hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
At the balance sheet date, the combined principal accounting assumptions were as follows:
For the smaller overseas schemes the discount rate used was 1.50% (2017/18: 1.80%) and future pension increases were 1.30% (2017/18: 1.45%).
At 30 March 2019 and 31 March 2018, the discount rate was derived based on a bond yield curve expanded to also include bonds rated AA by one credit agency (and which might for example be rated A or AAA by other agencies).
Table:
 | At 30 Mar 2019 |  | At 31 Mar 2018 | 
 | Premier schemes | RHM schemes | Premier schemes | RHM schemes
Discount rate | 2.45% | 2.45% | 2.70% | 2.70%
Inflation – RPI | 3.25% | 3.25% | 3.15% | 3.15%
Inflation – CPI | 2.15% | 2.15% | 2.05% | 2.05%
Expected salary increases | n/a | n/a | n/a | n/a
Future pension increases | 2.10% | 2.10% | 2.10% | 2.10%


Question: What was the discount rate at 30 March 2019 based on?
Answer: a bond yield curve expanded to also include bonds rated AA by one credit agency (and which might for example be rated A or AAA by other agencies).
28 , 35 , or 90 days . the funds associated with failed auctions will not be accessible until a successful auction occurs or a buyer is found outside of the auction process . based on broker- dealer valuation models and an analysis of other-than-temporary impairment factors , auction rate securities with an original par value of approximately $ 34 million were written-down to an estimated fair value of $ 16 million as of december 31 , 2007 . this write-down resulted in an 201cother-than-temporary 201d impairment charge of approximately $ 8 million ( pre-tax ) included in net income and a temporary impairment charge of $ 10 million ( pre-tax ) reflected as an unrealized loss within other comprehensive income for 2007 . as of december 31 , 2007 , these investments in auction rate securities have been in a loss position for less than six months . these auction rate securities are classified as non-current marketable securities as of december 31 , 2007 as indicated in the preceding table . 3m reviews impairments associated with the above in accordance with emerging issues task force ( eitf ) 03-1 and fsp sfas 115-1 and 124-1 , 201cthe meaning of other-than-temporary-impairment and its application to certain investments , 201d to determine the classification of the impairment as 201ctemporary 201d or 201cother-than-temporary . 201d a temporary impairment charge results in an unrealized loss being recorded in the other comprehensive income component of stockholders 2019 equity . such an unrealized loss does not reduce net income for the applicable accounting period because the loss is not viewed as other-than-temporary . the company believes that a portion of the impairment of its auction rate securities investments is temporary and a portion is other-than-temporary . the factors evaluated to differentiate between temporary and other-than-temporary include the projected future cash flows , credit ratings actions , and assessment of the credit quality of the underlying collateral . the balance at december 31 , 2007 for marketable securities and short-term investments by contractual maturity are shown below . actual maturities may differ from contractual maturities because the issuers of the securities may have the right to prepay obligations without prepayment penalties . dec . 31 , ( millions ) 2007 .

Table:
( millions ) | dec . 31 2007
due in one year or less | $ 231
due after one year through three years | 545
due after three years through five years | 221
due after five years | 62
total marketable securities | $ 1059
predetermined intervals , usually every 7 .

Question: what was the rate of the adjustment of the auction rate securities with an original par value of approximately $ 34 million were written-down to an estimated fair value of $ 16 million as of december 31 , 2007.\\n
Answer: 52.9%
Calculation: subtract(34, 16), divide(#0, 34)
Uncertain Tax Positions
In accordance with authoritative guidance, the impact of an uncertain income tax position on the income tax return must be recognized at the largest amount that is more-likely-than-not to be sustained upon audit by the relevant taxing authority. An uncertain income tax position will not be recognized if it has less than a 50% likelihood of being sustained.
The following table reconciles the beginning and ending amount of unrecognized tax benefits for the fiscal years ended September 30, 2019, 2018,and 2017 (amounts shown in thousands):
Of the total unrecognized tax benefits at September 30, 2019, $1.6 million will impact the Company’s effective tax rate. The Company does not anticipate that there will be a substantial change in unrecognized tax benefits within the next twelve months.
The Company's practice is to recognize interest and/or penalties related to income tax matters in income tax expense. As of September 30, 2019, no accrued interest or penalties related to uncertain tax positions are recorded in the consolidated financial statements.
The Company is subject to income taxation in the U.S. at the federal and state levels. All tax years are subject to examination by U.S., California, and other state tax authorities due to the carryforward of unutilized net operating losses and tax credits. The Company is also subject to foreign income taxes in the countries in which it operates. The Company’s U.S. federal tax return for the year ended September 30, 2017 is currently under examination. To our knowledge, the Company is not currently under examination by any other taxing authorities.
Table:
 | 2019 | 2018 | 2017
Gross unrecognized tax benefits at the beginning of the year | $1,321 | $1,181 | $—
Additions from tax positions taken in the current year | 213 | 140 | 140
Additions from tax positions taken in prior years | 73 | — | 1,041
Reductions from tax positions taken in prior years | — | — | —
Tax settlements | — | — | —
Gross unrecognized tax benefits at end of the year | $1,607 | $1,321 | $1,181


Question: What is the proportion of addition from tax positions taken in the current year and prior years over gross unrecognized tax benefit at the end of the year 2019?
Answer: 0.18
Calculation: (213+73)/1,607
Employee Stock Purchase Plan
The maximum aggregate number of shares that are available for issuance under the 2011 Employee Stock Purchase Plan (the “ESPP”) is 12,000,000.
Employees are eligible to participate in the ESPP after 90 days of employment with the Company. The ESPP permits eligible employees to purchase common stock through payroll deductions, which may not exceed 10% of an employee’s compensation, as defined in the ESPP, at a price equal to 85% of the fair value of the common stock at the beginning or end of the offering period, whichever is lower. The ESPP is intended to qualify under Section 423 of the Internal Revenue Code. As of August 31, 2019, 3,397,019 shares remained available for issue under the 2011 ESPP.
The fair value of shares issued under the ESPP was estimated on the commencement date of each offering period using the Black-Scholes option pricing model. The following weighted-average assumptions were used in the model for each respective period:
(1) The expected volatility was estimated using the historical volatility derived from the Company’s common stock.
Table:
 | Fiscal Year Ended August 31, |  | 
 | 2019 | 2018 | 2017
Expected dividend yield | 0.6% | 0.6% | 0.8%
Risk-free interest rate | 2.3% | 1.4% | 0.5%
Expected volatility(1) | 28.6% | 23.0% | 33.0%
Expected life | 0.5 years | 0.5 years | 0.5 years


Question: What was the percentage change in Expected dividend yield between 2017 and 2018?
Answer: -0.2
Calculation: 0.6-0.8
Sales and Marketing
Sales and marketing expenses increased $3.1 million, or 1%, in 2019 as compared to 2018. As a percentage of revenue, sales and marketing expense decreased by approximately two percentage points, resulting from the 2018 Reallocation, increased cost efficiency, and leverage realized from changes to our sales commission plans as we continued our efforts to strategically scale our sales teams and improve their productivity.
Sales and marketing expenses decreased $15.6 million, or 7%, in 2018 as compared to 2017. As a percentage of revenue, sales and marketing expense decreased by approximately eight percentage points, primarily resulting from a combination of increased cost efficiency, reduction in headcount as part of our restructuring activities, and leverage realized from changes to our sales commission plans as we continued our efforts to strategically scale our sales teams and improve their productivity.
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
 |  | (dollars in thousands) | 
Sales and marketing | $227,733 | $224,635 | $240,271
Percent of revenue | 39.5% | 41.8% | 49.9%


Question: What was the average sales and marketing expense from 2017-2019?
Answer: 230879.67
Calculation: ($227,733+$224,635+$240,271)/(2019-2017+1)
Supported by a recovery in commodity-related markets, orders and revenue showed broad-based growth year-over-year with strongest increases in the mechanical drives business. Overall, Portfolio Companies businesses made good progress in achieving their targets. Adjusted EBITA improved in all fully consolidated units and turned positive in total, mainly driven by the large drives applications business.
The result from equity investments in total also improved slightly, though it was negative in both periods under review. Severance charges decreased to € 14 million, from € 86 million in fiscal 2018. Portfolio Companies’ order backlog was € 5 billion at the end of the fiscal year, of which € 3 billion are expected to be converted into revenue in fiscal 2020. Regarding Portfolio Companies’ at-equity investments, volatile results are expected in coming quarters.
Markets for Portfolio Companies are generally impacted by rising uncertainties regarding geopolitical and economic developments, which weaken investment sentiment. Although the broad range of businesses are operating in diverse markets, overall, moderate growth is expected in the coming years for the main markets served by the Portfolio Companies.
Beginning with fiscal 2020, the equity investments Ethos Energy Group Limited and Voith Hydro Holding GmbH & Co. KG, the subsea business, and the majority of the process solutions business will be transferred to the Operating Company Gas and Power. If this organizational structure had already existed in fiscal 2019, Portfolio Companies would have posted orders of € 4.746 billion, revenue of € 4.558 billion and Adjusted EBITA of €(115) million.
Mitsubishi-Hitachi Metals Machinery (MHMM) and Siemens AG reached an agreement in September 2019, that MHMM will acquire Siemens’ stake in Primetals Technologies. Closing of the transaction is subject to customary conditions and is expected by the beginning of calendar 2020.
Table:
 |  | Fiscal year |  | % Change
(in millions of €) | 2019 | 2018 | Actual | Comp.
Orders | 5,806 | 5,569 | 4 % | 3 %
Revenue | 5,526 | 4,930 | 12 % | 11 %
Adjusted EBITA | (71) | (305) | 77 % | 
Adjusted EBITA margin | (1.3) % | (6.2) % |  | 


Question: What is the increase / (decrease) in revenue from 2018 to 2019?
Answer: 596
Calculation: 5,526 - 4,930
annual report on form 10-k 108 fifth third bancorp part ii item 5 . market for registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the information required by this item is included in the corporate information found on the inside of the back cover and in the discussion of dividend limitations that the subsidiaries can pay to the bancorp discussed in note 26 of the notes to the consolidated financial statements . additionally , as of december 31 , 2008 , the bancorp had approximately 60025 shareholders of record . issuer purchases of equity securities period shares purchased average paid per shares purchased as part of publicly announced plans or programs maximum shares that may be purchased under the plans or programs .

Table:
period | sharespurchased ( a ) | averagepricepaid pershare | sharespurchasedas part ofpubliclyannouncedplans orprograms | maximumshares thatmay bepurchasedunder theplans orprograms
october 2008 | 25394 | $ - | - | 19201518
november 2008 | 7526 | - | - | 19201518
december 2008 | 40 | - | - | 19201518
total | 32960 | $ - | - | 19201518
( a ) the bancorp repurchased 25394 , 7526 and 40 shares during october , november and december of 2008 in connection with various employee compensation plans of the bancorp .
these purchases are not included against the maximum number of shares that may yet be purchased under the board of directors authorization. .

Question: what percentage of the fourth quarter share repurchases were in the last moth of the year in 2008?
Answer: 0.1%
Calculation: divide(40, 32960)
12. Derivative Instruments
(a) Summary of Derivative Instruments
We use derivative instruments primarily to manage exposures to foreign currency exchange rate, interest rate, and equity price risks. Our primary objective in holding derivatives is to reduce the volatility of earnings and cash flows associated with changes in foreign currency exchange rates, interest rates, and equity prices. Our derivatives expose us to credit risk to the extent that the counterparties may be unable to meet the terms of the agreement. We do, however, seek to mitigate such risks by limiting our counterparties to major financial institutions. In addition, the potential risk of loss with any one counterparty resulting from this type of credit risk is monitored. Management does not expect material losses as a result of defaults by counterparties.
The notional amounts of our outstanding derivatives are summarized as follows (in millions):
Table:
 | July 27, 2019 | July 28, 2018
Derivatives designated as hedging instruments: |  | 
Foreign currency derivatives—cash flow hedges | $663 | $147
Interest rate derivatives | 4,500 | 6,750
Net investment hedging instruments | 309 | 250
Derivatives not designated as hedging instruments: |  | 
Foreign currency derivatives | 2,708 | 2,298
Total return swaps—deferred compensation | 574 | 566
Total | $8,754 | $10,011


Question: How does the company mitigate credit risk associated with derivatives?
Answer: by limiting our counterparties to major financial institutions. In addition, the potential risk of loss with any one counterparty resulting from this type of credit risk is monitored
Our common shares are not a direct investment of our pension funds; however, the pension funds may indirectly include our shares. The aggregate amount of our common shares would not be considered material relative to the total pension fund assets.
Our funding policy is to make contributions in accordance with the laws and customs of the various countries in which we operate as well as to make discretionary voluntary contributions from time to time. We expect to make the minimum required contributions of $42 million and $26 million to our non-U.S. and U.S. pension plans, respectively, in fiscal 2020. We may also make voluntary contributions at our discretion.
At fiscal year end 2019, benefit payments, which reflect future expected service, as appropriate, are expected to be
paid as follows:
Table:
 | Non-U.S. Plans | U.S. Plans
 |  | (in millions)
Fiscal 2020 | $  82 | $  77
Fiscal 2021 | 77 | 74
Fiscal 2022 | 81 | 74
Fiscal 2023 | 85 | 74
Fiscal 2024 | 86 | 74
Fiscal 2025-2029 | 490 | 361


Question: Which are the periods for which benefit payments are expected to be paid?
Answer: Fiscal 2020, Fiscal 2021, Fiscal 2022, Fiscal 2023, Fiscal 2024, Fiscal 2025-2029
Summarized financial information concerning our segments is shown in the tables below (in millions):
(1) Revenues for Corporate and Other represent deferred revenue purchase accounting adjustments recorded in accordance with GAAP
(2) Operating expenses for Corporate and Other includes equity-based compensation, including certain related payroll taxes, of $51.7 million, $51.4 million and $19.2 million for the years ended December 31, 2019, 2018 and 2017, respectively.
(4) Depreciation and amortization for Corporate and Other primarily represents net incremental depreciation and amortization adjustments associated with the application of purchase accounting recorded in accordance with GAAP.
(6) Receivables from related parties are included in Corporate and Other.
(7) Transition and integration costs primarily consists of legal and professional fees related to the Distribution and transition-related costs following the Distribution.
Table:
 |  |  | Year ended December 31, 2017 |  | 
 | Software Solutions | Data and Analytics | Corporate and Other |  | Total
Revenues | $904.5 | $151.6 | $(4.5) | (1) | $1,051.6
Expenses: |  |  |  |  | 
Operating expenses | 388.0 | 113.2 | 68.3 | (2) | 569.5
Transition and integration costs | — | — | 13.1 | (7) | 13.1
EBITDA | 516.5 | 38.4 | (85.9) |  | 469.0
Depreciation and amortization | 101.2 | 12.8 | 92.5 | (4) | 206.5
Operating income (loss) | 415.3 | 25.6 | (178.4) |  | 262.5
Interest expense, net |  |  |  |  | (57.5)
Other expense, net |  |  |  |  | (12.6)
Earnings before income taxes |  |  |  |  | 192.4
Income tax benefit |  |  |  |  | (61.8)
Net earnings |  |  |  |  | $254.2
Balance sheet data: |  |  |  |  | 
Total assets | $3,223.5 | $304.7 | $127.7 | (6) | $3,655.9
Goodwill | $2,134.7 | $172.1 | $— |  | $2,306.8


Question: What was the difference between the total assets and goodwill from data and analytics?
Answer: 132.6
Calculation: 304.7-172.1
15. Revenue from Contracts with Customers
Impact of Adopting Topic 606
The effects of the adoption on the Company's Consolidated Financial Statements for the fiscal year ended September 28, 2019 was as follows (in thousands):
Table:
 |  | Fiscal Year Ended | 
 | September 28, 2019
As Reported | Adjustments due to Topic 606 | September 28, 2019
As Adjusted - Without
Adoption of Topic 606
Net sales | $3,164,434 | $14,880 | $3,149,554
Cost of sales | 2,872,596 | 12,934 | 2,859,662
       Gross profit | 291,838 | 1,946 | 289,892
       Operating income | 142,055 | 1,946 | 140,109
       Income before income taxes | 125,955 | 1,946 | 124,009
Income tax expense | 17,339 | 440 | 16,899
           Net income | $108,616 | $1,506 | $107,110


Question: What was the cost of sales adjustments due to Topic 606?
Answer: 12,934
NOTE 21 — QUARTERLY INFORMATION (UNAUDITED)
(a) Reflects the $157 million net charge related to the enactment of the TCJA for the second quarter and the $2.6 billion net income tax benefit related to the intangible property transfers for the fourth quarter, which together increased net income by $2.4 billion for fiscal year 2019. See Note 12 – Income Taxes for further information.
(b) Reflects the net charge related to the enactment of the TCJA and the net income tax benefit related to the intangible property transfers, which decreased (increased) diluted EPS $0.02 for the second quarter, $(0.34) for the fourth quarter, and $(0.31) for fiscal year 2019.
(c) Reflects the net charge (benefit) related to the enactment of the TCJA of $13.8 billion for the second quarter, $(104) million for the fourth quarter, and $13.7 billion for fiscal year 2018.
(d) Reflects the net charge (benefit) related to the enactment of the TCJA, which decreased (increased) diluted EPS $1.78 for the second quarter, $(0.01) for the fourth quarter, and $1.75 for fiscal year 2018.
Table:
(In millions, except per share amounts) |  |  |  |  | 
Quarter Ended | September 30 | December 31 | March 31 | June 30 | Total
Fiscal Year 2019 |  |  |  |  | 
Revenue | $  29,084 | $  32,471 | $  30,571 | $  33,717 | $  125,843
Gross margin | 19,179 | 20,048 | 20,401 | 23,305 | 82,933
Operating income | 9,955 | 10,258 | 10,341 | 12,405 | 42,959
Net income (a) | 8,824 | 8,420 | 8,809 | 13,187 | 39,240
Basic earnings per share | 1.15 | 1.09 | 1.15 | 1.72 | 5.11
Diluted earnings per share (b) | 1.14 | 1.08 | 1.14 | 1.71 | 5.06
Fiscal Year 2018 |  |  |  |  | 
Revenue | $  24,538 | $ 28,918 | $ 26,819 | $ 30,085 | $ 110,360
Gross margin | 16,260 | 17,854 | 17,550 | 20,343 | 72,007
Operating income | 7,708 | 8,679 | 8,292 | 10,379 | 35,058
Net income (loss) (c) | 6,576 | (6,302) | 7,424 | 8,873 | 16,571
Basic earnings (loss) per share | 0.85 | (0.82) | 0.96 | 1.15 | 2.15
Diluted earnings (loss) per share (d) | 0.84 | (0.82) | 0.95 | 1.14 | 2.13


Question: How much would diluted EPS be for second quarter ended of fiscal year 2019 without the net charge related to the enactment of the TCJA and the net income tax benefit related to the intangible property transfers?
Answer: 1.73
Calculation: 1.71+0.02
Other (Income) Expenses
nm - not meaningful
Interest income. Interest income decreased $64,000 during fiscal 2018 as compared to fiscal 2017.
Interest expense. Interest expense consists of costs associated with capital leases and loans on corporate-owned life insurance policies.
Other (income) expense, net. Other (income) expense, net consists mainly of the impact of foreign currency due to movement of European and Asian currencies against the US dollar.
Table:
 | Year ended March 31, |  | (Unfavorable) favorable | 
(Dollars in thousands) | 2018 | 2017 | $ | %
Other (income) expenses |  |  |  | 
Interest (income) | $(98) | $(162) | $(64) | (39.5)%
Interest expense | 10 | 15 | 5 | 33.3%
Other (income) expense, net | (391) | 224 | 615 | nm
Total other (income) expense, net | $(479) | $77 | $556 | nm


Question: What was the decrease in interest income in fiscal 2018?
Answer: $64,000
NOTE 15 – INCOME TAXES
As of December 31, 2019, the Company had net operating loss carry-forwards for federal income tax purposes of approximately $18.3 million, consisting of pre-2018 losses in the amount of approximately $14.3 million that expire from 2020 through 2037, and post-2017 losses in the amount of approximately $4 million that never expire. These net operating losses are available to offset future taxable income. The Company was formed in 2006 as a limited liability company and changed to a corporation in 2007. Activity prior to incorporation is not reflected in the Company’s corporate tax returns. In the future, the cumulative net operating loss carry-forward for income tax purposes may differ from the cumulative financial statement loss due to timing differences between book and tax reporting.
The provision for Federal income tax consists of the following for the years ended December 31, 2019 and 2018:
The provision for Federal income tax consists of the following for the years ended December 31, 2019 and 2018:
Table:
 | 2019 | 2018
Federal income tax benefit (expense) attributable to:         |  | 
Current operations  | $848,000 | $(48,000)
Acquisition costs   | (143,000) | -
Change in fair value of contingent consideration   | (133,000) | -
Other permanent items   | 29,000 | (36,000)
Deferred Adjustment   | (913,000) | -
Valuation allowance   | 1,209,960 | 84,000
Net provision for federal income tax  | $897,960 | $-


Question: What is the average of current operations from 2018 to 2019?
Answer: 400000
Calculation: (848,000+(-48,000))/2