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other off-balance sheet commitments lease commitments the company leases various equipment and facilities , including retail space , under noncancelable operating lease arrangements . the company does not currently utilize any other off-balance sheet financing arrangements . the major facility leases are typically for terms not exceeding 10 years and generally provide renewal options for terms not exceeding five additional years . leases for retail space are for terms ranging from five to 20 years , the majority of which are for 10 years , and often contain multi-year renewal options . as of september 29 , 2012 , the company 2019s total future minimum lease payments under noncancelable operating leases were $ 4.4 billion , of which $ 3.1 billion related to leases for retail space . rent expense under all operating leases , including both cancelable and noncancelable leases , was $ 488 million , $ 338 million and $ 271 million in 2012 , 2011 and 2010 , respectively . future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of september 29 , 2012 , are as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>2013</td><td>$ 516</td></tr><tr><td>2</td><td>2014</td><td>556</td></tr><tr><td>3</td><td>2015</td><td>542</td></tr><tr><td>4</td><td>2016</td><td>513</td></tr><tr><td>5</td><td>2017</td><td>486</td></tr><tr><td>6</td><td>thereafter</td><td>1801</td></tr><tr><td>7</td><td>total minimum lease payments</td><td>$ 4414</td></tr></table> other commitments as of september 29 , 2012 , the company had outstanding off-balance sheet third-party manufacturing commitments and component purchase commitments of $ 21.1 billion . in addition to the off-balance sheet commitments mentioned above , the company had outstanding obligations of $ 988 million as of september 29 , 2012 , which were comprised mainly of commitments to acquire capital assets , including product tooling and manufacturing process equipment , and commitments related to advertising , research and development , internet and telecommunications services and other obligations . contingencies the company is subject to various legal proceedings and claims that have arisen in the ordinary course of business and have not been fully adjudicated , certain of which are discussed in part i , item 3 of this form 10-k under the heading 201clegal proceedings 201d and in part i , item 1a of this form 10-k under the heading 201crisk factors . 201d in the opinion of management , there was not at least a reasonable possibility the company may have incurred a material loss , or a material loss in excess of a recorded accrual , with respect to loss contingencies . however , the outcome of litigation is inherently uncertain . therefore , although management considers the likelihood of such an outcome to be remote , if one or more of these legal matters were resolved against the company in a reporting period for amounts in excess of management 2019s expectations , the company 2019s consolidated financial statements for that reporting period could be materially adversely affected . apple inc . vs samsung electronics co. , ltd , et al . on august 24 , 2012 , a jury returned a verdict awarding the company $ 1.05 billion in its lawsuit against samsung electronics and affiliated parties in the united states district court , northern district of california , san jose division . because the award is subject to entry of final judgment and may be subject to appeal , the company has not recognized the award in its consolidated financial statements for the year ended september 29 , 2012. .
Question: what was the rent expense in 2012?
Answer: 488.0
Question: what was the rent expense in 2011?
| 338.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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other off-balance sheet commitments lease commitments the company leases various equipment and facilities , including retail space , under noncancelable operating lease arrangements . the company does not currently utilize any other off-balance sheet financing arrangements . the major facility leases are typically for terms not exceeding 10 years and generally provide renewal options for terms not exceeding five additional years . leases for retail space are for terms ranging from five to 20 years , the majority of which are for 10 years , and often contain multi-year renewal options . as of september 29 , 2012 , the company 2019s total future minimum lease payments under noncancelable operating leases were $ 4.4 billion , of which $ 3.1 billion related to leases for retail space . rent expense under all operating leases , including both cancelable and noncancelable leases , was $ 488 million , $ 338 million and $ 271 million in 2012 , 2011 and 2010 , respectively . future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of september 29 , 2012 , are as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>2013</td><td>$ 516</td></tr><tr><td>2</td><td>2014</td><td>556</td></tr><tr><td>3</td><td>2015</td><td>542</td></tr><tr><td>4</td><td>2016</td><td>513</td></tr><tr><td>5</td><td>2017</td><td>486</td></tr><tr><td>6</td><td>thereafter</td><td>1801</td></tr><tr><td>7</td><td>total minimum lease payments</td><td>$ 4414</td></tr></table> other commitments as of september 29 , 2012 , the company had outstanding off-balance sheet third-party manufacturing commitments and component purchase commitments of $ 21.1 billion . in addition to the off-balance sheet commitments mentioned above , the company had outstanding obligations of $ 988 million as of september 29 , 2012 , which were comprised mainly of commitments to acquire capital assets , including product tooling and manufacturing process equipment , and commitments related to advertising , research and development , internet and telecommunications services and other obligations . contingencies the company is subject to various legal proceedings and claims that have arisen in the ordinary course of business and have not been fully adjudicated , certain of which are discussed in part i , item 3 of this form 10-k under the heading 201clegal proceedings 201d and in part i , item 1a of this form 10-k under the heading 201crisk factors . 201d in the opinion of management , there was not at least a reasonable possibility the company may have incurred a material loss , or a material loss in excess of a recorded accrual , with respect to loss contingencies . however , the outcome of litigation is inherently uncertain . therefore , although management considers the likelihood of such an outcome to be remote , if one or more of these legal matters were resolved against the company in a reporting period for amounts in excess of management 2019s expectations , the company 2019s consolidated financial statements for that reporting period could be materially adversely affected . apple inc . vs samsung electronics co. , ltd , et al . on august 24 , 2012 , a jury returned a verdict awarding the company $ 1.05 billion in its lawsuit against samsung electronics and affiliated parties in the united states district court , northern district of california , san jose division . because the award is subject to entry of final judgment and may be subject to appeal , the company has not recognized the award in its consolidated financial statements for the year ended september 29 , 2012. .
Question: what was the rent expense in 2012?
Answer: 488.0
Question: what was the rent expense in 2011?
Answer: 338.0
Question: what is the difference?
| 150.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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other off-balance sheet commitments lease commitments the company leases various equipment and facilities , including retail space , under noncancelable operating lease arrangements . the company does not currently utilize any other off-balance sheet financing arrangements . the major facility leases are typically for terms not exceeding 10 years and generally provide renewal options for terms not exceeding five additional years . leases for retail space are for terms ranging from five to 20 years , the majority of which are for 10 years , and often contain multi-year renewal options . as of september 29 , 2012 , the company 2019s total future minimum lease payments under noncancelable operating leases were $ 4.4 billion , of which $ 3.1 billion related to leases for retail space . rent expense under all operating leases , including both cancelable and noncancelable leases , was $ 488 million , $ 338 million and $ 271 million in 2012 , 2011 and 2010 , respectively . future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of september 29 , 2012 , are as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>2013</td><td>$ 516</td></tr><tr><td>2</td><td>2014</td><td>556</td></tr><tr><td>3</td><td>2015</td><td>542</td></tr><tr><td>4</td><td>2016</td><td>513</td></tr><tr><td>5</td><td>2017</td><td>486</td></tr><tr><td>6</td><td>thereafter</td><td>1801</td></tr><tr><td>7</td><td>total minimum lease payments</td><td>$ 4414</td></tr></table> other commitments as of september 29 , 2012 , the company had outstanding off-balance sheet third-party manufacturing commitments and component purchase commitments of $ 21.1 billion . in addition to the off-balance sheet commitments mentioned above , the company had outstanding obligations of $ 988 million as of september 29 , 2012 , which were comprised mainly of commitments to acquire capital assets , including product tooling and manufacturing process equipment , and commitments related to advertising , research and development , internet and telecommunications services and other obligations . contingencies the company is subject to various legal proceedings and claims that have arisen in the ordinary course of business and have not been fully adjudicated , certain of which are discussed in part i , item 3 of this form 10-k under the heading 201clegal proceedings 201d and in part i , item 1a of this form 10-k under the heading 201crisk factors . 201d in the opinion of management , there was not at least a reasonable possibility the company may have incurred a material loss , or a material loss in excess of a recorded accrual , with respect to loss contingencies . however , the outcome of litigation is inherently uncertain . therefore , although management considers the likelihood of such an outcome to be remote , if one or more of these legal matters were resolved against the company in a reporting period for amounts in excess of management 2019s expectations , the company 2019s consolidated financial statements for that reporting period could be materially adversely affected . apple inc . vs samsung electronics co. , ltd , et al . on august 24 , 2012 , a jury returned a verdict awarding the company $ 1.05 billion in its lawsuit against samsung electronics and affiliated parties in the united states district court , northern district of california , san jose division . because the award is subject to entry of final judgment and may be subject to appeal , the company has not recognized the award in its consolidated financial statements for the year ended september 29 , 2012. .
Question: what was the rent expense in 2012?
Answer: 488.0
Question: what was the rent expense in 2011?
Answer: 338.0
Question: what is the difference?
Answer: 150.0
Question: what was the rent expense in 2011?
| 338.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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other off-balance sheet commitments lease commitments the company leases various equipment and facilities , including retail space , under noncancelable operating lease arrangements . the company does not currently utilize any other off-balance sheet financing arrangements . the major facility leases are typically for terms not exceeding 10 years and generally provide renewal options for terms not exceeding five additional years . leases for retail space are for terms ranging from five to 20 years , the majority of which are for 10 years , and often contain multi-year renewal options . as of september 29 , 2012 , the company 2019s total future minimum lease payments under noncancelable operating leases were $ 4.4 billion , of which $ 3.1 billion related to leases for retail space . rent expense under all operating leases , including both cancelable and noncancelable leases , was $ 488 million , $ 338 million and $ 271 million in 2012 , 2011 and 2010 , respectively . future minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of september 29 , 2012 , are as follows ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>2013</td><td>$ 516</td></tr><tr><td>2</td><td>2014</td><td>556</td></tr><tr><td>3</td><td>2015</td><td>542</td></tr><tr><td>4</td><td>2016</td><td>513</td></tr><tr><td>5</td><td>2017</td><td>486</td></tr><tr><td>6</td><td>thereafter</td><td>1801</td></tr><tr><td>7</td><td>total minimum lease payments</td><td>$ 4414</td></tr></table> other commitments as of september 29 , 2012 , the company had outstanding off-balance sheet third-party manufacturing commitments and component purchase commitments of $ 21.1 billion . in addition to the off-balance sheet commitments mentioned above , the company had outstanding obligations of $ 988 million as of september 29 , 2012 , which were comprised mainly of commitments to acquire capital assets , including product tooling and manufacturing process equipment , and commitments related to advertising , research and development , internet and telecommunications services and other obligations . contingencies the company is subject to various legal proceedings and claims that have arisen in the ordinary course of business and have not been fully adjudicated , certain of which are discussed in part i , item 3 of this form 10-k under the heading 201clegal proceedings 201d and in part i , item 1a of this form 10-k under the heading 201crisk factors . 201d in the opinion of management , there was not at least a reasonable possibility the company may have incurred a material loss , or a material loss in excess of a recorded accrual , with respect to loss contingencies . however , the outcome of litigation is inherently uncertain . therefore , although management considers the likelihood of such an outcome to be remote , if one or more of these legal matters were resolved against the company in a reporting period for amounts in excess of management 2019s expectations , the company 2019s consolidated financial statements for that reporting period could be materially adversely affected . apple inc . vs samsung electronics co. , ltd , et al . on august 24 , 2012 , a jury returned a verdict awarding the company $ 1.05 billion in its lawsuit against samsung electronics and affiliated parties in the united states district court , northern district of california , san jose division . because the award is subject to entry of final judgment and may be subject to appeal , the company has not recognized the award in its consolidated financial statements for the year ended september 29 , 2012. .
Question: what was the rent expense in 2012?
Answer: 488.0
Question: what was the rent expense in 2011?
Answer: 338.0
Question: what is the difference?
Answer: 150.0
Question: what was the rent expense in 2011?
Answer: 338.0
Question: what is the percent change?
| 0.44379 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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note 17 . accumulated other comprehensive losses : pmi's accumulated other comprehensive losses , net of taxes , consisted of the following: . <table class='wikitable'><tr><td>1</td><td>( losses ) earnings ( in millions )</td><td>( losses ) earnings 2017</td><td>( losses ) earnings 2016</td><td>2015</td></tr><tr><td>2</td><td>currency translation adjustments</td><td>$ -5761 ( 5761 )</td><td>$ -6091 ( 6091 )</td><td>$ -6129 ( 6129 )</td></tr><tr><td>3</td><td>pension and other benefits</td><td>-2816 ( 2816 )</td><td>-3565 ( 3565 )</td><td>-3332 ( 3332 )</td></tr><tr><td>4</td><td>derivatives accounted for as hedges</td><td>42</td><td>97</td><td>59</td></tr><tr><td>5</td><td>total accumulated other comprehensive losses</td><td>$ -8535 ( 8535 )</td><td>$ -9559 ( 9559 )</td><td>$ -9402 ( 9402 )</td></tr></table> reclassifications from other comprehensive earnings the movements in accumulated other comprehensive losses and the related tax impact , for each of the components above , that are due to current period activity and reclassifications to the income statement are shown on the consolidated statements of comprehensive earnings for the years ended december 31 , 2017 , 2016 , and 2015 . for the years ended december 31 , 2017 , 2016 , and 2015 , $ 2 million , $ ( 5 ) million and $ 1 million of net currency translation adjustment gains/ ( losses ) were transferred from other comprehensive earnings to marketing , administration and research costs in the consolidated statements of earnings , respectively , upon liquidation of subsidiaries . for additional information , see note 13 . benefit plans and note 15 . financial instruments for disclosures related to pmi's pension and other benefits and derivative financial instruments . note 18 . contingencies : tobacco-related litigation legal proceedings covering a wide range of matters are pending or threatened against us , and/or our subsidiaries , and/or our indemnitees in various jurisdictions . our indemnitees include distributors , licensees and others that have been named as parties in certain cases and that we have agreed to defend , as well as to pay costs and some or all of judgments , if any , that may be entered against them . pursuant to the terms of the distribution agreement between altria group , inc . ( "altria" ) and pmi , pmi will indemnify altria and philip morris usa inc . ( "pm usa" ) , a u.s . tobacco subsidiary of altria , for tobacco product claims based in substantial part on products manufactured by pmi or contract manufactured for pmi by pm usa , and pm usa will indemnify pmi for tobacco product claims based in substantial part on products manufactured by pm usa , excluding tobacco products contract manufactured for pmi . it is possible that there could be adverse developments in pending cases against us and our subsidiaries . an unfavorable outcome or settlement of pending tobacco-related litigation could encourage the commencement of additional litigation . damages claimed in some of the tobacco-related litigation are significant and , in certain cases in brazil , canada and nigeria , range into the billions of u.s . dollars . the variability in pleadings in multiple jurisdictions , together with the actual experience of management in litigating claims , demonstrate that the monetary relief that may be specified in a lawsuit bears little relevance to the ultimate outcome . much of the tobacco-related litigation is in its early stages , and litigation is subject to uncertainty . however , as discussed below , we have to date been largely successful in defending tobacco-related litigation . we and our subsidiaries record provisions in the consolidated financial statements for pending litigation when we determine that an unfavorable outcome is probable and the amount of the loss can be reasonably estimated . at the present time , while it is reasonably possible that an unfavorable outcome in a case may occur , after assessing the information available to it ( i ) management has not concluded that it is probable that a loss has been incurred in any of the pending tobacco-related cases ; ( ii ) management is unable to estimate the possible loss or range of loss for any of the pending tobacco-related cases ; and ( iii ) accordingly , no estimated loss has been accrued in the consolidated financial statements for unfavorable outcomes in these cases , if any . legal defense costs are expensed as incurred. .
Question: what is the net change in the total accumulated other comprehensive losses from 2015 to 2016?
| -157.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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note 17 . accumulated other comprehensive losses : pmi's accumulated other comprehensive losses , net of taxes , consisted of the following: . <table class='wikitable'><tr><td>1</td><td>( losses ) earnings ( in millions )</td><td>( losses ) earnings 2017</td><td>( losses ) earnings 2016</td><td>2015</td></tr><tr><td>2</td><td>currency translation adjustments</td><td>$ -5761 ( 5761 )</td><td>$ -6091 ( 6091 )</td><td>$ -6129 ( 6129 )</td></tr><tr><td>3</td><td>pension and other benefits</td><td>-2816 ( 2816 )</td><td>-3565 ( 3565 )</td><td>-3332 ( 3332 )</td></tr><tr><td>4</td><td>derivatives accounted for as hedges</td><td>42</td><td>97</td><td>59</td></tr><tr><td>5</td><td>total accumulated other comprehensive losses</td><td>$ -8535 ( 8535 )</td><td>$ -9559 ( 9559 )</td><td>$ -9402 ( 9402 )</td></tr></table> reclassifications from other comprehensive earnings the movements in accumulated other comprehensive losses and the related tax impact , for each of the components above , that are due to current period activity and reclassifications to the income statement are shown on the consolidated statements of comprehensive earnings for the years ended december 31 , 2017 , 2016 , and 2015 . for the years ended december 31 , 2017 , 2016 , and 2015 , $ 2 million , $ ( 5 ) million and $ 1 million of net currency translation adjustment gains/ ( losses ) were transferred from other comprehensive earnings to marketing , administration and research costs in the consolidated statements of earnings , respectively , upon liquidation of subsidiaries . for additional information , see note 13 . benefit plans and note 15 . financial instruments for disclosures related to pmi's pension and other benefits and derivative financial instruments . note 18 . contingencies : tobacco-related litigation legal proceedings covering a wide range of matters are pending or threatened against us , and/or our subsidiaries , and/or our indemnitees in various jurisdictions . our indemnitees include distributors , licensees and others that have been named as parties in certain cases and that we have agreed to defend , as well as to pay costs and some or all of judgments , if any , that may be entered against them . pursuant to the terms of the distribution agreement between altria group , inc . ( "altria" ) and pmi , pmi will indemnify altria and philip morris usa inc . ( "pm usa" ) , a u.s . tobacco subsidiary of altria , for tobacco product claims based in substantial part on products manufactured by pmi or contract manufactured for pmi by pm usa , and pm usa will indemnify pmi for tobacco product claims based in substantial part on products manufactured by pm usa , excluding tobacco products contract manufactured for pmi . it is possible that there could be adverse developments in pending cases against us and our subsidiaries . an unfavorable outcome or settlement of pending tobacco-related litigation could encourage the commencement of additional litigation . damages claimed in some of the tobacco-related litigation are significant and , in certain cases in brazil , canada and nigeria , range into the billions of u.s . dollars . the variability in pleadings in multiple jurisdictions , together with the actual experience of management in litigating claims , demonstrate that the monetary relief that may be specified in a lawsuit bears little relevance to the ultimate outcome . much of the tobacco-related litigation is in its early stages , and litigation is subject to uncertainty . however , as discussed below , we have to date been largely successful in defending tobacco-related litigation . we and our subsidiaries record provisions in the consolidated financial statements for pending litigation when we determine that an unfavorable outcome is probable and the amount of the loss can be reasonably estimated . at the present time , while it is reasonably possible that an unfavorable outcome in a case may occur , after assessing the information available to it ( i ) management has not concluded that it is probable that a loss has been incurred in any of the pending tobacco-related cases ; ( ii ) management is unable to estimate the possible loss or range of loss for any of the pending tobacco-related cases ; and ( iii ) accordingly , no estimated loss has been accrued in the consolidated financial statements for unfavorable outcomes in these cases , if any . legal defense costs are expensed as incurred. .
Question: what is the net change in the total accumulated other comprehensive losses from 2015 to 2016?
Answer: -157.0
Question: what about from 2016 to 2017?
| 1024.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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management 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) corporate and other expenses decreased slightly during 2012 by $ 4.7 to $ 137.3 compared to 2011 , primarily due to lower office and general expenses , partially offset by an increase in temporary help to support our information-technology system-upgrade initiatives . liquidity and capital resources cash flow overview the following tables summarize key financial data relating to our liquidity , capital resources and uses of capital. . <table class='wikitable'><tr><td>1</td><td>cash flow data</td><td>years ended december 31 , 2013</td><td>years ended december 31 , 2012</td><td>years ended december 31 , 2011</td></tr><tr><td>2</td><td>net income adjusted to reconcile net income to net cashprovided by operating activities1</td><td>$ 598.4</td><td>$ 697.2</td><td>$ 735.7</td></tr><tr><td>3</td><td>net cash used in working capital b2</td><td>-9.6 ( 9.6 )</td><td>-293.2 ( 293.2 )</td><td>-359.4 ( 359.4 )</td></tr><tr><td>4</td><td>changes in other non-current assets and liabilities using cash</td><td>4.1</td><td>-46.8 ( 46.8 )</td><td>-102.8 ( 102.8 )</td></tr><tr><td>5</td><td>net cash provided by operating activities</td><td>$ 592.9</td><td>$ 357.2</td><td>$ 273.5</td></tr><tr><td>6</td><td>net cash used in investing activities</td><td>-224.5 ( 224.5 )</td><td>-210.2 ( 210.2 )</td><td>-58.8 ( 58.8 )</td></tr><tr><td>7</td><td>net cash ( used in ) provided by financing activities</td><td>-1212.3 ( 1212.3 )</td><td>131.3</td><td>-541.0 ( 541.0 )</td></tr></table> 1 reflects net income adjusted primarily for depreciation and amortization of fixed assets and intangible assets , amortization of restricted stock and other non-cash compensation , non-cash loss related to early extinguishment of debt , and deferred income taxes . 2 reflects changes in accounts receivable , expenditures billable to clients , other current assets , accounts payable and accrued liabilities . operating activities net cash provided by operating activities during 2013 was $ 592.9 , which was an increase of $ 235.7 as compared to 2012 , primarily as a result of an improvement in working capital usage of $ 283.6 , offset by a decrease in net income . due to the seasonality of our business , we typically generate cash from working capital in the second half of a year and use cash from working capital in the first half of a year , with the largest impacts in the first and fourth quarters . the improvement in working capital in 2013 was impacted by our media businesses and an ongoing focus on working capital management at our agencies . net cash provided by operating activities during 2012 was $ 357.2 , which was an increase of $ 83.7 as compared to 2011 , primarily as a result of a decrease in working capital usage of $ 66.2 . the net working capital usage in 2012 was primarily impacted by our media businesses . the timing of media buying on behalf of our clients affects our working capital and operating cash flow . in most of our businesses , our agencies enter into commitments to pay production and media costs on behalf of clients . to the extent possible we pay production and media charges after we have received funds from our clients . the amounts involved substantially exceed our revenues , and primarily affect the level of accounts receivable , expenditures billable to clients , accounts payable and accrued liabilities . our assets include both cash received and accounts receivable from clients for these pass-through arrangements , while our liabilities include amounts owed on behalf of clients to media and production suppliers . our accrued liabilities are also affected by the timing of certain other payments . for example , while annual cash incentive awards are accrued throughout the year , they are generally paid during the first quarter of the subsequent year . investing activities net cash used in investing activities during 2013 primarily relates to payments for capital expenditures and acquisitions . capital expenditures of $ 173.0 relate primarily to computer hardware and software and leasehold improvements . we made payments of $ 61.5 related to acquisitions completed during 2013. .
Question: what was the net cash provided by operating activities in 2013?
| 592.9 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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management 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) corporate and other expenses decreased slightly during 2012 by $ 4.7 to $ 137.3 compared to 2011 , primarily due to lower office and general expenses , partially offset by an increase in temporary help to support our information-technology system-upgrade initiatives . liquidity and capital resources cash flow overview the following tables summarize key financial data relating to our liquidity , capital resources and uses of capital. . <table class='wikitable'><tr><td>1</td><td>cash flow data</td><td>years ended december 31 , 2013</td><td>years ended december 31 , 2012</td><td>years ended december 31 , 2011</td></tr><tr><td>2</td><td>net income adjusted to reconcile net income to net cashprovided by operating activities1</td><td>$ 598.4</td><td>$ 697.2</td><td>$ 735.7</td></tr><tr><td>3</td><td>net cash used in working capital b2</td><td>-9.6 ( 9.6 )</td><td>-293.2 ( 293.2 )</td><td>-359.4 ( 359.4 )</td></tr><tr><td>4</td><td>changes in other non-current assets and liabilities using cash</td><td>4.1</td><td>-46.8 ( 46.8 )</td><td>-102.8 ( 102.8 )</td></tr><tr><td>5</td><td>net cash provided by operating activities</td><td>$ 592.9</td><td>$ 357.2</td><td>$ 273.5</td></tr><tr><td>6</td><td>net cash used in investing activities</td><td>-224.5 ( 224.5 )</td><td>-210.2 ( 210.2 )</td><td>-58.8 ( 58.8 )</td></tr><tr><td>7</td><td>net cash ( used in ) provided by financing activities</td><td>-1212.3 ( 1212.3 )</td><td>131.3</td><td>-541.0 ( 541.0 )</td></tr></table> 1 reflects net income adjusted primarily for depreciation and amortization of fixed assets and intangible assets , amortization of restricted stock and other non-cash compensation , non-cash loss related to early extinguishment of debt , and deferred income taxes . 2 reflects changes in accounts receivable , expenditures billable to clients , other current assets , accounts payable and accrued liabilities . operating activities net cash provided by operating activities during 2013 was $ 592.9 , which was an increase of $ 235.7 as compared to 2012 , primarily as a result of an improvement in working capital usage of $ 283.6 , offset by a decrease in net income . due to the seasonality of our business , we typically generate cash from working capital in the second half of a year and use cash from working capital in the first half of a year , with the largest impacts in the first and fourth quarters . the improvement in working capital in 2013 was impacted by our media businesses and an ongoing focus on working capital management at our agencies . net cash provided by operating activities during 2012 was $ 357.2 , which was an increase of $ 83.7 as compared to 2011 , primarily as a result of a decrease in working capital usage of $ 66.2 . the net working capital usage in 2012 was primarily impacted by our media businesses . the timing of media buying on behalf of our clients affects our working capital and operating cash flow . in most of our businesses , our agencies enter into commitments to pay production and media costs on behalf of clients . to the extent possible we pay production and media charges after we have received funds from our clients . the amounts involved substantially exceed our revenues , and primarily affect the level of accounts receivable , expenditures billable to clients , accounts payable and accrued liabilities . our assets include both cash received and accounts receivable from clients for these pass-through arrangements , while our liabilities include amounts owed on behalf of clients to media and production suppliers . our accrued liabilities are also affected by the timing of certain other payments . for example , while annual cash incentive awards are accrued throughout the year , they are generally paid during the first quarter of the subsequent year . investing activities net cash used in investing activities during 2013 primarily relates to payments for capital expenditures and acquisitions . capital expenditures of $ 173.0 relate primarily to computer hardware and software and leasehold improvements . we made payments of $ 61.5 related to acquisitions completed during 2013. .
Question: what was the net cash provided by operating activities in 2013?
Answer: 592.9
Question: and what was the net cash used in investing activities in that same year?
| -224.5 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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management 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) corporate and other expenses decreased slightly during 2012 by $ 4.7 to $ 137.3 compared to 2011 , primarily due to lower office and general expenses , partially offset by an increase in temporary help to support our information-technology system-upgrade initiatives . liquidity and capital resources cash flow overview the following tables summarize key financial data relating to our liquidity , capital resources and uses of capital. . <table class='wikitable'><tr><td>1</td><td>cash flow data</td><td>years ended december 31 , 2013</td><td>years ended december 31 , 2012</td><td>years ended december 31 , 2011</td></tr><tr><td>2</td><td>net income adjusted to reconcile net income to net cashprovided by operating activities1</td><td>$ 598.4</td><td>$ 697.2</td><td>$ 735.7</td></tr><tr><td>3</td><td>net cash used in working capital b2</td><td>-9.6 ( 9.6 )</td><td>-293.2 ( 293.2 )</td><td>-359.4 ( 359.4 )</td></tr><tr><td>4</td><td>changes in other non-current assets and liabilities using cash</td><td>4.1</td><td>-46.8 ( 46.8 )</td><td>-102.8 ( 102.8 )</td></tr><tr><td>5</td><td>net cash provided by operating activities</td><td>$ 592.9</td><td>$ 357.2</td><td>$ 273.5</td></tr><tr><td>6</td><td>net cash used in investing activities</td><td>-224.5 ( 224.5 )</td><td>-210.2 ( 210.2 )</td><td>-58.8 ( 58.8 )</td></tr><tr><td>7</td><td>net cash ( used in ) provided by financing activities</td><td>-1212.3 ( 1212.3 )</td><td>131.3</td><td>-541.0 ( 541.0 )</td></tr></table> 1 reflects net income adjusted primarily for depreciation and amortization of fixed assets and intangible assets , amortization of restricted stock and other non-cash compensation , non-cash loss related to early extinguishment of debt , and deferred income taxes . 2 reflects changes in accounts receivable , expenditures billable to clients , other current assets , accounts payable and accrued liabilities . operating activities net cash provided by operating activities during 2013 was $ 592.9 , which was an increase of $ 235.7 as compared to 2012 , primarily as a result of an improvement in working capital usage of $ 283.6 , offset by a decrease in net income . due to the seasonality of our business , we typically generate cash from working capital in the second half of a year and use cash from working capital in the first half of a year , with the largest impacts in the first and fourth quarters . the improvement in working capital in 2013 was impacted by our media businesses and an ongoing focus on working capital management at our agencies . net cash provided by operating activities during 2012 was $ 357.2 , which was an increase of $ 83.7 as compared to 2011 , primarily as a result of a decrease in working capital usage of $ 66.2 . the net working capital usage in 2012 was primarily impacted by our media businesses . the timing of media buying on behalf of our clients affects our working capital and operating cash flow . in most of our businesses , our agencies enter into commitments to pay production and media costs on behalf of clients . to the extent possible we pay production and media charges after we have received funds from our clients . the amounts involved substantially exceed our revenues , and primarily affect the level of accounts receivable , expenditures billable to clients , accounts payable and accrued liabilities . our assets include both cash received and accounts receivable from clients for these pass-through arrangements , while our liabilities include amounts owed on behalf of clients to media and production suppliers . our accrued liabilities are also affected by the timing of certain other payments . for example , while annual cash incentive awards are accrued throughout the year , they are generally paid during the first quarter of the subsequent year . investing activities net cash used in investing activities during 2013 primarily relates to payments for capital expenditures and acquisitions . capital expenditures of $ 173.0 relate primarily to computer hardware and software and leasehold improvements . we made payments of $ 61.5 related to acquisitions completed during 2013. .
Question: what was the net cash provided by operating activities in 2013?
Answer: 592.9
Question: and what was the net cash used in investing activities in that same year?
Answer: -224.5
Question: what was, then, the balance between the provided and the spent net cash in that year?
| 368.4 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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management 2019s discussion and analysis of financial condition and results of operations 2013 ( continued ) ( amounts in millions , except per share amounts ) corporate and other expenses decreased slightly during 2012 by $ 4.7 to $ 137.3 compared to 2011 , primarily due to lower office and general expenses , partially offset by an increase in temporary help to support our information-technology system-upgrade initiatives . liquidity and capital resources cash flow overview the following tables summarize key financial data relating to our liquidity , capital resources and uses of capital. . <table class='wikitable'><tr><td>1</td><td>cash flow data</td><td>years ended december 31 , 2013</td><td>years ended december 31 , 2012</td><td>years ended december 31 , 2011</td></tr><tr><td>2</td><td>net income adjusted to reconcile net income to net cashprovided by operating activities1</td><td>$ 598.4</td><td>$ 697.2</td><td>$ 735.7</td></tr><tr><td>3</td><td>net cash used in working capital b2</td><td>-9.6 ( 9.6 )</td><td>-293.2 ( 293.2 )</td><td>-359.4 ( 359.4 )</td></tr><tr><td>4</td><td>changes in other non-current assets and liabilities using cash</td><td>4.1</td><td>-46.8 ( 46.8 )</td><td>-102.8 ( 102.8 )</td></tr><tr><td>5</td><td>net cash provided by operating activities</td><td>$ 592.9</td><td>$ 357.2</td><td>$ 273.5</td></tr><tr><td>6</td><td>net cash used in investing activities</td><td>-224.5 ( 224.5 )</td><td>-210.2 ( 210.2 )</td><td>-58.8 ( 58.8 )</td></tr><tr><td>7</td><td>net cash ( used in ) provided by financing activities</td><td>-1212.3 ( 1212.3 )</td><td>131.3</td><td>-541.0 ( 541.0 )</td></tr></table> 1 reflects net income adjusted primarily for depreciation and amortization of fixed assets and intangible assets , amortization of restricted stock and other non-cash compensation , non-cash loss related to early extinguishment of debt , and deferred income taxes . 2 reflects changes in accounts receivable , expenditures billable to clients , other current assets , accounts payable and accrued liabilities . operating activities net cash provided by operating activities during 2013 was $ 592.9 , which was an increase of $ 235.7 as compared to 2012 , primarily as a result of an improvement in working capital usage of $ 283.6 , offset by a decrease in net income . due to the seasonality of our business , we typically generate cash from working capital in the second half of a year and use cash from working capital in the first half of a year , with the largest impacts in the first and fourth quarters . the improvement in working capital in 2013 was impacted by our media businesses and an ongoing focus on working capital management at our agencies . net cash provided by operating activities during 2012 was $ 357.2 , which was an increase of $ 83.7 as compared to 2011 , primarily as a result of a decrease in working capital usage of $ 66.2 . the net working capital usage in 2012 was primarily impacted by our media businesses . the timing of media buying on behalf of our clients affects our working capital and operating cash flow . in most of our businesses , our agencies enter into commitments to pay production and media costs on behalf of clients . to the extent possible we pay production and media charges after we have received funds from our clients . the amounts involved substantially exceed our revenues , and primarily affect the level of accounts receivable , expenditures billable to clients , accounts payable and accrued liabilities . our assets include both cash received and accounts receivable from clients for these pass-through arrangements , while our liabilities include amounts owed on behalf of clients to media and production suppliers . our accrued liabilities are also affected by the timing of certain other payments . for example , while annual cash incentive awards are accrued throughout the year , they are generally paid during the first quarter of the subsequent year . investing activities net cash used in investing activities during 2013 primarily relates to payments for capital expenditures and acquisitions . capital expenditures of $ 173.0 relate primarily to computer hardware and software and leasehold improvements . we made payments of $ 61.5 related to acquisitions completed during 2013. .
Question: what was the net cash provided by operating activities in 2013?
Answer: 592.9
Question: and what was the net cash used in investing activities in that same year?
Answer: -224.5
Question: what was, then, the balance between the provided and the spent net cash in that year?
Answer: 368.4
Question: and what would be the total net change, considering this balance and the net cash ( used in ) provided by financing activities?
| -843.9 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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notes to consolidated financial statements ( continued ) note 1 2014summary of significant accounting policies ( continued ) present value is accreted over the life of the related lease as an operating expense . all of the company 2019s existing asset retirement obligations are associated with commitments to return property subject to operating leases to original condition upon lease termination . the following table reconciles changes in the company 2019s asset retirement liabilities for fiscal 2006 and 2005 ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>asset retirement liability as of september 25 2004</td><td>$ 8.2</td></tr><tr><td>2</td><td>additional asset retirement obligations recognized</td><td>2.8</td></tr><tr><td>3</td><td>accretion recognized</td><td>0.7</td></tr><tr><td>4</td><td>asset retirement liability as of september 24 2005</td><td>$ 11.7</td></tr><tr><td>5</td><td>additional asset retirement obligations recognized</td><td>2.5</td></tr><tr><td>6</td><td>accretion recognized</td><td>0.5</td></tr><tr><td>7</td><td>asset retirement liability as of september 30 2006</td><td>$ 14.7</td></tr></table> long-lived assets including goodwill and other acquired intangible assets the company reviews property , plant , and equipment and certain identifiable intangibles , excluding goodwill , for impairment in accordance with sfas no . 144 , accounting for the impairment of long-lived assets and for long-lived assets to be disposed of . long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable . recoverability of these assets is measured by comparison of its carrying amount to future undiscounted cash flows the assets are expected to generate . if property , plant , and equipment and certain identifiable intangibles are considered to be impaired , the impairment to be recognized equals the amount by which the carrying value of the assets exceeds its fair market value . for the three fiscal years ended september 30 , 2006 , the company had no material impairment of its long-lived assets , except for the impairment of certain assets in connection with the restructuring actions described in note 6 of these notes to consolidated financial statements . sfas no . 142 , goodwill and other intangible assets requires that goodwill and intangible assets with indefinite useful lives should not be amortized but rather be tested for impairment at least annually or sooner whenever events or changes in circumstances indicate that they may be impaired . the company performs its goodwill impairment tests on or about august 30 of each year . the company did not recognize any goodwill or intangible asset impairment charges in 2006 , 2005 , or 2004 . the company established reporting units based on its current reporting structure . for purposes of testing goodwill for impairment , goodwill has been allocated to these reporting units to the extent it relates to each reporting sfas no . 142 also requires that intangible assets with definite lives be amortized over their estimated useful lives and reviewed for impairment in accordance with sfas no . 144 . the company is currently amortizing its acquired intangible assets with definite lives over periods ranging from 3 to 10 years . foreign currency translation the company translates the assets and liabilities of its international non-u.s . functional currency subsidiaries into u.s . dollars using exchange rates in effect at the end of each period . revenue and expenses for these subsidiaries are translated using rates that approximate those in effect during the period . gains and losses from these translations are credited or charged to foreign currency translation .
Question: what is the asset retirement liability as of september 24 2005?
| 11.7 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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notes to consolidated financial statements ( continued ) note 1 2014summary of significant accounting policies ( continued ) present value is accreted over the life of the related lease as an operating expense . all of the company 2019s existing asset retirement obligations are associated with commitments to return property subject to operating leases to original condition upon lease termination . the following table reconciles changes in the company 2019s asset retirement liabilities for fiscal 2006 and 2005 ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>asset retirement liability as of september 25 2004</td><td>$ 8.2</td></tr><tr><td>2</td><td>additional asset retirement obligations recognized</td><td>2.8</td></tr><tr><td>3</td><td>accretion recognized</td><td>0.7</td></tr><tr><td>4</td><td>asset retirement liability as of september 24 2005</td><td>$ 11.7</td></tr><tr><td>5</td><td>additional asset retirement obligations recognized</td><td>2.5</td></tr><tr><td>6</td><td>accretion recognized</td><td>0.5</td></tr><tr><td>7</td><td>asset retirement liability as of september 30 2006</td><td>$ 14.7</td></tr></table> long-lived assets including goodwill and other acquired intangible assets the company reviews property , plant , and equipment and certain identifiable intangibles , excluding goodwill , for impairment in accordance with sfas no . 144 , accounting for the impairment of long-lived assets and for long-lived assets to be disposed of . long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable . recoverability of these assets is measured by comparison of its carrying amount to future undiscounted cash flows the assets are expected to generate . if property , plant , and equipment and certain identifiable intangibles are considered to be impaired , the impairment to be recognized equals the amount by which the carrying value of the assets exceeds its fair market value . for the three fiscal years ended september 30 , 2006 , the company had no material impairment of its long-lived assets , except for the impairment of certain assets in connection with the restructuring actions described in note 6 of these notes to consolidated financial statements . sfas no . 142 , goodwill and other intangible assets requires that goodwill and intangible assets with indefinite useful lives should not be amortized but rather be tested for impairment at least annually or sooner whenever events or changes in circumstances indicate that they may be impaired . the company performs its goodwill impairment tests on or about august 30 of each year . the company did not recognize any goodwill or intangible asset impairment charges in 2006 , 2005 , or 2004 . the company established reporting units based on its current reporting structure . for purposes of testing goodwill for impairment , goodwill has been allocated to these reporting units to the extent it relates to each reporting sfas no . 142 also requires that intangible assets with definite lives be amortized over their estimated useful lives and reviewed for impairment in accordance with sfas no . 144 . the company is currently amortizing its acquired intangible assets with definite lives over periods ranging from 3 to 10 years . foreign currency translation the company translates the assets and liabilities of its international non-u.s . functional currency subsidiaries into u.s . dollars using exchange rates in effect at the end of each period . revenue and expenses for these subsidiaries are translated using rates that approximate those in effect during the period . gains and losses from these translations are credited or charged to foreign currency translation .
Question: what is the asset retirement liability as of september 24 2005?
Answer: 11.7
Question: what about 2004?
| 8.2 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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notes to consolidated financial statements ( continued ) note 1 2014summary of significant accounting policies ( continued ) present value is accreted over the life of the related lease as an operating expense . all of the company 2019s existing asset retirement obligations are associated with commitments to return property subject to operating leases to original condition upon lease termination . the following table reconciles changes in the company 2019s asset retirement liabilities for fiscal 2006 and 2005 ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>asset retirement liability as of september 25 2004</td><td>$ 8.2</td></tr><tr><td>2</td><td>additional asset retirement obligations recognized</td><td>2.8</td></tr><tr><td>3</td><td>accretion recognized</td><td>0.7</td></tr><tr><td>4</td><td>asset retirement liability as of september 24 2005</td><td>$ 11.7</td></tr><tr><td>5</td><td>additional asset retirement obligations recognized</td><td>2.5</td></tr><tr><td>6</td><td>accretion recognized</td><td>0.5</td></tr><tr><td>7</td><td>asset retirement liability as of september 30 2006</td><td>$ 14.7</td></tr></table> long-lived assets including goodwill and other acquired intangible assets the company reviews property , plant , and equipment and certain identifiable intangibles , excluding goodwill , for impairment in accordance with sfas no . 144 , accounting for the impairment of long-lived assets and for long-lived assets to be disposed of . long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable . recoverability of these assets is measured by comparison of its carrying amount to future undiscounted cash flows the assets are expected to generate . if property , plant , and equipment and certain identifiable intangibles are considered to be impaired , the impairment to be recognized equals the amount by which the carrying value of the assets exceeds its fair market value . for the three fiscal years ended september 30 , 2006 , the company had no material impairment of its long-lived assets , except for the impairment of certain assets in connection with the restructuring actions described in note 6 of these notes to consolidated financial statements . sfas no . 142 , goodwill and other intangible assets requires that goodwill and intangible assets with indefinite useful lives should not be amortized but rather be tested for impairment at least annually or sooner whenever events or changes in circumstances indicate that they may be impaired . the company performs its goodwill impairment tests on or about august 30 of each year . the company did not recognize any goodwill or intangible asset impairment charges in 2006 , 2005 , or 2004 . the company established reporting units based on its current reporting structure . for purposes of testing goodwill for impairment , goodwill has been allocated to these reporting units to the extent it relates to each reporting sfas no . 142 also requires that intangible assets with definite lives be amortized over their estimated useful lives and reviewed for impairment in accordance with sfas no . 144 . the company is currently amortizing its acquired intangible assets with definite lives over periods ranging from 3 to 10 years . foreign currency translation the company translates the assets and liabilities of its international non-u.s . functional currency subsidiaries into u.s . dollars using exchange rates in effect at the end of each period . revenue and expenses for these subsidiaries are translated using rates that approximate those in effect during the period . gains and losses from these translations are credited or charged to foreign currency translation .
Question: what is the asset retirement liability as of september 24 2005?
Answer: 11.7
Question: what about 2004?
Answer: 8.2
Question: what is the net change from 2004 to 2005?
| 3.5 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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notes to consolidated financial statements ( continued ) note 1 2014summary of significant accounting policies ( continued ) present value is accreted over the life of the related lease as an operating expense . all of the company 2019s existing asset retirement obligations are associated with commitments to return property subject to operating leases to original condition upon lease termination . the following table reconciles changes in the company 2019s asset retirement liabilities for fiscal 2006 and 2005 ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>asset retirement liability as of september 25 2004</td><td>$ 8.2</td></tr><tr><td>2</td><td>additional asset retirement obligations recognized</td><td>2.8</td></tr><tr><td>3</td><td>accretion recognized</td><td>0.7</td></tr><tr><td>4</td><td>asset retirement liability as of september 24 2005</td><td>$ 11.7</td></tr><tr><td>5</td><td>additional asset retirement obligations recognized</td><td>2.5</td></tr><tr><td>6</td><td>accretion recognized</td><td>0.5</td></tr><tr><td>7</td><td>asset retirement liability as of september 30 2006</td><td>$ 14.7</td></tr></table> long-lived assets including goodwill and other acquired intangible assets the company reviews property , plant , and equipment and certain identifiable intangibles , excluding goodwill , for impairment in accordance with sfas no . 144 , accounting for the impairment of long-lived assets and for long-lived assets to be disposed of . long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable . recoverability of these assets is measured by comparison of its carrying amount to future undiscounted cash flows the assets are expected to generate . if property , plant , and equipment and certain identifiable intangibles are considered to be impaired , the impairment to be recognized equals the amount by which the carrying value of the assets exceeds its fair market value . for the three fiscal years ended september 30 , 2006 , the company had no material impairment of its long-lived assets , except for the impairment of certain assets in connection with the restructuring actions described in note 6 of these notes to consolidated financial statements . sfas no . 142 , goodwill and other intangible assets requires that goodwill and intangible assets with indefinite useful lives should not be amortized but rather be tested for impairment at least annually or sooner whenever events or changes in circumstances indicate that they may be impaired . the company performs its goodwill impairment tests on or about august 30 of each year . the company did not recognize any goodwill or intangible asset impairment charges in 2006 , 2005 , or 2004 . the company established reporting units based on its current reporting structure . for purposes of testing goodwill for impairment , goodwill has been allocated to these reporting units to the extent it relates to each reporting sfas no . 142 also requires that intangible assets with definite lives be amortized over their estimated useful lives and reviewed for impairment in accordance with sfas no . 144 . the company is currently amortizing its acquired intangible assets with definite lives over periods ranging from 3 to 10 years . foreign currency translation the company translates the assets and liabilities of its international non-u.s . functional currency subsidiaries into u.s . dollars using exchange rates in effect at the end of each period . revenue and expenses for these subsidiaries are translated using rates that approximate those in effect during the period . gains and losses from these translations are credited or charged to foreign currency translation .
Question: what is the asset retirement liability as of september 24 2005?
Answer: 11.7
Question: what about 2004?
Answer: 8.2
Question: what is the net change from 2004 to 2005?
Answer: 3.5
Question: what is the asset retirement liability as of september 24 2004?
| 8.2 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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notes to consolidated financial statements ( continued ) note 1 2014summary of significant accounting policies ( continued ) present value is accreted over the life of the related lease as an operating expense . all of the company 2019s existing asset retirement obligations are associated with commitments to return property subject to operating leases to original condition upon lease termination . the following table reconciles changes in the company 2019s asset retirement liabilities for fiscal 2006 and 2005 ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>asset retirement liability as of september 25 2004</td><td>$ 8.2</td></tr><tr><td>2</td><td>additional asset retirement obligations recognized</td><td>2.8</td></tr><tr><td>3</td><td>accretion recognized</td><td>0.7</td></tr><tr><td>4</td><td>asset retirement liability as of september 24 2005</td><td>$ 11.7</td></tr><tr><td>5</td><td>additional asset retirement obligations recognized</td><td>2.5</td></tr><tr><td>6</td><td>accretion recognized</td><td>0.5</td></tr><tr><td>7</td><td>asset retirement liability as of september 30 2006</td><td>$ 14.7</td></tr></table> long-lived assets including goodwill and other acquired intangible assets the company reviews property , plant , and equipment and certain identifiable intangibles , excluding goodwill , for impairment in accordance with sfas no . 144 , accounting for the impairment of long-lived assets and for long-lived assets to be disposed of . long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable . recoverability of these assets is measured by comparison of its carrying amount to future undiscounted cash flows the assets are expected to generate . if property , plant , and equipment and certain identifiable intangibles are considered to be impaired , the impairment to be recognized equals the amount by which the carrying value of the assets exceeds its fair market value . for the three fiscal years ended september 30 , 2006 , the company had no material impairment of its long-lived assets , except for the impairment of certain assets in connection with the restructuring actions described in note 6 of these notes to consolidated financial statements . sfas no . 142 , goodwill and other intangible assets requires that goodwill and intangible assets with indefinite useful lives should not be amortized but rather be tested for impairment at least annually or sooner whenever events or changes in circumstances indicate that they may be impaired . the company performs its goodwill impairment tests on or about august 30 of each year . the company did not recognize any goodwill or intangible asset impairment charges in 2006 , 2005 , or 2004 . the company established reporting units based on its current reporting structure . for purposes of testing goodwill for impairment , goodwill has been allocated to these reporting units to the extent it relates to each reporting sfas no . 142 also requires that intangible assets with definite lives be amortized over their estimated useful lives and reviewed for impairment in accordance with sfas no . 144 . the company is currently amortizing its acquired intangible assets with definite lives over periods ranging from 3 to 10 years . foreign currency translation the company translates the assets and liabilities of its international non-u.s . functional currency subsidiaries into u.s . dollars using exchange rates in effect at the end of each period . revenue and expenses for these subsidiaries are translated using rates that approximate those in effect during the period . gains and losses from these translations are credited or charged to foreign currency translation .
Question: what is the asset retirement liability as of september 24 2005?
Answer: 11.7
Question: what about 2004?
Answer: 8.2
Question: what is the net change from 2004 to 2005?
Answer: 3.5
Question: what is the asset retirement liability as of september 24 2004?
Answer: 8.2
Question: what percentage change does this represent?
| 0.42683 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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years 2002 , 2003 , 2004 , and the first two quarters of fiscal 2005 . the restatement related to tax matters . the company provided information to the sec staff relating to the facts and circumstances surrounding the restatement . on july 28 , 2006 , the company filed an amendment to its annual report on form 10-k for the fiscal year ended may 29 , 2005 . the filing amended item 6 . selected financial data and exhibit 12 , computation of ratios of earnings to fixed charges , for fiscal year 2001 , and certain restated financial information for fiscal years 1999 and 2000 , all related to the application of certain of the company 2019s reserves for the three years and fiscal year 1999 income tax expense . the company provided information to the sec staff relating to the facts and circumstances surrounding the amended filing . the company reached an agreement with the sec staff concerning matters associated with these amended filings . that proposed settlement was approved by the securities and exchange commission on july 17 , 2007 . on july 24 , 2007 , the sec filed its complaint against the company in the united states district court for the district of colorado , followed by an executed consent , which without the company admitting or denying the allegations of the complaint , reflects the terms of the settlement , including payment by the company of a civil penalty of $ 45 million and the company 2019s agreement to be permanently enjoined from violating certain provisions of the federal securities laws . additionally , the company made approximately $ 2 million in indemnity payments on behalf of former employees concluding separate settlements with the sec . the company recorded charges of $ 25 million in fiscal 2004 , $ 21.5 million in the third quarter of fiscal 2005 , and $ 1.2 million in the first quarter of fiscal 2007 in connection with the expected settlement of these matters . three purported class actions were filed in united states district court for nebraska , rantala v . conagra foods , inc. , et . al. , case no . 805cv349 , and bright v . conagra foods , inc. , et . al. , case no . 805cv348 on july 18 , 2005 , and boyd v . conagra foods , inc. , et . al. , case no . 805cv386 on august 8 , 2005 . the lawsuits are against the company , its directors and its employee benefits committee on behalf of participants in the company 2019s employee retirement income savings plans . the lawsuits allege violations of the employee retirement income security act ( erisa ) in connection with the events resulting in the company 2019s april 2005 restatement of its financial statements and related matters . the company has reached a settlement with the plaintiffs in these actions subject to court approval . the settlement includes a $ 4 million payment , most of which will be paid by an insurer . the company has also agreed to make certain prospective changes to its benefit plans as part of the settlement . 2006 vs . 2005 net sales ( $ in millions ) reporting segment fiscal 2006 net sales fiscal 2005 net sales % ( % ) increase/ ( decrease ) . <table class='wikitable'><tr><td>1</td><td>reporting segment</td><td>fiscal 2006 net sales</td><td>fiscal 2005 net sales</td><td>% ( % ) increase/ ( decrease )</td></tr><tr><td>2</td><td>consumer foods</td><td>$ 6504</td><td>$ 6598</td><td>( 1 ) % ( % )</td></tr><tr><td>3</td><td>food and ingredients</td><td>3189</td><td>2986</td><td>7% ( 7 % )</td></tr><tr><td>4</td><td>trading and merchandising</td><td>1186</td><td>1224</td><td>( 3 ) % ( % )</td></tr><tr><td>5</td><td>international foods</td><td>603</td><td>576</td><td>5% ( 5 % )</td></tr><tr><td>6</td><td>total</td><td>$ 11482</td><td>$ 11384</td><td>1% ( 1 % )</td></tr></table> overall , company net sales increased $ 98 million to $ 11.5 billion in fiscal 2006 , primarily reflecting favorable results in the food and ingredients and international foods segments . price increases driven by higher input costs for potatoes , wheat milling and dehydrated vegetables within the food and ingredients segment , coupled with the strength of foreign currencies within the international foods segment enhanced net sales . these increases were partially offset by volume declines in the consumer foods segment , principally related to certain shelf stable brands and declines in the trading and merchandising segment related to decreased volumes and certain divestitures and closures. .
Question: in 2005, what was the percentage of total net sales that were food and ingredients?
| 0.2623 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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years 2002 , 2003 , 2004 , and the first two quarters of fiscal 2005 . the restatement related to tax matters . the company provided information to the sec staff relating to the facts and circumstances surrounding the restatement . on july 28 , 2006 , the company filed an amendment to its annual report on form 10-k for the fiscal year ended may 29 , 2005 . the filing amended item 6 . selected financial data and exhibit 12 , computation of ratios of earnings to fixed charges , for fiscal year 2001 , and certain restated financial information for fiscal years 1999 and 2000 , all related to the application of certain of the company 2019s reserves for the three years and fiscal year 1999 income tax expense . the company provided information to the sec staff relating to the facts and circumstances surrounding the amended filing . the company reached an agreement with the sec staff concerning matters associated with these amended filings . that proposed settlement was approved by the securities and exchange commission on july 17 , 2007 . on july 24 , 2007 , the sec filed its complaint against the company in the united states district court for the district of colorado , followed by an executed consent , which without the company admitting or denying the allegations of the complaint , reflects the terms of the settlement , including payment by the company of a civil penalty of $ 45 million and the company 2019s agreement to be permanently enjoined from violating certain provisions of the federal securities laws . additionally , the company made approximately $ 2 million in indemnity payments on behalf of former employees concluding separate settlements with the sec . the company recorded charges of $ 25 million in fiscal 2004 , $ 21.5 million in the third quarter of fiscal 2005 , and $ 1.2 million in the first quarter of fiscal 2007 in connection with the expected settlement of these matters . three purported class actions were filed in united states district court for nebraska , rantala v . conagra foods , inc. , et . al. , case no . 805cv349 , and bright v . conagra foods , inc. , et . al. , case no . 805cv348 on july 18 , 2005 , and boyd v . conagra foods , inc. , et . al. , case no . 805cv386 on august 8 , 2005 . the lawsuits are against the company , its directors and its employee benefits committee on behalf of participants in the company 2019s employee retirement income savings plans . the lawsuits allege violations of the employee retirement income security act ( erisa ) in connection with the events resulting in the company 2019s april 2005 restatement of its financial statements and related matters . the company has reached a settlement with the plaintiffs in these actions subject to court approval . the settlement includes a $ 4 million payment , most of which will be paid by an insurer . the company has also agreed to make certain prospective changes to its benefit plans as part of the settlement . 2006 vs . 2005 net sales ( $ in millions ) reporting segment fiscal 2006 net sales fiscal 2005 net sales % ( % ) increase/ ( decrease ) . <table class='wikitable'><tr><td>1</td><td>reporting segment</td><td>fiscal 2006 net sales</td><td>fiscal 2005 net sales</td><td>% ( % ) increase/ ( decrease )</td></tr><tr><td>2</td><td>consumer foods</td><td>$ 6504</td><td>$ 6598</td><td>( 1 ) % ( % )</td></tr><tr><td>3</td><td>food and ingredients</td><td>3189</td><td>2986</td><td>7% ( 7 % )</td></tr><tr><td>4</td><td>trading and merchandising</td><td>1186</td><td>1224</td><td>( 3 ) % ( % )</td></tr><tr><td>5</td><td>international foods</td><td>603</td><td>576</td><td>5% ( 5 % )</td></tr><tr><td>6</td><td>total</td><td>$ 11482</td><td>$ 11384</td><td>1% ( 1 % )</td></tr></table> overall , company net sales increased $ 98 million to $ 11.5 billion in fiscal 2006 , primarily reflecting favorable results in the food and ingredients and international foods segments . price increases driven by higher input costs for potatoes , wheat milling and dehydrated vegetables within the food and ingredients segment , coupled with the strength of foreign currencies within the international foods segment enhanced net sales . these increases were partially offset by volume declines in the consumer foods segment , principally related to certain shelf stable brands and declines in the trading and merchandising segment related to decreased volumes and certain divestitures and closures. .
Question: in 2005, what was the percentage of total net sales that were food and ingredients?
Answer: 0.2623
Question: and the percentage of this value for 2006?
| 0.27774 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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morgan stanley notes to consolidated financial statements 2014 ( continued ) senior debt securities often are denominated in various non-u.s . dollar currencies and may be structured to provide a return that is equity-linked , credit-linked , commodity-linked or linked to some other index ( e.g. , the consumer price index ) . senior debt also may be structured to be callable by the company or extendible at the option of holders of the senior debt securities . debt containing provisions that effectively allow the holders to put or extend the notes aggregated $ 2902 million at december 31 , 2015 and $ 2175 million at december 31 , 2014 . in addition , in certain circumstances , certain purchasers may be entitled to cause the repurchase of the notes . the aggregated value of notes subject to these arrangements was $ 650 million at december 31 , 2015 and $ 551 million at december 31 , 2014 . subordinated debt and junior subordinated debentures generally are issued to meet the capital requirements of the company or its regulated subsidiaries and primarily are u.s . dollar denominated . during 2015 , morgan stanley capital trusts vi and vii redeemed all of their issued and outstanding 6.60% ( 6.60 % ) capital securities , respectively , and the company concurrently redeemed the related underlying junior subordinated debentures . senior debt 2014structured borrowings . the company 2019s index-linked , equity-linked or credit-linked borrowings include various structured instruments whose payments and redemption values are linked to the performance of a specific index ( e.g. , standard & poor 2019s 500 ) , a basket of stocks , a specific equity security , a credit exposure or basket of credit exposures . to minimize the exposure resulting from movements in the underlying index , equity , credit or other position , the company has entered into various swap contracts and purchased options that effectively convert the borrowing costs into floating rates based upon libor . the company generally carries the entire structured borrowings at fair value . the swaps and purchased options used to economically hedge the embedded features are derivatives and also are carried at fair value . changes in fair value related to the notes and economic hedges are reported in trading revenues . see note 3 for further information on structured borrowings . subordinated debt and junior subordinated debentures . included in the long-term borrowings are subordinated notes of $ 10404 million having a contractual weighted average coupon of 4.45% ( 4.45 % ) at december 31 , 2015 and $ 8339 million having a contractual weighted average coupon of 4.57% ( 4.57 % ) at december 31 , 2014 . junior subordinated debentures outstanding by the company were $ 2870 million at december 31 , 2015 having a contractual weighted average coupon of 6.22% ( 6.22 % ) at december 31 , 2015 and $ 4868 million at december 31 , 2014 having a contractual weighted average coupon of 6.37% ( 6.37 % ) at december 31 , 2014 . maturities of the subordinated and junior subordinated notes range from 2022 to 2067 , while maturities of certain junior subordinated debentures can be extended to 2052 at the company 2019s option . asset and liability management . in general , securities inventories that are not financed by secured funding sources and the majority of the company 2019s assets are financed with a combination of deposits , short-term funding , floating rate long-term debt or fixed rate long-term debt swapped to a floating rate . fixed assets are generally financed with fixed rate long-term debt . the company uses interest rate swaps to more closely match these borrowings to the duration , holding period and interest rate characteristics of the assets being funded and to manage interest rate risk . these swaps effectively convert certain of the company 2019s fixed rate borrowings into floating rate obligations . in addition , for non-u.s . dollar currency borrowings that are not used to fund assets in the same currency , the company has entered into currency swaps that effectively convert the borrowings into u.s . dollar obligations . the company 2019s use of swaps for asset and liability management affected its effective average borrowing rate . effective average borrowing rate. . <table class='wikitable'><tr><td>1</td><td>-</td><td>2015</td><td>2014</td><td>2013</td></tr><tr><td>2</td><td>weighted average coupon of long-term borrowings at period-end ( 1 )</td><td>4.0% ( 4.0 % )</td><td>4.2% ( 4.2 % )</td><td>4.4% ( 4.4 % )</td></tr><tr><td>3</td><td>effective average borrowing rate for long-term borrowings after swaps at period-end ( 1 )</td><td>2.1% ( 2.1 % )</td><td>2.3% ( 2.3 % )</td><td>2.2% ( 2.2 % )</td></tr></table> .
Question: in 2015, what was the change on the effective borrowing rate due to the use of swaps?
| 1.9 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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morgan stanley notes to consolidated financial statements 2014 ( continued ) senior debt securities often are denominated in various non-u.s . dollar currencies and may be structured to provide a return that is equity-linked , credit-linked , commodity-linked or linked to some other index ( e.g. , the consumer price index ) . senior debt also may be structured to be callable by the company or extendible at the option of holders of the senior debt securities . debt containing provisions that effectively allow the holders to put or extend the notes aggregated $ 2902 million at december 31 , 2015 and $ 2175 million at december 31 , 2014 . in addition , in certain circumstances , certain purchasers may be entitled to cause the repurchase of the notes . the aggregated value of notes subject to these arrangements was $ 650 million at december 31 , 2015 and $ 551 million at december 31 , 2014 . subordinated debt and junior subordinated debentures generally are issued to meet the capital requirements of the company or its regulated subsidiaries and primarily are u.s . dollar denominated . during 2015 , morgan stanley capital trusts vi and vii redeemed all of their issued and outstanding 6.60% ( 6.60 % ) capital securities , respectively , and the company concurrently redeemed the related underlying junior subordinated debentures . senior debt 2014structured borrowings . the company 2019s index-linked , equity-linked or credit-linked borrowings include various structured instruments whose payments and redemption values are linked to the performance of a specific index ( e.g. , standard & poor 2019s 500 ) , a basket of stocks , a specific equity security , a credit exposure or basket of credit exposures . to minimize the exposure resulting from movements in the underlying index , equity , credit or other position , the company has entered into various swap contracts and purchased options that effectively convert the borrowing costs into floating rates based upon libor . the company generally carries the entire structured borrowings at fair value . the swaps and purchased options used to economically hedge the embedded features are derivatives and also are carried at fair value . changes in fair value related to the notes and economic hedges are reported in trading revenues . see note 3 for further information on structured borrowings . subordinated debt and junior subordinated debentures . included in the long-term borrowings are subordinated notes of $ 10404 million having a contractual weighted average coupon of 4.45% ( 4.45 % ) at december 31 , 2015 and $ 8339 million having a contractual weighted average coupon of 4.57% ( 4.57 % ) at december 31 , 2014 . junior subordinated debentures outstanding by the company were $ 2870 million at december 31 , 2015 having a contractual weighted average coupon of 6.22% ( 6.22 % ) at december 31 , 2015 and $ 4868 million at december 31 , 2014 having a contractual weighted average coupon of 6.37% ( 6.37 % ) at december 31 , 2014 . maturities of the subordinated and junior subordinated notes range from 2022 to 2067 , while maturities of certain junior subordinated debentures can be extended to 2052 at the company 2019s option . asset and liability management . in general , securities inventories that are not financed by secured funding sources and the majority of the company 2019s assets are financed with a combination of deposits , short-term funding , floating rate long-term debt or fixed rate long-term debt swapped to a floating rate . fixed assets are generally financed with fixed rate long-term debt . the company uses interest rate swaps to more closely match these borrowings to the duration , holding period and interest rate characteristics of the assets being funded and to manage interest rate risk . these swaps effectively convert certain of the company 2019s fixed rate borrowings into floating rate obligations . in addition , for non-u.s . dollar currency borrowings that are not used to fund assets in the same currency , the company has entered into currency swaps that effectively convert the borrowings into u.s . dollar obligations . the company 2019s use of swaps for asset and liability management affected its effective average borrowing rate . effective average borrowing rate. . <table class='wikitable'><tr><td>1</td><td>-</td><td>2015</td><td>2014</td><td>2013</td></tr><tr><td>2</td><td>weighted average coupon of long-term borrowings at period-end ( 1 )</td><td>4.0% ( 4.0 % )</td><td>4.2% ( 4.2 % )</td><td>4.4% ( 4.4 % )</td></tr><tr><td>3</td><td>effective average borrowing rate for long-term borrowings after swaps at period-end ( 1 )</td><td>2.1% ( 2.1 % )</td><td>2.3% ( 2.3 % )</td><td>2.2% ( 2.2 % )</td></tr></table> .
Question: in 2015, what was the change on the effective borrowing rate due to the use of swaps?
Answer: 1.9
Question: and what was that same change in 2014?
| 1.9 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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( v ) bankruptcy , insolvency , or other similar proceedings , ( vi ) our inability to pay debts , ( vii ) judgment defaults of $ 15 million or more , ( viii ) customary erisa and environmental defaults , ( ix ) actual or asserted invalidity of any material provision of the loan documentation or impairment of a portion of the collateral , ( x ) failure of subordinated indebtedness to be validly and sufficiently subordinated , and ( xi ) a change of control . borrowings under the credit agreement accrue interest at variable rates , which depend on the type ( u.s . dollar or canadian dollar ) and duration of the borrowing , plus an applicable margin rate . the weighted-average interest rates , including the effect of interest rate swap agreements , on borrowings outstanding against our senior secured credit facility at december 31 , 2010 and 2009 were 3.97% ( 3.97 % ) and 4.53% ( 4.53 % ) , respectively . borrowings against the senior secured credit facility totaled $ 590.1 million and $ 595.7 million at december 31 , 2010 and 2009 , respectively , of which $ 50.0 million and $ 7.5 million were classified as current maturities , respectively . we also incur commitment fees on the unused portion of our revolving credit facility ranging from 0.38% ( 0.38 % ) to 0.50% ( 0.50 % ) . as part of the consideration for business acquisitions completed during 2010 , 2009 and 2008 , we issued promissory notes totaling approximately $ 5.5 million , $ 1.2 million and $ 1.6 million , respectively . the notes bear interest at annual rates of 2.0% ( 2.0 % ) to 4.0% ( 4.0 % ) , and interest is payable at maturity or in monthly installments . note 6 . derivative instruments and hedging activities we are exposed to market risks , including the effect of changes in interest rates , foreign currency exchange rates and commodity prices . under our current policies , we use derivatives to manage our exposure to variable interest rates on our credit agreement , but we do not attempt to hedge our foreign currency and commodity price risks . we do not hold or issue derivatives for trading purposes . at december 31 , 2010 , we had interest rate swap agreements in place to hedge a portion of the variable interest rate risk on our variable rate term loans , with the objective of minimizing the impact of interest rate fluctuations and stabilizing cash flows . beginning on the effective dates of the interest rate swap agreements , on a monthly basis through the maturity date , we have paid and will pay the fixed interest rate and have received and will receive payment at a variable rate of interest based on the london interbank offered rate ( 201clibor 201d ) on the notional amount . the interest rate swap agreements qualify as cash flow hedges , and we have elected to apply hedge accounting for these swap agreements . as a result , the effective portion of changes in the fair value of the interest rate swap agreements is recorded in other comprehensive income and is reclassified to interest expense when the underlying interest payment has an impact on earnings . the ineffective portion of changes in the fair value of the interest rate swap agreements is reported in interest expense . the following table summarizes the terms of our interest rate swap agreements as of december 31 , 2010: . <table class='wikitable'><tr><td>1</td><td>notional amount</td><td>effective date</td><td>maturity date</td><td>fixed interest rate*</td></tr><tr><td>2</td><td>$ 200000000</td><td>april 14 2008</td><td>april 14 2011</td><td>4.99% ( 4.99 % )</td></tr><tr><td>3</td><td>$ 250000000</td><td>october 14 2010</td><td>october 14 2015</td><td>3.81% ( 3.81 % )</td></tr><tr><td>4</td><td>$ 100000000</td><td>april 14 2011</td><td>october 14 2013</td><td>3.34% ( 3.34 % )</td></tr></table> * includes applicable margin of 2.25% ( 2.25 % ) per annum currently in effect under the credit agreement as of december 31 , 2010 , the fair market value of the $ 200 million notional amount swap was a liability of $ 1.4 million , included in other accrued expenses on our consolidated balance sheet . the fair market value of the other swap contracts was an asset of $ 4.8 million , included in other assets on our consolidated balance sheet as of december 31 , 2010 . as of december 31 , 2009 , the fair market value of the interest rate swap contracts was a liability of $ 10.2 million and was included in other accrued expenses ( $ 5.0 million ) and other noncurrent liabilities ( $ 5.2 million ) on our consolidated balance sheet. .
Question: what is the sum, in millions, of promissory notes issued in 2009 and 2010?
| 6.7 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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( v ) bankruptcy , insolvency , or other similar proceedings , ( vi ) our inability to pay debts , ( vii ) judgment defaults of $ 15 million or more , ( viii ) customary erisa and environmental defaults , ( ix ) actual or asserted invalidity of any material provision of the loan documentation or impairment of a portion of the collateral , ( x ) failure of subordinated indebtedness to be validly and sufficiently subordinated , and ( xi ) a change of control . borrowings under the credit agreement accrue interest at variable rates , which depend on the type ( u.s . dollar or canadian dollar ) and duration of the borrowing , plus an applicable margin rate . the weighted-average interest rates , including the effect of interest rate swap agreements , on borrowings outstanding against our senior secured credit facility at december 31 , 2010 and 2009 were 3.97% ( 3.97 % ) and 4.53% ( 4.53 % ) , respectively . borrowings against the senior secured credit facility totaled $ 590.1 million and $ 595.7 million at december 31 , 2010 and 2009 , respectively , of which $ 50.0 million and $ 7.5 million were classified as current maturities , respectively . we also incur commitment fees on the unused portion of our revolving credit facility ranging from 0.38% ( 0.38 % ) to 0.50% ( 0.50 % ) . as part of the consideration for business acquisitions completed during 2010 , 2009 and 2008 , we issued promissory notes totaling approximately $ 5.5 million , $ 1.2 million and $ 1.6 million , respectively . the notes bear interest at annual rates of 2.0% ( 2.0 % ) to 4.0% ( 4.0 % ) , and interest is payable at maturity or in monthly installments . note 6 . derivative instruments and hedging activities we are exposed to market risks , including the effect of changes in interest rates , foreign currency exchange rates and commodity prices . under our current policies , we use derivatives to manage our exposure to variable interest rates on our credit agreement , but we do not attempt to hedge our foreign currency and commodity price risks . we do not hold or issue derivatives for trading purposes . at december 31 , 2010 , we had interest rate swap agreements in place to hedge a portion of the variable interest rate risk on our variable rate term loans , with the objective of minimizing the impact of interest rate fluctuations and stabilizing cash flows . beginning on the effective dates of the interest rate swap agreements , on a monthly basis through the maturity date , we have paid and will pay the fixed interest rate and have received and will receive payment at a variable rate of interest based on the london interbank offered rate ( 201clibor 201d ) on the notional amount . the interest rate swap agreements qualify as cash flow hedges , and we have elected to apply hedge accounting for these swap agreements . as a result , the effective portion of changes in the fair value of the interest rate swap agreements is recorded in other comprehensive income and is reclassified to interest expense when the underlying interest payment has an impact on earnings . the ineffective portion of changes in the fair value of the interest rate swap agreements is reported in interest expense . the following table summarizes the terms of our interest rate swap agreements as of december 31 , 2010: . <table class='wikitable'><tr><td>1</td><td>notional amount</td><td>effective date</td><td>maturity date</td><td>fixed interest rate*</td></tr><tr><td>2</td><td>$ 200000000</td><td>april 14 2008</td><td>april 14 2011</td><td>4.99% ( 4.99 % )</td></tr><tr><td>3</td><td>$ 250000000</td><td>october 14 2010</td><td>october 14 2015</td><td>3.81% ( 3.81 % )</td></tr><tr><td>4</td><td>$ 100000000</td><td>april 14 2011</td><td>october 14 2013</td><td>3.34% ( 3.34 % )</td></tr></table> * includes applicable margin of 2.25% ( 2.25 % ) per annum currently in effect under the credit agreement as of december 31 , 2010 , the fair market value of the $ 200 million notional amount swap was a liability of $ 1.4 million , included in other accrued expenses on our consolidated balance sheet . the fair market value of the other swap contracts was an asset of $ 4.8 million , included in other assets on our consolidated balance sheet as of december 31 , 2010 . as of december 31 , 2009 , the fair market value of the interest rate swap contracts was a liability of $ 10.2 million and was included in other accrued expenses ( $ 5.0 million ) and other noncurrent liabilities ( $ 5.2 million ) on our consolidated balance sheet. .
Question: what is the sum, in millions, of promissory notes issued in 2009 and 2010?
Answer: 6.7
Question: what is the total sum including 2008?
| 8.3 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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management 2019s discussion and analysis institutional client services our institutional client services segment is comprised of : fixed income , currency and commodities client execution . includes client execution activities related to making markets in interest rate products , credit products , mortgages , currencies and commodities . 2030 interest rate products . government bonds , money market instruments such as commercial paper , treasury bills , repurchase agreements and other highly liquid securities and instruments , as well as interest rate swaps , options and other derivatives . 2030 credit products . investment-grade corporate securities , high-yield securities , credit derivatives , bank and bridge loans , municipal securities , emerging market and distressed debt , and trade claims . 2030 mortgages . commercial mortgage-related securities , loans and derivatives , residential mortgage-related securities , loans and derivatives ( including u.s . government agency-issued collateralized mortgage obligations , other prime , subprime and alt-a securities and loans ) , and other asset-backed securities , loans and derivatives . 2030 currencies . most currencies , including growth-market currencies . 2030 commodities . crude oil and petroleum products , natural gas , base , precious and other metals , electricity , coal , agricultural and other commodity products . equities . includes client execution activities related to making markets in equity products and commissions and fees from executing and clearing institutional client transactions on major stock , options and futures exchanges worldwide , as well as otc transactions . equities also includes our securities services business , which provides financing , securities lending and other prime brokerage services to institutional clients , including hedge funds , mutual funds , pension funds and foundations , and generates revenues primarily in the form of interest rate spreads or fees . the table below presents the operating results of our institutional client services segment. . <table class='wikitable'><tr><td>1</td><td>$ in millions</td><td>year ended december 2014</td><td>year ended december 2013</td><td>year ended december 2012</td></tr><tr><td>2</td><td>fixed income currency and commodities client execution</td><td>$ 8461</td><td>$ 8651</td><td>$ 9914</td></tr><tr><td>3</td><td>equities client execution1</td><td>2079</td><td>2594</td><td>3171</td></tr><tr><td>4</td><td>commissions and fees</td><td>3153</td><td>3103</td><td>3053</td></tr><tr><td>5</td><td>securities services</td><td>1504</td><td>1373</td><td>1986</td></tr><tr><td>6</td><td>total equities</td><td>6736</td><td>7070</td><td>8210</td></tr><tr><td>7</td><td>total net revenues</td><td>15197</td><td>15721</td><td>18124</td></tr><tr><td>8</td><td>operating expenses</td><td>10880</td><td>11792</td><td>12490</td></tr><tr><td>9</td><td>pre-tax earnings</td><td>$ 4317</td><td>$ 3929</td><td>$ 5634</td></tr></table> 1 . net revenues related to the americas reinsurance business were $ 317 million for 2013 and $ 1.08 billion for 2012 . in april 2013 , we completed the sale of a majority stake in our americas reinsurance business and no longer consolidate this business . 42 goldman sachs 2014 annual report .
Question: what was the pre-tax earnings at the end of 2014?
| 4317.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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management 2019s discussion and analysis institutional client services our institutional client services segment is comprised of : fixed income , currency and commodities client execution . includes client execution activities related to making markets in interest rate products , credit products , mortgages , currencies and commodities . 2030 interest rate products . government bonds , money market instruments such as commercial paper , treasury bills , repurchase agreements and other highly liquid securities and instruments , as well as interest rate swaps , options and other derivatives . 2030 credit products . investment-grade corporate securities , high-yield securities , credit derivatives , bank and bridge loans , municipal securities , emerging market and distressed debt , and trade claims . 2030 mortgages . commercial mortgage-related securities , loans and derivatives , residential mortgage-related securities , loans and derivatives ( including u.s . government agency-issued collateralized mortgage obligations , other prime , subprime and alt-a securities and loans ) , and other asset-backed securities , loans and derivatives . 2030 currencies . most currencies , including growth-market currencies . 2030 commodities . crude oil and petroleum products , natural gas , base , precious and other metals , electricity , coal , agricultural and other commodity products . equities . includes client execution activities related to making markets in equity products and commissions and fees from executing and clearing institutional client transactions on major stock , options and futures exchanges worldwide , as well as otc transactions . equities also includes our securities services business , which provides financing , securities lending and other prime brokerage services to institutional clients , including hedge funds , mutual funds , pension funds and foundations , and generates revenues primarily in the form of interest rate spreads or fees . the table below presents the operating results of our institutional client services segment. . <table class='wikitable'><tr><td>1</td><td>$ in millions</td><td>year ended december 2014</td><td>year ended december 2013</td><td>year ended december 2012</td></tr><tr><td>2</td><td>fixed income currency and commodities client execution</td><td>$ 8461</td><td>$ 8651</td><td>$ 9914</td></tr><tr><td>3</td><td>equities client execution1</td><td>2079</td><td>2594</td><td>3171</td></tr><tr><td>4</td><td>commissions and fees</td><td>3153</td><td>3103</td><td>3053</td></tr><tr><td>5</td><td>securities services</td><td>1504</td><td>1373</td><td>1986</td></tr><tr><td>6</td><td>total equities</td><td>6736</td><td>7070</td><td>8210</td></tr><tr><td>7</td><td>total net revenues</td><td>15197</td><td>15721</td><td>18124</td></tr><tr><td>8</td><td>operating expenses</td><td>10880</td><td>11792</td><td>12490</td></tr><tr><td>9</td><td>pre-tax earnings</td><td>$ 4317</td><td>$ 3929</td><td>$ 5634</td></tr></table> 1 . net revenues related to the americas reinsurance business were $ 317 million for 2013 and $ 1.08 billion for 2012 . in april 2013 , we completed the sale of a majority stake in our americas reinsurance business and no longer consolidate this business . 42 goldman sachs 2014 annual report .
Question: what was the pre-tax earnings at the end of 2014?
Answer: 4317.0
Question: what was the pre-tax earnings at the end of 2013?
| 3929.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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management 2019s discussion and analysis institutional client services our institutional client services segment is comprised of : fixed income , currency and commodities client execution . includes client execution activities related to making markets in interest rate products , credit products , mortgages , currencies and commodities . 2030 interest rate products . government bonds , money market instruments such as commercial paper , treasury bills , repurchase agreements and other highly liquid securities and instruments , as well as interest rate swaps , options and other derivatives . 2030 credit products . investment-grade corporate securities , high-yield securities , credit derivatives , bank and bridge loans , municipal securities , emerging market and distressed debt , and trade claims . 2030 mortgages . commercial mortgage-related securities , loans and derivatives , residential mortgage-related securities , loans and derivatives ( including u.s . government agency-issued collateralized mortgage obligations , other prime , subprime and alt-a securities and loans ) , and other asset-backed securities , loans and derivatives . 2030 currencies . most currencies , including growth-market currencies . 2030 commodities . crude oil and petroleum products , natural gas , base , precious and other metals , electricity , coal , agricultural and other commodity products . equities . includes client execution activities related to making markets in equity products and commissions and fees from executing and clearing institutional client transactions on major stock , options and futures exchanges worldwide , as well as otc transactions . equities also includes our securities services business , which provides financing , securities lending and other prime brokerage services to institutional clients , including hedge funds , mutual funds , pension funds and foundations , and generates revenues primarily in the form of interest rate spreads or fees . the table below presents the operating results of our institutional client services segment. . <table class='wikitable'><tr><td>1</td><td>$ in millions</td><td>year ended december 2014</td><td>year ended december 2013</td><td>year ended december 2012</td></tr><tr><td>2</td><td>fixed income currency and commodities client execution</td><td>$ 8461</td><td>$ 8651</td><td>$ 9914</td></tr><tr><td>3</td><td>equities client execution1</td><td>2079</td><td>2594</td><td>3171</td></tr><tr><td>4</td><td>commissions and fees</td><td>3153</td><td>3103</td><td>3053</td></tr><tr><td>5</td><td>securities services</td><td>1504</td><td>1373</td><td>1986</td></tr><tr><td>6</td><td>total equities</td><td>6736</td><td>7070</td><td>8210</td></tr><tr><td>7</td><td>total net revenues</td><td>15197</td><td>15721</td><td>18124</td></tr><tr><td>8</td><td>operating expenses</td><td>10880</td><td>11792</td><td>12490</td></tr><tr><td>9</td><td>pre-tax earnings</td><td>$ 4317</td><td>$ 3929</td><td>$ 5634</td></tr></table> 1 . net revenues related to the americas reinsurance business were $ 317 million for 2013 and $ 1.08 billion for 2012 . in april 2013 , we completed the sale of a majority stake in our americas reinsurance business and no longer consolidate this business . 42 goldman sachs 2014 annual report .
Question: what was the pre-tax earnings at the end of 2014?
Answer: 4317.0
Question: what was the pre-tax earnings at the end of 2013?
Answer: 3929.0
Question: what is the net difference?
| 388.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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management 2019s discussion and analysis institutional client services our institutional client services segment is comprised of : fixed income , currency and commodities client execution . includes client execution activities related to making markets in interest rate products , credit products , mortgages , currencies and commodities . 2030 interest rate products . government bonds , money market instruments such as commercial paper , treasury bills , repurchase agreements and other highly liquid securities and instruments , as well as interest rate swaps , options and other derivatives . 2030 credit products . investment-grade corporate securities , high-yield securities , credit derivatives , bank and bridge loans , municipal securities , emerging market and distressed debt , and trade claims . 2030 mortgages . commercial mortgage-related securities , loans and derivatives , residential mortgage-related securities , loans and derivatives ( including u.s . government agency-issued collateralized mortgage obligations , other prime , subprime and alt-a securities and loans ) , and other asset-backed securities , loans and derivatives . 2030 currencies . most currencies , including growth-market currencies . 2030 commodities . crude oil and petroleum products , natural gas , base , precious and other metals , electricity , coal , agricultural and other commodity products . equities . includes client execution activities related to making markets in equity products and commissions and fees from executing and clearing institutional client transactions on major stock , options and futures exchanges worldwide , as well as otc transactions . equities also includes our securities services business , which provides financing , securities lending and other prime brokerage services to institutional clients , including hedge funds , mutual funds , pension funds and foundations , and generates revenues primarily in the form of interest rate spreads or fees . the table below presents the operating results of our institutional client services segment. . <table class='wikitable'><tr><td>1</td><td>$ in millions</td><td>year ended december 2014</td><td>year ended december 2013</td><td>year ended december 2012</td></tr><tr><td>2</td><td>fixed income currency and commodities client execution</td><td>$ 8461</td><td>$ 8651</td><td>$ 9914</td></tr><tr><td>3</td><td>equities client execution1</td><td>2079</td><td>2594</td><td>3171</td></tr><tr><td>4</td><td>commissions and fees</td><td>3153</td><td>3103</td><td>3053</td></tr><tr><td>5</td><td>securities services</td><td>1504</td><td>1373</td><td>1986</td></tr><tr><td>6</td><td>total equities</td><td>6736</td><td>7070</td><td>8210</td></tr><tr><td>7</td><td>total net revenues</td><td>15197</td><td>15721</td><td>18124</td></tr><tr><td>8</td><td>operating expenses</td><td>10880</td><td>11792</td><td>12490</td></tr><tr><td>9</td><td>pre-tax earnings</td><td>$ 4317</td><td>$ 3929</td><td>$ 5634</td></tr></table> 1 . net revenues related to the americas reinsurance business were $ 317 million for 2013 and $ 1.08 billion for 2012 . in april 2013 , we completed the sale of a majority stake in our americas reinsurance business and no longer consolidate this business . 42 goldman sachs 2014 annual report .
Question: what was the pre-tax earnings at the end of 2014?
Answer: 4317.0
Question: what was the pre-tax earnings at the end of 2013?
Answer: 3929.0
Question: what is the net difference?
Answer: 388.0
Question: what was the pre-tax earnings at the end of 2013?
| 3929.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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management 2019s discussion and analysis institutional client services our institutional client services segment is comprised of : fixed income , currency and commodities client execution . includes client execution activities related to making markets in interest rate products , credit products , mortgages , currencies and commodities . 2030 interest rate products . government bonds , money market instruments such as commercial paper , treasury bills , repurchase agreements and other highly liquid securities and instruments , as well as interest rate swaps , options and other derivatives . 2030 credit products . investment-grade corporate securities , high-yield securities , credit derivatives , bank and bridge loans , municipal securities , emerging market and distressed debt , and trade claims . 2030 mortgages . commercial mortgage-related securities , loans and derivatives , residential mortgage-related securities , loans and derivatives ( including u.s . government agency-issued collateralized mortgage obligations , other prime , subprime and alt-a securities and loans ) , and other asset-backed securities , loans and derivatives . 2030 currencies . most currencies , including growth-market currencies . 2030 commodities . crude oil and petroleum products , natural gas , base , precious and other metals , electricity , coal , agricultural and other commodity products . equities . includes client execution activities related to making markets in equity products and commissions and fees from executing and clearing institutional client transactions on major stock , options and futures exchanges worldwide , as well as otc transactions . equities also includes our securities services business , which provides financing , securities lending and other prime brokerage services to institutional clients , including hedge funds , mutual funds , pension funds and foundations , and generates revenues primarily in the form of interest rate spreads or fees . the table below presents the operating results of our institutional client services segment. . <table class='wikitable'><tr><td>1</td><td>$ in millions</td><td>year ended december 2014</td><td>year ended december 2013</td><td>year ended december 2012</td></tr><tr><td>2</td><td>fixed income currency and commodities client execution</td><td>$ 8461</td><td>$ 8651</td><td>$ 9914</td></tr><tr><td>3</td><td>equities client execution1</td><td>2079</td><td>2594</td><td>3171</td></tr><tr><td>4</td><td>commissions and fees</td><td>3153</td><td>3103</td><td>3053</td></tr><tr><td>5</td><td>securities services</td><td>1504</td><td>1373</td><td>1986</td></tr><tr><td>6</td><td>total equities</td><td>6736</td><td>7070</td><td>8210</td></tr><tr><td>7</td><td>total net revenues</td><td>15197</td><td>15721</td><td>18124</td></tr><tr><td>8</td><td>operating expenses</td><td>10880</td><td>11792</td><td>12490</td></tr><tr><td>9</td><td>pre-tax earnings</td><td>$ 4317</td><td>$ 3929</td><td>$ 5634</td></tr></table> 1 . net revenues related to the americas reinsurance business were $ 317 million for 2013 and $ 1.08 billion for 2012 . in april 2013 , we completed the sale of a majority stake in our americas reinsurance business and no longer consolidate this business . 42 goldman sachs 2014 annual report .
Question: what was the pre-tax earnings at the end of 2014?
Answer: 4317.0
Question: what was the pre-tax earnings at the end of 2013?
Answer: 3929.0
Question: what is the net difference?
Answer: 388.0
Question: what was the pre-tax earnings at the end of 2013?
Answer: 3929.0
Question: what was the percent change year over year?
| 0.09875 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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. <table class='wikitable'><tr><td>1</td><td>-</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>weighted average fair value of options granted</td><td>$ 18.47</td><td>$ 33.81</td><td>$ 20.01</td></tr><tr><td>3</td><td>expected volatility</td><td>0.3845</td><td>0.3677</td><td>0.3534</td></tr><tr><td>4</td><td>dividend yield</td><td>3.75% ( 3.75 % )</td><td>0.76% ( 0.76 % )</td><td>1.00% ( 1.00 % )</td></tr><tr><td>5</td><td>expected life of options in years</td><td>6.0</td><td>6.0</td><td>6.3</td></tr><tr><td>6</td><td>risk-free interest rate</td><td>2% ( 2 % )</td><td>4% ( 4 % )</td><td>5% ( 5 % )</td></tr></table> the black-scholes option valuation model was developed for use in estimating the fair value of traded options which have no vesting restrictions and are fully transferable . in addition , option valuation models require the input of highly subjective assumptions , including the expected stock price volatility . because the company 2019s employee stock options have characteristics significantly different from those of traded options , and because changes in the subjective input assumptions can materially affect the fair value estimate , in management 2019s opinion , the existing models do not necessarily provide a reliable single measure of the fair value of its employee stock options . the fair value of the rsus was determined based on the market value at the date of grant . the total fair value of awards vested during 2008 , 2007 , and 2006 was $ 35384 , $ 17840 , and $ 9413 , respectively . the total stock based compensation expense calculated using the black-scholes option valuation model in 2008 , 2007 , and 2006 was $ 38872 , $ 22164 , and $ 11913 , respectively.the aggregate intrinsic values of options outstanding and exercisable at december 27 , 2008 were $ 8.2 million and $ 8.2 million , respectively . the aggregate intrinsic value of options exercised during the year ended december 27 , 2008 was $ 0.6 million . aggregate intrinsic value represents the positive difference between the company 2019s closing stock price on the last trading day of the fiscal period , which was $ 19.39 on december 27 , 2008 , and the exercise price multiplied by the number of options exercised . as of december 27 , 2008 , there was $ 141.7 million of total unrecognized compensation cost related to unvested share-based compensation awards granted to employees under the stock compensation plans . that cost is expected to be recognized over a period of five years . employee stock purchase plan the shareholders also adopted an employee stock purchase plan ( espp ) . up to 2000000 shares of common stock have been reserved for the espp . shares will be offered to employees at a price equal to the lesser of 85% ( 85 % ) of the fair market value of the stock on the date of purchase or 85% ( 85 % ) of the fair market value on the enrollment date . the espp is intended to qualify as an 201cemployee stock purchase plan 201d under section 423 of the internal revenue code . during 2008 , 2007 , and 2006 , 362902 , 120230 , and 124693 shares , respectively were purchased under the plan for a total purchase price of $ 8782 , $ 5730 , and $ 3569 , respectively . at december 27 , 2008 , approximately 663679 shares were available for future issuance . 10 . earnings per share the following table sets forth the computation of basic and diluted net income per share: .
Question: what was the dividend yield in 2008?
| 0.0375 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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. <table class='wikitable'><tr><td>1</td><td>-</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>weighted average fair value of options granted</td><td>$ 18.47</td><td>$ 33.81</td><td>$ 20.01</td></tr><tr><td>3</td><td>expected volatility</td><td>0.3845</td><td>0.3677</td><td>0.3534</td></tr><tr><td>4</td><td>dividend yield</td><td>3.75% ( 3.75 % )</td><td>0.76% ( 0.76 % )</td><td>1.00% ( 1.00 % )</td></tr><tr><td>5</td><td>expected life of options in years</td><td>6.0</td><td>6.0</td><td>6.3</td></tr><tr><td>6</td><td>risk-free interest rate</td><td>2% ( 2 % )</td><td>4% ( 4 % )</td><td>5% ( 5 % )</td></tr></table> the black-scholes option valuation model was developed for use in estimating the fair value of traded options which have no vesting restrictions and are fully transferable . in addition , option valuation models require the input of highly subjective assumptions , including the expected stock price volatility . because the company 2019s employee stock options have characteristics significantly different from those of traded options , and because changes in the subjective input assumptions can materially affect the fair value estimate , in management 2019s opinion , the existing models do not necessarily provide a reliable single measure of the fair value of its employee stock options . the fair value of the rsus was determined based on the market value at the date of grant . the total fair value of awards vested during 2008 , 2007 , and 2006 was $ 35384 , $ 17840 , and $ 9413 , respectively . the total stock based compensation expense calculated using the black-scholes option valuation model in 2008 , 2007 , and 2006 was $ 38872 , $ 22164 , and $ 11913 , respectively.the aggregate intrinsic values of options outstanding and exercisable at december 27 , 2008 were $ 8.2 million and $ 8.2 million , respectively . the aggregate intrinsic value of options exercised during the year ended december 27 , 2008 was $ 0.6 million . aggregate intrinsic value represents the positive difference between the company 2019s closing stock price on the last trading day of the fiscal period , which was $ 19.39 on december 27 , 2008 , and the exercise price multiplied by the number of options exercised . as of december 27 , 2008 , there was $ 141.7 million of total unrecognized compensation cost related to unvested share-based compensation awards granted to employees under the stock compensation plans . that cost is expected to be recognized over a period of five years . employee stock purchase plan the shareholders also adopted an employee stock purchase plan ( espp ) . up to 2000000 shares of common stock have been reserved for the espp . shares will be offered to employees at a price equal to the lesser of 85% ( 85 % ) of the fair market value of the stock on the date of purchase or 85% ( 85 % ) of the fair market value on the enrollment date . the espp is intended to qualify as an 201cemployee stock purchase plan 201d under section 423 of the internal revenue code . during 2008 , 2007 , and 2006 , 362902 , 120230 , and 124693 shares , respectively were purchased under the plan for a total purchase price of $ 8782 , $ 5730 , and $ 3569 , respectively . at december 27 , 2008 , approximately 663679 shares were available for future issuance . 10 . earnings per share the following table sets forth the computation of basic and diluted net income per share: .
Question: what was the dividend yield in 2008?
Answer: 0.0375
Question: and what would be the result of that yield as a percentage of 1 plus the number 1?
| 1.0375 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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. <table class='wikitable'><tr><td>1</td><td>-</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>weighted average fair value of options granted</td><td>$ 18.47</td><td>$ 33.81</td><td>$ 20.01</td></tr><tr><td>3</td><td>expected volatility</td><td>0.3845</td><td>0.3677</td><td>0.3534</td></tr><tr><td>4</td><td>dividend yield</td><td>3.75% ( 3.75 % )</td><td>0.76% ( 0.76 % )</td><td>1.00% ( 1.00 % )</td></tr><tr><td>5</td><td>expected life of options in years</td><td>6.0</td><td>6.0</td><td>6.3</td></tr><tr><td>6</td><td>risk-free interest rate</td><td>2% ( 2 % )</td><td>4% ( 4 % )</td><td>5% ( 5 % )</td></tr></table> the black-scholes option valuation model was developed for use in estimating the fair value of traded options which have no vesting restrictions and are fully transferable . in addition , option valuation models require the input of highly subjective assumptions , including the expected stock price volatility . because the company 2019s employee stock options have characteristics significantly different from those of traded options , and because changes in the subjective input assumptions can materially affect the fair value estimate , in management 2019s opinion , the existing models do not necessarily provide a reliable single measure of the fair value of its employee stock options . the fair value of the rsus was determined based on the market value at the date of grant . the total fair value of awards vested during 2008 , 2007 , and 2006 was $ 35384 , $ 17840 , and $ 9413 , respectively . the total stock based compensation expense calculated using the black-scholes option valuation model in 2008 , 2007 , and 2006 was $ 38872 , $ 22164 , and $ 11913 , respectively.the aggregate intrinsic values of options outstanding and exercisable at december 27 , 2008 were $ 8.2 million and $ 8.2 million , respectively . the aggregate intrinsic value of options exercised during the year ended december 27 , 2008 was $ 0.6 million . aggregate intrinsic value represents the positive difference between the company 2019s closing stock price on the last trading day of the fiscal period , which was $ 19.39 on december 27 , 2008 , and the exercise price multiplied by the number of options exercised . as of december 27 , 2008 , there was $ 141.7 million of total unrecognized compensation cost related to unvested share-based compensation awards granted to employees under the stock compensation plans . that cost is expected to be recognized over a period of five years . employee stock purchase plan the shareholders also adopted an employee stock purchase plan ( espp ) . up to 2000000 shares of common stock have been reserved for the espp . shares will be offered to employees at a price equal to the lesser of 85% ( 85 % ) of the fair market value of the stock on the date of purchase or 85% ( 85 % ) of the fair market value on the enrollment date . the espp is intended to qualify as an 201cemployee stock purchase plan 201d under section 423 of the internal revenue code . during 2008 , 2007 , and 2006 , 362902 , 120230 , and 124693 shares , respectively were purchased under the plan for a total purchase price of $ 8782 , $ 5730 , and $ 3569 , respectively . at december 27 , 2008 , approximately 663679 shares were available for future issuance . 10 . earnings per share the following table sets forth the computation of basic and diluted net income per share: .
Question: what was the dividend yield in 2008?
Answer: 0.0375
Question: and what would be the result of that yield as a percentage of 1 plus the number 1?
Answer: 1.0375
Question: considering this value as cumulative for each year, what is going to be the total impact of that yield in the fair value of options when the expected life ends?
| 1.24718 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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. <table class='wikitable'><tr><td>1</td><td>-</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>weighted average fair value of options granted</td><td>$ 18.47</td><td>$ 33.81</td><td>$ 20.01</td></tr><tr><td>3</td><td>expected volatility</td><td>0.3845</td><td>0.3677</td><td>0.3534</td></tr><tr><td>4</td><td>dividend yield</td><td>3.75% ( 3.75 % )</td><td>0.76% ( 0.76 % )</td><td>1.00% ( 1.00 % )</td></tr><tr><td>5</td><td>expected life of options in years</td><td>6.0</td><td>6.0</td><td>6.3</td></tr><tr><td>6</td><td>risk-free interest rate</td><td>2% ( 2 % )</td><td>4% ( 4 % )</td><td>5% ( 5 % )</td></tr></table> the black-scholes option valuation model was developed for use in estimating the fair value of traded options which have no vesting restrictions and are fully transferable . in addition , option valuation models require the input of highly subjective assumptions , including the expected stock price volatility . because the company 2019s employee stock options have characteristics significantly different from those of traded options , and because changes in the subjective input assumptions can materially affect the fair value estimate , in management 2019s opinion , the existing models do not necessarily provide a reliable single measure of the fair value of its employee stock options . the fair value of the rsus was determined based on the market value at the date of grant . the total fair value of awards vested during 2008 , 2007 , and 2006 was $ 35384 , $ 17840 , and $ 9413 , respectively . the total stock based compensation expense calculated using the black-scholes option valuation model in 2008 , 2007 , and 2006 was $ 38872 , $ 22164 , and $ 11913 , respectively.the aggregate intrinsic values of options outstanding and exercisable at december 27 , 2008 were $ 8.2 million and $ 8.2 million , respectively . the aggregate intrinsic value of options exercised during the year ended december 27 , 2008 was $ 0.6 million . aggregate intrinsic value represents the positive difference between the company 2019s closing stock price on the last trading day of the fiscal period , which was $ 19.39 on december 27 , 2008 , and the exercise price multiplied by the number of options exercised . as of december 27 , 2008 , there was $ 141.7 million of total unrecognized compensation cost related to unvested share-based compensation awards granted to employees under the stock compensation plans . that cost is expected to be recognized over a period of five years . employee stock purchase plan the shareholders also adopted an employee stock purchase plan ( espp ) . up to 2000000 shares of common stock have been reserved for the espp . shares will be offered to employees at a price equal to the lesser of 85% ( 85 % ) of the fair market value of the stock on the date of purchase or 85% ( 85 % ) of the fair market value on the enrollment date . the espp is intended to qualify as an 201cemployee stock purchase plan 201d under section 423 of the internal revenue code . during 2008 , 2007 , and 2006 , 362902 , 120230 , and 124693 shares , respectively were purchased under the plan for a total purchase price of $ 8782 , $ 5730 , and $ 3569 , respectively . at december 27 , 2008 , approximately 663679 shares were available for future issuance . 10 . earnings per share the following table sets forth the computation of basic and diluted net income per share: .
Question: what was the dividend yield in 2008?
Answer: 0.0375
Question: and what would be the result of that yield as a percentage of 1 plus the number 1?
Answer: 1.0375
Question: considering this value as cumulative for each year, what is going to be the total impact of that yield in the fair value of options when the expected life ends?
Answer: 1.24718
Question: what is, then, going to be the the estimated future value of these options, when the expected life ends?
| 23.03539 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) the following table illustrates the effect on net loss and net loss per share if the company had applied the fair value recognition provisions of sfas no . 123 to stock-based compensation . the estimated fair value of each option is calculated using the black-scholes option-pricing model ( in thousands , except per share amounts ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2002</td><td>2001</td><td>2000</td></tr><tr><td>2</td><td>net loss as reported</td><td>$ -1141879 ( 1141879 )</td><td>$ -450094 ( 450094 )</td><td>$ -194628 ( 194628 )</td></tr><tr><td>3</td><td>less : total stock-based employee compensation expense determined under fair value basedmethod for all awards net of related tax effect</td><td>-38126 ( 38126 )</td><td>-50540 ( 50540 )</td><td>-51186 ( 51186 )</td></tr><tr><td>4</td><td>pro-forma net loss</td><td>$ -1180005 ( 1180005 )</td><td>$ -500634 ( 500634 )</td><td>$ -245814 ( 245814 )</td></tr><tr><td>5</td><td>basic and diluted net loss per share 2014as reported</td><td>$ -5.84 ( 5.84 )</td><td>$ -2.35 ( 2.35 )</td><td>$ -1.15 ( 1.15 )</td></tr><tr><td>6</td><td>basic and diluted net loss per share 2014pro-forma</td><td>$ -6.04 ( 6.04 )</td><td>$ -2.61 ( 2.61 )</td><td>$ -1.46 ( 1.46 )</td></tr></table> fair value of financial instruments 2014as of december 31 , 2002 , the carrying amounts of the company 2019s 5.0% ( 5.0 % ) convertible notes , the 2.25% ( 2.25 % ) convertible notes , the 6.25% ( 6.25 % ) convertible notes and the senior notes were approximately $ 450.0 million , $ 210.9 million , $ 212.7 million and $ 1.0 billion , respectively , and the fair values of such notes were $ 291.4 million , $ 187.2 million , $ 144.4 million and $ 780.0 million , respectively . as of december 31 , 2001 , the carrying amount of the company 2019s 5.0% ( 5.0 % ) convertible notes , the 2.25% ( 2.25 % ) convertible notes , the 6.25% ( 6.25 % ) convertible notes and the senior notes were approximately $ 450.0 million , $ 204.1 million , $ 212.8 million and $ 1.0 billion , respectively , and the fair values of such notes were $ 268.3 million , $ 173.1 million , $ 158.2 million and $ 805.0 million , respectively . fair values were determined based on quoted market prices . the carrying values of all other financial instruments reasonably approximate the related fair values as of december 31 , 2002 and 2001 . retirement plan 2014the company has a 401 ( k ) plan covering substantially all employees who meet certain age and employment requirements . under the plan , the company matches 35% ( 35 % ) of participants 2019 contributions up to a maximum 5% ( 5 % ) of a participant 2019s compensation . the company contributed approximately $ 979000 , $ 1540000 and $ 1593000 to the plan for the years ended december 31 , 2002 , 2001 and 2000 , respectively . recent accounting pronouncements 2014in june 2001 , the fasb issued sfas no . 143 , 201caccounting for asset retirement obligations . 201d this statement establishes accounting standards for the recognition and measurement of liabilities associated with the retirement of tangible long-lived assets and the related asset retirement costs . the requirements of sfas no . 143 are effective for the company as of january 1 , 2003 . the company will adopt this statement in the first quarter of 2003 and does not expect the impact of adopting this statement to have a material impact on its consolidated financial position or results of operations . in august 2001 , the fasb issued sfas no . 144 , 201caccounting for the impairment or disposal of long-lived assets . 201d sfas no . 144 supersedes sfas no . 121 , 201caccounting for the impairment of long-lived assets and for long-lived assets to be disposed of , 201d but retains many of its fundamental provisions . sfas no . 144 also clarifies certain measurement and classification issues from sfas no . 121 . in addition , sfas no . 144 supersedes the accounting and reporting provisions for the disposal of a business segment as found in apb no . 30 , 201creporting the results of operations 2014reporting the effects of disposal of a segment of a business and extraordinary , unusual and infrequently occurring events and transactions 201d . however , sfas no . 144 retains the requirement in apb no . 30 to separately report discontinued operations , and broadens the scope of such requirement to include more types of disposal transactions . the scope of sfas no . 144 excludes goodwill and other intangible assets that are not to be amortized , as the accounting for such items is prescribed by sfas no . 142 . the company implemented sfas no . 144 on january 1 , 2002 . accordingly , all relevant impairment assessments and decisions concerning discontinued operations have been made under this standard in 2002. .
Question: what was the change in 401 ( k ) contributions from 2000 to 2001?
| -53000.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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american tower corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) the following table illustrates the effect on net loss and net loss per share if the company had applied the fair value recognition provisions of sfas no . 123 to stock-based compensation . the estimated fair value of each option is calculated using the black-scholes option-pricing model ( in thousands , except per share amounts ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2002</td><td>2001</td><td>2000</td></tr><tr><td>2</td><td>net loss as reported</td><td>$ -1141879 ( 1141879 )</td><td>$ -450094 ( 450094 )</td><td>$ -194628 ( 194628 )</td></tr><tr><td>3</td><td>less : total stock-based employee compensation expense determined under fair value basedmethod for all awards net of related tax effect</td><td>-38126 ( 38126 )</td><td>-50540 ( 50540 )</td><td>-51186 ( 51186 )</td></tr><tr><td>4</td><td>pro-forma net loss</td><td>$ -1180005 ( 1180005 )</td><td>$ -500634 ( 500634 )</td><td>$ -245814 ( 245814 )</td></tr><tr><td>5</td><td>basic and diluted net loss per share 2014as reported</td><td>$ -5.84 ( 5.84 )</td><td>$ -2.35 ( 2.35 )</td><td>$ -1.15 ( 1.15 )</td></tr><tr><td>6</td><td>basic and diluted net loss per share 2014pro-forma</td><td>$ -6.04 ( 6.04 )</td><td>$ -2.61 ( 2.61 )</td><td>$ -1.46 ( 1.46 )</td></tr></table> fair value of financial instruments 2014as of december 31 , 2002 , the carrying amounts of the company 2019s 5.0% ( 5.0 % ) convertible notes , the 2.25% ( 2.25 % ) convertible notes , the 6.25% ( 6.25 % ) convertible notes and the senior notes were approximately $ 450.0 million , $ 210.9 million , $ 212.7 million and $ 1.0 billion , respectively , and the fair values of such notes were $ 291.4 million , $ 187.2 million , $ 144.4 million and $ 780.0 million , respectively . as of december 31 , 2001 , the carrying amount of the company 2019s 5.0% ( 5.0 % ) convertible notes , the 2.25% ( 2.25 % ) convertible notes , the 6.25% ( 6.25 % ) convertible notes and the senior notes were approximately $ 450.0 million , $ 204.1 million , $ 212.8 million and $ 1.0 billion , respectively , and the fair values of such notes were $ 268.3 million , $ 173.1 million , $ 158.2 million and $ 805.0 million , respectively . fair values were determined based on quoted market prices . the carrying values of all other financial instruments reasonably approximate the related fair values as of december 31 , 2002 and 2001 . retirement plan 2014the company has a 401 ( k ) plan covering substantially all employees who meet certain age and employment requirements . under the plan , the company matches 35% ( 35 % ) of participants 2019 contributions up to a maximum 5% ( 5 % ) of a participant 2019s compensation . the company contributed approximately $ 979000 , $ 1540000 and $ 1593000 to the plan for the years ended december 31 , 2002 , 2001 and 2000 , respectively . recent accounting pronouncements 2014in june 2001 , the fasb issued sfas no . 143 , 201caccounting for asset retirement obligations . 201d this statement establishes accounting standards for the recognition and measurement of liabilities associated with the retirement of tangible long-lived assets and the related asset retirement costs . the requirements of sfas no . 143 are effective for the company as of january 1 , 2003 . the company will adopt this statement in the first quarter of 2003 and does not expect the impact of adopting this statement to have a material impact on its consolidated financial position or results of operations . in august 2001 , the fasb issued sfas no . 144 , 201caccounting for the impairment or disposal of long-lived assets . 201d sfas no . 144 supersedes sfas no . 121 , 201caccounting for the impairment of long-lived assets and for long-lived assets to be disposed of , 201d but retains many of its fundamental provisions . sfas no . 144 also clarifies certain measurement and classification issues from sfas no . 121 . in addition , sfas no . 144 supersedes the accounting and reporting provisions for the disposal of a business segment as found in apb no . 30 , 201creporting the results of operations 2014reporting the effects of disposal of a segment of a business and extraordinary , unusual and infrequently occurring events and transactions 201d . however , sfas no . 144 retains the requirement in apb no . 30 to separately report discontinued operations , and broadens the scope of such requirement to include more types of disposal transactions . the scope of sfas no . 144 excludes goodwill and other intangible assets that are not to be amortized , as the accounting for such items is prescribed by sfas no . 142 . the company implemented sfas no . 144 on january 1 , 2002 . accordingly , all relevant impairment assessments and decisions concerning discontinued operations have been made under this standard in 2002. .
Question: what was the change in 401 ( k ) contributions from 2000 to 2001?
Answer: -53000.0
Question: and how much does this change represent in relation to the 401 ( k ) contributions in 2000, in percentage?
| -0.03327 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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stock performance graph : the graph below shows the cumulative total shareholder return assuming the investment of $ 100 , on december 31 , 2013 , and the reinvestment of dividends thereafter , if any , in the company 2019s common stock versus the standard and poor 2019s s&p 500 retail index ( 201cs&p 500 retail index 201d ) and the standard and poor 2019s s&p 500 index ( 201cs&p 500 201d ) . . <table class='wikitable'><tr><td>1</td><td>company/index</td><td>december 31 , 2013</td><td>december 31 , 2014</td><td>december 31 , 2015</td><td>december 31 , 2016</td><td>december 31 , 2017</td><td>december 31 , 2018</td></tr><tr><td>2</td><td>o 2019reilly automotive inc .</td><td>$ 100</td><td>$ 150</td><td>$ 197</td><td>$ 216</td><td>$ 187</td><td>$ 268</td></tr><tr><td>3</td><td>s&p 500 retail index</td><td>100</td><td>110</td><td>137</td><td>143</td><td>184</td><td>208</td></tr><tr><td>4</td><td>s&p 500</td><td>$ 100</td><td>$ 111</td><td>$ 111</td><td>$ 121</td><td>$ 145</td><td>$ 136</td></tr></table> .
Question: what was the value of s&p500 in 2017?
| 145.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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stock performance graph : the graph below shows the cumulative total shareholder return assuming the investment of $ 100 , on december 31 , 2013 , and the reinvestment of dividends thereafter , if any , in the company 2019s common stock versus the standard and poor 2019s s&p 500 retail index ( 201cs&p 500 retail index 201d ) and the standard and poor 2019s s&p 500 index ( 201cs&p 500 201d ) . . <table class='wikitable'><tr><td>1</td><td>company/index</td><td>december 31 , 2013</td><td>december 31 , 2014</td><td>december 31 , 2015</td><td>december 31 , 2016</td><td>december 31 , 2017</td><td>december 31 , 2018</td></tr><tr><td>2</td><td>o 2019reilly automotive inc .</td><td>$ 100</td><td>$ 150</td><td>$ 197</td><td>$ 216</td><td>$ 187</td><td>$ 268</td></tr><tr><td>3</td><td>s&p 500 retail index</td><td>100</td><td>110</td><td>137</td><td>143</td><td>184</td><td>208</td></tr><tr><td>4</td><td>s&p 500</td><td>$ 100</td><td>$ 111</td><td>$ 111</td><td>$ 121</td><td>$ 145</td><td>$ 136</td></tr></table> .
Question: what was the value of s&p500 in 2017?
Answer: 145.0
Question: and what was it in 2013?
| 100.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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stock performance graph : the graph below shows the cumulative total shareholder return assuming the investment of $ 100 , on december 31 , 2013 , and the reinvestment of dividends thereafter , if any , in the company 2019s common stock versus the standard and poor 2019s s&p 500 retail index ( 201cs&p 500 retail index 201d ) and the standard and poor 2019s s&p 500 index ( 201cs&p 500 201d ) . . <table class='wikitable'><tr><td>1</td><td>company/index</td><td>december 31 , 2013</td><td>december 31 , 2014</td><td>december 31 , 2015</td><td>december 31 , 2016</td><td>december 31 , 2017</td><td>december 31 , 2018</td></tr><tr><td>2</td><td>o 2019reilly automotive inc .</td><td>$ 100</td><td>$ 150</td><td>$ 197</td><td>$ 216</td><td>$ 187</td><td>$ 268</td></tr><tr><td>3</td><td>s&p 500 retail index</td><td>100</td><td>110</td><td>137</td><td>143</td><td>184</td><td>208</td></tr><tr><td>4</td><td>s&p 500</td><td>$ 100</td><td>$ 111</td><td>$ 111</td><td>$ 121</td><td>$ 145</td><td>$ 136</td></tr></table> .
Question: what was the value of s&p500 in 2017?
Answer: 145.0
Question: and what was it in 2013?
Answer: 100.0
Question: what was, then, the change over the years?
| 45.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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stock performance graph : the graph below shows the cumulative total shareholder return assuming the investment of $ 100 , on december 31 , 2013 , and the reinvestment of dividends thereafter , if any , in the company 2019s common stock versus the standard and poor 2019s s&p 500 retail index ( 201cs&p 500 retail index 201d ) and the standard and poor 2019s s&p 500 index ( 201cs&p 500 201d ) . . <table class='wikitable'><tr><td>1</td><td>company/index</td><td>december 31 , 2013</td><td>december 31 , 2014</td><td>december 31 , 2015</td><td>december 31 , 2016</td><td>december 31 , 2017</td><td>december 31 , 2018</td></tr><tr><td>2</td><td>o 2019reilly automotive inc .</td><td>$ 100</td><td>$ 150</td><td>$ 197</td><td>$ 216</td><td>$ 187</td><td>$ 268</td></tr><tr><td>3</td><td>s&p 500 retail index</td><td>100</td><td>110</td><td>137</td><td>143</td><td>184</td><td>208</td></tr><tr><td>4</td><td>s&p 500</td><td>$ 100</td><td>$ 111</td><td>$ 111</td><td>$ 121</td><td>$ 145</td><td>$ 136</td></tr></table> .
Question: what was the value of s&p500 in 2017?
Answer: 145.0
Question: and what was it in 2013?
Answer: 100.0
Question: what was, then, the change over the years?
Answer: 45.0
Question: what was the value of s&p500 in 2013?
| 100.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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stock performance graph : the graph below shows the cumulative total shareholder return assuming the investment of $ 100 , on december 31 , 2013 , and the reinvestment of dividends thereafter , if any , in the company 2019s common stock versus the standard and poor 2019s s&p 500 retail index ( 201cs&p 500 retail index 201d ) and the standard and poor 2019s s&p 500 index ( 201cs&p 500 201d ) . . <table class='wikitable'><tr><td>1</td><td>company/index</td><td>december 31 , 2013</td><td>december 31 , 2014</td><td>december 31 , 2015</td><td>december 31 , 2016</td><td>december 31 , 2017</td><td>december 31 , 2018</td></tr><tr><td>2</td><td>o 2019reilly automotive inc .</td><td>$ 100</td><td>$ 150</td><td>$ 197</td><td>$ 216</td><td>$ 187</td><td>$ 268</td></tr><tr><td>3</td><td>s&p 500 retail index</td><td>100</td><td>110</td><td>137</td><td>143</td><td>184</td><td>208</td></tr><tr><td>4</td><td>s&p 500</td><td>$ 100</td><td>$ 111</td><td>$ 111</td><td>$ 121</td><td>$ 145</td><td>$ 136</td></tr></table> .
Question: what was the value of s&p500 in 2017?
Answer: 145.0
Question: and what was it in 2013?
Answer: 100.0
Question: what was, then, the change over the years?
Answer: 45.0
Question: what was the value of s&p500 in 2013?
Answer: 100.0
Question: and how much does that change represent in relation to this 2013 value?
| 0.45 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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$ 43.3 million in 2011 compared to $ 34.1 million in 2010 . the retail segment represented 13% ( 13 % ) and 15% ( 15 % ) of the company 2019s total net sales in 2011 and 2010 , respectively . the retail segment 2019s operating income was $ 4.7 billion , $ 3.2 billion , and $ 2.3 billion during 2012 , 2011 , and 2010 respectively . these year-over-year increases in retail operating income were primarily attributable to higher overall net sales that resulted in significantly higher average revenue per store during the respective years . gross margin gross margin for 2012 , 2011 and 2010 are as follows ( in millions , except gross margin percentages ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2012</td><td>2011</td><td>2010</td></tr><tr><td>2</td><td>net sales</td><td>$ 156508</td><td>$ 108249</td><td>$ 65225</td></tr><tr><td>3</td><td>cost of sales</td><td>87846</td><td>64431</td><td>39541</td></tr><tr><td>4</td><td>gross margin</td><td>$ 68662</td><td>$ 43818</td><td>$ 25684</td></tr><tr><td>5</td><td>gross margin percentage</td><td>43.9% ( 43.9 % )</td><td>40.5% ( 40.5 % )</td><td>39.4% ( 39.4 % )</td></tr></table> the gross margin percentage in 2012 was 43.9% ( 43.9 % ) , compared to 40.5% ( 40.5 % ) in 2011 . this year-over-year increase in gross margin was largely driven by lower commodity and other product costs , a higher mix of iphone sales , and improved leverage on fixed costs from higher net sales . the increase in gross margin was partially offset by the impact of a stronger u.s . dollar . the gross margin percentage during the first half of 2012 was 45.9% ( 45.9 % ) compared to 41.4% ( 41.4 % ) during the second half of 2012 . the primary drivers of higher gross margin in the first half of 2012 compared to the second half are a higher mix of iphone sales and improved leverage on fixed costs from higher net sales . additionally , gross margin in the second half of 2012 was also affected by the introduction of new products with flat pricing that have higher cost structures and deliver greater value to customers , price reductions on certain existing products , higher transition costs associated with product launches , and continued strengthening of the u.s . dollar ; partially offset by lower commodity costs . the gross margin percentage in 2011 was 40.5% ( 40.5 % ) , compared to 39.4% ( 39.4 % ) in 2010 . this year-over-year increase in gross margin was largely driven by lower commodity and other product costs . the company expects to experience decreases in its gross margin percentage in future periods , as compared to levels achieved during 2012 , and the company anticipates gross margin of about 36% ( 36 % ) during the first quarter of 2013 . expected future declines in gross margin are largely due to a higher mix of new and innovative products with flat or reduced pricing that have higher cost structures and deliver greater value to customers and anticipated component cost and other cost increases . future strengthening of the u.s . dollar could further negatively impact gross margin . the foregoing statements regarding the company 2019s expected gross margin percentage in future periods , including the first quarter of 2013 , are forward-looking and could differ from actual results because of several factors including , but not limited to those set forth above in part i , item 1a of this form 10-k under the heading 201crisk factors 201d and those described in this paragraph . in general , gross margins and margins on individual products will remain under downward pressure due to a variety of factors , including continued industry wide global product pricing pressures , increased competition , compressed product life cycles , product transitions and potential increases in the cost of components , as well as potential increases in the costs of outside manufacturing services and a potential shift in the company 2019s sales mix towards products with lower gross margins . in response to competitive pressures , the company expects it will continue to take product pricing actions , which would adversely affect gross margins . gross margins could also be affected by the company 2019s ability to manage product quality and warranty costs effectively and to stimulate demand for certain of its products . due to the company 2019s significant international operations , financial results can be significantly affected in the short-term by fluctuations in exchange rates. .
Question: what was the net change in value of net sales from 2011 to 2012?
| 48259.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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$ 43.3 million in 2011 compared to $ 34.1 million in 2010 . the retail segment represented 13% ( 13 % ) and 15% ( 15 % ) of the company 2019s total net sales in 2011 and 2010 , respectively . the retail segment 2019s operating income was $ 4.7 billion , $ 3.2 billion , and $ 2.3 billion during 2012 , 2011 , and 2010 respectively . these year-over-year increases in retail operating income were primarily attributable to higher overall net sales that resulted in significantly higher average revenue per store during the respective years . gross margin gross margin for 2012 , 2011 and 2010 are as follows ( in millions , except gross margin percentages ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2012</td><td>2011</td><td>2010</td></tr><tr><td>2</td><td>net sales</td><td>$ 156508</td><td>$ 108249</td><td>$ 65225</td></tr><tr><td>3</td><td>cost of sales</td><td>87846</td><td>64431</td><td>39541</td></tr><tr><td>4</td><td>gross margin</td><td>$ 68662</td><td>$ 43818</td><td>$ 25684</td></tr><tr><td>5</td><td>gross margin percentage</td><td>43.9% ( 43.9 % )</td><td>40.5% ( 40.5 % )</td><td>39.4% ( 39.4 % )</td></tr></table> the gross margin percentage in 2012 was 43.9% ( 43.9 % ) , compared to 40.5% ( 40.5 % ) in 2011 . this year-over-year increase in gross margin was largely driven by lower commodity and other product costs , a higher mix of iphone sales , and improved leverage on fixed costs from higher net sales . the increase in gross margin was partially offset by the impact of a stronger u.s . dollar . the gross margin percentage during the first half of 2012 was 45.9% ( 45.9 % ) compared to 41.4% ( 41.4 % ) during the second half of 2012 . the primary drivers of higher gross margin in the first half of 2012 compared to the second half are a higher mix of iphone sales and improved leverage on fixed costs from higher net sales . additionally , gross margin in the second half of 2012 was also affected by the introduction of new products with flat pricing that have higher cost structures and deliver greater value to customers , price reductions on certain existing products , higher transition costs associated with product launches , and continued strengthening of the u.s . dollar ; partially offset by lower commodity costs . the gross margin percentage in 2011 was 40.5% ( 40.5 % ) , compared to 39.4% ( 39.4 % ) in 2010 . this year-over-year increase in gross margin was largely driven by lower commodity and other product costs . the company expects to experience decreases in its gross margin percentage in future periods , as compared to levels achieved during 2012 , and the company anticipates gross margin of about 36% ( 36 % ) during the first quarter of 2013 . expected future declines in gross margin are largely due to a higher mix of new and innovative products with flat or reduced pricing that have higher cost structures and deliver greater value to customers and anticipated component cost and other cost increases . future strengthening of the u.s . dollar could further negatively impact gross margin . the foregoing statements regarding the company 2019s expected gross margin percentage in future periods , including the first quarter of 2013 , are forward-looking and could differ from actual results because of several factors including , but not limited to those set forth above in part i , item 1a of this form 10-k under the heading 201crisk factors 201d and those described in this paragraph . in general , gross margins and margins on individual products will remain under downward pressure due to a variety of factors , including continued industry wide global product pricing pressures , increased competition , compressed product life cycles , product transitions and potential increases in the cost of components , as well as potential increases in the costs of outside manufacturing services and a potential shift in the company 2019s sales mix towards products with lower gross margins . in response to competitive pressures , the company expects it will continue to take product pricing actions , which would adversely affect gross margins . gross margins could also be affected by the company 2019s ability to manage product quality and warranty costs effectively and to stimulate demand for certain of its products . due to the company 2019s significant international operations , financial results can be significantly affected in the short-term by fluctuations in exchange rates. .
Question: what was the net change in value of net sales from 2011 to 2012?
Answer: 48259.0
Question: what were net sales in 2011?
| 108249.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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$ 43.3 million in 2011 compared to $ 34.1 million in 2010 . the retail segment represented 13% ( 13 % ) and 15% ( 15 % ) of the company 2019s total net sales in 2011 and 2010 , respectively . the retail segment 2019s operating income was $ 4.7 billion , $ 3.2 billion , and $ 2.3 billion during 2012 , 2011 , and 2010 respectively . these year-over-year increases in retail operating income were primarily attributable to higher overall net sales that resulted in significantly higher average revenue per store during the respective years . gross margin gross margin for 2012 , 2011 and 2010 are as follows ( in millions , except gross margin percentages ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2012</td><td>2011</td><td>2010</td></tr><tr><td>2</td><td>net sales</td><td>$ 156508</td><td>$ 108249</td><td>$ 65225</td></tr><tr><td>3</td><td>cost of sales</td><td>87846</td><td>64431</td><td>39541</td></tr><tr><td>4</td><td>gross margin</td><td>$ 68662</td><td>$ 43818</td><td>$ 25684</td></tr><tr><td>5</td><td>gross margin percentage</td><td>43.9% ( 43.9 % )</td><td>40.5% ( 40.5 % )</td><td>39.4% ( 39.4 % )</td></tr></table> the gross margin percentage in 2012 was 43.9% ( 43.9 % ) , compared to 40.5% ( 40.5 % ) in 2011 . this year-over-year increase in gross margin was largely driven by lower commodity and other product costs , a higher mix of iphone sales , and improved leverage on fixed costs from higher net sales . the increase in gross margin was partially offset by the impact of a stronger u.s . dollar . the gross margin percentage during the first half of 2012 was 45.9% ( 45.9 % ) compared to 41.4% ( 41.4 % ) during the second half of 2012 . the primary drivers of higher gross margin in the first half of 2012 compared to the second half are a higher mix of iphone sales and improved leverage on fixed costs from higher net sales . additionally , gross margin in the second half of 2012 was also affected by the introduction of new products with flat pricing that have higher cost structures and deliver greater value to customers , price reductions on certain existing products , higher transition costs associated with product launches , and continued strengthening of the u.s . dollar ; partially offset by lower commodity costs . the gross margin percentage in 2011 was 40.5% ( 40.5 % ) , compared to 39.4% ( 39.4 % ) in 2010 . this year-over-year increase in gross margin was largely driven by lower commodity and other product costs . the company expects to experience decreases in its gross margin percentage in future periods , as compared to levels achieved during 2012 , and the company anticipates gross margin of about 36% ( 36 % ) during the first quarter of 2013 . expected future declines in gross margin are largely due to a higher mix of new and innovative products with flat or reduced pricing that have higher cost structures and deliver greater value to customers and anticipated component cost and other cost increases . future strengthening of the u.s . dollar could further negatively impact gross margin . the foregoing statements regarding the company 2019s expected gross margin percentage in future periods , including the first quarter of 2013 , are forward-looking and could differ from actual results because of several factors including , but not limited to those set forth above in part i , item 1a of this form 10-k under the heading 201crisk factors 201d and those described in this paragraph . in general , gross margins and margins on individual products will remain under downward pressure due to a variety of factors , including continued industry wide global product pricing pressures , increased competition , compressed product life cycles , product transitions and potential increases in the cost of components , as well as potential increases in the costs of outside manufacturing services and a potential shift in the company 2019s sales mix towards products with lower gross margins . in response to competitive pressures , the company expects it will continue to take product pricing actions , which would adversely affect gross margins . gross margins could also be affected by the company 2019s ability to manage product quality and warranty costs effectively and to stimulate demand for certain of its products . due to the company 2019s significant international operations , financial results can be significantly affected in the short-term by fluctuations in exchange rates. .
Question: what was the net change in value of net sales from 2011 to 2012?
Answer: 48259.0
Question: what were net sales in 2011?
Answer: 108249.0
Question: what is the change in value divided by the 2011 net sales?
| 0.44581 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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hollyfrontier corporation notes to consolidated financial statements continued . <table class='wikitable'><tr><td>1</td><td>-</td><td>( in thousands )</td></tr><tr><td>2</td><td>2018</td><td>$ 148716</td></tr><tr><td>3</td><td>2019</td><td>132547</td></tr><tr><td>4</td><td>2020</td><td>119639</td></tr><tr><td>5</td><td>2021</td><td>107400</td></tr><tr><td>6</td><td>2022</td><td>102884</td></tr><tr><td>7</td><td>thereafter</td><td>857454</td></tr><tr><td>8</td><td>total</td><td>$ 1468640</td></tr></table> transportation and storage costs incurred under these agreements totaled $ 140.5 million , $ 135.1 million and $ 137.7 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . these amounts do not include contractual commitments under our long-term transportation agreements with hep , as all transactions with hep are eliminated in these consolidated financial statements . we have a crude oil supply contract that requires the supplier to deliver a specified volume of crude oil or pay a shortfall fee for the difference in the actual barrels delivered to us less the specified barrels per the supply contract . for the contract year ended august 31 , 2017 , the actual number of barrels delivered to us was substantially less than the specified barrels , and we recorded a reduction to cost of goods sold and accumulated a shortfall fee receivable of $ 26.0 million during this period . in september 2017 , the supplier notified us they are disputing the shortfall fee owed and in october 2017 notified us of their demand for arbitration . we offset the receivable with payments of invoices for deliveries of crude oil received subsequent to august 31 , 2017 , which is permitted under the supply contract . we believe the disputes and claims made by the supplier are without merit . in march , 2006 , a subsidiary of ours sold the assets of montana refining company under an asset purchase agreement ( 201capa 201d ) . calumet montana refining llc , the current owner of the assets , has submitted requests for reimbursement of approximately $ 20.0 million pursuant to contractual indemnity provisions under the apa for various costs incurred , as well as additional claims related to environmental matters . we have rejected most of the claims for payment , and this matter is scheduled for arbitration beginning in july 2018 . we have accrued the costs we believe are owed pursuant to the apa , and we estimate that any reasonably possible losses beyond the amounts accrued are not material . note 20 : segment information effective fourth quarter of 2017 , we revised our reportable segments to align with certain changes in how our chief operating decision maker manages and allocates resources to our business . accordingly , our tulsa refineries 2019 lubricants operations , previously reported in the refining segment , are now combined with the operations of our petro-canada lubricants business ( acquired february 1 , 2017 ) and reported in the lubricants and specialty products segment . our prior period segment information has been retrospectively adjusted to reflect our current segment presentation . our operations are organized into three reportable segments , refining , lubricants and specialty products and hep . our operations that are not included in the refining , lubricants and specialty products and hep segments are included in corporate and other . intersegment transactions are eliminated in our consolidated financial statements and are included in eliminations . corporate and other and eliminations are aggregated and presented under corporate , other and eliminations column . the refining segment represents the operations of the el dorado , tulsa , navajo , cheyenne and woods cross refineries and hfc asphalt ( aggregated as a reportable segment ) . refining activities involve the purchase and refining of crude oil and wholesale and branded marketing of refined products , such as gasoline , diesel fuel and jet fuel . these petroleum products are primarily marketed in the mid-continent , southwest and rocky mountain regions of the united states . hfc asphalt operates various asphalt terminals in arizona , new mexico and oklahoma. .
Question: what were the storage costs in 2017, in millions?
| 140.5 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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hollyfrontier corporation notes to consolidated financial statements continued . <table class='wikitable'><tr><td>1</td><td>-</td><td>( in thousands )</td></tr><tr><td>2</td><td>2018</td><td>$ 148716</td></tr><tr><td>3</td><td>2019</td><td>132547</td></tr><tr><td>4</td><td>2020</td><td>119639</td></tr><tr><td>5</td><td>2021</td><td>107400</td></tr><tr><td>6</td><td>2022</td><td>102884</td></tr><tr><td>7</td><td>thereafter</td><td>857454</td></tr><tr><td>8</td><td>total</td><td>$ 1468640</td></tr></table> transportation and storage costs incurred under these agreements totaled $ 140.5 million , $ 135.1 million and $ 137.7 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . these amounts do not include contractual commitments under our long-term transportation agreements with hep , as all transactions with hep are eliminated in these consolidated financial statements . we have a crude oil supply contract that requires the supplier to deliver a specified volume of crude oil or pay a shortfall fee for the difference in the actual barrels delivered to us less the specified barrels per the supply contract . for the contract year ended august 31 , 2017 , the actual number of barrels delivered to us was substantially less than the specified barrels , and we recorded a reduction to cost of goods sold and accumulated a shortfall fee receivable of $ 26.0 million during this period . in september 2017 , the supplier notified us they are disputing the shortfall fee owed and in october 2017 notified us of their demand for arbitration . we offset the receivable with payments of invoices for deliveries of crude oil received subsequent to august 31 , 2017 , which is permitted under the supply contract . we believe the disputes and claims made by the supplier are without merit . in march , 2006 , a subsidiary of ours sold the assets of montana refining company under an asset purchase agreement ( 201capa 201d ) . calumet montana refining llc , the current owner of the assets , has submitted requests for reimbursement of approximately $ 20.0 million pursuant to contractual indemnity provisions under the apa for various costs incurred , as well as additional claims related to environmental matters . we have rejected most of the claims for payment , and this matter is scheduled for arbitration beginning in july 2018 . we have accrued the costs we believe are owed pursuant to the apa , and we estimate that any reasonably possible losses beyond the amounts accrued are not material . note 20 : segment information effective fourth quarter of 2017 , we revised our reportable segments to align with certain changes in how our chief operating decision maker manages and allocates resources to our business . accordingly , our tulsa refineries 2019 lubricants operations , previously reported in the refining segment , are now combined with the operations of our petro-canada lubricants business ( acquired february 1 , 2017 ) and reported in the lubricants and specialty products segment . our prior period segment information has been retrospectively adjusted to reflect our current segment presentation . our operations are organized into three reportable segments , refining , lubricants and specialty products and hep . our operations that are not included in the refining , lubricants and specialty products and hep segments are included in corporate and other . intersegment transactions are eliminated in our consolidated financial statements and are included in eliminations . corporate and other and eliminations are aggregated and presented under corporate , other and eliminations column . the refining segment represents the operations of the el dorado , tulsa , navajo , cheyenne and woods cross refineries and hfc asphalt ( aggregated as a reportable segment ) . refining activities involve the purchase and refining of crude oil and wholesale and branded marketing of refined products , such as gasoline , diesel fuel and jet fuel . these petroleum products are primarily marketed in the mid-continent , southwest and rocky mountain regions of the united states . hfc asphalt operates various asphalt terminals in arizona , new mexico and oklahoma. .
Question: what were the storage costs in 2017, in millions?
Answer: 140.5
Question: and what were they in 2016, also in millions?
| 135.1 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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hollyfrontier corporation notes to consolidated financial statements continued . <table class='wikitable'><tr><td>1</td><td>-</td><td>( in thousands )</td></tr><tr><td>2</td><td>2018</td><td>$ 148716</td></tr><tr><td>3</td><td>2019</td><td>132547</td></tr><tr><td>4</td><td>2020</td><td>119639</td></tr><tr><td>5</td><td>2021</td><td>107400</td></tr><tr><td>6</td><td>2022</td><td>102884</td></tr><tr><td>7</td><td>thereafter</td><td>857454</td></tr><tr><td>8</td><td>total</td><td>$ 1468640</td></tr></table> transportation and storage costs incurred under these agreements totaled $ 140.5 million , $ 135.1 million and $ 137.7 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . these amounts do not include contractual commitments under our long-term transportation agreements with hep , as all transactions with hep are eliminated in these consolidated financial statements . we have a crude oil supply contract that requires the supplier to deliver a specified volume of crude oil or pay a shortfall fee for the difference in the actual barrels delivered to us less the specified barrels per the supply contract . for the contract year ended august 31 , 2017 , the actual number of barrels delivered to us was substantially less than the specified barrels , and we recorded a reduction to cost of goods sold and accumulated a shortfall fee receivable of $ 26.0 million during this period . in september 2017 , the supplier notified us they are disputing the shortfall fee owed and in october 2017 notified us of their demand for arbitration . we offset the receivable with payments of invoices for deliveries of crude oil received subsequent to august 31 , 2017 , which is permitted under the supply contract . we believe the disputes and claims made by the supplier are without merit . in march , 2006 , a subsidiary of ours sold the assets of montana refining company under an asset purchase agreement ( 201capa 201d ) . calumet montana refining llc , the current owner of the assets , has submitted requests for reimbursement of approximately $ 20.0 million pursuant to contractual indemnity provisions under the apa for various costs incurred , as well as additional claims related to environmental matters . we have rejected most of the claims for payment , and this matter is scheduled for arbitration beginning in july 2018 . we have accrued the costs we believe are owed pursuant to the apa , and we estimate that any reasonably possible losses beyond the amounts accrued are not material . note 20 : segment information effective fourth quarter of 2017 , we revised our reportable segments to align with certain changes in how our chief operating decision maker manages and allocates resources to our business . accordingly , our tulsa refineries 2019 lubricants operations , previously reported in the refining segment , are now combined with the operations of our petro-canada lubricants business ( acquired february 1 , 2017 ) and reported in the lubricants and specialty products segment . our prior period segment information has been retrospectively adjusted to reflect our current segment presentation . our operations are organized into three reportable segments , refining , lubricants and specialty products and hep . our operations that are not included in the refining , lubricants and specialty products and hep segments are included in corporate and other . intersegment transactions are eliminated in our consolidated financial statements and are included in eliminations . corporate and other and eliminations are aggregated and presented under corporate , other and eliminations column . the refining segment represents the operations of the el dorado , tulsa , navajo , cheyenne and woods cross refineries and hfc asphalt ( aggregated as a reportable segment ) . refining activities involve the purchase and refining of crude oil and wholesale and branded marketing of refined products , such as gasoline , diesel fuel and jet fuel . these petroleum products are primarily marketed in the mid-continent , southwest and rocky mountain regions of the united states . hfc asphalt operates various asphalt terminals in arizona , new mexico and oklahoma. .
Question: what were the storage costs in 2017, in millions?
Answer: 140.5
Question: and what were they in 2016, also in millions?
Answer: 135.1
Question: what was, then, in millions, the total storage costs in the two years combined?
| 275.6 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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hollyfrontier corporation notes to consolidated financial statements continued . <table class='wikitable'><tr><td>1</td><td>-</td><td>( in thousands )</td></tr><tr><td>2</td><td>2018</td><td>$ 148716</td></tr><tr><td>3</td><td>2019</td><td>132547</td></tr><tr><td>4</td><td>2020</td><td>119639</td></tr><tr><td>5</td><td>2021</td><td>107400</td></tr><tr><td>6</td><td>2022</td><td>102884</td></tr><tr><td>7</td><td>thereafter</td><td>857454</td></tr><tr><td>8</td><td>total</td><td>$ 1468640</td></tr></table> transportation and storage costs incurred under these agreements totaled $ 140.5 million , $ 135.1 million and $ 137.7 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . these amounts do not include contractual commitments under our long-term transportation agreements with hep , as all transactions with hep are eliminated in these consolidated financial statements . we have a crude oil supply contract that requires the supplier to deliver a specified volume of crude oil or pay a shortfall fee for the difference in the actual barrels delivered to us less the specified barrels per the supply contract . for the contract year ended august 31 , 2017 , the actual number of barrels delivered to us was substantially less than the specified barrels , and we recorded a reduction to cost of goods sold and accumulated a shortfall fee receivable of $ 26.0 million during this period . in september 2017 , the supplier notified us they are disputing the shortfall fee owed and in october 2017 notified us of their demand for arbitration . we offset the receivable with payments of invoices for deliveries of crude oil received subsequent to august 31 , 2017 , which is permitted under the supply contract . we believe the disputes and claims made by the supplier are without merit . in march , 2006 , a subsidiary of ours sold the assets of montana refining company under an asset purchase agreement ( 201capa 201d ) . calumet montana refining llc , the current owner of the assets , has submitted requests for reimbursement of approximately $ 20.0 million pursuant to contractual indemnity provisions under the apa for various costs incurred , as well as additional claims related to environmental matters . we have rejected most of the claims for payment , and this matter is scheduled for arbitration beginning in july 2018 . we have accrued the costs we believe are owed pursuant to the apa , and we estimate that any reasonably possible losses beyond the amounts accrued are not material . note 20 : segment information effective fourth quarter of 2017 , we revised our reportable segments to align with certain changes in how our chief operating decision maker manages and allocates resources to our business . accordingly , our tulsa refineries 2019 lubricants operations , previously reported in the refining segment , are now combined with the operations of our petro-canada lubricants business ( acquired february 1 , 2017 ) and reported in the lubricants and specialty products segment . our prior period segment information has been retrospectively adjusted to reflect our current segment presentation . our operations are organized into three reportable segments , refining , lubricants and specialty products and hep . our operations that are not included in the refining , lubricants and specialty products and hep segments are included in corporate and other . intersegment transactions are eliminated in our consolidated financial statements and are included in eliminations . corporate and other and eliminations are aggregated and presented under corporate , other and eliminations column . the refining segment represents the operations of the el dorado , tulsa , navajo , cheyenne and woods cross refineries and hfc asphalt ( aggregated as a reportable segment ) . refining activities involve the purchase and refining of crude oil and wholesale and branded marketing of refined products , such as gasoline , diesel fuel and jet fuel . these petroleum products are primarily marketed in the mid-continent , southwest and rocky mountain regions of the united states . hfc asphalt operates various asphalt terminals in arizona , new mexico and oklahoma. .
Question: what were the storage costs in 2017, in millions?
Answer: 140.5
Question: and what were they in 2016, also in millions?
Answer: 135.1
Question: what was, then, in millions, the total storage costs in the two years combined?
Answer: 275.6
Question: including 2015, what then becomes that total?
| 413.3 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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hollyfrontier corporation notes to consolidated financial statements continued . <table class='wikitable'><tr><td>1</td><td>-</td><td>( in thousands )</td></tr><tr><td>2</td><td>2018</td><td>$ 148716</td></tr><tr><td>3</td><td>2019</td><td>132547</td></tr><tr><td>4</td><td>2020</td><td>119639</td></tr><tr><td>5</td><td>2021</td><td>107400</td></tr><tr><td>6</td><td>2022</td><td>102884</td></tr><tr><td>7</td><td>thereafter</td><td>857454</td></tr><tr><td>8</td><td>total</td><td>$ 1468640</td></tr></table> transportation and storage costs incurred under these agreements totaled $ 140.5 million , $ 135.1 million and $ 137.7 million for the years ended december 31 , 2017 , 2016 and 2015 , respectively . these amounts do not include contractual commitments under our long-term transportation agreements with hep , as all transactions with hep are eliminated in these consolidated financial statements . we have a crude oil supply contract that requires the supplier to deliver a specified volume of crude oil or pay a shortfall fee for the difference in the actual barrels delivered to us less the specified barrels per the supply contract . for the contract year ended august 31 , 2017 , the actual number of barrels delivered to us was substantially less than the specified barrels , and we recorded a reduction to cost of goods sold and accumulated a shortfall fee receivable of $ 26.0 million during this period . in september 2017 , the supplier notified us they are disputing the shortfall fee owed and in october 2017 notified us of their demand for arbitration . we offset the receivable with payments of invoices for deliveries of crude oil received subsequent to august 31 , 2017 , which is permitted under the supply contract . we believe the disputes and claims made by the supplier are without merit . in march , 2006 , a subsidiary of ours sold the assets of montana refining company under an asset purchase agreement ( 201capa 201d ) . calumet montana refining llc , the current owner of the assets , has submitted requests for reimbursement of approximately $ 20.0 million pursuant to contractual indemnity provisions under the apa for various costs incurred , as well as additional claims related to environmental matters . we have rejected most of the claims for payment , and this matter is scheduled for arbitration beginning in july 2018 . we have accrued the costs we believe are owed pursuant to the apa , and we estimate that any reasonably possible losses beyond the amounts accrued are not material . note 20 : segment information effective fourth quarter of 2017 , we revised our reportable segments to align with certain changes in how our chief operating decision maker manages and allocates resources to our business . accordingly , our tulsa refineries 2019 lubricants operations , previously reported in the refining segment , are now combined with the operations of our petro-canada lubricants business ( acquired february 1 , 2017 ) and reported in the lubricants and specialty products segment . our prior period segment information has been retrospectively adjusted to reflect our current segment presentation . our operations are organized into three reportable segments , refining , lubricants and specialty products and hep . our operations that are not included in the refining , lubricants and specialty products and hep segments are included in corporate and other . intersegment transactions are eliminated in our consolidated financial statements and are included in eliminations . corporate and other and eliminations are aggregated and presented under corporate , other and eliminations column . the refining segment represents the operations of the el dorado , tulsa , navajo , cheyenne and woods cross refineries and hfc asphalt ( aggregated as a reportable segment ) . refining activities involve the purchase and refining of crude oil and wholesale and branded marketing of refined products , such as gasoline , diesel fuel and jet fuel . these petroleum products are primarily marketed in the mid-continent , southwest and rocky mountain regions of the united states . hfc asphalt operates various asphalt terminals in arizona , new mexico and oklahoma. .
Question: what were the storage costs in 2017, in millions?
Answer: 140.5
Question: and what were they in 2016, also in millions?
Answer: 135.1
Question: what was, then, in millions, the total storage costs in the two years combined?
Answer: 275.6
Question: including 2015, what then becomes that total?
Answer: 413.3
Question: and what were the average storage costs between the three years, in millions?
| 137.76667 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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notes to consolidated financial statements 2014 ( continued ) note 12 2014related party transactions in the course of settling money transfer transactions , we purchase foreign currency from consultoria internacional casa de cambio ( 201ccisa 201d ) , a mexican company partially owned by certain of our employees . as of march 31 , 2008 , mr . ra fal lim f3n cortes , a 10% ( 10 % ) shareholder of cisa , was no longer an employee , and we no longer considered cisa a related party . we purchased 6.1 billion mexican pesos for $ 560.3 million during the ten months ended march 31 , 2008 and 8.1 billion mexican pesos for $ 736.0 million during fiscal 2007 from cisa . we believe these currency transactions were executed at prevailing market exchange rates . also from time to time , money transfer transactions are settled at destination facilities owned by cisa . we incurred related settlement expenses , included in cost of service in the accompanying consolidated statements of income of $ 0.5 million in the ten months ended march 31 , 2008 . in fiscal 2007 and 2006 , we incurred related settlement expenses , included in cost of service in the accompanying consolidated statements of income of $ 0.7 and $ 0.6 million , respectively . in the normal course of business , we periodically utilize the services of contractors to provide software development services . one of our employees , hired in april 2005 , is also an employee , officer , and part owner of a firm that provides such services . the services provided by this firm primarily relate to software development in connection with our planned next generation front-end processing system in the united states . during fiscal 2008 , we capitalized fees paid to this firm of $ 0.3 million . as of may 31 , 2008 and 2007 , capitalized amounts paid to this firm of $ 4.9 million and $ 4.6 million , respectively , were included in property and equipment in the accompanying consolidated balance sheets . in addition , we expensed amounts paid to this firm of $ 0.3 million , $ 0.1 million and $ 0.5 million in the years ended may 31 , 2008 , 2007 and 2006 , respectively . note 13 2014commitments and contingencies leases we conduct a major part of our operations using leased facilities and equipment . many of these leases have renewal and purchase options and provide that we pay the cost of property taxes , insurance and maintenance . rent expense on all operating leases for fiscal 2008 , 2007 and 2006 was $ 30.4 million , $ 27.1 million , and $ 24.4 million , respectively . future minimum lease payments for all noncancelable leases at may 31 , 2008 were as follows : operating leases . <table class='wikitable'><tr><td>1</td><td>-</td><td>operating leases</td></tr><tr><td>2</td><td>2009</td><td>$ 22883</td></tr><tr><td>3</td><td>2010</td><td>16359</td></tr><tr><td>4</td><td>2011</td><td>11746</td></tr><tr><td>5</td><td>2012</td><td>5277</td></tr><tr><td>6</td><td>2013</td><td>3365</td></tr><tr><td>7</td><td>thereafter</td><td>7816</td></tr><tr><td>8</td><td>total future minimum lease payments</td><td>$ 67446</td></tr></table> we are party to a number of other claims and lawsuits incidental to our business . in the opinion of management , the reasonably possible outcome of such matters , individually or in the aggregate , will not have a material adverse impact on our financial position , liquidity or results of operations. .
Question: what was the number of mexican pesos purchased during fiscal 2007, converted to the thousands place?
| -991.9 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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notes to consolidated financial statements 2014 ( continued ) note 12 2014related party transactions in the course of settling money transfer transactions , we purchase foreign currency from consultoria internacional casa de cambio ( 201ccisa 201d ) , a mexican company partially owned by certain of our employees . as of march 31 , 2008 , mr . ra fal lim f3n cortes , a 10% ( 10 % ) shareholder of cisa , was no longer an employee , and we no longer considered cisa a related party . we purchased 6.1 billion mexican pesos for $ 560.3 million during the ten months ended march 31 , 2008 and 8.1 billion mexican pesos for $ 736.0 million during fiscal 2007 from cisa . we believe these currency transactions were executed at prevailing market exchange rates . also from time to time , money transfer transactions are settled at destination facilities owned by cisa . we incurred related settlement expenses , included in cost of service in the accompanying consolidated statements of income of $ 0.5 million in the ten months ended march 31 , 2008 . in fiscal 2007 and 2006 , we incurred related settlement expenses , included in cost of service in the accompanying consolidated statements of income of $ 0.7 and $ 0.6 million , respectively . in the normal course of business , we periodically utilize the services of contractors to provide software development services . one of our employees , hired in april 2005 , is also an employee , officer , and part owner of a firm that provides such services . the services provided by this firm primarily relate to software development in connection with our planned next generation front-end processing system in the united states . during fiscal 2008 , we capitalized fees paid to this firm of $ 0.3 million . as of may 31 , 2008 and 2007 , capitalized amounts paid to this firm of $ 4.9 million and $ 4.6 million , respectively , were included in property and equipment in the accompanying consolidated balance sheets . in addition , we expensed amounts paid to this firm of $ 0.3 million , $ 0.1 million and $ 0.5 million in the years ended may 31 , 2008 , 2007 and 2006 , respectively . note 13 2014commitments and contingencies leases we conduct a major part of our operations using leased facilities and equipment . many of these leases have renewal and purchase options and provide that we pay the cost of property taxes , insurance and maintenance . rent expense on all operating leases for fiscal 2008 , 2007 and 2006 was $ 30.4 million , $ 27.1 million , and $ 24.4 million , respectively . future minimum lease payments for all noncancelable leases at may 31 , 2008 were as follows : operating leases . <table class='wikitable'><tr><td>1</td><td>-</td><td>operating leases</td></tr><tr><td>2</td><td>2009</td><td>$ 22883</td></tr><tr><td>3</td><td>2010</td><td>16359</td></tr><tr><td>4</td><td>2011</td><td>11746</td></tr><tr><td>5</td><td>2012</td><td>5277</td></tr><tr><td>6</td><td>2013</td><td>3365</td></tr><tr><td>7</td><td>thereafter</td><td>7816</td></tr><tr><td>8</td><td>total future minimum lease payments</td><td>$ 67446</td></tr></table> we are party to a number of other claims and lawsuits incidental to our business . in the opinion of management , the reasonably possible outcome of such matters , individually or in the aggregate , will not have a material adverse impact on our financial position , liquidity or results of operations. .
Question: what was the number of mexican pesos purchased during fiscal 2007, converted to the thousands place?
Answer: -991.9
Question: and the dollar value of this purchase?
| 736.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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notes to consolidated financial statements 2014 ( continued ) note 12 2014related party transactions in the course of settling money transfer transactions , we purchase foreign currency from consultoria internacional casa de cambio ( 201ccisa 201d ) , a mexican company partially owned by certain of our employees . as of march 31 , 2008 , mr . ra fal lim f3n cortes , a 10% ( 10 % ) shareholder of cisa , was no longer an employee , and we no longer considered cisa a related party . we purchased 6.1 billion mexican pesos for $ 560.3 million during the ten months ended march 31 , 2008 and 8.1 billion mexican pesos for $ 736.0 million during fiscal 2007 from cisa . we believe these currency transactions were executed at prevailing market exchange rates . also from time to time , money transfer transactions are settled at destination facilities owned by cisa . we incurred related settlement expenses , included in cost of service in the accompanying consolidated statements of income of $ 0.5 million in the ten months ended march 31 , 2008 . in fiscal 2007 and 2006 , we incurred related settlement expenses , included in cost of service in the accompanying consolidated statements of income of $ 0.7 and $ 0.6 million , respectively . in the normal course of business , we periodically utilize the services of contractors to provide software development services . one of our employees , hired in april 2005 , is also an employee , officer , and part owner of a firm that provides such services . the services provided by this firm primarily relate to software development in connection with our planned next generation front-end processing system in the united states . during fiscal 2008 , we capitalized fees paid to this firm of $ 0.3 million . as of may 31 , 2008 and 2007 , capitalized amounts paid to this firm of $ 4.9 million and $ 4.6 million , respectively , were included in property and equipment in the accompanying consolidated balance sheets . in addition , we expensed amounts paid to this firm of $ 0.3 million , $ 0.1 million and $ 0.5 million in the years ended may 31 , 2008 , 2007 and 2006 , respectively . note 13 2014commitments and contingencies leases we conduct a major part of our operations using leased facilities and equipment . many of these leases have renewal and purchase options and provide that we pay the cost of property taxes , insurance and maintenance . rent expense on all operating leases for fiscal 2008 , 2007 and 2006 was $ 30.4 million , $ 27.1 million , and $ 24.4 million , respectively . future minimum lease payments for all noncancelable leases at may 31 , 2008 were as follows : operating leases . <table class='wikitable'><tr><td>1</td><td>-</td><td>operating leases</td></tr><tr><td>2</td><td>2009</td><td>$ 22883</td></tr><tr><td>3</td><td>2010</td><td>16359</td></tr><tr><td>4</td><td>2011</td><td>11746</td></tr><tr><td>5</td><td>2012</td><td>5277</td></tr><tr><td>6</td><td>2013</td><td>3365</td></tr><tr><td>7</td><td>thereafter</td><td>7816</td></tr><tr><td>8</td><td>total future minimum lease payments</td><td>$ 67446</td></tr></table> we are party to a number of other claims and lawsuits incidental to our business . in the opinion of management , the reasonably possible outcome of such matters , individually or in the aggregate , will not have a material adverse impact on our financial position , liquidity or results of operations. .
Question: what was the number of mexican pesos purchased during fiscal 2007, converted to the thousands place?
Answer: -991.9
Question: and the dollar value of this purchase?
Answer: 736.0
Question: so what was the exchange rate from pesos to dollars?
| -1.34769 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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12feb201521095992 performance graph the following graph compares the performance of our common stock with that of the s&p 500 index and the s&p 500 healthcare equipment index . the cumulative total return listed below assumes an initial investment of $ 100 on december 31 , 2009 and reinvestment of dividends . comparison of 5 year cumulative total return rs $ 200 2009 2010 2011 201420132012 edwards lifesciences corporation s&p 500 s&p 500 healthcare equipment december 31 . <table class='wikitable'><tr><td>1</td><td>total cumulative return</td><td>2010</td><td>2011</td><td>2012</td><td>2013</td><td>2014</td></tr><tr><td>2</td><td>edwards lifesciences</td><td>$ 186.16</td><td>$ 162.81</td><td>$ 207.65</td><td>$ 151.43</td><td>$ 293.33</td></tr><tr><td>3</td><td>s&p 500</td><td>115.06</td><td>117.49</td><td>136.30</td><td>180.44</td><td>205.14</td></tr><tr><td>4</td><td>s&p 500 healthcare equipment index</td><td>96.84</td><td>102.07</td><td>120.66</td><td>153.85</td><td>194.33</td></tr></table> .
Question: what is the value of an investment in edwards lifesciences in 2014?
| 293.33 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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12feb201521095992 performance graph the following graph compares the performance of our common stock with that of the s&p 500 index and the s&p 500 healthcare equipment index . the cumulative total return listed below assumes an initial investment of $ 100 on december 31 , 2009 and reinvestment of dividends . comparison of 5 year cumulative total return rs $ 200 2009 2010 2011 201420132012 edwards lifesciences corporation s&p 500 s&p 500 healthcare equipment december 31 . <table class='wikitable'><tr><td>1</td><td>total cumulative return</td><td>2010</td><td>2011</td><td>2012</td><td>2013</td><td>2014</td></tr><tr><td>2</td><td>edwards lifesciences</td><td>$ 186.16</td><td>$ 162.81</td><td>$ 207.65</td><td>$ 151.43</td><td>$ 293.33</td></tr><tr><td>3</td><td>s&p 500</td><td>115.06</td><td>117.49</td><td>136.30</td><td>180.44</td><td>205.14</td></tr><tr><td>4</td><td>s&p 500 healthcare equipment index</td><td>96.84</td><td>102.07</td><td>120.66</td><td>153.85</td><td>194.33</td></tr></table> .
Question: what is the value of an investment in edwards lifesciences in 2014?
Answer: 293.33
Question: what about the initial value?
| 100.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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12feb201521095992 performance graph the following graph compares the performance of our common stock with that of the s&p 500 index and the s&p 500 healthcare equipment index . the cumulative total return listed below assumes an initial investment of $ 100 on december 31 , 2009 and reinvestment of dividends . comparison of 5 year cumulative total return rs $ 200 2009 2010 2011 201420132012 edwards lifesciences corporation s&p 500 s&p 500 healthcare equipment december 31 . <table class='wikitable'><tr><td>1</td><td>total cumulative return</td><td>2010</td><td>2011</td><td>2012</td><td>2013</td><td>2014</td></tr><tr><td>2</td><td>edwards lifesciences</td><td>$ 186.16</td><td>$ 162.81</td><td>$ 207.65</td><td>$ 151.43</td><td>$ 293.33</td></tr><tr><td>3</td><td>s&p 500</td><td>115.06</td><td>117.49</td><td>136.30</td><td>180.44</td><td>205.14</td></tr><tr><td>4</td><td>s&p 500 healthcare equipment index</td><td>96.84</td><td>102.07</td><td>120.66</td><td>153.85</td><td>194.33</td></tr></table> .
Question: what is the value of an investment in edwards lifesciences in 2014?
Answer: 293.33
Question: what about the initial value?
Answer: 100.0
Question: what is the net change?
| 193.33 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
|
12feb201521095992 performance graph the following graph compares the performance of our common stock with that of the s&p 500 index and the s&p 500 healthcare equipment index . the cumulative total return listed below assumes an initial investment of $ 100 on december 31 , 2009 and reinvestment of dividends . comparison of 5 year cumulative total return rs $ 200 2009 2010 2011 201420132012 edwards lifesciences corporation s&p 500 s&p 500 healthcare equipment december 31 . <table class='wikitable'><tr><td>1</td><td>total cumulative return</td><td>2010</td><td>2011</td><td>2012</td><td>2013</td><td>2014</td></tr><tr><td>2</td><td>edwards lifesciences</td><td>$ 186.16</td><td>$ 162.81</td><td>$ 207.65</td><td>$ 151.43</td><td>$ 293.33</td></tr><tr><td>3</td><td>s&p 500</td><td>115.06</td><td>117.49</td><td>136.30</td><td>180.44</td><td>205.14</td></tr><tr><td>4</td><td>s&p 500 healthcare equipment index</td><td>96.84</td><td>102.07</td><td>120.66</td><td>153.85</td><td>194.33</td></tr></table> .
Question: what is the value of an investment in edwards lifesciences in 2014?
Answer: 293.33
Question: what about the initial value?
Answer: 100.0
Question: what is the net change?
Answer: 193.33
Question: what is the initial value of the investment?
| 100.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
|
12feb201521095992 performance graph the following graph compares the performance of our common stock with that of the s&p 500 index and the s&p 500 healthcare equipment index . the cumulative total return listed below assumes an initial investment of $ 100 on december 31 , 2009 and reinvestment of dividends . comparison of 5 year cumulative total return rs $ 200 2009 2010 2011 201420132012 edwards lifesciences corporation s&p 500 s&p 500 healthcare equipment december 31 . <table class='wikitable'><tr><td>1</td><td>total cumulative return</td><td>2010</td><td>2011</td><td>2012</td><td>2013</td><td>2014</td></tr><tr><td>2</td><td>edwards lifesciences</td><td>$ 186.16</td><td>$ 162.81</td><td>$ 207.65</td><td>$ 151.43</td><td>$ 293.33</td></tr><tr><td>3</td><td>s&p 500</td><td>115.06</td><td>117.49</td><td>136.30</td><td>180.44</td><td>205.14</td></tr><tr><td>4</td><td>s&p 500 healthcare equipment index</td><td>96.84</td><td>102.07</td><td>120.66</td><td>153.85</td><td>194.33</td></tr></table> .
Question: what is the value of an investment in edwards lifesciences in 2014?
Answer: 293.33
Question: what about the initial value?
Answer: 100.0
Question: what is the net change?
Answer: 193.33
Question: what is the initial value of the investment?
Answer: 100.0
Question: what rate of return does this represent?
| 1.9333 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
|
although many clients use both active and passive strategies , the application of these strategies differs greatly . for example , clients may use index products to gain exposure to a market or asset class pending reallocation to an active manager . this has the effect of increasing turnover of index aum . in addition , institutional non-etp index assignments tend to be very large ( multi- billion dollars ) and typically reflect low fee rates . this has the potential to exaggerate the significance of net flows in institutional index products on blackrock 2019s revenues and earnings . equity year-end 2012 equity aum of $ 1.845 trillion increased by $ 285.4 billion , or 18% ( 18 % ) , from the end of 2011 , largely due to flows into regional , country-specific and global mandates and the effect of higher market valuations . equity aum growth included $ 54.0 billion in net new business and $ 3.6 billion in new assets related to the acquisition of claymore . net new business of $ 54.0 billion was driven by net inflows of $ 53.0 billion and $ 19.1 billion into ishares and non-etp index accounts , respectively . passive inflows were offset by active net outflows of $ 18.1 billion , with net outflows of $ 10.0 billion and $ 8.1 billion from fundamental and scientific active equity products , respectively . passive strategies represented 84% ( 84 % ) of equity aum with the remaining 16% ( 16 % ) in active mandates . institutional investors represented 62% ( 62 % ) of equity aum , while ishares , and retail and hnw represented 29% ( 29 % ) and 9% ( 9 % ) , respectively . at year-end 2012 , 63% ( 63 % ) of equity aum was managed for clients in the americas ( defined as the united states , caribbean , canada , latin america and iberia ) compared with 28% ( 28 % ) and 9% ( 9 % ) managed for clients in emea and asia-pacific , respectively . blackrock 2019s effective fee rates fluctuate due to changes in aum mix . approximately half of blackrock 2019s equity aum is tied to international markets , including emerging markets , which tend to have higher fee rates than similar u.s . equity strategies . accordingly , fluctuations in international equity markets , which do not consistently move in tandem with u.s . markets , may have a greater impact on blackrock 2019s effective equity fee rates and revenues . fixed income fixed income aum ended 2012 at $ 1.259 trillion , rising $ 11.6 billion , or 1% ( 1 % ) , relative to december 31 , 2011 . growth in aum reflected $ 43.3 billion in net new business , excluding the two large previously mentioned low-fee outflows , $ 75.4 billion in market and foreign exchange gains and $ 3.0 billion in new assets related to claymore . net new business was led by flows into domestic specialty and global bond mandates , with net inflows of $ 28.8 billion , $ 13.6 billion and $ 3.1 billion into ishares , non-etp index and model-based products , respectively , partially offset by net outflows of $ 2.2 billion from fundamental strategies . fixed income aum was split between passive and active strategies with 48% ( 48 % ) and 52% ( 52 % ) , respectively . institutional investors represented 74% ( 74 % ) of fixed income aum while ishares and retail and hnw represented 15% ( 15 % ) and 11% ( 11 % ) , respectively . at year-end 2012 , 59% ( 59 % ) of fixed income aum was managed for clients in the americas compared with 33% ( 33 % ) and 8% ( 8 % ) managed for clients in emea and asia- pacific , respectively . multi-asset class component changes in multi-asset class aum ( dollar amounts in millions ) 12/31/2011 net new business acquired market /fx app ( dep ) 12/31/2012 . <table class='wikitable'><tr><td>1</td><td>( dollar amounts in millions )</td><td>12/31/2011</td><td>net new business</td><td>net acquired</td><td>market /fx app ( dep )</td><td>12/31/2012</td></tr><tr><td>2</td><td>asset allocation</td><td>$ 126067</td><td>$ 1575</td><td>$ 78</td><td>$ 12440</td><td>$ 140160</td></tr><tr><td>3</td><td>target date/risk</td><td>49063</td><td>14526</td><td>2014</td><td>6295</td><td>69884</td></tr><tr><td>4</td><td>fiduciary</td><td>50040</td><td>-284 ( 284 )</td><td>2014</td><td>7948</td><td>57704</td></tr><tr><td>5</td><td>multi-asset</td><td>$ 225170</td><td>$ 15817</td><td>$ 78</td><td>$ 26683</td><td>$ 267748</td></tr></table> multi-asset class aum totaled $ 267.7 billion at year-end 2012 , up 19% ( 19 % ) , or $ 42.6 billion , reflecting $ 15.8 billion in net new business and $ 26.7 billion in portfolio valuation gains . blackrock 2019s multi-asset class team manages a variety of bespoke mandates for a diversified client base that leverages our broad investment expertise in global equities , currencies , bonds and commodities , and our extensive risk management capabilities . investment solutions might include a combination of long-only portfolios and alternative investments as well as tactical asset allocation overlays . at december 31 , 2012 , institutional investors represented 66% ( 66 % ) of multi-asset class aum , while retail and hnw accounted for the remaining aum . additionally , 58% ( 58 % ) of multi-asset class aum is managed for clients based in the americas with 37% ( 37 % ) and 5% ( 5 % ) managed for clients in emea and asia-pacific , respectively . flows reflected ongoing institutional demand for our advice in an increasingly .
Question: what was the multi-asset value in 2012?
| 267748.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
|
although many clients use both active and passive strategies , the application of these strategies differs greatly . for example , clients may use index products to gain exposure to a market or asset class pending reallocation to an active manager . this has the effect of increasing turnover of index aum . in addition , institutional non-etp index assignments tend to be very large ( multi- billion dollars ) and typically reflect low fee rates . this has the potential to exaggerate the significance of net flows in institutional index products on blackrock 2019s revenues and earnings . equity year-end 2012 equity aum of $ 1.845 trillion increased by $ 285.4 billion , or 18% ( 18 % ) , from the end of 2011 , largely due to flows into regional , country-specific and global mandates and the effect of higher market valuations . equity aum growth included $ 54.0 billion in net new business and $ 3.6 billion in new assets related to the acquisition of claymore . net new business of $ 54.0 billion was driven by net inflows of $ 53.0 billion and $ 19.1 billion into ishares and non-etp index accounts , respectively . passive inflows were offset by active net outflows of $ 18.1 billion , with net outflows of $ 10.0 billion and $ 8.1 billion from fundamental and scientific active equity products , respectively . passive strategies represented 84% ( 84 % ) of equity aum with the remaining 16% ( 16 % ) in active mandates . institutional investors represented 62% ( 62 % ) of equity aum , while ishares , and retail and hnw represented 29% ( 29 % ) and 9% ( 9 % ) , respectively . at year-end 2012 , 63% ( 63 % ) of equity aum was managed for clients in the americas ( defined as the united states , caribbean , canada , latin america and iberia ) compared with 28% ( 28 % ) and 9% ( 9 % ) managed for clients in emea and asia-pacific , respectively . blackrock 2019s effective fee rates fluctuate due to changes in aum mix . approximately half of blackrock 2019s equity aum is tied to international markets , including emerging markets , which tend to have higher fee rates than similar u.s . equity strategies . accordingly , fluctuations in international equity markets , which do not consistently move in tandem with u.s . markets , may have a greater impact on blackrock 2019s effective equity fee rates and revenues . fixed income fixed income aum ended 2012 at $ 1.259 trillion , rising $ 11.6 billion , or 1% ( 1 % ) , relative to december 31 , 2011 . growth in aum reflected $ 43.3 billion in net new business , excluding the two large previously mentioned low-fee outflows , $ 75.4 billion in market and foreign exchange gains and $ 3.0 billion in new assets related to claymore . net new business was led by flows into domestic specialty and global bond mandates , with net inflows of $ 28.8 billion , $ 13.6 billion and $ 3.1 billion into ishares , non-etp index and model-based products , respectively , partially offset by net outflows of $ 2.2 billion from fundamental strategies . fixed income aum was split between passive and active strategies with 48% ( 48 % ) and 52% ( 52 % ) , respectively . institutional investors represented 74% ( 74 % ) of fixed income aum while ishares and retail and hnw represented 15% ( 15 % ) and 11% ( 11 % ) , respectively . at year-end 2012 , 59% ( 59 % ) of fixed income aum was managed for clients in the americas compared with 33% ( 33 % ) and 8% ( 8 % ) managed for clients in emea and asia- pacific , respectively . multi-asset class component changes in multi-asset class aum ( dollar amounts in millions ) 12/31/2011 net new business acquired market /fx app ( dep ) 12/31/2012 . <table class='wikitable'><tr><td>1</td><td>( dollar amounts in millions )</td><td>12/31/2011</td><td>net new business</td><td>net acquired</td><td>market /fx app ( dep )</td><td>12/31/2012</td></tr><tr><td>2</td><td>asset allocation</td><td>$ 126067</td><td>$ 1575</td><td>$ 78</td><td>$ 12440</td><td>$ 140160</td></tr><tr><td>3</td><td>target date/risk</td><td>49063</td><td>14526</td><td>2014</td><td>6295</td><td>69884</td></tr><tr><td>4</td><td>fiduciary</td><td>50040</td><td>-284 ( 284 )</td><td>2014</td><td>7948</td><td>57704</td></tr><tr><td>5</td><td>multi-asset</td><td>$ 225170</td><td>$ 15817</td><td>$ 78</td><td>$ 26683</td><td>$ 267748</td></tr></table> multi-asset class aum totaled $ 267.7 billion at year-end 2012 , up 19% ( 19 % ) , or $ 42.6 billion , reflecting $ 15.8 billion in net new business and $ 26.7 billion in portfolio valuation gains . blackrock 2019s multi-asset class team manages a variety of bespoke mandates for a diversified client base that leverages our broad investment expertise in global equities , currencies , bonds and commodities , and our extensive risk management capabilities . investment solutions might include a combination of long-only portfolios and alternative investments as well as tactical asset allocation overlays . at december 31 , 2012 , institutional investors represented 66% ( 66 % ) of multi-asset class aum , while retail and hnw accounted for the remaining aum . additionally , 58% ( 58 % ) of multi-asset class aum is managed for clients based in the americas with 37% ( 37 % ) and 5% ( 5 % ) managed for clients in emea and asia-pacific , respectively . flows reflected ongoing institutional demand for our advice in an increasingly .
Question: what was the multi-asset value in 2012?
Answer: 267748.0
Question: what was the value in 2011?
| 225170.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
|
although many clients use both active and passive strategies , the application of these strategies differs greatly . for example , clients may use index products to gain exposure to a market or asset class pending reallocation to an active manager . this has the effect of increasing turnover of index aum . in addition , institutional non-etp index assignments tend to be very large ( multi- billion dollars ) and typically reflect low fee rates . this has the potential to exaggerate the significance of net flows in institutional index products on blackrock 2019s revenues and earnings . equity year-end 2012 equity aum of $ 1.845 trillion increased by $ 285.4 billion , or 18% ( 18 % ) , from the end of 2011 , largely due to flows into regional , country-specific and global mandates and the effect of higher market valuations . equity aum growth included $ 54.0 billion in net new business and $ 3.6 billion in new assets related to the acquisition of claymore . net new business of $ 54.0 billion was driven by net inflows of $ 53.0 billion and $ 19.1 billion into ishares and non-etp index accounts , respectively . passive inflows were offset by active net outflows of $ 18.1 billion , with net outflows of $ 10.0 billion and $ 8.1 billion from fundamental and scientific active equity products , respectively . passive strategies represented 84% ( 84 % ) of equity aum with the remaining 16% ( 16 % ) in active mandates . institutional investors represented 62% ( 62 % ) of equity aum , while ishares , and retail and hnw represented 29% ( 29 % ) and 9% ( 9 % ) , respectively . at year-end 2012 , 63% ( 63 % ) of equity aum was managed for clients in the americas ( defined as the united states , caribbean , canada , latin america and iberia ) compared with 28% ( 28 % ) and 9% ( 9 % ) managed for clients in emea and asia-pacific , respectively . blackrock 2019s effective fee rates fluctuate due to changes in aum mix . approximately half of blackrock 2019s equity aum is tied to international markets , including emerging markets , which tend to have higher fee rates than similar u.s . equity strategies . accordingly , fluctuations in international equity markets , which do not consistently move in tandem with u.s . markets , may have a greater impact on blackrock 2019s effective equity fee rates and revenues . fixed income fixed income aum ended 2012 at $ 1.259 trillion , rising $ 11.6 billion , or 1% ( 1 % ) , relative to december 31 , 2011 . growth in aum reflected $ 43.3 billion in net new business , excluding the two large previously mentioned low-fee outflows , $ 75.4 billion in market and foreign exchange gains and $ 3.0 billion in new assets related to claymore . net new business was led by flows into domestic specialty and global bond mandates , with net inflows of $ 28.8 billion , $ 13.6 billion and $ 3.1 billion into ishares , non-etp index and model-based products , respectively , partially offset by net outflows of $ 2.2 billion from fundamental strategies . fixed income aum was split between passive and active strategies with 48% ( 48 % ) and 52% ( 52 % ) , respectively . institutional investors represented 74% ( 74 % ) of fixed income aum while ishares and retail and hnw represented 15% ( 15 % ) and 11% ( 11 % ) , respectively . at year-end 2012 , 59% ( 59 % ) of fixed income aum was managed for clients in the americas compared with 33% ( 33 % ) and 8% ( 8 % ) managed for clients in emea and asia- pacific , respectively . multi-asset class component changes in multi-asset class aum ( dollar amounts in millions ) 12/31/2011 net new business acquired market /fx app ( dep ) 12/31/2012 . <table class='wikitable'><tr><td>1</td><td>( dollar amounts in millions )</td><td>12/31/2011</td><td>net new business</td><td>net acquired</td><td>market /fx app ( dep )</td><td>12/31/2012</td></tr><tr><td>2</td><td>asset allocation</td><td>$ 126067</td><td>$ 1575</td><td>$ 78</td><td>$ 12440</td><td>$ 140160</td></tr><tr><td>3</td><td>target date/risk</td><td>49063</td><td>14526</td><td>2014</td><td>6295</td><td>69884</td></tr><tr><td>4</td><td>fiduciary</td><td>50040</td><td>-284 ( 284 )</td><td>2014</td><td>7948</td><td>57704</td></tr><tr><td>5</td><td>multi-asset</td><td>$ 225170</td><td>$ 15817</td><td>$ 78</td><td>$ 26683</td><td>$ 267748</td></tr></table> multi-asset class aum totaled $ 267.7 billion at year-end 2012 , up 19% ( 19 % ) , or $ 42.6 billion , reflecting $ 15.8 billion in net new business and $ 26.7 billion in portfolio valuation gains . blackrock 2019s multi-asset class team manages a variety of bespoke mandates for a diversified client base that leverages our broad investment expertise in global equities , currencies , bonds and commodities , and our extensive risk management capabilities . investment solutions might include a combination of long-only portfolios and alternative investments as well as tactical asset allocation overlays . at december 31 , 2012 , institutional investors represented 66% ( 66 % ) of multi-asset class aum , while retail and hnw accounted for the remaining aum . additionally , 58% ( 58 % ) of multi-asset class aum is managed for clients based in the americas with 37% ( 37 % ) and 5% ( 5 % ) managed for clients in emea and asia-pacific , respectively . flows reflected ongoing institutional demand for our advice in an increasingly .
Question: what was the multi-asset value in 2012?
Answer: 267748.0
Question: what was the value in 2011?
Answer: 225170.0
Question: what is the net change in value?
| 42578.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
|
although many clients use both active and passive strategies , the application of these strategies differs greatly . for example , clients may use index products to gain exposure to a market or asset class pending reallocation to an active manager . this has the effect of increasing turnover of index aum . in addition , institutional non-etp index assignments tend to be very large ( multi- billion dollars ) and typically reflect low fee rates . this has the potential to exaggerate the significance of net flows in institutional index products on blackrock 2019s revenues and earnings . equity year-end 2012 equity aum of $ 1.845 trillion increased by $ 285.4 billion , or 18% ( 18 % ) , from the end of 2011 , largely due to flows into regional , country-specific and global mandates and the effect of higher market valuations . equity aum growth included $ 54.0 billion in net new business and $ 3.6 billion in new assets related to the acquisition of claymore . net new business of $ 54.0 billion was driven by net inflows of $ 53.0 billion and $ 19.1 billion into ishares and non-etp index accounts , respectively . passive inflows were offset by active net outflows of $ 18.1 billion , with net outflows of $ 10.0 billion and $ 8.1 billion from fundamental and scientific active equity products , respectively . passive strategies represented 84% ( 84 % ) of equity aum with the remaining 16% ( 16 % ) in active mandates . institutional investors represented 62% ( 62 % ) of equity aum , while ishares , and retail and hnw represented 29% ( 29 % ) and 9% ( 9 % ) , respectively . at year-end 2012 , 63% ( 63 % ) of equity aum was managed for clients in the americas ( defined as the united states , caribbean , canada , latin america and iberia ) compared with 28% ( 28 % ) and 9% ( 9 % ) managed for clients in emea and asia-pacific , respectively . blackrock 2019s effective fee rates fluctuate due to changes in aum mix . approximately half of blackrock 2019s equity aum is tied to international markets , including emerging markets , which tend to have higher fee rates than similar u.s . equity strategies . accordingly , fluctuations in international equity markets , which do not consistently move in tandem with u.s . markets , may have a greater impact on blackrock 2019s effective equity fee rates and revenues . fixed income fixed income aum ended 2012 at $ 1.259 trillion , rising $ 11.6 billion , or 1% ( 1 % ) , relative to december 31 , 2011 . growth in aum reflected $ 43.3 billion in net new business , excluding the two large previously mentioned low-fee outflows , $ 75.4 billion in market and foreign exchange gains and $ 3.0 billion in new assets related to claymore . net new business was led by flows into domestic specialty and global bond mandates , with net inflows of $ 28.8 billion , $ 13.6 billion and $ 3.1 billion into ishares , non-etp index and model-based products , respectively , partially offset by net outflows of $ 2.2 billion from fundamental strategies . fixed income aum was split between passive and active strategies with 48% ( 48 % ) and 52% ( 52 % ) , respectively . institutional investors represented 74% ( 74 % ) of fixed income aum while ishares and retail and hnw represented 15% ( 15 % ) and 11% ( 11 % ) , respectively . at year-end 2012 , 59% ( 59 % ) of fixed income aum was managed for clients in the americas compared with 33% ( 33 % ) and 8% ( 8 % ) managed for clients in emea and asia- pacific , respectively . multi-asset class component changes in multi-asset class aum ( dollar amounts in millions ) 12/31/2011 net new business acquired market /fx app ( dep ) 12/31/2012 . <table class='wikitable'><tr><td>1</td><td>( dollar amounts in millions )</td><td>12/31/2011</td><td>net new business</td><td>net acquired</td><td>market /fx app ( dep )</td><td>12/31/2012</td></tr><tr><td>2</td><td>asset allocation</td><td>$ 126067</td><td>$ 1575</td><td>$ 78</td><td>$ 12440</td><td>$ 140160</td></tr><tr><td>3</td><td>target date/risk</td><td>49063</td><td>14526</td><td>2014</td><td>6295</td><td>69884</td></tr><tr><td>4</td><td>fiduciary</td><td>50040</td><td>-284 ( 284 )</td><td>2014</td><td>7948</td><td>57704</td></tr><tr><td>5</td><td>multi-asset</td><td>$ 225170</td><td>$ 15817</td><td>$ 78</td><td>$ 26683</td><td>$ 267748</td></tr></table> multi-asset class aum totaled $ 267.7 billion at year-end 2012 , up 19% ( 19 % ) , or $ 42.6 billion , reflecting $ 15.8 billion in net new business and $ 26.7 billion in portfolio valuation gains . blackrock 2019s multi-asset class team manages a variety of bespoke mandates for a diversified client base that leverages our broad investment expertise in global equities , currencies , bonds and commodities , and our extensive risk management capabilities . investment solutions might include a combination of long-only portfolios and alternative investments as well as tactical asset allocation overlays . at december 31 , 2012 , institutional investors represented 66% ( 66 % ) of multi-asset class aum , while retail and hnw accounted for the remaining aum . additionally , 58% ( 58 % ) of multi-asset class aum is managed for clients based in the americas with 37% ( 37 % ) and 5% ( 5 % ) managed for clients in emea and asia-pacific , respectively . flows reflected ongoing institutional demand for our advice in an increasingly .
Question: what was the multi-asset value in 2012?
Answer: 267748.0
Question: what was the value in 2011?
Answer: 225170.0
Question: what is the net change in value?
Answer: 42578.0
Question: what was the 2011 value?
| 225170.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
|
although many clients use both active and passive strategies , the application of these strategies differs greatly . for example , clients may use index products to gain exposure to a market or asset class pending reallocation to an active manager . this has the effect of increasing turnover of index aum . in addition , institutional non-etp index assignments tend to be very large ( multi- billion dollars ) and typically reflect low fee rates . this has the potential to exaggerate the significance of net flows in institutional index products on blackrock 2019s revenues and earnings . equity year-end 2012 equity aum of $ 1.845 trillion increased by $ 285.4 billion , or 18% ( 18 % ) , from the end of 2011 , largely due to flows into regional , country-specific and global mandates and the effect of higher market valuations . equity aum growth included $ 54.0 billion in net new business and $ 3.6 billion in new assets related to the acquisition of claymore . net new business of $ 54.0 billion was driven by net inflows of $ 53.0 billion and $ 19.1 billion into ishares and non-etp index accounts , respectively . passive inflows were offset by active net outflows of $ 18.1 billion , with net outflows of $ 10.0 billion and $ 8.1 billion from fundamental and scientific active equity products , respectively . passive strategies represented 84% ( 84 % ) of equity aum with the remaining 16% ( 16 % ) in active mandates . institutional investors represented 62% ( 62 % ) of equity aum , while ishares , and retail and hnw represented 29% ( 29 % ) and 9% ( 9 % ) , respectively . at year-end 2012 , 63% ( 63 % ) of equity aum was managed for clients in the americas ( defined as the united states , caribbean , canada , latin america and iberia ) compared with 28% ( 28 % ) and 9% ( 9 % ) managed for clients in emea and asia-pacific , respectively . blackrock 2019s effective fee rates fluctuate due to changes in aum mix . approximately half of blackrock 2019s equity aum is tied to international markets , including emerging markets , which tend to have higher fee rates than similar u.s . equity strategies . accordingly , fluctuations in international equity markets , which do not consistently move in tandem with u.s . markets , may have a greater impact on blackrock 2019s effective equity fee rates and revenues . fixed income fixed income aum ended 2012 at $ 1.259 trillion , rising $ 11.6 billion , or 1% ( 1 % ) , relative to december 31 , 2011 . growth in aum reflected $ 43.3 billion in net new business , excluding the two large previously mentioned low-fee outflows , $ 75.4 billion in market and foreign exchange gains and $ 3.0 billion in new assets related to claymore . net new business was led by flows into domestic specialty and global bond mandates , with net inflows of $ 28.8 billion , $ 13.6 billion and $ 3.1 billion into ishares , non-etp index and model-based products , respectively , partially offset by net outflows of $ 2.2 billion from fundamental strategies . fixed income aum was split between passive and active strategies with 48% ( 48 % ) and 52% ( 52 % ) , respectively . institutional investors represented 74% ( 74 % ) of fixed income aum while ishares and retail and hnw represented 15% ( 15 % ) and 11% ( 11 % ) , respectively . at year-end 2012 , 59% ( 59 % ) of fixed income aum was managed for clients in the americas compared with 33% ( 33 % ) and 8% ( 8 % ) managed for clients in emea and asia- pacific , respectively . multi-asset class component changes in multi-asset class aum ( dollar amounts in millions ) 12/31/2011 net new business acquired market /fx app ( dep ) 12/31/2012 . <table class='wikitable'><tr><td>1</td><td>( dollar amounts in millions )</td><td>12/31/2011</td><td>net new business</td><td>net acquired</td><td>market /fx app ( dep )</td><td>12/31/2012</td></tr><tr><td>2</td><td>asset allocation</td><td>$ 126067</td><td>$ 1575</td><td>$ 78</td><td>$ 12440</td><td>$ 140160</td></tr><tr><td>3</td><td>target date/risk</td><td>49063</td><td>14526</td><td>2014</td><td>6295</td><td>69884</td></tr><tr><td>4</td><td>fiduciary</td><td>50040</td><td>-284 ( 284 )</td><td>2014</td><td>7948</td><td>57704</td></tr><tr><td>5</td><td>multi-asset</td><td>$ 225170</td><td>$ 15817</td><td>$ 78</td><td>$ 26683</td><td>$ 267748</td></tr></table> multi-asset class aum totaled $ 267.7 billion at year-end 2012 , up 19% ( 19 % ) , or $ 42.6 billion , reflecting $ 15.8 billion in net new business and $ 26.7 billion in portfolio valuation gains . blackrock 2019s multi-asset class team manages a variety of bespoke mandates for a diversified client base that leverages our broad investment expertise in global equities , currencies , bonds and commodities , and our extensive risk management capabilities . investment solutions might include a combination of long-only portfolios and alternative investments as well as tactical asset allocation overlays . at december 31 , 2012 , institutional investors represented 66% ( 66 % ) of multi-asset class aum , while retail and hnw accounted for the remaining aum . additionally , 58% ( 58 % ) of multi-asset class aum is managed for clients based in the americas with 37% ( 37 % ) and 5% ( 5 % ) managed for clients in emea and asia-pacific , respectively . flows reflected ongoing institutional demand for our advice in an increasingly .
Question: what was the multi-asset value in 2012?
Answer: 267748.0
Question: what was the value in 2011?
Answer: 225170.0
Question: what is the net change in value?
Answer: 42578.0
Question: what was the 2011 value?
Answer: 225170.0
Question: what is the percent change?
| 0.18909 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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contributions and expected benefit payments the funding of our qualified defined benefit pension plans is determined in accordance with erisa , as amended by the ppa , and in a manner consistent with cas and internal revenue code rules . there were no contributions to our legacy qualified defined benefit pension plans during 2016 . we do not plan to make contributions to our legacy pension plans in 2017 because none are required using current assumptions including investment returns on plan assets . we made $ 23 million in contributions during 2016 to our newly established sikorsky pension plan and expect to make $ 45 million in contributions to this plan during 2017 . the following table presents estimated future benefit payments , which reflect expected future employee service , as of december 31 , 2016 ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2017</td><td>2018</td><td>2019</td><td>2020</td><td>2021</td><td>2022 2013 2026</td></tr><tr><td>2</td><td>qualified defined benefit pension plans</td><td>$ 2260</td><td>$ 2340</td><td>$ 2420</td><td>$ 2510</td><td>$ 2590</td><td>$ 13920</td></tr><tr><td>3</td><td>retiree medical and life insurance plans</td><td>180</td><td>180</td><td>190</td><td>190</td><td>190</td><td>870</td></tr></table> defined contribution plans we maintain a number of defined contribution plans , most with 401 ( k ) features , that cover substantially all of our employees . under the provisions of our 401 ( k ) plans , we match most employees 2019 eligible contributions at rates specified in the plan documents . our contributions were $ 617 million in 2016 , $ 393 million in 2015 and $ 385 million in 2014 , the majority of which were funded in our common stock . our defined contribution plans held approximately 36.9 million and 40.0 million shares of our common stock as of december 31 , 2016 and 2015 . note 12 2013 stockholders 2019 equity at december 31 , 2016 and 2015 , our authorized capital was composed of 1.5 billion shares of common stock and 50 million shares of series preferred stock . of the 290 million shares of common stock issued and outstanding as of december 31 , 2016 , 289 million shares were considered outstanding for consolidated balance sheet presentation purposes ; the remaining shares were held in a separate trust . of the 305 million shares of common stock issued and outstanding as of december 31 , 2015 , 303 million shares were considered outstanding for consolidated balance sheet presentation purposes ; the remaining shares were held in a separate trust . no shares of preferred stock were issued and outstanding at december 31 , 2016 or 2015 . repurchases of common stock during 2016 , we repurchased 8.9 million shares of our common stock for $ 2.1 billion . during 2015 and 2014 , we paid $ 3.1 billion and $ 1.9 billion to repurchase 15.2 million and 11.5 million shares of our common stock . on september 22 , 2016 , our board of directors approved a $ 2.0 billion increase to our share repurchase program . inclusive of this increase , the total remaining authorization for future common share repurchases under our program was $ 3.5 billion as of december 31 , 2016 . as we repurchase our common shares , we reduce common stock for the $ 1 of par value of the shares repurchased , with the excess purchase price over par value recorded as a reduction of additional paid-in capital . due to the volume of repurchases made under our share repurchase program , additional paid-in capital was reduced to zero , with the remainder of the excess purchase price over par value of $ 1.7 billion and $ 2.4 billion recorded as a reduction of retained earnings in 2016 and 2015 . we paid dividends totaling $ 2.0 billion ( $ 6.77 per share ) in 2016 , $ 1.9 billion ( $ 6.15 per share ) in 2015 and $ 1.8 billion ( $ 5.49 per share ) in 2014 . we have increased our quarterly dividend rate in each of the last three years , including a 10% ( 10 % ) increase in the quarterly dividend rate in the fourth quarter of 2016 . we declared quarterly dividends of $ 1.65 per share during each of the first three quarters of 2016 and $ 1.82 per share during the fourth quarter of 2016 ; $ 1.50 per share during each of the first three quarters of 2015 and $ 1.65 per share during the fourth quarter of 2015 ; and $ 1.33 per share during each of the first three quarters of 2014 and $ 1.50 per share during the fourth quarter of 2014. .
Question: what was the value of shares repurchased during 2015, divided by 1000?
| 0.0031 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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contributions and expected benefit payments the funding of our qualified defined benefit pension plans is determined in accordance with erisa , as amended by the ppa , and in a manner consistent with cas and internal revenue code rules . there were no contributions to our legacy qualified defined benefit pension plans during 2016 . we do not plan to make contributions to our legacy pension plans in 2017 because none are required using current assumptions including investment returns on plan assets . we made $ 23 million in contributions during 2016 to our newly established sikorsky pension plan and expect to make $ 45 million in contributions to this plan during 2017 . the following table presents estimated future benefit payments , which reflect expected future employee service , as of december 31 , 2016 ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2017</td><td>2018</td><td>2019</td><td>2020</td><td>2021</td><td>2022 2013 2026</td></tr><tr><td>2</td><td>qualified defined benefit pension plans</td><td>$ 2260</td><td>$ 2340</td><td>$ 2420</td><td>$ 2510</td><td>$ 2590</td><td>$ 13920</td></tr><tr><td>3</td><td>retiree medical and life insurance plans</td><td>180</td><td>180</td><td>190</td><td>190</td><td>190</td><td>870</td></tr></table> defined contribution plans we maintain a number of defined contribution plans , most with 401 ( k ) features , that cover substantially all of our employees . under the provisions of our 401 ( k ) plans , we match most employees 2019 eligible contributions at rates specified in the plan documents . our contributions were $ 617 million in 2016 , $ 393 million in 2015 and $ 385 million in 2014 , the majority of which were funded in our common stock . our defined contribution plans held approximately 36.9 million and 40.0 million shares of our common stock as of december 31 , 2016 and 2015 . note 12 2013 stockholders 2019 equity at december 31 , 2016 and 2015 , our authorized capital was composed of 1.5 billion shares of common stock and 50 million shares of series preferred stock . of the 290 million shares of common stock issued and outstanding as of december 31 , 2016 , 289 million shares were considered outstanding for consolidated balance sheet presentation purposes ; the remaining shares were held in a separate trust . of the 305 million shares of common stock issued and outstanding as of december 31 , 2015 , 303 million shares were considered outstanding for consolidated balance sheet presentation purposes ; the remaining shares were held in a separate trust . no shares of preferred stock were issued and outstanding at december 31 , 2016 or 2015 . repurchases of common stock during 2016 , we repurchased 8.9 million shares of our common stock for $ 2.1 billion . during 2015 and 2014 , we paid $ 3.1 billion and $ 1.9 billion to repurchase 15.2 million and 11.5 million shares of our common stock . on september 22 , 2016 , our board of directors approved a $ 2.0 billion increase to our share repurchase program . inclusive of this increase , the total remaining authorization for future common share repurchases under our program was $ 3.5 billion as of december 31 , 2016 . as we repurchase our common shares , we reduce common stock for the $ 1 of par value of the shares repurchased , with the excess purchase price over par value recorded as a reduction of additional paid-in capital . due to the volume of repurchases made under our share repurchase program , additional paid-in capital was reduced to zero , with the remainder of the excess purchase price over par value of $ 1.7 billion and $ 2.4 billion recorded as a reduction of retained earnings in 2016 and 2015 . we paid dividends totaling $ 2.0 billion ( $ 6.77 per share ) in 2016 , $ 1.9 billion ( $ 6.15 per share ) in 2015 and $ 1.8 billion ( $ 5.49 per share ) in 2014 . we have increased our quarterly dividend rate in each of the last three years , including a 10% ( 10 % ) increase in the quarterly dividend rate in the fourth quarter of 2016 . we declared quarterly dividends of $ 1.65 per share during each of the first three quarters of 2016 and $ 1.82 per share during the fourth quarter of 2016 ; $ 1.50 per share during each of the first three quarters of 2015 and $ 1.65 per share during the fourth quarter of 2015 ; and $ 1.33 per share during each of the first three quarters of 2014 and $ 1.50 per share during the fourth quarter of 2014. .
Question: what was the value of shares repurchased during 2015, divided by 1000?
Answer: 0.0031
Question: how many shares were repurchased in 2015?
| 15.2 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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contributions and expected benefit payments the funding of our qualified defined benefit pension plans is determined in accordance with erisa , as amended by the ppa , and in a manner consistent with cas and internal revenue code rules . there were no contributions to our legacy qualified defined benefit pension plans during 2016 . we do not plan to make contributions to our legacy pension plans in 2017 because none are required using current assumptions including investment returns on plan assets . we made $ 23 million in contributions during 2016 to our newly established sikorsky pension plan and expect to make $ 45 million in contributions to this plan during 2017 . the following table presents estimated future benefit payments , which reflect expected future employee service , as of december 31 , 2016 ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2017</td><td>2018</td><td>2019</td><td>2020</td><td>2021</td><td>2022 2013 2026</td></tr><tr><td>2</td><td>qualified defined benefit pension plans</td><td>$ 2260</td><td>$ 2340</td><td>$ 2420</td><td>$ 2510</td><td>$ 2590</td><td>$ 13920</td></tr><tr><td>3</td><td>retiree medical and life insurance plans</td><td>180</td><td>180</td><td>190</td><td>190</td><td>190</td><td>870</td></tr></table> defined contribution plans we maintain a number of defined contribution plans , most with 401 ( k ) features , that cover substantially all of our employees . under the provisions of our 401 ( k ) plans , we match most employees 2019 eligible contributions at rates specified in the plan documents . our contributions were $ 617 million in 2016 , $ 393 million in 2015 and $ 385 million in 2014 , the majority of which were funded in our common stock . our defined contribution plans held approximately 36.9 million and 40.0 million shares of our common stock as of december 31 , 2016 and 2015 . note 12 2013 stockholders 2019 equity at december 31 , 2016 and 2015 , our authorized capital was composed of 1.5 billion shares of common stock and 50 million shares of series preferred stock . of the 290 million shares of common stock issued and outstanding as of december 31 , 2016 , 289 million shares were considered outstanding for consolidated balance sheet presentation purposes ; the remaining shares were held in a separate trust . of the 305 million shares of common stock issued and outstanding as of december 31 , 2015 , 303 million shares were considered outstanding for consolidated balance sheet presentation purposes ; the remaining shares were held in a separate trust . no shares of preferred stock were issued and outstanding at december 31 , 2016 or 2015 . repurchases of common stock during 2016 , we repurchased 8.9 million shares of our common stock for $ 2.1 billion . during 2015 and 2014 , we paid $ 3.1 billion and $ 1.9 billion to repurchase 15.2 million and 11.5 million shares of our common stock . on september 22 , 2016 , our board of directors approved a $ 2.0 billion increase to our share repurchase program . inclusive of this increase , the total remaining authorization for future common share repurchases under our program was $ 3.5 billion as of december 31 , 2016 . as we repurchase our common shares , we reduce common stock for the $ 1 of par value of the shares repurchased , with the excess purchase price over par value recorded as a reduction of additional paid-in capital . due to the volume of repurchases made under our share repurchase program , additional paid-in capital was reduced to zero , with the remainder of the excess purchase price over par value of $ 1.7 billion and $ 2.4 billion recorded as a reduction of retained earnings in 2016 and 2015 . we paid dividends totaling $ 2.0 billion ( $ 6.77 per share ) in 2016 , $ 1.9 billion ( $ 6.15 per share ) in 2015 and $ 1.8 billion ( $ 5.49 per share ) in 2014 . we have increased our quarterly dividend rate in each of the last three years , including a 10% ( 10 % ) increase in the quarterly dividend rate in the fourth quarter of 2016 . we declared quarterly dividends of $ 1.65 per share during each of the first three quarters of 2016 and $ 1.82 per share during the fourth quarter of 2016 ; $ 1.50 per share during each of the first three quarters of 2015 and $ 1.65 per share during the fourth quarter of 2015 ; and $ 1.33 per share during each of the first three quarters of 2014 and $ 1.50 per share during the fourth quarter of 2014. .
Question: what was the value of shares repurchased during 2015, divided by 1000?
Answer: 0.0031
Question: how many shares were repurchased in 2015?
Answer: 15.2
Question: what was the average price per share?
| 0.0002 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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during the year ended december 31 , 2011 , we granted 354660 performance share units having a fair value based on our grant date closing stock price of $ 28.79 . these units are payable in stock and are subject to certain financial performance criteria . the fair value of these performance share unit awards is based on the grant date closing stock price of each respective award grant and will apply to the number of units ultimately awarded . the number of shares ultimately issued for each award will be based on our financial performance as compared to peer group companies over the performance period and can range from zero to 200% ( 200 % ) . as of december 31 , 2011 , estimated share payouts for outstanding non-vested performance share unit awards ranged from 150% ( 150 % ) to 195% ( 195 % ) . for the legacy frontier performance share units assumed at july 1 , 2011 , performance is based on market performance criteria , which is calculated as the total shareholder return achieved by hollyfrontier stockholders compared with the average shareholder return achieved by an equally-weighted peer group of independent refining companies over a three-year period . these share unit awards are payable in stock based on share price performance relative to the defined peer group and can range from zero to 125% ( 125 % ) of the initial target award . these performance share units were valued at july 1 , 2011 using a monte carlo valuation model , which simulates future stock price movements using key inputs including grant date and measurement date stock prices , expected stock price performance , expected rate of return and volatility of our stock price relative to the peer group over the three-year performance period . the fair value of these performance share units at july 1 , 2011 was $ 8.6 million . of this amount , $ 7.3 million relates to post-merger services and will be recognized ratably over the remaining service period through 2013 . a summary of performance share unit activity and changes during the year ended december 31 , 2011 is presented below: . <table class='wikitable'><tr><td>1</td><td>performance share units</td><td>grants</td></tr><tr><td>2</td><td>outstanding at january 1 2011 ( non-vested )</td><td>556186</td></tr><tr><td>3</td><td>granted ( 1 )</td><td>354660</td></tr><tr><td>4</td><td>vesting and transfer of ownership to recipients</td><td>-136058 ( 136058 )</td></tr><tr><td>5</td><td>outstanding at december 31 2011 ( non-vested )</td><td>774788</td></tr></table> ( 1 ) includes 225116 non-vested performance share grants under the legacy frontier plan that were outstanding and retained by hollyfrontier at july 1 , 2011 . for the year ended december 31 , 2011 we issued 178148 shares of our common stock having a fair value of $ 2.6 million related to vested performance share units . based on the weighted average grant date fair value of $ 20.71 there was $ 11.7 million of total unrecognized compensation cost related to non-vested performance share units . that cost is expected to be recognized over a weighted-average period of 1.1 years . note 7 : cash and cash equivalents and investments in marketable securities our investment portfolio at december 31 , 2011 consisted of cash , cash equivalents and investments in debt securities primarily issued by government and municipal entities . we also hold 1000000 shares of connacher oil and gas limited common stock that was received as partial consideration upon the sale of our montana refinery in we invest in highly-rated marketable debt securities , primarily issued by government and municipal entities that have maturities at the date of purchase of greater than three months . we also invest in other marketable debt securities with the maximum maturity or put date of any individual issue generally not greater than two years from the date of purchase . all of these instruments , including investments in equity securities , are classified as available- for-sale . as a result , they are reported at fair value using quoted market prices . interest income is recorded as earned . unrealized gains and losses , net of related income taxes , are reported as a component of accumulated other comprehensive income . upon sale , realized gains and losses on the sale of marketable securities are computed based on the specific identification of the underlying cost of the securities sold and the unrealized gains and losses previously reported in other comprehensive income are reclassified to current earnings. .
Question: what was the fair value of the performance share units in july 2011, in millions?
| 8.6 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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during the year ended december 31 , 2011 , we granted 354660 performance share units having a fair value based on our grant date closing stock price of $ 28.79 . these units are payable in stock and are subject to certain financial performance criteria . the fair value of these performance share unit awards is based on the grant date closing stock price of each respective award grant and will apply to the number of units ultimately awarded . the number of shares ultimately issued for each award will be based on our financial performance as compared to peer group companies over the performance period and can range from zero to 200% ( 200 % ) . as of december 31 , 2011 , estimated share payouts for outstanding non-vested performance share unit awards ranged from 150% ( 150 % ) to 195% ( 195 % ) . for the legacy frontier performance share units assumed at july 1 , 2011 , performance is based on market performance criteria , which is calculated as the total shareholder return achieved by hollyfrontier stockholders compared with the average shareholder return achieved by an equally-weighted peer group of independent refining companies over a three-year period . these share unit awards are payable in stock based on share price performance relative to the defined peer group and can range from zero to 125% ( 125 % ) of the initial target award . these performance share units were valued at july 1 , 2011 using a monte carlo valuation model , which simulates future stock price movements using key inputs including grant date and measurement date stock prices , expected stock price performance , expected rate of return and volatility of our stock price relative to the peer group over the three-year performance period . the fair value of these performance share units at july 1 , 2011 was $ 8.6 million . of this amount , $ 7.3 million relates to post-merger services and will be recognized ratably over the remaining service period through 2013 . a summary of performance share unit activity and changes during the year ended december 31 , 2011 is presented below: . <table class='wikitable'><tr><td>1</td><td>performance share units</td><td>grants</td></tr><tr><td>2</td><td>outstanding at january 1 2011 ( non-vested )</td><td>556186</td></tr><tr><td>3</td><td>granted ( 1 )</td><td>354660</td></tr><tr><td>4</td><td>vesting and transfer of ownership to recipients</td><td>-136058 ( 136058 )</td></tr><tr><td>5</td><td>outstanding at december 31 2011 ( non-vested )</td><td>774788</td></tr></table> ( 1 ) includes 225116 non-vested performance share grants under the legacy frontier plan that were outstanding and retained by hollyfrontier at july 1 , 2011 . for the year ended december 31 , 2011 we issued 178148 shares of our common stock having a fair value of $ 2.6 million related to vested performance share units . based on the weighted average grant date fair value of $ 20.71 there was $ 11.7 million of total unrecognized compensation cost related to non-vested performance share units . that cost is expected to be recognized over a weighted-average period of 1.1 years . note 7 : cash and cash equivalents and investments in marketable securities our investment portfolio at december 31 , 2011 consisted of cash , cash equivalents and investments in debt securities primarily issued by government and municipal entities . we also hold 1000000 shares of connacher oil and gas limited common stock that was received as partial consideration upon the sale of our montana refinery in we invest in highly-rated marketable debt securities , primarily issued by government and municipal entities that have maturities at the date of purchase of greater than three months . we also invest in other marketable debt securities with the maximum maturity or put date of any individual issue generally not greater than two years from the date of purchase . all of these instruments , including investments in equity securities , are classified as available- for-sale . as a result , they are reported at fair value using quoted market prices . interest income is recorded as earned . unrealized gains and losses , net of related income taxes , are reported as a component of accumulated other comprehensive income . upon sale , realized gains and losses on the sale of marketable securities are computed based on the specific identification of the underlying cost of the securities sold and the unrealized gains and losses previously reported in other comprehensive income are reclassified to current earnings. .
Question: what was the fair value of the performance share units in july 2011, in millions?
Answer: 8.6
Question: of that amount, how much is related to post-merger services, also in millions?
| 7.3 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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during the year ended december 31 , 2011 , we granted 354660 performance share units having a fair value based on our grant date closing stock price of $ 28.79 . these units are payable in stock and are subject to certain financial performance criteria . the fair value of these performance share unit awards is based on the grant date closing stock price of each respective award grant and will apply to the number of units ultimately awarded . the number of shares ultimately issued for each award will be based on our financial performance as compared to peer group companies over the performance period and can range from zero to 200% ( 200 % ) . as of december 31 , 2011 , estimated share payouts for outstanding non-vested performance share unit awards ranged from 150% ( 150 % ) to 195% ( 195 % ) . for the legacy frontier performance share units assumed at july 1 , 2011 , performance is based on market performance criteria , which is calculated as the total shareholder return achieved by hollyfrontier stockholders compared with the average shareholder return achieved by an equally-weighted peer group of independent refining companies over a three-year period . these share unit awards are payable in stock based on share price performance relative to the defined peer group and can range from zero to 125% ( 125 % ) of the initial target award . these performance share units were valued at july 1 , 2011 using a monte carlo valuation model , which simulates future stock price movements using key inputs including grant date and measurement date stock prices , expected stock price performance , expected rate of return and volatility of our stock price relative to the peer group over the three-year performance period . the fair value of these performance share units at july 1 , 2011 was $ 8.6 million . of this amount , $ 7.3 million relates to post-merger services and will be recognized ratably over the remaining service period through 2013 . a summary of performance share unit activity and changes during the year ended december 31 , 2011 is presented below: . <table class='wikitable'><tr><td>1</td><td>performance share units</td><td>grants</td></tr><tr><td>2</td><td>outstanding at january 1 2011 ( non-vested )</td><td>556186</td></tr><tr><td>3</td><td>granted ( 1 )</td><td>354660</td></tr><tr><td>4</td><td>vesting and transfer of ownership to recipients</td><td>-136058 ( 136058 )</td></tr><tr><td>5</td><td>outstanding at december 31 2011 ( non-vested )</td><td>774788</td></tr></table> ( 1 ) includes 225116 non-vested performance share grants under the legacy frontier plan that were outstanding and retained by hollyfrontier at july 1 , 2011 . for the year ended december 31 , 2011 we issued 178148 shares of our common stock having a fair value of $ 2.6 million related to vested performance share units . based on the weighted average grant date fair value of $ 20.71 there was $ 11.7 million of total unrecognized compensation cost related to non-vested performance share units . that cost is expected to be recognized over a weighted-average period of 1.1 years . note 7 : cash and cash equivalents and investments in marketable securities our investment portfolio at december 31 , 2011 consisted of cash , cash equivalents and investments in debt securities primarily issued by government and municipal entities . we also hold 1000000 shares of connacher oil and gas limited common stock that was received as partial consideration upon the sale of our montana refinery in we invest in highly-rated marketable debt securities , primarily issued by government and municipal entities that have maturities at the date of purchase of greater than three months . we also invest in other marketable debt securities with the maximum maturity or put date of any individual issue generally not greater than two years from the date of purchase . all of these instruments , including investments in equity securities , are classified as available- for-sale . as a result , they are reported at fair value using quoted market prices . interest income is recorded as earned . unrealized gains and losses , net of related income taxes , are reported as a component of accumulated other comprehensive income . upon sale , realized gains and losses on the sale of marketable securities are computed based on the specific identification of the underlying cost of the securities sold and the unrealized gains and losses previously reported in other comprehensive income are reclassified to current earnings. .
Question: what was the fair value of the performance share units in july 2011, in millions?
Answer: 8.6
Question: of that amount, how much is related to post-merger services, also in millions?
Answer: 7.3
Question: what is, then, the amount of fair value of performance share units that does not relate to post-merger services, in millions?
| 1.3 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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during the year ended december 31 , 2011 , we granted 354660 performance share units having a fair value based on our grant date closing stock price of $ 28.79 . these units are payable in stock and are subject to certain financial performance criteria . the fair value of these performance share unit awards is based on the grant date closing stock price of each respective award grant and will apply to the number of units ultimately awarded . the number of shares ultimately issued for each award will be based on our financial performance as compared to peer group companies over the performance period and can range from zero to 200% ( 200 % ) . as of december 31 , 2011 , estimated share payouts for outstanding non-vested performance share unit awards ranged from 150% ( 150 % ) to 195% ( 195 % ) . for the legacy frontier performance share units assumed at july 1 , 2011 , performance is based on market performance criteria , which is calculated as the total shareholder return achieved by hollyfrontier stockholders compared with the average shareholder return achieved by an equally-weighted peer group of independent refining companies over a three-year period . these share unit awards are payable in stock based on share price performance relative to the defined peer group and can range from zero to 125% ( 125 % ) of the initial target award . these performance share units were valued at july 1 , 2011 using a monte carlo valuation model , which simulates future stock price movements using key inputs including grant date and measurement date stock prices , expected stock price performance , expected rate of return and volatility of our stock price relative to the peer group over the three-year performance period . the fair value of these performance share units at july 1 , 2011 was $ 8.6 million . of this amount , $ 7.3 million relates to post-merger services and will be recognized ratably over the remaining service period through 2013 . a summary of performance share unit activity and changes during the year ended december 31 , 2011 is presented below: . <table class='wikitable'><tr><td>1</td><td>performance share units</td><td>grants</td></tr><tr><td>2</td><td>outstanding at january 1 2011 ( non-vested )</td><td>556186</td></tr><tr><td>3</td><td>granted ( 1 )</td><td>354660</td></tr><tr><td>4</td><td>vesting and transfer of ownership to recipients</td><td>-136058 ( 136058 )</td></tr><tr><td>5</td><td>outstanding at december 31 2011 ( non-vested )</td><td>774788</td></tr></table> ( 1 ) includes 225116 non-vested performance share grants under the legacy frontier plan that were outstanding and retained by hollyfrontier at july 1 , 2011 . for the year ended december 31 , 2011 we issued 178148 shares of our common stock having a fair value of $ 2.6 million related to vested performance share units . based on the weighted average grant date fair value of $ 20.71 there was $ 11.7 million of total unrecognized compensation cost related to non-vested performance share units . that cost is expected to be recognized over a weighted-average period of 1.1 years . note 7 : cash and cash equivalents and investments in marketable securities our investment portfolio at december 31 , 2011 consisted of cash , cash equivalents and investments in debt securities primarily issued by government and municipal entities . we also hold 1000000 shares of connacher oil and gas limited common stock that was received as partial consideration upon the sale of our montana refinery in we invest in highly-rated marketable debt securities , primarily issued by government and municipal entities that have maturities at the date of purchase of greater than three months . we also invest in other marketable debt securities with the maximum maturity or put date of any individual issue generally not greater than two years from the date of purchase . all of these instruments , including investments in equity securities , are classified as available- for-sale . as a result , they are reported at fair value using quoted market prices . interest income is recorded as earned . unrealized gains and losses , net of related income taxes , are reported as a component of accumulated other comprehensive income . upon sale , realized gains and losses on the sale of marketable securities are computed based on the specific identification of the underlying cost of the securities sold and the unrealized gains and losses previously reported in other comprehensive income are reclassified to current earnings. .
Question: what was the fair value of the performance share units in july 2011, in millions?
Answer: 8.6
Question: of that amount, how much is related to post-merger services, also in millions?
Answer: 7.3
Question: what is, then, the amount of fair value of performance share units that does not relate to post-merger services, in millions?
Answer: 1.3
Question: and how much does this amount represent in relation to the total fair value of performance share units, in percentage?
| 0.15116 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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2016 , as well as significant sponsorship and other marketing agreements entered into during the period after december 31 , 2016 through the date of this report : ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>2017</td><td>$ 176138</td></tr><tr><td>2</td><td>2018</td><td>166961</td></tr><tr><td>3</td><td>2019</td><td>142987</td></tr><tr><td>4</td><td>2020</td><td>124856</td></tr><tr><td>5</td><td>2021</td><td>118168</td></tr><tr><td>6</td><td>2022 and thereafter</td><td>626495</td></tr><tr><td>7</td><td>total future minimum sponsorship and other payments</td><td>$ 1355605</td></tr></table> total future minimum sponsorship and other payments $ 1355605 the amounts listed above are the minimum compensation obligations and guaranteed royalty fees required to be paid under the company 2019s sponsorship and other marketing agreements . the amounts listed above do not include additional performance incentives and product supply obligations provided under certain agreements . it is not possible to determine how much the company will spend on product supply obligations on an annual basis as contracts generally do not stipulate specific cash amounts to be spent on products . the amount of product provided to the sponsorships depends on many factors including general playing conditions , the number of sporting events in which they participate and the company 2019s decisions regarding product and marketing initiatives . in addition , the costs to design , develop , source and purchase the products furnished to the endorsers are incurred over a period of time and are not necessarily tracked separately from similar costs incurred for products sold to customers . in connection with various contracts and agreements , the company has agreed to indemnify counterparties against certain third party claims relating to the infringement of intellectual property rights and other items . generally , such indemnification obligations do not apply in situations in which the counterparties are grossly negligent , engage in willful misconduct , or act in bad faith . based on the company 2019s historical experience and the estimated probability of future loss , the company has determined that the fair value of such indemnifications is not material to its consolidated financial position or results of operations . from time to time , the company is involved in litigation and other proceedings , including matters related to commercial and intellectual property disputes , as well as trade , regulatory and other claims related to its business . other than as described below , the company believes that all current proceedings are routine in nature and incidental to the conduct of its business , and that the ultimate resolution of any such proceedings will not have a material adverse effect on its consolidated financial position , results of operations or cash flows . on february 10 , 2017 , a shareholder filed a securities case in the united states district court for the district of maryland ( the 201ccourt 201d ) against the company , the company 2019s chief executive officer and the company 2019s former chief financial officer ( brian breece v . under armour , inc. ) . on february 16 , 2017 , a second shareholder filed a securities case in the court against the same defendants ( jodie hopkins v . under armour , inc. ) . the plaintiff in each case purports to represent a class of shareholders for the period between april 21 , 2016 and january 30 , 2017 , inclusive . the complaints allege violations of section 10 ( b ) ( and rule 10b-5 ) of the securities exchange act of 1934 , as amended ( the 201cexchange act 201d ) and section 20 ( a ) control person liability under the exchange act against the officers named in the complaints . in general , the allegations in each case concern disclosures and statements made by .
Question: what was the sum of future minimum sponsorship and other payments in 2017 and 2018?
| 343099.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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2016 , as well as significant sponsorship and other marketing agreements entered into during the period after december 31 , 2016 through the date of this report : ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>2017</td><td>$ 176138</td></tr><tr><td>2</td><td>2018</td><td>166961</td></tr><tr><td>3</td><td>2019</td><td>142987</td></tr><tr><td>4</td><td>2020</td><td>124856</td></tr><tr><td>5</td><td>2021</td><td>118168</td></tr><tr><td>6</td><td>2022 and thereafter</td><td>626495</td></tr><tr><td>7</td><td>total future minimum sponsorship and other payments</td><td>$ 1355605</td></tr></table> total future minimum sponsorship and other payments $ 1355605 the amounts listed above are the minimum compensation obligations and guaranteed royalty fees required to be paid under the company 2019s sponsorship and other marketing agreements . the amounts listed above do not include additional performance incentives and product supply obligations provided under certain agreements . it is not possible to determine how much the company will spend on product supply obligations on an annual basis as contracts generally do not stipulate specific cash amounts to be spent on products . the amount of product provided to the sponsorships depends on many factors including general playing conditions , the number of sporting events in which they participate and the company 2019s decisions regarding product and marketing initiatives . in addition , the costs to design , develop , source and purchase the products furnished to the endorsers are incurred over a period of time and are not necessarily tracked separately from similar costs incurred for products sold to customers . in connection with various contracts and agreements , the company has agreed to indemnify counterparties against certain third party claims relating to the infringement of intellectual property rights and other items . generally , such indemnification obligations do not apply in situations in which the counterparties are grossly negligent , engage in willful misconduct , or act in bad faith . based on the company 2019s historical experience and the estimated probability of future loss , the company has determined that the fair value of such indemnifications is not material to its consolidated financial position or results of operations . from time to time , the company is involved in litigation and other proceedings , including matters related to commercial and intellectual property disputes , as well as trade , regulatory and other claims related to its business . other than as described below , the company believes that all current proceedings are routine in nature and incidental to the conduct of its business , and that the ultimate resolution of any such proceedings will not have a material adverse effect on its consolidated financial position , results of operations or cash flows . on february 10 , 2017 , a shareholder filed a securities case in the united states district court for the district of maryland ( the 201ccourt 201d ) against the company , the company 2019s chief executive officer and the company 2019s former chief financial officer ( brian breece v . under armour , inc. ) . on february 16 , 2017 , a second shareholder filed a securities case in the court against the same defendants ( jodie hopkins v . under armour , inc. ) . the plaintiff in each case purports to represent a class of shareholders for the period between april 21 , 2016 and january 30 , 2017 , inclusive . the complaints allege violations of section 10 ( b ) ( and rule 10b-5 ) of the securities exchange act of 1934 , as amended ( the 201cexchange act 201d ) and section 20 ( a ) control person liability under the exchange act against the officers named in the complaints . in general , the allegations in each case concern disclosures and statements made by .
Question: what was the sum of future minimum sponsorship and other payments in 2017 and 2018?
Answer: 343099.0
Question: what was the value in 2019?
| 142987.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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2016 , as well as significant sponsorship and other marketing agreements entered into during the period after december 31 , 2016 through the date of this report : ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>2017</td><td>$ 176138</td></tr><tr><td>2</td><td>2018</td><td>166961</td></tr><tr><td>3</td><td>2019</td><td>142987</td></tr><tr><td>4</td><td>2020</td><td>124856</td></tr><tr><td>5</td><td>2021</td><td>118168</td></tr><tr><td>6</td><td>2022 and thereafter</td><td>626495</td></tr><tr><td>7</td><td>total future minimum sponsorship and other payments</td><td>$ 1355605</td></tr></table> total future minimum sponsorship and other payments $ 1355605 the amounts listed above are the minimum compensation obligations and guaranteed royalty fees required to be paid under the company 2019s sponsorship and other marketing agreements . the amounts listed above do not include additional performance incentives and product supply obligations provided under certain agreements . it is not possible to determine how much the company will spend on product supply obligations on an annual basis as contracts generally do not stipulate specific cash amounts to be spent on products . the amount of product provided to the sponsorships depends on many factors including general playing conditions , the number of sporting events in which they participate and the company 2019s decisions regarding product and marketing initiatives . in addition , the costs to design , develop , source and purchase the products furnished to the endorsers are incurred over a period of time and are not necessarily tracked separately from similar costs incurred for products sold to customers . in connection with various contracts and agreements , the company has agreed to indemnify counterparties against certain third party claims relating to the infringement of intellectual property rights and other items . generally , such indemnification obligations do not apply in situations in which the counterparties are grossly negligent , engage in willful misconduct , or act in bad faith . based on the company 2019s historical experience and the estimated probability of future loss , the company has determined that the fair value of such indemnifications is not material to its consolidated financial position or results of operations . from time to time , the company is involved in litigation and other proceedings , including matters related to commercial and intellectual property disputes , as well as trade , regulatory and other claims related to its business . other than as described below , the company believes that all current proceedings are routine in nature and incidental to the conduct of its business , and that the ultimate resolution of any such proceedings will not have a material adverse effect on its consolidated financial position , results of operations or cash flows . on february 10 , 2017 , a shareholder filed a securities case in the united states district court for the district of maryland ( the 201ccourt 201d ) against the company , the company 2019s chief executive officer and the company 2019s former chief financial officer ( brian breece v . under armour , inc. ) . on february 16 , 2017 , a second shareholder filed a securities case in the court against the same defendants ( jodie hopkins v . under armour , inc. ) . the plaintiff in each case purports to represent a class of shareholders for the period between april 21 , 2016 and january 30 , 2017 , inclusive . the complaints allege violations of section 10 ( b ) ( and rule 10b-5 ) of the securities exchange act of 1934 , as amended ( the 201cexchange act 201d ) and section 20 ( a ) control person liability under the exchange act against the officers named in the complaints . in general , the allegations in each case concern disclosures and statements made by .
Question: what was the sum of future minimum sponsorship and other payments in 2017 and 2018?
Answer: 343099.0
Question: what was the value in 2019?
Answer: 142987.0
Question: what is the total sum for the 3 years?
| 486086.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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2016 , as well as significant sponsorship and other marketing agreements entered into during the period after december 31 , 2016 through the date of this report : ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>2017</td><td>$ 176138</td></tr><tr><td>2</td><td>2018</td><td>166961</td></tr><tr><td>3</td><td>2019</td><td>142987</td></tr><tr><td>4</td><td>2020</td><td>124856</td></tr><tr><td>5</td><td>2021</td><td>118168</td></tr><tr><td>6</td><td>2022 and thereafter</td><td>626495</td></tr><tr><td>7</td><td>total future minimum sponsorship and other payments</td><td>$ 1355605</td></tr></table> total future minimum sponsorship and other payments $ 1355605 the amounts listed above are the minimum compensation obligations and guaranteed royalty fees required to be paid under the company 2019s sponsorship and other marketing agreements . the amounts listed above do not include additional performance incentives and product supply obligations provided under certain agreements . it is not possible to determine how much the company will spend on product supply obligations on an annual basis as contracts generally do not stipulate specific cash amounts to be spent on products . the amount of product provided to the sponsorships depends on many factors including general playing conditions , the number of sporting events in which they participate and the company 2019s decisions regarding product and marketing initiatives . in addition , the costs to design , develop , source and purchase the products furnished to the endorsers are incurred over a period of time and are not necessarily tracked separately from similar costs incurred for products sold to customers . in connection with various contracts and agreements , the company has agreed to indemnify counterparties against certain third party claims relating to the infringement of intellectual property rights and other items . generally , such indemnification obligations do not apply in situations in which the counterparties are grossly negligent , engage in willful misconduct , or act in bad faith . based on the company 2019s historical experience and the estimated probability of future loss , the company has determined that the fair value of such indemnifications is not material to its consolidated financial position or results of operations . from time to time , the company is involved in litigation and other proceedings , including matters related to commercial and intellectual property disputes , as well as trade , regulatory and other claims related to its business . other than as described below , the company believes that all current proceedings are routine in nature and incidental to the conduct of its business , and that the ultimate resolution of any such proceedings will not have a material adverse effect on its consolidated financial position , results of operations or cash flows . on february 10 , 2017 , a shareholder filed a securities case in the united states district court for the district of maryland ( the 201ccourt 201d ) against the company , the company 2019s chief executive officer and the company 2019s former chief financial officer ( brian breece v . under armour , inc. ) . on february 16 , 2017 , a second shareholder filed a securities case in the court against the same defendants ( jodie hopkins v . under armour , inc. ) . the plaintiff in each case purports to represent a class of shareholders for the period between april 21 , 2016 and january 30 , 2017 , inclusive . the complaints allege violations of section 10 ( b ) ( and rule 10b-5 ) of the securities exchange act of 1934 , as amended ( the 201cexchange act 201d ) and section 20 ( a ) control person liability under the exchange act against the officers named in the complaints . in general , the allegations in each case concern disclosures and statements made by .
Question: what was the sum of future minimum sponsorship and other payments in 2017 and 2018?
Answer: 343099.0
Question: what was the value in 2019?
Answer: 142987.0
Question: what is the total sum for the 3 years?
Answer: 486086.0
Question: what is that sum divided by the total future minimum sponsorship and other payments?
| 0.35857 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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part ii , item 8 20 . pension and other benefit plans adoption of sfas 158 in september 2006 , the financial accounting standards board issued sfas 158 ( employer 2019s accounting for defined benefit pension and other postretirement plans , an amendment of fasb statements no . 87 , 88 , 106 and 132 ( r ) ) . sfas 158 required schlumberger to recognize the funded status ( i.e. , the difference between the fair value of plan assets and the benefit obligation ) of its defined benefit pension and other postretirement plans ( collectively 201cpostretirement benefit plans 201d ) in its december 31 , 2006 consolidated balance sheet , with a corresponding adjustment to accumulated other comprehensive income , net of tax . the adjustment to accumulated other comprehensive income at adoption represents the net unrecognized actuarial losses and unrecognized prior service costs which were previously netted against schlumberger 2019s postretirement benefit plans 2019 funded status in the consolidated balance sheet pursuant to the provisions of sfas 87 ( employers 2019 accounting for pensions ) and sfas 106 ( employer 2019s accounting for postretirement benefits other than pensions ) . these amounts will subsequently be recognized as net periodic postretirement cost consistent with schlumberger 2019s historical accounting policy for amortizing such amounts . the adoption of sfas 158 had no effect on schlumberger 2019s consolidated statement of income for the year ended december 31 , 2006 , or for any prior period , and it will not affect schlumberger 2019s operating results in future periods . additionally , sfas 158 did not have an effect on schlumberger 2019s consolidated balance sheet at december 31 , sfas 158 also required companies to measure the fair value of plan assets and benefit obligations as of the date of the fiscal year-end balance sheet . this provision of sfas 158 is not applicable as schlumberger already uses a measurement date of december 31 for its postretirement benefit plans . the incremental effect of applying sfas 158 on the consolidated balance sheet at december 31 , 2006 for all of schlumberger 2019s postretirement benefit plans is presented in the following table : ( stated in millions ) prior to application of sfas 158 sfas 158 adoption adjustments application of sfas 158 . <table class='wikitable'><tr><td>1</td><td>-</td><td>prior to application of sfas 158</td><td>sfas 158 adoption adjustments</td><td>after application of sfas 158</td></tr><tr><td>2</td><td>deferred taxes ( current )</td><td>$ 191</td><td>$ -28 ( 28 )</td><td>$ 163</td></tr><tr><td>3</td><td>deferred taxes ( long-term )</td><td>$ 186</td><td>$ 227</td><td>$ 413</td></tr><tr><td>4</td><td>other assets</td><td>$ 416</td><td>$ -243 ( 243 )</td><td>$ 173</td></tr><tr><td>5</td><td>accounts payable and accrued liabilities</td><td>$ 3925</td><td>$ -77 ( 77 )</td><td>$ 3848</td></tr><tr><td>6</td><td>postretirement benefits</td><td>$ 713</td><td>$ 323</td><td>$ 1036</td></tr><tr><td>7</td><td>accumulated other comprehensive loss</td><td>$ -879 ( 879 )</td><td>$ -290 ( 290 )</td><td>$ -1169 ( 1169 )</td></tr></table> as a result of the adoption of sfas 158 , schlumberger 2019s total liabilities increased by approximately 2% ( 2 % ) and stockholders 2019 equity decreased by approximately 3% ( 3 % ) . the impact on schlumberger 2019s total assets was insignificant . united states defined benefit pension plans schlumberger and its united states subsidiary sponsor several defined benefit pension plans that cover substantially all employees hired prior to october 1 , 2004 . the benefits are based on years of service and compensation on a career-average pay basis . the funding policy with respect to qualified pension plans is to annually contribute amounts that are based upon a number of factors including the actuarial accrued liability , amounts that are deductible for income tax purposes , legal funding requirements and available cash flow . these contributions are intended to provide for benefits earned to date and those expected to be earned in the future. .
Question: what is the value of deferred taxes, current, after the application times -1?
| -28.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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part ii , item 8 20 . pension and other benefit plans adoption of sfas 158 in september 2006 , the financial accounting standards board issued sfas 158 ( employer 2019s accounting for defined benefit pension and other postretirement plans , an amendment of fasb statements no . 87 , 88 , 106 and 132 ( r ) ) . sfas 158 required schlumberger to recognize the funded status ( i.e. , the difference between the fair value of plan assets and the benefit obligation ) of its defined benefit pension and other postretirement plans ( collectively 201cpostretirement benefit plans 201d ) in its december 31 , 2006 consolidated balance sheet , with a corresponding adjustment to accumulated other comprehensive income , net of tax . the adjustment to accumulated other comprehensive income at adoption represents the net unrecognized actuarial losses and unrecognized prior service costs which were previously netted against schlumberger 2019s postretirement benefit plans 2019 funded status in the consolidated balance sheet pursuant to the provisions of sfas 87 ( employers 2019 accounting for pensions ) and sfas 106 ( employer 2019s accounting for postretirement benefits other than pensions ) . these amounts will subsequently be recognized as net periodic postretirement cost consistent with schlumberger 2019s historical accounting policy for amortizing such amounts . the adoption of sfas 158 had no effect on schlumberger 2019s consolidated statement of income for the year ended december 31 , 2006 , or for any prior period , and it will not affect schlumberger 2019s operating results in future periods . additionally , sfas 158 did not have an effect on schlumberger 2019s consolidated balance sheet at december 31 , sfas 158 also required companies to measure the fair value of plan assets and benefit obligations as of the date of the fiscal year-end balance sheet . this provision of sfas 158 is not applicable as schlumberger already uses a measurement date of december 31 for its postretirement benefit plans . the incremental effect of applying sfas 158 on the consolidated balance sheet at december 31 , 2006 for all of schlumberger 2019s postretirement benefit plans is presented in the following table : ( stated in millions ) prior to application of sfas 158 sfas 158 adoption adjustments application of sfas 158 . <table class='wikitable'><tr><td>1</td><td>-</td><td>prior to application of sfas 158</td><td>sfas 158 adoption adjustments</td><td>after application of sfas 158</td></tr><tr><td>2</td><td>deferred taxes ( current )</td><td>$ 191</td><td>$ -28 ( 28 )</td><td>$ 163</td></tr><tr><td>3</td><td>deferred taxes ( long-term )</td><td>$ 186</td><td>$ 227</td><td>$ 413</td></tr><tr><td>4</td><td>other assets</td><td>$ 416</td><td>$ -243 ( 243 )</td><td>$ 173</td></tr><tr><td>5</td><td>accounts payable and accrued liabilities</td><td>$ 3925</td><td>$ -77 ( 77 )</td><td>$ 3848</td></tr><tr><td>6</td><td>postretirement benefits</td><td>$ 713</td><td>$ 323</td><td>$ 1036</td></tr><tr><td>7</td><td>accumulated other comprehensive loss</td><td>$ -879 ( 879 )</td><td>$ -290 ( 290 )</td><td>$ -1169 ( 1169 )</td></tr></table> as a result of the adoption of sfas 158 , schlumberger 2019s total liabilities increased by approximately 2% ( 2 % ) and stockholders 2019 equity decreased by approximately 3% ( 3 % ) . the impact on schlumberger 2019s total assets was insignificant . united states defined benefit pension plans schlumberger and its united states subsidiary sponsor several defined benefit pension plans that cover substantially all employees hired prior to october 1 , 2004 . the benefits are based on years of service and compensation on a career-average pay basis . the funding policy with respect to qualified pension plans is to annually contribute amounts that are based upon a number of factors including the actuarial accrued liability , amounts that are deductible for income tax purposes , legal funding requirements and available cash flow . these contributions are intended to provide for benefits earned to date and those expected to be earned in the future. .
Question: what is the value of deferred taxes, current, after the application times -1?
Answer: -28.0
Question: what is that value plus the value of deferred taxes, long-term?
| 199.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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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 2014 ( in 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 2013</td><td>258</td><td>443</td><td>701</td></tr><tr><td>3</td><td>extensions and discoveries</td><td>153</td><td>8</td><td>161</td></tr><tr><td>4</td><td>revisions due to prices</td><td>-1 ( 1 )</td><td>-34 ( 34 )</td><td>-35 ( 35 )</td></tr><tr><td>5</td><td>revisions other than price</td><td>-61 ( 61 )</td><td>18</td><td>-43 ( 43 )</td></tr><tr><td>6</td><td>sale of reserves</td><td>-4 ( 4 )</td><td>-2 ( 2 )</td><td>-6 ( 6 )</td></tr><tr><td>7</td><td>conversion to proved developed reserves</td><td>-40 ( 40 )</td><td>-49 ( 49 )</td><td>-89 ( 89 )</td></tr><tr><td>8</td><td>proved undeveloped reserves as of december 31 2014</td><td>305</td><td>384</td><td>689</td></tr></table> at december 31 , 2014 , devon had 689 mmboe of proved undeveloped reserves . this represents a 2 percent decrease as compared to 2013 and represents 25 percent of total proved reserves . drilling and development activities increased devon 2019s proved undeveloped reserves 161 mmboe and resulted in the conversion of 89 mmboe , or 13 percent , of the 2013 proved undeveloped reserves to proved developed reserves . costs incurred related to the development and conversion of devon 2019s proved undeveloped reserves were approximately $ 1.0 billion for 2014 . additionally , revisions other than price decreased devon 2019s proved undeveloped reserves 43 mmboe primarily due to evaluations of certain u.s . onshore dry-gas areas , which devon does not expect to develop in the next five years . the largest revisions , which were approximately 69 mmboe , relate to the dry-gas areas in the barnett shale in north texas . a significant amount of devon 2019s proved undeveloped reserves at the end of 2014 related to its jackfish operations . at december 31 , 2014 and 2013 , devon 2019s jackfish proved undeveloped reserves were 384 mmboe and 441 mmboe , respectively . development schedules for the jackfish reserves are primarily controlled by the need to keep the processing plants at their 35000 barrel 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 though the year 2031 . price revisions 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 . 2013 2013 reserves increased 94 mmboe primarily due to higher gas prices . of this increase , 43 mmboe related to the barnett shale and 19 mmboe related to the rocky mountain area . 2012 2013 reserves decreased 171 mmboe primarily due to lower gas prices . of this decrease , 100 mmboe related to the barnett shale and 25 mmboe related to the rocky mountain area. .
Question: what portion of total proved undeveloped reserves is in the us in 2013?
| 0.36805 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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domestic utility companies and system energy notes to respective financial statements derived from another portion of the entity that continues to apply sfas 71 should not be written off ; rather , they should be considered regulatory assets of the segment that will continue to apply sfas 71 . see note 2 to the domestic utility companies and system energy financial statements for discussion of transition to competition activity in the retail regulatory jurisdictions served by the domestic utility companies . only texas currently has an enacted retail open access law , but entergy believes that significant issues remain to be addressed by regulators , and the enacted law does not provide sufficient detail to reasonably determine the impact on entergy gulf states' regulated operations . cash and cash equivalents entergy considers all unrestricted highly liquid debt instruments purchased with an original maturity of three months or less to be cash equivalents . investments with original maturities of more than three months are classified as other temporary investments on the balance sheet . investments entergy applies the provisions of sfas 115 , 201caccounting for investments for certain debt and equity securities , 201d in accounting for investments in decommissioning trust funds . as a result , entergy records the decommissioning trust funds at their fair value on the balance sheet . as of december 31 , 2002 and 2001 , the fair value of the securities held in such funds differs from the amounts deposited plus the earnings on the deposits by the following ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2002</td><td>2001</td></tr><tr><td>2</td><td>entergy arkansas</td><td>$ 35.3</td><td>$ 69.8</td></tr><tr><td>3</td><td>entergy gulf states</td><td>$ 1.4</td><td>$ 18.5</td></tr><tr><td>4</td><td>entergy louisiana</td><td>( $ 0.3 )</td><td>$ 8.2</td></tr><tr><td>5</td><td>system energy</td><td>( $ 14.5 )</td><td>( $ 1.6 )</td></tr></table> in accordance with the regulatory treatment for decommissioning trust funds , entergy arkansas , entergy gulf states ( for the regulated portion of river bend ) , and entergy louisiana have recorded an offsetting amount of unrealized gains/ ( losses ) on investment securities in accumulated depreciation . for the nonregulated portion of river bend , entergy gulf states has recorded an offsetting amount of unrealized gains/ ( losses ) in other deferred credits . system energy's offsetting amount of unrealized gains/ ( losses ) on investment securities is in other regulatory liabilities . derivatives and hedging entergy implemented sfas 133 , 201caccounting for derivative instruments and hedging activities 201d on january 1 , 2001 . the statement requires that all derivatives be recognized in the balance sheet , either as assets or liabilities , at fair value . the changes in the fair value of derivatives are recorded each period in current earnings or other comprehensive income , depending on whether a derivative is designated as part of a hedge transaction and , if it is , the type of hedge transaction . for cash-flow hedge transactions in which entergy is hedging the variability of cash flows related to a variable-rate asset , liability , or forecasted transaction , changes in the fair value of the derivative instrument are reported in other comprehensive income . the gains and losses on the derivative instrument that are reported in other comprehensive income are reclassified as earnings in the periods in which earnings are impacted by the variability of the cash flows of the hedged item . the ineffective portions of all hedges are recognized in current- period earnings . contracts for commodities that will be delivered in quantities expected to be used or sold in the ordinary course of business , including certain purchases and sales of power and fuel , are not classified as derivatives. .
Question: what was the value of deposits in 2001 to gulf states?
| 18.5 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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domestic utility companies and system energy notes to respective financial statements derived from another portion of the entity that continues to apply sfas 71 should not be written off ; rather , they should be considered regulatory assets of the segment that will continue to apply sfas 71 . see note 2 to the domestic utility companies and system energy financial statements for discussion of transition to competition activity in the retail regulatory jurisdictions served by the domestic utility companies . only texas currently has an enacted retail open access law , but entergy believes that significant issues remain to be addressed by regulators , and the enacted law does not provide sufficient detail to reasonably determine the impact on entergy gulf states' regulated operations . cash and cash equivalents entergy considers all unrestricted highly liquid debt instruments purchased with an original maturity of three months or less to be cash equivalents . investments with original maturities of more than three months are classified as other temporary investments on the balance sheet . investments entergy applies the provisions of sfas 115 , 201caccounting for investments for certain debt and equity securities , 201d in accounting for investments in decommissioning trust funds . as a result , entergy records the decommissioning trust funds at their fair value on the balance sheet . as of december 31 , 2002 and 2001 , the fair value of the securities held in such funds differs from the amounts deposited plus the earnings on the deposits by the following ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2002</td><td>2001</td></tr><tr><td>2</td><td>entergy arkansas</td><td>$ 35.3</td><td>$ 69.8</td></tr><tr><td>3</td><td>entergy gulf states</td><td>$ 1.4</td><td>$ 18.5</td></tr><tr><td>4</td><td>entergy louisiana</td><td>( $ 0.3 )</td><td>$ 8.2</td></tr><tr><td>5</td><td>system energy</td><td>( $ 14.5 )</td><td>( $ 1.6 )</td></tr></table> in accordance with the regulatory treatment for decommissioning trust funds , entergy arkansas , entergy gulf states ( for the regulated portion of river bend ) , and entergy louisiana have recorded an offsetting amount of unrealized gains/ ( losses ) on investment securities in accumulated depreciation . for the nonregulated portion of river bend , entergy gulf states has recorded an offsetting amount of unrealized gains/ ( losses ) in other deferred credits . system energy's offsetting amount of unrealized gains/ ( losses ) on investment securities is in other regulatory liabilities . derivatives and hedging entergy implemented sfas 133 , 201caccounting for derivative instruments and hedging activities 201d on january 1 , 2001 . the statement requires that all derivatives be recognized in the balance sheet , either as assets or liabilities , at fair value . the changes in the fair value of derivatives are recorded each period in current earnings or other comprehensive income , depending on whether a derivative is designated as part of a hedge transaction and , if it is , the type of hedge transaction . for cash-flow hedge transactions in which entergy is hedging the variability of cash flows related to a variable-rate asset , liability , or forecasted transaction , changes in the fair value of the derivative instrument are reported in other comprehensive income . the gains and losses on the derivative instrument that are reported in other comprehensive income are reclassified as earnings in the periods in which earnings are impacted by the variability of the cash flows of the hedged item . the ineffective portions of all hedges are recognized in current- period earnings . contracts for commodities that will be delivered in quantities expected to be used or sold in the ordinary course of business , including certain purchases and sales of power and fuel , are not classified as derivatives. .
Question: what was the value of deposits in 2001 to gulf states?
Answer: 18.5
Question: what was the value of deposits in 2002 to gulf states?
| 1.4 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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domestic utility companies and system energy notes to respective financial statements derived from another portion of the entity that continues to apply sfas 71 should not be written off ; rather , they should be considered regulatory assets of the segment that will continue to apply sfas 71 . see note 2 to the domestic utility companies and system energy financial statements for discussion of transition to competition activity in the retail regulatory jurisdictions served by the domestic utility companies . only texas currently has an enacted retail open access law , but entergy believes that significant issues remain to be addressed by regulators , and the enacted law does not provide sufficient detail to reasonably determine the impact on entergy gulf states' regulated operations . cash and cash equivalents entergy considers all unrestricted highly liquid debt instruments purchased with an original maturity of three months or less to be cash equivalents . investments with original maturities of more than three months are classified as other temporary investments on the balance sheet . investments entergy applies the provisions of sfas 115 , 201caccounting for investments for certain debt and equity securities , 201d in accounting for investments in decommissioning trust funds . as a result , entergy records the decommissioning trust funds at their fair value on the balance sheet . as of december 31 , 2002 and 2001 , the fair value of the securities held in such funds differs from the amounts deposited plus the earnings on the deposits by the following ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2002</td><td>2001</td></tr><tr><td>2</td><td>entergy arkansas</td><td>$ 35.3</td><td>$ 69.8</td></tr><tr><td>3</td><td>entergy gulf states</td><td>$ 1.4</td><td>$ 18.5</td></tr><tr><td>4</td><td>entergy louisiana</td><td>( $ 0.3 )</td><td>$ 8.2</td></tr><tr><td>5</td><td>system energy</td><td>( $ 14.5 )</td><td>( $ 1.6 )</td></tr></table> in accordance with the regulatory treatment for decommissioning trust funds , entergy arkansas , entergy gulf states ( for the regulated portion of river bend ) , and entergy louisiana have recorded an offsetting amount of unrealized gains/ ( losses ) on investment securities in accumulated depreciation . for the nonregulated portion of river bend , entergy gulf states has recorded an offsetting amount of unrealized gains/ ( losses ) in other deferred credits . system energy's offsetting amount of unrealized gains/ ( losses ) on investment securities is in other regulatory liabilities . derivatives and hedging entergy implemented sfas 133 , 201caccounting for derivative instruments and hedging activities 201d on january 1 , 2001 . the statement requires that all derivatives be recognized in the balance sheet , either as assets or liabilities , at fair value . the changes in the fair value of derivatives are recorded each period in current earnings or other comprehensive income , depending on whether a derivative is designated as part of a hedge transaction and , if it is , the type of hedge transaction . for cash-flow hedge transactions in which entergy is hedging the variability of cash flows related to a variable-rate asset , liability , or forecasted transaction , changes in the fair value of the derivative instrument are reported in other comprehensive income . the gains and losses on the derivative instrument that are reported in other comprehensive income are reclassified as earnings in the periods in which earnings are impacted by the variability of the cash flows of the hedged item . the ineffective portions of all hedges are recognized in current- period earnings . contracts for commodities that will be delivered in quantities expected to be used or sold in the ordinary course of business , including certain purchases and sales of power and fuel , are not classified as derivatives. .
Question: what was the value of deposits in 2001 to gulf states?
Answer: 18.5
Question: what was the value of deposits in 2002 to gulf states?
Answer: 1.4
Question: what is the net change in value?
| 17.1 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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domestic utility companies and system energy notes to respective financial statements derived from another portion of the entity that continues to apply sfas 71 should not be written off ; rather , they should be considered regulatory assets of the segment that will continue to apply sfas 71 . see note 2 to the domestic utility companies and system energy financial statements for discussion of transition to competition activity in the retail regulatory jurisdictions served by the domestic utility companies . only texas currently has an enacted retail open access law , but entergy believes that significant issues remain to be addressed by regulators , and the enacted law does not provide sufficient detail to reasonably determine the impact on entergy gulf states' regulated operations . cash and cash equivalents entergy considers all unrestricted highly liquid debt instruments purchased with an original maturity of three months or less to be cash equivalents . investments with original maturities of more than three months are classified as other temporary investments on the balance sheet . investments entergy applies the provisions of sfas 115 , 201caccounting for investments for certain debt and equity securities , 201d in accounting for investments in decommissioning trust funds . as a result , entergy records the decommissioning trust funds at their fair value on the balance sheet . as of december 31 , 2002 and 2001 , the fair value of the securities held in such funds differs from the amounts deposited plus the earnings on the deposits by the following ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2002</td><td>2001</td></tr><tr><td>2</td><td>entergy arkansas</td><td>$ 35.3</td><td>$ 69.8</td></tr><tr><td>3</td><td>entergy gulf states</td><td>$ 1.4</td><td>$ 18.5</td></tr><tr><td>4</td><td>entergy louisiana</td><td>( $ 0.3 )</td><td>$ 8.2</td></tr><tr><td>5</td><td>system energy</td><td>( $ 14.5 )</td><td>( $ 1.6 )</td></tr></table> in accordance with the regulatory treatment for decommissioning trust funds , entergy arkansas , entergy gulf states ( for the regulated portion of river bend ) , and entergy louisiana have recorded an offsetting amount of unrealized gains/ ( losses ) on investment securities in accumulated depreciation . for the nonregulated portion of river bend , entergy gulf states has recorded an offsetting amount of unrealized gains/ ( losses ) in other deferred credits . system energy's offsetting amount of unrealized gains/ ( losses ) on investment securities is in other regulatory liabilities . derivatives and hedging entergy implemented sfas 133 , 201caccounting for derivative instruments and hedging activities 201d on january 1 , 2001 . the statement requires that all derivatives be recognized in the balance sheet , either as assets or liabilities , at fair value . the changes in the fair value of derivatives are recorded each period in current earnings or other comprehensive income , depending on whether a derivative is designated as part of a hedge transaction and , if it is , the type of hedge transaction . for cash-flow hedge transactions in which entergy is hedging the variability of cash flows related to a variable-rate asset , liability , or forecasted transaction , changes in the fair value of the derivative instrument are reported in other comprehensive income . the gains and losses on the derivative instrument that are reported in other comprehensive income are reclassified as earnings in the periods in which earnings are impacted by the variability of the cash flows of the hedged item . the ineffective portions of all hedges are recognized in current- period earnings . contracts for commodities that will be delivered in quantities expected to be used or sold in the ordinary course of business , including certain purchases and sales of power and fuel , are not classified as derivatives. .
Question: what was the value of deposits in 2001 to gulf states?
Answer: 18.5
Question: what was the value of deposits in 2002 to gulf states?
Answer: 1.4
Question: what is the net change in value?
Answer: 17.1
Question: what is the percent change?
| 12.21429 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2011 , 2010 , and 2009 may require the government to acquire an ownership interest and the current expectation of future losses . our evaluation indicated that the long-lived assets were no longer recoverable and , accordingly , they were written down to their estimated fair value of $ 24 million based on a discounted cash flow analysis . the long-lived assets had a carrying amount of $ 66 million prior to the recognition of asset impairment expense . kelanitissa is a build- operate-transfer ( bot ) generation facility and payments under its ppa are scheduled to decline over the ppa term . it is possible that further impairment charges may be required in the future as kelanitissa gets closer to the bot date . kelanitissa is reported in the asia generation reportable segment . asset impairment expense for the year ended december 31 , 2010 consisted of : ( in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>2010 ( in millions )</td></tr><tr><td>2</td><td>southland ( huntington beach )</td><td>$ 200</td></tr><tr><td>3</td><td>tisza ii</td><td>85</td></tr><tr><td>4</td><td>deepwater</td><td>79</td></tr><tr><td>5</td><td>other</td><td>25</td></tr><tr><td>6</td><td>total</td><td>$ 389</td></tr></table> southland 2014in september 2010 , a new environmental policy on the use of ocean water to cool generation facilities was issued in california that requires generation plants to comply with the policy by december 31 , 2020 and would require significant capital expenditure or plants 2019 shutdown . the company 2019s huntington beach gas-fired generation facility in california , which is part of aes 2019 southland business , was impacted by the new policy . the company performed an asset impairment test and determined the fair value of the asset group using a discounted cash flow analysis . the carrying value of the asset group of $ 288 million exceeded the fair value of $ 88 million resulting in the recognition of asset impairment expense of $ 200 million for the year ended december 31 , 2010 . southland is reported in the north america generation reportable segment . tisza ii 2014during the third quarter of 2010 , the company entered into annual negotiations with the offtaker of tisza ii . as a result of these preliminary negotiations , as well as the further deterioration of the economic environment in hungary , the company determined that an indicator of impairment existed at september 30 , 2010 . thus , the company performed an asset impairment test and determined that based on the undiscounted cash flow analysis , the carrying amount of the tisza ii asset group was not recoverable . the fair value of the asset group was then determined using a discounted cash flow analysis . the carrying value of the tisza ii asset group of $ 160 million exceeded the fair value of $ 75 million resulting in the recognition of asset impairment expense of $ 85 million during the year ended december 31 , 2010 . deepwater 2014in 2010 , deepwater , our 160 mw petcoke-fired merchant power plant located in texas , experienced deteriorating market conditions due to increasing petcoke prices and diminishing power prices . as a result , deepwater incurred operating losses and was shut down from time to time to avoid negative operating margin . in the fourth quarter of 2010 , management concluded that , on an undiscounted cash flow basis , the carrying amount of the asset group was no longer recoverable . the fair value of deepwater was determined using a discounted cash flow analysis and $ 79 million of impairment expense was recognized . deepwater is reported in the north america generation reportable segment. .
Question: in 2010, what percentage did the deepwater write-down represent in relation the total of impairments?
| 0.20308 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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the aes corporation notes to consolidated financial statements 2014 ( continued ) december 31 , 2011 , 2010 , and 2009 may require the government to acquire an ownership interest and the current expectation of future losses . our evaluation indicated that the long-lived assets were no longer recoverable and , accordingly , they were written down to their estimated fair value of $ 24 million based on a discounted cash flow analysis . the long-lived assets had a carrying amount of $ 66 million prior to the recognition of asset impairment expense . kelanitissa is a build- operate-transfer ( bot ) generation facility and payments under its ppa are scheduled to decline over the ppa term . it is possible that further impairment charges may be required in the future as kelanitissa gets closer to the bot date . kelanitissa is reported in the asia generation reportable segment . asset impairment expense for the year ended december 31 , 2010 consisted of : ( in millions ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>2010 ( in millions )</td></tr><tr><td>2</td><td>southland ( huntington beach )</td><td>$ 200</td></tr><tr><td>3</td><td>tisza ii</td><td>85</td></tr><tr><td>4</td><td>deepwater</td><td>79</td></tr><tr><td>5</td><td>other</td><td>25</td></tr><tr><td>6</td><td>total</td><td>$ 389</td></tr></table> southland 2014in september 2010 , a new environmental policy on the use of ocean water to cool generation facilities was issued in california that requires generation plants to comply with the policy by december 31 , 2020 and would require significant capital expenditure or plants 2019 shutdown . the company 2019s huntington beach gas-fired generation facility in california , which is part of aes 2019 southland business , was impacted by the new policy . the company performed an asset impairment test and determined the fair value of the asset group using a discounted cash flow analysis . the carrying value of the asset group of $ 288 million exceeded the fair value of $ 88 million resulting in the recognition of asset impairment expense of $ 200 million for the year ended december 31 , 2010 . southland is reported in the north america generation reportable segment . tisza ii 2014during the third quarter of 2010 , the company entered into annual negotiations with the offtaker of tisza ii . as a result of these preliminary negotiations , as well as the further deterioration of the economic environment in hungary , the company determined that an indicator of impairment existed at september 30 , 2010 . thus , the company performed an asset impairment test and determined that based on the undiscounted cash flow analysis , the carrying amount of the tisza ii asset group was not recoverable . the fair value of the asset group was then determined using a discounted cash flow analysis . the carrying value of the tisza ii asset group of $ 160 million exceeded the fair value of $ 75 million resulting in the recognition of asset impairment expense of $ 85 million during the year ended december 31 , 2010 . deepwater 2014in 2010 , deepwater , our 160 mw petcoke-fired merchant power plant located in texas , experienced deteriorating market conditions due to increasing petcoke prices and diminishing power prices . as a result , deepwater incurred operating losses and was shut down from time to time to avoid negative operating margin . in the fourth quarter of 2010 , management concluded that , on an undiscounted cash flow basis , the carrying amount of the asset group was no longer recoverable . the fair value of deepwater was determined using a discounted cash flow analysis and $ 79 million of impairment expense was recognized . deepwater is reported in the north america generation reportable segment. .
Question: in 2010, what percentage did the deepwater write-down represent in relation the total of impairments?
Answer: 0.20308
Question: and concerning the huntington beach facility in california, what was the recognized asset impairment expense as a percentage of the total carrying value?
| 0.69444 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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reasonably possible that such matters will be resolved in the next twelve months , but we do not anticipate that the resolution of these matters would result in any material impact on our results of operations or financial position . foreign jurisdictions have statutes of limitations generally ranging from 3 to 5 years . years still open to examination by foreign tax authorities in major jurisdictions include australia ( 2003 onward ) , canada ( 2002 onward ) , france ( 2006 onward ) , germany ( 2005 onward ) , italy ( 2005 onward ) , japan ( 2002 onward ) , puerto rico ( 2005 onward ) , singapore ( 2003 onward ) , switzerland ( 2006 onward ) and the united kingdom ( 2006 onward ) . our tax returns are currently under examination in various foreign jurisdictions . the most significant foreign tax jurisdiction under examination is the united kingdom . it is reasonably possible that such audits will be resolved in the next twelve months , but we do not anticipate that the resolution of these audits would result in any material impact on our results of operations or financial position . 13 . capital stock and earnings per share we are authorized to issue 250 million shares of preferred stock , none of which were issued or outstanding as of december 31 , 2008 . the numerator for both basic and diluted earnings per share is net earnings available to common stockholders . the denominator for basic earnings per share is the weighted average number of common shares outstanding during the period . the denominator for diluted earnings per share is weighted average shares outstanding adjusted for the effect of dilutive stock options and other equity awards . the following is a reconciliation of weighted average shares for the basic and diluted share computations for the years ending december 31 ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>weighted average shares outstanding for basic net earnings per share</td><td>227.3</td><td>235.5</td><td>243.0</td></tr><tr><td>3</td><td>effect of dilutive stock options and other equity awards</td><td>1.0</td><td>2.0</td><td>2.4</td></tr><tr><td>4</td><td>weighted average shares outstanding for diluted net earnings per share</td><td>228.3</td><td>237.5</td><td>245.4</td></tr></table> weighted average shares outstanding for basic net earnings per share 227.3 235.5 243.0 effect of dilutive stock options and other equity awards 1.0 2.0 2.4 weighted average shares outstanding for diluted net earnings per share 228.3 237.5 245.4 for the year ended december 31 , 2008 , an average of 11.2 million options to purchase shares of common stock were not included in the computation of diluted earnings per share as the exercise prices of these options were greater than the average market price of the common stock . for the years ended december 31 , 2007 and 2006 , an average of 3.1 million and 7.6 million options , respectively , were not included . during 2008 , we repurchased approximately 10.8 million shares of our common stock at an average price of $ 68.72 per share for a total cash outlay of $ 737.0 million , including commissions . in april 2008 , we announced that our board of directors authorized a $ 1.25 billion share repurchase program which expires december 31 , 2009 . approximately $ 1.13 billion remains authorized under this plan . 14 . segment data we design , develop , manufacture and market orthopaedic and dental reconstructive implants , spinal implants , trauma products and related surgical products which include surgical supplies and instruments designed to aid in orthopaedic surgical procedures and post-operation rehabilitation . we also provide other healthcare-related services . revenue related to these services currently represents less than 1 percent of our total net sales . we manage operations through three major geographic segments 2013 the americas , which is comprised principally of the united states and includes other north , central and south american markets ; europe , which is comprised principally of europe and includes the middle east and africa ; and asia pacific , which is comprised primarily of japan and includes other asian and pacific markets . this structure is the basis for our reportable segment information discussed below . management evaluates operating segment performance based upon segment operating profit exclusive of operating expenses pertaining to global operations and corporate expenses , share-based compensation expense , settlement , certain claims , acquisition , integration and other expenses , inventory step-up , in-process research and development write-offs and intangible asset amortization expense . global operations include research , development engineering , medical education , brand management , corporate legal , finance , and human resource functions , and u.s . and puerto rico-based manufacturing operations and logistics . intercompany transactions have been eliminated from segment operating profit . management reviews accounts receivable , inventory , property , plant and equipment , goodwill and intangible assets by reportable segment exclusive of u.s and puerto rico-based manufacturing operations and logistics and corporate assets . z i m m e r h o l d i n g s , i n c . 2 0 0 8 f o r m 1 0 - k a n n u a l r e p o r t notes to consolidated financial statements ( continued ) %%transmsg*** transmitting job : c48761 pcn : 058000000 ***%%pcmsg|58 |00011|yes|no|02/24/2009 19:25|0|0|page is valid , no graphics -- color : d| .
Question: what was the weighted average shares outstanding for diluted net earnings per share in 2008?
| 228.3 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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reasonably possible that such matters will be resolved in the next twelve months , but we do not anticipate that the resolution of these matters would result in any material impact on our results of operations or financial position . foreign jurisdictions have statutes of limitations generally ranging from 3 to 5 years . years still open to examination by foreign tax authorities in major jurisdictions include australia ( 2003 onward ) , canada ( 2002 onward ) , france ( 2006 onward ) , germany ( 2005 onward ) , italy ( 2005 onward ) , japan ( 2002 onward ) , puerto rico ( 2005 onward ) , singapore ( 2003 onward ) , switzerland ( 2006 onward ) and the united kingdom ( 2006 onward ) . our tax returns are currently under examination in various foreign jurisdictions . the most significant foreign tax jurisdiction under examination is the united kingdom . it is reasonably possible that such audits will be resolved in the next twelve months , but we do not anticipate that the resolution of these audits would result in any material impact on our results of operations or financial position . 13 . capital stock and earnings per share we are authorized to issue 250 million shares of preferred stock , none of which were issued or outstanding as of december 31 , 2008 . the numerator for both basic and diluted earnings per share is net earnings available to common stockholders . the denominator for basic earnings per share is the weighted average number of common shares outstanding during the period . the denominator for diluted earnings per share is weighted average shares outstanding adjusted for the effect of dilutive stock options and other equity awards . the following is a reconciliation of weighted average shares for the basic and diluted share computations for the years ending december 31 ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>weighted average shares outstanding for basic net earnings per share</td><td>227.3</td><td>235.5</td><td>243.0</td></tr><tr><td>3</td><td>effect of dilutive stock options and other equity awards</td><td>1.0</td><td>2.0</td><td>2.4</td></tr><tr><td>4</td><td>weighted average shares outstanding for diluted net earnings per share</td><td>228.3</td><td>237.5</td><td>245.4</td></tr></table> weighted average shares outstanding for basic net earnings per share 227.3 235.5 243.0 effect of dilutive stock options and other equity awards 1.0 2.0 2.4 weighted average shares outstanding for diluted net earnings per share 228.3 237.5 245.4 for the year ended december 31 , 2008 , an average of 11.2 million options to purchase shares of common stock were not included in the computation of diluted earnings per share as the exercise prices of these options were greater than the average market price of the common stock . for the years ended december 31 , 2007 and 2006 , an average of 3.1 million and 7.6 million options , respectively , were not included . during 2008 , we repurchased approximately 10.8 million shares of our common stock at an average price of $ 68.72 per share for a total cash outlay of $ 737.0 million , including commissions . in april 2008 , we announced that our board of directors authorized a $ 1.25 billion share repurchase program which expires december 31 , 2009 . approximately $ 1.13 billion remains authorized under this plan . 14 . segment data we design , develop , manufacture and market orthopaedic and dental reconstructive implants , spinal implants , trauma products and related surgical products which include surgical supplies and instruments designed to aid in orthopaedic surgical procedures and post-operation rehabilitation . we also provide other healthcare-related services . revenue related to these services currently represents less than 1 percent of our total net sales . we manage operations through three major geographic segments 2013 the americas , which is comprised principally of the united states and includes other north , central and south american markets ; europe , which is comprised principally of europe and includes the middle east and africa ; and asia pacific , which is comprised primarily of japan and includes other asian and pacific markets . this structure is the basis for our reportable segment information discussed below . management evaluates operating segment performance based upon segment operating profit exclusive of operating expenses pertaining to global operations and corporate expenses , share-based compensation expense , settlement , certain claims , acquisition , integration and other expenses , inventory step-up , in-process research and development write-offs and intangible asset amortization expense . global operations include research , development engineering , medical education , brand management , corporate legal , finance , and human resource functions , and u.s . and puerto rico-based manufacturing operations and logistics . intercompany transactions have been eliminated from segment operating profit . management reviews accounts receivable , inventory , property , plant and equipment , goodwill and intangible assets by reportable segment exclusive of u.s and puerto rico-based manufacturing operations and logistics and corporate assets . z i m m e r h o l d i n g s , i n c . 2 0 0 8 f o r m 1 0 - k a n n u a l r e p o r t notes to consolidated financial statements ( continued ) %%transmsg*** transmitting job : c48761 pcn : 058000000 ***%%pcmsg|58 |00011|yes|no|02/24/2009 19:25|0|0|page is valid , no graphics -- color : d| .
Question: what was the weighted average shares outstanding for diluted net earnings per share in 2008?
Answer: 228.3
Question: and in 2007?
| 237.5 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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reasonably possible that such matters will be resolved in the next twelve months , but we do not anticipate that the resolution of these matters would result in any material impact on our results of operations or financial position . foreign jurisdictions have statutes of limitations generally ranging from 3 to 5 years . years still open to examination by foreign tax authorities in major jurisdictions include australia ( 2003 onward ) , canada ( 2002 onward ) , france ( 2006 onward ) , germany ( 2005 onward ) , italy ( 2005 onward ) , japan ( 2002 onward ) , puerto rico ( 2005 onward ) , singapore ( 2003 onward ) , switzerland ( 2006 onward ) and the united kingdom ( 2006 onward ) . our tax returns are currently under examination in various foreign jurisdictions . the most significant foreign tax jurisdiction under examination is the united kingdom . it is reasonably possible that such audits will be resolved in the next twelve months , but we do not anticipate that the resolution of these audits would result in any material impact on our results of operations or financial position . 13 . capital stock and earnings per share we are authorized to issue 250 million shares of preferred stock , none of which were issued or outstanding as of december 31 , 2008 . the numerator for both basic and diluted earnings per share is net earnings available to common stockholders . the denominator for basic earnings per share is the weighted average number of common shares outstanding during the period . the denominator for diluted earnings per share is weighted average shares outstanding adjusted for the effect of dilutive stock options and other equity awards . the following is a reconciliation of weighted average shares for the basic and diluted share computations for the years ending december 31 ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>weighted average shares outstanding for basic net earnings per share</td><td>227.3</td><td>235.5</td><td>243.0</td></tr><tr><td>3</td><td>effect of dilutive stock options and other equity awards</td><td>1.0</td><td>2.0</td><td>2.4</td></tr><tr><td>4</td><td>weighted average shares outstanding for diluted net earnings per share</td><td>228.3</td><td>237.5</td><td>245.4</td></tr></table> weighted average shares outstanding for basic net earnings per share 227.3 235.5 243.0 effect of dilutive stock options and other equity awards 1.0 2.0 2.4 weighted average shares outstanding for diluted net earnings per share 228.3 237.5 245.4 for the year ended december 31 , 2008 , an average of 11.2 million options to purchase shares of common stock were not included in the computation of diluted earnings per share as the exercise prices of these options were greater than the average market price of the common stock . for the years ended december 31 , 2007 and 2006 , an average of 3.1 million and 7.6 million options , respectively , were not included . during 2008 , we repurchased approximately 10.8 million shares of our common stock at an average price of $ 68.72 per share for a total cash outlay of $ 737.0 million , including commissions . in april 2008 , we announced that our board of directors authorized a $ 1.25 billion share repurchase program which expires december 31 , 2009 . approximately $ 1.13 billion remains authorized under this plan . 14 . segment data we design , develop , manufacture and market orthopaedic and dental reconstructive implants , spinal implants , trauma products and related surgical products which include surgical supplies and instruments designed to aid in orthopaedic surgical procedures and post-operation rehabilitation . we also provide other healthcare-related services . revenue related to these services currently represents less than 1 percent of our total net sales . we manage operations through three major geographic segments 2013 the americas , which is comprised principally of the united states and includes other north , central and south american markets ; europe , which is comprised principally of europe and includes the middle east and africa ; and asia pacific , which is comprised primarily of japan and includes other asian and pacific markets . this structure is the basis for our reportable segment information discussed below . management evaluates operating segment performance based upon segment operating profit exclusive of operating expenses pertaining to global operations and corporate expenses , share-based compensation expense , settlement , certain claims , acquisition , integration and other expenses , inventory step-up , in-process research and development write-offs and intangible asset amortization expense . global operations include research , development engineering , medical education , brand management , corporate legal , finance , and human resource functions , and u.s . and puerto rico-based manufacturing operations and logistics . intercompany transactions have been eliminated from segment operating profit . management reviews accounts receivable , inventory , property , plant and equipment , goodwill and intangible assets by reportable segment exclusive of u.s and puerto rico-based manufacturing operations and logistics and corporate assets . z i m m e r h o l d i n g s , i n c . 2 0 0 8 f o r m 1 0 - k a n n u a l r e p o r t notes to consolidated financial statements ( continued ) %%transmsg*** transmitting job : c48761 pcn : 058000000 ***%%pcmsg|58 |00011|yes|no|02/24/2009 19:25|0|0|page is valid , no graphics -- color : d| .
Question: what was the weighted average shares outstanding for diluted net earnings per share in 2008?
Answer: 228.3
Question: and in 2007?
Answer: 237.5
Question: so what was the difference between these two years?
| -9.2 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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reasonably possible that such matters will be resolved in the next twelve months , but we do not anticipate that the resolution of these matters would result in any material impact on our results of operations or financial position . foreign jurisdictions have statutes of limitations generally ranging from 3 to 5 years . years still open to examination by foreign tax authorities in major jurisdictions include australia ( 2003 onward ) , canada ( 2002 onward ) , france ( 2006 onward ) , germany ( 2005 onward ) , italy ( 2005 onward ) , japan ( 2002 onward ) , puerto rico ( 2005 onward ) , singapore ( 2003 onward ) , switzerland ( 2006 onward ) and the united kingdom ( 2006 onward ) . our tax returns are currently under examination in various foreign jurisdictions . the most significant foreign tax jurisdiction under examination is the united kingdom . it is reasonably possible that such audits will be resolved in the next twelve months , but we do not anticipate that the resolution of these audits would result in any material impact on our results of operations or financial position . 13 . capital stock and earnings per share we are authorized to issue 250 million shares of preferred stock , none of which were issued or outstanding as of december 31 , 2008 . the numerator for both basic and diluted earnings per share is net earnings available to common stockholders . the denominator for basic earnings per share is the weighted average number of common shares outstanding during the period . the denominator for diluted earnings per share is weighted average shares outstanding adjusted for the effect of dilutive stock options and other equity awards . the following is a reconciliation of weighted average shares for the basic and diluted share computations for the years ending december 31 ( in millions ) : . <table class='wikitable'><tr><td>1</td><td>-</td><td>2008</td><td>2007</td><td>2006</td></tr><tr><td>2</td><td>weighted average shares outstanding for basic net earnings per share</td><td>227.3</td><td>235.5</td><td>243.0</td></tr><tr><td>3</td><td>effect of dilutive stock options and other equity awards</td><td>1.0</td><td>2.0</td><td>2.4</td></tr><tr><td>4</td><td>weighted average shares outstanding for diluted net earnings per share</td><td>228.3</td><td>237.5</td><td>245.4</td></tr></table> weighted average shares outstanding for basic net earnings per share 227.3 235.5 243.0 effect of dilutive stock options and other equity awards 1.0 2.0 2.4 weighted average shares outstanding for diluted net earnings per share 228.3 237.5 245.4 for the year ended december 31 , 2008 , an average of 11.2 million options to purchase shares of common stock were not included in the computation of diluted earnings per share as the exercise prices of these options were greater than the average market price of the common stock . for the years ended december 31 , 2007 and 2006 , an average of 3.1 million and 7.6 million options , respectively , were not included . during 2008 , we repurchased approximately 10.8 million shares of our common stock at an average price of $ 68.72 per share for a total cash outlay of $ 737.0 million , including commissions . in april 2008 , we announced that our board of directors authorized a $ 1.25 billion share repurchase program which expires december 31 , 2009 . approximately $ 1.13 billion remains authorized under this plan . 14 . segment data we design , develop , manufacture and market orthopaedic and dental reconstructive implants , spinal implants , trauma products and related surgical products which include surgical supplies and instruments designed to aid in orthopaedic surgical procedures and post-operation rehabilitation . we also provide other healthcare-related services . revenue related to these services currently represents less than 1 percent of our total net sales . we manage operations through three major geographic segments 2013 the americas , which is comprised principally of the united states and includes other north , central and south american markets ; europe , which is comprised principally of europe and includes the middle east and africa ; and asia pacific , which is comprised primarily of japan and includes other asian and pacific markets . this structure is the basis for our reportable segment information discussed below . management evaluates operating segment performance based upon segment operating profit exclusive of operating expenses pertaining to global operations and corporate expenses , share-based compensation expense , settlement , certain claims , acquisition , integration and other expenses , inventory step-up , in-process research and development write-offs and intangible asset amortization expense . global operations include research , development engineering , medical education , brand management , corporate legal , finance , and human resource functions , and u.s . and puerto rico-based manufacturing operations and logistics . intercompany transactions have been eliminated from segment operating profit . management reviews accounts receivable , inventory , property , plant and equipment , goodwill and intangible assets by reportable segment exclusive of u.s and puerto rico-based manufacturing operations and logistics and corporate assets . z i m m e r h o l d i n g s , i n c . 2 0 0 8 f o r m 1 0 - k a n n u a l r e p o r t notes to consolidated financial statements ( continued ) %%transmsg*** transmitting job : c48761 pcn : 058000000 ***%%pcmsg|58 |00011|yes|no|02/24/2009 19:25|0|0|page is valid , no graphics -- color : d| .
Question: what was the weighted average shares outstanding for diluted net earnings per share in 2008?
Answer: 228.3
Question: and in 2007?
Answer: 237.5
Question: so what was the difference between these two years?
Answer: -9.2
Question: and the percentage change?
| -0.03874 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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notes to consolidated financial statements ( continued ) management performs detailed reviews of its receivables on a monthly and/or quarterly basis to assess the adequacy of the allowances based on historical and current trends and other factors affecting credit losses and to determine if any impairment has occurred . a receivable is impaired when it is probable that all amounts related to the receivable will not be collected according to the contractual terms of the agreement . in circumstances where the company is aware of a specific customer 2019s inability to meet its financial obligations , a specific reserve is recorded against amounts due to reduce the net recognized receivable to the amount reasonably expected to be collected . additions to the allowances for doubtful accounts are maintained through adjustments to the provision for credit losses , which are charged to current period earnings ; amounts determined to be uncollectable are charged directly against the allowances , while amounts recovered on previously charged-off accounts increase the allowances . net charge-offs include the principal amount of losses charged off as well as charged-off interest and fees . recovered interest and fees previously charged-off are recorded through the allowances for doubtful accounts and increase the allowances . finance receivables are assessed for charge- off when an account becomes 120 days past due and are charged-off typically within 60 days of asset repossession . contract receivables related to equipment leases are generally charged-off when an account becomes 150 days past due , while contract receivables related to franchise finance and van leases are generally charged off up to 180 days past the asset return . for finance and contract receivables , customer bankruptcies are generally charged-off upon notification that the associated debt is not being reaffirmed or , in any event , no later than 180 days past due . snap-on does not believe that its trade accounts , finance or contract receivables represent significant concentrations of credit risk because of the diversified portfolio of individual customers and geographical areas . see note 3 for further information on receivables and allowances for doubtful accounts . other accrued liabilities : supplemental balance sheet information for 201cother accrued liabilities 201d as of 2012 and 2011 year end is as follows : ( amounts in millions ) 2012 2011 . <table class='wikitable'><tr><td>1</td><td>( amounts in millions )</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>income taxes</td><td>$ 19.6</td><td>$ 11.7</td></tr><tr><td>3</td><td>accrued restructuring</td><td>7.2</td><td>8.4</td></tr><tr><td>4</td><td>accrued warranty</td><td>18.9</td><td>18.6</td></tr><tr><td>5</td><td>deferred subscription revenue</td><td>24.8</td><td>24.9</td></tr><tr><td>6</td><td>accrued property payroll and other tax</td><td>32.9</td><td>30.4</td></tr><tr><td>7</td><td>accrued selling and promotion expense</td><td>26.6</td><td>29.1</td></tr><tr><td>8</td><td>other</td><td>117.9</td><td>132.8</td></tr><tr><td>9</td><td>total other accrued liabilities</td><td>$ 247.9</td><td>$ 255.9</td></tr></table> inventories : snap-on values its inventory at the lower of cost or market and adjusts for the value of inventory that is estimated to be excess , obsolete or otherwise unmarketable . snap-on records allowances for excess and obsolete inventory based on historical and estimated future demand and market conditions . allowances for raw materials are largely based on an analysis of raw material age and actual physical inspection of raw material for fitness for use . as part of evaluating the adequacy of allowances for work-in-progress and finished goods , management reviews individual product stock-keeping units ( skus ) by product category and product life cycle . cost adjustments for each product category/product life-cycle state are generally established and maintained based on a combination of historical experience , forecasted sales and promotions , technological obsolescence , inventory age and other actual known conditions and circumstances . should actual product marketability and raw material fitness for use be affected by conditions that are different from management estimates , further adjustments to inventory allowances may be required . snap-on adopted the 201clast-in , first-out 201d ( 201clifo 201d ) inventory valuation method in 1973 for its u.s . locations . snap-on 2019s u.s . inventories accounted for on a lifo basis consist of purchased product and inventory manufactured at the company 2019s heritage u.s . manufacturing facilities ( primarily hand tools and tool storage ) . as snap-on began acquiring businesses in the 1990 2019s , the company retained the 201cfirst-in , first-out 201d ( 201cfifo 201d ) inventory valuation methodology used by the predecessor businesses prior to their acquisition by snap-on ; the company does not adopt the lifo inventory valuation methodology for new acquisitions . see note 4 for further information on inventories . 72 snap-on incorporated .
Question: what was the value of total other accrued liabilities in 2012?
| 247.9 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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notes to consolidated financial statements ( continued ) management performs detailed reviews of its receivables on a monthly and/or quarterly basis to assess the adequacy of the allowances based on historical and current trends and other factors affecting credit losses and to determine if any impairment has occurred . a receivable is impaired when it is probable that all amounts related to the receivable will not be collected according to the contractual terms of the agreement . in circumstances where the company is aware of a specific customer 2019s inability to meet its financial obligations , a specific reserve is recorded against amounts due to reduce the net recognized receivable to the amount reasonably expected to be collected . additions to the allowances for doubtful accounts are maintained through adjustments to the provision for credit losses , which are charged to current period earnings ; amounts determined to be uncollectable are charged directly against the allowances , while amounts recovered on previously charged-off accounts increase the allowances . net charge-offs include the principal amount of losses charged off as well as charged-off interest and fees . recovered interest and fees previously charged-off are recorded through the allowances for doubtful accounts and increase the allowances . finance receivables are assessed for charge- off when an account becomes 120 days past due and are charged-off typically within 60 days of asset repossession . contract receivables related to equipment leases are generally charged-off when an account becomes 150 days past due , while contract receivables related to franchise finance and van leases are generally charged off up to 180 days past the asset return . for finance and contract receivables , customer bankruptcies are generally charged-off upon notification that the associated debt is not being reaffirmed or , in any event , no later than 180 days past due . snap-on does not believe that its trade accounts , finance or contract receivables represent significant concentrations of credit risk because of the diversified portfolio of individual customers and geographical areas . see note 3 for further information on receivables and allowances for doubtful accounts . other accrued liabilities : supplemental balance sheet information for 201cother accrued liabilities 201d as of 2012 and 2011 year end is as follows : ( amounts in millions ) 2012 2011 . <table class='wikitable'><tr><td>1</td><td>( amounts in millions )</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>income taxes</td><td>$ 19.6</td><td>$ 11.7</td></tr><tr><td>3</td><td>accrued restructuring</td><td>7.2</td><td>8.4</td></tr><tr><td>4</td><td>accrued warranty</td><td>18.9</td><td>18.6</td></tr><tr><td>5</td><td>deferred subscription revenue</td><td>24.8</td><td>24.9</td></tr><tr><td>6</td><td>accrued property payroll and other tax</td><td>32.9</td><td>30.4</td></tr><tr><td>7</td><td>accrued selling and promotion expense</td><td>26.6</td><td>29.1</td></tr><tr><td>8</td><td>other</td><td>117.9</td><td>132.8</td></tr><tr><td>9</td><td>total other accrued liabilities</td><td>$ 247.9</td><td>$ 255.9</td></tr></table> inventories : snap-on values its inventory at the lower of cost or market and adjusts for the value of inventory that is estimated to be excess , obsolete or otherwise unmarketable . snap-on records allowances for excess and obsolete inventory based on historical and estimated future demand and market conditions . allowances for raw materials are largely based on an analysis of raw material age and actual physical inspection of raw material for fitness for use . as part of evaluating the adequacy of allowances for work-in-progress and finished goods , management reviews individual product stock-keeping units ( skus ) by product category and product life cycle . cost adjustments for each product category/product life-cycle state are generally established and maintained based on a combination of historical experience , forecasted sales and promotions , technological obsolescence , inventory age and other actual known conditions and circumstances . should actual product marketability and raw material fitness for use be affected by conditions that are different from management estimates , further adjustments to inventory allowances may be required . snap-on adopted the 201clast-in , first-out 201d ( 201clifo 201d ) inventory valuation method in 1973 for its u.s . locations . snap-on 2019s u.s . inventories accounted for on a lifo basis consist of purchased product and inventory manufactured at the company 2019s heritage u.s . manufacturing facilities ( primarily hand tools and tool storage ) . as snap-on began acquiring businesses in the 1990 2019s , the company retained the 201cfirst-in , first-out 201d ( 201cfifo 201d ) inventory valuation methodology used by the predecessor businesses prior to their acquisition by snap-on ; the company does not adopt the lifo inventory valuation methodology for new acquisitions . see note 4 for further information on inventories . 72 snap-on incorporated .
Question: what was the value of total other accrued liabilities in 2012?
Answer: 247.9
Question: what was the value in 2011?
| 255.9 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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notes to consolidated financial statements ( continued ) management performs detailed reviews of its receivables on a monthly and/or quarterly basis to assess the adequacy of the allowances based on historical and current trends and other factors affecting credit losses and to determine if any impairment has occurred . a receivable is impaired when it is probable that all amounts related to the receivable will not be collected according to the contractual terms of the agreement . in circumstances where the company is aware of a specific customer 2019s inability to meet its financial obligations , a specific reserve is recorded against amounts due to reduce the net recognized receivable to the amount reasonably expected to be collected . additions to the allowances for doubtful accounts are maintained through adjustments to the provision for credit losses , which are charged to current period earnings ; amounts determined to be uncollectable are charged directly against the allowances , while amounts recovered on previously charged-off accounts increase the allowances . net charge-offs include the principal amount of losses charged off as well as charged-off interest and fees . recovered interest and fees previously charged-off are recorded through the allowances for doubtful accounts and increase the allowances . finance receivables are assessed for charge- off when an account becomes 120 days past due and are charged-off typically within 60 days of asset repossession . contract receivables related to equipment leases are generally charged-off when an account becomes 150 days past due , while contract receivables related to franchise finance and van leases are generally charged off up to 180 days past the asset return . for finance and contract receivables , customer bankruptcies are generally charged-off upon notification that the associated debt is not being reaffirmed or , in any event , no later than 180 days past due . snap-on does not believe that its trade accounts , finance or contract receivables represent significant concentrations of credit risk because of the diversified portfolio of individual customers and geographical areas . see note 3 for further information on receivables and allowances for doubtful accounts . other accrued liabilities : supplemental balance sheet information for 201cother accrued liabilities 201d as of 2012 and 2011 year end is as follows : ( amounts in millions ) 2012 2011 . <table class='wikitable'><tr><td>1</td><td>( amounts in millions )</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>income taxes</td><td>$ 19.6</td><td>$ 11.7</td></tr><tr><td>3</td><td>accrued restructuring</td><td>7.2</td><td>8.4</td></tr><tr><td>4</td><td>accrued warranty</td><td>18.9</td><td>18.6</td></tr><tr><td>5</td><td>deferred subscription revenue</td><td>24.8</td><td>24.9</td></tr><tr><td>6</td><td>accrued property payroll and other tax</td><td>32.9</td><td>30.4</td></tr><tr><td>7</td><td>accrued selling and promotion expense</td><td>26.6</td><td>29.1</td></tr><tr><td>8</td><td>other</td><td>117.9</td><td>132.8</td></tr><tr><td>9</td><td>total other accrued liabilities</td><td>$ 247.9</td><td>$ 255.9</td></tr></table> inventories : snap-on values its inventory at the lower of cost or market and adjusts for the value of inventory that is estimated to be excess , obsolete or otherwise unmarketable . snap-on records allowances for excess and obsolete inventory based on historical and estimated future demand and market conditions . allowances for raw materials are largely based on an analysis of raw material age and actual physical inspection of raw material for fitness for use . as part of evaluating the adequacy of allowances for work-in-progress and finished goods , management reviews individual product stock-keeping units ( skus ) by product category and product life cycle . cost adjustments for each product category/product life-cycle state are generally established and maintained based on a combination of historical experience , forecasted sales and promotions , technological obsolescence , inventory age and other actual known conditions and circumstances . should actual product marketability and raw material fitness for use be affected by conditions that are different from management estimates , further adjustments to inventory allowances may be required . snap-on adopted the 201clast-in , first-out 201d ( 201clifo 201d ) inventory valuation method in 1973 for its u.s . locations . snap-on 2019s u.s . inventories accounted for on a lifo basis consist of purchased product and inventory manufactured at the company 2019s heritage u.s . manufacturing facilities ( primarily hand tools and tool storage ) . as snap-on began acquiring businesses in the 1990 2019s , the company retained the 201cfirst-in , first-out 201d ( 201cfifo 201d ) inventory valuation methodology used by the predecessor businesses prior to their acquisition by snap-on ; the company does not adopt the lifo inventory valuation methodology for new acquisitions . see note 4 for further information on inventories . 72 snap-on incorporated .
Question: what was the value of total other accrued liabilities in 2012?
Answer: 247.9
Question: what was the value in 2011?
Answer: 255.9
Question: what is the net change?
| -8.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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notes to consolidated financial statements ( continued ) management performs detailed reviews of its receivables on a monthly and/or quarterly basis to assess the adequacy of the allowances based on historical and current trends and other factors affecting credit losses and to determine if any impairment has occurred . a receivable is impaired when it is probable that all amounts related to the receivable will not be collected according to the contractual terms of the agreement . in circumstances where the company is aware of a specific customer 2019s inability to meet its financial obligations , a specific reserve is recorded against amounts due to reduce the net recognized receivable to the amount reasonably expected to be collected . additions to the allowances for doubtful accounts are maintained through adjustments to the provision for credit losses , which are charged to current period earnings ; amounts determined to be uncollectable are charged directly against the allowances , while amounts recovered on previously charged-off accounts increase the allowances . net charge-offs include the principal amount of losses charged off as well as charged-off interest and fees . recovered interest and fees previously charged-off are recorded through the allowances for doubtful accounts and increase the allowances . finance receivables are assessed for charge- off when an account becomes 120 days past due and are charged-off typically within 60 days of asset repossession . contract receivables related to equipment leases are generally charged-off when an account becomes 150 days past due , while contract receivables related to franchise finance and van leases are generally charged off up to 180 days past the asset return . for finance and contract receivables , customer bankruptcies are generally charged-off upon notification that the associated debt is not being reaffirmed or , in any event , no later than 180 days past due . snap-on does not believe that its trade accounts , finance or contract receivables represent significant concentrations of credit risk because of the diversified portfolio of individual customers and geographical areas . see note 3 for further information on receivables and allowances for doubtful accounts . other accrued liabilities : supplemental balance sheet information for 201cother accrued liabilities 201d as of 2012 and 2011 year end is as follows : ( amounts in millions ) 2012 2011 . <table class='wikitable'><tr><td>1</td><td>( amounts in millions )</td><td>2012</td><td>2011</td></tr><tr><td>2</td><td>income taxes</td><td>$ 19.6</td><td>$ 11.7</td></tr><tr><td>3</td><td>accrued restructuring</td><td>7.2</td><td>8.4</td></tr><tr><td>4</td><td>accrued warranty</td><td>18.9</td><td>18.6</td></tr><tr><td>5</td><td>deferred subscription revenue</td><td>24.8</td><td>24.9</td></tr><tr><td>6</td><td>accrued property payroll and other tax</td><td>32.9</td><td>30.4</td></tr><tr><td>7</td><td>accrued selling and promotion expense</td><td>26.6</td><td>29.1</td></tr><tr><td>8</td><td>other</td><td>117.9</td><td>132.8</td></tr><tr><td>9</td><td>total other accrued liabilities</td><td>$ 247.9</td><td>$ 255.9</td></tr></table> inventories : snap-on values its inventory at the lower of cost or market and adjusts for the value of inventory that is estimated to be excess , obsolete or otherwise unmarketable . snap-on records allowances for excess and obsolete inventory based on historical and estimated future demand and market conditions . allowances for raw materials are largely based on an analysis of raw material age and actual physical inspection of raw material for fitness for use . as part of evaluating the adequacy of allowances for work-in-progress and finished goods , management reviews individual product stock-keeping units ( skus ) by product category and product life cycle . cost adjustments for each product category/product life-cycle state are generally established and maintained based on a combination of historical experience , forecasted sales and promotions , technological obsolescence , inventory age and other actual known conditions and circumstances . should actual product marketability and raw material fitness for use be affected by conditions that are different from management estimates , further adjustments to inventory allowances may be required . snap-on adopted the 201clast-in , first-out 201d ( 201clifo 201d ) inventory valuation method in 1973 for its u.s . locations . snap-on 2019s u.s . inventories accounted for on a lifo basis consist of purchased product and inventory manufactured at the company 2019s heritage u.s . manufacturing facilities ( primarily hand tools and tool storage ) . as snap-on began acquiring businesses in the 1990 2019s , the company retained the 201cfirst-in , first-out 201d ( 201cfifo 201d ) inventory valuation methodology used by the predecessor businesses prior to their acquisition by snap-on ; the company does not adopt the lifo inventory valuation methodology for new acquisitions . see note 4 for further information on inventories . 72 snap-on incorporated .
Question: what was the value of total other accrued liabilities in 2012?
Answer: 247.9
Question: what was the value in 2011?
Answer: 255.9
Question: what is the net change?
Answer: -8.0
Question: what is the net change divided by the 2011 value?
| -0.03126 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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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 stockholders approved the 2006 plan in may 2006 . the 2006 plan was amended and restated in december 2008 to reflect that republic services , inc . is the new sponsor of the plan , that any references to shares of common stock is to shares of common stock of republic services , inc. , and to adjust outstanding awards and the number of shares available under the plan to reflect the acquisition . the 2006 plan , as amended and restated , provides 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 acquisition . awards may be granted under the 2006 plan , as amended and restated , after december 5 , 2008 only to employees and consultants of allied waste industries , inc . and its subsidiaries who were not employed by republic services , inc . prior to such date . at december 31 , 2012 , there were approximately 15.5 million shares of common stock reserved for future grants under the 2006 plan . stock options we use a 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 period 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 , 2012 , 2011 and 2010 were $ 4.77 , $ 5.35 and $ 5.28 per option , respectively , which were calculated using the following weighted-average assumptions: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2012</td><td>2011</td><td>2010</td></tr><tr><td>2</td><td>expected volatility</td><td>27.8% ( 27.8 % )</td><td>27.3% ( 27.3 % )</td><td>28.6% ( 28.6 % )</td></tr><tr><td>3</td><td>risk-free interest rate</td><td>0.8% ( 0.8 % )</td><td>1.7% ( 1.7 % )</td><td>2.4% ( 2.4 % )</td></tr><tr><td>4</td><td>dividend yield</td><td>3.2% ( 3.2 % )</td><td>2.7% ( 2.7 % )</td><td>2.9% ( 2.9 % )</td></tr><tr><td>5</td><td>expected life ( in years )</td><td>4.5</td><td>4.4</td><td>4.3</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> .
Question: what was the net change in the dividend yield percent from 2011 to 2012?
| 0.5 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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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 stockholders approved the 2006 plan in may 2006 . the 2006 plan was amended and restated in december 2008 to reflect that republic services , inc . is the new sponsor of the plan , that any references to shares of common stock is to shares of common stock of republic services , inc. , and to adjust outstanding awards and the number of shares available under the plan to reflect the acquisition . the 2006 plan , as amended and restated , provides 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 acquisition . awards may be granted under the 2006 plan , as amended and restated , after december 5 , 2008 only to employees and consultants of allied waste industries , inc . and its subsidiaries who were not employed by republic services , inc . prior to such date . at december 31 , 2012 , there were approximately 15.5 million shares of common stock reserved for future grants under the 2006 plan . stock options we use a 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 period 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 , 2012 , 2011 and 2010 were $ 4.77 , $ 5.35 and $ 5.28 per option , respectively , which were calculated using the following weighted-average assumptions: . <table class='wikitable'><tr><td>1</td><td>-</td><td>2012</td><td>2011</td><td>2010</td></tr><tr><td>2</td><td>expected volatility</td><td>27.8% ( 27.8 % )</td><td>27.3% ( 27.3 % )</td><td>28.6% ( 28.6 % )</td></tr><tr><td>3</td><td>risk-free interest rate</td><td>0.8% ( 0.8 % )</td><td>1.7% ( 1.7 % )</td><td>2.4% ( 2.4 % )</td></tr><tr><td>4</td><td>dividend yield</td><td>3.2% ( 3.2 % )</td><td>2.7% ( 2.7 % )</td><td>2.9% ( 2.9 % )</td></tr><tr><td>5</td><td>expected life ( in years )</td><td>4.5</td><td>4.4</td><td>4.3</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> .
Question: what was the net change in the dividend yield percent from 2011 to 2012?
Answer: 0.5
Question: what is that divided by the 2011 value?
| 0.18519 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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entergy corporation and subsidiaries notes to financial statements entergy new orleans securitization bonds - hurricane isaac in may 2015 the city council issued a financing order authorizing the issuance of securitization bonds to recover entergy new orleans 2019s hurricane isaac storm restoration costs of $ 31.8 million , including carrying costs , the costs of funding and replenishing the storm recovery reserve in the amount of $ 63.9 million , and approximately $ 3 million of up-front financing costs associated with the securitization . in july 2015 , entergy new orleans storm recovery funding i , l.l.c. , a company wholly owned and consolidated by entergy new orleans , issued $ 98.7 million of storm cost recovery bonds . the bonds have a coupon of 2.67% ( 2.67 % ) and an expected maturity date of june 2024 . although the principal amount is not due until the date given above , entergy new orleans storm recovery funding expects to make principal payments on the bonds over the next five years in the amounts of $ 11.4 million for 2016 , $ 10.6 million for 2017 , $ 11 million for 2018 , $ 11.2 million for 2019 , and $ 11.6 million for 2020 . with the proceeds , entergy new orleans storm recovery funding purchased from entergy new orleans the storm recovery property , which is the right to recover from customers through a storm recovery charge amounts sufficient to service the securitization bonds . the storm recovery property is reflected as a regulatory asset on the consolidated entergy new orleans balance sheet . the creditors of entergy new orleans do not have recourse to the assets or revenues of entergy new orleans storm recovery funding , including the storm recovery property , and the creditors of entergy new orleans storm recovery funding do not have recourse to the assets or revenues of entergy new orleans . entergy new orleans has no payment obligations to entergy new orleans storm recovery funding except to remit storm recovery charge collections . entergy texas securitization bonds - hurricane rita in april 2007 the puct issued a financing order authorizing the issuance of securitization bonds to recover $ 353 million of entergy texas 2019s hurricane rita reconstruction costs and up to $ 6 million of transaction costs , offset by $ 32 million of related deferred income tax benefits . in june 2007 , entergy gulf states reconstruction funding i , llc , a company that is now wholly-owned and consolidated by entergy texas , issued $ 329.5 million of senior secured transition bonds ( securitization bonds ) as follows : amount ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in thousands )</td></tr><tr><td>2</td><td>senior secured transition bonds series a:</td><td>-</td></tr><tr><td>3</td><td>tranche a-1 ( 5.51% ( 5.51 % ) ) due october 2013</td><td>$ 93500</td></tr><tr><td>4</td><td>tranche a-2 ( 5.79% ( 5.79 % ) ) due october 2018</td><td>121600</td></tr><tr><td>5</td><td>tranche a-3 ( 5.93% ( 5.93 % ) ) due june 2022</td><td>114400</td></tr><tr><td>6</td><td>total senior secured transition bonds</td><td>$ 329500</td></tr></table> although the principal amount of each tranche is not due until the dates given above , entergy gulf states reconstruction funding expects to make principal payments on the bonds over the next five years in the amounts of $ 26 million for 2016 , $ 27.6 million for 2017 , $ 29.2 million for 2018 , $ 30.9 million for 2019 , and $ 32.8 million for 2020 . all of the scheduled principal payments for 2016 are for tranche a-2 , $ 23.6 million of the scheduled principal payments for 2017 are for tranche a-2 and $ 4 million of the scheduled principal payments for 2017 are for tranche a-3 . all of the scheduled principal payments for 2018-2020 are for tranche a-3 . with the proceeds , entergy gulf states reconstruction funding purchased from entergy texas the transition property , which is the right to recover from customers through a transition charge amounts sufficient to service the securitization bonds . the transition property is reflected as a regulatory asset on the consolidated entergy texas balance sheet . the creditors of entergy texas do not have recourse to the assets or revenues of entergy gulf states reconstruction funding , including the transition property , and the creditors of entergy gulf states reconstruction funding do not have recourse to the assets or revenues of entergy texas . entergy texas has no payment obligations to entergy gulf states reconstruction funding except to remit transition charge collections. .
Question: what was the principal payment in 2020, in millions?
| 32.8 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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entergy corporation and subsidiaries notes to financial statements entergy new orleans securitization bonds - hurricane isaac in may 2015 the city council issued a financing order authorizing the issuance of securitization bonds to recover entergy new orleans 2019s hurricane isaac storm restoration costs of $ 31.8 million , including carrying costs , the costs of funding and replenishing the storm recovery reserve in the amount of $ 63.9 million , and approximately $ 3 million of up-front financing costs associated with the securitization . in july 2015 , entergy new orleans storm recovery funding i , l.l.c. , a company wholly owned and consolidated by entergy new orleans , issued $ 98.7 million of storm cost recovery bonds . the bonds have a coupon of 2.67% ( 2.67 % ) and an expected maturity date of june 2024 . although the principal amount is not due until the date given above , entergy new orleans storm recovery funding expects to make principal payments on the bonds over the next five years in the amounts of $ 11.4 million for 2016 , $ 10.6 million for 2017 , $ 11 million for 2018 , $ 11.2 million for 2019 , and $ 11.6 million for 2020 . with the proceeds , entergy new orleans storm recovery funding purchased from entergy new orleans the storm recovery property , which is the right to recover from customers through a storm recovery charge amounts sufficient to service the securitization bonds . the storm recovery property is reflected as a regulatory asset on the consolidated entergy new orleans balance sheet . the creditors of entergy new orleans do not have recourse to the assets or revenues of entergy new orleans storm recovery funding , including the storm recovery property , and the creditors of entergy new orleans storm recovery funding do not have recourse to the assets or revenues of entergy new orleans . entergy new orleans has no payment obligations to entergy new orleans storm recovery funding except to remit storm recovery charge collections . entergy texas securitization bonds - hurricane rita in april 2007 the puct issued a financing order authorizing the issuance of securitization bonds to recover $ 353 million of entergy texas 2019s hurricane rita reconstruction costs and up to $ 6 million of transaction costs , offset by $ 32 million of related deferred income tax benefits . in june 2007 , entergy gulf states reconstruction funding i , llc , a company that is now wholly-owned and consolidated by entergy texas , issued $ 329.5 million of senior secured transition bonds ( securitization bonds ) as follows : amount ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in thousands )</td></tr><tr><td>2</td><td>senior secured transition bonds series a:</td><td>-</td></tr><tr><td>3</td><td>tranche a-1 ( 5.51% ( 5.51 % ) ) due october 2013</td><td>$ 93500</td></tr><tr><td>4</td><td>tranche a-2 ( 5.79% ( 5.79 % ) ) due october 2018</td><td>121600</td></tr><tr><td>5</td><td>tranche a-3 ( 5.93% ( 5.93 % ) ) due june 2022</td><td>114400</td></tr><tr><td>6</td><td>total senior secured transition bonds</td><td>$ 329500</td></tr></table> although the principal amount of each tranche is not due until the dates given above , entergy gulf states reconstruction funding expects to make principal payments on the bonds over the next five years in the amounts of $ 26 million for 2016 , $ 27.6 million for 2017 , $ 29.2 million for 2018 , $ 30.9 million for 2019 , and $ 32.8 million for 2020 . all of the scheduled principal payments for 2016 are for tranche a-2 , $ 23.6 million of the scheduled principal payments for 2017 are for tranche a-2 and $ 4 million of the scheduled principal payments for 2017 are for tranche a-3 . all of the scheduled principal payments for 2018-2020 are for tranche a-3 . with the proceeds , entergy gulf states reconstruction funding purchased from entergy texas the transition property , which is the right to recover from customers through a transition charge amounts sufficient to service the securitization bonds . the transition property is reflected as a regulatory asset on the consolidated entergy texas balance sheet . the creditors of entergy texas do not have recourse to the assets or revenues of entergy gulf states reconstruction funding , including the transition property , and the creditors of entergy gulf states reconstruction funding do not have recourse to the assets or revenues of entergy texas . entergy texas has no payment obligations to entergy gulf states reconstruction funding except to remit transition charge collections. .
Question: what was the principal payment in 2020, in millions?
Answer: 32.8
Question: and how much would it be in thousands of dollars?
| 32800.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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entergy corporation and subsidiaries notes to financial statements entergy new orleans securitization bonds - hurricane isaac in may 2015 the city council issued a financing order authorizing the issuance of securitization bonds to recover entergy new orleans 2019s hurricane isaac storm restoration costs of $ 31.8 million , including carrying costs , the costs of funding and replenishing the storm recovery reserve in the amount of $ 63.9 million , and approximately $ 3 million of up-front financing costs associated with the securitization . in july 2015 , entergy new orleans storm recovery funding i , l.l.c. , a company wholly owned and consolidated by entergy new orleans , issued $ 98.7 million of storm cost recovery bonds . the bonds have a coupon of 2.67% ( 2.67 % ) and an expected maturity date of june 2024 . although the principal amount is not due until the date given above , entergy new orleans storm recovery funding expects to make principal payments on the bonds over the next five years in the amounts of $ 11.4 million for 2016 , $ 10.6 million for 2017 , $ 11 million for 2018 , $ 11.2 million for 2019 , and $ 11.6 million for 2020 . with the proceeds , entergy new orleans storm recovery funding purchased from entergy new orleans the storm recovery property , which is the right to recover from customers through a storm recovery charge amounts sufficient to service the securitization bonds . the storm recovery property is reflected as a regulatory asset on the consolidated entergy new orleans balance sheet . the creditors of entergy new orleans do not have recourse to the assets or revenues of entergy new orleans storm recovery funding , including the storm recovery property , and the creditors of entergy new orleans storm recovery funding do not have recourse to the assets or revenues of entergy new orleans . entergy new orleans has no payment obligations to entergy new orleans storm recovery funding except to remit storm recovery charge collections . entergy texas securitization bonds - hurricane rita in april 2007 the puct issued a financing order authorizing the issuance of securitization bonds to recover $ 353 million of entergy texas 2019s hurricane rita reconstruction costs and up to $ 6 million of transaction costs , offset by $ 32 million of related deferred income tax benefits . in june 2007 , entergy gulf states reconstruction funding i , llc , a company that is now wholly-owned and consolidated by entergy texas , issued $ 329.5 million of senior secured transition bonds ( securitization bonds ) as follows : amount ( in thousands ) . <table class='wikitable'><tr><td>1</td><td>-</td><td>amount ( in thousands )</td></tr><tr><td>2</td><td>senior secured transition bonds series a:</td><td>-</td></tr><tr><td>3</td><td>tranche a-1 ( 5.51% ( 5.51 % ) ) due october 2013</td><td>$ 93500</td></tr><tr><td>4</td><td>tranche a-2 ( 5.79% ( 5.79 % ) ) due october 2018</td><td>121600</td></tr><tr><td>5</td><td>tranche a-3 ( 5.93% ( 5.93 % ) ) due june 2022</td><td>114400</td></tr><tr><td>6</td><td>total senior secured transition bonds</td><td>$ 329500</td></tr></table> although the principal amount of each tranche is not due until the dates given above , entergy gulf states reconstruction funding expects to make principal payments on the bonds over the next five years in the amounts of $ 26 million for 2016 , $ 27.6 million for 2017 , $ 29.2 million for 2018 , $ 30.9 million for 2019 , and $ 32.8 million for 2020 . all of the scheduled principal payments for 2016 are for tranche a-2 , $ 23.6 million of the scheduled principal payments for 2017 are for tranche a-2 and $ 4 million of the scheduled principal payments for 2017 are for tranche a-3 . all of the scheduled principal payments for 2018-2020 are for tranche a-3 . with the proceeds , entergy gulf states reconstruction funding purchased from entergy texas the transition property , which is the right to recover from customers through a transition charge amounts sufficient to service the securitization bonds . the transition property is reflected as a regulatory asset on the consolidated entergy texas balance sheet . the creditors of entergy texas do not have recourse to the assets or revenues of entergy gulf states reconstruction funding , including the transition property , and the creditors of entergy gulf states reconstruction funding do not have recourse to the assets or revenues of entergy texas . entergy texas has no payment obligations to entergy gulf states reconstruction funding except to remit transition charge collections. .
Question: what was the principal payment in 2020, in millions?
Answer: 32.8
Question: and how much would it be in thousands of dollars?
Answer: 32800.0
Question: how much, then, does the principal payment in 2020, in thousands of dollars, represent in relation to the total senior secured transition bonds?
| 0.09954 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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asbestos claims the company and several of its us subsidiaries are defendants in asbestos cases . during the year ended december 31 , 2010 , asbestos case activity is as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>asbestos cases</td></tr><tr><td>2</td><td>as of december 31 2009</td><td>526</td></tr><tr><td>3</td><td>case adjustments</td><td>2</td></tr><tr><td>4</td><td>new cases filed</td><td>41</td></tr><tr><td>5</td><td>resolved cases</td><td>-70 ( 70 )</td></tr><tr><td>6</td><td>as of december 31 2010</td><td>499</td></tr></table> because many of these cases involve numerous plaintiffs , the company is subject to claims significantly in excess of the number of actual cases . the company has reserves for defense costs related to claims arising from these matters . award proceedings in relation to domination agreement and squeeze-out on october 1 , 2004 , celanese gmbh and the company 2019s subsidiary , bcp holdings gmbh ( 201cbcp holdings 201d ) , a german limited liability company , entered into a domination agreement pursuant to which the bcp holdings became obligated to offer to acquire all outstanding celanese gmbh shares from the minority shareholders of celanese gmbh in return for payment of fair cash compensation ( the 201cpurchaser offer 201d ) . the amount of this fair cash compensation was determined to be a41.92 per share in accordance with applicable german law . all minority shareholders who elected not to sell their shares to the bcp holdings under the purchaser offer were entitled to remain shareholders of celanese gmbh and to receive from the bcp holdings a gross guaranteed annual payment of a3.27 per celanese gmbh share less certain corporate taxes in lieu of any dividend . as of march 30 , 2005 , several minority shareholders of celanese gmbh had initiated special award proceedings seeking the court 2019s review of the amounts of the fair cash compensation and of the guaranteed annual payment offered in the purchaser offer under the domination agreement . in the purchaser offer , 145387 shares were tendered at the fair cash compensation of a41.92 , and 924078 shares initially remained outstanding and were entitled to the guaranteed annual payment under the domination agreement . as a result of these proceedings , the amount of the fair cash consideration and the guaranteed annual payment paid under the domination agreement could be increased by the court so that all minority shareholders , including those who have already tendered their shares in the purchaser offer for the fair cash compensation , could claim the respective higher amounts . on december 12 , 2006 , the court of first instance appointed an expert to assist the court in determining the value of celanese gmbh . on may 30 , 2006 the majority shareholder of celanese gmbh adopted a squeeze-out resolution under which all outstanding shares held by minority shareholders should be transferred to bcp holdings for a fair cash compensation of a66.99 per share ( the 201csqueeze-out 201d ) . this shareholder resolution was challenged by shareholders but the squeeze-out became effective after the disputes were settled on december 22 , 2006 . award proceedings were subsequently filed by 79 shareholders against bcp holdings with the frankfurt district court requesting the court to set a higher amount for the squeeze-out compensation . pursuant to a settlement agreement between bcp holdings and certain former celanese gmbh shareholders , if the court sets a higher value for the fair cash compensation or the guaranteed payment under the purchaser offer or the squeeze-out compensation , former celanese gmbh shareholders who ceased to be shareholders of celanese gmbh due to the squeeze-out will be entitled to claim for their shares the higher of the compensation amounts determined by the court in these different proceedings related to the purchaser offer and the squeeze-out . if the fair cash compensation determined by the court is higher than the squeeze-out compensation of a 66.99 , then 1069465 shares will be entitled to an adjustment . if the court confirms the value of the fair cash compensation under the domination agreement but determines a higher value for the squeeze-out compensation , 924078 shares %%transmsg*** transmitting job : d77691 pcn : 148000000 ***%%pcmsg|148 |00010|yes|no|02/08/2011 16:10|0|0|page is valid , no graphics -- color : n| .
Question: what were the number of asbestos cases at the end of 2009?
| 499.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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asbestos claims the company and several of its us subsidiaries are defendants in asbestos cases . during the year ended december 31 , 2010 , asbestos case activity is as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>asbestos cases</td></tr><tr><td>2</td><td>as of december 31 2009</td><td>526</td></tr><tr><td>3</td><td>case adjustments</td><td>2</td></tr><tr><td>4</td><td>new cases filed</td><td>41</td></tr><tr><td>5</td><td>resolved cases</td><td>-70 ( 70 )</td></tr><tr><td>6</td><td>as of december 31 2010</td><td>499</td></tr></table> because many of these cases involve numerous plaintiffs , the company is subject to claims significantly in excess of the number of actual cases . the company has reserves for defense costs related to claims arising from these matters . award proceedings in relation to domination agreement and squeeze-out on october 1 , 2004 , celanese gmbh and the company 2019s subsidiary , bcp holdings gmbh ( 201cbcp holdings 201d ) , a german limited liability company , entered into a domination agreement pursuant to which the bcp holdings became obligated to offer to acquire all outstanding celanese gmbh shares from the minority shareholders of celanese gmbh in return for payment of fair cash compensation ( the 201cpurchaser offer 201d ) . the amount of this fair cash compensation was determined to be a41.92 per share in accordance with applicable german law . all minority shareholders who elected not to sell their shares to the bcp holdings under the purchaser offer were entitled to remain shareholders of celanese gmbh and to receive from the bcp holdings a gross guaranteed annual payment of a3.27 per celanese gmbh share less certain corporate taxes in lieu of any dividend . as of march 30 , 2005 , several minority shareholders of celanese gmbh had initiated special award proceedings seeking the court 2019s review of the amounts of the fair cash compensation and of the guaranteed annual payment offered in the purchaser offer under the domination agreement . in the purchaser offer , 145387 shares were tendered at the fair cash compensation of a41.92 , and 924078 shares initially remained outstanding and were entitled to the guaranteed annual payment under the domination agreement . as a result of these proceedings , the amount of the fair cash consideration and the guaranteed annual payment paid under the domination agreement could be increased by the court so that all minority shareholders , including those who have already tendered their shares in the purchaser offer for the fair cash compensation , could claim the respective higher amounts . on december 12 , 2006 , the court of first instance appointed an expert to assist the court in determining the value of celanese gmbh . on may 30 , 2006 the majority shareholder of celanese gmbh adopted a squeeze-out resolution under which all outstanding shares held by minority shareholders should be transferred to bcp holdings for a fair cash compensation of a66.99 per share ( the 201csqueeze-out 201d ) . this shareholder resolution was challenged by shareholders but the squeeze-out became effective after the disputes were settled on december 22 , 2006 . award proceedings were subsequently filed by 79 shareholders against bcp holdings with the frankfurt district court requesting the court to set a higher amount for the squeeze-out compensation . pursuant to a settlement agreement between bcp holdings and certain former celanese gmbh shareholders , if the court sets a higher value for the fair cash compensation or the guaranteed payment under the purchaser offer or the squeeze-out compensation , former celanese gmbh shareholders who ceased to be shareholders of celanese gmbh due to the squeeze-out will be entitled to claim for their shares the higher of the compensation amounts determined by the court in these different proceedings related to the purchaser offer and the squeeze-out . if the fair cash compensation determined by the court is higher than the squeeze-out compensation of a 66.99 , then 1069465 shares will be entitled to an adjustment . if the court confirms the value of the fair cash compensation under the domination agreement but determines a higher value for the squeeze-out compensation , 924078 shares %%transmsg*** transmitting job : d77691 pcn : 148000000 ***%%pcmsg|148 |00010|yes|no|02/08/2011 16:10|0|0|page is valid , no graphics -- color : n| .
Question: what were the number of asbestos cases at the end of 2009?
Answer: 499.0
Question: what was the number of cases at the end of 2010?
| 526.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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asbestos claims the company and several of its us subsidiaries are defendants in asbestos cases . during the year ended december 31 , 2010 , asbestos case activity is as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>asbestos cases</td></tr><tr><td>2</td><td>as of december 31 2009</td><td>526</td></tr><tr><td>3</td><td>case adjustments</td><td>2</td></tr><tr><td>4</td><td>new cases filed</td><td>41</td></tr><tr><td>5</td><td>resolved cases</td><td>-70 ( 70 )</td></tr><tr><td>6</td><td>as of december 31 2010</td><td>499</td></tr></table> because many of these cases involve numerous plaintiffs , the company is subject to claims significantly in excess of the number of actual cases . the company has reserves for defense costs related to claims arising from these matters . award proceedings in relation to domination agreement and squeeze-out on october 1 , 2004 , celanese gmbh and the company 2019s subsidiary , bcp holdings gmbh ( 201cbcp holdings 201d ) , a german limited liability company , entered into a domination agreement pursuant to which the bcp holdings became obligated to offer to acquire all outstanding celanese gmbh shares from the minority shareholders of celanese gmbh in return for payment of fair cash compensation ( the 201cpurchaser offer 201d ) . the amount of this fair cash compensation was determined to be a41.92 per share in accordance with applicable german law . all minority shareholders who elected not to sell their shares to the bcp holdings under the purchaser offer were entitled to remain shareholders of celanese gmbh and to receive from the bcp holdings a gross guaranteed annual payment of a3.27 per celanese gmbh share less certain corporate taxes in lieu of any dividend . as of march 30 , 2005 , several minority shareholders of celanese gmbh had initiated special award proceedings seeking the court 2019s review of the amounts of the fair cash compensation and of the guaranteed annual payment offered in the purchaser offer under the domination agreement . in the purchaser offer , 145387 shares were tendered at the fair cash compensation of a41.92 , and 924078 shares initially remained outstanding and were entitled to the guaranteed annual payment under the domination agreement . as a result of these proceedings , the amount of the fair cash consideration and the guaranteed annual payment paid under the domination agreement could be increased by the court so that all minority shareholders , including those who have already tendered their shares in the purchaser offer for the fair cash compensation , could claim the respective higher amounts . on december 12 , 2006 , the court of first instance appointed an expert to assist the court in determining the value of celanese gmbh . on may 30 , 2006 the majority shareholder of celanese gmbh adopted a squeeze-out resolution under which all outstanding shares held by minority shareholders should be transferred to bcp holdings for a fair cash compensation of a66.99 per share ( the 201csqueeze-out 201d ) . this shareholder resolution was challenged by shareholders but the squeeze-out became effective after the disputes were settled on december 22 , 2006 . award proceedings were subsequently filed by 79 shareholders against bcp holdings with the frankfurt district court requesting the court to set a higher amount for the squeeze-out compensation . pursuant to a settlement agreement between bcp holdings and certain former celanese gmbh shareholders , if the court sets a higher value for the fair cash compensation or the guaranteed payment under the purchaser offer or the squeeze-out compensation , former celanese gmbh shareholders who ceased to be shareholders of celanese gmbh due to the squeeze-out will be entitled to claim for their shares the higher of the compensation amounts determined by the court in these different proceedings related to the purchaser offer and the squeeze-out . if the fair cash compensation determined by the court is higher than the squeeze-out compensation of a 66.99 , then 1069465 shares will be entitled to an adjustment . if the court confirms the value of the fair cash compensation under the domination agreement but determines a higher value for the squeeze-out compensation , 924078 shares %%transmsg*** transmitting job : d77691 pcn : 148000000 ***%%pcmsg|148 |00010|yes|no|02/08/2011 16:10|0|0|page is valid , no graphics -- color : n| .
Question: what were the number of asbestos cases at the end of 2009?
Answer: 499.0
Question: what was the number of cases at the end of 2010?
Answer: 526.0
Question: what was the net change in value?
| -27.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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asbestos claims the company and several of its us subsidiaries are defendants in asbestos cases . during the year ended december 31 , 2010 , asbestos case activity is as follows: . <table class='wikitable'><tr><td>1</td><td>-</td><td>asbestos cases</td></tr><tr><td>2</td><td>as of december 31 2009</td><td>526</td></tr><tr><td>3</td><td>case adjustments</td><td>2</td></tr><tr><td>4</td><td>new cases filed</td><td>41</td></tr><tr><td>5</td><td>resolved cases</td><td>-70 ( 70 )</td></tr><tr><td>6</td><td>as of december 31 2010</td><td>499</td></tr></table> because many of these cases involve numerous plaintiffs , the company is subject to claims significantly in excess of the number of actual cases . the company has reserves for defense costs related to claims arising from these matters . award proceedings in relation to domination agreement and squeeze-out on october 1 , 2004 , celanese gmbh and the company 2019s subsidiary , bcp holdings gmbh ( 201cbcp holdings 201d ) , a german limited liability company , entered into a domination agreement pursuant to which the bcp holdings became obligated to offer to acquire all outstanding celanese gmbh shares from the minority shareholders of celanese gmbh in return for payment of fair cash compensation ( the 201cpurchaser offer 201d ) . the amount of this fair cash compensation was determined to be a41.92 per share in accordance with applicable german law . all minority shareholders who elected not to sell their shares to the bcp holdings under the purchaser offer were entitled to remain shareholders of celanese gmbh and to receive from the bcp holdings a gross guaranteed annual payment of a3.27 per celanese gmbh share less certain corporate taxes in lieu of any dividend . as of march 30 , 2005 , several minority shareholders of celanese gmbh had initiated special award proceedings seeking the court 2019s review of the amounts of the fair cash compensation and of the guaranteed annual payment offered in the purchaser offer under the domination agreement . in the purchaser offer , 145387 shares were tendered at the fair cash compensation of a41.92 , and 924078 shares initially remained outstanding and were entitled to the guaranteed annual payment under the domination agreement . as a result of these proceedings , the amount of the fair cash consideration and the guaranteed annual payment paid under the domination agreement could be increased by the court so that all minority shareholders , including those who have already tendered their shares in the purchaser offer for the fair cash compensation , could claim the respective higher amounts . on december 12 , 2006 , the court of first instance appointed an expert to assist the court in determining the value of celanese gmbh . on may 30 , 2006 the majority shareholder of celanese gmbh adopted a squeeze-out resolution under which all outstanding shares held by minority shareholders should be transferred to bcp holdings for a fair cash compensation of a66.99 per share ( the 201csqueeze-out 201d ) . this shareholder resolution was challenged by shareholders but the squeeze-out became effective after the disputes were settled on december 22 , 2006 . award proceedings were subsequently filed by 79 shareholders against bcp holdings with the frankfurt district court requesting the court to set a higher amount for the squeeze-out compensation . pursuant to a settlement agreement between bcp holdings and certain former celanese gmbh shareholders , if the court sets a higher value for the fair cash compensation or the guaranteed payment under the purchaser offer or the squeeze-out compensation , former celanese gmbh shareholders who ceased to be shareholders of celanese gmbh due to the squeeze-out will be entitled to claim for their shares the higher of the compensation amounts determined by the court in these different proceedings related to the purchaser offer and the squeeze-out . if the fair cash compensation determined by the court is higher than the squeeze-out compensation of a 66.99 , then 1069465 shares will be entitled to an adjustment . if the court confirms the value of the fair cash compensation under the domination agreement but determines a higher value for the squeeze-out compensation , 924078 shares %%transmsg*** transmitting job : d77691 pcn : 148000000 ***%%pcmsg|148 |00010|yes|no|02/08/2011 16:10|0|0|page is valid , no graphics -- color : n| .
Question: what were the number of asbestos cases at the end of 2009?
Answer: 499.0
Question: what was the number of cases at the end of 2010?
Answer: 526.0
Question: what was the net change in value?
Answer: -27.0
Question: what is the percent change?
| -0.05133 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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as of december 31 , 2012 and 2011 , the estimated value of the company's uncertain tax positions were liabilities of $ 19 million and $ 6 million , respectively . assuming sustainment of these positions , the reversal of $ 1 million of the amounts accrued would favorably affect the company's effective federal income tax rate in future periods . accrued interest and penalties with respect to unrecognized tax benefits were $ 2 million and $ 3 million as of december 31 , 2012 and 2011 , respectively . during 2011 , the company recorded a reduction of $ 10 million to its liability for uncertain tax positions relating to tax periods prior to the spin-off for which northrop grumman is the primary obligor . during 2010 , northrop grumman reached final settlement with the irs and the u . s . congressional joint committee on taxation on the irs examination of northrop grumman's tax returns for the years 2004 through 2006 . as a result of this settlement , the company recognized tax benefits of $ 8 million as a reduction to the provision for income taxes . in connection with the settlement , the company also recorded a reduction of $ 10 million to its liability for uncertain tax positions , including previously accrued interest , of $ 2 million . the following table summarizes the tax years that are either currently under examination or remain open under the statute of limitations and subject to examination by the major tax jurisdictions in which the company operates: . <table class='wikitable'><tr><td>1</td><td>jurisdiction united states</td><td>jurisdiction 2007</td><td>jurisdiction -</td><td>2012</td></tr><tr><td>2</td><td>california</td><td>2007</td><td>-</td><td>2012</td></tr><tr><td>3</td><td>louisiana</td><td>2007</td><td>-</td><td>2012</td></tr><tr><td>4</td><td>mississippi</td><td>2009</td><td>-</td><td>2012</td></tr><tr><td>5</td><td>virginia</td><td>2006</td><td>-</td><td>2012</td></tr></table> although the company believes it has adequately provided for all uncertain tax positions , amounts asserted by taxing authorities could be greater than the company's accrued position . accordingly , additional provisions on federal and state income tax related matters could be recorded in the future as revised estimates are made or the underlying matters are effectively settled or otherwise resolved . conversely , the company could settle positions with the tax authorities for amounts lower than have been accrued . the company believes it is reasonably possible that during the next 12 months the company's liability for uncertain tax positions may decrease by approximately $ 14 million . the company recognizes accrued interest and penalties related to uncertain tax positions in income tax expense . the irs is currently conducting an examination of northrop grumman's consolidated tax returns , of which hii was part , for the years 2007 through 2009 . open tax years related to state jurisdictions remain subject to examination . as of march 31 , 2011 , the date of the spin-off , the company's liability for uncertain tax positions was approximately $ 4 million , net of federal benefit , which related solely to state income tax positions . under the terms of the separation agreement , northrop grumman is obligated to reimburse hii for any settlement liabilities paid by hii to any government authority for tax periods prior to the spin-off , which include state income taxes . accordingly , the company has recorded a reimbursement receivable of approximately $ 4 million , net of federal benefit , in other assets related to uncertain tax positions for state income taxes as of the date of the spin-off . deferred income taxes - deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and income tax purposes . such amounts are classified in the consolidated statements of financial position as current or non-current assets or liabilities based upon the classification of the related assets and liabilities. .
Question: what is the final year of tax examination for the company in virginia?
| 2012.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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as of december 31 , 2012 and 2011 , the estimated value of the company's uncertain tax positions were liabilities of $ 19 million and $ 6 million , respectively . assuming sustainment of these positions , the reversal of $ 1 million of the amounts accrued would favorably affect the company's effective federal income tax rate in future periods . accrued interest and penalties with respect to unrecognized tax benefits were $ 2 million and $ 3 million as of december 31 , 2012 and 2011 , respectively . during 2011 , the company recorded a reduction of $ 10 million to its liability for uncertain tax positions relating to tax periods prior to the spin-off for which northrop grumman is the primary obligor . during 2010 , northrop grumman reached final settlement with the irs and the u . s . congressional joint committee on taxation on the irs examination of northrop grumman's tax returns for the years 2004 through 2006 . as a result of this settlement , the company recognized tax benefits of $ 8 million as a reduction to the provision for income taxes . in connection with the settlement , the company also recorded a reduction of $ 10 million to its liability for uncertain tax positions , including previously accrued interest , of $ 2 million . the following table summarizes the tax years that are either currently under examination or remain open under the statute of limitations and subject to examination by the major tax jurisdictions in which the company operates: . <table class='wikitable'><tr><td>1</td><td>jurisdiction united states</td><td>jurisdiction 2007</td><td>jurisdiction -</td><td>2012</td></tr><tr><td>2</td><td>california</td><td>2007</td><td>-</td><td>2012</td></tr><tr><td>3</td><td>louisiana</td><td>2007</td><td>-</td><td>2012</td></tr><tr><td>4</td><td>mississippi</td><td>2009</td><td>-</td><td>2012</td></tr><tr><td>5</td><td>virginia</td><td>2006</td><td>-</td><td>2012</td></tr></table> although the company believes it has adequately provided for all uncertain tax positions , amounts asserted by taxing authorities could be greater than the company's accrued position . accordingly , additional provisions on federal and state income tax related matters could be recorded in the future as revised estimates are made or the underlying matters are effectively settled or otherwise resolved . conversely , the company could settle positions with the tax authorities for amounts lower than have been accrued . the company believes it is reasonably possible that during the next 12 months the company's liability for uncertain tax positions may decrease by approximately $ 14 million . the company recognizes accrued interest and penalties related to uncertain tax positions in income tax expense . the irs is currently conducting an examination of northrop grumman's consolidated tax returns , of which hii was part , for the years 2007 through 2009 . open tax years related to state jurisdictions remain subject to examination . as of march 31 , 2011 , the date of the spin-off , the company's liability for uncertain tax positions was approximately $ 4 million , net of federal benefit , which related solely to state income tax positions . under the terms of the separation agreement , northrop grumman is obligated to reimburse hii for any settlement liabilities paid by hii to any government authority for tax periods prior to the spin-off , which include state income taxes . accordingly , the company has recorded a reimbursement receivable of approximately $ 4 million , net of federal benefit , in other assets related to uncertain tax positions for state income taxes as of the date of the spin-off . deferred income taxes - deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and income tax purposes . such amounts are classified in the consolidated statements of financial position as current or non-current assets or liabilities based upon the classification of the related assets and liabilities. .
Question: what is the final year of tax examination for the company in virginia?
Answer: 2012.0
Question: and what is the first one?
| 2006.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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as of december 31 , 2012 and 2011 , the estimated value of the company's uncertain tax positions were liabilities of $ 19 million and $ 6 million , respectively . assuming sustainment of these positions , the reversal of $ 1 million of the amounts accrued would favorably affect the company's effective federal income tax rate in future periods . accrued interest and penalties with respect to unrecognized tax benefits were $ 2 million and $ 3 million as of december 31 , 2012 and 2011 , respectively . during 2011 , the company recorded a reduction of $ 10 million to its liability for uncertain tax positions relating to tax periods prior to the spin-off for which northrop grumman is the primary obligor . during 2010 , northrop grumman reached final settlement with the irs and the u . s . congressional joint committee on taxation on the irs examination of northrop grumman's tax returns for the years 2004 through 2006 . as a result of this settlement , the company recognized tax benefits of $ 8 million as a reduction to the provision for income taxes . in connection with the settlement , the company also recorded a reduction of $ 10 million to its liability for uncertain tax positions , including previously accrued interest , of $ 2 million . the following table summarizes the tax years that are either currently under examination or remain open under the statute of limitations and subject to examination by the major tax jurisdictions in which the company operates: . <table class='wikitable'><tr><td>1</td><td>jurisdiction united states</td><td>jurisdiction 2007</td><td>jurisdiction -</td><td>2012</td></tr><tr><td>2</td><td>california</td><td>2007</td><td>-</td><td>2012</td></tr><tr><td>3</td><td>louisiana</td><td>2007</td><td>-</td><td>2012</td></tr><tr><td>4</td><td>mississippi</td><td>2009</td><td>-</td><td>2012</td></tr><tr><td>5</td><td>virginia</td><td>2006</td><td>-</td><td>2012</td></tr></table> although the company believes it has adequately provided for all uncertain tax positions , amounts asserted by taxing authorities could be greater than the company's accrued position . accordingly , additional provisions on federal and state income tax related matters could be recorded in the future as revised estimates are made or the underlying matters are effectively settled or otherwise resolved . conversely , the company could settle positions with the tax authorities for amounts lower than have been accrued . the company believes it is reasonably possible that during the next 12 months the company's liability for uncertain tax positions may decrease by approximately $ 14 million . the company recognizes accrued interest and penalties related to uncertain tax positions in income tax expense . the irs is currently conducting an examination of northrop grumman's consolidated tax returns , of which hii was part , for the years 2007 through 2009 . open tax years related to state jurisdictions remain subject to examination . as of march 31 , 2011 , the date of the spin-off , the company's liability for uncertain tax positions was approximately $ 4 million , net of federal benefit , which related solely to state income tax positions . under the terms of the separation agreement , northrop grumman is obligated to reimburse hii for any settlement liabilities paid by hii to any government authority for tax periods prior to the spin-off , which include state income taxes . accordingly , the company has recorded a reimbursement receivable of approximately $ 4 million , net of federal benefit , in other assets related to uncertain tax positions for state income taxes as of the date of the spin-off . deferred income taxes - deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and income tax purposes . such amounts are classified in the consolidated statements of financial position as current or non-current assets or liabilities based upon the classification of the related assets and liabilities. .
Question: what is the final year of tax examination for the company in virginia?
Answer: 2012.0
Question: and what is the first one?
Answer: 2006.0
Question: what is, then, the total period of that examination, in years?
| 6.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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as of december 31 , 2012 and 2011 , the estimated value of the company's uncertain tax positions were liabilities of $ 19 million and $ 6 million , respectively . assuming sustainment of these positions , the reversal of $ 1 million of the amounts accrued would favorably affect the company's effective federal income tax rate in future periods . accrued interest and penalties with respect to unrecognized tax benefits were $ 2 million and $ 3 million as of december 31 , 2012 and 2011 , respectively . during 2011 , the company recorded a reduction of $ 10 million to its liability for uncertain tax positions relating to tax periods prior to the spin-off for which northrop grumman is the primary obligor . during 2010 , northrop grumman reached final settlement with the irs and the u . s . congressional joint committee on taxation on the irs examination of northrop grumman's tax returns for the years 2004 through 2006 . as a result of this settlement , the company recognized tax benefits of $ 8 million as a reduction to the provision for income taxes . in connection with the settlement , the company also recorded a reduction of $ 10 million to its liability for uncertain tax positions , including previously accrued interest , of $ 2 million . the following table summarizes the tax years that are either currently under examination or remain open under the statute of limitations and subject to examination by the major tax jurisdictions in which the company operates: . <table class='wikitable'><tr><td>1</td><td>jurisdiction united states</td><td>jurisdiction 2007</td><td>jurisdiction -</td><td>2012</td></tr><tr><td>2</td><td>california</td><td>2007</td><td>-</td><td>2012</td></tr><tr><td>3</td><td>louisiana</td><td>2007</td><td>-</td><td>2012</td></tr><tr><td>4</td><td>mississippi</td><td>2009</td><td>-</td><td>2012</td></tr><tr><td>5</td><td>virginia</td><td>2006</td><td>-</td><td>2012</td></tr></table> although the company believes it has adequately provided for all uncertain tax positions , amounts asserted by taxing authorities could be greater than the company's accrued position . accordingly , additional provisions on federal and state income tax related matters could be recorded in the future as revised estimates are made or the underlying matters are effectively settled or otherwise resolved . conversely , the company could settle positions with the tax authorities for amounts lower than have been accrued . the company believes it is reasonably possible that during the next 12 months the company's liability for uncertain tax positions may decrease by approximately $ 14 million . the company recognizes accrued interest and penalties related to uncertain tax positions in income tax expense . the irs is currently conducting an examination of northrop grumman's consolidated tax returns , of which hii was part , for the years 2007 through 2009 . open tax years related to state jurisdictions remain subject to examination . as of march 31 , 2011 , the date of the spin-off , the company's liability for uncertain tax positions was approximately $ 4 million , net of federal benefit , which related solely to state income tax positions . under the terms of the separation agreement , northrop grumman is obligated to reimburse hii for any settlement liabilities paid by hii to any government authority for tax periods prior to the spin-off , which include state income taxes . accordingly , the company has recorded a reimbursement receivable of approximately $ 4 million , net of federal benefit , in other assets related to uncertain tax positions for state income taxes as of the date of the spin-off . deferred income taxes - deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and income tax purposes . such amounts are classified in the consolidated statements of financial position as current or non-current assets or liabilities based upon the classification of the related assets and liabilities. .
Question: what is the final year of tax examination for the company in virginia?
Answer: 2012.0
Question: and what is the first one?
Answer: 2006.0
Question: what is, then, the total period of that examination, in years?
Answer: 6.0
Question: and what is this period of examination for the company in mississippi?
| 3.0 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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entergy arkansas , inc . management's financial discussion and analysis fuel and purchased power expenses increased primarily due to increased recovery of deferred fuel and purchased power costs primarily due to an increase in april 2004 in the energy cost recovery rider and the true-ups to the 2003 and 2002 energy cost recovery rider filings . other regulatory credits decreased primarily due to the over-recovery of grand gulf costs due to an increase in the grand gulf rider effective january 2004 . 2003 compared to 2002 net revenue , which is entergy arkansas' measure of gross margin , consists of operating revenues net of : 1 ) fuel , fuel-related , and purchased power expenses and 2 ) other regulatory credits . following is an analysis of the change in net revenue comparing 2003 to 2002. . <table class='wikitable'><tr><td>1</td><td>-</td><td>( in millions )</td></tr><tr><td>2</td><td>2002 net revenue</td><td>$ 1095.9</td></tr><tr><td>3</td><td>march 2002 settlement agreement</td><td>-154.0 ( 154.0 )</td></tr><tr><td>4</td><td>volume/weather</td><td>-7.7 ( 7.7 )</td></tr><tr><td>5</td><td>asset retirement obligation</td><td>30.1</td></tr><tr><td>6</td><td>net wholesale revenue</td><td>16.6</td></tr><tr><td>7</td><td>deferred fuel cost revisions</td><td>10.2</td></tr><tr><td>8</td><td>other</td><td>7.6</td></tr><tr><td>9</td><td>2003 net revenue</td><td>$ 998.7</td></tr></table> the march 2002 settlement agreement resolved a request for recovery of ice storm costs incurred in december 2000 with an offset of those costs for funds contributed to pay for future stranded costs . a 1997 settlement provided for the collection of earnings in excess of an 11% ( 11 % ) return on equity in a transition cost account ( tca ) to offset stranded costs if retail open access were implemented . in mid- and late december 2000 , two separate ice storms left 226000 and 212500 entergy arkansas customers , respectively , without electric power in its service area . entergy arkansas filed a proposal to recover costs plus carrying charges associated with power restoration caused by the ice storms . entergy arkansas' final storm damage cost determination reflected costs of approximately $ 195 million . the apsc approved a settlement agreement submitted in march 2002 by entergy arkansas , the apsc staff , and the arkansas attorney general . in the march 2002 settlement , the parties agreed that $ 153 million of the ice storm costs would be classified as incremental ice storm expenses that can be offset against the tca on a rate class basis , and any excess of ice storm costs over the amount available in the tca would be deferred and amortized over 30 years , although such excess costs were not allowed to be included as a separate component of rate base . the allocated ice storm expenses exceeded the available tca funds by $ 15.8 million which was recorded as a regulatory asset in june 2002 . in accordance with the settlement agreement and following the apsc's approval of the 2001 earnings review related to the tca , entergy arkansas filed to return $ 18.1 million of the tca to certain large general service class customers that paid more into the tca than their allocation of storm costs . the apsc approved the return of funds to the large general service customer class in the form of refund checks in august 2002 . as part of the implementation of the march 2002 settlement agreement provisions , the tca procedure ceased with the 2001 earnings evaluation . of the remaining ice storm costs , $ 32.2 million was addressed through established ratemaking procedures , including $ 22.2 million classified as capital additions , while $ 3.8 million of the ice storm costs was not recovered through rates . the effect on net income of the march 2002 settlement agreement and 2001 earnings review was a $ 2.2 million increase in 2003 , because the decrease in net revenue was offset by the decrease in operation and maintenance expenses discussed below. .
Question: what is the net change in net revenue from 2002 to 2003?
| -97.2 | Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.
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