hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Product Warranties
The following table summarizes accrued warranty activities for fiscal 2019, 2018 and 2017:
In some cases, we may offer customers the option to purchase extended warranties to ensure protection beyond the standard warranty period. In those circumstances, the warranty is considered a distinct service and we account for the extended warranty as a performance obligation and allocate a portion of the transaction price to that performance obligation. More frequently, customers do not purchase a warranty separately. In those situations, we account for the warranty as an assurance-type warranty, which provides customers with assurance that the product complies with agreed-upon specifications, and this does not represent a separate performance obligation. Such warranties are recorded separately as liabilities and presented within ‘‘accrued liabilities’’ and ‘‘other long-term liabilities’’ on our consolidated balance sheets (see Note 5. Balance Sheet Components).
Table:
 |  | Fiscal Year Ended | 
(In thousands) | December 29, 2019 | December 30, 2018 | December 31, 2017
Balance at the beginning of the period | $172,266 | $181,303 | $161,209
Accruals for warranties issued during the period | 27,717 | 31,628 | 29,689
Settlements and adjustments during the period | (61,538) | (40,665) | (9,595)
Balance at the end of the period | $138,445 | $172,266 | $181,303


Question: What would be the change in balance at the beginning of the period from 2017 to 2018?
Answer: 20094
Calculation: $181,303 - $161,209
DERIVATIVE LIABILITIES
In connection with the issuance of Series A-1 Preferred Stock in June 2017, the Company issued a warrant with variable consideration through September 2018. The Company determined that this instrument is an embedded derivative pursuant to ASC 815, “Derivatives and Hedging.” The accounting treatment of derivative financial instruments requires that the Company record the warrant, at its fair value as of the inception date of the agreement and at fair value as of each subsequent balance sheet date through the expiration of the variable consideration. Any change in fair value is recorded as a change in the fair value of derivative liabilities for each reporting period at each balance sheet date. The Company reassesses the classification at each balance sheet date. If the classification changes as a result of events during the period, the contract is reclassified as of the date of the event that caused the reclassification. On September 19, 2018, upon expiration of the variable consideration, the warrant liability of $4.5 million was reclassified to equity.
The Monte Carlo Valuation model is used to estimate the fair value of the warrant. The model was developed for use in estimating the fair value of traded options or warrants. The expected volatility is estimated based on the most recent historical period of time equal to the weighted average life of the instrument granted.
The risk-free interest rate used is the United States Treasury rate for the day of the grant having a term equal to the life of the equity instrument. The volatility is a measure of the amount by which the Company’s share price has fluctuated or is expected to fluctuate. The dividend yield is zero as the Company has not made any dividend payment and has no plans to pay dividends in the foreseeable future. The Company determines the expected term of its warrant awards by using the contractual term.
The principal assumptions used in applying the model were as follows:
Table:
 | Upon 2018 Expiration | December 31, 2017
Assumptions: |  | 
Risk-free interest rate | 2.3% - 2.5% | 1.5% - 2.0%
Expected life | 1.8 - 2.2 Years | 2.5 - 3 Years
Expected volatility | 65% - 70% | 50% - 60%
Dividends | 0% | 0%


Question: What is the average expected life as at December 31, 2017?
Answer: 2.75
Calculation: (2.5 + 3)/2
14 . leases we lease certain locomotives , freight cars , and other property . the consolidated statement of financial position as of december 31 , 2009 and 2008 included $ 2754 million , net of $ 927 million of accumulated depreciation , and $ 2024 million , net of $ 869 million of accumulated depreciation , respectively , for properties held under capital leases . a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income . future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2009 were as follows : millions of dollars operating leases capital leases .

Table:
millions of dollars | operatingleases | capital leases
2010 | $ 576 | $ 290
2011 | 570 | 292
2012 | 488 | 247
2013 | 425 | 256
2014 | 352 | 267
later years | 2901 | 1623
total minimum lease payments | $ 5312 | $ 2975
amount representing interest | n/a | -914 ( 914 )
present value of minimum lease payments | n/a | $ 2061
the majority of capital lease payments relate to locomotives .
rent expense for operating leases with terms exceeding one month was $ 686 million in 2009 , $ 747 million in 2008 , and $ 810 million in 2007 .
when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term .
contingent rentals and sub-rentals are not significant .
15 .
commitments and contingencies asserted and unasserted claims 2013 various claims and lawsuits are pending against us and certain of our subsidiaries .
we cannot fully determine the effect of all asserted and unasserted claims on our consolidated results of operations , financial condition , or liquidity ; however , to the extent possible , where asserted and unasserted claims are considered probable and where such claims can be reasonably estimated , we have recorded a liability .
we do not expect that any known lawsuits , claims , environmental costs , commitments , contingent liabilities , or guarantees will have a material adverse effect on our consolidated results of operations , financial condition , or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters .
personal injury 2013 the cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year .
we use third-party actuaries to assist us in measuring the expense and liability , including unasserted claims .
the federal employers 2019 liability act ( fela ) governs compensation for work-related accidents .
under fela , damages are assessed based on a finding of fault through litigation or out-of-court settlements .
we offer a comprehensive variety of services and rehabilitation programs for employees who are injured at .

Question: what percent of total minimum operating lease payments are due in 2012?
Answer: 9%
Calculation: divide(488, 5312)
Net Pool Allocation: Net pool allocation decreased by $22.1 million, from a positive $17.8 million during the year ended December 31, 2018 to a negative $4.3 million during the year ended December 31, 2019. The decrease in net pool allocation was attributable to the movement in the adjustment of the net pool results generated by the GasLog vessels in accordance with the pool distribution formula for the total fleet of the pool, as well as GasLog’s vessels exiting the Cool Pool in June and July 2019. GasLog recognized gross revenues and gross voyage expenses and commissions of $45.3 million and $8.1 million, respectively, from the operation of its vessels in the Cool Pool during the year ended December 31, 2019 (December 31, 2018: $102.3 million and $10.2 million, respectively). GasLog’s total net pool performance is presented below:
Voyage Expenses and Commissions: Voyage expenses and commissions increased by 16.7%, or $3.4 million, from $20.4 million during the year ended December 31, 2018 to $23.8 million during the year ended December 31, 2019. The increase in voyage expenses and commissions is mainly attributable to an increase of $3.4 million in bunkers and voyage expenses consumed during certain unchartered and off-hire periods for the vessels trading in the spot market.
Table:
 | For the year ended | 
 | 2018 | 2019
Amounts in thousands of U.S. Dollars |  | 
Pool gross revenues (included in Revenues) | 102,253 | 45,253
Pool gross voyage expenses and commissions (included in Voyage expenses and commissions) | (10,154) | (8,086)
GasLog’s adjustment for net pool allocation (included in Net pool allocation) | 17,818 | (4,264)
GasLog’s total net pool performance | 109,917 | 32,903


Question: Which year was the pool gross revenues higher?
Answer: 2018
Calculation: 102,253 > 45,253
20. Trade and other payables
Following the application of IFRS 16, trade and other payables for the year ended 31 March 2018 have been restated (note 2).
Trade payables are unsecured and are usually paid within 30 days of recognition. The carrying amounts of trade and other payables are considered to be the same as their fair values, due to their short-term nature.
Table:
 | 2019 | (Restated) 2018
 | £m | £m
Trade payables | 4.3 | 3.7
Accruals | 10.5 | 9.8
Other taxes and social security | 13.0 | 11.8
Deferred income | 13.2 | 1.8
Other payables | 0.3 | 0.9
Accrued interest payable | 0.5 | 0.5
Total | 41.8 | 28.5


Question: In which year were Trade payables larger?
Answer: 2019
Calculation: 4.3>3.7
21. Subsidiaries
The advances given to subsidiaries were interest-free and unsecured with settlement neither planned nor likely to occur in the foreseeable future.
The deemed investment in a subsidiary, Singtel Group Treasury Pte. Ltd. (“SGT”), arose from financial guarantees provided by the Company for loans drawn down by SGT prior to 1 April 2010.
The significant subsidiaries of the Group are set out in Note 44.1 to Note 44.3.
Table:
 |  | Company | 
 | 31 March 2019 | 31 March 2018 | 1 April 2017
 | S$ Mil | S$ Mil | S$ Mil
Unquoted equity shares, at cost | 14,259.7 | 13,676.4 | 11,001.2
Shareholders' advances | 5,733.0 | 5,733.0 | 6,423.3
Deemed investment in a subsidiary | 32.5 | 32.5 | 32.5
 | 20,025.2 | 19,441.9 | 17,457.0
Less: Allowance for impairment losses | (16.0) | (16.0) | (16.0)
 | 20,009.2 | 19,425.9 | 17,441.0


Question: What is the topic of note 21?
Answer: Subsidiaries
AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Tabular amounts in millions, unless otherwise disclosed)
As of December 31, 2019, the Company does not have material operating or financing leases that have not yet commenced.
Maturities of operating and finance lease liabilities as of December 31, 2019 were as follows:
(1) Balances are translated at the applicable period-end exchange rate, which may impact comparability between periods.
Table:
Fiscal Year | Operating Lease (1) | Finance Lease (1)
2020 | $904.3 | $8.0
2021 | 878.3 | 5.3
2022 | 845.5 | 4.3
2023 | 810.3 | 3.0
2024 | 766.4 | 2.1
Thereafter | 6,140.1 | 45.4
Total lease payments | 10,344.9 | 68.1
Less amounts representing interest | (3,340.0) | (37.4)
Total lease liability | 7,004.9 | 30.7
Less current portion of lease liability | 494.5 | 6.7
Non-current lease liability | $6,510.4 | $24.0


Question: What was the change in finance leases between 2020 and 2021?
Answer: -2.7
Calculation: 5.3-8.0
Financing receivables primarily consist of client loan and installment payment receivables (loans), investment in sales-type and direct financing leases, and commercial financing receivables. Client loan and installment payment receivables (loans) are provided primarily to clients to finance the purchase of hardware, software and services.
Payment terms on these financing arrangements are generally for terms up to seven years. Client loans and installment payment financing contracts are priced independently at competitive market rates. Investment in sales-type and direct financing leases relates principally to the company’s Systems products and are for terms ranging generally from two to six years.
Commercial financing receivables relate primarily to inventory and accounts receivable financing for dealers and remarketers of IBM and OEM products. Payment terms for inventory and accounts receivable financing generally range from 30 to 90 days.
Table:
($ in millions) |  |  |  | 
At December 31, 2019: | Investment in Sales-Type and Direct Financing Leases | Commercial Financing Receivables | Client Loan and Installment Payment Receivables/ (Loans) | Total
Financing receivables, gross | $6,077 | $3,836 | $13,592 | $23,504
Unearned income | (509) | (4) | (570) | (1,083)
Recorded investment | $5,567 | $3,831 | $13,022 | $22,421
Allowance for credit losses | (72) | (11) | (138) | (221)
Unguaranteed residual value | 652 | — | — | 652
Guaranteed residual value | 53 | — | — | 53
Total financing receivables, net | $6,199 | $3,820 | $12,884 | $22,904
Current portion | $2,334 | $3,820 | $ 8,037 | $14,192
Noncurrent portion | $3,865 | $      — | $ 4,847 | $ 8,712


Question: What is the purpose of Client loan and installment payment receivables (loans)?
Answer: Client loan and installment payment receivables (loans) are provided primarily to clients to finance the purchase of hardware, software and services.
18. Geographic Information
Property and equipment, net by geography was as follows:
No individual international country represented more than 10% of property and equipment, net in any period presented.
Table:
 | Year Ended December31, | 
 | 2019 | 2018
U.S. | 200.4 | 231.0
International | 58.2 | 68.0
 | $258.6 | $299.0


Question: Between 2018 and 2019, which year has higher net property and equipment in U.S.?
Answer: 2018
Calculation: 231.0>200.4
The components of our income tax provision for the years ended December 31, 2019, 2018 and 2017 are as follows (in thousands):
As a result of a loss in a foreign location, we have a net operating loss carry-forward (“NOL”) of approximately $0.3 million
available to offset future income. All $0.3 million of the NOL expires in 2025. We have established a valuation allowance for this
NOL because the ability to utilize it is not more likely than not.
We have tax credit carry-forwards of approximately $5.1 million available to offset future state tax. These tax credit carry-forwards
expire in 2020 to 2029. These credits represent a deferred tax asset of $4.0 million after consideration of the federal benefit of state tax
deductions. A valuation allowance of $1.8 million has been established for these credits because the ability to use them is not more
likely than not.
At December 31, 2019 we had approximately $58.2 million of undistributed earnings and profits. The undistributed earnings and
profits are considered previously taxed income and would not be subject to U.S. income taxes upon repatriation of those earnings, in
the form of dividends. The undistributed earnings and profits are considered to be permanently reinvested, accordingly no provision
for local withholdings taxes have been provided, however, upon repatriation of those earnings, in the form of dividends, we could be
subject to additional local withholding taxes.
Table:
 |  | Year Ended December 31,    | 
 | 2019 | 2018 | 2017
Current:                          |  |  | 
Federal    | $ 18,682 | $ 22,606 | $ 53,998
State      | 5,711 | 6,182 | 6,595
Foreign      | 7,323 | 7,018 | 6,185
 | 31,716 | 35,806 | 66,778
Deferred:                          |  |  | 
Federal      | (863 )     | (3,127 )     | 1,590
State      | (326 )     | (674 )     | 35
Foreign      | (212 )     | (464 )     | (51 ) 
 | (1,401 )     | (4,265 )     | 1,574
Total   | $ 30,315 | $ 31,541 | $ 68,352


Question: What is the change in current federal taxes between 2018 and 2019?
Answer: -3924
Calculation: 18,682-22,606
course of business , we actively manage our exposure to these market risks by entering into various hedging transactions , authorized under established policies that place clear controls on these activities . the counterparties in these transactions are generally highly rated institutions . we establish credit limits for each counterparty . our hedging transactions include but are not limited to a variety of derivative financial instruments . for information on interest rate , foreign exchange , commodity price , and equity instrument risk , please see note 7 to the consolidated financial statements in item 8 of this report . value at risk the estimates in the table below are intended to measure the maximum potential fair value we could lose in one day from adverse changes in market interest rates , foreign exchange rates , commodity prices , and equity prices under normal market conditions . a monte carlo value-at-risk ( var ) methodology was used to quantify the market risk for our exposures . the models assumed normal market conditions and used a 95 percent confidence level . the var calculation used historical interest and foreign exchange rates , and commodity and equity prices from the past year to estimate the potential volatility and correlation of these rates in the future . the market data were drawn from the riskmetrics 2122 data set . the calculations are not intended to represent actual losses in fair value that we expect to incur . further , since the hedging instrument ( the derivative ) inversely correlates with the underlying exposure , we would expect that any loss or gain in the fair value of our derivatives would be generally offset by an increase or decrease in the fair value of the underlying exposure . the positions included in the calculations were : debt ; investments ; interest rate swaps ; foreign exchange forwards ; commodity swaps , futures , and options ; and equity instruments . the calculations do not include the underlying foreign exchange and commodities or equity-related positions that are offset by these market-risk-sensitive instruments . the table below presents the estimated maximum potential var arising from a one-day loss in fair value for our interest rate , foreign currency , commodity , and equity market-risk-sensitive instruments outstanding as of may 27 , 2018 and may 28 , 2017 , and the average fair value impact during the year ended may 27 , 2018. .

Table:
in millions | fair value impact may 27 2018 | fair value impact averageduringfiscal 2018 | fair value impact may 282017
interest rate instruments | $ 33.2 | $ 27.5 | $ 25.1
foreign currency instruments | 21.3 | 23.1 | 24.6
commodity instruments | 1.9 | 2.1 | 3.2
equity instruments | 2.0 | 1.4 | 1.3
.

Question: what is the net change in interest rate instruments from 2017 to 2018?
Answer: 8.1
Calculation: subtract(33.2, 25.1)
14. INCOME TAXES
Our effective tax rates for each of the periods presented are the result of the mix of income earned in various tax jurisdictions that apply a broad range of income tax rates. The more significant provisions of the Tax Act as applicable to us are described in Note 1 above under “Impacts of the U.S. Tax Cuts and Jobs Act of 2017.” During fiscal 2019, we recorded a net benefit of $389 million in accordance with SAB 118 related to adjustments in our estimates of the one-time transition tax on certain foreign subsidiary earnings, and the remeasurement of our net deferred tax assets and liabilities affected by the Tax Act. Our provision for income taxes for fiscal 2019 varied from the 21% U.S. statutory rate imposed by the Tax Act primarily due to earnings in foreign operations, state taxes, the U.S. research and development tax credit, settlements with tax authorities, the tax effects of stock-based compensation, the Foreign Derived Intangible Income deduction, the tax effect of GILTI, and a reduction to our transition tax recorded consistent with the provision of SAB 118. Our provision for income taxes for fiscal 2018 varied from the 21% U.S. statutory rate imposed by the Tax Act primarily due to the impacts of the Tax Act upon adoption, state taxes, the U.S. research and development tax credit, settlements with tax authorities, the tax effects of stock-based compensation and the U.S. domestic production activity deduction. Prior to the January 1, 2018 effective date of the Tax Act, our provision for income taxes historically differed from the tax computed at the previous U.S. federal statutory income tax rate due primarily to certain earnings considered as indefinitely reinvested in foreign operations, state taxes, the U.S. research and development tax cr edit, settlements with tax authorities, the tax effects of stock-based compensation and the U.S. domestic production activity deduction.
The following is a geographical breakdown of income before the provision for income taxes:
Table:
 | Year Ended May 31 |  | 
(in millions) | 2019 | 2018 | 2017
Domestic | $3,774 | $3,366 | $3,674
Foreign | 8,494 | 9,058 | 8,006
Income before provision for income taxes | $12,268 | $12,424 | $11,680
 |  |  | 


Question: What was the average total income before provision of income taxes for the 3 year period from 2017 to 2019?
Answer: 12124
Calculation: (12,268+12,424+11,680)/3
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.
Table:
(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


Question: What years are included in the table?
Answer: 2019, 2018, 2017