Ayushnangia/finbench-data huggingface dataset:
performance graph the table below compares the cumulative total shareholder return on our common stock with the cumulative total return of ( i ) the standard & poor 2019s 500 composite stock index ( 201cs&p 500 index 201d ) , ( ii ) the standard & poor 2019s industrials index ( 201cs&p industrials index 201d ) and ( iii ) the standard & poor 2019s consumer durables & apparel index ( 201cs&p consumer durables & apparel index 201d ) , from december 31 , 2007 through december 31 , 2012 , when the closing price of our common stock was $ 16.66 .
the graph assumes investments of $ 100 on december 31 , 2007 in our common stock and in each of the three indices and the reinvestment of dividends .
performance graph 2007 2008 2009 2010 2011 2012 s&p 500 index s&p industrials index s&p consumer durables & apparel index the table below sets forth the value , as of december 31 for each of the years indicated , of a $ 100 investment made on december 31 , 2007 in each of our common stock , the s&p 500 index , the s&p industrials index and the s&p consumer durables & apparel index and includes the reinvestment of dividends. .

2008
2009
2010
2011
2012
masco
$ 55.78
$ 71.52
$ 67.12
$ 52.15
$ 92.49
s&p 500 index
$ 63.45
$ 79.90
$ 91.74
$ 93.67
$ 108.55
s&p industrials index
$ 60.60
$ 72.83
$ 92.04
$ 91.50
$ 105.47
s&p consumer durables & apparel index
$ 66.43
$ 90.54
$ 118.19
$ 127.31
$ 154.72

in july 2007 , our board of directors authorized the purchase of up to 50 million shares of our common stock in open-market transactions or otherwise .
at december 31 , 2012 , we had remaining authorization to repurchase up to 24 million shares .
during the first quarter of 2012 , we repurchased and retired one million shares of our common stock , for cash aggregating $ 8 million to offset the dilutive impact of the 2012 grant of one million shares of long-term stock awards .
we have not purchased any shares since march 2012. .

Question: what was the percent of the increase in the performance of the s&p 500 index from 2008 to 2009
Answer: 25.93%
Explanation: the performance of the s&p 500 index increased by 25.93 from 2008 to 2009
Calculation: subtract(79.90, 63.45), divide(#0, 63.45)
the weighted-average grant date fair value of altria group , inc .
restricted stock and deferred stock granted during the years ended december 31 , 2014 , 2013 and 2012 was $ 53 million , $ 49 million and $ 53 million , respectively , or $ 36.75 , $ 33.76 and $ 28.77 per restricted or deferred share , respectively .
the total fair value of altria group , inc .
restricted stock and deferred stock vested during the years ended december 31 , 2014 , 2013 and 2012 was $ 86 million , $ 89 million and $ 81 million , respectively .
stock options : altria group , inc .
has not granted stock options since 2002 , and there have been no stock options outstanding since february 29 , 2012 .
the total intrinsic value of options exercised during the year ended december 31 , 2012 was insignificant .
note 12 .
earnings per share basic and diluted earnings per share ( 201ceps 201d ) were calculated using the following: .

( in millions )
for the years ended december 31 , 2014
for the years ended december 31 , 2013
for the years ended december 31 , 2012
net earnings attributable to altria group inc .
$ 5070
$ 4535
$ 4180
less : distributed and undistributed earnings attributable to unvested restricted and deferred shares
-12 ( 12 )
-12 ( 12 )
-13 ( 13 )
earnings for basic and diluted eps
$ 5058
$ 4523
$ 4167
weighted-average shares for basic and diluted eps
1978
1999
2024

net earnings attributable to altria group , inc .
$ 5070 $ 4535 $ 4180 less : distributed and undistributed earnings attributable to unvested restricted and deferred shares ( 12 ) ( 12 ) ( 13 ) earnings for basic and diluted eps $ 5058 $ 4523 $ 4167 weighted-average shares for basic and diluted eps 1978 1999 2024 since february 29 , 2012 , there have been no stock options outstanding .
for the 2012 computation , there were no antidilutive stock options .
altria group , inc .
and subsidiaries notes to consolidated financial statements _________________________ altria_mdc_2014form10k_nolinks_crops.pdf 54 2/25/15 5:56 pm .

Question: what is the percent change in earnings for basic and diluted eps from 2013 to 2014?
Answer: 11.8%
Calculation: subtract(5058, 4523), divide(#0, 4523)
entergy mississippi , inc .
management's financial discussion and analysis other regulatory charges ( credits ) have no material effect on net income due to recovery and/or refund of such expenses .
other regulatory credits increased primarily due to the under-recovery through the grand gulf rider of grand gulf capacity charges .
2003 compared to 2002 net revenue , which is entergy mississippi's measure of gross margin , consists of operating revenues net of : 1 ) fuel , fuel-related , and purchased power expenses and 2 ) other regulatory charges ( credits ) .
following is an analysis of the change in net revenue comparing 2003 to 2002. .

( in millions )
2002 net revenue
$ 380.2
base rates
48.3
other
-1.9 ( 1.9 )
2003 net revenue
$ 426.6

the increase in base rates was effective january 2003 as approved by the mpsc .
gross operating revenue , fuel and purchased power expenses , and other regulatory charges ( credits ) gross operating revenues increased primarily due to an increase in base rates effective january 2003 and an increase of $ 29.7 million in fuel cost recovery revenues due to quarterly changes in the fuel factor resulting from the increases in market prices of natural gas and purchased power .
this increase was partially offset by a decrease of $ 35.9 million in gross wholesale revenue as a result of decreased generation and purchases that resulted in less energy available for resale sales .
fuel and fuel-related expenses decreased primarily due to the decreased recovery of fuel and purchased power costs and decreased generation , partially offset by an increase in the market price of purchased power .
other regulatory charges increased primarily due to over-recovery of capacity charges related to the grand gulf rate rider and the cessation of the grand gulf accelerated recovery tariff that was suspended in july 2003 .
other income statement variances 2004 compared to 2003 other operation and maintenance expenses increased primarily due to : 2022 an increase of $ 6.6 million in customer service support costs ; and 2022 an increase of $ 3.7 million in benefit costs .
the increase was partially offset by the absence of the voluntary severance program accruals of $ 7.1 million that occurred in 2003 .
taxes other than income taxes increased primarily due to a higher assessment of ad valorem and franchise taxes compared to the same period in 2003 .
2003 compared to 2002 other operation and maintenance expenses increased primarily due to : 2022 voluntary severance program accruals of $ 7.1 million ; and 2022 an increase of $ 4.4 million in benefit costs. .

Question: what is the decrease in gross wholesale revenue as a percentage of 2003 net revenue?
Answer: 8.42%
Calculation: divide(35.9, 426.6)
issuer purchases of equity securities during the three months ended december 31 , 2012 , we repurchased 619314 shares of our common stock for an aggregate of approximately $ 46.0 million , including commissions and fees , pursuant to our publicly announced stock repurchase program , as follows : period total number of shares purchased ( 1 ) average price paid per share ( 2 ) total number of shares purchased as part of publicly announced plans or programs approximate dollar value of shares that may yet be purchased under the plans or programs ( in millions ) .

period
total number of shares purchased ( 1 )
average price paid per share ( 2 )
total number of shares purchased as part of publicly announced plans orprograms
approximate dollar value of shares that may yet be purchased under the plans orprograms ( in millions )
october 2012
27524
$ 72.62
27524
$ 1300.1
november 2012
489390
$ 74.22
489390
$ 1263.7
december 2012
102400
$ 74.83
102400
$ 1256.1
total fourth quarter
619314
$ 74.25
619314
$ 1256.1

( 1 ) repurchases made pursuant to the $ 1.5 billion stock repurchase program approved by our board of directors in march 2011 ( the 201c2011 buyback 201d ) .
under this program , our management is authorized to purchase shares from time to time through open market purchases or privately negotiated transactions at prevailing prices as permitted by securities laws and other legal requirements , and subject to market conditions and other factors .
to facilitate repurchases , we make purchases pursuant to trading plans under rule 10b5-1 of the exchange act , which allows us to repurchase shares during periods when we otherwise might be prevented from doing so under insider trading laws or because of self-imposed trading blackout periods .
this program may be discontinued at any time .
( 2 ) average price per share is calculated using the aggregate price , excluding commissions and fees .
we continued to repurchase shares of our common stock pursuant to our 2011 buyback subsequent to december 31 , 2012 .
between january 1 , 2013 and january 21 , 2013 , we repurchased an additional 15790 shares of our common stock for an aggregate of $ 1.2 million , including commissions and fees , pursuant to the 2011 buyback .
as a result , as of january 21 , 2013 , we had repurchased a total of approximately 4.3 million shares of our common stock under the 2011 buyback for an aggregate of $ 245.2 million , including commissions and fees .
we expect to continue to manage the pacing of the remaining $ 1.3 billion under the 2011 buyback in response to general market conditions and other relevant factors. .

Question: was was the total amount spent on stock repurchases in the fourth quarter?
Answer: 45984064
Calculation: multiply(619314, 74.25)
jpmorgan chase & co./2010 annual report 281 pledged assets at december 31 , 2010 , assets were pledged to collateralize repur- chase agreements , other securities financing agreements , derivative transactions and for other purposes , including to secure borrowings and public deposits .
certain of these pledged assets may be sold or repledged by the secured parties and are identified as financial instruments owned ( pledged to various parties ) on the consoli- dated balance sheets .
in addition , at december 31 , 2010 and 2009 , the firm had pledged $ 288.7 billion and $ 344.6 billion , respectively , of financial instruments it owns that may not be sold or repledged by the secured parties .
the significant components of the firm 2019s pledged assets were as follows. .

december 31 ( in billions )
2010
2009
securities
$ 112.1
$ 155.3
loans
214.8
285.5
trading assets and other
123.2
84.6
totalassetspledged ( a )
$ 450.1
$ 525.4

total assets pledged ( a ) $ 450.1 $ 525.4 ( a ) total assets pledged do not include assets of consolidated vies ; these assets are used to settle the liabilities of those entities .
see note 16 on pages 244 2013 259 of this annual report for additional information on assets and liabilities of consolidated vies .
collateral at december 31 , 2010 and 2009 , the firm had accepted assets as collateral that it could sell or repledge , deliver or otherwise use with a fair value of approximately $ 655.0 billion and $ 635.6 billion , respectively .
this collateral was generally obtained under resale agreements , securities borrowing agreements , cus- tomer margin loans and derivative agreements .
of the collateral received , approximately $ 521.3 billion and $ 472.7 billion were sold or repledged , generally as collateral under repurchase agreements , securities lending agreements or to cover short sales and to collat- eralize deposits and derivative agreements .
the reporting of collat- eral sold or repledged was revised in 2010 to include certain securities used to cover short sales and to collateralize deposits and derivative agreements .
prior period amounts have been revised to conform to the current presentation .
this revision had no impact on the firm 2019s consolidated balance sheets or its results of operations .
contingencies in 2008 , the firm resolved with the irs issues related to compliance with reporting and withholding requirements for certain accounts transferred to the bank of new york mellon corporation ( 201cbnym 201d ) in connection with the firm 2019s sale to bnym of its corporate trust business .
the resolution of these issues did not have a material effect on the firm. .

Question: what was the percent of the firm 2019s total pledged assets in 2010 that was loans
Answer: 47.7%
Calculation: divide(214.8, 450.1)
the contracts were valued as of april 1 , 2002 , and an asset and a corresponding gain of $ 127 million , net of income taxes , was recorded as a cumulative effect of a change in accounting principle in the second quarter of 2002 .
the majority of the gain recorded relates to the warrior run contract , as the asset value of the deepwater contract on april 1 , 2002 , was less than $ 1 million .
the warrior run contract qualifies and was designated as a cash flow hedge as defined by sfas no .
133 and hedge accounting is applied for this contract subsequent to april 1 , 2002 .
the contract valuations were performed using current forward electricity and gas price quotes and current market data for other contract variables .
the forward curves used to value the contracts include certain assumptions , including projections of future electricity and gas prices in periods where future prices are not quoted .
fluctuations in market prices and their impact on the assumptions will cause the value of these contracts to change .
such fluctuations will increase the volatility of the company 2019s reported results of operations .
11 .
commitments , contingencies and risks operating leases 2014as of december 31 , 2002 , the company was obligated under long-term non-cancelable operating leases , primarily for office rental and site leases .
rental expense for operating leases , excluding amounts related to the sale/leaseback discussed below , was $ 31 million $ 32 million and $ 13 million in the years ended december 31 , 2002 , 2001and 2000 , respectively , including commitments of businesses classified as discontinued amounting to $ 6 million in 2002 , $ 16 million in 2001 and $ 6 million in 2000 .
the future minimum lease commitments under these leases are as follows ( in millions ) : discontinued total operations .

total
discontinued operations
2003
$ 30
$ 4
2004
20
4
2005
15
3
2006
11
1
2007
9
1
thereafter
84
1
total
$ 169
$ 14

sale/leaseback 2014in may 1999 , a subsidiary of the company acquired six electric generating stations from new york state electric and gas ( 2018 2018nyseg 2019 2019 ) .
concurrently , the subsidiary sold two of the plants to an unrelated third party for $ 666 million and simultaneously entered into a leasing arrangement with the unrelated party .
this transaction has been accounted for as a sale/leaseback with operating lease treatment .
rental expense was $ 54 million , $ 58 million and $ 54 million in 2002 , 2001 and 2000 , respectively .
future minimum lease commitments are as follows ( in millions ) : in connection with the lease of the two power plants , the subsidiary is required to maintain a rent reserve account equal to the maximum semi-annual payment with respect to the sum of the basic rent ( other then deferrable basic rent ) and fixed charges expected to become due in the immediately succeeding three-year period .
at december 31 , 2002 , 2001 and 2000 , the amount deposited in the rent reserve account approximated .

Question: total discontinued operations represent what percentage of total future minimum lease commitments?
Answer: 8%
Calculation: divide(14, 169)
packaging corporation of america notes to consolidated financial statements ( continued ) december 31 , 2002 2 .
summary of significant accounting policies ( continued ) stock-based compensation pca entered into management equity agreements in june 1999 with 125 of its management-level employees .
these agreements provide for the grant of options to purchase up to an aggregate of 6576460 shares of pca 2019s common stock at $ 4.55 per share , the same price per share at which pca holdings llc purchased common stock in the transactions .
the agreement called for these options to vest ratably over a five-year period , or upon completion of an initial public offering , full vesting with contractual restrictions on transfer for a period of up to 18 months following completion of the offering .
the options vested with the initial public offering in january 2000 , and the restriction period ended august , 2001 .
in october 1999 , the company adopted a long-term equity incentive plan , which provides for grants of stock options , stock appreciation rights ( sars ) , restricted stock and performance awards to directors , officers and employees of pca , as well as others who engage in services for pca .
option awards granted to officers and employees vest ratably over a four-year period , whereas option awards granted to directors vest immediately .
under the plan , which will terminate on june 1 , 2009 , up to 4400000 shares of common stock is available for issuance under the long-term equity incentive plan .
a summary of the company 2019s stock option activity , and related information for the years ended december 31 , 2002 , 2001 and 2000 follows : options weighted-average exercise price .

options
weighted-average exercise price
balance january 1 2000
6569200
$ 4.55
granted
1059700
11.92
exercised
-398138 ( 398138 )
4.55
forfeited
-26560 ( 26560 )
6.88
balance december 31 2000
7204202
$ 5.62
granted
953350
15.45
exercised
-1662475 ( 1662475 )
4.59
forfeited
-16634 ( 16634 )
11.18
balance december 31 2001
6478443
$ 7.31
granted
871000
19.55
exercised
-811791 ( 811791 )
5.52
forfeited
-63550 ( 63550 )
15.44
balance december 31 2002
6474102
$ 9.10

clean proof : for cycle 12 .

Question: what is the total value of the balance of options as of december 31 , 2002 , in millions?
Answer: 58.9
Calculation: multiply(6474102, 9.10), divide(#0, const_1000000)
dish network corporation notes to consolidated financial statements - continued future minimum lease payments under the capital lease obligation , together with the present value of the net minimum lease payments as of december 31 , 2010 are as follows ( in thousands ) : for the years ended december 31 .

2011
$ 82184
2012
77110
2013
75970
2014
75970
2015
75970
thereafter
390239
total minimum lease payments
777443
less : amount representing lease of the orbital location and estimated executory costs ( primarily insurance and maintenance ) including profit thereon included in total minimum lease payments
-357982 ( 357982 )
net minimum lease payments
419461
less : amount representing interest
-132490 ( 132490 )
present value of net minimum lease payments
286971
less : current portion
-24801 ( 24801 )
long-term portion of capital lease obligations
$ 262170

the summary of future maturities of our outstanding long-term debt as of december 31 , 2010 is included in the commitments table in note 14 .
10 .
income taxes and accounting for uncertainty in income taxes income taxes our income tax policy is to record the estimated future tax effects of temporary differences between the tax bases of assets and liabilities and amounts reported on our consolidated balance sheets , as well as probable operating loss , tax credit and other carryforwards .
deferred tax assets are offset by valuation allowances when we believe it is more likely than not that net deferred tax assets will not be realized .
we periodically evaluate our need for a valuation allowance .
determining necessary valuation allowances requires us to make assessments about historical financial information as well as the timing of future events , including the probability of expected future taxable income and available tax planning opportunities .
as of december 31 , 2010 , we had no net operating loss carryforwards ( 201cnols 201d ) for federal income tax purposes and $ 13 million of nol benefit for state income tax purposes .
the state nols begin to expire in the year 2020 .
in addition , there are $ 11 million of tax benefits related to credit carryforwards which are partially offset by a valuation allowance and $ 42 million of capital loss carryforwards which were fully offset by a valuation allowance .
the credit carryforwards begin to expire in the year 2011. .

Question: what percentage of total minimum lease payments are due in 2015?
Answer: 10%
Calculation: divide(75970, 777443)
notes to consolidated financial statements ( continued ) note 7 2014income taxes ( continued ) as of september 30 , 2006 , the company has state and foreign tax loss and state credit carryforwards , the tax effect of which is $ 55 million .
certain of those carryforwards , the tax effect of which is $ 12 million , expire between 2016 and 2019 .
a portion of these carryforwards was acquired from the company 2019s previous acquisitions , the utilization of which is subject to certain limitations imposed by the internal revenue code .
the remaining benefits from tax losses and credits do not expire .
as of september 30 , 2006 and september 24 , 2005 , a valuation allowance of $ 5 million was recorded against the deferred tax asset for the benefits of state operating losses that may not be realized .
management believes it is more likely than not that forecasted income , including income that may be generated as a result of certain tax planning strategies , together with the tax effects of the deferred tax liabilities , will be sufficient to fully recover the remaining deferred tax assets .
a reconciliation of the provision for income taxes , with the amount computed by applying the statutory federal income tax rate ( 35% ( 35 % ) in 2006 , 2005 , and 2004 ) to income before provision for income taxes , is as follows ( in millions ) : 2006 2005 2004 as restated ( 1 ) as restated ( 1 ) .

2006
2005 as restated ( 1 )
2004 as restated ( 1 )
computed expected tax
$ 987
$ 633
$ 129
state taxes net of federal effect
86
-19 ( 19 )
-5 ( 5 )
indefinitely invested earnings of foreign subsidiaries
-224 ( 224 )
-98 ( 98 )
-31 ( 31 )
nondeductible executive compensation
11
14
12
research and development credit net
-12 ( 12 )
-26 ( 26 )
-5 ( 5 )
other items
-19 ( 19 )
-24 ( 24 )
4
provision for income taxes
$ 829
$ 480
$ 104
effective tax rate
29% ( 29 % )
27% ( 27 % )
28% ( 28 % )

( 1 ) see note 2 , 201crestatement of consolidated financial statements . 201d the company 2019s income taxes payable has been reduced by the tax benefits from employee stock options .
the company receives an income tax benefit calculated as the difference between the fair market value of the stock issued at the time of the exercise and the option price , tax effected .
the net tax benefits from employee stock option transactions were $ 419 million , $ 428 million ( as restated ( 1 ) ) , and $ 83 million ( as restated ( 1 ) ) in 2006 , 2005 , and 2004 , respectively , and were reflected as an increase to common stock in the consolidated statements of shareholders 2019 equity. .

Question: what was the lowest effective tax rate in the three year period?
Answer: 27%
Calculation: table_min(effective tax rate, none)