FangyuLei/tatqa huggingface dataset:
($ in millions)
($ in millions)
($ in millions)
($ in millions)
For the year ended December 31:
2019
2018
Yr.-to-Yr. Percent/ Margin Change
Global Technology Services
External total gross profit
$9,515
$10,035
(5.2)%
External total gross profit margin
34.8%
34.4%
0.3pts.
Pre-tax income
$1,645
$ 1,781
(7.6)%
Pre-tax margin
5.8%
5.9%
(0.2)pts.
* recast to reflect segment changes .
the gts gross profit margin increased 0 .
3 points year to year to 34 .
8 percent due to the benefits of workforce actions and the continued scale out of our public cloud .
we continued to take structural actions to improve our cost competitiveness and are accelerating the use of ai and automation in delivery operations including leveraging red hat ’ s ansible platform .
pre-tax income of $ 1645 million decreased 7 .
6 percent driven primarily by the decline in revenue and gross profit and a higher level of workforce rebalancing charges in the current year .
pre-tax margin of 5 .
8 percent was essentially flat year to year with the 2019 pre-tax margin reflecting benefits from structural and workforce actions .

Question: What was the pre-tax margin of 2019?
Answer: 5.8%
US$
US$
US$
Hedging effect
(In millions of dollars, except interest rates) Effective date
Principal/ Notional amount (US$)
Maturity date
Coupon rate
Fixed hedged (Cdn$) interest rate 1
Equivalent (Cdn$)
2019 issuances
April 30, 2019
1,250
2049
4.350%
4.173%
1,676
November 12, 2019
1,000
2049
3.700%
3.996%
1,308
2018 issuances
February 8, 2018
750
2048
4.300%
4.193%
938
debt derivatives .
we use cross-currency interest rate agreements -debt derivatives to manage risks from fluctuations in foreign exchange rates associated with our us dollar-denominated senior notes and debentures lease liabilities credit facility borrowings and us cp borrowings .
we designate the debt derivatives related to our senior notes and debentures and lease liabilities as hedges for accounting purposes against the foreign exchange risk associated with specific debt instruments .
debt derivatives related to our credit facility and us cp borrowings have not been designated as hedges for accounting purposes .
1 converting from a fixed us $ coupon rate to a weighted average cdn $ fixed rate .
settlement of debt derivatives related to senior notes we did not settle any debt derivatives related to senior notes during 2019 .
in april 2018 we settled the debt derivatives related to the repayment of the entire outstanding principal amount of our us $ 1 .
4 billion - $ 1 .
8 billion 6 .
8 % senior notes otherwise due in august 2018 .
see “ sources and uses of cash ” for more information .

Question: When were the debt derivatives related to the repayment due?
Answer: August 2018
2019
2018
$ million
$ million
Tax charge in the income statement
Current income tax
UK tax
0.3
0.1
Foreign tax
9.2
6.2
Amounts underprovided/(overprovided) in previous years
0.3
(1.2)
Total current income tax charge
9.8
5.1
Deferred tax
Recognition of deferred tax assets
(1.5)
(0.8)
Reversal of temporary differences
3.5
1.4
Adjustments in respect of prior years
(0.2)
(0.3)
Total deferred tax charge
1.8
0.3
Tax charge in the income statement
11.6
5.4
10 .
tax .
the tax charge for the year ended 31 december 2019 was $ 11 .
6 million -2018 $ 5 .
4 million .
this was after a prior year tax charge of $ 0 .
1 million and a tax credit on the adjusting items of $ 0 .
7 million -2018 prior year credit of $ 1 .
5 million and tax credit on adjusting items of $ 5 .
2 million .
excluding the prior year and tax credit on adjusting items the effective tax rate was 13 .
0 per cent -2018 15 .
4 per cent .

Question: What was the effective tax rate excluding the prior year and tax credit on adjusting items?
Answer: 13.0 per cent
December 31,
December 31,
December 31,
(in millions, except percentages)
2019
2018
Total ARR
$179.5
$162.6
Year-over-year percentage increase
10%
20%
Subscription ARR
$113.9
$95.9
Year-over-year percentage increase
19%
32%
Perpetual license support ARR
$65.6
$66.7
Year-over-year percentage increase (decrease)
(2)%
6%
annual recurring revenue .
beginning with the fourth quarter of 2018 we began monitoring a new operating metric total annual recurring revenue - “ total arr ” which is defined as the annualized value of all recurring revenue contracts active at the end of a reporting period .
total arr includes the annualized value of subscriptions - “ subscription arr ” and the annualized value of software support contracts related to perpetual licenses - “ perpetual license support arr ” active at the end of a reporting period and does not include revenue reported as perpetual license or professional services in our consolidated statement of operations .
we are monitoring these metrics because they align with how our customers are increasingly purchasing our solutions and how we are managing our business .
these arr measures should be viewed independently of revenue unearned revenue and customer arrangements with termination rights as arr is an operating metric and is not intended to be combined with or replace those items .
arr is not an indicator of future revenue and can be impacted by contract start and end dates and renewal rates .
arr metrics as of december 31 2019 and 2018 were as follows -unaudited : .

Question: What were the values of perpetual license support ARRs for the years 2019 and 2018 respectively?
Answer: $65.6 $66.7
Financial income and expenses
SEK million
2018
2017
Reported in prior years
Reported in prior years
–316 
–372 
Financial expenses
–2,389 
–843 
Total
–2,705 
–1,215 
SEK million
2018
2017
Restated
Financial income
151
–50 
Financial expenses
–2,032 
–1,570 
Net foreign exchange gains and losses
–824 
405
Total
-2,705
–1,215
restatement – changes to the presentation of financial income and expenses .
due to the significant variations in sek exchange rates during the year the company has considered the change in reporting of foreign exchange effect to reflect how foreign exchange transaction risk is managed on a net basis in the company .
previously foreign exchange effects were reported within both financial income and financial expenses depending on whether they relate to assets or liabilities .
in note f2 “ financial income and expenses ” the foreign exchange effect is now presented as a net amount reported separately from other financial income and expenses items .
the comparative years 2018 and 2017 have been restated to reflect the new presentation of financial income and expenses net .
the restatement does not impact the total net financial income and expenses reported in prior years .
the following table shows the impact of the restatement : .
in line with this change the company also elected to present all financial income and expenses including the foreign exchange effect on the income statement as a single line item financial income and expenses net .
previously financial income and financial expenses were presented as separate line items on the income statement .
the income statement for all comparative years 2018 and 2017 have been restated to reflect the new presentation of financial income and expenses net .

Question: What is the change between the total of financial income, expenses and net foreign exchange gains and losses in 2018 and 2017?
Answer: -1490
Year Ended May 31,
Percent Change
Percent Change
(Dollars in millions)
2019
Actual
Constant
2018
General and administrative (1)
$1,093
-1%
2%
$1,102
Stock-based compensation
172
-5%
-5%
180
Total expenses
$1,265
-1%
1%
$1,282
% of Total Revenues
3%
3%
general and administrative expenses : general and administrative expenses primarily consist of personnel related expenditures for it finance legal and human resources support functions ; and professional services fees .
-1 excluding stock-based compensation .
excluding the effects of currency rate fluctuations total general and administrative expenses increased in fiscal 2019 compared to fiscal 2018 primarily due to increased professional services fees .

Question: Which month did the financial year end in 2019?
Answer: Year Ended May 31
Year ended December 31,
Year ended December 31,
Variance
2018
2017
$
%
Software Solutions
$567.2
$516.5
$50.7
10%
Data and Analytics
39.5
38.4
1.1
3%
ebitda and ebitda margin .
the following tables set forth ebitda -in millions and ebitda margin by segment for the periods presented : .
software solutions .
ebitda was $ 567 .
2 million in 2018 compared to $ 516 .
5 million in 2017 an increase of $ 50 .
7 million or 10 % with an ebitda margin of 59 .
0 % an increase of 190 basis points from the prior year .
the increase was primarily driven by incremental margins on revenue growth .
data and analytics .
ebitda was $ 39 .
5 million in 2018 compared to $ 38 .
4 million in 2017 an increase of $ 1 .
1 million or 3 % with an ebitda margin of 25 .
6 % an increase of 30 basis points from the prior year .
the ebitda margin increase was primarily driven by incremental margins on revenue growth .

Question: Which segments did the percent variance exceed 5%?
Answer: Software Solutions
(In millions)
2019
2018
2017
2019 Three-year PSU Awards
$ 4.3
$ —
$ —
2018 Three-year PSU Awards
0.2
2.7
—
2017 Three-year PSU Awards(1)
—
3.7
9.8
2017 COO and Chief Executive Officer-Designate 2017 New Hire Equity Awards
0.2
0.2
0.1
2016 Three-year PSU Awards(1)
—
(3.0 )
2.0
2016 President & CEO Inducement Award
—
—
0.5
2015 Three-year PSU Awards
—
—
(0.8)
2014 Special PSU Awards(2)
—
—
3.2
SLO Awards
3.2
1.6
1.1
Other long-term share-based incentive compensation programs(3)(4)
26.5
24.7
32.6
Total share-based incentive compensation expense(5)
$ 34.4
$ 29.9
$ 48.5
Associated tax benefits recognized
$ 5.8
$ 4.9
$ 11.8
the following table years ended december 31 2019 2018 and 2017 related to the company ’ s psu awards slo awards and restricted stock awards .
-1 on may 18 2017 the organization and compensation committee of our board of directors - “ o & c committee ” approved a change in the vesting policy regarding the existing 2017 three-year psu awards and 2016 three-year psu awards for ilham kadri .
the approved change resulted in a pro-rata share of vesting calculated on the close date of the sale of diversey .
dr .
kadri ’ s awards were still subject to the performance metrics stipulated in the plan documents and will be paid out in accordance with the original planned timing .
-2 the amount does not include expense related to the 2014 special psu awards that were settled in cash of $ 1 .
0 million in the year ended december 31 2017 .
-3 the amount includes the expenses associated with the restricted stock awards consisting of restricted stock shares restricted stock units and cash-settled restricted stock unit awards .
-4 on august 4 2017 the equity award committee approved a change in the vesting condition regarding the existing long-term share-based compensation programs transferring to diversey as part of the sale of diversey .
the approved change resulted in a pro-rata share of vesting calculated on the close date of the sale of diversey .
in december 2018 the equity award committee approved a change in the vesting condition for certain individuals who would be leaving the company under a phase of our reinvent see restructuring program .
for both modifications we recorded the cumulative expense of the higher fair value of the impacted awards at modification approval .
-5 the amounts do not include the expense related to our u .
s .
profit sharing contributions made in the form of our common stock as these contributions are not considered share-based incentive compensation .

Question: What years are included in the table?
Answer: 2019 2018 2017
2019
2018
2017
Federal statutory income tax rate
21.0 %
24.5 % 
35.0 %
Increase (decrease) resulting from:      
Foreign tax rate differences
(21.0)
(30.2)
(39.9)
Withholding tax on dividends 
(5.4)
23.7
—
Permanent differences 
(1.3)
0.8
3.0
Excess tax benefits related to share-based compensation 
(1.3)
(2.7)
(2.0)
Global intangible low-taxed income ("GILTI") 
11.7
—
—
Deemed repatriation tax 
5.6
92.2
—
Non-deductible compensation
1.5
0.2
0.2
Valuation allowances 
1.5
(30.6)
12.2
Rate changes 
—
9.0
—
Other, net 
1.5
1.0
(0.5)
Effective income tax rate
13.8 % 
87.9 % 
8.0 %
the following is a reconciliation of the federal statutory income tax rate to the effective income tax rates reflected in the consolidated statements of comprehensive income for fiscal 2019 2018 and 2017 : .
the effective tax rate for fiscal 2019 was lower than the effective tax rate for fiscal 2018 primarily due to the impact of the u .
s .
tax cuts and jobs act - “ tax reform ” that was recorded in fiscal 2018 .
during fiscal 2019 the company reasserted that certain historical undistributed earnings of two foreign subsidiaries will be permanently reinvested which provided a $ 10 .
5 million benefit to the effective tax rate .
the impact of the changes in the company ' s assertion has been included in " withholding tax on dividends " in the effective income tax reconciliation above .
the reduction to the effective tax rate compared to fiscal 2018 was offset by an increase due to the gilti provisions of tax reform in fiscal 2019 .
the gilti impact in the table above includes the deduction allowed by the regulations as well as the foreign tax credits attributed to gilti .
the company has elected to treat the income tax effects of gilti as a period cost .
the effective tax rate for fiscal 2018 was higher than the effective tax rate for fiscal 2017 primarily due to expenses related to tax reform .
during fiscal 2019 the company recorded a $ 1 .
9 million increase to its valuation allowance due to continuing losses in certain jurisdictions within the amer and emea segments partially offset by an expiration of net operating losses that had a valuation allowance recorded .
during fiscal 2018 the company recorded a $ 32 .
9 million reduction to its valuation allowance which includes $ 9 .
7 million related to the u .
s .
federal tax rate change as part of tax reform from 35 % to 21 % $ 21 .
0 million of carryforward credits and net operating losses utilized against the deemed repatriation of undistributed foreign earnings and $ 3 .
6 million for the release of the u .
s .
valuation allowance due to the expected future u .
s .
taxable income related to the gilti provisions of tax reform .
these benefits were partially offset by a $ 1 .
4 million increase in foreign valuation allowances in the emea segment .
during fiscal 2017 the company recorded a $ 14 .
9 million addition to its valuation allowance relating to continuing losses in certain jurisdictions within the amer and emea segments .

Question: What was the change in the increase resulting from permanent differences between 2017 and 2018?
Answer: -2.2
Year Ended December 31,
Year Ended December 31,
Year Ended December 31,
% Variation
% Variation
2019
2018
2017
2019 vs 2018
2018 vs 2017
(In millions)
(In millions)
(In millions)
(In millions)
(In millions)
EMEA
$2,265
$2,478
$2,142
(8.6)%
15.7%
Americas
1,351
1,264
1,085
6.8
16.5
Asia Pacific
5,940
5,922
5,120
0.3
15.7
Total
$9,556
$9,664
$8,347
(1.1)%
15.8%
net revenues by location of shipment are classified by location of customer invoiced or reclassified by shipment destination in line with customer demand .
for example products ordered by u .
s .
-based companies to be invoiced to asia pacific affiliates are classified as asia pacific revenues .
by location of shipment in 2019 revenues grew 6 .
8 % in americas driven by power discrete remained substantially flat in asia and decreased 8 .
6 % in emea mainly due to lower sales of microcontrollers and power discrete .
in 2018 revenues grew across all regions led by asia pacific and emea mainly due to growth in imaging and automotive .

Question: What are the average net revenues by Asia Pacific for Year Ended December 31?
Answer: 5660.67
(` crore)
Foreign exchange earnings and outgo
FY 2019
FY 2018
a. Foreign exchange earnings
119,499
92,258
b. CIF Value of imports
447
768
c.Expenditure in foreign currency
49,336
33,014
foreign exchange earnings and outgo .
export revenue constituted 93 .
3 percent of the total unconsolidated revenue in fy 2019 -92 .
2 percent in fy 2018 .

Question: What portion of total unconsolidated revenue in FY 2019 constitutes of export revenue?
Answer: 93.3
Fiscal Year Ended
Fiscal Year Ended
Fiscal Year Ended
December 28, 2019
December 29, 2018
December 30, 2017
(Dollars in thousands)
(Dollars in thousands)
(Dollars in thousands)
Interest income
$2,714
$1,356
$548
Weighted average balance of cash and investments
$179,526
$138,467
$124,637
Weighted average yield on cash and investments  
2.05 %
1.51 %
0.84 %
Interest expense
$1,915
$3,314
$4,491
Average debt outstanding
$56,776
$90,086
$127,598
Weighted average interest rate on debt
4.09 %
3.98 %
3.07 %
interest income and interest expense .
interest income is earned on our cash cash equivalents restricted cash and marketable securities .
the increase in interest income in fiscal 2019 compared to fiscal 2018 was attributable to higher investment yields related in part to longer duration investments as well as higher average investment balances .
interest expense primarily includes interest on our term loans partially offset by income from our interest-rate swap derivative contracts as well as term loan issuance costs amortization charges .
the decrease in interest expense in fiscal 2019 compared to fiscal 2018 was primarily due to lower outstanding debt balances related to the cmi acquisition as a result of principal payments made partially offset by additional interest expense related to the term loan originated to finance the acquisition of frt .
other income -expense net .
other income -expense net primarily includes the effects of foreign currency impact and various other gains and losses .

Question: What does interest expense include?
Answer: interest on our term loans, partially offset by income from our interest-rate swap derivative contracts, as well as term loan issuance costs amortization charges.
Year Ended December 31,
Year Ended December 31,
Year Ended December 31,
(In millions)
2019
2018
2017
Net periodic benefit (income) cost:
U.S. and international net periodic benefit cost included in cost of sales(1)
$ 1.1
$ 0.8
$ 1.4
U.S. and international net periodic benefit cost included in selling, general and administrative expenses
2.8
3.5
5.6
U.S. and international net periodic benefit (income) included in other (income) expense
(4.4)
(8.4)
(6.0)
Total benefit (income) cost
(0.5 )
(4.1 )
$ 1.0
defined benefit pension plans .
we recognize the funded status of each defined pension benefit plan as the difference between the fair value of plan assets and the projected benefit obligation of the employee benefit plans in the consolidated balance sheets with a corresponding adjustment to accumulated other comprehensive loss net of taxes .
each overfunded plan is recognized as an asset and each underfunded plan is recognized as a liability on our consolidated balance sheets .
subsequent changes in the funded status are reflected on the consolidated balance sheets in unrecognized pension items a component of aocl which are included in total stockholders ’ deficit .
the amount of unamortized pension items is recorded net of tax .
we have amortized actuarial gains or losses over the average future working lifetime -or remaining lifetime of inactive participants if there are no active participants .
we have used the corridor method where the corridor is the greater of ten percent of the projected benefit obligation or fair value of assets at year end .
if actuarial gains or losses do not exceed the corridor then there is no amortization of gain or loss .
during the year ended december 31 2017 several of our pension plans transferred in the sale of diversey .
two international plans were split between diversey and sealed air at the close of the sale .
unless noted the tables in this disclosure show only activity related to plans retained by sealed air .
the following table shows the components of our net periodic benefit cost for the three years ended december 31 for our pension plans charged to operations : .
-1 the amount recorded in inventory for the years ended december 31 2019 2018 and 2017 was not material .

Question: What is the U.S. and international net periodic benefit cost included in cost of sales expressed as a percentage of U.S. and international net periodic benefit cost included in selling, general and administrative expenses of 2019?
Answer: 39.29
December 31,
December 31,
2018
2019
Balance at beginning of year
(12,749)
(13,364)
Charged to cost of sales
(2,958)
(4,748)
Reversals
723
915
Utilization of the provision
1,978
4,994
Foreign currency translation effect
(358)
(324)
Balance at end of year
(13,364)
(12,527)
note 8 .
inventories .
the changes in the allowance for obsolescence are as follows : .
on december 31 2019 our allowance for inventory obsolescence amounted to € 12527 which is 6 .
7 % of total inventory .
the major part of the allowance is related to components and raw materials .
the additions for the years 2018 and 2019 mainly relate to inventory items which ceased to be used due to technological developments and design changes which resulted in obsolescence of certain parts .
the cost of inventories recognized as costs and included in cost of sales amounted to € 510 .
2 million -2018 : € 365 .
8 million .

Question: What is the percentage change in Balance at end of year from 2018 to 2019?
Answer: -6.26
Fiscal 2019
Fiscal 2018
% Change
(in millions)
(in millions)
(in millions)
Sales
$  317.9
$  325.2
(2)%
Operating income
23.0
16.6
39
Adjusted EBITDA
32.8
26.3
25
cubic global defense .
sales : cgd sales decreased 2 % to $ 317 .
9 million in 2019 compared to $ 325 .
2 million in 2018 .
the timing of sales recognition was impacted by the adoption of asc 606 .
under asc 606 a number of our cgd contracts most significantly in air combat training and ground live training for which revenue was historically recorded upon delivery of products to the customer are now accounted for on the percentage-of-completion cost-to-cost method of revenue recognition .
for fiscal 2019 sales were lower from air combat training systems simulation product development contracts and international services contracts partially offset by higher sales from ground combat training systems .
the average exchange rates between the prevailing currencies in our foreign operations and the u .
s .
dollar resulted in a decrease in cgd sales of $ 3 .
2 million for 2019 compared to 2018 .
amortization of purchased intangibles : amortization of purchased intangibles included in the cgd results amounted to $ 0 .
6 million in 2019 and $ 1 .
1 million in 2018 .
operating income : cgd operating income increased by 39 % to $ 23 .
0 million in 2019 compared to $ 16 .
6 million in 2018 .
for fiscal 2019 operating profits improved primarily due to the results of cost reduction efforts including headcount reductions designed to optimize our cost position and reduced r & d expenditures .
operating profits were higher from increased sales of ground combat training system sales but were lower on decreased sales from air combat training systems simulation product development contracts and international services contracts .
the average exchange rates between the prevailing currency in our foreign operations and the u .
s .
dollar had no significant impact on cgd operating income between 2018 and 2019 .
adjusted ebitda : cgd adjusted ebitda was $ 32 .
8 million in 2019 compared to $ 26 .
3 million in 2018 .
the increase in adjusted ebitda was primarily driven by the same factors that drove the increase in operating income described above .
adjusted ebitda for cgd increased by $ 3 .
1 million in 2019 as a result of the adoption of the new revenue recognition standard .

Question: What resulted in the improvement in operating profits?
Answer: primarily due to the results of cost reduction efforts, including headcount reductions designed to optimize our cost position, and reduced R&D expenditures increased sales of ground combat training system sales