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stock-based awards under the plan stock options 2013 marathon grants stock options under the 2007 plan and previously granted options under the 2003 plan. marathon 2019s stock options represent the right to purchase shares of common stock at the fair market value of the common stock on the date of grant. through 2004, certain stock options were granted under the 2003 plan with a tandem stock appreciation right, which allows the recipient to instead elect to receive cash and/or common stock equal to the excess of the fair market value of shares of common stock, as determined in accordance with the 2003 plan, over the option price of the shares. in general, stock options granted under the 2007 plan and the 2003 plan vest ratably over a three-year period and have a maximum term of ten years from the date they are granted. stock appreciation rights 2013 prior to 2005, marathon granted sars under the 2003 plan. no stock appreciation rights have been granted under the 2007 plan. similar to stock options, stock appreciation rights represent the right to receive a payment equal to the excess of the fair market value of shares of common stock on the date the right is exercised over the grant price. under the 2003 plan, certain sars were granted as stock-settled sars and others were granted in tandem with stock options. in general, sars granted under the 2003 plan vest ratably over a three-year period and have a maximum term of ten years from the date they are granted. stock-based performance awards 2013 prior to 2005, marathon granted stock-based performance awards under the 2003 plan. no stock-based performance awards have been granted under the 2007 plan. beginning in 2005, marathon discontinued granting stock-based performance awards and instead now grants cash-settled performance units to officers. all stock-based performance awards granted under the 2003 plan have either vested or been forfeited. as a result, there are no outstanding stock-based performance awards. restricted stock 2013 marathon grants restricted stock and restricted stock units under the 2007 plan and previously granted such awards under the 2003 plan. in 2005, the compensation committee began granting time-based restricted stock to certain u.s.-based officers of marathon and its consolidated subsidiaries as part of their annual long-term incentive package. the restricted stock awards to officers vest three years from the date of grant, contingent on the recipient 2019s continued employment. marathon also grants restricted stock to certain non-officer employees and restricted stock units to certain international employees (201crestricted stock awards 201d), based on their performance within certain guidelines and for retention purposes. the restricted stock awards to non-officers generally vest in one-third increments over a three-year period, contingent on the recipient 2019s continued employment. prior to vesting, all restricted stock recipients have the right to vote such stock and receive dividends thereon. the non-vested shares are not transferable and are held by marathon 2019s transfer agent. common stock units 2013 marathon maintains an equity compensation program for its non-employee directors under the 2007 plan and previously maintained such a program under the 2003 plan. all non-employee directors other than the chairman receive annual grants of common stock units, and they are required to hold those units until they leave the board of directors. when dividends are paid on marathon common stock, directors receive dividend equivalents in the form of additional common stock units. stock-based compensation expense 2013 total employee stock-based compensation expense was $80 million, $83 million and $111 million in 2007, 2006 and 2005. the total related income tax benefits were $29 million, $31 million and $39 million. in 2007 and 2006, cash received upon exercise of stock option awards was $27 million and $50 million. tax benefits realized for deductions during 2007 and 2006 that were in excess of the stock-based compensation expense recorded for options exercised and other stock-based awards vested during the period totaled $30 million and $36 million. cash settlements of stock option awards totaled $1 million and $3 million in 2007 and 2006. stock option awards granted 2013 during 2007, 2006 and 2005, marathon granted stock option awards to both officer and non-officer employees. the weighted average grant date fair value of these awards was based on the following black-scholes assumptions:. - | 2007 | 2006 | 2005 weighted average exercise price per share | $60.94 | $37.84 | $25.14 expected annual dividends per share | $0.96 | $0.80 | $0.66 expected life in years | 5.0 | 5.1 | 5.5 expected volatility | 27% (27%) | 28% (28%) | 28% (28%) risk-free interest rate | 4.1% (4.1%) | 5.0% (5.0%) | 3.8% (3.8%) weighted average grant date fair value of stock option awards granted | $17.24 | $10.19 | $6.15 . how much did the weighted average exercise price per share increase between 2005 and 2007? 35.8 so what was the percentage change during this time? 1.42403 what were the total tax benefits for deductions in 2007 and 2006 in excess of the stock-based compensation expense for options exercised and other stock-based awards vested?

66.0

abiomed, inc. and subsidiaries notes to consolidated financial statements 2014 (continued) (7) commitments and contingencies the company applies the disclosure provisions of fin no. 45, guarantor 2019s accounting and disclosure requirements for guarantees, including guarantees of indebtedness of others, and interpretation of fasb statements no. 5, 57 and 107 and rescission of fasb interpretation no. 34 (fin no. 45) to its agreements that contain guarantee or indemnification clauses. these disclosure provisions expand those required by sfas no. 5 accounting for contingencies, by requiring that guarantors disclose certain types of guarantees, even if the likelihood of requiring the guarantor 2019s performance is remote. the following is a description of arrangements in which the company is a guarantor. product warranties 2014the company routinely accrues for estimated future warranty costs on its product sales at the time of sale. the ab5000 and bvs products are subject to rigorous regulation and quality standards. operating results could be adversely effected if the actual cost of product failures exceeds the estimated warranty provision. patent indemnifications 2014in many sales transactions, the company indemnifies customers against possible claims of patent infringement caused by the company 2019s products. the indemnifications contained within sales contracts usually do not include limits on the claims. the company has never incurred any material costs to defend lawsuits or settle patent infringement claims related to sales transactions. under the provisions of fin no. 45, intellectual property indemnifications require disclosure only. as of march 31, 2006, the company had entered into leases for its facilities, including its primary operating facility in danvers, massachusetts, with terms through fiscal 2010. the danvers lease may be extended, at the company 2019s option, for two successive additional periods of five years each with monthly rent charges to be determined based on then current fair rental values. the company 2019s lease for its aachen location expires in august 2008 unless an option to extend for an additional four years is exercised by the company. in december 2005 we closed our office facility in the netherlands, recording a charge of approximately $58000 for the remaining lease term. total rent expense under these leases, included in the accompanying consolidated statements of operations approximated $821000, $824000 and $1262000 for the fiscal years ended march 31, 2004, 2005 and 2006, respectively. future minimum lease payments under all significant non-cancelable operating leases as of march 31, 2006 are approximately as follows (in thousands): fiscal year ending march 31, operating leases. fiscal year ending march 31, | operating leases 2007 | 1703 2008 | 1371 2009 | 1035 2010 | 710 total future minimum lease payments | $4819 from time-to-time, the company is involved in legal and administrative proceedings and claims of various types. while any litigation contains an element of uncertainty, management, in consultation with the company 2019s general counsel, presently believes that the outcome of each such other proceedings or claims which are pending or known to be threatened, or all of them combined, is not expected to have a material adverse effect on the company 2019s financial position, cash flow and results. on may 15, 2006 richard a. nazarian, as selling stockholder representative, filed a demand for arbitration (subsequently amended) with the boston office of the american arbitration association. what were operating leases in 2007?

1703.0

supplementary information on oil and gas producing activities (unaudited) 2017 proved reserves decreased by 647 mmboe primarily due to the following: 2022 revisions of previous estimates: increased by 49 mmboe primarily due to the acceleration of higher economic wells in the bakken into the 5-year plan resulting in an increase of 44 mmboe, with the remainder being due to revisions across the business. 2022 extensions, discoveries, and other additions: increased by 116 mmboe primarily due to an increase of 97 mmboe associated with the expansion of proved areas and wells to sales from unproved categories in oklahoma. 2022 purchases of reserves in place: increased by 28 mmboe from acquisitions of assets in the northern delaware basin in new mexico. 2022 production: decreased by 145 mmboe. 2022 sales of reserves in place: decreased by 695 mmboe including 685 mmboe associated with the sale of our canadian business and 10 mmboe associated with divestitures of certain conventional assets in oklahoma and colorado. see item 8. financial statements and supplementary data - note 5 to the consolidated financial statements for information regarding these dispositions. 2016 proved reserves decreased by 67 mmboe primarily due to the following: 2022 revisions of previous estimates: increased by 63 mmboe primarily due to an increase of 151 mmboe associated with the acceleration of higher economic wells in the u.s. resource plays into the 5-year plan and a decrease of 64 mmboe due to u.s. technical revisions. 2022 extensions, discoveries, and other additions: increased by 60 mmboe primarily associated with the expansion of proved areas and new wells to sales from unproven categories in oklahoma. 2022 purchases of reserves in place: increased by 34 mmboe from acquisition of stack assets in oklahoma. 2022 production: decreased by 144 mmboe. 2022 sales of reserves in place: decreased by 84 mmboe associated with the divestitures of certain wyoming and gulf of mexico assets. 2015 proved reserves decreased by 35 mmboe primarily due to the following: 2022 revisions of previous estimates: decreased by 2 mmboe primarily resulting from an increase of 105 mmboe associated with drilling programs in u.s. resource plays and an increase of 67 mmboe in discontinued operations due to technical reevaluation and lower royalty percentages related to lower realized prices, offset by a decrease of 173 mmboe which was largely due to reductions to our capital development program and adherence to the sec 5-year rule. 2022 extensions, discoveries, and other additions: increased by140 mmboe as a result of drilling programs in our u.s. resource plays. 2022 production: decreased by 157 mmboe. 2022 sales of reserves in place: u.s. conventional assets sales contributed to a decrease of 18 mmboe. changes in proved undeveloped reserves as of december 31, 2017, 546 mmboe of proved undeveloped reserves were reported, a decrease of 6 mmboe from december 31, 2016. the following table shows changes in proved undeveloped reserves for 2017: (mmboe). beginning of year | 552 revisions of previous estimates | 5 improved recovery | 2014 purchases of reserves in place | 15 extensions discoveries and other additions | 57 dispositions | 2014 transfers to proved developed | -83 (83) end of year | 546 revisions of prior estimates. revisions of prior estimates increased 5 mmboe during 2017, primarily due to a 44 mmboe increase in the bakken from an acceleration of higher economic wells into the 5-year plan, offset by a decrease of 40 mmboe in oklahoma due to the removal of less economic wells from the 5-year plan. extensions, discoveries and other additions. increased 57 mmboe through expansion of proved areas in oklahoma.. what was the impact in mmboe resulting from an increase in drilling programs in the us resource plays and an increase in discontinued operations due to technical reevaluation and lower royalty percentages related to lower realized prices?

172.0

backlog applied manufactures systems to meet demand represented by order backlog and customer commitments. backlog consists of: (1) orders for which written authorizations have been accepted and assigned shipment dates are within the next 12 months, or shipment has occurred but revenue has not been recognized; and (2) contractual service revenue and maintenance fees to be earned within the next 12 months. backlog by reportable segment as of october 26, 2014 and october 27, 2013 was as follows: 2014 2013 (in millions, except percentages). - | 2014 | 2013 | - | (in millions except percentages) silicon systems group | $1400 | 48% (48%) | $1295 | 55% (55%) applied global services | 775 | 27% (27%) | 591 | 25% (25%) display | 593 | 20% (20%) | 361 | 15% (15%) energy and environmental solutions | 149 | 5% (5%) | 125 | 5% (5%) total | $2917 | 100% (100%) | $2372 | 100% (100%) applied 2019s backlog on any particular date is not necessarily indicative of actual sales for any future periods, due to the potential for customer changes in delivery schedules or cancellation of orders. customers may delay delivery of products or cancel orders prior to shipment, subject to possible cancellation penalties. delays in delivery schedules and/or a reduction of backlog during any particular period could have a material adverse effect on applied 2019s business and results of operations. manufacturing, raw materials and supplies applied 2019s manufacturing activities consist primarily of assembly, test and integration of various proprietary and commercial parts, components and subassemblies (collectively, parts) that are used to manufacture systems. applied has implemented a distributed manufacturing model under which manufacturing and supply chain activities are conducted in various countries, including the united states, europe, israel, singapore, taiwan, and other countries in asia, and assembly of some systems is completed at customer sites. applied uses numerous vendors, including contract manufacturers, to supply parts and assembly services for the manufacture and support of its products. although applied makes reasonable efforts to assure that parts are available from multiple qualified suppliers, this is not always possible. accordingly, some key parts may be obtained from only a single supplier or a limited group of suppliers. applied seeks to reduce costs and to lower the risks of manufacturing and service interruptions by: (1) selecting and qualifying alternate suppliers for key parts; (2) monitoring the financial condition of key suppliers; (3) maintaining appropriate inventories of key parts; (4) qualifying new parts on a timely basis; and (5) locating certain manufacturing operations in close proximity to suppliers and customers. research, development and engineering applied 2019s long-term growth strategy requires continued development of new products, including products that enable expansion into new markets. the company 2019s significant investment in research, development and engineering (rd&e) has generally enabled it to deliver new products and technologies before the emergence of strong demand, thus allowing customers to incorporate these products into their manufacturing plans at an early stage in the technology selection cycle. applied works closely with its global customers to design systems and processes that meet their planned technical and production requirements. product development and engineering organizations are located primarily in the united states, as well as in europe, israel, taiwan, and china. in addition, applied outsources certain rd&e activities, some of which are performed outside the united states, primarily in india and singapore. process support and customer demonstration laboratories are located in the united states, china, taiwan, europe, and israel. applied 2019s investments in rd&e for product development and engineering programs to create or improve products and technologies over the last three years were as follows: $1.4 billion (16 percent of net sales) in fiscal 2014, $1.3 billion (18 percent of net sales) in fiscal 2013, and $1.2 billion (14 percent of net sales) in fiscal 2012. applied has spent an average of 13 percent of net sales in rd&e over the last five years. in addition to rd&e for specific product technologies, applied maintains ongoing programs for automation control systems, materials research, and environmental control that are applicable to its products.. what were net sales in 2014? 0.0875 and in 2013? 0.07222 so how much did this value change between the two years? 0.01528 and the percentage change during this time?

0.21154

the defined benefit pension plans 2019 trust and $130 million to our retiree medical plans which will reduce our cash funding requirements for 2007 and 2008. in 2007, we expect to make no contributions to the defined benefit pension plans and expect to contribute $175 million to the retiree medical and life insurance plans, after giving consideration to the 2006 prepayments. the following benefit payments, which reflect expected future service, as appropriate, are expected to be paid: (in millions) pension benefits benefits. (in millions) | pensionbenefits | otherbenefits 2007 | $1440 | $260 2008 | 1490 | 260 2009 | 1540 | 270 2010 | 1600 | 270 2011 | 1660 | 270 years 2012 2013 2016 | 9530 | 1260 as noted previously, we also sponsor nonqualified defined benefit plans to provide benefits in excess of qualified plan limits. the aggregate liabilities for these plans at december 31, 2006 were $641 million. the expense associated with these plans totaled $59 million in 2006, $58 million in 2005 and $61 million in 2004. we also sponsor a small number of foreign benefit plans. the liabilities and expenses associated with these plans are not material to our results of operations, financial position or cash flows. note 13 2013 leases our total rental expense under operating leases was $310 million, $324 million and $318 million for 2006, 2005 and 2004, respectively. future minimum lease commitments at december 31, 2006 for all operating leases that have a remaining term of more than one year were $1.1 billion ($288 million in 2007, $254 million in 2008, $211 million in 2009, $153 million in 2010, $118 million in 2011 and $121 million in later years). certain major plant facilities and equipment are furnished by the u.s. government under short-term or cancelable arrangements. note 14 2013 legal proceedings, commitments and contingencies we are a party to or have property subject to litigation and other proceedings, including matters arising under provisions relating to the protection of the environment. we believe the probability is remote that the outcome of these matters will have a material adverse effect on the corporation as a whole. we cannot predict the outcome of legal proceedings with certainty. these matters include the following items, all of which have been previously reported: on march 27, 2006, we received a subpoena issued by a grand jury in the united states district court for the northern district of ohio. the subpoena requests documents related to our application for patents issued in the united states and the united kingdom relating to a missile detection and warning technology. we are cooperating with the government 2019s investigation. on february 6, 2004, we submitted a certified contract claim to the united states requesting contractual indemnity for remediation and litigation costs (past and future) related to our former facility in redlands, california. we submitted the claim consistent with a claim sponsorship agreement with the boeing company (boeing), executed in 2001, in boeing 2019s role as the prime contractor on the short range attack missile (sram) program. the contract for the sram program, which formed a significant portion of our work at the redlands facility, had special contractual indemnities from the u.s. air force, as authorized by public law 85-804. on august 31, 2004, the united states denied the claim. our appeal of that decision is pending with the armed services board of contract appeals. on august 28, 2003, the department of justice (the doj) filed complaints in partial intervention in two lawsuits filed under the qui tam provisions of the civil false claims act in the united states district court for the western district of kentucky, united states ex rel. natural resources defense council, et al v. lockheed martin corporation, et al, and united states ex rel. john d. tillson v. lockheed martin energy systems, inc., et al. the doj alleges that we committed violations of the resource conservation and recovery act at the paducah gaseous diffusion plant by not properly handling, storing. as of december 31, 2006, what was the total of the future minimum lease commitments for all operating leases that have a remaining term of more than one year? 1100.0 and what percentage from those commitments was due in 2007? 0.26182 and in the precedent year of that date, in 2005, what was the rental expense under operating leases? 324.0 what was it in 2004?

318.0

entergy mississippi, inc. management 2019s financial discussion and analysis 2010 compared to 2009 net revenue consists of operating revenues net of: 1) fuel, fuel-related expenses, and gas purchased for resale, 2) purchased power expenses, and 3) other regulatory charges (credits). following is an analysis of the change in net revenue comparing 2010 to 2009. amount (in millions). - | amount (in millions) 2009 net revenue | $536.7 volume/weather | 18.9 other | -0.3 (0.3) 2010 net revenue | $555.3 the volume/weather variance is primarily due to an increase of 1046 gwh, or 8% (8%), in billed electricity usage in all sectors, primarily due to the effect of more favorable weather on the residential sector. gross operating revenues, fuel and purchased power expenses, and other regulatory charges (credits) gross operating revenues increased primarily due to an increase of $22 million in power management rider revenue as the result of higher rates, the volume/weather variance discussed above, and an increase in grand gulf rider revenue as a result of higher rates and increased usage, offset by a decrease of $23.5 million in fuel cost recovery revenues due to lower fuel rates. fuel and purchased power expenses decreased primarily due to a decrease in deferred fuel expense as a result of prior over-collections, offset by an increase in the average market price of purchased power coupled with increased net area demand. other regulatory charges increased primarily due to increased recovery of costs associated with the power management recovery rider. other income statement variances 2011 compared to 2010 other operation and maintenance expenses decreased primarily due to: a $5.4 million decrease in compensation and benefits costs primarily resulting from an increase in the accrual for incentive-based compensation in 2010 and a decrease in stock option expense; and the sale of $4.9 million of surplus oil inventory. the decrease was partially offset by an increase of $3.9 million in legal expenses due to the deferral in 2010 of certain litigation expenses in accordance with regulatory treatment. taxes other than income taxes increased primarily due to an increase in ad valorem taxes due to a higher 2011 assessment as compared to 2010, partially offset by higher capitalized property taxes as compared with prior year. depreciation and amortization expenses increased primarily due to an increase in plant in service. interest expense decreased primarily due to a revision caused by ferc 2019s acceptance of a change in the treatment of funds received from independent power producers for transmission interconnection projects.. what is the effect of volume/weather in net revenue during 2010, in millions? 18.9 what about in full dollars? 18900000.0 what is the increases in the gwh of billed lectricity usage in all sectors? 1046.0 what is the revenue per gwh?

18068.83365

38 2013 ppg annual report and form 10-k notes to the consolidated financial statements 1. summary of significant accounting policies principles of consolidation the accompanying consolidated financial statements include the accounts of ppg industries, inc. (201cppg 201d or the 201ccompany 201d) and all subsidiaries, both u.s. and non-u.s., that it controls. ppg owns more than 50% (50%) of the voting stock of most of the subsidiaries that it controls. for those consolidated subsidiaries in which the company 2019s ownership is less than 100% (100%), the outside shareholders 2019 interests are shown as noncontrolling interests. investments in companies in which ppg owns 20% (20%) to 50% (50%) of the voting stock and has the ability to exercise significant influence over operating and financial policies of the investee are accounted for using the equity method of accounting. as a result, ppg 2019s share of the earnings or losses of such equity affiliates is included in the accompanying consolidated statement of income and ppg 2019s share of these companies 2019 shareholders 2019 equity is included in "investments" in the accompanying consolidated balance sheet. transactions between ppg and its subsidiaries are eliminated in consolidation. use of estimates in the preparation of financial statements the preparation of financial statements in conformity with u.s. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of income and expenses during the reporting period. such estimates also include the fair value of assets acquired and liabilities assumed as a result of allocations of purchase price of business combinations consummated. actual outcomes could differ from those estimates. revenue recognition the company recognizes revenue when the earnings process is complete. revenue from sales is recognized by all operating segments when goods are shipped and title to inventory and risk of loss passes to the customer or when services have been rendered. shipping and handling costs amounts billed to customers for shipping and handling are reported in 201cnet sales 201d in the accompanying consolidated statement of income. shipping and handling costs incurred by the company for the delivery of goods to customers are included in 201ccost of sales, exclusive of depreciation and amortization 201d in the accompanying consolidated statement of income. selling, general and administrative costs amounts presented as 201cselling, general and administrative 201d in the accompanying consolidated statement of income are comprised of selling, customer service, distribution and advertising costs, as well as the costs of providing corporate- wide functional support in such areas as finance, law, human resources and planning. distribution costs pertain to the movement and storage of finished goods inventory at company- owned and leased warehouses, terminals and other distribution facilities. advertising costs advertising costs are expensed in the year incurred and totaled $345 million, $288 million and $245 million in 2013, 2012 and 2011, respectively. research and development research and development costs, which consist primarily of employee related costs, are charged to expense as incurred. the following are the research and development costs for the years ended december 31:. (millions) | 2013 | 2012 | 2011 research and development 2013 total | $505 | $468 | $443 less depreciation on research facilities | 17 | 15 | 15 research and development net | $488 | $453 | $428 legal costs legal costs are expensed as incurred. legal costs incurred by ppg include legal costs associated with acquisition and divestiture transactions, general litigation, environmental regulation compliance, patent and trademark protection and other general corporate purposes. foreign currency translation the functional currency of most significant non-u.s. operations is their local currency. assets and liabilities of those operations are translated into u.s. dollars using year-end exchange rates; income and expenses are translated using the average exchange rates for the reporting period. unrealized foreign currency translation adjustments are deferred in accumulated other comprehensive loss, a separate component of shareholders 2019 equity. cash equivalents cash equivalents are highly liquid investments (valued at cost, which approximates fair value) acquired with an original maturity of three months or less. short-term investments short-term investments are highly liquid, high credit quality investments (valued at cost plus accrued interest) that have stated maturities of greater than three months to one year. the purchases and sales of these investments are classified as investing activities in the consolidated statement of cash flows. marketable equity securities the company 2019s investment in marketable equity securities is recorded at fair market value and reported in 201cother current assets 201d and 201cinvestments 201d in the accompanying consolidated balance sheet with changes in fair market value recorded in income for those securities designated as trading securities and in other comprehensive income, net of tax, for those designated as available for sale securities.. what was the research and development net in 2013? 488.0 and for 2012? 453.0 so what was the difference between these two years?

35.0

comparison of cumulative return among lkq corporation, the nasdaq stock market (u.s.) index and the peer group. - | 12/31/2011 | 12/31/2012 | 12/31/2013 | 12/31/2014 | 12/31/2015 | 12/31/2016 lkq corporation | $100 | $140 | $219 | $187 | $197 | $204 s&p 500 index | $100 | $113 | $147 | $164 | $163 | $178 peer group | $100 | $111 | $140 | $177 | $188 | $217 this stock performance information is "furnished" and shall not be deemed to be "soliciting material" or subject to rule 14a, shall not be deemed "filed" for purposes of section 18 of the securities exchange act of 1934 or otherwise subject to the liabilities of that section, and shall not be deemed incorporated by reference in any filing under the securities act of 1933 or the securities exchange act of 1934, whether made before or after the date of this report and irrespective of any general incorporation by reference language in any such filing, except to the extent that it specifically incorporates the information by reference. information about our common stock that may be issued under our equity compensation plans as of december 31, 2016 included in part iii, item 12 of this annual report on form 10-k is incorporated herein by reference.. what was the price of lkq corporation in 2016?

204.0

entergy corporation and subsidiaries management's financial discussion and analysis the decrease in interest income in 2002 was primarily due to: fffd interest recognized in 2001 on grand gulf 1's decommissioning trust funds resulting from the final order addressing system energy's rate proceeding; fffd interest recognized in 2001 at entergy mississippi and entergy new orleans on the deferred system energy costs that were not being recovered through rates; and fffd lower interest earned on declining deferred fuel balances. the decrease in interest charges in 2002 is primarily due to: fffd a decrease of $31.9 million in interest on long-term debt primarily due to the retirement of long-term debt in late 2001 and early 2002; and fffd a decrease of $76.0 million in other interest expense primarily due to interest recorded on system energy's reserve for rate refund in 2001. the refund was made in december 2001. 2001 compared to 2000 results for the year ended december 31, 2001 for u.s. utility were also affected by an increase in interest charges of $61.5 million primarily due to: fffd the final ferc order addressing the 1995 system energy rate filing; fffd debt issued at entergy arkansas in july 2001, at entergy gulf states in june 2000 and august 2001, at entergy mississippi in january 2001, and at entergy new orleans in july 2000 and february 2001; and fffd borrowings under credit facilities during 2001, primarily at entergy arkansas. non-utility nuclear the increase in earnings in 2002 for non-utility nuclear from $128 million to $201 million was primarily due to the operation of indian point 2 and vermont yankee, which were purchased in september 2001 and july 2002, respectively. the increase in earnings in 2001 for non-utility nuclear from $49 million to $128 million was primarily due to the operation of fitzpatrick and indian point 3 for a full year, as each was purchased in november 2000, and the operation of indian point 2, which was purchased in september 2001. following are key performance measures for non-utility nuclear:. - | 2002 | 2001 | 2000 net mw in operation at december 31 | 3955 | 3445 | 2475 generation in gwh for the year | 29953 | 22614 | 7171 capacity factor for the year | 93% (93%) | 93% (93%) | 94% (94%) 2002 compared to 2001 the following fluctuations in the results of operations for non-utility nuclear in 2002 were primarily caused by the acquisitions of indian point 2 and vermont yankee (except as otherwise noted): fffd operating revenues increased $411.0 million to $1.2 billion; fffd other operation and maintenance expenses increased $201.8 million to $596.3 million; fffd depreciation and amortization expenses increased $25.1 million to $42.8 million; fffd fuel expenses increased $29.4 million to $105.2 million; fffd nuclear refueling outage expenses increased $23.9 million to $46.8 million, which was due primarily to a. what was the net change in non-utility nuclear earnings from 2001 to 2002?

73.0

item 5. market for the registrant 2019s common equity, related stockholder matters and issuer purchases of equity securities the following graph compares annual total return of our common stock, the standard & poor 2019s 500 composite stock index (201cs&p 500 index 201d) and our peer group (201cloews peer group 201d) for the five years ended december 31, 2015. the graph assumes that the value of the investment in our common stock, the s&p 500 index and the loews peer group was $100 on december 31, 2010 and that all dividends were reinvested.. - | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 loews common stock | 100.0 | 97.37 | 106.04 | 126.23 | 110.59 | 101.72 s&p 500 index | 100.0 | 102.11 | 118.45 | 156.82 | 178.29 | 180.75 loews peer group (a) | 100.0 | 101.59 | 115.19 | 145.12 | 152.84 | 144.70 (a) the loews peer group consists of the following companies that are industry competitors of our principal operating subsidiaries: ace limited, w.r. berkley corporation, the chubb corporation, energy transfer partners l.p., ensco plc, the hartford financial services group, inc., kinder morgan energy partners, l.p. (included through november 26, 2014 when it was acquired by kinder morgan inc.), noble corporation, spectra energy corp, transocean ltd. and the travelers companies, inc. dividend information we have paid quarterly cash dividends on loews common stock in each year since 1967. regular dividends of $0.0625 per share of loews common stock were paid in each calendar quarter of 2015 and 2014.. what is the value of loews common stock in 2011 less 100? -2.63 what is that divided by 100?

-0.0263

part ii item 5. market for registrant 2019s common equity, related stockholder matters and issuer purchases of equity securities the following table presents reported quarterly high and low per share sale prices of our common stock on the new york stock exchange (201cnyse 201d) for the years 2010 and 2009.. 2010 | high | low quarter ended march 31 | $44.61 | $40.10 quarter ended june 30 | 45.33 | 38.86 quarter ended september 30 | 52.11 | 43.70 quarter ended december 31 | 53.14 | 49.61 2009 | high | low quarter ended march 31 | $32.53 | $25.45 quarter ended june 30 | 34.52 | 27.93 quarter ended september 30 | 37.71 | 29.89 quarter ended december 31 | 43.84 | 35.03 on february 11, 2011, the closing price of our common stock was $56.73 per share as reported on the nyse. as of february 11, 2011, we had 397612895 outstanding shares of common stock and 463 registered holders. dividends we have not historically paid a dividend on our common stock. payment of dividends in the future, when, as and if authorized by our board of directors, would depend upon many factors, including our earnings and financial condition, restrictions under applicable law and our current and future loan agreements, our debt service requirements, our capital expenditure requirements and other factors that our board of directors may deem relevant from time to time, including the potential determination to elect reit status. in addition, the loan agreement for our revolving credit facility and term loan contain covenants that generally restrict our ability to pay dividends unless certain financial covenants are satisfied. for more information about the restrictions under the loan agreement for the revolving credit facility and term loan, our notes indentures and the loan agreement related to our securitization, see item 7 of this annual report under the caption 201cmanagement 2019s discussion and analysis of financial condition and results of operations 2014liquidity and capital resources 2014factors affecting sources of liquidity 201d and note 6 to our consolidated financial statements included in this annual report.. what was the closing price of the common stock in february of 2011? 56.73 and what was its highest value during the last quarter of the year before, in 2010? 53.14 by how much, then, did it change over this period? 3.59 and how much did this change represent in relation to that highest value, in percentage? 0.06756 and by the end of that period, at the date of the closing price, what was the number of outstanding shares of common stock?

397612895.0

entergy corporation and subsidiaries notes to financial statements (a) consists of pollution control revenue bonds and environmental revenue bonds, some of which are secured by collateral first mortgage bonds. (b) these notes do not have a stated interest rate, but have an implicit interest rate of 4.8% (4.8%). (c) pursuant to the nuclear waste policy act of 1982, entergy 2019s nuclear owner/licensee subsidiaries have contracts with the doe for spent nuclear fuel disposal service. the contracts include a one-time fee for generation prior to april 7, 1983. entergy arkansas is the only entergy company that generated electric power with nuclear fuel prior to that date and includes the one-time fee, plus accrued interest, in long-term (d) see note 10 to the financial statements for further discussion of the waterford 3 and grand gulf lease obligations. (e) the fair value excludes lease obligations of $149 million at entergy louisiana and $97 million at system energy, long-term doe obligations of $181 million at entergy arkansas, and the note payable to nypa of $95 million at entergy, and includes debt due within one year. fair values are classified as level 2 in the fair value hierarchy discussed in note 16 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades. the annual long-term debt maturities (excluding lease obligations and long-term doe obligations) for debt outstanding as of december 31, 2013, for the next five years are as follows: amount (in thousands). - | amount (in thousands) 2014 | $385373 2015 | $1110566 2016 | $270852 2017 | $766801 2018 | $1324616 in november 2000, entergy 2019s non-utility nuclear business purchased the fitzpatrick and indian point 3 power plants in a seller-financed transaction. entergy issued notes to nypa with seven annual installments of approximately $108 million commencing one year from the date of the closing, and eight annual installments of $20 million commencing eight years from the date of the closing. these notes do not have a stated interest rate, but have an implicit interest rate of 4.8% (4.8%). in accordance with the purchase agreement with nypa, the purchase of indian point 2 in 2001 resulted in entergy becoming liable to nypa for an additional $10 million per year for 10 years, beginning in september 2003. this liability was recorded upon the purchase of indian point 2 in september 2001. in july 2003 a payment of $102 million was made prior to maturity on the note payable to nypa. under a provision in a letter of credit supporting these notes, if certain of the utility operating companies or system energy were to default on other indebtedness, entergy could be required to post collateral to support the letter of credit. entergy gulf states louisiana, entergy louisiana, entergy mississippi, entergy texas, and system energy have obtained long-term financing authorizations from the ferc that extend through october 2015. entergy arkansas has obtained long-term financing authorization from the apsc that extends through december 2015. entergy new orleans has obtained long-term financing authorization from the city council that extends through july 2014. capital funds agreement pursuant to an agreement with certain creditors, entergy corporation has agreed to supply system energy with sufficient capital to: 2022 maintain system energy 2019s equity capital at a minimum of 35% (35%) of its total capitalization (excluding short- term debt);. what was the total of annual long-term debt maturities in 2017? 766801.0 and what was it in 2016? 270852.0 what was, then, the change over the year?

495949.0

15. commitments and contingencies in the ordinary course of business, the company is involved in lawsuits, arbitrations and other formal and informal dispute resolution procedures, the outcomes of which will determine the company 2019s rights and obligations under insurance and reinsurance agreements. in some disputes, the company seeks to enforce its rights under an agreement or to collect funds owing to it. in other matters, the company is resisting attempts by others to collect funds or enforce alleged rights. these disputes arise from time to time and are ultimately resolved through both informal and formal means, including negotiated resolution, arbitration and litigation. in all such matters, the company believes that its positions are legally and commercially reasonable. the company considers the statuses of these proceedings when determining its reserves for unpaid loss and loss adjustment expenses. aside from litigation and arbitrations related to these insurance and reinsurance agreements, the company is not a party to any other material litigation or arbitration. the company has entered into separate annuity agreements with the prudential insurance of america (201cthe prudential 201d) and an additional unaffiliated life insurance company in which the company has either purchased annuity contracts or become the assignee of annuity proceeds that are meant to settle claim payment obligations in the future. in both instances, the company would become contingently liable if either the prudential or the unaffiliated life insurance company were unable to make payments related to the respective annuity contract. the table below presents the estimated cost to replace all such annuities for which the company was contingently liable for the periods indicated:. (dollars in thousands) | at december 31, 2017 | at december 31, 2016 the prudential insurance company of america | $144618 | $146507 unaffiliated life insurance company | 34444 | 33860 16. share-based compensation plans the company has a 2010 stock incentive plan (201c2010 employee plan 201d), a 2009 non-employee director stock option and restricted stock plan (201c2009 director plan 201d) and a 2003 non-employee director equity compensation plan (201c2003 director plan 201d). under the 2010 employee plan, 4000000 common shares have been authorized to be granted as non- qualified share options, incentive share options, share appreciation rights, restricted share awards or performance share unit awards to officers and key employees of the company. at december 31, 2017, there were 2553473 remaining shares available to be granted under the 2010 employee plan. the 2010 employee plan replaced a 2002 employee plan, which replaced a 1995 employee plan; therefore, no further awards will be granted under the 2002 employee plan or the 1995 employee plan. through december 31, 2017, only non-qualified share options, restricted share awards and performance share unit awards had been granted under the employee plans. under the 2009 director plan, 37439 common shares have been authorized to be granted as share options or restricted share awards to non-employee directors of the company. at december 31, 2017, there were 34957 remaining shares available to be granted under the 2009 director plan. the 2009 director plan replaced a 1995 director plan, which expired. under the 2003 director plan, 500000 common shares have been authorized to be granted as share options or share awards to non-employee directors of the company. at december 31, 2017 there were 346714 remaining shares available to be granted under the 2003 director plan.. what is the balance in the unaffiliated life insurance company in 2017?

34444.0

performance graph the graph below compares the cumulative total shareholder return on pmi's common stock with the cumulative total return for the same period of pmi's peer group and the s&p 500 index. the graph assumes the investment of $100 as of december 31, 2013, in pmi common stock (at prices quoted on the new york stock exchange) and each of the indices as of the market close and reinvestment of dividends on a quarterly basis. date pmi pmi peer group (1) s&p 500 index. date | pmi | pmi peer group (1) | s&p 500 index december 31 2013 | $100.00 | $100.00 | $100.00 december 31 2014 | $97.90 | $107.80 | $113.70 december 31 2015 | $111.00 | $116.80 | $115.30 december 31 2016 | $120.50 | $118.40 | $129.00 december 31 2017 | $144.50 | $140.50 | $157.20 december 31 2018 | $96.50 | $127.70 | $150.30 (1) the pmi peer group presented in this graph is the same as that used in the prior year. the pmi peer group was established based on a review of four characteristics: global presence; a focus on consumer products; and net revenues and a market capitalization of a similar size to those of pmi. the review also considered the primary international tobacco companies. as a result of this review, the following companies constitute the pmi peer group: altria group, inc., anheuser-busch inbev sa/nv, british american tobacco p.l.c., the coca-cola company, colgate-palmolive co., diageo plc, heineken n.v., imperial brands plc, japan tobacco inc., johnson & johnson, kimberly-clark corporation, the kraft-heinz company, mcdonald's corp., mondel z international, inc., nestl e9 s.a., pepsico, inc., the procter & gamble company, roche holding ag, and unilever nv and plc. note: figures are rounded to the nearest $0.10.. what was the value of pmi common stock in 2018?

96.5

abiomed, inc. and subsidiaries notes to consolidated financial statements 2014 (continued) (7) commitments and contingencies the company applies the disclosure provisions of fin no. 45, guarantor 2019s accounting and disclosure requirements for guarantees, including guarantees of indebtedness of others, and interpretation of fasb statements no. 5, 57 and 107 and rescission of fasb interpretation no. 34 (fin no. 45) to its agreements that contain guarantee or indemnification clauses. these disclosure provisions expand those required by sfas no. 5 accounting for contingencies, by requiring that guarantors disclose certain types of guarantees, even if the likelihood of requiring the guarantor 2019s performance is remote. the following is a description of arrangements in which the company is a guarantor. product warranties 2014the company routinely accrues for estimated future warranty costs on its product sales at the time of sale. the ab5000 and bvs products are subject to rigorous regulation and quality standards. operating results could be adversely effected if the actual cost of product failures exceeds the estimated warranty provision. patent indemnifications 2014in many sales transactions, the company indemnifies customers against possible claims of patent infringement caused by the company 2019s products. the indemnifications contained within sales contracts usually do not include limits on the claims. the company has never incurred any material costs to defend lawsuits or settle patent infringement claims related to sales transactions. under the provisions of fin no. 45, intellectual property indemnifications require disclosure only. as of march 31, 2006, the company had entered into leases for its facilities, including its primary operating facility in danvers, massachusetts, with terms through fiscal 2010. the danvers lease may be extended, at the company 2019s option, for two successive additional periods of five years each with monthly rent charges to be determined based on then current fair rental values. the company 2019s lease for its aachen location expires in august 2008 unless an option to extend for an additional four years is exercised by the company. in december 2005 we closed our office facility in the netherlands, recording a charge of approximately $58000 for the remaining lease term. total rent expense under these leases, included in the accompanying consolidated statements of operations approximated $821000, $824000 and $1262000 for the fiscal years ended march 31, 2004, 2005 and 2006, respectively. future minimum lease payments under all significant non-cancelable operating leases as of march 31, 2006 are approximately as follows (in thousands): fiscal year ending march 31, operating leases. fiscal year ending march 31, | operating leases 2007 | 1703 2008 | 1371 2009 | 1035 2010 | 710 total future minimum lease payments | $4819 from time-to-time, the company is involved in legal and administrative proceedings and claims of various types. while any litigation contains an element of uncertainty, management, in consultation with the company 2019s general counsel, presently believes that the outcome of each such other proceedings or claims which are pending or known to be threatened, or all of them combined, is not expected to have a material adverse effect on the company 2019s financial position, cash flow and results. on may 15, 2006 richard a. nazarian, as selling stockholder representative, filed a demand for arbitration (subsequently amended) with the boston office of the american arbitration association. what was the total of operating leases in 2007? 1703.0 and what was it in 2008? 1371.0 what was, then, the decline over the year? 332.0 and what is this decline as a portion of the 2007 total? 0.19495 and in the year before, what was the lease expense?

1262000.0

middleton's reported cigars shipment volume for 2012 decreased 0.7% (0.7%) due primarily to changes in trade inventories, partially offset by volume growth as a result of retail share gains. in the cigarette category, marlboro's 2012 retail share performance continued to benefit from the brand-building initiatives supporting marlboro's new architecture. marlboro's retail share for 2012 increased 0.6 share points versus 2011 to 42.6% (42.6%). in january 2013, pm usa expanded distribution of marlboro southern cut nationally. marlboro southern cut is part of the marlboro gold family. pm usa's 2012 retail share increased 0.8 share points versus 2011, reflecting retail share gains by marlboro and by l&m in discount. these gains were partially offset by share losses on other portfolio brands. in the machine-made large cigars category, black & mild's retail share for 2012 increased 0.5 share points. the brand benefited from new untipped cigarillo varieties that were introduced in 2011, black & mild seasonal offerings and the 2012 third-quarter introduction of black & mild jazz untipped cigarillos into select geographies. in december 2012, middleton announced plans to launch nationally black & mild jazz cigars in both plastic tip and wood tip in the first quarter of 2013. the following discussion compares smokeable products segment results for the year ended december 31, 2011 with the year ended december 31, 2010. net revenues, which include excise taxes billed to customers, decreased $221 million (1.0% (1.0%)) due to lower shipment volume ($1051 million), partially offset by higher net pricing ($830 million), which includes higher promotional investments. operating companies income increased $119 million (2.1% (2.1%)), due primarily to higher net pricing ($831 million), which includes higher promotional investments, marketing, administration, and research savings reflecting cost reduction initiatives ($198 million) and 2010 implementation costs related to the closure of the cabarrus, north carolina manufacturing facility ($75 million), partially offset by lower volume ($527 million), higher asset impairment and exit costs due primarily to the 2011 cost reduction program ($158 million), higher per unit settlement charges ($120 million), higher charges related to tobacco and health judgments ($87 million) and higher fda user fees ($73 million). for 2011, total smokeable products shipment volume decreased 4.0% (4.0%) versus 2010. pm usa's reported domestic cigarettes shipment volume declined 4.0% (4.0%) versus 2010 due primarily to retail share losses and one less shipping day, partially offset by changes in trade inventories. after adjusting for changes in trade inventories and one less shipping day, pm usa's 2011 domestic cigarette shipment volume was estimated to be down approximately 4% (4%) versus 2010. pm usa believes that total cigarette category volume for 2011 decreased approximately 3.5% (3.5%) versus 2010, when adjusted primarily for changes in trade inventories and one less shipping day. pm usa's total premium brands (marlboro and other premium brands) shipment volume decreased 4.3% (4.3%). marlboro's shipment volume decreased 3.8% (3.8%) versus 2010. in the discount brands, pm usa's shipment volume decreased 0.9% (0.9%). pm usa's shipments of premium cigarettes accounted for 93.7% (93.7%) of its reported domestic cigarettes shipment volume for 2011, down from 93.9% (93.9%) in 2010. middleton's 2011 reported cigars shipment volume was unchanged versus 2010. for 2011, pm usa's retail share of the cigarette category declined 0.8 share points to 49.0% (49.0%) due primarily to retail share losses on marlboro. marlboro's 2011 retail share decreased 0.6 share points. in 2010, marlboro delivered record full-year retail share results that were achieved at lower margin levels. middleton retained a leading share of the tipped cigarillo segment of the machine-made large cigars category, with a retail share of approximately 84% (84%) in 2011. for 2011, middleton's retail share of the cigar category increased 0.3 share points to 29.7% (29.7%) versus 2010. black & mild's 2011 retail share increased 0.5 share points, as the brand benefited from new product introductions. during the fourth quarter of 2011, middleton broadened its untipped cigarillo portfolio with new aroma wrap 2122 foil pouch packaging that accompanied the national introduction of black & mild wine. this new fourth- quarter packaging roll-out also included black & mild sweets and classic varieties. during the second quarter of 2011, middleton entered into a contract manufacturing arrangement to source the production of a portion of its cigars overseas. middleton entered into this arrangement to access additional production capacity in an uncertain competitive environment and an excise tax environment that potentially benefits imported large cigars over those manufactured domestically. smokeless products segment the smokeless products segment's operating companies income grew during 2012 driven by higher pricing, copenhagen and skoal's combined volume and retail share performance and effective cost management. the following table summarizes smokeless products segment shipment volume performance: shipment volume for the years ended december 31. (cans and packs in millions) | shipment volumefor the years ended december 31, 2012 | shipment volumefor the years ended december 31, 2011 | shipment volumefor the years ended december 31, 2010 copenhagen | 392.5 | 354.2 | 327.5 skoal | 288.4 | 286.8 | 274.4 copenhagenandskoal | 680.9 | 641.0 | 601.9 other | 82.4 | 93.6 | 122.5 total smokeless products | 763.3 | 734.6 | 724.4 volume includes cans and packs sold, as well as promotional units, but excludes international volume, which is not material to the smokeless products segment. other includes certain usstc and pm usa smokeless products. new types of smokeless products, as well as new packaging configurations. what was the difference in total smokeless product shipment volume between 2011 and 2012?

28.7

five-year stock performance graph the graph below illustrates the cumulative total shareholder return on snap-on common stock since december 31, 2007, assuming that dividends were reinvested. the graph compares snap-on 2019s performance to that of the standard & poor 2019s 500 stock index (201cs&p 500 201d) and a peer group. snap-on incorporated total shareholder return (1) fiscal year ended (2) snap-on incorporated peer group (3) s&p 500. fiscal year ended (2) | snap-onincorporated | peer group (3) | s&p 500 december 31 2007 | $100.00 | $100.00 | $100.00 december 31 2008 | 83.66 | 66.15 | 63.00 december 31 2009 | 93.20 | 84.12 | 79.67 december 31 2010 | 128.21 | 112.02 | 91.67 december 31 2011 | 117.47 | 109.70 | 93.61 december 31 2012 | 187.26 | 129.00 | 108.59 (1) assumes $100 was invested on december 31, 2007, and that dividends were reinvested quarterly. (2) the company's fiscal year ends on the saturday that is on or nearest to december 31 of each year; for ease of calculation, the fiscal year end is assumed to be december 31. (3) the peer group consists of: stanley black & decker, inc., danaher corporation, emerson electric co., genuine parts company, newell rubbermaid inc., pentair ltd., spx corporation and w.w. grainger, inc. cooper industries plc, a former member of the peer group, was removed, as it was acquired by a larger, non-comparable company in 2012. 2012 annual report 23 snap-on incorporated peer group s&p 500 2007 2008 201120102009 2012. what was the performance price of the s&p 500 in 2012?

108.59

the defined benefit pension plans 2019 trust and $130 million to our retiree medical plans which will reduce our cash funding requirements for 2007 and 2008. in 2007, we expect to make no contributions to the defined benefit pension plans and expect to contribute $175 million to the retiree medical and life insurance plans, after giving consideration to the 2006 prepayments. the following benefit payments, which reflect expected future service, as appropriate, are expected to be paid: (in millions) pension benefits benefits. (in millions) | pensionbenefits | otherbenefits 2007 | $1440 | $260 2008 | 1490 | 260 2009 | 1540 | 270 2010 | 1600 | 270 2011 | 1660 | 270 years 2012 2013 2016 | 9530 | 1260 as noted previously, we also sponsor nonqualified defined benefit plans to provide benefits in excess of qualified plan limits. the aggregate liabilities for these plans at december 31, 2006 were $641 million. the expense associated with these plans totaled $59 million in 2006, $58 million in 2005 and $61 million in 2004. we also sponsor a small number of foreign benefit plans. the liabilities and expenses associated with these plans are not material to our results of operations, financial position or cash flows. note 13 2013 leases our total rental expense under operating leases was $310 million, $324 million and $318 million for 2006, 2005 and 2004, respectively. future minimum lease commitments at december 31, 2006 for all operating leases that have a remaining term of more than one year were $1.1 billion ($288 million in 2007, $254 million in 2008, $211 million in 2009, $153 million in 2010, $118 million in 2011 and $121 million in later years). certain major plant facilities and equipment are furnished by the u.s. government under short-term or cancelable arrangements. note 14 2013 legal proceedings, commitments and contingencies we are a party to or have property subject to litigation and other proceedings, including matters arising under provisions relating to the protection of the environment. we believe the probability is remote that the outcome of these matters will have a material adverse effect on the corporation as a whole. we cannot predict the outcome of legal proceedings with certainty. these matters include the following items, all of which have been previously reported: on march 27, 2006, we received a subpoena issued by a grand jury in the united states district court for the northern district of ohio. the subpoena requests documents related to our application for patents issued in the united states and the united kingdom relating to a missile detection and warning technology. we are cooperating with the government 2019s investigation. on february 6, 2004, we submitted a certified contract claim to the united states requesting contractual indemnity for remediation and litigation costs (past and future) related to our former facility in redlands, california. we submitted the claim consistent with a claim sponsorship agreement with the boeing company (boeing), executed in 2001, in boeing 2019s role as the prime contractor on the short range attack missile (sram) program. the contract for the sram program, which formed a significant portion of our work at the redlands facility, had special contractual indemnities from the u.s. air force, as authorized by public law 85-804. on august 31, 2004, the united states denied the claim. our appeal of that decision is pending with the armed services board of contract appeals. on august 28, 2003, the department of justice (the doj) filed complaints in partial intervention in two lawsuits filed under the qui tam provisions of the civil false claims act in the united states district court for the western district of kentucky, united states ex rel. natural resources defense council, et al v. lockheed martin corporation, et al, and united states ex rel. john d. tillson v. lockheed martin energy systems, inc., et al. the doj alleges that we committed violations of the resource conservation and recovery act at the paducah gaseous diffusion plant by not properly handling, storing. what is the rental expense under operating leases in 2005? 324.0 what about in 2004? 318.0 what is the net change? 6.0 what is the rental expense under operating leases in 2004? 318.0 what percentage change does this represent?

0.01887

item 7. management 2019s discussion and analysis of financial condition and results of operations our management 2019s discussion and analysis of financial condition and results of operations (md&a) is provided in addition to the accompanying consolidated financial statements and notes to assist readers in understanding our results of operations, financial condition, and cash flows. md&a is organized as follows: 2022 overview. discussion of our business and overall analysis of financial and other highlights affecting the company in order to provide context for the remainder of md&a. 2022 critical accounting estimates. accounting estimates that we believe are most important to understanding the assumptions and judgments incorporated in our reported financial results and forecasts. 2022 results of operations. an analysis of our financial results comparing 2013 to 2012 and comparing 2012 to 2022 liquidity and capital resources. an analysis of changes in our balance sheets and cash flows, and discussion of our financial condition and potential sources of liquidity. 2022 fair value of financial instruments. discussion of the methodologies used in the valuation of our financial instruments. 2022 contractual obligations and off-balance-sheet arrangements. overview of contractual obligations, contingent liabilities, commitments, and off-balance-sheet arrangements outstanding as of december 28, 2013, including expected payment schedule. the various sections of this md&a contain a number of forward-looking statements that involve a number of risks and uncertainties. words such as 201canticipates, 201d 201cexpects, 201d 201cintends, 201d 201cplans, 201d 201cbelieves, 201d 201cseeks, 201d 201cestimates, 201d 201ccontinues, 201d 201cmay, 201d 201cwill, 201d 201cshould, 201d and variations of such words and similar expressions are intended to identify such forward-looking statements. in addition, any statements that refer to projections of our future financial performance, our anticipated growth and trends in our businesses, uncertain events or assumptions, and other characterizations of future events or circumstances are forward-looking statements. such statements are based on our current expectations and could be affected by the uncertainties and risk factors described throughout this filing and particularly in 201crisk factors 201d in part i, item 1a of this form 10-k. our actual results may differ materially, and these forward-looking statements do not reflect the potential impact of any divestitures, mergers, acquisitions, or other business combinations that had not been completed as of february 14, 2014. overview our results of operations for each period were as follows:. (dollars in millions except per share amounts) | three months ended dec. 282013 | three months ended sept. 282013 | three months ended change | three months ended dec. 282013 | three months ended dec. 292012 | change net revenue | $13834 | $13483 | $351 | $52708 | $53341 | $-633 (633) gross margin | $8571 | $8414 | $157 | $31521 | $33151 | $-1630 (1630) gross margin percentage | 62.0% (62.0%) | 62.4% (62.4%) | (0.4)% (%) | 59.8% (59.8%) | 62.1% (62.1%) | (2.3)% (%) operating income | $3549 | $3504 | $45 | $12291 | $14638 | $-2347 (2347) net income | $2625 | $2950 | $-325 (325) | $9620 | $11005 | $-1385 (1385) diluted earnings per common share | $0.51 | $0.58 | $-0.07 (0.07) | $1.89 | $2.13 | $-0.24 (0.24) revenue for 2013 was down 1% (1%) from 2012. pccg experienced lower platform unit sales in the first half of the year, but saw offsetting growth in the back half as the pc market began to show signs of stabilization. dcg continued to benefit from the build out of internet cloud computing and the strength of our product portfolio resulting in increased platform volumes for dcg for the year. higher factory start-up costs for our next-generation 14nm process technology led to a decrease in gross margin compared to 2012. in response to the current business environment and to better align resources, management approved several restructuring actions including targeted workforce reductions as well as the exit of certain businesses and facilities. these actions resulted in restructuring and asset impairment charges of $240 million for 2013. table of contents. what was the total of diluted earnings per common share as of december 2013? 1.89 and what was it as of december 2012?

2.13

jpmorgan chase & co./2008 annual report 83 credit risk capital credit risk capital is estimated separately for the wholesale business- es (ib, cb, tss and am) and consumer businesses (rfs and cs). credit risk capital for the overall wholesale credit portfolio is defined in terms of unexpected credit losses, both from defaults and declines in the portfolio value due to credit deterioration, measured over a one-year period at a confidence level consistent with an 201caa 201d credit rating standard. unexpected losses are losses in excess of those for which provisions for credit losses are maintained. the capital methodology is based upon several principal drivers of credit risk: exposure at default (or loan-equivalent amount), default likelihood, credit spreads, loss severity and portfolio correlation. credit risk capital for the consumer portfolio is based upon product and other relevant risk segmentation. actual segment level default and severity experience are used to estimate unexpected losses for a one-year horizon at a confidence level consistent with an 201caa 201d credit rating standard. statistical results for certain segments or portfolios are adjusted to ensure that capital is consistent with external bench- marks, such as subordination levels on market transactions or capital held at representative monoline competitors, where appropriate. market risk capital the firm calculates market risk capital guided by the principle that capital should reflect the risk of loss in the value of portfolios and financial instruments caused by adverse movements in market vari- ables, such as interest and foreign exchange rates, credit spreads, securities prices and commodities prices. daily value-at-risk (201cvar 201d), biweekly stress-test results and other factors are used to determine appropriate capital levels. the firm allocates market risk capital to each business segment according to a formula that weights that seg- ment 2019s var and stress-test exposures. see market risk management on pages 111 2013116 of this annual report for more information about these market risk measures. operational risk capital capital is allocated to the lines of business for operational risk using a risk-based capital allocation methodology which estimates opera- tional risk on a bottom-up basis. the operational risk capital model is based upon actual losses and potential scenario-based stress losses, with adjustments to the capital calculation to reflect changes in the quality of the control environment or the use of risk-transfer prod- ucts. the firm believes its model is consistent with the new basel ii framework. private equity risk capital capital is allocated to privately and publicly held securities, third-party fund investments and commitments in the private equity portfolio to cover the potential loss associated with a decline in equity markets and related asset devaluations. in addition to negative market fluctua- tions, potential losses in private equity investment portfolios can be magnified by liquidity risk. the capital allocation for the private equity portfolio is based upon measurement of the loss experience suffered by the firm and other market participants over a prolonged period of adverse equity market conditions. regulatory capital the board of governors of the federal reserve system (the 201cfederal reserve 201d) establishes capital requirements, including well-capitalized standards for the consolidated financial holding company. the office of the comptroller of the currency (201cocc 201d) establishes similar capital requirements and standards for the firm 2019s national banks, including jpmorgan chase bank, n.a., and chase bank usa, n.a. the federal reserve granted the firm, for a period of 18 months fol- lowing the bear stearns merger, relief up to a certain specified amount and subject to certain conditions from the federal reserve 2019s risk-based capital and leverage requirements with respect to bear stearns 2019 risk-weighted assets and other exposures acquired. the amount of such relief is subject to reduction by one-sixth each quarter subsequent to the merger and expires on october 1, 2009. the occ granted jpmorgan chase bank, n.a. similar relief from its risk-based capital and leverage requirements. jpmorgan chase maintained a well-capitalized position, based upon tier 1 and total capital ratios at december 31, 2008 and 2007, as indicated in the tables below. for more information, see note 30 on pages 212 2013213 of this annual report. risk-based capital components and assets. december 31 (in millions) | 2008 | 2007 total tier 1capital (a) | $136104 | $88746 total tier 2 capital | 48616 | 43496 total capital | $184720 | $132242 risk-weighted assets | $1244659 | $1051879 total adjusted average assets | 1966895 | 1473541 (a) the fasb has been deliberating certain amendments to both sfas 140 and fin 46r that may impact the accounting for transactions that involve qspes and vies. based on the provisions of the current proposal and the firm 2019s interpretation of the propos- al, the firm estimates that the impact of consolidation could be up to $70 billion of credit card receivables, $40 billion of assets related to firm-sponsored multi-seller conduits, and $50 billion of other loans (including residential mortgages); the decrease in the tier 1 capital ratio could be approximately 80 basis points. the ulti- mate impact could differ significantly due to the fasb 2019s continuing deliberations on the final requirements of the rule and market conditions.. in 2008, what percentage did the tier 2 capital represent in relation to the total one? 0.26319 and how much did it represent in relation to the total of risk-weighted assets?

0.03906

repurchase of equity securities the following table provides information regarding our purchases of equity securities during the fourth quarter of 2008: number of shares purchased average paid per share2 total number of shares purchased as part of publicly announced plans or programs maximum number of shares that may yet be purchased under the plans or programs. - | total number of shares purchased | average price paid per share2 | total number of shares purchased as part of publicly announced plans or programs | maximum number ofshares that may yet be purchased under the plans or programs october 1-31 | 29704 | $5.99 | 2014 | 2014 november 1-30 | 4468 | $3.24 | 2014 | 2014 december 1-31 | 12850 | $3.98 | 2014 | 2014 total1 | 47022 | $5.18 | 2014 | 2014 total1................................ 47022 $5.18 2014 2014 1 consists of restricted shares of our common stock withheld under the terms of grants under employee stock compensation plans to offset tax withholding obligations that occurred upon vesting and release of restricted shares during each month of the fourth quarter of 2008 (the 201cwithheld shares 201d). 2 the average price per month of the withheld shares was calculated by dividing the aggregate value of the tax withholding obligations for each month by the aggregate number of shares of our common stock withheld each month.. what was the total value of the shares purchased in october? 177926.96 and what was it for november? 14476.32 how much does the october total value represent in relation to the november one? 12.2909 and how much is that in percentage?

1229.08971

4. stock options and other stock plans we have 100962 options outstanding under the 1993 stock option and retention stock plan of union pacific corporation (1993 plan). there are 7140 restricted shares outstanding under the 1992 restricted stock plan for non-employee directors of union pacific corporation. we no longer grant options or awards of retention shares and units under these plans. in april 2000, the shareholders approved the union pacific corporation 2000 directors plan (directors plan) whereby 1100000 shares of our common stock were reserved for issuance to our non-employee directors. under the directors plan, each non-employee director, upon his or her initial election to the board of directors, receives a grant of 2000 shares of retention shares or retention stock units. prior to december 31, 2007, each non-employee director received annually an option to purchase at fair value a number of shares of our common stock, not to exceed 10000 shares during any calendar year, determined by dividing 60000 by 1/3 of the fair market value of one share of our common stock on the date of such board of directors meeting, with the resulting quotient rounded up or down to the nearest 50 shares. as of december 31, 2009, 18000 restricted shares were outstanding under the directors plan and 292000 options were outstanding under the directors plan. the union pacific corporation 2001 stock incentive plan (2001 plan) was approved by the shareholders in april 2001. the 2001 plan reserved 24000000 shares of our common stock for issuance to eligible employees of the corporation and its subsidiaries in the form of non-qualified options, incentive stock options, retention shares, stock units, and incentive bonus awards. non-employee directors were not eligible for awards under the 2001 plan. as of december 31, 2009, 3366230 options were outstanding under the 2001 plan. we no longer grant any stock options or other stock or unit awards under this plan. the union pacific corporation 2004 stock incentive plan (2004 plan) was approved by shareholders in april 2004. the 2004 plan reserved 42000000 shares of our common stock for issuance, plus any shares subject to awards made under the 2001 plan and the 1993 plan that were outstanding on april 16, 2004, and became available for regrant pursuant to the terms of the 2004 plan. under the 2004 plan, non- qualified options, stock appreciation rights, retention shares, stock units, and incentive bonus awards may be granted to eligible employees of the corporation and its subsidiaries. non-employee directors are not eligible for awards under the 2004 plan. as of december 31, 2009, 8939710 options and 3778997 retention shares and stock units were outstanding under the 2004 plan. pursuant to the above plans 33559150; 36961123; and 38601728 shares of our common stock were authorized and available for grant at december 31, 2009, 2008, and 2007, respectively. stock options 2013 we estimate the fair value of our stock option awards using the black-scholes option pricing model. groups of employees and non-employee directors that have similar historical and expected exercise behavior are considered separately for valuation purposes. the table below shows the annual weighted-average assumptions used for valuation purposes: weighted-average assumptions 2009 2008 2007. weighted-average assumptions | 2009 | 2008 | 2007 risk-free interest rate | 1.9% (1.9%) | 2.8% (2.8%) | 4.9% (4.9%) dividend yield | 2.3% (2.3%) | 1.4% (1.4%) | 1.4% (1.4%) expected life (years) | 5.1 | 5.3 | 4.7 volatility | 31.3% (31.3%) | 22.2% (22.2%) | 20.9% (20.9%) weighted-average grant-date fair value of options granted | $11.33 | $13.35 | $11.19 . what is the assumed fmv of a share?

2000.0

64 | 2017 form 10-k notes to consolidated financial statements 1. operations and summary of significant accounting policies a. nature of operations information in our financial statements and related commentary are presented in the following categories: machinery, energy & transportation (me&t) 2013 represents the aggregate total of construction industries, resource industries, energy & transportation and all other operating segments and related corporate items and eliminations. financial products 2013 primarily includes the company 2019s financial products segment. this category includes caterpillar financial services corporation (cat financial), caterpillar insurance holdings inc. (insurance services) and their respective subsidiaries. our products are sold primarily under the brands 201ccaterpillar, 201d 201ccat, 201d design versions of 201ccat 201d and 201ccaterpillar, 201d 201cemd, 201d 201cfg wilson, 201d 201cmak, 201d 201cmwm, 201d 201cperkins, 201d 201cprogress rail, 201d 201csem 201d and 201csolar turbines 201d. we conduct operations in our machinery, energy & transportation lines of business under highly competitive conditions, including intense price competition. we place great emphasis on the high quality and performance of our products and our dealers 2019 service support. although no one competitor is believed to produce all of the same types of equipment that we do, there are numerous companies, large and small, which compete with us in the sale of each of our products. our machines are distributed principally through a worldwide organization of dealers (dealer network), 48 located in the united states and 123 located outside the united states, serving 192 countries. reciprocating engines are sold principally through the dealer network and to other manufacturers for use in products. some of the reciprocating engines manufactured by our subsidiary perkins engines company limited, are also sold through its worldwide network of 93 distributors covering 182 countries. the fg wilson branded electric power generation systems primarily manufactured by our subsidiary caterpillar northern ireland limited are sold through its worldwide network of 154 distributors covering 131 countries. some of the large, medium speed reciprocating engines are also sold a0 under the mak brand through a worldwide network of 20 distributors covering 130 countries. our dealers do not deal exclusively with our products; however, in most cases sales and servicing of our products are the dealers 2019 principal business. some products, primarily turbines and locomotives, are sold directly to end customers through sales forces employed by the company. at times, these employees are assisted by independent sales representatives. the financial products line of business also conducts operations under highly competitive conditions. financing for users of caterpillar products is available through a variety of competitive sources, principally commercial banks and finance and leasing companies. we offer various financing plans designed to increase the opportunity for sales of our products and generate financing income for our company. a significant portion of financial products activity is conducted in north america, with additional offices in latin america, asia/pacific, europe, africa and middle east. b. basis of presentation the consolidated financial statements include the accounts of caterpillar a0 inc. and its subsidiaries where we have a controlling financial interest. investments in companies where our ownership exceeds 20 percent and we do not have a controlling interest or where the ownership is less than 20 percent and for which we have a significant influence are accounted for by the equity method. see note 9 for further discussion. we consolidate all variable interest entities (vies) where caterpillar inc. is the primary beneficiary. for vies, we assess whether we are the primary beneficiary as prescribed by the accounting guidance on the consolidation of vies. the primary beneficiary of a vie is the party that has both the power to direct the activities that most significantly impact the entity 2019s economic performance and the obligation to absorb losses or the right to receive benefits that could potentially be significant to the vie. see note 21 for further discussion on a consolidated vie. we have affiliates, suppliers and dealers that are vies of which we are not the primary beneficiary. although we have provided financial support, we do not have the power to direct the activities that most significantly impact the economic performance of each entity. our maximum exposure to loss from vies for which we are not the primary beneficiary was as follows:. (millions of dollars) | december 31, 2017 | december 31, 2016 receivables - trade and other | $34 | $55 receivables - finance | 42 | 174 long-term receivables - finance | 38 | 246 investments in unconsolidated affiliated companies | 39 | 31 guarantees | 259 | 210 total | $412 | $716 in addition, cat financial has end-user customers that are vies of which we are not the primary beneficiary. although we have provided financial support to these entities and therefore have a variable interest, we do not have the power to direct the activities that most significantly impact their economic performance. our maximum exposure to loss from our involvement with these vies is limited to the credit risk inherently present in the financial support that we have provided. these risks are evaluated and reflected in our financial statements as part of our overall portfolio of finance receivables and related allowance for credit losses.. what is the net change in total maximum exposure to loss fro vies from 2016 to 2017? -304.0 what is the percent change?

-0.42458

54| | duke realty corporation annual report 2009 net income (loss) per common share basic net income (loss) per common share is computed by dividing net income (loss) attributable to common shareholders, less dividends on share-based awards expected to vest, by the weighted average number of common shares outstanding for the period. diluted net income (loss) per common share is computed by dividing the sum of basic net income (loss) attributable to common shareholders and the noncontrolling interest in earnings allocable to units not owned by us (to the extent the units are dilutive), by the sum of the weighted average number of common shares outstanding and, to the extent they are dilutive, limited partnership units outstanding, as well as any potential dilutive securities for the period. during the first quarter of 2009, we adopted a new accounting standard (fasb asc 260-10) on participating securities, which we have applied retrospectively to prior period calculations of basic and diluted earnings per common share. pursuant to this new standard, certain of our share-based awards are considered participating securities because they earn dividend equivalents that are not forfeited even if the underlying award does not vest. the following table reconciles the components of basic and diluted net income (loss) per common share (in thousands):. - | 2009 | 2008 | 2007 net income (loss) attributable to common shareholders | $-333601 (333601) | $50408 | $211942 less: dividends on share-based awards expected to vest | -1759 (1759) | -1631 (1631) | -1149 (1149) basic net income (loss) attributable to common shareholders | -335360 (335360) | 48777 | 210793 noncontrolling interest in earnings of common unitholders (1) | - | 2640 | 13998 diluted net income (loss) attributable to common shareholders | $-335360 (335360) | $51417 | $224791 weighted average number of common shares outstanding | 201206 | 146915 | 139255 weighted average partnership units outstanding | - | 7619 | 9204 other potential dilutive shares (2) | - | 19 | 791 weighted average number of common shares and potential dilutive securities | 201206 | 154553 | 149250 weighted average number of common shares and potential diluted securities 201206 154553 149250 (1) the partnership units are anti-dilutive for the year ended december 31, 2009, as a result of the net loss for that period. therefore, 6687 units (in thousands) are excluded from the weighted average number of common shares and potential dilutive securities for the year ended december 31, 2009 and $11099 noncontrolling interest in earnings of common unitholders (in thousands) is excluded from diluted net loss attributable to common shareholders for the year ended december 31, 2009. (2) excludes (in thousands of shares) 7872; 8219 and 1144 of anti-dilutive shares for the years ended december 31, 2009, 2008 and 2007, respectively related to stock-based compensation plans. also excludes (in thousands of shares) the exchangeable notes that have 8089; 11771 and 11751 of anti-dilutive shares for the years ended december 31, 2009, 2008 and 2007, respectively. federal income taxes we have elected to be taxed as a real estate investment trust (201creit 201d) under the internal revenue code of 1986, as amended. to qualify as a reit, we must meet a number of organizational and operational requirements, including a requirement to distribute at least 90% (90%) of our adjusted taxable income to our stockholders. management intends to continue to adhere to these requirements and to maintain our reit status. as a reit, we are entitled to a tax deduction for some or all of the dividends we pay to shareholders. accordingly, we generally will not be subject to federal income taxes as long as we distribute an amount equal to or in excess of our taxable income currently to shareholders. we are also generally subject to federal income taxes on any taxable income that is not currently distributed to our shareholders. if we fail to qualify as a reit in any taxable year, we will be subject to federal income taxes and may not be able to qualify as a reit for four subsequent taxable years. reit qualification reduces, but does not eliminate, the amount of state and local taxes we pay. in addition, our financial statements include the operations of taxable corporate subsidiaries that are not entitled to a dividends paid deduction and are subject to corporate federal, state and local income taxes. as a reit, we may also be subject to certain federal excise taxes if we engage in certain types of transactions.. what was the net income (loss) attributable to common shareholders in 2008? 50408.0 and what was it in 2007? 211942.0 what was, then, the change over the year? -161534.0 what was the net income (loss) attributable to common shareholders in 2007? 211942.0 and how much does that change represent in relation to this 2007 amount, in percentage?

-0.76216

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 2015 | (losses) earnings 2014 | 2013 currency translation adjustments | $-6129 (6129) | $-3929 (3929) | $-2207 (2207) pension and other benefits | -3332 (3332) | -3020 (3020) | -2046 (2046) derivatives accounted for as hedges | 59 | 123 | 63 total accumulated other comprehensive losses | $-9402 (9402) | $-6826 (6826) | $-4190 (4190) reclassifications from other comprehensive earnings the movements in accumulated other comprehensive losses and the related tax impact, for each of the components above, that are due to current period activity and reclassifications to the income statement are shown on the consolidated statements of comprehensive earnings for the years ended december 31, 2015, 2014, and 2013. the movement in currency translation adjustments for the year ended december 31, 2013, was also impacted by the purchase of the remaining shares of the mexican tobacco business. in addition, $1 million, $5 million and $12 million of net currency translation adjustment gains were transferred from other comprehensive earnings to marketing, administration and research costs in the consolidated statements of earnings for the years ended december 31, 2015, 2014 and 2013, respectively, upon liquidation of subsidiaries. for additional information, see note 13. benefit plans and note 15. financial instruments for disclosures related to pmi's pension and other benefits and derivative financial instruments. note 18. colombian investment and cooperation agreement: on june 19, 2009, pmi announced that it had signed an agreement with the republic of colombia, together with the departments of colombia and the capital district of bogota, to promote investment and cooperation with respect to the colombian tobacco market and to fight counterfeit and contraband tobacco products. the investment and cooperation agreement provides $200 million in funding to the colombian governments over a 20-year period to address issues of mutual interest, such as combating the illegal cigarette trade, including the threat of counterfeit tobacco products, and increasing the quality and quantity of locally grown tobacco. as a result of the investment and cooperation agreement, pmi recorded a pre-tax charge of $135 million in the operating results of the latin america & canada segment during the second quarter of 2009. at december 31, 2015 and 2014, pmi had $73 million and $71 million, respectively, of discounted liabilities associated with the colombian investment and cooperation agreement. these discounted liabilities are primarily reflected in other long-term liabilities on the consolidated balance sheets and are expected to be paid through 2028. note 19. rbh legal settlement: on july 31, 2008, rothmans inc. ("rothmans") announced the finalization of a cad 550 million settlement (or approximately $540 million, based on the prevailing exchange rate at that time) between itself and rothmans, benson & hedges inc. ("rbh"), on the one hand, and the government of canada and all 10 provinces, on the other hand. the settlement resolved the royal canadian mounted police's investigation relating to products exported from canada by rbh during the 1989-1996 period. rothmans' sole holding was a 60% (60%) interest in rbh. the remaining 40% (40%) interest in rbh was owned by pmi.. what is the value of total accumulated other comprehensive losses in 2014? 9402.0 what is the value in 2015? 6826.0 what is the net difference? 2576.0 what is the 2015 value? 6826.0 what is the percent change?

0.37738

notes to consolidated financial statements 2014 (continued) (amounts in millions, except per share amounts) a summary of the remaining liability for the 2007, 2003 and 2001 restructuring programs is as follows: program program program total. - | 2007 program | 2003 program | 2001 program | total liability at december 31 2006 | $2014 | $12.6 | $19.2 | $31.8 net charges (reversals) and adjustments | 19.1 | -0.5 (0.5) | -5.2 (5.2) | 13.4 payments and other1 | -7.2 (7.2) | -3.1 (3.1) | -5.3 (5.3) | -15.6 (15.6) liability at december 31 2007 | $11.9 | $9.0 | $8.7 | $29.6 net charges and adjustments | 4.3 | 0.8 | 0.7 | 5.8 payments and other1 | -15.0 (15.0) | -4.1 (4.1) | -3.5 (3.5) | -22.6 (22.6) liability at december 31 2008 | $1.2 | $5.7 | $5.9 | $12.8 1 includes amounts representing adjustments to the liability for changes in foreign currency exchange rates. other reorganization-related charges other reorganization-related charges relate to our realignment of our media businesses into a newly created management entity called mediabrands and the 2006 merger of draft worldwide and foote, cone and belding worldwide to create draftfcb. charges related to severance and terminations costs and lease termination and other exit costs. we expect charges associated with mediabrands to be completed during the first half of 2009. charges related to the creation of draftfcb in 2006 are complete. the charges were separated from the rest of our operating expenses within the consolidated statements of operations because they did not result from charges that occurred in the normal course of business.. as of december 31, 2008, what was the total liability from the 2003 and the 2007 program, combined? 6.9 including the 2001 program, what becomes this total liability? 12.8 and what was the average liability between those three years? 4.26667 and concerning that total liability, by how much did it change since the end of 2006?

-19.0

notes to consolidated financial statements 2013 (continued) (amounts in millions, except per share amounts) cash flows for 2010, we expect to contribute $25.2 and $9.2 to our foreign pension plans and domestic pension plans, respectively. a significant portion of our contributions to the foreign pension plans relate to the u.k. pension plan. additionally, we are in the process of modifying the schedule of employer contributions for the u.k. pension plan and we expect to finalize this during 2010. as a result, we expect our contributions to our foreign pension plans to increase from current levels in 2010 and subsequent years. during 2009, we contributed $31.9 to our foreign pension plans and contributions to the domestic pension plan were negligible. the following estimated future benefit payments, which reflect future service, as appropriate, are expected to be paid in the years indicated below. domestic pension plans foreign pension plans postretirement benefit plans. years | domestic pension plans | foreign pension plans | postretirement benefit plans 2010 | $17.2 | $23.5 | $5.8 2011 | 11.1 | 24.7 | 5.7 2012 | 10.8 | 26.4 | 5.7 2013 | 10.5 | 28.2 | 5.6 2014 | 10.5 | 32.4 | 5.5 2015 2013 2019 | 48.5 | 175.3 | 24.8 the estimated future payments for our postretirement benefit plans are before any estimated federal subsidies expected to be received under the medicare prescription drug, improvement and modernization act of 2003. federal subsidies are estimated to range from $0.5 in 2010 to $0.6 in 2014 and are estimated to be $2.4 for the period 2015-2019. savings plans we sponsor defined contribution plans (the 201csavings plans 201d) that cover substantially all domestic employees. the savings plans permit participants to make contributions on a pre-tax and/or after-tax basis and allows participants to choose among various investment alternatives. we match a portion of participant contributions based upon their years of service. amounts expensed for the savings plans for 2009, 2008 and 2007 were $35.1, $29.6 and $31.4, respectively. expense includes a discretionary company contribution of $3.8, $4.0 and $4.9 offset by participant forfeitures of $2.7, $7.8, $6.0 in 2009, 2008 and 2007, respectively. in addition, we maintain defined contribution plans in various foreign countries and contributed $25.0, $28.7 and $26.7 to these plans in 2009, 2008 and 2007, respectively. deferred compensation and benefit arrangements we have deferred compensation arrangements which (i) permit certain of our key officers and employees to defer a portion of their salary or incentive compensation, or (ii) require us to contribute an amount to the participant 2019s account. the arrangements typically provide that the participant will receive the amounts deferred plus interest upon attaining certain conditions, such as completing a certain number of years of service or upon retirement or termination. as of december 31, 2009 and 2008, the deferred compensation liability balance was $100.3 and $107.6, respectively. amounts expensed for deferred compensation arrangements in 2009, 2008 and 2007 were $11.6, $5.7 and $11.9, respectively. we have deferred benefit arrangements with certain key officers and employees that provide participants with an annual payment, payable when the participant attains a certain age and after the participant 2019s employment has terminated. the deferred benefit liability was $178.2 and $182.1 as of december 31, 2009 and 2008, respectively. amounts expensed for deferred benefit arrangements in 2009, 2008 and 2007 were $12.0, $14.9 and $15.5, respectively. we have purchased life insurance policies on participants 2019 lives to assist in the funding of the related deferred compensation and deferred benefit liabilities. as of december 31, 2009 and 2008, the cash surrender value of these policies was $119.4 and $100.2, respectively. in addition to the life insurance policies, certain investments are held for the purpose of paying the deferred compensation and deferred benefit liabilities. these investments, along with the life insurance policies, are held in a separate revocable trust for the purpose of paying the deferred compensation and the deferred benefit. what was the difference between the highest and the lowest future benefit payment made for the postretirement benefit plans?

19.3

item 5. market for the registrant 2019s common equity, related stockholder matters and issuer purchases of equity securities the following graph compares annual total return of our common stock, the standard & poor 2019s 500 composite stock index (201cs&p 500 index 201d) and our peer group (201cloews peer group 201d) for the five years ended december 31, 2015. the graph assumes that the value of the investment in our common stock, the s&p 500 index and the loews peer group was $100 on december 31, 2010 and that all dividends were reinvested.. - | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 loews common stock | 100.0 | 97.37 | 106.04 | 126.23 | 110.59 | 101.72 s&p 500 index | 100.0 | 102.11 | 118.45 | 156.82 | 178.29 | 180.75 loews peer group (a) | 100.0 | 101.59 | 115.19 | 145.12 | 152.84 | 144.70 (a) the loews peer group consists of the following companies that are industry competitors of our principal operating subsidiaries: ace limited, w.r. berkley corporation, the chubb corporation, energy transfer partners l.p., ensco plc, the hartford financial services group, inc., kinder morgan energy partners, l.p. (included through november 26, 2014 when it was acquired by kinder morgan inc.), noble corporation, spectra energy corp, transocean ltd. and the travelers companies, inc. dividend information we have paid quarterly cash dividends on loews common stock in each year since 1967. regular dividends of $0.0625 per share of loews common stock were paid in each calendar quarter of 2015 and 2014.. what is the price of the s&p 500 index in 2015? 180.75 what was the price in 2010? 100.0 what is the net change?

80.75

stock price performance the following graph shows a comparison of the cumulative total return on our common stock, the standard & poor's 500 index and the standard & poor's 500 retail index. the graph assumes that the value of an investment in our common stock and in each such index was $100 on december 30, 2006, and that any dividends have been reinvested. the comparison in the graph below is based solely on historical data and is not intended to forecast the possible future performance of our common stock. comparison of cumulative total return among advance auto parts, inc., s&p 500 index and s&p 500 retail index company/index advance auto parts s&p 500 index s&p retail index december 30, $100.00 100.00 100.00 december 29, $108.00 104.24 january 3, $97.26 january 2, $116.01 january 1, $190.41 101.84 december 31, $201.18 104.81. company/index | december 30 2006 | december 29 2007 | january 3 2009 | january 2 2010 | january 1 2011 | december 31 2011 advance auto parts | $100.00 | $108.00 | $97.26 | $116.01 | $190.41 | $201.18 s&p 500 index | 100.00 | 104.24 | 65.70 | 78.62 | 88.67 | 88.67 s&p retail index | 100.00 | 82.15 | 58.29 | 82.36 | 101.84 | 104.81 stock price performance the following graph shows a comparison of the cumulative total return on our common stock, the standard & poor's 500 index and the standard & poor's 500 retail index. the graph assumes that the value of an investment in our common stock and in each such index was $100 on december 30, 2006, and that any dividends have been reinvested. the comparison in the graph below is based solely on historical data and is not intended to forecast the possible future performance of our common stock. comparison of cumulative total return among advance auto parts, inc., s&p 500 index and s&p 500 retail index company/index advance auto parts s&p 500 index s&p retail index december 30, $100.00 100.00 100.00 december 29, $108.00 104.24 january 3, $97.26 january 2, $116.01 january 1, $190.41 101.84 december 31, $201.18 104.81. what was the price performance of the advance auto parts stock in january 2009? 97.26 and by how much did it change since 2006? -2.74 what is this change as a portion of the 2006 price performance of that stock?

-0.0274

edwards lifesciences corporation notes to consolidated financial statements (continued) 13. common stock (continued) the company also maintains the nonemployee directors stock incentive compensation program (the 2018 2018nonemployee directors program 2019 2019). under the nonemployee directors program, upon a director 2019s initial election to the board, the director receives an initial grant of stock options or restricted stock units equal to a fair market value on grant date of $0.2 million, not to exceed 20000 shares. these grants vest over three years from the date of grant, subject to the director 2019s continued service. in addition, annually each nonemployee director may receive up to 40000 stock options or 16000 restricted stock units of the company 2019s common stock, or a combination thereof, provided that in no event may the total value of the combined annual award exceed $0.2 million. these grants generally vest over one year from the date of grant. under the nonemployee directors program, an aggregate of 2.8 million shares of the company 2019s common stock has been authorized for issuance. the company has an employee stock purchase plan for united states employees and a plan for international employees (collectively 2018 2018espp 2019 2019). under the espp, eligible employees may purchase shares of the company 2019s common stock at 85% (85%) of the lower of the fair market value of edwards lifesciences common stock on the effective date of subscription or the date of purchase. under the espp, employees can authorize the company to withhold up to 12% (12%) of their compensation for common stock purchases, subject to certain limitations. the espp is available to all active employees of the company paid from the united states payroll and to eligible employees of the company outside the united states, to the extent permitted by local law. the espp for united states employees is qualified under section 423 of the internal revenue code. the number of shares of common stock authorized for issuance under the espp was 13.8 million shares. the fair value of each option award and employee stock purchase subscription is estimated on the date of grant using the black-scholes option valuation model that uses the assumptions noted in the following tables. the risk-free interest rate is estimated using the u.s. treasury yield curve and is based on the expected term of the award. expected volatility is estimated based on a blend of the weighted-average of the historical volatility of edwards lifesciences 2019 stock and the implied volatility from traded options on edwards lifesciences 2019 stock. the expected term of awards granted is estimated from the vesting period of the award, as well as historical exercise behavior, and represents the period of time that awards granted are expected to be outstanding. the company uses historical data to estimate forfeitures and has estimated an annual forfeiture rate of 6.0% (6.0%). the black-scholes option pricing model was used with the following weighted-average assumptions for options granted during the following periods: option awards. - | 2016 | 2015 | 2014 average risk-free interest rate | 1.1% (1.1%) | 1.4% (1.4%) | 1.5% (1.5%) expected dividend yield | none | none | none expected volatility | 33% (33%) | 30% (30%) | 31% (31%) expected life (years) | 4.5 | 4.6 | 4.6 fair value per share | $31.00 | $18.13 | $11.75 . what is the fair value per share in 2016?

31.0

the aes corporation notes to consolidated financial statements 2014 (continued) december 31, 2017, 2016, and 2015 on december 8, 2017, the board of directors declared a quarterly common stock dividend of $0.13 per share payable on february 15, 2018 to shareholders of record at the close of business on february 1, 2018. stock repurchase program 2014 no shares were repurchased in 2017. the cumulative repurchases from the commencement of the program in july 2010 through december 31, 2017 totaled 154.3 million shares for a total cost of $1.9 billion, at an average price per share of $12.12 (including a nominal amount of commissions). as of december 31, 2017, $246 million remained available for repurchase under the program. the common stock repurchased has been classified as treasury stock and accounted for using the cost method. a total of 155924785 and 156878891 shares were held as treasury stock at december 31, 2017 and 2016, respectively. restricted stock units under the company's employee benefit plans are issued from treasury stock. the company has not retired any common stock repurchased since it began the program in july 2010. 15. segments and geographic information the segment reporting structure uses the company's organizational structure as its foundation to reflect how the company manages the businesses internally and is organized by geographic regions which provides a socio- political-economic understanding of our business. during the third quarter of 2017, the europe and asia sbus were merged in order to leverage scale and are now reported as part of the eurasia sbu. the management reporting structure is organized by five sbus led by our president and chief executive officer: us, andes, brazil, mcac and eurasia sbus. the company determined that it has five operating and five reportable segments corresponding to its sbus. all prior period results have been retrospectively revised to reflect the new segment reporting structure. in february 2018, we announced a reorganization as a part of our ongoing strategy to simplify our portfolio, optimize our cost structure, and reduce our carbon intensity. the company is currently evaluating the impact this reorganization will have on our segment reporting structure. corporate and other 2014 corporate overhead costs which are not directly associated with the operations of our five reportable segments are included in "corporate and other." also included are certain intercompany charges such as self-insurance premiums which are fully eliminated in consolidation. the company uses adjusted ptc as its primary segment performance measure. adjusted ptc, a non-gaap measure, is defined by the company as pre-tax income from continuing operations attributable to the aes corporation excluding gains or losses of the consolidated entity due to (a) unrealized gains or losses related to derivative transactions; (b) unrealized foreign currency gains or losses; (c) gains, losses and associated benefits and costs due to dispositions and acquisitions of business interests, including early plant closures; (d) losses due to impairments; (e) gains, losses and costs due to the early retirement of debt; and (f) costs directly associated with a major restructuring program, including, but not limited to, workforce reduction efforts, relocations, and office consolidation. adjusted ptc also includes net equity in earnings of affiliates on an after-tax basis adjusted for the same gains or losses excluded from consolidated entities. the company has concluded adjusted ptc better reflects the underlying business performance of the company and is the most relevant measure considered in the company's internal evaluation of the financial performance of its segments. additionally, given its large number of businesses and complexity, the company concluded that adjusted ptc is a more transparent measure that better assists investors in determining which businesses have the greatest impact on the company's results. revenue and adjusted ptc are presented before inter-segment eliminations, which includes the effect of intercompany transactions with other segments except for interest, charges for certain management fees, and the write-off of intercompany balances, as applicable. all intra-segment activity has been eliminated within the segment. inter-segment activity has been eliminated within the total consolidated results. the following tables present financial information by segment for the periods indicated (in millions):. year ended december 31, | total revenue 2017 | total revenue 2016 | total revenue 2015 us sbu | $3229 | $3429 | $3593 andes sbu | 2710 | 2506 | 2489 brazil sbu | 542 | 450 | 962 mcac sbu | 2448 | 2172 | 2353 eurasia sbu | 1590 | 1670 | 1875 corporate and other | 35 | 77 | 31 eliminations | -24 (24) | -23 (23) | -43 (43) total revenue | $10530 | $10281 | $11260 . what percentage was eurasia sbu of the total revenue in 2017? 0.151 at 12/31/17, with an average price per share of $12.12, what would be the cost to repurchase all the remaining shares in the program?

2981.52

notes to consolidated financial statements (continued) march 31, 2004 5. income taxes (continued) the effective tax rate of zero differs from the statutory rate of 34% (34%) primarily due to the inability of the company to recognize deferred tax assets for its operating losses and tax credits. of the total valuation allowance, approximately $2400000 relates to stock option compensation deductions. the tax benefit associated with the stock option compensation deductions will be credited to equity when realized. 6. commitments and contingencies the company applies the disclosure provisions of fin no. 45, guarantor 2019s accounting and disclosure requirements for guarantees, including guarantees of indebtedness of others, and interpretation of fasb statements no. 5, 57 and 107 and rescission of fasb interpretation no. 34 (fin no. 45) to its agreements that contain guarantee or indemnification clauses. these disclosure provisions expand those required by sfas no. 5, accounting for contingencies, by requiring that guarantors disclose certain types of guarantees, even if the likelihood of requiring the guarantor 2019s performance is remote. the following is a description of arrangements in which the company is a guarantor. product warranties 2013 the company routinely accrues for estimated future warranty costs on its product sales at the time of sale. the ab5000 and bvs products are subject to rigorous regulation and quality standards. while the company engages in extensive product quality programs and processes, including monitoring and evaluating the quality of component suppliers, its warranty obligation is affected by product failure rates. operating results could be adversely effected if the actual cost of product failures exceeds the estimated warranty provision. patent indemnifications 2013 in many sales transactions, the company indemnifies customers against possible claims of patent infringement caused by the company 2019s products. the indemnifications contained within sales contracts usually do not include limits on the claims. the company has never incurred any material costs to defend lawsuits or settle patent infringement claims related to sales transactions. under the provisions of fin no. 45, intellectual property indemnifications require disclosure only. as of march 31, 2004, the company had entered into leases for its facilities, including its primary operating facility in danvers, massachusetts, with terms through fiscal 2010. the company has elected not to exercise a buyout option available under its primary lease that would have allowed for early termination in 2005. total rent expense under these leases, included in the accompanying consolidated statements of operations, was approximately $856000, $823000 and $821000 for the fiscal years ended march 31, 2002, 2003 and 2004, respectively. during the fiscal year ended march 31, 2000, the company entered into 36-month operating leases totaling approximately $644000 for the lease of office furniture. these leases ended in fiscal year 2003 and at the company 2019s option the furniture was purchased. rental expense recorded for these leases during the fiscal years ended march 31, 2002 and 2003 was approximately $215000 and $127000 respectively. during fiscal 2000, the company entered into a 36-month capital lease for computer equipment and software for approximately $221000. this lease ended in fiscal year 2003 and at the company 2019s option these assets were purchased. future minimum lease payments under all non-cancelable operating leases as of march 31, 2004 are approximately as follows (in thousands):. year ending march 31, | operating leases 2005 | $781 2006 | 776 2007 | 769 2008 | 772 2009 | 772 thereafter | 708 total future minimum lease payments | $4578 from time-to-time, the company is involved in legal and administrative proceedings and claims of various types. while any litigation contains an element of uncertainty, management, in consultation with the company 2019s general counsel, presently believes that the outcome of each such other proceedings or claims which are pending or known to be threatened, or all of them combined, will not have a material adverse effect on the company.. what is the last year included in the remaining terms of the facility leases? 2010.0 and what is the first year?

2004.0

inventory on hand, as well as our future purchase commitments with our suppliers, considering multiple factors, including demand forecasts, product life cycle, current sales levels, pricing strategy and cost trends. if our review indicates that inventories of raw materials, components or finished products have become obsolete or are in excess of anticipated demand or that inventory cost exceeds net realizable value, we may be required to make adjustments that will impact the results of operations. goodwill and non-amortizable intangible assets valuation - we test goodwill and non-amortizable intangible assets for impairment annually or more frequently if events occur that would warrant such review. while the company has the option to perform a qualitative assessment for both goodwill and non-amortizable intangible assets to determine if it is more likely than not that an impairment exists, the company elects to perform the quantitative assessment for our annual impairment analysis. the impairment analysis involves comparing the fair value of each reporting unit or non-amortizable intangible asset to the carrying value. if the carrying value exceeds the fair value, goodwill or a non-amortizable intangible asset is considered impaired. to determine the fair value of goodwill, we primarily use a discounted cash flow model, supported by the market approach using earnings multiples of comparable global and local companies within the tobacco industry. at december 31, 2018, the carrying value of our goodwill was $7.2 billion, which is related to ten reporting units, each of which consists of a group of markets with similar economic characteristics. the estimated fair value of each of our ten reporting units exceeded the carrying value as of december 31, 2018. to determine the fair value of non-amortizable intangible assets, we primarily use a discounted cash flow model applying the relief-from-royalty method. we concluded that the fair value of our non- amortizable intangible assets exceeded the carrying value. these discounted cash flow models include management assumptions relevant for forecasting operating cash flows, which are subject to changes in business conditions, such as volumes and prices, costs to produce, discount rates and estimated capital needs. management considers historical experience and all available information at the time the fair values are estimated, and we believe these assumptions are consistent with the assumptions a hypothetical marketplace participant would use. since the march 28, 2008, spin-off from altria group, inc., we have not recorded a charge to earnings for an impairment of goodwill or non-amortizable intangible assets. marketing costs - we incur certain costs to support our products through programs that include advertising, marketing, consumer engagement and trade promotions. the costs of our advertising and marketing programs are expensed in accordance with u.s. gaap. recognition of the cost related to our consumer engagement and trade promotion programs contain uncertainties due to the judgment required in estimating the potential performance and compliance for each program. for volume-based incentives provided to customers, management continually assesses and estimates, by customer, the likelihood of the customer's achieving the specified targets, and records the reduction of revenue as the sales are made. for other trade promotions, management relies on estimated utilization rates that have been developed from historical experience. changes in the assumptions used in estimating the cost of any individual marketing program would not result in a material change in our financial position, results of operations or operating cash flows. employee benefit plans - as discussed in item 8, note 13. benefit plans to our consolidated financial statements, we provide a range of benefits to our employees and retired employees, including pensions, postretirement health care and postemployment benefits (primarily severance). we record annual amounts relating to these plans based on calculations specified by u.s. gaap. these calculations include various actuarial assumptions, such as discount rates, assumed rates of return on plan assets, compensation increases, mortality, turnover rates and health care cost trend rates. we review actuarial assumptions on an annual basis and make modifications to the assumptions based on current rates and trends when it is deemed appropriate to do so. as permitted by u.s. gaap, any effect of the modifications is generally amortized over future periods. we believe that the assumptions utilized in calculating our obligations under these plans are reasonable based upon our historical experience and advice from our actuaries. weighted-average discount rate assumptions for pension and postretirement plan obligations at december 31, 2018 and 2017 are as follows:. - | 2018 | 2017 pension plans | 1.61% (1.61%) | 1.51% (1.51%) postretirement plans | 3.97% (3.97%) | 3.79% (3.79%) we anticipate that assumption changes will increase 2019 pre-tax pension and postretirement expense to approximately $205 million as compared with approximately $160 million in 2018, excluding amounts related to employee severance and early retirement programs. the anticipated increase is primarily due to higher amortization out of other comprehensive earnings for unrecognized actuarial gains/ losses of $14 million, coupled with lower return on assets of $16 million, higher interest and service cost of $12 million and $4 million respectively, partially offset by other movements of $1 million. weighted-average expected rate of return and discount rate assumptions have a significant effect on the amount of expense reported for the employee benefit plans. a fifty-basis-point decrease in our discount rate would increase our 2019 pension and postretirement expense by approximately $50 million, and a fifty-basis-point increase in our discount rate would decrease our 2019 pension and postretirement. what was the weighted average discount rate for postretirement plans in 2018?

3.97

comparison of cumulative return among lkq corporation, the nasdaq stock market (u.s.) index and the peer group. - | 12/31/2011 | 12/31/2012 | 12/31/2013 | 12/31/2014 | 12/31/2015 | 12/31/2016 lkq corporation | $100 | $140 | $219 | $187 | $197 | $204 s&p 500 index | $100 | $113 | $147 | $164 | $163 | $178 peer group | $100 | $111 | $140 | $177 | $188 | $217 this stock performance information is "furnished" and shall not be deemed to be "soliciting material" or subject to rule 14a, shall not be deemed "filed" for purposes of section 18 of the securities exchange act of 1934 or otherwise subject to the liabilities of that section, and shall not be deemed incorporated by reference in any filing under the securities act of 1933 or the securities exchange act of 1934, whether made before or after the date of this report and irrespective of any general incorporation by reference language in any such filing, except to the extent that it specifically incorporates the information by reference. information about our common stock that may be issued under our equity compensation plans as of december 31, 2016 included in part iii, item 12 of this annual report on form 10-k is incorporated herein by reference.. what was the change in the return of the lkq corporation from 2011 to 2016? 104.0 and how much does this change represent in relation to the return of that stock in 2011, in percentage?

1.04

the following graph compares the cumulative 5-year total return to shareholders of cadence design systems, inc. 2019s common stock relative to the cumulative total returns of the s & p 500 index, the nasdaq composite index and the s & p information technology index. the graph assumes that the value of the investment in the company 2019s common stock and in each of the indexes (including reinvestment of dividends) was $100 on december 29, 2001 and tracks it through december 30, 2006. comparison of 5 year cumulative total return* among cadence design systems, inc., the s & p 500 index, the nasdaq composite index and the s & p information technology index 12/30/0612/31/051/1/051/3/0412/28/0212/29/01 cadence design systems, inc. nasdaq composite s & p information technology s & p 500 * $100 invested on 12/29/01 in stock or on 12/31/01 in index-incuding reinvestment of dividends. indexes calculated on month-end basis. copyright b7 2007, standard & poor 2019s, a division of the mcgraw-hill companies, inc. all rights reserved. www.researchdatagroup.com/s&p.htm december 29, december 28, january 3, january 1, december 31, december 30. - | december 29 2001 | december 28 2002 | january 3 2004 | january 1 2005 | december 31 2005 | december 30 2006 cadence design systems inc. | 100.00 | 54.38 | 81.52 | 61.65 | 75.54 | 79.96 s & p 500 | 100.00 | 77.90 | 100.24 | 111.15 | 116.61 | 135.03 nasdaq composite | 100.00 | 71.97 | 107.18 | 117.07 | 120.50 | 137.02 s & p information technology | 100.00 | 62.59 | 92.14 | 94.50 | 95.44 | 103.47 . what was the change in the value of the cadence design systems inc. from 2001 to 2006?

-20.04

dish network corporation notes to consolidated financial statements - continued 9. acquisitions dbsd north america and terrestar transactions on march 2, 2012, the fcc approved the transfer of 40 mhz of aws-4 wireless spectrum licenses held by dbsd north america and terrestar to us. on march 9, 2012, we completed the dbsd transaction and the terrestar transaction, pursuant to which we acquired, among other things, certain satellite assets and wireless spectrum licenses held by dbsd north america and terrestar. in addition, during the fourth quarter 2011, we and sprint entered into a mutual release and settlement agreement (the 201csprint settlement agreement 201d) pursuant to which all issues then being disputed relating to the dbsd transaction and the terrestar transaction were resolved between us and sprint, including, but not limited to, issues relating to costs allegedly incurred by sprint to relocate users from the spectrum then licensed to dbsd north america and terrestar. the total consideration to acquire the dbsd north america and terrestar assets was approximately $2.860 billion. this amount includes $1.364 billion for the dbsd transaction, $1.382 billion for the terrestar transaction, and the net payment of $114 million to sprint pursuant to the sprint settlement agreement. see note 16 for further information. as a result of these acquisitions, we recognized the acquired assets and assumed liabilities based on our estimates of fair value at their acquisition date, including $102 million in an uncertain tax position in 201clong-term deferred revenue, distribution and carriage payments and other long-term liabilities 201d on our consolidated balance sheets. subsequently, in the third quarter 2013, this uncertain tax position was resolved and $102 million was reversed and recorded as a decrease in 201cincome tax (provision) benefit, net 201d on our consolidated statements of operations and comprehensive income (loss) for the year ended december 31, 2013. 10. discontinued operations as of december 31, 2013, blockbuster had ceased all material operations. accordingly, our consolidated balance sheets, consolidated statements of operations and comprehensive income (loss) and consolidated statements of cash flows have been recast to present blockbuster as discontinued operations for all periods presented and the amounts presented in the notes to our consolidated financial statements relate only to our continuing operations, unless otherwise noted. during the years ended december 31, 2013, 2012 and 2011, the revenue from our discontinued operations was $503 million, $1.085 billion and $974 million, respectively. 201cincome (loss) from discontinued operations, before income taxes 201d for the same periods was a loss of $54 million, $62 million and $3 million, respectively. in addition, 201cincome (loss) from discontinued operations, net of tax 201d for the same periods was a loss of $47 million, $37 million and $7 million, respectively. as of december 31, 2013, the net assets from our discontinued operations consisted of the following: december 31, 2013 (in thousands). - | as of december 31 2013 (in thousands) current assets from discontinued operations | $68239 noncurrent assets from discontinued operations | 9965 current liabilities from discontinued operations | -49471 (49471) long-term liabilities from discontinued operations | -19804 (19804) net assets from discontinued operations | $8929 . in 2013, what was the total expense related to discontinued operations? 7.0 and what was this total in 2012?

25.0

the future minimum lease commitments under these leases at december 31, 2010 are as follows (in thousands): years ending december 31:. 2011 | $62465 2012 | 54236 2013 | 47860 2014 | 37660 2015 | 28622 thereafter | 79800 future minimum lease payments | $310643 rental expense for operating leases was approximately $66.9 million, $57.2 million and $49.0 million during the years ended december 31, 2010, 2009 and 2008, respectively. in connection with the acquisitions of several businesses, we entered into agreements with several sellers of those businesses, some of whom became stockholders as a result of those acquisitions, for the lease of certain properties used in our operations. typical lease terms under these agreements include an initial term of five years, with three to five five-year renewal options and purchase options at various times throughout the lease periods. we also maintain the right of first refusal concerning the sale of the leased property. lease payments to an employee who became an officer of the company after the acquisition of his business were approximately $1.0 million, $0.9 million and $0.9 million during each of the years ended december 31, 2010, 2009 and 2008, respectively. we guarantee the residual values of the majority of our truck and equipment operating leases. the residual values decline over the lease terms to a defined percentage of original cost. in the event the lessor does not realize the residual value when a piece of equipment is sold, we would be responsible for a portion of the shortfall. similarly, if the lessor realizes more than the residual value when a piece of equipment is sold, we would be paid the amount realized over the residual value. had we terminated all of our operating leases subject to these guarantees at december 31, 2010, the guaranteed residual value would have totaled approximately $31.4 million. we have not recorded a liability for the guaranteed residual value of equipment under operating leases as the recovery on disposition of the equipment under the leases is expected to approximate the guaranteed residual value. litigation and related contingencies in december 2005 and may 2008, ford global technologies, llc filed complaints with the international trade commission against us and others alleging that certain aftermarket parts imported into the u.s. infringed on ford design patents. the parties settled these matters in april 2009 pursuant to a settlement arrangement that expires in september 2011. pursuant to the settlement, we (and our designees) became the sole distributor in the u.s. of aftermarket automotive parts that correspond to ford collision parts that are covered by a u.s. design patent. we have paid ford an upfront fee for these rights and will pay a royalty for each such part we sell. the amortization of the upfront fee and the royalty expenses are reflected in cost of goods sold on the accompanying consolidated statements of income. we also have certain other contingencies resulting from litigation, claims and other commitments and are subject to a variety of environmental and pollution control laws and regulations incident to the ordinary course of business. we currently expect that the resolution of such contingencies will not materially affect our financial position, results of operations or cash flows.. what was the net change in rental expense for operating leases from 2008 to 2009?

8.2

company has a contingent liability relating to proper disposition of these balances, which amounted to $1926.8 mil- lion at december 31, 2007. as a result of holding these customers 2019 assets in escrow, the company has ongoing programs for realizing economic benefits during the year through favorable borrowing and vendor arrangements with various banks. there were no loans outstanding as of december 31, 2007 and these balances were invested in short term, high grade investments that minimize the risk to principal. leases the company leases certain of its property under leases which expire at various dates. several of these agreements include escalation clauses and provide for purchases and renewal options for periods ranging from one to five years. future minimum operating lease payments for leases with remaining terms greater than one year for each of the years in the five years ending december 31, 2012, and thereafter in the aggregate, are as follows (in thousands):. 2008 | 83382 2009 | 63060 2010 | 35269 2011 | 21598 2012 | 14860 thereafter | 30869 total | $249038 in addition, the company has operating lease commitments relating to office equipment and computer hardware with annual lease payments of approximately $16.0 million per year which renew on a short-term basis. rent expense incurred under all operating leases during the years ended december 31, 2007, 2006 and 2005 was $106.4 million, $81.5 million and $61.1 million, respectively. data processing and maintenance services agreements. the company has agreements with various vendors, which expire between 2008 and 2017, for portions of its computer data processing operations and related functions. the company 2019s estimated aggregate contractual obligation remaining under these agreements was approximately $888.3 million as of december 31, 2007. however, this amount could be more or less depending on various factors such as the inflation rate, the introduction of significant new technologies, or changes in the company 2019s data processing needs. (17) employee benefit plans stock purchase plan prior to the certegy merger (note 6), fis employees participated in the fidelity national financial, inc. employee stock purchase plan (espp). subsequent to the certegy merger, the company instituted its own plan with the same terms as the fidelity national financial, inc. plan. under the terms of both plans and subsequent amendments, eligible employees may voluntarily purchase, at current market prices, shares of fnf 2019s (prior to the certegy merger) or fis 2019s (post certegy merger) common stock through payroll deductions. pursuant to the espp, employees may contribute an amount between 3% (3%) and 15% (15%) of their base salary and certain commissions. shares purchased are allocated to employees based upon their contributions. the company contributes varying matching amounts as specified in the espp. the company recorded an expense of $15.2 million, $13.1 million and $11.1 million, respectively, for the years ended december 31, 2007, 2006 and 2005 relating to the participation of fis employees in the espp. fidelity national information services, inc. and subsidiaries and affiliates notes to consolidated and combined financial statements 2014 (continued). what was the rent expense in 2007? 106.4 and what was it in 2006? 81.5 what was, then, the change over the year? 24.9 what was the rent expense in 2006? 81.5 and how much does that change represent in relation to this 2006 rent expense, in percentage?

0.30552

equity compensation plan information the following table presents the equity securities available for issuance under our equity compensation plans as of december 31, 2017. equity compensation plan information plan category number of securities to be issued upon exercise of outstanding options, warrants and rights (1) weighted-average exercise price of outstanding options, warrants and rights number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) (a) (b) (c) equity compensation plans approved by security holders 448859 $0.00 4087587 equity compensation plans not approved by security holders (2) 2014 2014 2014. plan category | number of securities to be issued upon exercise of outstanding options warrants and rights (1) (a) (b) | weighted-average exercise price of outstanding optionswarrants and rights | number of securities remaining available for future issuance under equity compensation plans (excluding securitiesreflected in column (a)) (c) equity compensation plans approved by security holders | 448859 | $0.00 | 4087587 equity compensation plans not approved by security holders (2) | 2014 | 2014 | 2014 total | 448859 | $0.00 | 4087587 (1) includes grants made under the huntington ingalls industries, inc. 2012 long-term incentive stock plan (the "2012 plan"), which was approved by our stockholders on may 2, 2012, and the huntington ingalls industries, inc. 2011 long-term incentive stock plan (the "2011 plan"), which was approved by the sole stockholder of hii prior to its spin-off from northrop grumman corporation. of these shares, 27123 were stock rights granted under the 2011 plan. in addition, this number includes 28763 stock rights, 3075 restricted stock rights, and 389898 restricted performance stock rights granted under the 2012 plan, assuming target performance achievement. (2) there are no awards made under plans not approved by security holders. item 13. certain relationships and related transactions, and director independence information as to certain relationships and related transactions and director independence will be incorporated herein by reference to the proxy statement for our 2018 annual meeting of stockholders, to be filed within 120 days after the end of the company 2019s fiscal year. item 14. principal accountant fees and services information as to principal accountant fees and services will be incorporated herein by reference to the proxy statement for our 2018 annual meeting of stockholders, to be filed within 120 days after the end of the company 2019s fiscal year.. what is the number of securities to be issued upon exercise of outstanding options warrants and rights under equity compensation plans approved by security holders?

448859.0

credit facility, which was amended in 2013 and 2012. in march 2014, the company 2019s credit facility was further amended to extend the maturity date to march 2019. the amount of the aggregate commitment is $3.990 billion (the 201c2014 credit facility 201d). the 2014 credit facility permits the company to request up to an additional $1.0 billion of borrowing capacity, subject to lender credit approval, increasing the overall size of the 2014 credit facility to an aggregate principal amount not to exceed $4.990 billion. interest on borrowings outstanding accrues at a rate based on the applicable london interbank offered rate plus a spread. the 2014 credit facility requires the company not to exceed a maximum leverage ratio (ratio of net debt to earnings before interest, taxes, depreciation and amortization, where net debt equals total debt less unrestricted cash) of 3 to 1, which was satisfied with a ratio of less than 1 to 1 at december 31, 2014. the 2014 credit facility provides back-up liquidity, funds ongoing working capital for general corporate purposes and funds various investment opportunities. at december 31, 2014, the company had no amount outstanding under the 2014 credit facility. commercial paper program. on october 14, 2009, blackrock established a commercial paper program (the 201ccp program 201d) under which the company could issue unsecured commercial paper notes (the 201ccp notes 201d) on a private placement basis up to a maximum aggregate amount outstanding at any time of $3.0 billion. blackrock increased the maximum aggregate amount that could be borrowed under the cp program to $3.5 billion in 2011 and to $3.785 billion in 2012. in april 2013, blackrock increased the maximum aggregate amount for which the company could issue unsecured cp notes on a private-placement basis up to a maximum aggregate amount outstanding at any time of $3.990 billion. the cp program is currently supported by the 2014 credit facility. at december 31, 2014, blackrock had no cp notes outstanding. long-term borrowings the carrying value and fair value of long-term borrowings estimated using market prices at december 31, 2014 included the following: (in millions) maturity amount unamortized discount carrying value fair value. (in millions) | maturity amount | unamortized discount | carrying value | fair value 1.375% (1.375%) notes due 2015 | $750 | $2014 | $750 | $753 6.25% (6.25%) notes due 2017 | 700 | -1 (1) | 699 | 785 5.00% (5.00%) notes due 2019 | 1000 | -2 (2) | 998 | 1134 4.25% (4.25%) notes due 2021 | 750 | -3 (3) | 747 | 825 3.375% (3.375%) notes due 2022 | 750 | -3 (3) | 747 | 783 3.50% (3.50%) notes due 2024 | 1000 | -3 (3) | 997 | 1029 total long-term borrowings | $4950 | $-12 (12) | $4938 | $5309 long-term borrowings at december 31, 2013 had a carrying value of $4.939 billion and a fair value of $5.284 billion determined using market prices at the end of december 2013. 2024 notes. in march 2014, the company issued $1.0 billion in aggregate principal amount of 3.50% (3.50%) senior unsecured and unsubordinated notes maturing on march 18, 2024 (the 201c2024 notes 201d). the net proceeds of the 2024 notes were used to refinance certain indebtedness which matured in the fourth quarter of 2014. interest is payable semi-annually in arrears on march 18 and september 18 of each year, or approximately $35 million per year. the 2024 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price. the 2024 notes were issued at a discount of $3 million that is being amortized over the term of the notes. the company incurred approximately $6 million of debt issuance costs, which are being amortized over the term of the 2024 notes. at december 31, 2014, $6 million of unamortized debt issuance costs was included in other assets on the consolidated statement of financial condition. 2015 and 2022 notes. in may 2012, the company issued $1.5 billion in aggregate principal amount of unsecured unsubordinated obligations. these notes were issued as two separate series of senior debt securities, including $750 million of 1.375% (1.375%) notes maturing in june 2015 (the 201c2015 notes 201d) and $750 million of 3.375% (3.375%) notes maturing in june 2022 (the 201c2022 notes 201d). net proceeds were used to fund the repurchase of blackrock 2019s common stock and series b preferred from barclays and affiliates and for general corporate purposes. interest on the 2015 notes and the 2022 notes of approximately $10 million and $25 million per year, respectively, is payable semi-annually on june 1 and december 1 of each year, which commenced december 1, 2012. the 2015 notes and 2022 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price. the 201cmake-whole 201d redemption price represents a price, subject to the specific terms of the 2015 and 2022 notes and related indenture, that is the greater of (a) par value and (b) the present value of future payments that will not be paid because of an early redemption, which is discounted at a fixed spread over a comparable treasury security. the 2015 notes and 2022 notes were issued at a discount of $5 million that is being amortized over the term of the notes. the company incurred approximately $7 million of debt issuance costs, which are being amortized over the respective terms of the 2015 notes and 2022 notes. at december 31, 2014, $4 million of unamortized debt issuance costs was included in other assets on the consolidated statement of financial condition. 2021 notes. in may 2011, the company issued $1.5 billion in aggregate principal amount of unsecured unsubordinated obligations. these notes were issued as two separate series of senior debt securities, including $750 million of 4.25% (4.25%) notes maturing in may 2021 and $750 million of floating rate notes (201c2013 floating rate notes 201d), which were repaid in may 2013 at maturity. net proceeds of this offering were used to fund the repurchase of blackrock 2019s series b preferred from affiliates of merrill lynch & co., inc. (201cmerrill lynch 201d). interest. what is the fair value of notes due in 2015 plus those due 2017? 1538.0 what is the fair value of those due 2019?

1134.0

stockholder return performance graphs the following graph compares the cumulative 5-year total stockholder return on our common stock relative to the cumulative total return of the nasdaq composite index and the s&p 400 information technology index. the graph assumes that the value of the investment in our common stock and in each index (including reinvestment of dividends) was $100 on december 29, 2007 and tracks it through december 29, 2012. comparison of 5 year cumulative total return* among cadence design systems, inc., the nasdaq composite index, and s&p 400 information technology cadence design systems, inc. nasdaq composite s&p 400 information technology 12/29/1212/31/111/1/111/2/101/3/0912/29/07 *$100 invested on 12/29/07 in stock or 12/31/07 in index, including reinvestment of dividends. indexes calculated on month-end basis. copyright a9 2013 s&p, a division of the mcgraw-hill companies inc. all rights reserved.. - | 12/29/2007 | 1/3/2009 | 1/2/2010 | 1/1/2011 | 12/31/2011 | 12/29/2012 cadence design systems inc. | 100.00 | 22.55 | 35.17 | 48.50 | 61.07 | 78.92 nasdaq composite | 100.00 | 59.03 | 82.25 | 97.32 | 98.63 | 110.78 s&p 400 information technology | 100.00 | 54.60 | 82.76 | 108.11 | 95.48 | 109.88 the stock price performance included in this graph is not necessarily indicative of future stock price performance. what is the value of an investment in cadence design systems inc. in 2012? 78.92 what is the net change in value? -21.08 what rate of return does this represent?

-0.2108

purchase commitments the company has entered into various purchase agreements for minimum amounts of pulpwood processing and energy over periods ranging from one to twenty years at fixed prices. total purchase commitments are as follows:. - | (in thousands) 2010 | $6951 2011 | 5942 2012 | 3659 2013 | 1486 2014 | 1486 thereafter | 25048 total | $44572 these purchase agreements are not marked to market. the company purchased $37.3 million, $29.4 million, and $14.5 million during the years ended december 31, 2009, 2008 and 2007, respectively, under these purchase agreements. litigation pca is a party to various legal actions arising in the ordinary course of business. these legal actions cover a broad variety of claims spanning our entire business. as of the date of this filing, the company believes it is not reasonably possible that the resolution of these legal actions will, individually or in the aggregate, have a material adverse effect on its financial position, results of operations, or cash flows. environmental liabilities the potential costs for various environmental matters are uncertain due to such factors as the unknown magnitude of possible cleanup costs, the complexity and evolving nature of governmental laws and regulations and their interpretations, and the timing, varying costs and effectiveness of alternative cleanup technologies. from 1994 through 2009, remediation costs at the company 2019s mills and corrugated plants totaled approximately $3.2 million. as of december 31, 2009, the company maintained an environmental reserve of $9.1 million relating to on-site landfills (see note 13) and surface impoundments as well as ongoing and anticipated remedial projects. liabilities recorded for environmental contingencies are estimates of the probable costs based upon available information and assumptions. because of these uncertainties, pca 2019s estimates may change. as of the date of this filing, the company believes that it is not reasonably possible that future environmental expenditures and asset retirement obligations above the $9.1 million accrued as of december 31, 2009, will have a material impact on its financial condition, results of operations, or cash flows. in connection with the sale to pca of its containerboard and corrugated products business, pactiv agreed to retain all liability for all former facilities and all sites associated with pre-closing off-site waste disposal and all environmental liabilities related to a closed landfill located near the company 2019s filer city mill. 13. asset retirement obligations asset retirement obligations consist primarily of landfill capping and closure and post-closure costs. pca is legally required to perform capping and closure and post-closure care on the landfills at each of the company 2019s mills. in accordance with asc 410, 201c asset retirement and environmental obligations, 201d pca recognizes the fair value of these liabilities as an asset retirement obligation for each landfill and capitalizes packaging corporation of america notes to consolidated financial statements (continued) december 31, 2009. what was, in thousands, the total of purchase commitments in the years of 2010 and 2011, combined?

12893.0

the table below reflects the estimated effects on pension expense of certain changes in annual assumptions, using 2012 estimated expense as a baseline. change in assumption (a) estimated increase to 2012 pension expense (in millions). change in assumption (a) | estimatedincrease to 2012pensionexpense (in millions) .5% (.5%) decrease in discount rate | $23 .5% (.5%) decrease in expected long-term return on assets | $18 .5% (.5%) increase in compensation rate | $2 (a) the impact is the effect of changing the specified assumption while holding all other assumptions constant. our pension plan contribution requirements are not particularly sensitive to actuarial assumptions. investment performance has the most impact on contribution requirements and will drive the amount of permitted contributions in future years. also, current law, including the provisions of the pension protection act of 2006, sets limits as to both minimum and maximum contributions to the plan. we do not expect to be required by law to make any contributions to the plan during 2012. we maintain other defined benefit plans that have a less significant effect on financial results, including various nonqualified supplemental retirement plans for certain employees. recourse and repurchase obligations as discussed in note 3 loan sale and servicing activities and variable interest entities in the notes to consolidated financial statements in item 8 of this report, pnc has sold commercial mortgage and residential mortgage loans directly or indirectly in securitizations and whole-loan sale transactions with continuing involvement. one form of continuing involvement includes certain recourse and loan repurchase obligations associated with the transferred assets in these transactions. commercial mortgage loan recourse obligations we originate, close, and service certain multi-family commercial mortgage loans which are sold to fnma under fnma 2019s delegated underwriting and servicing (dus) program. we participated in a similar program with the fhlmc. under these programs, we generally assume up to a one-third pari passu risk of loss on unpaid principal balances through a loss share arrangement. at december 31, 2011 and december 31, 2010, the unpaid principal balance outstanding of loans sold as a participant in these programs was $13.0 billion and $13.2 billion, respectively. the potential maximum exposure under the loss share arrangements was $4.0 billion at both december 31, 2011 and december 31, 2010. we maintain a reserve for estimated losses based on our exposure. the reserve for losses under these programs totaled $47 million and $54 million as of december 31, 2011 and december 31, 2010, respectively, and is included in other liabilities on our consolidated balance sheet. if payment is required under these programs, we would not have a contractual interest in the collateral underlying the mortgage loans on which losses occurred, although the value of the collateral is taken into account in determining our share of such losses. our exposure and activity associated with these recourse obligations are reported in the corporate & institutional banking segment. residential mortgage loan and home equity repurchase obligations while residential mortgage loans are sold on a non-recourse basis, we assume certain loan repurchase obligations associated with mortgage loans we have sold to investors. these loan repurchase obligations primarily relate to situations where pnc is alleged to have breached certain origination covenants and representations and warranties made to purchasers of the loans in the respective purchase and sale agreements. residential mortgage loans covered by these loan repurchase obligations include first and second-lien mortgage loans we have sold through agency securitizations, non-agency securitizations, and whole-loan sale transactions. as discussed in note 3 in the notes to consolidated financial statements in item 8 of this report, agency securitizations consist of mortgage loans sale transactions with fnma, fhlmc, and the government national mortgage association (gnma) program, while non-agency securitizations and whole-loan sale transactions consist of mortgage loans sale transactions with private investors. our historical exposure and activity associated with agency securitization repurchase obligations has primarily been related to transactions with fnma and fhlmc, as indemnification and repurchase losses associated with federal housing agency (fha) and department of veterans affairs (va) -insured and uninsured loans pooled in gnma securitizations historically have been minimal. repurchase obligation activity associated with residential mortgages is reported in the residential mortgage banking segment. pnc 2019s repurchase obligations also include certain brokered home equity loans/lines that were sold to a limited number of private investors in the financial services industry by national city prior to our acquisition. pnc is no longer engaged in the brokered home equity lending business, and our exposure under these loan repurchase obligations is limited to repurchases of the whole-loans sold in these transactions. repurchase activity associated with brokered home equity lines/loans are reported in the non-strategic assets portfolio segment. loan covenants and representations and warranties are established through loan sale agreements with various investors to provide assurance that pnc has sold loans to the pnc financial services group, inc. 2013 form 10-k 69. what was the unpaid principal balance outstanding of loans sold as a participant in these programs in 2011, in billions? 13.0 and what was it in 2010, also in billions?

13.2

oneok partners 2019 commodity price risk is estimated as a hypothetical change in the price of ngls, crude oil and natural gas at december 31, 2008, excluding the effects of hedging and assuming normal operating conditions. oneok partners 2019 condensate sales are based on the price of crude oil. oneok partners estimates the following: 2022 a $0.01 per gallon decrease in the composite price of ngls would decrease annual net margin by approximately $1.2 million; 2022 a $1.00 per barrel decrease in the price of crude oil would decrease annual net margin by approximately $1.0 million; and 2022 a $0.10 per mmbtu decrease in the price of natural gas would decrease annual net margin by approximately $0.6 million. the above estimates of commodity price risk do not include any effects on demand for its services that might be caused by, or arise in conjunction with, price changes. for example, a change in the gross processing spread may cause a change in the amount of ethane extracted from the natural gas stream, impacting gathering and processing margins, ngl exchange revenues, natural gas deliveries, and ngl volumes shipped and fractionated. oneok partners is also exposed to commodity price risk primarily as a result of ngls in storage, the relative values of the various ngl products to each other, the relative value of ngls to natural gas and the relative value of ngl purchases at one location and sales at another location, known as basis risk. oneok partners utilizes fixed-price physical forward contracts to reduce earnings volatility related to ngl price fluctuations. oneok partners has not entered into any financial instruments with respect to its ngl marketing activities. in addition, oneok partners is exposed to commodity price risk as its natural gas interstate and intrastate pipelines collect natural gas from its customers for operations or as part of its fee for services provided. when the amount of natural gas consumed in operations by these pipelines differs from the amount provided by its customers, the pipelines must buy or sell natural gas, or store or use natural gas from inventory, which exposes oneok partners to commodity price risk. at december 31, 2008, there were no hedges in place with respect to natural gas price risk from oneok partners 2019 natural gas pipeline business. distribution our distribution segment uses derivative instruments to hedge the cost of anticipated natural gas purchases during the winter heating months to protect their customers from upward volatility in the market price of natural gas. gains or losses associated with these derivative instruments are included in, and recoverable through, the monthly purchased gas cost mechanism. energy services our energy services segment is exposed to commodity price risk, basis risk and price volatility arising from natural gas in storage, requirement contracts, asset management contracts and index-based purchases and sales of natural gas at various market locations. we minimize the volatility of our exposure to commodity price risk through the use of derivative instruments, which, under certain circumstances, are designated as cash flow or fair value hedges. we are also exposed to commodity price risk from fixed-price purchases and sales of natural gas, which we hedge with derivative instruments. both the fixed-price purchases and sales and related derivatives are recorded at fair value. fair value component of the energy marketing and risk management assets and liabilities - the following table sets forth the fair value component of the energy marketing and risk management assets and liabilities, excluding $21.0 million of net liabilities from derivative instruments declared as either fair value or cash flow hedges.. - | (thousands of dollars) net fair value of derivatives outstanding at december 31 2007 | $25171 derivatives reclassified or otherwise settled during the period | -55874 (55874) fair value of new derivatives entered into during the period | 236772 other changes in fair value | 52731 net fair value of derivatives outstanding at december 31 2008 (a) | $258800 (a) - the maturiti es of derivatives are based on inject ion and withdrawal periods from april through m arc h, which is consistent with our business s trategy. the maturities are as fol lows: $225.0 mi llion matures through march 2009, $33.9 mi llion matures through march 2012 and $(0.1) mil lion matures through march 2014. fair v alue com ponent of energy m arketing and risk m anagement assets and liabili ti es. what was the net change in the fair value of derivatives outstanding from 2007 to 2008? 233629.0 what was the value in 2007?

25171.0

the aes corporation notes to consolidated financial statements 2014 (continued) december 31, 2017, 2016, and 2015 on december 8, 2017, the board of directors declared a quarterly common stock dividend of $0.13 per share payable on february 15, 2018 to shareholders of record at the close of business on february 1, 2018. stock repurchase program 2014 no shares were repurchased in 2017. the cumulative repurchases from the commencement of the program in july 2010 through december 31, 2017 totaled 154.3 million shares for a total cost of $1.9 billion, at an average price per share of $12.12 (including a nominal amount of commissions). as of december 31, 2017, $246 million remained available for repurchase under the program. the common stock repurchased has been classified as treasury stock and accounted for using the cost method. a total of 155924785 and 156878891 shares were held as treasury stock at december 31, 2017 and 2016, respectively. restricted stock units under the company's employee benefit plans are issued from treasury stock. the company has not retired any common stock repurchased since it began the program in july 2010. 15. segments and geographic information the segment reporting structure uses the company's organizational structure as its foundation to reflect how the company manages the businesses internally and is organized by geographic regions which provides a socio- political-economic understanding of our business. during the third quarter of 2017, the europe and asia sbus were merged in order to leverage scale and are now reported as part of the eurasia sbu. the management reporting structure is organized by five sbus led by our president and chief executive officer: us, andes, brazil, mcac and eurasia sbus. the company determined that it has five operating and five reportable segments corresponding to its sbus. all prior period results have been retrospectively revised to reflect the new segment reporting structure. in february 2018, we announced a reorganization as a part of our ongoing strategy to simplify our portfolio, optimize our cost structure, and reduce our carbon intensity. the company is currently evaluating the impact this reorganization will have on our segment reporting structure. corporate and other 2014 corporate overhead costs which are not directly associated with the operations of our five reportable segments are included in "corporate and other." also included are certain intercompany charges such as self-insurance premiums which are fully eliminated in consolidation. the company uses adjusted ptc as its primary segment performance measure. adjusted ptc, a non-gaap measure, is defined by the company as pre-tax income from continuing operations attributable to the aes corporation excluding gains or losses of the consolidated entity due to (a) unrealized gains or losses related to derivative transactions; (b) unrealized foreign currency gains or losses; (c) gains, losses and associated benefits and costs due to dispositions and acquisitions of business interests, including early plant closures; (d) losses due to impairments; (e) gains, losses and costs due to the early retirement of debt; and (f) costs directly associated with a major restructuring program, including, but not limited to, workforce reduction efforts, relocations, and office consolidation. adjusted ptc also includes net equity in earnings of affiliates on an after-tax basis adjusted for the same gains or losses excluded from consolidated entities. the company has concluded adjusted ptc better reflects the underlying business performance of the company and is the most relevant measure considered in the company's internal evaluation of the financial performance of its segments. additionally, given its large number of businesses and complexity, the company concluded that adjusted ptc is a more transparent measure that better assists investors in determining which businesses have the greatest impact on the company's results. revenue and adjusted ptc are presented before inter-segment eliminations, which includes the effect of intercompany transactions with other segments except for interest, charges for certain management fees, and the write-off of intercompany balances, as applicable. all intra-segment activity has been eliminated within the segment. inter-segment activity has been eliminated within the total consolidated results. the following tables present financial information by segment for the periods indicated (in millions):. year ended december 31, | total revenue 2017 | total revenue 2016 | total revenue 2015 us sbu | $3229 | $3429 | $3593 andes sbu | 2710 | 2506 | 2489 brazil sbu | 542 | 450 | 962 mcac sbu | 2448 | 2172 | 2353 eurasia sbu | 1590 | 1670 | 1875 corporate and other | 35 | 77 | 31 eliminations | -24 (24) | -23 (23) | -43 (43) total revenue | $10530 | $10281 | $11260 . what was the total net revenue in 2017, in millions?

10530.0

management 2019s discussion and analysis 78 jpmorgan chase & co./2018 form 10-k treasury and cio overview treasury and cio is predominantly responsible for measuring, monitoring, reporting and managing the firm 2019s liquidity, funding, capital, structural interest rate and foreign exchange risks. the risks managed by treasury and cio arise from the activities undertaken by the firm 2019s four major reportable business segments to serve their respective client bases, which generate both on- and off- balance sheet assets and liabilities. treasury and cio seek to achieve the firm 2019s asset-liability management objectives generally by investing in high- quality securities that are managed for the longer-term as part of the firm 2019s investment securities portfolio. treasury and cio also use derivatives to meet the firm 2019s asset- liability management objectives. for further information on derivatives, refer to note 5. in addition, treasury and cio manage the firm 2019s cash position primarily through depositing at central banks and investing in short-term instruments. for further information on liquidity and funding risk, refer to liquidity risk management on pages 95 2013100. for information on interest rate, foreign exchange and other risks, refer to market risk management on pages 124 2013131. the investment securities portfolio primarily consists of agency and nonagency mortgage-backed securities, u.s. and non-u.s. government securities, obligations of u.s. states and municipalities, other abs and corporate debt securities. at december 31, 2018, the investment securities portfolio was $260.1 billion, and the average credit rating of the securities comprising the portfolio was aa+ (based upon external ratings where available and, where not available, based primarily upon internal ratings that correspond to ratings as defined by s&p and moody 2019s). refer to note 10 for further information on the firm 2019s investment securities portfolio. selected income statement and balance sheet data as of or for the year ended december 31, (in millions) 2018 2017 2016 investment securities gains/ (losses) $(395) $(78) $132 available-for-sale (201cafs 201d) investment securities (average) 203449 219345 226892 held-to-maturity (201chtm 201d) investment securities (average) 31747 47927 51358 investment securities portfolio (average) 235197 267272 278250 afs investment securities (period-end) 228681 200247 236670 htm investment securities (period-end) 31434 47733 50168 investment securities portfolio (period 2013end) 260115 247980 286838 as permitted by the new hedge accounting guidance, the firm elected to transfer certain investment securities from htm to afs in the first quarter of 2018. for additional information, refer to notes 1 and 10.. as of or for the year ended december 31 (in millions) | 2018 | 2017 | 2016 investment securities gains/ (losses) | $-395 (395) | $-78 (78) | $132 available-for-sale (201cafs 201d) investment securities (average) | 203449 | 219345 | 226892 held-to-maturity (201chtm 201d) investment securities (average) | 31747 | 47927 | 51358 investment securities portfolio (average) | 235197 | 267272 | 278250 afs investment securities (period-end) | 228681 | 200247 | 236670 htm investment securities (period-end) | 31434 | 47733 | 50168 investment securities portfolio (period 2013end) | 260115 | 247980 | 286838 management 2019s discussion and analysis 78 jpmorgan chase & co./2018 form 10-k treasury and cio overview treasury and cio is predominantly responsible for measuring, monitoring, reporting and managing the firm 2019s liquidity, funding, capital, structural interest rate and foreign exchange risks. the risks managed by treasury and cio arise from the activities undertaken by the firm 2019s four major reportable business segments to serve their respective client bases, which generate both on- and off- balance sheet assets and liabilities. treasury and cio seek to achieve the firm 2019s asset-liability management objectives generally by investing in high- quality securities that are managed for the longer-term as part of the firm 2019s investment securities portfolio. treasury and cio also use derivatives to meet the firm 2019s asset- liability management objectives. for further information on derivatives, refer to note 5. in addition, treasury and cio manage the firm 2019s cash position primarily through depositing at central banks and investing in short-term instruments. for further information on liquidity and funding risk, refer to liquidity risk management on pages 95 2013100. for information on interest rate, foreign exchange and other risks, refer to market risk management on pages 124 2013131. the investment securities portfolio primarily consists of agency and nonagency mortgage-backed securities, u.s. and non-u.s. government securities, obligations of u.s. states and municipalities, other abs and corporate debt securities. at december 31, 2018, the investment securities portfolio was $260.1 billion, and the average credit rating of the securities comprising the portfolio was aa+ (based upon external ratings where available and, where not available, based primarily upon internal ratings that correspond to ratings as defined by s&p and moody 2019s). refer to note 10 for further information on the firm 2019s investment securities portfolio. selected income statement and balance sheet data as of or for the year ended december 31, (in millions) 2018 2017 2016 investment securities gains/ (losses) $(395) $(78) $132 available-for-sale (201cafs 201d) investment securities (average) 203449 219345 226892 held-to-maturity (201chtm 201d) investment securities (average) 31747 47927 51358 investment securities portfolio (average) 235197 267272 278250 afs investment securities (period-end) 228681 200247 236670 htm investment securities (period-end) 31434 47733 50168 investment securities portfolio (period 2013end) 260115 247980 286838 as permitted by the new hedge accounting guidance, the firm elected to transfer certain investment securities from htm to afs in the first quarter of 2018. for additional information, refer to notes 1 and 10.. what is the value of the afs investment securities in 2018? 228681.0 what is the value in 2017? 200247.0 what is the sum? 428928.0 what is the value of the afs investment securities in 2016?

236670.0

the goldman sachs group, inc. and subsidiaries notes to consolidated financial statements in the tables above: 2030 the gross fair values exclude the effects of both counterparty netting and collateral netting, and therefore are not representative of the firm 2019s exposure. 2030 counterparty netting is reflected in each level to the extent that receivable and payable balances are netted within the same level and is included in counterparty netting in levels. where the counterparty netting is across levels, the netting is included in cross-level counterparty netting. 2030 derivative assets are shown as positive amounts and derivative liabilities are shown as negative amounts. significant unobservable inputs the table below presents the amount of level 3 assets (liabilities), and ranges, averages and medians of significant unobservable inputs used to value the firm 2019s level 3 derivatives. level 3 assets (liabilities) and range of significant unobservable inputs (average/median) as of december $in millions 2017 2016. $in millions | level 3 assets (liabilities) and range of significant unobservable inputs (average/median) as of december 2017 | level 3 assets (liabilities) and range of significant unobservable inputs (average/median) as of december 2016 interest rates net | $-410 (410) | $-381 (381) correlation | (10)% (%) to 95% (95%) (71%/79% (71%/79%)) | (10)% (%) to 86% (86%) (56%/60% (56%/60%)) volatility (bps) | 31 to 150 (84/78) | 31 to 151 (84/57) credit net | $1505 | $2504 correlation | 28% (28%) to 84% (84%) (61%/60% (61%/60%)) | 35% (35%) to 91% (91%) (65%/68% (65%/68%)) credit spreads (bps) | 1 to 633 (69/42) | 1 to 993 (122/73) upfront credit points | 0 to 97 (42/38) | 0 to 100 (43/35) recovery rates | 22% (22%) to 73% (73%) (68%/73% (68%/73%)) | 1% (1%) to 97% (97%) (58%/70% (58%/70%)) currencies net | $-181 (181) | $3 correlation | 49% (49%) to 72% (72%) (61%/62% (61%/62%)) | 25% (25%) to 70% (70%) (50%/55% (50%/55%)) commodities net | $47 | $73 volatility | 9% (9%) to 79% (79%) (24%/24% (24%/24%)) | 13% (13%) to 68% (68%) (33%/33% (33%/33%)) natural gas spread | $(2.38) to $3.34 ($(0.22) /$(0.12)) | $(1.81) to $4.33 ($(0.14) /$(0.05)) oil spread | $(2.86) to $23.61 ($6.47/$2.35) | $(19.72) to $64.92 ($25.30/$16.43) equities net | $-1249 (1249) | $-3416 (3416) correlation | (36)% (%) to 94% (94%) (50%/52% (50%/52%)) | (39)% (%) to 88% (88%) (41%/41% (41%/41%)) volatility | 4% (4%) to 72% (72%) (24%/22% (24%/22%)) | 5% (5%) to 72% (72%) (24%/23% (24%/23%)) in the table above: 2030 derivative assets are shown as positive amounts and derivative liabilities are shown as negative amounts. 2030 ranges represent the significant unobservable inputs that were used in the valuation of each type of derivative. 2030 averages represent the arithmetic average of the inputs and are not weighted by the relative fair value or notional of the respective financial instruments. an average greater than the median indicates that the majority of inputs are below the average. for example, the difference between the average and the median for credit spreads and oil spread inputs indicates that the majority of the inputs fall in the lower end of the range. 2030 the ranges, averages and medians of these inputs are not representative of the appropriate inputs to use when calculating the fair value of any one derivative. for example, the highest correlation for interest rate derivatives is appropriate for valuing a specific interest rate derivative but may not be appropriate for valuing any other interest rate derivative. accordingly, the ranges of inputs do not represent uncertainty in, or possible ranges of, fair value measurements of the firm 2019s level 3 derivatives. 2030 interest rates, currencies and equities derivatives are valued using option pricing models, credit derivatives are valued using option pricing, correlation and discounted cash flow models, and commodities derivatives are valued using option pricing and discounted cash flow models. 2030 the fair value of any one instrument may be determined using multiple valuation techniques. for example, option pricing models and discounted cash flows models are typically used together to determine fair value. therefore, the level 3 balance encompasses both of these techniques. 2030 correlation within currencies and equities includes cross- product type correlation. 2030 natural gas spread represents the spread per million british thermal units of natural gas. 2030 oil spread represents the spread per barrel of oil and refined products. range of significant unobservable inputs the following is information about the ranges of significant unobservable inputs used to value the firm 2019s level 3 derivative instruments: 2030 correlation. ranges for correlation cover a variety of underliers both within one product type (e.g., equity index and equity single stock names) and across product types (e.g., correlation of an interest rate and a currency), as well as across regions. generally, cross-product type correlation inputs are used to value more complex instruments and are lower than correlation inputs on assets within the same derivative product type. 2030 volatility. ranges for volatility cover numerous underliers across a variety of markets, maturities and strike prices. for example, volatility of equity indices is generally lower than volatility of single stocks. 2030 credit spreads, upfront credit points and recovery rates. the ranges for credit spreads, upfront credit points and recovery rates cover a variety of underliers (index and single names), regions, sectors, maturities and credit qualities (high-yield and investment-grade). the broad range of this population gives rise to the width of the ranges of significant unobservable inputs. 130 goldman sachs 2017 form 10-k. between 2016 and 2017, what was the variation in the credit net? -999.0 and what was that credit net in 2016?

2504.0

table of contents item 7 2013 management 2019s discussion and analysis of financial condition and results of operations liquidity and capital resources we recorded net earnings of $35.4 million or $1.18 per share in 2004, compared with $52.2 million or $1.76 per share recorded in 2003 and $51.3 million or $1.86 per share in 2002. net earnings recorded in 2004 were negatively impacted by cost increases to steel and freight, as well as manufacturing inefficiencies during the first nine months of the year in our ashland city plant and higher selling, general and administrative expense (sg&a). while net earnings were flat in 2003 compared with 2002, the lower earnings per share amount in 2003 as compared with 2002 reflected the full-year impact of our stock offering in may 2002. our individual segment performance will be discussed later in this section. our working capital, excluding short-term debt, was $339.8 million at december 31, 2004, compared with $305.9 million and $225.1 million at december 31, 2003, and december 31, 2002, respectively. the $33.9 million increase in 2004 reflects $44.9 million higher receivable balances due to longer payment terms experienced by both of our businesses as well as higher sales levels in the fourth quarter. offsetting the increase in receivable balances were $13.5 million lower inventory levels split about equally between water systems and electrical products and $14.3 million higher accounts payable balances. the $80.8 million increase in 2003 reflects $46.6 million higher inventory balances due primarily to extensive manufacturing repositioning in our electric motor business and several new product introductions and manufacturing consolidation in our water systems business. additionally, receivable balances were $21.2 million higher due to price increases associated with new product introductions in our water systems business and an increase in international sales, which tend to have longer payment terms. finally, a $13.1 million increase in accounts payable balances was largely offset by $9.4 million in restructuring expenses paid out in 2003. reducing working capital is one of our major initiatives in 2005. cash provided by operating activities during 2004 was $67.2 million compared with $29.0 million during 2003 and $116.0 million during 2002. despite lower earnings in 2004, a smaller investment in working capital explains the majority of the improvement in cash flow compared with 2003. the higher investment in working capital in 2003 (as discussed above), explains the majority of the difference between 2003 and our capital expenditures were $48.5 million in 2004, essentially the same as in 2003 and approximately $2.2 million higher than in 2002. the increase in 2003 was associated with new product launches in our water systems business. we are projecting 2005 capital expenditures to be approximately $55 million, essentially the same as our projected 2005 depreciation expense. we believe that our present facilities and planned capital expenditures are sufficient to provide adequate capacity for our operations in 2005. in june 2004, we completed a $265 million, five-year revolving credit facility with a group of eight banks. the new facility expires on june 10, 2009, and it replaced a $250 million credit facility which expired on august 2, 2004, and was terminated on june 10, 2004. the new facility backs up commercial paper and credit line borrowings. as a result of the long-term nature of this facility, the commercial paper and credit line borrowings are now classified as long-term debt. at december 31, 2004, we had available borrowing capacity of $153.9 million under this facility. we believe that the combination of available borrowing capacity and operating cash flow will provide sufficient funds to finance our existing operations for the foreseeable future. to take advantage of historically low long-term borrowing rates, we issued $50.0 million in senior notes with two insurance companies in june 2003. the notes range in maturity between 2013 and 2016 and carry a weighted average interest rate of slightly less than 4.5 percent. the proceeds of the notes were used to repay commercial paper and borrowing under the credit facility. our leverage, as measured by the ratio of total debt to total capitalization, was 32 percent at the end of 2004 and the end of 2003. aggregate contractual obligations a summary of our contractual obligations as of december 31, 2004, is as follows:. (dollars in millions) contractual obligation | (dollars in millions) total | (dollars in millions) less than 1 year | (dollars in millions) 1 - 3 years | (dollars in millions) 3 - 5 years | more than 5 years long-term debt | $275.1 | $8.6 | $13.8 | $138.2 | $114.5 capital leases | 6.0 | 2014 | 2014 | 6.0 | 2014 operating leases | 62.9 | 14.4 | 20.7 | 11.6 | 16.2 purchase obligations | 177.3 | 176.6 | 0.7 | 2014 | 2014 total | $521.3 | $199.6 | $35.2 | $155.8 | $130.7 . as of december 31, 2004, what percentage of the total of aggregate contractual obligations was due to long-term debt?

275.1

entergy corporation and subsidiaries management's financial discussion and analysis the decrease in interest income in 2002 was primarily due to: fffd interest recognized in 2001 on grand gulf 1's decommissioning trust funds resulting from the final order addressing system energy's rate proceeding; fffd interest recognized in 2001 at entergy mississippi and entergy new orleans on the deferred system energy costs that were not being recovered through rates; and fffd lower interest earned on declining deferred fuel balances. the decrease in interest charges in 2002 is primarily due to: fffd a decrease of $31.9 million in interest on long-term debt primarily due to the retirement of long-term debt in late 2001 and early 2002; and fffd a decrease of $76.0 million in other interest expense primarily due to interest recorded on system energy's reserve for rate refund in 2001. the refund was made in december 2001. 2001 compared to 2000 results for the year ended december 31, 2001 for u.s. utility were also affected by an increase in interest charges of $61.5 million primarily due to: fffd the final ferc order addressing the 1995 system energy rate filing; fffd debt issued at entergy arkansas in july 2001, at entergy gulf states in june 2000 and august 2001, at entergy mississippi in january 2001, and at entergy new orleans in july 2000 and february 2001; and fffd borrowings under credit facilities during 2001, primarily at entergy arkansas. non-utility nuclear the increase in earnings in 2002 for non-utility nuclear from $128 million to $201 million was primarily due to the operation of indian point 2 and vermont yankee, which were purchased in september 2001 and july 2002, respectively. the increase in earnings in 2001 for non-utility nuclear from $49 million to $128 million was primarily due to the operation of fitzpatrick and indian point 3 for a full year, as each was purchased in november 2000, and the operation of indian point 2, which was purchased in september 2001. following are key performance measures for non-utility nuclear:. - | 2002 | 2001 | 2000 net mw in operation at december 31 | 3955 | 3445 | 2475 generation in gwh for the year | 29953 | 22614 | 7171 capacity factor for the year | 93% (93%) | 93% (93%) | 94% (94%) 2002 compared to 2001 the following fluctuations in the results of operations for non-utility nuclear in 2002 were primarily caused by the acquisitions of indian point 2 and vermont yankee (except as otherwise noted): fffd operating revenues increased $411.0 million to $1.2 billion; fffd other operation and maintenance expenses increased $201.8 million to $596.3 million; fffd depreciation and amortization expenses increased $25.1 million to $42.8 million; fffd fuel expenses increased $29.4 million to $105.2 million; fffd nuclear refueling outage expenses increased $23.9 million to $46.8 million, which was due primarily to a. what was the total of non-utility nuclear earnings by the end of 2002?

201.0

14. capital stock shares outstanding. the following table presents information regarding capital stock:. (in thousands) | december 31, 2017 | december 31, 2016 class a common stock authorized | 1000000 | 1000000 class a common stock issued and outstanding | 339235 | 338240 class b-1 common stock authorized issued and outstanding | 0.6 | 0.6 class b-2 common stock authorized issued and outstanding | 0.8 | 0.8 class b-3 common stock authorized issued and outstanding | 1.3 | 1.3 class b-4 common stock authorized issued and outstanding | 0.4 | 0.4 cme group has no shares of preferred stock issued and outstanding. associated trading rights. members of cme, cbot, nymex and comex own or lease trading rights which entitle them to access open outcry trading, discounts on trading fees and the right to vote on certain exchange matters as provided for by the rules of the particular exchange and cme group 2019s or the subsidiaries 2019 organizational documents. each class of cme group class b common stock is associated with a membership in a specific division for trading at cme. a cme trading right is a separate asset that is not part of or evidenced by the associated share of class b common stock of cme group. the class b common stock of cme group is intended only to ensure that the class b shareholders of cme group retain rights with respect to representation on the board of directors and approval rights with respect to the core rights described below. trading rights at cbot are evidenced by class b memberships in cbot, at nymex by class a memberships in nymex and at comex by comex division memberships. members of cbot, nymex and comex do not have any rights to elect members of the board of directors and are not entitled to receive dividends or other distributions on their memberships or trading permits. core rights. holders of cme group class b common shares have the right to approve changes in specified rights relating to the trading privileges at cme associated with those shares. these core rights relate primarily to trading right protections, certain trading fee protections and certain membership benefit protections. votes on changes to these core rights are weighted by class. each class of class b common stock has the following number of votes on matters relating to core rights: class b-1, six votes per share; class b-2, two votes per share; class b-3, one vote per share; and class b-4, 1/6th of one vote per share. the approval of a majority of the votes cast by the holders of shares of class b common stock is required in order to approve any changes to core rights. holders of shares of class a common stock do not have the right to vote on changes to core rights. voting rights. with the exception of the matters reserved to holders of cme group class b common stock, holders of cme group common stock vote together on all matters for which a vote of common shareholders is required. in these votes, each holder of shares of class a or class b common stock of cme group has one vote per share. transfer restrictions. each class of cme group class b common stock is subject to transfer restrictions contained in the certificate of incorporation of cme group. these transfer restrictions prohibit the sale or transfer of any shares of class b common stock separate from the sale of the associated trading rights. election of directors. the cme group board of directors is currently comprised of 20 members. holders of class b-1, class b-2 and class b-3 common stock have the right to elect six directors, of which three are elected by class b-1 shareholders, two are elected by class b-2 shareholders and one is elected by class b-3 shareholders. the remaining directors are elected by the class a and class b shareholders voting as a single class.. between the years of 2016 and 2017, what was the change in the number of class a common stocks issued and outstanding? 995.0 and in that year of 2017, what percentage did this number represent in relation to the total amount of class a common stock authorized?

0.33924

management 2019s discussion and analysis 78 jpmorgan chase & co./2018 form 10-k treasury and cio overview treasury and cio is predominantly responsible for measuring, monitoring, reporting and managing the firm 2019s liquidity, funding, capital, structural interest rate and foreign exchange risks. the risks managed by treasury and cio arise from the activities undertaken by the firm 2019s four major reportable business segments to serve their respective client bases, which generate both on- and off- balance sheet assets and liabilities. treasury and cio seek to achieve the firm 2019s asset-liability management objectives generally by investing in high- quality securities that are managed for the longer-term as part of the firm 2019s investment securities portfolio. treasury and cio also use derivatives to meet the firm 2019s asset- liability management objectives. for further information on derivatives, refer to note 5. in addition, treasury and cio manage the firm 2019s cash position primarily through depositing at central banks and investing in short-term instruments. for further information on liquidity and funding risk, refer to liquidity risk management on pages 95 2013100. for information on interest rate, foreign exchange and other risks, refer to market risk management on pages 124 2013131. the investment securities portfolio primarily consists of agency and nonagency mortgage-backed securities, u.s. and non-u.s. government securities, obligations of u.s. states and municipalities, other abs and corporate debt securities. at december 31, 2018, the investment securities portfolio was $260.1 billion, and the average credit rating of the securities comprising the portfolio was aa+ (based upon external ratings where available and, where not available, based primarily upon internal ratings that correspond to ratings as defined by s&p and moody 2019s). refer to note 10 for further information on the firm 2019s investment securities portfolio. selected income statement and balance sheet data as of or for the year ended december 31, (in millions) 2018 2017 2016 investment securities gains/ (losses) $(395) $(78) $132 available-for-sale (201cafs 201d) investment securities (average) 203449 219345 226892 held-to-maturity (201chtm 201d) investment securities (average) 31747 47927 51358 investment securities portfolio (average) 235197 267272 278250 afs investment securities (period-end) 228681 200247 236670 htm investment securities (period-end) 31434 47733 50168 investment securities portfolio (period 2013end) 260115 247980 286838 as permitted by the new hedge accounting guidance, the firm elected to transfer certain investment securities from htm to afs in the first quarter of 2018. for additional information, refer to notes 1 and 10.. as of or for the year ended december 31 (in millions) | 2018 | 2017 | 2016 investment securities gains/ (losses) | $-395 (395) | $-78 (78) | $132 available-for-sale (201cafs 201d) investment securities (average) | 203449 | 219345 | 226892 held-to-maturity (201chtm 201d) investment securities (average) | 31747 | 47927 | 51358 investment securities portfolio (average) | 235197 | 267272 | 278250 afs investment securities (period-end) | 228681 | 200247 | 236670 htm investment securities (period-end) | 31434 | 47733 | 50168 investment securities portfolio (period 2013end) | 260115 | 247980 | 286838 management 2019s discussion and analysis 78 jpmorgan chase & co./2018 form 10-k treasury and cio overview treasury and cio is predominantly responsible for measuring, monitoring, reporting and managing the firm 2019s liquidity, funding, capital, structural interest rate and foreign exchange risks. the risks managed by treasury and cio arise from the activities undertaken by the firm 2019s four major reportable business segments to serve their respective client bases, which generate both on- and off- balance sheet assets and liabilities. treasury and cio seek to achieve the firm 2019s asset-liability management objectives generally by investing in high- quality securities that are managed for the longer-term as part of the firm 2019s investment securities portfolio. treasury and cio also use derivatives to meet the firm 2019s asset- liability management objectives. for further information on derivatives, refer to note 5. in addition, treasury and cio manage the firm 2019s cash position primarily through depositing at central banks and investing in short-term instruments. for further information on liquidity and funding risk, refer to liquidity risk management on pages 95 2013100. for information on interest rate, foreign exchange and other risks, refer to market risk management on pages 124 2013131. the investment securities portfolio primarily consists of agency and nonagency mortgage-backed securities, u.s. and non-u.s. government securities, obligations of u.s. states and municipalities, other abs and corporate debt securities. at december 31, 2018, the investment securities portfolio was $260.1 billion, and the average credit rating of the securities comprising the portfolio was aa+ (based upon external ratings where available and, where not available, based primarily upon internal ratings that correspond to ratings as defined by s&p and moody 2019s). refer to note 10 for further information on the firm 2019s investment securities portfolio. selected income statement and balance sheet data as of or for the year ended december 31, (in millions) 2018 2017 2016 investment securities gains/ (losses) $(395) $(78) $132 available-for-sale (201cafs 201d) investment securities (average) 203449 219345 226892 held-to-maturity (201chtm 201d) investment securities (average) 31747 47927 51358 investment securities portfolio (average) 235197 267272 278250 afs investment securities (period-end) 228681 200247 236670 htm investment securities (period-end) 31434 47733 50168 investment securities portfolio (period 2013end) 260115 247980 286838 as permitted by the new hedge accounting guidance, the firm elected to transfer certain investment securities from htm to afs in the first quarter of 2018. for additional information, refer to notes 1 and 10.. what was the amount of the afs investment securities in 2018? 228681.0 and what was it in 2017? 200247.0 what was, then, the combined total for the two years? 428928.0 including 2016, what then becomes this total? 665598.0 and what was the average between the three years? 221866.0 and between the last two years of that period, from 2017 to 2018, what was the change in the ending available for sale investment securities?

28434.0

2022 a financial safeguard package for cleared over-the-counter credit default swap contracts, and 2022 a financial safeguard package for cleared over-the-counter interest rate swap contracts. in the unlikely event of a payment default by a clearing firm, we would first apply assets of the defaulting clearing firm to satisfy its payment obligation. these assets include the defaulting firm 2019s guaranty fund contributions, performance bonds and any other available assets, such as assets required for membership and any associated trading rights. in addition, we would make a demand for payment pursuant to any applicable guarantee provided to us by the parent company of the clearing firm. thereafter, if the payment default remains unsatisfied, we would use the corporate contributions designated for the respective financial safeguard package. we would then use guaranty fund contributions of other clearing firms within the respective financial safeguard package and funds collected through an assessment against solvent clearing firms within the respective financial safeguard package to satisfy the deficit. we maintain a $5.0 billion 364-day multi-currency line of credit with a consortium of domestic and international banks to be used in certain situations by cme clearing. we have the option to request an increase in the line from $5.0 billion to $7.0 billion. we may use the proceeds to provide temporary liquidity in the unlikely event of a clearing firm default, in the event of a liquidity constraint or default by a depositary (custodian of the collateral), or in the event of a temporary disruption with the payments systems that would delay payment of settlement variation between us and our clearing firms. the credit agreement requires us to pledge certain assets to the line of credit custodian prior to drawing on the line of credit. pledged assets may include clearing firm guaranty fund deposits held by us in the form of u.s. treasury or agency securities, as well as select money market mutual funds approved for our select interest earning facility (ief) programs. performance bond collateral of a defaulting clearing firm may also be used to secure a draw on the line. in addition to the 364-day multi- currency line of credit, we also have the option to use our $1.8 billion multi-currency revolving senior credit facility to provide liquidity for our clearing house in the unlikely event of default. aggregate performance bond deposits for clearing firms for all three cme financial safeguard packages was $86.8 billion, including $5.6 billion of cash performance bond deposits and $4.2 billion of letters of credit. a defaulting firm 2019s performance bond deposits can be used in the event of default of that clearing firm. the following shows the available assets at december 31, 2012 in the event of a payment default by a clearing firm for the base financial safeguard package after first utilizing the defaulting firm 2019s available assets: (in millions) cme clearing available assets designated corporate contributions for futures and options (1)........ $100.0 guaranty fund contributions (2)..... 2899.5 assessment powers (3)............ 7973.6 minimum total assets available for default (4).................... $10973.1 (1) cme clearing designates $100.0 million of corporate contributions to satisfy a clearing firm default in the event that the defaulting clearing firm 2019s guaranty contributions and performance bonds do not satisfy the deficit. (2) guaranty fund contributions of clearing firms include guaranty fund contributions required of clearing firms, but do not include any excess deposits held by us at the direction of clearing firms. (3) in the event of a clearing firm default, if a loss continues to exist after the utilization of the assets of the defaulted firm, our designated working capital and the non-defaulting clearing firms 2019 guaranty fund contributions, we have the right to assess all non-defaulting clearing members as defined in the rules governing the guaranty fund. (4) represents the aggregate minimum resources available to satisfy any obligations not met by a defaulting firm subsequent to the liquidation of the defaulting firm 2019s performance bond collateral.. (in millions) | cme clearingavailable assets designated corporate contributions for futures and options (1) | $100.0 guaranty fund contributions (2) | 2899.5 assessment powers (3) | 7973.6 minimum total assets available for default (4) | $10973.1 2022 a financial safeguard package for cleared over-the-counter credit default swap contracts, and 2022 a financial safeguard package for cleared over-the-counter interest rate swap contracts. in the unlikely event of a payment default by a clearing firm, we would first apply assets of the defaulting clearing firm to satisfy its payment obligation. these assets include the defaulting firm 2019s guaranty fund contributions, performance bonds and any other available assets, such as assets required for membership and any associated trading rights. in addition, we would make a demand for payment pursuant to any applicable guarantee provided to us by the parent company of the clearing firm. thereafter, if the payment default remains unsatisfied, we would use the corporate contributions designated for the respective financial safeguard package. we would then use guaranty fund contributions of other clearing firms within the respective financial safeguard package and funds collected through an assessment against solvent clearing firms within the respective financial safeguard package to satisfy the deficit. we maintain a $5.0 billion 364-day multi-currency line of credit with a consortium of domestic and international banks to be used in certain situations by cme clearing. we have the option to request an increase in the line from $5.0 billion to $7.0 billion. we may use the proceeds to provide temporary liquidity in the unlikely event of a clearing firm default, in the event of a liquidity constraint or default by a depositary (custodian of the collateral), or in the event of a temporary disruption with the payments systems that would delay payment of settlement variation between us and our clearing firms. the credit agreement requires us to pledge certain assets to the line of credit custodian prior to drawing on the line of credit. pledged assets may include clearing firm guaranty fund deposits held by us in the form of u.s. treasury or agency securities, as well as select money market mutual funds approved for our select interest earning facility (ief) programs. performance bond collateral of a defaulting clearing firm may also be used to secure a draw on the line. in addition to the 364-day multi- currency line of credit, we also have the option to use our $1.8 billion multi-currency revolving senior credit facility to provide liquidity for our clearing house in the unlikely event of default. aggregate performance bond deposits for clearing firms for all three cme financial safeguard packages was $86.8 billion, including $5.6 billion of cash performance bond deposits and $4.2 billion of letters of credit. a defaulting firm 2019s performance bond deposits can be used in the event of default of that clearing firm. the following shows the available assets at december 31, 2012 in the event of a payment default by a clearing firm for the base financial safeguard package after first utilizing the defaulting firm 2019s available assets: (in millions) cme clearing available assets designated corporate contributions for futures and options (1)........ $100.0 guaranty fund contributions (2)..... 2899.5 assessment powers (3)............ 7973.6 minimum total assets available for default (4).................... $10973.1 (1) cme clearing designates $100.0 million of corporate contributions to satisfy a clearing firm default in the event that the defaulting clearing firm 2019s guaranty contributions and performance bonds do not satisfy the deficit. (2) guaranty fund contributions of clearing firms include guaranty fund contributions required of clearing firms, but do not include any excess deposits held by us at the direction of clearing firms. (3) in the event of a clearing firm default, if a loss continues to exist after the utilization of the assets of the defaulted firm, our designated working capital and the non-defaulting clearing firms 2019 guaranty fund contributions, we have the right to assess all non-defaulting clearing members as defined in the rules governing the guaranty fund. (4) represents the aggregate minimum resources available to satisfy any obligations not met by a defaulting firm subsequent to the liquidation of the defaulting firm 2019s performance bond collateral.. what is the maximum potential change that can be made by cme on their current line of credit? 2.0 and how much, in percentage, does this maximum potential change represent in relation to that current line of credit as it is now?

0.4

sysco corporation a0- a0form a010-k 3 part a0i item a01 a0business we estimate that our sales by type of customer during the past three fiscal years were as follows:. type of customer | 2019 | 2018 | 2017 restaurants | 62% (62%) | 62% (62%) | 61% (61%) education government | 9 | 8 | 9 travel leisure retail | 9 | 8 | 9 healthcare | 8 | 9 | 9 other (1) | 12 | 13 | 12 totals | 100% (100%) | 100% (100%) | 100% (100%) (1) other includes cafeterias that are not stand-alone restaurants, bakeries, caterers, churches, civic and fraternal organizations, vending distributors, other distributors and international exports. none of these types of customers, as a group, exceeded 5% (5%) of total sales in any of the years for which information is presented. sources of supply we purchase from thousands of suppliers, both domestic and international, none of which individually accounts for more than 10% (10%) of our purchases. these suppliers consist generally of large corporations selling brand name and private label merchandise, as well as independent regional brand and private label processors and packers. we also provide specialty and seasonal products from small to mid-sized producers to meet a growing demand for locally sourced products. our locally sourced products, including produce, meats, cheese and other products, help differentiate our customers 2019 offerings, satisfy demands for new products, and support local communities. purchasing is generally carried out through both centrally developed purchasing programs, domestically and internationally, and direct purchasing programs established by our various operating companies. we administer a consolidated product procurement program designed to develop, obtain and ensure consistent quality food and non-food products. the program covers the purchasing and marketing of branded merchandise, as well as products from a number of national brand suppliers, encompassing substantially all product lines. some of our products are purchased internationally within global procurement centers in order to build strategic relationships with international suppliers and to optimize our supply chain network. sysco 2019s operating companies purchase product from the suppliers participating in these consolidated programs and from other suppliers, although sysco brand products are only available to the operating companies through these consolidated programs. we also focus on increasing profitability by lowering operating costs and by lowering aggregate inventory levels, which reduces future facility expansion needs at our broadline operating companies, while providing greater value to our suppliers and customers. working capital practices our growth is funded through a combination of cash flow from operations, commercial paper issuances and long-term borrowings. see the discussion in item 7 201cmanagement 2019s discussion and analysis of financial condition and results of operations - liquidity and capital resources 201d regarding our liquidity, financial position and sources and uses of funds. we extend credit terms to our customers that can vary from cash on delivery to 30 days or more based on our assessment of each customer 2019s credit worthiness. we monitor each customer 2019s account and will suspend shipments if necessary. a majority of our sales orders are filled within 24 hours of when customer orders are placed. we generally maintain inventory on hand to be able to meet customer demand. the level of inventory on hand will vary by product depending on shelf-life, supplier order fulfillment lead times and customer demand. we also make purchases of additional volumes of certain products based on supply or pricing opportunities. we take advantage of suppliers 2019 cash discounts where appropriate and otherwise generally receive payment terms from our suppliers ranging from weekly to 45 days or more. corporate headquarters and shared services center our corporate staff makes available a number of services to our operating companies and our shared services center performs support services for employees, suppliers and customers. members of these groups possess experience and expertise in, among other areas, customer and vendor contract administration, accounting and finance, treasury, legal, information technology, payroll and employee benefits, risk management and insurance, sales and marketing, merchandising, inbound logistics, human resources, strategy and tax compliance services. the corporate office also makes available supply chain expertise, such as in warehousing and distribution services, which provide assistance in operational best practices, including space utilization, energy conservation, fleet management and work flow.. what was the percentage of sales to restaurants in 2018? 0.62 what was it in the previous year, 2017? 0.61 by what amount, then, did that percentage increase over the year? 0.01 and what was this increase amount in that percentage over the next year, from 2018 to 2019?

0.0

reinsurance commissions, fees and other revenue decreased 2% (2%) in 2014 reflecting a 1% (1%) unfavorable impact from foreign currency exchange rates and 1% (1%) decline in organic revenue growth due primarily to a significant unfavorable market impact in treaty, partially offset by net new business growth in treaty placements globally and growth in capital markets transactions and advisory business, as well as facultative placements. operating income operating income increased $108 million, or 7% (7%), from 2013 to $1.6 billion in 2014. in 2014, operating income margins in this segment were 21.0% (21.0%), an increase of 120 basis points from 19.8% (19.8%) in 2013. operating margin improvement was driven by solid organic revenue growth, return on investments, expense discipline and savings related to the restructuring programs, partially offset by a $61 million unfavorable impact from foreign currency exchange rates. hr solutions. years ended december 31 | 2014 | 2013 | 2012 revenue | $4264 | $4057 | $3925 operating income | 485 | 318 | 289 operating margin | 11.4% (11.4%) | 7.8% (7.8%) | 7.4% (7.4%) our hr solutions segment generated approximately 35% (35%) of our consolidated total revenues in 2014 and provides a broad range of human capital services, as follows: 2022 retirement specializes in global actuarial services, defined contribution consulting, tax and erisa consulting, and pension administration. 2022 compensation focuses on compensatory advisory/counsel including: compensation planning design, executive reward strategies, salary survey and benchmarking, market share studies and sales force effectiveness, with special expertise in the financial services and technology industries. 2022 strategic human capital delivers advice to complex global organizations on talent, change and organizational effectiveness issues, including talent strategy and acquisition, executive on-boarding, performance management, leadership assessment and development, communication strategy, workforce training and change management. 2022 investment consulting advises public and private companies, other institutions and trustees on developing and maintaining investment programs across a broad range of plan types, including defined benefit plans, defined contribution plans, endowments and foundations. 2022 benefits administration applies our human resource expertise primarily through defined benefit (pension), defined contribution (401 (k)), and health and welfare administrative services. our model replaces the resource-intensive processes once required to administer benefit plans with more efficient, effective, and less costly solutions. 2022 exchanges is building and operating healthcare exchanges that provide employers with a cost effective alternative to traditional employee and retiree healthcare, while helping individuals select the insurance that best meets their needs. 2022 human resource business processing outsourcing provides market-leading solutions to manage employee data; administer benefits, payroll and other human resources processes; and record and manage talent, workforce and other core human resource process transactions as well as other complementary services such as flexible spending, dependent audit and participant advocacy. disruption in the global credit markets and the deterioration of the financial markets created significant uncertainty in the marketplace. weak economic conditions in many markets around the globe continued throughout 2014 and have adversely impacted our clients' financial condition and therefore the levels of business activities in the industries and geographies where we operate. while we believe that the majority of our practices are well positioned to manage through this time, these challenges are reducing demand for some of our services and putting continued pressure on the pricing of those services, which is having an adverse effect on our new business and results of operations.. what was the operating margin in 2014? 0.114 and what was it in 2013?

0.078

results of operations operating revenues millions 2014 2013 2012% (%) change 2014 v 2013% (%) change 2013 v 2012. millions | 2014 | 2013 | 2012 |% (%) change 2014 v 2013 |% (%) change 2013 v 2012 freight revenues | $22560 | $20684 | $19686 | 9% (9%) | 5% (5%) other revenues | 1428 | 1279 | 1240 | 12% (12%) | 3% (3%) total | $23988 | $21963 | $20926 | 9% (9%) | 5% (5%) we generate freight revenues by transporting freight or other materials from our six commodity groups. freight revenues vary with volume (carloads) and average revenue per car (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 all six commodity groups increased during 2014 compared to 2013 driven by 7% (7%) volume growth and core pricing gains of 2.5% (2.5%). volume growth from grain, frac sand, rock, and intermodal (domestic and international) shipments offset declines in crude oil. 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 essentially was flat year over year as growth in automotive, frac sand, crude oil and domestic intermodal offset declines in coal, international intermodal and grain shipments. our fuel surcharge programs generated freight revenues of $2.8 billion, $2.6 billion, and $2.6 billion in 2014, 2013, and 2012, respectively. fuel surcharge in 2014 increased 6% (6%) driven by our 7% (7%) carloadings increase. fuel surcharge in 2013 essentially was 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). in 2014, other revenue increased from 2013 due to higher revenues at our subsidiaries, primarily those that broker intermodal and automotive services, accessorial revenue driven by increased volume and per diem revenue for container usage (previously included in automotive freight revenue). 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.. what was the fuel surcharge program freight revenue in 2014? 2.8 and in 2013? 2.6 so what was the difference between these two values?

0.2

stockholder return performance graphs the following graph compares the cumulative 5-year total stockholder return on our common stock relative to the cumulative total return of the nasdaq composite index and the s&p 400 information technology index. the graph assumes that the value of the investment in our common stock and in each index (including reinvestment of dividends) was $100 on december 29, 2007 and tracks it through december 29, 2012. comparison of 5 year cumulative total return* among cadence design systems, inc., the nasdaq composite index, and s&p 400 information technology cadence design systems, inc. nasdaq composite s&p 400 information technology 12/29/1212/31/111/1/111/2/101/3/0912/29/07 *$100 invested on 12/29/07 in stock or 12/31/07 in index, including reinvestment of dividends. indexes calculated on month-end basis. copyright a9 2013 s&p, a division of the mcgraw-hill companies inc. all rights reserved.. - | 12/29/2007 | 1/3/2009 | 1/2/2010 | 1/1/2011 | 12/31/2011 | 12/29/2012 cadence design systems inc. | 100.00 | 22.55 | 35.17 | 48.50 | 61.07 | 78.92 nasdaq composite | 100.00 | 59.03 | 82.25 | 97.32 | 98.63 | 110.78 s&p 400 information technology | 100.00 | 54.60 | 82.76 | 108.11 | 95.48 | 109.88 the stock price performance included in this graph is not necessarily indicative of future stock price performance. what is the net change in the price of the nasdaq composite from 2008 to 2012? 10.78 what is that over 100?

0.1078

in addition to the committed credit facilities discussed above, certain of our subsidiaries maintain short-term credit arrangements to meet their respective working capital needs. these credit arrangements, which amounted to approximately $2.9 billion at december 31, 2015, and $3.2 billion at december 31, 2014, are for the sole use of our subsidiaries. borrowings under these arrangements amounted to $825 million at december 31, 2015, and $1.2 billion at december 31, 2014. commercial paper program 2013 we have commercial paper programs in place in the u.s. and in europe. at december 31, 2015 and december 31, 2014, we had no commercial paper outstanding. effective april 19, 2013, our commercial paper program in the u.s. was increased by $2.0 billion. as a result, our commercial paper programs in place in the u.s. and in europe currently have an aggregate issuance capacity of $8.0 billion. we expect that the existence of the commercial paper program and the committed credit facilities, coupled with our operating cash flows, will enable us to meet our liquidity requirements. sale of accounts receivable 2013 to mitigate credit risk and enhance cash and liquidity management we sell trade receivables to unaffiliated financial institutions. these arrangements allow us to sell, on an ongoing basis, certain trade receivables without recourse. the trade receivables sold are generally short-term in nature and are removed from the consolidated balance sheets. we sell trade receivables under two types of arrangements, servicing and non-servicing. pmi 2019s operating cash flows were positively impacted by the amount of the trade receivables sold and derecognized from the consolidated balance sheets, which remained outstanding with the unaffiliated financial institutions. the trade receivables sold that remained outstanding under these arrangements as of december 31, 2015, 2014 and 2013 were $888 million, $120 million and $146 million, respectively. the net proceeds received are included in cash provided by operating activities in the consolidated statements of cash flows. for further details, see item 8, note 23. sale of accounts receivable to our consolidated financial statements. debt 2013 our total debt was $28.5 billion at december 31, 2015, and $29.5 billion at december 31, 2014. our total debt is primarily fixed rate in nature. for further details, see item 8, note 7. indebtedness. the weighted-average all-in financing cost of our total debt was 3.0% (3.0%) in 2015, compared to 3.2% (3.2%) in 2014. see item 8, note 16. fair value measurements to our consolidated financial statements for a discussion of our disclosures related to the fair value of debt. the amount of debt that we can issue is subject to approval by our board of directors. on february 21, 2014, we filed a shelf registration statement with the u.s. securities and exchange commission, under which we may from time to time sell debt securities and/or warrants to purchase debt securities over a three-year period. our debt issuances in 2015 were as follows: (in millions) type face value interest rate issuance maturity u.s. dollar notes (a) $500 1.250% (1.250%) august 2015 august 2017 u.s. dollar notes (a) $750 3.375% (3.375%) august 2015 august 2025 (a) interest on these notes is payable annually in arrears beginning in february 2016. the net proceeds from the sale of the securities listed in the table above will be used for general corporate purposes. the weighted-average time to maturity of our long-term debt was 10.8 years at the end of 2014 and 10.5 years at the end of 2015. 2022 off-balance sheet arrangements and aggregate contractual obligations we have no off-balance sheet arrangements, including special purpose entities, other than guarantees and contractual obligations discussed below.. type | - | face value | interest rate | issuance | maturity u.s. dollar notes | (a) | $500 | 1.250% (1.250%) | august 2015 | august 2017 u.s. dollar notes | (a) | $750 | 3.375% (3.375%) | august 2015 | august 2025 in addition to the committed credit facilities discussed above, certain of our subsidiaries maintain short-term credit arrangements to meet their respective working capital needs. these credit arrangements, which amounted to approximately $2.9 billion at december 31, 2015, and $3.2 billion at december 31, 2014, are for the sole use of our subsidiaries. borrowings under these arrangements amounted to $825 million at december 31, 2015, and $1.2 billion at december 31, 2014. commercial paper program 2013 we have commercial paper programs in place in the u.s. and in europe. at december 31, 2015 and december 31, 2014, we had no commercial paper outstanding. effective april 19, 2013, our commercial paper program in the u.s. was increased by $2.0 billion. as a result, our commercial paper programs in place in the u.s. and in europe currently have an aggregate issuance capacity of $8.0 billion. we expect that the existence of the commercial paper program and the committed credit facilities, coupled with our operating cash flows, will enable us to meet our liquidity requirements. sale of accounts receivable 2013 to mitigate credit risk and enhance cash and liquidity management we sell trade receivables to unaffiliated financial institutions. these arrangements allow us to sell, on an ongoing basis, certain trade receivables without recourse. the trade receivables sold are generally short-term in nature and are removed from the consolidated balance sheets. we sell trade receivables under two types of arrangements, servicing and non-servicing. pmi 2019s operating cash flows were positively impacted by the amount of the trade receivables sold and derecognized from the consolidated balance sheets, which remained outstanding with the unaffiliated financial institutions. the trade receivables sold that remained outstanding under these arrangements as of december 31, 2015, 2014 and 2013 were $888 million, $120 million and $146 million, respectively. the net proceeds received are included in cash provided by operating activities in the consolidated statements of cash flows. for further details, see item 8, note 23. sale of accounts receivable to our consolidated financial statements. debt 2013 our total debt was $28.5 billion at december 31, 2015, and $29.5 billion at december 31, 2014. our total debt is primarily fixed rate in nature. for further details, see item 8, note 7. indebtedness. the weighted-average all-in financing cost of our total debt was 3.0% (3.0%) in 2015, compared to 3.2% (3.2%) in 2014. see item 8, note 16. fair value measurements to our consolidated financial statements for a discussion of our disclosures related to the fair value of debt. the amount of debt that we can issue is subject to approval by our board of directors. on february 21, 2014, we filed a shelf registration statement with the u.s. securities and exchange commission, under which we may from time to time sell debt securities and/or warrants to purchase debt securities over a three-year period. our debt issuances in 2015 were as follows: (in millions) type face value interest rate issuance maturity u.s. dollar notes (a) $500 1.250% (1.250%) august 2015 august 2017 u.s. dollar notes (a) $750 3.375% (3.375%) august 2015 august 2025 (a) interest on these notes is payable annually in arrears beginning in february 2016. the net proceeds from the sale of the securities listed in the table above will be used for general corporate purposes. the weighted-average time to maturity of our long-term debt was 10.8 years at the end of 2014 and 10.5 years at the end of 2015. 2022 off-balance sheet arrangements and aggregate contractual obligations we have no off-balance sheet arrangements, including special purpose entities, other than guarantees and contractual obligations discussed below.. what was the change in the total debt from 2014 to 2015?

-1.0

table of contents notes to consolidated financial statements of american airlines group inc. information generated by market transactions involving comparable assets, as well as pricing guides and other sources. the current market for the aircraft, the maintenance condition of the aircraft and the expected proceeds from the sale of the assets, among other factors, were considered. the market approach was utilized to value certain intangible assets such as airport take off and landing slots when sufficient market information was available. the income approach was primarily used to value intangible assets, including customer relationships, marketing agreements, certain international route authorities, and the us airways tradename. the income approach indicates value for a subject asset based on the present value of cash flows projected to be generated by the asset. projected cash flows are discounted at a required market rate of return that reflects the relative risk of achieving the cash flows and the time value of money. the cost approach, which estimates value by determining the current cost of replacing an asset with another of equivalent economic utility, was used, as appropriate, for certain assets for which the market and income approaches could not be applied due to the nature of the asset. the cost to replace a given asset reflects the estimated reproduction or replacement cost for the asset, less an allowance for loss in value due to depreciation. the fair value of us airways 2019 dividend miles loyalty program liability was determined based on the weighted average equivalent ticket value of outstanding miles which were expected to be redeemed for future travel at december 9, 2013. the weighted average equivalent ticket value contemplates differing classes of service, domestic and international itineraries and the carrier providing the award travel. pro-forma impact of the merger the company 2019s unaudited pro-forma results presented below include the effects of the merger as if it had been consummated as of january 1, 2012. the pro-forma results include the depreciation and amortization associated with the acquired tangible and intangible assets, lease and debt fair value adjustments, the elimination of any deferred gains or losses, adjustments relating to reflecting the fair value of the loyalty program liability and the impact of income changes on profit sharing expense, among others. in addition, the pro-forma results below reflect the impact of higher wage rates related to memorandums of understanding with us airways 2019 pilots that became effective upon closing of the merger, as well as the elimination of the company 2019s reorganization items, net and merger transition costs. however, the pro-forma results do not include any anticipated synergies or other expected benefits of the merger. accordingly, the unaudited pro-forma financial information below is not necessarily indicative of either future results of operations or results that might have been achieved had the acquisition been consummated as of january 1, 2012. december 31, (in millions). - | december 31 2013 (in millions) revenue | $40678 net income | 2526 5. basis of presentation and summary of significant accounting policies (a) basis of presentation the consolidated financial statements for the full years of 2015 and 2014 and the period from december 9, 2013 to december 31, 2013 include the accounts of the company and its wholly-owned subsidiaries. for the periods prior to december 9, 2013, the consolidated financial statements do not include the accounts of us airways group. all significant intercompany transactions have been eliminated. the preparation of financial statements in accordance with accounting principles generally accepted in the united states (gaap) requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and the disclosure of contingent assets and liabilities at the date of the financial statements. actual results could differ from those estimates. the most significant areas. what was revenue in 2013? 40678.0 what was net income? 2526.0 what is revenue less net income? 38152.0 what was 2013 revenue? 40678.0 what is the difference of revenue less net income over the 2013 revenue value?

0.9379

part ii item 5. market for registrant 2019s common equity, related stockholder matters and issuer purchases of equity securities the following table presents reported quarterly high and low per share sale prices of our common stock on the new york stock exchange (201cnyse 201d) for the years 2008 and 2007.. 2008 | high | low quarter ended march 31 | $42.72 | $32.10 quarter ended june 30 | 46.10 | 38.53 quarter ended september 30 | 43.43 | 31.89 quarter ended december 31 | 37.28 | 19.35 2007 | high | low quarter ended march 31 | $41.31 | $36.63 quarter ended june 30 | 43.84 | 37.64 quarter ended september 30 | 45.45 | 36.34 quarter ended december 31 | 46.53 | 40.08 on february 13, 2009, the closing price of our common stock was $28.85 per share as reported on the nyse. as of february 13, 2009, we had 397097677 outstanding shares of common stock and 499 registered holders. dividends we have never paid a dividend on our common stock. we anticipate that we may retain future earnings, if any, to fund the development and growth of our business. the indentures governing our 7.50% (7.50%) senior notes due 2012 (201c7.50% (201c7.50%) notes 201d) and our 7.125% (7.125%) senior notes due 2012 (201c7.125% (201c7.125%) notes 201d) may prohibit us from paying dividends to our stockholders unless we satisfy certain financial covenants. the loan agreement for our revolving credit facility and term loan, and the indentures governing the terms of our 7.50% (7.50%) notes and 7.125% (7.125%) notes contain covenants that restrict our ability to pay dividends unless certain financial covenants are satisfied. in addition, while spectrasite and its subsidiaries are classified as unrestricted subsidiaries under the indentures for our 7.50% (7.50%) notes and 7.125% (7.125%) notes, certain of spectrasite 2019s subsidiaries are subject to restrictions on the amount of cash that they can distribute to us under the loan agreement related to our securitization transaction. for more information about the restrictions under the loan agreement for the revolving credit facility and term loan, our notes indentures and the loan agreement related to our securitization transaction, see item 7 of this annual report under the caption 201cmanagement 2019s discussion and analysis of financial condition and results of operations 2014liquidity and capital resources 2014factors affecting sources of liquidity 201d and note 6 to our consolidated financial statements included in this annual report.. what was the highest price of the company's share price for the quarter ended march 31, 2008? 42.72 what was the lowest price? 32.1 what is the net difference?

10.62

entergy corporation and subsidiaries notes to financial statements (a) consists of pollution control revenue bonds and environmental revenue bonds, some of which are secured by collateral first mortgage bonds. (b) these notes do not have a stated interest rate, but have an implicit interest rate of 4.8% (4.8%). (c) pursuant to the nuclear waste policy act of 1982, entergy 2019s nuclear owner/licensee subsidiaries have contracts with the doe for spent nuclear fuel disposal service. the contracts include a one-time fee for generation prior to april 7, 1983. entergy arkansas is the only entergy company that generated electric power with nuclear fuel prior to that date and includes the one-time fee, plus accrued interest, in long-term (d) see note 10 to the financial statements for further discussion of the waterford 3 and grand gulf lease obligations. (e) the fair value excludes lease obligations of $149 million at entergy louisiana and $97 million at system energy, long-term doe obligations of $181 million at entergy arkansas, and the note payable to nypa of $95 million at entergy, and includes debt due within one year. fair values are classified as level 2 in the fair value hierarchy discussed in note 16 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades. the annual long-term debt maturities (excluding lease obligations and long-term doe obligations) for debt outstanding as of december 31, 2013, for the next five years are as follows: amount (in thousands). - | amount (in thousands) 2014 | $385373 2015 | $1110566 2016 | $270852 2017 | $766801 2018 | $1324616 in november 2000, entergy 2019s non-utility nuclear business purchased the fitzpatrick and indian point 3 power plants in a seller-financed transaction. entergy issued notes to nypa with seven annual installments of approximately $108 million commencing one year from the date of the closing, and eight annual installments of $20 million commencing eight years from the date of the closing. these notes do not have a stated interest rate, but have an implicit interest rate of 4.8% (4.8%). in accordance with the purchase agreement with nypa, the purchase of indian point 2 in 2001 resulted in entergy becoming liable to nypa for an additional $10 million per year for 10 years, beginning in september 2003. this liability was recorded upon the purchase of indian point 2 in september 2001. in july 2003 a payment of $102 million was made prior to maturity on the note payable to nypa. under a provision in a letter of credit supporting these notes, if certain of the utility operating companies or system energy were to default on other indebtedness, entergy could be required to post collateral to support the letter of credit. entergy gulf states louisiana, entergy louisiana, entergy mississippi, entergy texas, and system energy have obtained long-term financing authorizations from the ferc that extend through october 2015. entergy arkansas has obtained long-term financing authorization from the apsc that extends through december 2015. entergy new orleans has obtained long-term financing authorization from the city council that extends through july 2014. capital funds agreement pursuant to an agreement with certain creditors, entergy corporation has agreed to supply system energy with sufficient capital to: 2022 maintain system energy 2019s equity capital at a minimum of 35% (35%) of its total capitalization (excluding short- term debt);. what is the amount of long-term debt due in 2014? 385373.0 what is the amount due in 2015? 1110566.0 what is the sum? 1495939.0 what is the sum divided by 1000?

1495.939

part ii. item 5. market for registrant 2019s common equity, related stockholder matters and issuer purchases of equity securities our common stock is traded on the nasdaq global select market under the symbol cdns. as of february 2, 2019, we had 523 registered stockholders and approximately 56000 beneficial owners of our common stock. stockholder return performance graph the following graph compares the cumulative 5-year total stockholder return on our common stock relative to the cumulative total return of the nasdaq composite index, the s&p 500 index and the s&p 500 information technology index. the graph assumes that the value of the investment in our common stock and in each index on december 28, 2013 (including reinvestment of dividends) was $100 and tracks it each year thereafter on the last day of our fiscal year through december 29, 2018 and, for each index, on the last day of the calendar year. comparison of 5 year cumulative total return* among cadence design systems, inc., the nasdaq composite index, the s&p 500 index and the s&p 500 information technology index 12/29/181/2/16 12/30/1712/28/13 12/31/161/3/15 *$100 invested on 12/28/13 in stock or index, including reinvestment of dividends. fiscal year ending december 29. copyright a9 2019 standard & poor 2019s, a division of s&p global. all rights reserved. nasdaq compositecadence design systems, inc. s&p 500 s&p 500 information technology. - | 12/28/2013 | 1/3/2015 | 1/2/2016 | 12/31/2016 | 12/30/2017 | 12/29/2018 cadence design systems inc. | $100.00 | $135.18 | $149.39 | $181.05 | $300.22 | $311.13 nasdaq composite | 100.00 | 112.60 | 113.64 | 133.19 | 172.11 | 165.84 s&p 500 | 100.00 | 110.28 | 109.54 | 129.05 | 157.22 | 150.33 s&p 500 information technology | 100.00 | 115.49 | 121.08 | 144.85 | 201.10 | 200.52 the stock price performance included in this graph is not necessarily indicative of future stock price performance.. what is the value of cadence design system in 2018 less an initial investment of $100? 211.13 what is that divided by 100?

2.1113

during 2015, $82 million of provision recapture was recorded for purchased impaired loans compared to $91 million of provision recapture during 2014. charge-offs (which were specifically for commercial loans greater than a defined threshold) during 2015 were $12 million compared to $42 million during 2014. at december 31, 2015 and december 31, 2014, the alll on total purchased impaired loans was $.3 billion and $.9 billion, respectively. the decline in alll was primarily due to the change in our derecognition policy. for purchased impaired loan pools where an allowance has been recognized, subsequent increases in the net present value of cash flows will result in a provision recapture of any previously recorded alll to the extent applicable, and/or a reclassification from non-accretable difference to accretable yield, which will be recognized prospectively. individual loan transactions where final dispositions have occurred (as noted above) result in removal of the loans from their applicable pools for cash flow estimation purposes. the cash flow re- estimation process is completed quarterly to evaluate the appropriateness of the alll associated with the purchased impaired loans. activity for the accretable yield during 2015 and 2014 follows: table 66: purchased impaired loans 2013 accretable yield. in millions | 2015 | 2014 january 1 | $1558 | $2055 accretion (including excess cash recoveries) | -466 (466) | -587 (587) net reclassifications to accretable from non-accretable | 226 | 208 disposals | -68 (68) | -118 (118) december 31 | $1250 | $1558 note 5 allowances for loan and lease losses and unfunded loan commitments and letters of credit allowance for loan and lease losses we maintain the alll at levels that we believe to be appropriate to absorb estimated probable credit losses incurred in the portfolios as of the balance sheet date. we use the two main portfolio segments 2013 commercial lending and consumer lending 2013 and develop and document the alll under separate methodologies for each of these segments as discussed in note 1 accounting policies. a rollforward of the alll and associated loan data follows. the pnc financial services group, inc. 2013 form 10-k 141. what was the net change on all total purchased impaired loans between 12/31/15 and 12/31/14?

-0.6

entergy corporation and subsidiaries notes to financial statements (a) consists of pollution control revenue bonds and environmental revenue bonds, some of which are secured by collateral first mortgage bonds. (b) these notes do not have a stated interest rate, but have an implicit interest rate of 4.8% (4.8%). (c) pursuant to the nuclear waste policy act of 1982, entergy 2019s nuclear owner/licensee subsidiaries have contracts with the doe for spent nuclear fuel disposal service. the contracts include a one-time fee for generation prior to april 7, 1983. entergy arkansas is the only entergy company that generated electric power with nuclear fuel prior to that date and includes the one-time fee, plus accrued interest, in long-term debt. (d) see note 10 to the financial statements for further discussion of the waterford 3 and grand gulf lease obligations. (e) the fair value excludes lease obligations of $109 million at entergy louisiana and $34 million at system energy, long-term doe obligations of $181 million at entergy arkansas, and the note payable to nypa of $35 million at entergy, and includes debt due within one year. fair values are classified as level 2 in the fair value hierarchy discussed in note 16 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades. the annual long-term debt maturities (excluding lease obligations and long-term doe obligations) for debt outstanding as of december 31, 2015, for the next five years are as follows: amount (in thousands). - | amount (in thousands) 2016 | $204079 2017 | $766451 2018 | $822690 2019 | $768588 2020 | $1631181 in november 2000, entergy 2019s non-utility nuclear business purchased the fitzpatrick and indian point 3 power plants in a seller-financed transaction. entergy issued notes to nypa with seven annual installments of approximately $108 million commencing one year from the date of the closing, and eight annual installments of $20 million commencing eight years from the date of the closing. these notes do not have a stated interest rate, but have an implicit interest rate of 4.8% (4.8%). in accordance with the purchase agreement with nypa, the purchase of indian point 2 in 2001 resulted in entergy becoming liable to nypa for an additional $10 million per year for 10 years, beginning in september 2003. this liability was recorded upon the purchase of indian point 2 in september 2001. as part of the purchase agreement with nypa, entergy recorded a liability representing the net present value of the payments entergy would be liable to nypa for each year that the fitzpatrick and indian point 3 power plants would run beyond their respective original nrc license expiration date. with the planned shutdown of fitzpatrick at the end of its current fuel cycle, entergy reduced this liability by $26.4 million in 2015 pursuant to the terms of the purchase agreement. under a provision in a letter of credit supporting these notes, if certain of the utility operating companies or system energy were to default on other indebtedness, entergy could be required to post collateral to support the letter of credit. entergy louisiana, entergy mississippi, entergy texas, and system energy have obtained long-term financing authorizations from the ferc that extend through october 2017. entergy arkansas has obtained long-term financing authorization from the apsc that extends through december 2018. entergy new orleans has obtained long-term financing authorization from the city council that extends through july 2016. capital funds agreement pursuant to an agreement with certain creditors, entergy corporation has agreed to supply system energy with sufficient capital to:. what was the amount of long-term debt maturities in 2018? 822690.0 and in 2019? 768588.0 so what was the difference between these two years? 54102.0 and the value for 2019 specifically?

768588.0

table of contents adobe inc. notes to consolidated financial statements (continued) certain states and foreign jurisdictions to fully utilize available tax credits and other attributes. the deferred tax assets are offset by a valuation allowance to the extent it is more likely than not that they are not expected to be realized. we provide u.s. income taxes on the earnings of foreign subsidiaries unless the subsidiaries 2019 earnings are considered permanently reinvested outside the united states or are exempted from taxation as a result of the new territorial tax system. to the extent that the foreign earnings previously treated as permanently reinvested are repatriated, the related u.s. tax liability may be reduced by any foreign income taxes paid on these earnings. as of november 30, 2018, the cumulative amount of earnings upon which u.s. income taxes have not been provided is approximately $275 million. the unrecognized deferred tax liability for these earnings is approximately $57.8 million. as of november 30, 2018, we have net operating loss carryforwards of approximately $881.1 million for federal and $349.7 million for state. we also have federal, state and foreign tax credit carryforwards of approximately $8.8 million, $189.9 million and $14.9 million, respectively. the net operating loss carryforward assets and tax credits will expire in various years from fiscal 2019 through 2036. the state tax credit carryforwards and a portion of the federal net operating loss carryforwards can be carried forward indefinitely. the net operating loss carryforward assets and certain credits are reduced by the valuation allowance and are subject to an annual limitation under internal revenue code section 382, the carrying amount of which are expected to be fully realized. as of november 30, 2018, a valuation allowance of $174.5 million has been established for certain deferred tax assets related to certain state and foreign assets. for fiscal 2018, the total change in the valuation allowance was $80.9 million. accounting for uncertainty in income taxes during fiscal 2018 and 2017, our aggregate changes in our total gross amount of unrecognized tax benefits are summarized as follows (in thousands):. - | 2018 | 2017 beginning balance | $172945 | $178413 gross increases in unrecognized tax benefits 2013 prior year tax positions | 16191 | 3680 gross decreases in unrecognized tax benefits 2013 prior year tax positions | -4000 (4000) | -30166 (30166) gross increases in unrecognized tax benefits 2013 current year tax positions | 60721 | 24927 settlements with taxing authorities | 2014 | -3876 (3876) lapse of statute of limitations | -45922 (45922) | -8819 (8819) foreign exchange gains and losses | -3783 (3783) | 8786 ending balance | $196152 | $172945 the combined amount of accrued interest and penalties related to tax positions taken on our tax returns were approximately $24.6 million and $23.6 million for fiscal 2018 and 2017, respectively. these amounts were included in long-term income taxes payable in their respective years. we file income tax returns in the united states on a federal basis and in many u.s. state and foreign jurisdictions. we are subject to the continual examination of our income tax returns by the irs and other domestic and foreign tax authorities. our major tax jurisdictions are ireland, california and the united states. for ireland, california and the united states, the earliest fiscal years open for examination are 2008, 2014 and 2015, respectively. we regularly assess the likelihood of outcomes resulting from these examinations to determine the adequacy of our provision for income taxes and have reserved for potential adjustments that may result from these examinations. we believe such estimates to be reasonable; however, there can be no assurance that the final determination of any of these examinations will not have an adverse effect on our operating results and financial position. the timing of the resolution of income tax examinations is highly uncertain as are the amounts and timing of tax payments that are part of any audit settlement process. these events could cause large fluctuations in the balance of short-term and long- term assets, liabilities and income taxes payable. we believe that within the next 12 months, it is reasonably possible that either certain audits will conclude or statutes of limitations on certain income tax examination periods will expire, or both. given the uncertainties described above, we can only determine a range of estimated potential effect in underlying unrecognized tax benefits ranging from $0 to approximately $45 million.. between the years of 2017 and 2018, what was the variation observed in the total gross amount of unrecognized tax benefits? 23207.0 and what was that total gross amount in 2017?

172945.0

used to refinance certain indebtedness which matured in the fourth quarter of 2014. interest is payable semi-annually in arrears on march 18 and september 18 of each year, or approximately $35 million per year. the 2024 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price. the unamortized discount and debt issuance costs are being amortized over the remaining term of the 2024 notes. 2022 notes. in may 2012, the company issued $1.5 billion in aggregate principal amount of unsecured unsubordinated obligations. these notes were issued as two separate series of senior debt securities, including $750 million of 1.375% (1.375%) notes, which were repaid in june 2015 at maturity, and $750 million of 3.375% (3.375%) notes maturing in june 2022 (the 201c2022 notes 201d). net proceeds were used to fund the repurchase of blackrock 2019s common stock and series b preferred from barclays and affiliates and for general corporate purposes. interest on the 2022 notes of approximately $25 million per year is payable semi-annually on june 1 and december 1 of each year. the 2022 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price. the 201cmake-whole 201d redemption price represents a price, subject to the specific terms of the 2022 notes and related indenture, that is the greater of (a) par value and (b) the present value of future payments that will not be paid because of an early redemption, which is discounted at a fixed spread over a comparable treasury security. the unamortized discount and debt issuance costs are being amortized over the remaining term of the 2022 notes. 2021 notes. in may 2011, the company issued $1.5 billion in aggregate principal amount of unsecured unsubordinated obligations. these notes were issued as two separate series of senior debt securities, including $750 million of 4.25% (4.25%) notes maturing in may 2021 and $750 million of floating rate notes, which were repaid in may 2013 at maturity. net proceeds of this offering were used to fund the repurchase of blackrock 2019s series b preferred from affiliates of merrill lynch & co., inc. interest on the 4.25% (4.25%) notes due in 2021 (201c2021 notes 201d) is payable semi-annually on may 24 and november 24 of each year, and is approximately $32 million per year. the 2021 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price. the unamortized discount and debt issuance costs are being amortized over the remaining term of the 2021 notes. 2019 notes. in december 2009, the company issued $2.5 billion in aggregate principal amount of unsecured and unsubordinated obligations. these notes were issued as three separate series of senior debt securities including $0.5 billion of 2.25% (2.25%) notes, which were repaid in december 2012, $1.0 billion of 3.50% (3.50%) notes, which were repaid in december 2014 at maturity, and $1.0 billion of 5.0% (5.0%) notes maturing in december 2019 (the 201c2019 notes 201d). net proceeds of this offering were used to repay borrowings under the cp program, which was used to finance a portion of the acquisition of barclays global investors from barclays on december 1, 2009, and for general corporate purposes. interest on the 2019 notes of approximately $50 million per year is payable semi-annually in arrears on june 10 and december 10 of each year. these notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price. the unamortized discount and debt issuance costs are being amortized over the remaining term of the 2019 notes. 13. commitments and contingencies operating lease commitments the company leases its primary office spaces under agreements that expire through 2043. future minimum commitments under these operating leases are as follows: (in millions). year | amount 2018 | 141 2019 | 132 2020 | 126 2021 | 118 2022 | 109 thereafter | 1580 total | $2206 in may 2017, the company entered into an agreement with 50 hymc owner llc, for the lease of approximately 847000 square feet of office space located at 50 hudson yards, new york, new york. the term of the lease is twenty years from the date that rental payments begin, expected to occur in may 2023, with the option to renew for a specified term. the lease requires annual base rental payments of approximately $51 million per year during the first five years of the lease term, increasing every five years to $58 million, $66 million and $74 million per year (or approximately $1.2 billion in base rent over its twenty-year term). this lease is classified as an operating lease and, as such, is not recorded as a liability on the consolidated statements of financial condition. rent expense and certain office equipment expense under lease agreements amounted to $132 million, $134 million and $136 million in 2017, 2016 and 2015, respectively. investment commitments. at december 31, 2017, the company had $298 million of various capital commitments to fund sponsored investment funds, including consolidated vies. these funds include private equity funds, real assets funds, and opportunistic funds. this amount excludes additional commitments made by consolidated funds of funds to underlying third-party funds as third-party noncontrolling interest holders have the legal obligation to fund the respective commitments of such funds of funds. generally, the timing of the funding of these commitments is unknown and the commitments are callable on demand at any time prior to the expiration of the commitment. these unfunded commitments are not recorded on the consolidated statements of financial condition. these commitments do not include potential future commitments approved by the company that are not yet legally binding. the company intends to make additional capital commitments from time to time to fund additional investment products for, and with, its clients. contingencies contingent payments related to business acquisitions. in connection with certain acquisitions, blackrock is required to make contingent payments, subject to achieving specified performance targets, which may include revenue related to acquired contracts or new capital commitments for certain products. the fair value of the remaining aggregate contingent payments at december 31, 2017 totaled $236 million, including $128 million related to the first reserve transaction, and is included in other liabilities on the consolidated statements of financial condition.. what was the difference in rent payment after 10 years compared to after five years? 8.0 and the specific rent value after five years? 58.0 so what would be the growth rate over this time?

0.13793

28 2014 annual report performance graph the following chart presents a comparison for the five-year period ended june 30, 2014, of the market performance of the company 2019s common stock with the s & p 500 index and an index of peer companies selected by the company: comparison of 5 year cumulative total return among jack henry & associates, inc., the s&p 500 index, and a peer group the following information depicts a line graph with the following values:. - | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 jkhy | 100.00 | 116.85 | 148.92 | 173.67 | 240.25 | 307.57 old peer group | 100.00 | 112.45 | 150.77 | 176.12 | 220.42 | 275.73 new peer group | 100.00 | 115.50 | 159.31 | 171.86 | 198.72 | 273.95 s & p 500 | 100.00 | 114.43 | 149.55 | 157.70 | 190.18 | 236.98 this comparison assumes $100 was invested on june 30, 2009, and assumes reinvestments of dividends. total returns are calculated according to market capitalization of peer group members at the beginning of each period. peer companies selected are in the business of providing specialized computer software, hardware and related services to financial institutions and other businesses. in fiscal 2014, we changed our peer group of companies used for this analysis to maintain alignment with peer companies selected by our compensation committee for use in determining compensation for executive management. companies in the new peer group are aci worldwide, inc., bottomline technology, inc., broadridge financial solutions, cardtronics, inc., convergys corp., corelogic, inc., dst systems, inc., euronet worldwide, inc., fair isaac corp., fidelity national information services, inc., fiserv, inc., global payments, inc., heartland payment systems, inc., micros systems, inc., moneygram international, inc., ss&c technologies holdings, inc., total systems services, inc., tyler technologies, inc., verifone systems, inc., and wex, inc.. companies in the old peer group are aci worldwide, inc., bottomline technology, inc., cerner corp., dst systems, inc., euronet worldwide, inc., fair isaac corp., fidelity national information services, inc., fiserv, inc., sei investments company, telecommunications systems, inc., and tyler technologies corp.. what was the annual performance of the jkhy stock in 2010? 116.85 and what was it in 2009? 100.0 what was, then, the change in that performance over the year?

16.85

as of december 31, 2017, the company had gross state income tax credit carry-forwards of approximately $20 million, which expire from 2018 through 2020. a deferred tax asset of approximately $16 million (net of federal benefit) has been established related to these state income tax credit carry-forwards, with a valuation allowance of $7 million against such deferred tax asset as of december 31, 2017. the company had a gross state net operating loss carry-forward of $39 million, which expires in 2027. a deferred tax asset of approximately $3 million (net of federal benefit) has been established for the net operating loss carry-forward, with a full valuation allowance as of december 31, 2017. other state and foreign net operating loss carry-forwards are separately and cumulatively immaterial to the company 2019s deferred tax balances and expire between 2026 and 2036. 14. debt long-term debt consisted of the following:. ($in millions) | december 31 2017 | december 31 2016 senior notes due december 15 2021 5.000% (5.000%) | 2014 | 600 senior notes due november 15 2025 5.000% (5.000%) | 600 | 600 senior notes due december 1 2027 3.483% (3.483%) | 600 | 2014 mississippi economic development revenue bonds due may 1 2024 7.81% (7.81%) | 84 | 84 gulf opportunity zone industrial development revenue bonds due december 1 2028 4.55% (4.55%) | 21 | 21 less unamortized debt issuance costs | -26 (26) | -27 (27) total long-term debt | 1279 | 1278 credit facility - in november 2017, the company terminated its second amended and restated credit agreement and entered into a new credit agreement (the "credit facility") with third-party lenders. the credit facility includes a revolving credit facility of $1250 million, which may be drawn upon during a period of five years from november 22, 2017. the revolving credit facility includes a letter of credit subfacility of $500 million. the revolving credit facility has a variable interest rate on outstanding borrowings based on the london interbank offered rate ("libor") plus a spread based upon the company's credit rating, which may vary between 1.125% (1.125%) and 1.500% (1.500%). the revolving credit facility also has a commitment fee rate on the unutilized balance based on the company 2019s leverage ratio. the commitment fee rate as of december 31, 2017 was 0.25% (0.25%) and may vary between 0.20% (0.20%) and 0.30% (0.30%). the credit facility contains customary affirmative and negative covenants, as well as a financial covenant based on a maximum total leverage ratio. each of the company's existing and future material wholly owned domestic subsidiaries, except those that are specifically designated as unrestricted subsidiaries, are and will be guarantors under the credit facility. in july 2015, the company used cash on hand to repay all amounts outstanding under a prior credit facility, including $345 million in principal amount of outstanding term loans. as of december 31, 2017, $15 million in letters of credit were issued but undrawn, and the remaining $1235 million of the revolving credit facility was unutilized. the company had unamortized debt issuance costs associated with its credit facilities of $11 million and $8 million as of december 31, 2017 and 2016, respectively. senior notes - in december 2017, the company issued $600 million aggregate principal amount of unregistered 3.483% (3.483%) senior notes with registration rights due december 2027, the net proceeds of which were used to repurchase the company's 5.000% (5.000%) senior notes due in 2021 in connection with the 2017 redemption described below. in november 2015, the company issued $600 million aggregate principal amount of unregistered 5.000% (5.000%) senior notes due november 2025, the net proceeds of which were used to repurchase the company's 7.125% (7.125%) senior notes due in 2021 in connection with the 2015 tender offer and redemption described below. interest on the company's senior notes is payable semi-annually. the terms of the 5.000% (5.000%) and 3.483% (3.483%) senior notes limit the company 2019s ability and the ability of certain of its subsidiaries to create liens, enter into sale and leaseback transactions, sell assets, and effect consolidations or mergers. the company had unamortized debt issuance costs associated with the senior notes of $15 million and $19 million as of december 31, 2017 and 2016, respectively.. what was the change in the unamortized debt issuance costs associated with the senior notes between 2016 and 2017?

-4.0

in the ordinary course of business, based on our evaluations of certain geologic trends and prospective economics, we have allowed certain lease acreage to expire and may allow additional acreage to expire in the future. if production is not established or we take no other action to extend the terms of the leases, licenses or concessions, undeveloped acreage listed in the table below will expire over the next three years. we plan to continue the terms of certain of these licenses and concession areas or retain leases through operational or administrative actions; however, the majority of the undeveloped acres associated with other africa as listed in the table below pertains to our licenses in ethiopia and kenya, for which we executed agreements in 2015 to sell. the kenya transaction closed in february 2016 and the ethiopia transaction is expected to close in the first quarter of 2016. see item 8. financial statements and supplementary data - note 5 to the consolidated financial statements for additional information about this disposition. net undeveloped acres expiring year ended december 31. (in thousands) | net undeveloped acres expiring year ended december 31, 2016 | net undeveloped acres expiring year ended december 31, 2017 | net undeveloped acres expiring year ended december 31, 2018 u.s. | 68 | 89 | 128 e.g. | 2014 | 92 | 36 other africa | 189 | 4352 | 854 total africa | 189 | 4444 | 890 other international | 2014 | 2014 | 2014 total | 257 | 4533 | 1018 . what was the total african and us net undeveloped acres expiring in 2016? 257.0 what percentage of undeveloped acres were in the us in 2018?

0.12574

credit facility, which was amended in 2013 and 2012. in march 2014, the company 2019s credit facility was further amended to extend the maturity date to march 2019. the amount of the aggregate commitment is $3.990 billion (the 201c2014 credit facility 201d). the 2014 credit facility permits the company to request up to an additional $1.0 billion of borrowing capacity, subject to lender credit approval, increasing the overall size of the 2014 credit facility to an aggregate principal amount not to exceed $4.990 billion. interest on borrowings outstanding accrues at a rate based on the applicable london interbank offered rate plus a spread. the 2014 credit facility requires the company not to exceed a maximum leverage ratio (ratio of net debt to earnings before interest, taxes, depreciation and amortization, where net debt equals total debt less unrestricted cash) of 3 to 1, which was satisfied with a ratio of less than 1 to 1 at december 31, 2014. the 2014 credit facility provides back-up liquidity, funds ongoing working capital for general corporate purposes and funds various investment opportunities. at december 31, 2014, the company had no amount outstanding under the 2014 credit facility. commercial paper program. on october 14, 2009, blackrock established a commercial paper program (the 201ccp program 201d) under which the company could issue unsecured commercial paper notes (the 201ccp notes 201d) on a private placement basis up to a maximum aggregate amount outstanding at any time of $3.0 billion. blackrock increased the maximum aggregate amount that could be borrowed under the cp program to $3.5 billion in 2011 and to $3.785 billion in 2012. in april 2013, blackrock increased the maximum aggregate amount for which the company could issue unsecured cp notes on a private-placement basis up to a maximum aggregate amount outstanding at any time of $3.990 billion. the cp program is currently supported by the 2014 credit facility. at december 31, 2014, blackrock had no cp notes outstanding. long-term borrowings the carrying value and fair value of long-term borrowings estimated using market prices at december 31, 2014 included the following: (in millions) maturity amount unamortized discount carrying value fair value. (in millions) | maturity amount | unamortized discount | carrying value | fair value 1.375% (1.375%) notes due 2015 | $750 | $2014 | $750 | $753 6.25% (6.25%) notes due 2017 | 700 | -1 (1) | 699 | 785 5.00% (5.00%) notes due 2019 | 1000 | -2 (2) | 998 | 1134 4.25% (4.25%) notes due 2021 | 750 | -3 (3) | 747 | 825 3.375% (3.375%) notes due 2022 | 750 | -3 (3) | 747 | 783 3.50% (3.50%) notes due 2024 | 1000 | -3 (3) | 997 | 1029 total long-term borrowings | $4950 | $-12 (12) | $4938 | $5309 long-term borrowings at december 31, 2013 had a carrying value of $4.939 billion and a fair value of $5.284 billion determined using market prices at the end of december 2013. 2024 notes. in march 2014, the company issued $1.0 billion in aggregate principal amount of 3.50% (3.50%) senior unsecured and unsubordinated notes maturing on march 18, 2024 (the 201c2024 notes 201d). the net proceeds of the 2024 notes were used to refinance certain indebtedness which matured in the fourth quarter of 2014. interest is payable semi-annually in arrears on march 18 and september 18 of each year, or approximately $35 million per year. the 2024 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price. the 2024 notes were issued at a discount of $3 million that is being amortized over the term of the notes. the company incurred approximately $6 million of debt issuance costs, which are being amortized over the term of the 2024 notes. at december 31, 2014, $6 million of unamortized debt issuance costs was included in other assets on the consolidated statement of financial condition. 2015 and 2022 notes. in may 2012, the company issued $1.5 billion in aggregate principal amount of unsecured unsubordinated obligations. these notes were issued as two separate series of senior debt securities, including $750 million of 1.375% (1.375%) notes maturing in june 2015 (the 201c2015 notes 201d) and $750 million of 3.375% (3.375%) notes maturing in june 2022 (the 201c2022 notes 201d). net proceeds were used to fund the repurchase of blackrock 2019s common stock and series b preferred from barclays and affiliates and for general corporate purposes. interest on the 2015 notes and the 2022 notes of approximately $10 million and $25 million per year, respectively, is payable semi-annually on june 1 and december 1 of each year, which commenced december 1, 2012. the 2015 notes and 2022 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price. the 201cmake-whole 201d redemption price represents a price, subject to the specific terms of the 2015 and 2022 notes and related indenture, that is the greater of (a) par value and (b) the present value of future payments that will not be paid because of an early redemption, which is discounted at a fixed spread over a comparable treasury security. the 2015 notes and 2022 notes were issued at a discount of $5 million that is being amortized over the term of the notes. the company incurred approximately $7 million of debt issuance costs, which are being amortized over the respective terms of the 2015 notes and 2022 notes. at december 31, 2014, $4 million of unamortized debt issuance costs was included in other assets on the consolidated statement of financial condition. 2021 notes. in may 2011, the company issued $1.5 billion in aggregate principal amount of unsecured unsubordinated obligations. these notes were issued as two separate series of senior debt securities, including $750 million of 4.25% (4.25%) notes maturing in may 2021 and $750 million of floating rate notes (201c2013 floating rate notes 201d), which were repaid in may 2013 at maturity. net proceeds of this offering were used to fund the repurchase of blackrock 2019s series b preferred from affiliates of merrill lynch & co., inc. (201cmerrill lynch 201d). interest. what is the ratio of fair value to carrying value? 1.07513 what is that less 1?

0.07513

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 2015 | (losses) earnings 2014 | 2013 currency translation adjustments | $-6129 (6129) | $-3929 (3929) | $-2207 (2207) pension and other benefits | -3332 (3332) | -3020 (3020) | -2046 (2046) derivatives accounted for as hedges | 59 | 123 | 63 total accumulated other comprehensive losses | $-9402 (9402) | $-6826 (6826) | $-4190 (4190) reclassifications from other comprehensive earnings the movements in accumulated other comprehensive losses and the related tax impact, for each of the components above, that are due to current period activity and reclassifications to the income statement are shown on the consolidated statements of comprehensive earnings for the years ended december 31, 2015, 2014, and 2013. the movement in currency translation adjustments for the year ended december 31, 2013, was also impacted by the purchase of the remaining shares of the mexican tobacco business. in addition, $1 million, $5 million and $12 million of net currency translation adjustment gains were transferred from other comprehensive earnings to marketing, administration and research costs in the consolidated statements of earnings for the years ended december 31, 2015, 2014 and 2013, respectively, upon liquidation of subsidiaries. for additional information, see note 13. benefit plans and note 15. financial instruments for disclosures related to pmi's pension and other benefits and derivative financial instruments. note 18. colombian investment and cooperation agreement: on june 19, 2009, pmi announced that it had signed an agreement with the republic of colombia, together with the departments of colombia and the capital district of bogota, to promote investment and cooperation with respect to the colombian tobacco market and to fight counterfeit and contraband tobacco products. the investment and cooperation agreement provides $200 million in funding to the colombian governments over a 20-year period to address issues of mutual interest, such as combating the illegal cigarette trade, including the threat of counterfeit tobacco products, and increasing the quality and quantity of locally grown tobacco. as a result of the investment and cooperation agreement, pmi recorded a pre-tax charge of $135 million in the operating results of the latin america & canada segment during the second quarter of 2009. at december 31, 2015 and 2014, pmi had $73 million and $71 million, respectively, of discounted liabilities associated with the colombian investment and cooperation agreement. these discounted liabilities are primarily reflected in other long-term liabilities on the consolidated balance sheets and are expected to be paid through 2028. note 19. rbh legal settlement: on july 31, 2008, rothmans inc. ("rothmans") announced the finalization of a cad 550 million settlement (or approximately $540 million, based on the prevailing exchange rate at that time) between itself and rothmans, benson & hedges inc. ("rbh"), on the one hand, and the government of canada and all 10 provinces, on the other hand. the settlement resolved the royal canadian mounted police's investigation relating to products exported from canada by rbh during the 1989-1996 period. rothmans' sole holding was a 60% (60%) interest in rbh. the remaining 40% (40%) interest in rbh was owned by pmi.. what were the total accumulated other comprehensive losses in 2015? 9402.0 and what were they in 2014?

6826.0

credit facility, which was amended in 2013 and 2012. in march 2014, the company 2019s credit facility was further amended to extend the maturity date to march 2019. the amount of the aggregate commitment is $3.990 billion (the 201c2014 credit facility 201d). the 2014 credit facility permits the company to request up to an additional $1.0 billion of borrowing capacity, subject to lender credit approval, increasing the overall size of the 2014 credit facility to an aggregate principal amount not to exceed $4.990 billion. interest on borrowings outstanding accrues at a rate based on the applicable london interbank offered rate plus a spread. the 2014 credit facility requires the company not to exceed a maximum leverage ratio (ratio of net debt to earnings before interest, taxes, depreciation and amortization, where net debt equals total debt less unrestricted cash) of 3 to 1, which was satisfied with a ratio of less than 1 to 1 at december 31, 2014. the 2014 credit facility provides back-up liquidity, funds ongoing working capital for general corporate purposes and funds various investment opportunities. at december 31, 2014, the company had no amount outstanding under the 2014 credit facility. commercial paper program. on october 14, 2009, blackrock established a commercial paper program (the 201ccp program 201d) under which the company could issue unsecured commercial paper notes (the 201ccp notes 201d) on a private placement basis up to a maximum aggregate amount outstanding at any time of $3.0 billion. blackrock increased the maximum aggregate amount that could be borrowed under the cp program to $3.5 billion in 2011 and to $3.785 billion in 2012. in april 2013, blackrock increased the maximum aggregate amount for which the company could issue unsecured cp notes on a private-placement basis up to a maximum aggregate amount outstanding at any time of $3.990 billion. the cp program is currently supported by the 2014 credit facility. at december 31, 2014, blackrock had no cp notes outstanding. long-term borrowings the carrying value and fair value of long-term borrowings estimated using market prices at december 31, 2014 included the following: (in millions) maturity amount unamortized discount carrying value fair value. (in millions) | maturity amount | unamortized discount | carrying value | fair value 1.375% (1.375%) notes due 2015 | $750 | $2014 | $750 | $753 6.25% (6.25%) notes due 2017 | 700 | -1 (1) | 699 | 785 5.00% (5.00%) notes due 2019 | 1000 | -2 (2) | 998 | 1134 4.25% (4.25%) notes due 2021 | 750 | -3 (3) | 747 | 825 3.375% (3.375%) notes due 2022 | 750 | -3 (3) | 747 | 783 3.50% (3.50%) notes due 2024 | 1000 | -3 (3) | 997 | 1029 total long-term borrowings | $4950 | $-12 (12) | $4938 | $5309 long-term borrowings at december 31, 2013 had a carrying value of $4.939 billion and a fair value of $5.284 billion determined using market prices at the end of december 2013. 2024 notes. in march 2014, the company issued $1.0 billion in aggregate principal amount of 3.50% (3.50%) senior unsecured and unsubordinated notes maturing on march 18, 2024 (the 201c2024 notes 201d). the net proceeds of the 2024 notes were used to refinance certain indebtedness which matured in the fourth quarter of 2014. interest is payable semi-annually in arrears on march 18 and september 18 of each year, or approximately $35 million per year. the 2024 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price. the 2024 notes were issued at a discount of $3 million that is being amortized over the term of the notes. the company incurred approximately $6 million of debt issuance costs, which are being amortized over the term of the 2024 notes. at december 31, 2014, $6 million of unamortized debt issuance costs was included in other assets on the consolidated statement of financial condition. 2015 and 2022 notes. in may 2012, the company issued $1.5 billion in aggregate principal amount of unsecured unsubordinated obligations. these notes were issued as two separate series of senior debt securities, including $750 million of 1.375% (1.375%) notes maturing in june 2015 (the 201c2015 notes 201d) and $750 million of 3.375% (3.375%) notes maturing in june 2022 (the 201c2022 notes 201d). net proceeds were used to fund the repurchase of blackrock 2019s common stock and series b preferred from barclays and affiliates and for general corporate purposes. interest on the 2015 notes and the 2022 notes of approximately $10 million and $25 million per year, respectively, is payable semi-annually on june 1 and december 1 of each year, which commenced december 1, 2012. the 2015 notes and 2022 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price. the 201cmake-whole 201d redemption price represents a price, subject to the specific terms of the 2015 and 2022 notes and related indenture, that is the greater of (a) par value and (b) the present value of future payments that will not be paid because of an early redemption, which is discounted at a fixed spread over a comparable treasury security. the 2015 notes and 2022 notes were issued at a discount of $5 million that is being amortized over the term of the notes. the company incurred approximately $7 million of debt issuance costs, which are being amortized over the respective terms of the 2015 notes and 2022 notes. at december 31, 2014, $4 million of unamortized debt issuance costs was included in other assets on the consolidated statement of financial condition. 2021 notes. in may 2011, the company issued $1.5 billion in aggregate principal amount of unsecured unsubordinated obligations. these notes were issued as two separate series of senior debt securities, including $750 million of 4.25% (4.25%) notes maturing in may 2021 and $750 million of floating rate notes (201c2013 floating rate notes 201d), which were repaid in may 2013 at maturity. net proceeds of this offering were used to fund the repurchase of blackrock 2019s series b preferred from affiliates of merrill lynch & co., inc. (201cmerrill lynch 201d). interest. what was the amount of notes maturing in june 2022? 750.0 and the maturity amount due in 2017? 700.0 combined, what is the total of these two values?

1450.0

page 31 of 94 other liquidity items cash payments required for long-term debt maturities, rental payments under noncancellable operating leases, purchase obligations and other commitments in effect at december 31, 2007, are summarized in the following table:. ($in millions) | payments due by period (a) total | payments due by period (a) less than 1 year | payments due by period (a) 1-3 years | payments due by period (a) 3-5 years | payments due by period (a) more than 5 years long-term debt | $2302.6 | $126.1 | $547.6 | $1174.9 | $454.0 capital lease obligations | 4.4 | 1.0 | 0.8 | 0.5 | 2.1 interest payments on long-term debt (b) | 698.6 | 142.9 | 246.3 | 152.5 | 156.9 operating leases | 218.5 | 49.9 | 71.7 | 42.5 | 54.4 purchase obligations (c) | 6092.6 | 2397.2 | 3118.8 | 576.6 | 2013 common stock repurchase agreements | 131.0 | 131.0 | 2013 | 2013 | 2013 legal settlement | 70.0 | 70.0 | 2013 | 2013 | 2013 total payments on contractual obligations | $9517.7 | $2918.1 | $3985.2 | $1947.0 | $667.4 total payments on contractual obligations $9517.7 $2918.1 $3985.2 $1947.0 $667.4 (a) amounts reported in local currencies have been translated at the year-end exchange rates. (b) for variable rate facilities, amounts are based on interest rates in effect at year end and do not contemplate the effects of hedging instruments. (c) the company 2019s purchase obligations include contracted amounts for aluminum, steel, plastic resin and other direct materials. also included are commitments for purchases of natural gas and electricity, aerospace and technologies contracts and other less significant items. in cases where variable prices and/or usage are involved, management 2019s best estimates have been used. depending on the circumstances, early termination of the contracts may not result in penalties and, therefore, actual payments could vary significantly. contributions to the company 2019s defined benefit pension plans, not including the unfunded german plans, are expected to be $49 million in 2008. this estimate may change based on plan asset performance. benefit payments related to these plans are expected to be $66 million, $70 million, $74 million, $77 million and $82 million for the years ending december 31, 2008 through 2012, respectively, and a total of $473 million for the years 2013 through 2017. payments to participants in the unfunded german plans are expected to be approximately $26 million in each of the years 2008 through 2012 and a total of $136 million for the years 2013 through 2017. in accordance with united kingdom pension regulations, ball has provided an a38 million guarantee to the plan for its defined benefit plan in the united kingdom. if the company 2019s credit rating falls below specified levels, ball will be required to either: (1) contribute an additional a38 million to the plan; (2) provide a letter of credit to the plan in that amount or (3) if imposed by the appropriate regulatory agency, provide a lien on company assets in that amount for the benefit of the plan. the guarantee can be removed upon approval by both ball and the pension plan trustees. our share repurchase program in 2007 was $211.3 million, net of issuances, compared to $45.7 million net repurchases in 2006 and $358.1 million in 2005. the net repurchases included the $51.9 million settlement on january 5, 2007, of a forward contract entered into in december 2006 for the repurchase of 1200000 shares. however, the 2007 net repurchases did not include a forward contract entered into in december 2007 for the repurchase of 675000 shares. the contract was settled on january 7, 2008, for $31 million in cash. on december 12, 2007, in a privately negotiated transaction, ball entered into an accelerated share repurchase agreement to buy $100 million of its common shares using cash on hand and available borrowings. the company advanced the $100 million on january 7, 2008, and received approximately 2 million shares, which represented 90 percent of the total shares as calculated using the previous day 2019s closing price. the exact number of shares to be repurchased under the agreement, which will be determined on the settlement date (no later than june 5, 2008), is subject to an adjustment based on a weighted average price calculation for the period between the initial purchase date and the settlement date. the company has the option to settle the contract in either cash or shares. including the settlements of the forward share purchase contract and the accelerated share repurchase agreement, we expect to repurchase approximately $300 million of our common shares, net of issuances, in 2008. annual cash dividends paid on common stock were 40 cents per share in 2007, 2006 and 2005. total dividends paid were $40.6 million in 2007, $41 million in 2006 and $42.5 million in 2005.. what is the last year in which payments to participants in the unfunded german plans are expected to be approximately $26 million? 2012.0 and what is the first year? 2008.0 how many years, then, are comprehended in this period?

4.0

mandatorily redeemable securities of subsidiary trusts total mandatorily redeemable securities of subsidiary trusts (trust preferred securities), which qualify as tier 1 capital, were $23.899 billion at december 31, 2008, as compared to $23.594 billion at december 31, 2007. in 2008, citigroup did not issue any new enhanced trust preferred securities. the frb issued a final rule, with an effective date of april 11, 2005, which retains trust preferred securities in tier 1 capital of bank holding companies, but with stricter quantitative limits and clearer qualitative standards. under the rule, after a five-year transition period, the aggregate amount of trust preferred securities and certain other restricted core capital elements included in tier 1 capital of internationally active banking organizations, such as citigroup, would be limited to 15% (15%) of total core capital elements, net of goodwill, less any associated deferred tax liability. the amount of trust preferred securities and certain other elements in excess of the limit could be included in tier 2 capital, subject to restrictions. at december 31, 2008, citigroup had approximately 11.8% (11.8%) against the limit. the company expects to be within restricted core capital limits prior to the implementation date of march 31, 2009. the frb permits additional securities, such as the equity units sold to adia, to be included in tier 1 capital up to 25% (25%) (including the restricted core capital elements in the 15% (15%) limit) of total core capital elements, net of goodwill less any associated deferred tax liability. at december 31, 2008, citigroup had approximately 16.1% (16.1%) against the limit. the frb granted interim capital relief for the impact of adopting sfas 158 at december 31, 2008 and december 31, 2007. the frb and the ffiec may propose amendments to, and issue interpretations of, risk-based capital guidelines and reporting instructions. these may affect reported capital ratios and net risk-weighted assets. capital resources of citigroup 2019s depository institutions citigroup 2019s subsidiary depository institutions in the united states are subject to risk-based capital guidelines issued by their respective primary federal bank regulatory agencies, which are similar to the frb 2019s guidelines. to be 201cwell capitalized 201d under federal bank regulatory agency definitions, citigroup 2019s depository institutions must have a tier 1 capital ratio of at least 6% (6%), a total capital (tier 1 + tier 2 capital) ratio of at least 10% (10%) and a leverage ratio of at least 5% (5%), and not be subject to a regulatory directive to meet and maintain higher capital levels. at december 31, 2008, all of citigroup 2019s subsidiary depository institutions were 201cwell capitalized 201d under the federal regulatory agencies 2019 definitions, including citigroup 2019s primary depository institution, citibank, n.a., as noted in the following table: citibank, n.a. components of capital and ratios under regulatory guidelines in billions of dollars at year end 2008 2007. in billions of dollars at year end | 2008 | 2007 tier 1 capital | $71.0 | $82.0 total capital (tier 1 and tier 2) | 108.4 | 121.6 tier 1 capital ratio | 9.94% (9.94%) | 8.98% (8.98%) total capital ratio (tier 1 and tier 2) | 15.18 | 13.33 leverage ratio (1) | 5.82 | 6.65 leverage ratio (1) 5.82 6.65 (1) tier 1 capital divided by adjusted average assets. citibank, n.a. had a net loss for 2008 amounting to $6.2 billion. during 2008, citibank, n.a. received contributions from its parent company of $6.1 billion. citibank, n.a. did not issue any additional subordinated notes in 2008. total subordinated notes issued to citicorp holdings inc. that were outstanding at december 31, 2008 and december 31, 2007 and included in citibank, n.a. 2019s tier 2 capital, amounted to $28.2 billion. citibank, n.a. received an additional $14.3 billion in capital contribution from its parent company in january 2009. the impact of this contribution is not reflected in the table above. the substantial events in 2008 impacting the capital of citigroup, and the potential future events discussed on page 94 under 201ccitigroup regulatory capital ratios, 201d also affected, or could affect, citibank, n.a.. what was the tier 2 capital in 2008? 37.4 and what was it in 2007? 39.6 how much, then, did the 2008 amount represent in relation to this 2007 one? 0.94444 and in that last year of the period, what was the total capital? 108.4 what was it in 2007? 121.6 by how much, then, did it increase over the year?

-13.2

notes to consolidated financial statements 2014 (continued) (amounts in millions, except per share amounts) a summary of the remaining liability for the 2007, 2003 and 2001 restructuring programs is as follows: program program program total. - | 2007 program | 2003 program | 2001 program | total liability at december 31 2006 | $2014 | $12.6 | $19.2 | $31.8 net charges (reversals) and adjustments | 19.1 | -0.5 (0.5) | -5.2 (5.2) | 13.4 payments and other1 | -7.2 (7.2) | -3.1 (3.1) | -5.3 (5.3) | -15.6 (15.6) liability at december 31 2007 | $11.9 | $9.0 | $8.7 | $29.6 net charges and adjustments | 4.3 | 0.8 | 0.7 | 5.8 payments and other1 | -15.0 (15.0) | -4.1 (4.1) | -3.5 (3.5) | -22.6 (22.6) liability at december 31 2008 | $1.2 | $5.7 | $5.9 | $12.8 1 includes amounts representing adjustments to the liability for changes in foreign currency exchange rates. other reorganization-related charges other reorganization-related charges relate to our realignment of our media businesses into a newly created management entity called mediabrands and the 2006 merger of draft worldwide and foote, cone and belding worldwide to create draftfcb. charges related to severance and terminations costs and lease termination and other exit costs. we expect charges associated with mediabrands to be completed during the first half of 2009. charges related to the creation of draftfcb in 2006 are complete. the charges were separated from the rest of our operating expenses within the consolidated statements of operations because they did not result from charges that occurred in the normal course of business.. what was the value of liability in 2007? 1.2 what was it in 2003? 5.7 what is the sum of those 2 years? 6.9 what is the total sum including the 2001 value?

12.8

during the fourth quarter of 2010, schlumberger issued 20ac1.0 billion 2.75% (2.75%) guaranteed notes due under this program. schlumberger entered into agreements to swap these euro notes for us dollars on the date of issue until maturity, effectively making this a us denominated debt on which schlumberger will pay interest in us dollars at a rate of 2.56% (2.56%). during the first quarter of 2009, schlumberger issued 20ac1.0 billion 4.50% (4.50%) guaranteed notes due 2014 under this program. schlumberger entered into agreements to swap these euro notes for us dollars on the date of issue until maturity, effectively making this a us dollar denominated debt on which schlumberger will pay interest in us dollars at a rate of 4.95% (4.95%). 0160 on april 17, 2008, the schlumberger board of directors approved an $8 billion share repurchase program for shares of schlumberger common stock, to be acquired in the open market before december 31, 2011. on july 21, 2011, the schlumberger board of directors approved an extension of this repurchase program to december 31, 2013. schlumberger had repurchased $7.12 billion of shares under this program as of december 31, 2012. the following table summarizes the activity under this share repurchase program during 2012, 2011 and 2010: (stated in thousands except per share amounts) total cost of shares purchased total number of shares purchased average price paid per share. - | total cost of shares purchased | total number of shares purchased | average price paid per share 2012 | $971883 | 14087.8 | $68.99 2011 | $2997688 | 36940.4 | $81.15 2010 | $1716675 | 26624.8 | $64.48 0160 cash flow provided by operations was $6.8 billion in 2012, $6.1 billion in 2011 and $5.5 billion in 2010. in recent years, schlumberger has actively managed its activity levels in venezuela relative to its accounts receivable balance, and has recently experienced an increased delay in payment from its national oil company customer there. schlumberger operates in approximately 85 countries. at december 31, 2012, only five of those countries (including venezuela) individually accounted for greater than 5% (5%) of schlumberger 2019s accounts receivable balance of which only one, the united states, represented greater than 10% (10%). 0160 dividends paid during 2012, 2011 and 2010 were $1.43 billion, $1.30 billion and $1.04 billion, respectively. on january 17, 2013, schlumberger announced that its board of directors had approved an increase in the quarterly dividend of 13.6% (13.6%), to $0.3125. on january 19, 2012, schlumberger announced that its board of directors had approved an increase in the quarterly dividend of 10% (10%), to $0.275. on january 21, 2011, schlumberger announced that its board of directors had approved an increase in the quarterly dividend of 19% (19%), to $0.25. 0160 capital expenditures were $4.7 billion in 2012, $4.0 billion in 2011 and $2.9 billion in 2010. capital expenditures are expected to approach $3.9 billion for the full year 2013. 0160 during 2012, 2011 and 2010 schlumberger made contributions of $673 million, $601 million and $868 million, respectively, to its postretirement benefit plans. the us pension plans were 82% (82%) funded at december 31, 2012 based on the projected benefit obligation. this compares to 87% (87%) funded at december 31, 2011. schlumberger 2019s international defined benefit pension plans are a combined 88% (88%) funded at december 31, 2012 based on the projected benefit obligation. this compares to 88% (88%) funded at december 31, 2011. schlumberger currently anticipates contributing approximately $650 million to its postretirement benefit plans in 2013, subject to market and business conditions. 0160 there were $321 million outstanding series b debentures at december 31, 2009. during 2010, the remaining $320 million of the 2.125% (2.125%) series b convertible debentures due june 1, 2023 were converted by holders into 8.0 million shares of schlumberger common stock and the remaining $1 million of outstanding series b debentures were redeemed for cash.. as of december 31, 2012, what was the remaining amount under the share repurchase program for shares of schlumberger common stock? 0.88 and in the year before, what was the average price paid per share?

81.15

net revenues include $3.8 billion in 2017 and $739 million in 2016 related to the sale of rrps, mainly driven by japan. these net revenue amounts include excise taxes billed to customers. excluding excise taxes, net revenues for rrps were $3.6 billion in 2017 and $733 million in 2016. in some jurisdictions, including japan, we are not responsible for collecting excise taxes. in 2017, approximately $0.9 billion of our $3.6 billion in rrp net revenues, excluding excise taxes, were from iqos devices and accessories. excise taxes on products increased by $1.1 billion, due to: 2022 higher excise taxes resulting from changes in retail prices and tax rates ($4.6 billion), partially offset by 2022 favorable currency ($1.9 billion) and 2022 lower excise taxes resulting from volume/mix ($1.6 billion). our cost of sales; marketing, administration and research costs; and operating income were as follows: for the years ended december 31, variance. (in millions) | for the years ended december 31, 2017 | for the years ended december 31, 2016 | for the years ended december 31, $|% (%) cost of sales | $10432 | $9391 | $1041 | 11.1% (11.1%) marketing administration and research costs | 6725 | 6405 | 320 | 5.0% (5.0%) operating income | 11503 | 10815 | 688 | 6.4% (6.4%) cost of sales increased by $1.0 billion, due to: 2022 higher cost of sales resulting from volume/mix ($1.1 billion), partly offset by 2022 lower manufacturing costs ($36 million) and 2022 favorable currency ($30 million). marketing, administration and research costs increased by $320 million, due to: 2022 higher expenses ($570 million, largely reflecting increased investment behind reduced-risk products, predominately in the european union and asia), partly offset by 2022 favorable currency ($250 million). operating income increased by $688 million, due primarily to: 2022 price increases ($1.4 billion), partly offset by 2022 higher marketing, administration and research costs ($570 million) and 2022 unfavorable currency ($157 million). interest expense, net, of $914 million increased by $23 million, due primarily to unfavorably currency and higher average debt levels, partly offset by higher interest income. our effective tax rate increased by 12.8 percentage points to 40.7% (40.7%). the 2017 effective tax rate was unfavorably impacted by $1.6 billion due to the tax cuts and jobs act. for further details, see item 8, note 11. income taxes to our consolidated financial statements. we are continuing to evaluate the impact that the tax cuts and jobs act will have on our tax liability. based upon our current interpretation of the tax cuts and jobs act, we estimate that our 2018 effective tax rate will be approximately 28% (28%), subject to future regulatory developments and earnings mix by taxing jurisdiction. we are regularly examined by tax authorities around the world, and we are currently under examination in a number of jurisdictions. it is reasonably possible that within the next 12 months certain tax examinations will close, which could result in a change in unrecognized tax benefits along with related interest and penalties. an estimate of any possible change cannot be made at this time. net earnings attributable to pmi of $6.0 billion decreased by $932 million (13.4% (13.4%)). this decrease was due primarily to a higher effective tax rate as discussed above, partly offset by higher operating income. diluted and basic eps of $3.88 decreased by 13.4% (13.4%). excluding. what was the operating income in 2017? 11503.0 and what was it in 2016? 10815.0 what was, then, the change over the year?

688.0

the company had net realized capital losses for 2015 of $184.1 million. in 2015, the company recorded $102.2 million of other-than-temporary impairments on fixed maturity securities, $45.6 million of losses due to fair value re-measurements and $36.3 million of net realized capital losses from sales of fixed maturity and equity securities. in 2014, net realized capital gains were $84.0 million due to $121.7 million of gains from fair value re-measurements on fixed maturity and equity securities and $1.9 million of net realized capital gains from sales of fixed maturity and equity securities, partially offset by $39.5 million of other-than- temporary impairments on fixed maturity securities. in 2013, net realized capital gains were $300.2 million due to $258.9 million of gains due to fair value re-measurements on fixed maturity and equity securities and $42.4 million of net realized capital gains from sales of fixed maturity and equity securities, partially offset by $1.1 million of other-than-temporary impairments on fixed maturity securities. the company 2019s cash and invested assets totaled $17.7 billion at december 31, 2015, which consisted of 87.4% (87.4%) fixed maturities and cash, of which 91.4% (91.4%) were investment grade; 8.2% (8.2%) equity securities and 4.4% (4.4%) other invested assets. the average maturity of fixed maturity securities was 4.1 years at december 31, 2015, and their overall duration was 3.0 years. as of december 31, 2015, the company did not have any direct investments in commercial real estate or direct commercial mortgages or any material holdings of derivative investments (other than equity index put option contracts as discussed in item 8, 201cfinancial statements and supplementary data 201d - note 4 of notes to consolidated financial statements) or securities of issuers that are experiencing cash flow difficulty to an extent that the company 2019s management believes could threaten the issuer 2019s ability to meet debt service payments, except where other-than-temporary impairments have been recognized. the company 2019s investment portfolio includes structured commercial mortgage-backed securities (201ccmbs 201d) with a book value of $264.9 million and a market value of $266.3 million. cmbs securities comprising more than 70% (70%) of the december 31, 2015 market value are rated aaa by standard & poor 2019s financial services llc (201cstandard & poor 2019s 201d). furthermore, securities comprising more than 90% (90%) of the market value are rated investment grade by standard & poor 2019s. the following table reflects investment results for the company for the periods indicated:. (dollars in millions) | december 31, average investments (1) | december 31, pre-tax investment income (2) | december 31, pre-tax effective yield | december 31, pre-tax realized net capital (losses) gains (3) | december 31, pre-tax unrealized net capital gains (losses) 2015 | $17430.8 | $473.8 | 2.72% (2.72%) | $-184.1 (184.1) | $-194.0 (194.0) 2014 | 16831.9 | 530.6 | 3.15% (3.15%) | 84.0 | 20.3 2013 | 16472.5 | 548.5 | 3.33% (3.33%) | 300.2 | -467.2 (467.2) 2012 | 16220.9 | 600.2 | 3.70% (3.70%) | 164.4 | 161.0 2011 | 15680.9 | 620.0 | 3.95% (3.95%) | 6.9 | 106.6 pre-tax pre-tax pre-tax pre-tax realized net unrealized net average investment effective capital (losses) capital gains (dollars in millions) investments (1) income (2) yield gains (3) (losses) 17430.8$473.8$2.72% (2.72%) (184.1) $(194.0) $16831.9 530.6 3.15% (3.15%) 84.0 20.3 16472.5 548.5 3.33% (3.33%) 300.2 (467.2) 16220.9 600.2 3.70% (3.70%) 164.4 161.0 15680.9 620.0 3.95% (3.95%) 6.9 106.6 (1) average of the beginning and ending carrying values of investments and cash, less net funds held, future policy benefit reserve, and non-interest bearing cash. bonds, common stock and redeemable and non-redeemable preferred stocks are carried at market value. common stock which are actively managed are carried at fair value. (2) after investment expenses, excluding realized net capital gains (losses). (3) included in 2015, 2014, 2013, 2012 and 2011 are fair value re-measurements of ($45.6) million, $121.7 million, $258.9 million, $118.1 million and ($4.4) million, respectively.. what was the change in the average of investments from 2014 to 2015?

598.9

note 6: inventories we use the last-in, first-out (lifo) method for the majority of our inventories located in the continental u.s. other inventories are valued by the first-in, first-out (fifo) method. fifo cost approximates current replacement cost. inventories measured using lifo must be valued at the lower of cost or market. inventories measured using fifo must be valued at the lower of cost or net realizable value. inventories at december 31 consisted of the following:. - | 2018 | 2017 finished products | $988.1 | $1211.4 work in process | 2628.2 | 2697.7 raw materials and supplies | 506.5 | 488.8 total (approximates replacement cost) | 4122.8 | 4397.9 increase (reduction) to lifo cost | -11.0 (11.0) | 60.4 inventories | $4111.8 | $4458.3 inventories valued under the lifo method comprised $1.57 billion and $1.56 billion of total inventories at december 31, 2018 and 2017, respectively. note 7: financial instruments financial instruments that potentially subject us to credit risk consist principally of trade receivables and interest- bearing investments. wholesale distributors of life-science products account for a substantial portion of our trade receivables; collateral is generally not required. we seek to mitigate the risk associated with this concentration through our ongoing credit-review procedures and insurance. a large portion of our cash is held by a few major financial institutions. we monitor our exposures with these institutions and do not expect any of these institutions to fail to meet their obligations. major financial institutions represent the largest component of our investments in corporate debt securities. in accordance with documented corporate risk-management policies, we monitor the amount of credit exposure to any one financial institution or corporate issuer. we are exposed to credit-related losses in the event of nonperformance by counterparties to risk-management instruments but do not expect any counterparties to fail to meet their obligations given their high credit ratings. we consider all highly liquid investments with a maturity of three months or less from the date of purchase to be cash equivalents. the cost of these investments approximates fair value. our equity investments are accounted for using three different methods depending on the type of equity investment: 2022 investments in companies over which we have significant influence but not a controlling interest are accounted for using the equity method, with our share of earnings or losses reported in other-net, (income) expense. 2022 for equity investments that do not have readily determinable fair values, we measure these investments at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for the identical or similar investment of the same issuer. any change in recorded value is recorded in other-net, (income) expense. 2022 our public equity investments are measured and carried at fair value. any change in fair value is recognized in other-net, (income) expense. we review equity investments other than public equity investments for indications of impairment on a regular basis. our derivative activities are initiated within the guidelines of documented corporate risk-management policies and are intended to offset losses and gains on the assets, liabilities, and transactions being hedged. management reviews the correlation and effectiveness of our derivatives on a quarterly basis.. what was the total in raw materials and supplies in 2018? 506.5 and what was it in 2017?

488.8

equipment and energy. - | 2013 | 2012 | 2011 sales | $451.1 | $420.1 | $400.6 operating income | 65.5 | 44.6 | 62.8 2013 vs. 2012 sales of $451.1 increased primarily from higher lng project activity. operating income of $65.5 increased from the higher lng project activity. the sales backlog for the equipment business at 30 september 2013 was $402, compared to $450 at 30 september 2012. it is expected that approximately $250 of the backlog will be completed during 2014. 2012 vs. 2011 sales of $420.1 increased 5% (5%), or $19.5, reflecting higher air separation unit (asu) activity. operating income of $44.6 decreased 29% (29%), or $18.2, reflecting lower lng project activity. the sales backlog for the equipment business at 30 september 2012 was $450, compared to $334 at 30 september 2011. other operating income (loss) primarily includes other expense and income that cannot be directly associated with the business segments, including foreign exchange gains and losses. also included are lifo inventory valuation adjustments, as the business segments use fifo, and the lifo pool valuation adjustments are not allocated to the business segments. other also included stranded costs resulting from discontinued operations, as these costs were not reallocated to the businesses in 2012. 2013 vs. 2012 other operating loss was $4.7, compared to $6.6 in the prior year. the current year includes an unfavorable lifo adjustment versus the prior year of $11. the prior year loss included stranded costs from discontinued operations of $10. 2012 vs. 2011 other operating loss was $6.6, compared to $39.3 in the prior year, primarily due to a reduction in stranded costs, a decrease in the lifo adjustment as a result of decreases in inventory values, and favorable foreign exchange, partially offset by gains on asset sales in the prior year.. in 2013, what was the ratio of sales to operating income?

6.88702

hologic, inc. notes to consolidated financial statements (continued) (in thousands, except per share data) acquisition and the adjustments did not have a material impact on the company 2019s financial position or results of operation. there have no other material changes to the purchase price allocation as disclosed in the company 2019s form 10-k for the year ended september 30, 2006. as part of the purchase price allocation, all intangible assets that were a part of the acquisition were identified and valued. it was determined that only customer relationship, trade name, developed technology and know how and in-process research and development had separately identifiable values. customer relationship represents r2 2019s strong active customer base, dominant market position and strong partnership with several large companies. trade name represents the r2 product names that the company intends to continue to use. order backlog consists of customer orders for which revenue has not yet been recognized. developed technology and know how represents currently marketable purchased products that the company continues to resell as well as utilize to enhance and incorporate into the company 2019s existing products. the estimated $10200 of purchase price allocated to in-process research and development projects primarily related to r2 2019s digital cad products. the projects added direct digital algorithm capabilities as well as a new platform technology to analyze images and breast density measurement. the projects were substantially completed as planned in fiscal 2007. the deferred income tax asset relates to the tax effect of acquired net operating loss carry forwards that the company believes are realizable partially offset by acquired identifiable intangible assets, and fair value adjustments to acquired inventory as such amounts are not deductible for tax purposes. acquisition of suros surgical systems, inc. on july 27, 2006, the company completed the acquisition of suros surgical systems, inc. (suros), pursuant to an agreement and plan of merger dated april 17, 2006. the results of operations for suros have been included in the company 2019s consolidated financial statements from the date of acquisition as part of its mammography/breast care business segment. suros, located in indianapolis, indiana, develops, manufactures and sells minimally invasive interventional breast biopsy technology and products for biopsy, tissue removal and biopsy site marking. the initial aggregate purchase price for suros of approximately $248100 (subject to adjustment) consisted of 2300 shares of hologic common stock valued at $106500, cash paid of $139000, and approximately $2600 for acquisition related fees and expenses. the company determined the fair value of the shares issued in connection with the acquisition in accordance with eitf issue no. 99-12, determination of the measurement date for the market price of acquirer securities issued in a purchase business combination. the components and allocation of the purchase price, consists of the following approximate amounts:. net tangible assets acquired as of july 27 2006 | $11800 in-process research and development | 4900 developed technology and know how | 46000 customer relationship | 17900 trade name | 5800 deferred income taxes | -21300 (21300) goodwill | 202000 estimated purchase price | $267100 the acquisition also provides for a two-year earn out. the earn-out is payable in two annual cash installments equal to the incremental revenue growth in suros 2019 business in the two years following the closing.. what was the average individual price of the shares used in the acquisition of suros? 46.30435 and what was the total acquisition price in that transaction?

267100.0

american tower corporation and subsidiaries notes to consolidated financial statements (3) consists of customer-related intangibles of approximately $15.5 million and network location intangibles of approximately $19.8 million. the customer-related intangibles and network location intangibles are being amortized on a straight-line basis over periods of up to 20 years. (4) the company expects that the goodwill recorded will be deductible for tax purposes. the goodwill was allocated to the company 2019s international rental and management segment. uganda acquisition 2014on december 8, 2011, the company entered into a definitive agreement with mtn group to establish a joint venture in uganda. the joint venture is controlled by a holding company of which a wholly owned subsidiary of the company (the 201catc uganda subsidiary 201d) holds a 51% (51%) interest and a wholly owned subsidiary of mtn group (the 201cmtn uganda subsidiary 201d) holds a 49% (49%) interest. the joint venture is managed and controlled by the company and owns a tower operations company in uganda. pursuant to the agreement, the joint venture agreed to purchase a total of up to 1000 existing communications sites from mtn group 2019s operating subsidiary in uganda, subject to customary closing conditions. on june 29, 2012, the joint venture acquired 962 communications sites for an aggregate purchase price of $171.5 million, subject to post-closing adjustments. the aggregate purchase price was subsequently increased to $173.2 million, subject to future post-closing adjustments. under the terms of the purchase agreement, legal title to certain of these communications sites will be transferred upon fulfillment of certain conditions by mtn group. prior to the fulfillment of these conditions, the company will operate and maintain control of these communications sites, and accordingly, reflect these sites in the allocation of purchase price and the consolidated operating results. the following table summarizes the preliminary allocation of the aggregate purchase price consideration paid and the amounts of assets acquired and liabilities assumed based upon their estimated fair value at the date of acquisition (in thousands): preliminary purchase price allocation. - | preliminary purchase price allocation non-current assets | $2258 property and equipment | 102366 intangible assets (1) | 63500 other non-current liabilities | -7528 (7528) fair value of net assets acquired | $160596 goodwill (2) | 12564 (1) consists of customer-related intangibles of approximately $36.5 million and network location intangibles of approximately $27.0 million. the customer-related intangibles and network location intangibles are being amortized on a straight-line basis over periods of up to 20 years. (2) the company expects that the goodwill recorded will be not be deductible for tax purposes. the goodwill was allocated to the company 2019s international rental and management segment. germany acquisition 2014on november 14, 2012, the company entered into a definitive agreement to purchase communications sites from e-plus mobilfunk gmbh & co. kg. on december 4, 2012, the company completed the purchase of 2031 communications sites, for an aggregate purchase price of $525.7 million.. what was the final aggregate purchase price of all towers, in millions of dollars? 173.2 and how much is that in dollars?

173200000.0

entergy mississippi, inc. management 2019s financial discussion and analysis 2010 compared to 2009 net revenue consists of operating revenues net of: 1) fuel, fuel-related expenses, and gas purchased for resale, 2) purchased power expenses, and 3) other regulatory charges (credits). following is an analysis of the change in net revenue comparing 2010 to 2009. amount (in millions). - | amount (in millions) 2009 net revenue | $536.7 volume/weather | 18.9 other | -0.3 (0.3) 2010 net revenue | $555.3 the volume/weather variance is primarily due to an increase of 1046 gwh, or 8% (8%), in billed electricity usage in all sectors, primarily due to the effect of more favorable weather on the residential sector. gross operating revenues, fuel and purchased power expenses, and other regulatory charges (credits) gross operating revenues increased primarily due to an increase of $22 million in power management rider revenue as the result of higher rates, the volume/weather variance discussed above, and an increase in grand gulf rider revenue as a result of higher rates and increased usage, offset by a decrease of $23.5 million in fuel cost recovery revenues due to lower fuel rates. fuel and purchased power expenses decreased primarily due to a decrease in deferred fuel expense as a result of prior over-collections, offset by an increase in the average market price of purchased power coupled with increased net area demand. other regulatory charges increased primarily due to increased recovery of costs associated with the power management recovery rider. other income statement variances 2011 compared to 2010 other operation and maintenance expenses decreased primarily due to: a $5.4 million decrease in compensation and benefits costs primarily resulting from an increase in the accrual for incentive-based compensation in 2010 and a decrease in stock option expense; and the sale of $4.9 million of surplus oil inventory. the decrease was partially offset by an increase of $3.9 million in legal expenses due to the deferral in 2010 of certain litigation expenses in accordance with regulatory treatment. taxes other than income taxes increased primarily due to an increase in ad valorem taxes due to a higher 2011 assessment as compared to 2010, partially offset by higher capitalized property taxes as compared with prior year. depreciation and amortization expenses increased primarily due to an increase in plant in service. interest expense decreased primarily due to a revision caused by ferc 2019s acceptance of a change in the treatment of funds received from independent power producers for transmission interconnection projects.. what was the total increase in the volume/weather segment from 2009 to 2010?

18900000.0

stockholder return performance graphs the following graph compares the cumulative 5-year total stockholder return on our common stock relative to the cumulative total return of the nasdaq composite index and the s&p 400 information technology index. the graph assumes that the value of the investment in our common stock and in each index (including reinvestment of dividends) was $100 on december 29, 2007 and tracks it through december 29, 2012. comparison of 5 year cumulative total return* among cadence design systems, inc., the nasdaq composite index, and s&p 400 information technology cadence design systems, inc. nasdaq composite s&p 400 information technology 12/29/1212/31/111/1/111/2/101/3/0912/29/07 *$100 invested on 12/29/07 in stock or 12/31/07 in index, including reinvestment of dividends. indexes calculated on month-end basis. copyright a9 2013 s&p, a division of the mcgraw-hill companies inc. all rights reserved.. - | 12/29/2007 | 1/3/2009 | 1/2/2010 | 1/1/2011 | 12/31/2011 | 12/29/2012 cadence design systems inc. | 100.00 | 22.55 | 35.17 | 48.50 | 61.07 | 78.92 nasdaq composite | 100.00 | 59.03 | 82.25 | 97.32 | 98.63 | 110.78 s&p 400 information technology | 100.00 | 54.60 | 82.76 | 108.11 | 95.48 | 109.88 the stock price performance included in this graph is not necessarily indicative of future stock price performance. for the five year period ended in 2012, what was the fluctuation of the stockholder return for cadence design systems inc.? -21.08 and what is this fluctuation as a percent of that return in 2007?

-0.2108

entergy texas, inc. and subsidiaries management 2019s financial discussion and analysis results of operations net income 2016 compared to 2015 net income increased $37.9 million primarily due to lower other operation and maintenance expenses, the asset write-off of its receivable associated with the spindletop gas storage facility in 2015, and higher net revenue. 2015 compared to 2014 net income decreased $5.2 million primarily due to the asset write-off of its receivable associated with the spindletop gas storage facility and higher other operation and maintenance expenses, partially offset by higher net revenue and a lower effective tax rate. net revenue 2016 compared to 2015 net revenue consists of operating revenues net of: 1) fuel, fuel-related expenses, and gas purchased for resale, 2) purchased power expenses, and 3) other regulatory charges. following is an analysis of the change in net revenue comparing 2016 to 2015. amount (in millions). - | amount (in millions) 2015 net revenue | $637.2 reserve equalization | 14.3 purchased power capacity | 12.4 transmission revenue | 7.0 retail electric price | 5.4 net wholesale | -27.8 (27.8) other | -4.3 (4.3) 2016 net revenue | $644.2 the reserve equalization variance is primarily due to a reduction in reserve equalization expense primarily due to changes in the entergy system generation mix compared to the same period in 2015 as a result of the execution of a new purchased power agreement and entergy mississippi 2019s exit from the system agreement, each in november 2015, and entergy texas 2019s exit from the system agreement in august 2016. see note 2 to the financial statements for a discussion of the system agreement. the purchased power capacity variance is primarily due to decreased expenses due to the termination of the purchased power agreements between entergy louisiana and entergy texas in august 2016, as well as capacity cost changes for ongoing purchased power capacity contracts. the transmission revenue variance is primarily due to an increase in attachment o rates charged by miso to transmission customers and a settlement of attachment o rates previously billed to transmission customers by miso.. what was the net revenue in 2016 for entergy texas, inc.? 644.2 and what was it in 2015?

637.2

the selection and disclosure of our critical accounting estimates have been discussed with our audit committee. the following is a discussion of the more significant assumptions, estimates, accounting policies and methods used in the preparation of our consolidated financial statements: 2022 revenue recognition - we recognize revenue when persuasive evidence of an arrangement exists, delivery of product has occurred, the sales price is fixed or determinable and collectability is reasonably assured. for our company, this means that revenue is recognized when title and risk of loss is transferred to our customers. title transfers to our customers upon shipment or upon receipt at the customer's location as determined by the sales terms for each transaction. the company estimates the cost of sales returns based on historical experience, and these estimates are normally immaterial. 2022 goodwill and non-amortizable intangible assets valuation - we test goodwill and non-amortizable intangible assets for impairment annually or more frequently if events occur that would warrant such review. we perform our annual impairment analysis in the first quarter of each year. while the company has the option to perform a qualitative assessment for both goodwill and non-amortizable intangible assets to determine if it is more likely than not that an impairment exists, the company elects to perform the quantitative assessment for our annual impairment analysis. the impairment analysis involves comparing the fair value of each reporting unit or non-amortizable intangible asset to the carrying value. if the carrying value exceeds the fair value, goodwill or a non-amortizable intangible asset is considered impaired. to determine the fair value of goodwill, we primarily use a discounted cash flow model, supported by the market approach using earnings multiples of comparable global and local companies within the tobacco industry. at december 31, 2015, the carrying value of our goodwill was $7.4 billion, which is related to ten reporting units, each of which is comprised of a group of markets with similar economic characteristics. the estimated fair value of our ten reporting units exceeded the carrying value as of december 31, 2015. to determine the fair value of non-amortizable intangible assets, we primarily use a discounted cash flow model applying the relief-from-royalty method. we concluded that the fair value of our non-amortizable intangible assets exceeded the carrying value, and any reasonable movement in the assumptions would not result in an impairment. these discounted cash flow models include management assumptions relevant for forecasting operating cash flows, which are subject to changes in business conditions, such as volumes and prices, costs to produce, discount rates and estimated capital needs. management considers historical experience and all available information at the time the fair values are estimated, and we believe these assumptions are consistent with the assumptions a hypothetical marketplace participant would use. since the march 28, 2008, spin-off from altria, we have not recorded a charge to earnings for an impairment of goodwill or non-amortizable intangible assets. 2022 marketing and advertising costs - we incur certain costs to support our products through programs which include advertising, marketing, consumer engagement and trade promotions. the costs of our advertising and marketing programs are expensed in accordance with u.s. gaap. recognition of the cost related to our consumer engagement and trade promotion programs contain uncertainties due to the judgment required in estimating the potential performance and compliance for each program. for volume-based incentives provided to customers, management continually assesses and estimates, by customer, the likelihood of the customer achieving the specified targets and records the reduction of revenue as the sales are made. for other trade promotions, management relies on estimated utilization rates that have been developed from historical experience. changes in the assumptions used in estimating the cost of any individual marketing program would not result in a material change in our financial position, results of operations or operating cash flows. we have not made any material changes in the accounting methodology used to estimate our marketing programs during the past three years. 2022 employee benefit plans - as discussed in item 8, note 13. benefit plans to our consolidated financial statements, we provide a range of benefits to our employees and retired employees, including pensions, postretirement health care and postemployment benefits (primarily severance). we record annual amounts relating to these plans based on calculations specified by u.s. gaap. these calculations include various actuarial assumptions, such as discount rates, assumed rates of return on plan assets, compensation increases, mortality, turnover rates and health care cost trend rates. we review actuarial assumptions on an annual basis and make modifications to the assumptions based on current rates and trends when it is deemed appropriate to do so. as permitted by u.s. gaap, any effect of the modifications is generally amortized over future periods. we believe that the assumptions utilized in calculating our obligations under these plans are reasonable based upon our historical experience and advice from our actuaries. weighted-average discount rate assumptions for pensions and postretirement plans are as follows:. - | 2015 | 2014 u.s. pension plans | 4.30% (4.30%) | 3.95% (3.95%) non-u.s. pension plans | 1.68% (1.68%) | 1.92% (1.92%) postretirement plans | 4.45% (4.45%) | 4.20% (4.20%) we anticipate that assumption changes, coupled with decreased amortization of deferred losses, will decrease 2016 pre-tax u.s. and non- u.s. pension and postretirement expense to approximately $209 million as compared with approximately $240 million in 2015, excluding. what is the weighted average discount rate for u.s pension plans in 2015? 4.3 what was the number in 2014?

3.95

in our primary disbursement accounts which were reclassified as accounts payable and other accrued liabilities on our consolidated balance sheet. concentration of credit risk financial instruments that potentially subject us to concentrations of credit risk consist of cash and cash equivalents, trade accounts receivable and derivative instruments. we place our cash and cash equivalents with high quality financial institutions. such balances may be in excess of fdic insured limits. in order to manage the related credit exposure, we continually monitor the credit worthiness of the financial institutions where we have deposits. concentrations of credit risk with respect to trade accounts receivable are limited due to the wide variety of customers and markets in which we provide services, as well as the dispersion of our operations across many geographic areas. we provide services to commercial, industrial, municipal and residential customers in the united states and puerto rico. we perform ongoing credit evaluations of our customers, but do not require collateral to support customer receivables. we establish an allowance for doubtful accounts based on various factors including the credit risk of specific customers, age of receivables outstanding, historical trends, economic conditions and other information. no customer exceeded 5% (5%) of our outstanding accounts receivable balance at december 31, 2009 or 2008. accounts receivable, net of allowance for doubtful accounts accounts receivable represent receivables from customers for collection, transfer, recycling, disposal and other services. our receivables are recorded when billed or when the related revenue is earned, if earlier, and represent claims against third parties that will be settled in cash. the carrying value of our receivables, net of the allowance for doubtful accounts, represents their estimated net realizable value. provisions for doubtful accounts are evaluated on a monthly basis and are recorded based on our historical collection experience, the age of the receivables, specific customer information and economic conditions. we also review outstanding balances on an account-specific basis. in general, reserves are provided for accounts receivable in excess of ninety days old. past due receivable balances are written-off when our collection efforts have been unsuccess- ful in collecting amounts due. the following table reflects the activity in our allowance for doubtful accounts for the years ended december 31, 2009, 2008 and 2007:. - | 2009 | 2008 | 2007 balance at beginning of year | $65.7 | $14.7 | $18.8 additions charged to expense | 27.3 | 36.5 | 3.9 accounts written-off | -37.8 (37.8) | -12.7 (12.7) | -7.8 (7.8) acquisitions | - | 27.2 | -0.2 (0.2) balance at end of year | $55.2 | $65.7 | $14.7 subsequent to our acquisition of allied, we recorded a provision for doubtful accounts of $14.2 million to adjust the allowance acquired from allied to conform to republic 2019s accounting policies. we also recorded $5.4 million to provide for specific bankruptcy exposures in 2008. in 2007, we recorded a $4.3 million reduction in our allowance for doubtful accounts as a result of refining our estimate of the allowance based on our historical collection experience. restricted cash as of december 31, 2009, we had $236.6 million of restricted cash, of which $93.1 million was proceeds from the issuance of tax-exempt bonds and other tax-exempt financings and will be used to fund capital republic services, inc. and subsidiaries notes to consolidated financial statements, continued. during 2009, what was the total of additions charged to expense? 27.3 and what was the total of accounts written-off? -37.8 what was, then, the combined total of both segments? -10.5 and as of december 31 of that year, what percentage of the restricted cash was due to proceeds from the issuance of tax-exempt bonds?

0.39349

marathon oil corporation notes to consolidated financial statements of the $446 million present value of net minimum capital lease payments, $53 million was related to obligations assumed by united states steel under the financial matters agreement. operating lease rental expense was: (in millions) 2009 2008 2007 minimum rental (a) $238 $245 $209. (in millions) | 2009 | 2008 | 2007 minimum rental (a) | $238 | $245 | $209 contingent rental | 19 | 22 | 33 net rental expense | $257 | $267 | $242 (a) excludes $3 million, $5 million and $8 million paid by united states steel in 2009, 2008 and 2007 on assumed leases. 26. commitments and contingencies we are the subject of, or party to, a number of pending or threatened legal actions, contingencies and commitments involving a variety of matters, including laws and regulations relating to the environment. certain of these matters are discussed below. the ultimate resolution of these contingencies could, individually or in the aggregate, be material to our consolidated financial statements. however, management believes that we will remain a viable and competitive enterprise even though it is possible that these contingencies could be resolved unfavorably. environmental matters 2013 we are subject to federal, state, local and foreign laws and regulations relating to the environment. these laws generally provide for control of pollutants released into the environment and require responsible parties to undertake remediation of hazardous waste disposal sites. penalties may be imposed for noncompliance. at december 31, 2009 and 2008, accrued liabilities for remediation totaled $116 million and $111 million. it is not presently possible to estimate the ultimate amount of all remediation costs that might be incurred or the penalties that may be imposed. receivables for recoverable costs from certain states, under programs to assist companies in clean-up efforts related to underground storage tanks at retail marketing outlets, were $59 and $60 million at december 31, 2009 and 2008. legal cases 2013 we, along with other refining companies, settled a number of lawsuits pertaining to methyl tertiary-butyl ether (201cmtbe 201d) in 2008. presently, we are a defendant, along with other refining companies, in 27 cases arising in four states alleging damages for mtbe contamination. like the cases that we settled in 2008, 12 of the remaining cases are consolidated in a multi-district litigation (201cmdl 201d) in the southern district of new york for pretrial proceedings. the other 15 cases are in new york state courts (nassau and suffolk counties). plaintiffs in 26 of the 27 cases allege damages to water supply wells from contamination of groundwater by mtbe, similar to the damages claimed in the cases settled in 2008. in the remaining case, the new jersey department of environmental protection is seeking the cost of remediating mtbe contamination and natural resources damages allegedly resulting from contamination of groundwater by mtbe. we are vigorously defending these cases. we have engaged in settlement discussions related to the majority of these cases. we do not expect our share of liability for these cases to significantly impact our consolidated results of operations, financial position or cash flows. we voluntarily discontinued producing mtbe in 2002. we are currently a party to one qui tam case, which alleges that marathon and other defendants violated the false claims act with respect to the reporting and payment of royalties on natural gas and natural gas liquids for federal and indian leases. a qui tam action is an action in which the relator files suit on behalf of himself as well as the federal government. the case currently pending is u.s. ex rel harrold e. wright v. agip petroleum co. et al. it is primarily a gas valuation case. marathon has reached a settlement with the relator and the doj which will be finalized after the indian tribes review and approve the settlement terms. such settlement is not expected to significantly impact our consolidated results of operations, financial position or cash flows. guarantees 2013 we have provided certain guarantees, direct and indirect, of the indebtedness of other companies. under the terms of most of these guarantee arrangements, we would be required to perform should the guaranteed party fail to fulfill its obligations under the specified arrangements. in addition to these financial guarantees, we also have various performance guarantees related to specific agreements.. what is the net rental expense in 2009? 257.0 what about in 2007?

242.0

part iii item 10. directors, executive officers and corporate governance for the information required by this item 10, other than information with respect to our executive officers contained at the end of part i, item 1 of this report, see 201celection of directors, 201d 201cnominees for election to the board of directors, 201d 201ccorporate governance 201d and 201csection 16 (a) beneficial ownership reporting compliance, 201d in the proxy statement for our 2016 annual meeting, which information is incorporated herein by reference. the proxy statement for our 2016 annual meeting will be filed within 120 days of the close of our year. for the information required by this item 10 with respect to our executive officers, see part i, item 1. of this report. item 11. executive compensation for the information required by this item 11, see 201ccompensation discussion and analysis, 201d 201ccompensation committee report, 201d and 201cexecutive compensation 201d in the proxy statement for our 2016 annual meeting, which information is incorporated herein by reference. item 12. security ownership of certain beneficial owners and management and related stockholder matters for the information required by this item 12 with respect to beneficial ownership of our common stock, see 201csecurity ownership of certain beneficial owners and management 201d in the proxy statement for our 2016 annual meeting, which information is incorporated herein by reference. the following table sets forth certain information as of december 31, 2015 regarding our equity plans: plan category number of securities to be issued upon exercise of outstanding options, warrants and rights weighted-average exercise price of outstanding options, warrants and rights number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a) (b) (c) equity compensation plans approved by security holders 1442912 $86.98 4446967 item 13. certain relationships and related transactions, and director independence for the information required by this item 13, see 201ccertain transactions 201d and 201ccorporate governance 201d in the proxy statement for our 2016 annual meeting, which information is incorporated herein by reference. item 14. principal accounting fees and services for the information required by this item 14, see 201caudit and non-audit fees 201d and 201caudit committee pre-approval procedures 201d in the proxy statement for our 2016 annual meeting, which information is incorporated herein by reference.. plan category | number of securitiesto be issued uponexercise ofoutstanding options warrants and rights (a) (b) | weighted-averageexercise price ofoutstanding options warrants and rights | number of securitiesremaining available forfuture issuance underequity compensationplans (excludingsecurities reflected in column (a)) (c) equity compensation plans approved by security holders | 1442912 | $86.98 | 4446967 part iii item 10. directors, executive officers and corporate governance for the information required by this item 10, other than information with respect to our executive officers contained at the end of part i, item 1 of this report, see 201celection of directors, 201d 201cnominees for election to the board of directors, 201d 201ccorporate governance 201d and 201csection 16 (a) beneficial ownership reporting compliance, 201d in the proxy statement for our 2016 annual meeting, which information is incorporated herein by reference. the proxy statement for our 2016 annual meeting will be filed within 120 days of the close of our year. for the information required by this item 10 with respect to our executive officers, see part i, item 1. of this report. item 11. executive compensation for the information required by this item 11, see 201ccompensation discussion and analysis, 201d 201ccompensation committee report, 201d and 201cexecutive compensation 201d in the proxy statement for our 2016 annual meeting, which information is incorporated herein by reference. item 12. security ownership of certain beneficial owners and management and related stockholder matters for the information required by this item 12 with respect to beneficial ownership of our common stock, see 201csecurity ownership of certain beneficial owners and management 201d in the proxy statement for our 2016 annual meeting, which information is incorporated herein by reference. the following table sets forth certain information as of december 31, 2015 regarding our equity plans: plan category number of securities to be issued upon exercise of outstanding options, warrants and rights weighted-average exercise price of outstanding options, warrants and rights number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a) (b) (c) equity compensation plans approved by security holders 1442912 $86.98 4446967 item 13. certain relationships and related transactions, and director independence for the information required by this item 13, see 201ccertain transactions 201d and 201ccorporate governance 201d in the proxy statement for our 2016 annual meeting, which information is incorporated herein by reference. item 14. principal accounting fees and services for the information required by this item 14, see 201caudit and non-audit fees 201d and 201caudit committee pre-approval procedures 201d in the proxy statement for our 2016 annual meeting, which information is incorporated herein by reference.. what is the total value of the issued options, warrants, and rights? 125504485.76 what about in millions?

125.50449

70| | duke realty corporation annual report 2009 the following table summarizes transactions for our rsus, excluding dividend equivalents, for 2009: weighted average number of grant date restricted stock units rsus fair value. restricted stock units | number of rsus | weighted average grant date fair value rsus at december 31 2008 | 401375 | $29.03 granted | 1583616 | $9.32 vested | -129352 (129352) | $28.39 forfeited | -172033 (172033) | $12.53 rsus at december 31 2009 | 1683606 | $12.23 compensation cost recognized for rsus totaled $7.3 million, $4.9 million and $3.0 million for the years ended december 31, 2009, 2008 and 2007, respectively. as of december 31, 2009, there was $6.7 million of total unrecognized compensation expense related to nonvested rsus granted under the plan, which is expected to be recognized over a weighted average period of 3.3 years. (14) financial instruments we are exposed to capital market risk, such as changes in interest rates. in an effort to manage interest rate risk, we may enter into interest rate hedging arrangements from time to time. we do not utilize derivative financial instruments for trading or speculative purposes. in november 2007, we entered into forward starting interest swaps with notional amounts appropriate to hedge interest rates on $300.0 million of anticipated debt offerings in 2009. the forward starting swaps were appropriately designated and tested for effectiveness as cash flow hedges. in march 2008, we settled the forward starting swaps and made a cash payment of $14.6 million to the counterparties. an effectiveness test was performed as of the settlement date and it was concluded that a highly effective cash flow hedge was still in place for the expected debt offering. of the amount paid in settlement, approximately $700000 was immediately reclassified to interest expense, as the result of partial ineffectiveness calculated at the settlement date. the net amount of $13.9 million was recorded in other comprehensive income (201coci 201d) and is being recognized through interest expense over the life of the hedged debt offering, which took place in may 2008. the remaining unamortized amount included as a reduction to accumulated oci as of december 31, 2009 is $9.3 million. in august 2005, we entered into $300.0 million of cash flow hedges through forward starting interest rate swaps to hedge interest rates on $300.0 million of anticipated debt offerings in 2007. the swaps qualified for hedge accounting, with any changes in fair value recorded in oci. in conjunction with the september 2007 issuance of $300.0 million of senior unsecured notes, we terminated these cash flow hedges as designated. the settlement amount received of $10.7 million is being recognized to earnings through a reduction of interest expense over the term of the hedged cash flows. the remaining unamortized amount included as an increase to accumulated oci as of december 31, 2009 is $8.2 million. the ineffective portion of the hedge was insignificant. the effectiveness of our hedges is evaluated throughout their lives using the hypothetical derivative method under which the change in fair value of the actual swap designated as the hedging instrument is compared to the change in fair value of a hypothetical swap. we had no material interest rate derivatives, when considering both fair value and notional amount, at december 31, 2009.. what is the net change of compensation cost recognized for rsus from 2008 to 2009?

2.4

the following performance graph shows the cumulative total return to a holder of the company 2019s common stock, assuming dividend reinvestment, compared with the cumulative total return, assuming dividend reinvestment, of the standard & poor ("s&p") 500 index and the dow jones us financials index during the period from december 31, 2009 through december 31, 2014.. - | 12/09 | 12/10 | 12/11 | 12/12 | 12/13 | 12/14 e*trade financial corporation | 100.00 | 90.91 | 45.23 | 50.85 | 111.59 | 137.81 s&p 500 index | 100.00 | 115.06 | 117.49 | 136.30 | 180.44 | 205.14 dow jones us financials index | 100.00 | 112.72 | 98.24 | 124.62 | 167.26 | 191.67 table of contents. what is the price of e*trade financial corporation in 2014?

137.81

republic services, inc. notes to consolidated financial statements 2014 (continued) employee stock purchase plan republic employees are eligible to participate in an employee stock purchase plan. the plan allows participants to purchase our common stock for 95% (95%) of its quoted market price on the last day of each calendar quarter. for the years ended december 31, 2017, 2016 and 2015, issuances under this plan totaled 113941 shares, 130085 shares and 141055 shares, respectively. as of december 31, 2017, shares reserved for issuance to employees under this plan totaled 0.4 million and republic held employee contributions of approximately $1.8 million for the purchase of common stock. 12. stock repurchases and dividends stock repurchases stock repurchase activity during the years ended december 31, 2017 and 2016 follows (in millions except per share amounts):. - | 2017 | 2016 number of shares repurchased | 9.6 | 8.4 amount paid | $610.7 | $403.8 weighted average cost per share | $63.84 | $48.56 as of december 31, 2017, there were 0.5 million repurchased shares pending settlement and $33.8 million was unpaid and included within other accrued liabilities. in october 2017, our board of directors added $2.0 billion to the existing share repurchase authorization that now extends through december 31, 2020. before this, $98.4 million remained under a prior authorization. share repurchases under the program may be made through open market purchases or privately negotiated transactions in accordance with applicable federal securities laws. while the board of directors has approved the program, the timing of any purchases, the prices and the number of shares of common stock to be purchased will be determined by our management, at its discretion, and will depend upon market conditions and other factors. the share repurchase program may be extended, suspended or discontinued at any time. as of december 31, 2017, the remaining authorized purchase capacity under our october 2017 repurchase program was $1.8 billion. in december 2015, our board of directors changed the status of 71272964 treasury shares to authorized and unissued. in doing so, the number of our issued shares was reduced by the stated amount. our accounting policy is to deduct the par value from common stock and to reflect the excess of cost over par value as a deduction from additional paid-in capital. the change in unissued shares resulted in a reduction of $2295.3 million in treasury stock, $0.6 million in common stock, and $2294.7 million in additional paid-in capital. there was no effect on our total stockholders 2019 equity position as a result of the change. dividends in october 2017, our board of directors approved a quarterly dividend of $0.345 per share. cash dividends declared were $446.3 million, $423.8 million and $404.3 million for the years ended december 31, 2017, 2016 and 2015, respectively. as of december 31, 2017, we recorded a quarterly dividend payable of $114.4 million to shareholders of record at the close of business on january 2, 2018. 13. earnings per share basic earnings per share is computed by dividing net income attributable to republic services, inc. by the weighted average number of common shares (including vested but unissued rsus) outstanding during the. what is the weighted average cost per share in 2017?

63.84

the goldman sachs group, inc. and subsidiaries notes to consolidated financial statements in the tables above: 2030 the gross fair values exclude the effects of both counterparty netting and collateral netting, and therefore are not representative of the firm 2019s exposure. 2030 counterparty netting is reflected in each level to the extent that receivable and payable balances are netted within the same level and is included in counterparty netting in levels. where the counterparty netting is across levels, the netting is included in cross-level counterparty netting. 2030 derivative assets are shown as positive amounts and derivative liabilities are shown as negative amounts. significant unobservable inputs the table below presents the amount of level 3 assets (liabilities), and ranges, averages and medians of significant unobservable inputs used to value the firm 2019s level 3 derivatives. level 3 assets (liabilities) and range of significant unobservable inputs (average/median) as of december $in millions 2017 2016. $in millions | level 3 assets (liabilities) and range of significant unobservable inputs (average/median) as of december 2017 | level 3 assets (liabilities) and range of significant unobservable inputs (average/median) as of december 2016 interest rates net | $-410 (410) | $-381 (381) correlation | (10)% (%) to 95% (95%) (71%/79% (71%/79%)) | (10)% (%) to 86% (86%) (56%/60% (56%/60%)) volatility (bps) | 31 to 150 (84/78) | 31 to 151 (84/57) credit net | $1505 | $2504 correlation | 28% (28%) to 84% (84%) (61%/60% (61%/60%)) | 35% (35%) to 91% (91%) (65%/68% (65%/68%)) credit spreads (bps) | 1 to 633 (69/42) | 1 to 993 (122/73) upfront credit points | 0 to 97 (42/38) | 0 to 100 (43/35) recovery rates | 22% (22%) to 73% (73%) (68%/73% (68%/73%)) | 1% (1%) to 97% (97%) (58%/70% (58%/70%)) currencies net | $-181 (181) | $3 correlation | 49% (49%) to 72% (72%) (61%/62% (61%/62%)) | 25% (25%) to 70% (70%) (50%/55% (50%/55%)) commodities net | $47 | $73 volatility | 9% (9%) to 79% (79%) (24%/24% (24%/24%)) | 13% (13%) to 68% (68%) (33%/33% (33%/33%)) natural gas spread | $(2.38) to $3.34 ($(0.22) /$(0.12)) | $(1.81) to $4.33 ($(0.14) /$(0.05)) oil spread | $(2.86) to $23.61 ($6.47/$2.35) | $(19.72) to $64.92 ($25.30/$16.43) equities net | $-1249 (1249) | $-3416 (3416) correlation | (36)% (%) to 94% (94%) (50%/52% (50%/52%)) | (39)% (%) to 88% (88%) (41%/41% (41%/41%)) volatility | 4% (4%) to 72% (72%) (24%/22% (24%/22%)) | 5% (5%) to 72% (72%) (24%/23% (24%/23%)) in the table above: 2030 derivative assets are shown as positive amounts and derivative liabilities are shown as negative amounts. 2030 ranges represent the significant unobservable inputs that were used in the valuation of each type of derivative. 2030 averages represent the arithmetic average of the inputs and are not weighted by the relative fair value or notional of the respective financial instruments. an average greater than the median indicates that the majority of inputs are below the average. for example, the difference between the average and the median for credit spreads and oil spread inputs indicates that the majority of the inputs fall in the lower end of the range. 2030 the ranges, averages and medians of these inputs are not representative of the appropriate inputs to use when calculating the fair value of any one derivative. for example, the highest correlation for interest rate derivatives is appropriate for valuing a specific interest rate derivative but may not be appropriate for valuing any other interest rate derivative. accordingly, the ranges of inputs do not represent uncertainty in, or possible ranges of, fair value measurements of the firm 2019s level 3 derivatives. 2030 interest rates, currencies and equities derivatives are valued using option pricing models, credit derivatives are valued using option pricing, correlation and discounted cash flow models, and commodities derivatives are valued using option pricing and discounted cash flow models. 2030 the fair value of any one instrument may be determined using multiple valuation techniques. for example, option pricing models and discounted cash flows models are typically used together to determine fair value. therefore, the level 3 balance encompasses both of these techniques. 2030 correlation within currencies and equities includes cross- product type correlation. 2030 natural gas spread represents the spread per million british thermal units of natural gas. 2030 oil spread represents the spread per barrel of oil and refined products. range of significant unobservable inputs the following is information about the ranges of significant unobservable inputs used to value the firm 2019s level 3 derivative instruments: 2030 correlation. ranges for correlation cover a variety of underliers both within one product type (e.g., equity index and equity single stock names) and across product types (e.g., correlation of an interest rate and a currency), as well as across regions. generally, cross-product type correlation inputs are used to value more complex instruments and are lower than correlation inputs on assets within the same derivative product type. 2030 volatility. ranges for volatility cover numerous underliers across a variety of markets, maturities and strike prices. for example, volatility of equity indices is generally lower than volatility of single stocks. 2030 credit spreads, upfront credit points and recovery rates. the ranges for credit spreads, upfront credit points and recovery rates cover a variety of underliers (index and single names), regions, sectors, maturities and credit qualities (high-yield and investment-grade). the broad range of this population gives rise to the width of the ranges of significant unobservable inputs. 130 goldman sachs 2017 form 10-k. what was the value of credit net in 2017? 1505.0 what was it in 2016? 2504.0 what is the net change? -999.0 what was the 2016 value?

2504.0

the fair value of the psu award at the date of grant is amortized to expense over the performance period, which is typically three years after the date of the award, or upon death, disability or reaching the age of 58. as of december 31, 2017, pmi had $34 million of total unrecognized compensation cost related to non-vested psu awards. this cost is recognized over a weighted-average performance cycle period of two years, or upon death, disability or reaching the age of 58. during the years ended december 31, 2017, and 2016, there were no psu awards that vested. pmi did not grant any psu awards during note 10. earnings per share: unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents are participating securities and therefore are included in pmi 2019s earnings per share calculation pursuant to the two-class method. basic and diluted earnings per share (201ceps 201d) were calculated using the following:. (in millions) | for the years ended december 31, 2017 | for the years ended december 31, 2016 | for the years ended december 31, 2015 net earnings attributable to pmi | $6035 | $6967 | $6873 less distributed and undistributed earnings attributable to share-based payment awards | 14 | 19 | 24 net earnings for basic and diluted eps | $6021 | $6948 | $6849 weighted-average shares for basic eps | 1552 | 1551 | 1549 plus contingently issuable performance stock units (psus) | 1 | 2014 | 2014 weighted-average shares for diluted eps | 1553 | 1551 | 1549 for the 2017, 2016 and 2015 computations, there were no antidilutive stock options.. what was the total of net earnings attributable to pmi in 2017? 6035.0 what was that in 2016? 6967.0 what was, then, the increase over the year? -932.0 and how much did this increase represent in relation to the 2016 total? -0.13377 and concerning the net earnings for basic and diluted eps, what was their change over that period? -927.0 what was the total of those earnings in 2016?

6948.0

addition, we are exposed to gains and losses resulting from fluctuations in foreign currency exchange rates on transactions generated by our international subsidiaries in currencies other than their local currencies. these gains and losses are primarily driven by inter-company transactions. these exposures are included in other income (expense), net on the consolidated statements of income. since 2007, we have used foreign currency forward contracts to reduce the risk from exchange rate fluctuations on inter-company transactions and projected inventory purchases for our canadian subsidiary. beginning in december 2008, we began using foreign currency forward contracts in order to reduce the risk associated with foreign currency exchange rate fluctuations on inter-company transactions for our european subsidiary. we do not enter into derivative financial instruments for speculative or trading purposes. based on the foreign currency forward contracts outstanding as of december 31, 2009, we receive us dollars in exchange for canadian dollars at a weighted average contractual forward foreign currency exchange rate of 1.04 cad per $1.00 and us dollars in exchange for euros at a weighted average contractual foreign currency exchange rate of 0.70 eur per $1.00. as of december 31, 2009, the notional value of our outstanding foreign currency forward contracts for our canadian subsidiary was $15.4 million with contract maturities of 1 month, and the notional value of our outstanding foreign currency forward contracts for our european subsidiary was $56.0 million with contract maturities of 1 month. the foreign currency forward contracts are not designated as cash flow hedges, and accordingly, changes in their fair value are recorded in other income (expense), net on the consolidated statements of income. the fair value of our foreign currency forward contracts was $0.3 million and $1.2 million as of december 31, 2009 and 2008, respectively. these amounts are included in prepaid expenses and other current assets on the consolidated balance sheet. refer to note 9 for a discussion of the fair value measurements. other income (expense), net included the following amounts related to changes in foreign currency exchange rates and derivative foreign currency forward contracts:. year ended december 31, (in thousands) | year ended december 31, 2009 | year ended december 31, 2008 | 2007 unrealized foreign currency exchange rate gains (losses) | $5222 | $-5459 (5459) | $2567 realized foreign currency exchange rate gains (losses) | -261 (261) | -2166 (2166) | 174 unrealized derivative gains (losses) | -1060 (1060) | 1650 | -243 (243) realized derivative losses | -4412 (4412) | -204 (204) | -469 (469) although we have entered into foreign currency forward contracts to minimize some of the impact of foreign currency exchange rate fluctuations on future cash flows, we cannot be assured that foreign currency exchange rate fluctuations will not have a material adverse impact on our financial condition and results of operations. inflation inflationary factors such as increases in the cost of our product and overhead costs may adversely affect our operating results. although we do not believe that inflation has had a material impact on our financial position or results of operations to date, a high rate of inflation in the future may have an adverse effect on our ability to maintain current levels of gross margin and selling, general and administrative expenses as a percentage of net revenues if the selling prices of our products do not increase with these increased costs.. what is the balance in the air value of our foreign currency forward contracts in 2009? 0.3 what about in 2008? 1.2 what is the net change?

-0.9

z i m m e r h o l d i n g s, i n c. a n d s u b s i d i a r i e s 2 0 0 3 f o r m 1 0 - k notes to consolidated financial statements (continued) the unaudited pro forma results for 2003 include events or changes in circumstances indicate that the carrying $90.4 million of expense related to centerpulse hip and knee value of an asset may not be recoverable. an impairment loss litigation, $54.4 million of cash income tax benefits as a result would be recognized when estimated future cash flows of centerpulse electing to carry back its 2002 u.s. federal net relating to the asset are less than its carrying amount. operating loss for 5 years versus 10 years, which resulted in depreciation of instruments is recognized as selling, general more losses being carried forward to future years and less and administrative expense, consistent with the classification tax credits going unutilized due to the shorter carry back of instrument cost in periods prior to january 1, 2003. period and an $8.0 million gain on sale of orquest inc., an prior to january 1, 2003, undeployed instruments were investment previously held by centerpulse. the unaudited carried as a prepaid expense at cost, net of allowances for pro forma results are not necessarily indicative either of the obsolescence ($54.8 million, net, at december 31, 2002), and results of operations that actually would have resulted had recognized in selling, general and administrative expense in the exchange offers been in effect at the beginning of the the year in which the instruments were placed into service. respective years or of future results. the new method of accounting for instruments was adopted to recognize the cost of these important assets of the transfx company 2019s business within the consolidated balance sheet on june 25, 2003, the company acquired the transfx and meaningfully allocate the cost of these assets over the external fixation system product line from immedica, inc. periods benefited, typically five years. for approximately $14.8 million cash, which has been the effect of the change during the year ended allocated primarily to goodwill and technology based december 31, 2003 was to increase earnings before intangible assets. the company has sold the transfx cumulative effect of change in accounting principle by product line since early 2001 under a distribution agreement $26.8 million ($17.8 million net of tax), or $0.08 per diluted with immedica. share. the cumulative effect adjustment of $55.1 million (net of income taxes of $34.0 million) to retroactively apply the implex corp. new capitalization method as if applied in years prior to 2003 on march 2, 2004, the company entered into an is included in earnings during the year ended december 31, amended and restated merger agreement relating to the 2003. the pro forma amounts shown on the consolidated acquisition of implex corp. (2018 2018implex 2019 2019), a privately held statement of earnings have been adjusted for the effect of orthopaedics company based in new jersey, for cash. each the retroactive application on depreciation and related share of implex stock will be converted into the right to income taxes. receive cash having an aggregate value of approximately $108.0 million at closing and additional cash earn-out 5. inventories payments that are contingent on the growth of implex inventories at december 31, 2003 and 2002, consist of product sales through 2006. the net value transferred at the following (in millions): closing will be approximately $89 million, which includes. - | 2003 | 2002 finished goods | $384.3 | $206.7 raw materials and work in progress | 90.8 | 50.9 inventory step-up | 52.6 | 2013 inventories net | $527.7 | $257.6 made by zimmer to implex pursuant to their existing alliance raw materials and work in progress 90.8 50.9 arrangement, escrow and other items. the acquisition will be inventory step-up 52.6 2013 accounted for under the purchase method of accounting. inventories, net $527.7 $257.6 reserves for obsolete and slow-moving inventory at4. change in accounting principle december 31, 2003 and 2002 were $47.4 million and instruments are hand held devices used by orthopaedic $45.5 million, respectively. provisions charged to expense surgeons during total joint replacement and other surgical were $11.6 million, $6.0 million and $11.9 million for the procedures. effective january 1, 2003, instruments are years ended december 31, 2003, 2002 and 2001, respectively. recognized as long-lived assets and are included in property, amounts written off against the reserve were $11.7 million, plant and equipment. undeployed instruments are carried at $7.1 million and $8.5 million for the years ended cost, net of allowances for obsolescence. instruments in the december 31, 2003, 2002 and 2001, respectively. field are carried at cost less accumulated depreciation. following the acquisition of centerpulse, the company depreciation is computed using the straight-line method established a common approach for estimating excess based on average estimated useful lives, determined inventory and instruments. this change in estimate resulted principally in reference to associated product life cycles, in a charge to earnings of $3.0 million after tax in the fourth primarily five years. in accordance with sfas no. 144, the quarter. company reviews instruments for impairment whenever. what was the total of inventories in 2003? 527.7 and what was it in 2002?

257.6

backlog backlog decreased in 2015 compared to 2014 primarily due to sales being recognized on several multi-year programs (such as hmsc, nisc iii, ciog and nsf asc) related to prior year awards and a limited number of large new business awards. backlog decreased in 2014 compared to 2013 primarily due to lower customer funding levels and declining activities on direct warfighter support programs impacted by defense budget reductions. trends we expect is&gs 2019 2016 net sales to decline in the high-single digit percentage range as compared to 2015, primarily driven by key loss contracts in an increasingly competitive environment, along with volume contraction on the segment 2019s major contracts. operating profit is expected to decline at a higher percentage range in 2016, as compared to net sales percentage declines, driven by higher margin program losses and re-compete programs awarded at lower margins. accordingly, 2016 margins are expected to be lower than 2015 results. missiles and fire control our mfc business segment provides air and missile defense systems; tactical missiles and air-to-ground precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support and integration services; manned and unmanned ground vehicles; and energy management solutions. mfc 2019s major programs include pac-3, thaad, multiple launch rocket system, hellfire, jassm, javelin, apache, sniper ae, low altitude navigation and targeting infrared for night (lantirn ae) and sof clss. mfc 2019s operating results included the following (in millions):. - | 2015 | 2014 | 2013 net sales | $6770 | $7092 | $6795 operating profit | 1282 | 1344 | 1379 operating margins | 18.9% (18.9%) | 19.0% (19.0%) | 20.3% (20.3%) backlog at year-end | $15500 | $13300 | $14300 2015 compared to 2014 mfc 2019s net sales in 2015 decreased $322 million, or 5% (5%), compared to the same period in 2014. the decrease was attributable to lower net sales of approximately $345 million for air and missile defense programs due to fewer deliveries (primarily pac-3) and lower volume (primarily thaad); and approximately $85 million for tactical missile programs due to fewer deliveries (primarily guided multiple launch rocket system (gmlrs)) and joint air-to-surface standoff missile, partially offset by increased deliveries for hellfire. these decreases were partially offset by higher net sales of approximately $55 million for energy solutions programs due to increased volume. mfc 2019s operating profit in 2015 decreased $62 million, or 5% (5%), compared to 2014. the decrease was attributable to lower operating profit of approximately $100 million for fire control programs due primarily to lower risk retirements (primarily lantirn and sniper); and approximately $65 million for tactical missile programs due to lower risk retirements (primarily hellfire and gmlrs) and fewer deliveries. these decreases were partially offset by higher operating profit of approximately $75 million for air and missile defense programs due to increased risk retirements (primarily thaad). adjustments not related to volume, including net profit booking rate adjustments and other matters, were approximately $60 million lower in 2015 compared to 2014. 2014 compared to 2013 mfc 2019s net sales increased $297 million, or 4% (4%), in 2014 as compared to 2013. the increase was primarily attributable to higher net sales of approximately $180 million for air and missile defense programs primarily due to increased volume for thaad; about $115 million for fire control programs due to increased deliveries (including apache); and about $125 million for various other programs due to increased volume. these increases were partially offset by lower net sales of approximately $115 million for tactical missile programs due to fewer deliveries (primarily high mobility artillery rocket system and army tactical missile system). mfc 2019s operating profit decreased $35 million, or 3% (3%), in 2014 as compared to 2013. the decrease was primarily attributable to lower operating profit of about $20 million for tactical missile programs due to net warranty reserve adjustments for various programs (including jassm and gmlrs) and fewer deliveries; and approximately $45 million for various other programs due to lower risk retirements. the decreases were offset by higher operating profit of approximately $20 million for air and missile defense programs due to increased volume (primarily thaad and pac-3); and about. what is the sum of the average backlog at year-end in 2014 and 2015?

28800.0

amortized over a nine-year period beginning december 2015. see note 2 to the financial statements for further discussion of the business combination and customer credits. the volume/weather variance is primarily due to the effect of more favorable weather during the unbilled period and an increase in industrial usage, partially offset by the effect of less favorable weather on residential sales. the increase in industrial usage is primarily due to expansion projects, primarily in the chemicals industry, and increased demand from new customers, primarily in the industrial gases industry. the louisiana act 55 financing savings obligation variance results from a regulatory charge for tax savings to be shared with customers per an agreement approved by the lpsc. the tax savings resulted from the 2010-2011 irs audit settlement on the treatment of the louisiana act 55 financing of storm costs for hurricane gustav and hurricane ike. see note 3 to the financial statements for additional discussion of the settlement and benefit sharing. included in other is a provision of $23 million recorded in 2016 related to the settlement of the waterford 3 replacement steam generator prudence review proceeding, offset by a provision of $32 million recorded in 2015 related to the uncertainty at that time associated with the resolution of the waterford 3 replacement steam generator prudence review proceeding. a0 see note 2 to the financial statements for a discussion of the waterford 3 replacement steam generator prudence review proceeding. entergy wholesale commodities following is an analysis of the change in net revenue comparing 2016 to 2015. amount (in millions). - | amount (in millions) 2015 net revenue | $1666 nuclear realized price changes | -149 (149) rhode island state energy center | -44 (44) nuclear volume | -36 (36) fitzpatrick reimbursement agreement | 41 nuclear fuel expenses | 68 other | -4 (4) 2016 net revenue | $1542 as shown in the table above, net revenue for entergy wholesale commodities decreased by approximately $124 million in 2016 primarily due to: 2022 lower realized wholesale energy prices and lower capacity prices, the amortization of the palisades below- market ppa, and vermont yankee capacity revenue. the effect of the amortization of the palisades below- market ppa and vermont yankee capacity revenue on the net revenue variance from 2015 to 2016 is minimal; 2022 the sale of the rhode island state energy center in december 2015. see note 14 to the financial statements for further discussion of the rhode island state energy center sale; and 2022 lower volume in the entergy wholesale commodities nuclear fleet resulting from more refueling outage days in 2016 as compared to 2015 and larger exercise of resupply options in 2016 as compared to 2015. see 201cnuclear matters - indian point 201d below for discussion of the extended indian point 2 outage in the second quarter entergy corporation and subsidiaries management 2019s financial discussion and analysis. what was the difference in net revenue between 2015 and 2016?

124.0

settlements, and the expiration of statutes of limi- tation, the company currently estimates that the amount of unrecognized tax benefits could be reduced by up to $365 million during the next twelve months, with no significant impact on earnings or cash tax payments. while the company believes that it is adequately accrued for possible audit adjust- ments, the final resolution of these examinations cannot be determined at this time and could result in final settlements that differ from current estimates. the company recorded an income tax provision for 2007 of $415 million, including a $41 million benefit related to the effective settlement of tax audits, and $8 million of other tax benefits. excluding the impact of special items, the tax provision was $423 million, or 30% (30%) of pre-tax earnings before minority interest. the company recorded an income tax provision for 2006 of $1.9 billion, consisting of a $1.6 billion deferred tax provision (principally reflecting deferred taxes on the 2006 transformation plan forestland sales) and a $300 million current tax provision. the provision also includes an $11 million provision related to a special tax adjustment. excluding the impact of special items, the tax provision was $272 million, or 29% (29%) of pre-tax earnings before minority interest. the company recorded an income tax benefit for 2005 of $407 million, including a $454 million net tax benefit related to a special tax adjustment, consisting of a tax benefit of $627 million resulting from an agreement reached with the u.s. internal revenue service concerning the 1997 through 2000 u.s. federal income tax audit, a $142 million charge for deferred taxes related to earnings repatriations under the american jobs creation act of 2004, and $31 million of other tax charges. excluding the impact of special items, the tax provision was $83 million, or 20% (20%) of pre-tax earnings before minority interest. international paper has non-u.s. net operating loss carryforwards of approximately $352 million that expire as follows: 2008 through 2017 2014 $14 million and indefinite carryforwards of $338 million. interna- tional paper has tax benefits from net operating loss carryforwards for state taxing jurisdictions of approximately $258 million that expire as follows: 2008 through 2017 2014$83 million and 2018 through 2027 2014$175 million. international paper also has federal, non-u.s. and state tax credit carryforwards that expire as follows: 2008 through 2017 2014 $67 million, 2018 through 2027 2014 $92 million, and indefinite carryforwards 2014 $316 million. further, international paper has state capital loss carryfor- wards that expire as follows: 2008 through 2017 2014 $9 million. deferred income taxes are not provided for tempo- rary differences of approximately $3.7 billion, $2.7 billion and $2.4 billion as of december 31, 2007, 2006 and 2005, respectively, representing earnings of non-u.s. subsidiaries intended to be permanently reinvested. computation of the potential deferred tax liability associated with these undistributed earnings and other basis differences is not practicable. note 10 commitments and contingent liabilities certain property, machinery and equipment are leased under cancelable and non-cancelable agree- ments. unconditional purchase obligations have been entered into in the ordinary course of business, prin- cipally for capital projects and the purchase of cer- tain pulpwood, wood chips, raw materials, energy and services, including fiber supply agreements to purchase pulpwood that were entered into con- currently with the 2006 transformation plan forest- land sales (see note 7). at december 31, 2007, total future minimum commitments under existing non-cancelable operat- ing leases and purchase obligations were as follows: in millions 2008 2009 2010 2011 2012 thereafter. in millions | 2008 | 2009 | 2010 | 2011 | 2012 | thereafter lease obligations | $136 | $116 | $101 | $84 | $67 | $92 purchase obligations (a) | 1953 | 294 | 261 | 235 | 212 | 1480 total | $2089 | $410 | $362 | $319 | $279 | $1572 (a) includes $2.1 billion relating to fiber supply agreements entered into at the time of the transformation plan forestland sales. rent expense was $168 million, $217 million and $216 million for 2007, 2006 and 2005, respectively. international paper entered into an agreement in 2000 to guarantee, for a fee, an unsecured con- tractual credit agreement between a financial institution and an unrelated third-party customer. in the fourth quarter of 2006, the customer cancelled the agreement and paid the company a fee of $11 million, which is included in cost of products sold in the accompanying consolidated statement of oper- ations. the company has no future obligations under this agreement.. as of december 31, 2007, what was the amount of the purchase obligations due in 2008? 1953.0 and what was the total of all obligations?

2089.0

inventory on hand, as well as our future purchase commitments with our suppliers, considering multiple factors, including demand forecasts, product life cycle, current sales levels, pricing strategy and cost trends. if our review indicates that inventories of raw materials, components or finished products have become obsolete or are in excess of anticipated demand or that inventory cost exceeds net realizable value, we may be required to make adjustments that will impact the results of operations. goodwill and non-amortizable intangible assets valuation - we test goodwill and non-amortizable intangible assets for impairment annually or more frequently if events occur that would warrant such review. while the company has the option to perform a qualitative assessment for both goodwill and non-amortizable intangible assets to determine if it is more likely than not that an impairment exists, the company elects to perform the quantitative assessment for our annual impairment analysis. the impairment analysis involves comparing the fair value of each reporting unit or non-amortizable intangible asset to the carrying value. if the carrying value exceeds the fair value, goodwill or a non-amortizable intangible asset is considered impaired. to determine the fair value of goodwill, we primarily use a discounted cash flow model, supported by the market approach using earnings multiples of comparable global and local companies within the tobacco industry. at december 31, 2018, the carrying value of our goodwill was $7.2 billion, which is related to ten reporting units, each of which consists of a group of markets with similar economic characteristics. the estimated fair value of each of our ten reporting units exceeded the carrying value as of december 31, 2018. to determine the fair value of non-amortizable intangible assets, we primarily use a discounted cash flow model applying the relief-from-royalty method. we concluded that the fair value of our non- amortizable intangible assets exceeded the carrying value. these discounted cash flow models include management assumptions relevant for forecasting operating cash flows, which are subject to changes in business conditions, such as volumes and prices, costs to produce, discount rates and estimated capital needs. management considers historical experience and all available information at the time the fair values are estimated, and we believe these assumptions are consistent with the assumptions a hypothetical marketplace participant would use. since the march 28, 2008, spin-off from altria group, inc., we have not recorded a charge to earnings for an impairment of goodwill or non-amortizable intangible assets. marketing costs - we incur certain costs to support our products through programs that include advertising, marketing, consumer engagement and trade promotions. the costs of our advertising and marketing programs are expensed in accordance with u.s. gaap. recognition of the cost related to our consumer engagement and trade promotion programs contain uncertainties due to the judgment required in estimating the potential performance and compliance for each program. for volume-based incentives provided to customers, management continually assesses and estimates, by customer, the likelihood of the customer's achieving the specified targets, and records the reduction of revenue as the sales are made. for other trade promotions, management relies on estimated utilization rates that have been developed from historical experience. changes in the assumptions used in estimating the cost of any individual marketing program would not result in a material change in our financial position, results of operations or operating cash flows. employee benefit plans - as discussed in item 8, note 13. benefit plans to our consolidated financial statements, we provide a range of benefits to our employees and retired employees, including pensions, postretirement health care and postemployment benefits (primarily severance). we record annual amounts relating to these plans based on calculations specified by u.s. gaap. these calculations include various actuarial assumptions, such as discount rates, assumed rates of return on plan assets, compensation increases, mortality, turnover rates and health care cost trend rates. we review actuarial assumptions on an annual basis and make modifications to the assumptions based on current rates and trends when it is deemed appropriate to do so. as permitted by u.s. gaap, any effect of the modifications is generally amortized over future periods. we believe that the assumptions utilized in calculating our obligations under these plans are reasonable based upon our historical experience and advice from our actuaries. weighted-average discount rate assumptions for pension and postretirement plan obligations at december 31, 2018 and 2017 are as follows:. - | 2018 | 2017 pension plans | 1.61% (1.61%) | 1.51% (1.51%) postretirement plans | 3.97% (3.97%) | 3.79% (3.79%) we anticipate that assumption changes will increase 2019 pre-tax pension and postretirement expense to approximately $205 million as compared with approximately $160 million in 2018, excluding amounts related to employee severance and early retirement programs. the anticipated increase is primarily due to higher amortization out of other comprehensive earnings for unrecognized actuarial gains/ losses of $14 million, coupled with lower return on assets of $16 million, higher interest and service cost of $12 million and $4 million respectively, partially offset by other movements of $1 million. weighted-average expected rate of return and discount rate assumptions have a significant effect on the amount of expense reported for the employee benefit plans. a fifty-basis-point decrease in our discount rate would increase our 2019 pension and postretirement expense by approximately $50 million, and a fifty-basis-point increase in our discount rate would decrease our 2019 pension and postretirement. what is the pre-tax pension and postretirement expense in 2019? 205.0 and what is it in 2018? 160.0 what is, then, the change over the year?

45.0

directors in advance for their review. in the event the cbot directors determine in their sole discretion that a proposed rule change will materially impair the business of cbot or the business opportunities of the holders of the cbot memberships, such change must be submitted to a committee comprised of three cbot directors and two cme directors (as defined in our bylaws). in connection with these rights, our ability to take certain actions that we may deem to be in the best interests of the company and its shareholders, including actions relating to the operation of our open outcry trading facilities and certain pricing decisions, may be limited by the rights of our members. item 1b.unresolved staff comments not applicable. item 2. properties our global headquarters are located in chicago, illinois at 20 south wacker drive. the following is a description of our key locations and facilities. location primary use owned/leased lease expiration approximate size (in square feet) (1) 20 south wacker drive, chicago, illinois global headquarters and office space leased 2022 (2) 490000 141 west jackson chicago, illinois chicago trading floor and office space owned n/a 1500000 (3) 550 west washington chicago, illinois office space leased 2023 225000 one north end new york, new york new york trading floor and office space mixed (4) 2069 500000 (5) 33 cannon street, london office space leased 2019 14000 (6) one new change, london office space leased 2026 40000 (7) annex data center chicagoland area business continuity leased 2014 100000 remote data center chicagoland area business continuity leased 2017 50000 data center 3 chicagoland area business continuity and co-location owned n/a 430000 (1) size represents the amount of space leased by us unless otherwise noted. (2) the initial lease expires in 2022 with two consecutive options to extend the term for seven and ten years, respectively. (3) we occupy approximately 425000 square feet of the 141 west jackson complex. (4) the one north end property is subject to a ground lease with the battery park city authority for the site of our new york offices and trading facility. in accordance with the terms of the lease, we are deemed to lease the building and its improvements from the landlord. we do not make lease payments to the landlord related to the building and we receive the financial benefit of the rental income. (5) we occupy approximately 350000 square feet of the one north end building. (6) we have a termination right effective in the first quarter of 2012, which we intend to exercise in the first quarter of 2011. (7) we expect to occupy the space at one new change in the second quarter of 2011. we also lease global office space around the world and have also partnered with major global telecommunications carriers in connection with our telecommunications hubs whereby we place data cabinets within the carriers 2019 existing secured data centers. we believe our facilities are adequate for our current operations and that additional space can be obtained if needed. item 3. legal proceedings see 201clegal matters 201d in note 18. contingencies to the consolidated financial statements beginning on page 96 for cme group 2019s litigation disclosure which is incorporated herein by reference.. location | primary use | owned/leased | lease expiration | approximate size (in squarefeet) (1) 20south wacker drive chicagoillinois | global headquarters and office space | leased | 2022 (2) | 490000 141west jacksonchicago illinois | chicago trading floor and office space | owned | n/a | 1500000 (3) 550west washingtonchicago illinois | office space | leased | 2023 | 225000 onenorth endnew york new york | new york trading floor and office space | mixed (4) | 2069 | 500000 (5) 33cannon street london | office space | leased | 2019 | 14000 (6) onenew change london | office space | leased | 2026 | 40000 (7) annexdata centerchicagoland area | business continuity | leased | 2014 | 100000 remotedata centerchicagoland area | business continuity | leased | 2017 | 50000 datacenter 3chicagoland area | business continuity and co-location | owned | n/a | 430000 directors in advance for their review. in the event the cbot directors determine in their sole discretion that a proposed rule change will materially impair the business of cbot or the business opportunities of the holders of the cbot memberships, such change must be submitted to a committee comprised of three cbot directors and two cme directors (as defined in our bylaws). in connection with these rights, our ability to take certain actions that we may deem to be in the best interests of the company and its shareholders, including actions relating to the operation of our open outcry trading facilities and certain pricing decisions, may be limited by the rights of our members. item 1b.unresolved staff comments not applicable. item 2. properties our global headquarters are located in chicago, illinois at 20 south wacker drive. the following is a description of our key locations and facilities. location primary use owned/leased lease expiration approximate size (in square feet) (1) 20 south wacker drive, chicago, illinois global headquarters and office space leased 2022 (2) 490000 141 west jackson chicago, illinois chicago trading floor and office space owned n/a 1500000 (3) 550 west washington chicago, illinois office space leased 2023 225000 one north end new york, new york new york trading floor and office space mixed (4) 2069 500000 (5) 33 cannon street, london office space leased 2019 14000 (6) one new change, london office space leased 2026 40000 (7) annex data center chicagoland area business continuity leased 2014 100000 remote data center chicagoland area business continuity leased 2017 50000 data center 3 chicagoland area business continuity and co-location owned n/a 430000 (1) size represents the amount of space leased by us unless otherwise noted. (2) the initial lease expires in 2022 with two consecutive options to extend the term for seven and ten years, respectively. (3) we occupy approximately 425000 square feet of the 141 west jackson complex. (4) the one north end property is subject to a ground lease with the battery park city authority for the site of our new york offices and trading facility. in accordance with the terms of the lease, we are deemed to lease the building and its improvements from the landlord. we do not make lease payments to the landlord related to the building and we receive the financial benefit of the rental income. (5) we occupy approximately 350000 square feet of the one north end building. (6) we have a termination right effective in the first quarter of 2012, which we intend to exercise in the first quarter of 2011. (7) we expect to occupy the space at one new change in the second quarter of 2011. we also lease global office space around the world and have also partnered with major global telecommunications carriers in connection with our telecommunications hubs whereby we place data cabinets within the carriers 2019 existing secured data centers. we believe our facilities are adequate for our current operations and that additional space can be obtained if needed. item 3. legal proceedings see 201clegal matters 201d in note 18. contingencies to the consolidated financial statements beginning on page 96 for cme group 2019s litigation disclosure which is incorporated herein by reference.. what year does the initial lease expire for the chicago headquarters? 2022.0 what is that plus 9? 2031.0 what is that value plus 10?

2041.0