance with the bancorp 2019s credit policies .the bancorp 2019s significant commitments , contingent liabilities and guarantees in excess of the amounts recognized in the consolidated balance sheets are summarized as follows : commitments the bancorp has certain commitments to make future payments under contracts .a summary of significant commitments at december 31: . ( $ in millions ) | 2008 | 2007
commitments to extend credit | $ 49470 | 49788
letters of credit ( including standby letters of credit ) | 8951 | 8522
forward contracts to sell mortgage loans | 3235 | 1511
noncancelable lease obligations | 937 | 734
purchase obligations | 81 | 52
capital expenditures | 68 | 94 commitments to extend credit are agreements to lend , typically having fixed expiration dates or other termination clauses that may require payment of a fee .since many of the commitments to extend credit may expire without being drawn upon , the total commitment amounts do not necessarily represent future cash flow requirements .the bancorp is exposed to credit risk in the event of nonperformance for the amount of the contract .fixed-rate commitments are also subject to market risk resulting from fluctuations in interest rates and the bancorp 2019s exposure is limited to the replacement value of those commitments .as of december 31 , 2008 and 2007 , the bancorp had a reserve for unfunded commitments totaling $ 195 million and $ 95 million , respectively , included in other liabilities in the consolidated balance sheets .standby and commercial letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party .at december 31 , 2008 , approximately $ 3.3 billion of letters of credit expire within one year ( including $ 57 million issued on behalf of commercial customers to facilitate trade payments in dollars and foreign currencies ) , $ 5.3 billion expire between one to five years and $ 0.4 billion expire thereafter .standby letters of credit are considered guarantees in accordance with fasb interpretation no .45 , 201cguarantor 2019s accounting and disclosure requirements for guarantees , including indirect guarantees of indebtedness of others 201d ( fin 45 ) .at december 31 , 2008 , the reserve related to these standby letters of credit was $ 3 million .approximately 66% ( 66 % ) and 70% ( 70 % ) of the total standby letters of credit were secured as of december 31 , 2008 and 2007 , respectively .in the event of nonperformance by the customers , the bancorp has rights to the underlying collateral , which can include commercial real estate , physical plant and property , inventory , receivables , cash and marketable securities .the bancorp monitors the credit risk associated with the standby letters of credit using the same dual risk rating system utilized for .
Question: what was the change in capital expenditures from 2007 to 2008, in millions?
Steps: subtract(68, 94)
Answer: -26.0
Question: and what was the total of capital expenditures in 2007, also in millions?
Steps: Ask for number 94
Answer: 94.0
Question: how much, then, does that change represent in relation to this 2007 total, in percentage?
| -0.2766 | 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 fifth third bancorp 81 vii held by the trust vii bear a fixed rate of interest of 8.875% ( 8.875 % ) until may 15 , 2058 .thereafter , the notes pay a floating rate at three-month libor plus 500 bp .the bancorp entered into an interest rate swap to convert $ 275 million of the fixed-rate debt into floating .at december 31 , 2008 , the rate paid on the swap was 6.05% ( 6.05 % ) .the jsn vii may be redeemed at the option of the bancorp on or after may 15 , 2013 , or in certain other limited circumstances , at a redemption price of 100% ( 100 % ) of the principal amount plus accrued but unpaid interest .all redemptions are subject to certain conditions and generally require approval by the federal reserve board .subsidiary long-term borrowings the senior fixed-rate bank notes due from 2009 to 2019 are the obligations of a subsidiary bank .the maturities of the face value of the senior fixed-rate bank notes are as follows : $ 36 million in 2009 , $ 800 million in 2010 and $ 275 million in 2019 .the bancorp entered into interest rate swaps to convert $ 1.1 billion of the fixed-rate debt into floating rates .at december 31 , 2008 , the rates paid on these swaps were 2.19% ( 2.19 % ) on $ 800 million and 2.20% ( 2.20 % ) on $ 275 million .in august 2008 , $ 500 million of senior fixed-rate bank notes issued in july of 2003 matured and were paid .these long-term bank notes were issued to third-party investors at a fixed rate of 3.375% ( 3.375 % ) .the senior floating-rate bank notes due in 2013 are the obligations of a subsidiary bank .the notes pay a floating rate at three-month libor plus 11 bp .the senior extendable notes consist of $ 797 million that currently pay interest at three-month libor plus 4 bp and $ 400 million that pay at the federal funds open rate plus 12 bp .the subordinated fixed-rate bank notes due in 2015 are the obligations of a subsidiary bank .the bancorp entered into interest rate swaps to convert the fixed-rate debt into floating rate .at december 31 , 2008 , the weighted-average rate paid on the swaps was 3.29% ( 3.29 % ) .the junior subordinated floating-rate bank notes due in 2032 and 2033 were assumed by a bancorp subsidiary as part of the acquisition of crown in november 2007 .two of the notes pay floating at three-month libor plus 310 and 325 bp .the third note pays floating at six-month libor plus 370 bp .the three-month libor plus 290 bp and the three-month libor plus 279 bp junior subordinated debentures due in 2033 and 2034 , respectively , were assumed by a subsidiary of the bancorp in connection with the acquisition of first national bank .the obligations were issued to fnb statutory trusts i and ii , respectively .the junior subordinated floating-rate bank notes due in 2035 were assumed by a bancorp subsidiary as part of the acquisition of first charter in may 2008 .the obligations were issued to first charter capital trust i and ii , respectively .the notes of first charter capital trust i and ii pay floating at three-month libor plus 169 bp and 142 bp , respectively .the bancorp has fully and unconditionally guaranteed all obligations under the acquired trust preferred securities .at december 31 , 2008 , fhlb advances have rates ranging from 0% ( 0 % ) to 8.34% ( 8.34 % ) , with interest payable monthly .the advances are secured by certain residential mortgage loans and securities totaling $ 8.6 billion .at december 31 , 2008 , $ 2.5 billion of fhlb advances are floating rate .the bancorp has interest rate caps , with a notional of $ 1.5 billion , held against its fhlb advance borrowings .the $ 3.6 billion in advances mature as follows : $ 1.5 billion in 2009 , $ 1 million in 2010 , $ 2 million in 2011 , $ 1 billion in 2012 and $ 1.1 billion in 2013 and thereafter .medium-term senior notes and subordinated bank notes with maturities ranging from one year to 30 years can be issued by two subsidiary banks , of which $ 3.8 billion was outstanding at december 31 , 2008 with $ 16.2 billion available for future issuance .there were no other medium-term senior notes outstanding on either of the two subsidiary banks as of december 31 , 2008 .15 .commitments , contingent liabilities and guarantees the bancorp , in the normal course of business , enters into financial instruments and various agreements to meet the financing needs of its customers .the bancorp also enters into certain transactions and agreements to manage its interest rate and prepayment risks , provide funding , equipment and locations for its operations and invest in its communities .these instruments and agreements involve , to varying degrees , elements of credit risk , counterparty risk and market risk in excess of the amounts recognized in the bancorp 2019s consolidated balance sheets .creditworthiness for all instruments and agreements is evaluated on a case-by-case basis in accordance with the bancorp 2019s credit policies .the bancorp 2019s significant commitments , contingent liabilities and guarantees in excess of the amounts recognized in the consolidated balance sheets are summarized as follows : commitments the bancorp has certain commitments to make future payments under contracts .a summary of significant commitments at december 31: . ( $ in millions ) | 2008 | 2007
commitments to extend credit | $ 49470 | 49788
letters of credit ( including standby letters of credit ) | 8951 | 8522
forward contracts to sell mortgage loans | 3235 | 1511
noncancelable lease obligations | 937 | 734
purchase obligations | 81 | 52
capital expenditures | 68 | 94 commitments to extend credit are agreements to lend , typically having fixed expiration dates or other termination clauses that may require payment of a fee .since many of the commitments to extend credit may expire without being drawn upon , the total commitment amounts do not necessarily represent future cash flow requirements .the bancorp is exposed to credit risk in the event of nonperformance for the amount of the contract .fixed-rate commitments are also subject to market risk resulting from fluctuations in interest rates and the bancorp 2019s exposure is limited to the replacement value of those commitments .as of december 31 , 2008 and 2007 , the bancorp had a reserve for unfunded commitments totaling $ 195 million and $ 95 million , respectively , included in other liabilities in the consolidated balance sheets .standby and commercial letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party .at december 31 , 2008 , approximately $ 3.3 billion of letters of credit expire within one year ( including $ 57 million issued on behalf of commercial customers to facilitate trade payments in dollars and foreign currencies ) , $ 5.3 billion expire between one to five years and $ 0.4 billion expire thereafter .standby letters of credit are considered guarantees in accordance with fasb interpretation no .45 , 201cguarantor 2019s accounting and disclosure requirements for guarantees , including indirect guarantees of indebtedness of others 201d ( fin 45 ) .at december 31 , 2008 , the reserve related to these standby letters of credit was $ 3 million .approximately 66% ( 66 % ) and 70% ( 70 % ) of the total standby letters of credit were secured as of december 31 , 2008 and 2007 , respectively .in the event of nonperformance by the customers , the bancorp has rights to the underlying collateral , which can include commercial real estate , physical plant and property , inventory , receivables , cash and marketable securities .the bancorp monitors the credit risk associated with the standby letters of credit using the same dual risk rating system utilized for .
Question: what was the change in capital expenditures from 2007 to 2008, in millions?
Steps: subtract(68, 94)
Answer: -26.0
Question: and what was the total of capital expenditures in 2007, also in millions?
Steps: Ask for number 94
Answer: 94.0
Question: how much, then, does that change represent in relation to this 2007 total, in percentage?
| convfinqa2238 |
( 1 ) includes shares repurchased through our publicly announced share repurchase program and shares tendered to pay the exercise price and tax withholding on employee stock options .shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing .the following graph shows a five-year comparison of cumulative total shareowners 2019 returns for our class b common stock , the s&p 500 index , and the dow jones transportation average .the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2004 in the s&p 500 index , the dow jones transportation average , and our class b common stock .comparison of five year cumulative total return $ 40.00 $ 60.00 $ 80.00 $ 100.00 $ 120.00 $ 140.00 $ 160.00 2004 20092008200720062005 s&p 500 ups dj transport . | 12/31/04 | 12/31/05 | 12/31/06 | 12/31/07 | 12/31/08 | 12/31/09
united parcel service inc . | $ 100.00 | $ 89.49 | $ 91.06 | $ 87.88 | $ 70.48 | $ 75.95
s&p 500 index | $ 100.00 | $ 104.91 | $ 121.48 | $ 128.15 | $ 80.74 | $ 102.11
dow jones transportation average | $ 100.00 | $ 111.65 | $ 122.61 | $ 124.35 | $ 97.72 | $ 115.88 .
Question: what was the value of united parcel service inc. in 2019?
| 75.95 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
( 1 ) includes shares repurchased through our publicly announced share repurchase program and shares tendered to pay the exercise price and tax withholding on employee stock options .shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing .the following graph shows a five-year comparison of cumulative total shareowners 2019 returns for our class b common stock , the s&p 500 index , and the dow jones transportation average .the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2004 in the s&p 500 index , the dow jones transportation average , and our class b common stock .comparison of five year cumulative total return $ 40.00 $ 60.00 $ 80.00 $ 100.00 $ 120.00 $ 140.00 $ 160.00 2004 20092008200720062005 s&p 500 ups dj transport . | 12/31/04 | 12/31/05 | 12/31/06 | 12/31/07 | 12/31/08 | 12/31/09
united parcel service inc . | $ 100.00 | $ 89.49 | $ 91.06 | $ 87.88 | $ 70.48 | $ 75.95
s&p 500 index | $ 100.00 | $ 104.91 | $ 121.48 | $ 128.15 | $ 80.74 | $ 102.11
dow jones transportation average | $ 100.00 | $ 111.65 | $ 122.61 | $ 124.35 | $ 97.72 | $ 115.88 .
Question: what was the value of united parcel service inc. in 2019?
| convfinqa2239 |
( 1 ) includes shares repurchased through our publicly announced share repurchase program and shares tendered to pay the exercise price and tax withholding on employee stock options .shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing .the following graph shows a five-year comparison of cumulative total shareowners 2019 returns for our class b common stock , the s&p 500 index , and the dow jones transportation average .the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2004 in the s&p 500 index , the dow jones transportation average , and our class b common stock .comparison of five year cumulative total return $ 40.00 $ 60.00 $ 80.00 $ 100.00 $ 120.00 $ 140.00 $ 160.00 2004 20092008200720062005 s&p 500 ups dj transport . | 12/31/04 | 12/31/05 | 12/31/06 | 12/31/07 | 12/31/08 | 12/31/09
united parcel service inc . | $ 100.00 | $ 89.49 | $ 91.06 | $ 87.88 | $ 70.48 | $ 75.95
s&p 500 index | $ 100.00 | $ 104.91 | $ 121.48 | $ 128.15 | $ 80.74 | $ 102.11
dow jones transportation average | $ 100.00 | $ 111.65 | $ 122.61 | $ 124.35 | $ 97.72 | $ 115.88 .
Question: what was the value of united parcel service inc. in 2019?
Steps: Ask for number 75.95
Answer: 75.95
Question: what is the change in value assuming a $100 initial investment?
| -24.05 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
( 1 ) includes shares repurchased through our publicly announced share repurchase program and shares tendered to pay the exercise price and tax withholding on employee stock options .shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing .the following graph shows a five-year comparison of cumulative total shareowners 2019 returns for our class b common stock , the s&p 500 index , and the dow jones transportation average .the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2004 in the s&p 500 index , the dow jones transportation average , and our class b common stock .comparison of five year cumulative total return $ 40.00 $ 60.00 $ 80.00 $ 100.00 $ 120.00 $ 140.00 $ 160.00 2004 20092008200720062005 s&p 500 ups dj transport . | 12/31/04 | 12/31/05 | 12/31/06 | 12/31/07 | 12/31/08 | 12/31/09
united parcel service inc . | $ 100.00 | $ 89.49 | $ 91.06 | $ 87.88 | $ 70.48 | $ 75.95
s&p 500 index | $ 100.00 | $ 104.91 | $ 121.48 | $ 128.15 | $ 80.74 | $ 102.11
dow jones transportation average | $ 100.00 | $ 111.65 | $ 122.61 | $ 124.35 | $ 97.72 | $ 115.88 .
Question: what was the value of united parcel service inc. in 2019?
Steps: Ask for number 75.95
Answer: 75.95
Question: what is the change in value assuming a $100 initial investment?
| convfinqa2240 |
( 1 ) includes shares repurchased through our publicly announced share repurchase program and shares tendered to pay the exercise price and tax withholding on employee stock options .shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing .the following graph shows a five-year comparison of cumulative total shareowners 2019 returns for our class b common stock , the s&p 500 index , and the dow jones transportation average .the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2004 in the s&p 500 index , the dow jones transportation average , and our class b common stock .comparison of five year cumulative total return $ 40.00 $ 60.00 $ 80.00 $ 100.00 $ 120.00 $ 140.00 $ 160.00 2004 20092008200720062005 s&p 500 ups dj transport . | 12/31/04 | 12/31/05 | 12/31/06 | 12/31/07 | 12/31/08 | 12/31/09
united parcel service inc . | $ 100.00 | $ 89.49 | $ 91.06 | $ 87.88 | $ 70.48 | $ 75.95
s&p 500 index | $ 100.00 | $ 104.91 | $ 121.48 | $ 128.15 | $ 80.74 | $ 102.11
dow jones transportation average | $ 100.00 | $ 111.65 | $ 122.61 | $ 124.35 | $ 97.72 | $ 115.88 .
Question: what was the value of united parcel service inc. in 2019?
Steps: Ask for number 75.95
Answer: 75.95
Question: what is the change in value assuming a $100 initial investment?
Steps: subtract(75.95, const_100)
Answer: -24.05
Question: what is the percent change?
| -0.2405 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
( 1 ) includes shares repurchased through our publicly announced share repurchase program and shares tendered to pay the exercise price and tax withholding on employee stock options .shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934 , each as amended , except to the extent that the company specifically incorporates such information by reference into such filing .the following graph shows a five-year comparison of cumulative total shareowners 2019 returns for our class b common stock , the s&p 500 index , and the dow jones transportation average .the comparison of the total cumulative return on investment , which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods , assumes that $ 100 was invested on december 31 , 2004 in the s&p 500 index , the dow jones transportation average , and our class b common stock .comparison of five year cumulative total return $ 40.00 $ 60.00 $ 80.00 $ 100.00 $ 120.00 $ 140.00 $ 160.00 2004 20092008200720062005 s&p 500 ups dj transport . | 12/31/04 | 12/31/05 | 12/31/06 | 12/31/07 | 12/31/08 | 12/31/09
united parcel service inc . | $ 100.00 | $ 89.49 | $ 91.06 | $ 87.88 | $ 70.48 | $ 75.95
s&p 500 index | $ 100.00 | $ 104.91 | $ 121.48 | $ 128.15 | $ 80.74 | $ 102.11
dow jones transportation average | $ 100.00 | $ 111.65 | $ 122.61 | $ 124.35 | $ 97.72 | $ 115.88 .
Question: what was the value of united parcel service inc. in 2019?
Steps: Ask for number 75.95
Answer: 75.95
Question: what is the change in value assuming a $100 initial investment?
Steps: subtract(75.95, const_100)
Answer: -24.05
Question: what is the percent change?
| convfinqa2241 |
table of contents performance graph the following graph compares the total return , assuming reinvestment of dividends , on an investment in the company , based on performance of the company's common stock , with the total return of the standard & poor's 500 composite stock index ( "s&p 500" ) and the dow jones united states travel and leisure index for a five year period by measuring the changes in common stock prices from december 31 , 2013 to december 31 , 2018. . | 12/13 | 12/14 | 12/15 | 12/16 | 12/17 | 12/18
royal caribbean cruises ltd . | 100.00 | 176.94 | 220.72 | 182.99 | 271.25 | 227.46
s&p 500 | 100.00 | 113.69 | 115.26 | 129.05 | 157.22 | 150.33
dow jones u.s . travel & leisure | 100.00 | 116.37 | 123.23 | 132.56 | 164.13 | 154.95 the stock performance graph assumes for comparison that the value of the company's common stock and of each index was $ 100 on december 31 , 2013 and that all dividends were reinvested .past performance is not necessarily an indicator of future results. .
Question: what was the price of royal caribbean cruises ltd. on 12/15?
| 220.72 | 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 performance graph the following graph compares the total return , assuming reinvestment of dividends , on an investment in the company , based on performance of the company's common stock , with the total return of the standard & poor's 500 composite stock index ( "s&p 500" ) and the dow jones united states travel and leisure index for a five year period by measuring the changes in common stock prices from december 31 , 2013 to december 31 , 2018. . | 12/13 | 12/14 | 12/15 | 12/16 | 12/17 | 12/18
royal caribbean cruises ltd . | 100.00 | 176.94 | 220.72 | 182.99 | 271.25 | 227.46
s&p 500 | 100.00 | 113.69 | 115.26 | 129.05 | 157.22 | 150.33
dow jones u.s . travel & leisure | 100.00 | 116.37 | 123.23 | 132.56 | 164.13 | 154.95 the stock performance graph assumes for comparison that the value of the company's common stock and of each index was $ 100 on december 31 , 2013 and that all dividends were reinvested .past performance is not necessarily an indicator of future results. .
Question: what was the price of royal caribbean cruises ltd. on 12/15?
| convfinqa2242 |
table of contents performance graph the following graph compares the total return , assuming reinvestment of dividends , on an investment in the company , based on performance of the company's common stock , with the total return of the standard & poor's 500 composite stock index ( "s&p 500" ) and the dow jones united states travel and leisure index for a five year period by measuring the changes in common stock prices from december 31 , 2013 to december 31 , 2018. . | 12/13 | 12/14 | 12/15 | 12/16 | 12/17 | 12/18
royal caribbean cruises ltd . | 100.00 | 176.94 | 220.72 | 182.99 | 271.25 | 227.46
s&p 500 | 100.00 | 113.69 | 115.26 | 129.05 | 157.22 | 150.33
dow jones u.s . travel & leisure | 100.00 | 116.37 | 123.23 | 132.56 | 164.13 | 154.95 the stock performance graph assumes for comparison that the value of the company's common stock and of each index was $ 100 on december 31 , 2013 and that all dividends were reinvested .past performance is not necessarily an indicator of future results. .
Question: what was the price of royal caribbean cruises ltd. on 12/15?
Steps: Ask for number 220.72
Answer: 220.72
Question: and in 12/14?
| 176.94 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
table of contents performance graph the following graph compares the total return , assuming reinvestment of dividends , on an investment in the company , based on performance of the company's common stock , with the total return of the standard & poor's 500 composite stock index ( "s&p 500" ) and the dow jones united states travel and leisure index for a five year period by measuring the changes in common stock prices from december 31 , 2013 to december 31 , 2018. . | 12/13 | 12/14 | 12/15 | 12/16 | 12/17 | 12/18
royal caribbean cruises ltd . | 100.00 | 176.94 | 220.72 | 182.99 | 271.25 | 227.46
s&p 500 | 100.00 | 113.69 | 115.26 | 129.05 | 157.22 | 150.33
dow jones u.s . travel & leisure | 100.00 | 116.37 | 123.23 | 132.56 | 164.13 | 154.95 the stock performance graph assumes for comparison that the value of the company's common stock and of each index was $ 100 on december 31 , 2013 and that all dividends were reinvested .past performance is not necessarily an indicator of future results. .
Question: what was the price of royal caribbean cruises ltd. on 12/15?
Steps: Ask for number 220.72
Answer: 220.72
Question: and in 12/14?
| convfinqa2243 |
table of contents performance graph the following graph compares the total return , assuming reinvestment of dividends , on an investment in the company , based on performance of the company's common stock , with the total return of the standard & poor's 500 composite stock index ( "s&p 500" ) and the dow jones united states travel and leisure index for a five year period by measuring the changes in common stock prices from december 31 , 2013 to december 31 , 2018. . | 12/13 | 12/14 | 12/15 | 12/16 | 12/17 | 12/18
royal caribbean cruises ltd . | 100.00 | 176.94 | 220.72 | 182.99 | 271.25 | 227.46
s&p 500 | 100.00 | 113.69 | 115.26 | 129.05 | 157.22 | 150.33
dow jones u.s . travel & leisure | 100.00 | 116.37 | 123.23 | 132.56 | 164.13 | 154.95 the stock performance graph assumes for comparison that the value of the company's common stock and of each index was $ 100 on december 31 , 2013 and that all dividends were reinvested .past performance is not necessarily an indicator of future results. .
Question: what was the price of royal caribbean cruises ltd. on 12/15?
Steps: Ask for number 220.72
Answer: 220.72
Question: and in 12/14?
Steps: Ask for number 176.94
Answer: 176.94
Question: how much did the price change between these dates?
| 43.78 | 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.
table of contents performance graph the following graph compares the total return , assuming reinvestment of dividends , on an investment in the company , based on performance of the company's common stock , with the total return of the standard & poor's 500 composite stock index ( "s&p 500" ) and the dow jones united states travel and leisure index for a five year period by measuring the changes in common stock prices from december 31 , 2013 to december 31 , 2018. . | 12/13 | 12/14 | 12/15 | 12/16 | 12/17 | 12/18
royal caribbean cruises ltd . | 100.00 | 176.94 | 220.72 | 182.99 | 271.25 | 227.46
s&p 500 | 100.00 | 113.69 | 115.26 | 129.05 | 157.22 | 150.33
dow jones u.s . travel & leisure | 100.00 | 116.37 | 123.23 | 132.56 | 164.13 | 154.95 the stock performance graph assumes for comparison that the value of the company's common stock and of each index was $ 100 on december 31 , 2013 and that all dividends were reinvested .past performance is not necessarily an indicator of future results. .
Question: what was the price of royal caribbean cruises ltd. on 12/15?
Steps: Ask for number 220.72
Answer: 220.72
Question: and in 12/14?
Steps: Ask for number 176.94
Answer: 176.94
Question: how much did the price change between these dates?
| convfinqa2244 |
table of contents performance graph the following graph compares the total return , assuming reinvestment of dividends , on an investment in the company , based on performance of the company's common stock , with the total return of the standard & poor's 500 composite stock index ( "s&p 500" ) and the dow jones united states travel and leisure index for a five year period by measuring the changes in common stock prices from december 31 , 2013 to december 31 , 2018. . | 12/13 | 12/14 | 12/15 | 12/16 | 12/17 | 12/18
royal caribbean cruises ltd . | 100.00 | 176.94 | 220.72 | 182.99 | 271.25 | 227.46
s&p 500 | 100.00 | 113.69 | 115.26 | 129.05 | 157.22 | 150.33
dow jones u.s . travel & leisure | 100.00 | 116.37 | 123.23 | 132.56 | 164.13 | 154.95 the stock performance graph assumes for comparison that the value of the company's common stock and of each index was $ 100 on december 31 , 2013 and that all dividends were reinvested .past performance is not necessarily an indicator of future results. .
Question: what was the price of royal caribbean cruises ltd. on 12/15?
Steps: Ask for number 220.72
Answer: 220.72
Question: and in 12/14?
Steps: Ask for number 176.94
Answer: 176.94
Question: how much did the price change between these dates?
Steps: subtract(220.72, 176.94)
Answer: 43.78
Question: and the percentage growth in price over this year?
| 0.24743 | 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 performance graph the following graph compares the total return , assuming reinvestment of dividends , on an investment in the company , based on performance of the company's common stock , with the total return of the standard & poor's 500 composite stock index ( "s&p 500" ) and the dow jones united states travel and leisure index for a five year period by measuring the changes in common stock prices from december 31 , 2013 to december 31 , 2018. . | 12/13 | 12/14 | 12/15 | 12/16 | 12/17 | 12/18
royal caribbean cruises ltd . | 100.00 | 176.94 | 220.72 | 182.99 | 271.25 | 227.46
s&p 500 | 100.00 | 113.69 | 115.26 | 129.05 | 157.22 | 150.33
dow jones u.s . travel & leisure | 100.00 | 116.37 | 123.23 | 132.56 | 164.13 | 154.95 the stock performance graph assumes for comparison that the value of the company's common stock and of each index was $ 100 on december 31 , 2013 and that all dividends were reinvested .past performance is not necessarily an indicator of future results. .
Question: what was the price of royal caribbean cruises ltd. on 12/15?
Steps: Ask for number 220.72
Answer: 220.72
Question: and in 12/14?
Steps: Ask for number 176.94
Answer: 176.94
Question: how much did the price change between these dates?
Steps: subtract(220.72, 176.94)
Answer: 43.78
Question: and the percentage growth in price over this year?
| convfinqa2245 |
american tower corporation and subsidiaries notes to consolidated financial statements as of december 31 , 2010 , total unrecognized compensation expense related to unvested restricted stock units granted under the 2007 plan was $ 57.5 million and is expected to be recognized over a weighted average period of approximately two years .employee stock purchase plan 2014the company maintains an employee stock purchase plan ( 201cespp 201d ) for all eligible employees .under the espp , shares of the company 2019s common stock may be purchased during bi-annual offering periods at 85% ( 85 % ) of the lower of the fair market value on the first or the last day of each offering period .employees may purchase shares having a value not exceeding 15% ( 15 % ) of their gross compensation during an offering period and may not purchase more than $ 25000 worth of stock in a calendar year ( based on market values at the beginning of each offering period ) .the offering periods run from june 1 through november 30 and from december 1 through may 31 of each year .during the 2010 , 2009 and 2008 offering periods employees purchased 75354 , 77509 and 55764 shares , respectively , at weighted average prices per share of $ 34.16 , $ 23.91 and $ 30.08 , respectively .the fair value of the espp offerings is estimated on the offering period commencement date using a black-scholes pricing model with the expense recognized over the expected life , which is the six month offering period over which employees accumulate payroll deductions to purchase the company 2019s common stock .the weighted average fair value for the espp shares purchased during 2010 , 2009 and 2008 was $ 9.43 , $ 6.65 and $ 7.89 , respectively .at december 31 , 2010 , 8.7 million shares remain reserved for future issuance under the plan .key assumptions used to apply this pricing model for the years ended december 31 , are as follows: . | 2010 | 2009 | 2008
range of risk-free interest rate | 0.22% ( 0.22 % ) - 0.23% ( 0.23 % ) | 0.29% ( 0.29 % ) - 0.44% ( 0.44 % ) | 1.99% ( 1.99 % ) - 3.28% ( 3.28 % )
weighted average risk-free interest rate | 0.22% ( 0.22 % ) | 0.38% ( 0.38 % ) | 2.58% ( 2.58 % )
expected life of shares | 6 months | 6 months | 6 months
range of expected volatility of underlying stock price | 35.26% ( 35.26 % ) - 35.27% ( 35.27 % ) | 35.31% ( 35.31 % ) - 36.63% ( 36.63 % ) | 27.85% ( 27.85 % ) - 28.51% ( 28.51 % )
weighted average expected volatility of underlying stock price | 35.26% ( 35.26 % ) | 35.83% ( 35.83 % ) | 28.51% ( 28.51 % )
expected annual dividends | n/a | n/a | n/a 13 .stockholders 2019 equity warrants 2014in august 2005 , the company completed its merger with spectrasite , inc .and assumed outstanding warrants to purchase shares of spectrasite , inc .common stock .as of the merger completion date , each warrant was exercisable for two shares of spectrasite , inc .common stock at an exercise price of $ 32 per warrant .upon completion of the merger , each warrant to purchase shares of spectrasite , inc .common stock automatically converted into a warrant to purchase shares of the company 2019s common stock , such that upon exercise of each warrant , the holder has a right to receive 3.575 shares of the company 2019s common stock in lieu of each share of spectrasite , inc .common stock that would have been receivable under each assumed warrant prior to the merger .upon completion of the company 2019s merger with spectrasite , inc. , these warrants were exercisable for approximately 6.8 million shares of common stock .of these warrants , warrants to purchase approximately none and 1.7 million shares of common stock remained outstanding as of december 31 , 2010 and 2009 , respectively .these warrants expired on february 10 , 2010 .stock repurchase program 2014during the year ended december 31 , 2010 , the company repurchased an aggregate of approximately 9.3 million shares of its common stock for an aggregate of $ 420.8 million , including commissions and fees , of which $ 418.6 million was paid in cash prior to december 31 , 2010 and $ 2.2 million was included in accounts payable and accrued expenses in the accompanying consolidated balance sheet as of december 31 , 2010 , pursuant to its publicly announced stock repurchase program , as described below. .
Question: what was the number of shares purchased by employees in 2009?
| 77509.0 | 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.
american tower corporation and subsidiaries notes to consolidated financial statements as of december 31 , 2010 , total unrecognized compensation expense related to unvested restricted stock units granted under the 2007 plan was $ 57.5 million and is expected to be recognized over a weighted average period of approximately two years .employee stock purchase plan 2014the company maintains an employee stock purchase plan ( 201cespp 201d ) for all eligible employees .under the espp , shares of the company 2019s common stock may be purchased during bi-annual offering periods at 85% ( 85 % ) of the lower of the fair market value on the first or the last day of each offering period .employees may purchase shares having a value not exceeding 15% ( 15 % ) of their gross compensation during an offering period and may not purchase more than $ 25000 worth of stock in a calendar year ( based on market values at the beginning of each offering period ) .the offering periods run from june 1 through november 30 and from december 1 through may 31 of each year .during the 2010 , 2009 and 2008 offering periods employees purchased 75354 , 77509 and 55764 shares , respectively , at weighted average prices per share of $ 34.16 , $ 23.91 and $ 30.08 , respectively .the fair value of the espp offerings is estimated on the offering period commencement date using a black-scholes pricing model with the expense recognized over the expected life , which is the six month offering period over which employees accumulate payroll deductions to purchase the company 2019s common stock .the weighted average fair value for the espp shares purchased during 2010 , 2009 and 2008 was $ 9.43 , $ 6.65 and $ 7.89 , respectively .at december 31 , 2010 , 8.7 million shares remain reserved for future issuance under the plan .key assumptions used to apply this pricing model for the years ended december 31 , are as follows: . | 2010 | 2009 | 2008
range of risk-free interest rate | 0.22% ( 0.22 % ) - 0.23% ( 0.23 % ) | 0.29% ( 0.29 % ) - 0.44% ( 0.44 % ) | 1.99% ( 1.99 % ) - 3.28% ( 3.28 % )
weighted average risk-free interest rate | 0.22% ( 0.22 % ) | 0.38% ( 0.38 % ) | 2.58% ( 2.58 % )
expected life of shares | 6 months | 6 months | 6 months
range of expected volatility of underlying stock price | 35.26% ( 35.26 % ) - 35.27% ( 35.27 % ) | 35.31% ( 35.31 % ) - 36.63% ( 36.63 % ) | 27.85% ( 27.85 % ) - 28.51% ( 28.51 % )
weighted average expected volatility of underlying stock price | 35.26% ( 35.26 % ) | 35.83% ( 35.83 % ) | 28.51% ( 28.51 % )
expected annual dividends | n/a | n/a | n/a 13 .stockholders 2019 equity warrants 2014in august 2005 , the company completed its merger with spectrasite , inc .and assumed outstanding warrants to purchase shares of spectrasite , inc .common stock .as of the merger completion date , each warrant was exercisable for two shares of spectrasite , inc .common stock at an exercise price of $ 32 per warrant .upon completion of the merger , each warrant to purchase shares of spectrasite , inc .common stock automatically converted into a warrant to purchase shares of the company 2019s common stock , such that upon exercise of each warrant , the holder has a right to receive 3.575 shares of the company 2019s common stock in lieu of each share of spectrasite , inc .common stock that would have been receivable under each assumed warrant prior to the merger .upon completion of the company 2019s merger with spectrasite , inc. , these warrants were exercisable for approximately 6.8 million shares of common stock .of these warrants , warrants to purchase approximately none and 1.7 million shares of common stock remained outstanding as of december 31 , 2010 and 2009 , respectively .these warrants expired on february 10 , 2010 .stock repurchase program 2014during the year ended december 31 , 2010 , the company repurchased an aggregate of approximately 9.3 million shares of its common stock for an aggregate of $ 420.8 million , including commissions and fees , of which $ 418.6 million was paid in cash prior to december 31 , 2010 and $ 2.2 million was included in accounts payable and accrued expenses in the accompanying consolidated balance sheet as of december 31 , 2010 , pursuant to its publicly announced stock repurchase program , as described below. .
Question: what was the number of shares purchased by employees in 2009?
| convfinqa2246 |
american tower corporation and subsidiaries notes to consolidated financial statements as of december 31 , 2010 , total unrecognized compensation expense related to unvested restricted stock units granted under the 2007 plan was $ 57.5 million and is expected to be recognized over a weighted average period of approximately two years .employee stock purchase plan 2014the company maintains an employee stock purchase plan ( 201cespp 201d ) for all eligible employees .under the espp , shares of the company 2019s common stock may be purchased during bi-annual offering periods at 85% ( 85 % ) of the lower of the fair market value on the first or the last day of each offering period .employees may purchase shares having a value not exceeding 15% ( 15 % ) of their gross compensation during an offering period and may not purchase more than $ 25000 worth of stock in a calendar year ( based on market values at the beginning of each offering period ) .the offering periods run from june 1 through november 30 and from december 1 through may 31 of each year .during the 2010 , 2009 and 2008 offering periods employees purchased 75354 , 77509 and 55764 shares , respectively , at weighted average prices per share of $ 34.16 , $ 23.91 and $ 30.08 , respectively .the fair value of the espp offerings is estimated on the offering period commencement date using a black-scholes pricing model with the expense recognized over the expected life , which is the six month offering period over which employees accumulate payroll deductions to purchase the company 2019s common stock .the weighted average fair value for the espp shares purchased during 2010 , 2009 and 2008 was $ 9.43 , $ 6.65 and $ 7.89 , respectively .at december 31 , 2010 , 8.7 million shares remain reserved for future issuance under the plan .key assumptions used to apply this pricing model for the years ended december 31 , are as follows: . | 2010 | 2009 | 2008
range of risk-free interest rate | 0.22% ( 0.22 % ) - 0.23% ( 0.23 % ) | 0.29% ( 0.29 % ) - 0.44% ( 0.44 % ) | 1.99% ( 1.99 % ) - 3.28% ( 3.28 % )
weighted average risk-free interest rate | 0.22% ( 0.22 % ) | 0.38% ( 0.38 % ) | 2.58% ( 2.58 % )
expected life of shares | 6 months | 6 months | 6 months
range of expected volatility of underlying stock price | 35.26% ( 35.26 % ) - 35.27% ( 35.27 % ) | 35.31% ( 35.31 % ) - 36.63% ( 36.63 % ) | 27.85% ( 27.85 % ) - 28.51% ( 28.51 % )
weighted average expected volatility of underlying stock price | 35.26% ( 35.26 % ) | 35.83% ( 35.83 % ) | 28.51% ( 28.51 % )
expected annual dividends | n/a | n/a | n/a 13 .stockholders 2019 equity warrants 2014in august 2005 , the company completed its merger with spectrasite , inc .and assumed outstanding warrants to purchase shares of spectrasite , inc .common stock .as of the merger completion date , each warrant was exercisable for two shares of spectrasite , inc .common stock at an exercise price of $ 32 per warrant .upon completion of the merger , each warrant to purchase shares of spectrasite , inc .common stock automatically converted into a warrant to purchase shares of the company 2019s common stock , such that upon exercise of each warrant , the holder has a right to receive 3.575 shares of the company 2019s common stock in lieu of each share of spectrasite , inc .common stock that would have been receivable under each assumed warrant prior to the merger .upon completion of the company 2019s merger with spectrasite , inc. , these warrants were exercisable for approximately 6.8 million shares of common stock .of these warrants , warrants to purchase approximately none and 1.7 million shares of common stock remained outstanding as of december 31 , 2010 and 2009 , respectively .these warrants expired on february 10 , 2010 .stock repurchase program 2014during the year ended december 31 , 2010 , the company repurchased an aggregate of approximately 9.3 million shares of its common stock for an aggregate of $ 420.8 million , including commissions and fees , of which $ 418.6 million was paid in cash prior to december 31 , 2010 and $ 2.2 million was included in accounts payable and accrued expenses in the accompanying consolidated balance sheet as of december 31 , 2010 , pursuant to its publicly announced stock repurchase program , as described below. .
Question: what was the number of shares purchased by employees in 2009?
Steps: Ask for number 77509
Answer: 77509.0
Question: what was the average price paid per share?
| 23.91 | 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.
american tower corporation and subsidiaries notes to consolidated financial statements as of december 31 , 2010 , total unrecognized compensation expense related to unvested restricted stock units granted under the 2007 plan was $ 57.5 million and is expected to be recognized over a weighted average period of approximately two years .employee stock purchase plan 2014the company maintains an employee stock purchase plan ( 201cespp 201d ) for all eligible employees .under the espp , shares of the company 2019s common stock may be purchased during bi-annual offering periods at 85% ( 85 % ) of the lower of the fair market value on the first or the last day of each offering period .employees may purchase shares having a value not exceeding 15% ( 15 % ) of their gross compensation during an offering period and may not purchase more than $ 25000 worth of stock in a calendar year ( based on market values at the beginning of each offering period ) .the offering periods run from june 1 through november 30 and from december 1 through may 31 of each year .during the 2010 , 2009 and 2008 offering periods employees purchased 75354 , 77509 and 55764 shares , respectively , at weighted average prices per share of $ 34.16 , $ 23.91 and $ 30.08 , respectively .the fair value of the espp offerings is estimated on the offering period commencement date using a black-scholes pricing model with the expense recognized over the expected life , which is the six month offering period over which employees accumulate payroll deductions to purchase the company 2019s common stock .the weighted average fair value for the espp shares purchased during 2010 , 2009 and 2008 was $ 9.43 , $ 6.65 and $ 7.89 , respectively .at december 31 , 2010 , 8.7 million shares remain reserved for future issuance under the plan .key assumptions used to apply this pricing model for the years ended december 31 , are as follows: . | 2010 | 2009 | 2008
range of risk-free interest rate | 0.22% ( 0.22 % ) - 0.23% ( 0.23 % ) | 0.29% ( 0.29 % ) - 0.44% ( 0.44 % ) | 1.99% ( 1.99 % ) - 3.28% ( 3.28 % )
weighted average risk-free interest rate | 0.22% ( 0.22 % ) | 0.38% ( 0.38 % ) | 2.58% ( 2.58 % )
expected life of shares | 6 months | 6 months | 6 months
range of expected volatility of underlying stock price | 35.26% ( 35.26 % ) - 35.27% ( 35.27 % ) | 35.31% ( 35.31 % ) - 36.63% ( 36.63 % ) | 27.85% ( 27.85 % ) - 28.51% ( 28.51 % )
weighted average expected volatility of underlying stock price | 35.26% ( 35.26 % ) | 35.83% ( 35.83 % ) | 28.51% ( 28.51 % )
expected annual dividends | n/a | n/a | n/a 13 .stockholders 2019 equity warrants 2014in august 2005 , the company completed its merger with spectrasite , inc .and assumed outstanding warrants to purchase shares of spectrasite , inc .common stock .as of the merger completion date , each warrant was exercisable for two shares of spectrasite , inc .common stock at an exercise price of $ 32 per warrant .upon completion of the merger , each warrant to purchase shares of spectrasite , inc .common stock automatically converted into a warrant to purchase shares of the company 2019s common stock , such that upon exercise of each warrant , the holder has a right to receive 3.575 shares of the company 2019s common stock in lieu of each share of spectrasite , inc .common stock that would have been receivable under each assumed warrant prior to the merger .upon completion of the company 2019s merger with spectrasite , inc. , these warrants were exercisable for approximately 6.8 million shares of common stock .of these warrants , warrants to purchase approximately none and 1.7 million shares of common stock remained outstanding as of december 31 , 2010 and 2009 , respectively .these warrants expired on february 10 , 2010 .stock repurchase program 2014during the year ended december 31 , 2010 , the company repurchased an aggregate of approximately 9.3 million shares of its common stock for an aggregate of $ 420.8 million , including commissions and fees , of which $ 418.6 million was paid in cash prior to december 31 , 2010 and $ 2.2 million was included in accounts payable and accrued expenses in the accompanying consolidated balance sheet as of december 31 , 2010 , pursuant to its publicly announced stock repurchase program , as described below. .
Question: what was the number of shares purchased by employees in 2009?
Steps: Ask for number 77509
Answer: 77509.0
Question: what was the average price paid per share?
| convfinqa2247 |
american tower corporation and subsidiaries notes to consolidated financial statements as of december 31 , 2010 , total unrecognized compensation expense related to unvested restricted stock units granted under the 2007 plan was $ 57.5 million and is expected to be recognized over a weighted average period of approximately two years .employee stock purchase plan 2014the company maintains an employee stock purchase plan ( 201cespp 201d ) for all eligible employees .under the espp , shares of the company 2019s common stock may be purchased during bi-annual offering periods at 85% ( 85 % ) of the lower of the fair market value on the first or the last day of each offering period .employees may purchase shares having a value not exceeding 15% ( 15 % ) of their gross compensation during an offering period and may not purchase more than $ 25000 worth of stock in a calendar year ( based on market values at the beginning of each offering period ) .the offering periods run from june 1 through november 30 and from december 1 through may 31 of each year .during the 2010 , 2009 and 2008 offering periods employees purchased 75354 , 77509 and 55764 shares , respectively , at weighted average prices per share of $ 34.16 , $ 23.91 and $ 30.08 , respectively .the fair value of the espp offerings is estimated on the offering period commencement date using a black-scholes pricing model with the expense recognized over the expected life , which is the six month offering period over which employees accumulate payroll deductions to purchase the company 2019s common stock .the weighted average fair value for the espp shares purchased during 2010 , 2009 and 2008 was $ 9.43 , $ 6.65 and $ 7.89 , respectively .at december 31 , 2010 , 8.7 million shares remain reserved for future issuance under the plan .key assumptions used to apply this pricing model for the years ended december 31 , are as follows: . | 2010 | 2009 | 2008
range of risk-free interest rate | 0.22% ( 0.22 % ) - 0.23% ( 0.23 % ) | 0.29% ( 0.29 % ) - 0.44% ( 0.44 % ) | 1.99% ( 1.99 % ) - 3.28% ( 3.28 % )
weighted average risk-free interest rate | 0.22% ( 0.22 % ) | 0.38% ( 0.38 % ) | 2.58% ( 2.58 % )
expected life of shares | 6 months | 6 months | 6 months
range of expected volatility of underlying stock price | 35.26% ( 35.26 % ) - 35.27% ( 35.27 % ) | 35.31% ( 35.31 % ) - 36.63% ( 36.63 % ) | 27.85% ( 27.85 % ) - 28.51% ( 28.51 % )
weighted average expected volatility of underlying stock price | 35.26% ( 35.26 % ) | 35.83% ( 35.83 % ) | 28.51% ( 28.51 % )
expected annual dividends | n/a | n/a | n/a 13 .stockholders 2019 equity warrants 2014in august 2005 , the company completed its merger with spectrasite , inc .and assumed outstanding warrants to purchase shares of spectrasite , inc .common stock .as of the merger completion date , each warrant was exercisable for two shares of spectrasite , inc .common stock at an exercise price of $ 32 per warrant .upon completion of the merger , each warrant to purchase shares of spectrasite , inc .common stock automatically converted into a warrant to purchase shares of the company 2019s common stock , such that upon exercise of each warrant , the holder has a right to receive 3.575 shares of the company 2019s common stock in lieu of each share of spectrasite , inc .common stock that would have been receivable under each assumed warrant prior to the merger .upon completion of the company 2019s merger with spectrasite , inc. , these warrants were exercisable for approximately 6.8 million shares of common stock .of these warrants , warrants to purchase approximately none and 1.7 million shares of common stock remained outstanding as of december 31 , 2010 and 2009 , respectively .these warrants expired on february 10 , 2010 .stock repurchase program 2014during the year ended december 31 , 2010 , the company repurchased an aggregate of approximately 9.3 million shares of its common stock for an aggregate of $ 420.8 million , including commissions and fees , of which $ 418.6 million was paid in cash prior to december 31 , 2010 and $ 2.2 million was included in accounts payable and accrued expenses in the accompanying consolidated balance sheet as of december 31 , 2010 , pursuant to its publicly announced stock repurchase program , as described below. .
Question: what was the number of shares purchased by employees in 2009?
Steps: Ask for number 77509
Answer: 77509.0
Question: what was the average price paid per share?
Steps: Ask for number 23.91
Answer: 23.91
Question: what is the total value of shares purchased by employees in 2009?
| 1853240.19 | 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.
american tower corporation and subsidiaries notes to consolidated financial statements as of december 31 , 2010 , total unrecognized compensation expense related to unvested restricted stock units granted under the 2007 plan was $ 57.5 million and is expected to be recognized over a weighted average period of approximately two years .employee stock purchase plan 2014the company maintains an employee stock purchase plan ( 201cespp 201d ) for all eligible employees .under the espp , shares of the company 2019s common stock may be purchased during bi-annual offering periods at 85% ( 85 % ) of the lower of the fair market value on the first or the last day of each offering period .employees may purchase shares having a value not exceeding 15% ( 15 % ) of their gross compensation during an offering period and may not purchase more than $ 25000 worth of stock in a calendar year ( based on market values at the beginning of each offering period ) .the offering periods run from june 1 through november 30 and from december 1 through may 31 of each year .during the 2010 , 2009 and 2008 offering periods employees purchased 75354 , 77509 and 55764 shares , respectively , at weighted average prices per share of $ 34.16 , $ 23.91 and $ 30.08 , respectively .the fair value of the espp offerings is estimated on the offering period commencement date using a black-scholes pricing model with the expense recognized over the expected life , which is the six month offering period over which employees accumulate payroll deductions to purchase the company 2019s common stock .the weighted average fair value for the espp shares purchased during 2010 , 2009 and 2008 was $ 9.43 , $ 6.65 and $ 7.89 , respectively .at december 31 , 2010 , 8.7 million shares remain reserved for future issuance under the plan .key assumptions used to apply this pricing model for the years ended december 31 , are as follows: . | 2010 | 2009 | 2008
range of risk-free interest rate | 0.22% ( 0.22 % ) - 0.23% ( 0.23 % ) | 0.29% ( 0.29 % ) - 0.44% ( 0.44 % ) | 1.99% ( 1.99 % ) - 3.28% ( 3.28 % )
weighted average risk-free interest rate | 0.22% ( 0.22 % ) | 0.38% ( 0.38 % ) | 2.58% ( 2.58 % )
expected life of shares | 6 months | 6 months | 6 months
range of expected volatility of underlying stock price | 35.26% ( 35.26 % ) - 35.27% ( 35.27 % ) | 35.31% ( 35.31 % ) - 36.63% ( 36.63 % ) | 27.85% ( 27.85 % ) - 28.51% ( 28.51 % )
weighted average expected volatility of underlying stock price | 35.26% ( 35.26 % ) | 35.83% ( 35.83 % ) | 28.51% ( 28.51 % )
expected annual dividends | n/a | n/a | n/a 13 .stockholders 2019 equity warrants 2014in august 2005 , the company completed its merger with spectrasite , inc .and assumed outstanding warrants to purchase shares of spectrasite , inc .common stock .as of the merger completion date , each warrant was exercisable for two shares of spectrasite , inc .common stock at an exercise price of $ 32 per warrant .upon completion of the merger , each warrant to purchase shares of spectrasite , inc .common stock automatically converted into a warrant to purchase shares of the company 2019s common stock , such that upon exercise of each warrant , the holder has a right to receive 3.575 shares of the company 2019s common stock in lieu of each share of spectrasite , inc .common stock that would have been receivable under each assumed warrant prior to the merger .upon completion of the company 2019s merger with spectrasite , inc. , these warrants were exercisable for approximately 6.8 million shares of common stock .of these warrants , warrants to purchase approximately none and 1.7 million shares of common stock remained outstanding as of december 31 , 2010 and 2009 , respectively .these warrants expired on february 10 , 2010 .stock repurchase program 2014during the year ended december 31 , 2010 , the company repurchased an aggregate of approximately 9.3 million shares of its common stock for an aggregate of $ 420.8 million , including commissions and fees , of which $ 418.6 million was paid in cash prior to december 31 , 2010 and $ 2.2 million was included in accounts payable and accrued expenses in the accompanying consolidated balance sheet as of december 31 , 2010 , pursuant to its publicly announced stock repurchase program , as described below. .
Question: what was the number of shares purchased by employees in 2009?
Steps: Ask for number 77509
Answer: 77509.0
Question: what was the average price paid per share?
Steps: Ask for number 23.91
Answer: 23.91
Question: what is the total value of shares purchased by employees in 2009?
| convfinqa2248 |
american tower corporation and subsidiaries notes to consolidated financial statements as of december 31 , 2010 , total unrecognized compensation expense related to unvested restricted stock units granted under the 2007 plan was $ 57.5 million and is expected to be recognized over a weighted average period of approximately two years .employee stock purchase plan 2014the company maintains an employee stock purchase plan ( 201cespp 201d ) for all eligible employees .under the espp , shares of the company 2019s common stock may be purchased during bi-annual offering periods at 85% ( 85 % ) of the lower of the fair market value on the first or the last day of each offering period .employees may purchase shares having a value not exceeding 15% ( 15 % ) of their gross compensation during an offering period and may not purchase more than $ 25000 worth of stock in a calendar year ( based on market values at the beginning of each offering period ) .the offering periods run from june 1 through november 30 and from december 1 through may 31 of each year .during the 2010 , 2009 and 2008 offering periods employees purchased 75354 , 77509 and 55764 shares , respectively , at weighted average prices per share of $ 34.16 , $ 23.91 and $ 30.08 , respectively .the fair value of the espp offerings is estimated on the offering period commencement date using a black-scholes pricing model with the expense recognized over the expected life , which is the six month offering period over which employees accumulate payroll deductions to purchase the company 2019s common stock .the weighted average fair value for the espp shares purchased during 2010 , 2009 and 2008 was $ 9.43 , $ 6.65 and $ 7.89 , respectively .at december 31 , 2010 , 8.7 million shares remain reserved for future issuance under the plan .key assumptions used to apply this pricing model for the years ended december 31 , are as follows: . | 2010 | 2009 | 2008
range of risk-free interest rate | 0.22% ( 0.22 % ) - 0.23% ( 0.23 % ) | 0.29% ( 0.29 % ) - 0.44% ( 0.44 % ) | 1.99% ( 1.99 % ) - 3.28% ( 3.28 % )
weighted average risk-free interest rate | 0.22% ( 0.22 % ) | 0.38% ( 0.38 % ) | 2.58% ( 2.58 % )
expected life of shares | 6 months | 6 months | 6 months
range of expected volatility of underlying stock price | 35.26% ( 35.26 % ) - 35.27% ( 35.27 % ) | 35.31% ( 35.31 % ) - 36.63% ( 36.63 % ) | 27.85% ( 27.85 % ) - 28.51% ( 28.51 % )
weighted average expected volatility of underlying stock price | 35.26% ( 35.26 % ) | 35.83% ( 35.83 % ) | 28.51% ( 28.51 % )
expected annual dividends | n/a | n/a | n/a 13 .stockholders 2019 equity warrants 2014in august 2005 , the company completed its merger with spectrasite , inc .and assumed outstanding warrants to purchase shares of spectrasite , inc .common stock .as of the merger completion date , each warrant was exercisable for two shares of spectrasite , inc .common stock at an exercise price of $ 32 per warrant .upon completion of the merger , each warrant to purchase shares of spectrasite , inc .common stock automatically converted into a warrant to purchase shares of the company 2019s common stock , such that upon exercise of each warrant , the holder has a right to receive 3.575 shares of the company 2019s common stock in lieu of each share of spectrasite , inc .common stock that would have been receivable under each assumed warrant prior to the merger .upon completion of the company 2019s merger with spectrasite , inc. , these warrants were exercisable for approximately 6.8 million shares of common stock .of these warrants , warrants to purchase approximately none and 1.7 million shares of common stock remained outstanding as of december 31 , 2010 and 2009 , respectively .these warrants expired on february 10 , 2010 .stock repurchase program 2014during the year ended december 31 , 2010 , the company repurchased an aggregate of approximately 9.3 million shares of its common stock for an aggregate of $ 420.8 million , including commissions and fees , of which $ 418.6 million was paid in cash prior to december 31 , 2010 and $ 2.2 million was included in accounts payable and accrued expenses in the accompanying consolidated balance sheet as of december 31 , 2010 , pursuant to its publicly announced stock repurchase program , as described below. .
Question: what was the number of shares purchased by employees in 2009?
Steps: Ask for number 77509
Answer: 77509.0
Question: what was the average price paid per share?
Steps: Ask for number 23.91
Answer: 23.91
Question: what is the total value of shares purchased by employees in 2009?
Steps: multiply(77509, 23.91)
Answer: 1853240.19
Question: what is that value divided by 1,000,000?
| 1.85324 | 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.
american tower corporation and subsidiaries notes to consolidated financial statements as of december 31 , 2010 , total unrecognized compensation expense related to unvested restricted stock units granted under the 2007 plan was $ 57.5 million and is expected to be recognized over a weighted average period of approximately two years .employee stock purchase plan 2014the company maintains an employee stock purchase plan ( 201cespp 201d ) for all eligible employees .under the espp , shares of the company 2019s common stock may be purchased during bi-annual offering periods at 85% ( 85 % ) of the lower of the fair market value on the first or the last day of each offering period .employees may purchase shares having a value not exceeding 15% ( 15 % ) of their gross compensation during an offering period and may not purchase more than $ 25000 worth of stock in a calendar year ( based on market values at the beginning of each offering period ) .the offering periods run from june 1 through november 30 and from december 1 through may 31 of each year .during the 2010 , 2009 and 2008 offering periods employees purchased 75354 , 77509 and 55764 shares , respectively , at weighted average prices per share of $ 34.16 , $ 23.91 and $ 30.08 , respectively .the fair value of the espp offerings is estimated on the offering period commencement date using a black-scholes pricing model with the expense recognized over the expected life , which is the six month offering period over which employees accumulate payroll deductions to purchase the company 2019s common stock .the weighted average fair value for the espp shares purchased during 2010 , 2009 and 2008 was $ 9.43 , $ 6.65 and $ 7.89 , respectively .at december 31 , 2010 , 8.7 million shares remain reserved for future issuance under the plan .key assumptions used to apply this pricing model for the years ended december 31 , are as follows: . | 2010 | 2009 | 2008
range of risk-free interest rate | 0.22% ( 0.22 % ) - 0.23% ( 0.23 % ) | 0.29% ( 0.29 % ) - 0.44% ( 0.44 % ) | 1.99% ( 1.99 % ) - 3.28% ( 3.28 % )
weighted average risk-free interest rate | 0.22% ( 0.22 % ) | 0.38% ( 0.38 % ) | 2.58% ( 2.58 % )
expected life of shares | 6 months | 6 months | 6 months
range of expected volatility of underlying stock price | 35.26% ( 35.26 % ) - 35.27% ( 35.27 % ) | 35.31% ( 35.31 % ) - 36.63% ( 36.63 % ) | 27.85% ( 27.85 % ) - 28.51% ( 28.51 % )
weighted average expected volatility of underlying stock price | 35.26% ( 35.26 % ) | 35.83% ( 35.83 % ) | 28.51% ( 28.51 % )
expected annual dividends | n/a | n/a | n/a 13 .stockholders 2019 equity warrants 2014in august 2005 , the company completed its merger with spectrasite , inc .and assumed outstanding warrants to purchase shares of spectrasite , inc .common stock .as of the merger completion date , each warrant was exercisable for two shares of spectrasite , inc .common stock at an exercise price of $ 32 per warrant .upon completion of the merger , each warrant to purchase shares of spectrasite , inc .common stock automatically converted into a warrant to purchase shares of the company 2019s common stock , such that upon exercise of each warrant , the holder has a right to receive 3.575 shares of the company 2019s common stock in lieu of each share of spectrasite , inc .common stock that would have been receivable under each assumed warrant prior to the merger .upon completion of the company 2019s merger with spectrasite , inc. , these warrants were exercisable for approximately 6.8 million shares of common stock .of these warrants , warrants to purchase approximately none and 1.7 million shares of common stock remained outstanding as of december 31 , 2010 and 2009 , respectively .these warrants expired on february 10 , 2010 .stock repurchase program 2014during the year ended december 31 , 2010 , the company repurchased an aggregate of approximately 9.3 million shares of its common stock for an aggregate of $ 420.8 million , including commissions and fees , of which $ 418.6 million was paid in cash prior to december 31 , 2010 and $ 2.2 million was included in accounts payable and accrued expenses in the accompanying consolidated balance sheet as of december 31 , 2010 , pursuant to its publicly announced stock repurchase program , as described below. .
Question: what was the number of shares purchased by employees in 2009?
Steps: Ask for number 77509
Answer: 77509.0
Question: what was the average price paid per share?
Steps: Ask for number 23.91
Answer: 23.91
Question: what is the total value of shares purchased by employees in 2009?
Steps: multiply(77509, 23.91)
Answer: 1853240.19
Question: what is that value divided by 1,000,000?
| convfinqa2249 |
westrock company notes to consolidated financial statements 2014 ( continued ) note 20 .stockholders 2019 equity capitalization our capital stock consists solely of common stock .holders of our common stock are entitled to one vote per share .our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued .the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation .stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 .the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management .in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million .in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million .in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million .as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock .note 21 .share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan .the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) .the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors .the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) .shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation .the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 .in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 .( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans .we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended .the awards were converted into westrock awards using the conversion factor as described in the business combination agreement .( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan .the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. . | shares available for issuance | shares available for future grant | shares to be issued if performance is achieved at maximum | expect to make new awards
amended and restated 2016 incentive stock plan ( 1 ) | 11.7 | 5.1 | 2.3 | yes
2004 incentive stock plan ( 1 ) ( 2 ) | 15.8 | 3.1 | 0.0 | no
2005 performance incentive plan ( 1 ) ( 2 ) | 12.8 | 9.0 | 0.0 | no
rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) | 7.9 | 5.9 | 0.0 | no westrock company notes to consolidated financial statements 2014 ( continued ) note 20 .stockholders 2019 equity capitalization our capital stock consists solely of common stock .holders of our common stock are entitled to one vote per share .our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued .the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation .stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 .the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management .in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million .in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million .in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million .as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock .note 21 .share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan .the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) .the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors .the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) .shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation .the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 .in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 .( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans .we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended .the awards were converted into westrock awards using the conversion factor as described in the business combination agreement .( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan .the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. .
Question: how many shares were repurchased during 2017?
| 3.4 | 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.
westrock company notes to consolidated financial statements 2014 ( continued ) note 20 .stockholders 2019 equity capitalization our capital stock consists solely of common stock .holders of our common stock are entitled to one vote per share .our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued .the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation .stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 .the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management .in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million .in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million .in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million .as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock .note 21 .share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan .the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) .the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors .the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) .shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation .the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 .in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 .( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans .we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended .the awards were converted into westrock awards using the conversion factor as described in the business combination agreement .( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan .the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. . | shares available for issuance | shares available for future grant | shares to be issued if performance is achieved at maximum | expect to make new awards
amended and restated 2016 incentive stock plan ( 1 ) | 11.7 | 5.1 | 2.3 | yes
2004 incentive stock plan ( 1 ) ( 2 ) | 15.8 | 3.1 | 0.0 | no
2005 performance incentive plan ( 1 ) ( 2 ) | 12.8 | 9.0 | 0.0 | no
rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) | 7.9 | 5.9 | 0.0 | no westrock company notes to consolidated financial statements 2014 ( continued ) note 20 .stockholders 2019 equity capitalization our capital stock consists solely of common stock .holders of our common stock are entitled to one vote per share .our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued .the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation .stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 .the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management .in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million .in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million .in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million .as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock .note 21 .share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan .the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) .the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors .the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) .shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation .the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 .in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 .( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans .we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended .the awards were converted into westrock awards using the conversion factor as described in the business combination agreement .( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan .the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. .
Question: how many shares were repurchased during 2017?
| convfinqa2250 |
westrock company notes to consolidated financial statements 2014 ( continued ) note 20 .stockholders 2019 equity capitalization our capital stock consists solely of common stock .holders of our common stock are entitled to one vote per share .our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued .the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation .stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 .the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management .in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million .in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million .in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million .as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock .note 21 .share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan .the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) .the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors .the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) .shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation .the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 .in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 .( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans .we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended .the awards were converted into westrock awards using the conversion factor as described in the business combination agreement .( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan .the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. . | shares available for issuance | shares available for future grant | shares to be issued if performance is achieved at maximum | expect to make new awards
amended and restated 2016 incentive stock plan ( 1 ) | 11.7 | 5.1 | 2.3 | yes
2004 incentive stock plan ( 1 ) ( 2 ) | 15.8 | 3.1 | 0.0 | no
2005 performance incentive plan ( 1 ) ( 2 ) | 12.8 | 9.0 | 0.0 | no
rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) | 7.9 | 5.9 | 0.0 | no westrock company notes to consolidated financial statements 2014 ( continued ) note 20 .stockholders 2019 equity capitalization our capital stock consists solely of common stock .holders of our common stock are entitled to one vote per share .our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued .the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation .stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 .the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management .in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million .in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million .in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million .as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock .note 21 .share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan .the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) .the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors .the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) .shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation .the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 .in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 .( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans .we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended .the awards were converted into westrock awards using the conversion factor as described in the business combination agreement .( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan .the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. .
Question: how many shares were repurchased during 2017?
Steps: Ask for number 3.4
Answer: 3.4
Question: what about in 2018?
| 2.1 | 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.
westrock company notes to consolidated financial statements 2014 ( continued ) note 20 .stockholders 2019 equity capitalization our capital stock consists solely of common stock .holders of our common stock are entitled to one vote per share .our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued .the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation .stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 .the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management .in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million .in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million .in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million .as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock .note 21 .share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan .the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) .the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors .the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) .shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation .the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 .in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 .( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans .we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended .the awards were converted into westrock awards using the conversion factor as described in the business combination agreement .( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan .the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. . | shares available for issuance | shares available for future grant | shares to be issued if performance is achieved at maximum | expect to make new awards
amended and restated 2016 incentive stock plan ( 1 ) | 11.7 | 5.1 | 2.3 | yes
2004 incentive stock plan ( 1 ) ( 2 ) | 15.8 | 3.1 | 0.0 | no
2005 performance incentive plan ( 1 ) ( 2 ) | 12.8 | 9.0 | 0.0 | no
rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) | 7.9 | 5.9 | 0.0 | no westrock company notes to consolidated financial statements 2014 ( continued ) note 20 .stockholders 2019 equity capitalization our capital stock consists solely of common stock .holders of our common stock are entitled to one vote per share .our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued .the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation .stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 .the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management .in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million .in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million .in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million .as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock .note 21 .share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan .the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) .the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors .the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) .shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation .the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 .in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 .( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans .we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended .the awards were converted into westrock awards using the conversion factor as described in the business combination agreement .( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan .the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. .
Question: how many shares were repurchased during 2017?
Steps: Ask for number 3.4
Answer: 3.4
Question: what about in 2018?
| convfinqa2251 |
westrock company notes to consolidated financial statements 2014 ( continued ) note 20 .stockholders 2019 equity capitalization our capital stock consists solely of common stock .holders of our common stock are entitled to one vote per share .our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued .the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation .stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 .the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management .in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million .in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million .in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million .as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock .note 21 .share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan .the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) .the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors .the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) .shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation .the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 .in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 .( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans .we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended .the awards were converted into westrock awards using the conversion factor as described in the business combination agreement .( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan .the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. . | shares available for issuance | shares available for future grant | shares to be issued if performance is achieved at maximum | expect to make new awards
amended and restated 2016 incentive stock plan ( 1 ) | 11.7 | 5.1 | 2.3 | yes
2004 incentive stock plan ( 1 ) ( 2 ) | 15.8 | 3.1 | 0.0 | no
2005 performance incentive plan ( 1 ) ( 2 ) | 12.8 | 9.0 | 0.0 | no
rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) | 7.9 | 5.9 | 0.0 | no westrock company notes to consolidated financial statements 2014 ( continued ) note 20 .stockholders 2019 equity capitalization our capital stock consists solely of common stock .holders of our common stock are entitled to one vote per share .our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued .the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation .stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 .the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management .in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million .in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million .in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million .as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock .note 21 .share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan .the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) .the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors .the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) .shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation .the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 .in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 .( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans .we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended .the awards were converted into westrock awards using the conversion factor as described in the business combination agreement .( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan .the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. .
Question: how many shares were repurchased during 2017?
Steps: Ask for number 3.4
Answer: 3.4
Question: what about in 2018?
Steps: Ask for number 2.1
Answer: 2.1
Question: what is the total number repurchased for 2017 to 2018?
| 5.5 | 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.
westrock company notes to consolidated financial statements 2014 ( continued ) note 20 .stockholders 2019 equity capitalization our capital stock consists solely of common stock .holders of our common stock are entitled to one vote per share .our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued .the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation .stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 .the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management .in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million .in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million .in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million .as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock .note 21 .share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan .the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) .the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors .the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) .shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation .the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 .in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 .( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans .we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended .the awards were converted into westrock awards using the conversion factor as described in the business combination agreement .( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan .the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. . | shares available for issuance | shares available for future grant | shares to be issued if performance is achieved at maximum | expect to make new awards
amended and restated 2016 incentive stock plan ( 1 ) | 11.7 | 5.1 | 2.3 | yes
2004 incentive stock plan ( 1 ) ( 2 ) | 15.8 | 3.1 | 0.0 | no
2005 performance incentive plan ( 1 ) ( 2 ) | 12.8 | 9.0 | 0.0 | no
rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) | 7.9 | 5.9 | 0.0 | no westrock company notes to consolidated financial statements 2014 ( continued ) note 20 .stockholders 2019 equity capitalization our capital stock consists solely of common stock .holders of our common stock are entitled to one vote per share .our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued .the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation .stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 .the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management .in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million .in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million .in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million .as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock .note 21 .share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan .the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) .the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors .the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) .shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation .the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 .in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 .( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans .we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended .the awards were converted into westrock awards using the conversion factor as described in the business combination agreement .( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan .the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. .
Question: how many shares were repurchased during 2017?
Steps: Ask for number 3.4
Answer: 3.4
Question: what about in 2018?
Steps: Ask for number 2.1
Answer: 2.1
Question: what is the total number repurchased for 2017 to 2018?
| convfinqa2252 |
westrock company notes to consolidated financial statements 2014 ( continued ) note 20 .stockholders 2019 equity capitalization our capital stock consists solely of common stock .holders of our common stock are entitled to one vote per share .our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued .the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation .stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 .the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management .in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million .in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million .in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million .as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock .note 21 .share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan .the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) .the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors .the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) .shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation .the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 .in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 .( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans .we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended .the awards were converted into westrock awards using the conversion factor as described in the business combination agreement .( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan .the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. . | shares available for issuance | shares available for future grant | shares to be issued if performance is achieved at maximum | expect to make new awards
amended and restated 2016 incentive stock plan ( 1 ) | 11.7 | 5.1 | 2.3 | yes
2004 incentive stock plan ( 1 ) ( 2 ) | 15.8 | 3.1 | 0.0 | no
2005 performance incentive plan ( 1 ) ( 2 ) | 12.8 | 9.0 | 0.0 | no
rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) | 7.9 | 5.9 | 0.0 | no westrock company notes to consolidated financial statements 2014 ( continued ) note 20 .stockholders 2019 equity capitalization our capital stock consists solely of common stock .holders of our common stock are entitled to one vote per share .our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued .the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation .stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 .the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management .in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million .in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million .in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million .as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock .note 21 .share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan .the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) .the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors .the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) .shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation .the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 .in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 .( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans .we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended .the awards were converted into westrock awards using the conversion factor as described in the business combination agreement .( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan .the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. .
Question: how many shares were repurchased during 2017?
Steps: Ask for number 3.4
Answer: 3.4
Question: what about in 2018?
Steps: Ask for number 2.1
Answer: 2.1
Question: what is the total number repurchased for 2017 to 2018?
Steps: add(3.4, 2.1)
Answer: 5.5
Question: what about in 2019?
| 1.8 | 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.
westrock company notes to consolidated financial statements 2014 ( continued ) note 20 .stockholders 2019 equity capitalization our capital stock consists solely of common stock .holders of our common stock are entitled to one vote per share .our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued .the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation .stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 .the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management .in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million .in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million .in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million .as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock .note 21 .share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan .the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) .the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors .the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) .shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation .the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 .in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 .( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans .we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended .the awards were converted into westrock awards using the conversion factor as described in the business combination agreement .( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan .the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. . | shares available for issuance | shares available for future grant | shares to be issued if performance is achieved at maximum | expect to make new awards
amended and restated 2016 incentive stock plan ( 1 ) | 11.7 | 5.1 | 2.3 | yes
2004 incentive stock plan ( 1 ) ( 2 ) | 15.8 | 3.1 | 0.0 | no
2005 performance incentive plan ( 1 ) ( 2 ) | 12.8 | 9.0 | 0.0 | no
rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) | 7.9 | 5.9 | 0.0 | no westrock company notes to consolidated financial statements 2014 ( continued ) note 20 .stockholders 2019 equity capitalization our capital stock consists solely of common stock .holders of our common stock are entitled to one vote per share .our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued .the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation .stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 .the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management .in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million .in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million .in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million .as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock .note 21 .share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan .the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) .the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors .the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) .shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation .the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 .in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 .( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans .we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended .the awards were converted into westrock awards using the conversion factor as described in the business combination agreement .( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan .the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. .
Question: how many shares were repurchased during 2017?
Steps: Ask for number 3.4
Answer: 3.4
Question: what about in 2018?
Steps: Ask for number 2.1
Answer: 2.1
Question: what is the total number repurchased for 2017 to 2018?
Steps: add(3.4, 2.1)
Answer: 5.5
Question: what about in 2019?
| convfinqa2253 |
westrock company notes to consolidated financial statements 2014 ( continued ) note 20 .stockholders 2019 equity capitalization our capital stock consists solely of common stock .holders of our common stock are entitled to one vote per share .our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued .the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation .stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 .the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management .in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million .in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million .in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million .as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock .note 21 .share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan .the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) .the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors .the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) .shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation .the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 .in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 .( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans .we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended .the awards were converted into westrock awards using the conversion factor as described in the business combination agreement .( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan .the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. . | shares available for issuance | shares available for future grant | shares to be issued if performance is achieved at maximum | expect to make new awards
amended and restated 2016 incentive stock plan ( 1 ) | 11.7 | 5.1 | 2.3 | yes
2004 incentive stock plan ( 1 ) ( 2 ) | 15.8 | 3.1 | 0.0 | no
2005 performance incentive plan ( 1 ) ( 2 ) | 12.8 | 9.0 | 0.0 | no
rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) | 7.9 | 5.9 | 0.0 | no westrock company notes to consolidated financial statements 2014 ( continued ) note 20 .stockholders 2019 equity capitalization our capital stock consists solely of common stock .holders of our common stock are entitled to one vote per share .our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued .the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation .stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 .the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management .in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million .in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million .in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million .as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock .note 21 .share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan .the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) .the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors .the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) .shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation .the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 .in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 .( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans .we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended .the awards were converted into westrock awards using the conversion factor as described in the business combination agreement .( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan .the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. .
Question: how many shares were repurchased during 2017?
Steps: Ask for number 3.4
Answer: 3.4
Question: what about in 2018?
Steps: Ask for number 2.1
Answer: 2.1
Question: what is the total number repurchased for 2017 to 2018?
Steps: add(3.4, 2.1)
Answer: 5.5
Question: what about in 2019?
Steps: Ask for number 1.8
Answer: 1.8
Question: what is the total for three years?
| 7.3 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
westrock company notes to consolidated financial statements 2014 ( continued ) note 20 .stockholders 2019 equity capitalization our capital stock consists solely of common stock .holders of our common stock are entitled to one vote per share .our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued .the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation .stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 .the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management .in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million .in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million .in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million .as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock .note 21 .share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan .the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) .the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors .the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) .shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation .the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 .in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 .( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans .we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended .the awards were converted into westrock awards using the conversion factor as described in the business combination agreement .( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan .the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. . | shares available for issuance | shares available for future grant | shares to be issued if performance is achieved at maximum | expect to make new awards
amended and restated 2016 incentive stock plan ( 1 ) | 11.7 | 5.1 | 2.3 | yes
2004 incentive stock plan ( 1 ) ( 2 ) | 15.8 | 3.1 | 0.0 | no
2005 performance incentive plan ( 1 ) ( 2 ) | 12.8 | 9.0 | 0.0 | no
rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) | 7.9 | 5.9 | 0.0 | no westrock company notes to consolidated financial statements 2014 ( continued ) note 20 .stockholders 2019 equity capitalization our capital stock consists solely of common stock .holders of our common stock are entitled to one vote per share .our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued .the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation .stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 .the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management .in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million .in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million .in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million .as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock .note 21 .share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan .the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) .the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors .the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) .shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation .the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 .in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 .( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans .we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended .the awards were converted into westrock awards using the conversion factor as described in the business combination agreement .( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan .the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. .
Question: how many shares were repurchased during 2017?
Steps: Ask for number 3.4
Answer: 3.4
Question: what about in 2018?
Steps: Ask for number 2.1
Answer: 2.1
Question: what is the total number repurchased for 2017 to 2018?
Steps: add(3.4, 2.1)
Answer: 5.5
Question: what about in 2019?
Steps: Ask for number 1.8
Answer: 1.8
Question: what is the total for three years?
| convfinqa2254 |
westrock company notes to consolidated financial statements 2014 ( continued ) note 20 .stockholders 2019 equity capitalization our capital stock consists solely of common stock .holders of our common stock are entitled to one vote per share .our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued .the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation .stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 .the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management .in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million .in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million .in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million .as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock .note 21 .share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan .the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) .the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors .the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) .shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation .the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 .in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 .( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans .we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended .the awards were converted into westrock awards using the conversion factor as described in the business combination agreement .( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan .the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. . | shares available for issuance | shares available for future grant | shares to be issued if performance is achieved at maximum | expect to make new awards
amended and restated 2016 incentive stock plan ( 1 ) | 11.7 | 5.1 | 2.3 | yes
2004 incentive stock plan ( 1 ) ( 2 ) | 15.8 | 3.1 | 0.0 | no
2005 performance incentive plan ( 1 ) ( 2 ) | 12.8 | 9.0 | 0.0 | no
rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) | 7.9 | 5.9 | 0.0 | no westrock company notes to consolidated financial statements 2014 ( continued ) note 20 .stockholders 2019 equity capitalization our capital stock consists solely of common stock .holders of our common stock are entitled to one vote per share .our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued .the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation .stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 .the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management .in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million .in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million .in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million .as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock .note 21 .share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan .the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) .the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors .the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) .shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation .the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 .in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 .( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans .we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended .the awards were converted into westrock awards using the conversion factor as described in the business combination agreement .( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan .the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. .
Question: how many shares were repurchased during 2017?
Steps: Ask for number 3.4
Answer: 3.4
Question: what about in 2018?
Steps: Ask for number 2.1
Answer: 2.1
Question: what is the total number repurchased for 2017 to 2018?
Steps: add(3.4, 2.1)
Answer: 5.5
Question: what about in 2019?
Steps: Ask for number 1.8
Answer: 1.8
Question: what is the total for three years?
Steps: add(#0, 1.8)
Answer: 7.3
Question: what is the total amount spent in 2018 and 2019 for stock repurchases?
| 283.7 | 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.
westrock company notes to consolidated financial statements 2014 ( continued ) note 20 .stockholders 2019 equity capitalization our capital stock consists solely of common stock .holders of our common stock are entitled to one vote per share .our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued .the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation .stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 .the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management .in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million .in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million .in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million .as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock .note 21 .share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan .the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) .the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors .the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) .shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation .the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 .in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 .( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans .we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended .the awards were converted into westrock awards using the conversion factor as described in the business combination agreement .( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan .the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. . | shares available for issuance | shares available for future grant | shares to be issued if performance is achieved at maximum | expect to make new awards
amended and restated 2016 incentive stock plan ( 1 ) | 11.7 | 5.1 | 2.3 | yes
2004 incentive stock plan ( 1 ) ( 2 ) | 15.8 | 3.1 | 0.0 | no
2005 performance incentive plan ( 1 ) ( 2 ) | 12.8 | 9.0 | 0.0 | no
rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) | 7.9 | 5.9 | 0.0 | no westrock company notes to consolidated financial statements 2014 ( continued ) note 20 .stockholders 2019 equity capitalization our capital stock consists solely of common stock .holders of our common stock are entitled to one vote per share .our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued .the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation .stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 .the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management .in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million .in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million .in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million .as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock .note 21 .share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan .the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) .the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors .the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) .shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation .the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 .in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 .( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans .we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended .the awards were converted into westrock awards using the conversion factor as described in the business combination agreement .( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan .the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. .
Question: how many shares were repurchased during 2017?
Steps: Ask for number 3.4
Answer: 3.4
Question: what about in 2018?
Steps: Ask for number 2.1
Answer: 2.1
Question: what is the total number repurchased for 2017 to 2018?
Steps: add(3.4, 2.1)
Answer: 5.5
Question: what about in 2019?
Steps: Ask for number 1.8
Answer: 1.8
Question: what is the total for three years?
Steps: add(#0, 1.8)
Answer: 7.3
Question: what is the total amount spent in 2018 and 2019 for stock repurchases?
| convfinqa2255 |
westrock company notes to consolidated financial statements 2014 ( continued ) note 20 .stockholders 2019 equity capitalization our capital stock consists solely of common stock .holders of our common stock are entitled to one vote per share .our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued .the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation .stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 .the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management .in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million .in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million .in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million .as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock .note 21 .share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan .the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) .the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors .the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) .shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation .the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 .in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 .( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans .we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended .the awards were converted into westrock awards using the conversion factor as described in the business combination agreement .( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan .the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. . | shares available for issuance | shares available for future grant | shares to be issued if performance is achieved at maximum | expect to make new awards
amended and restated 2016 incentive stock plan ( 1 ) | 11.7 | 5.1 | 2.3 | yes
2004 incentive stock plan ( 1 ) ( 2 ) | 15.8 | 3.1 | 0.0 | no
2005 performance incentive plan ( 1 ) ( 2 ) | 12.8 | 9.0 | 0.0 | no
rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) | 7.9 | 5.9 | 0.0 | no westrock company notes to consolidated financial statements 2014 ( continued ) note 20 .stockholders 2019 equity capitalization our capital stock consists solely of common stock .holders of our common stock are entitled to one vote per share .our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued .the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation .stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 .the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management .in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million .in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million .in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million .as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock .note 21 .share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan .the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) .the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors .the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) .shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation .the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 .in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 .( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans .we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended .the awards were converted into westrock awards using the conversion factor as described in the business combination agreement .( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan .the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. .
Question: how many shares were repurchased during 2017?
Steps: Ask for number 3.4
Answer: 3.4
Question: what about in 2018?
Steps: Ask for number 2.1
Answer: 2.1
Question: what is the total number repurchased for 2017 to 2018?
Steps: add(3.4, 2.1)
Answer: 5.5
Question: what about in 2019?
Steps: Ask for number 1.8
Answer: 1.8
Question: what is the total for three years?
Steps: add(#0, 1.8)
Answer: 7.3
Question: what is the total amount spent in 2018 and 2019 for stock repurchases?
Steps: add(88.6, 195.1)
Answer: 283.7
Question: what about if the amount spent in 2017 is added?
| 376.7 | 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.
westrock company notes to consolidated financial statements 2014 ( continued ) note 20 .stockholders 2019 equity capitalization our capital stock consists solely of common stock .holders of our common stock are entitled to one vote per share .our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued .the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation .stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 .the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management .in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million .in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million .in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million .as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock .note 21 .share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan .the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) .the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors .the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) .shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation .the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 .in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 .( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans .we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended .the awards were converted into westrock awards using the conversion factor as described in the business combination agreement .( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan .the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. . | shares available for issuance | shares available for future grant | shares to be issued if performance is achieved at maximum | expect to make new awards
amended and restated 2016 incentive stock plan ( 1 ) | 11.7 | 5.1 | 2.3 | yes
2004 incentive stock plan ( 1 ) ( 2 ) | 15.8 | 3.1 | 0.0 | no
2005 performance incentive plan ( 1 ) ( 2 ) | 12.8 | 9.0 | 0.0 | no
rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) | 7.9 | 5.9 | 0.0 | no westrock company notes to consolidated financial statements 2014 ( continued ) note 20 .stockholders 2019 equity capitalization our capital stock consists solely of common stock .holders of our common stock are entitled to one vote per share .our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued .the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation .stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 .the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management .in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million .in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million .in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million .as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock .note 21 .share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan .the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) .the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors .the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) .shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation .the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 .in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 .( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans .we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended .the awards were converted into westrock awards using the conversion factor as described in the business combination agreement .( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan .the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. .
Question: how many shares were repurchased during 2017?
Steps: Ask for number 3.4
Answer: 3.4
Question: what about in 2018?
Steps: Ask for number 2.1
Answer: 2.1
Question: what is the total number repurchased for 2017 to 2018?
Steps: add(3.4, 2.1)
Answer: 5.5
Question: what about in 2019?
Steps: Ask for number 1.8
Answer: 1.8
Question: what is the total for three years?
Steps: add(#0, 1.8)
Answer: 7.3
Question: what is the total amount spent in 2018 and 2019 for stock repurchases?
Steps: add(88.6, 195.1)
Answer: 283.7
Question: what about if the amount spent in 2017 is added?
| convfinqa2256 |
westrock company notes to consolidated financial statements 2014 ( continued ) note 20 .stockholders 2019 equity capitalization our capital stock consists solely of common stock .holders of our common stock are entitled to one vote per share .our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued .the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation .stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 .the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management .in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million .in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million .in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million .as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock .note 21 .share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan .the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) .the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors .the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) .shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation .the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 .in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 .( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans .we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended .the awards were converted into westrock awards using the conversion factor as described in the business combination agreement .( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan .the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. . | shares available for issuance | shares available for future grant | shares to be issued if performance is achieved at maximum | expect to make new awards
amended and restated 2016 incentive stock plan ( 1 ) | 11.7 | 5.1 | 2.3 | yes
2004 incentive stock plan ( 1 ) ( 2 ) | 15.8 | 3.1 | 0.0 | no
2005 performance incentive plan ( 1 ) ( 2 ) | 12.8 | 9.0 | 0.0 | no
rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) | 7.9 | 5.9 | 0.0 | no westrock company notes to consolidated financial statements 2014 ( continued ) note 20 .stockholders 2019 equity capitalization our capital stock consists solely of common stock .holders of our common stock are entitled to one vote per share .our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued .the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation .stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 .the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management .in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million .in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million .in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million .as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock .note 21 .share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan .the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) .the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors .the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) .shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation .the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 .in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 .( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans .we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended .the awards were converted into westrock awards using the conversion factor as described in the business combination agreement .( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan .the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. .
Question: how many shares were repurchased during 2017?
Steps: Ask for number 3.4
Answer: 3.4
Question: what about in 2018?
Steps: Ask for number 2.1
Answer: 2.1
Question: what is the total number repurchased for 2017 to 2018?
Steps: add(3.4, 2.1)
Answer: 5.5
Question: what about in 2019?
Steps: Ask for number 1.8
Answer: 1.8
Question: what is the total for three years?
Steps: add(#0, 1.8)
Answer: 7.3
Question: what is the total amount spent in 2018 and 2019 for stock repurchases?
Steps: add(88.6, 195.1)
Answer: 283.7
Question: what about if the amount spent in 2017 is added?
Steps: add(#2, 93.0)
Answer: 376.7
Question: what is average price per share repurchased during these three years?
| 51.60274 | 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.
westrock company notes to consolidated financial statements 2014 ( continued ) note 20 .stockholders 2019 equity capitalization our capital stock consists solely of common stock .holders of our common stock are entitled to one vote per share .our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued .the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation .stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 .the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management .in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million .in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million .in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million .as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock .note 21 .share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan .the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) .the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors .the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) .shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation .the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 .in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 .( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans .we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended .the awards were converted into westrock awards using the conversion factor as described in the business combination agreement .( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan .the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. . | shares available for issuance | shares available for future grant | shares to be issued if performance is achieved at maximum | expect to make new awards
amended and restated 2016 incentive stock plan ( 1 ) | 11.7 | 5.1 | 2.3 | yes
2004 incentive stock plan ( 1 ) ( 2 ) | 15.8 | 3.1 | 0.0 | no
2005 performance incentive plan ( 1 ) ( 2 ) | 12.8 | 9.0 | 0.0 | no
rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) | 7.9 | 5.9 | 0.0 | no westrock company notes to consolidated financial statements 2014 ( continued ) note 20 .stockholders 2019 equity capitalization our capital stock consists solely of common stock .holders of our common stock are entitled to one vote per share .our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued .the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation .stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 .the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management .in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million .in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million .in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million .as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock .note 21 .share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan .the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) .the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors .the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) .shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation .the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 .in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 .( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans .we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended .the awards were converted into westrock awards using the conversion factor as described in the business combination agreement .( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan .the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. .
Question: how many shares were repurchased during 2017?
Steps: Ask for number 3.4
Answer: 3.4
Question: what about in 2018?
Steps: Ask for number 2.1
Answer: 2.1
Question: what is the total number repurchased for 2017 to 2018?
Steps: add(3.4, 2.1)
Answer: 5.5
Question: what about in 2019?
Steps: Ask for number 1.8
Answer: 1.8
Question: what is the total for three years?
Steps: add(#0, 1.8)
Answer: 7.3
Question: what is the total amount spent in 2018 and 2019 for stock repurchases?
Steps: add(88.6, 195.1)
Answer: 283.7
Question: what about if the amount spent in 2017 is added?
Steps: add(#2, 93.0)
Answer: 376.7
Question: what is average price per share repurchased during these three years?
| convfinqa2257 |
westrock company notes to consolidated financial statements 2014 ( continued ) note 20 .stockholders 2019 equity capitalization our capital stock consists solely of common stock .holders of our common stock are entitled to one vote per share .our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued .the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation .stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 .the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management .in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million .in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million .in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million .as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock .note 21 .share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan .the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) .the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors .the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) .shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation .the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 .in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 .( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans .we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended .the awards were converted into westrock awards using the conversion factor as described in the business combination agreement .( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan .the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. . | shares available for issuance | shares available for future grant | shares to be issued if performance is achieved at maximum | expect to make new awards
amended and restated 2016 incentive stock plan ( 1 ) | 11.7 | 5.1 | 2.3 | yes
2004 incentive stock plan ( 1 ) ( 2 ) | 15.8 | 3.1 | 0.0 | no
2005 performance incentive plan ( 1 ) ( 2 ) | 12.8 | 9.0 | 0.0 | no
rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) | 7.9 | 5.9 | 0.0 | no westrock company notes to consolidated financial statements 2014 ( continued ) note 20 .stockholders 2019 equity capitalization our capital stock consists solely of common stock .holders of our common stock are entitled to one vote per share .our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued .the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation .stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 .the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management .in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million .in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million .in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million .as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock .note 21 .share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan .the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) .the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors .the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) .shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation .the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 .in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 .( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans .we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended .the awards were converted into westrock awards using the conversion factor as described in the business combination agreement .( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan .the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. .
Question: how many shares were repurchased during 2017?
Steps: Ask for number 3.4
Answer: 3.4
Question: what about in 2018?
Steps: Ask for number 2.1
Answer: 2.1
Question: what is the total number repurchased for 2017 to 2018?
Steps: add(3.4, 2.1)
Answer: 5.5
Question: what about in 2019?
Steps: Ask for number 1.8
Answer: 1.8
Question: what is the total for three years?
Steps: add(#0, 1.8)
Answer: 7.3
Question: what is the total amount spent in 2018 and 2019 for stock repurchases?
Steps: add(88.6, 195.1)
Answer: 283.7
Question: what about if the amount spent in 2017 is added?
Steps: add(#2, 93.0)
Answer: 376.7
Question: what is average price per share repurchased during these three years?
Steps: divide(#3, #1)
Answer: 51.60274
Question: what about the average share price for repurchases during 2019?
| 42.19048 | 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.
westrock company notes to consolidated financial statements 2014 ( continued ) note 20 .stockholders 2019 equity capitalization our capital stock consists solely of common stock .holders of our common stock are entitled to one vote per share .our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued .the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation .stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 .the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management .in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million .in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million .in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million .as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock .note 21 .share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan .the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) .the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors .the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) .shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation .the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 .in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 .( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans .we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended .the awards were converted into westrock awards using the conversion factor as described in the business combination agreement .( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan .the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. . | shares available for issuance | shares available for future grant | shares to be issued if performance is achieved at maximum | expect to make new awards
amended and restated 2016 incentive stock plan ( 1 ) | 11.7 | 5.1 | 2.3 | yes
2004 incentive stock plan ( 1 ) ( 2 ) | 15.8 | 3.1 | 0.0 | no
2005 performance incentive plan ( 1 ) ( 2 ) | 12.8 | 9.0 | 0.0 | no
rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) | 7.9 | 5.9 | 0.0 | no westrock company notes to consolidated financial statements 2014 ( continued ) note 20 .stockholders 2019 equity capitalization our capital stock consists solely of common stock .holders of our common stock are entitled to one vote per share .our amended and restated certificate of incorporation also authorizes preferred stock , of which no shares have been issued .the terms and provisions of such shares will be determined by our board of directors upon any issuance of such shares in accordance with our certificate of incorporation .stock repurchase plan in july 2015 , our board of directors authorized a repurchase program of up to 40.0 million shares of our common stock , representing approximately 15% ( 15 % ) of our outstanding common stock as of july 1 , 2015 .the shares of our common stock may be repurchased over an indefinite period of time at the discretion of management .in fiscal 2019 , we repurchased approximately 2.1 million shares of our common stock for an aggregate cost of $ 88.6 million .in fiscal 2018 , we repurchased approximately 3.4 million shares of our common stock for an aggregate cost of $ 195.1 million .in fiscal 2017 , we repurchased approximately 1.8 million shares of our common stock for an aggregate cost of $ 93.0 million .as of september 30 , 2019 , we had remaining authorization under the repurchase program authorized in july 2015 to purchase approximately 19.1 million shares of our common stock .note 21 .share-based compensation share-based compensation plans at our annual meeting of stockholders held on february 2 , 2016 , our stockholders approved the westrock company 2016 incentive stock plan .the 2016 incentive stock plan was amended and restated on february 2 , 2018 ( the 201camended and restated 2016 incentive stock plan 201d ) .the amended and restated 2016 incentive stock plan allows for the granting of options , restricted stock , sars and restricted stock units to certain key employees and directors .the table below shows the approximate number of shares : available for issuance , available for future grant , to be issued if restricted awards granted with a performance condition recorded at target achieve the maximum award , and if new grants pursuant to the plan are expected to be issued , each as adjusted as necessary for corporate actions ( in millions ) .shares available issuance shares available for future shares to be issued if performance is achieved at maximum expect to awards amended and restated 2016 incentive stock plan ( 1 ) 11.7 5.1 2.3 yes 2004 incentive stock plan ( 1 ) ( 2 ) 15.8 3.1 0.0 no 2005 performance incentive plan ( 1 ) ( 2 ) 12.8 9.0 0.0 no rocktenn ( sscc ) equity inventive plan ( 1 ) ( 3 ) 7.9 5.9 0.0 no ( 1 ) as part of the separation , equity-based incentive awards were generally adjusted to maintain the intrinsic value of awards immediately prior to the separation .the number of unvested restricted stock awards and unexercised stock options and sars at the time of the separation were increased by an exchange factor of approximately 1.12 .in addition , the exercise price of unexercised stock options and sars at the time of the separation was converted to decrease the exercise price by an exchange factor of approximately 1.12 .( 2 ) in connection with the combination , westrock assumed all rocktenn and mwv equity incentive plans .we issued awards to certain key employees and our directors pursuant to our rocktenn 2004 incentive stock plan , as amended , and our mwv 2005 performance incentive plan , as amended .the awards were converted into westrock awards using the conversion factor as described in the business combination agreement .( 3 ) in connection with the smurfit-stone acquisition , we assumed the smurfit-stone equity incentive plan , which was renamed the rock-tenn company ( sscc ) equity incentive plan .the awards were converted into shares of rocktenn common stock , options and restricted stock units , as applicable , using the conversion factor as described in the merger agreement. .
Question: how many shares were repurchased during 2017?
Steps: Ask for number 3.4
Answer: 3.4
Question: what about in 2018?
Steps: Ask for number 2.1
Answer: 2.1
Question: what is the total number repurchased for 2017 to 2018?
Steps: add(3.4, 2.1)
Answer: 5.5
Question: what about in 2019?
Steps: Ask for number 1.8
Answer: 1.8
Question: what is the total for three years?
Steps: add(#0, 1.8)
Answer: 7.3
Question: what is the total amount spent in 2018 and 2019 for stock repurchases?
Steps: add(88.6, 195.1)
Answer: 283.7
Question: what about if the amount spent in 2017 is added?
Steps: add(#2, 93.0)
Answer: 376.7
Question: what is average price per share repurchased during these three years?
Steps: divide(#3, #1)
Answer: 51.60274
Question: what about the average share price for repurchases during 2019?
| convfinqa2258 |
2022 asset utilization 2013 in response to economic conditions and lower revenue in 2009 , we implemented productivity initiatives to improve efficiency and reduce costs , in addition to adjusting our resources to reflect lower demand .although varying throughout the year , our resource reductions included removing from service approximately 26% ( 26 % ) of our road locomotives and 18% ( 18 % ) of our freight car inventory by year end .we also reduced shift levels at most rail facilities and closed or significantly reduced operations in 30 of our 114 principal rail yards .these demand-driven resource adjustments and our productivity initiatives combined to reduce our workforce by 10% ( 10 % ) .2022 fuel prices 2013 as the economy worsened during the third and fourth quarters of 2008 , fuel prices dropped dramatically , reaching $ 33.87 per barrel in december 2008 , a near five-year low .throughout 2009 , crude oil prices generally increased , ending the year around $ 80 per barrel .overall , our average fuel price decreased by 44% ( 44 % ) in 2009 , reducing operating expenses by $ 1.3 billion compared to 2008 .we also reduced our consumption rate by 4% ( 4 % ) during the year , saving approximately 40 million gallons of fuel .the use of newer , more fuel efficient locomotives ; increased use of distributed locomotive power ; fuel conservation programs ; and improved network operations and asset utilization all contributed to this improvement .2022 free cash flow 2013 cash generated by operating activities totaled $ 3.2 billion , yielding free cash flow of $ 515 million in 2009 .free cash flow is defined as cash provided by operating activities , less cash used in investing activities and dividends paid .free cash flow is not considered a financial measure under accounting principles generally accepted in the united states ( gaap ) by sec regulation g and item 10 of sec regulation s-k .we believe free cash flow is important in evaluating our financial performance and measures our ability to generate cash without additional external financings .free cash flow should be considered in addition to , rather than as a substitute for , cash provided by operating activities .the following table reconciles cash provided by operating activities ( gaap measure ) to free cash flow ( non-gaap measure ) : millions of dollars 2009 2008 2007 . millions of dollars | 2009 | 2008 | 2007
cash provided by operating activities | $ 3234 | $ 4070 | $ 3277
cash used in investing activities | -2175 ( 2175 ) | -2764 ( 2764 ) | -2426 ( 2426 )
dividends paid | -544 ( 544 ) | -481 ( 481 ) | -364 ( 364 )
free cash flow | $ 515 | $ 825 | $ 487 2010 outlook 2022 safety 2013 operating a safe railroad benefits our employees , our customers , our shareholders , and the public .we will continue using a multi-faceted approach to safety , utilizing technology , risk assessment , quality control , and training , and by engaging our employees .we will continue implementing total safety culture ( tsc ) throughout our operations .tsc is designed to establish , maintain , reinforce , and promote safe practices among co-workers .this process allows us to identify and implement best practices for employee and operational safety .reducing grade-crossing incidents is a critical aspect of our safety programs , and we will continue our efforts to maintain , upgrade , and close crossings ; install video cameras on locomotives ; and educate the public about crossing safety through our own programs , various industry programs , and other activities .2022 transportation plan 2013 to build upon our success in recent years , we will continue evaluating traffic flows and network logistic patterns , which can be quite dynamic from year-to-year , to identify additional opportunities to simplify operations , remove network variability and improve network efficiency and asset utilization .we plan to adjust manpower and our locomotive and rail car fleets to .
Question: what is 1 divided by 1?
| 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.
2022 asset utilization 2013 in response to economic conditions and lower revenue in 2009 , we implemented productivity initiatives to improve efficiency and reduce costs , in addition to adjusting our resources to reflect lower demand .although varying throughout the year , our resource reductions included removing from service approximately 26% ( 26 % ) of our road locomotives and 18% ( 18 % ) of our freight car inventory by year end .we also reduced shift levels at most rail facilities and closed or significantly reduced operations in 30 of our 114 principal rail yards .these demand-driven resource adjustments and our productivity initiatives combined to reduce our workforce by 10% ( 10 % ) .2022 fuel prices 2013 as the economy worsened during the third and fourth quarters of 2008 , fuel prices dropped dramatically , reaching $ 33.87 per barrel in december 2008 , a near five-year low .throughout 2009 , crude oil prices generally increased , ending the year around $ 80 per barrel .overall , our average fuel price decreased by 44% ( 44 % ) in 2009 , reducing operating expenses by $ 1.3 billion compared to 2008 .we also reduced our consumption rate by 4% ( 4 % ) during the year , saving approximately 40 million gallons of fuel .the use of newer , more fuel efficient locomotives ; increased use of distributed locomotive power ; fuel conservation programs ; and improved network operations and asset utilization all contributed to this improvement .2022 free cash flow 2013 cash generated by operating activities totaled $ 3.2 billion , yielding free cash flow of $ 515 million in 2009 .free cash flow is defined as cash provided by operating activities , less cash used in investing activities and dividends paid .free cash flow is not considered a financial measure under accounting principles generally accepted in the united states ( gaap ) by sec regulation g and item 10 of sec regulation s-k .we believe free cash flow is important in evaluating our financial performance and measures our ability to generate cash without additional external financings .free cash flow should be considered in addition to , rather than as a substitute for , cash provided by operating activities .the following table reconciles cash provided by operating activities ( gaap measure ) to free cash flow ( non-gaap measure ) : millions of dollars 2009 2008 2007 . millions of dollars | 2009 | 2008 | 2007
cash provided by operating activities | $ 3234 | $ 4070 | $ 3277
cash used in investing activities | -2175 ( 2175 ) | -2764 ( 2764 ) | -2426 ( 2426 )
dividends paid | -544 ( 544 ) | -481 ( 481 ) | -364 ( 364 )
free cash flow | $ 515 | $ 825 | $ 487 2010 outlook 2022 safety 2013 operating a safe railroad benefits our employees , our customers , our shareholders , and the public .we will continue using a multi-faceted approach to safety , utilizing technology , risk assessment , quality control , and training , and by engaging our employees .we will continue implementing total safety culture ( tsc ) throughout our operations .tsc is designed to establish , maintain , reinforce , and promote safe practices among co-workers .this process allows us to identify and implement best practices for employee and operational safety .reducing grade-crossing incidents is a critical aspect of our safety programs , and we will continue our efforts to maintain , upgrade , and close crossings ; install video cameras on locomotives ; and educate the public about crossing safety through our own programs , various industry programs , and other activities .2022 transportation plan 2013 to build upon our success in recent years , we will continue evaluating traffic flows and network logistic patterns , which can be quite dynamic from year-to-year , to identify additional opportunities to simplify operations , remove network variability and improve network efficiency and asset utilization .we plan to adjust manpower and our locomotive and rail car fleets to .
Question: what is 1 divided by 1?
| convfinqa2259 |
2022 asset utilization 2013 in response to economic conditions and lower revenue in 2009 , we implemented productivity initiatives to improve efficiency and reduce costs , in addition to adjusting our resources to reflect lower demand .although varying throughout the year , our resource reductions included removing from service approximately 26% ( 26 % ) of our road locomotives and 18% ( 18 % ) of our freight car inventory by year end .we also reduced shift levels at most rail facilities and closed or significantly reduced operations in 30 of our 114 principal rail yards .these demand-driven resource adjustments and our productivity initiatives combined to reduce our workforce by 10% ( 10 % ) .2022 fuel prices 2013 as the economy worsened during the third and fourth quarters of 2008 , fuel prices dropped dramatically , reaching $ 33.87 per barrel in december 2008 , a near five-year low .throughout 2009 , crude oil prices generally increased , ending the year around $ 80 per barrel .overall , our average fuel price decreased by 44% ( 44 % ) in 2009 , reducing operating expenses by $ 1.3 billion compared to 2008 .we also reduced our consumption rate by 4% ( 4 % ) during the year , saving approximately 40 million gallons of fuel .the use of newer , more fuel efficient locomotives ; increased use of distributed locomotive power ; fuel conservation programs ; and improved network operations and asset utilization all contributed to this improvement .2022 free cash flow 2013 cash generated by operating activities totaled $ 3.2 billion , yielding free cash flow of $ 515 million in 2009 .free cash flow is defined as cash provided by operating activities , less cash used in investing activities and dividends paid .free cash flow is not considered a financial measure under accounting principles generally accepted in the united states ( gaap ) by sec regulation g and item 10 of sec regulation s-k .we believe free cash flow is important in evaluating our financial performance and measures our ability to generate cash without additional external financings .free cash flow should be considered in addition to , rather than as a substitute for , cash provided by operating activities .the following table reconciles cash provided by operating activities ( gaap measure ) to free cash flow ( non-gaap measure ) : millions of dollars 2009 2008 2007 . millions of dollars | 2009 | 2008 | 2007
cash provided by operating activities | $ 3234 | $ 4070 | $ 3277
cash used in investing activities | -2175 ( 2175 ) | -2764 ( 2764 ) | -2426 ( 2426 )
dividends paid | -544 ( 544 ) | -481 ( 481 ) | -364 ( 364 )
free cash flow | $ 515 | $ 825 | $ 487 2010 outlook 2022 safety 2013 operating a safe railroad benefits our employees , our customers , our shareholders , and the public .we will continue using a multi-faceted approach to safety , utilizing technology , risk assessment , quality control , and training , and by engaging our employees .we will continue implementing total safety culture ( tsc ) throughout our operations .tsc is designed to establish , maintain , reinforce , and promote safe practices among co-workers .this process allows us to identify and implement best practices for employee and operational safety .reducing grade-crossing incidents is a critical aspect of our safety programs , and we will continue our efforts to maintain , upgrade , and close crossings ; install video cameras on locomotives ; and educate the public about crossing safety through our own programs , various industry programs , and other activities .2022 transportation plan 2013 to build upon our success in recent years , we will continue evaluating traffic flows and network logistic patterns , which can be quite dynamic from year-to-year , to identify additional opportunities to simplify operations , remove network variability and improve network efficiency and asset utilization .we plan to adjust manpower and our locomotive and rail car fleets to .
Question: what is 1 divided by 1?
Steps: divide(const_1, const_1)
Answer: 1.0
Question: what is that less 26%?
| 0.74 | 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.
2022 asset utilization 2013 in response to economic conditions and lower revenue in 2009 , we implemented productivity initiatives to improve efficiency and reduce costs , in addition to adjusting our resources to reflect lower demand .although varying throughout the year , our resource reductions included removing from service approximately 26% ( 26 % ) of our road locomotives and 18% ( 18 % ) of our freight car inventory by year end .we also reduced shift levels at most rail facilities and closed or significantly reduced operations in 30 of our 114 principal rail yards .these demand-driven resource adjustments and our productivity initiatives combined to reduce our workforce by 10% ( 10 % ) .2022 fuel prices 2013 as the economy worsened during the third and fourth quarters of 2008 , fuel prices dropped dramatically , reaching $ 33.87 per barrel in december 2008 , a near five-year low .throughout 2009 , crude oil prices generally increased , ending the year around $ 80 per barrel .overall , our average fuel price decreased by 44% ( 44 % ) in 2009 , reducing operating expenses by $ 1.3 billion compared to 2008 .we also reduced our consumption rate by 4% ( 4 % ) during the year , saving approximately 40 million gallons of fuel .the use of newer , more fuel efficient locomotives ; increased use of distributed locomotive power ; fuel conservation programs ; and improved network operations and asset utilization all contributed to this improvement .2022 free cash flow 2013 cash generated by operating activities totaled $ 3.2 billion , yielding free cash flow of $ 515 million in 2009 .free cash flow is defined as cash provided by operating activities , less cash used in investing activities and dividends paid .free cash flow is not considered a financial measure under accounting principles generally accepted in the united states ( gaap ) by sec regulation g and item 10 of sec regulation s-k .we believe free cash flow is important in evaluating our financial performance and measures our ability to generate cash without additional external financings .free cash flow should be considered in addition to , rather than as a substitute for , cash provided by operating activities .the following table reconciles cash provided by operating activities ( gaap measure ) to free cash flow ( non-gaap measure ) : millions of dollars 2009 2008 2007 . millions of dollars | 2009 | 2008 | 2007
cash provided by operating activities | $ 3234 | $ 4070 | $ 3277
cash used in investing activities | -2175 ( 2175 ) | -2764 ( 2764 ) | -2426 ( 2426 )
dividends paid | -544 ( 544 ) | -481 ( 481 ) | -364 ( 364 )
free cash flow | $ 515 | $ 825 | $ 487 2010 outlook 2022 safety 2013 operating a safe railroad benefits our employees , our customers , our shareholders , and the public .we will continue using a multi-faceted approach to safety , utilizing technology , risk assessment , quality control , and training , and by engaging our employees .we will continue implementing total safety culture ( tsc ) throughout our operations .tsc is designed to establish , maintain , reinforce , and promote safe practices among co-workers .this process allows us to identify and implement best practices for employee and operational safety .reducing grade-crossing incidents is a critical aspect of our safety programs , and we will continue our efforts to maintain , upgrade , and close crossings ; install video cameras on locomotives ; and educate the public about crossing safety through our own programs , various industry programs , and other activities .2022 transportation plan 2013 to build upon our success in recent years , we will continue evaluating traffic flows and network logistic patterns , which can be quite dynamic from year-to-year , to identify additional opportunities to simplify operations , remove network variability and improve network efficiency and asset utilization .we plan to adjust manpower and our locomotive and rail car fleets to .
Question: what is 1 divided by 1?
Steps: divide(const_1, const_1)
Answer: 1.0
Question: what is that less 26%?
| convfinqa2260 |
contingencies we are exposed to certain known contingencies that are material to our investors .the facts and circumstances surrounding these contingencies and a discussion of their effect on us are in note 12 to our audited consolidated financial statements included elsewhere in this annual report on form 10-k .these contingencies may have a material effect on our liquidity , capital resources or results of operations .in addition , even where our reserves are adequate , the incurrence of any of these liabilities may have a material effect on our liquidity and the amount of cash available to us for other purposes .we believe that we have made appropriate arrangements in respect of the future effect on us of these known contingencies .we also believe that the amount of cash available to us from our operations , together with cash from financing , will be sufficient for us to pay any known contingencies as they become due without materially affecting our ability to conduct our operations and invest in the growth of our business .off-balance sheet arrangements we do not have any off-balance sheet arrangements except for operating leases entered into in the normal course of business .contractual obligations and commitments below is a summary of our future payment commitments by year under contractual obligations as of december 31 , 2018: . ( in millions ) | 2019 | 2020 - 2021 | 2022 - 2023 | thereafter | total
long-term debt including interest ( 1 ) | $ 508 | $ 1287 | $ 3257 | $ 8167 | $ 13219
operating leases | 167 | 244 | 159 | 119 | 689
data acquisition | 289 | 467 | 135 | 4 | 895
purchase obligations ( 2 ) | 17 | 22 | 15 | 8 | 62
commitments to unconsolidated affiliates ( 3 ) | 2014 | 2014 | 2014 | 2014 | 2014
benefit obligations ( 4 ) | 25 | 27 | 29 | 81 | 162
uncertain income tax positions ( 5 ) | 17 | 2014 | 2014 | 2014 | 17
total | $ 1023 | $ 2047 | $ 3595 | $ 8379 | $ 15044 ( 1 ) interest payments on our debt are based on the interest rates in effect on december 31 , 2018 .( 2 ) purchase obligations are defined as agreements to purchase goods or services that are enforceable and legally binding and that specify all significant terms , including fixed or minimum quantities to be purchased , fixed , minimum or variable pricing provisions and the approximate timing of the transactions .( 3 ) we are currently committed to invest $ 120 million in private equity funds .as of december 31 , 2018 , we have funded approximately $ 78 million of these commitments and we have approximately $ 42 million remaining to be funded which has not been included in the above table as we are unable to predict when these commitments will be paid .( 4 ) amounts represent expected future benefit payments for our pension and postretirement benefit plans , as well as expected contributions for 2019 for our funded pension benefit plans .we made cash contributions totaling approximately $ 31 million to our defined benefit plans in 2018 , and we estimate that we will make contributions totaling approximately $ 25 million to our defined benefit plans in 2019 .due to the potential impact of future plan investment performance , changes in interest rates , changes in other economic and demographic assumptions and changes in legislation in foreign jurisdictions , we are not able to reasonably estimate the timing and amount of contributions that may be required to fund our defined benefit plans for periods beyond 2019 .( 5 ) as of december 31 , 2018 , our liability related to uncertain income tax positions was approximately $ 106 million , $ 89 million of which has not been included in the above table as we are unable to predict when these liabilities will be paid due to the uncertainties in the timing of the settlement of the income tax positions. .
Question: what percentage of the total long-term debt including interest was due in 2019?
| 0.03843 | 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.
contingencies we are exposed to certain known contingencies that are material to our investors .the facts and circumstances surrounding these contingencies and a discussion of their effect on us are in note 12 to our audited consolidated financial statements included elsewhere in this annual report on form 10-k .these contingencies may have a material effect on our liquidity , capital resources or results of operations .in addition , even where our reserves are adequate , the incurrence of any of these liabilities may have a material effect on our liquidity and the amount of cash available to us for other purposes .we believe that we have made appropriate arrangements in respect of the future effect on us of these known contingencies .we also believe that the amount of cash available to us from our operations , together with cash from financing , will be sufficient for us to pay any known contingencies as they become due without materially affecting our ability to conduct our operations and invest in the growth of our business .off-balance sheet arrangements we do not have any off-balance sheet arrangements except for operating leases entered into in the normal course of business .contractual obligations and commitments below is a summary of our future payment commitments by year under contractual obligations as of december 31 , 2018: . ( in millions ) | 2019 | 2020 - 2021 | 2022 - 2023 | thereafter | total
long-term debt including interest ( 1 ) | $ 508 | $ 1287 | $ 3257 | $ 8167 | $ 13219
operating leases | 167 | 244 | 159 | 119 | 689
data acquisition | 289 | 467 | 135 | 4 | 895
purchase obligations ( 2 ) | 17 | 22 | 15 | 8 | 62
commitments to unconsolidated affiliates ( 3 ) | 2014 | 2014 | 2014 | 2014 | 2014
benefit obligations ( 4 ) | 25 | 27 | 29 | 81 | 162
uncertain income tax positions ( 5 ) | 17 | 2014 | 2014 | 2014 | 17
total | $ 1023 | $ 2047 | $ 3595 | $ 8379 | $ 15044 ( 1 ) interest payments on our debt are based on the interest rates in effect on december 31 , 2018 .( 2 ) purchase obligations are defined as agreements to purchase goods or services that are enforceable and legally binding and that specify all significant terms , including fixed or minimum quantities to be purchased , fixed , minimum or variable pricing provisions and the approximate timing of the transactions .( 3 ) we are currently committed to invest $ 120 million in private equity funds .as of december 31 , 2018 , we have funded approximately $ 78 million of these commitments and we have approximately $ 42 million remaining to be funded which has not been included in the above table as we are unable to predict when these commitments will be paid .( 4 ) amounts represent expected future benefit payments for our pension and postretirement benefit plans , as well as expected contributions for 2019 for our funded pension benefit plans .we made cash contributions totaling approximately $ 31 million to our defined benefit plans in 2018 , and we estimate that we will make contributions totaling approximately $ 25 million to our defined benefit plans in 2019 .due to the potential impact of future plan investment performance , changes in interest rates , changes in other economic and demographic assumptions and changes in legislation in foreign jurisdictions , we are not able to reasonably estimate the timing and amount of contributions that may be required to fund our defined benefit plans for periods beyond 2019 .( 5 ) as of december 31 , 2018 , our liability related to uncertain income tax positions was approximately $ 106 million , $ 89 million of which has not been included in the above table as we are unable to predict when these liabilities will be paid due to the uncertainties in the timing of the settlement of the income tax positions. .
Question: what percentage of the total long-term debt including interest was due in 2019?
| convfinqa2261 |
contingencies we are exposed to certain known contingencies that are material to our investors .the facts and circumstances surrounding these contingencies and a discussion of their effect on us are in note 12 to our audited consolidated financial statements included elsewhere in this annual report on form 10-k .these contingencies may have a material effect on our liquidity , capital resources or results of operations .in addition , even where our reserves are adequate , the incurrence of any of these liabilities may have a material effect on our liquidity and the amount of cash available to us for other purposes .we believe that we have made appropriate arrangements in respect of the future effect on us of these known contingencies .we also believe that the amount of cash available to us from our operations , together with cash from financing , will be sufficient for us to pay any known contingencies as they become due without materially affecting our ability to conduct our operations and invest in the growth of our business .off-balance sheet arrangements we do not have any off-balance sheet arrangements except for operating leases entered into in the normal course of business .contractual obligations and commitments below is a summary of our future payment commitments by year under contractual obligations as of december 31 , 2018: . ( in millions ) | 2019 | 2020 - 2021 | 2022 - 2023 | thereafter | total
long-term debt including interest ( 1 ) | $ 508 | $ 1287 | $ 3257 | $ 8167 | $ 13219
operating leases | 167 | 244 | 159 | 119 | 689
data acquisition | 289 | 467 | 135 | 4 | 895
purchase obligations ( 2 ) | 17 | 22 | 15 | 8 | 62
commitments to unconsolidated affiliates ( 3 ) | 2014 | 2014 | 2014 | 2014 | 2014
benefit obligations ( 4 ) | 25 | 27 | 29 | 81 | 162
uncertain income tax positions ( 5 ) | 17 | 2014 | 2014 | 2014 | 17
total | $ 1023 | $ 2047 | $ 3595 | $ 8379 | $ 15044 ( 1 ) interest payments on our debt are based on the interest rates in effect on december 31 , 2018 .( 2 ) purchase obligations are defined as agreements to purchase goods or services that are enforceable and legally binding and that specify all significant terms , including fixed or minimum quantities to be purchased , fixed , minimum or variable pricing provisions and the approximate timing of the transactions .( 3 ) we are currently committed to invest $ 120 million in private equity funds .as of december 31 , 2018 , we have funded approximately $ 78 million of these commitments and we have approximately $ 42 million remaining to be funded which has not been included in the above table as we are unable to predict when these commitments will be paid .( 4 ) amounts represent expected future benefit payments for our pension and postretirement benefit plans , as well as expected contributions for 2019 for our funded pension benefit plans .we made cash contributions totaling approximately $ 31 million to our defined benefit plans in 2018 , and we estimate that we will make contributions totaling approximately $ 25 million to our defined benefit plans in 2019 .due to the potential impact of future plan investment performance , changes in interest rates , changes in other economic and demographic assumptions and changes in legislation in foreign jurisdictions , we are not able to reasonably estimate the timing and amount of contributions that may be required to fund our defined benefit plans for periods beyond 2019 .( 5 ) as of december 31 , 2018 , our liability related to uncertain income tax positions was approximately $ 106 million , $ 89 million of which has not been included in the above table as we are unable to predict when these liabilities will be paid due to the uncertainties in the timing of the settlement of the income tax positions. .
Question: what percentage of the total long-term debt including interest was due in 2019?
Steps: divide(508, 13219)
Answer: 0.03843
Question: and from 2018 to that year, what was the change in the total of benefits obligations?
| -6.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
contingencies we are exposed to certain known contingencies that are material to our investors .the facts and circumstances surrounding these contingencies and a discussion of their effect on us are in note 12 to our audited consolidated financial statements included elsewhere in this annual report on form 10-k .these contingencies may have a material effect on our liquidity , capital resources or results of operations .in addition , even where our reserves are adequate , the incurrence of any of these liabilities may have a material effect on our liquidity and the amount of cash available to us for other purposes .we believe that we have made appropriate arrangements in respect of the future effect on us of these known contingencies .we also believe that the amount of cash available to us from our operations , together with cash from financing , will be sufficient for us to pay any known contingencies as they become due without materially affecting our ability to conduct our operations and invest in the growth of our business .off-balance sheet arrangements we do not have any off-balance sheet arrangements except for operating leases entered into in the normal course of business .contractual obligations and commitments below is a summary of our future payment commitments by year under contractual obligations as of december 31 , 2018: . ( in millions ) | 2019 | 2020 - 2021 | 2022 - 2023 | thereafter | total
long-term debt including interest ( 1 ) | $ 508 | $ 1287 | $ 3257 | $ 8167 | $ 13219
operating leases | 167 | 244 | 159 | 119 | 689
data acquisition | 289 | 467 | 135 | 4 | 895
purchase obligations ( 2 ) | 17 | 22 | 15 | 8 | 62
commitments to unconsolidated affiliates ( 3 ) | 2014 | 2014 | 2014 | 2014 | 2014
benefit obligations ( 4 ) | 25 | 27 | 29 | 81 | 162
uncertain income tax positions ( 5 ) | 17 | 2014 | 2014 | 2014 | 17
total | $ 1023 | $ 2047 | $ 3595 | $ 8379 | $ 15044 ( 1 ) interest payments on our debt are based on the interest rates in effect on december 31 , 2018 .( 2 ) purchase obligations are defined as agreements to purchase goods or services that are enforceable and legally binding and that specify all significant terms , including fixed or minimum quantities to be purchased , fixed , minimum or variable pricing provisions and the approximate timing of the transactions .( 3 ) we are currently committed to invest $ 120 million in private equity funds .as of december 31 , 2018 , we have funded approximately $ 78 million of these commitments and we have approximately $ 42 million remaining to be funded which has not been included in the above table as we are unable to predict when these commitments will be paid .( 4 ) amounts represent expected future benefit payments for our pension and postretirement benefit plans , as well as expected contributions for 2019 for our funded pension benefit plans .we made cash contributions totaling approximately $ 31 million to our defined benefit plans in 2018 , and we estimate that we will make contributions totaling approximately $ 25 million to our defined benefit plans in 2019 .due to the potential impact of future plan investment performance , changes in interest rates , changes in other economic and demographic assumptions and changes in legislation in foreign jurisdictions , we are not able to reasonably estimate the timing and amount of contributions that may be required to fund our defined benefit plans for periods beyond 2019 .( 5 ) as of december 31 , 2018 , our liability related to uncertain income tax positions was approximately $ 106 million , $ 89 million of which has not been included in the above table as we are unable to predict when these liabilities will be paid due to the uncertainties in the timing of the settlement of the income tax positions. .
Question: what percentage of the total long-term debt including interest was due in 2019?
Steps: divide(508, 13219)
Answer: 0.03843
Question: and from 2018 to that year, what was the change in the total of benefits obligations?
| convfinqa2262 |
contingencies we are exposed to certain known contingencies that are material to our investors .the facts and circumstances surrounding these contingencies and a discussion of their effect on us are in note 12 to our audited consolidated financial statements included elsewhere in this annual report on form 10-k .these contingencies may have a material effect on our liquidity , capital resources or results of operations .in addition , even where our reserves are adequate , the incurrence of any of these liabilities may have a material effect on our liquidity and the amount of cash available to us for other purposes .we believe that we have made appropriate arrangements in respect of the future effect on us of these known contingencies .we also believe that the amount of cash available to us from our operations , together with cash from financing , will be sufficient for us to pay any known contingencies as they become due without materially affecting our ability to conduct our operations and invest in the growth of our business .off-balance sheet arrangements we do not have any off-balance sheet arrangements except for operating leases entered into in the normal course of business .contractual obligations and commitments below is a summary of our future payment commitments by year under contractual obligations as of december 31 , 2018: . ( in millions ) | 2019 | 2020 - 2021 | 2022 - 2023 | thereafter | total
long-term debt including interest ( 1 ) | $ 508 | $ 1287 | $ 3257 | $ 8167 | $ 13219
operating leases | 167 | 244 | 159 | 119 | 689
data acquisition | 289 | 467 | 135 | 4 | 895
purchase obligations ( 2 ) | 17 | 22 | 15 | 8 | 62
commitments to unconsolidated affiliates ( 3 ) | 2014 | 2014 | 2014 | 2014 | 2014
benefit obligations ( 4 ) | 25 | 27 | 29 | 81 | 162
uncertain income tax positions ( 5 ) | 17 | 2014 | 2014 | 2014 | 17
total | $ 1023 | $ 2047 | $ 3595 | $ 8379 | $ 15044 ( 1 ) interest payments on our debt are based on the interest rates in effect on december 31 , 2018 .( 2 ) purchase obligations are defined as agreements to purchase goods or services that are enforceable and legally binding and that specify all significant terms , including fixed or minimum quantities to be purchased , fixed , minimum or variable pricing provisions and the approximate timing of the transactions .( 3 ) we are currently committed to invest $ 120 million in private equity funds .as of december 31 , 2018 , we have funded approximately $ 78 million of these commitments and we have approximately $ 42 million remaining to be funded which has not been included in the above table as we are unable to predict when these commitments will be paid .( 4 ) amounts represent expected future benefit payments for our pension and postretirement benefit plans , as well as expected contributions for 2019 for our funded pension benefit plans .we made cash contributions totaling approximately $ 31 million to our defined benefit plans in 2018 , and we estimate that we will make contributions totaling approximately $ 25 million to our defined benefit plans in 2019 .due to the potential impact of future plan investment performance , changes in interest rates , changes in other economic and demographic assumptions and changes in legislation in foreign jurisdictions , we are not able to reasonably estimate the timing and amount of contributions that may be required to fund our defined benefit plans for periods beyond 2019 .( 5 ) as of december 31 , 2018 , our liability related to uncertain income tax positions was approximately $ 106 million , $ 89 million of which has not been included in the above table as we are unable to predict when these liabilities will be paid due to the uncertainties in the timing of the settlement of the income tax positions. .
Question: what percentage of the total long-term debt including interest was due in 2019?
Steps: divide(508, 13219)
Answer: 0.03843
Question: and from 2018 to that year, what was the change in the total of benefits obligations?
Steps: subtract(25, 31)
Answer: -6.0
Question: what were those benefit obligations in 2018?
| 31.0 | 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.
contingencies we are exposed to certain known contingencies that are material to our investors .the facts and circumstances surrounding these contingencies and a discussion of their effect on us are in note 12 to our audited consolidated financial statements included elsewhere in this annual report on form 10-k .these contingencies may have a material effect on our liquidity , capital resources or results of operations .in addition , even where our reserves are adequate , the incurrence of any of these liabilities may have a material effect on our liquidity and the amount of cash available to us for other purposes .we believe that we have made appropriate arrangements in respect of the future effect on us of these known contingencies .we also believe that the amount of cash available to us from our operations , together with cash from financing , will be sufficient for us to pay any known contingencies as they become due without materially affecting our ability to conduct our operations and invest in the growth of our business .off-balance sheet arrangements we do not have any off-balance sheet arrangements except for operating leases entered into in the normal course of business .contractual obligations and commitments below is a summary of our future payment commitments by year under contractual obligations as of december 31 , 2018: . ( in millions ) | 2019 | 2020 - 2021 | 2022 - 2023 | thereafter | total
long-term debt including interest ( 1 ) | $ 508 | $ 1287 | $ 3257 | $ 8167 | $ 13219
operating leases | 167 | 244 | 159 | 119 | 689
data acquisition | 289 | 467 | 135 | 4 | 895
purchase obligations ( 2 ) | 17 | 22 | 15 | 8 | 62
commitments to unconsolidated affiliates ( 3 ) | 2014 | 2014 | 2014 | 2014 | 2014
benefit obligations ( 4 ) | 25 | 27 | 29 | 81 | 162
uncertain income tax positions ( 5 ) | 17 | 2014 | 2014 | 2014 | 17
total | $ 1023 | $ 2047 | $ 3595 | $ 8379 | $ 15044 ( 1 ) interest payments on our debt are based on the interest rates in effect on december 31 , 2018 .( 2 ) purchase obligations are defined as agreements to purchase goods or services that are enforceable and legally binding and that specify all significant terms , including fixed or minimum quantities to be purchased , fixed , minimum or variable pricing provisions and the approximate timing of the transactions .( 3 ) we are currently committed to invest $ 120 million in private equity funds .as of december 31 , 2018 , we have funded approximately $ 78 million of these commitments and we have approximately $ 42 million remaining to be funded which has not been included in the above table as we are unable to predict when these commitments will be paid .( 4 ) amounts represent expected future benefit payments for our pension and postretirement benefit plans , as well as expected contributions for 2019 for our funded pension benefit plans .we made cash contributions totaling approximately $ 31 million to our defined benefit plans in 2018 , and we estimate that we will make contributions totaling approximately $ 25 million to our defined benefit plans in 2019 .due to the potential impact of future plan investment performance , changes in interest rates , changes in other economic and demographic assumptions and changes in legislation in foreign jurisdictions , we are not able to reasonably estimate the timing and amount of contributions that may be required to fund our defined benefit plans for periods beyond 2019 .( 5 ) as of december 31 , 2018 , our liability related to uncertain income tax positions was approximately $ 106 million , $ 89 million of which has not been included in the above table as we are unable to predict when these liabilities will be paid due to the uncertainties in the timing of the settlement of the income tax positions. .
Question: what percentage of the total long-term debt including interest was due in 2019?
Steps: divide(508, 13219)
Answer: 0.03843
Question: and from 2018 to that year, what was the change in the total of benefits obligations?
Steps: subtract(25, 31)
Answer: -6.0
Question: what were those benefit obligations in 2018?
| convfinqa2263 |
contingencies we are exposed to certain known contingencies that are material to our investors .the facts and circumstances surrounding these contingencies and a discussion of their effect on us are in note 12 to our audited consolidated financial statements included elsewhere in this annual report on form 10-k .these contingencies may have a material effect on our liquidity , capital resources or results of operations .in addition , even where our reserves are adequate , the incurrence of any of these liabilities may have a material effect on our liquidity and the amount of cash available to us for other purposes .we believe that we have made appropriate arrangements in respect of the future effect on us of these known contingencies .we also believe that the amount of cash available to us from our operations , together with cash from financing , will be sufficient for us to pay any known contingencies as they become due without materially affecting our ability to conduct our operations and invest in the growth of our business .off-balance sheet arrangements we do not have any off-balance sheet arrangements except for operating leases entered into in the normal course of business .contractual obligations and commitments below is a summary of our future payment commitments by year under contractual obligations as of december 31 , 2018: . ( in millions ) | 2019 | 2020 - 2021 | 2022 - 2023 | thereafter | total
long-term debt including interest ( 1 ) | $ 508 | $ 1287 | $ 3257 | $ 8167 | $ 13219
operating leases | 167 | 244 | 159 | 119 | 689
data acquisition | 289 | 467 | 135 | 4 | 895
purchase obligations ( 2 ) | 17 | 22 | 15 | 8 | 62
commitments to unconsolidated affiliates ( 3 ) | 2014 | 2014 | 2014 | 2014 | 2014
benefit obligations ( 4 ) | 25 | 27 | 29 | 81 | 162
uncertain income tax positions ( 5 ) | 17 | 2014 | 2014 | 2014 | 17
total | $ 1023 | $ 2047 | $ 3595 | $ 8379 | $ 15044 ( 1 ) interest payments on our debt are based on the interest rates in effect on december 31 , 2018 .( 2 ) purchase obligations are defined as agreements to purchase goods or services that are enforceable and legally binding and that specify all significant terms , including fixed or minimum quantities to be purchased , fixed , minimum or variable pricing provisions and the approximate timing of the transactions .( 3 ) we are currently committed to invest $ 120 million in private equity funds .as of december 31 , 2018 , we have funded approximately $ 78 million of these commitments and we have approximately $ 42 million remaining to be funded which has not been included in the above table as we are unable to predict when these commitments will be paid .( 4 ) amounts represent expected future benefit payments for our pension and postretirement benefit plans , as well as expected contributions for 2019 for our funded pension benefit plans .we made cash contributions totaling approximately $ 31 million to our defined benefit plans in 2018 , and we estimate that we will make contributions totaling approximately $ 25 million to our defined benefit plans in 2019 .due to the potential impact of future plan investment performance , changes in interest rates , changes in other economic and demographic assumptions and changes in legislation in foreign jurisdictions , we are not able to reasonably estimate the timing and amount of contributions that may be required to fund our defined benefit plans for periods beyond 2019 .( 5 ) as of december 31 , 2018 , our liability related to uncertain income tax positions was approximately $ 106 million , $ 89 million of which has not been included in the above table as we are unable to predict when these liabilities will be paid due to the uncertainties in the timing of the settlement of the income tax positions. .
Question: what percentage of the total long-term debt including interest was due in 2019?
Steps: divide(508, 13219)
Answer: 0.03843
Question: and from 2018 to that year, what was the change in the total of benefits obligations?
Steps: subtract(25, 31)
Answer: -6.0
Question: what were those benefit obligations in 2018?
Steps: Ask for number 31
Answer: 31.0
Question: how much, then, in percentage, does that change represent in relation to this 2018 amount?
| -0.19355 | 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.
contingencies we are exposed to certain known contingencies that are material to our investors .the facts and circumstances surrounding these contingencies and a discussion of their effect on us are in note 12 to our audited consolidated financial statements included elsewhere in this annual report on form 10-k .these contingencies may have a material effect on our liquidity , capital resources or results of operations .in addition , even where our reserves are adequate , the incurrence of any of these liabilities may have a material effect on our liquidity and the amount of cash available to us for other purposes .we believe that we have made appropriate arrangements in respect of the future effect on us of these known contingencies .we also believe that the amount of cash available to us from our operations , together with cash from financing , will be sufficient for us to pay any known contingencies as they become due without materially affecting our ability to conduct our operations and invest in the growth of our business .off-balance sheet arrangements we do not have any off-balance sheet arrangements except for operating leases entered into in the normal course of business .contractual obligations and commitments below is a summary of our future payment commitments by year under contractual obligations as of december 31 , 2018: . ( in millions ) | 2019 | 2020 - 2021 | 2022 - 2023 | thereafter | total
long-term debt including interest ( 1 ) | $ 508 | $ 1287 | $ 3257 | $ 8167 | $ 13219
operating leases | 167 | 244 | 159 | 119 | 689
data acquisition | 289 | 467 | 135 | 4 | 895
purchase obligations ( 2 ) | 17 | 22 | 15 | 8 | 62
commitments to unconsolidated affiliates ( 3 ) | 2014 | 2014 | 2014 | 2014 | 2014
benefit obligations ( 4 ) | 25 | 27 | 29 | 81 | 162
uncertain income tax positions ( 5 ) | 17 | 2014 | 2014 | 2014 | 17
total | $ 1023 | $ 2047 | $ 3595 | $ 8379 | $ 15044 ( 1 ) interest payments on our debt are based on the interest rates in effect on december 31 , 2018 .( 2 ) purchase obligations are defined as agreements to purchase goods or services that are enforceable and legally binding and that specify all significant terms , including fixed or minimum quantities to be purchased , fixed , minimum or variable pricing provisions and the approximate timing of the transactions .( 3 ) we are currently committed to invest $ 120 million in private equity funds .as of december 31 , 2018 , we have funded approximately $ 78 million of these commitments and we have approximately $ 42 million remaining to be funded which has not been included in the above table as we are unable to predict when these commitments will be paid .( 4 ) amounts represent expected future benefit payments for our pension and postretirement benefit plans , as well as expected contributions for 2019 for our funded pension benefit plans .we made cash contributions totaling approximately $ 31 million to our defined benefit plans in 2018 , and we estimate that we will make contributions totaling approximately $ 25 million to our defined benefit plans in 2019 .due to the potential impact of future plan investment performance , changes in interest rates , changes in other economic and demographic assumptions and changes in legislation in foreign jurisdictions , we are not able to reasonably estimate the timing and amount of contributions that may be required to fund our defined benefit plans for periods beyond 2019 .( 5 ) as of december 31 , 2018 , our liability related to uncertain income tax positions was approximately $ 106 million , $ 89 million of which has not been included in the above table as we are unable to predict when these liabilities will be paid due to the uncertainties in the timing of the settlement of the income tax positions. .
Question: what percentage of the total long-term debt including interest was due in 2019?
Steps: divide(508, 13219)
Answer: 0.03843
Question: and from 2018 to that year, what was the change in the total of benefits obligations?
Steps: subtract(25, 31)
Answer: -6.0
Question: what were those benefit obligations in 2018?
Steps: Ask for number 31
Answer: 31.0
Question: how much, then, in percentage, does that change represent in relation to this 2018 amount?
| convfinqa2264 |
depending upon our senior unsecured debt ratings .the facilities require the maintenance of a minimum net worth and a debt to net worth coverage ratio .at december 31 , 2006 , we were in compliance with these covenants .the facilities do not include any other financial restrictions , credit rating triggers ( other than rating-dependent pricing ) , or any other provision that could require the posting of collateral .in addition to our revolving credit facilities , we had $ 150 million in uncommitted lines of credit available , including $ 75 million that expires in march 2007 and $ 75 million expiring in may 2007 .neither of these lines of credit were used as of december 31 , 2006 .we must have equivalent credit available under our five-year facilities to draw on these $ 75 million lines .dividend restrictions 2013 we are subject to certain restrictions related to the payment of cash dividends to our shareholders due to minimum net worth requirements under the credit facilities referred to above .the amount of retained earnings available for dividends was $ 7.8 billion and $ 6.2 billion at december 31 , 2006 and 2005 , respectively .we do not expect that these restrictions will have a material adverse effect on our consolidated financial condition , results of operations , or liquidity .we declared dividends of $ 323 million in 2006 and $ 316 million in 2005 .shelf registration statement 2013 under a current shelf registration statement , we may issue any combination of debt securities , preferred stock , common stock , or warrants for debt securities or preferred stock in one or more offerings .at december 31 , 2006 , we had $ 500 million remaining for issuance under the current shelf registration statement .we have no immediate plans to issue any securities ; however , we routinely consider and evaluate opportunities to replace existing debt or access capital through issuances of debt securities under this shelf registration , and , therefore , we may issue debt securities at any time .6 .leases we lease certain locomotives , freight cars , and other property .future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2006 were as follows : millions of dollars operating leases capital leases . millions of dollars | operatingleases | capital leases
2007 | $ 624 | $ 180
2008 | 546 | 173
2009 | 498 | 168
2010 | 456 | 148
2011 | 419 | 157
later years | 2914 | 1090
total minimum lease payments | $ 5457 | $ 1916
amount representing interest | n/a | -680 ( 680 )
present value of minimum lease payments | n/a | $ 1236 rent expense for operating leases with terms exceeding one month was $ 798 million in 2006 , $ 728 million in 2005 , and $ 651 million in 2004 .when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term .contingent rentals and sub-rentals are not significant. .
Question: what is the sum of total minimum lease payments for operating and capital leases?
| 7373.0 | 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.
depending upon our senior unsecured debt ratings .the facilities require the maintenance of a minimum net worth and a debt to net worth coverage ratio .at december 31 , 2006 , we were in compliance with these covenants .the facilities do not include any other financial restrictions , credit rating triggers ( other than rating-dependent pricing ) , or any other provision that could require the posting of collateral .in addition to our revolving credit facilities , we had $ 150 million in uncommitted lines of credit available , including $ 75 million that expires in march 2007 and $ 75 million expiring in may 2007 .neither of these lines of credit were used as of december 31 , 2006 .we must have equivalent credit available under our five-year facilities to draw on these $ 75 million lines .dividend restrictions 2013 we are subject to certain restrictions related to the payment of cash dividends to our shareholders due to minimum net worth requirements under the credit facilities referred to above .the amount of retained earnings available for dividends was $ 7.8 billion and $ 6.2 billion at december 31 , 2006 and 2005 , respectively .we do not expect that these restrictions will have a material adverse effect on our consolidated financial condition , results of operations , or liquidity .we declared dividends of $ 323 million in 2006 and $ 316 million in 2005 .shelf registration statement 2013 under a current shelf registration statement , we may issue any combination of debt securities , preferred stock , common stock , or warrants for debt securities or preferred stock in one or more offerings .at december 31 , 2006 , we had $ 500 million remaining for issuance under the current shelf registration statement .we have no immediate plans to issue any securities ; however , we routinely consider and evaluate opportunities to replace existing debt or access capital through issuances of debt securities under this shelf registration , and , therefore , we may issue debt securities at any time .6 .leases we lease certain locomotives , freight cars , and other property .future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2006 were as follows : millions of dollars operating leases capital leases . millions of dollars | operatingleases | capital leases
2007 | $ 624 | $ 180
2008 | 546 | 173
2009 | 498 | 168
2010 | 456 | 148
2011 | 419 | 157
later years | 2914 | 1090
total minimum lease payments | $ 5457 | $ 1916
amount representing interest | n/a | -680 ( 680 )
present value of minimum lease payments | n/a | $ 1236 rent expense for operating leases with terms exceeding one month was $ 798 million in 2006 , $ 728 million in 2005 , and $ 651 million in 2004 .when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term .contingent rentals and sub-rentals are not significant. .
Question: what is the sum of total minimum lease payments for operating and capital leases?
| convfinqa2265 |
depending upon our senior unsecured debt ratings .the facilities require the maintenance of a minimum net worth and a debt to net worth coverage ratio .at december 31 , 2006 , we were in compliance with these covenants .the facilities do not include any other financial restrictions , credit rating triggers ( other than rating-dependent pricing ) , or any other provision that could require the posting of collateral .in addition to our revolving credit facilities , we had $ 150 million in uncommitted lines of credit available , including $ 75 million that expires in march 2007 and $ 75 million expiring in may 2007 .neither of these lines of credit were used as of december 31 , 2006 .we must have equivalent credit available under our five-year facilities to draw on these $ 75 million lines .dividend restrictions 2013 we are subject to certain restrictions related to the payment of cash dividends to our shareholders due to minimum net worth requirements under the credit facilities referred to above .the amount of retained earnings available for dividends was $ 7.8 billion and $ 6.2 billion at december 31 , 2006 and 2005 , respectively .we do not expect that these restrictions will have a material adverse effect on our consolidated financial condition , results of operations , or liquidity .we declared dividends of $ 323 million in 2006 and $ 316 million in 2005 .shelf registration statement 2013 under a current shelf registration statement , we may issue any combination of debt securities , preferred stock , common stock , or warrants for debt securities or preferred stock in one or more offerings .at december 31 , 2006 , we had $ 500 million remaining for issuance under the current shelf registration statement .we have no immediate plans to issue any securities ; however , we routinely consider and evaluate opportunities to replace existing debt or access capital through issuances of debt securities under this shelf registration , and , therefore , we may issue debt securities at any time .6 .leases we lease certain locomotives , freight cars , and other property .future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2006 were as follows : millions of dollars operating leases capital leases . millions of dollars | operatingleases | capital leases
2007 | $ 624 | $ 180
2008 | 546 | 173
2009 | 498 | 168
2010 | 456 | 148
2011 | 419 | 157
later years | 2914 | 1090
total minimum lease payments | $ 5457 | $ 1916
amount representing interest | n/a | -680 ( 680 )
present value of minimum lease payments | n/a | $ 1236 rent expense for operating leases with terms exceeding one month was $ 798 million in 2006 , $ 728 million in 2005 , and $ 651 million in 2004 .when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term .contingent rentals and sub-rentals are not significant. .
Question: what is the sum of total minimum lease payments for operating and capital leases?
Steps: add(5457, 1916)
Answer: 7373.0
Question: what is the value of operating leases in 2009?
| 498.0 | 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.
depending upon our senior unsecured debt ratings .the facilities require the maintenance of a minimum net worth and a debt to net worth coverage ratio .at december 31 , 2006 , we were in compliance with these covenants .the facilities do not include any other financial restrictions , credit rating triggers ( other than rating-dependent pricing ) , or any other provision that could require the posting of collateral .in addition to our revolving credit facilities , we had $ 150 million in uncommitted lines of credit available , including $ 75 million that expires in march 2007 and $ 75 million expiring in may 2007 .neither of these lines of credit were used as of december 31 , 2006 .we must have equivalent credit available under our five-year facilities to draw on these $ 75 million lines .dividend restrictions 2013 we are subject to certain restrictions related to the payment of cash dividends to our shareholders due to minimum net worth requirements under the credit facilities referred to above .the amount of retained earnings available for dividends was $ 7.8 billion and $ 6.2 billion at december 31 , 2006 and 2005 , respectively .we do not expect that these restrictions will have a material adverse effect on our consolidated financial condition , results of operations , or liquidity .we declared dividends of $ 323 million in 2006 and $ 316 million in 2005 .shelf registration statement 2013 under a current shelf registration statement , we may issue any combination of debt securities , preferred stock , common stock , or warrants for debt securities or preferred stock in one or more offerings .at december 31 , 2006 , we had $ 500 million remaining for issuance under the current shelf registration statement .we have no immediate plans to issue any securities ; however , we routinely consider and evaluate opportunities to replace existing debt or access capital through issuances of debt securities under this shelf registration , and , therefore , we may issue debt securities at any time .6 .leases we lease certain locomotives , freight cars , and other property .future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2006 were as follows : millions of dollars operating leases capital leases . millions of dollars | operatingleases | capital leases
2007 | $ 624 | $ 180
2008 | 546 | 173
2009 | 498 | 168
2010 | 456 | 148
2011 | 419 | 157
later years | 2914 | 1090
total minimum lease payments | $ 5457 | $ 1916
amount representing interest | n/a | -680 ( 680 )
present value of minimum lease payments | n/a | $ 1236 rent expense for operating leases with terms exceeding one month was $ 798 million in 2006 , $ 728 million in 2005 , and $ 651 million in 2004 .when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term .contingent rentals and sub-rentals are not significant. .
Question: what is the sum of total minimum lease payments for operating and capital leases?
Steps: add(5457, 1916)
Answer: 7373.0
Question: what is the value of operating leases in 2009?
| convfinqa2266 |
depending upon our senior unsecured debt ratings .the facilities require the maintenance of a minimum net worth and a debt to net worth coverage ratio .at december 31 , 2006 , we were in compliance with these covenants .the facilities do not include any other financial restrictions , credit rating triggers ( other than rating-dependent pricing ) , or any other provision that could require the posting of collateral .in addition to our revolving credit facilities , we had $ 150 million in uncommitted lines of credit available , including $ 75 million that expires in march 2007 and $ 75 million expiring in may 2007 .neither of these lines of credit were used as of december 31 , 2006 .we must have equivalent credit available under our five-year facilities to draw on these $ 75 million lines .dividend restrictions 2013 we are subject to certain restrictions related to the payment of cash dividends to our shareholders due to minimum net worth requirements under the credit facilities referred to above .the amount of retained earnings available for dividends was $ 7.8 billion and $ 6.2 billion at december 31 , 2006 and 2005 , respectively .we do not expect that these restrictions will have a material adverse effect on our consolidated financial condition , results of operations , or liquidity .we declared dividends of $ 323 million in 2006 and $ 316 million in 2005 .shelf registration statement 2013 under a current shelf registration statement , we may issue any combination of debt securities , preferred stock , common stock , or warrants for debt securities or preferred stock in one or more offerings .at december 31 , 2006 , we had $ 500 million remaining for issuance under the current shelf registration statement .we have no immediate plans to issue any securities ; however , we routinely consider and evaluate opportunities to replace existing debt or access capital through issuances of debt securities under this shelf registration , and , therefore , we may issue debt securities at any time .6 .leases we lease certain locomotives , freight cars , and other property .future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2006 were as follows : millions of dollars operating leases capital leases . millions of dollars | operatingleases | capital leases
2007 | $ 624 | $ 180
2008 | 546 | 173
2009 | 498 | 168
2010 | 456 | 148
2011 | 419 | 157
later years | 2914 | 1090
total minimum lease payments | $ 5457 | $ 1916
amount representing interest | n/a | -680 ( 680 )
present value of minimum lease payments | n/a | $ 1236 rent expense for operating leases with terms exceeding one month was $ 798 million in 2006 , $ 728 million in 2005 , and $ 651 million in 2004 .when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term .contingent rentals and sub-rentals are not significant. .
Question: what is the sum of total minimum lease payments for operating and capital leases?
Steps: add(5457, 1916)
Answer: 7373.0
Question: what is the value of operating leases in 2009?
Steps: Ask for number 498
Answer: 498.0
Question: what is the value of capital leases in 2008?
| 168.0 | 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.
depending upon our senior unsecured debt ratings .the facilities require the maintenance of a minimum net worth and a debt to net worth coverage ratio .at december 31 , 2006 , we were in compliance with these covenants .the facilities do not include any other financial restrictions , credit rating triggers ( other than rating-dependent pricing ) , or any other provision that could require the posting of collateral .in addition to our revolving credit facilities , we had $ 150 million in uncommitted lines of credit available , including $ 75 million that expires in march 2007 and $ 75 million expiring in may 2007 .neither of these lines of credit were used as of december 31 , 2006 .we must have equivalent credit available under our five-year facilities to draw on these $ 75 million lines .dividend restrictions 2013 we are subject to certain restrictions related to the payment of cash dividends to our shareholders due to minimum net worth requirements under the credit facilities referred to above .the amount of retained earnings available for dividends was $ 7.8 billion and $ 6.2 billion at december 31 , 2006 and 2005 , respectively .we do not expect that these restrictions will have a material adverse effect on our consolidated financial condition , results of operations , or liquidity .we declared dividends of $ 323 million in 2006 and $ 316 million in 2005 .shelf registration statement 2013 under a current shelf registration statement , we may issue any combination of debt securities , preferred stock , common stock , or warrants for debt securities or preferred stock in one or more offerings .at december 31 , 2006 , we had $ 500 million remaining for issuance under the current shelf registration statement .we have no immediate plans to issue any securities ; however , we routinely consider and evaluate opportunities to replace existing debt or access capital through issuances of debt securities under this shelf registration , and , therefore , we may issue debt securities at any time .6 .leases we lease certain locomotives , freight cars , and other property .future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2006 were as follows : millions of dollars operating leases capital leases . millions of dollars | operatingleases | capital leases
2007 | $ 624 | $ 180
2008 | 546 | 173
2009 | 498 | 168
2010 | 456 | 148
2011 | 419 | 157
later years | 2914 | 1090
total minimum lease payments | $ 5457 | $ 1916
amount representing interest | n/a | -680 ( 680 )
present value of minimum lease payments | n/a | $ 1236 rent expense for operating leases with terms exceeding one month was $ 798 million in 2006 , $ 728 million in 2005 , and $ 651 million in 2004 .when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term .contingent rentals and sub-rentals are not significant. .
Question: what is the sum of total minimum lease payments for operating and capital leases?
Steps: add(5457, 1916)
Answer: 7373.0
Question: what is the value of operating leases in 2009?
Steps: Ask for number 498
Answer: 498.0
Question: what is the value of capital leases in 2008?
| convfinqa2267 |
depending upon our senior unsecured debt ratings .the facilities require the maintenance of a minimum net worth and a debt to net worth coverage ratio .at december 31 , 2006 , we were in compliance with these covenants .the facilities do not include any other financial restrictions , credit rating triggers ( other than rating-dependent pricing ) , or any other provision that could require the posting of collateral .in addition to our revolving credit facilities , we had $ 150 million in uncommitted lines of credit available , including $ 75 million that expires in march 2007 and $ 75 million expiring in may 2007 .neither of these lines of credit were used as of december 31 , 2006 .we must have equivalent credit available under our five-year facilities to draw on these $ 75 million lines .dividend restrictions 2013 we are subject to certain restrictions related to the payment of cash dividends to our shareholders due to minimum net worth requirements under the credit facilities referred to above .the amount of retained earnings available for dividends was $ 7.8 billion and $ 6.2 billion at december 31 , 2006 and 2005 , respectively .we do not expect that these restrictions will have a material adverse effect on our consolidated financial condition , results of operations , or liquidity .we declared dividends of $ 323 million in 2006 and $ 316 million in 2005 .shelf registration statement 2013 under a current shelf registration statement , we may issue any combination of debt securities , preferred stock , common stock , or warrants for debt securities or preferred stock in one or more offerings .at december 31 , 2006 , we had $ 500 million remaining for issuance under the current shelf registration statement .we have no immediate plans to issue any securities ; however , we routinely consider and evaluate opportunities to replace existing debt or access capital through issuances of debt securities under this shelf registration , and , therefore , we may issue debt securities at any time .6 .leases we lease certain locomotives , freight cars , and other property .future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2006 were as follows : millions of dollars operating leases capital leases . millions of dollars | operatingleases | capital leases
2007 | $ 624 | $ 180
2008 | 546 | 173
2009 | 498 | 168
2010 | 456 | 148
2011 | 419 | 157
later years | 2914 | 1090
total minimum lease payments | $ 5457 | $ 1916
amount representing interest | n/a | -680 ( 680 )
present value of minimum lease payments | n/a | $ 1236 rent expense for operating leases with terms exceeding one month was $ 798 million in 2006 , $ 728 million in 2005 , and $ 651 million in 2004 .when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term .contingent rentals and sub-rentals are not significant. .
Question: what is the sum of total minimum lease payments for operating and capital leases?
Steps: add(5457, 1916)
Answer: 7373.0
Question: what is the value of operating leases in 2009?
Steps: Ask for number 498
Answer: 498.0
Question: what is the value of capital leases in 2008?
Steps: Ask for number 168
Answer: 168.0
Question: what is the sum of those leases?
| 666.0 | 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.
depending upon our senior unsecured debt ratings .the facilities require the maintenance of a minimum net worth and a debt to net worth coverage ratio .at december 31 , 2006 , we were in compliance with these covenants .the facilities do not include any other financial restrictions , credit rating triggers ( other than rating-dependent pricing ) , or any other provision that could require the posting of collateral .in addition to our revolving credit facilities , we had $ 150 million in uncommitted lines of credit available , including $ 75 million that expires in march 2007 and $ 75 million expiring in may 2007 .neither of these lines of credit were used as of december 31 , 2006 .we must have equivalent credit available under our five-year facilities to draw on these $ 75 million lines .dividend restrictions 2013 we are subject to certain restrictions related to the payment of cash dividends to our shareholders due to minimum net worth requirements under the credit facilities referred to above .the amount of retained earnings available for dividends was $ 7.8 billion and $ 6.2 billion at december 31 , 2006 and 2005 , respectively .we do not expect that these restrictions will have a material adverse effect on our consolidated financial condition , results of operations , or liquidity .we declared dividends of $ 323 million in 2006 and $ 316 million in 2005 .shelf registration statement 2013 under a current shelf registration statement , we may issue any combination of debt securities , preferred stock , common stock , or warrants for debt securities or preferred stock in one or more offerings .at december 31 , 2006 , we had $ 500 million remaining for issuance under the current shelf registration statement .we have no immediate plans to issue any securities ; however , we routinely consider and evaluate opportunities to replace existing debt or access capital through issuances of debt securities under this shelf registration , and , therefore , we may issue debt securities at any time .6 .leases we lease certain locomotives , freight cars , and other property .future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2006 were as follows : millions of dollars operating leases capital leases . millions of dollars | operatingleases | capital leases
2007 | $ 624 | $ 180
2008 | 546 | 173
2009 | 498 | 168
2010 | 456 | 148
2011 | 419 | 157
later years | 2914 | 1090
total minimum lease payments | $ 5457 | $ 1916
amount representing interest | n/a | -680 ( 680 )
present value of minimum lease payments | n/a | $ 1236 rent expense for operating leases with terms exceeding one month was $ 798 million in 2006 , $ 728 million in 2005 , and $ 651 million in 2004 .when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term .contingent rentals and sub-rentals are not significant. .
Question: what is the sum of total minimum lease payments for operating and capital leases?
Steps: add(5457, 1916)
Answer: 7373.0
Question: what is the value of operating leases in 2009?
Steps: Ask for number 498
Answer: 498.0
Question: what is the value of capital leases in 2008?
Steps: Ask for number 168
Answer: 168.0
Question: what is the sum of those leases?
| convfinqa2268 |
depending upon our senior unsecured debt ratings .the facilities require the maintenance of a minimum net worth and a debt to net worth coverage ratio .at december 31 , 2006 , we were in compliance with these covenants .the facilities do not include any other financial restrictions , credit rating triggers ( other than rating-dependent pricing ) , or any other provision that could require the posting of collateral .in addition to our revolving credit facilities , we had $ 150 million in uncommitted lines of credit available , including $ 75 million that expires in march 2007 and $ 75 million expiring in may 2007 .neither of these lines of credit were used as of december 31 , 2006 .we must have equivalent credit available under our five-year facilities to draw on these $ 75 million lines .dividend restrictions 2013 we are subject to certain restrictions related to the payment of cash dividends to our shareholders due to minimum net worth requirements under the credit facilities referred to above .the amount of retained earnings available for dividends was $ 7.8 billion and $ 6.2 billion at december 31 , 2006 and 2005 , respectively .we do not expect that these restrictions will have a material adverse effect on our consolidated financial condition , results of operations , or liquidity .we declared dividends of $ 323 million in 2006 and $ 316 million in 2005 .shelf registration statement 2013 under a current shelf registration statement , we may issue any combination of debt securities , preferred stock , common stock , or warrants for debt securities or preferred stock in one or more offerings .at december 31 , 2006 , we had $ 500 million remaining for issuance under the current shelf registration statement .we have no immediate plans to issue any securities ; however , we routinely consider and evaluate opportunities to replace existing debt or access capital through issuances of debt securities under this shelf registration , and , therefore , we may issue debt securities at any time .6 .leases we lease certain locomotives , freight cars , and other property .future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2006 were as follows : millions of dollars operating leases capital leases . millions of dollars | operatingleases | capital leases
2007 | $ 624 | $ 180
2008 | 546 | 173
2009 | 498 | 168
2010 | 456 | 148
2011 | 419 | 157
later years | 2914 | 1090
total minimum lease payments | $ 5457 | $ 1916
amount representing interest | n/a | -680 ( 680 )
present value of minimum lease payments | n/a | $ 1236 rent expense for operating leases with terms exceeding one month was $ 798 million in 2006 , $ 728 million in 2005 , and $ 651 million in 2004 .when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term .contingent rentals and sub-rentals are not significant. .
Question: what is the sum of total minimum lease payments for operating and capital leases?
Steps: add(5457, 1916)
Answer: 7373.0
Question: what is the value of operating leases in 2009?
Steps: Ask for number 498
Answer: 498.0
Question: what is the value of capital leases in 2008?
Steps: Ask for number 168
Answer: 168.0
Question: what is the sum of those leases?
Steps: add(498, 168)
Answer: 666.0
Question: what is the ratio of the sum of leases to the sum of operating and capital leases?
| 0.09033 | 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.
depending upon our senior unsecured debt ratings .the facilities require the maintenance of a minimum net worth and a debt to net worth coverage ratio .at december 31 , 2006 , we were in compliance with these covenants .the facilities do not include any other financial restrictions , credit rating triggers ( other than rating-dependent pricing ) , or any other provision that could require the posting of collateral .in addition to our revolving credit facilities , we had $ 150 million in uncommitted lines of credit available , including $ 75 million that expires in march 2007 and $ 75 million expiring in may 2007 .neither of these lines of credit were used as of december 31 , 2006 .we must have equivalent credit available under our five-year facilities to draw on these $ 75 million lines .dividend restrictions 2013 we are subject to certain restrictions related to the payment of cash dividends to our shareholders due to minimum net worth requirements under the credit facilities referred to above .the amount of retained earnings available for dividends was $ 7.8 billion and $ 6.2 billion at december 31 , 2006 and 2005 , respectively .we do not expect that these restrictions will have a material adverse effect on our consolidated financial condition , results of operations , or liquidity .we declared dividends of $ 323 million in 2006 and $ 316 million in 2005 .shelf registration statement 2013 under a current shelf registration statement , we may issue any combination of debt securities , preferred stock , common stock , or warrants for debt securities or preferred stock in one or more offerings .at december 31 , 2006 , we had $ 500 million remaining for issuance under the current shelf registration statement .we have no immediate plans to issue any securities ; however , we routinely consider and evaluate opportunities to replace existing debt or access capital through issuances of debt securities under this shelf registration , and , therefore , we may issue debt securities at any time .6 .leases we lease certain locomotives , freight cars , and other property .future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2006 were as follows : millions of dollars operating leases capital leases . millions of dollars | operatingleases | capital leases
2007 | $ 624 | $ 180
2008 | 546 | 173
2009 | 498 | 168
2010 | 456 | 148
2011 | 419 | 157
later years | 2914 | 1090
total minimum lease payments | $ 5457 | $ 1916
amount representing interest | n/a | -680 ( 680 )
present value of minimum lease payments | n/a | $ 1236 rent expense for operating leases with terms exceeding one month was $ 798 million in 2006 , $ 728 million in 2005 , and $ 651 million in 2004 .when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term .contingent rentals and sub-rentals are not significant. .
Question: what is the sum of total minimum lease payments for operating and capital leases?
Steps: add(5457, 1916)
Answer: 7373.0
Question: what is the value of operating leases in 2009?
Steps: Ask for number 498
Answer: 498.0
Question: what is the value of capital leases in 2008?
Steps: Ask for number 168
Answer: 168.0
Question: what is the sum of those leases?
Steps: add(498, 168)
Answer: 666.0
Question: what is the ratio of the sum of leases to the sum of operating and capital leases?
| convfinqa2269 |
devon energy corporation and subsidiaries notes to consolidated financial statements 2013 ( continued ) proved undeveloped reserves the following table presents the changes in devon 2019s total proved undeveloped reserves during 2013 ( in mmboe ) . . | u.s . | canada | total
proved undeveloped reserves as of december 31 2012 | 407 | 433 | 840
extensions and discoveries | 57 | 38 | 95
revisions due to prices | 1 | -10 ( 10 ) | -9 ( 9 )
revisions other than price | -91 ( 91 ) | 13 | -78 ( 78 )
conversion to proved developed reserves | -116 ( 116 ) | -31 ( 31 ) | -147 ( 147 )
proved undeveloped reserves as of december 31 2013 | 258 | 443 | 701 at december 31 , 2013 , devon had 701 mmboe of proved undeveloped reserves .this represents a 17 percent decrease as compared to 2012 and represents 24 percent of total proved reserves .drilling and development activities increased devon 2019s proved undeveloped reserves 95 mmboe and resulted in the conversion of 147 mmboe , or 18 percent , of the 2012 proved undeveloped reserves to proved developed reserves .costs incurred related to the development and conversion of devon 2019s proved undeveloped reserves were $ 1.9 billion for 2013 .additionally , revisions other than price decreased devon 2019s proved undeveloped reserves 78 mmboe primarily due to evaluations of certain u.s .onshore dry-gas areas , which devon does not expect to develop in the next five years .the largest revisions relate to the dry-gas areas in the cana-woodford shale in western oklahoma , carthage in east texas and the barnett shale in north texas .a significant amount of devon 2019s proved undeveloped reserves at the end of 2013 related to its jackfish operations .at december 31 , 2013 and 2012 , devon 2019s jackfish proved undeveloped reserves were 441 mmboe and 429 mmboe , respectively .development schedules for the jackfish reserves are primarily controlled by the need to keep the processing plants at their 35000 barrel daily facility capacity .processing plant capacity is controlled by factors such as total steam processing capacity , steam-oil ratios and air quality discharge permits .as a result , these reserves are classified as proved undeveloped for more than five years .currently , the development schedule for these reserves extends though the year 2031 .price revisions 2013 2013 reserves increased 94 mmboe primarily due to higher gas prices .of this increase , 43 mmboe related to the barnett shale and 19 mmboe related to the rocky mountain area .2012 2013 reserves decreased 171 mmboe primarily due to lower gas prices .of this decrease , 100 mmboe related to the barnett shale and 25 mmboe related to the rocky mountain area .2011 2013 reserves decreased 21 mmboe due to lower gas prices and higher oil prices .the higher oil prices increased devon 2019s canadian royalty burden , which reduced devon 2019s oil reserves .revisions other than price total revisions other than price for 2013 , 2012 and 2011 primarily related to devon 2019s evaluation of certain dry gas regions , with the largest revisions being made in the cana-woodford shale , barnett shale and carthage .
Question: combined, what was the total revisions due to prices and revisions other than price?
| 87.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
devon energy corporation and subsidiaries notes to consolidated financial statements 2013 ( continued ) proved undeveloped reserves the following table presents the changes in devon 2019s total proved undeveloped reserves during 2013 ( in mmboe ) . . | u.s . | canada | total
proved undeveloped reserves as of december 31 2012 | 407 | 433 | 840
extensions and discoveries | 57 | 38 | 95
revisions due to prices | 1 | -10 ( 10 ) | -9 ( 9 )
revisions other than price | -91 ( 91 ) | 13 | -78 ( 78 )
conversion to proved developed reserves | -116 ( 116 ) | -31 ( 31 ) | -147 ( 147 )
proved undeveloped reserves as of december 31 2013 | 258 | 443 | 701 at december 31 , 2013 , devon had 701 mmboe of proved undeveloped reserves .this represents a 17 percent decrease as compared to 2012 and represents 24 percent of total proved reserves .drilling and development activities increased devon 2019s proved undeveloped reserves 95 mmboe and resulted in the conversion of 147 mmboe , or 18 percent , of the 2012 proved undeveloped reserves to proved developed reserves .costs incurred related to the development and conversion of devon 2019s proved undeveloped reserves were $ 1.9 billion for 2013 .additionally , revisions other than price decreased devon 2019s proved undeveloped reserves 78 mmboe primarily due to evaluations of certain u.s .onshore dry-gas areas , which devon does not expect to develop in the next five years .the largest revisions relate to the dry-gas areas in the cana-woodford shale in western oklahoma , carthage in east texas and the barnett shale in north texas .a significant amount of devon 2019s proved undeveloped reserves at the end of 2013 related to its jackfish operations .at december 31 , 2013 and 2012 , devon 2019s jackfish proved undeveloped reserves were 441 mmboe and 429 mmboe , respectively .development schedules for the jackfish reserves are primarily controlled by the need to keep the processing plants at their 35000 barrel daily facility capacity .processing plant capacity is controlled by factors such as total steam processing capacity , steam-oil ratios and air quality discharge permits .as a result , these reserves are classified as proved undeveloped for more than five years .currently , the development schedule for these reserves extends though the year 2031 .price revisions 2013 2013 reserves increased 94 mmboe primarily due to higher gas prices .of this increase , 43 mmboe related to the barnett shale and 19 mmboe related to the rocky mountain area .2012 2013 reserves decreased 171 mmboe primarily due to lower gas prices .of this decrease , 100 mmboe related to the barnett shale and 25 mmboe related to the rocky mountain area .2011 2013 reserves decreased 21 mmboe due to lower gas prices and higher oil prices .the higher oil prices increased devon 2019s canadian royalty burden , which reduced devon 2019s oil reserves .revisions other than price total revisions other than price for 2013 , 2012 and 2011 primarily related to devon 2019s evaluation of certain dry gas regions , with the largest revisions being made in the cana-woodford shale , barnett shale and carthage .
Question: combined, what was the total revisions due to prices and revisions other than price?
| convfinqa2270 |
devon energy corporation and subsidiaries notes to consolidated financial statements 2013 ( continued ) proved undeveloped reserves the following table presents the changes in devon 2019s total proved undeveloped reserves during 2013 ( in mmboe ) . . | u.s . | canada | total
proved undeveloped reserves as of december 31 2012 | 407 | 433 | 840
extensions and discoveries | 57 | 38 | 95
revisions due to prices | 1 | -10 ( 10 ) | -9 ( 9 )
revisions other than price | -91 ( 91 ) | 13 | -78 ( 78 )
conversion to proved developed reserves | -116 ( 116 ) | -31 ( 31 ) | -147 ( 147 )
proved undeveloped reserves as of december 31 2013 | 258 | 443 | 701 at december 31 , 2013 , devon had 701 mmboe of proved undeveloped reserves .this represents a 17 percent decrease as compared to 2012 and represents 24 percent of total proved reserves .drilling and development activities increased devon 2019s proved undeveloped reserves 95 mmboe and resulted in the conversion of 147 mmboe , or 18 percent , of the 2012 proved undeveloped reserves to proved developed reserves .costs incurred related to the development and conversion of devon 2019s proved undeveloped reserves were $ 1.9 billion for 2013 .additionally , revisions other than price decreased devon 2019s proved undeveloped reserves 78 mmboe primarily due to evaluations of certain u.s .onshore dry-gas areas , which devon does not expect to develop in the next five years .the largest revisions relate to the dry-gas areas in the cana-woodford shale in western oklahoma , carthage in east texas and the barnett shale in north texas .a significant amount of devon 2019s proved undeveloped reserves at the end of 2013 related to its jackfish operations .at december 31 , 2013 and 2012 , devon 2019s jackfish proved undeveloped reserves were 441 mmboe and 429 mmboe , respectively .development schedules for the jackfish reserves are primarily controlled by the need to keep the processing plants at their 35000 barrel daily facility capacity .processing plant capacity is controlled by factors such as total steam processing capacity , steam-oil ratios and air quality discharge permits .as a result , these reserves are classified as proved undeveloped for more than five years .currently , the development schedule for these reserves extends though the year 2031 .price revisions 2013 2013 reserves increased 94 mmboe primarily due to higher gas prices .of this increase , 43 mmboe related to the barnett shale and 19 mmboe related to the rocky mountain area .2012 2013 reserves decreased 171 mmboe primarily due to lower gas prices .of this decrease , 100 mmboe related to the barnett shale and 25 mmboe related to the rocky mountain area .2011 2013 reserves decreased 21 mmboe due to lower gas prices and higher oil prices .the higher oil prices increased devon 2019s canadian royalty burden , which reduced devon 2019s oil reserves .revisions other than price total revisions other than price for 2013 , 2012 and 2011 primarily related to devon 2019s evaluation of certain dry gas regions , with the largest revisions being made in the cana-woodford shale , barnett shale and carthage .
Question: combined, what was the total revisions due to prices and revisions other than price?
Steps: add(9, 78)
Answer: 87.0
Question: and the value of revisions other than price?
| 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.
devon energy corporation and subsidiaries notes to consolidated financial statements 2013 ( continued ) proved undeveloped reserves the following table presents the changes in devon 2019s total proved undeveloped reserves during 2013 ( in mmboe ) . . | u.s . | canada | total
proved undeveloped reserves as of december 31 2012 | 407 | 433 | 840
extensions and discoveries | 57 | 38 | 95
revisions due to prices | 1 | -10 ( 10 ) | -9 ( 9 )
revisions other than price | -91 ( 91 ) | 13 | -78 ( 78 )
conversion to proved developed reserves | -116 ( 116 ) | -31 ( 31 ) | -147 ( 147 )
proved undeveloped reserves as of december 31 2013 | 258 | 443 | 701 at december 31 , 2013 , devon had 701 mmboe of proved undeveloped reserves .this represents a 17 percent decrease as compared to 2012 and represents 24 percent of total proved reserves .drilling and development activities increased devon 2019s proved undeveloped reserves 95 mmboe and resulted in the conversion of 147 mmboe , or 18 percent , of the 2012 proved undeveloped reserves to proved developed reserves .costs incurred related to the development and conversion of devon 2019s proved undeveloped reserves were $ 1.9 billion for 2013 .additionally , revisions other than price decreased devon 2019s proved undeveloped reserves 78 mmboe primarily due to evaluations of certain u.s .onshore dry-gas areas , which devon does not expect to develop in the next five years .the largest revisions relate to the dry-gas areas in the cana-woodford shale in western oklahoma , carthage in east texas and the barnett shale in north texas .a significant amount of devon 2019s proved undeveloped reserves at the end of 2013 related to its jackfish operations .at december 31 , 2013 and 2012 , devon 2019s jackfish proved undeveloped reserves were 441 mmboe and 429 mmboe , respectively .development schedules for the jackfish reserves are primarily controlled by the need to keep the processing plants at their 35000 barrel daily facility capacity .processing plant capacity is controlled by factors such as total steam processing capacity , steam-oil ratios and air quality discharge permits .as a result , these reserves are classified as proved undeveloped for more than five years .currently , the development schedule for these reserves extends though the year 2031 .price revisions 2013 2013 reserves increased 94 mmboe primarily due to higher gas prices .of this increase , 43 mmboe related to the barnett shale and 19 mmboe related to the rocky mountain area .2012 2013 reserves decreased 171 mmboe primarily due to lower gas prices .of this decrease , 100 mmboe related to the barnett shale and 25 mmboe related to the rocky mountain area .2011 2013 reserves decreased 21 mmboe due to lower gas prices and higher oil prices .the higher oil prices increased devon 2019s canadian royalty burden , which reduced devon 2019s oil reserves .revisions other than price total revisions other than price for 2013 , 2012 and 2011 primarily related to devon 2019s evaluation of certain dry gas regions , with the largest revisions being made in the cana-woodford shale , barnett shale and carthage .
Question: combined, what was the total revisions due to prices and revisions other than price?
Steps: add(9, 78)
Answer: 87.0
Question: and the value of revisions other than price?
| convfinqa2271 |
devon energy corporation and subsidiaries notes to consolidated financial statements 2013 ( continued ) proved undeveloped reserves the following table presents the changes in devon 2019s total proved undeveloped reserves during 2013 ( in mmboe ) . . | u.s . | canada | total
proved undeveloped reserves as of december 31 2012 | 407 | 433 | 840
extensions and discoveries | 57 | 38 | 95
revisions due to prices | 1 | -10 ( 10 ) | -9 ( 9 )
revisions other than price | -91 ( 91 ) | 13 | -78 ( 78 )
conversion to proved developed reserves | -116 ( 116 ) | -31 ( 31 ) | -147 ( 147 )
proved undeveloped reserves as of december 31 2013 | 258 | 443 | 701 at december 31 , 2013 , devon had 701 mmboe of proved undeveloped reserves .this represents a 17 percent decrease as compared to 2012 and represents 24 percent of total proved reserves .drilling and development activities increased devon 2019s proved undeveloped reserves 95 mmboe and resulted in the conversion of 147 mmboe , or 18 percent , of the 2012 proved undeveloped reserves to proved developed reserves .costs incurred related to the development and conversion of devon 2019s proved undeveloped reserves were $ 1.9 billion for 2013 .additionally , revisions other than price decreased devon 2019s proved undeveloped reserves 78 mmboe primarily due to evaluations of certain u.s .onshore dry-gas areas , which devon does not expect to develop in the next five years .the largest revisions relate to the dry-gas areas in the cana-woodford shale in western oklahoma , carthage in east texas and the barnett shale in north texas .a significant amount of devon 2019s proved undeveloped reserves at the end of 2013 related to its jackfish operations .at december 31 , 2013 and 2012 , devon 2019s jackfish proved undeveloped reserves were 441 mmboe and 429 mmboe , respectively .development schedules for the jackfish reserves are primarily controlled by the need to keep the processing plants at their 35000 barrel daily facility capacity .processing plant capacity is controlled by factors such as total steam processing capacity , steam-oil ratios and air quality discharge permits .as a result , these reserves are classified as proved undeveloped for more than five years .currently , the development schedule for these reserves extends though the year 2031 .price revisions 2013 2013 reserves increased 94 mmboe primarily due to higher gas prices .of this increase , 43 mmboe related to the barnett shale and 19 mmboe related to the rocky mountain area .2012 2013 reserves decreased 171 mmboe primarily due to lower gas prices .of this decrease , 100 mmboe related to the barnett shale and 25 mmboe related to the rocky mountain area .2011 2013 reserves decreased 21 mmboe due to lower gas prices and higher oil prices .the higher oil prices increased devon 2019s canadian royalty burden , which reduced devon 2019s oil reserves .revisions other than price total revisions other than price for 2013 , 2012 and 2011 primarily related to devon 2019s evaluation of certain dry gas regions , with the largest revisions being made in the cana-woodford shale , barnett shale and carthage .
Question: combined, what was the total revisions due to prices and revisions other than price?
Steps: add(9, 78)
Answer: 87.0
Question: and the value of revisions other than price?
Steps: Ask for number 78
Answer: 78.0
Question: so what was the proportion of this value compared to the total?
| 0.89655 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
devon energy corporation and subsidiaries notes to consolidated financial statements 2013 ( continued ) proved undeveloped reserves the following table presents the changes in devon 2019s total proved undeveloped reserves during 2013 ( in mmboe ) . . | u.s . | canada | total
proved undeveloped reserves as of december 31 2012 | 407 | 433 | 840
extensions and discoveries | 57 | 38 | 95
revisions due to prices | 1 | -10 ( 10 ) | -9 ( 9 )
revisions other than price | -91 ( 91 ) | 13 | -78 ( 78 )
conversion to proved developed reserves | -116 ( 116 ) | -31 ( 31 ) | -147 ( 147 )
proved undeveloped reserves as of december 31 2013 | 258 | 443 | 701 at december 31 , 2013 , devon had 701 mmboe of proved undeveloped reserves .this represents a 17 percent decrease as compared to 2012 and represents 24 percent of total proved reserves .drilling and development activities increased devon 2019s proved undeveloped reserves 95 mmboe and resulted in the conversion of 147 mmboe , or 18 percent , of the 2012 proved undeveloped reserves to proved developed reserves .costs incurred related to the development and conversion of devon 2019s proved undeveloped reserves were $ 1.9 billion for 2013 .additionally , revisions other than price decreased devon 2019s proved undeveloped reserves 78 mmboe primarily due to evaluations of certain u.s .onshore dry-gas areas , which devon does not expect to develop in the next five years .the largest revisions relate to the dry-gas areas in the cana-woodford shale in western oklahoma , carthage in east texas and the barnett shale in north texas .a significant amount of devon 2019s proved undeveloped reserves at the end of 2013 related to its jackfish operations .at december 31 , 2013 and 2012 , devon 2019s jackfish proved undeveloped reserves were 441 mmboe and 429 mmboe , respectively .development schedules for the jackfish reserves are primarily controlled by the need to keep the processing plants at their 35000 barrel daily facility capacity .processing plant capacity is controlled by factors such as total steam processing capacity , steam-oil ratios and air quality discharge permits .as a result , these reserves are classified as proved undeveloped for more than five years .currently , the development schedule for these reserves extends though the year 2031 .price revisions 2013 2013 reserves increased 94 mmboe primarily due to higher gas prices .of this increase , 43 mmboe related to the barnett shale and 19 mmboe related to the rocky mountain area .2012 2013 reserves decreased 171 mmboe primarily due to lower gas prices .of this decrease , 100 mmboe related to the barnett shale and 25 mmboe related to the rocky mountain area .2011 2013 reserves decreased 21 mmboe due to lower gas prices and higher oil prices .the higher oil prices increased devon 2019s canadian royalty burden , which reduced devon 2019s oil reserves .revisions other than price total revisions other than price for 2013 , 2012 and 2011 primarily related to devon 2019s evaluation of certain dry gas regions , with the largest revisions being made in the cana-woodford shale , barnett shale and carthage .
Question: combined, what was the total revisions due to prices and revisions other than price?
Steps: add(9, 78)
Answer: 87.0
Question: and the value of revisions other than price?
Steps: Ask for number 78
Answer: 78.0
Question: so what was the proportion of this value compared to the total?
| convfinqa2272 |
devon energy corporation and subsidiaries notes to consolidated financial statements 2013 ( continued ) proved undeveloped reserves the following table presents the changes in devon 2019s total proved undeveloped reserves during 2013 ( in mmboe ) . . | u.s . | canada | total
proved undeveloped reserves as of december 31 2012 | 407 | 433 | 840
extensions and discoveries | 57 | 38 | 95
revisions due to prices | 1 | -10 ( 10 ) | -9 ( 9 )
revisions other than price | -91 ( 91 ) | 13 | -78 ( 78 )
conversion to proved developed reserves | -116 ( 116 ) | -31 ( 31 ) | -147 ( 147 )
proved undeveloped reserves as of december 31 2013 | 258 | 443 | 701 at december 31 , 2013 , devon had 701 mmboe of proved undeveloped reserves .this represents a 17 percent decrease as compared to 2012 and represents 24 percent of total proved reserves .drilling and development activities increased devon 2019s proved undeveloped reserves 95 mmboe and resulted in the conversion of 147 mmboe , or 18 percent , of the 2012 proved undeveloped reserves to proved developed reserves .costs incurred related to the development and conversion of devon 2019s proved undeveloped reserves were $ 1.9 billion for 2013 .additionally , revisions other than price decreased devon 2019s proved undeveloped reserves 78 mmboe primarily due to evaluations of certain u.s .onshore dry-gas areas , which devon does not expect to develop in the next five years .the largest revisions relate to the dry-gas areas in the cana-woodford shale in western oklahoma , carthage in east texas and the barnett shale in north texas .a significant amount of devon 2019s proved undeveloped reserves at the end of 2013 related to its jackfish operations .at december 31 , 2013 and 2012 , devon 2019s jackfish proved undeveloped reserves were 441 mmboe and 429 mmboe , respectively .development schedules for the jackfish reserves are primarily controlled by the need to keep the processing plants at their 35000 barrel daily facility capacity .processing plant capacity is controlled by factors such as total steam processing capacity , steam-oil ratios and air quality discharge permits .as a result , these reserves are classified as proved undeveloped for more than five years .currently , the development schedule for these reserves extends though the year 2031 .price revisions 2013 2013 reserves increased 94 mmboe primarily due to higher gas prices .of this increase , 43 mmboe related to the barnett shale and 19 mmboe related to the rocky mountain area .2012 2013 reserves decreased 171 mmboe primarily due to lower gas prices .of this decrease , 100 mmboe related to the barnett shale and 25 mmboe related to the rocky mountain area .2011 2013 reserves decreased 21 mmboe due to lower gas prices and higher oil prices .the higher oil prices increased devon 2019s canadian royalty burden , which reduced devon 2019s oil reserves .revisions other than price total revisions other than price for 2013 , 2012 and 2011 primarily related to devon 2019s evaluation of certain dry gas regions , with the largest revisions being made in the cana-woodford shale , barnett shale and carthage .
Question: combined, what was the total revisions due to prices and revisions other than price?
Steps: add(9, 78)
Answer: 87.0
Question: and the value of revisions other than price?
Steps: Ask for number 78
Answer: 78.0
Question: so what was the proportion of this value compared to the total?
Steps: divide(78, A0)
Answer: 0.89655
Question: and as a percentage?
| 89.65517 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
devon energy corporation and subsidiaries notes to consolidated financial statements 2013 ( continued ) proved undeveloped reserves the following table presents the changes in devon 2019s total proved undeveloped reserves during 2013 ( in mmboe ) . . | u.s . | canada | total
proved undeveloped reserves as of december 31 2012 | 407 | 433 | 840
extensions and discoveries | 57 | 38 | 95
revisions due to prices | 1 | -10 ( 10 ) | -9 ( 9 )
revisions other than price | -91 ( 91 ) | 13 | -78 ( 78 )
conversion to proved developed reserves | -116 ( 116 ) | -31 ( 31 ) | -147 ( 147 )
proved undeveloped reserves as of december 31 2013 | 258 | 443 | 701 at december 31 , 2013 , devon had 701 mmboe of proved undeveloped reserves .this represents a 17 percent decrease as compared to 2012 and represents 24 percent of total proved reserves .drilling and development activities increased devon 2019s proved undeveloped reserves 95 mmboe and resulted in the conversion of 147 mmboe , or 18 percent , of the 2012 proved undeveloped reserves to proved developed reserves .costs incurred related to the development and conversion of devon 2019s proved undeveloped reserves were $ 1.9 billion for 2013 .additionally , revisions other than price decreased devon 2019s proved undeveloped reserves 78 mmboe primarily due to evaluations of certain u.s .onshore dry-gas areas , which devon does not expect to develop in the next five years .the largest revisions relate to the dry-gas areas in the cana-woodford shale in western oklahoma , carthage in east texas and the barnett shale in north texas .a significant amount of devon 2019s proved undeveloped reserves at the end of 2013 related to its jackfish operations .at december 31 , 2013 and 2012 , devon 2019s jackfish proved undeveloped reserves were 441 mmboe and 429 mmboe , respectively .development schedules for the jackfish reserves are primarily controlled by the need to keep the processing plants at their 35000 barrel daily facility capacity .processing plant capacity is controlled by factors such as total steam processing capacity , steam-oil ratios and air quality discharge permits .as a result , these reserves are classified as proved undeveloped for more than five years .currently , the development schedule for these reserves extends though the year 2031 .price revisions 2013 2013 reserves increased 94 mmboe primarily due to higher gas prices .of this increase , 43 mmboe related to the barnett shale and 19 mmboe related to the rocky mountain area .2012 2013 reserves decreased 171 mmboe primarily due to lower gas prices .of this decrease , 100 mmboe related to the barnett shale and 25 mmboe related to the rocky mountain area .2011 2013 reserves decreased 21 mmboe due to lower gas prices and higher oil prices .the higher oil prices increased devon 2019s canadian royalty burden , which reduced devon 2019s oil reserves .revisions other than price total revisions other than price for 2013 , 2012 and 2011 primarily related to devon 2019s evaluation of certain dry gas regions , with the largest revisions being made in the cana-woodford shale , barnett shale and carthage .
Question: combined, what was the total revisions due to prices and revisions other than price?
Steps: add(9, 78)
Answer: 87.0
Question: and the value of revisions other than price?
Steps: Ask for number 78
Answer: 78.0
Question: so what was the proportion of this value compared to the total?
Steps: divide(78, A0)
Answer: 0.89655
Question: and as a percentage?
| convfinqa2273 |
12 .brokerage receivables and brokerage payables citi has receivables and payables for financial instruments sold to and purchased from brokers , dealers and customers , which arise in the ordinary course of business .citi is exposed to risk of loss from the inability of brokers , dealers or customers to pay for purchases or to deliver the financial instruments sold , in which case citi would have to sell or purchase the financial instruments at prevailing market prices .credit risk is reduced to the extent that an exchange or clearing organization acts as a counterparty to the transaction and replaces the broker , dealer or customer in question .citi seeks to protect itself from the risks associated with customer activities by requiring customers to maintain margin collateral in compliance with regulatory and internal guidelines .margin levels are monitored daily , and customers deposit additional collateral as required .where customers cannot meet collateral requirements , citi may liquidate sufficient underlying financial instruments to bring the customer into compliance with the required margin level .exposure to credit risk is impacted by market volatility , which may impair the ability of clients to satisfy their obligations to citi .credit limits are established and closely monitored for customers and for brokers and dealers engaged in forwards , futures and other transactions deemed to be credit sensitive .brokerage receivables and brokerage payables consisted of the following: . in millions of dollars | december 31 , 2017 | december 31 , 2016
receivables from customers | $ 19215 | $ 10374
receivables from brokers dealers and clearing organizations | 19169 | 18513
total brokerage receivables ( 1 ) | $ 38384 | $ 28887
payables to customers | $ 38741 | $ 37237
payables to brokers dealers and clearing organizations | 22601 | 19915
total brokerage payables ( 1 ) | $ 61342 | $ 57152 payables to brokers , dealers and clearing organizations 22601 19915 total brokerage payables ( 1 ) $ 61342 $ 57152 ( 1 ) includes brokerage receivables and payables recorded by citi broker- dealer entities that are accounted for in accordance with the aicpa accounting guide for brokers and dealers in securities as codified in asc 940-320. .
Question: what were the total brokerage payables in 2017?
| 61342.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
12 .brokerage receivables and brokerage payables citi has receivables and payables for financial instruments sold to and purchased from brokers , dealers and customers , which arise in the ordinary course of business .citi is exposed to risk of loss from the inability of brokers , dealers or customers to pay for purchases or to deliver the financial instruments sold , in which case citi would have to sell or purchase the financial instruments at prevailing market prices .credit risk is reduced to the extent that an exchange or clearing organization acts as a counterparty to the transaction and replaces the broker , dealer or customer in question .citi seeks to protect itself from the risks associated with customer activities by requiring customers to maintain margin collateral in compliance with regulatory and internal guidelines .margin levels are monitored daily , and customers deposit additional collateral as required .where customers cannot meet collateral requirements , citi may liquidate sufficient underlying financial instruments to bring the customer into compliance with the required margin level .exposure to credit risk is impacted by market volatility , which may impair the ability of clients to satisfy their obligations to citi .credit limits are established and closely monitored for customers and for brokers and dealers engaged in forwards , futures and other transactions deemed to be credit sensitive .brokerage receivables and brokerage payables consisted of the following: . in millions of dollars | december 31 , 2017 | december 31 , 2016
receivables from customers | $ 19215 | $ 10374
receivables from brokers dealers and clearing organizations | 19169 | 18513
total brokerage receivables ( 1 ) | $ 38384 | $ 28887
payables to customers | $ 38741 | $ 37237
payables to brokers dealers and clearing organizations | 22601 | 19915
total brokerage payables ( 1 ) | $ 61342 | $ 57152 payables to brokers , dealers and clearing organizations 22601 19915 total brokerage payables ( 1 ) $ 61342 $ 57152 ( 1 ) includes brokerage receivables and payables recorded by citi broker- dealer entities that are accounted for in accordance with the aicpa accounting guide for brokers and dealers in securities as codified in asc 940-320. .
Question: what were the total brokerage payables in 2017?
| convfinqa2274 |
12 .brokerage receivables and brokerage payables citi has receivables and payables for financial instruments sold to and purchased from brokers , dealers and customers , which arise in the ordinary course of business .citi is exposed to risk of loss from the inability of brokers , dealers or customers to pay for purchases or to deliver the financial instruments sold , in which case citi would have to sell or purchase the financial instruments at prevailing market prices .credit risk is reduced to the extent that an exchange or clearing organization acts as a counterparty to the transaction and replaces the broker , dealer or customer in question .citi seeks to protect itself from the risks associated with customer activities by requiring customers to maintain margin collateral in compliance with regulatory and internal guidelines .margin levels are monitored daily , and customers deposit additional collateral as required .where customers cannot meet collateral requirements , citi may liquidate sufficient underlying financial instruments to bring the customer into compliance with the required margin level .exposure to credit risk is impacted by market volatility , which may impair the ability of clients to satisfy their obligations to citi .credit limits are established and closely monitored for customers and for brokers and dealers engaged in forwards , futures and other transactions deemed to be credit sensitive .brokerage receivables and brokerage payables consisted of the following: . in millions of dollars | december 31 , 2017 | december 31 , 2016
receivables from customers | $ 19215 | $ 10374
receivables from brokers dealers and clearing organizations | 19169 | 18513
total brokerage receivables ( 1 ) | $ 38384 | $ 28887
payables to customers | $ 38741 | $ 37237
payables to brokers dealers and clearing organizations | 22601 | 19915
total brokerage payables ( 1 ) | $ 61342 | $ 57152 payables to brokers , dealers and clearing organizations 22601 19915 total brokerage payables ( 1 ) $ 61342 $ 57152 ( 1 ) includes brokerage receivables and payables recorded by citi broker- dealer entities that are accounted for in accordance with the aicpa accounting guide for brokers and dealers in securities as codified in asc 940-320. .
Question: what were the total brokerage payables in 2017?
Steps: Ask for number 61342
Answer: 61342.0
Question: and what were they in 2016?
| 57152.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
12 .brokerage receivables and brokerage payables citi has receivables and payables for financial instruments sold to and purchased from brokers , dealers and customers , which arise in the ordinary course of business .citi is exposed to risk of loss from the inability of brokers , dealers or customers to pay for purchases or to deliver the financial instruments sold , in which case citi would have to sell or purchase the financial instruments at prevailing market prices .credit risk is reduced to the extent that an exchange or clearing organization acts as a counterparty to the transaction and replaces the broker , dealer or customer in question .citi seeks to protect itself from the risks associated with customer activities by requiring customers to maintain margin collateral in compliance with regulatory and internal guidelines .margin levels are monitored daily , and customers deposit additional collateral as required .where customers cannot meet collateral requirements , citi may liquidate sufficient underlying financial instruments to bring the customer into compliance with the required margin level .exposure to credit risk is impacted by market volatility , which may impair the ability of clients to satisfy their obligations to citi .credit limits are established and closely monitored for customers and for brokers and dealers engaged in forwards , futures and other transactions deemed to be credit sensitive .brokerage receivables and brokerage payables consisted of the following: . in millions of dollars | december 31 , 2017 | december 31 , 2016
receivables from customers | $ 19215 | $ 10374
receivables from brokers dealers and clearing organizations | 19169 | 18513
total brokerage receivables ( 1 ) | $ 38384 | $ 28887
payables to customers | $ 38741 | $ 37237
payables to brokers dealers and clearing organizations | 22601 | 19915
total brokerage payables ( 1 ) | $ 61342 | $ 57152 payables to brokers , dealers and clearing organizations 22601 19915 total brokerage payables ( 1 ) $ 61342 $ 57152 ( 1 ) includes brokerage receivables and payables recorded by citi broker- dealer entities that are accounted for in accordance with the aicpa accounting guide for brokers and dealers in securities as codified in asc 940-320. .
Question: what were the total brokerage payables in 2017?
Steps: Ask for number 61342
Answer: 61342.0
Question: and what were they in 2016?
| convfinqa2275 |
12 .brokerage receivables and brokerage payables citi has receivables and payables for financial instruments sold to and purchased from brokers , dealers and customers , which arise in the ordinary course of business .citi is exposed to risk of loss from the inability of brokers , dealers or customers to pay for purchases or to deliver the financial instruments sold , in which case citi would have to sell or purchase the financial instruments at prevailing market prices .credit risk is reduced to the extent that an exchange or clearing organization acts as a counterparty to the transaction and replaces the broker , dealer or customer in question .citi seeks to protect itself from the risks associated with customer activities by requiring customers to maintain margin collateral in compliance with regulatory and internal guidelines .margin levels are monitored daily , and customers deposit additional collateral as required .where customers cannot meet collateral requirements , citi may liquidate sufficient underlying financial instruments to bring the customer into compliance with the required margin level .exposure to credit risk is impacted by market volatility , which may impair the ability of clients to satisfy their obligations to citi .credit limits are established and closely monitored for customers and for brokers and dealers engaged in forwards , futures and other transactions deemed to be credit sensitive .brokerage receivables and brokerage payables consisted of the following: . in millions of dollars | december 31 , 2017 | december 31 , 2016
receivables from customers | $ 19215 | $ 10374
receivables from brokers dealers and clearing organizations | 19169 | 18513
total brokerage receivables ( 1 ) | $ 38384 | $ 28887
payables to customers | $ 38741 | $ 37237
payables to brokers dealers and clearing organizations | 22601 | 19915
total brokerage payables ( 1 ) | $ 61342 | $ 57152 payables to brokers , dealers and clearing organizations 22601 19915 total brokerage payables ( 1 ) $ 61342 $ 57152 ( 1 ) includes brokerage receivables and payables recorded by citi broker- dealer entities that are accounted for in accordance with the aicpa accounting guide for brokers and dealers in securities as codified in asc 940-320. .
Question: what were the total brokerage payables in 2017?
Steps: Ask for number 61342
Answer: 61342.0
Question: and what were they in 2016?
Steps: Ask for number 57152
Answer: 57152.0
Question: what was, then, the change over the year?
| 4190.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
12 .brokerage receivables and brokerage payables citi has receivables and payables for financial instruments sold to and purchased from brokers , dealers and customers , which arise in the ordinary course of business .citi is exposed to risk of loss from the inability of brokers , dealers or customers to pay for purchases or to deliver the financial instruments sold , in which case citi would have to sell or purchase the financial instruments at prevailing market prices .credit risk is reduced to the extent that an exchange or clearing organization acts as a counterparty to the transaction and replaces the broker , dealer or customer in question .citi seeks to protect itself from the risks associated with customer activities by requiring customers to maintain margin collateral in compliance with regulatory and internal guidelines .margin levels are monitored daily , and customers deposit additional collateral as required .where customers cannot meet collateral requirements , citi may liquidate sufficient underlying financial instruments to bring the customer into compliance with the required margin level .exposure to credit risk is impacted by market volatility , which may impair the ability of clients to satisfy their obligations to citi .credit limits are established and closely monitored for customers and for brokers and dealers engaged in forwards , futures and other transactions deemed to be credit sensitive .brokerage receivables and brokerage payables consisted of the following: . in millions of dollars | december 31 , 2017 | december 31 , 2016
receivables from customers | $ 19215 | $ 10374
receivables from brokers dealers and clearing organizations | 19169 | 18513
total brokerage receivables ( 1 ) | $ 38384 | $ 28887
payables to customers | $ 38741 | $ 37237
payables to brokers dealers and clearing organizations | 22601 | 19915
total brokerage payables ( 1 ) | $ 61342 | $ 57152 payables to brokers , dealers and clearing organizations 22601 19915 total brokerage payables ( 1 ) $ 61342 $ 57152 ( 1 ) includes brokerage receivables and payables recorded by citi broker- dealer entities that are accounted for in accordance with the aicpa accounting guide for brokers and dealers in securities as codified in asc 940-320. .
Question: what were the total brokerage payables in 2017?
Steps: Ask for number 61342
Answer: 61342.0
Question: and what were they in 2016?
Steps: Ask for number 57152
Answer: 57152.0
Question: what was, then, the change over the year?
| convfinqa2276 |
12 .brokerage receivables and brokerage payables citi has receivables and payables for financial instruments sold to and purchased from brokers , dealers and customers , which arise in the ordinary course of business .citi is exposed to risk of loss from the inability of brokers , dealers or customers to pay for purchases or to deliver the financial instruments sold , in which case citi would have to sell or purchase the financial instruments at prevailing market prices .credit risk is reduced to the extent that an exchange or clearing organization acts as a counterparty to the transaction and replaces the broker , dealer or customer in question .citi seeks to protect itself from the risks associated with customer activities by requiring customers to maintain margin collateral in compliance with regulatory and internal guidelines .margin levels are monitored daily , and customers deposit additional collateral as required .where customers cannot meet collateral requirements , citi may liquidate sufficient underlying financial instruments to bring the customer into compliance with the required margin level .exposure to credit risk is impacted by market volatility , which may impair the ability of clients to satisfy their obligations to citi .credit limits are established and closely monitored for customers and for brokers and dealers engaged in forwards , futures and other transactions deemed to be credit sensitive .brokerage receivables and brokerage payables consisted of the following: . in millions of dollars | december 31 , 2017 | december 31 , 2016
receivables from customers | $ 19215 | $ 10374
receivables from brokers dealers and clearing organizations | 19169 | 18513
total brokerage receivables ( 1 ) | $ 38384 | $ 28887
payables to customers | $ 38741 | $ 37237
payables to brokers dealers and clearing organizations | 22601 | 19915
total brokerage payables ( 1 ) | $ 61342 | $ 57152 payables to brokers , dealers and clearing organizations 22601 19915 total brokerage payables ( 1 ) $ 61342 $ 57152 ( 1 ) includes brokerage receivables and payables recorded by citi broker- dealer entities that are accounted for in accordance with the aicpa accounting guide for brokers and dealers in securities as codified in asc 940-320. .
Question: what were the total brokerage payables in 2017?
Steps: Ask for number 61342
Answer: 61342.0
Question: and what were they in 2016?
Steps: Ask for number 57152
Answer: 57152.0
Question: what was, then, the change over the year?
Steps: subtract(61342, 57152)
Answer: 4190.0
Question: what were the total brokerage payables in 2016?
| 57152.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
12 .brokerage receivables and brokerage payables citi has receivables and payables for financial instruments sold to and purchased from brokers , dealers and customers , which arise in the ordinary course of business .citi is exposed to risk of loss from the inability of brokers , dealers or customers to pay for purchases or to deliver the financial instruments sold , in which case citi would have to sell or purchase the financial instruments at prevailing market prices .credit risk is reduced to the extent that an exchange or clearing organization acts as a counterparty to the transaction and replaces the broker , dealer or customer in question .citi seeks to protect itself from the risks associated with customer activities by requiring customers to maintain margin collateral in compliance with regulatory and internal guidelines .margin levels are monitored daily , and customers deposit additional collateral as required .where customers cannot meet collateral requirements , citi may liquidate sufficient underlying financial instruments to bring the customer into compliance with the required margin level .exposure to credit risk is impacted by market volatility , which may impair the ability of clients to satisfy their obligations to citi .credit limits are established and closely monitored for customers and for brokers and dealers engaged in forwards , futures and other transactions deemed to be credit sensitive .brokerage receivables and brokerage payables consisted of the following: . in millions of dollars | december 31 , 2017 | december 31 , 2016
receivables from customers | $ 19215 | $ 10374
receivables from brokers dealers and clearing organizations | 19169 | 18513
total brokerage receivables ( 1 ) | $ 38384 | $ 28887
payables to customers | $ 38741 | $ 37237
payables to brokers dealers and clearing organizations | 22601 | 19915
total brokerage payables ( 1 ) | $ 61342 | $ 57152 payables to brokers , dealers and clearing organizations 22601 19915 total brokerage payables ( 1 ) $ 61342 $ 57152 ( 1 ) includes brokerage receivables and payables recorded by citi broker- dealer entities that are accounted for in accordance with the aicpa accounting guide for brokers and dealers in securities as codified in asc 940-320. .
Question: what were the total brokerage payables in 2017?
Steps: Ask for number 61342
Answer: 61342.0
Question: and what were they in 2016?
Steps: Ask for number 57152
Answer: 57152.0
Question: what was, then, the change over the year?
Steps: subtract(61342, 57152)
Answer: 4190.0
Question: what were the total brokerage payables in 2016?
| convfinqa2277 |
12 .brokerage receivables and brokerage payables citi has receivables and payables for financial instruments sold to and purchased from brokers , dealers and customers , which arise in the ordinary course of business .citi is exposed to risk of loss from the inability of brokers , dealers or customers to pay for purchases or to deliver the financial instruments sold , in which case citi would have to sell or purchase the financial instruments at prevailing market prices .credit risk is reduced to the extent that an exchange or clearing organization acts as a counterparty to the transaction and replaces the broker , dealer or customer in question .citi seeks to protect itself from the risks associated with customer activities by requiring customers to maintain margin collateral in compliance with regulatory and internal guidelines .margin levels are monitored daily , and customers deposit additional collateral as required .where customers cannot meet collateral requirements , citi may liquidate sufficient underlying financial instruments to bring the customer into compliance with the required margin level .exposure to credit risk is impacted by market volatility , which may impair the ability of clients to satisfy their obligations to citi .credit limits are established and closely monitored for customers and for brokers and dealers engaged in forwards , futures and other transactions deemed to be credit sensitive .brokerage receivables and brokerage payables consisted of the following: . in millions of dollars | december 31 , 2017 | december 31 , 2016
receivables from customers | $ 19215 | $ 10374
receivables from brokers dealers and clearing organizations | 19169 | 18513
total brokerage receivables ( 1 ) | $ 38384 | $ 28887
payables to customers | $ 38741 | $ 37237
payables to brokers dealers and clearing organizations | 22601 | 19915
total brokerage payables ( 1 ) | $ 61342 | $ 57152 payables to brokers , dealers and clearing organizations 22601 19915 total brokerage payables ( 1 ) $ 61342 $ 57152 ( 1 ) includes brokerage receivables and payables recorded by citi broker- dealer entities that are accounted for in accordance with the aicpa accounting guide for brokers and dealers in securities as codified in asc 940-320. .
Question: what were the total brokerage payables in 2017?
Steps: Ask for number 61342
Answer: 61342.0
Question: and what were they in 2016?
Steps: Ask for number 57152
Answer: 57152.0
Question: what was, then, the change over the year?
Steps: subtract(61342, 57152)
Answer: 4190.0
Question: what were the total brokerage payables in 2016?
Steps: Ask for number 57152
Answer: 57152.0
Question: and how much does that change represent in relation to these 2016 brokerage payables, in percentage?
| 0.07331 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
12 .brokerage receivables and brokerage payables citi has receivables and payables for financial instruments sold to and purchased from brokers , dealers and customers , which arise in the ordinary course of business .citi is exposed to risk of loss from the inability of brokers , dealers or customers to pay for purchases or to deliver the financial instruments sold , in which case citi would have to sell or purchase the financial instruments at prevailing market prices .credit risk is reduced to the extent that an exchange or clearing organization acts as a counterparty to the transaction and replaces the broker , dealer or customer in question .citi seeks to protect itself from the risks associated with customer activities by requiring customers to maintain margin collateral in compliance with regulatory and internal guidelines .margin levels are monitored daily , and customers deposit additional collateral as required .where customers cannot meet collateral requirements , citi may liquidate sufficient underlying financial instruments to bring the customer into compliance with the required margin level .exposure to credit risk is impacted by market volatility , which may impair the ability of clients to satisfy their obligations to citi .credit limits are established and closely monitored for customers and for brokers and dealers engaged in forwards , futures and other transactions deemed to be credit sensitive .brokerage receivables and brokerage payables consisted of the following: . in millions of dollars | december 31 , 2017 | december 31 , 2016
receivables from customers | $ 19215 | $ 10374
receivables from brokers dealers and clearing organizations | 19169 | 18513
total brokerage receivables ( 1 ) | $ 38384 | $ 28887
payables to customers | $ 38741 | $ 37237
payables to brokers dealers and clearing organizations | 22601 | 19915
total brokerage payables ( 1 ) | $ 61342 | $ 57152 payables to brokers , dealers and clearing organizations 22601 19915 total brokerage payables ( 1 ) $ 61342 $ 57152 ( 1 ) includes brokerage receivables and payables recorded by citi broker- dealer entities that are accounted for in accordance with the aicpa accounting guide for brokers and dealers in securities as codified in asc 940-320. .
Question: what were the total brokerage payables in 2017?
Steps: Ask for number 61342
Answer: 61342.0
Question: and what were they in 2016?
Steps: Ask for number 57152
Answer: 57152.0
Question: what was, then, the change over the year?
Steps: subtract(61342, 57152)
Answer: 4190.0
Question: what were the total brokerage payables in 2016?
Steps: Ask for number 57152
Answer: 57152.0
Question: and how much does that change represent in relation to these 2016 brokerage payables, in percentage?
| convfinqa2278 |
( 2 ) our union-represented mainline employees are covered by agreements that are not currently amendable .joint collective bargaining agreements ( jcbas ) have been reached with post-merger employee groups , except the maintenance , fleet service , stock clerks , maintenance control technicians and maintenance training instructors represented by the twu-iam association who are covered by separate cbas that become amendable in the third quarter of 2018 .until those agreements become amendable , negotiations for jcbas will be conducted outside the traditional rla bargaining process as described above , and , in the meantime , no self-help will be permissible .( 3 ) among our wholly-owned regional subsidiaries , the psa mechanics and flight attendants have agreements that are now amendable and are engaged in traditional rla negotiations .the envoy passenger service employees are engaged in traditional rla negotiations for an initial cba .the piedmont fleet and passenger service employees have reached a tentative five-year agreement which is subject to membership ratification .for more discussion , see part i , item 1a .risk factors 2013 201cunion disputes , employee strikes and other labor-related disruptions may adversely affect our operations . 201d aircraft fuel our operations and financial results are significantly affected by the availability and price of jet fuel , which is our second largest expense .based on our 2018 forecasted mainline and regional fuel consumption , we estimate that a one cent per gallon increase in aviation fuel price would increase our 2018 annual fuel expense by $ 45 million .the following table shows annual aircraft fuel consumption and costs , including taxes , for our mainline and regional operations for 2017 , 2016 and 2015 ( gallons and aircraft fuel expense in millions ) .year gallons average price per gallon aircraft fuel expense percent of total operating expenses . year | gallons | average priceper gallon | aircraft fuelexpense | percent of totaloperating expenses
2017 | 4352 | $ 1.73 | $ 7510 | 19.7% ( 19.7 % )
2016 | 4347 | 1.42 | 6180 | 17.7% ( 17.7 % )
2015 | 4323 | 1.72 | 7456 | 21.4% ( 21.4 % ) as of december 31 , 2017 , we did not have any fuel hedging contracts outstanding to hedge our fuel consumption .as such , and assuming we do not enter into any future transactions to hedge our fuel consumption , we will continue to be fully exposed to fluctuations in fuel prices .our current policy is not to enter into transactions to hedge our fuel consumption , although we review that policy from time to time based on market conditions and other factors .fuel prices have fluctuated substantially over the past several years .we cannot predict the future availability , price volatility or cost of aircraft fuel .natural disasters ( including hurricanes or similar events in the u.s .southeast and on the gulf coast where a significant portion of domestic refining capacity is located ) , political disruptions or wars involving oil-producing countries , changes in fuel-related governmental policy , the strength of the u.s .dollar against foreign currencies , changes in access to petroleum product pipelines and terminals , speculation in the energy futures markets , changes in aircraft fuel production capacity , environmental concerns and other unpredictable events may result in fuel supply shortages , distribution challenges , additional fuel price volatility and cost increases in the future .see part i , item 1a .risk factors 2013 201cour business is very dependent on the price and availability of aircraft fuel .continued periods of high volatility in fuel costs , increased fuel prices or significant disruptions in the supply of aircraft fuel could have a significant negative impact on our operating results and liquidity . 201d seasonality and other factors due to the greater demand for air travel during the summer months , revenues in the airline industry in the second and third quarters of the year tend to be greater than revenues in the first and fourth quarters of the year .general economic conditions , fears of terrorism or war , fare initiatives , fluctuations in fuel prices , labor actions , weather , natural disasters , outbreaks of disease and other factors could impact this seasonal pattern .therefore , our quarterly results of operations are not necessarily indicative of operating results for the entire year , and historical operating results in a quarterly or annual period are not necessarily indicative of future operating results. .
Question: what was the change in the average price per gallon of aircraft fuel from the year of 2016 to 2017?
| 0.31 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
( 2 ) our union-represented mainline employees are covered by agreements that are not currently amendable .joint collective bargaining agreements ( jcbas ) have been reached with post-merger employee groups , except the maintenance , fleet service , stock clerks , maintenance control technicians and maintenance training instructors represented by the twu-iam association who are covered by separate cbas that become amendable in the third quarter of 2018 .until those agreements become amendable , negotiations for jcbas will be conducted outside the traditional rla bargaining process as described above , and , in the meantime , no self-help will be permissible .( 3 ) among our wholly-owned regional subsidiaries , the psa mechanics and flight attendants have agreements that are now amendable and are engaged in traditional rla negotiations .the envoy passenger service employees are engaged in traditional rla negotiations for an initial cba .the piedmont fleet and passenger service employees have reached a tentative five-year agreement which is subject to membership ratification .for more discussion , see part i , item 1a .risk factors 2013 201cunion disputes , employee strikes and other labor-related disruptions may adversely affect our operations . 201d aircraft fuel our operations and financial results are significantly affected by the availability and price of jet fuel , which is our second largest expense .based on our 2018 forecasted mainline and regional fuel consumption , we estimate that a one cent per gallon increase in aviation fuel price would increase our 2018 annual fuel expense by $ 45 million .the following table shows annual aircraft fuel consumption and costs , including taxes , for our mainline and regional operations for 2017 , 2016 and 2015 ( gallons and aircraft fuel expense in millions ) .year gallons average price per gallon aircraft fuel expense percent of total operating expenses . year | gallons | average priceper gallon | aircraft fuelexpense | percent of totaloperating expenses
2017 | 4352 | $ 1.73 | $ 7510 | 19.7% ( 19.7 % )
2016 | 4347 | 1.42 | 6180 | 17.7% ( 17.7 % )
2015 | 4323 | 1.72 | 7456 | 21.4% ( 21.4 % ) as of december 31 , 2017 , we did not have any fuel hedging contracts outstanding to hedge our fuel consumption .as such , and assuming we do not enter into any future transactions to hedge our fuel consumption , we will continue to be fully exposed to fluctuations in fuel prices .our current policy is not to enter into transactions to hedge our fuel consumption , although we review that policy from time to time based on market conditions and other factors .fuel prices have fluctuated substantially over the past several years .we cannot predict the future availability , price volatility or cost of aircraft fuel .natural disasters ( including hurricanes or similar events in the u.s .southeast and on the gulf coast where a significant portion of domestic refining capacity is located ) , political disruptions or wars involving oil-producing countries , changes in fuel-related governmental policy , the strength of the u.s .dollar against foreign currencies , changes in access to petroleum product pipelines and terminals , speculation in the energy futures markets , changes in aircraft fuel production capacity , environmental concerns and other unpredictable events may result in fuel supply shortages , distribution challenges , additional fuel price volatility and cost increases in the future .see part i , item 1a .risk factors 2013 201cour business is very dependent on the price and availability of aircraft fuel .continued periods of high volatility in fuel costs , increased fuel prices or significant disruptions in the supply of aircraft fuel could have a significant negative impact on our operating results and liquidity . 201d seasonality and other factors due to the greater demand for air travel during the summer months , revenues in the airline industry in the second and third quarters of the year tend to be greater than revenues in the first and fourth quarters of the year .general economic conditions , fears of terrorism or war , fare initiatives , fluctuations in fuel prices , labor actions , weather , natural disasters , outbreaks of disease and other factors could impact this seasonal pattern .therefore , our quarterly results of operations are not necessarily indicative of operating results for the entire year , and historical operating results in a quarterly or annual period are not necessarily indicative of future operating results. .
Question: what was the change in the average price per gallon of aircraft fuel from the year of 2016 to 2017?
| convfinqa2279 |
( 2 ) our union-represented mainline employees are covered by agreements that are not currently amendable .joint collective bargaining agreements ( jcbas ) have been reached with post-merger employee groups , except the maintenance , fleet service , stock clerks , maintenance control technicians and maintenance training instructors represented by the twu-iam association who are covered by separate cbas that become amendable in the third quarter of 2018 .until those agreements become amendable , negotiations for jcbas will be conducted outside the traditional rla bargaining process as described above , and , in the meantime , no self-help will be permissible .( 3 ) among our wholly-owned regional subsidiaries , the psa mechanics and flight attendants have agreements that are now amendable and are engaged in traditional rla negotiations .the envoy passenger service employees are engaged in traditional rla negotiations for an initial cba .the piedmont fleet and passenger service employees have reached a tentative five-year agreement which is subject to membership ratification .for more discussion , see part i , item 1a .risk factors 2013 201cunion disputes , employee strikes and other labor-related disruptions may adversely affect our operations . 201d aircraft fuel our operations and financial results are significantly affected by the availability and price of jet fuel , which is our second largest expense .based on our 2018 forecasted mainline and regional fuel consumption , we estimate that a one cent per gallon increase in aviation fuel price would increase our 2018 annual fuel expense by $ 45 million .the following table shows annual aircraft fuel consumption and costs , including taxes , for our mainline and regional operations for 2017 , 2016 and 2015 ( gallons and aircraft fuel expense in millions ) .year gallons average price per gallon aircraft fuel expense percent of total operating expenses . year | gallons | average priceper gallon | aircraft fuelexpense | percent of totaloperating expenses
2017 | 4352 | $ 1.73 | $ 7510 | 19.7% ( 19.7 % )
2016 | 4347 | 1.42 | 6180 | 17.7% ( 17.7 % )
2015 | 4323 | 1.72 | 7456 | 21.4% ( 21.4 % ) as of december 31 , 2017 , we did not have any fuel hedging contracts outstanding to hedge our fuel consumption .as such , and assuming we do not enter into any future transactions to hedge our fuel consumption , we will continue to be fully exposed to fluctuations in fuel prices .our current policy is not to enter into transactions to hedge our fuel consumption , although we review that policy from time to time based on market conditions and other factors .fuel prices have fluctuated substantially over the past several years .we cannot predict the future availability , price volatility or cost of aircraft fuel .natural disasters ( including hurricanes or similar events in the u.s .southeast and on the gulf coast where a significant portion of domestic refining capacity is located ) , political disruptions or wars involving oil-producing countries , changes in fuel-related governmental policy , the strength of the u.s .dollar against foreign currencies , changes in access to petroleum product pipelines and terminals , speculation in the energy futures markets , changes in aircraft fuel production capacity , environmental concerns and other unpredictable events may result in fuel supply shortages , distribution challenges , additional fuel price volatility and cost increases in the future .see part i , item 1a .risk factors 2013 201cour business is very dependent on the price and availability of aircraft fuel .continued periods of high volatility in fuel costs , increased fuel prices or significant disruptions in the supply of aircraft fuel could have a significant negative impact on our operating results and liquidity . 201d seasonality and other factors due to the greater demand for air travel during the summer months , revenues in the airline industry in the second and third quarters of the year tend to be greater than revenues in the first and fourth quarters of the year .general economic conditions , fears of terrorism or war , fare initiatives , fluctuations in fuel prices , labor actions , weather , natural disasters , outbreaks of disease and other factors could impact this seasonal pattern .therefore , our quarterly results of operations are not necessarily indicative of operating results for the entire year , and historical operating results in a quarterly or annual period are not necessarily indicative of future operating results. .
Question: what was the change in the average price per gallon of aircraft fuel from the year of 2016 to 2017?
Steps: subtract(1.73, 1.42)
Answer: 0.31
Question: and what was the average price per gallon of aircraft fuel in 2016?
| 1.42 | 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.
( 2 ) our union-represented mainline employees are covered by agreements that are not currently amendable .joint collective bargaining agreements ( jcbas ) have been reached with post-merger employee groups , except the maintenance , fleet service , stock clerks , maintenance control technicians and maintenance training instructors represented by the twu-iam association who are covered by separate cbas that become amendable in the third quarter of 2018 .until those agreements become amendable , negotiations for jcbas will be conducted outside the traditional rla bargaining process as described above , and , in the meantime , no self-help will be permissible .( 3 ) among our wholly-owned regional subsidiaries , the psa mechanics and flight attendants have agreements that are now amendable and are engaged in traditional rla negotiations .the envoy passenger service employees are engaged in traditional rla negotiations for an initial cba .the piedmont fleet and passenger service employees have reached a tentative five-year agreement which is subject to membership ratification .for more discussion , see part i , item 1a .risk factors 2013 201cunion disputes , employee strikes and other labor-related disruptions may adversely affect our operations . 201d aircraft fuel our operations and financial results are significantly affected by the availability and price of jet fuel , which is our second largest expense .based on our 2018 forecasted mainline and regional fuel consumption , we estimate that a one cent per gallon increase in aviation fuel price would increase our 2018 annual fuel expense by $ 45 million .the following table shows annual aircraft fuel consumption and costs , including taxes , for our mainline and regional operations for 2017 , 2016 and 2015 ( gallons and aircraft fuel expense in millions ) .year gallons average price per gallon aircraft fuel expense percent of total operating expenses . year | gallons | average priceper gallon | aircraft fuelexpense | percent of totaloperating expenses
2017 | 4352 | $ 1.73 | $ 7510 | 19.7% ( 19.7 % )
2016 | 4347 | 1.42 | 6180 | 17.7% ( 17.7 % )
2015 | 4323 | 1.72 | 7456 | 21.4% ( 21.4 % ) as of december 31 , 2017 , we did not have any fuel hedging contracts outstanding to hedge our fuel consumption .as such , and assuming we do not enter into any future transactions to hedge our fuel consumption , we will continue to be fully exposed to fluctuations in fuel prices .our current policy is not to enter into transactions to hedge our fuel consumption , although we review that policy from time to time based on market conditions and other factors .fuel prices have fluctuated substantially over the past several years .we cannot predict the future availability , price volatility or cost of aircraft fuel .natural disasters ( including hurricanes or similar events in the u.s .southeast and on the gulf coast where a significant portion of domestic refining capacity is located ) , political disruptions or wars involving oil-producing countries , changes in fuel-related governmental policy , the strength of the u.s .dollar against foreign currencies , changes in access to petroleum product pipelines and terminals , speculation in the energy futures markets , changes in aircraft fuel production capacity , environmental concerns and other unpredictable events may result in fuel supply shortages , distribution challenges , additional fuel price volatility and cost increases in the future .see part i , item 1a .risk factors 2013 201cour business is very dependent on the price and availability of aircraft fuel .continued periods of high volatility in fuel costs , increased fuel prices or significant disruptions in the supply of aircraft fuel could have a significant negative impact on our operating results and liquidity . 201d seasonality and other factors due to the greater demand for air travel during the summer months , revenues in the airline industry in the second and third quarters of the year tend to be greater than revenues in the first and fourth quarters of the year .general economic conditions , fears of terrorism or war , fare initiatives , fluctuations in fuel prices , labor actions , weather , natural disasters , outbreaks of disease and other factors could impact this seasonal pattern .therefore , our quarterly results of operations are not necessarily indicative of operating results for the entire year , and historical operating results in a quarterly or annual period are not necessarily indicative of future operating results. .
Question: what was the change in the average price per gallon of aircraft fuel from the year of 2016 to 2017?
Steps: subtract(1.73, 1.42)
Answer: 0.31
Question: and what was the average price per gallon of aircraft fuel in 2016?
| convfinqa2280 |
( 2 ) our union-represented mainline employees are covered by agreements that are not currently amendable .joint collective bargaining agreements ( jcbas ) have been reached with post-merger employee groups , except the maintenance , fleet service , stock clerks , maintenance control technicians and maintenance training instructors represented by the twu-iam association who are covered by separate cbas that become amendable in the third quarter of 2018 .until those agreements become amendable , negotiations for jcbas will be conducted outside the traditional rla bargaining process as described above , and , in the meantime , no self-help will be permissible .( 3 ) among our wholly-owned regional subsidiaries , the psa mechanics and flight attendants have agreements that are now amendable and are engaged in traditional rla negotiations .the envoy passenger service employees are engaged in traditional rla negotiations for an initial cba .the piedmont fleet and passenger service employees have reached a tentative five-year agreement which is subject to membership ratification .for more discussion , see part i , item 1a .risk factors 2013 201cunion disputes , employee strikes and other labor-related disruptions may adversely affect our operations . 201d aircraft fuel our operations and financial results are significantly affected by the availability and price of jet fuel , which is our second largest expense .based on our 2018 forecasted mainline and regional fuel consumption , we estimate that a one cent per gallon increase in aviation fuel price would increase our 2018 annual fuel expense by $ 45 million .the following table shows annual aircraft fuel consumption and costs , including taxes , for our mainline and regional operations for 2017 , 2016 and 2015 ( gallons and aircraft fuel expense in millions ) .year gallons average price per gallon aircraft fuel expense percent of total operating expenses . year | gallons | average priceper gallon | aircraft fuelexpense | percent of totaloperating expenses
2017 | 4352 | $ 1.73 | $ 7510 | 19.7% ( 19.7 % )
2016 | 4347 | 1.42 | 6180 | 17.7% ( 17.7 % )
2015 | 4323 | 1.72 | 7456 | 21.4% ( 21.4 % ) as of december 31 , 2017 , we did not have any fuel hedging contracts outstanding to hedge our fuel consumption .as such , and assuming we do not enter into any future transactions to hedge our fuel consumption , we will continue to be fully exposed to fluctuations in fuel prices .our current policy is not to enter into transactions to hedge our fuel consumption , although we review that policy from time to time based on market conditions and other factors .fuel prices have fluctuated substantially over the past several years .we cannot predict the future availability , price volatility or cost of aircraft fuel .natural disasters ( including hurricanes or similar events in the u.s .southeast and on the gulf coast where a significant portion of domestic refining capacity is located ) , political disruptions or wars involving oil-producing countries , changes in fuel-related governmental policy , the strength of the u.s .dollar against foreign currencies , changes in access to petroleum product pipelines and terminals , speculation in the energy futures markets , changes in aircraft fuel production capacity , environmental concerns and other unpredictable events may result in fuel supply shortages , distribution challenges , additional fuel price volatility and cost increases in the future .see part i , item 1a .risk factors 2013 201cour business is very dependent on the price and availability of aircraft fuel .continued periods of high volatility in fuel costs , increased fuel prices or significant disruptions in the supply of aircraft fuel could have a significant negative impact on our operating results and liquidity . 201d seasonality and other factors due to the greater demand for air travel during the summer months , revenues in the airline industry in the second and third quarters of the year tend to be greater than revenues in the first and fourth quarters of the year .general economic conditions , fears of terrorism or war , fare initiatives , fluctuations in fuel prices , labor actions , weather , natural disasters , outbreaks of disease and other factors could impact this seasonal pattern .therefore , our quarterly results of operations are not necessarily indicative of operating results for the entire year , and historical operating results in a quarterly or annual period are not necessarily indicative of future operating results. .
Question: what was the change in the average price per gallon of aircraft fuel from the year of 2016 to 2017?
Steps: subtract(1.73, 1.42)
Answer: 0.31
Question: and what was the average price per gallon of aircraft fuel in 2016?
Steps: Ask for number 1.42
Answer: 1.42
Question: how much, then, does that change represent in relation to the 2016 average price?
| 0.21831 | 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.
( 2 ) our union-represented mainline employees are covered by agreements that are not currently amendable .joint collective bargaining agreements ( jcbas ) have been reached with post-merger employee groups , except the maintenance , fleet service , stock clerks , maintenance control technicians and maintenance training instructors represented by the twu-iam association who are covered by separate cbas that become amendable in the third quarter of 2018 .until those agreements become amendable , negotiations for jcbas will be conducted outside the traditional rla bargaining process as described above , and , in the meantime , no self-help will be permissible .( 3 ) among our wholly-owned regional subsidiaries , the psa mechanics and flight attendants have agreements that are now amendable and are engaged in traditional rla negotiations .the envoy passenger service employees are engaged in traditional rla negotiations for an initial cba .the piedmont fleet and passenger service employees have reached a tentative five-year agreement which is subject to membership ratification .for more discussion , see part i , item 1a .risk factors 2013 201cunion disputes , employee strikes and other labor-related disruptions may adversely affect our operations . 201d aircraft fuel our operations and financial results are significantly affected by the availability and price of jet fuel , which is our second largest expense .based on our 2018 forecasted mainline and regional fuel consumption , we estimate that a one cent per gallon increase in aviation fuel price would increase our 2018 annual fuel expense by $ 45 million .the following table shows annual aircraft fuel consumption and costs , including taxes , for our mainline and regional operations for 2017 , 2016 and 2015 ( gallons and aircraft fuel expense in millions ) .year gallons average price per gallon aircraft fuel expense percent of total operating expenses . year | gallons | average priceper gallon | aircraft fuelexpense | percent of totaloperating expenses
2017 | 4352 | $ 1.73 | $ 7510 | 19.7% ( 19.7 % )
2016 | 4347 | 1.42 | 6180 | 17.7% ( 17.7 % )
2015 | 4323 | 1.72 | 7456 | 21.4% ( 21.4 % ) as of december 31 , 2017 , we did not have any fuel hedging contracts outstanding to hedge our fuel consumption .as such , and assuming we do not enter into any future transactions to hedge our fuel consumption , we will continue to be fully exposed to fluctuations in fuel prices .our current policy is not to enter into transactions to hedge our fuel consumption , although we review that policy from time to time based on market conditions and other factors .fuel prices have fluctuated substantially over the past several years .we cannot predict the future availability , price volatility or cost of aircraft fuel .natural disasters ( including hurricanes or similar events in the u.s .southeast and on the gulf coast where a significant portion of domestic refining capacity is located ) , political disruptions or wars involving oil-producing countries , changes in fuel-related governmental policy , the strength of the u.s .dollar against foreign currencies , changes in access to petroleum product pipelines and terminals , speculation in the energy futures markets , changes in aircraft fuel production capacity , environmental concerns and other unpredictable events may result in fuel supply shortages , distribution challenges , additional fuel price volatility and cost increases in the future .see part i , item 1a .risk factors 2013 201cour business is very dependent on the price and availability of aircraft fuel .continued periods of high volatility in fuel costs , increased fuel prices or significant disruptions in the supply of aircraft fuel could have a significant negative impact on our operating results and liquidity . 201d seasonality and other factors due to the greater demand for air travel during the summer months , revenues in the airline industry in the second and third quarters of the year tend to be greater than revenues in the first and fourth quarters of the year .general economic conditions , fears of terrorism or war , fare initiatives , fluctuations in fuel prices , labor actions , weather , natural disasters , outbreaks of disease and other factors could impact this seasonal pattern .therefore , our quarterly results of operations are not necessarily indicative of operating results for the entire year , and historical operating results in a quarterly or annual period are not necessarily indicative of future operating results. .
Question: what was the change in the average price per gallon of aircraft fuel from the year of 2016 to 2017?
Steps: subtract(1.73, 1.42)
Answer: 0.31
Question: and what was the average price per gallon of aircraft fuel in 2016?
Steps: Ask for number 1.42
Answer: 1.42
Question: how much, then, does that change represent in relation to the 2016 average price?
| convfinqa2281 |
republic services , inc .notes to consolidated financial statements 2014 ( continued ) in december 2008 , the board of directors amended and restated the republic services , inc .2006 incentive stock plan ( formerly known as the allied waste industries , inc .2006 incentive stock plan ( the 2006 plan ) ) .allied 2019s shareholders approved the 2006 plan in may 2006 .the 2006 plan was amended and restated in december 2008 to reflect republic as the new sponsor of the plan , and that any references to shares of common stock are to shares of common stock of republic , and to adjust outstanding awards and the number of shares available under the plan to reflect the allied acquisition .the 2006 plan , as amended and restated , provided for the grant of non- qualified stock options , incentive stock options , shares of restricted stock , shares of phantom stock , stock bonuses , restricted stock units , stock appreciation rights , performance awards , dividend equivalents , cash awards , or other stock-based awards .awards granted under the 2006 plan prior to december 5 , 2008 became fully vested and nonforfeitable upon the closing of the allied acquisition .no further awards will be made under the 2006 stock options we use a lattice 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 ( at 3.0% ( 3.0 % ) for each of the periods presented ) 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 , 2014 , 2013 and 2012 were $ 5.74 , $ 5.27 and $ 4.77 per option , respectively , which were calculated using the following weighted-average assumptions: . | 2014 | 2013 | 2012
expected volatility | 27.5% ( 27.5 % ) | 28.9% ( 28.9 % ) | 27.8% ( 27.8 % )
risk-free interest rate | 1.4% ( 1.4 % ) | 0.7% ( 0.7 % ) | 0.8% ( 0.8 % )
dividend yield | 3.2% ( 3.2 % ) | 3.2% ( 3.2 % ) | 3.2% ( 3.2 % )
expected life ( in years ) | 4.6 | 4.5 | 4.5
contractual life ( in years ) | 7.0 | 7.0 | 7.0 .
Question: what was the difference in weighted-average estimated fair values of stock options granted between 2013 and 2014?
| 0.47 | 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.
republic services , inc .notes to consolidated financial statements 2014 ( continued ) in december 2008 , the board of directors amended and restated the republic services , inc .2006 incentive stock plan ( formerly known as the allied waste industries , inc .2006 incentive stock plan ( the 2006 plan ) ) .allied 2019s shareholders approved the 2006 plan in may 2006 .the 2006 plan was amended and restated in december 2008 to reflect republic as the new sponsor of the plan , and that any references to shares of common stock are to shares of common stock of republic , and to adjust outstanding awards and the number of shares available under the plan to reflect the allied acquisition .the 2006 plan , as amended and restated , provided for the grant of non- qualified stock options , incentive stock options , shares of restricted stock , shares of phantom stock , stock bonuses , restricted stock units , stock appreciation rights , performance awards , dividend equivalents , cash awards , or other stock-based awards .awards granted under the 2006 plan prior to december 5 , 2008 became fully vested and nonforfeitable upon the closing of the allied acquisition .no further awards will be made under the 2006 stock options we use a lattice 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 ( at 3.0% ( 3.0 % ) for each of the periods presented ) 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 , 2014 , 2013 and 2012 were $ 5.74 , $ 5.27 and $ 4.77 per option , respectively , which were calculated using the following weighted-average assumptions: . | 2014 | 2013 | 2012
expected volatility | 27.5% ( 27.5 % ) | 28.9% ( 28.9 % ) | 27.8% ( 27.8 % )
risk-free interest rate | 1.4% ( 1.4 % ) | 0.7% ( 0.7 % ) | 0.8% ( 0.8 % )
dividend yield | 3.2% ( 3.2 % ) | 3.2% ( 3.2 % ) | 3.2% ( 3.2 % )
expected life ( in years ) | 4.6 | 4.5 | 4.5
contractual life ( in years ) | 7.0 | 7.0 | 7.0 .
Question: what was the difference in weighted-average estimated fair values of stock options granted between 2013 and 2014?
| convfinqa2282 |
republic services , inc .notes to consolidated financial statements 2014 ( continued ) in december 2008 , the board of directors amended and restated the republic services , inc .2006 incentive stock plan ( formerly known as the allied waste industries , inc .2006 incentive stock plan ( the 2006 plan ) ) .allied 2019s shareholders approved the 2006 plan in may 2006 .the 2006 plan was amended and restated in december 2008 to reflect republic as the new sponsor of the plan , and that any references to shares of common stock are to shares of common stock of republic , and to adjust outstanding awards and the number of shares available under the plan to reflect the allied acquisition .the 2006 plan , as amended and restated , provided for the grant of non- qualified stock options , incentive stock options , shares of restricted stock , shares of phantom stock , stock bonuses , restricted stock units , stock appreciation rights , performance awards , dividend equivalents , cash awards , or other stock-based awards .awards granted under the 2006 plan prior to december 5 , 2008 became fully vested and nonforfeitable upon the closing of the allied acquisition .no further awards will be made under the 2006 stock options we use a lattice 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 ( at 3.0% ( 3.0 % ) for each of the periods presented ) 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 , 2014 , 2013 and 2012 were $ 5.74 , $ 5.27 and $ 4.77 per option , respectively , which were calculated using the following weighted-average assumptions: . | 2014 | 2013 | 2012
expected volatility | 27.5% ( 27.5 % ) | 28.9% ( 28.9 % ) | 27.8% ( 27.8 % )
risk-free interest rate | 1.4% ( 1.4 % ) | 0.7% ( 0.7 % ) | 0.8% ( 0.8 % )
dividend yield | 3.2% ( 3.2 % ) | 3.2% ( 3.2 % ) | 3.2% ( 3.2 % )
expected life ( in years ) | 4.6 | 4.5 | 4.5
contractual life ( in years ) | 7.0 | 7.0 | 7.0 .
Question: what was the difference in weighted-average estimated fair values of stock options granted between 2013 and 2014?
Steps: subtract(5.74, 5.27)
Answer: 0.47
Question: and the value specifically for 2013?
| 5.27 | 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.
republic services , inc .notes to consolidated financial statements 2014 ( continued ) in december 2008 , the board of directors amended and restated the republic services , inc .2006 incentive stock plan ( formerly known as the allied waste industries , inc .2006 incentive stock plan ( the 2006 plan ) ) .allied 2019s shareholders approved the 2006 plan in may 2006 .the 2006 plan was amended and restated in december 2008 to reflect republic as the new sponsor of the plan , and that any references to shares of common stock are to shares of common stock of republic , and to adjust outstanding awards and the number of shares available under the plan to reflect the allied acquisition .the 2006 plan , as amended and restated , provided for the grant of non- qualified stock options , incentive stock options , shares of restricted stock , shares of phantom stock , stock bonuses , restricted stock units , stock appreciation rights , performance awards , dividend equivalents , cash awards , or other stock-based awards .awards granted under the 2006 plan prior to december 5 , 2008 became fully vested and nonforfeitable upon the closing of the allied acquisition .no further awards will be made under the 2006 stock options we use a lattice 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 ( at 3.0% ( 3.0 % ) for each of the periods presented ) 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 , 2014 , 2013 and 2012 were $ 5.74 , $ 5.27 and $ 4.77 per option , respectively , which were calculated using the following weighted-average assumptions: . | 2014 | 2013 | 2012
expected volatility | 27.5% ( 27.5 % ) | 28.9% ( 28.9 % ) | 27.8% ( 27.8 % )
risk-free interest rate | 1.4% ( 1.4 % ) | 0.7% ( 0.7 % ) | 0.8% ( 0.8 % )
dividend yield | 3.2% ( 3.2 % ) | 3.2% ( 3.2 % ) | 3.2% ( 3.2 % )
expected life ( in years ) | 4.6 | 4.5 | 4.5
contractual life ( in years ) | 7.0 | 7.0 | 7.0 .
Question: what was the difference in weighted-average estimated fair values of stock options granted between 2013 and 2014?
Steps: subtract(5.74, 5.27)
Answer: 0.47
Question: and the value specifically for 2013?
| convfinqa2283 |
republic services , inc .notes to consolidated financial statements 2014 ( continued ) in december 2008 , the board of directors amended and restated the republic services , inc .2006 incentive stock plan ( formerly known as the allied waste industries , inc .2006 incentive stock plan ( the 2006 plan ) ) .allied 2019s shareholders approved the 2006 plan in may 2006 .the 2006 plan was amended and restated in december 2008 to reflect republic as the new sponsor of the plan , and that any references to shares of common stock are to shares of common stock of republic , and to adjust outstanding awards and the number of shares available under the plan to reflect the allied acquisition .the 2006 plan , as amended and restated , provided for the grant of non- qualified stock options , incentive stock options , shares of restricted stock , shares of phantom stock , stock bonuses , restricted stock units , stock appreciation rights , performance awards , dividend equivalents , cash awards , or other stock-based awards .awards granted under the 2006 plan prior to december 5 , 2008 became fully vested and nonforfeitable upon the closing of the allied acquisition .no further awards will be made under the 2006 stock options we use a lattice 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 ( at 3.0% ( 3.0 % ) for each of the periods presented ) 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 , 2014 , 2013 and 2012 were $ 5.74 , $ 5.27 and $ 4.77 per option , respectively , which were calculated using the following weighted-average assumptions: . | 2014 | 2013 | 2012
expected volatility | 27.5% ( 27.5 % ) | 28.9% ( 28.9 % ) | 27.8% ( 27.8 % )
risk-free interest rate | 1.4% ( 1.4 % ) | 0.7% ( 0.7 % ) | 0.8% ( 0.8 % )
dividend yield | 3.2% ( 3.2 % ) | 3.2% ( 3.2 % ) | 3.2% ( 3.2 % )
expected life ( in years ) | 4.6 | 4.5 | 4.5
contractual life ( in years ) | 7.0 | 7.0 | 7.0 .
Question: what was the difference in weighted-average estimated fair values of stock options granted between 2013 and 2014?
Steps: subtract(5.74, 5.27)
Answer: 0.47
Question: and the value specifically for 2013?
Steps: Ask for number 5.27
Answer: 5.27
Question: and the percentage change during this time?
| 0.08918 | 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.
republic services , inc .notes to consolidated financial statements 2014 ( continued ) in december 2008 , the board of directors amended and restated the republic services , inc .2006 incentive stock plan ( formerly known as the allied waste industries , inc .2006 incentive stock plan ( the 2006 plan ) ) .allied 2019s shareholders approved the 2006 plan in may 2006 .the 2006 plan was amended and restated in december 2008 to reflect republic as the new sponsor of the plan , and that any references to shares of common stock are to shares of common stock of republic , and to adjust outstanding awards and the number of shares available under the plan to reflect the allied acquisition .the 2006 plan , as amended and restated , provided for the grant of non- qualified stock options , incentive stock options , shares of restricted stock , shares of phantom stock , stock bonuses , restricted stock units , stock appreciation rights , performance awards , dividend equivalents , cash awards , or other stock-based awards .awards granted under the 2006 plan prior to december 5 , 2008 became fully vested and nonforfeitable upon the closing of the allied acquisition .no further awards will be made under the 2006 stock options we use a lattice 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 ( at 3.0% ( 3.0 % ) for each of the periods presented ) 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 , 2014 , 2013 and 2012 were $ 5.74 , $ 5.27 and $ 4.77 per option , respectively , which were calculated using the following weighted-average assumptions: . | 2014 | 2013 | 2012
expected volatility | 27.5% ( 27.5 % ) | 28.9% ( 28.9 % ) | 27.8% ( 27.8 % )
risk-free interest rate | 1.4% ( 1.4 % ) | 0.7% ( 0.7 % ) | 0.8% ( 0.8 % )
dividend yield | 3.2% ( 3.2 % ) | 3.2% ( 3.2 % ) | 3.2% ( 3.2 % )
expected life ( in years ) | 4.6 | 4.5 | 4.5
contractual life ( in years ) | 7.0 | 7.0 | 7.0 .
Question: what was the difference in weighted-average estimated fair values of stock options granted between 2013 and 2014?
Steps: subtract(5.74, 5.27)
Answer: 0.47
Question: and the value specifically for 2013?
Steps: Ask for number 5.27
Answer: 5.27
Question: and the percentage change during this time?
| convfinqa2284 |
table of contents stock performance graph the following stock performance graph and related information shall not be deemed 201csoliciting material 201d or 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filings under the securities act of 1933 or the exchange act , each as amended , except to the extent that we specifically incorporate it by reference into such filing .the following stock performance graph compares our cumulative total shareholder return on an annual basis on our common stock with the cumulative total return on the standard and poor 2019s 500 stock index and the amex airline index from december 9 , 2013 ( the first trading day of aag common stock ) through december 31 , 2014 .the comparison assumes $ 100 was invested on december 9 , 2013 in aag common stock and in each of the foregoing indices and assumes reinvestment of dividends .the stock performance shown on the graph below represents historical stock performance and is not necessarily indicative of future stock price performance. . | 12/9/2013 | 12/31/2013 | 12/31/2014
american airlines group inc . | $ 100 | $ 103 | $ 219
amex airline index | 100 | 102 | 152
s&p 500 | 100 | 102 | 114 .
Question: what was the performance price of the american airlines group inc. in 2014?
| 219.0 | 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 stock performance graph the following stock performance graph and related information shall not be deemed 201csoliciting material 201d or 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filings under the securities act of 1933 or the exchange act , each as amended , except to the extent that we specifically incorporate it by reference into such filing .the following stock performance graph compares our cumulative total shareholder return on an annual basis on our common stock with the cumulative total return on the standard and poor 2019s 500 stock index and the amex airline index from december 9 , 2013 ( the first trading day of aag common stock ) through december 31 , 2014 .the comparison assumes $ 100 was invested on december 9 , 2013 in aag common stock and in each of the foregoing indices and assumes reinvestment of dividends .the stock performance shown on the graph below represents historical stock performance and is not necessarily indicative of future stock price performance. . | 12/9/2013 | 12/31/2013 | 12/31/2014
american airlines group inc . | $ 100 | $ 103 | $ 219
amex airline index | 100 | 102 | 152
s&p 500 | 100 | 102 | 114 .
Question: what was the performance price of the american airlines group inc. in 2014?
| convfinqa2285 |
table of contents stock performance graph the following stock performance graph and related information shall not be deemed 201csoliciting material 201d or 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filings under the securities act of 1933 or the exchange act , each as amended , except to the extent that we specifically incorporate it by reference into such filing .the following stock performance graph compares our cumulative total shareholder return on an annual basis on our common stock with the cumulative total return on the standard and poor 2019s 500 stock index and the amex airline index from december 9 , 2013 ( the first trading day of aag common stock ) through december 31 , 2014 .the comparison assumes $ 100 was invested on december 9 , 2013 in aag common stock and in each of the foregoing indices and assumes reinvestment of dividends .the stock performance shown on the graph below represents historical stock performance and is not necessarily indicative of future stock price performance. . | 12/9/2013 | 12/31/2013 | 12/31/2014
american airlines group inc . | $ 100 | $ 103 | $ 219
amex airline index | 100 | 102 | 152
s&p 500 | 100 | 102 | 114 .
Question: what was the performance price of the american airlines group inc. in 2014?
Steps: Ask for number 219
Answer: 219.0
Question: and what was it in september 2013?
| 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 stock performance graph the following stock performance graph and related information shall not be deemed 201csoliciting material 201d or 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filings under the securities act of 1933 or the exchange act , each as amended , except to the extent that we specifically incorporate it by reference into such filing .the following stock performance graph compares our cumulative total shareholder return on an annual basis on our common stock with the cumulative total return on the standard and poor 2019s 500 stock index and the amex airline index from december 9 , 2013 ( the first trading day of aag common stock ) through december 31 , 2014 .the comparison assumes $ 100 was invested on december 9 , 2013 in aag common stock and in each of the foregoing indices and assumes reinvestment of dividends .the stock performance shown on the graph below represents historical stock performance and is not necessarily indicative of future stock price performance. . | 12/9/2013 | 12/31/2013 | 12/31/2014
american airlines group inc . | $ 100 | $ 103 | $ 219
amex airline index | 100 | 102 | 152
s&p 500 | 100 | 102 | 114 .
Question: what was the performance price of the american airlines group inc. in 2014?
Steps: Ask for number 219
Answer: 219.0
Question: and what was it in september 2013?
| convfinqa2286 |
table of contents stock performance graph the following stock performance graph and related information shall not be deemed 201csoliciting material 201d or 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filings under the securities act of 1933 or the exchange act , each as amended , except to the extent that we specifically incorporate it by reference into such filing .the following stock performance graph compares our cumulative total shareholder return on an annual basis on our common stock with the cumulative total return on the standard and poor 2019s 500 stock index and the amex airline index from december 9 , 2013 ( the first trading day of aag common stock ) through december 31 , 2014 .the comparison assumes $ 100 was invested on december 9 , 2013 in aag common stock and in each of the foregoing indices and assumes reinvestment of dividends .the stock performance shown on the graph below represents historical stock performance and is not necessarily indicative of future stock price performance. . | 12/9/2013 | 12/31/2013 | 12/31/2014
american airlines group inc . | $ 100 | $ 103 | $ 219
amex airline index | 100 | 102 | 152
s&p 500 | 100 | 102 | 114 .
Question: what was the performance price of the american airlines group inc. in 2014?
Steps: Ask for number 219
Answer: 219.0
Question: and what was it in september 2013?
Steps: Ask for number 100
Answer: 100.0
Question: what was, then, the variation over the period?
| 119.0 | 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 stock performance graph the following stock performance graph and related information shall not be deemed 201csoliciting material 201d or 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filings under the securities act of 1933 or the exchange act , each as amended , except to the extent that we specifically incorporate it by reference into such filing .the following stock performance graph compares our cumulative total shareholder return on an annual basis on our common stock with the cumulative total return on the standard and poor 2019s 500 stock index and the amex airline index from december 9 , 2013 ( the first trading day of aag common stock ) through december 31 , 2014 .the comparison assumes $ 100 was invested on december 9 , 2013 in aag common stock and in each of the foregoing indices and assumes reinvestment of dividends .the stock performance shown on the graph below represents historical stock performance and is not necessarily indicative of future stock price performance. . | 12/9/2013 | 12/31/2013 | 12/31/2014
american airlines group inc . | $ 100 | $ 103 | $ 219
amex airline index | 100 | 102 | 152
s&p 500 | 100 | 102 | 114 .
Question: what was the performance price of the american airlines group inc. in 2014?
Steps: Ask for number 219
Answer: 219.0
Question: and what was it in september 2013?
Steps: Ask for number 100
Answer: 100.0
Question: what was, then, the variation over the period?
| convfinqa2287 |
table of contents stock performance graph the following stock performance graph and related information shall not be deemed 201csoliciting material 201d or 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filings under the securities act of 1933 or the exchange act , each as amended , except to the extent that we specifically incorporate it by reference into such filing .the following stock performance graph compares our cumulative total shareholder return on an annual basis on our common stock with the cumulative total return on the standard and poor 2019s 500 stock index and the amex airline index from december 9 , 2013 ( the first trading day of aag common stock ) through december 31 , 2014 .the comparison assumes $ 100 was invested on december 9 , 2013 in aag common stock and in each of the foregoing indices and assumes reinvestment of dividends .the stock performance shown on the graph below represents historical stock performance and is not necessarily indicative of future stock price performance. . | 12/9/2013 | 12/31/2013 | 12/31/2014
american airlines group inc . | $ 100 | $ 103 | $ 219
amex airline index | 100 | 102 | 152
s&p 500 | 100 | 102 | 114 .
Question: what was the performance price of the american airlines group inc. in 2014?
Steps: Ask for number 219
Answer: 219.0
Question: and what was it in september 2013?
Steps: Ask for number 100
Answer: 100.0
Question: what was, then, the variation over the period?
Steps: subtract(219, 100)
Answer: 119.0
Question: and what is this variation as a portion of that 2013 price?
| 1.19 | 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 stock performance graph the following stock performance graph and related information shall not be deemed 201csoliciting material 201d or 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filings under the securities act of 1933 or the exchange act , each as amended , except to the extent that we specifically incorporate it by reference into such filing .the following stock performance graph compares our cumulative total shareholder return on an annual basis on our common stock with the cumulative total return on the standard and poor 2019s 500 stock index and the amex airline index from december 9 , 2013 ( the first trading day of aag common stock ) through december 31 , 2014 .the comparison assumes $ 100 was invested on december 9 , 2013 in aag common stock and in each of the foregoing indices and assumes reinvestment of dividends .the stock performance shown on the graph below represents historical stock performance and is not necessarily indicative of future stock price performance. . | 12/9/2013 | 12/31/2013 | 12/31/2014
american airlines group inc . | $ 100 | $ 103 | $ 219
amex airline index | 100 | 102 | 152
s&p 500 | 100 | 102 | 114 .
Question: what was the performance price of the american airlines group inc. in 2014?
Steps: Ask for number 219
Answer: 219.0
Question: and what was it in september 2013?
Steps: Ask for number 100
Answer: 100.0
Question: what was, then, the variation over the period?
Steps: subtract(219, 100)
Answer: 119.0
Question: and what is this variation as a portion of that 2013 price?
| convfinqa2288 |
table of contents stock performance graph the following stock performance graph and related information shall not be deemed 201csoliciting material 201d or 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filings under the securities act of 1933 or the exchange act , each as amended , except to the extent that we specifically incorporate it by reference into such filing .the following stock performance graph compares our cumulative total shareholder return on an annual basis on our common stock with the cumulative total return on the standard and poor 2019s 500 stock index and the amex airline index from december 9 , 2013 ( the first trading day of aag common stock ) through december 31 , 2014 .the comparison assumes $ 100 was invested on december 9 , 2013 in aag common stock and in each of the foregoing indices and assumes reinvestment of dividends .the stock performance shown on the graph below represents historical stock performance and is not necessarily indicative of future stock price performance. . | 12/9/2013 | 12/31/2013 | 12/31/2014
american airlines group inc . | $ 100 | $ 103 | $ 219
amex airline index | 100 | 102 | 152
s&p 500 | 100 | 102 | 114 .
Question: what was the performance price of the american airlines group inc. in 2014?
Steps: Ask for number 219
Answer: 219.0
Question: and what was it in september 2013?
Steps: Ask for number 100
Answer: 100.0
Question: what was, then, the variation over the period?
Steps: subtract(219, 100)
Answer: 119.0
Question: and what is this variation as a portion of that 2013 price?
Steps: Ask for number 100
Answer: 1.19
Question: and throughout only the year of 2014, what was that variation for the amex airline index?
| 50.0 | 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 stock performance graph the following stock performance graph and related information shall not be deemed 201csoliciting material 201d or 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filings under the securities act of 1933 or the exchange act , each as amended , except to the extent that we specifically incorporate it by reference into such filing .the following stock performance graph compares our cumulative total shareholder return on an annual basis on our common stock with the cumulative total return on the standard and poor 2019s 500 stock index and the amex airline index from december 9 , 2013 ( the first trading day of aag common stock ) through december 31 , 2014 .the comparison assumes $ 100 was invested on december 9 , 2013 in aag common stock and in each of the foregoing indices and assumes reinvestment of dividends .the stock performance shown on the graph below represents historical stock performance and is not necessarily indicative of future stock price performance. . | 12/9/2013 | 12/31/2013 | 12/31/2014
american airlines group inc . | $ 100 | $ 103 | $ 219
amex airline index | 100 | 102 | 152
s&p 500 | 100 | 102 | 114 .
Question: what was the performance price of the american airlines group inc. in 2014?
Steps: Ask for number 219
Answer: 219.0
Question: and what was it in september 2013?
Steps: Ask for number 100
Answer: 100.0
Question: what was, then, the variation over the period?
Steps: subtract(219, 100)
Answer: 119.0
Question: and what is this variation as a portion of that 2013 price?
Steps: Ask for number 100
Answer: 1.19
Question: and throughout only the year of 2014, what was that variation for the amex airline index?
| convfinqa2289 |
table of contents stock performance graph the following stock performance graph and related information shall not be deemed 201csoliciting material 201d or 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filings under the securities act of 1933 or the exchange act , each as amended , except to the extent that we specifically incorporate it by reference into such filing .the following stock performance graph compares our cumulative total shareholder return on an annual basis on our common stock with the cumulative total return on the standard and poor 2019s 500 stock index and the amex airline index from december 9 , 2013 ( the first trading day of aag common stock ) through december 31 , 2014 .the comparison assumes $ 100 was invested on december 9 , 2013 in aag common stock and in each of the foregoing indices and assumes reinvestment of dividends .the stock performance shown on the graph below represents historical stock performance and is not necessarily indicative of future stock price performance. . | 12/9/2013 | 12/31/2013 | 12/31/2014
american airlines group inc . | $ 100 | $ 103 | $ 219
amex airline index | 100 | 102 | 152
s&p 500 | 100 | 102 | 114 .
Question: what was the performance price of the american airlines group inc. in 2014?
Steps: Ask for number 219
Answer: 219.0
Question: and what was it in september 2013?
Steps: Ask for number 100
Answer: 100.0
Question: what was, then, the variation over the period?
Steps: subtract(219, 100)
Answer: 119.0
Question: and what is this variation as a portion of that 2013 price?
Steps: Ask for number 100
Answer: 1.19
Question: and throughout only the year of 2014, what was that variation for the amex airline index?
Steps: divide(#0, 100)
Answer: 50.0
Question: how much does it represent in relation to the price of that stock in the beginning of the year?
| 0.4902 | 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 stock performance graph the following stock performance graph and related information shall not be deemed 201csoliciting material 201d or 201cfiled 201d with the securities and exchange commission , nor shall such information be incorporated by reference into any future filings under the securities act of 1933 or the exchange act , each as amended , except to the extent that we specifically incorporate it by reference into such filing .the following stock performance graph compares our cumulative total shareholder return on an annual basis on our common stock with the cumulative total return on the standard and poor 2019s 500 stock index and the amex airline index from december 9 , 2013 ( the first trading day of aag common stock ) through december 31 , 2014 .the comparison assumes $ 100 was invested on december 9 , 2013 in aag common stock and in each of the foregoing indices and assumes reinvestment of dividends .the stock performance shown on the graph below represents historical stock performance and is not necessarily indicative of future stock price performance. . | 12/9/2013 | 12/31/2013 | 12/31/2014
american airlines group inc . | $ 100 | $ 103 | $ 219
amex airline index | 100 | 102 | 152
s&p 500 | 100 | 102 | 114 .
Question: what was the performance price of the american airlines group inc. in 2014?
Steps: Ask for number 219
Answer: 219.0
Question: and what was it in september 2013?
Steps: Ask for number 100
Answer: 100.0
Question: what was, then, the variation over the period?
Steps: subtract(219, 100)
Answer: 119.0
Question: and what is this variation as a portion of that 2013 price?
Steps: Ask for number 100
Answer: 1.19
Question: and throughout only the year of 2014, what was that variation for the amex airline index?
Steps: divide(#0, 100)
Answer: 50.0
Question: how much does it represent in relation to the price of that stock in the beginning of the year?
| convfinqa2290 |
to determine stock-based compensation expense , the grant date fair value is applied to the options granted with a reduction for estimated forfeitures .we recognize compensation expense for stock options on a straight-line basis over the specified vesting period .at december 31 , 2013 and 2012 , options for 10204000 and 12759000 shares of common stock were exercisable at a weighted-average price of $ 89.46 and $ 90.86 , respectively .the total intrinsic value of options exercised during 2014 , 2013 and 2012 was $ 90 million , $ 86 million and $ 37 million , respectively .cash received from option exercises under all incentive plans for 2014 , 2013 and 2012 was approximately $ 215 million , $ 208 million and $ 118 million , respectively .the tax benefit realized from option exercises under all incentive plans for 2014 , 2013 and 2012 was approximately $ 33 million , $ 31 million and $ 14 million , respectively .shares of common stock available during the next year for the granting of options and other awards under the incentive plans were 17997353 at december 31 , 2014 .total shares of pnc common stock authorized for future issuance under equity compensation plans totaled 19017057 shares at december 31 , 2014 , which includes shares available for issuance under the incentive plans and the employee stock purchase plan ( espp ) as described below .during 2014 , we issued approximately 2.4 million shares from treasury stock in connection with stock option exercise activity .as with past exercise activity , we currently intend to utilize primarily treasury stock for any future stock option exercises .awards granted to non-employee directors in 2014 , 2013 and 2012 include 21490 , 27076 and 25620 deferred stock units , respectively , awarded under the outside directors deferred stock unit plan .a deferred stock unit is a phantom share of our common stock , which is accounted for as a liability until such awards are paid to the participants in cash .as there are no vesting or service requirements on these awards , total compensation expense is recognized in full for these awards on the date of grant .incentive/performance unit share awards and restricted stock/share unit awards the fair value of nonvested incentive/performance unit share awards and restricted stock/share unit awards is initially determined based on prices not less than the market value of our common stock on the date of grant .the value of certain incentive/performance unit share awards is subsequently remeasured based on the achievement of one or more financial and other performance goals .the personnel and compensation committee ( 201cp&cc 201d ) of the board of directors approves the final award payout with respect to certain incentive/performance unit share awards .these awards have either a three-year or a four-year performance period and are payable in either stock or a combination of stock and cash .restricted stock/share unit awards have various vesting periods generally ranging from 3 years to 5 years .beginning in 2013 , we incorporated several enhanced risk- related performance changes to certain long-term incentive compensation programs .in addition to achieving certain financial performance metrics on both an absolute basis and relative to our peers , final payout amounts will be subject to reduction if pnc fails to meet certain risk-related performance metrics as specified in the award agreements .however , the p&cc has the discretion to waive any or all of this reduction under certain circumstances .the weighted-average grant date fair value of incentive/ performance unit share awards and restricted stock/unit awards granted in 2014 , 2013 and 2012 was $ 80.79 , $ 64.77 and $ 60.68 per share , respectively .the total fair value of incentive/performance unit share and restricted stock/unit awards vested during 2014 , 2013 and 2012 was approximately $ 119 million , $ 63 million and $ 55 million , respectively .we recognize compensation expense for such awards ratably over the corresponding vesting and/or performance periods for each type of program .table 121 : nonvested incentive/performance unit share awards and restricted stock/share unit awards 2013 rollforward shares in thousands nonvested incentive/ performance unit shares weighted- average grant date fair value nonvested restricted stock/ weighted- average grant date fair value . shares in thousands december 31 2013 | nonvested incentive/ performance unit shares 1647 | weighted-averagegrant datefair value $ 63.49 | nonvested restricted stock/ share units 3483 | weighted-averagegrant datefair value $ 62.70
granted | 723 | 79.90 | 1276 | 81.29
vested/released | -513 ( 513 ) | 63.64 | -962 ( 962 ) | 62.32
forfeited | -20 ( 20 ) | 69.18 | -145 ( 145 ) | 69.44
december 31 2014 | 1837 | $ 69.84 | 3652 | $ 69.03 the pnc financial services group , inc .2013 form 10-k 185 .
Question: combined, what was the value of tax benefits realized from option exercises under all incentive plans for 2014 and 2013?
| 64.0 | 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.
to determine stock-based compensation expense , the grant date fair value is applied to the options granted with a reduction for estimated forfeitures .we recognize compensation expense for stock options on a straight-line basis over the specified vesting period .at december 31 , 2013 and 2012 , options for 10204000 and 12759000 shares of common stock were exercisable at a weighted-average price of $ 89.46 and $ 90.86 , respectively .the total intrinsic value of options exercised during 2014 , 2013 and 2012 was $ 90 million , $ 86 million and $ 37 million , respectively .cash received from option exercises under all incentive plans for 2014 , 2013 and 2012 was approximately $ 215 million , $ 208 million and $ 118 million , respectively .the tax benefit realized from option exercises under all incentive plans for 2014 , 2013 and 2012 was approximately $ 33 million , $ 31 million and $ 14 million , respectively .shares of common stock available during the next year for the granting of options and other awards under the incentive plans were 17997353 at december 31 , 2014 .total shares of pnc common stock authorized for future issuance under equity compensation plans totaled 19017057 shares at december 31 , 2014 , which includes shares available for issuance under the incentive plans and the employee stock purchase plan ( espp ) as described below .during 2014 , we issued approximately 2.4 million shares from treasury stock in connection with stock option exercise activity .as with past exercise activity , we currently intend to utilize primarily treasury stock for any future stock option exercises .awards granted to non-employee directors in 2014 , 2013 and 2012 include 21490 , 27076 and 25620 deferred stock units , respectively , awarded under the outside directors deferred stock unit plan .a deferred stock unit is a phantom share of our common stock , which is accounted for as a liability until such awards are paid to the participants in cash .as there are no vesting or service requirements on these awards , total compensation expense is recognized in full for these awards on the date of grant .incentive/performance unit share awards and restricted stock/share unit awards the fair value of nonvested incentive/performance unit share awards and restricted stock/share unit awards is initially determined based on prices not less than the market value of our common stock on the date of grant .the value of certain incentive/performance unit share awards is subsequently remeasured based on the achievement of one or more financial and other performance goals .the personnel and compensation committee ( 201cp&cc 201d ) of the board of directors approves the final award payout with respect to certain incentive/performance unit share awards .these awards have either a three-year or a four-year performance period and are payable in either stock or a combination of stock and cash .restricted stock/share unit awards have various vesting periods generally ranging from 3 years to 5 years .beginning in 2013 , we incorporated several enhanced risk- related performance changes to certain long-term incentive compensation programs .in addition to achieving certain financial performance metrics on both an absolute basis and relative to our peers , final payout amounts will be subject to reduction if pnc fails to meet certain risk-related performance metrics as specified in the award agreements .however , the p&cc has the discretion to waive any or all of this reduction under certain circumstances .the weighted-average grant date fair value of incentive/ performance unit share awards and restricted stock/unit awards granted in 2014 , 2013 and 2012 was $ 80.79 , $ 64.77 and $ 60.68 per share , respectively .the total fair value of incentive/performance unit share and restricted stock/unit awards vested during 2014 , 2013 and 2012 was approximately $ 119 million , $ 63 million and $ 55 million , respectively .we recognize compensation expense for such awards ratably over the corresponding vesting and/or performance periods for each type of program .table 121 : nonvested incentive/performance unit share awards and restricted stock/share unit awards 2013 rollforward shares in thousands nonvested incentive/ performance unit shares weighted- average grant date fair value nonvested restricted stock/ weighted- average grant date fair value . shares in thousands december 31 2013 | nonvested incentive/ performance unit shares 1647 | weighted-averagegrant datefair value $ 63.49 | nonvested restricted stock/ share units 3483 | weighted-averagegrant datefair value $ 62.70
granted | 723 | 79.90 | 1276 | 81.29
vested/released | -513 ( 513 ) | 63.64 | -962 ( 962 ) | 62.32
forfeited | -20 ( 20 ) | 69.18 | -145 ( 145 ) | 69.44
december 31 2014 | 1837 | $ 69.84 | 3652 | $ 69.03 the pnc financial services group , inc .2013 form 10-k 185 .
Question: combined, what was the value of tax benefits realized from option exercises under all incentive plans for 2014 and 2013?
| convfinqa2291 |
to determine stock-based compensation expense , the grant date fair value is applied to the options granted with a reduction for estimated forfeitures .we recognize compensation expense for stock options on a straight-line basis over the specified vesting period .at december 31 , 2013 and 2012 , options for 10204000 and 12759000 shares of common stock were exercisable at a weighted-average price of $ 89.46 and $ 90.86 , respectively .the total intrinsic value of options exercised during 2014 , 2013 and 2012 was $ 90 million , $ 86 million and $ 37 million , respectively .cash received from option exercises under all incentive plans for 2014 , 2013 and 2012 was approximately $ 215 million , $ 208 million and $ 118 million , respectively .the tax benefit realized from option exercises under all incentive plans for 2014 , 2013 and 2012 was approximately $ 33 million , $ 31 million and $ 14 million , respectively .shares of common stock available during the next year for the granting of options and other awards under the incentive plans were 17997353 at december 31 , 2014 .total shares of pnc common stock authorized for future issuance under equity compensation plans totaled 19017057 shares at december 31 , 2014 , which includes shares available for issuance under the incentive plans and the employee stock purchase plan ( espp ) as described below .during 2014 , we issued approximately 2.4 million shares from treasury stock in connection with stock option exercise activity .as with past exercise activity , we currently intend to utilize primarily treasury stock for any future stock option exercises .awards granted to non-employee directors in 2014 , 2013 and 2012 include 21490 , 27076 and 25620 deferred stock units , respectively , awarded under the outside directors deferred stock unit plan .a deferred stock unit is a phantom share of our common stock , which is accounted for as a liability until such awards are paid to the participants in cash .as there are no vesting or service requirements on these awards , total compensation expense is recognized in full for these awards on the date of grant .incentive/performance unit share awards and restricted stock/share unit awards the fair value of nonvested incentive/performance unit share awards and restricted stock/share unit awards is initially determined based on prices not less than the market value of our common stock on the date of grant .the value of certain incentive/performance unit share awards is subsequently remeasured based on the achievement of one or more financial and other performance goals .the personnel and compensation committee ( 201cp&cc 201d ) of the board of directors approves the final award payout with respect to certain incentive/performance unit share awards .these awards have either a three-year or a four-year performance period and are payable in either stock or a combination of stock and cash .restricted stock/share unit awards have various vesting periods generally ranging from 3 years to 5 years .beginning in 2013 , we incorporated several enhanced risk- related performance changes to certain long-term incentive compensation programs .in addition to achieving certain financial performance metrics on both an absolute basis and relative to our peers , final payout amounts will be subject to reduction if pnc fails to meet certain risk-related performance metrics as specified in the award agreements .however , the p&cc has the discretion to waive any or all of this reduction under certain circumstances .the weighted-average grant date fair value of incentive/ performance unit share awards and restricted stock/unit awards granted in 2014 , 2013 and 2012 was $ 80.79 , $ 64.77 and $ 60.68 per share , respectively .the total fair value of incentive/performance unit share and restricted stock/unit awards vested during 2014 , 2013 and 2012 was approximately $ 119 million , $ 63 million and $ 55 million , respectively .we recognize compensation expense for such awards ratably over the corresponding vesting and/or performance periods for each type of program .table 121 : nonvested incentive/performance unit share awards and restricted stock/share unit awards 2013 rollforward shares in thousands nonvested incentive/ performance unit shares weighted- average grant date fair value nonvested restricted stock/ weighted- average grant date fair value . shares in thousands december 31 2013 | nonvested incentive/ performance unit shares 1647 | weighted-averagegrant datefair value $ 63.49 | nonvested restricted stock/ share units 3483 | weighted-averagegrant datefair value $ 62.70
granted | 723 | 79.90 | 1276 | 81.29
vested/released | -513 ( 513 ) | 63.64 | -962 ( 962 ) | 62.32
forfeited | -20 ( 20 ) | 69.18 | -145 ( 145 ) | 69.44
december 31 2014 | 1837 | $ 69.84 | 3652 | $ 69.03 the pnc financial services group , inc .2013 form 10-k 185 .
Question: combined, what was the value of tax benefits realized from option exercises under all incentive plans for 2014 and 2013?
Steps: Ask for number 33
Answer: 64.0
Question: and including the value for
| 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.
to determine stock-based compensation expense , the grant date fair value is applied to the options granted with a reduction for estimated forfeitures .we recognize compensation expense for stock options on a straight-line basis over the specified vesting period .at december 31 , 2013 and 2012 , options for 10204000 and 12759000 shares of common stock were exercisable at a weighted-average price of $ 89.46 and $ 90.86 , respectively .the total intrinsic value of options exercised during 2014 , 2013 and 2012 was $ 90 million , $ 86 million and $ 37 million , respectively .cash received from option exercises under all incentive plans for 2014 , 2013 and 2012 was approximately $ 215 million , $ 208 million and $ 118 million , respectively .the tax benefit realized from option exercises under all incentive plans for 2014 , 2013 and 2012 was approximately $ 33 million , $ 31 million and $ 14 million , respectively .shares of common stock available during the next year for the granting of options and other awards under the incentive plans were 17997353 at december 31 , 2014 .total shares of pnc common stock authorized for future issuance under equity compensation plans totaled 19017057 shares at december 31 , 2014 , which includes shares available for issuance under the incentive plans and the employee stock purchase plan ( espp ) as described below .during 2014 , we issued approximately 2.4 million shares from treasury stock in connection with stock option exercise activity .as with past exercise activity , we currently intend to utilize primarily treasury stock for any future stock option exercises .awards granted to non-employee directors in 2014 , 2013 and 2012 include 21490 , 27076 and 25620 deferred stock units , respectively , awarded under the outside directors deferred stock unit plan .a deferred stock unit is a phantom share of our common stock , which is accounted for as a liability until such awards are paid to the participants in cash .as there are no vesting or service requirements on these awards , total compensation expense is recognized in full for these awards on the date of grant .incentive/performance unit share awards and restricted stock/share unit awards the fair value of nonvested incentive/performance unit share awards and restricted stock/share unit awards is initially determined based on prices not less than the market value of our common stock on the date of grant .the value of certain incentive/performance unit share awards is subsequently remeasured based on the achievement of one or more financial and other performance goals .the personnel and compensation committee ( 201cp&cc 201d ) of the board of directors approves the final award payout with respect to certain incentive/performance unit share awards .these awards have either a three-year or a four-year performance period and are payable in either stock or a combination of stock and cash .restricted stock/share unit awards have various vesting periods generally ranging from 3 years to 5 years .beginning in 2013 , we incorporated several enhanced risk- related performance changes to certain long-term incentive compensation programs .in addition to achieving certain financial performance metrics on both an absolute basis and relative to our peers , final payout amounts will be subject to reduction if pnc fails to meet certain risk-related performance metrics as specified in the award agreements .however , the p&cc has the discretion to waive any or all of this reduction under certain circumstances .the weighted-average grant date fair value of incentive/ performance unit share awards and restricted stock/unit awards granted in 2014 , 2013 and 2012 was $ 80.79 , $ 64.77 and $ 60.68 per share , respectively .the total fair value of incentive/performance unit share and restricted stock/unit awards vested during 2014 , 2013 and 2012 was approximately $ 119 million , $ 63 million and $ 55 million , respectively .we recognize compensation expense for such awards ratably over the corresponding vesting and/or performance periods for each type of program .table 121 : nonvested incentive/performance unit share awards and restricted stock/share unit awards 2013 rollforward shares in thousands nonvested incentive/ performance unit shares weighted- average grant date fair value nonvested restricted stock/ weighted- average grant date fair value . shares in thousands december 31 2013 | nonvested incentive/ performance unit shares 1647 | weighted-averagegrant datefair value $ 63.49 | nonvested restricted stock/ share units 3483 | weighted-averagegrant datefair value $ 62.70
granted | 723 | 79.90 | 1276 | 81.29
vested/released | -513 ( 513 ) | 63.64 | -962 ( 962 ) | 62.32
forfeited | -20 ( 20 ) | 69.18 | -145 ( 145 ) | 69.44
december 31 2014 | 1837 | $ 69.84 | 3652 | $ 69.03 the pnc financial services group , inc .2013 form 10-k 185 .
Question: combined, what was the value of tax benefits realized from option exercises under all incentive plans for 2014 and 2013?
Steps: Ask for number 33
Answer: 64.0
Question: and including the value for
| convfinqa2292 |
to determine stock-based compensation expense , the grant date fair value is applied to the options granted with a reduction for estimated forfeitures .we recognize compensation expense for stock options on a straight-line basis over the specified vesting period .at december 31 , 2013 and 2012 , options for 10204000 and 12759000 shares of common stock were exercisable at a weighted-average price of $ 89.46 and $ 90.86 , respectively .the total intrinsic value of options exercised during 2014 , 2013 and 2012 was $ 90 million , $ 86 million and $ 37 million , respectively .cash received from option exercises under all incentive plans for 2014 , 2013 and 2012 was approximately $ 215 million , $ 208 million and $ 118 million , respectively .the tax benefit realized from option exercises under all incentive plans for 2014 , 2013 and 2012 was approximately $ 33 million , $ 31 million and $ 14 million , respectively .shares of common stock available during the next year for the granting of options and other awards under the incentive plans were 17997353 at december 31 , 2014 .total shares of pnc common stock authorized for future issuance under equity compensation plans totaled 19017057 shares at december 31 , 2014 , which includes shares available for issuance under the incentive plans and the employee stock purchase plan ( espp ) as described below .during 2014 , we issued approximately 2.4 million shares from treasury stock in connection with stock option exercise activity .as with past exercise activity , we currently intend to utilize primarily treasury stock for any future stock option exercises .awards granted to non-employee directors in 2014 , 2013 and 2012 include 21490 , 27076 and 25620 deferred stock units , respectively , awarded under the outside directors deferred stock unit plan .a deferred stock unit is a phantom share of our common stock , which is accounted for as a liability until such awards are paid to the participants in cash .as there are no vesting or service requirements on these awards , total compensation expense is recognized in full for these awards on the date of grant .incentive/performance unit share awards and restricted stock/share unit awards the fair value of nonvested incentive/performance unit share awards and restricted stock/share unit awards is initially determined based on prices not less than the market value of our common stock on the date of grant .the value of certain incentive/performance unit share awards is subsequently remeasured based on the achievement of one or more financial and other performance goals .the personnel and compensation committee ( 201cp&cc 201d ) of the board of directors approves the final award payout with respect to certain incentive/performance unit share awards .these awards have either a three-year or a four-year performance period and are payable in either stock or a combination of stock and cash .restricted stock/share unit awards have various vesting periods generally ranging from 3 years to 5 years .beginning in 2013 , we incorporated several enhanced risk- related performance changes to certain long-term incentive compensation programs .in addition to achieving certain financial performance metrics on both an absolute basis and relative to our peers , final payout amounts will be subject to reduction if pnc fails to meet certain risk-related performance metrics as specified in the award agreements .however , the p&cc has the discretion to waive any or all of this reduction under certain circumstances .the weighted-average grant date fair value of incentive/ performance unit share awards and restricted stock/unit awards granted in 2014 , 2013 and 2012 was $ 80.79 , $ 64.77 and $ 60.68 per share , respectively .the total fair value of incentive/performance unit share and restricted stock/unit awards vested during 2014 , 2013 and 2012 was approximately $ 119 million , $ 63 million and $ 55 million , respectively .we recognize compensation expense for such awards ratably over the corresponding vesting and/or performance periods for each type of program .table 121 : nonvested incentive/performance unit share awards and restricted stock/share unit awards 2013 rollforward shares in thousands nonvested incentive/ performance unit shares weighted- average grant date fair value nonvested restricted stock/ weighted- average grant date fair value . shares in thousands december 31 2013 | nonvested incentive/ performance unit shares 1647 | weighted-averagegrant datefair value $ 63.49 | nonvested restricted stock/ share units 3483 | weighted-averagegrant datefair value $ 62.70
granted | 723 | 79.90 | 1276 | 81.29
vested/released | -513 ( 513 ) | 63.64 | -962 ( 962 ) | 62.32
forfeited | -20 ( 20 ) | 69.18 | -145 ( 145 ) | 69.44
december 31 2014 | 1837 | $ 69.84 | 3652 | $ 69.03 the pnc financial services group , inc .2013 form 10-k 185 .
Question: combined, what was the value of tax benefits realized from option exercises under all incentive plans for 2014 and 2013?
Steps: Ask for number 33
Answer: 64.0
Question: and including the value for
Steps: Ask for number 31
Answer: 78.0
Question: so what was the average value during this time?
| 26.0 | 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.
to determine stock-based compensation expense , the grant date fair value is applied to the options granted with a reduction for estimated forfeitures .we recognize compensation expense for stock options on a straight-line basis over the specified vesting period .at december 31 , 2013 and 2012 , options for 10204000 and 12759000 shares of common stock were exercisable at a weighted-average price of $ 89.46 and $ 90.86 , respectively .the total intrinsic value of options exercised during 2014 , 2013 and 2012 was $ 90 million , $ 86 million and $ 37 million , respectively .cash received from option exercises under all incentive plans for 2014 , 2013 and 2012 was approximately $ 215 million , $ 208 million and $ 118 million , respectively .the tax benefit realized from option exercises under all incentive plans for 2014 , 2013 and 2012 was approximately $ 33 million , $ 31 million and $ 14 million , respectively .shares of common stock available during the next year for the granting of options and other awards under the incentive plans were 17997353 at december 31 , 2014 .total shares of pnc common stock authorized for future issuance under equity compensation plans totaled 19017057 shares at december 31 , 2014 , which includes shares available for issuance under the incentive plans and the employee stock purchase plan ( espp ) as described below .during 2014 , we issued approximately 2.4 million shares from treasury stock in connection with stock option exercise activity .as with past exercise activity , we currently intend to utilize primarily treasury stock for any future stock option exercises .awards granted to non-employee directors in 2014 , 2013 and 2012 include 21490 , 27076 and 25620 deferred stock units , respectively , awarded under the outside directors deferred stock unit plan .a deferred stock unit is a phantom share of our common stock , which is accounted for as a liability until such awards are paid to the participants in cash .as there are no vesting or service requirements on these awards , total compensation expense is recognized in full for these awards on the date of grant .incentive/performance unit share awards and restricted stock/share unit awards the fair value of nonvested incentive/performance unit share awards and restricted stock/share unit awards is initially determined based on prices not less than the market value of our common stock on the date of grant .the value of certain incentive/performance unit share awards is subsequently remeasured based on the achievement of one or more financial and other performance goals .the personnel and compensation committee ( 201cp&cc 201d ) of the board of directors approves the final award payout with respect to certain incentive/performance unit share awards .these awards have either a three-year or a four-year performance period and are payable in either stock or a combination of stock and cash .restricted stock/share unit awards have various vesting periods generally ranging from 3 years to 5 years .beginning in 2013 , we incorporated several enhanced risk- related performance changes to certain long-term incentive compensation programs .in addition to achieving certain financial performance metrics on both an absolute basis and relative to our peers , final payout amounts will be subject to reduction if pnc fails to meet certain risk-related performance metrics as specified in the award agreements .however , the p&cc has the discretion to waive any or all of this reduction under certain circumstances .the weighted-average grant date fair value of incentive/ performance unit share awards and restricted stock/unit awards granted in 2014 , 2013 and 2012 was $ 80.79 , $ 64.77 and $ 60.68 per share , respectively .the total fair value of incentive/performance unit share and restricted stock/unit awards vested during 2014 , 2013 and 2012 was approximately $ 119 million , $ 63 million and $ 55 million , respectively .we recognize compensation expense for such awards ratably over the corresponding vesting and/or performance periods for each type of program .table 121 : nonvested incentive/performance unit share awards and restricted stock/share unit awards 2013 rollforward shares in thousands nonvested incentive/ performance unit shares weighted- average grant date fair value nonvested restricted stock/ weighted- average grant date fair value . shares in thousands december 31 2013 | nonvested incentive/ performance unit shares 1647 | weighted-averagegrant datefair value $ 63.49 | nonvested restricted stock/ share units 3483 | weighted-averagegrant datefair value $ 62.70
granted | 723 | 79.90 | 1276 | 81.29
vested/released | -513 ( 513 ) | 63.64 | -962 ( 962 ) | 62.32
forfeited | -20 ( 20 ) | 69.18 | -145 ( 145 ) | 69.44
december 31 2014 | 1837 | $ 69.84 | 3652 | $ 69.03 the pnc financial services group , inc .2013 form 10-k 185 .
Question: combined, what was the value of tax benefits realized from option exercises under all incentive plans for 2014 and 2013?
Steps: Ask for number 33
Answer: 64.0
Question: and including the value for
Steps: Ask for number 31
Answer: 78.0
Question: so what was the average value during this time?
| convfinqa2293 |
to determine stock-based compensation expense , the grant date fair value is applied to the options granted with a reduction for estimated forfeitures .we recognize compensation expense for stock options on a straight-line basis over the specified vesting period .at december 31 , 2013 and 2012 , options for 10204000 and 12759000 shares of common stock were exercisable at a weighted-average price of $ 89.46 and $ 90.86 , respectively .the total intrinsic value of options exercised during 2014 , 2013 and 2012 was $ 90 million , $ 86 million and $ 37 million , respectively .cash received from option exercises under all incentive plans for 2014 , 2013 and 2012 was approximately $ 215 million , $ 208 million and $ 118 million , respectively .the tax benefit realized from option exercises under all incentive plans for 2014 , 2013 and 2012 was approximately $ 33 million , $ 31 million and $ 14 million , respectively .shares of common stock available during the next year for the granting of options and other awards under the incentive plans were 17997353 at december 31 , 2014 .total shares of pnc common stock authorized for future issuance under equity compensation plans totaled 19017057 shares at december 31 , 2014 , which includes shares available for issuance under the incentive plans and the employee stock purchase plan ( espp ) as described below .during 2014 , we issued approximately 2.4 million shares from treasury stock in connection with stock option exercise activity .as with past exercise activity , we currently intend to utilize primarily treasury stock for any future stock option exercises .awards granted to non-employee directors in 2014 , 2013 and 2012 include 21490 , 27076 and 25620 deferred stock units , respectively , awarded under the outside directors deferred stock unit plan .a deferred stock unit is a phantom share of our common stock , which is accounted for as a liability until such awards are paid to the participants in cash .as there are no vesting or service requirements on these awards , total compensation expense is recognized in full for these awards on the date of grant .incentive/performance unit share awards and restricted stock/share unit awards the fair value of nonvested incentive/performance unit share awards and restricted stock/share unit awards is initially determined based on prices not less than the market value of our common stock on the date of grant .the value of certain incentive/performance unit share awards is subsequently remeasured based on the achievement of one or more financial and other performance goals .the personnel and compensation committee ( 201cp&cc 201d ) of the board of directors approves the final award payout with respect to certain incentive/performance unit share awards .these awards have either a three-year or a four-year performance period and are payable in either stock or a combination of stock and cash .restricted stock/share unit awards have various vesting periods generally ranging from 3 years to 5 years .beginning in 2013 , we incorporated several enhanced risk- related performance changes to certain long-term incentive compensation programs .in addition to achieving certain financial performance metrics on both an absolute basis and relative to our peers , final payout amounts will be subject to reduction if pnc fails to meet certain risk-related performance metrics as specified in the award agreements .however , the p&cc has the discretion to waive any or all of this reduction under certain circumstances .the weighted-average grant date fair value of incentive/ performance unit share awards and restricted stock/unit awards granted in 2014 , 2013 and 2012 was $ 80.79 , $ 64.77 and $ 60.68 per share , respectively .the total fair value of incentive/performance unit share and restricted stock/unit awards vested during 2014 , 2013 and 2012 was approximately $ 119 million , $ 63 million and $ 55 million , respectively .we recognize compensation expense for such awards ratably over the corresponding vesting and/or performance periods for each type of program .table 121 : nonvested incentive/performance unit share awards and restricted stock/share unit awards 2013 rollforward shares in thousands nonvested incentive/ performance unit shares weighted- average grant date fair value nonvested restricted stock/ weighted- average grant date fair value . shares in thousands december 31 2013 | nonvested incentive/ performance unit shares 1647 | weighted-averagegrant datefair value $ 63.49 | nonvested restricted stock/ share units 3483 | weighted-averagegrant datefair value $ 62.70
granted | 723 | 79.90 | 1276 | 81.29
vested/released | -513 ( 513 ) | 63.64 | -962 ( 962 ) | 62.32
forfeited | -20 ( 20 ) | 69.18 | -145 ( 145 ) | 69.44
december 31 2014 | 1837 | $ 69.84 | 3652 | $ 69.03 the pnc financial services group , inc .2013 form 10-k 185 .
Question: combined, what was the value of tax benefits realized from option exercises under all incentive plans for 2014 and 2013?
Steps: Ask for number 33
Answer: 64.0
Question: and including the value for
Steps: Ask for number 31
Answer: 78.0
Question: so what was the average value during this time?
Steps: add(33, 31)
Answer: 26.0
Question: regarding non-vested incentive/performance unit shares, what was the change in the balance between 12/31/13 and 12/31/14?
| 190.0 | 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.
to determine stock-based compensation expense , the grant date fair value is applied to the options granted with a reduction for estimated forfeitures .we recognize compensation expense for stock options on a straight-line basis over the specified vesting period .at december 31 , 2013 and 2012 , options for 10204000 and 12759000 shares of common stock were exercisable at a weighted-average price of $ 89.46 and $ 90.86 , respectively .the total intrinsic value of options exercised during 2014 , 2013 and 2012 was $ 90 million , $ 86 million and $ 37 million , respectively .cash received from option exercises under all incentive plans for 2014 , 2013 and 2012 was approximately $ 215 million , $ 208 million and $ 118 million , respectively .the tax benefit realized from option exercises under all incentive plans for 2014 , 2013 and 2012 was approximately $ 33 million , $ 31 million and $ 14 million , respectively .shares of common stock available during the next year for the granting of options and other awards under the incentive plans were 17997353 at december 31 , 2014 .total shares of pnc common stock authorized for future issuance under equity compensation plans totaled 19017057 shares at december 31 , 2014 , which includes shares available for issuance under the incentive plans and the employee stock purchase plan ( espp ) as described below .during 2014 , we issued approximately 2.4 million shares from treasury stock in connection with stock option exercise activity .as with past exercise activity , we currently intend to utilize primarily treasury stock for any future stock option exercises .awards granted to non-employee directors in 2014 , 2013 and 2012 include 21490 , 27076 and 25620 deferred stock units , respectively , awarded under the outside directors deferred stock unit plan .a deferred stock unit is a phantom share of our common stock , which is accounted for as a liability until such awards are paid to the participants in cash .as there are no vesting or service requirements on these awards , total compensation expense is recognized in full for these awards on the date of grant .incentive/performance unit share awards and restricted stock/share unit awards the fair value of nonvested incentive/performance unit share awards and restricted stock/share unit awards is initially determined based on prices not less than the market value of our common stock on the date of grant .the value of certain incentive/performance unit share awards is subsequently remeasured based on the achievement of one or more financial and other performance goals .the personnel and compensation committee ( 201cp&cc 201d ) of the board of directors approves the final award payout with respect to certain incentive/performance unit share awards .these awards have either a three-year or a four-year performance period and are payable in either stock or a combination of stock and cash .restricted stock/share unit awards have various vesting periods generally ranging from 3 years to 5 years .beginning in 2013 , we incorporated several enhanced risk- related performance changes to certain long-term incentive compensation programs .in addition to achieving certain financial performance metrics on both an absolute basis and relative to our peers , final payout amounts will be subject to reduction if pnc fails to meet certain risk-related performance metrics as specified in the award agreements .however , the p&cc has the discretion to waive any or all of this reduction under certain circumstances .the weighted-average grant date fair value of incentive/ performance unit share awards and restricted stock/unit awards granted in 2014 , 2013 and 2012 was $ 80.79 , $ 64.77 and $ 60.68 per share , respectively .the total fair value of incentive/performance unit share and restricted stock/unit awards vested during 2014 , 2013 and 2012 was approximately $ 119 million , $ 63 million and $ 55 million , respectively .we recognize compensation expense for such awards ratably over the corresponding vesting and/or performance periods for each type of program .table 121 : nonvested incentive/performance unit share awards and restricted stock/share unit awards 2013 rollforward shares in thousands nonvested incentive/ performance unit shares weighted- average grant date fair value nonvested restricted stock/ weighted- average grant date fair value . shares in thousands december 31 2013 | nonvested incentive/ performance unit shares 1647 | weighted-averagegrant datefair value $ 63.49 | nonvested restricted stock/ share units 3483 | weighted-averagegrant datefair value $ 62.70
granted | 723 | 79.90 | 1276 | 81.29
vested/released | -513 ( 513 ) | 63.64 | -962 ( 962 ) | 62.32
forfeited | -20 ( 20 ) | 69.18 | -145 ( 145 ) | 69.44
december 31 2014 | 1837 | $ 69.84 | 3652 | $ 69.03 the pnc financial services group , inc .2013 form 10-k 185 .
Question: combined, what was the value of tax benefits realized from option exercises under all incentive plans for 2014 and 2013?
Steps: Ask for number 33
Answer: 64.0
Question: and including the value for
Steps: Ask for number 31
Answer: 78.0
Question: so what was the average value during this time?
Steps: add(33, 31)
Answer: 26.0
Question: regarding non-vested incentive/performance unit shares, what was the change in the balance between 12/31/13 and 12/31/14?
| convfinqa2294 |
aeronautics 2019 operating profit for 2012 increased $ 69 million , or 4% ( 4 % ) , compared to 2011 .the increase was attributable to higher operating profit of approximately $ 105 million from c-130 programs due to an increase in risk retirements ; about $ 50 million from f-16 programs due to higher aircraft deliveries partially offset by a decline in risk retirements ; approximately $ 50 million from f-35 production contracts due to increased production volume and risk retirements ; and about $ 50 million from the completion of purchased intangible asset amortization on certain f-16 contracts .partially offsetting the increases was lower operating profit of about $ 90 million from the f-35 development contract primarily due to the inception-to-date effect of reducing the profit booking rate in the second quarter of 2012 ; approximately $ 50 million from decreased production volume and risk retirements on the f-22 program partially offset by a resolution of a contractual matter in the second quarter of 2012 ; and approximately $ 45 million primarily due to a decrease in risk retirements on other sustainment activities partially offset by various other aeronautics programs due to increased risk retirements and volume .operating profit for c-5 programs was comparable to 2011 .adjustments not related to volume , including net profit booking rate adjustments and other matters described above , were approximately $ 30 million lower for 2012 compared to 2011 .backlog backlog decreased in 2013 compared to 2012 mainly due to lower orders on f-16 , c-5 , and c-130 programs , partially offset by higher orders on the f-35 program .backlog decreased in 2012 compared to 2011 mainly due to lower orders on f-35 and c-130 programs , partially offset by higher orders on f-16 programs .trends we expect aeronautics 2019 net sales to increase in 2014 in the mid-single digit percentage range as compared to 2013 primarily due to an increase in net sales from f-35 production contracts .operating profit is expected to increase slightly from 2013 , resulting in a slight decrease in operating margins between the years due to program mix .information systems & global solutions our is&gs business segment provides advanced technology systems and expertise , integrated information technology solutions , and management services across a broad spectrum of applications for civil , defense , intelligence , and other government customers .is&gs has a portfolio of many smaller contracts as compared to our other business segments .is&gs has been impacted by the continued downturn in federal information technology budgets .is&gs 2019 operating results included the following ( in millions ) : . | 2013 | 2012 | 2011
net sales | $ 8367 | $ 8846 | $ 9381
operating profit | 759 | 808 | 874
operating margins | 9.1% ( 9.1 % ) | 9.1% ( 9.1 % ) | 9.3% ( 9.3 % )
backlog at year-end | 8300 | 8700 | 9300 2013 compared to 2012 is&gs 2019 net sales decreased $ 479 million , or 5% ( 5 % ) , for 2013 compared to 2012 .the decrease was attributable to lower net sales of about $ 495 million due to decreased volume on various programs ( command and control programs for classified customers , ngi , and eram programs ) ; and approximately $ 320 million due to the completion of certain programs ( such as total information processing support services , the transportation worker identification credential ( twic ) , and odin ) .the decrease was partially offset by higher net sales of about $ 340 million due to the start-up of certain programs ( such as the disa gsm-o and the national science foundation antarctic support ) .is&gs 2019 operating profit decreased $ 49 million , or 6% ( 6 % ) , for 2013 compared to 2012 .the decrease was primarily attributable to lower operating profit of about $ 55 million due to certain programs nearing the end of their lifecycles , partially offset by higher operating profit of approximately $ 15 million due to the start-up of certain programs .adjustments not related to volume , including net profit booking rate adjustments and other matters , were comparable for 2013 compared to 2012 compared to 2011 is&gs 2019 net sales for 2012 decreased $ 535 million , or 6% ( 6 % ) , compared to 2011 .the decrease was attributable to lower net sales of approximately $ 485 million due to the substantial completion of various programs during 2011 ( primarily jtrs ; odin ; and u.k .census ) ; and about $ 255 million due to lower volume on numerous other programs ( primarily hanford; .
Question: what is the operating profit in 2013?
| 759.0 | 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.
aeronautics 2019 operating profit for 2012 increased $ 69 million , or 4% ( 4 % ) , compared to 2011 .the increase was attributable to higher operating profit of approximately $ 105 million from c-130 programs due to an increase in risk retirements ; about $ 50 million from f-16 programs due to higher aircraft deliveries partially offset by a decline in risk retirements ; approximately $ 50 million from f-35 production contracts due to increased production volume and risk retirements ; and about $ 50 million from the completion of purchased intangible asset amortization on certain f-16 contracts .partially offsetting the increases was lower operating profit of about $ 90 million from the f-35 development contract primarily due to the inception-to-date effect of reducing the profit booking rate in the second quarter of 2012 ; approximately $ 50 million from decreased production volume and risk retirements on the f-22 program partially offset by a resolution of a contractual matter in the second quarter of 2012 ; and approximately $ 45 million primarily due to a decrease in risk retirements on other sustainment activities partially offset by various other aeronautics programs due to increased risk retirements and volume .operating profit for c-5 programs was comparable to 2011 .adjustments not related to volume , including net profit booking rate adjustments and other matters described above , were approximately $ 30 million lower for 2012 compared to 2011 .backlog backlog decreased in 2013 compared to 2012 mainly due to lower orders on f-16 , c-5 , and c-130 programs , partially offset by higher orders on the f-35 program .backlog decreased in 2012 compared to 2011 mainly due to lower orders on f-35 and c-130 programs , partially offset by higher orders on f-16 programs .trends we expect aeronautics 2019 net sales to increase in 2014 in the mid-single digit percentage range as compared to 2013 primarily due to an increase in net sales from f-35 production contracts .operating profit is expected to increase slightly from 2013 , resulting in a slight decrease in operating margins between the years due to program mix .information systems & global solutions our is&gs business segment provides advanced technology systems and expertise , integrated information technology solutions , and management services across a broad spectrum of applications for civil , defense , intelligence , and other government customers .is&gs has a portfolio of many smaller contracts as compared to our other business segments .is&gs has been impacted by the continued downturn in federal information technology budgets .is&gs 2019 operating results included the following ( in millions ) : . | 2013 | 2012 | 2011
net sales | $ 8367 | $ 8846 | $ 9381
operating profit | 759 | 808 | 874
operating margins | 9.1% ( 9.1 % ) | 9.1% ( 9.1 % ) | 9.3% ( 9.3 % )
backlog at year-end | 8300 | 8700 | 9300 2013 compared to 2012 is&gs 2019 net sales decreased $ 479 million , or 5% ( 5 % ) , for 2013 compared to 2012 .the decrease was attributable to lower net sales of about $ 495 million due to decreased volume on various programs ( command and control programs for classified customers , ngi , and eram programs ) ; and approximately $ 320 million due to the completion of certain programs ( such as total information processing support services , the transportation worker identification credential ( twic ) , and odin ) .the decrease was partially offset by higher net sales of about $ 340 million due to the start-up of certain programs ( such as the disa gsm-o and the national science foundation antarctic support ) .is&gs 2019 operating profit decreased $ 49 million , or 6% ( 6 % ) , for 2013 compared to 2012 .the decrease was primarily attributable to lower operating profit of about $ 55 million due to certain programs nearing the end of their lifecycles , partially offset by higher operating profit of approximately $ 15 million due to the start-up of certain programs .adjustments not related to volume , including net profit booking rate adjustments and other matters , were comparable for 2013 compared to 2012 compared to 2011 is&gs 2019 net sales for 2012 decreased $ 535 million , or 6% ( 6 % ) , compared to 2011 .the decrease was attributable to lower net sales of approximately $ 485 million due to the substantial completion of various programs during 2011 ( primarily jtrs ; odin ; and u.k .census ) ; and about $ 255 million due to lower volume on numerous other programs ( primarily hanford; .
Question: what is the operating profit in 2013?
| convfinqa2295 |
aeronautics 2019 operating profit for 2012 increased $ 69 million , or 4% ( 4 % ) , compared to 2011 .the increase was attributable to higher operating profit of approximately $ 105 million from c-130 programs due to an increase in risk retirements ; about $ 50 million from f-16 programs due to higher aircraft deliveries partially offset by a decline in risk retirements ; approximately $ 50 million from f-35 production contracts due to increased production volume and risk retirements ; and about $ 50 million from the completion of purchased intangible asset amortization on certain f-16 contracts .partially offsetting the increases was lower operating profit of about $ 90 million from the f-35 development contract primarily due to the inception-to-date effect of reducing the profit booking rate in the second quarter of 2012 ; approximately $ 50 million from decreased production volume and risk retirements on the f-22 program partially offset by a resolution of a contractual matter in the second quarter of 2012 ; and approximately $ 45 million primarily due to a decrease in risk retirements on other sustainment activities partially offset by various other aeronautics programs due to increased risk retirements and volume .operating profit for c-5 programs was comparable to 2011 .adjustments not related to volume , including net profit booking rate adjustments and other matters described above , were approximately $ 30 million lower for 2012 compared to 2011 .backlog backlog decreased in 2013 compared to 2012 mainly due to lower orders on f-16 , c-5 , and c-130 programs , partially offset by higher orders on the f-35 program .backlog decreased in 2012 compared to 2011 mainly due to lower orders on f-35 and c-130 programs , partially offset by higher orders on f-16 programs .trends we expect aeronautics 2019 net sales to increase in 2014 in the mid-single digit percentage range as compared to 2013 primarily due to an increase in net sales from f-35 production contracts .operating profit is expected to increase slightly from 2013 , resulting in a slight decrease in operating margins between the years due to program mix .information systems & global solutions our is&gs business segment provides advanced technology systems and expertise , integrated information technology solutions , and management services across a broad spectrum of applications for civil , defense , intelligence , and other government customers .is&gs has a portfolio of many smaller contracts as compared to our other business segments .is&gs has been impacted by the continued downturn in federal information technology budgets .is&gs 2019 operating results included the following ( in millions ) : . | 2013 | 2012 | 2011
net sales | $ 8367 | $ 8846 | $ 9381
operating profit | 759 | 808 | 874
operating margins | 9.1% ( 9.1 % ) | 9.1% ( 9.1 % ) | 9.3% ( 9.3 % )
backlog at year-end | 8300 | 8700 | 9300 2013 compared to 2012 is&gs 2019 net sales decreased $ 479 million , or 5% ( 5 % ) , for 2013 compared to 2012 .the decrease was attributable to lower net sales of about $ 495 million due to decreased volume on various programs ( command and control programs for classified customers , ngi , and eram programs ) ; and approximately $ 320 million due to the completion of certain programs ( such as total information processing support services , the transportation worker identification credential ( twic ) , and odin ) .the decrease was partially offset by higher net sales of about $ 340 million due to the start-up of certain programs ( such as the disa gsm-o and the national science foundation antarctic support ) .is&gs 2019 operating profit decreased $ 49 million , or 6% ( 6 % ) , for 2013 compared to 2012 .the decrease was primarily attributable to lower operating profit of about $ 55 million due to certain programs nearing the end of their lifecycles , partially offset by higher operating profit of approximately $ 15 million due to the start-up of certain programs .adjustments not related to volume , including net profit booking rate adjustments and other matters , were comparable for 2013 compared to 2012 compared to 2011 is&gs 2019 net sales for 2012 decreased $ 535 million , or 6% ( 6 % ) , compared to 2011 .the decrease was attributable to lower net sales of approximately $ 485 million due to the substantial completion of various programs during 2011 ( primarily jtrs ; odin ; and u.k .census ) ; and about $ 255 million due to lower volume on numerous other programs ( primarily hanford; .
Question: what is the operating profit in 2013?
Steps: Ask for number 759
Answer: 759.0
Question: what about in 2012
| 808.0 | 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.
aeronautics 2019 operating profit for 2012 increased $ 69 million , or 4% ( 4 % ) , compared to 2011 .the increase was attributable to higher operating profit of approximately $ 105 million from c-130 programs due to an increase in risk retirements ; about $ 50 million from f-16 programs due to higher aircraft deliveries partially offset by a decline in risk retirements ; approximately $ 50 million from f-35 production contracts due to increased production volume and risk retirements ; and about $ 50 million from the completion of purchased intangible asset amortization on certain f-16 contracts .partially offsetting the increases was lower operating profit of about $ 90 million from the f-35 development contract primarily due to the inception-to-date effect of reducing the profit booking rate in the second quarter of 2012 ; approximately $ 50 million from decreased production volume and risk retirements on the f-22 program partially offset by a resolution of a contractual matter in the second quarter of 2012 ; and approximately $ 45 million primarily due to a decrease in risk retirements on other sustainment activities partially offset by various other aeronautics programs due to increased risk retirements and volume .operating profit for c-5 programs was comparable to 2011 .adjustments not related to volume , including net profit booking rate adjustments and other matters described above , were approximately $ 30 million lower for 2012 compared to 2011 .backlog backlog decreased in 2013 compared to 2012 mainly due to lower orders on f-16 , c-5 , and c-130 programs , partially offset by higher orders on the f-35 program .backlog decreased in 2012 compared to 2011 mainly due to lower orders on f-35 and c-130 programs , partially offset by higher orders on f-16 programs .trends we expect aeronautics 2019 net sales to increase in 2014 in the mid-single digit percentage range as compared to 2013 primarily due to an increase in net sales from f-35 production contracts .operating profit is expected to increase slightly from 2013 , resulting in a slight decrease in operating margins between the years due to program mix .information systems & global solutions our is&gs business segment provides advanced technology systems and expertise , integrated information technology solutions , and management services across a broad spectrum of applications for civil , defense , intelligence , and other government customers .is&gs has a portfolio of many smaller contracts as compared to our other business segments .is&gs has been impacted by the continued downturn in federal information technology budgets .is&gs 2019 operating results included the following ( in millions ) : . | 2013 | 2012 | 2011
net sales | $ 8367 | $ 8846 | $ 9381
operating profit | 759 | 808 | 874
operating margins | 9.1% ( 9.1 % ) | 9.1% ( 9.1 % ) | 9.3% ( 9.3 % )
backlog at year-end | 8300 | 8700 | 9300 2013 compared to 2012 is&gs 2019 net sales decreased $ 479 million , or 5% ( 5 % ) , for 2013 compared to 2012 .the decrease was attributable to lower net sales of about $ 495 million due to decreased volume on various programs ( command and control programs for classified customers , ngi , and eram programs ) ; and approximately $ 320 million due to the completion of certain programs ( such as total information processing support services , the transportation worker identification credential ( twic ) , and odin ) .the decrease was partially offset by higher net sales of about $ 340 million due to the start-up of certain programs ( such as the disa gsm-o and the national science foundation antarctic support ) .is&gs 2019 operating profit decreased $ 49 million , or 6% ( 6 % ) , for 2013 compared to 2012 .the decrease was primarily attributable to lower operating profit of about $ 55 million due to certain programs nearing the end of their lifecycles , partially offset by higher operating profit of approximately $ 15 million due to the start-up of certain programs .adjustments not related to volume , including net profit booking rate adjustments and other matters , were comparable for 2013 compared to 2012 compared to 2011 is&gs 2019 net sales for 2012 decreased $ 535 million , or 6% ( 6 % ) , compared to 2011 .the decrease was attributable to lower net sales of approximately $ 485 million due to the substantial completion of various programs during 2011 ( primarily jtrs ; odin ; and u.k .census ) ; and about $ 255 million due to lower volume on numerous other programs ( primarily hanford; .
Question: what is the operating profit in 2013?
Steps: Ask for number 759
Answer: 759.0
Question: what about in 2012
| convfinqa2296 |
aeronautics 2019 operating profit for 2012 increased $ 69 million , or 4% ( 4 % ) , compared to 2011 .the increase was attributable to higher operating profit of approximately $ 105 million from c-130 programs due to an increase in risk retirements ; about $ 50 million from f-16 programs due to higher aircraft deliveries partially offset by a decline in risk retirements ; approximately $ 50 million from f-35 production contracts due to increased production volume and risk retirements ; and about $ 50 million from the completion of purchased intangible asset amortization on certain f-16 contracts .partially offsetting the increases was lower operating profit of about $ 90 million from the f-35 development contract primarily due to the inception-to-date effect of reducing the profit booking rate in the second quarter of 2012 ; approximately $ 50 million from decreased production volume and risk retirements on the f-22 program partially offset by a resolution of a contractual matter in the second quarter of 2012 ; and approximately $ 45 million primarily due to a decrease in risk retirements on other sustainment activities partially offset by various other aeronautics programs due to increased risk retirements and volume .operating profit for c-5 programs was comparable to 2011 .adjustments not related to volume , including net profit booking rate adjustments and other matters described above , were approximately $ 30 million lower for 2012 compared to 2011 .backlog backlog decreased in 2013 compared to 2012 mainly due to lower orders on f-16 , c-5 , and c-130 programs , partially offset by higher orders on the f-35 program .backlog decreased in 2012 compared to 2011 mainly due to lower orders on f-35 and c-130 programs , partially offset by higher orders on f-16 programs .trends we expect aeronautics 2019 net sales to increase in 2014 in the mid-single digit percentage range as compared to 2013 primarily due to an increase in net sales from f-35 production contracts .operating profit is expected to increase slightly from 2013 , resulting in a slight decrease in operating margins between the years due to program mix .information systems & global solutions our is&gs business segment provides advanced technology systems and expertise , integrated information technology solutions , and management services across a broad spectrum of applications for civil , defense , intelligence , and other government customers .is&gs has a portfolio of many smaller contracts as compared to our other business segments .is&gs has been impacted by the continued downturn in federal information technology budgets .is&gs 2019 operating results included the following ( in millions ) : . | 2013 | 2012 | 2011
net sales | $ 8367 | $ 8846 | $ 9381
operating profit | 759 | 808 | 874
operating margins | 9.1% ( 9.1 % ) | 9.1% ( 9.1 % ) | 9.3% ( 9.3 % )
backlog at year-end | 8300 | 8700 | 9300 2013 compared to 2012 is&gs 2019 net sales decreased $ 479 million , or 5% ( 5 % ) , for 2013 compared to 2012 .the decrease was attributable to lower net sales of about $ 495 million due to decreased volume on various programs ( command and control programs for classified customers , ngi , and eram programs ) ; and approximately $ 320 million due to the completion of certain programs ( such as total information processing support services , the transportation worker identification credential ( twic ) , and odin ) .the decrease was partially offset by higher net sales of about $ 340 million due to the start-up of certain programs ( such as the disa gsm-o and the national science foundation antarctic support ) .is&gs 2019 operating profit decreased $ 49 million , or 6% ( 6 % ) , for 2013 compared to 2012 .the decrease was primarily attributable to lower operating profit of about $ 55 million due to certain programs nearing the end of their lifecycles , partially offset by higher operating profit of approximately $ 15 million due to the start-up of certain programs .adjustments not related to volume , including net profit booking rate adjustments and other matters , were comparable for 2013 compared to 2012 compared to 2011 is&gs 2019 net sales for 2012 decreased $ 535 million , or 6% ( 6 % ) , compared to 2011 .the decrease was attributable to lower net sales of approximately $ 485 million due to the substantial completion of various programs during 2011 ( primarily jtrs ; odin ; and u.k .census ) ; and about $ 255 million due to lower volume on numerous other programs ( primarily hanford; .
Question: what is the operating profit in 2013?
Steps: Ask for number 759
Answer: 759.0
Question: what about in 2012
Steps: Ask for number 808
Answer: 808.0
Question: what is the total for two years?
| 1567.0 | 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.
aeronautics 2019 operating profit for 2012 increased $ 69 million , or 4% ( 4 % ) , compared to 2011 .the increase was attributable to higher operating profit of approximately $ 105 million from c-130 programs due to an increase in risk retirements ; about $ 50 million from f-16 programs due to higher aircraft deliveries partially offset by a decline in risk retirements ; approximately $ 50 million from f-35 production contracts due to increased production volume and risk retirements ; and about $ 50 million from the completion of purchased intangible asset amortization on certain f-16 contracts .partially offsetting the increases was lower operating profit of about $ 90 million from the f-35 development contract primarily due to the inception-to-date effect of reducing the profit booking rate in the second quarter of 2012 ; approximately $ 50 million from decreased production volume and risk retirements on the f-22 program partially offset by a resolution of a contractual matter in the second quarter of 2012 ; and approximately $ 45 million primarily due to a decrease in risk retirements on other sustainment activities partially offset by various other aeronautics programs due to increased risk retirements and volume .operating profit for c-5 programs was comparable to 2011 .adjustments not related to volume , including net profit booking rate adjustments and other matters described above , were approximately $ 30 million lower for 2012 compared to 2011 .backlog backlog decreased in 2013 compared to 2012 mainly due to lower orders on f-16 , c-5 , and c-130 programs , partially offset by higher orders on the f-35 program .backlog decreased in 2012 compared to 2011 mainly due to lower orders on f-35 and c-130 programs , partially offset by higher orders on f-16 programs .trends we expect aeronautics 2019 net sales to increase in 2014 in the mid-single digit percentage range as compared to 2013 primarily due to an increase in net sales from f-35 production contracts .operating profit is expected to increase slightly from 2013 , resulting in a slight decrease in operating margins between the years due to program mix .information systems & global solutions our is&gs business segment provides advanced technology systems and expertise , integrated information technology solutions , and management services across a broad spectrum of applications for civil , defense , intelligence , and other government customers .is&gs has a portfolio of many smaller contracts as compared to our other business segments .is&gs has been impacted by the continued downturn in federal information technology budgets .is&gs 2019 operating results included the following ( in millions ) : . | 2013 | 2012 | 2011
net sales | $ 8367 | $ 8846 | $ 9381
operating profit | 759 | 808 | 874
operating margins | 9.1% ( 9.1 % ) | 9.1% ( 9.1 % ) | 9.3% ( 9.3 % )
backlog at year-end | 8300 | 8700 | 9300 2013 compared to 2012 is&gs 2019 net sales decreased $ 479 million , or 5% ( 5 % ) , for 2013 compared to 2012 .the decrease was attributable to lower net sales of about $ 495 million due to decreased volume on various programs ( command and control programs for classified customers , ngi , and eram programs ) ; and approximately $ 320 million due to the completion of certain programs ( such as total information processing support services , the transportation worker identification credential ( twic ) , and odin ) .the decrease was partially offset by higher net sales of about $ 340 million due to the start-up of certain programs ( such as the disa gsm-o and the national science foundation antarctic support ) .is&gs 2019 operating profit decreased $ 49 million , or 6% ( 6 % ) , for 2013 compared to 2012 .the decrease was primarily attributable to lower operating profit of about $ 55 million due to certain programs nearing the end of their lifecycles , partially offset by higher operating profit of approximately $ 15 million due to the start-up of certain programs .adjustments not related to volume , including net profit booking rate adjustments and other matters , were comparable for 2013 compared to 2012 compared to 2011 is&gs 2019 net sales for 2012 decreased $ 535 million , or 6% ( 6 % ) , compared to 2011 .the decrease was attributable to lower net sales of approximately $ 485 million due to the substantial completion of various programs during 2011 ( primarily jtrs ; odin ; and u.k .census ) ; and about $ 255 million due to lower volume on numerous other programs ( primarily hanford; .
Question: what is the operating profit in 2013?
Steps: Ask for number 759
Answer: 759.0
Question: what about in 2012
Steps: Ask for number 808
Answer: 808.0
Question: what is the total for two years?
| convfinqa2297 |
aeronautics 2019 operating profit for 2012 increased $ 69 million , or 4% ( 4 % ) , compared to 2011 .the increase was attributable to higher operating profit of approximately $ 105 million from c-130 programs due to an increase in risk retirements ; about $ 50 million from f-16 programs due to higher aircraft deliveries partially offset by a decline in risk retirements ; approximately $ 50 million from f-35 production contracts due to increased production volume and risk retirements ; and about $ 50 million from the completion of purchased intangible asset amortization on certain f-16 contracts .partially offsetting the increases was lower operating profit of about $ 90 million from the f-35 development contract primarily due to the inception-to-date effect of reducing the profit booking rate in the second quarter of 2012 ; approximately $ 50 million from decreased production volume and risk retirements on the f-22 program partially offset by a resolution of a contractual matter in the second quarter of 2012 ; and approximately $ 45 million primarily due to a decrease in risk retirements on other sustainment activities partially offset by various other aeronautics programs due to increased risk retirements and volume .operating profit for c-5 programs was comparable to 2011 .adjustments not related to volume , including net profit booking rate adjustments and other matters described above , were approximately $ 30 million lower for 2012 compared to 2011 .backlog backlog decreased in 2013 compared to 2012 mainly due to lower orders on f-16 , c-5 , and c-130 programs , partially offset by higher orders on the f-35 program .backlog decreased in 2012 compared to 2011 mainly due to lower orders on f-35 and c-130 programs , partially offset by higher orders on f-16 programs .trends we expect aeronautics 2019 net sales to increase in 2014 in the mid-single digit percentage range as compared to 2013 primarily due to an increase in net sales from f-35 production contracts .operating profit is expected to increase slightly from 2013 , resulting in a slight decrease in operating margins between the years due to program mix .information systems & global solutions our is&gs business segment provides advanced technology systems and expertise , integrated information technology solutions , and management services across a broad spectrum of applications for civil , defense , intelligence , and other government customers .is&gs has a portfolio of many smaller contracts as compared to our other business segments .is&gs has been impacted by the continued downturn in federal information technology budgets .is&gs 2019 operating results included the following ( in millions ) : . | 2013 | 2012 | 2011
net sales | $ 8367 | $ 8846 | $ 9381
operating profit | 759 | 808 | 874
operating margins | 9.1% ( 9.1 % ) | 9.1% ( 9.1 % ) | 9.3% ( 9.3 % )
backlog at year-end | 8300 | 8700 | 9300 2013 compared to 2012 is&gs 2019 net sales decreased $ 479 million , or 5% ( 5 % ) , for 2013 compared to 2012 .the decrease was attributable to lower net sales of about $ 495 million due to decreased volume on various programs ( command and control programs for classified customers , ngi , and eram programs ) ; and approximately $ 320 million due to the completion of certain programs ( such as total information processing support services , the transportation worker identification credential ( twic ) , and odin ) .the decrease was partially offset by higher net sales of about $ 340 million due to the start-up of certain programs ( such as the disa gsm-o and the national science foundation antarctic support ) .is&gs 2019 operating profit decreased $ 49 million , or 6% ( 6 % ) , for 2013 compared to 2012 .the decrease was primarily attributable to lower operating profit of about $ 55 million due to certain programs nearing the end of their lifecycles , partially offset by higher operating profit of approximately $ 15 million due to the start-up of certain programs .adjustments not related to volume , including net profit booking rate adjustments and other matters , were comparable for 2013 compared to 2012 compared to 2011 is&gs 2019 net sales for 2012 decreased $ 535 million , or 6% ( 6 % ) , compared to 2011 .the decrease was attributable to lower net sales of approximately $ 485 million due to the substantial completion of various programs during 2011 ( primarily jtrs ; odin ; and u.k .census ) ; and about $ 255 million due to lower volume on numerous other programs ( primarily hanford; .
Question: what is the operating profit in 2013?
Steps: Ask for number 759
Answer: 759.0
Question: what about in 2012
Steps: Ask for number 808
Answer: 808.0
Question: what is the total for two years?
Steps: add(759, 808)
Answer: 1567.0
Question: what about the total after including 2011?
| 2441.0 | 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.
aeronautics 2019 operating profit for 2012 increased $ 69 million , or 4% ( 4 % ) , compared to 2011 .the increase was attributable to higher operating profit of approximately $ 105 million from c-130 programs due to an increase in risk retirements ; about $ 50 million from f-16 programs due to higher aircraft deliveries partially offset by a decline in risk retirements ; approximately $ 50 million from f-35 production contracts due to increased production volume and risk retirements ; and about $ 50 million from the completion of purchased intangible asset amortization on certain f-16 contracts .partially offsetting the increases was lower operating profit of about $ 90 million from the f-35 development contract primarily due to the inception-to-date effect of reducing the profit booking rate in the second quarter of 2012 ; approximately $ 50 million from decreased production volume and risk retirements on the f-22 program partially offset by a resolution of a contractual matter in the second quarter of 2012 ; and approximately $ 45 million primarily due to a decrease in risk retirements on other sustainment activities partially offset by various other aeronautics programs due to increased risk retirements and volume .operating profit for c-5 programs was comparable to 2011 .adjustments not related to volume , including net profit booking rate adjustments and other matters described above , were approximately $ 30 million lower for 2012 compared to 2011 .backlog backlog decreased in 2013 compared to 2012 mainly due to lower orders on f-16 , c-5 , and c-130 programs , partially offset by higher orders on the f-35 program .backlog decreased in 2012 compared to 2011 mainly due to lower orders on f-35 and c-130 programs , partially offset by higher orders on f-16 programs .trends we expect aeronautics 2019 net sales to increase in 2014 in the mid-single digit percentage range as compared to 2013 primarily due to an increase in net sales from f-35 production contracts .operating profit is expected to increase slightly from 2013 , resulting in a slight decrease in operating margins between the years due to program mix .information systems & global solutions our is&gs business segment provides advanced technology systems and expertise , integrated information technology solutions , and management services across a broad spectrum of applications for civil , defense , intelligence , and other government customers .is&gs has a portfolio of many smaller contracts as compared to our other business segments .is&gs has been impacted by the continued downturn in federal information technology budgets .is&gs 2019 operating results included the following ( in millions ) : . | 2013 | 2012 | 2011
net sales | $ 8367 | $ 8846 | $ 9381
operating profit | 759 | 808 | 874
operating margins | 9.1% ( 9.1 % ) | 9.1% ( 9.1 % ) | 9.3% ( 9.3 % )
backlog at year-end | 8300 | 8700 | 9300 2013 compared to 2012 is&gs 2019 net sales decreased $ 479 million , or 5% ( 5 % ) , for 2013 compared to 2012 .the decrease was attributable to lower net sales of about $ 495 million due to decreased volume on various programs ( command and control programs for classified customers , ngi , and eram programs ) ; and approximately $ 320 million due to the completion of certain programs ( such as total information processing support services , the transportation worker identification credential ( twic ) , and odin ) .the decrease was partially offset by higher net sales of about $ 340 million due to the start-up of certain programs ( such as the disa gsm-o and the national science foundation antarctic support ) .is&gs 2019 operating profit decreased $ 49 million , or 6% ( 6 % ) , for 2013 compared to 2012 .the decrease was primarily attributable to lower operating profit of about $ 55 million due to certain programs nearing the end of their lifecycles , partially offset by higher operating profit of approximately $ 15 million due to the start-up of certain programs .adjustments not related to volume , including net profit booking rate adjustments and other matters , were comparable for 2013 compared to 2012 compared to 2011 is&gs 2019 net sales for 2012 decreased $ 535 million , or 6% ( 6 % ) , compared to 2011 .the decrease was attributable to lower net sales of approximately $ 485 million due to the substantial completion of various programs during 2011 ( primarily jtrs ; odin ; and u.k .census ) ; and about $ 255 million due to lower volume on numerous other programs ( primarily hanford; .
Question: what is the operating profit in 2013?
Steps: Ask for number 759
Answer: 759.0
Question: what about in 2012
Steps: Ask for number 808
Answer: 808.0
Question: what is the total for two years?
Steps: add(759, 808)
Answer: 1567.0
Question: what about the total after including 2011?
| convfinqa2298 |
aeronautics 2019 operating profit for 2012 increased $ 69 million , or 4% ( 4 % ) , compared to 2011 .the increase was attributable to higher operating profit of approximately $ 105 million from c-130 programs due to an increase in risk retirements ; about $ 50 million from f-16 programs due to higher aircraft deliveries partially offset by a decline in risk retirements ; approximately $ 50 million from f-35 production contracts due to increased production volume and risk retirements ; and about $ 50 million from the completion of purchased intangible asset amortization on certain f-16 contracts .partially offsetting the increases was lower operating profit of about $ 90 million from the f-35 development contract primarily due to the inception-to-date effect of reducing the profit booking rate in the second quarter of 2012 ; approximately $ 50 million from decreased production volume and risk retirements on the f-22 program partially offset by a resolution of a contractual matter in the second quarter of 2012 ; and approximately $ 45 million primarily due to a decrease in risk retirements on other sustainment activities partially offset by various other aeronautics programs due to increased risk retirements and volume .operating profit for c-5 programs was comparable to 2011 .adjustments not related to volume , including net profit booking rate adjustments and other matters described above , were approximately $ 30 million lower for 2012 compared to 2011 .backlog backlog decreased in 2013 compared to 2012 mainly due to lower orders on f-16 , c-5 , and c-130 programs , partially offset by higher orders on the f-35 program .backlog decreased in 2012 compared to 2011 mainly due to lower orders on f-35 and c-130 programs , partially offset by higher orders on f-16 programs .trends we expect aeronautics 2019 net sales to increase in 2014 in the mid-single digit percentage range as compared to 2013 primarily due to an increase in net sales from f-35 production contracts .operating profit is expected to increase slightly from 2013 , resulting in a slight decrease in operating margins between the years due to program mix .information systems & global solutions our is&gs business segment provides advanced technology systems and expertise , integrated information technology solutions , and management services across a broad spectrum of applications for civil , defense , intelligence , and other government customers .is&gs has a portfolio of many smaller contracts as compared to our other business segments .is&gs has been impacted by the continued downturn in federal information technology budgets .is&gs 2019 operating results included the following ( in millions ) : . | 2013 | 2012 | 2011
net sales | $ 8367 | $ 8846 | $ 9381
operating profit | 759 | 808 | 874
operating margins | 9.1% ( 9.1 % ) | 9.1% ( 9.1 % ) | 9.3% ( 9.3 % )
backlog at year-end | 8300 | 8700 | 9300 2013 compared to 2012 is&gs 2019 net sales decreased $ 479 million , or 5% ( 5 % ) , for 2013 compared to 2012 .the decrease was attributable to lower net sales of about $ 495 million due to decreased volume on various programs ( command and control programs for classified customers , ngi , and eram programs ) ; and approximately $ 320 million due to the completion of certain programs ( such as total information processing support services , the transportation worker identification credential ( twic ) , and odin ) .the decrease was partially offset by higher net sales of about $ 340 million due to the start-up of certain programs ( such as the disa gsm-o and the national science foundation antarctic support ) .is&gs 2019 operating profit decreased $ 49 million , or 6% ( 6 % ) , for 2013 compared to 2012 .the decrease was primarily attributable to lower operating profit of about $ 55 million due to certain programs nearing the end of their lifecycles , partially offset by higher operating profit of approximately $ 15 million due to the start-up of certain programs .adjustments not related to volume , including net profit booking rate adjustments and other matters , were comparable for 2013 compared to 2012 compared to 2011 is&gs 2019 net sales for 2012 decreased $ 535 million , or 6% ( 6 % ) , compared to 2011 .the decrease was attributable to lower net sales of approximately $ 485 million due to the substantial completion of various programs during 2011 ( primarily jtrs ; odin ; and u.k .census ) ; and about $ 255 million due to lower volume on numerous other programs ( primarily hanford; .
Question: what is the operating profit in 2013?
Steps: Ask for number 759
Answer: 759.0
Question: what about in 2012
Steps: Ask for number 808
Answer: 808.0
Question: what is the total for two years?
Steps: add(759, 808)
Answer: 1567.0
Question: what about the total after including 2011?
Steps: add(A0, 874)
Answer: 2441.0
Question: what is the average for three years?
| 813.66667 | 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.
aeronautics 2019 operating profit for 2012 increased $ 69 million , or 4% ( 4 % ) , compared to 2011 .the increase was attributable to higher operating profit of approximately $ 105 million from c-130 programs due to an increase in risk retirements ; about $ 50 million from f-16 programs due to higher aircraft deliveries partially offset by a decline in risk retirements ; approximately $ 50 million from f-35 production contracts due to increased production volume and risk retirements ; and about $ 50 million from the completion of purchased intangible asset amortization on certain f-16 contracts .partially offsetting the increases was lower operating profit of about $ 90 million from the f-35 development contract primarily due to the inception-to-date effect of reducing the profit booking rate in the second quarter of 2012 ; approximately $ 50 million from decreased production volume and risk retirements on the f-22 program partially offset by a resolution of a contractual matter in the second quarter of 2012 ; and approximately $ 45 million primarily due to a decrease in risk retirements on other sustainment activities partially offset by various other aeronautics programs due to increased risk retirements and volume .operating profit for c-5 programs was comparable to 2011 .adjustments not related to volume , including net profit booking rate adjustments and other matters described above , were approximately $ 30 million lower for 2012 compared to 2011 .backlog backlog decreased in 2013 compared to 2012 mainly due to lower orders on f-16 , c-5 , and c-130 programs , partially offset by higher orders on the f-35 program .backlog decreased in 2012 compared to 2011 mainly due to lower orders on f-35 and c-130 programs , partially offset by higher orders on f-16 programs .trends we expect aeronautics 2019 net sales to increase in 2014 in the mid-single digit percentage range as compared to 2013 primarily due to an increase in net sales from f-35 production contracts .operating profit is expected to increase slightly from 2013 , resulting in a slight decrease in operating margins between the years due to program mix .information systems & global solutions our is&gs business segment provides advanced technology systems and expertise , integrated information technology solutions , and management services across a broad spectrum of applications for civil , defense , intelligence , and other government customers .is&gs has a portfolio of many smaller contracts as compared to our other business segments .is&gs has been impacted by the continued downturn in federal information technology budgets .is&gs 2019 operating results included the following ( in millions ) : . | 2013 | 2012 | 2011
net sales | $ 8367 | $ 8846 | $ 9381
operating profit | 759 | 808 | 874
operating margins | 9.1% ( 9.1 % ) | 9.1% ( 9.1 % ) | 9.3% ( 9.3 % )
backlog at year-end | 8300 | 8700 | 9300 2013 compared to 2012 is&gs 2019 net sales decreased $ 479 million , or 5% ( 5 % ) , for 2013 compared to 2012 .the decrease was attributable to lower net sales of about $ 495 million due to decreased volume on various programs ( command and control programs for classified customers , ngi , and eram programs ) ; and approximately $ 320 million due to the completion of certain programs ( such as total information processing support services , the transportation worker identification credential ( twic ) , and odin ) .the decrease was partially offset by higher net sales of about $ 340 million due to the start-up of certain programs ( such as the disa gsm-o and the national science foundation antarctic support ) .is&gs 2019 operating profit decreased $ 49 million , or 6% ( 6 % ) , for 2013 compared to 2012 .the decrease was primarily attributable to lower operating profit of about $ 55 million due to certain programs nearing the end of their lifecycles , partially offset by higher operating profit of approximately $ 15 million due to the start-up of certain programs .adjustments not related to volume , including net profit booking rate adjustments and other matters , were comparable for 2013 compared to 2012 compared to 2011 is&gs 2019 net sales for 2012 decreased $ 535 million , or 6% ( 6 % ) , compared to 2011 .the decrease was attributable to lower net sales of approximately $ 485 million due to the substantial completion of various programs during 2011 ( primarily jtrs ; odin ; and u.k .census ) ; and about $ 255 million due to lower volume on numerous other programs ( primarily hanford; .
Question: what is the operating profit in 2013?
Steps: Ask for number 759
Answer: 759.0
Question: what about in 2012
Steps: Ask for number 808
Answer: 808.0
Question: what is the total for two years?
Steps: add(759, 808)
Answer: 1567.0
Question: what about the total after including 2011?
Steps: add(A0, 874)
Answer: 2441.0
Question: what is the average for three years?
| convfinqa2299 |
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