hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Selling, General and Administrative Expense
NM—Not meaningful
Total selling, general and administrative (SG&A) expense increased 6.4 percent in 2019 versus 2018, driven primarily by the following factors: • Higher spending (5 points) driven by Red Hat spending (5 points); and • Higher acquisition-related charges and amortization of acquired intangible assets associated with the Red Hat acquisition (3 points); partially offset by • The effects of currency (2 points).
Operating (non-GAAP) expense increased 3.4 percent year to year primarily driven by the same factors excluding the acquisition-related charges and amortization of acquired intangible assets associated with the Red Hat transaction.
Table:
($ in millions) |  |  | 
For the year ended December 31: | 2019 | 2018 | Yr.-to-Yr. Percent Change
Selling, general and administrative expense |  |  | 
Selling, general and administrative—other | $17,099 | $16,438 | 4.0%
Advertising and promotional expense | 1,647 | 1,466 | 12.3
Workforce rebalancing charges | 555 | 598 | (7.2)
Amortization of acquired intangible assets | 762 | 435 | 74.9
Stock-based compensation | 453 | 361 | 25.2
Bad debt expense | 89 | 67 | 32.5
Total consolidated selling, general and administrative expense | $20,604 | $19,366 | 6.4%
Non-operating adjustments |  |  | 
Amortization of acquired intangible assets | (762) | (435) | 74.9
Acquisition-related charges | (282) | (15) | NM
Operating (non-GAAP) selling, general and administrative expense | $19,560 | $18,915 | 3.4%


Question: What caused the Operating (non-GAAP) expense to increase?
Answer: driven by the same factors excluding the acquisition-related charges and amortization of acquired intangible assets associated with the Red Hat transaction.
Quarterly Financial Data (Unaudited)
Quarterly results for the years ended June 30, 2019 and 2018 are as follow (in thousands, except per share amounts).
Table:
 | June 30,
2019 | March 31,
2019 | December 31,
2018 | September 30,
2018
Net revenues  | $252,359 | $250,864 | $252,680 | $239,886
Gross profit  | $138,946 | $138,919 | $141,299 | $132,071
Net (loss) income (1)  | $(17,055) | $(6,932) | $7,199 | $(9,065)
Net (loss) income per share – basic  | $(0.14) | $(0.06) | $0.06 | $(0.08)
Net (loss) income per share – diluted  | $(0.14) | $(0.06) | $0.06 | $(0.08)


Question: What was the gross profit in June 30, 2019?
Answer: 138,946
5.2 Employee share plans (continued)
FY2019, FY2018 & FY2017 offer under LTI Plan
Each LTI Plan share is offered subject to the achievement of the performance measure, which is tested once at the end of the performance period. The LTI Plans will be measured against one performance measure – relative Total Shareholder Return (TSR). LTI Plan shares that do not vest after testing of the relevant performance measure, lapse without retesting.
The shares will only vest if a certain Total Shareholder Return (TSR) relative to the designated comparator group, being the ASX Small Ordinaries Index excluding mining and energy companies, is achieved during the performance period. In relation to the offer, vesting starts where relative TSR reaches the 50th Percentile.
At the 50th Percentile, 50% of LTI Plan shares will vest. All LTI Plan shares will vest if relative TSR is above the 75th Percentile. Between these points, the percentage of vesting increases on a straight-line basis.
Summary of Shares issued under the FY2017 LTI Plan
The following table illustrates the number of, and movements in, shares issued during the year:
Table:
 | 2019 NUMBER | 2018 NUMBER
Outstanding at the beginning of the period | 768,806 | 3,384,696
Granted during the period | - | -
Forfeited during the period | (768,806) | (2,615,890)
Exercised during the period | - | -
Outstanding at the end of the period | - | 768,806


Question: Which performance measure will the LTI Plans be measured against?
Answer: relative Total Shareholder Return (TSR)
Note 3: Debt
A summary of debt is as follows (amounts in thousands):
(1) Amount shown is net of discount, bank issuance costs and other indirect issuance costs of $13.3 million as of March 31, 2018.
(2) Amount shown is net of discount, bank issuance costs and other indirect issuance costs of $8.7 million as of March 31, 2019.
(3) Amount shown is net of discount of $2.1 million as of March 31, 2019.
(4) Amounts shown are net of discounts of $0.6 million and $0.5 million as of March 31, 2019 and 2018, respectively.
Table:
 | March 31, | 
 | 2019 | 2018
Term Loan Credit Agreement (1) | $— | $318,782
TOKIN Term Loan Facility (2) | 276,808 | —
Customer Advances (3) | 11,270 | —
Other, net (4) | 6,393 | 5,841
Total debt | 294,471 | 324,623
Current maturities | (28,430) | (20,540)
Total long-term debt | $266,041 | $304,083


Question: What was the Term Loan Credit Agreement  in 2018?
Answer: 318,782
in september 2006 , the fasb issued sfas no . 158 , 201cemployers 2019 accounting for defined benefit pension and other postretirement plans , an amendment of fasb statements no . 87 , 88 , 106 and 132 ( r ) . 201d this standard eliminated the requirement for a 201cminimum pension liability adjustment 201d that was previously required under sfas no . 87 and required employers to recognize the underfunded or overfunded status of a defined benefit plan as an asset or liability in its statement of financial position . in 2006 , as a result of the implementation of sfas no . 158 , the company recognized an after-tax decrease in accumulated other comprehensive income of $ 1.187 billion and $ 513 million for the u.s . and international pension benefit plans , respectively , and $ 218 million for the postretirement health care and life insurance benefit plan . see note 11 for additional detail . reclassification adjustments are made to avoid double counting in comprehensive income items that are also recorded as part of net income . in 2007 , as disclosed in the net periodic benefit cost table in note 11 , $ 198 million pre-tax ( $ 123 million after-tax ) were reclassified to earnings from accumulated other comprehensive income to pension and postretirement expense in the income statement . these pension and postretirement expense amounts are shown in the table in note 11 as amortization of transition ( asset ) obligation , amortization of prior service cost ( benefit ) and amortization of net actuarial ( gain ) loss . other reclassification adjustments ( except for cash flow hedging instruments adjustments provided in note 12 ) were not material . no tax provision has been made for the translation of foreign currency financial statements into u.s . dollars . note 7 . supplemental cash flow information .

Table:
( millions ) | 2007 | 2006 | 2005
cash income tax payments | $ 1999 | $ 1842 | $ 1277
cash interest payments | 162 | 119 | 79
capitalized interest | 25 | 16 | 12
individual amounts in the consolidated statement of cash flows exclude the impacts of acquisitions , divestitures and exchange rate impacts , which are presented separately .
201cother 2013 net 201d in the consolidated statement of cash flows within operating activities in 2007 and 2006 includes changes in liabilities related to 3m 2019s restructuring actions ( note 4 ) and in 2005 includes the non-cash impact of adopting fin 47 ( $ 35 million cumulative effect of accounting change ) .
transactions related to investing and financing activities with significant non-cash components are as follows : in 2007 , 3m purchased certain assets of diamond productions , inc .
for approximately 150 thousand shares of 3m common stock , which has a market value of approximately $ 13 million at the acquisition 2019s measurement date .
liabilities assumed from acquisitions are provided in the tables in note 2. .

Question: in 2007 what was the tax rate of the adjustment to the amount reclassified to earnings from accumulated other comprehensive income to pension and post retirement expense
Answer: 61%
Calculation: subtract(198, 123), divide(#0, 123)
Interest expense, net includes the stated interest rate on our outstanding debt, as well as the net impact of capitalized interest, interest income, the effects of terminated interest rate swaps and the amortization of capitalized senior debt issuance costs and credit facility fees, bond discounts, and terminated treasury locks.
Interest expense, net for the years ended December 31, was as follows:
(1) We repaid the notes upon maturity in July 2017.
(2) On August 1, 2019, Sealed Air Corporation, on behalf of itself and certain of its subsidiaries, and Sealed Air Corporation (US) entered into an amendment to its existing senior secured credit facility with Bank of America, N.A., as agent, and the other financial institutions party thereto. The amendment provided for a new incremental term facility in an aggregate principal amount of up to $475 million, to be used, in part, to finance the acquisition of Automated. See Note 14, "Debt and Credit Facilities," of the Notes to Consolidated Financial Statements for further details.
(3) On July 12, 2018, the Company and certain of its subsidiaries entered into a third amended and restated credit agreement with respect to its existing senior secured credit facility. See Note 14, “Debt and Credit Facilities,” of the Notes to Consolidated Financial Statements for further details.
(4) In November 2019, the Company issued $425 million of 4.00% Senior Notes due 2027 and used the proceeds to retire the existing $425 million of 6.50% Senior Notes due 2020. See Note 14, "Debt and Credit Facilities," of the Notes to Consolidated Financial Statements for further details.
Table:
 |  | Year Ended December 31, |  | 2019 vs. 2018 | 2018 vs. 2017
(In millions) | 2019 | 2018 | 2017 | Change | Change
Interest expense on our various debt instruments: |  |  |  |  | 
Term Loan A due July 2017(1) | $ — | $ — | $ 3.6 | $ — | $ (3.6)
Term Loan A due July 2022(2) | 6.8 | — | — | 6.8 | —
Term Loan A due July 2023(3) | 8.5 | 8.9 | 18.6 | (0.4) | (9.7)
Revolving credit facility due July 2023(3) | 1.4 | 1.9 | 2.4 | (0.5) | (0.5)
6.50% Senior Notes due December 2020(4) | 25.4 | 28.1 | 28.1 | (2.7) | —
4.875% Senior Notes due December 2022 | 21.5 | 21.5 | 21.5 | — | —
5.25% Senior Notes due April 2023 | 23.1 | 23.1 | 23.0 | — | 0.1
4.50% Senior Notes due September 2023 | 20.7 | 21.8 | 21.0 | (1.1) | 0.8
5.125% Senior Notes due December 2024 | 22.4 | 22.4 | 22.3 | — | 0.1
5.50% Senior Notes due September 2025 | 22.4 | 22.4 | 22.3 | — | 0.1
4.00% Senior Notes due December 2027(4) | 1.7 | — | — | 1.7 | —
6.875% Senior Notes due July 2033 | 31.1 | 31.0 | 31.0 | 0.1 | —
Other interest expense | 19.4 | 18.2 | 18.3 | 1.2 | (0.1)
Less: capitalized interest | (8.4) | (6.3) | (10.3) | (2.1) | 4.0
Less: interest income | (11.9) | (15.1) | (17.6) | 3.2 | 2.5
Total | $ 184.1 | $ 177.9 | $ 184.2 | $ 6.2 | $ (6.3)


Question: For the year 2019, what is the interest expense for Senior Notes due from 2020-2023 inclusive?
Answer: 90.7
Calculation: 25.4+21.5+23.1+20.7
Subscription Revenue by Segment
Our subscription revenue is comprised primarily of fees we charge for our subscription and hosted service offerings including Creative Cloud and certain of our Digital Experience and Document Cloud services. We recognize subscription revenue ratably over the term of agreements with our customers, beginning with commencement of service.
We have the following reportable segments: Digital Media, Digital Experience and Publishing. Subscription revenue by reportable segment for fiscal 2019, 2018 and 2017 is as follows:
(*) Percentage is less than 1%
Our product revenue is primarily comprised of revenue from distinct on-premise software licenses recognized at a point in time and certain of our OEM and royalty agreements. Our services and support revenue is comprised of consulting, training and maintenance and support, primarily related to the licensing of our enterprise offerings and the sale of our hosted Digital Experience services. Our support revenue also includes technical support and developer support to partners and developer organizations related to our desktop products. Our maintenance and support offerings, which entitle customers to receive desktop product upgrades and enhancements or technical support, depending on the offering, are generally recognized ratably over the term of the arrangement.
Table:
(dollars in millions) | 2019 | 2018 | 2017 | % Change 2019 - 2018
Digital Media | $7,208.3 | $5,857.7 | $4,480.8 | 23%
Digital Experience | 2,670.7 | 1,949.3 | 1,552.5 | 37%
Publishing | 115.5 | 115.2 | 100.6 | *
Total subscription revenue | $9,994.5 | $7,922.2 | $6,133.9 | 26%


Question: What does their subscription revenue mainly comprise of?
Answer: fees we charge for our subscription and hosted service offerings including Creative Cloud and certain of our Digital Experience and Document Cloud services
Sales-Type Leases
We are the lessor in sales-type lease arrangements for network equipment, which have initial terms of up to five years. Our sales-type lease arrangements contain either a provision whereby the network equipment reverts back to us upon the expiration of the lease or a provision that allows the lessee to purchase the network equipment at a bargain purchase amount at the end of the lease. In addition, our sales-type lease arrangements do not contain any residual value guarantees or material restrictive covenants. The allocation of the consideration between lease and nonlease components is determined by stand-alone selling price by component. The net investment in sales-type leases consists of lease receivables less unearned income. Collectability of sales-type leases is evaluated periodically at an individual customer level. The Company has elected to exclude taxes related to sales-type leases from revenue and the associated expense of such taxes. As of December 31, 2019 and 2018, we did not have an allowance for credit losses for our net investment in sales-type leases. As of December 31, 2019 and 2018, the components of the net investment in sales-type leases were as follows:
(1) Included in other receivables on the Consolidated Balance Sheet.
(2) Included in other assets on the Consolidated Balance Sheet.
Table:
(In thousands) | December 31, 2019 | December 31, 2018
Current minimum lease payments receivable(1) | $1,201 | $11,339
Non-current minimum lease payments receivable(2) | 889 | 1,670
Total minimum lease payments receivable | 2,090 | 13,009
Less: Current unearned revenue(1) | 365 | 631
Less: Non-current unearned revenue(2) | 163 | 473
Net investment in sales-type leases | $1,562 | $11,905


Question: Where was non-current minimum lease payments receivable included in the Consolidated Balance Sheet?
Answer: other assets
NOTE 4 – REMUNERATION TO AUDITORS APPOINTED AT THE PARENT COMPANY’S ANNUAL GENERAL MEETING
Under SEC regulations, the remuneration of the auditor of USD 0.7m (2018: USD 0.8m, 2017: USD 1.0m) is required to be presented as follows: Audit USD 0.6m (2018: USD 0.6m, 2017: USD 0.6m) and other audit-related services USD 0.1m (2018: USD 0.2m, 2017: USD 0.4m).
Our Audit Committee pre-approves all audit, audit-related and non-audit services not prohibited by law to be performed by our independent auditors and associated fees prior to the engagement of the independent auditor with respect to such services.
Table:
USDm | 2019 | 2018 | 2017
Audit fees |  |  | 
Fees payable to the Company's auditor for the audit of the Company's annual accounts | 0.4 | 0.4 | 0.4
Audit of the Company's subsidiaries pursuant to legislation | 0.2 | 0.2 | 0.2
Total audit fees | 0.6 | 0.6 | 0.6
Non-audit fees |  |  | 
Audit-related services | 0.1 | 0.2 | 0.4
Tax services | 0.0 | - | -
Total non-audit fees | 0.1 | 0.2 | 0.4
Total | 0.7 | 0.8 | 1.0


Question: What was the amount of total audit fees in 2019?
Answer: USD 0.6m
STOCK OPTIONS
The following is a summary of stock option activity during the years ended December 31, 2019 and 2018:
Table:
 | Number of Options Outstanding | Weighted Average Exercise Price | Average Remaining Contractual Life (in years) | Aggregate Intrinsic Value (thousands)
Outstanding – December 31, 2017 | 2,341,340 | $1.77 | 5.78 | $1,087
Options granted | 376,667 | 2.41 |  | 
Options exercised | 224,400 | 1.59 |  | 
Options forfeited | 6,961 | 1.42 |  | 
Outstanding – December 31, 2018 | 2,486,646 | $1.89 | 7.01 | $1,550
Options granted | 50,832 | 3.02 |  | 
Options exercised | - |  |  | 
Options forfeited | 181,281 | 2.23 |  | 
Outstanding – December 31, 2019 | 2,356,197 | $1.89 | 5.93 | $628
Exercisable – December 31, 2019 | 1,843,468 | $1.75 | 5.34 | $624


Question: What are the respective outstanding options as at December 31, 2018 and 2019?
Answer: 2,486,646, 2,356,197
measurement point december 31 booking holdings nasdaq composite index s&p 500 rdg internet composite .

Table:
measurement pointdecember 31 | booking holdings inc . | nasdaqcomposite index | s&p 500index | rdg internetcomposite
2013 | 100.00 | 100.00 | 100.00 | 100.00
2014 | 98.09 | 114.62 | 113.69 | 96.39
2015 | 109.68 | 122.81 | 115.26 | 133.20
2016 | 126.12 | 133.19 | 129.05 | 140.23
2017 | 149.50 | 172.11 | 157.22 | 202.15
2018 | 148.18 | 165.84 | 150.33 | 201.16
.

Question: what was the difference in percentage change in booking holding inc . and nasdaq composite index for the five years ended 2018?
Answer: -17.66%
Calculation: subtract(148.18, const_100), divide(#0, const_100), subtract(165.84, const_100), divide(#2, const_100), subtract(#1, #3)
1.25% Notes Embedded Cash Conversion Option
The embedded cash conversion option within the 1.25% Notes is required to be separated from the 1.25% Notes and accounted for separately as a derivative liability, with changes in fair value recognized immediately in our consolidated statements of operations in Other income (loss), net until the cash conversion option settles or expires.
The initial fair value liability of the embedded cash conversion option was $82.8 million, which simultaneously reduced the carrying value of the 1.25% Notes (effectively an original issuance discount). The embedded cash conversion option is measured and reported at fair value on a recurring basis within Level 3 of the fair value hierarchy. For further discussion of the inputs used to determine the fair value of the embedded cash conversion option, refer to Note 1, “Basis of Presentation and Significant Accounting Policies.”
The following table shows the net impact of the changes in fair values of the 1.25% Call Option and 1.25% Notes embedded cash conversion option in the consolidated statements of operations:
Table:
 |  | Year Ended December 31, | 
(In thousands) | 2019 | 2018 | 2017
1.25% Call Option | $ (9,020) | $ (37,474) | $ 29,498
1.25% Embedded cash conversion option | 9,789 | 37,803 | (30,118)
Net (loss) income included in other income, net | $ 769 | $ 329 | $ (620)


Question: What is the 1.25% Embedded cash conversion option value in 2019?
Answer: 9,789
We manufacture products in 107 facilities, with 15 of those facilities serving both of our business segments. The following table shows our manufacturing facilities by geographic region and our business segment reporting structure:
Other Property Information
We own the large majority of our manufacturing facilities. Some of these facilities are subject to secured or other financing arrangements. We lease the balance of our manufacturing facilities, which are generally smaller sites. Our manufacturing facilities are usually located in general purpose buildings that house our specialized machinery for the manufacture of one or more products. Because of the relatively low density of our air cellular, polyethylene foam and protective mailer products, we realize significant freight savings by locating our manufacturing facilities for these products near our customers and distributors.
We also occupy facilities containing sales, distribution, technical, warehouse or administrative functions at a number of
locations in the U.S. and in many foreign countries/regions. Some of these facilities are located on the manufacturing sites that we own and some of these are leased. Stand-alone facilities of these types are generally leased. Our global headquarters is located in an owned property in Charlotte, North Carolina. For a list of those countries and regions outside of the U.S. where we have operations, see "Global Operations" above.
We believe that our manufacturing, warehouse, office and other facilities are well maintained, suitable for their purposes and adequate for our needs.
Table:
Geographic Region | Number of Manufacturing Facilities | Food Care Manufacturing Facilities | Product Care Manufacturing Facilities
North America | 44 | 10 | 37
Europe, Middle East and Africa ("EMEA") | 29 | 11 | 24
South America | 6 | 6 | 1
Asia, Australia and New Zealand ("APAC") | 28 | 9 | 24
Total | 107 | 36 | 86


Question: How many manufacturing facilities serve only Product Care in total? 
Answer: 71
Calculation: 107-36
A summary of option activity under all of the Company’s equity incentive plans at December 31, 2019 and changes during the period then ended is presented in the following table:
There were no options granted for the year ended December 31, 2019 and 2018. The total intrinsic value of options exercised during year ended December 31, 2019, 2018 and 2017 were $215.5 million, $74.6 million, and $41.2 million, respectively.
Table:
 | Number of Options Outstanding (in thousands) | Weighted- Average Exercise Price Per Share | Weighted- Average Contractual Term (in Years) | Aggregate Intrinsic Value (in thousands)
Outstanding at December 31, 2016 | 7,384 | $10.59 | 5.3 | $74,065
Granted | 25 | 23.99 |  | 
Exercised | (1,722) | 10.39 |  | 
Canceled/Forfeited | (401) | 16.04 |  | 
Outstanding at December 31, 2017 | 5,286 | $10.30 | 4.2 | $201,480
Granted | - | - |  | 
Exercised | (1,138) | 8.17 |  | 
Canceled/Forfeited | (17) | 18.79 |  | 
Outstanding at December 31, 2018 | 4,131 | $10.86 | 3.3 | $295,921
Granted | - | - |  | 
Exercised | (1,742) | 8.53 |  | 
Canceled/Forfeited | (132) | 2.73 |  | 
Outstanding at December 31, 2019 | 2,257 | $13.13 | 2.5 | $351,428
Vested and expected to vest as of December 31, 2019 | 2,259 | $13.13 | 2.5 | $351,362
Excercisable as of December 31, 2019 | 2,243 | $13.10 | 2.5 | $349,002


Question: What is the average total intrinsic value of options exercised during year ended December 31, 2017 to 2019?
Answer: 110.43
Calculation: (215.5 + 74.6 + 41.2)/3
Goodwill
The following table summarizes the changes in the carrying amount of goodwill during the periods presented (table in millions):
Table:
 | January 31, 2020 | February 1, 2019
Balance, beginning of the year | $7,418 | $6,660
Increase in goodwill related to business combinations | 1,911 | 784
Other adjustment | — | (26)
Balance, end of the year | $9,329 | $7,418


Question: What was the balance at the end of the year in 2020?
Answer: 9,329