36 | bhge 2017 form 10-k liquidity and capital resources our objective in financing our business is to maintain sufficient liquidity , adequate financial resources and financial flexibility in order to fund the requirements of our business .at december 31 , 2017 , we had cash and equivalents of $ 7.0 billion compared to $ 981 million of cash and equivalents at december 31 , 2016 .cash and equivalents includes $ 997 million of cash held on behalf of ge at december 31 , 2017 .at december 31 , 2017 , approximately $ 3.2 billion of our cash and equivalents was held by foreign subsidiaries compared to approximately $ 878 million at december 31 , 2016 .a substantial portion of the cash held by foreign subsidiaries at december 31 , 2017 has been reinvested in active non-u.s .business operations .at december 31 , 2017 , our intent is , among other things , to use this cash to fund the operations of our foreign subsidiaries , and we have not changed our indefinite reinvestment decision as a result of u.s .tax reform but will reassess this during the course of 2018 .if we decide at a later date to repatriate those funds to the u.s. , we may be required to provide taxes on certain of those funds , however , due to the enactment of u.s .tax reform , repatriations of foreign earnings will generally be free of u.s .federal tax but may incur other taxes such as withholding or state taxes .on july 3 , 2017 , in connection with the transactions , bhge llc entered into a new five-year $ 3 billion committed unsecured revolving credit facility ( 2017 credit agreement ) with commercial banks maturing in july 2022 .as of december 31 , 2017 , there were no borrowings under the 2017 credit agreement .on november 3 , 2017 , bhge llc entered into a commercial paper program under which it may issue from time to time up to $ 3 billion in commercial paper with maturities of no more than 397 days .at december 31 , 2017 , there were no borrowings outstanding under the commercial paper program .the maximum combined borrowing at any time under both the 2017 credit agreement and the commercial paper program is $ 3 billion .on november 6 , 2017 , we announced that our board of directors authorized bhge llc to repurchase up to $ 3 billion of its common units from the company and ge .the proceeds of such repurchase that are distributed to the company will be used to repurchase class a shares of the company on the open market or in privately negotiated transactions .on december 15 , 2017 , we filed a shelf registration statement on form s-3 with the sec to give us the ability to sell up to $ 3 billion in debt securities in amounts to be determined at the time of an offering .any such offering , if it does occur , may happen in one or more transactions .the specific terms of any securities to be sold will be described in supplemental filings with the sec .the registration statement will expire in 2020 .during the year ended december 31 , 2017 , we used cash to fund a variety of activities including certain working capital needs and restructuring costs , capital expenditures , business acquisitions , the payment of dividends and share repurchases .we believe that cash on hand , cash flows generated from operations and the available credit facility will provide sufficient liquidity to manage our global cash needs .cash flows cash flows provided by ( used in ) each type of activity were as follows for the years ended december 31: .
[['( in millions )', '2017', '2016', '2015'], ['operating activities', '$ -799 ( 799 )', '$ 262', '$ 1277'], ['investing activities', '-4130 ( 4130 )', '-472 ( 472 )', '-466 ( 466 )'], ['financing activities', '10919', '-102 ( 102 )', '-515 ( 515 )']]
operating activities our largest source of operating cash is payments from customers , of which the largest component is collecting cash related to product or services sales including advance payments or progress collections for work to be performed .the primary use of operating cash is to pay our suppliers , employees , tax authorities and others for a wide range of material and services. .

Question: what is the net change in cash during 2016?
Answer: -312