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table of contents item 1b .unresolved staff comments we have no unresolved sec staff comments to report .item 2 .properties as of december 31 , 2015 , we owned or leased 126 major manufacturing sites and 14 major technical centers .a manufacturing site may include multiple plants and may be wholly or partially owned or leased .we also have many smaller manufacturing sites , sales offices , warehouses , engineering centers , joint ventures and other investments strategically located throughout the world .we have a presence in 44 countries .the following table shows the regional distribution of our major manufacturing sites by the operating segment that uses such facilities : north america europe , middle east & africa asia pacific south america total . | north america | europemiddle east& africa | asia pacific | south america | total
electrical/electronic architecture | 30 | 32 | 25 | 5 | 92
powertrain systems | 4 | 10 | 5 | 2 | 21
electronics and safety | 3 | 7 | 3 | 2014 | 13
total | 37 | 49 | 33 | 7 | 126 in addition to these manufacturing sites , we had 14 major technical centers : four in north america ; five in europe , middle east and africa ; four in asia pacific ; and one in south america .of our 126 major manufacturing sites and 14 major technical centers , which include facilities owned or leased by our consolidated subsidiaries , 77 are primarily owned and 63 are primarily leased .we frequently review our real estate portfolio and develop footprint strategies to support our customers 2019 global plans , while at the same time supporting our technical needs and controlling operating expenses .we believe our evolving portfolio will meet current and anticipated future needs .item 3 .legal proceedings we are from time to time subject to various actions , claims , suits , government investigations , and other proceedings incidental to our business , including those arising out of alleged defects , breach of contracts , competition and antitrust matters , product warranties , intellectual property matters , personal injury claims and employment-related matters .it is our opinion that the outcome of such matters will not have a material adverse impact on our consolidated financial position , results of operations , or cash flows .with respect to warranty matters , although we cannot ensure that the future costs of warranty claims by customers will not be material , we believe our established reserves are adequate to cover potential warranty settlements .however , the final amounts required to resolve these matters could differ materially from our recorded estimates .gm ignition switch recall in the first quarter of 2014 , gm , delphi 2019s largest customer , initiated a product recall related to ignition switches .delphi received requests for information from , and cooperated with , various government agencies related to this ignition switch recall .in addition , delphi was initially named as a co-defendant along with gm ( and in certain cases other parties ) in class action and product liability lawsuits related to this matter .as of december 31 , 2015 , delphi was not named as a defendant in any class action complaints .although no assurances can be made as to the ultimate outcome of these or any other future claims , delphi does not believe a loss is probable and , accordingly , no reserve has been made as of december 31 , 2015 .unsecured creditors litigation the fourth amended and restated limited liability partnership agreement of delphi automotive llp ( the 201cfourth llp agreement 201d ) was entered into on july 12 , 2011 by the members of delphi automotive llp in order to position the company for its initial public offering .under the terms of the fourth llp agreement , if cumulative distributions to the members of delphi automotive llp under certain provisions of the fourth llp agreement exceed $ 7.2 billion , delphi , as disbursing agent on behalf of dphh , is required to pay to the holders of allowed general unsecured claims against dphh $ 32.50 for every $ 67.50 in excess of $ 7.2 billion distributed to the members , up to a maximum amount of $ 300 million .in december 2014 , a complaint was filed in the bankruptcy court alleging that the redemption by delphi automotive llp of the membership interests of gm and the pbgc , and the repurchase of shares and payment of dividends by delphi automotive plc , constituted distributions under the terms of the fourth llp agreement approximating $ 7.2 billion .delphi considers cumulative .
Question: what portion of the total facilities are in europe middle east& africa?
| 0.38889 | Read the following texts and table with financial data from an S&P 500 earnings report 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 item 1b .unresolved staff comments we have no unresolved sec staff comments to report .item 2 .properties as of december 31 , 2015 , we owned or leased 126 major manufacturing sites and 14 major technical centers .a manufacturing site may include multiple plants and may be wholly or partially owned or leased .we also have many smaller manufacturing sites , sales offices , warehouses , engineering centers , joint ventures and other investments strategically located throughout the world .we have a presence in 44 countries .the following table shows the regional distribution of our major manufacturing sites by the operating segment that uses such facilities : north america europe , middle east & africa asia pacific south america total . | north america | europemiddle east& africa | asia pacific | south america | total
electrical/electronic architecture | 30 | 32 | 25 | 5 | 92
powertrain systems | 4 | 10 | 5 | 2 | 21
electronics and safety | 3 | 7 | 3 | 2014 | 13
total | 37 | 49 | 33 | 7 | 126 in addition to these manufacturing sites , we had 14 major technical centers : four in north america ; five in europe , middle east and africa ; four in asia pacific ; and one in south america .of our 126 major manufacturing sites and 14 major technical centers , which include facilities owned or leased by our consolidated subsidiaries , 77 are primarily owned and 63 are primarily leased .we frequently review our real estate portfolio and develop footprint strategies to support our customers 2019 global plans , while at the same time supporting our technical needs and controlling operating expenses .we believe our evolving portfolio will meet current and anticipated future needs .item 3 .legal proceedings we are from time to time subject to various actions , claims , suits , government investigations , and other proceedings incidental to our business , including those arising out of alleged defects , breach of contracts , competition and antitrust matters , product warranties , intellectual property matters , personal injury claims and employment-related matters .it is our opinion that the outcome of such matters will not have a material adverse impact on our consolidated financial position , results of operations , or cash flows .with respect to warranty matters , although we cannot ensure that the future costs of warranty claims by customers will not be material , we believe our established reserves are adequate to cover potential warranty settlements .however , the final amounts required to resolve these matters could differ materially from our recorded estimates .gm ignition switch recall in the first quarter of 2014 , gm , delphi 2019s largest customer , initiated a product recall related to ignition switches .delphi received requests for information from , and cooperated with , various government agencies related to this ignition switch recall .in addition , delphi was initially named as a co-defendant along with gm ( and in certain cases other parties ) in class action and product liability lawsuits related to this matter .as of december 31 , 2015 , delphi was not named as a defendant in any class action complaints .although no assurances can be made as to the ultimate outcome of these or any other future claims , delphi does not believe a loss is probable and , accordingly , no reserve has been made as of december 31 , 2015 .unsecured creditors litigation the fourth amended and restated limited liability partnership agreement of delphi automotive llp ( the 201cfourth llp agreement 201d ) was entered into on july 12 , 2011 by the members of delphi automotive llp in order to position the company for its initial public offering .under the terms of the fourth llp agreement , if cumulative distributions to the members of delphi automotive llp under certain provisions of the fourth llp agreement exceed $ 7.2 billion , delphi , as disbursing agent on behalf of dphh , is required to pay to the holders of allowed general unsecured claims against dphh $ 32.50 for every $ 67.50 in excess of $ 7.2 billion distributed to the members , up to a maximum amount of $ 300 million .in december 2014 , a complaint was filed in the bankruptcy court alleging that the redemption by delphi automotive llp of the membership interests of gm and the pbgc , and the repurchase of shares and payment of dividends by delphi automotive plc , constituted distributions under the terms of the fourth llp agreement approximating $ 7.2 billion .delphi considers cumulative .
Question: what portion of the total facilities are in europe middle east& africa?
| convfinqa2300 |
table of contents item 1b .unresolved staff comments we have no unresolved sec staff comments to report .item 2 .properties as of december 31 , 2015 , we owned or leased 126 major manufacturing sites and 14 major technical centers .a manufacturing site may include multiple plants and may be wholly or partially owned or leased .we also have many smaller manufacturing sites , sales offices , warehouses , engineering centers , joint ventures and other investments strategically located throughout the world .we have a presence in 44 countries .the following table shows the regional distribution of our major manufacturing sites by the operating segment that uses such facilities : north america europe , middle east & africa asia pacific south america total . | north america | europemiddle east& africa | asia pacific | south america | total
electrical/electronic architecture | 30 | 32 | 25 | 5 | 92
powertrain systems | 4 | 10 | 5 | 2 | 21
electronics and safety | 3 | 7 | 3 | 2014 | 13
total | 37 | 49 | 33 | 7 | 126 in addition to these manufacturing sites , we had 14 major technical centers : four in north america ; five in europe , middle east and africa ; four in asia pacific ; and one in south america .of our 126 major manufacturing sites and 14 major technical centers , which include facilities owned or leased by our consolidated subsidiaries , 77 are primarily owned and 63 are primarily leased .we frequently review our real estate portfolio and develop footprint strategies to support our customers 2019 global plans , while at the same time supporting our technical needs and controlling operating expenses .we believe our evolving portfolio will meet current and anticipated future needs .item 3 .legal proceedings we are from time to time subject to various actions , claims , suits , government investigations , and other proceedings incidental to our business , including those arising out of alleged defects , breach of contracts , competition and antitrust matters , product warranties , intellectual property matters , personal injury claims and employment-related matters .it is our opinion that the outcome of such matters will not have a material adverse impact on our consolidated financial position , results of operations , or cash flows .with respect to warranty matters , although we cannot ensure that the future costs of warranty claims by customers will not be material , we believe our established reserves are adequate to cover potential warranty settlements .however , the final amounts required to resolve these matters could differ materially from our recorded estimates .gm ignition switch recall in the first quarter of 2014 , gm , delphi 2019s largest customer , initiated a product recall related to ignition switches .delphi received requests for information from , and cooperated with , various government agencies related to this ignition switch recall .in addition , delphi was initially named as a co-defendant along with gm ( and in certain cases other parties ) in class action and product liability lawsuits related to this matter .as of december 31 , 2015 , delphi was not named as a defendant in any class action complaints .although no assurances can be made as to the ultimate outcome of these or any other future claims , delphi does not believe a loss is probable and , accordingly , no reserve has been made as of december 31 , 2015 .unsecured creditors litigation the fourth amended and restated limited liability partnership agreement of delphi automotive llp ( the 201cfourth llp agreement 201d ) was entered into on july 12 , 2011 by the members of delphi automotive llp in order to position the company for its initial public offering .under the terms of the fourth llp agreement , if cumulative distributions to the members of delphi automotive llp under certain provisions of the fourth llp agreement exceed $ 7.2 billion , delphi , as disbursing agent on behalf of dphh , is required to pay to the holders of allowed general unsecured claims against dphh $ 32.50 for every $ 67.50 in excess of $ 7.2 billion distributed to the members , up to a maximum amount of $ 300 million .in december 2014 , a complaint was filed in the bankruptcy court alleging that the redemption by delphi automotive llp of the membership interests of gm and the pbgc , and the repurchase of shares and payment of dividends by delphi automotive plc , constituted distributions under the terms of the fourth llp agreement approximating $ 7.2 billion .delphi considers cumulative .
Question: what portion of the total facilities are in europe middle east& africa?
Steps: divide(49, 126)
Answer: 0.38889
Question: what about in asia pacific?
| 0.2619 | Read the following texts and table with financial data from an S&P 500 earnings report 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 item 1b .unresolved staff comments we have no unresolved sec staff comments to report .item 2 .properties as of december 31 , 2015 , we owned or leased 126 major manufacturing sites and 14 major technical centers .a manufacturing site may include multiple plants and may be wholly or partially owned or leased .we also have many smaller manufacturing sites , sales offices , warehouses , engineering centers , joint ventures and other investments strategically located throughout the world .we have a presence in 44 countries .the following table shows the regional distribution of our major manufacturing sites by the operating segment that uses such facilities : north america europe , middle east & africa asia pacific south america total . | north america | europemiddle east& africa | asia pacific | south america | total
electrical/electronic architecture | 30 | 32 | 25 | 5 | 92
powertrain systems | 4 | 10 | 5 | 2 | 21
electronics and safety | 3 | 7 | 3 | 2014 | 13
total | 37 | 49 | 33 | 7 | 126 in addition to these manufacturing sites , we had 14 major technical centers : four in north america ; five in europe , middle east and africa ; four in asia pacific ; and one in south america .of our 126 major manufacturing sites and 14 major technical centers , which include facilities owned or leased by our consolidated subsidiaries , 77 are primarily owned and 63 are primarily leased .we frequently review our real estate portfolio and develop footprint strategies to support our customers 2019 global plans , while at the same time supporting our technical needs and controlling operating expenses .we believe our evolving portfolio will meet current and anticipated future needs .item 3 .legal proceedings we are from time to time subject to various actions , claims , suits , government investigations , and other proceedings incidental to our business , including those arising out of alleged defects , breach of contracts , competition and antitrust matters , product warranties , intellectual property matters , personal injury claims and employment-related matters .it is our opinion that the outcome of such matters will not have a material adverse impact on our consolidated financial position , results of operations , or cash flows .with respect to warranty matters , although we cannot ensure that the future costs of warranty claims by customers will not be material , we believe our established reserves are adequate to cover potential warranty settlements .however , the final amounts required to resolve these matters could differ materially from our recorded estimates .gm ignition switch recall in the first quarter of 2014 , gm , delphi 2019s largest customer , initiated a product recall related to ignition switches .delphi received requests for information from , and cooperated with , various government agencies related to this ignition switch recall .in addition , delphi was initially named as a co-defendant along with gm ( and in certain cases other parties ) in class action and product liability lawsuits related to this matter .as of december 31 , 2015 , delphi was not named as a defendant in any class action complaints .although no assurances can be made as to the ultimate outcome of these or any other future claims , delphi does not believe a loss is probable and , accordingly , no reserve has been made as of december 31 , 2015 .unsecured creditors litigation the fourth amended and restated limited liability partnership agreement of delphi automotive llp ( the 201cfourth llp agreement 201d ) was entered into on july 12 , 2011 by the members of delphi automotive llp in order to position the company for its initial public offering .under the terms of the fourth llp agreement , if cumulative distributions to the members of delphi automotive llp under certain provisions of the fourth llp agreement exceed $ 7.2 billion , delphi , as disbursing agent on behalf of dphh , is required to pay to the holders of allowed general unsecured claims against dphh $ 32.50 for every $ 67.50 in excess of $ 7.2 billion distributed to the members , up to a maximum amount of $ 300 million .in december 2014 , a complaint was filed in the bankruptcy court alleging that the redemption by delphi automotive llp of the membership interests of gm and the pbgc , and the repurchase of shares and payment of dividends by delphi automotive plc , constituted distributions under the terms of the fourth llp agreement approximating $ 7.2 billion .delphi considers cumulative .
Question: what portion of the total facilities are in europe middle east& africa?
Steps: divide(49, 126)
Answer: 0.38889
Question: what about in asia pacific?
| convfinqa2301 |
compared with $ 6.2 billion in 2013 .operating profits in 2015 were significantly higher than in both 2014 and 2013 .excluding facility closure costs , impairment costs and other special items , operating profits in 2015 were 3% ( 3 % ) lower than in 2014 and 4% ( 4 % ) higher than in 2013 .benefits from lower input costs ( $ 18 million ) , lower costs associated with the closure of our courtland , alabama mill ( $ 44 million ) and favorable foreign exchange ( $ 33 million ) were offset by lower average sales price realizations and mix ( $ 52 million ) , lower sales volumes ( $ 16 million ) , higher operating costs ( $ 18 million ) and higher planned maintenance downtime costs ( $ 26 million ) .in addition , operating profits in 2014 include special items costs of $ 554 million associated with the closure of our courtland , alabama mill .during 2013 , the company accelerated depreciation for certain courtland assets , and evaluated certain other assets for possible alternative uses by one of our other businesses .the net book value of these assets at december 31 , 2013 was approximately $ 470 million .in the first quarter of 2014 , we completed our evaluation and concluded that there were no alternative uses for these assets .we recognized approximately $ 464 million of accelerated depreciation related to these assets in 2014 .operating profits in 2014 also include a charge of $ 32 million associated with a foreign tax amnesty program , and a gain of $ 20 million for the resolution of a legal contingency in india , while operating profits in 2013 included costs of $ 118 million associated with the announced closure of our courtland , alabama mill and a $ 123 million impairment charge associated with goodwill and a trade name intangible asset in our india papers business .printing papers . in millions | 2015 | 2014 | 2013
sales | $ 5031 | $ 5720 | $ 6205
operating profit ( loss ) | 533 | -16 ( 16 ) | 271 north american printing papers net sales were $ 1.9 billion in 2015 , $ 2.1 billion in 2014 and $ 2.6 billion in 2013 .operating profits in 2015 were $ 179 million compared with a loss of $ 398 million ( a gain of $ 156 million excluding costs associated with the shutdown of our courtland , alabama mill ) in 2014 and a gain of $ 36 million ( $ 154 million excluding costs associated with the courtland mill shutdown ) in 2013 .sales volumes in 2015 decreased compared with 2014 primarily due to the closure of our courtland mill in 2014 .shipments to the domestic market increased , but export shipments declined .average sales price realizations decreased , primarily in the domestic market .input costs were lower , mainly for energy .planned maintenance downtime costs were $ 12 million higher in 2015 .operating profits in 2014 were negatively impacted by costs associated with the shutdown of our courtland , alabama mill .entering the first quarter of 2016 , sales volumes are expected to be up slightly compared with the fourth quarter of 2015 .average sales margins should be about flat reflecting lower average sales price realizations offset by a more favorable product mix .input costs are expected to be stable .planned maintenance downtime costs are expected to be about $ 14 million lower with an outage scheduled in the 2016 first quarter at our georgetown mill compared with outages at our eastover and riverdale mills in the 2015 fourth quarter .in january 2015 , the united steelworkers , domtar corporation , packaging corporation of america , finch paper llc and p .h .glatfelter company ( the petitioners ) filed an anti-dumping petition before the united states international trade commission ( itc ) and the united states department of commerce ( doc ) alleging that paper producers in china , indonesia , australia , brazil , and portugal are selling uncoated free sheet paper in sheet form ( the products ) in violation of international trade rules .the petitioners also filed a countervailing-duties petition with these agencies regarding imports of the products from china and indonesia .in january 2016 , the doc announced its final countervailing duty rates on imports of the products to the united states from certain producers from china and indonesia .also , in january 2016 , the doc announced its final anti-dumping duty rates on imports of the products to the united states from certain producers from australia , brazil , china , indonesia and portugal .in february 2016 , the itc concluded its anti- dumping and countervailing duties investigations and made a final determination that the u.s .market had been injured by imports of the products .accordingly , the doc 2019s previously announced countervailing duty rates and anti-dumping duty rates will be in effect for a minimum of five years .we do not believe the impact of these rates will have a material , adverse effect on our consolidated financial statements .brazilian papers net sales for 2015 were $ 878 million compared with $ 1.1 billion in 2014 and $ 1.1 billion in 2013 .operating profits for 2015 were $ 186 million compared with $ 177 million ( $ 209 million excluding costs associated with a tax amnesty program ) in 2014 and $ 210 million in 2013 .sales volumes in 2015 were lower compared with 2014 reflecting weak economic conditions and the absence of 2014 one-time events .average sales price realizations improved for domestic uncoated freesheet paper due to the realization of price increases implemented in the second half of 2015 .margins were unfavorably affected by an increased proportion of sales to the lower-margin export markets .raw material costs increased for energy and wood .operating costs were higher than in 2014 , while planned maintenance downtime costs were $ 4 million lower. .
Question: what were operating profits in 2015?
| 186.0 | 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.
compared with $ 6.2 billion in 2013 .operating profits in 2015 were significantly higher than in both 2014 and 2013 .excluding facility closure costs , impairment costs and other special items , operating profits in 2015 were 3% ( 3 % ) lower than in 2014 and 4% ( 4 % ) higher than in 2013 .benefits from lower input costs ( $ 18 million ) , lower costs associated with the closure of our courtland , alabama mill ( $ 44 million ) and favorable foreign exchange ( $ 33 million ) were offset by lower average sales price realizations and mix ( $ 52 million ) , lower sales volumes ( $ 16 million ) , higher operating costs ( $ 18 million ) and higher planned maintenance downtime costs ( $ 26 million ) .in addition , operating profits in 2014 include special items costs of $ 554 million associated with the closure of our courtland , alabama mill .during 2013 , the company accelerated depreciation for certain courtland assets , and evaluated certain other assets for possible alternative uses by one of our other businesses .the net book value of these assets at december 31 , 2013 was approximately $ 470 million .in the first quarter of 2014 , we completed our evaluation and concluded that there were no alternative uses for these assets .we recognized approximately $ 464 million of accelerated depreciation related to these assets in 2014 .operating profits in 2014 also include a charge of $ 32 million associated with a foreign tax amnesty program , and a gain of $ 20 million for the resolution of a legal contingency in india , while operating profits in 2013 included costs of $ 118 million associated with the announced closure of our courtland , alabama mill and a $ 123 million impairment charge associated with goodwill and a trade name intangible asset in our india papers business .printing papers . in millions | 2015 | 2014 | 2013
sales | $ 5031 | $ 5720 | $ 6205
operating profit ( loss ) | 533 | -16 ( 16 ) | 271 north american printing papers net sales were $ 1.9 billion in 2015 , $ 2.1 billion in 2014 and $ 2.6 billion in 2013 .operating profits in 2015 were $ 179 million compared with a loss of $ 398 million ( a gain of $ 156 million excluding costs associated with the shutdown of our courtland , alabama mill ) in 2014 and a gain of $ 36 million ( $ 154 million excluding costs associated with the courtland mill shutdown ) in 2013 .sales volumes in 2015 decreased compared with 2014 primarily due to the closure of our courtland mill in 2014 .shipments to the domestic market increased , but export shipments declined .average sales price realizations decreased , primarily in the domestic market .input costs were lower , mainly for energy .planned maintenance downtime costs were $ 12 million higher in 2015 .operating profits in 2014 were negatively impacted by costs associated with the shutdown of our courtland , alabama mill .entering the first quarter of 2016 , sales volumes are expected to be up slightly compared with the fourth quarter of 2015 .average sales margins should be about flat reflecting lower average sales price realizations offset by a more favorable product mix .input costs are expected to be stable .planned maintenance downtime costs are expected to be about $ 14 million lower with an outage scheduled in the 2016 first quarter at our georgetown mill compared with outages at our eastover and riverdale mills in the 2015 fourth quarter .in january 2015 , the united steelworkers , domtar corporation , packaging corporation of america , finch paper llc and p .h .glatfelter company ( the petitioners ) filed an anti-dumping petition before the united states international trade commission ( itc ) and the united states department of commerce ( doc ) alleging that paper producers in china , indonesia , australia , brazil , and portugal are selling uncoated free sheet paper in sheet form ( the products ) in violation of international trade rules .the petitioners also filed a countervailing-duties petition with these agencies regarding imports of the products from china and indonesia .in january 2016 , the doc announced its final countervailing duty rates on imports of the products to the united states from certain producers from china and indonesia .also , in january 2016 , the doc announced its final anti-dumping duty rates on imports of the products to the united states from certain producers from australia , brazil , china , indonesia and portugal .in february 2016 , the itc concluded its anti- dumping and countervailing duties investigations and made a final determination that the u.s .market had been injured by imports of the products .accordingly , the doc 2019s previously announced countervailing duty rates and anti-dumping duty rates will be in effect for a minimum of five years .we do not believe the impact of these rates will have a material , adverse effect on our consolidated financial statements .brazilian papers net sales for 2015 were $ 878 million compared with $ 1.1 billion in 2014 and $ 1.1 billion in 2013 .operating profits for 2015 were $ 186 million compared with $ 177 million ( $ 209 million excluding costs associated with a tax amnesty program ) in 2014 and $ 210 million in 2013 .sales volumes in 2015 were lower compared with 2014 reflecting weak economic conditions and the absence of 2014 one-time events .average sales price realizations improved for domestic uncoated freesheet paper due to the realization of price increases implemented in the second half of 2015 .margins were unfavorably affected by an increased proportion of sales to the lower-margin export markets .raw material costs increased for energy and wood .operating costs were higher than in 2014 , while planned maintenance downtime costs were $ 4 million lower. .
Question: what were operating profits in 2015?
| convfinqa2302 |
compared with $ 6.2 billion in 2013 .operating profits in 2015 were significantly higher than in both 2014 and 2013 .excluding facility closure costs , impairment costs and other special items , operating profits in 2015 were 3% ( 3 % ) lower than in 2014 and 4% ( 4 % ) higher than in 2013 .benefits from lower input costs ( $ 18 million ) , lower costs associated with the closure of our courtland , alabama mill ( $ 44 million ) and favorable foreign exchange ( $ 33 million ) were offset by lower average sales price realizations and mix ( $ 52 million ) , lower sales volumes ( $ 16 million ) , higher operating costs ( $ 18 million ) and higher planned maintenance downtime costs ( $ 26 million ) .in addition , operating profits in 2014 include special items costs of $ 554 million associated with the closure of our courtland , alabama mill .during 2013 , the company accelerated depreciation for certain courtland assets , and evaluated certain other assets for possible alternative uses by one of our other businesses .the net book value of these assets at december 31 , 2013 was approximately $ 470 million .in the first quarter of 2014 , we completed our evaluation and concluded that there were no alternative uses for these assets .we recognized approximately $ 464 million of accelerated depreciation related to these assets in 2014 .operating profits in 2014 also include a charge of $ 32 million associated with a foreign tax amnesty program , and a gain of $ 20 million for the resolution of a legal contingency in india , while operating profits in 2013 included costs of $ 118 million associated with the announced closure of our courtland , alabama mill and a $ 123 million impairment charge associated with goodwill and a trade name intangible asset in our india papers business .printing papers . in millions | 2015 | 2014 | 2013
sales | $ 5031 | $ 5720 | $ 6205
operating profit ( loss ) | 533 | -16 ( 16 ) | 271 north american printing papers net sales were $ 1.9 billion in 2015 , $ 2.1 billion in 2014 and $ 2.6 billion in 2013 .operating profits in 2015 were $ 179 million compared with a loss of $ 398 million ( a gain of $ 156 million excluding costs associated with the shutdown of our courtland , alabama mill ) in 2014 and a gain of $ 36 million ( $ 154 million excluding costs associated with the courtland mill shutdown ) in 2013 .sales volumes in 2015 decreased compared with 2014 primarily due to the closure of our courtland mill in 2014 .shipments to the domestic market increased , but export shipments declined .average sales price realizations decreased , primarily in the domestic market .input costs were lower , mainly for energy .planned maintenance downtime costs were $ 12 million higher in 2015 .operating profits in 2014 were negatively impacted by costs associated with the shutdown of our courtland , alabama mill .entering the first quarter of 2016 , sales volumes are expected to be up slightly compared with the fourth quarter of 2015 .average sales margins should be about flat reflecting lower average sales price realizations offset by a more favorable product mix .input costs are expected to be stable .planned maintenance downtime costs are expected to be about $ 14 million lower with an outage scheduled in the 2016 first quarter at our georgetown mill compared with outages at our eastover and riverdale mills in the 2015 fourth quarter .in january 2015 , the united steelworkers , domtar corporation , packaging corporation of america , finch paper llc and p .h .glatfelter company ( the petitioners ) filed an anti-dumping petition before the united states international trade commission ( itc ) and the united states department of commerce ( doc ) alleging that paper producers in china , indonesia , australia , brazil , and portugal are selling uncoated free sheet paper in sheet form ( the products ) in violation of international trade rules .the petitioners also filed a countervailing-duties petition with these agencies regarding imports of the products from china and indonesia .in january 2016 , the doc announced its final countervailing duty rates on imports of the products to the united states from certain producers from china and indonesia .also , in january 2016 , the doc announced its final anti-dumping duty rates on imports of the products to the united states from certain producers from australia , brazil , china , indonesia and portugal .in february 2016 , the itc concluded its anti- dumping and countervailing duties investigations and made a final determination that the u.s .market had been injured by imports of the products .accordingly , the doc 2019s previously announced countervailing duty rates and anti-dumping duty rates will be in effect for a minimum of five years .we do not believe the impact of these rates will have a material , adverse effect on our consolidated financial statements .brazilian papers net sales for 2015 were $ 878 million compared with $ 1.1 billion in 2014 and $ 1.1 billion in 2013 .operating profits for 2015 were $ 186 million compared with $ 177 million ( $ 209 million excluding costs associated with a tax amnesty program ) in 2014 and $ 210 million in 2013 .sales volumes in 2015 were lower compared with 2014 reflecting weak economic conditions and the absence of 2014 one-time events .average sales price realizations improved for domestic uncoated freesheet paper due to the realization of price increases implemented in the second half of 2015 .margins were unfavorably affected by an increased proportion of sales to the lower-margin export markets .raw material costs increased for energy and wood .operating costs were higher than in 2014 , while planned maintenance downtime costs were $ 4 million lower. .
Question: what were operating profits in 2015?
Steps: Ask for number 186
Answer: 186.0
Question: what were they in 2014?
| 177.0 | 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.
compared with $ 6.2 billion in 2013 .operating profits in 2015 were significantly higher than in both 2014 and 2013 .excluding facility closure costs , impairment costs and other special items , operating profits in 2015 were 3% ( 3 % ) lower than in 2014 and 4% ( 4 % ) higher than in 2013 .benefits from lower input costs ( $ 18 million ) , lower costs associated with the closure of our courtland , alabama mill ( $ 44 million ) and favorable foreign exchange ( $ 33 million ) were offset by lower average sales price realizations and mix ( $ 52 million ) , lower sales volumes ( $ 16 million ) , higher operating costs ( $ 18 million ) and higher planned maintenance downtime costs ( $ 26 million ) .in addition , operating profits in 2014 include special items costs of $ 554 million associated with the closure of our courtland , alabama mill .during 2013 , the company accelerated depreciation for certain courtland assets , and evaluated certain other assets for possible alternative uses by one of our other businesses .the net book value of these assets at december 31 , 2013 was approximately $ 470 million .in the first quarter of 2014 , we completed our evaluation and concluded that there were no alternative uses for these assets .we recognized approximately $ 464 million of accelerated depreciation related to these assets in 2014 .operating profits in 2014 also include a charge of $ 32 million associated with a foreign tax amnesty program , and a gain of $ 20 million for the resolution of a legal contingency in india , while operating profits in 2013 included costs of $ 118 million associated with the announced closure of our courtland , alabama mill and a $ 123 million impairment charge associated with goodwill and a trade name intangible asset in our india papers business .printing papers . in millions | 2015 | 2014 | 2013
sales | $ 5031 | $ 5720 | $ 6205
operating profit ( loss ) | 533 | -16 ( 16 ) | 271 north american printing papers net sales were $ 1.9 billion in 2015 , $ 2.1 billion in 2014 and $ 2.6 billion in 2013 .operating profits in 2015 were $ 179 million compared with a loss of $ 398 million ( a gain of $ 156 million excluding costs associated with the shutdown of our courtland , alabama mill ) in 2014 and a gain of $ 36 million ( $ 154 million excluding costs associated with the courtland mill shutdown ) in 2013 .sales volumes in 2015 decreased compared with 2014 primarily due to the closure of our courtland mill in 2014 .shipments to the domestic market increased , but export shipments declined .average sales price realizations decreased , primarily in the domestic market .input costs were lower , mainly for energy .planned maintenance downtime costs were $ 12 million higher in 2015 .operating profits in 2014 were negatively impacted by costs associated with the shutdown of our courtland , alabama mill .entering the first quarter of 2016 , sales volumes are expected to be up slightly compared with the fourth quarter of 2015 .average sales margins should be about flat reflecting lower average sales price realizations offset by a more favorable product mix .input costs are expected to be stable .planned maintenance downtime costs are expected to be about $ 14 million lower with an outage scheduled in the 2016 first quarter at our georgetown mill compared with outages at our eastover and riverdale mills in the 2015 fourth quarter .in january 2015 , the united steelworkers , domtar corporation , packaging corporation of america , finch paper llc and p .h .glatfelter company ( the petitioners ) filed an anti-dumping petition before the united states international trade commission ( itc ) and the united states department of commerce ( doc ) alleging that paper producers in china , indonesia , australia , brazil , and portugal are selling uncoated free sheet paper in sheet form ( the products ) in violation of international trade rules .the petitioners also filed a countervailing-duties petition with these agencies regarding imports of the products from china and indonesia .in january 2016 , the doc announced its final countervailing duty rates on imports of the products to the united states from certain producers from china and indonesia .also , in january 2016 , the doc announced its final anti-dumping duty rates on imports of the products to the united states from certain producers from australia , brazil , china , indonesia and portugal .in february 2016 , the itc concluded its anti- dumping and countervailing duties investigations and made a final determination that the u.s .market had been injured by imports of the products .accordingly , the doc 2019s previously announced countervailing duty rates and anti-dumping duty rates will be in effect for a minimum of five years .we do not believe the impact of these rates will have a material , adverse effect on our consolidated financial statements .brazilian papers net sales for 2015 were $ 878 million compared with $ 1.1 billion in 2014 and $ 1.1 billion in 2013 .operating profits for 2015 were $ 186 million compared with $ 177 million ( $ 209 million excluding costs associated with a tax amnesty program ) in 2014 and $ 210 million in 2013 .sales volumes in 2015 were lower compared with 2014 reflecting weak economic conditions and the absence of 2014 one-time events .average sales price realizations improved for domestic uncoated freesheet paper due to the realization of price increases implemented in the second half of 2015 .margins were unfavorably affected by an increased proportion of sales to the lower-margin export markets .raw material costs increased for energy and wood .operating costs were higher than in 2014 , while planned maintenance downtime costs were $ 4 million lower. .
Question: what were operating profits in 2015?
Steps: Ask for number 186
Answer: 186.0
Question: what were they in 2014?
| convfinqa2303 |
compared with $ 6.2 billion in 2013 .operating profits in 2015 were significantly higher than in both 2014 and 2013 .excluding facility closure costs , impairment costs and other special items , operating profits in 2015 were 3% ( 3 % ) lower than in 2014 and 4% ( 4 % ) higher than in 2013 .benefits from lower input costs ( $ 18 million ) , lower costs associated with the closure of our courtland , alabama mill ( $ 44 million ) and favorable foreign exchange ( $ 33 million ) were offset by lower average sales price realizations and mix ( $ 52 million ) , lower sales volumes ( $ 16 million ) , higher operating costs ( $ 18 million ) and higher planned maintenance downtime costs ( $ 26 million ) .in addition , operating profits in 2014 include special items costs of $ 554 million associated with the closure of our courtland , alabama mill .during 2013 , the company accelerated depreciation for certain courtland assets , and evaluated certain other assets for possible alternative uses by one of our other businesses .the net book value of these assets at december 31 , 2013 was approximately $ 470 million .in the first quarter of 2014 , we completed our evaluation and concluded that there were no alternative uses for these assets .we recognized approximately $ 464 million of accelerated depreciation related to these assets in 2014 .operating profits in 2014 also include a charge of $ 32 million associated with a foreign tax amnesty program , and a gain of $ 20 million for the resolution of a legal contingency in india , while operating profits in 2013 included costs of $ 118 million associated with the announced closure of our courtland , alabama mill and a $ 123 million impairment charge associated with goodwill and a trade name intangible asset in our india papers business .printing papers . in millions | 2015 | 2014 | 2013
sales | $ 5031 | $ 5720 | $ 6205
operating profit ( loss ) | 533 | -16 ( 16 ) | 271 north american printing papers net sales were $ 1.9 billion in 2015 , $ 2.1 billion in 2014 and $ 2.6 billion in 2013 .operating profits in 2015 were $ 179 million compared with a loss of $ 398 million ( a gain of $ 156 million excluding costs associated with the shutdown of our courtland , alabama mill ) in 2014 and a gain of $ 36 million ( $ 154 million excluding costs associated with the courtland mill shutdown ) in 2013 .sales volumes in 2015 decreased compared with 2014 primarily due to the closure of our courtland mill in 2014 .shipments to the domestic market increased , but export shipments declined .average sales price realizations decreased , primarily in the domestic market .input costs were lower , mainly for energy .planned maintenance downtime costs were $ 12 million higher in 2015 .operating profits in 2014 were negatively impacted by costs associated with the shutdown of our courtland , alabama mill .entering the first quarter of 2016 , sales volumes are expected to be up slightly compared with the fourth quarter of 2015 .average sales margins should be about flat reflecting lower average sales price realizations offset by a more favorable product mix .input costs are expected to be stable .planned maintenance downtime costs are expected to be about $ 14 million lower with an outage scheduled in the 2016 first quarter at our georgetown mill compared with outages at our eastover and riverdale mills in the 2015 fourth quarter .in january 2015 , the united steelworkers , domtar corporation , packaging corporation of america , finch paper llc and p .h .glatfelter company ( the petitioners ) filed an anti-dumping petition before the united states international trade commission ( itc ) and the united states department of commerce ( doc ) alleging that paper producers in china , indonesia , australia , brazil , and portugal are selling uncoated free sheet paper in sheet form ( the products ) in violation of international trade rules .the petitioners also filed a countervailing-duties petition with these agencies regarding imports of the products from china and indonesia .in january 2016 , the doc announced its final countervailing duty rates on imports of the products to the united states from certain producers from china and indonesia .also , in january 2016 , the doc announced its final anti-dumping duty rates on imports of the products to the united states from certain producers from australia , brazil , china , indonesia and portugal .in february 2016 , the itc concluded its anti- dumping and countervailing duties investigations and made a final determination that the u.s .market had been injured by imports of the products .accordingly , the doc 2019s previously announced countervailing duty rates and anti-dumping duty rates will be in effect for a minimum of five years .we do not believe the impact of these rates will have a material , adverse effect on our consolidated financial statements .brazilian papers net sales for 2015 were $ 878 million compared with $ 1.1 billion in 2014 and $ 1.1 billion in 2013 .operating profits for 2015 were $ 186 million compared with $ 177 million ( $ 209 million excluding costs associated with a tax amnesty program ) in 2014 and $ 210 million in 2013 .sales volumes in 2015 were lower compared with 2014 reflecting weak economic conditions and the absence of 2014 one-time events .average sales price realizations improved for domestic uncoated freesheet paper due to the realization of price increases implemented in the second half of 2015 .margins were unfavorably affected by an increased proportion of sales to the lower-margin export markets .raw material costs increased for energy and wood .operating costs were higher than in 2014 , while planned maintenance downtime costs were $ 4 million lower. .
Question: what were operating profits in 2015?
Steps: Ask for number 186
Answer: 186.0
Question: what were they in 2014?
Steps: Ask for number 177
Answer: 177.0
Question: what is the net change?
| 9.0 | 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.
compared with $ 6.2 billion in 2013 .operating profits in 2015 were significantly higher than in both 2014 and 2013 .excluding facility closure costs , impairment costs and other special items , operating profits in 2015 were 3% ( 3 % ) lower than in 2014 and 4% ( 4 % ) higher than in 2013 .benefits from lower input costs ( $ 18 million ) , lower costs associated with the closure of our courtland , alabama mill ( $ 44 million ) and favorable foreign exchange ( $ 33 million ) were offset by lower average sales price realizations and mix ( $ 52 million ) , lower sales volumes ( $ 16 million ) , higher operating costs ( $ 18 million ) and higher planned maintenance downtime costs ( $ 26 million ) .in addition , operating profits in 2014 include special items costs of $ 554 million associated with the closure of our courtland , alabama mill .during 2013 , the company accelerated depreciation for certain courtland assets , and evaluated certain other assets for possible alternative uses by one of our other businesses .the net book value of these assets at december 31 , 2013 was approximately $ 470 million .in the first quarter of 2014 , we completed our evaluation and concluded that there were no alternative uses for these assets .we recognized approximately $ 464 million of accelerated depreciation related to these assets in 2014 .operating profits in 2014 also include a charge of $ 32 million associated with a foreign tax amnesty program , and a gain of $ 20 million for the resolution of a legal contingency in india , while operating profits in 2013 included costs of $ 118 million associated with the announced closure of our courtland , alabama mill and a $ 123 million impairment charge associated with goodwill and a trade name intangible asset in our india papers business .printing papers . in millions | 2015 | 2014 | 2013
sales | $ 5031 | $ 5720 | $ 6205
operating profit ( loss ) | 533 | -16 ( 16 ) | 271 north american printing papers net sales were $ 1.9 billion in 2015 , $ 2.1 billion in 2014 and $ 2.6 billion in 2013 .operating profits in 2015 were $ 179 million compared with a loss of $ 398 million ( a gain of $ 156 million excluding costs associated with the shutdown of our courtland , alabama mill ) in 2014 and a gain of $ 36 million ( $ 154 million excluding costs associated with the courtland mill shutdown ) in 2013 .sales volumes in 2015 decreased compared with 2014 primarily due to the closure of our courtland mill in 2014 .shipments to the domestic market increased , but export shipments declined .average sales price realizations decreased , primarily in the domestic market .input costs were lower , mainly for energy .planned maintenance downtime costs were $ 12 million higher in 2015 .operating profits in 2014 were negatively impacted by costs associated with the shutdown of our courtland , alabama mill .entering the first quarter of 2016 , sales volumes are expected to be up slightly compared with the fourth quarter of 2015 .average sales margins should be about flat reflecting lower average sales price realizations offset by a more favorable product mix .input costs are expected to be stable .planned maintenance downtime costs are expected to be about $ 14 million lower with an outage scheduled in the 2016 first quarter at our georgetown mill compared with outages at our eastover and riverdale mills in the 2015 fourth quarter .in january 2015 , the united steelworkers , domtar corporation , packaging corporation of america , finch paper llc and p .h .glatfelter company ( the petitioners ) filed an anti-dumping petition before the united states international trade commission ( itc ) and the united states department of commerce ( doc ) alleging that paper producers in china , indonesia , australia , brazil , and portugal are selling uncoated free sheet paper in sheet form ( the products ) in violation of international trade rules .the petitioners also filed a countervailing-duties petition with these agencies regarding imports of the products from china and indonesia .in january 2016 , the doc announced its final countervailing duty rates on imports of the products to the united states from certain producers from china and indonesia .also , in january 2016 , the doc announced its final anti-dumping duty rates on imports of the products to the united states from certain producers from australia , brazil , china , indonesia and portugal .in february 2016 , the itc concluded its anti- dumping and countervailing duties investigations and made a final determination that the u.s .market had been injured by imports of the products .accordingly , the doc 2019s previously announced countervailing duty rates and anti-dumping duty rates will be in effect for a minimum of five years .we do not believe the impact of these rates will have a material , adverse effect on our consolidated financial statements .brazilian papers net sales for 2015 were $ 878 million compared with $ 1.1 billion in 2014 and $ 1.1 billion in 2013 .operating profits for 2015 were $ 186 million compared with $ 177 million ( $ 209 million excluding costs associated with a tax amnesty program ) in 2014 and $ 210 million in 2013 .sales volumes in 2015 were lower compared with 2014 reflecting weak economic conditions and the absence of 2014 one-time events .average sales price realizations improved for domestic uncoated freesheet paper due to the realization of price increases implemented in the second half of 2015 .margins were unfavorably affected by an increased proportion of sales to the lower-margin export markets .raw material costs increased for energy and wood .operating costs were higher than in 2014 , while planned maintenance downtime costs were $ 4 million lower. .
Question: what were operating profits in 2015?
Steps: Ask for number 186
Answer: 186.0
Question: what were they in 2014?
Steps: Ask for number 177
Answer: 177.0
Question: what is the net change?
| convfinqa2304 |
compared with $ 6.2 billion in 2013 .operating profits in 2015 were significantly higher than in both 2014 and 2013 .excluding facility closure costs , impairment costs and other special items , operating profits in 2015 were 3% ( 3 % ) lower than in 2014 and 4% ( 4 % ) higher than in 2013 .benefits from lower input costs ( $ 18 million ) , lower costs associated with the closure of our courtland , alabama mill ( $ 44 million ) and favorable foreign exchange ( $ 33 million ) were offset by lower average sales price realizations and mix ( $ 52 million ) , lower sales volumes ( $ 16 million ) , higher operating costs ( $ 18 million ) and higher planned maintenance downtime costs ( $ 26 million ) .in addition , operating profits in 2014 include special items costs of $ 554 million associated with the closure of our courtland , alabama mill .during 2013 , the company accelerated depreciation for certain courtland assets , and evaluated certain other assets for possible alternative uses by one of our other businesses .the net book value of these assets at december 31 , 2013 was approximately $ 470 million .in the first quarter of 2014 , we completed our evaluation and concluded that there were no alternative uses for these assets .we recognized approximately $ 464 million of accelerated depreciation related to these assets in 2014 .operating profits in 2014 also include a charge of $ 32 million associated with a foreign tax amnesty program , and a gain of $ 20 million for the resolution of a legal contingency in india , while operating profits in 2013 included costs of $ 118 million associated with the announced closure of our courtland , alabama mill and a $ 123 million impairment charge associated with goodwill and a trade name intangible asset in our india papers business .printing papers . in millions | 2015 | 2014 | 2013
sales | $ 5031 | $ 5720 | $ 6205
operating profit ( loss ) | 533 | -16 ( 16 ) | 271 north american printing papers net sales were $ 1.9 billion in 2015 , $ 2.1 billion in 2014 and $ 2.6 billion in 2013 .operating profits in 2015 were $ 179 million compared with a loss of $ 398 million ( a gain of $ 156 million excluding costs associated with the shutdown of our courtland , alabama mill ) in 2014 and a gain of $ 36 million ( $ 154 million excluding costs associated with the courtland mill shutdown ) in 2013 .sales volumes in 2015 decreased compared with 2014 primarily due to the closure of our courtland mill in 2014 .shipments to the domestic market increased , but export shipments declined .average sales price realizations decreased , primarily in the domestic market .input costs were lower , mainly for energy .planned maintenance downtime costs were $ 12 million higher in 2015 .operating profits in 2014 were negatively impacted by costs associated with the shutdown of our courtland , alabama mill .entering the first quarter of 2016 , sales volumes are expected to be up slightly compared with the fourth quarter of 2015 .average sales margins should be about flat reflecting lower average sales price realizations offset by a more favorable product mix .input costs are expected to be stable .planned maintenance downtime costs are expected to be about $ 14 million lower with an outage scheduled in the 2016 first quarter at our georgetown mill compared with outages at our eastover and riverdale mills in the 2015 fourth quarter .in january 2015 , the united steelworkers , domtar corporation , packaging corporation of america , finch paper llc and p .h .glatfelter company ( the petitioners ) filed an anti-dumping petition before the united states international trade commission ( itc ) and the united states department of commerce ( doc ) alleging that paper producers in china , indonesia , australia , brazil , and portugal are selling uncoated free sheet paper in sheet form ( the products ) in violation of international trade rules .the petitioners also filed a countervailing-duties petition with these agencies regarding imports of the products from china and indonesia .in january 2016 , the doc announced its final countervailing duty rates on imports of the products to the united states from certain producers from china and indonesia .also , in january 2016 , the doc announced its final anti-dumping duty rates on imports of the products to the united states from certain producers from australia , brazil , china , indonesia and portugal .in february 2016 , the itc concluded its anti- dumping and countervailing duties investigations and made a final determination that the u.s .market had been injured by imports of the products .accordingly , the doc 2019s previously announced countervailing duty rates and anti-dumping duty rates will be in effect for a minimum of five years .we do not believe the impact of these rates will have a material , adverse effect on our consolidated financial statements .brazilian papers net sales for 2015 were $ 878 million compared with $ 1.1 billion in 2014 and $ 1.1 billion in 2013 .operating profits for 2015 were $ 186 million compared with $ 177 million ( $ 209 million excluding costs associated with a tax amnesty program ) in 2014 and $ 210 million in 2013 .sales volumes in 2015 were lower compared with 2014 reflecting weak economic conditions and the absence of 2014 one-time events .average sales price realizations improved for domestic uncoated freesheet paper due to the realization of price increases implemented in the second half of 2015 .margins were unfavorably affected by an increased proportion of sales to the lower-margin export markets .raw material costs increased for energy and wood .operating costs were higher than in 2014 , while planned maintenance downtime costs were $ 4 million lower. .
Question: what were operating profits in 2015?
Steps: Ask for number 186
Answer: 186.0
Question: what were they in 2014?
Steps: Ask for number 177
Answer: 177.0
Question: what is the net change?
Steps: subtract(186, 177)
Answer: 9.0
Question: what is the percent change?
| 0.05085 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
compared with $ 6.2 billion in 2013 .operating profits in 2015 were significantly higher than in both 2014 and 2013 .excluding facility closure costs , impairment costs and other special items , operating profits in 2015 were 3% ( 3 % ) lower than in 2014 and 4% ( 4 % ) higher than in 2013 .benefits from lower input costs ( $ 18 million ) , lower costs associated with the closure of our courtland , alabama mill ( $ 44 million ) and favorable foreign exchange ( $ 33 million ) were offset by lower average sales price realizations and mix ( $ 52 million ) , lower sales volumes ( $ 16 million ) , higher operating costs ( $ 18 million ) and higher planned maintenance downtime costs ( $ 26 million ) .in addition , operating profits in 2014 include special items costs of $ 554 million associated with the closure of our courtland , alabama mill .during 2013 , the company accelerated depreciation for certain courtland assets , and evaluated certain other assets for possible alternative uses by one of our other businesses .the net book value of these assets at december 31 , 2013 was approximately $ 470 million .in the first quarter of 2014 , we completed our evaluation and concluded that there were no alternative uses for these assets .we recognized approximately $ 464 million of accelerated depreciation related to these assets in 2014 .operating profits in 2014 also include a charge of $ 32 million associated with a foreign tax amnesty program , and a gain of $ 20 million for the resolution of a legal contingency in india , while operating profits in 2013 included costs of $ 118 million associated with the announced closure of our courtland , alabama mill and a $ 123 million impairment charge associated with goodwill and a trade name intangible asset in our india papers business .printing papers . in millions | 2015 | 2014 | 2013
sales | $ 5031 | $ 5720 | $ 6205
operating profit ( loss ) | 533 | -16 ( 16 ) | 271 north american printing papers net sales were $ 1.9 billion in 2015 , $ 2.1 billion in 2014 and $ 2.6 billion in 2013 .operating profits in 2015 were $ 179 million compared with a loss of $ 398 million ( a gain of $ 156 million excluding costs associated with the shutdown of our courtland , alabama mill ) in 2014 and a gain of $ 36 million ( $ 154 million excluding costs associated with the courtland mill shutdown ) in 2013 .sales volumes in 2015 decreased compared with 2014 primarily due to the closure of our courtland mill in 2014 .shipments to the domestic market increased , but export shipments declined .average sales price realizations decreased , primarily in the domestic market .input costs were lower , mainly for energy .planned maintenance downtime costs were $ 12 million higher in 2015 .operating profits in 2014 were negatively impacted by costs associated with the shutdown of our courtland , alabama mill .entering the first quarter of 2016 , sales volumes are expected to be up slightly compared with the fourth quarter of 2015 .average sales margins should be about flat reflecting lower average sales price realizations offset by a more favorable product mix .input costs are expected to be stable .planned maintenance downtime costs are expected to be about $ 14 million lower with an outage scheduled in the 2016 first quarter at our georgetown mill compared with outages at our eastover and riverdale mills in the 2015 fourth quarter .in january 2015 , the united steelworkers , domtar corporation , packaging corporation of america , finch paper llc and p .h .glatfelter company ( the petitioners ) filed an anti-dumping petition before the united states international trade commission ( itc ) and the united states department of commerce ( doc ) alleging that paper producers in china , indonesia , australia , brazil , and portugal are selling uncoated free sheet paper in sheet form ( the products ) in violation of international trade rules .the petitioners also filed a countervailing-duties petition with these agencies regarding imports of the products from china and indonesia .in january 2016 , the doc announced its final countervailing duty rates on imports of the products to the united states from certain producers from china and indonesia .also , in january 2016 , the doc announced its final anti-dumping duty rates on imports of the products to the united states from certain producers from australia , brazil , china , indonesia and portugal .in february 2016 , the itc concluded its anti- dumping and countervailing duties investigations and made a final determination that the u.s .market had been injured by imports of the products .accordingly , the doc 2019s previously announced countervailing duty rates and anti-dumping duty rates will be in effect for a minimum of five years .we do not believe the impact of these rates will have a material , adverse effect on our consolidated financial statements .brazilian papers net sales for 2015 were $ 878 million compared with $ 1.1 billion in 2014 and $ 1.1 billion in 2013 .operating profits for 2015 were $ 186 million compared with $ 177 million ( $ 209 million excluding costs associated with a tax amnesty program ) in 2014 and $ 210 million in 2013 .sales volumes in 2015 were lower compared with 2014 reflecting weak economic conditions and the absence of 2014 one-time events .average sales price realizations improved for domestic uncoated freesheet paper due to the realization of price increases implemented in the second half of 2015 .margins were unfavorably affected by an increased proportion of sales to the lower-margin export markets .raw material costs increased for energy and wood .operating costs were higher than in 2014 , while planned maintenance downtime costs were $ 4 million lower. .
Question: what were operating profits in 2015?
Steps: Ask for number 186
Answer: 186.0
Question: what were they in 2014?
Steps: Ask for number 177
Answer: 177.0
Question: what is the net change?
Steps: subtract(186, 177)
Answer: 9.0
Question: what is the percent change?
| convfinqa2305 |
f0b7 financial expectations 2013 we are cautious about the economic environment , but , assuming that industrial production grows approximately 3% ( 3 % ) as projected , volume should exceed 2013 levels .even with no volume growth , we expect earnings to exceed 2013 earnings , generated by core pricing gains , on-going network improvements and productivity initiatives .we expect that free cash flow for 2014 will be lower than 2013 as higher cash from operations will be more than offset by additional cash of approximately $ 400 million that will be used to pay income taxes that were previously deferred through bonus depreciation , increased capital spend and higher dividend payments .results of operations operating revenues millions 2013 2012 2011 % ( % ) change 2013 v 2012 % ( % ) change 2012 v 2011 . millions | 2013 | 2012 | 2011 | % ( % ) change 2013 v 2012 | % ( % ) change 2012 v 2011
freight revenues | $ 20684 | $ 19686 | $ 18508 | 5% ( 5 % ) | 6% ( 6 % )
other revenues | 1279 | 1240 | 1049 | 3 | 18
total | $ 21963 | $ 20926 | $ 19557 | 5% ( 5 % ) | 7% ( 7 % ) we generate freight revenues by transporting freight or other materials from our six commodity groups .freight revenues vary with volume ( carloads ) and arc .changes in price , traffic mix and fuel surcharges drive arc .we provide some of our customers with contractual incentives for meeting or exceeding specified cumulative volumes or shipping to and from specific locations , which we record as reductions to freight revenues based on the actual or projected future shipments .we recognize freight revenues as shipments move from origin to destination .we allocate freight revenues between reporting periods based on the relative transit time in each reporting period and recognize expenses as we incur them .other revenues include revenues earned by our subsidiaries , revenues from our commuter rail operations , and accessorial revenues , which we earn when customers retain equipment owned or controlled by us or when we perform additional services such as switching or storage .we recognize other revenues as we perform services or meet contractual obligations .freight revenues from five of our six commodity groups increased during 2013 compared to 2012 .revenue from agricultural products was down slightly compared to 2012 .arc increased 5% ( 5 % ) , driven by core pricing gains , shifts in business mix and an automotive logistics management arrangement .volume was essentially flat year over year as growth in automotives , frac sand , crude oil and domestic intermodal offset declines in coal , international intermodal and grain shipments .freight revenues from four of our six commodity groups increased during 2012 compared to 2011 .revenues from coal and agricultural products declined during the year .our franchise diversity allowed us to take advantage of growth from shale-related markets ( crude oil , frac sand and pipe ) and strong automotive manufacturing , which offset volume declines from coal and agricultural products .arc increased 7% ( 7 % ) , driven by core pricing gains and higher fuel cost recoveries .improved fuel recovery provisions and higher fuel prices , including the lag effect of our programs ( surcharges trail fluctuations in fuel price by approximately two months ) , combined to increase revenues from fuel surcharges .our fuel surcharge programs generated freight revenues of $ 2.6 billion , $ 2.6 billion , and $ 2.2 billion in 2013 , 2012 , and 2011 , respectively .fuel surcharge in 2013 was essentially flat versus 2012 as lower fuel price offset improved fuel recovery provisions and the lag effect of our programs ( surcharges trail fluctuations in fuel price by approximately two months ) .rising fuel prices and more shipments subject to fuel surcharges drove the increase from 2011 to 2012 .in 2013 , other revenue increased from 2012 due primarily to miscellaneous contract revenue and higher revenues at our subsidiaries that broker intermodal and automotive services .in 2012 , other revenues increased from 2011 due primarily to higher revenues at our subsidiaries that broker intermodal and automotive services .assessorial revenues also increased in 2012 due to container revenue related to an increase in intermodal shipments. .
Question: what was the value of the fuel surcharge revenue in 2012?
| 2.6 | 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.
f0b7 financial expectations 2013 we are cautious about the economic environment , but , assuming that industrial production grows approximately 3% ( 3 % ) as projected , volume should exceed 2013 levels .even with no volume growth , we expect earnings to exceed 2013 earnings , generated by core pricing gains , on-going network improvements and productivity initiatives .we expect that free cash flow for 2014 will be lower than 2013 as higher cash from operations will be more than offset by additional cash of approximately $ 400 million that will be used to pay income taxes that were previously deferred through bonus depreciation , increased capital spend and higher dividend payments .results of operations operating revenues millions 2013 2012 2011 % ( % ) change 2013 v 2012 % ( % ) change 2012 v 2011 . millions | 2013 | 2012 | 2011 | % ( % ) change 2013 v 2012 | % ( % ) change 2012 v 2011
freight revenues | $ 20684 | $ 19686 | $ 18508 | 5% ( 5 % ) | 6% ( 6 % )
other revenues | 1279 | 1240 | 1049 | 3 | 18
total | $ 21963 | $ 20926 | $ 19557 | 5% ( 5 % ) | 7% ( 7 % ) we generate freight revenues by transporting freight or other materials from our six commodity groups .freight revenues vary with volume ( carloads ) and arc .changes in price , traffic mix and fuel surcharges drive arc .we provide some of our customers with contractual incentives for meeting or exceeding specified cumulative volumes or shipping to and from specific locations , which we record as reductions to freight revenues based on the actual or projected future shipments .we recognize freight revenues as shipments move from origin to destination .we allocate freight revenues between reporting periods based on the relative transit time in each reporting period and recognize expenses as we incur them .other revenues include revenues earned by our subsidiaries , revenues from our commuter rail operations , and accessorial revenues , which we earn when customers retain equipment owned or controlled by us or when we perform additional services such as switching or storage .we recognize other revenues as we perform services or meet contractual obligations .freight revenues from five of our six commodity groups increased during 2013 compared to 2012 .revenue from agricultural products was down slightly compared to 2012 .arc increased 5% ( 5 % ) , driven by core pricing gains , shifts in business mix and an automotive logistics management arrangement .volume was essentially flat year over year as growth in automotives , frac sand , crude oil and domestic intermodal offset declines in coal , international intermodal and grain shipments .freight revenues from four of our six commodity groups increased during 2012 compared to 2011 .revenues from coal and agricultural products declined during the year .our franchise diversity allowed us to take advantage of growth from shale-related markets ( crude oil , frac sand and pipe ) and strong automotive manufacturing , which offset volume declines from coal and agricultural products .arc increased 7% ( 7 % ) , driven by core pricing gains and higher fuel cost recoveries .improved fuel recovery provisions and higher fuel prices , including the lag effect of our programs ( surcharges trail fluctuations in fuel price by approximately two months ) , combined to increase revenues from fuel surcharges .our fuel surcharge programs generated freight revenues of $ 2.6 billion , $ 2.6 billion , and $ 2.2 billion in 2013 , 2012 , and 2011 , respectively .fuel surcharge in 2013 was essentially flat versus 2012 as lower fuel price offset improved fuel recovery provisions and the lag effect of our programs ( surcharges trail fluctuations in fuel price by approximately two months ) .rising fuel prices and more shipments subject to fuel surcharges drove the increase from 2011 to 2012 .in 2013 , other revenue increased from 2012 due primarily to miscellaneous contract revenue and higher revenues at our subsidiaries that broker intermodal and automotive services .in 2012 , other revenues increased from 2011 due primarily to higher revenues at our subsidiaries that broker intermodal and automotive services .assessorial revenues also increased in 2012 due to container revenue related to an increase in intermodal shipments. .
Question: what was the value of the fuel surcharge revenue in 2012?
| convfinqa2306 |
f0b7 financial expectations 2013 we are cautious about the economic environment , but , assuming that industrial production grows approximately 3% ( 3 % ) as projected , volume should exceed 2013 levels .even with no volume growth , we expect earnings to exceed 2013 earnings , generated by core pricing gains , on-going network improvements and productivity initiatives .we expect that free cash flow for 2014 will be lower than 2013 as higher cash from operations will be more than offset by additional cash of approximately $ 400 million that will be used to pay income taxes that were previously deferred through bonus depreciation , increased capital spend and higher dividend payments .results of operations operating revenues millions 2013 2012 2011 % ( % ) change 2013 v 2012 % ( % ) change 2012 v 2011 . millions | 2013 | 2012 | 2011 | % ( % ) change 2013 v 2012 | % ( % ) change 2012 v 2011
freight revenues | $ 20684 | $ 19686 | $ 18508 | 5% ( 5 % ) | 6% ( 6 % )
other revenues | 1279 | 1240 | 1049 | 3 | 18
total | $ 21963 | $ 20926 | $ 19557 | 5% ( 5 % ) | 7% ( 7 % ) we generate freight revenues by transporting freight or other materials from our six commodity groups .freight revenues vary with volume ( carloads ) and arc .changes in price , traffic mix and fuel surcharges drive arc .we provide some of our customers with contractual incentives for meeting or exceeding specified cumulative volumes or shipping to and from specific locations , which we record as reductions to freight revenues based on the actual or projected future shipments .we recognize freight revenues as shipments move from origin to destination .we allocate freight revenues between reporting periods based on the relative transit time in each reporting period and recognize expenses as we incur them .other revenues include revenues earned by our subsidiaries , revenues from our commuter rail operations , and accessorial revenues , which we earn when customers retain equipment owned or controlled by us or when we perform additional services such as switching or storage .we recognize other revenues as we perform services or meet contractual obligations .freight revenues from five of our six commodity groups increased during 2013 compared to 2012 .revenue from agricultural products was down slightly compared to 2012 .arc increased 5% ( 5 % ) , driven by core pricing gains , shifts in business mix and an automotive logistics management arrangement .volume was essentially flat year over year as growth in automotives , frac sand , crude oil and domestic intermodal offset declines in coal , international intermodal and grain shipments .freight revenues from four of our six commodity groups increased during 2012 compared to 2011 .revenues from coal and agricultural products declined during the year .our franchise diversity allowed us to take advantage of growth from shale-related markets ( crude oil , frac sand and pipe ) and strong automotive manufacturing , which offset volume declines from coal and agricultural products .arc increased 7% ( 7 % ) , driven by core pricing gains and higher fuel cost recoveries .improved fuel recovery provisions and higher fuel prices , including the lag effect of our programs ( surcharges trail fluctuations in fuel price by approximately two months ) , combined to increase revenues from fuel surcharges .our fuel surcharge programs generated freight revenues of $ 2.6 billion , $ 2.6 billion , and $ 2.2 billion in 2013 , 2012 , and 2011 , respectively .fuel surcharge in 2013 was essentially flat versus 2012 as lower fuel price offset improved fuel recovery provisions and the lag effect of our programs ( surcharges trail fluctuations in fuel price by approximately two months ) .rising fuel prices and more shipments subject to fuel surcharges drove the increase from 2011 to 2012 .in 2013 , other revenue increased from 2012 due primarily to miscellaneous contract revenue and higher revenues at our subsidiaries that broker intermodal and automotive services .in 2012 , other revenues increased from 2011 due primarily to higher revenues at our subsidiaries that broker intermodal and automotive services .assessorial revenues also increased in 2012 due to container revenue related to an increase in intermodal shipments. .
Question: what was the value of the fuel surcharge revenue in 2012?
Steps: Ask for number 2.6
Answer: 2.6
Question: what was the value in 2011?
| 2.2 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
f0b7 financial expectations 2013 we are cautious about the economic environment , but , assuming that industrial production grows approximately 3% ( 3 % ) as projected , volume should exceed 2013 levels .even with no volume growth , we expect earnings to exceed 2013 earnings , generated by core pricing gains , on-going network improvements and productivity initiatives .we expect that free cash flow for 2014 will be lower than 2013 as higher cash from operations will be more than offset by additional cash of approximately $ 400 million that will be used to pay income taxes that were previously deferred through bonus depreciation , increased capital spend and higher dividend payments .results of operations operating revenues millions 2013 2012 2011 % ( % ) change 2013 v 2012 % ( % ) change 2012 v 2011 . millions | 2013 | 2012 | 2011 | % ( % ) change 2013 v 2012 | % ( % ) change 2012 v 2011
freight revenues | $ 20684 | $ 19686 | $ 18508 | 5% ( 5 % ) | 6% ( 6 % )
other revenues | 1279 | 1240 | 1049 | 3 | 18
total | $ 21963 | $ 20926 | $ 19557 | 5% ( 5 % ) | 7% ( 7 % ) we generate freight revenues by transporting freight or other materials from our six commodity groups .freight revenues vary with volume ( carloads ) and arc .changes in price , traffic mix and fuel surcharges drive arc .we provide some of our customers with contractual incentives for meeting or exceeding specified cumulative volumes or shipping to and from specific locations , which we record as reductions to freight revenues based on the actual or projected future shipments .we recognize freight revenues as shipments move from origin to destination .we allocate freight revenues between reporting periods based on the relative transit time in each reporting period and recognize expenses as we incur them .other revenues include revenues earned by our subsidiaries , revenues from our commuter rail operations , and accessorial revenues , which we earn when customers retain equipment owned or controlled by us or when we perform additional services such as switching or storage .we recognize other revenues as we perform services or meet contractual obligations .freight revenues from five of our six commodity groups increased during 2013 compared to 2012 .revenue from agricultural products was down slightly compared to 2012 .arc increased 5% ( 5 % ) , driven by core pricing gains , shifts in business mix and an automotive logistics management arrangement .volume was essentially flat year over year as growth in automotives , frac sand , crude oil and domestic intermodal offset declines in coal , international intermodal and grain shipments .freight revenues from four of our six commodity groups increased during 2012 compared to 2011 .revenues from coal and agricultural products declined during the year .our franchise diversity allowed us to take advantage of growth from shale-related markets ( crude oil , frac sand and pipe ) and strong automotive manufacturing , which offset volume declines from coal and agricultural products .arc increased 7% ( 7 % ) , driven by core pricing gains and higher fuel cost recoveries .improved fuel recovery provisions and higher fuel prices , including the lag effect of our programs ( surcharges trail fluctuations in fuel price by approximately two months ) , combined to increase revenues from fuel surcharges .our fuel surcharge programs generated freight revenues of $ 2.6 billion , $ 2.6 billion , and $ 2.2 billion in 2013 , 2012 , and 2011 , respectively .fuel surcharge in 2013 was essentially flat versus 2012 as lower fuel price offset improved fuel recovery provisions and the lag effect of our programs ( surcharges trail fluctuations in fuel price by approximately two months ) .rising fuel prices and more shipments subject to fuel surcharges drove the increase from 2011 to 2012 .in 2013 , other revenue increased from 2012 due primarily to miscellaneous contract revenue and higher revenues at our subsidiaries that broker intermodal and automotive services .in 2012 , other revenues increased from 2011 due primarily to higher revenues at our subsidiaries that broker intermodal and automotive services .assessorial revenues also increased in 2012 due to container revenue related to an increase in intermodal shipments. .
Question: what was the value of the fuel surcharge revenue in 2012?
Steps: Ask for number 2.6
Answer: 2.6
Question: what was the value in 2011?
| convfinqa2307 |
f0b7 financial expectations 2013 we are cautious about the economic environment , but , assuming that industrial production grows approximately 3% ( 3 % ) as projected , volume should exceed 2013 levels .even with no volume growth , we expect earnings to exceed 2013 earnings , generated by core pricing gains , on-going network improvements and productivity initiatives .we expect that free cash flow for 2014 will be lower than 2013 as higher cash from operations will be more than offset by additional cash of approximately $ 400 million that will be used to pay income taxes that were previously deferred through bonus depreciation , increased capital spend and higher dividend payments .results of operations operating revenues millions 2013 2012 2011 % ( % ) change 2013 v 2012 % ( % ) change 2012 v 2011 . millions | 2013 | 2012 | 2011 | % ( % ) change 2013 v 2012 | % ( % ) change 2012 v 2011
freight revenues | $ 20684 | $ 19686 | $ 18508 | 5% ( 5 % ) | 6% ( 6 % )
other revenues | 1279 | 1240 | 1049 | 3 | 18
total | $ 21963 | $ 20926 | $ 19557 | 5% ( 5 % ) | 7% ( 7 % ) we generate freight revenues by transporting freight or other materials from our six commodity groups .freight revenues vary with volume ( carloads ) and arc .changes in price , traffic mix and fuel surcharges drive arc .we provide some of our customers with contractual incentives for meeting or exceeding specified cumulative volumes or shipping to and from specific locations , which we record as reductions to freight revenues based on the actual or projected future shipments .we recognize freight revenues as shipments move from origin to destination .we allocate freight revenues between reporting periods based on the relative transit time in each reporting period and recognize expenses as we incur them .other revenues include revenues earned by our subsidiaries , revenues from our commuter rail operations , and accessorial revenues , which we earn when customers retain equipment owned or controlled by us or when we perform additional services such as switching or storage .we recognize other revenues as we perform services or meet contractual obligations .freight revenues from five of our six commodity groups increased during 2013 compared to 2012 .revenue from agricultural products was down slightly compared to 2012 .arc increased 5% ( 5 % ) , driven by core pricing gains , shifts in business mix and an automotive logistics management arrangement .volume was essentially flat year over year as growth in automotives , frac sand , crude oil and domestic intermodal offset declines in coal , international intermodal and grain shipments .freight revenues from four of our six commodity groups increased during 2012 compared to 2011 .revenues from coal and agricultural products declined during the year .our franchise diversity allowed us to take advantage of growth from shale-related markets ( crude oil , frac sand and pipe ) and strong automotive manufacturing , which offset volume declines from coal and agricultural products .arc increased 7% ( 7 % ) , driven by core pricing gains and higher fuel cost recoveries .improved fuel recovery provisions and higher fuel prices , including the lag effect of our programs ( surcharges trail fluctuations in fuel price by approximately two months ) , combined to increase revenues from fuel surcharges .our fuel surcharge programs generated freight revenues of $ 2.6 billion , $ 2.6 billion , and $ 2.2 billion in 2013 , 2012 , and 2011 , respectively .fuel surcharge in 2013 was essentially flat versus 2012 as lower fuel price offset improved fuel recovery provisions and the lag effect of our programs ( surcharges trail fluctuations in fuel price by approximately two months ) .rising fuel prices and more shipments subject to fuel surcharges drove the increase from 2011 to 2012 .in 2013 , other revenue increased from 2012 due primarily to miscellaneous contract revenue and higher revenues at our subsidiaries that broker intermodal and automotive services .in 2012 , other revenues increased from 2011 due primarily to higher revenues at our subsidiaries that broker intermodal and automotive services .assessorial revenues also increased in 2012 due to container revenue related to an increase in intermodal shipments. .
Question: what was the value of the fuel surcharge revenue in 2012?
Steps: Ask for number 2.6
Answer: 2.6
Question: what was the value in 2011?
Steps: Ask for number 2.2
Answer: 2.2
Question: what is the net change in value?
| 0.4 | 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.
f0b7 financial expectations 2013 we are cautious about the economic environment , but , assuming that industrial production grows approximately 3% ( 3 % ) as projected , volume should exceed 2013 levels .even with no volume growth , we expect earnings to exceed 2013 earnings , generated by core pricing gains , on-going network improvements and productivity initiatives .we expect that free cash flow for 2014 will be lower than 2013 as higher cash from operations will be more than offset by additional cash of approximately $ 400 million that will be used to pay income taxes that were previously deferred through bonus depreciation , increased capital spend and higher dividend payments .results of operations operating revenues millions 2013 2012 2011 % ( % ) change 2013 v 2012 % ( % ) change 2012 v 2011 . millions | 2013 | 2012 | 2011 | % ( % ) change 2013 v 2012 | % ( % ) change 2012 v 2011
freight revenues | $ 20684 | $ 19686 | $ 18508 | 5% ( 5 % ) | 6% ( 6 % )
other revenues | 1279 | 1240 | 1049 | 3 | 18
total | $ 21963 | $ 20926 | $ 19557 | 5% ( 5 % ) | 7% ( 7 % ) we generate freight revenues by transporting freight or other materials from our six commodity groups .freight revenues vary with volume ( carloads ) and arc .changes in price , traffic mix and fuel surcharges drive arc .we provide some of our customers with contractual incentives for meeting or exceeding specified cumulative volumes or shipping to and from specific locations , which we record as reductions to freight revenues based on the actual or projected future shipments .we recognize freight revenues as shipments move from origin to destination .we allocate freight revenues between reporting periods based on the relative transit time in each reporting period and recognize expenses as we incur them .other revenues include revenues earned by our subsidiaries , revenues from our commuter rail operations , and accessorial revenues , which we earn when customers retain equipment owned or controlled by us or when we perform additional services such as switching or storage .we recognize other revenues as we perform services or meet contractual obligations .freight revenues from five of our six commodity groups increased during 2013 compared to 2012 .revenue from agricultural products was down slightly compared to 2012 .arc increased 5% ( 5 % ) , driven by core pricing gains , shifts in business mix and an automotive logistics management arrangement .volume was essentially flat year over year as growth in automotives , frac sand , crude oil and domestic intermodal offset declines in coal , international intermodal and grain shipments .freight revenues from four of our six commodity groups increased during 2012 compared to 2011 .revenues from coal and agricultural products declined during the year .our franchise diversity allowed us to take advantage of growth from shale-related markets ( crude oil , frac sand and pipe ) and strong automotive manufacturing , which offset volume declines from coal and agricultural products .arc increased 7% ( 7 % ) , driven by core pricing gains and higher fuel cost recoveries .improved fuel recovery provisions and higher fuel prices , including the lag effect of our programs ( surcharges trail fluctuations in fuel price by approximately two months ) , combined to increase revenues from fuel surcharges .our fuel surcharge programs generated freight revenues of $ 2.6 billion , $ 2.6 billion , and $ 2.2 billion in 2013 , 2012 , and 2011 , respectively .fuel surcharge in 2013 was essentially flat versus 2012 as lower fuel price offset improved fuel recovery provisions and the lag effect of our programs ( surcharges trail fluctuations in fuel price by approximately two months ) .rising fuel prices and more shipments subject to fuel surcharges drove the increase from 2011 to 2012 .in 2013 , other revenue increased from 2012 due primarily to miscellaneous contract revenue and higher revenues at our subsidiaries that broker intermodal and automotive services .in 2012 , other revenues increased from 2011 due primarily to higher revenues at our subsidiaries that broker intermodal and automotive services .assessorial revenues also increased in 2012 due to container revenue related to an increase in intermodal shipments. .
Question: what was the value of the fuel surcharge revenue in 2012?
Steps: Ask for number 2.6
Answer: 2.6
Question: what was the value in 2011?
Steps: Ask for number 2.2
Answer: 2.2
Question: what is the net change in value?
| convfinqa2308 |
f0b7 financial expectations 2013 we are cautious about the economic environment , but , assuming that industrial production grows approximately 3% ( 3 % ) as projected , volume should exceed 2013 levels .even with no volume growth , we expect earnings to exceed 2013 earnings , generated by core pricing gains , on-going network improvements and productivity initiatives .we expect that free cash flow for 2014 will be lower than 2013 as higher cash from operations will be more than offset by additional cash of approximately $ 400 million that will be used to pay income taxes that were previously deferred through bonus depreciation , increased capital spend and higher dividend payments .results of operations operating revenues millions 2013 2012 2011 % ( % ) change 2013 v 2012 % ( % ) change 2012 v 2011 . millions | 2013 | 2012 | 2011 | % ( % ) change 2013 v 2012 | % ( % ) change 2012 v 2011
freight revenues | $ 20684 | $ 19686 | $ 18508 | 5% ( 5 % ) | 6% ( 6 % )
other revenues | 1279 | 1240 | 1049 | 3 | 18
total | $ 21963 | $ 20926 | $ 19557 | 5% ( 5 % ) | 7% ( 7 % ) we generate freight revenues by transporting freight or other materials from our six commodity groups .freight revenues vary with volume ( carloads ) and arc .changes in price , traffic mix and fuel surcharges drive arc .we provide some of our customers with contractual incentives for meeting or exceeding specified cumulative volumes or shipping to and from specific locations , which we record as reductions to freight revenues based on the actual or projected future shipments .we recognize freight revenues as shipments move from origin to destination .we allocate freight revenues between reporting periods based on the relative transit time in each reporting period and recognize expenses as we incur them .other revenues include revenues earned by our subsidiaries , revenues from our commuter rail operations , and accessorial revenues , which we earn when customers retain equipment owned or controlled by us or when we perform additional services such as switching or storage .we recognize other revenues as we perform services or meet contractual obligations .freight revenues from five of our six commodity groups increased during 2013 compared to 2012 .revenue from agricultural products was down slightly compared to 2012 .arc increased 5% ( 5 % ) , driven by core pricing gains , shifts in business mix and an automotive logistics management arrangement .volume was essentially flat year over year as growth in automotives , frac sand , crude oil and domestic intermodal offset declines in coal , international intermodal and grain shipments .freight revenues from four of our six commodity groups increased during 2012 compared to 2011 .revenues from coal and agricultural products declined during the year .our franchise diversity allowed us to take advantage of growth from shale-related markets ( crude oil , frac sand and pipe ) and strong automotive manufacturing , which offset volume declines from coal and agricultural products .arc increased 7% ( 7 % ) , driven by core pricing gains and higher fuel cost recoveries .improved fuel recovery provisions and higher fuel prices , including the lag effect of our programs ( surcharges trail fluctuations in fuel price by approximately two months ) , combined to increase revenues from fuel surcharges .our fuel surcharge programs generated freight revenues of $ 2.6 billion , $ 2.6 billion , and $ 2.2 billion in 2013 , 2012 , and 2011 , respectively .fuel surcharge in 2013 was essentially flat versus 2012 as lower fuel price offset improved fuel recovery provisions and the lag effect of our programs ( surcharges trail fluctuations in fuel price by approximately two months ) .rising fuel prices and more shipments subject to fuel surcharges drove the increase from 2011 to 2012 .in 2013 , other revenue increased from 2012 due primarily to miscellaneous contract revenue and higher revenues at our subsidiaries that broker intermodal and automotive services .in 2012 , other revenues increased from 2011 due primarily to higher revenues at our subsidiaries that broker intermodal and automotive services .assessorial revenues also increased in 2012 due to container revenue related to an increase in intermodal shipments. .
Question: what was the value of the fuel surcharge revenue in 2012?
Steps: Ask for number 2.6
Answer: 2.6
Question: what was the value in 2011?
Steps: Ask for number 2.2
Answer: 2.2
Question: what is the net change in value?
Steps: subtract(2.6, 2.2)
Answer: 0.4
Question: what is the percent change?
| 0.18182 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
f0b7 financial expectations 2013 we are cautious about the economic environment , but , assuming that industrial production grows approximately 3% ( 3 % ) as projected , volume should exceed 2013 levels .even with no volume growth , we expect earnings to exceed 2013 earnings , generated by core pricing gains , on-going network improvements and productivity initiatives .we expect that free cash flow for 2014 will be lower than 2013 as higher cash from operations will be more than offset by additional cash of approximately $ 400 million that will be used to pay income taxes that were previously deferred through bonus depreciation , increased capital spend and higher dividend payments .results of operations operating revenues millions 2013 2012 2011 % ( % ) change 2013 v 2012 % ( % ) change 2012 v 2011 . millions | 2013 | 2012 | 2011 | % ( % ) change 2013 v 2012 | % ( % ) change 2012 v 2011
freight revenues | $ 20684 | $ 19686 | $ 18508 | 5% ( 5 % ) | 6% ( 6 % )
other revenues | 1279 | 1240 | 1049 | 3 | 18
total | $ 21963 | $ 20926 | $ 19557 | 5% ( 5 % ) | 7% ( 7 % ) we generate freight revenues by transporting freight or other materials from our six commodity groups .freight revenues vary with volume ( carloads ) and arc .changes in price , traffic mix and fuel surcharges drive arc .we provide some of our customers with contractual incentives for meeting or exceeding specified cumulative volumes or shipping to and from specific locations , which we record as reductions to freight revenues based on the actual or projected future shipments .we recognize freight revenues as shipments move from origin to destination .we allocate freight revenues between reporting periods based on the relative transit time in each reporting period and recognize expenses as we incur them .other revenues include revenues earned by our subsidiaries , revenues from our commuter rail operations , and accessorial revenues , which we earn when customers retain equipment owned or controlled by us or when we perform additional services such as switching or storage .we recognize other revenues as we perform services or meet contractual obligations .freight revenues from five of our six commodity groups increased during 2013 compared to 2012 .revenue from agricultural products was down slightly compared to 2012 .arc increased 5% ( 5 % ) , driven by core pricing gains , shifts in business mix and an automotive logistics management arrangement .volume was essentially flat year over year as growth in automotives , frac sand , crude oil and domestic intermodal offset declines in coal , international intermodal and grain shipments .freight revenues from four of our six commodity groups increased during 2012 compared to 2011 .revenues from coal and agricultural products declined during the year .our franchise diversity allowed us to take advantage of growth from shale-related markets ( crude oil , frac sand and pipe ) and strong automotive manufacturing , which offset volume declines from coal and agricultural products .arc increased 7% ( 7 % ) , driven by core pricing gains and higher fuel cost recoveries .improved fuel recovery provisions and higher fuel prices , including the lag effect of our programs ( surcharges trail fluctuations in fuel price by approximately two months ) , combined to increase revenues from fuel surcharges .our fuel surcharge programs generated freight revenues of $ 2.6 billion , $ 2.6 billion , and $ 2.2 billion in 2013 , 2012 , and 2011 , respectively .fuel surcharge in 2013 was essentially flat versus 2012 as lower fuel price offset improved fuel recovery provisions and the lag effect of our programs ( surcharges trail fluctuations in fuel price by approximately two months ) .rising fuel prices and more shipments subject to fuel surcharges drove the increase from 2011 to 2012 .in 2013 , other revenue increased from 2012 due primarily to miscellaneous contract revenue and higher revenues at our subsidiaries that broker intermodal and automotive services .in 2012 , other revenues increased from 2011 due primarily to higher revenues at our subsidiaries that broker intermodal and automotive services .assessorial revenues also increased in 2012 due to container revenue related to an increase in intermodal shipments. .
Question: what was the value of the fuel surcharge revenue in 2012?
Steps: Ask for number 2.6
Answer: 2.6
Question: what was the value in 2011?
Steps: Ask for number 2.2
Answer: 2.2
Question: what is the net change in value?
Steps: subtract(2.6, 2.2)
Answer: 0.4
Question: what is the percent change?
| convfinqa2309 |
eastman notes to the audited consolidated financial statements stock option awards option awards are granted to non-employee directors on an annual basis and to employees who meet certain eligibility requirements .a single annual option grant is usually awarded to eligible employees in the fourth quarter of each year , if and when granted by the compensation and management development committee of the board of directors , and occasional individual grants are awarded to eligible employees throughout the year .option awards have an exercise price equal to the closing price of the company's stock on the date of grant .the term of options is ten years with vesting periods that vary up to three years .vesting usually occurs ratably or at the end of the vesting period .sfas no .123 ( r ) requires that stock option awards be valued at fair value determined by market price , if actively traded in a public market or , if not , calculated using an option pricing financial model .the fair value of the company's options cannot be determined by market value as they are not traded in an open market .accordingly , a financial pricing model is utilized to determine fair value .the company utilizes the black scholes merton ( "bsm" ) model which relies on certain assumptions to estimate an option's fair value .the weighted average assumptions used in the determination of fair value for stock options awarded in 2006 , 2005 and 2004 are provided in the table below: . assumptions | 2006 | 2005 | 2004
expected volatility rate | 21.40% ( 21.40 % ) | 22.90% ( 22.90 % ) | 28.00% ( 28.00 % )
expected dividend yield | 3.24% ( 3.24 % ) | 3.29% ( 3.29 % ) | 3.80% ( 3.80 % )
average risk-free interest rate | 4.62% ( 4.62 % ) | 4.48% ( 4.48 % ) | 3.46% ( 3.46 % )
expected forfeiture rate | 0.75% ( 0.75 % ) | actual | actual
expected term years | 4.40 | 5.00 | 6.00 prior to adoption of sfas no .123 ( r ) , the company calculated the expected term of stock options of six years .effective with the fourth quarter 2005 annual option award , the company analyzed historical annual grant transactions over a ten year period comprising exercises , post-vesting cancellations and expirations to determine the expected term .the company expects to execute this analysis each year preceding the annual option grant to ensure that all assumptions based upon internal data reflect the most reasonable expectations for fair value determination .the weighted average expected term of 4.4 years for 2006 reflects the impact of this annual analysis and the weighting of option swap and reload grants which may have much shorter expected terms than new option grants .the volatility rate of grants is derived from historical company common stock volatility over the same time period as the expected term .the company uses a weekly high closing stock price based upon daily closing prices in the week .the volatility rate is derived by mathematical formula utilizing the weekly high closing price data .for the periods presented above , the expected dividend yield is derived by mathematical formula which uses the expected company annual dividend amount over the expected term divided by the fair market value of the company's common stock at the grant date .the average risk-free interest rate is derived from united states department of treasury published interest rates of daily yield curves for the same time period as the expected term .prior to adoption of sfas no .123 ( r ) , the company did not estimate forfeitures and recognized them as they occurred for proforma disclosure of share-based compensation expense .with adoption of sfas no .123 ( r ) , estimated forfeitures must be considered in recording share-based compensation expense .estimated forfeiture rates vary with each type of award affected by several factors , one of which is the varying composition and characteristics of the award participants .estimated forfeitures for the company's share-based awards historically range from 0.75 percent to 10.0 percent with the estimated forfeitures for options at 0.75 percent. .
Question: what was the expected dividend yield in 2006?
| 3.24 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
eastman notes to the audited consolidated financial statements stock option awards option awards are granted to non-employee directors on an annual basis and to employees who meet certain eligibility requirements .a single annual option grant is usually awarded to eligible employees in the fourth quarter of each year , if and when granted by the compensation and management development committee of the board of directors , and occasional individual grants are awarded to eligible employees throughout the year .option awards have an exercise price equal to the closing price of the company's stock on the date of grant .the term of options is ten years with vesting periods that vary up to three years .vesting usually occurs ratably or at the end of the vesting period .sfas no .123 ( r ) requires that stock option awards be valued at fair value determined by market price , if actively traded in a public market or , if not , calculated using an option pricing financial model .the fair value of the company's options cannot be determined by market value as they are not traded in an open market .accordingly , a financial pricing model is utilized to determine fair value .the company utilizes the black scholes merton ( "bsm" ) model which relies on certain assumptions to estimate an option's fair value .the weighted average assumptions used in the determination of fair value for stock options awarded in 2006 , 2005 and 2004 are provided in the table below: . assumptions | 2006 | 2005 | 2004
expected volatility rate | 21.40% ( 21.40 % ) | 22.90% ( 22.90 % ) | 28.00% ( 28.00 % )
expected dividend yield | 3.24% ( 3.24 % ) | 3.29% ( 3.29 % ) | 3.80% ( 3.80 % )
average risk-free interest rate | 4.62% ( 4.62 % ) | 4.48% ( 4.48 % ) | 3.46% ( 3.46 % )
expected forfeiture rate | 0.75% ( 0.75 % ) | actual | actual
expected term years | 4.40 | 5.00 | 6.00 prior to adoption of sfas no .123 ( r ) , the company calculated the expected term of stock options of six years .effective with the fourth quarter 2005 annual option award , the company analyzed historical annual grant transactions over a ten year period comprising exercises , post-vesting cancellations and expirations to determine the expected term .the company expects to execute this analysis each year preceding the annual option grant to ensure that all assumptions based upon internal data reflect the most reasonable expectations for fair value determination .the weighted average expected term of 4.4 years for 2006 reflects the impact of this annual analysis and the weighting of option swap and reload grants which may have much shorter expected terms than new option grants .the volatility rate of grants is derived from historical company common stock volatility over the same time period as the expected term .the company uses a weekly high closing stock price based upon daily closing prices in the week .the volatility rate is derived by mathematical formula utilizing the weekly high closing price data .for the periods presented above , the expected dividend yield is derived by mathematical formula which uses the expected company annual dividend amount over the expected term divided by the fair market value of the company's common stock at the grant date .the average risk-free interest rate is derived from united states department of treasury published interest rates of daily yield curves for the same time period as the expected term .prior to adoption of sfas no .123 ( r ) , the company did not estimate forfeitures and recognized them as they occurred for proforma disclosure of share-based compensation expense .with adoption of sfas no .123 ( r ) , estimated forfeitures must be considered in recording share-based compensation expense .estimated forfeiture rates vary with each type of award affected by several factors , one of which is the varying composition and characteristics of the award participants .estimated forfeitures for the company's share-based awards historically range from 0.75 percent to 10.0 percent with the estimated forfeitures for options at 0.75 percent. .
Question: what was the expected dividend yield in 2006?
| convfinqa2310 |
eastman notes to the audited consolidated financial statements stock option awards option awards are granted to non-employee directors on an annual basis and to employees who meet certain eligibility requirements .a single annual option grant is usually awarded to eligible employees in the fourth quarter of each year , if and when granted by the compensation and management development committee of the board of directors , and occasional individual grants are awarded to eligible employees throughout the year .option awards have an exercise price equal to the closing price of the company's stock on the date of grant .the term of options is ten years with vesting periods that vary up to three years .vesting usually occurs ratably or at the end of the vesting period .sfas no .123 ( r ) requires that stock option awards be valued at fair value determined by market price , if actively traded in a public market or , if not , calculated using an option pricing financial model .the fair value of the company's options cannot be determined by market value as they are not traded in an open market .accordingly , a financial pricing model is utilized to determine fair value .the company utilizes the black scholes merton ( "bsm" ) model which relies on certain assumptions to estimate an option's fair value .the weighted average assumptions used in the determination of fair value for stock options awarded in 2006 , 2005 and 2004 are provided in the table below: . assumptions | 2006 | 2005 | 2004
expected volatility rate | 21.40% ( 21.40 % ) | 22.90% ( 22.90 % ) | 28.00% ( 28.00 % )
expected dividend yield | 3.24% ( 3.24 % ) | 3.29% ( 3.29 % ) | 3.80% ( 3.80 % )
average risk-free interest rate | 4.62% ( 4.62 % ) | 4.48% ( 4.48 % ) | 3.46% ( 3.46 % )
expected forfeiture rate | 0.75% ( 0.75 % ) | actual | actual
expected term years | 4.40 | 5.00 | 6.00 prior to adoption of sfas no .123 ( r ) , the company calculated the expected term of stock options of six years .effective with the fourth quarter 2005 annual option award , the company analyzed historical annual grant transactions over a ten year period comprising exercises , post-vesting cancellations and expirations to determine the expected term .the company expects to execute this analysis each year preceding the annual option grant to ensure that all assumptions based upon internal data reflect the most reasonable expectations for fair value determination .the weighted average expected term of 4.4 years for 2006 reflects the impact of this annual analysis and the weighting of option swap and reload grants which may have much shorter expected terms than new option grants .the volatility rate of grants is derived from historical company common stock volatility over the same time period as the expected term .the company uses a weekly high closing stock price based upon daily closing prices in the week .the volatility rate is derived by mathematical formula utilizing the weekly high closing price data .for the periods presented above , the expected dividend yield is derived by mathematical formula which uses the expected company annual dividend amount over the expected term divided by the fair market value of the company's common stock at the grant date .the average risk-free interest rate is derived from united states department of treasury published interest rates of daily yield curves for the same time period as the expected term .prior to adoption of sfas no .123 ( r ) , the company did not estimate forfeitures and recognized them as they occurred for proforma disclosure of share-based compensation expense .with adoption of sfas no .123 ( r ) , estimated forfeitures must be considered in recording share-based compensation expense .estimated forfeiture rates vary with each type of award affected by several factors , one of which is the varying composition and characteristics of the award participants .estimated forfeitures for the company's share-based awards historically range from 0.75 percent to 10.0 percent with the estimated forfeitures for options at 0.75 percent. .
Question: what was the expected dividend yield in 2006?
Steps: Ask for number 3.24
Answer: 3.24
Question: what was the expected yield in 2005?
| 3.29 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
eastman notes to the audited consolidated financial statements stock option awards option awards are granted to non-employee directors on an annual basis and to employees who meet certain eligibility requirements .a single annual option grant is usually awarded to eligible employees in the fourth quarter of each year , if and when granted by the compensation and management development committee of the board of directors , and occasional individual grants are awarded to eligible employees throughout the year .option awards have an exercise price equal to the closing price of the company's stock on the date of grant .the term of options is ten years with vesting periods that vary up to three years .vesting usually occurs ratably or at the end of the vesting period .sfas no .123 ( r ) requires that stock option awards be valued at fair value determined by market price , if actively traded in a public market or , if not , calculated using an option pricing financial model .the fair value of the company's options cannot be determined by market value as they are not traded in an open market .accordingly , a financial pricing model is utilized to determine fair value .the company utilizes the black scholes merton ( "bsm" ) model which relies on certain assumptions to estimate an option's fair value .the weighted average assumptions used in the determination of fair value for stock options awarded in 2006 , 2005 and 2004 are provided in the table below: . assumptions | 2006 | 2005 | 2004
expected volatility rate | 21.40% ( 21.40 % ) | 22.90% ( 22.90 % ) | 28.00% ( 28.00 % )
expected dividend yield | 3.24% ( 3.24 % ) | 3.29% ( 3.29 % ) | 3.80% ( 3.80 % )
average risk-free interest rate | 4.62% ( 4.62 % ) | 4.48% ( 4.48 % ) | 3.46% ( 3.46 % )
expected forfeiture rate | 0.75% ( 0.75 % ) | actual | actual
expected term years | 4.40 | 5.00 | 6.00 prior to adoption of sfas no .123 ( r ) , the company calculated the expected term of stock options of six years .effective with the fourth quarter 2005 annual option award , the company analyzed historical annual grant transactions over a ten year period comprising exercises , post-vesting cancellations and expirations to determine the expected term .the company expects to execute this analysis each year preceding the annual option grant to ensure that all assumptions based upon internal data reflect the most reasonable expectations for fair value determination .the weighted average expected term of 4.4 years for 2006 reflects the impact of this annual analysis and the weighting of option swap and reload grants which may have much shorter expected terms than new option grants .the volatility rate of grants is derived from historical company common stock volatility over the same time period as the expected term .the company uses a weekly high closing stock price based upon daily closing prices in the week .the volatility rate is derived by mathematical formula utilizing the weekly high closing price data .for the periods presented above , the expected dividend yield is derived by mathematical formula which uses the expected company annual dividend amount over the expected term divided by the fair market value of the company's common stock at the grant date .the average risk-free interest rate is derived from united states department of treasury published interest rates of daily yield curves for the same time period as the expected term .prior to adoption of sfas no .123 ( r ) , the company did not estimate forfeitures and recognized them as they occurred for proforma disclosure of share-based compensation expense .with adoption of sfas no .123 ( r ) , estimated forfeitures must be considered in recording share-based compensation expense .estimated forfeiture rates vary with each type of award affected by several factors , one of which is the varying composition and characteristics of the award participants .estimated forfeitures for the company's share-based awards historically range from 0.75 percent to 10.0 percent with the estimated forfeitures for options at 0.75 percent. .
Question: what was the expected dividend yield in 2006?
Steps: Ask for number 3.24
Answer: 3.24
Question: what was the expected yield in 2005?
| convfinqa2311 |
eastman notes to the audited consolidated financial statements stock option awards option awards are granted to non-employee directors on an annual basis and to employees who meet certain eligibility requirements .a single annual option grant is usually awarded to eligible employees in the fourth quarter of each year , if and when granted by the compensation and management development committee of the board of directors , and occasional individual grants are awarded to eligible employees throughout the year .option awards have an exercise price equal to the closing price of the company's stock on the date of grant .the term of options is ten years with vesting periods that vary up to three years .vesting usually occurs ratably or at the end of the vesting period .sfas no .123 ( r ) requires that stock option awards be valued at fair value determined by market price , if actively traded in a public market or , if not , calculated using an option pricing financial model .the fair value of the company's options cannot be determined by market value as they are not traded in an open market .accordingly , a financial pricing model is utilized to determine fair value .the company utilizes the black scholes merton ( "bsm" ) model which relies on certain assumptions to estimate an option's fair value .the weighted average assumptions used in the determination of fair value for stock options awarded in 2006 , 2005 and 2004 are provided in the table below: . assumptions | 2006 | 2005 | 2004
expected volatility rate | 21.40% ( 21.40 % ) | 22.90% ( 22.90 % ) | 28.00% ( 28.00 % )
expected dividend yield | 3.24% ( 3.24 % ) | 3.29% ( 3.29 % ) | 3.80% ( 3.80 % )
average risk-free interest rate | 4.62% ( 4.62 % ) | 4.48% ( 4.48 % ) | 3.46% ( 3.46 % )
expected forfeiture rate | 0.75% ( 0.75 % ) | actual | actual
expected term years | 4.40 | 5.00 | 6.00 prior to adoption of sfas no .123 ( r ) , the company calculated the expected term of stock options of six years .effective with the fourth quarter 2005 annual option award , the company analyzed historical annual grant transactions over a ten year period comprising exercises , post-vesting cancellations and expirations to determine the expected term .the company expects to execute this analysis each year preceding the annual option grant to ensure that all assumptions based upon internal data reflect the most reasonable expectations for fair value determination .the weighted average expected term of 4.4 years for 2006 reflects the impact of this annual analysis and the weighting of option swap and reload grants which may have much shorter expected terms than new option grants .the volatility rate of grants is derived from historical company common stock volatility over the same time period as the expected term .the company uses a weekly high closing stock price based upon daily closing prices in the week .the volatility rate is derived by mathematical formula utilizing the weekly high closing price data .for the periods presented above , the expected dividend yield is derived by mathematical formula which uses the expected company annual dividend amount over the expected term divided by the fair market value of the company's common stock at the grant date .the average risk-free interest rate is derived from united states department of treasury published interest rates of daily yield curves for the same time period as the expected term .prior to adoption of sfas no .123 ( r ) , the company did not estimate forfeitures and recognized them as they occurred for proforma disclosure of share-based compensation expense .with adoption of sfas no .123 ( r ) , estimated forfeitures must be considered in recording share-based compensation expense .estimated forfeiture rates vary with each type of award affected by several factors , one of which is the varying composition and characteristics of the award participants .estimated forfeitures for the company's share-based awards historically range from 0.75 percent to 10.0 percent with the estimated forfeitures for options at 0.75 percent. .
Question: what was the expected dividend yield in 2006?
Steps: Ask for number 3.24
Answer: 3.24
Question: what was the expected yield in 2005?
Steps: Ask for number 3.29
Answer: 3.29
Question: what is the net difference?
| -0.05 | 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.
eastman notes to the audited consolidated financial statements stock option awards option awards are granted to non-employee directors on an annual basis and to employees who meet certain eligibility requirements .a single annual option grant is usually awarded to eligible employees in the fourth quarter of each year , if and when granted by the compensation and management development committee of the board of directors , and occasional individual grants are awarded to eligible employees throughout the year .option awards have an exercise price equal to the closing price of the company's stock on the date of grant .the term of options is ten years with vesting periods that vary up to three years .vesting usually occurs ratably or at the end of the vesting period .sfas no .123 ( r ) requires that stock option awards be valued at fair value determined by market price , if actively traded in a public market or , if not , calculated using an option pricing financial model .the fair value of the company's options cannot be determined by market value as they are not traded in an open market .accordingly , a financial pricing model is utilized to determine fair value .the company utilizes the black scholes merton ( "bsm" ) model which relies on certain assumptions to estimate an option's fair value .the weighted average assumptions used in the determination of fair value for stock options awarded in 2006 , 2005 and 2004 are provided in the table below: . assumptions | 2006 | 2005 | 2004
expected volatility rate | 21.40% ( 21.40 % ) | 22.90% ( 22.90 % ) | 28.00% ( 28.00 % )
expected dividend yield | 3.24% ( 3.24 % ) | 3.29% ( 3.29 % ) | 3.80% ( 3.80 % )
average risk-free interest rate | 4.62% ( 4.62 % ) | 4.48% ( 4.48 % ) | 3.46% ( 3.46 % )
expected forfeiture rate | 0.75% ( 0.75 % ) | actual | actual
expected term years | 4.40 | 5.00 | 6.00 prior to adoption of sfas no .123 ( r ) , the company calculated the expected term of stock options of six years .effective with the fourth quarter 2005 annual option award , the company analyzed historical annual grant transactions over a ten year period comprising exercises , post-vesting cancellations and expirations to determine the expected term .the company expects to execute this analysis each year preceding the annual option grant to ensure that all assumptions based upon internal data reflect the most reasonable expectations for fair value determination .the weighted average expected term of 4.4 years for 2006 reflects the impact of this annual analysis and the weighting of option swap and reload grants which may have much shorter expected terms than new option grants .the volatility rate of grants is derived from historical company common stock volatility over the same time period as the expected term .the company uses a weekly high closing stock price based upon daily closing prices in the week .the volatility rate is derived by mathematical formula utilizing the weekly high closing price data .for the periods presented above , the expected dividend yield is derived by mathematical formula which uses the expected company annual dividend amount over the expected term divided by the fair market value of the company's common stock at the grant date .the average risk-free interest rate is derived from united states department of treasury published interest rates of daily yield curves for the same time period as the expected term .prior to adoption of sfas no .123 ( r ) , the company did not estimate forfeitures and recognized them as they occurred for proforma disclosure of share-based compensation expense .with adoption of sfas no .123 ( r ) , estimated forfeitures must be considered in recording share-based compensation expense .estimated forfeiture rates vary with each type of award affected by several factors , one of which is the varying composition and characteristics of the award participants .estimated forfeitures for the company's share-based awards historically range from 0.75 percent to 10.0 percent with the estimated forfeitures for options at 0.75 percent. .
Question: what was the expected dividend yield in 2006?
Steps: Ask for number 3.24
Answer: 3.24
Question: what was the expected yield in 2005?
Steps: Ask for number 3.29
Answer: 3.29
Question: what is the net difference?
| convfinqa2312 |
eastman notes to the audited consolidated financial statements stock option awards option awards are granted to non-employee directors on an annual basis and to employees who meet certain eligibility requirements .a single annual option grant is usually awarded to eligible employees in the fourth quarter of each year , if and when granted by the compensation and management development committee of the board of directors , and occasional individual grants are awarded to eligible employees throughout the year .option awards have an exercise price equal to the closing price of the company's stock on the date of grant .the term of options is ten years with vesting periods that vary up to three years .vesting usually occurs ratably or at the end of the vesting period .sfas no .123 ( r ) requires that stock option awards be valued at fair value determined by market price , if actively traded in a public market or , if not , calculated using an option pricing financial model .the fair value of the company's options cannot be determined by market value as they are not traded in an open market .accordingly , a financial pricing model is utilized to determine fair value .the company utilizes the black scholes merton ( "bsm" ) model which relies on certain assumptions to estimate an option's fair value .the weighted average assumptions used in the determination of fair value for stock options awarded in 2006 , 2005 and 2004 are provided in the table below: . assumptions | 2006 | 2005 | 2004
expected volatility rate | 21.40% ( 21.40 % ) | 22.90% ( 22.90 % ) | 28.00% ( 28.00 % )
expected dividend yield | 3.24% ( 3.24 % ) | 3.29% ( 3.29 % ) | 3.80% ( 3.80 % )
average risk-free interest rate | 4.62% ( 4.62 % ) | 4.48% ( 4.48 % ) | 3.46% ( 3.46 % )
expected forfeiture rate | 0.75% ( 0.75 % ) | actual | actual
expected term years | 4.40 | 5.00 | 6.00 prior to adoption of sfas no .123 ( r ) , the company calculated the expected term of stock options of six years .effective with the fourth quarter 2005 annual option award , the company analyzed historical annual grant transactions over a ten year period comprising exercises , post-vesting cancellations and expirations to determine the expected term .the company expects to execute this analysis each year preceding the annual option grant to ensure that all assumptions based upon internal data reflect the most reasonable expectations for fair value determination .the weighted average expected term of 4.4 years for 2006 reflects the impact of this annual analysis and the weighting of option swap and reload grants which may have much shorter expected terms than new option grants .the volatility rate of grants is derived from historical company common stock volatility over the same time period as the expected term .the company uses a weekly high closing stock price based upon daily closing prices in the week .the volatility rate is derived by mathematical formula utilizing the weekly high closing price data .for the periods presented above , the expected dividend yield is derived by mathematical formula which uses the expected company annual dividend amount over the expected term divided by the fair market value of the company's common stock at the grant date .the average risk-free interest rate is derived from united states department of treasury published interest rates of daily yield curves for the same time period as the expected term .prior to adoption of sfas no .123 ( r ) , the company did not estimate forfeitures and recognized them as they occurred for proforma disclosure of share-based compensation expense .with adoption of sfas no .123 ( r ) , estimated forfeitures must be considered in recording share-based compensation expense .estimated forfeiture rates vary with each type of award affected by several factors , one of which is the varying composition and characteristics of the award participants .estimated forfeitures for the company's share-based awards historically range from 0.75 percent to 10.0 percent with the estimated forfeitures for options at 0.75 percent. .
Question: what was the expected dividend yield in 2006?
Steps: Ask for number 3.24
Answer: 3.24
Question: what was the expected yield in 2005?
Steps: Ask for number 3.29
Answer: 3.29
Question: what is the net difference?
Steps: subtract(3.24, 3.29)
Answer: -0.05
Question: what is the percent change?
| -0.0152 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
eastman notes to the audited consolidated financial statements stock option awards option awards are granted to non-employee directors on an annual basis and to employees who meet certain eligibility requirements .a single annual option grant is usually awarded to eligible employees in the fourth quarter of each year , if and when granted by the compensation and management development committee of the board of directors , and occasional individual grants are awarded to eligible employees throughout the year .option awards have an exercise price equal to the closing price of the company's stock on the date of grant .the term of options is ten years with vesting periods that vary up to three years .vesting usually occurs ratably or at the end of the vesting period .sfas no .123 ( r ) requires that stock option awards be valued at fair value determined by market price , if actively traded in a public market or , if not , calculated using an option pricing financial model .the fair value of the company's options cannot be determined by market value as they are not traded in an open market .accordingly , a financial pricing model is utilized to determine fair value .the company utilizes the black scholes merton ( "bsm" ) model which relies on certain assumptions to estimate an option's fair value .the weighted average assumptions used in the determination of fair value for stock options awarded in 2006 , 2005 and 2004 are provided in the table below: . assumptions | 2006 | 2005 | 2004
expected volatility rate | 21.40% ( 21.40 % ) | 22.90% ( 22.90 % ) | 28.00% ( 28.00 % )
expected dividend yield | 3.24% ( 3.24 % ) | 3.29% ( 3.29 % ) | 3.80% ( 3.80 % )
average risk-free interest rate | 4.62% ( 4.62 % ) | 4.48% ( 4.48 % ) | 3.46% ( 3.46 % )
expected forfeiture rate | 0.75% ( 0.75 % ) | actual | actual
expected term years | 4.40 | 5.00 | 6.00 prior to adoption of sfas no .123 ( r ) , the company calculated the expected term of stock options of six years .effective with the fourth quarter 2005 annual option award , the company analyzed historical annual grant transactions over a ten year period comprising exercises , post-vesting cancellations and expirations to determine the expected term .the company expects to execute this analysis each year preceding the annual option grant to ensure that all assumptions based upon internal data reflect the most reasonable expectations for fair value determination .the weighted average expected term of 4.4 years for 2006 reflects the impact of this annual analysis and the weighting of option swap and reload grants which may have much shorter expected terms than new option grants .the volatility rate of grants is derived from historical company common stock volatility over the same time period as the expected term .the company uses a weekly high closing stock price based upon daily closing prices in the week .the volatility rate is derived by mathematical formula utilizing the weekly high closing price data .for the periods presented above , the expected dividend yield is derived by mathematical formula which uses the expected company annual dividend amount over the expected term divided by the fair market value of the company's common stock at the grant date .the average risk-free interest rate is derived from united states department of treasury published interest rates of daily yield curves for the same time period as the expected term .prior to adoption of sfas no .123 ( r ) , the company did not estimate forfeitures and recognized them as they occurred for proforma disclosure of share-based compensation expense .with adoption of sfas no .123 ( r ) , estimated forfeitures must be considered in recording share-based compensation expense .estimated forfeiture rates vary with each type of award affected by several factors , one of which is the varying composition and characteristics of the award participants .estimated forfeitures for the company's share-based awards historically range from 0.75 percent to 10.0 percent with the estimated forfeitures for options at 0.75 percent. .
Question: what was the expected dividend yield in 2006?
Steps: Ask for number 3.24
Answer: 3.24
Question: what was the expected yield in 2005?
Steps: Ask for number 3.29
Answer: 3.29
Question: what is the net difference?
Steps: subtract(3.24, 3.29)
Answer: -0.05
Question: what is the percent change?
| convfinqa2313 |
stockholders 2019 equity derivative instruments activity , net of tax , included in non-owner changes to equity within the consolidated statements of stockholders 2019 equity for the years ended december 31 , 2008 , 2007 and 2006 is as follows: . | 2008 | 2007 | 2006
balance at january 1 | $ 2014 | $ 16 | $ 2
increase ( decrease ) in fair value | -9 ( 9 ) | -6 ( 6 ) | 75
reclassifications to earnings | 2 | -10 ( 10 ) | -61 ( 61 )
balance at december 31 | $ -7 ( 7 ) | $ 2014 | $ 16 net investment in foreign operations hedge at december 31 , 2008 and 2007 , the company did not have any hedges of foreign currency exposure of net investments in foreign operations .investments hedge during the first quarter of 2006 , the company entered into a zero-cost collar derivative ( the 201csprint nextel derivative 201d ) to protect itself economically against price fluctuations in its 37.6 million shares of sprint nextel corporation ( 201csprint nextel 201d ) non-voting common stock .during the second quarter of 2006 , as a result of sprint nextel 2019s spin-off of embarq corporation through a dividend to sprint nextel shareholders , the company received approximately 1.9 million shares of embarq corporation .the floor and ceiling prices of the sprint nextel derivative were adjusted accordingly .the sprint nextel derivative was not designated as a hedge under the provisions of sfas no .133 , 201caccounting for derivative instruments and hedging activities . 201d accordingly , to reflect the change in fair value of the sprint nextel derivative , the company recorded a net gain of $ 99 million for the year ended december 31 , 2006 , included in other income ( expense ) in the company 2019s consolidated statements of operations .in december 2006 , the sprint nextel derivative was terminated and settled in cash and the 37.6 million shares of sprint nextel were converted to common shares and sold .the company received aggregate cash proceeds of approximately $ 820 million from the settlement of the sprint nextel derivative and the subsequent sale of the 37.6 million sprint nextel shares .the company recognized a loss of $ 126 million in connection with the sale of the remaining shares of sprint nextel common stock .as described above , the company recorded a net gain of $ 99 million in connection with the sprint nextel derivative .fair value of financial instruments the company 2019s financial instruments include cash equivalents , sigma fund investments , short-term investments , accounts receivable , long-term receivables , accounts payable , accrued liabilities , derivatives and other financing commitments .the company 2019s sigma fund , available-for-sale investment portfolios and derivatives are recorded in the company 2019s consolidated balance sheets at fair value .all other financial instruments , with the exception of long-term debt , are carried at cost , which is not materially different than the instruments 2019 fair values .using quoted market prices and market interest rates , the company determined that the fair value of long- term debt at december 31 , 2008 was $ 2.8 billion , compared to a carrying value of $ 4.1 billion .since considerable judgment is required in interpreting market information , the fair value of the long-term debt is not necessarily indicative of the amount which could be realized in a current market exchange .equity price market risk at december 31 , 2008 , the company 2019s available-for-sale equity securities portfolio had an approximate fair market value of $ 128 million , which represented a cost basis of $ 125 million and a net unrealized loss of $ 3 million .these equity securities are held for purposes other than trading .%%transmsg*** transmitting job : c49054 pcn : 105000000 ***%%pcmsg|102 |00022|yes|no|02/23/2009 19:17|0|0|page is valid , no graphics -- color : n| .
Question: what was the balance of stockholder equity in the end of 2006?
| 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.
stockholders 2019 equity derivative instruments activity , net of tax , included in non-owner changes to equity within the consolidated statements of stockholders 2019 equity for the years ended december 31 , 2008 , 2007 and 2006 is as follows: . | 2008 | 2007 | 2006
balance at january 1 | $ 2014 | $ 16 | $ 2
increase ( decrease ) in fair value | -9 ( 9 ) | -6 ( 6 ) | 75
reclassifications to earnings | 2 | -10 ( 10 ) | -61 ( 61 )
balance at december 31 | $ -7 ( 7 ) | $ 2014 | $ 16 net investment in foreign operations hedge at december 31 , 2008 and 2007 , the company did not have any hedges of foreign currency exposure of net investments in foreign operations .investments hedge during the first quarter of 2006 , the company entered into a zero-cost collar derivative ( the 201csprint nextel derivative 201d ) to protect itself economically against price fluctuations in its 37.6 million shares of sprint nextel corporation ( 201csprint nextel 201d ) non-voting common stock .during the second quarter of 2006 , as a result of sprint nextel 2019s spin-off of embarq corporation through a dividend to sprint nextel shareholders , the company received approximately 1.9 million shares of embarq corporation .the floor and ceiling prices of the sprint nextel derivative were adjusted accordingly .the sprint nextel derivative was not designated as a hedge under the provisions of sfas no .133 , 201caccounting for derivative instruments and hedging activities . 201d accordingly , to reflect the change in fair value of the sprint nextel derivative , the company recorded a net gain of $ 99 million for the year ended december 31 , 2006 , included in other income ( expense ) in the company 2019s consolidated statements of operations .in december 2006 , the sprint nextel derivative was terminated and settled in cash and the 37.6 million shares of sprint nextel were converted to common shares and sold .the company received aggregate cash proceeds of approximately $ 820 million from the settlement of the sprint nextel derivative and the subsequent sale of the 37.6 million sprint nextel shares .the company recognized a loss of $ 126 million in connection with the sale of the remaining shares of sprint nextel common stock .as described above , the company recorded a net gain of $ 99 million in connection with the sprint nextel derivative .fair value of financial instruments the company 2019s financial instruments include cash equivalents , sigma fund investments , short-term investments , accounts receivable , long-term receivables , accounts payable , accrued liabilities , derivatives and other financing commitments .the company 2019s sigma fund , available-for-sale investment portfolios and derivatives are recorded in the company 2019s consolidated balance sheets at fair value .all other financial instruments , with the exception of long-term debt , are carried at cost , which is not materially different than the instruments 2019 fair values .using quoted market prices and market interest rates , the company determined that the fair value of long- term debt at december 31 , 2008 was $ 2.8 billion , compared to a carrying value of $ 4.1 billion .since considerable judgment is required in interpreting market information , the fair value of the long-term debt is not necessarily indicative of the amount which could be realized in a current market exchange .equity price market risk at december 31 , 2008 , the company 2019s available-for-sale equity securities portfolio had an approximate fair market value of $ 128 million , which represented a cost basis of $ 125 million and a net unrealized loss of $ 3 million .these equity securities are held for purposes other than trading .%%transmsg*** transmitting job : c49054 pcn : 105000000 ***%%pcmsg|102 |00022|yes|no|02/23/2009 19:17|0|0|page is valid , no graphics -- color : n| .
Question: what was the balance of stockholder equity in the end of 2006?
| convfinqa2314 |
stockholders 2019 equity derivative instruments activity , net of tax , included in non-owner changes to equity within the consolidated statements of stockholders 2019 equity for the years ended december 31 , 2008 , 2007 and 2006 is as follows: . | 2008 | 2007 | 2006
balance at january 1 | $ 2014 | $ 16 | $ 2
increase ( decrease ) in fair value | -9 ( 9 ) | -6 ( 6 ) | 75
reclassifications to earnings | 2 | -10 ( 10 ) | -61 ( 61 )
balance at december 31 | $ -7 ( 7 ) | $ 2014 | $ 16 net investment in foreign operations hedge at december 31 , 2008 and 2007 , the company did not have any hedges of foreign currency exposure of net investments in foreign operations .investments hedge during the first quarter of 2006 , the company entered into a zero-cost collar derivative ( the 201csprint nextel derivative 201d ) to protect itself economically against price fluctuations in its 37.6 million shares of sprint nextel corporation ( 201csprint nextel 201d ) non-voting common stock .during the second quarter of 2006 , as a result of sprint nextel 2019s spin-off of embarq corporation through a dividend to sprint nextel shareholders , the company received approximately 1.9 million shares of embarq corporation .the floor and ceiling prices of the sprint nextel derivative were adjusted accordingly .the sprint nextel derivative was not designated as a hedge under the provisions of sfas no .133 , 201caccounting for derivative instruments and hedging activities . 201d accordingly , to reflect the change in fair value of the sprint nextel derivative , the company recorded a net gain of $ 99 million for the year ended december 31 , 2006 , included in other income ( expense ) in the company 2019s consolidated statements of operations .in december 2006 , the sprint nextel derivative was terminated and settled in cash and the 37.6 million shares of sprint nextel were converted to common shares and sold .the company received aggregate cash proceeds of approximately $ 820 million from the settlement of the sprint nextel derivative and the subsequent sale of the 37.6 million sprint nextel shares .the company recognized a loss of $ 126 million in connection with the sale of the remaining shares of sprint nextel common stock .as described above , the company recorded a net gain of $ 99 million in connection with the sprint nextel derivative .fair value of financial instruments the company 2019s financial instruments include cash equivalents , sigma fund investments , short-term investments , accounts receivable , long-term receivables , accounts payable , accrued liabilities , derivatives and other financing commitments .the company 2019s sigma fund , available-for-sale investment portfolios and derivatives are recorded in the company 2019s consolidated balance sheets at fair value .all other financial instruments , with the exception of long-term debt , are carried at cost , which is not materially different than the instruments 2019 fair values .using quoted market prices and market interest rates , the company determined that the fair value of long- term debt at december 31 , 2008 was $ 2.8 billion , compared to a carrying value of $ 4.1 billion .since considerable judgment is required in interpreting market information , the fair value of the long-term debt is not necessarily indicative of the amount which could be realized in a current market exchange .equity price market risk at december 31 , 2008 , the company 2019s available-for-sale equity securities portfolio had an approximate fair market value of $ 128 million , which represented a cost basis of $ 125 million and a net unrealized loss of $ 3 million .these equity securities are held for purposes other than trading .%%transmsg*** transmitting job : c49054 pcn : 105000000 ***%%pcmsg|102 |00022|yes|no|02/23/2009 19:17|0|0|page is valid , no graphics -- color : n| .
Question: what was the balance of stockholder equity in the end of 2006?
Steps: Ask for number 16
Answer: 16.0
Question: and what was it in the beginning of that year?
| 2.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
stockholders 2019 equity derivative instruments activity , net of tax , included in non-owner changes to equity within the consolidated statements of stockholders 2019 equity for the years ended december 31 , 2008 , 2007 and 2006 is as follows: . | 2008 | 2007 | 2006
balance at january 1 | $ 2014 | $ 16 | $ 2
increase ( decrease ) in fair value | -9 ( 9 ) | -6 ( 6 ) | 75
reclassifications to earnings | 2 | -10 ( 10 ) | -61 ( 61 )
balance at december 31 | $ -7 ( 7 ) | $ 2014 | $ 16 net investment in foreign operations hedge at december 31 , 2008 and 2007 , the company did not have any hedges of foreign currency exposure of net investments in foreign operations .investments hedge during the first quarter of 2006 , the company entered into a zero-cost collar derivative ( the 201csprint nextel derivative 201d ) to protect itself economically against price fluctuations in its 37.6 million shares of sprint nextel corporation ( 201csprint nextel 201d ) non-voting common stock .during the second quarter of 2006 , as a result of sprint nextel 2019s spin-off of embarq corporation through a dividend to sprint nextel shareholders , the company received approximately 1.9 million shares of embarq corporation .the floor and ceiling prices of the sprint nextel derivative were adjusted accordingly .the sprint nextel derivative was not designated as a hedge under the provisions of sfas no .133 , 201caccounting for derivative instruments and hedging activities . 201d accordingly , to reflect the change in fair value of the sprint nextel derivative , the company recorded a net gain of $ 99 million for the year ended december 31 , 2006 , included in other income ( expense ) in the company 2019s consolidated statements of operations .in december 2006 , the sprint nextel derivative was terminated and settled in cash and the 37.6 million shares of sprint nextel were converted to common shares and sold .the company received aggregate cash proceeds of approximately $ 820 million from the settlement of the sprint nextel derivative and the subsequent sale of the 37.6 million sprint nextel shares .the company recognized a loss of $ 126 million in connection with the sale of the remaining shares of sprint nextel common stock .as described above , the company recorded a net gain of $ 99 million in connection with the sprint nextel derivative .fair value of financial instruments the company 2019s financial instruments include cash equivalents , sigma fund investments , short-term investments , accounts receivable , long-term receivables , accounts payable , accrued liabilities , derivatives and other financing commitments .the company 2019s sigma fund , available-for-sale investment portfolios and derivatives are recorded in the company 2019s consolidated balance sheets at fair value .all other financial instruments , with the exception of long-term debt , are carried at cost , which is not materially different than the instruments 2019 fair values .using quoted market prices and market interest rates , the company determined that the fair value of long- term debt at december 31 , 2008 was $ 2.8 billion , compared to a carrying value of $ 4.1 billion .since considerable judgment is required in interpreting market information , the fair value of the long-term debt is not necessarily indicative of the amount which could be realized in a current market exchange .equity price market risk at december 31 , 2008 , the company 2019s available-for-sale equity securities portfolio had an approximate fair market value of $ 128 million , which represented a cost basis of $ 125 million and a net unrealized loss of $ 3 million .these equity securities are held for purposes other than trading .%%transmsg*** transmitting job : c49054 pcn : 105000000 ***%%pcmsg|102 |00022|yes|no|02/23/2009 19:17|0|0|page is valid , no graphics -- color : n| .
Question: what was the balance of stockholder equity in the end of 2006?
Steps: Ask for number 16
Answer: 16.0
Question: and what was it in the beginning of that year?
| convfinqa2315 |
stockholders 2019 equity derivative instruments activity , net of tax , included in non-owner changes to equity within the consolidated statements of stockholders 2019 equity for the years ended december 31 , 2008 , 2007 and 2006 is as follows: . | 2008 | 2007 | 2006
balance at january 1 | $ 2014 | $ 16 | $ 2
increase ( decrease ) in fair value | -9 ( 9 ) | -6 ( 6 ) | 75
reclassifications to earnings | 2 | -10 ( 10 ) | -61 ( 61 )
balance at december 31 | $ -7 ( 7 ) | $ 2014 | $ 16 net investment in foreign operations hedge at december 31 , 2008 and 2007 , the company did not have any hedges of foreign currency exposure of net investments in foreign operations .investments hedge during the first quarter of 2006 , the company entered into a zero-cost collar derivative ( the 201csprint nextel derivative 201d ) to protect itself economically against price fluctuations in its 37.6 million shares of sprint nextel corporation ( 201csprint nextel 201d ) non-voting common stock .during the second quarter of 2006 , as a result of sprint nextel 2019s spin-off of embarq corporation through a dividend to sprint nextel shareholders , the company received approximately 1.9 million shares of embarq corporation .the floor and ceiling prices of the sprint nextel derivative were adjusted accordingly .the sprint nextel derivative was not designated as a hedge under the provisions of sfas no .133 , 201caccounting for derivative instruments and hedging activities . 201d accordingly , to reflect the change in fair value of the sprint nextel derivative , the company recorded a net gain of $ 99 million for the year ended december 31 , 2006 , included in other income ( expense ) in the company 2019s consolidated statements of operations .in december 2006 , the sprint nextel derivative was terminated and settled in cash and the 37.6 million shares of sprint nextel were converted to common shares and sold .the company received aggregate cash proceeds of approximately $ 820 million from the settlement of the sprint nextel derivative and the subsequent sale of the 37.6 million sprint nextel shares .the company recognized a loss of $ 126 million in connection with the sale of the remaining shares of sprint nextel common stock .as described above , the company recorded a net gain of $ 99 million in connection with the sprint nextel derivative .fair value of financial instruments the company 2019s financial instruments include cash equivalents , sigma fund investments , short-term investments , accounts receivable , long-term receivables , accounts payable , accrued liabilities , derivatives and other financing commitments .the company 2019s sigma fund , available-for-sale investment portfolios and derivatives are recorded in the company 2019s consolidated balance sheets at fair value .all other financial instruments , with the exception of long-term debt , are carried at cost , which is not materially different than the instruments 2019 fair values .using quoted market prices and market interest rates , the company determined that the fair value of long- term debt at december 31 , 2008 was $ 2.8 billion , compared to a carrying value of $ 4.1 billion .since considerable judgment is required in interpreting market information , the fair value of the long-term debt is not necessarily indicative of the amount which could be realized in a current market exchange .equity price market risk at december 31 , 2008 , the company 2019s available-for-sale equity securities portfolio had an approximate fair market value of $ 128 million , which represented a cost basis of $ 125 million and a net unrealized loss of $ 3 million .these equity securities are held for purposes other than trading .%%transmsg*** transmitting job : c49054 pcn : 105000000 ***%%pcmsg|102 |00022|yes|no|02/23/2009 19:17|0|0|page is valid , no graphics -- color : n| .
Question: what was the balance of stockholder equity in the end of 2006?
Steps: Ask for number 16
Answer: 16.0
Question: and what was it in the beginning of that year?
Steps: Ask for number 2
Answer: 2.0
Question: what was, then, the change in that balance throughout 2006?
| 14.0 | 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.
stockholders 2019 equity derivative instruments activity , net of tax , included in non-owner changes to equity within the consolidated statements of stockholders 2019 equity for the years ended december 31 , 2008 , 2007 and 2006 is as follows: . | 2008 | 2007 | 2006
balance at january 1 | $ 2014 | $ 16 | $ 2
increase ( decrease ) in fair value | -9 ( 9 ) | -6 ( 6 ) | 75
reclassifications to earnings | 2 | -10 ( 10 ) | -61 ( 61 )
balance at december 31 | $ -7 ( 7 ) | $ 2014 | $ 16 net investment in foreign operations hedge at december 31 , 2008 and 2007 , the company did not have any hedges of foreign currency exposure of net investments in foreign operations .investments hedge during the first quarter of 2006 , the company entered into a zero-cost collar derivative ( the 201csprint nextel derivative 201d ) to protect itself economically against price fluctuations in its 37.6 million shares of sprint nextel corporation ( 201csprint nextel 201d ) non-voting common stock .during the second quarter of 2006 , as a result of sprint nextel 2019s spin-off of embarq corporation through a dividend to sprint nextel shareholders , the company received approximately 1.9 million shares of embarq corporation .the floor and ceiling prices of the sprint nextel derivative were adjusted accordingly .the sprint nextel derivative was not designated as a hedge under the provisions of sfas no .133 , 201caccounting for derivative instruments and hedging activities . 201d accordingly , to reflect the change in fair value of the sprint nextel derivative , the company recorded a net gain of $ 99 million for the year ended december 31 , 2006 , included in other income ( expense ) in the company 2019s consolidated statements of operations .in december 2006 , the sprint nextel derivative was terminated and settled in cash and the 37.6 million shares of sprint nextel were converted to common shares and sold .the company received aggregate cash proceeds of approximately $ 820 million from the settlement of the sprint nextel derivative and the subsequent sale of the 37.6 million sprint nextel shares .the company recognized a loss of $ 126 million in connection with the sale of the remaining shares of sprint nextel common stock .as described above , the company recorded a net gain of $ 99 million in connection with the sprint nextel derivative .fair value of financial instruments the company 2019s financial instruments include cash equivalents , sigma fund investments , short-term investments , accounts receivable , long-term receivables , accounts payable , accrued liabilities , derivatives and other financing commitments .the company 2019s sigma fund , available-for-sale investment portfolios and derivatives are recorded in the company 2019s consolidated balance sheets at fair value .all other financial instruments , with the exception of long-term debt , are carried at cost , which is not materially different than the instruments 2019 fair values .using quoted market prices and market interest rates , the company determined that the fair value of long- term debt at december 31 , 2008 was $ 2.8 billion , compared to a carrying value of $ 4.1 billion .since considerable judgment is required in interpreting market information , the fair value of the long-term debt is not necessarily indicative of the amount which could be realized in a current market exchange .equity price market risk at december 31 , 2008 , the company 2019s available-for-sale equity securities portfolio had an approximate fair market value of $ 128 million , which represented a cost basis of $ 125 million and a net unrealized loss of $ 3 million .these equity securities are held for purposes other than trading .%%transmsg*** transmitting job : c49054 pcn : 105000000 ***%%pcmsg|102 |00022|yes|no|02/23/2009 19:17|0|0|page is valid , no graphics -- color : n| .
Question: what was the balance of stockholder equity in the end of 2006?
Steps: Ask for number 16
Answer: 16.0
Question: and what was it in the beginning of that year?
Steps: Ask for number 2
Answer: 2.0
Question: what was, then, the change in that balance throughout 2006?
| convfinqa2316 |
stockholders 2019 equity derivative instruments activity , net of tax , included in non-owner changes to equity within the consolidated statements of stockholders 2019 equity for the years ended december 31 , 2008 , 2007 and 2006 is as follows: . | 2008 | 2007 | 2006
balance at january 1 | $ 2014 | $ 16 | $ 2
increase ( decrease ) in fair value | -9 ( 9 ) | -6 ( 6 ) | 75
reclassifications to earnings | 2 | -10 ( 10 ) | -61 ( 61 )
balance at december 31 | $ -7 ( 7 ) | $ 2014 | $ 16 net investment in foreign operations hedge at december 31 , 2008 and 2007 , the company did not have any hedges of foreign currency exposure of net investments in foreign operations .investments hedge during the first quarter of 2006 , the company entered into a zero-cost collar derivative ( the 201csprint nextel derivative 201d ) to protect itself economically against price fluctuations in its 37.6 million shares of sprint nextel corporation ( 201csprint nextel 201d ) non-voting common stock .during the second quarter of 2006 , as a result of sprint nextel 2019s spin-off of embarq corporation through a dividend to sprint nextel shareholders , the company received approximately 1.9 million shares of embarq corporation .the floor and ceiling prices of the sprint nextel derivative were adjusted accordingly .the sprint nextel derivative was not designated as a hedge under the provisions of sfas no .133 , 201caccounting for derivative instruments and hedging activities . 201d accordingly , to reflect the change in fair value of the sprint nextel derivative , the company recorded a net gain of $ 99 million for the year ended december 31 , 2006 , included in other income ( expense ) in the company 2019s consolidated statements of operations .in december 2006 , the sprint nextel derivative was terminated and settled in cash and the 37.6 million shares of sprint nextel were converted to common shares and sold .the company received aggregate cash proceeds of approximately $ 820 million from the settlement of the sprint nextel derivative and the subsequent sale of the 37.6 million sprint nextel shares .the company recognized a loss of $ 126 million in connection with the sale of the remaining shares of sprint nextel common stock .as described above , the company recorded a net gain of $ 99 million in connection with the sprint nextel derivative .fair value of financial instruments the company 2019s financial instruments include cash equivalents , sigma fund investments , short-term investments , accounts receivable , long-term receivables , accounts payable , accrued liabilities , derivatives and other financing commitments .the company 2019s sigma fund , available-for-sale investment portfolios and derivatives are recorded in the company 2019s consolidated balance sheets at fair value .all other financial instruments , with the exception of long-term debt , are carried at cost , which is not materially different than the instruments 2019 fair values .using quoted market prices and market interest rates , the company determined that the fair value of long- term debt at december 31 , 2008 was $ 2.8 billion , compared to a carrying value of $ 4.1 billion .since considerable judgment is required in interpreting market information , the fair value of the long-term debt is not necessarily indicative of the amount which could be realized in a current market exchange .equity price market risk at december 31 , 2008 , the company 2019s available-for-sale equity securities portfolio had an approximate fair market value of $ 128 million , which represented a cost basis of $ 125 million and a net unrealized loss of $ 3 million .these equity securities are held for purposes other than trading .%%transmsg*** transmitting job : c49054 pcn : 105000000 ***%%pcmsg|102 |00022|yes|no|02/23/2009 19:17|0|0|page is valid , no graphics -- color : n| .
Question: what was the balance of stockholder equity in the end of 2006?
Steps: Ask for number 16
Answer: 16.0
Question: and what was it in the beginning of that year?
Steps: Ask for number 2
Answer: 2.0
Question: what was, then, the change in that balance throughout 2006?
Steps: subtract(16, 2)
Answer: 14.0
Question: what was the balance of stockholder equity in the beginning of 2006?
| 2.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
stockholders 2019 equity derivative instruments activity , net of tax , included in non-owner changes to equity within the consolidated statements of stockholders 2019 equity for the years ended december 31 , 2008 , 2007 and 2006 is as follows: . | 2008 | 2007 | 2006
balance at january 1 | $ 2014 | $ 16 | $ 2
increase ( decrease ) in fair value | -9 ( 9 ) | -6 ( 6 ) | 75
reclassifications to earnings | 2 | -10 ( 10 ) | -61 ( 61 )
balance at december 31 | $ -7 ( 7 ) | $ 2014 | $ 16 net investment in foreign operations hedge at december 31 , 2008 and 2007 , the company did not have any hedges of foreign currency exposure of net investments in foreign operations .investments hedge during the first quarter of 2006 , the company entered into a zero-cost collar derivative ( the 201csprint nextel derivative 201d ) to protect itself economically against price fluctuations in its 37.6 million shares of sprint nextel corporation ( 201csprint nextel 201d ) non-voting common stock .during the second quarter of 2006 , as a result of sprint nextel 2019s spin-off of embarq corporation through a dividend to sprint nextel shareholders , the company received approximately 1.9 million shares of embarq corporation .the floor and ceiling prices of the sprint nextel derivative were adjusted accordingly .the sprint nextel derivative was not designated as a hedge under the provisions of sfas no .133 , 201caccounting for derivative instruments and hedging activities . 201d accordingly , to reflect the change in fair value of the sprint nextel derivative , the company recorded a net gain of $ 99 million for the year ended december 31 , 2006 , included in other income ( expense ) in the company 2019s consolidated statements of operations .in december 2006 , the sprint nextel derivative was terminated and settled in cash and the 37.6 million shares of sprint nextel were converted to common shares and sold .the company received aggregate cash proceeds of approximately $ 820 million from the settlement of the sprint nextel derivative and the subsequent sale of the 37.6 million sprint nextel shares .the company recognized a loss of $ 126 million in connection with the sale of the remaining shares of sprint nextel common stock .as described above , the company recorded a net gain of $ 99 million in connection with the sprint nextel derivative .fair value of financial instruments the company 2019s financial instruments include cash equivalents , sigma fund investments , short-term investments , accounts receivable , long-term receivables , accounts payable , accrued liabilities , derivatives and other financing commitments .the company 2019s sigma fund , available-for-sale investment portfolios and derivatives are recorded in the company 2019s consolidated balance sheets at fair value .all other financial instruments , with the exception of long-term debt , are carried at cost , which is not materially different than the instruments 2019 fair values .using quoted market prices and market interest rates , the company determined that the fair value of long- term debt at december 31 , 2008 was $ 2.8 billion , compared to a carrying value of $ 4.1 billion .since considerable judgment is required in interpreting market information , the fair value of the long-term debt is not necessarily indicative of the amount which could be realized in a current market exchange .equity price market risk at december 31 , 2008 , the company 2019s available-for-sale equity securities portfolio had an approximate fair market value of $ 128 million , which represented a cost basis of $ 125 million and a net unrealized loss of $ 3 million .these equity securities are held for purposes other than trading .%%transmsg*** transmitting job : c49054 pcn : 105000000 ***%%pcmsg|102 |00022|yes|no|02/23/2009 19:17|0|0|page is valid , no graphics -- color : n| .
Question: what was the balance of stockholder equity in the end of 2006?
Steps: Ask for number 16
Answer: 16.0
Question: and what was it in the beginning of that year?
Steps: Ask for number 2
Answer: 2.0
Question: what was, then, the change in that balance throughout 2006?
Steps: subtract(16, 2)
Answer: 14.0
Question: what was the balance of stockholder equity in the beginning of 2006?
| convfinqa2317 |
stockholders 2019 equity derivative instruments activity , net of tax , included in non-owner changes to equity within the consolidated statements of stockholders 2019 equity for the years ended december 31 , 2008 , 2007 and 2006 is as follows: . | 2008 | 2007 | 2006
balance at january 1 | $ 2014 | $ 16 | $ 2
increase ( decrease ) in fair value | -9 ( 9 ) | -6 ( 6 ) | 75
reclassifications to earnings | 2 | -10 ( 10 ) | -61 ( 61 )
balance at december 31 | $ -7 ( 7 ) | $ 2014 | $ 16 net investment in foreign operations hedge at december 31 , 2008 and 2007 , the company did not have any hedges of foreign currency exposure of net investments in foreign operations .investments hedge during the first quarter of 2006 , the company entered into a zero-cost collar derivative ( the 201csprint nextel derivative 201d ) to protect itself economically against price fluctuations in its 37.6 million shares of sprint nextel corporation ( 201csprint nextel 201d ) non-voting common stock .during the second quarter of 2006 , as a result of sprint nextel 2019s spin-off of embarq corporation through a dividend to sprint nextel shareholders , the company received approximately 1.9 million shares of embarq corporation .the floor and ceiling prices of the sprint nextel derivative were adjusted accordingly .the sprint nextel derivative was not designated as a hedge under the provisions of sfas no .133 , 201caccounting for derivative instruments and hedging activities . 201d accordingly , to reflect the change in fair value of the sprint nextel derivative , the company recorded a net gain of $ 99 million for the year ended december 31 , 2006 , included in other income ( expense ) in the company 2019s consolidated statements of operations .in december 2006 , the sprint nextel derivative was terminated and settled in cash and the 37.6 million shares of sprint nextel were converted to common shares and sold .the company received aggregate cash proceeds of approximately $ 820 million from the settlement of the sprint nextel derivative and the subsequent sale of the 37.6 million sprint nextel shares .the company recognized a loss of $ 126 million in connection with the sale of the remaining shares of sprint nextel common stock .as described above , the company recorded a net gain of $ 99 million in connection with the sprint nextel derivative .fair value of financial instruments the company 2019s financial instruments include cash equivalents , sigma fund investments , short-term investments , accounts receivable , long-term receivables , accounts payable , accrued liabilities , derivatives and other financing commitments .the company 2019s sigma fund , available-for-sale investment portfolios and derivatives are recorded in the company 2019s consolidated balance sheets at fair value .all other financial instruments , with the exception of long-term debt , are carried at cost , which is not materially different than the instruments 2019 fair values .using quoted market prices and market interest rates , the company determined that the fair value of long- term debt at december 31 , 2008 was $ 2.8 billion , compared to a carrying value of $ 4.1 billion .since considerable judgment is required in interpreting market information , the fair value of the long-term debt is not necessarily indicative of the amount which could be realized in a current market exchange .equity price market risk at december 31 , 2008 , the company 2019s available-for-sale equity securities portfolio had an approximate fair market value of $ 128 million , which represented a cost basis of $ 125 million and a net unrealized loss of $ 3 million .these equity securities are held for purposes other than trading .%%transmsg*** transmitting job : c49054 pcn : 105000000 ***%%pcmsg|102 |00022|yes|no|02/23/2009 19:17|0|0|page is valid , no graphics -- color : n| .
Question: what was the balance of stockholder equity in the end of 2006?
Steps: Ask for number 16
Answer: 16.0
Question: and what was it in the beginning of that year?
Steps: Ask for number 2
Answer: 2.0
Question: what was, then, the change in that balance throughout 2006?
Steps: subtract(16, 2)
Answer: 14.0
Question: what was the balance of stockholder equity in the beginning of 2006?
Steps: Ask for number 2
Answer: 2.0
Question: and how much does that change represent in relation to this beginning of the year balance, in percentage?
| 7.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
stockholders 2019 equity derivative instruments activity , net of tax , included in non-owner changes to equity within the consolidated statements of stockholders 2019 equity for the years ended december 31 , 2008 , 2007 and 2006 is as follows: . | 2008 | 2007 | 2006
balance at january 1 | $ 2014 | $ 16 | $ 2
increase ( decrease ) in fair value | -9 ( 9 ) | -6 ( 6 ) | 75
reclassifications to earnings | 2 | -10 ( 10 ) | -61 ( 61 )
balance at december 31 | $ -7 ( 7 ) | $ 2014 | $ 16 net investment in foreign operations hedge at december 31 , 2008 and 2007 , the company did not have any hedges of foreign currency exposure of net investments in foreign operations .investments hedge during the first quarter of 2006 , the company entered into a zero-cost collar derivative ( the 201csprint nextel derivative 201d ) to protect itself economically against price fluctuations in its 37.6 million shares of sprint nextel corporation ( 201csprint nextel 201d ) non-voting common stock .during the second quarter of 2006 , as a result of sprint nextel 2019s spin-off of embarq corporation through a dividend to sprint nextel shareholders , the company received approximately 1.9 million shares of embarq corporation .the floor and ceiling prices of the sprint nextel derivative were adjusted accordingly .the sprint nextel derivative was not designated as a hedge under the provisions of sfas no .133 , 201caccounting for derivative instruments and hedging activities . 201d accordingly , to reflect the change in fair value of the sprint nextel derivative , the company recorded a net gain of $ 99 million for the year ended december 31 , 2006 , included in other income ( expense ) in the company 2019s consolidated statements of operations .in december 2006 , the sprint nextel derivative was terminated and settled in cash and the 37.6 million shares of sprint nextel were converted to common shares and sold .the company received aggregate cash proceeds of approximately $ 820 million from the settlement of the sprint nextel derivative and the subsequent sale of the 37.6 million sprint nextel shares .the company recognized a loss of $ 126 million in connection with the sale of the remaining shares of sprint nextel common stock .as described above , the company recorded a net gain of $ 99 million in connection with the sprint nextel derivative .fair value of financial instruments the company 2019s financial instruments include cash equivalents , sigma fund investments , short-term investments , accounts receivable , long-term receivables , accounts payable , accrued liabilities , derivatives and other financing commitments .the company 2019s sigma fund , available-for-sale investment portfolios and derivatives are recorded in the company 2019s consolidated balance sheets at fair value .all other financial instruments , with the exception of long-term debt , are carried at cost , which is not materially different than the instruments 2019 fair values .using quoted market prices and market interest rates , the company determined that the fair value of long- term debt at december 31 , 2008 was $ 2.8 billion , compared to a carrying value of $ 4.1 billion .since considerable judgment is required in interpreting market information , the fair value of the long-term debt is not necessarily indicative of the amount which could be realized in a current market exchange .equity price market risk at december 31 , 2008 , the company 2019s available-for-sale equity securities portfolio had an approximate fair market value of $ 128 million , which represented a cost basis of $ 125 million and a net unrealized loss of $ 3 million .these equity securities are held for purposes other than trading .%%transmsg*** transmitting job : c49054 pcn : 105000000 ***%%pcmsg|102 |00022|yes|no|02/23/2009 19:17|0|0|page is valid , no graphics -- color : n| .
Question: what was the balance of stockholder equity in the end of 2006?
Steps: Ask for number 16
Answer: 16.0
Question: and what was it in the beginning of that year?
Steps: Ask for number 2
Answer: 2.0
Question: what was, then, the change in that balance throughout 2006?
Steps: subtract(16, 2)
Answer: 14.0
Question: what was the balance of stockholder equity in the beginning of 2006?
Steps: Ask for number 2
Answer: 2.0
Question: and how much does that change represent in relation to this beginning of the year balance, in percentage?
| convfinqa2318 |
issuer purchases of equity securities ( registered pursuant to section 12 of the exchange act ) period number of shares purchased average price paid per share number of shares purchased as part of publicly announced plans or programs maximum approximate dollar value of shares that may yet be purchased under the plans or programs ( 1 ) ( millions ) . period | total number of shares purchased ( 1 ) | average price paid per share | total number of shares purchased as part of publicly announced plans or programs | maximum approximate dollar value of shares that may yet be purchased under the plans or programs ( millions )
january 1-31 2007 | 1311268 | $ 76.33 | 1277200 | $ 651
february 1-28 2007 | 6542591 | $ 75.12 | 6522500 | $ 6731
march 1-31 2007 | 8187472 | $ 75.59 | 8151700 | $ 6115
total january 1 2014 march 31 2007 | 16041331 | $ 75.46 | 15951400 | $ 6115
april 1-30 2007 | 3548221 | $ 77.55 | 3476700 | $ 5846
may 1-31 2007 | 4428219 | $ 85.84 | 4202800 | $ 5485
june 1-30 2007 | 3885033 | $ 86.58 | 3810800 | $ 5155
total april 1 2014 june 30 2007 | 11861473 | $ 83.60 | 11490300 | $ 5155
july 1-31 2007 | 1646251 | $ 89.01 | 1510300 | $ 5021
august 1-31 2007 | 2329478 | $ 87.05 | 2247300 | $ 4825
september 1-30 2007 | 2086564 | $ 90.24 | 2029600 | $ 4642
total july 1 2014 september 30 2007 | 6062293 | $ 88.68 | 5787200 | $ 4642
october 1-31 2007 | 2192302 | $ 88.89 | 2178500 | $ 4448
november 1-30 2007 | 1702375 | $ 82.35 | 1692000 | $ 4309
december 1-31 2007 | 1896612 | $ 85.41 | 1873500 | $ 4149
total october 1 2014 dec . 31 2007 | 5791289 | $ 85.83 | 5744000 | $ 4149
total january 1 2014 december 31 2007 | 39756386 | $ 81.42 | 38972900 | $ 4149 ( 1 ) the total number of shares purchased includes : ( i ) shares purchased under the board 2019s authorizations described above , and ( ii ) shares purchased in connection with the exercise of stock options ( which totaled 34068 shares in january 2007 , 20091 shares in february 2007 , 35772 shares in march 2007 , 71521 shares in april 2007 , 225419 shares in may 2007 , 74233 shares in june 2007 , 135951 shares in july 2007 , 82178 shares in august 2007 , 56964 shares in september 2007 , 13802 shares in october 2007 , 10375 shares in november 2007 , and 23112 shares in december 2007 ) . .
Question: what was the difference between the total number of shares purchased and the total number of shares purchased as part of publicly announced plans or programs?
| 783486.0 | 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.
issuer purchases of equity securities ( registered pursuant to section 12 of the exchange act ) period number of shares purchased average price paid per share number of shares purchased as part of publicly announced plans or programs maximum approximate dollar value of shares that may yet be purchased under the plans or programs ( 1 ) ( millions ) . period | total number of shares purchased ( 1 ) | average price paid per share | total number of shares purchased as part of publicly announced plans or programs | maximum approximate dollar value of shares that may yet be purchased under the plans or programs ( millions )
january 1-31 2007 | 1311268 | $ 76.33 | 1277200 | $ 651
february 1-28 2007 | 6542591 | $ 75.12 | 6522500 | $ 6731
march 1-31 2007 | 8187472 | $ 75.59 | 8151700 | $ 6115
total january 1 2014 march 31 2007 | 16041331 | $ 75.46 | 15951400 | $ 6115
april 1-30 2007 | 3548221 | $ 77.55 | 3476700 | $ 5846
may 1-31 2007 | 4428219 | $ 85.84 | 4202800 | $ 5485
june 1-30 2007 | 3885033 | $ 86.58 | 3810800 | $ 5155
total april 1 2014 june 30 2007 | 11861473 | $ 83.60 | 11490300 | $ 5155
july 1-31 2007 | 1646251 | $ 89.01 | 1510300 | $ 5021
august 1-31 2007 | 2329478 | $ 87.05 | 2247300 | $ 4825
september 1-30 2007 | 2086564 | $ 90.24 | 2029600 | $ 4642
total july 1 2014 september 30 2007 | 6062293 | $ 88.68 | 5787200 | $ 4642
october 1-31 2007 | 2192302 | $ 88.89 | 2178500 | $ 4448
november 1-30 2007 | 1702375 | $ 82.35 | 1692000 | $ 4309
december 1-31 2007 | 1896612 | $ 85.41 | 1873500 | $ 4149
total october 1 2014 dec . 31 2007 | 5791289 | $ 85.83 | 5744000 | $ 4149
total january 1 2014 december 31 2007 | 39756386 | $ 81.42 | 38972900 | $ 4149 ( 1 ) the total number of shares purchased includes : ( i ) shares purchased under the board 2019s authorizations described above , and ( ii ) shares purchased in connection with the exercise of stock options ( which totaled 34068 shares in january 2007 , 20091 shares in february 2007 , 35772 shares in march 2007 , 71521 shares in april 2007 , 225419 shares in may 2007 , 74233 shares in june 2007 , 135951 shares in july 2007 , 82178 shares in august 2007 , 56964 shares in september 2007 , 13802 shares in october 2007 , 10375 shares in november 2007 , and 23112 shares in december 2007 ) . .
Question: what was the difference between the total number of shares purchased and the total number of shares purchased as part of publicly announced plans or programs?
| convfinqa2319 |
issuer purchases of equity securities ( registered pursuant to section 12 of the exchange act ) period number of shares purchased average price paid per share number of shares purchased as part of publicly announced plans or programs maximum approximate dollar value of shares that may yet be purchased under the plans or programs ( 1 ) ( millions ) . period | total number of shares purchased ( 1 ) | average price paid per share | total number of shares purchased as part of publicly announced plans or programs | maximum approximate dollar value of shares that may yet be purchased under the plans or programs ( millions )
january 1-31 2007 | 1311268 | $ 76.33 | 1277200 | $ 651
february 1-28 2007 | 6542591 | $ 75.12 | 6522500 | $ 6731
march 1-31 2007 | 8187472 | $ 75.59 | 8151700 | $ 6115
total january 1 2014 march 31 2007 | 16041331 | $ 75.46 | 15951400 | $ 6115
april 1-30 2007 | 3548221 | $ 77.55 | 3476700 | $ 5846
may 1-31 2007 | 4428219 | $ 85.84 | 4202800 | $ 5485
june 1-30 2007 | 3885033 | $ 86.58 | 3810800 | $ 5155
total april 1 2014 june 30 2007 | 11861473 | $ 83.60 | 11490300 | $ 5155
july 1-31 2007 | 1646251 | $ 89.01 | 1510300 | $ 5021
august 1-31 2007 | 2329478 | $ 87.05 | 2247300 | $ 4825
september 1-30 2007 | 2086564 | $ 90.24 | 2029600 | $ 4642
total july 1 2014 september 30 2007 | 6062293 | $ 88.68 | 5787200 | $ 4642
october 1-31 2007 | 2192302 | $ 88.89 | 2178500 | $ 4448
november 1-30 2007 | 1702375 | $ 82.35 | 1692000 | $ 4309
december 1-31 2007 | 1896612 | $ 85.41 | 1873500 | $ 4149
total october 1 2014 dec . 31 2007 | 5791289 | $ 85.83 | 5744000 | $ 4149
total january 1 2014 december 31 2007 | 39756386 | $ 81.42 | 38972900 | $ 4149 ( 1 ) the total number of shares purchased includes : ( i ) shares purchased under the board 2019s authorizations described above , and ( ii ) shares purchased in connection with the exercise of stock options ( which totaled 34068 shares in january 2007 , 20091 shares in february 2007 , 35772 shares in march 2007 , 71521 shares in april 2007 , 225419 shares in may 2007 , 74233 shares in june 2007 , 135951 shares in july 2007 , 82178 shares in august 2007 , 56964 shares in september 2007 , 13802 shares in october 2007 , 10375 shares in november 2007 , and 23112 shares in december 2007 ) . .
Question: what was the difference between the total number of shares purchased and the total number of shares purchased as part of publicly announced plans or programs?
Steps: subtract(39756386, 38972900)
Answer: 783486.0
Question: what was the total number of shares purchased as part of publicly announced plans or programs?
| 38972900.0 | 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.
issuer purchases of equity securities ( registered pursuant to section 12 of the exchange act ) period number of shares purchased average price paid per share number of shares purchased as part of publicly announced plans or programs maximum approximate dollar value of shares that may yet be purchased under the plans or programs ( 1 ) ( millions ) . period | total number of shares purchased ( 1 ) | average price paid per share | total number of shares purchased as part of publicly announced plans or programs | maximum approximate dollar value of shares that may yet be purchased under the plans or programs ( millions )
january 1-31 2007 | 1311268 | $ 76.33 | 1277200 | $ 651
february 1-28 2007 | 6542591 | $ 75.12 | 6522500 | $ 6731
march 1-31 2007 | 8187472 | $ 75.59 | 8151700 | $ 6115
total january 1 2014 march 31 2007 | 16041331 | $ 75.46 | 15951400 | $ 6115
april 1-30 2007 | 3548221 | $ 77.55 | 3476700 | $ 5846
may 1-31 2007 | 4428219 | $ 85.84 | 4202800 | $ 5485
june 1-30 2007 | 3885033 | $ 86.58 | 3810800 | $ 5155
total april 1 2014 june 30 2007 | 11861473 | $ 83.60 | 11490300 | $ 5155
july 1-31 2007 | 1646251 | $ 89.01 | 1510300 | $ 5021
august 1-31 2007 | 2329478 | $ 87.05 | 2247300 | $ 4825
september 1-30 2007 | 2086564 | $ 90.24 | 2029600 | $ 4642
total july 1 2014 september 30 2007 | 6062293 | $ 88.68 | 5787200 | $ 4642
october 1-31 2007 | 2192302 | $ 88.89 | 2178500 | $ 4448
november 1-30 2007 | 1702375 | $ 82.35 | 1692000 | $ 4309
december 1-31 2007 | 1896612 | $ 85.41 | 1873500 | $ 4149
total october 1 2014 dec . 31 2007 | 5791289 | $ 85.83 | 5744000 | $ 4149
total january 1 2014 december 31 2007 | 39756386 | $ 81.42 | 38972900 | $ 4149 ( 1 ) the total number of shares purchased includes : ( i ) shares purchased under the board 2019s authorizations described above , and ( ii ) shares purchased in connection with the exercise of stock options ( which totaled 34068 shares in january 2007 , 20091 shares in february 2007 , 35772 shares in march 2007 , 71521 shares in april 2007 , 225419 shares in may 2007 , 74233 shares in june 2007 , 135951 shares in july 2007 , 82178 shares in august 2007 , 56964 shares in september 2007 , 13802 shares in october 2007 , 10375 shares in november 2007 , and 23112 shares in december 2007 ) . .
Question: what was the difference between the total number of shares purchased and the total number of shares purchased as part of publicly announced plans or programs?
Steps: subtract(39756386, 38972900)
Answer: 783486.0
Question: what was the total number of shares purchased as part of publicly announced plans or programs?
| convfinqa2320 |
issuer purchases of equity securities ( registered pursuant to section 12 of the exchange act ) period number of shares purchased average price paid per share number of shares purchased as part of publicly announced plans or programs maximum approximate dollar value of shares that may yet be purchased under the plans or programs ( 1 ) ( millions ) . period | total number of shares purchased ( 1 ) | average price paid per share | total number of shares purchased as part of publicly announced plans or programs | maximum approximate dollar value of shares that may yet be purchased under the plans or programs ( millions )
january 1-31 2007 | 1311268 | $ 76.33 | 1277200 | $ 651
february 1-28 2007 | 6542591 | $ 75.12 | 6522500 | $ 6731
march 1-31 2007 | 8187472 | $ 75.59 | 8151700 | $ 6115
total january 1 2014 march 31 2007 | 16041331 | $ 75.46 | 15951400 | $ 6115
april 1-30 2007 | 3548221 | $ 77.55 | 3476700 | $ 5846
may 1-31 2007 | 4428219 | $ 85.84 | 4202800 | $ 5485
june 1-30 2007 | 3885033 | $ 86.58 | 3810800 | $ 5155
total april 1 2014 june 30 2007 | 11861473 | $ 83.60 | 11490300 | $ 5155
july 1-31 2007 | 1646251 | $ 89.01 | 1510300 | $ 5021
august 1-31 2007 | 2329478 | $ 87.05 | 2247300 | $ 4825
september 1-30 2007 | 2086564 | $ 90.24 | 2029600 | $ 4642
total july 1 2014 september 30 2007 | 6062293 | $ 88.68 | 5787200 | $ 4642
october 1-31 2007 | 2192302 | $ 88.89 | 2178500 | $ 4448
november 1-30 2007 | 1702375 | $ 82.35 | 1692000 | $ 4309
december 1-31 2007 | 1896612 | $ 85.41 | 1873500 | $ 4149
total october 1 2014 dec . 31 2007 | 5791289 | $ 85.83 | 5744000 | $ 4149
total january 1 2014 december 31 2007 | 39756386 | $ 81.42 | 38972900 | $ 4149 ( 1 ) the total number of shares purchased includes : ( i ) shares purchased under the board 2019s authorizations described above , and ( ii ) shares purchased in connection with the exercise of stock options ( which totaled 34068 shares in january 2007 , 20091 shares in february 2007 , 35772 shares in march 2007 , 71521 shares in april 2007 , 225419 shares in may 2007 , 74233 shares in june 2007 , 135951 shares in july 2007 , 82178 shares in august 2007 , 56964 shares in september 2007 , 13802 shares in october 2007 , 10375 shares in november 2007 , and 23112 shares in december 2007 ) . .
Question: what was the difference between the total number of shares purchased and the total number of shares purchased as part of publicly announced plans or programs?
Steps: subtract(39756386, 38972900)
Answer: 783486.0
Question: what was the total number of shares purchased as part of publicly announced plans or programs?
Steps: Ask for number 38972900
Answer: 38972900.0
Question: and how much does that difference represent percentually in relation to this total?
| 0.0201 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
issuer purchases of equity securities ( registered pursuant to section 12 of the exchange act ) period number of shares purchased average price paid per share number of shares purchased as part of publicly announced plans or programs maximum approximate dollar value of shares that may yet be purchased under the plans or programs ( 1 ) ( millions ) . period | total number of shares purchased ( 1 ) | average price paid per share | total number of shares purchased as part of publicly announced plans or programs | maximum approximate dollar value of shares that may yet be purchased under the plans or programs ( millions )
january 1-31 2007 | 1311268 | $ 76.33 | 1277200 | $ 651
february 1-28 2007 | 6542591 | $ 75.12 | 6522500 | $ 6731
march 1-31 2007 | 8187472 | $ 75.59 | 8151700 | $ 6115
total january 1 2014 march 31 2007 | 16041331 | $ 75.46 | 15951400 | $ 6115
april 1-30 2007 | 3548221 | $ 77.55 | 3476700 | $ 5846
may 1-31 2007 | 4428219 | $ 85.84 | 4202800 | $ 5485
june 1-30 2007 | 3885033 | $ 86.58 | 3810800 | $ 5155
total april 1 2014 june 30 2007 | 11861473 | $ 83.60 | 11490300 | $ 5155
july 1-31 2007 | 1646251 | $ 89.01 | 1510300 | $ 5021
august 1-31 2007 | 2329478 | $ 87.05 | 2247300 | $ 4825
september 1-30 2007 | 2086564 | $ 90.24 | 2029600 | $ 4642
total july 1 2014 september 30 2007 | 6062293 | $ 88.68 | 5787200 | $ 4642
october 1-31 2007 | 2192302 | $ 88.89 | 2178500 | $ 4448
november 1-30 2007 | 1702375 | $ 82.35 | 1692000 | $ 4309
december 1-31 2007 | 1896612 | $ 85.41 | 1873500 | $ 4149
total october 1 2014 dec . 31 2007 | 5791289 | $ 85.83 | 5744000 | $ 4149
total january 1 2014 december 31 2007 | 39756386 | $ 81.42 | 38972900 | $ 4149 ( 1 ) the total number of shares purchased includes : ( i ) shares purchased under the board 2019s authorizations described above , and ( ii ) shares purchased in connection with the exercise of stock options ( which totaled 34068 shares in january 2007 , 20091 shares in february 2007 , 35772 shares in march 2007 , 71521 shares in april 2007 , 225419 shares in may 2007 , 74233 shares in june 2007 , 135951 shares in july 2007 , 82178 shares in august 2007 , 56964 shares in september 2007 , 13802 shares in october 2007 , 10375 shares in november 2007 , and 23112 shares in december 2007 ) . .
Question: what was the difference between the total number of shares purchased and the total number of shares purchased as part of publicly announced plans or programs?
Steps: subtract(39756386, 38972900)
Answer: 783486.0
Question: what was the total number of shares purchased as part of publicly announced plans or programs?
Steps: Ask for number 38972900
Answer: 38972900.0
Question: and how much does that difference represent percentually in relation to this total?
| convfinqa2321 |
anticipated or possible short-term cash needs , prevailing interest rates , our investment policy and alternative investment choices .a majority of our cash and cash equivalents balance is invested in money market mutual funds that invest only in u.s .treasury securities or u.s .government agency securities .our exposure to risk is minimal given the nature of the investments .our practice is to have our pension plan 100% ( 100 % ) funded at each year end on a projected benefit obligation basis , while also satisfying any minimum required contribution and obtaining the maximum tax deduction .based on our actuarial projections , we estimate that a $ 14.1 million contribution in 2011 will allow us to meet our funding goal .however , the amount of the actual contribution is contingent on the actual rate of return on our plan assets during 2011 and the december 31 , 2011 discount rate .net current deferred tax assets of $ 18.3 million and $ 23.8 million are included in other current assets at december 31 , 2010 and 2009 , respectively .total net current deferred tax assets include unrealized losses , stock- based compensation and accrued expenses .net long-term deferred tax liabilities were $ 7.8 billion and $ 7.6 billion at december 31 , 2010 and 2009 , respectively .net deferred tax liabilities are principally the result of purchase accounting for intangible assets in our various mergers including cbot holdings and nymex holdings .we have a long-term deferred tax asset of $ 145.7 million included within our domestic long-term deferred tax liability .this deferred tax asset is for an unrealized capital loss incurred in brazil related to our investment in bm&fbovespa .as of december 31 , 2010 , we do not believe that we currently meet the more-likely-than-not threshold that would allow us to fully realize the value of the unrealized capital loss .as a result , a partial valuation allowance of $ 64.4 million has been provided for the amount of the unrealized capital loss that exceeds potential capital gains that could be used to offset the capital loss in future periods .we also have a long-term deferred tax asset related to brazilian taxes of $ 125.3 million for an unrealized capital loss incurred in brazil related to our investment in bm&fbovespa .a full valuation allowance of $ 125.3 million has been provided because we do not believe that we currently meet the more-likely-than-not threshold that would allow us to realize the value of the unrealized capital loss in brazil in the future .valuation allowances of $ 49.4 million have also been provided for additional unrealized capital losses on various other investments .net long-term deferred tax assets also include a $ 19.3 million deferred tax asset for foreign net operating losses related to swapstream .our assessment at december 31 , 2010 was that we did not currently meet the more-likely- than-not threshold that would allow us to realize the value of acquired and accumulated foreign net operating losses in the future .as a result , the $ 19.3 million deferred tax assets arising from these net operating losses have been fully reserved .each clearing firm is required to deposit and maintain specified performance bond collateral .performance bond requirements are determined by parameters established by the risk management department of the clearing house and may fluctuate over time .we accept a variety of collateral to satisfy performance bond requirements .cash performance bonds and guaranty fund contributions are included in our consolidated balance sheets .clearing firm deposits , other than those retained in the form of cash , are not included in our consolidated balance sheets .the balances in cash performance bonds and guaranty fund contributions may fluctuate significantly over time .cash performance bonds and guaranty fund contributions consisted of the following at december 31: . ( in millions ) | 2010 | 2009
cash performance bonds | $ 3717.0 | $ 5834.6
cash guaranty fund contributions | 231.8 | 102.6
cross-margin arrangements | 79.7 | 10.6
performance collateral for delivery | 10.0 | 34.1
total | $ 4038.5 | $ 5981.9 .
Question: what was the total of the net current deferred tax assets in 2010, in dollars?
| 18300000.0 | 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.
anticipated or possible short-term cash needs , prevailing interest rates , our investment policy and alternative investment choices .a majority of our cash and cash equivalents balance is invested in money market mutual funds that invest only in u.s .treasury securities or u.s .government agency securities .our exposure to risk is minimal given the nature of the investments .our practice is to have our pension plan 100% ( 100 % ) funded at each year end on a projected benefit obligation basis , while also satisfying any minimum required contribution and obtaining the maximum tax deduction .based on our actuarial projections , we estimate that a $ 14.1 million contribution in 2011 will allow us to meet our funding goal .however , the amount of the actual contribution is contingent on the actual rate of return on our plan assets during 2011 and the december 31 , 2011 discount rate .net current deferred tax assets of $ 18.3 million and $ 23.8 million are included in other current assets at december 31 , 2010 and 2009 , respectively .total net current deferred tax assets include unrealized losses , stock- based compensation and accrued expenses .net long-term deferred tax liabilities were $ 7.8 billion and $ 7.6 billion at december 31 , 2010 and 2009 , respectively .net deferred tax liabilities are principally the result of purchase accounting for intangible assets in our various mergers including cbot holdings and nymex holdings .we have a long-term deferred tax asset of $ 145.7 million included within our domestic long-term deferred tax liability .this deferred tax asset is for an unrealized capital loss incurred in brazil related to our investment in bm&fbovespa .as of december 31 , 2010 , we do not believe that we currently meet the more-likely-than-not threshold that would allow us to fully realize the value of the unrealized capital loss .as a result , a partial valuation allowance of $ 64.4 million has been provided for the amount of the unrealized capital loss that exceeds potential capital gains that could be used to offset the capital loss in future periods .we also have a long-term deferred tax asset related to brazilian taxes of $ 125.3 million for an unrealized capital loss incurred in brazil related to our investment in bm&fbovespa .a full valuation allowance of $ 125.3 million has been provided because we do not believe that we currently meet the more-likely-than-not threshold that would allow us to realize the value of the unrealized capital loss in brazil in the future .valuation allowances of $ 49.4 million have also been provided for additional unrealized capital losses on various other investments .net long-term deferred tax assets also include a $ 19.3 million deferred tax asset for foreign net operating losses related to swapstream .our assessment at december 31 , 2010 was that we did not currently meet the more-likely- than-not threshold that would allow us to realize the value of acquired and accumulated foreign net operating losses in the future .as a result , the $ 19.3 million deferred tax assets arising from these net operating losses have been fully reserved .each clearing firm is required to deposit and maintain specified performance bond collateral .performance bond requirements are determined by parameters established by the risk management department of the clearing house and may fluctuate over time .we accept a variety of collateral to satisfy performance bond requirements .cash performance bonds and guaranty fund contributions are included in our consolidated balance sheets .clearing firm deposits , other than those retained in the form of cash , are not included in our consolidated balance sheets .the balances in cash performance bonds and guaranty fund contributions may fluctuate significantly over time .cash performance bonds and guaranty fund contributions consisted of the following at december 31: . ( in millions ) | 2010 | 2009
cash performance bonds | $ 3717.0 | $ 5834.6
cash guaranty fund contributions | 231.8 | 102.6
cross-margin arrangements | 79.7 | 10.6
performance collateral for delivery | 10.0 | 34.1
total | $ 4038.5 | $ 5981.9 .
Question: what was the total of the net current deferred tax assets in 2010, in dollars?
| convfinqa2322 |
anticipated or possible short-term cash needs , prevailing interest rates , our investment policy and alternative investment choices .a majority of our cash and cash equivalents balance is invested in money market mutual funds that invest only in u.s .treasury securities or u.s .government agency securities .our exposure to risk is minimal given the nature of the investments .our practice is to have our pension plan 100% ( 100 % ) funded at each year end on a projected benefit obligation basis , while also satisfying any minimum required contribution and obtaining the maximum tax deduction .based on our actuarial projections , we estimate that a $ 14.1 million contribution in 2011 will allow us to meet our funding goal .however , the amount of the actual contribution is contingent on the actual rate of return on our plan assets during 2011 and the december 31 , 2011 discount rate .net current deferred tax assets of $ 18.3 million and $ 23.8 million are included in other current assets at december 31 , 2010 and 2009 , respectively .total net current deferred tax assets include unrealized losses , stock- based compensation and accrued expenses .net long-term deferred tax liabilities were $ 7.8 billion and $ 7.6 billion at december 31 , 2010 and 2009 , respectively .net deferred tax liabilities are principally the result of purchase accounting for intangible assets in our various mergers including cbot holdings and nymex holdings .we have a long-term deferred tax asset of $ 145.7 million included within our domestic long-term deferred tax liability .this deferred tax asset is for an unrealized capital loss incurred in brazil related to our investment in bm&fbovespa .as of december 31 , 2010 , we do not believe that we currently meet the more-likely-than-not threshold that would allow us to fully realize the value of the unrealized capital loss .as a result , a partial valuation allowance of $ 64.4 million has been provided for the amount of the unrealized capital loss that exceeds potential capital gains that could be used to offset the capital loss in future periods .we also have a long-term deferred tax asset related to brazilian taxes of $ 125.3 million for an unrealized capital loss incurred in brazil related to our investment in bm&fbovespa .a full valuation allowance of $ 125.3 million has been provided because we do not believe that we currently meet the more-likely-than-not threshold that would allow us to realize the value of the unrealized capital loss in brazil in the future .valuation allowances of $ 49.4 million have also been provided for additional unrealized capital losses on various other investments .net long-term deferred tax assets also include a $ 19.3 million deferred tax asset for foreign net operating losses related to swapstream .our assessment at december 31 , 2010 was that we did not currently meet the more-likely- than-not threshold that would allow us to realize the value of acquired and accumulated foreign net operating losses in the future .as a result , the $ 19.3 million deferred tax assets arising from these net operating losses have been fully reserved .each clearing firm is required to deposit and maintain specified performance bond collateral .performance bond requirements are determined by parameters established by the risk management department of the clearing house and may fluctuate over time .we accept a variety of collateral to satisfy performance bond requirements .cash performance bonds and guaranty fund contributions are included in our consolidated balance sheets .clearing firm deposits , other than those retained in the form of cash , are not included in our consolidated balance sheets .the balances in cash performance bonds and guaranty fund contributions may fluctuate significantly over time .cash performance bonds and guaranty fund contributions consisted of the following at december 31: . ( in millions ) | 2010 | 2009
cash performance bonds | $ 3717.0 | $ 5834.6
cash guaranty fund contributions | 231.8 | 102.6
cross-margin arrangements | 79.7 | 10.6
performance collateral for delivery | 10.0 | 34.1
total | $ 4038.5 | $ 5981.9 .
Question: what was the total of the net current deferred tax assets in 2010, in dollars?
Steps: multiply(18.3, const_1000000)
Answer: 18300000.0
Question: and what was the total of the net long-term deferred tax liabilities in that same year, in thousands of dollars?
| 7800000.0 | 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.
anticipated or possible short-term cash needs , prevailing interest rates , our investment policy and alternative investment choices .a majority of our cash and cash equivalents balance is invested in money market mutual funds that invest only in u.s .treasury securities or u.s .government agency securities .our exposure to risk is minimal given the nature of the investments .our practice is to have our pension plan 100% ( 100 % ) funded at each year end on a projected benefit obligation basis , while also satisfying any minimum required contribution and obtaining the maximum tax deduction .based on our actuarial projections , we estimate that a $ 14.1 million contribution in 2011 will allow us to meet our funding goal .however , the amount of the actual contribution is contingent on the actual rate of return on our plan assets during 2011 and the december 31 , 2011 discount rate .net current deferred tax assets of $ 18.3 million and $ 23.8 million are included in other current assets at december 31 , 2010 and 2009 , respectively .total net current deferred tax assets include unrealized losses , stock- based compensation and accrued expenses .net long-term deferred tax liabilities were $ 7.8 billion and $ 7.6 billion at december 31 , 2010 and 2009 , respectively .net deferred tax liabilities are principally the result of purchase accounting for intangible assets in our various mergers including cbot holdings and nymex holdings .we have a long-term deferred tax asset of $ 145.7 million included within our domestic long-term deferred tax liability .this deferred tax asset is for an unrealized capital loss incurred in brazil related to our investment in bm&fbovespa .as of december 31 , 2010 , we do not believe that we currently meet the more-likely-than-not threshold that would allow us to fully realize the value of the unrealized capital loss .as a result , a partial valuation allowance of $ 64.4 million has been provided for the amount of the unrealized capital loss that exceeds potential capital gains that could be used to offset the capital loss in future periods .we also have a long-term deferred tax asset related to brazilian taxes of $ 125.3 million for an unrealized capital loss incurred in brazil related to our investment in bm&fbovespa .a full valuation allowance of $ 125.3 million has been provided because we do not believe that we currently meet the more-likely-than-not threshold that would allow us to realize the value of the unrealized capital loss in brazil in the future .valuation allowances of $ 49.4 million have also been provided for additional unrealized capital losses on various other investments .net long-term deferred tax assets also include a $ 19.3 million deferred tax asset for foreign net operating losses related to swapstream .our assessment at december 31 , 2010 was that we did not currently meet the more-likely- than-not threshold that would allow us to realize the value of acquired and accumulated foreign net operating losses in the future .as a result , the $ 19.3 million deferred tax assets arising from these net operating losses have been fully reserved .each clearing firm is required to deposit and maintain specified performance bond collateral .performance bond requirements are determined by parameters established by the risk management department of the clearing house and may fluctuate over time .we accept a variety of collateral to satisfy performance bond requirements .cash performance bonds and guaranty fund contributions are included in our consolidated balance sheets .clearing firm deposits , other than those retained in the form of cash , are not included in our consolidated balance sheets .the balances in cash performance bonds and guaranty fund contributions may fluctuate significantly over time .cash performance bonds and guaranty fund contributions consisted of the following at december 31: . ( in millions ) | 2010 | 2009
cash performance bonds | $ 3717.0 | $ 5834.6
cash guaranty fund contributions | 231.8 | 102.6
cross-margin arrangements | 79.7 | 10.6
performance collateral for delivery | 10.0 | 34.1
total | $ 4038.5 | $ 5981.9 .
Question: what was the total of the net current deferred tax assets in 2010, in dollars?
Steps: multiply(18.3, const_1000000)
Answer: 18300000.0
Question: and what was the total of the net long-term deferred tax liabilities in that same year, in thousands of dollars?
| convfinqa2323 |
anticipated or possible short-term cash needs , prevailing interest rates , our investment policy and alternative investment choices .a majority of our cash and cash equivalents balance is invested in money market mutual funds that invest only in u.s .treasury securities or u.s .government agency securities .our exposure to risk is minimal given the nature of the investments .our practice is to have our pension plan 100% ( 100 % ) funded at each year end on a projected benefit obligation basis , while also satisfying any minimum required contribution and obtaining the maximum tax deduction .based on our actuarial projections , we estimate that a $ 14.1 million contribution in 2011 will allow us to meet our funding goal .however , the amount of the actual contribution is contingent on the actual rate of return on our plan assets during 2011 and the december 31 , 2011 discount rate .net current deferred tax assets of $ 18.3 million and $ 23.8 million are included in other current assets at december 31 , 2010 and 2009 , respectively .total net current deferred tax assets include unrealized losses , stock- based compensation and accrued expenses .net long-term deferred tax liabilities were $ 7.8 billion and $ 7.6 billion at december 31 , 2010 and 2009 , respectively .net deferred tax liabilities are principally the result of purchase accounting for intangible assets in our various mergers including cbot holdings and nymex holdings .we have a long-term deferred tax asset of $ 145.7 million included within our domestic long-term deferred tax liability .this deferred tax asset is for an unrealized capital loss incurred in brazil related to our investment in bm&fbovespa .as of december 31 , 2010 , we do not believe that we currently meet the more-likely-than-not threshold that would allow us to fully realize the value of the unrealized capital loss .as a result , a partial valuation allowance of $ 64.4 million has been provided for the amount of the unrealized capital loss that exceeds potential capital gains that could be used to offset the capital loss in future periods .we also have a long-term deferred tax asset related to brazilian taxes of $ 125.3 million for an unrealized capital loss incurred in brazil related to our investment in bm&fbovespa .a full valuation allowance of $ 125.3 million has been provided because we do not believe that we currently meet the more-likely-than-not threshold that would allow us to realize the value of the unrealized capital loss in brazil in the future .valuation allowances of $ 49.4 million have also been provided for additional unrealized capital losses on various other investments .net long-term deferred tax assets also include a $ 19.3 million deferred tax asset for foreign net operating losses related to swapstream .our assessment at december 31 , 2010 was that we did not currently meet the more-likely- than-not threshold that would allow us to realize the value of acquired and accumulated foreign net operating losses in the future .as a result , the $ 19.3 million deferred tax assets arising from these net operating losses have been fully reserved .each clearing firm is required to deposit and maintain specified performance bond collateral .performance bond requirements are determined by parameters established by the risk management department of the clearing house and may fluctuate over time .we accept a variety of collateral to satisfy performance bond requirements .cash performance bonds and guaranty fund contributions are included in our consolidated balance sheets .clearing firm deposits , other than those retained in the form of cash , are not included in our consolidated balance sheets .the balances in cash performance bonds and guaranty fund contributions may fluctuate significantly over time .cash performance bonds and guaranty fund contributions consisted of the following at december 31: . ( in millions ) | 2010 | 2009
cash performance bonds | $ 3717.0 | $ 5834.6
cash guaranty fund contributions | 231.8 | 102.6
cross-margin arrangements | 79.7 | 10.6
performance collateral for delivery | 10.0 | 34.1
total | $ 4038.5 | $ 5981.9 .
Question: what was the total of the net current deferred tax assets in 2010, in dollars?
Steps: multiply(18.3, const_1000000)
Answer: 18300000.0
Question: and what was the total of the net long-term deferred tax liabilities in that same year, in thousands of dollars?
Steps: multiply(7.8, const_1000000)
Answer: 7800000.0
Question: and how much is that in dollars?
| 7800000000.0 | 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.
anticipated or possible short-term cash needs , prevailing interest rates , our investment policy and alternative investment choices .a majority of our cash and cash equivalents balance is invested in money market mutual funds that invest only in u.s .treasury securities or u.s .government agency securities .our exposure to risk is minimal given the nature of the investments .our practice is to have our pension plan 100% ( 100 % ) funded at each year end on a projected benefit obligation basis , while also satisfying any minimum required contribution and obtaining the maximum tax deduction .based on our actuarial projections , we estimate that a $ 14.1 million contribution in 2011 will allow us to meet our funding goal .however , the amount of the actual contribution is contingent on the actual rate of return on our plan assets during 2011 and the december 31 , 2011 discount rate .net current deferred tax assets of $ 18.3 million and $ 23.8 million are included in other current assets at december 31 , 2010 and 2009 , respectively .total net current deferred tax assets include unrealized losses , stock- based compensation and accrued expenses .net long-term deferred tax liabilities were $ 7.8 billion and $ 7.6 billion at december 31 , 2010 and 2009 , respectively .net deferred tax liabilities are principally the result of purchase accounting for intangible assets in our various mergers including cbot holdings and nymex holdings .we have a long-term deferred tax asset of $ 145.7 million included within our domestic long-term deferred tax liability .this deferred tax asset is for an unrealized capital loss incurred in brazil related to our investment in bm&fbovespa .as of december 31 , 2010 , we do not believe that we currently meet the more-likely-than-not threshold that would allow us to fully realize the value of the unrealized capital loss .as a result , a partial valuation allowance of $ 64.4 million has been provided for the amount of the unrealized capital loss that exceeds potential capital gains that could be used to offset the capital loss in future periods .we also have a long-term deferred tax asset related to brazilian taxes of $ 125.3 million for an unrealized capital loss incurred in brazil related to our investment in bm&fbovespa .a full valuation allowance of $ 125.3 million has been provided because we do not believe that we currently meet the more-likely-than-not threshold that would allow us to realize the value of the unrealized capital loss in brazil in the future .valuation allowances of $ 49.4 million have also been provided for additional unrealized capital losses on various other investments .net long-term deferred tax assets also include a $ 19.3 million deferred tax asset for foreign net operating losses related to swapstream .our assessment at december 31 , 2010 was that we did not currently meet the more-likely- than-not threshold that would allow us to realize the value of acquired and accumulated foreign net operating losses in the future .as a result , the $ 19.3 million deferred tax assets arising from these net operating losses have been fully reserved .each clearing firm is required to deposit and maintain specified performance bond collateral .performance bond requirements are determined by parameters established by the risk management department of the clearing house and may fluctuate over time .we accept a variety of collateral to satisfy performance bond requirements .cash performance bonds and guaranty fund contributions are included in our consolidated balance sheets .clearing firm deposits , other than those retained in the form of cash , are not included in our consolidated balance sheets .the balances in cash performance bonds and guaranty fund contributions may fluctuate significantly over time .cash performance bonds and guaranty fund contributions consisted of the following at december 31: . ( in millions ) | 2010 | 2009
cash performance bonds | $ 3717.0 | $ 5834.6
cash guaranty fund contributions | 231.8 | 102.6
cross-margin arrangements | 79.7 | 10.6
performance collateral for delivery | 10.0 | 34.1
total | $ 4038.5 | $ 5981.9 .
Question: what was the total of the net current deferred tax assets in 2010, in dollars?
Steps: multiply(18.3, const_1000000)
Answer: 18300000.0
Question: and what was the total of the net long-term deferred tax liabilities in that same year, in thousands of dollars?
Steps: multiply(7.8, const_1000000)
Answer: 7800000.0
Question: and how much is that in dollars?
| convfinqa2324 |
anticipated or possible short-term cash needs , prevailing interest rates , our investment policy and alternative investment choices .a majority of our cash and cash equivalents balance is invested in money market mutual funds that invest only in u.s .treasury securities or u.s .government agency securities .our exposure to risk is minimal given the nature of the investments .our practice is to have our pension plan 100% ( 100 % ) funded at each year end on a projected benefit obligation basis , while also satisfying any minimum required contribution and obtaining the maximum tax deduction .based on our actuarial projections , we estimate that a $ 14.1 million contribution in 2011 will allow us to meet our funding goal .however , the amount of the actual contribution is contingent on the actual rate of return on our plan assets during 2011 and the december 31 , 2011 discount rate .net current deferred tax assets of $ 18.3 million and $ 23.8 million are included in other current assets at december 31 , 2010 and 2009 , respectively .total net current deferred tax assets include unrealized losses , stock- based compensation and accrued expenses .net long-term deferred tax liabilities were $ 7.8 billion and $ 7.6 billion at december 31 , 2010 and 2009 , respectively .net deferred tax liabilities are principally the result of purchase accounting for intangible assets in our various mergers including cbot holdings and nymex holdings .we have a long-term deferred tax asset of $ 145.7 million included within our domestic long-term deferred tax liability .this deferred tax asset is for an unrealized capital loss incurred in brazil related to our investment in bm&fbovespa .as of december 31 , 2010 , we do not believe that we currently meet the more-likely-than-not threshold that would allow us to fully realize the value of the unrealized capital loss .as a result , a partial valuation allowance of $ 64.4 million has been provided for the amount of the unrealized capital loss that exceeds potential capital gains that could be used to offset the capital loss in future periods .we also have a long-term deferred tax asset related to brazilian taxes of $ 125.3 million for an unrealized capital loss incurred in brazil related to our investment in bm&fbovespa .a full valuation allowance of $ 125.3 million has been provided because we do not believe that we currently meet the more-likely-than-not threshold that would allow us to realize the value of the unrealized capital loss in brazil in the future .valuation allowances of $ 49.4 million have also been provided for additional unrealized capital losses on various other investments .net long-term deferred tax assets also include a $ 19.3 million deferred tax asset for foreign net operating losses related to swapstream .our assessment at december 31 , 2010 was that we did not currently meet the more-likely- than-not threshold that would allow us to realize the value of acquired and accumulated foreign net operating losses in the future .as a result , the $ 19.3 million deferred tax assets arising from these net operating losses have been fully reserved .each clearing firm is required to deposit and maintain specified performance bond collateral .performance bond requirements are determined by parameters established by the risk management department of the clearing house and may fluctuate over time .we accept a variety of collateral to satisfy performance bond requirements .cash performance bonds and guaranty fund contributions are included in our consolidated balance sheets .clearing firm deposits , other than those retained in the form of cash , are not included in our consolidated balance sheets .the balances in cash performance bonds and guaranty fund contributions may fluctuate significantly over time .cash performance bonds and guaranty fund contributions consisted of the following at december 31: . ( in millions ) | 2010 | 2009
cash performance bonds | $ 3717.0 | $ 5834.6
cash guaranty fund contributions | 231.8 | 102.6
cross-margin arrangements | 79.7 | 10.6
performance collateral for delivery | 10.0 | 34.1
total | $ 4038.5 | $ 5981.9 .
Question: what was the total of the net current deferred tax assets in 2010, in dollars?
Steps: multiply(18.3, const_1000000)
Answer: 18300000.0
Question: and what was the total of the net long-term deferred tax liabilities in that same year, in thousands of dollars?
Steps: multiply(7.8, const_1000000)
Answer: 7800000.0
Question: and how much is that in dollars?
Steps: multiply(A1, const_1000)
Answer: 7800000000.0
Question: what is, then, the difference between the total of the net long-term deferred tax liabilities and the net current deferred tax assets one in 2010, in dollars?
| 7781700000.0 | 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.
anticipated or possible short-term cash needs , prevailing interest rates , our investment policy and alternative investment choices .a majority of our cash and cash equivalents balance is invested in money market mutual funds that invest only in u.s .treasury securities or u.s .government agency securities .our exposure to risk is minimal given the nature of the investments .our practice is to have our pension plan 100% ( 100 % ) funded at each year end on a projected benefit obligation basis , while also satisfying any minimum required contribution and obtaining the maximum tax deduction .based on our actuarial projections , we estimate that a $ 14.1 million contribution in 2011 will allow us to meet our funding goal .however , the amount of the actual contribution is contingent on the actual rate of return on our plan assets during 2011 and the december 31 , 2011 discount rate .net current deferred tax assets of $ 18.3 million and $ 23.8 million are included in other current assets at december 31 , 2010 and 2009 , respectively .total net current deferred tax assets include unrealized losses , stock- based compensation and accrued expenses .net long-term deferred tax liabilities were $ 7.8 billion and $ 7.6 billion at december 31 , 2010 and 2009 , respectively .net deferred tax liabilities are principally the result of purchase accounting for intangible assets in our various mergers including cbot holdings and nymex holdings .we have a long-term deferred tax asset of $ 145.7 million included within our domestic long-term deferred tax liability .this deferred tax asset is for an unrealized capital loss incurred in brazil related to our investment in bm&fbovespa .as of december 31 , 2010 , we do not believe that we currently meet the more-likely-than-not threshold that would allow us to fully realize the value of the unrealized capital loss .as a result , a partial valuation allowance of $ 64.4 million has been provided for the amount of the unrealized capital loss that exceeds potential capital gains that could be used to offset the capital loss in future periods .we also have a long-term deferred tax asset related to brazilian taxes of $ 125.3 million for an unrealized capital loss incurred in brazil related to our investment in bm&fbovespa .a full valuation allowance of $ 125.3 million has been provided because we do not believe that we currently meet the more-likely-than-not threshold that would allow us to realize the value of the unrealized capital loss in brazil in the future .valuation allowances of $ 49.4 million have also been provided for additional unrealized capital losses on various other investments .net long-term deferred tax assets also include a $ 19.3 million deferred tax asset for foreign net operating losses related to swapstream .our assessment at december 31 , 2010 was that we did not currently meet the more-likely- than-not threshold that would allow us to realize the value of acquired and accumulated foreign net operating losses in the future .as a result , the $ 19.3 million deferred tax assets arising from these net operating losses have been fully reserved .each clearing firm is required to deposit and maintain specified performance bond collateral .performance bond requirements are determined by parameters established by the risk management department of the clearing house and may fluctuate over time .we accept a variety of collateral to satisfy performance bond requirements .cash performance bonds and guaranty fund contributions are included in our consolidated balance sheets .clearing firm deposits , other than those retained in the form of cash , are not included in our consolidated balance sheets .the balances in cash performance bonds and guaranty fund contributions may fluctuate significantly over time .cash performance bonds and guaranty fund contributions consisted of the following at december 31: . ( in millions ) | 2010 | 2009
cash performance bonds | $ 3717.0 | $ 5834.6
cash guaranty fund contributions | 231.8 | 102.6
cross-margin arrangements | 79.7 | 10.6
performance collateral for delivery | 10.0 | 34.1
total | $ 4038.5 | $ 5981.9 .
Question: what was the total of the net current deferred tax assets in 2010, in dollars?
Steps: multiply(18.3, const_1000000)
Answer: 18300000.0
Question: and what was the total of the net long-term deferred tax liabilities in that same year, in thousands of dollars?
Steps: multiply(7.8, const_1000000)
Answer: 7800000.0
Question: and how much is that in dollars?
Steps: multiply(A1, const_1000)
Answer: 7800000000.0
Question: what is, then, the difference between the total of the net long-term deferred tax liabilities and the net current deferred tax assets one in 2010, in dollars?
| convfinqa2325 |
result of the effects of the costa concordia incident and the continued instability in the european eco- nomic landscape .however , we continue to believe in the long term growth potential of this market .we estimate that europe was served by 102 ships with approximately 108000 berths at the beginning of 2008 and by 117 ships with approximately 156000 berths at the end of 2012 .there are approximately 9 ships with an estimated 25000 berths that are expected to be placed in service in the european cruise market between 2013 and 2017 .the following table details the growth in the global , north american and european cruise markets in terms of cruise guests and estimated weighted-average berths over the past five years : global cruise guests ( 1 ) weighted-average supply of berths marketed globally ( 1 ) north american cruise guests ( 2 ) weighted-average supply of berths marketed in north america ( 1 ) european cruise guests weighted-average supply of berths marketed in europe ( 1 ) . year | global cruise guests ( 1 ) | weighted-average supply of berths marketed globally ( 1 ) | north american cruise guests ( 2 ) | weighted-average supply of berths marketed in north america ( 1 ) | european cruise guests | weighted-average supply of berths marketed in europe ( 1 )
2008 | 17184000 | 347000 | 10093000 | 219000 | 4500000 | 120000
2009 | 17340000 | 363000 | 10198000 | 222000 | 5000000 | 131000
2010 | 18800000 | 391000 | 10781000 | 232000 | 5540000 | 143000
2011 | 20227000 | 412000 | 11625000 | 245000 | 5894000 | 149000
2012 | 20823000 | 425000 | 12044000 | 254000 | 6040000 | 152000 ( 1 ) source : our estimates of the number of global cruise guests , and the weighted-average supply of berths marketed globally , in north america and europe are based on a combination of data that we obtain from various publicly available cruise industry trade information sources including seatrade insider and cruise line international association ( 201cclia 201d ) .in addition , our estimates incorporate our own statistical analysis utilizing the same publicly available cruise industry data as a base .( 2 ) source : cruise line international association based on cruise guests carried for at least two consecutive nights for years 2008 through 2011 .year 2012 amounts represent our estimates ( see number 1 above ) .( 3 ) source : clia europe , formerly european cruise council , for years 2008 through 2011 .year 2012 amounts represent our estimates ( see number 1 above ) .other markets in addition to expected industry growth in north america and europe as discussed above , we expect the asia/pacific region to demonstrate an even higher growth rate in the near term , although it will continue to represent a relatively small sector compared to north america and europe .competition we compete with a number of cruise lines .our princi- pal competitors are carnival corporation & plc , which owns , among others , aida cruises , carnival cruise lines , costa cruises , cunard line , holland america line , iberocruceros , p&o cruises and princess cruises ; disney cruise line ; msc cruises ; norwegian cruise line and oceania cruises .cruise lines compete with other vacation alternatives such as land-based resort hotels and sightseeing destinations for consumers 2019 leisure time .demand for such activities is influenced by political and general economic conditions .com- panies within the vacation market are dependent on consumer discretionary spending .operating strategies our principal operating strategies are to : 2022 protect the health , safety and security of our guests and employees and protect the environment in which our vessels and organization operate , 2022 strengthen and support our human capital in order to better serve our global guest base and grow our business , 2022 further strengthen our consumer engagement in order to enhance our revenues , 2022 increase the awareness and market penetration of our brands globally , 2022 focus on cost efficiency , manage our operating expenditures and ensure adequate cash and liquid- ity , with the overall goal of maximizing our return on invested capital and long-term shareholder value , 2022 strategically invest in our fleet through the revit ad alization of existing ships and the transfer of key innovations across each brand , while prudently expanding our fleet with the new state-of-the-art cruise ships recently delivered and on order , 2022 capitalize on the portability and flexibility of our ships by deploying them into those markets and itineraries that provide opportunities to optimize returns , while continuing our focus on existing key markets , 2022 further enhance our technological capabilities to service customer preferences and expectations in an innovative manner , while supporting our strategic focus on profitability , and part i 0494.indd 13 3/27/13 12:52 pm .
Question: what is the average number of berths per ship in 2008?
| 1058.82353 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
result of the effects of the costa concordia incident and the continued instability in the european eco- nomic landscape .however , we continue to believe in the long term growth potential of this market .we estimate that europe was served by 102 ships with approximately 108000 berths at the beginning of 2008 and by 117 ships with approximately 156000 berths at the end of 2012 .there are approximately 9 ships with an estimated 25000 berths that are expected to be placed in service in the european cruise market between 2013 and 2017 .the following table details the growth in the global , north american and european cruise markets in terms of cruise guests and estimated weighted-average berths over the past five years : global cruise guests ( 1 ) weighted-average supply of berths marketed globally ( 1 ) north american cruise guests ( 2 ) weighted-average supply of berths marketed in north america ( 1 ) european cruise guests weighted-average supply of berths marketed in europe ( 1 ) . year | global cruise guests ( 1 ) | weighted-average supply of berths marketed globally ( 1 ) | north american cruise guests ( 2 ) | weighted-average supply of berths marketed in north america ( 1 ) | european cruise guests | weighted-average supply of berths marketed in europe ( 1 )
2008 | 17184000 | 347000 | 10093000 | 219000 | 4500000 | 120000
2009 | 17340000 | 363000 | 10198000 | 222000 | 5000000 | 131000
2010 | 18800000 | 391000 | 10781000 | 232000 | 5540000 | 143000
2011 | 20227000 | 412000 | 11625000 | 245000 | 5894000 | 149000
2012 | 20823000 | 425000 | 12044000 | 254000 | 6040000 | 152000 ( 1 ) source : our estimates of the number of global cruise guests , and the weighted-average supply of berths marketed globally , in north america and europe are based on a combination of data that we obtain from various publicly available cruise industry trade information sources including seatrade insider and cruise line international association ( 201cclia 201d ) .in addition , our estimates incorporate our own statistical analysis utilizing the same publicly available cruise industry data as a base .( 2 ) source : cruise line international association based on cruise guests carried for at least two consecutive nights for years 2008 through 2011 .year 2012 amounts represent our estimates ( see number 1 above ) .( 3 ) source : clia europe , formerly european cruise council , for years 2008 through 2011 .year 2012 amounts represent our estimates ( see number 1 above ) .other markets in addition to expected industry growth in north america and europe as discussed above , we expect the asia/pacific region to demonstrate an even higher growth rate in the near term , although it will continue to represent a relatively small sector compared to north america and europe .competition we compete with a number of cruise lines .our princi- pal competitors are carnival corporation & plc , which owns , among others , aida cruises , carnival cruise lines , costa cruises , cunard line , holland america line , iberocruceros , p&o cruises and princess cruises ; disney cruise line ; msc cruises ; norwegian cruise line and oceania cruises .cruise lines compete with other vacation alternatives such as land-based resort hotels and sightseeing destinations for consumers 2019 leisure time .demand for such activities is influenced by political and general economic conditions .com- panies within the vacation market are dependent on consumer discretionary spending .operating strategies our principal operating strategies are to : 2022 protect the health , safety and security of our guests and employees and protect the environment in which our vessels and organization operate , 2022 strengthen and support our human capital in order to better serve our global guest base and grow our business , 2022 further strengthen our consumer engagement in order to enhance our revenues , 2022 increase the awareness and market penetration of our brands globally , 2022 focus on cost efficiency , manage our operating expenditures and ensure adequate cash and liquid- ity , with the overall goal of maximizing our return on invested capital and long-term shareholder value , 2022 strategically invest in our fleet through the revit ad alization of existing ships and the transfer of key innovations across each brand , while prudently expanding our fleet with the new state-of-the-art cruise ships recently delivered and on order , 2022 capitalize on the portability and flexibility of our ships by deploying them into those markets and itineraries that provide opportunities to optimize returns , while continuing our focus on existing key markets , 2022 further enhance our technological capabilities to service customer preferences and expectations in an innovative manner , while supporting our strategic focus on profitability , and part i 0494.indd 13 3/27/13 12:52 pm .
Question: what is the average number of berths per ship in 2008?
| convfinqa2326 |
result of the effects of the costa concordia incident and the continued instability in the european eco- nomic landscape .however , we continue to believe in the long term growth potential of this market .we estimate that europe was served by 102 ships with approximately 108000 berths at the beginning of 2008 and by 117 ships with approximately 156000 berths at the end of 2012 .there are approximately 9 ships with an estimated 25000 berths that are expected to be placed in service in the european cruise market between 2013 and 2017 .the following table details the growth in the global , north american and european cruise markets in terms of cruise guests and estimated weighted-average berths over the past five years : global cruise guests ( 1 ) weighted-average supply of berths marketed globally ( 1 ) north american cruise guests ( 2 ) weighted-average supply of berths marketed in north america ( 1 ) european cruise guests weighted-average supply of berths marketed in europe ( 1 ) . year | global cruise guests ( 1 ) | weighted-average supply of berths marketed globally ( 1 ) | north american cruise guests ( 2 ) | weighted-average supply of berths marketed in north america ( 1 ) | european cruise guests | weighted-average supply of berths marketed in europe ( 1 )
2008 | 17184000 | 347000 | 10093000 | 219000 | 4500000 | 120000
2009 | 17340000 | 363000 | 10198000 | 222000 | 5000000 | 131000
2010 | 18800000 | 391000 | 10781000 | 232000 | 5540000 | 143000
2011 | 20227000 | 412000 | 11625000 | 245000 | 5894000 | 149000
2012 | 20823000 | 425000 | 12044000 | 254000 | 6040000 | 152000 ( 1 ) source : our estimates of the number of global cruise guests , and the weighted-average supply of berths marketed globally , in north america and europe are based on a combination of data that we obtain from various publicly available cruise industry trade information sources including seatrade insider and cruise line international association ( 201cclia 201d ) .in addition , our estimates incorporate our own statistical analysis utilizing the same publicly available cruise industry data as a base .( 2 ) source : cruise line international association based on cruise guests carried for at least two consecutive nights for years 2008 through 2011 .year 2012 amounts represent our estimates ( see number 1 above ) .( 3 ) source : clia europe , formerly european cruise council , for years 2008 through 2011 .year 2012 amounts represent our estimates ( see number 1 above ) .other markets in addition to expected industry growth in north america and europe as discussed above , we expect the asia/pacific region to demonstrate an even higher growth rate in the near term , although it will continue to represent a relatively small sector compared to north america and europe .competition we compete with a number of cruise lines .our princi- pal competitors are carnival corporation & plc , which owns , among others , aida cruises , carnival cruise lines , costa cruises , cunard line , holland america line , iberocruceros , p&o cruises and princess cruises ; disney cruise line ; msc cruises ; norwegian cruise line and oceania cruises .cruise lines compete with other vacation alternatives such as land-based resort hotels and sightseeing destinations for consumers 2019 leisure time .demand for such activities is influenced by political and general economic conditions .com- panies within the vacation market are dependent on consumer discretionary spending .operating strategies our principal operating strategies are to : 2022 protect the health , safety and security of our guests and employees and protect the environment in which our vessels and organization operate , 2022 strengthen and support our human capital in order to better serve our global guest base and grow our business , 2022 further strengthen our consumer engagement in order to enhance our revenues , 2022 increase the awareness and market penetration of our brands globally , 2022 focus on cost efficiency , manage our operating expenditures and ensure adequate cash and liquid- ity , with the overall goal of maximizing our return on invested capital and long-term shareholder value , 2022 strategically invest in our fleet through the revit ad alization of existing ships and the transfer of key innovations across each brand , while prudently expanding our fleet with the new state-of-the-art cruise ships recently delivered and on order , 2022 capitalize on the portability and flexibility of our ships by deploying them into those markets and itineraries that provide opportunities to optimize returns , while continuing our focus on existing key markets , 2022 further enhance our technological capabilities to service customer preferences and expectations in an innovative manner , while supporting our strategic focus on profitability , and part i 0494.indd 13 3/27/13 12:52 pm .
Question: what is the average number of berths per ship in 2008?
Steps: divide(108000, 102)
Answer: 1058.82353
Question: what about in 2012?
| 1333.33333 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
result of the effects of the costa concordia incident and the continued instability in the european eco- nomic landscape .however , we continue to believe in the long term growth potential of this market .we estimate that europe was served by 102 ships with approximately 108000 berths at the beginning of 2008 and by 117 ships with approximately 156000 berths at the end of 2012 .there are approximately 9 ships with an estimated 25000 berths that are expected to be placed in service in the european cruise market between 2013 and 2017 .the following table details the growth in the global , north american and european cruise markets in terms of cruise guests and estimated weighted-average berths over the past five years : global cruise guests ( 1 ) weighted-average supply of berths marketed globally ( 1 ) north american cruise guests ( 2 ) weighted-average supply of berths marketed in north america ( 1 ) european cruise guests weighted-average supply of berths marketed in europe ( 1 ) . year | global cruise guests ( 1 ) | weighted-average supply of berths marketed globally ( 1 ) | north american cruise guests ( 2 ) | weighted-average supply of berths marketed in north america ( 1 ) | european cruise guests | weighted-average supply of berths marketed in europe ( 1 )
2008 | 17184000 | 347000 | 10093000 | 219000 | 4500000 | 120000
2009 | 17340000 | 363000 | 10198000 | 222000 | 5000000 | 131000
2010 | 18800000 | 391000 | 10781000 | 232000 | 5540000 | 143000
2011 | 20227000 | 412000 | 11625000 | 245000 | 5894000 | 149000
2012 | 20823000 | 425000 | 12044000 | 254000 | 6040000 | 152000 ( 1 ) source : our estimates of the number of global cruise guests , and the weighted-average supply of berths marketed globally , in north america and europe are based on a combination of data that we obtain from various publicly available cruise industry trade information sources including seatrade insider and cruise line international association ( 201cclia 201d ) .in addition , our estimates incorporate our own statistical analysis utilizing the same publicly available cruise industry data as a base .( 2 ) source : cruise line international association based on cruise guests carried for at least two consecutive nights for years 2008 through 2011 .year 2012 amounts represent our estimates ( see number 1 above ) .( 3 ) source : clia europe , formerly european cruise council , for years 2008 through 2011 .year 2012 amounts represent our estimates ( see number 1 above ) .other markets in addition to expected industry growth in north america and europe as discussed above , we expect the asia/pacific region to demonstrate an even higher growth rate in the near term , although it will continue to represent a relatively small sector compared to north america and europe .competition we compete with a number of cruise lines .our princi- pal competitors are carnival corporation & plc , which owns , among others , aida cruises , carnival cruise lines , costa cruises , cunard line , holland america line , iberocruceros , p&o cruises and princess cruises ; disney cruise line ; msc cruises ; norwegian cruise line and oceania cruises .cruise lines compete with other vacation alternatives such as land-based resort hotels and sightseeing destinations for consumers 2019 leisure time .demand for such activities is influenced by political and general economic conditions .com- panies within the vacation market are dependent on consumer discretionary spending .operating strategies our principal operating strategies are to : 2022 protect the health , safety and security of our guests and employees and protect the environment in which our vessels and organization operate , 2022 strengthen and support our human capital in order to better serve our global guest base and grow our business , 2022 further strengthen our consumer engagement in order to enhance our revenues , 2022 increase the awareness and market penetration of our brands globally , 2022 focus on cost efficiency , manage our operating expenditures and ensure adequate cash and liquid- ity , with the overall goal of maximizing our return on invested capital and long-term shareholder value , 2022 strategically invest in our fleet through the revit ad alization of existing ships and the transfer of key innovations across each brand , while prudently expanding our fleet with the new state-of-the-art cruise ships recently delivered and on order , 2022 capitalize on the portability and flexibility of our ships by deploying them into those markets and itineraries that provide opportunities to optimize returns , while continuing our focus on existing key markets , 2022 further enhance our technological capabilities to service customer preferences and expectations in an innovative manner , while supporting our strategic focus on profitability , and part i 0494.indd 13 3/27/13 12:52 pm .
Question: what is the average number of berths per ship in 2008?
Steps: divide(108000, 102)
Answer: 1058.82353
Question: what about in 2012?
| convfinqa2327 |
result of the effects of the costa concordia incident and the continued instability in the european eco- nomic landscape .however , we continue to believe in the long term growth potential of this market .we estimate that europe was served by 102 ships with approximately 108000 berths at the beginning of 2008 and by 117 ships with approximately 156000 berths at the end of 2012 .there are approximately 9 ships with an estimated 25000 berths that are expected to be placed in service in the european cruise market between 2013 and 2017 .the following table details the growth in the global , north american and european cruise markets in terms of cruise guests and estimated weighted-average berths over the past five years : global cruise guests ( 1 ) weighted-average supply of berths marketed globally ( 1 ) north american cruise guests ( 2 ) weighted-average supply of berths marketed in north america ( 1 ) european cruise guests weighted-average supply of berths marketed in europe ( 1 ) . year | global cruise guests ( 1 ) | weighted-average supply of berths marketed globally ( 1 ) | north american cruise guests ( 2 ) | weighted-average supply of berths marketed in north america ( 1 ) | european cruise guests | weighted-average supply of berths marketed in europe ( 1 )
2008 | 17184000 | 347000 | 10093000 | 219000 | 4500000 | 120000
2009 | 17340000 | 363000 | 10198000 | 222000 | 5000000 | 131000
2010 | 18800000 | 391000 | 10781000 | 232000 | 5540000 | 143000
2011 | 20227000 | 412000 | 11625000 | 245000 | 5894000 | 149000
2012 | 20823000 | 425000 | 12044000 | 254000 | 6040000 | 152000 ( 1 ) source : our estimates of the number of global cruise guests , and the weighted-average supply of berths marketed globally , in north america and europe are based on a combination of data that we obtain from various publicly available cruise industry trade information sources including seatrade insider and cruise line international association ( 201cclia 201d ) .in addition , our estimates incorporate our own statistical analysis utilizing the same publicly available cruise industry data as a base .( 2 ) source : cruise line international association based on cruise guests carried for at least two consecutive nights for years 2008 through 2011 .year 2012 amounts represent our estimates ( see number 1 above ) .( 3 ) source : clia europe , formerly european cruise council , for years 2008 through 2011 .year 2012 amounts represent our estimates ( see number 1 above ) .other markets in addition to expected industry growth in north america and europe as discussed above , we expect the asia/pacific region to demonstrate an even higher growth rate in the near term , although it will continue to represent a relatively small sector compared to north america and europe .competition we compete with a number of cruise lines .our princi- pal competitors are carnival corporation & plc , which owns , among others , aida cruises , carnival cruise lines , costa cruises , cunard line , holland america line , iberocruceros , p&o cruises and princess cruises ; disney cruise line ; msc cruises ; norwegian cruise line and oceania cruises .cruise lines compete with other vacation alternatives such as land-based resort hotels and sightseeing destinations for consumers 2019 leisure time .demand for such activities is influenced by political and general economic conditions .com- panies within the vacation market are dependent on consumer discretionary spending .operating strategies our principal operating strategies are to : 2022 protect the health , safety and security of our guests and employees and protect the environment in which our vessels and organization operate , 2022 strengthen and support our human capital in order to better serve our global guest base and grow our business , 2022 further strengthen our consumer engagement in order to enhance our revenues , 2022 increase the awareness and market penetration of our brands globally , 2022 focus on cost efficiency , manage our operating expenditures and ensure adequate cash and liquid- ity , with the overall goal of maximizing our return on invested capital and long-term shareholder value , 2022 strategically invest in our fleet through the revit ad alization of existing ships and the transfer of key innovations across each brand , while prudently expanding our fleet with the new state-of-the-art cruise ships recently delivered and on order , 2022 capitalize on the portability and flexibility of our ships by deploying them into those markets and itineraries that provide opportunities to optimize returns , while continuing our focus on existing key markets , 2022 further enhance our technological capabilities to service customer preferences and expectations in an innovative manner , while supporting our strategic focus on profitability , and part i 0494.indd 13 3/27/13 12:52 pm .
Question: what is the average number of berths per ship in 2008?
Steps: divide(108000, 102)
Answer: 1058.82353
Question: what about in 2012?
Steps: divide(156000, 117)
Answer: 1333.33333
Question: what is the difference?
| 274.5098 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
result of the effects of the costa concordia incident and the continued instability in the european eco- nomic landscape .however , we continue to believe in the long term growth potential of this market .we estimate that europe was served by 102 ships with approximately 108000 berths at the beginning of 2008 and by 117 ships with approximately 156000 berths at the end of 2012 .there are approximately 9 ships with an estimated 25000 berths that are expected to be placed in service in the european cruise market between 2013 and 2017 .the following table details the growth in the global , north american and european cruise markets in terms of cruise guests and estimated weighted-average berths over the past five years : global cruise guests ( 1 ) weighted-average supply of berths marketed globally ( 1 ) north american cruise guests ( 2 ) weighted-average supply of berths marketed in north america ( 1 ) european cruise guests weighted-average supply of berths marketed in europe ( 1 ) . year | global cruise guests ( 1 ) | weighted-average supply of berths marketed globally ( 1 ) | north american cruise guests ( 2 ) | weighted-average supply of berths marketed in north america ( 1 ) | european cruise guests | weighted-average supply of berths marketed in europe ( 1 )
2008 | 17184000 | 347000 | 10093000 | 219000 | 4500000 | 120000
2009 | 17340000 | 363000 | 10198000 | 222000 | 5000000 | 131000
2010 | 18800000 | 391000 | 10781000 | 232000 | 5540000 | 143000
2011 | 20227000 | 412000 | 11625000 | 245000 | 5894000 | 149000
2012 | 20823000 | 425000 | 12044000 | 254000 | 6040000 | 152000 ( 1 ) source : our estimates of the number of global cruise guests , and the weighted-average supply of berths marketed globally , in north america and europe are based on a combination of data that we obtain from various publicly available cruise industry trade information sources including seatrade insider and cruise line international association ( 201cclia 201d ) .in addition , our estimates incorporate our own statistical analysis utilizing the same publicly available cruise industry data as a base .( 2 ) source : cruise line international association based on cruise guests carried for at least two consecutive nights for years 2008 through 2011 .year 2012 amounts represent our estimates ( see number 1 above ) .( 3 ) source : clia europe , formerly european cruise council , for years 2008 through 2011 .year 2012 amounts represent our estimates ( see number 1 above ) .other markets in addition to expected industry growth in north america and europe as discussed above , we expect the asia/pacific region to demonstrate an even higher growth rate in the near term , although it will continue to represent a relatively small sector compared to north america and europe .competition we compete with a number of cruise lines .our princi- pal competitors are carnival corporation & plc , which owns , among others , aida cruises , carnival cruise lines , costa cruises , cunard line , holland america line , iberocruceros , p&o cruises and princess cruises ; disney cruise line ; msc cruises ; norwegian cruise line and oceania cruises .cruise lines compete with other vacation alternatives such as land-based resort hotels and sightseeing destinations for consumers 2019 leisure time .demand for such activities is influenced by political and general economic conditions .com- panies within the vacation market are dependent on consumer discretionary spending .operating strategies our principal operating strategies are to : 2022 protect the health , safety and security of our guests and employees and protect the environment in which our vessels and organization operate , 2022 strengthen and support our human capital in order to better serve our global guest base and grow our business , 2022 further strengthen our consumer engagement in order to enhance our revenues , 2022 increase the awareness and market penetration of our brands globally , 2022 focus on cost efficiency , manage our operating expenditures and ensure adequate cash and liquid- ity , with the overall goal of maximizing our return on invested capital and long-term shareholder value , 2022 strategically invest in our fleet through the revit ad alization of existing ships and the transfer of key innovations across each brand , while prudently expanding our fleet with the new state-of-the-art cruise ships recently delivered and on order , 2022 capitalize on the portability and flexibility of our ships by deploying them into those markets and itineraries that provide opportunities to optimize returns , while continuing our focus on existing key markets , 2022 further enhance our technological capabilities to service customer preferences and expectations in an innovative manner , while supporting our strategic focus on profitability , and part i 0494.indd 13 3/27/13 12:52 pm .
Question: what is the average number of berths per ship in 2008?
Steps: divide(108000, 102)
Answer: 1058.82353
Question: what about in 2012?
Steps: divide(156000, 117)
Answer: 1333.33333
Question: what is the difference?
| convfinqa2328 |
corporate corporate expenses in 2016 benefited from the absence of transaction costs associated with the norcraft acquisition ( $ 15.1 million in 2015 ) .this benefit was offset by higher employee-related costs and lower defined benefit plan income .( in millions ) 2016 2015 . ( in millions ) | 2016 | 2015
general and administrative expense | $ -80.9 ( 80.9 ) | $ -70.1 ( 70.1 )
defined benefit plan income | 2.9 | 6.1
defined benefit plan recognition of actuarial losses | -1.9 ( 1.9 ) | -2.5 ( 2.5 )
norcraft transaction costs ( a ) | 2014 | -15.1 ( 15.1 )
total corporate expenses | $ -79.9 ( 79.9 ) | $ -81.6 ( 81.6 ) ( a ) represents external costs directly related to the acquisition of norcraft and primarily includes expenditures for banking , legal , accounting and other similar services .in future periods the company may record , in the corporate segment , material expense or income associated with actuarial gains and losses arising from periodic remeasurement of our liabilities for defined benefit plans .at a minimum the company will remeasure its defined benefit plan liabilities in the fourth quarter of each year .remeasurements due to plan amendments and settlements may also occur in interim periods during the year .remeasurement of these liabilities attributable to updating our liability discount rates and expected return on assets may , in particular , result in material income or expense recognition .liquidity and capital resources our primary liquidity needs are to support working capital requirements , fund capital expenditures and service indebtedness , as well as to finance acquisitions , repurchase shares of our common stock and pay dividends to stockholders , as deemed appropriate .our principal sources of liquidity are cash on hand , cash flows from operating activities , availability under our credit facility and debt issuances in the capital markets .our operating income is generated by our subsidiaries .there are no restrictions on the ability of our subsidiaries to pay dividends or make other distributions to fortune brands .in december 2017 , our board of directors increased the quarterly cash dividend by 11% ( 11 % ) to $ 0.20 per share of our common stock .our board of directors will continue to evaluate dividend payment opportunities on a quarterly basis .there can be no assurance as to when and if future dividends will be paid , and at what level , because the payment of dividends is dependent on our financial condition , results of operations , cash flows , capital requirements and other factors deemed relevant by our board of directors .we periodically review our portfolio of brands and evaluate potential strategic transactions to increase shareholder value .however , we cannot predict whether or when we may enter into acquisitions , joint ventures or dispositions , make any purchases of shares of our common stock under our share repurchase program , or pay dividends , or what impact any such transactions could have on our results of operations , cash flows or financial condition , whether as a result of the issuance of debt or equity securities , or otherwise .our cash flows from operations , borrowing availability and overall liquidity are subject to certain risks and uncertainties , including those described in the section 201citem 1a .risk factors . 201d in june 2016 , the company amended and restated its credit agreement to combine and rollover the existing revolving credit facility and term loan into a new standalone $ 1.25 billion revolving credit facility .this amendment and restatement of the credit agreement was a non-cash transaction for the company .terms and conditions of the credit agreement , including the total commitment amount , essentially remained the same as under the 2011 credit agreement .the revolving credit facility will mature in june 2021 and borrowings thereunder will be used for general corporate purposes .on december 31 , 2017 and december 31 , 2016 , our outstanding borrowings under these facilities were $ 615.0 million and $ 540.0 million , respectively .at december 31 , 2017 and december 31 , 2016 , the current portion of long- term debt was zero .interest rates under the facility are variable based on libor at the time of the .
Question: what was the g&a expense in 2016 less the value in 2015?
| 10.8 | 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.
corporate corporate expenses in 2016 benefited from the absence of transaction costs associated with the norcraft acquisition ( $ 15.1 million in 2015 ) .this benefit was offset by higher employee-related costs and lower defined benefit plan income .( in millions ) 2016 2015 . ( in millions ) | 2016 | 2015
general and administrative expense | $ -80.9 ( 80.9 ) | $ -70.1 ( 70.1 )
defined benefit plan income | 2.9 | 6.1
defined benefit plan recognition of actuarial losses | -1.9 ( 1.9 ) | -2.5 ( 2.5 )
norcraft transaction costs ( a ) | 2014 | -15.1 ( 15.1 )
total corporate expenses | $ -79.9 ( 79.9 ) | $ -81.6 ( 81.6 ) ( a ) represents external costs directly related to the acquisition of norcraft and primarily includes expenditures for banking , legal , accounting and other similar services .in future periods the company may record , in the corporate segment , material expense or income associated with actuarial gains and losses arising from periodic remeasurement of our liabilities for defined benefit plans .at a minimum the company will remeasure its defined benefit plan liabilities in the fourth quarter of each year .remeasurements due to plan amendments and settlements may also occur in interim periods during the year .remeasurement of these liabilities attributable to updating our liability discount rates and expected return on assets may , in particular , result in material income or expense recognition .liquidity and capital resources our primary liquidity needs are to support working capital requirements , fund capital expenditures and service indebtedness , as well as to finance acquisitions , repurchase shares of our common stock and pay dividends to stockholders , as deemed appropriate .our principal sources of liquidity are cash on hand , cash flows from operating activities , availability under our credit facility and debt issuances in the capital markets .our operating income is generated by our subsidiaries .there are no restrictions on the ability of our subsidiaries to pay dividends or make other distributions to fortune brands .in december 2017 , our board of directors increased the quarterly cash dividend by 11% ( 11 % ) to $ 0.20 per share of our common stock .our board of directors will continue to evaluate dividend payment opportunities on a quarterly basis .there can be no assurance as to when and if future dividends will be paid , and at what level , because the payment of dividends is dependent on our financial condition , results of operations , cash flows , capital requirements and other factors deemed relevant by our board of directors .we periodically review our portfolio of brands and evaluate potential strategic transactions to increase shareholder value .however , we cannot predict whether or when we may enter into acquisitions , joint ventures or dispositions , make any purchases of shares of our common stock under our share repurchase program , or pay dividends , or what impact any such transactions could have on our results of operations , cash flows or financial condition , whether as a result of the issuance of debt or equity securities , or otherwise .our cash flows from operations , borrowing availability and overall liquidity are subject to certain risks and uncertainties , including those described in the section 201citem 1a .risk factors . 201d in june 2016 , the company amended and restated its credit agreement to combine and rollover the existing revolving credit facility and term loan into a new standalone $ 1.25 billion revolving credit facility .this amendment and restatement of the credit agreement was a non-cash transaction for the company .terms and conditions of the credit agreement , including the total commitment amount , essentially remained the same as under the 2011 credit agreement .the revolving credit facility will mature in june 2021 and borrowings thereunder will be used for general corporate purposes .on december 31 , 2017 and december 31 , 2016 , our outstanding borrowings under these facilities were $ 615.0 million and $ 540.0 million , respectively .at december 31 , 2017 and december 31 , 2016 , the current portion of long- term debt was zero .interest rates under the facility are variable based on libor at the time of the .
Question: what was the g&a expense in 2016 less the value in 2015?
| convfinqa2329 |
corporate corporate expenses in 2016 benefited from the absence of transaction costs associated with the norcraft acquisition ( $ 15.1 million in 2015 ) .this benefit was offset by higher employee-related costs and lower defined benefit plan income .( in millions ) 2016 2015 . ( in millions ) | 2016 | 2015
general and administrative expense | $ -80.9 ( 80.9 ) | $ -70.1 ( 70.1 )
defined benefit plan income | 2.9 | 6.1
defined benefit plan recognition of actuarial losses | -1.9 ( 1.9 ) | -2.5 ( 2.5 )
norcraft transaction costs ( a ) | 2014 | -15.1 ( 15.1 )
total corporate expenses | $ -79.9 ( 79.9 ) | $ -81.6 ( 81.6 ) ( a ) represents external costs directly related to the acquisition of norcraft and primarily includes expenditures for banking , legal , accounting and other similar services .in future periods the company may record , in the corporate segment , material expense or income associated with actuarial gains and losses arising from periodic remeasurement of our liabilities for defined benefit plans .at a minimum the company will remeasure its defined benefit plan liabilities in the fourth quarter of each year .remeasurements due to plan amendments and settlements may also occur in interim periods during the year .remeasurement of these liabilities attributable to updating our liability discount rates and expected return on assets may , in particular , result in material income or expense recognition .liquidity and capital resources our primary liquidity needs are to support working capital requirements , fund capital expenditures and service indebtedness , as well as to finance acquisitions , repurchase shares of our common stock and pay dividends to stockholders , as deemed appropriate .our principal sources of liquidity are cash on hand , cash flows from operating activities , availability under our credit facility and debt issuances in the capital markets .our operating income is generated by our subsidiaries .there are no restrictions on the ability of our subsidiaries to pay dividends or make other distributions to fortune brands .in december 2017 , our board of directors increased the quarterly cash dividend by 11% ( 11 % ) to $ 0.20 per share of our common stock .our board of directors will continue to evaluate dividend payment opportunities on a quarterly basis .there can be no assurance as to when and if future dividends will be paid , and at what level , because the payment of dividends is dependent on our financial condition , results of operations , cash flows , capital requirements and other factors deemed relevant by our board of directors .we periodically review our portfolio of brands and evaluate potential strategic transactions to increase shareholder value .however , we cannot predict whether or when we may enter into acquisitions , joint ventures or dispositions , make any purchases of shares of our common stock under our share repurchase program , or pay dividends , or what impact any such transactions could have on our results of operations , cash flows or financial condition , whether as a result of the issuance of debt or equity securities , or otherwise .our cash flows from operations , borrowing availability and overall liquidity are subject to certain risks and uncertainties , including those described in the section 201citem 1a .risk factors . 201d in june 2016 , the company amended and restated its credit agreement to combine and rollover the existing revolving credit facility and term loan into a new standalone $ 1.25 billion revolving credit facility .this amendment and restatement of the credit agreement was a non-cash transaction for the company .terms and conditions of the credit agreement , including the total commitment amount , essentially remained the same as under the 2011 credit agreement .the revolving credit facility will mature in june 2021 and borrowings thereunder will be used for general corporate purposes .on december 31 , 2017 and december 31 , 2016 , our outstanding borrowings under these facilities were $ 615.0 million and $ 540.0 million , respectively .at december 31 , 2017 and december 31 , 2016 , the current portion of long- term debt was zero .interest rates under the facility are variable based on libor at the time of the .
Question: what was the g&a expense in 2016 less the value in 2015?
Steps: subtract(80.9, 70.1)
Answer: 10.8
Question: what was the percent change?
| 0.15407 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
corporate corporate expenses in 2016 benefited from the absence of transaction costs associated with the norcraft acquisition ( $ 15.1 million in 2015 ) .this benefit was offset by higher employee-related costs and lower defined benefit plan income .( in millions ) 2016 2015 . ( in millions ) | 2016 | 2015
general and administrative expense | $ -80.9 ( 80.9 ) | $ -70.1 ( 70.1 )
defined benefit plan income | 2.9 | 6.1
defined benefit plan recognition of actuarial losses | -1.9 ( 1.9 ) | -2.5 ( 2.5 )
norcraft transaction costs ( a ) | 2014 | -15.1 ( 15.1 )
total corporate expenses | $ -79.9 ( 79.9 ) | $ -81.6 ( 81.6 ) ( a ) represents external costs directly related to the acquisition of norcraft and primarily includes expenditures for banking , legal , accounting and other similar services .in future periods the company may record , in the corporate segment , material expense or income associated with actuarial gains and losses arising from periodic remeasurement of our liabilities for defined benefit plans .at a minimum the company will remeasure its defined benefit plan liabilities in the fourth quarter of each year .remeasurements due to plan amendments and settlements may also occur in interim periods during the year .remeasurement of these liabilities attributable to updating our liability discount rates and expected return on assets may , in particular , result in material income or expense recognition .liquidity and capital resources our primary liquidity needs are to support working capital requirements , fund capital expenditures and service indebtedness , as well as to finance acquisitions , repurchase shares of our common stock and pay dividends to stockholders , as deemed appropriate .our principal sources of liquidity are cash on hand , cash flows from operating activities , availability under our credit facility and debt issuances in the capital markets .our operating income is generated by our subsidiaries .there are no restrictions on the ability of our subsidiaries to pay dividends or make other distributions to fortune brands .in december 2017 , our board of directors increased the quarterly cash dividend by 11% ( 11 % ) to $ 0.20 per share of our common stock .our board of directors will continue to evaluate dividend payment opportunities on a quarterly basis .there can be no assurance as to when and if future dividends will be paid , and at what level , because the payment of dividends is dependent on our financial condition , results of operations , cash flows , capital requirements and other factors deemed relevant by our board of directors .we periodically review our portfolio of brands and evaluate potential strategic transactions to increase shareholder value .however , we cannot predict whether or when we may enter into acquisitions , joint ventures or dispositions , make any purchases of shares of our common stock under our share repurchase program , or pay dividends , or what impact any such transactions could have on our results of operations , cash flows or financial condition , whether as a result of the issuance of debt or equity securities , or otherwise .our cash flows from operations , borrowing availability and overall liquidity are subject to certain risks and uncertainties , including those described in the section 201citem 1a .risk factors . 201d in june 2016 , the company amended and restated its credit agreement to combine and rollover the existing revolving credit facility and term loan into a new standalone $ 1.25 billion revolving credit facility .this amendment and restatement of the credit agreement was a non-cash transaction for the company .terms and conditions of the credit agreement , including the total commitment amount , essentially remained the same as under the 2011 credit agreement .the revolving credit facility will mature in june 2021 and borrowings thereunder will be used for general corporate purposes .on december 31 , 2017 and december 31 , 2016 , our outstanding borrowings under these facilities were $ 615.0 million and $ 540.0 million , respectively .at december 31 , 2017 and december 31 , 2016 , the current portion of long- term debt was zero .interest rates under the facility are variable based on libor at the time of the .
Question: what was the g&a expense in 2016 less the value in 2015?
Steps: subtract(80.9, 70.1)
Answer: 10.8
Question: what was the percent change?
| convfinqa2330 |
vornado realty trust notes to consolidated financial statements ( continued ) 10 .redeemable noncontrolling interests - continued redeemable noncontrolling interests on our consolidated balance sheets are recorded at the greater of their carrying amount or redemption value at the end of each reporting period .changes in the value from period to period are charged to 201cadditional capital 201d in our consolidated statements of changes in equity .below is a table summarizing the activity of redeemable noncontrolling interests .( amounts in thousands ) . balance at december 31 2008 | $ 1177978
net income | 25120
distributions | -42451 ( 42451 )
conversion of class a units into common shares at redemption value | -90955 ( 90955 )
adjustment to carry redeemable class a units at redemption value | 167049
other net | 14887
balance at december 31 2009 | $ 1251628
net income | 55228
distributions | -53515 ( 53515 )
conversion of class a units into common shares at redemption value | -126764 ( 126764 )
adjustment to carry redeemable class a units at redemption value | 191826
redemption of series d-12 redeemable units | -13000 ( 13000 )
other net | 22571
balance at december 31 2010 | $ 1327974 as of december 31 , 2010 and 2009 , the aggregate redemption value of redeemable class a units was $ 1066974000 and $ 971628000 , respectively .redeemable noncontrolling interests exclude our series g convertible preferred units and series d-13 cumulative redeemable preferred units , as they are accounted for as liabilities in accordance with asc 480 , distinguishing liabilities and equity , because of their possible settlement by issuing a variable number of vornado common shares .accordingly the fair value of these units is included as a component of 201cother liabilities 201d on our consolidated balance sheets and aggregated $ 55097000 and $ 60271000 as of december 31 , 2010 and 2009 , respectively. .
Question: what was the balance of redeemable non-controlling interests as of 12/31/09?
| 1251628.0 | 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.
vornado realty trust notes to consolidated financial statements ( continued ) 10 .redeemable noncontrolling interests - continued redeemable noncontrolling interests on our consolidated balance sheets are recorded at the greater of their carrying amount or redemption value at the end of each reporting period .changes in the value from period to period are charged to 201cadditional capital 201d in our consolidated statements of changes in equity .below is a table summarizing the activity of redeemable noncontrolling interests .( amounts in thousands ) . balance at december 31 2008 | $ 1177978
net income | 25120
distributions | -42451 ( 42451 )
conversion of class a units into common shares at redemption value | -90955 ( 90955 )
adjustment to carry redeemable class a units at redemption value | 167049
other net | 14887
balance at december 31 2009 | $ 1251628
net income | 55228
distributions | -53515 ( 53515 )
conversion of class a units into common shares at redemption value | -126764 ( 126764 )
adjustment to carry redeemable class a units at redemption value | 191826
redemption of series d-12 redeemable units | -13000 ( 13000 )
other net | 22571
balance at december 31 2010 | $ 1327974 as of december 31 , 2010 and 2009 , the aggregate redemption value of redeemable class a units was $ 1066974000 and $ 971628000 , respectively .redeemable noncontrolling interests exclude our series g convertible preferred units and series d-13 cumulative redeemable preferred units , as they are accounted for as liabilities in accordance with asc 480 , distinguishing liabilities and equity , because of their possible settlement by issuing a variable number of vornado common shares .accordingly the fair value of these units is included as a component of 201cother liabilities 201d on our consolidated balance sheets and aggregated $ 55097000 and $ 60271000 as of december 31 , 2010 and 2009 , respectively. .
Question: what was the balance of redeemable non-controlling interests as of 12/31/09?
| convfinqa2331 |
vornado realty trust notes to consolidated financial statements ( continued ) 10 .redeemable noncontrolling interests - continued redeemable noncontrolling interests on our consolidated balance sheets are recorded at the greater of their carrying amount or redemption value at the end of each reporting period .changes in the value from period to period are charged to 201cadditional capital 201d in our consolidated statements of changes in equity .below is a table summarizing the activity of redeemable noncontrolling interests .( amounts in thousands ) . balance at december 31 2008 | $ 1177978
net income | 25120
distributions | -42451 ( 42451 )
conversion of class a units into common shares at redemption value | -90955 ( 90955 )
adjustment to carry redeemable class a units at redemption value | 167049
other net | 14887
balance at december 31 2009 | $ 1251628
net income | 55228
distributions | -53515 ( 53515 )
conversion of class a units into common shares at redemption value | -126764 ( 126764 )
adjustment to carry redeemable class a units at redemption value | 191826
redemption of series d-12 redeemable units | -13000 ( 13000 )
other net | 22571
balance at december 31 2010 | $ 1327974 as of december 31 , 2010 and 2009 , the aggregate redemption value of redeemable class a units was $ 1066974000 and $ 971628000 , respectively .redeemable noncontrolling interests exclude our series g convertible preferred units and series d-13 cumulative redeemable preferred units , as they are accounted for as liabilities in accordance with asc 480 , distinguishing liabilities and equity , because of their possible settlement by issuing a variable number of vornado common shares .accordingly the fair value of these units is included as a component of 201cother liabilities 201d on our consolidated balance sheets and aggregated $ 55097000 and $ 60271000 as of december 31 , 2010 and 2009 , respectively. .
Question: what was the balance of redeemable non-controlling interests as of 12/31/09?
Steps: Ask for number 1251628
Answer: 1251628.0
Question: and as of 12/31/08?
| 1177978.0 | 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.
vornado realty trust notes to consolidated financial statements ( continued ) 10 .redeemable noncontrolling interests - continued redeemable noncontrolling interests on our consolidated balance sheets are recorded at the greater of their carrying amount or redemption value at the end of each reporting period .changes in the value from period to period are charged to 201cadditional capital 201d in our consolidated statements of changes in equity .below is a table summarizing the activity of redeemable noncontrolling interests .( amounts in thousands ) . balance at december 31 2008 | $ 1177978
net income | 25120
distributions | -42451 ( 42451 )
conversion of class a units into common shares at redemption value | -90955 ( 90955 )
adjustment to carry redeemable class a units at redemption value | 167049
other net | 14887
balance at december 31 2009 | $ 1251628
net income | 55228
distributions | -53515 ( 53515 )
conversion of class a units into common shares at redemption value | -126764 ( 126764 )
adjustment to carry redeemable class a units at redemption value | 191826
redemption of series d-12 redeemable units | -13000 ( 13000 )
other net | 22571
balance at december 31 2010 | $ 1327974 as of december 31 , 2010 and 2009 , the aggregate redemption value of redeemable class a units was $ 1066974000 and $ 971628000 , respectively .redeemable noncontrolling interests exclude our series g convertible preferred units and series d-13 cumulative redeemable preferred units , as they are accounted for as liabilities in accordance with asc 480 , distinguishing liabilities and equity , because of their possible settlement by issuing a variable number of vornado common shares .accordingly the fair value of these units is included as a component of 201cother liabilities 201d on our consolidated balance sheets and aggregated $ 55097000 and $ 60271000 as of december 31 , 2010 and 2009 , respectively. .
Question: what was the balance of redeemable non-controlling interests as of 12/31/09?
Steps: Ask for number 1251628
Answer: 1251628.0
Question: and as of 12/31/08?
| convfinqa2332 |
vornado realty trust notes to consolidated financial statements ( continued ) 10 .redeemable noncontrolling interests - continued redeemable noncontrolling interests on our consolidated balance sheets are recorded at the greater of their carrying amount or redemption value at the end of each reporting period .changes in the value from period to period are charged to 201cadditional capital 201d in our consolidated statements of changes in equity .below is a table summarizing the activity of redeemable noncontrolling interests .( amounts in thousands ) . balance at december 31 2008 | $ 1177978
net income | 25120
distributions | -42451 ( 42451 )
conversion of class a units into common shares at redemption value | -90955 ( 90955 )
adjustment to carry redeemable class a units at redemption value | 167049
other net | 14887
balance at december 31 2009 | $ 1251628
net income | 55228
distributions | -53515 ( 53515 )
conversion of class a units into common shares at redemption value | -126764 ( 126764 )
adjustment to carry redeemable class a units at redemption value | 191826
redemption of series d-12 redeemable units | -13000 ( 13000 )
other net | 22571
balance at december 31 2010 | $ 1327974 as of december 31 , 2010 and 2009 , the aggregate redemption value of redeemable class a units was $ 1066974000 and $ 971628000 , respectively .redeemable noncontrolling interests exclude our series g convertible preferred units and series d-13 cumulative redeemable preferred units , as they are accounted for as liabilities in accordance with asc 480 , distinguishing liabilities and equity , because of their possible settlement by issuing a variable number of vornado common shares .accordingly the fair value of these units is included as a component of 201cother liabilities 201d on our consolidated balance sheets and aggregated $ 55097000 and $ 60271000 as of december 31 , 2010 and 2009 , respectively. .
Question: what was the balance of redeemable non-controlling interests as of 12/31/09?
Steps: Ask for number 1251628
Answer: 1251628.0
Question: and as of 12/31/08?
Steps: Ask for number 1177978
Answer: 1177978.0
Question: so what was the change in this value between the two years?
| 73650.0 | 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.
vornado realty trust notes to consolidated financial statements ( continued ) 10 .redeemable noncontrolling interests - continued redeemable noncontrolling interests on our consolidated balance sheets are recorded at the greater of their carrying amount or redemption value at the end of each reporting period .changes in the value from period to period are charged to 201cadditional capital 201d in our consolidated statements of changes in equity .below is a table summarizing the activity of redeemable noncontrolling interests .( amounts in thousands ) . balance at december 31 2008 | $ 1177978
net income | 25120
distributions | -42451 ( 42451 )
conversion of class a units into common shares at redemption value | -90955 ( 90955 )
adjustment to carry redeemable class a units at redemption value | 167049
other net | 14887
balance at december 31 2009 | $ 1251628
net income | 55228
distributions | -53515 ( 53515 )
conversion of class a units into common shares at redemption value | -126764 ( 126764 )
adjustment to carry redeemable class a units at redemption value | 191826
redemption of series d-12 redeemable units | -13000 ( 13000 )
other net | 22571
balance at december 31 2010 | $ 1327974 as of december 31 , 2010 and 2009 , the aggregate redemption value of redeemable class a units was $ 1066974000 and $ 971628000 , respectively .redeemable noncontrolling interests exclude our series g convertible preferred units and series d-13 cumulative redeemable preferred units , as they are accounted for as liabilities in accordance with asc 480 , distinguishing liabilities and equity , because of their possible settlement by issuing a variable number of vornado common shares .accordingly the fair value of these units is included as a component of 201cother liabilities 201d on our consolidated balance sheets and aggregated $ 55097000 and $ 60271000 as of december 31 , 2010 and 2009 , respectively. .
Question: what was the balance of redeemable non-controlling interests as of 12/31/09?
Steps: Ask for number 1251628
Answer: 1251628.0
Question: and as of 12/31/08?
Steps: Ask for number 1177978
Answer: 1177978.0
Question: so what was the change in this value between the two years?
| convfinqa2333 |
vornado realty trust notes to consolidated financial statements ( continued ) 10 .redeemable noncontrolling interests - continued redeemable noncontrolling interests on our consolidated balance sheets are recorded at the greater of their carrying amount or redemption value at the end of each reporting period .changes in the value from period to period are charged to 201cadditional capital 201d in our consolidated statements of changes in equity .below is a table summarizing the activity of redeemable noncontrolling interests .( amounts in thousands ) . balance at december 31 2008 | $ 1177978
net income | 25120
distributions | -42451 ( 42451 )
conversion of class a units into common shares at redemption value | -90955 ( 90955 )
adjustment to carry redeemable class a units at redemption value | 167049
other net | 14887
balance at december 31 2009 | $ 1251628
net income | 55228
distributions | -53515 ( 53515 )
conversion of class a units into common shares at redemption value | -126764 ( 126764 )
adjustment to carry redeemable class a units at redemption value | 191826
redemption of series d-12 redeemable units | -13000 ( 13000 )
other net | 22571
balance at december 31 2010 | $ 1327974 as of december 31 , 2010 and 2009 , the aggregate redemption value of redeemable class a units was $ 1066974000 and $ 971628000 , respectively .redeemable noncontrolling interests exclude our series g convertible preferred units and series d-13 cumulative redeemable preferred units , as they are accounted for as liabilities in accordance with asc 480 , distinguishing liabilities and equity , because of their possible settlement by issuing a variable number of vornado common shares .accordingly the fair value of these units is included as a component of 201cother liabilities 201d on our consolidated balance sheets and aggregated $ 55097000 and $ 60271000 as of december 31 , 2010 and 2009 , respectively. .
Question: what was the balance of redeemable non-controlling interests as of 12/31/09?
Steps: Ask for number 1251628
Answer: 1251628.0
Question: and as of 12/31/08?
Steps: Ask for number 1177978
Answer: 1177978.0
Question: so what was the change in this value between the two years?
Steps: subtract(1251628, 1177978)
Answer: 73650.0
Question: and as a percentage of the original balance?
| 0.06252 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
vornado realty trust notes to consolidated financial statements ( continued ) 10 .redeemable noncontrolling interests - continued redeemable noncontrolling interests on our consolidated balance sheets are recorded at the greater of their carrying amount or redemption value at the end of each reporting period .changes in the value from period to period are charged to 201cadditional capital 201d in our consolidated statements of changes in equity .below is a table summarizing the activity of redeemable noncontrolling interests .( amounts in thousands ) . balance at december 31 2008 | $ 1177978
net income | 25120
distributions | -42451 ( 42451 )
conversion of class a units into common shares at redemption value | -90955 ( 90955 )
adjustment to carry redeemable class a units at redemption value | 167049
other net | 14887
balance at december 31 2009 | $ 1251628
net income | 55228
distributions | -53515 ( 53515 )
conversion of class a units into common shares at redemption value | -126764 ( 126764 )
adjustment to carry redeemable class a units at redemption value | 191826
redemption of series d-12 redeemable units | -13000 ( 13000 )
other net | 22571
balance at december 31 2010 | $ 1327974 as of december 31 , 2010 and 2009 , the aggregate redemption value of redeemable class a units was $ 1066974000 and $ 971628000 , respectively .redeemable noncontrolling interests exclude our series g convertible preferred units and series d-13 cumulative redeemable preferred units , as they are accounted for as liabilities in accordance with asc 480 , distinguishing liabilities and equity , because of their possible settlement by issuing a variable number of vornado common shares .accordingly the fair value of these units is included as a component of 201cother liabilities 201d on our consolidated balance sheets and aggregated $ 55097000 and $ 60271000 as of december 31 , 2010 and 2009 , respectively. .
Question: what was the balance of redeemable non-controlling interests as of 12/31/09?
Steps: Ask for number 1251628
Answer: 1251628.0
Question: and as of 12/31/08?
Steps: Ask for number 1177978
Answer: 1177978.0
Question: so what was the change in this value between the two years?
Steps: subtract(1251628, 1177978)
Answer: 73650.0
Question: and as a percentage of the original balance?
| convfinqa2334 |
note 17 .accumulated other comprehensive losses : pmi's accumulated other comprehensive losses , net of taxes , consisted of the following: . ( losses ) earnings ( in millions ) | ( losses ) earnings 2014 | ( losses ) earnings 2013 | 2012
currency translation adjustments | $ -3929 ( 3929 ) | $ -2207 ( 2207 ) | $ -331 ( 331 )
pension and other benefits | -3020 ( 3020 ) | -2046 ( 2046 ) | -3365 ( 3365 )
derivatives accounted for as hedges | 123 | 63 | 92
total accumulated other comprehensive losses | $ -6826 ( 6826 ) | $ -4190 ( 4190 ) | $ -3604 ( 3604 ) reclassifications from other comprehensive earnings the movements in accumulated other comprehensive losses and the related tax impact , for each of the components above , that are due to current period activity and reclassifications to the income statement are shown on the consolidated statements of comprehensive earnings for the years ended december 31 , 2014 , 2013 , and 2012 .the movement in currency translation adjustments for the year ended december 31 , 2013 , was also impacted by the purchase of the remaining shares of the mexican tobacco business .in addition , $ 5 million and $ 12 million of net currency translation adjustment gains were transferred from other comprehensive earnings to marketing , administration and research costs in the consolidated statements of earnings for the years ended december 31 , 2014 and 2013 , respectively , upon liquidation of a subsidiary .for additional information , see note 13 .benefit plans and note 15 .financial instruments for disclosures related to pmi's pension and other benefits and derivative financial instruments .note 18 .colombian investment and cooperation agreement : on june 19 , 2009 , pmi announced that it had signed an agreement with the republic of colombia , together with the departments of colombia and the capital district of bogota , to promote investment and cooperation with respect to the colombian tobacco market and to fight counterfeit and contraband tobacco products .the investment and cooperation agreement provides $ 200 million in funding to the colombian governments over a 20-year period to address issues of mutual interest , such as combating the illegal cigarette trade , including the threat of counterfeit tobacco products , and increasing the quality and quantity of locally grown tobacco .as a result of the investment and cooperation agreement , pmi recorded a pre-tax charge of $ 135 million in the operating results of the latin america & canada segment during the second quarter of 2009 .at december 31 , 2014 and 2013 , pmi had $ 71 million and $ 74 million , respectively , of discounted liabilities associated with the colombian investment and cooperation agreement .these discounted liabilities are primarily reflected in other long-term liabilities on the consolidated balance sheets and are expected to be paid through 2028 .note 19 .rbh legal settlement : on july 31 , 2008 , rothmans inc .( "rothmans" ) announced the finalization of a cad 550 million settlement ( or approximately $ 540 million , based on the prevailing exchange rate at that time ) between itself and rothmans , benson & hedges inc .( "rbh" ) , on the one hand , and the government of canada and all 10 provinces , on the other hand .the settlement resolved the royal canadian mounted police's investigation relating to products exported from canada by rbh during the 1989-1996 period .rothmans' sole holding was a 60% ( 60 % ) interest in rbh .the remaining 40% ( 40 % ) interest in rbh was owned by pmi. .
Question: what was the difference pmi between 2013 and 2014?
| -3.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
note 17 .accumulated other comprehensive losses : pmi's accumulated other comprehensive losses , net of taxes , consisted of the following: . ( losses ) earnings ( in millions ) | ( losses ) earnings 2014 | ( losses ) earnings 2013 | 2012
currency translation adjustments | $ -3929 ( 3929 ) | $ -2207 ( 2207 ) | $ -331 ( 331 )
pension and other benefits | -3020 ( 3020 ) | -2046 ( 2046 ) | -3365 ( 3365 )
derivatives accounted for as hedges | 123 | 63 | 92
total accumulated other comprehensive losses | $ -6826 ( 6826 ) | $ -4190 ( 4190 ) | $ -3604 ( 3604 ) reclassifications from other comprehensive earnings the movements in accumulated other comprehensive losses and the related tax impact , for each of the components above , that are due to current period activity and reclassifications to the income statement are shown on the consolidated statements of comprehensive earnings for the years ended december 31 , 2014 , 2013 , and 2012 .the movement in currency translation adjustments for the year ended december 31 , 2013 , was also impacted by the purchase of the remaining shares of the mexican tobacco business .in addition , $ 5 million and $ 12 million of net currency translation adjustment gains were transferred from other comprehensive earnings to marketing , administration and research costs in the consolidated statements of earnings for the years ended december 31 , 2014 and 2013 , respectively , upon liquidation of a subsidiary .for additional information , see note 13 .benefit plans and note 15 .financial instruments for disclosures related to pmi's pension and other benefits and derivative financial instruments .note 18 .colombian investment and cooperation agreement : on june 19 , 2009 , pmi announced that it had signed an agreement with the republic of colombia , together with the departments of colombia and the capital district of bogota , to promote investment and cooperation with respect to the colombian tobacco market and to fight counterfeit and contraband tobacco products .the investment and cooperation agreement provides $ 200 million in funding to the colombian governments over a 20-year period to address issues of mutual interest , such as combating the illegal cigarette trade , including the threat of counterfeit tobacco products , and increasing the quality and quantity of locally grown tobacco .as a result of the investment and cooperation agreement , pmi recorded a pre-tax charge of $ 135 million in the operating results of the latin america & canada segment during the second quarter of 2009 .at december 31 , 2014 and 2013 , pmi had $ 71 million and $ 74 million , respectively , of discounted liabilities associated with the colombian investment and cooperation agreement .these discounted liabilities are primarily reflected in other long-term liabilities on the consolidated balance sheets and are expected to be paid through 2028 .note 19 .rbh legal settlement : on july 31 , 2008 , rothmans inc .( "rothmans" ) announced the finalization of a cad 550 million settlement ( or approximately $ 540 million , based on the prevailing exchange rate at that time ) between itself and rothmans , benson & hedges inc .( "rbh" ) , on the one hand , and the government of canada and all 10 provinces , on the other hand .the settlement resolved the royal canadian mounted police's investigation relating to products exported from canada by rbh during the 1989-1996 period .rothmans' sole holding was a 60% ( 60 % ) interest in rbh .the remaining 40% ( 40 % ) interest in rbh was owned by pmi. .
Question: what was the difference pmi between 2013 and 2014?
| convfinqa2335 |
note 17 .accumulated other comprehensive losses : pmi's accumulated other comprehensive losses , net of taxes , consisted of the following: . ( losses ) earnings ( in millions ) | ( losses ) earnings 2014 | ( losses ) earnings 2013 | 2012
currency translation adjustments | $ -3929 ( 3929 ) | $ -2207 ( 2207 ) | $ -331 ( 331 )
pension and other benefits | -3020 ( 3020 ) | -2046 ( 2046 ) | -3365 ( 3365 )
derivatives accounted for as hedges | 123 | 63 | 92
total accumulated other comprehensive losses | $ -6826 ( 6826 ) | $ -4190 ( 4190 ) | $ -3604 ( 3604 ) reclassifications from other comprehensive earnings the movements in accumulated other comprehensive losses and the related tax impact , for each of the components above , that are due to current period activity and reclassifications to the income statement are shown on the consolidated statements of comprehensive earnings for the years ended december 31 , 2014 , 2013 , and 2012 .the movement in currency translation adjustments for the year ended december 31 , 2013 , was also impacted by the purchase of the remaining shares of the mexican tobacco business .in addition , $ 5 million and $ 12 million of net currency translation adjustment gains were transferred from other comprehensive earnings to marketing , administration and research costs in the consolidated statements of earnings for the years ended december 31 , 2014 and 2013 , respectively , upon liquidation of a subsidiary .for additional information , see note 13 .benefit plans and note 15 .financial instruments for disclosures related to pmi's pension and other benefits and derivative financial instruments .note 18 .colombian investment and cooperation agreement : on june 19 , 2009 , pmi announced that it had signed an agreement with the republic of colombia , together with the departments of colombia and the capital district of bogota , to promote investment and cooperation with respect to the colombian tobacco market and to fight counterfeit and contraband tobacco products .the investment and cooperation agreement provides $ 200 million in funding to the colombian governments over a 20-year period to address issues of mutual interest , such as combating the illegal cigarette trade , including the threat of counterfeit tobacco products , and increasing the quality and quantity of locally grown tobacco .as a result of the investment and cooperation agreement , pmi recorded a pre-tax charge of $ 135 million in the operating results of the latin america & canada segment during the second quarter of 2009 .at december 31 , 2014 and 2013 , pmi had $ 71 million and $ 74 million , respectively , of discounted liabilities associated with the colombian investment and cooperation agreement .these discounted liabilities are primarily reflected in other long-term liabilities on the consolidated balance sheets and are expected to be paid through 2028 .note 19 .rbh legal settlement : on july 31 , 2008 , rothmans inc .( "rothmans" ) announced the finalization of a cad 550 million settlement ( or approximately $ 540 million , based on the prevailing exchange rate at that time ) between itself and rothmans , benson & hedges inc .( "rbh" ) , on the one hand , and the government of canada and all 10 provinces , on the other hand .the settlement resolved the royal canadian mounted police's investigation relating to products exported from canada by rbh during the 1989-1996 period .rothmans' sole holding was a 60% ( 60 % ) interest in rbh .the remaining 40% ( 40 % ) interest in rbh was owned by pmi. .
Question: what was the difference pmi between 2013 and 2014?
Steps: subtract(71, 74)
Answer: -3.0
Question: so what was the percentage change during this time?
| -0.04054 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
note 17 .accumulated other comprehensive losses : pmi's accumulated other comprehensive losses , net of taxes , consisted of the following: . ( losses ) earnings ( in millions ) | ( losses ) earnings 2014 | ( losses ) earnings 2013 | 2012
currency translation adjustments | $ -3929 ( 3929 ) | $ -2207 ( 2207 ) | $ -331 ( 331 )
pension and other benefits | -3020 ( 3020 ) | -2046 ( 2046 ) | -3365 ( 3365 )
derivatives accounted for as hedges | 123 | 63 | 92
total accumulated other comprehensive losses | $ -6826 ( 6826 ) | $ -4190 ( 4190 ) | $ -3604 ( 3604 ) reclassifications from other comprehensive earnings the movements in accumulated other comprehensive losses and the related tax impact , for each of the components above , that are due to current period activity and reclassifications to the income statement are shown on the consolidated statements of comprehensive earnings for the years ended december 31 , 2014 , 2013 , and 2012 .the movement in currency translation adjustments for the year ended december 31 , 2013 , was also impacted by the purchase of the remaining shares of the mexican tobacco business .in addition , $ 5 million and $ 12 million of net currency translation adjustment gains were transferred from other comprehensive earnings to marketing , administration and research costs in the consolidated statements of earnings for the years ended december 31 , 2014 and 2013 , respectively , upon liquidation of a subsidiary .for additional information , see note 13 .benefit plans and note 15 .financial instruments for disclosures related to pmi's pension and other benefits and derivative financial instruments .note 18 .colombian investment and cooperation agreement : on june 19 , 2009 , pmi announced that it had signed an agreement with the republic of colombia , together with the departments of colombia and the capital district of bogota , to promote investment and cooperation with respect to the colombian tobacco market and to fight counterfeit and contraband tobacco products .the investment and cooperation agreement provides $ 200 million in funding to the colombian governments over a 20-year period to address issues of mutual interest , such as combating the illegal cigarette trade , including the threat of counterfeit tobacco products , and increasing the quality and quantity of locally grown tobacco .as a result of the investment and cooperation agreement , pmi recorded a pre-tax charge of $ 135 million in the operating results of the latin america & canada segment during the second quarter of 2009 .at december 31 , 2014 and 2013 , pmi had $ 71 million and $ 74 million , respectively , of discounted liabilities associated with the colombian investment and cooperation agreement .these discounted liabilities are primarily reflected in other long-term liabilities on the consolidated balance sheets and are expected to be paid through 2028 .note 19 .rbh legal settlement : on july 31 , 2008 , rothmans inc .( "rothmans" ) announced the finalization of a cad 550 million settlement ( or approximately $ 540 million , based on the prevailing exchange rate at that time ) between itself and rothmans , benson & hedges inc .( "rbh" ) , on the one hand , and the government of canada and all 10 provinces , on the other hand .the settlement resolved the royal canadian mounted police's investigation relating to products exported from canada by rbh during the 1989-1996 period .rothmans' sole holding was a 60% ( 60 % ) interest in rbh .the remaining 40% ( 40 % ) interest in rbh was owned by pmi. .
Question: what was the difference pmi between 2013 and 2014?
Steps: subtract(71, 74)
Answer: -3.0
Question: so what was the percentage change during this time?
| convfinqa2336 |
the goldman sachs group , inc .and subsidiaries management 2019s discussion and analysis the risk committee of the board and the risk governance committee ( through delegated authority from the firmwide risk committee ) approve market risk limits and sub-limits at firmwide , business and product levels , consistent with our risk appetite statement .in addition , market risk management ( through delegated authority from the risk governance committee ) sets market risk limits and sub-limits at certain product and desk levels .the purpose of the firmwide limits is to assist senior management in controlling our overall risk profile .sub-limits are set below the approved level of risk limits .sub-limits set the desired maximum amount of exposure that may be managed by any particular business on a day-to-day basis without additional levels of senior management approval , effectively leaving day-to-day decisions to individual desk managers and traders .accordingly , sub-limits are a management tool designed to ensure appropriate escalation rather than to establish maximum risk tolerance .sub-limits also distribute risk among various businesses in a manner that is consistent with their level of activity and client demand , taking into account the relative performance of each area .our market risk limits are monitored daily by market risk management , which is responsible for identifying and escalating , on a timely basis , instances where limits have been exceeded .when a risk limit has been exceeded ( e.g. , due to positional changes or changes in market conditions , such as increased volatilities or changes in correlations ) , it is escalated to senior managers in market risk management and/or the appropriate risk committee .such instances are remediated by an inventory reduction and/or a temporary or permanent increase to the risk limit .model review and validation our var and stress testing models are regularly reviewed by market risk management and enhanced in order to incorporate changes in the composition of positions included in our market risk measures , as well as variations in market conditions .prior to implementing significant changes to our assumptions and/or models , model risk management performs model validations .significant changes to our var and stress testing models are reviewed with our chief risk officer and chief financial officer , and approved by the firmwide risk committee .see 201cmodel risk management 201d for further information about the review and validation of these models .systems we have made a significant investment in technology to monitor market risk including : 2030 an independent calculation of var and stress measures ; 2030 risk measures calculated at individual position levels ; 2030 attribution of risk measures to individual risk factors of each position ; 2030 the ability to report many different views of the risk measures ( e.g. , by desk , business , product type or entity ) ; 2030 the ability to produce ad hoc analyses in a timely manner .metrics we analyze var at the firmwide level and a variety of more detailed levels , including by risk category , business , and region .the tables below present average daily var and period-end var , as well as the high and low var for the period .diversification effect in the tables below represents the difference between total var and the sum of the vars for the four risk categories .this effect arises because the four market risk categories are not perfectly correlated .the table below presents average daily var by risk category. . $ in millions | year ended december 2017 | year ended december 2016 | year ended december 2015
interest rates | $ 40 | $ 45 | $ 47
equity prices | 24 | 25 | 26
currency rates | 12 | 21 | 30
commodity prices | 13 | 17 | 20
diversification effect | -35 ( 35 ) | -45 ( 45 ) | -47 ( 47 )
total | $ 54 | $ 63 | $ 76 our average daily var decreased to $ 54 million in 2017 from $ 63 million in 2016 , due to reductions across all risk categories , partially offset by a decrease in the diversification effect .the overall decrease was primarily due to lower levels of volatility .our average daily var decreased to $ 63 million in 2016 from $ 76 million in 2015 , due to reductions across all risk categories , partially offset by a decrease in the diversification effect .the overall decrease was primarily due to reduced exposures .goldman sachs 2017 form 10-k 91 .
Question: what was the change in the average daily var in the interest rates risk category from 2016 to 2017?
| -5.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
the goldman sachs group , inc .and subsidiaries management 2019s discussion and analysis the risk committee of the board and the risk governance committee ( through delegated authority from the firmwide risk committee ) approve market risk limits and sub-limits at firmwide , business and product levels , consistent with our risk appetite statement .in addition , market risk management ( through delegated authority from the risk governance committee ) sets market risk limits and sub-limits at certain product and desk levels .the purpose of the firmwide limits is to assist senior management in controlling our overall risk profile .sub-limits are set below the approved level of risk limits .sub-limits set the desired maximum amount of exposure that may be managed by any particular business on a day-to-day basis without additional levels of senior management approval , effectively leaving day-to-day decisions to individual desk managers and traders .accordingly , sub-limits are a management tool designed to ensure appropriate escalation rather than to establish maximum risk tolerance .sub-limits also distribute risk among various businesses in a manner that is consistent with their level of activity and client demand , taking into account the relative performance of each area .our market risk limits are monitored daily by market risk management , which is responsible for identifying and escalating , on a timely basis , instances where limits have been exceeded .when a risk limit has been exceeded ( e.g. , due to positional changes or changes in market conditions , such as increased volatilities or changes in correlations ) , it is escalated to senior managers in market risk management and/or the appropriate risk committee .such instances are remediated by an inventory reduction and/or a temporary or permanent increase to the risk limit .model review and validation our var and stress testing models are regularly reviewed by market risk management and enhanced in order to incorporate changes in the composition of positions included in our market risk measures , as well as variations in market conditions .prior to implementing significant changes to our assumptions and/or models , model risk management performs model validations .significant changes to our var and stress testing models are reviewed with our chief risk officer and chief financial officer , and approved by the firmwide risk committee .see 201cmodel risk management 201d for further information about the review and validation of these models .systems we have made a significant investment in technology to monitor market risk including : 2030 an independent calculation of var and stress measures ; 2030 risk measures calculated at individual position levels ; 2030 attribution of risk measures to individual risk factors of each position ; 2030 the ability to report many different views of the risk measures ( e.g. , by desk , business , product type or entity ) ; 2030 the ability to produce ad hoc analyses in a timely manner .metrics we analyze var at the firmwide level and a variety of more detailed levels , including by risk category , business , and region .the tables below present average daily var and period-end var , as well as the high and low var for the period .diversification effect in the tables below represents the difference between total var and the sum of the vars for the four risk categories .this effect arises because the four market risk categories are not perfectly correlated .the table below presents average daily var by risk category. . $ in millions | year ended december 2017 | year ended december 2016 | year ended december 2015
interest rates | $ 40 | $ 45 | $ 47
equity prices | 24 | 25 | 26
currency rates | 12 | 21 | 30
commodity prices | 13 | 17 | 20
diversification effect | -35 ( 35 ) | -45 ( 45 ) | -47 ( 47 )
total | $ 54 | $ 63 | $ 76 our average daily var decreased to $ 54 million in 2017 from $ 63 million in 2016 , due to reductions across all risk categories , partially offset by a decrease in the diversification effect .the overall decrease was primarily due to lower levels of volatility .our average daily var decreased to $ 63 million in 2016 from $ 76 million in 2015 , due to reductions across all risk categories , partially offset by a decrease in the diversification effect .the overall decrease was primarily due to reduced exposures .goldman sachs 2017 form 10-k 91 .
Question: what was the change in the average daily var in the interest rates risk category from 2016 to 2017?
| convfinqa2337 |
the goldman sachs group , inc .and subsidiaries management 2019s discussion and analysis the risk committee of the board and the risk governance committee ( through delegated authority from the firmwide risk committee ) approve market risk limits and sub-limits at firmwide , business and product levels , consistent with our risk appetite statement .in addition , market risk management ( through delegated authority from the risk governance committee ) sets market risk limits and sub-limits at certain product and desk levels .the purpose of the firmwide limits is to assist senior management in controlling our overall risk profile .sub-limits are set below the approved level of risk limits .sub-limits set the desired maximum amount of exposure that may be managed by any particular business on a day-to-day basis without additional levels of senior management approval , effectively leaving day-to-day decisions to individual desk managers and traders .accordingly , sub-limits are a management tool designed to ensure appropriate escalation rather than to establish maximum risk tolerance .sub-limits also distribute risk among various businesses in a manner that is consistent with their level of activity and client demand , taking into account the relative performance of each area .our market risk limits are monitored daily by market risk management , which is responsible for identifying and escalating , on a timely basis , instances where limits have been exceeded .when a risk limit has been exceeded ( e.g. , due to positional changes or changes in market conditions , such as increased volatilities or changes in correlations ) , it is escalated to senior managers in market risk management and/or the appropriate risk committee .such instances are remediated by an inventory reduction and/or a temporary or permanent increase to the risk limit .model review and validation our var and stress testing models are regularly reviewed by market risk management and enhanced in order to incorporate changes in the composition of positions included in our market risk measures , as well as variations in market conditions .prior to implementing significant changes to our assumptions and/or models , model risk management performs model validations .significant changes to our var and stress testing models are reviewed with our chief risk officer and chief financial officer , and approved by the firmwide risk committee .see 201cmodel risk management 201d for further information about the review and validation of these models .systems we have made a significant investment in technology to monitor market risk including : 2030 an independent calculation of var and stress measures ; 2030 risk measures calculated at individual position levels ; 2030 attribution of risk measures to individual risk factors of each position ; 2030 the ability to report many different views of the risk measures ( e.g. , by desk , business , product type or entity ) ; 2030 the ability to produce ad hoc analyses in a timely manner .metrics we analyze var at the firmwide level and a variety of more detailed levels , including by risk category , business , and region .the tables below present average daily var and period-end var , as well as the high and low var for the period .diversification effect in the tables below represents the difference between total var and the sum of the vars for the four risk categories .this effect arises because the four market risk categories are not perfectly correlated .the table below presents average daily var by risk category. . $ in millions | year ended december 2017 | year ended december 2016 | year ended december 2015
interest rates | $ 40 | $ 45 | $ 47
equity prices | 24 | 25 | 26
currency rates | 12 | 21 | 30
commodity prices | 13 | 17 | 20
diversification effect | -35 ( 35 ) | -45 ( 45 ) | -47 ( 47 )
total | $ 54 | $ 63 | $ 76 our average daily var decreased to $ 54 million in 2017 from $ 63 million in 2016 , due to reductions across all risk categories , partially offset by a decrease in the diversification effect .the overall decrease was primarily due to lower levels of volatility .our average daily var decreased to $ 63 million in 2016 from $ 76 million in 2015 , due to reductions across all risk categories , partially offset by a decrease in the diversification effect .the overall decrease was primarily due to reduced exposures .goldman sachs 2017 form 10-k 91 .
Question: what was the change in the average daily var in the interest rates risk category from 2016 to 2017?
Steps: subtract(40, 45)
Answer: -5.0
Question: and how much did this change represent in relation to that average daily var in 2016, in percentage?
| -0.11111 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
the goldman sachs group , inc .and subsidiaries management 2019s discussion and analysis the risk committee of the board and the risk governance committee ( through delegated authority from the firmwide risk committee ) approve market risk limits and sub-limits at firmwide , business and product levels , consistent with our risk appetite statement .in addition , market risk management ( through delegated authority from the risk governance committee ) sets market risk limits and sub-limits at certain product and desk levels .the purpose of the firmwide limits is to assist senior management in controlling our overall risk profile .sub-limits are set below the approved level of risk limits .sub-limits set the desired maximum amount of exposure that may be managed by any particular business on a day-to-day basis without additional levels of senior management approval , effectively leaving day-to-day decisions to individual desk managers and traders .accordingly , sub-limits are a management tool designed to ensure appropriate escalation rather than to establish maximum risk tolerance .sub-limits also distribute risk among various businesses in a manner that is consistent with their level of activity and client demand , taking into account the relative performance of each area .our market risk limits are monitored daily by market risk management , which is responsible for identifying and escalating , on a timely basis , instances where limits have been exceeded .when a risk limit has been exceeded ( e.g. , due to positional changes or changes in market conditions , such as increased volatilities or changes in correlations ) , it is escalated to senior managers in market risk management and/or the appropriate risk committee .such instances are remediated by an inventory reduction and/or a temporary or permanent increase to the risk limit .model review and validation our var and stress testing models are regularly reviewed by market risk management and enhanced in order to incorporate changes in the composition of positions included in our market risk measures , as well as variations in market conditions .prior to implementing significant changes to our assumptions and/or models , model risk management performs model validations .significant changes to our var and stress testing models are reviewed with our chief risk officer and chief financial officer , and approved by the firmwide risk committee .see 201cmodel risk management 201d for further information about the review and validation of these models .systems we have made a significant investment in technology to monitor market risk including : 2030 an independent calculation of var and stress measures ; 2030 risk measures calculated at individual position levels ; 2030 attribution of risk measures to individual risk factors of each position ; 2030 the ability to report many different views of the risk measures ( e.g. , by desk , business , product type or entity ) ; 2030 the ability to produce ad hoc analyses in a timely manner .metrics we analyze var at the firmwide level and a variety of more detailed levels , including by risk category , business , and region .the tables below present average daily var and period-end var , as well as the high and low var for the period .diversification effect in the tables below represents the difference between total var and the sum of the vars for the four risk categories .this effect arises because the four market risk categories are not perfectly correlated .the table below presents average daily var by risk category. . $ in millions | year ended december 2017 | year ended december 2016 | year ended december 2015
interest rates | $ 40 | $ 45 | $ 47
equity prices | 24 | 25 | 26
currency rates | 12 | 21 | 30
commodity prices | 13 | 17 | 20
diversification effect | -35 ( 35 ) | -45 ( 45 ) | -47 ( 47 )
total | $ 54 | $ 63 | $ 76 our average daily var decreased to $ 54 million in 2017 from $ 63 million in 2016 , due to reductions across all risk categories , partially offset by a decrease in the diversification effect .the overall decrease was primarily due to lower levels of volatility .our average daily var decreased to $ 63 million in 2016 from $ 76 million in 2015 , due to reductions across all risk categories , partially offset by a decrease in the diversification effect .the overall decrease was primarily due to reduced exposures .goldman sachs 2017 form 10-k 91 .
Question: what was the change in the average daily var in the interest rates risk category from 2016 to 2017?
Steps: subtract(40, 45)
Answer: -5.0
Question: and how much did this change represent in relation to that average daily var in 2016, in percentage?
| convfinqa2338 |
the goldman sachs group , inc .and subsidiaries management 2019s discussion and analysis the risk committee of the board and the risk governance committee ( through delegated authority from the firmwide risk committee ) approve market risk limits and sub-limits at firmwide , business and product levels , consistent with our risk appetite statement .in addition , market risk management ( through delegated authority from the risk governance committee ) sets market risk limits and sub-limits at certain product and desk levels .the purpose of the firmwide limits is to assist senior management in controlling our overall risk profile .sub-limits are set below the approved level of risk limits .sub-limits set the desired maximum amount of exposure that may be managed by any particular business on a day-to-day basis without additional levels of senior management approval , effectively leaving day-to-day decisions to individual desk managers and traders .accordingly , sub-limits are a management tool designed to ensure appropriate escalation rather than to establish maximum risk tolerance .sub-limits also distribute risk among various businesses in a manner that is consistent with their level of activity and client demand , taking into account the relative performance of each area .our market risk limits are monitored daily by market risk management , which is responsible for identifying and escalating , on a timely basis , instances where limits have been exceeded .when a risk limit has been exceeded ( e.g. , due to positional changes or changes in market conditions , such as increased volatilities or changes in correlations ) , it is escalated to senior managers in market risk management and/or the appropriate risk committee .such instances are remediated by an inventory reduction and/or a temporary or permanent increase to the risk limit .model review and validation our var and stress testing models are regularly reviewed by market risk management and enhanced in order to incorporate changes in the composition of positions included in our market risk measures , as well as variations in market conditions .prior to implementing significant changes to our assumptions and/or models , model risk management performs model validations .significant changes to our var and stress testing models are reviewed with our chief risk officer and chief financial officer , and approved by the firmwide risk committee .see 201cmodel risk management 201d for further information about the review and validation of these models .systems we have made a significant investment in technology to monitor market risk including : 2030 an independent calculation of var and stress measures ; 2030 risk measures calculated at individual position levels ; 2030 attribution of risk measures to individual risk factors of each position ; 2030 the ability to report many different views of the risk measures ( e.g. , by desk , business , product type or entity ) ; 2030 the ability to produce ad hoc analyses in a timely manner .metrics we analyze var at the firmwide level and a variety of more detailed levels , including by risk category , business , and region .the tables below present average daily var and period-end var , as well as the high and low var for the period .diversification effect in the tables below represents the difference between total var and the sum of the vars for the four risk categories .this effect arises because the four market risk categories are not perfectly correlated .the table below presents average daily var by risk category. . $ in millions | year ended december 2017 | year ended december 2016 | year ended december 2015
interest rates | $ 40 | $ 45 | $ 47
equity prices | 24 | 25 | 26
currency rates | 12 | 21 | 30
commodity prices | 13 | 17 | 20
diversification effect | -35 ( 35 ) | -45 ( 45 ) | -47 ( 47 )
total | $ 54 | $ 63 | $ 76 our average daily var decreased to $ 54 million in 2017 from $ 63 million in 2016 , due to reductions across all risk categories , partially offset by a decrease in the diversification effect .the overall decrease was primarily due to lower levels of volatility .our average daily var decreased to $ 63 million in 2016 from $ 76 million in 2015 , due to reductions across all risk categories , partially offset by a decrease in the diversification effect .the overall decrease was primarily due to reduced exposures .goldman sachs 2017 form 10-k 91 .
Question: what was the change in the average daily var in the interest rates risk category from 2016 to 2017?
Steps: subtract(40, 45)
Answer: -5.0
Question: and how much did this change represent in relation to that average daily var in 2016, in percentage?
Steps: divide(#0, 45)
Answer: -0.11111
Question: was this average daily var greater than the equity prices in 2016, in millions?
| yes | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
the goldman sachs group , inc .and subsidiaries management 2019s discussion and analysis the risk committee of the board and the risk governance committee ( through delegated authority from the firmwide risk committee ) approve market risk limits and sub-limits at firmwide , business and product levels , consistent with our risk appetite statement .in addition , market risk management ( through delegated authority from the risk governance committee ) sets market risk limits and sub-limits at certain product and desk levels .the purpose of the firmwide limits is to assist senior management in controlling our overall risk profile .sub-limits are set below the approved level of risk limits .sub-limits set the desired maximum amount of exposure that may be managed by any particular business on a day-to-day basis without additional levels of senior management approval , effectively leaving day-to-day decisions to individual desk managers and traders .accordingly , sub-limits are a management tool designed to ensure appropriate escalation rather than to establish maximum risk tolerance .sub-limits also distribute risk among various businesses in a manner that is consistent with their level of activity and client demand , taking into account the relative performance of each area .our market risk limits are monitored daily by market risk management , which is responsible for identifying and escalating , on a timely basis , instances where limits have been exceeded .when a risk limit has been exceeded ( e.g. , due to positional changes or changes in market conditions , such as increased volatilities or changes in correlations ) , it is escalated to senior managers in market risk management and/or the appropriate risk committee .such instances are remediated by an inventory reduction and/or a temporary or permanent increase to the risk limit .model review and validation our var and stress testing models are regularly reviewed by market risk management and enhanced in order to incorporate changes in the composition of positions included in our market risk measures , as well as variations in market conditions .prior to implementing significant changes to our assumptions and/or models , model risk management performs model validations .significant changes to our var and stress testing models are reviewed with our chief risk officer and chief financial officer , and approved by the firmwide risk committee .see 201cmodel risk management 201d for further information about the review and validation of these models .systems we have made a significant investment in technology to monitor market risk including : 2030 an independent calculation of var and stress measures ; 2030 risk measures calculated at individual position levels ; 2030 attribution of risk measures to individual risk factors of each position ; 2030 the ability to report many different views of the risk measures ( e.g. , by desk , business , product type or entity ) ; 2030 the ability to produce ad hoc analyses in a timely manner .metrics we analyze var at the firmwide level and a variety of more detailed levels , including by risk category , business , and region .the tables below present average daily var and period-end var , as well as the high and low var for the period .diversification effect in the tables below represents the difference between total var and the sum of the vars for the four risk categories .this effect arises because the four market risk categories are not perfectly correlated .the table below presents average daily var by risk category. . $ in millions | year ended december 2017 | year ended december 2016 | year ended december 2015
interest rates | $ 40 | $ 45 | $ 47
equity prices | 24 | 25 | 26
currency rates | 12 | 21 | 30
commodity prices | 13 | 17 | 20
diversification effect | -35 ( 35 ) | -45 ( 45 ) | -47 ( 47 )
total | $ 54 | $ 63 | $ 76 our average daily var decreased to $ 54 million in 2017 from $ 63 million in 2016 , due to reductions across all risk categories , partially offset by a decrease in the diversification effect .the overall decrease was primarily due to lower levels of volatility .our average daily var decreased to $ 63 million in 2016 from $ 76 million in 2015 , due to reductions across all risk categories , partially offset by a decrease in the diversification effect .the overall decrease was primarily due to reduced exposures .goldman sachs 2017 form 10-k 91 .
Question: what was the change in the average daily var in the interest rates risk category from 2016 to 2017?
Steps: subtract(40, 45)
Answer: -5.0
Question: and how much did this change represent in relation to that average daily var in 2016, in percentage?
Steps: divide(#0, 45)
Answer: -0.11111
Question: was this average daily var greater than the equity prices in 2016, in millions?
| convfinqa2339 |
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 sec , 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 standard & poor 2019s 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 , 2010 in the standard & poor 2019s 500 index , the dow jones transportation average , and our class b common stock. . | 12/31/2010 | 12/31/2011 | 12/31/2012 | 12/31/2013 | 12/31/2014 | 12/31/2015
united parcel service inc . | $ 100.00 | $ 103.88 | $ 107.87 | $ 158.07 | $ 171.77 | $ 160.61
standard & poor 2019s 500 index | $ 100.00 | $ 102.11 | $ 118.43 | $ 156.77 | $ 178.22 | $ 180.67
dow jones transportation average | $ 100.00 | $ 100.01 | $ 107.49 | $ 151.97 | $ 190.08 | $ 158.23 .
Question: what was the change in the performance value of the ups class b common stock from 2010 to 2015?
| 60.61 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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 sec , 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 standard & poor 2019s 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 , 2010 in the standard & poor 2019s 500 index , the dow jones transportation average , and our class b common stock. . | 12/31/2010 | 12/31/2011 | 12/31/2012 | 12/31/2013 | 12/31/2014 | 12/31/2015
united parcel service inc . | $ 100.00 | $ 103.88 | $ 107.87 | $ 158.07 | $ 171.77 | $ 160.61
standard & poor 2019s 500 index | $ 100.00 | $ 102.11 | $ 118.43 | $ 156.77 | $ 178.22 | $ 180.67
dow jones transportation average | $ 100.00 | $ 100.01 | $ 107.49 | $ 151.97 | $ 190.08 | $ 158.23 .
Question: what was the change in the performance value of the ups class b common stock from 2010 to 2015?
| convfinqa2340 |
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 sec , 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 standard & poor 2019s 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 , 2010 in the standard & poor 2019s 500 index , the dow jones transportation average , and our class b common stock. . | 12/31/2010 | 12/31/2011 | 12/31/2012 | 12/31/2013 | 12/31/2014 | 12/31/2015
united parcel service inc . | $ 100.00 | $ 103.88 | $ 107.87 | $ 158.07 | $ 171.77 | $ 160.61
standard & poor 2019s 500 index | $ 100.00 | $ 102.11 | $ 118.43 | $ 156.77 | $ 178.22 | $ 180.67
dow jones transportation average | $ 100.00 | $ 100.01 | $ 107.49 | $ 151.97 | $ 190.08 | $ 158.23 .
Question: what was the change in the performance value of the ups class b common stock from 2010 to 2015?
Steps: subtract(160.61, const_100)
Answer: 60.61
Question: and how much did this change represent in relation to that value in 2010?
| 0.6061 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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 sec , 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 standard & poor 2019s 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 , 2010 in the standard & poor 2019s 500 index , the dow jones transportation average , and our class b common stock. . | 12/31/2010 | 12/31/2011 | 12/31/2012 | 12/31/2013 | 12/31/2014 | 12/31/2015
united parcel service inc . | $ 100.00 | $ 103.88 | $ 107.87 | $ 158.07 | $ 171.77 | $ 160.61
standard & poor 2019s 500 index | $ 100.00 | $ 102.11 | $ 118.43 | $ 156.77 | $ 178.22 | $ 180.67
dow jones transportation average | $ 100.00 | $ 100.01 | $ 107.49 | $ 151.97 | $ 190.08 | $ 158.23 .
Question: what was the change in the performance value of the ups class b common stock from 2010 to 2015?
Steps: subtract(160.61, const_100)
Answer: 60.61
Question: and how much did this change represent in relation to that value in 2010?
| convfinqa2341 |
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 sec , 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 standard & poor 2019s 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 , 2010 in the standard & poor 2019s 500 index , the dow jones transportation average , and our class b common stock. . | 12/31/2010 | 12/31/2011 | 12/31/2012 | 12/31/2013 | 12/31/2014 | 12/31/2015
united parcel service inc . | $ 100.00 | $ 103.88 | $ 107.87 | $ 158.07 | $ 171.77 | $ 160.61
standard & poor 2019s 500 index | $ 100.00 | $ 102.11 | $ 118.43 | $ 156.77 | $ 178.22 | $ 180.67
dow jones transportation average | $ 100.00 | $ 100.01 | $ 107.49 | $ 151.97 | $ 190.08 | $ 158.23 .
Question: what was the change in the performance value of the ups class b common stock from 2010 to 2015?
Steps: subtract(160.61, const_100)
Answer: 60.61
Question: and how much did this change represent in relation to that value in 2010?
Steps: divide(#0, const_100)
Answer: 0.6061
Question: how much is that representation in percentage?
| 0.6061 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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 sec , 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 standard & poor 2019s 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 , 2010 in the standard & poor 2019s 500 index , the dow jones transportation average , and our class b common stock. . | 12/31/2010 | 12/31/2011 | 12/31/2012 | 12/31/2013 | 12/31/2014 | 12/31/2015
united parcel service inc . | $ 100.00 | $ 103.88 | $ 107.87 | $ 158.07 | $ 171.77 | $ 160.61
standard & poor 2019s 500 index | $ 100.00 | $ 102.11 | $ 118.43 | $ 156.77 | $ 178.22 | $ 180.67
dow jones transportation average | $ 100.00 | $ 100.01 | $ 107.49 | $ 151.97 | $ 190.08 | $ 158.23 .
Question: what was the change in the performance value of the ups class b common stock from 2010 to 2015?
Steps: subtract(160.61, const_100)
Answer: 60.61
Question: and how much did this change represent in relation to that value in 2010?
Steps: divide(#0, const_100)
Answer: 0.6061
Question: how much is that representation in percentage?
| convfinqa2342 |
were more than offset by higher raw material and energy costs ( $ 312 million ) , increased market related downtime ( $ 187 million ) and other items ( $ 30 million ) .com- pared with 2003 , higher 2005 earnings in the brazilian papers , u.s .coated papers and u.s .market pulp busi- nesses were offset by lower earnings in the u.s .un- coated papers and the european papers businesses .the printing papers segment took 995000 tons of downtime in 2005 , including 540000 tons of lack-of-order down- time to align production with customer demand .this compared with 525000 tons of downtime in 2004 , of which 65000 tons related to lack-of-orders .printing papers in millions 2005 2004 2003 . in millions | 2005 | 2004 | 2003
sales | $ 7860 | $ 7670 | $ 7280
operating profit | $ 552 | $ 581 | $ 464 uncoated papers sales totaled $ 4.8 billion in 2005 compared with $ 5.0 billion in 2004 and 2003 .sales price realizations in the united states averaged 4.4% ( 4.4 % ) higher in 2005 than in 2004 , and 4.6% ( 4.6 % ) higher than 2003 .favorable pricing momentum which began in 2004 carried over into the beginning of 2005 .demand , however , began to weaken across all grades as the year progressed , resulting in lower price realizations in the second and third quarters .however , prices stabilized as the year ended .total shipments for the year were 7.2% ( 7.2 % ) lower than in 2004 and 4.2% ( 4.2 % ) lower than in 2003 .to continue matching our productive capacity with customer demand , the business announced the perma- nent closure of three uncoated freesheet machines and took significant lack-of-order downtime during the period .demand showed some improvement toward the end of the year , bolstered by the introduction our new line of vision innovation paper products ( vip technologiestm ) , with improved brightness and white- ness .mill operations were favorable compared to last year , and the rebuild of the no .1 machine at the east- over , south carolina mill was completed as planned in the fourth quarter .however , the favorable impacts of improved mill operations and lower overhead costs were more than offset by record high input costs for energy and wood and higher transportation costs compared to 2004 .the earnings decline in 2005 compared with 2003 was principally due to lower shipments , higher down- time and increased costs for wood , energy and trans- portation , partially offset by lower overhead costs and favorable mill operations .average sales price realizations for our european operations remained relatively stable during 2005 , but averaged 1% ( 1 % ) lower than in 2004 , and 6% ( 6 % ) below 2003 levels .sales volumes rose slightly , up 1% ( 1 % ) in 2005 com- pared with 2004 and 5% ( 5 % ) compared to 2003 .earnings were lower than in 2004 , reflecting higher wood and energy costs and a compression of margins due to un- favorable foreign currency exchange movements .earn- ings were also adversely affected by downtime related to the rebuild of three paper machines during the year .coated papers sales in the united states were $ 1.6 bil- lion in 2005 , compared with $ 1.4 billion in 2004 and $ 1.3 billion in 2003 .the business reported an operating profit in 2005 versus a small operating loss in 2004 .the earnings improvement was driven by higher average sales prices and improved mill operations .price realiza- tions in 2005 averaged 13% ( 13 % ) higher than 2004 .higher input costs for raw materials and energy partially offset the benefits from improved prices and operations .sales volumes were about 1% ( 1 % ) lower in 2005 versus 2004 .market pulp sales from our u.s .and european facilities totaled $ 757 million in 2005 compared with $ 661 mil- lion and $ 571 million in 2004 and 2003 , respectively .operating profits in 2005 were up 86% ( 86 % ) from 2004 .an operating loss had been reported in 2003 .higher aver- age prices and sales volumes , lower overhead costs and improved mill operations in 2005 more than offset in- creases in raw material , energy and chemical costs .u.s .softwood and hardwood pulp prices improved through the 2005 first and second quarters , then declined during the third quarter , but recovered somewhat toward year end .softwood pulp prices ended the year about 2% ( 2 % ) lower than 2004 , but were 15% ( 15 % ) higher than 2003 , while hardwood pulp prices ended the year about 15% ( 15 % ) higher than 2004 and 10% ( 10 % ) higher than 2003 .u.s .pulp sales volumes were 12% ( 12 % ) higher than in 2004 and 19% ( 19 % ) higher than in 2003 , reflecting increased global demand .euro- pean pulp volumes increased 15% ( 15 % ) and 2% ( 2 % ) compared with 2004 and 2003 , respectively , while average sales prices increased 4% ( 4 % ) and 11% ( 11 % ) compared with 2004 and 2003 , respectively .brazilian paper sales were $ 684 million in 2005 com- pared with $ 592 million in 2004 and $ 540 million in 2003 .sales volumes for uncoated freesheet paper , coated paper and wood chips were down from 2004 , but average price realizations improved for exported un- coated freesheet and coated groundwood paper grades .favorable currency translation , as yearly average real exchange rates versus the u.s .dollar were 17% ( 17 % ) higher in 2005 than in 2004 , positively impacted reported sales in u.s .dollars .average sales prices for domestic un- coated paper declined 4% ( 4 % ) in local currency versus 2004 , while domestic coated paper prices were down 3% ( 3 % ) .operating profits in 2005 were down 9% ( 9 % ) from 2004 , but were up 2% ( 2 % ) from 2003 .earnings in 2005 were neg- atively impacted by a weaker product and geographic sales mix for both uncoated and coated papers , reflecting increased competition and softer demand , particularly in the printing , commercial and editorial market segments. .
Question: what was the amount of uncoated papers sales in 2005, in millions?
| 4800.0 | 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.
were more than offset by higher raw material and energy costs ( $ 312 million ) , increased market related downtime ( $ 187 million ) and other items ( $ 30 million ) .com- pared with 2003 , higher 2005 earnings in the brazilian papers , u.s .coated papers and u.s .market pulp busi- nesses were offset by lower earnings in the u.s .un- coated papers and the european papers businesses .the printing papers segment took 995000 tons of downtime in 2005 , including 540000 tons of lack-of-order down- time to align production with customer demand .this compared with 525000 tons of downtime in 2004 , of which 65000 tons related to lack-of-orders .printing papers in millions 2005 2004 2003 . in millions | 2005 | 2004 | 2003
sales | $ 7860 | $ 7670 | $ 7280
operating profit | $ 552 | $ 581 | $ 464 uncoated papers sales totaled $ 4.8 billion in 2005 compared with $ 5.0 billion in 2004 and 2003 .sales price realizations in the united states averaged 4.4% ( 4.4 % ) higher in 2005 than in 2004 , and 4.6% ( 4.6 % ) higher than 2003 .favorable pricing momentum which began in 2004 carried over into the beginning of 2005 .demand , however , began to weaken across all grades as the year progressed , resulting in lower price realizations in the second and third quarters .however , prices stabilized as the year ended .total shipments for the year were 7.2% ( 7.2 % ) lower than in 2004 and 4.2% ( 4.2 % ) lower than in 2003 .to continue matching our productive capacity with customer demand , the business announced the perma- nent closure of three uncoated freesheet machines and took significant lack-of-order downtime during the period .demand showed some improvement toward the end of the year , bolstered by the introduction our new line of vision innovation paper products ( vip technologiestm ) , with improved brightness and white- ness .mill operations were favorable compared to last year , and the rebuild of the no .1 machine at the east- over , south carolina mill was completed as planned in the fourth quarter .however , the favorable impacts of improved mill operations and lower overhead costs were more than offset by record high input costs for energy and wood and higher transportation costs compared to 2004 .the earnings decline in 2005 compared with 2003 was principally due to lower shipments , higher down- time and increased costs for wood , energy and trans- portation , partially offset by lower overhead costs and favorable mill operations .average sales price realizations for our european operations remained relatively stable during 2005 , but averaged 1% ( 1 % ) lower than in 2004 , and 6% ( 6 % ) below 2003 levels .sales volumes rose slightly , up 1% ( 1 % ) in 2005 com- pared with 2004 and 5% ( 5 % ) compared to 2003 .earnings were lower than in 2004 , reflecting higher wood and energy costs and a compression of margins due to un- favorable foreign currency exchange movements .earn- ings were also adversely affected by downtime related to the rebuild of three paper machines during the year .coated papers sales in the united states were $ 1.6 bil- lion in 2005 , compared with $ 1.4 billion in 2004 and $ 1.3 billion in 2003 .the business reported an operating profit in 2005 versus a small operating loss in 2004 .the earnings improvement was driven by higher average sales prices and improved mill operations .price realiza- tions in 2005 averaged 13% ( 13 % ) higher than 2004 .higher input costs for raw materials and energy partially offset the benefits from improved prices and operations .sales volumes were about 1% ( 1 % ) lower in 2005 versus 2004 .market pulp sales from our u.s .and european facilities totaled $ 757 million in 2005 compared with $ 661 mil- lion and $ 571 million in 2004 and 2003 , respectively .operating profits in 2005 were up 86% ( 86 % ) from 2004 .an operating loss had been reported in 2003 .higher aver- age prices and sales volumes , lower overhead costs and improved mill operations in 2005 more than offset in- creases in raw material , energy and chemical costs .u.s .softwood and hardwood pulp prices improved through the 2005 first and second quarters , then declined during the third quarter , but recovered somewhat toward year end .softwood pulp prices ended the year about 2% ( 2 % ) lower than 2004 , but were 15% ( 15 % ) higher than 2003 , while hardwood pulp prices ended the year about 15% ( 15 % ) higher than 2004 and 10% ( 10 % ) higher than 2003 .u.s .pulp sales volumes were 12% ( 12 % ) higher than in 2004 and 19% ( 19 % ) higher than in 2003 , reflecting increased global demand .euro- pean pulp volumes increased 15% ( 15 % ) and 2% ( 2 % ) compared with 2004 and 2003 , respectively , while average sales prices increased 4% ( 4 % ) and 11% ( 11 % ) compared with 2004 and 2003 , respectively .brazilian paper sales were $ 684 million in 2005 com- pared with $ 592 million in 2004 and $ 540 million in 2003 .sales volumes for uncoated freesheet paper , coated paper and wood chips were down from 2004 , but average price realizations improved for exported un- coated freesheet and coated groundwood paper grades .favorable currency translation , as yearly average real exchange rates versus the u.s .dollar were 17% ( 17 % ) higher in 2005 than in 2004 , positively impacted reported sales in u.s .dollars .average sales prices for domestic un- coated paper declined 4% ( 4 % ) in local currency versus 2004 , while domestic coated paper prices were down 3% ( 3 % ) .operating profits in 2005 were down 9% ( 9 % ) from 2004 , but were up 2% ( 2 % ) from 2003 .earnings in 2005 were neg- atively impacted by a weaker product and geographic sales mix for both uncoated and coated papers , reflecting increased competition and softer demand , particularly in the printing , commercial and editorial market segments. .
Question: what was the amount of uncoated papers sales in 2005, in millions?
| convfinqa2343 |
were more than offset by higher raw material and energy costs ( $ 312 million ) , increased market related downtime ( $ 187 million ) and other items ( $ 30 million ) .com- pared with 2003 , higher 2005 earnings in the brazilian papers , u.s .coated papers and u.s .market pulp busi- nesses were offset by lower earnings in the u.s .un- coated papers and the european papers businesses .the printing papers segment took 995000 tons of downtime in 2005 , including 540000 tons of lack-of-order down- time to align production with customer demand .this compared with 525000 tons of downtime in 2004 , of which 65000 tons related to lack-of-orders .printing papers in millions 2005 2004 2003 . in millions | 2005 | 2004 | 2003
sales | $ 7860 | $ 7670 | $ 7280
operating profit | $ 552 | $ 581 | $ 464 uncoated papers sales totaled $ 4.8 billion in 2005 compared with $ 5.0 billion in 2004 and 2003 .sales price realizations in the united states averaged 4.4% ( 4.4 % ) higher in 2005 than in 2004 , and 4.6% ( 4.6 % ) higher than 2003 .favorable pricing momentum which began in 2004 carried over into the beginning of 2005 .demand , however , began to weaken across all grades as the year progressed , resulting in lower price realizations in the second and third quarters .however , prices stabilized as the year ended .total shipments for the year were 7.2% ( 7.2 % ) lower than in 2004 and 4.2% ( 4.2 % ) lower than in 2003 .to continue matching our productive capacity with customer demand , the business announced the perma- nent closure of three uncoated freesheet machines and took significant lack-of-order downtime during the period .demand showed some improvement toward the end of the year , bolstered by the introduction our new line of vision innovation paper products ( vip technologiestm ) , with improved brightness and white- ness .mill operations were favorable compared to last year , and the rebuild of the no .1 machine at the east- over , south carolina mill was completed as planned in the fourth quarter .however , the favorable impacts of improved mill operations and lower overhead costs were more than offset by record high input costs for energy and wood and higher transportation costs compared to 2004 .the earnings decline in 2005 compared with 2003 was principally due to lower shipments , higher down- time and increased costs for wood , energy and trans- portation , partially offset by lower overhead costs and favorable mill operations .average sales price realizations for our european operations remained relatively stable during 2005 , but averaged 1% ( 1 % ) lower than in 2004 , and 6% ( 6 % ) below 2003 levels .sales volumes rose slightly , up 1% ( 1 % ) in 2005 com- pared with 2004 and 5% ( 5 % ) compared to 2003 .earnings were lower than in 2004 , reflecting higher wood and energy costs and a compression of margins due to un- favorable foreign currency exchange movements .earn- ings were also adversely affected by downtime related to the rebuild of three paper machines during the year .coated papers sales in the united states were $ 1.6 bil- lion in 2005 , compared with $ 1.4 billion in 2004 and $ 1.3 billion in 2003 .the business reported an operating profit in 2005 versus a small operating loss in 2004 .the earnings improvement was driven by higher average sales prices and improved mill operations .price realiza- tions in 2005 averaged 13% ( 13 % ) higher than 2004 .higher input costs for raw materials and energy partially offset the benefits from improved prices and operations .sales volumes were about 1% ( 1 % ) lower in 2005 versus 2004 .market pulp sales from our u.s .and european facilities totaled $ 757 million in 2005 compared with $ 661 mil- lion and $ 571 million in 2004 and 2003 , respectively .operating profits in 2005 were up 86% ( 86 % ) from 2004 .an operating loss had been reported in 2003 .higher aver- age prices and sales volumes , lower overhead costs and improved mill operations in 2005 more than offset in- creases in raw material , energy and chemical costs .u.s .softwood and hardwood pulp prices improved through the 2005 first and second quarters , then declined during the third quarter , but recovered somewhat toward year end .softwood pulp prices ended the year about 2% ( 2 % ) lower than 2004 , but were 15% ( 15 % ) higher than 2003 , while hardwood pulp prices ended the year about 15% ( 15 % ) higher than 2004 and 10% ( 10 % ) higher than 2003 .u.s .pulp sales volumes were 12% ( 12 % ) higher than in 2004 and 19% ( 19 % ) higher than in 2003 , reflecting increased global demand .euro- pean pulp volumes increased 15% ( 15 % ) and 2% ( 2 % ) compared with 2004 and 2003 , respectively , while average sales prices increased 4% ( 4 % ) and 11% ( 11 % ) compared with 2004 and 2003 , respectively .brazilian paper sales were $ 684 million in 2005 com- pared with $ 592 million in 2004 and $ 540 million in 2003 .sales volumes for uncoated freesheet paper , coated paper and wood chips were down from 2004 , but average price realizations improved for exported un- coated freesheet and coated groundwood paper grades .favorable currency translation , as yearly average real exchange rates versus the u.s .dollar were 17% ( 17 % ) higher in 2005 than in 2004 , positively impacted reported sales in u.s .dollars .average sales prices for domestic un- coated paper declined 4% ( 4 % ) in local currency versus 2004 , while domestic coated paper prices were down 3% ( 3 % ) .operating profits in 2005 were down 9% ( 9 % ) from 2004 , but were up 2% ( 2 % ) from 2003 .earnings in 2005 were neg- atively impacted by a weaker product and geographic sales mix for both uncoated and coated papers , reflecting increased competition and softer demand , particularly in the printing , commercial and editorial market segments. .
Question: what was the amount of uncoated papers sales in 2005, in millions?
Steps: multiply(4.8, const_1000)
Answer: 4800.0
Question: and what was the total of printing paper sales in that year, also in millions?
| 7860.0 | 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.
were more than offset by higher raw material and energy costs ( $ 312 million ) , increased market related downtime ( $ 187 million ) and other items ( $ 30 million ) .com- pared with 2003 , higher 2005 earnings in the brazilian papers , u.s .coated papers and u.s .market pulp busi- nesses were offset by lower earnings in the u.s .un- coated papers and the european papers businesses .the printing papers segment took 995000 tons of downtime in 2005 , including 540000 tons of lack-of-order down- time to align production with customer demand .this compared with 525000 tons of downtime in 2004 , of which 65000 tons related to lack-of-orders .printing papers in millions 2005 2004 2003 . in millions | 2005 | 2004 | 2003
sales | $ 7860 | $ 7670 | $ 7280
operating profit | $ 552 | $ 581 | $ 464 uncoated papers sales totaled $ 4.8 billion in 2005 compared with $ 5.0 billion in 2004 and 2003 .sales price realizations in the united states averaged 4.4% ( 4.4 % ) higher in 2005 than in 2004 , and 4.6% ( 4.6 % ) higher than 2003 .favorable pricing momentum which began in 2004 carried over into the beginning of 2005 .demand , however , began to weaken across all grades as the year progressed , resulting in lower price realizations in the second and third quarters .however , prices stabilized as the year ended .total shipments for the year were 7.2% ( 7.2 % ) lower than in 2004 and 4.2% ( 4.2 % ) lower than in 2003 .to continue matching our productive capacity with customer demand , the business announced the perma- nent closure of three uncoated freesheet machines and took significant lack-of-order downtime during the period .demand showed some improvement toward the end of the year , bolstered by the introduction our new line of vision innovation paper products ( vip technologiestm ) , with improved brightness and white- ness .mill operations were favorable compared to last year , and the rebuild of the no .1 machine at the east- over , south carolina mill was completed as planned in the fourth quarter .however , the favorable impacts of improved mill operations and lower overhead costs were more than offset by record high input costs for energy and wood and higher transportation costs compared to 2004 .the earnings decline in 2005 compared with 2003 was principally due to lower shipments , higher down- time and increased costs for wood , energy and trans- portation , partially offset by lower overhead costs and favorable mill operations .average sales price realizations for our european operations remained relatively stable during 2005 , but averaged 1% ( 1 % ) lower than in 2004 , and 6% ( 6 % ) below 2003 levels .sales volumes rose slightly , up 1% ( 1 % ) in 2005 com- pared with 2004 and 5% ( 5 % ) compared to 2003 .earnings were lower than in 2004 , reflecting higher wood and energy costs and a compression of margins due to un- favorable foreign currency exchange movements .earn- ings were also adversely affected by downtime related to the rebuild of three paper machines during the year .coated papers sales in the united states were $ 1.6 bil- lion in 2005 , compared with $ 1.4 billion in 2004 and $ 1.3 billion in 2003 .the business reported an operating profit in 2005 versus a small operating loss in 2004 .the earnings improvement was driven by higher average sales prices and improved mill operations .price realiza- tions in 2005 averaged 13% ( 13 % ) higher than 2004 .higher input costs for raw materials and energy partially offset the benefits from improved prices and operations .sales volumes were about 1% ( 1 % ) lower in 2005 versus 2004 .market pulp sales from our u.s .and european facilities totaled $ 757 million in 2005 compared with $ 661 mil- lion and $ 571 million in 2004 and 2003 , respectively .operating profits in 2005 were up 86% ( 86 % ) from 2004 .an operating loss had been reported in 2003 .higher aver- age prices and sales volumes , lower overhead costs and improved mill operations in 2005 more than offset in- creases in raw material , energy and chemical costs .u.s .softwood and hardwood pulp prices improved through the 2005 first and second quarters , then declined during the third quarter , but recovered somewhat toward year end .softwood pulp prices ended the year about 2% ( 2 % ) lower than 2004 , but were 15% ( 15 % ) higher than 2003 , while hardwood pulp prices ended the year about 15% ( 15 % ) higher than 2004 and 10% ( 10 % ) higher than 2003 .u.s .pulp sales volumes were 12% ( 12 % ) higher than in 2004 and 19% ( 19 % ) higher than in 2003 , reflecting increased global demand .euro- pean pulp volumes increased 15% ( 15 % ) and 2% ( 2 % ) compared with 2004 and 2003 , respectively , while average sales prices increased 4% ( 4 % ) and 11% ( 11 % ) compared with 2004 and 2003 , respectively .brazilian paper sales were $ 684 million in 2005 com- pared with $ 592 million in 2004 and $ 540 million in 2003 .sales volumes for uncoated freesheet paper , coated paper and wood chips were down from 2004 , but average price realizations improved for exported un- coated freesheet and coated groundwood paper grades .favorable currency translation , as yearly average real exchange rates versus the u.s .dollar were 17% ( 17 % ) higher in 2005 than in 2004 , positively impacted reported sales in u.s .dollars .average sales prices for domestic un- coated paper declined 4% ( 4 % ) in local currency versus 2004 , while domestic coated paper prices were down 3% ( 3 % ) .operating profits in 2005 were down 9% ( 9 % ) from 2004 , but were up 2% ( 2 % ) from 2003 .earnings in 2005 were neg- atively impacted by a weaker product and geographic sales mix for both uncoated and coated papers , reflecting increased competition and softer demand , particularly in the printing , commercial and editorial market segments. .
Question: what was the amount of uncoated papers sales in 2005, in millions?
Steps: multiply(4.8, const_1000)
Answer: 4800.0
Question: and what was the total of printing paper sales in that year, also in millions?
| convfinqa2344 |
were more than offset by higher raw material and energy costs ( $ 312 million ) , increased market related downtime ( $ 187 million ) and other items ( $ 30 million ) .com- pared with 2003 , higher 2005 earnings in the brazilian papers , u.s .coated papers and u.s .market pulp busi- nesses were offset by lower earnings in the u.s .un- coated papers and the european papers businesses .the printing papers segment took 995000 tons of downtime in 2005 , including 540000 tons of lack-of-order down- time to align production with customer demand .this compared with 525000 tons of downtime in 2004 , of which 65000 tons related to lack-of-orders .printing papers in millions 2005 2004 2003 . in millions | 2005 | 2004 | 2003
sales | $ 7860 | $ 7670 | $ 7280
operating profit | $ 552 | $ 581 | $ 464 uncoated papers sales totaled $ 4.8 billion in 2005 compared with $ 5.0 billion in 2004 and 2003 .sales price realizations in the united states averaged 4.4% ( 4.4 % ) higher in 2005 than in 2004 , and 4.6% ( 4.6 % ) higher than 2003 .favorable pricing momentum which began in 2004 carried over into the beginning of 2005 .demand , however , began to weaken across all grades as the year progressed , resulting in lower price realizations in the second and third quarters .however , prices stabilized as the year ended .total shipments for the year were 7.2% ( 7.2 % ) lower than in 2004 and 4.2% ( 4.2 % ) lower than in 2003 .to continue matching our productive capacity with customer demand , the business announced the perma- nent closure of three uncoated freesheet machines and took significant lack-of-order downtime during the period .demand showed some improvement toward the end of the year , bolstered by the introduction our new line of vision innovation paper products ( vip technologiestm ) , with improved brightness and white- ness .mill operations were favorable compared to last year , and the rebuild of the no .1 machine at the east- over , south carolina mill was completed as planned in the fourth quarter .however , the favorable impacts of improved mill operations and lower overhead costs were more than offset by record high input costs for energy and wood and higher transportation costs compared to 2004 .the earnings decline in 2005 compared with 2003 was principally due to lower shipments , higher down- time and increased costs for wood , energy and trans- portation , partially offset by lower overhead costs and favorable mill operations .average sales price realizations for our european operations remained relatively stable during 2005 , but averaged 1% ( 1 % ) lower than in 2004 , and 6% ( 6 % ) below 2003 levels .sales volumes rose slightly , up 1% ( 1 % ) in 2005 com- pared with 2004 and 5% ( 5 % ) compared to 2003 .earnings were lower than in 2004 , reflecting higher wood and energy costs and a compression of margins due to un- favorable foreign currency exchange movements .earn- ings were also adversely affected by downtime related to the rebuild of three paper machines during the year .coated papers sales in the united states were $ 1.6 bil- lion in 2005 , compared with $ 1.4 billion in 2004 and $ 1.3 billion in 2003 .the business reported an operating profit in 2005 versus a small operating loss in 2004 .the earnings improvement was driven by higher average sales prices and improved mill operations .price realiza- tions in 2005 averaged 13% ( 13 % ) higher than 2004 .higher input costs for raw materials and energy partially offset the benefits from improved prices and operations .sales volumes were about 1% ( 1 % ) lower in 2005 versus 2004 .market pulp sales from our u.s .and european facilities totaled $ 757 million in 2005 compared with $ 661 mil- lion and $ 571 million in 2004 and 2003 , respectively .operating profits in 2005 were up 86% ( 86 % ) from 2004 .an operating loss had been reported in 2003 .higher aver- age prices and sales volumes , lower overhead costs and improved mill operations in 2005 more than offset in- creases in raw material , energy and chemical costs .u.s .softwood and hardwood pulp prices improved through the 2005 first and second quarters , then declined during the third quarter , but recovered somewhat toward year end .softwood pulp prices ended the year about 2% ( 2 % ) lower than 2004 , but were 15% ( 15 % ) higher than 2003 , while hardwood pulp prices ended the year about 15% ( 15 % ) higher than 2004 and 10% ( 10 % ) higher than 2003 .u.s .pulp sales volumes were 12% ( 12 % ) higher than in 2004 and 19% ( 19 % ) higher than in 2003 , reflecting increased global demand .euro- pean pulp volumes increased 15% ( 15 % ) and 2% ( 2 % ) compared with 2004 and 2003 , respectively , while average sales prices increased 4% ( 4 % ) and 11% ( 11 % ) compared with 2004 and 2003 , respectively .brazilian paper sales were $ 684 million in 2005 com- pared with $ 592 million in 2004 and $ 540 million in 2003 .sales volumes for uncoated freesheet paper , coated paper and wood chips were down from 2004 , but average price realizations improved for exported un- coated freesheet and coated groundwood paper grades .favorable currency translation , as yearly average real exchange rates versus the u.s .dollar were 17% ( 17 % ) higher in 2005 than in 2004 , positively impacted reported sales in u.s .dollars .average sales prices for domestic un- coated paper declined 4% ( 4 % ) in local currency versus 2004 , while domestic coated paper prices were down 3% ( 3 % ) .operating profits in 2005 were down 9% ( 9 % ) from 2004 , but were up 2% ( 2 % ) from 2003 .earnings in 2005 were neg- atively impacted by a weaker product and geographic sales mix for both uncoated and coated papers , reflecting increased competition and softer demand , particularly in the printing , commercial and editorial market segments. .
Question: what was the amount of uncoated papers sales in 2005, in millions?
Steps: multiply(4.8, const_1000)
Answer: 4800.0
Question: and what was the total of printing paper sales in that year, also in millions?
Steps: Ask for number 7860
Answer: 7860.0
Question: how much, then, does the amount of uncoated paper sales represent in relation to the total of printing paper sales, in percentage?
| 0.61069 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
were more than offset by higher raw material and energy costs ( $ 312 million ) , increased market related downtime ( $ 187 million ) and other items ( $ 30 million ) .com- pared with 2003 , higher 2005 earnings in the brazilian papers , u.s .coated papers and u.s .market pulp busi- nesses were offset by lower earnings in the u.s .un- coated papers and the european papers businesses .the printing papers segment took 995000 tons of downtime in 2005 , including 540000 tons of lack-of-order down- time to align production with customer demand .this compared with 525000 tons of downtime in 2004 , of which 65000 tons related to lack-of-orders .printing papers in millions 2005 2004 2003 . in millions | 2005 | 2004 | 2003
sales | $ 7860 | $ 7670 | $ 7280
operating profit | $ 552 | $ 581 | $ 464 uncoated papers sales totaled $ 4.8 billion in 2005 compared with $ 5.0 billion in 2004 and 2003 .sales price realizations in the united states averaged 4.4% ( 4.4 % ) higher in 2005 than in 2004 , and 4.6% ( 4.6 % ) higher than 2003 .favorable pricing momentum which began in 2004 carried over into the beginning of 2005 .demand , however , began to weaken across all grades as the year progressed , resulting in lower price realizations in the second and third quarters .however , prices stabilized as the year ended .total shipments for the year were 7.2% ( 7.2 % ) lower than in 2004 and 4.2% ( 4.2 % ) lower than in 2003 .to continue matching our productive capacity with customer demand , the business announced the perma- nent closure of three uncoated freesheet machines and took significant lack-of-order downtime during the period .demand showed some improvement toward the end of the year , bolstered by the introduction our new line of vision innovation paper products ( vip technologiestm ) , with improved brightness and white- ness .mill operations were favorable compared to last year , and the rebuild of the no .1 machine at the east- over , south carolina mill was completed as planned in the fourth quarter .however , the favorable impacts of improved mill operations and lower overhead costs were more than offset by record high input costs for energy and wood and higher transportation costs compared to 2004 .the earnings decline in 2005 compared with 2003 was principally due to lower shipments , higher down- time and increased costs for wood , energy and trans- portation , partially offset by lower overhead costs and favorable mill operations .average sales price realizations for our european operations remained relatively stable during 2005 , but averaged 1% ( 1 % ) lower than in 2004 , and 6% ( 6 % ) below 2003 levels .sales volumes rose slightly , up 1% ( 1 % ) in 2005 com- pared with 2004 and 5% ( 5 % ) compared to 2003 .earnings were lower than in 2004 , reflecting higher wood and energy costs and a compression of margins due to un- favorable foreign currency exchange movements .earn- ings were also adversely affected by downtime related to the rebuild of three paper machines during the year .coated papers sales in the united states were $ 1.6 bil- lion in 2005 , compared with $ 1.4 billion in 2004 and $ 1.3 billion in 2003 .the business reported an operating profit in 2005 versus a small operating loss in 2004 .the earnings improvement was driven by higher average sales prices and improved mill operations .price realiza- tions in 2005 averaged 13% ( 13 % ) higher than 2004 .higher input costs for raw materials and energy partially offset the benefits from improved prices and operations .sales volumes were about 1% ( 1 % ) lower in 2005 versus 2004 .market pulp sales from our u.s .and european facilities totaled $ 757 million in 2005 compared with $ 661 mil- lion and $ 571 million in 2004 and 2003 , respectively .operating profits in 2005 were up 86% ( 86 % ) from 2004 .an operating loss had been reported in 2003 .higher aver- age prices and sales volumes , lower overhead costs and improved mill operations in 2005 more than offset in- creases in raw material , energy and chemical costs .u.s .softwood and hardwood pulp prices improved through the 2005 first and second quarters , then declined during the third quarter , but recovered somewhat toward year end .softwood pulp prices ended the year about 2% ( 2 % ) lower than 2004 , but were 15% ( 15 % ) higher than 2003 , while hardwood pulp prices ended the year about 15% ( 15 % ) higher than 2004 and 10% ( 10 % ) higher than 2003 .u.s .pulp sales volumes were 12% ( 12 % ) higher than in 2004 and 19% ( 19 % ) higher than in 2003 , reflecting increased global demand .euro- pean pulp volumes increased 15% ( 15 % ) and 2% ( 2 % ) compared with 2004 and 2003 , respectively , while average sales prices increased 4% ( 4 % ) and 11% ( 11 % ) compared with 2004 and 2003 , respectively .brazilian paper sales were $ 684 million in 2005 com- pared with $ 592 million in 2004 and $ 540 million in 2003 .sales volumes for uncoated freesheet paper , coated paper and wood chips were down from 2004 , but average price realizations improved for exported un- coated freesheet and coated groundwood paper grades .favorable currency translation , as yearly average real exchange rates versus the u.s .dollar were 17% ( 17 % ) higher in 2005 than in 2004 , positively impacted reported sales in u.s .dollars .average sales prices for domestic un- coated paper declined 4% ( 4 % ) in local currency versus 2004 , while domestic coated paper prices were down 3% ( 3 % ) .operating profits in 2005 were down 9% ( 9 % ) from 2004 , but were up 2% ( 2 % ) from 2003 .earnings in 2005 were neg- atively impacted by a weaker product and geographic sales mix for both uncoated and coated papers , reflecting increased competition and softer demand , particularly in the printing , commercial and editorial market segments. .
Question: what was the amount of uncoated papers sales in 2005, in millions?
Steps: multiply(4.8, const_1000)
Answer: 4800.0
Question: and what was the total of printing paper sales in that year, also in millions?
Steps: Ask for number 7860
Answer: 7860.0
Question: how much, then, does the amount of uncoated paper sales represent in relation to the total of printing paper sales, in percentage?
| convfinqa2345 |
estimated future pension benefit payments for the next ten years under the plan ( in millions ) are as follows : estimated future payments: . 2009 | $ 14.9
2010 | 15.9
2011 | 16.2
2012 | 19.2
2013 | 21.9
2014 through 2018 | 142.2 bfi post retirement healthcare plan we acquired obligations under the bfi post retirement healthcare plan as part of our acquisition of allied .this plan provides continued medical coverage for certain former employees following their retirement , including some employees subject to collective bargaining agreements .eligibility for this plan is limited to certain of those employees who had ten or more years of service and were age 55 or older as of december 31 , 1998 , and certain employees in california who were hired on or before december 31 , 2005 and who retire on or after age 55 with at least thirty years of service .liabilities acquired for this plan were $ 1.2 million and $ 1.3 million , respectively , at the acquisition date and at december 31 , 2008 .multi-employer pension plans we contribute to 25 multi-employer pension plans under collective bargaining agreements covering union- represented employees .we acquired responsibility for contributions for a portion of these plans as part of our acquisition of allied .approximately 22% ( 22 % ) of our total current employees are participants in such multi- employer plans .these plans generally provide retirement benefits to participants based on their service to contributing employers .we do not administer these multi-employer plans .in general , these plans are managed by a board of trustees with the unions appointing certain trustees and other contributing employers of the plan appointing certain members .we generally are not represented on the board of trustees .we do not have current plan financial information from the plans 2019 administrators , but based on the information available to us , it is possible that some of the multi-employer plans to which we contribute may be underfunded .the pension protection act , enacted in august 2006 , requires underfunded pension plans to improve their funding ratios within prescribed intervals based on the level of their underfunding .until the plan trustees develop the funding improvement plans or rehabilitation plans as required by the pension protection act , we are unable to determine the amount of assessments we may be subject to , if any .accordingly , we cannot determine at this time the impact that the pension protection act may have on our consolidated financial position , results of operations or cash flows .furthermore , under current law regarding multi-employer benefit plans , a plan 2019s termination , our voluntary withdrawal , or the mass withdrawal of all contributing employers from any under-funded , multi-employer pension plan would require us to make payments to the plan for our proportionate share of the multi- employer plan 2019s unfunded vested liabilities .it is possible that there may be a mass withdrawal of employers contributing to these plans or plans may terminate in the near future .we could have adjustments to our estimates for these matters in the near term that could have a material effect on our consolidated financial condition , results of operations or cash flows .our pension expense for multi-employer plans was $ 21.8 million , $ 18.9 million and $ 17.3 million for the years ended december 31 , 2008 , 2007 and 2006 , respectively .republic services , inc .and subsidiaries notes to consolidated financial statements %%transmsg*** transmitting job : p14076 pcn : 133000000 ***%%pcmsg|131 |00027|yes|no|02/28/2009 21:12|0|0|page is valid , no graphics -- color : d| .
Question: what was the estimated future pension benefit payments increase from 2011 to 2012?
| 3.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
estimated future pension benefit payments for the next ten years under the plan ( in millions ) are as follows : estimated future payments: . 2009 | $ 14.9
2010 | 15.9
2011 | 16.2
2012 | 19.2
2013 | 21.9
2014 through 2018 | 142.2 bfi post retirement healthcare plan we acquired obligations under the bfi post retirement healthcare plan as part of our acquisition of allied .this plan provides continued medical coverage for certain former employees following their retirement , including some employees subject to collective bargaining agreements .eligibility for this plan is limited to certain of those employees who had ten or more years of service and were age 55 or older as of december 31 , 1998 , and certain employees in california who were hired on or before december 31 , 2005 and who retire on or after age 55 with at least thirty years of service .liabilities acquired for this plan were $ 1.2 million and $ 1.3 million , respectively , at the acquisition date and at december 31 , 2008 .multi-employer pension plans we contribute to 25 multi-employer pension plans under collective bargaining agreements covering union- represented employees .we acquired responsibility for contributions for a portion of these plans as part of our acquisition of allied .approximately 22% ( 22 % ) of our total current employees are participants in such multi- employer plans .these plans generally provide retirement benefits to participants based on their service to contributing employers .we do not administer these multi-employer plans .in general , these plans are managed by a board of trustees with the unions appointing certain trustees and other contributing employers of the plan appointing certain members .we generally are not represented on the board of trustees .we do not have current plan financial information from the plans 2019 administrators , but based on the information available to us , it is possible that some of the multi-employer plans to which we contribute may be underfunded .the pension protection act , enacted in august 2006 , requires underfunded pension plans to improve their funding ratios within prescribed intervals based on the level of their underfunding .until the plan trustees develop the funding improvement plans or rehabilitation plans as required by the pension protection act , we are unable to determine the amount of assessments we may be subject to , if any .accordingly , we cannot determine at this time the impact that the pension protection act may have on our consolidated financial position , results of operations or cash flows .furthermore , under current law regarding multi-employer benefit plans , a plan 2019s termination , our voluntary withdrawal , or the mass withdrawal of all contributing employers from any under-funded , multi-employer pension plan would require us to make payments to the plan for our proportionate share of the multi- employer plan 2019s unfunded vested liabilities .it is possible that there may be a mass withdrawal of employers contributing to these plans or plans may terminate in the near future .we could have adjustments to our estimates for these matters in the near term that could have a material effect on our consolidated financial condition , results of operations or cash flows .our pension expense for multi-employer plans was $ 21.8 million , $ 18.9 million and $ 17.3 million for the years ended december 31 , 2008 , 2007 and 2006 , respectively .republic services , inc .and subsidiaries notes to consolidated financial statements %%transmsg*** transmitting job : p14076 pcn : 133000000 ***%%pcmsg|131 |00027|yes|no|02/28/2009 21:12|0|0|page is valid , no graphics -- color : d| .
Question: what was the estimated future pension benefit payments increase from 2011 to 2012?
| convfinqa2346 |
estimated future pension benefit payments for the next ten years under the plan ( in millions ) are as follows : estimated future payments: . 2009 | $ 14.9
2010 | 15.9
2011 | 16.2
2012 | 19.2
2013 | 21.9
2014 through 2018 | 142.2 bfi post retirement healthcare plan we acquired obligations under the bfi post retirement healthcare plan as part of our acquisition of allied .this plan provides continued medical coverage for certain former employees following their retirement , including some employees subject to collective bargaining agreements .eligibility for this plan is limited to certain of those employees who had ten or more years of service and were age 55 or older as of december 31 , 1998 , and certain employees in california who were hired on or before december 31 , 2005 and who retire on or after age 55 with at least thirty years of service .liabilities acquired for this plan were $ 1.2 million and $ 1.3 million , respectively , at the acquisition date and at december 31 , 2008 .multi-employer pension plans we contribute to 25 multi-employer pension plans under collective bargaining agreements covering union- represented employees .we acquired responsibility for contributions for a portion of these plans as part of our acquisition of allied .approximately 22% ( 22 % ) of our total current employees are participants in such multi- employer plans .these plans generally provide retirement benefits to participants based on their service to contributing employers .we do not administer these multi-employer plans .in general , these plans are managed by a board of trustees with the unions appointing certain trustees and other contributing employers of the plan appointing certain members .we generally are not represented on the board of trustees .we do not have current plan financial information from the plans 2019 administrators , but based on the information available to us , it is possible that some of the multi-employer plans to which we contribute may be underfunded .the pension protection act , enacted in august 2006 , requires underfunded pension plans to improve their funding ratios within prescribed intervals based on the level of their underfunding .until the plan trustees develop the funding improvement plans or rehabilitation plans as required by the pension protection act , we are unable to determine the amount of assessments we may be subject to , if any .accordingly , we cannot determine at this time the impact that the pension protection act may have on our consolidated financial position , results of operations or cash flows .furthermore , under current law regarding multi-employer benefit plans , a plan 2019s termination , our voluntary withdrawal , or the mass withdrawal of all contributing employers from any under-funded , multi-employer pension plan would require us to make payments to the plan for our proportionate share of the multi- employer plan 2019s unfunded vested liabilities .it is possible that there may be a mass withdrawal of employers contributing to these plans or plans may terminate in the near future .we could have adjustments to our estimates for these matters in the near term that could have a material effect on our consolidated financial condition , results of operations or cash flows .our pension expense for multi-employer plans was $ 21.8 million , $ 18.9 million and $ 17.3 million for the years ended december 31 , 2008 , 2007 and 2006 , respectively .republic services , inc .and subsidiaries notes to consolidated financial statements %%transmsg*** transmitting job : p14076 pcn : 133000000 ***%%pcmsg|131 |00027|yes|no|02/28/2009 21:12|0|0|page is valid , no graphics -- color : d| .
Question: what was the estimated future pension benefit payments increase from 2011 to 2012?
Steps: subtract(19.2, 16.2)
Answer: 3.0
Question: and what is this increase as a percentage of those payments in 2011?
| 0.18519 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
estimated future pension benefit payments for the next ten years under the plan ( in millions ) are as follows : estimated future payments: . 2009 | $ 14.9
2010 | 15.9
2011 | 16.2
2012 | 19.2
2013 | 21.9
2014 through 2018 | 142.2 bfi post retirement healthcare plan we acquired obligations under the bfi post retirement healthcare plan as part of our acquisition of allied .this plan provides continued medical coverage for certain former employees following their retirement , including some employees subject to collective bargaining agreements .eligibility for this plan is limited to certain of those employees who had ten or more years of service and were age 55 or older as of december 31 , 1998 , and certain employees in california who were hired on or before december 31 , 2005 and who retire on or after age 55 with at least thirty years of service .liabilities acquired for this plan were $ 1.2 million and $ 1.3 million , respectively , at the acquisition date and at december 31 , 2008 .multi-employer pension plans we contribute to 25 multi-employer pension plans under collective bargaining agreements covering union- represented employees .we acquired responsibility for contributions for a portion of these plans as part of our acquisition of allied .approximately 22% ( 22 % ) of our total current employees are participants in such multi- employer plans .these plans generally provide retirement benefits to participants based on their service to contributing employers .we do not administer these multi-employer plans .in general , these plans are managed by a board of trustees with the unions appointing certain trustees and other contributing employers of the plan appointing certain members .we generally are not represented on the board of trustees .we do not have current plan financial information from the plans 2019 administrators , but based on the information available to us , it is possible that some of the multi-employer plans to which we contribute may be underfunded .the pension protection act , enacted in august 2006 , requires underfunded pension plans to improve their funding ratios within prescribed intervals based on the level of their underfunding .until the plan trustees develop the funding improvement plans or rehabilitation plans as required by the pension protection act , we are unable to determine the amount of assessments we may be subject to , if any .accordingly , we cannot determine at this time the impact that the pension protection act may have on our consolidated financial position , results of operations or cash flows .furthermore , under current law regarding multi-employer benefit plans , a plan 2019s termination , our voluntary withdrawal , or the mass withdrawal of all contributing employers from any under-funded , multi-employer pension plan would require us to make payments to the plan for our proportionate share of the multi- employer plan 2019s unfunded vested liabilities .it is possible that there may be a mass withdrawal of employers contributing to these plans or plans may terminate in the near future .we could have adjustments to our estimates for these matters in the near term that could have a material effect on our consolidated financial condition , results of operations or cash flows .our pension expense for multi-employer plans was $ 21.8 million , $ 18.9 million and $ 17.3 million for the years ended december 31 , 2008 , 2007 and 2006 , respectively .republic services , inc .and subsidiaries notes to consolidated financial statements %%transmsg*** transmitting job : p14076 pcn : 133000000 ***%%pcmsg|131 |00027|yes|no|02/28/2009 21:12|0|0|page is valid , no graphics -- color : d| .
Question: what was the estimated future pension benefit payments increase from 2011 to 2012?
Steps: subtract(19.2, 16.2)
Answer: 3.0
Question: and what is this increase as a percentage of those payments in 2011?
| convfinqa2347 |
estimated future pension benefit payments for the next ten years under the plan ( in millions ) are as follows : estimated future payments: . 2009 | $ 14.9
2010 | 15.9
2011 | 16.2
2012 | 19.2
2013 | 21.9
2014 through 2018 | 142.2 bfi post retirement healthcare plan we acquired obligations under the bfi post retirement healthcare plan as part of our acquisition of allied .this plan provides continued medical coverage for certain former employees following their retirement , including some employees subject to collective bargaining agreements .eligibility for this plan is limited to certain of those employees who had ten or more years of service and were age 55 or older as of december 31 , 1998 , and certain employees in california who were hired on or before december 31 , 2005 and who retire on or after age 55 with at least thirty years of service .liabilities acquired for this plan were $ 1.2 million and $ 1.3 million , respectively , at the acquisition date and at december 31 , 2008 .multi-employer pension plans we contribute to 25 multi-employer pension plans under collective bargaining agreements covering union- represented employees .we acquired responsibility for contributions for a portion of these plans as part of our acquisition of allied .approximately 22% ( 22 % ) of our total current employees are participants in such multi- employer plans .these plans generally provide retirement benefits to participants based on their service to contributing employers .we do not administer these multi-employer plans .in general , these plans are managed by a board of trustees with the unions appointing certain trustees and other contributing employers of the plan appointing certain members .we generally are not represented on the board of trustees .we do not have current plan financial information from the plans 2019 administrators , but based on the information available to us , it is possible that some of the multi-employer plans to which we contribute may be underfunded .the pension protection act , enacted in august 2006 , requires underfunded pension plans to improve their funding ratios within prescribed intervals based on the level of their underfunding .until the plan trustees develop the funding improvement plans or rehabilitation plans as required by the pension protection act , we are unable to determine the amount of assessments we may be subject to , if any .accordingly , we cannot determine at this time the impact that the pension protection act may have on our consolidated financial position , results of operations or cash flows .furthermore , under current law regarding multi-employer benefit plans , a plan 2019s termination , our voluntary withdrawal , or the mass withdrawal of all contributing employers from any under-funded , multi-employer pension plan would require us to make payments to the plan for our proportionate share of the multi- employer plan 2019s unfunded vested liabilities .it is possible that there may be a mass withdrawal of employers contributing to these plans or plans may terminate in the near future .we could have adjustments to our estimates for these matters in the near term that could have a material effect on our consolidated financial condition , results of operations or cash flows .our pension expense for multi-employer plans was $ 21.8 million , $ 18.9 million and $ 17.3 million for the years ended december 31 , 2008 , 2007 and 2006 , respectively .republic services , inc .and subsidiaries notes to consolidated financial statements %%transmsg*** transmitting job : p14076 pcn : 133000000 ***%%pcmsg|131 |00027|yes|no|02/28/2009 21:12|0|0|page is valid , no graphics -- color : d| .
Question: what was the estimated future pension benefit payments increase from 2011 to 2012?
Steps: subtract(19.2, 16.2)
Answer: 3.0
Question: and what is this increase as a percentage of those payments in 2011?
Steps: Ask for number 16.2
Answer: 0.18519
Question: and three years earlier, in 2008, what were the total liabilities acquired for the bfi post retirement healthcare plan, in millions?
| 2.5 | 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.
estimated future pension benefit payments for the next ten years under the plan ( in millions ) are as follows : estimated future payments: . 2009 | $ 14.9
2010 | 15.9
2011 | 16.2
2012 | 19.2
2013 | 21.9
2014 through 2018 | 142.2 bfi post retirement healthcare plan we acquired obligations under the bfi post retirement healthcare plan as part of our acquisition of allied .this plan provides continued medical coverage for certain former employees following their retirement , including some employees subject to collective bargaining agreements .eligibility for this plan is limited to certain of those employees who had ten or more years of service and were age 55 or older as of december 31 , 1998 , and certain employees in california who were hired on or before december 31 , 2005 and who retire on or after age 55 with at least thirty years of service .liabilities acquired for this plan were $ 1.2 million and $ 1.3 million , respectively , at the acquisition date and at december 31 , 2008 .multi-employer pension plans we contribute to 25 multi-employer pension plans under collective bargaining agreements covering union- represented employees .we acquired responsibility for contributions for a portion of these plans as part of our acquisition of allied .approximately 22% ( 22 % ) of our total current employees are participants in such multi- employer plans .these plans generally provide retirement benefits to participants based on their service to contributing employers .we do not administer these multi-employer plans .in general , these plans are managed by a board of trustees with the unions appointing certain trustees and other contributing employers of the plan appointing certain members .we generally are not represented on the board of trustees .we do not have current plan financial information from the plans 2019 administrators , but based on the information available to us , it is possible that some of the multi-employer plans to which we contribute may be underfunded .the pension protection act , enacted in august 2006 , requires underfunded pension plans to improve their funding ratios within prescribed intervals based on the level of their underfunding .until the plan trustees develop the funding improvement plans or rehabilitation plans as required by the pension protection act , we are unable to determine the amount of assessments we may be subject to , if any .accordingly , we cannot determine at this time the impact that the pension protection act may have on our consolidated financial position , results of operations or cash flows .furthermore , under current law regarding multi-employer benefit plans , a plan 2019s termination , our voluntary withdrawal , or the mass withdrawal of all contributing employers from any under-funded , multi-employer pension plan would require us to make payments to the plan for our proportionate share of the multi- employer plan 2019s unfunded vested liabilities .it is possible that there may be a mass withdrawal of employers contributing to these plans or plans may terminate in the near future .we could have adjustments to our estimates for these matters in the near term that could have a material effect on our consolidated financial condition , results of operations or cash flows .our pension expense for multi-employer plans was $ 21.8 million , $ 18.9 million and $ 17.3 million for the years ended december 31 , 2008 , 2007 and 2006 , respectively .republic services , inc .and subsidiaries notes to consolidated financial statements %%transmsg*** transmitting job : p14076 pcn : 133000000 ***%%pcmsg|131 |00027|yes|no|02/28/2009 21:12|0|0|page is valid , no graphics -- color : d| .
Question: what was the estimated future pension benefit payments increase from 2011 to 2012?
Steps: subtract(19.2, 16.2)
Answer: 3.0
Question: and what is this increase as a percentage of those payments in 2011?
Steps: Ask for number 16.2
Answer: 0.18519
Question: and three years earlier, in 2008, what were the total liabilities acquired for the bfi post retirement healthcare plan, in millions?
| convfinqa2348 |
notes to consolidated financial statements 2014 ( continued ) note 14 2014commitments and contingencies leases we conduct a major part of our operations using leased facilities and equipment .many of these leases have renewal and purchase options and provide that we pay the cost of property taxes , insurance and maintenance .rent expense on all operating leases for fiscal 2010 , 2009 and 2008 was $ 32.8 million , $ 30.2 million , and $ 30.4 million , respectively .future minimum lease payments for all noncancelable leases at may 31 , 2010 were as follows : operating leases . | operating leases
2011 | $ 9856
2012 | 3803
2013 | 2538
2014 | 1580
2015 | 928
thereafter | 1428
total future minimum lease payments | $ 20133 we are party to a number of claims and lawsuits incidental to our business .in the opinion of management , the reasonably possible outcome of such matters , individually or in the aggregate , will not have a material adverse impact on our financial position , liquidity or results of operations .we define operating taxes as tax contingencies that are unrelated to income taxes , such as sales and property taxes .during the course of operations , we must interpret the meaning of various operating tax matters in the united states and in the foreign jurisdictions in which we do business .taxing authorities in those various jurisdictions may arrive at different interpretations of applicable tax laws and regulations as they relate to such operating tax matters , which could result in the payment of additional taxes in those jurisdictions .as of may 31 , 2010 and 2009 we did not have a liability for operating tax items .the amount of the liability is based on management 2019s best estimate given our history with similar matters and interpretations of current laws and regulations .bin/ica agreements in connection with our acquisition of merchant credit card operations of banks , we have entered into sponsorship or depository and processing agreements with certain of the banks .these agreements allow us to use the banks 2019 identification numbers , referred to as bank identification number for visa transactions and interbank card association number for mastercard transactions , to clear credit card transactions through visa and mastercard .certain of such agreements contain financial covenants , and we were in compliance with all such covenants as of may 31 , 2010 .on june 18 , 2010 , cibc provided notice that it will not renew its sponsorship with us for visa in canada after the initial ten year term .as a result , their canadian visa sponsorship will expire in march 2011 .we are .
Question: what was the total rent expense on all operating leases for fiscal in the years of 2010 and 2009, in millions?
| 63.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
notes to consolidated financial statements 2014 ( continued ) note 14 2014commitments and contingencies leases we conduct a major part of our operations using leased facilities and equipment .many of these leases have renewal and purchase options and provide that we pay the cost of property taxes , insurance and maintenance .rent expense on all operating leases for fiscal 2010 , 2009 and 2008 was $ 32.8 million , $ 30.2 million , and $ 30.4 million , respectively .future minimum lease payments for all noncancelable leases at may 31 , 2010 were as follows : operating leases . | operating leases
2011 | $ 9856
2012 | 3803
2013 | 2538
2014 | 1580
2015 | 928
thereafter | 1428
total future minimum lease payments | $ 20133 we are party to a number of claims and lawsuits incidental to our business .in the opinion of management , the reasonably possible outcome of such matters , individually or in the aggregate , will not have a material adverse impact on our financial position , liquidity or results of operations .we define operating taxes as tax contingencies that are unrelated to income taxes , such as sales and property taxes .during the course of operations , we must interpret the meaning of various operating tax matters in the united states and in the foreign jurisdictions in which we do business .taxing authorities in those various jurisdictions may arrive at different interpretations of applicable tax laws and regulations as they relate to such operating tax matters , which could result in the payment of additional taxes in those jurisdictions .as of may 31 , 2010 and 2009 we did not have a liability for operating tax items .the amount of the liability is based on management 2019s best estimate given our history with similar matters and interpretations of current laws and regulations .bin/ica agreements in connection with our acquisition of merchant credit card operations of banks , we have entered into sponsorship or depository and processing agreements with certain of the banks .these agreements allow us to use the banks 2019 identification numbers , referred to as bank identification number for visa transactions and interbank card association number for mastercard transactions , to clear credit card transactions through visa and mastercard .certain of such agreements contain financial covenants , and we were in compliance with all such covenants as of may 31 , 2010 .on june 18 , 2010 , cibc provided notice that it will not renew its sponsorship with us for visa in canada after the initial ten year term .as a result , their canadian visa sponsorship will expire in march 2011 .we are .
Question: what was the total rent expense on all operating leases for fiscal in the years of 2010 and 2009, in millions?
| convfinqa2349 |
notes to consolidated financial statements 2014 ( continued ) note 14 2014commitments and contingencies leases we conduct a major part of our operations using leased facilities and equipment .many of these leases have renewal and purchase options and provide that we pay the cost of property taxes , insurance and maintenance .rent expense on all operating leases for fiscal 2010 , 2009 and 2008 was $ 32.8 million , $ 30.2 million , and $ 30.4 million , respectively .future minimum lease payments for all noncancelable leases at may 31 , 2010 were as follows : operating leases . | operating leases
2011 | $ 9856
2012 | 3803
2013 | 2538
2014 | 1580
2015 | 928
thereafter | 1428
total future minimum lease payments | $ 20133 we are party to a number of claims and lawsuits incidental to our business .in the opinion of management , the reasonably possible outcome of such matters , individually or in the aggregate , will not have a material adverse impact on our financial position , liquidity or results of operations .we define operating taxes as tax contingencies that are unrelated to income taxes , such as sales and property taxes .during the course of operations , we must interpret the meaning of various operating tax matters in the united states and in the foreign jurisdictions in which we do business .taxing authorities in those various jurisdictions may arrive at different interpretations of applicable tax laws and regulations as they relate to such operating tax matters , which could result in the payment of additional taxes in those jurisdictions .as of may 31 , 2010 and 2009 we did not have a liability for operating tax items .the amount of the liability is based on management 2019s best estimate given our history with similar matters and interpretations of current laws and regulations .bin/ica agreements in connection with our acquisition of merchant credit card operations of banks , we have entered into sponsorship or depository and processing agreements with certain of the banks .these agreements allow us to use the banks 2019 identification numbers , referred to as bank identification number for visa transactions and interbank card association number for mastercard transactions , to clear credit card transactions through visa and mastercard .certain of such agreements contain financial covenants , and we were in compliance with all such covenants as of may 31 , 2010 .on june 18 , 2010 , cibc provided notice that it will not renew its sponsorship with us for visa in canada after the initial ten year term .as a result , their canadian visa sponsorship will expire in march 2011 .we are .
Question: what was the total rent expense on all operating leases for fiscal in the years of 2010 and 2009, in millions?
Steps: add(32.8, 30.2)
Answer: 63.0
Question: and what was the rent expense on all operating leases for fiscal in the year of 2008, in millions?
| 30.4 | 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.
notes to consolidated financial statements 2014 ( continued ) note 14 2014commitments and contingencies leases we conduct a major part of our operations using leased facilities and equipment .many of these leases have renewal and purchase options and provide that we pay the cost of property taxes , insurance and maintenance .rent expense on all operating leases for fiscal 2010 , 2009 and 2008 was $ 32.8 million , $ 30.2 million , and $ 30.4 million , respectively .future minimum lease payments for all noncancelable leases at may 31 , 2010 were as follows : operating leases . | operating leases
2011 | $ 9856
2012 | 3803
2013 | 2538
2014 | 1580
2015 | 928
thereafter | 1428
total future minimum lease payments | $ 20133 we are party to a number of claims and lawsuits incidental to our business .in the opinion of management , the reasonably possible outcome of such matters , individually or in the aggregate , will not have a material adverse impact on our financial position , liquidity or results of operations .we define operating taxes as tax contingencies that are unrelated to income taxes , such as sales and property taxes .during the course of operations , we must interpret the meaning of various operating tax matters in the united states and in the foreign jurisdictions in which we do business .taxing authorities in those various jurisdictions may arrive at different interpretations of applicable tax laws and regulations as they relate to such operating tax matters , which could result in the payment of additional taxes in those jurisdictions .as of may 31 , 2010 and 2009 we did not have a liability for operating tax items .the amount of the liability is based on management 2019s best estimate given our history with similar matters and interpretations of current laws and regulations .bin/ica agreements in connection with our acquisition of merchant credit card operations of banks , we have entered into sponsorship or depository and processing agreements with certain of the banks .these agreements allow us to use the banks 2019 identification numbers , referred to as bank identification number for visa transactions and interbank card association number for mastercard transactions , to clear credit card transactions through visa and mastercard .certain of such agreements contain financial covenants , and we were in compliance with all such covenants as of may 31 , 2010 .on june 18 , 2010 , cibc provided notice that it will not renew its sponsorship with us for visa in canada after the initial ten year term .as a result , their canadian visa sponsorship will expire in march 2011 .we are .
Question: what was the total rent expense on all operating leases for fiscal in the years of 2010 and 2009, in millions?
Steps: add(32.8, 30.2)
Answer: 63.0
Question: and what was the rent expense on all operating leases for fiscal in the year of 2008, in millions?
| convfinqa2350 |
notes to consolidated financial statements 2014 ( continued ) note 14 2014commitments and contingencies leases we conduct a major part of our operations using leased facilities and equipment .many of these leases have renewal and purchase options and provide that we pay the cost of property taxes , insurance and maintenance .rent expense on all operating leases for fiscal 2010 , 2009 and 2008 was $ 32.8 million , $ 30.2 million , and $ 30.4 million , respectively .future minimum lease payments for all noncancelable leases at may 31 , 2010 were as follows : operating leases . | operating leases
2011 | $ 9856
2012 | 3803
2013 | 2538
2014 | 1580
2015 | 928
thereafter | 1428
total future minimum lease payments | $ 20133 we are party to a number of claims and lawsuits incidental to our business .in the opinion of management , the reasonably possible outcome of such matters , individually or in the aggregate , will not have a material adverse impact on our financial position , liquidity or results of operations .we define operating taxes as tax contingencies that are unrelated to income taxes , such as sales and property taxes .during the course of operations , we must interpret the meaning of various operating tax matters in the united states and in the foreign jurisdictions in which we do business .taxing authorities in those various jurisdictions may arrive at different interpretations of applicable tax laws and regulations as they relate to such operating tax matters , which could result in the payment of additional taxes in those jurisdictions .as of may 31 , 2010 and 2009 we did not have a liability for operating tax items .the amount of the liability is based on management 2019s best estimate given our history with similar matters and interpretations of current laws and regulations .bin/ica agreements in connection with our acquisition of merchant credit card operations of banks , we have entered into sponsorship or depository and processing agreements with certain of the banks .these agreements allow us to use the banks 2019 identification numbers , referred to as bank identification number for visa transactions and interbank card association number for mastercard transactions , to clear credit card transactions through visa and mastercard .certain of such agreements contain financial covenants , and we were in compliance with all such covenants as of may 31 , 2010 .on june 18 , 2010 , cibc provided notice that it will not renew its sponsorship with us for visa in canada after the initial ten year term .as a result , their canadian visa sponsorship will expire in march 2011 .we are .
Question: what was the total rent expense on all operating leases for fiscal in the years of 2010 and 2009, in millions?
Steps: add(32.8, 30.2)
Answer: 63.0
Question: and what was the rent expense on all operating leases for fiscal in the year of 2008, in millions?
Steps: Ask for number 30.4
Answer: 30.4
Question: including now 2008, what would then be the total sum of rent expense on all operating leases for fiscal in those three years, in millions?
| 93.4 | 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.
notes to consolidated financial statements 2014 ( continued ) note 14 2014commitments and contingencies leases we conduct a major part of our operations using leased facilities and equipment .many of these leases have renewal and purchase options and provide that we pay the cost of property taxes , insurance and maintenance .rent expense on all operating leases for fiscal 2010 , 2009 and 2008 was $ 32.8 million , $ 30.2 million , and $ 30.4 million , respectively .future minimum lease payments for all noncancelable leases at may 31 , 2010 were as follows : operating leases . | operating leases
2011 | $ 9856
2012 | 3803
2013 | 2538
2014 | 1580
2015 | 928
thereafter | 1428
total future minimum lease payments | $ 20133 we are party to a number of claims and lawsuits incidental to our business .in the opinion of management , the reasonably possible outcome of such matters , individually or in the aggregate , will not have a material adverse impact on our financial position , liquidity or results of operations .we define operating taxes as tax contingencies that are unrelated to income taxes , such as sales and property taxes .during the course of operations , we must interpret the meaning of various operating tax matters in the united states and in the foreign jurisdictions in which we do business .taxing authorities in those various jurisdictions may arrive at different interpretations of applicable tax laws and regulations as they relate to such operating tax matters , which could result in the payment of additional taxes in those jurisdictions .as of may 31 , 2010 and 2009 we did not have a liability for operating tax items .the amount of the liability is based on management 2019s best estimate given our history with similar matters and interpretations of current laws and regulations .bin/ica agreements in connection with our acquisition of merchant credit card operations of banks , we have entered into sponsorship or depository and processing agreements with certain of the banks .these agreements allow us to use the banks 2019 identification numbers , referred to as bank identification number for visa transactions and interbank card association number for mastercard transactions , to clear credit card transactions through visa and mastercard .certain of such agreements contain financial covenants , and we were in compliance with all such covenants as of may 31 , 2010 .on june 18 , 2010 , cibc provided notice that it will not renew its sponsorship with us for visa in canada after the initial ten year term .as a result , their canadian visa sponsorship will expire in march 2011 .we are .
Question: what was the total rent expense on all operating leases for fiscal in the years of 2010 and 2009, in millions?
Steps: add(32.8, 30.2)
Answer: 63.0
Question: and what was the rent expense on all operating leases for fiscal in the year of 2008, in millions?
Steps: Ask for number 30.4
Answer: 30.4
Question: including now 2008, what would then be the total sum of rent expense on all operating leases for fiscal in those three years, in millions?
| convfinqa2351 |
during fiscal 2013 , we entered into an asr with a financial institution to repurchase an aggregate of $ 125 million of our common stock .in exchange for an up-front payment of $ 125 million , the financial institution committed to deliver a number of shares during the asr 2019s purchase period , which ended on march 30 , 2013 .the total number of shares delivered under this asr was 2.5 million at an average price of $ 49.13 per share .during fiscal 2013 , in addition to shares repurchased under the asr , we repurchased and retired 1.1 million shares of our common stock at a cost of $ 50.3 million , or an average of $ 44.55 per share , including commissions .note 10 2014share-based awards and options non-qualified stock options and restricted stock have been granted to officers , key employees and directors under the global payments inc .2000 long-term incentive plan , as amended and restated ( the 201c2000 plan 201d ) , the global payments inc .amended and restated 2005 incentive plan ( the 201c2005 plan 201d ) , the amended and restated 2000 non-employee director stock option plan ( the 201cdirector stock option plan 201d ) , and the global payments inc .2011 incentive plan ( the 201c2011 plan 201d ) ( collectively , the 201cplans 201d ) .there were no further grants made under the 2000 plan after the 2005 plan was effective , and the director stock option plan expired by its terms on february 1 , 2011 .there will be no future grants under the 2000 plan , the 2005 plan or the director stock option the 2011 plan permits grants of equity to employees , officers , directors and consultants .a total of 7.0 million shares of our common stock was reserved and made available for issuance pursuant to awards granted under the 2011 plan .the following table summarizes share-based compensation expense and the related income tax benefit recognized for stock options , restricted stock , performance units , tsr units , and shares issued under our employee stock purchase plan ( each as described below ) .2015 2014 2013 ( in millions ) . | 2015 | 2014 ( in millions ) | 2013
share-based compensation expense | $ 21.1 | $ 29.8 | $ 18.4
income tax benefit | $ -6.9 ( 6.9 ) | $ -7.1 ( 7.1 ) | $ -5.6 ( 5.6 ) we grant various share-based awards pursuant to the plans under what we refer to as our 201clong-term incentive plan . 201d the awards are held in escrow and released upon the grantee 2019s satisfaction of conditions of the award certificate .restricted stock and restricted stock units we grant restricted stock and restricted stock units .restricted stock awards vest over a period of time , provided , however , that if the grantee is not employed by us on the vesting date , the shares are forfeited .restricted shares cannot be sold or transferred until they have vested .restricted stock granted before fiscal 2015 vests in equal installments on each of the first four anniversaries of the grant date .restricted stock granted during fiscal 2015 will either vest in equal installments on each of the first three anniversaries of the grant date or cliff vest at the end of a three-year service period .the grant date fair value of restricted stock , which is based on the quoted market value of our common stock at the closing of the award date , is recognized as share-based compensation expense on a straight-line basis over the vesting period .performance units certain of our executives have been granted up to three types of performance units under our long-term incentive plan .performance units are performance-based restricted stock units that , after a performance period , convert into common shares , which may be restricted .the number of shares is dependent upon the achievement of certain performance measures during the performance period .the target number of performance units and any market-based performance measures ( 201cat threshold , 201d 201ctarget , 201d and 201cmaximum 201d ) are set by the compensation committee of our board of directors .performance units are converted only after the compensation committee certifies performance based on pre-established goals .80 2013 global payments inc .| 2015 form 10-k annual report .
Question: what is total income tax benefit in 2014 and 2015?
| 14.0 | 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.
during fiscal 2013 , we entered into an asr with a financial institution to repurchase an aggregate of $ 125 million of our common stock .in exchange for an up-front payment of $ 125 million , the financial institution committed to deliver a number of shares during the asr 2019s purchase period , which ended on march 30 , 2013 .the total number of shares delivered under this asr was 2.5 million at an average price of $ 49.13 per share .during fiscal 2013 , in addition to shares repurchased under the asr , we repurchased and retired 1.1 million shares of our common stock at a cost of $ 50.3 million , or an average of $ 44.55 per share , including commissions .note 10 2014share-based awards and options non-qualified stock options and restricted stock have been granted to officers , key employees and directors under the global payments inc .2000 long-term incentive plan , as amended and restated ( the 201c2000 plan 201d ) , the global payments inc .amended and restated 2005 incentive plan ( the 201c2005 plan 201d ) , the amended and restated 2000 non-employee director stock option plan ( the 201cdirector stock option plan 201d ) , and the global payments inc .2011 incentive plan ( the 201c2011 plan 201d ) ( collectively , the 201cplans 201d ) .there were no further grants made under the 2000 plan after the 2005 plan was effective , and the director stock option plan expired by its terms on february 1 , 2011 .there will be no future grants under the 2000 plan , the 2005 plan or the director stock option the 2011 plan permits grants of equity to employees , officers , directors and consultants .a total of 7.0 million shares of our common stock was reserved and made available for issuance pursuant to awards granted under the 2011 plan .the following table summarizes share-based compensation expense and the related income tax benefit recognized for stock options , restricted stock , performance units , tsr units , and shares issued under our employee stock purchase plan ( each as described below ) .2015 2014 2013 ( in millions ) . | 2015 | 2014 ( in millions ) | 2013
share-based compensation expense | $ 21.1 | $ 29.8 | $ 18.4
income tax benefit | $ -6.9 ( 6.9 ) | $ -7.1 ( 7.1 ) | $ -5.6 ( 5.6 ) we grant various share-based awards pursuant to the plans under what we refer to as our 201clong-term incentive plan . 201d the awards are held in escrow and released upon the grantee 2019s satisfaction of conditions of the award certificate .restricted stock and restricted stock units we grant restricted stock and restricted stock units .restricted stock awards vest over a period of time , provided , however , that if the grantee is not employed by us on the vesting date , the shares are forfeited .restricted shares cannot be sold or transferred until they have vested .restricted stock granted before fiscal 2015 vests in equal installments on each of the first four anniversaries of the grant date .restricted stock granted during fiscal 2015 will either vest in equal installments on each of the first three anniversaries of the grant date or cliff vest at the end of a three-year service period .the grant date fair value of restricted stock , which is based on the quoted market value of our common stock at the closing of the award date , is recognized as share-based compensation expense on a straight-line basis over the vesting period .performance units certain of our executives have been granted up to three types of performance units under our long-term incentive plan .performance units are performance-based restricted stock units that , after a performance period , convert into common shares , which may be restricted .the number of shares is dependent upon the achievement of certain performance measures during the performance period .the target number of performance units and any market-based performance measures ( 201cat threshold , 201d 201ctarget , 201d and 201cmaximum 201d ) are set by the compensation committee of our board of directors .performance units are converted only after the compensation committee certifies performance based on pre-established goals .80 2013 global payments inc .| 2015 form 10-k annual report .
Question: what is total income tax benefit in 2014 and 2015?
| convfinqa2352 |
during fiscal 2013 , we entered into an asr with a financial institution to repurchase an aggregate of $ 125 million of our common stock .in exchange for an up-front payment of $ 125 million , the financial institution committed to deliver a number of shares during the asr 2019s purchase period , which ended on march 30 , 2013 .the total number of shares delivered under this asr was 2.5 million at an average price of $ 49.13 per share .during fiscal 2013 , in addition to shares repurchased under the asr , we repurchased and retired 1.1 million shares of our common stock at a cost of $ 50.3 million , or an average of $ 44.55 per share , including commissions .note 10 2014share-based awards and options non-qualified stock options and restricted stock have been granted to officers , key employees and directors under the global payments inc .2000 long-term incentive plan , as amended and restated ( the 201c2000 plan 201d ) , the global payments inc .amended and restated 2005 incentive plan ( the 201c2005 plan 201d ) , the amended and restated 2000 non-employee director stock option plan ( the 201cdirector stock option plan 201d ) , and the global payments inc .2011 incentive plan ( the 201c2011 plan 201d ) ( collectively , the 201cplans 201d ) .there were no further grants made under the 2000 plan after the 2005 plan was effective , and the director stock option plan expired by its terms on february 1 , 2011 .there will be no future grants under the 2000 plan , the 2005 plan or the director stock option the 2011 plan permits grants of equity to employees , officers , directors and consultants .a total of 7.0 million shares of our common stock was reserved and made available for issuance pursuant to awards granted under the 2011 plan .the following table summarizes share-based compensation expense and the related income tax benefit recognized for stock options , restricted stock , performance units , tsr units , and shares issued under our employee stock purchase plan ( each as described below ) .2015 2014 2013 ( in millions ) . | 2015 | 2014 ( in millions ) | 2013
share-based compensation expense | $ 21.1 | $ 29.8 | $ 18.4
income tax benefit | $ -6.9 ( 6.9 ) | $ -7.1 ( 7.1 ) | $ -5.6 ( 5.6 ) we grant various share-based awards pursuant to the plans under what we refer to as our 201clong-term incentive plan . 201d the awards are held in escrow and released upon the grantee 2019s satisfaction of conditions of the award certificate .restricted stock and restricted stock units we grant restricted stock and restricted stock units .restricted stock awards vest over a period of time , provided , however , that if the grantee is not employed by us on the vesting date , the shares are forfeited .restricted shares cannot be sold or transferred until they have vested .restricted stock granted before fiscal 2015 vests in equal installments on each of the first four anniversaries of the grant date .restricted stock granted during fiscal 2015 will either vest in equal installments on each of the first three anniversaries of the grant date or cliff vest at the end of a three-year service period .the grant date fair value of restricted stock , which is based on the quoted market value of our common stock at the closing of the award date , is recognized as share-based compensation expense on a straight-line basis over the vesting period .performance units certain of our executives have been granted up to three types of performance units under our long-term incentive plan .performance units are performance-based restricted stock units that , after a performance period , convert into common shares , which may be restricted .the number of shares is dependent upon the achievement of certain performance measures during the performance period .the target number of performance units and any market-based performance measures ( 201cat threshold , 201d 201ctarget , 201d and 201cmaximum 201d ) are set by the compensation committee of our board of directors .performance units are converted only after the compensation committee certifies performance based on pre-established goals .80 2013 global payments inc .| 2015 form 10-k annual report .
Question: what is total income tax benefit in 2014 and 2015?
Steps: add(6.9, 7.1)
Answer: 14.0
Question: what about in 2013?
| 5.6 | 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.
during fiscal 2013 , we entered into an asr with a financial institution to repurchase an aggregate of $ 125 million of our common stock .in exchange for an up-front payment of $ 125 million , the financial institution committed to deliver a number of shares during the asr 2019s purchase period , which ended on march 30 , 2013 .the total number of shares delivered under this asr was 2.5 million at an average price of $ 49.13 per share .during fiscal 2013 , in addition to shares repurchased under the asr , we repurchased and retired 1.1 million shares of our common stock at a cost of $ 50.3 million , or an average of $ 44.55 per share , including commissions .note 10 2014share-based awards and options non-qualified stock options and restricted stock have been granted to officers , key employees and directors under the global payments inc .2000 long-term incentive plan , as amended and restated ( the 201c2000 plan 201d ) , the global payments inc .amended and restated 2005 incentive plan ( the 201c2005 plan 201d ) , the amended and restated 2000 non-employee director stock option plan ( the 201cdirector stock option plan 201d ) , and the global payments inc .2011 incentive plan ( the 201c2011 plan 201d ) ( collectively , the 201cplans 201d ) .there were no further grants made under the 2000 plan after the 2005 plan was effective , and the director stock option plan expired by its terms on february 1 , 2011 .there will be no future grants under the 2000 plan , the 2005 plan or the director stock option the 2011 plan permits grants of equity to employees , officers , directors and consultants .a total of 7.0 million shares of our common stock was reserved and made available for issuance pursuant to awards granted under the 2011 plan .the following table summarizes share-based compensation expense and the related income tax benefit recognized for stock options , restricted stock , performance units , tsr units , and shares issued under our employee stock purchase plan ( each as described below ) .2015 2014 2013 ( in millions ) . | 2015 | 2014 ( in millions ) | 2013
share-based compensation expense | $ 21.1 | $ 29.8 | $ 18.4
income tax benefit | $ -6.9 ( 6.9 ) | $ -7.1 ( 7.1 ) | $ -5.6 ( 5.6 ) we grant various share-based awards pursuant to the plans under what we refer to as our 201clong-term incentive plan . 201d the awards are held in escrow and released upon the grantee 2019s satisfaction of conditions of the award certificate .restricted stock and restricted stock units we grant restricted stock and restricted stock units .restricted stock awards vest over a period of time , provided , however , that if the grantee is not employed by us on the vesting date , the shares are forfeited .restricted shares cannot be sold or transferred until they have vested .restricted stock granted before fiscal 2015 vests in equal installments on each of the first four anniversaries of the grant date .restricted stock granted during fiscal 2015 will either vest in equal installments on each of the first three anniversaries of the grant date or cliff vest at the end of a three-year service period .the grant date fair value of restricted stock , which is based on the quoted market value of our common stock at the closing of the award date , is recognized as share-based compensation expense on a straight-line basis over the vesting period .performance units certain of our executives have been granted up to three types of performance units under our long-term incentive plan .performance units are performance-based restricted stock units that , after a performance period , convert into common shares , which may be restricted .the number of shares is dependent upon the achievement of certain performance measures during the performance period .the target number of performance units and any market-based performance measures ( 201cat threshold , 201d 201ctarget , 201d and 201cmaximum 201d ) are set by the compensation committee of our board of directors .performance units are converted only after the compensation committee certifies performance based on pre-established goals .80 2013 global payments inc .| 2015 form 10-k annual report .
Question: what is total income tax benefit in 2014 and 2015?
Steps: add(6.9, 7.1)
Answer: 14.0
Question: what about in 2013?
| convfinqa2353 |
during fiscal 2013 , we entered into an asr with a financial institution to repurchase an aggregate of $ 125 million of our common stock .in exchange for an up-front payment of $ 125 million , the financial institution committed to deliver a number of shares during the asr 2019s purchase period , which ended on march 30 , 2013 .the total number of shares delivered under this asr was 2.5 million at an average price of $ 49.13 per share .during fiscal 2013 , in addition to shares repurchased under the asr , we repurchased and retired 1.1 million shares of our common stock at a cost of $ 50.3 million , or an average of $ 44.55 per share , including commissions .note 10 2014share-based awards and options non-qualified stock options and restricted stock have been granted to officers , key employees and directors under the global payments inc .2000 long-term incentive plan , as amended and restated ( the 201c2000 plan 201d ) , the global payments inc .amended and restated 2005 incentive plan ( the 201c2005 plan 201d ) , the amended and restated 2000 non-employee director stock option plan ( the 201cdirector stock option plan 201d ) , and the global payments inc .2011 incentive plan ( the 201c2011 plan 201d ) ( collectively , the 201cplans 201d ) .there were no further grants made under the 2000 plan after the 2005 plan was effective , and the director stock option plan expired by its terms on february 1 , 2011 .there will be no future grants under the 2000 plan , the 2005 plan or the director stock option the 2011 plan permits grants of equity to employees , officers , directors and consultants .a total of 7.0 million shares of our common stock was reserved and made available for issuance pursuant to awards granted under the 2011 plan .the following table summarizes share-based compensation expense and the related income tax benefit recognized for stock options , restricted stock , performance units , tsr units , and shares issued under our employee stock purchase plan ( each as described below ) .2015 2014 2013 ( in millions ) . | 2015 | 2014 ( in millions ) | 2013
share-based compensation expense | $ 21.1 | $ 29.8 | $ 18.4
income tax benefit | $ -6.9 ( 6.9 ) | $ -7.1 ( 7.1 ) | $ -5.6 ( 5.6 ) we grant various share-based awards pursuant to the plans under what we refer to as our 201clong-term incentive plan . 201d the awards are held in escrow and released upon the grantee 2019s satisfaction of conditions of the award certificate .restricted stock and restricted stock units we grant restricted stock and restricted stock units .restricted stock awards vest over a period of time , provided , however , that if the grantee is not employed by us on the vesting date , the shares are forfeited .restricted shares cannot be sold or transferred until they have vested .restricted stock granted before fiscal 2015 vests in equal installments on each of the first four anniversaries of the grant date .restricted stock granted during fiscal 2015 will either vest in equal installments on each of the first three anniversaries of the grant date or cliff vest at the end of a three-year service period .the grant date fair value of restricted stock , which is based on the quoted market value of our common stock at the closing of the award date , is recognized as share-based compensation expense on a straight-line basis over the vesting period .performance units certain of our executives have been granted up to three types of performance units under our long-term incentive plan .performance units are performance-based restricted stock units that , after a performance period , convert into common shares , which may be restricted .the number of shares is dependent upon the achievement of certain performance measures during the performance period .the target number of performance units and any market-based performance measures ( 201cat threshold , 201d 201ctarget , 201d and 201cmaximum 201d ) are set by the compensation committee of our board of directors .performance units are converted only after the compensation committee certifies performance based on pre-established goals .80 2013 global payments inc .| 2015 form 10-k annual report .
Question: what is total income tax benefit in 2014 and 2015?
Steps: add(6.9, 7.1)
Answer: 14.0
Question: what about in 2013?
Steps: Ask for number 5.6
Answer: 5.6
Question: what is the total for three years?
| 19.6 | 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.
during fiscal 2013 , we entered into an asr with a financial institution to repurchase an aggregate of $ 125 million of our common stock .in exchange for an up-front payment of $ 125 million , the financial institution committed to deliver a number of shares during the asr 2019s purchase period , which ended on march 30 , 2013 .the total number of shares delivered under this asr was 2.5 million at an average price of $ 49.13 per share .during fiscal 2013 , in addition to shares repurchased under the asr , we repurchased and retired 1.1 million shares of our common stock at a cost of $ 50.3 million , or an average of $ 44.55 per share , including commissions .note 10 2014share-based awards and options non-qualified stock options and restricted stock have been granted to officers , key employees and directors under the global payments inc .2000 long-term incentive plan , as amended and restated ( the 201c2000 plan 201d ) , the global payments inc .amended and restated 2005 incentive plan ( the 201c2005 plan 201d ) , the amended and restated 2000 non-employee director stock option plan ( the 201cdirector stock option plan 201d ) , and the global payments inc .2011 incentive plan ( the 201c2011 plan 201d ) ( collectively , the 201cplans 201d ) .there were no further grants made under the 2000 plan after the 2005 plan was effective , and the director stock option plan expired by its terms on february 1 , 2011 .there will be no future grants under the 2000 plan , the 2005 plan or the director stock option the 2011 plan permits grants of equity to employees , officers , directors and consultants .a total of 7.0 million shares of our common stock was reserved and made available for issuance pursuant to awards granted under the 2011 plan .the following table summarizes share-based compensation expense and the related income tax benefit recognized for stock options , restricted stock , performance units , tsr units , and shares issued under our employee stock purchase plan ( each as described below ) .2015 2014 2013 ( in millions ) . | 2015 | 2014 ( in millions ) | 2013
share-based compensation expense | $ 21.1 | $ 29.8 | $ 18.4
income tax benefit | $ -6.9 ( 6.9 ) | $ -7.1 ( 7.1 ) | $ -5.6 ( 5.6 ) we grant various share-based awards pursuant to the plans under what we refer to as our 201clong-term incentive plan . 201d the awards are held in escrow and released upon the grantee 2019s satisfaction of conditions of the award certificate .restricted stock and restricted stock units we grant restricted stock and restricted stock units .restricted stock awards vest over a period of time , provided , however , that if the grantee is not employed by us on the vesting date , the shares are forfeited .restricted shares cannot be sold or transferred until they have vested .restricted stock granted before fiscal 2015 vests in equal installments on each of the first four anniversaries of the grant date .restricted stock granted during fiscal 2015 will either vest in equal installments on each of the first three anniversaries of the grant date or cliff vest at the end of a three-year service period .the grant date fair value of restricted stock , which is based on the quoted market value of our common stock at the closing of the award date , is recognized as share-based compensation expense on a straight-line basis over the vesting period .performance units certain of our executives have been granted up to three types of performance units under our long-term incentive plan .performance units are performance-based restricted stock units that , after a performance period , convert into common shares , which may be restricted .the number of shares is dependent upon the achievement of certain performance measures during the performance period .the target number of performance units and any market-based performance measures ( 201cat threshold , 201d 201ctarget , 201d and 201cmaximum 201d ) are set by the compensation committee of our board of directors .performance units are converted only after the compensation committee certifies performance based on pre-established goals .80 2013 global payments inc .| 2015 form 10-k annual report .
Question: what is total income tax benefit in 2014 and 2015?
Steps: add(6.9, 7.1)
Answer: 14.0
Question: what about in 2013?
Steps: Ask for number 5.6
Answer: 5.6
Question: what is the total for three years?
| convfinqa2354 |
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) the following table illustrates the effect on net loss and net loss per share if the company had applied the fair value recognition provisions of sfas no .123 to stock-based compensation .the estimated fair value of each option is calculated using the black-scholes option-pricing model ( in thousands , except per share amounts ) : . | 2002 | 2001 | 2000
net loss as reported | $ -1141879 ( 1141879 ) | $ -450094 ( 450094 ) | $ -194628 ( 194628 )
less : total stock-based employee compensation expense determined under fair value basedmethod for all awards net of related tax effect | -38126 ( 38126 ) | -50540 ( 50540 ) | -51186 ( 51186 )
pro-forma net loss | $ -1180005 ( 1180005 ) | $ -500634 ( 500634 ) | $ -245814 ( 245814 )
basic and diluted net loss per share 2014as reported | $ -5.84 ( 5.84 ) | $ -2.35 ( 2.35 ) | $ -1.15 ( 1.15 )
basic and diluted net loss per share 2014pro-forma | $ -6.04 ( 6.04 ) | $ -2.61 ( 2.61 ) | $ -1.46 ( 1.46 ) fair value of financial instruments 2014as of december 31 , 2002 , the carrying amounts of the company 2019s 5.0% ( 5.0 % ) convertible notes , the 2.25% ( 2.25 % ) convertible notes , the 6.25% ( 6.25 % ) convertible notes and the senior notes were approximately $ 450.0 million , $ 210.9 million , $ 212.7 million and $ 1.0 billion , respectively , and the fair values of such notes were $ 291.4 million , $ 187.2 million , $ 144.4 million and $ 780.0 million , respectively .as of december 31 , 2001 , the carrying amount of the company 2019s 5.0% ( 5.0 % ) convertible notes , the 2.25% ( 2.25 % ) convertible notes , the 6.25% ( 6.25 % ) convertible notes and the senior notes were approximately $ 450.0 million , $ 204.1 million , $ 212.8 million and $ 1.0 billion , respectively , and the fair values of such notes were $ 268.3 million , $ 173.1 million , $ 158.2 million and $ 805.0 million , respectively .fair values were determined based on quoted market prices .the carrying values of all other financial instruments reasonably approximate the related fair values as of december 31 , 2002 and 2001 .retirement plan 2014the company has a 401 ( k ) plan covering substantially all employees who meet certain age and employment requirements .under the plan , the company matches 35% ( 35 % ) of participants 2019 contributions up to a maximum 5% ( 5 % ) of a participant 2019s compensation .the company contributed approximately $ 979000 , $ 1540000 and $ 1593000 to the plan for the years ended december 31 , 2002 , 2001 and 2000 , respectively .recent accounting pronouncements 2014in june 2001 , the fasb issued sfas no .143 , 201caccounting for asset retirement obligations . 201d this statement establishes accounting standards for the recognition and measurement of liabilities associated with the retirement of tangible long-lived assets and the related asset retirement costs .the requirements of sfas no .143 are effective for the company as of january 1 , 2003 .the company will adopt this statement in the first quarter of 2003 and does not expect the impact of adopting this statement to have a material impact on its consolidated financial position or results of operations .in august 2001 , the fasb issued sfas no .144 , 201caccounting for the impairment or disposal of long-lived assets . 201d sfas no .144 supersedes sfas no .121 , 201caccounting for the impairment of long-lived assets and for long-lived assets to be disposed of , 201d but retains many of its fundamental provisions .sfas no .144 also clarifies certain measurement and classification issues from sfas no .121 .in addition , sfas no .144 supersedes the accounting and reporting provisions for the disposal of a business segment as found in apb no .30 , 201creporting the results of operations 2014reporting the effects of disposal of a segment of a business and extraordinary , unusual and infrequently occurring events and transactions 201d .however , sfas no .144 retains the requirement in apb no .30 to separately report discontinued operations , and broadens the scope of such requirement to include more types of disposal transactions .the scope of sfas no .144 excludes goodwill and other intangible assets that are not to be amortized , as the accounting for such items is prescribed by sfas no .142 .the company implemented sfas no .144 on january 1 , 2002 .accordingly , all relevant impairment assessments and decisions concerning discontinued operations have been made under this standard in 2002. .
Question: what was the change in the net loss as reported from 2001 to 2002, based on the black-scholes option-pricing model?
| 691785.0 | 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 ) the following table illustrates the effect on net loss and net loss per share if the company had applied the fair value recognition provisions of sfas no .123 to stock-based compensation .the estimated fair value of each option is calculated using the black-scholes option-pricing model ( in thousands , except per share amounts ) : . | 2002 | 2001 | 2000
net loss as reported | $ -1141879 ( 1141879 ) | $ -450094 ( 450094 ) | $ -194628 ( 194628 )
less : total stock-based employee compensation expense determined under fair value basedmethod for all awards net of related tax effect | -38126 ( 38126 ) | -50540 ( 50540 ) | -51186 ( 51186 )
pro-forma net loss | $ -1180005 ( 1180005 ) | $ -500634 ( 500634 ) | $ -245814 ( 245814 )
basic and diluted net loss per share 2014as reported | $ -5.84 ( 5.84 ) | $ -2.35 ( 2.35 ) | $ -1.15 ( 1.15 )
basic and diluted net loss per share 2014pro-forma | $ -6.04 ( 6.04 ) | $ -2.61 ( 2.61 ) | $ -1.46 ( 1.46 ) fair value of financial instruments 2014as of december 31 , 2002 , the carrying amounts of the company 2019s 5.0% ( 5.0 % ) convertible notes , the 2.25% ( 2.25 % ) convertible notes , the 6.25% ( 6.25 % ) convertible notes and the senior notes were approximately $ 450.0 million , $ 210.9 million , $ 212.7 million and $ 1.0 billion , respectively , and the fair values of such notes were $ 291.4 million , $ 187.2 million , $ 144.4 million and $ 780.0 million , respectively .as of december 31 , 2001 , the carrying amount of the company 2019s 5.0% ( 5.0 % ) convertible notes , the 2.25% ( 2.25 % ) convertible notes , the 6.25% ( 6.25 % ) convertible notes and the senior notes were approximately $ 450.0 million , $ 204.1 million , $ 212.8 million and $ 1.0 billion , respectively , and the fair values of such notes were $ 268.3 million , $ 173.1 million , $ 158.2 million and $ 805.0 million , respectively .fair values were determined based on quoted market prices .the carrying values of all other financial instruments reasonably approximate the related fair values as of december 31 , 2002 and 2001 .retirement plan 2014the company has a 401 ( k ) plan covering substantially all employees who meet certain age and employment requirements .under the plan , the company matches 35% ( 35 % ) of participants 2019 contributions up to a maximum 5% ( 5 % ) of a participant 2019s compensation .the company contributed approximately $ 979000 , $ 1540000 and $ 1593000 to the plan for the years ended december 31 , 2002 , 2001 and 2000 , respectively .recent accounting pronouncements 2014in june 2001 , the fasb issued sfas no .143 , 201caccounting for asset retirement obligations . 201d this statement establishes accounting standards for the recognition and measurement of liabilities associated with the retirement of tangible long-lived assets and the related asset retirement costs .the requirements of sfas no .143 are effective for the company as of january 1 , 2003 .the company will adopt this statement in the first quarter of 2003 and does not expect the impact of adopting this statement to have a material impact on its consolidated financial position or results of operations .in august 2001 , the fasb issued sfas no .144 , 201caccounting for the impairment or disposal of long-lived assets . 201d sfas no .144 supersedes sfas no .121 , 201caccounting for the impairment of long-lived assets and for long-lived assets to be disposed of , 201d but retains many of its fundamental provisions .sfas no .144 also clarifies certain measurement and classification issues from sfas no .121 .in addition , sfas no .144 supersedes the accounting and reporting provisions for the disposal of a business segment as found in apb no .30 , 201creporting the results of operations 2014reporting the effects of disposal of a segment of a business and extraordinary , unusual and infrequently occurring events and transactions 201d .however , sfas no .144 retains the requirement in apb no .30 to separately report discontinued operations , and broadens the scope of such requirement to include more types of disposal transactions .the scope of sfas no .144 excludes goodwill and other intangible assets that are not to be amortized , as the accounting for such items is prescribed by sfas no .142 .the company implemented sfas no .144 on january 1 , 2002 .accordingly , all relevant impairment assessments and decisions concerning discontinued operations have been made under this standard in 2002. .
Question: what was the change in the net loss as reported from 2001 to 2002, based on the black-scholes option-pricing model?
| convfinqa2355 |
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) the following table illustrates the effect on net loss and net loss per share if the company had applied the fair value recognition provisions of sfas no .123 to stock-based compensation .the estimated fair value of each option is calculated using the black-scholes option-pricing model ( in thousands , except per share amounts ) : . | 2002 | 2001 | 2000
net loss as reported | $ -1141879 ( 1141879 ) | $ -450094 ( 450094 ) | $ -194628 ( 194628 )
less : total stock-based employee compensation expense determined under fair value basedmethod for all awards net of related tax effect | -38126 ( 38126 ) | -50540 ( 50540 ) | -51186 ( 51186 )
pro-forma net loss | $ -1180005 ( 1180005 ) | $ -500634 ( 500634 ) | $ -245814 ( 245814 )
basic and diluted net loss per share 2014as reported | $ -5.84 ( 5.84 ) | $ -2.35 ( 2.35 ) | $ -1.15 ( 1.15 )
basic and diluted net loss per share 2014pro-forma | $ -6.04 ( 6.04 ) | $ -2.61 ( 2.61 ) | $ -1.46 ( 1.46 ) fair value of financial instruments 2014as of december 31 , 2002 , the carrying amounts of the company 2019s 5.0% ( 5.0 % ) convertible notes , the 2.25% ( 2.25 % ) convertible notes , the 6.25% ( 6.25 % ) convertible notes and the senior notes were approximately $ 450.0 million , $ 210.9 million , $ 212.7 million and $ 1.0 billion , respectively , and the fair values of such notes were $ 291.4 million , $ 187.2 million , $ 144.4 million and $ 780.0 million , respectively .as of december 31 , 2001 , the carrying amount of the company 2019s 5.0% ( 5.0 % ) convertible notes , the 2.25% ( 2.25 % ) convertible notes , the 6.25% ( 6.25 % ) convertible notes and the senior notes were approximately $ 450.0 million , $ 204.1 million , $ 212.8 million and $ 1.0 billion , respectively , and the fair values of such notes were $ 268.3 million , $ 173.1 million , $ 158.2 million and $ 805.0 million , respectively .fair values were determined based on quoted market prices .the carrying values of all other financial instruments reasonably approximate the related fair values as of december 31 , 2002 and 2001 .retirement plan 2014the company has a 401 ( k ) plan covering substantially all employees who meet certain age and employment requirements .under the plan , the company matches 35% ( 35 % ) of participants 2019 contributions up to a maximum 5% ( 5 % ) of a participant 2019s compensation .the company contributed approximately $ 979000 , $ 1540000 and $ 1593000 to the plan for the years ended december 31 , 2002 , 2001 and 2000 , respectively .recent accounting pronouncements 2014in june 2001 , the fasb issued sfas no .143 , 201caccounting for asset retirement obligations . 201d this statement establishes accounting standards for the recognition and measurement of liabilities associated with the retirement of tangible long-lived assets and the related asset retirement costs .the requirements of sfas no .143 are effective for the company as of january 1 , 2003 .the company will adopt this statement in the first quarter of 2003 and does not expect the impact of adopting this statement to have a material impact on its consolidated financial position or results of operations .in august 2001 , the fasb issued sfas no .144 , 201caccounting for the impairment or disposal of long-lived assets . 201d sfas no .144 supersedes sfas no .121 , 201caccounting for the impairment of long-lived assets and for long-lived assets to be disposed of , 201d but retains many of its fundamental provisions .sfas no .144 also clarifies certain measurement and classification issues from sfas no .121 .in addition , sfas no .144 supersedes the accounting and reporting provisions for the disposal of a business segment as found in apb no .30 , 201creporting the results of operations 2014reporting the effects of disposal of a segment of a business and extraordinary , unusual and infrequently occurring events and transactions 201d .however , sfas no .144 retains the requirement in apb no .30 to separately report discontinued operations , and broadens the scope of such requirement to include more types of disposal transactions .the scope of sfas no .144 excludes goodwill and other intangible assets that are not to be amortized , as the accounting for such items is prescribed by sfas no .142 .the company implemented sfas no .144 on january 1 , 2002 .accordingly , all relevant impairment assessments and decisions concerning discontinued operations have been made under this standard in 2002. .
Question: what was the change in the net loss as reported from 2001 to 2002, based on the black-scholes option-pricing model?
Steps: subtract(1141879, 450094)
Answer: 691785.0
Question: and what was that net loss in 2001?
| 450094.0 | 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 ) the following table illustrates the effect on net loss and net loss per share if the company had applied the fair value recognition provisions of sfas no .123 to stock-based compensation .the estimated fair value of each option is calculated using the black-scholes option-pricing model ( in thousands , except per share amounts ) : . | 2002 | 2001 | 2000
net loss as reported | $ -1141879 ( 1141879 ) | $ -450094 ( 450094 ) | $ -194628 ( 194628 )
less : total stock-based employee compensation expense determined under fair value basedmethod for all awards net of related tax effect | -38126 ( 38126 ) | -50540 ( 50540 ) | -51186 ( 51186 )
pro-forma net loss | $ -1180005 ( 1180005 ) | $ -500634 ( 500634 ) | $ -245814 ( 245814 )
basic and diluted net loss per share 2014as reported | $ -5.84 ( 5.84 ) | $ -2.35 ( 2.35 ) | $ -1.15 ( 1.15 )
basic and diluted net loss per share 2014pro-forma | $ -6.04 ( 6.04 ) | $ -2.61 ( 2.61 ) | $ -1.46 ( 1.46 ) fair value of financial instruments 2014as of december 31 , 2002 , the carrying amounts of the company 2019s 5.0% ( 5.0 % ) convertible notes , the 2.25% ( 2.25 % ) convertible notes , the 6.25% ( 6.25 % ) convertible notes and the senior notes were approximately $ 450.0 million , $ 210.9 million , $ 212.7 million and $ 1.0 billion , respectively , and the fair values of such notes were $ 291.4 million , $ 187.2 million , $ 144.4 million and $ 780.0 million , respectively .as of december 31 , 2001 , the carrying amount of the company 2019s 5.0% ( 5.0 % ) convertible notes , the 2.25% ( 2.25 % ) convertible notes , the 6.25% ( 6.25 % ) convertible notes and the senior notes were approximately $ 450.0 million , $ 204.1 million , $ 212.8 million and $ 1.0 billion , respectively , and the fair values of such notes were $ 268.3 million , $ 173.1 million , $ 158.2 million and $ 805.0 million , respectively .fair values were determined based on quoted market prices .the carrying values of all other financial instruments reasonably approximate the related fair values as of december 31 , 2002 and 2001 .retirement plan 2014the company has a 401 ( k ) plan covering substantially all employees who meet certain age and employment requirements .under the plan , the company matches 35% ( 35 % ) of participants 2019 contributions up to a maximum 5% ( 5 % ) of a participant 2019s compensation .the company contributed approximately $ 979000 , $ 1540000 and $ 1593000 to the plan for the years ended december 31 , 2002 , 2001 and 2000 , respectively .recent accounting pronouncements 2014in june 2001 , the fasb issued sfas no .143 , 201caccounting for asset retirement obligations . 201d this statement establishes accounting standards for the recognition and measurement of liabilities associated with the retirement of tangible long-lived assets and the related asset retirement costs .the requirements of sfas no .143 are effective for the company as of january 1 , 2003 .the company will adopt this statement in the first quarter of 2003 and does not expect the impact of adopting this statement to have a material impact on its consolidated financial position or results of operations .in august 2001 , the fasb issued sfas no .144 , 201caccounting for the impairment or disposal of long-lived assets . 201d sfas no .144 supersedes sfas no .121 , 201caccounting for the impairment of long-lived assets and for long-lived assets to be disposed of , 201d but retains many of its fundamental provisions .sfas no .144 also clarifies certain measurement and classification issues from sfas no .121 .in addition , sfas no .144 supersedes the accounting and reporting provisions for the disposal of a business segment as found in apb no .30 , 201creporting the results of operations 2014reporting the effects of disposal of a segment of a business and extraordinary , unusual and infrequently occurring events and transactions 201d .however , sfas no .144 retains the requirement in apb no .30 to separately report discontinued operations , and broadens the scope of such requirement to include more types of disposal transactions .the scope of sfas no .144 excludes goodwill and other intangible assets that are not to be amortized , as the accounting for such items is prescribed by sfas no .142 .the company implemented sfas no .144 on january 1 , 2002 .accordingly , all relevant impairment assessments and decisions concerning discontinued operations have been made under this standard in 2002. .
Question: what was the change in the net loss as reported from 2001 to 2002, based on the black-scholes option-pricing model?
Steps: subtract(1141879, 450094)
Answer: 691785.0
Question: and what was that net loss in 2001?
| convfinqa2356 |
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) the following table illustrates the effect on net loss and net loss per share if the company had applied the fair value recognition provisions of sfas no .123 to stock-based compensation .the estimated fair value of each option is calculated using the black-scholes option-pricing model ( in thousands , except per share amounts ) : . | 2002 | 2001 | 2000
net loss as reported | $ -1141879 ( 1141879 ) | $ -450094 ( 450094 ) | $ -194628 ( 194628 )
less : total stock-based employee compensation expense determined under fair value basedmethod for all awards net of related tax effect | -38126 ( 38126 ) | -50540 ( 50540 ) | -51186 ( 51186 )
pro-forma net loss | $ -1180005 ( 1180005 ) | $ -500634 ( 500634 ) | $ -245814 ( 245814 )
basic and diluted net loss per share 2014as reported | $ -5.84 ( 5.84 ) | $ -2.35 ( 2.35 ) | $ -1.15 ( 1.15 )
basic and diluted net loss per share 2014pro-forma | $ -6.04 ( 6.04 ) | $ -2.61 ( 2.61 ) | $ -1.46 ( 1.46 ) fair value of financial instruments 2014as of december 31 , 2002 , the carrying amounts of the company 2019s 5.0% ( 5.0 % ) convertible notes , the 2.25% ( 2.25 % ) convertible notes , the 6.25% ( 6.25 % ) convertible notes and the senior notes were approximately $ 450.0 million , $ 210.9 million , $ 212.7 million and $ 1.0 billion , respectively , and the fair values of such notes were $ 291.4 million , $ 187.2 million , $ 144.4 million and $ 780.0 million , respectively .as of december 31 , 2001 , the carrying amount of the company 2019s 5.0% ( 5.0 % ) convertible notes , the 2.25% ( 2.25 % ) convertible notes , the 6.25% ( 6.25 % ) convertible notes and the senior notes were approximately $ 450.0 million , $ 204.1 million , $ 212.8 million and $ 1.0 billion , respectively , and the fair values of such notes were $ 268.3 million , $ 173.1 million , $ 158.2 million and $ 805.0 million , respectively .fair values were determined based on quoted market prices .the carrying values of all other financial instruments reasonably approximate the related fair values as of december 31 , 2002 and 2001 .retirement plan 2014the company has a 401 ( k ) plan covering substantially all employees who meet certain age and employment requirements .under the plan , the company matches 35% ( 35 % ) of participants 2019 contributions up to a maximum 5% ( 5 % ) of a participant 2019s compensation .the company contributed approximately $ 979000 , $ 1540000 and $ 1593000 to the plan for the years ended december 31 , 2002 , 2001 and 2000 , respectively .recent accounting pronouncements 2014in june 2001 , the fasb issued sfas no .143 , 201caccounting for asset retirement obligations . 201d this statement establishes accounting standards for the recognition and measurement of liabilities associated with the retirement of tangible long-lived assets and the related asset retirement costs .the requirements of sfas no .143 are effective for the company as of january 1 , 2003 .the company will adopt this statement in the first quarter of 2003 and does not expect the impact of adopting this statement to have a material impact on its consolidated financial position or results of operations .in august 2001 , the fasb issued sfas no .144 , 201caccounting for the impairment or disposal of long-lived assets . 201d sfas no .144 supersedes sfas no .121 , 201caccounting for the impairment of long-lived assets and for long-lived assets to be disposed of , 201d but retains many of its fundamental provisions .sfas no .144 also clarifies certain measurement and classification issues from sfas no .121 .in addition , sfas no .144 supersedes the accounting and reporting provisions for the disposal of a business segment as found in apb no .30 , 201creporting the results of operations 2014reporting the effects of disposal of a segment of a business and extraordinary , unusual and infrequently occurring events and transactions 201d .however , sfas no .144 retains the requirement in apb no .30 to separately report discontinued operations , and broadens the scope of such requirement to include more types of disposal transactions .the scope of sfas no .144 excludes goodwill and other intangible assets that are not to be amortized , as the accounting for such items is prescribed by sfas no .142 .the company implemented sfas no .144 on january 1 , 2002 .accordingly , all relevant impairment assessments and decisions concerning discontinued operations have been made under this standard in 2002. .
Question: what was the change in the net loss as reported from 2001 to 2002, based on the black-scholes option-pricing model?
Steps: subtract(1141879, 450094)
Answer: 691785.0
Question: and what was that net loss in 2001?
Steps: Ask for number 450094
Answer: 450094.0
Question: how much, then, does that change represent in relation to this 2001 net loss, in percentage?
| 1.53698 | Read the following texts and table with financial data from an S&P 500 earnings report 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 ) the following table illustrates the effect on net loss and net loss per share if the company had applied the fair value recognition provisions of sfas no .123 to stock-based compensation .the estimated fair value of each option is calculated using the black-scholes option-pricing model ( in thousands , except per share amounts ) : . | 2002 | 2001 | 2000
net loss as reported | $ -1141879 ( 1141879 ) | $ -450094 ( 450094 ) | $ -194628 ( 194628 )
less : total stock-based employee compensation expense determined under fair value basedmethod for all awards net of related tax effect | -38126 ( 38126 ) | -50540 ( 50540 ) | -51186 ( 51186 )
pro-forma net loss | $ -1180005 ( 1180005 ) | $ -500634 ( 500634 ) | $ -245814 ( 245814 )
basic and diluted net loss per share 2014as reported | $ -5.84 ( 5.84 ) | $ -2.35 ( 2.35 ) | $ -1.15 ( 1.15 )
basic and diluted net loss per share 2014pro-forma | $ -6.04 ( 6.04 ) | $ -2.61 ( 2.61 ) | $ -1.46 ( 1.46 ) fair value of financial instruments 2014as of december 31 , 2002 , the carrying amounts of the company 2019s 5.0% ( 5.0 % ) convertible notes , the 2.25% ( 2.25 % ) convertible notes , the 6.25% ( 6.25 % ) convertible notes and the senior notes were approximately $ 450.0 million , $ 210.9 million , $ 212.7 million and $ 1.0 billion , respectively , and the fair values of such notes were $ 291.4 million , $ 187.2 million , $ 144.4 million and $ 780.0 million , respectively .as of december 31 , 2001 , the carrying amount of the company 2019s 5.0% ( 5.0 % ) convertible notes , the 2.25% ( 2.25 % ) convertible notes , the 6.25% ( 6.25 % ) convertible notes and the senior notes were approximately $ 450.0 million , $ 204.1 million , $ 212.8 million and $ 1.0 billion , respectively , and the fair values of such notes were $ 268.3 million , $ 173.1 million , $ 158.2 million and $ 805.0 million , respectively .fair values were determined based on quoted market prices .the carrying values of all other financial instruments reasonably approximate the related fair values as of december 31 , 2002 and 2001 .retirement plan 2014the company has a 401 ( k ) plan covering substantially all employees who meet certain age and employment requirements .under the plan , the company matches 35% ( 35 % ) of participants 2019 contributions up to a maximum 5% ( 5 % ) of a participant 2019s compensation .the company contributed approximately $ 979000 , $ 1540000 and $ 1593000 to the plan for the years ended december 31 , 2002 , 2001 and 2000 , respectively .recent accounting pronouncements 2014in june 2001 , the fasb issued sfas no .143 , 201caccounting for asset retirement obligations . 201d this statement establishes accounting standards for the recognition and measurement of liabilities associated with the retirement of tangible long-lived assets and the related asset retirement costs .the requirements of sfas no .143 are effective for the company as of january 1 , 2003 .the company will adopt this statement in the first quarter of 2003 and does not expect the impact of adopting this statement to have a material impact on its consolidated financial position or results of operations .in august 2001 , the fasb issued sfas no .144 , 201caccounting for the impairment or disposal of long-lived assets . 201d sfas no .144 supersedes sfas no .121 , 201caccounting for the impairment of long-lived assets and for long-lived assets to be disposed of , 201d but retains many of its fundamental provisions .sfas no .144 also clarifies certain measurement and classification issues from sfas no .121 .in addition , sfas no .144 supersedes the accounting and reporting provisions for the disposal of a business segment as found in apb no .30 , 201creporting the results of operations 2014reporting the effects of disposal of a segment of a business and extraordinary , unusual and infrequently occurring events and transactions 201d .however , sfas no .144 retains the requirement in apb no .30 to separately report discontinued operations , and broadens the scope of such requirement to include more types of disposal transactions .the scope of sfas no .144 excludes goodwill and other intangible assets that are not to be amortized , as the accounting for such items is prescribed by sfas no .142 .the company implemented sfas no .144 on january 1 , 2002 .accordingly , all relevant impairment assessments and decisions concerning discontinued operations have been made under this standard in 2002. .
Question: what was the change in the net loss as reported from 2001 to 2002, based on the black-scholes option-pricing model?
Steps: subtract(1141879, 450094)
Answer: 691785.0
Question: and what was that net loss in 2001?
Steps: Ask for number 450094
Answer: 450094.0
Question: how much, then, does that change represent in relation to this 2001 net loss, in percentage?
| convfinqa2357 |
note 11 .commitments and contingencies commitments leases the company fffds corporate headquarters is located in danvers , massachusetts .this facility encompasses most of the company fffds u.s .operations , including research and development , manufacturing , sales and marketing and general and administrative departments .in october 2017 , the acquired its corporate headquarters for approximately $ 16.5 million and terminated its existing lease arrangement ( see note 6 ) .future minimum lease payments under non-cancelable leases as of march 31 , 2018 are approximately as follows : fiscal years ending march 31 , operating leases ( in $ 000s ) . fiscal years ending march 31, | operating leases ( in $ 000s )
2019 | $ 2078
2020 | 1888
2021 | 1901
2022 | 1408
2023 | 891
thereafter | 1923
total minimum lease payments | $ 10089 in february 2017 , the company entered into a lease agreement for an additional 21603 square feet of office space in danvers , massachusetts which expires on july 31 , 2022 .in december 2017 , the company entered into an amendment to this lease to extend the term through august 31 , 2025 and to add an additional 6607 square feet of space in which rent would begin around june 1 , 2018 .the amendment also allows the company a right of first offer to purchase the property from january 1 , 2018 through august 31 , 2035 , if the lessor decides to sell the building or receives an offer to purchase the building from a third-party buyer .in march 2018 , the company entered into an amendment to the lease to add an additional 11269 square feet of space for which rent will begin on or around june 1 , 2018 through august 31 , 2025 .the annual rent expense for this lease agreement is estimated to be $ 0.4 million .in september 2016 , the company entered into a lease agreement in berlin , germany which commenced in may 2017 and expires in may 2024 .the annual rent expense for the lease is estimated to be $ 0.3 million .in october 2016 , the company entered into a lease agreement for an office in tokyokk japan and expires in september 2021 .the office houses administrative , regulatory , and training personnel in connection with the company fffds commercial launch in japan .the annual rent expense for the lease is estimated to be $ 0.9 million .license agreements in april 2014 , the company entered into an exclusive license agreement for the rights to certain optical sensor technologies in the field of cardio-circulatory assist devices .pursuant to the terms of the license agreement , the company agreed to make potential payments of $ 6.0 million .through march 31 , 2018 , the company has made $ 3.5 million in milestones payments which included a $ 1.5 million upfront payment upon the execution of the agreement .any potential future milestone payment amounts have not been included in the contractual obligations table above due to the uncertainty related to the successful achievement of these milestones .contingencies from time to time , the company is involved in legal and administrative proceedings and claims of various types .in some actions , the claimants seek damages , as well as other relief , which , if granted , would require significant expenditures .the company records a liability in its consolidated financial statements for these matters when a loss is known or considered probable and the amount can be reasonably estimated .the company reviews these estimates each accounting period as additional information is known and adjusts the loss provision when appropriate .if a matter is both probable to result in liability and the amount of loss can be reasonably estimated , the company estimates and discloses the possible loss or range of loss .if the loss is not probable or cannot be reasonably estimated , a liability is not recorded in its consolidated financial statements. .
Question: what is the net change in operating leases from 2019 to 2020?
| -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.
note 11 .commitments and contingencies commitments leases the company fffds corporate headquarters is located in danvers , massachusetts .this facility encompasses most of the company fffds u.s .operations , including research and development , manufacturing , sales and marketing and general and administrative departments .in october 2017 , the acquired its corporate headquarters for approximately $ 16.5 million and terminated its existing lease arrangement ( see note 6 ) .future minimum lease payments under non-cancelable leases as of march 31 , 2018 are approximately as follows : fiscal years ending march 31 , operating leases ( in $ 000s ) . fiscal years ending march 31, | operating leases ( in $ 000s )
2019 | $ 2078
2020 | 1888
2021 | 1901
2022 | 1408
2023 | 891
thereafter | 1923
total minimum lease payments | $ 10089 in february 2017 , the company entered into a lease agreement for an additional 21603 square feet of office space in danvers , massachusetts which expires on july 31 , 2022 .in december 2017 , the company entered into an amendment to this lease to extend the term through august 31 , 2025 and to add an additional 6607 square feet of space in which rent would begin around june 1 , 2018 .the amendment also allows the company a right of first offer to purchase the property from january 1 , 2018 through august 31 , 2035 , if the lessor decides to sell the building or receives an offer to purchase the building from a third-party buyer .in march 2018 , the company entered into an amendment to the lease to add an additional 11269 square feet of space for which rent will begin on or around june 1 , 2018 through august 31 , 2025 .the annual rent expense for this lease agreement is estimated to be $ 0.4 million .in september 2016 , the company entered into a lease agreement in berlin , germany which commenced in may 2017 and expires in may 2024 .the annual rent expense for the lease is estimated to be $ 0.3 million .in october 2016 , the company entered into a lease agreement for an office in tokyokk japan and expires in september 2021 .the office houses administrative , regulatory , and training personnel in connection with the company fffds commercial launch in japan .the annual rent expense for the lease is estimated to be $ 0.9 million .license agreements in april 2014 , the company entered into an exclusive license agreement for the rights to certain optical sensor technologies in the field of cardio-circulatory assist devices .pursuant to the terms of the license agreement , the company agreed to make potential payments of $ 6.0 million .through march 31 , 2018 , the company has made $ 3.5 million in milestones payments which included a $ 1.5 million upfront payment upon the execution of the agreement .any potential future milestone payment amounts have not been included in the contractual obligations table above due to the uncertainty related to the successful achievement of these milestones .contingencies from time to time , the company is involved in legal and administrative proceedings and claims of various types .in some actions , the claimants seek damages , as well as other relief , which , if granted , would require significant expenditures .the company records a liability in its consolidated financial statements for these matters when a loss is known or considered probable and the amount can be reasonably estimated .the company reviews these estimates each accounting period as additional information is known and adjusts the loss provision when appropriate .if a matter is both probable to result in liability and the amount of loss can be reasonably estimated , the company estimates and discloses the possible loss or range of loss .if the loss is not probable or cannot be reasonably estimated , a liability is not recorded in its consolidated financial statements. .
Question: what is the net change in operating leases from 2019 to 2020?
| convfinqa2358 |
note 11 .commitments and contingencies commitments leases the company fffds corporate headquarters is located in danvers , massachusetts .this facility encompasses most of the company fffds u.s .operations , including research and development , manufacturing , sales and marketing and general and administrative departments .in october 2017 , the acquired its corporate headquarters for approximately $ 16.5 million and terminated its existing lease arrangement ( see note 6 ) .future minimum lease payments under non-cancelable leases as of march 31 , 2018 are approximately as follows : fiscal years ending march 31 , operating leases ( in $ 000s ) . fiscal years ending march 31, | operating leases ( in $ 000s )
2019 | $ 2078
2020 | 1888
2021 | 1901
2022 | 1408
2023 | 891
thereafter | 1923
total minimum lease payments | $ 10089 in february 2017 , the company entered into a lease agreement for an additional 21603 square feet of office space in danvers , massachusetts which expires on july 31 , 2022 .in december 2017 , the company entered into an amendment to this lease to extend the term through august 31 , 2025 and to add an additional 6607 square feet of space in which rent would begin around june 1 , 2018 .the amendment also allows the company a right of first offer to purchase the property from january 1 , 2018 through august 31 , 2035 , if the lessor decides to sell the building or receives an offer to purchase the building from a third-party buyer .in march 2018 , the company entered into an amendment to the lease to add an additional 11269 square feet of space for which rent will begin on or around june 1 , 2018 through august 31 , 2025 .the annual rent expense for this lease agreement is estimated to be $ 0.4 million .in september 2016 , the company entered into a lease agreement in berlin , germany which commenced in may 2017 and expires in may 2024 .the annual rent expense for the lease is estimated to be $ 0.3 million .in october 2016 , the company entered into a lease agreement for an office in tokyokk japan and expires in september 2021 .the office houses administrative , regulatory , and training personnel in connection with the company fffds commercial launch in japan .the annual rent expense for the lease is estimated to be $ 0.9 million .license agreements in april 2014 , the company entered into an exclusive license agreement for the rights to certain optical sensor technologies in the field of cardio-circulatory assist devices .pursuant to the terms of the license agreement , the company agreed to make potential payments of $ 6.0 million .through march 31 , 2018 , the company has made $ 3.5 million in milestones payments which included a $ 1.5 million upfront payment upon the execution of the agreement .any potential future milestone payment amounts have not been included in the contractual obligations table above due to the uncertainty related to the successful achievement of these milestones .contingencies from time to time , the company is involved in legal and administrative proceedings and claims of various types .in some actions , the claimants seek damages , as well as other relief , which , if granted , would require significant expenditures .the company records a liability in its consolidated financial statements for these matters when a loss is known or considered probable and the amount can be reasonably estimated .the company reviews these estimates each accounting period as additional information is known and adjusts the loss provision when appropriate .if a matter is both probable to result in liability and the amount of loss can be reasonably estimated , the company estimates and discloses the possible loss or range of loss .if the loss is not probable or cannot be reasonably estimated , a liability is not recorded in its consolidated financial statements. .
Question: what is the net change in operating leases from 2019 to 2020?
Steps: subtract(1888, 2078)
Answer: -190.0
Question: what is the percent change?
| -0.09143 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
note 11 .commitments and contingencies commitments leases the company fffds corporate headquarters is located in danvers , massachusetts .this facility encompasses most of the company fffds u.s .operations , including research and development , manufacturing , sales and marketing and general and administrative departments .in october 2017 , the acquired its corporate headquarters for approximately $ 16.5 million and terminated its existing lease arrangement ( see note 6 ) .future minimum lease payments under non-cancelable leases as of march 31 , 2018 are approximately as follows : fiscal years ending march 31 , operating leases ( in $ 000s ) . fiscal years ending march 31, | operating leases ( in $ 000s )
2019 | $ 2078
2020 | 1888
2021 | 1901
2022 | 1408
2023 | 891
thereafter | 1923
total minimum lease payments | $ 10089 in february 2017 , the company entered into a lease agreement for an additional 21603 square feet of office space in danvers , massachusetts which expires on july 31 , 2022 .in december 2017 , the company entered into an amendment to this lease to extend the term through august 31 , 2025 and to add an additional 6607 square feet of space in which rent would begin around june 1 , 2018 .the amendment also allows the company a right of first offer to purchase the property from january 1 , 2018 through august 31 , 2035 , if the lessor decides to sell the building or receives an offer to purchase the building from a third-party buyer .in march 2018 , the company entered into an amendment to the lease to add an additional 11269 square feet of space for which rent will begin on or around june 1 , 2018 through august 31 , 2025 .the annual rent expense for this lease agreement is estimated to be $ 0.4 million .in september 2016 , the company entered into a lease agreement in berlin , germany which commenced in may 2017 and expires in may 2024 .the annual rent expense for the lease is estimated to be $ 0.3 million .in october 2016 , the company entered into a lease agreement for an office in tokyokk japan and expires in september 2021 .the office houses administrative , regulatory , and training personnel in connection with the company fffds commercial launch in japan .the annual rent expense for the lease is estimated to be $ 0.9 million .license agreements in april 2014 , the company entered into an exclusive license agreement for the rights to certain optical sensor technologies in the field of cardio-circulatory assist devices .pursuant to the terms of the license agreement , the company agreed to make potential payments of $ 6.0 million .through march 31 , 2018 , the company has made $ 3.5 million in milestones payments which included a $ 1.5 million upfront payment upon the execution of the agreement .any potential future milestone payment amounts have not been included in the contractual obligations table above due to the uncertainty related to the successful achievement of these milestones .contingencies from time to time , the company is involved in legal and administrative proceedings and claims of various types .in some actions , the claimants seek damages , as well as other relief , which , if granted , would require significant expenditures .the company records a liability in its consolidated financial statements for these matters when a loss is known or considered probable and the amount can be reasonably estimated .the company reviews these estimates each accounting period as additional information is known and adjusts the loss provision when appropriate .if a matter is both probable to result in liability and the amount of loss can be reasonably estimated , the company estimates and discloses the possible loss or range of loss .if the loss is not probable or cannot be reasonably estimated , a liability is not recorded in its consolidated financial statements. .
Question: what is the net change in operating leases from 2019 to 2020?
Steps: subtract(1888, 2078)
Answer: -190.0
Question: what is the percent change?
| convfinqa2359 |
at december 31 , 2014 , total future minimum commitments under existing non-cancelable operating leases and purchase obligations were as follows: . in millions | 2015 | 2016 | 2017 | 2018 | 2019 | thereafter
lease obligations | $ 142 | $ 106 | $ 84 | $ 63 | $ 45 | $ 91
purchase obligations ( a ) | 3266 | 761 | 583 | 463 | 422 | 1690
total | $ 3408 | $ 867 | $ 667 | $ 526 | $ 467 | $ 1781 ( a ) includes $ 2.3 billion relating to fiber supply agreements entered into at the time of the company 2019s 2006 transformation plan forestland sales and in conjunction with the 2008 acquisition of weyerhaeuser company 2019s containerboard , packaging and recycling business .rent expense was $ 154 million , $ 168 million and $ 185 million for 2014 , 2013 and 2012 , respectively .guarantees in connection with sales of businesses , property , equipment , forestlands and other assets , international paper commonly makes representations and warranties relating to such businesses or assets , and may agree to indemnify buyers with respect to tax and environmental liabilities , breaches of representations and warranties , and other matters .where liabilities for such matters are determined to be probable and subject to reasonable estimation , accrued liabilities are recorded at the time of sale as a cost of the transaction .environmental proceedings cercla and state actions international paper has been named as a potentially responsible party in environmental remediation actions under various federal and state laws , including the comprehensive environmental response , compensation and liability act ( cercla ) .many of these proceedings involve the cleanup of hazardous substances at large commercial landfills that received waste from many different sources .while joint and several liability is authorized under cercla and equivalent state laws , as a practical matter , liability for cercla cleanups is typically allocated among the many potential responsible parties .remedial costs are recorded in the consolidated financial statements when they become probable and reasonably estimable .international paper has estimated the probable liability associated with these matters to be approximately $ 95 million in the aggregate as of december 31 , 2014 .cass lake : one of the matters referenced above is a closed wood treating facility located in cass lake , minnesota .during 2009 , in connection with an environmental site remediation action under cercla , international paper submitted to the epa a remediation feasibility study .in june 2011 , the epa selected and published a proposed soil remedy at the site with an estimated cost of $ 46 million .the overall remediation reserve for the site is currently $ 50 million to address the selection of an alternative for the soil remediation component of the overall site remedy .in october 2011 , the epa released a public statement indicating that the final soil remedy decision would be delayed .in the unlikely event that the epa changes its proposed soil remedy and approves instead a more expensive clean- up alternative , the remediation costs could be material , and significantly higher than amounts currently recorded .in october 2012 , the natural resource trustees for this site provided notice to international paper and other potentially responsible parties of their intent to perform a natural resource damage assessment .it is premature to predict the outcome of the assessment or to estimate a loss or range of loss , if any , which may be incurred .other remediation costs in addition to the above matters , other remediation costs typically associated with the cleanup of hazardous substances at the company 2019s current , closed or formerly-owned facilities , and recorded as liabilities in the balance sheet , totaled approximately $ 41 million as of december 31 , 2014 .other than as described above , completion of required remedial actions is not expected to have a material effect on our consolidated financial statements .legal proceedings environmental kalamazoo river : the company is a potentially responsible party with respect to the allied paper , inc./ portage creek/kalamazoo river superfund site ( kalamazoo river superfund site ) in michigan .the epa asserts that the site is contaminated primarily by pcbs as a result of discharges from various paper mills located along the kalamazoo river , including a paper mill formerly owned by st .regis paper company ( st .regis ) .the company is a successor in interest to st .regis .although the company has not received any orders from the epa , in december 2014 , the epa sent the company a letter demanding payment of $ 19 million to reimburse the epa for costs associated with a time critical removal action of pcb contaminated sediments from a portion of the site .the company 2019s cercla liability has not been finally determined with respect to this or any other portion of the site and we have declined to reimburse the epa at this time .as noted below , the company is involved in allocation/ apportionment litigation with regard to the site .accordingly , it is premature to estimate a loss or range of loss with respect to this site .the company was named as a defendant by georgia- pacific consumer products lp , fort james corporation and georgia pacific llc in a contribution and cost recovery action for alleged pollution at the site .the suit .
Question: what was the rent expense in 2014?
| 154.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
at december 31 , 2014 , total future minimum commitments under existing non-cancelable operating leases and purchase obligations were as follows: . in millions | 2015 | 2016 | 2017 | 2018 | 2019 | thereafter
lease obligations | $ 142 | $ 106 | $ 84 | $ 63 | $ 45 | $ 91
purchase obligations ( a ) | 3266 | 761 | 583 | 463 | 422 | 1690
total | $ 3408 | $ 867 | $ 667 | $ 526 | $ 467 | $ 1781 ( a ) includes $ 2.3 billion relating to fiber supply agreements entered into at the time of the company 2019s 2006 transformation plan forestland sales and in conjunction with the 2008 acquisition of weyerhaeuser company 2019s containerboard , packaging and recycling business .rent expense was $ 154 million , $ 168 million and $ 185 million for 2014 , 2013 and 2012 , respectively .guarantees in connection with sales of businesses , property , equipment , forestlands and other assets , international paper commonly makes representations and warranties relating to such businesses or assets , and may agree to indemnify buyers with respect to tax and environmental liabilities , breaches of representations and warranties , and other matters .where liabilities for such matters are determined to be probable and subject to reasonable estimation , accrued liabilities are recorded at the time of sale as a cost of the transaction .environmental proceedings cercla and state actions international paper has been named as a potentially responsible party in environmental remediation actions under various federal and state laws , including the comprehensive environmental response , compensation and liability act ( cercla ) .many of these proceedings involve the cleanup of hazardous substances at large commercial landfills that received waste from many different sources .while joint and several liability is authorized under cercla and equivalent state laws , as a practical matter , liability for cercla cleanups is typically allocated among the many potential responsible parties .remedial costs are recorded in the consolidated financial statements when they become probable and reasonably estimable .international paper has estimated the probable liability associated with these matters to be approximately $ 95 million in the aggregate as of december 31 , 2014 .cass lake : one of the matters referenced above is a closed wood treating facility located in cass lake , minnesota .during 2009 , in connection with an environmental site remediation action under cercla , international paper submitted to the epa a remediation feasibility study .in june 2011 , the epa selected and published a proposed soil remedy at the site with an estimated cost of $ 46 million .the overall remediation reserve for the site is currently $ 50 million to address the selection of an alternative for the soil remediation component of the overall site remedy .in october 2011 , the epa released a public statement indicating that the final soil remedy decision would be delayed .in the unlikely event that the epa changes its proposed soil remedy and approves instead a more expensive clean- up alternative , the remediation costs could be material , and significantly higher than amounts currently recorded .in october 2012 , the natural resource trustees for this site provided notice to international paper and other potentially responsible parties of their intent to perform a natural resource damage assessment .it is premature to predict the outcome of the assessment or to estimate a loss or range of loss , if any , which may be incurred .other remediation costs in addition to the above matters , other remediation costs typically associated with the cleanup of hazardous substances at the company 2019s current , closed or formerly-owned facilities , and recorded as liabilities in the balance sheet , totaled approximately $ 41 million as of december 31 , 2014 .other than as described above , completion of required remedial actions is not expected to have a material effect on our consolidated financial statements .legal proceedings environmental kalamazoo river : the company is a potentially responsible party with respect to the allied paper , inc./ portage creek/kalamazoo river superfund site ( kalamazoo river superfund site ) in michigan .the epa asserts that the site is contaminated primarily by pcbs as a result of discharges from various paper mills located along the kalamazoo river , including a paper mill formerly owned by st .regis paper company ( st .regis ) .the company is a successor in interest to st .regis .although the company has not received any orders from the epa , in december 2014 , the epa sent the company a letter demanding payment of $ 19 million to reimburse the epa for costs associated with a time critical removal action of pcb contaminated sediments from a portion of the site .the company 2019s cercla liability has not been finally determined with respect to this or any other portion of the site and we have declined to reimburse the epa at this time .as noted below , the company is involved in allocation/ apportionment litigation with regard to the site .accordingly , it is premature to estimate a loss or range of loss with respect to this site .the company was named as a defendant by georgia- pacific consumer products lp , fort james corporation and georgia pacific llc in a contribution and cost recovery action for alleged pollution at the site .the suit .
Question: what was the rent expense in 2014?
| convfinqa2360 |
at december 31 , 2014 , total future minimum commitments under existing non-cancelable operating leases and purchase obligations were as follows: . in millions | 2015 | 2016 | 2017 | 2018 | 2019 | thereafter
lease obligations | $ 142 | $ 106 | $ 84 | $ 63 | $ 45 | $ 91
purchase obligations ( a ) | 3266 | 761 | 583 | 463 | 422 | 1690
total | $ 3408 | $ 867 | $ 667 | $ 526 | $ 467 | $ 1781 ( a ) includes $ 2.3 billion relating to fiber supply agreements entered into at the time of the company 2019s 2006 transformation plan forestland sales and in conjunction with the 2008 acquisition of weyerhaeuser company 2019s containerboard , packaging and recycling business .rent expense was $ 154 million , $ 168 million and $ 185 million for 2014 , 2013 and 2012 , respectively .guarantees in connection with sales of businesses , property , equipment , forestlands and other assets , international paper commonly makes representations and warranties relating to such businesses or assets , and may agree to indemnify buyers with respect to tax and environmental liabilities , breaches of representations and warranties , and other matters .where liabilities for such matters are determined to be probable and subject to reasonable estimation , accrued liabilities are recorded at the time of sale as a cost of the transaction .environmental proceedings cercla and state actions international paper has been named as a potentially responsible party in environmental remediation actions under various federal and state laws , including the comprehensive environmental response , compensation and liability act ( cercla ) .many of these proceedings involve the cleanup of hazardous substances at large commercial landfills that received waste from many different sources .while joint and several liability is authorized under cercla and equivalent state laws , as a practical matter , liability for cercla cleanups is typically allocated among the many potential responsible parties .remedial costs are recorded in the consolidated financial statements when they become probable and reasonably estimable .international paper has estimated the probable liability associated with these matters to be approximately $ 95 million in the aggregate as of december 31 , 2014 .cass lake : one of the matters referenced above is a closed wood treating facility located in cass lake , minnesota .during 2009 , in connection with an environmental site remediation action under cercla , international paper submitted to the epa a remediation feasibility study .in june 2011 , the epa selected and published a proposed soil remedy at the site with an estimated cost of $ 46 million .the overall remediation reserve for the site is currently $ 50 million to address the selection of an alternative for the soil remediation component of the overall site remedy .in october 2011 , the epa released a public statement indicating that the final soil remedy decision would be delayed .in the unlikely event that the epa changes its proposed soil remedy and approves instead a more expensive clean- up alternative , the remediation costs could be material , and significantly higher than amounts currently recorded .in october 2012 , the natural resource trustees for this site provided notice to international paper and other potentially responsible parties of their intent to perform a natural resource damage assessment .it is premature to predict the outcome of the assessment or to estimate a loss or range of loss , if any , which may be incurred .other remediation costs in addition to the above matters , other remediation costs typically associated with the cleanup of hazardous substances at the company 2019s current , closed or formerly-owned facilities , and recorded as liabilities in the balance sheet , totaled approximately $ 41 million as of december 31 , 2014 .other than as described above , completion of required remedial actions is not expected to have a material effect on our consolidated financial statements .legal proceedings environmental kalamazoo river : the company is a potentially responsible party with respect to the allied paper , inc./ portage creek/kalamazoo river superfund site ( kalamazoo river superfund site ) in michigan .the epa asserts that the site is contaminated primarily by pcbs as a result of discharges from various paper mills located along the kalamazoo river , including a paper mill formerly owned by st .regis paper company ( st .regis ) .the company is a successor in interest to st .regis .although the company has not received any orders from the epa , in december 2014 , the epa sent the company a letter demanding payment of $ 19 million to reimburse the epa for costs associated with a time critical removal action of pcb contaminated sediments from a portion of the site .the company 2019s cercla liability has not been finally determined with respect to this or any other portion of the site and we have declined to reimburse the epa at this time .as noted below , the company is involved in allocation/ apportionment litigation with regard to the site .accordingly , it is premature to estimate a loss or range of loss with respect to this site .the company was named as a defendant by georgia- pacific consumer products lp , fort james corporation and georgia pacific llc in a contribution and cost recovery action for alleged pollution at the site .the suit .
Question: what was the rent expense in 2014?
Steps: Ask for number 154
Answer: 154.0
Question: what was it in 2013?
| 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.
at december 31 , 2014 , total future minimum commitments under existing non-cancelable operating leases and purchase obligations were as follows: . in millions | 2015 | 2016 | 2017 | 2018 | 2019 | thereafter
lease obligations | $ 142 | $ 106 | $ 84 | $ 63 | $ 45 | $ 91
purchase obligations ( a ) | 3266 | 761 | 583 | 463 | 422 | 1690
total | $ 3408 | $ 867 | $ 667 | $ 526 | $ 467 | $ 1781 ( a ) includes $ 2.3 billion relating to fiber supply agreements entered into at the time of the company 2019s 2006 transformation plan forestland sales and in conjunction with the 2008 acquisition of weyerhaeuser company 2019s containerboard , packaging and recycling business .rent expense was $ 154 million , $ 168 million and $ 185 million for 2014 , 2013 and 2012 , respectively .guarantees in connection with sales of businesses , property , equipment , forestlands and other assets , international paper commonly makes representations and warranties relating to such businesses or assets , and may agree to indemnify buyers with respect to tax and environmental liabilities , breaches of representations and warranties , and other matters .where liabilities for such matters are determined to be probable and subject to reasonable estimation , accrued liabilities are recorded at the time of sale as a cost of the transaction .environmental proceedings cercla and state actions international paper has been named as a potentially responsible party in environmental remediation actions under various federal and state laws , including the comprehensive environmental response , compensation and liability act ( cercla ) .many of these proceedings involve the cleanup of hazardous substances at large commercial landfills that received waste from many different sources .while joint and several liability is authorized under cercla and equivalent state laws , as a practical matter , liability for cercla cleanups is typically allocated among the many potential responsible parties .remedial costs are recorded in the consolidated financial statements when they become probable and reasonably estimable .international paper has estimated the probable liability associated with these matters to be approximately $ 95 million in the aggregate as of december 31 , 2014 .cass lake : one of the matters referenced above is a closed wood treating facility located in cass lake , minnesota .during 2009 , in connection with an environmental site remediation action under cercla , international paper submitted to the epa a remediation feasibility study .in june 2011 , the epa selected and published a proposed soil remedy at the site with an estimated cost of $ 46 million .the overall remediation reserve for the site is currently $ 50 million to address the selection of an alternative for the soil remediation component of the overall site remedy .in october 2011 , the epa released a public statement indicating that the final soil remedy decision would be delayed .in the unlikely event that the epa changes its proposed soil remedy and approves instead a more expensive clean- up alternative , the remediation costs could be material , and significantly higher than amounts currently recorded .in october 2012 , the natural resource trustees for this site provided notice to international paper and other potentially responsible parties of their intent to perform a natural resource damage assessment .it is premature to predict the outcome of the assessment or to estimate a loss or range of loss , if any , which may be incurred .other remediation costs in addition to the above matters , other remediation costs typically associated with the cleanup of hazardous substances at the company 2019s current , closed or formerly-owned facilities , and recorded as liabilities in the balance sheet , totaled approximately $ 41 million as of december 31 , 2014 .other than as described above , completion of required remedial actions is not expected to have a material effect on our consolidated financial statements .legal proceedings environmental kalamazoo river : the company is a potentially responsible party with respect to the allied paper , inc./ portage creek/kalamazoo river superfund site ( kalamazoo river superfund site ) in michigan .the epa asserts that the site is contaminated primarily by pcbs as a result of discharges from various paper mills located along the kalamazoo river , including a paper mill formerly owned by st .regis paper company ( st .regis ) .the company is a successor in interest to st .regis .although the company has not received any orders from the epa , in december 2014 , the epa sent the company a letter demanding payment of $ 19 million to reimburse the epa for costs associated with a time critical removal action of pcb contaminated sediments from a portion of the site .the company 2019s cercla liability has not been finally determined with respect to this or any other portion of the site and we have declined to reimburse the epa at this time .as noted below , the company is involved in allocation/ apportionment litigation with regard to the site .accordingly , it is premature to estimate a loss or range of loss with respect to this site .the company was named as a defendant by georgia- pacific consumer products lp , fort james corporation and georgia pacific llc in a contribution and cost recovery action for alleged pollution at the site .the suit .
Question: what was the rent expense in 2014?
Steps: Ask for number 154
Answer: 154.0
Question: what was it in 2013?
| convfinqa2361 |
at december 31 , 2014 , total future minimum commitments under existing non-cancelable operating leases and purchase obligations were as follows: . in millions | 2015 | 2016 | 2017 | 2018 | 2019 | thereafter
lease obligations | $ 142 | $ 106 | $ 84 | $ 63 | $ 45 | $ 91
purchase obligations ( a ) | 3266 | 761 | 583 | 463 | 422 | 1690
total | $ 3408 | $ 867 | $ 667 | $ 526 | $ 467 | $ 1781 ( a ) includes $ 2.3 billion relating to fiber supply agreements entered into at the time of the company 2019s 2006 transformation plan forestland sales and in conjunction with the 2008 acquisition of weyerhaeuser company 2019s containerboard , packaging and recycling business .rent expense was $ 154 million , $ 168 million and $ 185 million for 2014 , 2013 and 2012 , respectively .guarantees in connection with sales of businesses , property , equipment , forestlands and other assets , international paper commonly makes representations and warranties relating to such businesses or assets , and may agree to indemnify buyers with respect to tax and environmental liabilities , breaches of representations and warranties , and other matters .where liabilities for such matters are determined to be probable and subject to reasonable estimation , accrued liabilities are recorded at the time of sale as a cost of the transaction .environmental proceedings cercla and state actions international paper has been named as a potentially responsible party in environmental remediation actions under various federal and state laws , including the comprehensive environmental response , compensation and liability act ( cercla ) .many of these proceedings involve the cleanup of hazardous substances at large commercial landfills that received waste from many different sources .while joint and several liability is authorized under cercla and equivalent state laws , as a practical matter , liability for cercla cleanups is typically allocated among the many potential responsible parties .remedial costs are recorded in the consolidated financial statements when they become probable and reasonably estimable .international paper has estimated the probable liability associated with these matters to be approximately $ 95 million in the aggregate as of december 31 , 2014 .cass lake : one of the matters referenced above is a closed wood treating facility located in cass lake , minnesota .during 2009 , in connection with an environmental site remediation action under cercla , international paper submitted to the epa a remediation feasibility study .in june 2011 , the epa selected and published a proposed soil remedy at the site with an estimated cost of $ 46 million .the overall remediation reserve for the site is currently $ 50 million to address the selection of an alternative for the soil remediation component of the overall site remedy .in october 2011 , the epa released a public statement indicating that the final soil remedy decision would be delayed .in the unlikely event that the epa changes its proposed soil remedy and approves instead a more expensive clean- up alternative , the remediation costs could be material , and significantly higher than amounts currently recorded .in october 2012 , the natural resource trustees for this site provided notice to international paper and other potentially responsible parties of their intent to perform a natural resource damage assessment .it is premature to predict the outcome of the assessment or to estimate a loss or range of loss , if any , which may be incurred .other remediation costs in addition to the above matters , other remediation costs typically associated with the cleanup of hazardous substances at the company 2019s current , closed or formerly-owned facilities , and recorded as liabilities in the balance sheet , totaled approximately $ 41 million as of december 31 , 2014 .other than as described above , completion of required remedial actions is not expected to have a material effect on our consolidated financial statements .legal proceedings environmental kalamazoo river : the company is a potentially responsible party with respect to the allied paper , inc./ portage creek/kalamazoo river superfund site ( kalamazoo river superfund site ) in michigan .the epa asserts that the site is contaminated primarily by pcbs as a result of discharges from various paper mills located along the kalamazoo river , including a paper mill formerly owned by st .regis paper company ( st .regis ) .the company is a successor in interest to st .regis .although the company has not received any orders from the epa , in december 2014 , the epa sent the company a letter demanding payment of $ 19 million to reimburse the epa for costs associated with a time critical removal action of pcb contaminated sediments from a portion of the site .the company 2019s cercla liability has not been finally determined with respect to this or any other portion of the site and we have declined to reimburse the epa at this time .as noted below , the company is involved in allocation/ apportionment litigation with regard to the site .accordingly , it is premature to estimate a loss or range of loss with respect to this site .the company was named as a defendant by georgia- pacific consumer products lp , fort james corporation and georgia pacific llc in a contribution and cost recovery action for alleged pollution at the site .the suit .
Question: what was the rent expense in 2014?
Steps: Ask for number 154
Answer: 154.0
Question: what was it in 2013?
Steps: Ask for number 168
Answer: 168.0
Question: what is the sum
| 322.0 | 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.
at december 31 , 2014 , total future minimum commitments under existing non-cancelable operating leases and purchase obligations were as follows: . in millions | 2015 | 2016 | 2017 | 2018 | 2019 | thereafter
lease obligations | $ 142 | $ 106 | $ 84 | $ 63 | $ 45 | $ 91
purchase obligations ( a ) | 3266 | 761 | 583 | 463 | 422 | 1690
total | $ 3408 | $ 867 | $ 667 | $ 526 | $ 467 | $ 1781 ( a ) includes $ 2.3 billion relating to fiber supply agreements entered into at the time of the company 2019s 2006 transformation plan forestland sales and in conjunction with the 2008 acquisition of weyerhaeuser company 2019s containerboard , packaging and recycling business .rent expense was $ 154 million , $ 168 million and $ 185 million for 2014 , 2013 and 2012 , respectively .guarantees in connection with sales of businesses , property , equipment , forestlands and other assets , international paper commonly makes representations and warranties relating to such businesses or assets , and may agree to indemnify buyers with respect to tax and environmental liabilities , breaches of representations and warranties , and other matters .where liabilities for such matters are determined to be probable and subject to reasonable estimation , accrued liabilities are recorded at the time of sale as a cost of the transaction .environmental proceedings cercla and state actions international paper has been named as a potentially responsible party in environmental remediation actions under various federal and state laws , including the comprehensive environmental response , compensation and liability act ( cercla ) .many of these proceedings involve the cleanup of hazardous substances at large commercial landfills that received waste from many different sources .while joint and several liability is authorized under cercla and equivalent state laws , as a practical matter , liability for cercla cleanups is typically allocated among the many potential responsible parties .remedial costs are recorded in the consolidated financial statements when they become probable and reasonably estimable .international paper has estimated the probable liability associated with these matters to be approximately $ 95 million in the aggregate as of december 31 , 2014 .cass lake : one of the matters referenced above is a closed wood treating facility located in cass lake , minnesota .during 2009 , in connection with an environmental site remediation action under cercla , international paper submitted to the epa a remediation feasibility study .in june 2011 , the epa selected and published a proposed soil remedy at the site with an estimated cost of $ 46 million .the overall remediation reserve for the site is currently $ 50 million to address the selection of an alternative for the soil remediation component of the overall site remedy .in october 2011 , the epa released a public statement indicating that the final soil remedy decision would be delayed .in the unlikely event that the epa changes its proposed soil remedy and approves instead a more expensive clean- up alternative , the remediation costs could be material , and significantly higher than amounts currently recorded .in october 2012 , the natural resource trustees for this site provided notice to international paper and other potentially responsible parties of their intent to perform a natural resource damage assessment .it is premature to predict the outcome of the assessment or to estimate a loss or range of loss , if any , which may be incurred .other remediation costs in addition to the above matters , other remediation costs typically associated with the cleanup of hazardous substances at the company 2019s current , closed or formerly-owned facilities , and recorded as liabilities in the balance sheet , totaled approximately $ 41 million as of december 31 , 2014 .other than as described above , completion of required remedial actions is not expected to have a material effect on our consolidated financial statements .legal proceedings environmental kalamazoo river : the company is a potentially responsible party with respect to the allied paper , inc./ portage creek/kalamazoo river superfund site ( kalamazoo river superfund site ) in michigan .the epa asserts that the site is contaminated primarily by pcbs as a result of discharges from various paper mills located along the kalamazoo river , including a paper mill formerly owned by st .regis paper company ( st .regis ) .the company is a successor in interest to st .regis .although the company has not received any orders from the epa , in december 2014 , the epa sent the company a letter demanding payment of $ 19 million to reimburse the epa for costs associated with a time critical removal action of pcb contaminated sediments from a portion of the site .the company 2019s cercla liability has not been finally determined with respect to this or any other portion of the site and we have declined to reimburse the epa at this time .as noted below , the company is involved in allocation/ apportionment litigation with regard to the site .accordingly , it is premature to estimate a loss or range of loss with respect to this site .the company was named as a defendant by georgia- pacific consumer products lp , fort james corporation and georgia pacific llc in a contribution and cost recovery action for alleged pollution at the site .the suit .
Question: what was the rent expense in 2014?
Steps: Ask for number 154
Answer: 154.0
Question: what was it in 2013?
Steps: Ask for number 168
Answer: 168.0
Question: what is the sum
| convfinqa2362 |
at december 31 , 2014 , total future minimum commitments under existing non-cancelable operating leases and purchase obligations were as follows: . in millions | 2015 | 2016 | 2017 | 2018 | 2019 | thereafter
lease obligations | $ 142 | $ 106 | $ 84 | $ 63 | $ 45 | $ 91
purchase obligations ( a ) | 3266 | 761 | 583 | 463 | 422 | 1690
total | $ 3408 | $ 867 | $ 667 | $ 526 | $ 467 | $ 1781 ( a ) includes $ 2.3 billion relating to fiber supply agreements entered into at the time of the company 2019s 2006 transformation plan forestland sales and in conjunction with the 2008 acquisition of weyerhaeuser company 2019s containerboard , packaging and recycling business .rent expense was $ 154 million , $ 168 million and $ 185 million for 2014 , 2013 and 2012 , respectively .guarantees in connection with sales of businesses , property , equipment , forestlands and other assets , international paper commonly makes representations and warranties relating to such businesses or assets , and may agree to indemnify buyers with respect to tax and environmental liabilities , breaches of representations and warranties , and other matters .where liabilities for such matters are determined to be probable and subject to reasonable estimation , accrued liabilities are recorded at the time of sale as a cost of the transaction .environmental proceedings cercla and state actions international paper has been named as a potentially responsible party in environmental remediation actions under various federal and state laws , including the comprehensive environmental response , compensation and liability act ( cercla ) .many of these proceedings involve the cleanup of hazardous substances at large commercial landfills that received waste from many different sources .while joint and several liability is authorized under cercla and equivalent state laws , as a practical matter , liability for cercla cleanups is typically allocated among the many potential responsible parties .remedial costs are recorded in the consolidated financial statements when they become probable and reasonably estimable .international paper has estimated the probable liability associated with these matters to be approximately $ 95 million in the aggregate as of december 31 , 2014 .cass lake : one of the matters referenced above is a closed wood treating facility located in cass lake , minnesota .during 2009 , in connection with an environmental site remediation action under cercla , international paper submitted to the epa a remediation feasibility study .in june 2011 , the epa selected and published a proposed soil remedy at the site with an estimated cost of $ 46 million .the overall remediation reserve for the site is currently $ 50 million to address the selection of an alternative for the soil remediation component of the overall site remedy .in october 2011 , the epa released a public statement indicating that the final soil remedy decision would be delayed .in the unlikely event that the epa changes its proposed soil remedy and approves instead a more expensive clean- up alternative , the remediation costs could be material , and significantly higher than amounts currently recorded .in october 2012 , the natural resource trustees for this site provided notice to international paper and other potentially responsible parties of their intent to perform a natural resource damage assessment .it is premature to predict the outcome of the assessment or to estimate a loss or range of loss , if any , which may be incurred .other remediation costs in addition to the above matters , other remediation costs typically associated with the cleanup of hazardous substances at the company 2019s current , closed or formerly-owned facilities , and recorded as liabilities in the balance sheet , totaled approximately $ 41 million as of december 31 , 2014 .other than as described above , completion of required remedial actions is not expected to have a material effect on our consolidated financial statements .legal proceedings environmental kalamazoo river : the company is a potentially responsible party with respect to the allied paper , inc./ portage creek/kalamazoo river superfund site ( kalamazoo river superfund site ) in michigan .the epa asserts that the site is contaminated primarily by pcbs as a result of discharges from various paper mills located along the kalamazoo river , including a paper mill formerly owned by st .regis paper company ( st .regis ) .the company is a successor in interest to st .regis .although the company has not received any orders from the epa , in december 2014 , the epa sent the company a letter demanding payment of $ 19 million to reimburse the epa for costs associated with a time critical removal action of pcb contaminated sediments from a portion of the site .the company 2019s cercla liability has not been finally determined with respect to this or any other portion of the site and we have declined to reimburse the epa at this time .as noted below , the company is involved in allocation/ apportionment litigation with regard to the site .accordingly , it is premature to estimate a loss or range of loss with respect to this site .the company was named as a defendant by georgia- pacific consumer products lp , fort james corporation and georgia pacific llc in a contribution and cost recovery action for alleged pollution at the site .the suit .
Question: what was the rent expense in 2014?
Steps: Ask for number 154
Answer: 154.0
Question: what was it in 2013?
Steps: Ask for number 168
Answer: 168.0
Question: what is the sum
Steps: add(154, 168)
Answer: 322.0
Question: what is the total sum including 2012?
| 507.0 | 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.
at december 31 , 2014 , total future minimum commitments under existing non-cancelable operating leases and purchase obligations were as follows: . in millions | 2015 | 2016 | 2017 | 2018 | 2019 | thereafter
lease obligations | $ 142 | $ 106 | $ 84 | $ 63 | $ 45 | $ 91
purchase obligations ( a ) | 3266 | 761 | 583 | 463 | 422 | 1690
total | $ 3408 | $ 867 | $ 667 | $ 526 | $ 467 | $ 1781 ( a ) includes $ 2.3 billion relating to fiber supply agreements entered into at the time of the company 2019s 2006 transformation plan forestland sales and in conjunction with the 2008 acquisition of weyerhaeuser company 2019s containerboard , packaging and recycling business .rent expense was $ 154 million , $ 168 million and $ 185 million for 2014 , 2013 and 2012 , respectively .guarantees in connection with sales of businesses , property , equipment , forestlands and other assets , international paper commonly makes representations and warranties relating to such businesses or assets , and may agree to indemnify buyers with respect to tax and environmental liabilities , breaches of representations and warranties , and other matters .where liabilities for such matters are determined to be probable and subject to reasonable estimation , accrued liabilities are recorded at the time of sale as a cost of the transaction .environmental proceedings cercla and state actions international paper has been named as a potentially responsible party in environmental remediation actions under various federal and state laws , including the comprehensive environmental response , compensation and liability act ( cercla ) .many of these proceedings involve the cleanup of hazardous substances at large commercial landfills that received waste from many different sources .while joint and several liability is authorized under cercla and equivalent state laws , as a practical matter , liability for cercla cleanups is typically allocated among the many potential responsible parties .remedial costs are recorded in the consolidated financial statements when they become probable and reasonably estimable .international paper has estimated the probable liability associated with these matters to be approximately $ 95 million in the aggregate as of december 31 , 2014 .cass lake : one of the matters referenced above is a closed wood treating facility located in cass lake , minnesota .during 2009 , in connection with an environmental site remediation action under cercla , international paper submitted to the epa a remediation feasibility study .in june 2011 , the epa selected and published a proposed soil remedy at the site with an estimated cost of $ 46 million .the overall remediation reserve for the site is currently $ 50 million to address the selection of an alternative for the soil remediation component of the overall site remedy .in october 2011 , the epa released a public statement indicating that the final soil remedy decision would be delayed .in the unlikely event that the epa changes its proposed soil remedy and approves instead a more expensive clean- up alternative , the remediation costs could be material , and significantly higher than amounts currently recorded .in october 2012 , the natural resource trustees for this site provided notice to international paper and other potentially responsible parties of their intent to perform a natural resource damage assessment .it is premature to predict the outcome of the assessment or to estimate a loss or range of loss , if any , which may be incurred .other remediation costs in addition to the above matters , other remediation costs typically associated with the cleanup of hazardous substances at the company 2019s current , closed or formerly-owned facilities , and recorded as liabilities in the balance sheet , totaled approximately $ 41 million as of december 31 , 2014 .other than as described above , completion of required remedial actions is not expected to have a material effect on our consolidated financial statements .legal proceedings environmental kalamazoo river : the company is a potentially responsible party with respect to the allied paper , inc./ portage creek/kalamazoo river superfund site ( kalamazoo river superfund site ) in michigan .the epa asserts that the site is contaminated primarily by pcbs as a result of discharges from various paper mills located along the kalamazoo river , including a paper mill formerly owned by st .regis paper company ( st .regis ) .the company is a successor in interest to st .regis .although the company has not received any orders from the epa , in december 2014 , the epa sent the company a letter demanding payment of $ 19 million to reimburse the epa for costs associated with a time critical removal action of pcb contaminated sediments from a portion of the site .the company 2019s cercla liability has not been finally determined with respect to this or any other portion of the site and we have declined to reimburse the epa at this time .as noted below , the company is involved in allocation/ apportionment litigation with regard to the site .accordingly , it is premature to estimate a loss or range of loss with respect to this site .the company was named as a defendant by georgia- pacific consumer products lp , fort james corporation and georgia pacific llc in a contribution and cost recovery action for alleged pollution at the site .the suit .
Question: what was the rent expense in 2014?
Steps: Ask for number 154
Answer: 154.0
Question: what was it in 2013?
Steps: Ask for number 168
Answer: 168.0
Question: what is the sum
Steps: add(154, 168)
Answer: 322.0
Question: what is the total sum including 2012?
| convfinqa2363 |
masco corporation notes to consolidated financial statements ( continued ) o .segment information ( continued ) ( 1 ) included in net sales were export sales from the u.s .of $ 229 million , $ 241 million and $ 246 million in 2012 , 2011 and 2010 , respectively .( 2 ) excluded from net sales were intra-company sales between segments of approximately two percent of net sales in each of 2012 , 2011 and 2010 .( 3 ) included in net sales were sales to one customer of $ 2143 million , $ 1984 million and $ 1993 million in 2012 , 2011 and 2010 , respectively .such net sales were included in the following segments : cabinets and related products , plumbing products , decorative architectural products and other specialty products .( 4 ) net sales from the company 2019s operations in the u.s .were $ 5793 million , $ 5394 million and $ 5618 million in 2012 , 2011 and 2010 , respectively .( 5 ) net sales , operating ( loss ) profit , property additions and depreciation and amortization expense for 2012 , 2011 and 2010 excluded the results of businesses reported as discontinued operations in 2012 , 2011 and 2010 .( 6 ) included in segment operating profit ( loss ) for 2012 was an impairment charge for other intangible assets as follows : other specialty products 2013 $ 42 million .included in segment operating ( loss ) profit for 2011 were impairment charges for goodwill and other intangible assets as follows : cabinets and related products 2013 $ 44 million ; plumbing products 2013 $ 1 million ; decorative architectural products 2013 $ 75 million ; and other specialty products 2013 $ 374 million .included in segment operating ( loss ) profit for 2010 were impairment charges for goodwill and other intangible assets as follows : plumbing products 2013 $ 1 million ; and installation and other services 2013 $ 697 million .( 7 ) general corporate expense , net included those expenses not specifically attributable to the company 2019s segments .( 8 ) the charge for litigation settlement , net in 2012 primarily relates to a business in the installation and other services segment and in 2011 relates to business units in the cabinets and related products and the other specialty products segments .( 9 ) long-lived assets of the company 2019s operations in the u.s .and europe were $ 2795 million and $ 567 million , $ 2964 million and $ 565 million , and $ 3684 million and $ 617 million at december 31 , 2012 , 2011 and 2010 , respectively .( 10 ) segment assets for 2012 and 2011 excluded the assets of businesses reported as discontinued operations in the respective years .p .severance costs as part of the company 2019s continuing review of its operations , actions were taken during 2012 , 2011 and 2010 to respond to market conditions .the company recorded charges related to severance and early retirement programs of $ 36 million , $ 17 million and $ 14 million for the years ended december 31 , 2012 , 2011 and 2010 , respectively .such charges are principally reflected in the statement of operations in selling , general and administrative expenses and were paid when incurred .q .other income ( expense ) , net other , net , which is included in other income ( expense ) , net , was as follows , in millions: . | 2012 | 2011 | 2010
income from cash and cash investments | $ 6 | $ 8 | $ 6
other interest income | 1 | 1 | 1
income from financial investments net ( note e ) | 24 | 73 | 9
other items net | -4 ( 4 ) | -5 ( 5 ) | -9 ( 9 )
total other net | $ 27 | $ 77 | $ 7 other items , net , included realized foreign currency transaction losses of $ 2 million , $ 5 million and $ 2 million in 2012 , 2011 and 2010 , respectively , as well as other miscellaneous items. .
Question: what was the net change in value of income from cash and cash investments from 2010 to 2011?
| 2.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
masco corporation notes to consolidated financial statements ( continued ) o .segment information ( continued ) ( 1 ) included in net sales were export sales from the u.s .of $ 229 million , $ 241 million and $ 246 million in 2012 , 2011 and 2010 , respectively .( 2 ) excluded from net sales were intra-company sales between segments of approximately two percent of net sales in each of 2012 , 2011 and 2010 .( 3 ) included in net sales were sales to one customer of $ 2143 million , $ 1984 million and $ 1993 million in 2012 , 2011 and 2010 , respectively .such net sales were included in the following segments : cabinets and related products , plumbing products , decorative architectural products and other specialty products .( 4 ) net sales from the company 2019s operations in the u.s .were $ 5793 million , $ 5394 million and $ 5618 million in 2012 , 2011 and 2010 , respectively .( 5 ) net sales , operating ( loss ) profit , property additions and depreciation and amortization expense for 2012 , 2011 and 2010 excluded the results of businesses reported as discontinued operations in 2012 , 2011 and 2010 .( 6 ) included in segment operating profit ( loss ) for 2012 was an impairment charge for other intangible assets as follows : other specialty products 2013 $ 42 million .included in segment operating ( loss ) profit for 2011 were impairment charges for goodwill and other intangible assets as follows : cabinets and related products 2013 $ 44 million ; plumbing products 2013 $ 1 million ; decorative architectural products 2013 $ 75 million ; and other specialty products 2013 $ 374 million .included in segment operating ( loss ) profit for 2010 were impairment charges for goodwill and other intangible assets as follows : plumbing products 2013 $ 1 million ; and installation and other services 2013 $ 697 million .( 7 ) general corporate expense , net included those expenses not specifically attributable to the company 2019s segments .( 8 ) the charge for litigation settlement , net in 2012 primarily relates to a business in the installation and other services segment and in 2011 relates to business units in the cabinets and related products and the other specialty products segments .( 9 ) long-lived assets of the company 2019s operations in the u.s .and europe were $ 2795 million and $ 567 million , $ 2964 million and $ 565 million , and $ 3684 million and $ 617 million at december 31 , 2012 , 2011 and 2010 , respectively .( 10 ) segment assets for 2012 and 2011 excluded the assets of businesses reported as discontinued operations in the respective years .p .severance costs as part of the company 2019s continuing review of its operations , actions were taken during 2012 , 2011 and 2010 to respond to market conditions .the company recorded charges related to severance and early retirement programs of $ 36 million , $ 17 million and $ 14 million for the years ended december 31 , 2012 , 2011 and 2010 , respectively .such charges are principally reflected in the statement of operations in selling , general and administrative expenses and were paid when incurred .q .other income ( expense ) , net other , net , which is included in other income ( expense ) , net , was as follows , in millions: . | 2012 | 2011 | 2010
income from cash and cash investments | $ 6 | $ 8 | $ 6
other interest income | 1 | 1 | 1
income from financial investments net ( note e ) | 24 | 73 | 9
other items net | -4 ( 4 ) | -5 ( 5 ) | -9 ( 9 )
total other net | $ 27 | $ 77 | $ 7 other items , net , included realized foreign currency transaction losses of $ 2 million , $ 5 million and $ 2 million in 2012 , 2011 and 2010 , respectively , as well as other miscellaneous items. .
Question: what was the net change in value of income from cash and cash investments from 2010 to 2011?
| convfinqa2364 |
masco corporation notes to consolidated financial statements ( continued ) o .segment information ( continued ) ( 1 ) included in net sales were export sales from the u.s .of $ 229 million , $ 241 million and $ 246 million in 2012 , 2011 and 2010 , respectively .( 2 ) excluded from net sales were intra-company sales between segments of approximately two percent of net sales in each of 2012 , 2011 and 2010 .( 3 ) included in net sales were sales to one customer of $ 2143 million , $ 1984 million and $ 1993 million in 2012 , 2011 and 2010 , respectively .such net sales were included in the following segments : cabinets and related products , plumbing products , decorative architectural products and other specialty products .( 4 ) net sales from the company 2019s operations in the u.s .were $ 5793 million , $ 5394 million and $ 5618 million in 2012 , 2011 and 2010 , respectively .( 5 ) net sales , operating ( loss ) profit , property additions and depreciation and amortization expense for 2012 , 2011 and 2010 excluded the results of businesses reported as discontinued operations in 2012 , 2011 and 2010 .( 6 ) included in segment operating profit ( loss ) for 2012 was an impairment charge for other intangible assets as follows : other specialty products 2013 $ 42 million .included in segment operating ( loss ) profit for 2011 were impairment charges for goodwill and other intangible assets as follows : cabinets and related products 2013 $ 44 million ; plumbing products 2013 $ 1 million ; decorative architectural products 2013 $ 75 million ; and other specialty products 2013 $ 374 million .included in segment operating ( loss ) profit for 2010 were impairment charges for goodwill and other intangible assets as follows : plumbing products 2013 $ 1 million ; and installation and other services 2013 $ 697 million .( 7 ) general corporate expense , net included those expenses not specifically attributable to the company 2019s segments .( 8 ) the charge for litigation settlement , net in 2012 primarily relates to a business in the installation and other services segment and in 2011 relates to business units in the cabinets and related products and the other specialty products segments .( 9 ) long-lived assets of the company 2019s operations in the u.s .and europe were $ 2795 million and $ 567 million , $ 2964 million and $ 565 million , and $ 3684 million and $ 617 million at december 31 , 2012 , 2011 and 2010 , respectively .( 10 ) segment assets for 2012 and 2011 excluded the assets of businesses reported as discontinued operations in the respective years .p .severance costs as part of the company 2019s continuing review of its operations , actions were taken during 2012 , 2011 and 2010 to respond to market conditions .the company recorded charges related to severance and early retirement programs of $ 36 million , $ 17 million and $ 14 million for the years ended december 31 , 2012 , 2011 and 2010 , respectively .such charges are principally reflected in the statement of operations in selling , general and administrative expenses and were paid when incurred .q .other income ( expense ) , net other , net , which is included in other income ( expense ) , net , was as follows , in millions: . | 2012 | 2011 | 2010
income from cash and cash investments | $ 6 | $ 8 | $ 6
other interest income | 1 | 1 | 1
income from financial investments net ( note e ) | 24 | 73 | 9
other items net | -4 ( 4 ) | -5 ( 5 ) | -9 ( 9 )
total other net | $ 27 | $ 77 | $ 7 other items , net , included realized foreign currency transaction losses of $ 2 million , $ 5 million and $ 2 million in 2012 , 2011 and 2010 , respectively , as well as other miscellaneous items. .
Question: what was the net change in value of income from cash and cash investments from 2010 to 2011?
Steps: subtract(8, 6)
Answer: 2.0
Question: what was the percent change?
| 0.33333 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
masco corporation notes to consolidated financial statements ( continued ) o .segment information ( continued ) ( 1 ) included in net sales were export sales from the u.s .of $ 229 million , $ 241 million and $ 246 million in 2012 , 2011 and 2010 , respectively .( 2 ) excluded from net sales were intra-company sales between segments of approximately two percent of net sales in each of 2012 , 2011 and 2010 .( 3 ) included in net sales were sales to one customer of $ 2143 million , $ 1984 million and $ 1993 million in 2012 , 2011 and 2010 , respectively .such net sales were included in the following segments : cabinets and related products , plumbing products , decorative architectural products and other specialty products .( 4 ) net sales from the company 2019s operations in the u.s .were $ 5793 million , $ 5394 million and $ 5618 million in 2012 , 2011 and 2010 , respectively .( 5 ) net sales , operating ( loss ) profit , property additions and depreciation and amortization expense for 2012 , 2011 and 2010 excluded the results of businesses reported as discontinued operations in 2012 , 2011 and 2010 .( 6 ) included in segment operating profit ( loss ) for 2012 was an impairment charge for other intangible assets as follows : other specialty products 2013 $ 42 million .included in segment operating ( loss ) profit for 2011 were impairment charges for goodwill and other intangible assets as follows : cabinets and related products 2013 $ 44 million ; plumbing products 2013 $ 1 million ; decorative architectural products 2013 $ 75 million ; and other specialty products 2013 $ 374 million .included in segment operating ( loss ) profit for 2010 were impairment charges for goodwill and other intangible assets as follows : plumbing products 2013 $ 1 million ; and installation and other services 2013 $ 697 million .( 7 ) general corporate expense , net included those expenses not specifically attributable to the company 2019s segments .( 8 ) the charge for litigation settlement , net in 2012 primarily relates to a business in the installation and other services segment and in 2011 relates to business units in the cabinets and related products and the other specialty products segments .( 9 ) long-lived assets of the company 2019s operations in the u.s .and europe were $ 2795 million and $ 567 million , $ 2964 million and $ 565 million , and $ 3684 million and $ 617 million at december 31 , 2012 , 2011 and 2010 , respectively .( 10 ) segment assets for 2012 and 2011 excluded the assets of businesses reported as discontinued operations in the respective years .p .severance costs as part of the company 2019s continuing review of its operations , actions were taken during 2012 , 2011 and 2010 to respond to market conditions .the company recorded charges related to severance and early retirement programs of $ 36 million , $ 17 million and $ 14 million for the years ended december 31 , 2012 , 2011 and 2010 , respectively .such charges are principally reflected in the statement of operations in selling , general and administrative expenses and were paid when incurred .q .other income ( expense ) , net other , net , which is included in other income ( expense ) , net , was as follows , in millions: . | 2012 | 2011 | 2010
income from cash and cash investments | $ 6 | $ 8 | $ 6
other interest income | 1 | 1 | 1
income from financial investments net ( note e ) | 24 | 73 | 9
other items net | -4 ( 4 ) | -5 ( 5 ) | -9 ( 9 )
total other net | $ 27 | $ 77 | $ 7 other items , net , included realized foreign currency transaction losses of $ 2 million , $ 5 million and $ 2 million in 2012 , 2011 and 2010 , respectively , as well as other miscellaneous items. .
Question: what was the net change in value of income from cash and cash investments from 2010 to 2011?
Steps: subtract(8, 6)
Answer: 2.0
Question: what was the percent change?
| convfinqa2365 |
fair value of financial instruments we believe that the fair values of current assets and current liabilities approximate their reported carrying amounts .the fair values of non-current financial assets , liabilities and derivatives are shown in the following table. . ( $ in millions ) | 2005 carrying amount | 2005 fair value | 2005 carrying amount | fair value
notes and other long-term assets | $ 1374 | $ 1412 | $ 1702 | $ 1770
long-term debt and other long-term liabilities | $ 1636 | $ 1685 | $ 848 | $ 875
derivative instruments | $ 6 | $ 6 | $ 2014 | $ 2014 we value notes and other receivables based on the expected future cash flows dis- counted at risk-adjusted rates .we determine valuations for long-term debt and other long-term liabilities based on quoted market prices or expected future payments dis- counted at risk-adjusted rates .derivative instruments during 2003 , we entered into an interest rate swap agreement under which we receive a floating rate of interest and pay a fixed rate of interest .the swap modifies our interest rate exposure by effectively converting a note receivable with a fixed rate to a floating rate .the aggregate notional amount of the swap is $ 92 million and it matures in 2010 .the swap is classified as a fair value hedge under fas no .133 , 201caccounting for derivative instruments and hedging activities 201d ( 201cfas no .133 201d ) , and the change in the fair value of the swap , as well as the change in the fair value of the underlying note receivable , is recognized in interest income .the fair value of the swap was a $ 1 million asset at year-end 2005 , and a $ 3 million liability at year-end 2004 .the hedge is highly effective , and therefore , no net gain or loss was reported during 2005 , 2004 , and 2003 .during 2005 , we entered into two interest rate swap agreements to manage the volatil- ity of the u.s .treasury component of the interest rate risk associated with the forecasted issuance our series f senior notes and the exchange of our series c and e senior notes for new series g senior notes .both swaps were designated as cash flow hedges under fas no .133 and were terminated upon pricing of the notes .both swaps were highly effective in offsetting fluctuations in the u.s .treasury component .thus , there was no net gain or loss reported in earnings during 2005 .the total amount for these swaps was recorded in other comprehensive income and was a net loss of $ 2 million during 2005 , which will be amortized to interest expense using the interest method over the life of the notes .at year-end 2005 , we had six outstanding interest rate swap agreements to manage interest rate risk associated with the residual interests we retain in conjunction with our timeshare note sales .historically , we were required by purchasers and/or rating agen- cies to utilize interest rate swaps to protect the excess spread within our sold note pools .the aggregate notional amount of the swaps is $ 380 million , and they expire through 2022 .these swaps are not accounted for as hedges under fas no .133 .the fair value of the swaps is a net asset of $ 5 million at year-end 2005 , and a net asset of approximately $ 3 million at year-end 2004 .we recorded a $ 2 million net gain during 2005 and 2004 , and a $ 3 million net gain during 2003 .during 2005 , 2004 , and 2003 , we entered into interest rate swaps to manage interest rate risk associated with forecasted timeshare note sales .during 2005 , one swap was designated as a cash flow hedge under fas no .133 and was highly effective in offsetting interest rate fluctuations .the amount of the ineffectiveness is immaterial .the second swap entered into in 2005 did not qualify for hedge accounting .the non-qualifying swaps resulted in a loss of $ 3 million during 2005 , a gain of $ 2 million during 2004 and a loss of $ 4 million during 2003 .these amounts are included in the gains from the sales of timeshare notes receivable .during 2005 , 2004 , and 2003 , we entered into forward foreign exchange contracts to manage the foreign currency exposure related to certain monetary assets .the aggregate dollar equivalent of the notional amount of the contracts is $ 544 million at year-end 2005 .the forward exchange contracts do not qualify as hedges in accordance with fas no .133 .the fair value of the forward contracts is a liability of $ 2 million at year-end 2005 and zero at year-end 2004 .we recorded a $ 26 million gain during 2005 and a $ 3 million and $ 2 million net loss during 2004 and 2003 , respectively , relating to these forward foreign exchange contracts .the net gains and losses for all years were offset by income and losses recorded from translating the related monetary assets denominated in foreign currencies into u.s .dollars .during 2005 , 2004 , and 2003 , we entered into foreign exchange option and forward contracts to hedge the potential volatility of earnings and cash flows associated with variations in foreign exchange rates .the aggregate dollar equivalent of the notional amounts of the contracts is $ 27 million at year-end 2005 .these contracts have terms of less than one year and are classified as cash flow hedges .changes in their fair values are recorded as a component of other comprehensive income .the fair value of the option contracts is approximately zero at year-end 2005 and 2004 .during 2004 , it was deter- mined that certain derivatives were no longer effective in offsetting the hedged item .thus , cash flow hedge accounting treatment was discontinued and the ineffective con- tracts resulted in a loss of $ 1 million , which was reported in earnings for 2004 .the remaining hedges were highly effective and there was no net gain or loss reported in earnings for 2005 , 2004 , and 2003 .as of year-end 2005 , there were no deferred gains or losses on existing contracts accumulated in other comprehensive income that we expect to reclassify into earnings over the next year .during 2005 , we entered into forward foreign exchange contracts to manage currency exchange rate volatility associated with certain investments in foreign operations .one contract was designated as a hedge in the net investment of a foreign operation under fas no .133 .the hedge was highly effective and resulted in a $ 1 million net loss in the cumulative translation adjustment at year-end 2005 .certain contracts did not qualify as hedges under fas no .133 and resulted in a gain of $ 3 million for 2005 .the contracts offset the losses associated with translation adjustments for various investments in for- eign operations .the contracts have an aggregate dollar equivalent of the notional amounts of $ 229 million and a fair value of approximately zero at year-end 2005 .contingencies guarantees we issue guarantees to certain lenders and hotel owners primarily to obtain long-term management contracts .the guarantees generally have a stated maximum amount of funding and a term of five years or less .the terms of guarantees to lenders generally require us to fund if cash flows from hotel operations are inadequate to cover annual debt service or to repay the loan at the end of the term .the terms of the guarantees to hotel owners generally require us to fund if the hotels do not attain specified levels of 5 0 | m a r r i o t t i n t e r n a t i o n a l , i n c .2 0 0 5 .
Question: what is the difference between fair value and carrying amount for notes and other long-term assets in 2005?
| 38.0 | 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.
fair value of financial instruments we believe that the fair values of current assets and current liabilities approximate their reported carrying amounts .the fair values of non-current financial assets , liabilities and derivatives are shown in the following table. . ( $ in millions ) | 2005 carrying amount | 2005 fair value | 2005 carrying amount | fair value
notes and other long-term assets | $ 1374 | $ 1412 | $ 1702 | $ 1770
long-term debt and other long-term liabilities | $ 1636 | $ 1685 | $ 848 | $ 875
derivative instruments | $ 6 | $ 6 | $ 2014 | $ 2014 we value notes and other receivables based on the expected future cash flows dis- counted at risk-adjusted rates .we determine valuations for long-term debt and other long-term liabilities based on quoted market prices or expected future payments dis- counted at risk-adjusted rates .derivative instruments during 2003 , we entered into an interest rate swap agreement under which we receive a floating rate of interest and pay a fixed rate of interest .the swap modifies our interest rate exposure by effectively converting a note receivable with a fixed rate to a floating rate .the aggregate notional amount of the swap is $ 92 million and it matures in 2010 .the swap is classified as a fair value hedge under fas no .133 , 201caccounting for derivative instruments and hedging activities 201d ( 201cfas no .133 201d ) , and the change in the fair value of the swap , as well as the change in the fair value of the underlying note receivable , is recognized in interest income .the fair value of the swap was a $ 1 million asset at year-end 2005 , and a $ 3 million liability at year-end 2004 .the hedge is highly effective , and therefore , no net gain or loss was reported during 2005 , 2004 , and 2003 .during 2005 , we entered into two interest rate swap agreements to manage the volatil- ity of the u.s .treasury component of the interest rate risk associated with the forecasted issuance our series f senior notes and the exchange of our series c and e senior notes for new series g senior notes .both swaps were designated as cash flow hedges under fas no .133 and were terminated upon pricing of the notes .both swaps were highly effective in offsetting fluctuations in the u.s .treasury component .thus , there was no net gain or loss reported in earnings during 2005 .the total amount for these swaps was recorded in other comprehensive income and was a net loss of $ 2 million during 2005 , which will be amortized to interest expense using the interest method over the life of the notes .at year-end 2005 , we had six outstanding interest rate swap agreements to manage interest rate risk associated with the residual interests we retain in conjunction with our timeshare note sales .historically , we were required by purchasers and/or rating agen- cies to utilize interest rate swaps to protect the excess spread within our sold note pools .the aggregate notional amount of the swaps is $ 380 million , and they expire through 2022 .these swaps are not accounted for as hedges under fas no .133 .the fair value of the swaps is a net asset of $ 5 million at year-end 2005 , and a net asset of approximately $ 3 million at year-end 2004 .we recorded a $ 2 million net gain during 2005 and 2004 , and a $ 3 million net gain during 2003 .during 2005 , 2004 , and 2003 , we entered into interest rate swaps to manage interest rate risk associated with forecasted timeshare note sales .during 2005 , one swap was designated as a cash flow hedge under fas no .133 and was highly effective in offsetting interest rate fluctuations .the amount of the ineffectiveness is immaterial .the second swap entered into in 2005 did not qualify for hedge accounting .the non-qualifying swaps resulted in a loss of $ 3 million during 2005 , a gain of $ 2 million during 2004 and a loss of $ 4 million during 2003 .these amounts are included in the gains from the sales of timeshare notes receivable .during 2005 , 2004 , and 2003 , we entered into forward foreign exchange contracts to manage the foreign currency exposure related to certain monetary assets .the aggregate dollar equivalent of the notional amount of the contracts is $ 544 million at year-end 2005 .the forward exchange contracts do not qualify as hedges in accordance with fas no .133 .the fair value of the forward contracts is a liability of $ 2 million at year-end 2005 and zero at year-end 2004 .we recorded a $ 26 million gain during 2005 and a $ 3 million and $ 2 million net loss during 2004 and 2003 , respectively , relating to these forward foreign exchange contracts .the net gains and losses for all years were offset by income and losses recorded from translating the related monetary assets denominated in foreign currencies into u.s .dollars .during 2005 , 2004 , and 2003 , we entered into foreign exchange option and forward contracts to hedge the potential volatility of earnings and cash flows associated with variations in foreign exchange rates .the aggregate dollar equivalent of the notional amounts of the contracts is $ 27 million at year-end 2005 .these contracts have terms of less than one year and are classified as cash flow hedges .changes in their fair values are recorded as a component of other comprehensive income .the fair value of the option contracts is approximately zero at year-end 2005 and 2004 .during 2004 , it was deter- mined that certain derivatives were no longer effective in offsetting the hedged item .thus , cash flow hedge accounting treatment was discontinued and the ineffective con- tracts resulted in a loss of $ 1 million , which was reported in earnings for 2004 .the remaining hedges were highly effective and there was no net gain or loss reported in earnings for 2005 , 2004 , and 2003 .as of year-end 2005 , there were no deferred gains or losses on existing contracts accumulated in other comprehensive income that we expect to reclassify into earnings over the next year .during 2005 , we entered into forward foreign exchange contracts to manage currency exchange rate volatility associated with certain investments in foreign operations .one contract was designated as a hedge in the net investment of a foreign operation under fas no .133 .the hedge was highly effective and resulted in a $ 1 million net loss in the cumulative translation adjustment at year-end 2005 .certain contracts did not qualify as hedges under fas no .133 and resulted in a gain of $ 3 million for 2005 .the contracts offset the losses associated with translation adjustments for various investments in for- eign operations .the contracts have an aggregate dollar equivalent of the notional amounts of $ 229 million and a fair value of approximately zero at year-end 2005 .contingencies guarantees we issue guarantees to certain lenders and hotel owners primarily to obtain long-term management contracts .the guarantees generally have a stated maximum amount of funding and a term of five years or less .the terms of guarantees to lenders generally require us to fund if cash flows from hotel operations are inadequate to cover annual debt service or to repay the loan at the end of the term .the terms of the guarantees to hotel owners generally require us to fund if the hotels do not attain specified levels of 5 0 | m a r r i o t t i n t e r n a t i o n a l , i n c .2 0 0 5 .
Question: what is the difference between fair value and carrying amount for notes and other long-term assets in 2005?
| convfinqa2366 |
fair value of financial instruments we believe that the fair values of current assets and current liabilities approximate their reported carrying amounts .the fair values of non-current financial assets , liabilities and derivatives are shown in the following table. . ( $ in millions ) | 2005 carrying amount | 2005 fair value | 2005 carrying amount | fair value
notes and other long-term assets | $ 1374 | $ 1412 | $ 1702 | $ 1770
long-term debt and other long-term liabilities | $ 1636 | $ 1685 | $ 848 | $ 875
derivative instruments | $ 6 | $ 6 | $ 2014 | $ 2014 we value notes and other receivables based on the expected future cash flows dis- counted at risk-adjusted rates .we determine valuations for long-term debt and other long-term liabilities based on quoted market prices or expected future payments dis- counted at risk-adjusted rates .derivative instruments during 2003 , we entered into an interest rate swap agreement under which we receive a floating rate of interest and pay a fixed rate of interest .the swap modifies our interest rate exposure by effectively converting a note receivable with a fixed rate to a floating rate .the aggregate notional amount of the swap is $ 92 million and it matures in 2010 .the swap is classified as a fair value hedge under fas no .133 , 201caccounting for derivative instruments and hedging activities 201d ( 201cfas no .133 201d ) , and the change in the fair value of the swap , as well as the change in the fair value of the underlying note receivable , is recognized in interest income .the fair value of the swap was a $ 1 million asset at year-end 2005 , and a $ 3 million liability at year-end 2004 .the hedge is highly effective , and therefore , no net gain or loss was reported during 2005 , 2004 , and 2003 .during 2005 , we entered into two interest rate swap agreements to manage the volatil- ity of the u.s .treasury component of the interest rate risk associated with the forecasted issuance our series f senior notes and the exchange of our series c and e senior notes for new series g senior notes .both swaps were designated as cash flow hedges under fas no .133 and were terminated upon pricing of the notes .both swaps were highly effective in offsetting fluctuations in the u.s .treasury component .thus , there was no net gain or loss reported in earnings during 2005 .the total amount for these swaps was recorded in other comprehensive income and was a net loss of $ 2 million during 2005 , which will be amortized to interest expense using the interest method over the life of the notes .at year-end 2005 , we had six outstanding interest rate swap agreements to manage interest rate risk associated with the residual interests we retain in conjunction with our timeshare note sales .historically , we were required by purchasers and/or rating agen- cies to utilize interest rate swaps to protect the excess spread within our sold note pools .the aggregate notional amount of the swaps is $ 380 million , and they expire through 2022 .these swaps are not accounted for as hedges under fas no .133 .the fair value of the swaps is a net asset of $ 5 million at year-end 2005 , and a net asset of approximately $ 3 million at year-end 2004 .we recorded a $ 2 million net gain during 2005 and 2004 , and a $ 3 million net gain during 2003 .during 2005 , 2004 , and 2003 , we entered into interest rate swaps to manage interest rate risk associated with forecasted timeshare note sales .during 2005 , one swap was designated as a cash flow hedge under fas no .133 and was highly effective in offsetting interest rate fluctuations .the amount of the ineffectiveness is immaterial .the second swap entered into in 2005 did not qualify for hedge accounting .the non-qualifying swaps resulted in a loss of $ 3 million during 2005 , a gain of $ 2 million during 2004 and a loss of $ 4 million during 2003 .these amounts are included in the gains from the sales of timeshare notes receivable .during 2005 , 2004 , and 2003 , we entered into forward foreign exchange contracts to manage the foreign currency exposure related to certain monetary assets .the aggregate dollar equivalent of the notional amount of the contracts is $ 544 million at year-end 2005 .the forward exchange contracts do not qualify as hedges in accordance with fas no .133 .the fair value of the forward contracts is a liability of $ 2 million at year-end 2005 and zero at year-end 2004 .we recorded a $ 26 million gain during 2005 and a $ 3 million and $ 2 million net loss during 2004 and 2003 , respectively , relating to these forward foreign exchange contracts .the net gains and losses for all years were offset by income and losses recorded from translating the related monetary assets denominated in foreign currencies into u.s .dollars .during 2005 , 2004 , and 2003 , we entered into foreign exchange option and forward contracts to hedge the potential volatility of earnings and cash flows associated with variations in foreign exchange rates .the aggregate dollar equivalent of the notional amounts of the contracts is $ 27 million at year-end 2005 .these contracts have terms of less than one year and are classified as cash flow hedges .changes in their fair values are recorded as a component of other comprehensive income .the fair value of the option contracts is approximately zero at year-end 2005 and 2004 .during 2004 , it was deter- mined that certain derivatives were no longer effective in offsetting the hedged item .thus , cash flow hedge accounting treatment was discontinued and the ineffective con- tracts resulted in a loss of $ 1 million , which was reported in earnings for 2004 .the remaining hedges were highly effective and there was no net gain or loss reported in earnings for 2005 , 2004 , and 2003 .as of year-end 2005 , there were no deferred gains or losses on existing contracts accumulated in other comprehensive income that we expect to reclassify into earnings over the next year .during 2005 , we entered into forward foreign exchange contracts to manage currency exchange rate volatility associated with certain investments in foreign operations .one contract was designated as a hedge in the net investment of a foreign operation under fas no .133 .the hedge was highly effective and resulted in a $ 1 million net loss in the cumulative translation adjustment at year-end 2005 .certain contracts did not qualify as hedges under fas no .133 and resulted in a gain of $ 3 million for 2005 .the contracts offset the losses associated with translation adjustments for various investments in for- eign operations .the contracts have an aggregate dollar equivalent of the notional amounts of $ 229 million and a fair value of approximately zero at year-end 2005 .contingencies guarantees we issue guarantees to certain lenders and hotel owners primarily to obtain long-term management contracts .the guarantees generally have a stated maximum amount of funding and a term of five years or less .the terms of guarantees to lenders generally require us to fund if cash flows from hotel operations are inadequate to cover annual debt service or to repay the loan at the end of the term .the terms of the guarantees to hotel owners generally require us to fund if the hotels do not attain specified levels of 5 0 | m a r r i o t t i n t e r n a t i o n a l , i n c .2 0 0 5 .
Question: what is the difference between fair value and carrying amount for notes and other long-term assets in 2005?
Steps: subtract(1412, 1374)
Answer: 38.0
Question: what is the fair value of notes and other long-term assets?
| 1770.0 | 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.
fair value of financial instruments we believe that the fair values of current assets and current liabilities approximate their reported carrying amounts .the fair values of non-current financial assets , liabilities and derivatives are shown in the following table. . ( $ in millions ) | 2005 carrying amount | 2005 fair value | 2005 carrying amount | fair value
notes and other long-term assets | $ 1374 | $ 1412 | $ 1702 | $ 1770
long-term debt and other long-term liabilities | $ 1636 | $ 1685 | $ 848 | $ 875
derivative instruments | $ 6 | $ 6 | $ 2014 | $ 2014 we value notes and other receivables based on the expected future cash flows dis- counted at risk-adjusted rates .we determine valuations for long-term debt and other long-term liabilities based on quoted market prices or expected future payments dis- counted at risk-adjusted rates .derivative instruments during 2003 , we entered into an interest rate swap agreement under which we receive a floating rate of interest and pay a fixed rate of interest .the swap modifies our interest rate exposure by effectively converting a note receivable with a fixed rate to a floating rate .the aggregate notional amount of the swap is $ 92 million and it matures in 2010 .the swap is classified as a fair value hedge under fas no .133 , 201caccounting for derivative instruments and hedging activities 201d ( 201cfas no .133 201d ) , and the change in the fair value of the swap , as well as the change in the fair value of the underlying note receivable , is recognized in interest income .the fair value of the swap was a $ 1 million asset at year-end 2005 , and a $ 3 million liability at year-end 2004 .the hedge is highly effective , and therefore , no net gain or loss was reported during 2005 , 2004 , and 2003 .during 2005 , we entered into two interest rate swap agreements to manage the volatil- ity of the u.s .treasury component of the interest rate risk associated with the forecasted issuance our series f senior notes and the exchange of our series c and e senior notes for new series g senior notes .both swaps were designated as cash flow hedges under fas no .133 and were terminated upon pricing of the notes .both swaps were highly effective in offsetting fluctuations in the u.s .treasury component .thus , there was no net gain or loss reported in earnings during 2005 .the total amount for these swaps was recorded in other comprehensive income and was a net loss of $ 2 million during 2005 , which will be amortized to interest expense using the interest method over the life of the notes .at year-end 2005 , we had six outstanding interest rate swap agreements to manage interest rate risk associated with the residual interests we retain in conjunction with our timeshare note sales .historically , we were required by purchasers and/or rating agen- cies to utilize interest rate swaps to protect the excess spread within our sold note pools .the aggregate notional amount of the swaps is $ 380 million , and they expire through 2022 .these swaps are not accounted for as hedges under fas no .133 .the fair value of the swaps is a net asset of $ 5 million at year-end 2005 , and a net asset of approximately $ 3 million at year-end 2004 .we recorded a $ 2 million net gain during 2005 and 2004 , and a $ 3 million net gain during 2003 .during 2005 , 2004 , and 2003 , we entered into interest rate swaps to manage interest rate risk associated with forecasted timeshare note sales .during 2005 , one swap was designated as a cash flow hedge under fas no .133 and was highly effective in offsetting interest rate fluctuations .the amount of the ineffectiveness is immaterial .the second swap entered into in 2005 did not qualify for hedge accounting .the non-qualifying swaps resulted in a loss of $ 3 million during 2005 , a gain of $ 2 million during 2004 and a loss of $ 4 million during 2003 .these amounts are included in the gains from the sales of timeshare notes receivable .during 2005 , 2004 , and 2003 , we entered into forward foreign exchange contracts to manage the foreign currency exposure related to certain monetary assets .the aggregate dollar equivalent of the notional amount of the contracts is $ 544 million at year-end 2005 .the forward exchange contracts do not qualify as hedges in accordance with fas no .133 .the fair value of the forward contracts is a liability of $ 2 million at year-end 2005 and zero at year-end 2004 .we recorded a $ 26 million gain during 2005 and a $ 3 million and $ 2 million net loss during 2004 and 2003 , respectively , relating to these forward foreign exchange contracts .the net gains and losses for all years were offset by income and losses recorded from translating the related monetary assets denominated in foreign currencies into u.s .dollars .during 2005 , 2004 , and 2003 , we entered into foreign exchange option and forward contracts to hedge the potential volatility of earnings and cash flows associated with variations in foreign exchange rates .the aggregate dollar equivalent of the notional amounts of the contracts is $ 27 million at year-end 2005 .these contracts have terms of less than one year and are classified as cash flow hedges .changes in their fair values are recorded as a component of other comprehensive income .the fair value of the option contracts is approximately zero at year-end 2005 and 2004 .during 2004 , it was deter- mined that certain derivatives were no longer effective in offsetting the hedged item .thus , cash flow hedge accounting treatment was discontinued and the ineffective con- tracts resulted in a loss of $ 1 million , which was reported in earnings for 2004 .the remaining hedges were highly effective and there was no net gain or loss reported in earnings for 2005 , 2004 , and 2003 .as of year-end 2005 , there were no deferred gains or losses on existing contracts accumulated in other comprehensive income that we expect to reclassify into earnings over the next year .during 2005 , we entered into forward foreign exchange contracts to manage currency exchange rate volatility associated with certain investments in foreign operations .one contract was designated as a hedge in the net investment of a foreign operation under fas no .133 .the hedge was highly effective and resulted in a $ 1 million net loss in the cumulative translation adjustment at year-end 2005 .certain contracts did not qualify as hedges under fas no .133 and resulted in a gain of $ 3 million for 2005 .the contracts offset the losses associated with translation adjustments for various investments in for- eign operations .the contracts have an aggregate dollar equivalent of the notional amounts of $ 229 million and a fair value of approximately zero at year-end 2005 .contingencies guarantees we issue guarantees to certain lenders and hotel owners primarily to obtain long-term management contracts .the guarantees generally have a stated maximum amount of funding and a term of five years or less .the terms of guarantees to lenders generally require us to fund if cash flows from hotel operations are inadequate to cover annual debt service or to repay the loan at the end of the term .the terms of the guarantees to hotel owners generally require us to fund if the hotels do not attain specified levels of 5 0 | m a r r i o t t i n t e r n a t i o n a l , i n c .2 0 0 5 .
Question: what is the difference between fair value and carrying amount for notes and other long-term assets in 2005?
Steps: subtract(1412, 1374)
Answer: 38.0
Question: what is the fair value of notes and other long-term assets?
| convfinqa2367 |
fair value of financial instruments we believe that the fair values of current assets and current liabilities approximate their reported carrying amounts .the fair values of non-current financial assets , liabilities and derivatives are shown in the following table. . ( $ in millions ) | 2005 carrying amount | 2005 fair value | 2005 carrying amount | fair value
notes and other long-term assets | $ 1374 | $ 1412 | $ 1702 | $ 1770
long-term debt and other long-term liabilities | $ 1636 | $ 1685 | $ 848 | $ 875
derivative instruments | $ 6 | $ 6 | $ 2014 | $ 2014 we value notes and other receivables based on the expected future cash flows dis- counted at risk-adjusted rates .we determine valuations for long-term debt and other long-term liabilities based on quoted market prices or expected future payments dis- counted at risk-adjusted rates .derivative instruments during 2003 , we entered into an interest rate swap agreement under which we receive a floating rate of interest and pay a fixed rate of interest .the swap modifies our interest rate exposure by effectively converting a note receivable with a fixed rate to a floating rate .the aggregate notional amount of the swap is $ 92 million and it matures in 2010 .the swap is classified as a fair value hedge under fas no .133 , 201caccounting for derivative instruments and hedging activities 201d ( 201cfas no .133 201d ) , and the change in the fair value of the swap , as well as the change in the fair value of the underlying note receivable , is recognized in interest income .the fair value of the swap was a $ 1 million asset at year-end 2005 , and a $ 3 million liability at year-end 2004 .the hedge is highly effective , and therefore , no net gain or loss was reported during 2005 , 2004 , and 2003 .during 2005 , we entered into two interest rate swap agreements to manage the volatil- ity of the u.s .treasury component of the interest rate risk associated with the forecasted issuance our series f senior notes and the exchange of our series c and e senior notes for new series g senior notes .both swaps were designated as cash flow hedges under fas no .133 and were terminated upon pricing of the notes .both swaps were highly effective in offsetting fluctuations in the u.s .treasury component .thus , there was no net gain or loss reported in earnings during 2005 .the total amount for these swaps was recorded in other comprehensive income and was a net loss of $ 2 million during 2005 , which will be amortized to interest expense using the interest method over the life of the notes .at year-end 2005 , we had six outstanding interest rate swap agreements to manage interest rate risk associated with the residual interests we retain in conjunction with our timeshare note sales .historically , we were required by purchasers and/or rating agen- cies to utilize interest rate swaps to protect the excess spread within our sold note pools .the aggregate notional amount of the swaps is $ 380 million , and they expire through 2022 .these swaps are not accounted for as hedges under fas no .133 .the fair value of the swaps is a net asset of $ 5 million at year-end 2005 , and a net asset of approximately $ 3 million at year-end 2004 .we recorded a $ 2 million net gain during 2005 and 2004 , and a $ 3 million net gain during 2003 .during 2005 , 2004 , and 2003 , we entered into interest rate swaps to manage interest rate risk associated with forecasted timeshare note sales .during 2005 , one swap was designated as a cash flow hedge under fas no .133 and was highly effective in offsetting interest rate fluctuations .the amount of the ineffectiveness is immaterial .the second swap entered into in 2005 did not qualify for hedge accounting .the non-qualifying swaps resulted in a loss of $ 3 million during 2005 , a gain of $ 2 million during 2004 and a loss of $ 4 million during 2003 .these amounts are included in the gains from the sales of timeshare notes receivable .during 2005 , 2004 , and 2003 , we entered into forward foreign exchange contracts to manage the foreign currency exposure related to certain monetary assets .the aggregate dollar equivalent of the notional amount of the contracts is $ 544 million at year-end 2005 .the forward exchange contracts do not qualify as hedges in accordance with fas no .133 .the fair value of the forward contracts is a liability of $ 2 million at year-end 2005 and zero at year-end 2004 .we recorded a $ 26 million gain during 2005 and a $ 3 million and $ 2 million net loss during 2004 and 2003 , respectively , relating to these forward foreign exchange contracts .the net gains and losses for all years were offset by income and losses recorded from translating the related monetary assets denominated in foreign currencies into u.s .dollars .during 2005 , 2004 , and 2003 , we entered into foreign exchange option and forward contracts to hedge the potential volatility of earnings and cash flows associated with variations in foreign exchange rates .the aggregate dollar equivalent of the notional amounts of the contracts is $ 27 million at year-end 2005 .these contracts have terms of less than one year and are classified as cash flow hedges .changes in their fair values are recorded as a component of other comprehensive income .the fair value of the option contracts is approximately zero at year-end 2005 and 2004 .during 2004 , it was deter- mined that certain derivatives were no longer effective in offsetting the hedged item .thus , cash flow hedge accounting treatment was discontinued and the ineffective con- tracts resulted in a loss of $ 1 million , which was reported in earnings for 2004 .the remaining hedges were highly effective and there was no net gain or loss reported in earnings for 2005 , 2004 , and 2003 .as of year-end 2005 , there were no deferred gains or losses on existing contracts accumulated in other comprehensive income that we expect to reclassify into earnings over the next year .during 2005 , we entered into forward foreign exchange contracts to manage currency exchange rate volatility associated with certain investments in foreign operations .one contract was designated as a hedge in the net investment of a foreign operation under fas no .133 .the hedge was highly effective and resulted in a $ 1 million net loss in the cumulative translation adjustment at year-end 2005 .certain contracts did not qualify as hedges under fas no .133 and resulted in a gain of $ 3 million for 2005 .the contracts offset the losses associated with translation adjustments for various investments in for- eign operations .the contracts have an aggregate dollar equivalent of the notional amounts of $ 229 million and a fair value of approximately zero at year-end 2005 .contingencies guarantees we issue guarantees to certain lenders and hotel owners primarily to obtain long-term management contracts .the guarantees generally have a stated maximum amount of funding and a term of five years or less .the terms of guarantees to lenders generally require us to fund if cash flows from hotel operations are inadequate to cover annual debt service or to repay the loan at the end of the term .the terms of the guarantees to hotel owners generally require us to fund if the hotels do not attain specified levels of 5 0 | m a r r i o t t i n t e r n a t i o n a l , i n c .2 0 0 5 .
Question: what is the difference between fair value and carrying amount for notes and other long-term assets in 2005?
Steps: subtract(1412, 1374)
Answer: 38.0
Question: what is the fair value of notes and other long-term assets?
Steps: Ask for number 1770
Answer: 1770.0
Question: what about the carrying amount of notes and other long-term assets?
| 1702.0 | 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.
fair value of financial instruments we believe that the fair values of current assets and current liabilities approximate their reported carrying amounts .the fair values of non-current financial assets , liabilities and derivatives are shown in the following table. . ( $ in millions ) | 2005 carrying amount | 2005 fair value | 2005 carrying amount | fair value
notes and other long-term assets | $ 1374 | $ 1412 | $ 1702 | $ 1770
long-term debt and other long-term liabilities | $ 1636 | $ 1685 | $ 848 | $ 875
derivative instruments | $ 6 | $ 6 | $ 2014 | $ 2014 we value notes and other receivables based on the expected future cash flows dis- counted at risk-adjusted rates .we determine valuations for long-term debt and other long-term liabilities based on quoted market prices or expected future payments dis- counted at risk-adjusted rates .derivative instruments during 2003 , we entered into an interest rate swap agreement under which we receive a floating rate of interest and pay a fixed rate of interest .the swap modifies our interest rate exposure by effectively converting a note receivable with a fixed rate to a floating rate .the aggregate notional amount of the swap is $ 92 million and it matures in 2010 .the swap is classified as a fair value hedge under fas no .133 , 201caccounting for derivative instruments and hedging activities 201d ( 201cfas no .133 201d ) , and the change in the fair value of the swap , as well as the change in the fair value of the underlying note receivable , is recognized in interest income .the fair value of the swap was a $ 1 million asset at year-end 2005 , and a $ 3 million liability at year-end 2004 .the hedge is highly effective , and therefore , no net gain or loss was reported during 2005 , 2004 , and 2003 .during 2005 , we entered into two interest rate swap agreements to manage the volatil- ity of the u.s .treasury component of the interest rate risk associated with the forecasted issuance our series f senior notes and the exchange of our series c and e senior notes for new series g senior notes .both swaps were designated as cash flow hedges under fas no .133 and were terminated upon pricing of the notes .both swaps were highly effective in offsetting fluctuations in the u.s .treasury component .thus , there was no net gain or loss reported in earnings during 2005 .the total amount for these swaps was recorded in other comprehensive income and was a net loss of $ 2 million during 2005 , which will be amortized to interest expense using the interest method over the life of the notes .at year-end 2005 , we had six outstanding interest rate swap agreements to manage interest rate risk associated with the residual interests we retain in conjunction with our timeshare note sales .historically , we were required by purchasers and/or rating agen- cies to utilize interest rate swaps to protect the excess spread within our sold note pools .the aggregate notional amount of the swaps is $ 380 million , and they expire through 2022 .these swaps are not accounted for as hedges under fas no .133 .the fair value of the swaps is a net asset of $ 5 million at year-end 2005 , and a net asset of approximately $ 3 million at year-end 2004 .we recorded a $ 2 million net gain during 2005 and 2004 , and a $ 3 million net gain during 2003 .during 2005 , 2004 , and 2003 , we entered into interest rate swaps to manage interest rate risk associated with forecasted timeshare note sales .during 2005 , one swap was designated as a cash flow hedge under fas no .133 and was highly effective in offsetting interest rate fluctuations .the amount of the ineffectiveness is immaterial .the second swap entered into in 2005 did not qualify for hedge accounting .the non-qualifying swaps resulted in a loss of $ 3 million during 2005 , a gain of $ 2 million during 2004 and a loss of $ 4 million during 2003 .these amounts are included in the gains from the sales of timeshare notes receivable .during 2005 , 2004 , and 2003 , we entered into forward foreign exchange contracts to manage the foreign currency exposure related to certain monetary assets .the aggregate dollar equivalent of the notional amount of the contracts is $ 544 million at year-end 2005 .the forward exchange contracts do not qualify as hedges in accordance with fas no .133 .the fair value of the forward contracts is a liability of $ 2 million at year-end 2005 and zero at year-end 2004 .we recorded a $ 26 million gain during 2005 and a $ 3 million and $ 2 million net loss during 2004 and 2003 , respectively , relating to these forward foreign exchange contracts .the net gains and losses for all years were offset by income and losses recorded from translating the related monetary assets denominated in foreign currencies into u.s .dollars .during 2005 , 2004 , and 2003 , we entered into foreign exchange option and forward contracts to hedge the potential volatility of earnings and cash flows associated with variations in foreign exchange rates .the aggregate dollar equivalent of the notional amounts of the contracts is $ 27 million at year-end 2005 .these contracts have terms of less than one year and are classified as cash flow hedges .changes in their fair values are recorded as a component of other comprehensive income .the fair value of the option contracts is approximately zero at year-end 2005 and 2004 .during 2004 , it was deter- mined that certain derivatives were no longer effective in offsetting the hedged item .thus , cash flow hedge accounting treatment was discontinued and the ineffective con- tracts resulted in a loss of $ 1 million , which was reported in earnings for 2004 .the remaining hedges were highly effective and there was no net gain or loss reported in earnings for 2005 , 2004 , and 2003 .as of year-end 2005 , there were no deferred gains or losses on existing contracts accumulated in other comprehensive income that we expect to reclassify into earnings over the next year .during 2005 , we entered into forward foreign exchange contracts to manage currency exchange rate volatility associated with certain investments in foreign operations .one contract was designated as a hedge in the net investment of a foreign operation under fas no .133 .the hedge was highly effective and resulted in a $ 1 million net loss in the cumulative translation adjustment at year-end 2005 .certain contracts did not qualify as hedges under fas no .133 and resulted in a gain of $ 3 million for 2005 .the contracts offset the losses associated with translation adjustments for various investments in for- eign operations .the contracts have an aggregate dollar equivalent of the notional amounts of $ 229 million and a fair value of approximately zero at year-end 2005 .contingencies guarantees we issue guarantees to certain lenders and hotel owners primarily to obtain long-term management contracts .the guarantees generally have a stated maximum amount of funding and a term of five years or less .the terms of guarantees to lenders generally require us to fund if cash flows from hotel operations are inadequate to cover annual debt service or to repay the loan at the end of the term .the terms of the guarantees to hotel owners generally require us to fund if the hotels do not attain specified levels of 5 0 | m a r r i o t t i n t e r n a t i o n a l , i n c .2 0 0 5 .
Question: what is the difference between fair value and carrying amount for notes and other long-term assets in 2005?
Steps: subtract(1412, 1374)
Answer: 38.0
Question: what is the fair value of notes and other long-term assets?
Steps: Ask for number 1770
Answer: 1770.0
Question: what about the carrying amount of notes and other long-term assets?
| convfinqa2368 |
fair value of financial instruments we believe that the fair values of current assets and current liabilities approximate their reported carrying amounts .the fair values of non-current financial assets , liabilities and derivatives are shown in the following table. . ( $ in millions ) | 2005 carrying amount | 2005 fair value | 2005 carrying amount | fair value
notes and other long-term assets | $ 1374 | $ 1412 | $ 1702 | $ 1770
long-term debt and other long-term liabilities | $ 1636 | $ 1685 | $ 848 | $ 875
derivative instruments | $ 6 | $ 6 | $ 2014 | $ 2014 we value notes and other receivables based on the expected future cash flows dis- counted at risk-adjusted rates .we determine valuations for long-term debt and other long-term liabilities based on quoted market prices or expected future payments dis- counted at risk-adjusted rates .derivative instruments during 2003 , we entered into an interest rate swap agreement under which we receive a floating rate of interest and pay a fixed rate of interest .the swap modifies our interest rate exposure by effectively converting a note receivable with a fixed rate to a floating rate .the aggregate notional amount of the swap is $ 92 million and it matures in 2010 .the swap is classified as a fair value hedge under fas no .133 , 201caccounting for derivative instruments and hedging activities 201d ( 201cfas no .133 201d ) , and the change in the fair value of the swap , as well as the change in the fair value of the underlying note receivable , is recognized in interest income .the fair value of the swap was a $ 1 million asset at year-end 2005 , and a $ 3 million liability at year-end 2004 .the hedge is highly effective , and therefore , no net gain or loss was reported during 2005 , 2004 , and 2003 .during 2005 , we entered into two interest rate swap agreements to manage the volatil- ity of the u.s .treasury component of the interest rate risk associated with the forecasted issuance our series f senior notes and the exchange of our series c and e senior notes for new series g senior notes .both swaps were designated as cash flow hedges under fas no .133 and were terminated upon pricing of the notes .both swaps were highly effective in offsetting fluctuations in the u.s .treasury component .thus , there was no net gain or loss reported in earnings during 2005 .the total amount for these swaps was recorded in other comprehensive income and was a net loss of $ 2 million during 2005 , which will be amortized to interest expense using the interest method over the life of the notes .at year-end 2005 , we had six outstanding interest rate swap agreements to manage interest rate risk associated with the residual interests we retain in conjunction with our timeshare note sales .historically , we were required by purchasers and/or rating agen- cies to utilize interest rate swaps to protect the excess spread within our sold note pools .the aggregate notional amount of the swaps is $ 380 million , and they expire through 2022 .these swaps are not accounted for as hedges under fas no .133 .the fair value of the swaps is a net asset of $ 5 million at year-end 2005 , and a net asset of approximately $ 3 million at year-end 2004 .we recorded a $ 2 million net gain during 2005 and 2004 , and a $ 3 million net gain during 2003 .during 2005 , 2004 , and 2003 , we entered into interest rate swaps to manage interest rate risk associated with forecasted timeshare note sales .during 2005 , one swap was designated as a cash flow hedge under fas no .133 and was highly effective in offsetting interest rate fluctuations .the amount of the ineffectiveness is immaterial .the second swap entered into in 2005 did not qualify for hedge accounting .the non-qualifying swaps resulted in a loss of $ 3 million during 2005 , a gain of $ 2 million during 2004 and a loss of $ 4 million during 2003 .these amounts are included in the gains from the sales of timeshare notes receivable .during 2005 , 2004 , and 2003 , we entered into forward foreign exchange contracts to manage the foreign currency exposure related to certain monetary assets .the aggregate dollar equivalent of the notional amount of the contracts is $ 544 million at year-end 2005 .the forward exchange contracts do not qualify as hedges in accordance with fas no .133 .the fair value of the forward contracts is a liability of $ 2 million at year-end 2005 and zero at year-end 2004 .we recorded a $ 26 million gain during 2005 and a $ 3 million and $ 2 million net loss during 2004 and 2003 , respectively , relating to these forward foreign exchange contracts .the net gains and losses for all years were offset by income and losses recorded from translating the related monetary assets denominated in foreign currencies into u.s .dollars .during 2005 , 2004 , and 2003 , we entered into foreign exchange option and forward contracts to hedge the potential volatility of earnings and cash flows associated with variations in foreign exchange rates .the aggregate dollar equivalent of the notional amounts of the contracts is $ 27 million at year-end 2005 .these contracts have terms of less than one year and are classified as cash flow hedges .changes in their fair values are recorded as a component of other comprehensive income .the fair value of the option contracts is approximately zero at year-end 2005 and 2004 .during 2004 , it was deter- mined that certain derivatives were no longer effective in offsetting the hedged item .thus , cash flow hedge accounting treatment was discontinued and the ineffective con- tracts resulted in a loss of $ 1 million , which was reported in earnings for 2004 .the remaining hedges were highly effective and there was no net gain or loss reported in earnings for 2005 , 2004 , and 2003 .as of year-end 2005 , there were no deferred gains or losses on existing contracts accumulated in other comprehensive income that we expect to reclassify into earnings over the next year .during 2005 , we entered into forward foreign exchange contracts to manage currency exchange rate volatility associated with certain investments in foreign operations .one contract was designated as a hedge in the net investment of a foreign operation under fas no .133 .the hedge was highly effective and resulted in a $ 1 million net loss in the cumulative translation adjustment at year-end 2005 .certain contracts did not qualify as hedges under fas no .133 and resulted in a gain of $ 3 million for 2005 .the contracts offset the losses associated with translation adjustments for various investments in for- eign operations .the contracts have an aggregate dollar equivalent of the notional amounts of $ 229 million and a fair value of approximately zero at year-end 2005 .contingencies guarantees we issue guarantees to certain lenders and hotel owners primarily to obtain long-term management contracts .the guarantees generally have a stated maximum amount of funding and a term of five years or less .the terms of guarantees to lenders generally require us to fund if cash flows from hotel operations are inadequate to cover annual debt service or to repay the loan at the end of the term .the terms of the guarantees to hotel owners generally require us to fund if the hotels do not attain specified levels of 5 0 | m a r r i o t t i n t e r n a t i o n a l , i n c .2 0 0 5 .
Question: what is the difference between fair value and carrying amount for notes and other long-term assets in 2005?
Steps: subtract(1412, 1374)
Answer: 38.0
Question: what is the fair value of notes and other long-term assets?
Steps: Ask for number 1770
Answer: 1770.0
Question: what about the carrying amount of notes and other long-term assets?
Steps: Ask for number 1702
Answer: 1702.0
Question: what is the difference?
| 68.0 | 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.
fair value of financial instruments we believe that the fair values of current assets and current liabilities approximate their reported carrying amounts .the fair values of non-current financial assets , liabilities and derivatives are shown in the following table. . ( $ in millions ) | 2005 carrying amount | 2005 fair value | 2005 carrying amount | fair value
notes and other long-term assets | $ 1374 | $ 1412 | $ 1702 | $ 1770
long-term debt and other long-term liabilities | $ 1636 | $ 1685 | $ 848 | $ 875
derivative instruments | $ 6 | $ 6 | $ 2014 | $ 2014 we value notes and other receivables based on the expected future cash flows dis- counted at risk-adjusted rates .we determine valuations for long-term debt and other long-term liabilities based on quoted market prices or expected future payments dis- counted at risk-adjusted rates .derivative instruments during 2003 , we entered into an interest rate swap agreement under which we receive a floating rate of interest and pay a fixed rate of interest .the swap modifies our interest rate exposure by effectively converting a note receivable with a fixed rate to a floating rate .the aggregate notional amount of the swap is $ 92 million and it matures in 2010 .the swap is classified as a fair value hedge under fas no .133 , 201caccounting for derivative instruments and hedging activities 201d ( 201cfas no .133 201d ) , and the change in the fair value of the swap , as well as the change in the fair value of the underlying note receivable , is recognized in interest income .the fair value of the swap was a $ 1 million asset at year-end 2005 , and a $ 3 million liability at year-end 2004 .the hedge is highly effective , and therefore , no net gain or loss was reported during 2005 , 2004 , and 2003 .during 2005 , we entered into two interest rate swap agreements to manage the volatil- ity of the u.s .treasury component of the interest rate risk associated with the forecasted issuance our series f senior notes and the exchange of our series c and e senior notes for new series g senior notes .both swaps were designated as cash flow hedges under fas no .133 and were terminated upon pricing of the notes .both swaps were highly effective in offsetting fluctuations in the u.s .treasury component .thus , there was no net gain or loss reported in earnings during 2005 .the total amount for these swaps was recorded in other comprehensive income and was a net loss of $ 2 million during 2005 , which will be amortized to interest expense using the interest method over the life of the notes .at year-end 2005 , we had six outstanding interest rate swap agreements to manage interest rate risk associated with the residual interests we retain in conjunction with our timeshare note sales .historically , we were required by purchasers and/or rating agen- cies to utilize interest rate swaps to protect the excess spread within our sold note pools .the aggregate notional amount of the swaps is $ 380 million , and they expire through 2022 .these swaps are not accounted for as hedges under fas no .133 .the fair value of the swaps is a net asset of $ 5 million at year-end 2005 , and a net asset of approximately $ 3 million at year-end 2004 .we recorded a $ 2 million net gain during 2005 and 2004 , and a $ 3 million net gain during 2003 .during 2005 , 2004 , and 2003 , we entered into interest rate swaps to manage interest rate risk associated with forecasted timeshare note sales .during 2005 , one swap was designated as a cash flow hedge under fas no .133 and was highly effective in offsetting interest rate fluctuations .the amount of the ineffectiveness is immaterial .the second swap entered into in 2005 did not qualify for hedge accounting .the non-qualifying swaps resulted in a loss of $ 3 million during 2005 , a gain of $ 2 million during 2004 and a loss of $ 4 million during 2003 .these amounts are included in the gains from the sales of timeshare notes receivable .during 2005 , 2004 , and 2003 , we entered into forward foreign exchange contracts to manage the foreign currency exposure related to certain monetary assets .the aggregate dollar equivalent of the notional amount of the contracts is $ 544 million at year-end 2005 .the forward exchange contracts do not qualify as hedges in accordance with fas no .133 .the fair value of the forward contracts is a liability of $ 2 million at year-end 2005 and zero at year-end 2004 .we recorded a $ 26 million gain during 2005 and a $ 3 million and $ 2 million net loss during 2004 and 2003 , respectively , relating to these forward foreign exchange contracts .the net gains and losses for all years were offset by income and losses recorded from translating the related monetary assets denominated in foreign currencies into u.s .dollars .during 2005 , 2004 , and 2003 , we entered into foreign exchange option and forward contracts to hedge the potential volatility of earnings and cash flows associated with variations in foreign exchange rates .the aggregate dollar equivalent of the notional amounts of the contracts is $ 27 million at year-end 2005 .these contracts have terms of less than one year and are classified as cash flow hedges .changes in their fair values are recorded as a component of other comprehensive income .the fair value of the option contracts is approximately zero at year-end 2005 and 2004 .during 2004 , it was deter- mined that certain derivatives were no longer effective in offsetting the hedged item .thus , cash flow hedge accounting treatment was discontinued and the ineffective con- tracts resulted in a loss of $ 1 million , which was reported in earnings for 2004 .the remaining hedges were highly effective and there was no net gain or loss reported in earnings for 2005 , 2004 , and 2003 .as of year-end 2005 , there were no deferred gains or losses on existing contracts accumulated in other comprehensive income that we expect to reclassify into earnings over the next year .during 2005 , we entered into forward foreign exchange contracts to manage currency exchange rate volatility associated with certain investments in foreign operations .one contract was designated as a hedge in the net investment of a foreign operation under fas no .133 .the hedge was highly effective and resulted in a $ 1 million net loss in the cumulative translation adjustment at year-end 2005 .certain contracts did not qualify as hedges under fas no .133 and resulted in a gain of $ 3 million for 2005 .the contracts offset the losses associated with translation adjustments for various investments in for- eign operations .the contracts have an aggregate dollar equivalent of the notional amounts of $ 229 million and a fair value of approximately zero at year-end 2005 .contingencies guarantees we issue guarantees to certain lenders and hotel owners primarily to obtain long-term management contracts .the guarantees generally have a stated maximum amount of funding and a term of five years or less .the terms of guarantees to lenders generally require us to fund if cash flows from hotel operations are inadequate to cover annual debt service or to repay the loan at the end of the term .the terms of the guarantees to hotel owners generally require us to fund if the hotels do not attain specified levels of 5 0 | m a r r i o t t i n t e r n a t i o n a l , i n c .2 0 0 5 .
Question: what is the difference between fair value and carrying amount for notes and other long-term assets in 2005?
Steps: subtract(1412, 1374)
Answer: 38.0
Question: what is the fair value of notes and other long-term assets?
Steps: Ask for number 1770
Answer: 1770.0
Question: what about the carrying amount of notes and other long-term assets?
Steps: Ask for number 1702
Answer: 1702.0
Question: what is the difference?
| convfinqa2369 |
the weighted average grant date fair value of performance-based restricted stock units granted during the years 2008 and 2007 was $ 84.33 and $ 71.72 , respectively .the total fair value of performance-based restricted stock units vested during 2009 , 2008 and 2007 was $ 33712 , $ 49387 and $ 9181 , respectively .at september 30 , 2009 , the weighted average remaining vesting term of performance-based restricted stock units is 1.28 years .time-vested restricted stock units time-vested restricted stock units generally cliff vest three years after the date of grant , except for certain key executives of the company , including the executive officers , for which such units generally vest one year following the employee 2019s retirement .the related share-based compensation expense is recorded over the requisite service period , which is the vesting period or in the case of certain key executives is based on retirement eligibility .the fair value of all time-vested restricted stock units is based on the market value of the company 2019s stock on the date of grant .a summary of time-vested restricted stock units outstanding as of september 30 , 2009 , and changes during the year then ended is as follows : weighted average grant date fair value . | stock units | weighted average grant date fair value
balance at october 1 | 1570329 | $ 69.35
granted | 618679 | 62.96
distributed | -316839 ( 316839 ) | 60.32
forfeited or canceled | -165211 ( 165211 ) | 62.58
balance at september 30 | 1706958 | $ 69.36
expected to vest at september 30 | 1536262 | $ 69.36 the weighted average grant date fair value of time-vested restricted stock units granted during the years 2008 and 2007 was $ 84.42 and $ 72.20 , respectively .the total fair value of time-vested restricted stock units vested during 2009 , 2008 and 2007 was $ 29535 , $ 26674 and $ 3392 , respectively .at september 30 , 2009 , the weighted average remaining vesting term of the time-vested restricted stock units is 1.71 years .the amount of unrecognized compensation expense for all non-vested share-based awards as of september 30 , 2009 , is approximately $ 97034 , which is expected to be recognized over a weighted-average remaining life of approximately 2.02 years .at september 30 , 2009 , 4295402 shares were authorized for future grants under the 2004 plan .the company has a policy of satisfying share-based payments through either open market purchases or shares held in treasury .at september 30 , 2009 , the company has sufficient shares held in treasury to satisfy these payments in 2010 .other stock plans the company has a stock award plan , which allows for grants of common shares to certain key employees .distribution of 25% ( 25 % ) or more of each award is deferred until after retirement or involuntary termination , upon which the deferred portion of the award is distributable in five equal annual installments .the balance of the award is distributable over five years from the grant date , subject to certain conditions .in february 2004 , this plan was terminated with respect to future grants upon the adoption of the 2004 plan .at september 30 , 2009 and 2008 , awards for 114197 and 161145 shares , respectively , were outstanding .becton , dickinson and company notes to consolidated financial statements 2014 ( continued ) .
Question: what is the positive sum of distributed and forfeited or canceled shares in 2009?
| 482050.0 | 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 weighted average grant date fair value of performance-based restricted stock units granted during the years 2008 and 2007 was $ 84.33 and $ 71.72 , respectively .the total fair value of performance-based restricted stock units vested during 2009 , 2008 and 2007 was $ 33712 , $ 49387 and $ 9181 , respectively .at september 30 , 2009 , the weighted average remaining vesting term of performance-based restricted stock units is 1.28 years .time-vested restricted stock units time-vested restricted stock units generally cliff vest three years after the date of grant , except for certain key executives of the company , including the executive officers , for which such units generally vest one year following the employee 2019s retirement .the related share-based compensation expense is recorded over the requisite service period , which is the vesting period or in the case of certain key executives is based on retirement eligibility .the fair value of all time-vested restricted stock units is based on the market value of the company 2019s stock on the date of grant .a summary of time-vested restricted stock units outstanding as of september 30 , 2009 , and changes during the year then ended is as follows : weighted average grant date fair value . | stock units | weighted average grant date fair value
balance at october 1 | 1570329 | $ 69.35
granted | 618679 | 62.96
distributed | -316839 ( 316839 ) | 60.32
forfeited or canceled | -165211 ( 165211 ) | 62.58
balance at september 30 | 1706958 | $ 69.36
expected to vest at september 30 | 1536262 | $ 69.36 the weighted average grant date fair value of time-vested restricted stock units granted during the years 2008 and 2007 was $ 84.42 and $ 72.20 , respectively .the total fair value of time-vested restricted stock units vested during 2009 , 2008 and 2007 was $ 29535 , $ 26674 and $ 3392 , respectively .at september 30 , 2009 , the weighted average remaining vesting term of the time-vested restricted stock units is 1.71 years .the amount of unrecognized compensation expense for all non-vested share-based awards as of september 30 , 2009 , is approximately $ 97034 , which is expected to be recognized over a weighted-average remaining life of approximately 2.02 years .at september 30 , 2009 , 4295402 shares were authorized for future grants under the 2004 plan .the company has a policy of satisfying share-based payments through either open market purchases or shares held in treasury .at september 30 , 2009 , the company has sufficient shares held in treasury to satisfy these payments in 2010 .other stock plans the company has a stock award plan , which allows for grants of common shares to certain key employees .distribution of 25% ( 25 % ) or more of each award is deferred until after retirement or involuntary termination , upon which the deferred portion of the award is distributable in five equal annual installments .the balance of the award is distributable over five years from the grant date , subject to certain conditions .in february 2004 , this plan was terminated with respect to future grants upon the adoption of the 2004 plan .at september 30 , 2009 and 2008 , awards for 114197 and 161145 shares , respectively , were outstanding .becton , dickinson and company notes to consolidated financial statements 2014 ( continued ) .
Question: what is the positive sum of distributed and forfeited or canceled shares in 2009?
| convfinqa2370 |
the weighted average grant date fair value of performance-based restricted stock units granted during the years 2008 and 2007 was $ 84.33 and $ 71.72 , respectively .the total fair value of performance-based restricted stock units vested during 2009 , 2008 and 2007 was $ 33712 , $ 49387 and $ 9181 , respectively .at september 30 , 2009 , the weighted average remaining vesting term of performance-based restricted stock units is 1.28 years .time-vested restricted stock units time-vested restricted stock units generally cliff vest three years after the date of grant , except for certain key executives of the company , including the executive officers , for which such units generally vest one year following the employee 2019s retirement .the related share-based compensation expense is recorded over the requisite service period , which is the vesting period or in the case of certain key executives is based on retirement eligibility .the fair value of all time-vested restricted stock units is based on the market value of the company 2019s stock on the date of grant .a summary of time-vested restricted stock units outstanding as of september 30 , 2009 , and changes during the year then ended is as follows : weighted average grant date fair value . | stock units | weighted average grant date fair value
balance at october 1 | 1570329 | $ 69.35
granted | 618679 | 62.96
distributed | -316839 ( 316839 ) | 60.32
forfeited or canceled | -165211 ( 165211 ) | 62.58
balance at september 30 | 1706958 | $ 69.36
expected to vest at september 30 | 1536262 | $ 69.36 the weighted average grant date fair value of time-vested restricted stock units granted during the years 2008 and 2007 was $ 84.42 and $ 72.20 , respectively .the total fair value of time-vested restricted stock units vested during 2009 , 2008 and 2007 was $ 29535 , $ 26674 and $ 3392 , respectively .at september 30 , 2009 , the weighted average remaining vesting term of the time-vested restricted stock units is 1.71 years .the amount of unrecognized compensation expense for all non-vested share-based awards as of september 30 , 2009 , is approximately $ 97034 , which is expected to be recognized over a weighted-average remaining life of approximately 2.02 years .at september 30 , 2009 , 4295402 shares were authorized for future grants under the 2004 plan .the company has a policy of satisfying share-based payments through either open market purchases or shares held in treasury .at september 30 , 2009 , the company has sufficient shares held in treasury to satisfy these payments in 2010 .other stock plans the company has a stock award plan , which allows for grants of common shares to certain key employees .distribution of 25% ( 25 % ) or more of each award is deferred until after retirement or involuntary termination , upon which the deferred portion of the award is distributable in five equal annual installments .the balance of the award is distributable over five years from the grant date , subject to certain conditions .in february 2004 , this plan was terminated with respect to future grants upon the adoption of the 2004 plan .at september 30 , 2009 and 2008 , awards for 114197 and 161145 shares , respectively , were outstanding .becton , dickinson and company notes to consolidated financial statements 2014 ( continued ) .
Question: what is the positive sum of distributed and forfeited or canceled shares in 2009?
Steps: add(165211, 316839)
Answer: 482050.0
Question: what is the ratio of granted shares to this sum?
| 1.28343 | Read the following texts and table with financial data from an S&P 500 earnings report 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 weighted average grant date fair value of performance-based restricted stock units granted during the years 2008 and 2007 was $ 84.33 and $ 71.72 , respectively .the total fair value of performance-based restricted stock units vested during 2009 , 2008 and 2007 was $ 33712 , $ 49387 and $ 9181 , respectively .at september 30 , 2009 , the weighted average remaining vesting term of performance-based restricted stock units is 1.28 years .time-vested restricted stock units time-vested restricted stock units generally cliff vest three years after the date of grant , except for certain key executives of the company , including the executive officers , for which such units generally vest one year following the employee 2019s retirement .the related share-based compensation expense is recorded over the requisite service period , which is the vesting period or in the case of certain key executives is based on retirement eligibility .the fair value of all time-vested restricted stock units is based on the market value of the company 2019s stock on the date of grant .a summary of time-vested restricted stock units outstanding as of september 30 , 2009 , and changes during the year then ended is as follows : weighted average grant date fair value . | stock units | weighted average grant date fair value
balance at october 1 | 1570329 | $ 69.35
granted | 618679 | 62.96
distributed | -316839 ( 316839 ) | 60.32
forfeited or canceled | -165211 ( 165211 ) | 62.58
balance at september 30 | 1706958 | $ 69.36
expected to vest at september 30 | 1536262 | $ 69.36 the weighted average grant date fair value of time-vested restricted stock units granted during the years 2008 and 2007 was $ 84.42 and $ 72.20 , respectively .the total fair value of time-vested restricted stock units vested during 2009 , 2008 and 2007 was $ 29535 , $ 26674 and $ 3392 , respectively .at september 30 , 2009 , the weighted average remaining vesting term of the time-vested restricted stock units is 1.71 years .the amount of unrecognized compensation expense for all non-vested share-based awards as of september 30 , 2009 , is approximately $ 97034 , which is expected to be recognized over a weighted-average remaining life of approximately 2.02 years .at september 30 , 2009 , 4295402 shares were authorized for future grants under the 2004 plan .the company has a policy of satisfying share-based payments through either open market purchases or shares held in treasury .at september 30 , 2009 , the company has sufficient shares held in treasury to satisfy these payments in 2010 .other stock plans the company has a stock award plan , which allows for grants of common shares to certain key employees .distribution of 25% ( 25 % ) or more of each award is deferred until after retirement or involuntary termination , upon which the deferred portion of the award is distributable in five equal annual installments .the balance of the award is distributable over five years from the grant date , subject to certain conditions .in february 2004 , this plan was terminated with respect to future grants upon the adoption of the 2004 plan .at september 30 , 2009 and 2008 , awards for 114197 and 161145 shares , respectively , were outstanding .becton , dickinson and company notes to consolidated financial statements 2014 ( continued ) .
Question: what is the positive sum of distributed and forfeited or canceled shares in 2009?
Steps: add(165211, 316839)
Answer: 482050.0
Question: what is the ratio of granted shares to this sum?
| convfinqa2371 |
we monitor the status of the capital markets and regularly evaluate the effect that changes in capital market conditions may have on our ability to execute our announced growth plans and fund our liquidity needs .we expect to continue meeting part of our financing and liquidity needs primarily through commercial paper borrowings , issuances of senior notes , and access to long-term committed credit facilities .if conditions in the lodging industry deteriorate , or if disruptions in the capital markets take place as they did in the immediate aftermath of both the 2008 worldwide financial crisis and the events of september 11 , 2001 , we may be unable to place some or all of our commercial paper on a temporary or extended basis and may have to rely more on borrowings under the credit facility , which we believe will be adequate to fund our liquidity needs , including repayment of debt obligations , but which may carry a higher cost than commercial paper .since we continue to have ample flexibility under the credit facility 2019s covenants , we expect that undrawn bank commitments under the credit facility will remain available to us even if business conditions were to deteriorate markedly .cash from operations cash from operations and non-cash items for the last three fiscal years are as follows: . ( $ in millions ) | 2018 | 2017 | 2016
cash from operations | $ 2357 | $ 2227 | $ 1619
non-cash items ( 1 ) | 287 | 1397 | 514 non-cash items ( 1 ) 287 1397 514 ( 1 ) includes depreciation , amortization , share-based compensation , deferred income taxes , and contract investment amortization .our ratio of current assets to current liabilities was 0.4 to 1.0 at year-end 2018 and 0.5 to 1.0 at year-end 2017 .we minimize working capital through cash management , strict credit-granting policies , and aggressive collection efforts .we also have significant borrowing capacity under our credit facility should we need additional working capital .investing activities cash flows acquisition of a business , net of cash acquired .cash outflows of $ 2392 million in 2016 were due to the starwood combination .see footnote 3 .dispositions and acquisitions for more information .capital expenditures and other investments .we made capital expenditures of $ 556 million in 2018 , $ 240 million in 2017 , and $ 199 million in 2016 .capital expenditures in 2018 increased by $ 316 million compared to 2017 , primarily reflecting the acquisition of the sheraton grand phoenix , improvements to our worldwide systems , and net higher spending on several owned properties .capital expenditures in 2017 increased by $ 41 million compared to 2016 , primarily due to improvements to our worldwide systems and improvements to hotels acquired in the starwood combination .we expect spending on capital expenditures and other investments will total approximately $ 500 million to $ 700 million for 2019 , including acquisitions , loan advances , equity and other investments , contract acquisition costs , and various capital expenditures ( including approximately $ 225 million for maintenance capital spending ) .over time , we have sold lodging properties , both completed and under development , subject to long-term management agreements .the ability of third-party purchasers to raise the debt and equity capital necessary to acquire such properties depends in part on the perceived risks in the lodging industry and other constraints inherent in the capital markets .we monitor the status of the capital markets and regularly evaluate the potential impact of changes in capital market conditions on our business operations .in the starwood combination , we acquired various hotels and joint venture interests in hotels , most of which we have sold or are seeking to sell , and in 2018 , we acquired the sheraton grand phoenix , which we expect to renovate and sell subject to a long-term management agreement .we also expect to continue making selective and opportunistic investments to add units to our lodging business , which may include property acquisitions , new construction , loans , guarantees , and noncontrolling equity investments .over time , we seek to minimize capital invested in our business through asset sales subject to long term operating or franchise agreements .fluctuations in the values of hotel real estate generally have little impact on our overall business results because : ( 1 ) we own less than one percent of hotels that we operate or franchise ; ( 2 ) management and franchise fees are generally based upon hotel revenues and profits rather than current hotel property values ; and ( 3 ) our management agreements generally do not terminate upon hotel sale or foreclosure .dispositions .property and asset sales generated $ 479 million cash proceeds in 2018 and $ 1418 million in 2017 .see footnote 3 .dispositions and acquisitions for more information on dispositions. .
Question: what was the percentage of noncash items out of the total cash from operations generated in 2017?
| 0.6273 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
we monitor the status of the capital markets and regularly evaluate the effect that changes in capital market conditions may have on our ability to execute our announced growth plans and fund our liquidity needs .we expect to continue meeting part of our financing and liquidity needs primarily through commercial paper borrowings , issuances of senior notes , and access to long-term committed credit facilities .if conditions in the lodging industry deteriorate , or if disruptions in the capital markets take place as they did in the immediate aftermath of both the 2008 worldwide financial crisis and the events of september 11 , 2001 , we may be unable to place some or all of our commercial paper on a temporary or extended basis and may have to rely more on borrowings under the credit facility , which we believe will be adequate to fund our liquidity needs , including repayment of debt obligations , but which may carry a higher cost than commercial paper .since we continue to have ample flexibility under the credit facility 2019s covenants , we expect that undrawn bank commitments under the credit facility will remain available to us even if business conditions were to deteriorate markedly .cash from operations cash from operations and non-cash items for the last three fiscal years are as follows: . ( $ in millions ) | 2018 | 2017 | 2016
cash from operations | $ 2357 | $ 2227 | $ 1619
non-cash items ( 1 ) | 287 | 1397 | 514 non-cash items ( 1 ) 287 1397 514 ( 1 ) includes depreciation , amortization , share-based compensation , deferred income taxes , and contract investment amortization .our ratio of current assets to current liabilities was 0.4 to 1.0 at year-end 2018 and 0.5 to 1.0 at year-end 2017 .we minimize working capital through cash management , strict credit-granting policies , and aggressive collection efforts .we also have significant borrowing capacity under our credit facility should we need additional working capital .investing activities cash flows acquisition of a business , net of cash acquired .cash outflows of $ 2392 million in 2016 were due to the starwood combination .see footnote 3 .dispositions and acquisitions for more information .capital expenditures and other investments .we made capital expenditures of $ 556 million in 2018 , $ 240 million in 2017 , and $ 199 million in 2016 .capital expenditures in 2018 increased by $ 316 million compared to 2017 , primarily reflecting the acquisition of the sheraton grand phoenix , improvements to our worldwide systems , and net higher spending on several owned properties .capital expenditures in 2017 increased by $ 41 million compared to 2016 , primarily due to improvements to our worldwide systems and improvements to hotels acquired in the starwood combination .we expect spending on capital expenditures and other investments will total approximately $ 500 million to $ 700 million for 2019 , including acquisitions , loan advances , equity and other investments , contract acquisition costs , and various capital expenditures ( including approximately $ 225 million for maintenance capital spending ) .over time , we have sold lodging properties , both completed and under development , subject to long-term management agreements .the ability of third-party purchasers to raise the debt and equity capital necessary to acquire such properties depends in part on the perceived risks in the lodging industry and other constraints inherent in the capital markets .we monitor the status of the capital markets and regularly evaluate the potential impact of changes in capital market conditions on our business operations .in the starwood combination , we acquired various hotels and joint venture interests in hotels , most of which we have sold or are seeking to sell , and in 2018 , we acquired the sheraton grand phoenix , which we expect to renovate and sell subject to a long-term management agreement .we also expect to continue making selective and opportunistic investments to add units to our lodging business , which may include property acquisitions , new construction , loans , guarantees , and noncontrolling equity investments .over time , we seek to minimize capital invested in our business through asset sales subject to long term operating or franchise agreements .fluctuations in the values of hotel real estate generally have little impact on our overall business results because : ( 1 ) we own less than one percent of hotels that we operate or franchise ; ( 2 ) management and franchise fees are generally based upon hotel revenues and profits rather than current hotel property values ; and ( 3 ) our management agreements generally do not terminate upon hotel sale or foreclosure .dispositions .property and asset sales generated $ 479 million cash proceeds in 2018 and $ 1418 million in 2017 .see footnote 3 .dispositions and acquisitions for more information on dispositions. .
Question: what was the percentage of noncash items out of the total cash from operations generated in 2017?
| convfinqa2372 |
we monitor the status of the capital markets and regularly evaluate the effect that changes in capital market conditions may have on our ability to execute our announced growth plans and fund our liquidity needs .we expect to continue meeting part of our financing and liquidity needs primarily through commercial paper borrowings , issuances of senior notes , and access to long-term committed credit facilities .if conditions in the lodging industry deteriorate , or if disruptions in the capital markets take place as they did in the immediate aftermath of both the 2008 worldwide financial crisis and the events of september 11 , 2001 , we may be unable to place some or all of our commercial paper on a temporary or extended basis and may have to rely more on borrowings under the credit facility , which we believe will be adequate to fund our liquidity needs , including repayment of debt obligations , but which may carry a higher cost than commercial paper .since we continue to have ample flexibility under the credit facility 2019s covenants , we expect that undrawn bank commitments under the credit facility will remain available to us even if business conditions were to deteriorate markedly .cash from operations cash from operations and non-cash items for the last three fiscal years are as follows: . ( $ in millions ) | 2018 | 2017 | 2016
cash from operations | $ 2357 | $ 2227 | $ 1619
non-cash items ( 1 ) | 287 | 1397 | 514 non-cash items ( 1 ) 287 1397 514 ( 1 ) includes depreciation , amortization , share-based compensation , deferred income taxes , and contract investment amortization .our ratio of current assets to current liabilities was 0.4 to 1.0 at year-end 2018 and 0.5 to 1.0 at year-end 2017 .we minimize working capital through cash management , strict credit-granting policies , and aggressive collection efforts .we also have significant borrowing capacity under our credit facility should we need additional working capital .investing activities cash flows acquisition of a business , net of cash acquired .cash outflows of $ 2392 million in 2016 were due to the starwood combination .see footnote 3 .dispositions and acquisitions for more information .capital expenditures and other investments .we made capital expenditures of $ 556 million in 2018 , $ 240 million in 2017 , and $ 199 million in 2016 .capital expenditures in 2018 increased by $ 316 million compared to 2017 , primarily reflecting the acquisition of the sheraton grand phoenix , improvements to our worldwide systems , and net higher spending on several owned properties .capital expenditures in 2017 increased by $ 41 million compared to 2016 , primarily due to improvements to our worldwide systems and improvements to hotels acquired in the starwood combination .we expect spending on capital expenditures and other investments will total approximately $ 500 million to $ 700 million for 2019 , including acquisitions , loan advances , equity and other investments , contract acquisition costs , and various capital expenditures ( including approximately $ 225 million for maintenance capital spending ) .over time , we have sold lodging properties , both completed and under development , subject to long-term management agreements .the ability of third-party purchasers to raise the debt and equity capital necessary to acquire such properties depends in part on the perceived risks in the lodging industry and other constraints inherent in the capital markets .we monitor the status of the capital markets and regularly evaluate the potential impact of changes in capital market conditions on our business operations .in the starwood combination , we acquired various hotels and joint venture interests in hotels , most of which we have sold or are seeking to sell , and in 2018 , we acquired the sheraton grand phoenix , which we expect to renovate and sell subject to a long-term management agreement .we also expect to continue making selective and opportunistic investments to add units to our lodging business , which may include property acquisitions , new construction , loans , guarantees , and noncontrolling equity investments .over time , we seek to minimize capital invested in our business through asset sales subject to long term operating or franchise agreements .fluctuations in the values of hotel real estate generally have little impact on our overall business results because : ( 1 ) we own less than one percent of hotels that we operate or franchise ; ( 2 ) management and franchise fees are generally based upon hotel revenues and profits rather than current hotel property values ; and ( 3 ) our management agreements generally do not terminate upon hotel sale or foreclosure .dispositions .property and asset sales generated $ 479 million cash proceeds in 2018 and $ 1418 million in 2017 .see footnote 3 .dispositions and acquisitions for more information on dispositions. .
Question: what was the percentage of noncash items out of the total cash from operations generated in 2017?
Steps: divide(1397, 2227)
Answer: 0.6273
Question: what was the portion of non-cash items out of the total cash from operations in 2018?
| 0.12176 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
we monitor the status of the capital markets and regularly evaluate the effect that changes in capital market conditions may have on our ability to execute our announced growth plans and fund our liquidity needs .we expect to continue meeting part of our financing and liquidity needs primarily through commercial paper borrowings , issuances of senior notes , and access to long-term committed credit facilities .if conditions in the lodging industry deteriorate , or if disruptions in the capital markets take place as they did in the immediate aftermath of both the 2008 worldwide financial crisis and the events of september 11 , 2001 , we may be unable to place some or all of our commercial paper on a temporary or extended basis and may have to rely more on borrowings under the credit facility , which we believe will be adequate to fund our liquidity needs , including repayment of debt obligations , but which may carry a higher cost than commercial paper .since we continue to have ample flexibility under the credit facility 2019s covenants , we expect that undrawn bank commitments under the credit facility will remain available to us even if business conditions were to deteriorate markedly .cash from operations cash from operations and non-cash items for the last three fiscal years are as follows: . ( $ in millions ) | 2018 | 2017 | 2016
cash from operations | $ 2357 | $ 2227 | $ 1619
non-cash items ( 1 ) | 287 | 1397 | 514 non-cash items ( 1 ) 287 1397 514 ( 1 ) includes depreciation , amortization , share-based compensation , deferred income taxes , and contract investment amortization .our ratio of current assets to current liabilities was 0.4 to 1.0 at year-end 2018 and 0.5 to 1.0 at year-end 2017 .we minimize working capital through cash management , strict credit-granting policies , and aggressive collection efforts .we also have significant borrowing capacity under our credit facility should we need additional working capital .investing activities cash flows acquisition of a business , net of cash acquired .cash outflows of $ 2392 million in 2016 were due to the starwood combination .see footnote 3 .dispositions and acquisitions for more information .capital expenditures and other investments .we made capital expenditures of $ 556 million in 2018 , $ 240 million in 2017 , and $ 199 million in 2016 .capital expenditures in 2018 increased by $ 316 million compared to 2017 , primarily reflecting the acquisition of the sheraton grand phoenix , improvements to our worldwide systems , and net higher spending on several owned properties .capital expenditures in 2017 increased by $ 41 million compared to 2016 , primarily due to improvements to our worldwide systems and improvements to hotels acquired in the starwood combination .we expect spending on capital expenditures and other investments will total approximately $ 500 million to $ 700 million for 2019 , including acquisitions , loan advances , equity and other investments , contract acquisition costs , and various capital expenditures ( including approximately $ 225 million for maintenance capital spending ) .over time , we have sold lodging properties , both completed and under development , subject to long-term management agreements .the ability of third-party purchasers to raise the debt and equity capital necessary to acquire such properties depends in part on the perceived risks in the lodging industry and other constraints inherent in the capital markets .we monitor the status of the capital markets and regularly evaluate the potential impact of changes in capital market conditions on our business operations .in the starwood combination , we acquired various hotels and joint venture interests in hotels , most of which we have sold or are seeking to sell , and in 2018 , we acquired the sheraton grand phoenix , which we expect to renovate and sell subject to a long-term management agreement .we also expect to continue making selective and opportunistic investments to add units to our lodging business , which may include property acquisitions , new construction , loans , guarantees , and noncontrolling equity investments .over time , we seek to minimize capital invested in our business through asset sales subject to long term operating or franchise agreements .fluctuations in the values of hotel real estate generally have little impact on our overall business results because : ( 1 ) we own less than one percent of hotels that we operate or franchise ; ( 2 ) management and franchise fees are generally based upon hotel revenues and profits rather than current hotel property values ; and ( 3 ) our management agreements generally do not terminate upon hotel sale or foreclosure .dispositions .property and asset sales generated $ 479 million cash proceeds in 2018 and $ 1418 million in 2017 .see footnote 3 .dispositions and acquisitions for more information on dispositions. .
Question: what was the percentage of noncash items out of the total cash from operations generated in 2017?
Steps: divide(1397, 2227)
Answer: 0.6273
Question: what was the portion of non-cash items out of the total cash from operations in 2018?
| convfinqa2373 |
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) sfas no .148 .in accordance with apb no .25 , the company recognizes compensation expense based on the excess , if any , of the quoted stock price at the grant date of the award or other measurement date over the amount an employee must pay to acquire the stock .the company 2019s stock option plans are more fully described in note 14 .in december 2004 , the fasb issued sfas no .123 ( revised 2004 ) , 201cshare-based payment 201d ( sfas 123r ) , as further described below .during the year ended december 31 , 2005 , the company reevaluated the assumptions used to estimate the fair value of stock options issued to employees .as a result , the company lowered its expected volatility assumption for options granted after july 1 , 2005 to approximately 30% ( 30 % ) and increased the expected life of option grants to 6.25 years using the simplified method permitted by sec sab no .107 , 201dshare-based payment 201d ( sab no .107 ) .the company made this change based on a number of factors , including the company 2019s execution of its strategic plans to sell non-core businesses , reduce leverage and refinance its debt , and its recent merger with spectrasite , inc .( see note 2. ) management had previously based its volatility assumptions on historical volatility since inception , which included periods when the company 2019s capital structure was more highly leveraged than current levels and expected levels for the foreseeable future .management 2019s estimate of future volatility is based on its consideration of all available information , including historical volatility , implied volatility of publicly traded options , the company 2019s current capital structure and its publicly announced future business plans .for comparative purposes , a 10% ( 10 % ) change in the volatility assumption would change pro forma stock option expense and pro forma net loss by approximately $ 0.1 million for the year ended december 31 , 2005 .( see note 14. ) the following table illustrates the effect on net loss and net loss per common share if the company had applied the fair value recognition provisions of sfas no .123 ( as amended ) to stock-based compensation .the estimated fair value of each option is calculated using the black-scholes option-pricing model ( in thousands , except per share amounts ) : . | 2005 | 2004 | 2003
net loss as reported | $ -171590 ( 171590 ) | $ -247587 ( 247587 ) | $ -325321 ( 325321 )
add : stock-based employee compensation expense net of related tax effect included in net loss as reported | 7104 | 2297 | 2077
less : total stock-based employee compensation expense determined under fair value based method for all awards net of related taxeffect | -22238 ( 22238 ) | -23906 ( 23906 ) | -31156 ( 31156 )
pro-forma net loss | $ -186724 ( 186724 ) | $ -269196 ( 269196 ) | $ -354400 ( 354400 )
basic and diluted net loss per share as reported | $ -0.57 ( 0.57 ) | $ -1.10 ( 1.10 ) | $ -1.56 ( 1.56 )
basic and diluted net loss per share pro-forma | $ -0.62 ( 0.62 ) | $ -1.20 ( 1.20 ) | $ -1.70 ( 1.70 ) the company has modified certain option awards to revise vesting and exercise terms for certain terminated employees and recognized charges of $ 7.0 million , $ 3.0 million and $ 2.3 million for the years ended december 31 , 2005 , 2004 and 2003 , respectively .in addition , the stock-based employee compensation amounts above for the year ended december 31 , 2005 , include approximately $ 2.4 million of unearned compensation amortization related to unvested stock options assumed in the merger with spectrasite , inc .such charges are reflected in impairments , net loss on sale of long-lived assets , restructuring and merger related expense with corresponding adjustments to additional paid-in capital and unearned compensation in the accompanying consolidated financial statements .recent accounting pronouncements 2014in december 2004 , the fasb issued sfas 123r , which supersedes apb no .25 , and amends sfas no .95 , 201cstatement of cash flows . 201d this statement addressed the accounting for share-based payments to employees , including grants of employee stock options .under the new standard .
Question: what was the pro-forma income in 2005?
| 186724000.0 | 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 ) sfas no .148 .in accordance with apb no .25 , the company recognizes compensation expense based on the excess , if any , of the quoted stock price at the grant date of the award or other measurement date over the amount an employee must pay to acquire the stock .the company 2019s stock option plans are more fully described in note 14 .in december 2004 , the fasb issued sfas no .123 ( revised 2004 ) , 201cshare-based payment 201d ( sfas 123r ) , as further described below .during the year ended december 31 , 2005 , the company reevaluated the assumptions used to estimate the fair value of stock options issued to employees .as a result , the company lowered its expected volatility assumption for options granted after july 1 , 2005 to approximately 30% ( 30 % ) and increased the expected life of option grants to 6.25 years using the simplified method permitted by sec sab no .107 , 201dshare-based payment 201d ( sab no .107 ) .the company made this change based on a number of factors , including the company 2019s execution of its strategic plans to sell non-core businesses , reduce leverage and refinance its debt , and its recent merger with spectrasite , inc .( see note 2. ) management had previously based its volatility assumptions on historical volatility since inception , which included periods when the company 2019s capital structure was more highly leveraged than current levels and expected levels for the foreseeable future .management 2019s estimate of future volatility is based on its consideration of all available information , including historical volatility , implied volatility of publicly traded options , the company 2019s current capital structure and its publicly announced future business plans .for comparative purposes , a 10% ( 10 % ) change in the volatility assumption would change pro forma stock option expense and pro forma net loss by approximately $ 0.1 million for the year ended december 31 , 2005 .( see note 14. ) the following table illustrates the effect on net loss and net loss per common share if the company had applied the fair value recognition provisions of sfas no .123 ( as amended ) to stock-based compensation .the estimated fair value of each option is calculated using the black-scholes option-pricing model ( in thousands , except per share amounts ) : . | 2005 | 2004 | 2003
net loss as reported | $ -171590 ( 171590 ) | $ -247587 ( 247587 ) | $ -325321 ( 325321 )
add : stock-based employee compensation expense net of related tax effect included in net loss as reported | 7104 | 2297 | 2077
less : total stock-based employee compensation expense determined under fair value based method for all awards net of related taxeffect | -22238 ( 22238 ) | -23906 ( 23906 ) | -31156 ( 31156 )
pro-forma net loss | $ -186724 ( 186724 ) | $ -269196 ( 269196 ) | $ -354400 ( 354400 )
basic and diluted net loss per share as reported | $ -0.57 ( 0.57 ) | $ -1.10 ( 1.10 ) | $ -1.56 ( 1.56 )
basic and diluted net loss per share pro-forma | $ -0.62 ( 0.62 ) | $ -1.20 ( 1.20 ) | $ -1.70 ( 1.70 ) the company has modified certain option awards to revise vesting and exercise terms for certain terminated employees and recognized charges of $ 7.0 million , $ 3.0 million and $ 2.3 million for the years ended december 31 , 2005 , 2004 and 2003 , respectively .in addition , the stock-based employee compensation amounts above for the year ended december 31 , 2005 , include approximately $ 2.4 million of unearned compensation amortization related to unvested stock options assumed in the merger with spectrasite , inc .such charges are reflected in impairments , net loss on sale of long-lived assets , restructuring and merger related expense with corresponding adjustments to additional paid-in capital and unearned compensation in the accompanying consolidated financial statements .recent accounting pronouncements 2014in december 2004 , the fasb issued sfas 123r , which supersedes apb no .25 , and amends sfas no .95 , 201cstatement of cash flows . 201d this statement addressed the accounting for share-based payments to employees , including grants of employee stock options .under the new standard .
Question: what was the pro-forma income in 2005?
| convfinqa2374 |
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) sfas no .148 .in accordance with apb no .25 , the company recognizes compensation expense based on the excess , if any , of the quoted stock price at the grant date of the award or other measurement date over the amount an employee must pay to acquire the stock .the company 2019s stock option plans are more fully described in note 14 .in december 2004 , the fasb issued sfas no .123 ( revised 2004 ) , 201cshare-based payment 201d ( sfas 123r ) , as further described below .during the year ended december 31 , 2005 , the company reevaluated the assumptions used to estimate the fair value of stock options issued to employees .as a result , the company lowered its expected volatility assumption for options granted after july 1 , 2005 to approximately 30% ( 30 % ) and increased the expected life of option grants to 6.25 years using the simplified method permitted by sec sab no .107 , 201dshare-based payment 201d ( sab no .107 ) .the company made this change based on a number of factors , including the company 2019s execution of its strategic plans to sell non-core businesses , reduce leverage and refinance its debt , and its recent merger with spectrasite , inc .( see note 2. ) management had previously based its volatility assumptions on historical volatility since inception , which included periods when the company 2019s capital structure was more highly leveraged than current levels and expected levels for the foreseeable future .management 2019s estimate of future volatility is based on its consideration of all available information , including historical volatility , implied volatility of publicly traded options , the company 2019s current capital structure and its publicly announced future business plans .for comparative purposes , a 10% ( 10 % ) change in the volatility assumption would change pro forma stock option expense and pro forma net loss by approximately $ 0.1 million for the year ended december 31 , 2005 .( see note 14. ) the following table illustrates the effect on net loss and net loss per common share if the company had applied the fair value recognition provisions of sfas no .123 ( as amended ) to stock-based compensation .the estimated fair value of each option is calculated using the black-scholes option-pricing model ( in thousands , except per share amounts ) : . | 2005 | 2004 | 2003
net loss as reported | $ -171590 ( 171590 ) | $ -247587 ( 247587 ) | $ -325321 ( 325321 )
add : stock-based employee compensation expense net of related tax effect included in net loss as reported | 7104 | 2297 | 2077
less : total stock-based employee compensation expense determined under fair value based method for all awards net of related taxeffect | -22238 ( 22238 ) | -23906 ( 23906 ) | -31156 ( 31156 )
pro-forma net loss | $ -186724 ( 186724 ) | $ -269196 ( 269196 ) | $ -354400 ( 354400 )
basic and diluted net loss per share as reported | $ -0.57 ( 0.57 ) | $ -1.10 ( 1.10 ) | $ -1.56 ( 1.56 )
basic and diluted net loss per share pro-forma | $ -0.62 ( 0.62 ) | $ -1.20 ( 1.20 ) | $ -1.70 ( 1.70 ) the company has modified certain option awards to revise vesting and exercise terms for certain terminated employees and recognized charges of $ 7.0 million , $ 3.0 million and $ 2.3 million for the years ended december 31 , 2005 , 2004 and 2003 , respectively .in addition , the stock-based employee compensation amounts above for the year ended december 31 , 2005 , include approximately $ 2.4 million of unearned compensation amortization related to unvested stock options assumed in the merger with spectrasite , inc .such charges are reflected in impairments , net loss on sale of long-lived assets , restructuring and merger related expense with corresponding adjustments to additional paid-in capital and unearned compensation in the accompanying consolidated financial statements .recent accounting pronouncements 2014in december 2004 , the fasb issued sfas 123r , which supersedes apb no .25 , and amends sfas no .95 , 201cstatement of cash flows . 201d this statement addressed the accounting for share-based payments to employees , including grants of employee stock options .under the new standard .
Question: what was the pro-forma income in 2005?
Steps: Ask for number 186724
Answer: 186724000.0
Question: and what was the basic and diluted net loss per share pro-forma in that year?
| 0.62 | Read the following texts and table with financial data from an S&P 500 earnings report 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 ) sfas no .148 .in accordance with apb no .25 , the company recognizes compensation expense based on the excess , if any , of the quoted stock price at the grant date of the award or other measurement date over the amount an employee must pay to acquire the stock .the company 2019s stock option plans are more fully described in note 14 .in december 2004 , the fasb issued sfas no .123 ( revised 2004 ) , 201cshare-based payment 201d ( sfas 123r ) , as further described below .during the year ended december 31 , 2005 , the company reevaluated the assumptions used to estimate the fair value of stock options issued to employees .as a result , the company lowered its expected volatility assumption for options granted after july 1 , 2005 to approximately 30% ( 30 % ) and increased the expected life of option grants to 6.25 years using the simplified method permitted by sec sab no .107 , 201dshare-based payment 201d ( sab no .107 ) .the company made this change based on a number of factors , including the company 2019s execution of its strategic plans to sell non-core businesses , reduce leverage and refinance its debt , and its recent merger with spectrasite , inc .( see note 2. ) management had previously based its volatility assumptions on historical volatility since inception , which included periods when the company 2019s capital structure was more highly leveraged than current levels and expected levels for the foreseeable future .management 2019s estimate of future volatility is based on its consideration of all available information , including historical volatility , implied volatility of publicly traded options , the company 2019s current capital structure and its publicly announced future business plans .for comparative purposes , a 10% ( 10 % ) change in the volatility assumption would change pro forma stock option expense and pro forma net loss by approximately $ 0.1 million for the year ended december 31 , 2005 .( see note 14. ) the following table illustrates the effect on net loss and net loss per common share if the company had applied the fair value recognition provisions of sfas no .123 ( as amended ) to stock-based compensation .the estimated fair value of each option is calculated using the black-scholes option-pricing model ( in thousands , except per share amounts ) : . | 2005 | 2004 | 2003
net loss as reported | $ -171590 ( 171590 ) | $ -247587 ( 247587 ) | $ -325321 ( 325321 )
add : stock-based employee compensation expense net of related tax effect included in net loss as reported | 7104 | 2297 | 2077
less : total stock-based employee compensation expense determined under fair value based method for all awards net of related taxeffect | -22238 ( 22238 ) | -23906 ( 23906 ) | -31156 ( 31156 )
pro-forma net loss | $ -186724 ( 186724 ) | $ -269196 ( 269196 ) | $ -354400 ( 354400 )
basic and diluted net loss per share as reported | $ -0.57 ( 0.57 ) | $ -1.10 ( 1.10 ) | $ -1.56 ( 1.56 )
basic and diluted net loss per share pro-forma | $ -0.62 ( 0.62 ) | $ -1.20 ( 1.20 ) | $ -1.70 ( 1.70 ) the company has modified certain option awards to revise vesting and exercise terms for certain terminated employees and recognized charges of $ 7.0 million , $ 3.0 million and $ 2.3 million for the years ended december 31 , 2005 , 2004 and 2003 , respectively .in addition , the stock-based employee compensation amounts above for the year ended december 31 , 2005 , include approximately $ 2.4 million of unearned compensation amortization related to unvested stock options assumed in the merger with spectrasite , inc .such charges are reflected in impairments , net loss on sale of long-lived assets , restructuring and merger related expense with corresponding adjustments to additional paid-in capital and unearned compensation in the accompanying consolidated financial statements .recent accounting pronouncements 2014in december 2004 , the fasb issued sfas 123r , which supersedes apb no .25 , and amends sfas no .95 , 201cstatement of cash flows . 201d this statement addressed the accounting for share-based payments to employees , including grants of employee stock options .under the new standard .
Question: what was the pro-forma income in 2005?
Steps: Ask for number 186724
Answer: 186724000.0
Question: and what was the basic and diluted net loss per share pro-forma in that year?
| convfinqa2375 |
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) sfas no .148 .in accordance with apb no .25 , the company recognizes compensation expense based on the excess , if any , of the quoted stock price at the grant date of the award or other measurement date over the amount an employee must pay to acquire the stock .the company 2019s stock option plans are more fully described in note 14 .in december 2004 , the fasb issued sfas no .123 ( revised 2004 ) , 201cshare-based payment 201d ( sfas 123r ) , as further described below .during the year ended december 31 , 2005 , the company reevaluated the assumptions used to estimate the fair value of stock options issued to employees .as a result , the company lowered its expected volatility assumption for options granted after july 1 , 2005 to approximately 30% ( 30 % ) and increased the expected life of option grants to 6.25 years using the simplified method permitted by sec sab no .107 , 201dshare-based payment 201d ( sab no .107 ) .the company made this change based on a number of factors , including the company 2019s execution of its strategic plans to sell non-core businesses , reduce leverage and refinance its debt , and its recent merger with spectrasite , inc .( see note 2. ) management had previously based its volatility assumptions on historical volatility since inception , which included periods when the company 2019s capital structure was more highly leveraged than current levels and expected levels for the foreseeable future .management 2019s estimate of future volatility is based on its consideration of all available information , including historical volatility , implied volatility of publicly traded options , the company 2019s current capital structure and its publicly announced future business plans .for comparative purposes , a 10% ( 10 % ) change in the volatility assumption would change pro forma stock option expense and pro forma net loss by approximately $ 0.1 million for the year ended december 31 , 2005 .( see note 14. ) the following table illustrates the effect on net loss and net loss per common share if the company had applied the fair value recognition provisions of sfas no .123 ( as amended ) to stock-based compensation .the estimated fair value of each option is calculated using the black-scholes option-pricing model ( in thousands , except per share amounts ) : . | 2005 | 2004 | 2003
net loss as reported | $ -171590 ( 171590 ) | $ -247587 ( 247587 ) | $ -325321 ( 325321 )
add : stock-based employee compensation expense net of related tax effect included in net loss as reported | 7104 | 2297 | 2077
less : total stock-based employee compensation expense determined under fair value based method for all awards net of related taxeffect | -22238 ( 22238 ) | -23906 ( 23906 ) | -31156 ( 31156 )
pro-forma net loss | $ -186724 ( 186724 ) | $ -269196 ( 269196 ) | $ -354400 ( 354400 )
basic and diluted net loss per share as reported | $ -0.57 ( 0.57 ) | $ -1.10 ( 1.10 ) | $ -1.56 ( 1.56 )
basic and diluted net loss per share pro-forma | $ -0.62 ( 0.62 ) | $ -1.20 ( 1.20 ) | $ -1.70 ( 1.70 ) the company has modified certain option awards to revise vesting and exercise terms for certain terminated employees and recognized charges of $ 7.0 million , $ 3.0 million and $ 2.3 million for the years ended december 31 , 2005 , 2004 and 2003 , respectively .in addition , the stock-based employee compensation amounts above for the year ended december 31 , 2005 , include approximately $ 2.4 million of unearned compensation amortization related to unvested stock options assumed in the merger with spectrasite , inc .such charges are reflected in impairments , net loss on sale of long-lived assets , restructuring and merger related expense with corresponding adjustments to additional paid-in capital and unearned compensation in the accompanying consolidated financial statements .recent accounting pronouncements 2014in december 2004 , the fasb issued sfas 123r , which supersedes apb no .25 , and amends sfas no .95 , 201cstatement of cash flows . 201d this statement addressed the accounting for share-based payments to employees , including grants of employee stock options .under the new standard .
Question: what was the pro-forma income in 2005?
Steps: Ask for number 186724
Answer: 186724000.0
Question: and what was the basic and diluted net loss per share pro-forma in that year?
Steps: multiply(186724, const_1000)
Answer: 0.62
Question: what was, then, the total number of outstanding shares in 2005?
| 301167741.93548 | Read the following texts and table with financial data from an S&P 500 earnings report 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 ) sfas no .148 .in accordance with apb no .25 , the company recognizes compensation expense based on the excess , if any , of the quoted stock price at the grant date of the award or other measurement date over the amount an employee must pay to acquire the stock .the company 2019s stock option plans are more fully described in note 14 .in december 2004 , the fasb issued sfas no .123 ( revised 2004 ) , 201cshare-based payment 201d ( sfas 123r ) , as further described below .during the year ended december 31 , 2005 , the company reevaluated the assumptions used to estimate the fair value of stock options issued to employees .as a result , the company lowered its expected volatility assumption for options granted after july 1 , 2005 to approximately 30% ( 30 % ) and increased the expected life of option grants to 6.25 years using the simplified method permitted by sec sab no .107 , 201dshare-based payment 201d ( sab no .107 ) .the company made this change based on a number of factors , including the company 2019s execution of its strategic plans to sell non-core businesses , reduce leverage and refinance its debt , and its recent merger with spectrasite , inc .( see note 2. ) management had previously based its volatility assumptions on historical volatility since inception , which included periods when the company 2019s capital structure was more highly leveraged than current levels and expected levels for the foreseeable future .management 2019s estimate of future volatility is based on its consideration of all available information , including historical volatility , implied volatility of publicly traded options , the company 2019s current capital structure and its publicly announced future business plans .for comparative purposes , a 10% ( 10 % ) change in the volatility assumption would change pro forma stock option expense and pro forma net loss by approximately $ 0.1 million for the year ended december 31 , 2005 .( see note 14. ) the following table illustrates the effect on net loss and net loss per common share if the company had applied the fair value recognition provisions of sfas no .123 ( as amended ) to stock-based compensation .the estimated fair value of each option is calculated using the black-scholes option-pricing model ( in thousands , except per share amounts ) : . | 2005 | 2004 | 2003
net loss as reported | $ -171590 ( 171590 ) | $ -247587 ( 247587 ) | $ -325321 ( 325321 )
add : stock-based employee compensation expense net of related tax effect included in net loss as reported | 7104 | 2297 | 2077
less : total stock-based employee compensation expense determined under fair value based method for all awards net of related taxeffect | -22238 ( 22238 ) | -23906 ( 23906 ) | -31156 ( 31156 )
pro-forma net loss | $ -186724 ( 186724 ) | $ -269196 ( 269196 ) | $ -354400 ( 354400 )
basic and diluted net loss per share as reported | $ -0.57 ( 0.57 ) | $ -1.10 ( 1.10 ) | $ -1.56 ( 1.56 )
basic and diluted net loss per share pro-forma | $ -0.62 ( 0.62 ) | $ -1.20 ( 1.20 ) | $ -1.70 ( 1.70 ) the company has modified certain option awards to revise vesting and exercise terms for certain terminated employees and recognized charges of $ 7.0 million , $ 3.0 million and $ 2.3 million for the years ended december 31 , 2005 , 2004 and 2003 , respectively .in addition , the stock-based employee compensation amounts above for the year ended december 31 , 2005 , include approximately $ 2.4 million of unearned compensation amortization related to unvested stock options assumed in the merger with spectrasite , inc .such charges are reflected in impairments , net loss on sale of long-lived assets , restructuring and merger related expense with corresponding adjustments to additional paid-in capital and unearned compensation in the accompanying consolidated financial statements .recent accounting pronouncements 2014in december 2004 , the fasb issued sfas 123r , which supersedes apb no .25 , and amends sfas no .95 , 201cstatement of cash flows . 201d this statement addressed the accounting for share-based payments to employees , including grants of employee stock options .under the new standard .
Question: what was the pro-forma income in 2005?
Steps: Ask for number 186724
Answer: 186724000.0
Question: and what was the basic and diluted net loss per share pro-forma in that year?
Steps: multiply(186724, const_1000)
Answer: 0.62
Question: what was, then, the total number of outstanding shares in 2005?
| convfinqa2376 |
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) sfas no .148 .in accordance with apb no .25 , the company recognizes compensation expense based on the excess , if any , of the quoted stock price at the grant date of the award or other measurement date over the amount an employee must pay to acquire the stock .the company 2019s stock option plans are more fully described in note 14 .in december 2004 , the fasb issued sfas no .123 ( revised 2004 ) , 201cshare-based payment 201d ( sfas 123r ) , as further described below .during the year ended december 31 , 2005 , the company reevaluated the assumptions used to estimate the fair value of stock options issued to employees .as a result , the company lowered its expected volatility assumption for options granted after july 1 , 2005 to approximately 30% ( 30 % ) and increased the expected life of option grants to 6.25 years using the simplified method permitted by sec sab no .107 , 201dshare-based payment 201d ( sab no .107 ) .the company made this change based on a number of factors , including the company 2019s execution of its strategic plans to sell non-core businesses , reduce leverage and refinance its debt , and its recent merger with spectrasite , inc .( see note 2. ) management had previously based its volatility assumptions on historical volatility since inception , which included periods when the company 2019s capital structure was more highly leveraged than current levels and expected levels for the foreseeable future .management 2019s estimate of future volatility is based on its consideration of all available information , including historical volatility , implied volatility of publicly traded options , the company 2019s current capital structure and its publicly announced future business plans .for comparative purposes , a 10% ( 10 % ) change in the volatility assumption would change pro forma stock option expense and pro forma net loss by approximately $ 0.1 million for the year ended december 31 , 2005 .( see note 14. ) the following table illustrates the effect on net loss and net loss per common share if the company had applied the fair value recognition provisions of sfas no .123 ( as amended ) to stock-based compensation .the estimated fair value of each option is calculated using the black-scholes option-pricing model ( in thousands , except per share amounts ) : . | 2005 | 2004 | 2003
net loss as reported | $ -171590 ( 171590 ) | $ -247587 ( 247587 ) | $ -325321 ( 325321 )
add : stock-based employee compensation expense net of related tax effect included in net loss as reported | 7104 | 2297 | 2077
less : total stock-based employee compensation expense determined under fair value based method for all awards net of related taxeffect | -22238 ( 22238 ) | -23906 ( 23906 ) | -31156 ( 31156 )
pro-forma net loss | $ -186724 ( 186724 ) | $ -269196 ( 269196 ) | $ -354400 ( 354400 )
basic and diluted net loss per share as reported | $ -0.57 ( 0.57 ) | $ -1.10 ( 1.10 ) | $ -1.56 ( 1.56 )
basic and diluted net loss per share pro-forma | $ -0.62 ( 0.62 ) | $ -1.20 ( 1.20 ) | $ -1.70 ( 1.70 ) the company has modified certain option awards to revise vesting and exercise terms for certain terminated employees and recognized charges of $ 7.0 million , $ 3.0 million and $ 2.3 million for the years ended december 31 , 2005 , 2004 and 2003 , respectively .in addition , the stock-based employee compensation amounts above for the year ended december 31 , 2005 , include approximately $ 2.4 million of unearned compensation amortization related to unvested stock options assumed in the merger with spectrasite , inc .such charges are reflected in impairments , net loss on sale of long-lived assets , restructuring and merger related expense with corresponding adjustments to additional paid-in capital and unearned compensation in the accompanying consolidated financial statements .recent accounting pronouncements 2014in december 2004 , the fasb issued sfas 123r , which supersedes apb no .25 , and amends sfas no .95 , 201cstatement of cash flows . 201d this statement addressed the accounting for share-based payments to employees , including grants of employee stock options .under the new standard .
Question: what was the pro-forma income in 2005?
Steps: Ask for number 186724
Answer: 186724000.0
Question: and what was the basic and diluted net loss per share pro-forma in that year?
Steps: multiply(186724, const_1000)
Answer: 0.62
Question: what was, then, the total number of outstanding shares in 2005?
Steps: Ask for number 0.62
Answer: 301167741.93548
Question: and how much is that in millions?
| 301.16774 | Read the following texts and table with financial data from an S&P 500 earnings report 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 ) sfas no .148 .in accordance with apb no .25 , the company recognizes compensation expense based on the excess , if any , of the quoted stock price at the grant date of the award or other measurement date over the amount an employee must pay to acquire the stock .the company 2019s stock option plans are more fully described in note 14 .in december 2004 , the fasb issued sfas no .123 ( revised 2004 ) , 201cshare-based payment 201d ( sfas 123r ) , as further described below .during the year ended december 31 , 2005 , the company reevaluated the assumptions used to estimate the fair value of stock options issued to employees .as a result , the company lowered its expected volatility assumption for options granted after july 1 , 2005 to approximately 30% ( 30 % ) and increased the expected life of option grants to 6.25 years using the simplified method permitted by sec sab no .107 , 201dshare-based payment 201d ( sab no .107 ) .the company made this change based on a number of factors , including the company 2019s execution of its strategic plans to sell non-core businesses , reduce leverage and refinance its debt , and its recent merger with spectrasite , inc .( see note 2. ) management had previously based its volatility assumptions on historical volatility since inception , which included periods when the company 2019s capital structure was more highly leveraged than current levels and expected levels for the foreseeable future .management 2019s estimate of future volatility is based on its consideration of all available information , including historical volatility , implied volatility of publicly traded options , the company 2019s current capital structure and its publicly announced future business plans .for comparative purposes , a 10% ( 10 % ) change in the volatility assumption would change pro forma stock option expense and pro forma net loss by approximately $ 0.1 million for the year ended december 31 , 2005 .( see note 14. ) the following table illustrates the effect on net loss and net loss per common share if the company had applied the fair value recognition provisions of sfas no .123 ( as amended ) to stock-based compensation .the estimated fair value of each option is calculated using the black-scholes option-pricing model ( in thousands , except per share amounts ) : . | 2005 | 2004 | 2003
net loss as reported | $ -171590 ( 171590 ) | $ -247587 ( 247587 ) | $ -325321 ( 325321 )
add : stock-based employee compensation expense net of related tax effect included in net loss as reported | 7104 | 2297 | 2077
less : total stock-based employee compensation expense determined under fair value based method for all awards net of related taxeffect | -22238 ( 22238 ) | -23906 ( 23906 ) | -31156 ( 31156 )
pro-forma net loss | $ -186724 ( 186724 ) | $ -269196 ( 269196 ) | $ -354400 ( 354400 )
basic and diluted net loss per share as reported | $ -0.57 ( 0.57 ) | $ -1.10 ( 1.10 ) | $ -1.56 ( 1.56 )
basic and diluted net loss per share pro-forma | $ -0.62 ( 0.62 ) | $ -1.20 ( 1.20 ) | $ -1.70 ( 1.70 ) the company has modified certain option awards to revise vesting and exercise terms for certain terminated employees and recognized charges of $ 7.0 million , $ 3.0 million and $ 2.3 million for the years ended december 31 , 2005 , 2004 and 2003 , respectively .in addition , the stock-based employee compensation amounts above for the year ended december 31 , 2005 , include approximately $ 2.4 million of unearned compensation amortization related to unvested stock options assumed in the merger with spectrasite , inc .such charges are reflected in impairments , net loss on sale of long-lived assets , restructuring and merger related expense with corresponding adjustments to additional paid-in capital and unearned compensation in the accompanying consolidated financial statements .recent accounting pronouncements 2014in december 2004 , the fasb issued sfas 123r , which supersedes apb no .25 , and amends sfas no .95 , 201cstatement of cash flows . 201d this statement addressed the accounting for share-based payments to employees , including grants of employee stock options .under the new standard .
Question: what was the pro-forma income in 2005?
Steps: Ask for number 186724
Answer: 186724000.0
Question: and what was the basic and diluted net loss per share pro-forma in that year?
Steps: multiply(186724, const_1000)
Answer: 0.62
Question: what was, then, the total number of outstanding shares in 2005?
Steps: Ask for number 0.62
Answer: 301167741.93548
Question: and how much is that in millions?
| convfinqa2377 |
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) sfas no .148 .in accordance with apb no .25 , the company recognizes compensation expense based on the excess , if any , of the quoted stock price at the grant date of the award or other measurement date over the amount an employee must pay to acquire the stock .the company 2019s stock option plans are more fully described in note 14 .in december 2004 , the fasb issued sfas no .123 ( revised 2004 ) , 201cshare-based payment 201d ( sfas 123r ) , as further described below .during the year ended december 31 , 2005 , the company reevaluated the assumptions used to estimate the fair value of stock options issued to employees .as a result , the company lowered its expected volatility assumption for options granted after july 1 , 2005 to approximately 30% ( 30 % ) and increased the expected life of option grants to 6.25 years using the simplified method permitted by sec sab no .107 , 201dshare-based payment 201d ( sab no .107 ) .the company made this change based on a number of factors , including the company 2019s execution of its strategic plans to sell non-core businesses , reduce leverage and refinance its debt , and its recent merger with spectrasite , inc .( see note 2. ) management had previously based its volatility assumptions on historical volatility since inception , which included periods when the company 2019s capital structure was more highly leveraged than current levels and expected levels for the foreseeable future .management 2019s estimate of future volatility is based on its consideration of all available information , including historical volatility , implied volatility of publicly traded options , the company 2019s current capital structure and its publicly announced future business plans .for comparative purposes , a 10% ( 10 % ) change in the volatility assumption would change pro forma stock option expense and pro forma net loss by approximately $ 0.1 million for the year ended december 31 , 2005 .( see note 14. ) the following table illustrates the effect on net loss and net loss per common share if the company had applied the fair value recognition provisions of sfas no .123 ( as amended ) to stock-based compensation .the estimated fair value of each option is calculated using the black-scholes option-pricing model ( in thousands , except per share amounts ) : . | 2005 | 2004 | 2003
net loss as reported | $ -171590 ( 171590 ) | $ -247587 ( 247587 ) | $ -325321 ( 325321 )
add : stock-based employee compensation expense net of related tax effect included in net loss as reported | 7104 | 2297 | 2077
less : total stock-based employee compensation expense determined under fair value based method for all awards net of related taxeffect | -22238 ( 22238 ) | -23906 ( 23906 ) | -31156 ( 31156 )
pro-forma net loss | $ -186724 ( 186724 ) | $ -269196 ( 269196 ) | $ -354400 ( 354400 )
basic and diluted net loss per share as reported | $ -0.57 ( 0.57 ) | $ -1.10 ( 1.10 ) | $ -1.56 ( 1.56 )
basic and diluted net loss per share pro-forma | $ -0.62 ( 0.62 ) | $ -1.20 ( 1.20 ) | $ -1.70 ( 1.70 ) the company has modified certain option awards to revise vesting and exercise terms for certain terminated employees and recognized charges of $ 7.0 million , $ 3.0 million and $ 2.3 million for the years ended december 31 , 2005 , 2004 and 2003 , respectively .in addition , the stock-based employee compensation amounts above for the year ended december 31 , 2005 , include approximately $ 2.4 million of unearned compensation amortization related to unvested stock options assumed in the merger with spectrasite , inc .such charges are reflected in impairments , net loss on sale of long-lived assets , restructuring and merger related expense with corresponding adjustments to additional paid-in capital and unearned compensation in the accompanying consolidated financial statements .recent accounting pronouncements 2014in december 2004 , the fasb issued sfas 123r , which supersedes apb no .25 , and amends sfas no .95 , 201cstatement of cash flows . 201d this statement addressed the accounting for share-based payments to employees , including grants of employee stock options .under the new standard .
Question: what was the pro-forma income in 2005?
Steps: Ask for number 186724
Answer: 186724000.0
Question: and what was the basic and diluted net loss per share pro-forma in that year?
Steps: multiply(186724, const_1000)
Answer: 0.62
Question: what was, then, the total number of outstanding shares in 2005?
Steps: Ask for number 0.62
Answer: 301167741.93548
Question: and how much is that in millions?
Steps: divide(#0, 0.62)
Answer: 301.16774
Question: what was the change in that pro-forma income since 2004?
| 82472.0 | 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 ) sfas no .148 .in accordance with apb no .25 , the company recognizes compensation expense based on the excess , if any , of the quoted stock price at the grant date of the award or other measurement date over the amount an employee must pay to acquire the stock .the company 2019s stock option plans are more fully described in note 14 .in december 2004 , the fasb issued sfas no .123 ( revised 2004 ) , 201cshare-based payment 201d ( sfas 123r ) , as further described below .during the year ended december 31 , 2005 , the company reevaluated the assumptions used to estimate the fair value of stock options issued to employees .as a result , the company lowered its expected volatility assumption for options granted after july 1 , 2005 to approximately 30% ( 30 % ) and increased the expected life of option grants to 6.25 years using the simplified method permitted by sec sab no .107 , 201dshare-based payment 201d ( sab no .107 ) .the company made this change based on a number of factors , including the company 2019s execution of its strategic plans to sell non-core businesses , reduce leverage and refinance its debt , and its recent merger with spectrasite , inc .( see note 2. ) management had previously based its volatility assumptions on historical volatility since inception , which included periods when the company 2019s capital structure was more highly leveraged than current levels and expected levels for the foreseeable future .management 2019s estimate of future volatility is based on its consideration of all available information , including historical volatility , implied volatility of publicly traded options , the company 2019s current capital structure and its publicly announced future business plans .for comparative purposes , a 10% ( 10 % ) change in the volatility assumption would change pro forma stock option expense and pro forma net loss by approximately $ 0.1 million for the year ended december 31 , 2005 .( see note 14. ) the following table illustrates the effect on net loss and net loss per common share if the company had applied the fair value recognition provisions of sfas no .123 ( as amended ) to stock-based compensation .the estimated fair value of each option is calculated using the black-scholes option-pricing model ( in thousands , except per share amounts ) : . | 2005 | 2004 | 2003
net loss as reported | $ -171590 ( 171590 ) | $ -247587 ( 247587 ) | $ -325321 ( 325321 )
add : stock-based employee compensation expense net of related tax effect included in net loss as reported | 7104 | 2297 | 2077
less : total stock-based employee compensation expense determined under fair value based method for all awards net of related taxeffect | -22238 ( 22238 ) | -23906 ( 23906 ) | -31156 ( 31156 )
pro-forma net loss | $ -186724 ( 186724 ) | $ -269196 ( 269196 ) | $ -354400 ( 354400 )
basic and diluted net loss per share as reported | $ -0.57 ( 0.57 ) | $ -1.10 ( 1.10 ) | $ -1.56 ( 1.56 )
basic and diluted net loss per share pro-forma | $ -0.62 ( 0.62 ) | $ -1.20 ( 1.20 ) | $ -1.70 ( 1.70 ) the company has modified certain option awards to revise vesting and exercise terms for certain terminated employees and recognized charges of $ 7.0 million , $ 3.0 million and $ 2.3 million for the years ended december 31 , 2005 , 2004 and 2003 , respectively .in addition , the stock-based employee compensation amounts above for the year ended december 31 , 2005 , include approximately $ 2.4 million of unearned compensation amortization related to unvested stock options assumed in the merger with spectrasite , inc .such charges are reflected in impairments , net loss on sale of long-lived assets , restructuring and merger related expense with corresponding adjustments to additional paid-in capital and unearned compensation in the accompanying consolidated financial statements .recent accounting pronouncements 2014in december 2004 , the fasb issued sfas 123r , which supersedes apb no .25 , and amends sfas no .95 , 201cstatement of cash flows . 201d this statement addressed the accounting for share-based payments to employees , including grants of employee stock options .under the new standard .
Question: what was the pro-forma income in 2005?
Steps: Ask for number 186724
Answer: 186724000.0
Question: and what was the basic and diluted net loss per share pro-forma in that year?
Steps: multiply(186724, const_1000)
Answer: 0.62
Question: what was, then, the total number of outstanding shares in 2005?
Steps: Ask for number 0.62
Answer: 301167741.93548
Question: and how much is that in millions?
Steps: divide(#0, 0.62)
Answer: 301.16774
Question: what was the change in that pro-forma income since 2004?
| convfinqa2378 |
american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) sfas no .148 .in accordance with apb no .25 , the company recognizes compensation expense based on the excess , if any , of the quoted stock price at the grant date of the award or other measurement date over the amount an employee must pay to acquire the stock .the company 2019s stock option plans are more fully described in note 14 .in december 2004 , the fasb issued sfas no .123 ( revised 2004 ) , 201cshare-based payment 201d ( sfas 123r ) , as further described below .during the year ended december 31 , 2005 , the company reevaluated the assumptions used to estimate the fair value of stock options issued to employees .as a result , the company lowered its expected volatility assumption for options granted after july 1 , 2005 to approximately 30% ( 30 % ) and increased the expected life of option grants to 6.25 years using the simplified method permitted by sec sab no .107 , 201dshare-based payment 201d ( sab no .107 ) .the company made this change based on a number of factors , including the company 2019s execution of its strategic plans to sell non-core businesses , reduce leverage and refinance its debt , and its recent merger with spectrasite , inc .( see note 2. ) management had previously based its volatility assumptions on historical volatility since inception , which included periods when the company 2019s capital structure was more highly leveraged than current levels and expected levels for the foreseeable future .management 2019s estimate of future volatility is based on its consideration of all available information , including historical volatility , implied volatility of publicly traded options , the company 2019s current capital structure and its publicly announced future business plans .for comparative purposes , a 10% ( 10 % ) change in the volatility assumption would change pro forma stock option expense and pro forma net loss by approximately $ 0.1 million for the year ended december 31 , 2005 .( see note 14. ) the following table illustrates the effect on net loss and net loss per common share if the company had applied the fair value recognition provisions of sfas no .123 ( as amended ) to stock-based compensation .the estimated fair value of each option is calculated using the black-scholes option-pricing model ( in thousands , except per share amounts ) : . | 2005 | 2004 | 2003
net loss as reported | $ -171590 ( 171590 ) | $ -247587 ( 247587 ) | $ -325321 ( 325321 )
add : stock-based employee compensation expense net of related tax effect included in net loss as reported | 7104 | 2297 | 2077
less : total stock-based employee compensation expense determined under fair value based method for all awards net of related taxeffect | -22238 ( 22238 ) | -23906 ( 23906 ) | -31156 ( 31156 )
pro-forma net loss | $ -186724 ( 186724 ) | $ -269196 ( 269196 ) | $ -354400 ( 354400 )
basic and diluted net loss per share as reported | $ -0.57 ( 0.57 ) | $ -1.10 ( 1.10 ) | $ -1.56 ( 1.56 )
basic and diluted net loss per share pro-forma | $ -0.62 ( 0.62 ) | $ -1.20 ( 1.20 ) | $ -1.70 ( 1.70 ) the company has modified certain option awards to revise vesting and exercise terms for certain terminated employees and recognized charges of $ 7.0 million , $ 3.0 million and $ 2.3 million for the years ended december 31 , 2005 , 2004 and 2003 , respectively .in addition , the stock-based employee compensation amounts above for the year ended december 31 , 2005 , include approximately $ 2.4 million of unearned compensation amortization related to unvested stock options assumed in the merger with spectrasite , inc .such charges are reflected in impairments , net loss on sale of long-lived assets , restructuring and merger related expense with corresponding adjustments to additional paid-in capital and unearned compensation in the accompanying consolidated financial statements .recent accounting pronouncements 2014in december 2004 , the fasb issued sfas 123r , which supersedes apb no .25 , and amends sfas no .95 , 201cstatement of cash flows . 201d this statement addressed the accounting for share-based payments to employees , including grants of employee stock options .under the new standard .
Question: what was the pro-forma income in 2005?
Steps: Ask for number 186724
Answer: 186724000.0
Question: and what was the basic and diluted net loss per share pro-forma in that year?
Steps: multiply(186724, const_1000)
Answer: 0.62
Question: what was, then, the total number of outstanding shares in 2005?
Steps: Ask for number 0.62
Answer: 301167741.93548
Question: and how much is that in millions?
Steps: divide(#0, 0.62)
Answer: 301.16774
Question: what was the change in that pro-forma income since 2004?
Steps: divide(#1, const_1000000)
Answer: 82472.0
Question: and how much does this change represent in relation to that income in 2004, in percentage?
| -0.30636 | Read the following texts and table with financial data from an S&P 500 earnings report 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 ) sfas no .148 .in accordance with apb no .25 , the company recognizes compensation expense based on the excess , if any , of the quoted stock price at the grant date of the award or other measurement date over the amount an employee must pay to acquire the stock .the company 2019s stock option plans are more fully described in note 14 .in december 2004 , the fasb issued sfas no .123 ( revised 2004 ) , 201cshare-based payment 201d ( sfas 123r ) , as further described below .during the year ended december 31 , 2005 , the company reevaluated the assumptions used to estimate the fair value of stock options issued to employees .as a result , the company lowered its expected volatility assumption for options granted after july 1 , 2005 to approximately 30% ( 30 % ) and increased the expected life of option grants to 6.25 years using the simplified method permitted by sec sab no .107 , 201dshare-based payment 201d ( sab no .107 ) .the company made this change based on a number of factors , including the company 2019s execution of its strategic plans to sell non-core businesses , reduce leverage and refinance its debt , and its recent merger with spectrasite , inc .( see note 2. ) management had previously based its volatility assumptions on historical volatility since inception , which included periods when the company 2019s capital structure was more highly leveraged than current levels and expected levels for the foreseeable future .management 2019s estimate of future volatility is based on its consideration of all available information , including historical volatility , implied volatility of publicly traded options , the company 2019s current capital structure and its publicly announced future business plans .for comparative purposes , a 10% ( 10 % ) change in the volatility assumption would change pro forma stock option expense and pro forma net loss by approximately $ 0.1 million for the year ended december 31 , 2005 .( see note 14. ) the following table illustrates the effect on net loss and net loss per common share if the company had applied the fair value recognition provisions of sfas no .123 ( as amended ) to stock-based compensation .the estimated fair value of each option is calculated using the black-scholes option-pricing model ( in thousands , except per share amounts ) : . | 2005 | 2004 | 2003
net loss as reported | $ -171590 ( 171590 ) | $ -247587 ( 247587 ) | $ -325321 ( 325321 )
add : stock-based employee compensation expense net of related tax effect included in net loss as reported | 7104 | 2297 | 2077
less : total stock-based employee compensation expense determined under fair value based method for all awards net of related taxeffect | -22238 ( 22238 ) | -23906 ( 23906 ) | -31156 ( 31156 )
pro-forma net loss | $ -186724 ( 186724 ) | $ -269196 ( 269196 ) | $ -354400 ( 354400 )
basic and diluted net loss per share as reported | $ -0.57 ( 0.57 ) | $ -1.10 ( 1.10 ) | $ -1.56 ( 1.56 )
basic and diluted net loss per share pro-forma | $ -0.62 ( 0.62 ) | $ -1.20 ( 1.20 ) | $ -1.70 ( 1.70 ) the company has modified certain option awards to revise vesting and exercise terms for certain terminated employees and recognized charges of $ 7.0 million , $ 3.0 million and $ 2.3 million for the years ended december 31 , 2005 , 2004 and 2003 , respectively .in addition , the stock-based employee compensation amounts above for the year ended december 31 , 2005 , include approximately $ 2.4 million of unearned compensation amortization related to unvested stock options assumed in the merger with spectrasite , inc .such charges are reflected in impairments , net loss on sale of long-lived assets , restructuring and merger related expense with corresponding adjustments to additional paid-in capital and unearned compensation in the accompanying consolidated financial statements .recent accounting pronouncements 2014in december 2004 , the fasb issued sfas 123r , which supersedes apb no .25 , and amends sfas no .95 , 201cstatement of cash flows . 201d this statement addressed the accounting for share-based payments to employees , including grants of employee stock options .under the new standard .
Question: what was the pro-forma income in 2005?
Steps: Ask for number 186724
Answer: 186724000.0
Question: and what was the basic and diluted net loss per share pro-forma in that year?
Steps: multiply(186724, const_1000)
Answer: 0.62
Question: what was, then, the total number of outstanding shares in 2005?
Steps: Ask for number 0.62
Answer: 301167741.93548
Question: and how much is that in millions?
Steps: divide(#0, 0.62)
Answer: 301.16774
Question: what was the change in that pro-forma income since 2004?
Steps: divide(#1, const_1000000)
Answer: 82472.0
Question: and how much does this change represent in relation to that income in 2004, in percentage?
| convfinqa2379 |
during the years ended december 31 , 2013 , 2012 , and 2011 , we recognized approximately $ 6.5 million , $ 5.1 million and $ 4.7 million of compensation expense , respectively , for these options .as of december 31 , 2013 , there was approximately $ 20.3 million of total unrecognized compensation cost related to unvested stock options , which is expected to be recognized over a weighted average period of three years .stock-based compensation effective january 1 , 1999 , we implemented a deferred compensation plan , or the deferred plan , covering certain of our employees , including our executives .the shares issued under the deferred plan were granted to certain employees , including our executives and vesting will occur annually upon the completion of a service period or our meeting established financial performance criteria .annual vesting occurs at rates ranging from 15% ( 15 % ) to 35% ( 35 % ) once performance criteria are reached .a summary of our restricted stock as of december 31 , 2013 , 2012 and 2011 and charges during the years then ended are presented below: . | 2013 | 2012 | 2011
balance at beginning of year | 2804901 | 2912456 | 2728290
granted | 192563 | 92729 | 185333
cancelled | -3267 ( 3267 ) | -200284 ( 200284 ) | -1167 ( 1167 )
balance at end of year | 2994197 | 2804901 | 2912456
vested during the year | 21074 | 408800 | 66299
compensation expense recorded | $ 6713155 | $ 6930381 | $ 17365401
weighted average fair value of restricted stock granted during the year | $ 17386949 | $ 7023942 | $ 21768084 weighted average fair value of restricted stock granted during the year $ 17386949 $ 7023942 $ 21768084 the fair value of restricted stock that vested during the years ended december 31 , 2013 , 2012 and 2011 was $ 1.6 million , $ 22.4 million and $ 4.3 million , respectively .as of december 31 , 2013 , there was $ 17.8 million of total unrecognized compensation cost related to unvested restricted stock , which is expected to be recognized over a weighted average period of approximately 2.7 years .for the years ended december 31 , 2013 , 2012 and 2011 , approximately $ 4.5 million , $ 4.1 million and $ 3.4 million , respectively , was capitalized to assets associated with compensation expense related to our long-term compensation plans , restricted stock and stock options .we granted ltip units , which include bonus , time-based and performance based awards , with a fair value of $ 27.1 million , zero and $ 8.5 million as of 2013 , 2012 and 2011 , respectively .the grant date fair value of the ltip unit awards was calculated in accordance with asc 718 .a third party consultant determined the fair value of the ltip units to have a discount from sl green's common stock price .the discount was calculated by considering the inherent uncertainty that the ltip units will reach parity with other common partnership units and the illiquidity due to transfer restrictions .as of december 31 , 2013 , there was $ 5.0 million of total unrecognized compensation expense related to the time-based and performance based awards , which is expected to be recognized over a weighted average period of approximately 1.5 years .during the years ended december 31 , 2013 , 2012 and 2011 , we recorded compensation expense related to bonus , time-based and performance based awards of approximately $ 27.3 million , $ 12.6 million and $ 8.5 million , respectively .2010 notional unit long-term compensation plan in december 2009 , the compensation committee of the company's board of directors approved the general terms of the sl green realty corp .2010 notional unit long-term compensation program , or the 2010 long-term compensation plan .the 2010 long-term compensation plan is a long-term incentive compensation plan pursuant to which award recipients could earn , in the aggregate , from approximately $ 15.0 million up to approximately $ 75.0 million of ltip units in the operating partnership based on our stock price appreciation over three years beginning on december 1 , 2009 ; provided that , if maximum performance had been achieved , approximately $ 25.0 million of awards could be earned at any time after the beginning of the second year and an additional approximately $ 25.0 million of awards could be earned at any time after the beginning of the third year .in order to achieve maximum performance under the 2010 long-term compensation plan , our aggregate stock price appreciation during the performance period had to equal or exceed 50% ( 50 % ) .the compensation committee determined that maximum performance had been achieved at or shortly after the beginning of each of the second and third years of the performance period and for the full performance period and , accordingly , 366815 ltip units , 385583 ltip units and 327416 ltip units were earned under the 2010 long-term compensation plan in december 2010 , 2011 and 2012 , respectively .substantially in accordance with the original terms of the program , 50% ( 50 % ) of these ltip units vested on december 17 , 2012 ( accelerated from the original january 1 , 2013 vesting date ) , 25% ( 25 % ) of these ltip units vested on december 11 , 2013 ( accelerated from the original january 1 , 2014 vesting date ) and the remainder is scheduled to vest on january 1 , 2015 based on .
Question: in 2013, what percentage did the restricted stock that was cancelled represent in relation to the total?
| 0.00116 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
during the years ended december 31 , 2013 , 2012 , and 2011 , we recognized approximately $ 6.5 million , $ 5.1 million and $ 4.7 million of compensation expense , respectively , for these options .as of december 31 , 2013 , there was approximately $ 20.3 million of total unrecognized compensation cost related to unvested stock options , which is expected to be recognized over a weighted average period of three years .stock-based compensation effective january 1 , 1999 , we implemented a deferred compensation plan , or the deferred plan , covering certain of our employees , including our executives .the shares issued under the deferred plan were granted to certain employees , including our executives and vesting will occur annually upon the completion of a service period or our meeting established financial performance criteria .annual vesting occurs at rates ranging from 15% ( 15 % ) to 35% ( 35 % ) once performance criteria are reached .a summary of our restricted stock as of december 31 , 2013 , 2012 and 2011 and charges during the years then ended are presented below: . | 2013 | 2012 | 2011
balance at beginning of year | 2804901 | 2912456 | 2728290
granted | 192563 | 92729 | 185333
cancelled | -3267 ( 3267 ) | -200284 ( 200284 ) | -1167 ( 1167 )
balance at end of year | 2994197 | 2804901 | 2912456
vested during the year | 21074 | 408800 | 66299
compensation expense recorded | $ 6713155 | $ 6930381 | $ 17365401
weighted average fair value of restricted stock granted during the year | $ 17386949 | $ 7023942 | $ 21768084 weighted average fair value of restricted stock granted during the year $ 17386949 $ 7023942 $ 21768084 the fair value of restricted stock that vested during the years ended december 31 , 2013 , 2012 and 2011 was $ 1.6 million , $ 22.4 million and $ 4.3 million , respectively .as of december 31 , 2013 , there was $ 17.8 million of total unrecognized compensation cost related to unvested restricted stock , which is expected to be recognized over a weighted average period of approximately 2.7 years .for the years ended december 31 , 2013 , 2012 and 2011 , approximately $ 4.5 million , $ 4.1 million and $ 3.4 million , respectively , was capitalized to assets associated with compensation expense related to our long-term compensation plans , restricted stock and stock options .we granted ltip units , which include bonus , time-based and performance based awards , with a fair value of $ 27.1 million , zero and $ 8.5 million as of 2013 , 2012 and 2011 , respectively .the grant date fair value of the ltip unit awards was calculated in accordance with asc 718 .a third party consultant determined the fair value of the ltip units to have a discount from sl green's common stock price .the discount was calculated by considering the inherent uncertainty that the ltip units will reach parity with other common partnership units and the illiquidity due to transfer restrictions .as of december 31 , 2013 , there was $ 5.0 million of total unrecognized compensation expense related to the time-based and performance based awards , which is expected to be recognized over a weighted average period of approximately 1.5 years .during the years ended december 31 , 2013 , 2012 and 2011 , we recorded compensation expense related to bonus , time-based and performance based awards of approximately $ 27.3 million , $ 12.6 million and $ 8.5 million , respectively .2010 notional unit long-term compensation plan in december 2009 , the compensation committee of the company's board of directors approved the general terms of the sl green realty corp .2010 notional unit long-term compensation program , or the 2010 long-term compensation plan .the 2010 long-term compensation plan is a long-term incentive compensation plan pursuant to which award recipients could earn , in the aggregate , from approximately $ 15.0 million up to approximately $ 75.0 million of ltip units in the operating partnership based on our stock price appreciation over three years beginning on december 1 , 2009 ; provided that , if maximum performance had been achieved , approximately $ 25.0 million of awards could be earned at any time after the beginning of the second year and an additional approximately $ 25.0 million of awards could be earned at any time after the beginning of the third year .in order to achieve maximum performance under the 2010 long-term compensation plan , our aggregate stock price appreciation during the performance period had to equal or exceed 50% ( 50 % ) .the compensation committee determined that maximum performance had been achieved at or shortly after the beginning of each of the second and third years of the performance period and for the full performance period and , accordingly , 366815 ltip units , 385583 ltip units and 327416 ltip units were earned under the 2010 long-term compensation plan in december 2010 , 2011 and 2012 , respectively .substantially in accordance with the original terms of the program , 50% ( 50 % ) of these ltip units vested on december 17 , 2012 ( accelerated from the original january 1 , 2013 vesting date ) , 25% ( 25 % ) of these ltip units vested on december 11 , 2013 ( accelerated from the original january 1 , 2014 vesting date ) and the remainder is scheduled to vest on january 1 , 2015 based on .
Question: in 2013, what percentage did the restricted stock that was cancelled represent in relation to the total?
| convfinqa2380 |
during the years ended december 31 , 2013 , 2012 , and 2011 , we recognized approximately $ 6.5 million , $ 5.1 million and $ 4.7 million of compensation expense , respectively , for these options .as of december 31 , 2013 , there was approximately $ 20.3 million of total unrecognized compensation cost related to unvested stock options , which is expected to be recognized over a weighted average period of three years .stock-based compensation effective january 1 , 1999 , we implemented a deferred compensation plan , or the deferred plan , covering certain of our employees , including our executives .the shares issued under the deferred plan were granted to certain employees , including our executives and vesting will occur annually upon the completion of a service period or our meeting established financial performance criteria .annual vesting occurs at rates ranging from 15% ( 15 % ) to 35% ( 35 % ) once performance criteria are reached .a summary of our restricted stock as of december 31 , 2013 , 2012 and 2011 and charges during the years then ended are presented below: . | 2013 | 2012 | 2011
balance at beginning of year | 2804901 | 2912456 | 2728290
granted | 192563 | 92729 | 185333
cancelled | -3267 ( 3267 ) | -200284 ( 200284 ) | -1167 ( 1167 )
balance at end of year | 2994197 | 2804901 | 2912456
vested during the year | 21074 | 408800 | 66299
compensation expense recorded | $ 6713155 | $ 6930381 | $ 17365401
weighted average fair value of restricted stock granted during the year | $ 17386949 | $ 7023942 | $ 21768084 weighted average fair value of restricted stock granted during the year $ 17386949 $ 7023942 $ 21768084 the fair value of restricted stock that vested during the years ended december 31 , 2013 , 2012 and 2011 was $ 1.6 million , $ 22.4 million and $ 4.3 million , respectively .as of december 31 , 2013 , there was $ 17.8 million of total unrecognized compensation cost related to unvested restricted stock , which is expected to be recognized over a weighted average period of approximately 2.7 years .for the years ended december 31 , 2013 , 2012 and 2011 , approximately $ 4.5 million , $ 4.1 million and $ 3.4 million , respectively , was capitalized to assets associated with compensation expense related to our long-term compensation plans , restricted stock and stock options .we granted ltip units , which include bonus , time-based and performance based awards , with a fair value of $ 27.1 million , zero and $ 8.5 million as of 2013 , 2012 and 2011 , respectively .the grant date fair value of the ltip unit awards was calculated in accordance with asc 718 .a third party consultant determined the fair value of the ltip units to have a discount from sl green's common stock price .the discount was calculated by considering the inherent uncertainty that the ltip units will reach parity with other common partnership units and the illiquidity due to transfer restrictions .as of december 31 , 2013 , there was $ 5.0 million of total unrecognized compensation expense related to the time-based and performance based awards , which is expected to be recognized over a weighted average period of approximately 1.5 years .during the years ended december 31 , 2013 , 2012 and 2011 , we recorded compensation expense related to bonus , time-based and performance based awards of approximately $ 27.3 million , $ 12.6 million and $ 8.5 million , respectively .2010 notional unit long-term compensation plan in december 2009 , the compensation committee of the company's board of directors approved the general terms of the sl green realty corp .2010 notional unit long-term compensation program , or the 2010 long-term compensation plan .the 2010 long-term compensation plan is a long-term incentive compensation plan pursuant to which award recipients could earn , in the aggregate , from approximately $ 15.0 million up to approximately $ 75.0 million of ltip units in the operating partnership based on our stock price appreciation over three years beginning on december 1 , 2009 ; provided that , if maximum performance had been achieved , approximately $ 25.0 million of awards could be earned at any time after the beginning of the second year and an additional approximately $ 25.0 million of awards could be earned at any time after the beginning of the third year .in order to achieve maximum performance under the 2010 long-term compensation plan , our aggregate stock price appreciation during the performance period had to equal or exceed 50% ( 50 % ) .the compensation committee determined that maximum performance had been achieved at or shortly after the beginning of each of the second and third years of the performance period and for the full performance period and , accordingly , 366815 ltip units , 385583 ltip units and 327416 ltip units were earned under the 2010 long-term compensation plan in december 2010 , 2011 and 2012 , respectively .substantially in accordance with the original terms of the program , 50% ( 50 % ) of these ltip units vested on december 17 , 2012 ( accelerated from the original january 1 , 2013 vesting date ) , 25% ( 25 % ) of these ltip units vested on december 11 , 2013 ( accelerated from the original january 1 , 2014 vesting date ) and the remainder is scheduled to vest on january 1 , 2015 based on .
Question: in 2013, what percentage did the restricted stock that was cancelled represent in relation to the total?
Steps: divide(3267, 2804901)
Answer: 0.00116
Question: and in that same year, what was the recorded compensation expense related to bonus, time-based and performance based awards?
| 27.3 | 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.
during the years ended december 31 , 2013 , 2012 , and 2011 , we recognized approximately $ 6.5 million , $ 5.1 million and $ 4.7 million of compensation expense , respectively , for these options .as of december 31 , 2013 , there was approximately $ 20.3 million of total unrecognized compensation cost related to unvested stock options , which is expected to be recognized over a weighted average period of three years .stock-based compensation effective january 1 , 1999 , we implemented a deferred compensation plan , or the deferred plan , covering certain of our employees , including our executives .the shares issued under the deferred plan were granted to certain employees , including our executives and vesting will occur annually upon the completion of a service period or our meeting established financial performance criteria .annual vesting occurs at rates ranging from 15% ( 15 % ) to 35% ( 35 % ) once performance criteria are reached .a summary of our restricted stock as of december 31 , 2013 , 2012 and 2011 and charges during the years then ended are presented below: . | 2013 | 2012 | 2011
balance at beginning of year | 2804901 | 2912456 | 2728290
granted | 192563 | 92729 | 185333
cancelled | -3267 ( 3267 ) | -200284 ( 200284 ) | -1167 ( 1167 )
balance at end of year | 2994197 | 2804901 | 2912456
vested during the year | 21074 | 408800 | 66299
compensation expense recorded | $ 6713155 | $ 6930381 | $ 17365401
weighted average fair value of restricted stock granted during the year | $ 17386949 | $ 7023942 | $ 21768084 weighted average fair value of restricted stock granted during the year $ 17386949 $ 7023942 $ 21768084 the fair value of restricted stock that vested during the years ended december 31 , 2013 , 2012 and 2011 was $ 1.6 million , $ 22.4 million and $ 4.3 million , respectively .as of december 31 , 2013 , there was $ 17.8 million of total unrecognized compensation cost related to unvested restricted stock , which is expected to be recognized over a weighted average period of approximately 2.7 years .for the years ended december 31 , 2013 , 2012 and 2011 , approximately $ 4.5 million , $ 4.1 million and $ 3.4 million , respectively , was capitalized to assets associated with compensation expense related to our long-term compensation plans , restricted stock and stock options .we granted ltip units , which include bonus , time-based and performance based awards , with a fair value of $ 27.1 million , zero and $ 8.5 million as of 2013 , 2012 and 2011 , respectively .the grant date fair value of the ltip unit awards was calculated in accordance with asc 718 .a third party consultant determined the fair value of the ltip units to have a discount from sl green's common stock price .the discount was calculated by considering the inherent uncertainty that the ltip units will reach parity with other common partnership units and the illiquidity due to transfer restrictions .as of december 31 , 2013 , there was $ 5.0 million of total unrecognized compensation expense related to the time-based and performance based awards , which is expected to be recognized over a weighted average period of approximately 1.5 years .during the years ended december 31 , 2013 , 2012 and 2011 , we recorded compensation expense related to bonus , time-based and performance based awards of approximately $ 27.3 million , $ 12.6 million and $ 8.5 million , respectively .2010 notional unit long-term compensation plan in december 2009 , the compensation committee of the company's board of directors approved the general terms of the sl green realty corp .2010 notional unit long-term compensation program , or the 2010 long-term compensation plan .the 2010 long-term compensation plan is a long-term incentive compensation plan pursuant to which award recipients could earn , in the aggregate , from approximately $ 15.0 million up to approximately $ 75.0 million of ltip units in the operating partnership based on our stock price appreciation over three years beginning on december 1 , 2009 ; provided that , if maximum performance had been achieved , approximately $ 25.0 million of awards could be earned at any time after the beginning of the second year and an additional approximately $ 25.0 million of awards could be earned at any time after the beginning of the third year .in order to achieve maximum performance under the 2010 long-term compensation plan , our aggregate stock price appreciation during the performance period had to equal or exceed 50% ( 50 % ) .the compensation committee determined that maximum performance had been achieved at or shortly after the beginning of each of the second and third years of the performance period and for the full performance period and , accordingly , 366815 ltip units , 385583 ltip units and 327416 ltip units were earned under the 2010 long-term compensation plan in december 2010 , 2011 and 2012 , respectively .substantially in accordance with the original terms of the program , 50% ( 50 % ) of these ltip units vested on december 17 , 2012 ( accelerated from the original january 1 , 2013 vesting date ) , 25% ( 25 % ) of these ltip units vested on december 11 , 2013 ( accelerated from the original january 1 , 2014 vesting date ) and the remainder is scheduled to vest on january 1 , 2015 based on .
Question: in 2013, what percentage did the restricted stock that was cancelled represent in relation to the total?
Steps: divide(3267, 2804901)
Answer: 0.00116
Question: and in that same year, what was the recorded compensation expense related to bonus, time-based and performance based awards?
| convfinqa2381 |
during the years ended december 31 , 2013 , 2012 , and 2011 , we recognized approximately $ 6.5 million , $ 5.1 million and $ 4.7 million of compensation expense , respectively , for these options .as of december 31 , 2013 , there was approximately $ 20.3 million of total unrecognized compensation cost related to unvested stock options , which is expected to be recognized over a weighted average period of three years .stock-based compensation effective january 1 , 1999 , we implemented a deferred compensation plan , or the deferred plan , covering certain of our employees , including our executives .the shares issued under the deferred plan were granted to certain employees , including our executives and vesting will occur annually upon the completion of a service period or our meeting established financial performance criteria .annual vesting occurs at rates ranging from 15% ( 15 % ) to 35% ( 35 % ) once performance criteria are reached .a summary of our restricted stock as of december 31 , 2013 , 2012 and 2011 and charges during the years then ended are presented below: . | 2013 | 2012 | 2011
balance at beginning of year | 2804901 | 2912456 | 2728290
granted | 192563 | 92729 | 185333
cancelled | -3267 ( 3267 ) | -200284 ( 200284 ) | -1167 ( 1167 )
balance at end of year | 2994197 | 2804901 | 2912456
vested during the year | 21074 | 408800 | 66299
compensation expense recorded | $ 6713155 | $ 6930381 | $ 17365401
weighted average fair value of restricted stock granted during the year | $ 17386949 | $ 7023942 | $ 21768084 weighted average fair value of restricted stock granted during the year $ 17386949 $ 7023942 $ 21768084 the fair value of restricted stock that vested during the years ended december 31 , 2013 , 2012 and 2011 was $ 1.6 million , $ 22.4 million and $ 4.3 million , respectively .as of december 31 , 2013 , there was $ 17.8 million of total unrecognized compensation cost related to unvested restricted stock , which is expected to be recognized over a weighted average period of approximately 2.7 years .for the years ended december 31 , 2013 , 2012 and 2011 , approximately $ 4.5 million , $ 4.1 million and $ 3.4 million , respectively , was capitalized to assets associated with compensation expense related to our long-term compensation plans , restricted stock and stock options .we granted ltip units , which include bonus , time-based and performance based awards , with a fair value of $ 27.1 million , zero and $ 8.5 million as of 2013 , 2012 and 2011 , respectively .the grant date fair value of the ltip unit awards was calculated in accordance with asc 718 .a third party consultant determined the fair value of the ltip units to have a discount from sl green's common stock price .the discount was calculated by considering the inherent uncertainty that the ltip units will reach parity with other common partnership units and the illiquidity due to transfer restrictions .as of december 31 , 2013 , there was $ 5.0 million of total unrecognized compensation expense related to the time-based and performance based awards , which is expected to be recognized over a weighted average period of approximately 1.5 years .during the years ended december 31 , 2013 , 2012 and 2011 , we recorded compensation expense related to bonus , time-based and performance based awards of approximately $ 27.3 million , $ 12.6 million and $ 8.5 million , respectively .2010 notional unit long-term compensation plan in december 2009 , the compensation committee of the company's board of directors approved the general terms of the sl green realty corp .2010 notional unit long-term compensation program , or the 2010 long-term compensation plan .the 2010 long-term compensation plan is a long-term incentive compensation plan pursuant to which award recipients could earn , in the aggregate , from approximately $ 15.0 million up to approximately $ 75.0 million of ltip units in the operating partnership based on our stock price appreciation over three years beginning on december 1 , 2009 ; provided that , if maximum performance had been achieved , approximately $ 25.0 million of awards could be earned at any time after the beginning of the second year and an additional approximately $ 25.0 million of awards could be earned at any time after the beginning of the third year .in order to achieve maximum performance under the 2010 long-term compensation plan , our aggregate stock price appreciation during the performance period had to equal or exceed 50% ( 50 % ) .the compensation committee determined that maximum performance had been achieved at or shortly after the beginning of each of the second and third years of the performance period and for the full performance period and , accordingly , 366815 ltip units , 385583 ltip units and 327416 ltip units were earned under the 2010 long-term compensation plan in december 2010 , 2011 and 2012 , respectively .substantially in accordance with the original terms of the program , 50% ( 50 % ) of these ltip units vested on december 17 , 2012 ( accelerated from the original january 1 , 2013 vesting date ) , 25% ( 25 % ) of these ltip units vested on december 11 , 2013 ( accelerated from the original january 1 , 2014 vesting date ) and the remainder is scheduled to vest on january 1 , 2015 based on .
Question: in 2013, what percentage did the restricted stock that was cancelled represent in relation to the total?
Steps: divide(3267, 2804901)
Answer: 0.00116
Question: and in that same year, what was the recorded compensation expense related to bonus, time-based and performance based awards?
Steps: Ask for number 27.3
Answer: 27.3
Question: what was it in 2012?
| 12.6 | 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.
during the years ended december 31 , 2013 , 2012 , and 2011 , we recognized approximately $ 6.5 million , $ 5.1 million and $ 4.7 million of compensation expense , respectively , for these options .as of december 31 , 2013 , there was approximately $ 20.3 million of total unrecognized compensation cost related to unvested stock options , which is expected to be recognized over a weighted average period of three years .stock-based compensation effective january 1 , 1999 , we implemented a deferred compensation plan , or the deferred plan , covering certain of our employees , including our executives .the shares issued under the deferred plan were granted to certain employees , including our executives and vesting will occur annually upon the completion of a service period or our meeting established financial performance criteria .annual vesting occurs at rates ranging from 15% ( 15 % ) to 35% ( 35 % ) once performance criteria are reached .a summary of our restricted stock as of december 31 , 2013 , 2012 and 2011 and charges during the years then ended are presented below: . | 2013 | 2012 | 2011
balance at beginning of year | 2804901 | 2912456 | 2728290
granted | 192563 | 92729 | 185333
cancelled | -3267 ( 3267 ) | -200284 ( 200284 ) | -1167 ( 1167 )
balance at end of year | 2994197 | 2804901 | 2912456
vested during the year | 21074 | 408800 | 66299
compensation expense recorded | $ 6713155 | $ 6930381 | $ 17365401
weighted average fair value of restricted stock granted during the year | $ 17386949 | $ 7023942 | $ 21768084 weighted average fair value of restricted stock granted during the year $ 17386949 $ 7023942 $ 21768084 the fair value of restricted stock that vested during the years ended december 31 , 2013 , 2012 and 2011 was $ 1.6 million , $ 22.4 million and $ 4.3 million , respectively .as of december 31 , 2013 , there was $ 17.8 million of total unrecognized compensation cost related to unvested restricted stock , which is expected to be recognized over a weighted average period of approximately 2.7 years .for the years ended december 31 , 2013 , 2012 and 2011 , approximately $ 4.5 million , $ 4.1 million and $ 3.4 million , respectively , was capitalized to assets associated with compensation expense related to our long-term compensation plans , restricted stock and stock options .we granted ltip units , which include bonus , time-based and performance based awards , with a fair value of $ 27.1 million , zero and $ 8.5 million as of 2013 , 2012 and 2011 , respectively .the grant date fair value of the ltip unit awards was calculated in accordance with asc 718 .a third party consultant determined the fair value of the ltip units to have a discount from sl green's common stock price .the discount was calculated by considering the inherent uncertainty that the ltip units will reach parity with other common partnership units and the illiquidity due to transfer restrictions .as of december 31 , 2013 , there was $ 5.0 million of total unrecognized compensation expense related to the time-based and performance based awards , which is expected to be recognized over a weighted average period of approximately 1.5 years .during the years ended december 31 , 2013 , 2012 and 2011 , we recorded compensation expense related to bonus , time-based and performance based awards of approximately $ 27.3 million , $ 12.6 million and $ 8.5 million , respectively .2010 notional unit long-term compensation plan in december 2009 , the compensation committee of the company's board of directors approved the general terms of the sl green realty corp .2010 notional unit long-term compensation program , or the 2010 long-term compensation plan .the 2010 long-term compensation plan is a long-term incentive compensation plan pursuant to which award recipients could earn , in the aggregate , from approximately $ 15.0 million up to approximately $ 75.0 million of ltip units in the operating partnership based on our stock price appreciation over three years beginning on december 1 , 2009 ; provided that , if maximum performance had been achieved , approximately $ 25.0 million of awards could be earned at any time after the beginning of the second year and an additional approximately $ 25.0 million of awards could be earned at any time after the beginning of the third year .in order to achieve maximum performance under the 2010 long-term compensation plan , our aggregate stock price appreciation during the performance period had to equal or exceed 50% ( 50 % ) .the compensation committee determined that maximum performance had been achieved at or shortly after the beginning of each of the second and third years of the performance period and for the full performance period and , accordingly , 366815 ltip units , 385583 ltip units and 327416 ltip units were earned under the 2010 long-term compensation plan in december 2010 , 2011 and 2012 , respectively .substantially in accordance with the original terms of the program , 50% ( 50 % ) of these ltip units vested on december 17 , 2012 ( accelerated from the original january 1 , 2013 vesting date ) , 25% ( 25 % ) of these ltip units vested on december 11 , 2013 ( accelerated from the original january 1 , 2014 vesting date ) and the remainder is scheduled to vest on january 1 , 2015 based on .
Question: in 2013, what percentage did the restricted stock that was cancelled represent in relation to the total?
Steps: divide(3267, 2804901)
Answer: 0.00116
Question: and in that same year, what was the recorded compensation expense related to bonus, time-based and performance based awards?
Steps: Ask for number 27.3
Answer: 27.3
Question: what was it in 2012?
| convfinqa2382 |
during the years ended december 31 , 2013 , 2012 , and 2011 , we recognized approximately $ 6.5 million , $ 5.1 million and $ 4.7 million of compensation expense , respectively , for these options .as of december 31 , 2013 , there was approximately $ 20.3 million of total unrecognized compensation cost related to unvested stock options , which is expected to be recognized over a weighted average period of three years .stock-based compensation effective january 1 , 1999 , we implemented a deferred compensation plan , or the deferred plan , covering certain of our employees , including our executives .the shares issued under the deferred plan were granted to certain employees , including our executives and vesting will occur annually upon the completion of a service period or our meeting established financial performance criteria .annual vesting occurs at rates ranging from 15% ( 15 % ) to 35% ( 35 % ) once performance criteria are reached .a summary of our restricted stock as of december 31 , 2013 , 2012 and 2011 and charges during the years then ended are presented below: . | 2013 | 2012 | 2011
balance at beginning of year | 2804901 | 2912456 | 2728290
granted | 192563 | 92729 | 185333
cancelled | -3267 ( 3267 ) | -200284 ( 200284 ) | -1167 ( 1167 )
balance at end of year | 2994197 | 2804901 | 2912456
vested during the year | 21074 | 408800 | 66299
compensation expense recorded | $ 6713155 | $ 6930381 | $ 17365401
weighted average fair value of restricted stock granted during the year | $ 17386949 | $ 7023942 | $ 21768084 weighted average fair value of restricted stock granted during the year $ 17386949 $ 7023942 $ 21768084 the fair value of restricted stock that vested during the years ended december 31 , 2013 , 2012 and 2011 was $ 1.6 million , $ 22.4 million and $ 4.3 million , respectively .as of december 31 , 2013 , there was $ 17.8 million of total unrecognized compensation cost related to unvested restricted stock , which is expected to be recognized over a weighted average period of approximately 2.7 years .for the years ended december 31 , 2013 , 2012 and 2011 , approximately $ 4.5 million , $ 4.1 million and $ 3.4 million , respectively , was capitalized to assets associated with compensation expense related to our long-term compensation plans , restricted stock and stock options .we granted ltip units , which include bonus , time-based and performance based awards , with a fair value of $ 27.1 million , zero and $ 8.5 million as of 2013 , 2012 and 2011 , respectively .the grant date fair value of the ltip unit awards was calculated in accordance with asc 718 .a third party consultant determined the fair value of the ltip units to have a discount from sl green's common stock price .the discount was calculated by considering the inherent uncertainty that the ltip units will reach parity with other common partnership units and the illiquidity due to transfer restrictions .as of december 31 , 2013 , there was $ 5.0 million of total unrecognized compensation expense related to the time-based and performance based awards , which is expected to be recognized over a weighted average period of approximately 1.5 years .during the years ended december 31 , 2013 , 2012 and 2011 , we recorded compensation expense related to bonus , time-based and performance based awards of approximately $ 27.3 million , $ 12.6 million and $ 8.5 million , respectively .2010 notional unit long-term compensation plan in december 2009 , the compensation committee of the company's board of directors approved the general terms of the sl green realty corp .2010 notional unit long-term compensation program , or the 2010 long-term compensation plan .the 2010 long-term compensation plan is a long-term incentive compensation plan pursuant to which award recipients could earn , in the aggregate , from approximately $ 15.0 million up to approximately $ 75.0 million of ltip units in the operating partnership based on our stock price appreciation over three years beginning on december 1 , 2009 ; provided that , if maximum performance had been achieved , approximately $ 25.0 million of awards could be earned at any time after the beginning of the second year and an additional approximately $ 25.0 million of awards could be earned at any time after the beginning of the third year .in order to achieve maximum performance under the 2010 long-term compensation plan , our aggregate stock price appreciation during the performance period had to equal or exceed 50% ( 50 % ) .the compensation committee determined that maximum performance had been achieved at or shortly after the beginning of each of the second and third years of the performance period and for the full performance period and , accordingly , 366815 ltip units , 385583 ltip units and 327416 ltip units were earned under the 2010 long-term compensation plan in december 2010 , 2011 and 2012 , respectively .substantially in accordance with the original terms of the program , 50% ( 50 % ) of these ltip units vested on december 17 , 2012 ( accelerated from the original january 1 , 2013 vesting date ) , 25% ( 25 % ) of these ltip units vested on december 11 , 2013 ( accelerated from the original january 1 , 2014 vesting date ) and the remainder is scheduled to vest on january 1 , 2015 based on .
Question: in 2013, what percentage did the restricted stock that was cancelled represent in relation to the total?
Steps: divide(3267, 2804901)
Answer: 0.00116
Question: and in that same year, what was the recorded compensation expense related to bonus, time-based and performance based awards?
Steps: Ask for number 27.3
Answer: 27.3
Question: what was it in 2012?
Steps: Ask for number 12.6
Answer: 12.6
Question: what was, then, the total for both years?
| 39.9 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
during the years ended december 31 , 2013 , 2012 , and 2011 , we recognized approximately $ 6.5 million , $ 5.1 million and $ 4.7 million of compensation expense , respectively , for these options .as of december 31 , 2013 , there was approximately $ 20.3 million of total unrecognized compensation cost related to unvested stock options , which is expected to be recognized over a weighted average period of three years .stock-based compensation effective january 1 , 1999 , we implemented a deferred compensation plan , or the deferred plan , covering certain of our employees , including our executives .the shares issued under the deferred plan were granted to certain employees , including our executives and vesting will occur annually upon the completion of a service period or our meeting established financial performance criteria .annual vesting occurs at rates ranging from 15% ( 15 % ) to 35% ( 35 % ) once performance criteria are reached .a summary of our restricted stock as of december 31 , 2013 , 2012 and 2011 and charges during the years then ended are presented below: . | 2013 | 2012 | 2011
balance at beginning of year | 2804901 | 2912456 | 2728290
granted | 192563 | 92729 | 185333
cancelled | -3267 ( 3267 ) | -200284 ( 200284 ) | -1167 ( 1167 )
balance at end of year | 2994197 | 2804901 | 2912456
vested during the year | 21074 | 408800 | 66299
compensation expense recorded | $ 6713155 | $ 6930381 | $ 17365401
weighted average fair value of restricted stock granted during the year | $ 17386949 | $ 7023942 | $ 21768084 weighted average fair value of restricted stock granted during the year $ 17386949 $ 7023942 $ 21768084 the fair value of restricted stock that vested during the years ended december 31 , 2013 , 2012 and 2011 was $ 1.6 million , $ 22.4 million and $ 4.3 million , respectively .as of december 31 , 2013 , there was $ 17.8 million of total unrecognized compensation cost related to unvested restricted stock , which is expected to be recognized over a weighted average period of approximately 2.7 years .for the years ended december 31 , 2013 , 2012 and 2011 , approximately $ 4.5 million , $ 4.1 million and $ 3.4 million , respectively , was capitalized to assets associated with compensation expense related to our long-term compensation plans , restricted stock and stock options .we granted ltip units , which include bonus , time-based and performance based awards , with a fair value of $ 27.1 million , zero and $ 8.5 million as of 2013 , 2012 and 2011 , respectively .the grant date fair value of the ltip unit awards was calculated in accordance with asc 718 .a third party consultant determined the fair value of the ltip units to have a discount from sl green's common stock price .the discount was calculated by considering the inherent uncertainty that the ltip units will reach parity with other common partnership units and the illiquidity due to transfer restrictions .as of december 31 , 2013 , there was $ 5.0 million of total unrecognized compensation expense related to the time-based and performance based awards , which is expected to be recognized over a weighted average period of approximately 1.5 years .during the years ended december 31 , 2013 , 2012 and 2011 , we recorded compensation expense related to bonus , time-based and performance based awards of approximately $ 27.3 million , $ 12.6 million and $ 8.5 million , respectively .2010 notional unit long-term compensation plan in december 2009 , the compensation committee of the company's board of directors approved the general terms of the sl green realty corp .2010 notional unit long-term compensation program , or the 2010 long-term compensation plan .the 2010 long-term compensation plan is a long-term incentive compensation plan pursuant to which award recipients could earn , in the aggregate , from approximately $ 15.0 million up to approximately $ 75.0 million of ltip units in the operating partnership based on our stock price appreciation over three years beginning on december 1 , 2009 ; provided that , if maximum performance had been achieved , approximately $ 25.0 million of awards could be earned at any time after the beginning of the second year and an additional approximately $ 25.0 million of awards could be earned at any time after the beginning of the third year .in order to achieve maximum performance under the 2010 long-term compensation plan , our aggregate stock price appreciation during the performance period had to equal or exceed 50% ( 50 % ) .the compensation committee determined that maximum performance had been achieved at or shortly after the beginning of each of the second and third years of the performance period and for the full performance period and , accordingly , 366815 ltip units , 385583 ltip units and 327416 ltip units were earned under the 2010 long-term compensation plan in december 2010 , 2011 and 2012 , respectively .substantially in accordance with the original terms of the program , 50% ( 50 % ) of these ltip units vested on december 17 , 2012 ( accelerated from the original january 1 , 2013 vesting date ) , 25% ( 25 % ) of these ltip units vested on december 11 , 2013 ( accelerated from the original january 1 , 2014 vesting date ) and the remainder is scheduled to vest on january 1 , 2015 based on .
Question: in 2013, what percentage did the restricted stock that was cancelled represent in relation to the total?
Steps: divide(3267, 2804901)
Answer: 0.00116
Question: and in that same year, what was the recorded compensation expense related to bonus, time-based and performance based awards?
Steps: Ask for number 27.3
Answer: 27.3
Question: what was it in 2012?
Steps: Ask for number 12.6
Answer: 12.6
Question: what was, then, the total for both years?
| convfinqa2383 |
during the years ended december 31 , 2013 , 2012 , and 2011 , we recognized approximately $ 6.5 million , $ 5.1 million and $ 4.7 million of compensation expense , respectively , for these options .as of december 31 , 2013 , there was approximately $ 20.3 million of total unrecognized compensation cost related to unvested stock options , which is expected to be recognized over a weighted average period of three years .stock-based compensation effective january 1 , 1999 , we implemented a deferred compensation plan , or the deferred plan , covering certain of our employees , including our executives .the shares issued under the deferred plan were granted to certain employees , including our executives and vesting will occur annually upon the completion of a service period or our meeting established financial performance criteria .annual vesting occurs at rates ranging from 15% ( 15 % ) to 35% ( 35 % ) once performance criteria are reached .a summary of our restricted stock as of december 31 , 2013 , 2012 and 2011 and charges during the years then ended are presented below: . | 2013 | 2012 | 2011
balance at beginning of year | 2804901 | 2912456 | 2728290
granted | 192563 | 92729 | 185333
cancelled | -3267 ( 3267 ) | -200284 ( 200284 ) | -1167 ( 1167 )
balance at end of year | 2994197 | 2804901 | 2912456
vested during the year | 21074 | 408800 | 66299
compensation expense recorded | $ 6713155 | $ 6930381 | $ 17365401
weighted average fair value of restricted stock granted during the year | $ 17386949 | $ 7023942 | $ 21768084 weighted average fair value of restricted stock granted during the year $ 17386949 $ 7023942 $ 21768084 the fair value of restricted stock that vested during the years ended december 31 , 2013 , 2012 and 2011 was $ 1.6 million , $ 22.4 million and $ 4.3 million , respectively .as of december 31 , 2013 , there was $ 17.8 million of total unrecognized compensation cost related to unvested restricted stock , which is expected to be recognized over a weighted average period of approximately 2.7 years .for the years ended december 31 , 2013 , 2012 and 2011 , approximately $ 4.5 million , $ 4.1 million and $ 3.4 million , respectively , was capitalized to assets associated with compensation expense related to our long-term compensation plans , restricted stock and stock options .we granted ltip units , which include bonus , time-based and performance based awards , with a fair value of $ 27.1 million , zero and $ 8.5 million as of 2013 , 2012 and 2011 , respectively .the grant date fair value of the ltip unit awards was calculated in accordance with asc 718 .a third party consultant determined the fair value of the ltip units to have a discount from sl green's common stock price .the discount was calculated by considering the inherent uncertainty that the ltip units will reach parity with other common partnership units and the illiquidity due to transfer restrictions .as of december 31 , 2013 , there was $ 5.0 million of total unrecognized compensation expense related to the time-based and performance based awards , which is expected to be recognized over a weighted average period of approximately 1.5 years .during the years ended december 31 , 2013 , 2012 and 2011 , we recorded compensation expense related to bonus , time-based and performance based awards of approximately $ 27.3 million , $ 12.6 million and $ 8.5 million , respectively .2010 notional unit long-term compensation plan in december 2009 , the compensation committee of the company's board of directors approved the general terms of the sl green realty corp .2010 notional unit long-term compensation program , or the 2010 long-term compensation plan .the 2010 long-term compensation plan is a long-term incentive compensation plan pursuant to which award recipients could earn , in the aggregate , from approximately $ 15.0 million up to approximately $ 75.0 million of ltip units in the operating partnership based on our stock price appreciation over three years beginning on december 1 , 2009 ; provided that , if maximum performance had been achieved , approximately $ 25.0 million of awards could be earned at any time after the beginning of the second year and an additional approximately $ 25.0 million of awards could be earned at any time after the beginning of the third year .in order to achieve maximum performance under the 2010 long-term compensation plan , our aggregate stock price appreciation during the performance period had to equal or exceed 50% ( 50 % ) .the compensation committee determined that maximum performance had been achieved at or shortly after the beginning of each of the second and third years of the performance period and for the full performance period and , accordingly , 366815 ltip units , 385583 ltip units and 327416 ltip units were earned under the 2010 long-term compensation plan in december 2010 , 2011 and 2012 , respectively .substantially in accordance with the original terms of the program , 50% ( 50 % ) of these ltip units vested on december 17 , 2012 ( accelerated from the original january 1 , 2013 vesting date ) , 25% ( 25 % ) of these ltip units vested on december 11 , 2013 ( accelerated from the original january 1 , 2014 vesting date ) and the remainder is scheduled to vest on january 1 , 2015 based on .
Question: in 2013, what percentage did the restricted stock that was cancelled represent in relation to the total?
Steps: divide(3267, 2804901)
Answer: 0.00116
Question: and in that same year, what was the recorded compensation expense related to bonus, time-based and performance based awards?
Steps: Ask for number 27.3
Answer: 27.3
Question: what was it in 2012?
Steps: Ask for number 12.6
Answer: 12.6
Question: what was, then, the total for both years?
Steps: add(27.3, 12.6)
Answer: 39.9
Question: including 2011, what then becomes this total?
| 48.4 | 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.
during the years ended december 31 , 2013 , 2012 , and 2011 , we recognized approximately $ 6.5 million , $ 5.1 million and $ 4.7 million of compensation expense , respectively , for these options .as of december 31 , 2013 , there was approximately $ 20.3 million of total unrecognized compensation cost related to unvested stock options , which is expected to be recognized over a weighted average period of three years .stock-based compensation effective january 1 , 1999 , we implemented a deferred compensation plan , or the deferred plan , covering certain of our employees , including our executives .the shares issued under the deferred plan were granted to certain employees , including our executives and vesting will occur annually upon the completion of a service period or our meeting established financial performance criteria .annual vesting occurs at rates ranging from 15% ( 15 % ) to 35% ( 35 % ) once performance criteria are reached .a summary of our restricted stock as of december 31 , 2013 , 2012 and 2011 and charges during the years then ended are presented below: . | 2013 | 2012 | 2011
balance at beginning of year | 2804901 | 2912456 | 2728290
granted | 192563 | 92729 | 185333
cancelled | -3267 ( 3267 ) | -200284 ( 200284 ) | -1167 ( 1167 )
balance at end of year | 2994197 | 2804901 | 2912456
vested during the year | 21074 | 408800 | 66299
compensation expense recorded | $ 6713155 | $ 6930381 | $ 17365401
weighted average fair value of restricted stock granted during the year | $ 17386949 | $ 7023942 | $ 21768084 weighted average fair value of restricted stock granted during the year $ 17386949 $ 7023942 $ 21768084 the fair value of restricted stock that vested during the years ended december 31 , 2013 , 2012 and 2011 was $ 1.6 million , $ 22.4 million and $ 4.3 million , respectively .as of december 31 , 2013 , there was $ 17.8 million of total unrecognized compensation cost related to unvested restricted stock , which is expected to be recognized over a weighted average period of approximately 2.7 years .for the years ended december 31 , 2013 , 2012 and 2011 , approximately $ 4.5 million , $ 4.1 million and $ 3.4 million , respectively , was capitalized to assets associated with compensation expense related to our long-term compensation plans , restricted stock and stock options .we granted ltip units , which include bonus , time-based and performance based awards , with a fair value of $ 27.1 million , zero and $ 8.5 million as of 2013 , 2012 and 2011 , respectively .the grant date fair value of the ltip unit awards was calculated in accordance with asc 718 .a third party consultant determined the fair value of the ltip units to have a discount from sl green's common stock price .the discount was calculated by considering the inherent uncertainty that the ltip units will reach parity with other common partnership units and the illiquidity due to transfer restrictions .as of december 31 , 2013 , there was $ 5.0 million of total unrecognized compensation expense related to the time-based and performance based awards , which is expected to be recognized over a weighted average period of approximately 1.5 years .during the years ended december 31 , 2013 , 2012 and 2011 , we recorded compensation expense related to bonus , time-based and performance based awards of approximately $ 27.3 million , $ 12.6 million and $ 8.5 million , respectively .2010 notional unit long-term compensation plan in december 2009 , the compensation committee of the company's board of directors approved the general terms of the sl green realty corp .2010 notional unit long-term compensation program , or the 2010 long-term compensation plan .the 2010 long-term compensation plan is a long-term incentive compensation plan pursuant to which award recipients could earn , in the aggregate , from approximately $ 15.0 million up to approximately $ 75.0 million of ltip units in the operating partnership based on our stock price appreciation over three years beginning on december 1 , 2009 ; provided that , if maximum performance had been achieved , approximately $ 25.0 million of awards could be earned at any time after the beginning of the second year and an additional approximately $ 25.0 million of awards could be earned at any time after the beginning of the third year .in order to achieve maximum performance under the 2010 long-term compensation plan , our aggregate stock price appreciation during the performance period had to equal or exceed 50% ( 50 % ) .the compensation committee determined that maximum performance had been achieved at or shortly after the beginning of each of the second and third years of the performance period and for the full performance period and , accordingly , 366815 ltip units , 385583 ltip units and 327416 ltip units were earned under the 2010 long-term compensation plan in december 2010 , 2011 and 2012 , respectively .substantially in accordance with the original terms of the program , 50% ( 50 % ) of these ltip units vested on december 17 , 2012 ( accelerated from the original january 1 , 2013 vesting date ) , 25% ( 25 % ) of these ltip units vested on december 11 , 2013 ( accelerated from the original january 1 , 2014 vesting date ) and the remainder is scheduled to vest on january 1 , 2015 based on .
Question: in 2013, what percentage did the restricted stock that was cancelled represent in relation to the total?
Steps: divide(3267, 2804901)
Answer: 0.00116
Question: and in that same year, what was the recorded compensation expense related to bonus, time-based and performance based awards?
Steps: Ask for number 27.3
Answer: 27.3
Question: what was it in 2012?
Steps: Ask for number 12.6
Answer: 12.6
Question: what was, then, the total for both years?
Steps: add(27.3, 12.6)
Answer: 39.9
Question: including 2011, what then becomes this total?
| convfinqa2384 |
during the years ended december 31 , 2013 , 2012 , and 2011 , we recognized approximately $ 6.5 million , $ 5.1 million and $ 4.7 million of compensation expense , respectively , for these options .as of december 31 , 2013 , there was approximately $ 20.3 million of total unrecognized compensation cost related to unvested stock options , which is expected to be recognized over a weighted average period of three years .stock-based compensation effective january 1 , 1999 , we implemented a deferred compensation plan , or the deferred plan , covering certain of our employees , including our executives .the shares issued under the deferred plan were granted to certain employees , including our executives and vesting will occur annually upon the completion of a service period or our meeting established financial performance criteria .annual vesting occurs at rates ranging from 15% ( 15 % ) to 35% ( 35 % ) once performance criteria are reached .a summary of our restricted stock as of december 31 , 2013 , 2012 and 2011 and charges during the years then ended are presented below: . | 2013 | 2012 | 2011
balance at beginning of year | 2804901 | 2912456 | 2728290
granted | 192563 | 92729 | 185333
cancelled | -3267 ( 3267 ) | -200284 ( 200284 ) | -1167 ( 1167 )
balance at end of year | 2994197 | 2804901 | 2912456
vested during the year | 21074 | 408800 | 66299
compensation expense recorded | $ 6713155 | $ 6930381 | $ 17365401
weighted average fair value of restricted stock granted during the year | $ 17386949 | $ 7023942 | $ 21768084 weighted average fair value of restricted stock granted during the year $ 17386949 $ 7023942 $ 21768084 the fair value of restricted stock that vested during the years ended december 31 , 2013 , 2012 and 2011 was $ 1.6 million , $ 22.4 million and $ 4.3 million , respectively .as of december 31 , 2013 , there was $ 17.8 million of total unrecognized compensation cost related to unvested restricted stock , which is expected to be recognized over a weighted average period of approximately 2.7 years .for the years ended december 31 , 2013 , 2012 and 2011 , approximately $ 4.5 million , $ 4.1 million and $ 3.4 million , respectively , was capitalized to assets associated with compensation expense related to our long-term compensation plans , restricted stock and stock options .we granted ltip units , which include bonus , time-based and performance based awards , with a fair value of $ 27.1 million , zero and $ 8.5 million as of 2013 , 2012 and 2011 , respectively .the grant date fair value of the ltip unit awards was calculated in accordance with asc 718 .a third party consultant determined the fair value of the ltip units to have a discount from sl green's common stock price .the discount was calculated by considering the inherent uncertainty that the ltip units will reach parity with other common partnership units and the illiquidity due to transfer restrictions .as of december 31 , 2013 , there was $ 5.0 million of total unrecognized compensation expense related to the time-based and performance based awards , which is expected to be recognized over a weighted average period of approximately 1.5 years .during the years ended december 31 , 2013 , 2012 and 2011 , we recorded compensation expense related to bonus , time-based and performance based awards of approximately $ 27.3 million , $ 12.6 million and $ 8.5 million , respectively .2010 notional unit long-term compensation plan in december 2009 , the compensation committee of the company's board of directors approved the general terms of the sl green realty corp .2010 notional unit long-term compensation program , or the 2010 long-term compensation plan .the 2010 long-term compensation plan is a long-term incentive compensation plan pursuant to which award recipients could earn , in the aggregate , from approximately $ 15.0 million up to approximately $ 75.0 million of ltip units in the operating partnership based on our stock price appreciation over three years beginning on december 1 , 2009 ; provided that , if maximum performance had been achieved , approximately $ 25.0 million of awards could be earned at any time after the beginning of the second year and an additional approximately $ 25.0 million of awards could be earned at any time after the beginning of the third year .in order to achieve maximum performance under the 2010 long-term compensation plan , our aggregate stock price appreciation during the performance period had to equal or exceed 50% ( 50 % ) .the compensation committee determined that maximum performance had been achieved at or shortly after the beginning of each of the second and third years of the performance period and for the full performance period and , accordingly , 366815 ltip units , 385583 ltip units and 327416 ltip units were earned under the 2010 long-term compensation plan in december 2010 , 2011 and 2012 , respectively .substantially in accordance with the original terms of the program , 50% ( 50 % ) of these ltip units vested on december 17 , 2012 ( accelerated from the original january 1 , 2013 vesting date ) , 25% ( 25 % ) of these ltip units vested on december 11 , 2013 ( accelerated from the original january 1 , 2014 vesting date ) and the remainder is scheduled to vest on january 1 , 2015 based on .
Question: in 2013, what percentage did the restricted stock that was cancelled represent in relation to the total?
Steps: divide(3267, 2804901)
Answer: 0.00116
Question: and in that same year, what was the recorded compensation expense related to bonus, time-based and performance based awards?
Steps: Ask for number 27.3
Answer: 27.3
Question: what was it in 2012?
Steps: Ask for number 12.6
Answer: 12.6
Question: what was, then, the total for both years?
Steps: add(27.3, 12.6)
Answer: 39.9
Question: including 2011, what then becomes this total?
Steps: add(#1, 8.5)
Answer: 48.4
Question: and what is the average between the three years?
| 16.13333 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
during the years ended december 31 , 2013 , 2012 , and 2011 , we recognized approximately $ 6.5 million , $ 5.1 million and $ 4.7 million of compensation expense , respectively , for these options .as of december 31 , 2013 , there was approximately $ 20.3 million of total unrecognized compensation cost related to unvested stock options , which is expected to be recognized over a weighted average period of three years .stock-based compensation effective january 1 , 1999 , we implemented a deferred compensation plan , or the deferred plan , covering certain of our employees , including our executives .the shares issued under the deferred plan were granted to certain employees , including our executives and vesting will occur annually upon the completion of a service period or our meeting established financial performance criteria .annual vesting occurs at rates ranging from 15% ( 15 % ) to 35% ( 35 % ) once performance criteria are reached .a summary of our restricted stock as of december 31 , 2013 , 2012 and 2011 and charges during the years then ended are presented below: . | 2013 | 2012 | 2011
balance at beginning of year | 2804901 | 2912456 | 2728290
granted | 192563 | 92729 | 185333
cancelled | -3267 ( 3267 ) | -200284 ( 200284 ) | -1167 ( 1167 )
balance at end of year | 2994197 | 2804901 | 2912456
vested during the year | 21074 | 408800 | 66299
compensation expense recorded | $ 6713155 | $ 6930381 | $ 17365401
weighted average fair value of restricted stock granted during the year | $ 17386949 | $ 7023942 | $ 21768084 weighted average fair value of restricted stock granted during the year $ 17386949 $ 7023942 $ 21768084 the fair value of restricted stock that vested during the years ended december 31 , 2013 , 2012 and 2011 was $ 1.6 million , $ 22.4 million and $ 4.3 million , respectively .as of december 31 , 2013 , there was $ 17.8 million of total unrecognized compensation cost related to unvested restricted stock , which is expected to be recognized over a weighted average period of approximately 2.7 years .for the years ended december 31 , 2013 , 2012 and 2011 , approximately $ 4.5 million , $ 4.1 million and $ 3.4 million , respectively , was capitalized to assets associated with compensation expense related to our long-term compensation plans , restricted stock and stock options .we granted ltip units , which include bonus , time-based and performance based awards , with a fair value of $ 27.1 million , zero and $ 8.5 million as of 2013 , 2012 and 2011 , respectively .the grant date fair value of the ltip unit awards was calculated in accordance with asc 718 .a third party consultant determined the fair value of the ltip units to have a discount from sl green's common stock price .the discount was calculated by considering the inherent uncertainty that the ltip units will reach parity with other common partnership units and the illiquidity due to transfer restrictions .as of december 31 , 2013 , there was $ 5.0 million of total unrecognized compensation expense related to the time-based and performance based awards , which is expected to be recognized over a weighted average period of approximately 1.5 years .during the years ended december 31 , 2013 , 2012 and 2011 , we recorded compensation expense related to bonus , time-based and performance based awards of approximately $ 27.3 million , $ 12.6 million and $ 8.5 million , respectively .2010 notional unit long-term compensation plan in december 2009 , the compensation committee of the company's board of directors approved the general terms of the sl green realty corp .2010 notional unit long-term compensation program , or the 2010 long-term compensation plan .the 2010 long-term compensation plan is a long-term incentive compensation plan pursuant to which award recipients could earn , in the aggregate , from approximately $ 15.0 million up to approximately $ 75.0 million of ltip units in the operating partnership based on our stock price appreciation over three years beginning on december 1 , 2009 ; provided that , if maximum performance had been achieved , approximately $ 25.0 million of awards could be earned at any time after the beginning of the second year and an additional approximately $ 25.0 million of awards could be earned at any time after the beginning of the third year .in order to achieve maximum performance under the 2010 long-term compensation plan , our aggregate stock price appreciation during the performance period had to equal or exceed 50% ( 50 % ) .the compensation committee determined that maximum performance had been achieved at or shortly after the beginning of each of the second and third years of the performance period and for the full performance period and , accordingly , 366815 ltip units , 385583 ltip units and 327416 ltip units were earned under the 2010 long-term compensation plan in december 2010 , 2011 and 2012 , respectively .substantially in accordance with the original terms of the program , 50% ( 50 % ) of these ltip units vested on december 17 , 2012 ( accelerated from the original january 1 , 2013 vesting date ) , 25% ( 25 % ) of these ltip units vested on december 11 , 2013 ( accelerated from the original january 1 , 2014 vesting date ) and the remainder is scheduled to vest on january 1 , 2015 based on .
Question: in 2013, what percentage did the restricted stock that was cancelled represent in relation to the total?
Steps: divide(3267, 2804901)
Answer: 0.00116
Question: and in that same year, what was the recorded compensation expense related to bonus, time-based and performance based awards?
Steps: Ask for number 27.3
Answer: 27.3
Question: what was it in 2012?
Steps: Ask for number 12.6
Answer: 12.6
Question: what was, then, the total for both years?
Steps: add(27.3, 12.6)
Answer: 39.9
Question: including 2011, what then becomes this total?
Steps: add(#1, 8.5)
Answer: 48.4
Question: and what is the average between the three years?
| convfinqa2385 |
advance auto parts , inc .and subsidiaries notes to the consolidated financial statements december 28 , 2013 , december 29 , 2012 and december 31 , 2011 ( in thousands , except per share data ) in july 2012 , the fasb issued asu no .2012-02 201cintangible-goodwill and other 2013 testing indefinite-lived intangible assets for impairment . 201d asu 2012-02 modifies the requirement to test intangible assets that are not subject to amortization based on events or changes in circumstances that might indicate that the asset is impaired now requiring the test only if it is more likely than not that the asset is impaired .furthermore , asu 2012-02 provides entities the option of performing a qualitative assessment to determine if it is more likely than not that the fair value of an intangible asset is less than the carrying amount as a basis for determining whether it is necessary to perform a quantitative impairment test .asu 2012-02 is effective for fiscal years beginning after september 15 , 2012 and early adoption is permitted .the adoption of asu 2012-02 had no impact on the company 2019s consolidated financial condition , results of operations or cash flows .3 .inventories , net : merchandise inventory the company used the lifo method of accounting for approximately 95% ( 95 % ) of inventories at both december 28 , 2013 and december 29 , 2012 .under lifo , the company 2019s cost of sales reflects the costs of the most recently purchased inventories , while the inventory carrying balance represents the costs for inventories purchased in fiscal 2013 and prior years .the company recorded a reduction to cost of sales of $ 5572 and $ 24087 in fiscal 2013 and fiscal 2012 , respectively .the company 2019s overall costs to acquire inventory for the same or similar products have generally decreased historically as the company has been able to leverage its continued growth , execution of merchandise strategies and realization of supply chain efficiencies .in fiscal 2011 , the company recorded an increase to cost of sales of $ 24708 due to an increase in supply chain costs and inflationary pressures affecting certain product categories .product cores the remaining inventories are comprised of product cores , the non-consumable portion of certain parts and batteries , which are valued under the first-in , first-out ( 201cfifo 201d ) method .product cores are included as part of the company 2019s merchandise costs and are either passed on to the customer or returned to the vendor .because product cores are not subject to frequent cost changes like the company 2019s other merchandise inventory , there is no material difference when applying either the lifo or fifo valuation method .inventory overhead costs purchasing and warehousing costs included in inventory as of december 28 , 2013 and december 29 , 2012 , were $ 161519 and $ 134258 , respectively .inventory balance and inventory reserves inventory balances at the end of fiscal 2013 and 2012 were as follows : december 28 , december 29 . | december 282013 | december 292012
inventories at fifo net | $ 2424795 | $ 2182419
adjustments to state inventories at lifo | 131762 | 126190
inventories at lifo net | $ 2556557 | $ 2308609 inventory quantities are tracked through a perpetual inventory system .the company completes physical inventories and other targeted inventory counts in its store locations to ensure the accuracy of the perpetual inventory quantities of both merchandise and core inventory in these locations .in its distribution centers and pdq aes , the company uses a cycle counting program to ensure the accuracy of the perpetual inventory quantities of both merchandise and product core inventory .reserves for estimated shrink are established based on the results of physical inventories conducted by the company with the assistance of an independent third party in substantially all of the company 2019s stores over the course of the year , other targeted inventory counts in its stores , results from recent cycle counts in its distribution facilities and historical and current loss trends. .
Question: what is the sum of the reduction of cost of sales in 2013 and 2012?
| 29659.0 | 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 the consolidated financial statements december 28 , 2013 , december 29 , 2012 and december 31 , 2011 ( in thousands , except per share data ) in july 2012 , the fasb issued asu no .2012-02 201cintangible-goodwill and other 2013 testing indefinite-lived intangible assets for impairment . 201d asu 2012-02 modifies the requirement to test intangible assets that are not subject to amortization based on events or changes in circumstances that might indicate that the asset is impaired now requiring the test only if it is more likely than not that the asset is impaired .furthermore , asu 2012-02 provides entities the option of performing a qualitative assessment to determine if it is more likely than not that the fair value of an intangible asset is less than the carrying amount as a basis for determining whether it is necessary to perform a quantitative impairment test .asu 2012-02 is effective for fiscal years beginning after september 15 , 2012 and early adoption is permitted .the adoption of asu 2012-02 had no impact on the company 2019s consolidated financial condition , results of operations or cash flows .3 .inventories , net : merchandise inventory the company used the lifo method of accounting for approximately 95% ( 95 % ) of inventories at both december 28 , 2013 and december 29 , 2012 .under lifo , the company 2019s cost of sales reflects the costs of the most recently purchased inventories , while the inventory carrying balance represents the costs for inventories purchased in fiscal 2013 and prior years .the company recorded a reduction to cost of sales of $ 5572 and $ 24087 in fiscal 2013 and fiscal 2012 , respectively .the company 2019s overall costs to acquire inventory for the same or similar products have generally decreased historically as the company has been able to leverage its continued growth , execution of merchandise strategies and realization of supply chain efficiencies .in fiscal 2011 , the company recorded an increase to cost of sales of $ 24708 due to an increase in supply chain costs and inflationary pressures affecting certain product categories .product cores the remaining inventories are comprised of product cores , the non-consumable portion of certain parts and batteries , which are valued under the first-in , first-out ( 201cfifo 201d ) method .product cores are included as part of the company 2019s merchandise costs and are either passed on to the customer or returned to the vendor .because product cores are not subject to frequent cost changes like the company 2019s other merchandise inventory , there is no material difference when applying either the lifo or fifo valuation method .inventory overhead costs purchasing and warehousing costs included in inventory as of december 28 , 2013 and december 29 , 2012 , were $ 161519 and $ 134258 , respectively .inventory balance and inventory reserves inventory balances at the end of fiscal 2013 and 2012 were as follows : december 28 , december 29 . | december 282013 | december 292012
inventories at fifo net | $ 2424795 | $ 2182419
adjustments to state inventories at lifo | 131762 | 126190
inventories at lifo net | $ 2556557 | $ 2308609 inventory quantities are tracked through a perpetual inventory system .the company completes physical inventories and other targeted inventory counts in its store locations to ensure the accuracy of the perpetual inventory quantities of both merchandise and core inventory in these locations .in its distribution centers and pdq aes , the company uses a cycle counting program to ensure the accuracy of the perpetual inventory quantities of both merchandise and product core inventory .reserves for estimated shrink are established based on the results of physical inventories conducted by the company with the assistance of an independent third party in substantially all of the company 2019s stores over the course of the year , other targeted inventory counts in its stores , results from recent cycle counts in its distribution facilities and historical and current loss trends. .
Question: what is the sum of the reduction of cost of sales in 2013 and 2012?
| convfinqa2386 |
advance auto parts , inc .and subsidiaries notes to the consolidated financial statements december 28 , 2013 , december 29 , 2012 and december 31 , 2011 ( in thousands , except per share data ) in july 2012 , the fasb issued asu no .2012-02 201cintangible-goodwill and other 2013 testing indefinite-lived intangible assets for impairment . 201d asu 2012-02 modifies the requirement to test intangible assets that are not subject to amortization based on events or changes in circumstances that might indicate that the asset is impaired now requiring the test only if it is more likely than not that the asset is impaired .furthermore , asu 2012-02 provides entities the option of performing a qualitative assessment to determine if it is more likely than not that the fair value of an intangible asset is less than the carrying amount as a basis for determining whether it is necessary to perform a quantitative impairment test .asu 2012-02 is effective for fiscal years beginning after september 15 , 2012 and early adoption is permitted .the adoption of asu 2012-02 had no impact on the company 2019s consolidated financial condition , results of operations or cash flows .3 .inventories , net : merchandise inventory the company used the lifo method of accounting for approximately 95% ( 95 % ) of inventories at both december 28 , 2013 and december 29 , 2012 .under lifo , the company 2019s cost of sales reflects the costs of the most recently purchased inventories , while the inventory carrying balance represents the costs for inventories purchased in fiscal 2013 and prior years .the company recorded a reduction to cost of sales of $ 5572 and $ 24087 in fiscal 2013 and fiscal 2012 , respectively .the company 2019s overall costs to acquire inventory for the same or similar products have generally decreased historically as the company has been able to leverage its continued growth , execution of merchandise strategies and realization of supply chain efficiencies .in fiscal 2011 , the company recorded an increase to cost of sales of $ 24708 due to an increase in supply chain costs and inflationary pressures affecting certain product categories .product cores the remaining inventories are comprised of product cores , the non-consumable portion of certain parts and batteries , which are valued under the first-in , first-out ( 201cfifo 201d ) method .product cores are included as part of the company 2019s merchandise costs and are either passed on to the customer or returned to the vendor .because product cores are not subject to frequent cost changes like the company 2019s other merchandise inventory , there is no material difference when applying either the lifo or fifo valuation method .inventory overhead costs purchasing and warehousing costs included in inventory as of december 28 , 2013 and december 29 , 2012 , were $ 161519 and $ 134258 , respectively .inventory balance and inventory reserves inventory balances at the end of fiscal 2013 and 2012 were as follows : december 28 , december 29 . | december 282013 | december 292012
inventories at fifo net | $ 2424795 | $ 2182419
adjustments to state inventories at lifo | 131762 | 126190
inventories at lifo net | $ 2556557 | $ 2308609 inventory quantities are tracked through a perpetual inventory system .the company completes physical inventories and other targeted inventory counts in its store locations to ensure the accuracy of the perpetual inventory quantities of both merchandise and core inventory in these locations .in its distribution centers and pdq aes , the company uses a cycle counting program to ensure the accuracy of the perpetual inventory quantities of both merchandise and product core inventory .reserves for estimated shrink are established based on the results of physical inventories conducted by the company with the assistance of an independent third party in substantially all of the company 2019s stores over the course of the year , other targeted inventory counts in its stores , results from recent cycle counts in its distribution facilities and historical and current loss trends. .
Question: what is the sum of the reduction of cost of sales in 2013 and 2012?
Steps: add(24087, 5572)
Answer: 29659.0
Question: what was the reduction in 2013?
| 24708.0 | 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 the consolidated financial statements december 28 , 2013 , december 29 , 2012 and december 31 , 2011 ( in thousands , except per share data ) in july 2012 , the fasb issued asu no .2012-02 201cintangible-goodwill and other 2013 testing indefinite-lived intangible assets for impairment . 201d asu 2012-02 modifies the requirement to test intangible assets that are not subject to amortization based on events or changes in circumstances that might indicate that the asset is impaired now requiring the test only if it is more likely than not that the asset is impaired .furthermore , asu 2012-02 provides entities the option of performing a qualitative assessment to determine if it is more likely than not that the fair value of an intangible asset is less than the carrying amount as a basis for determining whether it is necessary to perform a quantitative impairment test .asu 2012-02 is effective for fiscal years beginning after september 15 , 2012 and early adoption is permitted .the adoption of asu 2012-02 had no impact on the company 2019s consolidated financial condition , results of operations or cash flows .3 .inventories , net : merchandise inventory the company used the lifo method of accounting for approximately 95% ( 95 % ) of inventories at both december 28 , 2013 and december 29 , 2012 .under lifo , the company 2019s cost of sales reflects the costs of the most recently purchased inventories , while the inventory carrying balance represents the costs for inventories purchased in fiscal 2013 and prior years .the company recorded a reduction to cost of sales of $ 5572 and $ 24087 in fiscal 2013 and fiscal 2012 , respectively .the company 2019s overall costs to acquire inventory for the same or similar products have generally decreased historically as the company has been able to leverage its continued growth , execution of merchandise strategies and realization of supply chain efficiencies .in fiscal 2011 , the company recorded an increase to cost of sales of $ 24708 due to an increase in supply chain costs and inflationary pressures affecting certain product categories .product cores the remaining inventories are comprised of product cores , the non-consumable portion of certain parts and batteries , which are valued under the first-in , first-out ( 201cfifo 201d ) method .product cores are included as part of the company 2019s merchandise costs and are either passed on to the customer or returned to the vendor .because product cores are not subject to frequent cost changes like the company 2019s other merchandise inventory , there is no material difference when applying either the lifo or fifo valuation method .inventory overhead costs purchasing and warehousing costs included in inventory as of december 28 , 2013 and december 29 , 2012 , were $ 161519 and $ 134258 , respectively .inventory balance and inventory reserves inventory balances at the end of fiscal 2013 and 2012 were as follows : december 28 , december 29 . | december 282013 | december 292012
inventories at fifo net | $ 2424795 | $ 2182419
adjustments to state inventories at lifo | 131762 | 126190
inventories at lifo net | $ 2556557 | $ 2308609 inventory quantities are tracked through a perpetual inventory system .the company completes physical inventories and other targeted inventory counts in its store locations to ensure the accuracy of the perpetual inventory quantities of both merchandise and core inventory in these locations .in its distribution centers and pdq aes , the company uses a cycle counting program to ensure the accuracy of the perpetual inventory quantities of both merchandise and product core inventory .reserves for estimated shrink are established based on the results of physical inventories conducted by the company with the assistance of an independent third party in substantially all of the company 2019s stores over the course of the year , other targeted inventory counts in its stores , results from recent cycle counts in its distribution facilities and historical and current loss trends. .
Question: what is the sum of the reduction of cost of sales in 2013 and 2012?
Steps: add(24087, 5572)
Answer: 29659.0
Question: what was the reduction in 2013?
| convfinqa2387 |
advance auto parts , inc .and subsidiaries notes to the consolidated financial statements december 28 , 2013 , december 29 , 2012 and december 31 , 2011 ( in thousands , except per share data ) in july 2012 , the fasb issued asu no .2012-02 201cintangible-goodwill and other 2013 testing indefinite-lived intangible assets for impairment . 201d asu 2012-02 modifies the requirement to test intangible assets that are not subject to amortization based on events or changes in circumstances that might indicate that the asset is impaired now requiring the test only if it is more likely than not that the asset is impaired .furthermore , asu 2012-02 provides entities the option of performing a qualitative assessment to determine if it is more likely than not that the fair value of an intangible asset is less than the carrying amount as a basis for determining whether it is necessary to perform a quantitative impairment test .asu 2012-02 is effective for fiscal years beginning after september 15 , 2012 and early adoption is permitted .the adoption of asu 2012-02 had no impact on the company 2019s consolidated financial condition , results of operations or cash flows .3 .inventories , net : merchandise inventory the company used the lifo method of accounting for approximately 95% ( 95 % ) of inventories at both december 28 , 2013 and december 29 , 2012 .under lifo , the company 2019s cost of sales reflects the costs of the most recently purchased inventories , while the inventory carrying balance represents the costs for inventories purchased in fiscal 2013 and prior years .the company recorded a reduction to cost of sales of $ 5572 and $ 24087 in fiscal 2013 and fiscal 2012 , respectively .the company 2019s overall costs to acquire inventory for the same or similar products have generally decreased historically as the company has been able to leverage its continued growth , execution of merchandise strategies and realization of supply chain efficiencies .in fiscal 2011 , the company recorded an increase to cost of sales of $ 24708 due to an increase in supply chain costs and inflationary pressures affecting certain product categories .product cores the remaining inventories are comprised of product cores , the non-consumable portion of certain parts and batteries , which are valued under the first-in , first-out ( 201cfifo 201d ) method .product cores are included as part of the company 2019s merchandise costs and are either passed on to the customer or returned to the vendor .because product cores are not subject to frequent cost changes like the company 2019s other merchandise inventory , there is no material difference when applying either the lifo or fifo valuation method .inventory overhead costs purchasing and warehousing costs included in inventory as of december 28 , 2013 and december 29 , 2012 , were $ 161519 and $ 134258 , respectively .inventory balance and inventory reserves inventory balances at the end of fiscal 2013 and 2012 were as follows : december 28 , december 29 . | december 282013 | december 292012
inventories at fifo net | $ 2424795 | $ 2182419
adjustments to state inventories at lifo | 131762 | 126190
inventories at lifo net | $ 2556557 | $ 2308609 inventory quantities are tracked through a perpetual inventory system .the company completes physical inventories and other targeted inventory counts in its store locations to ensure the accuracy of the perpetual inventory quantities of both merchandise and core inventory in these locations .in its distribution centers and pdq aes , the company uses a cycle counting program to ensure the accuracy of the perpetual inventory quantities of both merchandise and product core inventory .reserves for estimated shrink are established based on the results of physical inventories conducted by the company with the assistance of an independent third party in substantially all of the company 2019s stores over the course of the year , other targeted inventory counts in its stores , results from recent cycle counts in its distribution facilities and historical and current loss trends. .
Question: what is the sum of the reduction of cost of sales in 2013 and 2012?
Steps: add(24087, 5572)
Answer: 29659.0
Question: what was the reduction in 2013?
Steps: Ask for number 24708
Answer: 24708.0
Question: what is that less the total sum?
| -4951.0 | 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 the consolidated financial statements december 28 , 2013 , december 29 , 2012 and december 31 , 2011 ( in thousands , except per share data ) in july 2012 , the fasb issued asu no .2012-02 201cintangible-goodwill and other 2013 testing indefinite-lived intangible assets for impairment . 201d asu 2012-02 modifies the requirement to test intangible assets that are not subject to amortization based on events or changes in circumstances that might indicate that the asset is impaired now requiring the test only if it is more likely than not that the asset is impaired .furthermore , asu 2012-02 provides entities the option of performing a qualitative assessment to determine if it is more likely than not that the fair value of an intangible asset is less than the carrying amount as a basis for determining whether it is necessary to perform a quantitative impairment test .asu 2012-02 is effective for fiscal years beginning after september 15 , 2012 and early adoption is permitted .the adoption of asu 2012-02 had no impact on the company 2019s consolidated financial condition , results of operations or cash flows .3 .inventories , net : merchandise inventory the company used the lifo method of accounting for approximately 95% ( 95 % ) of inventories at both december 28 , 2013 and december 29 , 2012 .under lifo , the company 2019s cost of sales reflects the costs of the most recently purchased inventories , while the inventory carrying balance represents the costs for inventories purchased in fiscal 2013 and prior years .the company recorded a reduction to cost of sales of $ 5572 and $ 24087 in fiscal 2013 and fiscal 2012 , respectively .the company 2019s overall costs to acquire inventory for the same or similar products have generally decreased historically as the company has been able to leverage its continued growth , execution of merchandise strategies and realization of supply chain efficiencies .in fiscal 2011 , the company recorded an increase to cost of sales of $ 24708 due to an increase in supply chain costs and inflationary pressures affecting certain product categories .product cores the remaining inventories are comprised of product cores , the non-consumable portion of certain parts and batteries , which are valued under the first-in , first-out ( 201cfifo 201d ) method .product cores are included as part of the company 2019s merchandise costs and are either passed on to the customer or returned to the vendor .because product cores are not subject to frequent cost changes like the company 2019s other merchandise inventory , there is no material difference when applying either the lifo or fifo valuation method .inventory overhead costs purchasing and warehousing costs included in inventory as of december 28 , 2013 and december 29 , 2012 , were $ 161519 and $ 134258 , respectively .inventory balance and inventory reserves inventory balances at the end of fiscal 2013 and 2012 were as follows : december 28 , december 29 . | december 282013 | december 292012
inventories at fifo net | $ 2424795 | $ 2182419
adjustments to state inventories at lifo | 131762 | 126190
inventories at lifo net | $ 2556557 | $ 2308609 inventory quantities are tracked through a perpetual inventory system .the company completes physical inventories and other targeted inventory counts in its store locations to ensure the accuracy of the perpetual inventory quantities of both merchandise and core inventory in these locations .in its distribution centers and pdq aes , the company uses a cycle counting program to ensure the accuracy of the perpetual inventory quantities of both merchandise and product core inventory .reserves for estimated shrink are established based on the results of physical inventories conducted by the company with the assistance of an independent third party in substantially all of the company 2019s stores over the course of the year , other targeted inventory counts in its stores , results from recent cycle counts in its distribution facilities and historical and current loss trends. .
Question: what is the sum of the reduction of cost of sales in 2013 and 2012?
Steps: add(24087, 5572)
Answer: 29659.0
Question: what was the reduction in 2013?
Steps: Ask for number 24708
Answer: 24708.0
Question: what is that less the total sum?
| convfinqa2388 |
intel corporation notes to consolidated financial statements ( continued ) note 16 : other comprehensive income ( loss ) the changes in accumulated other comprehensive income ( loss ) by component and related tax effects for each period were as follows : ( in millions ) unrealized holding ( losses ) on available- for-sale investments deferred tax asset valuation allowance unrealized holding ( losses ) on derivatives service credits ( costs ) actuarial ( losses ) foreign currency translation adjustment total . ( in millions ) | unrealized holding gains ( losses ) on available-for-sale investments | deferred tax asset valuation allowance | unrealized holding gains ( losses ) on derivatives | prior service credits ( costs ) | actuarial gains ( losses ) | foreign currency translation adjustment | total
december 27 2014 | $ 2459 | $ 26 | $ -423 ( 423 ) | $ -47 ( 47 ) | $ -1004 ( 1004 ) | $ -345 ( 345 ) | $ 666
other comprehensive income ( loss ) before reclassifications | -999 ( 999 ) | 2014 | -298 ( 298 ) | -2 ( 2 ) | 73 | -187 ( 187 ) | -1413 ( 1413 )
amounts reclassified out of accumulated other comprehensive income ( loss ) | -93 ( 93 ) | 2014 | 522 | 10 | 67 | 2014 | 506
tax effects | 382 | -18 ( 18 ) | -67 ( 67 ) | -1 ( 1 ) | -12 ( 12 ) | 17 | 301
other comprehensive income ( loss ) | -710 ( 710 ) | -18 ( 18 ) | 157 | 7 | 128 | -170 ( 170 ) | -606 ( 606 )
december 26 2015 | 1749 | 8 | -266 ( 266 ) | -40 ( 40 ) | -876 ( 876 ) | -515 ( 515 ) | 60
other comprehensive income ( loss ) before reclassifications | 1170 | 2014 | -26 ( 26 ) | 2014 | -680 ( 680 ) | -4 ( 4 ) | 460
amounts reclassified out of accumulated other comprehensive income ( loss ) | -530 ( 530 ) | 2014 | 38 | 2014 | 170 | 2014 | -322 ( 322 )
tax effects | -225 ( 225 ) | -8 ( 8 ) | -5 ( 5 ) | 2014 | 146 | 2014 | -92 ( 92 )
other comprehensive income ( loss ) | 415 | -8 ( 8 ) | 7 | 2014 | -364 ( 364 ) | -4 ( 4 ) | 46
december 31 2016 | $ 2164 | $ 2014 | $ -259 ( 259 ) | $ -40 ( 40 ) | $ -1240 ( 1240 ) | $ -519 ( 519 ) | $ 106 .
Question: what was the net change in the accumulated other comprehensive income during 2015?
| -606.0 | 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.
intel corporation notes to consolidated financial statements ( continued ) note 16 : other comprehensive income ( loss ) the changes in accumulated other comprehensive income ( loss ) by component and related tax effects for each period were as follows : ( in millions ) unrealized holding ( losses ) on available- for-sale investments deferred tax asset valuation allowance unrealized holding ( losses ) on derivatives service credits ( costs ) actuarial ( losses ) foreign currency translation adjustment total . ( in millions ) | unrealized holding gains ( losses ) on available-for-sale investments | deferred tax asset valuation allowance | unrealized holding gains ( losses ) on derivatives | prior service credits ( costs ) | actuarial gains ( losses ) | foreign currency translation adjustment | total
december 27 2014 | $ 2459 | $ 26 | $ -423 ( 423 ) | $ -47 ( 47 ) | $ -1004 ( 1004 ) | $ -345 ( 345 ) | $ 666
other comprehensive income ( loss ) before reclassifications | -999 ( 999 ) | 2014 | -298 ( 298 ) | -2 ( 2 ) | 73 | -187 ( 187 ) | -1413 ( 1413 )
amounts reclassified out of accumulated other comprehensive income ( loss ) | -93 ( 93 ) | 2014 | 522 | 10 | 67 | 2014 | 506
tax effects | 382 | -18 ( 18 ) | -67 ( 67 ) | -1 ( 1 ) | -12 ( 12 ) | 17 | 301
other comprehensive income ( loss ) | -710 ( 710 ) | -18 ( 18 ) | 157 | 7 | 128 | -170 ( 170 ) | -606 ( 606 )
december 26 2015 | 1749 | 8 | -266 ( 266 ) | -40 ( 40 ) | -876 ( 876 ) | -515 ( 515 ) | 60
other comprehensive income ( loss ) before reclassifications | 1170 | 2014 | -26 ( 26 ) | 2014 | -680 ( 680 ) | -4 ( 4 ) | 460
amounts reclassified out of accumulated other comprehensive income ( loss ) | -530 ( 530 ) | 2014 | 38 | 2014 | 170 | 2014 | -322 ( 322 )
tax effects | -225 ( 225 ) | -8 ( 8 ) | -5 ( 5 ) | 2014 | 146 | 2014 | -92 ( 92 )
other comprehensive income ( loss ) | 415 | -8 ( 8 ) | 7 | 2014 | -364 ( 364 ) | -4 ( 4 ) | 46
december 31 2016 | $ 2164 | $ 2014 | $ -259 ( 259 ) | $ -40 ( 40 ) | $ -1240 ( 1240 ) | $ -519 ( 519 ) | $ 106 .
Question: what was the net change in the accumulated other comprehensive income during 2015?
| convfinqa2389 |
intel corporation notes to consolidated financial statements ( continued ) note 16 : other comprehensive income ( loss ) the changes in accumulated other comprehensive income ( loss ) by component and related tax effects for each period were as follows : ( in millions ) unrealized holding ( losses ) on available- for-sale investments deferred tax asset valuation allowance unrealized holding ( losses ) on derivatives service credits ( costs ) actuarial ( losses ) foreign currency translation adjustment total . ( in millions ) | unrealized holding gains ( losses ) on available-for-sale investments | deferred tax asset valuation allowance | unrealized holding gains ( losses ) on derivatives | prior service credits ( costs ) | actuarial gains ( losses ) | foreign currency translation adjustment | total
december 27 2014 | $ 2459 | $ 26 | $ -423 ( 423 ) | $ -47 ( 47 ) | $ -1004 ( 1004 ) | $ -345 ( 345 ) | $ 666
other comprehensive income ( loss ) before reclassifications | -999 ( 999 ) | 2014 | -298 ( 298 ) | -2 ( 2 ) | 73 | -187 ( 187 ) | -1413 ( 1413 )
amounts reclassified out of accumulated other comprehensive income ( loss ) | -93 ( 93 ) | 2014 | 522 | 10 | 67 | 2014 | 506
tax effects | 382 | -18 ( 18 ) | -67 ( 67 ) | -1 ( 1 ) | -12 ( 12 ) | 17 | 301
other comprehensive income ( loss ) | -710 ( 710 ) | -18 ( 18 ) | 157 | 7 | 128 | -170 ( 170 ) | -606 ( 606 )
december 26 2015 | 1749 | 8 | -266 ( 266 ) | -40 ( 40 ) | -876 ( 876 ) | -515 ( 515 ) | 60
other comprehensive income ( loss ) before reclassifications | 1170 | 2014 | -26 ( 26 ) | 2014 | -680 ( 680 ) | -4 ( 4 ) | 460
amounts reclassified out of accumulated other comprehensive income ( loss ) | -530 ( 530 ) | 2014 | 38 | 2014 | 170 | 2014 | -322 ( 322 )
tax effects | -225 ( 225 ) | -8 ( 8 ) | -5 ( 5 ) | 2014 | 146 | 2014 | -92 ( 92 )
other comprehensive income ( loss ) | 415 | -8 ( 8 ) | 7 | 2014 | -364 ( 364 ) | -4 ( 4 ) | 46
december 31 2016 | $ 2164 | $ 2014 | $ -259 ( 259 ) | $ -40 ( 40 ) | $ -1240 ( 1240 ) | $ -519 ( 519 ) | $ 106 .
Question: what was the net change in the accumulated other comprehensive income during 2015?
Steps: Ask for number 60
Answer: -606.0
Question: and what was it during 2016?
| 46.0 | 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.
intel corporation notes to consolidated financial statements ( continued ) note 16 : other comprehensive income ( loss ) the changes in accumulated other comprehensive income ( loss ) by component and related tax effects for each period were as follows : ( in millions ) unrealized holding ( losses ) on available- for-sale investments deferred tax asset valuation allowance unrealized holding ( losses ) on derivatives service credits ( costs ) actuarial ( losses ) foreign currency translation adjustment total . ( in millions ) | unrealized holding gains ( losses ) on available-for-sale investments | deferred tax asset valuation allowance | unrealized holding gains ( losses ) on derivatives | prior service credits ( costs ) | actuarial gains ( losses ) | foreign currency translation adjustment | total
december 27 2014 | $ 2459 | $ 26 | $ -423 ( 423 ) | $ -47 ( 47 ) | $ -1004 ( 1004 ) | $ -345 ( 345 ) | $ 666
other comprehensive income ( loss ) before reclassifications | -999 ( 999 ) | 2014 | -298 ( 298 ) | -2 ( 2 ) | 73 | -187 ( 187 ) | -1413 ( 1413 )
amounts reclassified out of accumulated other comprehensive income ( loss ) | -93 ( 93 ) | 2014 | 522 | 10 | 67 | 2014 | 506
tax effects | 382 | -18 ( 18 ) | -67 ( 67 ) | -1 ( 1 ) | -12 ( 12 ) | 17 | 301
other comprehensive income ( loss ) | -710 ( 710 ) | -18 ( 18 ) | 157 | 7 | 128 | -170 ( 170 ) | -606 ( 606 )
december 26 2015 | 1749 | 8 | -266 ( 266 ) | -40 ( 40 ) | -876 ( 876 ) | -515 ( 515 ) | 60
other comprehensive income ( loss ) before reclassifications | 1170 | 2014 | -26 ( 26 ) | 2014 | -680 ( 680 ) | -4 ( 4 ) | 460
amounts reclassified out of accumulated other comprehensive income ( loss ) | -530 ( 530 ) | 2014 | 38 | 2014 | 170 | 2014 | -322 ( 322 )
tax effects | -225 ( 225 ) | -8 ( 8 ) | -5 ( 5 ) | 2014 | 146 | 2014 | -92 ( 92 )
other comprehensive income ( loss ) | 415 | -8 ( 8 ) | 7 | 2014 | -364 ( 364 ) | -4 ( 4 ) | 46
december 31 2016 | $ 2164 | $ 2014 | $ -259 ( 259 ) | $ -40 ( 40 ) | $ -1240 ( 1240 ) | $ -519 ( 519 ) | $ 106 .
Question: what was the net change in the accumulated other comprehensive income during 2015?
Steps: Ask for number 60
Answer: -606.0
Question: and what was it during 2016?
| convfinqa2390 |
affected by lower sales volume of cabinets , the divestiture of our arrow and moores businesses , and an unfavorable sales mix of international plumbing products , which , in aggregate , decreased sales by approximately two percent compared to 2016 .net sales for 2016 were positively affected by increased sales volume of plumbing products , paints and other coating products and builders' hardware , which , in aggregate , increased sales by approximately five percent compared to 2015 .net sales for 2016 were also positively affected by favorable sales mix of cabinets and windows , and net selling price increases of north american windows and north american and international plumbing products , which , in aggregate , increased sales approximately one percent .net sales for 2016 were negatively affected by lower sales volume of cabinets and lower net selling prices of paints and other coating products , which , in aggregate , decreased sales by approximately two percent .net sales for 2015 were positively affected by increased sales volume of plumbing products , paints and other coating products , windows and builders' hardware .net sales for 2015 were also positively affected by net selling price increases of plumbing products , cabinets and windows , as well as sales mix of north american cabinets and windows .net sales for 2015 were negatively affected by lower sales volume of cabinets and lower net selling prices of paints and other coating products .our gross profit margins were 34.2 percent , 33.4 percent and 31.5 percent in 2017 , 2016 and 2015 , respectively .the 2017 and 2016 gross profit margins were positively impacted by increased sales volume , a more favorable relationship between net selling prices and commodity costs , and cost savings initiatives .2016 gross profit margins were negatively impacted by an increase in warranty costs resulting from a change in our estimate of expected future warranty claim costs .selling , general and administrative expenses as a percent of sales were 18.9 percent in 2017 compared with 19.1 percent in 2016 and 18.7 percent in 2015 .selling , general and administrative expenses as a percent of sales in 2017 reflect increased sales and the effect of cost containment measures , partially offset by an increase in strategic growth investments , stock-based compensation , health insurance costs and trade show costs .selling , general and administrative expenses as a percent of sales in 2016 reflect strategic growth investments , erp system implementation costs and higher insurance costs .the following table reconciles reported operating profit to operating profit , as adjusted to exclude certain items , dollars in millions: . | 2017 | 2016 | 2015
operating profit as reported | $ 1169 | $ 1053 | $ 914
rationalization charges | 4 | 22 | 18
gain from sale of property and equipment | 2014 | 2014 | -5 ( 5 )
operating profit as adjusted | $ 1173 | $ 1075 | $ 927
operating profit margins as reported | 15.3% ( 15.3 % ) | 14.3% ( 14.3 % ) | 12.8% ( 12.8 % )
operating profit margins as adjusted | 15.3% ( 15.3 % ) | 14.6% ( 14.6 % ) | 13.0% ( 13.0 % ) operating profit margins in 2017 and 2016 were positively affected by increased sales volume , cost savings initiatives , and a more favorable relationship between net selling prices and commodity costs .operating profit margin in 2017 was negatively impacted by an increase in strategic growth investments and certain other expenses , including stock-based compensation , health insurance costs , trade show costs and increased head count .operating profit margin in 2016 was negatively impacted by an increase in warranty costs by a business in our windows and other specialty products segment and an increase in strategic growth investments , as well as erp system implementation costs and higher insurance costs ........................................................... ................................................................... ...................................... ......................................................... ............................................. .............................................. .
Question: what were gross profit margins in 2017?
| 34.2 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
affected by lower sales volume of cabinets , the divestiture of our arrow and moores businesses , and an unfavorable sales mix of international plumbing products , which , in aggregate , decreased sales by approximately two percent compared to 2016 .net sales for 2016 were positively affected by increased sales volume of plumbing products , paints and other coating products and builders' hardware , which , in aggregate , increased sales by approximately five percent compared to 2015 .net sales for 2016 were also positively affected by favorable sales mix of cabinets and windows , and net selling price increases of north american windows and north american and international plumbing products , which , in aggregate , increased sales approximately one percent .net sales for 2016 were negatively affected by lower sales volume of cabinets and lower net selling prices of paints and other coating products , which , in aggregate , decreased sales by approximately two percent .net sales for 2015 were positively affected by increased sales volume of plumbing products , paints and other coating products , windows and builders' hardware .net sales for 2015 were also positively affected by net selling price increases of plumbing products , cabinets and windows , as well as sales mix of north american cabinets and windows .net sales for 2015 were negatively affected by lower sales volume of cabinets and lower net selling prices of paints and other coating products .our gross profit margins were 34.2 percent , 33.4 percent and 31.5 percent in 2017 , 2016 and 2015 , respectively .the 2017 and 2016 gross profit margins were positively impacted by increased sales volume , a more favorable relationship between net selling prices and commodity costs , and cost savings initiatives .2016 gross profit margins were negatively impacted by an increase in warranty costs resulting from a change in our estimate of expected future warranty claim costs .selling , general and administrative expenses as a percent of sales were 18.9 percent in 2017 compared with 19.1 percent in 2016 and 18.7 percent in 2015 .selling , general and administrative expenses as a percent of sales in 2017 reflect increased sales and the effect of cost containment measures , partially offset by an increase in strategic growth investments , stock-based compensation , health insurance costs and trade show costs .selling , general and administrative expenses as a percent of sales in 2016 reflect strategic growth investments , erp system implementation costs and higher insurance costs .the following table reconciles reported operating profit to operating profit , as adjusted to exclude certain items , dollars in millions: . | 2017 | 2016 | 2015
operating profit as reported | $ 1169 | $ 1053 | $ 914
rationalization charges | 4 | 22 | 18
gain from sale of property and equipment | 2014 | 2014 | -5 ( 5 )
operating profit as adjusted | $ 1173 | $ 1075 | $ 927
operating profit margins as reported | 15.3% ( 15.3 % ) | 14.3% ( 14.3 % ) | 12.8% ( 12.8 % )
operating profit margins as adjusted | 15.3% ( 15.3 % ) | 14.6% ( 14.6 % ) | 13.0% ( 13.0 % ) operating profit margins in 2017 and 2016 were positively affected by increased sales volume , cost savings initiatives , and a more favorable relationship between net selling prices and commodity costs .operating profit margin in 2017 was negatively impacted by an increase in strategic growth investments and certain other expenses , including stock-based compensation , health insurance costs , trade show costs and increased head count .operating profit margin in 2016 was negatively impacted by an increase in warranty costs by a business in our windows and other specialty products segment and an increase in strategic growth investments , as well as erp system implementation costs and higher insurance costs ........................................................... ................................................................... ...................................... ......................................................... ............................................. .............................................. .
Question: what were gross profit margins in 2017?
| convfinqa2391 |
affected by lower sales volume of cabinets , the divestiture of our arrow and moores businesses , and an unfavorable sales mix of international plumbing products , which , in aggregate , decreased sales by approximately two percent compared to 2016 .net sales for 2016 were positively affected by increased sales volume of plumbing products , paints and other coating products and builders' hardware , which , in aggregate , increased sales by approximately five percent compared to 2015 .net sales for 2016 were also positively affected by favorable sales mix of cabinets and windows , and net selling price increases of north american windows and north american and international plumbing products , which , in aggregate , increased sales approximately one percent .net sales for 2016 were negatively affected by lower sales volume of cabinets and lower net selling prices of paints and other coating products , which , in aggregate , decreased sales by approximately two percent .net sales for 2015 were positively affected by increased sales volume of plumbing products , paints and other coating products , windows and builders' hardware .net sales for 2015 were also positively affected by net selling price increases of plumbing products , cabinets and windows , as well as sales mix of north american cabinets and windows .net sales for 2015 were negatively affected by lower sales volume of cabinets and lower net selling prices of paints and other coating products .our gross profit margins were 34.2 percent , 33.4 percent and 31.5 percent in 2017 , 2016 and 2015 , respectively .the 2017 and 2016 gross profit margins were positively impacted by increased sales volume , a more favorable relationship between net selling prices and commodity costs , and cost savings initiatives .2016 gross profit margins were negatively impacted by an increase in warranty costs resulting from a change in our estimate of expected future warranty claim costs .selling , general and administrative expenses as a percent of sales were 18.9 percent in 2017 compared with 19.1 percent in 2016 and 18.7 percent in 2015 .selling , general and administrative expenses as a percent of sales in 2017 reflect increased sales and the effect of cost containment measures , partially offset by an increase in strategic growth investments , stock-based compensation , health insurance costs and trade show costs .selling , general and administrative expenses as a percent of sales in 2016 reflect strategic growth investments , erp system implementation costs and higher insurance costs .the following table reconciles reported operating profit to operating profit , as adjusted to exclude certain items , dollars in millions: . | 2017 | 2016 | 2015
operating profit as reported | $ 1169 | $ 1053 | $ 914
rationalization charges | 4 | 22 | 18
gain from sale of property and equipment | 2014 | 2014 | -5 ( 5 )
operating profit as adjusted | $ 1173 | $ 1075 | $ 927
operating profit margins as reported | 15.3% ( 15.3 % ) | 14.3% ( 14.3 % ) | 12.8% ( 12.8 % )
operating profit margins as adjusted | 15.3% ( 15.3 % ) | 14.6% ( 14.6 % ) | 13.0% ( 13.0 % ) operating profit margins in 2017 and 2016 were positively affected by increased sales volume , cost savings initiatives , and a more favorable relationship between net selling prices and commodity costs .operating profit margin in 2017 was negatively impacted by an increase in strategic growth investments and certain other expenses , including stock-based compensation , health insurance costs , trade show costs and increased head count .operating profit margin in 2016 was negatively impacted by an increase in warranty costs by a business in our windows and other specialty products segment and an increase in strategic growth investments , as well as erp system implementation costs and higher insurance costs ........................................................... ................................................................... ...................................... ......................................................... ............................................. .............................................. .
Question: what were gross profit margins in 2017?
Steps: Ask for number 34.2
Answer: 34.2
Question: and in 2016?
| 33.4 | 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.
affected by lower sales volume of cabinets , the divestiture of our arrow and moores businesses , and an unfavorable sales mix of international plumbing products , which , in aggregate , decreased sales by approximately two percent compared to 2016 .net sales for 2016 were positively affected by increased sales volume of plumbing products , paints and other coating products and builders' hardware , which , in aggregate , increased sales by approximately five percent compared to 2015 .net sales for 2016 were also positively affected by favorable sales mix of cabinets and windows , and net selling price increases of north american windows and north american and international plumbing products , which , in aggregate , increased sales approximately one percent .net sales for 2016 were negatively affected by lower sales volume of cabinets and lower net selling prices of paints and other coating products , which , in aggregate , decreased sales by approximately two percent .net sales for 2015 were positively affected by increased sales volume of plumbing products , paints and other coating products , windows and builders' hardware .net sales for 2015 were also positively affected by net selling price increases of plumbing products , cabinets and windows , as well as sales mix of north american cabinets and windows .net sales for 2015 were negatively affected by lower sales volume of cabinets and lower net selling prices of paints and other coating products .our gross profit margins were 34.2 percent , 33.4 percent and 31.5 percent in 2017 , 2016 and 2015 , respectively .the 2017 and 2016 gross profit margins were positively impacted by increased sales volume , a more favorable relationship between net selling prices and commodity costs , and cost savings initiatives .2016 gross profit margins were negatively impacted by an increase in warranty costs resulting from a change in our estimate of expected future warranty claim costs .selling , general and administrative expenses as a percent of sales were 18.9 percent in 2017 compared with 19.1 percent in 2016 and 18.7 percent in 2015 .selling , general and administrative expenses as a percent of sales in 2017 reflect increased sales and the effect of cost containment measures , partially offset by an increase in strategic growth investments , stock-based compensation , health insurance costs and trade show costs .selling , general and administrative expenses as a percent of sales in 2016 reflect strategic growth investments , erp system implementation costs and higher insurance costs .the following table reconciles reported operating profit to operating profit , as adjusted to exclude certain items , dollars in millions: . | 2017 | 2016 | 2015
operating profit as reported | $ 1169 | $ 1053 | $ 914
rationalization charges | 4 | 22 | 18
gain from sale of property and equipment | 2014 | 2014 | -5 ( 5 )
operating profit as adjusted | $ 1173 | $ 1075 | $ 927
operating profit margins as reported | 15.3% ( 15.3 % ) | 14.3% ( 14.3 % ) | 12.8% ( 12.8 % )
operating profit margins as adjusted | 15.3% ( 15.3 % ) | 14.6% ( 14.6 % ) | 13.0% ( 13.0 % ) operating profit margins in 2017 and 2016 were positively affected by increased sales volume , cost savings initiatives , and a more favorable relationship between net selling prices and commodity costs .operating profit margin in 2017 was negatively impacted by an increase in strategic growth investments and certain other expenses , including stock-based compensation , health insurance costs , trade show costs and increased head count .operating profit margin in 2016 was negatively impacted by an increase in warranty costs by a business in our windows and other specialty products segment and an increase in strategic growth investments , as well as erp system implementation costs and higher insurance costs ........................................................... ................................................................... ...................................... ......................................................... ............................................. .............................................. .
Question: what were gross profit margins in 2017?
Steps: Ask for number 34.2
Answer: 34.2
Question: and in 2016?
| convfinqa2392 |
affected by lower sales volume of cabinets , the divestiture of our arrow and moores businesses , and an unfavorable sales mix of international plumbing products , which , in aggregate , decreased sales by approximately two percent compared to 2016 .net sales for 2016 were positively affected by increased sales volume of plumbing products , paints and other coating products and builders' hardware , which , in aggregate , increased sales by approximately five percent compared to 2015 .net sales for 2016 were also positively affected by favorable sales mix of cabinets and windows , and net selling price increases of north american windows and north american and international plumbing products , which , in aggregate , increased sales approximately one percent .net sales for 2016 were negatively affected by lower sales volume of cabinets and lower net selling prices of paints and other coating products , which , in aggregate , decreased sales by approximately two percent .net sales for 2015 were positively affected by increased sales volume of plumbing products , paints and other coating products , windows and builders' hardware .net sales for 2015 were also positively affected by net selling price increases of plumbing products , cabinets and windows , as well as sales mix of north american cabinets and windows .net sales for 2015 were negatively affected by lower sales volume of cabinets and lower net selling prices of paints and other coating products .our gross profit margins were 34.2 percent , 33.4 percent and 31.5 percent in 2017 , 2016 and 2015 , respectively .the 2017 and 2016 gross profit margins were positively impacted by increased sales volume , a more favorable relationship between net selling prices and commodity costs , and cost savings initiatives .2016 gross profit margins were negatively impacted by an increase in warranty costs resulting from a change in our estimate of expected future warranty claim costs .selling , general and administrative expenses as a percent of sales were 18.9 percent in 2017 compared with 19.1 percent in 2016 and 18.7 percent in 2015 .selling , general and administrative expenses as a percent of sales in 2017 reflect increased sales and the effect of cost containment measures , partially offset by an increase in strategic growth investments , stock-based compensation , health insurance costs and trade show costs .selling , general and administrative expenses as a percent of sales in 2016 reflect strategic growth investments , erp system implementation costs and higher insurance costs .the following table reconciles reported operating profit to operating profit , as adjusted to exclude certain items , dollars in millions: . | 2017 | 2016 | 2015
operating profit as reported | $ 1169 | $ 1053 | $ 914
rationalization charges | 4 | 22 | 18
gain from sale of property and equipment | 2014 | 2014 | -5 ( 5 )
operating profit as adjusted | $ 1173 | $ 1075 | $ 927
operating profit margins as reported | 15.3% ( 15.3 % ) | 14.3% ( 14.3 % ) | 12.8% ( 12.8 % )
operating profit margins as adjusted | 15.3% ( 15.3 % ) | 14.6% ( 14.6 % ) | 13.0% ( 13.0 % ) operating profit margins in 2017 and 2016 were positively affected by increased sales volume , cost savings initiatives , and a more favorable relationship between net selling prices and commodity costs .operating profit margin in 2017 was negatively impacted by an increase in strategic growth investments and certain other expenses , including stock-based compensation , health insurance costs , trade show costs and increased head count .operating profit margin in 2016 was negatively impacted by an increase in warranty costs by a business in our windows and other specialty products segment and an increase in strategic growth investments , as well as erp system implementation costs and higher insurance costs ........................................................... ................................................................... ...................................... ......................................................... ............................................. .............................................. .
Question: what were gross profit margins in 2017?
Steps: Ask for number 34.2
Answer: 34.2
Question: and in 2016?
Steps: Ask for number 33.4
Answer: 33.4
Question: so what was the difference between these two values?
| 0.8 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
affected by lower sales volume of cabinets , the divestiture of our arrow and moores businesses , and an unfavorable sales mix of international plumbing products , which , in aggregate , decreased sales by approximately two percent compared to 2016 .net sales for 2016 were positively affected by increased sales volume of plumbing products , paints and other coating products and builders' hardware , which , in aggregate , increased sales by approximately five percent compared to 2015 .net sales for 2016 were also positively affected by favorable sales mix of cabinets and windows , and net selling price increases of north american windows and north american and international plumbing products , which , in aggregate , increased sales approximately one percent .net sales for 2016 were negatively affected by lower sales volume of cabinets and lower net selling prices of paints and other coating products , which , in aggregate , decreased sales by approximately two percent .net sales for 2015 were positively affected by increased sales volume of plumbing products , paints and other coating products , windows and builders' hardware .net sales for 2015 were also positively affected by net selling price increases of plumbing products , cabinets and windows , as well as sales mix of north american cabinets and windows .net sales for 2015 were negatively affected by lower sales volume of cabinets and lower net selling prices of paints and other coating products .our gross profit margins were 34.2 percent , 33.4 percent and 31.5 percent in 2017 , 2016 and 2015 , respectively .the 2017 and 2016 gross profit margins were positively impacted by increased sales volume , a more favorable relationship between net selling prices and commodity costs , and cost savings initiatives .2016 gross profit margins were negatively impacted by an increase in warranty costs resulting from a change in our estimate of expected future warranty claim costs .selling , general and administrative expenses as a percent of sales were 18.9 percent in 2017 compared with 19.1 percent in 2016 and 18.7 percent in 2015 .selling , general and administrative expenses as a percent of sales in 2017 reflect increased sales and the effect of cost containment measures , partially offset by an increase in strategic growth investments , stock-based compensation , health insurance costs and trade show costs .selling , general and administrative expenses as a percent of sales in 2016 reflect strategic growth investments , erp system implementation costs and higher insurance costs .the following table reconciles reported operating profit to operating profit , as adjusted to exclude certain items , dollars in millions: . | 2017 | 2016 | 2015
operating profit as reported | $ 1169 | $ 1053 | $ 914
rationalization charges | 4 | 22 | 18
gain from sale of property and equipment | 2014 | 2014 | -5 ( 5 )
operating profit as adjusted | $ 1173 | $ 1075 | $ 927
operating profit margins as reported | 15.3% ( 15.3 % ) | 14.3% ( 14.3 % ) | 12.8% ( 12.8 % )
operating profit margins as adjusted | 15.3% ( 15.3 % ) | 14.6% ( 14.6 % ) | 13.0% ( 13.0 % ) operating profit margins in 2017 and 2016 were positively affected by increased sales volume , cost savings initiatives , and a more favorable relationship between net selling prices and commodity costs .operating profit margin in 2017 was negatively impacted by an increase in strategic growth investments and certain other expenses , including stock-based compensation , health insurance costs , trade show costs and increased head count .operating profit margin in 2016 was negatively impacted by an increase in warranty costs by a business in our windows and other specialty products segment and an increase in strategic growth investments , as well as erp system implementation costs and higher insurance costs ........................................................... ................................................................... ...................................... ......................................................... ............................................. .............................................. .
Question: what were gross profit margins in 2017?
Steps: Ask for number 34.2
Answer: 34.2
Question: and in 2016?
Steps: Ask for number 33.4
Answer: 33.4
Question: so what was the difference between these two values?
| convfinqa2393 |
affected by lower sales volume of cabinets , the divestiture of our arrow and moores businesses , and an unfavorable sales mix of international plumbing products , which , in aggregate , decreased sales by approximately two percent compared to 2016 .net sales for 2016 were positively affected by increased sales volume of plumbing products , paints and other coating products and builders' hardware , which , in aggregate , increased sales by approximately five percent compared to 2015 .net sales for 2016 were also positively affected by favorable sales mix of cabinets and windows , and net selling price increases of north american windows and north american and international plumbing products , which , in aggregate , increased sales approximately one percent .net sales for 2016 were negatively affected by lower sales volume of cabinets and lower net selling prices of paints and other coating products , which , in aggregate , decreased sales by approximately two percent .net sales for 2015 were positively affected by increased sales volume of plumbing products , paints and other coating products , windows and builders' hardware .net sales for 2015 were also positively affected by net selling price increases of plumbing products , cabinets and windows , as well as sales mix of north american cabinets and windows .net sales for 2015 were negatively affected by lower sales volume of cabinets and lower net selling prices of paints and other coating products .our gross profit margins were 34.2 percent , 33.4 percent and 31.5 percent in 2017 , 2016 and 2015 , respectively .the 2017 and 2016 gross profit margins were positively impacted by increased sales volume , a more favorable relationship between net selling prices and commodity costs , and cost savings initiatives .2016 gross profit margins were negatively impacted by an increase in warranty costs resulting from a change in our estimate of expected future warranty claim costs .selling , general and administrative expenses as a percent of sales were 18.9 percent in 2017 compared with 19.1 percent in 2016 and 18.7 percent in 2015 .selling , general and administrative expenses as a percent of sales in 2017 reflect increased sales and the effect of cost containment measures , partially offset by an increase in strategic growth investments , stock-based compensation , health insurance costs and trade show costs .selling , general and administrative expenses as a percent of sales in 2016 reflect strategic growth investments , erp system implementation costs and higher insurance costs .the following table reconciles reported operating profit to operating profit , as adjusted to exclude certain items , dollars in millions: . | 2017 | 2016 | 2015
operating profit as reported | $ 1169 | $ 1053 | $ 914
rationalization charges | 4 | 22 | 18
gain from sale of property and equipment | 2014 | 2014 | -5 ( 5 )
operating profit as adjusted | $ 1173 | $ 1075 | $ 927
operating profit margins as reported | 15.3% ( 15.3 % ) | 14.3% ( 14.3 % ) | 12.8% ( 12.8 % )
operating profit margins as adjusted | 15.3% ( 15.3 % ) | 14.6% ( 14.6 % ) | 13.0% ( 13.0 % ) operating profit margins in 2017 and 2016 were positively affected by increased sales volume , cost savings initiatives , and a more favorable relationship between net selling prices and commodity costs .operating profit margin in 2017 was negatively impacted by an increase in strategic growth investments and certain other expenses , including stock-based compensation , health insurance costs , trade show costs and increased head count .operating profit margin in 2016 was negatively impacted by an increase in warranty costs by a business in our windows and other specialty products segment and an increase in strategic growth investments , as well as erp system implementation costs and higher insurance costs ........................................................... ................................................................... ...................................... ......................................................... ............................................. .............................................. .
Question: what were gross profit margins in 2017?
Steps: Ask for number 34.2
Answer: 34.2
Question: and in 2016?
Steps: Ask for number 33.4
Answer: 33.4
Question: so what was the difference between these two values?
Steps: subtract(34.2, 33.4)
Answer: 0.8
Question: and the percentage change during this time?
| 0.02395 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
affected by lower sales volume of cabinets , the divestiture of our arrow and moores businesses , and an unfavorable sales mix of international plumbing products , which , in aggregate , decreased sales by approximately two percent compared to 2016 .net sales for 2016 were positively affected by increased sales volume of plumbing products , paints and other coating products and builders' hardware , which , in aggregate , increased sales by approximately five percent compared to 2015 .net sales for 2016 were also positively affected by favorable sales mix of cabinets and windows , and net selling price increases of north american windows and north american and international plumbing products , which , in aggregate , increased sales approximately one percent .net sales for 2016 were negatively affected by lower sales volume of cabinets and lower net selling prices of paints and other coating products , which , in aggregate , decreased sales by approximately two percent .net sales for 2015 were positively affected by increased sales volume of plumbing products , paints and other coating products , windows and builders' hardware .net sales for 2015 were also positively affected by net selling price increases of plumbing products , cabinets and windows , as well as sales mix of north american cabinets and windows .net sales for 2015 were negatively affected by lower sales volume of cabinets and lower net selling prices of paints and other coating products .our gross profit margins were 34.2 percent , 33.4 percent and 31.5 percent in 2017 , 2016 and 2015 , respectively .the 2017 and 2016 gross profit margins were positively impacted by increased sales volume , a more favorable relationship between net selling prices and commodity costs , and cost savings initiatives .2016 gross profit margins were negatively impacted by an increase in warranty costs resulting from a change in our estimate of expected future warranty claim costs .selling , general and administrative expenses as a percent of sales were 18.9 percent in 2017 compared with 19.1 percent in 2016 and 18.7 percent in 2015 .selling , general and administrative expenses as a percent of sales in 2017 reflect increased sales and the effect of cost containment measures , partially offset by an increase in strategic growth investments , stock-based compensation , health insurance costs and trade show costs .selling , general and administrative expenses as a percent of sales in 2016 reflect strategic growth investments , erp system implementation costs and higher insurance costs .the following table reconciles reported operating profit to operating profit , as adjusted to exclude certain items , dollars in millions: . | 2017 | 2016 | 2015
operating profit as reported | $ 1169 | $ 1053 | $ 914
rationalization charges | 4 | 22 | 18
gain from sale of property and equipment | 2014 | 2014 | -5 ( 5 )
operating profit as adjusted | $ 1173 | $ 1075 | $ 927
operating profit margins as reported | 15.3% ( 15.3 % ) | 14.3% ( 14.3 % ) | 12.8% ( 12.8 % )
operating profit margins as adjusted | 15.3% ( 15.3 % ) | 14.6% ( 14.6 % ) | 13.0% ( 13.0 % ) operating profit margins in 2017 and 2016 were positively affected by increased sales volume , cost savings initiatives , and a more favorable relationship between net selling prices and commodity costs .operating profit margin in 2017 was negatively impacted by an increase in strategic growth investments and certain other expenses , including stock-based compensation , health insurance costs , trade show costs and increased head count .operating profit margin in 2016 was negatively impacted by an increase in warranty costs by a business in our windows and other specialty products segment and an increase in strategic growth investments , as well as erp system implementation costs and higher insurance costs ........................................................... ................................................................... ...................................... ......................................................... ............................................. .............................................. .
Question: what were gross profit margins in 2017?
Steps: Ask for number 34.2
Answer: 34.2
Question: and in 2016?
Steps: Ask for number 33.4
Answer: 33.4
Question: so what was the difference between these two values?
Steps: subtract(34.2, 33.4)
Answer: 0.8
Question: and the percentage change during this time?
| convfinqa2394 |
royal caribbean cruises ltd .79 notes to the consolidated financial statements in 2012 , we determined the implied fair value of good- will for the pullmantur reporting unit was $ 145.5 mil- lion and recognized an impairment charge of $ 319.2 million based on a probability-weighted discounted cash flow model further discussed below .this impair- ment charge was recognized in earnings during the fourth quarter of 2012 and is reported within impair- ment of pullmantur related assets within our consoli- dated statements of comprehensive income ( loss ) .during the fourth quarter of 2014 , we performed a qualitative assessment of whether it was more-likely- than-not that our royal caribbean international reporting unit 2019s fair value was less than its carrying amount before applying the two-step goodwill impair- ment test .the qualitative analysis included assessing the impact of certain factors such as general economic conditions , limitations on accessing capital , changes in forecasted operating results , changes in fuel prices and fluctuations in foreign exchange rates .based on our qualitative assessment , we concluded that it was more-likely-than-not that the estimated fair value of the royal caribbean international reporting unit exceeded its carrying value and thus , we did not pro- ceed to the two-step goodwill impairment test .no indicators of impairment exist primarily because the reporting unit 2019s fair value has consistently exceeded its carrying value by a significant margin , its financial performance has been solid in the face of mixed economic environments and forecasts of operating results generated by the reporting unit appear suffi- cient to support its carrying value .we also performed our annual impairment review of goodwill for pullmantur 2019s reporting unit during the fourth quarter of 2014 .we did not perform a quali- tative assessment but instead proceeded directly to the two-step goodwill impairment test .we estimated the fair value of the pullmantur reporting unit using a probability-weighted discounted cash flow model .the principal assumptions used in the discounted cash flow model are projected operating results , weighted- average cost of capital , and terminal value .signifi- cantly impacting these assumptions are the transfer of vessels from our other cruise brands to pullmantur .the discounted cash flow model used our 2015 pro- jected operating results as a base .to that base , we added future years 2019 cash flows assuming multiple rev- enue and expense scenarios that reflect the impact of different global economic environments beyond 2015 on pullmantur 2019s reporting unit .we assigned a probability to each revenue and expense scenario .we discounted the projected cash flows using rates specific to pullmantur 2019s reporting unit based on its weighted-average cost of capital .based on the probability-weighted discounted cash flows , we deter- mined the fair value of the pullmantur reporting unit exceeded its carrying value by approximately 52% ( 52 % ) resulting in no impairment to pullmantur 2019s goodwill .pullmantur is a brand targeted primarily at the spanish , portuguese and latin american markets , with an increasing focus on latin america .the persistent economic instability in these markets has created sig- nificant uncertainties in forecasting operating results and future cash flows used in our impairment analyses .we continue to monitor economic events in these markets for their potential impact on pullmantur 2019s business and valuation .further , the estimation of fair value utilizing discounted expected future cash flows includes numerous uncertainties which require our significant judgment when making assumptions of expected revenues , operating costs , marketing , sell- ing and administrative expenses , interest rates , ship additions and retirements as well as assumptions regarding the cruise vacation industry 2019s competitive environment and general economic and business conditions , among other factors .if there are changes to the projected future cash flows used in the impairment analyses , especially in net yields or if certain transfers of vessels from our other cruise brands to the pullmantur fleet do not take place , it is possible that an impairment charge of pullmantur 2019s reporting unit 2019s goodwill may be required .of these factors , the planned transfers of vessels to the pullmantur fleet is most significant to the projected future cash flows .if the transfers do not occur , we will likely fail step one of the impairment test .note 4 .intangible assets intangible assets are reported in other assets in our consolidated balance sheets and consist of the follow- ing ( in thousands ) : . | 2014 | 2013
indefinite-life intangible asset 2014pullmantur trademarks and trade names | $ 214112 | $ 204866
foreign currency translation adjustment | -26074 ( 26074 ) | 9246
total | $ 188038 | $ 214112 during the fourth quarter of 2014 , 2013 and 2012 , we performed the annual impairment review of pullmantur 2019s trademarks and trade names using a discounted cash flow model and the relief-from-royalty method to compare the fair value of these indefinite-lived intan- gible assets to its carrying value .the royalty rate used is based on comparable royalty agreements in the tourism and hospitality industry .we used a dis- count rate comparable to the rate used in valuing the pullmantur reporting unit in our goodwill impairment test .based on the results of our testing , we did not .
Question: what is the intangible assets of 2014?
| 214112.0 | 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.
royal caribbean cruises ltd .79 notes to the consolidated financial statements in 2012 , we determined the implied fair value of good- will for the pullmantur reporting unit was $ 145.5 mil- lion and recognized an impairment charge of $ 319.2 million based on a probability-weighted discounted cash flow model further discussed below .this impair- ment charge was recognized in earnings during the fourth quarter of 2012 and is reported within impair- ment of pullmantur related assets within our consoli- dated statements of comprehensive income ( loss ) .during the fourth quarter of 2014 , we performed a qualitative assessment of whether it was more-likely- than-not that our royal caribbean international reporting unit 2019s fair value was less than its carrying amount before applying the two-step goodwill impair- ment test .the qualitative analysis included assessing the impact of certain factors such as general economic conditions , limitations on accessing capital , changes in forecasted operating results , changes in fuel prices and fluctuations in foreign exchange rates .based on our qualitative assessment , we concluded that it was more-likely-than-not that the estimated fair value of the royal caribbean international reporting unit exceeded its carrying value and thus , we did not pro- ceed to the two-step goodwill impairment test .no indicators of impairment exist primarily because the reporting unit 2019s fair value has consistently exceeded its carrying value by a significant margin , its financial performance has been solid in the face of mixed economic environments and forecasts of operating results generated by the reporting unit appear suffi- cient to support its carrying value .we also performed our annual impairment review of goodwill for pullmantur 2019s reporting unit during the fourth quarter of 2014 .we did not perform a quali- tative assessment but instead proceeded directly to the two-step goodwill impairment test .we estimated the fair value of the pullmantur reporting unit using a probability-weighted discounted cash flow model .the principal assumptions used in the discounted cash flow model are projected operating results , weighted- average cost of capital , and terminal value .signifi- cantly impacting these assumptions are the transfer of vessels from our other cruise brands to pullmantur .the discounted cash flow model used our 2015 pro- jected operating results as a base .to that base , we added future years 2019 cash flows assuming multiple rev- enue and expense scenarios that reflect the impact of different global economic environments beyond 2015 on pullmantur 2019s reporting unit .we assigned a probability to each revenue and expense scenario .we discounted the projected cash flows using rates specific to pullmantur 2019s reporting unit based on its weighted-average cost of capital .based on the probability-weighted discounted cash flows , we deter- mined the fair value of the pullmantur reporting unit exceeded its carrying value by approximately 52% ( 52 % ) resulting in no impairment to pullmantur 2019s goodwill .pullmantur is a brand targeted primarily at the spanish , portuguese and latin american markets , with an increasing focus on latin america .the persistent economic instability in these markets has created sig- nificant uncertainties in forecasting operating results and future cash flows used in our impairment analyses .we continue to monitor economic events in these markets for their potential impact on pullmantur 2019s business and valuation .further , the estimation of fair value utilizing discounted expected future cash flows includes numerous uncertainties which require our significant judgment when making assumptions of expected revenues , operating costs , marketing , sell- ing and administrative expenses , interest rates , ship additions and retirements as well as assumptions regarding the cruise vacation industry 2019s competitive environment and general economic and business conditions , among other factors .if there are changes to the projected future cash flows used in the impairment analyses , especially in net yields or if certain transfers of vessels from our other cruise brands to the pullmantur fleet do not take place , it is possible that an impairment charge of pullmantur 2019s reporting unit 2019s goodwill may be required .of these factors , the planned transfers of vessels to the pullmantur fleet is most significant to the projected future cash flows .if the transfers do not occur , we will likely fail step one of the impairment test .note 4 .intangible assets intangible assets are reported in other assets in our consolidated balance sheets and consist of the follow- ing ( in thousands ) : . | 2014 | 2013
indefinite-life intangible asset 2014pullmantur trademarks and trade names | $ 214112 | $ 204866
foreign currency translation adjustment | -26074 ( 26074 ) | 9246
total | $ 188038 | $ 214112 during the fourth quarter of 2014 , 2013 and 2012 , we performed the annual impairment review of pullmantur 2019s trademarks and trade names using a discounted cash flow model and the relief-from-royalty method to compare the fair value of these indefinite-lived intan- gible assets to its carrying value .the royalty rate used is based on comparable royalty agreements in the tourism and hospitality industry .we used a dis- count rate comparable to the rate used in valuing the pullmantur reporting unit in our goodwill impairment test .based on the results of our testing , we did not .
Question: what is the intangible assets of 2014?
| convfinqa2395 |
royal caribbean cruises ltd .79 notes to the consolidated financial statements in 2012 , we determined the implied fair value of good- will for the pullmantur reporting unit was $ 145.5 mil- lion and recognized an impairment charge of $ 319.2 million based on a probability-weighted discounted cash flow model further discussed below .this impair- ment charge was recognized in earnings during the fourth quarter of 2012 and is reported within impair- ment of pullmantur related assets within our consoli- dated statements of comprehensive income ( loss ) .during the fourth quarter of 2014 , we performed a qualitative assessment of whether it was more-likely- than-not that our royal caribbean international reporting unit 2019s fair value was less than its carrying amount before applying the two-step goodwill impair- ment test .the qualitative analysis included assessing the impact of certain factors such as general economic conditions , limitations on accessing capital , changes in forecasted operating results , changes in fuel prices and fluctuations in foreign exchange rates .based on our qualitative assessment , we concluded that it was more-likely-than-not that the estimated fair value of the royal caribbean international reporting unit exceeded its carrying value and thus , we did not pro- ceed to the two-step goodwill impairment test .no indicators of impairment exist primarily because the reporting unit 2019s fair value has consistently exceeded its carrying value by a significant margin , its financial performance has been solid in the face of mixed economic environments and forecasts of operating results generated by the reporting unit appear suffi- cient to support its carrying value .we also performed our annual impairment review of goodwill for pullmantur 2019s reporting unit during the fourth quarter of 2014 .we did not perform a quali- tative assessment but instead proceeded directly to the two-step goodwill impairment test .we estimated the fair value of the pullmantur reporting unit using a probability-weighted discounted cash flow model .the principal assumptions used in the discounted cash flow model are projected operating results , weighted- average cost of capital , and terminal value .signifi- cantly impacting these assumptions are the transfer of vessels from our other cruise brands to pullmantur .the discounted cash flow model used our 2015 pro- jected operating results as a base .to that base , we added future years 2019 cash flows assuming multiple rev- enue and expense scenarios that reflect the impact of different global economic environments beyond 2015 on pullmantur 2019s reporting unit .we assigned a probability to each revenue and expense scenario .we discounted the projected cash flows using rates specific to pullmantur 2019s reporting unit based on its weighted-average cost of capital .based on the probability-weighted discounted cash flows , we deter- mined the fair value of the pullmantur reporting unit exceeded its carrying value by approximately 52% ( 52 % ) resulting in no impairment to pullmantur 2019s goodwill .pullmantur is a brand targeted primarily at the spanish , portuguese and latin american markets , with an increasing focus on latin america .the persistent economic instability in these markets has created sig- nificant uncertainties in forecasting operating results and future cash flows used in our impairment analyses .we continue to monitor economic events in these markets for their potential impact on pullmantur 2019s business and valuation .further , the estimation of fair value utilizing discounted expected future cash flows includes numerous uncertainties which require our significant judgment when making assumptions of expected revenues , operating costs , marketing , sell- ing and administrative expenses , interest rates , ship additions and retirements as well as assumptions regarding the cruise vacation industry 2019s competitive environment and general economic and business conditions , among other factors .if there are changes to the projected future cash flows used in the impairment analyses , especially in net yields or if certain transfers of vessels from our other cruise brands to the pullmantur fleet do not take place , it is possible that an impairment charge of pullmantur 2019s reporting unit 2019s goodwill may be required .of these factors , the planned transfers of vessels to the pullmantur fleet is most significant to the projected future cash flows .if the transfers do not occur , we will likely fail step one of the impairment test .note 4 .intangible assets intangible assets are reported in other assets in our consolidated balance sheets and consist of the follow- ing ( in thousands ) : . | 2014 | 2013
indefinite-life intangible asset 2014pullmantur trademarks and trade names | $ 214112 | $ 204866
foreign currency translation adjustment | -26074 ( 26074 ) | 9246
total | $ 188038 | $ 214112 during the fourth quarter of 2014 , 2013 and 2012 , we performed the annual impairment review of pullmantur 2019s trademarks and trade names using a discounted cash flow model and the relief-from-royalty method to compare the fair value of these indefinite-lived intan- gible assets to its carrying value .the royalty rate used is based on comparable royalty agreements in the tourism and hospitality industry .we used a dis- count rate comparable to the rate used in valuing the pullmantur reporting unit in our goodwill impairment test .based on the results of our testing , we did not .
Question: what is the intangible assets of 2014?
Steps: Ask for number 214112
Answer: 214112.0
Question: and that of 2013?
| 204866.0 | 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.
royal caribbean cruises ltd .79 notes to the consolidated financial statements in 2012 , we determined the implied fair value of good- will for the pullmantur reporting unit was $ 145.5 mil- lion and recognized an impairment charge of $ 319.2 million based on a probability-weighted discounted cash flow model further discussed below .this impair- ment charge was recognized in earnings during the fourth quarter of 2012 and is reported within impair- ment of pullmantur related assets within our consoli- dated statements of comprehensive income ( loss ) .during the fourth quarter of 2014 , we performed a qualitative assessment of whether it was more-likely- than-not that our royal caribbean international reporting unit 2019s fair value was less than its carrying amount before applying the two-step goodwill impair- ment test .the qualitative analysis included assessing the impact of certain factors such as general economic conditions , limitations on accessing capital , changes in forecasted operating results , changes in fuel prices and fluctuations in foreign exchange rates .based on our qualitative assessment , we concluded that it was more-likely-than-not that the estimated fair value of the royal caribbean international reporting unit exceeded its carrying value and thus , we did not pro- ceed to the two-step goodwill impairment test .no indicators of impairment exist primarily because the reporting unit 2019s fair value has consistently exceeded its carrying value by a significant margin , its financial performance has been solid in the face of mixed economic environments and forecasts of operating results generated by the reporting unit appear suffi- cient to support its carrying value .we also performed our annual impairment review of goodwill for pullmantur 2019s reporting unit during the fourth quarter of 2014 .we did not perform a quali- tative assessment but instead proceeded directly to the two-step goodwill impairment test .we estimated the fair value of the pullmantur reporting unit using a probability-weighted discounted cash flow model .the principal assumptions used in the discounted cash flow model are projected operating results , weighted- average cost of capital , and terminal value .signifi- cantly impacting these assumptions are the transfer of vessels from our other cruise brands to pullmantur .the discounted cash flow model used our 2015 pro- jected operating results as a base .to that base , we added future years 2019 cash flows assuming multiple rev- enue and expense scenarios that reflect the impact of different global economic environments beyond 2015 on pullmantur 2019s reporting unit .we assigned a probability to each revenue and expense scenario .we discounted the projected cash flows using rates specific to pullmantur 2019s reporting unit based on its weighted-average cost of capital .based on the probability-weighted discounted cash flows , we deter- mined the fair value of the pullmantur reporting unit exceeded its carrying value by approximately 52% ( 52 % ) resulting in no impairment to pullmantur 2019s goodwill .pullmantur is a brand targeted primarily at the spanish , portuguese and latin american markets , with an increasing focus on latin america .the persistent economic instability in these markets has created sig- nificant uncertainties in forecasting operating results and future cash flows used in our impairment analyses .we continue to monitor economic events in these markets for their potential impact on pullmantur 2019s business and valuation .further , the estimation of fair value utilizing discounted expected future cash flows includes numerous uncertainties which require our significant judgment when making assumptions of expected revenues , operating costs , marketing , sell- ing and administrative expenses , interest rates , ship additions and retirements as well as assumptions regarding the cruise vacation industry 2019s competitive environment and general economic and business conditions , among other factors .if there are changes to the projected future cash flows used in the impairment analyses , especially in net yields or if certain transfers of vessels from our other cruise brands to the pullmantur fleet do not take place , it is possible that an impairment charge of pullmantur 2019s reporting unit 2019s goodwill may be required .of these factors , the planned transfers of vessels to the pullmantur fleet is most significant to the projected future cash flows .if the transfers do not occur , we will likely fail step one of the impairment test .note 4 .intangible assets intangible assets are reported in other assets in our consolidated balance sheets and consist of the follow- ing ( in thousands ) : . | 2014 | 2013
indefinite-life intangible asset 2014pullmantur trademarks and trade names | $ 214112 | $ 204866
foreign currency translation adjustment | -26074 ( 26074 ) | 9246
total | $ 188038 | $ 214112 during the fourth quarter of 2014 , 2013 and 2012 , we performed the annual impairment review of pullmantur 2019s trademarks and trade names using a discounted cash flow model and the relief-from-royalty method to compare the fair value of these indefinite-lived intan- gible assets to its carrying value .the royalty rate used is based on comparable royalty agreements in the tourism and hospitality industry .we used a dis- count rate comparable to the rate used in valuing the pullmantur reporting unit in our goodwill impairment test .based on the results of our testing , we did not .
Question: what is the intangible assets of 2014?
Steps: Ask for number 214112
Answer: 214112.0
Question: and that of 2013?
| convfinqa2396 |
royal caribbean cruises ltd .79 notes to the consolidated financial statements in 2012 , we determined the implied fair value of good- will for the pullmantur reporting unit was $ 145.5 mil- lion and recognized an impairment charge of $ 319.2 million based on a probability-weighted discounted cash flow model further discussed below .this impair- ment charge was recognized in earnings during the fourth quarter of 2012 and is reported within impair- ment of pullmantur related assets within our consoli- dated statements of comprehensive income ( loss ) .during the fourth quarter of 2014 , we performed a qualitative assessment of whether it was more-likely- than-not that our royal caribbean international reporting unit 2019s fair value was less than its carrying amount before applying the two-step goodwill impair- ment test .the qualitative analysis included assessing the impact of certain factors such as general economic conditions , limitations on accessing capital , changes in forecasted operating results , changes in fuel prices and fluctuations in foreign exchange rates .based on our qualitative assessment , we concluded that it was more-likely-than-not that the estimated fair value of the royal caribbean international reporting unit exceeded its carrying value and thus , we did not pro- ceed to the two-step goodwill impairment test .no indicators of impairment exist primarily because the reporting unit 2019s fair value has consistently exceeded its carrying value by a significant margin , its financial performance has been solid in the face of mixed economic environments and forecasts of operating results generated by the reporting unit appear suffi- cient to support its carrying value .we also performed our annual impairment review of goodwill for pullmantur 2019s reporting unit during the fourth quarter of 2014 .we did not perform a quali- tative assessment but instead proceeded directly to the two-step goodwill impairment test .we estimated the fair value of the pullmantur reporting unit using a probability-weighted discounted cash flow model .the principal assumptions used in the discounted cash flow model are projected operating results , weighted- average cost of capital , and terminal value .signifi- cantly impacting these assumptions are the transfer of vessels from our other cruise brands to pullmantur .the discounted cash flow model used our 2015 pro- jected operating results as a base .to that base , we added future years 2019 cash flows assuming multiple rev- enue and expense scenarios that reflect the impact of different global economic environments beyond 2015 on pullmantur 2019s reporting unit .we assigned a probability to each revenue and expense scenario .we discounted the projected cash flows using rates specific to pullmantur 2019s reporting unit based on its weighted-average cost of capital .based on the probability-weighted discounted cash flows , we deter- mined the fair value of the pullmantur reporting unit exceeded its carrying value by approximately 52% ( 52 % ) resulting in no impairment to pullmantur 2019s goodwill .pullmantur is a brand targeted primarily at the spanish , portuguese and latin american markets , with an increasing focus on latin america .the persistent economic instability in these markets has created sig- nificant uncertainties in forecasting operating results and future cash flows used in our impairment analyses .we continue to monitor economic events in these markets for their potential impact on pullmantur 2019s business and valuation .further , the estimation of fair value utilizing discounted expected future cash flows includes numerous uncertainties which require our significant judgment when making assumptions of expected revenues , operating costs , marketing , sell- ing and administrative expenses , interest rates , ship additions and retirements as well as assumptions regarding the cruise vacation industry 2019s competitive environment and general economic and business conditions , among other factors .if there are changes to the projected future cash flows used in the impairment analyses , especially in net yields or if certain transfers of vessels from our other cruise brands to the pullmantur fleet do not take place , it is possible that an impairment charge of pullmantur 2019s reporting unit 2019s goodwill may be required .of these factors , the planned transfers of vessels to the pullmantur fleet is most significant to the projected future cash flows .if the transfers do not occur , we will likely fail step one of the impairment test .note 4 .intangible assets intangible assets are reported in other assets in our consolidated balance sheets and consist of the follow- ing ( in thousands ) : . | 2014 | 2013
indefinite-life intangible asset 2014pullmantur trademarks and trade names | $ 214112 | $ 204866
foreign currency translation adjustment | -26074 ( 26074 ) | 9246
total | $ 188038 | $ 214112 during the fourth quarter of 2014 , 2013 and 2012 , we performed the annual impairment review of pullmantur 2019s trademarks and trade names using a discounted cash flow model and the relief-from-royalty method to compare the fair value of these indefinite-lived intan- gible assets to its carrying value .the royalty rate used is based on comparable royalty agreements in the tourism and hospitality industry .we used a dis- count rate comparable to the rate used in valuing the pullmantur reporting unit in our goodwill impairment test .based on the results of our testing , we did not .
Question: what is the intangible assets of 2014?
Steps: Ask for number 214112
Answer: 214112.0
Question: and that of 2013?
Steps: Ask for number 204866
Answer: 204866.0
Question: how much does that intangible assets of 2014 represents in relation to that of 2013?
| 1.04513 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
royal caribbean cruises ltd .79 notes to the consolidated financial statements in 2012 , we determined the implied fair value of good- will for the pullmantur reporting unit was $ 145.5 mil- lion and recognized an impairment charge of $ 319.2 million based on a probability-weighted discounted cash flow model further discussed below .this impair- ment charge was recognized in earnings during the fourth quarter of 2012 and is reported within impair- ment of pullmantur related assets within our consoli- dated statements of comprehensive income ( loss ) .during the fourth quarter of 2014 , we performed a qualitative assessment of whether it was more-likely- than-not that our royal caribbean international reporting unit 2019s fair value was less than its carrying amount before applying the two-step goodwill impair- ment test .the qualitative analysis included assessing the impact of certain factors such as general economic conditions , limitations on accessing capital , changes in forecasted operating results , changes in fuel prices and fluctuations in foreign exchange rates .based on our qualitative assessment , we concluded that it was more-likely-than-not that the estimated fair value of the royal caribbean international reporting unit exceeded its carrying value and thus , we did not pro- ceed to the two-step goodwill impairment test .no indicators of impairment exist primarily because the reporting unit 2019s fair value has consistently exceeded its carrying value by a significant margin , its financial performance has been solid in the face of mixed economic environments and forecasts of operating results generated by the reporting unit appear suffi- cient to support its carrying value .we also performed our annual impairment review of goodwill for pullmantur 2019s reporting unit during the fourth quarter of 2014 .we did not perform a quali- tative assessment but instead proceeded directly to the two-step goodwill impairment test .we estimated the fair value of the pullmantur reporting unit using a probability-weighted discounted cash flow model .the principal assumptions used in the discounted cash flow model are projected operating results , weighted- average cost of capital , and terminal value .signifi- cantly impacting these assumptions are the transfer of vessels from our other cruise brands to pullmantur .the discounted cash flow model used our 2015 pro- jected operating results as a base .to that base , we added future years 2019 cash flows assuming multiple rev- enue and expense scenarios that reflect the impact of different global economic environments beyond 2015 on pullmantur 2019s reporting unit .we assigned a probability to each revenue and expense scenario .we discounted the projected cash flows using rates specific to pullmantur 2019s reporting unit based on its weighted-average cost of capital .based on the probability-weighted discounted cash flows , we deter- mined the fair value of the pullmantur reporting unit exceeded its carrying value by approximately 52% ( 52 % ) resulting in no impairment to pullmantur 2019s goodwill .pullmantur is a brand targeted primarily at the spanish , portuguese and latin american markets , with an increasing focus on latin america .the persistent economic instability in these markets has created sig- nificant uncertainties in forecasting operating results and future cash flows used in our impairment analyses .we continue to monitor economic events in these markets for their potential impact on pullmantur 2019s business and valuation .further , the estimation of fair value utilizing discounted expected future cash flows includes numerous uncertainties which require our significant judgment when making assumptions of expected revenues , operating costs , marketing , sell- ing and administrative expenses , interest rates , ship additions and retirements as well as assumptions regarding the cruise vacation industry 2019s competitive environment and general economic and business conditions , among other factors .if there are changes to the projected future cash flows used in the impairment analyses , especially in net yields or if certain transfers of vessels from our other cruise brands to the pullmantur fleet do not take place , it is possible that an impairment charge of pullmantur 2019s reporting unit 2019s goodwill may be required .of these factors , the planned transfers of vessels to the pullmantur fleet is most significant to the projected future cash flows .if the transfers do not occur , we will likely fail step one of the impairment test .note 4 .intangible assets intangible assets are reported in other assets in our consolidated balance sheets and consist of the follow- ing ( in thousands ) : . | 2014 | 2013
indefinite-life intangible asset 2014pullmantur trademarks and trade names | $ 214112 | $ 204866
foreign currency translation adjustment | -26074 ( 26074 ) | 9246
total | $ 188038 | $ 214112 during the fourth quarter of 2014 , 2013 and 2012 , we performed the annual impairment review of pullmantur 2019s trademarks and trade names using a discounted cash flow model and the relief-from-royalty method to compare the fair value of these indefinite-lived intan- gible assets to its carrying value .the royalty rate used is based on comparable royalty agreements in the tourism and hospitality industry .we used a dis- count rate comparable to the rate used in valuing the pullmantur reporting unit in our goodwill impairment test .based on the results of our testing , we did not .
Question: what is the intangible assets of 2014?
Steps: Ask for number 214112
Answer: 214112.0
Question: and that of 2013?
Steps: Ask for number 204866
Answer: 204866.0
Question: how much does that intangible assets of 2014 represents in relation to that of 2013?
| convfinqa2397 |
royal caribbean cruises ltd .79 notes to the consolidated financial statements in 2012 , we determined the implied fair value of good- will for the pullmantur reporting unit was $ 145.5 mil- lion and recognized an impairment charge of $ 319.2 million based on a probability-weighted discounted cash flow model further discussed below .this impair- ment charge was recognized in earnings during the fourth quarter of 2012 and is reported within impair- ment of pullmantur related assets within our consoli- dated statements of comprehensive income ( loss ) .during the fourth quarter of 2014 , we performed a qualitative assessment of whether it was more-likely- than-not that our royal caribbean international reporting unit 2019s fair value was less than its carrying amount before applying the two-step goodwill impair- ment test .the qualitative analysis included assessing the impact of certain factors such as general economic conditions , limitations on accessing capital , changes in forecasted operating results , changes in fuel prices and fluctuations in foreign exchange rates .based on our qualitative assessment , we concluded that it was more-likely-than-not that the estimated fair value of the royal caribbean international reporting unit exceeded its carrying value and thus , we did not pro- ceed to the two-step goodwill impairment test .no indicators of impairment exist primarily because the reporting unit 2019s fair value has consistently exceeded its carrying value by a significant margin , its financial performance has been solid in the face of mixed economic environments and forecasts of operating results generated by the reporting unit appear suffi- cient to support its carrying value .we also performed our annual impairment review of goodwill for pullmantur 2019s reporting unit during the fourth quarter of 2014 .we did not perform a quali- tative assessment but instead proceeded directly to the two-step goodwill impairment test .we estimated the fair value of the pullmantur reporting unit using a probability-weighted discounted cash flow model .the principal assumptions used in the discounted cash flow model are projected operating results , weighted- average cost of capital , and terminal value .signifi- cantly impacting these assumptions are the transfer of vessels from our other cruise brands to pullmantur .the discounted cash flow model used our 2015 pro- jected operating results as a base .to that base , we added future years 2019 cash flows assuming multiple rev- enue and expense scenarios that reflect the impact of different global economic environments beyond 2015 on pullmantur 2019s reporting unit .we assigned a probability to each revenue and expense scenario .we discounted the projected cash flows using rates specific to pullmantur 2019s reporting unit based on its weighted-average cost of capital .based on the probability-weighted discounted cash flows , we deter- mined the fair value of the pullmantur reporting unit exceeded its carrying value by approximately 52% ( 52 % ) resulting in no impairment to pullmantur 2019s goodwill .pullmantur is a brand targeted primarily at the spanish , portuguese and latin american markets , with an increasing focus on latin america .the persistent economic instability in these markets has created sig- nificant uncertainties in forecasting operating results and future cash flows used in our impairment analyses .we continue to monitor economic events in these markets for their potential impact on pullmantur 2019s business and valuation .further , the estimation of fair value utilizing discounted expected future cash flows includes numerous uncertainties which require our significant judgment when making assumptions of expected revenues , operating costs , marketing , sell- ing and administrative expenses , interest rates , ship additions and retirements as well as assumptions regarding the cruise vacation industry 2019s competitive environment and general economic and business conditions , among other factors .if there are changes to the projected future cash flows used in the impairment analyses , especially in net yields or if certain transfers of vessels from our other cruise brands to the pullmantur fleet do not take place , it is possible that an impairment charge of pullmantur 2019s reporting unit 2019s goodwill may be required .of these factors , the planned transfers of vessels to the pullmantur fleet is most significant to the projected future cash flows .if the transfers do not occur , we will likely fail step one of the impairment test .note 4 .intangible assets intangible assets are reported in other assets in our consolidated balance sheets and consist of the follow- ing ( in thousands ) : . | 2014 | 2013
indefinite-life intangible asset 2014pullmantur trademarks and trade names | $ 214112 | $ 204866
foreign currency translation adjustment | -26074 ( 26074 ) | 9246
total | $ 188038 | $ 214112 during the fourth quarter of 2014 , 2013 and 2012 , we performed the annual impairment review of pullmantur 2019s trademarks and trade names using a discounted cash flow model and the relief-from-royalty method to compare the fair value of these indefinite-lived intan- gible assets to its carrying value .the royalty rate used is based on comparable royalty agreements in the tourism and hospitality industry .we used a dis- count rate comparable to the rate used in valuing the pullmantur reporting unit in our goodwill impairment test .based on the results of our testing , we did not .
Question: what is the intangible assets of 2014?
Steps: Ask for number 214112
Answer: 214112.0
Question: and that of 2013?
Steps: Ask for number 204866
Answer: 204866.0
Question: how much does that intangible assets of 2014 represents in relation to that of 2013?
Steps: divide(214112, 204866)
Answer: 1.04513
Question: what is the intangible assets of 2013?
| 204866.0 | 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.
royal caribbean cruises ltd .79 notes to the consolidated financial statements in 2012 , we determined the implied fair value of good- will for the pullmantur reporting unit was $ 145.5 mil- lion and recognized an impairment charge of $ 319.2 million based on a probability-weighted discounted cash flow model further discussed below .this impair- ment charge was recognized in earnings during the fourth quarter of 2012 and is reported within impair- ment of pullmantur related assets within our consoli- dated statements of comprehensive income ( loss ) .during the fourth quarter of 2014 , we performed a qualitative assessment of whether it was more-likely- than-not that our royal caribbean international reporting unit 2019s fair value was less than its carrying amount before applying the two-step goodwill impair- ment test .the qualitative analysis included assessing the impact of certain factors such as general economic conditions , limitations on accessing capital , changes in forecasted operating results , changes in fuel prices and fluctuations in foreign exchange rates .based on our qualitative assessment , we concluded that it was more-likely-than-not that the estimated fair value of the royal caribbean international reporting unit exceeded its carrying value and thus , we did not pro- ceed to the two-step goodwill impairment test .no indicators of impairment exist primarily because the reporting unit 2019s fair value has consistently exceeded its carrying value by a significant margin , its financial performance has been solid in the face of mixed economic environments and forecasts of operating results generated by the reporting unit appear suffi- cient to support its carrying value .we also performed our annual impairment review of goodwill for pullmantur 2019s reporting unit during the fourth quarter of 2014 .we did not perform a quali- tative assessment but instead proceeded directly to the two-step goodwill impairment test .we estimated the fair value of the pullmantur reporting unit using a probability-weighted discounted cash flow model .the principal assumptions used in the discounted cash flow model are projected operating results , weighted- average cost of capital , and terminal value .signifi- cantly impacting these assumptions are the transfer of vessels from our other cruise brands to pullmantur .the discounted cash flow model used our 2015 pro- jected operating results as a base .to that base , we added future years 2019 cash flows assuming multiple rev- enue and expense scenarios that reflect the impact of different global economic environments beyond 2015 on pullmantur 2019s reporting unit .we assigned a probability to each revenue and expense scenario .we discounted the projected cash flows using rates specific to pullmantur 2019s reporting unit based on its weighted-average cost of capital .based on the probability-weighted discounted cash flows , we deter- mined the fair value of the pullmantur reporting unit exceeded its carrying value by approximately 52% ( 52 % ) resulting in no impairment to pullmantur 2019s goodwill .pullmantur is a brand targeted primarily at the spanish , portuguese and latin american markets , with an increasing focus on latin america .the persistent economic instability in these markets has created sig- nificant uncertainties in forecasting operating results and future cash flows used in our impairment analyses .we continue to monitor economic events in these markets for their potential impact on pullmantur 2019s business and valuation .further , the estimation of fair value utilizing discounted expected future cash flows includes numerous uncertainties which require our significant judgment when making assumptions of expected revenues , operating costs , marketing , sell- ing and administrative expenses , interest rates , ship additions and retirements as well as assumptions regarding the cruise vacation industry 2019s competitive environment and general economic and business conditions , among other factors .if there are changes to the projected future cash flows used in the impairment analyses , especially in net yields or if certain transfers of vessels from our other cruise brands to the pullmantur fleet do not take place , it is possible that an impairment charge of pullmantur 2019s reporting unit 2019s goodwill may be required .of these factors , the planned transfers of vessels to the pullmantur fleet is most significant to the projected future cash flows .if the transfers do not occur , we will likely fail step one of the impairment test .note 4 .intangible assets intangible assets are reported in other assets in our consolidated balance sheets and consist of the follow- ing ( in thousands ) : . | 2014 | 2013
indefinite-life intangible asset 2014pullmantur trademarks and trade names | $ 214112 | $ 204866
foreign currency translation adjustment | -26074 ( 26074 ) | 9246
total | $ 188038 | $ 214112 during the fourth quarter of 2014 , 2013 and 2012 , we performed the annual impairment review of pullmantur 2019s trademarks and trade names using a discounted cash flow model and the relief-from-royalty method to compare the fair value of these indefinite-lived intan- gible assets to its carrying value .the royalty rate used is based on comparable royalty agreements in the tourism and hospitality industry .we used a dis- count rate comparable to the rate used in valuing the pullmantur reporting unit in our goodwill impairment test .based on the results of our testing , we did not .
Question: what is the intangible assets of 2014?
Steps: Ask for number 214112
Answer: 214112.0
Question: and that of 2013?
Steps: Ask for number 204866
Answer: 204866.0
Question: how much does that intangible assets of 2014 represents in relation to that of 2013?
Steps: divide(214112, 204866)
Answer: 1.04513
Question: what is the intangible assets of 2013?
| convfinqa2398 |
royal caribbean cruises ltd .79 notes to the consolidated financial statements in 2012 , we determined the implied fair value of good- will for the pullmantur reporting unit was $ 145.5 mil- lion and recognized an impairment charge of $ 319.2 million based on a probability-weighted discounted cash flow model further discussed below .this impair- ment charge was recognized in earnings during the fourth quarter of 2012 and is reported within impair- ment of pullmantur related assets within our consoli- dated statements of comprehensive income ( loss ) .during the fourth quarter of 2014 , we performed a qualitative assessment of whether it was more-likely- than-not that our royal caribbean international reporting unit 2019s fair value was less than its carrying amount before applying the two-step goodwill impair- ment test .the qualitative analysis included assessing the impact of certain factors such as general economic conditions , limitations on accessing capital , changes in forecasted operating results , changes in fuel prices and fluctuations in foreign exchange rates .based on our qualitative assessment , we concluded that it was more-likely-than-not that the estimated fair value of the royal caribbean international reporting unit exceeded its carrying value and thus , we did not pro- ceed to the two-step goodwill impairment test .no indicators of impairment exist primarily because the reporting unit 2019s fair value has consistently exceeded its carrying value by a significant margin , its financial performance has been solid in the face of mixed economic environments and forecasts of operating results generated by the reporting unit appear suffi- cient to support its carrying value .we also performed our annual impairment review of goodwill for pullmantur 2019s reporting unit during the fourth quarter of 2014 .we did not perform a quali- tative assessment but instead proceeded directly to the two-step goodwill impairment test .we estimated the fair value of the pullmantur reporting unit using a probability-weighted discounted cash flow model .the principal assumptions used in the discounted cash flow model are projected operating results , weighted- average cost of capital , and terminal value .signifi- cantly impacting these assumptions are the transfer of vessels from our other cruise brands to pullmantur .the discounted cash flow model used our 2015 pro- jected operating results as a base .to that base , we added future years 2019 cash flows assuming multiple rev- enue and expense scenarios that reflect the impact of different global economic environments beyond 2015 on pullmantur 2019s reporting unit .we assigned a probability to each revenue and expense scenario .we discounted the projected cash flows using rates specific to pullmantur 2019s reporting unit based on its weighted-average cost of capital .based on the probability-weighted discounted cash flows , we deter- mined the fair value of the pullmantur reporting unit exceeded its carrying value by approximately 52% ( 52 % ) resulting in no impairment to pullmantur 2019s goodwill .pullmantur is a brand targeted primarily at the spanish , portuguese and latin american markets , with an increasing focus on latin america .the persistent economic instability in these markets has created sig- nificant uncertainties in forecasting operating results and future cash flows used in our impairment analyses .we continue to monitor economic events in these markets for their potential impact on pullmantur 2019s business and valuation .further , the estimation of fair value utilizing discounted expected future cash flows includes numerous uncertainties which require our significant judgment when making assumptions of expected revenues , operating costs , marketing , sell- ing and administrative expenses , interest rates , ship additions and retirements as well as assumptions regarding the cruise vacation industry 2019s competitive environment and general economic and business conditions , among other factors .if there are changes to the projected future cash flows used in the impairment analyses , especially in net yields or if certain transfers of vessels from our other cruise brands to the pullmantur fleet do not take place , it is possible that an impairment charge of pullmantur 2019s reporting unit 2019s goodwill may be required .of these factors , the planned transfers of vessels to the pullmantur fleet is most significant to the projected future cash flows .if the transfers do not occur , we will likely fail step one of the impairment test .note 4 .intangible assets intangible assets are reported in other assets in our consolidated balance sheets and consist of the follow- ing ( in thousands ) : . | 2014 | 2013
indefinite-life intangible asset 2014pullmantur trademarks and trade names | $ 214112 | $ 204866
foreign currency translation adjustment | -26074 ( 26074 ) | 9246
total | $ 188038 | $ 214112 during the fourth quarter of 2014 , 2013 and 2012 , we performed the annual impairment review of pullmantur 2019s trademarks and trade names using a discounted cash flow model and the relief-from-royalty method to compare the fair value of these indefinite-lived intan- gible assets to its carrying value .the royalty rate used is based on comparable royalty agreements in the tourism and hospitality industry .we used a dis- count rate comparable to the rate used in valuing the pullmantur reporting unit in our goodwill impairment test .based on the results of our testing , we did not .
Question: what is the intangible assets of 2014?
Steps: Ask for number 214112
Answer: 214112.0
Question: and that of 2013?
Steps: Ask for number 204866
Answer: 204866.0
Question: how much does that intangible assets of 2014 represents in relation to that of 2013?
Steps: divide(214112, 204866)
Answer: 1.04513
Question: what is the intangible assets of 2013?
Steps: Ask for number 204866
Answer: 204866.0
Question: how much does that division represents in relation to that intangible assets of 2013?
| 1e-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.
royal caribbean cruises ltd .79 notes to the consolidated financial statements in 2012 , we determined the implied fair value of good- will for the pullmantur reporting unit was $ 145.5 mil- lion and recognized an impairment charge of $ 319.2 million based on a probability-weighted discounted cash flow model further discussed below .this impair- ment charge was recognized in earnings during the fourth quarter of 2012 and is reported within impair- ment of pullmantur related assets within our consoli- dated statements of comprehensive income ( loss ) .during the fourth quarter of 2014 , we performed a qualitative assessment of whether it was more-likely- than-not that our royal caribbean international reporting unit 2019s fair value was less than its carrying amount before applying the two-step goodwill impair- ment test .the qualitative analysis included assessing the impact of certain factors such as general economic conditions , limitations on accessing capital , changes in forecasted operating results , changes in fuel prices and fluctuations in foreign exchange rates .based on our qualitative assessment , we concluded that it was more-likely-than-not that the estimated fair value of the royal caribbean international reporting unit exceeded its carrying value and thus , we did not pro- ceed to the two-step goodwill impairment test .no indicators of impairment exist primarily because the reporting unit 2019s fair value has consistently exceeded its carrying value by a significant margin , its financial performance has been solid in the face of mixed economic environments and forecasts of operating results generated by the reporting unit appear suffi- cient to support its carrying value .we also performed our annual impairment review of goodwill for pullmantur 2019s reporting unit during the fourth quarter of 2014 .we did not perform a quali- tative assessment but instead proceeded directly to the two-step goodwill impairment test .we estimated the fair value of the pullmantur reporting unit using a probability-weighted discounted cash flow model .the principal assumptions used in the discounted cash flow model are projected operating results , weighted- average cost of capital , and terminal value .signifi- cantly impacting these assumptions are the transfer of vessels from our other cruise brands to pullmantur .the discounted cash flow model used our 2015 pro- jected operating results as a base .to that base , we added future years 2019 cash flows assuming multiple rev- enue and expense scenarios that reflect the impact of different global economic environments beyond 2015 on pullmantur 2019s reporting unit .we assigned a probability to each revenue and expense scenario .we discounted the projected cash flows using rates specific to pullmantur 2019s reporting unit based on its weighted-average cost of capital .based on the probability-weighted discounted cash flows , we deter- mined the fair value of the pullmantur reporting unit exceeded its carrying value by approximately 52% ( 52 % ) resulting in no impairment to pullmantur 2019s goodwill .pullmantur is a brand targeted primarily at the spanish , portuguese and latin american markets , with an increasing focus on latin america .the persistent economic instability in these markets has created sig- nificant uncertainties in forecasting operating results and future cash flows used in our impairment analyses .we continue to monitor economic events in these markets for their potential impact on pullmantur 2019s business and valuation .further , the estimation of fair value utilizing discounted expected future cash flows includes numerous uncertainties which require our significant judgment when making assumptions of expected revenues , operating costs , marketing , sell- ing and administrative expenses , interest rates , ship additions and retirements as well as assumptions regarding the cruise vacation industry 2019s competitive environment and general economic and business conditions , among other factors .if there are changes to the projected future cash flows used in the impairment analyses , especially in net yields or if certain transfers of vessels from our other cruise brands to the pullmantur fleet do not take place , it is possible that an impairment charge of pullmantur 2019s reporting unit 2019s goodwill may be required .of these factors , the planned transfers of vessels to the pullmantur fleet is most significant to the projected future cash flows .if the transfers do not occur , we will likely fail step one of the impairment test .note 4 .intangible assets intangible assets are reported in other assets in our consolidated balance sheets and consist of the follow- ing ( in thousands ) : . | 2014 | 2013
indefinite-life intangible asset 2014pullmantur trademarks and trade names | $ 214112 | $ 204866
foreign currency translation adjustment | -26074 ( 26074 ) | 9246
total | $ 188038 | $ 214112 during the fourth quarter of 2014 , 2013 and 2012 , we performed the annual impairment review of pullmantur 2019s trademarks and trade names using a discounted cash flow model and the relief-from-royalty method to compare the fair value of these indefinite-lived intan- gible assets to its carrying value .the royalty rate used is based on comparable royalty agreements in the tourism and hospitality industry .we used a dis- count rate comparable to the rate used in valuing the pullmantur reporting unit in our goodwill impairment test .based on the results of our testing , we did not .
Question: what is the intangible assets of 2014?
Steps: Ask for number 214112
Answer: 214112.0
Question: and that of 2013?
Steps: Ask for number 204866
Answer: 204866.0
Question: how much does that intangible assets of 2014 represents in relation to that of 2013?
Steps: divide(214112, 204866)
Answer: 1.04513
Question: what is the intangible assets of 2013?
Steps: Ask for number 204866
Answer: 204866.0
Question: how much does that division represents in relation to that intangible assets of 2013?
| convfinqa2399 |
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