trismik/FinRAG huggingface dataset:
on may 20 , 2015 , aon plc issued $ 600 million of 4.750% ( 4.750 % ) senior notes due may 2045 .
the 4.750% ( 4.750 % ) notes due may 2045 are fully and unconditionally guaranteed by aon corporation .
we used the proceeds of the issuance for general corporate purposes .
on september 30 , 2015 , $ 600 million of 3.50% ( 3.50 % ) senior notes issued by aon corporation matured and were repaid .
on november 13 , 2015 , aon plc issued $ 400 million of 2.80% ( 2.80 % ) senior notes due march 2021 .
the 2.80% ( 2.80 % ) notes due march 2021 are fully and unconditionally guaranteed by aon corporation .
we used the proceeds of the issuance for general corporate purposes .
credit facilities as of december 31 , 2015 , we had two committed credit facilities outstanding : our $ 400 million u.s .
credit facility expiring in march 2017 ( the "2017 facility" ) and $ 900 million multi-currency u.s .
credit facility expiring in february 2020 ( the "2020 facility" ) .
the 2020 facility was entered into on february 2 , 2015 and replaced the previous 20ac650 million european credit facility .
each of these facilities is intended to support our commercial paper obligations and our general working capital needs .
in addition , each of these facilities includes customary representations , warranties and covenants , including financial covenants that require us to maintain specified ratios of adjusted consolidated ebitda to consolidated interest expense and consolidated debt to adjusted consolidated ebitda , tested quarterly .
at december 31 , 2015 , we did not have borrowings under either the 2017 facility or the 2020 facility , and we were in compliance with the financial covenants and all other covenants contained therein during the twelve months ended december 31 , 2015 .
effective february 2 , 2016 , the 2020 facility terms were extended for 1 year and will expire in february 2021 our total debt-to-ebitda ratio at december 31 , 2015 and 2014 , is calculated as follows: .

Years Ended December 31,
2015
2014
Net income
1,422
1,431
Interest expense
273
255
Income taxes
267
334
Depreciation of fixed assets
229
242
Amortization of intangible assets
314
352
Total EBITDA
2,505
2,614
Total Debt
5,737
5,582
Total debt-to-EBITDA ratio
2.3
2.1

we use ebitda , as defined by our financial covenants , as a non-gaap measure .
this supplemental information related to ebitda represents a measure not in accordance with u.s .
gaap and should be viewed in addition to , not instead of , our consolidated financial statements and notes thereto .
shelf registration statement on september 3 , 2015 , we filed a shelf registration statement with the sec , registering the offer and sale from time to time of an indeterminate amount of , among other securities , debt securities , preference shares , class a ordinary shares and convertible securities .
our ability to access the market as a source of liquidity is dependent on investor demand , market conditions and other factors. .

Question: Analyse this data from a financial earnings document. what was the percent of the change in the interest expense from 2014 to 2015
Choices:
2.07059
0.02353
9
18
0.07059
Correct choice index: 4
issuer purchases of equity securities during the three months ended december 31 , 2007 , we repurchased 8895570 shares of our class a common stock for an aggregate of $ 385.1 million pursuant to the $ 1.5 billion stock repurchase program publicly announced in february 2007 , as follows : period total number of shares purchased ( 1 ) average price paid per share total number of shares purchased as part of publicly announced plans or programs approximate dollar value of shares that may yet be purchased under the plans or programs ( in millions ) .

Period
Total Number of Shares Purchased(1)
Average Price Paid per Share
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs  (In millions)
October 2007
3,493,426
$43.30
3,493,426
$449.9
November 2007
2,891,719
$44.16
2,891,719
$322.2
December 2007
2,510,425
$44.20
2,510,425
$216.2
Total Fourth Quarter
8,895,570
$43.27
8,895,570
$216.2

( 1 ) issuer repurchases pursuant to the $ 1.5 billion stock repurchase program publicly announced in february 2007 .
under this program , our management was authorized through february 2008 to purchase shares from time to time through open market purchases or privately negotiated transactions at prevailing prices as permitted by securities laws and other legal requirements , and subject to market conditions and other factors .
to facilitate repurchases , we typically made purchases pursuant to trading plans under rule 10b5-1 of the exchange act , which allow us to repurchase shares during periods when we otherwise might be prevented from doing so under insider trading laws or because of self-imposed trading blackout periods .
subsequent to december 31 , 2007 , we repurchased 4.3 million shares of our class a common stock for an aggregate of $ 163.7 million pursuant to this program .
in february 2008 , our board of directors approved a new stock repurchase program , pursuant to which we are authorized to purchase up to an additional $ 1.5 billion of our class a common stock .
purchases under this stock repurchase program are subject to us having available cash to fund repurchases , as further described in item 1a of this annual report under the caption 201crisk factors 2014we anticipate that we may need additional financing to fund our stock repurchase programs , to refinance our existing indebtedness and to fund future growth and expansion initiatives 201d and item 7 of this annual report under the caption 201cmanagement 2019s discussion and analysis of financial condition and results of operations 2014liquidity and capital resources . 201d .

Question: Analyse this data from a financial earnings document. in q1 2008 , what was the average cost per share for repurchased shares in that quarter?
Choices:
1903488.37209
5.67905
-0.23252
0.00002
38.06977
Correct choice index: 4
Return on Invested Capital ("ROIC") and Economic Return. We use a financial model that is aligned with our business strategy and includes a ROIC goal of 500 basis points over our weighted average cost of capital ("WACC"), which we refer to as "Economic Return." Our primary focus is on our Economic Return goal of 5.0%, which is designed to create shareholder value and generate sufficient cash to self-fund our targeted organic revenue growth rate of 12.0%. ROIC and Economic Return are non-GAAP financial measures.
Non-GAAP financial measures, including ROIC and Economic Return, are used for internal management goals and decision making because such measures provide management and investors additional insight into financial performance. In particular, we provide ROIC and Economic Return because we believe they offer insight into the metrics that are driving management decisions because we view ROIC and Economic Return as important measures in evaluating the efficiency and effectiveness of our long-term capital requirements. We also use a derivative measure of ROIC as a performance criteria in determining certain elements of compensation, and certain compensation incentives are based on Economic Return performance.
We define ROIC as tax-effected operating income before restructuring and other special items divided by average invested capital over a rolling five-quarter period for the fiscal year. Invested capital is defined as equity plus debt, less cash and cash equivalents. Other companies may not define or calculate ROIC in the same way. ROIC and other non-GAAP financial measures should be considered in addition to, not as a substitute for, measures of our financial performance prepared in accordance with U.S. generally accepted accounting principles ("GAAP").
We review our internal calculation of WACC annually. Our WACC was 9.0% for fiscal year 2019 and 9.5% for fiscal year 2018. By exercising discipline to generate ROIC in excess of our WACC, our goal is to create value for our shareholders. Fiscal 2019 ROIC of 13.1% reflects an Economic Return of 4.1%, based on our weighted average cost of capital of 9.0%, and fiscal 2018 ROIC of 16.1% reflects an Economic Return of 6.6%, based on our weighted average cost of capital of 9.5% for that fiscal year.
For a reconciliation of ROIC, Economic Return and adjusted operating income (tax effected) to our financial statements that were prepared using GAAP, see Exhibit 99.1 to this annual report on Form 10-K, which exhibit is incorporated herein by reference.
Refer to the table below, which includes the calculation of ROIC and Economic Return (dollars in millions) for the indicated periods:

2019
2018
Adjusted operating income (tax effected)
$120.7
$118.6
Average invested capital
923.1
$735.6
After-tax ROIC 
13.1%
16.1%
WACC 
9.0%
9.5%
Economic Return 
4.1%
6.6%


Question: Analyse this data from a financial earnings document. What was the percentage change in the WACC between 2018 and 2019?
Choices:
-0.5
-1
8.8
8.9
0.5
Correct choice index: 0
Gross Profit
Gross profit in fiscal year 2018 increased to $382.3 million, or 17.7 percent of net sales from $300.8 million, or 16.7 percent of net sales for fiscal year 2017. Excluding the impact of the surcharge revenue, our gross margin in fiscal year 2018 was 21.3 percent compared to 19.3 percent in fiscal year 2017. The results reflect the impact of stronger demand and improved product mix coupled with operating cost improvements compared to fiscal year 2017.
Our surcharge mechanism is structured to recover increases in raw material costs, although in certain cases with a lag effect as discussed above. While the surcharge generally protects the absolute gross profit dollars, it does have a dilutive effect on gross margin as a percent of sales. The following represents a summary of the dilutive impact of the surcharge on gross margin. We present and discuss these financial measures because management believes removing the impact of surcharge provides a more consistent and meaningful basis for comparing results of operations from period to period. See the section “Non-GAAP Financial Measures” below for further discussion of these financial measures.

Fiscal Year
($ in millions)
2018
2017
Net sales
$2,157.7
$1,797.6
Less: surcharge revenue
365.4
239.2
Net sales excluding surcharge revenue
$1,792.3
$1,558.4
Gross profit
$382.3
$300.8
Gross margin
17.7%
16.7%
Gross margin excluding surcharge revenue
21.3%
19.3%


Question: Analyse this data from a financial earnings document. What was the change in gross profit in 2018 from 2017?
Choices:
683.1
64.6
364.6
81.5
114995.8
Correct choice index: 3
The following table summarizes information regarding shares of common stock granted and vested (in thousands, except per common stock amounts):
As of December 31, 2019, there was $0.2 million of total unrecognized compensation cost, net of actual forfeitures, related to nonvested common stock. This cost is expected to be recognized over a weighted average period of 4.2 years.

Years Ended December 31,
2019
2018
2017
Number of shares of common stock granted
16
16
13
Weighted average grant-date fair value per common stock
$29.10
$28.48
$30.49
Fair value of common stock vested
$320
$315
$334
Cash used to settle the obligation
$366
$804
$1,134


Question: Analyse this data from a financial earnings document. What was the change in Fair value of common stock vested in 2019 from 2018?
Choices:
-484
1600
5
635
-299
Correct choice index: 2
The following table includes additional fair value information on financial assets and liabilities as at December 31, 2019 and 2018:
(1) Cash equivalents primarily correspond to deposits at call with banks.
(2) The carrying amount of the senior unsecured convertible bonds as reported above corresponds to the liability component only. For the convertible bonds issued on July 3, 2017 and outstanding as at December 31, 2017, the carrying amount of the senior unsecured convertible bonds corresponds to the liability component only, since, at initial recognition, an amount of $242 million was recorded directly in shareholders’ equity as the value of the equity instrument embedded in the convertible instrument.

2019
2019
2019
2018
2018
Level
Carrying Amount
Estimated Fair Value
Carrying Amount
Estimated Fair Value
Cash equivalents (1)
1
1,691
1,691
2,138
2,138
Long-term debt
– Bank loans (including current portion)
2
718
718
594
594
– Senior unsecured convertible bonds (2)
1
1,354
2,103
1,316
1,501


Question: Analyse this data from a financial earnings document. What is the increase/ (decrease) in Bank loans (including current portion) of Carrying Amount from 2018 to 2019?
Choices:
1
124
1312
17
716
Correct choice index: 1
table of contents the following table discloses purchases of shares of our common stock made by us or on our behalf during the fourth quarter of 2017 .
period total number of shares purchased average price paid per share total number of shares not purchased as part of publicly announced plans or programs ( a ) total number of shares purchased as part of publicly announced plans or programs approximate dollar value of shares that may yet be purchased under the plans or programs ( b ) .

Period
Total Numberof SharesPurchased
AveragePrice Paidper Share
Total Number ofShares NotPurchased as Part ofPublicly AnnouncedPlans or Programs (a)
Total Number ofShares Purchased asPart of PubliclyAnnounced Plans orPrograms
Approximate DollarValue of Shares thatMay Yet Be PurchasedUnder the Plans orPrograms (b)
October 2017
515,762
$77.15
292,145
223,617
$1.6 billion
November 2017
2,186,889
$81.21
216,415
1,970,474
$1.4 billion
December 2017
2,330,263
$87.76
798
2,329,465
$1.2 billion
Total
5,032,914
$83.83
509,358
4,523,556
$1.2 billion

( a ) the shares reported in this column represent purchases settled in the fourth quarter of 2017 relating to ( i ) our purchases of shares in open-market transactions to meet our obligations under stock-based compensation plans , and ( ii ) our purchases of shares from our employees and non-employee directors in connection with the exercise of stock options , the vesting of restricted stock , and other stock compensation transactions in accordance with the terms of our stock-based compensation plans .
( b ) on september 21 , 2016 , we announced that our board of directors authorized our purchase of up to $ 2.5 billion of our outstanding common stock ( the 2016 program ) with no expiration date .
as of december 31 , 2017 , we had $ 1.2 billion remaining available for purchase under the 2016 program .
on january 23 , 2018 , we announced that our board of directors authorized our purchase of up to an additional $ 2.5 billion of our outstanding common stock with no expiration date. .

Question: Analyse this data from a financial earnings document. by what percentage did the share price increase from october to november 2017?
Choices:
313.229
0.05262
2.05262
216415.05262
0.04999
Correct choice index: 1
Property and equipment, net by geographic location consists of the following:
(1) Includes amounts capitalized related to the Company’s U.S. build-to-suit facility of $41.8 million and $39.4 million as of March 31, 2019 and 2018, respectively.
(2) Includes amounts capitalized related to the Company’s U.K. build-to-suit facility of $31.2 million as of March 31, 2018. In March 2019, the Company derecognized the U.K. build-to-suit facility upon substantial completion of construction. See Note 12 for further details.

As of March 31,
2019
2018
United States (1) 
$62,455
$62,064
United Kingdom (2)  
17,402
46,664
South Africa  
6,170
6,512
Australia  
3,481
3,953
Other  
4,694
4,629
Total 
$94,202
$123,822


Question: Analyse this data from a financial earnings document. What is the change in Property and equipment, net in United States from Year Ending March 31, 2018 to 2019?
Choices:
58502
391
124519
15791
45053
Correct choice index: 1
The following is a roll forward of accrued restructuring charges for fiscal 2019 and fiscal 2018 (in millions):
The liability for restructuring and other exit costs of $47.8 million is included in accrued liabilities and other long-term liabilities, on the Company's consolidated balance sheets as of March 31, 2019.

Restructuring
Non-Restructuring
Employee Separation Costs
Exit Costs
Exit Costs
Total
Balance at March 31, 2017
$5.4
$34.8
$—
$40.2
Charges
1.2
0.7
20.0
21.9
Payments
(5.9)
(9.2)
(0.9)
(16.0)
Non-cash - Other
(0.2)
1.0
—
0.8
Changes in foreign exchange rates
0.3
—
—
0.3
Balance at March 31, 2018
0.8
27.3
19.1
47.2
Additions due to Microsemi acquisition
10.4
9.0
—
19.4
Charges
48.9
(4.7)
—
44.2
Payments
(47.1)
(13.1)
(4.1)
(64.3)
Non-cash - Other
—
0.7
0.7
1.4
Changes in foreign exchange rates
(0.1)
—
—
(0.1)
Balance at March 31, 2019
$12.9
$19.2
$15.7
$47.8
Current
$26.9
Non-current
20.9
Total
$47.8


Question: Analyse this data from a financial earnings document. What was the change in restructuring exit costs for Charges between 2017 and 2018?
Choices:
26.5
74.4
18.6
26.6
0
Correct choice index: 3
Interest income (expense), net consisted of the following:
Interest income is related to the cash and cash equivalents held by the Company. Interest expense recorded in 2019, 2018 and 2017 included respectively a charge of $39 million, $38 million and $37 million on the senior unsecured convertible bonds issued in July 2017 and July 2014, of which respectively $37 million, $36 million and $33 million was a non-cash interest expense resulting from the accretion of the discount on the liability component. Net interest includes also charges related to the banking fees and the sale of trade and other receivables.
No borrowing cost was capitalized in 2019, 2018 and 2017. Interest income on government bonds and floating rate notes classified as available-for-sale marketable securities amounted to $6 million for the year ended December 31, 2019, $6 million for the year ended December 31, 2018 and $6 million for the year ended December 31, 2017.

Year ended December 31, 2019
Year ended December 31, 2018
Year ended December 31, 2017
Income
55
47
30
Expense
(54)
(54)
(52)
Total
1
(7)
(22)


Question: Analyse this data from a financial earnings document. What is the average Income?
Choices:
13
41
47
45
44
Correct choice index: 4
Note 7 — Inventories, net
Inventories are used in the manufacture and service of Restaurant/Retail products. The components of inventory, net consist of the following:
At December 31, 2019 and 2018, the Company had recorded inventory write-downs of $9.6 million and $9.8 million , respectively, against Restaurant/Retail inventories, which relate primarily to service parts.

December 31,
(in thousands)
2019
2018
Finished Goods
$8,320
$12,472
Work in process
—
67
Component parts
6,768
4,716
Service parts
4,238
5,482
$19,326
$22,737


Question: Analyse this data from a financial earnings document. What is the average Finished Goods for December 31, 2018 and 2019?
Choices:
2970
10396
5
8320
-2076
Correct choice index: 1
The tax effect of temporary differences and carryforwards that give rise to significant portions of deferred tax assets and liabilities consisted of the following:
The liability for gross unrecognized tax benefits at May 26, 2019 was $44.1 million, excluding a related liability of $11.7 million for gross interest and penalties. Included in the balance at May 26, 2019 are $1.0 million of tax positions for which the ultimate deductibility is highly certain but for which there is uncertainty about the timing of such deductibility. Because of the impact of deferred tax accounting, the disallowance of the shorter deductibility period would not affect the annual effective tax rate but would accelerate the payment of cash to the taxing authority to an earlier period. Any associated interest and penalties imposed would affect the tax rate. As of May 27, 2018, our gross liability for unrecognized tax benefits was $32.5 million, excluding a related liability of $7.7 million for gross interest and penalties. Interest and penalties recognized in the Consolidated Statements of Operations was an expense of $1.2 million in fiscal 2019, an expense of $1.6 million in fiscal 2018, and a benefit of $0.3 million in fiscal 2017.
Notes to Consolidated Financial Statements - (Continued) Fiscal Years Ended May 26, 2019, May 27, 2018, and May 28, 2017 (columnar dollars in millions except per share amounts)

May 26, 2019
May 27, 2018
Assets
Liabilities
Assets
Liabilities
Property, plant and equipment
$—
$240.7
$—
$141.0
Inventory
15.2
—
2.6
—
Goodwill, trademarks and other intangible assets
—
1,187.0
—
406.2
Accrued expenses
11.8
—
15.5
—
Compensation related liabilities
35.9
—
34.1
—
Pension and other postretirement benefits
54.6
—
45.8
—
Investment in unconsolidated subsidiaries
—
185.4
—
165.8
Other liabilities that will give rise to future tax deductions
123.5
—
109.7
—
Net capital and operating loss carryforwards
766.5
—
762.5
—
Federal credits
18.0
—
3.5
—
Other
37.6
24.0
23.6
9.5
1,063.1
1,637.1
997.3
722.5
Less: Valuation allowance
(738.1)
—
(739.6)
—
Net deferred taxes
$325.0
$1,637.1
$257.7
$722.5


Question: Analyse this data from a financial earnings document. What is the percentage change in the deferred tax assets of accrued expenses as well as federal credits of 2019 compared to 2018?
Choices:
56.84
64.64
59.36
62.36
0.57
Correct choice index: 0
note 9 2014 benefit plans the company has defined benefit pension plans covering certain employees in the united states and certain international locations .
postretirement healthcare and life insurance benefits provided to qualifying domestic retirees as well as other postretirement benefit plans in international countries are not material .
the measurement date used for the company 2019s employee benefit plans is september 30 .
effective january 1 , 2018 , the legacy u.s .
pension plan was frozen to limit the participation of employees who are hired or re-hired by the company , or who transfer employment to the company , on or after january 1 , net pension cost for the years ended september 30 included the following components: .

Pension Plans
(Millions of dollars)
2019
2018
2017
Service cost
$134
$136
$110
Interest cost
107
90
61
Expected return on plan assets
( 180)
( 154)
( 112)
Amortization of prior service credit
( 13)
( 13)
( 14)
Amortization of loss
78
78
92
Settlements
10
2
—
Net pension cost
$135
$137
$138
Net pension cost included in the preceding table that is attributable to international plans
$32
$34
$43

net pension cost included in the preceding table that is attributable to international plans $ 32 $ 34 $ 43 the amounts provided above for amortization of prior service credit and amortization of loss represent the reclassifications of prior service credits and net actuarial losses that were recognized in accumulated other comprehensive income ( loss ) in prior periods .
the settlement losses recorded in 2019 and 2018 primarily included lump sum benefit payments associated with the company 2019s u.s .
supplemental pension plan .
the company recognizes pension settlements when payments from the supplemental plan exceed the sum of service and interest cost components of net periodic pension cost associated with this plan for the fiscal year .
as further discussed in note 2 , upon adopting an accounting standard update on october 1 , 2018 , all components of the company 2019s net periodic pension and postretirement benefit costs , aside from service cost , are recorded to other income ( expense ) , net on its consolidated statements of income , for all periods presented .
notes to consolidated financial statements 2014 ( continued ) becton , dickinson and company .

Question: Analyse this data from a financial earnings document. what is the percentage increase in service costs from 2017 to 2018?
Choices:
-84
0.00174
0.23636
0.28889
1
Correct choice index: 2