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convfinqa8000 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: products and software , as well as ongoing investment in next-generation technologies , partially offset by savings from cost-reduction initiatives . reorganization of business charges increased due to employee severance costs and expenses related to the exit of a facility . sg&a expenses decreased , primarily due to lower marketing expenses and savings from cost-reduction initiatives , partially offset by increased expenditures on information technology upgrades . as a percentage of net sales in 2007 as compared to 2006 , gross margin and operating margin decreased , and sg&a expenses and r&d expenditures increased . the segment 2019s backlog was $ 647 million at december 31 , 2007 , compared to $ 1.4 billion at december 31 , 2006 . this decrease in backlog was primarily due to a decline in customer demand driven by the segment 2019s limited product portfolio . the segment shipped 159.1 million units in 2007 , a 27% ( 27 % ) decrease compared to shipments of 217.4 million units in 2006 . the overall decrease reflects decreased unit shipments of products for all technologies . for the full year 2007 , unit shipments : ( i ) decreased substantially in asia and emea , ( ii ) decreased in north america , and ( iii ) increased in latin america . although unit shipments by the segment decreased in 2007 , total unit shipments in the worldwide handset market increased by approximately 16% ( 16 % ) . the segment estimates its worldwide market share was approximately 14% ( 14 % ) for the full year 2007 , a decrease of approximately 8 percentage points versus full year 2006 . in 2007 , asp decreased approximately 9% ( 9 % ) compared to 2006 . the overall decrease in asp was driven primarily by changes in the product-tier and geographic mix of sales . by comparison , asp decreased approximately 11% ( 11 % ) in 2006 and 10% ( 10 % ) in 2005 . the segment has several large customers located throughout the world . in 2007 , aggregate net sales to the segment 2019s five largest customers accounted for approximately 42% ( 42 % ) of the segment 2019s net sales . besides selling directly to carriers and operators , the segment also sells products through a variety of third-party distributors and retailers , which account for approximately 33% ( 33 % ) of the segment 2019s net sales . the largest of these distributors was brightstar corporation . although the u.s . market continued to be the segment 2019s largest individual market , many of our customers , and more than 54% ( 54 % ) of our segment 2019s 2007 net sales , were outside the u.s . the largest of these international markets were brazil , china and mexico . home and networks mobility segment the home and networks mobility segment designs , manufactures , sells , installs and services : ( i ) digital video , internet protocol video and broadcast network interactive set-tops , end-to-end video delivery systems , broadband access infrastructure platforms , and associated data and voice customer premise equipment to cable television and telecom service providers ( collectively , referred to as the 201chome business 201d ) , and ( ii ) wireless access systems , including cellular infrastructure systems and wireless broadband systems , to wireless service providers ( collectively , referred to as the 201cnetwork business 201d ) . in 2008 , the segment 2019s net sales represented 33% ( 33 % ) of the company 2019s consolidated net sales , compared to 27% ( 27 % ) in 2007 and 21% ( 21 % ) in 2006 . ( dollars in millions ) 2008 2007 2006 2008 20142007 2007 20142006 years ended december 31 percent change . <table class='wikitable'><tr><td>1</td><td>( dollars in millions )</td><td>years ended december 31 2008</td><td>years ended december 31 2007</td><td>years ended december 31 2006</td><td>years ended december 31 2008 20142007</td><td>2007 20142006</td></tr><tr><td>2</td><td>segment net sales</td><td>$ 10086</td><td>$ 10014</td><td>$ 9164</td><td>1% ( 1 % )</td><td>9% ( 9 % )</td></tr><tr><td>3</td><td>operating earnings</td><td>918</td><td>709</td><td>787</td><td>29% ( 29 % )</td><td>( 10 ) % ( % )</td></tr></table> segment results 20142008 compared to 2007 in 2008 , the segment 2019s net sales increased 1% ( 1 % ) to $ 10.1 billion , compared to $ 10.0 billion in 2007 . the 1% ( 1 % ) increase in net sales primarily reflects a 16% ( 16 % ) increase in net sales in the home business , partially offset by an 11% ( 11 % ) decrease in net sales in the networks business . the 16% ( 16 % ) increase in net sales in the home business is primarily driven by a 17% ( 17 % ) increase in net sales of digital entertainment devices , reflecting a 19% ( 19 % ) increase in unit shipments to 18.0 million units , partially offset by lower asp due to product mix shift and pricing pressure . the 11% ( 11 % ) decrease in net sales in the networks business was primarily driven by : ( i ) the absence of net sales by the embedded communication computing group ( 201cecc 201d ) that was divested at the end of 2007 , and ( ii ) lower net sales of iden , gsm and cdma infrastructure equipment , partially offset by higher net sales of umts infrastructure equipment . on a geographic basis , the 1% ( 1 % ) increase in net sales was primarily driven by higher net sales in latin america and asia , partially offset by lower net sales in north america . the increase in net sales in latin america was 63management 2019s discussion and analysis of financial condition and results of operations %%transmsg*** transmitting job : c49054 pcn : 066000000 ***%%pcmsg|63 |00024|yes|no|02/24/2009 12:31|0|0|page is valid , no graphics -- color : n| .
Conversations:
q0: what was the average segment sales in 2008? 10086.0
q1: what was the average segment sales in 2007? 10014.0
q2: what is the sum? 20100.0
q3: what was the average segment sales in 2006? 10086.0
Question: what now is the sum?
Answer: | 30186.0 | 4 | 2,186 |
convfinqa8001 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: products and software , as well as ongoing investment in next-generation technologies , partially offset by savings from cost-reduction initiatives . reorganization of business charges increased due to employee severance costs and expenses related to the exit of a facility . sg&a expenses decreased , primarily due to lower marketing expenses and savings from cost-reduction initiatives , partially offset by increased expenditures on information technology upgrades . as a percentage of net sales in 2007 as compared to 2006 , gross margin and operating margin decreased , and sg&a expenses and r&d expenditures increased . the segment 2019s backlog was $ 647 million at december 31 , 2007 , compared to $ 1.4 billion at december 31 , 2006 . this decrease in backlog was primarily due to a decline in customer demand driven by the segment 2019s limited product portfolio . the segment shipped 159.1 million units in 2007 , a 27% ( 27 % ) decrease compared to shipments of 217.4 million units in 2006 . the overall decrease reflects decreased unit shipments of products for all technologies . for the full year 2007 , unit shipments : ( i ) decreased substantially in asia and emea , ( ii ) decreased in north america , and ( iii ) increased in latin america . although unit shipments by the segment decreased in 2007 , total unit shipments in the worldwide handset market increased by approximately 16% ( 16 % ) . the segment estimates its worldwide market share was approximately 14% ( 14 % ) for the full year 2007 , a decrease of approximately 8 percentage points versus full year 2006 . in 2007 , asp decreased approximately 9% ( 9 % ) compared to 2006 . the overall decrease in asp was driven primarily by changes in the product-tier and geographic mix of sales . by comparison , asp decreased approximately 11% ( 11 % ) in 2006 and 10% ( 10 % ) in 2005 . the segment has several large customers located throughout the world . in 2007 , aggregate net sales to the segment 2019s five largest customers accounted for approximately 42% ( 42 % ) of the segment 2019s net sales . besides selling directly to carriers and operators , the segment also sells products through a variety of third-party distributors and retailers , which account for approximately 33% ( 33 % ) of the segment 2019s net sales . the largest of these distributors was brightstar corporation . although the u.s . market continued to be the segment 2019s largest individual market , many of our customers , and more than 54% ( 54 % ) of our segment 2019s 2007 net sales , were outside the u.s . the largest of these international markets were brazil , china and mexico . home and networks mobility segment the home and networks mobility segment designs , manufactures , sells , installs and services : ( i ) digital video , internet protocol video and broadcast network interactive set-tops , end-to-end video delivery systems , broadband access infrastructure platforms , and associated data and voice customer premise equipment to cable television and telecom service providers ( collectively , referred to as the 201chome business 201d ) , and ( ii ) wireless access systems , including cellular infrastructure systems and wireless broadband systems , to wireless service providers ( collectively , referred to as the 201cnetwork business 201d ) . in 2008 , the segment 2019s net sales represented 33% ( 33 % ) of the company 2019s consolidated net sales , compared to 27% ( 27 % ) in 2007 and 21% ( 21 % ) in 2006 . ( dollars in millions ) 2008 2007 2006 2008 20142007 2007 20142006 years ended december 31 percent change . <table class='wikitable'><tr><td>1</td><td>( dollars in millions )</td><td>years ended december 31 2008</td><td>years ended december 31 2007</td><td>years ended december 31 2006</td><td>years ended december 31 2008 20142007</td><td>2007 20142006</td></tr><tr><td>2</td><td>segment net sales</td><td>$ 10086</td><td>$ 10014</td><td>$ 9164</td><td>1% ( 1 % )</td><td>9% ( 9 % )</td></tr><tr><td>3</td><td>operating earnings</td><td>918</td><td>709</td><td>787</td><td>29% ( 29 % )</td><td>( 10 ) % ( % )</td></tr></table> segment results 20142008 compared to 2007 in 2008 , the segment 2019s net sales increased 1% ( 1 % ) to $ 10.1 billion , compared to $ 10.0 billion in 2007 . the 1% ( 1 % ) increase in net sales primarily reflects a 16% ( 16 % ) increase in net sales in the home business , partially offset by an 11% ( 11 % ) decrease in net sales in the networks business . the 16% ( 16 % ) increase in net sales in the home business is primarily driven by a 17% ( 17 % ) increase in net sales of digital entertainment devices , reflecting a 19% ( 19 % ) increase in unit shipments to 18.0 million units , partially offset by lower asp due to product mix shift and pricing pressure . the 11% ( 11 % ) decrease in net sales in the networks business was primarily driven by : ( i ) the absence of net sales by the embedded communication computing group ( 201cecc 201d ) that was divested at the end of 2007 , and ( ii ) lower net sales of iden , gsm and cdma infrastructure equipment , partially offset by higher net sales of umts infrastructure equipment . on a geographic basis , the 1% ( 1 % ) increase in net sales was primarily driven by higher net sales in latin america and asia , partially offset by lower net sales in north america . the increase in net sales in latin america was 63management 2019s discussion and analysis of financial condition and results of operations %%transmsg*** transmitting job : c49054 pcn : 066000000 ***%%pcmsg|63 |00024|yes|no|02/24/2009 12:31|0|0|page is valid , no graphics -- color : n| .
Conversations:
q0: what was the average segment sales in 2008? 10086.0
q1: what was the average segment sales in 2007? 10014.0
q2: what is the sum? 20100.0
q3: what was the average segment sales in 2006? 10086.0
q4: what now is the sum? 30186.0
Question: what is the average per year?
Answer: | 10062.0 | 5 | 2,186 |
convfinqa8002 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: note 21 . expenses during the fourth quarter of 2008 , we elected to provide support to certain investment accounts managed by ssga through the purchase of asset- and mortgage-backed securities and a cash infusion , which resulted in a charge of $ 450 million . ssga manages certain investment accounts , offered to retirement plans , that allow participants to purchase and redeem units at a constant net asset value regardless of volatility in the underlying value of the assets held by the account . the accounts enter into contractual arrangements with independent third-party financial institutions that agree to make up any shortfall in the account if all the units are redeemed at the constant net asset value . the financial institutions have the right , under certain circumstances , to terminate this guarantee with respect to future investments in the account . during 2008 , the liquidity and pricing issues in the fixed-income markets adversely affected the market value of the securities in these accounts to the point that the third-party guarantors considered terminating their financial guarantees with the accounts . although we were not statutorily or contractually obligated to do so , we elected to purchase approximately $ 2.49 billion of asset- and mortgage-backed securities from these accounts that had been identified as presenting increased risk in the current market environment and to contribute an aggregate of $ 450 million to the accounts to improve the ratio of the market value of the accounts 2019 portfolio holdings to the book value of the accounts . we have no ongoing commitment or intent to provide support to these accounts . the securities are carried in investment securities available for sale in our consolidated statement of condition . the components of other expenses were as follows for the years ended december 31: . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>customer indemnification obligation</td><td>$ 200</td><td></td><td></td></tr><tr><td>3</td><td>securities processing</td><td>187</td><td>$ 79</td><td>$ 37</td></tr><tr><td>4</td><td>other</td><td>505</td><td>399</td><td>281</td></tr><tr><td>5</td><td>total other expenses</td><td>$ 892</td><td>$ 478</td><td>$ 318</td></tr></table> in september and october 2008 , lehman brothers holdings inc. , or lehman brothers , and certain of its affiliates filed for bankruptcy or other insolvency proceedings . while we had no unsecured financial exposure to lehman brothers or its affiliates , we indemnified certain customers in connection with these and other collateralized repurchase agreements with lehman brothers entities . in the then current market environment , the market value of the underlying collateral had declined . during the third quarter of 2008 , to the extent these declines resulted in collateral value falling below the indemnification obligation , we recorded a reserve to provide for our estimated net exposure . the reserve , which totaled $ 200 million , was based on the cost of satisfying the indemnification obligation net of the fair value of the collateral , which we purchased during the fourth quarter of 2008 . the collateral , composed of commercial real estate loans which are discussed in note 5 , is recorded in loans and leases in our consolidated statement of condition. .
Conversations:
Question: what was the difference in securities processing between 2006 and 2008?
Answer: | 150.0 | 0 | 2,187 |
convfinqa8003 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: note 21 . expenses during the fourth quarter of 2008 , we elected to provide support to certain investment accounts managed by ssga through the purchase of asset- and mortgage-backed securities and a cash infusion , which resulted in a charge of $ 450 million . ssga manages certain investment accounts , offered to retirement plans , that allow participants to purchase and redeem units at a constant net asset value regardless of volatility in the underlying value of the assets held by the account . the accounts enter into contractual arrangements with independent third-party financial institutions that agree to make up any shortfall in the account if all the units are redeemed at the constant net asset value . the financial institutions have the right , under certain circumstances , to terminate this guarantee with respect to future investments in the account . during 2008 , the liquidity and pricing issues in the fixed-income markets adversely affected the market value of the securities in these accounts to the point that the third-party guarantors considered terminating their financial guarantees with the accounts . although we were not statutorily or contractually obligated to do so , we elected to purchase approximately $ 2.49 billion of asset- and mortgage-backed securities from these accounts that had been identified as presenting increased risk in the current market environment and to contribute an aggregate of $ 450 million to the accounts to improve the ratio of the market value of the accounts 2019 portfolio holdings to the book value of the accounts . we have no ongoing commitment or intent to provide support to these accounts . the securities are carried in investment securities available for sale in our consolidated statement of condition . the components of other expenses were as follows for the years ended december 31: . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>customer indemnification obligation</td><td>$ 200</td><td></td><td></td></tr><tr><td>3</td><td>securities processing</td><td>187</td><td>$ 79</td><td>$ 37</td></tr><tr><td>4</td><td>other</td><td>505</td><td>399</td><td>281</td></tr><tr><td>5</td><td>total other expenses</td><td>$ 892</td><td>$ 478</td><td>$ 318</td></tr></table> in september and october 2008 , lehman brothers holdings inc. , or lehman brothers , and certain of its affiliates filed for bankruptcy or other insolvency proceedings . while we had no unsecured financial exposure to lehman brothers or its affiliates , we indemnified certain customers in connection with these and other collateralized repurchase agreements with lehman brothers entities . in the then current market environment , the market value of the underlying collateral had declined . during the third quarter of 2008 , to the extent these declines resulted in collateral value falling below the indemnification obligation , we recorded a reserve to provide for our estimated net exposure . the reserve , which totaled $ 200 million , was based on the cost of satisfying the indemnification obligation net of the fair value of the collateral , which we purchased during the fourth quarter of 2008 . the collateral , composed of commercial real estate loans which are discussed in note 5 , is recorded in loans and leases in our consolidated statement of condition. .
Conversations:
q0: what was the difference in securities processing between 2006 and 2008? 150.0
Question: and the specific value for 2006?
Answer: | 37.0 | 1 | 2,187 |
convfinqa8004 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: note 21 . expenses during the fourth quarter of 2008 , we elected to provide support to certain investment accounts managed by ssga through the purchase of asset- and mortgage-backed securities and a cash infusion , which resulted in a charge of $ 450 million . ssga manages certain investment accounts , offered to retirement plans , that allow participants to purchase and redeem units at a constant net asset value regardless of volatility in the underlying value of the assets held by the account . the accounts enter into contractual arrangements with independent third-party financial institutions that agree to make up any shortfall in the account if all the units are redeemed at the constant net asset value . the financial institutions have the right , under certain circumstances , to terminate this guarantee with respect to future investments in the account . during 2008 , the liquidity and pricing issues in the fixed-income markets adversely affected the market value of the securities in these accounts to the point that the third-party guarantors considered terminating their financial guarantees with the accounts . although we were not statutorily or contractually obligated to do so , we elected to purchase approximately $ 2.49 billion of asset- and mortgage-backed securities from these accounts that had been identified as presenting increased risk in the current market environment and to contribute an aggregate of $ 450 million to the accounts to improve the ratio of the market value of the accounts 2019 portfolio holdings to the book value of the accounts . we have no ongoing commitment or intent to provide support to these accounts . the securities are carried in investment securities available for sale in our consolidated statement of condition . the components of other expenses were as follows for the years ended december 31: . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>customer indemnification obligation</td><td>$ 200</td><td></td><td></td></tr><tr><td>3</td><td>securities processing</td><td>187</td><td>$ 79</td><td>$ 37</td></tr><tr><td>4</td><td>other</td><td>505</td><td>399</td><td>281</td></tr><tr><td>5</td><td>total other expenses</td><td>$ 892</td><td>$ 478</td><td>$ 318</td></tr></table> in september and october 2008 , lehman brothers holdings inc. , or lehman brothers , and certain of its affiliates filed for bankruptcy or other insolvency proceedings . while we had no unsecured financial exposure to lehman brothers or its affiliates , we indemnified certain customers in connection with these and other collateralized repurchase agreements with lehman brothers entities . in the then current market environment , the market value of the underlying collateral had declined . during the third quarter of 2008 , to the extent these declines resulted in collateral value falling below the indemnification obligation , we recorded a reserve to provide for our estimated net exposure . the reserve , which totaled $ 200 million , was based on the cost of satisfying the indemnification obligation net of the fair value of the collateral , which we purchased during the fourth quarter of 2008 . the collateral , composed of commercial real estate loans which are discussed in note 5 , is recorded in loans and leases in our consolidated statement of condition. .
Conversations:
q0: what was the difference in securities processing between 2006 and 2008? 150.0
q1: and the specific value for 2006? 37.0
Question: so what was the percentage increase during this time?
Answer: | 4.05405 | 2 | 2,187 |
convfinqa8005 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: 5 . stock based compensation overview maa accounts for its stock based employee compensation plans in accordance with accounting standards governing stock based compensation . these standards require an entity to measure the cost of employee services received in exchange for an award of an equity instrument based on the award's fair value on the grant date and recognize the cost over the period during which the employee is required to provide service in exchange for the award , which is generally the vesting period . any liability awards issued are remeasured at each reporting period . maa 2019s stock compensation plans consist of a number of incentives provided to attract and retain independent directors , executive officers and key employees . incentives are currently granted under the second amended and restated 2013 stock incentive plan , or the stock plan , which was approved at the 2018 annual meeting of maa shareholders . the stock plan allows for the grant of restricted stock and stock options up to 2000000 shares . maa believes that such awards better align the interests of its employees with those of its shareholders . compensation expense is generally recognized for service based restricted stock awards using the straight-line method over the vesting period of the shares regardless of cliff or ratable vesting distinctions . compensation expense for market and performance based restricted stock awards is generally recognized using the accelerated amortization method with each vesting tranche valued as a separate award , with a separate vesting date , consistent with the estimated value of the award at each period end . additionally , compensation expense is adjusted for actual forfeitures for all awards in the period that the award was forfeited . compensation expense for stock options is generally recognized on a straight-line basis over the requisite service period . maa presents stock compensation expense in the consolidated statements of operations in "general and administrative expenses" . total compensation expense under the stock plan was $ 12.9 million , $ 10.8 million and $ 12.2 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively . of these amounts , total compensation expense capitalized was $ 0.5 million , $ 0.2 million and $ 0.7 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively . as of december 31 , 2018 , the total unrecognized compensation expense was $ 13.5 million . this cost is expected to be recognized over the remaining weighted average period of 1.1 years . total cash paid for the settlement of plan shares totaled $ 2.9 million , $ 4.8 million and $ 2.0 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively . information concerning grants under the stock plan is provided below . restricted stock in general , restricted stock is earned based on either a service condition , performance condition , or market condition , or a combination thereof , and generally vests ratably over a period from 1 year to 5 years . service based awards are earned when the employee remains employed over the requisite service period and are valued on the grant date based upon the market price of maa common stock on the date of grant . market based awards are earned when maa reaches a specified stock price or specified return on the stock price ( price appreciation plus dividends ) and are valued on the grant date using a monte carlo simulation . performance based awards are earned when maa reaches certain operational goals such as funds from operations , or ffo , targets and are valued based upon the market price of maa common stock on the date of grant as well as the probability of reaching the stated targets . maa remeasures the fair value of the performance based awards each balance sheet date with adjustments made on a cumulative basis until the award is settled and the final compensation is known . the weighted average grant date fair value per share of restricted stock awards granted during the years ended december 31 , 2018 , 2017 and 2016 , was $ 71.85 , $ 84.53 and $ 73.20 , respectively . the following is a summary of the key assumptions used in the valuation calculations for market based awards granted during the years ended december 31 , 2018 , 2017 and 2016: . <table class='wikitable'><tr><td>1</td><td></td><td>2018</td><td>2017</td><td>2016</td></tr><tr><td>2</td><td>risk free rate</td><td>1.61% ( 1.61 % ) - 2.14% ( 2.14 % )</td><td>0.65% ( 0.65 % ) - 1.57% ( 1.57 % )</td><td>0.49% ( 0.49 % ) - 1.27% ( 1.27 % )</td></tr><tr><td>3</td><td>dividend yield</td><td>3.884% ( 3.884 % )</td><td>3.573% ( 3.573 % )</td><td>3.634% ( 3.634 % )</td></tr><tr><td>4</td><td>volatility</td><td>15.05% ( 15.05 % ) - 17.18% ( 17.18 % )</td><td>20.43% ( 20.43 % ) - 21.85% ( 21.85 % )</td><td>18.41% ( 18.41 % ) - 19.45% ( 19.45 % )</td></tr><tr><td>5</td><td>requisite service period</td><td>3 years</td><td>3 years</td><td>3 years</td></tr></table> the risk free rate was based on a zero coupon risk-free rate . the minimum risk free rate was based on a period of 0.25 years for the years ended december 31 , 2018 , 2017 and 2016 . the maximum risk free rate was based on a period of 3 years for the years ended december 31 , 2018 , 2017 and 2016 . the dividend yield was based on the closing stock price of maa stock on the .
Conversations:
Question: what was the change in the dividend yield from 2017 to 2018?
Answer: | 0.311 | 0 | 2,188 |
convfinqa8006 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: 5 . stock based compensation overview maa accounts for its stock based employee compensation plans in accordance with accounting standards governing stock based compensation . these standards require an entity to measure the cost of employee services received in exchange for an award of an equity instrument based on the award's fair value on the grant date and recognize the cost over the period during which the employee is required to provide service in exchange for the award , which is generally the vesting period . any liability awards issued are remeasured at each reporting period . maa 2019s stock compensation plans consist of a number of incentives provided to attract and retain independent directors , executive officers and key employees . incentives are currently granted under the second amended and restated 2013 stock incentive plan , or the stock plan , which was approved at the 2018 annual meeting of maa shareholders . the stock plan allows for the grant of restricted stock and stock options up to 2000000 shares . maa believes that such awards better align the interests of its employees with those of its shareholders . compensation expense is generally recognized for service based restricted stock awards using the straight-line method over the vesting period of the shares regardless of cliff or ratable vesting distinctions . compensation expense for market and performance based restricted stock awards is generally recognized using the accelerated amortization method with each vesting tranche valued as a separate award , with a separate vesting date , consistent with the estimated value of the award at each period end . additionally , compensation expense is adjusted for actual forfeitures for all awards in the period that the award was forfeited . compensation expense for stock options is generally recognized on a straight-line basis over the requisite service period . maa presents stock compensation expense in the consolidated statements of operations in "general and administrative expenses" . total compensation expense under the stock plan was $ 12.9 million , $ 10.8 million and $ 12.2 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively . of these amounts , total compensation expense capitalized was $ 0.5 million , $ 0.2 million and $ 0.7 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively . as of december 31 , 2018 , the total unrecognized compensation expense was $ 13.5 million . this cost is expected to be recognized over the remaining weighted average period of 1.1 years . total cash paid for the settlement of plan shares totaled $ 2.9 million , $ 4.8 million and $ 2.0 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively . information concerning grants under the stock plan is provided below . restricted stock in general , restricted stock is earned based on either a service condition , performance condition , or market condition , or a combination thereof , and generally vests ratably over a period from 1 year to 5 years . service based awards are earned when the employee remains employed over the requisite service period and are valued on the grant date based upon the market price of maa common stock on the date of grant . market based awards are earned when maa reaches a specified stock price or specified return on the stock price ( price appreciation plus dividends ) and are valued on the grant date using a monte carlo simulation . performance based awards are earned when maa reaches certain operational goals such as funds from operations , or ffo , targets and are valued based upon the market price of maa common stock on the date of grant as well as the probability of reaching the stated targets . maa remeasures the fair value of the performance based awards each balance sheet date with adjustments made on a cumulative basis until the award is settled and the final compensation is known . the weighted average grant date fair value per share of restricted stock awards granted during the years ended december 31 , 2018 , 2017 and 2016 , was $ 71.85 , $ 84.53 and $ 73.20 , respectively . the following is a summary of the key assumptions used in the valuation calculations for market based awards granted during the years ended december 31 , 2018 , 2017 and 2016: . <table class='wikitable'><tr><td>1</td><td></td><td>2018</td><td>2017</td><td>2016</td></tr><tr><td>2</td><td>risk free rate</td><td>1.61% ( 1.61 % ) - 2.14% ( 2.14 % )</td><td>0.65% ( 0.65 % ) - 1.57% ( 1.57 % )</td><td>0.49% ( 0.49 % ) - 1.27% ( 1.27 % )</td></tr><tr><td>3</td><td>dividend yield</td><td>3.884% ( 3.884 % )</td><td>3.573% ( 3.573 % )</td><td>3.634% ( 3.634 % )</td></tr><tr><td>4</td><td>volatility</td><td>15.05% ( 15.05 % ) - 17.18% ( 17.18 % )</td><td>20.43% ( 20.43 % ) - 21.85% ( 21.85 % )</td><td>18.41% ( 18.41 % ) - 19.45% ( 19.45 % )</td></tr><tr><td>5</td><td>requisite service period</td><td>3 years</td><td>3 years</td><td>3 years</td></tr></table> the risk free rate was based on a zero coupon risk-free rate . the minimum risk free rate was based on a period of 0.25 years for the years ended december 31 , 2018 , 2017 and 2016 . the maximum risk free rate was based on a period of 3 years for the years ended december 31 , 2018 , 2017 and 2016 . the dividend yield was based on the closing stock price of maa stock on the .
Conversations:
q0: what was the change in the dividend yield from 2017 to 2018? 0.311
Question: and what was that dividend yield in 2017?
Answer: | 3.573 | 1 | 2,188 |
convfinqa8007 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: 5 . stock based compensation overview maa accounts for its stock based employee compensation plans in accordance with accounting standards governing stock based compensation . these standards require an entity to measure the cost of employee services received in exchange for an award of an equity instrument based on the award's fair value on the grant date and recognize the cost over the period during which the employee is required to provide service in exchange for the award , which is generally the vesting period . any liability awards issued are remeasured at each reporting period . maa 2019s stock compensation plans consist of a number of incentives provided to attract and retain independent directors , executive officers and key employees . incentives are currently granted under the second amended and restated 2013 stock incentive plan , or the stock plan , which was approved at the 2018 annual meeting of maa shareholders . the stock plan allows for the grant of restricted stock and stock options up to 2000000 shares . maa believes that such awards better align the interests of its employees with those of its shareholders . compensation expense is generally recognized for service based restricted stock awards using the straight-line method over the vesting period of the shares regardless of cliff or ratable vesting distinctions . compensation expense for market and performance based restricted stock awards is generally recognized using the accelerated amortization method with each vesting tranche valued as a separate award , with a separate vesting date , consistent with the estimated value of the award at each period end . additionally , compensation expense is adjusted for actual forfeitures for all awards in the period that the award was forfeited . compensation expense for stock options is generally recognized on a straight-line basis over the requisite service period . maa presents stock compensation expense in the consolidated statements of operations in "general and administrative expenses" . total compensation expense under the stock plan was $ 12.9 million , $ 10.8 million and $ 12.2 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively . of these amounts , total compensation expense capitalized was $ 0.5 million , $ 0.2 million and $ 0.7 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively . as of december 31 , 2018 , the total unrecognized compensation expense was $ 13.5 million . this cost is expected to be recognized over the remaining weighted average period of 1.1 years . total cash paid for the settlement of plan shares totaled $ 2.9 million , $ 4.8 million and $ 2.0 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively . information concerning grants under the stock plan is provided below . restricted stock in general , restricted stock is earned based on either a service condition , performance condition , or market condition , or a combination thereof , and generally vests ratably over a period from 1 year to 5 years . service based awards are earned when the employee remains employed over the requisite service period and are valued on the grant date based upon the market price of maa common stock on the date of grant . market based awards are earned when maa reaches a specified stock price or specified return on the stock price ( price appreciation plus dividends ) and are valued on the grant date using a monte carlo simulation . performance based awards are earned when maa reaches certain operational goals such as funds from operations , or ffo , targets and are valued based upon the market price of maa common stock on the date of grant as well as the probability of reaching the stated targets . maa remeasures the fair value of the performance based awards each balance sheet date with adjustments made on a cumulative basis until the award is settled and the final compensation is known . the weighted average grant date fair value per share of restricted stock awards granted during the years ended december 31 , 2018 , 2017 and 2016 , was $ 71.85 , $ 84.53 and $ 73.20 , respectively . the following is a summary of the key assumptions used in the valuation calculations for market based awards granted during the years ended december 31 , 2018 , 2017 and 2016: . <table class='wikitable'><tr><td>1</td><td></td><td>2018</td><td>2017</td><td>2016</td></tr><tr><td>2</td><td>risk free rate</td><td>1.61% ( 1.61 % ) - 2.14% ( 2.14 % )</td><td>0.65% ( 0.65 % ) - 1.57% ( 1.57 % )</td><td>0.49% ( 0.49 % ) - 1.27% ( 1.27 % )</td></tr><tr><td>3</td><td>dividend yield</td><td>3.884% ( 3.884 % )</td><td>3.573% ( 3.573 % )</td><td>3.634% ( 3.634 % )</td></tr><tr><td>4</td><td>volatility</td><td>15.05% ( 15.05 % ) - 17.18% ( 17.18 % )</td><td>20.43% ( 20.43 % ) - 21.85% ( 21.85 % )</td><td>18.41% ( 18.41 % ) - 19.45% ( 19.45 % )</td></tr><tr><td>5</td><td>requisite service period</td><td>3 years</td><td>3 years</td><td>3 years</td></tr></table> the risk free rate was based on a zero coupon risk-free rate . the minimum risk free rate was based on a period of 0.25 years for the years ended december 31 , 2018 , 2017 and 2016 . the maximum risk free rate was based on a period of 3 years for the years ended december 31 , 2018 , 2017 and 2016 . the dividend yield was based on the closing stock price of maa stock on the .
Conversations:
q0: what was the change in the dividend yield from 2017 to 2018? 0.311
q1: and what was that dividend yield in 2017? 3.573
Question: how much, then does that change represent in relation to this 2017 dividend yield, in percentage?
Answer: | 0.08704 | 2 | 2,188 |
convfinqa8008 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) 7 . derivative financial instruments under the terms of the credit facility , the company is required to enter into interest rate protection agreements on at least 50% ( 50 % ) of its variable rate debt . under these agreements , the company is exposed to credit risk to the extent that a counterparty fails to meet the terms of a contract . such exposure is limited to the current value of the contract at the time the counterparty fails to perform . the company believes its contracts as of december 31 , 2004 are with credit worthy institutions . as of december 31 , 2004 , the company had two interest rate caps outstanding with an aggregate notional amount of $ 350.0 million ( each at an interest rate of 6.0% ( 6.0 % ) ) that expire in 2006 . as of december 31 , 2003 , the company had three interest rate caps outstanding with an aggregate notional amount of $ 500.0 million ( each at a rate of 5.0% ( 5.0 % ) ) that expired in 2004 . as of december 31 , 2004 and 2003 , there was no fair value associated with any of these interest rate caps . during the year ended december 31 , 2003 , the company recorded an unrealized loss of approximately $ 0.3 million ( net of a tax benefit of approximately $ 0.2 million ) in other comprehensive loss for the change in fair value of cash flow hedges and reclassified $ 5.9 million ( net of a tax benefit of approximately $ 3.2 million ) into results of operations . during the year ended december 31 , 2002 , the company recorded an unrealized loss of approximately $ 9.1 million ( net of a tax benefit of approximately $ 4.9 million ) in other comprehensive loss for the change in fair value of cash flow hedges and reclassified $ 19.5 million ( net of a tax benefit of approximately $ 10.5 million ) into results of operations . hedge ineffectiveness resulted in a gain of approximately $ 1.0 million for the year ended december 31 , 2002 , which is recorded in other expense in the accompanying consolidated statement of operations . the company records the changes in fair value of its derivative instruments that are not accounted for as hedges in other expense . the company did not reclassify any derivative losses into its statement of operations for the year ended december 31 , 2004 and does not anticipate reclassifying any derivative losses into its statement of operations within the next twelve months , as there are no amounts included in other comprehensive loss as of december 31 , 2004 . 8 . commitments and contingencies lease obligations 2014the company leases certain land , office and tower space under operating leases that expire over various terms . many of the leases contain renewal options with specified increases in lease payments upon exercise of the renewal option . escalation clauses present in operating leases , excluding those tied to cpi or other inflation-based indices , are straight-lined over the term of the lease . ( see note 1. ) future minimum rental payments under non-cancelable operating leases include payments for certain renewal periods at the company 2019s option because failure to renew could result in a loss of the applicable tower site and related revenues from tenant leases , thereby making it reasonably assured that the company will renew the lease . such payments in effect at december 31 , 2004 are as follows ( in thousands ) : year ending december 31 . <table class='wikitable'><tr><td>1</td><td>2005</td><td>$ 106116</td></tr><tr><td>2</td><td>2006</td><td>106319</td></tr><tr><td>3</td><td>2007</td><td>106095</td></tr><tr><td>4</td><td>2008</td><td>106191</td></tr><tr><td>5</td><td>2009</td><td>106214</td></tr><tr><td>6</td><td>thereafter</td><td>1570111</td></tr><tr><td>7</td><td>total</td><td>$ 2101046</td></tr></table> aggregate rent expense ( including the effect of straight-line rent expense ) under operating leases for the years ended december 31 , 2004 , 2003 and 2002 approximated $ 118741000 , $ 113956000 , and $ 109644000 , respectively. .
Conversations:
Question: what portion of total future minimum rental payments is due in 2009?
Answer: | 0.05055 | 0 | 2,189 |
convfinqa8009 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) 7 . derivative financial instruments under the terms of the credit facility , the company is required to enter into interest rate protection agreements on at least 50% ( 50 % ) of its variable rate debt . under these agreements , the company is exposed to credit risk to the extent that a counterparty fails to meet the terms of a contract . such exposure is limited to the current value of the contract at the time the counterparty fails to perform . the company believes its contracts as of december 31 , 2004 are with credit worthy institutions . as of december 31 , 2004 , the company had two interest rate caps outstanding with an aggregate notional amount of $ 350.0 million ( each at an interest rate of 6.0% ( 6.0 % ) ) that expire in 2006 . as of december 31 , 2003 , the company had three interest rate caps outstanding with an aggregate notional amount of $ 500.0 million ( each at a rate of 5.0% ( 5.0 % ) ) that expired in 2004 . as of december 31 , 2004 and 2003 , there was no fair value associated with any of these interest rate caps . during the year ended december 31 , 2003 , the company recorded an unrealized loss of approximately $ 0.3 million ( net of a tax benefit of approximately $ 0.2 million ) in other comprehensive loss for the change in fair value of cash flow hedges and reclassified $ 5.9 million ( net of a tax benefit of approximately $ 3.2 million ) into results of operations . during the year ended december 31 , 2002 , the company recorded an unrealized loss of approximately $ 9.1 million ( net of a tax benefit of approximately $ 4.9 million ) in other comprehensive loss for the change in fair value of cash flow hedges and reclassified $ 19.5 million ( net of a tax benefit of approximately $ 10.5 million ) into results of operations . hedge ineffectiveness resulted in a gain of approximately $ 1.0 million for the year ended december 31 , 2002 , which is recorded in other expense in the accompanying consolidated statement of operations . the company records the changes in fair value of its derivative instruments that are not accounted for as hedges in other expense . the company did not reclassify any derivative losses into its statement of operations for the year ended december 31 , 2004 and does not anticipate reclassifying any derivative losses into its statement of operations within the next twelve months , as there are no amounts included in other comprehensive loss as of december 31 , 2004 . 8 . commitments and contingencies lease obligations 2014the company leases certain land , office and tower space under operating leases that expire over various terms . many of the leases contain renewal options with specified increases in lease payments upon exercise of the renewal option . escalation clauses present in operating leases , excluding those tied to cpi or other inflation-based indices , are straight-lined over the term of the lease . ( see note 1. ) future minimum rental payments under non-cancelable operating leases include payments for certain renewal periods at the company 2019s option because failure to renew could result in a loss of the applicable tower site and related revenues from tenant leases , thereby making it reasonably assured that the company will renew the lease . such payments in effect at december 31 , 2004 are as follows ( in thousands ) : year ending december 31 . <table class='wikitable'><tr><td>1</td><td>2005</td><td>$ 106116</td></tr><tr><td>2</td><td>2006</td><td>106319</td></tr><tr><td>3</td><td>2007</td><td>106095</td></tr><tr><td>4</td><td>2008</td><td>106191</td></tr><tr><td>5</td><td>2009</td><td>106214</td></tr><tr><td>6</td><td>thereafter</td><td>1570111</td></tr><tr><td>7</td><td>total</td><td>$ 2101046</td></tr></table> aggregate rent expense ( including the effect of straight-line rent expense ) under operating leases for the years ended december 31 , 2004 , 2003 and 2002 approximated $ 118741000 , $ 113956000 , and $ 109644000 , respectively. .
Conversations:
q0: what portion of total future minimum rental payments is due in 2009? 0.05055
Question: what is the rent expense in 2003?
Answer: | 113956000.0 | 1 | 2,189 |
convfinqa8010 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) 7 . derivative financial instruments under the terms of the credit facility , the company is required to enter into interest rate protection agreements on at least 50% ( 50 % ) of its variable rate debt . under these agreements , the company is exposed to credit risk to the extent that a counterparty fails to meet the terms of a contract . such exposure is limited to the current value of the contract at the time the counterparty fails to perform . the company believes its contracts as of december 31 , 2004 are with credit worthy institutions . as of december 31 , 2004 , the company had two interest rate caps outstanding with an aggregate notional amount of $ 350.0 million ( each at an interest rate of 6.0% ( 6.0 % ) ) that expire in 2006 . as of december 31 , 2003 , the company had three interest rate caps outstanding with an aggregate notional amount of $ 500.0 million ( each at a rate of 5.0% ( 5.0 % ) ) that expired in 2004 . as of december 31 , 2004 and 2003 , there was no fair value associated with any of these interest rate caps . during the year ended december 31 , 2003 , the company recorded an unrealized loss of approximately $ 0.3 million ( net of a tax benefit of approximately $ 0.2 million ) in other comprehensive loss for the change in fair value of cash flow hedges and reclassified $ 5.9 million ( net of a tax benefit of approximately $ 3.2 million ) into results of operations . during the year ended december 31 , 2002 , the company recorded an unrealized loss of approximately $ 9.1 million ( net of a tax benefit of approximately $ 4.9 million ) in other comprehensive loss for the change in fair value of cash flow hedges and reclassified $ 19.5 million ( net of a tax benefit of approximately $ 10.5 million ) into results of operations . hedge ineffectiveness resulted in a gain of approximately $ 1.0 million for the year ended december 31 , 2002 , which is recorded in other expense in the accompanying consolidated statement of operations . the company records the changes in fair value of its derivative instruments that are not accounted for as hedges in other expense . the company did not reclassify any derivative losses into its statement of operations for the year ended december 31 , 2004 and does not anticipate reclassifying any derivative losses into its statement of operations within the next twelve months , as there are no amounts included in other comprehensive loss as of december 31 , 2004 . 8 . commitments and contingencies lease obligations 2014the company leases certain land , office and tower space under operating leases that expire over various terms . many of the leases contain renewal options with specified increases in lease payments upon exercise of the renewal option . escalation clauses present in operating leases , excluding those tied to cpi or other inflation-based indices , are straight-lined over the term of the lease . ( see note 1. ) future minimum rental payments under non-cancelable operating leases include payments for certain renewal periods at the company 2019s option because failure to renew could result in a loss of the applicable tower site and related revenues from tenant leases , thereby making it reasonably assured that the company will renew the lease . such payments in effect at december 31 , 2004 are as follows ( in thousands ) : year ending december 31 . <table class='wikitable'><tr><td>1</td><td>2005</td><td>$ 106116</td></tr><tr><td>2</td><td>2006</td><td>106319</td></tr><tr><td>3</td><td>2007</td><td>106095</td></tr><tr><td>4</td><td>2008</td><td>106191</td></tr><tr><td>5</td><td>2009</td><td>106214</td></tr><tr><td>6</td><td>thereafter</td><td>1570111</td></tr><tr><td>7</td><td>total</td><td>$ 2101046</td></tr></table> aggregate rent expense ( including the effect of straight-line rent expense ) under operating leases for the years ended december 31 , 2004 , 2003 and 2002 approximated $ 118741000 , $ 113956000 , and $ 109644000 , respectively. .
Conversations:
q0: what portion of total future minimum rental payments is due in 2009? 0.05055
q1: what is the rent expense in 2003? 113956000.0
Question: what about in 2002?
Answer: | 109644000.0 | 2 | 2,189 |
convfinqa8011 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) 7 . derivative financial instruments under the terms of the credit facility , the company is required to enter into interest rate protection agreements on at least 50% ( 50 % ) of its variable rate debt . under these agreements , the company is exposed to credit risk to the extent that a counterparty fails to meet the terms of a contract . such exposure is limited to the current value of the contract at the time the counterparty fails to perform . the company believes its contracts as of december 31 , 2004 are with credit worthy institutions . as of december 31 , 2004 , the company had two interest rate caps outstanding with an aggregate notional amount of $ 350.0 million ( each at an interest rate of 6.0% ( 6.0 % ) ) that expire in 2006 . as of december 31 , 2003 , the company had three interest rate caps outstanding with an aggregate notional amount of $ 500.0 million ( each at a rate of 5.0% ( 5.0 % ) ) that expired in 2004 . as of december 31 , 2004 and 2003 , there was no fair value associated with any of these interest rate caps . during the year ended december 31 , 2003 , the company recorded an unrealized loss of approximately $ 0.3 million ( net of a tax benefit of approximately $ 0.2 million ) in other comprehensive loss for the change in fair value of cash flow hedges and reclassified $ 5.9 million ( net of a tax benefit of approximately $ 3.2 million ) into results of operations . during the year ended december 31 , 2002 , the company recorded an unrealized loss of approximately $ 9.1 million ( net of a tax benefit of approximately $ 4.9 million ) in other comprehensive loss for the change in fair value of cash flow hedges and reclassified $ 19.5 million ( net of a tax benefit of approximately $ 10.5 million ) into results of operations . hedge ineffectiveness resulted in a gain of approximately $ 1.0 million for the year ended december 31 , 2002 , which is recorded in other expense in the accompanying consolidated statement of operations . the company records the changes in fair value of its derivative instruments that are not accounted for as hedges in other expense . the company did not reclassify any derivative losses into its statement of operations for the year ended december 31 , 2004 and does not anticipate reclassifying any derivative losses into its statement of operations within the next twelve months , as there are no amounts included in other comprehensive loss as of december 31 , 2004 . 8 . commitments and contingencies lease obligations 2014the company leases certain land , office and tower space under operating leases that expire over various terms . many of the leases contain renewal options with specified increases in lease payments upon exercise of the renewal option . escalation clauses present in operating leases , excluding those tied to cpi or other inflation-based indices , are straight-lined over the term of the lease . ( see note 1. ) future minimum rental payments under non-cancelable operating leases include payments for certain renewal periods at the company 2019s option because failure to renew could result in a loss of the applicable tower site and related revenues from tenant leases , thereby making it reasonably assured that the company will renew the lease . such payments in effect at december 31 , 2004 are as follows ( in thousands ) : year ending december 31 . <table class='wikitable'><tr><td>1</td><td>2005</td><td>$ 106116</td></tr><tr><td>2</td><td>2006</td><td>106319</td></tr><tr><td>3</td><td>2007</td><td>106095</td></tr><tr><td>4</td><td>2008</td><td>106191</td></tr><tr><td>5</td><td>2009</td><td>106214</td></tr><tr><td>6</td><td>thereafter</td><td>1570111</td></tr><tr><td>7</td><td>total</td><td>$ 2101046</td></tr></table> aggregate rent expense ( including the effect of straight-line rent expense ) under operating leases for the years ended december 31 , 2004 , 2003 and 2002 approximated $ 118741000 , $ 113956000 , and $ 109644000 , respectively. .
Conversations:
q0: what portion of total future minimum rental payments is due in 2009? 0.05055
q1: what is the rent expense in 2003? 113956000.0
q2: what about in 2002? 109644000.0
Question: what is the net change?
Answer: | 4312000.0 | 3 | 2,189 |
convfinqa8012 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) 7 . derivative financial instruments under the terms of the credit facility , the company is required to enter into interest rate protection agreements on at least 50% ( 50 % ) of its variable rate debt . under these agreements , the company is exposed to credit risk to the extent that a counterparty fails to meet the terms of a contract . such exposure is limited to the current value of the contract at the time the counterparty fails to perform . the company believes its contracts as of december 31 , 2004 are with credit worthy institutions . as of december 31 , 2004 , the company had two interest rate caps outstanding with an aggregate notional amount of $ 350.0 million ( each at an interest rate of 6.0% ( 6.0 % ) ) that expire in 2006 . as of december 31 , 2003 , the company had three interest rate caps outstanding with an aggregate notional amount of $ 500.0 million ( each at a rate of 5.0% ( 5.0 % ) ) that expired in 2004 . as of december 31 , 2004 and 2003 , there was no fair value associated with any of these interest rate caps . during the year ended december 31 , 2003 , the company recorded an unrealized loss of approximately $ 0.3 million ( net of a tax benefit of approximately $ 0.2 million ) in other comprehensive loss for the change in fair value of cash flow hedges and reclassified $ 5.9 million ( net of a tax benefit of approximately $ 3.2 million ) into results of operations . during the year ended december 31 , 2002 , the company recorded an unrealized loss of approximately $ 9.1 million ( net of a tax benefit of approximately $ 4.9 million ) in other comprehensive loss for the change in fair value of cash flow hedges and reclassified $ 19.5 million ( net of a tax benefit of approximately $ 10.5 million ) into results of operations . hedge ineffectiveness resulted in a gain of approximately $ 1.0 million for the year ended december 31 , 2002 , which is recorded in other expense in the accompanying consolidated statement of operations . the company records the changes in fair value of its derivative instruments that are not accounted for as hedges in other expense . the company did not reclassify any derivative losses into its statement of operations for the year ended december 31 , 2004 and does not anticipate reclassifying any derivative losses into its statement of operations within the next twelve months , as there are no amounts included in other comprehensive loss as of december 31 , 2004 . 8 . commitments and contingencies lease obligations 2014the company leases certain land , office and tower space under operating leases that expire over various terms . many of the leases contain renewal options with specified increases in lease payments upon exercise of the renewal option . escalation clauses present in operating leases , excluding those tied to cpi or other inflation-based indices , are straight-lined over the term of the lease . ( see note 1. ) future minimum rental payments under non-cancelable operating leases include payments for certain renewal periods at the company 2019s option because failure to renew could result in a loss of the applicable tower site and related revenues from tenant leases , thereby making it reasonably assured that the company will renew the lease . such payments in effect at december 31 , 2004 are as follows ( in thousands ) : year ending december 31 . <table class='wikitable'><tr><td>1</td><td>2005</td><td>$ 106116</td></tr><tr><td>2</td><td>2006</td><td>106319</td></tr><tr><td>3</td><td>2007</td><td>106095</td></tr><tr><td>4</td><td>2008</td><td>106191</td></tr><tr><td>5</td><td>2009</td><td>106214</td></tr><tr><td>6</td><td>thereafter</td><td>1570111</td></tr><tr><td>7</td><td>total</td><td>$ 2101046</td></tr></table> aggregate rent expense ( including the effect of straight-line rent expense ) under operating leases for the years ended december 31 , 2004 , 2003 and 2002 approximated $ 118741000 , $ 113956000 , and $ 109644000 , respectively. .
Conversations:
q0: what portion of total future minimum rental payments is due in 2009? 0.05055
q1: what is the rent expense in 2003? 113956000.0
q2: what about in 2002? 109644000.0
q3: what is the net change? 4312000.0
Question: what percentage change does this represent?
Answer: | 0.03933 | 4 | 2,189 |
convfinqa8013 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: edwards lifesciences corporation notes to consolidated financial statements 2014 ( continued ) future minimum lease payments ( including interest ) under noncancelable operating leases and aggregate debt maturities at december 31 , 2004 were as follows ( in millions ) : aggregate operating debt leases maturities 2005*************************************************************** $ 13.1 $ 2014 2006*************************************************************** 11.5 2014 2007*************************************************************** 8.9 2014 2008*************************************************************** 8.0 2014 2009*************************************************************** 7.2 2014 thereafter ********************************************************** 1.1 267.1 total obligations and commitments************************************** $ 49.8 $ 267.1 included in debt at december 31 , 2004 and 2003 were unsecured notes denominated in japanese yen of a57.0 billion ( us$ 67.1 million ) and a56.0 billion ( us$ 55.8 million ) , respectively . certain facilities and equipment are leased under operating leases expiring at various dates . most of the operating leases contain renewal options . total expense for all operating leases was $ 14.0 million , $ 12.3 million , and $ 6.8 million for the years 2004 , 2003 and 2002 , respectively . 11 . financial instruments and risk management fair values of financial instruments the consolidated financial statements include financial instruments whereby the fair market value of such instruments may differ from amounts reflected on a historical basis . financial instruments of the company consist of cash deposits , accounts and other receivables , investments in unconsolidated affiliates , accounts payable , certain accrued liabilities and debt . the fair values of certain investments in unconsolidated affiliates are estimated based on quoted market prices . for other investments , various methods are used to estimate fair value , including external valuations and discounted cash flows . the carrying amount of the company 2019s long-term debt approximates fair market value based on prevailing market rates . the company 2019s other financial instruments generally approximate their fair values based on the short-term nature of these instruments. . <table class='wikitable'><tr><td>1</td><td></td><td>operating leases</td><td>aggregate debt maturities</td></tr><tr><td>2</td><td>2005</td><td>$ 13.1</td><td>$ 2014</td></tr><tr><td>3</td><td>2006</td><td>11.5</td><td>2014</td></tr><tr><td>4</td><td>2007</td><td>8.9</td><td>2014</td></tr><tr><td>5</td><td>2008</td><td>8.0</td><td>2014</td></tr><tr><td>6</td><td>2009</td><td>7.2</td><td>2014</td></tr><tr><td>7</td><td>thereafter</td><td>1.1</td><td>267.1</td></tr><tr><td>8</td><td>total obligations and commitments</td><td>$ 49.8</td><td>$ 267.1</td></tr></table> edwards lifesciences corporation notes to consolidated financial statements 2014 ( continued ) future minimum lease payments ( including interest ) under noncancelable operating leases and aggregate debt maturities at december 31 , 2004 were as follows ( in millions ) : aggregate operating debt leases maturities 2005*************************************************************** $ 13.1 $ 2014 2006*************************************************************** 11.5 2014 2007*************************************************************** 8.9 2014 2008*************************************************************** 8.0 2014 2009*************************************************************** 7.2 2014 thereafter ********************************************************** 1.1 267.1 total obligations and commitments************************************** $ 49.8 $ 267.1 included in debt at december 31 , 2004 and 2003 were unsecured notes denominated in japanese yen of a57.0 billion ( us$ 67.1 million ) and a56.0 billion ( us$ 55.8 million ) , respectively . certain facilities and equipment are leased under operating leases expiring at various dates . most of the operating leases contain renewal options . total expense for all operating leases was $ 14.0 million , $ 12.3 million , and $ 6.8 million for the years 2004 , 2003 and 2002 , respectively . 11 . financial instruments and risk management fair values of financial instruments the consolidated financial statements include financial instruments whereby the fair market value of such instruments may differ from amounts reflected on a historical basis . financial instruments of the company consist of cash deposits , accounts and other receivables , investments in unconsolidated affiliates , accounts payable , certain accrued liabilities and debt . the fair values of certain investments in unconsolidated affiliates are estimated based on quoted market prices . for other investments , various methods are used to estimate fair value , including external valuations and discounted cash flows . the carrying amount of the company 2019s long-term debt approximates fair market value based on prevailing market rates . the company 2019s other financial instruments generally approximate their fair values based on the short-term nature of these instruments. .
Conversations:
Question: what was total expense for all operating leases in 2003?
Answer: | 12.3 | 0 | 2,190 |
convfinqa8014 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: edwards lifesciences corporation notes to consolidated financial statements 2014 ( continued ) future minimum lease payments ( including interest ) under noncancelable operating leases and aggregate debt maturities at december 31 , 2004 were as follows ( in millions ) : aggregate operating debt leases maturities 2005*************************************************************** $ 13.1 $ 2014 2006*************************************************************** 11.5 2014 2007*************************************************************** 8.9 2014 2008*************************************************************** 8.0 2014 2009*************************************************************** 7.2 2014 thereafter ********************************************************** 1.1 267.1 total obligations and commitments************************************** $ 49.8 $ 267.1 included in debt at december 31 , 2004 and 2003 were unsecured notes denominated in japanese yen of a57.0 billion ( us$ 67.1 million ) and a56.0 billion ( us$ 55.8 million ) , respectively . certain facilities and equipment are leased under operating leases expiring at various dates . most of the operating leases contain renewal options . total expense for all operating leases was $ 14.0 million , $ 12.3 million , and $ 6.8 million for the years 2004 , 2003 and 2002 , respectively . 11 . financial instruments and risk management fair values of financial instruments the consolidated financial statements include financial instruments whereby the fair market value of such instruments may differ from amounts reflected on a historical basis . financial instruments of the company consist of cash deposits , accounts and other receivables , investments in unconsolidated affiliates , accounts payable , certain accrued liabilities and debt . the fair values of certain investments in unconsolidated affiliates are estimated based on quoted market prices . for other investments , various methods are used to estimate fair value , including external valuations and discounted cash flows . the carrying amount of the company 2019s long-term debt approximates fair market value based on prevailing market rates . the company 2019s other financial instruments generally approximate their fair values based on the short-term nature of these instruments. . <table class='wikitable'><tr><td>1</td><td></td><td>operating leases</td><td>aggregate debt maturities</td></tr><tr><td>2</td><td>2005</td><td>$ 13.1</td><td>$ 2014</td></tr><tr><td>3</td><td>2006</td><td>11.5</td><td>2014</td></tr><tr><td>4</td><td>2007</td><td>8.9</td><td>2014</td></tr><tr><td>5</td><td>2008</td><td>8.0</td><td>2014</td></tr><tr><td>6</td><td>2009</td><td>7.2</td><td>2014</td></tr><tr><td>7</td><td>thereafter</td><td>1.1</td><td>267.1</td></tr><tr><td>8</td><td>total obligations and commitments</td><td>$ 49.8</td><td>$ 267.1</td></tr></table> edwards lifesciences corporation notes to consolidated financial statements 2014 ( continued ) future minimum lease payments ( including interest ) under noncancelable operating leases and aggregate debt maturities at december 31 , 2004 were as follows ( in millions ) : aggregate operating debt leases maturities 2005*************************************************************** $ 13.1 $ 2014 2006*************************************************************** 11.5 2014 2007*************************************************************** 8.9 2014 2008*************************************************************** 8.0 2014 2009*************************************************************** 7.2 2014 thereafter ********************************************************** 1.1 267.1 total obligations and commitments************************************** $ 49.8 $ 267.1 included in debt at december 31 , 2004 and 2003 were unsecured notes denominated in japanese yen of a57.0 billion ( us$ 67.1 million ) and a56.0 billion ( us$ 55.8 million ) , respectively . certain facilities and equipment are leased under operating leases expiring at various dates . most of the operating leases contain renewal options . total expense for all operating leases was $ 14.0 million , $ 12.3 million , and $ 6.8 million for the years 2004 , 2003 and 2002 , respectively . 11 . financial instruments and risk management fair values of financial instruments the consolidated financial statements include financial instruments whereby the fair market value of such instruments may differ from amounts reflected on a historical basis . financial instruments of the company consist of cash deposits , accounts and other receivables , investments in unconsolidated affiliates , accounts payable , certain accrued liabilities and debt . the fair values of certain investments in unconsolidated affiliates are estimated based on quoted market prices . for other investments , various methods are used to estimate fair value , including external valuations and discounted cash flows . the carrying amount of the company 2019s long-term debt approximates fair market value based on prevailing market rates . the company 2019s other financial instruments generally approximate their fair values based on the short-term nature of these instruments. .
Conversations:
q0: what was total expense for all operating leases in 2003? 12.3
Question: what was the value in 2002?
Answer: | 6.8 | 1 | 2,190 |
convfinqa8015 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: edwards lifesciences corporation notes to consolidated financial statements 2014 ( continued ) future minimum lease payments ( including interest ) under noncancelable operating leases and aggregate debt maturities at december 31 , 2004 were as follows ( in millions ) : aggregate operating debt leases maturities 2005*************************************************************** $ 13.1 $ 2014 2006*************************************************************** 11.5 2014 2007*************************************************************** 8.9 2014 2008*************************************************************** 8.0 2014 2009*************************************************************** 7.2 2014 thereafter ********************************************************** 1.1 267.1 total obligations and commitments************************************** $ 49.8 $ 267.1 included in debt at december 31 , 2004 and 2003 were unsecured notes denominated in japanese yen of a57.0 billion ( us$ 67.1 million ) and a56.0 billion ( us$ 55.8 million ) , respectively . certain facilities and equipment are leased under operating leases expiring at various dates . most of the operating leases contain renewal options . total expense for all operating leases was $ 14.0 million , $ 12.3 million , and $ 6.8 million for the years 2004 , 2003 and 2002 , respectively . 11 . financial instruments and risk management fair values of financial instruments the consolidated financial statements include financial instruments whereby the fair market value of such instruments may differ from amounts reflected on a historical basis . financial instruments of the company consist of cash deposits , accounts and other receivables , investments in unconsolidated affiliates , accounts payable , certain accrued liabilities and debt . the fair values of certain investments in unconsolidated affiliates are estimated based on quoted market prices . for other investments , various methods are used to estimate fair value , including external valuations and discounted cash flows . the carrying amount of the company 2019s long-term debt approximates fair market value based on prevailing market rates . the company 2019s other financial instruments generally approximate their fair values based on the short-term nature of these instruments. . <table class='wikitable'><tr><td>1</td><td></td><td>operating leases</td><td>aggregate debt maturities</td></tr><tr><td>2</td><td>2005</td><td>$ 13.1</td><td>$ 2014</td></tr><tr><td>3</td><td>2006</td><td>11.5</td><td>2014</td></tr><tr><td>4</td><td>2007</td><td>8.9</td><td>2014</td></tr><tr><td>5</td><td>2008</td><td>8.0</td><td>2014</td></tr><tr><td>6</td><td>2009</td><td>7.2</td><td>2014</td></tr><tr><td>7</td><td>thereafter</td><td>1.1</td><td>267.1</td></tr><tr><td>8</td><td>total obligations and commitments</td><td>$ 49.8</td><td>$ 267.1</td></tr></table> edwards lifesciences corporation notes to consolidated financial statements 2014 ( continued ) future minimum lease payments ( including interest ) under noncancelable operating leases and aggregate debt maturities at december 31 , 2004 were as follows ( in millions ) : aggregate operating debt leases maturities 2005*************************************************************** $ 13.1 $ 2014 2006*************************************************************** 11.5 2014 2007*************************************************************** 8.9 2014 2008*************************************************************** 8.0 2014 2009*************************************************************** 7.2 2014 thereafter ********************************************************** 1.1 267.1 total obligations and commitments************************************** $ 49.8 $ 267.1 included in debt at december 31 , 2004 and 2003 were unsecured notes denominated in japanese yen of a57.0 billion ( us$ 67.1 million ) and a56.0 billion ( us$ 55.8 million ) , respectively . certain facilities and equipment are leased under operating leases expiring at various dates . most of the operating leases contain renewal options . total expense for all operating leases was $ 14.0 million , $ 12.3 million , and $ 6.8 million for the years 2004 , 2003 and 2002 , respectively . 11 . financial instruments and risk management fair values of financial instruments the consolidated financial statements include financial instruments whereby the fair market value of such instruments may differ from amounts reflected on a historical basis . financial instruments of the company consist of cash deposits , accounts and other receivables , investments in unconsolidated affiliates , accounts payable , certain accrued liabilities and debt . the fair values of certain investments in unconsolidated affiliates are estimated based on quoted market prices . for other investments , various methods are used to estimate fair value , including external valuations and discounted cash flows . the carrying amount of the company 2019s long-term debt approximates fair market value based on prevailing market rates . the company 2019s other financial instruments generally approximate their fair values based on the short-term nature of these instruments. .
Conversations:
q0: what was total expense for all operating leases in 2003? 12.3
q1: what was the value in 2002? 6.8
Question: what was the net change?
Answer: | 5.5 | 2 | 2,190 |
convfinqa8016 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: edwards lifesciences corporation notes to consolidated financial statements 2014 ( continued ) future minimum lease payments ( including interest ) under noncancelable operating leases and aggregate debt maturities at december 31 , 2004 were as follows ( in millions ) : aggregate operating debt leases maturities 2005*************************************************************** $ 13.1 $ 2014 2006*************************************************************** 11.5 2014 2007*************************************************************** 8.9 2014 2008*************************************************************** 8.0 2014 2009*************************************************************** 7.2 2014 thereafter ********************************************************** 1.1 267.1 total obligations and commitments************************************** $ 49.8 $ 267.1 included in debt at december 31 , 2004 and 2003 were unsecured notes denominated in japanese yen of a57.0 billion ( us$ 67.1 million ) and a56.0 billion ( us$ 55.8 million ) , respectively . certain facilities and equipment are leased under operating leases expiring at various dates . most of the operating leases contain renewal options . total expense for all operating leases was $ 14.0 million , $ 12.3 million , and $ 6.8 million for the years 2004 , 2003 and 2002 , respectively . 11 . financial instruments and risk management fair values of financial instruments the consolidated financial statements include financial instruments whereby the fair market value of such instruments may differ from amounts reflected on a historical basis . financial instruments of the company consist of cash deposits , accounts and other receivables , investments in unconsolidated affiliates , accounts payable , certain accrued liabilities and debt . the fair values of certain investments in unconsolidated affiliates are estimated based on quoted market prices . for other investments , various methods are used to estimate fair value , including external valuations and discounted cash flows . the carrying amount of the company 2019s long-term debt approximates fair market value based on prevailing market rates . the company 2019s other financial instruments generally approximate their fair values based on the short-term nature of these instruments. . <table class='wikitable'><tr><td>1</td><td></td><td>operating leases</td><td>aggregate debt maturities</td></tr><tr><td>2</td><td>2005</td><td>$ 13.1</td><td>$ 2014</td></tr><tr><td>3</td><td>2006</td><td>11.5</td><td>2014</td></tr><tr><td>4</td><td>2007</td><td>8.9</td><td>2014</td></tr><tr><td>5</td><td>2008</td><td>8.0</td><td>2014</td></tr><tr><td>6</td><td>2009</td><td>7.2</td><td>2014</td></tr><tr><td>7</td><td>thereafter</td><td>1.1</td><td>267.1</td></tr><tr><td>8</td><td>total obligations and commitments</td><td>$ 49.8</td><td>$ 267.1</td></tr></table> edwards lifesciences corporation notes to consolidated financial statements 2014 ( continued ) future minimum lease payments ( including interest ) under noncancelable operating leases and aggregate debt maturities at december 31 , 2004 were as follows ( in millions ) : aggregate operating debt leases maturities 2005*************************************************************** $ 13.1 $ 2014 2006*************************************************************** 11.5 2014 2007*************************************************************** 8.9 2014 2008*************************************************************** 8.0 2014 2009*************************************************************** 7.2 2014 thereafter ********************************************************** 1.1 267.1 total obligations and commitments************************************** $ 49.8 $ 267.1 included in debt at december 31 , 2004 and 2003 were unsecured notes denominated in japanese yen of a57.0 billion ( us$ 67.1 million ) and a56.0 billion ( us$ 55.8 million ) , respectively . certain facilities and equipment are leased under operating leases expiring at various dates . most of the operating leases contain renewal options . total expense for all operating leases was $ 14.0 million , $ 12.3 million , and $ 6.8 million for the years 2004 , 2003 and 2002 , respectively . 11 . financial instruments and risk management fair values of financial instruments the consolidated financial statements include financial instruments whereby the fair market value of such instruments may differ from amounts reflected on a historical basis . financial instruments of the company consist of cash deposits , accounts and other receivables , investments in unconsolidated affiliates , accounts payable , certain accrued liabilities and debt . the fair values of certain investments in unconsolidated affiliates are estimated based on quoted market prices . for other investments , various methods are used to estimate fair value , including external valuations and discounted cash flows . the carrying amount of the company 2019s long-term debt approximates fair market value based on prevailing market rates . the company 2019s other financial instruments generally approximate their fair values based on the short-term nature of these instruments. .
Conversations:
q0: what was total expense for all operating leases in 2003? 12.3
q1: what was the value in 2002? 6.8
q2: what was the net change? 5.5
Question: what was the 2002 value?
Answer: | 6.8 | 3 | 2,190 |
convfinqa8017 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: edwards lifesciences corporation notes to consolidated financial statements 2014 ( continued ) future minimum lease payments ( including interest ) under noncancelable operating leases and aggregate debt maturities at december 31 , 2004 were as follows ( in millions ) : aggregate operating debt leases maturities 2005*************************************************************** $ 13.1 $ 2014 2006*************************************************************** 11.5 2014 2007*************************************************************** 8.9 2014 2008*************************************************************** 8.0 2014 2009*************************************************************** 7.2 2014 thereafter ********************************************************** 1.1 267.1 total obligations and commitments************************************** $ 49.8 $ 267.1 included in debt at december 31 , 2004 and 2003 were unsecured notes denominated in japanese yen of a57.0 billion ( us$ 67.1 million ) and a56.0 billion ( us$ 55.8 million ) , respectively . certain facilities and equipment are leased under operating leases expiring at various dates . most of the operating leases contain renewal options . total expense for all operating leases was $ 14.0 million , $ 12.3 million , and $ 6.8 million for the years 2004 , 2003 and 2002 , respectively . 11 . financial instruments and risk management fair values of financial instruments the consolidated financial statements include financial instruments whereby the fair market value of such instruments may differ from amounts reflected on a historical basis . financial instruments of the company consist of cash deposits , accounts and other receivables , investments in unconsolidated affiliates , accounts payable , certain accrued liabilities and debt . the fair values of certain investments in unconsolidated affiliates are estimated based on quoted market prices . for other investments , various methods are used to estimate fair value , including external valuations and discounted cash flows . the carrying amount of the company 2019s long-term debt approximates fair market value based on prevailing market rates . the company 2019s other financial instruments generally approximate their fair values based on the short-term nature of these instruments. . <table class='wikitable'><tr><td>1</td><td></td><td>operating leases</td><td>aggregate debt maturities</td></tr><tr><td>2</td><td>2005</td><td>$ 13.1</td><td>$ 2014</td></tr><tr><td>3</td><td>2006</td><td>11.5</td><td>2014</td></tr><tr><td>4</td><td>2007</td><td>8.9</td><td>2014</td></tr><tr><td>5</td><td>2008</td><td>8.0</td><td>2014</td></tr><tr><td>6</td><td>2009</td><td>7.2</td><td>2014</td></tr><tr><td>7</td><td>thereafter</td><td>1.1</td><td>267.1</td></tr><tr><td>8</td><td>total obligations and commitments</td><td>$ 49.8</td><td>$ 267.1</td></tr></table> edwards lifesciences corporation notes to consolidated financial statements 2014 ( continued ) future minimum lease payments ( including interest ) under noncancelable operating leases and aggregate debt maturities at december 31 , 2004 were as follows ( in millions ) : aggregate operating debt leases maturities 2005*************************************************************** $ 13.1 $ 2014 2006*************************************************************** 11.5 2014 2007*************************************************************** 8.9 2014 2008*************************************************************** 8.0 2014 2009*************************************************************** 7.2 2014 thereafter ********************************************************** 1.1 267.1 total obligations and commitments************************************** $ 49.8 $ 267.1 included in debt at december 31 , 2004 and 2003 were unsecured notes denominated in japanese yen of a57.0 billion ( us$ 67.1 million ) and a56.0 billion ( us$ 55.8 million ) , respectively . certain facilities and equipment are leased under operating leases expiring at various dates . most of the operating leases contain renewal options . total expense for all operating leases was $ 14.0 million , $ 12.3 million , and $ 6.8 million for the years 2004 , 2003 and 2002 , respectively . 11 . financial instruments and risk management fair values of financial instruments the consolidated financial statements include financial instruments whereby the fair market value of such instruments may differ from amounts reflected on a historical basis . financial instruments of the company consist of cash deposits , accounts and other receivables , investments in unconsolidated affiliates , accounts payable , certain accrued liabilities and debt . the fair values of certain investments in unconsolidated affiliates are estimated based on quoted market prices . for other investments , various methods are used to estimate fair value , including external valuations and discounted cash flows . the carrying amount of the company 2019s long-term debt approximates fair market value based on prevailing market rates . the company 2019s other financial instruments generally approximate their fair values based on the short-term nature of these instruments. .
Conversations:
q0: what was total expense for all operating leases in 2003? 12.3
q1: what was the value in 2002? 6.8
q2: what was the net change? 5.5
q3: what was the 2002 value? 6.8
Question: what is the percent change?
Answer: | 0.80882 | 4 | 2,190 |
convfinqa8018 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: note 9 2014 benefit plans the company has defined benefit pension plans covering certain employees in the united states and certain international locations . postretirement healthcare and life insurance benefits provided to qualifying domestic retirees as well as other postretirement benefit plans in international countries are not material . the measurement date used for the company 2019s employee benefit plans is september 30 . effective january 1 , 2018 , the legacy u.s . pension plan was frozen to limit the participation of employees who are hired or re-hired by the company , or who transfer employment to the company , on or after january 1 , net pension cost for the years ended september 30 included the following components: . <table class='wikitable'><tr><td>1</td><td>( millions of dollars )</td><td>pension plans 2019</td><td>pension plans 2018</td><td>pension plans 2017</td></tr><tr><td>2</td><td>service cost</td><td>$ 134</td><td>$ 136</td><td>$ 110</td></tr><tr><td>3</td><td>interest cost</td><td>107</td><td>90</td><td>61</td></tr><tr><td>4</td><td>expected return on plan assets</td><td>( 180 )</td><td>( 154 )</td><td>( 112 )</td></tr><tr><td>5</td><td>amortization of prior service credit</td><td>( 13 )</td><td>( 13 )</td><td>( 14 )</td></tr><tr><td>6</td><td>amortization of loss</td><td>78</td><td>78</td><td>92</td></tr><tr><td>7</td><td>settlements</td><td>10</td><td>2</td><td>2014</td></tr><tr><td>8</td><td>net pension cost</td><td>$ 135</td><td>$ 137</td><td>$ 138</td></tr><tr><td>9</td><td>net pension cost included in the preceding table that is attributable to international plans</td><td>$ 32</td><td>$ 34</td><td>$ 43</td></tr></table> net pension cost included in the preceding table that is attributable to international plans $ 32 $ 34 $ 43 the amounts provided above for amortization of prior service credit and amortization of loss represent the reclassifications of prior service credits and net actuarial losses that were recognized in accumulated other comprehensive income ( loss ) in prior periods . the settlement losses recorded in 2019 and 2018 primarily included lump sum benefit payments associated with the company 2019s u.s . supplemental pension plan . the company recognizes pension settlements when payments from the supplemental plan exceed the sum of service and interest cost components of net periodic pension cost associated with this plan for the fiscal year . as further discussed in note 2 , upon adopting an accounting standard update on october 1 , 2018 , all components of the company 2019s net periodic pension and postretirement benefit costs , aside from service cost , are recorded to other income ( expense ) , net on its consolidated statements of income , for all periods presented . notes to consolidated financial statements 2014 ( continued ) becton , dickinson and company .
Conversations:
Question: what was the sum of the average pension cost in 2017 and 2018?
Answer: | 272.0 | 0 | 2,191 |
convfinqa8019 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: note 9 2014 benefit plans the company has defined benefit pension plans covering certain employees in the united states and certain international locations . postretirement healthcare and life insurance benefits provided to qualifying domestic retirees as well as other postretirement benefit plans in international countries are not material . the measurement date used for the company 2019s employee benefit plans is september 30 . effective january 1 , 2018 , the legacy u.s . pension plan was frozen to limit the participation of employees who are hired or re-hired by the company , or who transfer employment to the company , on or after january 1 , net pension cost for the years ended september 30 included the following components: . <table class='wikitable'><tr><td>1</td><td>( millions of dollars )</td><td>pension plans 2019</td><td>pension plans 2018</td><td>pension plans 2017</td></tr><tr><td>2</td><td>service cost</td><td>$ 134</td><td>$ 136</td><td>$ 110</td></tr><tr><td>3</td><td>interest cost</td><td>107</td><td>90</td><td>61</td></tr><tr><td>4</td><td>expected return on plan assets</td><td>( 180 )</td><td>( 154 )</td><td>( 112 )</td></tr><tr><td>5</td><td>amortization of prior service credit</td><td>( 13 )</td><td>( 13 )</td><td>( 14 )</td></tr><tr><td>6</td><td>amortization of loss</td><td>78</td><td>78</td><td>92</td></tr><tr><td>7</td><td>settlements</td><td>10</td><td>2</td><td>2014</td></tr><tr><td>8</td><td>net pension cost</td><td>$ 135</td><td>$ 137</td><td>$ 138</td></tr><tr><td>9</td><td>net pension cost included in the preceding table that is attributable to international plans</td><td>$ 32</td><td>$ 34</td><td>$ 43</td></tr></table> net pension cost included in the preceding table that is attributable to international plans $ 32 $ 34 $ 43 the amounts provided above for amortization of prior service credit and amortization of loss represent the reclassifications of prior service credits and net actuarial losses that were recognized in accumulated other comprehensive income ( loss ) in prior periods . the settlement losses recorded in 2019 and 2018 primarily included lump sum benefit payments associated with the company 2019s u.s . supplemental pension plan . the company recognizes pension settlements when payments from the supplemental plan exceed the sum of service and interest cost components of net periodic pension cost associated with this plan for the fiscal year . as further discussed in note 2 , upon adopting an accounting standard update on october 1 , 2018 , all components of the company 2019s net periodic pension and postretirement benefit costs , aside from service cost , are recorded to other income ( expense ) , net on its consolidated statements of income , for all periods presented . notes to consolidated financial statements 2014 ( continued ) becton , dickinson and company .
Conversations:
q0: what was the sum of the average pension cost in 2017 and 2018? 272.0
Question: what was the average pension cost in 2019?
Answer: | 138.0 | 1 | 2,191 |
convfinqa8020 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: note 9 2014 benefit plans the company has defined benefit pension plans covering certain employees in the united states and certain international locations . postretirement healthcare and life insurance benefits provided to qualifying domestic retirees as well as other postretirement benefit plans in international countries are not material . the measurement date used for the company 2019s employee benefit plans is september 30 . effective january 1 , 2018 , the legacy u.s . pension plan was frozen to limit the participation of employees who are hired or re-hired by the company , or who transfer employment to the company , on or after january 1 , net pension cost for the years ended september 30 included the following components: . <table class='wikitable'><tr><td>1</td><td>( millions of dollars )</td><td>pension plans 2019</td><td>pension plans 2018</td><td>pension plans 2017</td></tr><tr><td>2</td><td>service cost</td><td>$ 134</td><td>$ 136</td><td>$ 110</td></tr><tr><td>3</td><td>interest cost</td><td>107</td><td>90</td><td>61</td></tr><tr><td>4</td><td>expected return on plan assets</td><td>( 180 )</td><td>( 154 )</td><td>( 112 )</td></tr><tr><td>5</td><td>amortization of prior service credit</td><td>( 13 )</td><td>( 13 )</td><td>( 14 )</td></tr><tr><td>6</td><td>amortization of loss</td><td>78</td><td>78</td><td>92</td></tr><tr><td>7</td><td>settlements</td><td>10</td><td>2</td><td>2014</td></tr><tr><td>8</td><td>net pension cost</td><td>$ 135</td><td>$ 137</td><td>$ 138</td></tr><tr><td>9</td><td>net pension cost included in the preceding table that is attributable to international plans</td><td>$ 32</td><td>$ 34</td><td>$ 43</td></tr></table> net pension cost included in the preceding table that is attributable to international plans $ 32 $ 34 $ 43 the amounts provided above for amortization of prior service credit and amortization of loss represent the reclassifications of prior service credits and net actuarial losses that were recognized in accumulated other comprehensive income ( loss ) in prior periods . the settlement losses recorded in 2019 and 2018 primarily included lump sum benefit payments associated with the company 2019s u.s . supplemental pension plan . the company recognizes pension settlements when payments from the supplemental plan exceed the sum of service and interest cost components of net periodic pension cost associated with this plan for the fiscal year . as further discussed in note 2 , upon adopting an accounting standard update on october 1 , 2018 , all components of the company 2019s net periodic pension and postretirement benefit costs , aside from service cost , are recorded to other income ( expense ) , net on its consolidated statements of income , for all periods presented . notes to consolidated financial statements 2014 ( continued ) becton , dickinson and company .
Conversations:
q0: what was the sum of the average pension cost in 2017 and 2018? 272.0
q1: what was the average pension cost in 2019? 138.0
Question: what is the total sum?
Answer: | 410.0 | 2 | 2,191 |
convfinqa8021 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: note 9 2014 benefit plans the company has defined benefit pension plans covering certain employees in the united states and certain international locations . postretirement healthcare and life insurance benefits provided to qualifying domestic retirees as well as other postretirement benefit plans in international countries are not material . the measurement date used for the company 2019s employee benefit plans is september 30 . effective january 1 , 2018 , the legacy u.s . pension plan was frozen to limit the participation of employees who are hired or re-hired by the company , or who transfer employment to the company , on or after january 1 , net pension cost for the years ended september 30 included the following components: . <table class='wikitable'><tr><td>1</td><td>( millions of dollars )</td><td>pension plans 2019</td><td>pension plans 2018</td><td>pension plans 2017</td></tr><tr><td>2</td><td>service cost</td><td>$ 134</td><td>$ 136</td><td>$ 110</td></tr><tr><td>3</td><td>interest cost</td><td>107</td><td>90</td><td>61</td></tr><tr><td>4</td><td>expected return on plan assets</td><td>( 180 )</td><td>( 154 )</td><td>( 112 )</td></tr><tr><td>5</td><td>amortization of prior service credit</td><td>( 13 )</td><td>( 13 )</td><td>( 14 )</td></tr><tr><td>6</td><td>amortization of loss</td><td>78</td><td>78</td><td>92</td></tr><tr><td>7</td><td>settlements</td><td>10</td><td>2</td><td>2014</td></tr><tr><td>8</td><td>net pension cost</td><td>$ 135</td><td>$ 137</td><td>$ 138</td></tr><tr><td>9</td><td>net pension cost included in the preceding table that is attributable to international plans</td><td>$ 32</td><td>$ 34</td><td>$ 43</td></tr></table> net pension cost included in the preceding table that is attributable to international plans $ 32 $ 34 $ 43 the amounts provided above for amortization of prior service credit and amortization of loss represent the reclassifications of prior service credits and net actuarial losses that were recognized in accumulated other comprehensive income ( loss ) in prior periods . the settlement losses recorded in 2019 and 2018 primarily included lump sum benefit payments associated with the company 2019s u.s . supplemental pension plan . the company recognizes pension settlements when payments from the supplemental plan exceed the sum of service and interest cost components of net periodic pension cost associated with this plan for the fiscal year . as further discussed in note 2 , upon adopting an accounting standard update on october 1 , 2018 , all components of the company 2019s net periodic pension and postretirement benefit costs , aside from service cost , are recorded to other income ( expense ) , net on its consolidated statements of income , for all periods presented . notes to consolidated financial statements 2014 ( continued ) becton , dickinson and company .
Conversations:
q0: what was the sum of the average pension cost in 2017 and 2018? 272.0
q1: what was the average pension cost in 2019? 138.0
q2: what is the total sum? 410.0
Question: what is the average cost per year?
Answer: | 136.66667 | 3 | 2,191 |
convfinqa8022 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: 5 . stock based compensation overview maa accounts for its stock based employee compensation plans in accordance with accounting standards governing stock based compensation . these standards require an entity to measure the cost of employee services received in exchange for an award of an equity instrument based on the award's fair value on the grant date and recognize the cost over the period during which the employee is required to provide service in exchange for the award , which is generally the vesting period . any liability awards issued are remeasured at each reporting period . maa 2019s stock compensation plans consist of a number of incentives provided to attract and retain independent directors , executive officers and key employees . incentives are currently granted under the second amended and restated 2013 stock incentive plan , or the stock plan , which was approved at the 2018 annual meeting of maa shareholders . the stock plan allows for the grant of restricted stock and stock options up to 2000000 shares . maa believes that such awards better align the interests of its employees with those of its shareholders . compensation expense is generally recognized for service based restricted stock awards using the straight-line method over the vesting period of the shares regardless of cliff or ratable vesting distinctions . compensation expense for market and performance based restricted stock awards is generally recognized using the accelerated amortization method with each vesting tranche valued as a separate award , with a separate vesting date , consistent with the estimated value of the award at each period end . additionally , compensation expense is adjusted for actual forfeitures for all awards in the period that the award was forfeited . compensation expense for stock options is generally recognized on a straight-line basis over the requisite service period . maa presents stock compensation expense in the consolidated statements of operations in "general and administrative expenses" . total compensation expense under the stock plan was $ 12.9 million , $ 10.8 million and $ 12.2 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively . of these amounts , total compensation expense capitalized was $ 0.5 million , $ 0.2 million and $ 0.7 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively . as of december 31 , 2018 , the total unrecognized compensation expense was $ 13.5 million . this cost is expected to be recognized over the remaining weighted average period of 1.1 years . total cash paid for the settlement of plan shares totaled $ 2.9 million , $ 4.8 million and $ 2.0 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively . information concerning grants under the stock plan is provided below . restricted stock in general , restricted stock is earned based on either a service condition , performance condition , or market condition , or a combination thereof , and generally vests ratably over a period from 1 year to 5 years . service based awards are earned when the employee remains employed over the requisite service period and are valued on the grant date based upon the market price of maa common stock on the date of grant . market based awards are earned when maa reaches a specified stock price or specified return on the stock price ( price appreciation plus dividends ) and are valued on the grant date using a monte carlo simulation . performance based awards are earned when maa reaches certain operational goals such as funds from operations , or ffo , targets and are valued based upon the market price of maa common stock on the date of grant as well as the probability of reaching the stated targets . maa remeasures the fair value of the performance based awards each balance sheet date with adjustments made on a cumulative basis until the award is settled and the final compensation is known . the weighted average grant date fair value per share of restricted stock awards granted during the years ended december 31 , 2018 , 2017 and 2016 , was $ 71.85 , $ 84.53 and $ 73.20 , respectively . the following is a summary of the key assumptions used in the valuation calculations for market based awards granted during the years ended december 31 , 2018 , 2017 and 2016: . <table class='wikitable'><tr><td>1</td><td></td><td>2018</td><td>2017</td><td>2016</td></tr><tr><td>2</td><td>risk free rate</td><td>1.61% ( 1.61 % ) - 2.14% ( 2.14 % )</td><td>0.65% ( 0.65 % ) - 1.57% ( 1.57 % )</td><td>0.49% ( 0.49 % ) - 1.27% ( 1.27 % )</td></tr><tr><td>3</td><td>dividend yield</td><td>3.884% ( 3.884 % )</td><td>3.573% ( 3.573 % )</td><td>3.634% ( 3.634 % )</td></tr><tr><td>4</td><td>volatility</td><td>15.05% ( 15.05 % ) - 17.18% ( 17.18 % )</td><td>20.43% ( 20.43 % ) - 21.85% ( 21.85 % )</td><td>18.41% ( 18.41 % ) - 19.45% ( 19.45 % )</td></tr><tr><td>5</td><td>requisite service period</td><td>3 years</td><td>3 years</td><td>3 years</td></tr></table> the risk free rate was based on a zero coupon risk-free rate . the minimum risk free rate was based on a period of 0.25 years for the years ended december 31 , 2018 , 2017 and 2016 . the maximum risk free rate was based on a period of 3 years for the years ended december 31 , 2018 , 2017 and 2016 . the dividend yield was based on the closing stock price of maa stock on the .
Conversations:
Question: what was the lowest risk free rate from 2018?
Answer: | 0.0161 | 0 | 2,192 |
convfinqa8023 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: 5 . stock based compensation overview maa accounts for its stock based employee compensation plans in accordance with accounting standards governing stock based compensation . these standards require an entity to measure the cost of employee services received in exchange for an award of an equity instrument based on the award's fair value on the grant date and recognize the cost over the period during which the employee is required to provide service in exchange for the award , which is generally the vesting period . any liability awards issued are remeasured at each reporting period . maa 2019s stock compensation plans consist of a number of incentives provided to attract and retain independent directors , executive officers and key employees . incentives are currently granted under the second amended and restated 2013 stock incentive plan , or the stock plan , which was approved at the 2018 annual meeting of maa shareholders . the stock plan allows for the grant of restricted stock and stock options up to 2000000 shares . maa believes that such awards better align the interests of its employees with those of its shareholders . compensation expense is generally recognized for service based restricted stock awards using the straight-line method over the vesting period of the shares regardless of cliff or ratable vesting distinctions . compensation expense for market and performance based restricted stock awards is generally recognized using the accelerated amortization method with each vesting tranche valued as a separate award , with a separate vesting date , consistent with the estimated value of the award at each period end . additionally , compensation expense is adjusted for actual forfeitures for all awards in the period that the award was forfeited . compensation expense for stock options is generally recognized on a straight-line basis over the requisite service period . maa presents stock compensation expense in the consolidated statements of operations in "general and administrative expenses" . total compensation expense under the stock plan was $ 12.9 million , $ 10.8 million and $ 12.2 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively . of these amounts , total compensation expense capitalized was $ 0.5 million , $ 0.2 million and $ 0.7 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively . as of december 31 , 2018 , the total unrecognized compensation expense was $ 13.5 million . this cost is expected to be recognized over the remaining weighted average period of 1.1 years . total cash paid for the settlement of plan shares totaled $ 2.9 million , $ 4.8 million and $ 2.0 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively . information concerning grants under the stock plan is provided below . restricted stock in general , restricted stock is earned based on either a service condition , performance condition , or market condition , or a combination thereof , and generally vests ratably over a period from 1 year to 5 years . service based awards are earned when the employee remains employed over the requisite service period and are valued on the grant date based upon the market price of maa common stock on the date of grant . market based awards are earned when maa reaches a specified stock price or specified return on the stock price ( price appreciation plus dividends ) and are valued on the grant date using a monte carlo simulation . performance based awards are earned when maa reaches certain operational goals such as funds from operations , or ffo , targets and are valued based upon the market price of maa common stock on the date of grant as well as the probability of reaching the stated targets . maa remeasures the fair value of the performance based awards each balance sheet date with adjustments made on a cumulative basis until the award is settled and the final compensation is known . the weighted average grant date fair value per share of restricted stock awards granted during the years ended december 31 , 2018 , 2017 and 2016 , was $ 71.85 , $ 84.53 and $ 73.20 , respectively . the following is a summary of the key assumptions used in the valuation calculations for market based awards granted during the years ended december 31 , 2018 , 2017 and 2016: . <table class='wikitable'><tr><td>1</td><td></td><td>2018</td><td>2017</td><td>2016</td></tr><tr><td>2</td><td>risk free rate</td><td>1.61% ( 1.61 % ) - 2.14% ( 2.14 % )</td><td>0.65% ( 0.65 % ) - 1.57% ( 1.57 % )</td><td>0.49% ( 0.49 % ) - 1.27% ( 1.27 % )</td></tr><tr><td>3</td><td>dividend yield</td><td>3.884% ( 3.884 % )</td><td>3.573% ( 3.573 % )</td><td>3.634% ( 3.634 % )</td></tr><tr><td>4</td><td>volatility</td><td>15.05% ( 15.05 % ) - 17.18% ( 17.18 % )</td><td>20.43% ( 20.43 % ) - 21.85% ( 21.85 % )</td><td>18.41% ( 18.41 % ) - 19.45% ( 19.45 % )</td></tr><tr><td>5</td><td>requisite service period</td><td>3 years</td><td>3 years</td><td>3 years</td></tr></table> the risk free rate was based on a zero coupon risk-free rate . the minimum risk free rate was based on a period of 0.25 years for the years ended december 31 , 2018 , 2017 and 2016 . the maximum risk free rate was based on a period of 3 years for the years ended december 31 , 2018 , 2017 and 2016 . the dividend yield was based on the closing stock price of maa stock on the .
Conversations:
q0: what was the lowest risk free rate from 2018? 0.0161
Question: what was the highest risk free rate from 2018?
Answer: | 0.0214 | 1 | 2,192 |
convfinqa8024 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: 5 . stock based compensation overview maa accounts for its stock based employee compensation plans in accordance with accounting standards governing stock based compensation . these standards require an entity to measure the cost of employee services received in exchange for an award of an equity instrument based on the award's fair value on the grant date and recognize the cost over the period during which the employee is required to provide service in exchange for the award , which is generally the vesting period . any liability awards issued are remeasured at each reporting period . maa 2019s stock compensation plans consist of a number of incentives provided to attract and retain independent directors , executive officers and key employees . incentives are currently granted under the second amended and restated 2013 stock incentive plan , or the stock plan , which was approved at the 2018 annual meeting of maa shareholders . the stock plan allows for the grant of restricted stock and stock options up to 2000000 shares . maa believes that such awards better align the interests of its employees with those of its shareholders . compensation expense is generally recognized for service based restricted stock awards using the straight-line method over the vesting period of the shares regardless of cliff or ratable vesting distinctions . compensation expense for market and performance based restricted stock awards is generally recognized using the accelerated amortization method with each vesting tranche valued as a separate award , with a separate vesting date , consistent with the estimated value of the award at each period end . additionally , compensation expense is adjusted for actual forfeitures for all awards in the period that the award was forfeited . compensation expense for stock options is generally recognized on a straight-line basis over the requisite service period . maa presents stock compensation expense in the consolidated statements of operations in "general and administrative expenses" . total compensation expense under the stock plan was $ 12.9 million , $ 10.8 million and $ 12.2 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively . of these amounts , total compensation expense capitalized was $ 0.5 million , $ 0.2 million and $ 0.7 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively . as of december 31 , 2018 , the total unrecognized compensation expense was $ 13.5 million . this cost is expected to be recognized over the remaining weighted average period of 1.1 years . total cash paid for the settlement of plan shares totaled $ 2.9 million , $ 4.8 million and $ 2.0 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively . information concerning grants under the stock plan is provided below . restricted stock in general , restricted stock is earned based on either a service condition , performance condition , or market condition , or a combination thereof , and generally vests ratably over a period from 1 year to 5 years . service based awards are earned when the employee remains employed over the requisite service period and are valued on the grant date based upon the market price of maa common stock on the date of grant . market based awards are earned when maa reaches a specified stock price or specified return on the stock price ( price appreciation plus dividends ) and are valued on the grant date using a monte carlo simulation . performance based awards are earned when maa reaches certain operational goals such as funds from operations , or ffo , targets and are valued based upon the market price of maa common stock on the date of grant as well as the probability of reaching the stated targets . maa remeasures the fair value of the performance based awards each balance sheet date with adjustments made on a cumulative basis until the award is settled and the final compensation is known . the weighted average grant date fair value per share of restricted stock awards granted during the years ended december 31 , 2018 , 2017 and 2016 , was $ 71.85 , $ 84.53 and $ 73.20 , respectively . the following is a summary of the key assumptions used in the valuation calculations for market based awards granted during the years ended december 31 , 2018 , 2017 and 2016: . <table class='wikitable'><tr><td>1</td><td></td><td>2018</td><td>2017</td><td>2016</td></tr><tr><td>2</td><td>risk free rate</td><td>1.61% ( 1.61 % ) - 2.14% ( 2.14 % )</td><td>0.65% ( 0.65 % ) - 1.57% ( 1.57 % )</td><td>0.49% ( 0.49 % ) - 1.27% ( 1.27 % )</td></tr><tr><td>3</td><td>dividend yield</td><td>3.884% ( 3.884 % )</td><td>3.573% ( 3.573 % )</td><td>3.634% ( 3.634 % )</td></tr><tr><td>4</td><td>volatility</td><td>15.05% ( 15.05 % ) - 17.18% ( 17.18 % )</td><td>20.43% ( 20.43 % ) - 21.85% ( 21.85 % )</td><td>18.41% ( 18.41 % ) - 19.45% ( 19.45 % )</td></tr><tr><td>5</td><td>requisite service period</td><td>3 years</td><td>3 years</td><td>3 years</td></tr></table> the risk free rate was based on a zero coupon risk-free rate . the minimum risk free rate was based on a period of 0.25 years for the years ended december 31 , 2018 , 2017 and 2016 . the maximum risk free rate was based on a period of 3 years for the years ended december 31 , 2018 , 2017 and 2016 . the dividend yield was based on the closing stock price of maa stock on the .
Conversations:
q0: what was the lowest risk free rate from 2018? 0.0161
q1: what was the highest risk free rate from 2018? 0.0214
Question: what is the sum of the 2 rates?
Answer: | 0.0375 | 2 | 2,192 |
convfinqa8025 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: 5 . stock based compensation overview maa accounts for its stock based employee compensation plans in accordance with accounting standards governing stock based compensation . these standards require an entity to measure the cost of employee services received in exchange for an award of an equity instrument based on the award's fair value on the grant date and recognize the cost over the period during which the employee is required to provide service in exchange for the award , which is generally the vesting period . any liability awards issued are remeasured at each reporting period . maa 2019s stock compensation plans consist of a number of incentives provided to attract and retain independent directors , executive officers and key employees . incentives are currently granted under the second amended and restated 2013 stock incentive plan , or the stock plan , which was approved at the 2018 annual meeting of maa shareholders . the stock plan allows for the grant of restricted stock and stock options up to 2000000 shares . maa believes that such awards better align the interests of its employees with those of its shareholders . compensation expense is generally recognized for service based restricted stock awards using the straight-line method over the vesting period of the shares regardless of cliff or ratable vesting distinctions . compensation expense for market and performance based restricted stock awards is generally recognized using the accelerated amortization method with each vesting tranche valued as a separate award , with a separate vesting date , consistent with the estimated value of the award at each period end . additionally , compensation expense is adjusted for actual forfeitures for all awards in the period that the award was forfeited . compensation expense for stock options is generally recognized on a straight-line basis over the requisite service period . maa presents stock compensation expense in the consolidated statements of operations in "general and administrative expenses" . total compensation expense under the stock plan was $ 12.9 million , $ 10.8 million and $ 12.2 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively . of these amounts , total compensation expense capitalized was $ 0.5 million , $ 0.2 million and $ 0.7 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively . as of december 31 , 2018 , the total unrecognized compensation expense was $ 13.5 million . this cost is expected to be recognized over the remaining weighted average period of 1.1 years . total cash paid for the settlement of plan shares totaled $ 2.9 million , $ 4.8 million and $ 2.0 million for the years ended december 31 , 2018 , 2017 and 2016 , respectively . information concerning grants under the stock plan is provided below . restricted stock in general , restricted stock is earned based on either a service condition , performance condition , or market condition , or a combination thereof , and generally vests ratably over a period from 1 year to 5 years . service based awards are earned when the employee remains employed over the requisite service period and are valued on the grant date based upon the market price of maa common stock on the date of grant . market based awards are earned when maa reaches a specified stock price or specified return on the stock price ( price appreciation plus dividends ) and are valued on the grant date using a monte carlo simulation . performance based awards are earned when maa reaches certain operational goals such as funds from operations , or ffo , targets and are valued based upon the market price of maa common stock on the date of grant as well as the probability of reaching the stated targets . maa remeasures the fair value of the performance based awards each balance sheet date with adjustments made on a cumulative basis until the award is settled and the final compensation is known . the weighted average grant date fair value per share of restricted stock awards granted during the years ended december 31 , 2018 , 2017 and 2016 , was $ 71.85 , $ 84.53 and $ 73.20 , respectively . the following is a summary of the key assumptions used in the valuation calculations for market based awards granted during the years ended december 31 , 2018 , 2017 and 2016: . <table class='wikitable'><tr><td>1</td><td></td><td>2018</td><td>2017</td><td>2016</td></tr><tr><td>2</td><td>risk free rate</td><td>1.61% ( 1.61 % ) - 2.14% ( 2.14 % )</td><td>0.65% ( 0.65 % ) - 1.57% ( 1.57 % )</td><td>0.49% ( 0.49 % ) - 1.27% ( 1.27 % )</td></tr><tr><td>3</td><td>dividend yield</td><td>3.884% ( 3.884 % )</td><td>3.573% ( 3.573 % )</td><td>3.634% ( 3.634 % )</td></tr><tr><td>4</td><td>volatility</td><td>15.05% ( 15.05 % ) - 17.18% ( 17.18 % )</td><td>20.43% ( 20.43 % ) - 21.85% ( 21.85 % )</td><td>18.41% ( 18.41 % ) - 19.45% ( 19.45 % )</td></tr><tr><td>5</td><td>requisite service period</td><td>3 years</td><td>3 years</td><td>3 years</td></tr></table> the risk free rate was based on a zero coupon risk-free rate . the minimum risk free rate was based on a period of 0.25 years for the years ended december 31 , 2018 , 2017 and 2016 . the maximum risk free rate was based on a period of 3 years for the years ended december 31 , 2018 , 2017 and 2016 . the dividend yield was based on the closing stock price of maa stock on the .
Conversations:
q0: what was the lowest risk free rate from 2018? 0.0161
q1: what was the highest risk free rate from 2018? 0.0214
q2: what is the sum of the 2 rates? 0.0375
Question: what is the average rate?
Answer: | 0.01875 | 3 | 2,192 |
convfinqa8026 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: the goldman sachs group , inc . and subsidiaries management 2019s discussion and analysis operating expenses our operating expenses are primarily influenced by compensation , headcount and levels of business activity . compensation and benefits includes salaries , discretionary compensation , amortization of equity awards and other items such as benefits . discretionary compensation is significantly impacted by , among other factors , the level of net revenues , overall financial performance , prevailing labor markets , business mix , the structure of our share- based compensation programs and the external environment . in addition , see 201cuse of estimates 201d for additional information about expenses that may arise from litigation and regulatory proceedings . the table below presents our operating expenses and total staff ( which includes employees , consultants and temporary staff ) . . <table class='wikitable'><tr><td>1</td><td>$ in millions</td><td>year ended december 2015</td><td>year ended december 2014</td><td>year ended december 2013</td></tr><tr><td>2</td><td>compensation and benefits</td><td>$ 12678</td><td>$ 12691</td><td>$ 12613</td></tr><tr><td>3</td><td>brokerage clearing exchange anddistribution fees</td><td>2576</td><td>2501</td><td>2341</td></tr><tr><td>4</td><td>market development</td><td>557</td><td>549</td><td>541</td></tr><tr><td>5</td><td>communications and technology</td><td>806</td><td>779</td><td>776</td></tr><tr><td>6</td><td>depreciation and amortization</td><td>991</td><td>1337</td><td>1322</td></tr><tr><td>7</td><td>occupancy</td><td>772</td><td>827</td><td>839</td></tr><tr><td>8</td><td>professional fees</td><td>963</td><td>902</td><td>930</td></tr><tr><td>9</td><td>insurance reserves1</td><td>2014</td><td>2014</td><td>176</td></tr><tr><td>10</td><td>other expenses2</td><td>5699</td><td>2585</td><td>2931</td></tr><tr><td>11</td><td>total non-compensation expenses</td><td>12364</td><td>9480</td><td>9856</td></tr><tr><td>12</td><td>total operating expenses</td><td>$ 25042</td><td>$ 22171</td><td>$ 22469</td></tr><tr><td>13</td><td>total staff at period-end</td><td>36800</td><td>34000</td><td>32900</td></tr></table> 1 . consists of changes in reserves related to our americas reinsurance business , including interest credited to policyholder account balances , and expenses related to property catastrophe reinsurance claims . in april 2013 , we completed the sale of a majority stake in our americas reinsurance business and no longer consolidate this business . 2 . includes provisions of $ 3.37 billion recorded during 2015 for the agreement in principle with the rmbs working group . see note 27 to the consolidated financial statements for further information about this agreement in principle . 2015 versus 2014 . operating expenses on the consolidated statements of earnings were $ 25.04 billion for 2015 , 13% ( 13 % ) higher than 2014 . compensation and benefits expenses on the consolidated statements of earnings were $ 12.68 billion for 2015 , essentially unchanged compared with 2014 . the ratio of compensation and benefits to net revenues for 2015 was 37.5% ( 37.5 % ) compared with 36.8% ( 36.8 % ) for 2014 . total staff increased 8% ( 8 % ) during 2015 , primarily due to activity levels in certain businesses and continued investment in regulatory compliance . non-compensation expenses on the consolidated statements of earnings were $ 12.36 billion for 2015 , 30% ( 30 % ) higher than 2014 , due to significantly higher net provisions for mortgage-related litigation and regulatory matters , which are included in other expenses . this increase was partially offset by lower depreciation and amortization expenses , primarily reflecting lower impairment charges related to consolidated investments , and a reduction in expenses related to the sale of metro in the fourth quarter of 2014 . net provisions for litigation and regulatory proceedings for 2015 were $ 4.01 billion compared with $ 754 million for 2014 ( both primarily comprised of net provisions for mortgage-related matters ) . 2015 included a $ 148 million charitable contribution to goldman sachs gives , our donor-advised fund . compensation was reduced to fund this charitable contribution to goldman sachs gives . the firm asks its participating managing directors to make recommendations regarding potential charitable recipients for this contribution . 2014 versus 2013 . operating expenses on the consolidated statements of earnings were $ 22.17 billion for 2014 , essentially unchanged compared with 2013 . compensation and benefits expenses on the consolidated statements of earnings were $ 12.69 billion for 2014 , essentially unchanged compared with 2013 . the ratio of compensation and benefits to net revenues for 2014 was 36.8% ( 36.8 % ) compared with 36.9% ( 36.9 % ) for 2013 . total staff increased 3% ( 3 % ) during 2014 . non-compensation expenses on the consolidated statements of earnings were $ 9.48 billion for 2014 , 4% ( 4 % ) lower than 2013 . the decrease compared with 2013 included a decrease in other expenses , due to lower net provisions for litigation and regulatory proceedings and lower operating expenses related to consolidated investments , as well as a decline in insurance reserves , reflecting the sale of our americas reinsurance business in 2013 . these decreases were partially offset by an increase in brokerage , clearing , exchange and distribution fees . net provisions for litigation and regulatory proceedings for 2014 were $ 754 million compared with $ 962 million for 2013 ( both primarily comprised of net provisions for mortgage-related matters ) . 2014 included a charitable contribution of $ 137 million to goldman sachs gives , our donor-advised fund . compensation was reduced to fund this charitable contribution to goldman sachs gives . the firm asks its participating managing directors to make recommendations regarding potential charitable recipients for this contribution . 58 goldman sachs 2015 form 10-k .
Conversations:
Question: what is the compensation and benefits value in 2015 times 1000000?
Answer: | 12678000000.0 | 0 | 2,193 |
convfinqa8027 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: the goldman sachs group , inc . and subsidiaries management 2019s discussion and analysis operating expenses our operating expenses are primarily influenced by compensation , headcount and levels of business activity . compensation and benefits includes salaries , discretionary compensation , amortization of equity awards and other items such as benefits . discretionary compensation is significantly impacted by , among other factors , the level of net revenues , overall financial performance , prevailing labor markets , business mix , the structure of our share- based compensation programs and the external environment . in addition , see 201cuse of estimates 201d for additional information about expenses that may arise from litigation and regulatory proceedings . the table below presents our operating expenses and total staff ( which includes employees , consultants and temporary staff ) . . <table class='wikitable'><tr><td>1</td><td>$ in millions</td><td>year ended december 2015</td><td>year ended december 2014</td><td>year ended december 2013</td></tr><tr><td>2</td><td>compensation and benefits</td><td>$ 12678</td><td>$ 12691</td><td>$ 12613</td></tr><tr><td>3</td><td>brokerage clearing exchange anddistribution fees</td><td>2576</td><td>2501</td><td>2341</td></tr><tr><td>4</td><td>market development</td><td>557</td><td>549</td><td>541</td></tr><tr><td>5</td><td>communications and technology</td><td>806</td><td>779</td><td>776</td></tr><tr><td>6</td><td>depreciation and amortization</td><td>991</td><td>1337</td><td>1322</td></tr><tr><td>7</td><td>occupancy</td><td>772</td><td>827</td><td>839</td></tr><tr><td>8</td><td>professional fees</td><td>963</td><td>902</td><td>930</td></tr><tr><td>9</td><td>insurance reserves1</td><td>2014</td><td>2014</td><td>176</td></tr><tr><td>10</td><td>other expenses2</td><td>5699</td><td>2585</td><td>2931</td></tr><tr><td>11</td><td>total non-compensation expenses</td><td>12364</td><td>9480</td><td>9856</td></tr><tr><td>12</td><td>total operating expenses</td><td>$ 25042</td><td>$ 22171</td><td>$ 22469</td></tr><tr><td>13</td><td>total staff at period-end</td><td>36800</td><td>34000</td><td>32900</td></tr></table> 1 . consists of changes in reserves related to our americas reinsurance business , including interest credited to policyholder account balances , and expenses related to property catastrophe reinsurance claims . in april 2013 , we completed the sale of a majority stake in our americas reinsurance business and no longer consolidate this business . 2 . includes provisions of $ 3.37 billion recorded during 2015 for the agreement in principle with the rmbs working group . see note 27 to the consolidated financial statements for further information about this agreement in principle . 2015 versus 2014 . operating expenses on the consolidated statements of earnings were $ 25.04 billion for 2015 , 13% ( 13 % ) higher than 2014 . compensation and benefits expenses on the consolidated statements of earnings were $ 12.68 billion for 2015 , essentially unchanged compared with 2014 . the ratio of compensation and benefits to net revenues for 2015 was 37.5% ( 37.5 % ) compared with 36.8% ( 36.8 % ) for 2014 . total staff increased 8% ( 8 % ) during 2015 , primarily due to activity levels in certain businesses and continued investment in regulatory compliance . non-compensation expenses on the consolidated statements of earnings were $ 12.36 billion for 2015 , 30% ( 30 % ) higher than 2014 , due to significantly higher net provisions for mortgage-related litigation and regulatory matters , which are included in other expenses . this increase was partially offset by lower depreciation and amortization expenses , primarily reflecting lower impairment charges related to consolidated investments , and a reduction in expenses related to the sale of metro in the fourth quarter of 2014 . net provisions for litigation and regulatory proceedings for 2015 were $ 4.01 billion compared with $ 754 million for 2014 ( both primarily comprised of net provisions for mortgage-related matters ) . 2015 included a $ 148 million charitable contribution to goldman sachs gives , our donor-advised fund . compensation was reduced to fund this charitable contribution to goldman sachs gives . the firm asks its participating managing directors to make recommendations regarding potential charitable recipients for this contribution . 2014 versus 2013 . operating expenses on the consolidated statements of earnings were $ 22.17 billion for 2014 , essentially unchanged compared with 2013 . compensation and benefits expenses on the consolidated statements of earnings were $ 12.69 billion for 2014 , essentially unchanged compared with 2013 . the ratio of compensation and benefits to net revenues for 2014 was 36.8% ( 36.8 % ) compared with 36.9% ( 36.9 % ) for 2013 . total staff increased 3% ( 3 % ) during 2014 . non-compensation expenses on the consolidated statements of earnings were $ 9.48 billion for 2014 , 4% ( 4 % ) lower than 2013 . the decrease compared with 2013 included a decrease in other expenses , due to lower net provisions for litigation and regulatory proceedings and lower operating expenses related to consolidated investments , as well as a decline in insurance reserves , reflecting the sale of our americas reinsurance business in 2013 . these decreases were partially offset by an increase in brokerage , clearing , exchange and distribution fees . net provisions for litigation and regulatory proceedings for 2014 were $ 754 million compared with $ 962 million for 2013 ( both primarily comprised of net provisions for mortgage-related matters ) . 2014 included a charitable contribution of $ 137 million to goldman sachs gives , our donor-advised fund . compensation was reduced to fund this charitable contribution to goldman sachs gives . the firm asks its participating managing directors to make recommendations regarding potential charitable recipients for this contribution . 58 goldman sachs 2015 form 10-k .
Conversations:
q0: what is the compensation and benefits value in 2015 times 1000000? 12678000000.0
Question: what was the number of total staff at the end of 2015?
Answer: | 36800.0 | 1 | 2,193 |
convfinqa8028 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: the goldman sachs group , inc . and subsidiaries management 2019s discussion and analysis operating expenses our operating expenses are primarily influenced by compensation , headcount and levels of business activity . compensation and benefits includes salaries , discretionary compensation , amortization of equity awards and other items such as benefits . discretionary compensation is significantly impacted by , among other factors , the level of net revenues , overall financial performance , prevailing labor markets , business mix , the structure of our share- based compensation programs and the external environment . in addition , see 201cuse of estimates 201d for additional information about expenses that may arise from litigation and regulatory proceedings . the table below presents our operating expenses and total staff ( which includes employees , consultants and temporary staff ) . . <table class='wikitable'><tr><td>1</td><td>$ in millions</td><td>year ended december 2015</td><td>year ended december 2014</td><td>year ended december 2013</td></tr><tr><td>2</td><td>compensation and benefits</td><td>$ 12678</td><td>$ 12691</td><td>$ 12613</td></tr><tr><td>3</td><td>brokerage clearing exchange anddistribution fees</td><td>2576</td><td>2501</td><td>2341</td></tr><tr><td>4</td><td>market development</td><td>557</td><td>549</td><td>541</td></tr><tr><td>5</td><td>communications and technology</td><td>806</td><td>779</td><td>776</td></tr><tr><td>6</td><td>depreciation and amortization</td><td>991</td><td>1337</td><td>1322</td></tr><tr><td>7</td><td>occupancy</td><td>772</td><td>827</td><td>839</td></tr><tr><td>8</td><td>professional fees</td><td>963</td><td>902</td><td>930</td></tr><tr><td>9</td><td>insurance reserves1</td><td>2014</td><td>2014</td><td>176</td></tr><tr><td>10</td><td>other expenses2</td><td>5699</td><td>2585</td><td>2931</td></tr><tr><td>11</td><td>total non-compensation expenses</td><td>12364</td><td>9480</td><td>9856</td></tr><tr><td>12</td><td>total operating expenses</td><td>$ 25042</td><td>$ 22171</td><td>$ 22469</td></tr><tr><td>13</td><td>total staff at period-end</td><td>36800</td><td>34000</td><td>32900</td></tr></table> 1 . consists of changes in reserves related to our americas reinsurance business , including interest credited to policyholder account balances , and expenses related to property catastrophe reinsurance claims . in april 2013 , we completed the sale of a majority stake in our americas reinsurance business and no longer consolidate this business . 2 . includes provisions of $ 3.37 billion recorded during 2015 for the agreement in principle with the rmbs working group . see note 27 to the consolidated financial statements for further information about this agreement in principle . 2015 versus 2014 . operating expenses on the consolidated statements of earnings were $ 25.04 billion for 2015 , 13% ( 13 % ) higher than 2014 . compensation and benefits expenses on the consolidated statements of earnings were $ 12.68 billion for 2015 , essentially unchanged compared with 2014 . the ratio of compensation and benefits to net revenues for 2015 was 37.5% ( 37.5 % ) compared with 36.8% ( 36.8 % ) for 2014 . total staff increased 8% ( 8 % ) during 2015 , primarily due to activity levels in certain businesses and continued investment in regulatory compliance . non-compensation expenses on the consolidated statements of earnings were $ 12.36 billion for 2015 , 30% ( 30 % ) higher than 2014 , due to significantly higher net provisions for mortgage-related litigation and regulatory matters , which are included in other expenses . this increase was partially offset by lower depreciation and amortization expenses , primarily reflecting lower impairment charges related to consolidated investments , and a reduction in expenses related to the sale of metro in the fourth quarter of 2014 . net provisions for litigation and regulatory proceedings for 2015 were $ 4.01 billion compared with $ 754 million for 2014 ( both primarily comprised of net provisions for mortgage-related matters ) . 2015 included a $ 148 million charitable contribution to goldman sachs gives , our donor-advised fund . compensation was reduced to fund this charitable contribution to goldman sachs gives . the firm asks its participating managing directors to make recommendations regarding potential charitable recipients for this contribution . 2014 versus 2013 . operating expenses on the consolidated statements of earnings were $ 22.17 billion for 2014 , essentially unchanged compared with 2013 . compensation and benefits expenses on the consolidated statements of earnings were $ 12.69 billion for 2014 , essentially unchanged compared with 2013 . the ratio of compensation and benefits to net revenues for 2014 was 36.8% ( 36.8 % ) compared with 36.9% ( 36.9 % ) for 2013 . total staff increased 3% ( 3 % ) during 2014 . non-compensation expenses on the consolidated statements of earnings were $ 9.48 billion for 2014 , 4% ( 4 % ) lower than 2013 . the decrease compared with 2013 included a decrease in other expenses , due to lower net provisions for litigation and regulatory proceedings and lower operating expenses related to consolidated investments , as well as a decline in insurance reserves , reflecting the sale of our americas reinsurance business in 2013 . these decreases were partially offset by an increase in brokerage , clearing , exchange and distribution fees . net provisions for litigation and regulatory proceedings for 2014 were $ 754 million compared with $ 962 million for 2013 ( both primarily comprised of net provisions for mortgage-related matters ) . 2014 included a charitable contribution of $ 137 million to goldman sachs gives , our donor-advised fund . compensation was reduced to fund this charitable contribution to goldman sachs gives . the firm asks its participating managing directors to make recommendations regarding potential charitable recipients for this contribution . 58 goldman sachs 2015 form 10-k .
Conversations:
q0: what is the compensation and benefits value in 2015 times 1000000? 12678000000.0
q1: what was the number of total staff at the end of 2015? 36800.0
Question: what is the value of compensation and benefits over the number of staff?
Answer: | 344510.86957 | 2 | 2,193 |
convfinqa8029 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: troubled debt restructurings ( tdrs ) a tdr is a loan whose terms have been restructured in a manner that grants a concession to a borrower experiencing financial difficulty . tdrs result from our loss mitigation activities , and include rate reductions , principal forgiveness , postponement/reduction of scheduled amortization , and extensions , which are intended to minimize economic loss and to avoid foreclosure or repossession of collateral . additionally , tdrs also result from borrowers that have been discharged from personal liability through chapter 7 bankruptcy and have not formally reaffirmed their loan obligations to pnc . in those situations where principal is forgiven , the amount of such principal forgiveness is immediately charged off . some tdrs may not ultimately result in the full collection of principal and interest , as restructured , and result in potential incremental losses . these potential incremental losses have been factored into our overall alll estimate . the level of any subsequent defaults will likely be affected by future economic conditions . once a loan becomes a tdr , it will continue to be reported as a tdr until it is ultimately repaid in full , the collateral is foreclosed upon , or it is fully charged off . we held specific reserves in the alll of $ .4 billion and $ .5 billion at december 31 , 2014 and december 31 , 2013 , respectively , for the total tdr portfolio . table 67 : summary of troubled debt restructurings in millions december 31 december 31 . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>december 312014</td><td>december 312013</td></tr><tr><td>2</td><td>total consumer lending</td><td>$ 2041</td><td>$ 2161</td></tr><tr><td>3</td><td>total commercial lending</td><td>542</td><td>578</td></tr><tr><td>4</td><td>total tdrs</td><td>$ 2583</td><td>$ 2739</td></tr><tr><td>5</td><td>nonperforming</td><td>$ 1370</td><td>$ 1511</td></tr><tr><td>6</td><td>accruing ( a )</td><td>1083</td><td>1062</td></tr><tr><td>7</td><td>credit card</td><td>130</td><td>166</td></tr><tr><td>8</td><td>total tdrs</td><td>$ 2583</td><td>$ 2739</td></tr></table> ( a ) accruing tdr loans have demonstrated a period of at least six months of performance under the restructured terms and are excluded from nonperforming loans . loans where borrowers have been discharged from personal liability through chapter 7 bankruptcy and have not formally reaffirmed their loan obligations to pnc and loans to borrowers not currently obligated to make both principal and interest payments under the restructured terms are not returned to accrual status . table 68 quantifies the number of loans that were classified as tdrs as well as the change in the recorded investments as a result of the tdr classification during 2014 , 2013 , and 2012 , respectively . additionally , the table provides information about the types of tdr concessions . the principal forgiveness tdr category includes principal forgiveness and accrued interest forgiveness . these types of tdrs result in a write down of the recorded investment and a charge-off if such action has not already taken place . the rate reduction tdr category includes reduced interest rate and interest deferral . the tdrs within this category result in reductions to future interest income . the other tdr category primarily includes consumer borrowers that have been discharged from personal liability through chapter 7 bankruptcy and have not formally reaffirmed their loan obligations to pnc , as well as postponement/reduction of scheduled amortization and contractual extensions for both consumer and commercial borrowers . in some cases , there have been multiple concessions granted on one loan . this is most common within the commercial loan portfolio . when there have been multiple concessions granted in the commercial loan portfolio , the principal forgiveness concession was prioritized for purposes of determining the inclusion in table 68 . for example , if there is principal forgiveness in conjunction with lower interest rate and postponement of amortization , the type of concession will be reported as principal forgiveness . second in priority would be rate reduction . for example , if there is an interest rate reduction in conjunction with postponement of amortization , the type of concession will be reported as a rate reduction . in the event that multiple concessions are granted on a consumer loan , concessions resulting from discharge from personal liability through chapter 7 bankruptcy without formal affirmation of the loan obligations to pnc would be prioritized and included in the other type of concession in the table below . after that , consumer loan concessions would follow the previously discussed priority of concessions for the commercial loan portfolio . 138 the pnc financial services group , inc . 2013 form 10-k .
Conversations:
Question: what were specific reserves in 2013?
Answer: | 0.5 | 0 | 2,194 |
convfinqa8030 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: troubled debt restructurings ( tdrs ) a tdr is a loan whose terms have been restructured in a manner that grants a concession to a borrower experiencing financial difficulty . tdrs result from our loss mitigation activities , and include rate reductions , principal forgiveness , postponement/reduction of scheduled amortization , and extensions , which are intended to minimize economic loss and to avoid foreclosure or repossession of collateral . additionally , tdrs also result from borrowers that have been discharged from personal liability through chapter 7 bankruptcy and have not formally reaffirmed their loan obligations to pnc . in those situations where principal is forgiven , the amount of such principal forgiveness is immediately charged off . some tdrs may not ultimately result in the full collection of principal and interest , as restructured , and result in potential incremental losses . these potential incremental losses have been factored into our overall alll estimate . the level of any subsequent defaults will likely be affected by future economic conditions . once a loan becomes a tdr , it will continue to be reported as a tdr until it is ultimately repaid in full , the collateral is foreclosed upon , or it is fully charged off . we held specific reserves in the alll of $ .4 billion and $ .5 billion at december 31 , 2014 and december 31 , 2013 , respectively , for the total tdr portfolio . table 67 : summary of troubled debt restructurings in millions december 31 december 31 . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>december 312014</td><td>december 312013</td></tr><tr><td>2</td><td>total consumer lending</td><td>$ 2041</td><td>$ 2161</td></tr><tr><td>3</td><td>total commercial lending</td><td>542</td><td>578</td></tr><tr><td>4</td><td>total tdrs</td><td>$ 2583</td><td>$ 2739</td></tr><tr><td>5</td><td>nonperforming</td><td>$ 1370</td><td>$ 1511</td></tr><tr><td>6</td><td>accruing ( a )</td><td>1083</td><td>1062</td></tr><tr><td>7</td><td>credit card</td><td>130</td><td>166</td></tr><tr><td>8</td><td>total tdrs</td><td>$ 2583</td><td>$ 2739</td></tr></table> ( a ) accruing tdr loans have demonstrated a period of at least six months of performance under the restructured terms and are excluded from nonperforming loans . loans where borrowers have been discharged from personal liability through chapter 7 bankruptcy and have not formally reaffirmed their loan obligations to pnc and loans to borrowers not currently obligated to make both principal and interest payments under the restructured terms are not returned to accrual status . table 68 quantifies the number of loans that were classified as tdrs as well as the change in the recorded investments as a result of the tdr classification during 2014 , 2013 , and 2012 , respectively . additionally , the table provides information about the types of tdr concessions . the principal forgiveness tdr category includes principal forgiveness and accrued interest forgiveness . these types of tdrs result in a write down of the recorded investment and a charge-off if such action has not already taken place . the rate reduction tdr category includes reduced interest rate and interest deferral . the tdrs within this category result in reductions to future interest income . the other tdr category primarily includes consumer borrowers that have been discharged from personal liability through chapter 7 bankruptcy and have not formally reaffirmed their loan obligations to pnc , as well as postponement/reduction of scheduled amortization and contractual extensions for both consumer and commercial borrowers . in some cases , there have been multiple concessions granted on one loan . this is most common within the commercial loan portfolio . when there have been multiple concessions granted in the commercial loan portfolio , the principal forgiveness concession was prioritized for purposes of determining the inclusion in table 68 . for example , if there is principal forgiveness in conjunction with lower interest rate and postponement of amortization , the type of concession will be reported as principal forgiveness . second in priority would be rate reduction . for example , if there is an interest rate reduction in conjunction with postponement of amortization , the type of concession will be reported as a rate reduction . in the event that multiple concessions are granted on a consumer loan , concessions resulting from discharge from personal liability through chapter 7 bankruptcy without formal affirmation of the loan obligations to pnc would be prioritized and included in the other type of concession in the table below . after that , consumer loan concessions would follow the previously discussed priority of concessions for the commercial loan portfolio . 138 the pnc financial services group , inc . 2013 form 10-k .
Conversations:
q0: what were specific reserves in 2013? 0.5
Question: what were they in 2014?
Answer: | 0.4 | 1 | 2,194 |
convfinqa8031 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: troubled debt restructurings ( tdrs ) a tdr is a loan whose terms have been restructured in a manner that grants a concession to a borrower experiencing financial difficulty . tdrs result from our loss mitigation activities , and include rate reductions , principal forgiveness , postponement/reduction of scheduled amortization , and extensions , which are intended to minimize economic loss and to avoid foreclosure or repossession of collateral . additionally , tdrs also result from borrowers that have been discharged from personal liability through chapter 7 bankruptcy and have not formally reaffirmed their loan obligations to pnc . in those situations where principal is forgiven , the amount of such principal forgiveness is immediately charged off . some tdrs may not ultimately result in the full collection of principal and interest , as restructured , and result in potential incremental losses . these potential incremental losses have been factored into our overall alll estimate . the level of any subsequent defaults will likely be affected by future economic conditions . once a loan becomes a tdr , it will continue to be reported as a tdr until it is ultimately repaid in full , the collateral is foreclosed upon , or it is fully charged off . we held specific reserves in the alll of $ .4 billion and $ .5 billion at december 31 , 2014 and december 31 , 2013 , respectively , for the total tdr portfolio . table 67 : summary of troubled debt restructurings in millions december 31 december 31 . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>december 312014</td><td>december 312013</td></tr><tr><td>2</td><td>total consumer lending</td><td>$ 2041</td><td>$ 2161</td></tr><tr><td>3</td><td>total commercial lending</td><td>542</td><td>578</td></tr><tr><td>4</td><td>total tdrs</td><td>$ 2583</td><td>$ 2739</td></tr><tr><td>5</td><td>nonperforming</td><td>$ 1370</td><td>$ 1511</td></tr><tr><td>6</td><td>accruing ( a )</td><td>1083</td><td>1062</td></tr><tr><td>7</td><td>credit card</td><td>130</td><td>166</td></tr><tr><td>8</td><td>total tdrs</td><td>$ 2583</td><td>$ 2739</td></tr></table> ( a ) accruing tdr loans have demonstrated a period of at least six months of performance under the restructured terms and are excluded from nonperforming loans . loans where borrowers have been discharged from personal liability through chapter 7 bankruptcy and have not formally reaffirmed their loan obligations to pnc and loans to borrowers not currently obligated to make both principal and interest payments under the restructured terms are not returned to accrual status . table 68 quantifies the number of loans that were classified as tdrs as well as the change in the recorded investments as a result of the tdr classification during 2014 , 2013 , and 2012 , respectively . additionally , the table provides information about the types of tdr concessions . the principal forgiveness tdr category includes principal forgiveness and accrued interest forgiveness . these types of tdrs result in a write down of the recorded investment and a charge-off if such action has not already taken place . the rate reduction tdr category includes reduced interest rate and interest deferral . the tdrs within this category result in reductions to future interest income . the other tdr category primarily includes consumer borrowers that have been discharged from personal liability through chapter 7 bankruptcy and have not formally reaffirmed their loan obligations to pnc , as well as postponement/reduction of scheduled amortization and contractual extensions for both consumer and commercial borrowers . in some cases , there have been multiple concessions granted on one loan . this is most common within the commercial loan portfolio . when there have been multiple concessions granted in the commercial loan portfolio , the principal forgiveness concession was prioritized for purposes of determining the inclusion in table 68 . for example , if there is principal forgiveness in conjunction with lower interest rate and postponement of amortization , the type of concession will be reported as principal forgiveness . second in priority would be rate reduction . for example , if there is an interest rate reduction in conjunction with postponement of amortization , the type of concession will be reported as a rate reduction . in the event that multiple concessions are granted on a consumer loan , concessions resulting from discharge from personal liability through chapter 7 bankruptcy without formal affirmation of the loan obligations to pnc would be prioritized and included in the other type of concession in the table below . after that , consumer loan concessions would follow the previously discussed priority of concessions for the commercial loan portfolio . 138 the pnc financial services group , inc . 2013 form 10-k .
Conversations:
q0: what were specific reserves in 2013? 0.5
q1: what were they in 2014? 0.4
Question: what is the sum?
Answer: | 0.9 | 2 | 2,194 |
convfinqa8032 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: troubled debt restructurings ( tdrs ) a tdr is a loan whose terms have been restructured in a manner that grants a concession to a borrower experiencing financial difficulty . tdrs result from our loss mitigation activities , and include rate reductions , principal forgiveness , postponement/reduction of scheduled amortization , and extensions , which are intended to minimize economic loss and to avoid foreclosure or repossession of collateral . additionally , tdrs also result from borrowers that have been discharged from personal liability through chapter 7 bankruptcy and have not formally reaffirmed their loan obligations to pnc . in those situations where principal is forgiven , the amount of such principal forgiveness is immediately charged off . some tdrs may not ultimately result in the full collection of principal and interest , as restructured , and result in potential incremental losses . these potential incremental losses have been factored into our overall alll estimate . the level of any subsequent defaults will likely be affected by future economic conditions . once a loan becomes a tdr , it will continue to be reported as a tdr until it is ultimately repaid in full , the collateral is foreclosed upon , or it is fully charged off . we held specific reserves in the alll of $ .4 billion and $ .5 billion at december 31 , 2014 and december 31 , 2013 , respectively , for the total tdr portfolio . table 67 : summary of troubled debt restructurings in millions december 31 december 31 . <table class='wikitable'><tr><td>1</td><td>in millions</td><td>december 312014</td><td>december 312013</td></tr><tr><td>2</td><td>total consumer lending</td><td>$ 2041</td><td>$ 2161</td></tr><tr><td>3</td><td>total commercial lending</td><td>542</td><td>578</td></tr><tr><td>4</td><td>total tdrs</td><td>$ 2583</td><td>$ 2739</td></tr><tr><td>5</td><td>nonperforming</td><td>$ 1370</td><td>$ 1511</td></tr><tr><td>6</td><td>accruing ( a )</td><td>1083</td><td>1062</td></tr><tr><td>7</td><td>credit card</td><td>130</td><td>166</td></tr><tr><td>8</td><td>total tdrs</td><td>$ 2583</td><td>$ 2739</td></tr></table> ( a ) accruing tdr loans have demonstrated a period of at least six months of performance under the restructured terms and are excluded from nonperforming loans . loans where borrowers have been discharged from personal liability through chapter 7 bankruptcy and have not formally reaffirmed their loan obligations to pnc and loans to borrowers not currently obligated to make both principal and interest payments under the restructured terms are not returned to accrual status . table 68 quantifies the number of loans that were classified as tdrs as well as the change in the recorded investments as a result of the tdr classification during 2014 , 2013 , and 2012 , respectively . additionally , the table provides information about the types of tdr concessions . the principal forgiveness tdr category includes principal forgiveness and accrued interest forgiveness . these types of tdrs result in a write down of the recorded investment and a charge-off if such action has not already taken place . the rate reduction tdr category includes reduced interest rate and interest deferral . the tdrs within this category result in reductions to future interest income . the other tdr category primarily includes consumer borrowers that have been discharged from personal liability through chapter 7 bankruptcy and have not formally reaffirmed their loan obligations to pnc , as well as postponement/reduction of scheduled amortization and contractual extensions for both consumer and commercial borrowers . in some cases , there have been multiple concessions granted on one loan . this is most common within the commercial loan portfolio . when there have been multiple concessions granted in the commercial loan portfolio , the principal forgiveness concession was prioritized for purposes of determining the inclusion in table 68 . for example , if there is principal forgiveness in conjunction with lower interest rate and postponement of amortization , the type of concession will be reported as principal forgiveness . second in priority would be rate reduction . for example , if there is an interest rate reduction in conjunction with postponement of amortization , the type of concession will be reported as a rate reduction . in the event that multiple concessions are granted on a consumer loan , concessions resulting from discharge from personal liability through chapter 7 bankruptcy without formal affirmation of the loan obligations to pnc would be prioritized and included in the other type of concession in the table below . after that , consumer loan concessions would follow the previously discussed priority of concessions for the commercial loan portfolio . 138 the pnc financial services group , inc . 2013 form 10-k .
Conversations:
q0: what were specific reserves in 2013? 0.5
q1: what were they in 2014? 0.4
q2: what is the sum? 0.9
Question: was is the average value?
Answer: | 0.45 | 3 | 2,194 |
convfinqa8033 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: devon energy corporation and subsidiaries notes to consolidated financial statements 2013 ( continued ) proved undeveloped reserves the following table presents the changes in devon 2019s total proved undeveloped reserves during 2015 ( mmboe ) . . <table class='wikitable'><tr><td>1</td><td></td><td>u.s .</td><td>canada</td><td>total</td></tr><tr><td>2</td><td>proved undeveloped reserves as of december 31 2014</td><td>305</td><td>384</td><td>689</td></tr><tr><td>3</td><td>extensions and discoveries</td><td>13</td><td>11</td><td>24</td></tr><tr><td>4</td><td>revisions due to prices</td><td>-115 ( 115 )</td><td>80</td><td>-35 ( 35 )</td></tr><tr><td>5</td><td>revisions other than price</td><td>-40 ( 40 )</td><td>-80 ( 80 )</td><td>-120 ( 120 )</td></tr><tr><td>6</td><td>conversion to proved developed reserves</td><td>-88 ( 88 )</td><td>-94 ( 94 )</td><td>-182 ( 182 )</td></tr><tr><td>7</td><td>proved undeveloped reserves as of december 31 2015</td><td>75</td><td>301</td><td>376</td></tr></table> proved undeveloped reserves decreased 45% ( 45 % ) from year-end 2014 to year-end 2015 , and the year-end 2015 balance represents 17% ( 17 % ) of total proved reserves . drilling and development activities increased devon 2019s proved undeveloped reserves 24 mmboe and resulted in the conversion of 182 mmboe , or 26% ( 26 % ) , of the 2014 proved undeveloped reserves to proved developed reserves . costs incurred to develop and convert devon 2019s proved undeveloped reserves were approximately $ 2.2 billion for 2015 . additionally , revisions other than price decreased devon 2019s proved undeveloped reserves 120 mmboe primarily due to evaluations of certain properties in the u.s . and canada . the largest revisions , which reduced reserves by 80 mmboe , relate to evaluations of jackfish bitumen reserves . of the 40 mmboe revisions recorded for u.s . properties , a reduction of approximately 27 mmboe represents reserves that devon now does not expect to develop in the next five years , including 20 mmboe attributable to the eagle ford . a significant amount of devon 2019s proved undeveloped reserves at the end of 2015 related to its jackfish operations . at december 31 , 2015 and 2014 , devon 2019s jackfish proved undeveloped reserves were 301 mmboe and 384 mmboe , respectively . development schedules for the jackfish reserves are primarily controlled by the need to keep the processing plants at their 35 mbbl daily facility capacity . processing plant capacity is controlled by factors such as total steam processing capacity and steam-oil ratios . furthermore , development of these projects involves the up-front construction of steam injection/distribution and bitumen processing facilities . due to the large up-front capital investments and large reserves required to provide economic returns , the project conditions meet the specific circumstances requiring a period greater than 5 years for conversion to developed reserves . as a result , these reserves are classified as proved undeveloped for more than five years . currently , the development schedule for these reserves extends through to 2030 . at the end of 2015 , approximately 184 mmboe of proved undeveloped reserves at jackfish have remained undeveloped for five years or more since the initial booking . no other projects have proved undeveloped reserves that have remained undeveloped more than five years from the initial booking of the reserves . furthermore , approximately 180 mmboe of proved undeveloped reserves at jackfish will require in excess of five years , from the date of this filing , to develop . price revisions 2015 2013 reserves decreased 302 mmboe primarily due to lower commodity prices across all products . the lower bitumen price increased canadian reserves due to the decline in royalties , which increases devon 2019s after- royalty volumes . 2014 2013 reserves increased 9 mmboe primarily due to higher gas prices in the barnett shale and the anadarko basin , partially offset by higher bitumen prices , which result in lower after-royalty volumes , in canada. .
Conversations:
Question: what percentage does the year-end 2015 balance represent in relation to the total proved reserves?
Answer: | 17.0 | 0 | 2,195 |
convfinqa8034 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: devon energy corporation and subsidiaries notes to consolidated financial statements 2013 ( continued ) proved undeveloped reserves the following table presents the changes in devon 2019s total proved undeveloped reserves during 2015 ( mmboe ) . . <table class='wikitable'><tr><td>1</td><td></td><td>u.s .</td><td>canada</td><td>total</td></tr><tr><td>2</td><td>proved undeveloped reserves as of december 31 2014</td><td>305</td><td>384</td><td>689</td></tr><tr><td>3</td><td>extensions and discoveries</td><td>13</td><td>11</td><td>24</td></tr><tr><td>4</td><td>revisions due to prices</td><td>-115 ( 115 )</td><td>80</td><td>-35 ( 35 )</td></tr><tr><td>5</td><td>revisions other than price</td><td>-40 ( 40 )</td><td>-80 ( 80 )</td><td>-120 ( 120 )</td></tr><tr><td>6</td><td>conversion to proved developed reserves</td><td>-88 ( 88 )</td><td>-94 ( 94 )</td><td>-182 ( 182 )</td></tr><tr><td>7</td><td>proved undeveloped reserves as of december 31 2015</td><td>75</td><td>301</td><td>376</td></tr></table> proved undeveloped reserves decreased 45% ( 45 % ) from year-end 2014 to year-end 2015 , and the year-end 2015 balance represents 17% ( 17 % ) of total proved reserves . drilling and development activities increased devon 2019s proved undeveloped reserves 24 mmboe and resulted in the conversion of 182 mmboe , or 26% ( 26 % ) , of the 2014 proved undeveloped reserves to proved developed reserves . costs incurred to develop and convert devon 2019s proved undeveloped reserves were approximately $ 2.2 billion for 2015 . additionally , revisions other than price decreased devon 2019s proved undeveloped reserves 120 mmboe primarily due to evaluations of certain properties in the u.s . and canada . the largest revisions , which reduced reserves by 80 mmboe , relate to evaluations of jackfish bitumen reserves . of the 40 mmboe revisions recorded for u.s . properties , a reduction of approximately 27 mmboe represents reserves that devon now does not expect to develop in the next five years , including 20 mmboe attributable to the eagle ford . a significant amount of devon 2019s proved undeveloped reserves at the end of 2015 related to its jackfish operations . at december 31 , 2015 and 2014 , devon 2019s jackfish proved undeveloped reserves were 301 mmboe and 384 mmboe , respectively . development schedules for the jackfish reserves are primarily controlled by the need to keep the processing plants at their 35 mbbl daily facility capacity . processing plant capacity is controlled by factors such as total steam processing capacity and steam-oil ratios . furthermore , development of these projects involves the up-front construction of steam injection/distribution and bitumen processing facilities . due to the large up-front capital investments and large reserves required to provide economic returns , the project conditions meet the specific circumstances requiring a period greater than 5 years for conversion to developed reserves . as a result , these reserves are classified as proved undeveloped for more than five years . currently , the development schedule for these reserves extends through to 2030 . at the end of 2015 , approximately 184 mmboe of proved undeveloped reserves at jackfish have remained undeveloped for five years or more since the initial booking . no other projects have proved undeveloped reserves that have remained undeveloped more than five years from the initial booking of the reserves . furthermore , approximately 180 mmboe of proved undeveloped reserves at jackfish will require in excess of five years , from the date of this filing , to develop . price revisions 2015 2013 reserves decreased 302 mmboe primarily due to lower commodity prices across all products . the lower bitumen price increased canadian reserves due to the decline in royalties , which increases devon 2019s after- royalty volumes . 2014 2013 reserves increased 9 mmboe primarily due to higher gas prices in the barnett shale and the anadarko basin , partially offset by higher bitumen prices , which result in lower after-royalty volumes , in canada. .
Conversations:
q0: what percentage does the year-end 2015 balance represent in relation to the total proved reserves? 17.0
Question: and how much does the full percentage of those reserves, or 100%, represent in relation to this percentage?
Answer: | 5.88235 | 1 | 2,195 |
convfinqa8035 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: devon energy corporation and subsidiaries notes to consolidated financial statements 2013 ( continued ) proved undeveloped reserves the following table presents the changes in devon 2019s total proved undeveloped reserves during 2015 ( mmboe ) . . <table class='wikitable'><tr><td>1</td><td></td><td>u.s .</td><td>canada</td><td>total</td></tr><tr><td>2</td><td>proved undeveloped reserves as of december 31 2014</td><td>305</td><td>384</td><td>689</td></tr><tr><td>3</td><td>extensions and discoveries</td><td>13</td><td>11</td><td>24</td></tr><tr><td>4</td><td>revisions due to prices</td><td>-115 ( 115 )</td><td>80</td><td>-35 ( 35 )</td></tr><tr><td>5</td><td>revisions other than price</td><td>-40 ( 40 )</td><td>-80 ( 80 )</td><td>-120 ( 120 )</td></tr><tr><td>6</td><td>conversion to proved developed reserves</td><td>-88 ( 88 )</td><td>-94 ( 94 )</td><td>-182 ( 182 )</td></tr><tr><td>7</td><td>proved undeveloped reserves as of december 31 2015</td><td>75</td><td>301</td><td>376</td></tr></table> proved undeveloped reserves decreased 45% ( 45 % ) from year-end 2014 to year-end 2015 , and the year-end 2015 balance represents 17% ( 17 % ) of total proved reserves . drilling and development activities increased devon 2019s proved undeveloped reserves 24 mmboe and resulted in the conversion of 182 mmboe , or 26% ( 26 % ) , of the 2014 proved undeveloped reserves to proved developed reserves . costs incurred to develop and convert devon 2019s proved undeveloped reserves were approximately $ 2.2 billion for 2015 . additionally , revisions other than price decreased devon 2019s proved undeveloped reserves 120 mmboe primarily due to evaluations of certain properties in the u.s . and canada . the largest revisions , which reduced reserves by 80 mmboe , relate to evaluations of jackfish bitumen reserves . of the 40 mmboe revisions recorded for u.s . properties , a reduction of approximately 27 mmboe represents reserves that devon now does not expect to develop in the next five years , including 20 mmboe attributable to the eagle ford . a significant amount of devon 2019s proved undeveloped reserves at the end of 2015 related to its jackfish operations . at december 31 , 2015 and 2014 , devon 2019s jackfish proved undeveloped reserves were 301 mmboe and 384 mmboe , respectively . development schedules for the jackfish reserves are primarily controlled by the need to keep the processing plants at their 35 mbbl daily facility capacity . processing plant capacity is controlled by factors such as total steam processing capacity and steam-oil ratios . furthermore , development of these projects involves the up-front construction of steam injection/distribution and bitumen processing facilities . due to the large up-front capital investments and large reserves required to provide economic returns , the project conditions meet the specific circumstances requiring a period greater than 5 years for conversion to developed reserves . as a result , these reserves are classified as proved undeveloped for more than five years . currently , the development schedule for these reserves extends through to 2030 . at the end of 2015 , approximately 184 mmboe of proved undeveloped reserves at jackfish have remained undeveloped for five years or more since the initial booking . no other projects have proved undeveloped reserves that have remained undeveloped more than five years from the initial booking of the reserves . furthermore , approximately 180 mmboe of proved undeveloped reserves at jackfish will require in excess of five years , from the date of this filing , to develop . price revisions 2015 2013 reserves decreased 302 mmboe primarily due to lower commodity prices across all products . the lower bitumen price increased canadian reserves due to the decline in royalties , which increases devon 2019s after- royalty volumes . 2014 2013 reserves increased 9 mmboe primarily due to higher gas prices in the barnett shale and the anadarko basin , partially offset by higher bitumen prices , which result in lower after-royalty volumes , in canada. .
Conversations:
q0: what percentage does the year-end 2015 balance represent in relation to the total proved reserves? 17.0
q1: and how much does the full percentage of those reserves, or 100%, represent in relation to this percentage? 5.88235
Question: considering this value and the amount of that balance, what can be concluded to have been those total proved reserves?
Answer: | 2211.76471 | 2 | 2,195 |
convfinqa8036 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: devon energy corporation and subsidiaries notes to consolidated financial statements 2013 ( continued ) proved undeveloped reserves the following table presents the changes in devon 2019s total proved undeveloped reserves during 2015 ( mmboe ) . . <table class='wikitable'><tr><td>1</td><td></td><td>u.s .</td><td>canada</td><td>total</td></tr><tr><td>2</td><td>proved undeveloped reserves as of december 31 2014</td><td>305</td><td>384</td><td>689</td></tr><tr><td>3</td><td>extensions and discoveries</td><td>13</td><td>11</td><td>24</td></tr><tr><td>4</td><td>revisions due to prices</td><td>-115 ( 115 )</td><td>80</td><td>-35 ( 35 )</td></tr><tr><td>5</td><td>revisions other than price</td><td>-40 ( 40 )</td><td>-80 ( 80 )</td><td>-120 ( 120 )</td></tr><tr><td>6</td><td>conversion to proved developed reserves</td><td>-88 ( 88 )</td><td>-94 ( 94 )</td><td>-182 ( 182 )</td></tr><tr><td>7</td><td>proved undeveloped reserves as of december 31 2015</td><td>75</td><td>301</td><td>376</td></tr></table> proved undeveloped reserves decreased 45% ( 45 % ) from year-end 2014 to year-end 2015 , and the year-end 2015 balance represents 17% ( 17 % ) of total proved reserves . drilling and development activities increased devon 2019s proved undeveloped reserves 24 mmboe and resulted in the conversion of 182 mmboe , or 26% ( 26 % ) , of the 2014 proved undeveloped reserves to proved developed reserves . costs incurred to develop and convert devon 2019s proved undeveloped reserves were approximately $ 2.2 billion for 2015 . additionally , revisions other than price decreased devon 2019s proved undeveloped reserves 120 mmboe primarily due to evaluations of certain properties in the u.s . and canada . the largest revisions , which reduced reserves by 80 mmboe , relate to evaluations of jackfish bitumen reserves . of the 40 mmboe revisions recorded for u.s . properties , a reduction of approximately 27 mmboe represents reserves that devon now does not expect to develop in the next five years , including 20 mmboe attributable to the eagle ford . a significant amount of devon 2019s proved undeveloped reserves at the end of 2015 related to its jackfish operations . at december 31 , 2015 and 2014 , devon 2019s jackfish proved undeveloped reserves were 301 mmboe and 384 mmboe , respectively . development schedules for the jackfish reserves are primarily controlled by the need to keep the processing plants at their 35 mbbl daily facility capacity . processing plant capacity is controlled by factors such as total steam processing capacity and steam-oil ratios . furthermore , development of these projects involves the up-front construction of steam injection/distribution and bitumen processing facilities . due to the large up-front capital investments and large reserves required to provide economic returns , the project conditions meet the specific circumstances requiring a period greater than 5 years for conversion to developed reserves . as a result , these reserves are classified as proved undeveloped for more than five years . currently , the development schedule for these reserves extends through to 2030 . at the end of 2015 , approximately 184 mmboe of proved undeveloped reserves at jackfish have remained undeveloped for five years or more since the initial booking . no other projects have proved undeveloped reserves that have remained undeveloped more than five years from the initial booking of the reserves . furthermore , approximately 180 mmboe of proved undeveloped reserves at jackfish will require in excess of five years , from the date of this filing , to develop . price revisions 2015 2013 reserves decreased 302 mmboe primarily due to lower commodity prices across all products . the lower bitumen price increased canadian reserves due to the decline in royalties , which increases devon 2019s after- royalty volumes . 2014 2013 reserves increased 9 mmboe primarily due to higher gas prices in the barnett shale and the anadarko basin , partially offset by higher bitumen prices , which result in lower after-royalty volumes , in canada. .
Conversations:
q0: what percentage does the year-end 2015 balance represent in relation to the total proved reserves? 17.0
q1: and how much does the full percentage of those reserves, or 100%, represent in relation to this percentage? 5.88235
q2: considering this value and the amount of that balance, what can be concluded to have been those total proved reserves? 2211.76471
Question: and what can be concluded to have been those reserves in the year before, of 2014, considering these same amounts and values in that year?
Answer: | 700.0 | 3 | 2,195 |
convfinqa8037 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: notes to consolidated financial statements 4 . the sum of the quarters 2019 earnings per common share may not equal the annual amounts due to the averaging effect of the number of shares and share equivalents throughout the year . 5 . during the fourth quarter of 2016 , net revenues included losses of approximately $ 60 million on sales and markdowns of legacy limited partnership investments in third-party-sponsored funds within the invest- ment management business segment . the fourth quarter of 2016 also included a $ 70 million provision within the wealth management busi- ness segment related to certain brokerage service reporting activities . employee share-based awards . <table class='wikitable'><tr><td>1</td><td>$ in millions</td><td>2017 quarter first</td><td>2017 quarter second</td><td>2017 quarter third</td><td>2017 quarter fourth</td></tr><tr><td>2</td><td>discrete tax benefit</td><td>$ 112</td><td>$ 16</td><td>$ 11</td><td>$ 16</td></tr></table> 24 . subsequent events the firm has evaluated subsequent events for adjustment to or disclosure in the financial statements through the date of this report and has not identified any recordable or disclos- able events not otherwise reported in these financial state- ments or the notes thereto . 175 december 2017 form 10-k .
Conversations:
Question: what is the total discrete tax benefit from employee share-based awards in the first quarter of 2017?
Answer: | 112.0 | 0 | 2,196 |
convfinqa8038 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: notes to consolidated financial statements 4 . the sum of the quarters 2019 earnings per common share may not equal the annual amounts due to the averaging effect of the number of shares and share equivalents throughout the year . 5 . during the fourth quarter of 2016 , net revenues included losses of approximately $ 60 million on sales and markdowns of legacy limited partnership investments in third-party-sponsored funds within the invest- ment management business segment . the fourth quarter of 2016 also included a $ 70 million provision within the wealth management busi- ness segment related to certain brokerage service reporting activities . employee share-based awards . <table class='wikitable'><tr><td>1</td><td>$ in millions</td><td>2017 quarter first</td><td>2017 quarter second</td><td>2017 quarter third</td><td>2017 quarter fourth</td></tr><tr><td>2</td><td>discrete tax benefit</td><td>$ 112</td><td>$ 16</td><td>$ 11</td><td>$ 16</td></tr></table> 24 . subsequent events the firm has evaluated subsequent events for adjustment to or disclosure in the financial statements through the date of this report and has not identified any recordable or disclos- able events not otherwise reported in these financial state- ments or the notes thereto . 175 december 2017 form 10-k .
Conversations:
q0: what is the total discrete tax benefit from employee share-based awards in the first quarter of 2017? 112.0
Question: what about the second quarter?
Answer: | 16.0 | 1 | 2,196 |
convfinqa8039 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: notes to consolidated financial statements 4 . the sum of the quarters 2019 earnings per common share may not equal the annual amounts due to the averaging effect of the number of shares and share equivalents throughout the year . 5 . during the fourth quarter of 2016 , net revenues included losses of approximately $ 60 million on sales and markdowns of legacy limited partnership investments in third-party-sponsored funds within the invest- ment management business segment . the fourth quarter of 2016 also included a $ 70 million provision within the wealth management busi- ness segment related to certain brokerage service reporting activities . employee share-based awards . <table class='wikitable'><tr><td>1</td><td>$ in millions</td><td>2017 quarter first</td><td>2017 quarter second</td><td>2017 quarter third</td><td>2017 quarter fourth</td></tr><tr><td>2</td><td>discrete tax benefit</td><td>$ 112</td><td>$ 16</td><td>$ 11</td><td>$ 16</td></tr></table> 24 . subsequent events the firm has evaluated subsequent events for adjustment to or disclosure in the financial statements through the date of this report and has not identified any recordable or disclos- able events not otherwise reported in these financial state- ments or the notes thereto . 175 december 2017 form 10-k .
Conversations:
q0: what is the total discrete tax benefit from employee share-based awards in the first quarter of 2017? 112.0
q1: what about the second quarter? 16.0
Question: what is the total for the first two quarters?
Answer: | 128.0 | 2 | 2,196 |
convfinqa8040 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: notes to consolidated financial statements 4 . the sum of the quarters 2019 earnings per common share may not equal the annual amounts due to the averaging effect of the number of shares and share equivalents throughout the year . 5 . during the fourth quarter of 2016 , net revenues included losses of approximately $ 60 million on sales and markdowns of legacy limited partnership investments in third-party-sponsored funds within the invest- ment management business segment . the fourth quarter of 2016 also included a $ 70 million provision within the wealth management busi- ness segment related to certain brokerage service reporting activities . employee share-based awards . <table class='wikitable'><tr><td>1</td><td>$ in millions</td><td>2017 quarter first</td><td>2017 quarter second</td><td>2017 quarter third</td><td>2017 quarter fourth</td></tr><tr><td>2</td><td>discrete tax benefit</td><td>$ 112</td><td>$ 16</td><td>$ 11</td><td>$ 16</td></tr></table> 24 . subsequent events the firm has evaluated subsequent events for adjustment to or disclosure in the financial statements through the date of this report and has not identified any recordable or disclos- able events not otherwise reported in these financial state- ments or the notes thereto . 175 december 2017 form 10-k .
Conversations:
q0: what is the total discrete tax benefit from employee share-based awards in the first quarter of 2017? 112.0
q1: what about the second quarter? 16.0
q2: what is the total for the first two quarters? 128.0
Question: what about the total if third quarter is added?
Answer: | 139.0 | 3 | 2,196 |
convfinqa8041 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: notes to consolidated financial statements 4 . the sum of the quarters 2019 earnings per common share may not equal the annual amounts due to the averaging effect of the number of shares and share equivalents throughout the year . 5 . during the fourth quarter of 2016 , net revenues included losses of approximately $ 60 million on sales and markdowns of legacy limited partnership investments in third-party-sponsored funds within the invest- ment management business segment . the fourth quarter of 2016 also included a $ 70 million provision within the wealth management busi- ness segment related to certain brokerage service reporting activities . employee share-based awards . <table class='wikitable'><tr><td>1</td><td>$ in millions</td><td>2017 quarter first</td><td>2017 quarter second</td><td>2017 quarter third</td><td>2017 quarter fourth</td></tr><tr><td>2</td><td>discrete tax benefit</td><td>$ 112</td><td>$ 16</td><td>$ 11</td><td>$ 16</td></tr></table> 24 . subsequent events the firm has evaluated subsequent events for adjustment to or disclosure in the financial statements through the date of this report and has not identified any recordable or disclos- able events not otherwise reported in these financial state- ments or the notes thereto . 175 december 2017 form 10-k .
Conversations:
q0: what is the total discrete tax benefit from employee share-based awards in the first quarter of 2017? 112.0
q1: what about the second quarter? 16.0
q2: what is the total for the first two quarters? 128.0
q3: what about the total if third quarter is added? 139.0
Question: what about the total for the year?
Answer: | 155.0 | 4 | 2,196 |
convfinqa8042 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: performance graph the following graph compares the total return , assuming reinvestment of dividends , on an investment in the company , based on performance of the company's common stock , with the total return of the standard & poor's 500 composite stock index and the dow jones united states travel and leisure index for a five year period by measuring the changes in common stock prices from december 31 , 2012 to december 31 , 2017. . <table class='wikitable'><tr><td>1</td><td></td><td>12/12</td><td>12/13</td><td>12/14</td><td>12/15</td><td>12/16</td><td>12/17</td></tr><tr><td>2</td><td>royal caribbean cruises ltd .</td><td>100.00</td><td>142.11</td><td>251.44</td><td>313.65</td><td>260.04</td><td>385.47</td></tr><tr><td>3</td><td>s&p 500</td><td>100.00</td><td>132.39</td><td>150.51</td><td>152.59</td><td>170.84</td><td>208.14</td></tr><tr><td>4</td><td>dow jones us travel & leisure</td><td>100.00</td><td>145.48</td><td>169.28</td><td>179.27</td><td>192.85</td><td>238.77</td></tr></table> the stock performance graph assumes for comparison that the value of the company's common stock and of each index was $ 100 on december 31 , 2012 and that all dividends were reinvested . past performance is not necessarily an indicator of future results. .
Conversations:
Question: what is the sum of the prices of royal caribbean cruises and the s&p 500 in 2017?
Answer: | 593.61 | 0 | 2,197 |
convfinqa8043 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: performance graph the following graph compares the total return , assuming reinvestment of dividends , on an investment in the company , based on performance of the company's common stock , with the total return of the standard & poor's 500 composite stock index and the dow jones united states travel and leisure index for a five year period by measuring the changes in common stock prices from december 31 , 2012 to december 31 , 2017. . <table class='wikitable'><tr><td>1</td><td></td><td>12/12</td><td>12/13</td><td>12/14</td><td>12/15</td><td>12/16</td><td>12/17</td></tr><tr><td>2</td><td>royal caribbean cruises ltd .</td><td>100.00</td><td>142.11</td><td>251.44</td><td>313.65</td><td>260.04</td><td>385.47</td></tr><tr><td>3</td><td>s&p 500</td><td>100.00</td><td>132.39</td><td>150.51</td><td>152.59</td><td>170.84</td><td>208.14</td></tr><tr><td>4</td><td>dow jones us travel & leisure</td><td>100.00</td><td>145.48</td><td>169.28</td><td>179.27</td><td>192.85</td><td>238.77</td></tr></table> the stock performance graph assumes for comparison that the value of the company's common stock and of each index was $ 100 on december 31 , 2012 and that all dividends were reinvested . past performance is not necessarily an indicator of future results. .
Conversations:
q0: what is the sum of the prices of royal caribbean cruises and the s&p 500 in 2017? 593.61
Question: what was the value of the dow jones us travel & leisure index in 2017?
Answer: | 238.77 | 1 | 2,197 |
convfinqa8044 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: performance graph the following graph compares the total return , assuming reinvestment of dividends , on an investment in the company , based on performance of the company's common stock , with the total return of the standard & poor's 500 composite stock index and the dow jones united states travel and leisure index for a five year period by measuring the changes in common stock prices from december 31 , 2012 to december 31 , 2017. . <table class='wikitable'><tr><td>1</td><td></td><td>12/12</td><td>12/13</td><td>12/14</td><td>12/15</td><td>12/16</td><td>12/17</td></tr><tr><td>2</td><td>royal caribbean cruises ltd .</td><td>100.00</td><td>142.11</td><td>251.44</td><td>313.65</td><td>260.04</td><td>385.47</td></tr><tr><td>3</td><td>s&p 500</td><td>100.00</td><td>132.39</td><td>150.51</td><td>152.59</td><td>170.84</td><td>208.14</td></tr><tr><td>4</td><td>dow jones us travel & leisure</td><td>100.00</td><td>145.48</td><td>169.28</td><td>179.27</td><td>192.85</td><td>238.77</td></tr></table> the stock performance graph assumes for comparison that the value of the company's common stock and of each index was $ 100 on december 31 , 2012 and that all dividends were reinvested . past performance is not necessarily an indicator of future results. .
Conversations:
q0: what is the sum of the prices of royal caribbean cruises and the s&p 500 in 2017? 593.61
q1: what was the value of the dow jones us travel & leisure index in 2017? 238.77
Question: what is the total sum?
Answer: | 832.38 | 2 | 2,197 |
convfinqa8045 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: performance graph the following graph compares the total return , assuming reinvestment of dividends , on an investment in the company , based on performance of the company's common stock , with the total return of the standard & poor's 500 composite stock index and the dow jones united states travel and leisure index for a five year period by measuring the changes in common stock prices from december 31 , 2012 to december 31 , 2017. . <table class='wikitable'><tr><td>1</td><td></td><td>12/12</td><td>12/13</td><td>12/14</td><td>12/15</td><td>12/16</td><td>12/17</td></tr><tr><td>2</td><td>royal caribbean cruises ltd .</td><td>100.00</td><td>142.11</td><td>251.44</td><td>313.65</td><td>260.04</td><td>385.47</td></tr><tr><td>3</td><td>s&p 500</td><td>100.00</td><td>132.39</td><td>150.51</td><td>152.59</td><td>170.84</td><td>208.14</td></tr><tr><td>4</td><td>dow jones us travel & leisure</td><td>100.00</td><td>145.48</td><td>169.28</td><td>179.27</td><td>192.85</td><td>238.77</td></tr></table> the stock performance graph assumes for comparison that the value of the company's common stock and of each index was $ 100 on december 31 , 2012 and that all dividends were reinvested . past performance is not necessarily an indicator of future results. .
Conversations:
q0: what is the sum of the prices of royal caribbean cruises and the s&p 500 in 2017? 593.61
q1: what was the value of the dow jones us travel & leisure index in 2017? 238.77
q2: what is the total sum? 832.38
Question: what is that divided by 3?
Answer: | 277.46 | 3 | 2,197 |
convfinqa8046 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: 52 s&p global 2018 annual report cash consideration that would be received for instances when the service components are sold separately . if the fair value to the customer for each service is not objectively determinable , we make our best estimate of the services 2019 stand-alone selling price and record revenue as it is earned over the service period . receivables we record a receivable when a customer is billed or when revenue is recognized prior to billing a customer . for multi- year agreements , we generally invoice customers annually at the beginning of each annual period . the opening balance of accounts receivable , net of allowance for doubtful accounts , was $ 1319 million as of january 1 , 2018 . contract assets contract assets include unbilled amounts from when the company transfers service to a customer before a customer pays consideration or before payment is due . as of december 31 , 2018 and 2017 , contract assets were $ 26 million and $ 17 million , respectively , and are included in accounts receivable in our consolidated balance sheets . unearned revenue we record unearned revenue when cash payments are received or due in advance of our performance . the increase in the unearned revenue balance for the year ended december 31 , 2018 is primarily driven by cash payments received or due in advance of satisfying our performance obligations , offset by $ 1.5 billion of revenues recognized that were included in the unearned revenue balance at the beginning of the period . remaining performance obligations remaining performance obligations represent the transaction price of contracts for work that has not yet been performed . as of december 31 , 2018 , the aggregate amount of the transaction price allocated to remaining performance obligations was $ 1.4 billion . we expect to recognize revenue on approximately half and three-quarters of the remaining performance obligations over the next 12 and 24 months , respectively , with the remainder recognized thereafter . we do not disclose the value of unfulfilled performance obligations for ( i ) contracts with an original expected length of one year or less and ( ii ) contracts where revenue is a usage-based royalty promised in exchange for a license of intellectual property . costs to obtain a contract we recognize an asset for the incremental costs of obtaining a contract with a customer if we expect the benefit of those costs to be longer than one year . we have determined that certain sales commission programs meet the requirements to be capitalized . total capitalized costs to obtain a contract were $ 101 million as of december 31 , 2018 , and are included in prepaid and other current assets and other non-current assets on our consolidated balance sheets . the asset will be amortized over a period consistent with the transfer to the customer of the goods or services to which the asset relates , calculated based on the customer term and the average life of the products and services underlying the contracts . the expense is recorded within selling and general expenses . we expense sales commissions when incurred if the amortization period would have been one year or less . these costs are recorded within selling and general expenses . presentation of net periodic pension cost and net periodic postretirement benefit cost during the first quarter of 2018 , we adopted new accounting guidance requiring that net periodic benefit cost for our retirement and postretirement plans other than the service cost component be included outside of operating profit ; these costs are included in other income , net in our consolidated statements of income . the components of other income , net for the year ended december 31 are as follows : assets and liabilities held for sale and discontinued operations assets and liabilities held for sale we classify a disposal group to be sold as held for sale in the period in which all of the following criteria are met : management , having the authority to approve the action , commits to a plan to sell the disposal group ; the disposal group is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such disposal group ; an active program to locate a buyer and other actions required to complete the plan to sell the disposal group have been initiated ; the sale of the disposal group is probable , and transfer of the disposal group is expected to qualify for recognition as a completed sale within one year , except if events or circumstances beyond our control extend the period of time required to sell the disposal group beyond one year ; the disposal group is being actively marketed for sale at a price that is reasonable in relation to its current fair value ; and actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn . a disposal group that is classified as held for sale is initially measured at the lower of its carrying value or fair value less any costs to sell . any loss resulting from this measurement is recognized in the period in which the held for sale criteria are met . conversely , gains are not recognized on the sale of a disposal group until the date of sale . ( in millions ) 2018 2017 2016 other components of net periodic benefit cost $ ( 30 ) $ ( 27 ) $ ( 28 ) . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2018</td><td>2017</td><td>2016</td></tr><tr><td>2</td><td>other components of net periodic benefit cost</td><td>$ -30 ( 30 )</td><td>$ -27 ( 27 )</td><td>$ -28 ( 28 )</td></tr><tr><td>3</td><td>net loss from investments</td><td>5</td><td>2014</td><td>2014</td></tr><tr><td>4</td><td>other income net</td><td>$ -25 ( 25 )</td><td>$ -27 ( 27 )</td><td>$ -28 ( 28 )</td></tr></table> .
Conversations:
Question: what is the difference between the other net income of the years of 2018 and 2016?
Answer: | -3.0 | 0 | 2,198 |
convfinqa8047 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: 52 s&p global 2018 annual report cash consideration that would be received for instances when the service components are sold separately . if the fair value to the customer for each service is not objectively determinable , we make our best estimate of the services 2019 stand-alone selling price and record revenue as it is earned over the service period . receivables we record a receivable when a customer is billed or when revenue is recognized prior to billing a customer . for multi- year agreements , we generally invoice customers annually at the beginning of each annual period . the opening balance of accounts receivable , net of allowance for doubtful accounts , was $ 1319 million as of january 1 , 2018 . contract assets contract assets include unbilled amounts from when the company transfers service to a customer before a customer pays consideration or before payment is due . as of december 31 , 2018 and 2017 , contract assets were $ 26 million and $ 17 million , respectively , and are included in accounts receivable in our consolidated balance sheets . unearned revenue we record unearned revenue when cash payments are received or due in advance of our performance . the increase in the unearned revenue balance for the year ended december 31 , 2018 is primarily driven by cash payments received or due in advance of satisfying our performance obligations , offset by $ 1.5 billion of revenues recognized that were included in the unearned revenue balance at the beginning of the period . remaining performance obligations remaining performance obligations represent the transaction price of contracts for work that has not yet been performed . as of december 31 , 2018 , the aggregate amount of the transaction price allocated to remaining performance obligations was $ 1.4 billion . we expect to recognize revenue on approximately half and three-quarters of the remaining performance obligations over the next 12 and 24 months , respectively , with the remainder recognized thereafter . we do not disclose the value of unfulfilled performance obligations for ( i ) contracts with an original expected length of one year or less and ( ii ) contracts where revenue is a usage-based royalty promised in exchange for a license of intellectual property . costs to obtain a contract we recognize an asset for the incremental costs of obtaining a contract with a customer if we expect the benefit of those costs to be longer than one year . we have determined that certain sales commission programs meet the requirements to be capitalized . total capitalized costs to obtain a contract were $ 101 million as of december 31 , 2018 , and are included in prepaid and other current assets and other non-current assets on our consolidated balance sheets . the asset will be amortized over a period consistent with the transfer to the customer of the goods or services to which the asset relates , calculated based on the customer term and the average life of the products and services underlying the contracts . the expense is recorded within selling and general expenses . we expense sales commissions when incurred if the amortization period would have been one year or less . these costs are recorded within selling and general expenses . presentation of net periodic pension cost and net periodic postretirement benefit cost during the first quarter of 2018 , we adopted new accounting guidance requiring that net periodic benefit cost for our retirement and postretirement plans other than the service cost component be included outside of operating profit ; these costs are included in other income , net in our consolidated statements of income . the components of other income , net for the year ended december 31 are as follows : assets and liabilities held for sale and discontinued operations assets and liabilities held for sale we classify a disposal group to be sold as held for sale in the period in which all of the following criteria are met : management , having the authority to approve the action , commits to a plan to sell the disposal group ; the disposal group is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such disposal group ; an active program to locate a buyer and other actions required to complete the plan to sell the disposal group have been initiated ; the sale of the disposal group is probable , and transfer of the disposal group is expected to qualify for recognition as a completed sale within one year , except if events or circumstances beyond our control extend the period of time required to sell the disposal group beyond one year ; the disposal group is being actively marketed for sale at a price that is reasonable in relation to its current fair value ; and actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn . a disposal group that is classified as held for sale is initially measured at the lower of its carrying value or fair value less any costs to sell . any loss resulting from this measurement is recognized in the period in which the held for sale criteria are met . conversely , gains are not recognized on the sale of a disposal group until the date of sale . ( in millions ) 2018 2017 2016 other components of net periodic benefit cost $ ( 30 ) $ ( 27 ) $ ( 28 ) . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2018</td><td>2017</td><td>2016</td></tr><tr><td>2</td><td>other components of net periodic benefit cost</td><td>$ -30 ( 30 )</td><td>$ -27 ( 27 )</td><td>$ -28 ( 28 )</td></tr><tr><td>3</td><td>net loss from investments</td><td>5</td><td>2014</td><td>2014</td></tr><tr><td>4</td><td>other income net</td><td>$ -25 ( 25 )</td><td>$ -27 ( 27 )</td><td>$ -28 ( 28 )</td></tr></table> .
Conversations:
q0: what is the difference between the other net income of the years of 2018 and 2016? -3.0
Question: how much does that difference represent in relation to the other net income of 2016?
Answer: | -0.10714 | 1 | 2,198 |
convfinqa8048 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: corporate corporate expenses in 2016 benefited from the absence of transaction costs associated with the norcraft acquisition ( $ 15.1 million in 2015 ) . this benefit was offset by higher employee-related costs and lower defined benefit plan income . ( in millions ) 2016 2015 . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2016</td><td>2015</td></tr><tr><td>2</td><td>general and administrative expense</td><td>$ -80.9 ( 80.9 )</td><td>$ -70.1 ( 70.1 )</td></tr><tr><td>3</td><td>defined benefit plan income</td><td>2.9</td><td>6.1</td></tr><tr><td>4</td><td>defined benefit plan recognition of actuarial losses</td><td>-1.9 ( 1.9 )</td><td>-2.5 ( 2.5 )</td></tr><tr><td>5</td><td>norcraft transaction costs ( a )</td><td>2014</td><td>-15.1 ( 15.1 )</td></tr><tr><td>6</td><td>total corporate expenses</td><td>$ -79.9 ( 79.9 )</td><td>$ -81.6 ( 81.6 )</td></tr></table> ( a ) represents external costs directly related to the acquisition of norcraft and primarily includes expenditures for banking , legal , accounting and other similar services . 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 . liquidity and capital resources our primary liquidity needs are to support working capital requirements , fund capital expenditures and service indebtedness , as well as to finance acquisitions , repurchase shares of our common stock and pay dividends to stockholders , as deemed appropriate . our principal sources of liquidity are cash on hand , cash flows from operating activities , availability under our credit facility and debt issuances in the capital markets . our operating income is generated by our subsidiaries . there are no restrictions on the ability of our subsidiaries to pay dividends or make other distributions to fortune brands . in december 2017 , our board of directors increased the quarterly cash dividend by 11% ( 11 % ) to $ 0.20 per share of our common stock . our board of directors will continue to evaluate dividend payment opportunities on a quarterly basis . there can be no assurance as to when and if future dividends will be paid , and at what level , because the payment of dividends is dependent on our financial condition , results of operations , cash flows , capital requirements and other factors deemed relevant by our board of directors . we periodically review our portfolio of brands and evaluate potential strategic transactions to increase shareholder value . however , we cannot predict whether or when we may enter into acquisitions , joint ventures or dispositions , make any purchases of shares of our common stock under our share repurchase program , or pay dividends , or what impact any such transactions could have on our results of operations , cash flows or financial condition , whether as a result of the issuance of debt or equity securities , or otherwise . our cash flows from operations , borrowing availability and overall liquidity are subject to certain risks and uncertainties , including those described in the section 201citem 1a . risk factors . 201d in june 2016 , the company amended and restated its credit agreement to combine and rollover the existing revolving credit facility and term loan into a new standalone $ 1.25 billion revolving credit facility . this amendment and restatement of the credit agreement was a non-cash transaction for the company . terms and conditions of the credit agreement , including the total commitment amount , essentially remained the same as under the 2011 credit agreement . the revolving credit facility will mature in june 2021 and borrowings thereunder will be used for general corporate purposes . on december 31 , 2017 and december 31 , 2016 , our outstanding borrowings under these facilities were $ 615.0 million and $ 540.0 million , respectively . at december 31 , 2017 and december 31 , 2016 , the current portion of long- term debt was zero . interest rates under the facility are variable based on libor at the time of the .
Conversations:
Question: what was the general and administrative expense in 2016?
Answer: | 80.9 | 0 | 2,199 |
convfinqa8049 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: corporate corporate expenses in 2016 benefited from the absence of transaction costs associated with the norcraft acquisition ( $ 15.1 million in 2015 ) . this benefit was offset by higher employee-related costs and lower defined benefit plan income . ( in millions ) 2016 2015 . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2016</td><td>2015</td></tr><tr><td>2</td><td>general and administrative expense</td><td>$ -80.9 ( 80.9 )</td><td>$ -70.1 ( 70.1 )</td></tr><tr><td>3</td><td>defined benefit plan income</td><td>2.9</td><td>6.1</td></tr><tr><td>4</td><td>defined benefit plan recognition of actuarial losses</td><td>-1.9 ( 1.9 )</td><td>-2.5 ( 2.5 )</td></tr><tr><td>5</td><td>norcraft transaction costs ( a )</td><td>2014</td><td>-15.1 ( 15.1 )</td></tr><tr><td>6</td><td>total corporate expenses</td><td>$ -79.9 ( 79.9 )</td><td>$ -81.6 ( 81.6 )</td></tr></table> ( a ) represents external costs directly related to the acquisition of norcraft and primarily includes expenditures for banking , legal , accounting and other similar services . 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 . liquidity and capital resources our primary liquidity needs are to support working capital requirements , fund capital expenditures and service indebtedness , as well as to finance acquisitions , repurchase shares of our common stock and pay dividends to stockholders , as deemed appropriate . our principal sources of liquidity are cash on hand , cash flows from operating activities , availability under our credit facility and debt issuances in the capital markets . our operating income is generated by our subsidiaries . there are no restrictions on the ability of our subsidiaries to pay dividends or make other distributions to fortune brands . in december 2017 , our board of directors increased the quarterly cash dividend by 11% ( 11 % ) to $ 0.20 per share of our common stock . our board of directors will continue to evaluate dividend payment opportunities on a quarterly basis . there can be no assurance as to when and if future dividends will be paid , and at what level , because the payment of dividends is dependent on our financial condition , results of operations , cash flows , capital requirements and other factors deemed relevant by our board of directors . we periodically review our portfolio of brands and evaluate potential strategic transactions to increase shareholder value . however , we cannot predict whether or when we may enter into acquisitions , joint ventures or dispositions , make any purchases of shares of our common stock under our share repurchase program , or pay dividends , or what impact any such transactions could have on our results of operations , cash flows or financial condition , whether as a result of the issuance of debt or equity securities , or otherwise . our cash flows from operations , borrowing availability and overall liquidity are subject to certain risks and uncertainties , including those described in the section 201citem 1a . risk factors . 201d in june 2016 , the company amended and restated its credit agreement to combine and rollover the existing revolving credit facility and term loan into a new standalone $ 1.25 billion revolving credit facility . this amendment and restatement of the credit agreement was a non-cash transaction for the company . terms and conditions of the credit agreement , including the total commitment amount , essentially remained the same as under the 2011 credit agreement . the revolving credit facility will mature in june 2021 and borrowings thereunder will be used for general corporate purposes . on december 31 , 2017 and december 31 , 2016 , our outstanding borrowings under these facilities were $ 615.0 million and $ 540.0 million , respectively . at december 31 , 2017 and december 31 , 2016 , the current portion of long- term debt was zero . interest rates under the facility are variable based on libor at the time of the .
Conversations:
q0: what was the general and administrative expense in 2016? 80.9
Question: and what was it in 2015?
Answer: | 70.1 | 1 | 2,199 |
convfinqa8050 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: corporate corporate expenses in 2016 benefited from the absence of transaction costs associated with the norcraft acquisition ( $ 15.1 million in 2015 ) . this benefit was offset by higher employee-related costs and lower defined benefit plan income . ( in millions ) 2016 2015 . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2016</td><td>2015</td></tr><tr><td>2</td><td>general and administrative expense</td><td>$ -80.9 ( 80.9 )</td><td>$ -70.1 ( 70.1 )</td></tr><tr><td>3</td><td>defined benefit plan income</td><td>2.9</td><td>6.1</td></tr><tr><td>4</td><td>defined benefit plan recognition of actuarial losses</td><td>-1.9 ( 1.9 )</td><td>-2.5 ( 2.5 )</td></tr><tr><td>5</td><td>norcraft transaction costs ( a )</td><td>2014</td><td>-15.1 ( 15.1 )</td></tr><tr><td>6</td><td>total corporate expenses</td><td>$ -79.9 ( 79.9 )</td><td>$ -81.6 ( 81.6 )</td></tr></table> ( a ) represents external costs directly related to the acquisition of norcraft and primarily includes expenditures for banking , legal , accounting and other similar services . 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 . liquidity and capital resources our primary liquidity needs are to support working capital requirements , fund capital expenditures and service indebtedness , as well as to finance acquisitions , repurchase shares of our common stock and pay dividends to stockholders , as deemed appropriate . our principal sources of liquidity are cash on hand , cash flows from operating activities , availability under our credit facility and debt issuances in the capital markets . our operating income is generated by our subsidiaries . there are no restrictions on the ability of our subsidiaries to pay dividends or make other distributions to fortune brands . in december 2017 , our board of directors increased the quarterly cash dividend by 11% ( 11 % ) to $ 0.20 per share of our common stock . our board of directors will continue to evaluate dividend payment opportunities on a quarterly basis . there can be no assurance as to when and if future dividends will be paid , and at what level , because the payment of dividends is dependent on our financial condition , results of operations , cash flows , capital requirements and other factors deemed relevant by our board of directors . we periodically review our portfolio of brands and evaluate potential strategic transactions to increase shareholder value . however , we cannot predict whether or when we may enter into acquisitions , joint ventures or dispositions , make any purchases of shares of our common stock under our share repurchase program , or pay dividends , or what impact any such transactions could have on our results of operations , cash flows or financial condition , whether as a result of the issuance of debt or equity securities , or otherwise . our cash flows from operations , borrowing availability and overall liquidity are subject to certain risks and uncertainties , including those described in the section 201citem 1a . risk factors . 201d in june 2016 , the company amended and restated its credit agreement to combine and rollover the existing revolving credit facility and term loan into a new standalone $ 1.25 billion revolving credit facility . this amendment and restatement of the credit agreement was a non-cash transaction for the company . terms and conditions of the credit agreement , including the total commitment amount , essentially remained the same as under the 2011 credit agreement . the revolving credit facility will mature in june 2021 and borrowings thereunder will be used for general corporate purposes . on december 31 , 2017 and december 31 , 2016 , our outstanding borrowings under these facilities were $ 615.0 million and $ 540.0 million , respectively . at december 31 , 2017 and december 31 , 2016 , the current portion of long- term debt was zero . interest rates under the facility are variable based on libor at the time of the .
Conversations:
q0: what was the general and administrative expense in 2016? 80.9
q1: and what was it in 2015? 70.1
Question: what was, then, the change over the year?
Answer: | 10.8 | 2 | 2,199 |
convfinqa8051 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: corporate corporate expenses in 2016 benefited from the absence of transaction costs associated with the norcraft acquisition ( $ 15.1 million in 2015 ) . this benefit was offset by higher employee-related costs and lower defined benefit plan income . ( in millions ) 2016 2015 . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2016</td><td>2015</td></tr><tr><td>2</td><td>general and administrative expense</td><td>$ -80.9 ( 80.9 )</td><td>$ -70.1 ( 70.1 )</td></tr><tr><td>3</td><td>defined benefit plan income</td><td>2.9</td><td>6.1</td></tr><tr><td>4</td><td>defined benefit plan recognition of actuarial losses</td><td>-1.9 ( 1.9 )</td><td>-2.5 ( 2.5 )</td></tr><tr><td>5</td><td>norcraft transaction costs ( a )</td><td>2014</td><td>-15.1 ( 15.1 )</td></tr><tr><td>6</td><td>total corporate expenses</td><td>$ -79.9 ( 79.9 )</td><td>$ -81.6 ( 81.6 )</td></tr></table> ( a ) represents external costs directly related to the acquisition of norcraft and primarily includes expenditures for banking , legal , accounting and other similar services . 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 . liquidity and capital resources our primary liquidity needs are to support working capital requirements , fund capital expenditures and service indebtedness , as well as to finance acquisitions , repurchase shares of our common stock and pay dividends to stockholders , as deemed appropriate . our principal sources of liquidity are cash on hand , cash flows from operating activities , availability under our credit facility and debt issuances in the capital markets . our operating income is generated by our subsidiaries . there are no restrictions on the ability of our subsidiaries to pay dividends or make other distributions to fortune brands . in december 2017 , our board of directors increased the quarterly cash dividend by 11% ( 11 % ) to $ 0.20 per share of our common stock . our board of directors will continue to evaluate dividend payment opportunities on a quarterly basis . there can be no assurance as to when and if future dividends will be paid , and at what level , because the payment of dividends is dependent on our financial condition , results of operations , cash flows , capital requirements and other factors deemed relevant by our board of directors . we periodically review our portfolio of brands and evaluate potential strategic transactions to increase shareholder value . however , we cannot predict whether or when we may enter into acquisitions , joint ventures or dispositions , make any purchases of shares of our common stock under our share repurchase program , or pay dividends , or what impact any such transactions could have on our results of operations , cash flows or financial condition , whether as a result of the issuance of debt or equity securities , or otherwise . our cash flows from operations , borrowing availability and overall liquidity are subject to certain risks and uncertainties , including those described in the section 201citem 1a . risk factors . 201d in june 2016 , the company amended and restated its credit agreement to combine and rollover the existing revolving credit facility and term loan into a new standalone $ 1.25 billion revolving credit facility . this amendment and restatement of the credit agreement was a non-cash transaction for the company . terms and conditions of the credit agreement , including the total commitment amount , essentially remained the same as under the 2011 credit agreement . the revolving credit facility will mature in june 2021 and borrowings thereunder will be used for general corporate purposes . on december 31 , 2017 and december 31 , 2016 , our outstanding borrowings under these facilities were $ 615.0 million and $ 540.0 million , respectively . at december 31 , 2017 and december 31 , 2016 , the current portion of long- term debt was zero . interest rates under the facility are variable based on libor at the time of the .
Conversations:
q0: what was the general and administrative expense in 2016? 80.9
q1: and what was it in 2015? 70.1
q2: what was, then, the change over the year? 10.8
Question: and what percentage does this change represent in relation to to the 2015 expense?
Answer: | 0.15407 | 3 | 2,199 |
convfinqa8052 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: corporate corporate expenses in 2016 benefited from the absence of transaction costs associated with the norcraft acquisition ( $ 15.1 million in 2015 ) . this benefit was offset by higher employee-related costs and lower defined benefit plan income . ( in millions ) 2016 2015 . <table class='wikitable'><tr><td>1</td><td>( in millions )</td><td>2016</td><td>2015</td></tr><tr><td>2</td><td>general and administrative expense</td><td>$ -80.9 ( 80.9 )</td><td>$ -70.1 ( 70.1 )</td></tr><tr><td>3</td><td>defined benefit plan income</td><td>2.9</td><td>6.1</td></tr><tr><td>4</td><td>defined benefit plan recognition of actuarial losses</td><td>-1.9 ( 1.9 )</td><td>-2.5 ( 2.5 )</td></tr><tr><td>5</td><td>norcraft transaction costs ( a )</td><td>2014</td><td>-15.1 ( 15.1 )</td></tr><tr><td>6</td><td>total corporate expenses</td><td>$ -79.9 ( 79.9 )</td><td>$ -81.6 ( 81.6 )</td></tr></table> ( a ) represents external costs directly related to the acquisition of norcraft and primarily includes expenditures for banking , legal , accounting and other similar services . 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 . liquidity and capital resources our primary liquidity needs are to support working capital requirements , fund capital expenditures and service indebtedness , as well as to finance acquisitions , repurchase shares of our common stock and pay dividends to stockholders , as deemed appropriate . our principal sources of liquidity are cash on hand , cash flows from operating activities , availability under our credit facility and debt issuances in the capital markets . our operating income is generated by our subsidiaries . there are no restrictions on the ability of our subsidiaries to pay dividends or make other distributions to fortune brands . in december 2017 , our board of directors increased the quarterly cash dividend by 11% ( 11 % ) to $ 0.20 per share of our common stock . our board of directors will continue to evaluate dividend payment opportunities on a quarterly basis . there can be no assurance as to when and if future dividends will be paid , and at what level , because the payment of dividends is dependent on our financial condition , results of operations , cash flows , capital requirements and other factors deemed relevant by our board of directors . we periodically review our portfolio of brands and evaluate potential strategic transactions to increase shareholder value . however , we cannot predict whether or when we may enter into acquisitions , joint ventures or dispositions , make any purchases of shares of our common stock under our share repurchase program , or pay dividends , or what impact any such transactions could have on our results of operations , cash flows or financial condition , whether as a result of the issuance of debt or equity securities , or otherwise . our cash flows from operations , borrowing availability and overall liquidity are subject to certain risks and uncertainties , including those described in the section 201citem 1a . risk factors . 201d in june 2016 , the company amended and restated its credit agreement to combine and rollover the existing revolving credit facility and term loan into a new standalone $ 1.25 billion revolving credit facility . this amendment and restatement of the credit agreement was a non-cash transaction for the company . terms and conditions of the credit agreement , including the total commitment amount , essentially remained the same as under the 2011 credit agreement . the revolving credit facility will mature in june 2021 and borrowings thereunder will be used for general corporate purposes . on december 31 , 2017 and december 31 , 2016 , our outstanding borrowings under these facilities were $ 615.0 million and $ 540.0 million , respectively . at december 31 , 2017 and december 31 , 2016 , the current portion of long- term debt was zero . interest rates under the facility are variable based on libor at the time of the .
Conversations:
q0: what was the general and administrative expense in 2016? 80.9
q1: and what was it in 2015? 70.1
q2: what was, then, the change over the year? 10.8
q3: and what percentage does this change represent in relation to to the 2015 expense? 0.15407
Question: in that same year of 2015, how much did the defined benefit plan income represent in relation to the defined benefit plan recognition of actuarial losses?
Answer: | -2.44 | 4 | 2,199 |
convfinqa8053 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: likely than not that some portion or all of the deferred tax assets will not be realized . the accruals for deferred tax assets and liabilities are subject to a significant amount of judgment by management and are reviewed and adjusted routinely based on changes in facts and circumstances . material changes in these accruals may occur in the future , based on the progress of ongoing tax audits , changes in legislation and resolution of pending tax matters . forward-looking estimates we are providing our 2011 forward-looking estimates in this section . these estimates were based on our examination of historical operating trends , the information used to prepare our december 31 , 2010 , reserve reports and other data in our possession or available from third parties . the forward-looking estimates in this report were prepared assuming demand , curtailment , producibility and general market conditions for our oil , gas and ngls during 2011 will be similar to 2010 , unless otherwise noted . we make reference to the 201cdisclosure regarding forward-looking statements 201d at the beginning of this report . amounts related to our canadian operations have been converted to u.s . dollars using an estimated average 2011 exchange rate of $ 0.95 dollar to $ 1.00 canadian dollar . during 2011 , our operations are substantially comprised of our ongoing north america onshore operations . we also have international operations in brazil and angola that we are divesting . we have entered into agreements to sell our assets in brazil for $ 3.2 billion and our assets in angola for $ 70 million , plus contingent consideration . as a result of these divestitures , all revenues , expenses and capital related to our international operations are reported as discontinued operations in our financial statements . additionally , all forward-looking estimates in this document exclude amounts related to our international operations , unless otherwise noted . north america onshore operating items the following 2011 estimates relate only to our north america onshore assets . oil , gas and ngl production set forth below are our estimates of oil , gas and ngl production for 2011 . we estimate that our combined oil , gas and ngl production will total approximately 236 to 240 mmboe . ( mmbbls ) ( mmbbls ) ( mmboe ) . <table class='wikitable'><tr><td>1</td><td></td><td>oil ( mmbbls )</td><td>gas ( bcf )</td><td>ngls ( mmbbls )</td><td>total ( mmboe )</td></tr><tr><td>2</td><td>u.s . onshore</td><td>17</td><td>736</td><td>34</td><td>174</td></tr><tr><td>3</td><td>canada</td><td>28</td><td>199</td><td>3</td><td>64</td></tr><tr><td>4</td><td>north america onshore</td><td>45</td><td>935</td><td>37</td><td>238</td></tr></table> oil and gas prices we expect our 2011 average prices for the oil and gas production from each of our operating areas to differ from the nymex price as set forth in the following table . the expected ranges for prices are exclusive of the anticipated effects of the financial contracts presented in the 201ccommodity price risk management 201d section below . the nymex price for oil is determined using the monthly average of settled prices on each trading day for benchmark west texas intermediate crude oil delivered at cushing , oklahoma . the nymex price for gas is determined using the first-of-month south louisiana henry hub price index as published monthly in inside .
Conversations:
Question: what portion of total mmboe came from canada?
Answer: | 0.26891 | 0 | 2,200 |
convfinqa8054 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: likely than not that some portion or all of the deferred tax assets will not be realized . the accruals for deferred tax assets and liabilities are subject to a significant amount of judgment by management and are reviewed and adjusted routinely based on changes in facts and circumstances . material changes in these accruals may occur in the future , based on the progress of ongoing tax audits , changes in legislation and resolution of pending tax matters . forward-looking estimates we are providing our 2011 forward-looking estimates in this section . these estimates were based on our examination of historical operating trends , the information used to prepare our december 31 , 2010 , reserve reports and other data in our possession or available from third parties . the forward-looking estimates in this report were prepared assuming demand , curtailment , producibility and general market conditions for our oil , gas and ngls during 2011 will be similar to 2010 , unless otherwise noted . we make reference to the 201cdisclosure regarding forward-looking statements 201d at the beginning of this report . amounts related to our canadian operations have been converted to u.s . dollars using an estimated average 2011 exchange rate of $ 0.95 dollar to $ 1.00 canadian dollar . during 2011 , our operations are substantially comprised of our ongoing north america onshore operations . we also have international operations in brazil and angola that we are divesting . we have entered into agreements to sell our assets in brazil for $ 3.2 billion and our assets in angola for $ 70 million , plus contingent consideration . as a result of these divestitures , all revenues , expenses and capital related to our international operations are reported as discontinued operations in our financial statements . additionally , all forward-looking estimates in this document exclude amounts related to our international operations , unless otherwise noted . north america onshore operating items the following 2011 estimates relate only to our north america onshore assets . oil , gas and ngl production set forth below are our estimates of oil , gas and ngl production for 2011 . we estimate that our combined oil , gas and ngl production will total approximately 236 to 240 mmboe . ( mmbbls ) ( mmbbls ) ( mmboe ) . <table class='wikitable'><tr><td>1</td><td></td><td>oil ( mmbbls )</td><td>gas ( bcf )</td><td>ngls ( mmbbls )</td><td>total ( mmboe )</td></tr><tr><td>2</td><td>u.s . onshore</td><td>17</td><td>736</td><td>34</td><td>174</td></tr><tr><td>3</td><td>canada</td><td>28</td><td>199</td><td>3</td><td>64</td></tr><tr><td>4</td><td>north america onshore</td><td>45</td><td>935</td><td>37</td><td>238</td></tr></table> oil and gas prices we expect our 2011 average prices for the oil and gas production from each of our operating areas to differ from the nymex price as set forth in the following table . the expected ranges for prices are exclusive of the anticipated effects of the financial contracts presented in the 201ccommodity price risk management 201d section below . the nymex price for oil is determined using the monthly average of settled prices on each trading day for benchmark west texas intermediate crude oil delivered at cushing , oklahoma . the nymex price for gas is determined using the first-of-month south louisiana henry hub price index as published monthly in inside .
Conversations:
q0: what portion of total mmboe came from canada? 0.26891
Question: and as a percentage?
Answer: | 26.89076 | 1 | 2,200 |
convfinqa8055 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: likely than not that some portion or all of the deferred tax assets will not be realized . the accruals for deferred tax assets and liabilities are subject to a significant amount of judgment by management and are reviewed and adjusted routinely based on changes in facts and circumstances . material changes in these accruals may occur in the future , based on the progress of ongoing tax audits , changes in legislation and resolution of pending tax matters . forward-looking estimates we are providing our 2011 forward-looking estimates in this section . these estimates were based on our examination of historical operating trends , the information used to prepare our december 31 , 2010 , reserve reports and other data in our possession or available from third parties . the forward-looking estimates in this report were prepared assuming demand , curtailment , producibility and general market conditions for our oil , gas and ngls during 2011 will be similar to 2010 , unless otherwise noted . we make reference to the 201cdisclosure regarding forward-looking statements 201d at the beginning of this report . amounts related to our canadian operations have been converted to u.s . dollars using an estimated average 2011 exchange rate of $ 0.95 dollar to $ 1.00 canadian dollar . during 2011 , our operations are substantially comprised of our ongoing north america onshore operations . we also have international operations in brazil and angola that we are divesting . we have entered into agreements to sell our assets in brazil for $ 3.2 billion and our assets in angola for $ 70 million , plus contingent consideration . as a result of these divestitures , all revenues , expenses and capital related to our international operations are reported as discontinued operations in our financial statements . additionally , all forward-looking estimates in this document exclude amounts related to our international operations , unless otherwise noted . north america onshore operating items the following 2011 estimates relate only to our north america onshore assets . oil , gas and ngl production set forth below are our estimates of oil , gas and ngl production for 2011 . we estimate that our combined oil , gas and ngl production will total approximately 236 to 240 mmboe . ( mmbbls ) ( mmbbls ) ( mmboe ) . <table class='wikitable'><tr><td>1</td><td></td><td>oil ( mmbbls )</td><td>gas ( bcf )</td><td>ngls ( mmbbls )</td><td>total ( mmboe )</td></tr><tr><td>2</td><td>u.s . onshore</td><td>17</td><td>736</td><td>34</td><td>174</td></tr><tr><td>3</td><td>canada</td><td>28</td><td>199</td><td>3</td><td>64</td></tr><tr><td>4</td><td>north america onshore</td><td>45</td><td>935</td><td>37</td><td>238</td></tr></table> oil and gas prices we expect our 2011 average prices for the oil and gas production from each of our operating areas to differ from the nymex price as set forth in the following table . the expected ranges for prices are exclusive of the anticipated effects of the financial contracts presented in the 201ccommodity price risk management 201d section below . the nymex price for oil is determined using the monthly average of settled prices on each trading day for benchmark west texas intermediate crude oil delivered at cushing , oklahoma . the nymex price for gas is determined using the first-of-month south louisiana henry hub price index as published monthly in inside .
Conversations:
q0: what portion of total mmboe came from canada? 0.26891
q1: and as a percentage? 26.89076
Question: what portion of north american gas comes from us onshore?
Answer: | 0.78717 | 2 | 2,200 |
convfinqa8056 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: likely than not that some portion or all of the deferred tax assets will not be realized . the accruals for deferred tax assets and liabilities are subject to a significant amount of judgment by management and are reviewed and adjusted routinely based on changes in facts and circumstances . material changes in these accruals may occur in the future , based on the progress of ongoing tax audits , changes in legislation and resolution of pending tax matters . forward-looking estimates we are providing our 2011 forward-looking estimates in this section . these estimates were based on our examination of historical operating trends , the information used to prepare our december 31 , 2010 , reserve reports and other data in our possession or available from third parties . the forward-looking estimates in this report were prepared assuming demand , curtailment , producibility and general market conditions for our oil , gas and ngls during 2011 will be similar to 2010 , unless otherwise noted . we make reference to the 201cdisclosure regarding forward-looking statements 201d at the beginning of this report . amounts related to our canadian operations have been converted to u.s . dollars using an estimated average 2011 exchange rate of $ 0.95 dollar to $ 1.00 canadian dollar . during 2011 , our operations are substantially comprised of our ongoing north america onshore operations . we also have international operations in brazil and angola that we are divesting . we have entered into agreements to sell our assets in brazil for $ 3.2 billion and our assets in angola for $ 70 million , plus contingent consideration . as a result of these divestitures , all revenues , expenses and capital related to our international operations are reported as discontinued operations in our financial statements . additionally , all forward-looking estimates in this document exclude amounts related to our international operations , unless otherwise noted . north america onshore operating items the following 2011 estimates relate only to our north america onshore assets . oil , gas and ngl production set forth below are our estimates of oil , gas and ngl production for 2011 . we estimate that our combined oil , gas and ngl production will total approximately 236 to 240 mmboe . ( mmbbls ) ( mmbbls ) ( mmboe ) . <table class='wikitable'><tr><td>1</td><td></td><td>oil ( mmbbls )</td><td>gas ( bcf )</td><td>ngls ( mmbbls )</td><td>total ( mmboe )</td></tr><tr><td>2</td><td>u.s . onshore</td><td>17</td><td>736</td><td>34</td><td>174</td></tr><tr><td>3</td><td>canada</td><td>28</td><td>199</td><td>3</td><td>64</td></tr><tr><td>4</td><td>north america onshore</td><td>45</td><td>935</td><td>37</td><td>238</td></tr></table> oil and gas prices we expect our 2011 average prices for the oil and gas production from each of our operating areas to differ from the nymex price as set forth in the following table . the expected ranges for prices are exclusive of the anticipated effects of the financial contracts presented in the 201ccommodity price risk management 201d section below . the nymex price for oil is determined using the monthly average of settled prices on each trading day for benchmark west texas intermediate crude oil delivered at cushing , oklahoma . the nymex price for gas is determined using the first-of-month south louisiana henry hub price index as published monthly in inside .
Conversations:
q0: what portion of total mmboe came from canada? 0.26891
q1: and as a percentage? 26.89076
q2: what portion of north american gas comes from us onshore? 0.78717
Question: and as a percentage?
Answer: | 78.71658 | 3 | 2,200 |
convfinqa8057 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: december 31 , december 31 , december 31 , december 31 , december 31 , december 31 . <table class='wikitable'><tr><td>1</td><td></td><td>december 312011</td><td>december 312012</td><td>december 312013</td><td>december 312014</td><td>december 312015</td><td>december 312016</td></tr><tr><td>2</td><td>disca</td><td>$ 100.00</td><td>$ 154.94</td><td>$ 220.70</td><td>$ 168.17</td><td>$ 130.24</td><td>$ 133.81</td></tr><tr><td>3</td><td>discb</td><td>$ 100.00</td><td>$ 150.40</td><td>$ 217.35</td><td>$ 175.04</td><td>$ 127.80</td><td>$ 137.83</td></tr><tr><td>4</td><td>disck</td><td>$ 100.00</td><td>$ 155.17</td><td>$ 222.44</td><td>$ 178.89</td><td>$ 133.79</td><td>$ 142.07</td></tr><tr><td>5</td><td>s&p 500</td><td>$ 100.00</td><td>$ 113.41</td><td>$ 146.98</td><td>$ 163.72</td><td>$ 162.53</td><td>$ 178.02</td></tr><tr><td>6</td><td>peer group</td><td>$ 100.00</td><td>$ 134.98</td><td>$ 220.77</td><td>$ 253.19</td><td>$ 243.93</td><td>$ 271.11</td></tr></table> equity compensation plan information information regarding securities authorized for issuance under equity compensation plans will be set forth in our definitive proxy statement for our 2017 annual meeting of stockholders under the caption 201csecurities authorized for issuance under equity compensation plans , 201d which is incorporated herein by reference . item 6 . selected financial data . the table set forth below presents our selected financial information for each of the past five years ( in millions , except per share amounts ) . the selected statement of operations information for each of the three years ended december 31 , 2016 and the selected balance sheet information as of december 31 , 2016 and 2015 have been derived from and should be read in conjunction with the information in item 7 , 201cmanagement 2019s discussion and analysis of financial condition and results of operations , 201d the audited consolidated financial statements included in item 8 , 201cfinancial statements and supplementary data , 201d and other financial information included elsewhere in this annual report on form 10-k . the selected statement of operations information for each of the two years ended december 31 , 2013 and 2012 and the selected balance sheet information as of december 31 , 2014 , 2013 and 2012 have been derived from financial statements not included in this annual report on form 10-k . 2016 2015 2014 2013 2012 selected statement of operations information : revenues $ 6497 $ 6394 $ 6265 $ 5535 $ 4487 operating income 2058 1985 2061 1975 1859 income from continuing operations , net of taxes 1218 1048 1137 1077 956 loss from discontinued operations , net of taxes 2014 2014 2014 2014 ( 11 ) net income 1218 1048 1137 1077 945 net income available to discovery communications , inc . 1194 1034 1139 1075 943 basic earnings per share available to discovery communications , inc . series a , b and c common stockholders : continuing operations $ 1.97 $ 1.59 $ 1.67 $ 1.50 $ 1.27 discontinued operations 2014 2014 2014 2014 ( 0.01 ) net income 1.97 1.59 1.67 1.50 1.25 diluted earnings per share available to discovery communications , inc . series a , b and c common stockholders : continuing operations $ 1.96 $ 1.58 $ 1.66 $ 1.49 $ 1.26 discontinued operations 2014 2014 2014 2014 ( 0.01 ) net income 1.96 1.58 1.66 1.49 1.24 weighted average shares outstanding : basic 401 432 454 484 498 diluted 610 656 687 722 759 selected balance sheet information : cash and cash equivalents $ 300 $ 390 $ 367 $ 408 $ 1201 total assets 15758 15864 15970 14934 12892 long-term debt : current portion 82 119 1107 17 31 long-term portion 7841 7616 6002 6437 5174 total liabilities 10348 10172 9619 8701 6599 redeemable noncontrolling interests 243 241 747 36 2014 equity attributable to discovery communications , inc . 5167 5451 5602 6196 6291 total equity $ 5167 $ 5451 $ 5604 $ 6197 $ 6293 2022 income per share amounts may not sum since each is calculated independently . 2022 on september 30 , 2016 , the company recorded an other-than-temporary impairment of $ 62 million related to its investment in lionsgate . on december 2 , 2016 , the company acquired a 39% ( 39 % ) minority interest in group nine media , a newly formed media holding company , in exchange for contributions of $ 100 million and the company's digital network businesses seeker and sourcefed , resulting in a gain of $ 50 million upon deconsolidation of the businesses . ( see note 4 to the accompanying consolidated financial statements. ) .
Conversations:
Question: what was the value of the disca in 2016?
Answer: | 133.81 | 0 | 2,201 |
convfinqa8058 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: december 31 , december 31 , december 31 , december 31 , december 31 , december 31 . <table class='wikitable'><tr><td>1</td><td></td><td>december 312011</td><td>december 312012</td><td>december 312013</td><td>december 312014</td><td>december 312015</td><td>december 312016</td></tr><tr><td>2</td><td>disca</td><td>$ 100.00</td><td>$ 154.94</td><td>$ 220.70</td><td>$ 168.17</td><td>$ 130.24</td><td>$ 133.81</td></tr><tr><td>3</td><td>discb</td><td>$ 100.00</td><td>$ 150.40</td><td>$ 217.35</td><td>$ 175.04</td><td>$ 127.80</td><td>$ 137.83</td></tr><tr><td>4</td><td>disck</td><td>$ 100.00</td><td>$ 155.17</td><td>$ 222.44</td><td>$ 178.89</td><td>$ 133.79</td><td>$ 142.07</td></tr><tr><td>5</td><td>s&p 500</td><td>$ 100.00</td><td>$ 113.41</td><td>$ 146.98</td><td>$ 163.72</td><td>$ 162.53</td><td>$ 178.02</td></tr><tr><td>6</td><td>peer group</td><td>$ 100.00</td><td>$ 134.98</td><td>$ 220.77</td><td>$ 253.19</td><td>$ 243.93</td><td>$ 271.11</td></tr></table> equity compensation plan information information regarding securities authorized for issuance under equity compensation plans will be set forth in our definitive proxy statement for our 2017 annual meeting of stockholders under the caption 201csecurities authorized for issuance under equity compensation plans , 201d which is incorporated herein by reference . item 6 . selected financial data . the table set forth below presents our selected financial information for each of the past five years ( in millions , except per share amounts ) . the selected statement of operations information for each of the three years ended december 31 , 2016 and the selected balance sheet information as of december 31 , 2016 and 2015 have been derived from and should be read in conjunction with the information in item 7 , 201cmanagement 2019s discussion and analysis of financial condition and results of operations , 201d the audited consolidated financial statements included in item 8 , 201cfinancial statements and supplementary data , 201d and other financial information included elsewhere in this annual report on form 10-k . the selected statement of operations information for each of the two years ended december 31 , 2013 and 2012 and the selected balance sheet information as of december 31 , 2014 , 2013 and 2012 have been derived from financial statements not included in this annual report on form 10-k . 2016 2015 2014 2013 2012 selected statement of operations information : revenues $ 6497 $ 6394 $ 6265 $ 5535 $ 4487 operating income 2058 1985 2061 1975 1859 income from continuing operations , net of taxes 1218 1048 1137 1077 956 loss from discontinued operations , net of taxes 2014 2014 2014 2014 ( 11 ) net income 1218 1048 1137 1077 945 net income available to discovery communications , inc . 1194 1034 1139 1075 943 basic earnings per share available to discovery communications , inc . series a , b and c common stockholders : continuing operations $ 1.97 $ 1.59 $ 1.67 $ 1.50 $ 1.27 discontinued operations 2014 2014 2014 2014 ( 0.01 ) net income 1.97 1.59 1.67 1.50 1.25 diluted earnings per share available to discovery communications , inc . series a , b and c common stockholders : continuing operations $ 1.96 $ 1.58 $ 1.66 $ 1.49 $ 1.26 discontinued operations 2014 2014 2014 2014 ( 0.01 ) net income 1.96 1.58 1.66 1.49 1.24 weighted average shares outstanding : basic 401 432 454 484 498 diluted 610 656 687 722 759 selected balance sheet information : cash and cash equivalents $ 300 $ 390 $ 367 $ 408 $ 1201 total assets 15758 15864 15970 14934 12892 long-term debt : current portion 82 119 1107 17 31 long-term portion 7841 7616 6002 6437 5174 total liabilities 10348 10172 9619 8701 6599 redeemable noncontrolling interests 243 241 747 36 2014 equity attributable to discovery communications , inc . 5167 5451 5602 6196 6291 total equity $ 5167 $ 5451 $ 5604 $ 6197 $ 6293 2022 income per share amounts may not sum since each is calculated independently . 2022 on september 30 , 2016 , the company recorded an other-than-temporary impairment of $ 62 million related to its investment in lionsgate . on december 2 , 2016 , the company acquired a 39% ( 39 % ) minority interest in group nine media , a newly formed media holding company , in exchange for contributions of $ 100 million and the company's digital network businesses seeker and sourcefed , resulting in a gain of $ 50 million upon deconsolidation of the businesses . ( see note 4 to the accompanying consolidated financial statements. ) .
Conversations:
q0: what was the value of the disca in 2016? 133.81
Question: and what was the change in its value from 2011 to 2016??
Answer: | 33.81 | 1 | 2,201 |
convfinqa8059 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: december 31 , december 31 , december 31 , december 31 , december 31 , december 31 . <table class='wikitable'><tr><td>1</td><td></td><td>december 312011</td><td>december 312012</td><td>december 312013</td><td>december 312014</td><td>december 312015</td><td>december 312016</td></tr><tr><td>2</td><td>disca</td><td>$ 100.00</td><td>$ 154.94</td><td>$ 220.70</td><td>$ 168.17</td><td>$ 130.24</td><td>$ 133.81</td></tr><tr><td>3</td><td>discb</td><td>$ 100.00</td><td>$ 150.40</td><td>$ 217.35</td><td>$ 175.04</td><td>$ 127.80</td><td>$ 137.83</td></tr><tr><td>4</td><td>disck</td><td>$ 100.00</td><td>$ 155.17</td><td>$ 222.44</td><td>$ 178.89</td><td>$ 133.79</td><td>$ 142.07</td></tr><tr><td>5</td><td>s&p 500</td><td>$ 100.00</td><td>$ 113.41</td><td>$ 146.98</td><td>$ 163.72</td><td>$ 162.53</td><td>$ 178.02</td></tr><tr><td>6</td><td>peer group</td><td>$ 100.00</td><td>$ 134.98</td><td>$ 220.77</td><td>$ 253.19</td><td>$ 243.93</td><td>$ 271.11</td></tr></table> equity compensation plan information information regarding securities authorized for issuance under equity compensation plans will be set forth in our definitive proxy statement for our 2017 annual meeting of stockholders under the caption 201csecurities authorized for issuance under equity compensation plans , 201d which is incorporated herein by reference . item 6 . selected financial data . the table set forth below presents our selected financial information for each of the past five years ( in millions , except per share amounts ) . the selected statement of operations information for each of the three years ended december 31 , 2016 and the selected balance sheet information as of december 31 , 2016 and 2015 have been derived from and should be read in conjunction with the information in item 7 , 201cmanagement 2019s discussion and analysis of financial condition and results of operations , 201d the audited consolidated financial statements included in item 8 , 201cfinancial statements and supplementary data , 201d and other financial information included elsewhere in this annual report on form 10-k . the selected statement of operations information for each of the two years ended december 31 , 2013 and 2012 and the selected balance sheet information as of december 31 , 2014 , 2013 and 2012 have been derived from financial statements not included in this annual report on form 10-k . 2016 2015 2014 2013 2012 selected statement of operations information : revenues $ 6497 $ 6394 $ 6265 $ 5535 $ 4487 operating income 2058 1985 2061 1975 1859 income from continuing operations , net of taxes 1218 1048 1137 1077 956 loss from discontinued operations , net of taxes 2014 2014 2014 2014 ( 11 ) net income 1218 1048 1137 1077 945 net income available to discovery communications , inc . 1194 1034 1139 1075 943 basic earnings per share available to discovery communications , inc . series a , b and c common stockholders : continuing operations $ 1.97 $ 1.59 $ 1.67 $ 1.50 $ 1.27 discontinued operations 2014 2014 2014 2014 ( 0.01 ) net income 1.97 1.59 1.67 1.50 1.25 diluted earnings per share available to discovery communications , inc . series a , b and c common stockholders : continuing operations $ 1.96 $ 1.58 $ 1.66 $ 1.49 $ 1.26 discontinued operations 2014 2014 2014 2014 ( 0.01 ) net income 1.96 1.58 1.66 1.49 1.24 weighted average shares outstanding : basic 401 432 454 484 498 diluted 610 656 687 722 759 selected balance sheet information : cash and cash equivalents $ 300 $ 390 $ 367 $ 408 $ 1201 total assets 15758 15864 15970 14934 12892 long-term debt : current portion 82 119 1107 17 31 long-term portion 7841 7616 6002 6437 5174 total liabilities 10348 10172 9619 8701 6599 redeemable noncontrolling interests 243 241 747 36 2014 equity attributable to discovery communications , inc . 5167 5451 5602 6196 6291 total equity $ 5167 $ 5451 $ 5604 $ 6197 $ 6293 2022 income per share amounts may not sum since each is calculated independently . 2022 on september 30 , 2016 , the company recorded an other-than-temporary impairment of $ 62 million related to its investment in lionsgate . on december 2 , 2016 , the company acquired a 39% ( 39 % ) minority interest in group nine media , a newly formed media holding company , in exchange for contributions of $ 100 million and the company's digital network businesses seeker and sourcefed , resulting in a gain of $ 50 million upon deconsolidation of the businesses . ( see note 4 to the accompanying consolidated financial statements. ) .
Conversations:
q0: what was the value of the disca in 2016? 133.81
q1: and what was the change in its value from 2011 to 2016?? 33.81
Question: how much, then, does this change represent in relation to the original value of 2011?
Answer: | 0.3381 | 2 | 2,201 |
convfinqa8060 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: fixed-price purchase options available in the leases could potentially provide benefits to us ; however , these benefits are not expected to be significant . we maintain and operate the assets based on contractual obligations within the lease arrangements , which set specific guidelines consistent within the railroad industry . as such , we have no control over activities that could materially impact the fair value of the leased assets . we do not hold the power to direct the activities of the vies and , therefore , do not control the ongoing activities that have a significant impact on the economic performance of the vies . additionally , we do not have the obligation to absorb losses of the vies or the right to receive benefits of the vies that could potentially be significant to the we are not considered to be the primary beneficiary and do not consolidate these vies because our actions and decisions do not have the most significant effect on the vie 2019s performance and our fixed-price purchase price options are not considered to be potentially significant to the vie 2019s . the future minimum lease payments associated with the vie leases totaled $ 3.6 billion as of december 31 , 2012 . 16 . leases we lease certain locomotives , freight cars , and other property . the consolidated statements of financial position as of december 31 , 2012 and 2011 included $ 2467 million , net of $ 966 million of accumulated depreciation , and $ 2458 million , net of $ 915 million of accumulated depreciation , respectively , for properties held under capital leases . a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income . future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2012 , were as follows : millions operating leases capital leases . <table class='wikitable'><tr><td>1</td><td>millions</td><td>operatingleases</td><td>capitalleases</td></tr><tr><td>2</td><td>2013</td><td>$ 525</td><td>$ 282</td></tr><tr><td>3</td><td>2014</td><td>466</td><td>265</td></tr><tr><td>4</td><td>2015</td><td>410</td><td>253</td></tr><tr><td>5</td><td>2016</td><td>375</td><td>232</td></tr><tr><td>6</td><td>2017</td><td>339</td><td>243</td></tr><tr><td>7</td><td>later years</td><td>2126</td><td>1166</td></tr><tr><td>8</td><td>total minimum leasepayments</td><td>$ 4241</td><td>$ 2441</td></tr><tr><td>9</td><td>amount representing interest</td><td>n/a</td><td>-593 ( 593 )</td></tr><tr><td>10</td><td>present value of minimum leasepayments</td><td>n/a</td><td>$ 1848</td></tr></table> approximately 94% ( 94 % ) of capital lease payments relate to locomotives . rent expense for operating leases with terms exceeding one month was $ 631 million in 2012 , $ 637 million in 2011 , and $ 624 million in 2010 . when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term . contingent rentals and sub-rentals are not significant . 17 . commitments and contingencies asserted and unasserted claims 2013 various claims and lawsuits are pending against us and certain of our subsidiaries . we cannot fully determine the effect of all asserted and unasserted claims on our consolidated results of operations , financial condition , or liquidity ; however , to the extent possible , where asserted and unasserted claims are considered probable and where such claims can be reasonably estimated , we have recorded a liability . we do not expect that any known lawsuits , claims , environmental costs , commitments , contingent liabilities , or guarantees will have a material adverse effect on our consolidated results of operations , financial condition , or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters . personal injury 2013 the cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year . we use an actuarial analysis to measure the expense and liability , including unasserted claims . the federal employers 2019 liability act ( fela ) governs compensation for work-related accidents . under fela , damages .
Conversations:
Question: what are total minimum payments for operating leases?
Answer: | 4241.0 | 0 | 2,202 |
convfinqa8061 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: fixed-price purchase options available in the leases could potentially provide benefits to us ; however , these benefits are not expected to be significant . we maintain and operate the assets based on contractual obligations within the lease arrangements , which set specific guidelines consistent within the railroad industry . as such , we have no control over activities that could materially impact the fair value of the leased assets . we do not hold the power to direct the activities of the vies and , therefore , do not control the ongoing activities that have a significant impact on the economic performance of the vies . additionally , we do not have the obligation to absorb losses of the vies or the right to receive benefits of the vies that could potentially be significant to the we are not considered to be the primary beneficiary and do not consolidate these vies because our actions and decisions do not have the most significant effect on the vie 2019s performance and our fixed-price purchase price options are not considered to be potentially significant to the vie 2019s . the future minimum lease payments associated with the vie leases totaled $ 3.6 billion as of december 31 , 2012 . 16 . leases we lease certain locomotives , freight cars , and other property . the consolidated statements of financial position as of december 31 , 2012 and 2011 included $ 2467 million , net of $ 966 million of accumulated depreciation , and $ 2458 million , net of $ 915 million of accumulated depreciation , respectively , for properties held under capital leases . a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income . future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2012 , were as follows : millions operating leases capital leases . <table class='wikitable'><tr><td>1</td><td>millions</td><td>operatingleases</td><td>capitalleases</td></tr><tr><td>2</td><td>2013</td><td>$ 525</td><td>$ 282</td></tr><tr><td>3</td><td>2014</td><td>466</td><td>265</td></tr><tr><td>4</td><td>2015</td><td>410</td><td>253</td></tr><tr><td>5</td><td>2016</td><td>375</td><td>232</td></tr><tr><td>6</td><td>2017</td><td>339</td><td>243</td></tr><tr><td>7</td><td>later years</td><td>2126</td><td>1166</td></tr><tr><td>8</td><td>total minimum leasepayments</td><td>$ 4241</td><td>$ 2441</td></tr><tr><td>9</td><td>amount representing interest</td><td>n/a</td><td>-593 ( 593 )</td></tr><tr><td>10</td><td>present value of minimum leasepayments</td><td>n/a</td><td>$ 1848</td></tr></table> approximately 94% ( 94 % ) of capital lease payments relate to locomotives . rent expense for operating leases with terms exceeding one month was $ 631 million in 2012 , $ 637 million in 2011 , and $ 624 million in 2010 . when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term . contingent rentals and sub-rentals are not significant . 17 . commitments and contingencies asserted and unasserted claims 2013 various claims and lawsuits are pending against us and certain of our subsidiaries . we cannot fully determine the effect of all asserted and unasserted claims on our consolidated results of operations , financial condition , or liquidity ; however , to the extent possible , where asserted and unasserted claims are considered probable and where such claims can be reasonably estimated , we have recorded a liability . we do not expect that any known lawsuits , claims , environmental costs , commitments , contingent liabilities , or guarantees will have a material adverse effect on our consolidated results of operations , financial condition , or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters . personal injury 2013 the cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year . we use an actuarial analysis to measure the expense and liability , including unasserted claims . the federal employers 2019 liability act ( fela ) governs compensation for work-related accidents . under fela , damages .
Conversations:
q0: what are total minimum payments for operating leases? 4241.0
Question: what is the total minimum payments for capital leases?
Answer: | 2441.0 | 1 | 2,202 |
convfinqa8062 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: fixed-price purchase options available in the leases could potentially provide benefits to us ; however , these benefits are not expected to be significant . we maintain and operate the assets based on contractual obligations within the lease arrangements , which set specific guidelines consistent within the railroad industry . as such , we have no control over activities that could materially impact the fair value of the leased assets . we do not hold the power to direct the activities of the vies and , therefore , do not control the ongoing activities that have a significant impact on the economic performance of the vies . additionally , we do not have the obligation to absorb losses of the vies or the right to receive benefits of the vies that could potentially be significant to the we are not considered to be the primary beneficiary and do not consolidate these vies because our actions and decisions do not have the most significant effect on the vie 2019s performance and our fixed-price purchase price options are not considered to be potentially significant to the vie 2019s . the future minimum lease payments associated with the vie leases totaled $ 3.6 billion as of december 31 , 2012 . 16 . leases we lease certain locomotives , freight cars , and other property . the consolidated statements of financial position as of december 31 , 2012 and 2011 included $ 2467 million , net of $ 966 million of accumulated depreciation , and $ 2458 million , net of $ 915 million of accumulated depreciation , respectively , for properties held under capital leases . a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income . future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2012 , were as follows : millions operating leases capital leases . <table class='wikitable'><tr><td>1</td><td>millions</td><td>operatingleases</td><td>capitalleases</td></tr><tr><td>2</td><td>2013</td><td>$ 525</td><td>$ 282</td></tr><tr><td>3</td><td>2014</td><td>466</td><td>265</td></tr><tr><td>4</td><td>2015</td><td>410</td><td>253</td></tr><tr><td>5</td><td>2016</td><td>375</td><td>232</td></tr><tr><td>6</td><td>2017</td><td>339</td><td>243</td></tr><tr><td>7</td><td>later years</td><td>2126</td><td>1166</td></tr><tr><td>8</td><td>total minimum leasepayments</td><td>$ 4241</td><td>$ 2441</td></tr><tr><td>9</td><td>amount representing interest</td><td>n/a</td><td>-593 ( 593 )</td></tr><tr><td>10</td><td>present value of minimum leasepayments</td><td>n/a</td><td>$ 1848</td></tr></table> approximately 94% ( 94 % ) of capital lease payments relate to locomotives . rent expense for operating leases with terms exceeding one month was $ 631 million in 2012 , $ 637 million in 2011 , and $ 624 million in 2010 . when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term . contingent rentals and sub-rentals are not significant . 17 . commitments and contingencies asserted and unasserted claims 2013 various claims and lawsuits are pending against us and certain of our subsidiaries . we cannot fully determine the effect of all asserted and unasserted claims on our consolidated results of operations , financial condition , or liquidity ; however , to the extent possible , where asserted and unasserted claims are considered probable and where such claims can be reasonably estimated , we have recorded a liability . we do not expect that any known lawsuits , claims , environmental costs , commitments , contingent liabilities , or guarantees will have a material adverse effect on our consolidated results of operations , financial condition , or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters . personal injury 2013 the cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year . we use an actuarial analysis to measure the expense and liability , including unasserted claims . the federal employers 2019 liability act ( fela ) governs compensation for work-related accidents . under fela , damages .
Conversations:
q0: what are total minimum payments for operating leases? 4241.0
q1: what is the total minimum payments for capital leases? 2441.0
Question: what is the sum?
Answer: | 6682.0 | 2 | 2,202 |
convfinqa8063 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: fixed-price purchase options available in the leases could potentially provide benefits to us ; however , these benefits are not expected to be significant . we maintain and operate the assets based on contractual obligations within the lease arrangements , which set specific guidelines consistent within the railroad industry . as such , we have no control over activities that could materially impact the fair value of the leased assets . we do not hold the power to direct the activities of the vies and , therefore , do not control the ongoing activities that have a significant impact on the economic performance of the vies . additionally , we do not have the obligation to absorb losses of the vies or the right to receive benefits of the vies that could potentially be significant to the we are not considered to be the primary beneficiary and do not consolidate these vies because our actions and decisions do not have the most significant effect on the vie 2019s performance and our fixed-price purchase price options are not considered to be potentially significant to the vie 2019s . the future minimum lease payments associated with the vie leases totaled $ 3.6 billion as of december 31 , 2012 . 16 . leases we lease certain locomotives , freight cars , and other property . the consolidated statements of financial position as of december 31 , 2012 and 2011 included $ 2467 million , net of $ 966 million of accumulated depreciation , and $ 2458 million , net of $ 915 million of accumulated depreciation , respectively , for properties held under capital leases . a charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our consolidated statements of income . future minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of december 31 , 2012 , were as follows : millions operating leases capital leases . <table class='wikitable'><tr><td>1</td><td>millions</td><td>operatingleases</td><td>capitalleases</td></tr><tr><td>2</td><td>2013</td><td>$ 525</td><td>$ 282</td></tr><tr><td>3</td><td>2014</td><td>466</td><td>265</td></tr><tr><td>4</td><td>2015</td><td>410</td><td>253</td></tr><tr><td>5</td><td>2016</td><td>375</td><td>232</td></tr><tr><td>6</td><td>2017</td><td>339</td><td>243</td></tr><tr><td>7</td><td>later years</td><td>2126</td><td>1166</td></tr><tr><td>8</td><td>total minimum leasepayments</td><td>$ 4241</td><td>$ 2441</td></tr><tr><td>9</td><td>amount representing interest</td><td>n/a</td><td>-593 ( 593 )</td></tr><tr><td>10</td><td>present value of minimum leasepayments</td><td>n/a</td><td>$ 1848</td></tr></table> approximately 94% ( 94 % ) of capital lease payments relate to locomotives . rent expense for operating leases with terms exceeding one month was $ 631 million in 2012 , $ 637 million in 2011 , and $ 624 million in 2010 . when cash rental payments are not made on a straight-line basis , we recognize variable rental expense on a straight-line basis over the lease term . contingent rentals and sub-rentals are not significant . 17 . commitments and contingencies asserted and unasserted claims 2013 various claims and lawsuits are pending against us and certain of our subsidiaries . we cannot fully determine the effect of all asserted and unasserted claims on our consolidated results of operations , financial condition , or liquidity ; however , to the extent possible , where asserted and unasserted claims are considered probable and where such claims can be reasonably estimated , we have recorded a liability . we do not expect that any known lawsuits , claims , environmental costs , commitments , contingent liabilities , or guarantees will have a material adverse effect on our consolidated results of operations , financial condition , or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters . personal injury 2013 the cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year . we use an actuarial analysis to measure the expense and liability , including unasserted claims . the federal employers 2019 liability act ( fela ) governs compensation for work-related accidents . under fela , damages .
Conversations:
q0: what are total minimum payments for operating leases? 4241.0
q1: what is the total minimum payments for capital leases? 2441.0
q2: what is the sum? 6682.0
Question: what is the value for capital payments over the sum?
Answer: | 0.36531 | 3 | 2,202 |
convfinqa8064 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: volatility of capital markets or macroeconomic factors could adversely affect our business . changes in financial and capital markets , including market disruptions , limited liquidity , uncertainty regarding brexit , and interest rate volatility , including as a result of the use or discontinued use of certain benchmark rates such as libor , may increase the cost of financing as well as the risks of refinancing maturing debt . in addition , our borrowing costs can be affected by short and long-term ratings assigned by rating organizations . a decrease in these ratings could limit our access to capital markets and increase our borrowing costs , which could materially and adversely affect our financial condition and operating results . some of our customers and counterparties are highly leveraged . consolidations in some of the industries in which our customers operate have created larger customers , some of which are highly leveraged and facing increased competition and continued credit market volatility . these factors have caused some customers to be less profitable , increasing our exposure to credit risk . a significant adverse change in the financial and/or credit position of a customer or counterparty could require us to assume greater credit risk relating to that customer or counterparty and could limit our ability to collect receivables . this could have an adverse impact on our financial condition and liquidity . item 1b . unresolved staff comments . item 2 . properties . our corporate co-headquarters are located in pittsburgh , pennsylvania and chicago , illinois . our co-headquarters are leased and house certain executive offices , our u.s . business units , and our administrative , finance , legal , and human resource functions . we maintain additional owned and leased offices throughout the regions in which we operate . we manufacture our products in our network of manufacturing and processing facilities located throughout the world . as of december 29 , 2018 , we operated 84 manufacturing and processing facilities . we own 81 and lease three of these facilities . our manufacturing and processing facilities count by segment as of december 29 , 2018 was: . <table class='wikitable'><tr><td>1</td><td></td><td>owned</td><td>leased</td></tr><tr><td>2</td><td>united states</td><td>40</td><td>1</td></tr><tr><td>3</td><td>canada</td><td>2</td><td>2014</td></tr><tr><td>4</td><td>emea</td><td>12</td><td>2014</td></tr><tr><td>5</td><td>rest of world</td><td>27</td><td>2</td></tr></table> we maintain all of our manufacturing and processing facilities in good condition and believe they are suitable and are adequate for our present needs . we also enter into co-manufacturing arrangements with third parties if we determine it is advantageous to outsource the production of any of our products . in the fourth quarter of 2018 , we announced our plans to divest certain assets and operations , predominantly in canada and india , including one owned manufacturing facility in canada and one owned and one leased facility in india . see note 5 , acquisitions and divestitures , in item 8 , financial statements and supplementary data , for additional information on these transactions . item 3 . legal proceedings . see note 18 , commitments and contingencies , in item 8 , financial statements and supplementary data . item 4 . mine safety disclosures . not applicable . part ii item 5 . market for registrant's common equity , related stockholder matters and issuer purchases of equity securities . our common stock is listed on nasdaq under the ticker symbol 201ckhc 201d . at june 5 , 2019 , there were approximately 49000 holders of record of our common stock . see equity and dividends in item 7 , management 2019s discussion and analysis of financial condition and results of operations , for a discussion of cash dividends declared on our common stock. .
Conversations:
Question: what is the number of facilities located in the rest of the world?
Answer: | 29.0 | 0 | 2,203 |
convfinqa8065 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: volatility of capital markets or macroeconomic factors could adversely affect our business . changes in financial and capital markets , including market disruptions , limited liquidity , uncertainty regarding brexit , and interest rate volatility , including as a result of the use or discontinued use of certain benchmark rates such as libor , may increase the cost of financing as well as the risks of refinancing maturing debt . in addition , our borrowing costs can be affected by short and long-term ratings assigned by rating organizations . a decrease in these ratings could limit our access to capital markets and increase our borrowing costs , which could materially and adversely affect our financial condition and operating results . some of our customers and counterparties are highly leveraged . consolidations in some of the industries in which our customers operate have created larger customers , some of which are highly leveraged and facing increased competition and continued credit market volatility . these factors have caused some customers to be less profitable , increasing our exposure to credit risk . a significant adverse change in the financial and/or credit position of a customer or counterparty could require us to assume greater credit risk relating to that customer or counterparty and could limit our ability to collect receivables . this could have an adverse impact on our financial condition and liquidity . item 1b . unresolved staff comments . item 2 . properties . our corporate co-headquarters are located in pittsburgh , pennsylvania and chicago , illinois . our co-headquarters are leased and house certain executive offices , our u.s . business units , and our administrative , finance , legal , and human resource functions . we maintain additional owned and leased offices throughout the regions in which we operate . we manufacture our products in our network of manufacturing and processing facilities located throughout the world . as of december 29 , 2018 , we operated 84 manufacturing and processing facilities . we own 81 and lease three of these facilities . our manufacturing and processing facilities count by segment as of december 29 , 2018 was: . <table class='wikitable'><tr><td>1</td><td></td><td>owned</td><td>leased</td></tr><tr><td>2</td><td>united states</td><td>40</td><td>1</td></tr><tr><td>3</td><td>canada</td><td>2</td><td>2014</td></tr><tr><td>4</td><td>emea</td><td>12</td><td>2014</td></tr><tr><td>5</td><td>rest of world</td><td>27</td><td>2</td></tr></table> we maintain all of our manufacturing and processing facilities in good condition and believe they are suitable and are adequate for our present needs . we also enter into co-manufacturing arrangements with third parties if we determine it is advantageous to outsource the production of any of our products . in the fourth quarter of 2018 , we announced our plans to divest certain assets and operations , predominantly in canada and india , including one owned manufacturing facility in canada and one owned and one leased facility in india . see note 5 , acquisitions and divestitures , in item 8 , financial statements and supplementary data , for additional information on these transactions . item 3 . legal proceedings . see note 18 , commitments and contingencies , in item 8 , financial statements and supplementary data . item 4 . mine safety disclosures . not applicable . part ii item 5 . market for registrant's common equity , related stockholder matters and issuer purchases of equity securities . our common stock is listed on nasdaq under the ticker symbol 201ckhc 201d . at june 5 , 2019 , there were approximately 49000 holders of record of our common stock . see equity and dividends in item 7 , management 2019s discussion and analysis of financial condition and results of operations , for a discussion of cash dividends declared on our common stock. .
Conversations:
q0: what is the number of facilities located in the rest of the world? 29.0
Question: what portion of total facilities is located in the rest of the world?
Answer: | 0.34524 | 1 | 2,203 |
convfinqa8066 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: volatility of capital markets or macroeconomic factors could adversely affect our business . changes in financial and capital markets , including market disruptions , limited liquidity , uncertainty regarding brexit , and interest rate volatility , including as a result of the use or discontinued use of certain benchmark rates such as libor , may increase the cost of financing as well as the risks of refinancing maturing debt . in addition , our borrowing costs can be affected by short and long-term ratings assigned by rating organizations . a decrease in these ratings could limit our access to capital markets and increase our borrowing costs , which could materially and adversely affect our financial condition and operating results . some of our customers and counterparties are highly leveraged . consolidations in some of the industries in which our customers operate have created larger customers , some of which are highly leveraged and facing increased competition and continued credit market volatility . these factors have caused some customers to be less profitable , increasing our exposure to credit risk . a significant adverse change in the financial and/or credit position of a customer or counterparty could require us to assume greater credit risk relating to that customer or counterparty and could limit our ability to collect receivables . this could have an adverse impact on our financial condition and liquidity . item 1b . unresolved staff comments . item 2 . properties . our corporate co-headquarters are located in pittsburgh , pennsylvania and chicago , illinois . our co-headquarters are leased and house certain executive offices , our u.s . business units , and our administrative , finance , legal , and human resource functions . we maintain additional owned and leased offices throughout the regions in which we operate . we manufacture our products in our network of manufacturing and processing facilities located throughout the world . as of december 29 , 2018 , we operated 84 manufacturing and processing facilities . we own 81 and lease three of these facilities . our manufacturing and processing facilities count by segment as of december 29 , 2018 was: . <table class='wikitable'><tr><td>1</td><td></td><td>owned</td><td>leased</td></tr><tr><td>2</td><td>united states</td><td>40</td><td>1</td></tr><tr><td>3</td><td>canada</td><td>2</td><td>2014</td></tr><tr><td>4</td><td>emea</td><td>12</td><td>2014</td></tr><tr><td>5</td><td>rest of world</td><td>27</td><td>2</td></tr></table> we maintain all of our manufacturing and processing facilities in good condition and believe they are suitable and are adequate for our present needs . we also enter into co-manufacturing arrangements with third parties if we determine it is advantageous to outsource the production of any of our products . in the fourth quarter of 2018 , we announced our plans to divest certain assets and operations , predominantly in canada and india , including one owned manufacturing facility in canada and one owned and one leased facility in india . see note 5 , acquisitions and divestitures , in item 8 , financial statements and supplementary data , for additional information on these transactions . item 3 . legal proceedings . see note 18 , commitments and contingencies , in item 8 , financial statements and supplementary data . item 4 . mine safety disclosures . not applicable . part ii item 5 . market for registrant's common equity , related stockholder matters and issuer purchases of equity securities . our common stock is listed on nasdaq under the ticker symbol 201ckhc 201d . at june 5 , 2019 , there were approximately 49000 holders of record of our common stock . see equity and dividends in item 7 , management 2019s discussion and analysis of financial condition and results of operations , for a discussion of cash dividends declared on our common stock. .
Conversations:
q0: what is the number of facilities located in the rest of the world? 29.0
q1: what portion of total facilities is located in the rest of the world? 0.34524
Question: what is the total number of facilities?
Answer: | 84.0 | 2 | 2,203 |
convfinqa8067 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: volatility of capital markets or macroeconomic factors could adversely affect our business . changes in financial and capital markets , including market disruptions , limited liquidity , uncertainty regarding brexit , and interest rate volatility , including as a result of the use or discontinued use of certain benchmark rates such as libor , may increase the cost of financing as well as the risks of refinancing maturing debt . in addition , our borrowing costs can be affected by short and long-term ratings assigned by rating organizations . a decrease in these ratings could limit our access to capital markets and increase our borrowing costs , which could materially and adversely affect our financial condition and operating results . some of our customers and counterparties are highly leveraged . consolidations in some of the industries in which our customers operate have created larger customers , some of which are highly leveraged and facing increased competition and continued credit market volatility . these factors have caused some customers to be less profitable , increasing our exposure to credit risk . a significant adverse change in the financial and/or credit position of a customer or counterparty could require us to assume greater credit risk relating to that customer or counterparty and could limit our ability to collect receivables . this could have an adverse impact on our financial condition and liquidity . item 1b . unresolved staff comments . item 2 . properties . our corporate co-headquarters are located in pittsburgh , pennsylvania and chicago , illinois . our co-headquarters are leased and house certain executive offices , our u.s . business units , and our administrative , finance , legal , and human resource functions . we maintain additional owned and leased offices throughout the regions in which we operate . we manufacture our products in our network of manufacturing and processing facilities located throughout the world . as of december 29 , 2018 , we operated 84 manufacturing and processing facilities . we own 81 and lease three of these facilities . our manufacturing and processing facilities count by segment as of december 29 , 2018 was: . <table class='wikitable'><tr><td>1</td><td></td><td>owned</td><td>leased</td></tr><tr><td>2</td><td>united states</td><td>40</td><td>1</td></tr><tr><td>3</td><td>canada</td><td>2</td><td>2014</td></tr><tr><td>4</td><td>emea</td><td>12</td><td>2014</td></tr><tr><td>5</td><td>rest of world</td><td>27</td><td>2</td></tr></table> we maintain all of our manufacturing and processing facilities in good condition and believe they are suitable and are adequate for our present needs . we also enter into co-manufacturing arrangements with third parties if we determine it is advantageous to outsource the production of any of our products . in the fourth quarter of 2018 , we announced our plans to divest certain assets and operations , predominantly in canada and india , including one owned manufacturing facility in canada and one owned and one leased facility in india . see note 5 , acquisitions and divestitures , in item 8 , financial statements and supplementary data , for additional information on these transactions . item 3 . legal proceedings . see note 18 , commitments and contingencies , in item 8 , financial statements and supplementary data . item 4 . mine safety disclosures . not applicable . part ii item 5 . market for registrant's common equity , related stockholder matters and issuer purchases of equity securities . our common stock is listed on nasdaq under the ticker symbol 201ckhc 201d . at june 5 , 2019 , there were approximately 49000 holders of record of our common stock . see equity and dividends in item 7 , management 2019s discussion and analysis of financial condition and results of operations , for a discussion of cash dividends declared on our common stock. .
Conversations:
q0: what is the number of facilities located in the rest of the world? 29.0
q1: what portion of total facilities is located in the rest of the world? 0.34524
q2: what is the total number of facilities? 84.0
Question: what portion is leased?
Answer: | 0.03571 | 3 | 2,203 |
convfinqa8068 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: proceeds from the sale of equity securities . from time to time , we raise funds through public offerings of our equity securities . in addition , we receive proceeds from sales of our equity securities pursuant to our stock option and stock purchase plans . for the year ended december 31 , 2004 , we received approximately $ 40.6 million in proceeds from sales of shares of our class a common stock and the common stock of atc mexico pursuant to our stock option and stock purchase plans . financing activities during the year ended december 31 , 2004 , we took several actions to increase our financial flexibility and reduce our interest costs . new credit facility . in may 2004 , we refinanced our previous credit facility with a new $ 1.1 billion senior secured credit facility . at closing , we received $ 685.5 million of net proceeds from the borrowings under the new facility , after deducting related expenses and fees , approximately $ 670.0 million of which we used to repay principal and interest under the previous credit facility . we used the remaining net proceeds of $ 15.5 million for general corporate purposes , including the repurchase of other outstanding debt securities . the new credit facility consists of the following : 2022 $ 400.0 million in undrawn revolving loan commitments , against which approximately $ 19.3 million of undrawn letters of credit were outstanding at december 31 , 2004 , maturing on february 28 , 2011 ; 2022 a $ 300.0 million term loan a , which is fully drawn , maturing on february 28 , 2011 ; and 2022 a $ 398.0 million term loan b , which is fully drawn , maturing on august 31 , 2011 . the new credit facility extends the previous credit facility maturity dates from 2007 to 2011 for a majority of the borrowings outstanding , subject to earlier maturity upon the occurrence of certain events described below , and allows us to use credit facility borrowings and internally generated funds to repurchase other indebtedness without additional lender approval . the new credit facility is guaranteed by us and is secured by a pledge of substantially all of our assets . the maturity date for term loan a and any outstanding revolving loans will be accelerated to august 15 , 2008 , and the maturity date for term loan b will be accelerated to october 31 , 2008 , if ( 1 ) on or prior to august 1 , 2008 , our 93 20448% ( 20448 % ) senior notes have not been ( a ) refinanced with parent company indebtedness having a maturity date of february 28 , 2012 or later or with loans under the new credit facility , or ( b ) repaid , prepaid , redeemed , repurchased or otherwise retired , and ( 2 ) our consolidated leverage ratio ( total parent company debt to annualized operating cash flow ) at june 30 , 2008 is greater than 4.50 to 1.00 . if this were to occur , the payments due in 2008 for term loan a and term loan b would be $ 225.0 million and $ 386.0 million , respectively . note offerings . during 2004 , we raised approximately $ 1.1 billion in net proceeds from the sale of debt securities through institutional private placements as follows ( in millions ) : debt security date of offering principal amount approximate net proceeds . <table class='wikitable'><tr><td>1</td><td>debt security</td><td>date of offering</td><td>principal amount</td><td>approximate net proceeds</td></tr><tr><td>2</td><td>7.50% ( 7.50 % ) senior notes due 2012</td><td>february 2004</td><td>$ 225.0</td><td>$ 221.7</td></tr><tr><td>3</td><td>3.00% ( 3.00 % ) convertible notes due august 15 2012</td><td>august 2004</td><td>345.0</td><td>335.9</td></tr><tr><td>4</td><td>7.125% ( 7.125 % ) senior notes due 2012</td><td>october 2004</td><td>300.0</td><td>292.8</td></tr><tr><td>5</td><td>7.125% ( 7.125 % ) senior notes due 2012</td><td>december 2004</td><td>200.0</td><td>199.8</td></tr><tr><td>6</td><td>total</td><td></td><td>$ 1070.0</td><td>$ 1050.2</td></tr></table> 2022 7.50% ( 7.50 % ) senior notes offering . in february 2004 , we sold $ 225.0 million principal amount of our 7.50% ( 7.50 % ) senior notes due 2012 through an institutional private placement . the 7.50% ( 7.50 % ) senior notes mature on may 1 , 2012 , and interest is payable semiannually in arrears on may 1 and november 1 of each year. .
Conversations:
Question: what is the principal amount for the 7.50% senior notes due 2012?
Answer: | 225.0 | 0 | 2,204 |
convfinqa8069 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: proceeds from the sale of equity securities . from time to time , we raise funds through public offerings of our equity securities . in addition , we receive proceeds from sales of our equity securities pursuant to our stock option and stock purchase plans . for the year ended december 31 , 2004 , we received approximately $ 40.6 million in proceeds from sales of shares of our class a common stock and the common stock of atc mexico pursuant to our stock option and stock purchase plans . financing activities during the year ended december 31 , 2004 , we took several actions to increase our financial flexibility and reduce our interest costs . new credit facility . in may 2004 , we refinanced our previous credit facility with a new $ 1.1 billion senior secured credit facility . at closing , we received $ 685.5 million of net proceeds from the borrowings under the new facility , after deducting related expenses and fees , approximately $ 670.0 million of which we used to repay principal and interest under the previous credit facility . we used the remaining net proceeds of $ 15.5 million for general corporate purposes , including the repurchase of other outstanding debt securities . the new credit facility consists of the following : 2022 $ 400.0 million in undrawn revolving loan commitments , against which approximately $ 19.3 million of undrawn letters of credit were outstanding at december 31 , 2004 , maturing on february 28 , 2011 ; 2022 a $ 300.0 million term loan a , which is fully drawn , maturing on february 28 , 2011 ; and 2022 a $ 398.0 million term loan b , which is fully drawn , maturing on august 31 , 2011 . the new credit facility extends the previous credit facility maturity dates from 2007 to 2011 for a majority of the borrowings outstanding , subject to earlier maturity upon the occurrence of certain events described below , and allows us to use credit facility borrowings and internally generated funds to repurchase other indebtedness without additional lender approval . the new credit facility is guaranteed by us and is secured by a pledge of substantially all of our assets . the maturity date for term loan a and any outstanding revolving loans will be accelerated to august 15 , 2008 , and the maturity date for term loan b will be accelerated to october 31 , 2008 , if ( 1 ) on or prior to august 1 , 2008 , our 93 20448% ( 20448 % ) senior notes have not been ( a ) refinanced with parent company indebtedness having a maturity date of february 28 , 2012 or later or with loans under the new credit facility , or ( b ) repaid , prepaid , redeemed , repurchased or otherwise retired , and ( 2 ) our consolidated leverage ratio ( total parent company debt to annualized operating cash flow ) at june 30 , 2008 is greater than 4.50 to 1.00 . if this were to occur , the payments due in 2008 for term loan a and term loan b would be $ 225.0 million and $ 386.0 million , respectively . note offerings . during 2004 , we raised approximately $ 1.1 billion in net proceeds from the sale of debt securities through institutional private placements as follows ( in millions ) : debt security date of offering principal amount approximate net proceeds . <table class='wikitable'><tr><td>1</td><td>debt security</td><td>date of offering</td><td>principal amount</td><td>approximate net proceeds</td></tr><tr><td>2</td><td>7.50% ( 7.50 % ) senior notes due 2012</td><td>february 2004</td><td>$ 225.0</td><td>$ 221.7</td></tr><tr><td>3</td><td>3.00% ( 3.00 % ) convertible notes due august 15 2012</td><td>august 2004</td><td>345.0</td><td>335.9</td></tr><tr><td>4</td><td>7.125% ( 7.125 % ) senior notes due 2012</td><td>october 2004</td><td>300.0</td><td>292.8</td></tr><tr><td>5</td><td>7.125% ( 7.125 % ) senior notes due 2012</td><td>december 2004</td><td>200.0</td><td>199.8</td></tr><tr><td>6</td><td>total</td><td></td><td>$ 1070.0</td><td>$ 1050.2</td></tr></table> 2022 7.50% ( 7.50 % ) senior notes offering . in february 2004 , we sold $ 225.0 million principal amount of our 7.50% ( 7.50 % ) senior notes due 2012 through an institutional private placement . the 7.50% ( 7.50 % ) senior notes mature on may 1 , 2012 , and interest is payable semiannually in arrears on may 1 and november 1 of each year. .
Conversations:
q0: what is the principal amount for the 7.50% senior notes due 2012? 225.0
Question: what about the annual interest rate?
Answer: | 0.075 | 1 | 2,204 |
convfinqa8070 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: proceeds from the sale of equity securities . from time to time , we raise funds through public offerings of our equity securities . in addition , we receive proceeds from sales of our equity securities pursuant to our stock option and stock purchase plans . for the year ended december 31 , 2004 , we received approximately $ 40.6 million in proceeds from sales of shares of our class a common stock and the common stock of atc mexico pursuant to our stock option and stock purchase plans . financing activities during the year ended december 31 , 2004 , we took several actions to increase our financial flexibility and reduce our interest costs . new credit facility . in may 2004 , we refinanced our previous credit facility with a new $ 1.1 billion senior secured credit facility . at closing , we received $ 685.5 million of net proceeds from the borrowings under the new facility , after deducting related expenses and fees , approximately $ 670.0 million of which we used to repay principal and interest under the previous credit facility . we used the remaining net proceeds of $ 15.5 million for general corporate purposes , including the repurchase of other outstanding debt securities . the new credit facility consists of the following : 2022 $ 400.0 million in undrawn revolving loan commitments , against which approximately $ 19.3 million of undrawn letters of credit were outstanding at december 31 , 2004 , maturing on february 28 , 2011 ; 2022 a $ 300.0 million term loan a , which is fully drawn , maturing on february 28 , 2011 ; and 2022 a $ 398.0 million term loan b , which is fully drawn , maturing on august 31 , 2011 . the new credit facility extends the previous credit facility maturity dates from 2007 to 2011 for a majority of the borrowings outstanding , subject to earlier maturity upon the occurrence of certain events described below , and allows us to use credit facility borrowings and internally generated funds to repurchase other indebtedness without additional lender approval . the new credit facility is guaranteed by us and is secured by a pledge of substantially all of our assets . the maturity date for term loan a and any outstanding revolving loans will be accelerated to august 15 , 2008 , and the maturity date for term loan b will be accelerated to october 31 , 2008 , if ( 1 ) on or prior to august 1 , 2008 , our 93 20448% ( 20448 % ) senior notes have not been ( a ) refinanced with parent company indebtedness having a maturity date of february 28 , 2012 or later or with loans under the new credit facility , or ( b ) repaid , prepaid , redeemed , repurchased or otherwise retired , and ( 2 ) our consolidated leverage ratio ( total parent company debt to annualized operating cash flow ) at june 30 , 2008 is greater than 4.50 to 1.00 . if this were to occur , the payments due in 2008 for term loan a and term loan b would be $ 225.0 million and $ 386.0 million , respectively . note offerings . during 2004 , we raised approximately $ 1.1 billion in net proceeds from the sale of debt securities through institutional private placements as follows ( in millions ) : debt security date of offering principal amount approximate net proceeds . <table class='wikitable'><tr><td>1</td><td>debt security</td><td>date of offering</td><td>principal amount</td><td>approximate net proceeds</td></tr><tr><td>2</td><td>7.50% ( 7.50 % ) senior notes due 2012</td><td>february 2004</td><td>$ 225.0</td><td>$ 221.7</td></tr><tr><td>3</td><td>3.00% ( 3.00 % ) convertible notes due august 15 2012</td><td>august 2004</td><td>345.0</td><td>335.9</td></tr><tr><td>4</td><td>7.125% ( 7.125 % ) senior notes due 2012</td><td>october 2004</td><td>300.0</td><td>292.8</td></tr><tr><td>5</td><td>7.125% ( 7.125 % ) senior notes due 2012</td><td>december 2004</td><td>200.0</td><td>199.8</td></tr><tr><td>6</td><td>total</td><td></td><td>$ 1070.0</td><td>$ 1050.2</td></tr></table> 2022 7.50% ( 7.50 % ) senior notes offering . in february 2004 , we sold $ 225.0 million principal amount of our 7.50% ( 7.50 % ) senior notes due 2012 through an institutional private placement . the 7.50% ( 7.50 % ) senior notes mature on may 1 , 2012 , and interest is payable semiannually in arrears on may 1 and november 1 of each year. .
Conversations:
q0: what is the principal amount for the 7.50% senior notes due 2012? 225.0
q1: what about the annual interest rate? 0.075
Question: what annual interest expense does this represent?
Answer: | 16.875 | 2 | 2,204 |
convfinqa8071 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: proceeds from the sale of equity securities . from time to time , we raise funds through public offerings of our equity securities . in addition , we receive proceeds from sales of our equity securities pursuant to our stock option and stock purchase plans . for the year ended december 31 , 2004 , we received approximately $ 40.6 million in proceeds from sales of shares of our class a common stock and the common stock of atc mexico pursuant to our stock option and stock purchase plans . financing activities during the year ended december 31 , 2004 , we took several actions to increase our financial flexibility and reduce our interest costs . new credit facility . in may 2004 , we refinanced our previous credit facility with a new $ 1.1 billion senior secured credit facility . at closing , we received $ 685.5 million of net proceeds from the borrowings under the new facility , after deducting related expenses and fees , approximately $ 670.0 million of which we used to repay principal and interest under the previous credit facility . we used the remaining net proceeds of $ 15.5 million for general corporate purposes , including the repurchase of other outstanding debt securities . the new credit facility consists of the following : 2022 $ 400.0 million in undrawn revolving loan commitments , against which approximately $ 19.3 million of undrawn letters of credit were outstanding at december 31 , 2004 , maturing on february 28 , 2011 ; 2022 a $ 300.0 million term loan a , which is fully drawn , maturing on february 28 , 2011 ; and 2022 a $ 398.0 million term loan b , which is fully drawn , maturing on august 31 , 2011 . the new credit facility extends the previous credit facility maturity dates from 2007 to 2011 for a majority of the borrowings outstanding , subject to earlier maturity upon the occurrence of certain events described below , and allows us to use credit facility borrowings and internally generated funds to repurchase other indebtedness without additional lender approval . the new credit facility is guaranteed by us and is secured by a pledge of substantially all of our assets . the maturity date for term loan a and any outstanding revolving loans will be accelerated to august 15 , 2008 , and the maturity date for term loan b will be accelerated to october 31 , 2008 , if ( 1 ) on or prior to august 1 , 2008 , our 93 20448% ( 20448 % ) senior notes have not been ( a ) refinanced with parent company indebtedness having a maturity date of february 28 , 2012 or later or with loans under the new credit facility , or ( b ) repaid , prepaid , redeemed , repurchased or otherwise retired , and ( 2 ) our consolidated leverage ratio ( total parent company debt to annualized operating cash flow ) at june 30 , 2008 is greater than 4.50 to 1.00 . if this were to occur , the payments due in 2008 for term loan a and term loan b would be $ 225.0 million and $ 386.0 million , respectively . note offerings . during 2004 , we raised approximately $ 1.1 billion in net proceeds from the sale of debt securities through institutional private placements as follows ( in millions ) : debt security date of offering principal amount approximate net proceeds . <table class='wikitable'><tr><td>1</td><td>debt security</td><td>date of offering</td><td>principal amount</td><td>approximate net proceeds</td></tr><tr><td>2</td><td>7.50% ( 7.50 % ) senior notes due 2012</td><td>february 2004</td><td>$ 225.0</td><td>$ 221.7</td></tr><tr><td>3</td><td>3.00% ( 3.00 % ) convertible notes due august 15 2012</td><td>august 2004</td><td>345.0</td><td>335.9</td></tr><tr><td>4</td><td>7.125% ( 7.125 % ) senior notes due 2012</td><td>october 2004</td><td>300.0</td><td>292.8</td></tr><tr><td>5</td><td>7.125% ( 7.125 % ) senior notes due 2012</td><td>december 2004</td><td>200.0</td><td>199.8</td></tr><tr><td>6</td><td>total</td><td></td><td>$ 1070.0</td><td>$ 1050.2</td></tr></table> 2022 7.50% ( 7.50 % ) senior notes offering . in february 2004 , we sold $ 225.0 million principal amount of our 7.50% ( 7.50 % ) senior notes due 2012 through an institutional private placement . the 7.50% ( 7.50 % ) senior notes mature on may 1 , 2012 , and interest is payable semiannually in arrears on may 1 and november 1 of each year. .
Conversations:
q0: what is the principal amount for the 7.50% senior notes due 2012? 225.0
q1: what about the annual interest rate? 0.075
q2: what annual interest expense does this represent? 16.875
Question: what about the annual interest expense related to the 3.00% convertible notes due in 2012?
Answer: | 10.35 | 3 | 2,204 |
convfinqa8072 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: republic services , inc . notes to consolidated financial statements 2014 ( continued ) in december 2008 , the board of directors amended and restated the republic services , inc . 2006 incentive stock plan ( formerly known as the allied waste industries , inc . 2006 incentive stock plan ( the 2006 plan ) ) . allied 2019s shareholders approved the 2006 plan in may 2006 . the 2006 plan was amended and restated in december 2008 to reflect republic as the new sponsor of the plan , and that any references to shares of common stock are to shares of common stock of republic , and to adjust outstanding awards and the number of shares available under the plan to reflect the allied acquisition . the 2006 plan , as amended and restated , provided for the grant of non- qualified stock options , incentive stock options , shares of restricted stock , shares of phantom stock , stock bonuses , restricted stock units , stock appreciation rights , performance awards , dividend equivalents , cash awards , or other stock-based awards . awards granted under the 2006 plan prior to december 5 , 2008 became fully vested and nonforfeitable upon the closing of the allied acquisition . no further awards will be made under the 2006 stock options we use a lattice binomial option-pricing model to value our stock option grants . we recognize compensation expense on a straight-line basis over the requisite service period for each separately vesting portion of the award , or to the employee 2019s retirement eligible date , if earlier . expected volatility is based on the weighted average of the most recent one year volatility and a historical rolling average volatility of our stock over the expected life of the option . the risk-free interest rate is based on federal reserve rates in effect for bonds with maturity dates equal to the expected term of the option . we use historical data to estimate future option exercises , forfeitures ( at 3.0% ( 3.0 % ) for each of the periods presented ) and expected life of the options . when appropriate , separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes . the weighted-average estimated fair values of stock options granted during the years ended december 31 , 2014 , 2013 and 2012 were $ 5.74 , $ 5.27 and $ 4.77 per option , respectively , which were calculated using the following weighted-average assumptions: . <table class='wikitable'><tr><td>1</td><td></td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>expected volatility</td><td>27.5% ( 27.5 % )</td><td>28.9% ( 28.9 % )</td><td>27.8% ( 27.8 % )</td></tr><tr><td>3</td><td>risk-free interest rate</td><td>1.4% ( 1.4 % )</td><td>0.7% ( 0.7 % )</td><td>0.8% ( 0.8 % )</td></tr><tr><td>4</td><td>dividend yield</td><td>3.2% ( 3.2 % )</td><td>3.2% ( 3.2 % )</td><td>3.2% ( 3.2 % )</td></tr><tr><td>5</td><td>expected life ( in years )</td><td>4.6</td><td>4.5</td><td>4.5</td></tr><tr><td>6</td><td>contractual life ( in years )</td><td>7.0</td><td>7.0</td><td>7.0</td></tr></table> .
Conversations:
Question: what was the net change in expected volatility from 2012 to 2013?
Answer: | 1.1 | 0 | 2,205 |
convfinqa8073 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: republic services , inc . notes to consolidated financial statements 2014 ( continued ) in december 2008 , the board of directors amended and restated the republic services , inc . 2006 incentive stock plan ( formerly known as the allied waste industries , inc . 2006 incentive stock plan ( the 2006 plan ) ) . allied 2019s shareholders approved the 2006 plan in may 2006 . the 2006 plan was amended and restated in december 2008 to reflect republic as the new sponsor of the plan , and that any references to shares of common stock are to shares of common stock of republic , and to adjust outstanding awards and the number of shares available under the plan to reflect the allied acquisition . the 2006 plan , as amended and restated , provided for the grant of non- qualified stock options , incentive stock options , shares of restricted stock , shares of phantom stock , stock bonuses , restricted stock units , stock appreciation rights , performance awards , dividend equivalents , cash awards , or other stock-based awards . awards granted under the 2006 plan prior to december 5 , 2008 became fully vested and nonforfeitable upon the closing of the allied acquisition . no further awards will be made under the 2006 stock options we use a lattice binomial option-pricing model to value our stock option grants . we recognize compensation expense on a straight-line basis over the requisite service period for each separately vesting portion of the award , or to the employee 2019s retirement eligible date , if earlier . expected volatility is based on the weighted average of the most recent one year volatility and a historical rolling average volatility of our stock over the expected life of the option . the risk-free interest rate is based on federal reserve rates in effect for bonds with maturity dates equal to the expected term of the option . we use historical data to estimate future option exercises , forfeitures ( at 3.0% ( 3.0 % ) for each of the periods presented ) and expected life of the options . when appropriate , separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes . the weighted-average estimated fair values of stock options granted during the years ended december 31 , 2014 , 2013 and 2012 were $ 5.74 , $ 5.27 and $ 4.77 per option , respectively , which were calculated using the following weighted-average assumptions: . <table class='wikitable'><tr><td>1</td><td></td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>expected volatility</td><td>27.5% ( 27.5 % )</td><td>28.9% ( 28.9 % )</td><td>27.8% ( 27.8 % )</td></tr><tr><td>3</td><td>risk-free interest rate</td><td>1.4% ( 1.4 % )</td><td>0.7% ( 0.7 % )</td><td>0.8% ( 0.8 % )</td></tr><tr><td>4</td><td>dividend yield</td><td>3.2% ( 3.2 % )</td><td>3.2% ( 3.2 % )</td><td>3.2% ( 3.2 % )</td></tr><tr><td>5</td><td>expected life ( in years )</td><td>4.6</td><td>4.5</td><td>4.5</td></tr><tr><td>6</td><td>contractual life ( in years )</td><td>7.0</td><td>7.0</td><td>7.0</td></tr></table> .
Conversations:
q0: what was the net change in expected volatility from 2012 to 2013? 1.1
Question: what was expected volatility in 2012?
Answer: | 27.8 | 1 | 2,205 |
convfinqa8074 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: republic services , inc . notes to consolidated financial statements 2014 ( continued ) in december 2008 , the board of directors amended and restated the republic services , inc . 2006 incentive stock plan ( formerly known as the allied waste industries , inc . 2006 incentive stock plan ( the 2006 plan ) ) . allied 2019s shareholders approved the 2006 plan in may 2006 . the 2006 plan was amended and restated in december 2008 to reflect republic as the new sponsor of the plan , and that any references to shares of common stock are to shares of common stock of republic , and to adjust outstanding awards and the number of shares available under the plan to reflect the allied acquisition . the 2006 plan , as amended and restated , provided for the grant of non- qualified stock options , incentive stock options , shares of restricted stock , shares of phantom stock , stock bonuses , restricted stock units , stock appreciation rights , performance awards , dividend equivalents , cash awards , or other stock-based awards . awards granted under the 2006 plan prior to december 5 , 2008 became fully vested and nonforfeitable upon the closing of the allied acquisition . no further awards will be made under the 2006 stock options we use a lattice binomial option-pricing model to value our stock option grants . we recognize compensation expense on a straight-line basis over the requisite service period for each separately vesting portion of the award , or to the employee 2019s retirement eligible date , if earlier . expected volatility is based on the weighted average of the most recent one year volatility and a historical rolling average volatility of our stock over the expected life of the option . the risk-free interest rate is based on federal reserve rates in effect for bonds with maturity dates equal to the expected term of the option . we use historical data to estimate future option exercises , forfeitures ( at 3.0% ( 3.0 % ) for each of the periods presented ) and expected life of the options . when appropriate , separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes . the weighted-average estimated fair values of stock options granted during the years ended december 31 , 2014 , 2013 and 2012 were $ 5.74 , $ 5.27 and $ 4.77 per option , respectively , which were calculated using the following weighted-average assumptions: . <table class='wikitable'><tr><td>1</td><td></td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>expected volatility</td><td>27.5% ( 27.5 % )</td><td>28.9% ( 28.9 % )</td><td>27.8% ( 27.8 % )</td></tr><tr><td>3</td><td>risk-free interest rate</td><td>1.4% ( 1.4 % )</td><td>0.7% ( 0.7 % )</td><td>0.8% ( 0.8 % )</td></tr><tr><td>4</td><td>dividend yield</td><td>3.2% ( 3.2 % )</td><td>3.2% ( 3.2 % )</td><td>3.2% ( 3.2 % )</td></tr><tr><td>5</td><td>expected life ( in years )</td><td>4.6</td><td>4.5</td><td>4.5</td></tr><tr><td>6</td><td>contractual life ( in years )</td><td>7.0</td><td>7.0</td><td>7.0</td></tr></table> .
Conversations:
q0: what was the net change in expected volatility from 2012 to 2013? 1.1
q1: what was expected volatility in 2012? 27.8
Question: what is the percent change?
Answer: | 0.03957 | 2 | 2,205 |
convfinqa8075 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: republic services , inc . notes to consolidated financial statements 2014 ( continued ) 11 . employee benefit plans stock-based compensation in february 2007 , our board of directors approved the 2007 stock incentive plan ( 2007 plan ) , and in may 2007 our shareholders ratified the 2007 plan . in march 2011 , our board of directors approved the amended and restated 2007 stock incentive plan , and in may 2011 our shareholders ratified the amended and restated 2007 stock incentive plan . in march 2013 , our board of directors approved the republic services , inc . amended and restated 2007 stock incentive plan ( the amended and restated plan ) , and in may 2013 our shareholders ratified the amended and restated plan . we currently have approximately 15.6 million shares of common stock reserved for future grants under the amended and restated plan . options granted under the 2007 plan and the amended and restated plan are non-qualified and are granted at a price equal to the fair market value of our common stock at the date of grant . generally , options granted have a term of seven to ten years from the date of grant , and vest in increments of 25% ( 25 % ) per year over a period of four years beginning on the first anniversary date of the grant . options granted to non-employee directors have a term of ten years and are fully vested at the grant date . in december 2008 , the board of directors amended and restated the republic services , inc . 2006 incentive stock plan ( formerly known as the allied waste industries , inc . 2006 incentive stock plan ) ( the 2006 plan ) . allied 2019s shareholders approved the 2006 plan in may 2006 . the 2006 plan was amended and restated in december 2008 to reflect republic as the new sponsor of the plan , to reflect that any references to shares of common stock are to shares of common stock of republic , and to adjust outstanding awards and the number of shares available under the plan to reflect the allied acquisition . the 2006 plan , as amended and restated , provided for the grant of non- qualified stock options , incentive stock options , shares of restricted stock , shares of phantom stock , stock bonuses , restricted stock units , stock appreciation rights , performance awards , dividend equivalents , cash awards , or other stock-based awards . awards granted under the 2006 plan prior to december 5 , 2008 became fully vested and nonforfeitable upon the closing of the allied acquisition . no further awards will be made under the 2006 stock options we use a lattice binomial option-pricing model to value our stock option grants . we recognize compensation expense on a straight-line basis over the requisite service period for each separately vesting portion of the award , or to the employee 2019s retirement eligible date , if earlier . expected volatility is based on the weighted average of the most recent one year volatility and a historical rolling average volatility of our stock over the expected life of the option . the risk-free interest rate is based on federal reserve rates in effect for bonds with maturity dates equal to the expected term of the option . we use historical data to estimate future option exercises , forfeitures ( at 3.0% ( 3.0 % ) for 2014 and 2013 ) and expected life of the options . when appropriate , separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes . we did not grant stock options during the year ended december 31 , 2015 . the weighted-average estimated fair values of stock options granted during the years ended december 31 , 2014 and 2013 were $ 5.74 and $ 5.27 per option , respectively , which were calculated using the following weighted-average assumptions: . <table class='wikitable'><tr><td>1</td><td></td><td>2014</td><td>2013</td></tr><tr><td>2</td><td>expected volatility</td><td>27.5% ( 27.5 % )</td><td>28.9% ( 28.9 % )</td></tr><tr><td>3</td><td>risk-free interest rate</td><td>1.4% ( 1.4 % )</td><td>0.7% ( 0.7 % )</td></tr><tr><td>4</td><td>dividend yield</td><td>3.2% ( 3.2 % )</td><td>3.2% ( 3.2 % )</td></tr><tr><td>5</td><td>expected life ( in years )</td><td>4.6</td><td>4.5</td></tr><tr><td>6</td><td>contractual life ( in years )</td><td>7.0</td><td>7.0</td></tr></table> .
Conversations:
Question: what was the difference in expected volatility between 2013 and 2014?
Answer: | -1.4 | 0 | 2,206 |
convfinqa8076 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: republic services , inc . notes to consolidated financial statements 2014 ( continued ) 11 . employee benefit plans stock-based compensation in february 2007 , our board of directors approved the 2007 stock incentive plan ( 2007 plan ) , and in may 2007 our shareholders ratified the 2007 plan . in march 2011 , our board of directors approved the amended and restated 2007 stock incentive plan , and in may 2011 our shareholders ratified the amended and restated 2007 stock incentive plan . in march 2013 , our board of directors approved the republic services , inc . amended and restated 2007 stock incentive plan ( the amended and restated plan ) , and in may 2013 our shareholders ratified the amended and restated plan . we currently have approximately 15.6 million shares of common stock reserved for future grants under the amended and restated plan . options granted under the 2007 plan and the amended and restated plan are non-qualified and are granted at a price equal to the fair market value of our common stock at the date of grant . generally , options granted have a term of seven to ten years from the date of grant , and vest in increments of 25% ( 25 % ) per year over a period of four years beginning on the first anniversary date of the grant . options granted to non-employee directors have a term of ten years and are fully vested at the grant date . in december 2008 , the board of directors amended and restated the republic services , inc . 2006 incentive stock plan ( formerly known as the allied waste industries , inc . 2006 incentive stock plan ) ( the 2006 plan ) . allied 2019s shareholders approved the 2006 plan in may 2006 . the 2006 plan was amended and restated in december 2008 to reflect republic as the new sponsor of the plan , to reflect that any references to shares of common stock are to shares of common stock of republic , and to adjust outstanding awards and the number of shares available under the plan to reflect the allied acquisition . the 2006 plan , as amended and restated , provided for the grant of non- qualified stock options , incentive stock options , shares of restricted stock , shares of phantom stock , stock bonuses , restricted stock units , stock appreciation rights , performance awards , dividend equivalents , cash awards , or other stock-based awards . awards granted under the 2006 plan prior to december 5 , 2008 became fully vested and nonforfeitable upon the closing of the allied acquisition . no further awards will be made under the 2006 stock options we use a lattice binomial option-pricing model to value our stock option grants . we recognize compensation expense on a straight-line basis over the requisite service period for each separately vesting portion of the award , or to the employee 2019s retirement eligible date , if earlier . expected volatility is based on the weighted average of the most recent one year volatility and a historical rolling average volatility of our stock over the expected life of the option . the risk-free interest rate is based on federal reserve rates in effect for bonds with maturity dates equal to the expected term of the option . we use historical data to estimate future option exercises , forfeitures ( at 3.0% ( 3.0 % ) for 2014 and 2013 ) and expected life of the options . when appropriate , separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes . we did not grant stock options during the year ended december 31 , 2015 . the weighted-average estimated fair values of stock options granted during the years ended december 31 , 2014 and 2013 were $ 5.74 and $ 5.27 per option , respectively , which were calculated using the following weighted-average assumptions: . <table class='wikitable'><tr><td>1</td><td></td><td>2014</td><td>2013</td></tr><tr><td>2</td><td>expected volatility</td><td>27.5% ( 27.5 % )</td><td>28.9% ( 28.9 % )</td></tr><tr><td>3</td><td>risk-free interest rate</td><td>1.4% ( 1.4 % )</td><td>0.7% ( 0.7 % )</td></tr><tr><td>4</td><td>dividend yield</td><td>3.2% ( 3.2 % )</td><td>3.2% ( 3.2 % )</td></tr><tr><td>5</td><td>expected life ( in years )</td><td>4.6</td><td>4.5</td></tr><tr><td>6</td><td>contractual life ( in years )</td><td>7.0</td><td>7.0</td></tr></table> .
Conversations:
q0: what was the difference in expected volatility between 2013 and 2014? -1.4
Question: and the value for 2013 specifically?
Answer: | 28.9 | 1 | 2,206 |
convfinqa8077 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: republic services , inc . notes to consolidated financial statements 2014 ( continued ) 11 . employee benefit plans stock-based compensation in february 2007 , our board of directors approved the 2007 stock incentive plan ( 2007 plan ) , and in may 2007 our shareholders ratified the 2007 plan . in march 2011 , our board of directors approved the amended and restated 2007 stock incentive plan , and in may 2011 our shareholders ratified the amended and restated 2007 stock incentive plan . in march 2013 , our board of directors approved the republic services , inc . amended and restated 2007 stock incentive plan ( the amended and restated plan ) , and in may 2013 our shareholders ratified the amended and restated plan . we currently have approximately 15.6 million shares of common stock reserved for future grants under the amended and restated plan . options granted under the 2007 plan and the amended and restated plan are non-qualified and are granted at a price equal to the fair market value of our common stock at the date of grant . generally , options granted have a term of seven to ten years from the date of grant , and vest in increments of 25% ( 25 % ) per year over a period of four years beginning on the first anniversary date of the grant . options granted to non-employee directors have a term of ten years and are fully vested at the grant date . in december 2008 , the board of directors amended and restated the republic services , inc . 2006 incentive stock plan ( formerly known as the allied waste industries , inc . 2006 incentive stock plan ) ( the 2006 plan ) . allied 2019s shareholders approved the 2006 plan in may 2006 . the 2006 plan was amended and restated in december 2008 to reflect republic as the new sponsor of the plan , to reflect that any references to shares of common stock are to shares of common stock of republic , and to adjust outstanding awards and the number of shares available under the plan to reflect the allied acquisition . the 2006 plan , as amended and restated , provided for the grant of non- qualified stock options , incentive stock options , shares of restricted stock , shares of phantom stock , stock bonuses , restricted stock units , stock appreciation rights , performance awards , dividend equivalents , cash awards , or other stock-based awards . awards granted under the 2006 plan prior to december 5 , 2008 became fully vested and nonforfeitable upon the closing of the allied acquisition . no further awards will be made under the 2006 stock options we use a lattice binomial option-pricing model to value our stock option grants . we recognize compensation expense on a straight-line basis over the requisite service period for each separately vesting portion of the award , or to the employee 2019s retirement eligible date , if earlier . expected volatility is based on the weighted average of the most recent one year volatility and a historical rolling average volatility of our stock over the expected life of the option . the risk-free interest rate is based on federal reserve rates in effect for bonds with maturity dates equal to the expected term of the option . we use historical data to estimate future option exercises , forfeitures ( at 3.0% ( 3.0 % ) for 2014 and 2013 ) and expected life of the options . when appropriate , separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes . we did not grant stock options during the year ended december 31 , 2015 . the weighted-average estimated fair values of stock options granted during the years ended december 31 , 2014 and 2013 were $ 5.74 and $ 5.27 per option , respectively , which were calculated using the following weighted-average assumptions: . <table class='wikitable'><tr><td>1</td><td></td><td>2014</td><td>2013</td></tr><tr><td>2</td><td>expected volatility</td><td>27.5% ( 27.5 % )</td><td>28.9% ( 28.9 % )</td></tr><tr><td>3</td><td>risk-free interest rate</td><td>1.4% ( 1.4 % )</td><td>0.7% ( 0.7 % )</td></tr><tr><td>4</td><td>dividend yield</td><td>3.2% ( 3.2 % )</td><td>3.2% ( 3.2 % )</td></tr><tr><td>5</td><td>expected life ( in years )</td><td>4.6</td><td>4.5</td></tr><tr><td>6</td><td>contractual life ( in years )</td><td>7.0</td><td>7.0</td></tr></table> .
Conversations:
q0: what was the difference in expected volatility between 2013 and 2014? -1.4
q1: and the value for 2013 specifically? 28.9
Question: and the percentage decline during this time?
Answer: | -0.04844 | 2 | 2,206 |
convfinqa8078 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: corporate/other corporate/other includes global staff functions ( includes finance , risk , human resources , legal and compliance ) and other corporate expense , global operations and technology ( o&t ) , residual corporate treasury and corporate items . at december 31 , 2009 , this segment had approximately $ 230 billion of assets , consisting primarily of the company 2019s liquidity portfolio , including $ 110 billion of cash and cash equivalents. . <table class='wikitable'><tr><td>1</td><td>in millions of dollars</td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>net interest revenue</td><td>$ -1663 ( 1663 )</td><td>$ -2680 ( 2680 )</td><td>$ -2008 ( 2008 )</td></tr><tr><td>3</td><td>non-interest revenue</td><td>-8893 ( 8893 )</td><td>422</td><td>-302 ( 302 )</td></tr><tr><td>4</td><td>total revenues net of interest expense</td><td>$ -10556 ( 10556 )</td><td>$ -2258 ( 2258 )</td><td>$ -2310 ( 2310 )</td></tr><tr><td>5</td><td>total operating expenses</td><td>$ 1420</td><td>$ 510</td><td>$ 1813</td></tr><tr><td>6</td><td>provisions for loan losses and for benefits and claims</td><td>-1 ( 1 )</td><td>1</td><td>-3 ( 3 )</td></tr><tr><td>7</td><td>( loss ) from continuing operations before taxes</td><td>$ -11975 ( 11975 )</td><td>$ -2769 ( 2769 )</td><td>$ -4120 ( 4120 )</td></tr><tr><td>8</td><td>income taxes ( benefits )</td><td>-4369 ( 4369 )</td><td>-587 ( 587 )</td><td>-1446 ( 1446 )</td></tr><tr><td>9</td><td>( loss ) from continuing operations</td><td>$ -7606 ( 7606 )</td><td>$ -2182 ( 2182 )</td><td>$ -2674 ( 2674 )</td></tr><tr><td>10</td><td>income ( loss ) from discontinued operations net of taxes</td><td>-445 ( 445 )</td><td>4002</td><td>708</td></tr><tr><td>11</td><td>net income ( loss ) before attribution of noncontrolling interests</td><td>$ -8051 ( 8051 )</td><td>$ 1820</td><td>$ -1966 ( 1966 )</td></tr><tr><td>12</td><td>net income attributable to noncontrolling interests</td><td>2014</td><td>2014</td><td>2</td></tr><tr><td>13</td><td>net income ( loss )</td><td>$ -8051 ( 8051 )</td><td>$ 1820</td><td>$ -1968 ( 1968 )</td></tr></table> 2009 vs . 2008 revenues , net of interest expense declined , primarily due to the pretax loss on debt extinguishment related to the repayment of the $ 20 billion of tarp trust preferred securities and the pretax loss in connection with the exit from the loss-sharing agreement with the u.s . government . revenues also declined , due to the absence of the 2008 sale of citigroup global services limited recorded in o&t . this was partially offset by a pretax gain related to the exchange offers , revenues and higher intersegment eliminations . operating expenses increased , primarily due to intersegment eliminations and increases in compensation , partially offset by lower repositioning reserves . 2008 vs . 2007 revenues , net of interest expense increased primarily due to the gain in 2007 on the sale of certain corporate-owned assets and higher intersegment eliminations , partially offset by improved treasury hedging activities . operating expenses declined , primarily due to lower restructuring charges in 2008 as well as reductions in incentive compensation and benefits expense. .
Conversations:
Question: what are the total operating expenses in 2009?
Answer: | 1420.0 | 0 | 2,207 |
convfinqa8079 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: corporate/other corporate/other includes global staff functions ( includes finance , risk , human resources , legal and compliance ) and other corporate expense , global operations and technology ( o&t ) , residual corporate treasury and corporate items . at december 31 , 2009 , this segment had approximately $ 230 billion of assets , consisting primarily of the company 2019s liquidity portfolio , including $ 110 billion of cash and cash equivalents. . <table class='wikitable'><tr><td>1</td><td>in millions of dollars</td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>net interest revenue</td><td>$ -1663 ( 1663 )</td><td>$ -2680 ( 2680 )</td><td>$ -2008 ( 2008 )</td></tr><tr><td>3</td><td>non-interest revenue</td><td>-8893 ( 8893 )</td><td>422</td><td>-302 ( 302 )</td></tr><tr><td>4</td><td>total revenues net of interest expense</td><td>$ -10556 ( 10556 )</td><td>$ -2258 ( 2258 )</td><td>$ -2310 ( 2310 )</td></tr><tr><td>5</td><td>total operating expenses</td><td>$ 1420</td><td>$ 510</td><td>$ 1813</td></tr><tr><td>6</td><td>provisions for loan losses and for benefits and claims</td><td>-1 ( 1 )</td><td>1</td><td>-3 ( 3 )</td></tr><tr><td>7</td><td>( loss ) from continuing operations before taxes</td><td>$ -11975 ( 11975 )</td><td>$ -2769 ( 2769 )</td><td>$ -4120 ( 4120 )</td></tr><tr><td>8</td><td>income taxes ( benefits )</td><td>-4369 ( 4369 )</td><td>-587 ( 587 )</td><td>-1446 ( 1446 )</td></tr><tr><td>9</td><td>( loss ) from continuing operations</td><td>$ -7606 ( 7606 )</td><td>$ -2182 ( 2182 )</td><td>$ -2674 ( 2674 )</td></tr><tr><td>10</td><td>income ( loss ) from discontinued operations net of taxes</td><td>-445 ( 445 )</td><td>4002</td><td>708</td></tr><tr><td>11</td><td>net income ( loss ) before attribution of noncontrolling interests</td><td>$ -8051 ( 8051 )</td><td>$ 1820</td><td>$ -1966 ( 1966 )</td></tr><tr><td>12</td><td>net income attributable to noncontrolling interests</td><td>2014</td><td>2014</td><td>2</td></tr><tr><td>13</td><td>net income ( loss )</td><td>$ -8051 ( 8051 )</td><td>$ 1820</td><td>$ -1968 ( 1968 )</td></tr></table> 2009 vs . 2008 revenues , net of interest expense declined , primarily due to the pretax loss on debt extinguishment related to the repayment of the $ 20 billion of tarp trust preferred securities and the pretax loss in connection with the exit from the loss-sharing agreement with the u.s . government . revenues also declined , due to the absence of the 2008 sale of citigroup global services limited recorded in o&t . this was partially offset by a pretax gain related to the exchange offers , revenues and higher intersegment eliminations . operating expenses increased , primarily due to intersegment eliminations and increases in compensation , partially offset by lower repositioning reserves . 2008 vs . 2007 revenues , net of interest expense increased primarily due to the gain in 2007 on the sale of certain corporate-owned assets and higher intersegment eliminations , partially offset by improved treasury hedging activities . operating expenses declined , primarily due to lower restructuring charges in 2008 as well as reductions in incentive compensation and benefits expense. .
Conversations:
q0: what are the total operating expenses in 2009? 1420.0
Question: what about in 2008?
Answer: | 510.0 | 1 | 2,207 |
convfinqa8080 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: corporate/other corporate/other includes global staff functions ( includes finance , risk , human resources , legal and compliance ) and other corporate expense , global operations and technology ( o&t ) , residual corporate treasury and corporate items . at december 31 , 2009 , this segment had approximately $ 230 billion of assets , consisting primarily of the company 2019s liquidity portfolio , including $ 110 billion of cash and cash equivalents. . <table class='wikitable'><tr><td>1</td><td>in millions of dollars</td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>net interest revenue</td><td>$ -1663 ( 1663 )</td><td>$ -2680 ( 2680 )</td><td>$ -2008 ( 2008 )</td></tr><tr><td>3</td><td>non-interest revenue</td><td>-8893 ( 8893 )</td><td>422</td><td>-302 ( 302 )</td></tr><tr><td>4</td><td>total revenues net of interest expense</td><td>$ -10556 ( 10556 )</td><td>$ -2258 ( 2258 )</td><td>$ -2310 ( 2310 )</td></tr><tr><td>5</td><td>total operating expenses</td><td>$ 1420</td><td>$ 510</td><td>$ 1813</td></tr><tr><td>6</td><td>provisions for loan losses and for benefits and claims</td><td>-1 ( 1 )</td><td>1</td><td>-3 ( 3 )</td></tr><tr><td>7</td><td>( loss ) from continuing operations before taxes</td><td>$ -11975 ( 11975 )</td><td>$ -2769 ( 2769 )</td><td>$ -4120 ( 4120 )</td></tr><tr><td>8</td><td>income taxes ( benefits )</td><td>-4369 ( 4369 )</td><td>-587 ( 587 )</td><td>-1446 ( 1446 )</td></tr><tr><td>9</td><td>( loss ) from continuing operations</td><td>$ -7606 ( 7606 )</td><td>$ -2182 ( 2182 )</td><td>$ -2674 ( 2674 )</td></tr><tr><td>10</td><td>income ( loss ) from discontinued operations net of taxes</td><td>-445 ( 445 )</td><td>4002</td><td>708</td></tr><tr><td>11</td><td>net income ( loss ) before attribution of noncontrolling interests</td><td>$ -8051 ( 8051 )</td><td>$ 1820</td><td>$ -1966 ( 1966 )</td></tr><tr><td>12</td><td>net income attributable to noncontrolling interests</td><td>2014</td><td>2014</td><td>2</td></tr><tr><td>13</td><td>net income ( loss )</td><td>$ -8051 ( 8051 )</td><td>$ 1820</td><td>$ -1968 ( 1968 )</td></tr></table> 2009 vs . 2008 revenues , net of interest expense declined , primarily due to the pretax loss on debt extinguishment related to the repayment of the $ 20 billion of tarp trust preferred securities and the pretax loss in connection with the exit from the loss-sharing agreement with the u.s . government . revenues also declined , due to the absence of the 2008 sale of citigroup global services limited recorded in o&t . this was partially offset by a pretax gain related to the exchange offers , revenues and higher intersegment eliminations . operating expenses increased , primarily due to intersegment eliminations and increases in compensation , partially offset by lower repositioning reserves . 2008 vs . 2007 revenues , net of interest expense increased primarily due to the gain in 2007 on the sale of certain corporate-owned assets and higher intersegment eliminations , partially offset by improved treasury hedging activities . operating expenses declined , primarily due to lower restructuring charges in 2008 as well as reductions in incentive compensation and benefits expense. .
Conversations:
q0: what are the total operating expenses in 2009? 1420.0
q1: what about in 2008? 510.0
Question: what is the net change?
Answer: | 910.0 | 2 | 2,207 |
convfinqa8081 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: corporate/other corporate/other includes global staff functions ( includes finance , risk , human resources , legal and compliance ) and other corporate expense , global operations and technology ( o&t ) , residual corporate treasury and corporate items . at december 31 , 2009 , this segment had approximately $ 230 billion of assets , consisting primarily of the company 2019s liquidity portfolio , including $ 110 billion of cash and cash equivalents. . <table class='wikitable'><tr><td>1</td><td>in millions of dollars</td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>net interest revenue</td><td>$ -1663 ( 1663 )</td><td>$ -2680 ( 2680 )</td><td>$ -2008 ( 2008 )</td></tr><tr><td>3</td><td>non-interest revenue</td><td>-8893 ( 8893 )</td><td>422</td><td>-302 ( 302 )</td></tr><tr><td>4</td><td>total revenues net of interest expense</td><td>$ -10556 ( 10556 )</td><td>$ -2258 ( 2258 )</td><td>$ -2310 ( 2310 )</td></tr><tr><td>5</td><td>total operating expenses</td><td>$ 1420</td><td>$ 510</td><td>$ 1813</td></tr><tr><td>6</td><td>provisions for loan losses and for benefits and claims</td><td>-1 ( 1 )</td><td>1</td><td>-3 ( 3 )</td></tr><tr><td>7</td><td>( loss ) from continuing operations before taxes</td><td>$ -11975 ( 11975 )</td><td>$ -2769 ( 2769 )</td><td>$ -4120 ( 4120 )</td></tr><tr><td>8</td><td>income taxes ( benefits )</td><td>-4369 ( 4369 )</td><td>-587 ( 587 )</td><td>-1446 ( 1446 )</td></tr><tr><td>9</td><td>( loss ) from continuing operations</td><td>$ -7606 ( 7606 )</td><td>$ -2182 ( 2182 )</td><td>$ -2674 ( 2674 )</td></tr><tr><td>10</td><td>income ( loss ) from discontinued operations net of taxes</td><td>-445 ( 445 )</td><td>4002</td><td>708</td></tr><tr><td>11</td><td>net income ( loss ) before attribution of noncontrolling interests</td><td>$ -8051 ( 8051 )</td><td>$ 1820</td><td>$ -1966 ( 1966 )</td></tr><tr><td>12</td><td>net income attributable to noncontrolling interests</td><td>2014</td><td>2014</td><td>2</td></tr><tr><td>13</td><td>net income ( loss )</td><td>$ -8051 ( 8051 )</td><td>$ 1820</td><td>$ -1968 ( 1968 )</td></tr></table> 2009 vs . 2008 revenues , net of interest expense declined , primarily due to the pretax loss on debt extinguishment related to the repayment of the $ 20 billion of tarp trust preferred securities and the pretax loss in connection with the exit from the loss-sharing agreement with the u.s . government . revenues also declined , due to the absence of the 2008 sale of citigroup global services limited recorded in o&t . this was partially offset by a pretax gain related to the exchange offers , revenues and higher intersegment eliminations . operating expenses increased , primarily due to intersegment eliminations and increases in compensation , partially offset by lower repositioning reserves . 2008 vs . 2007 revenues , net of interest expense increased primarily due to the gain in 2007 on the sale of certain corporate-owned assets and higher intersegment eliminations , partially offset by improved treasury hedging activities . operating expenses declined , primarily due to lower restructuring charges in 2008 as well as reductions in incentive compensation and benefits expense. .
Conversations:
q0: what are the total operating expenses in 2009? 1420.0
q1: what about in 2008? 510.0
q2: what is the net change? 910.0
Question: what percentage change does this represent?
Answer: | 1.78431 | 3 | 2,207 |
convfinqa8082 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: corporate/other corporate/other includes global staff functions ( includes finance , risk , human resources , legal and compliance ) and other corporate expense , global operations and technology ( o&t ) , residual corporate treasury and corporate items . at december 31 , 2009 , this segment had approximately $ 230 billion of assets , consisting primarily of the company 2019s liquidity portfolio , including $ 110 billion of cash and cash equivalents. . <table class='wikitable'><tr><td>1</td><td>in millions of dollars</td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>net interest revenue</td><td>$ -1663 ( 1663 )</td><td>$ -2680 ( 2680 )</td><td>$ -2008 ( 2008 )</td></tr><tr><td>3</td><td>non-interest revenue</td><td>-8893 ( 8893 )</td><td>422</td><td>-302 ( 302 )</td></tr><tr><td>4</td><td>total revenues net of interest expense</td><td>$ -10556 ( 10556 )</td><td>$ -2258 ( 2258 )</td><td>$ -2310 ( 2310 )</td></tr><tr><td>5</td><td>total operating expenses</td><td>$ 1420</td><td>$ 510</td><td>$ 1813</td></tr><tr><td>6</td><td>provisions for loan losses and for benefits and claims</td><td>-1 ( 1 )</td><td>1</td><td>-3 ( 3 )</td></tr><tr><td>7</td><td>( loss ) from continuing operations before taxes</td><td>$ -11975 ( 11975 )</td><td>$ -2769 ( 2769 )</td><td>$ -4120 ( 4120 )</td></tr><tr><td>8</td><td>income taxes ( benefits )</td><td>-4369 ( 4369 )</td><td>-587 ( 587 )</td><td>-1446 ( 1446 )</td></tr><tr><td>9</td><td>( loss ) from continuing operations</td><td>$ -7606 ( 7606 )</td><td>$ -2182 ( 2182 )</td><td>$ -2674 ( 2674 )</td></tr><tr><td>10</td><td>income ( loss ) from discontinued operations net of taxes</td><td>-445 ( 445 )</td><td>4002</td><td>708</td></tr><tr><td>11</td><td>net income ( loss ) before attribution of noncontrolling interests</td><td>$ -8051 ( 8051 )</td><td>$ 1820</td><td>$ -1966 ( 1966 )</td></tr><tr><td>12</td><td>net income attributable to noncontrolling interests</td><td>2014</td><td>2014</td><td>2</td></tr><tr><td>13</td><td>net income ( loss )</td><td>$ -8051 ( 8051 )</td><td>$ 1820</td><td>$ -1968 ( 1968 )</td></tr></table> 2009 vs . 2008 revenues , net of interest expense declined , primarily due to the pretax loss on debt extinguishment related to the repayment of the $ 20 billion of tarp trust preferred securities and the pretax loss in connection with the exit from the loss-sharing agreement with the u.s . government . revenues also declined , due to the absence of the 2008 sale of citigroup global services limited recorded in o&t . this was partially offset by a pretax gain related to the exchange offers , revenues and higher intersegment eliminations . operating expenses increased , primarily due to intersegment eliminations and increases in compensation , partially offset by lower repositioning reserves . 2008 vs . 2007 revenues , net of interest expense increased primarily due to the gain in 2007 on the sale of certain corporate-owned assets and higher intersegment eliminations , partially offset by improved treasury hedging activities . operating expenses declined , primarily due to lower restructuring charges in 2008 as well as reductions in incentive compensation and benefits expense. .
Conversations:
q0: what are the total operating expenses in 2009? 1420.0
q1: what about in 2008? 510.0
q2: what is the net change? 910.0
q3: what percentage change does this represent? 1.78431
Question: what about total operating expenses in 2007?
Answer: | 1813.0 | 4 | 2,207 |
convfinqa8083 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: corporate/other corporate/other includes global staff functions ( includes finance , risk , human resources , legal and compliance ) and other corporate expense , global operations and technology ( o&t ) , residual corporate treasury and corporate items . at december 31 , 2009 , this segment had approximately $ 230 billion of assets , consisting primarily of the company 2019s liquidity portfolio , including $ 110 billion of cash and cash equivalents. . <table class='wikitable'><tr><td>1</td><td>in millions of dollars</td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>net interest revenue</td><td>$ -1663 ( 1663 )</td><td>$ -2680 ( 2680 )</td><td>$ -2008 ( 2008 )</td></tr><tr><td>3</td><td>non-interest revenue</td><td>-8893 ( 8893 )</td><td>422</td><td>-302 ( 302 )</td></tr><tr><td>4</td><td>total revenues net of interest expense</td><td>$ -10556 ( 10556 )</td><td>$ -2258 ( 2258 )</td><td>$ -2310 ( 2310 )</td></tr><tr><td>5</td><td>total operating expenses</td><td>$ 1420</td><td>$ 510</td><td>$ 1813</td></tr><tr><td>6</td><td>provisions for loan losses and for benefits and claims</td><td>-1 ( 1 )</td><td>1</td><td>-3 ( 3 )</td></tr><tr><td>7</td><td>( loss ) from continuing operations before taxes</td><td>$ -11975 ( 11975 )</td><td>$ -2769 ( 2769 )</td><td>$ -4120 ( 4120 )</td></tr><tr><td>8</td><td>income taxes ( benefits )</td><td>-4369 ( 4369 )</td><td>-587 ( 587 )</td><td>-1446 ( 1446 )</td></tr><tr><td>9</td><td>( loss ) from continuing operations</td><td>$ -7606 ( 7606 )</td><td>$ -2182 ( 2182 )</td><td>$ -2674 ( 2674 )</td></tr><tr><td>10</td><td>income ( loss ) from discontinued operations net of taxes</td><td>-445 ( 445 )</td><td>4002</td><td>708</td></tr><tr><td>11</td><td>net income ( loss ) before attribution of noncontrolling interests</td><td>$ -8051 ( 8051 )</td><td>$ 1820</td><td>$ -1966 ( 1966 )</td></tr><tr><td>12</td><td>net income attributable to noncontrolling interests</td><td>2014</td><td>2014</td><td>2</td></tr><tr><td>13</td><td>net income ( loss )</td><td>$ -8051 ( 8051 )</td><td>$ 1820</td><td>$ -1968 ( 1968 )</td></tr></table> 2009 vs . 2008 revenues , net of interest expense declined , primarily due to the pretax loss on debt extinguishment related to the repayment of the $ 20 billion of tarp trust preferred securities and the pretax loss in connection with the exit from the loss-sharing agreement with the u.s . government . revenues also declined , due to the absence of the 2008 sale of citigroup global services limited recorded in o&t . this was partially offset by a pretax gain related to the exchange offers , revenues and higher intersegment eliminations . operating expenses increased , primarily due to intersegment eliminations and increases in compensation , partially offset by lower repositioning reserves . 2008 vs . 2007 revenues , net of interest expense increased primarily due to the gain in 2007 on the sale of certain corporate-owned assets and higher intersegment eliminations , partially offset by improved treasury hedging activities . operating expenses declined , primarily due to lower restructuring charges in 2008 as well as reductions in incentive compensation and benefits expense. .
Conversations:
q0: what are the total operating expenses in 2009? 1420.0
q1: what about in 2008? 510.0
q2: what is the net change? 910.0
q3: what percentage change does this represent? 1.78431
q4: what about total operating expenses in 2007? 1813.0
Question: what is the net change from 2007 to 2008?
Answer: | -1303.0 | 5 | 2,207 |
convfinqa8084 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: corporate/other corporate/other includes global staff functions ( includes finance , risk , human resources , legal and compliance ) and other corporate expense , global operations and technology ( o&t ) , residual corporate treasury and corporate items . at december 31 , 2009 , this segment had approximately $ 230 billion of assets , consisting primarily of the company 2019s liquidity portfolio , including $ 110 billion of cash and cash equivalents. . <table class='wikitable'><tr><td>1</td><td>in millions of dollars</td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>2</td><td>net interest revenue</td><td>$ -1663 ( 1663 )</td><td>$ -2680 ( 2680 )</td><td>$ -2008 ( 2008 )</td></tr><tr><td>3</td><td>non-interest revenue</td><td>-8893 ( 8893 )</td><td>422</td><td>-302 ( 302 )</td></tr><tr><td>4</td><td>total revenues net of interest expense</td><td>$ -10556 ( 10556 )</td><td>$ -2258 ( 2258 )</td><td>$ -2310 ( 2310 )</td></tr><tr><td>5</td><td>total operating expenses</td><td>$ 1420</td><td>$ 510</td><td>$ 1813</td></tr><tr><td>6</td><td>provisions for loan losses and for benefits and claims</td><td>-1 ( 1 )</td><td>1</td><td>-3 ( 3 )</td></tr><tr><td>7</td><td>( loss ) from continuing operations before taxes</td><td>$ -11975 ( 11975 )</td><td>$ -2769 ( 2769 )</td><td>$ -4120 ( 4120 )</td></tr><tr><td>8</td><td>income taxes ( benefits )</td><td>-4369 ( 4369 )</td><td>-587 ( 587 )</td><td>-1446 ( 1446 )</td></tr><tr><td>9</td><td>( loss ) from continuing operations</td><td>$ -7606 ( 7606 )</td><td>$ -2182 ( 2182 )</td><td>$ -2674 ( 2674 )</td></tr><tr><td>10</td><td>income ( loss ) from discontinued operations net of taxes</td><td>-445 ( 445 )</td><td>4002</td><td>708</td></tr><tr><td>11</td><td>net income ( loss ) before attribution of noncontrolling interests</td><td>$ -8051 ( 8051 )</td><td>$ 1820</td><td>$ -1966 ( 1966 )</td></tr><tr><td>12</td><td>net income attributable to noncontrolling interests</td><td>2014</td><td>2014</td><td>2</td></tr><tr><td>13</td><td>net income ( loss )</td><td>$ -8051 ( 8051 )</td><td>$ 1820</td><td>$ -1968 ( 1968 )</td></tr></table> 2009 vs . 2008 revenues , net of interest expense declined , primarily due to the pretax loss on debt extinguishment related to the repayment of the $ 20 billion of tarp trust preferred securities and the pretax loss in connection with the exit from the loss-sharing agreement with the u.s . government . revenues also declined , due to the absence of the 2008 sale of citigroup global services limited recorded in o&t . this was partially offset by a pretax gain related to the exchange offers , revenues and higher intersegment eliminations . operating expenses increased , primarily due to intersegment eliminations and increases in compensation , partially offset by lower repositioning reserves . 2008 vs . 2007 revenues , net of interest expense increased primarily due to the gain in 2007 on the sale of certain corporate-owned assets and higher intersegment eliminations , partially offset by improved treasury hedging activities . operating expenses declined , primarily due to lower restructuring charges in 2008 as well as reductions in incentive compensation and benefits expense. .
Conversations:
q0: what are the total operating expenses in 2009? 1420.0
q1: what about in 2008? 510.0
q2: what is the net change? 910.0
q3: what percentage change does this represent? 1.78431
q4: what about total operating expenses in 2007? 1813.0
q5: what is the net change from 2007 to 2008? -1303.0
Question: what percentage change does this represent?
Answer: | -0.7187 | 6 | 2,207 |
convfinqa8085 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: republic services , inc . notes to consolidated financial statements 2014 ( continued ) in december 2008 , the board of directors amended and restated the republic services , inc . 2006 incentive stock plan ( formerly known as the allied waste industries , inc . 2006 incentive stock plan ( the 2006 plan ) ) . allied 2019s shareholders approved the 2006 plan in may 2006 . the 2006 plan was amended and restated in december 2008 to reflect republic as the new sponsor of the plan , and that any references to shares of common stock are to shares of common stock of republic , and to adjust outstanding awards and the number of shares available under the plan to reflect the allied acquisition . the 2006 plan , as amended and restated , provided for the grant of non- qualified stock options , incentive stock options , shares of restricted stock , shares of phantom stock , stock bonuses , restricted stock units , stock appreciation rights , performance awards , dividend equivalents , cash awards , or other stock-based awards . awards granted under the 2006 plan prior to december 5 , 2008 became fully vested and nonforfeitable upon the closing of the allied acquisition . no further awards will be made under the 2006 stock options we use a lattice binomial option-pricing model to value our stock option grants . we recognize compensation expense on a straight-line basis over the requisite service period for each separately vesting portion of the award , or to the employee 2019s retirement eligible date , if earlier . expected volatility is based on the weighted average of the most recent one year volatility and a historical rolling average volatility of our stock over the expected life of the option . the risk-free interest rate is based on federal reserve rates in effect for bonds with maturity dates equal to the expected term of the option . we use historical data to estimate future option exercises , forfeitures ( at 3.0% ( 3.0 % ) for each of the periods presented ) and expected life of the options . when appropriate , separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes . the weighted-average estimated fair values of stock options granted during the years ended december 31 , 2014 , 2013 and 2012 were $ 5.74 , $ 5.27 and $ 4.77 per option , respectively , which were calculated using the following weighted-average assumptions: . <table class='wikitable'><tr><td>1</td><td></td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>expected volatility</td><td>27.5% ( 27.5 % )</td><td>28.9% ( 28.9 % )</td><td>27.8% ( 27.8 % )</td></tr><tr><td>3</td><td>risk-free interest rate</td><td>1.4% ( 1.4 % )</td><td>0.7% ( 0.7 % )</td><td>0.8% ( 0.8 % )</td></tr><tr><td>4</td><td>dividend yield</td><td>3.2% ( 3.2 % )</td><td>3.2% ( 3.2 % )</td><td>3.2% ( 3.2 % )</td></tr><tr><td>5</td><td>expected life ( in years )</td><td>4.6</td><td>4.5</td><td>4.5</td></tr><tr><td>6</td><td>contractual life ( in years )</td><td>7.0</td><td>7.0</td><td>7.0</td></tr></table> .
Conversations:
Question: what was the change in weighted-average estimated fair values of stock options granted between 2013 and 2014?
Answer: | 0.47 | 0 | 2,208 |
convfinqa8086 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: republic services , inc . notes to consolidated financial statements 2014 ( continued ) in december 2008 , the board of directors amended and restated the republic services , inc . 2006 incentive stock plan ( formerly known as the allied waste industries , inc . 2006 incentive stock plan ( the 2006 plan ) ) . allied 2019s shareholders approved the 2006 plan in may 2006 . the 2006 plan was amended and restated in december 2008 to reflect republic as the new sponsor of the plan , and that any references to shares of common stock are to shares of common stock of republic , and to adjust outstanding awards and the number of shares available under the plan to reflect the allied acquisition . the 2006 plan , as amended and restated , provided for the grant of non- qualified stock options , incentive stock options , shares of restricted stock , shares of phantom stock , stock bonuses , restricted stock units , stock appreciation rights , performance awards , dividend equivalents , cash awards , or other stock-based awards . awards granted under the 2006 plan prior to december 5 , 2008 became fully vested and nonforfeitable upon the closing of the allied acquisition . no further awards will be made under the 2006 stock options we use a lattice binomial option-pricing model to value our stock option grants . we recognize compensation expense on a straight-line basis over the requisite service period for each separately vesting portion of the award , or to the employee 2019s retirement eligible date , if earlier . expected volatility is based on the weighted average of the most recent one year volatility and a historical rolling average volatility of our stock over the expected life of the option . the risk-free interest rate is based on federal reserve rates in effect for bonds with maturity dates equal to the expected term of the option . we use historical data to estimate future option exercises , forfeitures ( at 3.0% ( 3.0 % ) for each of the periods presented ) and expected life of the options . when appropriate , separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes . the weighted-average estimated fair values of stock options granted during the years ended december 31 , 2014 , 2013 and 2012 were $ 5.74 , $ 5.27 and $ 4.77 per option , respectively , which were calculated using the following weighted-average assumptions: . <table class='wikitable'><tr><td>1</td><td></td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>expected volatility</td><td>27.5% ( 27.5 % )</td><td>28.9% ( 28.9 % )</td><td>27.8% ( 27.8 % )</td></tr><tr><td>3</td><td>risk-free interest rate</td><td>1.4% ( 1.4 % )</td><td>0.7% ( 0.7 % )</td><td>0.8% ( 0.8 % )</td></tr><tr><td>4</td><td>dividend yield</td><td>3.2% ( 3.2 % )</td><td>3.2% ( 3.2 % )</td><td>3.2% ( 3.2 % )</td></tr><tr><td>5</td><td>expected life ( in years )</td><td>4.6</td><td>4.5</td><td>4.5</td></tr><tr><td>6</td><td>contractual life ( in years )</td><td>7.0</td><td>7.0</td><td>7.0</td></tr></table> .
Conversations:
q0: what was the change in weighted-average estimated fair values of stock options granted between 2013 and 2014? 0.47
Question: and the percentage change during this time?
Answer: | 0.08918 | 1 | 2,208 |
convfinqa8087 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: republic services , inc . notes to consolidated financial statements 2014 ( continued ) in december 2008 , the board of directors amended and restated the republic services , inc . 2006 incentive stock plan ( formerly known as the allied waste industries , inc . 2006 incentive stock plan ( the 2006 plan ) ) . allied 2019s shareholders approved the 2006 plan in may 2006 . the 2006 plan was amended and restated in december 2008 to reflect republic as the new sponsor of the plan , and that any references to shares of common stock are to shares of common stock of republic , and to adjust outstanding awards and the number of shares available under the plan to reflect the allied acquisition . the 2006 plan , as amended and restated , provided for the grant of non- qualified stock options , incentive stock options , shares of restricted stock , shares of phantom stock , stock bonuses , restricted stock units , stock appreciation rights , performance awards , dividend equivalents , cash awards , or other stock-based awards . awards granted under the 2006 plan prior to december 5 , 2008 became fully vested and nonforfeitable upon the closing of the allied acquisition . no further awards will be made under the 2006 stock options we use a lattice binomial option-pricing model to value our stock option grants . we recognize compensation expense on a straight-line basis over the requisite service period for each separately vesting portion of the award , or to the employee 2019s retirement eligible date , if earlier . expected volatility is based on the weighted average of the most recent one year volatility and a historical rolling average volatility of our stock over the expected life of the option . the risk-free interest rate is based on federal reserve rates in effect for bonds with maturity dates equal to the expected term of the option . we use historical data to estimate future option exercises , forfeitures ( at 3.0% ( 3.0 % ) for each of the periods presented ) and expected life of the options . when appropriate , separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes . the weighted-average estimated fair values of stock options granted during the years ended december 31 , 2014 , 2013 and 2012 were $ 5.74 , $ 5.27 and $ 4.77 per option , respectively , which were calculated using the following weighted-average assumptions: . <table class='wikitable'><tr><td>1</td><td></td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>expected volatility</td><td>27.5% ( 27.5 % )</td><td>28.9% ( 28.9 % )</td><td>27.8% ( 27.8 % )</td></tr><tr><td>3</td><td>risk-free interest rate</td><td>1.4% ( 1.4 % )</td><td>0.7% ( 0.7 % )</td><td>0.8% ( 0.8 % )</td></tr><tr><td>4</td><td>dividend yield</td><td>3.2% ( 3.2 % )</td><td>3.2% ( 3.2 % )</td><td>3.2% ( 3.2 % )</td></tr><tr><td>5</td><td>expected life ( in years )</td><td>4.6</td><td>4.5</td><td>4.5</td></tr><tr><td>6</td><td>contractual life ( in years )</td><td>7.0</td><td>7.0</td><td>7.0</td></tr></table> .
Conversations:
q0: what was the change in weighted-average estimated fair values of stock options granted between 2013 and 2014? 0.47
q1: and the percentage change during this time? 0.08918
Question: what was the change in expected volatility between 2012 and 2013?
Answer: | 1.1 | 2 | 2,208 |
convfinqa8088 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: republic services , inc . notes to consolidated financial statements 2014 ( continued ) in december 2008 , the board of directors amended and restated the republic services , inc . 2006 incentive stock plan ( formerly known as the allied waste industries , inc . 2006 incentive stock plan ( the 2006 plan ) ) . allied 2019s shareholders approved the 2006 plan in may 2006 . the 2006 plan was amended and restated in december 2008 to reflect republic as the new sponsor of the plan , and that any references to shares of common stock are to shares of common stock of republic , and to adjust outstanding awards and the number of shares available under the plan to reflect the allied acquisition . the 2006 plan , as amended and restated , provided for the grant of non- qualified stock options , incentive stock options , shares of restricted stock , shares of phantom stock , stock bonuses , restricted stock units , stock appreciation rights , performance awards , dividend equivalents , cash awards , or other stock-based awards . awards granted under the 2006 plan prior to december 5 , 2008 became fully vested and nonforfeitable upon the closing of the allied acquisition . no further awards will be made under the 2006 stock options we use a lattice binomial option-pricing model to value our stock option grants . we recognize compensation expense on a straight-line basis over the requisite service period for each separately vesting portion of the award , or to the employee 2019s retirement eligible date , if earlier . expected volatility is based on the weighted average of the most recent one year volatility and a historical rolling average volatility of our stock over the expected life of the option . the risk-free interest rate is based on federal reserve rates in effect for bonds with maturity dates equal to the expected term of the option . we use historical data to estimate future option exercises , forfeitures ( at 3.0% ( 3.0 % ) for each of the periods presented ) and expected life of the options . when appropriate , separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes . the weighted-average estimated fair values of stock options granted during the years ended december 31 , 2014 , 2013 and 2012 were $ 5.74 , $ 5.27 and $ 4.77 per option , respectively , which were calculated using the following weighted-average assumptions: . <table class='wikitable'><tr><td>1</td><td></td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td>2</td><td>expected volatility</td><td>27.5% ( 27.5 % )</td><td>28.9% ( 28.9 % )</td><td>27.8% ( 27.8 % )</td></tr><tr><td>3</td><td>risk-free interest rate</td><td>1.4% ( 1.4 % )</td><td>0.7% ( 0.7 % )</td><td>0.8% ( 0.8 % )</td></tr><tr><td>4</td><td>dividend yield</td><td>3.2% ( 3.2 % )</td><td>3.2% ( 3.2 % )</td><td>3.2% ( 3.2 % )</td></tr><tr><td>5</td><td>expected life ( in years )</td><td>4.6</td><td>4.5</td><td>4.5</td></tr><tr><td>6</td><td>contractual life ( in years )</td><td>7.0</td><td>7.0</td><td>7.0</td></tr></table> .
Conversations:
q0: what was the change in weighted-average estimated fair values of stock options granted between 2013 and 2014? 0.47
q1: and the percentage change during this time? 0.08918
q2: what was the change in expected volatility between 2012 and 2013? 1.1
Question: so what was the percentage change during this time?
Answer: | 0.03957 | 3 | 2,208 |
convfinqa8089 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: 9 . junior subordinated debt securities payable in accordance with the provisions of the junior subordinated debt securities which were issued on march 29 , 2004 , holdings elected to redeem the $ 329897 thousand of 6.2% ( 6.2 % ) junior subordinated debt securities outstanding on may 24 , 2013 . as a result of the early redemption , the company incurred pre-tax expense of $ 7282 thousand related to the immediate amortization of the remaining capitalized issuance costs on the trust preferred securities . interest expense incurred in connection with these junior subordinated debt securities is as follows for the periods indicated: . <table class='wikitable'><tr><td>1</td><td>( dollars in thousands )</td><td>years ended december 31 , 2014</td><td>years ended december 31 , 2013</td><td>years ended december 31 , 2012</td></tr><tr><td>2</td><td>interest expense incurred</td><td>$ -</td><td>$ 8181</td><td>$ 20454</td></tr></table> holdings considered the mechanisms and obligations relating to the trust preferred securities , taken together , constituted a full and unconditional guarantee by holdings of capital trust ii 2019s payment obligations with respect to their trust preferred securities . 10 . reinsurance and trust agreements certain subsidiaries of group have established trust agreements , which effectively use the company 2019s investments as collateral , as security for assumed losses payable to certain non-affiliated ceding companies . at december 31 , 2014 , the total amount on deposit in trust accounts was $ 322285 thousand . on april 24 , 2014 , the company entered into two collateralized reinsurance agreements with kilimanjaro re limited ( 201ckilimanjaro 201d ) , a bermuda based special purpose reinsurer , to provide the company with catastrophe reinsurance coverage . these agreements are multi-year reinsurance contracts which cover specified named storm and earthquake events . the first agreement provides up to $ 250000 thousand of reinsurance coverage from named storms in specified states of the southeastern united states . the second agreement provides up to $ 200000 thousand of reinsurance coverage from named storms in specified states of the southeast , mid-atlantic and northeast regions of the united states and puerto rico as well as reinsurance coverage from earthquakes in specified states of the southeast , mid-atlantic , northeast and west regions of the united states , puerto rico and british columbia . on november 18 , 2014 , the company entered into a collateralized reinsurance agreement with kilimanjaro re to provide the company with catastrophe reinsurance coverage . this agreement is a multi-year reinsurance contract which covers specified earthquake events . the agreement provides up to $ 500000 thousand of reinsurance coverage from earthquakes in the united states , puerto rico and canada . kilimanjaro has financed the various property catastrophe reinsurance coverage by issuing catastrophe bonds to unrelated , external investors . on april 24 , 2014 , kilimanjaro issued $ 450000 thousand of variable rate notes ( 201cseries 2014-1 notes 201d ) . on november 18 , 2014 , kilimanjaro issued $ 500000 thousand of variable rate notes ( 201cseries 2014-2 notes 201d ) . the proceeds from the issuance of the series 2014-1 notes and the series 2014-2 notes are held in reinsurance trust throughout the duration of the applicable reinsurance agreements and invested solely in us government money market funds with a rating of at least 201caaam 201d by standard & poor 2019s. .
Conversations:
Question: what was the change in the interest expense from 2012 to 2013?
Answer: | -12273.0 | 0 | 2,209 |
convfinqa8090 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: 9 . junior subordinated debt securities payable in accordance with the provisions of the junior subordinated debt securities which were issued on march 29 , 2004 , holdings elected to redeem the $ 329897 thousand of 6.2% ( 6.2 % ) junior subordinated debt securities outstanding on may 24 , 2013 . as a result of the early redemption , the company incurred pre-tax expense of $ 7282 thousand related to the immediate amortization of the remaining capitalized issuance costs on the trust preferred securities . interest expense incurred in connection with these junior subordinated debt securities is as follows for the periods indicated: . <table class='wikitable'><tr><td>1</td><td>( dollars in thousands )</td><td>years ended december 31 , 2014</td><td>years ended december 31 , 2013</td><td>years ended december 31 , 2012</td></tr><tr><td>2</td><td>interest expense incurred</td><td>$ -</td><td>$ 8181</td><td>$ 20454</td></tr></table> holdings considered the mechanisms and obligations relating to the trust preferred securities , taken together , constituted a full and unconditional guarantee by holdings of capital trust ii 2019s payment obligations with respect to their trust preferred securities . 10 . reinsurance and trust agreements certain subsidiaries of group have established trust agreements , which effectively use the company 2019s investments as collateral , as security for assumed losses payable to certain non-affiliated ceding companies . at december 31 , 2014 , the total amount on deposit in trust accounts was $ 322285 thousand . on april 24 , 2014 , the company entered into two collateralized reinsurance agreements with kilimanjaro re limited ( 201ckilimanjaro 201d ) , a bermuda based special purpose reinsurer , to provide the company with catastrophe reinsurance coverage . these agreements are multi-year reinsurance contracts which cover specified named storm and earthquake events . the first agreement provides up to $ 250000 thousand of reinsurance coverage from named storms in specified states of the southeastern united states . the second agreement provides up to $ 200000 thousand of reinsurance coverage from named storms in specified states of the southeast , mid-atlantic and northeast regions of the united states and puerto rico as well as reinsurance coverage from earthquakes in specified states of the southeast , mid-atlantic , northeast and west regions of the united states , puerto rico and british columbia . on november 18 , 2014 , the company entered into a collateralized reinsurance agreement with kilimanjaro re to provide the company with catastrophe reinsurance coverage . this agreement is a multi-year reinsurance contract which covers specified earthquake events . the agreement provides up to $ 500000 thousand of reinsurance coverage from earthquakes in the united states , puerto rico and canada . kilimanjaro has financed the various property catastrophe reinsurance coverage by issuing catastrophe bonds to unrelated , external investors . on april 24 , 2014 , kilimanjaro issued $ 450000 thousand of variable rate notes ( 201cseries 2014-1 notes 201d ) . on november 18 , 2014 , kilimanjaro issued $ 500000 thousand of variable rate notes ( 201cseries 2014-2 notes 201d ) . the proceeds from the issuance of the series 2014-1 notes and the series 2014-2 notes are held in reinsurance trust throughout the duration of the applicable reinsurance agreements and invested solely in us government money market funds with a rating of at least 201caaam 201d by standard & poor 2019s. .
Conversations:
q0: what was the change in the interest expense from 2012 to 2013? -12273.0
Question: and what was that interest expense in 2012?
Answer: | 20454.0 | 1 | 2,209 |
convfinqa8091 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: 9 . junior subordinated debt securities payable in accordance with the provisions of the junior subordinated debt securities which were issued on march 29 , 2004 , holdings elected to redeem the $ 329897 thousand of 6.2% ( 6.2 % ) junior subordinated debt securities outstanding on may 24 , 2013 . as a result of the early redemption , the company incurred pre-tax expense of $ 7282 thousand related to the immediate amortization of the remaining capitalized issuance costs on the trust preferred securities . interest expense incurred in connection with these junior subordinated debt securities is as follows for the periods indicated: . <table class='wikitable'><tr><td>1</td><td>( dollars in thousands )</td><td>years ended december 31 , 2014</td><td>years ended december 31 , 2013</td><td>years ended december 31 , 2012</td></tr><tr><td>2</td><td>interest expense incurred</td><td>$ -</td><td>$ 8181</td><td>$ 20454</td></tr></table> holdings considered the mechanisms and obligations relating to the trust preferred securities , taken together , constituted a full and unconditional guarantee by holdings of capital trust ii 2019s payment obligations with respect to their trust preferred securities . 10 . reinsurance and trust agreements certain subsidiaries of group have established trust agreements , which effectively use the company 2019s investments as collateral , as security for assumed losses payable to certain non-affiliated ceding companies . at december 31 , 2014 , the total amount on deposit in trust accounts was $ 322285 thousand . on april 24 , 2014 , the company entered into two collateralized reinsurance agreements with kilimanjaro re limited ( 201ckilimanjaro 201d ) , a bermuda based special purpose reinsurer , to provide the company with catastrophe reinsurance coverage . these agreements are multi-year reinsurance contracts which cover specified named storm and earthquake events . the first agreement provides up to $ 250000 thousand of reinsurance coverage from named storms in specified states of the southeastern united states . the second agreement provides up to $ 200000 thousand of reinsurance coverage from named storms in specified states of the southeast , mid-atlantic and northeast regions of the united states and puerto rico as well as reinsurance coverage from earthquakes in specified states of the southeast , mid-atlantic , northeast and west regions of the united states , puerto rico and british columbia . on november 18 , 2014 , the company entered into a collateralized reinsurance agreement with kilimanjaro re to provide the company with catastrophe reinsurance coverage . this agreement is a multi-year reinsurance contract which covers specified earthquake events . the agreement provides up to $ 500000 thousand of reinsurance coverage from earthquakes in the united states , puerto rico and canada . kilimanjaro has financed the various property catastrophe reinsurance coverage by issuing catastrophe bonds to unrelated , external investors . on april 24 , 2014 , kilimanjaro issued $ 450000 thousand of variable rate notes ( 201cseries 2014-1 notes 201d ) . on november 18 , 2014 , kilimanjaro issued $ 500000 thousand of variable rate notes ( 201cseries 2014-2 notes 201d ) . the proceeds from the issuance of the series 2014-1 notes and the series 2014-2 notes are held in reinsurance trust throughout the duration of the applicable reinsurance agreements and invested solely in us government money market funds with a rating of at least 201caaam 201d by standard & poor 2019s. .
Conversations:
q0: what was the change in the interest expense from 2012 to 2013? -12273.0
q1: and what was that interest expense in 2012? 20454.0
Question: what percentage, then, did that change represent in relation to this 2012 amount?
Answer: | -0.60003 | 2 | 2,209 |
convfinqa8092 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: 9 . junior subordinated debt securities payable in accordance with the provisions of the junior subordinated debt securities which were issued on march 29 , 2004 , holdings elected to redeem the $ 329897 thousand of 6.2% ( 6.2 % ) junior subordinated debt securities outstanding on may 24 , 2013 . as a result of the early redemption , the company incurred pre-tax expense of $ 7282 thousand related to the immediate amortization of the remaining capitalized issuance costs on the trust preferred securities . interest expense incurred in connection with these junior subordinated debt securities is as follows for the periods indicated: . <table class='wikitable'><tr><td>1</td><td>( dollars in thousands )</td><td>years ended december 31 , 2014</td><td>years ended december 31 , 2013</td><td>years ended december 31 , 2012</td></tr><tr><td>2</td><td>interest expense incurred</td><td>$ -</td><td>$ 8181</td><td>$ 20454</td></tr></table> holdings considered the mechanisms and obligations relating to the trust preferred securities , taken together , constituted a full and unconditional guarantee by holdings of capital trust ii 2019s payment obligations with respect to their trust preferred securities . 10 . reinsurance and trust agreements certain subsidiaries of group have established trust agreements , which effectively use the company 2019s investments as collateral , as security for assumed losses payable to certain non-affiliated ceding companies . at december 31 , 2014 , the total amount on deposit in trust accounts was $ 322285 thousand . on april 24 , 2014 , the company entered into two collateralized reinsurance agreements with kilimanjaro re limited ( 201ckilimanjaro 201d ) , a bermuda based special purpose reinsurer , to provide the company with catastrophe reinsurance coverage . these agreements are multi-year reinsurance contracts which cover specified named storm and earthquake events . the first agreement provides up to $ 250000 thousand of reinsurance coverage from named storms in specified states of the southeastern united states . the second agreement provides up to $ 200000 thousand of reinsurance coverage from named storms in specified states of the southeast , mid-atlantic and northeast regions of the united states and puerto rico as well as reinsurance coverage from earthquakes in specified states of the southeast , mid-atlantic , northeast and west regions of the united states , puerto rico and british columbia . on november 18 , 2014 , the company entered into a collateralized reinsurance agreement with kilimanjaro re to provide the company with catastrophe reinsurance coverage . this agreement is a multi-year reinsurance contract which covers specified earthquake events . the agreement provides up to $ 500000 thousand of reinsurance coverage from earthquakes in the united states , puerto rico and canada . kilimanjaro has financed the various property catastrophe reinsurance coverage by issuing catastrophe bonds to unrelated , external investors . on april 24 , 2014 , kilimanjaro issued $ 450000 thousand of variable rate notes ( 201cseries 2014-1 notes 201d ) . on november 18 , 2014 , kilimanjaro issued $ 500000 thousand of variable rate notes ( 201cseries 2014-2 notes 201d ) . the proceeds from the issuance of the series 2014-1 notes and the series 2014-2 notes are held in reinsurance trust throughout the duration of the applicable reinsurance agreements and invested solely in us government money market funds with a rating of at least 201caaam 201d by standard & poor 2019s. .
Conversations:
q0: what was the change in the interest expense from 2012 to 2013? -12273.0
q1: and what was that interest expense in 2012? 20454.0
q2: what percentage, then, did that change represent in relation to this 2012 amount? -0.60003
Question: and in the subsequent year of this period, what was the total of the catastrophe reinsurance coverage provided for kilimanjaro re limited?
Answer: | 450000.0 | 3 | 2,209 |
convfinqa8093 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: operating cash flow from continuing operations for 2017 was $ 2.7 billion , a $ 191 million , or 8 percent increase compared with 2016 , reflecting higher earnings and favorable changes in working capital . operating cash flow from continuing operations of $ 2.5 billion in 2016 was a 23 percent increase compared to $ 2.0 billion in 2015 , as comparisons benefited from income taxes of $ 424 million paid on the gains from divestitures in 2015 . at september 30 , 2017 , operating working capital as a percent of sales increased to 6.6 percent due to higher levels of working capital in the acquired valves & controls business , compared with 5.2 percent and 7.2 percent in 2016 and 2015 , respectively . operating cash flow from continuing operations funded capital expenditures of $ 476 million , dividends of $ 1239 million , common stock purchases of $ 400 million , and was also used to partially pay down debt in 2017 . proceeds of $ 5.1 billion from the sales of the network power systems and power generation , motors and drives businesses funded acquisitions of $ 2990 million , cash used for discontinued operations of $ 778 million and repayments of short-term borrowings and long-term debt of approximately $ 1.3 billion . contributions to pension plans were $ 45 million in 2017 , $ 66 million in 2016 and $ 53 million in 2015 . capital expenditures related to continuing operations were $ 476 million , $ 447 million and $ 588 million in 2017 , 2016 and 2015 , respectively . free cash flow from continuing operations ( operating cash flow less capital expenditures ) was $ 2.2 billion in 2017 , up 8 percent . free cash flow was $ 2.1 billion in 2016 , compared with $ 1.5 billion in 2015 . the company is targeting capital spending of approximately $ 550 million in 2018 . net cash paid in connection with acquisitions was $ 2990 million , $ 132 million and $ 324 million in 2017 , 2016 and 2015 , respectively . proceeds from divestitures not classified as discontinued operations were $ 39 million in 2017 and $ 1812 million in 2015 . dividends were $ 1239 million ( $ 1.92 per share ) in 2017 , compared with $ 1227 million ( $ 1.90 per share ) in 2016 and $ 1269 million ( $ 1.88 per share ) in 2015 . in november 2017 , the board of directors voted to increase the quarterly cash dividend 1 percent , to an annualized rate of $ 1.94 per share . purchases of emerson common stock totaled $ 400 million , $ 601 million and $ 2487 million in 2017 , 2016 and 2015 , respectively , at average per share prices of $ 60.51 , $ 48.11 and $ 57.68 . the board of directors authorized the purchase of up to 70 million common shares in november 2015 , and 56.9 million shares remain available for purchase under this authorization . the company purchased 6.6 million shares in 2017 under the november 2015 authorization . in 2016 , the company purchased 12.5 million shares under a combination of the november 2015 authorization and the remainder of the may 2013 authorization . a total of 43.1 million shares were purchased in 2015 under the may 2013 authorization . leverage/capitalization ( dollars in millions ) 2015 2016 2017 . <table class='wikitable'><tr><td>1</td><td>( dollars in millions )</td><td>2015</td><td>2016</td><td>2017</td></tr><tr><td>2</td><td>total assets</td><td>$ 22088</td><td>21732</td><td>19589</td></tr><tr><td>3</td><td>long-term debt</td><td>$ 4289</td><td>4051</td><td>3794</td></tr><tr><td>4</td><td>common stockholders' equity</td><td>$ 8081</td><td>7568</td><td>8718</td></tr><tr><td>5</td><td>total debt-to-total capital ratio</td><td>45.8% ( 45.8 % )</td><td>46.7% ( 46.7 % )</td><td>34.8% ( 34.8 % )</td></tr><tr><td>6</td><td>net debt-to-net capital ratio</td><td>31.3% ( 31.3 % )</td><td>31.3% ( 31.3 % )</td><td>15.4% ( 15.4 % )</td></tr><tr><td>7</td><td>operating cash flow-to-debt ratio</td><td>29.8% ( 29.8 % )</td><td>37.7% ( 37.7 % )</td><td>57.8% ( 57.8 % )</td></tr><tr><td>8</td><td>interest coverage ratio</td><td>20.2x</td><td>11.8x</td><td>12.6x</td></tr></table> total debt , which includes long-term debt , current maturities of long-term debt , commercial paper and other short-term borrowings , was $ 4.7 billion , $ 6.6 billion and $ 6.8 billion for 2017 , 2016 and 2015 , respectively . during the year , the company repaid $ 250 million of 5.125% ( 5.125 % ) notes that matured in december 2016 . in 2015 , the company issued $ 500 million of 2.625% ( 2.625 % ) notes due december 2021 and $ 500 million of 3.150% ( 3.150 % ) notes due june 2025 , and repaid $ 250 million of 5.0% ( 5.0 % ) notes that matured in december 2014 and $ 250 million of 4.125% ( 4.125 % ) notes that matured in april 2015 . the total debt-to-capital ratio and the net debt-to-net capital ratio ( less cash and short-term investments ) decreased in 2017 due to lower total debt outstanding and higher common stockholders 2019 equity from changes in other comprehensive income . the total debt-to-capital ratio and the net debt-to-net capital ratio ( less cash and short-term investments ) increased in 2016 due to lower common stockholders 2019 equity from share repurchases and changes in other comprehensive income . the operating cash flow from continuing operations-to-debt ratio increased in 2017 primarily due to lower debt in the current year . the operating cash flow from continuing operations-to- debt ratio increased in 2016 primarily due to taxes paid in 2015 on the divestiture gains and lower debt in 2016 . the interest coverage ratio is computed as earnings from continuing operations before income taxes plus interest expense , divided by interest expense . the increase in interest coverage in 2017 reflects lower interest expense in the current year . the decrease in interest coverage in 2016 reflects lower pretax earnings , largely due to the divestiture gains of $ 1039 million in 2015 , and slightly higher interest expense . in april 2014 , the company entered into a $ 3.5 billion five- year revolving backup credit facility with various banks , which replaced the december 2010 $ 2.75 billion facility . the credit facility is maintained to support general corporate purposes , including commercial paper borrowing . the company has not incurred any borrowings under this or previous facilities . the credit facility contains no financial covenants and is not subject to termination based on a change of credit rating or material adverse changes . the facility is unsecured and may be accessed under various interest rate and currency denomination alternatives at the company 2019s option . fees to maintain the facility are immaterial . the company also maintains a universal shelf registration statement on file with the sec under which .
Conversations:
Question: what was the value of total debt in 2016?
Answer: | 6.6 | 0 | 2,210 |
convfinqa8094 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: operating cash flow from continuing operations for 2017 was $ 2.7 billion , a $ 191 million , or 8 percent increase compared with 2016 , reflecting higher earnings and favorable changes in working capital . operating cash flow from continuing operations of $ 2.5 billion in 2016 was a 23 percent increase compared to $ 2.0 billion in 2015 , as comparisons benefited from income taxes of $ 424 million paid on the gains from divestitures in 2015 . at september 30 , 2017 , operating working capital as a percent of sales increased to 6.6 percent due to higher levels of working capital in the acquired valves & controls business , compared with 5.2 percent and 7.2 percent in 2016 and 2015 , respectively . operating cash flow from continuing operations funded capital expenditures of $ 476 million , dividends of $ 1239 million , common stock purchases of $ 400 million , and was also used to partially pay down debt in 2017 . proceeds of $ 5.1 billion from the sales of the network power systems and power generation , motors and drives businesses funded acquisitions of $ 2990 million , cash used for discontinued operations of $ 778 million and repayments of short-term borrowings and long-term debt of approximately $ 1.3 billion . contributions to pension plans were $ 45 million in 2017 , $ 66 million in 2016 and $ 53 million in 2015 . capital expenditures related to continuing operations were $ 476 million , $ 447 million and $ 588 million in 2017 , 2016 and 2015 , respectively . free cash flow from continuing operations ( operating cash flow less capital expenditures ) was $ 2.2 billion in 2017 , up 8 percent . free cash flow was $ 2.1 billion in 2016 , compared with $ 1.5 billion in 2015 . the company is targeting capital spending of approximately $ 550 million in 2018 . net cash paid in connection with acquisitions was $ 2990 million , $ 132 million and $ 324 million in 2017 , 2016 and 2015 , respectively . proceeds from divestitures not classified as discontinued operations were $ 39 million in 2017 and $ 1812 million in 2015 . dividends were $ 1239 million ( $ 1.92 per share ) in 2017 , compared with $ 1227 million ( $ 1.90 per share ) in 2016 and $ 1269 million ( $ 1.88 per share ) in 2015 . in november 2017 , the board of directors voted to increase the quarterly cash dividend 1 percent , to an annualized rate of $ 1.94 per share . purchases of emerson common stock totaled $ 400 million , $ 601 million and $ 2487 million in 2017 , 2016 and 2015 , respectively , at average per share prices of $ 60.51 , $ 48.11 and $ 57.68 . the board of directors authorized the purchase of up to 70 million common shares in november 2015 , and 56.9 million shares remain available for purchase under this authorization . the company purchased 6.6 million shares in 2017 under the november 2015 authorization . in 2016 , the company purchased 12.5 million shares under a combination of the november 2015 authorization and the remainder of the may 2013 authorization . a total of 43.1 million shares were purchased in 2015 under the may 2013 authorization . leverage/capitalization ( dollars in millions ) 2015 2016 2017 . <table class='wikitable'><tr><td>1</td><td>( dollars in millions )</td><td>2015</td><td>2016</td><td>2017</td></tr><tr><td>2</td><td>total assets</td><td>$ 22088</td><td>21732</td><td>19589</td></tr><tr><td>3</td><td>long-term debt</td><td>$ 4289</td><td>4051</td><td>3794</td></tr><tr><td>4</td><td>common stockholders' equity</td><td>$ 8081</td><td>7568</td><td>8718</td></tr><tr><td>5</td><td>total debt-to-total capital ratio</td><td>45.8% ( 45.8 % )</td><td>46.7% ( 46.7 % )</td><td>34.8% ( 34.8 % )</td></tr><tr><td>6</td><td>net debt-to-net capital ratio</td><td>31.3% ( 31.3 % )</td><td>31.3% ( 31.3 % )</td><td>15.4% ( 15.4 % )</td></tr><tr><td>7</td><td>operating cash flow-to-debt ratio</td><td>29.8% ( 29.8 % )</td><td>37.7% ( 37.7 % )</td><td>57.8% ( 57.8 % )</td></tr><tr><td>8</td><td>interest coverage ratio</td><td>20.2x</td><td>11.8x</td><td>12.6x</td></tr></table> total debt , which includes long-term debt , current maturities of long-term debt , commercial paper and other short-term borrowings , was $ 4.7 billion , $ 6.6 billion and $ 6.8 billion for 2017 , 2016 and 2015 , respectively . during the year , the company repaid $ 250 million of 5.125% ( 5.125 % ) notes that matured in december 2016 . in 2015 , the company issued $ 500 million of 2.625% ( 2.625 % ) notes due december 2021 and $ 500 million of 3.150% ( 3.150 % ) notes due june 2025 , and repaid $ 250 million of 5.0% ( 5.0 % ) notes that matured in december 2014 and $ 250 million of 4.125% ( 4.125 % ) notes that matured in april 2015 . the total debt-to-capital ratio and the net debt-to-net capital ratio ( less cash and short-term investments ) decreased in 2017 due to lower total debt outstanding and higher common stockholders 2019 equity from changes in other comprehensive income . the total debt-to-capital ratio and the net debt-to-net capital ratio ( less cash and short-term investments ) increased in 2016 due to lower common stockholders 2019 equity from share repurchases and changes in other comprehensive income . the operating cash flow from continuing operations-to-debt ratio increased in 2017 primarily due to lower debt in the current year . the operating cash flow from continuing operations-to- debt ratio increased in 2016 primarily due to taxes paid in 2015 on the divestiture gains and lower debt in 2016 . the interest coverage ratio is computed as earnings from continuing operations before income taxes plus interest expense , divided by interest expense . the increase in interest coverage in 2017 reflects lower interest expense in the current year . the decrease in interest coverage in 2016 reflects lower pretax earnings , largely due to the divestiture gains of $ 1039 million in 2015 , and slightly higher interest expense . in april 2014 , the company entered into a $ 3.5 billion five- year revolving backup credit facility with various banks , which replaced the december 2010 $ 2.75 billion facility . the credit facility is maintained to support general corporate purposes , including commercial paper borrowing . the company has not incurred any borrowings under this or previous facilities . the credit facility contains no financial covenants and is not subject to termination based on a change of credit rating or material adverse changes . the facility is unsecured and may be accessed under various interest rate and currency denomination alternatives at the company 2019s option . fees to maintain the facility are immaterial . the company also maintains a universal shelf registration statement on file with the sec under which .
Conversations:
q0: what was the value of total debt in 2016? 6.6
Question: what is that times 1000?
Answer: | 6600.0 | 1 | 2,210 |
convfinqa8095 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: operating cash flow from continuing operations for 2017 was $ 2.7 billion , a $ 191 million , or 8 percent increase compared with 2016 , reflecting higher earnings and favorable changes in working capital . operating cash flow from continuing operations of $ 2.5 billion in 2016 was a 23 percent increase compared to $ 2.0 billion in 2015 , as comparisons benefited from income taxes of $ 424 million paid on the gains from divestitures in 2015 . at september 30 , 2017 , operating working capital as a percent of sales increased to 6.6 percent due to higher levels of working capital in the acquired valves & controls business , compared with 5.2 percent and 7.2 percent in 2016 and 2015 , respectively . operating cash flow from continuing operations funded capital expenditures of $ 476 million , dividends of $ 1239 million , common stock purchases of $ 400 million , and was also used to partially pay down debt in 2017 . proceeds of $ 5.1 billion from the sales of the network power systems and power generation , motors and drives businesses funded acquisitions of $ 2990 million , cash used for discontinued operations of $ 778 million and repayments of short-term borrowings and long-term debt of approximately $ 1.3 billion . contributions to pension plans were $ 45 million in 2017 , $ 66 million in 2016 and $ 53 million in 2015 . capital expenditures related to continuing operations were $ 476 million , $ 447 million and $ 588 million in 2017 , 2016 and 2015 , respectively . free cash flow from continuing operations ( operating cash flow less capital expenditures ) was $ 2.2 billion in 2017 , up 8 percent . free cash flow was $ 2.1 billion in 2016 , compared with $ 1.5 billion in 2015 . the company is targeting capital spending of approximately $ 550 million in 2018 . net cash paid in connection with acquisitions was $ 2990 million , $ 132 million and $ 324 million in 2017 , 2016 and 2015 , respectively . proceeds from divestitures not classified as discontinued operations were $ 39 million in 2017 and $ 1812 million in 2015 . dividends were $ 1239 million ( $ 1.92 per share ) in 2017 , compared with $ 1227 million ( $ 1.90 per share ) in 2016 and $ 1269 million ( $ 1.88 per share ) in 2015 . in november 2017 , the board of directors voted to increase the quarterly cash dividend 1 percent , to an annualized rate of $ 1.94 per share . purchases of emerson common stock totaled $ 400 million , $ 601 million and $ 2487 million in 2017 , 2016 and 2015 , respectively , at average per share prices of $ 60.51 , $ 48.11 and $ 57.68 . the board of directors authorized the purchase of up to 70 million common shares in november 2015 , and 56.9 million shares remain available for purchase under this authorization . the company purchased 6.6 million shares in 2017 under the november 2015 authorization . in 2016 , the company purchased 12.5 million shares under a combination of the november 2015 authorization and the remainder of the may 2013 authorization . a total of 43.1 million shares were purchased in 2015 under the may 2013 authorization . leverage/capitalization ( dollars in millions ) 2015 2016 2017 . <table class='wikitable'><tr><td>1</td><td>( dollars in millions )</td><td>2015</td><td>2016</td><td>2017</td></tr><tr><td>2</td><td>total assets</td><td>$ 22088</td><td>21732</td><td>19589</td></tr><tr><td>3</td><td>long-term debt</td><td>$ 4289</td><td>4051</td><td>3794</td></tr><tr><td>4</td><td>common stockholders' equity</td><td>$ 8081</td><td>7568</td><td>8718</td></tr><tr><td>5</td><td>total debt-to-total capital ratio</td><td>45.8% ( 45.8 % )</td><td>46.7% ( 46.7 % )</td><td>34.8% ( 34.8 % )</td></tr><tr><td>6</td><td>net debt-to-net capital ratio</td><td>31.3% ( 31.3 % )</td><td>31.3% ( 31.3 % )</td><td>15.4% ( 15.4 % )</td></tr><tr><td>7</td><td>operating cash flow-to-debt ratio</td><td>29.8% ( 29.8 % )</td><td>37.7% ( 37.7 % )</td><td>57.8% ( 57.8 % )</td></tr><tr><td>8</td><td>interest coverage ratio</td><td>20.2x</td><td>11.8x</td><td>12.6x</td></tr></table> total debt , which includes long-term debt , current maturities of long-term debt , commercial paper and other short-term borrowings , was $ 4.7 billion , $ 6.6 billion and $ 6.8 billion for 2017 , 2016 and 2015 , respectively . during the year , the company repaid $ 250 million of 5.125% ( 5.125 % ) notes that matured in december 2016 . in 2015 , the company issued $ 500 million of 2.625% ( 2.625 % ) notes due december 2021 and $ 500 million of 3.150% ( 3.150 % ) notes due june 2025 , and repaid $ 250 million of 5.0% ( 5.0 % ) notes that matured in december 2014 and $ 250 million of 4.125% ( 4.125 % ) notes that matured in april 2015 . the total debt-to-capital ratio and the net debt-to-net capital ratio ( less cash and short-term investments ) decreased in 2017 due to lower total debt outstanding and higher common stockholders 2019 equity from changes in other comprehensive income . the total debt-to-capital ratio and the net debt-to-net capital ratio ( less cash and short-term investments ) increased in 2016 due to lower common stockholders 2019 equity from share repurchases and changes in other comprehensive income . the operating cash flow from continuing operations-to-debt ratio increased in 2017 primarily due to lower debt in the current year . the operating cash flow from continuing operations-to- debt ratio increased in 2016 primarily due to taxes paid in 2015 on the divestiture gains and lower debt in 2016 . the interest coverage ratio is computed as earnings from continuing operations before income taxes plus interest expense , divided by interest expense . the increase in interest coverage in 2017 reflects lower interest expense in the current year . the decrease in interest coverage in 2016 reflects lower pretax earnings , largely due to the divestiture gains of $ 1039 million in 2015 , and slightly higher interest expense . in april 2014 , the company entered into a $ 3.5 billion five- year revolving backup credit facility with various banks , which replaced the december 2010 $ 2.75 billion facility . the credit facility is maintained to support general corporate purposes , including commercial paper borrowing . the company has not incurred any borrowings under this or previous facilities . the credit facility contains no financial covenants and is not subject to termination based on a change of credit rating or material adverse changes . the facility is unsecured and may be accessed under various interest rate and currency denomination alternatives at the company 2019s option . fees to maintain the facility are immaterial . the company also maintains a universal shelf registration statement on file with the sec under which .
Conversations:
q0: what was the value of total debt in 2016? 6.6
q1: what is that times 1000? 6600.0
Question: what is the value of long term debt in 2016 divided by the value of total debt?
Answer: | 0.61379 | 2 | 2,210 |
convfinqa8096 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: federal realty investment trust schedule iii summary of real estate and accumulated depreciation 2014continued three years ended december 31 , 2009 reconciliation of accumulated depreciation and amortization ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>balance december 31 2006</td><td>$ 740507</td></tr><tr><td>2</td><td>additions during period 2014depreciation and amortization expense</td><td>96454</td></tr><tr><td>3</td><td>deductions during period 2014disposition and retirements of property</td><td>-80258 ( 80258 )</td></tr><tr><td>4</td><td>balance december 31 2007</td><td>756703</td></tr><tr><td>5</td><td>additions during period 2014depreciation and amortization expense</td><td>101321</td></tr><tr><td>6</td><td>deductions during period 2014disposition and retirements of property</td><td>-11766 ( 11766 )</td></tr><tr><td>7</td><td>balance december 31 2008</td><td>846258</td></tr><tr><td>8</td><td>additions during period 2014depreciation and amortization expense</td><td>103.698</td></tr><tr><td>9</td><td>deductions during period 2014disposition and retirements of property</td><td>-11869 ( 11869 )</td></tr><tr><td>10</td><td>balance december 31 2009</td><td>$ 938087</td></tr></table> .
Conversations:
Question: for the years of 2006 and 2007, what was the combined total of additions, in thousands?
Answer: | 197775.0 | 0 | 2,211 |
convfinqa8097 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: federal realty investment trust schedule iii summary of real estate and accumulated depreciation 2014continued three years ended december 31 , 2009 reconciliation of accumulated depreciation and amortization ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>balance december 31 2006</td><td>$ 740507</td></tr><tr><td>2</td><td>additions during period 2014depreciation and amortization expense</td><td>96454</td></tr><tr><td>3</td><td>deductions during period 2014disposition and retirements of property</td><td>-80258 ( 80258 )</td></tr><tr><td>4</td><td>balance december 31 2007</td><td>756703</td></tr><tr><td>5</td><td>additions during period 2014depreciation and amortization expense</td><td>101321</td></tr><tr><td>6</td><td>deductions during period 2014disposition and retirements of property</td><td>-11766 ( 11766 )</td></tr><tr><td>7</td><td>balance december 31 2008</td><td>846258</td></tr><tr><td>8</td><td>additions during period 2014depreciation and amortization expense</td><td>103.698</td></tr><tr><td>9</td><td>deductions during period 2014disposition and retirements of property</td><td>-11869 ( 11869 )</td></tr><tr><td>10</td><td>balance december 31 2009</td><td>$ 938087</td></tr></table> .
Conversations:
q0: for the years of 2006 and 2007, what was the combined total of additions, in thousands? 197775.0
Question: and what were those additions in 2008?
Answer: | 103.698 | 1 | 2,211 |
convfinqa8098 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: federal realty investment trust schedule iii summary of real estate and accumulated depreciation 2014continued three years ended december 31 , 2009 reconciliation of accumulated depreciation and amortization ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>balance december 31 2006</td><td>$ 740507</td></tr><tr><td>2</td><td>additions during period 2014depreciation and amortization expense</td><td>96454</td></tr><tr><td>3</td><td>deductions during period 2014disposition and retirements of property</td><td>-80258 ( 80258 )</td></tr><tr><td>4</td><td>balance december 31 2007</td><td>756703</td></tr><tr><td>5</td><td>additions during period 2014depreciation and amortization expense</td><td>101321</td></tr><tr><td>6</td><td>deductions during period 2014disposition and retirements of property</td><td>-11766 ( 11766 )</td></tr><tr><td>7</td><td>balance december 31 2008</td><td>846258</td></tr><tr><td>8</td><td>additions during period 2014depreciation and amortization expense</td><td>103.698</td></tr><tr><td>9</td><td>deductions during period 2014disposition and retirements of property</td><td>-11869 ( 11869 )</td></tr><tr><td>10</td><td>balance december 31 2009</td><td>$ 938087</td></tr></table> .
Conversations:
q0: for the years of 2006 and 2007, what was the combined total of additions, in thousands? 197775.0
q1: and what were those additions in 2008? 103.698
Question: including, then, 2008, what becomes that total of additions?
Answer: | 301473.0 | 2 | 2,211 |
convfinqa8099 | In the context of this series of interconnected finance-related queries and the additional information provided by the pretext, table data, and posttext from a company's financial filings, please provide a response to the final question. This may require extracting information from the context and performing mathematical calculations. Please take into account the information provided in the preceding questions and their answers when formulating your response:
Context: federal realty investment trust schedule iii summary of real estate and accumulated depreciation 2014continued three years ended december 31 , 2009 reconciliation of accumulated depreciation and amortization ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>balance december 31 2006</td><td>$ 740507</td></tr><tr><td>2</td><td>additions during period 2014depreciation and amortization expense</td><td>96454</td></tr><tr><td>3</td><td>deductions during period 2014disposition and retirements of property</td><td>-80258 ( 80258 )</td></tr><tr><td>4</td><td>balance december 31 2007</td><td>756703</td></tr><tr><td>5</td><td>additions during period 2014depreciation and amortization expense</td><td>101321</td></tr><tr><td>6</td><td>deductions during period 2014disposition and retirements of property</td><td>-11766 ( 11766 )</td></tr><tr><td>7</td><td>balance december 31 2008</td><td>846258</td></tr><tr><td>8</td><td>additions during period 2014depreciation and amortization expense</td><td>103.698</td></tr><tr><td>9</td><td>deductions during period 2014disposition and retirements of property</td><td>-11869 ( 11869 )</td></tr><tr><td>10</td><td>balance december 31 2009</td><td>$ 938087</td></tr></table> .
Conversations:
q0: for the years of 2006 and 2007, what was the combined total of additions, in thousands? 197775.0
q1: and what were those additions in 2008? 103.698
q2: including, then, 2008, what becomes that total of additions? 301473.0
Question: and what was the average between the three years?
Answer: | 100491.0 | 3 | 2,211 |
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