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american tower corporation and subsidiaries notes to consolidated financial statements (3) consists of customer-related intangibles of approximately $15.5 million and network location intangibles of approximately $19.8 million. the customer-related intangibles and network location intangibles are being amortized on a straight-line basis over periods of up to 20 years. (4) the company expects that the goodwill recorded will be deductible for tax purposes. the goodwill was allocated to the company 2019s international rental and management segment. uganda acquisition 2014on december 8, 2011, the company entered into a definitive agreement with mtn group to establish a joint venture in uganda. the joint venture is controlled by a holding company of which a wholly owned subsidiary of the company (the 201catc uganda subsidiary 201d) holds a 51% (51%) interest and a wholly owned subsidiary of mtn group (the 201cmtn uganda subsidiary 201d) holds a 49% (49%) interest. the joint venture is managed and controlled by the company and owns a tower operations company in uganda. pursuant to the agreement, the joint venture agreed to purchase a total of up to 1000 existing communications sites from mtn group 2019s operating subsidiary in uganda, subject to customary closing conditions. on june 29, 2012, the joint venture acquired 962 communications sites for an aggregate purchase price of $171.5 million, subject to post-closing adjustments. the aggregate purchase price was subsequently increased to $173.2 million, subject to future post-closing adjustments. under the terms of the purchase agreement, legal title to certain of these communications sites will be transferred upon fulfillment of certain conditions by mtn group. prior to the fulfillment of these conditions, the company will operate and maintain control of these communications sites, and accordingly, reflect these sites in the allocation of purchase price and the consolidated operating results. the following table summarizes the preliminary allocation of the aggregate purchase price consideration paid and the amounts of assets acquired and liabilities assumed based upon their estimated fair value at the date of acquisition (in thousands): preliminary purchase price allocation. - | preliminary purchase price allocation non-current assets | $2258 property and equipment | 102366 intangible assets (1) | 63500 other non-current liabilities | -7528 (7528) fair value of net assets acquired | $160596 goodwill (2) | 12564 (1) consists of customer-related intangibles of approximately $36.5 million and network location intangibles of approximately $27.0 million. the customer-related intangibles and network location intangibles are being amortized on a straight-line basis over periods of up to 20 years. (2) the company expects that the goodwill recorded will be not be deductible for tax purposes. the goodwill was allocated to the company 2019s international rental and management segment. germany acquisition 2014on november 14, 2012, the company entered into a definitive agreement to purchase communications sites from e-plus mobilfunk gmbh & co. kg. on december 4, 2012, the company completed the purchase of 2031 communications sites, for an aggregate purchase price of $525.7 million.. what was the total cost of the all the towers in the mtn group acquisition, in millions of dollars?

173.2

south america. approximately 26% (26%) of 2017 net sales were to international markets. this segment sells directly through its own sales force and indirectly through independent manufacturers 2019 representatives, primarily to wholesalers, home centers, mass merchandisers and industrial distributors. in aggregate, sales to the home depot and lowe 2019s comprised approximately 23% (23%) of net sales of the plumbing segment in 2017. this segment 2019s chief competitors include delta (owned by masco), kohler, pfister (owned by spectrum brands), american standard (owned by lixil group), insinkerator (owned by emerson electronic company) and imported private-label brands. doors. our doors segment manufactures and sells fiberglass and steel entry door systems under the therma-tru brand and urethane millwork product lines under the fypon brand. this segment benefits from the long-term trend away from traditional materials, such as wood, steel and aluminum, toward more energy-efficient and durable synthetic materials. therma-tru products include fiberglass and steel residential entry door and patio door systems, primarily for sale in the u.s. and canada. this segment 2019s principal customers are home centers, millwork building products and wholesale distributors, and specialty dealers that provide products to the residential new construction market, as well as to the remodeling and renovation markets. in aggregate, sales to the home depot and lowe 2019s comprised approximately 14% (14%) of net sales of the doors segment in 2017. this segment 2019s competitors include masonite, jeld-wen, plastpro and pella. security. our security segment 2019s products consist of locks, safety and security devices, and electronic security products manufactured, sourced and distributed primarily under the master lock brand and fire resistant safes, security containers and commercial cabinets manufactured, sourced and distributed under the sentrysafe brand. this segment sells products principally in the u.s., canada, europe, central america, japan and australia. approximately 25% (25%) of 2017 net sales were to international markets. this segment manufactures and sells key-controlled and combination padlocks, bicycle and cable locks, built-in locker locks, door hardware, automotive, trailer and towing locks, electronic access control solutions, and other specialty safety and security devices for consumer use to hardware, home center and other retail outlets. in addition, the segment sells lock systems and fire resistant safes to locksmiths, industrial and institutional users, and original equipment manufacturers. in aggregate, sales to the home depot and lowe 2019s comprised approximately 18% (18%) of the net sales of the security segment in 2017. master lock competes with abus, w.h. brady, hampton, kwikset (owned by spectrum brands), schlage (owned by allegion), assa abloy and various imports, and sentrysafe competes with first alert, magnum, fortress, stack-on and fire king. annual net sales for each of the last three fiscal years for each of our business segments were as follows: (in millions) 2017 2016 2015. (in millions) | 2017 | 2016 | 2015 cabinets | $2467.1 | $2397.8 | $2173.4 plumbing | 1720.8 | 1534.4 | 1414.5 doors | 502.9 | 473.0 | 439.1 security | 592.5 | 579.7 | 552.4 total | $5283.3 | $4984.9 | $4579.4 for additional financial information for each of our business segments, refer to note 18, 201cinformation on business segments, 201d to the consolidated financial statements in item 8 of this annual report on form other information raw materials. the table below indicates the principal raw materials used by each of our segments. these materials are available from a number of sources. volatility in the prices of commodities and energy used in making and distributing our products impacts the cost of manufacturing our products.. what were cabinet sales in 2017? 2467.1 what were they in 2016?

2397.8

shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the securities and exchange commission, nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934, each as amended, except to the extent that the company specifically incorporates it by reference into such filing. the following graph shows a five-year comparison of cumulative total shareowners 2019 returns for our class b common stock, the s&p 500 index, and the dow jones transportation average. the comparison of the total cumulative return on investment, which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods, assumes that $100 was invested on december 31, 2001 in the s&p 500 index, the dow jones transportation average, and the class b common stock of united parcel service, inc. comparison of five year cumulative total return $40.00 $60.00 $80.00 $100.00 $120.00 $140.00 $160.00 $180.00 $200.00 2001 2002 2003 2004 2005 2006 s&p 500 ups dj transport. - | 12/31/01 | 12/31/02 | 12/31/03 | 12/31/04 | 12/31/05 | 12/31/06 united parcel service inc. | $100.00 | $117.19 | $140.49 | $163.54 | $146.35 | $148.92 s&p 500 index | $100.00 | $77.90 | $100.24 | $111.15 | $116.61 | $135.02 dow jones transportation average | $100.00 | $88.52 | $116.70 | $149.06 | $166.42 | $182.76 securities authorized for issuance under equity compensation plans the following table provides information as of december 31, 2006 regarding compensation plans under which our class a common stock is authorized for issuance. these plans do not authorize the issuance of our class b common stock.. what was the performance value of the united parcel service, inc. in 2006? 148.92 and what was the change in this performance value from 2001 to 2006?

48.92

notes to consolidated financial statements 2014 (continued) (amounts in millions, except per share amounts) guarantees we have certain contingent obligations under guarantees of certain of our subsidiaries (201cparent company guarantees 201d) relating principally to credit facilities, guarantees of certain media payables and operating leases. the amount of such parent company guarantees was $255.7 and $327.1 as of december 31, 2008 and 2007, respectively. in the event of non-payment by the applicable subsidiary of the obligations covered by a guarantee, we would be obligated to pay the amounts covered by that guarantee. as of december 31, 2008, there are no material assets pledged as security for such parent company guarantees. contingent acquisition obligations we have structured certain acquisitions with additional contingent purchase price obligations in order to reduce the potential risk associated with negative future performance of the acquired entity. in addition, we have entered into agreements that may require us to purchase additional equity interests in certain consolidated and unconsolidated subsidiaries. the amounts relating to these transactions are based on estimates of the future financial performance of the acquired entity, the timing of the exercise of these rights, changes in foreign currency exchange rates and other factors. we have not recorded a liability for these items since the definitive amounts payable are not determinable or distributable. when the contingent acquisition obligations have been met and consideration is determinable and distributable, we record the fair value of this consideration as an additional cost of the acquired entity. however, certain acquisitions contain deferred payments that are fixed and determinable on the acquisition date. in such cases, we record a liability for the payment and record this consideration as an additional cost of the acquired entity on the acquisition date. if deferred payments and purchases of additional interests after the effective date of purchase are contingent upon the future employment of the former owners then we recognize these payments as compensation expense. compensation expense is determined based on the terms and conditions of the respective acquisition agreements and employment terms of the former owners of the acquired businesses. this future expense will not be allocated to the assets and liabilities acquired and is amortized over the required employment terms of the former owners. the following table details the estimated liability with respect to our contingent acquisition obligations and the estimated amount that would be paid in the event of exercise at the earliest exercise date. we have certain put options that are exercisable at the discretion of the minority owners as of december 31, 2008. as such, these estimated acquisition payments of $5.5 have been included within the total payments expected to be made in 2009 in the table below and, if not made in 2009, will continue to carry forward into 2010 or beyond until they are exercised or expire. all payments are contingent upon achieving projected operating performance targets and satisfying other conditions specified in the related agreements and are subject to revisions as the earn-out periods progress. as of december 31, 2008, our estimated future contingent acquisition obligations payable in cash are as follows:. - | 2009 | 2010 | 2011 | 2012 | 2013 | thereafter | total deferred acquisition payments | $67.5 | $32.1 | $30.1 | $4.5 | $5.7 | $2014 | $139.9 put and call options with affiliates1 | 11.8 | 34.3 | 73.6 | 70.8 | 70.2 | 2.2 | 262.9 total contingent acquisition payments | 79.3 | 66.4 | 103.7 | 75.3 | 75.9 | 2.2 | 402.8 less cash compensation expense included above | 2.6 | 1.3 | 0.7 | 0.7 | 0.3 | 2014 | 5.6 total | $76.7 | $65.1 | $103.0 | $74.6 | $75.6 | $2.2 | $397.2 1 we have entered into certain acquisitions that contain both put and call options with similar terms and conditions. in such instances, we have included the related estimated contingent acquisition obligation in the period when the earliest related option is exercisable. as a result of revisions made during 2008 to eitf topic no. d-98, classification and measurement of redeemable securities (201ceitf d-98 201d). what was the change in the amount of guarantees from parent company from 2007 to 2008? -71.4 and how much does this change represent in relation to that amount of guarantees in 2007, in percentage?

-0.21828

included in the corporate and consumer loan tables above are purchased distressed loans, which are loans that have evidenced significant credit deterioration subsequent to origination but prior to acquisition by citigroup. in accordance with sop 03-3, the difference between the total expected cash flows for these loans and the initial recorded investments is recognized in income over the life of the loans using a level yield. accordingly, these loans have been excluded from the impaired loan information presented above. in addition, per sop 03-3, subsequent decreases to the expected cash flows for a purchased distressed loan require a build of an allowance so the loan retains its level yield. however, increases in the expected cash flows are first recognized as a reduction of any previously established allowance and then recognized as income prospectively over the remaining life of the loan by increasing the loan 2019s level yield. where the expected cash flows cannot be reliably estimated, the purchased distressed loan is accounted for under the cost recovery method. the carrying amount of the company 2019s purchased distressed loan portfolio at december 31, 2010 was $392 million, net of an allowance of $77 million as of december 31, 2010. the changes in the accretable yield, related allowance and carrying amount net of accretable yield for 2010 are as follows: in millions of dollars accretable carrying amount of loan receivable allowance. in millions of dollars | accretable yield | carrying amount of loan receivable | allowance beginning balance | $27 | $920 | $95 purchases (1) | 1 | 130 | 2014 disposals/payments received | -11 (11) | -594 (594) | 2014 accretion | -44 (44) | 44 | 2014 builds (reductions) to the allowance | 128 | 2014 | -18 (18) increase to expected cash flows | -2 (2) | 19 | 2014 fx/other | 17 | -50 (50) | 2014 balance at december 31 2010 (2) | $116 | $469 | $77 (1) the balance reported in the column 201ccarrying amount of loan receivable 201d consists of $130 million of purchased loans accounted for under the level-yield method and $0 under the cost-recovery method. these balances represent the fair value of these loans at their acquisition date. the related total expected cash flows for the level-yield loans were $131 million at their acquisition dates. (2) the balance reported in the column 201ccarrying amount of loan receivable 201d consists of $315 million of loans accounted for under the level-yield method and $154 million accounted for under the cost-recovery method.. in the year of 2010, what percentage did the net allowance represent in relation to the carrying amount of the company 2019s purchased distressed loan portfolio? 0.19643 and what was the combined total of this net allowance and the carrying amount?

469.0

(in millions) 2010 2009 2008. (in millions) | 2010 | 2009 | 2008 net cash provided by operating activities | $3547 | $3173 | $4421 net cash used for investing activities | -319 (319) | -1518 (1518) | -907 (907) net cash used for financing activities | -3363 (3363) | -1476 (1476) | -3938 (3938) operating activities net cash provided by operating activities increased by $374 million to $3547 million in 2010 as compared to 2009. the increase primarily was attributable to an improvement in our operating working capital balances of $570 million as discussed below, and $187 million related to lower net income tax payments, as compared to 2009. partially offsetting these improvements was a net reduction in cash from operations of $350 million related to our defined benefit pension plan. this reduction was the result of increased contributions to the pension trust of $758 million as compared to 2009, partially offset by an increase in the cas costs recovered on our contracts. operating working capital accounts consists of receivables, inventories, accounts payable, and customer advances and amounts in excess of costs incurred. the improvement in cash provided by operating working capital was due to a decline in 2010 accounts receivable balances compared to 2009, and an increase in 2010 customer advances and amounts in excess of costs incurred balances compared to 2009. these improvements partially were offset by a decline in accounts payable balances in 2010 compared to 2009. the decline in accounts receivable primarily was due to higher collections on various programs at electronic systems, is&gs, and space systems business areas. the increase in customer advances and amounts in excess of costs incurred primarily was attributable to an increase on government and commercial satellite programs at space systems and air mobility programs at aeronautics, partially offset by a decrease on various programs at electronic systems. the decrease in accounts payable was attributable to the timing of accounts payable activities across all segments. net cash provided by operating activities decreased by $1248 million to $3173 million in 2009 as compared to 2008. the decline primarily was attributable to an increase in our contributions to the defined benefit pension plan of $1373 million as compared to 2008 and an increase in our operating working capital accounts of $147 million. partially offsetting these items was the impact of lower net income tax payments in 2009 as compared to 2008 in the amount of $319 million. the decline in cash provided by operating working capital primarily was due to growth of receivables on various programs in the ms2 and gt&l lines of business at electronic systems and an increase in inventories on combat aircraft programs at aeronautics, which partially were offset by increases in customer advances and amounts in excess of costs incurred on government satellite programs at space systems and the timing of accounts payable activities. investing activities capital expenditures 2013 the majority of our capital expenditures relate to facilities infrastructure and equipment that are incurred to support new and existing programs across all of our business segments. we also incur capital expenditures for it to support programs and general enterprise it infrastructure. capital expenditures for property, plant and equipment amounted to $820 million in 2010, $852 million in 2009, and $926 million in 2008. we expect that our operating cash flows will continue to be sufficient to fund our annual capital expenditures over the next few years. acquisitions, divestitures and other activities 2013 acquisition activities include both the acquisition of businesses and investments in affiliates. amounts paid in 2010 of $148 million primarily related to investments in affiliates. we paid $435 million in 2009 for acquisition activities, compared with $233 million in 2008. in 2010, we received proceeds of $798 million from the sale of eig, net of $17 million in transaction costs (see note 2). there were no material divestiture activities in 2009 and 2008. during 2010, we increased our short-term investments by $171 million compared to an increase of $279 million in 2009. financing activities share activity and dividends 2013 during 2010, 2009, and 2008, we repurchased 33.0 million, 24.9 million, and 29.0 million shares of our common stock for $2483 million, $1851 million, and $2931 million. of the shares we repurchased in 2010, 0.9 million shares for $63 million were repurchased in december but settled and were paid for in january 2011. in october 2010, our board of directors approved a new share repurchase program for the repurchase of our common stock from time-to-time, up to an authorized amount of $3.0 billion (see note 12). under the program, we have discretion to determine the dollar amount of shares to be repurchased and the timing of any repurchases in compliance with applicable law and regulation. we repurchased a total of 11.2 million shares under the program for $776 million, and as of december 31, 2010, there remained $2224 million available for additional share repurchases. in connection with their approval of the new share repurchase program, our board terminated our previous share repurchase program. cash received from the issuance of our common stock in connection with stock option exercises during 2010, 2009, and 2008 totaled $59 million, $40 million, and $250 million. those activities resulted in the issuance of 1.4 million shares, 1.0 million shares, and 4.7 million shares during the respective periods.. what is the value of cap ex for pp&e in 2010? 820.0 what is it 2009?

852.0

of prior service cost or credits, and net actuarial gains or losses) as part of non-operating income. we adopted the requirements of asu no. 2017-07 on january 1, 2018 using the retrospective transition method. we expect the adoption of asu no. 2017-07 to result in an increase to consolidated operating profit of $471 million and $846 million for 2016 and 2017, respectively, and a corresponding decrease in non-operating income for each year. we do not expect any impact to our business segment operating profit, our consolidated net earnings, or cash flows as a result of adopting asu no. 2017-07. intangibles-goodwill and other in january 2017, the fasb issued asu no. 2017-04, intangibles-goodwill and other (topic 350), which eliminates the requirement to compare the implied fair value of reporting unit goodwill with the carrying amount of that goodwill (commonly referred to as step 2) from the goodwill impairment test. the new standard does not change how a goodwill impairment is identified. wewill continue to perform our quantitative and qualitative goodwill impairment test by comparing the fair value of each reporting unit to its carrying amount, but if we are required to recognize a goodwill impairment charge, under the new standard the amount of the charge will be calculated by subtracting the reporting unit 2019s fair value from its carrying amount. under the prior standard, if we were required to recognize a goodwill impairment charge, step 2 required us to calculate the implied value of goodwill by assigning the fair value of a reporting unit to all of its assets and liabilities as if that reporting unit had been acquired in a business combination and the amount of the charge was calculated by subtracting the reporting unit 2019s implied fair value of goodwill from its actual goodwill balance. the new standard is effective for interim and annual reporting periods beginning after december 15, 2019, with early adoption permitted, and should be applied prospectively from the date of adoption. we elected to adopt the new standard for future goodwill impairment tests at the beginning of the third quarter of 2017, because it significantly simplifies the evaluation of goodwill for impairment. the impact of the new standard will depend on the outcomes of future goodwill impairment tests. derivatives and hedging inaugust 2017, the fasb issuedasu no. 2017-12derivatives and hedging (topic 815), which eliminates the requirement to separately measure and report hedge ineffectiveness. the guidance is effective for fiscal years beginning after december 15, 2018, with early adoption permitted. we do not expect a significant impact to our consolidated assets and liabilities, net earnings, or cash flows as a result of adopting this new standard. we plan to adopt the new standard january 1, 2019. leases in february 2016, the fasb issuedasu no. 2016-02, leases (topic 842), which requires the recognition of lease assets and lease liabilities on the balance sheet and disclosure of key information about leasing arrangements for both lessees and lessors. the new standard is effective january 1, 2019 for public companies, with early adoption permitted. the new standard currently requires the application of a modified retrospective approach to the beginning of the earliest period presented in the financial statements. we are continuing to evaluate the expected impact to our consolidated financial statements and related disclosures. we plan to adopt the new standard effective january 1, 2019. note 2 2013 earnings per share theweighted average number of shares outstanding used to compute earnings per common sharewere as follows (in millions):. - | 2017 | 2016 | 2015 weighted average common shares outstanding for basic computations | 287.8 | 299.3 | 310.3 weighted average dilutive effect of equity awards | 2.8 | 3.8 | 4.4 weighted average common shares outstanding for diluted computations | 290.6 | 303.1 | 314.7 we compute basic and diluted earnings per common share by dividing net earnings by the respectiveweighted average number of common shares outstanding for the periods presented. our calculation of diluted earnings per common share also includes the dilutive effects for the assumed vesting of outstanding restricted stock units (rsus), performance stock units (psus) and exercise of outstanding stock options based on the treasury stock method. there were no significant anti-dilutive equity awards for the years ended december 31, 2017, 2016 and 2015. note 3 2013 acquisitions and divestitures acquisition of sikorsky aircraft corporation on november 6, 2015, we completed the acquisition of sikorsky from united technologies corporation (utc) and certain of utc 2019s subsidiaries. the purchase price of the acquisition was $9.0 billion, net of cash acquired. as a result of the acquisition. what is the sum of the weighted average common shares outstanding for diluted computations in 2017 and 2016? 593.7 what is the number of shares in 2015? 314.7 what is the sum including all 3 years? 908.4 what is that sum divided by 3?

302.8

the defined benefit pension plans 2019 trust and $130 million to our retiree medical plans which will reduce our cash funding requirements for 2007 and 2008. in 2007, we expect to make no contributions to the defined benefit pension plans and expect to contribute $175 million to the retiree medical and life insurance plans, after giving consideration to the 2006 prepayments. the following benefit payments, which reflect expected future service, as appropriate, are expected to be paid: (in millions) pension benefits benefits. (in millions) | pensionbenefits | otherbenefits 2007 | $1440 | $260 2008 | 1490 | 260 2009 | 1540 | 270 2010 | 1600 | 270 2011 | 1660 | 270 years 2012 2013 2016 | 9530 | 1260 as noted previously, we also sponsor nonqualified defined benefit plans to provide benefits in excess of qualified plan limits. the aggregate liabilities for these plans at december 31, 2006 were $641 million. the expense associated with these plans totaled $59 million in 2006, $58 million in 2005 and $61 million in 2004. we also sponsor a small number of foreign benefit plans. the liabilities and expenses associated with these plans are not material to our results of operations, financial position or cash flows. note 13 2013 leases our total rental expense under operating leases was $310 million, $324 million and $318 million for 2006, 2005 and 2004, respectively. future minimum lease commitments at december 31, 2006 for all operating leases that have a remaining term of more than one year were $1.1 billion ($288 million in 2007, $254 million in 2008, $211 million in 2009, $153 million in 2010, $118 million in 2011 and $121 million in later years). certain major plant facilities and equipment are furnished by the u.s. government under short-term or cancelable arrangements. note 14 2013 legal proceedings, commitments and contingencies we are a party to or have property subject to litigation and other proceedings, including matters arising under provisions relating to the protection of the environment. we believe the probability is remote that the outcome of these matters will have a material adverse effect on the corporation as a whole. we cannot predict the outcome of legal proceedings with certainty. these matters include the following items, all of which have been previously reported: on march 27, 2006, we received a subpoena issued by a grand jury in the united states district court for the northern district of ohio. the subpoena requests documents related to our application for patents issued in the united states and the united kingdom relating to a missile detection and warning technology. we are cooperating with the government 2019s investigation. on february 6, 2004, we submitted a certified contract claim to the united states requesting contractual indemnity for remediation and litigation costs (past and future) related to our former facility in redlands, california. we submitted the claim consistent with a claim sponsorship agreement with the boeing company (boeing), executed in 2001, in boeing 2019s role as the prime contractor on the short range attack missile (sram) program. the contract for the sram program, which formed a significant portion of our work at the redlands facility, had special contractual indemnities from the u.s. air force, as authorized by public law 85-804. on august 31, 2004, the united states denied the claim. our appeal of that decision is pending with the armed services board of contract appeals. on august 28, 2003, the department of justice (the doj) filed complaints in partial intervention in two lawsuits filed under the qui tam provisions of the civil false claims act in the united states district court for the western district of kentucky, united states ex rel. natural resources defense council, et al v. lockheed martin corporation, et al, and united states ex rel. john d. tillson v. lockheed martin energy systems, inc., et al. the doj alleges that we committed violations of the resource conservation and recovery act at the paducah gaseous diffusion plant by not properly handling, storing. what was, in millions, the total of future minimum lease commitments at december 31, 2006 for all operating leases that have a remaining term of more than one year? 1100.0 and how much do the future lease commitments that are due in 2008 represent in relation to this total, in percentage?

0.23091

largest operators of open-loop and closed-loop retail electronic payments networks the largest operators of open-loop and closed-loop retail electronic payments networks are visa, mastercard, american express, discover, jcb and diners club. with the exception of discover, which primarily operates in the united states, all of the other network operators can be considered multi- national or global providers of payments network services. based on payments volume, total volume, number of transactions and number of cards in circulation, visa is the largest retail electronic payments network in the world. the following chart compares our network with those of our major competitors for calendar year 2007: company payments volume volume transactions cards (billions) (billions) (billions) (millions) visa inc. (1)........................................ $2457 $3822 50.3 1592. company | payments volume (billions) | total volume (billions) | total transactions (billions) | cards (millions) visa inc. (1) | $2457 | $3822 | 50.3 | 1592 mastercard | 1697 | 2276 | 27.0 | 916 american express | 637 | 647 | 5.0 | 86 discover | 102 | 119 | 1.6 | 57 jcb | 55 | 61 | 0.6 | 58 diners club | 29 | 30 | 0.2 | 7 (1) visa inc. figures as reported previously in our filings. source: the nilson report, issue 902 (may 2008) and issue 903 (may 2008). note: visa inc. figures exclude visa europe. figures for competitors include their respective european operations. visa figures include visa, visa electron, and interlink brands. visa cards include plus proprietary cards, but proprietary plus cash volume is not included. domestic china figures are excluded. mastercard figures include pin-based debit card figures on mastercard cards, but not maestro or cirrus figures. china commercial funds transfers are excluded. american express and discover include business from third-party issuers. jcb figures are for april 2006 through march 2007, but cards and outlets are as of september 2007. jcb total transaction figures are estimates. our primary operations we generate revenue from the transaction processing services we offer to our customers. our customers deliver visa products and payment services to consumers and merchants based on the product platforms we define and manage. payments network management is a core part of our operations, as it ensures that our payments system provides a safe, efficient, consistent, and interoperable service to cardholders, merchants, and financial institutions worldwide. transaction processing services core processing services our core processing services involve the routing of payment information and related data to facilitate the authorization, clearing and settlement of transactions between visa issuers, which are the financial institutions that issue visa cards to cardholders, and acquirers, which are the financial institutions that offer visa network connectivity and payments acceptance services to merchants. in addition, we offer a range of value-added processing services to support our customers 2019 visa programs and to promote the growth and security of the visa payments network. authorization is the process of approving or declining a transaction before a purchase is finalized or cash is disbursed. clearing is the process of delivering final transaction data from an acquirer to an issuer for posting to the cardholder 2019s account, the calculation of certain fees and charges that apply to the issuer and acquirer involved in the transaction, and the conversion of transaction amounts to the. what was the total payment volume for american express, in billions?

637.0

contractual obligations for future payments under existing debt and lease commitments and purchase obli- gations at december 31, 2005, were as follows: in millions 2006 2007 2008 2009 2010 thereafter. in millions | 2006 | 2007 | 2008 | 2009 | 2010 | thereafter total debt | $1181 | $570 | $308 | $2330 | $1534 | $6281 lease obligations | 172 | 144 | 119 | 76 | 63 | 138 purchase obligations (a) | 3264 | 393 | 280 | 240 | 204 | 1238 total | $4617 | $1107 | $707 | $2646 | $1801 | $7657 (a) the 2006 amount includes $2.4 billion for contracts made in the ordinary course of business to purchase pulpwood, logs and wood chips. the majority of our other purchase obligations are take-or-pay or purchase commitments made in the ordinary course of business related to raw material purchases and energy contracts. other significant items include purchase obligations related to contracted services. transformation plan in july 2005, the company announced a plan to focus its business portfolio on two key global platform businesses: uncoated papers (including distribution) and packaging. the plan also focuses on improving shareholder return through mill realignments in those two businesses, additional cost improvements and exploring strategic options for other businesses, includ- ing possible sale or spin-off. in connection with this process, in the third quarter of 2005, the company completed the sale of its 50.5% (50.5%) interest in carter holt harvey limited. other businesses currently under re- view include: 2022 the coated and supercalendered papers busi- ness, including the coated groundwood mill and associated assets in brazil, 2022 the beverage packaging business, including the pine bluff, arkansas mill, 2022 the kraft papers business, including the roa- noke rapids, north carolina mill, 2022 arizona chemical, 2022 the wood products business, and 2022 segments or potentially all of the company 2019s 6.5 million acres of u.s. forestlands. consistent with this evaluation process, the com- pany has distributed bid package information for some of these businesses. the exact timing of this evaluation process will vary by business; however, it is anticipated that decisions will be made for some of these businesses during 2006. while the exact use of any proceeds from potential future sales is dependent upon various factors affecting future cash flows, such as the amount of any proceeds received and changes in market conditions, input costs and capital spending, the company remains committed to using its free cash flow in 2006 to pay down debt, to return value to shareholders, and for se- lective high-return investments. critical accounting policies the preparation of financial statements in con- formity with generally accepted accounting principles in the united states requires international paper to estab- lish accounting policies and to make estimates that af- fect both the amounts and timing of the recording of assets, liabilities, revenues and expenses. some of these estimates require judgments about matters that are in- herently uncertain. accounting policies whose application may have a significant effect on the reported results of operations and financial position of international paper, and that can require judgments by management that affect their application, include sfas no. 5, 201caccounting for contingencies, 201d sfas no. 144, 201caccounting for the impairment or disposal of long-lived assets, 201d sfas no. 142, 201cgoodwill and other intangible assets, 201d sfas no. 87, 201cemployers 2019 accounting for pensions, 201d sfas no. 106, 201cemployers 2019 accounting for postretirement benefits other than pensions, 201d as amended by sfas nos. 132 and 132r, 201cemployers 2019 disclosures about pension and other postretirement benefits, 201d and sfas no. 109, 201caccounting for income taxes. 201d the following is a discussion of the impact of these accounting policies on international paper: contingent liabilities. accruals for contingent li- abilities, including legal and environmental matters, are recorded when it is probable that a liability has been incurred or an asset impaired and the amount of the loss can be reasonably estimated. liabilities accrued for legal matters require judgments regarding projected outcomes and range of loss based on historical experience and recommendations of legal counsel. additionally, as dis- cussed in note 10 of the notes to consolidated finan- cial statements in item 8. financial statements and supplementary data, reserves for projected future claims settlements relating to exterior siding and roofing prod- ucts previously manufactured by masonite require judgments regarding projections of future claims rates and amounts. international paper utilizes an in- dependent third party consultant to assist in developing these estimates. liabilities for environmental matters require evaluations of relevant environmental regu- lations and estimates of future remediation alternatives and costs. international paper determines these esti- mates after a detailed evaluation of each site. impairment of long-lived assets and goodwill. an impairment of a long-lived asset exists when the asset 2019s carrying amount exceeds its fair value, and is recorded when the carrying amount is not recoverable through future operations. a goodwill impairment exists when the carrying amount of goodwill exceeds its fair value. assessments of possible impairments of long-lived assets and goodwill are made when events or changes in cir- cumstances indicate that the carrying value of the asset. what was the change in total debt to be repaid in the contractual obligations for future payments under existing debt and lease commitments and purchase obligations as of 12/31/05 between 2008 and 2009?

2022.0

liquidity and capital resources we maintained a strong financial position throughout fiscal year 2019. as of 30 september 2019, our consolidated balance sheet included cash and cash items of $2248.7. we continue to have consistent access to commercial paper markets, and cash flows from operating and financing activities are expected to meet liquidity needs for the foreseeable future. as of 30 september 2019, we had $971.5 of foreign cash and cash items compared to a total amount of cash and cash items of $2248.7. as a result of the tax act, we do not expect that a significant portion of our foreign subsidiaries' and affiliates' earnings will be subject to u.s. income tax upon subsequent repatriation to the united states. the repatriation of these earnings may be subject to foreign withholding and other taxes depending on the country in which the subsidiaries and affiliates reside. however, because we have significant current investment plans outside the u.s., it is our intent to permanently reinvest the majority of our foreign cash and cash items that would be subject to additional taxes outside the u.s. refer to note 23, income taxes, for additional information. the table below summarizes our cash flows from operating activities, investing activities, and financing activities from continuing operations as reflected on the consolidated statements of cash flows:. cash provided by (used for) | 2019 | 2018 operating activities | $2969.9 | $2547.2 investing activities | -2113.4 (2113.4) | -1641.6 (1641.6) financing activities | -1370.5 (1370.5) | -1359.8 (1359.8) operating activities for the fiscal year ended 30 september 2019, cash provided by operating activities was $2969.9. income from continuing operations of $1760.0 was adjusted for items including depreciation and amortization, deferred income taxes, impacts from the tax act, a charge for the facility closure of one of our customers, undistributed earnings of unconsolidated affiliates, gain on sale of assets and investments, share-based compensation, noncurrent capital lease receivables, and certain other adjustments. the caption "gain on sale of assets and investments" includes a gain of $14.1 recognized on the disposition of our interest in high-tech gases (beijing) co., ltd., a previously held equity investment in our industrial gases 2013 asia segment. refer to note 7, acquisitions, to the consolidated financial statements for additional information. the working capital accounts were a use of cash of $25.3, primarily driven by $69.0 from trade receivables and $41.8 from payables and accrued liabilities, partially offset by $79.8 from other receivables. the use of cash within "payables and accrued liabilities" was primarily driven by a $48.9 decrease in accrued utilities and a $30.3 decrease in accrued interest, partially offset by a $51.6 increase in customer advances primarily related to sale of equipment activity. the decrease in accrued utilities was primarily driven by a contract modification to a tolling arrangement in india and lower utility costs in the industrial gases 2013 americas segment. the source of cash from other receivables of $79.8 was primarily due to the maturities of forward exchange contracts that hedged foreign currency exposures and the collection of value added taxes. for the fiscal year ended 30 september 2018, cash provided by operating activities was $2547.2, including income from continuing operations of $1455.6. other adjustments of $131.6 include a $54.9 net impact from the remeasurement of intercompany transactions. the related hedging instruments that eliminate the earnings impact are included as a working capital adjustment in other receivables or payables and accrued liabilities. in addition, other adjustments were impacted by cash received from the early termination of a cross currency swap of $54.4, as well as the excess of pension expense over pension contributions of $23.5. the working capital accounts were a use of cash of $265.4, primarily driven by payables and accrued liabilities, inventories, and trade receivables, partially offset by other receivables. the use of cash in payables and accrued liabilities of $277.7 includes a decrease in customer advances of $145.7 primarily related to sale of equipment activity and $67.1 for maturities of forward exchange contracts that hedged foreign currency exposures. the use of cash in inventories primarily resulted from the purchase of helium molecules. in addition, inventories reflect the noncash impact of our change in accounting for u.s. inventories from lifo to fifo. the source of cash from other receivables of $128.3 was primarily due to the maturities of forward exchange contracts that hedged foreign currency exposures.. what was the amount of cash provided by operating activities? 2547.2 what was cash spent from investing activities? 1641.6 what is cash provided from operating activities less cash spent from investing activities?

905.6

results of operations operating revenues millions 2014 2013 2012% (%) change 2014 v 2013% (%) change 2013 v 2012. millions | 2014 | 2013 | 2012 |% (%) change 2014 v 2013 |% (%) change 2013 v 2012 freight revenues | $22560 | $20684 | $19686 | 9% (9%) | 5% (5%) other revenues | 1428 | 1279 | 1240 | 12% (12%) | 3% (3%) total | $23988 | $21963 | $20926 | 9% (9%) | 5% (5%) we generate freight revenues by transporting freight or other materials from our six commodity groups. freight revenues vary with volume (carloads) and average revenue per car (arc). changes in price, traffic mix and fuel surcharges drive arc. we provide some of our customers with contractual incentives for meeting or exceeding specified cumulative volumes or shipping to and from specific locations, which we record as reductions to freight revenues based on the actual or projected future shipments. we recognize freight revenues as shipments move from origin to destination. we allocate freight revenues between reporting periods based on the relative transit time in each reporting period and recognize expenses as we incur them. other revenues include revenues earned by our subsidiaries, revenues from our commuter rail operations, and accessorial revenues, which we earn when customers retain equipment owned or controlled by us or when we perform additional services such as switching or storage. we recognize other revenues as we perform services or meet contractual obligations. freight revenues from all six commodity groups increased during 2014 compared to 2013 driven by 7% (7%) volume growth and core pricing gains of 2.5% (2.5%). volume growth from grain, frac sand, rock, and intermodal (domestic and international) shipments offset declines in crude oil. freight revenues from five of our six commodity groups increased during 2013 compared to 2012. revenue from agricultural products was down slightly compared to 2012. arc increased 5% (5%), driven by core pricing gains, shifts in business mix and an automotive logistics management arrangement. volume essentially was flat year over year as growth in automotive, frac sand, crude oil and domestic intermodal offset declines in coal, international intermodal and grain shipments. our fuel surcharge programs generated freight revenues of $2.8 billion, $2.6 billion, and $2.6 billion in 2014, 2013, and 2012, respectively. fuel surcharge in 2014 increased 6% (6%) driven by our 7% (7%) carloadings increase. fuel surcharge in 2013 essentially was flat versus 2012 as lower fuel price offset improved fuel recovery provisions and the lag effect of our programs (surcharges trail fluctuations in fuel price by approximately two months). in 2014, other revenue increased from 2013 due to higher revenues at our subsidiaries, primarily those that broker intermodal and automotive services, accessorial revenue driven by increased volume and per diem revenue for container usage (previously included in automotive freight revenue). in 2013, other revenue increased from 2012 due primarily to miscellaneous contract revenue and higher revenues at our subsidiaries that broker intermodal and automotive services.. how much does the fuel surcharge revenue in 2014 represent in relation to the one in 2013? 1.07692 and what was, in billions, that fuel surcharge revenue in 2014?

2.8

the aes corporation notes to consolidated financial statements 2014 (continued) december 31, 2017, 2016, and 2015 was dispatched starting in february 2018. aes puerto rico continues to be the lowest cost and epa compliant energy provider in puerto rico. therefore, we expect aes puerto rico to continue to be a critical supplier to prepa. starting prior to the hurricanes, prepa has been facing economic challenges that could impact the company, and on july 2, 2017, filed for bankruptcy under title iii. as a result of the bankruptcy filing, aes puerto rico and aes ilumina 2019s non-recourse debt of $365 million and $36 million, respectively, is in default and has been classified as current as of december 31, 2017. in november 2017, aes puerto rico signed a forbearance and standstill agreement with its lenders to prevent the lenders from taking any action against the company due to the default events. this agreement will expire on march 22, 2018. the company's receivable balances in puerto rico as of december 31, 2017 totaled $86 million, of which $53 million was overdue. after the filing of title iii protection, and up until the disruption caused by the hurricanes, aes in puerto rico was collecting the overdue amounts from prepa in line with historic payment patterns. considering the information available as of the filing date, management believes the carrying amount of our assets in puerto rico of $627 million is recoverable as of december 31, 2017 and no reserve on the receivables is required. foreign currency risks 2014 aes operates businesses in many foreign countries and such operations could be impacted by significant fluctuations in foreign currency exchange rates. fluctuations in currency exchange rate between u.s. dollar and the following currencies could create significant fluctuations in earnings and cash flows: the argentine peso, the brazilian real, the dominican republic peso, the euro, the chilean peso, the colombian peso, and the philippine peso. concentrations 2014 due to the geographical diversity of its operations, the company does not have any significant concentration of customers or sources of fuel supply. several of the company's generation businesses rely on ppas with one or a limited number of customers for the majority of, and in some cases all of, the relevant businesses' output over the term of the ppas. however, no single customer accounted for 10% (10%) or more of total revenue in 2017, 2016 or 2015. the cash flows and results of operations of our businesses depend on the credit quality of our customers and the continued ability of our customers and suppliers to meet their obligations under ppas and fuel supply agreements. if a substantial portion of the company's long-term ppas and/or fuel supply were modified or terminated, the company would be adversely affected to the extent that it would be unable to replace such contracts at equally favorable terms. 26. related party transactions certain of our businesses in panama and the dominican republic are partially owned by governments either directly or through state-owned institutions. in the ordinary course of business, these businesses enter into energy purchase and sale transactions, and transmission agreements with other state-owned institutions which are controlled by such governments. at two of our generation businesses in mexico, the offtakers exercise significant influence, but not control, through representation on these businesses' boards of directors. these offtakers are also required to hold a nominal ownership interest in such businesses. in chile, we provide capacity and energy under contractual arrangements to our investment which is accounted for under the equity method of accounting. additionally, the company provides certain support and management services to several of its affiliates under various agreements. the company's consolidated statements of operations included the following transactions with related parties for the periods indicated (in millions):. years ended december 31, | 2017 | 2016 | 2015 revenue 2014non-regulated | $1297 | $1100 | $1099 cost of sales 2014non-regulated | 220 | 210 | 330 interest income | 8 | 4 | 25 interest expense | 36 | 39 | 33 . what was the total of revenues for transactions with related parties in 2017? 1297.0 and what was that in 2016? 1100.0 what was, then, the change over the year? 197.0 what was the total of revenues for transactions with related parties in 2016? 1100.0 and how much does that change represent in relation to this 2016 total, in percentage?

0.17909

stock-based awards under the plan stock options 2013 marathon grants stock options under the 2007 plan and previously granted options under the 2003 plan. marathon 2019s stock options represent the right to purchase shares of common stock at the fair market value of the common stock on the date of grant. through 2004, certain stock options were granted under the 2003 plan with a tandem stock appreciation right, which allows the recipient to instead elect to receive cash and/or common stock equal to the excess of the fair market value of shares of common stock, as determined in accordance with the 2003 plan, over the option price of the shares. in general, stock options granted under the 2007 plan and the 2003 plan vest ratably over a three-year period and have a maximum term of ten years from the date they are granted. stock appreciation rights 2013 prior to 2005, marathon granted sars under the 2003 plan. no stock appreciation rights have been granted under the 2007 plan. similar to stock options, stock appreciation rights represent the right to receive a payment equal to the excess of the fair market value of shares of common stock on the date the right is exercised over the grant price. under the 2003 plan, certain sars were granted as stock-settled sars and others were granted in tandem with stock options. in general, sars granted under the 2003 plan vest ratably over a three-year period and have a maximum term of ten years from the date they are granted. stock-based performance awards 2013 prior to 2005, marathon granted stock-based performance awards under the 2003 plan. no stock-based performance awards have been granted under the 2007 plan. beginning in 2005, marathon discontinued granting stock-based performance awards and instead now grants cash-settled performance units to officers. all stock-based performance awards granted under the 2003 plan have either vested or been forfeited. as a result, there are no outstanding stock-based performance awards. restricted stock 2013 marathon grants restricted stock and restricted stock units under the 2007 plan and previously granted such awards under the 2003 plan. in 2005, the compensation committee began granting time-based restricted stock to certain u.s.-based officers of marathon and its consolidated subsidiaries as part of their annual long-term incentive package. the restricted stock awards to officers vest three years from the date of grant, contingent on the recipient 2019s continued employment. marathon also grants restricted stock to certain non-officer employees and restricted stock units to certain international employees (201crestricted stock awards 201d), based on their performance within certain guidelines and for retention purposes. the restricted stock awards to non-officers generally vest in one-third increments over a three-year period, contingent on the recipient 2019s continued employment. prior to vesting, all restricted stock recipients have the right to vote such stock and receive dividends thereon. the non-vested shares are not transferable and are held by marathon 2019s transfer agent. common stock units 2013 marathon maintains an equity compensation program for its non-employee directors under the 2007 plan and previously maintained such a program under the 2003 plan. all non-employee directors other than the chairman receive annual grants of common stock units, and they are required to hold those units until they leave the board of directors. when dividends are paid on marathon common stock, directors receive dividend equivalents in the form of additional common stock units. stock-based compensation expense 2013 total employee stock-based compensation expense was $80 million, $83 million and $111 million in 2007, 2006 and 2005. the total related income tax benefits were $29 million, $31 million and $39 million. in 2007 and 2006, cash received upon exercise of stock option awards was $27 million and $50 million. tax benefits realized for deductions during 2007 and 2006 that were in excess of the stock-based compensation expense recorded for options exercised and other stock-based awards vested during the period totaled $30 million and $36 million. cash settlements of stock option awards totaled $1 million and $3 million in 2007 and 2006. stock option awards granted 2013 during 2007, 2006 and 2005, marathon granted stock option awards to both officer and non-officer employees. the weighted average grant date fair value of these awards was based on the following black-scholes assumptions:. - | 2007 | 2006 | 2005 weighted average exercise price per share | $60.94 | $37.84 | $25.14 expected annual dividends per share | $0.96 | $0.80 | $0.66 expected life in years | 5.0 | 5.1 | 5.5 expected volatility | 27% (27%) | 28% (28%) | 28% (28%) risk-free interest rate | 4.1% (4.1%) | 5.0% (5.0%) | 3.8% (3.8%) weighted average grant date fair value of stock option awards granted | $17.24 | $10.19 | $6.15 . how much did the weighted average exercise price per share increase between 2005 and 2007?

35.8

management 2019s discussion and analysis of financial condition and results of operations 2013 (continued) (amounts in millions, except per share amounts) liquidity and capital resources cash flow overview the following tables summarize key financial data relating to our liquidity, capital resources and uses of capital.. cash flow data | years ended december 31, 2015 | years ended december 31, 2014 | years ended december 31, 2013 net income adjusted to reconcile net income to net cashprovided by operating activities1 | $848.2 | $831.2 | $598.4 net cash used in working capital2 | -117.5 (117.5) | -131.1 (131.1) | -9.6 (9.6) changes in other non-current assets and liabilities using cash | -56.7 (56.7) | -30.6 (30.6) | 4.1 net cash provided by operating activities | $674.0 | $669.5 | $592.9 net cash used in investing activities | -202.8 (202.8) | -200.8 (200.8) | -224.5 (224.5) net cash used in financing activities | -472.8 (472.8) | -343.9 (343.9) | -1212.3 (1212.3) 1 reflects net income adjusted primarily for depreciation and amortization of fixed assets and intangible assets, amortization of restricted stock and other non-cash compensation, non-cash (gain) loss related to early extinguishment of debt, losses on sales of businesses and deferred income taxes. 2 reflects changes in accounts receivable, expenditures billable to clients, other current assets, accounts payable and accrued liabilities. operating activities net cash provided by operating activities during 2015 was $674.0, which was an improvement of $4.5 as compared to 2014, primarily as a result of an improvement in working capital usage of $13.6. due to the seasonality of our business, we typically generate cash from working capital in the second half of a year and use cash from working capital in the first half of a year, with the largest impacts in the first and fourth quarters. our net working capital usage in 2015 was primarily attributable to our media businesses. net cash provided by operating activities during 2014 was $669.5, which was an improvement of $76.6 as compared to 2013, primarily as a result of an increase in net income, offset by an increase in working capital usage of $121.5. our net working capital usage in 2014 was impacted by our media businesses. the timing of media buying on behalf of our clients affects our working capital and operating cash flow. in most of our businesses, our agencies enter into commitments to pay production and media costs on behalf of clients. to the extent possible, we pay production and media charges after we have received funds from our clients. the amounts involved substantially exceed our revenues and primarily affect the level of accounts receivable, expenditures billable to clients, accounts payable and accrued liabilities. our assets include both cash received and accounts receivable from clients for these pass-through arrangements, while our liabilities include amounts owed on behalf of clients to media and production suppliers. our accrued liabilities are also affected by the timing of certain other payments. for example, while annual cash incentive awards are accrued throughout the year, they are generally paid during the first quarter of the subsequent year. investing activities net cash used in investing activities during 2015 primarily related to payments for capital expenditures of $161.1, largely attributable to purchases of leasehold improvements and computer hardware. net cash used in investing activities during 2014 primarily related to payments for capital expenditures and acquisitions. capital expenditures of $148.7 related primarily to computer hardware and software and leasehold improvements. we made payments of $67.8 related to acquisitions completed during 2014, net of cash acquired.. what was the change in the total cash flow between 2014 and 2015? 17.0 so what was the percentage increase during this time? 0.02045 and converted from a decimal to a percentage? 2.04524 what was the net change in cash from operating and investing activities?

471.2

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. 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 (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.. what is the price of pmi in 2014? 97.9 what is the price of pmi in 2014 less 100?

-2.1

backlog applied manufactures systems to meet demand represented by order backlog and customer commitments. backlog consists of: (1) orders for which written authorizations have been accepted and assigned shipment dates are within the next 12 months, or shipment has occurred but revenue has not been recognized; and (2) contractual service revenue and maintenance fees to be earned within the next 12 months. backlog by reportable segment as of october 26, 2014 and october 27, 2013 was as follows: 2014 2013 (in millions, except percentages). - | 2014 | 2013 | - | (in millions except percentages) silicon systems group | $1400 | 48% (48%) | $1295 | 55% (55%) applied global services | 775 | 27% (27%) | 591 | 25% (25%) display | 593 | 20% (20%) | 361 | 15% (15%) energy and environmental solutions | 149 | 5% (5%) | 125 | 5% (5%) total | $2917 | 100% (100%) | $2372 | 100% (100%) applied 2019s backlog on any particular date is not necessarily indicative of actual sales for any future periods, due to the potential for customer changes in delivery schedules or cancellation of orders. customers may delay delivery of products or cancel orders prior to shipment, subject to possible cancellation penalties. delays in delivery schedules and/or a reduction of backlog during any particular period could have a material adverse effect on applied 2019s business and results of operations. manufacturing, raw materials and supplies applied 2019s manufacturing activities consist primarily of assembly, test and integration of various proprietary and commercial parts, components and subassemblies (collectively, parts) that are used to manufacture systems. applied has implemented a distributed manufacturing model under which manufacturing and supply chain activities are conducted in various countries, including the united states, europe, israel, singapore, taiwan, and other countries in asia, and assembly of some systems is completed at customer sites. applied uses numerous vendors, including contract manufacturers, to supply parts and assembly services for the manufacture and support of its products. although applied makes reasonable efforts to assure that parts are available from multiple qualified suppliers, this is not always possible. accordingly, some key parts may be obtained from only a single supplier or a limited group of suppliers. applied seeks to reduce costs and to lower the risks of manufacturing and service interruptions by: (1) selecting and qualifying alternate suppliers for key parts; (2) monitoring the financial condition of key suppliers; (3) maintaining appropriate inventories of key parts; (4) qualifying new parts on a timely basis; and (5) locating certain manufacturing operations in close proximity to suppliers and customers. research, development and engineering applied 2019s long-term growth strategy requires continued development of new products, including products that enable expansion into new markets. the company 2019s significant investment in research, development and engineering (rd&e) has generally enabled it to deliver new products and technologies before the emergence of strong demand, thus allowing customers to incorporate these products into their manufacturing plans at an early stage in the technology selection cycle. applied works closely with its global customers to design systems and processes that meet their planned technical and production requirements. product development and engineering organizations are located primarily in the united states, as well as in europe, israel, taiwan, and china. in addition, applied outsources certain rd&e activities, some of which are performed outside the united states, primarily in india and singapore. process support and customer demonstration laboratories are located in the united states, china, taiwan, europe, and israel. applied 2019s investments in rd&e for product development and engineering programs to create or improve products and technologies over the last three years were as follows: $1.4 billion (16 percent of net sales) in fiscal 2014, $1.3 billion (18 percent of net sales) in fiscal 2013, and $1.2 billion (14 percent of net sales) in fiscal 2012. applied has spent an average of 13 percent of net sales in rd&e over the last five years. in addition to rd&e for specific product technologies, applied maintains ongoing programs for automation control systems, materials research, and environmental control that are applicable to its products.. what were net sales in 2014? 0.0875 and in 2013?

0.07222

the defined benefit pension plans 2019 trust and $130 million to our retiree medical plans which will reduce our cash funding requirements for 2007 and 2008. in 2007, we expect to make no contributions to the defined benefit pension plans and expect to contribute $175 million to the retiree medical and life insurance plans, after giving consideration to the 2006 prepayments. the following benefit payments, which reflect expected future service, as appropriate, are expected to be paid: (in millions) pension benefits benefits. (in millions) | pensionbenefits | otherbenefits 2007 | $1440 | $260 2008 | 1490 | 260 2009 | 1540 | 270 2010 | 1600 | 270 2011 | 1660 | 270 years 2012 2013 2016 | 9530 | 1260 as noted previously, we also sponsor nonqualified defined benefit plans to provide benefits in excess of qualified plan limits. the aggregate liabilities for these plans at december 31, 2006 were $641 million. the expense associated with these plans totaled $59 million in 2006, $58 million in 2005 and $61 million in 2004. we also sponsor a small number of foreign benefit plans. the liabilities and expenses associated with these plans are not material to our results of operations, financial position or cash flows. note 13 2013 leases our total rental expense under operating leases was $310 million, $324 million and $318 million for 2006, 2005 and 2004, respectively. future minimum lease commitments at december 31, 2006 for all operating leases that have a remaining term of more than one year were $1.1 billion ($288 million in 2007, $254 million in 2008, $211 million in 2009, $153 million in 2010, $118 million in 2011 and $121 million in later years). certain major plant facilities and equipment are furnished by the u.s. government under short-term or cancelable arrangements. note 14 2013 legal proceedings, commitments and contingencies we are a party to or have property subject to litigation and other proceedings, including matters arising under provisions relating to the protection of the environment. we believe the probability is remote that the outcome of these matters will have a material adverse effect on the corporation as a whole. we cannot predict the outcome of legal proceedings with certainty. these matters include the following items, all of which have been previously reported: on march 27, 2006, we received a subpoena issued by a grand jury in the united states district court for the northern district of ohio. the subpoena requests documents related to our application for patents issued in the united states and the united kingdom relating to a missile detection and warning technology. we are cooperating with the government 2019s investigation. on february 6, 2004, we submitted a certified contract claim to the united states requesting contractual indemnity for remediation and litigation costs (past and future) related to our former facility in redlands, california. we submitted the claim consistent with a claim sponsorship agreement with the boeing company (boeing), executed in 2001, in boeing 2019s role as the prime contractor on the short range attack missile (sram) program. the contract for the sram program, which formed a significant portion of our work at the redlands facility, had special contractual indemnities from the u.s. air force, as authorized by public law 85-804. on august 31, 2004, the united states denied the claim. our appeal of that decision is pending with the armed services board of contract appeals. on august 28, 2003, the department of justice (the doj) filed complaints in partial intervention in two lawsuits filed under the qui tam provisions of the civil false claims act in the united states district court for the western district of kentucky, united states ex rel. natural resources defense council, et al v. lockheed martin corporation, et al, and united states ex rel. john d. tillson v. lockheed martin energy systems, inc., et al. the doj alleges that we committed violations of the resource conservation and recovery act at the paducah gaseous diffusion plant by not properly handling, storing. as of december 31, 2006, what was the total of the future minimum lease commitments for all operating leases that have a remaining term of more than one year? 1100.0 and what percentage from those commitments was due in 2007?

0.26182

entergy mississippi, inc. management 2019s financial discussion and analysis 2010 compared to 2009 net revenue consists of operating revenues net of: 1) fuel, fuel-related expenses, and gas purchased for resale, 2) purchased power expenses, and 3) other regulatory charges (credits). following is an analysis of the change in net revenue comparing 2010 to 2009. amount (in millions). - | amount (in millions) 2009 net revenue | $536.7 volume/weather | 18.9 other | -0.3 (0.3) 2010 net revenue | $555.3 the volume/weather variance is primarily due to an increase of 1046 gwh, or 8% (8%), in billed electricity usage in all sectors, primarily due to the effect of more favorable weather on the residential sector. gross operating revenues, fuel and purchased power expenses, and other regulatory charges (credits) gross operating revenues increased primarily due to an increase of $22 million in power management rider revenue as the result of higher rates, the volume/weather variance discussed above, and an increase in grand gulf rider revenue as a result of higher rates and increased usage, offset by a decrease of $23.5 million in fuel cost recovery revenues due to lower fuel rates. fuel and purchased power expenses decreased primarily due to a decrease in deferred fuel expense as a result of prior over-collections, offset by an increase in the average market price of purchased power coupled with increased net area demand. other regulatory charges increased primarily due to increased recovery of costs associated with the power management recovery rider. other income statement variances 2011 compared to 2010 other operation and maintenance expenses decreased primarily due to: a $5.4 million decrease in compensation and benefits costs primarily resulting from an increase in the accrual for incentive-based compensation in 2010 and a decrease in stock option expense; and the sale of $4.9 million of surplus oil inventory. the decrease was partially offset by an increase of $3.9 million in legal expenses due to the deferral in 2010 of certain litigation expenses in accordance with regulatory treatment. taxes other than income taxes increased primarily due to an increase in ad valorem taxes due to a higher 2011 assessment as compared to 2010, partially offset by higher capitalized property taxes as compared with prior year. depreciation and amortization expenses increased primarily due to an increase in plant in service. interest expense decreased primarily due to a revision caused by ferc 2019s acceptance of a change in the treatment of funds received from independent power producers for transmission interconnection projects.. what is the effect of volume/weather in net revenue during 2010, in millions? 18.9 what about in full dollars?

18900000.0

38 2013 ppg annual report and form 10-k notes to the consolidated financial statements 1. summary of significant accounting policies principles of consolidation the accompanying consolidated financial statements include the accounts of ppg industries, inc. (201cppg 201d or the 201ccompany 201d) and all subsidiaries, both u.s. and non-u.s., that it controls. ppg owns more than 50% (50%) of the voting stock of most of the subsidiaries that it controls. for those consolidated subsidiaries in which the company 2019s ownership is less than 100% (100%), the outside shareholders 2019 interests are shown as noncontrolling interests. investments in companies in which ppg owns 20% (20%) to 50% (50%) of the voting stock and has the ability to exercise significant influence over operating and financial policies of the investee are accounted for using the equity method of accounting. as a result, ppg 2019s share of the earnings or losses of such equity affiliates is included in the accompanying consolidated statement of income and ppg 2019s share of these companies 2019 shareholders 2019 equity is included in "investments" in the accompanying consolidated balance sheet. transactions between ppg and its subsidiaries are eliminated in consolidation. use of estimates in the preparation of financial statements the preparation of financial statements in conformity with u.s. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of income and expenses during the reporting period. such estimates also include the fair value of assets acquired and liabilities assumed as a result of allocations of purchase price of business combinations consummated. actual outcomes could differ from those estimates. revenue recognition the company recognizes revenue when the earnings process is complete. revenue from sales is recognized by all operating segments when goods are shipped and title to inventory and risk of loss passes to the customer or when services have been rendered. shipping and handling costs amounts billed to customers for shipping and handling are reported in 201cnet sales 201d in the accompanying consolidated statement of income. shipping and handling costs incurred by the company for the delivery of goods to customers are included in 201ccost of sales, exclusive of depreciation and amortization 201d in the accompanying consolidated statement of income. selling, general and administrative costs amounts presented as 201cselling, general and administrative 201d in the accompanying consolidated statement of income are comprised of selling, customer service, distribution and advertising costs, as well as the costs of providing corporate- wide functional support in such areas as finance, law, human resources and planning. distribution costs pertain to the movement and storage of finished goods inventory at company- owned and leased warehouses, terminals and other distribution facilities. advertising costs advertising costs are expensed in the year incurred and totaled $345 million, $288 million and $245 million in 2013, 2012 and 2011, respectively. research and development research and development costs, which consist primarily of employee related costs, are charged to expense as incurred. the following are the research and development costs for the years ended december 31:. (millions) | 2013 | 2012 | 2011 research and development 2013 total | $505 | $468 | $443 less depreciation on research facilities | 17 | 15 | 15 research and development net | $488 | $453 | $428 legal costs legal costs are expensed as incurred. legal costs incurred by ppg include legal costs associated with acquisition and divestiture transactions, general litigation, environmental regulation compliance, patent and trademark protection and other general corporate purposes. foreign currency translation the functional currency of most significant non-u.s. operations is their local currency. assets and liabilities of those operations are translated into u.s. dollars using year-end exchange rates; income and expenses are translated using the average exchange rates for the reporting period. unrealized foreign currency translation adjustments are deferred in accumulated other comprehensive loss, a separate component of shareholders 2019 equity. cash equivalents cash equivalents are highly liquid investments (valued at cost, which approximates fair value) acquired with an original maturity of three months or less. short-term investments short-term investments are highly liquid, high credit quality investments (valued at cost plus accrued interest) that have stated maturities of greater than three months to one year. the purchases and sales of these investments are classified as investing activities in the consolidated statement of cash flows. marketable equity securities the company 2019s investment in marketable equity securities is recorded at fair market value and reported in 201cother current assets 201d and 201cinvestments 201d in the accompanying consolidated balance sheet with changes in fair market value recorded in income for those securities designated as trading securities and in other comprehensive income, net of tax, for those designated as available for sale securities.. what was the research and development net in 2013?

488.0

included in the corporate and consumer loan tables above are purchased distressed loans, which are loans that have evidenced significant credit deterioration subsequent to origination but prior to acquisition by citigroup. in accordance with sop 03-3, the difference between the total expected cash flows for these loans and the initial recorded investments is recognized in income over the life of the loans using a level yield. accordingly, these loans have been excluded from the impaired loan information presented above. in addition, per sop 03-3, subsequent decreases to the expected cash flows for a purchased distressed loan require a build of an allowance so the loan retains its level yield. however, increases in the expected cash flows are first recognized as a reduction of any previously established allowance and then recognized as income prospectively over the remaining life of the loan by increasing the loan 2019s level yield. where the expected cash flows cannot be reliably estimated, the purchased distressed loan is accounted for under the cost recovery method. the carrying amount of the company 2019s purchased distressed loan portfolio at december 31, 2010 was $392 million, net of an allowance of $77 million as of december 31, 2010. the changes in the accretable yield, related allowance and carrying amount net of accretable yield for 2010 are as follows: in millions of dollars accretable carrying amount of loan receivable allowance. in millions of dollars | accretable yield | carrying amount of loan receivable | allowance beginning balance | $27 | $920 | $95 purchases (1) | 1 | 130 | 2014 disposals/payments received | -11 (11) | -594 (594) | 2014 accretion | -44 (44) | 44 | 2014 builds (reductions) to the allowance | 128 | 2014 | -18 (18) increase to expected cash flows | -2 (2) | 19 | 2014 fx/other | 17 | -50 (50) | 2014 balance at december 31 2010 (2) | $116 | $469 | $77 (1) the balance reported in the column 201ccarrying amount of loan receivable 201d consists of $130 million of purchased loans accounted for under the level-yield method and $0 under the cost-recovery method. these balances represent the fair value of these loans at their acquisition date. the related total expected cash flows for the level-yield loans were $131 million at their acquisition dates. (2) the balance reported in the column 201ccarrying amount of loan receivable 201d consists of $315 million of loans accounted for under the level-yield method and $154 million accounted for under the cost-recovery method.. what is the difference between the beginning balance carrying amount of loan receivables and allowance? 825.0 what was this difference at the end of 2010? 392.0 what is the net difference?

-433.0

page 15 of 100 shareholder return performance the line graph below compares the annual percentage change in ball corporation 2019s cumulative total shareholder return on its common stock with the cumulative total return of the dow jones containers & packaging index and the s&p composite 500 stock index for the five-year period ended december 31, 2010. it assumes $100 was invested on december 31, 2005, and that all dividends were reinvested. the dow jones containers & packaging index total return has been weighted by market capitalization. total return analysis. - | 12/31/05 | 12/31/06 | 12/31/07 | 12/31/08 | 12/31/09 | 12/31/10 ball corporation | $100.00 | $110.86 | $115.36 | $107.58 | $134.96 | $178.93 dj containers & packaging index | $100.00 | $112.09 | $119.63 | $75.00 | $105.34 | $123.56 s&p 500 index | $100.00 | $115.80 | $122.16 | $76.96 | $97.33 | $111.99 copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc. all rights reserved. (www.researchdatagroup.com/s&p.htm) | copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc. all rights reserved. (www.researchdatagroup.com/s&p.htm) | copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc. all rights reserved. (www.researchdatagroup.com/s&p.htm) | copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc. all rights reserved. (www.researchdatagroup.com/s&p.htm) | copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc. all rights reserved. (www.researchdatagroup.com/s&p.htm) | copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc. all rights reserved. (www.researchdatagroup.com/s&p.htm) | copyright a9 2011 standard & poor 2019s a division of the mcgraw-hill companies inc. all rights reserved. (www.researchdatagroup.com/s&p.htm) copyright a9 2011 dow jones & company. all rights reserved. | copyright a9 2011 dow jones & company. all rights reserved. | copyright a9 2011 dow jones & company. all rights reserved. | copyright a9 2011 dow jones & company. all rights reserved. | copyright a9 2011 dow jones & company. all rights reserved. | copyright a9 2011 dow jones & company. all rights reserved. | copyright a9 2011 dow jones & company. all rights reserved. . what was the change in price for ball corporation between 12/31/10 and 12/31/05? 78.93 so what was the percentage cumulative return during this time?

0.7893

impairment the following table presents net unrealized losses on securities available for sale as of december 31:. (in millions) | 2011 | 2010 fair value | $99832 | $81881 amortized cost | 100013 | 82329 net unrealized loss pre-tax | $-181 (181) | $-448 (448) net unrealized loss after-tax | $-113 (113) | $-270 (270) the net unrealized amounts presented above excluded the remaining net unrealized losses related to reclassifications of securities available for sale to securities held to maturity. these unrealized losses related to reclassifications totaled $303 million, or $189 million after-tax, and $523 million, or $317 million after-tax, as of december 31, 2011 and 2010, respectively, and were recorded in accumulated other comprehensive income, or oci. refer to note 12 to the consolidated financial statements included under item 8. the decline in these remaining after-tax unrealized losses related to reclassifications from december 31, 2010 to december 31, 2011 resulted primarily from amortization. we conduct periodic reviews of individual securities to assess whether other-than-temporary impairment exists. to the extent that other-than-temporary impairment is identified, the impairment is broken into a credit component and a non-credit component. the credit component is recorded in our consolidated statement of income, and the non-credit component is recorded in oci to the extent that we do not intend to sell the security. our assessment of other-than-temporary impairment involves an evaluation, more fully described in note 3, of economic and security-specific factors. such factors are based on estimates, derived by management, which contemplate current market conditions and security-specific performance. to the extent that market conditions are worse than management 2019s expectations, other-than-temporary impairment could increase, in particular, the credit component that would be recorded in our consolidated statement of income. given the exposure of our investment securities portfolio, particularly mortgage- and asset-backed securities, to residential mortgage and other consumer credit risks, the performance of the u.s. housing market is a significant driver of the portfolio 2019s credit performance. as such, our assessment of other-than-temporary impairment relies to a significant extent on our estimates of trends in national housing prices. generally, indices that measure trends in national housing prices are published in arrears. as of september 30, 2011, national housing prices, according to the case-shiller national home price index, had declined by approximately 31.3% (31.3%) peak-to-current. overall, management 2019s expectation, for purposes of its evaluation of other-than-temporary impairment as of december 31, 2011, was that housing prices would decline by approximately 35% (35%) peak-to-trough. the performance of certain mortgage products and vintages of securities continues to deteriorate. in addition, management continues to believe that housing prices will decline further as indicated above. the combination of these factors has led to an increase in management 2019s overall loss expectations. our investment portfolio continues to be sensitive to management 2019s estimates of future cumulative losses. ultimately, other-than- temporary impairment is based on specific cusip-level detailed analysis of the unique characteristics of each security. in addition, we perform sensitivity analysis across each significant product type within the non-agency u.s. residential mortgage-backed portfolio. we estimate, for example, that other-than-temporary impairment of the investment portfolio could increase by approximately $10 million to $50 million, if national housing prices were to decline by 37% (37%) to 39% (39%) peak-to-trough, compared to management 2019s expectation of 35% (35%) described above. this sensitivity estimate is based on a number of factors, including, but not limited to, the level of housing prices and the timing of defaults. to the extent that such factors differ substantially from management 2019s current expectations, resulting loss estimates may differ materially from those stated. excluding the securities for which other-than-temporary impairment was recorded in 2011, management considers the aggregate decline in fair value of the remaining. what was the total of unrealized losses related to reclassifications in 2011, before tax? 303.0 and what was it after tax? 189.0 what was, then, the impact of the tax on that total? 114.0 and between that year and the previous, 2010, what was the change in the fair value of the full unrealized losses? 17951.0 what is this change as a percentage of that fair value in 2010?

0.21923

part ii item 5. market for registrant 2019s common equity, related stockholder matters and issuer purchases of equity securities the following table presents reported quarterly high and low per share sale prices of our common stock on the new york stock exchange (201cnyse 201d) for the years 2010 and 2009.. 2010 | high | low quarter ended march 31 | $44.61 | $40.10 quarter ended june 30 | 45.33 | 38.86 quarter ended september 30 | 52.11 | 43.70 quarter ended december 31 | 53.14 | 49.61 2009 | high | low quarter ended march 31 | $32.53 | $25.45 quarter ended june 30 | 34.52 | 27.93 quarter ended september 30 | 37.71 | 29.89 quarter ended december 31 | 43.84 | 35.03 on february 11, 2011, the closing price of our common stock was $56.73 per share as reported on the nyse. as of february 11, 2011, we had 397612895 outstanding shares of common stock and 463 registered holders. dividends we have not historically paid a dividend on our common stock. payment of dividends in the future, when, as and if authorized by our board of directors, would depend upon many factors, including our earnings and financial condition, restrictions under applicable law and our current and future loan agreements, our debt service requirements, our capital expenditure requirements and other factors that our board of directors may deem relevant from time to time, including the potential determination to elect reit status. in addition, the loan agreement for our revolving credit facility and term loan contain covenants that generally restrict our ability to pay dividends unless certain financial covenants are satisfied. for more information about the restrictions under the loan agreement for the revolving credit facility and term loan, our notes indentures and the loan agreement related to our securitization, see 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 2014factors affecting sources of liquidity 201d and note 6 to our consolidated financial statements included in this annual report.. what was the closing price of the common stock in february of 2011? 56.73 and what was its highest value during the last quarter of the year before, in 2010? 53.14 by how much, then, did it change over this period?

3.59

entergy corporation and subsidiaries notes to financial statements (a) consists of pollution control revenue bonds and environmental revenue bonds, some of which are secured by collateral first mortgage bonds. (b) these notes do not have a stated interest rate, but have an implicit interest rate of 4.8% (4.8%). (c) pursuant to the nuclear waste policy act of 1982, entergy 2019s nuclear owner/licensee subsidiaries have contracts with the doe for spent nuclear fuel disposal service. the contracts include a one-time fee for generation prior to april 7, 1983. entergy arkansas is the only entergy company that generated electric power with nuclear fuel prior to that date and includes the one-time fee, plus accrued interest, in long-term (d) see note 10 to the financial statements for further discussion of the waterford 3 and grand gulf lease obligations. (e) the fair value excludes lease obligations of $149 million at entergy louisiana and $97 million at system energy, long-term doe obligations of $181 million at entergy arkansas, and the note payable to nypa of $95 million at entergy, and includes debt due within one year. fair values are classified as level 2 in the fair value hierarchy discussed in note 16 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades. the annual long-term debt maturities (excluding lease obligations and long-term doe obligations) for debt outstanding as of december 31, 2013, for the next five years are as follows: amount (in thousands). - | amount (in thousands) 2014 | $385373 2015 | $1110566 2016 | $270852 2017 | $766801 2018 | $1324616 in november 2000, entergy 2019s non-utility nuclear business purchased the fitzpatrick and indian point 3 power plants in a seller-financed transaction. entergy issued notes to nypa with seven annual installments of approximately $108 million commencing one year from the date of the closing, and eight annual installments of $20 million commencing eight years from the date of the closing. these notes do not have a stated interest rate, but have an implicit interest rate of 4.8% (4.8%). in accordance with the purchase agreement with nypa, the purchase of indian point 2 in 2001 resulted in entergy becoming liable to nypa for an additional $10 million per year for 10 years, beginning in september 2003. this liability was recorded upon the purchase of indian point 2 in september 2001. in july 2003 a payment of $102 million was made prior to maturity on the note payable to nypa. under a provision in a letter of credit supporting these notes, if certain of the utility operating companies or system energy were to default on other indebtedness, entergy could be required to post collateral to support the letter of credit. entergy gulf states louisiana, entergy louisiana, entergy mississippi, entergy texas, and system energy have obtained long-term financing authorizations from the ferc that extend through october 2015. entergy arkansas has obtained long-term financing authorization from the apsc that extends through december 2015. entergy new orleans has obtained long-term financing authorization from the city council that extends through july 2014. capital funds agreement pursuant to an agreement with certain creditors, entergy corporation has agreed to supply system energy with sufficient capital to: 2022 maintain system energy 2019s equity capital at a minimum of 35% (35%) of its total capitalization (excluding short- term debt);. what was the total of annual long-term debt maturities in 2017?

766801.0

earnings for the first quarter of 2007 are expected to be lower than in the fourth quarter of 2006. containerboard export sales volumes are expected to decline due to scheduled first-quarter main- tenance outages. sales volumes for u.s. converted products will be higher due to more shipping days, but expected softer demand should cause the ship- ments per day to decrease. average sales price real- izations are expected to be comparable to fourth- quarter averages. an additional containerboard price increase was announced in january that is expected to be fully realized in the second quarter. costs for wood, energy, starch, adhesives and freight are expected to increase. manufacturing costs will be higher due to costs associated with scheduled main- tenance outages in the containerboard mills. euro- pean container operating results are expected to improve as seasonally higher sales volumes and improved margins more than offset slightly higher manufacturing costs. consumer packaging demand and pricing for consumer packaging prod- ucts correlate closely with consumer spending and general economic activity. in addition to prices and volumes, major factors affecting the profitability of consumer packaging are raw material and energy costs, manufacturing efficiency and product mix. consumer packaging net sales increased 9% (9%) compared with 2005 and 7% (7%) compared with 2004. operating profits rose 8% (8%) from 2005, but declined 15% (15%) from 2004 levels. compared with 2005, higher sales volumes ($9 million), improved average sales price realizations ($33 million), reduced lack-of-order downtime ($18 million), and favorable mill oper- ations ($25 million) were partially offset by higher raw material costs ($19 million) and freight costs ($21 million), unfavorable mix ($14 million) and other costs ($21 million). consumer packaging in millions 2006 2005 2004. in millions | 2006 | 2005 | 2004 sales | $2455 | $2245 | $2295 operating profit | $131 | $121 | $155 coated paperboard net sales of $1.5 billion in 2006 were higher than $1.3 billion in 2005 and $1.1 billion in 2004. sales volumes increased in 2006 compared with 2005, particularly in the folding car- ton board segment, reflecting improved demand for coated paperboard products. in 2006, our coated paperboard mills took 4000 tons of lack-of-order downtime, compared with 82000 tons of lack-of-order downtime in 2005. average sales price realizations were substantially improved in the cur- rent year, principally for folding carton board and cupstock board. operating profits were 51% (51%) higher in 2006 than in 2005, and 7% (7%) better than in 2004. the impact of the higher sales prices along with more favorable manufacturing operations due to strong performance at the mills more than offset higher input costs for energy and freight. foodservice net sales declined to $396 million in 2006, compared with $437 million in 2005 and $480 million in 2004, due principally to the sale of the jackson, tennessee plant in july 2005. sales vol- umes were lower in 2006 than in 2005, although average sales prices were higher due to the realiza- tion of price increases implemented during 2005. operating profits for 2006 improved over 2005 and 2004 levels largely due to the benefits from higher sales prices. raw material costs for bleached board were higher than in 2005, but manufacturing costs were more favorable due to increased productivity and reduced waste. shorewood net sales of $670 million were down from $691 million in 2005 and $687 million in 2004. sales volumes in 2006 were down from 2005 levels due to weak demand in the home entertainment and consumer products markets, although demand was strong in the tobacco segment. average sales prices for the year were lower than in 2005. operating prof- its were down significantly from both 2005 and 2004 due to the decline in sales, particularly in the higher margin home entertainment markets, higher raw material costs for bleached board and certain inventory adjustment costs. entering 2007, coated paperboard first-quarter sales volumes are expected to be seasonally stronger than in the fourth quarter 2006 for folding carton board and bristols. average sales price realizations are expected to rise with a price increase announced in january. it is anticipated that manufacturing costs will improve versus an unfavorable fourth quarter. foodservice earnings for the first quarter of 2007 are expected to decline due to seasonally weaker vol- ume. however, sales price realizations will be slightly higher, and the seasonal switch to hot cup contain- ers will have a favorable impact on product mix. shorewood sales volumes for the first quarter of 2007 are expected to seasonally decline, but the earnings impact will be partially offset by pricing improvements and an improved product mix. distribution our distribution business, principally represented by our xpedx business, markets a diverse array of products and supply chain services to customers in. in the year of 2006, what amount from the consumer packaging sales was due to foodservice net sales? 396.0 and what was the total of those consumer packaging sales? 2455.0 what percentage, then, of this total did that amount represent?

0.1613

15. debt the tables below summarize our outstanding debt at 30 september 2016 and 2015: total debt. 30 september | 2016 | 2015 short-term borrowings | $935.8 | $1494.3 current portion of long-term debt | 371.3 | 435.6 long-term debt | 4918.1 | 3949.1 total debt | $6225.2 | $5879.0 short-term borrowings | - | - 30 september | 2016 | 2015 bank obligations | $133.1 | $234.3 commercial paper | 802.7 | 1260.0 total short-term borrowings | $935.8 | $1494.3 the weighted average interest rate of short-term borrowings outstanding at 30 september 2016 and 2015 was 1.1% (1.1%) and.8% (.8%), respectively. cash paid for interest, net of amounts capitalized, was $121.1 in 2016, $97.5 in 2015, and $132.4 in 2014.. what was the total of short-term borrowings in 2016? 935.8 and what was the current portion of long-term debt in that year? 371.3 what was, then, the combined total of both short-term borrowings and current portion of long-term debt in 2016? 1307.1 what was the total debt in that year?

6225.2

abiomed, inc. and subsidiaries notes to consolidated financial statements 2014 (continued) (7) commitments and contingencies the company applies the disclosure provisions of fin no. 45, guarantor 2019s accounting and disclosure requirements for guarantees, including guarantees of indebtedness of others, and interpretation of fasb statements no. 5, 57 and 107 and rescission of fasb interpretation no. 34 (fin no. 45) to its agreements that contain guarantee or indemnification clauses. these disclosure provisions expand those required by sfas no. 5 accounting for contingencies, by requiring that guarantors disclose certain types of guarantees, even if the likelihood of requiring the guarantor 2019s performance is remote. the following is a description of arrangements in which the company is a guarantor. product warranties 2014the company routinely accrues for estimated future warranty costs on its product sales at the time of sale. the ab5000 and bvs products are subject to rigorous regulation and quality standards. operating results could be adversely effected if the actual cost of product failures exceeds the estimated warranty provision. patent indemnifications 2014in many sales transactions, the company indemnifies customers against possible claims of patent infringement caused by the company 2019s products. the indemnifications contained within sales contracts usually do not include limits on the claims. the company has never incurred any material costs to defend lawsuits or settle patent infringement claims related to sales transactions. under the provisions of fin no. 45, intellectual property indemnifications require disclosure only. as of march 31, 2006, the company had entered into leases for its facilities, including its primary operating facility in danvers, massachusetts, with terms through fiscal 2010. the danvers lease may be extended, at the company 2019s option, for two successive additional periods of five years each with monthly rent charges to be determined based on then current fair rental values. the company 2019s lease for its aachen location expires in august 2008 unless an option to extend for an additional four years is exercised by the company. in december 2005 we closed our office facility in the netherlands, recording a charge of approximately $58000 for the remaining lease term. total rent expense under these leases, included in the accompanying consolidated statements of operations approximated $821000, $824000 and $1262000 for the fiscal years ended march 31, 2004, 2005 and 2006, respectively. future minimum lease payments under all significant non-cancelable operating leases as of march 31, 2006 are approximately as follows (in thousands): fiscal year ending march 31, operating leases. fiscal year ending march 31, | operating leases 2007 | 1703 2008 | 1371 2009 | 1035 2010 | 710 total future minimum lease payments | $4819 from time-to-time, the company is involved in legal and administrative proceedings and claims of various types. while any litigation contains an element of uncertainty, management, in consultation with the company 2019s general counsel, presently believes that the outcome of each such other proceedings or claims which are pending or known to be threatened, or all of them combined, is not expected to have a material adverse effect on the company 2019s financial position, cash flow and results. on may 15, 2006 richard a. nazarian, as selling stockholder representative, filed a demand for arbitration (subsequently amended) with the boston office of the american arbitration association. what was the total of operating leases in 2007? 1703.0 and what was it in 2008? 1371.0 what was, then, the decline over the year?

332.0

stock performance graph this performance graph shall not be deemed 201cfiled 201d for purposes of section 18 of the securities exchange act of 1934, as amended (the 201cexchange act 201d) or otherwise subject to the liabilities under that section and shall not be deemed to be incorporated by reference into any filing of tractor supply company under the securities act of 1933, as amended, or the exchange act. the following graph compares the cumulative total stockholder return on our common stock from december 28, 2013 to december 29, 2018 (the company 2019s fiscal year-end), with the cumulative total returns of the s&p 500 index and the s&p retail index over the same period. the comparison assumes that $100 was invested on december 28, 2013, in our common stock and in each of the foregoing indices and in each case assumes reinvestment of dividends. the historical stock price performance shown on this graph is not indicative of future performance.. - | 12/28/2013 | 12/27/2014 | 12/26/2015 | 12/31/2016 | 12/30/2017 | 12/29/2018 tractor supply company | $100.00 | $104.11 | $115.45 | $103.33 | $103.67 | $117.18 s&p 500 | $100.00 | $115.76 | $116.64 | $129.55 | $157.84 | $149.63 s&p retail index | $100.00 | $111.18 | $140.22 | $148.53 | $193.68 | $217.01 . what was the price of the tractor supply company stock in 2014? 104.11 and what was it in 2013? 100.0 what was, then, the change over the year? 4.11 what was the price of the tractor supply company stock in 2013?

100.0

item 1b. unresolved staff comments not applicable. item 2. properties as of december 28, 2013, our major facilities consisted of: (square feet in millions) united states countries total owned facilities1 29.9 16.7 46.6 leased facilities2 2.3 6.0 8.3. (square feet in millions) | unitedstates | othercountries | total owned facilities1 | 29.9 | 16.7 | 46.6 leased facilities2 | 2.3 | 6.0 | 8.3 total facilities | 32.2 | 22.7 | 54.9 1 leases on portions of the land used for these facilities expire on varying dates through 2062. 2 leases expire on varying dates through 2028 and generally include renewals at our option. our principal executive offices are located in the u.s. and a significant amount of our wafer fabrication activities are also located in the u.s. in addition to our current facilities, we are building a development fabrication facility in oregon which began r&d start-up in 2013. we expect that this new facility will allow us to widen our process technology lead. we also completed construction of a large-scale fabrication building in arizona in 2013, which is currently not in use and is not being depreciated. we recently announced that we plan to delay equipment installation in this building and leverage existing fabrication facilities, reserving this new facility for additional capacity and future technologies. outside the u.s., we have wafer fabrication facilities in israel, china, and ireland. our fabrication facility in ireland is currently transitioning to a newer process technology node, with manufacturing expected to recommence in 2015. our assembly and test facilities are located in malaysia, china, costa rica, and vietnam. in addition, we have sales and marketing offices worldwide that are generally located near major concentrations of customers. we believe that the facilities described above are suitable and adequate for our present purposes and that the productive capacity in our facilities is substantially being utilized or we have plans to utilize it. we do not identify or allocate assets by operating segment. for information on net property, plant and equipment by country, see 201cnote 27: operating segments and geographic information 201d in part ii, item 8 of this form 10-k. item 3. legal proceedings for a discussion of legal proceedings, see 201cnote 26: contingencies 201d in part ii, item 8 of this form 10-k. item 4. mine safety disclosures not applicable. table of contents. as of december 28, 2013, what percentage of the square footage of major facilities was owned?

0.84882

the defined benefit pension plans 2019 trust and $130 million to our retiree medical plans which will reduce our cash funding requirements for 2007 and 2008. in 2007, we expect to make no contributions to the defined benefit pension plans and expect to contribute $175 million to the retiree medical and life insurance plans, after giving consideration to the 2006 prepayments. the following benefit payments, which reflect expected future service, as appropriate, are expected to be paid: (in millions) pension benefits benefits. (in millions) | pensionbenefits | otherbenefits 2007 | $1440 | $260 2008 | 1490 | 260 2009 | 1540 | 270 2010 | 1600 | 270 2011 | 1660 | 270 years 2012 2013 2016 | 9530 | 1260 as noted previously, we also sponsor nonqualified defined benefit plans to provide benefits in excess of qualified plan limits. the aggregate liabilities for these plans at december 31, 2006 were $641 million. the expense associated with these plans totaled $59 million in 2006, $58 million in 2005 and $61 million in 2004. we also sponsor a small number of foreign benefit plans. the liabilities and expenses associated with these plans are not material to our results of operations, financial position or cash flows. note 13 2013 leases our total rental expense under operating leases was $310 million, $324 million and $318 million for 2006, 2005 and 2004, respectively. future minimum lease commitments at december 31, 2006 for all operating leases that have a remaining term of more than one year were $1.1 billion ($288 million in 2007, $254 million in 2008, $211 million in 2009, $153 million in 2010, $118 million in 2011 and $121 million in later years). certain major plant facilities and equipment are furnished by the u.s. government under short-term or cancelable arrangements. note 14 2013 legal proceedings, commitments and contingencies we are a party to or have property subject to litigation and other proceedings, including matters arising under provisions relating to the protection of the environment. we believe the probability is remote that the outcome of these matters will have a material adverse effect on the corporation as a whole. we cannot predict the outcome of legal proceedings with certainty. these matters include the following items, all of which have been previously reported: on march 27, 2006, we received a subpoena issued by a grand jury in the united states district court for the northern district of ohio. the subpoena requests documents related to our application for patents issued in the united states and the united kingdom relating to a missile detection and warning technology. we are cooperating with the government 2019s investigation. on february 6, 2004, we submitted a certified contract claim to the united states requesting contractual indemnity for remediation and litigation costs (past and future) related to our former facility in redlands, california. we submitted the claim consistent with a claim sponsorship agreement with the boeing company (boeing), executed in 2001, in boeing 2019s role as the prime contractor on the short range attack missile (sram) program. the contract for the sram program, which formed a significant portion of our work at the redlands facility, had special contractual indemnities from the u.s. air force, as authorized by public law 85-804. on august 31, 2004, the united states denied the claim. our appeal of that decision is pending with the armed services board of contract appeals. on august 28, 2003, the department of justice (the doj) filed complaints in partial intervention in two lawsuits filed under the qui tam provisions of the civil false claims act in the united states district court for the western district of kentucky, united states ex rel. natural resources defense council, et al v. lockheed martin corporation, et al, and united states ex rel. john d. tillson v. lockheed martin energy systems, inc., et al. the doj alleges that we committed violations of the resource conservation and recovery act at the paducah gaseous diffusion plant by not properly handling, storing. what is the rental expense under operating leases in 2005? 324.0 what about in 2004? 318.0 what is the net change?

6.0

the future minimum lease commitments under these leases at december 31, 2010 are as follows (in thousands): years ending december 31:. 2011 | $62465 2012 | 54236 2013 | 47860 2014 | 37660 2015 | 28622 thereafter | 79800 future minimum lease payments | $310643 rental expense for operating leases was approximately $66.9 million, $57.2 million and $49.0 million during the years ended december 31, 2010, 2009 and 2008, respectively. in connection with the acquisitions of several businesses, we entered into agreements with several sellers of those businesses, some of whom became stockholders as a result of those acquisitions, for the lease of certain properties used in our operations. typical lease terms under these agreements include an initial term of five years, with three to five five-year renewal options and purchase options at various times throughout the lease periods. we also maintain the right of first refusal concerning the sale of the leased property. lease payments to an employee who became an officer of the company after the acquisition of his business were approximately $1.0 million, $0.9 million and $0.9 million during each of the years ended december 31, 2010, 2009 and 2008, respectively. we guarantee the residual values of the majority of our truck and equipment operating leases. the residual values decline over the lease terms to a defined percentage of original cost. in the event the lessor does not realize the residual value when a piece of equipment is sold, we would be responsible for a portion of the shortfall. similarly, if the lessor realizes more than the residual value when a piece of equipment is sold, we would be paid the amount realized over the residual value. had we terminated all of our operating leases subject to these guarantees at december 31, 2010, the guaranteed residual value would have totaled approximately $31.4 million. we have not recorded a liability for the guaranteed residual value of equipment under operating leases as the recovery on disposition of the equipment under the leases is expected to approximate the guaranteed residual value. litigation and related contingencies in december 2005 and may 2008, ford global technologies, llc filed complaints with the international trade commission against us and others alleging that certain aftermarket parts imported into the u.s. infringed on ford design patents. the parties settled these matters in april 2009 pursuant to a settlement arrangement that expires in september 2011. pursuant to the settlement, we (and our designees) became the sole distributor in the u.s. of aftermarket automotive parts that correspond to ford collision parts that are covered by a u.s. design patent. we have paid ford an upfront fee for these rights and will pay a royalty for each such part we sell. the amortization of the upfront fee and the royalty expenses are reflected in cost of goods sold on the accompanying consolidated statements of income. we also have certain other contingencies resulting from litigation, claims and other commitments and are subject to a variety of environmental and pollution control laws and regulations incident to the ordinary course of business. we currently expect that the resolution of such contingencies will not materially affect our financial position, results of operations or cash flows.. between the years of 2008 and 2009, what was the change in the rental expense? 8.2 and what is this change as a percentage of that expense in 2008? 0.16735 and over the subsequent year, from 2009 to 2010, what was that change? 9.7 what percentage does this 2009-2010 change represent in relation to the 2009 rental expense?

0.16958

the fair value of the psu award at the date of grant is amortized to expense over the performance period, which is typically three years after the date of the award, or upon death, disability or reaching the age of 58. as of december 31, 2017, pmi had $34 million of total unrecognized compensation cost related to non-vested psu awards. this cost is recognized over a weighted-average performance cycle period of two years, or upon death, disability or reaching the age of 58. during the years ended december 31, 2017, and 2016, there were no psu awards that vested. pmi did not grant any psu awards during note 10. earnings per share: unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents are participating securities and therefore are included in pmi 2019s earnings per share calculation pursuant to the two-class method. basic and diluted earnings per share (201ceps 201d) were calculated using the following:. (in millions) | for the years ended december 31, 2017 | for the years ended december 31, 2016 | for the years ended december 31, 2015 net earnings attributable to pmi | $6035 | $6967 | $6873 less distributed and undistributed earnings attributable to share-based payment awards | 14 | 19 | 24 net earnings for basic and diluted eps | $6021 | $6948 | $6849 weighted-average shares for basic eps | 1552 | 1551 | 1549 plus contingently issuable performance stock units (psus) | 1 | 2014 | 2014 weighted-average shares for diluted eps | 1553 | 1551 | 1549 for the 2017, 2016 and 2015 computations, there were no antidilutive stock options.. what was the net change in value of net earnings attributable to pmi from 2016 to 2017? -932.0 what was the 2016 value? 6967.0 what is the change over the 2016 value?

-0.13377

repurchase of equity securities the following table provides information regarding our purchases of equity securities during the fourth quarter of 2008: number of shares purchased average paid per share2 total number of shares purchased as part of publicly announced plans or programs maximum number of shares that may yet be purchased under the plans or programs. - | total number of shares purchased | average price paid per share2 | total number of shares purchased as part of publicly announced plans or programs | maximum number ofshares that may yet be purchased under the plans or programs october 1-31 | 29704 | $5.99 | 2014 | 2014 november 1-30 | 4468 | $3.24 | 2014 | 2014 december 1-31 | 12850 | $3.98 | 2014 | 2014 total1 | 47022 | $5.18 | 2014 | 2014 total1................................ 47022 $5.18 2014 2014 1 consists of restricted shares of our common stock withheld under the terms of grants under employee stock compensation plans to offset tax withholding obligations that occurred upon vesting and release of restricted shares during each month of the fourth quarter of 2008 (the 201cwithheld shares 201d). 2 the average price per month of the withheld shares was calculated by dividing the aggregate value of the tax withholding obligations for each month by the aggregate number of shares of our common stock withheld each month.. what was the total value of the shares purchased in october? 177926.96 and what was it for november?

14476.32

shareowner return performance graph the following performance graph and related information shall not be deemed 201csoliciting material 201d or to be 201cfiled 201d with the securities and exchange commission, nor shall such information be incorporated by reference into any future filing under the securities act of 1933 or securities exchange act of 1934, each as amended, except to the extent that the company specifically incorporates it by reference into such filing. the following graph shows a five-year comparison of cumulative total shareowners 2019 returns for our class b common stock, the s&p 500 index, and the dow jones transportation average. the comparison of the total cumulative return on investment, which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods, assumes that $100 was invested on december 31, 2001 in the s&p 500 index, the dow jones transportation average, and the class b common stock of united parcel service, inc. comparison of five year cumulative total return $40.00 $60.00 $80.00 $100.00 $120.00 $140.00 $160.00 $180.00 $200.00 2001 2002 2003 2004 2005 2006 s&p 500 ups dj transport. - | 12/31/01 | 12/31/02 | 12/31/03 | 12/31/04 | 12/31/05 | 12/31/06 united parcel service inc. | $100.00 | $117.19 | $140.49 | $163.54 | $146.35 | $148.92 s&p 500 index | $100.00 | $77.90 | $100.24 | $111.15 | $116.61 | $135.02 dow jones transportation average | $100.00 | $88.52 | $116.70 | $149.06 | $166.42 | $182.76 securities authorized for issuance under equity compensation plans the following table provides information as of december 31, 2006 regarding compensation plans under which our class a common stock is authorized for issuance. these plans do not authorize the issuance of our class b common stock.. what was the return for united parcel service inc. in 2006? 148.92 and what was the change in that return from 2001 to 2006?

48.92

the notional amount of these unfunded letters of credit was $1.4 billion as of december 31, 2008 and december 31, 2007. the amount funded was insignificant with no amounts 90 days or more past due or on a non-accrual status at december 31, 2008 and december 31, 2007. these items have been classified appropriately in trading account assets or trading account liabilities on the consolidated balance sheet. changes in fair value of these items are classified in principal transactions in the company 2019s consolidated statement of income. other items for which the fair-value option was selected in accordance with sfas 159 the company has elected the fair-value option for the following eligible items, which did not affect opening retained earnings: 2022 certain credit products; 2022 certain investments in private equity and real estate ventures and certain equity-method investments; 2022 certain structured liabilities; 2022 certain non-structured liabilities; and 2022 certain mortgage loans certain credit products citigroup has elected the fair-value option for certain originated and purchased loans, including certain unfunded loan products, such as guarantees and letters of credit, executed by citigroup 2019s trading businesses. none of these credit products is a highly leveraged financing commitment. significant groups of transactions include loans and unfunded loan products that are expected to be either sold or securitized in the near term, or transactions where the economic risks are hedged with derivative instruments such as purchased credit default swaps or total return swaps where the company pays the total return on the underlying loans to a third party. citigroup has elected the fair-value option to mitigate accounting mismatches in cases where hedge accounting is complex and to achieve operational simplifications. fair value was not elected for most lending transactions across the company, including where those management objectives would not be met. the following table provides information about certain credit products carried at fair value:. in millions of dollars | 2008 trading assets | 2008 loans | 2008 trading assets | loans carrying amount reported on the consolidated balance sheet | $16254 | $2315 | $26020 | $3038 aggregate unpaid principal balance in excess of fair value | $6501 | $3 | $899 | $-5 (5) balance on non-accrual loans or loans more than 90 days past due | $77 | $1113 | $186 | $1292 aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days pastdue | $190 | $-4 (4) | $68 | $2014 in millions of dollars trading assets loans trading assets loans carrying amount reported on the consolidated balance sheet $16254 $2315 $26020 $3038 aggregate unpaid principal balance in excess of fair value $6501 $3 $899 $(5) balance on non-accrual loans or loans more than 90 days past due $77 $1113 $186 $1292 aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due $190 $(4) $68 $2014 in addition to the amounts reported above, $72 million and $141 million of unfunded loan commitments related to certain credit products selected for fair-value accounting were outstanding as of december 31, 2008 and december 31, 2007, respectively. changes in fair value of funded and unfunded credit products are classified in principal transactions in the company 2019s consolidated statement of income. related interest revenue is measured based on the contractual interest rates and reported as interest revenue on trading account assets or loans depending on their balance sheet classifications. the changes in fair value for the years ended december 31, 2008 and 2007 due to instrument-specific credit risk totaled to a loss of $38 million and $188 million, respectively. certain investments in private equity and real estate ventures and certain equity method investments citigroup invests in private equity and real estate ventures for the purpose of earning investment returns and for capital appreciation. the company has elected the fair-value option for certain of these ventures, because such investments are considered similar to many private equity or hedge fund activities in our investment companies, which are reported at fair value. the fair-value option brings consistency in the accounting and evaluation of certain of these investments. as required by sfas 159, all investments (debt and equity) in such private equity and real estate entities are accounted for at fair value. these investments are classified as investments on citigroup 2019s consolidated balance sheet. citigroup also holds various non-strategic investments in leveraged buyout funds and other hedge funds that previously were required to be accounted for under the equity method. the company elected fair-value accounting to reduce operational and accounting complexity. since the funds account for all of their underlying assets at fair value, the impact of applying the equity method to citigroup 2019s investment in these funds was equivalent to fair-value accounting. thus, this fair-value election had no impact on opening retained earnings. these investments are classified as other assets on citigroup 2019s consolidated balance sheet. changes in the fair values of these investments are classified in other revenue in the company 2019s consolidated statement of income. certain structured liabilities the company has elected the fair-value option for certain structured liabilities whose performance is linked to structured interest rates, inflation or currency risks (201cstructured liabilities 201d). the company elected the fair- value option, because these exposures are considered to be trading-related positions and, therefore, are managed on a fair-value basis. these positions will continue to be classified as debt, deposits or derivatives (trading account liabilities) on the company 2019s consolidated balance sheet according to their legal form. for those structured liabilities classified as long-term debt for which the fair-value option has been elected, the aggregate unpaid principal balance exceeds the aggregate fair value of such instruments by $277 million as of december 31, 2008 and $7 million as of december 31, 2007. the change in fair value for these structured liabilities is reported in principal transactions in the company 2019s consolidated statement of income. related interest expense is measured based on the contractual interest rates and reported as such in the consolidated income statement. certain non-structured liabilities the company has elected the fair-value option for certain non-structured liabilities with fixed and floating interest rates (201cnon-structured liabilities 201d).. what was the carrying amount reported on the consolidated balance sheet trading assets in 2008? 16254.0 and what was it in 2007? 26020.0 what was, then, the change over the year? -9766.0 and how much does this change represent in relation to the 2007 carrying amount, in percentage?

-0.37533

54| | duke realty corporation annual report 2009 net income (loss) per common share basic net income (loss) per common share is computed by dividing net income (loss) attributable to common shareholders, less dividends on share-based awards expected to vest, by the weighted average number of common shares outstanding for the period. diluted net income (loss) per common share is computed by dividing the sum of basic net income (loss) attributable to common shareholders and the noncontrolling interest in earnings allocable to units not owned by us (to the extent the units are dilutive), by the sum of the weighted average number of common shares outstanding and, to the extent they are dilutive, limited partnership units outstanding, as well as any potential dilutive securities for the period. during the first quarter of 2009, we adopted a new accounting standard (fasb asc 260-10) on participating securities, which we have applied retrospectively to prior period calculations of basic and diluted earnings per common share. pursuant to this new standard, certain of our share-based awards are considered participating securities because they earn dividend equivalents that are not forfeited even if the underlying award does not vest. the following table reconciles the components of basic and diluted net income (loss) per common share (in thousands):. - | 2009 | 2008 | 2007 net income (loss) attributable to common shareholders | $-333601 (333601) | $50408 | $211942 less: dividends on share-based awards expected to vest | -1759 (1759) | -1631 (1631) | -1149 (1149) basic net income (loss) attributable to common shareholders | -335360 (335360) | 48777 | 210793 noncontrolling interest in earnings of common unitholders (1) | - | 2640 | 13998 diluted net income (loss) attributable to common shareholders | $-335360 (335360) | $51417 | $224791 weighted average number of common shares outstanding | 201206 | 146915 | 139255 weighted average partnership units outstanding | - | 7619 | 9204 other potential dilutive shares (2) | - | 19 | 791 weighted average number of common shares and potential dilutive securities | 201206 | 154553 | 149250 weighted average number of common shares and potential diluted securities 201206 154553 149250 (1) the partnership units are anti-dilutive for the year ended december 31, 2009, as a result of the net loss for that period. therefore, 6687 units (in thousands) are excluded from the weighted average number of common shares and potential dilutive securities for the year ended december 31, 2009 and $11099 noncontrolling interest in earnings of common unitholders (in thousands) is excluded from diluted net loss attributable to common shareholders for the year ended december 31, 2009. (2) excludes (in thousands of shares) 7872; 8219 and 1144 of anti-dilutive shares for the years ended december 31, 2009, 2008 and 2007, respectively related to stock-based compensation plans. also excludes (in thousands of shares) the exchangeable notes that have 8089; 11771 and 11751 of anti-dilutive shares for the years ended december 31, 2009, 2008 and 2007, respectively. federal income taxes we have elected to be taxed as a real estate investment trust (201creit 201d) under the internal revenue code of 1986, as amended. to qualify as a reit, we must meet a number of organizational and operational requirements, including a requirement to distribute at least 90% (90%) of our adjusted taxable income to our stockholders. management intends to continue to adhere to these requirements and to maintain our reit status. as a reit, we are entitled to a tax deduction for some or all of the dividends we pay to shareholders. accordingly, we generally will not be subject to federal income taxes as long as we distribute an amount equal to or in excess of our taxable income currently to shareholders. we are also generally subject to federal income taxes on any taxable income that is not currently distributed to our shareholders. if we fail to qualify as a reit in any taxable year, we will be subject to federal income taxes and may not be able to qualify as a reit for four subsequent taxable years. reit qualification reduces, but does not eliminate, the amount of state and local taxes we pay. in addition, our financial statements include the operations of taxable corporate subsidiaries that are not entitled to a dividends paid deduction and are subject to corporate federal, state and local income taxes. as a reit, we may also be subject to certain federal excise taxes if we engage in certain types of transactions.. what was the net income (loss) attributable to common shareholders in 2008? 50408.0 and what was it in 2007? 211942.0 what was, then, the change over the year?

-161534.0

note 17. accumulated other comprehensive losses: pmi's accumulated other comprehensive losses, net of taxes, consisted of the following:. (losses) earnings (in millions) | (losses) earnings 2015 | (losses) earnings 2014 | 2013 currency translation adjustments | $-6129 (6129) | $-3929 (3929) | $-2207 (2207) pension and other benefits | -3332 (3332) | -3020 (3020) | -2046 (2046) derivatives accounted for as hedges | 59 | 123 | 63 total accumulated other comprehensive losses | $-9402 (9402) | $-6826 (6826) | $-4190 (4190) reclassifications from other comprehensive earnings the movements in accumulated other comprehensive losses and the related tax impact, for each of the components above, that are due to current period activity and reclassifications to the income statement are shown on the consolidated statements of comprehensive earnings for the years ended december 31, 2015, 2014, and 2013. the movement in currency translation adjustments for the year ended december 31, 2013, was also impacted by the purchase of the remaining shares of the mexican tobacco business. in addition, $1 million, $5 million and $12 million of net currency translation adjustment gains were transferred from other comprehensive earnings to marketing, administration and research costs in the consolidated statements of earnings for the years ended december 31, 2015, 2014 and 2013, respectively, upon liquidation of subsidiaries. for additional information, see note 13. benefit plans and note 15. financial instruments for disclosures related to pmi's pension and other benefits and derivative financial instruments. note 18. colombian investment and cooperation agreement: on june 19, 2009, pmi announced that it had signed an agreement with the republic of colombia, together with the departments of colombia and the capital district of bogota, to promote investment and cooperation with respect to the colombian tobacco market and to fight counterfeit and contraband tobacco products. the investment and cooperation agreement provides $200 million in funding to the colombian governments over a 20-year period to address issues of mutual interest, such as combating the illegal cigarette trade, including the threat of counterfeit tobacco products, and increasing the quality and quantity of locally grown tobacco. as a result of the investment and cooperation agreement, pmi recorded a pre-tax charge of $135 million in the operating results of the latin america & canada segment during the second quarter of 2009. at december 31, 2015 and 2014, pmi had $73 million and $71 million, respectively, of discounted liabilities associated with the colombian investment and cooperation agreement. these discounted liabilities are primarily reflected in other long-term liabilities on the consolidated balance sheets and are expected to be paid through 2028. note 19. rbh legal settlement: on july 31, 2008, rothmans inc. ("rothmans") announced the finalization of a cad 550 million settlement (or approximately $540 million, based on the prevailing exchange rate at that time) between itself and rothmans, benson & hedges inc. ("rbh"), on the one hand, and the government of canada and all 10 provinces, on the other hand. the settlement resolved the royal canadian mounted police's investigation relating to products exported from canada by rbh during the 1989-1996 period. rothmans' sole holding was a 60% (60%) interest in rbh. the remaining 40% (40%) interest in rbh was owned by pmi.. what is the value of total accumulated other comprehensive losses in 2014? 9402.0 what is the value in 2015? 6826.0 what is the net difference?

2576.0

notes to consolidated financial statements 2014 (continued) (amounts in millions, except per share amounts) a summary of the remaining liability for the 2007, 2003 and 2001 restructuring programs is as follows: program program program total. - | 2007 program | 2003 program | 2001 program | total liability at december 31 2006 | $2014 | $12.6 | $19.2 | $31.8 net charges (reversals) and adjustments | 19.1 | -0.5 (0.5) | -5.2 (5.2) | 13.4 payments and other1 | -7.2 (7.2) | -3.1 (3.1) | -5.3 (5.3) | -15.6 (15.6) liability at december 31 2007 | $11.9 | $9.0 | $8.7 | $29.6 net charges and adjustments | 4.3 | 0.8 | 0.7 | 5.8 payments and other1 | -15.0 (15.0) | -4.1 (4.1) | -3.5 (3.5) | -22.6 (22.6) liability at december 31 2008 | $1.2 | $5.7 | $5.9 | $12.8 1 includes amounts representing adjustments to the liability for changes in foreign currency exchange rates. other reorganization-related charges other reorganization-related charges relate to our realignment of our media businesses into a newly created management entity called mediabrands and the 2006 merger of draft worldwide and foote, cone and belding worldwide to create draftfcb. charges related to severance and terminations costs and lease termination and other exit costs. we expect charges associated with mediabrands to be completed during the first half of 2009. charges related to the creation of draftfcb in 2006 are complete. the charges were separated from the rest of our operating expenses within the consolidated statements of operations because they did not result from charges that occurred in the normal course of business.. as of december 31, 2008, what was the total liability from the 2003 and the 2007 program, combined? 6.9 including the 2001 program, what becomes this total liability?

12.8

the following table shows the impact of catastrophe losses and related reinstatement premiums and the impact of prior period development on our consolidated loss and loss expense ratio for the periods indicated.. - | 2010 | 2009 | 2008 loss and loss expense ratio as reported | 59.2% (59.2%) | 58.8% (58.8%) | 60.6% (60.6%) catastrophe losses and related reinstatement premiums | (3.2)% (%) | (1.2)% (%) | (4.7)% (%) prior period development | 4.6% (4.6%) | 4.9% (4.9%) | 6.8% (6.8%) large assumed loss portfolio transfers | (0.3)% (%) | (0.8)% (%) | 0.0% (0.0%) loss and loss expense ratio adjusted | 60.3% (60.3%) | 61.7% (61.7%) | 62.7% (62.7%) we recorded net pre-tax catastrophe losses of $366 million in 2010 compared with net pre-tax catastrophe losses of $137 million and $567 million in 2009 and 2008, respectively. the catastrophe losses for 2010 were primarily related to weather- related events in the u.s., earthquakes in chile, mexico, and new zealand, and storms in australia and europe. the catastrophe losses for 2009 were primarily related to an earthquake in asia, floods in europe, several weather-related events in the u.s., and a european windstorm. for 2008, the catastrophe losses were primarily related to hurricanes gustav and ike. prior period development arises from changes to loss estimates recognized in the current year that relate to loss reserves first reported in previous calendar years and excludes the effect of losses from the development of earned premium from pre- vious accident years. we experienced $503 million of net favorable prior period development in our p&c segments in 2010. this compares with net favorable prior period development in our p&c segments of $576 million and $814 million in 2009 and 2008, respectively. refer to 201cprior period development 201d for more information. the adjusted loss and loss expense ratio declined in 2010, compared with 2009, primarily due to the impact of the crop settlements, non-recurring premium adjustment and the reduction in assumed loss portfolio business, which is written at higher loss ratios than other types of business. our policy acquisition costs include commissions, premium taxes, underwriting, and other costs that vary with, and are primarily related to, the production of premium. administrative expenses include all other operating costs. our policy acquis- ition cost ratio increased in 2010, compared with 2009. the increase was primarily related to the impact of crop settlements, which generated higher profit-share commissions and a lower adjustment to net premiums earned, as well as the impact of reinstatement premiums expensed in connection with catastrophe activity and changes in business mix. our administrative expense ratio increased in 2010, primarily due to the impact of the crop settlements, reinstatement premiums expensed, and increased costs in our international operations. although the crop settlements generate minimal administrative expenses, they resulted in lower adjustment to net premiums earned in 2010, compared with 2009. administrative expenses in 2010, were partially offset by higher net results generated by our third party claims administration business, esis, the results of which are included within our administrative expenses. esis generated $85 million in net results in 2010, compared with $26 million in 2009. the increase is primarily from non-recurring sources. our policy acquisition cost ratio was stable in 2009, compared with 2008, as increases in our combined insurance operations were offset by more favorable final crop year settlement of profit share commissions. administrative expenses increased in 2009, primarily due to the inclusion of administrative expenses related to combined insurance for the full year and costs associated with new product expansion in our domestic retail operation and in our personal lines business. our effective income tax rate, which we calculate as income tax expense divided by income before income tax, is depend- ent upon the mix of earnings from different jurisdictions with various tax rates. a change in the geographic mix of earnings would change the effective income tax rate. our effective income tax rate was 15 percent in 2010, compared with 17 percent and 24 percent in 2009 and 2008, respectively. the decrease in our effective income tax rate in 2010, was primarily due to a change in the mix of earnings to lower tax-paying jurisdictions, a decrease in the amount of unrecognized tax benefits which was the result of a settlement with the u.s. internal revenue service appeals division regarding federal tax returns for the years 2002-2004, and the recognition of a non-taxable gain related to the acquisition of rain and hail. the 2009 year included a reduction of a deferred tax valuation allowance related to investments. for 2008, our effective income tax rate was adversely impacted by a change in mix of earnings due to the impact of catastrophe losses in lower tax-paying jurisdictions. prior period development the favorable prior period development, inclusive of the life segment, of $512 million during 2010 was the net result of sev- eral underlying favorable and adverse movements. with respect to ace 2019s crop business, ace regularly receives reports from its managing general agent (mga) relating to the previous crop year (s) in subsequent calendar quarters and this typically results. what were, in millions, the total catastrophe losses in the years of 2009 and 2010, combined? 503.0 and what were those catastrophe losses in 2008, also in millions? 567.0 including, then, 2008, what then becomes that total of losses?

1070.0

item 5. market for the registrant 2019s common equity, related stockholder matters and issuer purchases of equity securities the following graph compares annual total return of our common stock, the standard & poor 2019s 500 composite stock index (201cs&p 500 index 201d) and our peer group (201cloews peer group 201d) for the five years ended december 31, 2015. the graph assumes that the value of the investment in our common stock, the s&p 500 index and the loews peer group was $100 on december 31, 2010 and that all dividends were reinvested.. - | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 loews common stock | 100.0 | 97.37 | 106.04 | 126.23 | 110.59 | 101.72 s&p 500 index | 100.0 | 102.11 | 118.45 | 156.82 | 178.29 | 180.75 loews peer group (a) | 100.0 | 101.59 | 115.19 | 145.12 | 152.84 | 144.70 (a) the loews peer group consists of the following companies that are industry competitors of our principal operating subsidiaries: ace limited, w.r. berkley corporation, the chubb corporation, energy transfer partners l.p., ensco plc, the hartford financial services group, inc., kinder morgan energy partners, l.p. (included through november 26, 2014 when it was acquired by kinder morgan inc.), noble corporation, spectra energy corp, transocean ltd. and the travelers companies, inc. dividend information we have paid quarterly cash dividends on loews common stock in each year since 1967. regular dividends of $0.0625 per share of loews common stock were paid in each calendar quarter of 2015 and 2014.. what is the price of the s&p 500 index in 2015?

180.75

stock price performance the following graph shows a comparison of the cumulative total return on our common stock, the standard & poor's 500 index and the standard & poor's 500 retail index. the graph assumes that the value of an investment in our common stock and in each such index was $100 on december 30, 2006, and that any dividends have been reinvested. the comparison in the graph below is based solely on historical data and is not intended to forecast the possible future performance of our common stock. comparison of cumulative total return among advance auto parts, inc., s&p 500 index and s&p 500 retail index company/index advance auto parts s&p 500 index s&p retail index december 30, $100.00 100.00 100.00 december 29, $108.00 104.24 january 3, $97.26 january 2, $116.01 january 1, $190.41 101.84 december 31, $201.18 104.81. company/index | december 30 2006 | december 29 2007 | january 3 2009 | january 2 2010 | january 1 2011 | december 31 2011 advance auto parts | $100.00 | $108.00 | $97.26 | $116.01 | $190.41 | $201.18 s&p 500 index | 100.00 | 104.24 | 65.70 | 78.62 | 88.67 | 88.67 s&p retail index | 100.00 | 82.15 | 58.29 | 82.36 | 101.84 | 104.81 stock price performance the following graph shows a comparison of the cumulative total return on our common stock, the standard & poor's 500 index and the standard & poor's 500 retail index. the graph assumes that the value of an investment in our common stock and in each such index was $100 on december 30, 2006, and that any dividends have been reinvested. the comparison in the graph below is based solely on historical data and is not intended to forecast the possible future performance of our common stock. comparison of cumulative total return among advance auto parts, inc., s&p 500 index and s&p 500 retail index company/index advance auto parts s&p 500 index s&p retail index december 30, $100.00 100.00 100.00 december 29, $108.00 104.24 january 3, $97.26 january 2, $116.01 january 1, $190.41 101.84 december 31, $201.18 104.81. what was the price performance of the advance auto parts stock in january 2009?

97.26

19. income taxes (continued) capital loss carryforwards of $69 million and $90 million, which were acquired in the bgi transaction and will expire on or before 2013. at december 31, 2012 and 2011, the company had $95 million and $95 million of valuation allowances for deferred income tax assets, respectively, recorded on the consolidated statements of financial condition. the year- over-year increase in the valuation allowance primarily related to certain foreign deferred income tax assets. goodwill recorded in connection with the quellos transaction has been reduced during the period by the amount of tax benefit realized from tax-deductible goodwill. see note 9, goodwill, for further discussion. current income taxes are recorded net in the consolidated statements of financial condition when related to the same tax jurisdiction. as of december 31, 2012, the company had current income taxes receivable and payable of $102 million and $121 million, respectively, recorded in other assets and accounts payable and accrued liabilities, respectively. as of december 31, 2011, the company had current income taxes receivable and payable of $108 million and $102 million, respectively, recorded in other assets and accounts payable and accrued liabilities, respectively. the company does not provide deferred taxes on the excess of the financial reporting over tax basis on its investments in foreign subsidiaries that are essentially permanent in duration. the excess totaled $2125 million and $1516 million as of december 31, 2012 and 2011, respectively. the determination of the additional deferred income taxes on the excess has not been provided because it is not practicable due to the complexities associated with its hypothetical calculation. the following tabular reconciliation presents the total amounts of gross unrecognized tax benefits: year ended december 31, (dollar amounts in millions) 2012 2011 2010. (dollar amounts in millions) | year ended december 31, 2012 | year ended december 31, 2011 | year ended december 31, 2010 balance at january 1 | $349 | $307 | $285 additions for tax positions of prior years | 4 | 22 | 10 reductions for tax positions of prior years | -1 (1) | -1 (1) | -17 (17) additions based on tax positions related to current year | 69 | 46 | 35 lapse of statute of limitations | 2014 | 2014 | -8 (8) settlements | -29 (29) | -25 (25) | -2 (2) positions assumed in acquisitions | 12 | 2014 | 4 balance at december 31 | $404 | $349 | $307 included in the balance of unrecognized tax benefits at december 31, 2012, 2011 and 2010, respectively, are $250 million, $226 million and $194 million of tax benefits that, if recognized, would affect the effective tax rate. the company recognizes interest and penalties related to income tax matters as a component of income tax expense. related to the unrecognized tax benefits noted above, the company accrued interest and penalties of $3 million during 2012 and in total, as of december 31, 2012, had recognized a liability for interest and penalties of $69 million. the company accrued interest and penalties of $10 million during 2011 and in total, as of december 31, 2011, had recognized a liability for interest and penalties of $66 million. the company accrued interest and penalties of $8 million during 2010 and in total, as of december 31, 2010, had recognized a liability for interest and penalties of $56 million. pursuant to the amended and restated stock purchase agreement, the company has been indemnified by barclays for $73 million and guggenheim for $6 million of unrecognized tax benefits. blackrock is subject to u.s. federal income tax, state and local income tax, and foreign income tax in multiple jurisdictions. tax years after 2007 remain open to u.s. federal income tax examination, tax years after 2005 remain open to state and local income tax examination, and tax years after 2006 remain open to income tax examination in the united kingdom. with few exceptions, as of december 31, 2012, the company is no longer subject to u.s. federal, state, local or foreign examinations by tax authorities for years before 2006. the internal revenue service (201cirs 201d) completed its examination of blackrock 2019s 2006 and 2007 tax years in march 2011. in november 2011, the irs commenced its examination of blackrock 2019s 2008 and 2009 tax years, and while the impact on the consolidated financial statements is undetermined, it is not expected to be material. in july 2011, the irs commenced its federal income tax audit of the bgi group, which blackrock acquired in december 2009. the tax years under examination are 2007 through december 1, 2009, and while the impact on the consolidated financial statements is undetermined, it is not expected to be material. the company is currently under audit in several state and local jurisdictions. the significant state and local income tax examinations are in california for tax years 2004 through 2006, new york city for tax years 2007 through 2008, and new jersey for tax years 2003 through 2009. no state and local income tax audits cover years earlier than 2007 except for california, new jersey and new york city. no state and local income tax audits are expected to result in an assessment material to the consolidated financial statements.. what is the ratio of the balance at the end of 2012 to the beginning of 2010?

1.41754

republic services, inc. notes to consolidated financial statements 2014 (continued) the following table summarizes the activity in our gross unrecognized tax benefits for the years ended december 31:. - | 2015 | 2014 | 2013 balance at beginning of year | $70.1 | $72.0 | $84.7 additions based on tax positions related to current year | 0.2 | 0.8 | 0.3 additions for tax positions of prior years | 1.4 | 5.0 | 11.4 reductions for tax positions of prior years | -10.2 (10.2) | -6.0 (6.0) | -2.4 (2.4) reductions for tax positions resulting from lapse of statute of limitations | -0.6 (0.6) | -0.2 (0.2) | -1.3 (1.3) settlements | -13.9 (13.9) | -1.5 (1.5) | -20.7 (20.7) balance at end of year | $47.0 | $70.1 | $72.0 during 2015, we settled tax matters in various states and puerto rico which reduced our gross unrecognized tax benefits by $13.9 million. during 2014, we settled tax matters in various jurisdictions and reduced our gross unrecognized tax benefits by $1.5 million. during 2013, we settled with the irs appeals division and the joint committee on taxation our 2009 and 2010 tax years. the resolution of these tax periods in addition to various state tax resolutions during the year reduced our gross unrecognized tax benefits by $20.7 million. included in our gross unrecognized tax benefits as of december 31, 2015 and 2014 are $30.5 million and $45.6 million of unrecognized tax benefits (net of the federal benefit on state matters) that, if recognized, would affect our effective income tax rate in future periods. we recognize interest and penalties as incurred within the provision for income taxes in our consolidated statements of income. related to the unrecognized tax benefits previously noted, we recorded interest expense of approximately $1.2 million during 2015 and, in total as of december 31, 2015, have recognized a liability for penalties of $0.5 million and interest of $10.3 million. during 2014, we accrued interest of approximately $1.5 million and, in total as of december 31, 2014, had recognized a liability for penalties of $0.5 million and interest of $18.7 million. during 2013, we accrued interest of approximately $1.2 million and, in total as of december 31, 2013, had recognized a liability for penalties of $0.5 million and interest of $17.0 million. gross unrecognized benefits that we expect to settle in the following twelve months are in the range of $0 to $10 million; however, it is reasonably possible that the amount of unrecognized tax benefits may either increase or decrease in the next twelve months. we are currently under examination or administrative review by state and local taxing authorities for various tax years. these state audits are ongoing. we believe the recorded liabilities for uncertain tax positions are adequate. however, a significant assessment against us in excess of the liabilities recorded could have a material adverse effect on our consolidated financial position, results of operations or cash flows.. what is the value of gross unrecognized tax benefits at the end of 2015? 47.0 what is the value at the end of 2014? 70.1 what is the 2015 value less the 2014? -23.1 what is the net change over the 2014 value?

-0.32953

the selection and disclosure of our critical accounting estimates have been discussed with our audit committee. the following is a discussion of the more significant assumptions, estimates, accounting policies and methods used in the preparation of our consolidated financial statements: 2022 revenue recognition - we recognize revenue when persuasive evidence of an arrangement exists, delivery of product has occurred, the sales price is fixed or determinable and collectability is reasonably assured. for our company, this means that revenue is recognized when title and risk of loss is transferred to our customers. title transfers to our customers upon shipment or upon receipt at the customer's location as determined by the sales terms for each transaction. the company estimates the cost of sales returns based on historical experience, and these estimates are normally immaterial. 2022 goodwill and non-amortizable intangible assets valuation - we test goodwill and non-amortizable intangible assets for impairment annually or more frequently if events occur that would warrant such review. we perform our annual impairment analysis in the first quarter of each year. while the company has the option to perform a qualitative assessment for both goodwill and non-amortizable intangible assets to determine if it is more likely than not that an impairment exists, the company elects to perform the quantitative assessment for our annual impairment analysis. the impairment analysis involves comparing the fair value of each reporting unit or non-amortizable intangible asset to the carrying value. if the carrying value exceeds the fair value, goodwill or a non-amortizable intangible asset is considered impaired. to determine the fair value of goodwill, we primarily use a discounted cash flow model, supported by the market approach using earnings multiples of comparable global and local companies within the tobacco industry. at december 31, 2015, the carrying value of our goodwill was $7.4 billion, which is related to ten reporting units, each of which is comprised of a group of markets with similar economic characteristics. the estimated fair value of our ten reporting units exceeded the carrying value as of december 31, 2015. to determine the fair value of non-amortizable intangible assets, we primarily use a discounted cash flow model applying the relief-from-royalty method. we concluded that the fair value of our non-amortizable intangible assets exceeded the carrying value, and any reasonable movement in the assumptions would not result in an impairment. these discounted cash flow models include management assumptions relevant for forecasting operating cash flows, which are subject to changes in business conditions, such as volumes and prices, costs to produce, discount rates and estimated capital needs. management considers historical experience and all available information at the time the fair values are estimated, and we believe these assumptions are consistent with the assumptions a hypothetical marketplace participant would use. since the march 28, 2008, spin-off from altria, we have not recorded a charge to earnings for an impairment of goodwill or non-amortizable intangible assets. 2022 marketing and advertising costs - we incur certain costs to support our products through programs which include advertising, marketing, consumer engagement and trade promotions. the costs of our advertising and marketing programs are expensed in accordance with u.s. gaap. recognition of the cost related to our consumer engagement and trade promotion programs contain uncertainties due to the judgment required in estimating the potential performance and compliance for each program. for volume-based incentives provided to customers, management continually assesses and estimates, by customer, the likelihood of the customer achieving the specified targets and records the reduction of revenue as the sales are made. for other trade promotions, management relies on estimated utilization rates that have been developed from historical experience. changes in the assumptions used in estimating the cost of any individual marketing program would not result in a material change in our financial position, results of operations or operating cash flows. we have not made any material changes in the accounting methodology used to estimate our marketing programs during the past three years. 2022 employee benefit plans - as discussed in item 8, note 13. benefit plans to our consolidated financial statements, we provide a range of benefits to our employees and retired employees, including pensions, postretirement health care and postemployment benefits (primarily severance). we record annual amounts relating to these plans based on calculations specified by u.s. gaap. these calculations include various actuarial assumptions, such as discount rates, assumed rates of return on plan assets, compensation increases, mortality, turnover rates and health care cost trend rates. we review actuarial assumptions on an annual basis and make modifications to the assumptions based on current rates and trends when it is deemed appropriate to do so. as permitted by u.s. gaap, any effect of the modifications is generally amortized over future periods. we believe that the assumptions utilized in calculating our obligations under these plans are reasonable based upon our historical experience and advice from our actuaries. weighted-average discount rate assumptions for pensions and postretirement plans are as follows:. - | 2015 | 2014 u.s. pension plans | 4.30% (4.30%) | 3.95% (3.95%) non-u.s. pension plans | 1.68% (1.68%) | 1.92% (1.92%) postretirement plans | 4.45% (4.45%) | 4.20% (4.20%) we anticipate that assumption changes, coupled with decreased amortization of deferred losses, will decrease 2016 pre-tax u.s. and non- u.s. pension and postretirement expense to approximately $209 million as compared with approximately $240 million in 2015, excluding. what is the net change in the non-us pension plans rate from 2014 to 2015? -0.24 what is the rate for 2014? 1.92 what is the difference over the 2014 rate?

-0.125

item 7. management 2019s discussion and analysis of financial condition and results of operations we are a global integrated energy company with significant operations in the north america, africa and europe. our operations are organized into four reportable segments: 2022 exploration and production (201ce&p 201d) which explores for, produces and markets liquid hydrocarbons and natural gas on a worldwide basis. 2022 oil sands mining (201cosm 201d) which mines, extracts and transports bitumen from oil sands deposits in alberta, canada, and upgrades the bitumen to produce and market synthetic crude oil and vacuum gas 2022 integrated gas (201cig 201d) which markets and transports products manufactured from natural gas, such as liquefied natural gas (201clng 201d) and methanol, on a worldwide basis. 2022 refining, marketing & transportation (201crm&t 201d) which refines, markets and transports crude oil and petroleum products, primarily in the midwest, upper great plains, gulf coast and southeastern regions of the united states. certain sections of management 2019s discussion and analysis of financial condition and results of operations include forward-looking statements concerning trends or events potentially affecting our business. these statements typically contain words such as 201canticipates, 201d 201cbelieves, 201d 201cestimates, 201d 201cexpects, 201d 201ctargets, 201d 201cplans, 201d 201cprojects, 201d 201ccould, 201d 201cmay, 201d 201cshould, 201d 201cwould 201d or similar words indicating that future outcomes are uncertain. in accordance with 201csafe harbor 201d provisions of the private securities litigation reform act of 1995, these statements are accompanied by cautionary language identifying important factors, though not necessarily all such factors, which could cause future outcomes to differ materially from those set forth in the forward-looking statements. we hold a 60 percent interest in equatorial guinea lng holdings limited (201cegholdings 201d). as discussed in note 4 to the consolidated financial statements, effective may 1, 2007, we ceased consolidating egholdings. our investment is accounted for using the equity method of accounting. unless specifically noted, amounts presented for the integrated gas segment for periods prior to may 1, 2007, include amounts related to the minority interests. management 2019s discussion and analysis of financial condition and results of operations should be read in conjunction with the information under item 1. business, item 1a. risk factors, item 6. selected financial data and item 8. financial statements and supplementary data. overview exploration and production prevailing prices for the various grades of crude oil and natural gas that we produce significantly impact our revenues and cash flows. prices were volatile in 2009, but not as much as in the previous year. prices in 2009 were also lower than in recent years as illustrated by the annual averages for key benchmark prices below.. benchmark | 2009 | 2008 | 2007 wti crude oil (dollars per barrel) | $62.09 | $99.75 | $72.41 dated brent crude oil (dollars per barrel) | $61.67 | $97.26 | $72.39 henry hub natural gas (dollars per mcf) (a) | $3.99 | $9.04 | $6.86 henry hub natural gas (dollars per mcf) (a) $3.99 $9.04 $6.86 (a) first-of-month price index. crude oil prices rose sharply through the first half of 2008 as a result of strong global demand, a declining dollar, ongoing concerns about supplies of crude oil, and geopolitical risk. later in 2008, crude oil prices sharply declined as the u.s. dollar rebounded and global demand decreased as a result of economic recession. the price decrease continued into 2009, but reversed after dropping below $33.98 in february, ending the year at $79.36. our domestic crude oil production is about 62 percent sour, which means that it contains more sulfur than light sweet wti does. sour crude oil also tends to be heavier than light sweet crude oil and sells at a discount to light sweet crude oil because of higher refining costs and lower refined product values. our international crude oil production is relatively sweet and is generally sold in relation to the dated brent crude benchmark. the differential between wti and dated brent average prices narrowed to $0.42 in 2009 compared to $2.49 in 2008 and $0.02 in 2007.. what was the change in the average wti crude oil benchmark from 2007 to 2009? -10.32 and what was that average wti crude oil benchmark in 2007?

72.41

53management's discussion and analysis of financial condition and results of operations in order to borrow funds under the 5-year credit facility, the company must be in compliance with various conditions, covenants and representations contained in the agreements. the company was in compliance with the terms of the 5-year credit facility at december 31, 2006. the company has never borrowed under its domestic revolving credit facilities. utilization of the non-u.s. credit facilities may also be dependent on the company's ability to meet certain conditions at the time a borrowing is requested. contractual obligations, guarantees, and other purchase commitments contractual obligations summarized in the table below are the company's obligations and commitments to make future payments under debt obligations (assuming earliest possible exercise of put rights by holders), lease payment obligations, and purchase obligations as of december 31, 2006. payments due by period (1) (in millions) total 2007 2008 2009 2010 2011 thereafter. (in millions) | payments due by period (1) total | payments due by period (1) 2007 | payments due by period (1) 2008 | payments due by period (1) 2009 | payments due by period (1) 2010 | payments due by period (1) 2011 | payments due by period (1) thereafter long-term debt obligations | $4134 | $1340 | $198 | $4 | $534 | $607 | $1451 lease obligations | 2328 | 351 | 281 | 209 | 178 | 158 | 1151 purchase obligations | 1035 | 326 | 120 | 26 | 12 | 12 | 539 total contractual obligations | $7497 | $2017 | $599 | $239 | $724 | $777 | $3141 (1) amounts included represent firm, non-cancelable commitments. debt obligations: at december 31, 2006, the company's long-term debt obligations, including current maturities and unamortized discount and issue costs, totaled $4.1 billion, as compared to $4.0 billion at december 31, 2005. a table of all outstanding long-term debt securities can be found in note 4, ""debt and credit facilities'' to the company's consolidated financial statements. lease obligations: the company owns most of its major facilities, but does lease certain office, factory and warehouse space, land, and information technology and other equipment under principally non-cancelable operating leases. at december 31, 2006, future minimum lease obligations, net of minimum sublease rentals, totaled $2.3 billion. rental expense, net of sublease income, was $241 million in 2006, $250 million in 2005 and $205 million in 2004. purchase obligations: the company has entered into agreements for the purchase of inventory, license of software, promotional agreements, and research and development agreements which are firm commitments and are not cancelable. the longest of these agreements extends through 2015. total payments expected to be made under these agreements total $1.0 billion. commitments under other long-term agreements: the company has entered into certain long-term agreements to purchase software, components, supplies and materials from suppliers. most of the agreements extend for periods of one to three years (three to five years for software). however, generally these agreements do not obligate the company to make any purchases, and many permit the company to terminate the agreement with advance notice (usually ranging from 60 to 180 days). if the company were to terminate these agreements, it generally would be liable for certain termination charges, typically based on work performed and supplier on-hand inventory and raw materials attributable to canceled orders. the company's liability would only arise in the event it terminates the agreements for reasons other than ""cause.'' the company also enters into a number of arrangements for the sourcing of supplies and materials with minimum purchase commitments and take-or-pay obligations. the majority of the minimum purchase obligations under these contracts are over the life of the contract as opposed to a year-by-year take-or-pay. if these agreements were terminated at december 31, 2006, the company's obligation would not have been significant. the company does not anticipate the cancellation of any of these agreements in the future. subsequent to the end of 2006, the company entered into take-or-pay arrangements with suppliers through may 2009 with minimum purchase obligations of $2.2 billion during that period. the company estimates purchases during that period that exceed the minimum obligations. the company outsources certain corporate functions, such as benefit administration and information technology-related services. these contracts are expected to expire in 2013. the total remaining payments under these contracts are approximately $1.3 billion over the remaining seven years; however, these contracts can be%%transmsg*** transmitting job: c11830 pcn: 055000000 ***%%pcmsg| |00030|yes|no|02/28/2007 13:05|0|1|page is valid, no graphics -- color: n|. what is the net change in long-term debt payments from 2007 to 2011? 733.0 what is the long-term debt payment in 2007? 1340.0 what percentage change does this represent?

0.54701

edwards lifesciences corporation notes to consolidated financial statements (continued) 13. common stock (continued) the company also maintains the nonemployee directors stock incentive compensation program (the 2018 2018nonemployee directors program 2019 2019). under the nonemployee directors program, upon a director 2019s initial election to the board, the director receives an initial grant of stock options or restricted stock units equal to a fair market value on grant date of $0.2 million, not to exceed 20000 shares. these grants vest over three years from the date of grant, subject to the director 2019s continued service. in addition, annually each nonemployee director may receive up to 40000 stock options or 16000 restricted stock units of the company 2019s common stock, or a combination thereof, provided that in no event may the total value of the combined annual award exceed $0.2 million. these grants generally vest over one year from the date of grant. under the nonemployee directors program, an aggregate of 2.8 million shares of the company 2019s common stock has been authorized for issuance. the company has an employee stock purchase plan for united states employees and a plan for international employees (collectively 2018 2018espp 2019 2019). under the espp, eligible employees may purchase shares of the company 2019s common stock at 85% (85%) of the lower of the fair market value of edwards lifesciences common stock on the effective date of subscription or the date of purchase. under the espp, employees can authorize the company to withhold up to 12% (12%) of their compensation for common stock purchases, subject to certain limitations. the espp is available to all active employees of the company paid from the united states payroll and to eligible employees of the company outside the united states, to the extent permitted by local law. the espp for united states employees is qualified under section 423 of the internal revenue code. the number of shares of common stock authorized for issuance under the espp was 13.8 million shares. the fair value of each option award and employee stock purchase subscription is estimated on the date of grant using the black-scholes option valuation model that uses the assumptions noted in the following tables. the risk-free interest rate is estimated using the u.s. treasury yield curve and is based on the expected term of the award. expected volatility is estimated based on a blend of the weighted-average of the historical volatility of edwards lifesciences 2019 stock and the implied volatility from traded options on edwards lifesciences 2019 stock. the expected term of awards granted is estimated from the vesting period of the award, as well as historical exercise behavior, and represents the period of time that awards granted are expected to be outstanding. the company uses historical data to estimate forfeitures and has estimated an annual forfeiture rate of 6.0% (6.0%). the black-scholes option pricing model was used with the following weighted-average assumptions for options granted during the following periods: option awards. - | 2016 | 2015 | 2014 average risk-free interest rate | 1.1% (1.1%) | 1.4% (1.4%) | 1.5% (1.5%) expected dividend yield | none | none | none expected volatility | 33% (33%) | 30% (30%) | 31% (31%) expected life (years) | 4.5 | 4.6 | 4.6 fair value per share | $31.00 | $18.13 | $11.75 . what was the change in the fair value per share from 2014 to 2016? 19.25 and what was that fair value in 2014?

11.75

part ii item 5 2014market for registrant 2019s common equity and related stockholder matters market information. the common stock of the company is currently traded on the new york stock exchange (nyse) under the symbol 2018 2018aes. 2019 2019 the following tables set forth the high and low sale prices for the common stock as reported by the nyse for the periods indicated. price range of common stock. 2002 first quarter | high $17.84 | low $4.11 | 2001 first quarter | high $60.15 | low $41.30 second quarter | 9.17 | 3.55 | second quarter | 52.25 | 39.95 third quarter | 4.61 | 1.56 | third quarter | 44.50 | 12.00 fourth quarter | 3.57 | 0.95 | fourth quarter | 17.80 | 11.60 holders. as of march 3, 2003, there were 9663 record holders of the company 2019s common stock, par value $0.01 per share. dividends. under the terms of the company 2019s senior secured credit facilities entered into with a commercial bank syndicate, the company is not allowed to pay cash dividends. in addition, the company is precluded from paying cash dividends on its common stock under the terms of a guaranty to the utility customer in connection with the aes thames project in the event certain net worth and liquidity tests of the company are not met. the ability of the company 2019s project subsidiaries to declare and pay cash dividends to the company is subject to certain limitations in the project loans, governmental provisions and other agreements entered into by such project subsidiaries. securities authorized for issuance under equity compensation plans. see the information contained under the caption 2018 2018securities authorized for issuance under equity compensation plans 2019 2019 of the proxy statement for the annual meeting of stockholders of the registrant to be held on may 1, 2003, which information is incorporated herein by reference.. what is the sum of the high and low stock price for the second quarter 2002? 12.72 what is that divided by 2?

6.36

part iii item 10. directors, executive officers and corporate governance for the information required by this item 10, other than information with respect to our executive officers contained at the end of part i, item 1 of this report, see 201celection of directors, 201d 201cnominees for election to the board of directors, 201d 201ccorporate governance 201d and 201csection 16 (a) beneficial ownership reporting compliance, 201d in the proxy statement for our 2016 annual meeting, which information is incorporated herein by reference. the proxy statement for our 2016 annual meeting will be filed within 120 days of the close of our year. for the information required by this item 10 with respect to our executive officers, see part i, item 1. of this report. item 11. executive compensation for the information required by this item 11, see 201ccompensation discussion and analysis, 201d 201ccompensation committee report, 201d and 201cexecutive compensation 201d in the proxy statement for our 2016 annual meeting, which information is incorporated herein by reference. item 12. security ownership of certain beneficial owners and management and related stockholder matters for the information required by this item 12 with respect to beneficial ownership of our common stock, see 201csecurity ownership of certain beneficial owners and management 201d in the proxy statement for our 2016 annual meeting, which information is incorporated herein by reference. the following table sets forth certain information as of december 31, 2015 regarding our equity plans: plan category number of securities to be issued upon exercise of outstanding options, warrants and rights weighted-average exercise price of outstanding options, warrants and rights number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a) (b) (c) equity compensation plans approved by security holders 1442912 $86.98 4446967 item 13. certain relationships and related transactions, and director independence for the information required by this item 13, see 201ccertain transactions 201d and 201ccorporate governance 201d in the proxy statement for our 2016 annual meeting, which information is incorporated herein by reference. item 14. principal accounting fees and services for the information required by this item 14, see 201caudit and non-audit fees 201d and 201caudit committee pre-approval procedures 201d in the proxy statement for our 2016 annual meeting, which information is incorporated herein by reference.. plan category | number of securitiesto be issued uponexercise ofoutstanding options warrants and rights (a) (b) | weighted-averageexercise price ofoutstanding options warrants and rights | number of securitiesremaining available forfuture issuance underequity compensationplans (excludingsecurities reflected in column (a)) (c) equity compensation plans approved by security holders | 1442912 | $86.98 | 4446967 part iii item 10. directors, executive officers and corporate governance for the information required by this item 10, other than information with respect to our executive officers contained at the end of part i, item 1 of this report, see 201celection of directors, 201d 201cnominees for election to the board of directors, 201d 201ccorporate governance 201d and 201csection 16 (a) beneficial ownership reporting compliance, 201d in the proxy statement for our 2016 annual meeting, which information is incorporated herein by reference. the proxy statement for our 2016 annual meeting will be filed within 120 days of the close of our year. for the information required by this item 10 with respect to our executive officers, see part i, item 1. of this report. item 11. executive compensation for the information required by this item 11, see 201ccompensation discussion and analysis, 201d 201ccompensation committee report, 201d and 201cexecutive compensation 201d in the proxy statement for our 2016 annual meeting, which information is incorporated herein by reference. item 12. security ownership of certain beneficial owners and management and related stockholder matters for the information required by this item 12 with respect to beneficial ownership of our common stock, see 201csecurity ownership of certain beneficial owners and management 201d in the proxy statement for our 2016 annual meeting, which information is incorporated herein by reference. the following table sets forth certain information as of december 31, 2015 regarding our equity plans: plan category number of securities to be issued upon exercise of outstanding options, warrants and rights weighted-average exercise price of outstanding options, warrants and rights number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a) (b) (c) equity compensation plans approved by security holders 1442912 $86.98 4446967 item 13. certain relationships and related transactions, and director independence for the information required by this item 13, see 201ccertain transactions 201d and 201ccorporate governance 201d in the proxy statement for our 2016 annual meeting, which information is incorporated herein by reference. item 14. principal accounting fees and services for the information required by this item 14, see 201caudit and non-audit fees 201d and 201caudit committee pre-approval procedures 201d in the proxy statement for our 2016 annual meeting, which information is incorporated herein by reference.. what is the total value of the options, warrants and rights that remain available for future issuance?

386797189.66

company has a contingent liability relating to proper disposition of these balances, which amounted to $1926.8 mil- lion at december 31, 2007. as a result of holding these customers 2019 assets in escrow, the company has ongoing programs for realizing economic benefits during the year through favorable borrowing and vendor arrangements with various banks. there were no loans outstanding as of december 31, 2007 and these balances were invested in short term, high grade investments that minimize the risk to principal. leases the company leases certain of its property under leases which expire at various dates. several of these agreements include escalation clauses and provide for purchases and renewal options for periods ranging from one to five years. future minimum operating lease payments for leases with remaining terms greater than one year for each of the years in the five years ending december 31, 2012, and thereafter in the aggregate, are as follows (in thousands):. 2008 | 83382 2009 | 63060 2010 | 35269 2011 | 21598 2012 | 14860 thereafter | 30869 total | $249038 in addition, the company has operating lease commitments relating to office equipment and computer hardware with annual lease payments of approximately $16.0 million per year which renew on a short-term basis. rent expense incurred under all operating leases during the years ended december 31, 2007, 2006 and 2005 was $106.4 million, $81.5 million and $61.1 million, respectively. data processing and maintenance services agreements. the company has agreements with various vendors, which expire between 2008 and 2017, for portions of its computer data processing operations and related functions. the company 2019s estimated aggregate contractual obligation remaining under these agreements was approximately $888.3 million as of december 31, 2007. however, this amount could be more or less depending on various factors such as the inflation rate, the introduction of significant new technologies, or changes in the company 2019s data processing needs. (17) employee benefit plans stock purchase plan prior to the certegy merger (note 6), fis employees participated in the fidelity national financial, inc. employee stock purchase plan (espp). subsequent to the certegy merger, the company instituted its own plan with the same terms as the fidelity national financial, inc. plan. under the terms of both plans and subsequent amendments, eligible employees may voluntarily purchase, at current market prices, shares of fnf 2019s (prior to the certegy merger) or fis 2019s (post certegy merger) common stock through payroll deductions. pursuant to the espp, employees may contribute an amount between 3% (3%) and 15% (15%) of their base salary and certain commissions. shares purchased are allocated to employees based upon their contributions. the company contributes varying matching amounts as specified in the espp. the company recorded an expense of $15.2 million, $13.1 million and $11.1 million, respectively, for the years ended december 31, 2007, 2006 and 2005 relating to the participation of fis employees in the espp. fidelity national information services, inc. and subsidiaries and affiliates notes to consolidated and combined financial statements 2014 (continued). what was the rent expense in 2007? 106.4 and what was it in 2006? 81.5 what was, then, the change over the year?

24.9

2011 compared to 2010 mst 2019s net sales for 2011 decreased $311 million, or 4% (4%), compared to 2010. the decrease was attributable to decreased volume of approximately $390 million for certain ship and aviation system programs (primarily maritime patrol aircraft and ptds) and approximately $75 million for training and logistics solutions programs. partially offsetting these decreases was higher sales of about $165 million from production on the lcs program. mst 2019s operating profit for 2011 decreased $68 million, or 10% (10%), compared to 2010. the decrease was attributable to decreased operating profit of approximately $55 million as a result of increased reserves for contract cost matters on various ship and aviation system programs (including the terminated presidential helicopter program) and approximately $40 million due to lower volume and increased reserves on training and logistics solutions. partially offsetting these decreases was higher operating profit of approximately $30 million in 2011 primarily due to the recognition of reserves on certain undersea systems programs in 2010. adjustments not related to volume, including net profit rate adjustments described above, were approximately $55 million lower in 2011 compared to 2010. backlog backlog increased in 2012 compared to 2011 mainly due to increased orders on ship and aviation system programs (primarily mh-60 and lcs), partially offset decreased orders and higher sales volume on integrated warfare systems and sensors programs (primarily aegis). backlog decreased slightly in 2011 compared to 2010 primarily due to higher sales volume on various integrated warfare systems and sensors programs. trends we expect mst 2019s net sales to decline in 2013 in the low single digit percentage range as compared to 2012 due to the completion of ptds deliveries in 2012 and expected lower volume on training services programs. operating profit and margin are expected to increase slightly from 2012 levels primarily due to anticipated improved contract performance. space systems our space systems business segment is engaged in the research and development, design, engineering, and production of satellites, strategic and defensive missile systems, and space transportation systems. space systems is also responsible for various classified systems and services in support of vital national security systems. space systems 2019 major programs include the space-based infrared system (sbirs), advanced extremely high frequency (aehf) system, mobile user objective system (muos), global positioning satellite (gps) iii system, geostationary operational environmental satellite r-series (goes-r), trident ii d5 fleet ballistic missile, and orion. operating results for our space systems business segment include our equity interests in united launch alliance (ula), which provides expendable launch services for the u.s. government, united space alliance (usa), which provided processing activities for the space shuttle program and is winding down following the completion of the last space shuttle mission in 2011, and a joint venture that manages the u.k. 2019s atomic weapons establishment program. space systems 2019 operating results included the following (in millions):. - | 2012 | 2011 | 2010 net sales | $8347 | $8161 | $8268 operating profit | 1083 | 1063 | 1030 operating margins | 13.0% (13.0%) | 13.0% (13.0%) | 12.5% (12.5%) backlog at year-end | 18100 | 16000 | 17800 2012 compared to 2011 space systems 2019 net sales for 2012 increased $186 million, or 2% (2%), compared to 2011. the increase was attributable to higher net sales of approximately $150 million due to increased commercial satellite deliveries (two commercial satellites delivered in 2012 compared to one during 2011); about $125 million from the orion program due to higher volume and an increase in risk retirements; and approximately $70 million from increased volume on various strategic and defensive missile programs. partially offsetting the increases were lower net sales of approximately $105 million from certain government satellite programs (primarily sbirs and muos) as a result of decreased volume and a decline in risk retirements; and about $55 million from the nasa external tank program, which ended in connection with the completion of the space shuttle program in 2011.. what was the increase in the operating profit for space systems from 2011 to 2012? 20.0 and what was that operating profit in 2011? 1063.0 what, then, is that increase as a portion of this 2011 amount?

0.01881

page 31 of 94 other liquidity items cash payments required for long-term debt maturities, rental payments under noncancellable operating leases, purchase obligations and other commitments in effect at december 31, 2007, are summarized in the following table:. ($in millions) | payments due by period (a) total | payments due by period (a) less than 1 year | payments due by period (a) 1-3 years | payments due by period (a) 3-5 years | payments due by period (a) more than 5 years long-term debt | $2302.6 | $126.1 | $547.6 | $1174.9 | $454.0 capital lease obligations | 4.4 | 1.0 | 0.8 | 0.5 | 2.1 interest payments on long-term debt (b) | 698.6 | 142.9 | 246.3 | 152.5 | 156.9 operating leases | 218.5 | 49.9 | 71.7 | 42.5 | 54.4 purchase obligations (c) | 6092.6 | 2397.2 | 3118.8 | 576.6 | 2013 common stock repurchase agreements | 131.0 | 131.0 | 2013 | 2013 | 2013 legal settlement | 70.0 | 70.0 | 2013 | 2013 | 2013 total payments on contractual obligations | $9517.7 | $2918.1 | $3985.2 | $1947.0 | $667.4 total payments on contractual obligations $9517.7 $2918.1 $3985.2 $1947.0 $667.4 (a) amounts reported in local currencies have been translated at the year-end exchange rates. (b) for variable rate facilities, amounts are based on interest rates in effect at year end and do not contemplate the effects of hedging instruments. (c) the company 2019s purchase obligations include contracted amounts for aluminum, steel, plastic resin and other direct materials. also included are commitments for purchases of natural gas and electricity, aerospace and technologies contracts and other less significant items. in cases where variable prices and/or usage are involved, management 2019s best estimates have been used. depending on the circumstances, early termination of the contracts may not result in penalties and, therefore, actual payments could vary significantly. contributions to the company 2019s defined benefit pension plans, not including the unfunded german plans, are expected to be $49 million in 2008. this estimate may change based on plan asset performance. benefit payments related to these plans are expected to be $66 million, $70 million, $74 million, $77 million and $82 million for the years ending december 31, 2008 through 2012, respectively, and a total of $473 million for the years 2013 through 2017. payments to participants in the unfunded german plans are expected to be approximately $26 million in each of the years 2008 through 2012 and a total of $136 million for the years 2013 through 2017. in accordance with united kingdom pension regulations, ball has provided an a38 million guarantee to the plan for its defined benefit plan in the united kingdom. if the company 2019s credit rating falls below specified levels, ball will be required to either: (1) contribute an additional a38 million to the plan; (2) provide a letter of credit to the plan in that amount or (3) if imposed by the appropriate regulatory agency, provide a lien on company assets in that amount for the benefit of the plan. the guarantee can be removed upon approval by both ball and the pension plan trustees. our share repurchase program in 2007 was $211.3 million, net of issuances, compared to $45.7 million net repurchases in 2006 and $358.1 million in 2005. the net repurchases included the $51.9 million settlement on january 5, 2007, of a forward contract entered into in december 2006 for the repurchase of 1200000 shares. however, the 2007 net repurchases did not include a forward contract entered into in december 2007 for the repurchase of 675000 shares. the contract was settled on january 7, 2008, for $31 million in cash. on december 12, 2007, in a privately negotiated transaction, ball entered into an accelerated share repurchase agreement to buy $100 million of its common shares using cash on hand and available borrowings. the company advanced the $100 million on january 7, 2008, and received approximately 2 million shares, which represented 90 percent of the total shares as calculated using the previous day 2019s closing price. the exact number of shares to be repurchased under the agreement, which will be determined on the settlement date (no later than june 5, 2008), is subject to an adjustment based on a weighted average price calculation for the period between the initial purchase date and the settlement date. the company has the option to settle the contract in either cash or shares. including the settlements of the forward share purchase contract and the accelerated share repurchase agreement, we expect to repurchase approximately $300 million of our common shares, net of issuances, in 2008. annual cash dividends paid on common stock were 40 cents per share in 2007, 2006 and 2005. total dividends paid were $40.6 million in 2007, $41 million in 2006 and $42.5 million in 2005.. what was the cash dividend paid per common stock share in 2006? 40.0 what is that divided by 100? 0.4 what were total dividends paid in 2006? 41.0 what is the total dividends paid over the quotient of dividends per share?

102.5

stockholder return performance graphs the following graph compares the cumulative 5-year total stockholder return on our common stock relative to the cumulative total return of the nasdaq composite index and the s&p 400 information technology index. the graph assumes that the value of the investment in our common stock and in each index (including reinvestment of dividends) was $100 on december 29, 2007 and tracks it through december 29, 2012. comparison of 5 year cumulative total return* among cadence design systems, inc., the nasdaq composite index, and s&p 400 information technology cadence design systems, inc. nasdaq composite s&p 400 information technology 12/29/1212/31/111/1/111/2/101/3/0912/29/07 *$100 invested on 12/29/07 in stock or 12/31/07 in index, including reinvestment of dividends. indexes calculated on month-end basis. copyright a9 2013 s&p, a division of the mcgraw-hill companies inc. all rights reserved.. - | 12/29/2007 | 1/3/2009 | 1/2/2010 | 1/1/2011 | 12/31/2011 | 12/29/2012 cadence design systems inc. | 100.00 | 22.55 | 35.17 | 48.50 | 61.07 | 78.92 nasdaq composite | 100.00 | 59.03 | 82.25 | 97.32 | 98.63 | 110.78 s&p 400 information technology | 100.00 | 54.60 | 82.76 | 108.11 | 95.48 | 109.88 the stock price performance included in this graph is not necessarily indicative of future stock price performance. what is the value of an investment in cadence design systems inc. in 2012?

78.92

net sales increased $29.9 million, or 6.3% (6.3%), due to higher sales volume driven primarily by continuing improvement in the u.s. home products market and the benefit from new product introductions and price increases to help mitigate cumulative raw material cost increases. operating income increased $12.6 million, or 20.4% (20.4%), due to higher net sales, the benefits from productivity improvements and leveraging sales on our existing fixed cost base. security net sales increased $12.8 million, or 2.2% (2.2%), due to higher sales volume and price increases to help mitigate cumulative raw material cost increases. these benefits were partially offset by the impact of our exiting of two product lines in our commercial distribution channel. operating income increased $5.8 million, or 8.7% (8.7%), primarily due to the higher net sales, the benefits from productivity improvements, lower restructuring and other charges (approximately $6 million) relating to the completion in 2016 of a manufacturing facility relocation, favorable foreign exchange and the related cost savings resulting from the facility relocation. corporate corporate expenses increased by $5.7 million mainly due to the impairment of a long lived asset and recognition of an actuarial gain versus an actuarial loss in 2016 and higher defined benefit plan income during 2017 compared to 2016. (in millions) 2017 2016. (in millions) | 2017 | 2016 general and administrative expense | $-90.3 (90.3) | $-80.9 (80.9) defined benefit plan income | 4.2 | 2.9 defined benefit plan recognition of actuarial gains (losses) | 0.5 | -1.9 (1.9) total corporate expenses | $-85.6 (85.6) | $-79.9 (79.9) in future periods the company may record, in the corporate segment, material expense or income associated with actuarial gains and losses arising from periodic remeasurement of our liabilities for defined benefit plans. at a minimum the company will remeasure its defined benefit plan liabilities in the fourth quarter of each year. remeasurements due to plan amendments and settlements may also occur in interim periods during the year. remeasurement of these liabilities attributable to updating our liability discount rates and expected return on assets may, in particular, result in material income or expense recognition. 2016 compared to 2015 total fortune brands net sales net sales increased $405.5 million, or 9% (9%). the increase was due to higher sales volume primarily from the continuing improvement in u.s. market conditions for home products, the benefit from the acquisitions in our cabinets and plumbing segments and price increases to help mitigate cumulative raw material cost increases and the effect of unfavorable foreign exchange. these benefits were partially offset by unfavorable foreign exchange of approximately $27 million and higher sales rebates. cost of products sold cost of products sold increased $182.8 million, or 6% (6%), due to higher net sales, including the impact of the acquisitions in our cabinets and plumbing segments, partially offset by the benefit of productivity improvements.. what was the change in the defined benefit plan income from 2016 to 2017? 1.3 and what was that income in 2016?

2.9

the goldman sachs group, inc. and subsidiaries management 2019s discussion and analysis sensitivity measures certain portfolios and individual positions are not included in var because var is not the most appropriate risk measure. other sensitivity measures we use to analyze market risk are described below. 10% (10%) sensitivity measures. the table below presents market risk for positions, accounted for at fair value, that are not included in var by asset category.. $in millions | as of december 2017 | as of december 2016 | as of december 2015 equity | $2096 | $2085 | $2157 debt | 1606 | 1702 | 1479 total | $3702 | $3787 | $3636 in the table above: 2030 the market risk of these positions is determined by estimating the potential reduction in net revenues of a 10% (10%) decline in the value of these positions. 2030 equity positions relate to private and restricted public equity securities, including interests in funds that invest in corporate equities and real estate and interests in hedge funds. 2030 debt positions include interests in funds that invest in corporate mezzanine and senior debt instruments, loans backed by commercial and residential real estate, corporate bank loans and other corporate debt, including acquired portfolios of distressed loans. 2030 equity and debt funded positions are included in our consolidated statements of financial condition in financial instruments owned. see note 6 to the consolidated financial statements for further information about cash instruments. 2030 these measures do not reflect the diversification effect across asset categories or across other market risk measures. credit spread sensitivity on derivatives and financial liabilities. var excludes the impact of changes in counterparty and our own credit spreads on derivatives, as well as changes in our own credit spreads (debt valuation adjustment) on financial liabilities for which the fair value option was elected. the estimated sensitivity to a one basis point increase in credit spreads (counterparty and our own) on derivatives was a gain of $3 million and $2 million (including hedges) as of december 2017 and december 2016, respectively. in addition, the estimated sensitivity to a one basis point increase in our own credit spreads on financial liabilities for which the fair value option was elected was a gain of $35 million and $25 million as of december 2017 and december 2016, respectively. however, the actual net impact of a change in our own credit spreads is also affected by the liquidity, duration and convexity (as the sensitivity is not linear to changes in yields) of those financial liabilities for which the fair value option was elected, as well as the relative performance of any hedges undertaken. interest rate sensitivity. loans receivable as of december 2017 and december 2016 were $65.93 billion and $49.67 billion, respectively, substantially all of which had floating interest rates. as of december 2017 and december 2016, the estimated sensitivity to a 100 basis point increase in interest rates on such loans was $527 million and $405 million, respectively, of additional interest income over a twelve-month period, which does not take into account the potential impact of an increase in costs to fund such loans. see note 9 to the consolidated financial statements for further information about loans receivable. other market risk considerations as of december 2017 and december 2016, we had commitments and held loans for which we have obtained credit loss protection from sumitomo mitsui financial group, inc. see note 18 to the consolidated financial statements for further information about such lending commitments. in addition, we make investments in securities that are accounted for as available-for-sale and included in financial instruments owned in the consolidated statements of financial condition. see note 6 to the consolidated financial statements for further information. we also make investments accounted for under the equity method and we also make direct investments in real estate, both of which are included in other assets. direct investments in real estate are accounted for at cost less accumulated depreciation. see note 13 to the consolidated financial statements for further information about other assets. goldman sachs 2017 form 10-k 93. between the years of 2015 and 2016, what was the change in the estimated sensitivity to a one basis point increase in credit spreads on financial liabilities for which the fair value option was elected? 10.0 and in the subsequent year of this period, in 2017, what percentage of the total market risk for positions, accounted for at fair value, that are not included in var, was due to equity?

0.56618

transaction and commercial issues in many of our businesses. these skills are a valuable resource as we monitor regulatory and tariff schemes to determine our capital budgeting needs and integrate acquisitions. the company expects to realize cost reduction and performance improvement benefits in both earnings and cash flows; however, there can be no assurance that the reductions and improvements will continue and our inability to sustain the reductions and improvements may result in less than expected earnings and cash flows in 2004 and beyond. asset sales during 2003, we continued the initiative to sell all or part of certain of the company 2019s subsidiaries. this initiative was designed to decrease the company 2019s dependence on access to capital markets and improve the strength of our balance sheet by reducing financial leverage and improving liquidity. the following chart details the asset sales that were closed during 2003. sales proceeds project name date completed (in millions) location. project name | date completed | sales proceeds (in millions) | location cilcorp/medina valley | january 2003 | $495 | united states aes ecogen/aes mt. stuart | january 2003 | $59 | australia mountainview | march 2003 | $30 | united states kelvin | march 2003 | $29 | south africa songas | april 2003 | $94 | tanzania aes barry limited | july 2003 | a340/$62 | united kingdom aes haripur private ltd/aes meghnaghat ltd | december 2003 | $145 | bangladesh aes mtkvari/aes khrami/aes telasi | august 2003 | $23 | republic of georgia medway power limited/aes medway operations limited | november 2003 | a347/$78 | united kingdom aes oasis limited | december 2003 | $150 | pakistan/oman the company continues to evaluate its portfolio and business performance and may decide to dispose of additional businesses in the future. however given the improvements in our liquidity there will be a lower emphasis placed on asset sales in the future for purposes of improving liquidity and strengthening the balance sheet. for any sales that happen in the future, there can be no guarantee that the proceeds from such sale transactions will cover the entire investment in the subsidiaries. depending on which businesses are eventually sold, the entire or partial sale of any business may change the current financial characteristics of the company 2019s portfolio and results of operations. furthermore future sales may impact the amount of recurring earnings and cash flows the company would expect to achieve. subsidiary restructuring during 2003, we completed and initiated restructuring transactions for several of our south american businesses. the efforts are focused on improving the businesses long-term prospects for generating acceptable returns on invested capital or extending short-term debt maturities. businesses impacted include eletropaulo, tiete, uruguaiana and sul in brazil and gener in chile. brazil eletropaulo. aes has owned an interest in eletropaulo since april 1998, when the company was privatized. in february 2002 aes acquired a controlling interest in the business and as a consequence started to consolidate it. aes financed a significant portion of the acquisition of eletropaulo, including both common and preferred shares, through loans and deferred purchase price financing arrangements provided by the brazilian national development bank 2014 (2018 2018bndes 2019 2019), and its wholly-owned subsidiary, bndes participac 0327o 0303es s.a. (2018 2018bndespar 2019 2019), to aes 2019s subsidiaries, aes elpa s.a. (2018 2018aes elpa 2019 2019) and aes transgas empreendimentos, s.a. (2018 2018aes transgas 2019 2019).. what were the sales proceeds from cilcorp/medina valley in january 2003? 495.0 what were the proceeds from aes ecogen/aes mt. stuart in january 2003? 59.0 what is the sum? 554.0 what is the sum including mountainview proceeds? 584.0 what is the proceeds from kelvin? 29.0 what is the total sum from the 4 projects?

613.0

american tower corporation and subsidiaries notes to consolidated financial statements 2014 (continued) at december 31, 2005, the company had net federal and state operating loss carryforwards available to reduce future taxable income of approximately $2.2 billion and $2.4 billion, respectively. if not utilized, the company 2019s net operating loss carryforwards expire as follows (in thousands):. years ended december 31, | federal | state 2006 to 2010 | $5248 | $469747 2011 to 2015 | 10012 | 272662 2016 to 2020 | 397691 | 777707 2021 to 2025 | 1744552 | 897896 total | $2157503 | $2418012 sfas no. 109, 201caccounting for income taxes, 201d requires that companies record a valuation allowance when it is 201cmore likely than not that some portion or all of the deferred tax assets will not be realized. 201d at december 31, 2005, the company has provided a valuation allowance of approximately $422.4 million, including approximately $249.5 million attributable to spectrasite, primarily related to net operating loss and capital loss carryforwards. approximately $237.8 million of the spectrasite valuation allowance was assumed as of the acquisition date. the balance of the valuation allowance primarily relates to net state deferred tax assets. the company has not provided a valuation allowance for the remaining deferred tax assets, primarily its federal net operating loss carryforwards, as management believes the company will have sufficient time to realize these federal net operating loss carryforwards during the twenty-year tax carryforward period. the company intends to recover a portion of its deferred tax asset through its federal income tax refund claims related to the carry back of certain federal net operating losses. in june 2003 and october 2003, the company filed federal income tax refund claims with the irs relating to the carry back of $380.0 million of net operating losses generated prior to 2003, of which the company initially anticipated receiving approximately $90.0 million. based on preliminary discussions with tax authorities, the company has revised its estimate of the net realizable value of the federal income tax refund claims and anticipates receiving a refund of approximately $65.0 million as a result of these claims by the end of 2006. there can be no assurances, however, with respect to the specific amount and timing of any refund. the recoverability of the company 2019s remaining net deferred tax asset has been assessed utilizing stable state (no growth) projections based on its current operations. the projections show a significant decrease in depreciation and interest expense in the later years of the carryforward period as a result of a significant portion of its assets being fully depreciated during the first fifteen years of the carryforward period and debt repayments reducing interest expense. accordingly, the recoverability of the net deferred tax asset is not dependent on material improvements to operations, material asset sales or other non-routine transactions. based on its current outlook of future taxable income during the carryforward period, management believes that the net deferred tax asset will be realized. the realization of the company 2019s deferred tax assets as of december 31, 2005 will be dependent upon its ability to generate approximately $1.3 billion in taxable income from january 1, 2006 to december 31, 2025. if the company is unable to generate sufficient taxable income in the future, or carry back losses, as described above, it will be required to reduce its net deferred tax asset through a charge to income tax expense, which would result in a corresponding decrease in stockholders 2019 equity. from time to time the company is subject to examination by various tax authorities in jurisdictions in which the company has significant business operations. the company regularly assesses the likelihood of additional assessments in each of the tax jurisdictions resulting from these examinations. during the year ended. what was the total value of net operating loss carryforwards?

4575515.0

management 2019s discussion and analysis 78 jpmorgan chase & co./2018 form 10-k treasury and cio overview treasury and cio is predominantly responsible for measuring, monitoring, reporting and managing the firm 2019s liquidity, funding, capital, structural interest rate and foreign exchange risks. the risks managed by treasury and cio arise from the activities undertaken by the firm 2019s four major reportable business segments to serve their respective client bases, which generate both on- and off- balance sheet assets and liabilities. treasury and cio seek to achieve the firm 2019s asset-liability management objectives generally by investing in high- quality securities that are managed for the longer-term as part of the firm 2019s investment securities portfolio. treasury and cio also use derivatives to meet the firm 2019s asset- liability management objectives. for further information on derivatives, refer to note 5. in addition, treasury and cio manage the firm 2019s cash position primarily through depositing at central banks and investing in short-term instruments. for further information on liquidity and funding risk, refer to liquidity risk management on pages 95 2013100. for information on interest rate, foreign exchange and other risks, refer to market risk management on pages 124 2013131. the investment securities portfolio primarily consists of agency and nonagency mortgage-backed securities, u.s. and non-u.s. government securities, obligations of u.s. states and municipalities, other abs and corporate debt securities. at december 31, 2018, the investment securities portfolio was $260.1 billion, and the average credit rating of the securities comprising the portfolio was aa+ (based upon external ratings where available and, where not available, based primarily upon internal ratings that correspond to ratings as defined by s&p and moody 2019s). refer to note 10 for further information on the firm 2019s investment securities portfolio. selected income statement and balance sheet data as of or for the year ended december 31, (in millions) 2018 2017 2016 investment securities gains/ (losses) $(395) $(78) $132 available-for-sale (201cafs 201d) investment securities (average) 203449 219345 226892 held-to-maturity (201chtm 201d) investment securities (average) 31747 47927 51358 investment securities portfolio (average) 235197 267272 278250 afs investment securities (period-end) 228681 200247 236670 htm investment securities (period-end) 31434 47733 50168 investment securities portfolio (period 2013end) 260115 247980 286838 as permitted by the new hedge accounting guidance, the firm elected to transfer certain investment securities from htm to afs in the first quarter of 2018. for additional information, refer to notes 1 and 10.. as of or for the year ended december 31 (in millions) | 2018 | 2017 | 2016 investment securities gains/ (losses) | $-395 (395) | $-78 (78) | $132 available-for-sale (201cafs 201d) investment securities (average) | 203449 | 219345 | 226892 held-to-maturity (201chtm 201d) investment securities (average) | 31747 | 47927 | 51358 investment securities portfolio (average) | 235197 | 267272 | 278250 afs investment securities (period-end) | 228681 | 200247 | 236670 htm investment securities (period-end) | 31434 | 47733 | 50168 investment securities portfolio (period 2013end) | 260115 | 247980 | 286838 management 2019s discussion and analysis 78 jpmorgan chase & co./2018 form 10-k treasury and cio overview treasury and cio is predominantly responsible for measuring, monitoring, reporting and managing the firm 2019s liquidity, funding, capital, structural interest rate and foreign exchange risks. the risks managed by treasury and cio arise from the activities undertaken by the firm 2019s four major reportable business segments to serve their respective client bases, which generate both on- and off- balance sheet assets and liabilities. treasury and cio seek to achieve the firm 2019s asset-liability management objectives generally by investing in high- quality securities that are managed for the longer-term as part of the firm 2019s investment securities portfolio. treasury and cio also use derivatives to meet the firm 2019s asset- liability management objectives. for further information on derivatives, refer to note 5. in addition, treasury and cio manage the firm 2019s cash position primarily through depositing at central banks and investing in short-term instruments. for further information on liquidity and funding risk, refer to liquidity risk management on pages 95 2013100. for information on interest rate, foreign exchange and other risks, refer to market risk management on pages 124 2013131. the investment securities portfolio primarily consists of agency and nonagency mortgage-backed securities, u.s. and non-u.s. government securities, obligations of u.s. states and municipalities, other abs and corporate debt securities. at december 31, 2018, the investment securities portfolio was $260.1 billion, and the average credit rating of the securities comprising the portfolio was aa+ (based upon external ratings where available and, where not available, based primarily upon internal ratings that correspond to ratings as defined by s&p and moody 2019s). refer to note 10 for further information on the firm 2019s investment securities portfolio. selected income statement and balance sheet data as of or for the year ended december 31, (in millions) 2018 2017 2016 investment securities gains/ (losses) $(395) $(78) $132 available-for-sale (201cafs 201d) investment securities (average) 203449 219345 226892 held-to-maturity (201chtm 201d) investment securities (average) 31747 47927 51358 investment securities portfolio (average) 235197 267272 278250 afs investment securities (period-end) 228681 200247 236670 htm investment securities (period-end) 31434 47733 50168 investment securities portfolio (period 2013end) 260115 247980 286838 as permitted by the new hedge accounting guidance, the firm elected to transfer certain investment securities from htm to afs in the first quarter of 2018. for additional information, refer to notes 1 and 10.. what is the value of the afs investment securities in 2018? 228681.0 what is the value in 2017?

200247.0

when we purchase an asset, we capitalize all costs necessary to make the asset ready for its intended use. however, many of our assets are self-constructed. a large portion of our capital expenditures is for track structure expansion (capacity projects) and replacement (program projects), which is typically performed by our employees. approximately 13% (13%) of our full-time equivalent employees are dedicated to the construction of capital assets. costs that are directly attributable or overhead costs that relate directly to capital projects are capitalized. direct costs that are capitalized as part of self-constructed assets include material, labor, and work equipment. indirect costs are capitalized if they clearly relate to the construction of the asset. these costs are allocated using appropriate statistical bases. the capitalization of indirect costs is consistent with fasb statement no. 67, accounting for costs and initial rental operations of real estate projects. general and administrative expenditures are expensed as incurred. normal repairs and maintenance are also expensed as incurred, while costs incurred that extend the useful life of an asset, improve the safety of our operations or improve operating efficiency are capitalized. assets held under capital leases are recorded at the lower of the net present value of the minimum lease payments or the fair value of the leased asset at the inception of the lease. amortization expense is computed using the straight-line method over the shorter of the estimated useful lives of the assets or the period of the related lease. 10. accounts payable and other current liabilities dec. 31, dec. 31, millions of dollars 2008 2007. millions of dollars | dec. 31 2008 | dec. 31 2007 accounts payable | $629 | $732 accrued wages and vacation | 367 | 394 accrued casualty costs | 390 | 371 income and other taxes | 207 | 343 dividends and interest | 328 | 284 equipment rents payable | 93 | 103 other | 546 | 675 total accounts payable and other current liabilities | $2560 | $2902 11. fair value measurements during the first quarter of 2008, we fully adopted fasb statement no. 157, fair value measurements (fas 157). fas 157 established a framework for measuring fair value and expanded disclosures about fair value measurements. the adoption of fas 157 had no impact on our financial position or results of operations. fas 157 applies to all assets and liabilities that are measured and reported on a fair value basis. this enables the reader of the financial statements to assess the inputs used to develop those measurements by establishing a hierarchy for ranking the quality and reliability of the information used to determine fair values. the statement requires that each asset and liability carried at fair value be classified into one of the following categories: level 1: quoted market prices in active markets for identical assets or liabilities. level 2: observable market based inputs or unobservable inputs that are corroborated by market data. level 3: unobservable inputs that are not corroborated by market data.. as of december 31, 2008, what was the amount of the accrued wages and vacation? 367.0 and what was the total of accounts payable and other current liabilities? 2560.0 what percentage, then, did that amount represent in relation to this total? 0.14336 and from 2007 to that year, what was the change in the total of equipment rents payable? -10.0 what is this change as a percentage of that total in 2007?

-0.09709

page 31 of 94 other liquidity items cash payments required for long-term debt maturities, rental payments under noncancellable operating leases, purchase obligations and other commitments in effect at december 31, 2007, are summarized in the following table:. ($in millions) | payments due by period (a) total | payments due by period (a) less than 1 year | payments due by period (a) 1-3 years | payments due by period (a) 3-5 years | payments due by period (a) more than 5 years long-term debt | $2302.6 | $126.1 | $547.6 | $1174.9 | $454.0 capital lease obligations | 4.4 | 1.0 | 0.8 | 0.5 | 2.1 interest payments on long-term debt (b) | 698.6 | 142.9 | 246.3 | 152.5 | 156.9 operating leases | 218.5 | 49.9 | 71.7 | 42.5 | 54.4 purchase obligations (c) | 6092.6 | 2397.2 | 3118.8 | 576.6 | 2013 common stock repurchase agreements | 131.0 | 131.0 | 2013 | 2013 | 2013 legal settlement | 70.0 | 70.0 | 2013 | 2013 | 2013 total payments on contractual obligations | $9517.7 | $2918.1 | $3985.2 | $1947.0 | $667.4 total payments on contractual obligations $9517.7 $2918.1 $3985.2 $1947.0 $667.4 (a) amounts reported in local currencies have been translated at the year-end exchange rates. (b) for variable rate facilities, amounts are based on interest rates in effect at year end and do not contemplate the effects of hedging instruments. (c) the company 2019s purchase obligations include contracted amounts for aluminum, steel, plastic resin and other direct materials. also included are commitments for purchases of natural gas and electricity, aerospace and technologies contracts and other less significant items. in cases where variable prices and/or usage are involved, management 2019s best estimates have been used. depending on the circumstances, early termination of the contracts may not result in penalties and, therefore, actual payments could vary significantly. contributions to the company 2019s defined benefit pension plans, not including the unfunded german plans, are expected to be $49 million in 2008. this estimate may change based on plan asset performance. benefit payments related to these plans are expected to be $66 million, $70 million, $74 million, $77 million and $82 million for the years ending december 31, 2008 through 2012, respectively, and a total of $473 million for the years 2013 through 2017. payments to participants in the unfunded german plans are expected to be approximately $26 million in each of the years 2008 through 2012 and a total of $136 million for the years 2013 through 2017. in accordance with united kingdom pension regulations, ball has provided an a38 million guarantee to the plan for its defined benefit plan in the united kingdom. if the company 2019s credit rating falls below specified levels, ball will be required to either: (1) contribute an additional a38 million to the plan; (2) provide a letter of credit to the plan in that amount or (3) if imposed by the appropriate regulatory agency, provide a lien on company assets in that amount for the benefit of the plan. the guarantee can be removed upon approval by both ball and the pension plan trustees. our share repurchase program in 2007 was $211.3 million, net of issuances, compared to $45.7 million net repurchases in 2006 and $358.1 million in 2005. the net repurchases included the $51.9 million settlement on january 5, 2007, of a forward contract entered into in december 2006 for the repurchase of 1200000 shares. however, the 2007 net repurchases did not include a forward contract entered into in december 2007 for the repurchase of 675000 shares. the contract was settled on january 7, 2008, for $31 million in cash. on december 12, 2007, in a privately negotiated transaction, ball entered into an accelerated share repurchase agreement to buy $100 million of its common shares using cash on hand and available borrowings. the company advanced the $100 million on january 7, 2008, and received approximately 2 million shares, which represented 90 percent of the total shares as calculated using the previous day 2019s closing price. the exact number of shares to be repurchased under the agreement, which will be determined on the settlement date (no later than june 5, 2008), is subject to an adjustment based on a weighted average price calculation for the period between the initial purchase date and the settlement date. the company has the option to settle the contract in either cash or shares. including the settlements of the forward share purchase contract and the accelerated share repurchase agreement, we expect to repurchase approximately $300 million of our common shares, net of issuances, in 2008. annual cash dividends paid on common stock were 40 cents per share in 2007, 2006 and 2005. total dividends paid were $40.6 million in 2007, $41 million in 2006 and $42.5 million in 2005.. what were the annual cash dividends paid on common stock per share in 2006, in dollars? 0.4 and what was, in millions, the total of dividends paid in that year?

41.0

software and will give the company a comprehensive design-to-silicon flow that links directly into the semiconductor manufacturing process. integrating hpl 2019s yield management and test chip technologies into the company 2019s industry-leading dfm portfolio is also expected to enable customers to increase their productivity and improve profitability in the design and manufacture of advanced semiconductor devices. purchase price. the company paid $11.0 million in cash for all outstanding shares of hpl. in addition, the company had a prior investment in hpl of approximately $1.9 million. the total purchase consideration consisted of:. - | (in thousands) cash paid | $11001 prior investment in hpl | 1872 acquisition-related costs | 2831 total purchase price | $15704 acquisition-related costs of $2.8 million consist primarily of legal, tax and accounting fees of $1.6 million, $0.3 million of estimated facilities closure costs and other directly related charges, and $0.9 million in employee termination costs. as of october 31, 2006, the company had paid $2.2 million of the acquisition related costs, of which $1.1 million were for professional services costs, $0.2 million were for facilities closure costs and $0.9 million were for employee termination costs. the $0.6 million balance remaining at october 31, 2006 consists of professional and tax-related service fees and facilities closure costs. assets acquired. the company acquired $8.5 million of intangible assets consisting of $5.1 million in core developed technology, $3.2 million in customer relationships and $0.2 million in backlog to be amortized over two to four years. approximately $0.8 million of the purchase price represents the fair value of acquired in-process research and development projects that have not yet reached technological feasibility and have no alternative future use. accordingly, the amount was immediately expensed and included in the company 2019s condensed consolidated statement of operations for the first quarter of fiscal year 2006. additionally, the company acquired tangible assets of $14.0 million and assumed liabilities of $10.9 million. goodwill, representing the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in the merger was $3.4 million. goodwill resulted primarily from the company 2019s expectation of synergies from the integration of hpl 2019s technology with the company 2019s technology and operations. other. during the fiscal year 2006, the company completed an asset acquisition for cash consideration of $1.5 million. this acquisition is not considered material to the company 2019s consolidated balance sheet and results of operations. fiscal 2005 acquisitions nassda corporation (nassda) the company acquired nassda on may 11, 2005. reasons for the acquisition. the company believes nassda 2019s full-chip circuit simulation and analysis software will broaden its offerings of transistor-level circuit simulation tools, particularly in the area of mixed-signal and memory design. purchase price. the company acquired all the outstanding shares of nassda for total cash consideration of $200.2 million, or $7.00 per share. in addition, as required by the merger agreement, certain nassda officers, directors and employees who were defendants in certain preexisting litigation. what is the total acquired intangible assets in thousands? 8500.0 what is the total purchase price in thousands?

15704.0

five-year stock performance graph the graph below illustrates the cumulative total shareholder return on snap-on common stock since december 31, 2007, assuming that dividends were reinvested. the graph compares snap-on 2019s performance to that of the standard & poor 2019s 500 stock index (201cs&p 500 201d) and a peer group. snap-on incorporated total shareholder return (1) fiscal year ended (2) snap-on incorporated peer group (3) s&p 500. fiscal year ended (2) | snap-onincorporated | peer group (3) | s&p 500 december 31 2007 | $100.00 | $100.00 | $100.00 december 31 2008 | 83.66 | 66.15 | 63.00 december 31 2009 | 93.20 | 84.12 | 79.67 december 31 2010 | 128.21 | 112.02 | 91.67 december 31 2011 | 117.47 | 109.70 | 93.61 december 31 2012 | 187.26 | 129.00 | 108.59 (1) assumes $100 was invested on december 31, 2007, and that dividends were reinvested quarterly. (2) the company's fiscal year ends on the saturday that is on or nearest to december 31 of each year; for ease of calculation, the fiscal year end is assumed to be december 31. (3) the peer group consists of: stanley black & decker, inc., danaher corporation, emerson electric co., genuine parts company, newell rubbermaid inc., pentair ltd., spx corporation and w.w. grainger, inc. cooper industries plc, a former member of the peer group, was removed, as it was acquired by a larger, non-comparable company in 2012. 2012 annual report 23 snap-on incorporated peer group s&p 500 2007 2008 201120102009 2012. what is the value of the investment in snap-onincorporated in 2008? 83.66 what is the net change in value? -16.34 what percentage change does this represent?

-0.1634

management 2019s discussion and analysis 78 jpmorgan chase & co./2018 form 10-k treasury and cio overview treasury and cio is predominantly responsible for measuring, monitoring, reporting and managing the firm 2019s liquidity, funding, capital, structural interest rate and foreign exchange risks. the risks managed by treasury and cio arise from the activities undertaken by the firm 2019s four major reportable business segments to serve their respective client bases, which generate both on- and off- balance sheet assets and liabilities. treasury and cio seek to achieve the firm 2019s asset-liability management objectives generally by investing in high- quality securities that are managed for the longer-term as part of the firm 2019s investment securities portfolio. treasury and cio also use derivatives to meet the firm 2019s asset- liability management objectives. for further information on derivatives, refer to note 5. in addition, treasury and cio manage the firm 2019s cash position primarily through depositing at central banks and investing in short-term instruments. for further information on liquidity and funding risk, refer to liquidity risk management on pages 95 2013100. for information on interest rate, foreign exchange and other risks, refer to market risk management on pages 124 2013131. the investment securities portfolio primarily consists of agency and nonagency mortgage-backed securities, u.s. and non-u.s. government securities, obligations of u.s. states and municipalities, other abs and corporate debt securities. at december 31, 2018, the investment securities portfolio was $260.1 billion, and the average credit rating of the securities comprising the portfolio was aa+ (based upon external ratings where available and, where not available, based primarily upon internal ratings that correspond to ratings as defined by s&p and moody 2019s). refer to note 10 for further information on the firm 2019s investment securities portfolio. selected income statement and balance sheet data as of or for the year ended december 31, (in millions) 2018 2017 2016 investment securities gains/ (losses) $(395) $(78) $132 available-for-sale (201cafs 201d) investment securities (average) 203449 219345 226892 held-to-maturity (201chtm 201d) investment securities (average) 31747 47927 51358 investment securities portfolio (average) 235197 267272 278250 afs investment securities (period-end) 228681 200247 236670 htm investment securities (period-end) 31434 47733 50168 investment securities portfolio (period 2013end) 260115 247980 286838 as permitted by the new hedge accounting guidance, the firm elected to transfer certain investment securities from htm to afs in the first quarter of 2018. for additional information, refer to notes 1 and 10.. as of or for the year ended december 31 (in millions) | 2018 | 2017 | 2016 investment securities gains/ (losses) | $-395 (395) | $-78 (78) | $132 available-for-sale (201cafs 201d) investment securities (average) | 203449 | 219345 | 226892 held-to-maturity (201chtm 201d) investment securities (average) | 31747 | 47927 | 51358 investment securities portfolio (average) | 235197 | 267272 | 278250 afs investment securities (period-end) | 228681 | 200247 | 236670 htm investment securities (period-end) | 31434 | 47733 | 50168 investment securities portfolio (period 2013end) | 260115 | 247980 | 286838 management 2019s discussion and analysis 78 jpmorgan chase & co./2018 form 10-k treasury and cio overview treasury and cio is predominantly responsible for measuring, monitoring, reporting and managing the firm 2019s liquidity, funding, capital, structural interest rate and foreign exchange risks. the risks managed by treasury and cio arise from the activities undertaken by the firm 2019s four major reportable business segments to serve their respective client bases, which generate both on- and off- balance sheet assets and liabilities. treasury and cio seek to achieve the firm 2019s asset-liability management objectives generally by investing in high- quality securities that are managed for the longer-term as part of the firm 2019s investment securities portfolio. treasury and cio also use derivatives to meet the firm 2019s asset- liability management objectives. for further information on derivatives, refer to note 5. in addition, treasury and cio manage the firm 2019s cash position primarily through depositing at central banks and investing in short-term instruments. for further information on liquidity and funding risk, refer to liquidity risk management on pages 95 2013100. for information on interest rate, foreign exchange and other risks, refer to market risk management on pages 124 2013131. the investment securities portfolio primarily consists of agency and nonagency mortgage-backed securities, u.s. and non-u.s. government securities, obligations of u.s. states and municipalities, other abs and corporate debt securities. at december 31, 2018, the investment securities portfolio was $260.1 billion, and the average credit rating of the securities comprising the portfolio was aa+ (based upon external ratings where available and, where not available, based primarily upon internal ratings that correspond to ratings as defined by s&p and moody 2019s). refer to note 10 for further information on the firm 2019s investment securities portfolio. selected income statement and balance sheet data as of or for the year ended december 31, (in millions) 2018 2017 2016 investment securities gains/ (losses) $(395) $(78) $132 available-for-sale (201cafs 201d) investment securities (average) 203449 219345 226892 held-to-maturity (201chtm 201d) investment securities (average) 31747 47927 51358 investment securities portfolio (average) 235197 267272 278250 afs investment securities (period-end) 228681 200247 236670 htm investment securities (period-end) 31434 47733 50168 investment securities portfolio (period 2013end) 260115 247980 286838 as permitted by the new hedge accounting guidance, the firm elected to transfer certain investment securities from htm to afs in the first quarter of 2018. for additional information, refer to notes 1 and 10.. what was the amount of the afs investment securities in 2018? 228681.0 and what was it in 2017? 200247.0 what was, then, the combined total for the two years? 428928.0 including 2016, what then becomes this total?

665598.0

investment advisory revenues earned on the other investment portfolios that we manage decreased $44 million, or 8.5% (8.5%), to $477.8 million in 2009. average assets in these portfolios were $129.5 billion during 2009, down $12.6 billion or 9% (9%) from 2008. other investment portfolio assets under management increased $46.7 billion during 2009, including $36.5 billion in market gains and income and $10.2 billion of net inflows, primarily from institutional investors. net inflows include $1.3 billion transferred from the stock and blended asset mutual funds during 2009. administrative fees decreased $35 million, or 10% (10%), to $319 million in 2009. this change includes a $4 million decrease in 12b-1 distribution and service fees recognized on lower average assets under management in the advisor and r classes of our sponsored mutual funds and a $31 million reduction in our mutual fund servicing revenue, which is primarily attributable to our cost reduction efforts in the mutual fund and retirement plan servicing functions. changes in administrative fees are generally offset by similar changes in related operating expenses that are incurred to provide services to the funds and their investors. our largest expense, compensation and related costs, decreased $42 million, or 5% (5%), from 2008 to $773 million in 2009. the largest part of this decrease is attributable to a $19 million reduction in our annual bonus program. reductions in the use of outside contractors lowered 2009 costs $14 million with the remainder of the cost savings primarily attributable to the workforce reduction and lower employee benefits and other employment expenses. average headcount in 2009 was down 5.4% (5.4%) from 2008 due to attrition, retirements and our workforce reduction in april 2009. advertising and promotion expenditures were down $31 million, or 30% (30%), versus 2008 due to our decision to reduce spending in response to lower investor activity in the 2009 market environment. depreciation expense and other occupancy and facility costs together increased $4 million, or 2.5% (2.5%) compared to 2008, as we moderated or delayed our capital spending and facility growth plans. other operating expenses decreased $33 million, or 18% (18%) from 2008, including a decline of $4 million in distribution and service expenses recognized on lower average assets under management in our advisor and r classes of mutual fund shares that are sourced from financial intermediaries. our cost control efforts resulted in the remaining expense reductions, including lower professional fees and travel and related costs. our non-operating investment activity resulted in net losses of $12.7 million in 2009 and $52.3 million in 2008. the improvement of nearly $40 million is primarily attributable to a reduction in the other than temporary impairments recognized on our investments in sponsored mutual funds in 2009 versus 2008. the following table details our related mutual fund investment gains and losses (in millions) during the two years ended december 31, 2009.. - | 2008 | 2009 | change other than temporary impairments recognized | $-91.3 (91.3) | $-36.1 (36.1) | $55.2 capital gain distributions received | 5.6 | 2.0 | -3.6 (3.6) net gain (loss) realized on fund dispositions | -4.5 (4.5) | 7.4 | 11.9 net loss recognized on fund holdings | $-90.2 (90.2) | $-26.7 (26.7) | $63.5 lower income of $16 million from our money market holdings due to the significantly lower interest rate environment offset the improvement experienced with our fund investments. the 2009 provision for income taxes as a percentage of pretax income is 37.1% (37.1%), down from 38.4% (38.4%) in 2008. our 2009 provision includes reductions of prior years 2019 tax provisions and discrete nonrecurring benefits that lowered our 2009 effective tax rate by 1.0% (1.0%). c a p i t a l r e s o u r c e s a n d l i q u i d i t y. during 2010, stockholders 2019 equity increased from $2.9 billion to $3.3 billion. we repurchased nearly 5.0 million common shares for $240.0 million in 2010. tangible book value is $2.6 billion at december 31, 2010, and our cash and cash equivalents and our mutual fund investment holdings total more than $1.5 billion. given the availability of these financial resources, we do not maintain an available external source of liquidity. t. rowe price group annual report 2010. between the years of 2008 and 2009, what was the variation in the capital gain distributions? -2.7 and what is this variation as a percent of those distributions in 2008? -0.48214 and in the subsequent year of this period, in 2010, what was the average price for which the shares were repurchased?

48.0

sysco corporation a0- a0form a010-k 3 part a0i item a01 a0business we estimate that our sales by type of customer during the past three fiscal years were as follows:. type of customer | 2019 | 2018 | 2017 restaurants | 62% (62%) | 62% (62%) | 61% (61%) education government | 9 | 8 | 9 travel leisure retail | 9 | 8 | 9 healthcare | 8 | 9 | 9 other (1) | 12 | 13 | 12 totals | 100% (100%) | 100% (100%) | 100% (100%) (1) other includes cafeterias that are not stand-alone restaurants, bakeries, caterers, churches, civic and fraternal organizations, vending distributors, other distributors and international exports. none of these types of customers, as a group, exceeded 5% (5%) of total sales in any of the years for which information is presented. sources of supply we purchase from thousands of suppliers, both domestic and international, none of which individually accounts for more than 10% (10%) of our purchases. these suppliers consist generally of large corporations selling brand name and private label merchandise, as well as independent regional brand and private label processors and packers. we also provide specialty and seasonal products from small to mid-sized producers to meet a growing demand for locally sourced products. our locally sourced products, including produce, meats, cheese and other products, help differentiate our customers 2019 offerings, satisfy demands for new products, and support local communities. purchasing is generally carried out through both centrally developed purchasing programs, domestically and internationally, and direct purchasing programs established by our various operating companies. we administer a consolidated product procurement program designed to develop, obtain and ensure consistent quality food and non-food products. the program covers the purchasing and marketing of branded merchandise, as well as products from a number of national brand suppliers, encompassing substantially all product lines. some of our products are purchased internationally within global procurement centers in order to build strategic relationships with international suppliers and to optimize our supply chain network. sysco 2019s operating companies purchase product from the suppliers participating in these consolidated programs and from other suppliers, although sysco brand products are only available to the operating companies through these consolidated programs. we also focus on increasing profitability by lowering operating costs and by lowering aggregate inventory levels, which reduces future facility expansion needs at our broadline operating companies, while providing greater value to our suppliers and customers. working capital practices our growth is funded through a combination of cash flow from operations, commercial paper issuances and long-term borrowings. see the discussion in item 7 201cmanagement 2019s discussion and analysis of financial condition and results of operations - liquidity and capital resources 201d regarding our liquidity, financial position and sources and uses of funds. we extend credit terms to our customers that can vary from cash on delivery to 30 days or more based on our assessment of each customer 2019s credit worthiness. we monitor each customer 2019s account and will suspend shipments if necessary. a majority of our sales orders are filled within 24 hours of when customer orders are placed. we generally maintain inventory on hand to be able to meet customer demand. the level of inventory on hand will vary by product depending on shelf-life, supplier order fulfillment lead times and customer demand. we also make purchases of additional volumes of certain products based on supply or pricing opportunities. we take advantage of suppliers 2019 cash discounts where appropriate and otherwise generally receive payment terms from our suppliers ranging from weekly to 45 days or more. corporate headquarters and shared services center our corporate staff makes available a number of services to our operating companies and our shared services center performs support services for employees, suppliers and customers. members of these groups possess experience and expertise in, among other areas, customer and vendor contract administration, accounting and finance, treasury, legal, information technology, payroll and employee benefits, risk management and insurance, sales and marketing, merchandising, inbound logistics, human resources, strategy and tax compliance services. the corporate office also makes available supply chain expertise, such as in warehousing and distribution services, which provide assistance in operational best practices, including space utilization, energy conservation, fleet management and work flow.. what was the percentage of sales to restaurants in 2018? 0.62 what was it in the previous year, 2017?

0.61

part ii item 5. market for registrant 2019s common equity, related stockholder matters and issuer purchases of equity securities the following table presents reported quarterly high and low per share sale prices of our common stock on the new york stock exchange (201cnyse 201d) for the years 2008 and 2007.. 2008 | high | low quarter ended march 31 | $42.72 | $32.10 quarter ended june 30 | 46.10 | 38.53 quarter ended september 30 | 43.43 | 31.89 quarter ended december 31 | 37.28 | 19.35 2007 | high | low quarter ended march 31 | $41.31 | $36.63 quarter ended june 30 | 43.84 | 37.64 quarter ended september 30 | 45.45 | 36.34 quarter ended december 31 | 46.53 | 40.08 on february 13, 2009, the closing price of our common stock was $28.85 per share as reported on the nyse. as of february 13, 2009, we had 397097677 outstanding shares of common stock and 499 registered holders. dividends we have never paid a dividend on our common stock. we anticipate that we may retain future earnings, if any, to fund the development and growth of our business. the indentures governing our 7.50% (7.50%) senior notes due 2012 (201c7.50% (201c7.50%) notes 201d) and our 7.125% (7.125%) senior notes due 2012 (201c7.125% (201c7.125%) notes 201d) may prohibit us from paying dividends to our stockholders unless we satisfy certain financial covenants. the loan agreement for our revolving credit facility and term loan, and the indentures governing the terms of our 7.50% (7.50%) notes and 7.125% (7.125%) notes contain covenants that restrict our ability to pay dividends unless certain financial covenants are satisfied. in addition, while spectrasite and its subsidiaries are classified as unrestricted subsidiaries under the indentures for our 7.50% (7.50%) notes and 7.125% (7.125%) notes, certain of spectrasite 2019s subsidiaries are subject to restrictions on the amount of cash that they can distribute to us under the loan agreement related to our securitization transaction. for more information about the restrictions under the loan agreement for the revolving credit facility and term loan, our notes indentures and the loan agreement related to our securitization transaction, see 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 2014factors affecting sources of liquidity 201d and note 6 to our consolidated financial statements included in this annual report.. as of february 13, 2009, what was the average number of outstanding shares of common stock per registered holder? 795786.92786 and what was the full value of those shares?

13764217.57366

results of operations operating revenues millions 2014 2013 2012% (%) change 2014 v 2013% (%) change 2013 v 2012. millions | 2014 | 2013 | 2012 |% (%) change 2014 v 2013 |% (%) change 2013 v 2012 freight revenues | $22560 | $20684 | $19686 | 9% (9%) | 5% (5%) other revenues | 1428 | 1279 | 1240 | 12% (12%) | 3% (3%) total | $23988 | $21963 | $20926 | 9% (9%) | 5% (5%) we generate freight revenues by transporting freight or other materials from our six commodity groups. freight revenues vary with volume (carloads) and average revenue per car (arc). changes in price, traffic mix and fuel surcharges drive arc. we provide some of our customers with contractual incentives for meeting or exceeding specified cumulative volumes or shipping to and from specific locations, which we record as reductions to freight revenues based on the actual or projected future shipments. we recognize freight revenues as shipments move from origin to destination. we allocate freight revenues between reporting periods based on the relative transit time in each reporting period and recognize expenses as we incur them. other revenues include revenues earned by our subsidiaries, revenues from our commuter rail operations, and accessorial revenues, which we earn when customers retain equipment owned or controlled by us or when we perform additional services such as switching or storage. we recognize other revenues as we perform services or meet contractual obligations. freight revenues from all six commodity groups increased during 2014 compared to 2013 driven by 7% (7%) volume growth and core pricing gains of 2.5% (2.5%). volume growth from grain, frac sand, rock, and intermodal (domestic and international) shipments offset declines in crude oil. freight revenues from five of our six commodity groups increased during 2013 compared to 2012. revenue from agricultural products was down slightly compared to 2012. arc increased 5% (5%), driven by core pricing gains, shifts in business mix and an automotive logistics management arrangement. volume essentially was flat year over year as growth in automotive, frac sand, crude oil and domestic intermodal offset declines in coal, international intermodal and grain shipments. our fuel surcharge programs generated freight revenues of $2.8 billion, $2.6 billion, and $2.6 billion in 2014, 2013, and 2012, respectively. fuel surcharge in 2014 increased 6% (6%) driven by our 7% (7%) carloadings increase. fuel surcharge in 2013 essentially was flat versus 2012 as lower fuel price offset improved fuel recovery provisions and the lag effect of our programs (surcharges trail fluctuations in fuel price by approximately two months). in 2014, other revenue increased from 2013 due to higher revenues at our subsidiaries, primarily those that broker intermodal and automotive services, accessorial revenue driven by increased volume and per diem revenue for container usage (previously included in automotive freight revenue). in 2013, other revenue increased from 2012 due primarily to miscellaneous contract revenue and higher revenues at our subsidiaries that broker intermodal and automotive services.. what was the fuel surcharge program freight revenue in 2014?

2.8

entergy corporation and subsidiaries management's financial discussion and analysis the decrease in interest income in 2002 was primarily due to: fffd interest recognized in 2001 on grand gulf 1's decommissioning trust funds resulting from the final order addressing system energy's rate proceeding; fffd interest recognized in 2001 at entergy mississippi and entergy new orleans on the deferred system energy costs that were not being recovered through rates; and fffd lower interest earned on declining deferred fuel balances. the decrease in interest charges in 2002 is primarily due to: fffd a decrease of $31.9 million in interest on long-term debt primarily due to the retirement of long-term debt in late 2001 and early 2002; and fffd a decrease of $76.0 million in other interest expense primarily due to interest recorded on system energy's reserve for rate refund in 2001. the refund was made in december 2001. 2001 compared to 2000 results for the year ended december 31, 2001 for u.s. utility were also affected by an increase in interest charges of $61.5 million primarily due to: fffd the final ferc order addressing the 1995 system energy rate filing; fffd debt issued at entergy arkansas in july 2001, at entergy gulf states in june 2000 and august 2001, at entergy mississippi in january 2001, and at entergy new orleans in july 2000 and february 2001; and fffd borrowings under credit facilities during 2001, primarily at entergy arkansas. non-utility nuclear the increase in earnings in 2002 for non-utility nuclear from $128 million to $201 million was primarily due to the operation of indian point 2 and vermont yankee, which were purchased in september 2001 and july 2002, respectively. the increase in earnings in 2001 for non-utility nuclear from $49 million to $128 million was primarily due to the operation of fitzpatrick and indian point 3 for a full year, as each was purchased in november 2000, and the operation of indian point 2, which was purchased in september 2001. following are key performance measures for non-utility nuclear:. - | 2002 | 2001 | 2000 net mw in operation at december 31 | 3955 | 3445 | 2475 generation in gwh for the year | 29953 | 22614 | 7171 capacity factor for the year | 93% (93%) | 93% (93%) | 94% (94%) 2002 compared to 2001 the following fluctuations in the results of operations for non-utility nuclear in 2002 were primarily caused by the acquisitions of indian point 2 and vermont yankee (except as otherwise noted): fffd operating revenues increased $411.0 million to $1.2 billion; fffd other operation and maintenance expenses increased $201.8 million to $596.3 million; fffd depreciation and amortization expenses increased $25.1 million to $42.8 million; fffd fuel expenses increased $29.4 million to $105.2 million; fffd nuclear refueling outage expenses increased $23.9 million to $46.8 million, which was due primarily to a. what is the value of earning for non-utility nuclear in 2002? 201.0 what is the 2001 value? 128.0 what is the net change? 73.0 what is the 2001 value? 128.0 what is the net change divided by the 2001 value?

0.57031

the future minimum lease commitments under these leases at december 31, 2010 are as follows (in thousands): years ending december 31:. 2011 | $62465 2012 | 54236 2013 | 47860 2014 | 37660 2015 | 28622 thereafter | 79800 future minimum lease payments | $310643 rental expense for operating leases was approximately $66.9 million, $57.2 million and $49.0 million during the years ended december 31, 2010, 2009 and 2008, respectively. in connection with the acquisitions of several businesses, we entered into agreements with several sellers of those businesses, some of whom became stockholders as a result of those acquisitions, for the lease of certain properties used in our operations. typical lease terms under these agreements include an initial term of five years, with three to five five-year renewal options and purchase options at various times throughout the lease periods. we also maintain the right of first refusal concerning the sale of the leased property. lease payments to an employee who became an officer of the company after the acquisition of his business were approximately $1.0 million, $0.9 million and $0.9 million during each of the years ended december 31, 2010, 2009 and 2008, respectively. we guarantee the residual values of the majority of our truck and equipment operating leases. the residual values decline over the lease terms to a defined percentage of original cost. in the event the lessor does not realize the residual value when a piece of equipment is sold, we would be responsible for a portion of the shortfall. similarly, if the lessor realizes more than the residual value when a piece of equipment is sold, we would be paid the amount realized over the residual value. had we terminated all of our operating leases subject to these guarantees at december 31, 2010, the guaranteed residual value would have totaled approximately $31.4 million. we have not recorded a liability for the guaranteed residual value of equipment under operating leases as the recovery on disposition of the equipment under the leases is expected to approximate the guaranteed residual value. litigation and related contingencies in december 2005 and may 2008, ford global technologies, llc filed complaints with the international trade commission against us and others alleging that certain aftermarket parts imported into the u.s. infringed on ford design patents. the parties settled these matters in april 2009 pursuant to a settlement arrangement that expires in september 2011. pursuant to the settlement, we (and our designees) became the sole distributor in the u.s. of aftermarket automotive parts that correspond to ford collision parts that are covered by a u.s. design patent. we have paid ford an upfront fee for these rights and will pay a royalty for each such part we sell. the amortization of the upfront fee and the royalty expenses are reflected in cost of goods sold on the accompanying consolidated statements of income. we also have certain other contingencies resulting from litigation, claims and other commitments and are subject to a variety of environmental and pollution control laws and regulations incident to the ordinary course of business. we currently expect that the resolution of such contingencies will not materially affect our financial position, results of operations or cash flows.. what is the net change in rental expense for operating leases from 2009 to 2010?

9.7

table of contents notes to consolidated financial statements of american airlines group inc. information generated by market transactions involving comparable assets, as well as pricing guides and other sources. the current market for the aircraft, the maintenance condition of the aircraft and the expected proceeds from the sale of the assets, among other factors, were considered. the market approach was utilized to value certain intangible assets such as airport take off and landing slots when sufficient market information was available. the income approach was primarily used to value intangible assets, including customer relationships, marketing agreements, certain international route authorities, and the us airways tradename. the income approach indicates value for a subject asset based on the present value of cash flows projected to be generated by the asset. projected cash flows are discounted at a required market rate of return that reflects the relative risk of achieving the cash flows and the time value of money. the cost approach, which estimates value by determining the current cost of replacing an asset with another of equivalent economic utility, was used, as appropriate, for certain assets for which the market and income approaches could not be applied due to the nature of the asset. the cost to replace a given asset reflects the estimated reproduction or replacement cost for the asset, less an allowance for loss in value due to depreciation. the fair value of us airways 2019 dividend miles loyalty program liability was determined based on the weighted average equivalent ticket value of outstanding miles which were expected to be redeemed for future travel at december 9, 2013. the weighted average equivalent ticket value contemplates differing classes of service, domestic and international itineraries and the carrier providing the award travel. pro-forma impact of the merger the company 2019s unaudited pro-forma results presented below include the effects of the merger as if it had been consummated as of january 1, 2012. the pro-forma results include the depreciation and amortization associated with the acquired tangible and intangible assets, lease and debt fair value adjustments, the elimination of any deferred gains or losses, adjustments relating to reflecting the fair value of the loyalty program liability and the impact of income changes on profit sharing expense, among others. in addition, the pro-forma results below reflect the impact of higher wage rates related to memorandums of understanding with us airways 2019 pilots that became effective upon closing of the merger, as well as the elimination of the company 2019s reorganization items, net and merger transition costs. however, the pro-forma results do not include any anticipated synergies or other expected benefits of the merger. accordingly, the unaudited pro-forma financial information below is not necessarily indicative of either future results of operations or results that might have been achieved had the acquisition been consummated as of january 1, 2012. december 31, (in millions). - | december 31 2013 (in millions) revenue | $40678 net income | 2526 5. basis of presentation and summary of significant accounting policies (a) basis of presentation the consolidated financial statements for the full years of 2015 and 2014 and the period from december 9, 2013 to december 31, 2013 include the accounts of the company and its wholly-owned subsidiaries. for the periods prior to december 9, 2013, the consolidated financial statements do not include the accounts of us airways group. all significant intercompany transactions have been eliminated. the preparation of financial statements in accordance with accounting principles generally accepted in the united states (gaap) requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and the disclosure of contingent assets and liabilities at the date of the financial statements. actual results could differ from those estimates. the most significant areas. what was revenue in 2013? 40678.0 what was net income? 2526.0 what is revenue less net income?

38152.0

part ii item 5. market for registrant 2019s common equity, related stockholder matters and issuer purchases of equity securities the following table presents reported quarterly high and low per share sale prices of our common stock on the new york stock exchange (201cnyse 201d) for the years 2008 and 2007.. 2008 | high | low quarter ended march 31 | $42.72 | $32.10 quarter ended june 30 | 46.10 | 38.53 quarter ended september 30 | 43.43 | 31.89 quarter ended december 31 | 37.28 | 19.35 2007 | high | low quarter ended march 31 | $41.31 | $36.63 quarter ended june 30 | 43.84 | 37.64 quarter ended september 30 | 45.45 | 36.34 quarter ended december 31 | 46.53 | 40.08 on february 13, 2009, the closing price of our common stock was $28.85 per share as reported on the nyse. as of february 13, 2009, we had 397097677 outstanding shares of common stock and 499 registered holders. dividends we have never paid a dividend on our common stock. we anticipate that we may retain future earnings, if any, to fund the development and growth of our business. the indentures governing our 7.50% (7.50%) senior notes due 2012 (201c7.50% (201c7.50%) notes 201d) and our 7.125% (7.125%) senior notes due 2012 (201c7.125% (201c7.125%) notes 201d) may prohibit us from paying dividends to our stockholders unless we satisfy certain financial covenants. the loan agreement for our revolving credit facility and term loan, and the indentures governing the terms of our 7.50% (7.50%) notes and 7.125% (7.125%) notes contain covenants that restrict our ability to pay dividends unless certain financial covenants are satisfied. in addition, while spectrasite and its subsidiaries are classified as unrestricted subsidiaries under the indentures for our 7.50% (7.50%) notes and 7.125% (7.125%) notes, certain of spectrasite 2019s subsidiaries are subject to restrictions on the amount of cash that they can distribute to us under the loan agreement related to our securitization transaction. for more information about the restrictions under the loan agreement for the revolving credit facility and term loan, our notes indentures and the loan agreement related to our securitization transaction, see 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 2014factors affecting sources of liquidity 201d and note 6 to our consolidated financial statements included in this annual report.. what was the highest price of the company's share price for the quarter ended march 31, 2008?

42.72

entergy corporation and subsidiaries notes to financial statements (a) consists of pollution control revenue bonds and environmental revenue bonds, some of which are secured by collateral first mortgage bonds. (b) these notes do not have a stated interest rate, but have an implicit interest rate of 4.8% (4.8%). (c) pursuant to the nuclear waste policy act of 1982, entergy 2019s nuclear owner/licensee subsidiaries have contracts with the doe for spent nuclear fuel disposal service. the contracts include a one-time fee for generation prior to april 7, 1983. entergy arkansas is the only entergy company that generated electric power with nuclear fuel prior to that date and includes the one-time fee, plus accrued interest, in long-term (d) see note 10 to the financial statements for further discussion of the waterford 3 and grand gulf lease obligations. (e) the fair value excludes lease obligations of $149 million at entergy louisiana and $97 million at system energy, long-term doe obligations of $181 million at entergy arkansas, and the note payable to nypa of $95 million at entergy, and includes debt due within one year. fair values are classified as level 2 in the fair value hierarchy discussed in note 16 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades. the annual long-term debt maturities (excluding lease obligations and long-term doe obligations) for debt outstanding as of december 31, 2013, for the next five years are as follows: amount (in thousands). - | amount (in thousands) 2014 | $385373 2015 | $1110566 2016 | $270852 2017 | $766801 2018 | $1324616 in november 2000, entergy 2019s non-utility nuclear business purchased the fitzpatrick and indian point 3 power plants in a seller-financed transaction. entergy issued notes to nypa with seven annual installments of approximately $108 million commencing one year from the date of the closing, and eight annual installments of $20 million commencing eight years from the date of the closing. these notes do not have a stated interest rate, but have an implicit interest rate of 4.8% (4.8%). in accordance with the purchase agreement with nypa, the purchase of indian point 2 in 2001 resulted in entergy becoming liable to nypa for an additional $10 million per year for 10 years, beginning in september 2003. this liability was recorded upon the purchase of indian point 2 in september 2001. in july 2003 a payment of $102 million was made prior to maturity on the note payable to nypa. under a provision in a letter of credit supporting these notes, if certain of the utility operating companies or system energy were to default on other indebtedness, entergy could be required to post collateral to support the letter of credit. entergy gulf states louisiana, entergy louisiana, entergy mississippi, entergy texas, and system energy have obtained long-term financing authorizations from the ferc that extend through october 2015. entergy arkansas has obtained long-term financing authorization from the apsc that extends through december 2015. entergy new orleans has obtained long-term financing authorization from the city council that extends through july 2014. capital funds agreement pursuant to an agreement with certain creditors, entergy corporation has agreed to supply system energy with sufficient capital to: 2022 maintain system energy 2019s equity capital at a minimum of 35% (35%) of its total capitalization (excluding short- term debt);. what is the amount of long-term debt due in 2014? 385373.0 what is the amount due in 2015?

1110566.0

entergy texas, inc. and subsidiaries management 2019s financial discussion and analysis results of operations net income 2016 compared to 2015 net income increased $37.9 million primarily due to lower other operation and maintenance expenses, the asset write-off of its receivable associated with the spindletop gas storage facility in 2015, and higher net revenue. 2015 compared to 2014 net income decreased $5.2 million primarily due to the asset write-off of its receivable associated with the spindletop gas storage facility and higher other operation and maintenance expenses, partially offset by higher net revenue and a lower effective tax rate. net revenue 2016 compared to 2015 net revenue consists of operating revenues net of: 1) fuel, fuel-related expenses, and gas purchased for resale, 2) purchased power expenses, and 3) other regulatory charges. following is an analysis of the change in net revenue comparing 2016 to 2015. amount (in millions). - | amount (in millions) 2015 net revenue | $637.2 reserve equalization | 14.3 purchased power capacity | 12.4 transmission revenue | 7.0 retail electric price | 5.4 net wholesale | -27.8 (27.8) other | -4.3 (4.3) 2016 net revenue | $644.2 the reserve equalization variance is primarily due to a reduction in reserve equalization expense primarily due to changes in the entergy system generation mix compared to the same period in 2015 as a result of the execution of a new purchased power agreement and entergy mississippi 2019s exit from the system agreement, each in november 2015, and entergy texas 2019s exit from the system agreement in august 2016. see note 2 to the financial statements for a discussion of the system agreement. the purchased power capacity variance is primarily due to decreased expenses due to the termination of the purchased power agreements between entergy louisiana and entergy texas in august 2016, as well as capacity cost changes for ongoing purchased power capacity contracts. the transmission revenue variance is primarily due to an increase in attachment o rates charged by miso to transmission customers and a settlement of attachment o rates previously billed to transmission customers by miso.. what was the total value of both the reserve equalization and the purchased power capacity as a change in net revenue from 2015 to 2016, in millions? 26.7 including the transmission revenue, what then becomes that total value?

33.7

the analysis of our depreciation studies. changes in the estimated service lives of our assets and their related depreciation rates are implemented prospectively. under group depreciation, the historical cost (net of salvage) of depreciable property that is retired or replaced in the ordinary course of business is charged to accumulated depreciation and no gain or loss is recognized. the historical cost of certain track assets is estimated using (i) inflation indices published by the bureau of labor statistics and (ii) the estimated useful lives of the assets as determined by our depreciation studies. the indices were selected because they closely correlate with the major costs of the properties comprising the applicable track asset classes. because of the number of estimates inherent in the depreciation and retirement processes and because it is impossible to precisely estimate each of these variables until a group of property is completely retired, we continually monitor the estimated service lives of our assets and the accumulated depreciation associated with each asset class to ensure our depreciation rates are appropriate. in addition, we determine if the recorded amount of accumulated depreciation is deficient (or in excess) of the amount indicated by our depreciation studies. any deficiency (or excess) is amortized as a component of depreciation expense over the remaining service lives of the applicable classes of assets. for retirements of depreciable railroad properties that do not occur in the normal course of business, a gain or loss may be recognized if the retirement meets each of the following three conditions: (i) is unusual, (ii) is material in amount, and (iii) varies significantly from the retirement profile identified through our depreciation studies. a gain or loss is recognized in other income when we sell land or dispose of assets that are not part of our railroad operations. when we purchase an asset, we capitalize all costs necessary to make the asset ready for its intended use. however, many of our assets are self-constructed. a large portion of our capital expenditures is for replacement of existing track assets and other road properties, which is typically performed by our employees, and for track line expansion and other capacity projects. costs that are directly attributable to capital projects (including overhead costs) are capitalized. direct costs that are capitalized as part of self- constructed assets include material, labor, and work equipment. indirect costs are capitalized if they clearly relate to the construction of the asset. general and administrative expenditures are expensed as incurred. normal repairs and maintenance are also expensed as incurred, while costs incurred that extend the useful life of an asset, improve the safety of our operations or improve operating efficiency are capitalized. these costs are allocated using appropriate statistical bases. total expense for repairs and maintenance incurred was $2.4 billion for 2014, $2.3 billion for 2013, and $2.1 billion for 2012. assets held under capital leases are recorded at the lower of the net present value of the minimum lease payments or the fair value of the leased asset at the inception of the lease. amortization expense is computed using the straight-line method over the shorter of the estimated useful lives of the assets or the period of the related lease. 13. accounts payable and other current liabilities dec. 31, dec. 31, millions 2014 2013. millions | dec. 31 2014 | dec. 312013 accounts payable | $877 | $803 dividends payable | 438 | 356 income and other taxes payable | 412 | 491 accrued wages and vacation | 409 | 385 accrued casualty costs | 249 | 207 interest payable | 178 | 169 equipment rents payable | 100 | 96 other | 640 | 579 total accounts payable and othercurrent liabilities | $3303 | $3086 . what is the balance of total accounts payable and other current liabilities in 2014? 3303.0 what about in 2013? 3086.0 what is the net change?

217.0

entergy corporation and subsidiaries notes to financial statements (a) consists of pollution control revenue bonds and environmental revenue bonds, some of which are secured by collateral first mortgage bonds. (b) these notes do not have a stated interest rate, but have an implicit interest rate of 4.8% (4.8%). (c) pursuant to the nuclear waste policy act of 1982, entergy 2019s nuclear owner/licensee subsidiaries have contracts with the doe for spent nuclear fuel disposal service. the contracts include a one-time fee for generation prior to april 7, 1983. entergy arkansas is the only entergy company that generated electric power with nuclear fuel prior to that date and includes the one-time fee, plus accrued interest, in long-term debt. (d) see note 10 to the financial statements for further discussion of the waterford 3 and grand gulf lease obligations. (e) the fair value excludes lease obligations of $109 million at entergy louisiana and $34 million at system energy, long-term doe obligations of $181 million at entergy arkansas, and the note payable to nypa of $35 million at entergy, and includes debt due within one year. fair values are classified as level 2 in the fair value hierarchy discussed in note 16 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades. the annual long-term debt maturities (excluding lease obligations and long-term doe obligations) for debt outstanding as of december 31, 2015, for the next five years are as follows: amount (in thousands). - | amount (in thousands) 2016 | $204079 2017 | $766451 2018 | $822690 2019 | $768588 2020 | $1631181 in november 2000, entergy 2019s non-utility nuclear business purchased the fitzpatrick and indian point 3 power plants in a seller-financed transaction. entergy issued notes to nypa with seven annual installments of approximately $108 million commencing one year from the date of the closing, and eight annual installments of $20 million commencing eight years from the date of the closing. these notes do not have a stated interest rate, but have an implicit interest rate of 4.8% (4.8%). in accordance with the purchase agreement with nypa, the purchase of indian point 2 in 2001 resulted in entergy becoming liable to nypa for an additional $10 million per year for 10 years, beginning in september 2003. this liability was recorded upon the purchase of indian point 2 in september 2001. as part of the purchase agreement with nypa, entergy recorded a liability representing the net present value of the payments entergy would be liable to nypa for each year that the fitzpatrick and indian point 3 power plants would run beyond their respective original nrc license expiration date. with the planned shutdown of fitzpatrick at the end of its current fuel cycle, entergy reduced this liability by $26.4 million in 2015 pursuant to the terms of the purchase agreement. under a provision in a letter of credit supporting these notes, if certain of the utility operating companies or system energy were to default on other indebtedness, entergy could be required to post collateral to support the letter of credit. entergy louisiana, entergy mississippi, entergy texas, and system energy have obtained long-term financing authorizations from the ferc that extend through october 2017. entergy arkansas has obtained long-term financing authorization from the apsc that extends through december 2018. entergy new orleans has obtained long-term financing authorization from the city council that extends through july 2016. capital funds agreement pursuant to an agreement with certain creditors, entergy corporation has agreed to supply system energy with sufficient capital to:. what was the amount of long-term debt maturities in 2018? 822690.0 and in 2019?

768588.0

notes to consolidated financial statements 2013 (continued) (amounts in millions, except per share amounts) cash flows for 2010, we expect to contribute $25.2 and $9.2 to our foreign pension plans and domestic pension plans, respectively. a significant portion of our contributions to the foreign pension plans relate to the u.k. pension plan. additionally, we are in the process of modifying the schedule of employer contributions for the u.k. pension plan and we expect to finalize this during 2010. as a result, we expect our contributions to our foreign pension plans to increase from current levels in 2010 and subsequent years. during 2009, we contributed $31.9 to our foreign pension plans and contributions to the domestic pension plan were negligible. the following estimated future benefit payments, which reflect future service, as appropriate, are expected to be paid in the years indicated below. domestic pension plans foreign pension plans postretirement benefit plans. years | domestic pension plans | foreign pension plans | postretirement benefit plans 2010 | $17.2 | $23.5 | $5.8 2011 | 11.1 | 24.7 | 5.7 2012 | 10.8 | 26.4 | 5.7 2013 | 10.5 | 28.2 | 5.6 2014 | 10.5 | 32.4 | 5.5 2015 2013 2019 | 48.5 | 175.3 | 24.8 the estimated future payments for our postretirement benefit plans are before any estimated federal subsidies expected to be received under the medicare prescription drug, improvement and modernization act of 2003. federal subsidies are estimated to range from $0.5 in 2010 to $0.6 in 2014 and are estimated to be $2.4 for the period 2015-2019. savings plans we sponsor defined contribution plans (the 201csavings plans 201d) that cover substantially all domestic employees. the savings plans permit participants to make contributions on a pre-tax and/or after-tax basis and allows participants to choose among various investment alternatives. we match a portion of participant contributions based upon their years of service. amounts expensed for the savings plans for 2009, 2008 and 2007 were $35.1, $29.6 and $31.4, respectively. expense includes a discretionary company contribution of $3.8, $4.0 and $4.9 offset by participant forfeitures of $2.7, $7.8, $6.0 in 2009, 2008 and 2007, respectively. in addition, we maintain defined contribution plans in various foreign countries and contributed $25.0, $28.7 and $26.7 to these plans in 2009, 2008 and 2007, respectively. deferred compensation and benefit arrangements we have deferred compensation arrangements which (i) permit certain of our key officers and employees to defer a portion of their salary or incentive compensation, or (ii) require us to contribute an amount to the participant 2019s account. the arrangements typically provide that the participant will receive the amounts deferred plus interest upon attaining certain conditions, such as completing a certain number of years of service or upon retirement or termination. as of december 31, 2009 and 2008, the deferred compensation liability balance was $100.3 and $107.6, respectively. amounts expensed for deferred compensation arrangements in 2009, 2008 and 2007 were $11.6, $5.7 and $11.9, respectively. we have deferred benefit arrangements with certain key officers and employees that provide participants with an annual payment, payable when the participant attains a certain age and after the participant 2019s employment has terminated. the deferred benefit liability was $178.2 and $182.1 as of december 31, 2009 and 2008, respectively. amounts expensed for deferred benefit arrangements in 2009, 2008 and 2007 were $12.0, $14.9 and $15.5, respectively. we have purchased life insurance policies on participants 2019 lives to assist in the funding of the related deferred compensation and deferred benefit liabilities. as of december 31, 2009 and 2008, the cash surrender value of these policies was $119.4 and $100.2, respectively. in addition to the life insurance policies, certain investments are held for the purpose of paying the deferred compensation and deferred benefit liabilities. these investments, along with the life insurance policies, are held in a separate revocable trust for the purpose of paying the deferred compensation and the deferred benefit. how much was contributed to defined contribution plans for foreign countries in 2008? 28.7 how much was contributed in 2007? 26.7 what is the difference? 2.0 what was the 2007 value? 26.7 what is the difference over the 2007 value?

0.07491

used to refinance certain indebtedness which matured in the fourth quarter of 2014. interest is payable semi-annually in arrears on march 18 and september 18 of each year, or approximately $35 million per year. the 2024 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price. the unamortized discount and debt issuance costs are being amortized over the remaining term of the 2024 notes. 2022 notes. in may 2012, the company issued $1.5 billion in aggregate principal amount of unsecured unsubordinated obligations. these notes were issued as two separate series of senior debt securities, including $750 million of 1.375% (1.375%) notes, which were repaid in june 2015 at maturity, and $750 million of 3.375% (3.375%) notes maturing in june 2022 (the 201c2022 notes 201d). net proceeds were used to fund the repurchase of blackrock 2019s common stock and series b preferred from barclays and affiliates and for general corporate purposes. interest on the 2022 notes of approximately $25 million per year is payable semi-annually on june 1 and december 1 of each year. the 2022 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price. the 201cmake-whole 201d redemption price represents a price, subject to the specific terms of the 2022 notes and related indenture, that is the greater of (a) par value and (b) the present value of future payments that will not be paid because of an early redemption, which is discounted at a fixed spread over a comparable treasury security. the unamortized discount and debt issuance costs are being amortized over the remaining term of the 2022 notes. 2021 notes. in may 2011, the company issued $1.5 billion in aggregate principal amount of unsecured unsubordinated obligations. these notes were issued as two separate series of senior debt securities, including $750 million of 4.25% (4.25%) notes maturing in may 2021 and $750 million of floating rate notes, which were repaid in may 2013 at maturity. net proceeds of this offering were used to fund the repurchase of blackrock 2019s series b preferred from affiliates of merrill lynch & co., inc. interest on the 4.25% (4.25%) notes due in 2021 (201c2021 notes 201d) is payable semi-annually on may 24 and november 24 of each year, and is approximately $32 million per year. the 2021 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price. the unamortized discount and debt issuance costs are being amortized over the remaining term of the 2021 notes. 2019 notes. in december 2009, the company issued $2.5 billion in aggregate principal amount of unsecured and unsubordinated obligations. these notes were issued as three separate series of senior debt securities including $0.5 billion of 2.25% (2.25%) notes, which were repaid in december 2012, $1.0 billion of 3.50% (3.50%) notes, which were repaid in december 2014 at maturity, and $1.0 billion of 5.0% (5.0%) notes maturing in december 2019 (the 201c2019 notes 201d). net proceeds of this offering were used to repay borrowings under the cp program, which was used to finance a portion of the acquisition of barclays global investors from barclays on december 1, 2009, and for general corporate purposes. interest on the 2019 notes of approximately $50 million per year is payable semi-annually in arrears on june 10 and december 10 of each year. these notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price. the unamortized discount and debt issuance costs are being amortized over the remaining term of the 2019 notes. 13. commitments and contingencies operating lease commitments the company leases its primary office spaces under agreements that expire through 2043. future minimum commitments under these operating leases are as follows: (in millions). year | amount 2018 | 141 2019 | 132 2020 | 126 2021 | 118 2022 | 109 thereafter | 1580 total | $2206 in may 2017, the company entered into an agreement with 50 hymc owner llc, for the lease of approximately 847000 square feet of office space located at 50 hudson yards, new york, new york. the term of the lease is twenty years from the date that rental payments begin, expected to occur in may 2023, with the option to renew for a specified term. the lease requires annual base rental payments of approximately $51 million per year during the first five years of the lease term, increasing every five years to $58 million, $66 million and $74 million per year (or approximately $1.2 billion in base rent over its twenty-year term). this lease is classified as an operating lease and, as such, is not recorded as a liability on the consolidated statements of financial condition. rent expense and certain office equipment expense under lease agreements amounted to $132 million, $134 million and $136 million in 2017, 2016 and 2015, respectively. investment commitments. at december 31, 2017, the company had $298 million of various capital commitments to fund sponsored investment funds, including consolidated vies. these funds include private equity funds, real assets funds, and opportunistic funds. this amount excludes additional commitments made by consolidated funds of funds to underlying third-party funds as third-party noncontrolling interest holders have the legal obligation to fund the respective commitments of such funds of funds. generally, the timing of the funding of these commitments is unknown and the commitments are callable on demand at any time prior to the expiration of the commitment. these unfunded commitments are not recorded on the consolidated statements of financial condition. these commitments do not include potential future commitments approved by the company that are not yet legally binding. the company intends to make additional capital commitments from time to time to fund additional investment products for, and with, its clients. contingencies contingent payments related to business acquisitions. in connection with certain acquisitions, blackrock is required to make contingent payments, subject to achieving specified performance targets, which may include revenue related to acquired contracts or new capital commitments for certain products. the fair value of the remaining aggregate contingent payments at december 31, 2017 totaled $236 million, including $128 million related to the first reserve transaction, and is included in other liabilities on the consolidated statements of financial condition.. what was the difference in rent payment after 10 years compared to after five years?

8.0

28 2014 annual report performance graph the following chart presents a comparison for the five-year period ended june 30, 2014, of the market performance of the company 2019s common stock with the s & p 500 index and an index of peer companies selected by the company: comparison of 5 year cumulative total return among jack henry & associates, inc., the s&p 500 index, and a peer group the following information depicts a line graph with the following values:. - | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 jkhy | 100.00 | 116.85 | 148.92 | 173.67 | 240.25 | 307.57 old peer group | 100.00 | 112.45 | 150.77 | 176.12 | 220.42 | 275.73 new peer group | 100.00 | 115.50 | 159.31 | 171.86 | 198.72 | 273.95 s & p 500 | 100.00 | 114.43 | 149.55 | 157.70 | 190.18 | 236.98 this comparison assumes $100 was invested on june 30, 2009, and assumes reinvestments of dividends. total returns are calculated according to market capitalization of peer group members at the beginning of each period. peer companies selected are in the business of providing specialized computer software, hardware and related services to financial institutions and other businesses. in fiscal 2014, we changed our peer group of companies used for this analysis to maintain alignment with peer companies selected by our compensation committee for use in determining compensation for executive management. companies in the new peer group are aci worldwide, inc., bottomline technology, inc., broadridge financial solutions, cardtronics, inc., convergys corp., corelogic, inc., dst systems, inc., euronet worldwide, inc., fair isaac corp., fidelity national information services, inc., fiserv, inc., global payments, inc., heartland payment systems, inc., micros systems, inc., moneygram international, inc., ss&c technologies holdings, inc., total systems services, inc., tyler technologies, inc., verifone systems, inc., and wex, inc.. companies in the old peer group are aci worldwide, inc., bottomline technology, inc., cerner corp., dst systems, inc., euronet worldwide, inc., fair isaac corp., fidelity national information services, inc., fiserv, inc., sei investments company, telecommunications systems, inc., and tyler technologies corp.. what was the annual performance of the jkhy stock in 2010?

116.85

as of december 31, 2017, the company had gross state income tax credit carry-forwards of approximately $20 million, which expire from 2018 through 2020. a deferred tax asset of approximately $16 million (net of federal benefit) has been established related to these state income tax credit carry-forwards, with a valuation allowance of $7 million against such deferred tax asset as of december 31, 2017. the company had a gross state net operating loss carry-forward of $39 million, which expires in 2027. a deferred tax asset of approximately $3 million (net of federal benefit) has been established for the net operating loss carry-forward, with a full valuation allowance as of december 31, 2017. other state and foreign net operating loss carry-forwards are separately and cumulatively immaterial to the company 2019s deferred tax balances and expire between 2026 and 2036. 14. debt long-term debt consisted of the following:. ($in millions) | december 31 2017 | december 31 2016 senior notes due december 15 2021 5.000% (5.000%) | 2014 | 600 senior notes due november 15 2025 5.000% (5.000%) | 600 | 600 senior notes due december 1 2027 3.483% (3.483%) | 600 | 2014 mississippi economic development revenue bonds due may 1 2024 7.81% (7.81%) | 84 | 84 gulf opportunity zone industrial development revenue bonds due december 1 2028 4.55% (4.55%) | 21 | 21 less unamortized debt issuance costs | -26 (26) | -27 (27) total long-term debt | 1279 | 1278 credit facility - in november 2017, the company terminated its second amended and restated credit agreement and entered into a new credit agreement (the "credit facility") with third-party lenders. the credit facility includes a revolving credit facility of $1250 million, which may be drawn upon during a period of five years from november 22, 2017. the revolving credit facility includes a letter of credit subfacility of $500 million. the revolving credit facility has a variable interest rate on outstanding borrowings based on the london interbank offered rate ("libor") plus a spread based upon the company's credit rating, which may vary between 1.125% (1.125%) and 1.500% (1.500%). the revolving credit facility also has a commitment fee rate on the unutilized balance based on the company 2019s leverage ratio. the commitment fee rate as of december 31, 2017 was 0.25% (0.25%) and may vary between 0.20% (0.20%) and 0.30% (0.30%). the credit facility contains customary affirmative and negative covenants, as well as a financial covenant based on a maximum total leverage ratio. each of the company's existing and future material wholly owned domestic subsidiaries, except those that are specifically designated as unrestricted subsidiaries, are and will be guarantors under the credit facility. in july 2015, the company used cash on hand to repay all amounts outstanding under a prior credit facility, including $345 million in principal amount of outstanding term loans. as of december 31, 2017, $15 million in letters of credit were issued but undrawn, and the remaining $1235 million of the revolving credit facility was unutilized. the company had unamortized debt issuance costs associated with its credit facilities of $11 million and $8 million as of december 31, 2017 and 2016, respectively. senior notes - in december 2017, the company issued $600 million aggregate principal amount of unregistered 3.483% (3.483%) senior notes with registration rights due december 2027, the net proceeds of which were used to repurchase the company's 5.000% (5.000%) senior notes due in 2021 in connection with the 2017 redemption described below. in november 2015, the company issued $600 million aggregate principal amount of unregistered 5.000% (5.000%) senior notes due november 2025, the net proceeds of which were used to repurchase the company's 7.125% (7.125%) senior notes due in 2021 in connection with the 2015 tender offer and redemption described below. interest on the company's senior notes is payable semi-annually. the terms of the 5.000% (5.000%) and 3.483% (3.483%) senior notes limit the company 2019s ability and the ability of certain of its subsidiaries to create liens, enter into sale and leaseback transactions, sell assets, and effect consolidations or mergers. the company had unamortized debt issuance costs associated with the senior notes of $15 million and $19 million as of december 31, 2017 and 2016, respectively.. what was the change in the unamortized debt issuance costs associated with the senior notes between 2016 and 2017? -4.0 so what was the percentage change during this time? -0.21053 what was the change associated with credit facilities during that time?

3.0

we have adequate access to capital markets to meet any foreseeable cash requirements, and we have sufficient financial capacity to satisfy our current liabilities. cash flows millions 2014 2013 2012. cash flowsmillions | 2014 | 2013 | 2012 cash provided by operating activities | $7385 | $6823 | $6161 cash used in investing activities | -4249 (4249) | -3405 (3405) | -3633 (3633) cash used in financing activities | -2982 (2982) | -3049 (3049) | -2682 (2682) net change in cash and cashequivalents | $154 | $369 | $-154 (154) operating activities higher net income in 2014 increased cash provided by operating activities compared to 2013, despite higher income tax payments. 2014 income tax payments were higher than 2013 primarily due to higher income, but also because we paid taxes previously deferred by bonus depreciation (discussed below). higher net income in 2013 increased cash provided by operating activities compared to 2012. in addition, we made payments in 2012 for past wages as a result of national labor negotiations, which reduced cash provided by operating activities in 2012. lower tax benefits from bonus depreciation (as discussed below) partially offset the increases. federal tax law provided for 100% (100%) bonus depreciation for qualified investments made during 2011 and 50% (50%) bonus depreciation for qualified investments made during 2012-2013. as a result, the company deferred a substantial portion of its 2011-2013 income tax expense, contributing to the positive operating cash flow in those years. congress extended 50% (50%) bonus depreciation for 2014, but this extension occurred in december and did not have a significant benefit on our income tax payments during 2014. investing activities higher capital investments, including the early buyout of the long-term operating lease of our headquarters building for approximately $261 million, drove the increase in cash used in investing activities compared to 2013. significant investments also were made for new locomotives, freight cars and containers, and capacity and commercial facility projects. capital investments in 2014 also included $99 million for the early buyout of locomotives and freight cars under long-term operating leases, which we exercised due to favorable economic terms and market conditions. lower capital investments in locomotives and freight cars in 2013 drove the decrease in cash used in investing activities compared to 2012. included in capital investments in 2012 was $75 million for the early buyout of 165 locomotives under long-term operating and capital leases during the first quarter of 2012, which we exercised due to favorable economic terms and market conditions.. what was the cash provided by operating activities in 2013? 6823.0 and in 2012?

6161.0

entergy new orleans, inc. management's financial discussion and analysis net revenue 2008 compared to 2007 net revenue consists of operating revenues net of: 1) fuel, fuel-related expenses, and gas purchased for resale, 2) purchased power expenses, and 3) other regulatory charges. following is an analysis of the change in net revenue comparing 2008 to 2007. amount (in millions). - | amount (in millions) 2007 net revenue | $231.0 volume/weather | 15.5 net gas revenue | 6.6 rider revenue | 3.9 base revenue | -11.3 (11.3) other | 7.0 2008 net revenue | $252.7 the volume/weather variance is due to an increase in electricity usage in the service territory in 2008 compared to the same period in 2007. entergy new orleans estimates that approximately 141000 electric customers and 93000 gas customers have returned since hurricane katrina and are taking service as of december 31, 2008, compared to approximately 132000 electric customers and 86000 gas customers as of december 31, 2007. billed retail electricity usage increased a total of 184 gwh compared to the same period in 2007, an increase of 4% (4%). the net gas revenue variance is primarily due to an increase in base rates in march and november 2007. refer to note 2 to the financial statements for a discussion of the base rate increase. the rider revenue variance is due primarily to higher total revenue and a storm reserve rider effective march 2007 as a result of the city council's approval of a settlement agreement in october 2006. the approved storm reserve has been set to collect $75 million over a ten-year period through the rider and the funds will be held in a restricted escrow account. the settlement agreement is discussed in note 2 to the financial statements. the base revenue variance is primarily due to a base rate recovery credit, effective january 2008. the base rate credit is discussed in note 2 to the financial statements. gross operating revenues and fuel and purchased power expenses gross operating revenues increased primarily due to: an increase of $58.9 million in gross wholesale revenue due to increased sales to affiliated customers and an increase in the average price of energy available for resale sales; an increase of $47.7 million in electric fuel cost recovery revenues due to higher fuel rates and increased electricity usage; and an increase of $22 million in gross gas revenues due to higher fuel recovery revenues and increases in gas base rates in march 2007 and november 2007. fuel and purchased power increased primarily due to increases in the average market prices of natural gas and purchased power in addition to an increase in demand.. what was the number of gas customers in 2008? 93000.0 and what was it in 2007?

86000.0

note 17. accumulated other comprehensive losses: pmi's accumulated other comprehensive losses, net of taxes, consisted of the following:. (losses) earnings (in millions) | (losses) earnings 2015 | (losses) earnings 2014 | 2013 currency translation adjustments | $-6129 (6129) | $-3929 (3929) | $-2207 (2207) pension and other benefits | -3332 (3332) | -3020 (3020) | -2046 (2046) derivatives accounted for as hedges | 59 | 123 | 63 total accumulated other comprehensive losses | $-9402 (9402) | $-6826 (6826) | $-4190 (4190) reclassifications from other comprehensive earnings the movements in accumulated other comprehensive losses and the related tax impact, for each of the components above, that are due to current period activity and reclassifications to the income statement are shown on the consolidated statements of comprehensive earnings for the years ended december 31, 2015, 2014, and 2013. the movement in currency translation adjustments for the year ended december 31, 2013, was also impacted by the purchase of the remaining shares of the mexican tobacco business. in addition, $1 million, $5 million and $12 million of net currency translation adjustment gains were transferred from other comprehensive earnings to marketing, administration and research costs in the consolidated statements of earnings for the years ended december 31, 2015, 2014 and 2013, respectively, upon liquidation of subsidiaries. for additional information, see note 13. benefit plans and note 15. financial instruments for disclosures related to pmi's pension and other benefits and derivative financial instruments. note 18. colombian investment and cooperation agreement: on june 19, 2009, pmi announced that it had signed an agreement with the republic of colombia, together with the departments of colombia and the capital district of bogota, to promote investment and cooperation with respect to the colombian tobacco market and to fight counterfeit and contraband tobacco products. the investment and cooperation agreement provides $200 million in funding to the colombian governments over a 20-year period to address issues of mutual interest, such as combating the illegal cigarette trade, including the threat of counterfeit tobacco products, and increasing the quality and quantity of locally grown tobacco. as a result of the investment and cooperation agreement, pmi recorded a pre-tax charge of $135 million in the operating results of the latin america & canada segment during the second quarter of 2009. at december 31, 2015 and 2014, pmi had $73 million and $71 million, respectively, of discounted liabilities associated with the colombian investment and cooperation agreement. these discounted liabilities are primarily reflected in other long-term liabilities on the consolidated balance sheets and are expected to be paid through 2028. note 19. rbh legal settlement: on july 31, 2008, rothmans inc. ("rothmans") announced the finalization of a cad 550 million settlement (or approximately $540 million, based on the prevailing exchange rate at that time) between itself and rothmans, benson & hedges inc. ("rbh"), on the one hand, and the government of canada and all 10 provinces, on the other hand. the settlement resolved the royal canadian mounted police's investigation relating to products exported from canada by rbh during the 1989-1996 period. rothmans' sole holding was a 60% (60%) interest in rbh. the remaining 40% (40%) interest in rbh was owned by pmi.. what were the total accumulated other comprehensive losses in 2015? 9402.0 and what were they in 2014? 6826.0 by what amount, then, did they increase over the year? 2576.0 what is this increase as a percent of the 2014 losses?

0.37738

credit facility, which was amended in 2013 and 2012. in march 2014, the company 2019s credit facility was further amended to extend the maturity date to march 2019. the amount of the aggregate commitment is $3.990 billion (the 201c2014 credit facility 201d). the 2014 credit facility permits the company to request up to an additional $1.0 billion of borrowing capacity, subject to lender credit approval, increasing the overall size of the 2014 credit facility to an aggregate principal amount not to exceed $4.990 billion. interest on borrowings outstanding accrues at a rate based on the applicable london interbank offered rate plus a spread. the 2014 credit facility requires the company not to exceed a maximum leverage ratio (ratio of net debt to earnings before interest, taxes, depreciation and amortization, where net debt equals total debt less unrestricted cash) of 3 to 1, which was satisfied with a ratio of less than 1 to 1 at december 31, 2014. the 2014 credit facility provides back-up liquidity, funds ongoing working capital for general corporate purposes and funds various investment opportunities. at december 31, 2014, the company had no amount outstanding under the 2014 credit facility. commercial paper program. on october 14, 2009, blackrock established a commercial paper program (the 201ccp program 201d) under which the company could issue unsecured commercial paper notes (the 201ccp notes 201d) on a private placement basis up to a maximum aggregate amount outstanding at any time of $3.0 billion. blackrock increased the maximum aggregate amount that could be borrowed under the cp program to $3.5 billion in 2011 and to $3.785 billion in 2012. in april 2013, blackrock increased the maximum aggregate amount for which the company could issue unsecured cp notes on a private-placement basis up to a maximum aggregate amount outstanding at any time of $3.990 billion. the cp program is currently supported by the 2014 credit facility. at december 31, 2014, blackrock had no cp notes outstanding. long-term borrowings the carrying value and fair value of long-term borrowings estimated using market prices at december 31, 2014 included the following: (in millions) maturity amount unamortized discount carrying value fair value. (in millions) | maturity amount | unamortized discount | carrying value | fair value 1.375% (1.375%) notes due 2015 | $750 | $2014 | $750 | $753 6.25% (6.25%) notes due 2017 | 700 | -1 (1) | 699 | 785 5.00% (5.00%) notes due 2019 | 1000 | -2 (2) | 998 | 1134 4.25% (4.25%) notes due 2021 | 750 | -3 (3) | 747 | 825 3.375% (3.375%) notes due 2022 | 750 | -3 (3) | 747 | 783 3.50% (3.50%) notes due 2024 | 1000 | -3 (3) | 997 | 1029 total long-term borrowings | $4950 | $-12 (12) | $4938 | $5309 long-term borrowings at december 31, 2013 had a carrying value of $4.939 billion and a fair value of $5.284 billion determined using market prices at the end of december 2013. 2024 notes. in march 2014, the company issued $1.0 billion in aggregate principal amount of 3.50% (3.50%) senior unsecured and unsubordinated notes maturing on march 18, 2024 (the 201c2024 notes 201d). the net proceeds of the 2024 notes were used to refinance certain indebtedness which matured in the fourth quarter of 2014. interest is payable semi-annually in arrears on march 18 and september 18 of each year, or approximately $35 million per year. the 2024 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price. the 2024 notes were issued at a discount of $3 million that is being amortized over the term of the notes. the company incurred approximately $6 million of debt issuance costs, which are being amortized over the term of the 2024 notes. at december 31, 2014, $6 million of unamortized debt issuance costs was included in other assets on the consolidated statement of financial condition. 2015 and 2022 notes. in may 2012, the company issued $1.5 billion in aggregate principal amount of unsecured unsubordinated obligations. these notes were issued as two separate series of senior debt securities, including $750 million of 1.375% (1.375%) notes maturing in june 2015 (the 201c2015 notes 201d) and $750 million of 3.375% (3.375%) notes maturing in june 2022 (the 201c2022 notes 201d). net proceeds were used to fund the repurchase of blackrock 2019s common stock and series b preferred from barclays and affiliates and for general corporate purposes. interest on the 2015 notes and the 2022 notes of approximately $10 million and $25 million per year, respectively, is payable semi-annually on june 1 and december 1 of each year, which commenced december 1, 2012. the 2015 notes and 2022 notes may be redeemed prior to maturity at any time in whole or in part at the option of the company at a 201cmake-whole 201d redemption price. the 201cmake-whole 201d redemption price represents a price, subject to the specific terms of the 2015 and 2022 notes and related indenture, that is the greater of (a) par value and (b) the present value of future payments that will not be paid because of an early redemption, which is discounted at a fixed spread over a comparable treasury security. the 2015 notes and 2022 notes were issued at a discount of $5 million that is being amortized over the term of the notes. the company incurred approximately $7 million of debt issuance costs, which are being amortized over the respective terms of the 2015 notes and 2022 notes. at december 31, 2014, $4 million of unamortized debt issuance costs was included in other assets on the consolidated statement of financial condition. 2021 notes. in may 2011, the company issued $1.5 billion in aggregate principal amount of unsecured unsubordinated obligations. these notes were issued as two separate series of senior debt securities, including $750 million of 4.25% (4.25%) notes maturing in may 2021 and $750 million of floating rate notes (201c2013 floating rate notes 201d), which were repaid in may 2013 at maturity. net proceeds of this offering were used to fund the repurchase of blackrock 2019s series b preferred from affiliates of merrill lynch & co., inc. (201cmerrill lynch 201d). interest. what was the amount of notes maturing in june 2022? 750.0 and the maturity amount due in 2017? 700.0 combined, what is the total of these two values? 1450.0 and the total long-term borrowings? 4950.0 and the total portion due in the next 36 months?

0.29293

page 31 of 94 other liquidity items cash payments required for long-term debt maturities, rental payments under noncancellable operating leases, purchase obligations and other commitments in effect at december 31, 2007, are summarized in the following table:. ($in millions) | payments due by period (a) total | payments due by period (a) less than 1 year | payments due by period (a) 1-3 years | payments due by period (a) 3-5 years | payments due by period (a) more than 5 years long-term debt | $2302.6 | $126.1 | $547.6 | $1174.9 | $454.0 capital lease obligations | 4.4 | 1.0 | 0.8 | 0.5 | 2.1 interest payments on long-term debt (b) | 698.6 | 142.9 | 246.3 | 152.5 | 156.9 operating leases | 218.5 | 49.9 | 71.7 | 42.5 | 54.4 purchase obligations (c) | 6092.6 | 2397.2 | 3118.8 | 576.6 | 2013 common stock repurchase agreements | 131.0 | 131.0 | 2013 | 2013 | 2013 legal settlement | 70.0 | 70.0 | 2013 | 2013 | 2013 total payments on contractual obligations | $9517.7 | $2918.1 | $3985.2 | $1947.0 | $667.4 total payments on contractual obligations $9517.7 $2918.1 $3985.2 $1947.0 $667.4 (a) amounts reported in local currencies have been translated at the year-end exchange rates. (b) for variable rate facilities, amounts are based on interest rates in effect at year end and do not contemplate the effects of hedging instruments. (c) the company 2019s purchase obligations include contracted amounts for aluminum, steel, plastic resin and other direct materials. also included are commitments for purchases of natural gas and electricity, aerospace and technologies contracts and other less significant items. in cases where variable prices and/or usage are involved, management 2019s best estimates have been used. depending on the circumstances, early termination of the contracts may not result in penalties and, therefore, actual payments could vary significantly. contributions to the company 2019s defined benefit pension plans, not including the unfunded german plans, are expected to be $49 million in 2008. this estimate may change based on plan asset performance. benefit payments related to these plans are expected to be $66 million, $70 million, $74 million, $77 million and $82 million for the years ending december 31, 2008 through 2012, respectively, and a total of $473 million for the years 2013 through 2017. payments to participants in the unfunded german plans are expected to be approximately $26 million in each of the years 2008 through 2012 and a total of $136 million for the years 2013 through 2017. in accordance with united kingdom pension regulations, ball has provided an a38 million guarantee to the plan for its defined benefit plan in the united kingdom. if the company 2019s credit rating falls below specified levels, ball will be required to either: (1) contribute an additional a38 million to the plan; (2) provide a letter of credit to the plan in that amount or (3) if imposed by the appropriate regulatory agency, provide a lien on company assets in that amount for the benefit of the plan. the guarantee can be removed upon approval by both ball and the pension plan trustees. our share repurchase program in 2007 was $211.3 million, net of issuances, compared to $45.7 million net repurchases in 2006 and $358.1 million in 2005. the net repurchases included the $51.9 million settlement on january 5, 2007, of a forward contract entered into in december 2006 for the repurchase of 1200000 shares. however, the 2007 net repurchases did not include a forward contract entered into in december 2007 for the repurchase of 675000 shares. the contract was settled on january 7, 2008, for $31 million in cash. on december 12, 2007, in a privately negotiated transaction, ball entered into an accelerated share repurchase agreement to buy $100 million of its common shares using cash on hand and available borrowings. the company advanced the $100 million on january 7, 2008, and received approximately 2 million shares, which represented 90 percent of the total shares as calculated using the previous day 2019s closing price. the exact number of shares to be repurchased under the agreement, which will be determined on the settlement date (no later than june 5, 2008), is subject to an adjustment based on a weighted average price calculation for the period between the initial purchase date and the settlement date. the company has the option to settle the contract in either cash or shares. including the settlements of the forward share purchase contract and the accelerated share repurchase agreement, we expect to repurchase approximately $300 million of our common shares, net of issuances, in 2008. annual cash dividends paid on common stock were 40 cents per share in 2007, 2006 and 2005. total dividends paid were $40.6 million in 2007, $41 million in 2006 and $42.5 million in 2005.. what is the last year in which payments to participants in the unfunded german plans are expected to be approximately $26 million? 2012.0 and what is the first year? 2008.0 how many years, then, are comprehended in this period? 4.0 and what is the total of payments to participants in the unfunded german plans for each of those years? 26.0 what is, then, the total amount of those payments in all of the years combined, in million?

104.0

backlog applied manufactures systems to meet demand represented by order backlog and customer commitments. backlog consists of: (1) orders for which written authorizations have been accepted and assigned shipment dates are within the next 12 months, or shipment has occurred but revenue has not been recognized; and (2) contractual service revenue and maintenance fees to be earned within the next 12 months. backlog by reportable segment as of october 27, 2013 and october 28, 2012 was as follows: 2013 2012 (in millions, except percentages). - | 2013 | 2012 | - | (in millions except percentages) silicon systems group | $1295 | 55% (55%) | $705 | 44% (44%) applied global services | 591 | 25% (25%) | 580 | 36% (36%) display | 361 | 15% (15%) | 206 | 13% (13%) energy and environmental solutions | 125 | 5% (5%) | 115 | 7% (7%) total | $2372 | 100% (100%) | $1606 | 100% (100%) applied 2019s backlog on any particular date is not necessarily indicative of actual sales for any future periods, due to the potential for customer changes in delivery schedules or cancellation of orders. customers may delay delivery of products or cancel orders prior to shipment, subject to possible cancellation penalties. delays in delivery schedules and/or a reduction of backlog during any particular period could have a material adverse effect on applied 2019s business and results of operations. manufacturing, raw materials and supplies applied 2019s manufacturing activities consist primarily of assembly, test and integration of various proprietary and commercial parts, components and subassemblies (collectively, parts) that are used to manufacture systems. applied has implemented a distributed manufacturing model under which manufacturing and supply chain activities are conducted in various countries, including the united states, europe, israel, singapore, taiwan, and other countries in asia, and assembly of some systems is completed at customer sites. applied uses numerous vendors, including contract manufacturers, to supply parts and assembly services for the manufacture and support of its products. although applied makes reasonable efforts to assure that parts are available from multiple qualified suppliers, this is not always possible. accordingly, some key parts may be obtained from only a single supplier or a limited group of suppliers. applied seeks to reduce costs and to lower the risks of manufacturing and service interruptions by: (1) selecting and qualifying alternate suppliers for key parts; (2) monitoring the financial condition of key suppliers; (3) maintaining appropriate inventories of key parts; (4) qualifying new parts on a timely basis; and (5) locating certain manufacturing operations in close proximity to suppliers and customers. research, development and engineering applied 2019s long-term growth strategy requires continued development of new products. the company 2019s significant investment in research, development and engineering (rd&e) has generally enabled it to deliver new products and technologies before the emergence of strong demand, thus allowing customers to incorporate these products into their manufacturing plans at an early stage in the technology selection cycle. applied works closely with its global customers to design systems and processes that meet their planned technical and production requirements. product development and engineering organizations are located primarily in the united states, as well as in europe, israel, taiwan, and china. in addition, applied outsources certain rd&e activities, some of which are performed outside the united states, primarily in india. process support and customer demonstration laboratories are located in the united states, china, taiwan, europe, and israel. applied 2019s investments in rd&e for product development and engineering programs to create or improve products and technologies over the last three years were as follows: $1.3 billion (18 percent of net sales) in fiscal 2013, $1.2 billion (14 percent of net sales) in fiscal 2012, and $1.1 billion (11 percent of net sales) in fiscal 2011. applied has spent an average of 14 percent of net sales in rd&e over the last five years. in addition to rd&e for specific product technologies, applied maintains ongoing programs for automation control systems, materials research, and environmental control that are applicable to its products.. what was the change in the rd&e spendings from 2013 to 2014? 0.1 and what is this change as a percentage of those spendings in 2013?

0.08333

american tower corporation and subsidiaries notes to consolidated financial statements 2014 (continued) a description of the company 2019s reporting units and the results of the related transitional impairment testing are as follows: verestar 2014verestar was a single segment and reporting unit until december 2002, when the company committed to a plan to dispose of verestar. the company recorded an impairment charge of $189.3 million relating to the impairment of goodwill in this reporting unit. the fair value of this reporting unit was determined based on an independent third party appraisal. network development services 2014as of january 1, 2002, the reporting units in the company 2019s network development services segment included kline, specialty constructors, galaxy, mts components and flash technologies. the company estimated the fair value of these reporting units utilizing future discounted cash flows and market information as to the value of each reporting unit on january 1, 2002. the company recorded an impairment charge of $387.8 million for the year ended december 31, 2002 related to the impairment of goodwill within these reporting units. such charge included full impairment for all of the goodwill within the reporting units except kline, for which only a partial impairment was recorded. as discussed in note 2, the assets of all of these reporting units were sold as of december 31, 2003, except for those of kline and our tower construction services unit, which were sold in march and november 2004, respectively. rental and management 2014the company obtained an independent third party appraisal of the rental and management reporting unit that contains goodwill and determined that goodwill was not impaired. the company 2019s other intangible assets subject to amortization consist of the following as of december 31, (in thousands):. - | 2004 | 2003 acquired customer base and network location intangibles | $1369607 | $1299521 deferred financing costs | 89736 | 111484 acquired licenses and other intangibles | 43404 | 43125 total | 1502747 | 1454130 less accumulated amortization | -517444 (517444) | -434381 (434381) other intangible assets net | $985303 | $1019749 the company amortizes its intangible assets over periods ranging from three to fifteen years. amortization of intangible assets for the years ended december 31, 2004 and 2003 aggregated approximately $97.8 million and $94.6 million, respectively (excluding amortization of deferred financing costs, which is included in interest expense). the company expects to record amortization expense of approximately $97.8 million, $95.9 million, $92.0 million, $90.5 million and $88.8 million, respectively, for the years ended december 31, 2005, 2006, 2007, 2008 and 2009, respectively. 5. notes receivable in 2000, the company loaned tv azteca, s.a. de c.v. (tv azteca), the owner of a major national television network in mexico, $119.8 million. the loan, which initially bore interest at 12.87% (12.87%), payable quarterly, was discounted by the company, as the fair value interest rate at the date of the loan was determined to be 14.25% (14.25%). the loan was amended effective january 1, 2003 to increase the original interest rate to 13.11% (13.11%). as of december 31, 2004, and 2003, approximately $119.8 million undiscounted ($108.2 million discounted) under the loan was outstanding and included in notes receivable and other long-term assets in the accompanying consolidated balance sheets. the term of the loan is seventy years; however, the loan may be prepaid by tv. what is the net change in the balance of other intangible assets net from 2003 to 2004?

-34446.0

during the fourth quarter of 2010, schlumberger issued 20ac1.0 billion 2.75% (2.75%) guaranteed notes due under this program. schlumberger entered into agreements to swap these euro notes for us dollars on the date of issue until maturity, effectively making this a us denominated debt on which schlumberger will pay interest in us dollars at a rate of 2.56% (2.56%). during the first quarter of 2009, schlumberger issued 20ac1.0 billion 4.50% (4.50%) guaranteed notes due 2014 under this program. schlumberger entered into agreements to swap these euro notes for us dollars on the date of issue until maturity, effectively making this a us dollar denominated debt on which schlumberger will pay interest in us dollars at a rate of 4.95% (4.95%). 0160 on april 17, 2008, the schlumberger board of directors approved an $8 billion share repurchase program for shares of schlumberger common stock, to be acquired in the open market before december 31, 2011. on july 21, 2011, the schlumberger board of directors approved an extension of this repurchase program to december 31, 2013. schlumberger had repurchased $7.12 billion of shares under this program as of december 31, 2012. the following table summarizes the activity under this share repurchase program during 2012, 2011 and 2010: (stated in thousands except per share amounts) total cost of shares purchased total number of shares purchased average price paid per share. - | total cost of shares purchased | total number of shares purchased | average price paid per share 2012 | $971883 | 14087.8 | $68.99 2011 | $2997688 | 36940.4 | $81.15 2010 | $1716675 | 26624.8 | $64.48 0160 cash flow provided by operations was $6.8 billion in 2012, $6.1 billion in 2011 and $5.5 billion in 2010. in recent years, schlumberger has actively managed its activity levels in venezuela relative to its accounts receivable balance, and has recently experienced an increased delay in payment from its national oil company customer there. schlumberger operates in approximately 85 countries. at december 31, 2012, only five of those countries (including venezuela) individually accounted for greater than 5% (5%) of schlumberger 2019s accounts receivable balance of which only one, the united states, represented greater than 10% (10%). 0160 dividends paid during 2012, 2011 and 2010 were $1.43 billion, $1.30 billion and $1.04 billion, respectively. on january 17, 2013, schlumberger announced that its board of directors had approved an increase in the quarterly dividend of 13.6% (13.6%), to $0.3125. on january 19, 2012, schlumberger announced that its board of directors had approved an increase in the quarterly dividend of 10% (10%), to $0.275. on january 21, 2011, schlumberger announced that its board of directors had approved an increase in the quarterly dividend of 19% (19%), to $0.25. 0160 capital expenditures were $4.7 billion in 2012, $4.0 billion in 2011 and $2.9 billion in 2010. capital expenditures are expected to approach $3.9 billion for the full year 2013. 0160 during 2012, 2011 and 2010 schlumberger made contributions of $673 million, $601 million and $868 million, respectively, to its postretirement benefit plans. the us pension plans were 82% (82%) funded at december 31, 2012 based on the projected benefit obligation. this compares to 87% (87%) funded at december 31, 2011. schlumberger 2019s international defined benefit pension plans are a combined 88% (88%) funded at december 31, 2012 based on the projected benefit obligation. this compares to 88% (88%) funded at december 31, 2011. schlumberger currently anticipates contributing approximately $650 million to its postretirement benefit plans in 2013, subject to market and business conditions. 0160 there were $321 million outstanding series b debentures at december 31, 2009. during 2010, the remaining $320 million of the 2.125% (2.125%) series b convertible debentures due june 1, 2023 were converted by holders into 8.0 million shares of schlumberger common stock and the remaining $1 million of outstanding series b debentures were redeemed for cash.. as of december 31, 2012, what was the remaining amount under the share repurchase program for shares of schlumberger common stock? 0.88 and in the year before, what was the average price paid per share? 81.15 what was it in 2010? 64.48 by how much, then, did it increase over the year?

16.67

net revenues include $3.8 billion in 2017 and $739 million in 2016 related to the sale of rrps, mainly driven by japan. these net revenue amounts include excise taxes billed to customers. excluding excise taxes, net revenues for rrps were $3.6 billion in 2017 and $733 million in 2016. in some jurisdictions, including japan, we are not responsible for collecting excise taxes. in 2017, approximately $0.9 billion of our $3.6 billion in rrp net revenues, excluding excise taxes, were from iqos devices and accessories. excise taxes on products increased by $1.1 billion, due to: 2022 higher excise taxes resulting from changes in retail prices and tax rates ($4.6 billion), partially offset by 2022 favorable currency ($1.9 billion) and 2022 lower excise taxes resulting from volume/mix ($1.6 billion). our cost of sales; marketing, administration and research costs; and operating income were as follows: for the years ended december 31, variance. (in millions) | for the years ended december 31, 2017 | for the years ended december 31, 2016 | for the years ended december 31, $|% (%) cost of sales | $10432 | $9391 | $1041 | 11.1% (11.1%) marketing administration and research costs | 6725 | 6405 | 320 | 5.0% (5.0%) operating income | 11503 | 10815 | 688 | 6.4% (6.4%) cost of sales increased by $1.0 billion, due to: 2022 higher cost of sales resulting from volume/mix ($1.1 billion), partly offset by 2022 lower manufacturing costs ($36 million) and 2022 favorable currency ($30 million). marketing, administration and research costs increased by $320 million, due to: 2022 higher expenses ($570 million, largely reflecting increased investment behind reduced-risk products, predominately in the european union and asia), partly offset by 2022 favorable currency ($250 million). operating income increased by $688 million, due primarily to: 2022 price increases ($1.4 billion), partly offset by 2022 higher marketing, administration and research costs ($570 million) and 2022 unfavorable currency ($157 million). interest expense, net, of $914 million increased by $23 million, due primarily to unfavorably currency and higher average debt levels, partly offset by higher interest income. our effective tax rate increased by 12.8 percentage points to 40.7% (40.7%). the 2017 effective tax rate was unfavorably impacted by $1.6 billion due to the tax cuts and jobs act. for further details, see item 8, note 11. income taxes to our consolidated financial statements. we are continuing to evaluate the impact that the tax cuts and jobs act will have on our tax liability. based upon our current interpretation of the tax cuts and jobs act, we estimate that our 2018 effective tax rate will be approximately 28% (28%), subject to future regulatory developments and earnings mix by taxing jurisdiction. we are regularly examined by tax authorities around the world, and we are currently under examination in a number of jurisdictions. it is reasonably possible that within the next 12 months certain tax examinations will close, which could result in a change in unrecognized tax benefits along with related interest and penalties. an estimate of any possible change cannot be made at this time. net earnings attributable to pmi of $6.0 billion decreased by $932 million (13.4% (13.4%)). this decrease was due primarily to a higher effective tax rate as discussed above, partly offset by higher operating income. diluted and basic eps of $3.88 decreased by 13.4% (13.4%). excluding. what was the operating income in 2017? 11503.0 and what was it in 2016? 10815.0 what was, then, the change over the year? 688.0 what was the operating income in 2016? 10815.0 and how much does that change represent in relation to this 2016 operating income, in percentage?

0.06362

part ii item 5. market for registrant 2019s common equity, related stockholder matters and issuer purchases of equity securities the following table presents reported quarterly high and low per share sale prices of our common stock on the new york stock exchange (201cnyse 201d) for the years 2010 and 2009.. 2010 | high | low quarter ended march 31 | $44.61 | $40.10 quarter ended june 30 | 45.33 | 38.86 quarter ended september 30 | 52.11 | 43.70 quarter ended december 31 | 53.14 | 49.61 2009 | high | low quarter ended march 31 | $32.53 | $25.45 quarter ended june 30 | 34.52 | 27.93 quarter ended september 30 | 37.71 | 29.89 quarter ended december 31 | 43.84 | 35.03 on february 11, 2011, the closing price of our common stock was $56.73 per share as reported on the nyse. as of february 11, 2011, we had 397612895 outstanding shares of common stock and 463 registered holders. dividends we have not historically paid a dividend on our common stock. payment of dividends in the future, when, as and if authorized by our board of directors, would depend upon many factors, including our earnings and financial condition, restrictions under applicable law and our current and future loan agreements, our debt service requirements, our capital expenditure requirements and other factors that our board of directors may deem relevant from time to time, including the potential determination to elect reit status. in addition, the loan agreement for our revolving credit facility and term loan contain covenants that generally restrict our ability to pay dividends unless certain financial covenants are satisfied. for more information about the restrictions under the loan agreement for the revolving credit facility and term loan, our notes indentures and the loan agreement related to our securitization, see 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 2014factors affecting sources of liquidity 201d and note 6 to our consolidated financial statements included in this annual report.. what was the closing price of common stock as of 2/11/11?

56.73

note 6: inventories we use the last-in, first-out (lifo) method for the majority of our inventories located in the continental u.s. other inventories are valued by the first-in, first-out (fifo) method. fifo cost approximates current replacement cost. inventories measured using lifo must be valued at the lower of cost or market. inventories measured using fifo must be valued at the lower of cost or net realizable value. inventories at december 31 consisted of the following:. - | 2018 | 2017 finished products | $988.1 | $1211.4 work in process | 2628.2 | 2697.7 raw materials and supplies | 506.5 | 488.8 total (approximates replacement cost) | 4122.8 | 4397.9 increase (reduction) to lifo cost | -11.0 (11.0) | 60.4 inventories | $4111.8 | $4458.3 inventories valued under the lifo method comprised $1.57 billion and $1.56 billion of total inventories at december 31, 2018 and 2017, respectively. note 7: financial instruments financial instruments that potentially subject us to credit risk consist principally of trade receivables and interest- bearing investments. wholesale distributors of life-science products account for a substantial portion of our trade receivables; collateral is generally not required. we seek to mitigate the risk associated with this concentration through our ongoing credit-review procedures and insurance. a large portion of our cash is held by a few major financial institutions. we monitor our exposures with these institutions and do not expect any of these institutions to fail to meet their obligations. major financial institutions represent the largest component of our investments in corporate debt securities. in accordance with documented corporate risk-management policies, we monitor the amount of credit exposure to any one financial institution or corporate issuer. we are exposed to credit-related losses in the event of nonperformance by counterparties to risk-management instruments but do not expect any counterparties to fail to meet their obligations given their high credit ratings. we consider all highly liquid investments with a maturity of three months or less from the date of purchase to be cash equivalents. the cost of these investments approximates fair value. our equity investments are accounted for using three different methods depending on the type of equity investment: 2022 investments in companies over which we have significant influence but not a controlling interest are accounted for using the equity method, with our share of earnings or losses reported in other-net, (income) expense. 2022 for equity investments that do not have readily determinable fair values, we measure these investments at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for the identical or similar investment of the same issuer. any change in recorded value is recorded in other-net, (income) expense. 2022 our public equity investments are measured and carried at fair value. any change in fair value is recognized in other-net, (income) expense. we review equity investments other than public equity investments for indications of impairment on a regular basis. our derivative activities are initiated within the guidelines of documented corporate risk-management policies and are intended to offset losses and gains on the assets, liabilities, and transactions being hedged. management reviews the correlation and effectiveness of our derivatives on a quarterly basis.. what was the total in raw materials and supplies in 2018? 506.5 and what was it in 2017? 488.8 what was, then, the change over the year? 17.7 what was the total in raw materials and supplies in 2017?

488.8

amortized over a nine-year period beginning december 2015. see note 2 to the financial statements for further discussion of the business combination and customer credits. the volume/weather variance is primarily due to the effect of more favorable weather during the unbilled period and an increase in industrial usage, partially offset by the effect of less favorable weather on residential sales. the increase in industrial usage is primarily due to expansion projects, primarily in the chemicals industry, and increased demand from new customers, primarily in the industrial gases industry. the louisiana act 55 financing savings obligation variance results from a regulatory charge for tax savings to be shared with customers per an agreement approved by the lpsc. the tax savings resulted from the 2010-2011 irs audit settlement on the treatment of the louisiana act 55 financing of storm costs for hurricane gustav and hurricane ike. see note 3 to the financial statements for additional discussion of the settlement and benefit sharing. included in other is a provision of $23 million recorded in 2016 related to the settlement of the waterford 3 replacement steam generator prudence review proceeding, offset by a provision of $32 million recorded in 2015 related to the uncertainty at that time associated with the resolution of the waterford 3 replacement steam generator prudence review proceeding. a0 see note 2 to the financial statements for a discussion of the waterford 3 replacement steam generator prudence review proceeding. entergy wholesale commodities following is an analysis of the change in net revenue comparing 2016 to 2015. amount (in millions). - | amount (in millions) 2015 net revenue | $1666 nuclear realized price changes | -149 (149) rhode island state energy center | -44 (44) nuclear volume | -36 (36) fitzpatrick reimbursement agreement | 41 nuclear fuel expenses | 68 other | -4 (4) 2016 net revenue | $1542 as shown in the table above, net revenue for entergy wholesale commodities decreased by approximately $124 million in 2016 primarily due to: 2022 lower realized wholesale energy prices and lower capacity prices, the amortization of the palisades below- market ppa, and vermont yankee capacity revenue. the effect of the amortization of the palisades below- market ppa and vermont yankee capacity revenue on the net revenue variance from 2015 to 2016 is minimal; 2022 the sale of the rhode island state energy center in december 2015. see note 14 to the financial statements for further discussion of the rhode island state energy center sale; and 2022 lower volume in the entergy wholesale commodities nuclear fleet resulting from more refueling outage days in 2016 as compared to 2015 and larger exercise of resupply options in 2016 as compared to 2015. see 201cnuclear matters - indian point 201d below for discussion of the extended indian point 2 outage in the second quarter entergy corporation and subsidiaries management 2019s financial discussion and analysis. how much did net revenue change between 2015 and 2016?

124.0

divestiture of our arrow and moores businesses, and an unfavorable sales mix of international plumbing products, which, in aggregate, decreased sales by two percent. net sales for 2016 were positively affected by increased sales volume of plumbing products, paints and other coating products and builders' hardware. net sales for 2016 were also positively affected by favorable sales mix of cabinets and windows, and net selling price increases of north american windows and north american and international plumbing products. net sales for 2016 were negatively affected by lower sales volume of cabinets and lower net selling prices of paints and other coating products. our gross profit margins were 32.2 percent, 34.2 percent and 33.4 percent in 2018, 2017 and 2016, respectively. the 2018 gross profit margin was negatively impacted by an increase in commodity costs, the recognition of the inventory step up adjustment established as a part of the the acquisition of kichler, an increase in other expenses (such as logistics costs and salaries) and unfavorable sales mix. these negative impacts were partially offset by an increase in net selling prices, the benefits associated with cost savings initiatives, and increased sales volume. the 2017 gross profit margin was positively impacted by increased sales volume, a more favorable relationship between net selling prices and commodity costs, and cost savings initiatives. selling, general and administrative expenses as a percent of sales were 17.7 percent in 2018 compared with 18.6 percent in 2017 and 18.7 percent in 2016. the decrease in selling, general and administrative expenses, as a percentage of sales, was driven by leverage of fixed expenses, due primarily to increased sales volume, and improved cost control. the following table reconciles reported operating profit to operating profit, as adjusted to exclude certain items, dollars in millions:. - | 2018 | 2017 | 2016 operating profit as reported | $1211 | $1194 | $1087 rationalization charges | 14 | 4 | 22 kichler inventory step up adjustment | 40 | 2014 | 2014 operating profit as adjusted | $1265 | $1198 | $1109 operating profit margins as reported | 14.5% (14.5%) | 15.6% (15.6%) | 14.8% (14.8%) operating profit margins as adjusted | 15.1% (15.1%) | 15.7% (15.7%) | 15.1% (15.1%) operating profit margin in 2018 was negatively affected by an increase in commodity costs, the recognition of the inventory step up adjustment established as a part of the the acquisition of kichler and an increase in other expenses (such as logistics costs, salaries and erp costs). these negative impacts were partially offset by increased net selling prices, benefits associated with cost savings initiatives and increased sales volume. operating profit margin in 2017 was positively impacted by increased sales volume, cost savings initiatives, and a more favorable relationship between net selling prices and commodity costs. operating profit margin in 2017 was negatively impacted by an increase in strategic growth investments and certain other expenses, including stock-based compensation, health insurance costs, trade show costs and increased head count. due to the recently-announced increase in tariffs on imported materials from china, and assuming tariffs rise to 25 percent in 2019, we could be exposed to approximately $150 million of potential annual direct cost increases. we will work to mitigate the impact of these tariffs through a combination of price increases, supplier negotiations, supply chain repositioning and other internal productivity measures. other income (expense), net other, net, for 2018 included $14 million of net periodic pension and post-retirement benefit cost and $8 million of realized foreign currency losses. these expenses were partially offset by $3 million of earnings related to equity method investments and $1 million related to distributions from private equity funds. other, net, for 2017 included $26 million related to periodic pension and post-retirement benefit costs, $13 million net loss related to the divestitures of moores and arrow and $2 million related to the impairment of a private equity fund, partially offset by $3 million related to distributions from private equity funds and $1 million of earnings related to equity method investments.. what was reporting operating profit in 2018?

1211.0

14. capital stock shares outstanding. the following table presents information regarding capital stock:. (in thousands) | december 31, 2017 | december 31, 2016 class a common stock authorized | 1000000 | 1000000 class a common stock issued and outstanding | 339235 | 338240 class b-1 common stock authorized issued and outstanding | 0.6 | 0.6 class b-2 common stock authorized issued and outstanding | 0.8 | 0.8 class b-3 common stock authorized issued and outstanding | 1.3 | 1.3 class b-4 common stock authorized issued and outstanding | 0.4 | 0.4 cme group has no shares of preferred stock issued and outstanding. associated trading rights. members of cme, cbot, nymex and comex own or lease trading rights which entitle them to access open outcry trading, discounts on trading fees and the right to vote on certain exchange matters as provided for by the rules of the particular exchange and cme group 2019s or the subsidiaries 2019 organizational documents. each class of cme group class b common stock is associated with a membership in a specific division for trading at cme. a cme trading right is a separate asset that is not part of or evidenced by the associated share of class b common stock of cme group. the class b common stock of cme group is intended only to ensure that the class b shareholders of cme group retain rights with respect to representation on the board of directors and approval rights with respect to the core rights described below. trading rights at cbot are evidenced by class b memberships in cbot, at nymex by class a memberships in nymex and at comex by comex division memberships. members of cbot, nymex and comex do not have any rights to elect members of the board of directors and are not entitled to receive dividends or other distributions on their memberships or trading permits. core rights. holders of cme group class b common shares have the right to approve changes in specified rights relating to the trading privileges at cme associated with those shares. these core rights relate primarily to trading right protections, certain trading fee protections and certain membership benefit protections. votes on changes to these core rights are weighted by class. each class of class b common stock has the following number of votes on matters relating to core rights: class b-1, six votes per share; class b-2, two votes per share; class b-3, one vote per share; and class b-4, 1/6th of one vote per share. the approval of a majority of the votes cast by the holders of shares of class b common stock is required in order to approve any changes to core rights. holders of shares of class a common stock do not have the right to vote on changes to core rights. voting rights. with the exception of the matters reserved to holders of cme group class b common stock, holders of cme group common stock vote together on all matters for which a vote of common shareholders is required. in these votes, each holder of shares of class a or class b common stock of cme group has one vote per share. transfer restrictions. each class of cme group class b common stock is subject to transfer restrictions contained in the certificate of incorporation of cme group. these transfer restrictions prohibit the sale or transfer of any shares of class b common stock separate from the sale of the associated trading rights. election of directors. the cme group board of directors is currently comprised of 20 members. holders of class b-1, class b-2 and class b-3 common stock have the right to elect six directors, of which three are elected by class b-1 shareholders, two are elected by class b-2 shareholders and one is elected by class b-3 shareholders. the remaining directors are elected by the class a and class b shareholders voting as a single class.. what is 1000 times the number of votes from class b-3 common stock authorized issued and outstanding in 2017?

1300.0

entergy mississippi, inc. management 2019s financial discussion and analysis 2010 compared to 2009 net revenue consists of operating revenues net of: 1) fuel, fuel-related expenses, and gas purchased for resale, 2) purchased power expenses, and 3) other regulatory charges (credits). following is an analysis of the change in net revenue comparing 2010 to 2009. amount (in millions). - | amount (in millions) 2009 net revenue | $536.7 volume/weather | 18.9 other | -0.3 (0.3) 2010 net revenue | $555.3 the volume/weather variance is primarily due to an increase of 1046 gwh, or 8% (8%), in billed electricity usage in all sectors, primarily due to the effect of more favorable weather on the residential sector. gross operating revenues, fuel and purchased power expenses, and other regulatory charges (credits) gross operating revenues increased primarily due to an increase of $22 million in power management rider revenue as the result of higher rates, the volume/weather variance discussed above, and an increase in grand gulf rider revenue as a result of higher rates and increased usage, offset by a decrease of $23.5 million in fuel cost recovery revenues due to lower fuel rates. fuel and purchased power expenses decreased primarily due to a decrease in deferred fuel expense as a result of prior over-collections, offset by an increase in the average market price of purchased power coupled with increased net area demand. other regulatory charges increased primarily due to increased recovery of costs associated with the power management recovery rider. other income statement variances 2011 compared to 2010 other operation and maintenance expenses decreased primarily due to: a $5.4 million decrease in compensation and benefits costs primarily resulting from an increase in the accrual for incentive-based compensation in 2010 and a decrease in stock option expense; and the sale of $4.9 million of surplus oil inventory. the decrease was partially offset by an increase of $3.9 million in legal expenses due to the deferral in 2010 of certain litigation expenses in accordance with regulatory treatment. taxes other than income taxes increased primarily due to an increase in ad valorem taxes due to a higher 2011 assessment as compared to 2010, partially offset by higher capitalized property taxes as compared with prior year. depreciation and amortization expenses increased primarily due to an increase in plant in service. interest expense decreased primarily due to a revision caused by ferc 2019s acceptance of a change in the treatment of funds received from independent power producers for transmission interconnection projects.. what was the total increase in the volume/weather segment from 2009 to 2010? 18900000.0 and what is the average of this increase per gwh increased in the billed electricity usage? 18068.83365 in that same period, what was the total change in the net revenue?

18.6

stockholder return performance graphs the following graph compares the cumulative 5-year total stockholder return on our common stock relative to the cumulative total return of the nasdaq composite index and the s&p 400 information technology index. the graph assumes that the value of the investment in our common stock and in each index (including reinvestment of dividends) was $100 on december 29, 2007 and tracks it through december 29, 2012. comparison of 5 year cumulative total return* among cadence design systems, inc., the nasdaq composite index, and s&p 400 information technology cadence design systems, inc. nasdaq composite s&p 400 information technology 12/29/1212/31/111/1/111/2/101/3/0912/29/07 *$100 invested on 12/29/07 in stock or 12/31/07 in index, including reinvestment of dividends. indexes calculated on month-end basis. copyright a9 2013 s&p, a division of the mcgraw-hill companies inc. all rights reserved.. - | 12/29/2007 | 1/3/2009 | 1/2/2010 | 1/1/2011 | 12/31/2011 | 12/29/2012 cadence design systems inc. | 100.00 | 22.55 | 35.17 | 48.50 | 61.07 | 78.92 nasdaq composite | 100.00 | 59.03 | 82.25 | 97.32 | 98.63 | 110.78 s&p 400 information technology | 100.00 | 54.60 | 82.76 | 108.11 | 95.48 | 109.88 the stock price performance included in this graph is not necessarily indicative of future stock price performance. for the five year period ended in 2012, what was the fluctuation of the stockholder return for cadence design systems inc.? -21.08 and what is this fluctuation as a percent of that return in 2007? -0.2108 in that same period, what was that fluctuation for the nasdaq composite? 10.78 and what was this nasdaq composite fluctuation as a percentage of the return of that stock in 2007?

0.1078

entergy texas, inc. and subsidiaries management 2019s financial discussion and analysis results of operations net income 2016 compared to 2015 net income increased $37.9 million primarily due to lower other operation and maintenance expenses, the asset write-off of its receivable associated with the spindletop gas storage facility in 2015, and higher net revenue. 2015 compared to 2014 net income decreased $5.2 million primarily due to the asset write-off of its receivable associated with the spindletop gas storage facility and higher other operation and maintenance expenses, partially offset by higher net revenue and a lower effective tax rate. net revenue 2016 compared to 2015 net revenue consists of operating revenues net of: 1) fuel, fuel-related expenses, and gas purchased for resale, 2) purchased power expenses, and 3) other regulatory charges. following is an analysis of the change in net revenue comparing 2016 to 2015. amount (in millions). - | amount (in millions) 2015 net revenue | $637.2 reserve equalization | 14.3 purchased power capacity | 12.4 transmission revenue | 7.0 retail electric price | 5.4 net wholesale | -27.8 (27.8) other | -4.3 (4.3) 2016 net revenue | $644.2 the reserve equalization variance is primarily due to a reduction in reserve equalization expense primarily due to changes in the entergy system generation mix compared to the same period in 2015 as a result of the execution of a new purchased power agreement and entergy mississippi 2019s exit from the system agreement, each in november 2015, and entergy texas 2019s exit from the system agreement in august 2016. see note 2 to the financial statements for a discussion of the system agreement. the purchased power capacity variance is primarily due to decreased expenses due to the termination of the purchased power agreements between entergy louisiana and entergy texas in august 2016, as well as capacity cost changes for ongoing purchased power capacity contracts. the transmission revenue variance is primarily due to an increase in attachment o rates charged by miso to transmission customers and a settlement of attachment o rates previously billed to transmission customers by miso.. what was the net revenue in 2016 for entergy texas, inc.? 644.2 and what was it in 2015? 637.2 what was, then, the change over the year? 7.0 what was the net revenue in 2015 for entergy texas, inc.?

637.2

the selection and disclosure of our critical accounting estimates have been discussed with our audit committee. the following is a discussion of the more significant assumptions, estimates, accounting policies and methods used in the preparation of our consolidated financial statements: 2022 revenue recognition - we recognize revenue when persuasive evidence of an arrangement exists, delivery of product has occurred, the sales price is fixed or determinable and collectability is reasonably assured. for our company, this means that revenue is recognized when title and risk of loss is transferred to our customers. title transfers to our customers upon shipment or upon receipt at the customer's location as determined by the sales terms for each transaction. the company estimates the cost of sales returns based on historical experience, and these estimates are normally immaterial. 2022 goodwill and non-amortizable intangible assets valuation - we test goodwill and non-amortizable intangible assets for impairment annually or more frequently if events occur that would warrant such review. we perform our annual impairment analysis in the first quarter of each year. while the company has the option to perform a qualitative assessment for both goodwill and non-amortizable intangible assets to determine if it is more likely than not that an impairment exists, the company elects to perform the quantitative assessment for our annual impairment analysis. the impairment analysis involves comparing the fair value of each reporting unit or non-amortizable intangible asset to the carrying value. if the carrying value exceeds the fair value, goodwill or a non-amortizable intangible asset is considered impaired. to determine the fair value of goodwill, we primarily use a discounted cash flow model, supported by the market approach using earnings multiples of comparable global and local companies within the tobacco industry. at december 31, 2015, the carrying value of our goodwill was $7.4 billion, which is related to ten reporting units, each of which is comprised of a group of markets with similar economic characteristics. the estimated fair value of our ten reporting units exceeded the carrying value as of december 31, 2015. to determine the fair value of non-amortizable intangible assets, we primarily use a discounted cash flow model applying the relief-from-royalty method. we concluded that the fair value of our non-amortizable intangible assets exceeded the carrying value, and any reasonable movement in the assumptions would not result in an impairment. these discounted cash flow models include management assumptions relevant for forecasting operating cash flows, which are subject to changes in business conditions, such as volumes and prices, costs to produce, discount rates and estimated capital needs. management considers historical experience and all available information at the time the fair values are estimated, and we believe these assumptions are consistent with the assumptions a hypothetical marketplace participant would use. since the march 28, 2008, spin-off from altria, we have not recorded a charge to earnings for an impairment of goodwill or non-amortizable intangible assets. 2022 marketing and advertising costs - we incur certain costs to support our products through programs which include advertising, marketing, consumer engagement and trade promotions. the costs of our advertising and marketing programs are expensed in accordance with u.s. gaap. recognition of the cost related to our consumer engagement and trade promotion programs contain uncertainties due to the judgment required in estimating the potential performance and compliance for each program. for volume-based incentives provided to customers, management continually assesses and estimates, by customer, the likelihood of the customer achieving the specified targets and records the reduction of revenue as the sales are made. for other trade promotions, management relies on estimated utilization rates that have been developed from historical experience. changes in the assumptions used in estimating the cost of any individual marketing program would not result in a material change in our financial position, results of operations or operating cash flows. we have not made any material changes in the accounting methodology used to estimate our marketing programs during the past three years. 2022 employee benefit plans - as discussed in item 8, note 13. benefit plans to our consolidated financial statements, we provide a range of benefits to our employees and retired employees, including pensions, postretirement health care and postemployment benefits (primarily severance). we record annual amounts relating to these plans based on calculations specified by u.s. gaap. these calculations include various actuarial assumptions, such as discount rates, assumed rates of return on plan assets, compensation increases, mortality, turnover rates and health care cost trend rates. we review actuarial assumptions on an annual basis and make modifications to the assumptions based on current rates and trends when it is deemed appropriate to do so. as permitted by u.s. gaap, any effect of the modifications is generally amortized over future periods. we believe that the assumptions utilized in calculating our obligations under these plans are reasonable based upon our historical experience and advice from our actuaries. weighted-average discount rate assumptions for pensions and postretirement plans are as follows:. - | 2015 | 2014 u.s. pension plans | 4.30% (4.30%) | 3.95% (3.95%) non-u.s. pension plans | 1.68% (1.68%) | 1.92% (1.92%) postretirement plans | 4.45% (4.45%) | 4.20% (4.20%) we anticipate that assumption changes, coupled with decreased amortization of deferred losses, will decrease 2016 pre-tax u.s. and non- u.s. pension and postretirement expense to approximately $209 million as compared with approximately $240 million in 2015, excluding. what is the weighted average discount rate for u.s pension plans in 2015? 4.3 what was the number in 2014? 3.95 what is the difference? 0.35 what is the difference divided by the 2014 value?

0.08861

our debt issuances in 2014 were as follows: (in millions) type face value (e) interest rate issuance maturity euro notes (a) 20ac750 (approximately $1029) 1.875% (1.875%) march 2014 march 2021 euro notes (a) 20ac1000 (approximately $1372) 2.875% (2.875%) march 2014 march 2026 euro notes (b) 20ac500 (approximately $697) 2.875% (2.875%) may 2014 may 2029 swiss franc notes (c) chf275 (approximately $311) 0.750% (0.750%) may 2014 december 2019 swiss franc notes (b) chf250 (approximately $283) 1.625% (1.625%) may 2014 may 2024 u.s. dollar notes (d) $500 1.250% (1.250%) november 2014 november 2017 u.s. dollar notes (d) $750 3.250% (3.250%) november 2014 november 2024 u.s. dollar notes (d) $750 4.250% (4.250%) november 2014 november 2044 (a) interest on these notes is payable annually in arrears beginning in march 2015. (b) interest on these notes is payable annually in arrears beginning in may 2015. (c) interest on these notes is payable annually in arrears beginning in december 2014. (d) interest on these notes is payable semiannually in arrears beginning in may 2015. (e) u.s. dollar equivalents for foreign currency notes were calculated based on exchange rates on the date of issuance. the net proceeds from the sale of the securities listed in the table above will be used for general corporate purposes. the weighted-average time to maturity of our long-term debt was 10.8 years at the end of 2013 and 2014. 2022 off-balance sheet arrangements and aggregate contractual obligations we have no off-balance sheet arrangements, including special purpose entities, other than guarantees and contractual obligations discussed below. guarantees 2013 at december 31, 2014, we were contingently liable for $1.0 billion of guarantees of our own performance, which were primarily related to excise taxes on the shipment of our products. there is no liability in the consolidated financial statements associated with these guarantees. at december 31, 2014, our third-party guarantees were insignificant.. type | - | face value (e) | interest rate | issuance | maturity euro notes | (a) | 20ac750 (approximately $1029) | 1.875% (1.875%) | march 2014 | march 2021 euro notes | (a) | 20ac1000 (approximately $1372) | 2.875% (2.875%) | march 2014 | march 2026 euro notes | (b) | 20ac500 (approximately $697) | 2.875% (2.875%) | may 2014 | may 2029 swiss franc notes | (c) | chf275 (approximately $311) | 0.750% (0.750%) | may 2014 | december 2019 swiss franc notes | (b) | chf250 (approximately $283) | 1.625% (1.625%) | may 2014 | may 2024 u.s. dollar notes | (d) | $500 | 1.250% (1.250%) | november 2014 | november 2017 u.s. dollar notes | (d) | $750 | 3.250% (3.250%) | november 2014 | november 2024 u.s. dollar notes | (d) | $750 | 4.250% (4.250%) | november 2014 | november 2044 our debt issuances in 2014 were as follows: (in millions) type face value (e) interest rate issuance maturity euro notes (a) 20ac750 (approximately $1029) 1.875% (1.875%) march 2014 march 2021 euro notes (a) 20ac1000 (approximately $1372) 2.875% (2.875%) march 2014 march 2026 euro notes (b) 20ac500 (approximately $697) 2.875% (2.875%) may 2014 may 2029 swiss franc notes (c) chf275 (approximately $311) 0.750% (0.750%) may 2014 december 2019 swiss franc notes (b) chf250 (approximately $283) 1.625% (1.625%) may 2014 may 2024 u.s. dollar notes (d) $500 1.250% (1.250%) november 2014 november 2017 u.s. dollar notes (d) $750 3.250% (3.250%) november 2014 november 2024 u.s. dollar notes (d) $750 4.250% (4.250%) november 2014 november 2044 (a) interest on these notes is payable annually in arrears beginning in march 2015. (b) interest on these notes is payable annually in arrears beginning in may 2015. (c) interest on these notes is payable annually in arrears beginning in december 2014. (d) interest on these notes is payable semiannually in arrears beginning in may 2015. (e) u.s. dollar equivalents for foreign currency notes were calculated based on exchange rates on the date of issuance. the net proceeds from the sale of the securities listed in the table above will be used for general corporate purposes. the weighted-average time to maturity of our long-term debt was 10.8 years at the end of 2013 and 2014. 2022 off-balance sheet arrangements and aggregate contractual obligations we have no off-balance sheet arrangements, including special purpose entities, other than guarantees and contractual obligations discussed below. guarantees 2013 at december 31, 2014, we were contingently liable for $1.0 billion of guarantees of our own performance, which were primarily related to excise taxes on the shipment of our products. there is no liability in the consolidated financial statements associated with these guarantees. at december 31, 2014, our third-party guarantees were insignificant.. what was the total of u.s. dollar notes issued in 2014 and that matured in either 2024 or 2044, in millions? 1500.0 including the u.s. dollar notes that matured in 2017, what then becomes that total, in millions?

2000.0

marathon oil corporation notes to consolidated financial statements of the $446 million present value of net minimum capital lease payments, $53 million was related to obligations assumed by united states steel under the financial matters agreement. operating lease rental expense was: (in millions) 2009 2008 2007 minimum rental (a) $238 $245 $209. (in millions) | 2009 | 2008 | 2007 minimum rental (a) | $238 | $245 | $209 contingent rental | 19 | 22 | 33 net rental expense | $257 | $267 | $242 (a) excludes $3 million, $5 million and $8 million paid by united states steel in 2009, 2008 and 2007 on assumed leases. 26. commitments and contingencies we are the subject of, or party to, a number of pending or threatened legal actions, contingencies and commitments involving a variety of matters, including laws and regulations relating to the environment. certain of these matters are discussed below. the ultimate resolution of these contingencies could, individually or in the aggregate, be material to our consolidated financial statements. however, management believes that we will remain a viable and competitive enterprise even though it is possible that these contingencies could be resolved unfavorably. environmental matters 2013 we are subject to federal, state, local and foreign laws and regulations relating to the environment. these laws generally provide for control of pollutants released into the environment and require responsible parties to undertake remediation of hazardous waste disposal sites. penalties may be imposed for noncompliance. at december 31, 2009 and 2008, accrued liabilities for remediation totaled $116 million and $111 million. it is not presently possible to estimate the ultimate amount of all remediation costs that might be incurred or the penalties that may be imposed. receivables for recoverable costs from certain states, under programs to assist companies in clean-up efforts related to underground storage tanks at retail marketing outlets, were $59 and $60 million at december 31, 2009 and 2008. legal cases 2013 we, along with other refining companies, settled a number of lawsuits pertaining to methyl tertiary-butyl ether (201cmtbe 201d) in 2008. presently, we are a defendant, along with other refining companies, in 27 cases arising in four states alleging damages for mtbe contamination. like the cases that we settled in 2008, 12 of the remaining cases are consolidated in a multi-district litigation (201cmdl 201d) in the southern district of new york for pretrial proceedings. the other 15 cases are in new york state courts (nassau and suffolk counties). plaintiffs in 26 of the 27 cases allege damages to water supply wells from contamination of groundwater by mtbe, similar to the damages claimed in the cases settled in 2008. in the remaining case, the new jersey department of environmental protection is seeking the cost of remediating mtbe contamination and natural resources damages allegedly resulting from contamination of groundwater by mtbe. we are vigorously defending these cases. we have engaged in settlement discussions related to the majority of these cases. we do not expect our share of liability for these cases to significantly impact our consolidated results of operations, financial position or cash flows. we voluntarily discontinued producing mtbe in 2002. we are currently a party to one qui tam case, which alleges that marathon and other defendants violated the false claims act with respect to the reporting and payment of royalties on natural gas and natural gas liquids for federal and indian leases. a qui tam action is an action in which the relator files suit on behalf of himself as well as the federal government. the case currently pending is u.s. ex rel harrold e. wright v. agip petroleum co. et al. it is primarily a gas valuation case. marathon has reached a settlement with the relator and the doj which will be finalized after the indian tribes review and approve the settlement terms. such settlement is not expected to significantly impact our consolidated results of operations, financial position or cash flows. guarantees 2013 we have provided certain guarantees, direct and indirect, of the indebtedness of other companies. under the terms of most of these guarantee arrangements, we would be required to perform should the guaranteed party fail to fulfill its obligations under the specified arrangements. in addition to these financial guarantees, we also have various performance guarantees related to specific agreements.. what is the net rental expense in 2009? 257.0 what about in 2007? 242.0 what is the net change? 15.0 what percentage change does this represent?

0.06198