hellotayssir/FinQA_TAT-QA_financial_finetuning_dataset huggingface dataset:
BENEFIT OBLIGATION AND PLAN ASSETS FOR PENSION BENEFIT PLANS
The vested benefit obligation for a defined-benefit pension plan is the actuarial present value of the vested benefits to which the employee is currently entitled based on the employee’s expected date of separation or retirement.
1 The projected benefit obligation was approximately 35% in the U.S. and 65% outside of the U.S. as of December 28, 2019 and December 29, 2018.
2 The fair value of plan assets was approximately 55% in the U.S. and 45% outside of the U.S. as of December 28, 2019 and December 29, 2018.
3 The accumulated other comprehensive loss (income), before tax, was approximately 35% in the U.S. and 65% outside of the U.S. as of December 28, 2019 and December 29, 2018.
Changes in actuarial gains and losses in the projected benefit obligation are generally driven by discount rate movement. We use the corridor approach to amortize actuarial gains and losses. Under this approach, net actuarial gains or losses in excess of 10% of the larger of the projected benefit obligation or the fair value of plan assets are amortized on a straight-line basis.
Table:
(In Millions) | Dec 28, 2019 | Dec 29, 2018
Changes in projected benefit obligation: |  | 
Beginning projected benefit obligation | $3,433 | $3,842
Service cost | 54 | 65
Interest cost | 113 | 113
Actuarial (gain) loss | 829 | (204)
Currency exchange rate changes | (2) | (121)
Plan curtailments | — | (150)
Plan settlements | (57) | (74)
Other | (86) | (38)
Ending projected benefit obligation 1 | 4,284 | 3,433
Changes in fair value of plan assets: |  | 
Beginning fair value of plan assets | 2,551 | 2,287
Actual return on plan assets | 193 | (38)
Employer contributions | 30 | 480
Currency exchange rate changes | 3 | (62)
Plan settlements | (57) | (74)
Other | (66) | (42)
Ending fair value of plan assets 2 | 2,654 | 2,551
Net funded status | $1,630 | $882
Amounts recognized in the Consolidated Balance Sheets |  | 
Other long-term assets | $— | $244
Other long-term liabilities | $1,630 | $1,126
Accumulated other comprehensive loss (income), before tax 3 | $1,730 | $1,038


Question: How much is the percentage change of the Net funded status from 2018 to 2019?
Answer: 84.81
Calculation: (1,630 - 882) / 882
Our net sales by offering category for North America for 2019 and 2018, were as follows (dollars
in thousands):
Net sales in North America increased 12%, or $661.3 million, in 2019 compared to 2018. This increase reflects the addition of PCM, which reported $716.1 million in net sales in 2019, partially offset by a decline in net sales of the core business of $51.3 million. Net sales of hardware, software and services increased 10%, 14% and 25%, respectively, year over year.
Table:
 | North America |  | 
SalesMix | 2019 | 2018 | %Change
Hardware | $3,957,507 | $3,610,356 | 10%
Software | 1,269,983 | 1,112,715 | 14%
Services | 796,815 | 639,910 | 25%
 | $6,024,305 | $5,362,981 | 12%


Question: What is the average Sales Mix of Hardware for 2018 and 2019?
Answer: 3783931.5
Calculation: (3,957,507+3,610,356) / 2
11. Reportable Segments, Geographic Information and Major Customers
Reportable segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief
operating decision maker, or group, in assessing performance and allocating resources. The Company uses an internal management reporting system, which
provides important financial data to evaluate performance and allocate the Company’s resources on a regional basis. Net sales for the segments are attributed to the
region in which the product is manufactured or the service is performed. The services provided, manufacturing processes used, class of customers serviced and
order fulfillment processes used are similar and generally interchangeable across the segments. A segment’s performance is evaluated based upon its operating
income (loss). A segment’s operating income (loss) includes its net sales less cost of sales and selling and administrative expenses, but excludes corporate and
other expenses. Corporate and other expenses primarily represent corporate selling and administrative expenses, and restructuring costs and other charges, if any, such as the $1.7 million of restructuring costs in
fiscal 2019 and the $13.5 million one-time employee bonus paid to full-time, non-executive employees during fiscal 2018 due to the Company's ability to access
overseas cash as a result of Tax Reform (the "one-time employee bonus"). These costs are not allocated to the segments, as management excludes such costs when
assessing the performance of the segments. Inter-segment transactions are generally recorded at amounts that approximate arm’s length transactions. The
accounting policies for the segments are the same as for the Company taken as a whole.
The following information is provided in accordance with the required segment disclosures for fiscal 2019, 2018 and 2017. Net sales were based on the Company’s location providing the product or service (in thousands):
As the Company operates flexible manufacturing facilities and processes designed to accommodate customers with multiple product lines and configurations, it is impracticable to report net sales for individual products or services or groups of similar products and services.
Long-lived assets as of September 28, 2019 and September 29, 2018 exclude other long-term assets, deferred income tax assets and intangible assets, which totaled $78.4 million and $74.2 million, respectively.
Table:
 | September 28,
2019 | September 29,
2018
Long-lived assets: |  | 
United States  | $106,757 | $108,694
Malaysia  | 101,636 | 89,938
Mexico  | 73,864 | 43,078
Romania  | 31,033 | 34,316
China  | 22,378 | 21,878
United Kingdom  | 7,344 | 6,171
Other Foreign  | 6,751 | 5,646
Corporate  | 34,461 | 31,585
 | 384,224 | 341,306


Question: Which years does the table provide information for the company's long-lived assest?
Answer: 2019, 2018
TERM DEPOSITS
An analysis of the Group’s term deposits by currencies are as follows:
The effective interest rate for the term deposits of the Group with initial terms of over three months to three years during the year ended 31 December 2019 was 3.57% (2018: 4.08%).
Term deposits with initial terms of over three months were neither past due nor impaired. As at 31 December 2019, the carrying amounts of the term deposits with initial terms of over three months approximated their fair values.
Table:
 | As at 31 December | 
 | 2019 | 2018
 | RMB’Million | RMB’Million
Included in non-current assets: |  | 
RMB term deposits | 19,000 | –
Included in current assets: |  | 
RMB term deposits | 28,598 | 55,180
USD term deposits | 16,325 | 6,349
Other currencies | 1,988 | 1,389
 | 46,911 | 62,918
 | 65,911 | 62,918


Question: How much did the RMB term deposits included in current assets change by between 2018 year end and 2019 year end?
Answer: -26582
Calculation: 28,598-55,180
NAVIOS MARITIME HOLDINGS INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in thousands of U.S. dollars — except share data)
NOTE 4: CASH AND CASH EQUIVALENTS AND RESTRICTED CASH
Cash and cash equivalents and restricted cash consisted of the following:
Short-term deposits and highly liquid funds relate to amounts held in banks for general financing purposes and represent deposits with an original maturity of less than three months
Cash deposits and cash equivalents in excess of amounts covered by government-provided insurance are exposed to loss in the event of non-performance by financial institutions. Navios Holdings does maintain cash deposits and equivalents in excess of government provided insurance limits. Navios Holdings reduces exposure to credit risk by dealing with a diversified group of major financial institutions. See also Note 2(e).
Table:
 | December 31, 2019 | December 31,2018
Cash on hand and at banks | $77,041 | $131,432
Short-term deposits and highly liquid funds | 950 | 6,450
Restricted cash | 736 | 12,892
Cash and cash equivalents and restricted cash | $78,727 | $150,774


Question: What was the change in Short-term deposits and highly liquid funds between 2018 and 2019?
Answer: -5500
Calculation: 950-6,450
Note 21 Debt due within one year
(1) Includes commercial paper of $1,502 million in U.S. dollars ($1,951 million in Canadian dollars) and $2,314 million in U.S. dollars ($3,156 million in Canadian dollars) as at December 31, 2019 and December 31, 2018, respectively, which were issued under our U.S. commercial paper program and have been hedged for foreign currency fluctuations through forward currency contracts. See Note 26, Financial and capital management, for additional details.
(2) Included in long-term debt due within one year is the current portion of lease liabilities of $775 million as at December 31, 2019 and the current portion of finance leases of $466 million as at December 31, 2018.
Table:
FOR THE YEAR ENDED DECEMBER 31 | NOTE | WEIGHTED AVERAGE INTEREST RATE AT DECEMBER 31, 2019 | 2019 | 2018
Notes payable (1) | 26 | 2.03% | 1,994 | 3,201
Loans secured by trade receivables | 26 | 2.71% | 1,050 | 919
Long-term debt due within one year (2) | 22 | 4.77% | 837 | 525
Total debt due within one year |  |  | 3,881 | 4,645


Question: How are the commercial papers issued?
Answer: issued under our U.S. commercial paper program
The income tax (benefit) provision was charged to continuing operations or accumulated other comprehensive income (loss) as follows:
Prior year balances related to deferred tax assets and liabilities have been recast to net the federal effect of state taxes with the specific deferred tax asset or liability to which it relates
Table:
Year Ended December 31, |  |  | 
(dollars in millions) | 2019 | 2018 | 2017
Income tax (benefit) provision related to: |  |  | 
Continuing operations | $(10.6) | $9.4 | $26.7
Accumulated other comprehensive income (loss) | 0.2 | 1.3 | (28.3)


Question: What is the total income tax provision relate to continuing operations between 2017 to 2019?
Answer: 25.5
Calculation: $(10.6) +$9.4 +$26.7
Operating Expenses
The following table sets forth, for the periods indicated, the amount of operating expenses and their relative percentages of total net sales by the line items reflected in our consolidated statement of operations (dollars in thousands):
Table:
 | Fiscal 2019 |  | Fiscal 2018 | 
 | Amount | Percentage of total net sales | Amount | Percentage of total net sales
 |  | (Dollars in thousands) |  | 
Research and development | $117,353 | 8.2% | $132,586 | 7.0%
Selling, general and administrative | 272,257 | 19.0% | 293,632 | 15.4%
Impairment and other charges | — | —% | 766 | —%
Amortization of intangible assets | 13,760 | 1.0% | 10,690 | 0.6%
Total operating expenses | $403,370 | 28.2% | $437,674 | 23.0%


Question: In which years was operating expenses calculated?
Answer: 2019, 2018
NAVIOS MARITIME HOLDINGS INC. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Expressed in thousands of U.S. dollars — except share data)
NOTE 6: PREPAID EXPENSES AND OTHER CURRENT ASSETS
Prepaid expenses and other current assets consisted of the following:
Claims receivable mainly represents claims against vessels’ insurance underwriters in respect of damages arising from accidents or other insured risks, as well as claims under charter contracts including off-hires. While it is anticipated that claims receivable will be recovered within one year, such claims may not all be recovered within one year due to the attendant process of settlement. Nonetheless, amounts are classified as current as they represent amounts currently due to the Company. All amounts are shown net of applicable deductibles.
As of December 31, 2018, claims receivable include $11,571 related to insurance claim at the iron ore port terminal in Nueva Palmira, Uruguay.
Table:
 | December 31, 2019 | December 31, 2018
Prepaid voyage and operating costs | $5,726 | $9,261
Claims receivable | 3,826 | 22,224
Prepaid other taxes | 1,012 | 2,682
Advances for working capital purposes | — | 18
Other | 1,675 | 6,005
Total prepaid expenses and other current assets | $12,239 | $40,190


Question: What was the change in claims receivable between 2018 and 2019?
Answer: -18398
Calculation: 3,826-22,224
Derivative Instruments
Derivative Instruments with Hedge Accounting Designation
We utilize currency forward contracts that generally mature within 12 months to hedge our exposure to changes in currency exchange rates. Currency forward contracts are measured at fair value based on market-based observable inputs including currency exchange spot and forward rates, interest rates, and credit-risk spreads (Level 2). We do not use derivative instruments for speculative purposes.
Cash Flow Hedges: We utilize cash flow hedges for our exposure from changes in currency exchange rates for certain capital expenditures. We recognized losses of $3 million and $17 million and gains of $15 million for 2019, 2018, and 2017, respectively, in accumulated other comprehensive income from the effective portion of cash flow hedges. Neither the amount excluded from hedge effectiveness nor the reclassifications from accumulated other comprehensive income to earnings were material in 2019, 2018, or 2017. The amounts from cash flow hedges included in accumulated other comprehensive income that are expected to be reclassified into earnings in the next 12 months were also not material.
(1) Included in receivables – other.
(2) Included in accounts payable and accrued expenses – other for forward contracts and in current debt for convertible notes settlement obligations.
(3) Notional amounts of convertible notes settlement obligations as of August 29, 2019 and August 30, 2018 were 4 million and 3 million shares of our common stock, respectively.
Table:
 |  | Fair Value of | 
 | Gross National Amount | Current Assets(1) | Current Liabilities(2)
As of August 29, 2019 |  |  | 
Derivative instruments with hedge accounting designation |  |  | 
Cash flow currency hedges | $146 | $1 | $—
Derivative instruments without hedge accounting designation |  |  | 
Non-designated currency hedges | 1,871 | 1 | (9)
Convertible notes settlement obligation(3) |  | — | (179)
 |  | 1 | (188)
 |  | $2 | $(188)
As of August 30, 2018 |  |  | 
Derivative instruments with hedge accounting designation |  |  | 
Cash flow currency hedges | $538 | $— | $(13)
Derivative instruments without hedge accounting designation |  |  | 
Non-designated currency hedges | 1,919 | 14 | (10)
Convertible notes settlement obligation(3) |  | — | (167)
 |  | 14 | (177)
 |  | $14 | $(190)


Question: How does the company utilize its cash flow hedges?
Answer: for our exposure from changes in currency exchange rates for certain capital expenditures
Intangible assets
Intangible assets include the value assigned to completed technologies, customer relationships, and trade names. The estimated useful lives for all of these intangible assets, range from two to seven years. Intangible assets as of September 30, 2019 and 2018 are summarized as follows(amounts shown in thousands, except for years):
Amortization expense related to acquired intangible assets was $7.0 million, $4.0 million, and $0.6 million for fiscal years ended September 30, 2019, 2018, and 2017, respectively and is recorded in acquisition-related costs and expenses in the consolidated statements of operations.
Table:
September 30, 2019: | Weighted Average Amortization Period | Cost | Accumulated Amortization | Net
Completed technologies | 6.4 years | $20,341 | $7,104 | $13,237
Customer relationships | 4.8 years | 17,628 | 6,701 | 10,927
Trade names | 4.5 years | 618 | 377 | 241
Total intangible assets |  | $38,587 | $14,182 | $24,405


Question: What is the average net value of the three categories of intangible assets in 2019?
Answer: 8135
Calculation: (13,237+10,927+241)/3
Other Defined Benefit Plans
We maintain various defined benefit plans to provide termination and postretirement benefits to certain eligible employees outside of the U.S. We also provide disability benefits to certain eligible employees in the U.S. Eligibility is determined based on the terms of our plans and local statutory requirements.
Funded Status
The funded status of our postretirement health care and other defined benefit plans, which is recognized in other long-term liabilities in our consolidated balance sheets, was as follows (in millions):
Table:
 | April 26, 2019 | April 27, 2018
Fair value of plan assets | $ 31 | $ 25
Benefit obligations | (61) | (53)
Unfunded obligations | $(30) | $(28)


Question: What was the percentage change in unfunded obligations between 2018 and 2019?
Answer: 7.14
Calculation: (-30-(-28))/-28
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share data)
NOTE 20 — Geographic Data
Financial information relating to our operations by geographic area were as follows:
Sales are attributed to countries based upon the origin of the sale.
Table:
 |  | Years Ended December 31, | 
Net Sales | 2019 | 2018 | 2017
United States | $279,904 | $313,489 | $287,092
Singapore | 32,957 | 6,724 | 5,596
Taiwan | 19,810 | 20,802 | 18,586
China | 87,342 | 79,380 | 66,510
Czech Republic | 33,214 | 36,528 | 34,476
Other non-U.S. | 15,772 | 13,560 | 10,733
Consolidated net sales | $468,999 | $470,483 | $422,993


Question: How many years did the net sales from Singapore exceed $10,000 thousand?
Answer: 1
Calculation: 2019
(1) Using the euro per US dollar exchange rate on December 31, 2019 of €1 = $1.1213.
(2) Since May 23, 2019 Mr. Manzi has not been a member of the Supervisory Board.
(3) Global indirect employees are all employees other than those directly manufacturing our products.
We do not have any service agreements with members of our Supervisory Board. We did not extend any loans or overdrafts to any of our Supervisory Board members. Furthermore, we have not guaranteed any debts or concluded any leases with any of our Supervisory Board members or their families.
Table:
 | 2019 | 2018 | 2017
Directors' remuneration |  |  | 
Average remuneration of Supervisory Board Members(1) | $105,066(2) | $ 115,618 | $ 123,281
Company's performance |  |  | 
Net revenues (amounts in millions) | $ 9,556 | $ 9,664 | $ 8,347
Operating income (amounts in millions) | $ 1,203 | $ 1,400 | $ 1,005
Average remuneration of all global indirect employees (FTE basis) (3) |  |  | 
Employees | $ 97,300 | $ 100,600 | $ 93,500


Question: What was the increase / (decrease) in the Average remuneration of Supervisory Board Members from 2018 to 2019?
Answer: -10552
Calculation: 105,066 - 115,618
Reconciliation of net voyage revenues to voyage revenues:
(1) Vessel Calendar Days is the total number of days the vessels were in our fleet.
(2) Time Charter Equivalent ("TCE") Rate, results from Net Voyage Revenue divided by total TCE days.
Table:
 |  | Years Ended December 31,     | 
All figures in USD '000, except TCE rate per day  | 2018 | 2017 | Variance 
Voyage Revenue   | 289,016 | 297,141 | (2.7%)
Less Voyage expenses   | (165,012) | (142,465) | 15.8%
Net Voyage Revenue   | 124,004 | 154,676 | (19.8%)
Vessel Calendar Days (1)   | 9,747 | 10,892 | (10.5%)
Less off-hire days   | 277 | 867 | (68.1%)
Total TCE days   | 9,470 | 10,025 | (5.5%)
TCE Rate per day (2)  | $13,095 | $15,428 | (15.1%)
Total Days for vessel operating expenses   | 9,747 | 10,892 | (10.5%)


Question: What is the value of the voyage expenses in 2017 as a percentage of the expenses in 2018?
Answer: 86.34
Calculation: 142,465/165,012
Share-based payments
Disclosures of the share-based payments offered to employees are set out below. More detail on each scheme is given in the Annual Report on Remuneration 2019 on pages 102 to 132. The charge to the Income Statement in respect of share-based payments is made up as follows:
Table:
 | 2019 | 2018
 | £m | £m
Performance Share Plan | 5.1 | 4.7
Employee Share Ownership Plan | 1.1 | 1.0
Total expense recognised in Income Statement | 6.2 | 5.7


Question: What are the types of plans for the share-based payments offered to employees in the table?
Answer: Performance Share Plan, Employee Share Ownership Plan
20. Net Loss Per Share
The Company intends to settle the principal of the Convertible Notes in cash on conversion and calculates diluted earnings per share using the treasury-stock method. Stock-based awards and the conversion feature on the Convertible Notes that have an anti-dilutive effect on the calculation of diluted loss per common share, are excluded from this calculation.
For the years ended December 31, 2019, 2018 and 2017, the number of Common Stock from stock-based awards and the conversion feature on the Convertible Notes that had an anti-dilutive effect on the calculation of diluted earnings per common share were 3.5 million, 4.0 million and 3.6 million respectively.
In periods where a loss attributable to shareholders has been incurred all stock-based awards and the conversion feature on the Convertible Notes are anti-dilutive.
Table:
 |  | Year Ended December 31, | 
 | 2019 | 2018 | 2017
 | $ | $ | $
Net loss attributable to shareholders of Teekay Corporation for basic loss per share | (310,577) | (79,237) | (163,276)
Reduction in net earnings due to dilutive impact of stock-based compensation in Teekay LNG, Altera and Teekay Tankers and stock purchase warrants in Altera | — | — | (90)
Net loss attributable to shareholders of Teekay Corporation for diluted loss per share | (310,577) | (79,237) | (163,366)
Weighted average number of common shares | 100,719,224 | 99,670,176 | 86,335,473
Dilutive effect of stock-based compensation | — | — | —
Common stock and common stock equivalents | 100,719,224 | 99,670,176 | 86,335,473
Loss per common share - basic and diluted | (3.08) | (0.79) | (1.89)


Question: What is the increase/ (decrease) in Net loss attributable to shareholders of Teekay Corporation for basic loss per share from 2018 to 2019?
Answer: 231340
Calculation: 310,577-79,237
Operating Expenses
The following table sets forth, for the periods indicated, the amount of operating expenses and their relative percentages of total net sales by the line items reflected in our consolidated statement of operations (dollars in thousands):
Table:
 | Fiscal 2019 |  | Fiscal 2018 | 
 | Amount | Percentage of total net sales | Amount | Percentage of total net sales
 |  | (Dollars in thousands) |  | 
Research and development | $117,353 | 8.2% | $132,586 | 7.0%
Selling, general and administrative | 272,257 | 19.0% | 293,632 | 15.4%
Impairment and other charges | — | —% | 766 | —%
Amortization of intangible assets | 13,760 | 1.0% | 10,690 | 0.6%
Total operating expenses | $403,370 | 28.2% | $437,674 | 23.0%


Question: What was total operating expenses in 2019?
Answer: $403,370
9. Pensions continued
Defined benefit plans continued
iii) Amount, timing and uncertainty of future cash flows continued
The liability has the following duration and maturity:
Table:
 | 2019 | 2018
Weighted average duration of the defined benefit obligation (years) | 14 | 15
Maturity analysis of benefit payments (non-discounted amounts) $ million |  | 
Maturity ≤ 1 year | 10.8 | 10.4
Maturity > 1 ≤ 5 years | 45.6 | 43.2
Maturity > 5 ≤ 10 years | 61.7 | 119.0
Maturity > 10 ≤ 20 years | 114.3 | 103.0
Maturity > 20 ≤ 30 years | 81.7 | 68.0
Maturity > 30 years | 63.0 | 42.9


Question: What are the categories of maturity used in the Maturity analysis of benefit payments (non-discounted amounts)?
Answer: Maturity ≤ 1 year, Maturity > 1 ≤ 5 years, Maturity > 5 ≤ 10 years, Maturity > 10 ≤ 20 years, Maturity > 20 ≤ 30 years, Maturity > 30 years