wandb/finqa-data-processed huggingface dataset:
jpmorgan chase & co./2010 annual report 281 pledged assets at december 31 , 2010 , assets were pledged to collateralize repur- chase agreements , other securities financing agreements , derivative transactions and for other purposes , including to secure borrowings and public deposits . certain of these pledged assets may be sold or repledged by the secured parties and are identified as financial instruments owned ( pledged to various parties ) on the consoli- dated balance sheets . in addition , at december 31 , 2010 and 2009 , the firm had pledged $ 288.7 billion and $ 344.6 billion , respectively , of financial instruments it owns that may not be sold or repledged by the secured parties . the significant components of the firm 2019s pledged assets were as follows. .

december 31 ( in billions )	2010	2009
securities	$ 112.1	$ 155.3
loans	214.8	285.5
trading assets and other	123.2	84.6
totalassetspledged ( a )	$ 450.1	$ 525.4

total assets pledged ( a ) $ 450.1 $ 525.4 ( a ) total assets pledged do not include assets of consolidated vies ; these assets are used to settle the liabilities of those entities . see note 16 on pages 244 2013 259 of this annual report for additional information on assets and liabilities of consolidated vies . collateral at december 31 , 2010 and 2009 , the firm had accepted assets as collateral that it could sell or repledge , deliver or otherwise use with a fair value of approximately $ 655.0 billion and $ 635.6 billion , respectively . this collateral was generally obtained under resale agreements , securities borrowing agreements , cus- tomer margin loans and derivative agreements . of the collateral received , approximately $ 521.3 billion and $ 472.7 billion were sold or repledged , generally as collateral under repurchase agreements , securities lending agreements or to cover short sales and to collat- eralize deposits and derivative agreements . the reporting of collat- eral sold or repledged was revised in 2010 to include certain securities used to cover short sales and to collateralize deposits and derivative agreements . prior period amounts have been revised to conform to the current presentation . this revision had no impact on the firm 2019s consolidated balance sheets or its results of operations . contingencies in 2008 , the firm resolved with the irs issues related to compliance with reporting and withholding requirements for certain accounts transferred to the bank of new york mellon corporation ( 201cbnym 201d ) in connection with the firm 2019s sale to bnym of its corporate trust business . the resolution of these issues did not have a material effect on the firm. .

Question: as of december 31 , 2010 what percentage of the collateral that it was able to sell , repledge , deliver , or otherwise use was actually used for these purposes?
Program: divide(521.3, 655.0)
Answer: 0.79588
j.p . morgan chase & co . / 2003 annual report 33 corporate credit allocation in 2003 , tss was assigned a corporate credit allocation of pre- tax earnings and the associated capital related to certain credit exposures managed within ib 2019s credit portfolio on behalf of clients shared with tss . prior periods have been revised to reflect this allocation . for 2003 , the impact to tss of this change increased pre-tax operating results by $ 36 million and average allocated capital by $ 712 million , and it decreased sva by $ 65 million . pre-tax operating results were $ 46 million lower than in 2002 , reflecting lower loan volumes and higher related expenses , slightly offset by a decrease in credit costs . business outlook tss revenue in 2004 is expected to benefit from improved global equity markets and from two recent acquisitions : the november 2003 acquisition of the bank one corporate trust portfolio , and the january 2004 acquisition of citigroup 2019s electronic funds services business . tss also expects higher costs as it integrates these acquisitions and continues strategic investments to sup- port business expansion . by client segment tss dimensions of 2003 revenue diversification by business revenue by geographic region investor services 36% ( 36 % ) other 1% ( 1 % ) institutional trust services 23% ( 23 % ) treasury services 40% ( 40 % ) large corporations 21% ( 21 % ) middle market 18% ( 18 % ) banks 11% ( 11 % ) nonbank financial institutions 44% ( 44 % ) public sector/governments 6% ( 6 % ) europe , middle east & africa 27% ( 27 % ) asia/pacific 9% ( 9 % ) the americas 64% ( 64 % ) ( a ) includes the elimination of revenue related to shared activities with chase middle market in the amount of $ 347 million . year ended december 31 , operating revenue .

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year ended december 31 , ( in millions )	year ended december 31 , 2003	year ended december 31 , 2002	change
treasury services	$ 1927	$ 1818	6% ( 6 % )
investor services	1449	1513	-4 ( 4 )
institutional trust services ( a )	928	864	7
other ( a ) ( b )	-312 ( 312 )	-303 ( 303 )	-3 ( 3 )
total treasury & securities services	$ 3992	$ 3892	3% ( 3 % )
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( a ) includes a portion of the $ 41 million gain on sale of a nonstrategic business in 2003 : $ 1 million in institutional trust services and $ 40 million in other . ( b ) includes the elimination of revenues related to shared activities with chase middle market , and a $ 50 million gain on sale of a non-u.s . securities clearing firm in 2002. .

Question: how much was 2003 total treasury & securities services without the benefit of the special gain ( in us$ m ) ?
Program: subtract(3992, 41)
Answer: 3951.0
the graph below compares expeditors international of washington , inc.'s cumulative 5-year total shareholder return on common stock with the cumulative total returns of the s&p 500 index and the nasdaq industrial transportation index ( nqusb2770t ) . the graph assumes that the value of the investment in our common stock and in each of the indexes ( including reinvestment of dividends ) was $ 100 on 12/31/2013 and tracks it through 12/31/2018 . total return assumes reinvestment of dividends in each of the indices indicated . comparison of 5-year cumulative total return among expeditors international of washington , inc. , the s&p 500 index and the nasdaq industrial transportation index. .

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	12/13	12/14	12/15	12/16	12/17	12/18
expeditors international of washington inc .	$ 100.00	$ 100.81	$ 101.92	$ 119.68	$ 146.19	$ 153.88
standard and poor's 500 index	100.00	111.39	110.58	121.13	144.65	135.63
nasdaq industrial transportation ( nqusb2770t )	100.00	121.41	93.55	120.89	154.19	140.25
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the stock price performance included in this graph is not necessarily indicative of future stock price performance. .

Question: what is the difference in percentage of cumulative total return between expeditors international of washington inc . and the nasdaq industrial transportation ( nqusb2770t ) for the 5 year period ending 12/18?
Program: subtract(153.88, const_100), subtract(140.25, const_100), divide(#0, const_100), divide(#1, const_100), subtract(#2, #3)
Answer: 0.1363
net impairment we recognized $ 16.9 million and $ 14.9 million of net impairment during the years ended december 31 , 2012 and 2011 , respectively , on certain securities in our non-agency cmo portfolio due to continued deterioration in the expected credit performance of the underlying loans in those specific securities . the gross other-than-temporary impairment ( 201cotti 201d ) and the noncredit portion of otti , which was or had been previously recorded through other comprehensive income ( loss ) , are shown in the table below ( dollars in millions ) : year ended december 31 , 2012 2011 .

Row 1: , year ended december 31 2012, 2011
Row 2: other-than-temporary impairment ( 201cotti 201d ), $ -19.8 ( 19.8 ), $ -9.2 ( 9.2 )
Row 3: less : noncredit portion of otti recognized into ( out of ) other comprehensive income ( loss ) ( before tax ), 2.9, -5.7 ( 5.7 )
Row 4: net impairment, $ -16.9 ( 16.9 ), $ -14.9 ( 14.9 )

provision for loan losses provision for loan losses decreased 20% ( 20 % ) to $ 354.6 million for the year ended december 31 , 2012 compared to 2011 . the decrease in provision for loan losses was driven primarily by improving credit trends , as evidenced by the lower levels of delinquent loans in the one- to four-family and home equity loan portfolios , and loan portfolio run-off . the decrease was partially offset by $ 50 million in charge-offs associated with newly identified bankruptcy filings during the third quarter of 2012 , with approximately 80% ( 80 % ) related to prior years . we utilize third party loan servicers to obtain bankruptcy data on our borrowers and during the third quarter of 2012 , we identified an increase in bankruptcies reported by one specific servicer . in researching this increase , we discovered that the servicer had not been reporting historical bankruptcy data on a timely basis . as a result , we implemented an enhanced procedure around all servicer reporting to corroborate bankruptcy reporting with independent third party data . through this additional process , approximately $ 90 million of loans were identified in which servicers failed to report the bankruptcy filing to us , approximately 90% ( 90 % ) of which were current at the end of the third quarter of 2012 . as a result , these loans were written down to the estimated current value of the underlying property less estimated selling costs , or approximately $ 40 million , during the third quarter of 2012 . these charge-offs resulted in an increase to provision for loan losses of $ 50 million for the year ended december 31 , 2012 . the provision for loan losses has declined four consecutive years , down 78% ( 78 % ) from its peak of $ 1.6 billion for the year ended december 31 , 2008 . we expect provision for loan losses to continue to decline over the long term , although it is subject to variability in any given quarter. .

Question: what was the change in otti between 2011 and 2012 , in millions?
Program: subtract(19.8, 9.2)
Answer: 10.6
the agencies consider many factors in determining the final rating of an insurance company . one consideration is the relative level of statutory surplus necessary to support the business written . statutory surplus represents the capital of the insurance company reported in accordance with accounting practices prescribed by the applicable state insurance department . see part i , item 1a . risk factors 2014 201cdowngrades in our financial strength or credit ratings , which may make our products less attractive , could increase our cost of capital and inhibit our ability to refinance our debt , which would have a material adverse effect on our business , financial condition , results of operations and liquidity . 201d statutory surplus the table below sets forth statutory surplus for the company 2019s insurance companies as of december 31 , 2014 and 2013: .

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 | 2014 | 2013
u.s . life insurance subsidiaries includes domestic captive insurance subsidiaries in 2013 | $ 7157 | $ 6639
property and casualty insurance subsidiaries | 8069 | 8022
total | $ 15226 | $ 14661
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statutory capital and surplus for the u.s . life insurance subsidiaries , including domestic captive insurance subsidiaries in 2013 , increased by $ 518 , primarily due to variable annuity surplus impacts of $ 788 , net income from non-variable annuity business of $ 187 , increases in unrealized gains from other invested assets carrying values of $ 138 , partially offset by returns of capital of $ 500 , and changes in reserves on account of change in valuation basis of $ 100 . effective april 30 , 2014 the last domestic captive ceased operations . statutory capital and surplus for the property and casualty insurance increased by $ 47 , primarily due to statutory net income of $ 1.1 billion , and unrealized gains on investments of $ 1.4 billion , largely offset by dividends to the hfsg holding company of $ 2.5 billion . the company also held regulatory capital and surplus for its former operations in japan until the sale of those operations on june 30 , 2014 . under the accounting practices and procedures governed by japanese regulatory authorities , the company 2019s statutory capital and surplus was $ 1.2 billion as of december 31 , 2013. .

Question: what was the average statutory surplus for the company 2019s insurance companies for u.s . life insurance subsidiaries including domestic captive insurance subsidiaries from 2012 to 2013
Program: add(7157, 6639), divide(#0, const_2)
Answer: 6898.0
entergy gulf states , inc . management's financial discussion and analysis .

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Row 1: , ( in millions )
Row 2: 2003 net revenue, $ 1110.1
Row 3: volume/weather, 26.7
Row 4: net wholesale revenue, 13.0
Row 5: summer capacity charges, 5.5
Row 6: price applied to unbilled sales, 4.8
Row 7: fuel recovery revenues, -14.2 ( 14.2 )
Row 8: other, 3.9
Row 9: 2004 net revenue, $ 1149.8
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the volume/weather variance resulted primarily from an increase of 1179 gwh in electricity usage in the industrial sector . billed usage also increased a total of 291 gwh in the residential , commercial , and governmental sectors . the increase in net wholesale revenue is primarily due to an increase in sales volume to municipal and co-op customers . summer capacity charges variance is due to the amortization in 2003 of deferred capacity charges for the summer of 2001 compared to the absence of the amortization in 2004 . the amortization of these capacity charges began in june 2002 and ended in may 2003 . the price applied to unbilled sales variance resulted primarily from an increase in the fuel price applied to unbilled sales . fuel recovery revenues represent an under-recovery of fuel charges that are recovered in base rates . entergy gulf states recorded $ 22.6 million of provisions in 2004 for potential rate refunds . these provisions are not included in the net revenue table above because they are more than offset by provisions recorded in 2003 . gross operating revenues , fuel and purchased power expenses , and other regulatory credits gross operating revenues increased primarily due to an increase of $ 187.8 million in fuel cost recovery revenues as a result of higher fuel rates in both the louisiana and texas jurisdictions . the increases in volume/weather and wholesale revenue , discussed above , also contributed to the increase . fuel and purchased power expenses increased primarily due to : 2022 increased recovery of deferred fuel costs due to higher fuel rates ; 2022 increases in the market prices of natural gas , coal , and purchased power ; and 2022 an increase in electricity usage , discussed above . other regulatory credits increased primarily due to the amortization in 2003 of deferred capacity charges for the summer of 2001 compared to the absence of amortization in 2004 . the amortization of these charges began in june 2002 and ended in may 2003 . 2003 compared to 2002 net revenue , which is entergy gulf states' measure of gross margin , consists of operating revenues net of : 1 ) fuel , fuel-related , and purchased power expenses and 2 ) other regulatory credits . following is an analysis of the change in net revenue comparing 2003 to 2002. .

Question: what is the growth rate in net revenue in 2004 for entergy gulf states , inc?
Program: subtract(1149.8, 1110.1), divide(#0, 1110.1)
Answer: 0.03576
part i item 1 entergy corporation , domestic utility companies , and system energy employment litigation ( entergy corporation , entergy arkansas , entergy gulf states , entergy louisiana , entergy mississippi , entergy new orleans , and system energy ) entergy corporation and the domestic utility companies are defendants in numerous lawsuits that have been filed by former employees alleging that they were wrongfully terminated and/or discriminated against on the basis of age , race , sex , and/or other protected characteristics . entergy corporation and the domestic utility companies are vigorously defending these suits and deny any liability to the plaintiffs . however , no assurance can be given as to the outcome of these cases , and at this time management cannot estimate the total amount of damages sought . included in the employment litigation are two cases filed in state court in claiborne county , mississippi in december 2002 . the two cases were filed by former employees of entergy operations who were based at grand gulf . entergy operations and entergy employees are named as defendants . the cases make employment-related claims , and seek in total $ 53 million in alleged actual damages and $ 168 million in punitive damages . entergy subsequently removed both proceedings to the federal district in jackson , mississippi . entergy cannot predict the ultimate outcome of this proceeding . research spending entergy is a member of the electric power research institute ( epri ) . epri conducts a broad range of research in major technical fields related to the electric utility industry . entergy participates in various epri projects based on entergy's needs and available resources . the domestic utility companies contributed $ 1.6 million in 2004 , $ 1.5 million in 2003 , and $ 2.1 million in 2002 to epri . the non-utility nuclear business contributed $ 3.2 million in 2004 and $ 3 million in both 2003 and 2002 to epri . employees employees are an integral part of entergy's commitment to serving its customers . as of december 31 , 2004 , entergy employed 14425 people . u.s . utility: .

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entergy arkansas, 1494
entergy gulf states, 1641
entergy louisiana, 943
entergy mississippi, 793
entergy new orleans, 403
system energy, -
entergy operations, 2735
entergy services, 2704
entergy nuclear operations, 3245
other subsidiaries, 277
total full-time, 14235
part-time, 190
total entergy, 14425
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approximately 4900 employees are represented by the international brotherhood of electrical workers union , the utility workers union of america , and the international brotherhood of teamsters union. .

Question: what percent of total full-time employees are in entergy gulf states ?
Program: divide(1641, 14235)
Answer: 0.11528
performance graph the graph below compares the cumulative total shareholder return on pmi's common stock with the cumulative total return for the same period of pmi's peer group and the s&p 500 index . the graph assumes the investment of $ 100 as of december 31 , 2013 , in pmi common stock ( at prices quoted on the new york stock exchange ) and each of the indices as of the market close and reinvestment of dividends on a quarterly basis . date pmi pmi peer group ( 1 ) s&p 500 index .

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date | pmi | pmi peer group ( 1 ) | s&p 500 index
december 31 2013 | $ 100.00 | $ 100.00 | $ 100.00
december 31 2014 | $ 97.90 | $ 107.80 | $ 113.70
december 31 2015 | $ 111.00 | $ 116.80 | $ 115.30
december 31 2016 | $ 120.50 | $ 118.40 | $ 129.00
december 31 2017 | $ 144.50 | $ 140.50 | $ 157.20
december 31 2018 | $ 96.50 | $ 127.70 | $ 150.30
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( 1 ) the pmi peer group presented in this graph is the same as that used in the prior year . the pmi peer group was established based on a review of four characteristics : global presence ; a focus on consumer products ; and net revenues and a market capitalization of a similar size to those of pmi . the review also considered the primary international tobacco companies . as a result of this review , the following companies constitute the pmi peer group : altria group , inc. , anheuser-busch inbev sa/nv , british american tobacco p.l.c. , the coca-cola company , colgate-palmolive co. , diageo plc , heineken n.v. , imperial brands plc , japan tobacco inc. , johnson & johnson , kimberly-clark corporation , the kraft-heinz company , mcdonald's corp. , mondel z international , inc. , nestl e9 s.a. , pepsico , inc. , the procter & gamble company , roche holding ag , and unilever nv and plc . note : figures are rounded to the nearest $ 0.10. .

Question: what is the roi of an investment in pmi from 2013 to 2014?
Program: subtract(97.90, const_100), divide(#0, const_100)
Answer: -0.021
table of contents the foreign provision for income taxes is based on foreign pre-tax earnings of $ 33.6 billion , $ 30.5 billion and $ 36.8 billion in 2014 , 2013 and 2012 , respectively . the company 2019s consolidated financial statements provide for any related tax liability on undistributed earnings that the company does not intend to be indefinitely reinvested outside the u.s . substantially all of the company 2019s undistributed international earnings intended to be indefinitely reinvested in operations outside the u.s . were generated by subsidiaries organized in ireland , which has a statutory tax rate of 12.5% ( 12.5 % ) . as of september 27 , 2014 , u.s . income taxes have not been provided on a cumulative total of $ 69.7 billion of such earnings . the amount of unrecognized deferred tax liability related to these temporary differences is estimated to be approximately $ 23.3 billion . as of september 27 , 2014 and september 28 , 2013 , $ 137.1 billion and $ 111.3 billion , respectively , of the company 2019s cash , cash equivalents and marketable securities were held by foreign subsidiaries and are generally based in u.s . dollar-denominated holdings . amounts held by foreign subsidiaries are generally subject to u.s . income taxation on repatriation to the u.s . a reconciliation of the provision for income taxes , with the amount computed by applying the statutory federal income tax rate ( 35% ( 35 % ) in 2014 , 2013 and 2012 ) to income before provision for income taxes for 2014 , 2013 and 2012 , is as follows ( dollars in millions ) : the company 2019s income taxes payable have been reduced by the tax benefits from employee stock plan awards . for stock options , the company receives an income tax benefit calculated as the tax effect of the difference between the fair market value of the stock issued at the time of the exercise and the exercise price . for rsus , the company receives an income tax benefit upon the award 2019s vesting equal to the tax effect of the underlying stock 2019s fair market value . the company had net excess tax benefits from equity awards of $ 706 million , $ 643 million and $ 1.4 billion in 2014 , 2013 and 2012 , respectively , which were reflected as increases to common stock . apple inc . | 2014 form 10-k | 64 .

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• , 2014, 2013, 2012
• computed expected tax, $ 18719, $ 17554, $ 19517
• state taxes net of federal effect, 469, 508, 677
• indefinitely invested earnings of foreign subsidiaries, -4744 ( 4744 ), -4614 ( 4614 ), -5895 ( 5895 )
• research and development credit net, -88 ( 88 ), -287 ( 287 ), -103 ( 103 )
• domestic production activities deduction, -495 ( 495 ), -308 ( 308 ), -328 ( 328 )
• other, 112, 265, 162
• provision for income taxes, $ 13973, $ 13118, $ 14030
• effective tax rate, 26.1% ( 26.1 % ), 26.2% ( 26.2 % ), 25.2% ( 25.2 % )
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.

Question: what is the average effective tax rate for the 3 years ended 2014?
Program: add(26.1, 26.2), add(#0, 25.2), divide(#1, 3)
Answer: 25.83333