MehdiHosseiniMoghadam/ConvFinQA huggingface dataset:
table of contents valero energy corporation notes to consolidated financial statements ( continued ) 11 .
equity share activity activity in the number of shares of common stock and treasury stock was as follows ( in millions ) : common treasury .

commonstock
treasurystock
balance as of december 31 2015
673
-200 ( 200 )
transactions in connection withstock-based compensation plans
2014
1
stock purchases under purchase program
2014
-23 ( 23 )
balance as of december 31 2016
673
-222 ( 222 )
transactions in connection withstock-based compensation plans
2014
1
stock purchases under purchase programs
2014
-19 ( 19 )
balance as of december 31 2017
673
-240 ( 240 )
stock purchases under purchase programs
2014
-16 ( 16 )
balance as of december 31 2018
673
-256 ( 256 )

preferred stock we have 20 million shares of preferred stock authorized with a par value of $ 0.01 per share .
no shares of preferred stock were outstanding as of december 31 , 2018 or 2017 .
treasury stock we purchase shares of our common stock as authorized under our common stock purchase program ( described below ) and to meet our obligations under employee stock-based compensation plans .
on july 13 , 2015 , our board of directors authorized us to purchase $ 2.5 billion of our outstanding common stock with no expiration date , and we completed that program during 2017 .
on september 21 , 2016 , our board of directors authorized our purchase of up to an additional $ 2.5 billion with no expiration date , and we completed that program during 2018 .
on january 23 , 2018 , our board of directors authorized our purchase of up to an additional $ 2.5 billion ( the 2018 program ) with no expiration date .
during the years ended december 31 , 2018 , 2017 , and 2016 , we purchased $ 1.5 billion , $ 1.3 billion , and $ 1.3 billion , respectively , of our common stock under our programs .
as of december 31 , 2018 , we have approval under the 2018 program to purchase approximately $ 2.2 billion of our common stock .
common stock dividends on january 24 , 2019 , our board of directors declared a quarterly cash dividend of $ 0.90 per common share payable on march 5 , 2019 to holders of record at the close of business on february 13 , 2019 .
valero energy partners lp units on september 16 , 2016 , vlp entered into an equity distribution agreement pursuant to which vlp offered and sold from time to time their common units having an aggregate offering price of up to $ 350 million based on amounts , at prices , and on terms determined by market conditions and other factors at the time of .

Question: how much , in billions , was spent purchasing common stock under the programs from 2016-2018?
Answer: 4.1
all highly liquid securities with a maturity of three months or less at the date of purchase are considered to be cash equivalents .
securities with maturities greater than three months are classified as available-for-sale and are considered to be short-term investments .
the carrying value of our interest-bearing instruments approximated fair value as of december 29 , 2012 .
interest rates under our revolving credit facility are variable , so interest expense for periods when the credit facility is utilized could be adversely affected by changes in interest rates .
interest rates under our revolving credit facility can fluctuate based on changes in market interest rates and in an interest rate margin that varies based on our consolidated leverage ratio .
as of december 29 , 2012 , we had no outstanding balance on the credit facility .
see note 3 in the notes to consolidated financial statements for an additional description of our credit facility .
equity price risk convertible notes our 2015 notes and 2013 notes include conversion and settlement provisions that are based on the price of our common stock at conversion or at maturity of the notes .
in addition , the hedges and warrants associated with these convertible notes also include settlement provisions that are based on the price of our common stock .
the amount of cash we may be required to pay , or the number of shares we may be required to provide to note holders at conversion or maturity of these notes , is determined by the price of our common stock .
the amount of cash or number of shares that we may receive from hedge counterparties in connection with the related hedges and the number of shares that we may be required to provide warrant counterparties in connection with the related warrants are also determined by the price of our common stock .
upon the expiration of our 2015 warrants , cadence will issue shares of common stock to the purchasers of the warrants to the extent our stock price exceeds the warrant strike price of $ 10.78 at that time .
the following table shows the number of shares that cadence would issue to 2015 warrant counterparties at expiration of the warrants , assuming various cadence closing stock prices on the dates of warrant expiration : shares ( in millions ) .

shares ( in millions )
$ 11.00
0.9
$ 12.00
4.7
$ 13.00
7.9
$ 14.00
10.7
$ 15.00
13.0
$ 16.00
15.1
$ 17.00
17.0
$ 18.00
18.6
$ 19.00
20.1
$ 20.00
21.4

prior to the expiration of the 2015 warrants , for purposes of calculating diluted earnings per share , our diluted weighted-average shares outstanding will increase when our average closing stock price for a quarter exceeds $ 10.78 .
for an additional description of our 2015 notes and 2013 notes , see note 3 in the notes to consolidated financial statements and 201cliquidity and capital resources 2014 other factors affecting liquidity and capital resources , 201d under item 7 , 201cmanagement 2019s discussion and analysis of financial condition and results of operations . 201d .

Question: what is the percentage difference in the number of shares to be issued if the stock price closes at $ 11 compared to if it closes at $ 20?
Answer: 278%
sales of unregistered securities not applicable .
repurchase of equity securities the following table provides information regarding our purchases of our equity securities during the period from october 1 , 2016 to december 31 , 2016 .
total number of shares ( or units ) purchased 1 average price paid per share ( or unit ) 2 total number of shares ( or units ) purchased as part of publicly announced plans or programs 3 maximum number ( or approximate dollar value ) of shares ( or units ) that may yet be purchased under the plans or programs 3 .

total number ofshares ( or units ) purchased1
average price paidper share ( or unit ) 2
total number ofshares ( or units ) purchased as part ofpublicly announcedplans or programs3
maximum number ( orapproximate dollar value ) of shares ( or units ) that may yet be purchasedunder the plans orprograms3
october 1 - 31
2099169
$ 22.28
2099169
$ 218620420
november 1 - 30
1454402
$ 22.79
1453049
$ 185500851
december 1 - 31
1269449
$ 23.93
1258700
$ 155371301
total
4823020
$ 22.87
4810918

1 included shares of our common stock , par value $ 0.10 per share , withheld under the terms of grants under employee stock-based compensation plans to offset tax withholding obligations that occurred upon vesting and release of restricted shares ( the 201cwithheld shares 201d ) .
we repurchased no withheld shares in october 2016 , 1353 withheld shares in november 2016 and 10749 withheld shares in december 2016 , for a total of 12102 withheld shares during the three-month period .
2 the average price per share for each of the months in the fiscal quarter and for the three-month period was calculated by dividing the sum of the applicable period of the aggregate value of the tax withholding obligations and the aggregate amount we paid for shares acquired under our share repurchase program , described in note 5 to the consolidated financial statements , by the sum of the number of withheld shares and the number of shares acquired in our share repurchase program .
3 in february 2016 , the board authorized a share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock ( the 201c2016 share repurchase program 201d ) .
on february 10 , 2017 , we announced that our board had approved a new share repurchase program to repurchase from time to time up to $ 300.0 million , excluding fees , of our common stock .
the new authorization is in addition to any amounts remaining for repurchase under the 2016 share repurchase program .
there is no expiration date associated with the share repurchase programs. .

Question: how is the treasury stock affected after the stock repurchases in the last three months of 2016 , ( in millions ) ?
Answer: 110.3
intermodal 2013 decreased volumes and fuel surcharges reduced freight revenue from intermodal shipments in 2009 versus 2008 .
volume from international traffic decreased 24% ( 24 % ) in 2009 compared to 2008 , reflecting economic conditions , continued weak imports from asia , and diversions to non-uprr served ports .
additionally , continued weakness in the domestic housing and automotive sectors translated into weak demand in large sectors of the international intermodal market , which also contributed to the volume decline .
conversely , domestic traffic increased 8% ( 8 % ) in 2009 compared to 2008 .
a new contract with hub group , inc. , which included additional shipments , was executed in the second quarter of 2009 and more than offset the impact of weak market conditions in the second half of 2009 .
price increases and fuel surcharges generated higher revenue in 2008 , partially offset by lower volume levels .
international traffic declined 11% ( 11 % ) in 2008 , reflecting continued softening of imports from china and the loss of a customer contract .
notably , the peak intermodal shipping season , which usually starts in the third quarter , was particularly weak in 2008 .
additionally , continued weakness in domestic housing and automotive sectors translated into weak demand in large sectors of the international intermodal market , which also contributed to lower volumes .
domestic traffic declined 3% ( 3 % ) in 2008 due to the loss of a customer contract and lower volumes from less-than-truckload shippers .
additionally , the flood-related embargo on traffic in the midwest during the second quarter hindered intermodal volume levels in 2008 .
mexico business 2013 each of our commodity groups include revenue from shipments to and from mexico .
revenue from mexico business decreased 26% ( 26 % ) in 2009 versus 2008 to $ 1.2 billion .
volume declined in five of our six commodity groups , down 19% ( 19 % ) in 2009 , driven by 32% ( 32 % ) and 24% ( 24 % ) reductions in industrial products and automotive shipments , respectively .
conversely , energy shipments increased 9% ( 9 % ) in 2009 versus 2008 , partially offsetting these declines .
revenue from mexico business increased 13% ( 13 % ) to $ 1.6 billion in 2008 compared to 2007 .
price improvements and fuel surcharges contributed to these increases , partially offset by a 4% ( 4 % ) decline in volume in 2008 compared to 2007 .
operating expenses millions of dollars 2009 2008 2007 % (  % ) change 2009 v 2008 % (  % ) change 2008 v 2007 .

millions of dollars
2009
2008
2007
% (  % ) change 2009 v 2008
% (  % ) change 2008 v 2007
compensation and benefits
$ 4063
$ 4457
$ 4526
( 9 ) % (  % )
( 2 ) % (  % )
fuel
1763
3983
3104
-56 ( 56 )
28
purchased services and materials
1614
1902
1856
-15 ( 15 )
2
depreciation
1444
1387
1321
4
5
equipment and other rents
1180
1326
1368
-11 ( 11 )
-3 ( 3 )
other
687
840
733
-18 ( 18 )
15
total
$ 10751
$ 13895
$ 12908
( 23 ) % (  % )
8% ( 8 % )

2009 intermodal revenue international domestic .

Question: what was the average yearly decline in international traffic in 2008 and in 2009?
Answer: 17.5%
3 .
discontinued operations during the second quarter of 2012 , the board of directors authorized the sale of our homecare business , which had previously been reported as part of the merchant gases operating segment .
this business has been accounted for as a discontinued operation .
in the third quarter of 2012 , we sold the majority of our homecare business to the linde group for sale proceeds of 20ac590 million ( $ 777 ) and recognized a gain of $ 207.4 ( $ 150.3 after-tax , or $ .70 per share ) .
the sale proceeds included 20ac110 million ( $ 144 ) that was contingent on the outcome of certain retender arrangements .
these proceeds were reflected in payables and accrued liabilities on our consolidated balance sheet as of 30 september 2013 .
based on the outcome of the retenders , we were contractually required to return proceeds to the linde group .
in the fourth quarter of 2014 , we made a payment to settle this liability and recognized a gain of $ 1.5 .
during the third quarter of 2012 , an impairment charge of $ 33.5 ( $ 29.5 after-tax , or $ .14 per share ) was recorded to write down the remaining business , which was primarily in the united kingdom and ireland , to its estimated net realizable value .
in the fourth quarter of 2013 , an additional charge of $ 18.7 ( $ 13.6 after-tax , or $ .06 per share ) was recorded to update our estimate of the net realizable value .
in the first quarter of 2014 , we sold the remaining portion of the homecare business for a36.1 million ( $ 9.8 ) and recorded a gain on sale of $ 2.4 .
we entered into an operations guarantee related to the obligations under certain homecare contracts assigned in connection with the transaction .
refer to note 16 , commitments and contingencies , for additional information .
the results of discontinued operations are summarized below: .

2014
2013
2012
sales
$ 8.5
$ 52.3
$ 258.0
income before taxes
$ .7
$ 3.8
$ 68.1
income tax provision
2014
.2
20.8
income from operations of discontinued operations
.7
3.6
47.3
gain ( loss ) on sale of business and impairment/write-down net of tax
3.9
-13.6 ( 13.6 )
120.8
income ( loss ) from discontinued operations net of tax
$ 4.6
$ -10.0 ( 10.0 )
$ 168.1

the assets and liabilities classified as discontinued operations for the homecare business at 30 september 2013 consisted of $ 2.5 in trade receivables , net , and $ 2.4 in payables and accrued liabilities .
as of 30 september 2014 , no assets or liabilities were classified as discontinued operations. .

Question: what was the decrease observed in the sales during 2013 and 2014?
Answer: 83.74%
other expense , net increased $ 0.8 million to $ 7.2 million in 2015 from $ 6.4 million in 2014 .
this increase was due to higher net losses on the combined foreign currency exchange rate changes on transactions denominated in foreign currencies and our foreign currency derivative financial instruments in 2015 .
provision for income taxes increased $ 19.9 million to $ 154.1 million in 2015 from $ 134.2 million in 2014 .
our effective tax rate was 39.9% ( 39.9 % ) in 2015 compared to 39.2% ( 39.2 % ) in 2014 .
our effective tax rate for 2015 was higher than the effective tax rate for 2014 primarily due to increased non-deductible costs incurred in connection with our connected fitness acquisitions in 2015 .
year ended december 31 , 2014 compared to year ended december 31 , 2013 net revenues increased $ 752.3 million , or 32.3% ( 32.3 % ) , to $ 3084.4 million in 2014 from $ 2332.1 million in 2013 .
net revenues by product category are summarized below: .

( in thousands )
year ended december 31 , 2014
year ended december 31 , 2013
year ended december 31 , $ change
year ended december 31 , % (  % ) change
apparel
$ 2291520
$ 1762150
$ 529370
30.0% ( 30.0 % )
footwear
430987
298825
132162
44.2
accessories
275409
216098
59311
27.4
total net sales
2997916
2277073
720843
31.7
license revenues
67229
53910
13319
24.7
connected fitness
19225
1068
18157
1700.1
total net revenues
$ 3084370
$ 2332051
$ 752319
32.3% ( 32.3 % )

the increase in net sales were driven primarily by : 2022 apparel unit sales growth and new offerings in multiple lines led by training , hunt and golf ; and 2022 footwear unit sales growth , led by running and basketball .
license revenues increased $ 13.3 million , or 24.7% ( 24.7 % ) , to $ 67.2 million in 2014 from $ 53.9 million in 2013 .
this increase in license revenues was primarily a result of increased distribution and continued unit volume growth by our licensees .
connected fitness revenue increased $ 18.1 million to $ 19.2 million in 2014 from $ 1.1 million in 2013 primarily due to a full year of revenue from our connected fitness business in 2014 compared to one month in gross profit increased $ 375.5 million to $ 1512.2 million in 2014 from $ 1136.7 million in 2013 .
gross profit as a percentage of net revenues , or gross margin , increased 30 basis points to 49.0% ( 49.0 % ) in 2014 compared to 48.7% ( 48.7 % ) in 2013 .
the increase in gross margin percentage was primarily driven by the following : 2022 approximate 20 basis point increase driven primarily by decreased sales mix of excess inventory through our factory house outlet stores ; and 2022 approximate 20 basis point increase as a result of higher duty costs recorded during the prior year on certain products imported in previous years .
the above increases were partially offset by : 2022 approximate 10 basis point decrease by unfavorable foreign currency exchange rate fluctuations. .

Question: what was the percent of growth of the sales revenues of apparel from 2013 to 2014
Answer: 30%
the graph below shows a five-year comparison of the cumulative shareholder return on the company's common stock with the cumulative total return of the s&p smallcap 600 index and the s&p 600 electrical equipment index , all of which are published indices .
comparison of five-year cumulative total return from december 31 , 2002 to december 31 , 2007 assumes $ 100 invested with reinvestment of dividends period indexed returns .

company/index
baseperiod 12/31/02
baseperiod 12/31/03
baseperiod 12/31/04
baseperiod 12/31/05
baseperiod 12/31/06
12/31/07
a o smith corp
100.00
132.23
115.36
138.20
150.26
142.72
s&p smallcap 600 index
100.00
138.79
170.22
183.30
211.01
210.39
s&p 600 electrical equipment
100.00
126.12
152.18
169.07
228.83
253.33

12/31/02 12/31/03 12/31/04 12/31/05 12/31/06 12/31/07 smith ( a o ) corp s&p smallcap 600 index s&p 600 electrical equipment .

Question: what was the difference in cumulative total return for the five year period ending 12/31/07 between a o smith corp and the s&p 600 electrical equipment?
Answer: -110.61%
2022 the ability to identify suitable acquisition candidates and the ability to finance such acquisitions , which depends upon the availability of adequate cash reserves from operations or of acceptable financing terms and the variability of our stock price ; 2022 our ability to integrate any acquired business 2019 operations , services , clients , and personnel ; 2022 the effect of our substantial leverage , which may limit the funds available to make acquisitions and invest in our business ; 2022 changes in , or the failure to comply with , government regulations , including privacy regulations ; and 2022 other risks detailed elsewhere in this risk factors section and in our other filings with the securities and exchange commission .
we are not under any obligation ( and expressly disclaim any such obligation ) to update or alter our forward- looking statements , whether as a result of new information , future events or otherwise .
you should carefully consider the possibility that actual results may differ materially from our forward-looking statements .
item 1b .
unresolved staff comments .
item 2 .
properties .
our corporate headquarters are located in jacksonville , florida , in an owned facility .
fnf occupies and pays us rent for approximately 86000 square feet in this facility .
we lease office space as follows : number of locations ( 1 ) .

state
number of locations ( 1 )
california
44
texas
21
florida
18
georgia new york
10
new jersey
8
illinois massachusetts
7
alabama arizona minnesota north carolina
6
other
64

( 1 ) represents the number of locations in each state listed .
we also lease approximately 72 locations outside the united states .
we believe our properties are adequate for our business as presently conducted .
item 3 .
legal proceedings .
in the ordinary course of business , the company is involved in various pending and threatened litigation matters related to operations , some of which include claims for punitive or exemplary damages .
the company believes that no actions , other than the matters listed below , depart from customary litigation incidental to its business .
as background to the disclosure below , please note the following : 2022 these matters raise difficult and complicated factual and legal issues and are subject to many uncertainties and complexities .
2022 the company reviews these matters on an on-going basis and follows the provisions of statement of financial accounting standards no .
5 , accounting for contingencies ( 201csfas 5 201d ) , when making accrual and disclosure decisions .
when assessing reasonably possible and probable outcomes , the company bases decisions on the assessment of the ultimate outcome following all appeals. .

Question: what percentage of total leased locations are located in united states?
Answer: 47.1%
part ii item 5 .
market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities our class a common stock trades on the new york stock exchange under the symbol 201cma 201d .
at february 8 , 2019 , we had 73 stockholders of record for our class a common stock .
we believe that the number of beneficial owners is substantially greater than the number of record holders because a large portion of our class a common stock is held in 201cstreet name 201d by brokers .
there is currently no established public trading market for our class b common stock .
there were approximately 287 holders of record of our non-voting class b common stock as of february 8 , 2019 , constituting approximately 1.1% ( 1.1 % ) of our total outstanding equity .
stock performance graph the graph and table below compare the cumulative total stockholder return of mastercard 2019s class a common stock , the s&p 500 financials and the s&p 500 index for the five-year period ended december 31 , 2018 .
the graph assumes a $ 100 investment in our class a common stock and both of the indices and the reinvestment of dividends .
mastercard 2019s class b common stock is not publicly traded or listed on any exchange or dealer quotation system .
total returns to stockholders for each of the years presented were as follows : indexed returns base period for the years ended december 31 .

company/index
base period 2013
base period 2014
base period 2015
base period 2016
base period 2017
2018
mastercard
$ 100.00
$ 103.73
$ 118.05
$ 126.20
$ 186.37
$ 233.56
s&p 500 financials
100.00
115.20
113.44
139.31
170.21
148.03
s&p 500 index
100.00
113.69
115.26
129.05
157.22
150.33

.

Question: what was the percent of the growth of the mastercard from 2013 to 2014
Answer: 3.73%
allowance for doubtful accounts is as follows: .

2010
2009
2008
balance at beginning of year
$ 160
$ 133
$ 86
provision
38
54
65
amounts written off
-13 ( 13 )
-27 ( 27 )
-18 ( 18 )
balance at end of year
$ 185
$ 160
$ 133

discontinued operations during the fourth quarter of 2009 , schlumberger recorded a net $ 22 million charge related to the resolution of a customs assessment pertaining to its former offshore contract drilling business , as well as the resolution of certain contingencies associated with other previously disposed of businesses .
this amount is included in income ( loss ) from discontinued operations in the consolidated statement of income .
during the first quarter of 2008 , schlumberger recorded a gain of $ 38 million related to the resolution of a contingency associated with a previously disposed of business .
this gain is included in income ( loss ) from discon- tinued operations in the consolidated statement of income .
part ii , item 8 .

Question: what was the percentage increase in the allowance in doubtful accounts from 2009 to 2010