for securities that are quoted in active markets , the trustee/ custodian determines fair value by applying securities 2019 prices obtained from its pricing vendors .for commingled funds that are not actively traded , the trustee applies pricing information provided by investment management firms to the unit quanti- ties of such funds .investment management firms employ their own pricing vendors to value the securities underlying each commingled fund .underlying securities that are not actively traded derive their prices from investment managers , which in turn , employ vendors that use pricing models ( e.g. , discounted cash flow , comparables ) .the domestic defined benefit plans have no investment in our stock , except through the s&p 500 commingled trust index fund .the trustee obtains estimated prices from vendors for secu- rities that are not easily quotable and they are categorized accordingly as level 3 .the following table details further information on our plan assets where we have used significant unobservable inputs ( level 3 ) : .
[['( in millions )', 'level 3'], ['balance as of december 31 2016', '$ 11'], ['purchases', '28'], ['distributions', '-1 ( 1 )'], ['gain ( loss )', '1'], ['balance as of december 31 2017', '$ 39']]
pension trusts 2019 asset allocations there are two pension trusts , one in the u.s .and one in the u.k .the u.s .pension trust had assets of $ 1739 a0 million and $ 1632 a0million as of december a031 , 2017 and 2016 respectively , and the target allocations in 2017 include 68% ( 68 % ) fixed income , 27% ( 27 % ) domestic equities and 5% ( 5 % ) international equities .the u.k .pension trust had assets of $ 480 a0 million and $ 441 a0 million as of december a0 31 , 2017 and 2016 , respec- tively , and the target allocations in 2017 include 40% ( 40 % ) fixed income , 30% ( 30 % ) diversified growth funds , 20% ( 20 % ) equities and 10% ( 10 % ) real estate .the pension assets are invested with the goal of producing a combination of capital growth , income and a liability hedge .the mix of assets is established after consideration of the long- term performance and risk characteristics of asset classes .investments are selected based on their potential to enhance returns , preserve capital and reduce overall volatility .holdings are diversified within each asset class .the portfolios employ a mix of index and actively managed equity strategies by market capitalization , style , geographic regions and economic sec- tors .the fixed income strategies include u.s .long duration securities , opportunistic fixed income securities and u.k .debt instruments .the short-term portfolio , whose primary goal is capital preservation for liquidity purposes , is composed of gov- ernment and government- agency securities , uninvested cash , receivables and payables .the portfolios do not employ any financial leverage .u.s .defined contribution plans assets of the defined contribution plans in the u.s .consist pri- marily of investment options which include actively managed equity , indexed equity , actively managed equity/bond funds , target date funds , s&p global inc .common stock , stable value and money market strategies .there is also a self- directed mutual fund investment option .the plans purchased 228248 shares and sold 297750 shares of s&p global inc .common stock in 2017 and purchased 216035 shares and sold 437283 shares of s&p global inc .common stock in 2016 .the plans held approximately 1.5 a0million shares of s&p global inc .com- mon stock as of december a031 , 2017 and 1.6 a0million shares as of december a031 , 2016 , with market values of $ 255 a0million and $ 171 a0million , respectively .the plans received dividends on s&p global inc .common stock of $ 3 a0million and $ 2 a0million during the years ended december a031 , 2017 and december a031 , 2016 respectively .8 .stock-based compensation we issue stock-based incentive awards to our eligible employ- ees and directors under the 2002 employee stock incentive plan and a director deferred stock ownership plan .2002 employee stock incentive plan ( the 201c2002 plan 201d ) 2014 the 2002 plan permits the granting of nonquali- fied stock options , stock appreciation rights , performance stock , restricted stock and other stock-based awards .director deferred stock ownership plan 2014 under this plan , common stock reserved may be credited to deferred stock accounts for eligible directors .in general , the plan requires that 50% ( 50 % ) of eligible directors 2019 annual com- pensation plus dividend equivalents be credited to deferred stock accounts .each director may also elect to defer all or a portion of the remaining compensation and have an equiva- lent number of shares credited to the deferred stock account .recipients under this plan are not required to provide con- sideration to us other than rendering service .shares will be delivered as of the date a recipient ceases to be a member of the board of directors or within five years thereafter , if so elected .the plan will remain in effect until terminated by the board of directors or until no shares of stock remain avail- able under the plan .s&p global 2017 annual report 71 .

Question: what was the ratio of the pension trust assets for 2017 to 2016 $ 1739 million and $ 1632
Answer: 1.1
Explanation: for every dollar of pension trust assets in 2016 there was $ 1.1 in 2017