hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
Contractual Obligations
We have various contractual obligations impacting our liquidity. The following represents our contractual obligations as of January 31, 2020 (table in millions)
(1) Consists of principal and interest payments on the Senior Notes. Refer to “Liquidity and Capital Resources” for a discussion of the public debt offering we issued on August 21, 2017 in the aggregate principal amount of $4.0 billion.
(2) Consists of principal and interest payments on the outstanding note payable to Dell. Refer to “Liquidity and Capital Resources” for a discussion of the $270 million note payable we entered into with Dell per the note exchange agreement from January 21, 2014.
(3) Consists of the principal on the senior unsecured term loan facility (the “Term Loan”). The Term Loan can be repaid any time before October 2020. Given the variable nature of the interest on the Term Loan, including when the repayment will take place, interest payments have been excluded from the table above.
(4) Consists of both operating and finance leases. Our operating leases are primarily for facility space and land. Amounts in the table above exclude legally binding minimum lease payments for leases signed but not yet commenced of $361 million, as well as expected sublease income.
(5) Consists of future cash payments related to the Transition Tax.
(6) As of January 31, 2020, we had $479 million of gross uncertain tax benefits, excluding interest and penalties. The timing of future payments relating to these obligations is highly uncertain. Based on the timing and outcome of examinations of our subsidiaries, the result of the expiration of statutes of limitations for specific jurisdictions or the timing and result of ruling requests from taxing authorities, it is reasonably possible that within the next 12 months total unrecognized tax benefits could be potentially reduced by approximately $17 million.
Table:
 |  |  | Payments Due by Period |  | 
 | Total | Less than 1 year | 1-3 years | 3-5 years | More than 5 years
Senior Notes(1) | $4,552 | $1,372 | $1,686 | $98 | $1,396
Note payable to Dell(2) | 283 | 5 | 278 | — | —
Term Loan(3) | 1,500 | 1,500 | — | — | —
Future Lease Commitments(4) | 1,202 | 144 | 268 | 178 | 612
Purchase obligations | 255 | 168 | 87 | — | —
Tax obligations(5) | 545 | 53 | 104 | 227 | 161
Asset Retirement Obligations | 13 | 1 | 5 | 2 | 5
Sub-Total | 8,350 | 3,243 | 2,428 | 505 | 2,174
Uncertain tax positions(6) | 479 |  |  |  | 
Total | $8,829 |  |  |  | 


Question: What did the Senior Notes consists of?
Answer: principal and interest payments on the Senior Notes
five-year performance comparison 2013 the following graph provides an indicator of cumulative total shareholder returns for the corporation as compared to the peer group index ( described above ) , the dj trans , and the s&p 500 . the graph assumes that $ 100 was invested in the common stock of union pacific corporation and each index on december 31 , 2009 and that all dividends were reinvested . the information below is historical in nature and is not necessarily indicative of future performance . purchases of equity securities 2013 during 2014 , we repurchased 33035204 shares of our common stock at an average price of $ 100.24 . the following table presents common stock repurchases during each month for the fourth quarter of 2014 : period total number of shares purchased [a] average price paid per share total number of shares purchased as part of a publicly announced plan or program [b] maximum number of shares that may yet be purchased under the plan or program [b] .

Table:
period | total number ofsharespurchased[a] | averageprice paidpershare | total number of sharespurchased as part of apublicly announcedplan or program [b] | maximum number ofshares that may yetbe purchased under the planor program [b]
oct . 1 through oct . 31 | 3087549 | $ 107.59 | 3075000 | 92618000
nov . 1 through nov . 30 | 1877330 | 119.84 | 1875000 | 90743000
dec . 1 through dec . 31 | 2787108 | 116.54 | 2786400 | 87956600
total | 7751987 | $ 113.77 | 7736400 | n/a
[a] total number of shares purchased during the quarter includes approximately 15587 shares delivered or attested to upc by employees to pay stock option exercise prices , satisfy excess tax withholding obligations for stock option exercises or vesting of retention units , and pay withholding obligations for vesting of retention shares .
[b] effective january 1 , 2014 , our board of directors authorized the repurchase of up to 120 million shares of our common stock by december 31 , 2017 .
these repurchases may be made on the open market or through other transactions .
our management has sole discretion with respect to determining the timing and amount of these transactions. .

Question: what percentage of total number of shares purchased were purchased in december?
Answer: 36%
Calculation: divide(2787108, 7751987)
The following securities have been excluded from the calculation of diluted weighted average common shares outstanding as the inclusion of these securities would have an anti-dilutive effect:
Participating securities are composed of certain stock options granted under the 2015 Plan, and previously granted under the 2009 Equity Incentive Plan, that may be exercised before the options have vested. Unvested shares have a non-forfeitable right to dividends. Unvested shares issued as a result of early exercise are subject to repurchase by us upon termination of employment or services at the original exercise price. The common stock subject to repurchase is no longer classified as participating securities when shares revert to common stock outstanding as the awards vest and our repurchase right lapses.
Our redeemable noncontrolling interest relates to our 85% equity ownership interest in OpenEye. The OpenEye stockholder agreement contains a put option that gives the minority OpenEye stockholders the right to sell their OpenEye shares to us based on the fair value of the shares. The OpenEye stockholder agreement also contains a call option that gives us the right to purchase the remaining OpenEye shares from the minority OpenEye stockholders based on the fair value of the shares. The put and call options can each be exercised beginning in the first quarter of 2023. This redeemable noncontrolling interest is considered temporary equity and we report it between liabilities and stockholders’ equity in the consolidated balance sheets. The amount of the net income or loss attributable to redeemable noncontrolling interests is recorded in the consolidated statements of operations.
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
Stock options | 223,259 | 229,294 | 258,917
Restricted stock awards | — | — | 129
Restricted stock units | 136,600 | 148,175 | 188,050
Common stock subject to repurchase | 250 | 957 | 13,281


Question: What were participating securities composed of?
Answer: certain stock options granted under the 2015 Plan, and previously granted under the 2009 Equity Incentive Plan, that may be exercised before the options have vested.
6. Inventories
Inventories consisted of the following:
Table:
 |  | Fiscal Year End
 | 2019 | 2018
 |  | (in millions)
Raw materials | $  260 | $  276
Work in progress | 739 | 656
Finished goods | 837 | 925
Inventories | $ 1,836 | $  1,857


Question: In which years was the amount of Inventories calculated for?
Answer: 2019, 2018
5. INVESTMENTS
The Company determines the appropriate designation of investments at the time of purchase and reevaluates such designation as of each balance sheet date. All of the Company’s investments are designated as available-for-sale debt securities. As of September 30, 2019 and 2018, the Company’s short-term investments have maturity dates of less than one year from the balance sheet date. The Company’s long-term investments have maturity dates of greater than one year from the balance sheet date.
Available-for-sale marketable securities are carried at fair value as determined by quoted market prices for identical or similar assets, with unrealized gains and losses, net of taxes, and reported as a separate component of stockholders’ equity. Management reviews the fair value of the portfolio at least monthly and evaluates individual securities with fair value below amortized cost at the balance sheet date. For debt securities, in order to determine whether impairment is other than-temporary, management must conclude whether the Company intends to sell the impaired security and whether it is more likely than not that the Company will be required to sell the security before recovering its amortized cost basis. If management intends to sell an impaired debt security or it is more likely than not the Company will be required to sell the security prior to recovering its amortized cost basis, an other-than-temporary impairment is deemed to have occurred. The amount of an other-than-temporary impairment related to a credit loss, or securities that management intends to sell before recovery, is recognized in earnings. The amount of an other-than-temporary impairment on debt securities related to other factors is recorded consistent with changes in the fair value of all other available for-sale securities as a component of stockholders’ equity in other comprehensive income. No other-than-temporary impairment charges were recognized in the fiscal years ended September 30, 2019, 2018, and 2017. There were no realized gains or losses from the sale of available-for-sale securities during the years ended September 30, 2019 and 2017. The Company recorded a net realized loss from the sale of available-for-sale securities of $49,000 during the year ended September 30, 2018.
The cost of securities sold is based on the specific identification method. Amortization of premiums, accretion of discounts, interest, dividend income, and realized gains and losses are included in investment income.
The following tables summarize investments by type of security as of September 30, 2019 and 2018, respectively(amounts shown in thousands):
Table:
September 30, 2019: | Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Market Value
Available-for-sale securities: |  |  |  | 
U.S. Treasury, short-term | $4,240 | $2 | $— | $4,242
Corporate debt securities, short-term | 12,258 | 2 | — | 12,260
U.S. Treasury, long-term | 1,102 | — | (1) | 1,101
Corporate debt securities, long-term | 451 | — | — | 451
Total | $18,051 | $4 | $(1) | $18,054


Question: What are the costs of short-term and long-term U.S. Treasury securities, respectively?
Answer: $4,240, 1,102
We believe our success in attracting these end customers is a direct result of our commitment to high quality service and our intense focus on customer needs and performance. As an independent semiconductor foundry, most of our operating revenue is generated by our sales of wafers. The following table presented the percentages of our wafer sales by types of customers for the years ended December 31, 2017, 2018 and 2019.
We focus on providing a high level of customer service in order to attract customers and maintain their ongoing loyalty. Our culture emphasizes responsiveness to customer needs with a focus on flexibility, speed and accuracy throughout our manufacturing and delivery processes. Our customer oriented approach is especially evident in two types of services: customer design development services and manufacturing services.
For example, in 2013, we expand our regional business by opening our UMC Korea office, in order to provide local support to our customers in Korea, and shorten time-to-market for our Korea-based customers designing and manufacturing on UMC process technologies. We believe that our large production capacity and advanced process technology enable us to provide better customer service than many other foundries through shorter turn-around time, greater manufacturing flexibility and higher manufacturing yields.
Table:
 |  | Years Ended December 31, | 
Customer Type | 2017 | 2018 | 2019
 | % | % | %
Fabless design companies | 91.0 | 92.4 | 91.3
Integrated device manufacturers | 9.0 | 7.6 | 8.7
Total | 100.0 | 100.0 | 100.0


Question: What is the increase / (decrease) in the Integrated device manufacturers from 2017 to 2018?
Answer: -1.4
Calculation: 7.6% - 9.0%
Network advertising revenue is generated primarily from the sale of television airtime for programs or advertisements. Network advertising revenue is recognized when the program or advertisement is broadcast. Revenues are reported net of agency commissions, which are calculated as a stated percentage applied to gross billings. The Network advertising contracts are generally short-term in nature.
Network distribution revenue consists of payments received from cable, satellite and other multiple video program distribution systems for their retransmission of our network content. Network distribution revenue is recognized as earned over the life of the retransmission consent contract and varies from month to month.
Variable fees are usage/sales based, calculated on the average number of subscribers, and recognized as revenue when the usage occurs. Transaction prices are based on the contract terms, with no material judgments or estimates.
Broadcast station revenue is generated primarily from the sale of television airtime in return for a fixed fee or a portion of the related ad sales recognized by the third party. In a typical broadcast station revenue agreement, the licensee of a station makes available, for a fee, airtime on its station to a party which supplies content to be broadcast during that airtime and collects revenue from advertising aired during such content.
Broadcast station revenue is recognized over the life of the contract, when the program is broadcast. The fees that we charge can be fixed or variable and the contracts that the Company enters into are generally short-term in nature. Variable fees are usage/salesbased and recognized as revenue when the subsequent usage occurs. Transaction prices are based on the contract terms, with no material judgments or estimates.
Disaggregation of Revenues The following table disaggregates the Broadcasting segment's revenue by type (in millions):
Table:
 | Years Ended December 31, | 
 | 2019 | 2018
Network advertising | $22.7 | $28.2
Broadcast station | 11.9 | 10.8
Network distribution | 4.9 | 4.8
Other | 2.3 | 1.6
Total revenue from contracts with customers | 41.8 | 45.4
Other revenue | - | -
Total Broadcasting segment revenue | $ 41.8 | $ 45.4


Question: Where is the broadcast revenue generated from?
Answer: Broadcast station revenue is generated primarily from the sale of television airtime in return for a fixed fee or a portion of the related ad sales recognized by the third party.
The following table presents summary results for each of our three businesses for each of fiscal 2019 , 2018 and 2017 :
(1) Cloud and license revenues presented for management reporting included revenues related to cloud and license obligations that would have otherwise been recorded by the acquired businesses as independent entities but were not recognized in our consolidated statements of operations for the periods presented due to business combination accounting requirements. See Note 9 for an explanation of these adjustments and the table below for a reconciliation of our total operating segment revenues to our total consolidated revenues as reported in our consolidated statements of operations
(2) The margins reported reflect only the direct controllable costs of each line of business and do not include allocations of product development, general and administrative and certain other allocable expenses, net. Additionally, the margins reported above do not reflect amortization of intangible assets, acquisition related and other expenses, restructuring expenses, stock-based compensation, interest expense or non-operating income, net. refer to the table below for a reconciliation of our total margin for operating segments to our income before provision for income taxes as reported per our consolidated statements of operations.
Table:
Year Ended May 31, |  |  | 
(in millions) | 2019 | 2018 | 2017
Cloud and license: |  |  | 
revenues (1) | $32,582 | $32,041 | $30,452
Cloud services and license support expenses | 3,597 | 3,441 | 2,881
Sales and marketing expenses | 7,398 | 7,213 | 6,770
Margin (2) | $21,587 | $21,387 | $20,801
Hardware: |  |  | 
revenues | $3,704 | $3,994 | $4,152
Hardware products and support expenses | 1,327 | 1,547 | 1,618
Sales and marketing expenses | 520 | 643 | 825
Margin (2) | $1,857 | $1,804 | $1,709
Services: |  |  | 
revenues | $3,240 | $3,395 | $3,359
Services expenses | 2,703 | 2,729 | 2,661
Margin (2) | $537 | $666 | $698
Totals: |  |  | 
revenues (1) | $39,526 | $39,430 | $37,963
Expenses | 15,545 | 15,573 | 14,755
Margin (2) | $23,981 | $23,857 | $23,208


Question: How much was the total revenue for cloud and license business and services business in 2019?
Answer: 35822
Calculation: 3,240+32,582
Note 5: Equity-based Compensation Plans
The Company has stock plans that provide for grants of equity-based awards to eligible participants, including stock options and restricted stock units, of the Company’s Common Stock. An option is a right to purchase Common Stock at a set price. An RSU award is an agreement to issue a set number of shares of Common Stock at the time of vesting. The Company’s options and RSU awards typically vest over a period of three years or less. The Company also has an employee stock purchase plan that allows employees to purchase its Common Stock at a discount through payroll deductions.
The Lam Research Corporation 2007 Stock Incentive Plan, as amended and restated, 2011 Stock Incentive Plan, as amended and restated, and the 2015 Stock Incentive Plan (collectively the “Stock Plans”), provide for the grant of non-qualified equity-based awards to eligible employees, consultants and advisors, and non-employee directors of the Company and its subsidiaries. The 2015 Stock Incentive Plan was approved by shareholders authorizing up to 18,000,000 shares available for issuance under the plan. Additionally, 1,232,068 shares that remained available for grants under the Company’s 2007 Stock Incentive Plan were added to the shares available for issuance under the 2015 Stock Incentive Plan. As of June 30, 2019, there were a total of 9,379,904 shares available for future issuance under the Stock Plans. New shares are issued from the Company’s balance of authorized Common Stock from the 2015 Stock Incentive Plan to satisfy stock option exercises and vesting of awards.
The Company recognized the following equity-based compensation expense and benefits in the Consolidated Statements of Operations:
The estimated fair value of the Company’s equity-based awards, less expected forfeitures, is amortized over the awards’ vesting terms on a straight-line basis.
Table:
 |  | YearEnded | 
 | June 30, 2019 | June 24, 2018 | June 25, 2017
 |  | (in thousands) | 
Equity-based compensation expense | $187,234 | $172,216 | $149,975
Income tax benefit recognized related to equity-based compensation | $47,396 | $87,505 | $38,381
Income tax benefit realized from the exercise and vesting of options and RSUs | $49,242 | $90,297 | $92,749


Question: What is the employee stock purchase plan?
Answer: allows employees to purchase its Common Stock at a discount through payroll deductions
Fiscal 2018 Restructuring Plan
During Fiscal 2018 and in the context of our acquisitions of Covisint, Guidance and Hightail (each defined below), we began to implement restructuring activities to streamline our operations (collectively referred to as the Fiscal 2018 Restructuring Plan). The Fiscal 2018 Restructuring Plan charges relate to workforce reductions and facility consolidations. These charges require management to make certain judgments and estimates regarding the amount and timing of restructuring charges or recoveries. Our estimated liability could change subsequent to its recognition, requiring adjustments to the expense and the liability recorded. On a quarterly basis, we conduct an evaluation of the related liabilities and expenses and revise our assumptions and estimates as appropriate.
Since the inception of the plan, approximately $10.7 million has been recorded within "Special charges (recoveries)" to date. We do not expect to incur any further significant charges relating to this plan.
A reconciliation of the beginning and ending liability for the year ended June 30, 2019 and 2018 is shown below.
Table:
Fiscal 2018 Restructuring Plan | Workforce reduction | Facility costs | Total
Balance payable as at June 30, 2017 | $— | $— | $—
Accruals and adjustments | 8,511 | 1,643 | 10,154
Cash payments | (8,845) | (489) | (9,334)
Foreign exchange and other non-cash adjustments | 892 | 11 | 903
Balance payable as at June 30, 2018 | $558 | $1,165 | $1,723
Accruals and adjustments | (20) | 535 | 515
Cash payments | (337) | (928) | (1,265)
Foreign exchange and other non-cash adjustments | (51) | (286) | (337)
Balance payable as at June 30, 2019 | $150 | $486 | $636


Question: What does the table show?
Answer: reconciliation of the beginning and ending liability for the year ended June 30, 2019 and 2018
45. Contingent liabilities
Contingent liabilities from guarantee and warranty contracts are primarily rent guarantees with terms of up to 10 years if utilisation is not considered entirely unlikely.
Table:
€ million | 30/9/2018 | 30/9/2019
Contingent liabilities from guarantee and warranty contracts | 18 | 17
Contingent liabilities from the provision of collateral for third-party liabilities | 9 | 12
Other contingent liabilities | 0 | 1
 | 27 | 30


Question: What are the components making up the Contingent liabilities in the table?
Answer: Contingent liabilities from guarantee and warranty contracts, Contingent liabilities from the provision of collateral for third-party liabilities, Other contingent liabilities
27 Financial risk management (continued)
The table below summarises the Group’s exposure to foreign exchange risk as well as the foreign exchange rates applied:
The approximate impact of a 10 per cent appreciation in foreign exchange rates would be a positive movement of £50.0 million (2018: £63.4 million) to equity attributable to owners of the Group. The approximate impact of a 10 per cent depreciation in foreign exchange rates would be a negative movement of £40.9 million (2018: £51.9 million) to equity attributable to owners of the Group. There is no material income statement impact as these exchange differences are recognised in other comprehensive income.
As part of the strategy to mitigate the Group’s exposure to foreign exchange risk, the Group is able to borrow part of its RCF in euros, up to €100 million. The RCF borrowings denominated in euros have been designated as a hedging instrument (net investment hedge) against the Group’s net investment in Spain with the hedged risk being the changes in the euro/pounds sterling spot rate that will result in changes in the value of the Group’s net investments in Spain. At 31 December 2019, €100 million (2018: €100 million) was drawn in euros.
Table:
 | 2019 | 2018 | 2019 | 2018
 | €m | €m | INRm | INRm
Net exposure | 468.9 | 555.7 | 5,072.4 | 6,274.5
Foreign exchange rate | 1.1825 | 1.1126 | 94.4586 | 88.3432


Question: What is the net exposure to foreign exchange risk (indian rupee) in 2018?
Answer: 6,274.5