{"question": "what is the total mw capacity of the boiling water reactors?", "python_solution": "def solution():\n    # Define variables name and value\n    pilgrim_capacity = 688\n    fitzpatrick_capacity = 838\n    vermont_yankee_capacity = 605\n\n    # Do math calculation to get the answer\n    answer = pilgrim_capacity + fitzpatrick_capacity + vermont_yankee_capacity\n    \n    return answer", "ground_truth": 2131.0, "question_id": "simplong-testmini-0", "paragraphs": ["Part I Item 1 Entergy Corporation, Utility operating companies, and System Energy 253 including the continued effectiveness of the Clean Energy Standards/Zero Emissions Credit program (CES/ZEC), the establishment of certain long-term agreements on acceptable terms with the Energy Research and Development Authority of the State of New York in connection with the CES/ZEC program, and NYPSC approval of the transaction on acceptable terms, Entergy refueled the FitzPatrick plant in January and February 2017.", "In October 2015, Entergy determined that it would close the Pilgrim plant.", "The decision came after management’s extensive analysis of the economics and operating life of the plant following the NRC’s decision in September 2015 to place the plant in its “multiple/repetitive degraded cornerstone column” (Column 4) of its Reactor Oversight Process Action Matrix.", "The Pilgrim plant is expected to cease operations on May 31, 2019, after refueling in the spring of 2017 and operating through the end of that fuel cycle.", "In December 2015, Entergy Wholesale Commodities closed on the sale of its 583 MW Rhode Island State Energy Center (RISEC), in Johnston, Rhode Island.", "The base sales price, excluding adjustments, was approximately $490 million.", "Entergy Wholesale Commodities purchased RISEC for $346 million in December 2011.", "In December 2016, Entergy announced that it reached an agreement with Consumers Energy to terminate the PPA for the Palisades plant on May 31, 2018.", "Pursuant to the PPA termination agreement, Consumers Energy will pay Entergy $172 million for the early termination of the PPA.", "The PPA termination agreement is subject to regulatory approvals.", "Separately, and assuming regulatory approvals are obtained for the PPA termination agreement, Entergy intends to shut down the Palisades nuclear power plant permanently on October 1, 2018, after refueling in the spring of 2017 and operating through the end of that fuel cycle.", "Entergy expects to enter into a new PPA with Consumers Energy under which the plant would continue to operate through October 1, 2018.", "In January 2017, Entergy announced that it reached a settlement with New York State to shut down Indian Point 2 by April 30, 2020 and Indian Point 3 by April 30, 2021, and resolve all New York State-initiated legal challenges to Indian Point’s operating license renewal.", "As part of the settlement, New York State has agreed to issue Indian Point’s water quality certification and Coastal Zone Management Act consistency certification and to withdraw its objection to license renewal before the NRC.", "New York State also has agreed to issue a water discharge permit, which is required regardless of whether the plant is seeking a renewed NRC license.", "The shutdowns are conditioned, among other things, upon such actions being taken by New York State.", "Even without opposition, the NRC license renewal process is expected to continue at least into 2018.", "With the settlement concerning Indian Point, Entergy now has announced plans for the disposition of all of the Entergy Wholesale Commodities nuclear power plants, including the sales of Vermont Yankee and FitzPatrick, and the earlier than previously expected shutdowns of Pilgrim, Palisades, Indian Point 2, and Indian Point 3.", "See “Entergy Wholesale Commodities Exit from the Merchant Power Business” for further discussion.", "Property Nuclear Generating Stations Entergy Wholesale Commodities includes the ownership of the following nuclear power plants:", "|Power Plant|Market|In Service Year|Acquired|Location|Capacity - Reactor Type|License Expiration Date|\n|Pilgrim (a)|IS0-NE|1972|July 1999|Plymouth, MA|688 MW - Boiling Water|2032 (a)|\n|FitzPatrick (b)|NYISO|1975|Nov. 2000|Oswego, NY|838 MW - Boiling Water|2034 (b)|\n|Indian Point 3 (c)|NYISO|1976|Nov. 2000|Buchanan, NY|1,041 MW - Pressurized Water|2015 (c)|\n|Indian Point 2 (c)|NYISO|1974|Sept. 2001|Buchanan, NY|1,028 MW - Pressurized Water|2013 (c)|\n|Vermont Yankee (d)|IS0-NE|1972|July 2002|Vernon, VT|605 MW - Boiling Water|2032 (d)|\n|Palisades (e)|MISO|1971|Apr. 2007|Covert, MI|811 MW - Pressurized Water|2031 (e)|\n", "|Consolidated Balance Sheet Data|At July 31,|\n|(In millions)|2014|2013|2012|2011|2010|\n|Cash, cash equivalents and investments|$1,914|$1,661|$744|$1,421|$1,622|\n|Long-term investments|31|83|75|63|91|\n|Working capital|1,200|1,116|258|449|1,074|\n|Total assets|5,201|5,486|4,684|5,110|5,198|\n|Current portion of long-term debt|—|—|—|500|—|\n|Long-term debt|499|499|499|499|998|\n|Other long-term obligations|203|167|166|175|143|\n|Total stockholders’ equity|3,078|3,531|2,744|2,616|2,821|\n", "ITEM 7 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Our Management’s Discussion and Analysis of Financial Condition and Results of Operations (MD&A) includes the following sections: ?", "Executive Overview that discusses at a high level our operating results and some of the trends that affect our business.  ?", "Critical Accounting Policies and Estimates that we believe are important to understanding the assumptions and judgments underlying our financial statements.  ?", "Results of Operations that includes a more detailed discussion of our revenue and expenses.  ?", "Liquidity and Capital Resources which discusses key aspects of our statements of cash flows, changes in our balance sheets and our financial commitments.", "You should note that this MD&A discussion contains forward-looking statements that involve risks and uncertainties.", "Please see the section entitled “Forward-Looking Statements and Risk Factors” at the beginning of Item 1A for important information to consider when evaluating such statements.", "You should read this MD&A in conjunction with the financial statements and related notes in Item 8 of this Annual Report.", "In fiscal 2014 we acquired Check Inc.  and in fiscal 2012 we acquired Demandforce, Inc.  We have included their results of operations in our consolidated results of operations from the dates of acquisition.", "In fiscal 2013 we completed the sale of our Intuit Websites business and in fiscal 2014 we completed the sales of our Intuit Financial Services (IFS) and Intuit Health businesses.", "We accounted for all of these businesses as discontinued operations and have therefore reclassified our statements of operations for all periods presented to reflect them as such.", "We have also reclassified our balance sheets for all periods presented to reflect IFS as discontinued operations.", "The net assets of Intuit Websites and Intuit Health were not significant, so we have not reclassified our balance sheets for any period presented to reflect them as discontinued operations.", "Because the cash flows of our Intuit Websites, IFS, and Intuit Health discontinued operations were not material for any period presented, we have not segregated the cash flows of those businesses from continuing operations on our statements of cash flows.", "See “Results of Operations – Non-Operating Income and Expense – Discontinued Operations” later in this Item 7 for more information.", "Unless otherwise noted, the following discussion pertains to our continuing operations.", "Executive Overview This overview provides a high level discussion of our operating results and some of the trends that affect our business.", "We believe that an understanding of these trends is important in order to understand our financial results for fiscal 2014 as well as our future prospects.", "This summary is not intended to be exhaustive, nor is it intended to be a substitute for the detailed discussion and analysis provided elsewhere in this Annual Report on Form 10-K.", "See the table later in this Note 7 for more information on the IFS operating results.", "The carrying amounts of the major classes of assets and liabilities of IFS at July 31, 2013 were as shown in the following table.", "These carrying amounts approximated fair value.", "|(In millions)|July 31, 2013|\n|Accounts receivable|$40|\n|Other current assets|4|\n|Property and equipment, net|31|\n|Goodwill|914|\n|Purchased intangible assets, net|4|\n|Other assets|6|\n|Total assets|999|\n|Accounts payable|15|\n|Accrued compensation|21|\n|Deferred revenue|3|\n|Long-term obligations|9|\n|Total liabilities|48|\n|Net assets|$951|\n", "Intuit Health In July 2013 management having the authority to do so formally approved a plan to sell our Intuit Health business and on August 19, 2013 we completed the sale for cash consideration that was not significant.", "We recorded a $4 million pre-tax loss on the disposal of Intuit Health that was more than offset by a related income tax benefit of approximately $14 million, resulting in a net gain on disposal of approximately $10 million in the first quarter of fiscal 2014.", "The decision to sell the Intuit Health business was a result of management's desire to focus resources on its offerings for small businesses, consumers, and accounting professionals.", "Intuit Health was part of our former Other Businesses reportable segment.", "We determined that our Intuit Health business became a long-lived asset held for sale in the fourth quarter of fiscal 2013.", "A long-lived asset classified as held for sale is measured at the lower of its carrying amount or fair value less cost to sell.", "Since the carrying value of Intuit Health at July 31, 2013 was less than the estimated fair value less cost to sell, no adjustment to the carrying value of this long-lived asset was necessary at that date.", "We also classified our Intuit Health business as discontinued operations in the fourth quarter of fiscal 2013 and have segregated its operating results in our statements of operations for all periods presented.", "See the table later in this Note for more information.", "We have not segregated the net assets of Intuit Health on our balance sheets for any period presented.", "Net assets held for sale at July 31, 2013 consisted primarily of operating assets and liabilities that were not material.", "Because operating cash flows from the Intuit Health business were also not material for any period presented, we have not segregated them from continuing operations on our statements of cash flows.", "Intuit Websites In July 2012 management having the authority to do so formally approved a plan to sell our Intuit Websites business, which was a component of our Small Business reportable segment.", "The decision was the result of a shift in our strategy for helping small businesses to establish an online presence.", "On August 10, 2012 we signed a definitive agreement to sell our Intuit Websites business and on September 17, 2012 we completed the sale for approximately $60 million in cash.", "We recorded a gain on disposal of approximately $32 million, net of income taxes.", "We determined that our Intuit Websites business became a long-lived asset held for sale in the fourth quarter of fiscal 2012.", "A long-lived asset classified as held for sale is measured at the lower of its carrying amount or fair value less cost to sell.", "Since the carrying value of Intuit Websites at July 31, 2012 was less than the estimated fair value less cost to sell, no adjustment to the carrying value of this long-lived asset was necessary at that date."], "table_evidence": [20], "paragraph_evidence": [-1], "source": "multihiertt", "original_question_id": "3956108c93fa44b1982c52f009dac77e"}
{"question": "What is the ratio of Construction to the total in2015 for Commercial real estate?", "python_solution": "def solution():\n    construction = 1031\n    total_commercial_real_estate = 5268\n\n    answer = (construction / total_commercial_real_estate) * 100\n    \n    return answer", "ground_truth": 19.5709946848899, "question_id": "simplong-testmini-1", "paragraphs": ["In 2013, the Federal Reserve and the OCC adopted final capital rules implementing Basel III requirements for U. S.  Banking organizations.", "The final rules establish an integrated regulatory capital framework and implement in the United States the Basel III regulatory capital reforms from the Basel Committee on Banking Supervision and certain changes required by the Dodd-Frank Act.", "Under the final rule, minimum requirements will increase for both the quantity and quality of capital held by banking organizations.", "Consistent with the international Basel framework, the final rule includes a new minimum ratio of common equity tier 1 capital to risk-weighted assets and a capital conservation buffer of 2.5% of risk-weighted assets that will apply to all supervised financial institutions.", "The rule also raises the minimum ratio of tier 1 capital to risk-weighted assets and includes a minimum leverage ratio of 4%.", "These new minimum capital ratios were effective for us on January 1, 2015, and will be fully phased-in on January 1, 2019.", "The following are the Basel III regulatory capital levels that we must satisfy to avoid limitations on capital distributions and discretionary bonus payments during the applicable transition period, from January 1, 2015, until January 1, 2019:", "||Basel III Regulatory Capital Levels|\n||January 1,2015|January 1,2016|January 1,2017|January 1,2018|January 1,2019|\n|Common equity tier 1 risk-based capital ratio|4.5%|5.125%|5.75%|6.375%|7.0%|\n|Tier 1 risk-based capital ratio|6.0%|6.625%|7.25%|7.875%|8.5%|\n|Total risk-based capital ratio|8.0%|8.625%|9.25%|9.875%|10.5%|\n", "The final rule emphasizes CET1 capital, the most loss-absorbing form of capital, and implements strict eligibility criteria for regulatory capital instruments.", "The final rule also improves the methodology for calculating risk-weighted assets to enhance risk sensitivity.", "Banks and regulators use risk weighting to assign different levels of risk to different classes of assets.", "Based on the final Basel III rule, banking organizations with more than $15 billion in total consolidated assets are required to phase-out of additional tier 1 capital any non-qualifying capital instruments (such as trust preferred securities and cumulative preferred shares) issued before September 12, 2010.", "We began the additional tier 1 capital phase-out of our trust preferred securities in 2015, but will be able to include these instruments in tier 2 capital as a non-advanced approaches institution.", "Under Basel III, CET1 predominantly includes common stockholders’ equity, less certain deductions for goodwill and other intangible assets net of related taxes, over-funded net pension fund assets, and DTAs that arise from tax loss and credit carryforwards.", "We elected to exclude accumulated other comprehensive income from CET1 as permitted in the final rule.", "Tier 1 capital is predominantly comprised of CET1 as well as perpetual preferred stock and qualifying minority interests.", "Total capital predominantly includes tier 1 capital as well as certain long-term debt and allowance for credit losses qualifying for tier 2 capital.", "The calculations of CET1, tier 1 capital, and tier 2 capital include phase-out periods for certain instruments from January 2015 through December 2017.", "The primary items subject to the phase-out from capital for us are other intangible assets, DTAs that arise from tax loss and credit carryforwards, and trust preferred securities.", "Risk-weighted assets under the Basel III Standardized Approach are generally based on supervisory risk weightings that vary only by counterparty type and asset class.", "The revisions to supervisory risk weightings for Basel III enhance risk sensitivity and include alternatives to the use of credit ratings when calculating the risk weight for certain assets.", "Specifically, Basel III includes a more risk-sensitive treatment for past due and nonaccrual loans, certain commercial loans, MSRs, and certain unfunded commitments.", "Basel III also prescribes a new formulaic approach for calculating the risk weight of securitization exposures that is also more risk sensitive.", "Failure to meet applicable capital guidelines could subject the financial institution to a variety of enforcement remedies available to the federal regulatory authorities.", "These include limitations on the ability to pay dividends, the issuance by the regulatory authority of a directive to increase capital, and the termination of deposit insurance by the FDIC.", "In addition, the financial institution could be subject to the measures described below under Prompt Corrective Action as applicable to under\u0002capitalized institutions.", "The risk-based capital standards of the Federal Reserve, the OCC, and the FDIC specify that evaluations by the banking agencies of a bank’s capital adequacy will include an assessment of the exposure to declines in the economic value of a bank’s capital due to changes in interest rates.", "These banking agencies issued a joint policy statement on interest rate risk describing prudent methods for monitoring such risk that rely principally on internal measures of exposure and active oversight of risk management activities by senior management.", "Home equity – Home equity lending includes both home equity loans and lines-of-credit.", "This type of lending, which is secured by a first-lien or junior-lien on the borrower’s residence, allows customers to borrow against the equity in their home or refinance existing mortgage debt.", "Products include closed-end loans which are generally fixed-rate with principal and interest payments, and variable-rate, interest-only lines-of-credit which do not require payment of principal during the 10-year revolving period.", "The home equity line of credit may convert to a 20-year amortizing structure at the end of the revolving period.", "Applications are underwritten centrally in conjunction with an automated underwriting system.", "The home equity underwriting criteria is based on minimum credit scores, debt-to-income ratios, and LTV ratios, with current collateral valuations.", "The underwriting for the floating rate lines of credit also incorporates a stress analysis for a rising interest rate.", "Residential mortgage – Residential mortgage loans represent loans to consumers for the purchase or refinance of a residence.", "These loans are generally financed over a 15-year to 30-year term, and in most cases, are extended to borrowers to finance their primary residence.", "Applications are underwritten centrally using consistent credit policies and processes.", "All residential mortgage loan decisions utilize a full appraisal for collateral valuation.", "Huntington has not originated or acquired residential mortgages that allow negative amortization or allow the borrower multiple payment options.", "Other consumer – Other consumer loans primarily consists of consumer loans not secured by real estate, including personal unsecured loans, overdraft balances, and credit cards.", "The table below provides the composition of our total loan and lease portfolio: Table 8 - Loan and Lease Portfolio Composition (dollar amounts in millions)", "||At December 31,|\n||2015|2014|2013|2012|2011|\n|Commercial: -1|||||||||||\n|Commercial and industrial|$20,560|41%|$19,033|40%|$17,594|41%|$16,971|42%|$14,699|38%|\n|Commercial real estate:|||||||||||\n|Construction|1,031|2|875|2|557|1|648|2|580|1|\n|Commercial|4,237|8|4,322|9|4,293|10|4,751|12|5,246|13|\n|Total commercial real estate|5,268|10|5,197|11|4,850|11|5,399|14|5,826|14|\n|Total commercial|25,828|51|24,230|51|22,444|52|22,370|56|20,525|52|\n|Consumer:|||||||||||\n|Automobile|9,481|19|8,690|18|6,639|15|4,634|11|4,458|11|\n|Home equity|8,471|17|8,491|18|8,336|19|8,335|20|8,215|21|\n|Residential mortgage|5,998|12|5,831|12|5,321|12|4,970|12|5,228|13|\n|Other consumer|563|1|414|1|380|2|419|1|498|3|\n|Total consumer|24,513|49|23,426|49|20,676|48|18,358|44|18,399|48|\n|Total loans and leases|$50,341|100%|$47,656|100%|$43,120|100%|$40,728|100%|$38,924|100%|\n", "(1) As defined by regulatory guidance, there were no commercial loans outstanding that would be considered a concentration of lending to a particular industry or group of industries.", "Our loan portfolio is diversified by consumer and commercial credit.", "At the corporate level, we manage the credit exposure in part via a credit concentration policy.", "The policy designates specific loan types, collateral types, and loan structures to be formally tracked and assigned limits as a percentage of capital.", "C&I lending by NAICS categories, specific limits for CRE primary project types, loans secured by residential real estate, shared national credit exposure, and designated high risk loan definitions represent examples of specifically tracked components of our concentration management process.", "Currently there are no identified concentrations that exceed the established limit.", "Our concentration management policy is approved by the Risk Oversight Committee (ROC) and is one of the strategies used to ensure a high quality, well diversified portfolio that is consistent with our overall objective of maintaining an aggregate moderate-to-low risk profile.", "Changes to existing concentration limits require the approval of the ROC prior to implementation, incorporating specific information relating to the potential impact on the overall portfolio composition and performance metrics.", "The table below provides our total loan and lease portfolio segregated by the type of collateral securing the loan or lease.", "The changes in the collateral composition from December 31, 2014 are consistent with the portfolio growth metrics, with increases noted", "Table 48 - Selected Quarterly Income Statement, Capital, and Other Data (1)", "||2014|\n|Capital adequacy|December 31,|September 30,|June 30,|March 31,|\n|Total risk-weighted assets(in millions)(11)|$54,479|$53,239|$53,035|$51,120|\n|Tier 1 leverage ratio-11|9.74%|9.83%|10.01%|10.32%|\n|Tier 1 risk-based capital ratio-11|11.50|11.61|11.56|11.95|\n|Total risk-based capital ratio-11|13.56|13.72|13.67|14.13|\n|Tier 1 common risk-based capital ratio-11|10.23|10.31|10.26|10.60|\n|Tangible common equity / tangible asset ratio-8|8.17|8.35|8.38|8.63|\n|Tangible equity / tangible asset ratio-9|8.76|8.95|8.99|9.26|\n|Tangible common equity / risk-weighted assets ratio-11|9.86|9.99|9.99|10.22|\n", "(1) Comparisons for presented periods are impacted by a number of factors.", "Refer to the Significant Items section for additional discussion regarding these items.", "(2) For all quarterly periods presented above, the impact of the convertible preferred stock issued in April of 2008 was excluded from the diluted share calculation because the result would have been higher than basic earnings per common share (anti\u0002dilutive) for the periods.", "(3) Deferred tax liability related to other intangible assets is calculated assuming a 35% tax rate.", "(4) High and low stock prices are intra-day quotes obtained from Bloomberg.", "(5) Net income applicable to common shares excluding expense for amortization of intangibles for the period divided by average tangible common shareholders’ equity.", "Average tangible common shareholders’ equity equals average total common shareholders’ equity less average intangible assets and goodwill.", "Expense for amortization of intangibles and average intangible assets are net of deferred tax liability, and calculated assuming a 35% tax rate.", "(6) Noninterest expense less amortization of intangibles and goodwill impairment divided by the sum of FTE net interest income and noninterest income excluding securities gains (losses).", "(7) Presented on a FTE basis assuming a 35% tax rate.", "(8) Tangible common equity (total common equity less goodwill and other intangible assets) divided by tangible assets (total assets less goodwill and other intangible assets).", "Other intangible assets are net of deferred tax, and calculated assuming a 35% tax rate.", "(9) Tangible equity (total equity less goodwill and other intangible assets) divided by tangible assets (total assets less goodwill and other intangible assets).", "Other intangible assets are net of deferred tax, and calculated assuming a 35% tax rate.", "(10) On January 1, 2015, we became subject to the Basel III capital requirements and the standardized approach for calculating risk-weighted assets in accordance with subpart D of the final capital rule.", "(11) Ratios are calculated on the Basel I basis.", "ADDITIONAL DISCLOSURES Forward-Looking Statements This report, including MD&A, contains certain forward-looking statements, including certain plans, expectations, goals, projections, and statements, which are subject to numerous assumptions, risks, and uncertainties.", "Statements that do not describe historical or current facts, including statements about beliefs and expectations, are forward-looking statements.", "Forward-looking statements may be identified by words such as expect, anticipate, believe, intend, estimate, plan, target, goal, or similar expressions, or future or conditional verbs such as will, may, might, should, would, could, or similar variations.", "The forward-looking statements are intended to be subject to the safe harbor provided by Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995.", "While there is no assurance that any list of risks and uncertainties or risk factors is complete, below are certain factors which could cause actual results to differ materially from those contained or implied in the forward-looking statements: (1) worsening of credit quality performance due to a number of factors such as the underlying value of collateral that could prove less valuable than otherwise assumed and assumed cash flows may be worse than expected, (2) changes in general economic, political, or industry conditions, uncertainty in U. S.  fiscal and monetary policy, including the interest rate policies of the Federal Reserve Board, volatility and disruptions in global capital and credit markets, (3) movements in interest rates, (4) competitive pressures on product pricing and services, (5) success, impact, and timing of our business strategies, including market acceptance of any new products or services", "technical and research personnel and lab facilities, and significantly expanded the portfolio of patents available to us via license and through a cooperative development program.", "In addition, we have acquired a 20 percent interest in GRT, Inc.", "The GTFTM technology is protected by an intellectual property protection program.", "The U. S.  has granted 17 patents for the technology, with another 22 pending.", "Worldwide, there are over 300 patents issued or pending, covering over 100 countries including regional and direct foreign filings.", "Another innovative technology that we are developing focuses on reducing the processing and transportation costs of natural gas by artificially creating natural gas hydrates, which are more easily transportable than natural gas in its gaseous form.", "Much like LNG, gas hydrates would then be regasified upon delivery to the receiving market.", "We have an active pilot program in place to test and further develop a proprietary natural gas hydrates manufacturing system.", "The above discussion of the Integrated Gas segment contains forward-looking statements with respect to the possible expansion of the LNG production facility.", "Factors that could potentially affect the possible expansion of the LNG production facility include partner and government approvals, access to sufficient natural gas volumes through exploration or commercial negotiations with other resource owners and access to sufficient regasification capacity.", "The foregoing factors (among others) could cause actual results to differ materially from those set forth in the forward-looking statements.", "Refining, Marketing and Transportation We have refining, marketing and transportation operations concentrated primarily in the Midwest, upper Great Plains, Gulf Coast and Southeast regions of the U. S.  We rank as the fifth largest crude oil refiner in the U. S.  and the largest in the Midwest.", "Our operations include a seven-plant refining network and an integrated terminal and transportation system which supplies wholesale and Marathon-brand customers as well as our own retail operations.", "Our wholly-owned retail marketing subsidiary Speedway SuperAmerica LLC (“SSA”) is the third largest chain of company-owned and -operated retail gasoline and convenience stores in the U. S.  and the largest in the Midwest.", "Refining We own and operate seven refineries with an aggregate refining capacity of 1.188 million barrels per day (“mmbpd”) of crude oil as of December 31, 2009.", "During 2009, our refineries processed 957 mbpd of crude oil and 196 mbpd of other charge and blend stocks.", "The table below sets forth the location and daily crude oil refining capacity of each of our refineries as of December 31, 2009."], "table_evidence": [42], "paragraph_evidence": [41], "source": "multihiertt", "original_question_id": "a5a2f90df90d4b75bb43261dd256e07c"}
{"question": "If Total operating revenues develops with the same increasing rate in 2011, what will it reach in 2012? (in million)", "python_solution": "def solution():\n    # Define variables\n    total_operating_revenues_2011 = 4092.2\n    total_operating_revenues_2010 = 3487.7\n\n    # Calculate the rate of increase\n    rate_of_increase = (total_operating_revenues_2011 - total_operating_revenues_2010) / total_operating_revenues_2010\n\n    # Estimate the total operating revenues for 2012\n    answer = total_operating_revenues_2011 * (1 + rate_of_increase)\n\n    return answer", "ground_truth": 4801.473991455687, "question_id": "simplong-testmini-2", "paragraphs": ["Other Liquidity Items Cash payments required for long-term debt maturities, rental payments under noncancellable operating leases, purchase obligations and other commitments in effect at December 31, 2010, are summarized in the following table:", "||Payments Due By Period(a)|\n|($ in millions)|Total|Less than1 Year|1-3 Years|3-5 Years|More than5 Years|\n|Long-term debt, including capital leases|$2,750.1|$34.5|$188.3|$367.1|$2,160.2|\n|Interest payments on long-term debt(b)|1,267.5|160.5|316.4|304.2|486.4|\n|Operating leases|93.2|31.1|37.1|16.6|8.4|\n|Purchase obligations(c)|6,586.9|2,709.5|3,779.4|98.0|−|\n|Total payments on contractual obligations|$10,697.7|$2,935.6|$4,321.2|$785.9|$2,655.0|\n", "(a) Amounts reported in local currencies have been translated at the year-end 2010 exchange rates.", "(b) For variable rate facilities, amounts are based on interest rates in effect at year end and do not contemplate the effects of hedging instruments.", "(c) The company’s purchase obligations include contracted amounts for aluminum, steel and other direct materials.", "Also included are commitments for purchases of natural gas and electricity, aerospace and technologies contracts and other less significant items.", "In cases where variable prices and/or usage are involved, management’s best estimates have been used.", "Depending on the circumstances, early termination of the contracts may or may not result in penalties and, therefore, actual payments could vary significantly.", "The table above does not include $60.1 million of uncertain tax positions, the timing of which is uncertain.", "Contributions to the company’s defined benefit pension plans, not including the unfunded German plans, are expected to be in the range of $30 million in 2011.", "This estimate may change based on changes in the Pension Protection Act and actual plan asset performance, among other factors.", "Benefit payments related to these plans are expected to be $71.4 million, $74.0 million, $77.1 million, $80.3 million and $84.9 million for the years ending December 31, 2011 through 2015, respectively, and a total of $483.1 million for the years 2016 through 2020.", "Payments to participants in the unfunded Other Liquidity Items Cash payments required for long-term debt maturities, rental payments under noncancellable operating leases, purchase obligations and other commitments in effect at December 31, 2010, are summarized in the following table:", "(a) Amounts reported in local currencies have been translated at the year-end 2010 exchange rates.", "(b) For variable rate facilities, amounts are based on interest rates in effect at year end and do not contemplate the effects of hedging instruments.", "(c) The company¡¯s purchase obligations include contracted amounts for aluminum, steel and other direct materials.", "Also included are commitments for purchases of natural gas and electricity, aerospace and technologies contracts and other less significant items.", "In cases where variable prices and/or usage are involved, management¡¯s best estimates have been used.", "Depending on the circumstances, early termination of the contracts may or may not result in penalties and, therefore, actual payments could vary significantly.", "The table above does not include $60.1 million of uncertain tax positions, the timing of which is uncertain.", "Contributions to the company¡¯s defined benefit pension plans, not including the unfunded German plans, are expected to be in the range of $30 million in 2011.", "This estimate may change based on changes in the Pension Protection Act and actual plan asset performance, among other factors.", "Benefit payments related to these plans are expected to be $71.4 million, $74.0 million, $77.1 million, $80.3 million and $84.9 million for the years ending December 31, 2011 through 2015, respectively, and a total of $483.1 million for the years 2016 through 2020.", "Payments to participants in the unfunded German plans are expected to be between $21.8 million (€16.5 million) to $23.2 million (€17.5 million) in each of the years 2011 through 2015 and a total of $102.7 million (€77.5 million) for the years 2016 through 2020.", "For the U. S.  pension plans in 2011, we changed our return on asset assumption to 8.00 percent (from 8.25 percent in 2010) and our discount rate assumption to an average of 5.55 percent (from 6.00 percent in 2010).", "Based on the changes in assumptions, pension expense in 2011 is anticipated to be relatively flat compared to 2010.", "A reduction of the expected return on pension assets assumption by a quarter of a percentage point would result in an estimated $2.9 million increase in the 2011 global pension expense, while a quarter of a percentage point reduction in the discount rate applied to the pension liability would result in an estimated $3.5 million of additional pension expense in 2011.", "Additional information regarding the company¡¯s pension plans is provided in Note 14 accompanying the consolidated financial statements within Item 8 of this report.", "Annual cash dividends paid on common stock were 20 cents per share in 2010, 2009 and 2008.", "Total dividends paid were $35.8 million in 2010, $37.4 million in 2009 and $37.5 million in 2008.", "On January 26, 2011, the company¡¯s board of directors approved an increase in the quarterly dividends to 7 cents per share.", "Share Repurchases Our share repurchases, net of issuances, totaled $506.7 million in 2010, $5.1 million in 2009 and $299.6 million in 2008.", "On November 2, 2010, we acquired 2,775,408 shares of our publicly held common stock in a private transaction for $88.8 million.", "On February 17, 2010, we entered into an accelerated share repurchase agreement to buy $125.0 million of our common shares using cash on hand and available borrowings.", "We advanced the $125.0 million on February 22, 2010, and received 4,323,598 shares, which represented 90 percent of the total shares as calculated using the previous day¡¯s closing price.", "The agreement was settled on May 20, 2010, and the company received an additional 398,206 shares.", "Net repurchases in 2008 included a $31 million settlement on January 7, 2008, of a forward contract entered into in December 2007 for the repurchase of 1,350,000 shares.", "From January 1 through February 24, 2011, Ball repurchased an additional $143.3 million of its common stock.", "Table of Contents into U. S.  Dollars using the spot foreign exchange rate in effect on the exercise date.", "Upon the exercise of share options, the company either issues new shares or can utilize shares held in treasury (see Note 10, “Share Capital”) to satisfy the exercise.", "The share option plans provided for a grant price equal to the quoted market price of the company's shares on the date of grant.", "If the options remain unexercised after a period of 10 years from the date of grant, the options expire.", "Furthermore, options are forfeited if the employee leaves the company before the options vest.", "All options outstanding at December 31, 2011were exercisable and had a range of exercise prices from ￡6.39 to ￡19.19, and weighted average remaining contractual life of 2.62 years.", "The total intrinsic value of options exercised during the years ended December 31, 2011, 2010, and 2009, was $9.2 million, $18.5 million, and $20.7 million, respectively.", "At December 31, 2011, the aggregate intrinsic value of options outstanding and options exercisable was $36.3 million.", "The market price of the company's common stock at December 31, 2011 was $20.09 (December 31, 2010: $24.06).", "Changes in outstanding share option awards are as follows:", "||2011|2010|2009|\n|Millions of shares, except prices|Options|Weighted Average Exercise Price(£ Sterling)|Options|Weighted Average Exercise Price(£ Sterling)|Options|Weighted Average Exercise Price(£ Sterling)|\n|Outstanding at the beginning of year|10.7|13.85|16.4|14.99|23.1|14.06|\n|Forfeited during the year|-5.3|19.70|-3.9|21.90|-2.1|15.15|\n|Exercised during the year|-0.9|8.33|-1.8|6.70|-4.6|10.20|\n|Outstanding at the end of the year|4.5|7.85|10.7|13.85|16.4|14.99|\n|Exercisable at the end of the year|4.5|7.85|10.7|13.85|16.4|14.99|\n", "13.", "RETIREMENT BENEFIT PLANS Defined Contribution Plans The company operates defined contribution retirement benefit plans for all qualifying employees.", "The assets of the plans are held separately from those of the company in funds under the control of trustees.", "When employees leave the plans prior to vesting fully in the contributions, the contributions payable by the company are reduced by the amount of forfeited contributions.", "The total amounts charged to the Consolidated Statements of Income for the year ended December 31, 2011, of $53.2 million (December 31, 2010: $47.0 million, 2009: $43.6 million) represent contributions paid or payable to these plans by the company at rates specified in the rules of the plans.", "As of December 31, 2011, accrued contributions of $20.0 million (December 31, 2010: $18.9 million) for the current year will be paid to the plans.", "Defined Benefit Plans The company maintains legacy defined benefit pension plans for qualifying employees of its subsidiaries in the U. K. , Ireland, Germany and Taiwan.", "All defined benefit plans are closed to new participants.", "The company also maintains a postretirement medical plan in the U. S. , which was closed to new participants in 2005.", "In 2006, the plan was amended to eliminate benefits for all participants who will not meet retirement eligibility by 2008.", "The assets of all defined benefit schemes are held in separate trustee-administered funds.", "Under the plans, the employees are generally entitled to retirement benefits based on final salary at retirement.", "The most recent actuarial valuations of plan assets and the present value of the defined benefit obligation were valued as of December 31, 2011.", "The benefit obligation, related current service cost and prior service cost were measured using the projected unit credit method.", "|$ in millions|Before Consolidation-1|Consolidated Investment Products|Adjustments-1(2)|Total|\n|Year ended December 31, 2010|||||\n|Total operating revenues|3,532.7|0.3|-45.3|3,487.7|\n|Total operating expenses|2,887.8|55.3|-45.3|2,897.8|\n|Operating income|644.9|-55.0|—|589.9|\n|Equity in earnings of unconsolidated affiliates|40.8|—|-0.6|40.2|\n|Interest and dividend income|10.4|246.0|-5.1|251.3|\n|Other investment income/(losses)|15.6|107.6|6.4|129.6|\n|Interest expense|-58.6|-123.7|5.1|-177.2|\n|Income before income taxes|653.1|174.9|5.8|833.8|\n|Income tax provision|-197.0|—|—|-197.0|\n|Net income|456.1|174.9|5.8|636.8|\n|(Gains)/losses attributable to noncontrolling interests in consolidated entities, net|-0.2|-170.8|-0.1|-171.1|\n|Net income attributable to common shareholders|455.9|4.1|5.7|465.7|\n", "(1) The Before Consolidation column includes Invesco's equity interests in the investment products accounted for as equity method (private equity and real estate partnership funds) and available-for-sale investments (CLOs).", "Upon consolidation of the CLOs, the company's and the CLOs' accounting policies are effectively aligned, resulting in the reclassification of the company's gain for the year ended December 31, 2011 of $20.3 million (representing the increase in the market value of the company's holding in the consolidated CLOs) from other comprehensive income into other gains/losses (year ended December 31, 2010: $6.4 million).", "The company's gain on its investment in the CLOs (before consolidation) eliminates with the company's share of the offsetting loss on the CLOs' debt.", "The net income arising from consolidation of CLOs is therefore completely attributed to other investors in these CLOs, as the company's share has been eliminated through consolidation.", "The Before Consolidation column does not include any other adjustments related to non-GAAPfinancial measure presentation.", "(2) Adjustments include the elimination of intercompany transactions between the company and its consolidated investment products, primarily the elimination of management fees expensed by the funds and recorded as operating revenues (before consolidation) by the company.", "Operating Revenues and Net Revenues The main categories of revenues, and the dollar and percentage change between the periods, are as follows:", "|$ in millions|2011|2010|$ Change|% Change|\n|Investment management fees|3,138.5|2,720.9|417.6|15.3%|\n|Service and distribution fees|780.3|645.5|134.8|20.9%|\n|Performance fees|37.9|26.1|11.8|45.2%|\n|Other|135.5|95.2|40.3|42.3%|\n|Total operating revenues|4,092.2|3,487.7|604.5|17.3%|\n|Third-party distribution, service and advisory expenses|-1,282.5|-1,053.8|-228.7|21.7%|\n|Proportional share of revenues, net of third-party distribution expenses, from joint venture investments|41.4|42.2|-0.8|-1.9%|\n|Management fees earned from consolidated investment products|46.8|45.3|1.5|3.3%|\n|Performance fees earned from consolidated investment products|0.5|—|0.5|N/A|\n|Other revenues recorded by consolidated investment products|—|-0.3|0.3|-100.0%|\n|Net revenues|2,898.4|2,521.1|377.3|15.0%|\n", "Operating revenues increased by 17.3% in the year ended December 31, 2011 to $4,092.2 million (year ended December 31, 2010: $3,487.7 million).", "Net revenues increased by 15.0% in in the year ended December 31, 2011 to $2,898.4 million (year ended December 31, 2010: $2,521.1 million).", "Net revenues are operating revenues less third-party distribution, service and advisory expenses, plus our proportional share of net revenues from joint venture arrangements, plus management and performance fees", "Table of Contents both probable and reasonably estimable.", "We must from time to time make material estimates with respect to legal and other contingencies.", "The nature of our business requires compliance with various state and federal statutes, as well as various contractual obligations, and exposes us to a variety of legal proceedings and matters in the ordinary course of business.", "While the outcomes of matters such as these are inherently uncertain and difficult to predict, we maintain reserves reflected in other current and other non-current liabilities, as appropriate, for identified losses that are, in our judgment, probable and reasonably estimable.", "Management's judgment is based on the advice of legal counsel, ruling on various motions by the applicable court, review of the outcome of similar matters, if applicable, and review of guidance from state or federal agencies, if applicable.", "Contingent consideration payable in relation to a business acquisition is recorded as of the acquisition date as part of the fair value transferred in exchange for the acquired business.", "Recent Accounting Standards See Item 8, Financial Statements and Supplementary Data - Note 1, “Accounting Policies - Accounting Pronouncements Recently Adopted and Pending Accounting Pronouncements.", "” Item 7A.", "Quantitative and Qualitative Disclosures About Market Risk In the normal course of its business, the company is primarily exposed to market risk in the form of securities market risk, interest rate risk, and foreign exchange rate risk.", "AUM Market Price Risk The company's investment management revenues are comprised of fees based on a percentage of the value of AUM.", "Declines in equity or fixed income security market prices could cause revenues to decline because of lower investment management fees by: ?", "Causing the value of AUM to decrease.  ?", "Causing the returns realized on AUM to decrease (impacting performance fees).  ?", "Causing clients to withdraw funds in favor of investments in markets that they perceive to offer greater opportunity and that the company does not serve.  ?", "Causing clients to rebalance assets away from investments that the company manages into investments that the company does not manage.  ?", "Causing clients to reallocate assets away from products that earn higher revenues into products that earn lower revenues.", "Underperformance of client accounts relative to competing products could exacerbate these factors.", "Securities Market Risk The company has investments in sponsored investment products that invest in a variety of asset classes.", "Investments are generally made to establish a track record or to hedge economically exposure to certain deferred compensation plans.", "The company's exposure to market risk arises from its investments.", "The following table summarizes the fair values of the investments exposed to market risk and provides a sensitivity analysis of the estimated fair values of those investments, assuming a 20% increase or decrease in fair values:"], "table_evidence": [71], "paragraph_evidence": [70], "source": "multihiertt", "original_question_id": "71c52a7bfd964525bc87137f0ac6df84"}
{"question": "what was the percentage change in net sales from 2011 to 2012?", "python_solution": "def solution():\n    # Define variables name and value\n    net_sales_2012 = 156508\n    net_sales_2011 = 108249\n    \n    # Do math calculation to get the answer\n    sales_difference = net_sales_2012 - net_sales_2011\n    answer = (sales_difference / net_sales_2011) * 100\n    \n    return answer", "ground_truth": 44.58147419375699, "question_id": "simplong-testmini-3", "paragraphs": ["$43.3 million in 2011 compared to $34.1 million in 2010.", "The Retail segment represented 13% and 15% of the Company’s total net sales in 2011 and 2010, respectively.", "The Retail segment’s 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):", "||2012|2011|2010|\n|Net sales|$156,508|$108,249|$65,225|\n|Cost of sales|87,846|64,431|39,541|\n|Gross margin|$68,662|$43,818|$25,684|\n|Gross margin percentage|43.9%|40.5%|39.4%|\n", "The gross margin percentage in 2012 was 43.9%, compared to 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% compared to 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%, compared to 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% 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’s 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 “Risk Factors” 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’s 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’s ability to manage product quality and warranty costs effectively and to stimulate demand for certain of its products.", "Due to the Company’s significant international operations, financial results can be significantly affected in the short-term by fluctuations in exchange rates.", "PRUDENTIAL FINANCIAL, INC.  Notes to Consolidated Financial Statements The Company’s liability for future policy benefits is also inclusive of liabilities for guaranteed benefits related to certain long-duration life and annuity contracts.", "Liabilities for guaranteed benefits with embedded derivative features are primarily in “other contract liabilities” in the table above.", "The remaining liabilities for guaranteed benefits are primarily reflected with the underlying contract.", "See Note 11 for additional information regarding liabilities for guaranteed benefits related to certain long-duration life and annuity contracts.", "Premium deficiency reserves included in “Future policy benefits” are established, if necessary, when the liability for future policy benefits plus the present value of expected future gross premiums are determined to be insufficient to provide for expected future policy benefits and expenses.", "Premium deficiency reserves have been recorded for the group single premium annuity business, which consists of limited-payment, long-duration traditional, non-participating annuities; structured settlements; single premium immediate annuities with life contingencies; long-term care; and for certain individual health policies.", "Unpaid claims and claim adjustment expenses primarily reflect the Company’s estimate of future disability claim payments and expenses as well as estimates of claims incurred but not yet reported as of the balance sheet dates related to group disability products.", "Unpaid claim liabilities that are discounted use interest rates ranging from 3.0% to 6.4%.", "Policyholders’ Account Balances Policyholders’ account balances at December 31 for the years indicated are as follows:", "||2015|2014|\n||(in millions)|\n|Individual annuities|$37,384|$37,718|\n|Group annuities|27,141|27,200|\n|Guaranteed investment contracts and guaranteed interest accounts|14,122|14,428|\n|Funding agreements|3,997|4,691|\n|Interest-sensitive life contracts|32,502|30,406|\n|Dividend accumulation and other|21,638|21,707|\n|Total policyholders’ account balances|$136,784|$136,150|\n", "Policyholders’ account balances primarily represent an accumulation of account deposits plus credited interest less withdrawals, expense charges and mortality charges, if applicable.", "These policyholders’ account balances also include provisions for benefits under non\u0002life contingent payout annuities.", "Included in “Funding agreements” at December 31, 2015 and 2014 are $2,957 million and $2,705 million, respectively, related to the Company’s FANIP.", "Under this program, which has a maximum authorized amount of $15 billion, a Delaware statutory trust issues medium-term notes to investors that are secured by funding agreements issued to the trust by Prudential Insurance.", "The outstanding notes have fixed or floating interest rates that range from 0.5% to 2.6% and original maturities ranging from two to ten years.", "Included in the amounts at December 31, 2015 and 2014 is the medium-term note liability, which is carried at amortized cost, of $2,958 million and $2,705 million, respectively.", "For additional details on the FANIP, see Note 5.", "Also included in “Funding agreements” are collateralized funding agreements issued to the Federal Home Loan Bank of New York (“FHLBNY”) of $1,001 million and $1,947 million, as of December 31, 2015 and 2014, respectively.", "These obligations, which are carried at amortized cost, have fixed or floating interest rates that range from 0.8% to 1.7% and original maturities ranging from four to seven years.", "For additional details on the FHLBNY program, see Note 14.", "Interest crediting rates range from 0% to 7.5% for interest-sensitive life contracts and from 0% to 12.5% for contracts other than interest-sensitive life.", "Less than 1% of policyholders’ account balances have interest crediting rates in excess of 8%.11.", "CERTAIN LONG-DURATION CONTRACTS WITH GUARANTEES The Company issues variable annuity contracts through its separate accounts for which investment income and investment gains and losses accrue directly to, and investment risk is borne by, the contractholder.", "The Company also issues variable annuity contracts with general and separate account options where the Company contractually guarantees to the contractholder a return of no less than total deposits made to the contract adjusted for any partial withdrawals (“return of net deposits”).", "In certain of these variable annuity contracts, the Company also contractually guarantees to the contractholder a return of no less than (1) total deposits made to the contract adjusted for any partial withdrawals plus a minimum return (“minimum return”), and/or (2) the highest contract value on a specified date adjusted for any withdrawals (“contract value”).", "These guarantees include benefits that are payable in the event of death, annuitization or at specified dates during the accumulation period and withdrawal and income benefits payable during specified periods.", "The Company also issues annuity contracts with market value adjusted investment options (“MVAs”), which provide for a return of principal plus a fixed rate of return if held-to-maturity, or, alternatively, a “market adjusted value” if surrendered prior to maturity or if funds are reallocated to other investment options.", "The market value adjustment may result in a gain or loss to the Company, depending on crediting rates or an indexed rate at surrender, as applicable.", "The Company also issues fixed deferred annuity contracts without MVA that have a guaranteed credited rate and annuity benefit.", "In addition, the Company issues certain variable life, variable universal life and universal life contracts where the Company contractually guarantees to the contractholder a death benefit even when there is insufficient value to cover monthly mortality and expense charges, whereas otherwise the contract would typically lapse (no-lapse guarantee).", "Variable life and variable universal life contracts are offered with general and separate account options.", "Operating Results The following table sets forth the Individual Annuities segment’s operating results for the periods indicated.", "||Year ended December 31,|\n||2015|2014|2013|\n||(in millions)|\n|Operating results:||||\n|Revenues|$4,695|$4,710|$4,465|\n|Benefits and expenses|2,898|3,243|2,380|\n|Adjusted operating income|1,797|1,467|2,085|\n|Realized investment gains (losses), net, and related adjustments|1,588|521|-5,918|\n|Related charges|-624|-137|1,716|\n|Income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures|$2,761|$1,851|$-2,117|\n", "Adjusted Operating Income 2015 to 2014 Annual Comparison.", "Adjusted operating income increased $330 million.", "Excluding the impacts of changes in the estimated profitability of the business, discussed below, adjusted operating income increased $39 million.", "The increase was driven by higher asset-based fee income due to growth in average variable annuity account values, net of a related increase in asset-based commissions, a decline in interest expense driven by lower debt, and a decline in amortization costs.", "Partially offsetting this net increase were costs for contract cancellations in connection with remediation of an error in an illustration contained in certain product marketing materials, higher operating expenses and a decline in net investment income driven by lower income on non-coupon investments.", "The impacts of changes in the estimated profitability of the business include adjustments to the amortization of DAC and other costs and to the reserves for the GMDB and GMIB features of our variable annuity products.", "These adjustments resulted in a net benefit of $162 million and a net charge of $129 million in 2015 and 2014, respectively.", "The $162 million net benefit in 2015 primarily reflected the net impact of equity market performance on contractholder accounts relative to our assumptions, as well as a net benefit resulting from our annual review and update of assumptions.", "The $129 million net charge in 2014 primarily reflected the impact of lower expected rates of return on fixed income investments within contractholder accounts and on future expected claims relative to our assumptions, which more than offset a net favorable impact from equity market performance.", "Partially offsetting this net charge was a net benefit resulting from the annual review and update of assumptions performed in that year.2014 to 2013 Annual Comparison.", "Adjusted operating income decreased $618 million.", "Excluding the impacts of changes in the estimated profitability of the business, discussed below, adjusted operating income increased $207 million.", "The increase was driven by higher asset-based fee income due to growth in average variable annuity account values, net of a related increase in asset-based commissions.", "Also contributing to the increase were lower amortization costs and reserve provisions for the GMDB and GMIB features of our variable annuity products.", "Adjustments to the amortization of DAC and other costs and to the reserves for the GMDB and GMIB features of our variable annuity products resulted in a net charge of $129 million and a net benefit of $696 million in 2014 and 2013, respectively.", "The $129 million net charge in 2014 primarily reflected the impact of lower expected rates of return on fixed income investments within contractholder accounts and on future expected claims relative to our assumptions, which more than offset a net favorable impact from equity market performance.", "Partially offsetting this net charge was a net benefit resulting from the annual review and update of assumptions performed in that year.", "The $696 million net benefit in 2013 included a $301 million net benefit resulting from the annual review and update of assumptions and other refinements performed in that year.", "The remaining net benefit reflected the impact of positive market performance on contractholder accounts relative to our assumptions.", "Revenues, Benefits and Expenses 2015 to 2014 Annual Comparison.", "Revenues, as shown in the table above under “—Operating Results,” decreased $15 million, primarily driven by a $27 million decrease in net investment income due to lower income on non-coupon investments, partially offset by a $19 million increase in policy charges and fee income due to growth in average variable annuity account values.", "Benefits and expenses, as shown in the table above under “—Operating Results,” decreased $345 million.", "Absent the $291 million net decrease related to the impacts of certain changes in our estimated profitability of the business discussed above, benefits and expenses decreased $54 million.", "Interest expense decreased $38 million driven by lower debt, and interest credited to policyholders’ account balances decreased $26 million driven by lower average account values in the general account.", "Partially offsetting these decreases was a $14 million increase in policyholders’ benefits driven by costs for contract cancellations, as discussed above.2014 to 2013 Annual Comparison.", "Revenues increased $245 million, primarily driven by a $311 million increase in policy charges and fee income, asset management and service fees and other income, due to growth in average variable annuity account values.", "Partially offsetting this increase was a $63 million decline in net investment income, driven by lower reinvestment rates and lower average account values in the general account due to surrenders of legacy general account products.", "Benefits and expenses increased $863 million.", "Absent the $825 million net increase related to the impacts of certain changes in our estimated profitability of the business discussed above, benefits and expenses increased $38 million.", "General and administrative expenses, net of capitalization, increased $111 million, driven by higher asset-based commissions and asset management costs due to account value", "The following table sets forth the income yield and investment income for each major investment category of our general account investments, excluding both the Closed Block division and the Japanese insurance operations’ portion of the general account which is presented separately below, for the periods indicated.", "The yields are based on net investment income as reported under U. S.  GAAP and as such do not include certain interest related items, such as settlements of duration management swaps which are included in realized gains (losses).", "||Year Ended December 31,|\n||2015|2014|2013|\n||Yield-1|Amount|Yield-1|Amount|Yield-1|Amount|\n||($ in millions)|\n|Fixed maturities|4.67%|$5,686|4.69%|$5,461|4.65%|$5,306|\n|Trading account assets supporting insurance liabilities|3.79|688|3.96|730|3.99|741|\n|Equity securities|6.07|197|6.49|191|7.30|174|\n|Commercial mortgage and other loans|4.62|1,338|4.96|1,271|5.27|1,145|\n|Policy loans|5.52|250|5.66|253|5.45|228|\n|Short-term investments and cash equivalents|0.25|38|0.21|22|0.23|26|\n|Other investments|6.17|356|10.03|598|7.54|383|\n|Gross investment income before investment expenses|4.33|8,553|4.63|8,526|4.52|8,003|\n|Investment expenses|-0.15|-239|-0.15|-209|-0.12|-152|\n|Investment income after investment expenses|4.18%|8,314|4.48%|8,317|4.40%|7,851|\n|Investment results of other entities and operations-2||114||124||113|\n|Total investment income||$8,428||$8,441||$7,964|\n", "(1) Yields are based on quarterly average carrying values except for fixed maturities, equity securities and securities lending activity.", "Yields for fixed maturities are based on amortized cost.", "Yields for equity securities are based on cost.", "Yields for fixed maturities and short-term investments and cash equivalents are calculated net of liabilities and rebate expenses corresponding to securities lending activity.", "Yields exclude investment income on assets other than those included in invested assets.", "Prior period yields are presented on a basis consistent with the current period presentation.", "(2) Includes investment income of our asset management operations and derivative operations, as described below under “—Invested Assets of Other Entities and Operations.", "” The decrease in net investment income yield attributable to our general account investments, excluding both the Closed Block division and the Japanese operations’ portfolio, for 2015, compared to 2014, was primarily the result of lower income from non-coupon investments and lower fixed income reinvestment rates.", "The increase in net investment income yield attributable to our general account investments, excluding both the Closed Block division and the Japanese operations’ portfolio, for 2014, compared to 2013, was primarily the result of higher income from non-coupon investments and from reinvestments within certain asset portfolios primarily into higher yielding securities, primarily during the second half of 2013.", "The following table sets forth the income yield and investment income for each major investment category of our Japanese insurance operations’ general account for the periods indicated.", "The yields are based on net investment income as reported under U. S.  GAAP and as such do not include certain interest related items, such as settlements of duration management swaps which are included in realized gains and losses.", "||Year Ended December 31,|\n||2015|2014|2013|\n||Yield-1|Amount|Yield-1|Amount|Yield-1|Amount|\n||($ in millions)|\n|Fixed maturities|3.23%|$3,190|3.06%|$3,301|2.91%|$3,269|\n|Trading account assets supporting insurance liabilities|1.66|32|1.80|35|1.81|34|\n|Equity securities|4.77|69|5.06|84|4.69|82|\n|Commercial mortgage and other loans|4.45|390|4.20|294|4.21|258|\n|Policy loans|3.93|84|3.93|88|3.70|88|\n|Short-term investments and cash equivalents|0.32|5|0.24|4|0.19|4|\n|Other investments|5.32|133|6.67|155|6.12|170|\n|Gross investment income before investment expenses|3.35|3,903|3.18|3,961|3.02|3,905|\n|Investment expenses|-0.13|-155|-0.12|-153|-0.12|-156|\n|Total investment income|3.22%|$3,748|3.06%|$3,808|2.90%|$3,749|\n", "(1) Yields are based on quarterly average carrying values except for fixed maturities, equity securities and securities lending activity.", "Yields for fixed maturities are based on amortized cost.", "Yields for equity securities are based on cost.", "Yields for fixed maturities and short-term investments and cash equivalents are calculated net of liabilities and rebate expenses corresponding to securities lending activity.", "Yields exclude investment income on assets other than those included in invested assets.", "Prior period yields are presented on a basis consistent with the current period presentation.", "The increase in net investment income yield on the Japanese insurance portfolio for 2015, compared to 2014, was primarily attributable to a higher allocation into U. S.  dollar-denominated investments."], "table_evidence": [5], "paragraph_evidence": [-1], "source": "multihiertt", "original_question_id": "317533683dd34bd098fcf9ceff439b4d"}
{"question": "What is the average value of Greater than 4% of Individual Fixed Annuities in Table 0 and Cash at beginning of year in Table 2 in 2009? (in million)", "python_solution": "def solution():\n    # Define variables name and value\n    individual_fixed_annuities_greater_than_4_percent = 23885\n    cash_at_beginning_of_year = 8642\n    \n    # Do math calculation to get the answer\n    answer = (individual_fixed_annuities_greater_than_4_percent + cash_at_beginning_of_year) / 2\n    \n    return answer", "ground_truth": 16263.5, "question_id": "simplong-testmini-4", "paragraphs": ["2010 and 2009 Comparison Surrender rates have improved compared to the prior year for group retirement products, individual fixed annuities and individual variable annuities as surrenders have returned to more normal levels.", "Surrender rates for individual fixed annuities have decreased significantly in 2010 due to the low interest rate environment and the relative competitiveness of interest credited rates on the existing block of fixed annuities versus interest rates on alternative investment options available in the marketplace.", "Surrender rates for group retirement products are expected to increase in 2011 as certain large group surrenders are anticipated.2009 and 2008 Comparison Surrenders and other withdrawals increased in 2009 for group retirement products primarily due to higher large group surrenders.", "However, surrender rates and withdrawals have improved for individual fixed annuities and individual variable annuities.", "The following table presents reserves by surrender charge category and surrender rates:", "| |2010| 2009|\n| At December 31, (in millions) |Group Retirement Products*|Individual Fixed Annuities|Individual Variable Annuities|Group Retirement Products*|Individual Fixed Annuities|Individual Variable Annuities |\n|No surrender charge|$52,742|$14,006|$11,859|$47,854|$11,444|$11,161|\n|0% - 2%|1,292|3,510|4,083|1,509|3,054|4,094|\n|Greater than 2% - 4%|1,754|5,060|2,040|1,918|5,635|2,066|\n|Greater than 4%|2,753|22,777|7,361|3,213|23,885|6,758|\n|Non-Surrenderable|792|3,136|238|850|3,184|558|\n|Total reserves|$59,333|$48,489|$25,581|$55,344|$47,202|$24,637|\n|Surrender rates|10.3%|7.4%|11.4%|12.3%|14.4%|12.1%|\n", "* Excludes mutual funds of $9.0 billion and $8.1 billion in 2010 and 2009, respectively.", "Financial Services Operations AIG’s Financial Services subsidiaries engage in diversified activities including commercial aircraft leasing and the remaining Capital Markets portfolios, which are conducted through ILFC and AIGFP, respectively.", "Following the classification of AGF as discontinued operations in the third quarter of 2010 (see Note 4 to the Consolidated Financial Statements), AIG’s remaining consumer finance businesses are now reported in AIG’s Other operations category as part of Divested businesses.", "As discussed in Note 3 to the Consolidated Financial Statements, in order to align financial reporting with changes made during the third quarter of 2010 to the manner in which AIG’s chief operating decision makers review the businesses to make decisions about resources to be allocated and to assess performance, changes were made to AIG’s segment information.", "During the third quarter of 2010, AIG’s Asset Management Group undertook the management responsibilities for non-derivative assets and liabilities of the Capital Markets’ businesses of the Financial Services segment.", "These assets and liabilities are being managed on a spread basis, in concert with the MIP.", "Accordingly, gains and losses related to these assets and liabilities, primarily consisting of credit valuation adjustment gains and losses are reported in AIG’s Other operations category as part of Asset Management — Direct Investment business.", "Also, intercompany interest related to loans from AIG Funding Inc.  (AIG Funding) to AIGFP is no longer being allocated to Capital Markets from Other operations.", "The remaining Capital Markets derivatives business continues to be reported in the Financial Services segment as part of Capital Markets results.", "American International Group, Inc. , and Subsidiaries solely for illustrative purposes.", "The selection of these specific events should not be construed as a prediction, but only as a demonstration of the potential effects of such events.", "These scenarios should not be construed as the only risks AIG faces; these events are shown as an indication of several possible losses AIG could experience.", "In addition, losses from these and other risks could be materially higher than illustrated.", "The sensitivity factors utilized for 2010 and presented above were selected based on historical data from 1990 to 2010, as follows (see the table below): ?", "a 100 basis point parallel shift in the yield curve is broadly consistent with a one standard deviation movement of the benchmark ten-year treasury yield; ?", "a 20 percent drop for equity and alternative investments is broadly consistent with a one standard deviation movement in the S&P 500; and ?", "a 10 percent depreciation of foreign currency exchange rates is consistent with a one standard deviation movement in the U. S.  dollar (USD)/Japanese Yen (JPY) exchange rate.", "||Period|StandardDeviation|Suggested2010Scenario|2010 Scenarioas aMultiple ofStandardDeviation|2010 Change/ Return|2010 as aMultiple ofStandardDeviation|Original2009 Scenario(based onStandardDeviation for1989-2009Period)|\n|10-Year Treasury|1990-2010|0.01|0.01|1.01|-0.01|0.56|0.01|\n|S&P 500|1990-2010|0.19|0.20|1.05|0.13|0.67|0.20|\n|USD/JPY|1990-2010|0.11|0.10|0.92|0.15|1.34|0.10|\n", "Operational Risk Management AIG’s Operational Risk Management department (ORM) oversees AIG’s operational risk management practices.", "The Director of ORM reports to the CRO.", "ORM is responsible for establishing and maintaining the framework, principles and guidelines of AIG’s operational risk management program.", "Each business unit is responsible for its operational risks and implementing the components of the operational risk management program to effectively identify, assess, monitor and mitigate such risks.", "This responsibility includes developing and implementing policies, procedures, management oversight processes, and other governance-related activities consistent with AIG’s overall operational risk management process.", "Senior operational risk executives in the businesses report to the Director of ORM and to business management.", "This reporting structure facilitates development of business-specific knowledge of operational risk matters, while at the same time maintaining company-wide consistency in AIG’s overall approach to operational risk management.", "A strong operational risk management program facilitates escalation and resolution of operational risk issues.", "In order to accomplish this, AIG’s operational risk management program is designed to: ?", "pro-actively address potential operational risk issues; ?", "create transparency at all levels of the organization; and ?", "assign clear ownership and accountability for addressing identified issues.", "As part of the operational risk management framework, AIG has implemented a risk and control self assessment (RCSA) process.", "The RCSA process is used to identify key operational risks and evaluate the effectiveness of existing controls to mitigate those risks.", "Corrective action plans are developed to address any identified issues.", "In 2010, business units continued to enhance their RCSA processes to perform more robust risk assessments.", "American International Group, Inc. , and Subsidiaries AIG’s consolidated risk target is to maintain a minimum liquidity buffer such that AIG Parent’s liquidity needs under the ERM stress scenarios do not exceed 80 percent of AIG Parent’s overall liquidity sources over the specified two-year horizon.", "If the 80 percent minimum threshold is projected to be breached over this defined time horizon, AIG will take appropriate actions to further increase liquidity sources or reduce liquidity needs to maintain the target threshold, although no assurance can be given that this would be possible under then-prevailing market conditions.", "AIG expects to enter into additional capital maintenance agreements with its U. S.  insurance companies to manage the flow of capital and funds between AIG Parent and the insurance companies.", "As a result of these ERM stress tests, AIG believes that it has sufficient liquidity at the AIG Parent level to satisfy future liquidity requirements and meet its obligations, including reasonably foreseeable contingencies or events.", "See further discussion regarding AIG Parent and subsidiary liquidity considerations in Liquidity of Parent and Subsidiaries below.", "Analysis of sources and uses of cash The following table presents selected data from AIG’s Consolidated Statement of Cash Flows:", "| Years Ended December 31, (in millions) |2010|2009|2008|\n|Summary:||||\n|Net cash provided by (used in) operating activities|$16,910|$18,584|$-122|\n|Net cash provided by (used in) investing activities|-10,225|5,778|47,176|\n|Net cash used in financing activities|-9,261|-28,997|-40,734|\n|Effect of exchange rate changes on cash|39|533|38|\n|Change in cash|-2,537|-4,102|6,358|\n|Cash at beginning of year|4,400|8,642|2,284|\n|Reclassification of assets held for sale|-305|-140|-|\n|Cash at end of year|$1,558|$4,400|$8,642|\n", "Net cash provided by operating activities was positive for both 2010 and 2009 compared to negative in 2008, principally due to positive cash flows from AIG’s life insurance subsidiaries.", "Insurance companies generally receive most premiums in advance of the payment of claims or policy benefits, but the ability of Chartis to generate positive cash flow is affected by operating expenses, the frequency and severity of losses under its insurance policies and policy retention rates.", "Cash provided by Chartis operations was $1.9 billion for 2010 compared to $2.8 billion in 2009 as a reduction in claims paid was more than offset by declines in premiums collected, arising primarily from a decrease in domestic production.", "Catastrophic events and significant casualty losses, the timing and effect of which are inherently unpredictable, reduce operating cash flow for Chartis operations.", "Cash provided by AIG’s life insurance subsidiaries, including entities presented as discontinued operations, was $15.5 billion for 2010 compared to $9.1 billion in 2009 as growth in international markets was partially offset by a decrease in cash flows from domestic operations.", "Cash flows provided from Financial Services including entities presented as discontinued operations were $1.4 billion and $5.4 billion for 2010 and 2009, respectively.", "The decrease can be attributed in part to the continued wind-down of AIGFP’s businesses and portfolio.", "Cash provided by Chartis was $2.8 billion for 2009 compared to $4.8 billion in 2008 as a reduction in claims paid was more than offset by reduced premiums collected.", "Cash provided by life insurance operations, including entities presented as discontinued operations, was $9.1 billion for 2009 compared to $22 billion in 2008.", "Reduced cash flows were primarily driven by the continuing impact of the negative events during the second half of 2008.", "Cash provided from Financial Services, including entities presented as discontinued operations, was $5.4 billion for 2009 compared to $28.9 billion operating cash outflows in 2008, primarily related to collateral posting requirements.", "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\u0002billion dollars) and typically reflect low fee rates.", "This has the potential to exaggerate the significance of net flows in institutional index products on BlackRock’s revenues and earnings.", "Equity Year-end 2012 equity AUM of $1.845 trillion increased by $285.4 billion, or 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% of equity AUM with the remaining 16% in active mandates.", "Institutional investors represented 62% of equity AUM, while iShares, and retail and HNW represented 29% and 9%, respectively.", "At year-end 2012, 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% and 9% managed for clients in EMEA and Asia-Pacific, respectively.", "BlackRock’s effective fee rates fluctuate due to changes in AUM mix.", "Approximately half of BlackRock’s 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’s effective equity fee rates and revenues.", "Fixed Income Fixed income AUM ended 2012 at $1.259 trillion, rising $11.6 billion, or 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% and 52%, respectively.", "Institutional investors represented 74% of fixed income AUM while iShares and retail and HNW represented 15% and 11%, respectively.", "At year-end 2012, 59% of fixed income AUM was managed for clients in the Americas compared with 33% and 8% managed for clients in EMEA and Asia\u0002Pacific, respectively.", "Multi-Asset Class Component Changes in Multi-Asset Class AUM"], "table_evidence": [5, 46], "paragraph_evidence": [4, 45], "source": "multihiertt", "original_question_id": "f3a2928398de4df5be892c6b5cd90dd3"}
{"question": "what was the net change in airliner count during 2016?", "python_solution": "def solution():\n    # Define variables name and value\n    new_aircraft = 55\n    retired_aircraft = 71\n\n    # Do math calculation to get the answer\n    answer = new_aircraft - retired_aircraft\n\n    return answer", "ground_truth": -16.0, "question_id": "simplong-testmini-5", "paragraphs": ["Table of Contents ITEM 2.", "PROPERTIES Flight Equipment and Fleet Renewal As of December 31, 2016, American operated a mainline fleet of 930 aircraft.", "In 2016, we continued our extensive fleet renewal program, which has provided us with the youngest fleet of the major U. S.  network carriers.", "During 2016, American took delivery of 55 new mainline aircraft and retired 71 aircraft.", "We are supported by our wholly-owned and third-party regional carriers that fly under capacity purchase agreements operating as American Eagle.", "As of December 31, 2016, American Eagle operated 606 regional aircraft.", "During 2016, we increased our regional fleet by 61 regional aircraft, we removed and placed in temporary storage one Embraer ERJ 140 aircraft and retired 41 other regional aircraft.", "Mainline As of December 31, 2016, American’s mainline fleet consisted of the following aircraft:", "||Average Seating  Capacity|Average  Age  (Years)|Owned|Leased|Total|\n|Airbus A319|128|12.8|19|106|125|\n|Airbus A320|150|15.5|10|41|51|\n|Airbus A321|178|4.9|153|46|199|\n|AirbusA330-200|258|5.0|15|—|15|\n|AirbusA330-300|291|16.4|4|5|9|\n|Boeing737-800|160|7.7|123|161|284|\n|Boeing757-200|179|17.9|39|12|51|\n|Boeing767-300ER|211|19.5|28|3|31|\n|Boeing777-200ER|263|16.0|44|3|47|\n|Boeing777-300ER|310|2.8|18|2|20|\n|Boeing787-8|226|1.3|17|—|17|\n|Boeing787-9|285|0.2|4|—|4|\n|Embraer 190|99|9.2|20|—|20|\n|McDonnell DouglasMD-80|140|22.0|25|32|57|\n|Total||10.3|519|411|930|\n", "CF INDUSTRIES HOLDINGS, INC.  123 Changes in common shares outstanding are as follows:", "||Year ended December 31,|\n||2016|2015|2014|\n|Beginning balance|233,081,556|241,673,050|279,240,970|\n|Exercise of stock options|17,600|274,705|942,560|\n|Issuance of restricted stock-1|44,941|40,673|20,875|\n|Forfeitures of restricted stock|-10,000|—|-65,680|\n|Purchase of treasury shares-2|-19,928|-8,906,872|-38,465,675|\n|Ending balance|233,114,169|233,081,556|241,673,050|\n", "(1) Includes shares issued from treasury.", "(2) Includes shares withheld to pay employee tax obligations upon the vesting of restricted stock.", "Preferred Stock CF Holdings is authorized to issue 50 million shares of $0.01 par value preferred stock.", "Our Second Amended and Restated Certificate of Incorporation, as amended, authorizes the Board, without any further stockholder action or approval, to issue these shares in one or more classes or series, and (except in the case of our Series A Junior Participating Preferred Stock, 500,000 shares of which are authorized and the terms of which were specified in the original certificate of incorporation of CF Holdings) to fix the rights, preferences and privileges of the shares of each wholly unissued class or series and any of its qualifications, limitations or restrictions.", "In connection with the Plan (as defined below), 500,000 shares of preferred stock have been designated as Series B Junior Participating Preferred Stock.", "The Series A Junior Participating Preferred Stock had been established in CF Holdings’ original certificate of incorporation in connection with our former stockholder rights plan that expired in 2015.", "No shares of preferred stock have been issued.", "Tax Benefits Preservation Plan On September 6, 2016, CF Holdings entered into a Tax Benefits Preservation Plan (the Plan) with Computershare Trust Company, N. A. , as rights agent.", "The Plan is intended to help protect our tax net operating losses and certain other tax assets (the Tax Benefits) by deterring any person from becoming a \"5-percent shareholder\" (as defined in Section 382 of the Internal Revenue Code of 1986, as amended) (a 5% Shareholder).", "Under the Plan, each share of common stock has attached to it one right.", "Each right entitles the holder to purchase one one-thousandth of a share of our preferred stock designated as Series B Junior Participating Preferred Stock at a purchase price of $100, subject to adjustment.", "Rights will only be exercisable under the limited circumstances specified in the Plan when there has been a distribution of the rights and such rights are no longer redeemable by CF Holdings.", "A distribution of the rights would occur upon the earlier of (i) 10 business days following a public announcement that a person or group of affiliated or associated persons has become a 5% Shareholder (subject to certain exceptions described in the Plan) and (ii) 10 business days (or such later date as the Board shall determine) following the commencement of a tender offer or exchange offer that would result in a person or group of affiliated or associated persons becoming a 5% Shareholder (subject to certain exceptions described in the Plan).", "The rights will expire at the earliest of (i) 5:00 P. M.  (New York City time) on September 5, 2017, or such later date and time (but not later than 5:00 P. M.  (New York City time) on September 5, 2019) as may be determined by the Board and approved by the stockholders of CF Holdings by a vote of the majority of the votes cast by the holders of shares entitled to vote thereon at a meeting of the stockholders of CF Holdings prior to 5:00 P. M.  (New York City time) on September 5, 2017, (ii) the time at which the rights are redeemed or exchanged as provided in the Plan, (iii) the time at which the Board determines that the Plan is no longer necessary or desirable for the preservation of Tax Benefits, and (iv) the close of business on the first day of a taxable year of CF Holdings to which the Board determines that no Tax Benefits may be carried forward.", "In the event that a person or group of affiliated or associated persons becomes a 5% Shareholder (subject to certain exceptions described in the Plan), each holder of a right, other than such person, any member of such group or related person, all of whose rights will be null and void, will thereafter have the right to receive, upon exercise, common stock having a value equal to two times the exercise price of the right.", "CF INDUSTRIES HOLDINGS, INC.  126 19.", "Stock-Based Compensation 2014 Equity and Incentive Plan On May 14, 2014, our shareholders approved the CF Industries Holdings, Inc.  2014 Equity and Incentive Plan (the 2014 Equity and Incentive Plan) which replaced the CF Industries Holdings, Inc.  2009 Equity and Incentive Plan.", "Under the 2014 Equity and Incentive Plan, we may grant incentive stock options, nonqualified stock options, stock appreciation rights, restricted stock, restricted stock units, performance awards (payable in cash or stock) and other stock-based awards to our officers, employees, consultants and independent contractors (including non-employee directors).", "The purpose of the 2014 Equity and Incentive Plan is to provide an incentive for our employees, officers, consultants and non-employee directors that is aligned with the interests of our stockholders.", "Share Reserve and Individual Award Limits The maximum number of shares reserved for the grant of awards under the 2014 Equity and Incentive Plan is the sum of (i) 13.9 million and (ii) the number of shares subject to outstanding awards under our predecessor plans to the extent such awards terminate or expire without delivery of shares.", "For purposes of determining the number of shares of stock available for grant under the 2014 Equity and Incentive Plan, each option or stock appreciation right is counted against the reserve as one share.", "Each share of stock granted, other than an option or a stock appreciation right, is counted against the reserve as 1.61 shares.", "If any outstanding award expires or is settled in cash, any unissued shares subject to the award are again available for grant under the 2014 Equity and Incentive Plan.", "Shares tendered in payment of the exercise price of an option and shares withheld by the Company or otherwise received by the Company to satisfy tax withholding obligations are not available for future grant under the 2014 Equity and Incentive Plan.", "As of December 31, 2016, we had 11.7 million shares available for future awards under the 2014 Equity and Incentive Plan.", "The 2014 Equity and Incentive Plan provides that no more than 5.0 million underlying shares may be granted to a participant in any one calendar year.", "Stock Options Under the 2014 Equity and Incentive Plan and our predecessor plans, we granted to plan participants nonqualified stock options to purchase shares of our common stock.", "The exercise price of these options is equal to the market price of our common stock on the date of grant.", "The contractual life of each option is ten years and generally one-third of the options vest on each of the first three anniversaries of the date of grant.", "The fair value of each stock option award is estimated using the Black-Scholes option valuation model.", "Key assumptions used and resulting grant date fair values are shown in the following table.", "||2016|2015|2014|\n|Weighted-average assumptions:||||\n|Expected volatility|39%|31%|33%|\n|Expected term of stock options|4.3 Years|4.3 Years|4.3 Years|\n|Risk-free interest rate|1.2%|1.5%|1.3%|\n|Expected dividend yield|3.3%|1.9%|1.6%|\n|Weighted-average grant date fair value|$8.97|$13.99|$12.77|\n", "The expected volatility of our stock options is based on the combination of the historical volatility of our common stock and implied volatilities of exchange traded options on our common stock.", "The expected term of options is estimated based on our historical exercise experience, post-vesting employment termination behavior and the contractual term.", "The risk-free interest rate is based on the U. S.  Treasury Strip yield curve in effect at the time of grant for the expected term of the options.", "Ammonia Segment Our ammonia segment produces anhydrous ammonia (ammonia), which is our most concentrated nitrogen fertilizer as it contains 82% nitrogen.", "The results of our ammonia segment consist of sales of ammonia to external customers.", "In addition, ammonia is the \"basic\" nitrogen product that we upgrade into other nitrogen products such as granular urea, UAN and AN.", "We produce ammonia at all of our nitrogen manufacturing complexes.", "The following table presents summary operating data for our ammonia segment, including the impact of our acquisition of the remaining 50% equity interest in CF Fertilisers UK:", "||Twelve months ended December 31,|\n||2016|2015|2014|2016 v. 2015|2015 v. 2014|\n||(in millions, except as noted)|\n|Net sales|$981|$1,523|$1,576|$-542|-36%|$-53|-3%|\n|Cost of sales|715|884|983|-169|-19%|-99|-10%|\n|Gross margin|$266|$639|$593|$-373|-58%|$46|8%|\n|Gross margin percentage|27.1%|42.0%|37.6%|-14.9%||4.4%||\n|Sales volume by product tons (000s)|2,874|2,995|2,969|-121|-4%|26|1%|\n|Sales volume by nutrient tons (000s)(1)|2,358|2,456|2,434|-98|-4%|22|1%|\n|Average selling price per product ton|$341|$509|$531|$-168|-33%|$-22|-4%|\n|Average selling price per nutrient ton-1|$416|$620|$648|$-204|-33%|$-28|-4%|\n|Gross margin per product ton|$93|$213|$200|$-120|-56%|$13|7%|\n|Gross margin per nutrient ton-1|$113|$260|$244|$-147|-57%|$16|7%|\n|Depreciation and amortization|$96|$95|$69|$1|1%|$26|38%|\n|Unrealized net mark-to-market loss (gain) on natural gas derivatives|$-85|$40|$25|$-125|N/M|$15|60%|\n", "(1) Ammonia represents 82% nitrogen content.", "Nutrient tons represent the tons of nitrogen within the product tons.", "Year Ended December 31, 2016 Compared to Year Ended December 31, 2015 Net Sales.", "Total net sales in the ammonia segment decreased by $542 million, or 36%, to $981 million in 2016 from $1.52 billion in 2015 due primarily to a 33% decrease in average selling prices and a 4% decrease in sales volume.", "These results include the impact of the CF Fertilisers UK acquisition, which increased net sales by $26 million, or 2%.", "The remaining decrease in our ammonia net sales of $568 million, or 37%, was due primarily to lower average selling prices and sales volume.", "Selling prices declined due to excess global nitrogen supply.", "In addition, our selling prices reflect the impact of a higher proportion of export sales, the volumes of which increased as a result of the weak fall application season attributable to the combined impact of weather conditions and low crop prices on our customers' decisions related to applying fertilizer in the fall.", "Sales volume in 2016 declined due to combination of the weak fall application season and the impact of upgrading additional ammonia production at our Donaldsonville facility into granular urea and UAN as a result of our capacity expansion projects coming on line at our Donaldsonville, Louisiana complex.", "Cost of Sales.", "Cost of sales per ton in our ammonia segment averaged $248 per ton in 2016, including the impact of the CF Fertilisers UK acquisition, which averaged $220 per ton.", "The remaining cost of sales per ton was $250 in 2016, a 16% decrease from the $296 per ton in 2015.", "The decrease was due primarily to the impact of unrealized net mark-to-market gains on natural gas derivatives in 2016 compared to losses in 2015 and to the impact of lower realized natural gas costs in 2016.", "This was partly offset by capacity expansion project start-up costs of $50 million and an increase in expansion project depreciation as a result of the new ammonia plants at our Donaldsonville and Port Neal facilities."], "table_evidence": [-1], "paragraph_evidence": [3], "source": "multihiertt", "original_question_id": "425dd3dfc4534986b85d3a3f21554e83"}
{"question": "What is the total value of Labor and related benefitsTransfer and disposal costs Maintenance and repairs Subcontractor costs in 2013?", "python_solution": "def solution():\n    # Define variables name and value\n    labor_and_related_benefits = 2506\n    transfer_and_disposal_costs = 973\n    maintenance_and_repairs = 1181\n    subcontractor_costs = 1182\n    \n    # Do math calculation to get the answer\n    answer = labor_and_related_benefits + transfer_and_disposal_costs + maintenance_and_repairs + subcontractor_costs\n    \n    return answer", "ground_truth": 5842.0, "question_id": "simplong-testmini-6", "paragraphs": ["(3) Refer to Note 2 “Summary of Significant Accounting Principles and Practices ” for further information.13.", "Employee Benefits p y Defined Contribution Savings Plans Aon maintains defined contribution savings plans for the benefit of its employees.", "The expense recognized for these plans is included in Compensation and benefits in the Consolidated Statements of Income.", "The expense for the significant plans in the U. S. , U. K. , Netherlands and Canada is as follows (in millions):", "|Years ended December 31|2018|2017|2016|\n|U.S.|$98|$105|$121|\n|U.K.|45|43|43|\n|Netherlands and Canada|25|25|27|\n|Total|$168|$173|$191|\n", "Pension and Other Postretirement Benefits The Company sponsors defined benefit pension and postretirement health and welfare plans that provide retirement, medical, and life insurance benefits.", "The postretirement health care plans are contributory, with retiree contributions adjusted annually, aand the life insurance and pension plans are generally noncontributory.", "The significant U. S. , U. K. , Netherlands and Canadian pension plans are closed to new entrants.", "The following table summarizes the major components of our operating expenses, including the impact of foreign currency translation, for the years ended December 31 (dollars in millions):", "|| 2013|Period-to-Period Change| 2012|Period-to-Period Change| 2011|\n|Labor and related benefits|$2,506|$99|4.1%|$2,407|$71|3.0%|$2,336|\n|Transfer and disposal costs|973|9|0.9|964|27|2.9|937|\n|Maintenance and repairs|1,181|24|2.1|1,157|67|6.1|1,090|\n|Subcontractor costs|1,182|-8|-0.7|1,190|242|25.5|948|\n|Cost of goods sold|1,000|81|8.8|919|-152|-14.2|1,071|\n|Fuel|603|-46|-7.1|649|21|3.3|628|\n|Disposal and franchise fees and taxes|653|23|3.7|630|28|4.7|602|\n|Landfill operating costs|232|8|3.6|224|-31|-12.2|255|\n|Risk management|244|14|6.1|230|8|3.6|222|\n|Other|538|29|5.7|509|57|12.6|452|\n||$9,112|$233|2.6%|$8,879|$338|4.0%|$8,541|\n", "Significant changes in our operating expenses are discussed below.", "‰ Labor and related benefits — Significant items affecting the comparability of expenses for the periods presented include: ‰ Higher wages due to merit increases effective in the second quarter of 2013 and the effect of acquisitions, particularly the Greenstar acquisition in 2013; ‰ Incentive compensation expense fluctuations due to higher anticipated payouts for 2013 as compared to the prior year period and lower payouts for 2012 as compared to 2011; ‰ Increased contract labor in both 2013 and 2012 principally attributed to the recycling line of business; ‰ Headcount, exclusive of acquisitions, decreased in 2013 compared to the prior year period; conversely, headcount increased in 2012 when compared to 2011; and ‰ Non-cash charges incurred during the third quarter of 2013 and the second quarter of 2012 as a result of our partial withdrawals from underfunded multiemployer pension plans.", "‰ Maintenance and repairs — The increase in 2013 compared to 2012 was driven by (i) the Greenstar acquisition and (ii) higher internal shop labor costs due in part to higher incentive compensation and merit increases.", "The increase in 2012 as compared to 2011 is primarily due to (i) increased fleet maintenance costs, which include services provided by third-parties, tires, parts and internal shop labor costs and (ii) differences in the timing and scope of planned maintenance projects at our waste-to-energy facilities.", "‰ Subcontractor costs — The decrease in 2013 was driven primarily by the volume decline associated with the loss of certain strategic accounts.", "These decreases were offset, in part, by higher costs associated with the acquired RCI operations.", "The increase in 2012 was driven in part by (i) the acquisition of Oakleaf in July 2011 and (ii) increased volumes related to Hurricane Sandy.", "‰ Cost of goods sold — The increase in cost of goods sold in 2013 is due in large part to higher customer rebates resulting from higher volumes in our recycling commodity business driven primarily by the acquired Greenstar operations.", "The significantly reduced market prices for recyclable commodities in 2012 drove the majority of the cost decrease when compared to the prior period.", "‰ Fuel — The decrease in fuel expense in 2013 compared to 2012 was due to (i) a retroactive CNG fuel excise tax credit recognized in the first quarter of 2013; (ii) reduced fuel purchases due to reduced collection volumes; (iii) lower costs as we convert our fleet to CNG vehicles and (iv) lower diesel fuel prices.", "The increase in fuel expense in 2012 compared to 2011 was mainly driven by higher diesel fuel prices.", "Labor and related benefits — Factors affecting the year-over-year changes in our labor and related benefits costs include: ‰ Higher incentive compensation costs of $94 million in 2013 and $73 million in 2011, as compared with 2012, as a result of higher anticipated payouts.", "‰ Higher non-cash compensation expense recognized in 2013 as compared to 2012, in part due to the payout of performance share units granted in 2010, which was approved in 2013.", "Expense associated with these awards had been reversed in 2012 when it no longer appeared probable that threshold performance would be achieved.", "‰ Cost savings of $45 million in 2013 driven primarily from our July 2012 restructuring.", "Professional fees — Consulting fees declined year over year as company-wide initiatives, which began in 2011, were implemented; partially offset by higher legal fees in 2012 as compared with 2013 and 2011.", "Provision for bad debts — Our provision for bad debts decreased in 2013 as a result of the collection of certain fully reserved receivables related to our Puerto Rico operations.", "Additionally, many of the billing delay issues we experienced throughout fiscal year 2012 with certain of our strategic account customers have been resolved, favorably affecting our year-over-year bad debt comparisons.", "Other — In 2013, controllable costs associated with (i) building and equipment; (ii) advertising; (iii) computer and telecommunication; (iv) travel and entertainment and (v) seminars and education have declined primarily as a result of our July 2012 restructuring and continued focus on cost-control initiatives.", "In 2012, we experienced decreases in (i) litigation settlement costs and (ii) insurance and claims.", "These decreases were partially offset by increases in (i) computer and telecommunications costs, due in part to improvements we are making to our information technology systems and (ii) building and equipment costs, which include rental and utilities.", "Depreciation and Amortization Depreciation and amortization includes (i) depreciation of property and equipment, including assets recorded for capital leases, on a straight-line basis from three to 50 years; (ii) amortization of landfill costs, including those incurred and all estimated future costs for landfill development, construction and asset retirement costs arising from closure and post-closure, on a units-of-consumption method as landfill airspace is consumed over the total estimated remaining capacity of a site, which includes both permitted capacity and expansion capacity that meets our Company-specific criteria for amortization purposes; (iii) amortization of landfill asset retirement costs arising from final capping obligations on a units-of-consumption method as airspace is consumed over the estimated capacity associated with each final capping event and (iv) amortization of intangible assets with a definite life, using either a 150% declining balance approach or a straight-line basis over the definitive terms of the related agreements, which are generally from two to 15 years depending on the type of asset.", "The following table summarizes the components of our depreciation and amortization costs for the years ended December 31 (dollars in millions):", "|| 2013|Period-to- Period Change| 2012|Period-to- Period Change| 2011|\n|Depreciation of tangible property and equipment|$853|$20|2.4%|$833|$33|4.1%|$800|\n|Amortization of landfill airspace|400|5|1.3|395|17|4.5|378|\n|Amortization of intangible assets|80|11|15.9|69|18|35.3|51|\n||$1,333|$36|2.8%|$1,297|$68|5.5%|$1,229|\n", "WASTE MANAGEMENT, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) not anticipate that the final resolution of the Central States Pension Plan matter could be material to the Company’s business, financial condition or liquidity; however, such loss could have a material adverse effect on our cash flows and, to a lesser extent, our results of operations, for a particular reporting period.", "Similarly, we also do not believe that any future withdrawals, individually or in the aggregate, from the multiemployer pension plans to which we contribute, could have a material adverse effect on our business, financial condition or liquidity.", "However, such withdrawals could have a material adverse effect on our results of operations or cash flows for a particular reporting period, depending on the number of employees withdrawn in any future period and the financial condition of the multiemployer pension plan(s) at the time of such withdrawal(s).", "Tax Matters — We are currently in the examination phase of IRS audits for the tax years 2013 and 2014 and expect these audits to be completed within the next 15 and 27 months, respectively.", "We participate in the IRS’s Compliance Assurance Process, which means we work with the IRS throughout the year in order to resolve any material issues prior to the filing of our annual tax return.", "We are also currently undergoing audits by various state and local jurisdictions for tax years that date back to 2005, with the exception of affirmative claims in one jurisdiction that date back to 2000.", "We are not currently under audit in Canada and, due to the expiration of statutes of limitations, all tax years prior to 2009 are closed.", "In July 2011, we acquired Oakleaf, which is subject to potential IRS examinations for the years 2010 and 2011.", "Pursuant to the terms of our acquisition of Oakleaf, we are entitled to indemnification for Oakleaf’s pre-acquisition period tax liabilities.", "We maintain a liability for uncertain tax positions, the balance of which management believes is adequate.", "Results of audit assessments by taxing authorities are not currently expected to have a material adverse impact on our results of operations or cash flows.12.", "Restructuring The following table summarizes pre-tax restructuring charges, including employee severance and benefit costs and other charges, for the years ended December 31 for the respective periods (in millions):", "|| 2013| 2012| 2011|\n|Solid Waste|$7|$19|$10|\n|Wheelabrator|1|3|1|\n|Corporate and Other|10|45|8|\n||$18|$67|$19|\n", "During the year ended December 31, 2013, we recognized a total of $18 million of pre-tax restructuring charges, of which $7 million was related to employee severance and benefit costs, including costs associated with our acquisitions of Greenstar and RCI and our 2012 restructurings discussed below.", "The remaining charges were primarily related to operating lease obligations for property that will no longer be utilized.", "We do not expect to incur any material charges associated with our past restructuring efforts in future periods.2012 Restructurings — In July 2012, we announced a reorganization of operations, designed to streamline management and staff support and reduce our cost structure, while not disrupting our front-line operations.", "Principal organizational changes included removing the management layer of our four geographic Groups, each of which previously constituted a reportable segment, and consolidating and reducing the number of our geographic Areas through which we evaluate and oversee our Solid Waste subsidiaries from 22 to 17.", "This reorganization eliminated approximately 700 employee positions throughout the Company, including positions at both the management and support level.", "Voluntary separation arrangements were offered to many employees.", "Additionally, in 2012, we recognized employee severance and benefits restructuring charges associated with the reorganization of Oakleaf discussed below that began in 2011 along with certain other actions taken by the Company in early 2012."], "table_evidence": [9], "paragraph_evidence": [8, 10], "source": "multihiertt", "original_question_id": "8b34b9ccb8c34ae2ae073f86cb1804f9"}
{"question": "What was the total amount of the Commercial Banking in the sections where Investment Bank is greater than 1000? (in million)", "python_solution": "def solution():\n    # Define variables name and value\n    commercial_banking_1 = 3025\n    commercial_banking_2 = 2826\n    commercial_banking_3 = 3374\n    commercial_banking_4 = 3032\n\n    # Do math calculation to get the answer\n    answer = commercial_banking_1 + commercial_banking_2 + commercial_banking_3 + commercial_banking_4\n    \n    return answer", "ground_truth": 12257.0, "question_id": "simplong-testmini-7", "paragraphs": ["THE GOLDMAN SACHS GROUP, INC.  AND SUBSIDIARIES Management’s Discussion and Analysis The table below presents our average monthly assets under supervision by asset class.", "||Average for theYear Ended December|\n|$ in billions|2017|2016|2015|\n|Alternative investments|$ 162|$ 149|$ 145|\n|Equity|292|256|247|\n|Fixed income|633|578|530|\n|Total long-term AUS|1,087|983|922|\n|Liquidity products|330|326|272|\n|Total AUS|$1,417|$1,309|$1,194|\n", "Operating Environment.", "During 2017, Investment Management operated in an environment characterized by generally higher asset prices, resulting in appreciation in both equity and fixed income assets.", "In addition, our long\u0002term assets under supervision increased from net inflows primarily in fixed income and alternative investment assets.", "These increases were partially offset by net outflows in liquidity products.", "As a result, the mix of average assets under supervision during 2017 shifted slightly from liquidity products to long-term assets under supervision as compared to the mix at the end of 2016.", "In the future, if asset prices decline, or investors favor assets that typically generate lower fees or investors withdraw their assets, net revenues in Investment Management would likely be negatively impacted.", "Following a challenging first quarter of 2016, market conditions improved during the remainder of 2016 with higher asset prices resulting in full year appreciation in both equity and fixed income assets.", "Also, our assets under supervision increased during 2016 from net inflows, primarily in fixed income assets, and liquidity products.", "The mix of our average assets under supervision shifted slightly compared with 2015 from long-term assets under supervision to liquidity products.", "Management fees were impacted by many factors, including inflows to advisory services and outflows from actively-managed mutual funds.2017 versus 2016.", "Net revenues in Investment Management were $6.22 billion for 2017, 7% higher than 2016, due to higher management and other fees, reflecting higher average assets under supervision, and higher transaction revenues.", "During the year, total assets under supervision increased $115 billion to $1.49 trillion.", "Long\u0002term assets under supervision increased $128 billion, including net market appreciation of $86 billion, primarily in equity and fixed income assets, and net inflows of $42 billion (which includes $20 billion of inflows in connection with the Verus acquisition and $5 billion of equity asset outflows in connection with the Australian divestiture), primarily in fixed income and alternative investment assets.", "Liquidity products decreased $13 billion (which includes $3 billion of inflows in connection with the Verus acquisition).", "Operating expenses were $4.80 billion for 2017, 3% higher than 2016, primarily due to increased compensation and benefits expenses, reflecting higher net revenues.", "Pre-tax earnings were $1.42 billion in 2017, 25% higher than 2016.2016 versus 2015.", "Net revenues in Investment Management were $5.79 billion for 2016, 7% lower than 2015.", "This decrease primarily reflected significantly lower incentive fees compared with a strong 2015.", "In addition, management and other fees were slightly lower, reflecting shifts in the mix of client assets and strategies, partially offset by the impact of higher average assets under supervision.", "During 2016, total assets under supervision increased $127 billion to $1.38 trillion.", "Long-term assets under supervision increased $75 billion, including net inflows of $42 billion, primarily in fixed income assets, and net market appreciation of $33 billion, primarily in equity and fixed income assets.", "In addition, liquidity products increased $52 billion.", "Operating expenses were $4.65 billion for 2016, 4% lower than 2015, due to decreased compensation and benefits expenses, reflecting lower net revenues.", "Pre-tax earnings were $1.13 billion in 2016, 17% lower than 2015.", "Geographic Data See Note 25 to the consolidated financial statements for a summary of our total net revenues, pre-tax earnings and net earnings by geographic region.", "ferred capital debt securities, as issuances of FDIC-guaranteed debt and non-FDIC guaranteed debt in both the U. S.  and European markets were more than offset by redemptions.", "Cash proceeds resulted from an increase in securities loaned or sold under repur\u0002chase agreements, partly attributable to favorable pricing and to financing the increased size of the Firm’s AFS securities portfolio; and the issuance of $5.8 billion of common stock.", "There were no repurchases in the open market of common stock or the warrants during 2009.", "In 2008, net cash provided by financing activities was $247.8 billion due to: growth in wholesale deposits, in particular, inter\u0002est- and noninterest-bearing deposits in TSS (driven by both new and existing clients, and due to the deposit inflows related to the heightened volatility and credit concerns affecting the global markets that began in the third quarter of 2008), as well as increases in AM and CB (due to organic growth); proceeds of $25.0 billion from the issuance of preferred stock and the War\u0002rant to the U. S.  Treasury under the Capital Purchase Program; additional issuances of common stock and preferred stock used for general corporate purposes; an increase in other borrowings due to nonrecourse secured advances under the Federal Reserve Bank of Boston AML Facility to fund the purchase of asset-backed commercial paper from money market mutual funds; increases in federal funds purchased and securities loaned or sold under repurchase agreements in connection with higher client demand for liquidity and to finance growth in the Firm’s AFS securities portfolio; and a net increase in long-term debt due to a combina\u0002tion of non-FDIC guaranteed debt and trust preferred capital debt securities issued prior to December 4, 2008, and the issuance of $20.8 billion of FDIC-guaranteed long-term debt issued during the fourth quarter of 2008.", "The fourth-quarter FDIC-guaranteed debt issuance was offset partially by maturities of non-FDIC guaranteed long-term debt during the same period.", "The increase in long-term debt (including trust preferred capital debt securities) was used primarily to fund certain illiquid assets held by the parent holding company and to build liquidity.", "Cash was also used to pay dividends on common and preferred stock.", "The Firm did not repurchase any shares of its common stock during 2008.", "In 2007, net cash provided by financing activities was $184.1 billion due to a net increase in wholesale deposits from growth in business volumes, in particular, interest-bearing deposits at TSS, AM and CB; net issuances of long-term debt (including trust preferred capital debt securities) primarily to fund certain illiquid assets held by the parent holding company and build liquidity, and by IB from client-driven structured notes transactions; and growth in commercial paper issuances and other borrowed funds due to growth in the volume of liability balances in sweep ac\u0002counts in TSS and CB, and to fund trading positions and to fur\u0002ther build liquidity.", "Cash was used to repurchase common stock and pay dividends on common stock.", "Credit ratings The cost and availability of financing are influenced by credit rat\u0002ings.", "Reductions in these ratings could have an adverse effect on the Firm’s access to liquidity sources, increase the cost of funds, trigger additional collateral or funding requirements and decrease the number of investors and counterparties willing to lend to the Firm.", "Additionally, the Firm’s funding requirements for VIEs and other third-party commitments may be adversely affected.", "For additional information on the impact of a credit ratings downgrade on the funding requirements for VIEs, and on derivatives and collat\u0002eral agreements, see Special-purpose entities on pages 86–87 and Ratings profile of derivative receivables marked to market (“MTM”), and Note 5 on page 111 and pages 175–183, respec\u0002tively, of this Annual Report.", "Critical factors in maintaining high credit ratings include a stable and diverse earnings stream, strong capital ratios, strong credit quality and risk management controls, diverse funding sources, and disciplined liquidity monitoring procedures.", "The credit ratings of the parent holding company and each of the Firm’s significant banking subsidiaries as of January 15, 2010, were as follows.", "||Short-term debt|Senior long-term debt|\n||Moody’s|S&P|Fitch|Moody’s|S&P|Fitch|\n|JPMorgan Chase & Co.|P-1|A-1|F1+|Aa3|A+|AA-|\n|JPMorgan Chase Bank, N.A.|P-1|A-1+|F1+|Aa1|AA-|AA-|\n|Chase Bank USA, N.A.|P-1|A-1+|F1+|Aa1|AA-|AA-|\n", "Ratings actions affecting the Firm On March 4, 2009, Moody’s revised the outlook on the Firm to negative from stable.", "This action was the result of Moody’s view that the Firm’s ability to generate capital would be adversely af\u0002fected by higher credit costs due to the global recession.", "The rating action by Moody’s in the first quarter of 2009 did not have a mate\u0002rial impact on the cost or availability of the Firm’s funding.", "At December 31, 2009, Moody’s outlook remained negative.", "Ratings from S&P and Fitch on JPMorgan Chase and its principal bank subsidiaries remained unchanged at December 31, 2009, from December 31, 2008.", "At December 31, 2009, S&P’s outlook remained negative, while Fitch’s outlook remained stable.", "Following the Firm’s earnings release on January 15, 2010, S&P and Moody’s announced that their ratings on the Firm remained unchanged.", "If the Firm’s senior long-term debt ratings were downgraded by one additional notch, the Firm believes the incremental cost of funds or loss of funding would be manageable, within the context of current market conditions and the Firm’s liquidity resources.", "JPMorgan Chase’s unsecured debt does not contain requirements that would call for an acceleration of payments, maturities or changes in the structure of the existing debt, provide any limitations on future borrowings or require additional collateral, based on unfavorable", "Management’s discussion and analysis JPMorgan Chase & Co. /2009 Annual Report 122 Residential real estate loan modification activities: During 2009, the Firm reviewed its residential real estate portfolio to identify homeowners most in need of assistance, opened new regional counseling centers, hired additional loan counselors, introduced new financing alternatives, proactively reached out to borrowers to offer pre-qualified modifications, and commenced a new process to independently review each loan before moving it into the foreclosure process.", "In addition, during the first quarter of 2009, the U. S.  Treasury introduced the MHA programs, which are designed to assist eligible homeowners in a number of ways, one of which is by modifying the terms of their mortgages.", "The Firm is participating in the MHA programs while continuing to expand its other loss-mitigation efforts for financially distressed borrowers who do not qualify for the MHA programs.", "The MHA programs and the Firm’s other loss-mitigation programs for financially troubled borrowers generally represent various conces\u0002sions such as term extensions, rate reductions and deferral of principal payments that would have otherwise been required under the terms of the original agreement.", "When the Firm modi\u0002fies home equity lines of credit in troubled debt restructurings, future lending commitments related to the modified loans are canceled as part of the terms of the modification.", "Under all of these programs, borrowers must make at least three payments under the revised contractual terms during a trial modification period and be successfully re-underwritten with income verifica\u0002tion before their loans can be permanently modified.", "The Firm’s loss-mitigation programs are intended to minimize economic loss to the Firm, while providing alternatives to foreclosure.", "The success of these programs is highly dependent on borrowers’ ongoing ability and willingness to repay in accordance with the modified terms and could be adversely affected by additional deterioration in the economic environment or shifts in borrower behavior.", "For both the Firm’s on-balance sheet loans and loans serviced for others, approximately 600,000 mortgage modifica\u0002tions had been offered to borrowers in 2009.", "Of these, 89,000 have achieved permanent modification.", "Substantially all of the loans contractually modified to date were modified under the Firm’s other loss mitigation programs.", "The following table presents information relating to restructured on-balance sheet residential real estate loans for which concessions have been granted to borrowers experiencing financial difficulty as of December 31, 2009.", "Modifications of purchased credit-impaired loans con\u0002tinue to be accounted for and reported as purchased credit-impaired loans, and the impact of the modification is incorporated into the Firm’s quarterly assessment of whether a probable and/or significant change in estimated future principal cash flows has occurred.", "Modifications of loans other than purchased credit-impaired are generally accounted for and reported as troubled debt restructurings.", "Restructured residential real estate loans(a)", "| December 31, 2009|On-balance sheet loans|Nonperforming on-balance sheet loans(d)|\n|(in millions)|\n| Restructured residential real estate loans – excludingpurchased credit-impaired loans(b)|||\n|Home equity – senior lien|$168|$30|\n|Home equity – junior lien|222|43|\n|Prime mortgage|634|243|\n|Subprime mortgage|1,998|598|\n|Option ARMs|8|6|\n| Total restructured residential real estate loans – excluding purchased credit-impaired loans|$3,030|$920|\n| Restructured purchased credit-impaired loans(c)|||\n|Home equity|$453|NA|\n|Prime mortgage|1,526|NA|\n|Subprime mortgage|1,954|NA|\n|Option ARMs|2,972|NA|\n| Total restructured purchased credit-impaired loans|$6,905|NA|\n", "(a) Restructured residential real estate loans were immaterial at December 31, 2008.", "(b) Amounts represent the carrying value of restructured residential real estate loans.", "(c) Amounts represent the unpaid principal balance of restructured purchased credit-impaired loans.", "(d) Nonperforming loans modified in a troubled debt restructuring may be returned to accrual status when repayment is reasonably assured and the borrower has made a minimum of six payments under the new terms.", "Real estate owned (“REO”): As part of the residential real estate foreclosure process, loans are written down to the fair value of the underlying real estate asset, less costs to sell.", "In those in\u0002stances where the Firm gains title, ownership and possession of individual properties at the completion of the foreclosure process, these REO assets are managed for prompt sale and disposition at the best possible economic value.", "Any further gains or losses on REO assets are recorded as part of other income.", "Operating ex\u0002pense, such as real estate taxes and maintenance, are charged to other expense.", "REO assets declined from year-end 2008 as a result of the foreclosure moratorium in early 2009 and the subsequent increase in loss mitigation activities.", "It is anticipated that REO assets will increase over the next several quarters, as loans moving through the foreclosure process are expected to increase.", "The calculation of the allowance for loan losses to total retained loans, excluding both home lending purchased credit-impaired loans and loans held by the Washington Mutual Master Trust, is presented below.", "|December 31, (in millions, except ratios)|2009|2008|\n|Allowance for loan losses|$31,602|$23,164|\n|Less: Allowance for purchased credit-impaired loans|1,581|—|\n|Adjusted allowance for loan losses|$30,021|$23,164|\n|Total loans retained|$627,218|$728,915|\n|Less: Firmwide purchased credit-impaired loans|81,380|89,088|\n|Loans held by the Washington Mutual Master Trust|1,002|—|\n|Adjusted loans|$544,836|$639,827|\n| Allowance for loan losses to ending loans excluding purchased credit-impaired loans and loans held by the Washington Mutual Master Trust|5.51%|3.62%|\n", "The following table presents the allowance for credit losses by business segment at December 31, 2009 and 2008.", "||Allowance for credit losses|\n|| 2009|2008|\n|December 31,||Lending-related|||Lending-related||\n|(in millions)|Loan losses|commitments|Total|Loan losses|commitments|Total|\n|Investment Bank|$3,756|$485|$4,241|$3,444|$360|$3,804|\n|Commercial Banking|3,025|349|3,374|2,826|206|3,032|\n|Treasury & Securities Services|88|84|172|74|63|137|\n|Asset Management|269|9|278|191|5|196|\n|Corporate/Private Equity|7|—|7|10|—|10|\n| Total Wholesale|7,145|927|8,072|6,545|634|7,179|\n|Retail Financial Services|14,776|12|14,788|8,918|25|8,943|\n|Card Services|9,672|—|9,672|7,692|—|7,692|\n|Corporate/Private Equity|9|—|9|9|—|9|\n| Total Consumer|24,457|12|24,469|16,619|25|16,644|\n| Total|$31,602|$939|$32,541|$23,164|$659|$23,823|\n", "Provision for credit losses The managed provision for credit losses was $38.5 billion for the year ended December 31, 2009, up by $13.9 billion from the prior year.", "The prior-year included a $1.5 billion charge to conform Washington Mutual’s allowance for loan losses, which affected both the consumer and wholesale portfolios.", "For the purpose of the following analysis, this charge is excluded.", "The consumer-managed provision for credit losses was $34.5 billion for the year ended December 31, 2009, compared with $20.4 billion in the prior year, reflecting an increase in the allowance for credit losses in the home lending and credit card loan portfolios.", "Included in the 2009 addition to the allowance for loan losses was a $1.6 billion increase related to estimated deteriora\u0002tion in the Washington Mutual purchased credit-impaired portfolio.", "The wholesale provision for credit losses was $4.0 billion for the year ended Decem\u0002ber 31, 2009, compared with $2.7 billion in the prior year, reflecting continued weakness in the credit environment.", "|Year ended December 31,|Provision for credit losses|\n|(in millions)|Loan losses|Lending-related commitments|Total|\n||2009|2008|2007|2009|2008|2007|2009|2008|2007|\n|Investment Bank|$2,154|$2,216|$376|$125|$-201|$278|$2,279|$2,015|$654|\n|Commercial Banking|1,314|505|230|140|-41|49|1,454|464|279|\n|Treasury & Securities Services|34|52|11|21|30|8|55|82|19|\n|Asset Management|183|87|-19|5|-2|1|188|85|-18|\n|Corporate/Private Equity(a)(b)|-1|676|—|-1|5|—|-2|681|—|\n| Total Wholesale|3,684|3,536|598|290|-209|336|3,974|3,327|934|\n|Retail Financial Services|15,950|9,906|2,620|-10|-1|-10|15,940|9,905|2,610|\n|CardServices – reported|12,019|6,456|3,331|—|—|—|12,019|6,456|3,331|\n|Corporate/Private Equity(a)(c)(d)|82|1,339|-11|—|-48|—|82|1,291|-11|\n| Total Consumer|28,051|17,701|5,940|-10|-49|-10|28,041|17,652|5,930|\n| Total provision for creditlosses – reported|31,735|21,237|6,538|280|-258|326|32,015|20,979|6,864|\n|Credit card– securitized|6,443|3,612|2,380|—|—|—|6,443|3,612|2,380|\n| Total provision for creditlosses – managed|$38,178|$24,849|$8,918|$280|$-258|$326|$38,458|$24,591|$9,244|\n", "(a) Includes accounting conformity provisions related to the Washington Mutual transaction in 2008.", "(b) Includes provision expense related to loans acquired in the Bear Stearns merger in the second quarter of 2008.", "(c) Includes amounts related to held-for-investment prime mortgages transferred from AM to the Corporate/Private Equity segment.", "(d) In November 2008, the Firm transferred $5.8 billion of higher quality credit card loans from the legacy Chase portfolio to a securitization trust previously established by Washington Mutual (‘‘the Trust’’).", "As a result of converting higher credit quality Chase-originated on-book receivables to the Trust’s seller’s interest which has a higher overall loss rate reflective of the total assets within the Trust, approximately $400 million of incremental provision expense was recorded during the fourth quarter.", "This incremental provision expense was recorded in the Corporate segment as the action related to the acquisition of Washington Mutual’s banking operations.", "For further discussion of credit card securitizations, see Note 15 on pages 206---213 of this Annual Report."], "table_evidence": [82], "paragraph_evidence": [81], "source": "multihiertt", "original_question_id": "305527e7afe54a209e0cab02b9b343e4"}
{"question": "What's the sum of Interest on debt of After 5years, Fair value of plan assets of 2016, and Total assets of December 31, 2012 Total ?", "python_solution": "def solution():\n    # Define variables name and value\n    interest_on_debt_after_5_years = 3427.0\n    fair_value_of_plan_assets_2016 = 56530.0\n    total_assets_december_31_2012 = 4721.0\n    \n    # Do math calculation to get the answer\n    answer = interest_on_debt_after_5_years + fair_value_of_plan_assets_2016 + total_assets_december_31_2012\n    \n    return answer", "ground_truth": 64678.0, "question_id": "simplong-testmini-8", "paragraphs": ["We have derivative instruments with credit-risk-related contingent features.", "For foreign exchange contracts with original maturities of at least five years, our derivative counterparties could require settlement if we default on our five-year credit facility.", "For commodity contracts, our counterparties could require collateral posted in an amount determined by our credit ratings.", "The fair value of foreign exchange and commodity contracts that have credit-risk-related contingent features that are in a net liability position at December 31, 2013 was $7.", "At December 31, 2013, there was no collateral posted related to our derivatives.", "Note 18 – Significant Group Concentrations of Risk Credit Risk Financial instruments involving potential credit risk are predominantly with commercial aircraft customers and the U. S.  government.", "Of the $10,670 in gross accounts receivable and gross customer financing included in the Consolidated Statements of Financial Position as of December 31, 2013, $4,870 related predominantly to commercial aircraft customers ($924 of accounts receivable and $3,946 of customer financing) and $3,604 related to the U. S.  government.", "Of the $4,020 in gross customer financing, $2,720 related to customers we believe have less than investment-grade credit including American Airlines, United/Continental Airlines, and Hawaiian Airlines who were associated with 11%, 9% and 8%, respectively, of our financing portfolio.", "Financing for aircraft is collateralized by security in the related asset and in some instances security in other assets as well.", "Other Risk As of December 31, 2013, approximately 38% of our total workforce was represented by collective bargaining agreements and approximately 1% of our total workforce was represented by agreements expiring in 2014.", "Note 19 – Fair Value Measurements The following table presents our assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy.", "The fair value hierarchy has three levels based on the reliability of the inputs used to determine fair value.", "Level 1 refers to fair values determined based on quoted prices in active markets for identical assets.", "Level 2 refers to fair values estimated using significant other observable inputs and Level 3 includes fair values estimated using significant unobservable inputs.", "||December 31, 2013|December 31, 2012|\n||Total|Level 1|Level 2|Level 3|Total|Level 1|Level 2|Level 3|\n|Assets|||||||||\n|Money market funds|$3,783|$3,783|||$4,534|$4,534|||\n|Available-for-sale investments|8|6||$2|9|6||$3|\n|Derivatives|86||$86||178||$178||\n|Total assets|$3,877|$3,789|$86|$2|$4,721|$4,540|$178|$3|\n|Liabilities|||||||||\n|Derivatives|-$79||-$79||-$84||-$84||\n|Total liabilities|-$79||-$79||-$84||-$84||\n", "Money market funds and available-for-sale equity securities are valued using a market approach based on the quoted market prices of identical instruments.", "Available-for-sale debt investments are primarily valued using an income approach based on benchmark yields, reported trades and broker/dealer quotes.", "on consolidated debt as a percentage of total capital (as defined).", "When considering debt covenants, we continue to have substantial borrowing capacity.", "Contractual Obligations The following table summarizes our known obligations to make future payments pursuant to certain contracts as of December 31, 2014, and the estimated timing thereof.", "|(Dollars in millions)|Total|Lessthan 1year|1-3years|3-5years|After 5years|\n|Long-term debt (including current portion)|$8,950|$870|$1,356|$1,871|$4,853|\n|Interest on debt-1|5,387|431|800|729|3,427|\n|Pension and other postretirement cash requirements|10,965|477|1,080|1,972|7,436|\n|Capital lease obligations|169|67|73|17|12|\n|Operating lease obligations|1,503|226|386|271|620|\n|Purchase obligations not recorded on the Consolidated Statements of Financial Position|131,549|47,249|37,187|20,505|26,608|\n|Purchase obligations recorded on the Consolidated Statements of Financial Position|16,872|15,959|891|5|17|\n|Total contractual obligations|$175,395|$65,279|$41,773|$25,370|$42,973|\n", "(1) Includes interest on variable rate debt calculated based on interest rates at December 31, 2014.", "Variable rate debt was 3% of our total debt at December 31, 2014.", "Pension and Other Postretirement Benefits Pension cash requirements are based on an estimate of our minimum funding requirements, pursuant to ERISA regulations, although we may make additional discretionary contributions.", "Estimates of other postretirement benefits are based on both our estimated future benefit payments and the estimated contributions to plans that are funded through trusts.", "Purchase Obligations Purchase obligations represent contractual agreements to purchase goods or services that are legally binding; specify a fixed, minimum or range of quantities; specify a fixed, minimum, variable, or indexed price provision; and specify approximate timing of the transaction.", "Purchase obligations include amounts recorded as well as amounts that are not recorded on the Consolidated Statements of Financial Position.", "Approximately 4% of the purchase obligations disclosed above are reimbursable to us pursuant to cost-type government contracts.", "Purchase Obligations Not Recorded on the Consolidated Statements of Financial Position Production related purchase obligations not recorded on the Consolidated Statements of Financial Position include agreements for inventory procurement, tooling costs, electricity and natural gas contracts, property, plant and equipment, and other miscellaneous production related obligations.", "The most significant obligation relates to inventory procurement contracts.", "We have entered into certain significant inventory procurement contracts that specify determinable prices and quantities, and long-term delivery timeframes.", "In addition, we purchase raw materials on behalf of our suppliers.", "These agreements require suppliers and vendors to be prepared to build and deliver items in sufficient time to meet our production schedules.", "The need for such arrangements with suppliers and vendors arises from the extended production planning horizon for many of our products.", "A significant portion of these inventory commitments is supported by firm contracts and/or has historically resulted in settlement through reimbursement from customers for penalty payments to the supplier should the customer not take delivery.", "These amounts are also included in our forecasts of costs for program and contract accounting.", "Some inventory procurement contracts may include escalation adjustments.", "In these limited cases, we have included our best estimate of the effect of the escalation adjustment in the amounts disclosed in the table above.", "The estimated amount that will be amortized from Accumulated other comprehensive loss into net periodic benefit cost during the year ending December 31, 2018 is as follows:", "||Pension|Other Postretirement Benefits|\n|Recognized net actuarial loss/(gain)|$1,128|-$10|\n|Amortization of prior service (credits)|-56|-126|\n|Total|$1,072|-$136|\n", "The accumulated benefit obligation (ABO) for all pension plans was $77,414 and $74,240 at December 31, 2017 and 2016.", "Key information for our plans with ABO in excess of plan assets as of December 31 was as follows:", "||2017|2016|\n|Projected benefit obligation|$74,953|$76,586|\n|Accumulated benefit obligation|71,975|74,081|\n|Fair value of plan assets|$58,353|$56,530|\n", "Assumptions The following assumptions, which are the weighted average for all plans, are used to calculate the benefit obligation at December 31 of each year and the net periodic benefit cost for the subsequent year.", "|December 31,|2017|2016|2015|\n|Discount rate:||||\n|Pension|3.60%|4.00%|4.20%|\n|Other postretirement benefits|3.30%|3.70%|3.80%|\n|Expected return on plan assets|6.80%|6.80%|7.00%|\n|Rate of compensation increase|5.30%|4.40%|4.00%|\n", "The discount rate for each plan is determined based on the plans’ expected future benefit payments using a yield curve developed from high quality bonds that are rated as Aa or better by at least half of the four rating agencies utilized as of the measurement date.", "The yield curve is fitted to yields developed from bonds at various maturity points.", "Bonds with the ten percent highest and the ten percent lowest yields are omitted.", "A portfolio of about 400 bonds is used to construct the yield curve.", "Since corporate bond yields are generally not available at maturities beyond 30 years, it is assumed that spot rates will remain level beyond that 30-year point.", "The present value of each plan’s benefits is calculated by applying the discount rates to projected benefit cash flows.", "All bonds are U. S.  issues, with a minimum outstanding of $50.", "The pension fund’s expected return on plan assets assumption is derived from a review of actual historical returns achieved by the pension trust and anticipated future long-term performance of individual asset classes.", "While consideration is given to recent trust performance and historical returns, the assumption represents a long-term, prospective return.", "The expected return on plan assets component of the net periodic benefit cost for the upcoming plan year is determined based on the expected return on plan assets assumption and the market-related value of plan assets (MRVA).", "Since our adoption of the accounting standard for pensions in 1987, we have determined the MRVA based on a five-year moving average of plan assets.", "As of December 31, 2017, the MRVA was approximately $2,260 less than the fair market value of assets.", "and machine tooling to enhance manufacturing operations, and ongoing replacements of manufacturing and distribution equipment.", "Capital spending in all three years also included spending for the replacement and enhancement of the company’s global enterprise resource planning (ERP) management information systems, as well as spending to enhance the company’s corporate headquarters and research and development facilities in Kenosha, Wisconsin.", "Snap-on believes that its cash generated from operations, as well as its available cash on hand and funds available from its credit facilities will be sufficient to fund the company’s capital expenditure requirements in 2013.", "In 2010, Snap-on acquired the remaining 40% interest in Snap-on Asia Manufacturing (Zhejiang) Co. , Ltd. , the company’s tool manufacturing operation in Xiaoshan, China, for a purchase price of $7.7 million and $0.1 million of transaction costs; Snap-on acquired the initial 60% interest in 2008.", "See Note 2 to the Consolidated Financial Statements for additional information.", "Financing Activities Net cash used by financing activities was $127.0 million in 2012.", "Net cash used by financing activities of $293.7 million in 2011 included the August 2011 repayment of $200 million of unsecured 6.25% notes upon maturity with available cash.", "In December 2010, Snap-on sold $250 million of unsecured 4.25% long-term notes at a discount; Snap-on is using, and has used, the $247.7 million of proceeds from the sale of these notes, net of $1.6 million of transaction costs, for general corporate purposes, which included working capital, capital expenditures, repayment of all or a portion of the company’s $200 million, 6.25% unsecured notes that matured in August 2011, and the financing of finance and contract receivables, primarily related to SOC.", "In January 2010, Snap-on repaid $150 million of unsecured floating rate debt upon maturity with available cash.", "Proceeds from stock purchase and option plan exercises totaled $46.8 million in 2012, $25.7 million in 2011 and $23.7 million in 2010.", "Snap-on has undertaken stock repurchases from time to time to offset dilution created by shares issued for employee and franchisee stock purchase plans, stock options and other corporate purposes.", "In 2012, Snap-on repurchased 1,180,000 shares of its common stock for $78.1 million under its previously announced share repurchase programs.", "As of 2012 year end, Snap-on had remaining availability to repurchase up to an additional $180.9 million in common stock pursuant to its Board of Directors’ (the “Board”) authorizations.", "The purchase of Snap-on common stock is at the company’s discretion, subject to prevailing financial and market conditions.", "Snap-on repurchased 628,000 shares of its common stock for $37.4 million in 2011; Snap-on repurchased 152,000 shares of its common stock for $8.7 million in 2010.", "Snap-on believes that its cash generated from operations, available cash on hand, and funds available from its credit facilities, will be sufficient to fund the company’s share repurchases, if any, in 2013.", "Snap-on has paid consecutive quarterly cash dividends, without interruption or reduction, since 1939.", "Cash dividends paid in 2012, 2011 and 2010 totaled $81.5 million, $76.7 million and $71.3 million, respectively.", "On November 1, 2012, the company announced that its Board increased the quarterly cash dividend by 11.8% to $0.38 per share ($1.52 per share per year).", "Quarterly dividends declared in 2012 were $0.38 per share in the fourth quarter and $0.34 per share in the first three quarters ($1.40 per share for the year).", "Quarterly dividends in 2011 were $0.34 per share in the fourth quarter and $0.32 per share in the first three quarters ($1.30 per share for the year).", "Quarterly dividends in 2010 were $0.32 per share in the fourth quarter and $0.30 per share in the first three quarters ($1.22 per share for the year)."], "table_evidence": [42, 20, 14], "paragraph_evidence": [19], "source": "multihiertt", "original_question_id": "21243ea14e6a44b09731efb7d910e39a"}
{"question": "What is the average amount of Weighted average partnership Units outstanding of 2007, and 2022 of Industrial SquareFeet 8,028 12,303 13,525 12,567 13,042 ?", "python_solution": "def solution():\n    # Define variables name and value\n    weighted_average_partnership_units_2007 = 9204.0\n    industrial_square_feet_2022 = 12350.0\n\n    # Do math calculation to get the answer\n    answer = (weighted_average_partnership_units_2007 + industrial_square_feet_2022) / 2\n    \n    return answer", "ground_truth": 10777.0, "question_id": "simplong-testmini-9", "paragraphs": ["Comparison of Year Ended December 31, 2006 to Year Ended December 31, 2005 Rental Revenue from Continuing Operations Overall, rental revenue from continuing operations increased from $602.1 million in 2005 to $743.5 million in 2006.", "The following table reconciles rental revenue from continuing operations by reportable segment to total reported rental revenue from continuing operations for the years ended December 31, 2006 and 2005, respectively (in thousands):", "| | 2006| 2005|\n|Office|$534,369|$443,927|\n|Industrial| 194,670|148,359|\n|Other| 14,509|9,776|\n|Total|$743,548|$602,062|\n", "Both of our reportable segments that comprise Rental Operations (office and industrial) are within the real estate industry; however, the same economic and industry conditions do not affect each segment in the same manner.", "The primary causes of the increase in rental revenue from continuing operations, with specific references to a particular segment when applicable, are summarized below: ?", "In 2006, we acquired 50 new properties and placed 27 development projects in service.", "These 2006 acquisitions and developments are the primary factor in the overall increase in rental revenue for the year ended 2006 compared to 2005 as they provided incremental revenues of $73.8 million and $9.3 million respectively.", "These acquisitions totaled $948.4 million on 8.6 million square feet and were 99% leased at December 31, 2006.  ?", "Acquisitions and developments that were placed in service in 2005 provided $15.8 million and $11.2 million, respectively, of incremental revenue in 2006.  ?", "Rental revenue includes lease termination fees.", "Lease termination fees relate to specific tenants who pay a fee to terminate their lease obligations before the end of the contractual lease term.", "Lease termination fees increased from $7.3 million in 2005 to $16.1 million in 2006.  ?", "Our in-service occupancy increased from 92.7% at December 31, 2005, to 92.9% at December 31, 2006 and contributed to the remaining increase in rental revenue.", "Equity in Earnings of Unconsolidated Companies Equity in earnings represents our ownership share of net income from investments in unconsolidated companies.", "These joint ventures generally own and operate rental properties and develop properties.", "These earnings increased from $29.5 million in 2005 to $38.0 million in 2006.", "During 2006, our joint ventures sold 22 non-strategic buildings, with our share of the net gain recorded through equity in earnings totaling $18.8 million.", "During the second quarter of 2005, one of our ventures sold three buildings, with our share of the net gain recorded through equity in earnings totaling $11.1 million.", "Rental Expenses and Real Estate Taxes The following table reconciles rental expenses and real estate taxes by reportable segment to our total reported amounts in the statement of operations for the years ended December 31, 2006 and 2005, respectively (in thousands):", "| | 2006| 2005|\n|Rental Expenses:|||\n|Office|$143,567|$119,052|\n|Industrial| 21,991|18,264|\n|Other| 3,519|1,557|\n|Total|$169,077|$138,873|\n|Real Estate Taxes:|||\n|Office|$55,963|$49,936|\n|Industrial| 21,760|17,758|\n|Other| 6,015|5,104|\n|Total|$83,738|$72,798|\n", "Rental expenses and real estate taxes for 2006 have increased from 2005 by $30.2 million and $10.9 million, respectively, as the result of acquisition and development activity in 2005 and 2006 as well as from an increase in occupancy over the past two years.", "recognition and account for the continued operations of the property by applying the finance, installment or cost recovery methods, as appropriate, until the full accrual sales criteria are met.", "Estimated future costs to be incurred after completion of each sale are included in the determination of the gain on sales.", "Gains from sales of depreciated property are included in discontinued operations and the proceeds from the sale of these held-for-rental properties are classified in the investing activities section of the Consolidated Statements of Cash Flows.", "Gains or losses from our sale of properties that were developed or repositioned with the intent to sell and not for long-term rental are classified as gain on sale of Service Operation properties in the Consolidated Statements of Operations.", "All activities and proceeds received from the development and sale of these buildings are classified in the operating activities section of the Consolidated Statements of Cash Flows.", "Net Income Per Common Share Basic net income per common share is computed by dividing net income available for common shareholders by the weighted average number of common shares outstanding for the period.", "Diluted net income per common share is computed by dividing the sum of net income available for common shareholders and the minority interest in earnings allocable to Units not owned by us, by the sum of the weighted average number of common shares outstanding and minority Units outstanding, including any dilutive potential common equivalents for the period.", "The following table reconciles the components of basic and diluted net income per common share (in thousands):", "||2007|2006|2005|\n|Basic net income available for common shareholders|$217,692|$145,095|$309,183|\n|Minority interest in earnings of common unitholders|14,399|14,238|29,649|\n|Diluted net income available for common shareholders|$232,091|$159,333|$338,832|\n|Weighted average number of common shares outstanding|139,255|134,883|141,508|\n|Weighted average partnership Units outstanding|9,204|13,186|13,551|\n|Dilutive shares for stock-based compensation plans -1|1,155|1,324|818|\n|Weighted average number of common shares and potential dilutive common equivalents|149,614|149,393|155,877|\n", "(1) Excludes the effect of outstanding stock options, as well as the Exchangeable Senior Notes (“Exchangeable Notes”) issued in 2006, that have an anti-dilutive effect on earnings per share for the periods presented.", "A joint venture partner in one of our unconsolidated companies has the option to convert a portion of its ownership in the joint venture to our common shares.", "The effect of this option on earnings per share was anti-dilutive for the years ended December 31, 2007, 2006 and 2005.", "Federal Income Taxes We have elected to be taxed as a real estate investment trust (“REIT”) under the Internal Revenue Code.", "To qualify as a REIT, we must meet a number of organizational and operational requirements, including a requirement to distribute at least 90% of our adjusted taxable income to our stockholders.", "Management intends to continue to adhere to these requirements and to maintain our REIT status.", "As a REIT, we are entitled to a tax deduction for some or all of the dividends we pay to shareholders.", "Accordingly, we generally will not be subject to federal income taxes as long as we distribute an amount equal to or in excess of our taxable income currently to shareholders.", "We are also generally subject to federal income taxes on any taxable income that is not currently distributed to its shareholders.", "If we fail to qualify as a REIT in any taxable year, we will be subject to federal income taxes and may not be able to qualify as a REIT for four subsequent taxable years.", "schedule, excluding the leases in properties designated as held-for-sale, at December 31, 2016 (in thousands, except percentage data and number of leases):", "||Total Consolidated Portfolio|Industrial|Medical Office|Non-reportable|\n|Year ofExpiration|SquareFeet|Ann. RentRevenue*|Number of Leases|SquareFeet|Ann. RentRevenue*|SquareFeet|Ann. Rent Revenue*|SquareFeet|Ann. RentRevenue*|\n|2017|8,215|$32,966|146|8,028|$29,835|171|2,975|16|$156|\n|2018|12,729|57,870|189|12,303|46,975|416|10,781|10|114|\n|2019|13,858|61,293|210|13,525|53,543|319|7,581|14|169|\n|2020|13,014|65,938|172|12,567|56,948|423|8,772|24|218|\n|2021|13,358|61,520|186|13,042|55,293|257|5,732|59|495|\n|2022|12,712|54,950|106|12,350|47,451|330|6,940|32|559|\n|2023|3,557|23,923|62|3,134|16,111|415|7,725|8|87|\n|2024|8,857|41,951|52|8,706|38,816|151|3,135|—|—|\n|2025|8,000|35,392|37|7,788|31,508|212|3,884|—|—|\n|2026|7,363|37,513|52|7,080|31,491|283|6,022|—|—|\n|2027 and Thereafter|14,003|124,434|84|11,156|49,740|2,419|67,753|428|6,941|\n|Total Leased|115,666|$597,750|1,296|109,679|$457,711|5,396|131,300|591|$8,739|\n|Total Portfolio Square Feet|118,945|||112,368||5,672||905||\n|Percent Leased|97.2%|||97.6%||95.1%||65.3%||\n", "* Annualized rental revenue represents average annual base rental payments, on a straight-line basis for the term of each lease, from space leased to tenants at the end of the most recent reporting period.", "Annualized rental revenue excludes additional amounts paid by tenants as reimbursement for operating expenses.", "Information on current market rents can be difficult to obtain, is highly subjective and is often not directly f comparable between properties.", "As a result, we believe the increase or decrease in net efffective rent on lease renewals, as previously defined, is the most objective and meaningful relationship between rents on leases expiring in the near-term and current market rents.", "Acquisition Activity Our decision process in determining whether or not to acquire a target property or portfolio involves several factors, including expected rent growth, multiple yield metrics, property locations and expected demographic growth in each location, current occupancy of the target properties, tenant profile and remaining terms of the in-place leases in the target properties.", "We pursue both brokered and non-brokered acquisitions, and it is dif W ficult to predict which f markets and product types may present acquisition opportunities that align with our strategy.", "Because of the numerous factors considered in our acquisition decisions, we do not establish specific target yields for future acquisitions.", "Due to increased market prices and lower acquisition yields for the class and quality of assets that meet our investment criteria, we have shifted our near term focus from acquisitions to new development activities.", "In addition to the 14 properties acquired from the Quantico Joint VVenture, we also acquired three other properties for a total of 17 properties during the year ended December 31, 2016 and two properties during the year ended December 31, 2015.", "The following table summarizes the acquisition price, percent leased at time of acquisition and in-place yields by product type for these acquisitions (in thousands, except percentage data):"], "table_evidence": [41, 29], "paragraph_evidence": [-1], "source": "multihiertt", "original_question_id": "abea211716f14f999997de3ae74c31be"}
{"question": "What's the average of US SBU in 2014, 2013, and 2012? (in million)", "python_solution": "def solution():\n    # Define variables name and value\n    us_sbu_2014 = 3826\n    us_sbu_2013 = 3630\n    us_sbu_2012 = 3736\n    const_3 = 3\n\n    # Do math calculation to get the answer\n    answer = (us_sbu_2014 + us_sbu_2013 + us_sbu_2012) / const_3\n    \n    return answer", "ground_truth": 3730.6666666666665, "question_id": "simplong-testmini-10", "paragraphs": ["The contracts were valued as of April 1, 2002, and an asset and a corresponding gain of $127 million, net of income taxes, was recorded as a cumulative effect of a change in accounting principle in the second quarter of 2002.", "The majority of the gain recorded relates to the Warrior Run contract, as the asset value of the Deepwater contract on April 1, 2002, was less than $1 million.", "The Warrior Run contract qualifies and was designated as a cash flow hedge as defined by SFAS No.133 and hedge accounting is applied for this contract subsequent to April 1, 2002.", "The contract valuations were performed using current forward electricity and gas price quotes and current market data for other contract variables.", "The forward curves used to value the contracts include certain assumptions, including projections of future electricity and gas prices in periods where future prices are not quoted.", "Fluctuations in market prices and their impact on the assumptions will cause the value of these contracts to change.", "Such fluctuations will increase the volatility of the Company’s reported results of operations.11.", "COMMITMENTS, CONTINGENCIES AND RISKS OPERATING LEASES—As of December 31, 2002, the Company was obligated under long-term non-cancelable operating leases, primarily for office rental and site leases.", "Rental expense for operating leases, excluding amounts related to the sale/leaseback discussed below, was $31 million $32 million and $13 million in the years ended December 31, 2002, 2001and 2000, respectively, including commitments of businesses classified as discontinued amounting to $6 million in 2002, $16 million in 2001 and $6 million in 2000.", "The future minimum lease commitments under these leases are as follows (in millions):", "||Total|Discontinued Operations|\n|2003|$30|$4|\n|2004|20|4|\n|2005|15|3|\n|2006|11|1|\n|2007|9|1|\n|Thereafter|84|1|\n|Total|$169|$14|\n", "SALE/LEASEBACK—In May 1999, a subsidiary of the Company acquired six electric generating stations from New York State Electric and Gas (‘‘NYSEG’’).", "Concurrently, the subsidiary sold two of the plants to an unrelated third party for $666 million and simultaneously entered into a leasing arrangement with the unrelated party.", "This transaction has been accounted for as a sale/leaseback with operating lease treatment.", "Rental expense was $54 million, $58 million and $54 million in 2002, 2001 and 2000, respectively.", "Future minimum lease commitments are as follows (in millions): In connection with the lease of the two power plants, the subsidiary is required to maintain a rent reserve account equal to the maximum semi-annual payment with respect to the sum of the basic rent (other then deferrable basic rent) and fixed charges expected to become due in the immediately succeeding three-year period.", "At December 31, 2002, 2001 and 2000, the amount deposited in the rent reserve account approximated", "The estimated fair values of the Company’s debt and derivative financial instruments as of December 31, 2002 and 2001 are as follows (in millions):", "| | December 31, 2002| December 31, 2001|\n| | Carrying Amount| Fair Value| Carrying Amount| Fair Value|\n|Assets:|||||\n|Foreign currency forwards and swaps, net|$17|$17|$14|$14|\n|Energy derivatives, net|201|201|7|7|\n| Liabilities:|||||\n|Non-recourse debt|17,658|20,447|16,857|17,064|\n|Recourse debt|5,804|3,895|5,401|4,730|\n|Tecons|978|284|978|626|\n|Interest rate swaps|557|557|166|166|\n|Interest rate caps and floors, net|115|115|72|72|\n", "Amounts in the table above include the carrying amount and fair value of financial instruments of discontinued operations and assets held for sale, except for preferred stock with mandatory redemption of one of our discontinued operations that has a carrying amount of $22 million.", "As of December 31, 2002, discontinued operations and assets held for sale had non-recourse debt with a carrying amount and fair value of $3,415 million and $4,994 million, respectively, foreign currency forwards and swaps, net (assets), with a carrying amount and fair value of $13 million, interest rate swaps (liabilities) with a carrying amount and fair value of $103 million and interest rate caps and floors, net (liabilities), with a carrying amount and fair value of $43 million.", "The fair value estimates presented herein are based on pertinent information as of December 31, 2002 and 2001.", "The Company is not aware of any factors that would significantly affect the estimated fair value amounts since December 31, 2002.21.", "NEW ACCOUNTING PRONOUNCEMENTS Asset retirement obligations.", "In June 2001, the Financial Accounting Standards Board issued SFAS No.143, ‘‘Accounting for Asset Retirement Obligations.", "’’ SFAS No.143, which is effective January 1, 2003, requires entities to record the fair value of a legal liability for an asset retirement obligation in the period in which it is incurred.", "When a new liability is recorded beginning in 2003, the entity will capitalize the costs of the liability by increasing the carrying amount of the related long-lived asset.", "The liability is accreted to its present value each period, and the capitalized cost is depreciated over the useful life of the related asset.", "Upon settlement of the liability, an entity settles the obligation for its recorded amount or incurs a gain or loss upon settlement.", "The Company will adopt SFAS No.143 effective January 1, 2003.", "The Company has completed a detailed assessment of the specific applicability and implications of SFAS No.143.", "The scope of SFAS No.143 includes primarily active ash landfills, water treatment basins and the removal or dismantlement of certain plant and equipment.", "As of December 31, 2002, the Company had a recorded liability of approximately $15 million related to asset retirement obligations.", "Upon adoption of SFAS No.143, the Company will record an additional liability of approximately $13 million, a net asset of approximately $9 million, and a cumulative effect of a change in accounting principle of approximately $2 million, after income taxes.", "Proforma net (loss) income and (loss) earnings per share have not been presented for the years ended December 31, 2002, 2001 and 2000 because the proforma application of SFAS No.143 to prior periods would result in proforma net (loss) income and (loss) earnings per share not materially different from the actual amounts reported for those periods in the accompanying consolidated statements of operations.", "Review of Consolidated Results of Operations", "||Years Ended December 31,|||\n|Results of operations|2014|2013|2012|% change 2014 vs. 2013|% change 2013 vs. 2012|\n||(in millions, except per share amounts)|||\n|Revenue:|||\n|US SBU|$3,826|$3,630|$3,736|5%|-3%|\n|Andes SBU|2,642|2,639|3,020|—%|-13%|\n|Brazil SBU|6,009|5,015|5,788|20%|-13%|\n|MCAC SBU|2,682|2,713|2,573|-1%|5%|\n|Europe SBU|1,439|1,347|1,344|7%|—%|\n|Asia SBU|558|550|733|1%|-25%|\n|Corporate and Other|15|7|9|114%|-22%|\n|Intersegment eliminations|-25|-10|-39|-150%|74%|\n|Total Revenue|17,146|15,891|17,164|8%|-7%|\n|Operating Margin:||||||\n|US SBU|699|668|711|5%|-6%|\n|Andes SBU|587|533|580|10%|-8%|\n|Brazil SBU|742|871|969|-15%|-10%|\n|MCAC SBU|541|543|560|—%|-3%|\n|Europe SBU|403|415|504|-3%|-18%|\n|Asia SBU|76|169|236|-55%|-28%|\n|Corporate and Other|53|25|-15|112%|267%|\n|Intersegment eliminations|-13|23|38|-157%|-39%|\n|Total Operating Margin|3,088|3,247|3,583|-5%|-9%|\n|General and administrative expenses|-187|-220|-274|15%|20%|\n|Interest expense|-1,471|-1,482|-1,544|1%|4%|\n|Interest income|365|275|348|33%|-21%|\n|Loss on extinguishment of debt|-261|-229|-8|-14%|NM|\n|Other expense|-68|-76|-82|11%|7%|\n|Other income|124|125|98|-1%|28%|\n|Gain on disposal and sale of investments|358|26|219|NM|-88%|\n|Goodwill impairment expense|-164|-372|-1,817|56%|80%|\n|Asset impairment expense|-91|-95|-73|4%|-30%|\n|Foreign currency transaction gains (losses)|11|-22|-170|150%|87%|\n|Other non-operating expense|-128|-129|-50|1%|-158%|\n|Income tax expense|-419|-343|-685|-22%|50%|\n|Net equity in earnings of affiliates|19|25|35|-24%|-29%|\n|INCOME (LOSS) FROM CONTINUING OPERATIONS|1,176|730|-420|61%|274%|\n|Income (loss) from operations of discontinued businesses|27|-27|47|200%|-157%|\n|Net gain (loss) from disposal and impairments of discontinued operations|-56|-152|16|63%|NM|\n|NET INCOME (LOSS)|1,147|551|-357|108%|254%|\n|Noncontrolling interests:||||||\n|(Income) from continuing operations attributable to noncontrolling interests|-387|-446|-540|13%|17%|\n|(Income) loss from discontinued operations attributable to noncontrolling interests|9|9|-15|—%|160%|\n|Net income (loss) attributable to The AES Corporation|$769|$114|$-912|575%|113%|\n|AMOUNTS ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS:||||||\n|Income (loss) from continuing operations, net of tax|$789|$284|$-960|178%|130%|\n|Income (loss) from discontinued operations, net of tax|-20|-170|48|88%|-454%|\n|Net income (loss)|$769|$114|$-912|575%|113%|\n|Net cash provided by operating activities|$1,791|$2,715|$2,901|-34%|-6%|\n|DIVIDENDS DECLARED PER COMMON SHARE|$0.25|$0.17|$0.08|47%|113%|\n", "Components of Revenue, Cost of Sales and Operating Margin—Revenue includes revenue earned from the sale of energy from our utilities and the production of energy from our generation plants, which are classified as regulated and non-regulated on the Consolidated Statements of Operations, respectively.", "Revenue also includes the gains or losses on derivatives associated with the sale of electricity.", "Cost of sales includes costs incurred directly by the businesses in the ordinary course of business.", "Examples include electricity and fuel purchases, O&M costs, depreciation and amortization expense, bad debt expense and recoveries, general administrative and support costs (including employee-related costs directly associated with the operations of the business).", "Cost of sales also includes the gains or losses on derivatives (including embedded derivatives other than foreign currency embedded derivatives) associated with the purchase of electricity or fuel.", "Operating margin is defined as revenue less cost of sales.", "In March 2013, the Secretariat of Energy released Resolution 95/2013, which affects the remuneration of generators whose sales prices had been frozen since 2003.", "This regulation is applicable to generation companies with certain exceptions.", "It defined a compensation system based on compensating for fixed costs, non-fuel variable costs and an additional margin.", "Resolution 95/2013 converted the Argentine electric market to an \"average cost\" compensation scheme.", "Thermal units must achieve an availability target, which varies by technology, in order to receive full fixed cost revenues.", "The Resolution also established that all fuels, except coal, are to be provided by CAMMESA.", "Thermoelectric natural gas plants not affected by the Resolution, such as TermoAndes, are able to purchase gas directly from the producers for Energy Plus sales.", "In May 2014, the Argentine government passed Resolution No.529/214 (\"Resolution 529\") which retroactively updated the prices of Resolution 95/2013 to February 1, 2014, changed target availability and added a remuneration for non-periodic maintenance.", "This remuneration is aimed to cover the expenses that the generator incurs when performing major maintenances in its units.", "Since 2014, this resolution has been updated annually, the most recent of which was issued in March 2016.", "On February 2, 2017, the Ministry of Energy issued Resolution 19/2017 establishing changes to the Energia Base price framework.", "Effective in February 2017, the framework will maintain the current tolling agreement structure, as fuels will continue to be sourced by CAMMESA.", "A key change will be introduced to the tariff structure which will now have prices set in USD and also eliminates all future non-cash retention of margins.", "In December 2015, the finance minister lifted foreign currency controls, allowing the peso to float under the administration of Argentinean Central Bank.", "The newly freed currency fell by more than 30%.", "Over the course of 2016, the Argentinean Peso devalued by approximately 22%.", "At December 31, 2016, all transactions at our businesses in Argentina were translated using the official exchange rate published by the Argentine Central Bank.", "See Note 7—Financing Receivables in Item 8.", "—Financial Statements and Supplementary Data of this Form 10-K for further information on the long-term receivables.", "Further weakening of the Argentine Peso and local economic activity could cause significant volatility in our results of operations, cash flows, the ability to pay dividends to the Parent Company, and the value of our assets.", "Key Financial Drivers — Financial results are likely to be driven by many factors including, but not limited to: ?", "Forced outages may impact earnings ?", "FX exposure to fluctuations of the Argentine Peso ?", "Hydrology ?", "Timely collection of FONINVEMEM installment and outstanding receivables (See Note 7—Financing Receivables in Item 8.", "—Financial Statements and Supplementary Data for further discussion) ?", "Level of gas prices for contracted generation (Energy Plus) Brazil SBU Our Brazil SBU has generation and distribution businesses.", "Tietê and Eletropaulo are publicly listed companies in Brazil.", "AES has a 24% economic interest in Tietê and a 17% economic interest in Eletropaulo.", "These businesses are consolidated in our financial statements as we maintain control over their operations.", "Generation — Operating installed capacity of our Brazil SBU totals 2,658 MW in AES Tietê plants, located in the state of S?o Paulo.", "As of December 31, 2016, Tietê represents approximately 10% of the total generation capacity in the state of S?o Paulo and is one of the largest generation companies in Brazil.", "We also have another generation plant, AES Uruguaiana, located in southern Brazil with an installed capacity of 640 MW.", "The following table lists our Brazil SBU generation facilities:"], "table_evidence": [36], "paragraph_evidence": [-1], "source": "multihiertt", "original_question_id": "b743fcf8e9e34ca1bb74d8c5231d4c4d"}
{"question": "What is the sum of purchased impaired in the range of 200 and 3000 in 2011? (in million)", "python_solution": "def solution():\n    # Define variables\n    purchased_impaired_value1 = 712\n    purchased_impaired_value2 = 2764\n\n    # Add both values\n    answer = purchased_impaired_value1 + purchased_impaired_value2\n\n    return answer", "ground_truth": 3476.0, "question_id": "simplong-testmini-11", "paragraphs": ["RECENT ACCOUNTING PRONOUNCEMENTS See Note 1 Accounting Policies in the Notes To Consolidated Financial Statements in Item 8 of this Report for additional information on the following recent accounting pronouncements that are relevant to our business, including a description of each new pronouncement, the required date of adoption, our planned date of adoption, and the expected impact on our consolidated financial statements.", "All of the following pronouncements were issued by the FASB unless otherwise noted.", "The following were issued in 2007: ?", "SFAS 141(R), “Business Combinations” ?", "SFAS 160, “Accounting and Reporting of Noncontrolling Interests in Consolidated Financial Statements, an Amendment of ARB No.51” ?", "In November 2007, the SEC issued Staff Accounting Bulletin No.109, ?", "In June 2007, the AICPA issued Statement of Position 07-1, “Clarification of the Scope of the Audit and Accounting Guide “Investment Companies” and Accounting by Parent Companies and Equity Method Investors for Investments in Investment Companies.", "” The FASB issued a final FSP in February 2008 which indefinitely delays the effective date of AICPA SOP 07-1.  ?", "FASB Staff Position No.", "(“FSP”) FIN 46(R) 7, “Application of FASB Interpretation No.46(R) to Investment Companies” ?", "FSP FIN 48-1, “Definition of Settlement in FASB Interpretation (“FIN”) No.48” ?", "SFAS 159, “The Fair Value Option for Financial Assets and Financial Liabilities – Including an amendment of FASB Statement No.115” The following were issued during 2006: ?", "SFAS 158, “Employers’ Accounting for Defined Benefit Pension and Other Postretirement Benefit Plans – an amendment of FASB Statements No.87, 88, 106 and 132(R)”(“SFAS 158”) ?", "SFAS 157, “Fair Value Measurements” ?", "FIN 48, “Accounting for Uncertainty in Income Taxes – an interpretation of FASB Statement No.109” ?", "FSP FAS 13-2, “Accounting for a Change or Projected Change in the Timing of Cash Flows Relating to Income Taxes Generated by a Leveraged Lease Transaction” ?", "SFAS 156, “Accounting for Servicing of Financial Assets – an amendment of FASB Statement No.140” ?", "SFAS 155, “Accounting for Certain Hybrid Financial Instruments – an amendment of FASB Statements No.133 and 140” ?", "The Emerging Issues Task Force (“EITF”) of the FASB issued EITF Issue 06-4, “Accounting for Deferred Compensation and Postretirement Benefit Aspects of Endorsement Split-Dollar Life Insurance Arrangements” STATUS OF DEFINED BENEFIT PENSION PLAN We have a noncontributory, qualified defined benefit pension plan (“plan” or “pension plan”) covering eligible employees.", "Benefits are derived from a cash balance formula based on compensation levels, age and length of service.", "Pension contributions are based on an actuarially determined amount necessary to fund total benefits payable to plan participants.", "Consistent with our investment strategy, plan assets are currently approximately 60% invested in equity investments with most of the remainder invested in fixed income instruments.", "Plan fiduciaries determine and review the plan’s investment policy.", "We calculate the expense associated with the pension plan in accordance with SFAS 87, “Employers’ Accounting for Pensions,” and we use assumptions and methods that are compatible with the requirements of SFAS 87, including a policy of reflecting trust assets at their fair market value.", "On an annual basis, we review the actuarial assumptions related to the pension plan, including the discount rate, the rate of compensation increase and the expected return on plan assets.", "Neither the discount rate nor the compensation increase assumptions significantly affects pension expense.", "The expected long-term return on assets assumption does significantly affect pension expense.", "The expected long-term return on plan assets for determining net periodic pension cost for 2007 was 8.25%, unchanged from 2006.", "Under current accounting rules, the difference between expected long-term returns and actual returns is accumulated and amortized to pension expense over future periods.", "Each one percentage point difference in actual return compared with our expected return causes expense in subsequent years to change by up to $4 million as the impact is amortized into results of operations.", "The table below reflects the estimated effects on pension expense of certain changes in assumptions, using 2008 estimated expense as a baseline.", "|Change in Assumption|EstimatedIncrease to 2008PensionExpense(In millions)|\n|.5% decrease in discount rate|$1|\n|.5% decrease in expected long-term return on assets|$10|\n|.5% increase in compensation rate|$2|\n", "We currently estimate a pretax pension benefit of $26 million in 2008 compared with a pretax benefit of $30 million in", "The following tables display the delinquency status of our loans and our nonperforming assets at December 31, 2011 and December 31, 2010.", "Age Analysis of Past Due Accruing Loans", "||Accruing|||||\n|In millions|Current or Less Than 30 Days Past Due|30-59 Days Past Due|60-89 Days Past Due|90 Days Or More Past Due|Total Past Due (a)|Nonperforming Loans|Purchased Impaired|Total Loans||\n| December 31, 2011||||||||||\n|Commercial|$64,437|$122|$47|$49|$218|$899|$140|$65,694| |\n|Commercial real estate|14,010|96|35|6|137|1,345|712|16,204| |\n|Equipment lease financing|6,367|22|5||27|22||6,416| |\n|Home equity|29,288|173|114|221|508|529|2,764|33,089| |\n|Residential real estate (b)|7,935|302|176|2,281|2,759|726|3,049|14,469| |\n|Credit card|3,857|38|25|48|111|8||3,976| |\n|Other consumer (c)|18,355|265|145|368|778|31|2|19,166| |\n|Total|$144,249|$1,018|$547|$2,973|$4,538|$3,560|$6,667|$159,014| |\n|Percentage of total loans|90.72%|.64%|.34%|1.87%|2.85%|2.24%|4.19%|100.00| %|\n|December 31, 2010||||||||||\n|Commercial|$53,273|$251|$92|$59|$402|$1,253|$249|$55,177||\n|Commercial real estate|14,713|128|62|43|233|1,835|1,153|17,934||\n|Equipment lease financing|6,276|37|2|1|40|77||6,393||\n|Home equity|30,334|159|91|174|424|448|3,020|34,226||\n|Residential real estate (b)|9,150|331|225|2,121|2,677|818|3,354|15,999||\n|Credit card|3,765|46|32|77|155|||3,920||\n|Other consumer (c)|16,312|260|101|234|595|35|4|16,946||\n|Total|$133,823|$1,212|$605|$2,709|$4,526|$4,466|$7,780|$150,595||\n|Percentage of total loans|88.86%|.81%|.40%|1.80%|3.01%|2.97%|5.16%|100.00%||\n", "(a) Past due loan amounts exclude purchased impaired loans as they are considered current loans due to the accretion of interest income.", "(b) Past due loan amounts at December 31, 2011, include government insured or guaranteed residential real estate mortgages, totaling $.1 billion for 30 to 59 days past due, $.1 billion for 60 to 89 days past due and $2.1 billion for 90 days or more past due.", "Past due loan amounts at December 31, 2010, include government insured or guaranteed residential real estate mortgages, totaling $.1 billion for 30 to 59 days past due, $.1 billion for 60 to 89 days past due and $2.0 billion for 90 days or more past due.", "(c) Past due loan amounts at December 31, 2011, include government insured or guaranteed other consumer loans, totaling $.2 billion for 30 to 59 days past due, $.1 billion for 60 to 89 days past due and $.3 billion for 90 days or more past due.", "Past due loan amounts at December 31, 2010, include government insured or guaranteed other consumer loans, totaling $.2 billion for 30 to 59 days past due, $.1 billion for 60 to 89 days past due and $.2 billion for 90 days or more past due.", "RAYMOND JAMES FINANCIAL, INC.  AND SUBSIDIARIES Management's Discussion and Analysis 57 Certain statistical disclosures by bank holding companies As a financial holding company, we are required to provide certain statistical disclosures by bank holding companies pursuant to the SEC’s Industry Guide 3.", "The following table provides certain of those disclosures for the periods indicated below.", "The disclosures for years ended September 30, 2016 and 2015 have been revised from those previously reported to conform to our current presentation which includes the impact of the deconsolidation of certain VIEs (see Note 2 of the Notes to Consolidated Financial Statements in this Form 10-K for additional information regarding the deconsolidation).", "||Year ended September 30,|\n||2017|2016|2015|\n|RJF return on average assets|1.9%|1.9%|2.0%|\n|RJF return on average equity|12.2%|11.3%|11.5%|\n|Average equity to average assets|15.9%|16.6%|17.7%|\n|Dividend payout ratio|20.3%|21.9%|21.0%|\n", "RJF return on average assets is computed as net income attributable to RJF for the year indicated, divided by average assets for each respective fiscal year.", "Average assets is computed by adding the total assets as of each quarter-end date during the indicated fiscal year, plus the beginning of the year total, divided by five.", "RJF return on average equity is computed by utilizing the net income attributable to RJF for the year indicated, divided by the average equity attributable to RJF for each respective fiscal year.", "Average equity is computed by adding the total equity attributable to RJF as of each quarter-end date during the indicated fiscal year, plus the beginning of the year total, divided by five.", "Average equity to average assets is computed as average equity divided by average assets as calculated in the above explanations.", "Dividend payout ratio is computed as dividends declared per common share during the fiscal year as a percentage of diluted earnings per common share.", "Refer to the RJ Bank and Risk Management sections of this MD&A and the Notes to Consolidated Financial Statements in this Form 10-K for the other required disclosures.", "Liquidity and Capital Resources Liquidity is essential to our business.", "The primary goal of our liquidity management activities is to ensure adequate funding to conduct our business over a range of market environments.", "Senior management establishes our liquidity and capital management framework.", "This framework includes senior management’s review of short- and long-term cash flow forecasts, review of monthly capital expenditures, monitoring of the availability of alternative sources of financing, and daily monitoring of liquidity in our significant subsidiaries.", "Our decisions on the allocation of capital to our business units consider, among other factors, projected profitability and cash flow, risk and impact on future liquidity needs.", "Our treasury department assists in evaluating, monitoring and controlling the impact that our business activities have on our financial condition, liquidity and capital structure and maintains our relationships with various lenders.", "The objective of this framework is to support the successful execution of our business strategies while ensuring ongoing and sufficient liquidity.", "Liquidity is provided primarily through our business operations and financing activities.", "Financing activities could include bank borrowings, repurchase agreement transactions or additional capital raising activities under our universal shelf registration statement.", "Cash provided by operating activities during the year ended September 30, 2017 was $1.31 billion.", "In addition to operating cash flows related to net income, other increases in cash from operations included: ?", "A $1.43 billion decrease in assets segregated pursuant to regulations and other segregated assets, primarily resulting from the decrease in client cash balances in part due to a significant number of client accounts from the September 2016 Alex.", "Brown acquisition electing into our RJBDP program during the current fiscal year.  ?", "$189 million of proceeds from sales of securitizations and loans held for sale, net of purchases and originations of loans and securitizations.  ?", "Accrued compensation, commissions and benefits increased $160 million as a result of the increased financial results we achieved in fiscal year 2017."], "table_evidence": [35], "paragraph_evidence": [-1], "source": "multihiertt", "original_question_id": "a13890653e5b42f98b5803cbc2d68410"}
{"question": "What is the ratio of Attritional for Current Year to the total in 2013?", "python_solution": "def solution():\n    # Define variables name and value\n    attritional_current_year = 781.8\n    total_2013 = 833.6\n    \n    # Do math calculation to get the answer\n    answer = (attritional_current_year / total_2013) * 100\n    \n    return answer", "ground_truth": 93.78598848368522, "question_id": "simplong-testmini-12", "paragraphs": ["allows us to repurchase shares at times when we may otherwise be prevented from doing so under insider trading laws or because of self-imposed trading blackout periods.", "Subject to applicable regulations, we may elect to amend or cancel this repurchase program or the share repurchase parameters at our discretion.", "As of December 31, 2018, we have repurchased an aggregate of 4,510,000 shares of common stock under this program.", "Credit Facilities and Short-Term Debt We have an unsecured revolving credit facility of $2.25 billion that expires in June 2023.", "In March 2018, AWCC and its lenders amended and restated the credit agreement with respect to AWCC’s revolving credit facility to increase the maximum commitments under the facility from $1.75 billion to $2.25 billion, and to extend the expiration date of the facility from June 2020 to March 2023.", "All other terms, conditions and covenants with respect to the existing facility remained unchanged.", "Subject to satisfying certain conditions, the credit agreement also permits AWCC to increase the maximum commitment under the facility by up to an aggregate of $500 million, and to request extensions of its expiration date for up to two, one-year periods.", "Interest rates on advances under the facility are based on a credit spread to the LIBOR rate or base rate in accordance with Moody Investors Service’s and Standard & Poor’s Financial Services’ then applicable credit rating on AWCC’s senior unsecured, non-credit enhanced debt.", "The facility is used principally to support AWCC’s commercial paper program and to provide up to $150 million in letters of credit.", "Indebtedness under the facility is considered “debt” for purposes of a support agreement between the Company and AWCC, which serves as a functional equivalent of a guarantee by the Company of AWCC’s payment obligations under the credit facility.", "AWCC also has an outstanding commercial paper program that is backed by the revolving credit facility, the maximum aggregate outstanding amount of which was increased in March 2018, from $1.60 billion to $2.10 billion.", "The following table provides the aggregate credit facility commitments, letter of credit sub-limit under the revolving credit facility and commercial paper limit, as well as the available capacity for each as of December 31, 2018 and 2017:", "||2018|2017|2016|\n|Total common shareholders' equity|40.4%|41.0%|42.1%|\n|Long-term debt and redeemable preferred stock at redemption value|52.4%|49.6%|46.4%|\n|Short-term debt and current portion of long-term debt|7.2%|9.4%|11.5%|\n|Total|100%|100%|100%|\n", "The weighted average interest rate on AWCC short-term borrowings for the years ended December 31, 2018 and 2017 was approximately 2.28% and 1.24%, respectively.", "Capital Structure The following table provides the percentage of our capitalization represented by the components of our capital structure as of December 31:", "The effective income tax rate from continuing operations for the years ended December 31 varies from the U. S.  statutory federal income tax rate as follows:", "||Percentage of Pretax Earnings|\n||2017|2016|2015|\n|Statutory federal income tax rate|35.0%|35.0%|35.0%|\n|Increase (decrease) in tax rate resulting from:||||\n|State income taxes (net of federal income tax benefit)|0.8%|0.6%|0.7%|\n|Foreign income taxed at lower rate than U.S. statutory rate|-11.6%|-10.2%|-17.1%|\n|Resolution and expiration of statutes of limitation of uncertain tax positions|-6.5%|-3.1%|-0.7%|\n|Permanent foreign exchange losses|-0.6%|-8.2%|-4.6%|\n|Research credits, uncertain tax positions and other|-1.0%|3.4%|1.1%|\n|Revaluation of U.S. deferred income taxes|-41.5%|—%|—%|\n|TCJA - Transition Tax|41.4%|—%|—%|\n|Effective income tax rate|16.0%|17.5%|14.4%|\n", "The Company’s effective tax rate for each of 2017, 2016 and 2015 differs from the U. S.  federal statutory rate of 35.0% due principally to the Company’s earnings outside the United States that are indefinitely reinvested and taxed at rates lower than the U. S.  federal statutory rate.", "In addition: ?", "The effective tax rate of 16.0% in 2017 includes 500 basis points of net tax benefits related to the revaluation of net U. S.  deferred tax liabilities from 35.0% to 21.0% due to the TCJA and release of reserves upon statute of limitation expiration, partially offset by income tax expense related to the Transition Tax on foreign earnings due to the TCJA and changes in estimates associated with prior period uncertain tax positions.  ?", "The effective tax rate of 17.5% in 2016 includes 350 basis points of net tax benefits from permanent foreign exchange losses and the release of reserves upon the expiration of statutes of limitation and audit settlements, partially offset by income tax expense related to repatriation of earnings and legal entity realignments associated with the Separation and changes in estimates associated with prior period uncertain tax positions.  ?", "The effective tax rate of 14.4% in 2015 includes 290 basis points of net tax benefits from permanent foreign exchange losses, releases of valuation allowances related to foreign operating losses and the release of reserves upon the expiration of statutes of limitation, partially offset by changes in estimates associated with prior period uncertain tax positions.", "The Company made income tax payments related to both continuing and discontinued operations of $689 million, $767 million and $584 million in 2017, 2016 and 2015, respectively.", "Current income taxes payable related to both continuing and discontinued operations has been reduced by $85 million, $99 million, and $147 million in 2017, 2016 and 2015, respectively, for tax deductions attributable to stock-based compensation, of which, the excess tax benefit over the amount recorded for financial reporting purposes for both continuing and discontinued operations was $55 million, $50 million and $88 million, respectively.", "The excess tax benefits realized have been recorded as increases to additional paid-in capital for the years ended December 31, 2016 and 2015 and are reflected as a financing cash inflow in the accompanying Consolidated Statements of Cash Flows.", "As a result of the adoption of ASU 2016-09, Compensation—Stock Compensation, the excess tax benefit for the year ended December 31, 2017 has been recorded as a reduction to the current income tax provision and is reflected as an operating cash inflow in the accompanying Consolidated Statement of Cash Flows.", "Included in deferred income taxes related to continuing operations as of December 31, 2017 are tax benefits for U. S.  and non\u0002U.", "S.  net operating loss carryforwards totaling $502 million ($283 million of which the Company does not expect to realize and have corresponding valuation allowances).", "Certain of the losses can be carried forward indefinitely and others can be carried forward to various dates from 2018 through 2037.", "In addition, the Company had general business and foreign tax credit carryforwards related to continuing operations of $171 million ($30 million of which the Company does not expect to realize and have corresponding valuation allowances) as of December 31, 2017, which can be carried forward to various dates from 2018 to 2027.", "In addition, as of December 31, 2017, the Company had $12 million of valuation allowances related to other deferred tax asset balances that are not more likely than not of being realized.", "As of December 31, 2017, gross unrecognized tax benefits related to continuing operations totaled $737 million ($736 million, net of the impact of $104 million of indirect tax benefits offset by $103 million associated with potential interest and penalties).", "Incurred Losses and LAE.", "The following table presents the incurred losses and LAE for the U. S.  Reinsurance segment for the periods indicated.", "||Years Ended December 31,||\n|(Dollars in millions)|Current Year|Ratio %/ Pt Change|Prior Years|Ratio %/ Pt Change|Total Incurred|Ratio %/ Pt Change|\n|2015||||||||||\n|Attritional|$940.6|48.2%||$-123.1|-6.3%||$817.5|41.9%||\n|Catastrophes|16.7|0.9%||-9.2|-0.5%||7.6|0.4%||\n|Total segment|$957.4|49.1%||$-132.3|-6.8%||$825.1|42.3%||\n|2014||||||||||\n|Attritional|$933.3|47.0%||$24.5|1.2%||$957.8|48.2%||\n|Catastrophes|12.5|0.6%||-15.8|-0.8%||-3.3|-0.2%||\n|Total segment|$945.8|47.6%||$8.7|0.4%||$954.5|48.0%||\n|2013||||||||||\n|Attritional|$781.8|46.7%||$-36.7|-2.2%||$745.2|44.5%||\n|Catastrophes|51.8|3.1%||17.7|1.1%||69.5|4.2%||\n|Total segment|$833.6|49.8%||$-18.9|-1.1%||$814.7|48.7%||\n|Variance 2015/2014||||||||||\n|Attritional|$7.3|1.2|pts|$-147.6|-7.5|pts|$-140.3|-6.3|pts|\n|Catastrophes|4.2|0.3|pts|6.6|0.3|pts|10.9|0.6|pts|\n|Total segment|$11.6|1.5|pts|$-141.0|-7.2|pts|$-129.4|-5.7|pts|\n|Variance 2014/2013||||||||||\n|Attritional|$151.5|0.3|pts|$61.2|3.4|pts|$212.6|3.7|pts|\n|Catastrophes|-39.3|-2.5|pts|-33.5|-1.9|pts|-72.8|-4.4|pts|\n|Total segment|$112.2|-2.2|pts|$27.7|1.5|pts|$139.9|-0.7|pts|\n|(Some amounts may not reconcile due to rounding.)|||||||||\n", "Incurred losses decreased by 13.6% to $825.1 million in 2015 compared to $954.5 million in 2014, primarily due to an increase in favorable development of $147.6 million on prior year attritional losses in 2015 compared to 2014 related to treaty property, treaty casualty, marine lines of business and less year over year development on A&E reserves.", "This favorable development was partially offset by the increase in current year attritional losses of $7.3 million resulting primarily from $14.2 million related to the explosion at the Chinese port of Tianjin.", "Current year catastrophe losses were $16.7 million in 2015 mainly due to the US storms ($16.2 million).", "The $12.5 million of current year catastrophe losses in 2014 related to the Japan snowstorm ($7.8 million) and Hurricane Odile ($4.7 million).", "Incurred losses increased by 17.2% to $954.5 million in 2014 compared to $814.7 million in 2013, primarily due to the increase in current year attritional losses of $151.5 million resulting primarily from the impact of the increase in premiums earned and less favorable development of $61.2 million on prior years’ attritional losses in 2014 compared to 2013, mainly related to an increase in A&E reserves.", "This increase was partially offset by a decrease in current year catastrophe losses (outlined above) and favorable development of $33.5 million on prior year catastrophe losses in 2014 compared to 2013, mainly related to Superstorm Sandy.", "The $51.8 million of current year catastrophe losses in 2013 were mainly due to U. S.  Storms ($44.8 million), the European floods ($5.0 million) and the Canadian Floods ($2.0 million).", "Segment Expenses.", "Commission and brokerage expenses increased by 5.8% to $493.3 million in 2015 compared to $466.3 million in 2014.", "The variance was primarily due to the impact of changes in the mix of business.", "Segment other underwriting expenses increased to $50.1 million in 2015 from $45.6 million in 2014.", "The increase was primarily due to the impact of changes in the mix of business and higher employee benefit costs."], "table_evidence": [34], "paragraph_evidence": [33], "source": "multihiertt", "original_question_id": "cc33c2772622429db66921ae69468dd7"}
{"question": "In the year with largest amount of Net income, what's the sum ofNet income and Depreciation and amortization? (in thousands)", "python_solution": "def solution():\n    # Define variables name and value\n    net_income = 114612\n    depreciation_and_amortization = 91503\n    \n    # Do math calculation to get the answer\n    answer = net_income + depreciation_and_amortization\n    \n    return answer", "ground_truth": 206115.0, "question_id": "simplong-testmini-13", "paragraphs": ["4) Includes $3.1 million and $8.0 million of insurance recoveries in 2004 and 2003, respectively, attributable to rental income lost at Santana Row as a result of the August 2002 fire.", "Insurance recoveries received in 2005 were insignificant.", "Excluding these items, funds from operations in 2004 and 2003 would have been $156.0 million and $140.5 million, respectively.5) The SEC has stated that EBITDA is a non-GAAP measure as calculated in the table below.", "Adjusted EBITDA is a non-GAAP measure that means net income or loss plus interest expense, income taxes, depreciation and amortization, impairment provisions, and nonrecurring expenses.", "Adjusted EBITDA is presented because we believe that it provides useful information to investors regarding our ability to service debt and because it approximates a key covenant in material notes.", "Adjusted EBITDA should not be considered an alternative measure of operating results or cash flow from operations as determined in accordance with GAAP.", "Adjusted EBITDA as presented may not be comparable to other similarly titled measures used by other REITs.", "The reconciliation of Adjusted EBITDA to net income for the periods presented is as follows:", "||2005|2004|2003|2002|2001|\n||(In thousands)|\n|Net income|$114,612|$84,156|$94,497|$55,287|$68,756|\n|Depreciation and amortization|91,503|90,438|75,503|64,529|59,914|\n|Interest expense|88,566|85,058|75,232|65,058|69,313|\n|Other interest income|-2,216|-1,509|-1,276|-1,386|-2,662|\n|EBITDA|292,465|258,143|243,956|183,488|195,321|\n|Gain loss on sale of real estate|-30,748|-14,052|-20,053|-19,101|-9,185|\n|Loss on abandoned developmentsheld for sale|—|—|—|9,647|—|\n|Adjusted EBITDA|$261,717|$244,091|$223,903|$174,034|$186,136|\n", "6) Fixed charges consist of interest on borrowed funds (including capitalized interest), amortization of debt discount and expense and the portion of rent expense representing an interest factor.", "Preferred share dividends consist of dividends paid on our outstanding Series A preferred shares and Series B preferred shares.", "Our Series A preferred shares were redeemed in full in June 2003.", "ITEM 7.", "MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion should be read in conjunction with the consolidated financial statements and notes thereto appearing in “Item 8.", "Financial Statements and Supplementary Data” of this report.", "Overview We are an equity real estate investment trust specializing in the ownership, management, development and redevelopment of retail and mixed-use properties.", "As of December 31, 2005, we owned or had a majority interest in 103 community and neighborhood shopping centers and mixed-use properties comprising approximately 17.6 million square feet.", "Our properties are located primarily in densely populated and affluent communities in strategic metropolitan markets in the Mid-Atlantic and Northeast regions of the United States, as well as in California, and one apartment complex in Maryland.", "In total, the 103 commercial properties were 96.3% leased at December 31, 2005.", "A joint venture in which we own a 30% interest owned four neighborhood shopping centers totaling approximately 0.5 million square feet as of December 31, 2005.", "In total, the joint venture properties in which we own an interest were 97.4% leased at December 31, 2005.", "We have paid quarterly dividends to our shareholders continuously since our founding in 1962 and have increased our dividends per common share for 38 consecutive years.", "(4) Includes $3.1 million and $8.0 million of insurance recoveries in 2004 and 2003, respectively, attributable to rental income lost at Santana Row as a result of the August 2002 fire.", "Insurance recoveries received in 2005 were insignificant.", "Excluding these items, funds from operations available for common shareholders in 2004 and 2003 would have been $145.6 million and $123.3 million, respectively.", "(5) The SEC has stated that EBITDA is a non-GAAP measure as calculated in the table below.", "Adjusted EBITDA is a non-GAAP measure that means net income or loss plus net interest expense, income taxes, depreciation and amortization, gain or loss on sale of real estate and impairments of real estate if any.", "Adjusted EBITDA is presented because we believe that it provides useful information to investors regarding our ability to service debt and because it approximates a key covenant in material notes.", "Adjusted EBITDA should not be considered an alternative measure of operating results or cash flow from operations as determined in accordance with GAAP.", "Adjusted EBITDA as presented may not be comparable to other similarly titled measures used by other REITs.", "The reconciliation of Adjusted EBITDA to net income for the periods presented is as follows:", "||2006|2005|2004|2003|2002|\n||(In thousands)|\n|Net income|$118,712|$114,612|$84,156|$94,497|$55,287|\n|Depreciation and amortization|97,879|91,503|90,438|75,503|64,529|\n|Interest expense|102,808|88,566|85,058|75,232|65,058|\n|Other interest income|-2,616|-2,216|-1,509|-1,276|-1,386|\n|EBITDA|316,783|292,465|258,143|243,956|183,488|\n|Gain on sale of real estate|-23,956|-30,748|-14,052|-20,053|-19,101|\n|Loss on abandoned developmentsheld for sale|—|—|—|—|9,647|\n|Adjusted EBITDA|$292,827|$261,717|$244,091|$223,903|$174,034|\n", "(6) Fixed charges consist of interest on borrowed funds (including capitalized interest), amortization of debt discount and expense and the portion of rent expense representing an interest factor.", "Preferred share dividends consist of dividends paid on preferred shares and preferred stock redemption costs.", "Our Series A preferred shares were redeemed in full in June 2003 and our Series B preferred shares were redeemed in full in November 2006.", "ITEM 7.", "MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion should be read in conjunction with the consolidated financial statements and notes thereto appearing in “Item 8.", "Financial Statements and Supplementary Data” of this report.", "Overview We are an equity real estate investment trust specializing in the ownership, management, development and redevelopment of high quality retail and mixed-use properties.", "As of December 31, 2006, we owned or had a majority interest in 111 community and neighborhood shopping centers and mixed-use properties comprising approximately 18.8 million square feet.", "Our properties are located primarily in densely populated and affluent communities in strategic metropolitan markets in the Mid-Atlantic and Northeast regions of the United States, as well as in California.", "In total, these 111 commercial properties were 96.5% leased at December 31, 2006.", "A joint venture in which we own a 30% interest owned four neighborhood shopping centers totaling approximately 0.7 million square feet as of December 31, 2006.", "In total, the joint venture properties in which we own an interest were 98.7% leased at December 31, 2006.", "We have paid quarterly dividends to our shareholders continuously since our founding in 1962 and have increased our dividends per common share for 39 consecutive years.", "| Property, City, State, Zip Code| Year Completed| Year Acquired| Square Feet-1 /Apartment Units| Average Rent Per Square Foot| Percentage Leased-2| Principal Tenant(s)|\n|Mount Vernon/South Valley/7770 Richmond HwyAlexandria, VA 22306-3(6)(12)|1966-1974|2003/2006|565,000|$15.32|95%|Shoppers Food WarehouseBed, Bath & BeyondMichaelsHome DepotTJ MaxxGold’s Gym|\n|Old Keene MillSpringfield, VA 22152|1968|1976|92,000|$33.35|97%|Whole FoodsWalgreens|\n|Pan AmFairfax, VA 22031|1979|1993|227,000|$18.41|100%|MichaelsMicroCenterSafeway|\n|Pentagon RowArlington, VA 22202-12|2001-2002|1998/2010|296,000|$33.69|99%|Harris TeeterBed,Bath & BeyondBally Total FitnessDSW|\n|Pike 7 PlazaVienna, VA 22180-6|1968|1997|164,000|$38.11|100%|DSWStaplesTJ Maxx|\n|Shoppers’ WorldCharlottesville, VA 22091-12|1975-2001|2007|169,000|$11.92|94%|Whole FoodsStaples|\n|Shops at Willow LawnRichmond, VA 23230|1957|1983|480,000|$16.02|88%|KrogerOld NavyRoss Dress For LessStaples|\n|Tower Shopping CenterSpringfield, VA 22150|1960|1998|112,000|$24.04|91%|Talbots|\n|Tyson’s StationFalls Church, VA 22043-12|1954|1978|49,000|$39.43|100%|Trader Joe’s|\n|Village at ShirlingtonArlington, VA 22206-7|1940, 2006-2009|1995|255,000|$33.22|98%|AMC LoewsCarlyle Grand CaféHarrisTeeter|\n| Total All Regions—Retail-14||| 18,286,000| $22.77| 94%||\n| Total All Regions—Residential||| 903 units|| 95%||\n", "(1) Represents the physical square footage of the commercial portion of the property, which may differ from the gross leasable square footage used to express percentage leased.", "Some of our properties include office space which is included in this square footage but is not material in total.", "(2) Retail percentage leased is expressed as a percentage of rentable commercial square feet occupied or subject to a lease under which rent is currently payable and includes square feet covered by leases for stores not yet opened.", "Residential percentage leased is expressed as a percentage of units occupied or subject to a lease.", "(3) All or a portion of this property is owned pursuant to a ground lease.", "(4) We own the controlling interest in this center.", "(5) We own a 90% general and limited partnership interests in these buildings.", "(6) We own this property in a “downREIT” partnership, of which a wholly owned subsidiary of the Trust is the sole general partner, with third party partners holding operating partnership units.", "(7) All or a portion of this property is subject to a capital lease obligation.", "(8) We own a 64.1% membership interest in this property.", "(9) 50% of the ownership of this property is in a “downREIT” partnership, of which a wholly owned subsidiary of the Trust is the sole general partner, with third party partners holding operating partnership units.", "(10) Properties acquired through the Taurus Newbury Street JV II Limited Partnership or a joint venture arrangement with affiliates of a discretionary fund created and advised by ING Clarion Partners.", "(11) The Trust controls Melville Mall through a 20 year master lease and secondary financing to the owner.", "Because the Trust controls the activities that most significantly impact this property and retains substantially all of the economic benefit and risk associated with it, we consolidate this property and its operations.", "Item 2.", "Properties We employ a variety of assets in the management and operation of our rail business.", "Our rail network covers 23 states in the western two-thirds of the U. S."], "table_evidence": [8, 31], "paragraph_evidence": [30, 7], "source": "multihiertt", "original_question_id": "a008a089ae0e4692b174628a5f738d24"}
{"question": "what is the average price of the increased electricity usage per gwh?", "python_solution": "def solution():\n    # Define variables name and value\n    increased_revenue = 18.9 * 1000000\n    increased_usage = 1046\n\n    # Calculate the average price of the increased electricity usage per GWh\n    answer = increased_revenue / increased_usage\n\n    return answer", "ground_truth": 18068.83365200765, "question_id": "simplong-testmini-14", "paragraphs": ["Entergy Corporation and Subsidiaries Notes to Financial Statements 145 The fair value of debt securities, summarized by contractual maturities, as of December 31, 2009 and 2008 are as follows:", "||2009|2008|\n||(In Millions)|\n|less than 1 year|$31|$21|\n|1 year - 5 years|676|526|\n|5 years - 10 years|388|490|\n|10 years - 15 years|131|146|\n|15 years - 20 years|34|52|\n|20 years+|163|161|\n|Total|$1,423|$1,396|\n", "During the years ended December 31, 2009, 2008, and 2007, proceeds from the dispositions of securities amounted to $2,571 million, $1,652 million, and $1,583 million, respectively.", "During the years ended December 31, 2009, 2008, and 2007, gross gains of $80 million, $26 million, and $5 million, respectively, and gross losses of $30 million, $20 million, and $4 million, respectively, were reclassified out of other comprehensive income into earnings.", "Other-than-temporary impairments and unrealized gains and losses Entergy evaluates unrealized losses at the end of each period to determine whether an other-than-temporary impairment has occurred.", "Effective January 1, 2009, Entergy adopted an accounting pronouncement providing guidance regarding recognition and presentation of other-than-temporary impairments related to investments in debt securities.", "The assessment of whether an investment in a debt security has suffered an other-than-temporary impairment is based on whether Entergy has the intent to sell or more likely than not will be required to sell the debt security before recovery of its amortized costs.", "Further, if Entergy does not expect to recover the entire amortized cost basis of the debt security, an other-than-temporary impairment is considered to have occurred and it is measured by the present value of cash flows expected to be collected less the amortized cost basis (credit loss).", "For debt securities held as of January 1, 2009 for which an other-than-temporary impairment had previously been recognized but for which assessment under the new guidance indicates this impairment is temporary, Entergy recorded an adjustment to its opening balance of retained earnings of $11.3 million ($6.4 million net-of-tax).", "Entergy did not have any material other-than-temporary impairments relating to credit losses on debt securities in 2009.", "The assessment of whether an investment in an equity security has suffered an other-than-temporary impairment continues to be based on a number of factors including, first, whether Entergy has the ability and intent to hold the investment to recover its value, the duration and severity of any losses, and, then, whether it is expected that the investment will recover its value within a reasonable period of time.", "Entergy's trusts are managed by third parties who operate in accordance with agreements that define investment guidelines and place restrictions on the purchases and sales of investments.", "Non-Utility Nuclear recorded charges to other income of $86 million in 2009, $50 million in 2008, and $5 million in 2007, resulting from the recognition of the other-than-temporary impairment of certain equity securities held in its decommissioning trust funds.", "NOTE 18.", "ENTERGY NEW ORLEANS BANKRUPTCY PROCEEDING As a result of the effects of Hurricane Katrina and the effect of extensive flooding that resulted from levee breaks in and around the New Orleans area, on September 23, 2005, Entergy New Orleans filed a voluntary petition in bankruptcy court seeking reorganization relief under Chapter 11 of the U. S.  Bankruptcy Code.", "On May 7, 2007, the bankruptcy judge entered an order confirming Entergy New Orleans' plan of reorganization.", "With the receipt of CDBG funds, and the agreement on insurance recovery with one of its excess insurers, Entergy New Orleans waived the conditions precedent in its plan of reorganization and the plan became effective on May 8, 2007.", "Following are significant terms in Entergy New Orleans' plan of reorganization:", "As a result of the accounting for uncertain tax positions, the amount of the deferred tax assets reflected in the financial statements is less than the amount of the tax effect of the federal and state net operating loss carryovers, tax credit carryovers, and other tax attributes reflected on income tax returns.", "Because it is more likely than not that the benefit from certain state net operating and capital loss carryovers will not be utilized, a valuation allowance of $66 million and $13 million has been provided on the deferred tax assets relating to these state net operating and capital loss carryovers, respectively.", "Significant components of accumulated deferred income taxes and taxes accrued for the Registrant Subsidiaries as of December 31, 2011 and 2010 are as follows:", "|2011|Entergy Arkansas|Entergy Gulf States Louisiana|Entergy Louisiana|Entergy Mississippi|Entergy New Orleans|Entergy Texas|System Energy|\n||(In Thousands)|\n|Deferred tax liabilities:||||||||\n|Plant basis differences - net|-$1,375,502|-$1,224,422|-$1,085,047|-$608,596|-$169,538|-$892,707|-$505,369|\n|Regulatory asset for income taxes - net|-64,204|-140,644|-121,388|-28,183|70,973|-59,812|-87,550|\n|Power purchase agreements|94|3,938|-1|2,383|22|2,547|-|\n|Nuclear decommissioning trusts|-53,789|-21,096|-22,441|-|-|-|-19,138|\n|Deferred fuel|-82,452|-1,225|-4,285|718|-331|3,932|-8|\n|Other|-107,558|-1,532|-26,373|-10,193|-18,319|-14,097|-9,333|\n|Total|-$1,683,411|-$1,384,981|-$1,259,535|-$643,871|-$117,193|-$960,137|-$621,398|\n|Deferred tax assets:||||||||\n|Accumulated deferred investment||||||||\n|tax credits|16,843|31,367|28,197|2,437|592|6,769|22,133|\n|Pension and OPEB|-75,399|92,602|19,866|-30,390|-11,713|-41,964|-19,593|\n|Nuclear decommissioning liabilities|-104,862|-38,683|56,399|-|-|-|-47,360|\n|Sale and leaseback|-|-|66,801|-|-|-|150,629|\n|Provision for regulatory adjustments|-|97,608|-|-|-|-|-|\n|Provision for contingencies|4,167|90|3,940|2,465|10,121|2,299|-|\n|Unbilled/deferred revenues|15,222|-21,918|-7,108|8,990|2,707|14,324|-|\n|Customer deposits|7,019|618|5,699|1,379|109|-|-|\n|Rate refund|11,627|-|134|-|2|-3,924|-|\n|Net operating loss carryforwards|-|-|39,153|-|-|58,546|-|\n|Other|3,485|27,392|18,824|4,826|5,248|37,734|25,724|\n|Total|-121,898|189,076|231,905|-10,293|7,066|73,784|131,533|\n|Noncurrent accrued taxes (including||||||||\n|unrecognized tax benefits)|-27,718|-206,752|-75,750|-6,271|-27,859|39,799|-165,981|\n|Accumulated deferred income||||||||\n|taxes and taxes accrued|-$1,833,027|-$1,402,657|-$1,103,380|-$660,435|-$137,986|-$846,554|-$655,846|\n", "Entergy Mississippi, Inc.  Management’s Financial Discussion and Analysis 327 2010 Compared to 2009 Net revenue consists of operating revenues net of: 1) fuel, fuel-related expenses, and gas purchased for resale, 2) purchased power expenses, and 3) other regulatory charges (credits).", "Following is an analysis of the change in net revenue comparing 2010 to 2009.", "||Amount (In Millions)|\n|2009 net revenue|$536.7|\n|Volume/weather|18.9|\n|Other|-0.3|\n|2010 net revenue|$555.3|\n", "The volume/weather variance is primarily due to an increase of 1,046 GWh, or 8%, in billed electricity usage in all sectors, primarily due to the effect of more favorable weather on the residential sector.", "Gross operating revenues, fuel and purchased power expenses, and other regulatory charges (credits) Gross operating revenues increased primarily due to an increase of $22 million in power management rider revenue as the result of higher rates, the volume/weather variance discussed above, and an increase in Grand Gulf rider revenue as a result of higher rates and increased usage, offset by a decrease of $23.5 million in fuel cost recovery revenues due to lower fuel rates.", "Fuel and purchased power expenses decreased primarily due to a decrease in deferred fuel expense as a result of prior over-collections, offset by an increase in the average market price of purchased power coupled with increased net area demand.", "Other regulatory charges increased primarily due to increased recovery of costs associated with the power management recovery rider.", "Other Income Statement Variances 2011 Compared to 2010 Other operation and maintenance expenses decreased primarily due to: x a $5.4 million decrease in compensation and benefits costs primarily resulting from an increase in the accrual for incentive-based compensation in 2010 and a decrease in stock option expense; and x the sale of $4.9 million of surplus oil inventory.", "The decrease was partially offset by an increase of $3.9 million in legal expenses due to the deferral in 2010 of certain litigation expenses in accordance with regulatory treatment.", "Taxes other than income taxes increased primarily due to an increase in ad valorem taxes due to a higher 2011 assessment as compared to 2010, partially offset by higher capitalized property taxes as compared with prior year.", "Depreciation and amortization expenses increased primarily due to an increase in plant in service.", "Interest expense decreased primarily due to a revision caused by FERC’s acceptance of a change in the treatment of funds received from independent power producers for transmission interconnection projects.", "Entergy New Orleans, Inc.  Management’s Financial Discussion and Analysis 350 Also in addition to the contractual obligations, Entergy New Orleans has $53.7 million of unrecognized tax benefits and interest net of unused tax attributes and payments for which the timing of payments beyond 12 months cannot be reasonably estimated due to uncertainties in the timing of effective settlement of tax positions.", "See Note 3 to the financial statements for additional information regarding unrecognized tax benefits.", "The planned capital investment estimate for Entergy New Orleans reflects capital required to support existing business.", "The estimated capital expenditures are subject to periodic review and modification and may vary based on the ongoing effects of regulatory constraints, environmental compliance, market volatility, economic trends, changes in project plans, and the ability to access capital.", "Management provides more information on long-term debt and preferred stock maturities in Notes 5 and 6 and to the financial statements.", "As an indirect, wholly-owned subsidiary of Entergy Corporation, Entergy New Orleans pays dividends from its earnings at a percentage determined monthly.", "Entergy New Orleans’s long-term debt indentures contain restrictions on the payment of cash dividends or other distributions on its common and preferred stock.", "Sources of Capital Entergy New Orleans’s sources to meet its capital requirements include: x internally generated funds; x cash on hand; and x debt and preferred stock issuances.", "Entergy New Orleans may refinance, redeem, or otherwise retire debt and preferred stock prior to maturity, to the extent market conditions and interest and dividend rates are favorable.", "Entergy New Orleans’s receivables from the money pool were as follows as of December 31 for each of the following years:", "|2011|2010|2009|2008|\n|(In Thousands)|\n|$9,074|$21,820|$66,149|$60,093|\n", "See Note 4 to the financial statements for a description of the money pool.", "Entergy New Orleans has obtained short-term borrowing authorization from the FERC under which it may borrow through October 2013, up to the aggregate amount, at any one time outstanding, of $100 million.", "See Note 4 to the financial statements for further discussion of Entergy New Orleans’s short-term borrowing limits.", "The long-term securities issuances of Entergy New Orleans are limited to amounts authorized by the City Council, and the current authorization extends through July 2012.", "Entergy Louisiana’s Ninemile Point Unit 6 Self-Build Project In June 2011, Entergy Louisiana filed with the LPSC an application seeking certification that the public necessity and convenience would be served by Entergy Louisiana’s construction of a combined-cycle gas turbine generating facility (Ninemile 6) at its existing Ninemile Point electric generating station.", "Ninemile 6 will be a nominally-sized 550 MW unit that is estimated to cost approximately $721 million to construct, excluding interconnection and transmission upgrades.", "Entergy Gulf States Louisiana joined in the application, seeking certification of its purchase under a life-of-unit power purchase agreement of up to 35% of the capacity and energy generated by Ninemile 6.", "The Ninemile 6 capacity and energy is proposed to be allocated 55% to Entergy Louisiana, 25% to Entergy Gulf States Louisiana, and 20% to Entergy New Orleans.", "In February 2012 the City Council passed a resolution authorizing Entergy New Orleans to purchase 20% of the Ninemile 6 energy and capacity.", "If approvals are obtained from the LPSC and other permitting agencies, Ninemile 6 construction is", "Equity Compensation Plan Information The following table summarizes the equity compensation plan information as of December 31, 2011.", "Information is included for equity compensation plans approved by the stockholders and equity compensation plans not approved by the stockholders."], "table_evidence": [24], "paragraph_evidence": [25], "source": "multihiertt", "original_question_id": "417efd8e13d8479591443c95c88a04fa"}
{"question": "what percent did the balance increase from the beginning of 2016 to the end of 2017?", "python_solution": "def solution():\n    # Define variables name and value\n    ending_balance = 219\n    beginning_balance = 143\n    \n    # Do math calculation to get the answer\n    answer = ((ending_balance / beginning_balance) - 1) * 100\n    \n    return answer", "ground_truth": 53.14685314685315, "question_id": "simplong-testmini-15", "paragraphs": ["||December 31,|\n|(in millions)|2017|2016|2015|2014|2013|\n|Balance sheet data:||||||\n|Cash and cash equivalents|$6,894|$6,091|$6,083|$5,723|$4,390|\n|Goodwill and intangible assets, net|30,609|30,481|30,495|30,305|30,481|\n|Total assets-1|220,217|220,177|225,261|239,792|219,859|\n|Less:||||||\n|Separate account assets-2|149,937|149,089|150,851|161,287|155,113|\n|Collateral held under securities lending agreements-2|24,190|27,792|31,336|33,654|21,788|\n|Consolidated investment vehicles-3|580|375|678|3,787|2,714|\n|Adjusted total assets|$45,510|$42,921|$42,396|$41,064|$40,244|\n|Borrowings|5,014|4,915|4,930|4,922|4,925|\n|Total BlackRock, Inc. stockholders’ equity|$31,825|$29,098|$28,503|$27,366|$26,460|\n|Assets under management:||||||\n|Equity:||||||\n|Active|$311,209|$275,033|$281,319|$292,802|$317,262|\n|iSharesETFs|1,329,610|951,252|823,156|790,067|718,135|\n|Non-ETF index|1,730,822|1,430,891|1,319,297|1,368,242|1,282,298|\n|Equity subtotal|3,371,641|2,657,176|2,423,772|2,451,111|2,317,695|\n|Fixed income:||||||\n|Active|815,135|749,996|719,653|701,324|652,209|\n|iSharesETFs|395,252|314,707|254,190|217,671|178,835|\n|Non-ETF index|645,078|507,662|448,525|474,658|411,142|\n|Fixed income subtotal|1,855,465|1,572,365|1,422,368|1,393,653|1,242,186|\n|Multi-asset|480,278|395,007|376,336|377,837|341,214|\n|Alternatives:||||||\n|Core|98,533|88,630|92,085|88,006|85,026|\n|Currency and commodities-4|30,814|28,308|20,754|23,234|26,088|\n|Alternatives subtotal|129,347|116,938|112,839|111,240|111,114|\n|Long-term|5,836,731|4,741,486|4,335,315|4,333,841|4,012,209|\n|Cash management|449,949|403,584|299,884|296,353|275,554|\n|Advisory-5|1,515|2,782|10,213|21,701|36,325|\n|Total|$6,288,195|$5,147,852|$4,645,412|$4,651,895|$4,324,088|\n", "(1) Includes separate account assets that are segregated funds held for purposes of funding individual and group pension contracts and collateral held under securities lending agreements related to these assets that have equal and offsetting amounts recorded in liabilities and ultimately do not impact BlackRock’s stockholders’ equity or cash flows.", "(2) Equal and offsetting amounts, related to separate account assets and collateral held under securities lending agreements, are recorded in liabilities.", "(3) Amounts include assets held by consolidated sponsored investment products.", "During 2015, the Company adopted new accounting guidance on consolidations effective January 1, 2015 using the modified retrospective method.", "As a result of the adoption, the Company’s balance sheet at December 31, 2015 reflects the deconsolidation of the Company’s previously consolidated collateralized loan obligations.", "(4) Amounts include commodity iShares ETFs.", "(5) Advisory AUM represents long-term portfolio liquidation assignments.", "||GAAP|As adjusted|\n|(in millions)|2017|2016|2015|2017|2016|2015|\n|Operating income-1|$5,272|$4,570|$4,664|$5,287|$4,674|$4,695|\n|Total nonoperating income (expense)(1)(2)|-32|-108|-69|-32|-108|-70|\n|Income before income taxes-2|$5,240|$4,462|$4,595|$5,255|$4,566|$4,625|\n|Income tax expense-3|$270|$1,290|$1,250|$1,539|$1,352|$1,312|\n|Effective tax rate-3|5.2%|28.9%|27.2%|29.3%|29.6%|28.4%|\n", "(1) See Non-GAAP Financial Measures for further information on and reconciliation of as adjusted items.", "(2) Net of net income (loss) attributable to NCI.", "(3) GAAP income tax expense and effective tax rate for 2017 reflects $1.2 billion of a net tax benefit related to the 2017 Tax Act.", "The Company’s tax rate is affected by tax rates in foreign jurisdictions and the relative amount of income earned in those jurisdictions, which the Company expects to be fairly consistent in the near term.", "The significant foreign jurisdictions that have lower statutory tax rates than the U. S.  federal statutory rate of 35% include the United Kingdom, Channel Islands, Ireland and Netherlands.2017.", "Income tax expense (GAAP) reflected: ?", "the following amounts related to the 2017 Tax Act: ?", "$106 million tax expense related to the revaluation of certain deferred income tax assets; ?", "$1,758 million noncash tax benefit related to the revaluation of certain deferred income tax liabilities; and ?", "$477 million tax expense related to the mandatory deemed repatriation of undistributed foreign earnings and profits.  ?", "a noncash expense of $16 million, primarily associated with the revaluation of certain deferred income tax liabilities as a result of domestic state and local tax changes; and ?", "$173 million discrete tax benefits, primarily related to stock-based compensation awards, including $151 million related to the adoption of new accounting guidance related to stock-based compensation awards.", "See Note 2, Significant Accounting Policies, for further information.", "The as adjusted effective tax rate of 29.3% for 2017 excluded the noncash deferred tax revaluation benefit of $1,758 million and noncash expense of $16 million mentioned above as it will not have a cash flow impact and to ensure comparability among periods presented.", "In addition, the deemed repatriation tax expense of $477 million has been excluded from the as adjusted results due to the one-time nature and to ensure comparability among periods presented.2016.", "Income tax expense (GAAP) reflected: ?", "a net noncash benefit of $30 million, primarily associated with the revaluation of certain deferred income tax liabilities; and ?", "a benefit from $65 million of nonrecurring items, including the resolution of certain outstanding tax matters.", "The as adjusted effective tax rate of 29.6% for 2016 excluded the net noncash benefit of $30 million mentioned above as it will not have a cash flow impact and to ensure comparability among periods presented.2015.", "Income tax expense (GAAP) reflected: ?", "a net noncash benefit of $54 million, primarily associated with the revaluation of certain deferred income tax liabilities; and ?", "a benefit from $75 million of nonrecurring items, primarily due to the realization of losses from changes in the Company’s organizational tax structure and the resolution of certain outstanding tax matters.", "The as adjusted effective tax rate of 28.4% for 2015 excluded the net noncash benefit of $54 million mentioned above, as it will not have a cash flow impact and to ensure comparability among periods presented.", "BALANCE SHEET OVERVIEW As Adjusted Balance Sheet The following table presents a reconciliation of the consolidated statement of financial condition presented on a GAAP basis to the consolidated statement of financial condition, excluding the impact of separate account assets and separate account collateral held under securities lending agreements (directly related to lending separate account securities) and separate account liabilities and separate account collateral liabilities under securities lending agreements and consolidated sponsored investment funds, including consolidated VIEs.", "The Company presents the as adjusted balance sheet as additional information to enable investors to exclude certain assets that have equal and offsetting liabilities or noncontrolling interests that ultimately do not have an impact on stockholders’ equity or cash flows.", "Management views the as adjusted balance sheet, which contains non-GAAP financial measures, as an economic presentation of the Company’s total assets and liabilities; however, it does not advocate that investors consider such non-GAAP financial measures in isolation from, or as a substitute for, financial information prepared in accordance with GAAP.", "Separate Account Assets and Liabilities and Separate Account Collateral Held under Securities Lending Agreements Separate account assets are maintained by BlackRock Life Limited, a wholly owned subsidiary of the Company that is a registered life insurance company in the United Kingdom, and represent segregated assets held for purposes of funding individual and group pension contracts.", "The", "when the likelihood of clawback is considered mathematically improbable.", "The Company records a deferred carried interest liability to the extent it receives cash or capital allocations related to carried interest prior to meeting the revenue recognition criteria.", "At December 31, 2017 and 2016, the Company had $219 million and $152 million, respectively, of deferred carried interest recorded in other liabilities/other liabilities of consolidated VIEs on the consolidated statements of financial condition.", "A portion of the deferred carried interest liability will be paid to certain employees.", "The ultimate timing of the recognition of performance fee revenue, if any, for these products is unknown.", "The following table presents changes in the deferred carried interest liability (including the portion related to consolidated VIEs) for 2017 and 2016:", "|(in millions)|2017|2016|\n|Beginning balance|$152|$143|\n|Net increase (decrease) in unrealized allocations|75|37|\n|Performance fee revenue recognized|-21|-28|\n|Acquisition|13|—|\n|Ending balance|$219|$152|\n", "For 2017, 2016 and 2015, performance fee revenue (which included recognized carried interest) totaled $594 million, $295 million and $621 million, respectively.", "Fees earned for technology and risk management revenue are recorded as services are performed and are generally determined using the value of positions on the Aladdin platform or on a fixed-rate basis.", "For 2017, 2016 and 2016, technology and risk management revenue totaled $677 million, $595 million and $528 million, respectively.", "Adjustments to revenue arising from initial estimates recorded historically have been immaterial since the majority of BlackRock’s investment advisory and administration revenue is calculated based on AUM and since the Company does not record performance fee revenue until performance thresholds have been exceeded and the likelihood of clawback is mathematically improbable.", "Accounting Developments Recent Accounting Pronouncements Not Yet Adopted.", "Revenue from Contracts with Customers.", "In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”).", "ASU 2014-09 outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance.", "The guidance also changes the accounting for certain contract costs and revises the criteria for determining if an entity is acting as a principal or agent in certain arrangements.", "The key changes in the standard that impact the Company’s revenue recognition relate to the presentation of certain revenue contracts and associated contract costs.", "The most significant of these changes relates to the presentation of certain distribution costs, which are currently presented net against revenues (contra-revenue) and will be presented as an expense on a gross basis.", "The Company adopted ASU 2014-09 effective January 1, 2018 on a full retrospective basis, which will require 2016 and 2017 to be restated in future filings.", "The cumulative effect adjustment to the 2016 opening retained earnings was not material.", "The Company currently expects the net gross up to revenue to be approximately $1 billion with a corresponding gross up to expense for both 2016 and 2017.", "Consequently, the Company expects its GAAP operating margin to decline upon adoption due to the gross up of revenue.", "However, no material impact is expected on the Company’s as adjusted operating margin.", "For accounting pronouncements that the Company adopted during the year ended December 31, 2017 and for additional recent accounting pronouncements not yet adopted, see Note 2, Significant Accounting Policies, in the consolidated financial statements contained in Part II, Item 8 of this filing.", "Item 7a.", "Quantitative and Qualitative Disclosures about Market Risk AUM Market Price Risk.", "BlackRock’s investment advisory and administration fees are primarily comprised of fees based on a percentage of the value of AUM and, in some cases, performance fees expressed as a percentage of the returns realized on AUM.", "At December 31, 2017, the majority of the Company’s investment advisory and administration fees were based on average or period end AUM of the applicable investment funds or separate accounts.", "Movements in equity market prices, interest rates/credit spreads, foreign exchange rates or all three could cause the value of AUM to decline, which would result in lower investment advisory and administration fees.", "Corporate Investments Portfolio Risks.", "As a leading investment management firm, BlackRock devotes significant resources across all of its operations to identifying, measuring, monitoring, managing and analyzing market and operating risks, including the management and oversight of its own investment portfolio.", "The Board of Directors of the Company has adopted guidelines for the review of investments to be made by the Company, requiring, among other things, that investments be reviewed by certain senior officers of the Company, and that certain investments may be referred to the Audit Committee or the Board of Directors, depending on the circumstances, for approval.", "In the normal course of its business, BlackRock is exposed to equity market price risk, interest rate/credit spread risk and foreign exchange rate risk associated with its corporate investments.", "BlackRock has investments primarily in sponsored investment products that invest in a variety of asset classes, including real assets, private equity and hedge funds.", "Investments generally are made for co-investment purposes, to establish a performance track record, to hedge exposure to certain deferred compensation plans or for regulatory purposes.", "Currently, the Company has a seed capital hedging program in which it enters into swaps to hedge market and interest rate exposure to certain investments.", "At December 31, 2017, the Company had outstanding total return swaps with an aggregate notional value of approximately $587 million.", "At December 31, 2017, there were no outstanding interest rate swaps.", "There are significant costs associated with the Recall Transaction.", "We currently estimate total operating and capital expenditures associated with the Recall Transaction to be approximately $380.0 million, the majority of which is expected to be incurred by the end of 2018.", "This amount consists of approximately $80.0 million of Recall Deal Close Costs and approximately $300.0 million of Recall Integration Costs.", "Of these amounts, approximately $47.1 million was incurred through December 31, 2015 ($24.7 million of Recall Deal Close Costs and $22.4 million of Recall Integration Costs), including approximately $47.0 million of operating expenditures and approximately $0.1 million of capital expenditures.", "Additionally, upon closing of the Recall Transaction we will incur costs associated with (i) the cash components of the purchase price noted above and (ii) the payoff of outstanding borrowings under Recall’s existing revolving credit facility.", "We expect the total cost to close the Recall Transaction (including Recall Deal Close Costs, the cash components of the purchase price and the payoff of Recall’s revolving credit facility, but excluding Recall Integration Costs) to be approximately $1,100.0 million.", "We intend to fund these costs through a combination of cash on hand, borrowings under our Revolving Credit Facility and, as necessary, public or private debt financing.", "Contractual Obligations The following table summarizes our contractual obligations as of December 31, 2015 and the anticipated effect of these obligations on our liquidity in future years (in thousands):"], "table_evidence": [43], "paragraph_evidence": [42], "source": "multihiertt", "original_question_id": "022e22592e354d7c9c9489e9a91ff4e6"}
{"question": "as of february 19 , 2016 what was the market capitalization", "python_solution": "def solution():\n    # Define variables name and value\n    outstanding_shares = 423897556\n    share_price = 87.32\n    \n    # Do math calculation to get the answer\n    answer = outstanding_shares * share_price\n    \n    return answer", "ground_truth": 37014734589.92, "question_id": "simplong-testmini-16", "paragraphs": ["PART II ITEM 5.", "MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES The following table presents reported quarterly high and low per share sale prices of our common stock on the NYSE for the years 2015 and 2014.", "|2015|High|Low|\n|Quarter ended March 31|$101.88|$93.21|\n|Quarter ended June 30|98.64|91.99|\n|Quarter ended September 30|101.54|86.83|\n|Quarter ended December 31|104.12|87.23|\n|2014|High|Low|\n|Quarter ended March 31|$84.90|$78.38|\n|Quarter ended June 30|90.73|80.10|\n|Quarter ended September 30|99.90|89.05|\n|Quarter ended December 31|106.31|90.20|\n", "On February 19, 2016, the closing price of our common stock was $87.32 per share as reported on the NYSE.", "As of February 19, 2016, we had 423,897,556 outstanding shares of common stock and 159 registered holders.", "Dividends As a REIT, we must annually distribute to our stockholders an amount equal to at least 90% of our REIT taxable income (determined before the deduction for distributed earnings and excluding any net capital gain).", "Generally, we have distributed and expect to continue to distribute all or substantially all of our REIT taxable income after taking into consideration our utilization of net operating losses (“NOLs”).", "We have two series of preferred stock outstanding, 5.25% Mandatory Convertible Preferred Stock, Series A, issued in May 2014 (the “Series A Preferred Stock”), with a dividend rate of 5.25%, and the 5.50% Mandatory Convertible Preferred Stock, Series B (the “Series B Preferred Stock”), issued in March 2015, with a dividend rate of 5.50%.", "Dividends are payable quarterly in arrears, subject to declaration by our Board of Directors.", "The amount, timing and frequency of future distributions will be at the sole discretion of our Board of Directors and will be dependent upon various factors, a number of which may be beyond our control, including our financial condition and operating cash flows, the amount required to maintain our qualification for taxation as a REIT and reduce any income and excise taxes that we otherwise would be required to pay, limitations on distributions in our existing and future debt and preferred equity instruments, our ability to utilize NOLs to offset our distribution requirements, limitations on our ability to fund distributions using cash generated through our TRSs and other factors that our Board of Directors may deem relevant.", "We have distributed an aggregate of approximately $2.3 billion to our common stockholders, including the dividend paid in January 2016, primarily subject to taxation as ordinary income.", "During the year ended December 31, 2015, we declared the following cash distributions:", "Our total non-U.", "S.  exposure was $232.6 billion at December 31, 2011, a decrease of $29.4 billion from December 31, 2010.", "Our non-U.", "S.  exposure remained concentrated in Europe which accounted for $115.9 billion, or 50 percent, of total non-U.", "S.  exposure.", "The European exposure was mostly in Western Europe and was distributed across a variety of industries.", "The decrease of $32.2 billion in Europe was primarily driven by our efforts to reduce risk in countries affected by the ongoing debt crisis in the Eurozone.", "Select European countries are further detailed in Table 54.", "Asia Pacific was our second largest non-U.", "S.  exposure at $74.6 billion, or 32 percent.", "The $1.3 billion increase in Asia Pacific was driven by increases in securities and local exposure in Japan and increases in the emerging markets, predominately in local exposure, loans and securities offset by the sale of CCB shares.", "For more information on our CCB investment, see Note 5 – Securities to the Consolidated Financial Statements.", "Latin America accounted for $17.4 billion, or seven percent, of total non-U.", "S.  exposure.", "The $2.6 billion increase in Latin America was primarily driven by an increase in Brazil in securities and local country exposure.", "Middle East and Africa increased $926 million to $4.6 billion, representing two percent of total non-U.", "S.  exposure.", "Other non-U.", "S.  exposure was $20.1 billion at December 31, 2011, a decrease of $2.1 billion in 2011 resulting primarily from a decrease in local exposure as a result of the sale of our Canadian consumer card business.", "For more information on our Asia Pacific and Latin America exposure, see non-U.", "S.  exposure to selected countries defined as emerging markets on page 100.", "Table 52 presents countries where total cross-border exposure exceeded one percent of our total assets.", "At December 31, 2011, the United Kingdom and Japan were the only countries where total cross-border exposure exceeded one percent of our total assets.", "At December 31, 2011, Canada and France had total cross-border exposure of $16.9 billion and $16.1 billion representing 0.79 percent and 0.75 percent of total assets.", "Canada and France were the only other countries that had total cross-border exposure that exceeded 0.75 percent of our total assets at December 31, 2011.", "Exposure includes cross-border claims by our non-U.", "S.  offices including loans, acceptances, time deposits placed, trading account assets, securities, derivative assets, other interest\u0002earning investments and other monetary assets.", "Amounts also include unused commitments, SBLCs, commercial letters of credit and formal guarantees.", "Sector definitions are consistent with FFIEC reporting requirements for preparing the Country Exposure Report.", "|Table 52|Total Cross-border Exposure Exceeding One Percent of Total Assets-1|\n|(Dollars in millions)|December 31|Public Sector|Banks|Private Sector|Cross-borderExposure|Exposure as aPercentage ofTotal Assets|\n|United Kingdom|2011|$6,401|$4,424|$18,056|$28,881|1.36%|\n||2010|101|5,544|32,354|37,999|1.68|\n|Japan-2|2011|4,603|10,383|8,060|23,046|1.08|\n", "(1) Total cross-border exposure for the United Kingdom and Japan included derivatives exposure of $5.9 billion and $3.5 billion at December 31, 2011 and $2.3 billion and $2.8 billion at December 31, 2010 which has been reduced by the amount of cash collateral applied of $9.3 billion and $1.2 billion at December 31, 2011 and $13.0 billion and $1.6 billion at December 31, 2010.", "Derivative assets were collateralized by other marketable securities of $242 million and $1.7 billion at December 31, 2011 and $96 million and $743 million at December 31, 2010.", "(2) At December 31, 2010, total cross-border exposure for Japan was $17.0 billion, representing 0.75 percent of total assets.", "Tables 43 and 44 present commercial real estate credit quality data by non-homebuilder and homebuilder property types.", "The homebuilder portfolio presented in Tables 42, 43 and 44 includes condominiums and other residential real estate.", "Other property types in Tables 42, 43 and 44 primarily include special purpose, nursing/retirement homes, medical facilities and restaurants, as well as unsecured loans to borrowers whose primary business is commercial real estate.", "Table 43 Commercial Real Estate Credit Quality Data", "|Table 43|Commercial Real Estate Credit Quality Data December 31|\n||Nonperforming Loans andForeclosed Properties-1|Utilized ReservableCriticized Exposure-2|\n|(Dollars in millions)|2011|2010|2011|2010|\n|Non-homebuilder|||||\n|Office|$807|$1,061|$2,375|$3,956|\n|Multi-family rental|339|500|1,604|2,940|\n|Shopping centers/retail|561|1,000|1,378|2,837|\n|Industrial/warehouse|521|420|1,317|1,878|\n|Multi-use|345|483|971|1,316|\n|Hotels/motels|173|139|716|1,191|\n|Land and land development|530|820|749|1,420|\n|Other|223|168|997|1,604|\n|Total non-homebuilder|3,499|4,591|10,107|17,142|\n|Homebuilder|993|1,963|1,418|3,376|\n|Total commercial real estate|$4,492|$6,554|$11,525|$20,518|\n", "Table 44 Commercial Real Estate Net Charge-offs and Related Ratios", "|Table 44|Commercial Real Estate Net Charge-offs and Related Ratios|\n||Net Charge-offs|Net Charge-off Ratios-1|\n|(Dollars in millions)|2011|2010|2011|2010|\n|Non-homebuilder|||||\n|Office|$126|$273|1.51%|2.49%|\n|Multi-family rental|36|116|0.52|1.21|\n|Shopping centers/retail|184|318|2.69|3.56|\n|Industrial/warehouse|88|59|1.94|1.07|\n|Multi-use|61|143|1.63|2.92|\n|Hotels/motels|23|45|0.86|1.02|\n|Land and land development|152|377|7.58|13.04|\n|Other|19|220|0.33|3.14|\n|Total non-homebuilder|689|1,551|1.67|2.86|\n|Homebuilder|258|466|8.00|8.26|\n|Total commercial real estate|$947|$2,017|2.13|3.37|\n", "(1) Net charge-off ratios are calculated as net charge-offs divided by average outstanding loans excluding loans accounted for under the fair value option.", "At December 31, 2011, total committed non-homebuilder exposure was $53.1 billion compared to $64.2 billion at December 31, 2010, with the decrease due to exposure reductions in all non-homebuilder property types.", "Non-homebuilder nonperforming loans and foreclosed properties were $3.5 billion and $4.6 billion at December 31, 2011 and 2010, which represented 9.29 percent and 10.08 percent of total non\u0002homebuilder loans and foreclosed properties.", "Non-homebuilder utilized reservable criticized exposure decreased to $10.1 billion, or 25.34 percent of non-homebuilder utilized reservable exposure, at December 31, 2011 compared to $17.1 billion, or 35.55 percent, at December 31, 2010.", "The decrease in reservable criticized exposure was driven primarily by office, shopping centers/retail and multi-family rental property types.", "For the non\u0002homebuilder portfolio, net charge-offs decreased $862 million in 2011 due in part to resolution of criticized assets through payoffs and sales.", "At December 31, 2011, we had committed homebuilder exposure of $3.9 billion compared to $6.0 billion at December 31, 2010, of which $2.4 billion and $4.3 billion were funded secured loans.", "The decline in homebuilder committed exposure was due to repayments, net charge-offs, reductions in new home construction and continued risk mitigation initiatives with market conditions providing fewer origination opportunities to offset the reductions.", "Homebuilder nonperforming loans and foreclosed properties decreased $970 million due to repayments, a decline in the volume of loans being downgraded to nonaccrual status and net charge-offs.", "Homebuilder utilized reservable criticized exposure decreased $2.0 billion to $1.4 billion due to repayments and net charge-offs.", "The nonperforming loans, leases and foreclosed properties and the utilized reservable criticized ratios for the homebuilder portfolio were 38.89 percent and 54.65 percent at December 31, 2011 compared to 42.80 percent and 74.27 percent at December 31, 2010.", "Net charge-offs for the homebuilder portfolio decreased $208 million in 2011.", "Capital Management During 2015, we repurchased approximately $2.4 billion of common stock, with an average price of $16.92 per share, in connection with our 2015 Comprehensive Capital Analysis and Review (CCAR) capital plan, which included a request to repurchase $4.0 billion of common stock over five quarters beginning in the second quarter of 2015, and to maintain the quarterly common stock dividend at the current rate of $0.05 per share.", "Based on the conditional non-objection we received from the Federal Reserve on our 2015 CCAR submission, we were required to resubmit our CCAR capital plan by September 30, 2015 and address certain weaknesses the Federal Reserve identified in our capital planning process.", "We have established plans and taken actions which addressed the identified weaknesses, and we resubmitted our CCAR capital plan on September 30, 2015.", "The Federal Reserve announced that it did not object to our resubmitted CCAR capital plan on December 10, 2015.", "As an Advanced approaches institution, under Basel 3, we were required to complete a qualification period (parallel run) to demonstrate compliance with the Basel 3 Advanced approaches capital framework to the satisfaction of U. S.  banking regulators.", "We received approval to begin using the Advanced approaches capital framework to determine risk-based capital requirements beginning in the fourth quarter of 2015.", "As previously disclosed, with the approval to exit parallel run, U. S.  banking regulators requested modifications to certain internal analytical models including the wholesale (e. g. , commercial) credit models.", "All requested modifications were incorporated, which increased our risk-weighted assets, and are reflected in the risk-based ratios in the fourth quarter of 2015.", "Having exited parallel run on October 1, 2015, we are required to report regulatory risk-based capital ratios and risk-weighted assets under both the Standardized and Advanced approaches.", "The approach that yields the lower ratio is used to assess capital adequacy including under the Prompt Corrective Action (PCA) framework and was the Advanced approaches in the fourth quarter of 2015.", "For additional information, see Capital Management on page 51.", "Trust Preferred Securities On December 29, 2015, the Corporation provided notice of the redemption on January 29, 2016 of all trust preferred securities of Merrill Lynch Preferred Capital Trust III, Merrill Lynch Preferred Capital Trust IV and Merrill Lynch Preferred Capital Trust V (the Trust Preferred Securities).", "In connection with the Corporation’s acquisition of Merrill Lynch & Co. , Inc.  in 2009, the Corporation recorded a discount to par value as purchase accounting adjustments associated with the Trust Preferred Securities.", "The Corporation recorded a $612 million charge to net interest income related to the discount on these securities.", "New Accounting Guidance on Recognition and Measurement of Financial Instruments In January 2016, the Financial Accounting Standards Board (FASB) issued new accounting guidance on recognition and measurement of financial instruments.", "The Corporation has early adopted, retrospective to January 1, 2015, the provision that requires the Corporation to present unrealized gains and losses resulting from changes in the Corporation’s own credit spreads on liabilities accounted for under the fair value option (referred to as debit valuation adjustments, or DVA) in accumulated other comprehensive income (OCI).", "The impact of the adoption was to reclassify, as of January 1, 2015, unrealized DVA losses of $2.0 billion pretax ($1.2 billion after tax) from retained earnings to accumulated OCI.", "Further, pretax unrealized DVA gains of $301 million, $301 million and $420 million were reclassified from other income to accumulated OCI for the third, second and first quarters of 2015, respectively.", "This had the effect of reducing net income as previously reported for the aforementioned quarters by $187 million, $186 million and $260 million, or approximately $0.02 per share in each quarter.", "This change is reflected in consolidated results and the Global Markets segment results.", "Results for 2014 were not subject to restatement under the provisions of the new accounting guidance.", "Selected Financial Data Table 1 provides selected consolidated financial data for 2015 and 2014."], "table_evidence": [-1], "paragraph_evidence": [3, 4], "source": "multihiertt", "original_question_id": "9e8eb2e5a768431c99abaef9de32a4ec"}
{"question": "What is the ratio of Greater than twelve to twenty-four months for Carrying amount of Private to the total in 2009?", "python_solution": "def solution():\n    # Define variables name and value\n    private_carrying_amount_greater_than_twelve_to_twenty_four_months = 365.6\n    total_private_carrying_amount = 922.4\n    \n    # Do math calculation to get the answer\n    answer = (private_carrying_amount_greater_than_twelve_to_twenty_four_months / total_private_carrying_amount) * 100\n    \n    return answer", "ground_truth": 39.6357328707719, "question_id": "simplong-testmini-17", "paragraphs": ["During 2010, we granted 3.8 million RSUs and 1.1 million Employee SARs.", "See Footnote No.4, “Share-Based Compensation,” of the Notes to our Financial Statements for additional information.", "NEW ACCOUNTING STANDARDS See Footnote No.1, “Summary of Significant Accounting Policies,” of the Notes to our Financial Statements for information related to our adoption of new accounting standards in 2010 and for information on our anticipated adoption of recently issued accounting standards.", "LIQUIDITY AND CAPITAL RESOURCES Cash Requirements and Our Credit Facilities Our Credit Facility, which expires on May 14, 2012, and associated letters of credit, provide for $2.4 billion of aggregate effective borrowings.", "Borrowings under the Credit Facility bear interest at the London Interbank Offered Rate (LIBOR) plus a fixed spread based on the credit ratings for our public debt.", "We also pay quarterly fees on the Credit Facility at a rate based on our public debt rating.", "For additional information on our Credit Facility, including participating financial institutions, see Exhibit 10, “Amended and Restated Credit Agreement,” to our Current Report on Form 8-K filed with the SEC on May 16, 2007.", "Although our Credit Facility does not expire until 2012, we expect that we may extend or replace it during 2011.", "The Credit Facility contains certain covenants, including a single financial covenant that limits our maximum leverage (consisting of Adjusted Total Debt to Consolidated EBITDA, each as defined in the Credit Facility) to not more than 4 to 1.", "Our outstanding public debt does not contain a corresponding financial covenant or a requirement that we maintain certain financial ratios.", "We currently satisfy the covenants in our Credit Facility and public debt instruments, including the leverage covenant under the Credit Facility, and do not expect the covenants to restrict our ability to meet our anticipated borrowing and guarantee levels or increase those levels should we need to do so in the future.", "We believe the Credit Facility, together with cash we expect to generate from operations and our ability to raise capital, remains adequate to meet our short-term and long-term liquidity requirements, finance our long-term growth plans, meet debt service, and fulfill other cash requirements.", "At year-end 2010, our available borrowing capacity amounted to $2.831 billion and reflected borrowing capacity of $2.326 billion under our Credit Facility and our cash balance of $505 million.", "We calculate that borrowing capacity by taking $2.404 billion of effective aggregate bank commitments under our Credit Facility and subtracting $78 million of outstanding letters of credit under our Credit Facility.", "During 2010, we repaid our outstanding Credit Facility borrowings and had no outstanding balance at year-end.", "As noted in the previous paragraphs, we anticipate that this available capacity will be adequate to fund our liquidity needs.", "Since we continue to have ample flexibility under the Credit Facility’s covenants, we also expect that undrawn bank commitments under the Credit Facility will remain available to us even if business conditions were to deteriorate markedly.", "Cash from Operations Cash from operations, depreciation expense, and amortization expense for the last three fiscal years are as follows:", "|($ in millions)|2010|2009|2008|\n|Cash from operations|$1,151|$868|$641|\n|Depreciation expense|138|151|155|\n|Amortization expense|40|34|35|\n", "Our ratio of current assets to current liabilities was roughly 1.4 to 1.0 at year-end 2010 and 1.2 to 1.0 at year-end 2009.", "We minimize working capital through cash management, strict credit-granting policies, and aggressive collection efforts.", "We also have significant borrowing capacity under our Credit Facility should we need additional working capital.", "Principal Financial Group, Inc.  Notes to Consolidated Financial Statements — (continued) 4.", "Variable Interest Entities — (continued) the credit-linked note if cumulative losses exceeded the subordination of a synthetic reference portfolio.", "As of December 31, 2008, the credit default swap entered into by the trust had an outstanding notional amount of $130.0 million.", "The credit default swap counterparties of the grantor trusts had no recourse to our assets.", "In October 2009, the grantor trust was terminated and we received $122.2 million in cash.", "We determined that this grantor trust was a VIE and that we were the primary beneficiary of the trust as we were the sole investor in the trust and the manager of the synthetic reference portfolios.", "Upon consolidation of the trust, as of December 31, 2008, our consolidated statements of financial position included $93.5 million of available-for-sale fixed maturity securities, which represented the collateral held by the trust.", "The assets of the trust were held by a trustee and could only be liquidated to settle obligations of the trust.", "These obligations included losses on the synthetic reference portfolio and the return of investments due to maturity or termination of the trust.", "As of December 31, 2008, our consolidated statements of financial position included $53.4 million of other liabilities representing derivative market values of the trust.", "During the year December 31, 2008 and 2007, the credit default swaps had a change in fair value that resulted in a $54.5 million pre-tax loss and $3.2 million pre-tax loss, respectively.", "During the year ended December 31, 2009, we recognized a pre-tax gain of $49.8 million related to the change in fair value and termination of the credit default swaps.", "Grantor Trusts.", "We contributed undated subordinated floating rate notes to three grantor trusts.", "The trusts separated the cash flows of the underlying $425.9 million par value notes by issuing an interest-only certificate and a residual certificate related to each note contributed.", "Each interest-only certificate entitles the holder to interest on the stated note for a specified term while the residual certificate entitles the holder to interest payments subsequent to the term of the interest-only certificate and to all principal payments.", "We retained the interest-only certificate and the residual certificates were subsequently sold to a third party.", "We have determined that these grantor trusts are VIEs as our interest-only certificates are exposed to the majority of the risk of loss due to interest rate risk.", "The restricted interest periods end between 2016 and 2020 and, at that time, the residual certificate holders’ certificates are redeemed by the trust in return for the notes.", "We have determined that it will be necessary for us to consolidate these entities until the expiration of the interest-only period.", "As of December 31, 2009 and 2008, our consolidated statements of financial position include $226.6 million and $212.2 million, respectively, of undated subordinated floating rate notes of the grantor trusts, which are classified as available-for-sale fixed maturity securities and represent the collateral held by the trust.", "The obligation to deliver the underlying securities to the residual certificate holders of $89.1 million and $103.8 million as of December 31, 2009 and 2008, respectively, is classified as an other liability and contains an embedded derivative of the forecasted transaction to deliver the underlying securities.", "The creditors of the grantor trusts have no recourse to our assets.", "Other.", "In addition to the entities above, we have a number of relationships with a disparate group of entities, which meet the criteria for VIEs.", "Due to the nature of our direct investment in the equity and/or debt of these VIEs, we are the primary beneficiary of such entities, which requires us to consolidate them.", "These entities include five private investment vehicles and several hedge funds.", "The consolidation of these VIEs did not have a material effect on either our consolidated statements of financial position as of December 31, 2009 or 2008, or results of operations for the years ended December 31, 2009, 2008 and 2007.", "For these entities, the creditors have no recourse to our assets.", "The carrying amount and classification of other consolidated VIE assets that are pledged as collateral that the VIEs have designated for their other obligations and the debt of the VIEs are as follows:", "| | December 31,|\n| | 2009| 2008|\n| |(in millions) |\n|Fixed maturity securities, available-for-sale|$59.2|$103.8|\n|Fixed maturity securities, trading|19.8|17.2|\n|Equity securities, trading|90.9|30.7|\n|Cash and other assets|119.8|140.8|\n|Total assets pledged as collateral|$289.7|$292.5|\n|Long-term debt and other obligations|$178.9|$248.6|\n", "The assets of the trusts are held by a trustee and can only be liquidated to settle obligations of the trusts.", "These obligations primarily include unrealized losses on derivatives, the synthetic reference portfolios or financial guarantees and the return of investments due to maturity or termination of the trusts.", "As of December 31, 2009 and 2008, these", "Principal Financial Group, Inc.  Notes to Consolidated Financial Statements — (continued) 5.", "Investments — (continued) Each reporting period, all securities are reviewed to determine whether an other-than-temporary decline in value exists and whether losses should be recognized.", "We consider relevant facts and circumstances in evaluating whether a credit or interest rate-related impairment of a security is other than temporary.", "Relevant facts and circumstances considered include: (1) the extent and length of time the fair value has been below cost; (2) the reasons for the decline in value; (3) the financial position and access to capital of the issuer, including the current and future impact of any specific events and (4) for fixed maturity securities, our intent to sell a security or whether it is more likely than not we will be required to sell the security before the recovery of its amortized cost which, in some cases, may extend to maturity and for equity securities, our ability and intent to hold the security for a period of time that allows for the recovery in value.", "Prior to 2009, our ability and intent to hold fixed maturity securities for a period of time that allowed for a recovery in value was considered rather than our intent to sell these securities.", "To the extent we determine that a security is deemed to be other than temporarily impaired, an impairment loss is recognized.", "Impairment losses on equity securities are recognized in net income and are measured as the difference between amortized cost and fair value.", "The way in which impairment losses on fixed maturity securities are now recognized in the financial statements is dependent on the facts and circumstances related to the specific security.", "If we intend to sell a security or it is more likely than not that we would be required to sell a security before the recovery of its amortized cost, less any current period credit loss, we recognize an other-than-temporary impairment in net income for the difference between amortized cost and fair value.", "If we do not expect to recover the amortized cost basis, we do not plan to sell the security and if it is not more likely than not that we would be required to sell a security before the recovery of its amortized cost, less any current period credit loss, the recognition of the other-than-temporary impairment is bifurcated.", "We recognize the credit loss portion in net income and the noncredit loss portion in OCI.", "Prior to 2009, other-than-temporary impairments on fixed maturity securities were recorded in net income in their entirety and the amount recognized was the difference between amortized cost and fair value.", "We estimate the amount of the credit loss component of a fixed maturity security impairment as the difference between amortized cost and the present value of the expected cash flows of the security.", "The present value is determined using the best estimate cash flows discounted at the effective interest rate implicit to the security at the date of purchase or the current yield to accrete an asset-backed or floating rate security.", "The methodology and assumptions for establishing the best estimate cash flows vary depending on the type of security.", "The asset-backed securities cash flow estimates are based on bond specific facts and circumstances that may include collateral characteristics, expectations of delinquency and default rates, loss severity and prepayment speeds and structural support, including subordination and guarantees.", "The corporate bond cash flow estimates are derived from scenario-based outcomes of expected corporate restructurings or liquidations using bond specific facts and circumstances including timing, security interests and loss severity.", "Total other-than-temporary impairment losses, net of recoveries from the sale of previously impaired securities, were as follows:", "||For the year ended December 31,|\n||2009|2008|2007|\n||(in millions)|\n|Fixed maturities, available-for-sale|$-693.6|$-432.0|$-262.8|\n|Equity securities, available-for-sale|-20.5|-47.3|-51.3|\n|Total other-than-temporary impairment losses, net of recoveries from the sale of previously impaired securities|$-714.1|$-479.3|$-314.1|\n", "Principal Financial Group, Inc.  Notes to Consolidated Financial Statements — (continued) 10.", "Debt — (continued) Long-Term Debt The components of long-term debt as of December 31, 2009 and 2008, were as follows:", "| | December 31,|\n| | 2009| 2008|\n| |(in millions) |\n|8.2% notes payable, due 2009|$—|$454.9|\n|3.31% notes payable, due 2011|61.2|49.9|\n|3.63% notes payable, due 2011|31.4|25.6|\n|7.875% notes payable, due 2014|400.0|—|\n|8.875% notes payable, due 2019|350.0|—|\n|6.05% notes payable, due 2036|601.8|601.8|\n|8% surplus notes payable, due 2044|99.2|99.2|\n|Non-recourse mortgages and notes payable|40.6|58.7|\n|Other mortgages and notes payable|0.4|0.4|\n|Total long-term debt|$1,584.6|$1,290.5|\n", "The amounts included above are net of the discount and premium associated with issuing these notes, which are being amortized to expense over their respective terms using the interest method.", "On May 18, 2009, we issued $750.0 million of senior notes.", "We issued a $400.0 million series of notes that bear interest at 7.875% and will mature on May 15, 2014, and a $350.0 million series of notes that bear interest at 8.875% and will mature on May 15, 2019.", "Interest on the notes is payable semi-annually on May 15 and November 15 each year, beginning on November 15, 2009.", "The proceeds were primarily used to refinance $440.9 million of notes that matured on August 15, 2009, with the remaining proceeds being used for general corporate purposes.", "On October 16 and December 5, 2006, we issued $500.0 million and $100.0 million, respectively, of senior notes.", "The notes bear interest at a rate of 6.05% per year.", "Interest on the notes is payable semi-annually on April 15 and October 15 each year and began on April 15, 2007.", "The notes will mature on October 15, 2036.", "A portion of the proceeds were used to fund the 2006 acquisition of WM Advisors, Inc. , with the remaining proceeds being used for general corporate purposes.", "On November 3, 2005, Principal International de Chile S. A. , a wholly owned indirect subsidiary, entered into long-term borrowing agreements with two Chilean banks in the amount of US $93.9 million.", "This debt is denominated in Unidades de Formento (‘‘UF’’), a Chilean inflation-indexed, peso-denominated monetary unit.", "Of this amount, US $49.0 million of UF +3.31% notes, which was refinanced from +4.59% during 2007, and US $44.9 million of UF +3.63% notes, which was refinanced from +4.93% in 2007, mature on November 3, 2011.", "Interest on the notes is payable semi-annually on May 3 and November 3 each year.", "The debt outstanding and interest expense will vary due to fluctuations in the Chilean peso to US dollar exchange rates and Chilean inflation.", "On August 25, 1999, Principal Financial Group (Australia) Holdings Pty.", "Limited, a wholly owned indirect subsidiary, issued $665.0 million of unsecured redeemable long-term debt.", "Principal Financial Group (Australia) Holdings Pty.", "Limited used the net proceeds from the notes to partially fund the purchase of the outstanding stock of several companies affiliated with Bankers Trust Australia Group.", "On December 28, 2001, all of the long-term debt obligations of Principal Financial Group (Australia) Holdings Pty.", "Limited were assumed by its parent, Principal Financial Services, Inc.  Of the original amount issued, $200.0 million of 7.95% notes matured on August 15, 2004, with the remaining $465.0 million in 8.2% notes maturing on August 15, 2009.", "The note was paid in full during 2009.", "On March 10, 1994, Principal Life issued $100.0 million of surplus notes due March 1, 2044, at an 8% annual interest rate.", "None of our affiliates hold any portion of the notes.", "Each payment of interest and principal on the notes, however, may be made only with the prior approval of the Commissioner of Insurance of the State of Iowa (the ‘‘Commissioner’’) and only to the extent that Principal Life has sufficient surplus earnings to make such payments.", "Interest of $8.0 million for each of the years ended December 31, 2009, 2008 and 2007 was approved by the Commissioner, and charged to expense.", "Subject to Commissioner approval, the notes due March 1, 2044, may be redeemed at Principal Life’s election on or after March 1, 2014, in whole or in part at a redemption price of approximately 102.3% of par.", "The approximate 2.3% premium is scheduled to gradually diminish over the following ten years.", "These notes may be redeemed on or after March 1, 2024, at a redemption price of 100% of the principal amount plus interest accrued to the date of redemption.", "The non-recourse mortgages, other mortgages and notes payable are primarily financings for real estate developments.", "Outstanding principal balances as of December 31, 2009, ranged from $5.9 million to $9.1 million per", "| | December 31, 2008|\n| | Public| Private| Total|\n| | Carrying amount| Gross unrealized losses| Carrying amount| Gross unrealized losses| Carrying amount| Gross unrealized losses|\n| |(in millions) |\n|Three months or less|$3,086.0|$194.4|$1,188.1|$99.5|$4,274.1|$293.9|\n|Greater than three to six months|4,213.7|467.9|1,673.6|236.4|5,887.3|704.3|\n|Greater than six to nine months|3,014.0|620.7|1,566.6|290.6|4,580.6|911.3|\n|Greater than nine to twelve months|2,321.0|743.0|1,259.7|460.1|3,580.7|1,203.1|\n|Greater than twelve to twenty-four months|3,042.0|1,507.5|2,217.1|1,519.7|5,259.1|3,027.2|\n|Greater than twenty-four to thirty-six months|1,045.2|296.1|312.5|217.1|1,357.7|513.2|\n|Greater than thirty-six months|1,363.8|423.5|698.2|265.8|2,062.0|689.3|\n|Total fixed maturity securities, available-for-sale|$18,085.7|$4,253.1|$8,915.8|$3,089.2|$27,001.5|$7,342.3|\n", "The following tables present the carrying amount and the gross unrealized losses, including other-than-temporary impairment losses reported in OCI, on below investment grade fixed maturity securities available-for-sale by aging category for the time periods indicated.", "| | December 31, 2009|\n| | Public| Private| Total|\n| | Carrying amount| Gross unrealized losses| Carrying amount| Gross unrealized losses| Carrying amount| Gross unrealized losses|\n| |(in millions) |\n|Three months or less|$55.7|$3.3|$52.8|$1.2|$108.5|$4.5|\n|Greater than three to six months|3.4|—|14.8|—|18.2|—|\n|Greater than six to nine months|12.7|0.2|0.1|0.1|12.8|0.3|\n|Greater than nine to twelve months|32.8|11.2|1.0|1.8|33.8|13.0|\n|Greater than twelve to twenty-four months|441.3|112.2|365.6|186.7|806.9|298.9|\n|Greater than twenty-four to thirty-six months|609.0|314.8|403.5|435.8|1,012.5|750.6|\n|Greater than thirty-six months|113.8|26.8|84.6|76.6|198.4|103.4|\n|Total fixed maturity securities, available-for-sale|$1,268.7|$468.5|$922.4|$702.2|$2,191.1|$1,170.7|\n", "December 31, 2008", "| | December 31, 2008|\n| | Public| Private| Total|\n| | Carrying amount| Gross unrealized losses| Carrying amount| Gross unrealized losses| Carrying amount| Gross unrealized losses|\n| |(in millions) |\n|Three months or less|$133.1|$56.5|$114.6|$32.1|$247.7|$88.6|\n|Greater than three to six months|88.8|12.7|297.1|74.3|385.9|87.0|\n|Greater than six to nine months|102.5|42.9|129.1|46.5|231.6|89.4|\n|Greater than nine to twelve months|163.0|65.9|44.5|43.7|207.5|109.6|\n|Greater than twelve to twenty-four months|242.0|151.7|351.8|239.5|593.8|391.2|\n|Greater than twenty-four to thirty-six months|41.2|26.1|13.3|21.4|54.5|47.5|\n|Greater than thirty-six months|100.3|29.7|100.9|30.3|201.2|60.0|\n|Total fixed maturity securities, available-for-sale|$870.9|$385.5|$1,051.3|$487.8|$1,922.2|$873.3|\n", "The following tables present the carrying amount and the gross unrealized losses, including other-than-temporary impairment losses reported in OCI, on fixed maturity securities available-for-sale where the estimated fair value has declined and remained below amortized cost by 20% or more as the time periods indicate."], "table_evidence": [111], "paragraph_evidence": [110], "source": "multihiertt", "original_question_id": "a45eae0985df4a328a05aa1baae2ad51"}
{"question": "In the year with lowest amount of Service cost, what's the increasing rate of Interest cost for Pension Benefits? (in %)", "python_solution": "def solution():\n    # Define variables name and value\n    interest_cost_2015 = 242\n    interest_cost_2014 = 253\n\n    # Do math calculation to get the answer\n    difference = interest_cost_2015 - interest_cost_2014\n    increasing_rate = (difference / interest_cost_2014) * 100\n    \n    return increasing_rate", "ground_truth": -4.3478260869565215, "question_id": "simplong-testmini-18", "paragraphs": ["The funded status of the Company's plans as of December 31, 2015 and 2014, was as follows", "||Pension Benefits December 31|Other Benefits December 31|\n|($ in millions)|2015|2014|2015|2014|\n|Change in Benefit Obligation|||||\n|Benefit obligation at beginning of year|$5,671|$4,730|$650|$616|\n|Service cost|150|136|13|13|\n|Interest cost|242|253|27|30|\n|Plan participants' contributions|11|26|6|7|\n|Actuarial loss (gain)|-254|714|-91|24|\n|Benefits paid|-185|-168|-39|-40|\n|Curtailments|—|-20|—|—|\n|Benefit obligation at end of year|5,635|5,671|566|650|\n|Change in Plan Assets|||||\n|Fair value of plan assets at beginning of year|4,731|4,310|—|—|\n|Actual return on plan assets|-47|437|—|—|\n|Employer contributions|103|126|33|33|\n|Plan participants' contributions|11|26|6|7|\n|Benefits paid|-185|-168|-39|-40|\n|Fair value of plan assets at end of year|4,613|4,731|—|—|\n|Funded status|$-1,022|$-940|$-566|$-650|\n|Amounts Recognized in the Consolidated Statements of Financial Position:|||||\n|Pension plan assets|$—|$17|$—|$—|\n|Current liability-1|-21|-18|-143|-143|\n|Non-current liability-2|-1,001|-939|-423|-507|\n|Accumulated other comprehensive loss (income) (pre-tax) related to:|||||\n|Prior service costs (credits)|86|105|-105|-125|\n|Net actuarial loss (gain)|1,433|1,374|-21|73|\n", "(1) Included in other current liabilities and current portion of postretirement plan liabilities, respectively.", "(2) Included in pension plan liabilities and other postretirement plan liabilities, respectively.", "The Projected Benefit Obligation (\"PBO\"), Accumulated Benefit Obligation (\"ABO\"), and asset values for the Company's qualified pension plans were $5,490 million, $5,146 million, and $4,613 million, respectively, as of December 31, 2015, and $5,529 million, $5,124 million, and $4,731 million, respectively, as of December 31, 2014.", "The PBO represents the present value of pension benefits earned through the end of the year, with allowance for future salary increases.", "The ABO is similar to the PBO, but does not provide for future salary increases.", "The PBO and fair value of plan assets for all qualified and non-qualified pension plans with PBOs in excess of plan assets were $5,635 million and $4,613 million, respectively, as of December 31, 2015, and $4,394 million and $3,438 million, respectively, as of December 31, 2014.", "The ABO and fair value of plan assets for all qualified and non-qualified pension plans with ABOs in excess of plan assets were $4,051 million and $3,391 million, respectively, as of December 31, 2015, and $3,981 million and $3,438 million, respectively, as of December 31, 2014.", "The ABO for all pension plans was $5,273 million and $5,244 million as of December 31, 2015 and 2014, respectively.", "The changes in amounts recorded in accumulated other comprehensive income (loss) were as follows:", "FAS/CAS Adjustment The FAS/CAS Adjustment represents the difference between our pension and postretirement plan expense under FAS and under CAS.", "||Year Ended December 31|2015 over 2014|2014 over 2013|\n|($ in millions)|2015|2014|2013|Dollars|Percent|Dollars|Percent|\n|FAS expense|$-168|$-155|$-257|$-13|-8%|$102|40%|\n|CAS cost|272|227|196|45|20%|31|16%|\n|FAS/CAS Adjustment|$104|$72|$-61|$32|44%|$133|218%|\n", "2015 - The FAS/CAS Adjustment in 2015 was a net benefit of $104 million, compared to a net benefit of $72 million in 2014.", "The favorable change was driven by the phase-in of Harmonization and better than expected 2014 asset returns, partially offset by higher FAS expense primarily due to lower discount rates at the end of 2014.2014 - The FAS/CAS Adjustment in 2014 was a net benefit of $72 million, compared to a net expense of $61 million in 2013.", "The favorable change was driven by lower FAS expense, due primarily to higher discount rates and plan assets at the end of 2013, the full year effect of the 2013 postretirement benefits amendment, and the phase-in of Harmonization.", "We expect the FAS/CAS Adjustment in 2016 to be a net benefit of approximately $137 million ($161 million FAS and $298 million CAS), primarily driven by the continued phase-in of Harmonization and higher FAS discount rates, partially offset by lower than expected 2015 asset returns.", "The expected FAS/CAS Adjustment is subject to change during 2016, when we remeasure our actuarial estimate of the unfunded benefit obligation for CAS with updated census data and other items.", "Deferred State Income Taxes Deferred state income taxes reflect the change in deferred state tax assets and liabilities in the relevant period.", "These amounts are recorded within operating income, while the current period state income tax expense is charged to contract costs and included in cost of sales and service revenues in segment operating income.2015 - The deferred state income tax expense remained constant at $2 million in 2015 and 2014.", "Deferred state tax expense in 2015 was primarily attributable to changes in the timing of contract taxable income and pension related adjustments, partially offset by a reduction in the valuation allowance for state tax credit carryforwards.2014 - The deferred state income tax expense in 2014 was $2 million, compared to a benefit of $6 million in 2013.", "This change was primarily attributable to non-recurring adjustments related to establishing a valuation allowance for a state tax loss carryforward and the true-up of 2013 deferred taxes.", "These increases were partially offset by changes in the timing of contract taxable income and reserves that are not currently deductible for tax purposes.", "Interest Expense 2015 - Interest expense in 2015 was $137 million, compared to $149 million in 2014.", "The decrease was primarily a result of refinancing 6.875% senior notes with 5.000% senior notes and repayment in full of the term loans, partially offset by loss on early extinguishment of debt.", "See Note 14: Debt in Item 8.2014 - Interest expense in 2014 was $149 million, compared to $118 million in 2013.", "The increase was primarily a result of a loss on the early extinguishment of debt in the fourth quarter of 2014.", "See Note 14: Debt in Item 8.", "Federal Income Taxes 2015 - Our effective tax rate on earnings from continuing operations was 36.1% in 2015, compared to 33.3% in 2014.", "The increase in our effective tax rate for 2015 was primarily attributable to adjustments to the domestic manufacturing deduction and an increase in the goodwill impairment that is not amortizable for tax purposes.", "Advance Payments and Billings in Excess of Revenues - Payments received in excess of inventoried costs and revenues are recorded as advance payment liabilities.", "Property, Plant, and Equipment - Depreciable properties owned by the Company are recorded at cost and depreciated over the estimated useful lives of individual assets.", "Major improvements are capitalized while expenditures for maintenance, repairs, and minor improvements are expensed.", "Costs incurred for computer software developed or obtained for internal use are capitalized and amortized over the expected useful life of the software, not to exceed nine years.", "Leasehold improvements are amortized over the shorter of their useful lives or the term of the lease.", "The remaining assets are depreciated using the straight-line method, with the following lives:", "||Years|\n|Land improvements|3|-|40|\n|Buildings and improvements|3|-|60|\n|Capitalized software costs|3|-|9|\n|Machinery and other equipment|2|-|45|\n", "The Company evaluates the recoverability of its property, plant, and equipment when there are changes in economic circumstances or business objectives that indicate the carrying value may not be recoverable.", "The Company's evaluations include estimated future cash flows, profitability, and other factors affecting fair value.", "As these assumptions and estimates may change over time, it may or may not be necessary to record impairment charges.", "Leases - The Company uses its incremental borrowing rate in the assessment of lease classification as capital or operating and defines the initial lease term to include renewal options determined to be reasonably assured.", "The Company conducts operations primarily under operating leases.", "Many of the Company's real property lease agreements contain incentives for tenant improvements, rent holidays, or rent escalation clauses.", "For incentives for tenant improvements, the Company records a deferred rent liability and amortizes the deferred rent over the term of the lease as a reduction to rent expense.", "For rent holidays and rent escalation clauses during the lease term, the Company records minimum rental expenses on a straight-line basis over the term of the lease.", "For purposes of recognizing lease incentives, the Company uses the date of initial possession as the commencement date, which is generally the date on which the Company is given the right of access to the space and begins to make improvements in preparation for the intended use.", "Goodwill and Other Intangible Assets - The Company performs impairment tests for goodwill as of November 30 of each year and between annual impairment tests if evidence of potential impairment exists, by first comparing the carrying value of net assets to the fair value of the related operations.", "If the fair value is determined to be less than the carrying value, a second step is performed to determine if goodwill is impaired, by comparing the estimated fair value of goodwill to its carrying value.", "Purchased intangible assets are amortized on a straight-line basis or a method based on the pattern of benefits over their estimated useful lives, and the carrying value of these assets is reviewed for impairment when events indicate that a potential impairment may have occurred.", "Equity Method Investments - Investments in which the Company has the ability to exercise significant influence over the investee but does not own a majority interest or otherwise control are accounted for under the equity method of accounting and included in other assets in its consolidated statements of financial position.", "The Company's equity investments align strategically and are integrated with the Company's operations, and therefore the Company's share of the net earnings or losses of the investee is included in operating income (loss).", "The Company evaluates its equity investments for other than temporary impairment whenever events or changes in business circumstances indicate that the carrying amounts of such investments may not be fully recoverable.", "If a decline in the value of an equity method investment is determined to be other than temporary, a loss is recorded in earnings in the current period.", "Self-Insured Group Medical Insurance - The Company maintains a self-insured group medical insurance plan.", "The plan is designed to provide a specified level of coverage for employees and their dependents.", "Estimated liabilities"], "table_evidence": [1], "paragraph_evidence": [0], "source": "multihiertt", "original_question_id": "e9fa52d8275443bf83a538944ebefaf2"}
{"question": "What's the sum of Operating profit of 2012, and Net income of Year Ended December 31, 2002 3,4 is ?", "python_solution": "def solution():\n    # Define variables name and value\n    operating_profit_2012 = 1083.0\n    net_income_2002 = 3050.0\n    \n    # Do math calculation to get the answer\n    answer = operating_profit_2012 + net_income_2002\n    \n    return answer", "ground_truth": 4133.0, "question_id": "simplong-testmini-19", "paragraphs": ["ITEM 6.", "SELECTED FINANCIAL DATA The Coca-Cola Company and Subsidiaries", "| |Compound Growth Rates |Year Ended December 31,|\n|(In millions except per share data, ratios and growth rates) |5 Years |10 Years |2003 2|2002 3,4|\n| SUMMARY OF OPERATIONS|||||\n|Net operating revenues|5.2 %|5.3%|$ 21,044|$ 19,564|\n|Cost of goods sold|6.9 %|4.2%|7,762|7,105|\n|Gross profit|4.3 %|6.1%|13,282|12,459|\n|Selling, general and administrative expenses|5.6 %|5.9%|7,488|7,001|\n|Other operating charges|||573|—|\n|Operating income|1.0 %|5.4%|5,221|5,458|\n|Interest income|||176|209|\n|Interest expense|||178|199|\n|Equity income (loss)—net|||406|384|\n|Other income (loss)—net|||-138|-353|\n|Gains on issuances of stock by equity investees|||8|—|\n|Income before income taxes and changes in accounting principles|1.1 %|5.6%|5,495|5,499|\n|Income taxes|-7.2%|1.4%|1,148|1,523|\n|Net income before changes in accounting principles|4.2 %|7.1%|$ 4,347|$ 3,976|\n|Net income|4.2 %|7.2%|$ 4,347|$ 3,050|\n|Average shares outstanding|||2,459|2,478|\n|Average shares outstanding assuming dilution|||2,462|2,483|\n| PER SHARE DATA|||||\n|Income before changes in accounting principles—basic|4.4 %|7.7%|$ 1.77|$ 1.60|\n|Income before changes in accounting principles—diluted|4.5 %|7.9%|1.77|1.60|\n|Basic net income|4.4 %|7.7%|1.77|1.23|\n|Diluted net income|4.5 %|7.9%|1.77|1.23|\n|Cash dividends|8.0 %|10.0%|0.88|0.80|\n|Market price on December 31,|-5.4%|8.6%|50.75|43.84|\n| TOTAL MARKET VALUE OF COMMON STOCK1|-5.6%|7.9%|$ 123,908|$ 108,328|\n| BALANCE SHEET AND OTHER DATA|||||\n|Cash, cash equivalents and current marketable securities|||$ 3,482|$ 2,345|\n|Property, plant and equipment—net|||6,097|5,911|\n|Depreciation|||667|614|\n|Capital expenditures|||812|851|\n|Total assets|||27,342|24,406|\n|Long-term debt|||2,517|2,701|\n|Total debt|||5,423|5,356|\n|Share-owners' equity|||14,090|11,800|\n|Total capital1|||19,513|17,156|\n| OTHER KEY FINANCIAL MEASURES1|||||\n|Total debt-to-total capital|||27.8%|31.2%|\n|Net debt-to-net capital|||12.1%|20.3%|\n|Return on common equity|||33.6%|34.3%|\n|Return on capital|||24.5%|24.5%|\n|Dividend payout ratio|||49.8%|65.1%|\n|Net cash provided by operations|||$ 5,456|$ 4,742|\n", "1 Refer to Glossary on pages 103 and 104.2 In 2003, we adopted SFAS No.146, ‘‘Accounting for Costs Associated with Exit or Disposal Activities.", "’’ 3 In 2002, we adopted SFAS No.142, ‘‘Goodwill and Other Intangible Assets.", "’’ 4 In 2002, we adopted the fair value method provisions of SFAS No.123, ‘‘Accounting for Stock-Based Compensation,’’ and we adopted SFAS No.148, ‘‘Accounting for Stock-Based Compensation—Transition and Disclosure.", "’’", "NOTES TO CONSOLIDATED FINANCIAL STATEMENTS The Coca-Cola Company and Subsidiaries NOTE 12: NET CHANGE IN OPERATING ASSETS AND LIABILITIES Net cash provided by operating activities attributable to the net change in operating assets and liabilities is composed of the following (in millions):", "||2003|2002|2001|\n|Decrease (increase) in trade accounts receivable|$ 80|$ -83|$ -73|\n|Decrease (increase) in inventories|111|-49|-17|\n|Decrease (increase) in prepaid expenses and other assets|-276|74|-349|\n|Decrease in accounts payable and accrued expenses|-164|-442|-179|\n|Increase in accrued taxes|53|20|247|\n|Increase (decrease) in other liabilities|28|73|-91|\n||$ -168|$ -407|$ -462|\n", "NOTE 13: RESTRICTED STOCK, STOCK OPTIONS AND OTHER STOCK PLANS Prior to 2002, our Company accounted for our stock option plans and restricted stock plans under the recognition and measurement provisions of APB No.25 and related interpretations.", "Effective January 1, 2002, our Company adopted the preferable fair value recognition provisions of SFAS No.123.", "Our Company selected the modified prospective method of adoption described in SFAS No.148.", "Compensation cost recognized in 2002 was the same as that which would have been recognized had the fair value method of SFAS No.123 been applied from its original effective date.", "Refer to Note 1.", "In accordance with the provisions of SFAS No.123 and SFAS No.148, $422 million and $365 million, respectively, were recorded for total stock-based compensation expense in 2003 and 2002.", "Of the $422 million recorded in 2003, $407 million was recorded in selling, general and administrative expenses and $15 million was recorded in other operating charges (refer to Note 17).", "In accordance with APB No.25, total stock-based compensation expense was $41 million for the year ended December 31, 2001.", "Stock Option Plans Under our 1991 Stock Option Plan (the ‘‘1991 Option Plan’’), a maximum of 120 million shares of our common stock was approved to be issued or transferred to certain officers and employees pursuant to stock options and stock appreciation rights granted under the 1991 Option Plan.", "The stock appreciation rights permit the holder, upon surrendering all or part of the related stock option, to receive cash, common stock or a combination thereof, in an amount up to 100 percent of the difference between the market price and the option price.", "Options to purchase common stock under the 1991 Option Plan have been granted to Company employees at fair market value at the date of grant.", "The 1999 Stock Option Plan (the ‘‘1999 Option Plan’’) was approved by share owners in April of 1999.", "Following the approval of the 1999 Option Plan, no grants were made from the 1991 Option Plan, and shares available under the 1991 Option Plan were no longer available to be granted.", "Under the 1999 Option Plan, a maximum of 120 million shares of our common stock was approved to be issued or transferred to certain officers and employees pursuant to stock options granted under the 1999 Option Plan.", "Options to purchase common stock under the 1999 Option Plan have been granted to Company employees at fair market value at the date of grant.", "The 2002 Stock Option Plan (the ‘‘2002 Option Plan’’) was approved by share owners in April of 2002.", "Under the 2002 Option Plan, a maximum of 120 million shares of our common stock was approved to be issued or transferred to certain officers and employees pursuant to stock options granted under the 2002 Option Plan.", "2011 compared to 2010 MST’s net sales for 2011 decreased $311 million, or 4%, compared to 2010.", "The decrease was attributable to decreased volume of approximately $390 million for certain ship and aviation system programs (primarily Maritime Patrol Aircraft and PTDS) and approximately $75 million for training and logistics solutions programs.", "Partially offsetting these decreases was higher sales of about $165 million from production on the LCS program.", "MST’s operating profit for 2011 decreased $68 million, or 10%, compared to 2010.", "The decrease was attributable to decreased operating profit of approximately $55 million as a result of increased reserves for contract cost matters on various ship and aviation system programs (including the terminated presidential helicopter program) and approximately $40 million due to lower volume and increased reserves on training and logistics solutions.", "Partially offsetting these decreases was higher operating profit of approximately $30 million in 2011 primarily due to the recognition of reserves on certain undersea systems programs in 2010.", "Adjustments not related to volume, including net profit rate adjustments described above, were approximately $55 million lower in 2011 compared to 2010.", "Backlog Backlog increased in 2012 compared to 2011 mainly due to increased orders on ship and aviation system programs (primarily MH-60 and LCS), partially offset decreased orders and higher sales volume on integrated warfare systems and sensors programs (primarily Aegis).", "Backlog decreased slightly in 2011 compared to 2010 primarily due to higher sales volume on various integrated warfare systems and sensors programs.", "Trends We expect MST’s net sales to decline in 2013 in the low single digit percentage range as compared to 2012 due to the completion of PTDS deliveries in 2012 and expected lower volume on training services programs.", "Operating profit and margin are expected to increase slightly from 2012 levels primarily due to anticipated improved contract performance.", "Space Systems Our Space Systems business segment is engaged in the research and development, design, engineering, and production of satellites, strategic and defensive missile systems, and space transportation systems.", "Space Systems is also responsible for various classified systems and services in support of vital national security systems.", "Space Systems’ major programs include the Space-Based Infrared System (SBIRS), Advanced Extremely High Frequency (AEHF) system, Mobile User Objective System (MUOS), Global Positioning Satellite (GPS) III system, Geostationary Operational Environmental Satellite R-Series (GOES-R), Trident II D5 Fleet Ballistic Missile, and Orion.", "Operating results for our Space Systems business segment include our equity interests in United Launch Alliance (ULA), which provides expendable launch services for the U. S.  Government, United Space Alliance (USA), which provided processing activities for the Space Shuttle program and is winding down following the completion of the last Space Shuttle mission in 2011, and a joint venture that manages the U. K. ’s Atomic Weapons Establishment program.", "Space Systems’ operating results included the following (in millions):", "||2012|2011|2010|\n|Net sales|$8,347|$8,161|$8,268|\n|Operating profit|1,083|1,063|1,030|\n|Operating margins|13.0%|13.0%|12.5%|\n|Backlog at year-end|18,100|16,000|17,800|\n", "2012 compared to 2011 Space Systems’ net sales for 2012 increased $186 million, or 2%, compared to 2011.", "The increase was attributable to higher net sales of approximately $150 million due to increased commercial satellite deliveries (two commercial satellites delivered in 2012 compared to one during 2011); about $125 million from the Orion program due to higher volume and an increase in risk retirements; and approximately $70 million from increased volume on various strategic and defensive missile programs.", "Partially offsetting the increases were lower net sales of approximately $105 million from certain government satellite programs (primarily SBIRS and MUOS) as a result of decreased volume and a decline in risk retirements; and about $55 million from the NASA External Tank program, which ended in connection with the completion of the Space Shuttle program in 2011."], "table_evidence": [42, 2], "paragraph_evidence": [41], "source": "multihiertt", "original_question_id": "a6b282703810484a89512a3a62445d60"}
{"question": "What was the total amount of assets for Assumed in 2014? (in million)", "python_solution": "def solution():\n    # Define variables name and value\n    assets_assumed_2014 = 491\n    assets_assumed_other = 112\n    \n    # Do math calculation to get the answer\n    answer = assets_assumed_2014 + assets_assumed_other\n    \n    return answer", "ground_truth": 603.0, "question_id": "simplong-testmini-20", "paragraphs": ["environmental regulations, and the continuing advancement of remediation technol\u0002ogy.", "Taking these factors into account, Eaton has estimated the costs of remediation, which will be incurred over a period of years.", "The Company accrues an amount on an undiscounted basis, consistent with the estimates of these costs, when it is proba\u0002ble that a liability has been incurred.", "At December 31, 2012 and 2011, $125 and $62 was accrued for these costs.", "Based upon Eaton's analysis and subject to the difficulty in estimating these future costs, the Company expects that any sum it may be required to pay in connection with environmental matters is not reasonably possible to exceed the recorded liabil\u0002ity by an amount that would have a material effect on its financial position, results of operations or cash flows.", "Market Risk Disclosure On a regular basis, Eaton monitors third-party depository institutions that hold its cash and short-term investments, primarily for safety of principal and secondarily for maximizing yield on those funds.", "The Company diversifies its cash and short\u0002term investments among counterparties to minimize exposure to any one of these entities.", "Eaton also monitors the creditworthiness of its customers and suppliers to mitigate any adverse impact.", "Eaton uses derivative instruments to manage exposure to volatility in raw material costs, currency and interest rates on certain debt instruments.", "Derivative financial instruments used by the Company are straightforward and non-leveraged.", "The coun\u0002terparties to these instruments are financial institutions with strong credit ratings.", "Eaton maintains control over the size of positions entered into with any one counter\u0002party and regularly monitors the credit rating of these institutions.", "See Note 12 to the Consolidated Financial Statements for additional information about hedges and derivative financial instruments.", "Eaton’s ability to access the commercial paper market, and the related cost of these borrowings, is based on the strength of its credit rating and overall market condi\u0002tions.", "The Company has not experienced any material limitations in its ability to access these sources of liquidity.", "At December 31, 2012, Eaton had $2,000 of long\u0002term revolving credit facilities with banks in support of its commercial paper pro\u0002gram.", "It has no direct borrowings outstanding under these credit facilities.", "Eaton’s non-United States operations also had available short-term lines of credit of approxi\u0002mately $2,099 at December 31, 2012.", "Interest rate risk can be measured by calculating the short-term earnings impact that would result from adverse changes in interest rates.", "This exposure results from short-term debt, which includes commercial paper at a floating interest rate, long\u0002term debt that has been swapped to floating rates, and money market investments that have not been swapped to fixed rates.", "Based upon the balances of investments and floating rate debt at year end 2012, a 100 basis-point increase in short-term inter\u0002est rates would have increased the Company’s net, pretax interest expense by $15.", "Eaton also measures interest rate risk by estimating the net amount by which the fair value of the Company’s financial liabilities would change as a result of movements in interest rates.", "Based on Eaton’s best estimate for a hypothetical, 100 basis point decrease in interest rates at December 31, 2012, the market value of the Company’s debt and interest rate swap portfolio, in aggregate, would increase by $779.", "Currency risk is the risk of economic losses due to adverse changes in exchange rates.", "The Company mitigates currency risk by funding some investments in certain markets through local currency financings.", "Non-United States dollar debt was $148 at Decem\u0002ber 31, 2012.", "To augment Eaton’s non-United States dollar debt portfolio, the Company also enters into forward exchange contracts and currency swaps from time to time to mitigate the risk of economic loss in its investments.", "At December 31, 2012, the aggre\u0002gate balance of such contracts was $599.", "Eaton also monitors exposure to transac\u0002tions denominated in currencies other than the functional currency of each country in which the Company operates, and regularly enters into forward contracts to mitigate that exposure.", "In the aggregate, Eaton’s portfolio of forward contracts related to such transactions was not material to its Consolidated Financial Statements.", "Contractual Obligations A summary of contractual obligations as of December 31, 2012 follows:", "||2013|2014to2015|2016to2017|After2017|Total|\n|Long-term debt-1|$314|$1,576|$1,812|$6,084|$9,786|\n|Interest expense related to long-term debt|371|683|607|2,653|4,314|\n|Reduction of interest expense from interest rate swapagreements related to long-term debt|-34|-54|-35|-69|-192|\n|Operating leases|174|238|132|85|629|\n|Purchase obligations|849|95|78|86|1,108|\n|Other long-term obligations|309|12|13|74|408|\n|Total|$1,983|$2,550|$2,607|$8,913|$16,053|\n", "(1) Long-term debt excludes deferred gains and losses on derivatives related to debt, adjustments to fair market value, and premiums and discounts on long-term debentures.", "Interest expense related to long-term debt is based on the fixed interest rate, or other applicable interest rate, related to the debt instrument.", "The reduction of inter\u0002est expense due to interest rate swap agreements related to long-term debt is based on the difference in the fixed interest rate the Company receives from the swap, compared to the floating interest rate the Company pays on the swap.", "Purchase obli\u0002gations are entered into with various vendors in the normal course of business.", "These amounts include commitments for purchases of raw materials, outstanding non-cancelable purchase orders, releases under blanket purchase orders and com\u0002mitments under ongoing service arrangements.", "Other long-term obligations princi\u0002pally include anticipated contributions of $303 to pension plans in 2013 and $101 of deferred compensation earned under various plans for which the participants have elected to receive disbursement at a later date.", "The table above does not include future expected pension benefit payments or expected other postretirement benefits payments.", "Information related to the amounts of these future payments is described in Note 6 to the Consolidated Financial State\u0002ments.", "The table above also excludes the liability for unrecognized income tax benefits, since the Company cannot predict with reasonable certainty the timing of cash settle\u0002ments with the respective taxing authorities.", "At December 31, 2012, the gross liability for unrecognized income tax benefits totaled $280 and interest and penalties were $34.", "Forward-Looking Statements This Annual Report to Shareholders contains forward-looking statements concerning Eaton's full year 2013 sales, the performance in 2013 of its worldwide end markets, and Eaton's 2013 growth in relation to end markets, among other matters.", "These state\u0002ments may discuss goals, intentions and expectations as to future trends, plans, events, results of operations or financial condition, or state other information relating to Eaton, based on current beliefs of management as well as assumptions made by, and informa\u0002tion currently available to, management.", "Forward-looking statements generally will be accompanied by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “forecast,” “guidance,” “intend,” “may,” “possible,” “potential,” “predict,” “project” or other similar words, phrases or expressions.", "These statements should be used with caution and are subject to various risks and uncertainties, many of which are outside Eaton’s control.", "The following factors could cause actual results to differ materially from those in the forward-looking statements: unanticipated changes in the markets for the Company’s business segments; unanticipated downturns in business relation\u0002ships with customers or their purchases from us; the availability of credit to customers and suppliers; competitive pressures on sales and pricing; increases in the cost of material and other production costs, or unexpected costs that cannot be recouped in product pricing; the introduction of competing technologies; unexpected technical or marketing difficulties; unexpected claims, charges, litigation or dispute resolutions; strikes or other labor unrest; the impact of acquisitions and divestitures; unanticipated difficulties integrating acquisitions; new laws and governmental regulations; interest rate changes; tax rate changes or exposure to additional income tax liability; stock market and currency fluctuations; and unanticipated deterioration of economic and financial conditions in the United States and around the world.", "Eaton does not assume any obligation to update these forward-looking statements.", "Item 7.", "Management’s Discussion and Analysis of Financial Condition and Results of Operations Results of Operations – CNA Financial – (Continued) Net income increased $246 million in 2006 as compared with 2005.", "This increase was attributable to increases in net operating income and net realized investment gains.", "See the Investments section of this MD&A for further discussion of net investment income and net realized investment results.", "Net operating income increased $225 million in 2006 as compared with 2005.", "This improvement was primarily driven by an increase in net investment income, a decrease in net prior year development as discussed below and reduced catastrophe impacts in 2006.", "Catastrophe impacts were $1 million after tax and minority interest for the year ended December 31, 2006, as compared to $15 million after tax and minority interest for the year ended December 31, 2005.", "The 2005 results also included a $54 million loss, after taxes and minority interest, in the surety line of business related to a large national contractor.", "Further information related to the large national contractor is included in Note 22 of the Notes to Consolidated Financial Statements included under Item 8.", "The combined ratio improved 7.9 points in 2006 as compared with 2005.", "The loss ratio improved 7.9 points, due to decreased net prior year development as discussed below and improved current accident year impacts.", "The 2005 loss ratio was unfavorably impacted by surety losses of $110 million, before taxes and minority interest, related to a national contractor as discussed above.", "Partially offsetting this favorable impact was less favorable current accident year loss ratios across several other lines of business in 2006.", "Favorable net prior year development of $66 million was recorded in 2006, including $61 million of favorable claim and allocated claim adjustment expense reserve development and $5 million of favorable premium development.", "Unfavorable net prior year development of $103 million, including $173 million of unfavorable claim and allocated claim adjustment expense reserve development and $70 million of favorable premium development, was recorded in 2005.", "Further information on Specialty Lines Net Prior Year Development for 2006 and 2005 is included in Note 9 of the Notes to Consolidated Financial Statements included under Item 8.", "Life & Group Non-Core The following table summarizes the results of operations for Life & Group Non-Core.", "|Year Ended December 31|2007|2006|2005|\n|(In millions)||||\n|Net earned premiums|$618|$641|$704|\n|Net investment income|622|698|593|\n|Net operating loss|-141|-13|-46|\n|Net realized investment losses|-33|-30|-18|\n|Net loss|-174|-43|-64|\n", "2007 Compared with 2006 Net earned premiums for Life & Group Non-Core decreased $23 million in 2007 as compared with 2006.", "The 2007 and 2006 net earned premiums relate primarily to the group and individual long term care businesses.", "The net loss increased $131 million in 2007 as compared with 2006.", "The increase in net loss was primarily due to the after tax and minority interest loss of $96 million related to the settlement of the IGI contingency.", "The IGI contingency related to reinsurance arrangements with respect to personal accident insurance coverages between 1997 and 1999 which were the subject of arbitration proceedings.", "CNA reached an agreement in 2007 to settle the arbitration matter for a one\u0002time payment of $250 million, which resulted in an incurred loss, net of reinsurance, of $167 million pretax.", "The decreased net investment income included a decline of net investment income in the trading portfolio of $82 million, a significant portion of which was offset by a corresponding decrease in the policyholders’ funds reserves supported by the trading portfolio.", "The trading portfolio supports our pension deposit business, which experienced a decline in net results of $29 million in 2007 compared to 2006.", "See the Investments section of this MD&A for further discussion of net investment income and net realized investment results.", "MetLife, Inc.  Notes to the Consolidated Financial Statements — (Continued) 6.", "Reinsurance (continued) The amounts in the consolidated balance sheets include the impact of reinsurance.", "Information regarding the significant effects of reinsurance was as follows at:", "||December 31,|\n||2014|2013|\n||Direct|Assumed|Ceded|TotalBalanceSheet|Direct|Assumed|Ceded|TotalBalanceSheet|\n||(In millions)|\n|Assets|||||||||\n|Premiums, reinsurance and other receivables|$6,111|$491|$15,642|$22,244|$6,248|$593|$15,018|$21,859|\n|Deferred policy acquisition costs and value of business acquired|24,807|112|-477|24,442|26,954|104|-352|26,706|\n|Total assets|$30,918|$603|$15,165|$46,686|$33,202|$697|$14,666|$48,565|\n|Liabilities|||||||||\n|Future policy benefits|$187,562|$2,024|$—|$189,586|$185,908|$2,034|$—|$187,942|\n|Policyholder account balances|208,307|989|-2|209,294|211,610|1,277|-2|212,885|\n|Other policy-related balances|14,131|285|6|14,422|14,838|353|23|15,214|\n|Other liabilities|20,752|481|3,204|24,437|19,591|533|3,044|23,168|\n|Total liabilities|$430,752|$3,779|$3,208|$437,739|$431,947|$4,197|$3,065|$439,209|\n", "Reinsurance agreements that do not expose the Company to a reasonable possibility of a significant loss from insurance risk are recorded using the deposit method of accounting.", "The deposit assets on reinsurance were $2.3 billion at both December 31, 2014 and 2013.", "The deposit liabilities on reinsurance were $35 million and $37 million at December 31, 2014 and 2013, respectively.7.", "Closed Block On April 7, 2000 (the “Demutualization Date”), MLIC converted from a mutual life insurance company to a stock life insurance company and became a wholly-owned subsidiary of MetLife, Inc.", "The conversion was pursuant to an order by the New York Superintendent of Insurance approving MLIC’s plan of reorganization, as amended (the “Plan of Reorganization”).", "On the Demutualization Date, MLIC established a closed block for the benefit of holders of certain individual life insurance policies of MLIC.", "Assets have been allocated to the closed block in an amount that has been determined to produce cash flows which, together with anticipated revenues from the policies included in the closed block, are reasonably expected to be sufficient to support obligations and liabilities relating to these policies, including, but not limited to, provisions for the payment of claims and certain expenses and taxes, and to provide for the continuation of policyholder dividend scales in effect for 1999, if the experience underlying such dividend scales continues, and for appropriate adjustments in such scales if the experience changes.", "At least annually, the Company compares actual and projected experience against the experience assumed in the then-current dividend scales.", "Dividend scales are adjusted periodically to give effect to changes in experience.", "The closed block assets, the cash flows generated by the closed block assets and the anticipated revenues from the policies in the closed block will benefit only the holders of the policies in the closed block.", "To the extent that, over time, cash flows from the assets allocated to the closed block and claims and other experience related to the closed block are, in the aggregate, more or less favorable than what was assumed when the closed block was established, total dividends paid to closed block policyholders in the future may be greater than or less than the total dividends that would have been paid to these policyholders if the policyholder dividend scales in effect for 1999 had been continued.", "Any cash flows in excess of amounts assumed will be available for distribution over time to closed block policyholders and will not be available to stockholders.", "If the closed block has insufficient funds to make guaranteed policy benefit payments, such payments will be made from assets outside of the closed block.", "The closed block will continue in effect as long as any policy in the closed block remains in-force.", "The expected life of the closed block is over 100 years.", "The Company uses the same accounting principles to account for the participating policies included in the closed block as it used prior to the Demutualization Date.", "However, the Company establishes a policyholder dividend obligation for earnings that will be paid to policyholders as additional dividends as described below.", "The excess of closed block liabilities over closed block assets at the Demutualization Date (adjusted to eliminate the impact of related amounts in AOCI) represents the estimated maximum future earnings from the closed block expected to result from operations attributed to the closed block after income taxes.", "Earnings of the closed block are recognized in income over the period the policies and contracts in the closed block remain in-force.", "Management believes that over time the actual cumulative earnings of the closed block will approximately equal the expected cumulative earnings due to the effect of dividend changes.", "If, over the period the closed block remains in", "Mondavi produces, markets and sells premium, super-premium and fine California wines under the Woodbridge by Robert Mondavi, Robert Mondavi Private Selection and Robert Mondavi Winery brand names.", "Woodbridge and Robert Mondavi Private Selection are the leading premium and super-premium wine brands by volume, respectively, in the United States.", "The acquisition of Robert Mondavi supports the Company’s strategy of strengthening the breadth of its portfolio across price segments to capitalize on the overall growth in the pre\u0002mium, super-premium and fine wine categories.", "The Company believes that the acquired Robert Mondavi brand names have strong brand recognition globally.", "The vast majority of Robert Mondavi’s sales are generated in the United States.", "The Company intends to leverage the Robert Mondavi brands in the United States through its selling, marketing and distribution infrastructure.", "The Company also intends to further expand distribution for the Robert Mondavi brands in Europe through its Constellation Europe infrastructure.", "The Company and Robert Mondavi have complementary busi\u0002nesses that share a common growth orientation and operating philosophy.", "The Robert Mondavi acquisition provides the Company with a greater presence in the fine wine sector within the United States and the ability to capitalize on the broader geographic distribution in strategic international markets.", "The Robert Mondavi acquisition supports the Company’s strategy of growth and breadth across categories and geographies, and strengthens its competitive position in its core markets.", "In par\u0002ticular, the Company believes there are growth opportunities for premium, super-premium and fine wines in the United Kingdom, United States and other wine markets.", "Total consid\u0002eration paid in cash to the Robert Mondavi shareholders was $1,030.7 million.", "Additionally, the Company expects to incur direct acquisition costs of $11.2 million.", "The purchase price was financed with borrowings under the Company’s 2004 Credit Agreement (as defined in Note 9).", "In accordance with the pur\u0002chase method of accounting, the acquired net assets are recorded at fair value at the date of acquisition.", "The purchase price was based primarily on the estimated future operating results of Robert Mondavi, including the factors described above, as well as an estimated benefit from operating cost synergies.", "The results of operations of the Robert Mondavi business are reported in the Constellation Wines segment and have been included in the Consolidated Statement of Income since the acquisition date.", "The following table summarizes the estimated fair values of the assets acquired and liabilities assumed in the Robert Mondavi acquisition at the date of acquisition.", "The Company is in the process of obtaining third-party valuations of certain assets and liabilities, and refining its restructuring plan which is under development and will be finalized during the Company’s year ending February 28, 2006 (see Note19).", "Accordingly, the allocation of the purchase price is subject to refinement.", "Estimated fair values at December 22, 2004, are as follows:"], "table_evidence": [78], "paragraph_evidence": [77], "source": "multihiertt", "original_question_id": "e15b005f03c94f4aafef2bf7a3d0ffe4"}
{"question": "what was the percentage cumulative total shareholder return on disca for the five year period ended december 31 , 2018?", "python_solution": "def solution():\n    # Define variables name and value\n    ending_value = 53.56\n    starting_value = 100\n    \n    # Do math calculation to get the answer\n    answer = ((ending_value - starting_value) / starting_value) * 100\n    \n    return answer", "ground_truth": -46.44, "question_id": "simplong-testmini-21", "paragraphs": ["PROVISIONS FOR LOSSES Charge card provision for losses decreased $41 million or 6 percent in 2016 compared to 2015, and $55 million or 7 percent in 2015 compared to 2014.", "The decrease in 2016 was driven by lower net write-offs and improved delinquencies.", "The decrease in 2015 reflects a reserve release versus a reserve build in 2014, partially offset by higher write-offs.", "Card Member loans provision for losses increased $45 million or 4 percent in 2016 compared to 2015, and $52 million or 5 percent in 2015 compared to 2014.", "The increase in 2016 was primarily driven by strong momentum in our lending growth initiatives, resulting in higher loan balances, increased net write-offs in the current year and a slight increase in delinquencies, partially offset by the impact of the HFS portfolios, as the current year does not reflect the associated credit costs, as previously mentioned.", "The increase in 2015 primarily reflects a reserve build versus a reserve release in 2014.", "The reserve build in 2015 was due to a small increase in delinquency rates combined with an increase in loan balances, partially offset by lower write-offs and the impact related to transferring the HFS portfolios to Card Member loans and receivables HFS in December 2015.", "Other provision for losses increased $34 million or 56 percent in 2016 compared to 2015, and decreased $53 million or 46 percent in 2015 compared to 2014.", "The increase in 2016 was primarily driven by growth in the commercial financing portfolio resulting in higher net write-offs.", "The decrease in 2015 was primarily due to a merchant-related charge in the fourth quarter of 2014.", "TABLE 4: EXPENSES SUMMARY", "|Years Ended December 31,||||||\n|(Millions, except percentages)| 2016|2015|2014|\n|Marketing and promotion|$3,650|$3,109|$3,216|$541|17 %|$-107|-3%|\n|Card Member rewards|6,793|6,996|6,931|-203|-3|65|1|\n|Card Member services and other|1,133|1,018|822|115|11|196|24|\n|Total marketing, promotion, rewards and Card Member services and other|11,576|11,123|10,969|453|4|154|1|\n|Salaries and employee benefits|5,259|4,976|6,095|283|6|-1,119|-18|\n|Other, net(a)|5,162|6,793|6,089|-1,631|-24|704|12|\n| Total expenses|$21,997|$22,892|$23,153|$-895|-4%|$-261|-1%|\n", "(a) Beginning December 1, 2015 through to the sale completion dates, includes the valuation allowance adjustment associated with the HFS portfolios.", "EXPENSES Marketing and promotion expenses increased $541 million or 17 percent in 2016 compared to 2015, and decreased $107 million or 3 percent in 2015 compared to 2014 (increasing 1 percent on an FX-adjusted basis), with higher levels of spending on growth initiatives in both periods.2 Card Member rewards expenses decreased $203 million or 3 percent in 2016 compared to 2015 and increased $65 million or 1 percent in 2015 compared to 2014.", "The decrease in 2016 was primarily driven by lower cobrand rewards expense of $518 million, primarily reflecting lower Costco-related expenses and a shift in volumes to cash rebate cards for which the rewards costs are classified as contra-discount revenue, partially offset by increased spending volumes across other cobrand card products.", "The lower cobrand rewards expense was partially offset by higher Membership Rewards expense of $315 million, primarily driven by an increase in new points earned as a result of higher spending volumes, recent enhancements to U. S.  Consumer and Small Business Platinum rewards and less of a decline in the weighted average cost (WAC) per point.", "The increase in 2015 was primarily driven by higher cobrand rewards expense of $199 million, driven by rate impacts as a result of cobrand partnership renewal costs, partially offset by a decrease in Membership Rewards expense of $134 million.", "The latter was primarily driven by slower growth in the Ultimate Redemption Rate (URR) and a decline in the WAC per point assumption, including the impact of the $109 million charge in the fourth quarter of 2014 related to the Delta partnership renewal, partially offset by increased expenses related to new points earned, driven by higher spending volumes.", "The Membership Rewards URR for current program participants was 95 percent (rounded down) at December 31, 2016, compared to 95 percent (rounded down) at December 31, 2015, and 95 percent (rounded up) at December 31, 2014.2 Refer to footnote 1 on page 41 for details regarding foreign currency adjusted information", "TABLE 22: UNSECURED DEBT RATINGS", "| Credit Agency| American Express Entity| Short-Term Ratings| Long-Term Ratings| Outlook|\n|DBRS|All rated entities|R-1 (middle)|A (high)|Stable|\n|Fitch|All rated entities|F1|A|Negative|\n|Moody’s|TRS and rated operating subsidiaries(a)|Prime-1|A2|Stable|\n|Moody’s|American Express Company|Prime-2|A3|Stable|\n|S&P|TRS(a)|N/A|A-|Stable|\n|S&P|Other rated operating subsidiaries|A-2|A-|Stable|\n|S&P|American Express Company|A-2|BBB+|Stable|\n", "(a) American Express Travel Related Services Company, Inc.", "Downgrades in the ratings of our unsecured debt or asset securitization program securities could result in higher funding costs, as well as higher fees related to borrowings under our unused lines of credit.", "Declines in credit ratings could also reduce our borrowing capacity in the unsecured debt and asset securitization capital markets.", "We believe our funding mix, including the proportion of U. S.  retail deposits insured by the Federal Deposit Insurance Corporation (FDIC), should reduce the impact that credit rating downgrades would have on our funding capacity and costs.", "SHORT-TERM FUNDING PROGRAMS Short-term borrowings, such as commercial paper, are defined as any debt with an original maturity of twelve months or less, as well as interest-bearing overdrafts with banks.", "Our short-term funding programs are used primarily to meet working capital needs, such as managing seasonal variations in receivables balances.", "The amount of short-term borrowings issued in the future will depend on our funding strategy, our needs and market conditions.", "As of December 31, 2016, we had $3.0 billion in commercial paper outstanding and we had an average of $0.5 billion in commercial paper outstanding during 2016.", "Refer to Note 9 to the “Consolidated Financial Statements” for a further description of these borrowings.", "DEPOSIT PROGRAMS We offer deposits within our Centurion Bank and American Express Bank subsidiaries.", "These funds are currently insured up to $250,000 per account holder through the FDIC.", "Our ability to obtain deposit funding and offer competitive interest rates is dependent on the capital levels of Centurion Bank and American Express Bank.", "We, through American Express Bank, have a direct retail deposit program, Personal Savings from American Express, to supplement our distribution of deposit products sourced through third-party distribution channels.", "The direct retail program makes FDIC-insured certificates of deposit (CDs) and high-yield savings account products available directly to consumers.", "As of December 31, 2016 we had $53.0 billion in customer deposits.", "Refer to Note 8 to the “Consolidated Financial Statements” for a further description of these deposits.", "LONG-TERM DEBT PROGRAMS As of December 31, 2016 we had $47.0 billion in long-term debt outstanding.", "During 2016, we and our subsidiaries issued $3.8 billion of unsecured debt with maturities ranging from 3 to 5 years.", "Referto Note 9 to the “Consolidated Financial Statements” for a further description of these borrowings.", "Our 2016 debt issuances were as follows: TABLE 23: DEBT ISSUANCES", "|(Billions)| 2016|\n|American Express Credit Corporation:||\n|Fixed Rate Senior Notes (weighted-average coupon of 1.65%)|$3.5|\n|Floating Rate Senior Notes(3-monthLIBOR plus 57 basis points onaverage)|0.3|\n|Total|$3.8|\n", "ASSET SECURITIZATION PROGRAMS We periodically securitize Card Member loans and receivables arising from our card business, as the securitization market provides us with cost-effective funding.", "Securitization of Card Member loans and receivables is accomplished through the transfer of those assets to a trust, which in turn issues securities collateralized by the transferred assets to third-party investors.", "The proceeds from issuance are distributed to us, through our wholly owned subsidiaries, as consideration for the transferred assets.", "NOTE 3 LOANS AND ACCOUNTS RECEIVABLE The Company’s lending and charge payment card products result in the generation of Card Member loans and Card Member receivables, respectively.", "CARD MEMBER AND OTHER LOANS Card Member loans are recorded at the time a Card Member enters into a point-of-sale transaction with a merchant and represent revolving amounts due on lending card products, as well as amounts due from charge Card Members who utilize the Pay Over Time features on their account and elect to revolve a portion of the outstanding balance by entering into a revolving payment arrangement with the Company.", "These loans have a range of terms such as credit limits, interest rates, fees and payment structures, which can be revised over time based on new information about Card Members, and in accordance with applicable regulations and the respective product’s terms and conditions.", "Card Members holding revolving loans are typically required to make monthly payments based on pre-established amounts and the amounts that Card Members choose to revolve are subject to finance charges.", "Card Member loans are presented on the Consolidated Balance Sheets net of reserves for losses (refer to Note 4), and include principal and any related accrued interest and fees.", "The Company’s policy generally is to cease accruing interest on a Card Member loan at the time the account is written off, and establish reserves for interest that the Company believes will not be collected.", "Card Member loans by segment and Other loans as of December 31, 2017 and 2016 consisted of:", "|(Millions)|2017|2016|\n|U.S. Consumer Services(a)|$53,668|$48,758|\n|International Consumer and Network Services|8,651|6,971|\n|Global Commercial Services|11,080|9,536|\n|Card Member loans|73,399|65,265|\n|Less: Reserve for losses|1,706|1,223|\n|Card Member loans, net|$71,693|$64,042|\n|Other loans, net(b)|$2,607|$1,419|\n", "(a) Includes approximately $25.7 billion and $26.1 billion of gross Card Member loans available to settle obligations of a consolidated VIE as of December 31, 2017 and 2016, respectively.", "(b) Other loans primarily represent personal and commercial financing products.", "Other loans are presented net of reserves for losses of $80 million and $42 million as of December 31, 2017 and 2016, respectively.", "CARD MEMBER AND OTHER RECEIVABLES Card Member receivables are also recorded at the time a Card Member enters into a point-of-sale transaction with a merchant and represent amounts due on charge card products.", "Each charge card transaction is authorized based on its likely economics, a Card Member’s most recent credit information and spend patterns.", "Additionally, global spend limits are established to limit the maximum exposure for the Company.", "Charge Card Members generally must pay the full amount billed each month.", "Card Member receivable balances are presented on the Consolidated Balance Sheets net of reserves for losses (refer to Note 4), and include principal and any related accrued fees.", "Card Member accounts receivable by segment and Other receivables as of December 31, 2017 and 2016 consisted of:", "|(Millions)|2017|2016|\n|U.S. Consumer Services(a)|$13,143|$12,302|\n|International Consumer and Network Services|7,803|5,966|\n|Global Commercial Services|33,101|29,040|\n|Card Member receivables|54,047|47,308|\n|Less: Reserve for losses|521|467|\n|Card Member receivables, net|$53,526|$46,841|\n|Other receivables, net(b)|$3,163|$3,232|\n", "(a) Includes $8.9 billion of gross Card Member receivables available to settle obligations of a consolidated VIE as of both December 31, 2017 and 2016.", "(b) Other receivables primarily represent amounts related to (i) GNS partner banks for items such as royalty and franchise fees, (ii) certain merchants for billed discount revenue, (iii) tax-related receivables, and (iv) loyalty coalition partners for points issued, as well as program participation and servicing fees.", "Other receivables are presented net of reserves for losses of $31 million and $45 million as of December 31, 2017 and 2016, respectively.", "Stock Performance Graph The following graph sets forth the cumulative total shareholder return on our Series A common stock, Series B common stock and Series C common stock as compared with the cumulative total return of the companies listed in the Standard and Poor’s 500 Stock Index (“S&P 500 Index”) and a peer group of companies comprised of CBS Corporation Class B common stock, Scripps Network Interactive, Inc.  (acquired by the Company in March 2018), Time Warner, Inc.  (acquired by AT&T Inc.  in June 2018), Twenty-First Century Fox, Inc.  Class A common stock (News Corporation Class A Common Stock prior to June 2013), Viacom, Inc.  Class B common stock and The Walt Disney Company.", "The graph assumes $100 originally invested on December 31, 2013 in each of our Series A common stock, Series B common stock and Series C common stock, the S&P 500 Index, and the stock of our peer group companies, including reinvestment of dividends, for the years ended December 31, 2014, 2015, 2016, 2017 and 2018.", "Two peer companies, Scripps Networks Interactive, Inc.  and Time Warner, Inc. , were acquired in 2018.", "The stock performance chart shows the peer group including Scripps Networks Interactive, Inc.  and Time Warner, Inc.  and excluding both acquired companies for the entire five year period.", "||December 31,2013|December 31,2014|December 31,2015|December 31,2016|December 31,2017|December 31,2018|\n|DISCA|$100.00|$74.58|$57.76|$59.34|$48.45|$53.56|\n|DISCB|$100.00|$80.56|$58.82|$63.44|$53.97|$72.90|\n|DISCK|$100.00|$80.42|$60.15|$63.87|$50.49|$55.04|\n|S&P 500|$100.00|$111.39|$110.58|$121.13|$144.65|$135.63|\n|Peer Group incl. Acquired Companies|$100.00|$116.64|$114.02|$127.96|$132.23|$105.80|\n|Peer Group ex. Acquired Companies|$100.00|$113.23|$117.27|$120.58|$127.90|$141.58|\n", "Equity Compensation Plan Information Information regarding securities authorized for issuance under equity compensation plans will be set forth in our definitive Proxy Statement for our 2019 Annual Meeting of Stockholders under the caption “Securities Authorized for Issuance Under Equity Compensation Plans,” which is incorporated herein by reference."], "table_evidence": [70], "paragraph_evidence": [-1], "source": "multihiertt", "original_question_id": "a5a789d270ed4d80b81269e54a97222f"}
{"question": "What is the sum of corporateand in the range of 6000 in 2015? (in million)", "python_solution": "def solution():\n    # Define variables name and value\n    corporate_medium_large = 5758.2\n    corporate_small_business = 1058.2\n    \n    # Do math calculation to get the answer\n    answer = corporate_medium_large + corporate_small_business\n    \n    return answer", "ground_truth": 6816.4, "question_id": "simplong-testmini-22", "paragraphs": ["(e) Other adjustments primarily include certain historical retention costs, unusual, non-recurring litigation matters, secondary-offering-related expenses and expenses related to the consolidation of office locations north of Chicago.", "During the year ended December 31, 2013, we recorded IPO- and secondary-offering related expenses of $75.0 million.", "For additional information on the IPO- and secondary-offering related expenses, see Note 10 (Stockholder’s Equity) to the accompanying Consolidated Financial Statements.", "(f) Includes the impact of consolidating five months for the year ended December 31, 2015 of Kelway’s financial results.", "(4) Non-GAAPnet income excludes, among other things, charges related to the amortization of acquisition-related intangible assets, non-cash equity-based compensation, acquisition and integration expenses, and gains and losses from the extinguishment of long-term debt.", "Non-GAAP net income is considered a non-GAAP financial measure.", "Generally, a non-GAAPfinancial measure is a numerical measure of a company’s performance, financial position or cash flows that either excludes or includes amounts that are not normally included or excluded in the most directly comparable measure calculated and presented in accordance with GAAP.", "Non-GAAP measures used by us may differ from similar measures used by other companies, even when similar terms are used to identify such measures.", "We believe that non-GAAP net income provides meaningful information regarding our operating performance and cash flows including our ability to meet our future debt service, capital expenditures and working capital requirements.", "The following unaudited table sets forth a reconciliation of net income to non-GAAPnet income for the periods presented:", "||Years Ended December 31,|\n|(in millions)|2015|2014|2013|2012|2011|\n|Net income|$403.1|$244.9|$132.8|$119.0|$17.1|\n|Amortization of intangibles(a)|173.9|161.2|161.2|163.7|165.7|\n|Non-cash equity-based compensation|31.2|16.4|8.6|22.1|19.5|\n|Non-cash equity-based compensation related to equity investment(b)|20.0|—|—|—|—|\n|Net loss on extinguishments of long-term debt|24.3|90.7|64.0|17.2|118.9|\n|Acquisition and integration expenses(c)|10.2|—|—|—|—|\n|Gain on remeasurement of equity investment(d)|-98.1|—|—|—|—|\n|Other adjustments(e)|3.7|-0.3|61.2|-3.3|-15.6|\n|Aggregate adjustment for income taxes(f)|-64.8|-103.0|-113.5|-71.6|-106.8|\n|Non-GAAP net income(g)|$503.5|$409.9|$314.3|$247.1|$198.8|\n", "(a) Includes amortization expense for acquisition-related intangible assets, primarily customer relationships, customer contracts and trade names.", "(b) Represents our 35% share of an expense related to certain equity awards granted by one of the sellers to Kelway coworkers in July 2015 prior to our acquisition of Kelway.", "(c) Primarily includes expenses related to the acquisition of Kelway.", "(d) Represents the gain resulting from the remeasurement of our previously held 35% equity investment to fair value upon the completion of the acquisition of Kelway.", "(e) Primarily includes expenses related to the consolidation of office locations north of Chicago and secondary\u0002offering-related expenses.", "Amount in 2013 primarily relates to IPO- and secondary-offering related expenses.", "(f) Based on a normalized effective tax rate of 38.0% (39.0% prior to the Kelway acquisition), except for the non\u0002cash equity-based compensation from our equity investment and the gain resulting from the remeasurement of our previously held 35% equity investment to fair value upon the completion of the acquisition of Kelway, which were tax effected at a rate of 35.4%.", "The aggregate adjustment for income taxes also includes a $4.0 million deferred tax benefit recorded during the three months and year ended December 31, 2015 as a result of a tax rate reduction in the United Kingdom and additional tax expense during the year ended December 31, 2015 of $3.3 million as a result of recording withholding tax on the unremitted earnings of our Canadian subsidiary.", "Additionally, note that certain acquisition costs are non-deductible.", "Net sales Net sales by segment, in dollars and as a percentage of total Net sales, and the year-over-year dollar and percentage change in Net sales for the years ended December 31, 2015 and 2014 are as follows:", "||Years Ended December 31,|||\n||2015|2014|||\n|(dollars in millions)|Net Sales|Percentageof Total Net Sales|Net Sales|Percentageof Total Net Sales|DollarChange|PercentChange-1|\n|Corporate:|||||||\n|Medium/Large|$5,758.2|44.3%|$5,485.4|45.4%|$272.8|5.0%|\n|Small Business|1,058.2|8.2|990.1|8.2|68.1|6.9|\n|Total Corporate|6,816.4|52.5|6,475.5|53.6|340.9|5.3|\n|Public:|||||||\n|Government|1,675.9|12.9|1,449.4|12.0|226.5|15.6|\n|Education|1,807.0|13.9|1,824.0|15.1|-17.0|-0.9|\n|Healthcare|1,642.6|12.6|1,606.0|13.3|36.6|2.3|\n|Total Public|5,125.5|39.4|4,879.4|40.4|246.1|5.0|\n|Other|1,046.8|8.1|719.6|6.0|327.2|45.5|\n|Total Net sales|$12,988.7|100.0%|$12,074.5|100.0%|$914.2|7.6%|\n", "(1) There were 254 selling days for the years ended December 31, 2015 and 2014.", "Total Net sales in 2015 increased $914.2 million, or 7.6%, to $12,988.7 million, compared to $12,074.5 million in 2014, reflecting both organic net sales growth and the impact of consolidating five months of Kelway net sales.", "Customer priorities continued to shift more towards integrated solutions, which drove higher growth in solutions sales compared to transactional product sales.", "Strong sales performance in solutions-focused products was driven by netcomm and server and server-related products.", "The growth in transactional products was led by notebooks/mobile devices, partially offset by a decline in desktop computers.", "Organic net sales, which excludes the impact of the acquisition of Kelway, increased $563.5 million, or 4.7%, to $12,638.0 million in 2015, compared to $12,074.5 million in 2014.", "Organic net sales on a constant currency basis, which excludes the impact of foreign currency translation, in 2015 increased $635.0 million, or 5.3%, to $12,638.0 million, compared to $12,003.0 million in 2014.", "For additional information, see “Non-GAAP Financial Measure Reconciliations” below.", "Corporate segment net sales in 2015 increased $340.9 million, or 5.3%, compared to 2014, driven by sales growth in both our medium/large and small business customer channels and reflecting stronger performance in solutions sales compared to transactional product sales.", "Within our Corporate segment, net sales to medium/large customers increased $272.8 million, or 5.0%, year over year, primarily due to strong sales performance in solutions-focused products driven by netcomm products and server and server-related products.", "Growth in transactional products was driven by notebook/mobile devices, partially offset by a decline in desktop computers.", "Net sales to small business customers increased by $68.1 million, or 6.9%, between periods, driven by growth in notebooks/mobile devices and netcomm products, partially offset by a decline in desktop computers.", "Public segment net sales in 2015 increased $246.1 million, or 5.0%, between years, due to strong sales performance in government and growth in healthcare, partially offset by education remaining relatively flat.", "Net sales to government customers increased $226.5 million, or 15.6%, between periods, as sales to both federal and state/local government customers experienced mid-teens growth.", "The increase in net sales to the federal government was driven by growth in sales of netcomm products, software and enterprise storage, as we continued to benefit from strategic changes made to better align with new federal government purchasing programs implemented last year.", "A continued focus on public safety drove the increase in net sales to state/local government customers, which was led by netcomm products, notebooks/mobile devices and software, partially offset by a decline in desktop computers.", "Net sales to education customers decreased $17.0 million, or 0.9%, year over year, primarily due to declines in notebooks/mobile devices, partially offset by growth in netcomm products.", "Net sales to healthcare customers increased $36.6 million, or 2.3%, year over year, driven by growth in netcomm and server-related products, partially offset by declines in desktop", "DISH NETWORK CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - Continued F-43 15.", "Stock-Based Compensation Stock Incentive Plans We maintain stock incentive plans to attract and retain officers, directors and key employees.", "Stock awards under these plans include both performance and non-performance based stock incentives.", "As of December 31, 2013, we had outstanding under these plans stock options to acquire 14.1 million shares of our Class A common stock and 1.9 million restricted stock units.", "Stock options granted on or prior to December 31, 2013 were granted with exercise prices equal to or greater than the market value of our Class A common stock at the date of grant and with a maximum term of approximately ten years.", "While historically we have issued stock awards subject to vesting, typically at the rate of 20% per year, some stock awards have been granted with immediate vesting and other stock awards vest only upon the achievement of certain company-specific subscriber, operational and/or financial goals.", "As of December 31, 2013, we had 69.7 million shares of our Class A common stock available for future grant under our stock incentive plans.", "During December 2011, we paid a dividend in cash of $2.00 per share on our outstanding Class A and Class B common stock to shareholders of record on November 17, 2011.", "In light of such dividend, during January 2012, the exercise price of 21.2 million stock options, affecting approximately 600 employees, was reduced by $2.00 per share (the “2011 Stock Option Adjustment”).", "Except as noted below, all information discussed below reflects the 2011 Stock Option Adjustment.", "On December 28, 2012, we paid a dividend in cash of $1.00 per share on our outstanding Class A and Class B common stock to shareholders of record on December 14, 2012.", "In light of such dividend, during January 2013, the exercise price of 16.3 million stock options, affecting approximately 550 employees, was reduced by $0.77 per share (the “2012 Stock Option Adjustment”).", "Except as noted below, all information discussed below reflects the 2012 Stock Option Adjustment.", "On January 1, 2008, we completed the distribution of our technology and set-top box business and certain infrastructure assets (the “Spin-off”) into a separate publicly-traded company, EchoStar.", "In connection with the Spin-off, each DISH Network stock award was converted into an adjusted DISH Network stock award and a new EchoStar stock award consistent with the Spin-off exchange ratio.", "We are responsible for fulfilling all stock awards related to DISH Network common stock and EchoStar is responsible for fulfilling all stock awards related to EchoStar common stock, regardless of whether such stock awards are held by our or EchoStar’s employees.", "Notwithstanding the foregoing, our stock-based compensation expense, resulting from stock awards outstanding at the Spin-off date, is based on the stock awards held by our employees regardless of whether such stock awards were issued by DISH Network or EchoStar.", "Accordingly, stock-based compensation that we expense with respect to EchoStar stock awards is included in “Additional paid-in capital” on our Consolidated Balance Sheets.", "As of March 31, 2013, we have recognized all of our stock-based compensation expense resulting from EchoStar stock awards outstanding at the Spin-off date held by our employees except for the 2005 LTIP performance awards, which were determined not to be probable as of December 31, 2013.", "See discussion of the 2005 LTIP below.", "The following stock awards were outstanding:", "| | As of December 31, 2013|\n| | DISH Network Awards| EchoStar Awards|\n| Stock Awards Outstanding| Stock Options| Restricted Stock Units| Stock Options| Restricted Stock Units|\n|Held by DISH Network employees|12,821,290|1,876,498|602,048|44,288|\n|Held by EchoStar employees|1,237,284|66,999|N/A|N/A|\n|Total|14,058,574|1,943,497|602,048|44,288|\n", "Average Balances and Interest Rates鈥擫iabilities and Equity, and Net Interest Revenue(1)(2)(3)(4)", "||Average volume|Interest expense|% Average rate|\n|In millions of dollars, except rates|2015|2014|2013|2015|2014|2013|2015|2014|2013|\n|Liabilities||||||||||\n|Deposits||||||||||\n|In U.S. offices-5|$273,122|$289,669|$262,544|$1,291|$1,432|$1,754|0.47%|0.49%|0.67%|\n|In offices outside the U.S.-6|425,053|465,144|481,134|3,761|4,260|4,482|0.88|0.92|0.93|\n|Total|$698,175|$754,813|$743,678|$5,052|$5,692|$6,236|0.72%|0.75%|0.84%|\n|Federal funds purchased and securities loaned or sold under agreements to repurchase-7||||||||||\n|In U.S. offices|$108,286|$102,246|$126,742|$721|$656|$677|0.67%|0.64%|0.53%|\n|In offices outside the U.S.-6|66,200|87,777|102,623|893|1,239|1,662|1.35|1.41|1.62|\n|Total|$174,486|$190,023|$229,365|$1,614|$1,895|$2,339|0.93%|1.00%|1.02%|\n|Trading account liabilities-8(9)||||||||||\n|In U.S. offices|$25,837|$30,451|$24,834|$111|$75|$93|0.43%|0.25%|0.37%|\n|In offices outside the U.S.-6|44,126|45,205|47,908|105|93|76|0.24|0.21|0.16|\n|Total|$69,963|$75,656|$72,742|$216|$168|$169|0.31%|0.22%|0.23%|\n|Short-term borrowings-10||||||||||\n|In U.S. offices|$66,086|$79,028|$77,439|$234|$161|$176|0.35%|0.20%|0.23%|\n|In offices outside the U.S.-6|50,043|39,220|35,551|288|419|421|0.58|1.07|1.18|\n|Total|$116,129|$118,248|$112,990|$522|$580|$597|0.45%|0.49%|0.53%|\n|Long-term debt-11||||||||||\n|In U.S. offices|$182,371|$194,295|$194,140|$4,309|$5,093|$6,602|2.36%|2.62%|3.40%|\n|In offices outside the U.S.-6|7,643|7,761|10,194|208|262|234|2.72|3.38|2.30|\n|Total|$190,014|$202,056|$204,334|$4,517|$5,355|$6,836|2.38%|2.65%|3.35%|\n|Total interest-bearing liabilities|$1,248,767|$1,340,796|$1,363,109|$11,921|$13,690|$16,177|0.95%|1.02%|1.19%|\n|Demand deposits in U.S. offices|$26,124|$26,216|$21,948|||||||\n|Other non-interest-bearing liabilities-8|329,756|317,351|299,052|||||||\n|Total liabilities from discontinued operations|—|—|362|||||||\n|Total liabilities|$1,604,647|$1,684,363|$1,684,471|||||||\n|Citigroup stockholders’ equity-12|$217,875|$210,863|$196,884|||||||\n|Noncontrolling interest|1,315|1,689|1,941|||||||\n|Total equity-12|$219,190|$212,552|$198,825|||||||\n|Total liabilities and stockholders’ equity|$1,823,837|$1,896,915|$1,883,296|||||||\n|Net interest revenue as a percentage of average interest-earning assets-13||||||||||\n|In U.S. offices|$923,334|$953,394|$926,291|$28,495|$27,497|$25,591|3.09%|2.88%|2.76%|\n|In offices outside the U.S.-6|682,503|718,800|731,570|18,624|20,993|21,723|2.73|2.92|2.97|\n|Total|$1,605,837|$1,672,194|$1,657,861|$47,119|$48,490|$47,314|2.93%|2.90%|2.85%|\n", "Net interest revenue includes the taxable equivalent adjustments related to the tax-exempt bond portfolio (based on the U. S.  federal statutory tax rate of 35%) of $487 million, $498 million and $521 million for 2015, 2014 and 2013, respectively.", "Interest rates and amounts include the effects of risk management activities associated with the respective liability categories.", "Monthly or quarterly averages have been used by certain subsidiaries where daily averages are unavailable.", "Detailed average volume, Interest revenue and Interest expense exclude Discontinued operations.", "See Note 2 to the Consolidated Financial Statements.", "Consists of other time deposits and savings deposits.", "Savings deposits are made up of insured money market accounts, NOW accounts, and other savings deposits.", "The interest expense on savings deposits includes FDIC deposit insurance assessments.", "Average rates reflect prevailing local interest rates, including inflationary effects and monetary corrections in certain countries.", "Average volumes of securities sold under agreements to repurchase are reported net pursuant to ASC 210-20-45.", "However, Interest expense excludes the impact of ASC 210-20-45.", "The fair value carrying amounts of derivative contracts are reported net, pursuant to ASC 815-10-45, in Non-interest-earning assets and Other non-interest\u0002 bearing liabilities."], "table_evidence": [21], "paragraph_evidence": [20], "source": "multihiertt", "original_question_id": "4b9a715a89124b1f8dd47eca0cfcdd3e"}
{"question": "In the year with lowest amount of Commercial for TotalLoans, what's the increasing rate of Equipment lease financing for TotalLoans?", "python_solution": "def solution():\n    # Define variables name and value\n    equipment_lease_financing_previous = 6416\n    equipment_lease_financing_current = 7247\n    \n    # Do math calculation to get the answer\n    difference = equipment_lease_financing_current - equipment_lease_financing_previous\n    answer = (difference / equipment_lease_financing_previous) * 100\n    \n    return answer", "ground_truth": 12.951995012468828, "question_id": "simplong-testmini-23", "paragraphs": ["ADDITIONAL FINANCIAL INFORMATION OFF-BALANCE SHEET ARRANGEMENTS On December 31, 2016, other than operating leases, we had no material off-balance sheet arrangements.", "CONTRACTUAL OBLIGATIONS AND COMMERCIAL COMMITMENTS The following tables present information about our contractual obligations and commercial commitments on December 31, 2016:", "|||Payments Due by Period|\n|Contractual Obligations|Total Amount Committed|Less Than 1 Year|1-3 Years|4-5 Years|More Than 5 Years|\n|Long-term debt (a)|$4,791|$991|$162|$661|$2,977|\n|Capital lease obligations|30|2|5|4|19|\n|Operating leases|1,187|241|339|164|443|\n|Purchase obligations (b)|26,155|11,783|9,938|3,443|991|\n|Other long-term liabilities (c)|18,169|3,004|2,287|1,783|11,095|\n||$50,332|$16,021|$12,731|$6,055|$15,525|\n", "(a) Includes scheduled interest payments.", "See Note J to the Consolidated Financial Statements in Item 8 for a discussion of long-term debt.", "(b) Includes amounts committed under legally enforceable agreements for goods and services with defined terms as to quantity, price and timing of delivery.", "This amount includes $16.3 billion of purchase obligations for products and services to be delivered under firm government contracts under which we would expect full recourse under normal contract termination clauses.", "(c) Represents other long-term liabilities on our Consolidated Balance Sheet, including the current portion of these liabilities.", "The projected timing of cash flows associated with these obligations is based on management’s estimates, which are based largely on historical experience.", "This amount also includes all liabilities under our defined-benefit retirement plans.", "See Note P to the Consolidated Financial Statements in Item 8 for information regarding these liabilities and the plan assets available to satisfy them.", "|||Amount of Commitment Expiration by Period|\n|Commercial Commitments|Total Amount Committed|Less Than 1 Year|1-3 Years|4-5 Years|More Than 5 Years|\n|Letters of credit and guarantees*|$1,044|$560|$257|$68|$159|\n", "* See Note N to the Consolidated Financial Statements in Item 8 for a discussion of letters of credit.", "APPLICATION OF CRITICAL ACCOUNTING POLICIES Management’s Discussion and Analysis of Financial Condition and Results of Operations is based on our Consolidated Financial Statements, which have been prepared in accordance with GAAP.", "The preparation of financial statements in accordance with GAAP requires that we make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of revenue and expenses during the period.", "On an ongoing basis, we evaluate our estimates, including most pervasively those related to various assumptions and projections for our long-term contracts and programs.", "Other significant estimates include those related to goodwill and other intangible assets, income taxes, pension and other post-retirement benefits, workers’ compensation, warranty obligations and litigation and other contingencies.", "We employ judgment in making our estimates but they are based on historical experience, currently available information and various other assumptions that we believe to be reasonable under the circumstances.", "The results of these estimates form the basis for making judgments about the carrying values of assets and liabilities that are not readily available from other sources.", "Actual results may differ from these estimates.", "We believe that our judgment is applied consistently and produces financial information that fairly depicts the results of operations for all periods presented.", "In our opinion, the following policies are critical and require the use of significant judgment in their application: Revenue Recognition We account for revenue and earnings using the percentage-of\u0002completion method.", "Under this method, we recognize contract costs and revenue as the work progresses, either as the products are produced or as services are rendered.", "We determine progress using either input measures (e. g. , costs incurred) or output measures (e. g. , contract milestones or units delivered), as appropriate to the circumstances.", "An input measure is used in most cases unless an output measure is identified that is reliably determinable and representative of progress toward completion.", "We estimate the profit on a contract as the difference between the total estimated revenue and expected costs to complete a contract and recognize that profit", "Table 66: Commercial Lending Asset Quality Indicators (a)", "|||Criticized Commercial Loans||\n|In millions|PassRated (b)|Special Mention (c)|Substandard (d)|Doubtful (e)|TotalLoans|\n| December 31, 2012||||||\n|Commercial|$78,048|$1,939|$2,600|$145|$82,732|\n|Commercial real estate|14,898|804|1,802|210|17,714|\n|Equipment lease financing|7,062|68|112|5|7,247|\n|Purchased impaired loans|49|60|852|288|1,249|\n|Total commercial lending (f)|$100,057|$2,871|$5,366|$648|$108,942|\n|December 31, 2011||||||\n|Commercial|$60,649|$1,831|$2,817|$257|$65,554|\n|Commercial real estate|11,478|791|2,823|400|15,492|\n|Equipment lease financing|6,210|48|153|5|6,416|\n|Purchased impaired loans|107|35|542|168|852|\n|Total commercial lending (f)|$78,444|$2,705|$6,335|$830|$88,314|\n", "(a) Based upon PDs and LGDs.", "(b) Pass Rated loans include loans not classified as “Special Mention”, “Substandard”, or “Doubtful”.", "(c) Special Mention rated loans have a potential weakness that deserves management’s close attention.", "If left uncorrected, these potential weaknesses may result in deterioration of repayment prospects at some future date.", "These loans do not expose us to sufficient risk to warrant a more adverse classification at this time.", "(d) Substandard rated loans have a well-defined weakness or weaknesses that jeopardize the collection or liquidation of debt.", "They are characterized by the distinct possibility that we will sustain some loss if the deficiencies are not corrected.", "(e) Doubtful rated loans possess all the inherent weaknesses of a Substandard rated loan with the additional characteristics that the weakness makes collection or liquidation in full improbable due to existing facts, conditions, and values.", "(f) Loans are included above based on their contractual terms as “Pass”, “Special Mention”, “Substandard” or “Doubtful”.", "CONSUMER LENDING ASSET CLASSES Home Equity and Residential Real Estate Loan Classes We use several credit quality indicators, including delinquency information, nonperforming loan information, updated credit scores, originated and updated LTV ratios, and geography, to monitor and manage credit risk within the home equity and residential real estate loan classes.", "We evaluate mortgage loan performance by source originators and loan servicers.", "A summary of asset quality indicators follows: Delinquency/Delinquency Rates: We monitor trending of delinquency/delinquency rates for home equity and residential real estate loans.", "See the Asset Quality section of this Note 5 for additional information.", "Nonperforming Loans: We monitor trending of nonperforming loans for home equity and residential real estate loans.", "See the Asset Quality section of this Note 5 for additional information.", "Credit Scores: We use a national third-party provider to update FICO credit scores for home equity loans and lines of credit and residential real estate loans on at least a quarterly basis.", "The updated scores are incorporated into a series of credit management reports, which are utilized to monitor the risk in the loan classes.", "LTV (inclusive of combined loan-to-value (CLTV) ratios for second lien positions): At least semi-annually, we update the property values of real estate collateral and calculate an updated LTV ratio.", "For open-end credit lines secured by real estate in regions experiencing significant declines in property values, more frequent valuations may occur.", "We examine LTV migration and stratify LTV into categories to monitor the risk in the loan classes.", "Historically, we used, and we continue to use, a combination of original LTV and updated LTV for internal risk management reporting and risk management purposes (e. g. , line management, loss mitigation strategies).", "In addition to the fact that estimated property values by their nature are estimates, given certain data limitations it is important to note that updated LTVs may be based upon management’s assumptions (e. g. , if an updated LTV is not provided by the third-party service provider, home price index (HPI) changes will be incorporated in arriving at management’s estimate of updated LTV).", "Geography: Geographic concentrations are monitored to evaluate and manage exposures.", "Loan purchase programs are sensitive to, and focused within, certain regions to manage geographic exposures and associated risks.", "ITEM 5 – MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES (a) (1) Our common stock is listed on the New York Stock Exchange and is traded under the symbol “PNC.", "” At the close of business on February 15, 2013, there were 75,100 common shareholders of record.", "Holders of PNC common stock are entitled to receive dividends when declared by the Board of Directors out of funds legally available for this purpose.", "Our Board of Directors may not pay or set apart dividends on the common stock until dividends for all past dividend periods on any series of outstanding preferred stock have been paid or declared and set apart for payment.", "The Board presently intends to continue the policy of paying quarterly cash dividends.", "The amount of any future dividends will depend on economic and market conditions, our financial condition and operating results, and other factors, including contractual restrictions and applicable government regulations and policies (such as those relating to the ability of bank and non\u0002bank subsidiaries to pay dividends to the parent company and regulatory capital limitations).", "The amount of our dividend is also currently subject to the results of the Federal Reserve’s 2013 Comprehensive Capital Analysis and Review (CCAR) as part of its supervisory assessment of capital adequacy described under “Supervision and Regulation” in Item 1 of this Report.", "The Federal Reserve has the power to prohibit us from paying dividends without its approval.", "For further information concerning dividend restrictions and restrictions on loans, dividends or advances from bank subsidiaries to the parent company, see “Supervision and Regulation” in Item 1 of this Report, “Funding and Capital Sources” in the Consolidated Balance Sheet Review section, “Liquidity Risk Management” in the Risk Management section, and “Trust Preferred Securities” in the Off-Balance Sheet Arrangements And Variable Interest Entities section of Item 7 of this Report, and Note 14 Capital Securities of Subsidiary Trusts and Perpetual Trust Securities and Note 22 Regulatory Matters in the Notes To Consolidated Financial Statements in Item 8 of this Report, which we include here by reference.", "We include here by reference additional information relating to PNC common stock under the caption “Common Stock Prices/Dividends Declared” in the Statistical Information (Unaudited) section of Item 8 of this Report.", "We include here by reference the information regarding our compensation plans under which PNC equity securities are authorized for issuance as of December 31, 2012 in the table (with introductory paragraph and notes) that appears in Item 12 of this Report.", "Our registrar, stock transfer agent, and dividend disbursing agent is: Computershare Trust Company, N. A.250 Royall Street Canton, MA 02021 800-982-7652 We include here by reference the information that appears under the caption “Common Stock Performance Graph” at the end of this Item 5.", "(a)(2) None.", "(b) Not applicable.", "(c) Details of our repurchases of PNC common stock during the fourth quarter of 2012 are included in the following table: In thousands, except per share data", "|2012 period (a)|Total sharespurchased (b)|Averagepricepaid pershare|Total sharespurchased aspartofpubliclyannouncedprograms (c)|Maximumnumber ofshares thatmay yet bepurchasedundertheprograms (c)|\n|October 1 – 31|13|$60.05||22,552|\n|November 1 – 30|750|$55.08|750|21,802|\n|December 1 – 31|292|$55.74|251|21,551|\n|Total|1,055|$55.32|1,001||\n", "(a) In addition to the repurchases of PNC common stock during the fourth quarter of 2012 included in the table above, PNC redeemed all 5,001 shares of its Series M Preferred Stock on December 10, 2012 as further described below.", "As part of the National City transaction, we established the PNC Non-Cumulative Perpetual Preferred Stock, Series M (the “Series M Preferred Stock”), which mirrored in all material respects the former National City Non-Cumulative Perpetual Preferred Stock, Series E.  On December 10, 2012, PNC issued $500.1 million aggregate liquidation amount (5,001 shares) of the Series M Preferred Stock to the National City Preferred Capital Trust I (the “Trust”) as required pursuant to the settlement of a Stock Purchase Contract Agreement between the Trust and PNC dated as of January 30, 2008.", "Immediately upon such issuance, PNC redeemed all 5,001 shares of the Series M Preferred Stock from the Trust on December 10, 2012 at a redemption price equal to $100,000 per share.", "(b) Includes PNC common stock purchased under the program referred to in note (c) to this table and PNC common stock purchased in connection with our various employee benefit plans.", "Note 15 Employee Benefit Plans and Note 16 Stock Based Compensation Plans in the Notes To Consolidated Financial Statements in Item 8 of this Report include additional information regarding our employee benefit plans that use PNC common stock.", "(c) Our current stock repurchase program allows us to purchase up to 25 million shares on the open market or in privately negotiated transactions.", "This program was authorized on October 4, 2007 and will remain in effect until fully utilized or until modified, superseded or terminated.", "The extent and timing of share repurchases under this program will depend on a number of factors including, among others, market and general economic conditions, economic capital and regulatory capital considerations, alternative uses of capital, the potential impact on our credit ratings, and contractual and regulatory limitations, including the impact of the Federal Reserve’s supervisory assessment of capital adequacy program."], "table_evidence": [27], "paragraph_evidence": [26], "source": "multihiertt", "original_question_id": "7bdaba65bd6745c2b9c871578ab55fb7"}
{"question": "In the year with lowest amount of Sales Commissions, what's the increasing rate of Occupancy and Equipment?", "python_solution": "def solution():\n    # Define variables name and value\n    occupancy_and_equipment_2009 = 79072\n    occupancy_and_equipment_2008 = 73253\n    \n    # Do math calculation to get the answer\n    difference = occupancy_and_equipment_2009 - occupancy_and_equipment_2008\n    answer = (difference / occupancy_and_equipment_2008) * 100\n    \n    return answer", "ground_truth": 7.943701964424665, "question_id": "simplong-testmini-24", "paragraphs": ["Table of Contents Mac The following table presents Mac net sales and unit sales information for 2014, 2013 and 2012 (dollars in millions and units in thousands):", "|| 2014| Change| 2013|Change| 2012|\n|Net sales|$24,079|12%|$21,483|-7%|$23,221|\n|Percentage of total net sales|13%||13%||15%|\n|Unit sales|18,906|16%|16,341|-10%|18,158|\n", "The year-over-year growth in Mac net sales and unit sales for 2014 was primarily driven by increased sales of MacBook Air, MacBook Pro and Mac Pro.", "Mac net sales and unit sales increased in all of the Company’s operating segments.", "Mac ASPs decreased during 2014 compared to 2013 primarily due to price reductions on certain Mac models and a shift in mix towards Mac portable systems.", "Mac net sales and unit sales for 2013 were down or relatively flat in all of the Company’s operating segments.", "Mac ASPs increased slightly partially offsetting the impact of lower unit sales on net sales.", "The decline in Mac unit sales and net sales reflected the overall weakness in the market for personal computers.", "iTunes, Software and Services The following table presents net sales information of iTunes, Software and Services for 2014, 2013 and 2012 (dollars in millions):", "|| 2014| Change| 2013| Change| 2012|\n|iTunes, Software and Services|$18,063|13%|$16,051|25%|$12,890|\n|Percentage of total net sales|10%||9%||8%|\n", "The increase in net sales of iTunes, Software and Services in 2014 compared to 2013 was primarily due to growth in net sales from the iTunes Store, AppleCare and licensing.", "The iTunes Store generated a total of $10.2 billion in net sales during 2014 compared to $9.3 billion during 2013.", "Growth in net sales from the iTunes Store was driven by increases in revenue from app sales reflecting continued growth in the installed base of iOS devices and the expanded offerings of iOS Apps and related in-App purchases.", "This was partially offset by a decline in sales of digital music.", "The increase in net sales of iTunes, Software and Services in 2013 compared to 2012 was primarily due to growth in net sales from the iTunes Store, AppleCare and licensing.", "The iTunes Store generated a total of $9.3 billion in net sales during 2013, a 24% increase from 2012.", "Growth in the iTunes Store, which includes the App Store, the Mac App Store and the iBooks Store, reflected continued growth in the installed base of iOS devices, expanded offerings of iOS Apps and related in-App purchases, and expanded offerings of iTunes digital content.", "Segment Operating Performance The Company manages its business primarily on a geographic basis.", "Accordingly, the Company determined its reportable operating segments, which are generally based on the nature and location of its customers, to be the Americas, Europe, Greater China, Japan, Rest of Asia Pacific and Retail.", "The Americas segment includes both North and South America.", "The Europe segment includes European countries, as well as India, the Middle East and Africa.", "The Greater China segment includes China, Hong Kong and Taiwan.", "The Rest of Asia Pacific segment includes Australia and Asian countries, other than those countries included in the Company’s other operating segments.", "The results of the Company’s geographic segments do not include results of the Retail segment.", "Each operating segment provides similar hardware and software products and similar services.", "Further information regarding the Company’s operating segments may be found in Part II, Item 8 of this Form 10-K in the Notes to Consolidated Financial Statements in Note 11, “Segment Information and Geographic Data.", "”", "KIMCO REALTY CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED Noncontrolling interests also includes 138,015 convertible units issued during 2006, by the Company, which are valued at approximately $5.3 million, including a fair market value adjustment of $0.3 million, related to an interest acquired in an office building located in Albany, NY.", "These units are redeemable at the option of the holder after one year for cash or at the option of the Company for the Company’s common stock at a ratio of 1:1.", "The holder is entitled to a distribution equal to the dividend rate of the Company’s common stock.", "The Company is restricted from disposing of these assets, other than through a tax free transaction, until January 2017.", "The following table presents the change in the redemption value of the Redeemable noncontrolling interests for the year ended December 31, 2009 and December 31, 2008 (amounts in thousands):", "||2009|2008|\n|Balance at January 1,|$115,853|$173,592|\n|Unit redemptions|-14,889|-55,110|\n|Fair market value amortization|-571|-2,524|\n|Other|-89|-105|\n|Balance at December 31,|$100,304|$115,853|\n", "16.", "Fair Value Disclosure of Financial Instruments: All financial instruments of the Company are reflected in the accompanying Consolidated Balance Sheets at amounts which, in management’s estimation based upon an interpretation of available market information and valuation methodologies, reasonably approximate their fair values except those listed below, for which fair values are reflected.", "The valuation method used to estimate fair value for fixed-rate and variable-rate debt and noncontrolling interests relating to mandatorily redeemable noncontrolling interests associated with finite-lived subsidiaries of the Company is based on discounted cash flow analyses, with assumptions that include credit spreads, loan amounts and debt maturities.", "The fair values for marketable securities are based on published or securities dealers’ estimated market values.", "Such fair value estimates are not necessarily indicative of the amounts that would be realized upon disposition.", "The following are financial instruments for which the Company’s estimate of fair value differs from the carrying amounts (in thousands):", "||December 31, 2009 Carrying Amounts|Estimated Fair Value|2008 Carrying Amounts|Estimated Fair Value|\n|Marketable Securities|$209,593|$204,006|$258,174|$218,786|\n|Notes Payable|$3,000,303|$3,099,139|$3,440,819|$2,766,187|\n|Mortgages Payable|$1,388,259|$1,377,224|$847,491|$838,503|\n|Construction Payable|$45,821|$44,725|$268,337|$262,485|\n|Mandatorily Redeemable Noncontrolling Interests(termination dates ranging from 2019 – 2027)|$2,768|$5,256|$2,895|$5,444|\n", "The Company has certain financial instruments that must be measured under the FASB’s Fair Value Measurements and Disclosures guidance, including: available for sale securities, convertible notes and derivatives.", "The Company currently does not have non-financial assets and non-financial liabilities that are required to be measured at fair value on a recurring basis.", "As a basis for considering market participant assumptions in fair value measurements, the FASB’s Fair Value Measurements and Disclosures guidance establishes a fair value hierarchy that distinguishes between market participant assumptions based on market data obtained from sources independent of the reporting entity (observable inputs that are classified within Levels 1 and 2 of the hierarchy) and the reporting entity’s own assumptions about market participant assumptions (unobservable inputs classified within Level 3 of the hierarchy).", "Net interest on the stock loan/borrow business decreased 38% due to decreased rates and balances despite a focus on hard-to-locate securities.", "Other interest revenue and expense include earnings on corporate cash and inventory balances, and interest expense on overnight borrowings, our senior notes issued in August, 2009 and the mortgage on our headquarters facility.", "Results of Operations - Private Client Group The following table presents consolidated financial information for our PCG segment for the years indicated:", "||Year Ended|\n||September 30, 2009|% Incr. (Decr.)|September 30, 2008|% Incr. (Decr.)|September 30, 2007|\n||($ in 000's)|\n|Revenues:||||||\n|Securities Commissions and Fees|$ 1,262,810|-18%|$ 1,532,290|5%|$ 1,462,323|\n|Interest|65,589|-72%|233,801|-28%|326,601|\n|Financial Service Fees|125,038|-2%|127,304|16%|110,056|\n|Other|104,025|-2%|106,380|20%|88,502|\n|Total Revenues|1,557,462|-22%|1,999,775|1%|1,987,482|\n|Interest Expense|14,891|-89%|141,474|-32%|208,537|\n|Net Revenues|1,542,570|-17%|1,858,301|4%|1,778,945|\n|Non-Interest Expenses:||||||\n|Sales Commissions|929,202|-19%|1,144,727|6%|1,082,457|\n|Admin & Incentive Comp and Benefit Costs|279,666|-4%|289,937|15%|251,684|\n|Communications and Information Processing|58,607|-2%|59,753|7%|55,822|\n|Occupancy and Equipment|79,072|8%|73,253|18%|61,961|\n|Business Development|55,488|-15%|64,992|12%|57,816|\n|Clearance and Other|55,951|18%|47,369|1%|46,983|\n|Total Non-Interest Expenses|1,457,986|-13%|1,680,031|8%|1,556,723|\n|Income Before Taxes and Minority Interest|84,584|-53%|178,270|-20%|222,222|\n|Minority Interest|-289||124||-148|\n|Pre-tax Income|$ 84,873|-52%|$ 178,146|-20%|$ 222,370|\n|Margin on Net Revenues|5.5%||9.6%||12.5%|\n", "Year ended September 30, 2009 Compared with the Year ended September 30, 2008 - Private Client Group PCG revenues were 22% below the prior year, reflecting the impact of the extremely challenging economic and market conditions.", "Commission revenue decreased $269 million, or 18%, from the prior year, with the majority of that decrease experienced by our domestic independent contractor operation.", "Commissions in RJ&A PCG declined only $45 million, or 9%, due to the recruitment of 219 employee financial advisors in fiscal 2009 (for a net increase of 94) and 184 in fiscal 2008 (for a net increase of 114).", "It generally takes newly recruited financial advisors up to two years to reach their previous production levels.", "Average production per employee financial advisor decreased to $417,000 in fiscal 2009, down 19% from the $515,000 attained in fiscal 2008.", "The recruitment of above-average producers did not overcome the negative impact that the steep market decline had on our private clients’ investing activities.", "RJFS and RJFSA recruited 559 independent contractor financial advisors in fiscal 2009 (for a net increase of 129).", "Independent contractor financial advisor average production decreased from $330,000 in fiscal 2008 to $273,000 in fiscal 2009, impacted, like RJ&A, by the challenging economic and market conditions."], "table_evidence": [46], "paragraph_evidence": [45, 47], "source": "multihiertt", "original_question_id": "c8d541d7e0ee4009b2911fed6f276ebf"}
{"question": "In the year with the most Total fixed rate debt, what is the amount of Variable rate debt and total?", "python_solution": "def solution():\n    # Define variables name and value\n    variable_rate_debt = 3051\n    total_fixed_rate_debt = 5291\n\n    # Do math calculation to get the answer\n    answer = variable_rate_debt + total_fixed_rate_debt\n\n    return answer", "ground_truth": 8342.0, "question_id": "simplong-testmini-25", "paragraphs": ["Part II, Item 7 The following table summarizes the activity under these share repurchase programs during 2008, 2007 and 2006:", "|| Total cost of shares purchased | Total number of shares purchased | Average price paid per share |\n|2008|$1,818,841|21,064.7|$86.35|\n|2007|$1,355,000|16,336.1|$82.95|\n|2006|$1,067,842|17,992.7|$59.35|\n", "Given the current credit and economic environment, Schlumberger anticipates that the total dollar amount of stock repurchases in 2009 may be significantly less than the $1.8 billion spent during 2008.", "This anticipated reduction will serve to increase Schlumberger’s financial flexibility during these uncertain times.", "Stock buy-back activity during 2009 will continue to be targeted to offset any dilution caused by the Schlumberger stock-based compensation programs.  ?", "Cash flow provided by operations was $6.9 billion in 2008, $6.3 billion in 2007 and $4.7 billion in 2006.", "These improvements were driven by the revenue and net income increases experienced in 2008 and 2007 offset by required investments in working capital.  ?", "During 2008, 2007 and 2006, Schlumberger announced that its Board of Directors had approved increases in the quarterly dividend of 20%, 40% and 19%, respectively.", "Total dividends paid during 2008, 2007 and 2006 were $964 million, $771 million and $568 million, respectively.  ?", "Capital expenditures were $3.7 billion in 2008, $2.9 billion in 2007 and $2.5 billion in 2006.", "These increases were a result of the increased activity levels experienced in recent years.", "Capital expenditures are expected to approach $3.0 billion in 2009, including $385 million relating to the construction of seismic vessels.  ?", "During 2008, 2007 and 2006 Schlumberger made $290 million, $250 million and $251 million, respectively, of contributions to its defined benefit pension plans.", "The US qualified pension plan was 71% funded at December 31, 2008 based on the projected benefit obligation.", "This compares to 109% funded at December 31, 2007.", "Outside of the US, Schlumberger’s International Staff Pension Plan, which was converted to a defined benefit pension plan during the fourth quarter of 2008 (and therefore accounts for approximately half of the increase in the Postretirement Benefits liability on the Consolidated Balance Sheet at December 31, 2008), and UK pension plan are a combined 69% funded at December 31, 2008 based on the projected benefit obligation.", "The UK pension plan was 92% funded at December 31, 2007.", "Schlumberger currently anticipates contributing approximately $400 million to $500 million to its defined benefit pension plans in 2009, subject to market and business conditions.  ?", "During 2008 and 2007, certain holders of Schlumberger Limited 1.5% Series A Convertible Debentures due June 1, 2023 and 2.125% Series B Convertible Debentures due June 1, 2023 converted their debentures into Schlumberger common stock.", "The following table summarizes these conversions:", "|| 2008 | 2007 |\n|| Conversions | Shares issued | Conversions | Shares issued |\n|1.5% Series A debentures|$353| 9.76|$622|17.19|\n|2.125% Series B debentures|95| 2.36|34|0.85|\n||$448| 12.12|$656|18.04|\n", "Part II, Item 7A The following table represents principal amounts of Schlumberger’s debt at December 31, 2008 by year of maturity:", "|| Expected Maturity Dates |\n|| 2009| 2010| 2011| 2012| 2013| Total|\n| Fixed rate debt|||||||\n|5.25% Guaranteed Bonds (Euro denominated)|||||$714|$714|\n|2.125% Series B Convertible Debentures||$321||||321|\n|5.14% Guaranteed Notes (Canadian dollar denominated)||203||||203|\n|5.875% Guaranteed Bonds (Euro denominated)|||$355|||355|\n|6.5% Notes||||$647||647|\n| Total fixed rate debt|$–|$524|$355|$647|$714|$2,240|\n| Variable rate debt|$1,597|$245|$422|$771|$16|$3,051|\n| Total|$1,597|$769|$777|$1,418|$730|$5,291|\n", "The fair market value of the outstanding fixed rate debt was approximately $2.4 billion as of December 31, 2008.", "The weighted average interest rate on the variable rate debt as of December 31, 2008 was approximately 4.5%.", "Schlumberger does not enter into foreign currency or interest rate derivatives for speculative purposes.", "Forward-looking Statements This Report and other statements we make contain “forward-looking statements” within the meaning of the federal securities laws, which include any statements that are not historical facts, such as our forecasts or expectations regarding business outlook; growth for Schlumberger as a whole and for each of Oilfield Services and WesternGeco (and for specified products or geographic areas within each segment); oil and natural gas demand and production growth; operating margins; operating and capital expenditures as well as research & development spending, by Schlumberger and the oil and gas industry; the business strategies of Schlumberger’s customers; the Schlumberger effective tax rate; Schlumberger’s stock repurchase program; expected pension and post-retirement funding; expected stock compensation costs; exploitation and integration of technology; and future results of operations.", "These statements are subject to risks and uncertainties, including, but not limited to, the current global economic downturn; changes in exploration and production spending by Schlumberger’s customers and changes in the level of oil and natural gas exploration and development; general economic and business conditions in key regions of the world; the financial condition of our suppliers and customers in light of current global economic conditions; operational and project modifications, delays or cancellations; political and economic uncertainty and socio-political unrest; and other risks and uncertainties described elsewhere in this Report, including under “Item 1A.", "Risk Factors”.", "If one or more of these risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected.", "Schlumberger disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.", "Part II, Item 8 Allowance for doubtful accounts is as follows:", "||2010|2009|2008|\n|Balance at beginning of year|$160|$133|$86|\n|Provision|38|54|65|\n|Amounts written off|-13|-27|-18|\n|Balance at end of year|$185|$160|$133|\n", "Discontinued Operations During the fourth quarter of 2009, Schlumberger recorded a net $22 million charge related to the resolution of a customs assessment pertaining to its former offshore contract drilling business, as well as the resolution of certain contingencies associated with other previously disposed of businesses.", "This amount is included in Income (Loss) from Discontinued Operations in the Consolidated Statement of Income.", "During the first quarter of 2008, Schlumberger recorded a gain of $38 million related to the resolution of a contingency associated with a previously disposed of business.", "This gain is included in Income (Loss) from Discon\u0002tinued Operations in the Consolidated Statement of Income."], "table_evidence": [22], "paragraph_evidence": [21], "source": "multihiertt", "original_question_id": "e258d39d9df44652a28ca25d0304b0ed"}
{"question": "What's the average of the Silicon Systems Group in the years where Energy and Environmental Solutions is positive? (in millions)", "python_solution": "def solution():\n    # Define variables name and value\n    silicon_systems_group_2014 = 6132\n    silicon_systems_group_2013 = 5507\n    silicon_systems_group_2012 = 5294\n\n    # Do math calculation to get the answer\n    answer = (silicon_systems_group_2014 + silicon_systems_group_2013 + silicon_systems_group_2012) / 3\n    \n    return answer", "ground_truth": 5644.333333333333, "question_id": "simplong-testmini-26", "paragraphs": ["APPLIED MATERIALS, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) 102 Employee Stock Purchase Plans Under the ESPP, substantially all employees may purchase Applied common stock through payroll deductions at a price equal to 85 percent of the lower of the fair market value of Applied common stock at the beginning or end of each 6-month purchase period, subject to certain limits.", "Based on the Black-Scholes option pricing model, the weighted average estimated fair value of purchase rights under the ESPP was $3.08 per share for the year ended October 27, 2013, $2.73 per share for the year ended October 28, 2012 and $3.03 per share for the year ended October 30, 2011.", "The number of shares issued under the ESPP during fiscal 2013, 2012 and 2011 was 7 million, 7 million and 6 million, respectively.", "At October 27, 2013, there were 40 million available for future issuance under the ESPP.", "Compensation expense is calculated using the fair value of the employees’ purchase rights under the Black-Scholes model.", "Underlying assumptions used in the model for fiscal 2013, 2012 and 2011 are outlined in the following table:", "||2013|2012|2011|\n|ESPP:||||\n|Dividend yield|2.80%|3.01%|2.53%|\n|Expected volatility|24.8%|29.6%|31.1%|\n|Risk-free interest rate|0.09%|0.13%|0.09%|\n|Expected life (in years)|0.5|0.5|0.5|\n", "Note 13 Employee Benefit Plans Employee Bonus Plans Applied has various employee bonus plans.", "A discretionary bonus plan provides for the distribution of a percentage of pre\u0002tax income to Applied employees who are not participants in other performance-based incentive plans, up to a maximum percentage of eligible compensation.", "Other plans provide for bonuses to Applied’s executives and other key contributors based on the achievement of profitability and/or other specified performance criteria.", "Charges under these plans were $269 million for fiscal 2013, $271 million for fiscal 2012, and $319 million charges for fiscal 2011.", "Employee Savings and Retirement Plan Applied’s Employee Savings and Retirement Plan (the 401(k) Plan) is qualified under Sections 401(a) and (k) of the Internal Revenue Code (the Code).", "Effective as of the close of the stock market on December 31, 2012, the Varian-sponsored 401(k) plan was merged with and into the 401(k) Plan, with the 401(k) Plan being the surviving plan.", "Eligible employees may make salary deferral and catch-up contributions under the 401(k) Plan on a pre-tax basis and/or (effective as of the first payroll period beginning on or after December 22, 2012) on a Roth basis, subject to an annual dollar limit established by the Code.", "Applied matches 100% of participant salary and/or Roth deferral contributions up to the first 3% of eligible contribution and then 50% of every dollar between 4% and 6% of eligible contribution.", "Applied does not make matching contributions on any catch-up contributions made by participants.", "Plan participants who were employed by Applied or any of its affiliates on or after January 1, 2010 became 100% vested in their Applied matching contribution account balances.", "Applied’s matching contributions under the 401(k) Plan were approximately $29 million, net of $1 million in forfeitures for fiscal 2013, $37 million for fiscal 2012 and $27 million for fiscal 2011.", "PART I Item 1: Business Incorporated in 1967, Applied, a Delaware corporation, provides manufacturing equipment, services and software to the global semiconductor, flat panel display, solar photovoltaic (PV) and related industries.", "Applied’s customers include manufacturers of semiconductor wafers and chips, flat panel liquid crystal and other displays, solar PV cells and modules, and other electronic devices.", "These customers may use what they manufacture in their own end products or sell the items to other companies for use in advanced electronic components.", "Applied’s fiscal year ends on the last Sunday in October.", "Applied operates in four reportable segments: Silicon Systems Group, Applied Global Services, Display, and Energy and Environmental Solutions.", "Applied manages its business based upon these segments.", "A summary of financial information for each reportable segment is found in Note 16 of Notes to Consolidated Financial Statements.", "A discussion of factors that could affect operations is set forth under “Risk Factors” in Item 1A, which is incorporated herein by reference.", "Net sales by reportable segment for the past three fiscal years were as follows:", "||2014|2013|2012|\n||(In millions, except percentages)|\n|Silicon Systems Group|$5,978|66%|$4,775|64%|$5,536|64%|\n|Applied Global Services|2,200|24%|2,023|27%|2,285|26%|\n|Display|615|7%|538|7%|473|5%|\n|Energy and Environmental Solutions|279|3%|173|2%|425|5%|\n|Total|$9,072|100%|$7,509|100%|$8,719|100%|\n", "Silicon Systems Group Segment The Silicon Systems Group segment develops, manufactures and sells manufacturing equipment used to fabricate semiconductor chips, also referred to as integrated circuits (ICs).", "Most chips are built on a silicon wafer base and include a variety of circuit components, such as transistors and other devices, that are connected by multiple layers of wiring (interconnects).", "Applied offers systems that perform various processes used in chip fabrication, including chemical vapor deposition (CVD), physical vapor deposition (PVD), etch, electrochemical deposition (ECD), rapid thermal processing (RTP), ion implantation, chemical mechanical planarization (CMP), epitaxy (Epi), wet cleaning, atomic layer deposition (ALD), wafer metrology and inspection, and systems that etch or inspect circuit patterns on masks used in the photolithography process.", "Applied’s semiconductor manufacturing systems are used by integrated device manufacturers and foundries to build and package memory, logic and other types of chips.", "The majority of the Company's new equipment sales are for leading-edge technology for advanced 2X nanometer (nm) nodes and smaller dimensions.", "To build a chip, the transistors, capacitors and other circuit components are first created on the surface of the wafer by performing a series of processes to deposit and selectively remove portions of successive film layers.", "Similar processes are then used to build the layers of wiring structures on the wafer.", "As the density of the circuit components increases to enable greater computing capability in the same or smaller physical area, the complexity of building the chip also increases, necessitating more process steps to form smaller transistor structures and more intricate wiring schemes.", "Advanced chip designs require more than 500 steps involving these and other processes to complete the manufacturing cycle.", "APPLIED MATERIALS, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) The following table summarizes information with respect to options outstanding and exercisable at October 26, 2014:", "||Options Outstanding|Options Exercisable|\n|Range ofExercise Prices|Number ofShares (In millions)|WeightedAverageExercisePrice|WeightedAverageRemainingContractualLife (In years)|AggregateIntrinsicValue (In millions)|Number ofShares (In millions)|WeightedAverageExercisePrice|AggregateIntrinsicValue (In millions)|\n|$3.36 — $9.99|1|$5.31|1.81|$12|1|$5.30|$12|\n|$10.00 — $15.06|1|$14.96|5.59|7|—|$14.71|2|\n||2|$10.87|3.99|$19|1|$7.97|$14|\n|Options exercisable and expected to become exercisable|2|$10.87|3.99|$19||||\n", "Option prices at the lower end of the range were principally attributable to stock options assumed in connection with the Varian acquisition in fiscal year 2012.", "Restricted Stock Units, Restricted Stock, Performance Shares and Performance Units Restricted stock units are converted into shares of Applied common stock upon vesting on a one-for-one basis.", "Restricted stock has the same rights as other issued and outstanding shares of Applied common stock except these shares generally have no right to dividends and are held in escrow until the award vests.", "Performance shares and performance units are awards that result in a payment to a grantee, generally in shares of Applied common stock on a one-for-one basis if performance goals and/or other vesting criteria established by the Human Resources and Compensation Committee of Applied's Board of Directors (the Committee) are achieved or the awards otherwise vest.", "Restricted stock units, restricted stock, performance shares and performance units typically vest over four years and vesting is usually subject to the grantee’s continued service with Applied and, in some cases, achievement of specified performance goals.", "The compensation expense related to the service-based awards is determined using the fair market value of Applied common stock on the date of the grant, and the compensation expense is recognized over the vesting period.", "Restricted stock, performance shares and performance units granted to certain executive officers are subject to the achievement of specified performance goals (performance-based awards).", "These performance-based awards become eligible to vest only if performance goals are achieved and then actually will vest only if the grantee remains employed by Applied through each applicable vesting date.", "These performance-based awards require the achievement of targeted levels of adjusted annual operating profit margin.", "For the fiscal 2013 performance-based awards, additional shares become eligible for time-based vesting if Applied achieves certain levels of total shareholder return (TSR) relative to a peer group, comprised of companies in the Standard & Poor's 500 Information Technology Index, measured at the end of a two-year period.", "The fair value of these performance-based awards is estimated on the date of grant and assumes that the specified performance goals will be achieved.", "If the goals are achieved, these awards vest over a specified remaining service period of generally three or four years, provided that the grantee remains employed by Applied through each scheduled vesting date.", "If the performance goals are not met as of the end of the performance period, no compensation expense is recognized and any previously recognized compensation expense is reversed.", "The expected cost of each award is reflected over the service period and is reduced for estimated forfeitures.", "Fiscal 2012 was characterized by significant fluctuations in demand for semiconductor equipment, coupled with an extremely weak market environment for display and solar equipment.", "Applied completed its acquisition of Varian Semiconductor Equipment Associates, Inc.  (Varian) in the first quarter of fiscal 2012.", "Mobility was the greatest influence on semiconductor industry spending in fiscal 2012.", "Investment levels for display equipment were low in fiscal 2012 due to decreased capacity requirements for larger flat panel televisions, while demand for mobility products, such as smartphones and tablets, significantly influenced equipment spending.", "In the solar industry, fiscal 2012 was characterized by excess manufacturing capacity, which led to significantly reduced demand for crystalline-silicon (c-Si) equipment, as well as weak operating performance and outlook.", "New Orders New orders by reportable segment for the past three fiscal years were as follows:", "||2014|Change2014 over 2013|2013|Change2013 over 2012|2012|\n||(In millions, except percentages)|\n|Silicon Systems Group|$6,132|64%|11%|$5,507|65%|4%|$5,294|66%|\n|Applied Global Services|2,433|25%|16%|2,090|25%|-8%|2,274|28%|\n|Display|845|9%|20%|703|8%|157%|274|4%|\n|Energy and Environmental Solutions|238|2%|43%|166|2%|-15%|195|2%|\n|Total|$9,648|100%|14%|$8,466|100%|5%|$8,037|100%|\n", "New orders increased in fiscal 2014 from fiscal 2013 across all segments, primarily due to higher demand for semiconductor equipment, semiconductor spares and services, and display equipment.", "New orders for the Silicon Systems Group and Applied Global Services continued to comprise a majority of Applied's consolidated total new orders.", "New orders for fiscal 2013 increased compared to fiscal 2012, primarily due to a recovery in demand for display manufacturing equipment and increased demand in semiconductor equipment, partially offset by lower demand for service products, as well as depressed demand for c-Si solar equipment due to excess manufacturing capacity in the solar industry.", "New orders by geographic region, determined by the product shipment destination specified by the customer, were as follows:", "||2014|Change2014 over 2013|2013|Change2013 over 2012|2012|\n||(In millions, except percentages)|\n|Taiwan|$2,740|28%|-5%|$2,885|34%|34%|$2,155|27%|\n|China|1,517|16%|13%|1,339|16%|232%|403|5%|\n|Korea|1,086|11%|19%|915|11%|-49%|1,784|22%|\n|Japan|1,031|11%|25%|822|10%|37%|600|7%|\n|Southeast Asia|412|4%|17%|351|4%|24%|283|4%|\n|Asia Pacific|6,786|70%|8%|6,312|75%|21%|5,225|65%|\n|United States|2,200|23%|55%|1,419|17%|-29%|1,995|25%|\n|Europe|662|7%|-10%|735|8%|-10%|817|10%|\n|Total|$9,648|100%|14%|$8,466|100%|5%|$8,037|100%|\n", "The changes in new orders from customers in the United States, Japan, Taiwan and Korea for fiscal 2014 compared to fiscal 2013 primarily reflected changes in customers mix in the Silicon Systems Group, while the increase in new orders from China resulted from increased demand from display manufacturing equipment.", "The recovery in demand for display manufacturing equipment in fiscal 2013 led to the increase in new orders from customers in China.", "The change in the composition of new orders from customers in Taiwan, Korea, Japan and the United States was primarily related to changes in customer demand for semiconductor equipment.", "New Term Loan A Facility, with the remaining unpaid principal amount of loans under the New Term Loan A Facility due and payable in full at maturity on June 6, 2021.", "Principal amounts outstanding under the New Revolving Loan Facility are due and payable in full at maturity on June 6, 2021, subject to earlier repayment pursuant to the springing maturity date described above.", "In addition to paying interest on outstanding principal under the borrowings, we are obligated to pay a quarterly commitment fee at a rate determined by reference to a total leverage ratio, with a maximum commitment fee of 40% of the applicable margin for Eurocurrency loans.", "In July 2016, Breakaway Four, Ltd. , as borrower, and NCLC, as guarantor, entered into a Supplemental Agreement, which amended the Breakaway four loan to, among other things, increase the aggregate principal amount of commitments under the multi-draw term loan credit facility from €590.5 million to €729.9 million.", "In June 2016, we took delivery of Seven Seas Explorer.", "To finance the payment due upon delivery, we had export credit financing in place for 80% of the contract price.", "The associated $373.6 million term loan bears interest at 3.43% with a maturity date of June 30, 2028.", "Principal and interest payments shall be paid semiannually.", "In December 2016, NCLC issued $700.0 million aggregate principal amount of 4.750% senior unsecured notes due December 2021 (the ¡°Notes¡±) in a private offering (the ¡°Offering¡±) at par.", "NCLC used the net proceeds from the Offering, after deducting the initial purchasers¡¯ discount and estimated fees and expenses, together with cash on hand, to purchase its outstanding 5.25% senior notes due 2019 having an aggregate outstanding principal amount of $680 million.", "The redemption of the 5.25% senior notes due 2019 was completed in January 2017.", "NCLC will pay interest on the Notes at 4.750% per annum, semiannually on June 15 and December 15 of each year, commencing on June 15, 2017, to holders of record at the close of business on the immediately preceding June 1 and December 1, respectively.", "NCLC may redeem the Notes, in whole or part, at any time prior to December 15, 2018, at a price equal to 100% of the principal amount of the Notes redeemed plus accrued and unpaid interest to, but not including, the redemption date and a ¡°make-whole premium.", "¡± NCLC may redeem the Notes, in whole or in part, on or after December 15, 2018, at the redemption prices set forth in the indenture governing the Notes.", "At any time (which may be more than once) on or prior to December 15, 2018, NCLC may choose to redeem up to 40% of the aggregate principal amount of the Notes at a redemption price equal to 104.750% of the face amount thereof with an amount equal to the net proceeds of one or more equity offerings, so long as at least 60% of the aggregate principal amount of the Notes issued remains outstanding following such redemption.", "The indenture governing the Notes contains covenants that limit NCLC¡¯s ability (and its restricted subsidiaries¡¯ ability) to, among other things: (i) incur or guarantee additional indebtedness or issue certain preferred shares; (ii) pay dividends and make certain other restricted payments; (iii) create restrictions on the payment of dividends or other distributions to NCLC from its restricted subsidiaries; (iv) create liens on certain assets to secure debt; (v) make certain investments; (vi) engage in transactions with affiliates; (vii) engage in sales of assets and subsidiary stock; and (viii) transfer all or substantially all of its assets or enter into merger or consolidation transactions.", "The indenture governing the Notes also provides for events of default, which, if any of them occurs, would permit or require the principal, premium (if any), interest and other monetary obligations on all of the then-outstanding Notes to become due and payable immediately.", "Interest expense, net for the year ended December 31, 2016 was $276.9 million which included $34.7 million of amortization of deferred financing fees and a $27.7 million loss on extinguishment of debt.", "Interest expense, net for the year ended December 31, 2015 was $221.9 million which included $36.7 million of amortization of deferred financing fees and a $12.7 million loss on extinguishment of debt.", "Interest expense, net for the year ended December 31, 2014 was $151.8 million which included $32.3 million of amortization of deferred financing fees and $15.4 million of expenses related to financing transactions in connection with the Acquisition of Prestige.", "Certain of our debt agreements contain covenants that, among other things, require us to maintain a minimum level of liquidity, as well as limit our net funded debt-to-capital ratio, maintain certain other ratios and restrict our ability to pay dividends.", "Substantially all of our ships and other property and equipment are pledged as collateral for certain of our debt.", "We believe we were in compliance with these covenants as of December 31, 2016.", "The following are scheduled principal repayments on long-term debt including capital lease obligations as of December 31, 2016 for each of the next five years (in thousands):"], "table_evidence": [59], "paragraph_evidence": [58], "source": "multihiertt", "original_question_id": "eff05dae264e4be8916008cd21fdc505"}
{"question": "What is the total amount of Operating earnings of 2008, and FUNDED STATUS CHANGE IN PLAN ASSETS of Con Edison 2013 ?", "python_solution": "def solution():\n    # Define variables name and value\n    operating_earnings_2008 = 1021.0\n    funded_status_change_in_plan_assets_con_edison_2013 = 1442.0\n    \n    # Do math calculation to get the answer\n    answer = operating_earnings_2008 + funded_status_change_in_plan_assets_con_edison_2013\n    \n    return answer", "ground_truth": 2463.0, "question_id": "simplong-testmini-27", "paragraphs": ["(a) Relates to an increase in CECONY’s pension obligation of $45 million from a 1999 special retirement program.", "Funded Status The funded status at December 31, 2015, 2014 and 2013 was as follows:", "||Con Edison|CECONY|\n|(Millions of Dollars)|2015|2014|2013|2015|2014|2013|\n|CHANGE IN PROJECTED BENEFIT OBLIGATION|||||||\n|Projected benefit obligation at beginning of year|$15,081|$12,197|$13,406|$14,137|$11,429|$12,572|\n|Service cost – excluding administrative expenses|293|221|259|274|206|241|\n|Interest cost on projected benefit obligation|575|572|537|538|536|503|\n|Net actuarial (gain)/loss|-996|2,641|-1,469|-931|2,484|-1,388|\n|Plan amendments|—|6|—|—|—|—|\n|Benefits paid|-576|-556|-536|-536|-518|-499|\n|PROJECTED BENEFIT OBLIGATION AT END OF YEAR|$14,377|$15,081|$12,197|$13,482|$14,137|$11,429|\n|CHANGE IN PLAN ASSETS|||||||\n|Fair value of plan assets at beginning of year|$11,495|$10,755|$9,135|$10,897|$10,197|$8,668|\n|Actual return on plan assets|126|752|1,310|118|715|1,241|\n|Employer contributions|750|578|879|697|535|819|\n|Benefits paid|-576|-556|-536|-536|-518|-499|\n|Administrative expenses|-36|-34|-33|-35|-32|-32|\n|FAIR VALUE OF PLAN ASSETS AT END OF YEAR|$11,759|$11,495|$10,755|$11,141|$10,897|$10,197|\n|FUNDED STATUS|$-2,618|$-3,586|$-1,442|$-2,341|$-3,240|$-1,232|\n|Unrecognized net loss|$3,909|$4,888|$2,759|$3,704|$4,616|$2,617|\n|Unrecognized prior service costs|16|20|17|3|4|6|\n|Accumulated benefit obligation|12,909|13,454|11,004|12,055|12,553|10,268|\n", "The decrease in the pension plan’s projected benefit obligation (due primarily to increased discount rates) was the primary cause of the decreased pension liability at Con Edison and CECONY of $968 million and $899 million, respectively, compared with December 31, 2014.", "For Con Edison, this decrease in pension liability corresponds with a decrease to regulatory assets of $967 million for unrecognized net losses and unrecognized prior service costs associated with the Utilities consistent with the accounting rules for regulated operations, a credit to OCI of $10 million (net of taxes) for the unrecognized net losses, and an immaterial change to OCI (net of taxes) for the unrecognized prior service costs associated with the competitive energy businesses and O&R’s New Jersey and Pennsylvania utility subsidiaries.", "For CECONY, the decrease in pension liability corresponds with a decrease to regulatory assets of $911 million for unrecognized net losses and unrecognized prior service costs consistent with the accounting rules for regulated operations, a credit to OCI of $1 million (net of taxes) for unrecognized net losses, and an immaterial change to OCI (net of taxes) for the unrecognized prior service costs associated with the competitive energy businesses.", "A portion of the unrecognized net loss and prior service cost for the pension plan, equal to $603 million and $4 million, respectively, will be recognized from accumulated OCI and the regulatory asset into net periodic benefit cost over the next year for Con Edison.", "Included in these amounts are $570 million and $2 million, respectively, for CECONY.", "At December 31, 2015 and 2014, Con Edison’s investments include $243 million and $225 million, respectively, held in external trust accounts for benefit payments pursuant to the supplemental retirement plans.", "Included in these amounts for CECONY were $221 million and $208 million, respectively.", "See Note P.  The accumulated benefit obligations for the supplemental retirement plans for Con Edison and CECONY were $285 million and $249 million as of December 31, 2015 and $289 million and $250 million as of December 31, 2014, respectively", "Contract options in our defense businesses represent agreements to perform additional work beyond the products and services associated with firm contracts, if the customer exercises the option.", "These options are negotiated in conjunction with a firm contract and provide the terms under which the customer may elect to procure additional units or serv\u0002ices at a future date.", "Contract options in the Aerospace group represent options to purchase new aircraft and long-term agreements with fleet customers.", "We recognize options in backlog when the customer exercises the option and establishes a firm order.", "On December 31, 2009, the estimated potential value associated with these IDIQ contracts and contract options was approximately $17.6 billion, up from $16.8 billion at the end of 2008.", "This represents our estimate of the potential value we will receive.", "The actual amount of funding received in the future may be higher or lower.", "We expect to realize this value over the next 10 to 15 years.", "REVIEW OF OPERATING SEGMENTS AEROSPACE Review of 2009 vs.  2008", "| Year Ended December 31|2009|2008|Variance|\n|Revenues|$5,171|$5,512|$-341|-6.2%|\n|Operating earnings|707|1,021|-314|-30.8%|\n|Operating margin|13.7%|18.5%|||\n|Gulfstream aircraft deliveries (in units):|||||\n|Green|94|156|-62|-39.7%|\n|Completion|110|152|-42|-27.6%|\n", "The Aerospace group’s revenues decreased in 2009, the net result of a 24 percent decline in Gulfstream revenues that was offset in part by revenues from Jet Aviation, which we acquired in the fourth quarter of 2008.", "The combination of the global economic deterioration and credit crisis along with negative business-jet rhetoric had a significant impact on the business-jet market in 2009.", "To adjust to the economic conditions and weakened demand, we reduced Gulfstream’s 2009 aircraft production and delivery schedule, primarily in the group’s mid\u0002size models, to bridge the market downturn.", "This included a five-week furlough at the group’s production center in Savannah, Georgia, in July and August.", "As a result, aircraft-manufacturing revenues decreased 28 percent in 2009 compared with 2008.", "The economic environment also impacted the group’s aircraft services business.", "Organic aircraft\u0002services revenues were down 15 percent in 2009 resulting from reduced flying hours and customer deferral of aircraft maintenance.", "The decline in aircraft manufacturing and services revenues was slightly offset by higher pre-owned aircraft revenues in 2009.", "The group sold six pre-owned aircraft for $124 in 2009 compared with two sales for $18 in 2008.", "The group’s operating earnings declined in 2009 compared with 2008 due primarily to the factors noted above.", "The components of the reduction in earnings were as follows:", "|Aircraft manufacturing and completions|$-220|\n|Pre-owned aircraft|-18|\n|Aircraft services|1|\n|Other|-77|\n|Total decrease in operating earnings|$-314|\n", "The net decrease in the group’s aircraft manufacturing and comple\u0002tions earnings in 2009 resulted from the reduction in Gulfstream aircraft deliveries offset in part by the addition of Jet Aviation’s aircraft comple\u0002tions and refurbishing business.", "The earnings decline associated with the decreased Gulfstream volume was mitigated by cost-reduction initiatives, a shift in the mix of aircraft deliveries toward large-cabin aircraft, and liq\u0002uidated damages collected on defaulted aircraft contracts.", "As a result, aircraft manufacturing margins increased in 2009 over 2008 despite the decline in volume during the year.", "The group continues to focus on reduc\u0002ing costs through production improvements and operational efficiencies to maintain aircraft-manufacturing margins.", "In late 2008 and early 2009, the supply in the global pre-owned air\u0002craft market increased significantly, putting considerable pressure on pricing.", "As a result, the group wrote down the carrying value of its pre\u0002owned aircraft inventory in 2009.", "Pricing in the pre-owned market appears to have stabilized in the second half of 2009, particularly for large-cabin aircraft.", "The group continues to work to minimize its pre\u0002owned aircraft exposure, with four pre-owned aircraft valued at $60 remaining in inventory at the end of 2009.", "Aircraft services earnings were steady in 2009 compared with 2008 as the addition of Jet Aviation’s maintenance and repair activities, fixed\u0002base operations and aircraft management services offset a decrease in organic aircraft services earnings.", "A significant reduction in flight hours in the business-jet market put competitive pressure on aircraft mainte\u0002nance and repair earnings in 2009.", "The group’s operating earnings also were impacted negatively in 2009 by severance costs associated with workforce reduction activities and intangible asset amortization related to the Jet Aviation acquisition.", "The factors discussed above and the addition of lower-margin Jet Aviation business caused the group’s overall operating margins to decrease 480 basis points in 2009 compared with 2008.", "Overview Vornado Realty Trust (“Vornado”) is a fully-integrated real estate investment trust (“REIT”) and conducts its business through, and substantially all of its interests in properties are held by, Vornado Realty L. P. , a Delaware limited partnership (the “Operating Partnership”).", "Accordingly, Vornado’s cash flow and ability to pay dividends to its shareholders is dependent upon the cash flow of the Operating Partnership and the ability of its direct and indirect subsidiaries to first satisfy their obligations to creditors.", "Vornado is the sole general partner of, and owned approximately 93.5% of the common limited partnership interest in the Operating Partnership at December 31, 2011.", "All references to “we,” “us,” “our,” the “Company” and “Vornado” refer to Vornado Realty Trust and its consolidated subsidiaries, including the Operating Partnership.", "We own and operate office, retail and showroom properties (our “core” operations) with large concentrations of office and retail properties in the New York City metropolitan area and in the Washington, DC / Northern Virginia area.", "In addition, we have a 32.7% interest in Toys “R” Us, Inc.  (“Toys”) which has a significant real estate component, a 32.4% interest in Alexander’s, Inc.  (NYSE: ALX) (“Alexander’s”), which has seven properties in the greater New York metropolitan area, as well as interests in other real estate and related investments.", "Our business objective is to maximize shareholder value, which we measure by the total return provided to our shareholders.", "Below is a table comparing our performance to the Morgan Stanley REIT Index (“RMS”) and the SNL REIT Index (“SNL”) for the following periods ended December 31, 2011:", "| | Total Return-1|\n| | Vornado| RMS| SNL|\n|One-year|-4.6%|8.7%|8.3%|\n|Three-year|40.2%|79.6%|79.9%|\n|Five-year|-25.2%|-7.3%|-3.9%|\n|Ten-year|187.0%|163.2%|175.4%|\n|||||\n||||\n", "We intend to achieve our business objective by continuing to pursue our investment philosophy and executing our operating strategies through: ?", "Maintaining a superior team of operating and investment professionals and an entrepreneurial spirit; ?", "Investing in properties in select markets, such as New York City and Washington, DC, where we believe there is a high likelihood of capital appreciation; ?", "Acquiring quality properties at a discount to replacement cost and where there is a significant potential for higher rents; ?", "Investing in retail properties in select under-stored locations such as the New York City metropolitan area; ?", "Developing and redeveloping existing properties to increase returns and maximize value; and ?", "Investing in operating companies that have a significant real estate component.", "We expect to finance our growth, acquisitions and investments using internally generated funds, proceeds from possible asset sales and by accessing the public and private capital markets.", "We may also offer Vornado common or preferred shares or Operating Partnership units in exchange for property and may repurchase or otherwise reacquire these securities in the future.", "We compete with a large number of real estate property owners and developers, some of which may be willing to accept lower returns on their investments than we are.", "Principal factors of competition include rents charged, attractiveness of location, the quality of the property and the breadth and the quality of services provided.", "Our success depends upon, among other factors, trends of the national, regional and local economies, the financial condition and operating results of current and prospective tenants and customers, availability and cost of capital, construction and renovation costs, taxes, governmental regulations, legislation and population trends.", "See “Risk Factors” in Item 1A for additional information regarding these factors.", "Costs under the Transformational Cost Management Program, which were primarily recorded in selling, general and administrative expenses and included in the fiscal year ended August 31, 2019 were as follows (in millions):"], "table_evidence": [2, 20], "paragraph_evidence": [1], "source": "multihiertt", "original_question_id": "e7a8899814ae446480d9b92145f9f738"}
{"question": "In the year with lowest amount of Other analog, what's the increasing rate of Converters?", "python_solution": "def solution():\n    # Define variables name and value\n    converters_2014 = 1285368\n    converters_2013 = 1180072\n    \n    # Do math calculation to get the answer\n    increase_amount = converters_2014 - converters_2013\n    increase_rate = (increase_amount / converters_2013) * 100\n    \n    return increase_rate", "ground_truth": 8.922845385705278, "question_id": "simplong-testmini-28", "paragraphs": ["The year-to-year increase in communications end market revenue in fiscal 2014 was primarily a result of increased wireless base station deployment activity and, to a lesser extent, an increase in revenue as a result of the Acquisition.", "Industrial end market revenue increased year-over-year in fiscal 2014 as compared to fiscal 2013 as a result of an increase in demand in this end market, which was most significant for products sold into the instrumentation and automation sectors and, to a lesser extent, an increase in revenue as a result of the Acquisition.", "The year-to-year increase in automotive end market revenue in fiscal 2014 was primarily a result of increasing electronic content in vehicles and higher demand for new vehicles.", "The year-to\u0002year decrease in revenue in the consumer end market in fiscal 2014 was primarily the result of the sale of our microphone product line in the fourth quarter of fiscal 2013.", "The year-to-year decrease in revenue in the industrial and consumer end markets in fiscal 2013 was primarily the result of a weak global economic environment and one less week of operations in fiscal 2013 as compared to fiscal 2012.", "Automotive end market revenue increased in fiscal 2013 primarily as a result of increasing electronic content in vehicles.", "Revenue Trends by Product Type The following table summarizes revenue by product categories.", "The categorization of our products into broad categories is based on the characteristics of the individual products, the specification of the products and in some cases the specific uses that certain products have within applications.", "The categorization of products into categories is therefore subject to judgment in some cases and can vary over time.", "In instances where products move between product categories, we reclassify the amounts in the product categories for all prior periods.", "Such reclassifications typically do not materially change the sizing of, or the underlying trends of results within, each product category", "||2014|2013|2012|\n||Revenue|% ofTotalProductRevenue*|Y/Y%|Revenue|% ofTotalProductRevenue*|Revenue|% ofTotalProductRevenue*|\n|Converters|$1,285,368|45%|9%|$1,180,072|45%|$1,192,064|44%|\n|Amplifiers/Radio frequency|806,975|28%|18%|682,759|26%|697,687|26%|\n|Other analog|356,406|12%|-4%|372,281|14%|397,376|15%|\n|Subtotal analog signal processing|2,448,749|85%|10%|2,235,112|85%|2,287,127|85%|\n|Power management & reference|174,483|6%|1%|172,920|7%|182,134|7%|\n|Total analog products|$2,623,232|92%|9%|$2,408,032|91%|$2,469,261|91%|\n|Digital signal processing|241,541|8%|7%|225,657|9%|231,881|9%|\n|Total Revenue|$2,864,773|100%|9%|$2,633,689|100%|$2,701,142|100%|\n", "The sum of the individual percentages does not equal the total due to rounding.", "The year-to-year increase in total revenue in fiscal 2014 as compared to fiscal 2013 was the result of improving demand across most product type categories and the result of the Acquisition, which was partially offset by declines in the other analog product category, primarily as a result of the sale of our microphone product line in the fourth quarter of fiscal 2013.", "The year-to-year decrease in total revenue in fiscal 2013 as compared to fiscal 2012 was the result of one less week of operations in fiscal 2013 as compared to fiscal 2012 and a broad-based decrease in demand across most product type categories.", "Revenue Trends by Geographic Region Revenue by geographic region, based upon the primary location of our customers' design activity for its products, for fiscal 2014, 2013 and 2012 was as follows.", "ANALOG DEVICES, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)", "|Stock Options|2014|2013|2012|\n|Options granted (in thousands)|2,240|2,407|2,456|\n|Weighted-average exercise price|$51.52|$46.40|$39.58|\n|Weighted-average grant-date fair value|$8.74|$7.38|$7.37|\n|Assumptions:||||\n|Weighted-average expected volatility|24.9%|24.6%|28.4%|\n|Weighted-average expected term (in years)|5.3|5.4|5.3|\n|Weighted-average risk-free interest rate|1.7%|1.0%|1.1%|\n|Weighted-average expected dividend yield|2.9%|2.9%|3.0%|\n", "As it relates to our market-based restricted stock units, the Company utilizes the Monte Carlo simulation valuation model to value these awards.", "The Monte Carlo simulation model utilizes multiple input variables that determine the probability of satisfying the performance conditions stipulated in the award grant and calculates the fair market value for the market-based restricted stock units granted.", "The Monte Carlo simulation model also uses stock price volatility and other variables to estimate the probability of satisfying the performance conditions, including the possibility that the market condition may not be satisfied, and the resulting fair value of the award.", "Information pertaining to the Company's market-based restricted stock units and the related estimated assumptions used to calculate the fair value of market-based restricted stock units granted using the Monte Carlo simulation model is as follows:", "|Market-based Restricted Stock Units|2014|\n|Units granted (in thousands)|86|\n|Grant-date fair value|$50.79|\n|Assumptions:||\n|Historical stock price volatility|23.2%|\n|Risk-free interest rate|0.8%|\n|Expected dividend yield|2.8%|\n", "Market-based restricted stock units were not granted during fiscal 2013 or 2012.", "Expected volatility — The Company is responsible for estimating volatility and has considered a number of factors, including third-party estimates.", "The Company currently believes that the exclusive use of implied volatility results in the best estimate of the grant-date fair value of employee stock options because it reflects the market’s current expectations of future volatility.", "In evaluating the appropriateness of exclusively relying on implied volatility, the Company concluded that: (1) options in the Company’s common stock are actively traded with sufficient volume on several exchanges; (2) the market prices of both the traded options and the underlying shares are measured at a similar point in time to each other and on a date close to the grant date of the employee share options; (3) the traded options have exercise prices that are both near-the-money and close to the exercise price of the employee share options; and (4) the remaining maturities of the traded options used to estimate volatility are at least one year.", "Expected term — The Company uses historical employee exercise and option expiration data to estimate the expected term assumption for the Black-Scholes grant-date valuation.", "The Company believes that this historical data is currently the best estimate of the expected term of a new option, and that generally its employees exhibit similar exercise behavior.", "Risk-free interest rate — The yield on zero-coupon U. S.  Treasury securities for a period that is commensurate with the expected term assumption is used as the risk-free interest rate.", "Expected dividend yield — Expected dividend yield is calculated by annualizing the cash dividend declared by the Company’s Board of Directors for the current quarter and dividing that result by the closing stock price on the date of grant.", "Until such time as the Company’s Board of Directors declares a cash dividend for an amount that is different from the current quarter’s cash dividend, the current dividend will be used in deriving this assumption.", "Cash dividends are not paid on options, restricted stock or restricted stock units.", "an adverse development with respect to one claim in 2008 and favorable developments in three cases in 2009.", "Other costs were also lower in 2009 compared to 2008, driven by a decrease in expenses for freight and property damages, employee travel, and utilities.", "In addition, higher bad debt expense in 2008 due to the uncertain impact of the recessionary economy drove a favorable year-over-year comparison.", "Conversely, an additional expense of $30 million related to a transaction with Pacer International, Inc.  and higher property taxes partially offset lower costs in 2009.", "Other costs were higher in 2008 compared to 2007 due to an increase in bad debts, state and local taxes, loss and damage expenses, utility costs, and other miscellaneous expenses totaling $122 million.", "Conversely, personal injury costs (including asbestos-related claims) were $8 million lower in 2008 compared to 2007.", "The reduction reflects improvements in our safety experience and lower estimated costs to resolve claims as indicated in the actuarial studies of our personal injury expense and annual reviews of asbestos-related claims in both 2008 and 2007.", "The year-over-year comparison also includes the negative impact of adverse development associated with one claim in 2008.", "In addition, environmental and toxic tort expenses were $7 million lower in 2008 compared to 2007.", "Non-Operating Items"], "table_evidence": [11], "paragraph_evidence": [-1], "source": "multihiertt", "original_question_id": "7d672b76304d4a65bfd3b8cb0a0f7e6d"}
{"question": "What was the average value of the Cost of goods sold in the years where External net sales is positive?", "python_solution": "def solution():\n    # Define variables name and value\n    cost_of_goods_sold_sum = -130.4 + 131.0\n    number_of_years = 2\n    \n    # Do math calculation to get the answer\n    answer = cost_of_goods_sold_sum / number_of_years\n    \n    return answer", "ground_truth": 0.29999999999999716, "question_id": "simplong-testmini-29", "paragraphs": ["Supplementary Information on Oil and Gas Producing Activities (Unaudited) CONTINUED Summary of Changes in Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves", "|(In millions)|2006|2005|2004|\n|Sales and transfers of oil and gas produced, net of production, transportation and administrative costs|$-5,312|$-3,754|$-2,689|\n|Net changes in prices and production, transportation and administrative costs related to future production|-1,342|6,648|771|\n|Extensions, discoveries and improved recovery, less related costs|1,290|700|1,349|\n|Development costs incurred during the period|1,251|1,030|609|\n|Changes in estimated future development costs|-527|-552|-628|\n|Revisions of previous quantity estimates|1,319|820|948|\n|Net changes in purchases and sales of minerals in place|30|4,557|33|\n|Accretion of discount|1,882|1,124|757|\n|Net change in income taxes|-660|-6,694|-627|\n|Timing and other|-14|307|97|\n|Net change for the year|-2,083|4,186|620|\n|Beginning of year|10,601|6,415|5,795|\n|End of year|$8,518|$10,601|$6,415|\n|Net change for the year from discontinued operations|$-216|$162|$-152|\n", "Information Available on the Company’s Web Site Additional information regarding Snap-on and its products is available on the company’s web site at www.", "snapon.", "com.", "Snap-on is not including the information contained on its web site as a part of, or incorporating it by reference into, this Annual Report on Form 10-K.  Snap-on’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Definitive Proxy Statements on Schedule 14A and Current Reports on Form 8-K, as well as any amendments to those reports, are made available to the public at no charge, other than an investor’s own internet access charges, through the Investor Information section of the company’s web site at www.", "snapon.", "com.", "Snap-on makes such material available on its web site as soon as reasonably practicable after it electronically files such material with, or furnishes it to, the Securities and Exchange Commission (“SEC”).", "Copies of any materials the company files with the SEC can also be obtained free of charge through the SEC’s web site at www.", "sec.", "gov.", "The SEC’s Public Reference Room can be contacted at 100 F Street, N. E. , Washington, D. C.  20549, or by calling 1-800-732-0330.", "In addition, Snap-on’s (i) charters for the Audit, Corporate Governance and Nominating, and Organization and Executive Compensation Committees of the company’s Board of Directors; (ii) Corporate Governance Guidelines; and (iii) Code of Business Conduct and Ethics are available on Snap-on’s web site.", "Snap-on will also post any amendments to these documents, or information about any waivers granted to directors or executive officers with respect to the Code of Business Conduct and Ethics, on the company’s web site at www.", "snapon.", "com.", "Products and Services Tools, Diagnostics and Repair Information, and Equipment Snap-on offers a broad line of products and complementary services that are grouped into three product categories: (i) tools; (ii) diagnostics and repair information; and (iii) equipment.", "Further product line information is not presented as it is not practicable to do so.", "The following table shows the consolidated net sales of these product categories for the last three years:", "||Net Sales|\n|(Amounts in millions)|2012|2011|2010|\n|Product Category:||||\n|Tools|$1,729.4|$1,667.3|$1,545.1|\n|Diagnostics and repair information|619.8|613.7|563.3|\n|Equipment|588.7|573.2|510.8|\n||$2,937.9|$2,854.2|$2,619.2|\n", "The tools product category includes hand tools, power tools and tool storage products.", "Hand tools include wrenches, sockets, ratchet wrenches, pliers, screwdrivers, punches and chisels, saws and cutting tools, pruning tools, torque measuring instruments and other similar products.", "Power tools include cordless (battery), pneumatic (air), hydraulic, and corded (electric) tools, such as impact wrenches, ratchets, chisels, drills, sanders, polishers and similar products.", "Tool storage includes tool chests, roll cabinets, tool control systems and other similar products.", "The majority of products are manufactured by Snap-on and, in completing the product offering, other items are purchased from external manufacturers.", "The diagnostics and repair information product category includes handheld and PC-based diagnostic products, service and repair information products, diagnostic software solutions, electronic parts catalogs, business management systems and services, point-of-sale systems, integrated systems for vehicle service shops, OEM purchasing facilitation services, and warranty management systems and analytics to help OEM dealership service and repair shops manage and track performance.", "The equipment product category includes solutions for the diagnosis and service of vehicles and industrial equipment.", "Products include wheel alignment equipment, wheel balancers, tire changers, vehicle lifts, test lane systems, collision repair equipment, air conditioning service equipment, brake service equipment, fluid exchange equipment, transmission troubleshooting equipment, safety testing equipment, battery chargers and hoists.", "Snap-on supports the sale of its diagnostics and vehicle service shop equipment by offering training programs as well as after sales support for its customers, primarily focusing on the technologies and the application of specific products developed and marketed by Snap-on.", "Management’s Discussion and Analysis of Financial Condition and Results of Operations (continued) Segment gross profit of $105.0 million in the fourth quarter of 2012 decreased $1.4 million from 2011 levels.", "Gross margin of 38.1% in the quarter improved 210 basis points from 36.0% last year primarily due to lower restructuring costs as well as savings from ongoing RCI initiatives, particularly in Europe.", "No restructuring costs were incurred in the fourth quarter of 2012; gross profit in the fourth quarter of 2011 included $2.5 million of restructuring costs.", "Segment operating expenses of $73.1 million in the fourth quarter of 2012 decreased $0.3 million from 2011 levels.", "The operating expense margin of 26.5% in the quarter increased 170 basis points from 24.8% last year primarily as a result of the lower sales.", "As a result of these factors, segment operating earnings of $31.9 million in the fourth quarter of 2012, including $1.2 million of favorable foreign currency effects, decreased $1.1 million, or 3.3%, from 2011 levels.", "Operating margin for the Commercial & Industrial Group of 11.6% in the fourth quarter of 2012 improved 40 basis points from 11.2% last year.", "Snap-on Tools Group", "||Fourth Quarter||\n|(Amounts in millions)|2012|2011|Change|\n|Segment net sales|$321.6|100.0%|$292.8|100.0%|$28.8|9.8%|\n|Cost of goods sold|-185.8|-57.8%|-168.9|-57.7%|-16.9|-10.0%|\n|Gross profit|135.8|42.2%|123.9|42.3%|11.9|9.6%|\n|Operating expenses|-90.2|-28.0%|-84.3|-28.8%|-5.9|-7.0%|\n|Segment operating earnings|$45.6|14.2%|$39.6|13.5%|$6.0|15.2%|\n", "Segment net sales of $321.6 million in the fourth quarter of 2012 increased $28.8 million, or 9.8%, from 2011 levels.", "Excluding $1.4 million of favorable foreign currency translation, organic sales increased $27.4 million, or 9.3%, reflecting high single-digit sales increases across both the company’s U. S.  and international franchise operations.", "Segment gross profit of $135.8 million in the fourth quarter of 2012 increased $11.9 million from 2011 levels.", "Gross margin of 42.2% in the quarter compared with 42.3% last year.", "No restructuring costs were incurred in the fourth quarter of 2012; gross profit in the fourth quarter of 2011 included $0.3 million of restructuring costs.", "Segment operating expenses of $90.2 million in the fourth quarter of 2012 increased $5.9 million from 2011 levels primarily due to higher volume-related and other expenses.", "The operating expense margin of 28.0% in the quarter improved 80 basis points from 28.8% last year primarily due to benefits from sales volume leverage.", "As a result of these factors, segment operating earnings of $45.6 million in the fourth quarter of 2012, including $1.2 million of unfavorable foreign currency effects, increased $6.0 million, or 15.2%, from 2011 levels.", "Operating margin for the Snap-on Tools Group of 14.2% in the fourth quarter of 2012 increased 70 basis points from 13.5% last year.", "Repair Systems & Information Group", "||Fourth Quarter||\n|(Amounts in millions)|2012|2011|Change|\n|External net sales|$194.8|80.6%|$193.0|81.6%|$1.8|0.9%|\n|Intersegment net sales|46.8|19.4%|43.5|18.4%|3.3|7.6%|\n|Segment net sales|241.6|100.0%|236.5|100.0%|5.1|2.2%|\n|Cost of goods sold|-130.4|-54.0%|-131.0|-55.4%|0.6|0.5%|\n|Gross profit|111.2|46.0%|105.5|44.6%|5.7|5.4%|\n|Operating expenses|-55.8|-23.1%|-56.3|-23.8%|0.5|0.9%|\n|Segment operating earnings|$55.4|22.9%|$49.2|20.8%|$6.2|12.6%|\n", "Segment net sales of $241.6 million in the fourth quarter of 2012 increased $5.1 million, or 2.2%, from 2011 levels.", "Excluding $1.6 million of unfavorable foreign currency translation, organic sales increased $6.7 million, or 2.9%, including low single-digit gains in both sales of diagnostics and repair information products to repair shop owners and managers and sales to OEM dealerships."], "table_evidence": [49], "paragraph_evidence": [-1], "source": "multihiertt", "original_question_id": "a5d4ca36f39045a58e272321703b2723"}
{"question": "In the year with largest amount of Product revenue, what's the sum of Product revenue and Service and other revenue ? (in million)", "python_solution": "def solution():\n    # Define variables name and value\n    product_revenue = 811\n    service_and_other_revenue = 968\n    \n    # Do math calculation to get the answer\n    answer = product_revenue + service_and_other_revenue\n    \n    return answer", "ground_truth": 1779.0, "question_id": "simplong-testmini-30", "paragraphs": ["higher in the fiscal 2013 period, including about $100 million for higher staffing expenses, about $60 million for higher advertising and other marketing program expenses, and about $23 million for higher share-based compensation expenses.", "See “Cost of Revenue” and “Operating Expenses” later in this Item 7 for more information.", "Net income from continuing operations increased 8% in fiscal 2013 compared with fiscal 2012 due to higher operating income and lower interest expense due to the repayment of debt in March 2012.", "Diluted net income per share from continuing operations for fiscal 2013 increased 8% to $2.72, in line with the increase in net income compared with fiscal 2012.", "Segment Results The information below is organized in accordance with our three reportable segments.", "All of our segments operate primarily in the United States and sell primarily to customers in the United States.", "International total net revenue was approximately 5% of consolidated total net revenue for all periods presented.", "Segment operating income is segment net revenue less segment cost of revenue and operating expenses.", "Segment expenses do not include certain costs, such as corporate selling and marketing, product development, and general and administrative expenses and share-based compensation expenses, which are not allocated to specific segments.", "These unallocated costs totaled $890 million in fiscal 2014, $809 million in fiscal 2013, and $724 million in fiscal 2012.", "Unallocated costs increased in fiscal 2014 compared with fiscal 2013 and in fiscal 2013 compared with fiscal 2012 due to increases in corporate product development and selling and marketing expenses in support of the growth of our businesses and to a lesser extent due to increases in share-based compensation expenses.", "Segment expenses also do not include amortization of acquired technology, amortization of other acquired intangible assets, and goodwill and intangible asset impairment charges.", "See Note 14 to the financial statements in Item 8 of this Annual Report for reconciliations of total segment operating income to consolidated operating income from continuing operations for each fiscal year presented.", "We calculate revenue growth rates and segment operating margin figures using dollars in thousands.", "Those results may vary slightly from figures calculated using the dollars in millions presented.", "Small Business", "|(Dollars in millions)|Fiscal2014|Fiscal2013|Fiscal2012|2014-2013% Change|2013-2012% Change|\n|Product revenue|$851|$849|$811|||\n|Service and other revenue|1,402|1,208|968|||\n|Total segment revenue|$2,253|$2,057|$1,779|10%|16%|\n|% of total revenue|50%|49%|47%|||\n|Segment operating income|$843|$800|$712|5%|13%|\n|% of related revenue|37%|39%|40%|||\n", "Service and other revenue in our Small Business segment is derived primarily from QuickBooks Online and QuickBooks Online Accountant, our hosted financial and business management offerings; QuickBooks Pro Plus, QuickBooks Premier Plus, and QuickBooks Accountant Plus, our subscription offerings; QuickBooks technical support plans; small business payroll services, including Quickbooks Online Payroll, Intuit Online Payroll, Intuit Full Service Payroll, and QuickBooks Assisted Payroll; payment processing services for small businesses; Demandforce; and QuickBase.", "Product revenue in our Small Business segment is derived primarily from QuickBooks desktop software products, including QuickBooks Pro, QuickBooks Premier, QuickBooks Accountant, and QuickBooks Enterprise Solutions; QuickBooks Basic Payroll and QuickBooks Enhanced Payroll; QuickBooks Point of Sale solutions; ProAdvisor Program subscriptions for the accounting professionals who serve small businesses; and financial supplies.", "As part of our connected services strategy, over the past several quarters we have been focusing Small Business segment resources on the enhancement and marketing of our QuickBooks Online and QuickBooks desktop subscription offerings.", "As a result, QuickBooks desktop license units and revenue have been declining as more customers choose our hosted and subscription offerings and we expect this trend to continue.", "In our payments business we have recently begun focusing resources on core offerings for QuickBooks merchants in support of our small business ecosystem approach.", "Over the next few quarters we anticipate declining revenue for certain non-QuickBooks payments offerings that may slow overall revenue growth in our payments business.", "Fiscal 2014 Compared with Fiscal 2013 Small Business segment total net revenue increased $196 million or 10% in fiscal 2014 compared with fiscal 2013.", "Customer acquisition in our Small Business Online Ecosystem continued to drive Small Business segment revenue growth in fiscal 2014.", "QuickBooks Online customers grew 40%, online payroll customers grew 25%, and active online payments customers grew 4%.", "Online payments charge volume was 24% higher in fiscal 2014 compared with fiscal 2013.", "Annualized recurring revenue (ARR) for our Small Business Online Ecosystem grew 34% in fiscal 2014 compared with fiscal 2013.", "In our Small Business Desktop Ecosystem, revenue from QuickBooks desktop software licenses declined 9% on 10% lower unit sales while revenue from QuickBooks Enterprise Solutions grew 25% and revenue from QuickBooks Plus subscriptions grew 16% in fiscal 2014.", "Revenue for certain non-core payments offerings was lower in fiscal 2014.", "Small Business segment operating income as a percentage of related revenue decreased in fiscal 2014 compared with fiscal 2013.", "The increase in segment revenue described above was partially offset by $73 million in higher staffing expenses due to an increase in headcount and $35 million in higher advertising and other marketing program expenses.", "Fiscal 2013 Compared with Fiscal 2012 Small Business segment total net revenue increased $278 million or 16% in fiscal 2013 compared with fiscal 2012.", "When adjusted to exclude revenue from Demandforce, which we acquired in May 2012, Small Business segment revenue was 12% higher in fiscal 2013.", "Customer acquisition in our Small Business Online Ecosystem drove organic Small Business segment revenue growth in fiscal 2013.", "QuickBooks Online customers grew 28%, online payroll customers grew 18%, and active online payments customers grew 21%.", "Online payments charge volume was 37% higher in fiscal 2013 compared with fiscal 2012.", "In our Small Business Desktop Ecosystem, revenue from QuickBooks desktop software licenses was flat on 6% lower unit sales while revenue from QuickBooks Enterprise Solutions grew 10% and revenue from QuickBooks Plus subscriptions more than doubled in fiscal 2013.", "Small Business segment operating income as a percentage of related revenue decreased slightly in fiscal 2013 compared with fiscal 2012.", "The increase in segment revenue described above was partially offset by higher segment costs and expenses that included costs and expenses for Demandforce.", "Fiscal 2013 staffing expenses were about $100 million higher, driven by an increase in headcount.", "Advertising and other marketing program expenses also increased.", "Consumer", "|(Dollars in millions)|Fiscal2014|Fiscal2013|Fiscal2012|2014-2013% Change|2013-2012% Change|\n|Product revenue|$309|$324|$334|||\n|Service and other revenue|1,522|1,384|1,307|||\n|Total segment revenue|$1,831|$1,708|$1,641|7%|4%|\n|% of total revenue|41%|41%|43%|||\n|Segment operating income|$1,139|$1,035|$965|10%|7%|\n|% of related revenue|62%|61%|59%|||\n", "Our Consumer segment includes our Consumer Tax and Consumer Ecosystem product lines.", "Consumer Tax service and other revenue is derived primarily from TurboTax Online tax return preparation services and electronic tax filing services.", "Consumer Tax product revenue is derived primarily from TurboTax desktop tax return preparation software.", "Consumer Ecosystem product revenue is derived primarily from Quicken desktop personal finance software products.", "Consumer Ecosystem service and other revenue is derived primarily from mobile and online consumer finance offerings as well as from online lead generation fees from our Mint personal finance offerings.", "2.", "Fair Value Measurements Fair Value Hierarchy The authoritative guidance defines fair value as the price that would be received from the sale of an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date.", "When determining fair value, we consider the principal or most advantageous market for an asset or liability and assumptions that market participants would use when pricing the asset or liability.", "In addition, we consider and use all valuation methods that are appropriate in estimating the fair value of an asset or liability.", "The authoritative guidance establishes a fair value hierarchy that is based on the extent and level of judgment used to estimate the fair value of assets and liabilities.", "In general, the authoritative guidance requires us to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.", "An asset or liability’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the measurement of its fair value.", "The three levels of input defined by the authoritative guidance are as follows: ?", "Level 1 uses unadjusted quoted prices that are available in active markets for identical assets or liabilities.  ?", "Level 2 uses inputs other than quoted prices included in Level 1 that are either directly or indirectly observable through correlation with market data.", "These include quoted prices in active markets for similar assets or liabilities: quoted prices for identical or similar assets or liabilities in markets that are not active; and inputs to valuation models or other pricing methodologies that do not require significant judgment because the inputs used in the model, such as interest rates and volatility, can be corroborated by readily observable market data for substantially the full term of the assets or liabilities.  ?", "Level 3 uses one or more unobservable inputs that are supported by little or no market activity and that are significant to the determination of fair value.", "Level 3 assets and liabilities include those whose fair values are determined using pricing models, discounted cash flow methodologies or similar valuation techniques and significant management judgment or estimation.", "Assets and Liabilities Measured at Fair Value on a Recurring Basis The following table summarizes financial assets and financial liabilities that we measured at fair value on a recurring basis at the dates indicated, classified in accordance with the fair value hierarchy described above.", "||At July 31, 2014|At July 31, 2013|\n|(In millions)|Level 1|Level 2|Level 3|TotalFair Value|Level 1|Level 2|Level 3|TotalFair Value|\n|Assets:|||||||||\n|Cash equivalents, primarily money market funds|$652|$—|$—|$652|$917|$—|$—|$917|\n|Available-for-sale debt securities:|||||||||\n|Municipal bonds|—|701|—|701|—|489|—|489|\n|Municipal auction rate securities|—|—|21|21|—|—|33|33|\n|Corporate notes|—|466|—|466|—|269|—|269|\n|U.S. agency securities|—|42|—|42|—|69|—|69|\n|Available-for-sale corporate equity securities|—|—|—|—|33|—|—|33|\n|Total available-for-sale securities|—|1,209|21|1,230|33|827|33|893|\n|Total assets measured at fair value on a recurring basis|$652|$1,209|$21|$1,882|$950|$827|$33|$1,810|\n|Liabilities:|||||||||\n|Senior notes -1|$—|$556|$—|$556|$—|$560|$—|$560|\n", "(1) Carrying value on our balance sheets at July 31, 2014 was $499 million and at July 31, 2013 was $499 million.", "See Note 9.", "Table of Contents VALERO ENERGY CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) Commodity Price Risk We are exposed to market risks related to the volatility in the price of crude oil, refined products (primarily gasoline and distillate), grain (primarily corn), and natural gas used in our operations.", "To reduce the impact of price volatility on our results of operations and cash flows, we use commodity derivative instruments, including futures, swaps, and options.", "We use the futures markets for the available liquidity, which provides greater flexibility in transacting our hedging and trading operations.", "We use swaps primarily to manage our price exposure.", "Our positions in commodity derivative instruments are monitored and managed on a daily basis by a risk control group to ensure compliance with our stated risk management policy that has been approved by our board of directors.", "For risk management purposes, we use fair value hedges, cash flow hedges, and economic hedges.", "In addition to the use of derivative instruments to manage commodity price risk, we also enter into certain commodity derivative instruments for trading purposes.", "Our objective for entering into each type of hedge or trading derivative is described below.", "Fair Value Hedges Fair value hedges are used to hedge price volatility in certain refining inventories and firm commitments to purchase inventories.", "The level of activity for our fair value hedges is based on the level of our operating inventories, and generally represents the amount by which our inventories differ from our previous year-end LIFO inventory levels.", "As of December 31, 2012, we had the following outstanding commodity derivative instruments that were entered into to hedge crude oil and refined product inventories and commodity derivative instruments related to the physical purchase of crude oil and refined products at a fixed price.", "The information presents the notional volume of outstanding contracts by type of instrument and year of maturity (volumes in thousands of barrels)."], "table_evidence": [16, 43], "paragraph_evidence": [-1], "source": "multihiertt", "original_question_id": "0207d7d304404d3c9748f1a2082cf43b"}
{"question": "What's the total amount of the Policyholders’ account balances - investment contracts in the years where Policy loans of Assets greater than 0 for Fair Value? (in million)", "python_solution": "def solution():\n    # Define variables name and value\n    policyholders_account_balance_investment_contracts_2010 = (77254, 78757)\n    policyholders_account_balance_investment_contracts_2009 = (73674, 74353)\n\n    # Do math calculation to get the answer\n    answer = sum(policyholders_account_balance_investment_contracts_2010) + sum(policyholders_account_balance_investment_contracts_2009)\n    \n    return answer", "ground_truth": 304038.0, "question_id": "simplong-testmini-31", "paragraphs": ["PART II Item?7 Management’s Discussion and Analysis of Financial Condition and Results of Operations Valuation and Recoverability of Goodwill Goodwill represented $833,512 and $841,239 of our $30,043,128 and $31,562,466 of total assets as of December 31, 2015 and 2014, respectively.", "We review our goodwill annually in the fourth quarter for impairment, or more frequently if indicators of impairment exist.", "Such indicators include, but are not limited to, significant adverse change in legal factors, adverse action or assessment by a regulator, unanticipated competition, loss of key personnel or a significant decline in our expected future cash flows due to changes in company\u0002specific factors or the broader business climate.", "The evaluation of such factors requires considerable judgment.", "Any adverse change in these factors could have a significant impact on the recoverability of goodwill and could have a material impact on our consolidated financial statements.", "We have concluded that our reporting units for goodwill testing are equivalent to our operating segments.", "Therefore, we test goodwill for impairment at the reporting unit level.", "The following table illustrates the amount of goodwill carried at each reporting unit:", "||December 31,|\n||2015|2014|\n|Assurant Solutions|$529,093|$539,653|\n|Assurant Specialty Property|304,419|301,586|\n|Assurant Health|—|—|\n|Assurant Employee Benefits|—|—|\n|Total|$833,512|$841,239|\n", "In 2015, the Company chose the option to perform qualitative assessments for our Assurant Solutions and Assurant Specialty Property reporting units.", "This option allows us to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount.", "If, after assessing the totality of events or circumstances, an entity determines it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, then performing the two\u0002step impairment test is unnecessary.", "However, if an entity concludes otherwise, then it is required to perform the first step of the two-step impairment test.", "We initially considered the 2014 quantitative analysis performed by the Company whereby it compared the estimated fair value of the Assurant Solutions and Assurant Specialty Property reporting units with their respective net book values (“Step 1”).", "Based on the 2014 Step 1 tests, Assurant Solutions had an estimated fair value that exceeded its net book value by 25.4%, and Assurant Specialty Property had an estimated fair value that exceeded its net book value by 33.3%.", "Based on our qualitative assessments, having considered the factors in totality we determined that it was not necessary to perform a Step 1 quantitative goodwill impairment test for the Assurant Solutions and Assurant Specialty Property reporting units and that it is more-likely-than-not that the fair value of each reporting unit continues to exceed its net book value in 2015.", "Significant changes in the external environment or substantial declines in the operating performance of Assurant Solutions and Assurant Specialty Property could cause us to reevaluate this conclusion in the future.", "In undertaking our qualitative assessments for the Assurant Solutions and Assurant Specialty Property reporting units, we considered macro-economic, industry and reporting unit\u0002specific factors.", "These included (i. )", "the effect of the current interest rate environment on our cost of capital; (ii. )", "each reporting unit’s ability to sustain market share over the year; (iii. )", "lack of turnover in key management; (iv. )2015 actual performance as compared to expected 2015 performance from our 2014 Step 1 assessment; and, (v. ) the overall market position and share price of Assurant, Inc.", "Recent Accounting Pronouncements Please see Note 2 of the Notes to the Consolidated Financial Statements.", "criteria in FASB ASC 360-20 related to the terms of the transactions and any continuing involvement in the form of management or financial assistance from the seller associated with the properties.", "We make judgments based on the specific terms of each transaction as to the amount of the total profit from the transaction that we recognize considering factors such as continuing ownership interest we may have with the buyer (“partial sales”) and our level of future involvement with the property or the buyer that acquires the assets.", "If the full accrual sales criteria are not met, we defer gain recognition and account for the continued operations of the property by applying the finance, installment or cost recovery methods, as appropriate, until the full accrual sales criteria are met.", "Estimated future costs to be incurred after completion of each sale are included in the determination of the gain on sales.", "To the extent that a property has had operations prior to sale, and that we do not have continuing involvement with the property, gains from sales of depreciated property are included in discontinued operations and the proceeds from the sale of these held-for-rental properties are classified in the investing activities section of the Consolidated Statements of Cash Flows.", "Gains or losses from our sale of properties that were developed or repositioned with the intent to sell and not for long-term rental (“Build-for-Sale” properties) are classified as gain on sale of properties in the Consolidated Statements of Operations.", "Other rental properties that do not meet the criteria for presentation as discontinued operations are also classified as gain on sale of properties in the Consolidated Statements of Operations.", "Net Income (Loss) Per Common Share Basic net income (loss) per common share is computed by dividing net income (loss) attributable to common shareholders, less dividends on share\u0002based awards expected to vest, by the weighted average number of common shares outstanding for the period.", "Diluted net income (loss) per common share is computed by dividing the sum of basic net income (loss) attributable to common shareholders and the noncontrolling interest in earnings allocable to Units not owned by us (to the extent the Units are dilutive), by the sum of the weighted average number of common shares outstanding and, to the extent they are dilutive, partnership Units outstanding, as well as any potential dilutive securities for the period.", "During the first quarter of 2009, we adopted a new accounting standard (FASB ASC 260-10) on participating securities, which we have applied retrospectively to prior period calculations of basic and diluted earnings per common share.", "Pursuant to this new standard, certain of our share-based awards are considered participating securities because they earn dividend equivalents that are not forfeited even if the underlying award does not vest.", "The following table reconciles the components of basic and diluted net income (loss) per common share (in thousands):", "||2010|2009|2008|\n|Net income (loss) attributable to common shareholders|$-14,108|$-333,601|$50,408|\n|Less: Dividends on share-based awards expected to vest|-2,513|-1,759|-1,631|\n|Basic net income (loss) attributable to common shareholders|-16,621|-335,360|48,777|\n|Noncontrolling interest in earnings of common unitholders|-|-|2,640|\n|Diluted net income (loss) attributable to common shareholders|$-16,621|$-335,360|$51,417|\n|Weighted average number of common shares outstanding|238,920|201,206|146,915|\n|Weighted average partnership Units outstanding|-|-|7,619|\n|Other potential dilutive shares|-|-|19|\n|Weighted average number of common shares and potential dilutive securities|238,920|201,206|154,553|\n", "PRUDENTIAL FINANCIAL, INC.  Notes to Consolidated Financial Statements 20.", "FAIR VALUE OF ASSETS AND LIABILITIES (continued) Fair Value of Financial Instruments The Company is required by U. S.  GAAP to disclose the fair value of certain financial instruments including those that are not carried at fair value.", "For the following financial instruments the carrying amount equals or approximates fair value: fixed maturities classified as available for sale, trading account assets supporting insurance liabilities, other trading account assets, equity securities, securities purchased under agreements to resell, short-term investments, cash and cash equivalents, accrued investment income, separate account assets, investment contracts included in separate account liabilities, securities sold under agreements to repurchase, and cash collateral for loaned securities, as well as certain items recorded within other assets and other liabilities such as broker-dealer related receivables and payables.", "See Note 21 for a discussion of derivative instruments.", "The following table discloses the Company’s financial instruments where the carrying amounts and fair values may differ:", "|| December 31, 2010| December 31, 2009|\n|| Carrying Amount| Fair Value| Carrying Amount| Fair Value|\n|| (in millions)|\n| Assets:|||||\n|Fixed maturities, held to maturity|$5,226|$5,477|$5,120|$5,198|\n|Commercial mortgage and other loans-1|31,831|33,129|31,384|30,693|\n|Policy loans|10,667|12,781|10,146|11,837|\n| Liabilities:|||||\n|Policyholders’ account balances - investment contracts|$77,254|$78,757|$73,674|$74,353|\n|Short-term and long-term debt-1|25,635|27,094|24,159|24,054|\n|Debt of consolidated VIEs|382|265|413|239|\n|Bank customer liabilities|1,754|1,775|1,523|1,538|\n", "The fair values presented above for those financial instruments where the carrying amounts and fair values may differ have been determined by using available market information and by applying market valuation methodologies, as described in more detail below.", "Fixed Maturities, held to maturity The fair values of public fixed maturity securities are generally based on prices from third party pricing services, which are reviewed to validate reasonability.", "However, for certain public fixed maturity securities and investments in private placement fixed maturity securities, this information is either not available or not reliable.", "For these public fixed maturity securities the fair value is based on non-binding broker quotes, if available, or determined using a discounted cash flow model or internally developed values.", "For private fixed maturities fair value is determined using a discounted cash flow model, which utilizes a discount rate based upon the average of spread surveys collected from private market intermediaries who are active in both primary and secondary transactions and takes into account, among other factors, the credit quality and industry sector of the issuer and the reduced liquidity associated with private placements.", "In determining the fair value of certain fixed maturity securities, the discounted cash flow model may also use unobservable inputs, which reflect the Company’s own assumptions about the inputs market participants would use in pricing the security.", "Commercial Mortgage and Other Loans The fair value of commercial mortgage and other loans, other than those held by the Company’s commercial mortgage operations, is primarily based upon the present value of the expected future cash flows discounted at the appropriate U. S.  Treasury rate or Japanese Government Bond rate for yen based loans, adjusted for the current market spread for similar quality loans.", "The fair value of commercial mortgage and other loans held by the Company’s commercial mortgage operations is based upon various factors, including the terms of the loans, the principal exit markets for the loans, prevailing interest rates, and credit risk.", "Policy Loans The fair value of U. S.  insurance policy loans is calculated using a discounted cash flow model based upon current U. S.  Treasury rates and historical loan repayment patterns, while Japanese insurance policy loans use the risk-free proxy based on the Yen LIBOR.", "For group corporate-, bank- and trust-owned life insurance contracts and group universal life contracts, the fair value of the policy loans is the amount due as of the reporting date.", "WASTE MANAGEMENT, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) estimated accruals for these liabilities could be affected if future occurrences or loss development significantly differ from the assumptions used.", "As of December 31, 2008, our general liability insurance program carried self\u0002insurance exposures of up to $2.5 million per incident and our workers’ compensation insurance program carried self-insurance exposures of up to $5 million per incident.", "As of December 31, 2008, our auto liability insurance program included a per-incident base deductible of $1 million, subject to additional aggregate deductibles in the $1 million to $5 million layer and the $5 million to $10 million layer of $2.4 million and $2.5 million, respectively.", "Self-insurance claims reserves acquired as part of our acquisition of WM Holdings in July 1998 were discounted at 2.25% at December 31, 2008 and 4.0% at December 31, 2007.", "The changes to our net insurance liabilities for the years ended December 31, 2007 and 2008 are summarized below (in millions):", "||Gross Claims Liability|Estimated Insurance Recoveries(a)|Net Claims Liability|\n|Balance, December 31, 2005|$660|$-311|$349|\n|Self-insurance expense (benefit)|233|-31|202|\n|Cash (paid) received|-241|75|-166|\n|Balance, December 31, 2006|652|-267|385|\n|Self-insurance expense (benefit)|144|-1|143|\n|Cash (paid) received|-225|54|-171|\n|Balance, December 31, 2007|571|-214|357|\n|Self-insurance expense (benefit)|169|-28|141|\n|Cash (paid) received|-209|51|-158|\n|Balance, December 31, 2008|$531|$-191|$340|\n|Current portion at December 31, 2008|$142|$-63|$79|\n|Long-term portion at December 31, 2008|$389|$-128|$261|\n", "(a) Amounts reported as estimated insurance recoveries are related to both paid and unpaid claims liabilities.", "For the 14 months ended January 1, 2000, we insured certain risks, including auto, general liability and workers’ compensation, with Reliance National Insurance Company, whose parent filed for bankruptcy in June 2001.", "In October 2001, the parent and certain of its subsidiaries, including Reliance National Insurance Company, were placed in liquidation.", "We believe that because of probable recoveries from the liquidation, currently estimated to be $15 million, it is unlikely that events relating to Reliance will have a material adverse impact on our financial statements.", "We do not expect the impact of any known casualty, property, environmental or other contingency to have a material impact on our financial condition, results of operations or cash flows.", "Operating leases — Rental expense for leased properties was $114 million, $135 million and $122 million during 2008, 2007 and 2006, respectively.", "These amounts primarily include rents under operating leases.", "Minimum contractual payments due for our operating lease obligations are $81 million in 2009, $71 million in 2010, $58 million in 2011, $57 million in 2012 and $46 million in 2013.", "Our minimum contractual payments for lease agreements during future periods is significantly less than current year rent expense because our significant lease agreements at landfills have variable terms based either on a percentage of revenue or a rate per ton of waste received.", "Other commitments — We have the following unconditional obligations: ?", "Fuel Supply — We have purchase agreements expiring at various dates through 2011 that require us to purchase minimum amounts of wood waste, anthracite coal waste (culm) and conventional fuels at our independent power production plants.", "These fuel supplies are used to produce steam that is sold to industrial"], "table_evidence": [41], "paragraph_evidence": [40, 42], "source": "multihiertt", "original_question_id": "96f6ff26f04c4666a049c3568abe1662"}
{"question": "What's the sum of Premium wine of December 31, 2014, and Beginning Balance of Year Ended December 31, 2015 ?", "python_solution": "def solution():\n    premium_wine = 187568.0\n    beginning_balance = 1047.0\n\n    answer = premium_wine + beginning_balance\n    \n    return answer", "ground_truth": 188615.0, "question_id": "simplong-testmini-32", "paragraphs": ["As of December 31, 2017, we had $1.238 billion of gross unrecognized tax benefits, of which a net $1.150 billion, if recognized, would affect our effective tax rate.", "As of December 31, 2016, we had $1.095 billion of gross unrecognized tax benefits, of which a net $1.006 billion, if recognized, would affect our effective tax rate.", "As of December 31, 2015, we had $1.056 billion of gross unrecognized tax benefits, of which a net $900 million, if recognized, would affect our effective tax rate.", "A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:", "||Year Ended December 31,|\n|(in millions)|2017|2016|2015|\n|Beginning Balance|$1,095|$1,056|$1,047|\n|Additions based on positions related to the current year|134|47|32|\n|Additions based on positions related to prior years|16|14|38|\n|Reductions for tax positions of prior years|-3|-17|-36|\n|Settlements with taxing authorities|-2|-3|-18|\n|Statute of limitation expirations|-2|-2|-7|\n|Ending Balance|$1,238|$1,095|$1,056|\n", "We are subject to U. S.  Federal income tax as well as income tax of multiple state and foreign jurisdictions.", "We have concluded all U. S.  federal income tax matters through 2000, all foreign income tax matters through 2002 and substantially all material state and local income tax matters through 2005.", "We have received Notices of Deficiency from the Internal Revenue Service (IRS) reflecting proposed audit adjustments for Guidant Corporation for its 2001 through 2006 tax years and Boston Scientific Corporation for its 2006 and 2007 tax years.", "The total incremental tax liability asserted by the IRS for the applicable periods is $1.162 billion plus interest.", "The primary issue in dispute for all years is the transfer pricing associated with the technology license agreements between domestic and foreign subsidiaries of Guidant.", "In addition, the IRS has proposed adjustments in connection with the financial terms of our Transaction Agreement with Abbott Laboratories pertaining to the sale of Guidant's vascular intervention business to Abbott Laboratories in April 2006.", "During 2014, we received a Revenue Agent Report from the IRS reflecting significant proposed audit adjustments to our 2008, 2009 and 2010 tax years based upon the same transfer pricing methodologies that the IRS applied to our 2001 through 2007 tax years.", "We do not agree with the transfer pricing methodologies applied by the IRS or its resulting assessment.", "We have filed petitions with the U. S.  Tax Court contesting the Notices of Deficiency for the 2001 through 2007 tax years in challenge and submitted a letter to the IRS Office of Appeals protesting the Revenue Agent Report for the 2008 through 2010 tax years and requesting an administrative appeal hearing.", "The issues in dispute were scheduled to be heard in U. S.  Tax Court in July 2016.", "On July 19, 2016, we entered into a Stipulation of Settled Issues with the IRS intended to resolve all of the aforementioned transfer pricing issues, as well as the issues related to our transaction with Abbott Laboratories, for the 2001 through 2007 tax years.", "The Stipulation of Settled Issues is contingent upon the IRS Office of Appeals applying the same basis of settlement to all transfer pricing issues for the Company’s 2008, 2009 and 2010 tax years as well as review by the United States Congress Joint Committee on Taxation.", "In October 2016, we reached an agreement in principle with IRS Office of Appeals as to the resolution of transfer pricing issues in 2008, 2009 and 2010 tax years, subject to additional calculations of tax as well as documentation to memorialize our agreement.", "In the event that the conditions in the Stipulation of Settled Items are satisfied, we expect to make net tax payments of approximately $275 million, plus interest through the date of payment with respect to the settled issues.", "If finalized, payments related to the resolution are expected in the next six months.", "We believe that our income tax reserves associated with these matters are adequate as of December 31, 2017 and we do not expect to recognize any additional charges related to resolution of this controversy.", "However, the final resolution of these issues is contingent and if the Stipulation of Settled Issues is not finalized, it could have a material impact on our financial condition, results of operations, or cash flows.", "We recognize interest and penalties related to income taxes as a component of income tax expense.", "We had $655 million accrued for gross interest and penalties as of December 31, 2017 and $572 million as of December 31, 2016.", "The increase in gross interest and penalties of $83 million was recognized in our consolidated statements of operations.", "We recognized net tax expense related to interest and penalties of $154 million in 2017, $46 million in 2016 and $37 million in 2015.", "The increase in our net tax expense related to interest and penalties as of December 31, 2017, as compared to December 31, 2016, is primarily attributable to re\u0002measuring the future tax benefit of our accrued interest as a result of the TCJA.", "segment includes AWE and our share of earnings for our investment in ULA, which provides expendable launch services to the U. S.  Government.", "Space Systems’ operating results included the following (in millions):", "||2016|2015|2014|\n|Net sales|$9,409|$9,105|$9,202|\n|Operating profit|1,289|1,171|1,187|\n|Operating margin|13.7%|12.9%|12.9%|\n|Backlog atyear-end|$18,900|$17,400|$20,300|\n", "2016 compared to 2015 Space Systems’ net sales in 2016 increased $304 million, or 3%, compared to 2015.", "The increase was attributable to net sales of approximately $410 million from AWE following the consolidation of this business in the third quarter of 2016; and approximately $150 million for commercial space transportation programs due to increased launch-related activities; and approximately $70 million of higher net sales for various programs (primarily Fleet Ballistic Missiles) due to increased volume.", "These increases were partially offset by a decrease in net sales of approximately $340 million for government satellite programs due to decreased volume (primarily SBIRS and MUOS) and the wind-down or completion of mission solutions programs.", "Space Systems’ operating profit in 2016 increased $118 million, or 10%, compared to 2015.", "The increase was primarily attributable to a non-cash, pre-tax gain of approximately $127 million related to the consolidation of AWE; and approximately $80 million of increased equity earnings from joint ventures (primarily ULA).", "These increases were partially offset by a decrease of approximately $105 million for government satellite programs due to lower risk retirements (primarily SBIRS, MUOS and mission solutions programs) and decreased volume.", "Adjustments not related to volume, including net profit booking rate adjustments, were approximately $185 million lower in 2016 compared to 2015.2015 compared to 2014 Space Systems’ net sales in 2015 decreased $97 million, or 1%, compared to 2014.", "The decrease was attributable to approximately $335 million lower net sales for government satellite programs due to decreased volume (primarily AEHF) and the wind-down or completion of mission solutions programs; and approximately $55 million for strategic missile and defense systems due to lower volume.", "These decreases were partially offset by higher net sales of approximately $235 million for businesses acquired in 2014; and approximately $75 million for the Orion program due to increased volume.", "Space Systems’ operating profit in 2015 decreased $16 million, or 1%, compared to 2014.", "Operating profit increased approximately $85 million for government satellite programs due primarily to increased risk retirements.", "This increase was offset by lower operating profit of approximately $65 million for commercial satellite programs due to performance matters on certain programs; and approximately $35 million due to decreased equity earnings in joint ventures.", "Adjustments not related to volume, including net profit booking rate adjustments and other matters, were approximately $105 million higher in 2015 compared to 2014.", "Equity earnings Total equity earnings recognized by Space Systems (primarily ULA) represented approximately $325 million, $245 million and $280 million, or 25%, 21% and 24% of this business segment’s operating profit during 2016, 2015 and 2014.", "Backlog Backlog increased in 2016 compared to 2015 primarily due to the addition of AWE’s backlog.", "Backlog decreased in 2015 compared to 2014 primarily due to lower orders for government satellite programs and the Orion program and higher sales on the Orion program.", "Trends We expect Space Systems’ 2017 net sales to decrease in the mid-single digit percentage range as compared to 2016, driven by program lifecycles on government satellite programs, partially offset by the recognition of AWE net sales for a full year in 2017 versus a partial year in 2016 following the consolidation of AWE in the third quarter of 2016.", "Operating profit", "(2) The following table shows the amounts of other venture capital investments held by the following consolidated funds and amounts attributable to SVBFG for each fund at December 31, 2014 , 2013 and 2012 :", "||December 31,|\n||2014|2013|2012|\n|(Dollars in thousands)|Carrying value(as reported)|Amount attributableto SVBFG|Carrying value(as reported)|Amount attributableto SVBFG|Carrying value(as reported)|Amount attributableto SVBFG|\n|Silicon Valley BancVentures, LP|$3,291|$352|$6,564|$702|$43,493|$4,652|\n|SVB Capital Partners II, LP|20,481|1,040|22,684|1,152|79,761|4,051|\n|Capital Partners III, LP|41,055|—|—|—|—|—|\n|SVB Capital Shanghai Yangpu Venture Capital Fund|6,377|431|3,591|243|3,837|259|\n|Total other venture capital investments|$71,204|$1,823|$32,839|$2,097|$127,091|$8,962|\n", "(3) Investments classified as other securities (fair value accounting) represent direct equity investments in public companies held by our consolidated funds.", "At December 31, 2014 , the amount primarily includes total unrealized gains of $75 million in one public company, FireEye.", "The extent to which any unrealized gains (or losses) will become realized is subject to a variety of factors, including, among other things, changes in prevailing market prices and the timing of any sales or distribution of securities and may also be constrained by lock-up agreements.", "None of the FireEye related investments currently are subject to a lock-up agreement.", "Loans The following table details the composition of the loan portfolio, net of unearned income, as of the five most recent year-ends:", "||December 31,|\n|(Dollars in thousands)|2014|2013|2012|2011|2010|\n|Commercial loans:||||||\n|Software and internet -1|$4,954,676|$4,102,636|$3,261,489|$2,492,849|$1,820,680|\n|Hardware -1|1,131,006|1,213,032|1,118,370|952,303|641,052|\n|Private equity/venture capital|4,582,906|2,386,054|1,732,699|1,117,419|1,036,201|\n|Life science & healthcare -1|1,289,904|1,170,220|1,066,199|863,737|575,944|\n|Premium wine|187,568|149,841|143,511|130,245|144,972|\n|Other -1|234,551|288,904|315,453|342,147|375,928|\n|Total commercial loans|12,380,611|9,310,687|7,637,721|5,898,700|4,594,777|\n|Real estate secured loans:||||||\n|Premium wine -2|606,753|514,993|413,513|345,988|312,255|\n|Consumer loans -3|1,118,115|873,255|685,300|534,001|361,704|\n|Other|39,651|30,743|—|—|—|\n|Total real estate secured loans|1,764,519|1,418,991|1,098,813|879,989|673,959|\n|Construction loans -4|78,626|76,997|65,742|30,256|60,178|\n|Consumer loans|160,520|99,711|144,657|161,137|192,823|\n|Total loans, net of unearned income -5(6)|$14,384,276|$10,906,386|$8,946,933|$6,970,082|$5,521,737|\n", "(1) Because of the diverse nature of energy and resource innovation products and services, for our loan-related reporting purposes, ERI-related loans are reported under our hardware, software and internet, life science & healthcare and other commercial loan categories, as applicable.", "(2) Included in our premium wine portfolio are gross construction loans of $112 million , $112 million , $148 million , $111 million and $119 million at December 31, 2014 , 2013 , 2012 , 2011 and 2010 , respectively.", "(3) Consumer loans secured by real estate at December 31, 2014 , 2013 , 2012 , 2011 and 2010 were comprised of the following:"], "table_evidence": [4, 55], "paragraph_evidence": [3, 54], "source": "multihiertt", "original_question_id": "95b541bf5f7944f295f24f343584435c"}
{"question": "The total amount of which section ranks first for Derivative liabilities -2? (in million)", "python_solution": "def solution():\n    # Define variables name and value\n    derivative_liabilities_2008 = 2308.6\n    derivative_liabilities_2009 = 1119.6\n    \n    # Add both liabilities to get the answer\n    answer = derivative_liabilities_2008 + derivative_liabilities_2009\n    \n    return answer", "ground_truth": 3428.2, "question_id": "simplong-testmini-33", "paragraphs": ["FHLB Advances and Other Borrowings FHLB Advances—The Company had $0.7 billion in floating-rate and $0.2 billion in fixed-rate FHLB advances at both December 31, 2013 and 2012.", "The floating-rate advances adjust quarterly based on the LIBOR.", "During the year ended December 31, 2012, $650.0 million of fixed-rate FHLB advances were converted to floating-rate for a total cost of approximately $128 million which was capitalized and will be amortized over the remaining maturities using the effective interest method.", "In addition, during the year ended December 31, 2012, the Company paid down in advance of maturity $1.0 billion of its FHLB advances and recorded $69.1 million in losses on the early extinguishment.", "This loss was recorded in the gains (losses) on early extinguishment of debt line item in the consolidated statement of income (loss).", "The Company did not have any similar transactions for the years ended December 31, 2013 and 2011.", "As a condition of its membership in the FHLB Atlanta, the Company is required to maintain a FHLB stock investment currently equal to the lesser of: a percentage of 0.12% of total Bank assets; or a dollar cap amount of $20 million.", "Additionally, the Bank must maintain an Activity Based Stock investment which is currently equal to 4.5% of the Bank’s outstanding advances at the time of borrowing.", "The Company had an investment in FHLB stock of $61.4 million and $67.4 million at December 31, 2013 and 2012, respectively.", "The Company must also maintain qualified collateral as a percent of its advances, which varies based on the collateral type, and is further adjusted by the outcome of the most recent annual collateral audit and by FHLB’s internal ranking of the Bank’s creditworthiness.", "These advances are secured by a pool of mortgage loans and mortgage-backed securities.", "At December 31, 2013 and 2012, the Company pledged loans with a lendable value of $3.9 billion and $4.8 billion, respectively, of the one- to four-family and home equity loans as collateral in support of both its advances and unused borrowing lines.", "Other Borrowings—Prior to 2008, ETBH raised capital through the formation of trusts, which sold trust preferred securities in the capital markets.", "The capital securities must be redeemed in whole at the due date, which is generally 30 years after issuance.", "Each trust issued Floating Rate Cumulative Preferred Securities (“trust preferred securities”), at par with a liquidation amount of $1,000 per capital security.", "The trusts used the proceeds from the sale of issuances to purchase Floating Rate Junior Subordinated Debentures (“subordinated debentures”) issued by ETBH, which guarantees the trust obligations and contributed proceeds from the sale of its subordinated debentures to E*TRADE Bank in the form of a capital contribution.", "The most recent issuance of trust preferred securities occurred in 2007.", "The face values of outstanding trusts at December 31, 2013 are shown below (dollars in thousands):", "|Trusts|Face Value|Maturity  Date|Annual Interest Rate|\n|ETBH Capital Trust II|$5,000|2031|10.25%|\n|ETBH Capital Trust I|20,000|2031|3.75% above 6-month LIBOR|\n|ETBH Capital Trust V, VI, VIII|51,000|2032|3.25%-3.65% above 3-month LIBOR|\n|ETBH Capital Trust VII, IX—XII|65,000|2033|3.00%-3.30% above 3-month LIBOR|\n|ETBH Capital Trust XIII—XVIII, XX|77,000|2034|2.45%-2.90% above 3-month LIBOR|\n|ETBH Capital Trust XIX, XXI, XXII|60,000|2035|2.20%-2.40% above 3-month LIBOR|\n|ETBH Capital Trust XXIII—XXIV|45,000|2036|2.10% above 3-month LIBOR|\n|ETBH Capital Trust XXV—XXX|110,000|2037|1.90%-2.00% above 3-month LIBOR|\n|Total|$433,000|||\n", "Principal Financial Group, Inc.  Notes to Consolidated Financial Statements — (continued) 6.", "Derivative Financial Instruments — (continued) The fair value of our derivative instruments classified as assets and liabilities was as follows:", "| | Derivative assets -1| Derivative liabilities -2|\n| | December 31, 2009| December 31, 2008| December 31, 2009| December 31, 2008|\n| |(in millions) |\n| Derivatives designated as hedging instruments|||||\n|Interest rate contracts|$81.5|$250.8|$309.1|$819.2|\n|Foreign exchange contracts|444.4|410.8|240.6|300.4|\n|Total derivatives designated as hedging instruments|$525.9|$661.6|$549.7|$1,119.6|\n| Derivatives not designated as hedging instruments|||||\n|Interest rate contracts|$433.5|$802.1|$336.8|$621.5|\n|Foreign exchange contracts|107.5|121.3|75.0|155.1|\n|Equity contracts|149.8|222.1|—|—|\n|Credit contracts|15.5|70.7|84.0|227.2|\n|Other contracts|—|—|128.1|185.2|\n|Total derivatives not designated as hedging instruments|$706.3|$1,216.2|$623.9|$1,189.0|\n|Total derivative instruments|$1,232.2|$1,877.8|$1,173.6|$2,308.6|\n", "(1) The fair value of derivative assets is reported with other investments on the consolidated statements of financial position.", "(2) The fair value of derivative liabilities is reported with other liabilities on the consolidated statements of financial position, with the exception of certain embedded derivative liabilities.", "Embedded derivative liabilities with a fair value of $23.6 million and $60.2 million as of December 31, 2009, and December 31, 2008, respectively, are reported with contractholder funds on the consolidated statements of financial position.", "Credit Derivatives Sold When we sell credit protection, we are exposed to the underlying credit risk similar to purchasing a fixed maturity security instrument.", "The majority of our credit derivative contracts sold reference a single name or reference security (referred to as ‘‘single name credit default swaps’’).", "The remainder of our credit derivatives reference either a basket or index of securities.", "These instruments are either referenced in an over-the-counter credit derivative transaction, or embedded within an investment structure that has been fully consolidated into our financial statements.", "These credit derivative transactions are subject to events of default defined within the terms of the contract, which normally consist of bankruptcy, failure to pay, or modified restructuring of the reference entity and/or issue.", "If a default event occurs for a reference name or security, we are obligated to pay the counterparty an amount equal to the notional amount of the credit derivative transaction.", "As a result, our maximum future payment is equal to the notional amount of the credit derivative.", "In certain cases, we also have purchased credit protection with identical underlyings to certain of our sold protection transactions.", "The effect of this purchased protection would reduce our total maximum future payments by $47.0 million and $60.8 million as of December 31, 2009, and December 31, 2008, respectively.", "These credit derivative transactions had a net fair value of $2.4 million and $21.2 million as of December 31, 2009, and December 31, 2008, respectively.", "Our potential loss could also be reduced by any amount recovered in the default proceedings of the underlying credit name.", "We purchased certain investment structures with embedded credit features that are fully consolidated into our financial statements.", "This consolidation results in recognition of the underlying credit derivatives and collateral within the structure, typically high quality fixed maturity securities that are owned by a special purpose vehicle.", "These credit derivatives reference a single name or several names in a basket structure.", "In the event of default, the collateral within the structure would typically be liquidated to pay the claims of the credit derivative counterparty.", "Qorvo, Inc.  and Subsidiaries Annual Report on Form 10-K 2019 Notes to Consolidated Financial Statements income to substantially offset the losses earned in prior years.", "The balance of the cumulative pre-tax book loss was expected to be offset by income in the first half of fiscal 2018 as production at the assembly and test facility continued to increase as the Company reduced its dependence on outside assembly and test subcontractors.", "After evaluating the positive and negative evidence, management determined that it was more likely than not that the deferred tax assets of this China manufacturing subsidiary would be realized and a valuation allowance would not be provided as of the end of fiscal 2017.", "As of March 30, 2019, the Company had federal loss carryovers of approximately $39.6 million that expire in fiscal years 2020 to 2030 if unused and state losses of approximately $105.2 million that expire in fiscal years 2020 to 2039 if unused.", "Federal research credits of $127.6 million, and state credits of $64.9 million may expire in fiscal years 2020 to 2039 and 2020 to 2037, respectively.", "Foreign losses in the Netherlands of approximately $5.1 million expire in fiscal years 2020 to 2027.", "Included in the amounts above may be certain net operating losses and other tax attribute assets acquired in conjunction with acquisitions in the current and prior years.", "The utilization of acquired domestic assets is subject to certain annual limitations as required under Section 382 of the Internal Revenue Code of 1986, as amended (the “Code”) and similar state income tax provisions.", "The Company has continued to expand its operations and increase its investments in numerous international jurisdictions.", "These activities expose the Company to taxation in multiple foreign jurisdictions.", "It is management’s opinion that current and future undistributed foreign earnings will be permanently reinvested, except for the earnings of Qorvo International Pte.", "Ltd. , our operating subsidiary in Singapore.", "No provision for U. S.  federal income, state income or foreign local withholding taxes has been made with respect to the undistributed earnings of any other foreign subsidiary.", "It is not practical to estimate the additional tax that would be incurred, if any, if the permanently reinvested earnings were repatriated.", "The Company has foreign subsidiaries with tax holiday agreements in Singapore and Costa Rica.", "These tax holiday agreements have varying rates and expire in December 2021 and March 2024, respectively.", "Incentives from these countries are subject to the Company meeting certain employment and investment requirements.", "The Company does not expect that the Singapore legislation enacted in February 2017, which will exclude from the Company’s existing Development and Expansion Incentive grant the benefit of the reduced tax rate for intellectual property income earned after June 30, 2021, will have an impact on the Company.", "Income tax expense decreased by $34.6 million (an impact of approximately $0.28 and $0.27 per basic and diluted share, respectively) in fiscal 2019 and $7.9 million (an impact of approximately $0.06 per basic and diluted share) in fiscal 2018 as a result of these agreements.", "The Company’s gross unrecognized tax benefits totaled $103.2 million as of March 30, 2019, $122.8 million as of March 31, 2018, and $90.6 million as of April 1, 2017.", "Of these amounts, $99.1 million (net of federal benefit of state taxes), $118.7 million (net of federal benefit of state taxes) and $84.4 million (net of federal benefit of state taxes) as of March 30, 2019, March 31, 2018, and April 1, 2017, respectively, represent the amounts of unrecognized tax benefits that, if recognized, would impact the effective tax rate in each of the fiscal years.", "The Company’s gross unrecognized tax benefits decreased from $122.8 million as of March 31, 2018 to $103.2 million as of March 30, 2019, primarily due to lapses of statutes of limitations, the conclusion of examinations by U. S.  and Singapore tax authorities, the finalization of Regulations related to the Transitional Repatriation Tax, and finalization of the provisional estimates related to the impact of the Tax Act.", "A reconciliation of fiscal 2017 through fiscal 2019 beginning and ending amount of gross unrecognized tax benefits is as follows (in thousands):", "||Fiscal Year|\n||2019|2018|2017|\n|Beginning balance|$122,823|$90,615|$69,052|\n|Additions based on positions related to current year|7,193|26,431|20,036|\n|Additions for tax positions in prior years|8,369|5,844|1,878|\n|Reductions for tax positions in prior years|-24,932|-67|-29|\n|Expiration of statute of limitations|-6,972|—|-322|\n|Settlements|-3,303|—|—|\n|Ending balance|$103,178|$122,823|$90,615|\n", "It is the Company’s policy to recognize interest and penalties related to uncertain tax positions as a component of income tax expense.", "During fiscal years 2019, 2018 and 2017, the Company recognized", "IRON MOUNTAIN INCORPORATED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) DECEMBER 31, 2008 (In thousands, except share and per share data) 10.", "Commitments and Contingencies a.", "Leases Most of our leased facilities are leased under various operating leases that typically have initial lease terms of ten to fifteen years.", "A majority of these leases have renewal options with one or more five year options to extend and may have fixed or Consumer Price Index escalation clauses.", "We also lease equipment under operating leases, primarily computers which have an average lease life of three years.", "Vehicles and office equipment are also leased and have remaining lease lives ranging from one to seven years.", "Due to the declining economic environment in 2008, the current fair market values of vans, trucks and mobile shredding units within our vehicle fleet portfolio, which we lease, have declined.", "As a result, certain vehicle leases that previously met the requirements to be considered operating leases were classified as capital leases upon renewal.", "The 2008 impact of this change on our consolidated balance sheet as of December 31, 2008 was an increase in property, plant and equipment and debt of $58,517 and had no impact on 2008 operating results.", "Future operating results will have lower vehicle rent expense (a component of transportation costs within cost of sales), offset by an increased amount of combined depreciation and interest expense in future periods.", "Total rent expense (including common area maintenance charges) under all of our operating leases was $207,760, $240,833 and $280,360 (including $20,828 associated with vehicle leases which became capital leases in 2008) for the years ended December 31, 2006, 2007 and 2008, respectively.", "Included in total rent expense was sublease income of $3,740, $4,973 and $5,341 for the years ended December 31, 2006, 2007 and 2008, respectively.", "Estimated minimum future lease payments (excluding common area maintenance charges) include payments for certain renewal periods at our option because failure to renew results in an economic disincentive due to significant capital expenditure costs (e. g. , racking), thereby making it reasonably assured that we will renew the lease.", "Such payments in effect at December 31, are as follows:", "| Year| Operating Lease Payment| Sublease Income|Capital Leases|\n|2009|$225,290|$3,341|$28,608|\n|2010|201,315|1,847|27,146|\n|2011|191,588|1,223|19,116|\n|2012|186,600|1,071|25,489|\n|2013|181,080|988|9,419|\n|Thereafter|2,109,086|3,539|95,445|\n|Total minimum lease payments|$3,094,959|$12,009|$205,223|\n|Less amounts representing interest|||-73,536|\n|Present value of capital lease obligations|||$131,687|\n", "We have guaranteed the residual value of certain vehicle operating leases to which we are a party.", "The maximum net residual value guarantee obligation for these vehicles as of December 31, 2008 was $30,415.", "Such amount does not take into consideration the recovery or resale value associated with these vehicles.", "We believe that it is not reasonably likely that we will be required to perform under", "IRON MOUNTAIN INCORPORATED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) DECEMBER 31, 2012 (In thousands, except share and per share data) 5.", "Selected Consolidated Financial Statements of Parent, Guarantors, Canada Company and Non-Guarantors (Continued", "||Year Ended December 31, 2012|\n||Parent|Guarantors|Canada Company|Non- Guarantors|Eliminations|Consolidated|\n|Cash Flows from Operating Activities:|||||||\n|Cash Flows from Operating Activities-Continuing Operations|$-195,478|$496,542|$48,037|$94,551|$—|$443,652|\n|Cash Flows from Operating Activities-Discontinued Operations|—|-8,814|—|-2,102|—|-10,916|\n|Cash Flows from Operating Activities|-195,478|487,728|48,037|92,449|—|432,736|\n|Cash Flows from Investing Activities:|||||||\n|Capital expenditures|—|-134,852|-10,829|-95,002|—|-240,683|\n|Cash paid for acquisitions, net of cash acquired|—|-28,126|—|-97,008|—|-125,134|\n|Intercompany loans to subsidiaries|88,376|-110,142|—|—|21,766|—|\n|Investment in subsidiaries|-37,572|-37,572|—|—|75,144|—|\n|Investment in restricted cash|1,498|—|—|—|—|1,498|\n|Additions to customer relationship and acquisition costs|—|-23,543|-2,132|-3,197|—|-28,872|\n|Investment in joint ventures|-2,330|—|—|—|—|-2,330|\n|Proceeds from sales of property and equipment and other, net|—|-1,739|5|3,191|—|1,457|\n|Cash Flows from Investing Activities-Continuing Operations|49,972|-335,974|-12,956|-192,016|96,910|-394,064|\n|Cash Flows from Investing Activities-Discontinued Operations|—|-1,982|—|-4,154|—|-6,136|\n|Cash Flows from Investing Activities|49,972|-337,956|-12,956|-196,170|96,910|-400,200|\n|Cash Flows from Financing Activities:|||||||\n|Repayment of revolving credit and term loan facilities and other debt|—|-2,774,070|-3,069|-67,554|—|-2,844,693|\n|Proceeds from revolving credit and term loan facilities and other debt|—|2,680,107|—|51,078|—|2,731,185|\n|Early retirement of senior subordinated notes|-525,834|—|—|—|—|-525,834|\n|Net proceeds from sales of senior subordinated notes|985,000|—|—|—|—|985,000|\n|Debt financing (repayment to) and equity contribution from (distribution to) noncontrolling interests, net|—|—|—|480|—|480|\n|Intercompany loans from parent|—|-89,878|714|110,930|-21,766|—|\n|Equity contribution from parent|—|37,572|—|37,572|-75,144|—|\n|Stock repurchases|-38,052|—|—|—|—|-38,052|\n|Parent cash dividends|-318,845|—|—|—|—|-318,845|\n|Proceeds from exercise of stock options and employee stock purchase plan|40,244|—|—|—|—|40,244|\n|Excess tax benefits from stock-based compensation|1,045|—|—|—|—|1,045|\n|Payment of debt finacing costs|-1,480|-781|—|—|—|-2,261|\n|Cash Flows from Financing Activities-Continuing Operations|142,078|-147,050|-2,355|132,506|-96,910|28,269|\n|Cash Flows from Financing Activities-Discontinued Operations|—|—|—|-39|—|-39|\n|Cash Flows from Financing Activities|142,078|-147,050|-2,355|132,467|-96,910|28,230|\n|Effect of exchange rates on cash and cash equivalents|—|—|1,867|937|—|2,804|\n|(Decrease) Increase in cash and cash equivalents|-3,428|2,722|34,593|29,683|—|63,570|\n|Cash and cash equivalents, beginning of period|3,428|10,750|68,907|96,760|—|179,845|\n|Cash and cash equivalents, end of period|$—|$13,472|$103,500|$126,443|$—|$243,415|\n", "IRON MOUNTAIN INCORPORATED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) DECEMBER 31, 2014 (In thousands, except share and per share data) 2.", "Summary of Significant Accounting Policies (Continued) Stock Options Under our various stock option plans, options are generally granted with exercise prices equal to the market price of the stock on the date of grant; however, in certain limited instances, options are granted at prices greater than the market price of the stock on the date of grant.", "The majority of our options become exercisable ratably over a period of five years from the date of grant and generally have a contractual life of ten years from the date of grant, unless the holder’s employment is terminated sooner.", "Certain of the options we issue become exercisable ratably over a period of ten years from the date of grant and have a contractual life of 12 years from the date of grant, unless the holder’s employment is terminated sooner.", "As of December 31, 2014, ten-year vesting options represented 8.0% of total outstanding options.", "Certain of the options we issue become exercisable ratably over a period of three years from the date of grant and have a contractual life of ten years from the date of grant, unless the holder’s employment is terminated sooner.", "As of December 31, 2014, three-year vesting options represented 34.3% of total outstanding options.", "Our non-employee directors are considered employees for purposes of our stock option plans and stock option reporting.", "Options granted to our non-employee directors generally become exercisable one year from the date of grant.", "Our equity compensation plans generally provide that any unvested options and other awards granted thereunder shall vest immediately if an employee is terminated by the Company, or terminates his or her own employment for good reason (as defined in each plan), in connection with a vesting change in control (as defined in each plan).", "On January 20, 2015, our stockholders approved the adoption of the Iron Mountain Incorporated 2014 Stock and Cash Incentive Plan (the ‘‘2014 Plan’’).", "Under the 2014 Plan, the total amount of shares of common stock reserved and available for issuance pursuant to awards granted under the 2014 Plan is 7,750,000.", "The 2014 Plan permits the Company to continue to grant awards through January 20, 2025.", "A total of 43,253,839 shares of common stock have been reserved for grants of options and other rights under our various stock incentive plans, including the 2014 Plan.", "The number of shares available for grant under our various stock incentive plans, not including the 2014 Plan, at December 31, 2014 was 4,581,754.", "The weighted average fair value of options granted in 2012, 2013 and 2014 was $7.00, $7.69 and $5.70 per share, respectively.", "These values were estimated on the date of grant using the Black-Scholes option pricing model."], "table_evidence": [21], "paragraph_evidence": [20], "source": "multihiertt", "original_question_id": "3fb5f7a678aa4f829ef1e40f0e635d94"}
{"question": "In the section with lowest amount of Pan AmFairfax, VA 22031 for Amount, what's the increasing rate of Shoppers’WorldCharlottesville, VA 22091-12 for Amount?", "python_solution": "def solution():\n    # Define variables name and value\n    pan_am_fairfax_amount = 18.41\n    shoppers_world_charlottesville_amount = 11.92\n    \n    # Do math calculation to get the answer\n    difference = pan_am_fairfax_amount - shoppers_world_charlottesville_amount\n    increase_rate = (difference / shoppers_world_charlottesville_amount) * 100\n    \n    return increase_rate", "ground_truth": 54.446308724832214, "question_id": "simplong-testmini-34", "paragraphs": ["4) Includes $3.1 million and $8.0 million of insurance recoveries in 2004 and 2003, respectively, attributable to rental income lost at Santana Row as a result of the August 2002 fire.", "Insurance recoveries received in 2005 were insignificant.", "Excluding these items, funds from operations in 2004 and 2003 would have been $156.0 million and $140.5 million, respectively.5) The SEC has stated that EBITDA is a non-GAAP measure as calculated in the table below.", "Adjusted EBITDA is a non-GAAP measure that means net income or loss plus interest expense, income taxes, depreciation and amortization, impairment provisions, and nonrecurring expenses.", "Adjusted EBITDA is presented because we believe that it provides useful information to investors regarding our ability to service debt and because it approximates a key covenant in material notes.", "Adjusted EBITDA should not be considered an alternative measure of operating results or cash flow from operations as determined in accordance with GAAP.", "Adjusted EBITDA as presented may not be comparable to other similarly titled measures used by other REITs.", "The reconciliation of Adjusted EBITDA to net income for the periods presented is as follows:", "||2005|2004|2003|2002|2001|\n||(In thousands)|\n|Net income|$114,612|$84,156|$94,497|$55,287|$68,756|\n|Depreciation and amortization|91,503|90,438|75,503|64,529|59,914|\n|Interest expense|88,566|85,058|75,232|65,058|69,313|\n|Other interest income|-2,216|-1,509|-1,276|-1,386|-2,662|\n|EBITDA|292,465|258,143|243,956|183,488|195,321|\n|Gain loss on sale of real estate|-30,748|-14,052|-20,053|-19,101|-9,185|\n|Loss on abandoned developmentsheld for sale|—|—|—|9,647|—|\n|Adjusted EBITDA|$261,717|$244,091|$223,903|$174,034|$186,136|\n", "6) Fixed charges consist of interest on borrowed funds (including capitalized interest), amortization of debt discount and expense and the portion of rent expense representing an interest factor.", "Preferred share dividends consist of dividends paid on our outstanding Series A preferred shares and Series B preferred shares.", "Our Series A preferred shares were redeemed in full in June 2003.", "ITEM 7.", "MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion should be read in conjunction with the consolidated financial statements and notes thereto appearing in “Item 8.", "Financial Statements and Supplementary Data” of this report.", "Overview We are an equity real estate investment trust specializing in the ownership, management, development and redevelopment of retail and mixed-use properties.", "As of December 31, 2005, we owned or had a majority interest in 103 community and neighborhood shopping centers and mixed-use properties comprising approximately 17.6 million square feet.", "Our properties are located primarily in densely populated and affluent communities in strategic metropolitan markets in the Mid-Atlantic and Northeast regions of the United States, as well as in California, and one apartment complex in Maryland.", "In total, the 103 commercial properties were 96.3% leased at December 31, 2005.", "A joint venture in which we own a 30% interest owned four neighborhood shopping centers totaling approximately 0.5 million square feet as of December 31, 2005.", "In total, the joint venture properties in which we own an interest were 97.4% leased at December 31, 2005.", "We have paid quarterly dividends to our shareholders continuously since our founding in 1962 and have increased our dividends per common share for 38 consecutive years.", "(4) Includes $3.1 million and $8.0 million of insurance recoveries in 2004 and 2003, respectively, attributable to rental income lost at Santana Row as a result of the August 2002 fire.", "Insurance recoveries received in 2005 were insignificant.", "Excluding these items, funds from operations available for common shareholders in 2004 and 2003 would have been $145.6 million and $123.3 million, respectively.", "(5) The SEC has stated that EBITDA is a non-GAAP measure as calculated in the table below.", "Adjusted EBITDA is a non-GAAP measure that means net income or loss plus net interest expense, income taxes, depreciation and amortization, gain or loss on sale of real estate and impairments of real estate if any.", "Adjusted EBITDA is presented because we believe that it provides useful information to investors regarding our ability to service debt and because it approximates a key covenant in material notes.", "Adjusted EBITDA should not be considered an alternative measure of operating results or cash flow from operations as determined in accordance with GAAP.", "Adjusted EBITDA as presented may not be comparable to other similarly titled measures used by other REITs.", "The reconciliation of Adjusted EBITDA to net income for the periods presented is as follows:", "||2006|2005|2004|2003|2002|\n||(In thousands)|\n|Net income|$118,712|$114,612|$84,156|$94,497|$55,287|\n|Depreciation and amortization|97,879|91,503|90,438|75,503|64,529|\n|Interest expense|102,808|88,566|85,058|75,232|65,058|\n|Other interest income|-2,616|-2,216|-1,509|-1,276|-1,386|\n|EBITDA|316,783|292,465|258,143|243,956|183,488|\n|Gain on sale of real estate|-23,956|-30,748|-14,052|-20,053|-19,101|\n|Loss on abandoned developmentsheld for sale|—|—|—|—|9,647|\n|Adjusted EBITDA|$292,827|$261,717|$244,091|$223,903|$174,034|\n", "(6) Fixed charges consist of interest on borrowed funds (including capitalized interest), amortization of debt discount and expense and the portion of rent expense representing an interest factor.", "Preferred share dividends consist of dividends paid on preferred shares and preferred stock redemption costs.", "Our Series A preferred shares were redeemed in full in June 2003 and our Series B preferred shares were redeemed in full in November 2006.", "ITEM 7.", "MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion should be read in conjunction with the consolidated financial statements and notes thereto appearing in “Item 8.", "Financial Statements and Supplementary Data” of this report.", "Overview We are an equity real estate investment trust specializing in the ownership, management, development and redevelopment of high quality retail and mixed-use properties.", "As of December 31, 2006, we owned or had a majority interest in 111 community and neighborhood shopping centers and mixed-use properties comprising approximately 18.8 million square feet.", "Our properties are located primarily in densely populated and affluent communities in strategic metropolitan markets in the Mid-Atlantic and Northeast regions of the United States, as well as in California.", "In total, these 111 commercial properties were 96.5% leased at December 31, 2006.", "A joint venture in which we own a 30% interest owned four neighborhood shopping centers totaling approximately 0.7 million square feet as of December 31, 2006.", "In total, the joint venture properties in which we own an interest were 98.7% leased at December 31, 2006.", "We have paid quarterly dividends to our shareholders continuously since our founding in 1962 and have increased our dividends per common share for 39 consecutive years.", "| Property, City, State, Zip Code| Year Completed| Year Acquired| Square Feet-1 /Apartment Units| Average Rent Per Square Foot| Percentage Leased-2| Principal Tenant(s)|\n|Mount Vernon/South Valley/7770 Richmond HwyAlexandria, VA 22306-3(6)(12)|1966-1974|2003/2006|565,000|$15.32|95%|Shoppers Food WarehouseBed, Bath & BeyondMichaelsHome DepotTJ MaxxGold’s Gym|\n|Old Keene MillSpringfield, VA 22152|1968|1976|92,000|$33.35|97%|Whole FoodsWalgreens|\n|Pan AmFairfax, VA 22031|1979|1993|227,000|$18.41|100%|MichaelsMicroCenterSafeway|\n|Pentagon RowArlington, VA 22202-12|2001-2002|1998/2010|296,000|$33.69|99%|Harris TeeterBed,Bath & BeyondBally Total FitnessDSW|\n|Pike 7 PlazaVienna, VA 22180-6|1968|1997|164,000|$38.11|100%|DSWStaplesTJ Maxx|\n|Shoppers’ WorldCharlottesville, VA 22091-12|1975-2001|2007|169,000|$11.92|94%|Whole FoodsStaples|\n|Shops at Willow LawnRichmond, VA 23230|1957|1983|480,000|$16.02|88%|KrogerOld NavyRoss Dress For LessStaples|\n|Tower Shopping CenterSpringfield, VA 22150|1960|1998|112,000|$24.04|91%|Talbots|\n|Tyson’s StationFalls Church, VA 22043-12|1954|1978|49,000|$39.43|100%|Trader Joe’s|\n|Village at ShirlingtonArlington, VA 22206-7|1940, 2006-2009|1995|255,000|$33.22|98%|AMC LoewsCarlyle Grand CaféHarrisTeeter|\n| Total All Regions—Retail-14||| 18,286,000| $22.77| 94%||\n| Total All Regions—Residential||| 903 units|| 95%||\n", "(1) Represents the physical square footage of the commercial portion of the property, which may differ from the gross leasable square footage used to express percentage leased.", "Some of our properties include office space which is included in this square footage but is not material in total.", "(2) Retail percentage leased is expressed as a percentage of rentable commercial square feet occupied or subject to a lease under which rent is currently payable and includes square feet covered by leases for stores not yet opened.", "Residential percentage leased is expressed as a percentage of units occupied or subject to a lease.", "(3) All or a portion of this property is owned pursuant to a ground lease.", "(4) We own the controlling interest in this center.", "(5) We own a 90% general and limited partnership interests in these buildings.", "(6) We own this property in a “downREIT” partnership, of which a wholly owned subsidiary of the Trust is the sole general partner, with third party partners holding operating partnership units.", "(7) All or a portion of this property is subject to a capital lease obligation.", "(8) We own a 64.1% membership interest in this property.", "(9) 50% of the ownership of this property is in a “downREIT” partnership, of which a wholly owned subsidiary of the Trust is the sole general partner, with third party partners holding operating partnership units.", "(10) Properties acquired through the Taurus Newbury Street JV II Limited Partnership or a joint venture arrangement with affiliates of a discretionary fund created and advised by ING Clarion Partners.", "(11) The Trust controls Melville Mall through a 20 year master lease and secondary financing to the owner.", "Because the Trust controls the activities that most significantly impact this property and retains substantially all of the economic benefit and risk associated with it, we consolidate this property and its operations.", "Item 2.", "Properties We employ a variety of assets in the management and operation of our rail business.", "Our rail network covers 23 states in the western two-thirds of the U. S."], "table_evidence": [45], "paragraph_evidence": [-1], "source": "multihiertt", "original_question_id": "f6af4df731d44ef8a74ae72330da5db5"}
{"question": "What's the total amount of active, iSharesETFs and Non-ETF index in 2016 in equity (in million)", "python_solution": "def solution():\n    # Define variables name and value\n    active_equity_2016 = 275033\n    iSharesETFs_equity_2016 = 951252\n    non_ETFI_index_equity_2016 = 1430891\n\n    # Do math calculation to get the answer\n    answer = active_equity_2016 + iSharesETFs_equity_2016 + non_ETFI_index_equity_2016\n    \n    return answer", "ground_truth": 2657176.0, "question_id": "simplong-testmini-35", "paragraphs": ["used to refinance certain indebtedness which matured in the fourth quarter of 2014.", "Interest is payable semi-annually in arrears on March 18 and September 18 of each year, or approximately $35 million per year.", "The 2024 Notes may be redeemed prior to maturity at any time in whole or in part at the option of the Company at a “make-whole” redemption price.", "The unamortized discount and debt issuance costs are being amortized over the remaining term of the 2024 Notes.2022 Notes.", "In May 2012, the Company issued $1.5 billion in aggregate principal amount of unsecured unsubordinated obligations.", "These notes were issued as two separate series of senior debt securities, including $750 million of 1.375% notes, which were repaid in June 2015 at maturity, and $750 million of 3.375% notes maturing in June 2022 (the “2022 Notes”).", "Net proceeds were used to fund the repurchase of BlackRock’s common stock and Series B Preferred from Barclays and affiliates and for general corporate purposes.", "Interest on the 2022 Notes of approximately $25 million per year is payable semi-annually on June 1 and December 1 of each year.", "The 2022 Notes may be redeemed prior to maturity at any time in whole or in part at the option of the Company at a “make-whole” redemption price.", "The “make-whole” redemption price represents a price, subject to the specific terms of the 2022 Notes and related indenture, that is the greater of (a) par value and (b) the present value of future payments that will not be paid because of an early redemption, which is discounted at a fixed spread over a comparable Treasury security.", "The unamortized discount and debt issuance costs are being amortized over the remaining term of the 2022 Notes.2021 Notes.", "In May 2011, the Company issued $1.5 billion in aggregate principal amount of unsecured unsubordinated obligations.", "These notes were issued as two separate series of senior debt securities, including $750 million of 4.25% notes maturing in May 2021 and $750 million of floating rate notes, which were repaid in May 2013 at maturity.", "Net proceeds of this offering were used to fund the repurchase of BlackRock’s Series B Preferred from affiliates of Merrill Lynch & Co. , Inc.  Interest on the 4.25% notes due in 2021 (“2021 Notes”) is payable semi-annually on May 24 and November 24 of each year, and is approximately $32 million per year.", "The 2021 Notes may be redeemed prior to maturity at any time in whole or in part at the option of the Company at a “make-whole” redemption price.", "The unamortized discount and debt issuance costs are being amortized over the remaining term of the 2021 Notes.2019 Notes.", "In December 2009, the Company issued $2.5 billion in aggregate principal amount of unsecured and unsubordinated obligations.", "These notes were issued as three separate series of senior debt securities including $0.5 billion of 2.25% notes, which were repaid in December 2012, $1.0 billion of 3.50% notes, which were repaid in December 2014 at maturity, and $1.0 billion of 5.0% notes maturing in December 2019 (the “2019 Notes”).", "Net proceeds of this offering were used to repay borrowings under the CP Program, which was used to finance a portion of the acquisition of Barclays Global Investors from Barclays on December 1, 2009, and for general corporate purposes.", "Interest on the 2019 Notes of approximately $50 million per year is payable semi-annually in arrears on June 10 and December 10 of each year.", "These notes may be redeemed prior to maturity at any time in whole or in part at the option of the Company at a “make-whole” redemption price.", "The unamortized discount and debt issuance costs are being amortized over the remaining term of the 2019 Notes.13.", "Commitments and Contingencies Operating Lease Commitments The Company leases its primary office spaces under agreements that expire through 2043.", "Future minimum commitments under these operating leases are as follows:", "|Year|Amount|\n|2018|141|\n|2019|132|\n|2020|126|\n|2021|118|\n|2022|109|\n|Thereafter|1,580|\n|Total|$2,206|\n", "In May 2017, the Company entered into an agreement with 50 HYMC Owner LLC, for the lease of approximately 847,000 square feet of office space located at 50 Hudson Yards, New York, New York.", "The term of the lease is twenty years from the date that rental payments begin, expected to occur in May 2023, with the option to renew for a specified term.", "The lease requires annual base rental payments of approximately $51 million per year during the first five years of the lease term, increasing every five years to $58 million, $66 million and $74 million per year (or approximately $1.2 billion in base rent over its twenty-year term).", "This lease is classified as an operating lease and, as such, is not recorded as a liability on the consolidated statements of financial condition.", "Rent expense and certain office equipment expense under lease agreements amounted to $132 million, $134 million and $136 million in 2017, 2016 and 2015, respectively.", "Investment Commitments.", "At December 31, 2017, the Company had $298 million of various capital commitments to fund sponsored investment funds, including consolidated VIEs.", "These funds include private equity funds, real assets funds, and opportunistic funds.", "This amount excludes additional commitments made by consolidated funds of funds to underlying third-party funds as third-party noncontrolling interest holders have the legal obligation to fund the respective commitments of such funds of funds.", "Generally, the timing of the funding of these commitments is unknown and the commitments are callable on demand at any time prior to the expiration of the commitment.", "These unfunded commitments are not recorded on the consolidated statements of financial condition.", "These commitments do not include potential future commitments approved by the Company that are not yet legally binding.", "The Company intends to make additional capital commitments from time to time to fund additional investment products for, and with, its clients.", "Contingencies Contingent Payments Related to Business Acquisitions.", "In connection with certain acquisitions, BlackRock is required to make contingent payments, subject to achieving specified performance targets, which may include revenue related to acquired contracts or new capital commitments for certain products.", "The fair value of the remaining aggregate contingent payments at December 31, 2017 totaled $236 million, including $128 million related to the First Reserve Transaction, and is included in other liabilities on the consolidated statements of financial condition.", "Institutional active AUM ended 2017 at $1.1 trillion, reflecting $5.9 billion of net inflows.", "Institutional active represented 19% of long-term AUM and 18% of long-term base fees.", "Growth in AUM reflected continued strength in multi-asset products with net inflows of $19.6 billion reflecting ongoing demand for solutions offerings and the LifePath?", "target-date suite.", "Alternatives net inflows of $0.6 billion were led by inflows into infrastructure, hedge fund solutions and alternatives solutions offerings.", "Excluding return of capital and investment of $6.0 billion, alternatives net inflows were $6.6 billion.", "In addition, 2017 was another strong fundraising year for illiquid alternatives, and we raised approximately $11 billion in new commitments, which will be a source of future net inflows.", "Equity and fixed income net outflows were $13.6 billion and $0.7 billion, respectively.", "Institutional index AUM totaled $2.3 trillion at December 31, 2017, reflecting net inflows of $49.1 billion.", "Fixed income net inflows of $87.5 billion were driven by demand for liability\u0002driven investment solutions, particularly in Europe.", "Equity net outflows of $34.8 billion were primarily due to low-fee regional index equity outflows as clients looked to re-allocate, re-balance or meet their cash needs.", "Alternatives net outflows of $2.9 billion reflected outflows from passive currency overlays.", "Institutional index represented 40% of long-term AUM at December 31, 2017 and accounted for 10% of long-term base fees for 2017.", "The Company’s institutional clients consist of the following: ?", "Pensions, Foundations and Endowments.", "BlackRock is among the world’s largest managers of pension plan assets with $2.403 trillion, or 69%, of long-term institutional AUM managed for defined benefit, defined contribution and other pension plans for corporations, governments and unions at December 31, 2017.", "The market landscape continues to shift from defined benefit to defined contribution, driving strong flows in our defined contribution channel, which had $46.5 billion of long-term net inflows for the year, driven by continued demand for our LifePath target-date suite.", "Defined contribution represented $887.1 billion of total pension AUM, and we remain well positioned to capitalize on the on-going evolution of the defined contribution market and demand for outcome-oriented investments.", "An additional $76.4 billion, or 2%, of long\u0002term institutional AUM was managed for other tax-exempt investors, including charities, foundations and endowments.  ?", "Official Institutions.", "BlackRock managed $195.3 billion, or 6%, of long-term institutional AUM for official institutions, including central banks, sovereign wealth funds, supranationals, multilateral entities and government ministries and agencies at year-end 2017.", "These clients often require specialized investment advice, the use of customized benchmarks and training support.  ?", "Financial and Other Institutions.", "BlackRock is a top independent manager of assets for insurance companies, which accounted for $274.3 billion, or 8%, of institutional long-term AUM at year-end 2017.", "Assets managed for other taxable institutions, including corporations, banks and third-party fund sponsors for which we provide sub-advisory services, totaled $506.9 billion, or 15%, of long-term institutional AUM at year-end.", "PRODUCT TYPE AND INVESTMENT STYLE Component changes in AUM by product type and investment style for 2017 are presented below.", "|(in millions)|December 31,2016|Net inflows (outflows)|Acquisition-1|Market change|FXimpact|December 31,2017|\n|Equity:|||||||\n|Active|$275,033|$-18,506|$—|$46,134|$8,548|$311,209|\n|iSharesETFs|951,252|174,377|—|189,472|14,509|1,329,610|\n|Non-ETF index|1,430,891|-25,725|—|289,829|35,827|1,730,822|\n|Equity subtotal|2,657,176|130,146|—|525,435|58,884|3,371,641|\n|Fixed income:|||||||\n|Active|749,996|21,541|—|28,800|14,798|815,135|\n|iSharesETFs|314,707|67,451|—|4,497|8,597|395,252|\n|Non-ETF index|507,662|89,795|—|14,324|33,297|645,078|\n|Fixed income subtotal|1,572,365|178,787|—|47,621|56,692|1,855,465|\n|Multi-asset|395,007|20,330|—|49,560|15,381|480,278|\n|Alternatives:|||||||\n|Core|88,630|780|3,264|3,438|2,421|98,533|\n|Currency and commodities|28,308|197|—|1,813|496|30,814|\n|Alternatives subtotal|116,938|977|3,264|5,251|2,917|129,347|\n|Long-term|4,741,486|330,240|3,264|627,867|133,874|5,836,731|\n|Cash management|403,584|38,259|—|1,239|6,867|449,949|\n|Advisory|2,782|-1,245|—|-205|183|1,515|\n|Total|$5,147,852|$367,254|$3,264|$628,901|$140,924|$6,288,195|\n", "(1) Amount represents AUM acquired in the First Reserve Transaction.", "occurs, at which time they are recorded as adjustments to interest expense over the term of the related notes.", "At December 31, 2005, AOCI included a deferred loss of $4.1 million, net of tax, related to an interest rate swap.", "This amount is being reclassified into earnings as adjustments to interest expense over the term of the Company’s 51?4% senior notes due 2014.", "At December 31, 2004, the amount of deferred loss included in AOCI was $4.6 million, net of tax.", "The amounts amortized to interest expense were $0.8 million and $0.5 million for the years ending December 31, 2005 and 2004, respectively.", "Note 13 – Equity Method Investments Noble Energy owns a 45% interest in Atlantic Methanol Production Company, LLC (‘‘AMPCO’’), which owns and operates a methanol production facility and related facilities in Equatorial Guinea and a 28% interest in Alba Plant, LLC (‘‘Alba Plant’’), which owns and operates a liquefied petroleum gas (‘‘LPG’’) processing plant.", "Construction of the Alba Plant was funded primarily through advances by the Company and other owners in exchange for notes payable by the Alba Plant.", "The notes mature on December 31, 2011 and bear interest at the 90-day LIBOR rate plus 3%.", "Noble Energy owns 50% interests in AMPCO Marketing, LLC and AMPCO Services, LLC, which provide technical and consulting services.", "These investments, which are accounted for using the equity method, are included in equity method investments on the Company’s balance sheets, and the Company’s share of earnings is reported as income from equity method investments on the Company’s statements of operations.", "Summarized, 100% combined financial information for equity method investees was as follows: Balance Sheet Information", "| | December 31, |\n| | 2005 | 2004 |\n| | (in thousands) |\n|Current assets|$274,484|$174,864|\n|Noncurrent assets|877,402|826,499|\n|Current liabilities|119,912|118,784|\n|Noncurrent liabilities|450,156|381,509|\n", "Statements of Operations Information"], "table_evidence": [67], "paragraph_evidence": [66], "source": "multihiertt", "original_question_id": "ada8e738988847ae98317bfc1985941c"}
{"question": "what is the total value of rsus converted to bhge rsus , in millions?", "python_solution": "def solution():\n    # Define variables name and value\n    number_of_rsus = 1.7\n    value_per_rsu = 40.18\n    \n    # Do math calculation to get the answer\n    answer = number_of_rsus * value_per_rsu\n    \n    return answer", "ground_truth": 68.306, "question_id": "simplong-testmini-36", "paragraphs": ["Supplemental Financial Data We view net interest income and related ratios and analyses (i. e. , efficiency ratio and net interest yield) on a FTE basis.", "Although these are non-GAAP measures, we believe managing the business with net interest income on a FTE basis provides a more accurate picture of the interest margin for com\u0002parative purposes.", "To derive the FTE basis, net interest income is adjusted to reflect tax-exempt income on an equivalent before-tax basis with a corre\u0002sponding increase in income tax expense.", "For purposes of this calculation, we use the federal statutory tax rate of 35 percent.", "This measure ensures comparability of net interest income arising from taxable and tax-exempt sources.", "As mentioned above, certain per formance measures including the effi\u0002ciency ratio and net interest yield utilize net interest income (and thus total revenue) on a FTE basis.", "The efficiency ratio measures the costs expended to generate a dollar of revenue, and net interest yield evaluates how many basis points we are earning over the cost of funds.", "During our annual planning process, we set efficiency targets for the Corporation and each line of business.", "We believe the use of these non-GAAP measures provides addi\u0002tional clarity in assessing our results.", "Targets vary by year and by business and are based on a variety of factors including maturity of the business, competitive environment, market factors and other items including our risk appetite.", "We also evaluate our business based on the following ratios that utilize tangible equity, a non-GAAP measure.", "Return on average tangible common shareholders’ equity measures our earnings contribution as a percentage of common shareholders’ equity plus any Common Equivalent Securities (CES) less goodwill and intangible assets, (excluding MSRs), net of related deferred tax liabilities.", "ROTE measures our earnings contribution as a percentage of average shareholders’ equity less goodwill and intangible assets (excluding MSRs), net of related deferred tax liabilities.", "The tangible common equity ratio represents common shareholders’ equity plus any CES less goodwill and intangible assets (excluding MSRs), net of related deferred tax liabilities divided by total assets less goodwill and intangible assets (excluding MSRs), net of related deferred tax liabilities.", "The tangible equity ratio represents total shareholders’ equity less goodwill and intangible assets (excluding MSRs), net of related deferred tax liabilities divided by total assets less goodwill and intangible assets (excluding MSRs), net of related deferred tax liabilities.", "Tangible book value per common share represents ending common share\u0002holders’ equity less goodwill and intangible assets (excluding MSRs), net of related deferred tax liabilities divided by ending common shares outstanding plus the number of common shares issued upon conversion of common equivalent shares.", "These measures are used to evaluate our use of equity (i. e. , capital).", "In addition, profitability, relationship and investment models all use ROTE as key measures to support our overall growth goals.", "The aforementioned supplemental data and per formance measures are presented in Tables 6 and 7 and Statistical Tables XII and XIV.", "In addition, in Table 7 and Statistical Table XIV, we have excluded the impact of goodwill impairment charges of $12.4 billion recorded in 2010 when presenting earnings and diluted earnings per common share, the efficiency ratio, return on average assets, return on average common shareholders’ equity, return on average tangible common shareholders’ equity and ROTE.", "Accordingly, these are non-GAAP measures.", "Statistical Tables XIII and XV provide reconciliations of these non-GAAP measures with financial measures defined by GAAP.", "We believe the use of these non-GAAP measures provides additional clarity in assessing the results of the Corporation.", "Other companies may define or calculate these measures and ratios differently", "|(Dollars in millions, except per share information)|2010|2009|2008|2007|2006|\n| Fully taxable-equivalent basis data||||||\n|Net interest income|$52,693|$48,410|$46,554|$36,190|$35,818|\n|Total revenue, net of interest expense|111,390|120,944|73,976|68,582|74,000|\n|Net interest yield-1|2.78%|2.65%|2.98%|2.60%|2.82%|\n|Efficiency ratio|74.61|55.16|56.14|54.71|48.37|\n| Performance ratios, excluding goodwill impairment charges-2||||||\n|Per common share information||||||\n|Earnings|$0.87|||||\n|Diluted earnings|0.86|||||\n|Efficiency ratio|63.48%|||||\n|Return on average assets|0.42|||||\n|Return on average common shareholders’ equity|4.14|||||\n|Return on average tangible common shareholders’ equity|7.03|||||\n|Return on average tangible shareholders’ equity|7.11|||||\n", "(1) Calculation includes fees earned on overnight deposits placed with the Federal Reserve of $368 million and $379 million for 2010 and 2009.", "The Corporation did not have fees earned on overnight deposits during 2008, 2007 and 2006.", "(2) Per formance ratios are calculated excluding the impact of goodwill impairment charges of $12.4 billion recorded during 2010.", "Baker Hughes, a GE company Notes to Consolidated and Combined Financial Statements issuance pursuant to awards granted under the LTI Plan over its term which expires on the date of the annual meeting of the Company in 2027.", "A total of 53.7 million shares of Class A common stock are available for issuance as of December 31, 2017.", "As a result of the acquisition of Baker Hughes, on July 3, 2017, each outstanding Baker Hughes stock option was converted into an option to purchase a share of Class A common stock in the Company.", "Consequently, we issued 6.8 million stock options which are fully vested.", "Each converted option is subject to the same terms and conditions as applied to the original option, and the per share exercise price of each converted option was reduced by $17.50 to reflect the per share amount of the special dividend pursuant to the agreement associated with the Transactions.", "Additionally, as a result of the acquisition of Baker Hughes, there were 1.7 million Baker Hughes restricted stock units (RSUs) that were converted to BHGE RSUs at a fair value of $40.18.", "Stock-based compensation cost is measured at the date of grant based on the calculated fair value of the award and is generally recognized on a straight-line basis over the vesting period of the equity grant.", "The compensation cost is determined based on awards ultimately expected to vest; therefore, we have reduced the cost for estimated forfeitures based on historical forfeiture rates.", "Forfeitures are estimated at the time of grant and revised, if necessary, in subsequent periods to reflect actual forfeitures.", "There were no stock-based compensation costs capitalized as the amounts were not material.", "During the year ended December 31, 2017, we issued 2.1 million RSUs and 1.6 million stock options under the LTI Plan.", "These RSUs and stock options generally vest in equal amounts over a three-year vesting period provided that the employee has remained continuously employed by the Company through such vesting date.", "Stock based compensation expense was $37 million in 2017.", "Included in this amount is $15 million of expense which relates to the acceleration of equity awards upon termination of employment of Baker Hughes employees with change in control agreements, and are included as part of \"Merger and related costs\" in the consolidated and combined statements of income (loss).", "As BHGE LLC is a pass through entity, any tax benefit would be recognized by its partners.", "Due to its cumulative losses, BHGE is unable to recognize a tax benefit on its share of stock related expenses.", "Stock Options The fair value of each stock option granted is estimated using the Black-Scholes option pricing model.", "The following table presents the weighted average assumptions used in the option pricing model for options granted under the LTI Plan.", "The expected life of the options represents the period of time the options are expected to be outstanding.", "The expected life is based on a simple average of the vesting term and original contractual term of the awards.", "The expected volatility is based on the historical volatility of our five main competitors over a six year period.", "The risk-free interest rate is based on the observed U. S.  Treasury yield curve in effect at the time the options were granted.", "The dividend yield is based on a five year history of dividend payouts in Baker Hughes.", "||2017|\n|Expected life (years)|6|\n|Risk-free interest rate|2.1%|\n|Volatility|36.4%|\n|Dividend yield|1.2%|\n|Weighted average fair value per share at grant date|$12.32|\n", "NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) Fiscal years ended May 25, 2008, May 27, 2007, and May 28, 2006 Columnar Amounts in Millions Except Per Share Amounts The following table presents estimated future gross benefit payments and Medicare Part D subsidy receipts for the Company’s plans:", "|||Health Care and Life Insurance|\n|| Pension  Benefits| Benefit Payments|Subsidy Receipts|\n|2009|$125.1|$44.2|$-4.3|\n|2010|129.2|45.1|-4.5|\n|2011|133.7|45.4|-4.4|\n|2012|137.7|45.2|-4.3|\n|2013|143.3|43.7|-4.1|\n|Succeeding 5 years|805.6|196.2|-18.2|\n", "Certain employees of the Company are covered under defined contribution plans.", "The expense related to these plans was $24.4 million, $22.9 million, and $25.9 million in fiscal 2008, 2007, and 2006, respectively.19.", "RELATED PARTY TRANSACTIONS Sales to affiliates (equity method investees) of $4.2 million, $3.8 million, and $2.9 million for fiscal 2008, 2007, and 2006, respectively, are included in net sales.", "The Company received management fees from affiliates of $16.3 million, $14.8 million, and $13.5 million in fiscal 2008, 2007, and 2006, respectively.", "Accounts receivable from affiliates totaled $3.2 million and $2.5 million at May 25, 2008 and May 27, 2007, respectively, of which $3.0 million and $2.1 million are included in current assets held for sale, respectively.", "Accounts payable to affiliates totaled $15.6 million and $13.5 million at May 25, 2008 and May 27, 2007, respectively.", "During the first quarter of fiscal 2007, the Company sold an aircraft for proceeds of approximately $8.1 million to a company on whose board of directors one of the Company’s directors sits.", "The Company recognized a gain of approximately $3.0 million on the transaction.", "The Company leases various buildings that are beneficially owned by Opus Corporation or entities related to Opus Corporation (the “Opus Entities”).", "The Opus Entities are affiliates or part of a large, national real estate development company.", "A former member of the Company’s Board of Directors, who left the board in the second quarter of fiscal 2008, is a beneficial owner, officer and chairman of Opus Corporation, and a director or officer of the related entities.", "The agreements relate to the leasing of land, buildings, and equipment for the Company in Omaha, Nebraska.", "The Company occupies the buildings pursuant to long-term leases with Opus Corporation and other investors, and the leases contain various termination rights and purchase options.", "The Company made rental payments of $13.5 million, $14.4 million, and $15.8 million in fiscal 2008, 2007, and 2006, respectively, to the Opus Entities.", "The Company has also contracted with the Opus Entities for construction and property management services.", "The Company made payments of $1.6 million, $2.8 million, and $3.0 million to the Opus Entities for these services in fiscal 2008, 2007, and 2006, respectively.20.  BUSINESS SEGMENTS AND RELATED INFORMATION The Company’s operations are organized into three reporting segments: Consumer Foods, Food and Ingredients, and International Foods.", "The Consumer Foods reporting segment includes branded, private label, and customized food products which are sold in various retail and foodservice channels.", "The products include a variety of categories (meals, entrees, condiments, sides, snacks, and desserts) across frozen, refrigerated, and", "services revenue net of direct expenses reflecting higher financially reportable develop\u0002ment revenue; and $65 million of stronger owned, leased, corporate housing and other revenue net of direct expenses.", "The fee improvement versus the prior year also reflects the recognition in 2005 of $14 million of incentive fees that were calculated based on prior period results, but not earned and due until 2005.", "The increase in owned, leased, cor\u0002porate housing and other revenue net of direct expenses is primarily attributable to properties acquired in 2005, including the CTF properties, the strong demand environ\u0002ment in 2005, and our receipt in 2005, of a $10 million termination fee associated with one property that left our system.", "The favorable items noted above were partially offset by $146 million of increased general and administrative expenses and $46 million of lower synthetic fuel revenue net of synthetic fuel expenses.", "Increased general and administrative expenses were associ\u0002ated with our Lodging segments as unallocated general and administrative expenses were down slightly compared to the prior year.", "The increase in general, administrative and other expenses reflects a $94 million pre-tax charge impacting our Full-Service Lodging segment, primarily due to the non-cash write-off of deferred contract acquisi\u0002tion costs associated with the termination of management agreements (discussed more fully later in this report in the “CTF Holdings Ltd. ” discussion under the “Investing Activities Cash Flows” caption in the “Liquidity and Capital Resources” section), and $30 million of pre-tax expenses associated with our bedding incentive program, impacting our Full-Service, Select-Service and Extended-Stay Lodging segments.", "We implemented the bedding incentive program in 2005 to ensure that guests could enjoy the comfort and luxury of our new bedding by year-end 2005.", "General and administra\u0002tive expenses in 2005 also reflect pre-tax performance termination cure payments of $15 million associated with two properties, a $9 million pre-tax charge associated with three guarantees, increased other net overhead costs of $13 million including costs related to the Company’s unit growth, development and systems, and $2 million of increased foreign exchange losses partially offset by $5 million of lower litigation expenses.", "Additionally, in 2004, general and administrative expenses included a $13 million charge associated with the write-off of deferred contract acquisition costs.", "Operating income for 2005 includes a synthetic fuel operating loss of $144 million versus $98 million of operating losses in the prior year, reflecting increased costs and the consolidation of our synthetic fuel operations from the start of the 2004 second quarter, which resulted in the recognition of revenue and expenses for all of 2005 versus only three quarters in 2004, as we accounted for the synthetic fuel operations using the equity method of accounting in the 2004 first quarter.", "For additional infor\u0002mation, see our “Synthetic Fuel” segment discussion later in this report.2004 COMPARED TO 2003 Operating income increased $100 million to $477 million in 2004 from $377 million in 2003.", "The increase is primarily due to higher fees, which are related both to stronger RevPAR, driven by increased occupancy and average daily rate, and to the growth in the number of rooms, and strong timeshare results, which are mainly attributable to strong demand and improved margins, partially offset by higher general and administrative expenses.", "General, administrative and other expenses increased $84 million in 2004 to $607 million from $523 million in 2003, primarily reflecting higher administrative expenses in our Full-Service, Select-Service, and Extended-Stay segments ($55 million) and Timeshare segment ($24 million), primarily associated with increased overhead costs related to the Company’s unit growth and timeshare development, and a $10 million reduction in foreign exchange gains, offset by $6 million of lower litigation expenses.", "Higher general and administrative expenses of $84 million also reflect a $13 million write\u0002off of deferred contract acquisition costs as further discussed in the “2004 Compared to 2003” caption under the “Select-Service Lodging” heading later in this report.", "Gains and Other Income The following table shows our gains and other income for 2005, 2004, and 2003."], "table_evidence": [-1], "paragraph_evidence": [33], "source": "multihiertt", "original_question_id": "9affde6170bc49b59283cebb8d92396d"}
{"question": "What is the total amount of Corporate notes and bonds of 2010 Fair Value, and Net sales of 2011 ?", "python_solution": "def solution():\n    # Define variables name and value\n    corporate_notes_and_bonds_2010_fair_value = 1133.0\n    net_sales_2011 = 9381.0\n\n    # Do math calculation to get the answer\n    answer = corporate_notes_and_bonds_2010_fair_value + net_sales_2011\n\n    return answer", "ground_truth": 10514.0, "question_id": "simplong-testmini-37", "paragraphs": ["Aeronautics’ operating profit for 2012 increased $69 million, or 4%, compared to 2011.", "The increase was attributable to higher operating profit of approximately $105 million from C-130 programs due to an increase in risk retirements; about $50 million from F-16 programs due to higher aircraft deliveries partially offset by a decline in risk retirements; approximately $50 million from F-35 production contracts due to increased production volume and risk retirements; and about $50 million from the completion of purchased intangible asset amortization on certain F-16 contracts.", "Partially offsetting the increases was lower operating profit of about $90 million from the F-35 development contract primarily due to the inception-to-date effect of reducing the profit booking rate in the second quarter of 2012; approximately $50 million from decreased production volume and risk retirements on the F-22 program partially offset by a resolution of a contractual matter in the second quarter of 2012; and approximately $45 million primarily due to a decrease in risk retirements on other sustainment activities partially offset by various other Aeronautics programs due to increased risk retirements and volume.", "Operating profit for C-5 programs was comparable to 2011.", "Adjustments not related to volume, including net profit booking rate adjustments and other matters described above, were approximately $30 million lower for 2012 compared to 2011.", "Backlog Backlog decreased in 2013 compared to 2012 mainly due to lower orders on F-16, C-5, and C-130 programs, partially offset by higher orders on the F-35 program.", "Backlog decreased in 2012 compared to 2011 mainly due to lower orders on F-35 and C-130 programs, partially offset by higher orders on F-16 programs.", "Trends We expect Aeronautics’ net sales to increase in 2014 in the mid-single digit percentage range as compared to 2013 primarily due to an increase in net sales from F-35 production contracts.", "Operating profit is expected to increase slightly from 2013, resulting in a slight decrease in operating margins between the years due to program mix.", "Information Systems & Global Solutions Our IS&GS business segment provides advanced technology systems and expertise, integrated information technology solutions, and management services across a broad spectrum of applications for civil, defense, intelligence, and other government customers.", "IS&GS has a portfolio of many smaller contracts as compared to our other business segments.", "IS&GS has been impacted by the continued downturn in federal information technology budgets.", "IS&GS’ operating results included the following (in millions):", "||2013|2012|2011|\n|Net sales|$8,367|$8,846|$9,381|\n|Operating profit|759|808|874|\n|Operating margins|9.1%|9.1%|9.3%|\n|Backlog at year-end|8,300|8,700|9,300|\n", "2013 compared to 2012 IS&GS’ net sales decreased $479 million, or 5%, for 2013 compared to 2012.", "The decrease was attributable to lower net sales of about $495 million due to decreased volume on various programs (command and control programs for classified customers, NGI, and ERAM programs); and approximately $320 million due to the completion of certain programs (such as Total Information Processing Support Services, the Transportation Worker Identification Credential (TWIC), and ODIN).", "The decrease was partially offset by higher net sales of about $340 million due to the start-up of certain programs (such as the DISA GSM-O and the National Science Foundation Antarctic Support).", "IS&GS’ operating profit decreased $49 million, or 6%, for 2013 compared to 2012.", "The decrease was primarily attributable to lower operating profit of about $55 million due to certain programs nearing the end of their lifecycles, partially offset by higher operating profit of approximately $15 million due to the start-up of certain programs.", "Adjustments not related to volume, including net profit booking rate adjustments and other matters, were comparable for 2013 compared to 2012.2012 compared to 2011 IS&GS’ net sales for 2012 decreased $535 million, or 6%, compared to 2011.", "The decrease was attributable to lower net sales of approximately $485 million due to the substantial completion of various programs during 2011 (primarily JTRS; ODIN; and U. K.  Census); and about $255 million due to lower volume on numerous other programs (primarily Hanford;", "The table below provides information on the location and pretax gain or loss amounts for derivatives that are: (i) designated in a fair value hedging relationship, (ii) designated in a cash flow hedging relationship, (iii) designated in a foreign currency net investment hedging relationship and (iv) not designated in a hedging relationship", "|Years Ended December 31|2011|2010|\n|Derivatives designated in fair value hedging relationships|||\n|Interest rate swap contracts|||\n|Amount of gain recognized inOther (income) expense, neton derivatives|$-196|$-23|\n|Amount of loss recognized inOther (income) expense, neton hedged item|196|23|\n|Derivatives designated in foreign currency cash flow hedging relationships|||\n|Foreign exchange contracts|||\n|Amount of loss reclassified fromAOCItoSales|85|7|\n|Amount of loss (gain) recognized inOCIon derivatives|143|-103|\n|Derivatives designated in foreign currency net investment hedging relationships|||\n|Foreign exchange contracts|||\n|Amount of gain recognized inOther (income) expense, netonderivatives(1)|-10|-1|\n|Amount of loss recognized inOCIon deriviatives|122|24|\n|Derivatives not designated in a hedging relationship|||\n|Foreign exchange contracts|||\n|Amount of gain recognized inOther (income) expense, netonderivatives(2)|-113|-33|\n|Amount of gain recognized inSales|—|-81|\n", "(1) There was no ineffectiveness on the hedge.", "Represents the amount excluded from hedge effectiveness testing.", "(2) These derivative contracts mitigate changes in the value of remeasured foreign currency denominated monetary assets and liabilities attributable to changes in foreign currency exchange rates.", "At December 31, 2011, the Company estimates $18 million of pretax net unrealized losses on derivatives maturing within the next 12 months that hedge foreign currency denominated sales over that same period will be reclassified from AOCI to Sales.", "The amount ultimately reclassified to Sales may differ as foreign exchange rates change.", "Realized gains and losses are ultimately determined by actual exchange rates at maturity.", "Investments in Debt and Equity Securities Information on available-for-sale investments at December 31 is as follows:", "|| 2011|2010|\n|||| Gross Unrealized|||Gross Unrealized|\n|| Fair Value| Amortized Cost| Gains| Losses|Fair Value|Amortized Cost|Gains|Losses|\n|Corporate notes and bonds|$2,032|$2,024|$16|$-8|$1,133|$1,124|$12|$-3|\n|Commercial paper|1,029|1,029|—|—|1,046|1,046|—|—|\n|U.S. government and agency securities|1,021|1,018|3|—|500|501|1|-2|\n|Municipal securities|—|—|—|—|361|359|4|-2|\n|Asset-backed securities|292|292|1|-1|171|170|1|—|\n|Mortgage-backed securities|223|223|1|-1|112|108|5|-1|\n|Foreign government bonds|72|72|—|—|10|10|—|—|\n|Other debt securities|3|1|2|—|3|1|2|—|\n|Equity securities|397|383|14|—|321|295|34|-8|\n||$5,069|$5,042|$37|$-10|$3,657|$3,614|$59|$-16|\n", "Available-for-sale debt securities included in Short-term investments totaled $1.4 billion at December 31, 2011.", "Of the remaining debt securities, $2.9 billion mature within five years.", "At December 31, 2011, there were no debt securities pledged as collateral.", "The table below provides a summary of the changes in fair value of all financial assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3):", "|Years Ended December 31|2011|2010|\n|Beginning balance January 1|$13|$72|\n|Sales|-13|-67|\n|Total realized and unrealized gains (losses)Included in:|||\n|Earnings-1|—|18|\n|Comprehensive income|—|-10|\n|Ending balance December 31|$—|$13|\n|Losses recorded in earnings for Level 3 assets still held atDecember 31|$—|$—|\n", "(1) Amounts are recorded in Other (income) expense, net.", "Financial Instruments Not Measured at Fair Value Some of the Company’s financial instruments are not measured at fair value on a recurring basis but are recorded at amounts that approximate fair value due to their liquid or short-term nature, such as cash and cash equivalents, receivables and payables.", "The estimated fair value of loans payable and long-term debt (including current portion) at December 31, 2011 was $19.5 billion compared with a carrying value of $17.5 billion and at December 31, 2010 was $18.7 billion compared with a carrying value of $17.9 billion.", "Fair value was estimated using quoted dealer prices.", "Concentrations of Credit Risk On an ongoing basis, the Company monitors concentrations of credit risk associated with corporate and government issuers of securities and financial institutions with which it conducts business.", "Credit exposure limits are established to limit a concentration with any single issuer or institution.", "Cash and investments are placed in instruments that meet high credit quality standards, as specified in the Company’s investment policy guidelines.", "Approximately three-quarters of the Company’s cash and cash equivalents are invested in three highly rated money market funds.", "The majority of the Company’s accounts receivable arise from product sales in the United States and Europe and are primarily due from drug wholesalers and retailers, hospitals, government agencies, managed health care providers and pharmacy benefit managers.", "The Company monitors the financial performance and creditworthiness of its customers so that it can properly assess and respond to changes in their credit profile.", "The Company also continues to monitor economic conditions, including the volatility associated with international sovereign economies, and associated impacts on the financial markets and its business, taking into consideration the global economic downturn and the sovereign debt issues in certain European countries.", "The Company continues to monitor the credit and economic conditions within Greece, Spain, Italy and Portugal, among other members of the EU.", "These deteriorating economic conditions, as well as inherent variability of timing of cash receipts, have resulted in, and may continue to result in, an increase in the average length of time that it takes to collect accounts receivable outstanding.", "As such, time value of money discounts have been recorded for those customers for which collection of accounts receivable is expected to be in excess of one year.", "The Company does not expect to have write-offs or adjustments to accounts receivable which would have a material adverse effect on its financial position, liquidity or results of operations.", "As of December 31, 2011, the Company’s accounts receivable in Greece, Italy, Spain and Portugal totaled approximately $1.6 billion.", "Of this amount, hospital and public sector receivables were approximately $1.1 billion in the aggregate, of which approximately 8%, 36%, 47% and 9% related to Greece, Italy, Spain and Portugal, respectively.", "As of December 31, 2011, the Company’s total accounts receivable outstanding for more than one year were approximately $400 million, of which approximately 90% related to accounts receivable in Greece, Italy, Spain and Portugal, mostly comprised of hospital and public sector receivables.", "Other Animal Health Animal Health includes pharmaceutical and vaccine products for the prevention, treatment and control of disease in all major farm and companion animal species.", "Animal Health sales are affected by intense competition and the frequent introduction of generic products.", "Global sales of Animal Health products grew 11% in 2011 to $3.3 billion from $2.9 billion in 2010.", "Foreign exchange favorably affected global sales performance by 3% in 2011.", "The increase in sales was driven by positive performance among cattle, swine, poultry and companion animal products.", "Global sales of Animal Health products were $494 million for the post-Merger period in 2009.", "Consumer Care Consumer Care products include over-the-counter, foot care and sun care products such as Claritin non-drowsy antihistamines; Dr.  Scholl’s foot care products; Coppertone sun care products; and MiraLAX, a treatment for occasional constipation.", "Global sales of Consumer Care products increased 1% in 2011 to $1.8 billion reflecting strong performance of Coppertone, offset by declines in Dr.  Scholl’s and Claritin.", "Consumer Care product sales were $149 million for the post-Merger period in 2009.", "Consumer Care product sales are affected by competition and consumer spending patterns.", "Alliances AstraZeneca has an option to buy Merck’s interest in a subsidiary, and through it, Merck’s interest in Nexium and Prilosec, exercisable in 2012, and the Company believes that it is likely that AstraZeneca will exercise that option (see “Selected Joint Venture and Affiliate Information” below).", "If AstraZeneca exercises its option, the Company will no longer record equity income from AZLP and supply sales to AZLP will decline substantially."], "table_evidence": [13, 30], "paragraph_evidence": [-1], "source": "multihiertt", "original_question_id": "f315e4b976894fd79105ad6733b481e6"}
{"question": "What was the average value of Service cost, Interest cost, Employer contributions in 2015 for Pension Benefits? (in million)", "python_solution": "def solution():\n    # Define variables name and value\n    service_cost = 150\n    interest_cost = 242\n    employer_contributions = 103\n    const_3 = 3\n\n    # Do math calculation to get the answer\n    average_value = (service_cost + interest_cost + employer_contributions) / const_3\n    \n    return average_value", "ground_truth": 165.0, "question_id": "simplong-testmini-38", "paragraphs": ["The funded status of the Company's plans as of December 31, 2015 and 2014, was as follows", "||Pension Benefits December 31|Other Benefits December 31|\n|($ in millions)|2015|2014|2015|2014|\n|Change in Benefit Obligation|||||\n|Benefit obligation at beginning of year|$5,671|$4,730|$650|$616|\n|Service cost|150|136|13|13|\n|Interest cost|242|253|27|30|\n|Plan participants' contributions|11|26|6|7|\n|Actuarial loss (gain)|-254|714|-91|24|\n|Benefits paid|-185|-168|-39|-40|\n|Curtailments|—|-20|—|—|\n|Benefit obligation at end of year|5,635|5,671|566|650|\n|Change in Plan Assets|||||\n|Fair value of plan assets at beginning of year|4,731|4,310|—|—|\n|Actual return on plan assets|-47|437|—|—|\n|Employer contributions|103|126|33|33|\n|Plan participants' contributions|11|26|6|7|\n|Benefits paid|-185|-168|-39|-40|\n|Fair value of plan assets at end of year|4,613|4,731|—|—|\n|Funded status|$-1,022|$-940|$-566|$-650|\n|Amounts Recognized in the Consolidated Statements of Financial Position:|||||\n|Pension plan assets|$—|$17|$—|$—|\n|Current liability-1|-21|-18|-143|-143|\n|Non-current liability-2|-1,001|-939|-423|-507|\n|Accumulated other comprehensive loss (income) (pre-tax) related to:|||||\n|Prior service costs (credits)|86|105|-105|-125|\n|Net actuarial loss (gain)|1,433|1,374|-21|73|\n", "(1) Included in other current liabilities and current portion of postretirement plan liabilities, respectively.", "(2) Included in pension plan liabilities and other postretirement plan liabilities, respectively.", "The Projected Benefit Obligation (\"PBO\"), Accumulated Benefit Obligation (\"ABO\"), and asset values for the Company's qualified pension plans were $5,490 million, $5,146 million, and $4,613 million, respectively, as of December 31, 2015, and $5,529 million, $5,124 million, and $4,731 million, respectively, as of December 31, 2014.", "The PBO represents the present value of pension benefits earned through the end of the year, with allowance for future salary increases.", "The ABO is similar to the PBO, but does not provide for future salary increases.", "The PBO and fair value of plan assets for all qualified and non-qualified pension plans with PBOs in excess of plan assets were $5,635 million and $4,613 million, respectively, as of December 31, 2015, and $4,394 million and $3,438 million, respectively, as of December 31, 2014.", "The ABO and fair value of plan assets for all qualified and non-qualified pension plans with ABOs in excess of plan assets were $4,051 million and $3,391 million, respectively, as of December 31, 2015, and $3,981 million and $3,438 million, respectively, as of December 31, 2014.", "The ABO for all pension plans was $5,273 million and $5,244 million as of December 31, 2015 and 2014, respectively.", "The changes in amounts recorded in accumulated other comprehensive income (loss) were as follows:", "FAS/CAS Adjustment The FAS/CAS Adjustment represents the difference between our pension and postretirement plan expense under FAS and under CAS.", "||Year Ended December 31|2015 over 2014|2014 over 2013|\n|($ in millions)|2015|2014|2013|Dollars|Percent|Dollars|Percent|\n|FAS expense|$-168|$-155|$-257|$-13|-8%|$102|40%|\n|CAS cost|272|227|196|45|20%|31|16%|\n|FAS/CAS Adjustment|$104|$72|$-61|$32|44%|$133|218%|\n", "2015 - The FAS/CAS Adjustment in 2015 was a net benefit of $104 million, compared to a net benefit of $72 million in 2014.", "The favorable change was driven by the phase-in of Harmonization and better than expected 2014 asset returns, partially offset by higher FAS expense primarily due to lower discount rates at the end of 2014.2014 - The FAS/CAS Adjustment in 2014 was a net benefit of $72 million, compared to a net expense of $61 million in 2013.", "The favorable change was driven by lower FAS expense, due primarily to higher discount rates and plan assets at the end of 2013, the full year effect of the 2013 postretirement benefits amendment, and the phase-in of Harmonization.", "We expect the FAS/CAS Adjustment in 2016 to be a net benefit of approximately $137 million ($161 million FAS and $298 million CAS), primarily driven by the continued phase-in of Harmonization and higher FAS discount rates, partially offset by lower than expected 2015 asset returns.", "The expected FAS/CAS Adjustment is subject to change during 2016, when we remeasure our actuarial estimate of the unfunded benefit obligation for CAS with updated census data and other items.", "Deferred State Income Taxes Deferred state income taxes reflect the change in deferred state tax assets and liabilities in the relevant period.", "These amounts are recorded within operating income, while the current period state income tax expense is charged to contract costs and included in cost of sales and service revenues in segment operating income.2015 - The deferred state income tax expense remained constant at $2 million in 2015 and 2014.", "Deferred state tax expense in 2015 was primarily attributable to changes in the timing of contract taxable income and pension related adjustments, partially offset by a reduction in the valuation allowance for state tax credit carryforwards.2014 - The deferred state income tax expense in 2014 was $2 million, compared to a benefit of $6 million in 2013.", "This change was primarily attributable to non-recurring adjustments related to establishing a valuation allowance for a state tax loss carryforward and the true-up of 2013 deferred taxes.", "These increases were partially offset by changes in the timing of contract taxable income and reserves that are not currently deductible for tax purposes.", "Interest Expense 2015 - Interest expense in 2015 was $137 million, compared to $149 million in 2014.", "The decrease was primarily a result of refinancing 6.875% senior notes with 5.000% senior notes and repayment in full of the term loans, partially offset by loss on early extinguishment of debt.", "See Note 14: Debt in Item 8.2014 - Interest expense in 2014 was $149 million, compared to $118 million in 2013.", "The increase was primarily a result of a loss on the early extinguishment of debt in the fourth quarter of 2014.", "See Note 14: Debt in Item 8.", "Federal Income Taxes 2015 - Our effective tax rate on earnings from continuing operations was 36.1% in 2015, compared to 33.3% in 2014.", "The increase in our effective tax rate for 2015 was primarily attributable to adjustments to the domestic manufacturing deduction and an increase in the goodwill impairment that is not amortizable for tax purposes.", "Advance Payments and Billings in Excess of Revenues - Payments received in excess of inventoried costs and revenues are recorded as advance payment liabilities.", "Property, Plant, and Equipment - Depreciable properties owned by the Company are recorded at cost and depreciated over the estimated useful lives of individual assets.", "Major improvements are capitalized while expenditures for maintenance, repairs, and minor improvements are expensed.", "Costs incurred for computer software developed or obtained for internal use are capitalized and amortized over the expected useful life of the software, not to exceed nine years.", "Leasehold improvements are amortized over the shorter of their useful lives or the term of the lease.", "The remaining assets are depreciated using the straight-line method, with the following lives:", "||Years|\n|Land improvements|3|-|40|\n|Buildings and improvements|3|-|60|\n|Capitalized software costs|3|-|9|\n|Machinery and other equipment|2|-|45|\n", "The Company evaluates the recoverability of its property, plant, and equipment when there are changes in economic circumstances or business objectives that indicate the carrying value may not be recoverable.", "The Company's evaluations include estimated future cash flows, profitability, and other factors affecting fair value.", "As these assumptions and estimates may change over time, it may or may not be necessary to record impairment charges.", "Leases - The Company uses its incremental borrowing rate in the assessment of lease classification as capital or operating and defines the initial lease term to include renewal options determined to be reasonably assured.", "The Company conducts operations primarily under operating leases.", "Many of the Company's real property lease agreements contain incentives for tenant improvements, rent holidays, or rent escalation clauses.", "For incentives for tenant improvements, the Company records a deferred rent liability and amortizes the deferred rent over the term of the lease as a reduction to rent expense.", "For rent holidays and rent escalation clauses during the lease term, the Company records minimum rental expenses on a straight-line basis over the term of the lease.", "For purposes of recognizing lease incentives, the Company uses the date of initial possession as the commencement date, which is generally the date on which the Company is given the right of access to the space and begins to make improvements in preparation for the intended use.", "Goodwill and Other Intangible Assets - The Company performs impairment tests for goodwill as of November 30 of each year and between annual impairment tests if evidence of potential impairment exists, by first comparing the carrying value of net assets to the fair value of the related operations.", "If the fair value is determined to be less than the carrying value, a second step is performed to determine if goodwill is impaired, by comparing the estimated fair value of goodwill to its carrying value.", "Purchased intangible assets are amortized on a straight-line basis or a method based on the pattern of benefits over their estimated useful lives, and the carrying value of these assets is reviewed for impairment when events indicate that a potential impairment may have occurred.", "Equity Method Investments - Investments in which the Company has the ability to exercise significant influence over the investee but does not own a majority interest or otherwise control are accounted for under the equity method of accounting and included in other assets in its consolidated statements of financial position.", "The Company's equity investments align strategically and are integrated with the Company's operations, and therefore the Company's share of the net earnings or losses of the investee is included in operating income (loss).", "The Company evaluates its equity investments for other than temporary impairment whenever events or changes in business circumstances indicate that the carrying amounts of such investments may not be fully recoverable.", "If a decline in the value of an equity method investment is determined to be other than temporary, a loss is recorded in earnings in the current period.", "Self-Insured Group Medical Insurance - The Company maintains a self-insured group medical insurance plan.", "The plan is designed to provide a specified level of coverage for employees and their dependents.", "Estimated liabilities"], "table_evidence": [1], "paragraph_evidence": [0], "source": "multihiertt", "original_question_id": "25caa867898c45fdad7ea9a59b3ab472"}
{"question": "percent change of average shares outstanding when taking dilution into consideration in 2008?", "python_solution": "def solution():\n    # Define variables name and value\n    weighted_average_shares_diluted = 228.3\n    weighted_average_shares_basic = 227.3\n\n    # Do math calculation to get the answer\n    answer = ((weighted_average_shares_diluted / weighted_average_shares_basic) - 1) * 100\n\n    return answer", "ground_truth": 0.439947206335245, "question_id": "simplong-testmini-39", "paragraphs": ["ABIOMED, INC.  AND SUBSIDIARIES Notes to Consolidated Financial Statements—(Continued) Note 12.", "Stock Award Plans and Stock Based Compensation (Continued) Restricted Stock The following table summarizes restricted stock activity for the fiscal year ended March 31, 2009:", "|| March 31, 2009|\n||Number of Shares (in thousands)| Grant Date Fair Value|\n|Restricted stock awards at March 31, 2008|54|$11.52|\n|Granted|666|16.75|\n|Vested|-167|14.65|\n|Forfeited|-73|17.53|\n|Restricted stock awards at March 31, 2009|480|$16.77|\n", "The remaining unrecognized compensation expense for restricted stock awards at March 31, 2009 was $4.6 million.", "The weighted average remaining contractual life for restricted stock awards at March 31, 2009 and 2008 was 1.8 and 2.4 years, respectively.", "In May 2008, 260,001 shares of restricted stock were issued to certain executive officers and certain members of senior management of the Company, of which 130,002 of these shares vest upon achievement of a prescribed performance milestone.", "In September 2008, the Company met the prescribed performance milestone, and all of these performance-based shares vested.", "In connection with the vesting of these shares, these employees paid withholding taxes due by returning 39,935 shares valued at $0.7 million.", "These shares have been recorded as treasury stock as of March 31, 2009.", "The remaining 129,999 of the restricted shares award vest ratably over four years from the grant date.", "The stock compensation expense for the restricted stock awards is recognized on a straight-line basis over the vesting period, based on the probability of achieving the performance milestones.", "In August 2008, 406,250 shares of restricted stock were issued to certain executive officers and certain members of senior management of the Company, all of which could vest upon achievement of certain prescribed performance milestones.", "In March 2009, the Company met a prescribed performance milestone, and a portion of these performance-based shares vested.", "The remaining stock compensation expense for the restricted stock awards is being recognized on a straight-line basis over the vesting period through March 31, 2011 based on the probability of achieving the performance milestones.", "The cumulative effects of changes in the probability of achieving the milestones will be recorded in the period in which the changes occur.", "During the year ended March 31, 2008, 60,000 shares of restricted stock were issued to certain executive officers of the Company that vest on the third anniversary of the date of grant.", "The stock compensation expense for the restricted stock awards is recognized on a straight-line basis over the vesting period.", "Employee Stock Purchase Plan In March 1988, the Company adopted the 1988 Employee Stock Purchase Plan (“the Purchase Plan” or “ESPP”), as amended.", "Under the Purchase Plan, eligible employees, including officers and directors, who have completed three months of employment with the Company or its subsidiaries who elect to participate in the Purchase plan instruct the Company to withhold a specified amount from each payroll period during a six-month payment period (the periods April 1—September 30 and October 1—March 31).", "On the last business day of each payment period, the amount withheld is used to purchase common stock at an exercise price equal to 85% of the lower of its market price on the first business day or the last business day of the payment period.", "Up to 500,000 shares of common stock may be issued under the Purchase Plan, of which 163,245 shares are available for future issuance as of March 31, 2009.", "During the years ended March 31, 2009, 2008 and 2007, 45,823, 23,930, and 27,095 shares of common stock, respectively, were sold pursuant to the Purchase Plan.", "PAR T I I Item 5.", "Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.", "Market Information Our common stock is traded on the New York Stock Exchange under the ticker symbol BBY.", "The table below sets forth the high and low sales prices of our common stock as reported on the New York Stock Exchange — Composite Index during the periods indicated.", "The stock prices below have been revised to reflect a three-for-two stock split effected on August 3, 2005.", "| | Sales Price|\n| | High| Low|\n|Fiscal 2006|||\n|First Quarter|$36.99|$31.93|\n|Second Quarter|53.17|36.20|\n|Third Quarter|50.88|40.40|\n|Fourth Quarter|56.00|42.75|\n|Fiscal 2005|||\n|First Quarter|$37.50|$30.10|\n|Second Quarter|36.42|29.25|\n|Third Quarter|41.47|30.57|\n|Fourth Quarter|40.48|33.91|\n", "Holders As of April 24, 2006, there were 2,632 holders of record of Best Buy common stock.", "Dividends In fiscal 2004, our Board initiated the payment of a regular quarterly cash dividend, then $0.07 per common share per quarter.", "A quarterly cash dividend has been paid in each subsequent quarter.", "Effective with the quarterly cash dividend paid in the third quarter of fiscal 2005, we increased our quarterly cash dividend per common share by 10 percent.", "Effective with the quarterly cash dividend paid in the third quarter of fiscal 2006, we increased our quarterly cash dividend per common share by 9 percent to $0.08 per common share per quarter.", "The payment of cash dividends is subject to customary legal and contractual restrictions.", "Future dividend payments will depend on the Company’s earnings, capital requirements, financial condition and other factors considered relevant by our Board.", "Purchases of Equity Securities by the Issuer and Affiliated Purchasers In April 2005, our Board authorized a $1.5 billion share repurchase program.", "The program, which became effective on April 27, 2005, terminated and replaced a $500 million share repurchase program authorized by our Board in June 2004.", "Effective on June 24, 2004, our Board authorized the $500 million share repurchase program, which terminated and replaced a $400 million share repurchase program authorized by our Board in fiscal 2000.", "During the fourth quarter of fiscal 2006, we purchased and retired 7.1 million shares at a cost of $338 million.", "Since the inception of the $1.5 billion share repurchase program in fiscal 2006, we purchased and retired 16.5 million shares at a cost of $711 million.", "We consider several factors in determining when to make share repurchases including, among other things, our cash needs and the market price of the stock.", "At the end of fiscal 2006, $790 million of the $1.5 billion originally authorized by our Board was available for future share repurchases.", "Cash provided by future operating activities, available cash and cash equivalents, as well as short-term investments, are the expected sources of funding for the share repurchase program.", "Management’s Discussion and Analysis of Financial Condition and Results of Operations – Continued Con Edison’s principal business segments are CECONY’s regulated utility activities, O&R’s regulated utility activities and Con Edison’s competitive energy businesses.", "CECONY’s principal business segments are its regulated electric, gas and steam utility activities.", "A discussion of the results of operations by principal business segment for the years ended December 31, 2014, 2013 and 2012 follows.", "For additional business segment financial information, see Note N to the financial statements in Item 8.", "Year Ended December 31, 2014 Compared with Year Ended December 31, 2013 The Companies’ results of operations in 2014 compared with 2013 were:", "||CECONY|O&R|Competitive Energy Businesses|Other(a)|Con Edison(b)|\n| (Millions of Dollars)|Increases (Decreases) Amount|Increases (Decreases) Percent|Increases (Decreases) Amount|Increases (Decreases) Percent|Increases (Decreases) Amount|Increases (Decreases) Percent|Increases (Decreases) Amount|Increases (Decreases) Percent|Increases (Decreases) Amount|Increases (Decreases) Percent|\n|Operating revenues|$356|3.4%|$59|7.1%|$148|13.5%|$2|40.0%|$565|4.6%|\n|Purchased power|70|3.5|21|9.7|227|26.4|-|-|318|10.3|\n|Fuel|-35|-10.9|-|-|-|-|-|-|-35|-10.9|\n|Gas purchased for resale|77|14.5|12|15.8|88|Large|-1|Large|176|27.7|\n|Other operations and maintenance|138|5.0|16|5.3|3|2.9|-|-|157|5.0|\n|Depreciation and amortization|45|4.8|5|8.9|-4|-17.4|1|Large|47|4.6|\n|Taxes, other than income taxes|-18|-1.0|-2|-3.2|2|11.8|-|-|-18|-0.9|\n|Gain on sale of solar electric production projects|-|-|-|-|45|-|-|-|45|-|\n|Operating income (loss)|79|3.8|7|5.8|-123|Large|2|Large|-35|-1.6|\n|Other income less deductions|10|Large|2|Large|20|Large|-3|Large|29|Large|\n|Net interest expense|16|3.1|-2|-5.4|-143|Large|1|3.8|-128|-17.8|\n|Income before income tax expense|73|4.7|11|13.1|40|62.5|-2|-9.1|122|7.9|\n|Income tax expense|35|6.7|16|84.2|34|82.9|7|31.8|92|19.3|\n|Net income for common stock|$38|3.7%|$-5|-7.7%|$6|26.1%|$-9|Large|$30|2.8%|\n", "(a) Includes parent company and consolidation adjustments.", "(b) Represents the consolidated financial results of Con Edison and its businesses.", "|| Twelve Months Ended December 31, 2014|| Twelve Months Ended December 31, 2013|||\n| (Millions of Dollars)| Electric| Gas| Steam| 2014 Total| Electric| Gas| Steam| 2013 Total|2014-2013 Variation|\n|Operating revenues|$8,437|$1,721|$628|$10,786|$8,131|$1,616|$683|$10,430|$356|\n|Purchased power|2,036|-|55|2,091|1,974|-|47|2,021|70|\n|Fuel|180|-|105|285|174|-|146|320|-35|\n|Gas purchased for resale|-|609|-|609|-|532|-|532|77|\n|Other operations and maintenance|2,270|418|185|2,873|2,180|351|204|2,735|138|\n|Depreciation and amortization|781|132|78|991|749|130|67|946|45|\n|Taxes, other than income taxes|1,458|248|92|1,798|1,459|241|116|1,816|-18|\n| Operating income|$1,712|$314|$113|$2,139|$1,595|$362|$103|$2,060|$79|\n", "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):", "||2008|2007|2006|\n|Weighted average shares outstanding for basic net earnings per share|227.3|235.5|243.0|\n|Effect of dilutive stock options and other equity awards|1.0|2.0|2.4|\n|Weighted average shares outstanding for diluted net earnings per share|228.3|237.5|245.4|\n", "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 – 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."], "table_evidence": [63], "paragraph_evidence": [-1], "source": "multihiertt", "original_question_id": "441b9e5ac1b0403f83ad3e916867d236"}
{"question": "What's the total amount of the 3-Year term loan in 2017 in the years where North America is greater than 300 ?", "python_solution": "def solution():\n    # Define variables name and value\n    three_year_term_loan_2017 = 1950000\n\n    # Do math calculation to get the answer\n    answer = three_year_term_loan_2017 + three_year_term_loan_2017\n\n    return answer", "ground_truth": 3900000.0, "question_id": "simplong-testmini-40", "paragraphs": ["ANALOG DEVICES, INC.  NOTES TO CONSOLIDATED FINANCIALSTATEMENTS-(Continued)", "||October 28, 2017|October 29, 2016|\n||Principal Amount Outstanding|Fair Value|Principal Amount Outstanding|Fair Value|\n|3-Year term loan|$1,950,000|1,950,000|—|—|\n|5-Year term loan|2,100,000|2,100,000|—|—|\n|2021 Notes, due December 2021|400,000|399,530|—|—|\n|2023 Notes, due June 2023|500,000|498,582|500,000|501,307|\n|2023 Notes, due December 2023|550,000|554,411|—|—|\n|2025 Notes, due December 2025|850,000|884,861|850,000|901,523|\n|2026 Notes, due December 2026|900,000|902,769|—|—|\n|2036 Notes, due December 2036|250,000|259,442|—|—|\n|2045 Notes, due December 2045|400,000|460,588|400,000|425,109|\n", "k.  Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure f of contingencies at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period.", "Such estimates relate to the useful lives of fixed assets, identified intangible assets allowances for doubtful accounts and customer returns, the net realizable value of inventory, potential reserves relating to litigation matters, accrued liabilities, y accrued taxes, deferred tax valuation allowances, assumptions pertaining to share-based payments, and fair value of acquired assets and liabilities, including inventoryy, propertyy, plant and equipment and acquired intangibles, and other reserves.", "Actual results could differ from those estimates and such dif f ferences may be material to the financial statements.", "f l.  Concentrations of Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of investments and trade accounts receivable.", "The Company maintains cash, cash equivalents and short-term and long-term investments with high credit quality counterparties, continuously monitors the amount of credit exposure to any one issuer and diversifies its investments in order to minimize its credit risk.", "The Company sells its products to distributors and original equipment manufacturers involved in a variety of industries including industrial process automation, instrumentation, defense/aerospace, automotive, communications, computers and computer peripherals and consumer electronics.", "The Company has adopted credit policies and standards to accommodate growth in these markets.", "The Company performs continuing credit evaluations of its customers’ financial condition and although the Company generally does not require collateral, the Company may require letters of credit from customers in certain circumstances.", "The Company provides reserves for estimated amounts of accounts receivable that may not be collected.", "The Company's largest single end customer represented approximately14%, 12% and 13% of total revenue in fiscal years 2017, 2016 and 2015, respectively.", "m.  Concentration of Other Risks The semiconductor industry is characterized by rapid technological change, competitive pricing pressures and cyclical market patterns.", "The Company’s financial results are affected by a wide variety of factors, including general economic f conditions worldwide, economic conditions specific to the semiconductor industry, the timely implementation of new y manufacturing technologies, the ability to safeguard patents and intellectual property in a rapidly evolving market and reliance on assembly and test subcontractors, third-party wafer fabricators and independent distributors.", "In addition, the semiconductor market has historically been cyclical and subject to significant economic downturns at various times.", "The Company is exposed to the risk of obsolescence of its inventory depending on the mix of future business.", "Additionallyy, a large portion of the Company’s purchases of external wafer and foundry services are from a limited number of suppliers, primarily Taiwan T Semiconductor Manufacturing Company (TSMC).", "If TSMC or any of the Company’s other key suppliers are unable or unwilling to manufacture and deliver suffficient quantities of components, on the time schedule and of the quality that the Company requires, the Company may be forced to engage additional or replacement suppliers, which could result in significant expenses and disruptions or delays in manufacturing, product development and shipment of product to the Company’s", "Warranties and Indemnities The Company generally warrants that its products sold to its customers will conform to the Company’s approved specifications and be free from defects in material and workmanship under normal use and service for one year.", "Subject to certain exceptions, the Company also offers a three-year limited warranty to end users for only those CPU and AMD A-Series APU products that are commonly referred to as “processors in a box” and for PC workstation products.", "The Company has also offered extended limited warranties to certain customers of “tray” microprocessor products and/or workstation graphics products who have written agreements with the Company and target their computer systems at the commercial and/or embedded markets.", "Changes in the Company’s estimated liability for product warranty during the years ended December 28, 2013 and December 29, 2012 are as follows:", "||December 28, 2013|December 29, 2012|\n||(In millions)|\n|Beginning balance|$16|$20|\n|New warranties issued during the period|27|28|\n|Settlements during the period|-25|-30|\n|Changes in liability for pre-existing warranties during the period, includingexpirations|-1|-2|\n|Ending balance|$17|$16|\n", "In addition to product warranties, the Company, from time to time in its normal course of business, indemnifies other parties, with whom it enters into contractual relationships, including customers, lessors and parties to other transactions with the Company, with respect to certain matters.", "In these limited matters, the Company has agreed to hold certain third parties harmless against specific types of claims or losses, such as those arising from a breach of representations or covenants, third-party claims that the Company’s products when used for their intended purpose(s) and under specific conditions infringe the intellectual property rights of a third party, or other specified claims made against the indemnified party.", "It is not possible to determine the maximum potential amount of liability under these indemnification obligations due to the unique facts and circumstances that are likely to be involved in each particular claim and indemnification provision.", "Historically, payments made by the Company under these obligations have not been material.", "NOTE 17: Contingencies Securities Class Action On January 15, 2014, a class action lawsuit captioned Hatamian v.  AMD, et al.", ", C. A.", "No.3:14-cv-00226 was filed against the Company in the United States District Court for the Northern District of California.", "The complaint purports to assert claims against the Company and certain individual officers for alleged violations of Section 10(b) of the Securities Exchange Act of 1934, as amended (the Exchange Act), and Rule 10b-5 of the Exchange Act.", "The plaintiff seeks to represent a proposed class of all persons who purchased or otherwise acquired AMD common stock during the period October 27, 2011 through October 28, 2012.", "The complaint seeks damages allegedly caused by alleged materially misleading statements and/or material omissions by the Company and the individual officers regarding our 32nm technology and “Llano” product, which statements and omissions, the plaintiffs claim, allegedly operated to inflate artificially the price paid for AMD’s common stock during the period.", "The complaint seeks unspecified compensatory damages, attorneys’ fees and costs.", "Based upon information presently known to the Company’s management, the Company believes that the potential liability, if any, will not have a material adverse effect on our financial condition, cash flows or results of operations.", "GUR is an engineered material used in heavy-duty automotive and industrial applications such as car battery separator panels and industrial conveyor belts, as well as in specialty medical and consumer applications, such as sports equipment and prostheses.", "GUR micro powder grades are used for high-performance filters, membranes, diagnostic devices, coatings and additives for thermoplastics and elastomers.", "GUR fibers are also used in protective ballistic applications.", "Celstran and Compel are long fiber reinforced thermoplastics, which impart extra strength and stiffness, making them more suitable for larger parts than conventional thermoplastics.", "Polyesters such as Celanex PBT, Vandar, a series of PBT-polyester blends and Riteflex, a thermoplastic polyester elastomer, are used in a wide variety of automotive, electrical and consumer applications, including ignition system parts, radiator grilles, electrical switches, appliance and sensor housings, LEDs and technical fibers.", "Raw materials for polyesters vary.", "Base monomers, such as dimethyl terephthalate and PTA, are widely available with pricing dependent on broader polyester fiber and packaging resins market conditions.", "Smaller volume specialty co-monomers for these products are typically supplied by a few companies.", "Liquid crystal polymers (“LCP”), such as Vectra, are used in electrical and electronics applications and for precision parts with thin walls and complex shapes or on high-heat cookware application.", "Fortron, a PPS product, is used in a wide variety of automotive and other applications, especially those requiring heat and/or chemical resistance, including fuel system parts, radiator pipes and halogen lamp housings, and often replaces metal in these demanding applications.", "Other possible application fields include non-woven filtration devices such as coal fired power plants.", "Fortron is manufactured by Fortron Industries LLC, Advanced Engineered Materials’ 50-50 venture with Kureha Corporation of Japan.", "Facilities Advanced Engineered Materials has polymerization, compounding and research and technology centers in Germany, Brazil and the United States.", "On November 29, 2006, Advanced Engineered Materials reached a settlement with the Frankfurt, Germany, Airport (“Fraport”) to relocate its Kelsterbach, Germany, business, resolving several years of legal disputes related to the planned Frankfurt airport expansion.", "The final settlement agreement was signed on June 12, 2007.", "As a result of the settlement, Advanced Engineered Materials will transition its operations from Kelsterbach to the Hoechst Industrial Park in the Rhine Main area by 2011.", "See Note 29 to the consolidated financial statements for further information.", "Markets The following table illustrates the destination of the net sales of the Advanced Engineered Materials segment by geographic region for the years ended December 31, 2007, 2006 and 2005.", "Net Sales to External Customers by Destination — Advanced Engineered Materials", "|| Year Ended|\n||December 31, 2007|December 31, 2006| December 31,   2005|\n|||% of||% of|| % of |\n|| $|Segment| $|Segment| $| Segment|\n|| (In millions, except percentages)|\n|North America|388|38%|311|34%|339|38%|\n|Europe/Africa|517|50%|500|55%|465|53%|\n|Asia/Australia|88|8%|55|6%|44|5%|\n|Rest of World|37|4%|49|5%|39|4%|\n", "Advanced Engineered Materials’ sales in the Asian market are made mainly through its ventures, Polyplastics, KEPCO and Fortron Industries, which are accounted for under the equity method and therefore not included in Advanced Engineered Materials’ consolidated net sales.", "If Advanced Engineered Materials’ portion of the sales made by these ventures were included in the chart above, the percentage of sales sold in Asia/Australia would be substantially higher.", "A number of Advanced Engineered Materials’ POM customers, particularly in the appliance,", "estimated at reporting dates prior to that time.", "The compensation expense recognized each period should be based on the most recent estimated value.", "The Company’s recording of compensation expenses prior to fiscal 2006 for these grants were an estimate based on grant date fair value.", "Fiscal 2006 includes the effect of the change for that year.", "The effect on years prior to fiscal 2006 was not material.", "Further, in accordance with EITF 00-19, “Accounting for Derivative Financial Instruments Indexed to, and Potentially Settled in, a Company’s Own Stock,” the Company classifies these non-employee awards as liabilities at fair value upon vesting, with changes in fair value reported in earnings until these awards are exercised or forfeited.", "The Company’s net income for the years ended September 30, 2007, September 30, 2006, and September 30, 2005 includes $7.0 million, $9.7 million, and $2.1 million, respectively, of compensation costs and $2.7 million, $3.7 million, and $804,000, respectively, net of income tax benefits related to option grants to its independent contractor Financial Advisors.", "The fair value of each fixed option grant awarded to an independent contractor Financial Advisor is estimated on the date of grant and periodically revalued using the Black-Scholes option pricing model with the following weighted average assumptions used for fiscal years ended 2007, 2006, and 2005:", "||2007|2006|2005|\n|Dividend Yield|1.27%|1.11%|1.10%|\n|Expected Volatility|29.65%|30.89%|38.20%|\n|Risk-free Interest Rate|4.70%|4.62%|3.37%|\n|Expected Lives|2.92 yrs|2.76 yrs|2.56 yrs|\n", "The dividend yield assumption is based on the Company’s current declared dividend as a percentage of the stock price.", "The expected volatility assumption for the current period and fiscal 2006 is based on the Company’s historical stock price and is a weighted average combining (1) the volatility of the most recent year, (2) the volatility of the most recent time period equal to the expected lives assumption, and (3) the annualized volatility of the price of the Company’s stock since the late 1980’s.", "The expected volatility used by the Company in fiscal 2005 was based on the annualized volatility of the price of the Company’s stock since the late 1980’s.", "The risk-free interest rate assumption is based on the U. S.  Treasury yield curve in effect at each point in time the options are valued.", "The expected lives assumption is based on the difference between the option’s vesting date plus 90 days (the average exercise period) and the date of the current reporting period.", "A summary of option activity of the Company's fixed stock option plans under which awards are granted to its independent contractor Financial Advisors for the year ended September 30, 2007 is presented below:", "||Options For Shares|Weighted Average Exercise Price ($)|Weighted Average Remaining Contractual Term (Years)|Aggregate Intrinsic Value ($)|\n|Outstanding at|||||\n|October 1, 2006|1,687,325|$ 16.64|-|-|\n|Granted|327,200|31.78|-|-|\n|Exercised|-383,728|15.27|-|-|\n|Canceled|-58,568|17.73|-|-|\n|Expired|-4,263|19.62|-|-|\n|Outstanding at|||||\n|September 30, 2007|1,567,966|$ 20.25|3.17|$ 19,761,733|\n|Exercisable at|||||\n|September 30, 2007|107,675|$ 13.54|0.71|$ 2,078,723|\n", "As of September 30, 2007, there was $7.7 million of total unrecognized compensation cost related to unvested stock options granted to its independent contractor Financial Advisors based on estimated fair value at that date.", "These costs are expected to be recognized over a weighted average period of approximately 2.3 years.", "The weighted average grant date fair value of stock options granted under these plans during the years ended September 30, 2007, September 30, 2006 and September 30, 2005 was $9.70 per share, $11.87 per share and $9.51 per share, respectively.", "The total intrinsic value of stock options exercised for these plans during the years ended September 30, 2007, September 30, 2006 and September 30, 2005 was $6.1 million, $5.6 million and $2.7 million, respectively.", "The total estimated fair value of stock options vested for these plans during the years ended September 30, 2007, September 30, 2006 and September 30, 2005 was $6.2 million, $4.1 million and $3.5 million, respectively.", "Cash received from stock option exercises for these plans for the year ended September 30, 2007 was $5.9 million.", "There were no actual tax benefits realized for the tax deductions from option exercise of awards to its independent contractor Financial Advisors for the year ended September 30, 2007."], "table_evidence": [1, 54], "paragraph_evidence": [-1], "source": "multihiertt", "original_question_id": "99e146052384452097deb6f728b6c7f2"}
{"question": "What's the total amount of Subtotal analog signal processing without those Subtotal analog signal processing smaller than 500000, in 2014?", "python_solution": "def solution():\n    # Define variables name and value\n    converters = 1285368\n    amplifiers_radio_frequency = 806975\n    \n    # Do math calculation to get the answer\n    answer = converters + amplifiers_radio_frequency\n    \n    return answer", "ground_truth": 2092343.0, "question_id": "simplong-testmini-41", "paragraphs": ["The year-to-year increase in communications end market revenue in fiscal 2014 was primarily a result of increased wireless base station deployment activity and, to a lesser extent, an increase in revenue as a result of the Acquisition.", "Industrial end market revenue increased year-over-year in fiscal 2014 as compared to fiscal 2013 as a result of an increase in demand in this end market, which was most significant for products sold into the instrumentation and automation sectors and, to a lesser extent, an increase in revenue as a result of the Acquisition.", "The year-to-year increase in automotive end market revenue in fiscal 2014 was primarily a result of increasing electronic content in vehicles and higher demand for new vehicles.", "The year-to\u0002year decrease in revenue in the consumer end market in fiscal 2014 was primarily the result of the sale of our microphone product line in the fourth quarter of fiscal 2013.", "The year-to-year decrease in revenue in the industrial and consumer end markets in fiscal 2013 was primarily the result of a weak global economic environment and one less week of operations in fiscal 2013 as compared to fiscal 2012.", "Automotive end market revenue increased in fiscal 2013 primarily as a result of increasing electronic content in vehicles.", "Revenue Trends by Product Type The following table summarizes revenue by product categories.", "The categorization of our products into broad categories is based on the characteristics of the individual products, the specification of the products and in some cases the specific uses that certain products have within applications.", "The categorization of products into categories is therefore subject to judgment in some cases and can vary over time.", "In instances where products move between product categories, we reclassify the amounts in the product categories for all prior periods.", "Such reclassifications typically do not materially change the sizing of, or the underlying trends of results within, each product category", "||2014|2013|2012|\n||Revenue|% ofTotalProductRevenue*|Y/Y%|Revenue|% ofTotalProductRevenue*|Revenue|% ofTotalProductRevenue*|\n|Converters|$1,285,368|45%|9%|$1,180,072|45%|$1,192,064|44%|\n|Amplifiers/Radio frequency|806,975|28%|18%|682,759|26%|697,687|26%|\n|Other analog|356,406|12%|-4%|372,281|14%|397,376|15%|\n|Subtotal analog signal processing|2,448,749|85%|10%|2,235,112|85%|2,287,127|85%|\n|Power management & reference|174,483|6%|1%|172,920|7%|182,134|7%|\n|Total analog products|$2,623,232|92%|9%|$2,408,032|91%|$2,469,261|91%|\n|Digital signal processing|241,541|8%|7%|225,657|9%|231,881|9%|\n|Total Revenue|$2,864,773|100%|9%|$2,633,689|100%|$2,701,142|100%|\n", "The sum of the individual percentages does not equal the total due to rounding.", "The year-to-year increase in total revenue in fiscal 2014 as compared to fiscal 2013 was the result of improving demand across most product type categories and the result of the Acquisition, which was partially offset by declines in the other analog product category, primarily as a result of the sale of our microphone product line in the fourth quarter of fiscal 2013.", "The year-to-year decrease in total revenue in fiscal 2013 as compared to fiscal 2012 was the result of one less week of operations in fiscal 2013 as compared to fiscal 2012 and a broad-based decrease in demand across most product type categories.", "Revenue Trends by Geographic Region Revenue by geographic region, based upon the primary location of our customers' design activity for its products, for fiscal 2014, 2013 and 2012 was as follows.", "ANALOG DEVICES, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)", "|Stock Options|2014|2013|2012|\n|Options granted (in thousands)|2,240|2,407|2,456|\n|Weighted-average exercise price|$51.52|$46.40|$39.58|\n|Weighted-average grant-date fair value|$8.74|$7.38|$7.37|\n|Assumptions:||||\n|Weighted-average expected volatility|24.9%|24.6%|28.4%|\n|Weighted-average expected term (in years)|5.3|5.4|5.3|\n|Weighted-average risk-free interest rate|1.7%|1.0%|1.1%|\n|Weighted-average expected dividend yield|2.9%|2.9%|3.0%|\n", "As it relates to our market-based restricted stock units, the Company utilizes the Monte Carlo simulation valuation model to value these awards.", "The Monte Carlo simulation model utilizes multiple input variables that determine the probability of satisfying the performance conditions stipulated in the award grant and calculates the fair market value for the market-based restricted stock units granted.", "The Monte Carlo simulation model also uses stock price volatility and other variables to estimate the probability of satisfying the performance conditions, including the possibility that the market condition may not be satisfied, and the resulting fair value of the award.", "Information pertaining to the Company's market-based restricted stock units and the related estimated assumptions used to calculate the fair value of market-based restricted stock units granted using the Monte Carlo simulation model is as follows:", "|Market-based Restricted Stock Units|2014|\n|Units granted (in thousands)|86|\n|Grant-date fair value|$50.79|\n|Assumptions:||\n|Historical stock price volatility|23.2%|\n|Risk-free interest rate|0.8%|\n|Expected dividend yield|2.8%|\n", "Market-based restricted stock units were not granted during fiscal 2013 or 2012.", "Expected volatility — The Company is responsible for estimating volatility and has considered a number of factors, including third-party estimates.", "The Company currently believes that the exclusive use of implied volatility results in the best estimate of the grant-date fair value of employee stock options because it reflects the market’s current expectations of future volatility.", "In evaluating the appropriateness of exclusively relying on implied volatility, the Company concluded that: (1) options in the Company’s common stock are actively traded with sufficient volume on several exchanges; (2) the market prices of both the traded options and the underlying shares are measured at a similar point in time to each other and on a date close to the grant date of the employee share options; (3) the traded options have exercise prices that are both near-the-money and close to the exercise price of the employee share options; and (4) the remaining maturities of the traded options used to estimate volatility are at least one year.", "Expected term — The Company uses historical employee exercise and option expiration data to estimate the expected term assumption for the Black-Scholes grant-date valuation.", "The Company believes that this historical data is currently the best estimate of the expected term of a new option, and that generally its employees exhibit similar exercise behavior.", "Risk-free interest rate — The yield on zero-coupon U. S.  Treasury securities for a period that is commensurate with the expected term assumption is used as the risk-free interest rate.", "Expected dividend yield — Expected dividend yield is calculated by annualizing the cash dividend declared by the Company’s Board of Directors for the current quarter and dividing that result by the closing stock price on the date of grant.", "Until such time as the Company’s Board of Directors declares a cash dividend for an amount that is different from the current quarter’s cash dividend, the current dividend will be used in deriving this assumption.", "Cash dividends are not paid on options, restricted stock or restricted stock units.", "an adverse development with respect to one claim in 2008 and favorable developments in three cases in 2009.", "Other costs were also lower in 2009 compared to 2008, driven by a decrease in expenses for freight and property damages, employee travel, and utilities.", "In addition, higher bad debt expense in 2008 due to the uncertain impact of the recessionary economy drove a favorable year-over-year comparison.", "Conversely, an additional expense of $30 million related to a transaction with Pacer International, Inc.  and higher property taxes partially offset lower costs in 2009.", "Other costs were higher in 2008 compared to 2007 due to an increase in bad debts, state and local taxes, loss and damage expenses, utility costs, and other miscellaneous expenses totaling $122 million.", "Conversely, personal injury costs (including asbestos-related claims) were $8 million lower in 2008 compared to 2007.", "The reduction reflects improvements in our safety experience and lower estimated costs to resolve claims as indicated in the actuarial studies of our personal injury expense and annual reviews of asbestos-related claims in both 2008 and 2007.", "The year-over-year comparison also includes the negative impact of adverse development associated with one claim in 2008.", "In addition, environmental and toxic tort expenses were $7 million lower in 2008 compared to 2007.", "Non-Operating Items"], "table_evidence": [11], "paragraph_evidence": [-1], "source": "multihiertt", "original_question_id": "96d716da2b764c88bbedb6e731005c0f"}
{"question": "What is the sum of the Finance — Finance Companies in the sections where Finance — Finance Companies is positive? (in million)", "python_solution": "def solution():\n    # Define variables name and value\n    finance_companies_positive = [265.2, 9.0, 18.7, 255.5]\n    \n    # Do math calculation to get the answer\n    answer = sum(finance_companies_positive)\n    \n    return answer", "ground_truth": 548.4, "question_id": "simplong-testmini-42", "paragraphs": ["PART III Item 10.", "Directors and Executive Officers of the Registrant.", "Pursuant to Section 406 of the Sarbanes-Oxley Act of 2002, we have adopted a Code of Ethics for Senior Financial Officers that applies to our principal executive officer and principal financial officer, principal accounting officer and controller, and other persons performing similar functions.", "Our Code of Ethics for Senior Financial Officers is publicly available on our website at www.", "hologic.", "com.", "We intend to satisfy the disclosure requirement under Item 5.05 of Current Report on Form 8-K regarding an amendment to, or waiver from, a provision of this code by posting such information on our website, at the address specified above.", "The additional information required by this item is incorporated by reference to our Definitive Proxy Statement for our annual meeting of stockholders to be filed with the Securities and Exchange Commission within 120 days after the close of our fiscal year.", "Item 11.", "Executive Compensation.", "The information required by this item is incorporated by reference to our Definitive Proxy Statement for our annual meeting of stockholders to be filed with the Securities and Exchange Commission within 120 days after the close of our fiscal year.", "Item 12.", "Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.", "We maintain a number of equity compensation plans for employees, officers, directors and others whose efforts contribute to our success.", "The table below sets forth certain information as our fiscal year ended September 24, 2005 regarding the shares of our common stock available for grant or granted under stock option plans that (i) were approved by our stockholders, and (ii) were not approved by our stockholders.", "The number of securities and the exercise price of the outstanding securities have been adjusted to reflect our two-for-one stock split effected on November 30, 2005.", "Equity Compensation Plan Information", "|Plan Category|Number Of Securities To Be Issued Upon ExerciseOf Outstanding Options, Warrants And Rights (a)|Weighted-Average Exercise Price Of Outstanding Options, Warrants And Rights (b)|Number Of Securities Remaining Available For Future Issuance Under EquityCompensation Plans (excluding securities reflected in column (a)) (c)|\n|Equity compensation plans approved by security holders -1|3,841,008|$7.84|1,016,520|\n|Equity compensation plans not approved by security holders -2|863,604|$6.44|0|\n|Total|4,704,612|$7.58|1,016,520|\n", "(1) Includes the following plans: 1986 Combination Stock Option Plan; Amended and Restated 1990 Non-employee Director Stock Option Plan; 1995 Combination Stock Option Plan; Amended and Restated 1999 Equity Incentive Plan; and 2000 Employee Stock Purchase Plan.", "Also includes the following plans which we assumed in connection with our acquisition of Fluoroscan Imaging Systems in 1996: FluoroScan Imaging Systems, Inc.  1994 Amended and Restated Stock Incentive Plan and FluoroScan Imaging Systems, Inc.  1995 Stock Incentive Plan.", "For a description of these plans, please refer to Footnote 5 contained in our consolidated financial statements.", "Fixed Maturity Securities Available-for-Sale The following tables present our fixed maturity securities available-for-sale by industry category and the associated gross unrealized gains and losses, including other-than-temporary impairment losses reported in OCI, as of December 31, 2009 and 2008.", "December 31,", "| | December 31, 2009|\n| | Amortized cost| Gross unrealized gains| Gross unrealized losses| Carrying amount|\n| |(in millions) |\n|Finance — Banking|$4,288.5|$68.2|$480.4|$3,876.3|\n|Finance — Brokerage|428.6|11.0|6.4|433.2|\n|Finance — Finance Companies|265.2|9.0|18.7|255.5|\n|Finance — Financial Other|535.6|26.0|8.6|553.0|\n|Finance — Insurance|2,714.9|36.5|207.9|2,543.5|\n|Finance — REITS|1,327.1|14.6|80.0|1,261.7|\n|Industrial — Basic Industry|1,921.4|74.9|19.1|1,977.2|\n|Industrial — Capital Goods|2,364.0|99.1|33.0|2,430.1|\n|Industrial — Communications|2,761.6|174.3|21.8|2,914.1|\n|Industrial — Consumer Cyclical|1,597.0|69.4|32.0|1,634.4|\n|Industrial — Consumer Non-Cyclical|3,149.6|172.0|27.4|3,294.2|\n|Industrial — Energy|1,933.3|108.3|19.2|2,022.4|\n|Industrial — Other|700.0|22.8|20.0|702.8|\n|Industrial — Technology|765.0|31.6|11.2|785.4|\n|Industrial — Transportation|934.9|41.7|18.4|958.2|\n|Utility — Electric|2,518.6|115.6|18.6|2,615.6|\n|Utility — Natural Gas|1,086.2|66.0|7.4|1,144.8|\n|Utility — Other|122.8|3.2|0.6|125.4|\n|FDIC guaranteed|96.1|1.4|—|97.5|\n|Government guaranteed|1,102.8|76.3|16.9|1,162.2|\n|Total corporate securities|30,613.2|1,221.9|1,047.6|30,787.5|\n|Residential pass-through securities|3,019.1|86.0|3.8|3,101.3|\n|Commercial mortgage-backed securities|4,898.0|20.9|1,319.2|3,599.7|\n|Residential collateralized mortgage obligations -1|1,198.9|13.5|114.9|1,097.5|\n|Asset-backed securities — Home equity -2|487.1|—|173.1|314.0|\n|Asset-backed securities — All other|1,308.1|21.1|15.5|1,313.7|\n|Collateralized debt obligations — Credit|197.2|1.5|67.0|131.7|\n|Collateralized debt obligations — CMBS|257.0|—|129.4|127.6|\n|Collateralized debt obligations — Loans|101.4|—|21.4|80.0|\n|Collateralized debt obligations — ABS -3|51.9|0.3|21.9|30.3|\n|Total mortgage-backed and other asset-backed securities|11,518.7|143.3|1,866.2|9,795.8|\n|U.S. Government and agencies|550.1|9.1|0.5|558.7|\n|States and political subdivisions|2,008.7|53.4|13.5|2,048.6|\n|Non-U.S. governments|421.1|42.4|1.1|462.4|\n|Total fixed maturity securities, available-for-sale|$45,111.8|$1,470.1|$2,928.9|$43,653.0|\n", "(1) Includes exposure to Alt-a mortgage loans with an amortized cost of $59.6 million, gross unrealized losses of $18.2 million, and a carrying amount of $41.4 million.", "The Alt-a portfolio has a weighted average rating of BBB and 66% are 2005 and prior vintages.", "(2) This exposure is all related to sub-prime mortgage loans.", "(3) Includes exposure to sub-prime mortgage loans with an amortized cost of $27.4 million, gross unrealized gains of $0.3 million, gross unrealized losses of $17.9 million, and a carrying amount of $9.8 million.", "Gross project expenses related to our Business Transformation Project, inclusive of pay-related expense, increased by $20.8 million in fiscal 2011 from fiscal 2010 and by $41.6 million in fiscal 2010 from fiscal 2009.", "The increase in fiscal 2011 resulted from increased project spend including the initial stages of ramping up of our shared services center and a provision for severance resulting from the implementation of an involuntary severance plan.", "The increase in fiscal 2010 resulted from only six months of activity being included in fiscal 2009, as the Business Transformation Project began in January 2009.", "Provided the improvements needed in the underlying systems are obtained in the first half of fiscal 2012, we anticipate the software will be ready for its intended use in the second half of fiscal 2012, which will result in increased expense from both software amortization and deployment costs.", "We will also incur increased costs from the ramp up of our shared services center, continuing costs for additional phases of our Business Transformation Project and information technology support costs.", "We believe the increase in gross project expenses, including all pay-related expenses, related to the Business Transformation Project in fiscal 2012 as compared to fiscal 2011 will be approximately $175 million to $195 million.", "We adjust the carrying values of our COLI policies to their cash surrender values on an ongoing basis.", "The cash surrender values of these policies are largely based on the values of underlying investments, which through fiscal 2011 included publicly traded securities.", "As a result, the cash surrender values of these policies fluctuated with changes in the market value of such securities.", "The changes in the financial markets resulted in gains for these policies of $28.2 million in fiscal 2011, compared to gains for these policies of $21.6 million in fiscal 2010 and losses of $43.8 million in fiscal 2009.", "Near the end of fiscal 2011, we reallocated all of our policies into low-risk, fixed-income securities and therefore we no longer expect significant volatility in operating income, net earnings and earnings per share in future periods related to these policies.", "The provision for losses on receivables included within operating expenses decreased by $39.7 million in fiscal 2010 over fiscal 2009.", "The decrease in our provision for losses on receivables in fiscal 2010 reflects fewer customer accounts exceeding our threshold for write-off in fiscal 2010 as compared to fiscal 2009.", "Customer accounts written off, net of recoveries, were $37.8 million, or 0.10% of sales, $34.3 million, or 0.10% of sales, and $71.9 million, or 0.20% of sales, for fiscal 2011, 2010 and 2009, respectively.", "Our provision for losses on receivables will fluctuate with general market conditions, as well as the circumstances of our customers.", "Net Earnings Net earnings for fiscal 2011 decreased 2.4% over the comparable prior year period.", "After adjusting for the estimated impact of the 53rd week in fiscal 2010, the decrease would have been 0.3%.", "This adjusted decrease was primarily due to the factors discussed above and an increase in the effective tax rate.", "The effective tax rate for fiscal 2011 was 36.96%, compared to an effective tax rate of 36.20% for fiscal 2010.", "The difference between the tax rates for the two periods resulted largely from the one-time reversal of interest accruals for tax contingencies related to our settlement with the Internal Revenue Service (IRS) in the first quarter of fiscal 2010.", "Net earnings increased 11.7% in fiscal 2010 from fiscal 2009.", "After adjusting for the estimated impact of the 53rd week in fiscal 2010, the increase would have been 9.5%.", "This adjusted increase was primarily due to a reduction in the effective income tax rate, as well as the factors discussed above.", "The effective tax rate for fiscal 2010 was 36.20%, compared to an effective tax rate of 40.37% for fiscal 2009.", "The difference between the tax rates for the two periods resulted largely from the one-time reversal of interest accruals for tax contingencies related to our settlement with the Internal Revenue Service (IRS) in the first quarter of fiscal 2010.", "Set forth below is a reconciliation of actual net earnings to adjusted net earnings for the periods presented (see further discussion at “Impact of 53-week fiscal year in Fiscal 2010” above):", "||2011|2010 (53 Weeks)| 2009|\n|| (In thousands)|\n|Net earnings for the 53/52 week periods|$1,152,030|$1,179,983|$1,055,948|\n|Estimated net earnings for the additional week in fiscal 2010|—|24,127|—|\n|Adjusted net earnings|$1,152,030|$1,155,856|$1,055,948|\n|Actual percentage (decrease) increase|-2.4%|11.7%||\n|Adjusted percentage (decrease) increase|-0.3%|9.5%||\n", "The effective tax rate of 36.96% for fiscal 2011 was favorably impacted primarily by two items.", "First, we recorded a tax benefit of approximately $17.0 million for the reversal of valuation allowances previously recorded on state net operating loss carryforwards.", "Second, we adjust the carrying values of our COLI policies to their cash surrender values.", "The gain of $28.2 million recorded in fiscal 2011 was primarily non\u0002taxable for income tax purposes, and had the impact of decreasing income tax expense for the period by $11.1 million.", "Partially offsetting these favorable impacts was the recording of $9.3 million in tax and interest related to various federal, foreign and state uncertain tax positions.", "The effective tax rate of 36.20% for fiscal 2010 was favorably impacted primarily by two items.", "First, we recorded an income tax benefit of approximately $29.0 million resulting from the one-time reversal of a previously accrued liability related to the settlement with the IRS (See “Liquidity and Capital Resources, Other Considerations, BSCC Cooperative Structure” for additional discussion).", "Second, the gain of $21.6 million recorded to adjust the carrying value of COLI policies to their cash surrender values in fiscal 2010 was non-taxable for income tax purposes, and had the impact of decreasing income tax expense for the period by $8.3 million.", "The effective tax rate of 40.37% for fiscal 2009 was unfavorably impacted primarily by two factors.", "First, we recorded tax adjustments related to federal and state uncertain tax positions of $31.0 million.", "Second, the loss of $43.8 million recorded to adjust the carrying value of COLI policies to their cash surrender values in fiscal 2009 was non-deductible for income tax purposes, and had the impact of increasing income tax expense for"], "table_evidence": [23], "paragraph_evidence": [-1], "source": "multihiertt", "original_question_id": "ff53a2a4052d40df998a5eb253c97897"}
{"question": "In the year with largest amount of Interest rate what's the sum of Equity and Credit derivatives for Notional amounts? (in billion)", "python_solution": "def solution():\n    # Define variables name and value\n    equity = 458\n    credit_derivatives = 2241\n    \n    # Do math calculation to get the answer\n    answer = equity + credit_derivatives\n    \n    return answer", "ground_truth": 2699.0, "question_id": "simplong-testmini-43", "paragraphs": ["Management’s discussion and analysis JPMorgan Chase & Co The following table summarizes the aggregate notional amounts and the reported derivative receivables (i. e. , the MTM or fair value of the derivative contracts after taking into account the effects of legally enforceable master netting agreements) at each of the dates indicated: Notional amounts and derivative receivables marked to market (“MTM”)", "|As of December 31,|Notional amounts(a)|Derivative receivables MTM|\n|(in billions)| 2005|2004|2005|2004|\n|Interest rate|$38,493|$37,022|$30|$46|\n|Foreign exchange|2,136|1,886|3|8|\n|Equity|458|434|6|6|\n|Credit derivatives|2,241|1,071|4|3|\n|Commodity|265|101|7|3|\n|Total|$43,593|$40,514|50|66|\n|Collateral held againstderivative receivables| NA|NA|-6|-9|\n|Exposure net of collateral| NA|NA|$44(b)|$57(c)|\n", "(a) The notional amounts represent the gross sum of long and short third-party notional derivative contracts, excluding written options and foreign exchange spot contracts, which significantly exceed the possible credit losses that could arise from such transactions.", "For most derivative transactions, the notional principal amount does not change hands; it is used simply as a reference to calculate payments.", "(b) The Firm held $33 billion of collateral against derivative receivables as of December 31, 2005, consisting of $27 billion in net cash received under credit support annexes to legally enforceable master netting agreements, and $6 billion of other liquid securities collateral.", "The benefit of the $27 billion is reflected within the $50 billion of derivative receivables MTM.", "Excluded from the $33 billion of collateral is $10 billion of collateral delivered by clients at the initiation of transactions; this collateral secures exposure that could arise in the derivatives portfolio should the MTM of the client’s transactions move in the Firm’s favor.", "Also excluded are credit enhancements in the form of letters of credit and surety receivables.", "(c) The Firm held $41 billion of collateral against derivative receivables as of December 31, 2004, consisting of $32 billion in net cash received under credit support annexes to legally enforceable master netting agreements, and $9 billion of other liquid securities collateral.", "The benefit of the $32 billion is reflected within the $66 billion of derivative receivables MTM.", "Excluded from the $41 billion of collateral is $10 billion of collateral delivered by clients at the initiation of transactions; this collateral secures exposure that could arise in the derivatives portfolio should the MTM of the client’s transactions move in the Firm’s favor.", "Also excluded are credit enhancements in the form of letters of credit and surety receivables.", "The MTM of derivative receivables contracts represents the cost to replace the contracts at current market rates should the counterparty default.", "When JPMorgan Chase has more than one transaction outstanding with a counter\u0002party, and a legally enforceable master netting agreement exists with that counterparty, the netted MTM exposure, less collateral held, represents, in the Firm’s view, the appropriate measure of current credit risk.", "While useful as a current view of credit exposure, the net MTM value of the derivative receivables does not capture the potential future variability of that credit exposure.", "To capture the potential future variability of credit exposure, the Firm calculates, on a client-by-client basis, three measures of potential derivatives-related credit loss: Peak, Derivative Risk Equivalent (“DRE”) and Average exposure (“AVG”).", "These measures all incorporate netting and collateral benefits, where applicable.", "Peak exposure to a counterparty is an extreme measure of exposure calculated at a 97.5% confidence level.", "However, the total potential future credit risk embedded in the Firm’s derivatives portfolio is not the simple sum of all Peak client credit risks.", "This is because, at the portfolio level, credit risk is reduced by the fact that when offsetting transactions are done with separate counter\u0002parties, only one of the two trades can generate a credit loss, even if both counterparties were to default simultaneously.", "The Firm refers to this effect as market diversification, and the Market-Diversified Peak (“MDP”) measure is a portfolio aggregation of counterparty Peak measures, representing the maximum losses at the 97.5% confidence level that would occur if all coun\u0002terparties defaulted under any one given market scenario and time frame.", "Derivative Risk Equivalent (“DRE”) exposure is a measure that expresses the riskiness of derivative exposure on a basis intended to be equivalent to the riskiness of loan exposures.", "The measurement is done by equating the unexpected loss in a derivative counterparty exposure (which takes into consideration both the loss volatility and the credit rating of the counterparty) with the unexpected loss in a loan exposure (which takes into consideration only the credit rating of the counterparty).", "DRE is a less extreme measure of potential credit loss than Peak and is the primary measure used by the Firm for credit approval of derivative transactions.", "Finally, Average exposure (“AVG”) is a measure of the expected MTM value of the Firm’s derivative receivables at future time periods, including the benefit of collateral.", "AVG exposure over the total life of the derivative contract is used as the primary metric for pricing purposes and is used to calculate credit capital and the Credit Valuation Adjustment (“CVA”), as further described below.", "Average exposure was $36 billion and $38 billion at December 31, 2005 and 2004, respectively, compared with derivative receivables MTM net of other highly liquid collateral of $44 billion and $57 billion at December 31, 2005 and 2004, respectively.", "The graph below shows exposure profiles to derivatives over the next 10 years as calculated by the MDP, DRE and AVG metrics.", "All three measures generally show declining exposure after the first year, if no new trades were added to the portfolio.", "Notes to consolidated financial statements 210 JPMorgan Chase & Co. /2010 Annual Report Estimated future benefit payments The following table presents benefit payments expected to be paid, which include the effect of expected future service, for the years indicated.", "The OPEB medical and life insurance payments are net of expected retiree contributions.", "|Year ended December 31,|U.S. defined benefit pension plans|Non-U.S. defined benefit pension plans|OPEB before Medicare Part D subsidy|Medicare Part D subsidy|\n|(in millions)|\n|2011|$1,001|$84|$99|$10|\n|2012|1,011|92|97|11|\n|2013|587|98|95|12|\n|2014|593|102|94|13|\n|2015|592|111|92|14|\n|Years 2016—2020|3,013|640|418|78|\n", "Note 10 – Employee stock-based incentives Employee stock-based awards In 2010, 2009, and 2008, JPMorgan Chase granted long-term stock-based awards to certain key employees under the 2005 Long\u0002Term Incentive Plan (the “2005 Plan”).", "The 2005 Plan became effective on May 17, 2005, and was amended in May 2008.", "Under the terms of the amended 2005 plan, as of December 31, 2010, 113 million shares of common stock are available for issuance through May 2013.", "The amended 2005 Plan is the only active plan under which the Firm is currently granting stock-based incentive awards.", "In the following discussion, the 2005 Plan, plus prior Firm plans and plans assumed as the result of acquisitions, are referred to collectively as the “LTI Plans,” and such plans constitute the Firm’s stock-based incentive plans.", "Restricted stock units (“RSUs”) are awarded at no cost to the recipi\u0002ent upon their grant.", "RSUs are generally granted annually and gener\u0002ally vest at a rate of 50% after two years and 50% after three years and convert into shares of common stock at the vesting date.", "In addition, RSUs typically include full-career eligibility provisions, which allow employees to continue to vest upon voluntary termination, subject to post-employment and other restrictions based on age or service-related requirements.", "All of these awards are subject to forfeiture until vested.", "An RSU entitles the recipient to receive cash payments equivalent to any dividends paid on the underlying com\u0002mon stock during the period the RSU is outstanding and, as such, are considered participating securities as discussed in Note 25 on page 269 of this Annual Report.", "Under the LTI Plans, stock options and stock appreciation rights (“SARs”) have generally been granted with an exercise price equal to the fair value of JPMorgan Chase’s common stock on the grant date.", "The Firm typically awards SARs to certain key employees once per year, and it also periodically grants discretionary stock-based incentive awards to individual employees, primarily in the form of both employee stock options and SARs.", "The 2010, 2009 and 2008 grants of SARs to key employees vest ratably over five years (i. e. , 20% per year).", "The 2010 grants of SARs contain full-career eligibil\u0002ity provisions; the 2009 and 2008 grants of SARs do not include any full-career eligibility provisions.", "SARs generally expire 10 years after the grant date.", "The Firm separately recognizes compensation expense for each tranche of each award as if it were a separate award with its own vesting date.", "Generally, for each tranche granted, compensation expense is recognized on a straight-line basis from the grant date until the vesting date of the respective tranche, provided that the employees will not become full-career eligible during the vesting period.", "For awards with full-career eligibility provisions and awards granted with no future substantive service requirement, the Firm accrues the estimated value of awards expected to be awarded to employees as of the grant date without giving consideration to the impact of post-employment restrictions.", "For each tranche granted to employees who will become full-career eligible during the vest\u0002ing period, compensation expense is recognized on a straight-line basis from the grant date until the earlier of the employee’s full\u0002career eligibility date or the vesting date of the respective tranche.", "The Firm’s policy for issuing shares upon settlement of employee stock-based incentive awards is to issue either new shares of com\u0002mon stock or treasury shares.", "During 2010, 2009 and 2008, the Firm settled all of its employee stock-based awards by issuing treasury shares.", "In January 2008, the Firm awarded to its Chairman and Chief Executive Officer up to 2 million SARs.", "The terms of this award are distinct from, and more restrictive than, other equity grants regularly awarded by the Firm.", "The SARs, which have a 10-year term, will become exercisable no earlier than January 22, 2013, and have an exercise price of $39.83.", "The number of SARs that will become exercisable (ranging from none to the full 2 million) and their exercise date or dates may be determined by the Board of Directors based on an annual assessment of the performance of both the CEO and JPMorgan Chase.", "The Firm recognizes this award ratably over an assumed five-year service period, subject to a requirement to recognize changes in the fair value of the award through the grant date.", "The Firm recognized $4 million, $9 million and $1 million in compensation expense in 2010, 2009 and 2008, respectively, for this award.", "Other-than-temporary impairment The following table presents credit losses that are included in the securities gains and losses table above.", "|Year ended December 31, (in millions)|2010|2009|\n| Debt securities the Firm does not intend tosell that have credit losses|||\n|Total other-than-temporary impairmentlosses(a)|$-94|$-946|\n|Losses recorded in/(reclassified from)other comprehensive income|-6|368|\n| Credit losses recognized in income(b)(c)|$-100|$-578|\n", "a) For initial OTTI, represents the excess of the amortized cost over the fair value of AFS debt securities.", "For subsequent OTTI of the same security, represents addi\u0002tional declines in fair value subsequent to the previously recorded OTTI, if appli\u0002cable.", "(b) Represents the credit loss component of certain prime mortgage-backed securities and obligations of U. S.  states and municipalities for 2010, and cer\u0002tain prime and subprime mortgage-backed securities and obligations of U. S.  states and municipalities for 2009 that the Firm does not intend to sell.", "Sub\u0002sequent credit losses may be recorded on securities without a corresponding further decline in fair value if there has been a decline in expected cash flows.", "(c) Excluded from this table are OTTI losses of $7 million that were recognized in income in 2009, related to subprime mortgage-backed debt securities the Firm in\u0002tended to sell.", "These securities were sold in 2009, resulting in the recognition of a recovery of $1 million.", "Changes in the credit loss component of credit-impaired debt securities The following table presents a rollforward for the years ended December 31, 2010 and 2009, of the credit loss component of OTTI losses that were recognized in income related to debt securi\u0002ties that the Firm does not intend to sell.", "|Year ended December 31, (in millions)|2010|2009|\n|Balance, beginning of period|$578|$—|\n|Additions:|||\n|Newly credit-impaired securities|—|578|\n|Increase in losses on previously credit-impairedsecurities|94|—|\n|Losses reclassified from other comprehensiveincome on previously credit-impaired securities|6|—|\n|Reductions:|||\n|Sales of credit-impaired securities|-31|—|\n|Impact of new accounting guidance relatedto VIEs|-15|—|\n| Balance, end of period|$632|$578|\n", "Gross unrealized losses Gross unrealized losses have generally decreased since December 31, 2009, due primarily to market spread improvement and increased liquidity, driving asset prices higher.", "However, gross unrealized losses on certain securities have increased, including on certain corporate debt securities, which are primarily government-guaranteed positions that experienced credit spread widening.", "As of December 31, 2010, the Firm does not intend to sell the securities with a loss position in AOCI, and it is not likely that the Firm will be required to sell these securities before recovery of their amortized cost basis.", "Except for the securities reported in the table above for which credit losses have been recognized in income, the Firm believes that the securities with an unrealized loss in AOCI are not other-than-temporarily impaired as of December 31, 2010.", "Following is a description of the Firm’s principal security invest\u0002ments with the most significant unrealized losses as of December 31, 2010, and the key assumptions used in the Firm’s estimate of the present value of the cash flows most likely to be collected from these investments.", "Mortgage-backed securities – Prime and Alt-A nonagency As of December 31, 2010, gross unrealized losses related to prime and Alt-A residential mortgage-backed securities issued by private issuers were $250 million, all of which have been in an unrealized loss position for 12 months or more.", "Approximately 70% of the total portfolio (by amortized cost) are currently rated below invest\u0002ment-grade; the Firm has recorded other-than-temporary impair\u0002ment losses on 55% of the below investment-grade positions.", "In analyzing prime and Alt-A residential mortgage-backed securities for potential credit losses, the Firm utilizes a methodology that focuses on loan-level detail to estimate future cash flows, which are then allocated to the various tranches of the securities.", "The loan\u0002level analysis primarily considers current home value, loan-to-value (“LTV”) ratio, loan type and geographical location of the underlying property to forecast prepayment, home price, default rate and loss severity.", "The forecasted weighted average underlying default rate on the positions was 21% and the related weighted average loss severity was 50%.", "Based on this analysis, an OTTI loss of $6 million was recognized in 2010 related to securities that experienced increased delinquency rates associated with specific collateral types and origination dates.", "Overall losses have decreased since Decem\u0002ber 31, 2009, with the recovery in security prices resulting from increased demand for higher-yielding asset classes and a decelera\u0002tion in the pace of home price declines due in part to the U. S.  government programs to facilitate financing and to spur home purchases.", "The unrealized loss of $250 million is considered tempo\u0002rary, based on management’s assessment that the estimated future cash flows together with the credit enhancement levels for those securities remain sufficient to support the Firm’s investment.", "The credit enhancements associated with the below investment-grade and investment-grade positions are 9% and 24%, respectively.", "Asset-backed securities – Collateralized loan obligations As of December 31, 2010, gross unrealized losses related to CLOs were $210 million, of which $200 million related to securities that were in an unrealized loss position for 12 months or more.", "Overall losses have decreased since December 31, 2009, mainly as a result of lower default forecasts and spread tightening across various asset classes.", "Substantially all of these securities are rated “AAA,” “AA” and “A” and have an average credit enhancement of 30%.", "Credit enhancement in CLOs is primarily in the form of subordina\u0002tion, which is a form of structural credit enhancement where real\u0002ized losses associated with assets held by an issuing vehicle are allocated to issued tranches considering their relative seniority.", "The key assumptions considered in analyzing potential credit losses were underlying loan and debt security defaults and loss severity.", "Based on current default trends, the Firm assumed collateral default rates of 2.1% for 2010 and 5% thereafter.", "Further, loss severities were assumed to be 48% for loans and 78% for debt securities.", "Losses on collateral were estimated to occur approximately 18 months after default.", "Pledged assets At December 31, 2010, assets were pledged to collateralize repur\u0002chase agreements, other securities financing agreements, derivative transactions and for other purposes, including to secure borrowings and public deposits.", "Certain of these pledged assets may be sold or repledged by the secured parties and are identified as financial instruments owned (pledged to various parties) on the Consoli\u0002dated Balance Sheets.", "In addition, at December 31, 2010 and 2009, the Firm had pledged $288.7 billion and $344.6 billion, respectively, of financial instruments it owns that may not be sold or repledged by the secured parties.", "The significant components of the Firm’s pledged assets were as follows."], "table_evidence": [1], "paragraph_evidence": [0], "source": "multihiertt", "original_question_id": "2b2f7a20787b4695addf24f47fb8cb64"}
{"question": "What's the increasing rate of Goodwill in 2016? (in million)", "python_solution": "def solution():\n    # Define variables name and value\n    goodwill_end_2016 = 6876\n    goodwill_start_2016 = 6876\n\n    # Do math calculation to get the answer\n    answer = ((goodwill_end_2016 - goodwill_start_2016) / goodwill_start_2016) * 100\n\n    return answer", "ground_truth": 0.0, "question_id": "simplong-testmini-44", "paragraphs": ["ANALOG DEVICES, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) The total intrinsic value of options exercised (i. e.  the difference between the market price at exercise and the price paid by the employee to exercise the options) during fiscal 2011, 2010 and 2009 was $96.5 million, $29.6 million and $4.7 million, respectively.", "The total amount of proceeds received by the Company from exercise of these options during fiscal 2011, 2010 and 2009 was $217.4 million, $240.4 million and $15.1 million, respectively.", "Proceeds from stock option exercises pursuant to employee stock plans in the Company’s statement of cash flows of $217.2 million, $216.1 million and $12.4 million for fiscal 2011, 2010 and 2009, respectively, are net of the value of shares surrendered by employees in certain limited circumstances to satisfy the exercise price of options, and to satisfy employee tax obligations upon vesting of restricted stock or restricted stock units and in connection with the exercise of stock options granted to the Company’s employees under the Company’s equity compensation plans.", "The withholding amount is based on the Company’s minimum statutory withholding requirement.", "A summary of the Company’s restricted stock unit award activity as of October 29, 2011 and changes during the year then ended is presented below:", "||Restricted Stock Units Outstanding|Weighted-   Average Grant-   Date Fair Value   Per Share|\n|Restricted stock units outstanding at October 30, 2010|1,265|$28.21|\n|Units granted|898|$34.93|\n|Restrictions lapsed|-33|$24.28|\n|Units forfeited|-42|$31.39|\n|Restricted stock units outstanding at October 29, 2011|2,088|$31.10|\n", "As of October 29, 2011, there was $88.6 million of total unrecognized compensation cost related to unvested share-based awards comprised of stock options and restricted stock units.", "That cost is expected to be recognized over a weighted-average period of 1.3 years.", "The total grant-date fair value of shares that vested during fiscal 2011, 2010 and 2009 was approximately $49.6 million, $67.7 million and $74.4 million, respectively.", "Common Stock Repurchase Program The Company’s common stock repurchase program has been in place since August 2004.", "In the aggregate, the Board of Directors has authorized the Company to repurchase $5 billion of the Company’s common stock under the program.", "Under the program, the Company may repurchase outstanding shares of its common stock from time to time in the open market and through privately negotiated transactions.", "Unless terminated earlier by resolution of the Company’s Board of Directors, the repurchase program will expire when the Company has repurchased all shares authorized under the program.", "As of October 29, 2011, the Company had repurchased a total of approximately 125.0 million shares of its common stock for approximately $4,278.5 million under this program.", "An additional $721.5 million remains available for repurchase of shares under the current authorized program.", "The repurchased shares are held as authorized but unissued shares of common stock.", "Any future common stock repurchases will be dependent upon several factors, including the amount of cash available to the Company in the United States and the Company’s financial performance, outlook and liquidity.", "The Company also from time to time repurchases shares in settlement of employee tax withholding obligations due upon the vesting of restricted stock units, or in certain limited circumstances to satisfy the exercise price of options granted to the Company’s employees under the Company’s equity compensation plans.", "CITIZENS FINANCIAL GROUP, INC.  MANAGEMENT’S DISCUSSION AND ANALYSIS", "||As of|\n|(dollars in millions)|December 31,2016|September 30,2016|June 30,2016|March 31,2016|December 31,2015|September 30,2015|June 30,2015|March 31,2015|\n|Balance Sheet Data:|||||||||\n|Total assets|$149,520|$147,015|$145,183|$140,077|$138,208|$135,447|$137,251|$136,535|\n|Loans and leases-18|107,669|105,467|103,551|100,991|99,042|97,431|96,538|94,494|\n|Allowance for loan and lease losses|1,236|1,240|1,246|1,224|1,216|1,201|1,201|1,202|\n|Total securities|25,610|25,704|24,398|24,057|24,075|24,354|25,134|25,121|\n|Goodwill|6,876|6,876|6,876|6,876|6,876|6,876|6,876|6,876|\n|Total liabilities|129,773|126,834|124,957|120,112|118,562|115,847|117,665|116,971|\n|Deposits|109,804|108,327|106,257|102,606|102,539|101,866|100,615|98,990|\n|Federal funds purchased and securities sold under agreements to repurchase|1,148|900|717|714|802|1,293|3,784|4,421|\n|Other short-term borrowed funds|3,211|2,512|2,770|3,300|2,630|5,861|6,762|7,004|\n|Long-term borrowed funds|12,790|11,902|11,810|10,035|9,886|4,153|3,890|3,904|\n|Total stockholders’ equity|19,747|20,181|20,226|19,965|19,646|19,600|19,586|19,564|\n|Other Balance Sheet Data:|||||||||\n|Asset Quality Ratios:|||||||||\n|Allowance for loan and lease losses as a percentage of total loans and leases|1.15%|1.18%|1.20%|1.21%|1.23%|1.23%|1.24%|1.27%|\n|Allowance for loan and lease losses as a percentage of nonperforming loans and leases|118|112|119|113|115|116|114|106|\n|Nonperforming loans and leases as a percentage of total loans and leases|0.97|1.05|1.01|1.07|1.07|1.06|1.09|1.20|\n|Capital ratios:-19|||||||||\n|CET1 capital ratio-20|11.2|11.3|11.5|11.6|11.7|11.8|11.8|12.2|\n|Tier 1 capital ratio-21|11.4|11.5|11.7|11.9|12.0|12.0|12.1|12.2|\n|Total capital ratio-22|14.0|14.2|14.9|15.1|15.3|15.4|15.3|15.5|\n|Tier 1 leverage ratio-23|9.9|10.1|10.3|10.4|10.5|10.4|10.4|10.5|\n", "(1) Third quarter 2016 noninterest income included $67 million of pre-tax notable items consisting of a $72 million gain on mortgage/home equity TDR transaction, partially offset by $5 million related to asset finance repositioning.", "(2) Third quarter 2016 noninterest expense included $36 million of pre-tax notable items consisting of $17 million of TOP III efficiency initiatives, $11 million related to asset finance repositioning and $8 million of home equity operational items.", "(3) Third quarter 2016 net income included $19 million of after-tax notable items consisting of a $45 million gain on mortgage/home equity TDR transaction, partially offset by $11 million of TOP III efficiency initiatives, $10 million related to asset finance repositioning and $5 million of home equity operational items.", "(4) Third quarter 2016 net income per average common share, basic and diluted, included $0.04 related to notable items consisting of $0.09 attributable to the gain on mortgage/home equity TDR transaction, partially offset by a $0.02 impact from TOP III efficiency initiatives, $0.02 impact related to asset finance repositioning and a $0.01 impact from home equity operational items.", "(5) Second quarter 2015 noninterest expense included $40 million of pre-tax restructuring charges and special items consisting of $25 million of restructuring charges, $1 million of CCAR and regulatory expenses and $14 million related to separation and rebranding.", "(6) Second quarter 2015 net income included $25 million of after-tax restructuring charges and special items consisting of $15 million of restructuring charges, $1 million of CCAR and regulatory expenses and $9 million related to separation and rebranding.", "(7) Second quarter 2015 net income per average common share, basic and diluted, included $0.05 attributed to restructuring and special items.", "(8) First quarter 2015 noninterest expense included $10 million of pre-tax restructuring charges and special items consisting of $1 million of restructuring charges, $1 million of CCAR and regulatory expenses and $8 million related to separation and rebranding.", "(9) First quarter 2015 net income included $6 million of after-tax restructuring charges and special items consisting of $1 million of restructuring charges and $5 million related to separation and rebranding.", "(10) First quarter 2015 net income per average common share, basic and diluted, included $0.01 attributed to restructuring and special items.", "(11) “Return on average common equity” is defined as net income available to common stockholders divided by average common equity.", "Average common equity represents average total stockholders’ equity less average preferred stock.", "(12) “Return on average tangible common equity” is defined as net income (loss) available to common stockholders divided by average common equity excluding average goodwill (net of related deferred tax liability) and average other intangibles.", "Average common equity represents average total stockholders’ equity less average preferred stock.", "(13) “Return on average total assets” is defined as net income (loss) divided by average total assets.", "(14) “Return on average total tangible assets” is defined as net income (loss) divided by average total assets excluding average goodwill (net of related deferred tax liability) and average other intangibles.", "(15) “Efficiency ratio is defined as the ratio of our total noninterest expense to the sum of net interest income and total noninterest income.", "(16) “Net interest margin” is defined as net interest income divided by average total interest-earning assets.", "(17) Ratios for the periods above are presented on an annualized basis.", "(18) Excludes loans held for sale of $625 million, $526 million, $850 million, $751 million, $365 million, $420 million, $697 million, and $376 million as of December 31, 2016, September 30, 2016, June 30, 2016, March 31, 2016, December 31, 2015, September 30, 2015, June 30, 2015 and March 31, 2015, respectively.", "(19) Basel III transitional rules for institutions applying the Standardized approach to calculating risk-weighted assets became effective January 1, 2015.", "The capital ratios and associated components are prepared using the Basel III Standardized transitional approach.", "(20) “Common equity tier 1 capital ratio” represents CET1 capital divided by total risk-weighted assets as defined under Basel III Standardized approach.", "(21) “Tier 1 capital ratio” is tier 1 capital, which includes CET1 capital plus non-cumulative perpetual preferred equity that qualifies as additional tier 1 capital, divided by total risk-weighted assets as defined under Basel III Standardized approach.", "(22) “Total capital ratio” is total capital divided by total risk-weighted assets as defined under Basel III Standardized approach.", "(23) “Tier 1 leverage ratio” is tier 1 capital divided by quarterly average total assets as defined under Basel III Standardized approach.", "In Management’s Discussion and Analysis of Financial Condition and Results of Operations and Quantitative and Qualitative Disclosures About Market Risk, “we,” “us” and “our” refer to Freeport-McMoRan Copper & Gold Inc.  (FCX) and its consolidated subsidiaries.", "The results of operations reported and summarized below are not necessarily indicative of future operating results (refer to “Cautionary Statement” for further discussion).", "In particular, the financial results for the year ended 2013 include the results of FCX Oil & Gas Inc.  (FM O&G) only since June 1, 2013.", "References to “Notes” are Notes included in our Notes to Consolidated Financial Statements.", "Throughout Management’s Discussion and Analysis of Financial Condition and Results of Operations and Quantitative and Qualitative Disclosures About Market Risk, all references to earnings or losses per share are on a diluted basis, unless otherwise noted.", "OVERVIEW In 2013, we completed the acquisitions of Plains Exploration & Production Company (PXP) and McMoRan Exploration Co.  (MMR).", "Refer to Note 2 for further discussion of these acquisitions, including a summary of the preliminary purchase price allocations.", "With these acquisitions, we are a premier United States-based natural resources company with an industry-leading global portfolio of mineral assets, significant oil and natural gas resources, and a growing production profile.", "We are the world’s largest publicly traded copper producer.", "Our portfolio of assets includes the Grasberg minerals district in Indonesia, one of the world’s largest copper and gold deposits, significant mining operations in North and South America, the Tenke Fungurume (Tenke) minerals district in the Democratic Republic of Congo (DRC) in Africa and significant oil and natural gas assets in North America, including reserves in the Deepwater Gulf of Mexico (GOM), onshore and offshore California, in the Eagle Ford shale play in Texas, in the Haynesville shale play in Louisiana, in the Madden area in central Wyoming, and an industry-leading position in the emerging shallow-water Inboard Lower Tertiary/Cretaceous natural gas trend on the Shelf of the GOM and onshore in South Louisiana (previously referred to as the ultra-deep gas trend).", "We have significant mineral reserves, resources and future development opportunities within our portfolio of mining assets.", "At December 31, 2013, our estimated consolidated recoverable proven and probable mineral reserves totaled 111.2 billion pounds of copper, 31.3 million ounces of gold and 3.26 billion pounds of molybdenum, which were determined using long-term average prices of $2.00 per pound for copper, $1,000 per ounce for gold and $10 per pound for molybdenum.", "Refer to “Critical Accounting Estimates — Mineral Reserves” for further discussion.", "A summary of the sources of our consolidated copper, gold and molybdenum production for the year 2013 by geographic location follows:", "||Copper|Gold|Molybdenum||\n|North America|35%|1%|86%|a|\n|South America|32%|8%|14%||\n|Indonesia|22%|91%|—||\n|Africa|11%|—|—||\n||100%|100%|100%||\n", "a.", "For 2013, 60 percent of our consolidated molybdenum production in North America was from the Henderson and Climax primary molybdenum mines.", "Copper production from the Grasberg, Morenci and Cerro Verde mines totaled 49 percent of our consolidated copper production in 2013.", "During 2013, we completed our second phase expansion project at Tenke.", "We also advanced construction on the Morenci mill expansion, with startup expected in the first half of 2014, and commenced construction on the Cerro Verde mill expansion, with completion expected in 2016.", "These projects are expected to significantly increase our minerals production in future periods.", "Refer to “Operations” for further discussion of our mining operations.", "Our oil and gas business has significant proved, probable and possible reserves with financially attractive organic growth opportunities.", "Our estimated proved oil and natural gas reserves at December 31, 2013, totaled 464 million barrels of oil equivalents (MMBOE), with 80 percent comprised of oil (including natural gas liquids, or NGLs).", "Our portfolio includes a broad range of development opportunities and high-potential exploration prospects.", "For the seven-month period following the acquisition date, our oil and gas sales volumes totaled 38.1 MMBOE, including 26.6 million barrels (MMBbls) of crude oil, 54.2 billion cubic feet (Bcf) of natural gas and 2.4 MMBbls of NGLs.", "Refer to “Operations” for further discussion of our oil and gas operations and to “Critical Accounting Estimates — Oil and Natural Gas Reserves” for further discussion of our reserves.", "Our results for 2013, compared with 2012, primarily benefited from higher copper and gold sales volumes, partly offset by lower metals price realizations, and include the results of FM O&G beginning June 1, 2013.", "Refer to “Consolidated Results” for discussion of items impacting our consolidated results for the three years ended December 31, 2013.", "At December 31, 2013, we had $2.0 billion in consolidated cash and cash equivalents and $20.7 billion in total debt, including $10.5 billion of acquisition-related debt and $6.7 billion of debt assumed in connection with the oil and gas acquisitions.", "Refer to Note 8 and “Capital Resources and Liquidity” for further discussion.", "At current copper and crude oil prices, we expect to produce significant operating cash flows, and to use our cash to invest in our development projects, reduce debt and return cash to shareholders through dividends on our common stock."], "table_evidence": [19], "paragraph_evidence": [20], "source": "multihiertt", "original_question_id": "f2baac02e2ac497a9afdaf0918105e33"}
{"question": "what was the percentage change in revenues for investments in 50% ( 50 % ) or less owned investments accounted for using the equity method between 2000 and 2001?", "python_solution": "def solution():\n    # Define variables name and value\n    revenues_2001 = 6147\n    revenues_2000 = 6241\n    \n    # Do math calculation to get the answer\n    change_in_revenues = revenues_2001 - revenues_2000\n    percentage_change_in_revenues = (change_in_revenues / revenues_2000) * 100\n    \n    return percentage_change_in_revenues", "ground_truth": -1.506168883191796, "question_id": "simplong-testmini-45", "paragraphs": ["affiliated company.", "The loss recorded on the sale was approximately $14 million and is recorded as a loss on sale of assets and asset impairment expenses in the accompanying consolidated statements of operations.", "In the second quarter of 2002, the Company recorded an impairment charge of approximately $40 million, after income taxes, on an equity method investment in a telecommunications company in Latin America held by EDC.", "The impairment charge resulted from sustained poor operating performance coupled with recent funding problems at the invested company.", "During 2001, the Company lost operational control of Central Electricity Supply Corporation (‘‘CESCO’’), a distribution company located in the state of Orissa, India.", "CESCO is accounted for as a cost method investment.", "In May 2000, the Company completed the acquisition of 100% of Tractebel Power Ltd (‘‘TPL’’) for approximately $67 million and assumed liabilities of approximately $200 million.", "TPL owned 46% of Nigen.", "The Company also acquired an additional 6% interest in Nigen from minority stockholders during the year ended December 31, 2000 through the issuance of approximately 99,000 common shares of AES stock valued at approximately $4.9 million.", "With the completion of these transactions, the Company owns approximately 98% of Nigen’s common stock and began consolidating its financial results beginning May 12, 2000.", "Approximately $100 million of the purchase price was allocated to excess of costs over net assets acquired and was amortized through January 1, 2002 at which time the Company adopted SFAS No.142 and ceased amortization of goodwill.", "In August 2000, a subsidiary of the Company acquired a 49% interest in Songas Limited (‘‘Songas’’) for approximately $40 million.", "The Company acquired an additional 16.79% of Songas for approximately $12.5 million, and the Company began consolidating this entity in 2002.", "Songas owns the Songo Songo Gas-to-Electricity Project in Tanzania.", "In December 2002, the Company signed a Sales Purchase Agreement to sell Songas.", "The sale is expected to close in early 2003.", "See Note 4 for further discussion of the transaction.", "The following table presents summarized comparative financial information (in millions) for the Company’s investments in 50% or less owned investments accounted for using the equity method.", "|AS OF AND FOR THE YEARS ENDED DECEMBER 31,|2002|2001|2000|\n|Revenues|$2,832|$6,147|$6,241|\n|Operating Income|695|1,717|1,989|\n|Net Income|229|650|859|\n|Current Assets|1,097|3,700|2,423|\n|Noncurrent Assets|6,751|14,942|13,080|\n|Current Liabilities|1,418|3,510|3,370|\n|Noncurrent Liabilities|3,349|8,297|5,927|\n|Stockholder's Equity|3,081|6,835|6,206|\n", "In 2002, 2001 and 2000, the results of operations and the financial position of CEMIG were negatively impacted by the devaluation of the Brazilian Real and the impairment charge recorded in 2002.", "The Brazilian Real devalued 32%, 19% and 8% for the years ended December 31, 2002, 2001 and 2000, respectively.", "The Company recorded $83 million, $210 million, and $64 million of pre-tax non-cash foreign currency transaction losses on its investments in Brazilian equity method affiliates during 2002, 2001 and 2000, respectively.", "Consumers purchases the balance of its required gas supply under incremental firm transportation contracts, firm city gate contracts and, as needed, interruptible transportation contracts.", "The amount of interruptible transportation service and its use vary primarily with the price for such service and the availability and price of the spot supplies being purchased and transported.", "Consumers’ use of interruptible transportation is generally in off-peak summer months and after Consumers has fully utilized the services under the firm transportation agreements.", "Enterprises Enterprises, through various subsidiaries and certain equity investments, is engaged primarily in domestic independent power production.", "Enterprises’ operating revenue included in Continuing Operations in our consolidated financial statements was $383 million in 2007, $438 million in 2006, and $693 million in 2005.", "Operating revenue included in Discontinued Operations in our consolidated financial statements was $235 million in 2007, $684 million in 2006, and $409 million in 2005.", "In 2007, Enterprises made a significant change in business strategy by exiting the international marketplace and refocusing its business strategy to concentrate on its independent power business in the United States.", "Independent Power Production CMS Generation was formed in 1986.", "It invested in and operated non-utility power generation plants in the United States and abroad.", "The independent power production business segment’s operating revenue included in Continuing Operations in our consolidated financial statements was $41 million in 2007, $103 million in 2006, and $104 million in 2005.", "Operating revenue included in Discontinued Operations in our consolidated financial statements was $124 million in 2007, $437 million in 2006, and $211 million in 2005.", "In 2007, Enterprises sold CMS Generation and all of its international assets and power production facilities and transferred its domestic independent power plant operations to its subsidiary, Hydra-Co.  For more information on the asset sales, see ITEM 8.", "CMS ENERGY’S FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA — NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — NOTE 2.", "ASSET SALES, DISCONTINUED OPERATIONS AND IMPAIRMENT CHARGES — ASSET SALES.", "IndependentPowerProductionProperties: AtDecember 31,2007,CMSEnergyhadownershipinterestsin independent power plants totaling 1,199 gross MW or 1,078 net MW (net MW reflects that portion of the gross capacity in relation to CMS Energy’s ownership interest).", "The following table details CMS Energy’s interest in independent power plants at December 31, 2007:", "| Location| Fuel Type| Ownership Interest   (%)| Gross Capacity   (MW)| Percentage of   Gross Capacity   Under Long-Term   Contract   (%)|\n|California|Wood|37.8|36|100|\n|Connecticut|Scrap tire|100|31|0|\n|Michigan|Coal|50|70|100|\n|Michigan|Natural gas|100|710|61|\n|Michigan|Natural gas|100|224|0|\n|Michigan|Wood|50|40|100|\n|Michigan|Wood|50|38|100|\n|North Carolina|Wood|50|50|0|\n| Total|||1,199||\n", "For information on capital expenditures, see ITEM 7.", "CMS ENERGY’S MANAGEMENT’S DISCUSSION AND ANALYSIS — CAPITAL RESOURCES AND LIQUIDITY.", "CMS ENERGY CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) December 24, 2008.", "The settlement includes a $20 million decrease in depreciation rates and requires that we not request a new gas general rate increase prior to May 1, 2009.", "OTHER CONTINGENCIES — INDEMNIFICATIONS Equatorial Guinea Tax Claim: In 2004, we received a request for indemnification from the purchaser of CMS Oil and Gas.", "The indemnification claim relates to the sale of our oil, gas and methanol projects in Equatorial Guinea and the claim of the government of Equatorial Guinea that we owe $142 million in taxes in connection with that sale.", "CMS Energy concluded that the government’s tax claim is without merit and the purchaser of CMS Oil and Gas submitted a response to the government rejecting the claim.", "The government of Equatorial Guinea has indicated that it still intends to pursue its claim.", "We cannot predict the financial impact or outcome of this matter.", "Moroccan Tax Claim: In May 2007, we sold our 50 percent interest in Jorf Lasfar.", "As part of the sale agreement, we agreed to indemnify the purchaser for 50 percent of any tax assessments on Jorf Lasfar attributable to tax years prior to the sale.", "In December 2007, the Moroccan tax authority concluded its audit of Jorf Lasfar for tax years 2003 through 2005.", "The audit asserted deficiencies in certain corporate and withholding taxes.", "In January 2009, we paid $18 million, which was charged against a tax indemnification liability established when we recorded the sale of Jorf Lasfar, and accordingly it did not affect earnings.", "Marathon Indemnity Claim regarding F. T.  Barr Claim: On December 3, 2001, F.  T.  Barr, an individual with an overriding royalty interest in production from the Alba field, filed a lawsuit in Harris County District Court in Texas against CMS Energy, CMS Oil and Gas and other defendants alleging that his overriding royalty payments related to Alba field production were improperly calculated.", "CMS Oil and Gas believes that Barr was paid properly on gas sales and that he was not entitled to the additional overriding royalty payment sought.", "All parties signed a confidential settlement agreement on April 26, 2004.", "The settlement resolved claims between Barr and the defendants, and the involved CMS Energy entities reserved all defenses to any indemnity claim relating to the settlement.", "There is disagreement between Marathon and certain current or former CMS Energy entities as to the existence and scope of any indemnity obligations to Marathon in connection with the settlement.", "Between April 2005 and April 2008, there were no further communications between Marathon and CMS Energy entities regarding this matter.", "In April 2008, Marathon indicated its intent to pursue the indemnity claim.", "Present and former CMS Energy entities and Marathon entered into an agreement tolling the statute of limitations on any claim by Marathon under the indemnity.", "CMS Energy entities dispute Marathon’s claim, and will vigorously oppose it if raised in any legal proceeding.", "CMS Energy entities also will assert that Marathon has suffered minimal, if any, damages.", "CMS Energy cannot predict the outcome of this matter.", "If Marathon’s claim were sustained, it would have a material effect on CMS Energy’s future earnings and cash flow.", "Guarantees and Indemnifications: FIN 45 requires a guarantor, upon issuance of a guarantee, to recognize a liability for the fair value of the obligation it undertakes in issuing the guarantee.", "To measure the fair value of a guarantee liability, we recognize a liability for any premium received or receivable in exchange for the guarantee.", "For a guarantee issued as part of a larger transaction, such as in association with an asset sale or executory contract, we recognize a liability for any premium that we would have received had we issued the guarantee as a single item.", "The following table describes our guarantees at December 31, 2008:", "| Guarantee Description| Issue Date| Expiration Date| Maximum   Obligation| FIN 45   Carrying   Amount|\n|| In Millions|\n|Indemnifications from asset sales and other agreements|Various|Indefinite|$1,445(a)|$84(b)|\n|Surety bonds and other indemnifications|Various|Indefinite|35|1|\n|Guarantees and put options|Various|Various through September 2027|89(c)|1|\n", "ratings, and general information on market movements for investment grade state and municipal securities normally considered by market participants when pricing such debt securities.", "Foreign Corporate Bonds: Foreign corporate debt securities were valued based on quoted market prices, when available, or on yields available on comparable securities of issuers with similar credit ratings.", "Common Stocks: Common stocks in the OPEB Plan consist of equity securities with low transaction costs that were actively managed and tracked by the S&P 500 Index.", "These securities were valued at their quoted closing prices.", "Mutual Funds: Mutual funds represent shares in registered investment companies that are priced based on the daily quoted NAVs that are publicly available and are the basis for transactions to buy or sell shares in the funds.", "Pooled Funds: Pooled funds include both common and collective trust funds as well as special funds that contain only employee benefit plan assets from two or more unrelated benefit plans.", "Presented in the following table are the investment components of these funds:"], "table_evidence": [18], "paragraph_evidence": [-1], "source": "multihiertt", "original_question_id": "a0fc72c3a7ce42fc9080ad67631fc035"}
{"question": "What is the proportion of Asset Management to the total Mortgage and other loans receivable, net of allowance in 2006?", "python_solution": "def solution():\n    # Define variables name and value\n    asset_management = 4884\n    total_mortgage_and_other_loans_receivable = 28418\n    \n    # Do math calculation to get the answer\n    answer = (asset_management / total_mortgage_and_other_loans_receivable) * 100\n    \n    return answer", "ground_truth": 17.18629037933704, "question_id": "simplong-testmini-46", "paragraphs": ["American International Group, Inc.  and Subsidiaries Financial Services Operations AlG's Financial Services subsidiaries engage in diversified activi- ties including aircraft and equipment leasing, capital markets, consumer finance and insurance premium finance.", "Financial Services Results Financial Services results for 2006,2005 and 2004 were as follows:", "|(in millions)|2006|2005|2004|\n|Revenues(a):||||\n|Aircraft Leasing(b)|$4,143|$3,578|$3,136|\n|Capital Markets(c)(d)|-186|3,260|1,278|\n|Consumer Finance(e)|3,819|3,613|2,978|\n|Other|234|74|103|\n|Total|$8,010|$10,525|$7,495|\n|Operating income (loss)(a):|||\n|Aircraft Leasing|$639|$679|$642|\n|Capital Markets(d)|-873|2,661|662|\n|Consumer Finance(f)|761|876|786|\n|Other, includingintercompany adjustments(g)|-3|60|90|\n|Total|$524|$4,276|$2,180|\n", "(a) Includes the effect of hedging activities that did not qualify for hedge accounting treatment under FAS 133, including the related foreign exchange gains and osses.", "For 2006,2005 and 2004, respectively, the effect was $(1.8) billion,$2.0 billion and $(122) million in both revenues and operating income for Capital Markets.", "These amounts result primarily from interest rate and foreign currency derivatives that are economicaly hedging available for sale securities and borrowings.", "For 2004, the effect was $(27) million in operating income for Aircrat Leasing.", "During 2006 and 2005, Aircraft Leasing derivative gains and losses were reported as part of AlG's Other category, and were not reported in Aircraft Leasing operating income.", "(b) Revenues are primarily aircraft lease rentals from ILFC.", "(cC) Revenues, shown net of interest expense of $3.2 bilion,$3.0 bilion and $2.3 bilion, in 2006,2005 and 2004, respectively, were primarily from hedged financial positions entered into in connection with counterparty transactions and the effect of hedging activities that did not quality for hedge accounting treatment under FAS 133 described n (a) above.", "(d) Certain transactions entered into by AIGFP generate tax credits and benefits which are included in income taxes in the consolidated statement of income.", "The amounts of such tax credits and benefits fod the years ended December 31,2006,2005 and 2004, respectively.", "are $50 million,$67 milion and $107 million.", "(e) Revenues are primarily fimance charges.", "() includes catastrophe-related losses of $62 milion recorded in the third quarter of 2005 resulting from hurricane Katrina, which were reduced by $35 milion in 2006 due to the reevaluation of the remaining estimated los ses.", "(g) Includes specific reserves recorded during 2006 in the amount of $42 millon related to two commercial lending trans actions.", "Financial Services operating income decreased in 2006 com- pared to 2005 and increased in 2005 compared to 2004, due primarily to the effect of hedging activities that did not qualify for hedge accounting under FAS 133.", "AIG is reinstituting hedge accounting in the first quarter of 2007 for AlGFP and later in 2007 for the balance of the Financial Services operations.", "Aircraft Leasing AlG's Aircraft Leasing operations represent the operations of ILFC, which generates its revenues primarily from leasing new and used commercial jet aircraft to foreign and domestic airlines.", "Revenues also result from the remarketing of commercial jets for ILFC's own account, and remarketing and fleet management services for airlines and financial institutions.", "ILFC finances its purchases of aircraft primarily through the issuance of a variety of debt instruments.", "The composite borrowing rates at December 31, 2006 and 2005 were 5.17 percent and 4.61 percent, respec- tively.", "The composite borrowing rates did not reflect the benefit of economically hedging ILFC's floating rate and foreign currency denominated debt using interest rate and foreign currency deriva tives.", "These derivatives are effective economic hedges; however, since hedge accounting under FAS 133 was not applied, the benefits of using derivatives to hedge these exposures were not reflected in ILFC's borrowing rates.", "ILFC's sources of revenue are principally from scheduled and charter airlines and companies associated with the airline indus- try.", "The airline industry is sensitive to changes in economic conditions and is cyclical and highly competitive.", "Airlines and related companies may be affected by political or economic instability, terrorist activities, changes in national policy, competi- tive pressures on certain air carriers, fuel prices and shortages, labor stoppages, insurance costs, recessions, world health issues and other political or economic events adversely affecting world or regonal trading markets.", "ILFC is exposed to operating loss and liquidity strain through nonperformance of aircraft lessees, through owning aircraft which it would be unable to sell or re-lease at acceptable rates at lease expiration and, in part, through committing to purchase aircraft which it would be unable to lease.", "ILFC’s revenues and operating income may be adversely affected by the volatile competitive environment in which its customers operate.", "ILFC manages the risk of nonperformance by its lessees with security deposit requirements, repossession rights, overhaul requirements and close monitoring of industry conditions through its marketing force.", "However, there can be no assurance that ILFC would be able to successfully manage the risks relating to the effect of possible future deterioration in the airline industry.", "Approximately 90 percent of ILFC’s ?eet is leased to non-U.", "S.  carriers, and the ?eet, comprised of the most ef?cient aircraft in the airline industry, continues to be in high demand from such carriers.", "ILFC typically contracts to re-lease aircraft before the end of the existing lease term.", "For aircraft returned before the end of the lease term, ILFC has generally been able to re-lease such aircraft within two to six months of its return.", "As a lessor, ILFC considers an aircraft ‘‘idle’’ or ‘‘off lease’’ when the aircraft is not subject to a signed lease agreement or signed letter of intent.", "ILFC had one aircraft off lease at December 31, 2006, and all new aircraft scheduled for delivery through 2007 have been leased.", "Management formally reviews regularly, and no less frequently than quarterly, issues affecting ILFC’s ?eet, including events and circumstances that may cause impairment of aircraft values.", "Management evaluates aircraft in the ?eet as necessary based on", "American International Group, Inc.  and Subsidiaries Management’s Discussion and Analysis of Financial Condition and Results of Operations Continued", "||Life Insurance &||\n||General|Retirement|Financial|Asset||\n|(in millions)|Insurance|Services|Services|Management|Other|Total|\n|2006|||||||\n|Fixed maturities:|||||||\n|Bonds available for sale, at fair value|$67,994|$288,018|$1,357|$29,500|$—|$386,869|\n|Bonds held to maturity, at amortized cost|21,437|—|—|—|—|21,437|\n|Bond trading securities, at fair value|1|10,835|—|—|—|10,836|\n|Equity securities:|||||||\n|Common stocks available for sale, at fair value|4,245|8,705|—|226|80|13,256|\n|Common stocks trading, at fair value|350|14,505|—|—|—|14,855|\n|Preferred stocks available for sale, at fair value|1,884|650|5|—|—|2,539|\n|Mortgage and other loans receivable, net of allowance|17|21,043|2,398|4,884|76|28,418|\n|Financial services assets:|||||||\n|Flight equipment primarily under operating leases, net of accumulated depreciation|—|—|39,875|—|—|39,875|\n|Securities available for sale, at fair value|—|—|47,205|—|—|47,205|\n|Trading securities, at fair value|—|—|5,031|—|—|5,031|\n|Spot commodities|—|—|220|—|—|220|\n|Unrealized gain on swaps, options and forward transactions|—|—|19,607|—|-355|19,252|\n|Trade receivables|—|—|4,317|—|—|4,317|\n|Securities purchased under agreements to resell, at contract value|—|—|30,291|—|—|30,291|\n|Finance receivables, net of allowance|—|—|29,573|—|—|29,573|\n|Securities lending invested collateral, at fair value|5,376|50,099|76|13,755|—|69,306|\n|Other invested assets|9,207|13,962|2,212|13,198|3,532|42,111|\n|Short-term investments, at cost|3,281|15,192|2,807|6,198|5|27,483|\n|Total investments and financial services assets as shown on the balance sheet|113,792|423,009|184,974|67,761|3,338|792,874|\n|Cash|334|740|390|118|8|1,590|\n|Investment income due and accrued|1,363|4,378|23|326|1|6,091|\n|Real estate, net of accumulated depreciation|570|698|17|75|26|1,386|\n|Total invested assets(a)(b)|$116,059|$428,825|$185,404|$68,280|$3,373|$801,941|\n", "(a) Certain reclassifications and format changes have been made to prior period amounts to conform to the current period presentation.", "(b) At December 31, 2006, approximately 68 percent and 32 percent of invested assets were held in domestic and foreign investments, respectively.", "Investment Strategy AIG’s investment strategies are tailored to the speci?c business needs of each operating unit.", "The investment objectives are driven by the business model for each of the businesses: General Insurance, Life Insurance, Retirement Services and Asset Manage-ment’s Spread-Based Investment business.", "The primary objectives are in terms of preservation of capital, growth of surplus and generation of investment income to support the insurance products.", "At the local operating unit level, the strategies are based on considerations that include the local market, liability duration and cash ?ow characteristics, rating agency and regula- tory capital considerations, legal investment limitations, tax optimization and diversi?cation.", "In addition to local risk manage-ment considerations, AIG’s corporate risk management guidelines impose limitations on concentrations to promote diversi?cation by industry, asset class and geographic sector.", "American International Group, Inc. , and Subsidiaries resulted in a benefit to the surplus of the domestic and foreign General Insurance companies of $114 million and $859 million, respectively, and did not affect compliance with minimum regulatory capital requirements.", "As discussed under Item 3.", "Legal Proceedings, various regulators have commenced investigations into certain insurance business practices.", "In addition, the OTS and other regulators routinely conduct examinations of AIG and its subsidiaries, including AIG’s consumer finance operations.", "AIG cannot predict the ultimate effect that these investigations and examinations, or any additional regulation arising therefrom, might have on its business.", "Federal, state or local legislation may affect AIG’s ability to operate and expand its various financial services businesses, and changes in the current laws, regulations or interpretations thereof may have a material adverse effect on these businesses.", "AIG’s U. S.  operations are negatively affected under guarantee fund assessment laws which exist in most states.", "As a result of operating in a state which has guarantee fund assessment laws, a solvent insurance company may be assessed for certain obligations arising from the insolvencies of other insurance companies which operated in that state.", "AIG generally records these assessments upon notice.", "Additionally, certain states permit at least a portion of the assessed amount to be used as a credit against a company’s future premium tax liabilities.", "Therefore, the ultimate net assessment cannot reasonably be estimated.", "The guarantee fund assessments net of credits recognized in 2008, 2007 and 2006, respectively, were $8 million, $87 million and $97 million.", "AIG is also required to participate in various involuntary pools (principally workers’ compensation business) which provide insurance coverage for those not able to obtain such coverage in the voluntary markets.", "This participation is also recorded upon notification, as these amounts cannot reasonably be estimated.", "A substantial portion of AIG’s General Insurance business and a majority of its Life Insurance & Retirement Services business are conducted in foreign countries.", "The degree of regulation and supervision in foreign jurisdictions varies.", "Generally, AIG, as well as the underwriting companies operating in such jurisdictions, must satisfy local regulatory requirements.", "Licenses issued by foreign authorities to AIG subsidiaries are subject to modification and revocation.", "Thus, AIG’s insurance subsidiaries could be prevented from conducting future business in certain of the jurisdictions where they currently operate.", "AIG’s international operations include operations in various developing nations.", "Both current and future foreign operations could be adversely affected by unfavorable political developments up to and including nationalization of AIG’s operations without compensation.", "Adverse effects resulting from any one country may affect AIG’s results of operations, liquidity and financial condition depending on the magnitude of the event and AIG’s net financial exposure at that time in that country.", "Foreign insurance operations are individually subject to local solvency margin requirements that require maintenance of adequate capitalization, which AIG complies with by country.", "In addition, certain foreign locations, notably Japan, have established regulations that can result in guarantee fund assessments.", "These have not had a material effect on AIG’s financial condition or results of operations.", "Investments Investments by Segment The following tables summarize the composition of AIG’s investments by segment:", "|| General   Insurance| Life   Insurance &   Retirement   Services| Financial   Services| Asset   Management| Other| Total|\n|| (In millions)|\n| At December 31, 2008|||||||\n|Fixed maturity securities:|||||||\n|Bonds available for sale, at fair value|$85,791|$262,824|$1,971|$12,284|$172|$363,042|\n|Bond trading securities, at fair value|—|6,296|26,848|5|4,099|37,248|\n|Securities lending invested collateral, at fair value|790|3,054|—|—|—|3,844|\n", "Business Separation Costs On 16 September 2015, the Company announced that it intends to separate its Materials Technologies business via a spin-off.", "During the fourth quarter, we incurred legal and other advisory fees of $7.5 ($.03 per share).", "Gain on Previously Held Equity Interest On 30 December 2014, we acquired our partner’s equity ownership interest in a liquefied atmospheric industrial gases production joint venture in North America for $22.6 which increased our ownership from 50% to 100%.", "The transaction was accounted for as a business combination, and subsequent to the acquisition, the results are consolidated within our Industrial Gases – Americas segment.", "The assets acquired, primarily plant and equipment, were recorded at their fair value as of the acquisition date.", "The acquisition date fair value of the previously held equity interest was determined using a discounted cash flow analysis under the income approach.", "During the first quarter of 2015, we recorded a gain of $17.9 ($11.2 after-tax, or $.05 per share) as a result of revaluing our previously held equity interest to fair value as of the acquisition date.", "Advisory Costs During the fourth quarter of 2013, we incurred legal and other advisory fees of $10.1 ($6.4 after-tax, or $.03 per share) in connection with our response to the rapid acquisition of a large position in shares of our common stock by Pershing Square Capital Management LLC and its affiliates.", "Other Income (Expense), Net Items recorded to other income (expense), net arise from transactions and events not directly related to our principal income earning activities.", "The detail of other income (expense), net is presented in Note 24, Supplemental Information, to the consolidated financial statements.2015 vs.  2014 Other income (expense), net of $47.3 decreased $5.5.", "The current year includes a gain of $33.6 ($28.3 after-tax, or $.13 per share) resulting from the sale of two parcels of land.", "The gain was partially offset by unfavorable foreign exchange impacts and lower gains on other sales of assets and emissions credits.", "No other individual items were significant in comparison to the prior year.2014 vs.  2013 Other income (expense), net of $52.8 decreased $17.4, primarily due to higher gains from the sale of a number of small assets and investments, higher government grants, and a favorable commercial contract settlement in 2013.", "Otherwise, no individual items were significant in comparison to 2013."], "table_evidence": [40], "paragraph_evidence": [-1], "source": "multihiertt", "original_question_id": "032145bd6fdd4712b05cd5495f7c8f35"}
{"question": "What was the total amount of Foreign govt./govt. agencies, Municipal, RMBS and U.S. Treasuries for Fair of 12 Months or More ?", "python_solution": "def solution():\n    # Define variables\n    foreign_govt_12months = 68\n    municipal_12months = 863\n    RMBS_12months = 1147\n    US_treasury_12months = 119\n\n    # Calculate the total amount\n    answer = foreign_govt_12months + municipal_12months + RMBS_12months + US_treasury_12months\n    \n    return answer\n\nsolution()", "ground_truth": 2197.0, "question_id": "simplong-testmini-47", "paragraphs": ["Commercial Paper and Revolving Credit Facility The table below details the Company’s short-term debt programs and the applicable balances outstanding", "|| Effective| Expiration| Maximum Available As of  December 31,| Outstanding As of  December 31,|\n| Description| Date| Date| 2011| 2010| 2011| 2010|\n| Commercial Paper|||||||||\n|The Hartford|11/10/86|N/A|$2,000|$2,000||$—||$—|\n| Revolving Credit Facility|||||||||\n|5-year revolving credit facility [1]|8/9/07|8/9/12|1,900|1,900||—||—|\n| Total Commercial Paper and RevolvingCredit Facility|||$3,900|$3,900| $| —| $|—|\n", "[1] Terminated in January 2012, see discussion that follows.", "While The Hartford’s maximum borrowings available under its commercial paper program are $2.0 billion, the Company is dependent upon market conditions to access short-term financing through the issuance of commercial paper to investors.", "As of December 31, 2011, the Company has no commercial paper outstanding.", "In January 2012, the Company entered into a senior unsecured revolving credit facility (the “Credit Facility”) that provides for borrowing capacity up to $1.75 billion (which is available in U. S.  dollars, and in Euro, Sterling, Canadian dollars and Japanese Yen) through January 6, 2016 and terminated its $1.9 billion unsecured revolving credit facility due August 9, 2012.", "As of December 31, 2011, the Company was in compliance with all financial covenants under the terminated credit facility.", "Of the total availability under the Credit Facility, up to $250 is available to support letters of credit issued on behalf of the Company or subsidiaries of the Company.", "Under the Credit Facility, the Company must maintain a minimum level of consolidated net worth of $16 billion.", "The minimum level of consolidated net worth, as defined, will be adjusted in the first quarter of 2012 upon the adoption of a new DAC accounting standard, see Note 1 of the Notes to Consolidated Financial Statements, by the lesser of approximately $1.0 billion, after-tax representing 70% of the adoption-related estimated DAC charge, or $1.7 billion.", "The definition of consolidated net worth under the terms of the credit facility excludes AOCI and includes the Company’s outstanding junior subordinated debentures and perpetual preferred securities, net of discount.", "In addition, the Company’s maximum ratio of consolidated total debt to consolidated total capitalization is 35%, and the ratio of consolidated total debt of subsidiaries to consolidated total capitalization is limited to 10%.", "The Company will certify compliance with the financial covenants for the syndicate of participating financial institutions on a quarterly basis.", "The Hartford’s Japan operations also maintain two lines of credit in support of operations.", "Both lines of credit are in the amount of $65, or ￥5 billion, and individually have expiration dates of September 30, 2012 and January 3, 2013.", "Derivative Commitments Certain of the Company’s derivative agreements contain provisions that are tied to the financial strength ratings of the individual legal entity that entered into the derivative agreement as set by nationally recognized statistical rating agencies.", "If the legal entity’s financial strength were to fall below certain ratings, the counterparties to the derivative agreements could demand immediate and ongoing full collateralization and in certain instances demand immediate settlement of all outstanding derivative positions traded under each impacted bilateral agreement.", "The settlement amount is determined by netting the derivative positions transacted under each agreement.", "If the termination rights were to be exercised by the counterparties, it could impact the legal entity’s ability to conduct hedging activities by increasing the associated costs and decreasing the willingness of counterparties to transact with the legal entity.", "The aggregate fair value of all derivative instruments with credit-risk-related contingent features that are in a net liability position as of December 31, 2011, is $725.", "Of this $725 the legal entities have posted collateral of $716 in the normal course of business.", "Based on derivative market values as of December 31, 2011, a downgrade of one level below the current financial strength ratings by either Moody’s or S&P could require approximately an additional $37 to be posted as collateral.", "Based on derivative market values as of December 31, 2011, a downgrade by either Moody’s or S&P of two levels below the legal entities’ current financial strength ratings could require approximately an additional $48 of assets to be posted as collateral.", "These collateral amounts could change as derivative market values change, as a result of changes in our hedging activities or to the extent changes in contractual terms are negotiated.", "The nature of the collateral that we would post, if required, would be primarily in the form of U. S.  Treasury bills and U. S.  Treasury notes.", "The aggregate notional amount of derivative relationships that could be subject to immediate termination in the event of rating agency downgrades to either BBB+ or Baa1 as of December 31, 2011 was $14.5 billion with a corresponding fair value of $418.", "The notional and fair value amounts include a customized GMWB derivative with a notional amount of $4.2 billion and a fair value of $207, for which the Company has a contractual right to make a collateral payment in the amount of approximately $45 to prevent its termination.", "This customized GMWB derivative contains an early termination trigger such that if the unsecured, unsubordinated debt of the counterparty’s related party guarantor is downgraded two levels or more below the current ratings by Moody’s and one or more levels by S&P, the counterparty could terminate all transactions under the applicable International Swaps and Derivatives Association Master Agreement.", "As of December 31, 2011, the gross fair value of the affected derivative contracts is $223, which would approximate the settlement value.", "THE HARTFORD FINANCIAL SERVICES GROUP, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) 5.", "Investments and Derivative Instruments (continued) Security Unrealized Loss Aging The following tables present the Company’s unrealized loss aging for AFS securities by type and length of time the security was in a continuous unrealized loss position.", "||December 31, 2011|\n||Less Than 12 Months|12 Months or More|Total|\n|| Amortized| Fair|Unrealized| Amortized| Fair|Unrealized| Amortized| Fair|Unrealized|\n|| Cost| Value|Losses| Cost| Value|Losses| Cost| Value|Losses|\n|ABS|$629|$594|$-35|$1,169|$872|$-297|$1,798|$1,466|$-332|\n|CDOs|81|59|-22|2,709|2,383|-326|2,790|2,442|-348|\n|CMBS|1,297|1,194|-103|2,144|1,735|-409|3,441|2,929|-512|\n|Corporate [1]|4,388|4,219|-169|3,268|2,627|-570|7,656|6,846|-739|\n|Foreign govt./govt. agencies|218|212|-6|51|47|-4|269|259|-10|\n|Municipal|299|294|-5|627|560|-67|926|854|-72|\n|RMBS|415|330|-85|1,206|835|-371|1,621|1,165|-456|\n|U.S. Treasuries|343|341|-2|—|—|—|343|341|-2|\n| Total fixed maturities|7,670|7,243|-427|11,174|9,059|-2,044|18,844|16,302|-2,471|\n|Equity securities|167|138|-29|439|265|-174|606|403|-203|\n| Total securities in an unrealized loss|$7,837|$7,381|$-456|$11,613|$9,324|$-2,218|$19,450|$16,705|$-2,674|\n", "December 31, 2010", "||December 31, 2010|\n||Less Than 12 Months|12 Months or More|Total|\n|| Amortized| Fair|Unrealized| Amortized| Fair|Unrealized| Amortized| Fair|Unrealized|\n|| Cost| Value|Losses| Cost| Value|Losses| Cost| Value|Losses|\n|ABS|$302|$290|$-12|$1,410|$1,026|$-384|$1,712|$1,316|$-396|\n|CDOs|321|293|-28|2,724|2,274|-450|3,045|2,567|-478|\n|CMBS|556|530|-26|3,962|3,373|-589|4,518|3,903|-615|\n|Corporate|5,533|5,329|-199|4,017|3,435|-548|9,550|8,764|-747|\n|Foreign govt./govt. agencies|356|349|-7|78|68|-10|434|417|-17|\n|Municipal|7,485|7,173|-312|1,046|863|-183|8,531|8,036|-495|\n|RMBS|1,744|1,702|-42|1,567|1,147|-420|3,311|2,849|-462|\n|U.S. Treasuries|2,436|2,321|-115|158|119|-39|2,594|2,440|-154|\n| Total fixed maturities|18,733|17,987|-741|14,962|12,305|-2,623|33,695|30,292|-3,364|\n|Equity securities|53|52|-1|637|506|-131|690|558|-132|\n| Total securities in an unrealized loss|$18,786|$18,039|$-742|$15,599|$12,811|$-2,754|$34,385|$30,850|$-3,496|\n", "[1] Unrealized losses exclude the change in fair value of bifurcated embedded derivative features of certain securities.", "Subsequent changes in fair value are recorded in net realized capital gains (losses).", "As of December 31, 2011, AFS securities in an unrealized loss position, comprised of 2,549 securities, primarily related to corporate securities within the financial services sector, CMBS, and RMBS which have experienced significant price deterioration.", "As of December 31, 2011, 75% of these securities were depressed less than 20% of cost or amortized cost.", "The decline in unrealized losses during 2011 was primarily attributable to a decline in interest rates, partially offset by credit spread widening.", "Most of the securities depressed for twelve months or more relate to structured securities with exposure to commercial and residential real estate, as well as certain floating rate corporate securities or those securities with greater than 10 years to maturity, concentrated in the financial services sector.", "Current market spreads continue to be significantly wider for structured securities with exposure to commercial and residential real estate, as compared to spreads at the security’s respective purchase date, largely due to the economic and market uncertainties regarding future performance of commercial and residential real estate.", "In addition, the majority of securities have a floating-rate coupon referenced to a market index where rates have declined substantially.", "The Company neither has an intention to sell nor does it expect to be required to sell the securities outlined above.", "THE HARTFORD FINANCIAL SERVICES GROUP, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) F-40 5.", "Investments and Derivative Instruments (continued) Variable Interest Entities The Company is involved with various special purpose entities and other entities that are deemed to be VIEs primarily as a collateral manager and as an investor through normal investment activities, as well as a means of accessing capital.", "A VIE is an entity that either has investors that lack certain essential characteristics of a controlling financial interest or lacks sufficient funds to finance its own activities without financial support provided by other entities.", "The Company performs ongoing qualitative assessments of its VIEs to determine whether the Company has a controlling financial interest in the VIE and therefore is the primary beneficiary.", "The Company is deemed to have a controlling financial interest when it has both the ability to direct the activities that most significantly impact the economic performance of the VIE and the obligation to absorb losses or right to receive benefits from the VIE that could potentially be significant to the VIE.", "Based on the Company’s assessment, if it determines it is the primary beneficiary, the Company consolidates the VIE in the Company’s Consolidated Financial Statements.", "Consolidated VIEs The following table presents the carrying value of assets and liabilities, and the maximum exposure to loss relating to the VIEs for which the Company is the primary beneficiary.", "Creditors have no recourse against the Company in the event of default by these VIEs nor does the Company have any implied or unfunded commitments to these VIEs.", "The Company’s financial or other support provided to these VIEs is limited to its investment management services and original investment.", "|| December 31, 2011| December 31, 2010|\n|| Total  Assets| Total  Liabilities [1]| Maximum  Exposure  to Loss [2]| Total  Assets| Total  Liabilities [1]| Maximum  Exposure  to Loss [2]|\n|CDOs [3]|$491|$471|$29|$729|$393|$289|\n|Limited partnerships|7|—|7|14|1|13|\n| Total|$498|$471|$36|$743|$394|$302|\n", "[1] Included in other liabilities in the Company’s Consolidated Balance Sheets.", "[2] The maximum exposure to loss represents the maximum loss amount that the Company could recognize as a reduction in net investment income or as a realized capital loss and is the cost basis of the Company’s investment.", "[3] Total assets included in fixed maturities, AFS, and fixed maturities, FVO, in the Company’s Consolidated Balance Sheets.", "CDOs represent structured investment vehicles for which the Company has a controlling financial interest as it provides collateral management services, earns a fee for those services and also holds investments in the securities issued by these vehicles.", "Limited partnerships represent one hedge fund for which the Company holds a majority interest in the fund as an investment.", "Non-Consolidated VIEs The Company holds a significant variable interest for one VIE for which it is not the primary beneficiary and, therefore, was not consolidated on the Company’s Consolidated Balance Sheets.", "This VIE represents a contingent capital facility (“facility”) that has been held by the Company since February 2007 for which the Company has no implied or unfunded commitments.", "Assets and liabilities recorded for the facility were $28 as of December 31, 2011 and $32 as of December 31, 2010.", "Additionally, the Company has a maximum exposure to loss of $3 as of December 31, 2011 and $4 as of December 31, 2010, which represents the issuance costs that were incurred to establish the facility.", "The Company does not have a controlling financial interest as it does not manage the assets of the facility nor does it have the obligation to absorb losses or the right to receive benefits that could potentially be significant to the facility, as the asset manager has significant variable interest in the vehicle.", "The Company’s financial or other support provided to the facility is limited to providing ongoing support to cover the facility’s operating expenses.", "For further information on the facility, see Note 14.", "In addition, the Company, through normal investment activities, makes passive investments in structured securities issued by VIEs for which the Company is not the manager which are included in ABS, CDOs, CMBS and RMBS in the Available-for-Sale Securities table and fixed maturities, FVO, in the Company’s Consolidated Balance Sheets.", "The Company has not provided financial or other support with respect to these investments other than its original investment.", "For these investments, the Company determined it is not the primary beneficiary due to the relative size of the Company’s investment in comparison to the principal amount of the structured securities issued by the VIEs, the level of credit subordination which reduces the Company’s obligation to absorb losses or right to receive benefits and the Company’s inability to direct the activities that most significantly impact the economic performance of the VIEs.", "The Company’s maximum exposure to loss on these investments is limited to the amount of the Company’s investment.", "In reporting environmental results, the Company classifies its gross exposure into Direct, Assumed Reinsurance, and London Market.", "The following table displays gross environmental reserves and other statistics by category as of December 31, 2011.", "Summary of Environmental Reserves As of December 31, 2011", "||Total Reserves|\n|Gross [1] [2]||\n|Direct|$271|\n|Assumed Reinsurance|39|\n|London Market|57|\n|Total|367|\n|Ceded|-47|\n|Net|$320|\n", "[1] The one year gross paid amount for total environmental claims is $58, resulting in a one year gross survival ratio of 6.4.", "[2] The three year average gross paid amount for total environmental claims is $58, resulting in a three year gross survival ratio of 6.4.", "During the second quarters of 2011, 2010 and 2009, the Company completed its annual ground-up asbestos reserve evaluations.", "As part of these evaluations, the Company reviewed all of its open direct domestic insurance accounts exposed to asbestos liability, as well as assumed reinsurance accounts and its London Market exposures for both direct insurance and assumed reinsurance.", "Based on this evaluation, the Company strengthened its net asbestos reserves by $290 in second quarter 2011.", "During 2011, for certain direct policyholders, the Company experienced increases in claim frequency, severity and expense which were driven by mesothelioma claims, particularly against certain smaller, more peripheral insureds.", "The Company also experienced unfavorable development on its assumed reinsurance accounts driven largely by the same factors experienced by the direct policyholders.", "During 2010 and 2009, for certain direct policyholders, the Company experienced increases in claim severity and expense.", "Increases in severity and expense were driven by litigation in certain jurisdictions and, to a lesser extent, development on primarily peripheral accounts.", "The Company also experienced unfavorable development on its assumed reinsurance accounts driven largely by the same factors experienced by the direct policyholders.", "The net effect of these changes in 2010 and 2009 resulted in $169 and $138 increases in net asbestos reserves, respectively.", "The Company currently expects to continue to perform an evaluation of its asbestos liabilities annually.", "The Company divides its gross asbestos exposures into Direct, Assumed Reinsurance and London Market.", "The Company further divides its direct asbestos exposures into the following categories: Major Asbestos Defendants (the “Top 70” accounts in Tillinghast’s published Tiers 1 and 2 and Wellington accounts), which are subdivided further as: Structured Settlements, Wellington, Other Major Asbestos Defendants, Accounts with Future Expected Exposures greater than $2.5, Accounts with Future Expected Exposures less than $2.5, and Unallocated.  ?", "Structured Settlements are those accounts where the Company has reached an agreement with the insured as to the amount and timing of the claim payments to be made to the insured.  ?", "The Wellington subcategory includes insureds that entered into the “Wellington Agreement” dated June 19, 1985.", "The Wellington Agreement provided terms and conditions for how the signatory asbestos producers would access their coverage from the signatory insurers.  ?", "The Other Major Asbestos Defendants subcategory represents insureds included in Tiers 1 and 2, as defined by Tillinghast that are not Wellington signatories and have not entered into structured settlements with The Hartford.", "The Tier 1 and 2 classifications are meant to capture the insureds for which there is expected to be significant exposure to asbestos claims.  ?", "Accounts with future expected exposures greater or less than $2.5 include accounts that are not major asbestos defendants.  ?", "The Unallocated category includes an estimate of the reserves necessary for asbestos claims related to direct insureds that have not previously tendered asbestos claims to the Company and exposures related to liability claims that may not be subject to an aggregate limit under the applicable policies.", "An account may move between categories from one evaluation to the next.", "For example, an account with future expected exposure of greater than $2.5 in one evaluation may be reevaluated due to changing conditions and recategorized as less than $2.5 in a subsequent evaluation or vice versa."], "table_evidence": [33], "paragraph_evidence": [-1], "source": "multihiertt", "original_question_id": "a76ffcd4626241179ae83d59841a141a"}
{"question": "What's the growth rate of Swaps in terms of Interest rate contracts with Contract/ Notional in 2005?", "python_solution": "def solution():\n    # Define variables name and value\n    swaps_2005 = 11597813\n    swaps_2004 = 14401577\n    \n    # Do math calculation to get the answer\n    difference = swaps_2004 - swaps_2005\n    growth_rate = (difference / swaps_2005) * 100\n    \n    return growth_rate", "ground_truth": 24.174937119610394, "question_id": "simplong-testmini-48", "paragraphs": ["BANK OF AMERICA CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements—(Continued) A portion of the derivative activity involves exchange-traded instruments.", "Exchange-traded instruments conform to standard terms and are subject to policies set by the exchange involved, including margin and security deposit requirements.", "Management believes the credit risk associated with these types of instruments is minimal.", "The average fair value of Derivative Assets for 2005 and 2004 was $25.9 billion and $28.0 billion.", "The average fair value of Derivative Liabilities for 2005 and 2004 was $16.8 billion and $15.7 billion.", "The following table presents the contract/notional amounts and credit risk amounts at December 31, 2005 and 2004 of all the Corporation’s derivative positions.", "These derivative positions are primarily executed in the over-the-counter market.", "The credit risk amounts take into consideration the effects of legally enforceable master netting agreements, and on an aggregate basis have been reduced by the cash collateral applied against Derivative Assets.", "At December 31, 2005 and 2004, the cash collateral applied against Derivative Assets on the Consolidated Balance Sheet was $9.3 billion and $9.4 billion.", "In addition, at December 31, 2005 and 2004, the cash collateral placed against Derivative Liabilities was $7.6 billion and $6.0 billion.", "Derivatives(1)", "|| December 31 |\n|| 2005 |2004 |\n| (Dollars in millions)| Contract/ Notional | Credit Risk |Contract/ Notional |Credit Risk |\n| Interest rate contracts|||||\n|Swaps|$14,401,577|$11,085|$11,597,813|$12,705|\n|Futures and forwards|2,113,717|—|1,833,216|332|\n|Written options|900,036|—|988,253|—|\n|Purchased options|869,471|3,345|1,243,809|4,840|\n| Foreign exchange contracts|||||\n|Swaps|333,487|3,735|305,999|7,859|\n|Spot, futures and forwards|944,321|2,481|956,995|3,593|\n|Written options|214,668|—|167,225|—|\n|Purchased options|229,049|1,214|163,243|679|\n| Equity contracts|||||\n|Swaps|28,287|548|34,130|1,039|\n|Futures and forwards|6,479|44|4,078|—|\n|Written options|69,048|—|37,080|—|\n|Purchased options|57,693|6,729|32,893|5,741|\n| Commodity contracts|||||\n|Swaps|8,809|2,475|10,480|2,099|\n|Futures and forwards|5,533|—|6,307|6|\n|Written options|7,854|—|9,270|—|\n|Purchased options|3,673|546|5,535|301|\n| Credit derivatives -2|2,017,896|766|499,741|430|\n|Credit risk before cash collateral||32,968||39,624|\n|Less: Cash collateral applied||9,256||9,389|\n| Total derivative assets||$23,712||$30,235|\n", "(1) Includes long and short derivative positions.", "(2) The increase in credit derivatives notional amounts reflects structured basket transactions and customer-driven activity.", "ALM Process Interest rate contracts and foreign exchange contracts are utilized in the Corporation’s ALM process.", "The Corporation maintains an overall interest rate risk management strategy that incorporates the use of interest rate contracts to minimize significant fluctuations in earnings that are caused by interest rate volatility.", "The Corporation’s goal is to manage interest rate sensitivity so that movements in interest rates do not significantly adversely affect Net Interest Income.", "As a result of interest rate fluctuations, hedged fixed-rate assets and liabilities appreciate or depreciate in market value.", "Gains or losses on the derivative instruments that are linked to the hedged fixed-rate assets and liabilities are expected to substantially offset this unrealized appreciation or depreciation.", "Interest Income and Interest Expense on hedged variable-rate assets and liabilities increase or decrease as a result of interest rate fluctuations.", "Gains and losses on the derivative instruments that are linked to these hedged assets and liabilities are expected to substantially offset this variability in earnings.", "CHIPOTLE MEXICAN GRILL, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) (dollar and share amounts in thousands, unless otherwise specified) The following table reflects the assumptions utilized to value the 2007 stock option awards granted, the 2006 stock option awards granted, option modifications in 2006, the SARs conversion upon the initial public offering and to value the SARs as of December 31, 2005 using the Black-Scholes valuation model.", "In accordance with FAS 123(R), upon conversion to options in conjunction with the initial public offering, the SARs were revalued using the assumptions as of that date.", "In addition, the SARs were revalued as of December 31, 2005 using the assumptions effective as of that date which are also noted above.", "The risk-free interest rate is based upon U. S.  Treasury Rates for instruments with similar terms.", "The expected life of the 2007 and 2006 granted options was derived utilizing the short-cut method allowed for a vanilla option grant under Staff Accounting Bulletin No.107, in which the expected life is assumed to be the average of the vesting period and the contractual life of the option.", "The Company has not paid dividends to date and does not plan to pay dividends in the near future.", "The volatility assumptions were derived from the Company’s actual and implied volatilities and historical volatilities of competitors whose shares are traded in the public markets and are adjusted to reflect anticipated behavior specific to the Company.", "In 2005, the Company’s annual independent stock valuations were also considered in the calculation of volatility.", "|| 2007| 2006| 2005|\n|Risk-free interest rate|4.7%|4.4% to 5.3%|3.9%|\n|Expected life (years)|5.0|0.1 to 5.0|5.0|\n|Expected dividend yield|0.0%|0.0%|0.0%|\n|Volatility|35%|40.0%|37.0%|\n", "9.", "Employee Benefit Plans In October 2006, effective upon consummation of the Disposition, the Company adopted the Chipotle Mexican Grill 401(k) plan (the “401(k) plan”).", "Prior to October 2006, eligible Chipotle employees were participants of a 401(k) plan sponsored by McDonald’s.", "The Company matches 100% of the first 3% of pay contributed by each eligible employee and 50% on the next 2% of pay contributed.", "Employees become eligible to receive matching contributions after one year of service with the Company.", "For the years ended December 31, 2007, 2006 and 2005, Company matching contributions totaled approximately $1,234, $1,070 and $828, respectively.", "As a result of the Disposition, the Company adopted the Chipotle Mexican Grill, Inc.", "Supplemental Deferred Investment Plan (the “Deferred Plan”) which covers eligible employees of the Company.", "The Deferred Plan is a non-qualified, unfunded plan that allows participants to make tax-deferred contributions that cannot be made under the 401(k) plan because of Internal Revenue Service limitations.", "Participants’ earnings on contributions made to the Deferred Plan fluctuate with the actual earnings and losses of a variety of available investment choices selected by the participant.", "Total liabilities under the Deferred Plan as of December 31, 2007 and 2006 were $800 and $111, respectively, and are included in other long-term liabilities in the consolidated balance sheet.", "The Company matches 100% of the first 3% of pay contributed by each eligible employee and 50% on the next 2% of pay contributed once the 401(k) contribution limits are reached.", "For the years ended December 31, 2007 and 2006, the Company made deferred compensation matches of $137 and $25, respectively, to the Deferred Plan.", "Prior to October 2006, eligible Chipotle employees were participants of a deferred compensation plan sponsored by McDonald’s.", "Notes to Consolidated Financial Statements – (continued) (Amounts in Millions, Except per Share Amounts) In 2012, amounts reversed to costs and expenses primarily relate to the net reversal of valuation allowances in the Asia Pacific and Continental Europe regions, based on positive evidence in the form of a sustained pattern of profitability.", "Amounts reversed to gross tax assets and other accounts relate primarily to the reversal of valuation allowance on foreign tax credits.", "In 2011, amounts reversed to costs and expenses primarily relate to the utilization of capital loss carryforwards and the expiration of foreign tax credits on which 100% valuation allowances had been established, and the net reversal of valuation allowances based on positive evidence in the form of a sustained pattern of profitability.", "These reversals were partially offset by the establishment of an additional deferred tax asset and a corresponding valuation allowance for a Luxembourg tax loss carryforward.", "In 2010, amounts charged to costs and expenses primarily relate to the establishment of a deferred tax asset and a corresponding valuation allowance for a Luxembourg tax loss carryforward, which were first available for effective utilization in 2011.", "This resulted from restructuring due to a tax law change in Luxembourg.", "Amounts reversed to gross tax assets and other accounts relate primarily to the effect of foreign currency translation.", "As of December 31, 2012, there are $1,356.6 of loss carryforwards, of which $15.1 are U. S.  tax loss carryforwards that expire in the years 2026 through 2029.", "The remaining $1,341.5 are non-U.", "S.  tax loss carryforwards, of which $1,091.1 have unlimited carryforward periods and $250.4 have expiration periods from 2013 through 2031.", "As of December 31, 2012 and 2011, we had $2,110.0 and $1,766.7, respectively, of undistributed earnings attributable to foreign subsidiaries.", "It is our intention to permanently reinvest undistributed earnings of our foreign subsidiaries.", "We have not provided deferred U. S.  income taxes or foreign withholding taxes on temporary differences resulting from earnings for certain foreign subsidiaries which are permanently reinvested outside the U. S.  It is not practicable to determine the amount of unrecognized deferred tax liability associated with these temporary differences.", "The table below summarizes the activity related to our unrecognized tax benefits.", "||December 31,|\n||2012|2011|2010|\n|Balance at beginning of period|$161.0|$146.7|$160.5|\n|Increases as a result of tax positions taken during a prior year|28.2|5.3|4.6|\n|Decreases as a result of tax positions taken during a prior year|-6.8|-18.1|-28.1|\n|Settlements with taxing authorities|-0.7|-5.0|-10.2|\n|Lapse of statutes of limitation|-1.1|-0.2|-0.6|\n|Increases as a result of tax positions taken during the current year|14.0|32.3|20.5|\n|Balance at end of period|$194.6|$161.0|$146.7|\n", "Included in the total amount of unrecognized tax benefits of $194.6 as of December 31, 2012, is $193.5 of tax benefits that, if recognized, would impact the effective income tax rate.", "The total amount of accrued interest and penalties as of December 31, 2012 and 2011 is $13.5 and $12.1, respectively, of which a detriment of $1.4 and $0.2 is included in our 2012 and 2011 Consolidated Statements of Operations, respectively.", "In accordance with our accounting policy, interest and penalties accrued on unrecognized tax benefits are classified as income taxes in our Consolidated Statements of Operations.", "In 2011, we effectively settled the 2007-2008 IRS audit cycle.", "The settlement resulted in no cash payment and our effective income tax rate was positively impacted by the recognition of previously unrecognized tax benefits.", "We have various tax years under examination by tax authorities in various countries, and in various states, such as New York, in which we have significant business operations.", "It is not yet known whether these examinations will, in the aggregate, result in our paying additional taxes.", "We believe our tax reserves are adequate in relation to the potential for additional assessments in each of the jurisdictions in which we are subject to taxation.", "We regularly assess the likelihood of additional tax assessments in those jurisdictions and, if necessary, adjust our reserves as additional information or events require.", "NIKE, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) such agreements in place.", "However, based on the Company’s historical experience and the estimated probability of future loss, the Company has determined that the fair value of such indemnifications is not material to the Company’s financial position or results of operations.", "In the ordinary course of its business, the Company is involved in various legal proceedings involving contractual and employment relationships, product liability claims, trademark rights, and a variety of other matters.", "The Company does not believe there are any pending legal proceedings that will have a material impact on the Company’s financial position or results of operations.", "Note 16 — Restructuring Charges During the fourth quarter of fiscal 2009, the Company took necessary steps to streamline its management structure, enhance consumer focus, drive innovation more quickly to market and establish a more scalable, long-term cost structure.", "As a result, the Company reduced its global workforce by approximately 5% and incurred pre-tax restructuring charges of $195 million, primarily consisting of severance costs related to the workforce reduction.", "As nearly all of the restructuring activities were completed in the fourth quarter of fiscal 2009, the Company does not expect to recognize additional costs in future periods relating to these actions.", "The restructuring charge is reflected in the corporate expense line in the segment presentation of pre-tax income in Note 19 — Operating Segments and Related Information.", "The activity in the restructuring accrual for the year ended May 31, 2009 is as follows (in millions):"], "table_evidence": [11], "paragraph_evidence": [-1], "source": "multihiertt", "original_question_id": "0f1298e58eb940dfb52c608842aa13b7"}
{"question": "How much of profit before taxes is there in total (in 2017) without U.S. tax reform impact and Gain on sale of equity investment? (in million)", "python_solution": "def solution():\n    # Define variables name and value\n    profit_before_taxes = 4082\n    restructuring_costs = 1256\n    mark_to_market_losses = 301\n\n    # Do math calculation to get the answer\n    answer = (profit_before_taxes + restructuring_costs) + mark_to_market_losses\n\n    return answer", "ground_truth": 5639.0, "question_id": "simplong-testmini-49", "paragraphs": ["ITEM 7.", "Management’s Discussion and Analysis of Financial Condition and Results of Operations.", "This Management’s Discussion and Analysis of Financial Condition and Results of Operations should be read in conjunction with our discussion of cautionary statements and significant risks to the company’s business under Item 1A.", "Risk Factors of the 2018 Form?10-K.  OVERVIEW Our sales and revenues for 2018 were $54.722 billion, a 20?percent increase from 2017 sales and revenues of $45.462?billion.", "The increase was primarily due to higher sales volume, mostly due to improved demand across all regions and across the three primary segments.", "Profit per share for 2018 was $10.26, compared to profit per share of $1.26 in 2017.", "Profit was $6.147 billion in 2018, compared with $754 million in 2017.", "The increase was primarily due to lower tax expense, higher sales volume, decreased restructuring costs and improved price realization.", "The increase was partially offset by higher manufacturing costs and selling, general and administrative (SG&A) and research and development (R&D) expenses and lower profit from the Financial Products Segment.", "Fourth-quarter 2018 sales and revenues were $14.342 billion, up $1.446 billion, or 11 percent, from $12.896 billion in the fourth quarter of 2017.", "Fourth-quarter 2018 profit was $1.78 per share, compared with a loss of $2.18 per share in the fourth quarter of 2017.", "Fourth-quarter 2018 profit was $1.048 billion, compared with a loss of $1.299 billion in 2017.", "Highlights for 2018 include: z Sales and revenues in 2018 were $54.722 billion, up 20?percent from 2017.", "Sales improved in all regions and across the three primary segments.", "z Operating profit as a percent of sales and revenues was 15.2?percent in 2018, compared with 9.8 percent in 2017.", "Adjusted operating profit margin was 15.9 percent in 2018, compared with 12.5 percent in 2017.  z Profit was $10.26 per share for 2018, and excluding the items in the table below, adjusted profit per share was $11.22.", "For 2017 profit was $1.26 per share, and excluding the items in the table below, adjusted profit per share was $6.88.  z In order for our results to be more meaningful to our readers, we have separately quantified the impact of several significant items:", "||Full Year 2018|Full Year 2017|\n|(Millions of dollars)|Profit Before Taxes|ProfitPer Share|Profit Before Taxes|ProfitPer Share|\n|Profit|$7,822|$10.26|$4,082|$1.26|\n|Restructuring costs|386|0.50|1,256|1.68|\n|Mark-to-market losses|495|0.64|301|0.26|\n|Deferred tax valuation allowance adjustments|—|-0.01|—|-0.18|\n|U.S. tax reform impact|—|-0.17|—|3.95|\n|Gain on sale of equity investment|—|—|-85|-0.09|\n|Adjusted profit|$8,703|$11.22|$5,554|$6.88|\n", "z Machinery, Energy & Transportation (ME&T) operating cash flow for 2018 was about $6.3 billion, more than sufficient to cover capital expenditures and dividends.", "ME&T operating cash flow for 2017 was about $5.5 billion.", "Restructuring Costs In recent years, we have incurred substantial restructuring costs to achieve a flexible and competitive cost structure.", "During 2018, we incurred $386 million of restructuring costs related to restructuring actions across the company.", "During 2017, we incurred $1.256 billion of restructuring costs with about half related to the closure of the facility in Gosselies, Belgium, and the remainder related to other restructuring actions across the company.", "Although we expect restructuring to continue as part of ongoing business activities, restructuring costs should be lower in 2019 than 2018.", "Notes: z Glossary of terms included on pages 33-34; first occurrence of terms shown in bold italics.", "z Information on non-GAAP financial measures is included on pages 42-43.", "Recognition of finance revenue and rental revenue is suspended and the account is placed on non-accrual status when management determines that collection of future income is not probable (generally after 120 days past due).", "Recognition is resumed, and previously suspended income is recognized, when the account becomes current and collection of remaining amounts is considered probable.", "See Note 7 for more information.", "Revenues are presented net of sales and other related taxes.3.", "Stock-Based Compensation Our stock-based compensation plans primarily provide for the granting of stock options, stock-settled stock appreciation rights (SARs), restricted stock units (RSUs) and performance-based restricted stock units (PRSUs) to Officers and other key employees, as well as non-employee Directors.", "Stock options permit a holder to buy Caterpillar stock at the stock’s price when the option was granted.", "SARs permit a holder the right to receive the value in shares of the appreciation in Caterpillar stock that occurred from the date the right was granted up to the date of exercise.", "RSUs are agreements to issue shares of Caterpillar stock at the time of vesting.", "PRSUs are similar to RSUs and include performance conditions in the vesting terms of the award.", "Our long-standing practices and policies specify that all stock\u0002based compensation awards are approved by the Compensation Committee (the Committee) of the Board of Directors.", "The award approval process specifies the grant date, value and terms of the award.", "The same terms and conditions are consistently applied to all employee grants, including Officers.", "The Committee approves all individual Officer grants.", "The number of stock-based compensation award units included in an individual’s award is determined based on the methodology approved by the Committee.", "The exercise price methodology?approved by the Committee is the closing price of the Company stock on the date of the grant.", "In June of 2014, shareholders approved the Caterpillar Inc.  2014 Long-Term Incentive Plan (the Plan) under which all new stock-based compensation awards are granted.", "In June of 2017, the Plan was amended and restated.", "The Plan initially provided that up to 38,800,000 Common Shares would be reserved for future issuance under the Plan, subject to adjustment in certain events.", "Subsequent to the shareholder approval of the amendment and restatement of the Plan, an additional 36,000,000 Common Shares became available for all awards under the Plan.", "Common stock issued from Treasury stock under the plans totaled 5,590,641 for 2018, 11,139,748 for 2017 and 4,164,134 for 2016.", "The total number of shares authorized for equity awards under the amended and restated Caterpillar Inc.  2014 Long-Term Incentive Plan is 74,800,000, of which 44,139,162 shares remained available for issuance as of December?31,?2018.", "Stock option and RSU awards generally vest according to a three\u0002year graded vesting schedule.", "One-third of the award will become vested on the first anniversary of the grant date, one-third of the award will become vested on the second anniversary of the grant date and one-third of the award will become vested on the third anniversary of the grant date.", "PRSU awards generally have a three\u0002year performance period and cliff vest at the end of the period based upon achievement of performance targets established at the time of grant.", "Upon separation from service, if the participant is 55 years of age or older with more than five years of service, the participant meets the criteria for a “Long Service Separation.", "” Award terms for awards granted in 2016 allow for immediate vesting upon separation of all outstanding options and RSUs with no requisite service period for employees who meet the criteria for a “Long Service Separation.", "” Compensation expense for the 2016 grant was fully recognized immediately on the grant date for these employees.", "Award terms for the 2018 and 2017 grants allow for continued vesting as of each vesting date specified in the award document for employees who meet the criteria for a “Long Service Separation” and fulfill a requisite service period of six months.", "Compensation expense for eligible employees for the 2018 and 2017 grants was recognized over the period from the grant date to the end date of the six-month requisite service period.", "For employees who become eligible for a “Long Service Separation” subsequent to the end date of the six-month requisite service period and prior to the completion of the vesting period, compensation expense is recognized over the period from the grant date to the date eligibility is achieved.", "At grant, SARs and option awards have a term life of ten years.", "For awards granted prior to 2016, if the “Long Service Separation” criteria are met, the vested options/SARs have a life that is the lesser of ten years from the original grant date or five years from the separation date.", "For awards granted in 2018, 2017, and 2016, the vested options have a life equal to ten years from the original grant date.", "Prior to 2017, all outstanding PRSU awards granted to employees eligible for a “Long Service Separation” may vest at the end of the performance period based upon achievement of the performance target.", "Compensation expense for the 2016 PRSU grant was fully recognized immediately on the grant date for these employees.", "For PRSU awards granted in 2018 and 2017, only a prorated number of shares may vest at the end of the performance period based upon achievement of the performance target, with the proration based upon the number of months of continuous employment during the three-year performance period.", "Employees with a “Long Service Separation” must also fulfill a six-month requisite service period in order to be eligible for the prorated vesting of outstanding PRSU awards granted in 2018 and 2017.", "Compensation expense for the 2018 and 2017 PRSU grants is being recognized on a straight-line basis over the three-year performance period for all participants.", "Accounting guidance on share-based payments requires companies to estimate the fair value of options/SARs on the date of grant using an option-pricing model.", "The fair value of our option/SAR grants was estimated using a lattice-based option-pricing model.", "The lattice\u0002based option-pricing model considers a range of assumptions related to volatility, risk-free interest rate and historical employee behavior.", "Expected volatility was based on historical Caterpillar stock price movement and current implied volatilities from traded options on Caterpillar stock.", "The risk-free interest rate was based on U. S.  Treasury security yields at the time of grant.", "The weighted-average dividend yield was based on historical information.", "The expected life was determined from the lattice-based model.", "The lattice\u0002based model incorporated exercise and post vesting forfeiture assumptions based on analysis of historical data.", "The following table provides the assumptions used in determining the fair value of the Option/SAR awards for the years ended December?31, 2018, 2017 and 2016, respectively.", "||Grant Year|\n||2018|2017|2016|\n|Weighted-average dividend yield|2.7%|3.4%|3.2%|\n|Weighted-average volatility|30.2%|29.2%|31.1%|\n|Range of volatilities|21.5-33.0%|22.1-33.0%|22.5-33.4%|\n|Range of risk-free interest rates|2.02-2.87%|0.81-2.35%|0.62-1.73%|\n|Weighted-average expected lives|8 years|8 years|8 years|\n"], "table_evidence": [17], "paragraph_evidence": [16], "source": "multihiertt", "original_question_id": "99498665b07141d5b100ed39a86551cf"}
{"question": "What is the proportion of Pensions' Service cost of of net periodic benefit cost in U.S. Plans to the total in 2006?", "python_solution": "def solution():\n    # Define variables name and value\n    us_plans_service_cost = 130\n    total_service_cost = 208\n\n    # Do math calculation to get the answer\n    answer = (us_plans_service_cost / total_service_cost) * 100\n\n    return answer", "ground_truth": 62.5, "question_id": "simplong-testmini-50", "paragraphs": ["American International Group, Inc.  and Subsidiaries Survival Ratios-Asbestos and Environmental The following table presents AlG's survival ratios for asbestos and environmental claims for year-end 2006,2005 and 2004.", "The survival ratio is derived by dividing the year end carried loss reserve by the average payments for the three most recent calendar years for these claims.", "Therefore, the survival ratio is a simplistic measure estimating the number of years it would be before the current ending loss reser ves for these claims would be paid off using recent year average payments.", "The December 31, 2006 survival ratio is lower than the ratio at December 31,2005because the more recent periods included in the rolling average reflect higher claims payments.", "Many factors, such as aggressive settlement procedures, mix of business and level of coverage provided, have a significant effect on the amount of asbestos and environmental reserves and payments and the resultant survivalratio.", "Thus, caution should be exercised in attempting to deter- mine reserve adequacy for these claims based simply on this survival ratio.", "AlG's survival ratios for asbestos and environmental claims, separately and combined were based upon a three-year average payment.", "These ratios for the years ended December 31,2006,2005 and 2004 were as follows:", "||Gross|Net|\n| 2006|||\n|Survival ratios:|||\n|Asbestos| 11.7| 12.9|\n|Environmental| 5.3| 4.5|\n|Combined| 10.3| 10.3|\n|2005|||\n|Survival ratios:|||\n|Asbestos|15.9|19.8|\n|Environmental|6.9|6.2|\n|Combined|13.0|14.2|\n|2004|||\n|Survival ratios:|||\n|Asbestos|10.7|13.5|\n|Environmental|6.5|6.8|\n|Combined|9.1|10.5|\n", "Life Insurance & Retirement Services Operations AIG's Life Insurance & Retirement Services subsidiaries offer a wide range of insurance and retirement savings products both domestically and abroad.", "Domestically, AlG's Life Insurance & Retirement Services operations offer a broad range of protection products, such as life insurance and group life and health products, including disability income products and payout annuities, which include single premium immediate annuities, structured settlements and termi- nal funding annuities.", "Home service operations include an array of life insurance, accident and health and annuity products soldprimarily through career agents.", "In addition, home service in- cludes a small block of runoff property and casualty coverage.", "Retirement services include group retirement products, individual fixed and variable annuities sold through banks, broker-dealers and exclusive sales representatives, and annuity runoff opera- tions, which include previously acquired\"closed blocks\"and other fixed and variable annuities largely sold through distribution relationships that have been discontinued.", "Overseas, AlG's Life Insurance & Retirement Services opera- tions include insurance and investment-oriented products such as whole and term life, investment linked, universal life and endo- ments, personal accident and health products, group products including pension, life and health, and fixed and variable annuities.", "AlG's Life Insurance & Retirement Ser vices subsidiaries reporttheir operations through the following major internal reporting units and business units: Foreign Life Insurance & Retirement Services Japan and Other* ·ALICO ·AlG Star Life ·AIG Edison Life Asia·AIA ·Nan Shan ·AlRCO ·Philamlife Domestic Life Insurance ·AlG American General ·USLIFE ·AGLA Domestic Retirement Services ·VALIC ·AlG Annuity ·AlG SunAmerica *Japan and Other consists of all operations in Japan and the operations of ALICO and its subsidi aries worldwide.", "American International Group, Inc.  and Subsidiaries 15.", "Employee Benefits Continued (i) Components of net periodic benefit cost and other amounts recognized in other comprehensive income: The following table presents the components of net periodic benefit cost recognized in income and other amounts recognized in other comprehensive income with respect to the defined benefit pension plans and other postretirement benefit plans for the year ended December 31, 2006 (no amounts were recognized in other comprehensive income for the years ended 2005 and 2004):", "||Pensions|Postretirement|\n|(in millions)|Non-U.S. Plans|U.S. Plans|Total|Non-U.S. Plans|U.S. Plans|Total|\n| 2006|||||||\n|Components of net periodic benefit cost:|||||||\n|Service cost|$78|$130|$208|$4|$6|$10|\n|Interest cost|36|169|205|2|11|13|\n|Expected return on assets|-28|-201|-229|—|—|—|\n|Amortization of prior service cost|-9|-3|-12|—|-6|-6|\n|Amortization of transitional obligation|1|—|1|—|—|—|\n|Recognition of net actuarial (gains)/losses|16|75|91|—|—|—|\n|Other|1|6|7|—|—|—|\n|Net periodic benefit cost|$95|$176|$271|$6|$11|$17|\n|Total recognized in other comprehensive income|$38|$24|$62|$—|$—|$—|\n|Total recognized in net periodic benefit cost and other comprehensive income|$133|$200|$333|$6|$11|$17|\n|2005|||||||\n|Components of net periodic benefit cost:|||||||\n|Service cost|$71|$111|$182|$4|$5|$9|\n|Interest cost|32|153|185|2|11|13|\n|Expected return on assets|-21|-180|-201|—|—|—|\n|Amortization of prior service cost|-10|-3|-13|—|-6|-6|\n|Amortization of transitional obligation|1|—|1|—|—|—|\n|Recognition of net actuarial (gains)/losses|21|55|76|—|—|—|\n|Other|7|1|8|—|—|—|\n|Net periodic benefit cost|$101|$137|$238|$6|$10|$16|\n|2004|||||||\n|Components of net periodic benefit cost:|||||||\n|Service cost|$59|$101|$160|$3|$6|$9|\n|Interest cost|33|147|180|2|14|16|\n|Expected return on assets|-22|-170|-192|—|—|—|\n|Amortization of prior service cost|-8|—|-8|—|-7|-7|\n|Amortization of transitional obligation|2|—|2|—|—|—|\n|Recognition of net actuarial (gains)/losses|15|53|68|11|2|13|\n|Other*|-24|—|-24|3|—|3|\n|Net periodic benefit cost|$55|$131|$186|$19|$15|$34|\n", "* The reduction resulted from transferring to the Japanese government certain Japanese plan obligations approximating $50 million reduced by approximately $26 million loss incurred with respect to the settlement of those obligations.", "For the U. S.  plans, the estimated net loss, prior service credit and transition obligation for the defined benefit pension plans that will be amortized from Accumulated other comprehensive income into net periodic benefit cost over the next fiscal year are $37 million, $3 million and $0 million, respectively.", "For the non-U.", "S.  plans, the estimated net loss, prior service credit and transition obligation for the defined benefit pension plans that will be amortized from Accumulated other comprehensive income into net periodic benefit cost over the next fiscal year are $11 million, $10 million and $1 million, respectively.", "The estimated net loss, prior service credit and transition obligation for the other defined benefit postretirement plans that will be amortized from Accumulated other comprehensive income into net periodic benefit cost over the next fiscal year will be less than $5 million in the aggregate.", "PART?III 59 ITEM?10.", "DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE For the information required by this Item?10 with respect to our Executive Officers, see Part?I, Item 1.  of this report.", "For the other information required by this Item?10, see “Election Of Directors,” “Nominees for Election to the Board of Directors,” “Corporate Governance” and “Section?16(a) Beneficial Ownership Reporting Compliance,” in the Proxy Statement for our 2019 Annual Meeting, which information is incorporated herein by reference.", "The Proxy Statement for our 2019 Annual Meeting will be filed within 120?days after the end of the fiscal year covered by this Annual Report on Form 10-K.", "ITEM?11.", "EXECUTIVE COMPENSATION For the information required by this Item?11, see “Compensation Discussion and Analysis,” “Compensation Committee Report,” and “Executive Compensation” in the Proxy Statement for our 2019 Annual Meeting, which information is incorporated herein by reference.", "ITEM?12.", "SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS For the information required by this Item?12 with respect to beneficial ownership of our common stock, see “Security Ownership of Certain Beneficial Owners and Management” in the Proxy Statement for our 2019 Annual Meeting, which information is incorporated herein by reference.", "The following table sets forth certain information as of December?31, 2018 regarding our equity plans :", "|Plan Category|Number of Securitiesto be Issued UponExercise ofOutstanding Options, Warrants and Rights-1 (A)(B)|Weighted-AverageExercise Price ofOutstanding Options, Warrants and Rights|Number of SecuritiesRemaining Available forFuture Issuance UnderEquity CompensationPlans (ExcludingSecurities Reflected in Column (A)) (C)|\n|Equity compensation plans approved by security holders|1,471,449|$136.62|3,578,241|\n", "(1) The number of securities in column (A) include 22,290 shares of common stock underlying performance stock units if maximum performance levels are achieved; the actual number of shares, if any, to be issued with respect to the performance stock units will be based on performance with respect to specified financial and relative stock price measures.", "ITEM?13.", "CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE For the information required by this Item?13, see “Certain Transactions” and “Corporate Governance” in the Proxy Statement for our 2019 Annual Meeting, which information is incorporated herein by reference.", "ITEM?14.", "PRINCIPAL ACCOUNTING FEES AND SERVICES For the information required by this Item?14, see “Audit and Non-Audit Fees” and “Audit Committee Pre-Approval Procedures” in the Proxy Statement for our 2019 Annual Meeting, which information is incorporated herein by reference."], "table_evidence": [18], "paragraph_evidence": [17], "source": "multihiertt", "original_question_id": "0bcf9238356d41029754e323fa14108d"}
{"question": "What is the sum of International Consumer and Network Services of 2016, U.S. Consumer Services of 2017, and Card Member receivables of 2016 ?", "python_solution": "def solution():\n    # Define variables name and value\n    international_consumer_and_network_services_2016 = 6971.0\n    us_consumer_services_2017 = 13143.0\n    card_member_receivables_2016 = 47308.0\n    \n    # Do math calculation to get the answer\n    temp_sum = international_consumer_and_network_services_2016 + us_consumer_services_2017\n    answer = temp_sum + card_member_receivables_2016\n    \n    return answer", "ground_truth": 67422.0, "question_id": "simplong-testmini-51", "paragraphs": ["PROVISIONS FOR LOSSES Charge card provision for losses decreased $41 million or 6 percent in 2016 compared to 2015, and $55 million or 7 percent in 2015 compared to 2014.", "The decrease in 2016 was driven by lower net write-offs and improved delinquencies.", "The decrease in 2015 reflects a reserve release versus a reserve build in 2014, partially offset by higher write-offs.", "Card Member loans provision for losses increased $45 million or 4 percent in 2016 compared to 2015, and $52 million or 5 percent in 2015 compared to 2014.", "The increase in 2016 was primarily driven by strong momentum in our lending growth initiatives, resulting in higher loan balances, increased net write-offs in the current year and a slight increase in delinquencies, partially offset by the impact of the HFS portfolios, as the current year does not reflect the associated credit costs, as previously mentioned.", "The increase in 2015 primarily reflects a reserve build versus a reserve release in 2014.", "The reserve build in 2015 was due to a small increase in delinquency rates combined with an increase in loan balances, partially offset by lower write-offs and the impact related to transferring the HFS portfolios to Card Member loans and receivables HFS in December 2015.", "Other provision for losses increased $34 million or 56 percent in 2016 compared to 2015, and decreased $53 million or 46 percent in 2015 compared to 2014.", "The increase in 2016 was primarily driven by growth in the commercial financing portfolio resulting in higher net write-offs.", "The decrease in 2015 was primarily due to a merchant-related charge in the fourth quarter of 2014.", "TABLE 4: EXPENSES SUMMARY", "|Years Ended December 31,||||||\n|(Millions, except percentages)| 2016|2015|2014|\n|Marketing and promotion|$3,650|$3,109|$3,216|$541|17 %|$-107|-3%|\n|Card Member rewards|6,793|6,996|6,931|-203|-3|65|1|\n|Card Member services and other|1,133|1,018|822|115|11|196|24|\n|Total marketing, promotion, rewards and Card Member services and other|11,576|11,123|10,969|453|4|154|1|\n|Salaries and employee benefits|5,259|4,976|6,095|283|6|-1,119|-18|\n|Other, net(a)|5,162|6,793|6,089|-1,631|-24|704|12|\n| Total expenses|$21,997|$22,892|$23,153|$-895|-4%|$-261|-1%|\n", "(a) Beginning December 1, 2015 through to the sale completion dates, includes the valuation allowance adjustment associated with the HFS portfolios.", "EXPENSES Marketing and promotion expenses increased $541 million or 17 percent in 2016 compared to 2015, and decreased $107 million or 3 percent in 2015 compared to 2014 (increasing 1 percent on an FX-adjusted basis), with higher levels of spending on growth initiatives in both periods.2 Card Member rewards expenses decreased $203 million or 3 percent in 2016 compared to 2015 and increased $65 million or 1 percent in 2015 compared to 2014.", "The decrease in 2016 was primarily driven by lower cobrand rewards expense of $518 million, primarily reflecting lower Costco-related expenses and a shift in volumes to cash rebate cards for which the rewards costs are classified as contra-discount revenue, partially offset by increased spending volumes across other cobrand card products.", "The lower cobrand rewards expense was partially offset by higher Membership Rewards expense of $315 million, primarily driven by an increase in new points earned as a result of higher spending volumes, recent enhancements to U. S.  Consumer and Small Business Platinum rewards and less of a decline in the weighted average cost (WAC) per point.", "The increase in 2015 was primarily driven by higher cobrand rewards expense of $199 million, driven by rate impacts as a result of cobrand partnership renewal costs, partially offset by a decrease in Membership Rewards expense of $134 million.", "The latter was primarily driven by slower growth in the Ultimate Redemption Rate (URR) and a decline in the WAC per point assumption, including the impact of the $109 million charge in the fourth quarter of 2014 related to the Delta partnership renewal, partially offset by increased expenses related to new points earned, driven by higher spending volumes.", "The Membership Rewards URR for current program participants was 95 percent (rounded down) at December 31, 2016, compared to 95 percent (rounded down) at December 31, 2015, and 95 percent (rounded up) at December 31, 2014.2 Refer to footnote 1 on page 41 for details regarding foreign currency adjusted information", "TABLE 22: UNSECURED DEBT RATINGS", "| Credit Agency| American Express Entity| Short-Term Ratings| Long-Term Ratings| Outlook|\n|DBRS|All rated entities|R-1 (middle)|A (high)|Stable|\n|Fitch|All rated entities|F1|A|Negative|\n|Moody’s|TRS and rated operating subsidiaries(a)|Prime-1|A2|Stable|\n|Moody’s|American Express Company|Prime-2|A3|Stable|\n|S&P|TRS(a)|N/A|A-|Stable|\n|S&P|Other rated operating subsidiaries|A-2|A-|Stable|\n|S&P|American Express Company|A-2|BBB+|Stable|\n", "(a) American Express Travel Related Services Company, Inc.", "Downgrades in the ratings of our unsecured debt or asset securitization program securities could result in higher funding costs, as well as higher fees related to borrowings under our unused lines of credit.", "Declines in credit ratings could also reduce our borrowing capacity in the unsecured debt and asset securitization capital markets.", "We believe our funding mix, including the proportion of U. S.  retail deposits insured by the Federal Deposit Insurance Corporation (FDIC), should reduce the impact that credit rating downgrades would have on our funding capacity and costs.", "SHORT-TERM FUNDING PROGRAMS Short-term borrowings, such as commercial paper, are defined as any debt with an original maturity of twelve months or less, as well as interest-bearing overdrafts with banks.", "Our short-term funding programs are used primarily to meet working capital needs, such as managing seasonal variations in receivables balances.", "The amount of short-term borrowings issued in the future will depend on our funding strategy, our needs and market conditions.", "As of December 31, 2016, we had $3.0 billion in commercial paper outstanding and we had an average of $0.5 billion in commercial paper outstanding during 2016.", "Refer to Note 9 to the “Consolidated Financial Statements” for a further description of these borrowings.", "DEPOSIT PROGRAMS We offer deposits within our Centurion Bank and American Express Bank subsidiaries.", "These funds are currently insured up to $250,000 per account holder through the FDIC.", "Our ability to obtain deposit funding and offer competitive interest rates is dependent on the capital levels of Centurion Bank and American Express Bank.", "We, through American Express Bank, have a direct retail deposit program, Personal Savings from American Express, to supplement our distribution of deposit products sourced through third-party distribution channels.", "The direct retail program makes FDIC-insured certificates of deposit (CDs) and high-yield savings account products available directly to consumers.", "As of December 31, 2016 we had $53.0 billion in customer deposits.", "Refer to Note 8 to the “Consolidated Financial Statements” for a further description of these deposits.", "LONG-TERM DEBT PROGRAMS As of December 31, 2016 we had $47.0 billion in long-term debt outstanding.", "During 2016, we and our subsidiaries issued $3.8 billion of unsecured debt with maturities ranging from 3 to 5 years.", "Referto Note 9 to the “Consolidated Financial Statements” for a further description of these borrowings.", "Our 2016 debt issuances were as follows: TABLE 23: DEBT ISSUANCES", "|(Billions)| 2016|\n|American Express Credit Corporation:||\n|Fixed Rate Senior Notes (weighted-average coupon of 1.65%)|$3.5|\n|Floating Rate Senior Notes(3-monthLIBOR plus 57 basis points onaverage)|0.3|\n|Total|$3.8|\n", "ASSET SECURITIZATION PROGRAMS We periodically securitize Card Member loans and receivables arising from our card business, as the securitization market provides us with cost-effective funding.", "Securitization of Card Member loans and receivables is accomplished through the transfer of those assets to a trust, which in turn issues securities collateralized by the transferred assets to third-party investors.", "The proceeds from issuance are distributed to us, through our wholly owned subsidiaries, as consideration for the transferred assets.", "NOTE 3 LOANS AND ACCOUNTS RECEIVABLE The Company’s lending and charge payment card products result in the generation of Card Member loans and Card Member receivables, respectively.", "CARD MEMBER AND OTHER LOANS Card Member loans are recorded at the time a Card Member enters into a point-of-sale transaction with a merchant and represent revolving amounts due on lending card products, as well as amounts due from charge Card Members who utilize the Pay Over Time features on their account and elect to revolve a portion of the outstanding balance by entering into a revolving payment arrangement with the Company.", "These loans have a range of terms such as credit limits, interest rates, fees and payment structures, which can be revised over time based on new information about Card Members, and in accordance with applicable regulations and the respective product’s terms and conditions.", "Card Members holding revolving loans are typically required to make monthly payments based on pre-established amounts and the amounts that Card Members choose to revolve are subject to finance charges.", "Card Member loans are presented on the Consolidated Balance Sheets net of reserves for losses (refer to Note 4), and include principal and any related accrued interest and fees.", "The Company’s policy generally is to cease accruing interest on a Card Member loan at the time the account is written off, and establish reserves for interest that the Company believes will not be collected.", "Card Member loans by segment and Other loans as of December 31, 2017 and 2016 consisted of:", "|(Millions)|2017|2016|\n|U.S. Consumer Services(a)|$53,668|$48,758|\n|International Consumer and Network Services|8,651|6,971|\n|Global Commercial Services|11,080|9,536|\n|Card Member loans|73,399|65,265|\n|Less: Reserve for losses|1,706|1,223|\n|Card Member loans, net|$71,693|$64,042|\n|Other loans, net(b)|$2,607|$1,419|\n", "(a) Includes approximately $25.7 billion and $26.1 billion of gross Card Member loans available to settle obligations of a consolidated VIE as of December 31, 2017 and 2016, respectively.", "(b) Other loans primarily represent personal and commercial financing products.", "Other loans are presented net of reserves for losses of $80 million and $42 million as of December 31, 2017 and 2016, respectively.", "CARD MEMBER AND OTHER RECEIVABLES Card Member receivables are also recorded at the time a Card Member enters into a point-of-sale transaction with a merchant and represent amounts due on charge card products.", "Each charge card transaction is authorized based on its likely economics, a Card Member’s most recent credit information and spend patterns.", "Additionally, global spend limits are established to limit the maximum exposure for the Company.", "Charge Card Members generally must pay the full amount billed each month.", "Card Member receivable balances are presented on the Consolidated Balance Sheets net of reserves for losses (refer to Note 4), and include principal and any related accrued fees.", "Card Member accounts receivable by segment and Other receivables as of December 31, 2017 and 2016 consisted of:", "|(Millions)|2017|2016|\n|U.S. Consumer Services(a)|$13,143|$12,302|\n|International Consumer and Network Services|7,803|5,966|\n|Global Commercial Services|33,101|29,040|\n|Card Member receivables|54,047|47,308|\n|Less: Reserve for losses|521|467|\n|Card Member receivables, net|$53,526|$46,841|\n|Other receivables, net(b)|$3,163|$3,232|\n", "(a) Includes $8.9 billion of gross Card Member receivables available to settle obligations of a consolidated VIE as of both December 31, 2017 and 2016.", "(b) Other receivables primarily represent amounts related to (i) GNS partner banks for items such as royalty and franchise fees, (ii) certain merchants for billed discount revenue, (iii) tax-related receivables, and (iv) loyalty coalition partners for points issued, as well as program participation and servicing fees.", "Other receivables are presented net of reserves for losses of $31 million and $45 million as of December 31, 2017 and 2016, respectively.", "Stock Performance Graph The following graph sets forth the cumulative total shareholder return on our Series A common stock, Series B common stock and Series C common stock as compared with the cumulative total return of the companies listed in the Standard and Poor’s 500 Stock Index (“S&P 500 Index”) and a peer group of companies comprised of CBS Corporation Class B common stock, Scripps Network Interactive, Inc.  (acquired by the Company in March 2018), Time Warner, Inc.  (acquired by AT&T Inc.  in June 2018), Twenty-First Century Fox, Inc.  Class A common stock (News Corporation Class A Common Stock prior to June 2013), Viacom, Inc.  Class B common stock and The Walt Disney Company.", "The graph assumes $100 originally invested on December 31, 2013 in each of our Series A common stock, Series B common stock and Series C common stock, the S&P 500 Index, and the stock of our peer group companies, including reinvestment of dividends, for the years ended December 31, 2014, 2015, 2016, 2017 and 2018.", "Two peer companies, Scripps Networks Interactive, Inc.  and Time Warner, Inc. , were acquired in 2018.", "The stock performance chart shows the peer group including Scripps Networks Interactive, Inc.  and Time Warner, Inc.  and excluding both acquired companies for the entire five year period.", "||December 31,2013|December 31,2014|December 31,2015|December 31,2016|December 31,2017|December 31,2018|\n|DISCA|$100.00|$74.58|$57.76|$59.34|$48.45|$53.56|\n|DISCB|$100.00|$80.56|$58.82|$63.44|$53.97|$72.90|\n|DISCK|$100.00|$80.42|$60.15|$63.87|$50.49|$55.04|\n|S&P 500|$100.00|$111.39|$110.58|$121.13|$144.65|$135.63|\n|Peer Group incl. Acquired Companies|$100.00|$116.64|$114.02|$127.96|$132.23|$105.80|\n|Peer Group ex. Acquired Companies|$100.00|$113.23|$117.27|$120.58|$127.90|$141.58|\n", "Equity Compensation Plan Information Information regarding securities authorized for issuance under equity compensation plans will be set forth in our definitive Proxy Statement for our 2019 Annual Meeting of Stockholders under the caption “Securities Authorized for Issuance Under Equity Compensation Plans,” which is incorporated herein by reference."], "table_evidence": [52, 62], "paragraph_evidence": [-1], "source": "multihiertt", "original_question_id": "3748a66728034d1cb2d9dfd9425e89a0"}
{"question": "what is the percentage change in research and development expense from 2015 to 2016?", "python_solution": "def solution():\n    # Define variables name and value\n    r_and_d_expense_2015 = 119\n    r_and_d_expense_2016 = 78\n\n    # Do math calculation to get the answer\n    difference = r_and_d_expense_2016 - r_and_d_expense_2015\n    percentage_change = (difference / r_and_d_expense_2015) * 100\n\n    return percentage_change", "ground_truth": -34.45378151260504, "question_id": "simplong-testmini-52", "paragraphs": ["Table of Contents 16 Other Equity Method Investments InfraServs.", "We hold indirect ownership interests in several German InfraServ Groups that own and develop industrial parks and provide on-site general and administrative support to tenants.", "Our ownership interest in the equity investments in InfraServ affiliates are as follows:", "||As of December 31, 2017 (In percentages)|\n|InfraServ GmbH & Co. Gendorf KG-1|39|\n|InfraServ GmbH & Co. Hoechst KG|32|\n|InfraServ GmbH & Co. Knapsack KG-1|27|\n", "(1) See Note 29 - Subsequent Events in the accompanying consolidated financial statements for further information.", "Research and Development Our business models leverage innovation and conduct research and development activities to develop new, and optimize existing, production technologies, as well as to develop commercially viable new products and applications.", "Research and development expense was $72 million, $78 million and $119 million for the years ended December 31, 2017, 2016 and 2015, respectively.", "We consider the amounts spent during each of the last three fiscal years on research and development activities to be sufficient to execute our current strategic initiatives.", "Intellectual Property We attach importance to protecting our intellectual property, including safeguarding our confidential information and through our patents, trademarks and copyrights, in order to preserve our investment in research and development, manufacturing and marketing.", "Patents may cover processes, equipment, products, intermediate products and product uses.", "We also seek to register trademarks as a means of protecting the brand names of our Company and products.", "Patents.", "In most industrial countries, patent protection exists for new substances and formulations, as well as for certain unique applications and production processes.", "However, we do business in regions of the world where intellectual property protection may be limited and difficult to enforce.", "Confidential Information.", "We maintain stringent information security policies and procedures wherever we do business.", "Such information security policies and procedures include data encryption, controls over the disclosure and safekeeping of confidential information and trade secrets, as well as employee awareness training.", "Trademarks.", "Amcel?", ", AOPlus?", ", Ateva?", ", Avicor?", ", Celanese?", ", Celanex?", ", Celcon?", ", CelFX?", ", Celstran?", ", Celvolit?", ", Clarifoil?", ", Dur\u0002O-Set?", ", Ecomid?", ", EcoVAE?", ", Forflex?", ", Forprene?", ", FRIANYL?", ", Fortron?", ", GHR?", ", Gumfit?", ", GUR?", ", Hostaform?", ", Laprene?", ", MetaLX?", ", Mowilith?", ", MT?", ", NILAMID?", ", Nivionplast?", ", Nutrinova?", ", Nylfor?", ", Pibiflex?", ", Pibifor?", ", Pibiter?", ", Polifor?", ", Resyn?", ", Riteflex?", ", SlideX?", ", Sofprene?", ", Sofpur?", ", Sunett?", ", Talcoprene?", ", Tecnoprene?", ", Thermx?", ", TufCOR?", ", VAntage?", ", Vectra?", ", Vinac?", ", Vinamul?", ", VitalDose?", ", Zenite?", "and certain other branded products and services named in this document are registered or reserved trademarks or service marks owned or licensed by Celanese.", "The foregoing is not intended to be an exhaustive or comprehensive list of all registered or reserved trademarks and service marks owned or licensed by Celanese.", "Fortron?", "is a registered trademark of Fortron Industries LLC.", "Hostaform?", "is a registered trademark of Hoechst GmbH.", "Mowilith?", "and NILAMID?", "are registered trademarks of Celanese in most European countries.", "We monitor competitive developments and defend against infringements on our intellectual property rights.", "Neither Celanese nor any particular business segment is materially dependent upon any one patent, trademark, copyright or trade secret.", "Environmental and Other Regulation Matters pertaining to environmental and other regulations are discussed in Item 1A.", "Risk Factors, as well as Note 2 - Summary of Accounting Policies, Note 16 - Environmental and Note 24 - Commitments and Contingencies in the accompanying consolidated financial statements.", "NOTE 7 - BANK LOANS, NET: Bank client receivables are comprised of loans originated or purchased by RJ Bank and include commercial and residential real estate loans, as well as commercial and consumer loans.", "These receivables are collateralized by first or second mortgages on residential or other real property, by other assets of the borrower or are unsecured.", "The following table presents the balance and associated percentage of each major loan category in RJ Bank's portfolio, including loans receivable and loans available for sale:", "||September 30, 2009|September 30, 2008|September 30, 2007|September 30, 2006|September 30, 2005|\n||Balance%||Balance%||Balance%||Balance%||Balance%||\n||($ in 000’s)|\n|Commercial|||||||||||\n|Loans|$ 851,657|13%|$ 725,997|10%|$ 343,783|7%|$ 272,957|12%|$ 144,254|14%|\n|Real Estate|||||||||||\n|Construction|||||||||||\n|Loans|163,951|3%|346,691|5%|123,664|3%|34,325|2%|32,563|3%|\n|Commercial|||||||||||\n|Real Estate|||||||||||\n|Loans -1|3,343,989|49%|3,528,732|49%|2,317,840|49%|653,695|28%|136,375|14%|\n|Residential|||||||||||\n|Mortgage|||||||||||\n|Loans|2,398,822|35%|2,599,567|36%|1,934,645|41%|1,322,908|58%|690,242|69%|\n|Consumer|||||||||||\n|Loans|22,816|-|23,778|-|4,541|-|1,917|-|2,752|-|\n|Total Loans|6,781,235|100%|7,224,765|100%|4,724,473|100%|2,285,802|100%|1,006,186|100%|\n|Net Unearned|||||||||||\n|Income and|||||||||||\n|Deferred|||||||||||\n|Expenses -2|-36,990||-41,383||-13,242||-4,276||1,688||\n|Allowance for|||||||||||\n|Loan Losses|-150,272||-88,155||-47,022||-18,694||-7,593||\n||-187,262||-129,538||-60,264||-22,970||-5,905||\n|Loans, Net|$6,593,973||$7,095,227||$ 4,664,209||$ 2,262,832||$ 1,000,281||\n", "(1) Of this amount, $1.2 billion, $1.2 billion, $687 million, $393 million and $137 million is secured by non-owner occupied commercial real estate properties or their repayment is dependent upon the operation or sale of commercial real estate properties as of September 30, 2009, 2008, 2007, 2006 and 2005, respectively.", "The remainder is wholly or partially secured by real estate, the majority of which is also secured by other assets of the borrower.", "(2) Includes purchase premiums, purchase discounts, and net deferred origination fees and costs.", "At September 30, 2009 and September 30, 2008, RJ Bank had $950 million and $1.7 billion, respectively, in FHLB advances secured by a blanket lien on RJ Bank's residential mortgage loan portfolio.", "See Note 11 for more information regarding the FHLB advances.", "At September 30, 2009 and 2008, RJ Bank had $40.5 million and $524,000 in loans held for sale, respectively.", "RJ Bank's gain from the sale of these loans held for sale was $676,000, $364,000 and $518,000 for the years ended September 30, 2009, 2008 and 2007, respectively", "business conducted annually with each institution.", "Fixed income commissions are based on trade size and the characteristics of the specific security involved.", "Capital Markets Commissions For the Fiscal Years Ended:", "||September 30, 2009|% of Total|September 30, 2008|% of Total|September 30, 2007|% of Total|\n||($ in 000's)|\n|Equity|$ 212,322|57%|$ 237,920|70%|$ 210,343|83%|\n|Fixed Income|160,211|43%|99,870|30%|44,454|17%|\n|Total Commissions|$ 372,533|100%|$ 337,790|100%|$ 254,797|100%|\n", "Approximately 100 domestic and overseas professionals in RJ&A's Institutional Equity Sales and Sales Trading Departments maintain relationships with over 1,190 institutional clients, principally in North America and Europe.", "In addition to our headquarters in St.  Petersburg, Florida, RJ&A has institutional equity sales offices in New York City, Boston, Chicago, Los Angeles, San Francisco, London, Geneva, Brussels, Dusseldorf, Luxembourg and Paris.", "European offices also provide services to high net worth clients.", "RJ Ltd.  has 33 institutional equity sales and trading professionals servicing predominantly Canadian institutional investors from offices in Montreal, Toronto and Vancouver.", "RJ&A distributes to institutional clients both taxable and tax-exempt fixed income products, primarily municipal, corporate, government agency and mortgage-backed bonds.", "RJ&A carries inventory positions of taxable and tax-exempt securities in both the primary and secondary markets to facilitate institutional sales activities.", "In addition to St.  Petersburg, the Fixed Income Department maintains institutional sales and trading offices in New York City, Chicago and 20 other cities throughout the U. S.  Trading Trading equity securities involves the purchase and sale of securities from/to our clients or other dealers.", "Profits and losses are derived from the spreads between bid and asked prices, as well as market trends for the individual securities during the period we hold them.", "RJ&A makes markets in approximately 680 common stocks.", "Similar to the equity research department, this operation serves to support both our Institutional and Private Client Group sales efforts.", "The RJ Ltd.  Institutional and Private Client Group trading desks not only support client activity, but also take proprietary positions.", "RJ Ltd.  also provides specialist services in approximately 160 TSX listed common stocks.", "RJ&A trades both taxable and tax-exempt fixed income products.", "The taxable and tax-exempt RJ&A fixed income traders purchase and sell corporate, municipal, government, government agency, and mortgage-backed bonds, asset backed securities, preferred stock and certificates of deposit from/to our clients or other dealers.", "RJ&A enters into future commitments such as forward contracts and “to be announced” securities (e. g.  securities having a stated coupon and original term to maturity, although the issuer and/or the specific pool of mortgage loans is not known at the time of the transaction).", "Low levels of proprietary trading positions are also periodically taken by RJ&A for various purposes and are closely monitored within well defined limits.", "In addition, a subsidiary of RJF, RJ Capital Services Inc. , participates in the interest rate swaps market as a principal, both for economically hedging RJ&A fixed income inventory and for transactions with customers.", "Equity Research The domestic senior analysts in RJ&A's research department support our institutional and retail sales efforts and publish research on approximately 725 companies.", "This research primarily focuses on U. S.  companies in specific industries including technology, telecommunications, consumer, financial services, business and industrial services, healthcare, real estate and energy.", "Proprietary industry studies and company-specific research reports are made available to both institutional and individual clients.", "RJ Ltd.  has an additional 16 analysts who publish research on approximately 200 companies focused in the energy, energy services, mining, forest products, biotechnology, technology, clean technology, consumer and industrial products, REIT and income trust sectors.", "These analysts, combined with 12 additional analysts located in France (whose services are obtained through a joint venture there), represent our global research effort within the Capital Markets segment.", "The following table shows the distribution of those RJ Bank loans that mature in more than one year between fixed and adjustable interest rate loans at September 30, 2009:"], "table_evidence": [-1], "paragraph_evidence": [6], "source": "multihiertt", "original_question_id": "ee80ef04eaf24baeb8740856808c6501"}
{"question": "What's the total value of all net income for before consolidation that are in the range of 10 and 600 in 2010? (in million)", "python_solution": "def solution():\n    # Define variables name and value\n    value1 = 10.4\n    value2 = 40.8\n    value3 = 15.6\n    \n    # Do math calculation to get the answer\n    answer = value1 + value2 + value3\n    \n    return answer", "ground_truth": 66.8, "question_id": "simplong-testmini-53", "paragraphs": ["Item 2: Properties Information concerning Applied’s properties is set forth below:", "|(Square feet in thousands)|United States|Other Countries|Total|\n|Owned|4,530|2,417|6,947|\n|Leased|1,037|1,341|2,378|\n|Total|5,567|3,758|9,325|\n", "Because of the interrelation of Applied’s operations, properties within a country may be shared by the segments operating within that country.", "The Company’s headquarters offices are in Santa Clara, California.", "Products in Semiconductor Systems are manufactured in Santa Clara, California; Austin, Texas; Gloucester, Massachusetts; Kalispell, Montana; Rehovot, Israel; and Singapore.", "Remanufactured equipment products in the Applied Global Services segment are produced primarily in Austin, Texas.", "Products in the Display and Adjacent Markets segment are manufactured in Alzenau, Germany and Tainan, Taiwan.", "Other products are manufactured in Treviso, Italy.", "Applied also owns and leases offices, plants and warehouse locations in many locations throughout the world, including in Europe, Japan, North America (principally the United States), Israel, China, India, Korea, Southeast Asia and Taiwan.", "These facilities are principally used for manufacturing; research, development and engineering; and marketing, sales and customer support.", "Applied also owns a total of approximately 269 acres of buildable land in Montana, Texas, California, Israel and Italy that could accommodate additional building space.", "Applied considers the properties that it owns or leases as adequate to meet its current and future requirements.", "Applied regularly assesses the size, capability and location of its global infrastructure and periodically makes adjustments based on these assessments.", "Cash flows for the years ended December 31, 2009, 2008 and 2007 are summarized as follows:", "| $ in millions| 2009| 2008| 2007|\n|Net cash (used in)/provided by:||||\n|Operating activities|362.7|525.5|915.5|\n|Investing activities|-102.4|-98.4|-48.2|\n|Financing activities|-100.7|-666.4|-740.8|\n|Increase/(decrease) in cash and cash equivalents|159.6|-239.3|126.5|\n|Foreign exchange|17.2|-91.3|10.4|\n|Cash and cash equivalents, beginning of period|585.2|915.8|778.9|\n|Cash and cash equivalents, end of period|762.0|585.2|915.8|\n", "Operating Activities Net cash provided by operating activities is generated by the receipt of investment management and other fees generated from AUM, offset by operating expenses and changes in operating assets and liabilities.", "Although some receipts and payments are seasonal, particularly bonus payments, in general our operating cash flows move in the same direction as our operating income.", "The reduced operating income for the year ended December 31, 2009, when compared to the prior year is a significant factor in the reduced operating cash flows.", "Cash provided by operating activities in 2009 was $362.7 million, a decrease of $162.8 million or 31% over 2008.", "Changes in operating assets and liabilities used $118.3 million of cash, while the combined cash generated from other operating items was $481.0 million.", "The change in operating assets and liabilities was driven by the funding of annual bonuses combined with the lower levels of accrued bonus awards at the end of 2009, together with higher trade receivables at the end of 2009, compared to the end of 2008.", "The change in operating assets and liabilities also includes a decrease of $45.0 million in the cash held by consolidated investment products.", "Cash provided by operating activities in 2008 was $525.5 million, a decrease of $390.0 million or 42.6% from 2007.", "Changes in operating assets and liabilities contributed $273.9 million of the decrease, and lower net income, after adjusting for the gains and losses of consolidated investment products, contributed a further $193.2 million of the decrease in cash flows generated from operating activities.", "Investing Activities The launch of a number of new products during mid and late 2009 resulted in a net cash outflow into seed and partnership investments of $43.5 million during the year.", "During year ended December 31, 2009, we recaptured $60.6 million in cash from redemption of prior investments, including seed and partnership investments, and invested $104.1 million in new products.", "During the fiscal years ended December 31, 2009, 2008 and 2007, our capital expenditures were $39.5 million, $84.1 million and $36.7 million, respectively.", "Expenditures related principally in each year to technology initiatives, including new platforms from which we maintain our portfolio management systems and fund accounting systems, improvements in computer hardware and software desktop products for employees, new telecommunications products to enhance our internal information flow, and back-up disaster recovery systems.", "Also, in each year, a portion of these costs related to leasehold improvements made to the various buildings and workspaces used in our offices.", "These projects have been funded with proceeds from our operating cash flows.", "Capital expenditures in 2008 also included expenditures related to leasehold improvements in the new headquarters space.", "During the fiscal years ended December 31, 2009, 2008 and 2007, our capital divestitures were not significant relative to our total fixed assets.", "Investing activities include the investment purchases and sales of our consolidated investment products.", "In total, these contributed $8.0 million, $175.6 million and $8.1 million to cash generated in investing activities during the years ended December 31, 2009, 2008, and 2007, respectively.", "Net cash outflows of $34.2 million in 2009 related to acquisition earn-out payments related to the 2006 acquisition of WL Ross & Co.", "In 2008, net cash outflows of $130.9 million and $43.4 million related to acquisition earn-out payments for the PowerShares and WL Ross & Co.  acquisitions, respectively.", "Results of Operations for the Year Ended December 31, 2010, compared with the Year Ended December 31, 2009 Condensed Consolidating Statements of Income", "|$ in millions|Before Consolidation-1|Consolidated Investment Products-2|Adjustments-1(3)|Total|\n|Year ended December 31, 2010|||||\n|Total operating revenues|3,532.7|0.3|-45.3|3,487.7|\n|Total operating expenses|2,887.8|55.3|-45.3|2,897.8|\n|Operating income|644.9|-55.0|—|589.9|\n|Equity in earnings of unconsolidated affiliates|40.8|—|-0.6|40.2|\n|Interest and dividend income|10.4|246.0|-5.1|251.3|\n|Other investment income/(losses)|15.6|107.6|6.4|129.6|\n|Interest expense|-58.6|-123.7|5.1|-177.2|\n|Income before income taxes|653.1|174.9|5.8|833.8|\n|Income tax provision|-197.0|—|—|-197.0|\n|Net income|456.1|174.9|5.8|636.8|\n|(Gains)/losses attributable to noncontrolling interests in consolidated entities, net|-0.2|-170.8|-0.1|-171.1|\n|Net income attributable to common shareholders|455.9|4.1|5.7|465.7|\n", "Consolidated", "|$ in millions|Before Consolidation|Consolidated Investment Products-2|Adjustments-3|Total|\n|Year ended December 31, 2009|||||\n|Total operating revenues|2,633.3|1.9|-7.9|2,627.3|\n|Total operating expenses|-2,139.5|-11.4|7.9|-2,143.0|\n|Operating income|493.8|-9.5|—|484.3|\n|Equity in earnings of unconsolidated affiliates|24.5|—|2.5|27.0|\n|Interest and dividend income|9.8|—|—|9.8|\n|Other investment income/(losses)|7.8|-106.9|—|-99.1|\n|Interest expense|-64.5|—|—|-64.5|\n|Income before income taxes|471.4|-116.4|2.5|357.5|\n|Income tax provision|-148.2|—|—|-148.2|\n|Net income|323.2|-116.4|2.5|209.3|\n|(Gains)/losses attributable to noncontrolling interests in consolidated entities, net|-0.7|113.9|—|113.2|\n|Net income attributable to common shareholders|322.5|-2.5|2.5|322.5|\n", "(1) The Before Consolidation column includes Invesco's equity interests in the investment products accounted for as equity method (private equity and real estate partnership funds) and available-for-sale investments (CLOs).", "Upon consolidation of the CLOs, the company's and the CLOs' accounting policies are effectively aligned, resulting in the reclassification of the company's gain for the year ended December 31, 2010 of $6.4 million (representing the increase in the market value of the company's holding in the consolidated CLOs) from other comprehensive income into other gains/losses.", "The company's gain on its investment in the CLOs (before consolidation) eliminates with the company's share of the offsetting loss on the CLOs' debt.", "The net income arising from consolidation of CLOs is therefore completely attributed to other investors in these CLOs, as the company's share has been eliminated through consolidation.", "The Before Consolidation column does not include any other adjustments related to non-GAAP financial measure presentation.", "(2) The company adopted guidance now encompassed in ASC Topic 810 on January 1, 2010 resulting in the consolidation of certain CLOs.", "In accordance with the standard, prior periods have not been restated to reflect the consolidation of these CLOs.", "Prior to January 1, 2010, the company was not deemed to be the primary beneficiary of these CLOs.", "(3) Adjustments include the elimination of intercompany transactions between the company and its consolidated investment products, primarily the elimination of management fees expensed by the funds and recorded as operating revenues (before consolidation) by the company."], "table_evidence": [37], "paragraph_evidence": [-1], "source": "multihiertt", "original_question_id": "a370868d5efb4b0b8c30331074e651ce"}
{"question": "In the year with largest amount of Fair Value for Aaa, what's the growing rate of Fair Value for Aa?", "python_solution": "def solution():\n    # Define variables name and value\n    Aa_fair_value_2007 = 383\n    Aa_fair_value_2008 = 197\n\n    # Do math calculation to get the answer\n    answer = (Aa_fair_value_2008 - Aa_fair_value_2007) / Aa_fair_value_2007 * 100\n\n    return answer", "ground_truth": -48.56396866840731, "question_id": "simplong-testmini-54", "paragraphs": ["MetLife, Inc.  Notes to the Consolidated Financial Statements — (Continued) Issuance Costs In connection with the offering of common equity units, the Holding Company incurred $55.3 million of issuance costs of which $5.8 million related to the issuance of the junior subordinated debentures underlying common equity units which funded the Series A and Series B trust preferred securities and $49.5 million related to the expected issuance of the common stock under the stock purchase contracts.", "The $5.8 million in debt issuance costs were capitalized, included in other assets, and amortized using the effective interest method over the period from issuance date of the common equity units to the initial and subsequent stock purchase date.", "The remaining $49.5 million of costs related to the common stock issuance under the stock purchase contracts and were recorded as a reduction of additional paid-in capital.", "Earnings Per Common Share The stock purchase contracts are reflected in diluted earnings per common share using the treasury stock method.", "The stock purchase contracts were included in diluted earnings per common share for the years ended December 31, 2008, 2007 and 2006 as shown in Note 20.", "Remarketing of Junior Subordinated Debentures and Settlement of Stock Purchase Contracts On August 15, 2008, the Holding Company closed the successful remarketing of the Series A portion of the junior subordinated debentures underlying the common equity units.", "The Series A junior subordinated debentures were modified as permitted by their terms to be 6.817% senior debt securities Series A, due August 15, 2018.", "The Holding Company did not receive any proceeds from the remarketing.", "Most common equity unit holders chose to have their junior subordinated debentures remarketed and used the remarketing proceeds to settle their payment obligations under the applicable stock purchase contract.", "For those common equity unit holders that elected not to participate in the remarketing and elected to use their own cash to satisfy the payment obligations under the stock purchase contract, the terms of the debt are the same as the remarketed debt.", "The initial settlement of the stock purchase contracts occurred on August 15, 2008, providing proceeds to the Holding Company of $1,035 million in exchange for shares of the Holding Company’s common stock.", "The Holding Company delivered 20,244,549 shares of its common stock held in treasury at a value of $1,064 million to settle the stock purchase contracts.", "On February 17, 2009, the Holding Company closed the successful remarketing of the Series B portion of the junior subordinated debentures underlying the common equity units.", "The Series B junior subordinated debentures were modified as permitted by their terms to be 7.717% senior debt securities Series B, due February 15, 2019.", "The Holding Company did not receive any proceeds from the remarketing.", "Most common equity unit holders chose to have their junior subordinated debentures remarketed and used the remarketing proceeds to settle their payment obligations under the applicable stock purchase contract.", "For those common equity unit holders that elected not to participate in the remarketing and elected to use their own cash to satisfy the payment obligations under the stock purchase contract, the terms of the debt are the same as the remarketed debt.", "The subsequent settlement of the stock purchase contracts occurred on February 17, 2009, providing proceeds to the Holding Company of $1,035 million in exchange for shares of the Holding Company’s common stock.", "The Holding Company delivered 24,343,154 shares of its newly issued common stock at a value of $1,035 million to settle the stock purchase contracts.", "See also Notes 10, 12, 18 and 25.14.", "Shares Subject to Mandatory Redemption and Company-Obligated Mandatorily Redeemable Securities of Subsid\u0002iary Trusts GenAmerica Capital I.", "In June 1997, GenAmerica Corporation (“GenAmerica”) issued $125 million of 8.525% capital securities through a wholly-owned subsidiary trust, GenAmerica Capital I.", "In October 2007, GenAmerica redeemed these securities which were due to mature on June 30, 2027.", "As a result of this redemption, the Company recognized additional interest expense of $10 million.", "Interest expense on these instruments is included in other expenses and was $20 million and $11 million for the years ended December 31, 2007 and 2006, respectively.15.", "Income Tax The provision for income tax from continuing operations is as follows:", "|| Years Ended December 31,|\n||2008|2007| 2006|\n|| (In millions)|\n|Current:||||\n|Federal|$216|$424|$615|\n|State and local|10|15|39|\n|Foreign|372|200|144|\n|Subtotal|598|639|798|\n|Deferred:||||\n|Federal|1,078|1,015|164|\n|State and local|-6|31|2|\n|Foreign|-90|-25|52|\n|Subtotal|982|1,021|218|\n|Provision for income tax|$1,580|$1,660|$1,016|\n", "the same default methodology to all Alt-A bonds, regardless of the underlying collateral.", "The Company’s Alt-A portfolio has superior structure to the overall Alt-A market.", "The Company’s Alt-A portfolio is 88% fixed rate collateral, has zero exposure to option ARM mortgages and has only 12% hybrid ARMs.", "Fixed rate mortgages have performed better than both option ARMs and hybrid ARMs.", "Additionally, 83% of the Company’s Alt-A portfolio has super senior credit enhancement, which typically provides double the credit enhancement of a standard AAA rated bond.", "Based upon the analysis of the Company’s exposure to Alt-A mortgage loans through its investment in asset-backed securities, the Company continues to expect to receive payments in accordance with the contractual terms of the securities.", "Asset-Backed Securities.", "The Company’s asset-backed securities are diversified both by sector and by issuer.", "At December 31, 2008, the largest exposures in the Company’s asset-backed securities portfolio were credit card receivables, automobile receivables, student loan receivables and residential mortgage-backed securities backed by sub-prime mortgage loans of 49%, 10%, 10% and 10% of the total holdings, respectively.", "At December 31, 2008 and 2007, the Company’s holdings in asset-backed securities was $10.5 billion and $10.6 billion at estimated fair value.", "At December 31, 2008 and 2007, $7.9 billion and $5.7 billion, respectively, or 75% and 54%, respectively, of total asset-backed securities were rated Aaa/AAA by Moody’s, S&P or Fitch.", "The Company’s asset-backed securities included in the structured securities table above include exposure to residential mortgage\u0002backed securities backed by sub-prime mortgage loans.", "Sub-prime mortgage lending is the origination of residential mortgage loans to customers with weak credit profiles.", "The Company’s exposure exists through investment in asset-backed securities which are supported by sub-prime mortgage loans.", "The slowing U. S.  housing market, greater use of affordable mortgage products, and relaxed underwriting standards for some originators of below-prime loans have recently led to higher delinquency and loss rates, especially within the 2006 and 2007 vintage year.", "Vintage year refers to the year of origination and not to the year of purchase.", "These factors have caused a pull-back in market liquidity and repricing of risk, which has led to an increase in unrealized losses from December 31, 2007 to December 31, 2008.", "Based upon the analysis of the Company’s exposure to sub-prime mortgage loans through its investment in asset-backed securities, the Company expects to receive payments in accordance with the contractual terms of the securities.", "The following table shows the Company’s exposure to asset-backed securities supported by sub-prime mortgage loans by credit quality and by vintage year:", "|| December 31, 2008|\n|| Aaa| Aa| A| Baa| Below   Investment Grade| Total|\n|| Cost or || Cost or || Cost or || Cost or || Cost or || Cost or ||\n|| Amortized | Fair | Amortized | Fair | Amortized | Fair | Amortized | Fair | Amortized | Fair | Amortized | Fair |\n|| Cost| Value| Cost| Value| Cost| Value| Cost| Value| Cost| Value| Cost| Value|\n|| (In millions)|\n|2003 & Prior|$96|$77|$92|$72|$26|$16|$83|$53|$8|$4|$305|$222|\n|2004|129|70|372|204|5|3|37|28|2|1|545|306|\n|2005|357|227|186|114|20|11|79|46|4|4|646|402|\n|2006|146|106|69|30|15|10|26|7|2|2|258|155|\n|2007|—|—|78|33|35|21|2|2|3|1|118|57|\n|2008|—|—|—|—|—|—|—|—|—|—|—|—|\n|Total|$728|$480|$797|$453|$101|$61|$227|$136|$19|$12|$1,872|$1,142|\n", "December 31, 2007", "|| December 31, 2007|\n|| Aaa| Aa| A| Baa| Below   Investment Grade| Total|\n|| Cost or || Cost or || Cost or || Cost or || Cost or || Cost or ||\n|| Amortized | Fair | Amortized | Fair | Amortized | Fair | Amortized | Fair | Amortized | Fair | Amortized | Fair |\n|| Cost| Value| Cost| Value| Cost| Value| Cost| Value| Cost| Value| Cost| Value|\n|| (In millions)|\n|2003 & Prior|$217|$206|$130|$123|$15|$14|$13|$12|$4|$2|$379|$357|\n|2004|186|169|412|383|11|9|—|—|1|—|610|561|\n|2005|509|462|218|197|—|—|—|—|—|—|727|659|\n|2006|244|223|64|43|—|—|—|—|—|—|308|266|\n|2007|132|123|17|9|—|—|—|—|—|—|149|132|\n|Total|$1,288|$1,183|$841|$755|$26|$23|$13|$12|$5|$2|$2,173|$1,975|\n", "At December 31, 2008 and 2007, the Company had asset-backed securities supported by sub-prime mortgage loans with estimated fair values of $1.1 billion and $2.0 billion, respectively, and unrealized losses of $730 million and $198 million, respectively, as outlined in the tables above.", "At December 31, 2008, approximately 82% of the portfolio is rated Aa or better of which 82% was in vintage year 2005 and prior.", "At December 31, 2007, approximately 98% of the portfolio was rated Aa or better of which 79% was in vintage year 2005 and prior.", "These older vintages benefit from better underwriting, improved enhancement levels and higher residential property price appre\u0002ciation.", "At December 31, 2008, 37% of the asset-backed securities backed by sub-prime mortgage loans have been guaranteed by financial guarantee insurers, of which 19% and 37% were guaranteed by financial guarantee insurers who were Aa and Baa rated, respectively.", "At December 31, 2008, all of the $1.1 billion of asset-backed securities supported by sub-prime mortgage loans were classified as Level 3 securities.", "have access to liquidity by issuing bonds to public or private investors based on our assessment of the current condition of the credit markets.", "At December 31, 2009, we had a working capital surplus of approximately $1.0 billion, which reflects our decision to maintain additional cash reserves to enhance liquidity in response to difficult economic conditions.", "At December 31, 2008, we had a working capital deficit of approximately $100 million.", "Historically, we have had a working capital deficit, which is common in our industry and does not indicate a lack of liquidity.", "We maintain adequate resources and, when necessary, have access to capital to meet any daily and short-term cash requirements, and we have sufficient financial capacity to satisfy our current liabilities.", "|Millions of Dollars|2009|2008|2007|\n|Cash provided by operating activities|$3,234|$4,070|$3,277|\n|Cash used in investing activities|-2,175|-2,764|-2,426|\n|Cash used in financing activities|-458|-935|-800|\n|Net change in cash and cash equivalents|$601|$371|$51|\n", "Operating Activities Lower net income in 2009, a reduction of $184 million in the outstanding balance of our accounts receivable securitization program, higher pension contributions of $72 million, and changes to working capital combined to decrease cash provided by operating activities compared to 2008.", "Higher net income and changes in working capital combined to increase cash provided by operating activities in 2008 compared to 2007.", "In addition, accelerated tax deductions enacted in 2008 on certain new operating assets resulted in lower income tax payments in 2008 versus 2007.", "Voluntary pension contributions in 2008 totaling $200 million and other pension contributions of $8 million partially offset the year-over-year increase versus 2007.", "Investing Activities Lower capital investments and higher proceeds from asset sales drove the decrease in cash used in investing activities in 2009 versus 2008.", "Increased capital investments and lower proceeds from asset sales drove the increase in cash used in investing activities in 2008 compared to 2007."], "table_evidence": [48], "paragraph_evidence": [49], "source": "multihiertt", "original_question_id": "0b4bd52eba1049feb79cda6825398a10"}
{"question": "In the year with largest amount of Office Net Charge-offs in table 3, what's the increasing rate of Office Net Charge-offs in table 3?", "python_solution": "def solution():\n    # Define variables name and value\n    office_net_charge_offs_2011 = 126\n    office_net_charge_offs_2010 = 273\n\n    # Do math calculation to get the answer\n    difference = office_net_charge_offs_2010 - office_net_charge_offs_2011\n    answer = (difference / office_net_charge_offs_2010) * 100\n    \n    return answer", "ground_truth": 53.84615384615385, "question_id": "simplong-testmini-55", "paragraphs": ["PART II ITEM 5.", "MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES The following table presents reported quarterly high and low per share sale prices of our common stock on the NYSE for the years 2015 and 2014.", "|2015|High|Low|\n|Quarter ended March 31|$101.88|$93.21|\n|Quarter ended June 30|98.64|91.99|\n|Quarter ended September 30|101.54|86.83|\n|Quarter ended December 31|104.12|87.23|\n|2014|High|Low|\n|Quarter ended March 31|$84.90|$78.38|\n|Quarter ended June 30|90.73|80.10|\n|Quarter ended September 30|99.90|89.05|\n|Quarter ended December 31|106.31|90.20|\n", "On February 19, 2016, the closing price of our common stock was $87.32 per share as reported on the NYSE.", "As of February 19, 2016, we had 423,897,556 outstanding shares of common stock and 159 registered holders.", "Dividends As a REIT, we must annually distribute to our stockholders an amount equal to at least 90% of our REIT taxable income (determined before the deduction for distributed earnings and excluding any net capital gain).", "Generally, we have distributed and expect to continue to distribute all or substantially all of our REIT taxable income after taking into consideration our utilization of net operating losses (“NOLs”).", "We have two series of preferred stock outstanding, 5.25% Mandatory Convertible Preferred Stock, Series A, issued in May 2014 (the “Series A Preferred Stock”), with a dividend rate of 5.25%, and the 5.50% Mandatory Convertible Preferred Stock, Series B (the “Series B Preferred Stock”), issued in March 2015, with a dividend rate of 5.50%.", "Dividends are payable quarterly in arrears, subject to declaration by our Board of Directors.", "The amount, timing and frequency of future distributions will be at the sole discretion of our Board of Directors and will be dependent upon various factors, a number of which may be beyond our control, including our financial condition and operating cash flows, the amount required to maintain our qualification for taxation as a REIT and reduce any income and excise taxes that we otherwise would be required to pay, limitations on distributions in our existing and future debt and preferred equity instruments, our ability to utilize NOLs to offset our distribution requirements, limitations on our ability to fund distributions using cash generated through our TRSs and other factors that our Board of Directors may deem relevant.", "We have distributed an aggregate of approximately $2.3 billion to our common stockholders, including the dividend paid in January 2016, primarily subject to taxation as ordinary income.", "During the year ended December 31, 2015, we declared the following cash distributions:", "Our total non-U.", "S.  exposure was $232.6 billion at December 31, 2011, a decrease of $29.4 billion from December 31, 2010.", "Our non-U.", "S.  exposure remained concentrated in Europe which accounted for $115.9 billion, or 50 percent, of total non-U.", "S.  exposure.", "The European exposure was mostly in Western Europe and was distributed across a variety of industries.", "The decrease of $32.2 billion in Europe was primarily driven by our efforts to reduce risk in countries affected by the ongoing debt crisis in the Eurozone.", "Select European countries are further detailed in Table 54.", "Asia Pacific was our second largest non-U.", "S.  exposure at $74.6 billion, or 32 percent.", "The $1.3 billion increase in Asia Pacific was driven by increases in securities and local exposure in Japan and increases in the emerging markets, predominately in local exposure, loans and securities offset by the sale of CCB shares.", "For more information on our CCB investment, see Note 5 – Securities to the Consolidated Financial Statements.", "Latin America accounted for $17.4 billion, or seven percent, of total non-U.", "S.  exposure.", "The $2.6 billion increase in Latin America was primarily driven by an increase in Brazil in securities and local country exposure.", "Middle East and Africa increased $926 million to $4.6 billion, representing two percent of total non-U.", "S.  exposure.", "Other non-U.", "S.  exposure was $20.1 billion at December 31, 2011, a decrease of $2.1 billion in 2011 resulting primarily from a decrease in local exposure as a result of the sale of our Canadian consumer card business.", "For more information on our Asia Pacific and Latin America exposure, see non-U.", "S.  exposure to selected countries defined as emerging markets on page 100.", "Table 52 presents countries where total cross-border exposure exceeded one percent of our total assets.", "At December 31, 2011, the United Kingdom and Japan were the only countries where total cross-border exposure exceeded one percent of our total assets.", "At December 31, 2011, Canada and France had total cross-border exposure of $16.9 billion and $16.1 billion representing 0.79 percent and 0.75 percent of total assets.", "Canada and France were the only other countries that had total cross-border exposure that exceeded 0.75 percent of our total assets at December 31, 2011.", "Exposure includes cross-border claims by our non-U.", "S.  offices including loans, acceptances, time deposits placed, trading account assets, securities, derivative assets, other interest\u0002earning investments and other monetary assets.", "Amounts also include unused commitments, SBLCs, commercial letters of credit and formal guarantees.", "Sector definitions are consistent with FFIEC reporting requirements for preparing the Country Exposure Report.", "|Table 52|Total Cross-border Exposure Exceeding One Percent of Total Assets-1|\n|(Dollars in millions)|December 31|Public Sector|Banks|Private Sector|Cross-borderExposure|Exposure as aPercentage ofTotal Assets|\n|United Kingdom|2011|$6,401|$4,424|$18,056|$28,881|1.36%|\n||2010|101|5,544|32,354|37,999|1.68|\n|Japan-2|2011|4,603|10,383|8,060|23,046|1.08|\n", "(1) Total cross-border exposure for the United Kingdom and Japan included derivatives exposure of $5.9 billion and $3.5 billion at December 31, 2011 and $2.3 billion and $2.8 billion at December 31, 2010 which has been reduced by the amount of cash collateral applied of $9.3 billion and $1.2 billion at December 31, 2011 and $13.0 billion and $1.6 billion at December 31, 2010.", "Derivative assets were collateralized by other marketable securities of $242 million and $1.7 billion at December 31, 2011 and $96 million and $743 million at December 31, 2010.", "(2) At December 31, 2010, total cross-border exposure for Japan was $17.0 billion, representing 0.75 percent of total assets.", "Tables 43 and 44 present commercial real estate credit quality data by non-homebuilder and homebuilder property types.", "The homebuilder portfolio presented in Tables 42, 43 and 44 includes condominiums and other residential real estate.", "Other property types in Tables 42, 43 and 44 primarily include special purpose, nursing/retirement homes, medical facilities and restaurants, as well as unsecured loans to borrowers whose primary business is commercial real estate.", "Table 43 Commercial Real Estate Credit Quality Data", "|Table 43|Commercial Real Estate Credit Quality Data December 31|\n||Nonperforming Loans andForeclosed Properties-1|Utilized ReservableCriticized Exposure-2|\n|(Dollars in millions)|2011|2010|2011|2010|\n|Non-homebuilder|||||\n|Office|$807|$1,061|$2,375|$3,956|\n|Multi-family rental|339|500|1,604|2,940|\n|Shopping centers/retail|561|1,000|1,378|2,837|\n|Industrial/warehouse|521|420|1,317|1,878|\n|Multi-use|345|483|971|1,316|\n|Hotels/motels|173|139|716|1,191|\n|Land and land development|530|820|749|1,420|\n|Other|223|168|997|1,604|\n|Total non-homebuilder|3,499|4,591|10,107|17,142|\n|Homebuilder|993|1,963|1,418|3,376|\n|Total commercial real estate|$4,492|$6,554|$11,525|$20,518|\n", "Table 44 Commercial Real Estate Net Charge-offs and Related Ratios", "|Table 44|Commercial Real Estate Net Charge-offs and Related Ratios|\n||Net Charge-offs|Net Charge-off Ratios-1|\n|(Dollars in millions)|2011|2010|2011|2010|\n|Non-homebuilder|||||\n|Office|$126|$273|1.51%|2.49%|\n|Multi-family rental|36|116|0.52|1.21|\n|Shopping centers/retail|184|318|2.69|3.56|\n|Industrial/warehouse|88|59|1.94|1.07|\n|Multi-use|61|143|1.63|2.92|\n|Hotels/motels|23|45|0.86|1.02|\n|Land and land development|152|377|7.58|13.04|\n|Other|19|220|0.33|3.14|\n|Total non-homebuilder|689|1,551|1.67|2.86|\n|Homebuilder|258|466|8.00|8.26|\n|Total commercial real estate|$947|$2,017|2.13|3.37|\n", "(1) Net charge-off ratios are calculated as net charge-offs divided by average outstanding loans excluding loans accounted for under the fair value option.", "At December 31, 2011, total committed non-homebuilder exposure was $53.1 billion compared to $64.2 billion at December 31, 2010, with the decrease due to exposure reductions in all non-homebuilder property types.", "Non-homebuilder nonperforming loans and foreclosed properties were $3.5 billion and $4.6 billion at December 31, 2011 and 2010, which represented 9.29 percent and 10.08 percent of total non\u0002homebuilder loans and foreclosed properties.", "Non-homebuilder utilized reservable criticized exposure decreased to $10.1 billion, or 25.34 percent of non-homebuilder utilized reservable exposure, at December 31, 2011 compared to $17.1 billion, or 35.55 percent, at December 31, 2010.", "The decrease in reservable criticized exposure was driven primarily by office, shopping centers/retail and multi-family rental property types.", "For the non\u0002homebuilder portfolio, net charge-offs decreased $862 million in 2011 due in part to resolution of criticized assets through payoffs and sales.", "At December 31, 2011, we had committed homebuilder exposure of $3.9 billion compared to $6.0 billion at December 31, 2010, of which $2.4 billion and $4.3 billion were funded secured loans.", "The decline in homebuilder committed exposure was due to repayments, net charge-offs, reductions in new home construction and continued risk mitigation initiatives with market conditions providing fewer origination opportunities to offset the reductions.", "Homebuilder nonperforming loans and foreclosed properties decreased $970 million due to repayments, a decline in the volume of loans being downgraded to nonaccrual status and net charge-offs.", "Homebuilder utilized reservable criticized exposure decreased $2.0 billion to $1.4 billion due to repayments and net charge-offs.", "The nonperforming loans, leases and foreclosed properties and the utilized reservable criticized ratios for the homebuilder portfolio were 38.89 percent and 54.65 percent at December 31, 2011 compared to 42.80 percent and 74.27 percent at December 31, 2010.", "Net charge-offs for the homebuilder portfolio decreased $208 million in 2011.", "Capital Management During 2015, we repurchased approximately $2.4 billion of common stock, with an average price of $16.92 per share, in connection with our 2015 Comprehensive Capital Analysis and Review (CCAR) capital plan, which included a request to repurchase $4.0 billion of common stock over five quarters beginning in the second quarter of 2015, and to maintain the quarterly common stock dividend at the current rate of $0.05 per share.", "Based on the conditional non-objection we received from the Federal Reserve on our 2015 CCAR submission, we were required to resubmit our CCAR capital plan by September 30, 2015 and address certain weaknesses the Federal Reserve identified in our capital planning process.", "We have established plans and taken actions which addressed the identified weaknesses, and we resubmitted our CCAR capital plan on September 30, 2015.", "The Federal Reserve announced that it did not object to our resubmitted CCAR capital plan on December 10, 2015.", "As an Advanced approaches institution, under Basel 3, we were required to complete a qualification period (parallel run) to demonstrate compliance with the Basel 3 Advanced approaches capital framework to the satisfaction of U. S.  banking regulators.", "We received approval to begin using the Advanced approaches capital framework to determine risk-based capital requirements beginning in the fourth quarter of 2015.", "As previously disclosed, with the approval to exit parallel run, U. S.  banking regulators requested modifications to certain internal analytical models including the wholesale (e. g. , commercial) credit models.", "All requested modifications were incorporated, which increased our risk-weighted assets, and are reflected in the risk-based ratios in the fourth quarter of 2015.", "Having exited parallel run on October 1, 2015, we are required to report regulatory risk-based capital ratios and risk-weighted assets under both the Standardized and Advanced approaches.", "The approach that yields the lower ratio is used to assess capital adequacy including under the Prompt Corrective Action (PCA) framework and was the Advanced approaches in the fourth quarter of 2015.", "For additional information, see Capital Management on page 51.", "Trust Preferred Securities On December 29, 2015, the Corporation provided notice of the redemption on January 29, 2016 of all trust preferred securities of Merrill Lynch Preferred Capital Trust III, Merrill Lynch Preferred Capital Trust IV and Merrill Lynch Preferred Capital Trust V (the Trust Preferred Securities).", "In connection with the Corporation’s acquisition of Merrill Lynch & Co. , Inc.  in 2009, the Corporation recorded a discount to par value as purchase accounting adjustments associated with the Trust Preferred Securities.", "The Corporation recorded a $612 million charge to net interest income related to the discount on these securities.", "New Accounting Guidance on Recognition and Measurement of Financial Instruments In January 2016, the Financial Accounting Standards Board (FASB) issued new accounting guidance on recognition and measurement of financial instruments.", "The Corporation has early adopted, retrospective to January 1, 2015, the provision that requires the Corporation to present unrealized gains and losses resulting from changes in the Corporation’s own credit spreads on liabilities accounted for under the fair value option (referred to as debit valuation adjustments, or DVA) in accumulated other comprehensive income (OCI).", "The impact of the adoption was to reclassify, as of January 1, 2015, unrealized DVA losses of $2.0 billion pretax ($1.2 billion after tax) from retained earnings to accumulated OCI.", "Further, pretax unrealized DVA gains of $301 million, $301 million and $420 million were reclassified from other income to accumulated OCI for the third, second and first quarters of 2015, respectively.", "This had the effect of reducing net income as previously reported for the aforementioned quarters by $187 million, $186 million and $260 million, or approximately $0.02 per share in each quarter.", "This change is reflected in consolidated results and the Global Markets segment results.", "Results for 2014 were not subject to restatement under the provisions of the new accounting guidance.", "Selected Financial Data Table 1 provides selected consolidated financial data for 2015 and 2014."], "table_evidence": [51], "paragraph_evidence": [50], "source": "multihiertt", "original_question_id": "9819c81ad06b4d2b995c90e8ba2a657c"}
{"question": "what was the percentage change in research and development net from 2011 to 2012?", "python_solution": "def solution():\n    # Define variables name and value\n    net_research_2012 = 453\n    net_research_2011 = 428\n    \n    # Do math calculation to get the answer\n    difference = net_research_2012 - net_research_2011\n    percentage_change = (difference / net_research_2011) * 100\n    \n    return percentage_change", "ground_truth": 5.841121495327103, "question_id": "simplong-testmini-56", "paragraphs": ["The results from discontinued operations for our former Digital Television business unit were as follows:", "||2009|2008|\n||(In millions)|\n|Net revenue|$—|$73|\n|Expenses|-3|-147|\n|Impairment of goodwill and acquired intangible assets|—|-609|\n|Restructuring charges|—|-1|\n|Loss from discontinued operations|$-3|$-684|\n", "Recently Adopted Accounting Standards Noncontrolling Interest.", "In June 2009, the FASB issued guidance that amends the evaluation criteria to identify the primary beneficiary of a variable interest entity.", "Additionally, this guidance requires ongoing reassessments of whether an enterprise is the primary beneficiary of the variable interest entity.", "This guidance became effective for interim and annual reporting periods after November 15, 2009.", "We adopted this new guidance as of the beginning of 2010, and we applied such guidance in evaluating whether we could deconsolidate GF given the changes in governance over the operations of GF that occurred effective December 28, 2009.", "See Note 3 of Notes to Consolidated Financial Statements for additional information.", "ITEM 7A.", "QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK Interest Rate Risk.", "Our exposure to market risk for changes in interest rates relates primarily to our investment portfolio and long-term debt.", "We usually invest our cash in investments with short maturities or with frequent interest reset terms.", "Accordingly, our interest income fluctuates with short-term market conditions.", "As of December 25, 2010, our investment portfolio consisted primarily of time deposits, money market funds, commercial paper and ARS.", "With the exception of our ARS, these investments were highly liquid.", "Due to the short-term nature of our investment portfolio and the current low interest rate environment, our exposure to interest rate risk is minimal.", "As of December 25, 2010, all of our outstanding debt is fixed interest rate debt.", "Consequently, our exposure to market risk for changes in interest rates on reported interest expense and corresponding cash flows is minimal.", "We will continue to monitor our exposure to interest rate risk.", "Default Risk.", "We mitigate default risk in our investment portfolio by investing in only the highest credit quality securities and by constantly positioning our portfolio to respond appropriately to a significant reduction in a credit rating of any investment issuer or guarantor.", "Our portfolio includes investments in debt and marketable equity securities with active secondary or resale markets to ensure portfolio liquidity.", "We are averse to principal loss and strive to preserve our invested funds by limiting default risk and market risk.", "We actively monitor market conditions and developments specific to the securities and security classes in which we invest.", "We believe that we take a conservative approach to investing our funds in that we invest only in highly-rated debt securities with relatively short maturities and do not invest in securities we believe involve a higher degree of risk.", "As of December 25, 2010, substantially all of our investments in debt securities were AAA rated by at least one of the rating agencies.", "While we believe we take prudent measures to mitigate investment related risks, such risks cannot be fully eliminated as there are circumstances outside of our control.", "We believe the current credit market difficulties do not have a material impact on our financial position.", "However, a future degradation in credit market conditions could have a material adverse effect on our financial position.", "As a result of the uncertainties in the credit markets, all of our ARS were negatively affected and auctions for these securities failed to settle on their respective settlement dates.", "As of December 25, 2010, we had", "The table below provides information about the fair value carrying amount and the contractual principal outstanding of assets or liabilities accounted for under the fair value option at December 31, 2010 and 2009.", "||December 31|\n||2010|2009|\n||||Fair Value|||Fair Value|\n||||Carrying|||Carrying|\n|| Fair Value | Contractual |Amount|Fair Value |Contractual |Amount|\n|| Carrying | Principal |Less Unpaid|Carrying |Principal |Less Unpaid|\n|(Dollars in millions)| Amount| Outstanding|Principal|Amount|Outstanding|Principal|\n|Corporate loans and loan commitments-1|$4,135|$3,638|$497|$5,865|$5,460|$405|\n|Loansheld-for-sale|25,942|28,370|-2,428|32,795|36,522|-3,727|\n|Securities financing agreements|116,023|115,053|970|95,100|94,641|459|\n|Other assets|310|n/a|n/a|253|n/a|n/a|\n|Long-term deposits|2,732|2,692|40|1,663|1,605|58|\n|Asset-backed secured financings|706|1,356|-650|707|1,451|-744|\n|Commercial paper and other short-term borrowings|6,472|6,472|–|813|813|–|\n|Long-term debt|50,984|54,656|-3,672|45,451|48,560|-3,109|\n", "(1) Includes unfunded loan commitments with an aggregate fair value of $866 million and $950 million and aggregated committed exposure of $27.3 billion and $27.0 billion at December 31, 2010 and 2009, respectively.", "n/a = not applicable The tables below provide information about where changes in the fair value of assets or liabilities accounted for under the fair value option are included in the Consolidated Statement of Income for 2010, 2009 and 2008.", "Gains (Losses) Relating to Assets and Liabilities Accounted for Under the Fair Value Option", "||2010|\n|(Dollars in millions)|Trading Account Profits (Losses)|Mortgage Banking Income (Loss)|Equity Investment Income (Loss)|Other Income (Loss)|Total|\n|Corporate loans and loan commitments|$2|$–|$–|$105|$107|\n|Loansheld-for-sale|–|9,091|–|493|9,584|\n|Securities financing agreements|–|–|–|52|52|\n|Other assets|–|–|–|107|107|\n|Long-term deposits|–|–|–|-48|-48|\n|Asset-backed secured financings|–|-95|–|–|-95|\n|Commercial paper and other short-term borrowings|-192|–|–|–|-192|\n|Long-term debt|-625|–|–|22|-603|\n| Total|$-815|$8,996|$–|$731|$8,912|\n||2009|\n|Corporate loans and loan commitments|$25|$–|$–|$1,886|$1,911|\n|Loansheld-for-sale|-211|8,251|–|588|8,628|\n|Securities financing agreements|–|–|–|-292|-292|\n|Other assets|379|–|-177|–|202|\n|Long-term deposits|–|–|–|35|35|\n|Asset-backed secured financings|–|-11|–|–|-11|\n|Commercial paper and other short-term borrowings|-236|–|–|–|-236|\n|Long-term debt|-3,938|–|–|-4,900|-8,838|\n|Total|$-3,981|$8,240|$-177|$-2,683|$1,399|\n||2008|\n|Corporate loans and loan commitments|$4|$–|$–|$-1,248|$-1,244|\n|Loansheld-for-sale|-680|281|–|-215|-614|\n|Securities financing agreements|–|–|–|-18|-18|\n|Long-term deposits|–|–|–|-10|-10|\n|Asset-backed secured financings|–|295|–|–|295|\n|Total|$-676|$576|$–|$-1,491|$-1,591|\n", "Notes to the Consolidated Financial Statements 1.", "Summary of Significant Accounting Policies Principles of Consolidation The accompanying consolidated financial statements include the accounts of PPG Industries, Inc.  (“PPG” or the “Company”) and all subsidiaries, both U. S.  and non-U.", "S. , that it controls.", "PPG owns more than 50% of the voting stock of most of the subsidiaries that it controls.", "For those consolidated subsidiaries in which the Company’s ownership is less than 100%, the outside shareholders’ interests are shown as noncontrolling interests.", "Investments in companies in which PPG owns 20% to 50% of the voting stock and has the ability to exercise significant influence over operating and financial policies of the investee are accounted for using the equity method of accounting.", "As a result, PPG’s share of the earnings or losses of such equity affiliates is included in the accompanying consolidated statement of income and PPG’s share of these companies’ shareholders’ equity is included in \"Investments\" in the accompanying consolidated balance sheet.", "Transactions between PPG and its subsidiaries are eliminated in consolidation.", "Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in conformity with U. S.  generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of income and expenses during the reporting period.", "Such estimates also include the fair value of assets acquired and liabilities assumed as a result of allocations of purchase price of business combinations consummated.", "Actual outcomes could differ from those estimates.", "Revenue Recognition The Company recognizes revenue when the earnings process is complete.", "Revenue from sales is recognized by all operating segments when goods are shipped and title to inventory and risk of loss passes to the customer or when services have been rendered.", "Shipping and Handling Costs Amounts billed to customers for shipping and handling are reported in “Net sales” in the accompanying consolidated statement of income.", "Shipping and handling costs incurred by the Company for the delivery of goods to customers are included in “Cost of sales, exclusive of depreciation and amortization” in the accompanying consolidated statement of income.", "Selling, General and Administrative Costs Amounts presented as “Selling, general and administrative” in the accompanying consolidated statement of income are comprised of selling, customer service, distribution and advertising costs, as well as the costs of providing corporate\u0002wide functional support in such areas as finance, law, human resources and planning.", "Distribution costs pertain to the movement and storage of finished goods inventory at company\u0002 owned and leased warehouses, terminals and other distribution facilities.", "Advertising Costs Advertising costs are expensed in the year incurred and totaled $345 million, $288 million and $245 million in 2013, 2012 and 2011, respectively.", "Research and Development Research and development costs, which consist primarily of employee related costs, are charged to expense as incurred.", "The following are the research and development costs for the years ended December 31:", "|(Millions)|2013|2012|2011|\n|Research and development – total|$505|$468|$443|\n|Less depreciation on research facilities|17|15|15|\n|Research and development, net|$488|$453|$428|\n", "Legal Costs Legal costs are expensed as incurred.", "Legal costs incurred by PPG include legal costs associated with acquisition and divestiture transactions, general litigation, environmental regulation compliance, patent and trademark protection and other general corporate purposes.", "Foreign Currency Translation The functional currency of most significant non-U.", "S.  operations is their local currency.", "Assets and liabilities of those operations are translated into U. S.  dollars using year-end exchange rates; income and expenses are translated using the average exchange rates for the reporting period.", "Unrealized foreign currency translation adjustments are deferred in accumulated other comprehensive loss, a separate component of shareholders’ equity.", "Cash Equivalents Cash equivalents are highly liquid investments (valued at cost, which approximates fair value) acquired with an original maturity of three months or less.", "Short-term Investments Short-term investments are highly liquid, high credit quality investments (valued at cost plus accrued interest) that have stated maturities of greater than three months to one year.", "The purchases and sales of these investments are classified as investing activities in the consolidated statement of cash flows.", "Marketable Equity Securities The Company’s investment in marketable equity securities is recorded at fair market value and reported in “Other current assets” and “Investments” in the accompanying consolidated balance sheet with changes in fair market value recorded in income for those securities designated as trading securities and in other comprehensive income, net of tax, for those designated as available for sale securities.", "The following table indicates the percentage of net sales represented by each of our major product categories during fiscal 2017 and 2016:"], "table_evidence": [57], "paragraph_evidence": [-1], "source": "multihiertt", "original_question_id": "0c64b517b1594ee2a73d7b1e18fcdb83"}
{"question": "What is the sum of Capital lease obligations for payments due by period ? (in thousand)", "python_solution": "def solution():\n    # Define variables name and value\n    less_than_1_year = 6139\n    one_to_three_years = 11794\n    four_to_five_years = 11139\n    after_five_years = 56879\n    \n    # Do math calculation to get the answer\n    answer = less_than_1_year + one_to_three_years + four_to_five_years + after_five_years\n    \n    return answer", "ground_truth": 85951.0, "question_id": "simplong-testmini-57", "paragraphs": ["REPUBLIC SERVICES, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED approximately $32 million of federal tax payments were deferred and paid in 2009 as a result of the Allied acquisition.", "The following table summarizes the activity in our gross unrecognized tax benefits for the years ended December 31:", "||2010|2009|2008|\n|Balance at beginning of year|$242.2|$611.9|$23.2|\n|Additions due to the Allied acquisition|-|13.3|582.9|\n|Additions based on tax positions related to current year|2.8|3.9|10.6|\n|Reductions for tax positions related to the current year|-|-|-5.1|\n|Additions for tax positions of prior years|7.5|5.6|2.0|\n|Reductions for tax positions of prior years|-7.4|-24.1|-1.3|\n|Reductions for tax positions resulting from lapse of statute of limitations|-10.4|-0.5|-0.4|\n|Settlements|-11.9|-367.9|-|\n|Balance at end of year|$222.8|$242.2|$611.9|\n", "New accounting guidance for business combinations became effective for our 2009 financial statements.", "This new guidance changed the treatment of acquired uncertain tax liabilities.", "Under previous guidance, changes in acquired uncertain tax liabilities were recognized through goodwill.", "Under the new guidance, subsequent changes in acquired unrecognized tax liabilities are recognized through the income tax provision.", "As of December 31, 2010, $206.5 million of the $222.8 million of unrecognized tax benefits related to tax positions taken by Allied prior to the 2008 acquisition.", "Included in the balance at December 31, 2010 and 2009 are approximately $209.1 million and $217.6 million of unrecognized tax benefits (net of the federal benefit on state issues) that, if recognized, would affect the effective income tax rate in future periods.", "During 2010, the IRS concluded its examination of our 2005 and 2007 tax years.", "The conclusion of this examination reduced our gross unrecognized tax benefits by approximately $1.9 million.", "We also resolved various state matters during 2010 that, in the aggregate, reduced our gross unrecognized tax benefits by approximately $10.0 million.", "During 2009, we settled our outstanding tax dispute related to Allied’s risk management companies (see – Risk Management Companies) with both the Department of Justice (DOJ) and the Internal Revenue Service (IRS).", "This settlement reduced our gross unrecognized tax benefits by approximately $299.6 million.", "During 2009, we also settled with the IRS, through an accounting method change, our outstanding tax dispute related to intercompany insurance premiums paid to Allied’s captive insurance company.", "This settlement reduced our gross unrecognized tax benefits by approximately $62.6 million.", "In addition to these federal matters, we also resolved various state matters that, in the aggregate, reduced our gross unrecognized tax benefits during 2009 by approximately $5.8 million.", "We recognize interest and penalties as incurred within the provision for income taxes in our consolidated statements of income.", "Related to the unrecognized tax benefits previously noted, we accrued interest of $19.2 million during 2010 and, in total as of December 31, 2010, have recognized a liability for penalties of $1.2 million and interest of $99.9 million.", "During 2009, we accrued interest of $24.5 million and, in total at December 31, 2009, had recognized a liability for penalties of $1.5 million and interest of $92.3 million.", "During 2008, we accrued penalties of $0.2 million and interest of $5.2 million and, in total at December 31, 2008, had recognized a liability for penalties of $88.1 million and interest of $180.0 million.", "NONREGULATED OPERATING MARGINS The following table details the changes in nonregulated revenue and margin included in continuing operations:", "| (Millions of Dollars)|2005|2004|2003|\n|Nonregulated and other revenue|$74|$75|$134|\n|Nonregulated cost of goods sold|-25|-29|-81|\n|Nonregulated margin|$49|$46|$53|\n", "2004 Comparison to 2003 Nonregulated revenue decreased in 2004, due primarily to the discontinued consolidation of an investment in an independent power-producing entity that was no longer majority owned.", "NON-FUEL OPERATING EXPENSES AND OTHER ITEMS Other Utility Operating and Maintenance Expenses Other operating and maintenance expenses for 2005 increased by approximately $87 million, or 5.5 percent, compared with 2004.", "An outage at the Monticello nuclear plant and higher outage costs at Prairie Island in 2005 increased costs by approximately $26 million.", "Employee benefit costs were higher in 2005, primarily due to increased pension benefits and long-term disability costs.", "Also contributing to the increase were higher uncollectible receivable costs, attributable in part to modifications to the bankruptcy laws, higher fuel prices and certain changes in the credit and collections process.", "Other operating and maintenance expenses for 2004 increased by approximately $21 million, or 1.4 percent, compared with 2003.", "Of the increase, $12 million was incurred to assist with the storm damage repair in Florida and was offset by increased revenue.", "The remaining increase of $9 million is primarily due to higher electric service reliability costs, higher information technology costs, higher plant-related costs, higher costs related to a customer billing system conversion and increased costs primarily related to compliance with the Sarbanes-Oxley Act of 2002.", "The higher costs were partially offset by lower employee benefit and compensation costs and lower nuclear plant outage costs", "| (Millions of Dollars)|2005 vs. 2004|2004 vs. 2003|\n|Higher (lower) employee benefit costs|$31|$-12|\n|Higher (lower) nuclear plant outage costs|26|-13|\n|Higher uncollectible receivable costs|19|2|\n|Higher donations to energy assistance programs|4|1|\n|Higher mutual aid assistance costs|1|12|\n|Higher electric service reliability costs|9|9|\n|Higher (lower) information technology costs|-6|8|\n|Higher (lower) plant-related costs|-7|4|\n|Higher costs related to customer billing system conversion|4|4|\n|Higher costs to comply with Sarbanes-Oxley Act of 2002|—|4|\n|Other|6|2|\n|Total operating and maintenance expense increase|$87|$21|\n", "Other Nonregulated Operating and Maintenance Expenses Other nonregulated operating and maintenance expenses decreased $16 million, or 35.4 percent, in 2005 compared with 2004, primarily due to the accrual of $18 million in 2004 for a settlement agreement related to shareholder lawsuits.", "Other nonregulated operating and maintenance expenses decreased $9 million, or 17.5 percent, in 2004 compared with 2003.", "This decrease resulted from the dissolution of Planergy International and the discontinued consolidation of an investment in an independent power\u0002producing entity that was no longer majority owned after the divestiture of NRG.", "Depreciation and Amortization Depreciation and amortization expense for 2005 increased by approximately $61 million, or 8.7 percent, compared with 2004.", "The changes were primarily due to the installation of new steam generators at Unit 1 of the Prairie Island nuclear plant and software system additions, both of which have relatively short depreciable lives compared with other capital additions.", "The Prairie Island steam generators are being depreciated over the remaining life of the plant operating license, which expires in 2013.", "In addition, the Minnesota Renewable Development Fund and renewable cost-recovery amortization, which is recovered in revenue as a non-fuel rider and does not have an impact on net income, increased over 2004.", "The increase was partially offset by the changes in useful lives and net salvage rates approved by Minnesota regulators in August 2005.", "Depreciation and amortization expense for 2004 decreased by $21 million, or 2.9 percent, compared with 2003.", "The reduction is largely due to several regulatory decisions.", "In 2004, as a result of a Minnesota Public Utilities Commission (MPUC) order, NSP-Minnesota modified its decommissioning expense recognition, which served to reduce decommissioning accruals by approximately $18 million in 2004 compared with 2003.", "In addition, effective July 1, 2003, the Colorado Public Utilities Commission (CPUC) lengthened the depreciable lives of certain electric utility plant at PSCo as a part of the general Colorado rate case, reducing annual depreciation expense by $20 million.", "PSCo experienced the full impact of the annual reduction in 2004, resulting in a decrease in depreciation expense of $10 million for 2004 compared with 2003.", "These decreases were partially offset by plant additions.", "Contractual Obligations and Other Commitments — Xcel Energy has contractual obligations and other commitments that will need to be funded in the future, in addition to its capital expenditure programs.", "The following is a summarized table of contractual obligations and other commercial commitments at Dec.  31, 2007.", "See additional discussion in the consolidated statements of capitalization and Notes 4, 5, and 15 to the consolidated financial statements.", "| | Payments Due by Period|\n| | Total| Less than 1 Year| 1 to 3 Years| 4 to 5 Years| After 5 Years|\n| | (Thousands of Dollars) |\n|Long-term debt, principal and interest payments|$12,599,312|$1,065,530|$1,849,818|$1,760,489|$7,923,475|\n|Capital lease obligations|85,951|6,139|11,794|11,139|56,879|\n|Operating leases(a),(b)|1,439,346|104,557|200,000|161,743|973,046|\n|Unconditional purchase obligations|12,047,364|2,448,155|3,321,234|2,247,977|4,029,998|\n|Other long-term obligations — WYCO investment|121,000|108,000|13,000|—|—|\n|Other long-term obligations(c)|165,847|31,589|42,775|38,964|52,519|\n|Payments to vendors in process|145,059|145,059|—|—|—|\n|Short-term debt|1,088,560|1,088,560|—|—|—|\n|Total contractual cash obligations(d)|$27,692,439|$4,997,589|$5,438,621|$4,220,312|$13,035,917|\n", "(a) Under some leases, Xcel Energy would have to sell or purchase the property that it leases if it chose to terminate before the scheduled lease expiration date.", "Most of Xcel Energy’s railcar, vehicle and equipment and aircraft leases have these terms.", "At Dec.  31, 2006, the amount that Xcel Energy would have to pay if it chose to terminate these leases was approximately $176.8 million.", "In addition, at the end of the equipment leases’ terms, each lease must be extended, equipment purchased for the greater of the fair value or unamortized value or equipment sold to a third party with Xcel Energy making up any deficiency between the sales price and the unamortized value.", "(b) Included in operating lease payments are $76.6 million, $151.7 million, $124.5 million and $916.6 million, for the less than 1 year, 1-3 years, 4-5 years and after 5 years categories, respectively, pertaining to five purchase power agreements that were accounted for as operating leases.", "(c) Included in other long-term obligations are tax, penalties and interest related to unrecognized tax benefits recorded according to FIN 48.", "(d) Xcel Energy and its subsidiaries have contracts providing for the purchase and delivery of a significant portion of its current coal, nuclear fuel and natural gas requirements.", "Additionally, the utility subsidiaries of Xcel Energy have entered into agreements with utilities and other energy suppliers for purchased power to meet system load and energy requirements, replace generation from company-owned units under maintenance and during outages, and meet operating reserve obligations.", "Certain contractual purchase obligations are adjusted based on indices.", "The effects of price changes are mitigated through cost-of-energy adjustment mechanisms.", "(e) Xcel Energy also has outstanding authority under contracts and blanket purchase orders to purchase up to approximately $1.6 billion of goods and services through the year 2050, in addition to the amounts disclosed in this table and in the forecasted capital expenditures.", "Xcel Energy has also executed five additional purchase power agreements that are conditional upon achievement of certain conditions, including becoming operational.", "Estimated payments under these conditional obligations are $52.8 million, $165.7 million, $177.9 million and $1.7 billion, respectively, for the less than 1 year, 1-3 years, 4-5 years and after 5 years categories.", "Common Stock Dividends — Future dividend levels will be dependent on Xcel Energy’s results of operations, financial position, cash flows and other factors, and will be evaluated by the Xcel Energy board of directors.", "Xcel Energy’s objective is to increase the annual dividend in the range of 2 percent to 4 percent per year.", "Xcel Energy’s dividend policy balances: ?", "Projected cash generation from utility operations; ?", "Projected capital investment in the utility businesses; ?", "A reasonable rate of return on shareholder investment; and ?", "The impact on Xcel Energy’s capital structure and credit ratings.", "In addition, there are certain statutory limitations that could affect dividend levels.", "Federal law places certain limits on the ability of public utilities within a holding company system to declare dividends.", "Specifically, under the Federal Power Act, a public utility may not pay dividends from any funds properly included in a capital account.", "The cash to pay dividends to Xcel Energy shareholders is primarily derived from dividends received from its utility subsidiaries.", "The utility subsidiaries are generally limited in the amount of dividends allowed by state regulatory commissions to be paid to the holding company.", "The limitation is imposed through equity ratio limitations that range from 30 percent to 60 percent.", "Some utility subsidiaries must comply with bond indenture covenants or restrictions under credit agreements for debt to total capitalization ratios.", "Results of Operations The following table summarizes the diluted EPS for Xcel Energy and subsidiaries:"], "table_evidence": [50], "paragraph_evidence": [-1], "source": "multihiertt", "original_question_id": "925baee59589424285de9bbfd8af8d07"}
{"question": "What is the sum of Tier 1 capital of Standardized Approach for Bank of America Corporation in 2018 and Granted of Options in 2006? (in million)", "python_solution": "def solution():\n    # Define variables name and value\n    tier_1_capital_2018 = 189038\n    options_granted_2006 = 934000\n\n    # Do math calculation to get the answer\n    answer = tier_1_capital_2018 + options_granted_2006\n\n    return answer", "ground_truth": 1123038.0, "question_id": "simplong-testmini-58", "paragraphs": ["||Bank of America Corporation|Bank of America, N.A.|\n||Standardized Approach|Advanced Approaches|Regulatory Minimum-2|Standardized Approach|Advanced Approaches|Regulatory Minimum-3|\n|(Dollars in millions, except as noted)|December 31, 2018|\n|Risk-based capital metrics:|||||||\n|Common equity tier 1 capital|$167,272|$167,272||$149,824|$149,824||\n|Tier 1 capital|189,038|189,038||149,824|149,824||\n|Total capital-4|221,304|212,878||161,760|153,627||\n|Risk-weighted assets (in billions)|1,437|1,409||1,195|959||\n|Common equity tier 1 capital ratio|11.6%|11.9%|8.25%|12.5%|15.6%|6.5%|\n|Tier 1 capital ratio|13.2|13.4|9.75|12.5|15.6|8.0|\n|Total capital ratio|15.4|15.1|11.75|13.5|16.0|10.0|\n|Leverage-based metrics:|||||||\n|Adjusted quarterly average assets (in billions)(5)|$2,258|$2,258||$1,719|$1,719||\n|Tier 1 leverage ratio|8.4%|8.4%|4.0|8.7%|8.7%|5.0|\n|SLR leverage exposure (in billions)||$2,791|||$2,112||\n|SLR||6.8%|5.0||7.1%|6.0|\n||December 31, 2017|\n|Risk-based capital metrics:|||||||\n|Common equity tier 1 capital|$171,063|$171,063||$150,552|$150,552||\n|Tier 1 capital|191,496|191,496||150,552|150,552||\n|Total capital-4|227,427|218,529||163,243|154,675||\n|Risk-weighted assets (in billions)|1,434|1,449||1,201|1,007||\n|Common equity tier 1 capital ratio|11.9%|11.8%|7.25%|12.5%|14.9%|6.5%|\n|Tier 1 capital ratio|13.4|13.2|8.75|12.5|14.9|8.0|\n|Total capital ratio|15.9|15.1|10.75|13.6|15.4|10.0|\n|Leverage-based metrics:|||||||\n|Adjusted quarterly average assets (in billions)(5)|$2,224|$2,224||$1,672|$1,672||\n|Tier 1 leverage ratio|8.6%|8.6%|4.0|9.0%|9.0%|5.0|\n", "(1) Regulatory capital metrics at December 31, 2017 reflect Basel 3 transition provisions for regulatory capital adjustments and deductions, which were fully phased-in as of January 1, 2018.", "(2) The December 31, 2018 and 2017 amounts include a transition capital conservation buffer of 1.875 percent and 1.25 percent and a transition global systemically important bank surcharge of 1.875 percent and 1.5 percent.", "The countercyclical capital buffer for both periods is zero.", "(3) Percent required to meet guidelines to be considered “well capitalized” under the PCA framework.", "(4) Total capital under the Advanced approaches differs from the Standardized approach due to differences in the amount permitted in Tier 2 capital related to the qualifying allowance for credit losses.", "(5) Reflects adjusted average total assets for the three months ended December 31, 2018 and 2017.", "The capital adequacy rules issued by the U. S.  banking regulators require institutions to meet the established minimums outlined in the table above.", "Failure to meet the minimum requirements can lead to certain mandatory and discretionary actions by regulators that could have a material adverse impact on the Corporation’s financial position.", "At December 31, 2018 and 2017, the Corporation and its banking entity affiliates were “well capitalized.", "” Other Regulatory Matters The Federal Reserve requires the Corporation’s bank subsidiaries to maintain reserve requirements based on a percentage of certain deposit liabilities.", "The average daily reserve balance requirements, in excess of vault cash, maintained by the Corporation with the Federal Reserve Bank were $11.4 billion and $8.9 billion for 2018 and 2017.", "At December 31, 2018 and 2017, the Corporation had cash and cash equivalents in the amount of $5.8 billion and $4.1 billion, and securities with a fair value of $16.6 billion and $17.3 billion that were segregated in compliance with securities regulations.", "Cash held on deposit with the Federal Reserve Bank to meet reserve requirements and cash and cash equivalents segregated in compliance with securities regulations are components of restricted cash.", "For additional information, see Note 10 – Federal Funds Sold or Purchased, Securities Financing Agreements, Short-term Borrowings and Restricted Cash.", "In addition, at December 31, 2018 and 2017, the Corporation had cash deposited with clearing organizations of $8.1 billion and $11.9 billion primarily recorded in other assets on the Consolidated Balance Sheet.", "Bank Subsidiary Distributions The primary sources of funds for cash distributions by the Corporation to its shareholders are capital distributions received from its bank subsidiaries, BANA and Bank of America California, N. A.", "In 2018, the Corporation received dividends of $26.1 billion from BANA and $320 million from Bank of America California, N. A.", "In addition, Bank of America California, N. A.  returned capital of $1.4 billion to the Corporation in 2018.", "The amount of dividends that a subsidiary bank may declare in a calendar year without OCC approval is the subsidiary bank’s net profits for that year combined with its retained net profits for the preceding two years.", "Retained net profits, as defined by the OCC, consist of net income less dividends declared during the period.", "In 2019, BANA can declare and pay dividends of approximately $3.1 billion to the Corporation plus an additional amount equal to its retained net profits for 2019 up to the date of any such dividend declaration.", "Bank of America California, N. A.  can pay dividends of $40 million in 2019 plus an additional amount equal to its retained net profits for 2019 up to the date of any such dividend declaration.", "Investment Management Fees Investment management fees are generally calculated under contractual arrangements with our SIPs and the products for which we provide sub-advisory services as a percentage of the market value of AUM.", "Annual rates vary by investment objective and type of services provided.", "Rates for products sold outside of the U. S.  are generally higher than for U. S.  products because they are structured to compensate for certain distribution costs.", "Investment management fees decreased $856.1 million in fiscal year 2016 primarily due to a 14% decrease in average AUM and the impact of a lower effective fee rate.", "Investment management fees decreased $237.9 million in fiscal year 2015 primarily due to a 2% decrease in average AUM and the impact of a lower effective fee rate.", "The decrease in average AUM in fiscal year 2016 occurred in all sales regions and primarily in the global/international and hybrid investment objectives.", "The decrease in average AUM in fiscal year 2015 primarily occurred in the international sales regions and in the global/ international investment objectives, partially offset by slight increases in the other investment objectives.", "Our effective investment management fee rate (investment management fees divided by average AUM) was 59.7, 61.3 and 62.7 basis points for fiscal years 2016, 2015 and 2014.", "The rate decrease in fiscal year 2016 was primarily due to higher weightings of AUM in U. S.  products and in lower fee products in the global/international investment objectives in the Europe, Middle East and Africa and Asia-Pacific sales regions, partially offset by higher performance fees.", "The rate decrease in fiscal year 2015 was primarily due to higher weightings of AUM in U. S.  products and in lower fee products in the global/international investment objectives in the Europe, Middle East and Africa sales region, as well as lower performance fees.", "Performance-based investment management fees were $26.5 million, $19.8 million and $50.9 million for fiscal years 2016, 2015 and 2014.", "The higher fees in fiscal year 2014 were primarily related to fund of hedge funds products.", "U. S.  industry asset-weighted average management fee rates were as follows1 :", "|(in basis points)|Industry Average|\n|for the fiscal years ended September 30,|2016|2015|2014|\n|Equity||||\n|Global/international|53|55|58|\n|United States|37|39|41|\n|Hybrid|50|52|53|\n|Fixed Income||||\n|Tax-free|35|35|35|\n|Taxable||||\n|Global/international2|43|46|55|\n|United States|33|35|37|\n|Cash Management|10|9|11|\n", "1 U. S.  industry asset-weighted average management fee rates were calculated using information available from Lipper, a Thomson Reuters Company, as of September 30, 2016, 2015 and 2014 and include all U. S. -registered open-end funds that reported expense data to Lipper as of the funds’most recent annual report date, and for which expenses were equal to or greater than zero.", "As defined by Lipper, management fees include fees from providing advisory and fund administration services.", "The averages combine retail and institutional funds data and include all share classes and distribution channels, without exception.", "Variable annuity and fund of fund products are not included.2 The decreases in the average rate in fiscal years 2016 and 2015 reflect lower weightings of two large higher fee funds and higher weightings of a large low fee fund.", "Our actual effective investment management fee rates are generally higher than the U. S.  industry average rates as we actively manage our products and have a higher level of international AUM, both of which generate higher fees.", "Changes to our effective investment management fee rates in the U. S.  have not varied significantly from changes in industry rates.", "Our product offerings and global operations are diverse.", "As such, the impact of future changes in the market value of AUM on investment management fees will be affected by the relative mix of investment objective, geographic region, distribution channel and investment vehicle of the assets.", "Greensboro, we have two office buildings (leased), a six-inch wafer production facility (owned), a R&D and prototyping facility (leased) and other leased office space.", "In Greensboro, we also have a previously idled production facility (leased) that has been reconfigured to perform certain manufacturing operations.", "In Hillsboro, we have a single facility (owned) that includes office space and a wafer fabrication facility.", "We also have wafer fabrication facilities in Richardson, Texas (owned), Apopka, Florida (owned) and Bend, Oregon (leased).", "In the first quarter of fiscal 2017, we acquired an additional wafer fabrication facility in Farmers Branch, Texas, which we currently plan to use to expand our BAW filter capacity.", "We have assembly and test facilities located in Beijing, China (the building is owned and we hold a land-use right for the land), where we assemble and test modules.", "During fiscal 2016, we brought a new assembly and test facility in Dezhou, China on-line (the equipment is owned and we lease the land and building).", "We operate a filter assembly and test facility in San Jose, Costa Rica (owned).", "In Broomfield, Colorado (leased), Brooksville, Florida (owned), Richardson, Texas (owned), and the Philippines (leased), we have assembly and test sites for highly customized modules and products, including modules and products that support our aerospace and defense business.", "We also have a facility capable of supporting a variety of packaging and test technologies in Nuremberg, Germany (leased).", "We lease space for our design centers in Chandler, Arizona; Newberry Park, San Jose, Torrance, California; Broomfield, Colorado; Hiawatha, Iowa; Chelmsford, Massachusetts; High Point, North Carolina; Tokyo, Japan; Shanghai, China; Utrecht, The Netherlands; Zele, Belgium; Munich, Germany; N?rresundby, Denmark; and Colomiers, France.", "In addition, we lease space for sales and customer support centers in Beijing, Shanghai, and Shenzhen, China; Hong Kong; Reading, England; Bangalore, India; Tokyo, Japan; Seoul, South Korea; Singapore; and Taipei, Taiwan.", "We believe our properties have been well-maintained, are in sound operating condition and contain all equipment and facilities necessary to operate at present levels.", "We believe all of our facilities are suitable and adequate for our present purposes.", "We do not identify or allocate assets by operating segment.", "For information on net property, plant and equipment by country, see Note 15 of the Notes to the Consolidated Financial Statements in Part II, Item 8 of this report.", "ITEM 3.", "LEGAL PROCEEDINGS.", "See the information under the heading “Legal Matters” in Note 9 of the Notes to the Consolidated Financial Statements set forth in Part II, Item 8 of this report.", "ITEM 4.", "MINE SAFETY DISCLOSURES.", "Not Applicable.", "PART II ITEM 5.", "MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.", "Our common stock is traded on the NASDAQ Global Select Market under the symbol “QRVO.", "” The table below shows the high and low sales prices of our common stock from the date of the Business Combination through the end of our fiscal year, as reported by The NASDAQ Stock Market LLC.", "As of May 13, 2016, there were 799 holders of record of our common stock.", "This number does not include the beneficial owners of unexchanged stock certificates related to the Business Combination or the additional beneficial owners of our common stock who held their shares in street name as of that date.", "||High|Low|\n|Fiscal Year Ended April 2, 2016|||\n|First Quarter|$88.35|$65.44|\n|Second Quarter|82.25|42.24|\n|Third Quarter|60.00|42.67|\n|Fourth Quarter|51.95|33.30|\n|Fiscal Year Ended March 28, 2015|High|Low|\n|Fourth Quarter|$85.63|$63.02|\n", "We have never declared or paid cash dividends on our common stock.", "Although we currently intend to retain our earnings for use in our business, our future dividend policy with respect to our common stock may change and will depend on our earnings, capital requirements, debt covenants and other factors deemed relevant by our Board of Directors.", "PREFERRED STOCK PURCHASE RIGHTS Each outstanding share of common stock has one half of a share purchase right.", "Each purchase right may be exercised to purchase one two-hundredth of a share of Series A Junior Participating Preferred Stock at an exercise price of $220.00, subject to adjustment.", "The rights, which do not have voting rights, expire on March 10, 2016, and may be redeemed by the Company at a price of $0.01 per right at any time prior to the tenth day following the public announcement that a person has acquired beneficial ownership of 15% or more of the outstanding shares of common stock.", "In the event that the Company is acquired in a merger or other business combination transaction, provision shall be made so that each holder of a right (other than a holder who is a 14.9%-or-more shareowner) shall have the right to receive, upon exercise thereof, that number of shares of common stock of the surviving Company having a market value equal to two times the exercise price of the right.", "Similarly, if anyone becomes the beneficial owner of more than 15% of the then outstanding shares of common stock (except pursuant to an offer for all outstanding shares of common stock which the independent directors have deemed to be fair and in the best interest of the Company), provi\u0002sion will be made so that each holder of a right (other than a holder who is a 14.9%-or-more shareowner) shall thereafter have the right to receive, upon exercise thereof, common stock (or, in certain circumstances, cash, property or other securities of the Company) having a market value equal to two times the exercise price of the right.", "At December 29, 2007 there were 40,189,394 outstanding rights.", "There are 250,000 shares of Series A Junior Participating Preferred Stock reserved for issuance in connection with the rights.", "STOCK-BASED COMPENSATION PLANS The Company has stock\u0002based compensation plans for salaried employees and non-employee members of the Board of Directors.", "The plans provide for discretionary grants of stock options, restricted stock units, and other stock-based awards.", "The plans are generally administered by the Compensation and Organization Committee of the Board of Directors, consisting of non-employee directors.", "Stock Options Stock options are granted at the fair market value of the Company’s stock on the date of grant and have a 10 year term.", "Generally, stock option grants vest ratably between one and four years from the date of grant.", "The expense for stock options granted to retirement eligible employees (those aged 55 and over and with 10 or more years of service) is recognized by the date they became retirement eligible, or on the date of grant if they are already retirement eligible, as such employees may retain their options for the 10 year contractual term in the event they retire prior to the end of the vesting period stipulated in the grant.", "The following describes how certain assumptions affecting the estimated fair value of stock options are determined: the dividend yield is computed as the annualized dividend rate at the date of grant divided by the strike price of the stock option; expected volatility is based on an average of the market implied volatility and historical volatility for the 5 year expected life; the risk-free interest rate is based on U. S.  Treasury securities with maturities equal to the expected life of the option; and an eight percent forfeiture rate is assumed.", "The Company uses historical data in order to estimate exercise, termination and holding period behavior for valuation purposes.", "The number of stock options and weighted-average exercise prices follows:", "||2007|2006|2005|\n||Options|Price|Options|Price|Options|Price|\n|Outstanding, beginning of year|8,456,508|$36.31|9,559,604|$34.06|10,507,908|$32.46|\n|Granted|743,000|53.11|934,000|50.44|795,000|47.22|\n|Exercised|-1,820,355|36.10|-1,817,695|31.44|-1,229,350|28.89|\n|Forfeited|-325,254|42.99|-219,401|37.71|-513,954|33.60|\n|Outstanding, end of year|7,053,899|$37.83|8,456,508|$36.31|9,559,604|$34.06|\n|Exercisable, end of year|5,114,357|$33.46|5,619,112|$32.88|6,259,563|$31.28|\n", "At December 29, 2007, the range of exercise prices on outstanding stock options was $19.34 to $63.04.", "Stock option expense was $8.6 million and $8.2 million for the years ended December 29, 2007 and December 30, 2006, respectively.", "No stock option expense was recognized in the year ended December 31, 2005 because under APB 25, no compensation cost was recognized for stock options when the quoted market price of the stock at the grant date was equal to the amount per share the employee had to pay to acquire the stock after fulfilling the vesting period.", "The fair value of each stock option grant was estimated on the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions used for grants in 2007, 2006 and 2005, respectively: dividend yield of 2.4%, 2.4% and 2.4%; expected volatility of 28%, 26%, 27%; and risk-free interest rates of 3.6%, 4.2%, 4.4%.", "An expected life of 5 years was used in each period and a weighted average vesting period of 2.5 years in 2007, 2.3 years in 2006 and 2.5 years in 2005.", "The weighted average fair value of stock options granted in 2007, 2006 and 2005 was $12.15, $12.03, and $11.44, respectively.", "At December 29, 2007, the Company had $15.6 million of unrecognized pre\u0002tax compensation expense for stock options.", "This expense will be recog\u0002nized over the remaining vesting periods which are 1.6 years on a weighted average basis.", "For 2007, the Company received $65.7 million in cash from the exercise of stock options.", "The related tax benefit from the exercise of these options is $16.5 mil\u0002lion.", "During 2007, 2006 and 2005 the total intrinsic value of options exercised was $37.9 million, $35.5 million and $23.3 million, respectively.", "When options are exercised, the related shares are issued from treasury stock.", "SFAS 123R requires the benefit arising from tax deductions in excess of recognized compensation cost to be classified as a financing cash flow rather than as an operating cash flow as all such tax benefits were clas\u0002sified under earlier accounting guidance.", "To quantify the recognized com\u0002pensation cost on which the excess tax benefit is computed, both actual compensation expense recorded following the adoption of SFAS 123R on"], "table_evidence": [0, 92], "paragraph_evidence": [91], "source": "multihiertt", "original_question_id": "a4e475bf0b08459d8c5ee3f3d2786a19"}
{"question": "What is the sum of Home equity in 2011 and Operating lease obligations for Total? (in million)", "python_solution": "def solution():\n    # Define variables name and value\n    home_equity_2011 = 2057.7\n    operating_lease_obligations_total = 1494\n    \n    # Do math calculation to get the answer\n    answer = home_equity_2011 + operating_lease_obligations_total\n    \n    return answer", "ground_truth": 3551.7, "question_id": "simplong-testmini-59", "paragraphs": ["existing short-term and long-term commitments and plans, and also to provide adequate financial flexibility to take advantage of potential strategic business opportunities should they arise within the next year.", "However, there can be no assurance of the cost or availability of future borrowings, if any, under our commercial paper program, in the debt markets or our credit facilities.", "At December 31, 2016 and 2015, our pension plans were $20.1 billion and $17.9 billion underfunded as measured under GAAP.", "On an Employee Retirement Income Security Act (ERISA) basis our plans are more than 100% funded at December 31, 2016 with minimal required contributions in 2017.", "We expect to make contributions to our plans of approximately $0.5 billion in 2017.", "We may be required to make higher contributions to our pension plans in future years.", "At December 31, 2016, we were in compliance with the covenants for our debt and credit facilities.", "The most restrictive covenants include a limitation on mortgage debt and sale and leaseback transactions as a percentage of consolidated net tangible assets (as defined in the credit agreements), and a limitation on consolidated debt as a percentage of total capital (as defined).", "When considering debt covenants, we continue to have substantial borrowing capacity.", "Contractual Obligations The following table summarizes our known obligations to make future payments pursuant to certain contracts as of December 31, 2016, and the estimated timing thereof.", "|(Dollars in millions)|Total|Lessthan 1year|1-3years|3-5years|After 5years|\n|Long-term debt (including current portion)|$9,945|$327|$1,911|$1,840|$5,867|\n|Interest on debt-1|5,656|459|872|691|3,634|\n|Pension and other postretirement cash requirements|15,476|779|3,412|3,969|7,316|\n|Capital lease obligations|144|60|64|13|7|\n|Operating lease obligations|1,494|239|400|235|620|\n|Purchase obligations not recorded on the Consolidated Statements of Financial Position|107,564|38,458|31,381|20,478|17,247|\n|Purchase obligations recorded on the Consolidated Statements of Financial Position|17,415|16,652|746|3|14|\n|Total contractual obligations-2|$157,694|$56,974|$38,786|$27,229|$34,705|\n", "(1) Includes interest on variable rate debt calculated based on interest rates at December 31, 2016.", "Variable rate debt was 3% of our total debt at December 31, 2016.", "(2) Excludes income tax matters.", "As of December 31, 2016, our net liability for income taxes payable, including uncertain tax positions of $1,557 million, was $1,169 million.", "For further discussion of income taxes, see Note 4 to our Consolidated Financial Statements.", "We are not able to reasonably estimate the timing of future cash flows related to uncertain tax positions.", "Pension and Other Postretirement Benefits Pension cash requirements are based on an estimate of our minimum funding requirements, pursuant to ERISA regulations, although we may make additional discretionary contributions.", "Estimates of other postretirement benefits are based on both our estimated future benefit payments and the estimated contributions to plans that are funded through trusts.", "Purchase Obligations Purchase obligations represent contractual agreements to purchase goods or services that are legally binding; specify a fixed, minimum or range of quantities; specify a fixed, minimum, variable, or indexed price provision; and specify approximate timing of the transaction.", "Purchase obligations include amounts recorded as well as amounts that are not recorded on the Consolidated Statements of Financial Position.", "2007: The gain from asset sales relates to the sale of the Corporation’s interests in the Scott and Telford fields in the United Kingdom North Sea.", "The charge for asset impairments relates to two mature fields also in the United Kingdom North Sea.", "The estimated production imbalance settlements represent a charge for adjustments to prior meter readings at two offshore fields, which are recorded as a reduction of sales and other operating revenues.2006: The gains from asset sales relate to the sale of certain United States oil and gas producing properties located in the Permian Basin in Texas and New Mexico and onshore Gulf Coast.", "The accrued office closing cost relates to vacated leased office space in the United Kingdom.", "The related expenses are reflected principally in general and administrative expenses.", "The income tax adjustment represents a one-time adjustment to the Corporation’s deferred tax liability resulting from an increase in the supplementary tax on petroleum operations in the United Kingdom from 10% to 20%.", "The Corporation’s future Exploration and Production earnings may be impacted by external factors, such as political risk, volatility in the selling prices of crude oil and natural gas, reserve and production changes, industry cost inflation, exploration expenses, the effects of weather and changes in foreign exchange and income tax rates.", "Marketing and Refining Earnings from Marketing and Refining activities amounted to $277 million in 2008, $300 million in 2007 and $394 million in 2006.", "After considering the liquidation of LIFO inventories reflected in the table on page 21 and discussed below, the earnings were $277 million, $276 million and $394 million, respectively.", "Refining: Refining earnings, which consist of the Corporation’s share of HOVENSA’s results, Port Reading earnings, interest income on a note receivable from PDVSA and results of other miscellaneous operating activities, were $73 million in 2008, $193 million in 2007, and $240 million in 2006.", "The Corporation’s share of HOVENSA’s net income was $27 million ($44 million before income taxes) in 2008, $108 million ($176 million before income taxes) in 2007 and $124 million ($201 million before income taxes) in 2006.", "The lower earnings in 2008 and 2007, compared with the respective prior years, were principally due to lower refining margins.", "The 2008 utilization rate for the fluid catalytic cracking unit at HOVENSA reflects lower utilization due to weak refining margins, planned and unplanned maintenance of certain units, and a refinery wide shut down for Hurricane Omar.", "In 2007, the coker unit at HOVENSAwas shutdown for approximately 30 days for a scheduled turnaround.", "Certain related processing units were also included in this turnaround.", "In 2006, the fluid catalytic cracking unit at HOVENSA was shutdown for approximately 22 days of unscheduled maintenance.", "Cash distributions received by the Corporation from HOVENSA were $50 million in 2008, $300 million in 2007 and $400 million in 2006.", "Pre-tax interest income on the PDVSA note was $4 million, $9 million and $15 million in 2008, 2007 and 2006, respectively.", "Interest income is reflected in other income in the income statement.", "At December 31, 2008, the remaining balance of the PDVSA note was $15 million, which was fully repaid in February 2009.", "Port Reading and other after-tax refining earnings were $43 million in 2008, $79 million in 2007 and $107 million in 2006, also reflecting lower refining margins.", "The following table summarizes refinery utilization rates:", "||| Refinery Utilization|\n|| 2008| 2007| 2006|\n|HOVENSA||||||\n|Crude|500|| 88.2%|90.8%|89.7%|\n|Fluid catalytic cracker|150|| 72.7%|87.1%|84.3%|\n|Coker|58|| 92.4%|83.4%|84.3%|\n|Port Reading|70|*| 90.7%|93.2%|97.4%|\n", "* Refinery utilization in 2007 and 2006 is based on capacity of 65 thousand barrels per day", "Lending Activities People’s United Financial conducts its lending activities principally through its Commercial Banking and Retail and Business Banking operating segments.", "People’s United Financial’s lending activities consist of originating loans secured by commercial and residential properties, and extending secured and unsecured loans to commercial and consumer customers.", "Total loans increased $2.65 billion in 2013 compared to 2012 and increased $1.35 billion in 2012 compared to 2011.", "People’s United Financial acquired loans with fair values of $1.87 billion in 2011 and $3.49 billion in 2010.", "Loans acquired in connection with business combinations beginning in 2010 are referred to as ‘acquired’ loans as a result of the manner in which they are accounted for (see further discussion under ‘Acquired Loans’ in Note 1 to the Consolidated Financial Statements).", "All other loans are referred to as ‘originated’ loans.", "At December 31, 2013 and 2012, the carrying amount of the acquired loan portfolio totaled $1.53 billion and $2.24 billion, respectively.", "The following table summarizes the loan portfolio before deducting the allowance for loan losses:", "|As of December 31 (in millions)|2013|2012|2011|2010|2009|\n|Commercial Banking:||||||\n|Commercial real estate -1|$8,921.6|$7,294.2|$7,172.2|$7,306.3|$5,399.4|\n|Commercial and industrial -1|6,302.1|6,047.7|5,352.6|3,095.6|2,805.7|\n|Equipment financing|2,593.1|2,352.3|2,014.2|2,095.4|1,236.8|\n|Total Commercial Banking|17,816.8|15,694.2|14,539.0|12,497.3|9,441.9|\n|Retail:||||||\n|Residential mortgage:||||||\n|Adjustable-rate|3,895.3|3,335.2|2,947.7|2,117.9|2,230.2|\n|Fixed-rate|521.3|550.9|680.7|529.6|182.4|\n|Total residential mortgage|4,416.6|3,886.1|3,628.4|2,647.5|2,412.6|\n|Consumer:||||||\n|Home equity|2,084.6|2,051.5|2,057.7|1,976.8|1,986.3|\n|Other consumer|72.3|104.8|159.7|201.1|258.7|\n|Total consumer|2,156.9|2,156.3|2,217.4|2,177.9|2,245.0|\n|Total Retail|6,573.5|6,042.4|5,845.8|4,825.4|4,657.6|\n|Total loans|$24,390.3|$21,736.6|$20,384.8|$17,322.7|$14,099.5|\n", "(1) Following the Company’s 2010 acquisitions and core system conversion, the Company undertook a portfolio review to ensure consistent classification of commercial loans in an effort to align policy across the Company’s expanded franchise and better conform to industry practice for such loans.", "As a result, approximately $875 million of loans secured, in part, by owner-occupied commercial properties were reclassified from commercial real estate loans to commercial and industrial loans as of March 31, 2011.", "The primary collateral for these loans generally consists of the borrower’s general business assets (i. e.  non-real estate collateral) and the loans were underwritten principally on the basis of the adequacy of business cash flows.", "This reclassification is being applied prospectively as it was deemed impracticable to do so for prior periods due to the fact that the underlying loan information is no longer available as it previously resided on legacy loan systems that are no longer utilized or supported following the Company’s core system conversion.", "shipment volumes.", "Plywood prices increased from 2006, providing a partial offset to the lower prices realized for OSB.", "– The contribution from engineered I-joists and engineered solid section declined $180 million – about 50 percent from lower price realizations and 50 percent from reduced shipment volumes.", "– The contribution from sales of other building products declined approximately $40 million primarily as a result of reduced shipment volumes due to the decline in demand.", "?The net effect of legal settlements adversely affected the segment by $483 million.2007 included $21 million of charges for legal settlements.2006 included income of $462 million, including: – $344 million of income from refunds of countervailing and anti-dumping deposits relating to the softwood lumber dispute between the U. S.  and Canada, – $95 million of income from a reversal of the reserve for alder antitrust litigation and – $23 million of income from a reduction in the reserve for hardboard siding claims.", "?Charges resulting from the closure or sale of various manu\u0002facturing facilities and distribution locations.", "?Gains on the sale of operations declined by $51 million as 2006 included the sale of the North American composite panel operations and 2007 had no comparable activity.", "These decreases were partially offset by lower raw material, manufacturing, and selling and general administrative costs, which increased the contribution to earnings by approximately $290 million.", "OUR OUTLOOK The segment recognized a fourth-quarter loss of $960 million, which included $761 million of charges for asset impairments, closures and restructuring activities.", "The operating results reflected significantly lower prices for lumber and oriented strand board and reduced sales volumes as a result of the continued decline in the housing market.", "We expect challenging housing market conditions to continue into the first quarter 2009 and expect first-quarter results for the segment to be comparable to the fourth quarter of 2008, excluding asset impairment, closure and restructuring charges.", "CELLULOSE FIBERS HOW WE DID IN 2008 We report sales volume and annual production data for our Cellulose Fibers business segment in Our Business/What We Do/Cellulose Fibers.", "Here is a comparison of net sales and revenues and con\u0002tribution to earnings for the last three years: Net Sales and Revenues and Contribution to Earnings for Cellulose Fibers"], "table_evidence": [10, 53], "paragraph_evidence": [9, 52, 54], "source": "multihiertt", "original_question_id": "637e8f8102ea4f96b8d02eb850c1050b"}
{"question": "What was the total amount of the adjusted profit in the years / sections where profit of profit before taxes is greater than 5000? (in million)", "python_solution": "def solution():\n    # Define variables name and value\n    profit_before_taxes_2018 = 7822\n    profit_before_taxes_2017 = 0\n    restructuring_costs_2018 = 386\n    mark_to_market_losses_2018 = 495\n    \n    # Do math calculation to get the answer\n    answer = (profit_before_taxes_2018 + restructuring_costs_2018) + (profit_before_taxes_2017 + mark_to_market_losses_2018)\n    \n    return answer\n\nprint(solution())", "ground_truth": 8703.0, "question_id": "simplong-testmini-60", "paragraphs": ["ITEM 7.", "Management’s Discussion and Analysis of Financial Condition and Results of Operations.", "This Management’s Discussion and Analysis of Financial Condition and Results of Operations should be read in conjunction with our discussion of cautionary statements and significant risks to the company’s business under Item 1A.", "Risk Factors of the 2018 Form?10-K.  OVERVIEW Our sales and revenues for 2018 were $54.722 billion, a 20?percent increase from 2017 sales and revenues of $45.462?billion.", "The increase was primarily due to higher sales volume, mostly due to improved demand across all regions and across the three primary segments.", "Profit per share for 2018 was $10.26, compared to profit per share of $1.26 in 2017.", "Profit was $6.147 billion in 2018, compared with $754 million in 2017.", "The increase was primarily due to lower tax expense, higher sales volume, decreased restructuring costs and improved price realization.", "The increase was partially offset by higher manufacturing costs and selling, general and administrative (SG&A) and research and development (R&D) expenses and lower profit from the Financial Products Segment.", "Fourth-quarter 2018 sales and revenues were $14.342 billion, up $1.446 billion, or 11 percent, from $12.896 billion in the fourth quarter of 2017.", "Fourth-quarter 2018 profit was $1.78 per share, compared with a loss of $2.18 per share in the fourth quarter of 2017.", "Fourth-quarter 2018 profit was $1.048 billion, compared with a loss of $1.299 billion in 2017.", "Highlights for 2018 include: z Sales and revenues in 2018 were $54.722 billion, up 20?percent from 2017.", "Sales improved in all regions and across the three primary segments.", "z Operating profit as a percent of sales and revenues was 15.2?percent in 2018, compared with 9.8 percent in 2017.", "Adjusted operating profit margin was 15.9 percent in 2018, compared with 12.5 percent in 2017.  z Profit was $10.26 per share for 2018, and excluding the items in the table below, adjusted profit per share was $11.22.", "For 2017 profit was $1.26 per share, and excluding the items in the table below, adjusted profit per share was $6.88.  z In order for our results to be more meaningful to our readers, we have separately quantified the impact of several significant items:", "||Full Year 2018|Full Year 2017|\n|(Millions of dollars)|Profit Before Taxes|ProfitPer Share|Profit Before Taxes|ProfitPer Share|\n|Profit|$7,822|$10.26|$4,082|$1.26|\n|Restructuring costs|386|0.50|1,256|1.68|\n|Mark-to-market losses|495|0.64|301|0.26|\n|Deferred tax valuation allowance adjustments|—|-0.01|—|-0.18|\n|U.S. tax reform impact|—|-0.17|—|3.95|\n|Gain on sale of equity investment|—|—|-85|-0.09|\n|Adjusted profit|$8,703|$11.22|$5,554|$6.88|\n", "z Machinery, Energy & Transportation (ME&T) operating cash flow for 2018 was about $6.3 billion, more than sufficient to cover capital expenditures and dividends.", "ME&T operating cash flow for 2017 was about $5.5 billion.", "Restructuring Costs In recent years, we have incurred substantial restructuring costs to achieve a flexible and competitive cost structure.", "During 2018, we incurred $386 million of restructuring costs related to restructuring actions across the company.", "During 2017, we incurred $1.256 billion of restructuring costs with about half related to the closure of the facility in Gosselies, Belgium, and the remainder related to other restructuring actions across the company.", "Although we expect restructuring to continue as part of ongoing business activities, restructuring costs should be lower in 2019 than 2018.", "Notes: z Glossary of terms included on pages 33-34; first occurrence of terms shown in bold italics.", "z Information on non-GAAP financial measures is included on pages 42-43.", "Recognition of finance revenue and rental revenue is suspended and the account is placed on non-accrual status when management determines that collection of future income is not probable (generally after 120 days past due).", "Recognition is resumed, and previously suspended income is recognized, when the account becomes current and collection of remaining amounts is considered probable.", "See Note 7 for more information.", "Revenues are presented net of sales and other related taxes.3.", "Stock-Based Compensation Our stock-based compensation plans primarily provide for the granting of stock options, stock-settled stock appreciation rights (SARs), restricted stock units (RSUs) and performance-based restricted stock units (PRSUs) to Officers and other key employees, as well as non-employee Directors.", "Stock options permit a holder to buy Caterpillar stock at the stock’s price when the option was granted.", "SARs permit a holder the right to receive the value in shares of the appreciation in Caterpillar stock that occurred from the date the right was granted up to the date of exercise.", "RSUs are agreements to issue shares of Caterpillar stock at the time of vesting.", "PRSUs are similar to RSUs and include performance conditions in the vesting terms of the award.", "Our long-standing practices and policies specify that all stock\u0002based compensation awards are approved by the Compensation Committee (the Committee) of the Board of Directors.", "The award approval process specifies the grant date, value and terms of the award.", "The same terms and conditions are consistently applied to all employee grants, including Officers.", "The Committee approves all individual Officer grants.", "The number of stock-based compensation award units included in an individual’s award is determined based on the methodology approved by the Committee.", "The exercise price methodology?approved by the Committee is the closing price of the Company stock on the date of the grant.", "In June of 2014, shareholders approved the Caterpillar Inc.  2014 Long-Term Incentive Plan (the Plan) under which all new stock-based compensation awards are granted.", "In June of 2017, the Plan was amended and restated.", "The Plan initially provided that up to 38,800,000 Common Shares would be reserved for future issuance under the Plan, subject to adjustment in certain events.", "Subsequent to the shareholder approval of the amendment and restatement of the Plan, an additional 36,000,000 Common Shares became available for all awards under the Plan.", "Common stock issued from Treasury stock under the plans totaled 5,590,641 for 2018, 11,139,748 for 2017 and 4,164,134 for 2016.", "The total number of shares authorized for equity awards under the amended and restated Caterpillar Inc.  2014 Long-Term Incentive Plan is 74,800,000, of which 44,139,162 shares remained available for issuance as of December?31,?2018.", "Stock option and RSU awards generally vest according to a three\u0002year graded vesting schedule.", "One-third of the award will become vested on the first anniversary of the grant date, one-third of the award will become vested on the second anniversary of the grant date and one-third of the award will become vested on the third anniversary of the grant date.", "PRSU awards generally have a three\u0002year performance period and cliff vest at the end of the period based upon achievement of performance targets established at the time of grant.", "Upon separation from service, if the participant is 55 years of age or older with more than five years of service, the participant meets the criteria for a “Long Service Separation.", "” Award terms for awards granted in 2016 allow for immediate vesting upon separation of all outstanding options and RSUs with no requisite service period for employees who meet the criteria for a “Long Service Separation.", "” Compensation expense for the 2016 grant was fully recognized immediately on the grant date for these employees.", "Award terms for the 2018 and 2017 grants allow for continued vesting as of each vesting date specified in the award document for employees who meet the criteria for a “Long Service Separation” and fulfill a requisite service period of six months.", "Compensation expense for eligible employees for the 2018 and 2017 grants was recognized over the period from the grant date to the end date of the six-month requisite service period.", "For employees who become eligible for a “Long Service Separation” subsequent to the end date of the six-month requisite service period and prior to the completion of the vesting period, compensation expense is recognized over the period from the grant date to the date eligibility is achieved.", "At grant, SARs and option awards have a term life of ten years.", "For awards granted prior to 2016, if the “Long Service Separation” criteria are met, the vested options/SARs have a life that is the lesser of ten years from the original grant date or five years from the separation date.", "For awards granted in 2018, 2017, and 2016, the vested options have a life equal to ten years from the original grant date.", "Prior to 2017, all outstanding PRSU awards granted to employees eligible for a “Long Service Separation” may vest at the end of the performance period based upon achievement of the performance target.", "Compensation expense for the 2016 PRSU grant was fully recognized immediately on the grant date for these employees.", "For PRSU awards granted in 2018 and 2017, only a prorated number of shares may vest at the end of the performance period based upon achievement of the performance target, with the proration based upon the number of months of continuous employment during the three-year performance period.", "Employees with a “Long Service Separation” must also fulfill a six-month requisite service period in order to be eligible for the prorated vesting of outstanding PRSU awards granted in 2018 and 2017.", "Compensation expense for the 2018 and 2017 PRSU grants is being recognized on a straight-line basis over the three-year performance period for all participants.", "Accounting guidance on share-based payments requires companies to estimate the fair value of options/SARs on the date of grant using an option-pricing model.", "The fair value of our option/SAR grants was estimated using a lattice-based option-pricing model.", "The lattice\u0002based option-pricing model considers a range of assumptions related to volatility, risk-free interest rate and historical employee behavior.", "Expected volatility was based on historical Caterpillar stock price movement and current implied volatilities from traded options on Caterpillar stock.", "The risk-free interest rate was based on U. S.  Treasury security yields at the time of grant.", "The weighted-average dividend yield was based on historical information.", "The expected life was determined from the lattice-based model.", "The lattice\u0002based model incorporated exercise and post vesting forfeiture assumptions based on analysis of historical data.", "The following table provides the assumptions used in determining the fair value of the Option/SAR awards for the years ended December?31, 2018, 2017 and 2016, respectively.", "||Grant Year|\n||2018|2017|2016|\n|Weighted-average dividend yield|2.7%|3.4%|3.2%|\n|Weighted-average volatility|30.2%|29.2%|31.1%|\n|Range of volatilities|21.5-33.0%|22.1-33.0%|22.5-33.4%|\n|Range of risk-free interest rates|2.02-2.87%|0.81-2.35%|0.62-1.73%|\n|Weighted-average expected lives|8 years|8 years|8 years|\n"], "table_evidence": [17], "paragraph_evidence": [16], "source": "multihiertt", "original_question_id": "dcdd02ea33e744768a413fae0568f25a"}
{"question": "In the year with largest amount of Management and financial advice fees, what's the sum of Distribution fees and Net investment income? (in million)", "python_solution": "def solution():\n    # Define variables name and value\n    distribution_fees = 91\n    net_investment_income = 439\n    \n    # Do math calculation to get the answer\n    answer = distribution_fees + net_investment_income\n    \n    return answer", "ground_truth": 530.0, "question_id": "simplong-testmini-61", "paragraphs": ["Protection The following table presents the results of operations of our Protection segment on an operating basis:", "||Years Ended December 31,|||\n||2013|2012|Change|\n||(in millions)||\n|Revenues|||||\n|Management and financial advice fees|$58|$55|$3|5%|\n|Distribution fees|91|91|—|—|\n|Net investment income|439|429|10|2|\n|Premiums|1,188|1,121|67|6|\n|Other revenues|410|392|18|5|\n|Total revenues|2,186|2,088|98|5|\n|Banking and deposit interest expense|—|1|-1|—|\n|Total net revenues|2,186|2,087|99|5|\n|Expenses|||||\n|Distribution expenses|62|53|9|17|\n|Interest credited to fixed accounts|145|143|2|1|\n|Benefits, claims, losses and settlement expenses|1,252|1,146|106|9|\n|Amortization of deferred acquisition costs|118|110|8|7|\n|Interest and debt expense|25|24|1|4|\n|General and administrative expense|248|238|10|4|\n|Total expenses|1,850|1,714|136|8|\n|Operating earnings|$336|$373|$-37|-10%|\n", "Our Protection segment pretax operating income, which excludes net realized gains or losses and the market impact on indexed universal life benefits (net of hedges and the related DAC amortization, unearned revenue amortization and the reinsurance accrual), decreased $37 million, or 10%, to $336 million for the year ended December 31, 2013 compared to $373 million for the prior year reflecting lower auto and home earnings.", "Net Revenues Net revenues, which exclude net realized gains or losses and the unearned revenue amortization and the reinsurance accrual offset to the market impact on indexed universal life benefits, increased $99 million, or 5%, to $2.2 billion for the year ended December 31, 2013 compared to $2.1 billion for the prior year primarily due to the impact of unlocking and growth in auto and home premiums, as well as an increase in net investment income.", "Net investment income, which excludes net realized gains or losses, increased $10 million, or 2%, to $439 million for the year ended December 31, 2013 compared to $429 million for the prior year due to an increase in investment income on fixed maturities driven by higher average invested assets for life and health.", "Premiums increased $67 million, or 6%, to $1.2 billion for the year ended December 31, 2013 compared to $1.1 billion for the prior year primarily due to growth in auto and home premiums driven by new policy sales growth across market segments, primarily from our affinity relationships with Costco and Progressive.", "Auto and home policy counts increased 11% year-over-year.", "Other revenues increased $18 million, or 5%, to $410 million for the year ended December 31, 2013 compared to $392 million for the prior year primarily due to an $18 million unfavorable impact from unlocking for the year ended December 31, 2013 compared to a $41 million unfavorable impact in the prior year.", "The primary driver of the unlocking impact to other revenues in both periods was lower projected gains on reinsurance contracts resulting from favorable mortality experience.", "Expenses Total expenses, which exclude the market impact on indexed universal life benefits (net of hedges and the related DAC amortization), increased $136 million, or 8%, to $1.9 billion for the year ended December 31, 2013 compared to $1.7 billion for the prior year primarily due to an increase in benefits, claims, losses and settlement expenses.", "Distribution expenses increased $9 million, or 17%, to $62 million for the year ended December 31, 2013 compared to $53 million for the prior year driven by higher compensation related to higher sales.", "Benefits, claims, losses and settlement expenses, which exclude the market impact on indexed universal life benefits (net of hedges), increased $106 million, or 9%, to $1.3 billion for the year ended December 31, 2013 compared to $1.1 billion for the prior year due to the impact of unlocking, higher expenses related to our auto and home business, an", "We expect net interest expense of approximately $135 to $140 in 2011, subject to capital deployment activities during the year.", "Our effective tax rate was 31.2 percent in 2008, 31.5 percent in 2009 and 30.7 percent in 2010.", "The 2008 rate includeda$35, or approximately $0.09 per-share, benefit from the settlement of tax refund litigation, which reduced the 2008 tax rate by 100 basis points.", "We anticipate an effective tax rate of approximately 31 percent in 2011.", "For additional discussion of tax matters, see Note E to the Consolidated Financial Statements.", "In 2008, we entered into an agreement to sell our Spanish nitrocellulose operation and recognized a pretax loss of $11 in discontinued operations in anticipation of the sale.", "The sale of this operation was completed in 2010.", "Our reported revenues exclude the revenues associated with this divested business.", "We have presented the operating results of this business, along with the loss from the sale, as discontinued operations, net of income taxes.", "R E V I EW OF BU S I NESS GROU P S AEROSPACE Review of 2010 vs.  2009", "|Year Ended December 31|2009|2010|Variance|\n|Revenues|$5,171|$5,299|$128|2.5%|\n|Operating earnings|707|860|153|21.6%|\n|Operating margin|13.7%|16.2%|||\n|Gulfstream aircraft deliveries (in units):|||||\n|Green|94|99|5|5.3%|\n|Completion|110|89|-21|-19.1%|\n", "The Aerospace group’s revenues increased in 2010 compared with 2009 due primarily to steady growth in aircraft services activity throughout the year.", "Aircraft manufacturing and outfitting revenues remained consistent with 2009 levels, with an increase in manufac- turing volume offset by reduced outfitting work.", "Aircraft manufacturing revenues increased 9 percent in 2010, the result of additional deliveries and a more favorable mix of green Gulfstream aircraft.", "The decline in aircraft outfitting revenues was associated primarily with the group’s completions work for other original equipment manufacturers (OEMs), reflecting decreased OEM production across the broader business-jet market.", "Aircraft services revenues, which include both Gulfstream and Jet Aviation’s maintenance and repair work, fixed-base operations and aircraft management services, increased 15 percent in 2010, reflecting the growing installed base of business-jet aircraft and increased utilization as the business-jet market recovers following the economic downturn.", "Revenues from sales of pre-owned aircraft were down slightly from 2009.", "The group’s operating earnings improved significantly in 2010 compared with 2009, with improvements in all areas of the group’s portfolio.", "The components of the earnings growth were as follows:", "|Aircraft manufacturing and outfitting|$68|\n|Pre-owned aircraft|40|\n|Aircraft services|29|\n|SG&A/other|16|\n|Total increase in operating earnings|$153|\n", "The group’s aircraft manufacturing and outfitting earnings were up in 2010 compared with 2009 due to the increase in aircraft manufacturing volume, as well as improved pricing on large-cabin aircraft and mix shift within large-cabin models.", "This increase was offset in part by reduced liquidated damages associated with fewer customer defaults.", "Margins for these activities were up 190 basis points compared with 2009.", "Pre-owned aircraft earnings improved significantly from 2009, when the group wrote down the carrying value of its pre-owned aircraft inventory.", "Pricing in the pre-owned market has improved since mid-2009, particularly for large-cabin aircraft, although inventories across the industry remain higher than historic norms.", "In 2010, the Aerospace group realized modest profits on its pre-owned sales, took no pre-owned aircraft write-downs and ended the year with no pre-owned aircraft in inventory.", "Consistent with the increased volume, aircraft services earnings continued to improve from 2009.", "Margins associated with aircraft services were up 70 basis points in 2010 due to improved marketplace pricing.", "The group’s operating earnings in 2010 were also favorably impacted by the timing of R&D expenditures and the absence of severance costs associated with workforce reductions in 2009.", "As a result of the factors discussed above, the group’s overall operating margins increased 250 basis points in 2010 compared with 2009.  Review of 2009 vs.  2008", "|Year Ended December 31|2008|2009|Variance|\n|Revenues|$5,512|$5,171|$ -341|-6.2%|\n|Operating earnings|1,021|707|-314|-30.8%|\n|Operating margin|18.5%|13.7%|||\n|Gulfstream aircraft deliveries (in units):|||||\n|Green|156|94|-62|-39.7%|\n|Completion|152|110|-42|-27.6%|\n", "The Aerospace group’s revenues decreased in 2009, the result ofadecline in sales of Gulfstream aircraft that was offset in part by the addition of Jet Aviation, which we acquired in the fourth quarter of 2008.", "We reduced Gulfstream’s 2009 aircraft production, primarily in the group’s mid-cabin", "In summary, our cash flows for each period were as follows:", "|Years Ended(In Millions)|Dec 30,2017|Dec 31,2016|Dec 26,2015|\n|Net cash provided by operating activities|$22,110|$21,808|$19,018|\n|Net cash used for investing activities|-15,762|-25,817|-8,183|\n|Net cash provided by (used for) financing activities|-8,475|-5,739|1,912|\n|Net increase (decrease) in cash and cash equivalents|$-2,127|$-9,748|$12,747|\n", "OPERATING ACTIVITIES Cash provided by operating activities is net income adjusted for certain non-cash items and changes in assets and liabilities.", "For 2017 compared to 2016, the $302 million increase in cash provided by operating activities was due to changes to working capital partially offset by adjustments for non-cash items and lower net income.", "Tax Reform did not have an impact on our 2017 cash provided by operating activities.", "The increase in cash provided by operating activities was driven by increased income before taxes and $1.0 billion receipts of customer deposits.", "These increases were partially offset by increased inventory and accounts receivable.", "Income taxes paid, net of refunds, in 2017 compared to 2016 were $2.9 billion higher due to higher income before taxes, taxable gains on sales of ASML, and taxes on the ISecG divestiture.", "We expect approximately $2.0 billion of additional customer deposits in 2018.", "For 2016 compared to 2015, the $2.8 billion increase in cash provided by operating activities was due to adjustments for non-cash items and changes in working capital, partially offset by lower net income.", "The adjustments for non-cash items were higher in 2016 primarily due to restructuring and other charges and the change in deferred taxes, partially offset by lower depreciation.", "INVESTING ACTIVITIES Investing cash flows consist primarily of capital expenditures; investment purchases, sales, maturities, and disposals; and proceeds from divestitures and cash used for acquisitions.", "Our capital expenditures were $11.8 billion in 2017 ($9.6 billion in 2016 and $7.3 billion in 2015).", "The decrease in cash used for investing activities in 2017 compared to 2016 was primarily due to higher net activity of available-for sale-investments in 2017, proceeds from our divestiture of ISecG in 2017, and higher maturities and sales of trading assets in 2017.", "This activity was partially offset by higher capital expenditures in 2017.", "The increase in cash used for investing activities in 2016 compared to 2015 was primarily due to our completed acquisition of Altera, net purchases of trading assets in 2016 compared to net sales of trading assets in 2015, and higher capital expenditures in 2016.", "This increase was partially offset by lower investments in non-marketable equity investments.", "FINANCING ACTIVITIES Financing cash flows consist primarily of repurchases of common stock, payment of dividends to stockholders, issuance and repayment of short-term and long-term debt, and proceeds from the sale of shares of common stock through employee equity incentive plans.", "The increase in cash used for financing activities in 2017 compared to 2016 was primarily due to net long-term debt activity, which was a use of cash in 2017 compared to a source of cash in 2016.", "During 2017, we repurchased $3.6 billion of common stock under our authorized common stock repurchase program, compared to $2.6 billion in 2016.", "As of December 30, 2017, $13.2 billion remained available for repurchasing common stock under the existing repurchase authorization limit.", "We base our level of common stock repurchases on internal cash management decisions, and this level may fluctuate.", "Proceeds from the sale of common stock through employee equity incentive plans totaled $770 million in 2017 compared to $1.1 billion in 2016.", "Our total dividend payments were $5.1 billion in 2017 compared to $4.9 billion in 2016.", "We have paid a cash dividend in each of the past 101 quarters.", "In January 2018, our Board of Directors approved an increase to our cash dividend to $1.20 per share on an annual basis.", "The board has declared a quarterly cash dividend of $0.30 per share of common stock for Q1 2018.", "The dividend is payable on March 1, 2018 to stockholders of record on February 7, 2018.", "Cash was used for financing activities in 2016 compared to cash provided by financing activities in 2015, primarily due to fewer debt issuances and the repayment of debt in 2016.", "This activity was partially offset by repayment of commercial paper in 2015 and fewer common stock repurchases in 2016."], "table_evidence": [1], "paragraph_evidence": [0], "source": "multihiertt", "original_question_id": "7e21bec5529046e495f4ad6c274780d2"}
{"question": "what was the value , in millions of dollars , of net revenues in 2007?", "python_solution": "def solution():\n    # Define variables name and value\n    net_revenue_2008 = 2.12 * 1000\n    decrease_from_2007 = 112\n    \n    # Do math calculation to get the answer\n    net_revenue_2007 = net_revenue_2008 + decrease_from_2007\n    \n    return net_revenue_2007", "ground_truth": 2232.0, "question_id": "simplong-testmini-62", "paragraphs": ["DUKE ENERGY CORPORATION· DUKE ENERGY CAROLINAS, LLC· PROGRESS ENERGY INC. · DUKE ENERGY PROGRESS, LLC· DUKE ENERGY FLORIDA, LLC· DUKE ENERGY OHIO, INC. · DUKE ENERGY INDIANA, LLC· PIEDMONT NATURAL GAS COMPANY, INC.", "Combined Notes to Consolidated Financial Statements – (Continued) 25.", "QUARTERLY FINANCIAL DATA (UNAUDITED) DUKE ENERGY Quarterly EPS amounts may not sum to the full-year total due to changes in the weighted average number of common shares outstanding and rounding.", "|(in millions, except per share data)|First Quarter|Second Quarter|Third Quarter|Fourth Quarter|Total|\n|2017||||||\n|Operating revenues|$5,729|$5,555|$6,482|$5,799|$23,565|\n|Operating income|1,437|1,387|1,695|1,262|5,781|\n|Income from continuing operations|717|691|957|705|3,070|\n|Loss from discontinued operations, net of tax|—|-2|-2|-2|-6|\n|Net income|717|689|955|703|3,064|\n|Net income attributable to Duke Energy Corporation|716|686|954|703|3,059|\n|Earnings per share:||||||\n|Income from continuing operations attributable to Duke Energy Corporation common stockholders||||||\n|Basic|$1.02|$0.98|$1.36|$1.00|$4.37|\n|Diluted|$1.02|$0.98|$1.36|$1.00|$4.37|\n|Loss from discontinued operations attributable to Duke Energy Corporation common stockholders||||||\n|Basic|$—|$—|$—|$—|$-0.01|\n|Diluted|$—|$—|$—|$—|$-0.01|\n|Net income attributable to Duke Energy Corporation common stockholders||||||\n|Basic|$1.02|$0.98|$1.36|$1.00|$4.36|\n|Diluted|$1.02|$0.98|$1.36|$1.00|$4.36|\n|2016||||||\n|Operating revenues|$5,377|$5,213|$6,576|$5,577|$22,743|\n|Operating income|1,240|1,259|1,954|888|5,341|\n|Income from continuing operations|577|624|1,001|376|2,578|\n|Income (Loss) from discontinued operations, net of tax|122|-112|180|-598|-408|\n|Net income (loss)|699|512|1,181|-222|2,170|\n|Net income (loss) attributable to Duke Energy Corporation|694|509|1,176|-227|2,152|\n|Earnings per share:||||||\n|Income from continuing operations attributable to Duke Energy Corporation common stockholders||||||\n|Basic|$0.83|$0.90|$1.44|$0.53|$3.71|\n|Diluted|$0.83|$0.90|$1.44|$0.53|$3.71|\n|Income (Loss) from discontinued operations attributable to Duke Energy Corporation common stockholders||||||\n|Basic|$0.18|$-0.16|$0.26|$-0.86|$-0.60|\n|Diluted|$0.18|$-0.16|$0.26|$-0.86|$-0.60|\n|Net income (loss) attributable to Duke Energy Corporation common stockholders||||||\n|Basic|$1.01|$0.74|$1.70|$-0.33|$3.11|\n|Diluted|$1.01|$0.74|$1.70|$-0.33|$3.11|\n", "The following table includes unusual or infrequently occurring items in each quarter during the two most recently completed fiscal years.", "All amounts discussed below are pretax.", "|(in millions)|First Quarter|Second Quarter|Third Quarter|Fourth Quarter|Total|\n|2017||||||\n|Costs to Achieve Piedmont Merger (see Note 2)|$-16|$-30|$-23|$-34|$-103|\n|Regulatory Settlements (see Note 4)|—|—|-135|-23|-158|\n|Commercial Renewables Impairments (see Notes 10 and 11)|—|—|-84|-18|-102|\n|Impacts of the Tax Act (see Note 22)|—|—|—|102|102|\n|Total|$-16|$-30|$-242|$27|$-261|\n|2016||||||\n|Costs to Achieve Mergers (see Note 2)|$-120|$-111|$-84|$-208|$-523|\n|Commercial Renewables Impairment (see Note 12)|—|—|-71|—|-71|\n|Loss on Sale of International Disposal Group (see Note 2)|—|—|—|-514|-514|\n|Impairment of Assets in Central America (see Note 2)|—|-194|—|—|-194|\n|Cost Savings Initiatives (see Note 19)|-20|-24|-19|-29|-92|\n|Total|$-140|$-329|$-174|$-751|$-1,394|\n", "DUKE ENERGY CAROLINAS", "|(in millions)|First Quarter|Second Quarter|Third Quarter|Fourth Quarter|Total|\n|2017||||||\n|Operating revenues|$1,716|$1,729|$2,136|$1,721|$7,302|\n|Operating income|484|485|777|403|2,149|\n|Net income|270|273|466|205|1,214|\n|2016||||||\n|Operating revenues|$1,740|$1,675|$2,226|$1,681|$7,322|\n|Operating income|481|464|815|302|2,062|\n|Net income|271|261|494|140|1,166|\n", "The following table includes unusual or infrequently occurring items in each quarter during the two most recently completed fiscal years.", "All amounts discussed below are pretax.", "|(in millions)|First Quarter|Second Quarter|Third Quarter|Fourth Quarter|Total|\n|2017||||||\n|Costs to Achieve Piedmont Merger (see Note 2)|$-4|$-6|$-5|$-5|$-20|\n|Impacts of the Tax Act (see Note 22)|—|—|—|-15|-15|\n|Total|$-4|$-6|$-5|$-20|$-35|\n|2016||||||\n|Costs to Achieve Mergers|$-11|$-12|$-13|$-68|$-104|\n|Cost Savings Initiatives (see Note 19)|-10|-10|-8|-11|-39|\n|Total|$-21|$-22|$-21|$-79|$-143|\n", "PART II The following table shows the percent changes in GWh sales and average number of customers for Duke Energy Carolinas.", "The below percentages for retail customer classes represent billed sales only.", "Total sales includes billed and unbilled retail sales and wholesale sales to incorporated municipalities and to public and private utilities and power marketers.", "Amounts are not weather-normalized.", "|Increase (Decrease) over prior year|2017|2016|\n|Residential sales|-4.8%|0.1%|\n|General service sales|-1.8%|0.7%|\n|Industrial sales|-0.8%|-0.9%|\n|Wholesale power sales|6.3%|9.8%|\n|Joint dispatch sales|18.2%|-2.3%|\n|Total sales|-1.4%|1.8%|\n|Average number of customers|1.5%|1.4%|\n", "Year Ended December 31, 2017, as Compared to 2016 Operating Revenues.", "The variance was driven primarily by: ?", "a $179 million decrease in retail sales, net of fuel revenues, due to less favorable weather in the current year.", "Partially offset by: ?", "a $74 million increase in rider revenues and retail pricing primarily related to energy efficiency programs; ?", "a $41 million increase in weather-normal sales volumes to retail customers, net of fuel revenues; ?", "a $30 million increase in fuel revenues primarily due to changes in generation mix partially offset by lower retail sales; and ?", "a $7 million increase in wholesale power revenues, net of sharing and fuel, primarily due to additional volumes for customers served under long-term contracts.", "Operating Expenses.", "The variance was driven primarily by: ?", "a $145 million decrease in operations, maintenance and other expense primarily due to lower expenses at generating plants, lower costs associated with merger commitments related to the Piedmont acquisition in 2016, lower severance expenses, and lower employee benefit costs, partially offset by higher energy efficiency program costs.", "Partially offset by: ?", "a $25 million increase in fuel expense (including purchased power) primarily due to changes in generation mix, partially offset by lower retail sales; and ?", "a $15 million increase in depreciation and amortization expense primarily due to additional plant in service, partially offset by lower amortization of certain regulatory assets.", "Other Income and Expenses.", "The variance was primarily due to a decrease in recognition of post in-service equity returns for projects that had been completed prior to being reflected in customer rates.", "Income Tax Expense.", "The variance was primarily due to an increase in pretax income and the impact of the Tax Act, offset by the impact of research credits and the manufacturing deduction.", "See the Subsidiary Registrants section above for additional information on the Tax Act and the impact on the effective tax rate.", "Matters Impacting Future Results An order from regulatory authorities disallowing recovery of costs related to closure of ash impoundments could have an adverse impact on Duke Energy Carolinas’ financial position, results of operations and cash flows.", "See Notes 4 and 9 to the Consolidated Financial Statements, “Regulatory Matters” and “Asset Retirement Obligations,” respectively, for additional information.", "On May 18, 2016, the NCDEQ issued proposed risk classifications for all coal ash surface impoundments in North Carolina.", "All ash impoundments not previously designated as high priority by the Coal Ash Act were designated as intermediate risk.", "Certain impoundments classified as intermediate risk, however, may be reassessed in the future as low risk pursuant to legislation enacted on July 14, 2016.", "Duke Energy Carolinas’ estimated AROs related to the closure of North Carolina ash impoundments are based upon the mandated closure method or a probability weighting of potential closure methods for the impoundments that may be reassessed to low risk.", "As the final risk ranking classifications in North Carolina are delineated, final closure plans and corrective action measures are developed and approved for each site, the closure work progresses, and the closure method scope and remedial action methods are determined, the complexity of work and the amount of coal combustion material could be different than originally estimated and, therefore, could materially impact Duke Energy Carolinas’ financial position.", "See Note 9 to the Consolidated Financial Statements, “Asset Retirement Obligations,” for additional information.", "Duke Energy Carolinas is a party to multiple lawsuits and subject to fines and other penalties related to operations at certain North Carolina facilities with ash basins.", "The outcome of these lawsuits, fines and penalties could have an adverse impact on Duke Energy Carolinas’ financial position, results of operations and cash flows.", "See Note 5 to the Consolidated Financial Statements, “Commitments and Contingencies,” for additional information.", "Duke Energy Carolinas filed a general rate case on August 25, 2017, to recover costs of complying with CCR regulations and the Coal Ash Act, as well as costs of capital investments in generation, transmission and distribution systems and any increase in expenditures subsequent to previous rate cases.", "Duke Energy Carolinas’ earnings could be adversely impacted if the rate increase is delayed or denied by the NCUC.", "Within this Item 7, see the Tax Cuts and Jobs Act above as well as Liquidity and Capital Resources below for risks associated with the Tax Act.", "Our non-operating investment activity resulted in net losses of $12.7 million in 2009 and $52.3 million in 2008.", "The improvement of nearly $40 million is primarily attributable to a reduction in the other than temporary impairments recognized on our investments in sponsored mutual funds in 2009 versus 2008.", "The following table details our related mutual fund investment gains and losses (in millions) during the past two years.", "||2008|2009|Change|\n|Other than temporary impairments recognized|$-91.3|$-36.1|$55.2|\n|Capital gain distributions received|5.6|2.0|-3.6|\n|Net gain (loss) realized on fund dispositions|-4.5|7.4|11.9|\n|Net loss recognized on fund holdings|$-90.2|$-26.7|$63.5|\n", "Lower income of $16 million from our money market holdings due to the significantly lower interest rate environment offset the improvement experienced with our fund investments.", "There is no impairment of any of our mutual fund investments at December 31, 2009.", "The 2009 provision for income taxes as a percentage of pretax income is 37.1%, down from 38.4% in 2008 and .9% lower than our present estimate of 38.0% for the 2010 effective tax rate.", "Our 2009 provision includes reductions of prior years’ tax provisions and discrete nonrecurring benefits that lowered our 2009 effective tax rate by 1.0%.2008 versus 2007.", "Investment advisory revenues decreased 6.3%, or $118 million, to $1.76 billion in 2008 as average assets under our management decreased $16 billion to $358.2 billion.", "The average annualized fee rate earned on our assets under management was 49.2 basis points in 2008, down from the 50.2 basis points earned in 2007, as lower equity market valuations resulted in a greater percentage of our assets under management being attributable to lower fee fixed income portfolios.", "Continuing stress on the financial markets and resulting lower equity valuations as 2008 progressed resulted in lower average assets under our management, lower investment advisory fees and lower net income as compared to prior periods.", "Net revenues decreased 5%, or $112 million, to $2.12 billion.", "Operating expenses were $1.27 billion in 2008, up 2.9% or $36 million from 2007.", "Net operating income for 2008 decreased $147.9 million, or 14.8%, to $848.5 million.", "Higher operating expenses in 2008 and decreased market valuations during the latter half of 2008, which lowered our assets under management and advisory revenues, resulted in our 2008 operating margin declining to 40.1% from 44.7% in 2007.", "Non-operating investment losses in 2008 were $52.3 million as compared to investment income of $80.4 million in 2007.", "Investment losses in 2008 include non-cash charges of $91.3 million for the other than temporary impairment of certain of the firm’s investments in sponsored mutual funds.", "Net income in 2008 fell 27% or nearly $180 million from 2007.", "Diluted earnings per share, after the retrospective application of new accounting guidance effective in 2009, decreased to $1.81, down $.59 or 24.6% from $2.40 in 2007.", "A non-operating charge to recognize other than temporary impairments of our sponsored mutual fund investments reduced diluted earnings per share by $.21 in 2008.", "Investment advisory revenues earned from the T.  Rowe Price mutual funds distributed in the United States decreased 8.5%, or $114.5 million, to $1.24 billion.", "Average mutual fund assets were $216.1 billion in 2008, down $16.7 billion from 2007.", "Mutual fund assets at December 31, 2008, were $164.4 billion, down $81.6 billion from the end of 2007.", "Net inflows to the mutual funds during 2008 were $3.9 billion, including $1.9 billion to the money funds, $1.1 billion to the bond funds, and $.9 billion to the stock funds.", "The Value, Equity Index 500, and Emerging Markets stock funds combined to add $4.1 billion, while the Mid-Cap Growth and Equity Income stock funds had net redemptions of $2.2 billion.", "Net fund inflows of $6.2 billion originated in our target-date Retirement Funds, which in turn invest in other T.  Rowe Price funds.", "Fund net inflow amounts in 2008 are presented net of $1.3 billion that was transferred to target-date trusts from the Retirement Funds during the year.", "Decreases in market valuations and income not reinvested lowered our mutual fund assets under management by $85.5 billion during 2008.", "Investment advisory revenues earned on the other investment portfolios that we manage decreased $3.6 million to $522.2 million.", "Average assets in these portfolios were $142.1 billion during 2008, up slightly from $141.4 billion in 2007.", "These minor changes, each less than 1%, are attributable to the timing of declining equity market valuations and cash flows among our separate account and subadvised portfolios.", "Net inflows, primarily from institutional investors, were $13.2 billion during 2008, including the $1.3 billion transferred from the Retirement Funds to target-date trusts.", "Decreases in market valuations, net of income, lowered our assets under management in these portfolios by $55.3 billion during 2008."], "table_evidence": [-1], "paragraph_evidence": [61], "source": "multihiertt", "original_question_id": "f078da0e81734e75a1796b1a986e8f47"}
{"question": "In the year with largest amount of Payments, what's the increasing rate of Marketplaces?", "python_solution": "def solution():\n    # Define variables name and value\n    marketplaces_2010 = 1071499\n    marketplaces_2009 = 968266\n    \n    # Do math calculation to get the answer\n    increase = marketplaces_2010 - marketplaces_2009\n    answer = (increase / marketplaces_2009) * 100\n    \n    return answer", "ground_truth": 10.661636368518568, "question_id": "simplong-testmini-63", "paragraphs": ["Summary of Cost of Net Revenues The following table summarizes changes in cost of net revenues:", "||Year Ended December 31,|Change from 2008 to 2009|Change from 2009 to 2010|\n||2008|2009|2010|in Dollars|in %|in Dollars|in %|\n||(In thousands, except percentages)|\n|Cost of net revenues:||||||||\n|Marketplaces|$907,121|$968,266|$1,071,499|$61,145|7%|$103,233|11%|\n|As a percentage of total Marketplaces net revenues|16.2%|18.2%|18.7%|||||\n|Payments|1,036,746|1,220,619|1,493,168|183,873|18%|272,549|22%|\n|As a percentage of total Payments net revenues|43.1%|43.7%|43.5%|||||\n|Communications|284,202|290,877|—|6,675|2%|-290,877|—|\n|As a percentage of total Communications net revenues|51.6%|46.9%|—|||||\n|Total cost of net revenues|$2,228,069|$2,479,762|$2,564,667|$251,693|11%|$84,905|3%|\n|As a percentage of net revenues|26.1%|28.4%|28.0%|||||\n", "Cost of Net Revenues Cost of net revenues consists primarily of costs associated with payment processing, customer support and site operations and Skype telecommunications (through November 2009).", "Significant components of these costs include bank transaction fees, credit card interchange and assessment fees, interest expense on indebtedness incurred to finance the purchase of consumer loans receivable by Bill Me Later, employee compensation, contractor costs, facilities costs, depreciation of equipment and amortization expense.", "Marketplaces Marketplaces cost of net revenues increased $103.2 million, or 11%, in 2010 compared to 2009.", "The increase during 2010 was due primarily to the inclusion of a full year of costs attributable to Gmarket and increased site operation costs.", "Marketplaces cost of net revenues as a percentage of Marketplaces net revenues increased slightly in 2010 compared to 2009 due primarily to the addition of Gmarket, the settlement of a lawsuit and the establishment of a reserve related to certain indirect tax positions (recorded as a reduction in revenue).", "Marketplaces cost of net revenues increased $61.1 million, or 7%, in 2009 compared to 2008.", "The increase during 2009 was due primarily to the inclusion of costs attributable to Gmarket and Den Bl?", "Avis and BilBasen, partially offset by a decrease in customer support and site operations costs associated with our restructuring activities.", "Marketplaces cost of net revenues increased as a percentage of Marketplaces net revenues during 2009 compared to 2008 due primarily to the impact of foreign currency movements on revenues, pricing initiatives (which are recorded as a reduction in revenue) and faster growth in our lower margin Marketplaces businesses.", "Payments Payments cost of net revenues increased $272.5 million, or 22%, in 2010 compared to 2009.", "The increase in cost of net revenues was primarily due to the impact from our growth in net TPV.", "Payments cost of net revenues as a percentage of Payments net revenues decreased slightly in 2010 compared to 2009 due primarily to improved leverage of our customer support infrastructure and existing site operations.", "expect that these credit rating agencies will continue to monitor developments in our planned separation of PayPal, including the capital structure for each company after separation, which could result in additional downgrades.", "Our borrowing costs depend, in part, on our credit ratings and because downgrades would likely increase our borrowing costs we disclose these ratings to enhance the understanding of the effects of our ratings on our costs of funds.", "In addition, to assist PayPal in our planned separation we are currently working with credit rating agencies to obtain separate credit ratings for PayPal and we believe that immediately following separation both eBay and PayPal will be rated investment grade.", "Commitments and Contingencies As of December 31, 2014 , approximately $20.2 billion of unused credit was available to PayPal Credit accountholders.", "While this amount represents the total unused credit available, we have not experienced, and do not anticipate, that all of our PayPal Credit accountholders will access their entire available credit at any given point in time.", "In addition, the individual lines of credit that make up this unused credit are subject to periodic review and termination by the chartered financial institutions that are the issuer of PayPal Credit products based on, among other things, account usage and customer creditworthiness.", "When a consumer makes a purchase using a PayPal Credit products, the chartered financial institution extends credit to the consumer, funds the extension of credit at the point of sale and advances funds to the merchant.", "We subsequently purchase the consumer receivables related to the consumer loans and as result of that purchase, bear the risk of loss in the event of loan defaults.", "However, we subsequently sell a participation interest in the entire pool of consumer loans to the chartered financial institution that extended the consumer loans.", "Although the chartered financial institution continues to own the customer accounts, we own and bear the risk of loss on the related consumer receivables, less the participation interest held by the chartered financial institution, and PayPal is responsible for all servicing functions related to the customer account balances.", "As of December 31, 2014 , the total outstanding principal balance of this pool of consumer loans was $3.7 billion , of which the chartered financial institution owns a participation interest of $163 million , or 4.4% of the total outstanding balance of consumer receivables at that date.", "We have certain fixed contractual obligations and commitments that include future estimated payments for general operating purposes.", "Changes in our business needs, contractual cancellation provisions, fluctuating interest rates, and other factors may result in actual payments differing from the estimates.", "We cannot provide certainty regarding the timing and amounts of these payments.", "The following table summarizes our fixed contractual obligations and commitments:", "|Payments Due During the Year Ending December 31,|Debt|Leases|Purchase Obligations|Total|\n||(In millions)|\n|2015|1,026|113|275|1,414|\n|2016|164|96|58|318|\n|2017|1,613|83|55|1,751|\n|2018|148|63|43|254|\n|2019|1,697|42|7|1,746|\n|Thereafter|4,708|52|3|4,763|\n||9,356|449|441|10,246|\n", "The significant assumptions used in our determination of amounts presented in the above table are as follows: ?", "Debt amounts include the principal and interest amounts of the respective debt instruments.", "For additional details related to our debt, please see “Note 10 – Debt” to the consolidated financial statements included in this report.", "This table does not reflect any amounts payable under our $3 billion revolving credit facility or $2 billion commercial paper program, for which no borrowings were outstanding as of December 31, 2014 .  ?", "Lease amounts include minimum rental payments under our non-cancelable operating leases for office facilities, fulfillment centers, as well as computer and office equipment that we utilize under lease arrangements.", "The amounts presented are consistent with contractual terms and are not expected to differ significantly from actual results under our existing leases, unless a substantial change in our headcount needs requires us to expand our occupied space or exit an office facility early.", "MARATHON OIL CORPORATION Notes to Consolidated Financial Statements equivalent to the Exchangeable Shares at the acquisition date as discussed below.", "Additional shares of voting preferred stock will be issued as necessary to adjust the number of votes to account for changes in the exchange ratio.", "Preferred shares – In connection with the acquisition of Western discussed in Note 6, the Board of Directors authorized a class of voting preferred stock consisting of 6 million shares.", "Upon completion of the acquisition, we issued 5 million shares of this voting preferred stock to a trustee, who holds the shares for the benefit of the holders of the Exchangeable Shares discussed above.", "Each share of voting preferred stock is entitled to one vote on all matters submitted to the holders of Marathon common stock.", "Each holder of Exchangeable Shares may direct the trustee to vote the number of shares of voting preferred stock equal to the number of shares of Marathon common stock issuable upon the exchange of the Exchangeable Shares held by that holder.", "In no event will the aggregate number of votes entitled to be cast by the trustee with respect to the outstanding shares of voting preferred stock exceed the number of votes entitled to be cast with respect to the outstanding Exchangeable Shares.", "Except as otherwise provided in our restated certificate of incorporation or by applicable law, the common stock and the voting preferred stock will vote together as a single class in the election of directors of Marathon and on all other matters submitted to a vote of stockholders of Marathon generally.", "The voting preferred stock will have no other voting rights except as required by law.", "Other than dividends payable solely in shares of voting preferred stock, no dividend or other distribution, will be paid or payable to the holder of the voting preferred stock.", "In the event of any liquidation, dissolution or winding up of Marathon, the holder of shares of the voting preferred stock will not be entitled to receive any assets of Marathon available for distribution to its stockholders.", "The voting preferred stock is not convertible into any other class or series of the capital stock of Marathon or into cash, property or other rights, and may not be redeemed.25.", "Leases We lease a wide variety of facilities and equipment under operating leases, including land and building space, office equipment, production facilities and transportation equipment.", "Most long-term leases include renewal options and, in certain leases, purchase options.", "Future minimum commitments for capital lease obligations (including sale-leasebacks accounted for as financings) and for operating lease obligations having initial or remaining noncancelable lease terms in excess of one year are as follows:", "|(In millions)|Capital Lease Obligations (a)|Operating Lease Obligations|\n|2010|$46|$165|\n|2011|45|140|\n|2012|58|121|\n|2013|44|102|\n|2014|44|84|\n|Later years|466|313|\n|Sublease rentals|-|-16|\n|Total minimum lease payments|$703|$909|\n|Less imputed interest costs|-257||\n|Present value of net minimum lease payments|$446||\n", "(a) Capital lease obligations include $164 million related to assets under construction as of December 31, 2009.", "These leases are currently reported in long-term debt based on percentage of construction completed at $36 million.", "In connection with past sales of various plants and operations, we assigned and the purchasers assumed certain leases of major equipment used in the divested plants and operations of United States Steel.", "In the event of a default by any of the purchasers, United States Steel has assumed these obligations; however, we remain primarily obligated for payments under these leases.", "Minimum lease payments under these operating lease obligations of $16 million have been included above and an equal amount has been reported as sublease rentals."], "table_evidence": [1], "paragraph_evidence": [0], "source": "multihiertt", "original_question_id": "82dd8f4de6b34fe1848d2477760c921a"}
{"question": "What was the total amount of Balance% in the range of 0 and 200000 in 2009 ? (in thousand)", "python_solution": "def solution():\n    # Define variables name and value\n    value1 = 163951\n    value2 = 22816\n\n    # Do math calculation to get the answer\n    answer = value1 + value2\n\n    return answer", "ground_truth": 186767.0, "question_id": "simplong-testmini-64", "paragraphs": ["Table of Contents 16 Other Equity Method Investments InfraServs.", "We hold indirect ownership interests in several German InfraServ Groups that own and develop industrial parks and provide on-site general and administrative support to tenants.", "Our ownership interest in the equity investments in InfraServ affiliates are as follows:", "||As of December 31, 2017 (In percentages)|\n|InfraServ GmbH & Co. Gendorf KG-1|39|\n|InfraServ GmbH & Co. Hoechst KG|32|\n|InfraServ GmbH & Co. Knapsack KG-1|27|\n", "(1) See Note 29 - Subsequent Events in the accompanying consolidated financial statements for further information.", "Research and Development Our business models leverage innovation and conduct research and development activities to develop new, and optimize existing, production technologies, as well as to develop commercially viable new products and applications.", "Research and development expense was $72 million, $78 million and $119 million for the years ended December 31, 2017, 2016 and 2015, respectively.", "We consider the amounts spent during each of the last three fiscal years on research and development activities to be sufficient to execute our current strategic initiatives.", "Intellectual Property We attach importance to protecting our intellectual property, including safeguarding our confidential information and through our patents, trademarks and copyrights, in order to preserve our investment in research and development, manufacturing and marketing.", "Patents may cover processes, equipment, products, intermediate products and product uses.", "We also seek to register trademarks as a means of protecting the brand names of our Company and products.", "Patents.", "In most industrial countries, patent protection exists for new substances and formulations, as well as for certain unique applications and production processes.", "However, we do business in regions of the world where intellectual property protection may be limited and difficult to enforce.", "Confidential Information.", "We maintain stringent information security policies and procedures wherever we do business.", "Such information security policies and procedures include data encryption, controls over the disclosure and safekeeping of confidential information and trade secrets, as well as employee awareness training.", "Trademarks.", "Amcel?", ", AOPlus?", ", Ateva?", ", Avicor?", ", Celanese?", ", Celanex?", ", Celcon?", ", CelFX?", ", Celstran?", ", Celvolit?", ", Clarifoil?", ", Dur\u0002O-Set?", ", Ecomid?", ", EcoVAE?", ", Forflex?", ", Forprene?", ", FRIANYL?", ", Fortron?", ", GHR?", ", Gumfit?", ", GUR?", ", Hostaform?", ", Laprene?", ", MetaLX?", ", Mowilith?", ", MT?", ", NILAMID?", ", Nivionplast?", ", Nutrinova?", ", Nylfor?", ", Pibiflex?", ", Pibifor?", ", Pibiter?", ", Polifor?", ", Resyn?", ", Riteflex?", ", SlideX?", ", Sofprene?", ", Sofpur?", ", Sunett?", ", Talcoprene?", ", Tecnoprene?", ", Thermx?", ", TufCOR?", ", VAntage?", ", Vectra?", ", Vinac?", ", Vinamul?", ", VitalDose?", ", Zenite?", "and certain other branded products and services named in this document are registered or reserved trademarks or service marks owned or licensed by Celanese.", "The foregoing is not intended to be an exhaustive or comprehensive list of all registered or reserved trademarks and service marks owned or licensed by Celanese.", "Fortron?", "is a registered trademark of Fortron Industries LLC.", "Hostaform?", "is a registered trademark of Hoechst GmbH.", "Mowilith?", "and NILAMID?", "are registered trademarks of Celanese in most European countries.", "We monitor competitive developments and defend against infringements on our intellectual property rights.", "Neither Celanese nor any particular business segment is materially dependent upon any one patent, trademark, copyright or trade secret.", "Environmental and Other Regulation Matters pertaining to environmental and other regulations are discussed in Item 1A.", "Risk Factors, as well as Note 2 - Summary of Accounting Policies, Note 16 - Environmental and Note 24 - Commitments and Contingencies in the accompanying consolidated financial statements.", "NOTE 7 - BANK LOANS, NET: Bank client receivables are comprised of loans originated or purchased by RJ Bank and include commercial and residential real estate loans, as well as commercial and consumer loans.", "These receivables are collateralized by first or second mortgages on residential or other real property, by other assets of the borrower or are unsecured.", "The following table presents the balance and associated percentage of each major loan category in RJ Bank's portfolio, including loans receivable and loans available for sale:", "||September 30, 2009|September 30, 2008|September 30, 2007|September 30, 2006|September 30, 2005|\n||Balance%||Balance%||Balance%||Balance%||Balance%||\n||($ in 000’s)|\n|Commercial|||||||||||\n|Loans|$ 851,657|13%|$ 725,997|10%|$ 343,783|7%|$ 272,957|12%|$ 144,254|14%|\n|Real Estate|||||||||||\n|Construction|||||||||||\n|Loans|163,951|3%|346,691|5%|123,664|3%|34,325|2%|32,563|3%|\n|Commercial|||||||||||\n|Real Estate|||||||||||\n|Loans -1|3,343,989|49%|3,528,732|49%|2,317,840|49%|653,695|28%|136,375|14%|\n|Residential|||||||||||\n|Mortgage|||||||||||\n|Loans|2,398,822|35%|2,599,567|36%|1,934,645|41%|1,322,908|58%|690,242|69%|\n|Consumer|||||||||||\n|Loans|22,816|-|23,778|-|4,541|-|1,917|-|2,752|-|\n|Total Loans|6,781,235|100%|7,224,765|100%|4,724,473|100%|2,285,802|100%|1,006,186|100%|\n|Net Unearned|||||||||||\n|Income and|||||||||||\n|Deferred|||||||||||\n|Expenses -2|-36,990||-41,383||-13,242||-4,276||1,688||\n|Allowance for|||||||||||\n|Loan Losses|-150,272||-88,155||-47,022||-18,694||-7,593||\n||-187,262||-129,538||-60,264||-22,970||-5,905||\n|Loans, Net|$6,593,973||$7,095,227||$ 4,664,209||$ 2,262,832||$ 1,000,281||\n", "(1) Of this amount, $1.2 billion, $1.2 billion, $687 million, $393 million and $137 million is secured by non-owner occupied commercial real estate properties or their repayment is dependent upon the operation or sale of commercial real estate properties as of September 30, 2009, 2008, 2007, 2006 and 2005, respectively.", "The remainder is wholly or partially secured by real estate, the majority of which is also secured by other assets of the borrower.", "(2) Includes purchase premiums, purchase discounts, and net deferred origination fees and costs.", "At September 30, 2009 and September 30, 2008, RJ Bank had $950 million and $1.7 billion, respectively, in FHLB advances secured by a blanket lien on RJ Bank's residential mortgage loan portfolio.", "See Note 11 for more information regarding the FHLB advances.", "At September 30, 2009 and 2008, RJ Bank had $40.5 million and $524,000 in loans held for sale, respectively.", "RJ Bank's gain from the sale of these loans held for sale was $676,000, $364,000 and $518,000 for the years ended September 30, 2009, 2008 and 2007, respectively", "business conducted annually with each institution.", "Fixed income commissions are based on trade size and the characteristics of the specific security involved.", "Capital Markets Commissions For the Fiscal Years Ended:", "||September 30, 2009|% of Total|September 30, 2008|% of Total|September 30, 2007|% of Total|\n||($ in 000's)|\n|Equity|$ 212,322|57%|$ 237,920|70%|$ 210,343|83%|\n|Fixed Income|160,211|43%|99,870|30%|44,454|17%|\n|Total Commissions|$ 372,533|100%|$ 337,790|100%|$ 254,797|100%|\n", "Approximately 100 domestic and overseas professionals in RJ&A's Institutional Equity Sales and Sales Trading Departments maintain relationships with over 1,190 institutional clients, principally in North America and Europe.", "In addition to our headquarters in St.  Petersburg, Florida, RJ&A has institutional equity sales offices in New York City, Boston, Chicago, Los Angeles, San Francisco, London, Geneva, Brussels, Dusseldorf, Luxembourg and Paris.", "European offices also provide services to high net worth clients.", "RJ Ltd.  has 33 institutional equity sales and trading professionals servicing predominantly Canadian institutional investors from offices in Montreal, Toronto and Vancouver.", "RJ&A distributes to institutional clients both taxable and tax-exempt fixed income products, primarily municipal, corporate, government agency and mortgage-backed bonds.", "RJ&A carries inventory positions of taxable and tax-exempt securities in both the primary and secondary markets to facilitate institutional sales activities.", "In addition to St.  Petersburg, the Fixed Income Department maintains institutional sales and trading offices in New York City, Chicago and 20 other cities throughout the U. S.  Trading Trading equity securities involves the purchase and sale of securities from/to our clients or other dealers.", "Profits and losses are derived from the spreads between bid and asked prices, as well as market trends for the individual securities during the period we hold them.", "RJ&A makes markets in approximately 680 common stocks.", "Similar to the equity research department, this operation serves to support both our Institutional and Private Client Group sales efforts.", "The RJ Ltd.  Institutional and Private Client Group trading desks not only support client activity, but also take proprietary positions.", "RJ Ltd.  also provides specialist services in approximately 160 TSX listed common stocks.", "RJ&A trades both taxable and tax-exempt fixed income products.", "The taxable and tax-exempt RJ&A fixed income traders purchase and sell corporate, municipal, government, government agency, and mortgage-backed bonds, asset backed securities, preferred stock and certificates of deposit from/to our clients or other dealers.", "RJ&A enters into future commitments such as forward contracts and “to be announced” securities (e. g.  securities having a stated coupon and original term to maturity, although the issuer and/or the specific pool of mortgage loans is not known at the time of the transaction).", "Low levels of proprietary trading positions are also periodically taken by RJ&A for various purposes and are closely monitored within well defined limits.", "In addition, a subsidiary of RJF, RJ Capital Services Inc. , participates in the interest rate swaps market as a principal, both for economically hedging RJ&A fixed income inventory and for transactions with customers.", "Equity Research The domestic senior analysts in RJ&A's research department support our institutional and retail sales efforts and publish research on approximately 725 companies.", "This research primarily focuses on U. S.  companies in specific industries including technology, telecommunications, consumer, financial services, business and industrial services, healthcare, real estate and energy.", "Proprietary industry studies and company-specific research reports are made available to both institutional and individual clients.", "RJ Ltd.  has an additional 16 analysts who publish research on approximately 200 companies focused in the energy, energy services, mining, forest products, biotechnology, technology, clean technology, consumer and industrial products, REIT and income trust sectors.", "These analysts, combined with 12 additional analysts located in France (whose services are obtained through a joint venture there), represent our global research effort within the Capital Markets segment.", "The following table shows the distribution of those RJ Bank loans that mature in more than one year between fixed and adjustable interest rate loans at September 30, 2009:"], "table_evidence": [84], "paragraph_evidence": [83], "source": "multihiertt", "original_question_id": "6e0b921bdc8b4eef9795545de529ccd8"}
{"question": "What's the current increasing rate of Pass-through securities? (in %)", "python_solution": "def solution():\n    pass_through_securities_2008 = 10003\n    pass_through_securities_2007 = 18692\n    \n    difference = pass_through_securities_2008 - pass_through_securities_2007\n    increase_rate = (difference / pass_through_securities_2007) * 100\n    \n    return increase_rate", "ground_truth": -46.485127327198796, "question_id": "simplong-testmini-65", "paragraphs": ["Subscription Cost of subscription revenue consists of third-party royalties and expenses related to operating our network infrastructure, including depreciation expenses and operating lease payments associated with computer equipment, data center costs, salaries and related expenses of network operations, implementation, account management and technical support personnel, amortization of intangible assets and allocated overhead.", "We enter into contracts with third-parties for the use of their data center facilities and our data center costs largely consist of the amounts we pay to these third parties for rack space, power and similar items.", "Cost of subscription revenue increased due to the following:", "||% Change2014-2013|% Change2013-2012|\n|Data center cost|10%|11%|\n|Compensation cost and related benefits associated with headcount|4|5|\n|Depreciation expense|3|3|\n|Royalty cost|3|4|\n|Amortization of purchased intangibles|—|4|\n|Various individually insignificant items|1|—|\n|Total change|21%|27%|\n", "Cost of subscription revenue increased during fiscal 2014 as compared to fiscal 2013 primarily due to data center costs, compensation cost and related benefits, deprecation expense, and royalty cost.", "Data center costs increased as compared with the year-ago period primarily due to higher transaction volumes in our Adobe Marketing Cloud and Creative Cloud services.", "Compensation cost and related benefits increased as compared to the year-ago period primarily due to additional headcount in fiscal 2014, including from our acquisition of Neolane in the third quarter of fiscal 2013.", "Depreciation expense increased as compared to the year-ago period primarily due to higher capital expenditures in recent periods as we continue to invest in our network and data center infrastructure to support the growth of our business.", "Royalty cost increased primarily due to increases in subscriptions and downloads of our SaaS offerings.", "Cost of subscription revenue increased during fiscal 2013 as compared to fiscal 2012 primarily due to increased hosted server costs and amortization of purchased intangibles.", "Hosted server costs increased primarily due to increases in data center costs related to higher transaction volumes in our Adobe Marketing Cloud and Creative Cloud services, depreciation expense from higher capital expenditures in prior years and compensation and related benefits driven by additional headcount.", "Amortization of purchased intangibles increased primarily due to increased amortization of intangible assets purchased associated with our acquisitions of Behance and Neolane in fiscal 2013.", "Services and Support Cost of services and support revenue is primarily comprised of employee-related costs and associated costs incurred to provide consulting services, training and product support.", "Cost of services and support revenue increased during fiscal 2014 as compared to fiscal 2013 primarily due to increases in compensation and related benefits driven by additional headcount and third-party fees related to training and consulting services provided to our customers.", "Cost of services and support revenue increased during fiscal 2013 as compared to fiscal 2012 primarily due to increases in third-party fees related to training and consulting services provided to our customers and compensation and related benefits driven by additional headcount, including headcount from our acquisition of Neolane in fiscal 2013.", "with the disposition of real estate property and other investment transactions.", "The Company’s recorded liabilities were $6 million at both December 31, 2008 and 2007 for indemnities, guarantees and commitments.", "In connection with synthetically created investment transactions, the Company writes credit default swap obligations that generally require payment of principal outstanding due in exchange for the referenced credit obligation.", "If a credit event, as defined by the contract, occurs the Company’s maximum amount at risk, assuming the value of all referenced credit obligations is zero, was $1.9 billion at December 31, 2008.", "However, the Company believes that any actual future losses will be significantly lower than this amount.", "Additionally, the Company can terminate these contracts at any time through cash settlement with the counterparty at an amount equal to the then current estimated fair value of the credit default swaps.", "As of December 31, 2008, the Company would have paid $37 million to terminate all of these contracts.", "Other Commitments MetLife Insurance Company of Connecticut is a member of the Federal Home Loan Bank of Boston (the “FHLB of Boston”) and holds $70 million of common stock of the FHLB of Boston at both December 31, 2008 and 2007, which is included in equity securities.", "MICC has also entered into funding agreements with the FHLB of Boston whereby MICC has issued such funding agreements in exchange for cash and for which the FHLB of Boston has been granted a blanket lien on certain MICC assets, including residential mortgage-backed securities, to collateralize MICC’s obligations under the funding agreements.", "MICC maintains control over these pledged assets, and may use, commingle, encumber or dispose of any portion of the collateral as long as there is no event of default and the remaining qualified collateral is sufficient to satisfy the collateral maintenance level.", "Upon any event of default by MICC, the FHLB of Boston’s recovery on the collateral is limited to the amount of MICC’s liability to the FHLB of Boston.", "The amount of the Company’s liability for funding agreements with the FHLB of Boston was $526 million and $726 million at December 31, 2008 and 2007, respectively, which is included in policyholder account balances.", "In addition, at December 31, 2008, MICC had advances of $300 million from the FHLB of Boston with original maturities of less than one year and therefore, such advances are included in short-term debt.", "These advances and the advances on these funding agreements are collateralized by mortgage-backed securities with estimated fair values of $1.3 billion and $901 million at December 31, 2008 and 2007, respectively.", "Metropolitan Life Insurance Company is a member of the FHLB of NY and holds $830 million and $339 million of common stock of the FHLB of NY at December 31, 2008 and 2007, respectively, which is included in equity securities.", "MLIC has also entered into funding agreements with the FHLB of NY whereby MLIC has issued such funding agreements in exchange for cash and for which the FHLB of NY has been granted a lien on certain MLIC assets, including residential mortgage-backed securities to collateralize MLIC’s obligations under the funding agreements.", "MLIC maintains control over these pledged assets, and may use, commingle, encumber or dispose of any portion of the collateral as long as there is no event of default and the remaining qualified collateral is sufficient to satisfy the collateral maintenance level.", "Upon any event of default by MLIC, the FHLB of NY’s recovery on the collateral is limited to the amount of MLIC’s liability to the FHLB of NY.", "The amount of the Company’s liability for funding agreements with the FHLB of NY was $15.2 billion and $4.6 billion at December 31, 2008 and 2007, respectively, which is included in policyholder account balances.", "The advances on these agreements are collateralized by mortgage-backed securities with estimated fair values of $17.8 billion and $4.8 billion at December 31, 2008 and 2007, respectively.", "MetLife Bank is a member of the FHLB of NY and holds $89 million and $64 million of common stock of the FHLB of NY at December 31, 2008 and 2007, respectively, which is included in equity securities.", "MetLife Bank has also entered into repurchase agreements with the FHLB of NY whereby MetLife Bank has issued repurchase agreements in exchange for cash and for which the FHLB of NY has been granted a blanket lien on MetLife Bank’s residential mortgages and mortgage-backed securities to collateralize MetLife Bank’s obligations under the repurchase agreements.", "MetLife Bank maintains control over these pledged assets, and may use, commingle, encumber or dispose of any portion of the collateral as long as there is no event of default and the remaining qualified collateral is sufficient to satisfy the collateral maintenance level.", "The repurchase agreements and the related security agreement represented by this blanket lien provide that upon any event of default by MetLife Bank, the FHLB of NY’s recovery is limited to the amount of MetLife Bank’s liability under the outstanding repurchase agreements.", "The amount of the Company’s liability for repurchase agreements with the FHLB of NY was $1.8 billion and $1.2 billion at December 31, 2008 and 2007, respectively, which is included in long-term debt and short-term debt depending on the original tenor of the advance.", "The advances on these repurchase agreements are collateralized by residential mortgage\u0002backed securities and residential mortgage loans with estimated fair values of $3.1 billion and $1.3 billion at December 31, 2008 and 2007, respectively.", "Collateral for Securities Lending The Company has non-cash collateral for securities lending on deposit from customers, which cannot be sold or repledged, and which has not been recorded on its consolidated balance sheets.", "The amount of this collateral was $279 million and $40 million at December 31, 2008 and 2007, respectively.", "Goodwill Goodwill is the excess of cost over the estimated fair value of net assets acquired.", "Goodwill is not amortized but is tested for impairment at least annually or more frequently if events or circumstances, such as adverse changes in the business climate, indicate that there may be justification for conducting an interim test.", "Impairment testing is performed using the fair value approach, which requires the use of estimates and judgment, at the “reporting unit” level.", "A reporting unit is the operating segment or a business one level below the operating segment, if discrete financial information is prepared and regularly reviewed by management at that level.", "Information regarding changes in goodwill is as follows:", "|| December 31,|\n||2008| 2007| 2006|\n|| (In millions)|\n|Balance at beginning of the period,|$4,814|$4,801|$4,701|\n|Acquisitions -1|256|2|93|\n|Other, net -2|-62|11|7|\n|Balance at the end of the period|$5,008|$4,814|$4,801|\n", "The Subsidiaries recognized no other postretirement benefit expense in 2008 as compared to $8 million in 2007 and $58 million in 2006.", "The major components of net periodic other postretirement benefit plan cost described above were as follows:", "||Years Ended December 31,|\n||2008|2007|2006|\n||(In millions)|\n|Service cost|$21|$27|$35|\n|Interest cost|103|103|116|\n|Expected return on plan assets|-86|-86|-79|\n|Amortization of net actuarial (gains) losses|-1|—|22|\n|Amortization of prior service cost (credit)|-37|-36|-36|\n|Net periodic benefit cost|$—|$8|$58|\n", "The decrease in benefit cost from 2006 to 2007 primarily resulted from a change in the Medicare integration methodology for certain retirees.", "The decrease in benefit cost from 2007 to 2008 was due to primarily to increases in the discount rate and better than expected medical trend experience.", "For 2009 postretirement benefit expense, we anticipate an increase of approximately $25 million due to poor plan asset performance as a result of the economic downturn of the financial markets.", "The expected increase in expense can be attributed to lower expected return on assets and increased amortization of net actuarial losses.", "The estimated net actuarial losses and prior service credit for the other postretirement benefit plans that will be amortized from accumulated other comprehensive income (loss) into net periodic benefit cost over the next year are less than $10 million and ($36) million, respectively.", "The weighted average discount rate used to calculate the net periodic postretirement cost was 6.65%, 6.00% and 5.82% for the years ended December 31, 2008, 2007 and 2006, respectively.", "The weighted average expected rate of return on plan assets used to calculate the net other postretirement benefit plan cost for the years ended December 31, 2008, 2007 and 2006 was 7.33%, 7.47% and 7.42%, respectively.", "The expected rate of return on plan assets is based on anticipated performance of the various asset sectors in which the plan invests, weighted by target allocation percentages.", "Anticipated future performance is based on long-term historical returns of the plan assets by sector, adjusted for the Subsidiaries’ long\u0002term expectations on the performance of the markets.", "While the precise expected return derived using this approach will fluctuate from year to year, the Subsidiaries’ policy is to hold this long-term assumption constant as long as it remains within reasonable tolerance from the derived rate.", "Based on the December 31, 2008 asset balances, a 25 basis point increase (decrease) in the expected rate of return on plan assets would result in a decrease (increase) in net periodic benefit cost of $3 million for the other postretirement benefit plans.", "Funding and Cash Flows of Pension and Other Postretirement Benefit Plan Obligations Pension Plan Obligations It is the Subsidiaries’ practice to make contributions to the qualified pension plans to comply with minimum funding requirements of ERISA, as amended.", "In accordance with such practice, no contributions were required for the years ended December 31, 2008 or 2007.", "No contributions will be required for 2009.", "The Subsidiaries made a discretionary contribution of $300 million to the qualified pension plans during the year ended December 31, 2008.", "During the year ended December 31, 2007, the Subsidiaries did not make any discretionary contributions to the qualified pension plans.", "The Subsidiaries expect to make additional discretionary contributions of $150 million in 2009.", "Benefit payments due under the non-qualified pension plans are funded from the Subsidiaries’ general assets as they become due under the provision of the plans.", "These payments totaled $43 million and $48 million for the years ended December 31, 2008 and 2007, respectively.", "These benefit payments are expected to be at approximately the same level in 2009.", "Gross pension benefit payments for the next ten years, which reflect expected future service as appropriate, are expected to be as follows:", "|| Pension   Benefits  (In millions)|\n|2009|$384|\n|2010|$398|\n|2011|$408|\n|2012|$424|\n|2013|$437|\n|2014-2018|$2,416|\n", "Other Postretirement Benefit Plan Obligations Other postretirement benefits represent a non-vested, non-guaranteed obligation of the Subsidiaries and current regulations do not require specific funding levels for these benefits.", "While the Subsidiaries have partially funded such plans in advance, it has been the Subsidiaries’ practice to primarily use their general assets, net of participants’ contributions, to pay postretirement medical claims as they come due in lieu of utilizing plan assets.", "Total payments equaled $149 million and $173 million for the years ended December 31, 2008 and 2007, respectively.", "The Subsidiaries’ expect to make contributions of $120 million, net of participants’ contributions, towards the other postretirement plan obligations in 2009.", "As noted previously, the Subsidiaries expect to receive subsidies under the Prescription Drug Act to partially offset such payments.", "Corporate Fixed Maturity Securities.", "The table below shows the major industry types that comprise the corporate fixed maturity holdings at:", "|| December 31,|\n||2008| 2007|\n|| Estimated |% of| Estimated | % of |\n|| Fair Value|Total| Fair Value| Total|\n|| (In millions)|\n|Foreign -1|$29,679|32.0%|$37,166|33.4%|\n|Finance|14,996|16.1|20,639|18.6|\n|Industrial|13,324|14.3|15,838|14.3|\n|Consumer|13,122|14.1|15,793|14.2|\n|Utility|12,434|13.4|13,206|11.9|\n|Communications|5,714|6.1|7,679|6.9|\n|Other|3,713|4.0|764|0.7|\n|Total|$92,982|100.0%|$111,085|100.0%|\n", "(1) Includes U. S.  dollar-denominated debt obligations of foreign obligors, and other fixed maturity foreign investments.", "The Company maintains a diversified corporate fixed maturity portfolio across industries and issuers.", "The portfolio does not have exposure to any single issuer in excess of 1% of the total invested assets of the portfolio.", "At December 31, 2008 and 2007, the Company’s combined holdings in the ten issuers to which it had the greatest exposure totaled $8.4 billion and $7.8 billion, respectively, the total of these ten issuers being less than 3% of the Company’s total invested assets at such dates.", "The exposure to the largest single issuer of corporate fixed maturity securities held at December 31, 2008 and 2007 was $1.5 billion and $1.2 billion, respectively.", "The Company has hedged all of its material exposure to foreign currency risk in its corporate fixed maturity portfolio.", "In the Company’s international insurance operations, both its assets and liabilities are generally denominated in local currencies.", "Structured Securities.", "The following table shows the types of structured securities the Company held at:", "|| December 31,|\n||2008| 2007|\n|| Estimated |% of| Estimated | % of |\n|| Fair Value|Total| Fair Value| Total|\n||| (In millions)||\n|Residential mortgage-backed securities:|||||\n|Collateralized mortgage obligations|$26,025|44.0%|$36,303|44.0%|\n|Pass-through securities|10,003|16.8|18,692|22.6|\n|Total residential mortgage-backed securities|36,028|60.8|54,995|66.6|\n|Commercial mortgage-backed securities|12,644|21.4|16,993|20.6|\n|Asset-backed securities|10,523|17.8|10,572|12.8|\n|Total|$59,195|100.0%|$82,560|100.0%|\n", "Collateralized mortgage obligations are a type of mortgage-backed security that creates separate pools or tranches of pass-through cash flows for different classes of bondholders with varying maturities.", "Pass-through mortgage-backed securities are a type of asset\u0002backed security that is secured by a mortgage or collection of mortgages.", "The monthly mortgage payments from homeowners pass from the originating bank through an intermediary, such as a government agency or investment bank, which collects the payments, and for fee, remits or passes these payments through to the holders of the pass-through securities.", "Residential Mortgage-Backed Securities.", "At December 31, 2008, the exposures in the Company’s residential mortgage-backed securities portfolio consist of agency, prime, and alternative residential mortgage loans (“Alt-A”) securities of 68%, 23%, and 9% of the total holdings, respectively.", "At December 31, 2008 and 2007, $33.3 billion and $54.7 billion, respectively, or 92% and 99% respectively, of the residential mortgage-backed securities were rated Aaa/AAA by Moody’s, S&P or Fitch.", "The majority of the agency residential mortgage\u0002backed securities are guaranteed or otherwise supported by the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation or the Government National Mortgage Association.", "Prime residential mortgage lending includes the origination of residential mortgage loans to the most credit-worthy customers with high quality credit profiles.", "Alt-A residential mortgage loans are a classification of mortgage loans where the risk profile of the borrower falls between prime and sub-prime.", "At December 31, 2008 and 2007, the Company’s Alt-A residential mortgage-backed securities exposure was $3.4 billion and $6.3 billion, respectively, with an unrealized loss of $1,963 mil\u0002lion and $139 million, respectively.", "At December 31, 2008 and December 31, 2007, $2.1 billion and $6.3 billion, respectively, or 63% and 99%, respectively, of the Company’s Alt-A residential mortgage-backed securities were rated Aa/AA or better by Moody’s, S&P or Fitch; At December 31, 2008 the Company’s Alt-A holdings are distributed as follows: 23% 2007 vintage year, 25% 2006 vintage year; and 52% in the 2005 and prior vintage years.", "Vintage year refers to the year of origination and not to the year of purchase.", "In December 2008, certain Alt-A residential mortgage-backed securities experienced ratings downgrades from investment grade to below investment grade, con\u0002tributing to the decrease year over year cited above in those securities rated Aa/AA or better.", "In January 2009 Moody’s revised its loss projections for Alt-A residential mortgage-backed securities, and the Company anticipates that Moody’s will be downgrading virtually all 2006 and 2007 vintage year Alt-A securities to below investment grade, which will increase the percentage of our Alt-A residential mortgage-backed securities portfolio that will be rated below investment grade.", "Our analysis suggests that Moody’s is applying essentially"], "table_evidence": [91], "paragraph_evidence": [90], "source": "multihiertt", "original_question_id": "800dfc504b4f493dbc61abdba37d6ee0"}
{"question": "What's the average of Group Retirement Products* and Individual Fixed Annuities and Individual Fixed Annuities in 2010? (in million)", "python_solution": "def solution():\n    # Define variables name and value\n    group_retirement_products = 59333\n    individual_fixed_annuities = 48489\n    individual_variable_annuities = 25581\n    const_3 = 3\n\n    # Do math calculation to get the answer\n    answer = (group_retirement_products + individual_fixed_annuities + individual_variable_annuities) / const_3\n\n    return answer", "ground_truth": 44467.666666666664, "question_id": "simplong-testmini-66", "paragraphs": ["2010 and 2009 Comparison Surrender rates have improved compared to the prior year for group retirement products, individual fixed annuities and individual variable annuities as surrenders have returned to more normal levels.", "Surrender rates for individual fixed annuities have decreased significantly in 2010 due to the low interest rate environment and the relative competitiveness of interest credited rates on the existing block of fixed annuities versus interest rates on alternative investment options available in the marketplace.", "Surrender rates for group retirement products are expected to increase in 2011 as certain large group surrenders are anticipated.2009 and 2008 Comparison Surrenders and other withdrawals increased in 2009 for group retirement products primarily due to higher large group surrenders.", "However, surrender rates and withdrawals have improved for individual fixed annuities and individual variable annuities.", "The following table presents reserves by surrender charge category and surrender rates:", "| |2010| 2009|\n| At December 31, (in millions) |Group Retirement Products*|Individual Fixed Annuities|Individual Variable Annuities|Group Retirement Products*|Individual Fixed Annuities|Individual Variable Annuities |\n|No surrender charge|$52,742|$14,006|$11,859|$47,854|$11,444|$11,161|\n|0% - 2%|1,292|3,510|4,083|1,509|3,054|4,094|\n|Greater than 2% - 4%|1,754|5,060|2,040|1,918|5,635|2,066|\n|Greater than 4%|2,753|22,777|7,361|3,213|23,885|6,758|\n|Non-Surrenderable|792|3,136|238|850|3,184|558|\n|Total reserves|$59,333|$48,489|$25,581|$55,344|$47,202|$24,637|\n|Surrender rates|10.3%|7.4%|11.4%|12.3%|14.4%|12.1%|\n", "* Excludes mutual funds of $9.0 billion and $8.1 billion in 2010 and 2009, respectively.", "Financial Services Operations AIG’s Financial Services subsidiaries engage in diversified activities including commercial aircraft leasing and the remaining Capital Markets portfolios, which are conducted through ILFC and AIGFP, respectively.", "Following the classification of AGF as discontinued operations in the third quarter of 2010 (see Note 4 to the Consolidated Financial Statements), AIG’s remaining consumer finance businesses are now reported in AIG’s Other operations category as part of Divested businesses.", "As discussed in Note 3 to the Consolidated Financial Statements, in order to align financial reporting with changes made during the third quarter of 2010 to the manner in which AIG’s chief operating decision makers review the businesses to make decisions about resources to be allocated and to assess performance, changes were made to AIG’s segment information.", "During the third quarter of 2010, AIG’s Asset Management Group undertook the management responsibilities for non-derivative assets and liabilities of the Capital Markets’ businesses of the Financial Services segment.", "These assets and liabilities are being managed on a spread basis, in concert with the MIP.", "Accordingly, gains and losses related to these assets and liabilities, primarily consisting of credit valuation adjustment gains and losses are reported in AIG’s Other operations category as part of Asset Management — Direct Investment business.", "Also, intercompany interest related to loans from AIG Funding Inc.  (AIG Funding) to AIGFP is no longer being allocated to Capital Markets from Other operations.", "The remaining Capital Markets derivatives business continues to be reported in the Financial Services segment as part of Capital Markets results.", "American International Group, Inc. , and Subsidiaries solely for illustrative purposes.", "The selection of these specific events should not be construed as a prediction, but only as a demonstration of the potential effects of such events.", "These scenarios should not be construed as the only risks AIG faces; these events are shown as an indication of several possible losses AIG could experience.", "In addition, losses from these and other risks could be materially higher than illustrated.", "The sensitivity factors utilized for 2010 and presented above were selected based on historical data from 1990 to 2010, as follows (see the table below): ?", "a 100 basis point parallel shift in the yield curve is broadly consistent with a one standard deviation movement of the benchmark ten-year treasury yield; ?", "a 20 percent drop for equity and alternative investments is broadly consistent with a one standard deviation movement in the S&P 500; and ?", "a 10 percent depreciation of foreign currency exchange rates is consistent with a one standard deviation movement in the U. S.  dollar (USD)/Japanese Yen (JPY) exchange rate.", "||Period|StandardDeviation|Suggested2010Scenario|2010 Scenarioas aMultiple ofStandardDeviation|2010 Change/ Return|2010 as aMultiple ofStandardDeviation|Original2009 Scenario(based onStandardDeviation for1989-2009Period)|\n|10-Year Treasury|1990-2010|0.01|0.01|1.01|-0.01|0.56|0.01|\n|S&P 500|1990-2010|0.19|0.20|1.05|0.13|0.67|0.20|\n|USD/JPY|1990-2010|0.11|0.10|0.92|0.15|1.34|0.10|\n", "Operational Risk Management AIG’s Operational Risk Management department (ORM) oversees AIG’s operational risk management practices.", "The Director of ORM reports to the CRO.", "ORM is responsible for establishing and maintaining the framework, principles and guidelines of AIG’s operational risk management program.", "Each business unit is responsible for its operational risks and implementing the components of the operational risk management program to effectively identify, assess, monitor and mitigate such risks.", "This responsibility includes developing and implementing policies, procedures, management oversight processes, and other governance-related activities consistent with AIG’s overall operational risk management process.", "Senior operational risk executives in the businesses report to the Director of ORM and to business management.", "This reporting structure facilitates development of business-specific knowledge of operational risk matters, while at the same time maintaining company-wide consistency in AIG’s overall approach to operational risk management.", "A strong operational risk management program facilitates escalation and resolution of operational risk issues.", "In order to accomplish this, AIG’s operational risk management program is designed to: ?", "pro-actively address potential operational risk issues; ?", "create transparency at all levels of the organization; and ?", "assign clear ownership and accountability for addressing identified issues.", "As part of the operational risk management framework, AIG has implemented a risk and control self assessment (RCSA) process.", "The RCSA process is used to identify key operational risks and evaluate the effectiveness of existing controls to mitigate those risks.", "Corrective action plans are developed to address any identified issues.", "In 2010, business units continued to enhance their RCSA processes to perform more robust risk assessments.", "American International Group, Inc. , and Subsidiaries AIG’s consolidated risk target is to maintain a minimum liquidity buffer such that AIG Parent’s liquidity needs under the ERM stress scenarios do not exceed 80 percent of AIG Parent’s overall liquidity sources over the specified two-year horizon.", "If the 80 percent minimum threshold is projected to be breached over this defined time horizon, AIG will take appropriate actions to further increase liquidity sources or reduce liquidity needs to maintain the target threshold, although no assurance can be given that this would be possible under then-prevailing market conditions.", "AIG expects to enter into additional capital maintenance agreements with its U. S.  insurance companies to manage the flow of capital and funds between AIG Parent and the insurance companies.", "As a result of these ERM stress tests, AIG believes that it has sufficient liquidity at the AIG Parent level to satisfy future liquidity requirements and meet its obligations, including reasonably foreseeable contingencies or events.", "See further discussion regarding AIG Parent and subsidiary liquidity considerations in Liquidity of Parent and Subsidiaries below.", "Analysis of sources and uses of cash The following table presents selected data from AIG’s Consolidated Statement of Cash Flows:", "| Years Ended December 31, (in millions) |2010|2009|2008|\n|Summary:||||\n|Net cash provided by (used in) operating activities|$16,910|$18,584|$-122|\n|Net cash provided by (used in) investing activities|-10,225|5,778|47,176|\n|Net cash used in financing activities|-9,261|-28,997|-40,734|\n|Effect of exchange rate changes on cash|39|533|38|\n|Change in cash|-2,537|-4,102|6,358|\n|Cash at beginning of year|4,400|8,642|2,284|\n|Reclassification of assets held for sale|-305|-140|-|\n|Cash at end of year|$1,558|$4,400|$8,642|\n", "Net cash provided by operating activities was positive for both 2010 and 2009 compared to negative in 2008, principally due to positive cash flows from AIG’s life insurance subsidiaries.", "Insurance companies generally receive most premiums in advance of the payment of claims or policy benefits, but the ability of Chartis to generate positive cash flow is affected by operating expenses, the frequency and severity of losses under its insurance policies and policy retention rates.", "Cash provided by Chartis operations was $1.9 billion for 2010 compared to $2.8 billion in 2009 as a reduction in claims paid was more than offset by declines in premiums collected, arising primarily from a decrease in domestic production.", "Catastrophic events and significant casualty losses, the timing and effect of which are inherently unpredictable, reduce operating cash flow for Chartis operations.", "Cash provided by AIG’s life insurance subsidiaries, including entities presented as discontinued operations, was $15.5 billion for 2010 compared to $9.1 billion in 2009 as growth in international markets was partially offset by a decrease in cash flows from domestic operations.", "Cash flows provided from Financial Services including entities presented as discontinued operations were $1.4 billion and $5.4 billion for 2010 and 2009, respectively.", "The decrease can be attributed in part to the continued wind-down of AIGFP’s businesses and portfolio.", "Cash provided by Chartis was $2.8 billion for 2009 compared to $4.8 billion in 2008 as a reduction in claims paid was more than offset by reduced premiums collected.", "Cash provided by life insurance operations, including entities presented as discontinued operations, was $9.1 billion for 2009 compared to $22 billion in 2008.", "Reduced cash flows were primarily driven by the continuing impact of the negative events during the second half of 2008.", "Cash provided from Financial Services, including entities presented as discontinued operations, was $5.4 billion for 2009 compared to $28.9 billion operating cash outflows in 2008, primarily related to collateral posting requirements.", "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\u0002billion dollars) and typically reflect low fee rates.", "This has the potential to exaggerate the significance of net flows in institutional index products on BlackRock’s revenues and earnings.", "Equity Year-end 2012 equity AUM of $1.845 trillion increased by $285.4 billion, or 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% of equity AUM with the remaining 16% in active mandates.", "Institutional investors represented 62% of equity AUM, while iShares, and retail and HNW represented 29% and 9%, respectively.", "At year-end 2012, 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% and 9% managed for clients in EMEA and Asia-Pacific, respectively.", "BlackRock’s effective fee rates fluctuate due to changes in AUM mix.", "Approximately half of BlackRock’s 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’s effective equity fee rates and revenues.", "Fixed Income Fixed income AUM ended 2012 at $1.259 trillion, rising $11.6 billion, or 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 $2.2 billion from fundamental strategies.", "Fixed Income AUM was split between passive and active strategies with 48% and 52%, respectively.", "Institutional investors represented 74% of fixed income AUM while iShares and retail and HNW represented 15% and 11%, respectively.", "At year-end 2012, 59% of fixed income AUM was managed for clients in the Americas compared with 33% and 8% managed for clients in EMEA and Asia\u0002Pacific, respectively.", "Multi-Asset Class Component Changes in Multi-Asset Class AUM"], "table_evidence": [5], "paragraph_evidence": [4], "source": "multihiertt", "original_question_id": "1c4daca377fc4a32a71e4f82da7d3197"}
{"question": "What's the sum of all element that are greater than 10000 in Mar 31, 2008 (in thousand)", "python_solution": "def solution():\n    # Define variables name and value\n    num1 = 12402\n    num2 = 19295\n    num3 = 22939\n    num4 = 11018\n    num5 = 19975\n\n    # Do math calculation to get the answer\n    answer = num1 + num2 + num3 + num4 + num5\n\n    return answer", "ground_truth": 85629.0, "question_id": "simplong-testmini-67", "paragraphs": ["NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Dollars in Millions, Except Per Share Amounts) Long-term debt maturing over the next five years and thereafter is as follows:", "|2004|$ 244.5|\n|2005|$ 523.8|\n|2006|$ 338.5|\n|2007|$ 0.9|\n|2008|$ 0.9|\n|2009 and thereafter|$1,327.6|\n", "Other On March 7, 2003, Standard & Poor's Ratings Services downgraded the Company's senior secured credit rating to BB+ with negative outlook from BBB-.", "On May 14, 2003, Fitch Ratings downgraded the Company's senior unsecured credit rating to BB+ with negative outlook from BBB-.", "On May 9, 2003, Moody's Investor Services, Inc.  (\"Moody's\") placed the Company's senior unsecured and subordinated credit ratings on review for possible downgrade from Baa3 and Ba1, respectively.", "As of March 12, 2004, the Company's credit ratings continued to be on review for a possible downgrade.", "Since July 2001, the Company has not repurchased its common stock in the open market.", "In October 2003, the Company received a federal tax refund of approximately $90 as a result of its carryback of its 2002 loss for US federal income tax purposes and certain capital losses, to earlier periods.", "Through December 2002, the Company had paid cash dividends quarterly with the most recent quarterly dividend paid in December 2002 at a rate of $0.095 per share.", "On a quarterly basis, the Company's Board of Directors makes determinations regarding the payment of dividends.", "As previously discussed, the Company's ability to declare or pay dividends is currently restricted by the terms of its Revolving Credit Facilities.", "The Company did not declare or pay any dividends in 2003.", "However, in 2004, the Company expects to pay any dividends accruing on the Series A Mandatory Convertible Preferred Stock in cash, which is expressly permitted by the Revolving Credit Facilities.", "See Note 14 for discussion of fair market value of the Company's long-term debt.", "Note 9: Equity Offering On December 16, 2003, the Company sold 25.8 million shares of common stock and issued 7.5 million shares of 3- year Series A Mandatory Convertible Preferred Stock (the \"Preferred Stock\").", "The total net proceeds received from the concurrent offerings was approximately $693.", "The Preferred Stock carries a dividend yield of 5.375%.", "On maturity, each share of the Preferred Stock will convert, subject to adjustment, to between 3.0358 and 3.7037 shares of common stock, depending on the then-current market price of the Company's common stock, representing a conversion premium of approximately 22% over the stock offering price of $13.50 per share.", "Under certain circumstances, the Preferred Stock may be converted prior to maturity at the option of the holders or the Company.", "The common and preferred stock were issued under the Company's existing shelf registration statement.", "In January 2004, the Company used approximately $246 of the net proceeds from the offerings to redeem the 1.80% Convertible Subordinated Notes due 2004.", "The remaining proceeds will be used for general corporate purposes and to further strengthen the Company's balance sheet and financial condition.", "The Company will pay annual dividends on each share of the Series A Mandatory Convertible Preferred Stock in the amount of $2.6875.", "Dividends will be cumulative from the date of issuance and will be payable on each payment date to the extent that dividends are not restricted under the Company's credit facilities and assets are legally available to pay dividends.", "The first dividend payment, which was declared on February 24, 2004, will be made on March 15, 2004.", "financial statements and includes all adjustments (consisting only of normal recurring adjustments) necessary for a fair statement of the unaudited quarterly data.", "This information should be read in conjunction with our Consolidated Financial Statements and related Notes included in this Annual Report on Form 10-K.", "The results of operations for any quarter are not necessarily indicative of results that we may achieve for any subsequent periods.", "|| Three Months Ended|\n|| Mar 31,   2008| Jun 30,   2008| Sep 30,   2008| Dec 31,   2008| Mar 31,   2009| Jun 30,   2009| Sep 30,   2009| Dec 31,   2009|\n|| (In thousands)|\n| Revenues|||||||||\n|Commissions|||||||||\n|U.S. high-grade-1|$12,402|$12,554|$10,777|$10,814|$13,515|$13,808|$16,306|$18,928|\n|Eurobond-2|4,589|5,120|4,427|4,010|4,142|4,712|5,497|5,988|\n|Other-3|2,304|2,464|2,015|2,052|2,789|3,310|3,486|3,651|\n|Total commissions|19,295|20,138|17,219|16,876|20,446|21,830|25,289|28,567|\n|Technology products and services-4|767|2,676|2,646|2,466|2,023|2,096|2,601|3,058|\n|Information and user access fees-5|1,481|1,442|1,562|1,540|1,655|1,504|1,519|1,574|\n|Interest income-6|991|761|963|763|332|234|314|342|\n|Other-7|405|620|291|183|176|175|286|418|\n|Total revenues|22,939|25,637|22,681|21,828|24,632|25,839|30,009|33,959|\n| Expenses|||||||||\n|Employee compensation and benefits|11,018|11,576|11,173|10,043|11,442|11,917|13,127|13,788|\n|Depreciation and amortization|1,780|1,816|2,494|1,789|1,791|1,679|1,654|1,666|\n|Technology and communications|2,106|2,048|2,007|2,150|2,242|2,120|2,029|2,045|\n|Professional and consulting fees|2,153|2,521|1,822|1,675|1,879|1,613|1,645|1,732|\n|Occupancy|767|739|660|725|676|693|706|1,054|\n|Marketing and advertising|684|685|708|955|645|708|651|878|\n|General and administrative|1,467|1,493|1,719|1,478|1,226|1,373|1,654|1,757|\n|Total expenses|19,975|20,878|20,583|18,815|19,901|20,103|21,466|22,920|\n|Income before income taxes|2,964|4,759|2,098|3,013|4,731|5,736|8,543|11,039|\n|Provision for income taxes|1,368|1,911|579|1,077|1,892|2,549|3,903|5,603|\n|Net income|$1,596|$2,848|$1,519|$1,936|$2,839|$3,187|$4,640|$5,436|\n", "(1) Of these amounts, $1,920, $2,137, $1,928, $1,761, $1,985, $2,039, $2,276 and $2,457, respectively, were from related parties.", "(2) Of these amounts, $804, $873, $788, $738, $783, $933, $1,049 and $1,052, respectively, were from related parties.", "(3) Of these amounts, $429, $437, $378, $273, $302, $378, $363 and $486, respectively, were from related parties.", "(4) Of these amounts, $15, $7, $3, $8, $9, $10, $9 and $7, respectively, were from related parties.", "(5) Of these amounts, $53, $73, $81, $69, $61, $64, $60 and $58, respectively, were from related parties.", "(6) Of these amounts, $267, $209, $310, $379, $90, $58, $36 and $30, respectively, were from related parties.", "(7) Of these amounts, $43, $45, $45, $38, $42, $38, $37 and $35, respectively, were from related parties.", "Table of Contents Index to Financial Statements counterparty does not fulfill its obligation to complete a transaction.", "Pursuant to the terms of the securities clearing agreements between us and the independent clearing broker, the clearing broker has the right to charge us for losses resulting from a counterparty’s failure to fulfill its contractual obligations.", "The losses are not capped at a maximum amount and apply to all trades executed through the clearing broker.", "At December 31, 2011, we had not recorded any liabilities with regard to this right.", "In the ordinary course of business, we enter into contracts that contain a variety of representations, warranties and general indemnifications.", "Our maximum exposure from any claims under these arrangements is unknown, as this would involve claims that have not yet occurred.", "However, based on past experience, we expect the risk of loss to be remote.", "In October 2011, our Board of Directors authorized a share repurchase program for up to $35.0 million of our common stock.", "As of December 31, 2011, a total of 237,998 shares were repurchased at an aggregate cost of $6.9 million.", "Shares repurchased under the program will be held in treasury for future use.", "Through February 16, 2012, a total of 820,894 shares have been repurchased at an aggregate cost of $25.2 million.", "In January 2012, the Company’s Board of Directors approved a quarterly cash dividend of $0.11 per share payable on March 1, 2012 to stockholders of record as of the close of business on February 16, 2012.", "Any future declaration and payment of dividends will be at the sole discretion of the Company’s Board of Directors.", "The Board of Directors may take into account such matters as general business conditions, the Company’s financial results, capital requirements, contractual, legal, and regulatory restrictions on the payment of dividends to the Company’s stockholders or by the Company’s subsidiaries to the parent and any such other factors as the Board of Directors may deem relevant.", "Effects of Inflation Because the majority of our assets are liquid in nature, they are not significantly affected by inflation.", "However, the rate of inflation may affect our expenses, such as employee compensation, office leasing costs and communications expenses, which may not be readily recoverable in the prices of our services.", "To the extent inflation results in rising interest rates and has other adverse effects on the securities markets, it may adversely affect our financial position and results of operations.", "Contractual Obligations and Commitments As of December 31, 2011, we had the following contractual obligations and commitments:", "|| Payments due by period|\n|| Total| Less than 1 year| 1 - 3 years| 3 - 5 years| More than 5 years|\n|| (In thousands)|\n|Operating leases|$19,551|$1,805|$3,546|$4,041|$10,159|\n|Capital leases|700|336|364|—|—|\n|Foreign currency forward contract|28,516|28,516|—|—|—|\n||$48,767|$30,657|$3,910|$4,041|$10,159|\n", "We enter into foreign currency forward contracts with a non-controlling stockholder broker-dealer client to hedge the exposure to variability in foreign currency cash flows resulting from the net investment in our U. K.  subsidiary.", "As of December 31, 2011, the notional value of the foreign currency forward contract outstanding was $28.7 million and the gross and net fair value asset was $0.2 million.", "As of December 31, 2011, we had unrecognized tax benefits of $3.6 million.", "Due to the nature of the underlying positions, it is not currently possible to schedule the future payment obligations by period.", "In January 2012, our Board of Directors approved a quarterly dividend to be paid to the holders of the outstanding shares of capital stock.", "A cash dividend of $0.11 per share of voting and non-voting common stock outstanding will be payable on March 1, 2012 to stockholders of record as of the close of business on February 16, 2012.", "We expect the total amount payable to be approximately $4.2 million.", "The following table presents our capital spend for 2015, 2016 and 2017 organized by the type of the spending as described above:", "||Year Ended December 31,|\n|Nature of Capital Spend (in thousands)|2015|2016|2017|\n|Real Estate:||\n|||Investment|$151,695|\n|$133,079|$139,822|Maintenance|52,826|\n|63,543|77,660|Total Real Estate Capital Spend|204,521|\n|196,622|217,482|Non-Real Estate:||\n|||Investment|46,411|\n|40,509|56,297|Maintenance|23,372|\n|20,642|29,721|Total Non-Real Estate Capital Spend|69,783|\n|61,151|86,018|Data Center Investment and Maintenance Capital Spend|20,624|\n|72,728|92,597|Innovation and Growth Investment Capital Spend|—|\n|8,573|20,583|Total Capital Spend (on accrual basis)|294,928|\n|339,074|416,680|Net (decrease) increase in prepaid capital expenditures|-362|\n|374|1,629|Net (increase) decrease accrued capital expenditures(1)|-4,317|\n|-10,845|-75,178|Total Capital Spend (on cash basis)|$290,249|\n", "Non-Real Estate:", "(1) The amount at December 31, 2017 includes approximately $66,800 related to a capital lease associated with our data center in Manassas, Virginia.", "Competition We are a global leader in the physical storage and information management services industry with operations in 53 countries as of December 31, 2017.", "We compete with our current and potential customers' internal storage and information management services capabilities.", "We compete with numerous storage and information management services providers in every geographic area where we operate.", "The physical storage and information management services industry is highly competitive and includes thousands of competitors in North America and around the world.", "We believe that competition for records and information customers is based on price, reputation and reliability, quality and security of storage, quality of service and scope and scale of technology, and we believe we generally compete effectively in these areas.", "We also compete with numerous data center developers, owners and operators, many of whom own properties similar to ours in some of the same metropolitan areas where our facilities are located.", "We believe that competition for data center customers is based on available power, security considerations, location, connectivity and rental rates, and we believe we generally compete effectively in each of these areas.", "Alternative Technologies We derive most of our revenues from rental fees for the storage of physical records and computer backup tapes and from storage related services.", "Alternative storage technologies exist, many of which require significantly less space than physical documents and tapes, and as alternative technologies are adopted, storage related services may decline as the physical records or tapes we store become less active and more archived.", "While storage of physical documents continues to grow, we continue to provide, primarily through partnerships, additional services such as online backup, designed to address our customers' need for efficient, cost-effective, high-quality solutions for electronic records and storage and information management.", "Employees As of December 31, 2017, we employed more than 8,400 employees in the United States and more than 15,600 employees outside of the United States.", "At December 31, 2017, approximately 700 employees were represented by unions in North America (in California, Illinois, Georgia, New Jersey and Pennsylvania and three provinces in Canada) and approximately 3,600 employees were represented by unions in Latin America (in Argentina, Brazil and Chile).", "We use a measurement date of December 31 for plan assets and benefit obligations.", "A reconciliation of the changes in the projected benefit obligation for qualified pension, nonqualified pension and postretirement benefit plans as well as the change in plan assets for the qualified pension plan follows.", "Table 96: Reconciliation of Changes in Projected Benefit Obligation and Change in Plan Assets", "||Qualified Pension|Nonqualified Pension|Postretirement Benefits|\n|December 31 (Measurement Date) – in millions|2015|2014|2015|2014|2015|2014|\n|Accumulated benefit obligation at end of year|$4,330|$4,427|$292|$316|||\n|Projected benefit obligation at beginning of year|$4,499|$3,966|$322|$292|$379|$375|\n|Service cost|107|103|3|3|5|5|\n|Interest cost|177|187|11|12|15|16|\n|Plan amendments||-7|||||\n|Actuarial (gains)/losses and changes in assumptions|-126|504|-10|40|-9|4|\n|Participant contributions|||||5|8|\n|Federal Medicare subsidy on benefits paid|||||2|2|\n|Benefits paid|-260|-254|-28|-25|-28|-31|\n|Settlement payments|||||-1||\n|Projected benefit obligation at end of year|$4,397|$4,499|$298|$322|$368|$379|\n|Fair value of plan assets at beginning of year|$4,357|$4,252|||||\n|Actual return on plan assets|19|359|||||\n|Employer contribution|200||$28|$25|$222|$21|\n|Participant contributions|||||5|8|\n|Federal Medicare subsidy on benefits paid|||||2|2|\n|Benefits paid|-260|-254|-28|-25|-28|-31|\n|Settlement payments|||||-1||\n|Fair value of plan assets at end of year|$4,316|$4,357|||$200||\n|Funded status|$-81|$-142|$-298|$-322|$-168|$-379|\n|Amounts recognized on the consolidated balance sheet|||||||\n|Noncurrent asset|||||||\n|Current liability|||$-27|$-31|$-2|$-25|\n|Noncurrent liability|$-81|$-142|-271|-291|-166|-354|\n|Net amount recognized on the consolidated balance sheet|$-81|$-142|$-298|$-322|$-168|$-379|\n|Amounts recognized in accumulated other comprehensive income consist of:|||||||\n|Prior service cost (credit)|$-13|$-22|$1|$1|$-3|$-4|\n|Net actuarial loss|794|673|71|88|22|31|\n|Amount recognized in AOCI|$781|$651|$72|$89|$19|$27|\n", "At December 31, 2015, the fair value of the qualified pension plan assets was less than both the accumulated benefit obligation and the projected benefit obligation.", "The nonqualified pension plan is unfunded.", "Contributions from PNC and, in the case of the postretirement benefit plans, participant contributions cover all benefits paid under the nonqualified pension plan and postretirement benefit plans.", "The postretirement plan provides benefits to certain retirees that are at least actuarially equivalent to those provided by Medicare Part D and accordingly, we receive a federal subsidy as shown in Table 96.", "In March 2010, the Patient Protection and Affordable Care Act (PPACA) was enacted.", "Key aspects of the PPACA which are reflected in our consolidated financial statements include the excise tax on high-cost health plans beginning in 2018 and fees for the Transitional Reinsurance Program and the Patient\u0002Centered Outcomes Research Institute.", "These provisions did not have a significant effect on our postretirement medical liability or costs.", "The Early Retiree Reinsurance Program (ERRP) was established by the PPACA.", "Congress appropriated funding of $5.0 billion for this temporary ERRP to provide financial assistance to employers, unions, and state and local governments to help them maintain coverage for early retirees age 55 and older who are not yet eligible for Medicare, including their spouses, surviving spouses, and dependents.", "PNC did not receive reimbursement in 2014 related to the 2013 plan year.", "The ERRP terminated effective January 1, 2014.", "In 2011, we transferred approximately 1.3 million shares of BlackRock Series C Preferred Stock to BlackRock in connection with our obligation.", "In 2013, we transferred an additional .2 million shares to BlackRock.", "At December 31, 2015, we held approximately 1.3 million shares of BlackRock Series C Preferred Stock which were available to fund our obligation in connection with the BlackRock LTIP programs.", "See Note 24 Subsequent Events for information on our February 1, 2016 transfer of 0.5 million shares of the Series C Preferred Stock to BlackRock to satisfy a portion of our LTIP obligation.", "PNC accounts for its BlackRock Series C Preferred Stock at fair value, which offsets the impact of marking-to-market the obligation to deliver these shares to BlackRock.", "The fair value of the BlackRock Series C Preferred Stock is included on our Consolidated Balance Sheet in the caption Other assets.", "Additional information regarding the valuation of the BlackRock Series C Preferred Stock is included in Note 7 Fair Value.", "NOTE 14 FINANCIAL DERIVATIVES We use derivative financial instruments (derivatives) primarily to help manage exposure to interest rate, market and credit risk and reduce the effects that changes in interest rates may have on net income, the fair value of assets and liabilities, and cash flows.", "We also enter into derivatives with customers to facilitate their risk management activities.", "Derivatives represent contracts between parties that usually require little or no initial net investment and result in one party delivering cash or another type of asset to the other party based on a notional amount and an underlying as specified in the contract.", "Derivative transactions are often measured in terms of notional amount, but this amount is generally not exchanged and it is not recorded on the balance sheet.", "The notional amount is the basis to which the underlying is applied to determine required payments under the derivative contract.", "The underlying is a referenced interest rate (commonly LIBOR), security price, credit spread or other index.", "Residential and commercial real estate loan commitments associated with loans to be sold also qualify as derivative instruments."], "table_evidence": [28], "paragraph_evidence": [-1], "source": "multihiertt", "original_question_id": "fd3898a30db345e69d7407b555261a8f"}
{"question": "What will Purchase of minerals in-place reach in 2014 if it continues to grow at its current rate? (in thousand)", "python_solution": "def solution():\n    # Define variables name and value\n    growth_rate_2012_to_2013 = (85 - 15942) / 15942\n    constant_1 = 1\n    value_2014 = (1 + growth_rate_2012_to_2013)**2 * 85\n\n    return value_2014", "ground_truth": 0.0024164130224856506, "question_id": "simplong-testmini-68", "paragraphs": ["APACHE CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) The Company recognizes over the requisite service period the fair value cost determined at the grant date based on numerous assumptions, including an estimate of the likelihood that Apache’s stock price will achieve these thresholds and the expected forfeiture rate.", "If a price target is not met before the end of the stated achievement period, any unamortized expense must be immediately recognized.", "Since the $162 interim price target of the 2008 Share Appreciation Program was not met prior to the stated achievement period, on December 31, 2010, Apache recognized $27 million of unamortized expense and $14 million of unamortized capital costs.", "The Company will recognize total expense and capitalized costs for the 2008 Share Appreciation Program of approximately $188 million through 2014.", "As of March 2011, the Company had recognized $79 million of total expense and capitalized costs for the 2005 Share Appreciation Program and had no unamortized costs remaining.", "A summary of the amounts recognized as expense and capitalized costs for each plan are detailed in the table below:", "|| For the Year Ended December 31,|\n|| 2011| 2010| 2009|\n|| (In millions)|\n| 2008 Share Appreciation Program||||\n|Compensation expense|$8|$49|$23|\n|Compensation expense, net of tax|5|31|15|\n|Capitalized costs|5|27|13|\n| 2005 Share Appreciation Plan||||\n|Compensation expense|$1|$6|$6|\n|Compensation expense, net of tax|1|4|4|\n|Capitalized costs|1|3|3|\n", "Preferred Stock The Company has 10,000,000 shares of no par preferred stock authorized, of which 25,000 shares have been designated as Series A Junior Participating Preferred Stock (the Series A Preferred Stock) and 1.265 million shares as 6.00-percent Mandatory Convertible Preferred Stock, Series D (the Series D Preferred Stock).", "The Company redeemed the 100,000 outstanding shares of its 5.68 percent Series B Cumulative Preferred Stock (the Series B Preferred Stock) on December 30, 2009.", "Series A Preferred Stock In December 1995, the Company declared a dividend of one right (a Right) for each 2.31 shares (adjusted for subsequent stock dividends and a two-for-one stock split) of Apache common stock outstanding on January 31, 1996.", "Each full Right entitles the registered holder to purchase from the Company one ten-thousandth (1/10,000) of a share of Series A Preferred Stock at a price of $100 per one ten-thousandth of a share, subject to adjustment.", "The Rights are exercisable 10 calendar days following a public announcement that certain persons or groups have acquired 20 percent or more of the outstanding shares of Apache common stock or 10 business days following commencement of an offer for 30 percent or more of the outstanding shares of Apache’s outstanding common stock (flip in event); each Right will become exercisable for shares of Apache’s common stock at 50 percent of the then-market price of the common stock.", "If a 20-percent shareholder of Apache acquires Apache, by merger or otherwise, in a transaction where Apache does not survive or in which Apache’s common stock is changed or exchanged (flip over event), the Rights become exercisable for shares of the common stock of the Company acquiring Apache at 50 percent of the then-market price for Apache common stock.", "Any Rights that are or were beneficially owned by a person who has acquired 20 percent or more of the outstanding shares of Apache common stock and who engages in certain transactions or realizes the benefits of", "Shareholder Information Stock Data", "|| Price Range| Dividends  per Share|\n|| High| Low| Declared| Paid|\n|2011|||||\n|First Quarter|$132.50|$110.29|$0.15|$0.15|\n|Second Quarter|134.13|114.94|0.15|0.15|\n|Third Quarter|129.26|80.05|0.15|0.15|\n|Fourth Quarter|105.64|73.04|0.15|0.15|\n|2010|||||\n|First Quarter|$108.92|$95.15|$0.15|$0.15|\n|Second Quarter|111.00|83.55|0.15|0.15|\n|Third Quarter|99.09|81.94|0.15|0.15|\n|Fourth Quarter|120.80|96.51|0.15|0.15|\n", "The Company has paid cash dividends on its common stock for 47 consecutive years through December 31, 2011.", "Future dividend payments will depend upon the Company’s level of earnings, financial requirements and other relevant factors.", "Apache common stock is listed on the New York and Chicago stock exchanges and the NASDAQ National Market (symbol APA).", "At December 31, 2011, the Company’s shares of common stock outstanding were held by approximately 5,600 shareholders of record and 444,000 beneficial owners.", "Also listed on the New York Stock Exchange are: ?", "Apache Depositary Shares (symbol APA/PD), each representing a 1/20th interest in Apache’s 6% Mandatory Convertible Preferred Stock, Series D ?", "Apache Finance Canada’s 7.75% notes, due 2029 (symbol APA/29) Corporate Offices One Post Oak Central 2000 Post Oak Boulevard Suite 100 Houston, Texas 77056-4400 (713) 296-6000 Independent Public Accountants Ernst & Young LLP Five Houston Center 1401 McKinney Street, Suite 1200 Houston, Texas 77010-2007 Stock Transfer Agent and Registrar Wells Fargo Bank, N. A.  Attn: Shareowner Services P. O.", "Box 64854 South St.  Paul, Minnesota 55164-0854 (651) 450-4064 or (800) 468-9716 Communications concerning the transfer of shares, lost certificates, dividend checks, duplicate mailings, or change of address should be directed to the stock transfer agent.", "Shareholders can access account information on the web site: www.", "shareowneronline.", "com Dividend Reinvestment Plan Shareholders of record may invest their dividends automatically in additional shares of Apache common stock at the market price.", "Participants may also invest up to an additional $25,000 in Apache shares each quarter through this service.", "All bank service fees and brokerage commissions on purchases are paid by Apache.", "A prospectus describing the terms of the Plan and an authorization form may be obtained from the Company’s stock transfer agent, Wells Fargo Bank, N. A.", "Direct Registration Shareholders of record may hold their shares of Apache common stock in book-entry form.", "This eliminates costs related to safekeeping or replacing paper stock certificates.", "In addition, shareholders of record may request electronic movement of book-entry shares between your account with the Company’s stock transfer agent and your broker.", "Stock certificates may be converted to book-entry shares at any time.", "Questions regarding this service may be directed to the Company’s stock transfer agent, Wells Fargo Bank, N. A.", "Annual Meeting Apache will hold its annual meeting of shareholders on Thursday, May 24, 2012, at 10:00 a. m.  in the Ballroom, Hilton Houston Post Oak, 2001 Post Oak Boulevard, Houston, Texas.", "Apache plans to web cast the annual meeting live; connect through the Apache web site: www.", "apachecorp.", "com Stock Held in “Street Name” The Company maintains a direct mailing list to ensure that shareholders with stock held in brokerage accounts receive information on a timely basis.", "Shareholders wanting to be added to this list should direct their requests to Apache’s Public and International Affairs Department, 2000 Post Oak Boulevard, Suite 100, Houston, Texas, 77056-4400, by calling (713) 296-6157 or by registering on Apache’s web site: www.", "apachecorp.", "com Form 10-K Request Shareholders and other persons interested in obtaining, without cost, a copy of the Company’s Form 10-K filed with the Securities and Exchange Commission may do so by writing to Cheri L.  Peper, Corporate Secretary, 2000 Post Oak Boulevard, Suite 100, Houston, Texas, 77056-4400.", "Investor Relations Shareholders, brokers, securities analysts, or portfolio managers seeking information about the Company are welcome to contact Patrick Cassidy, Investor Relations Director, at (713) 296-6100.", "Members of the news media and others seeking information about the Company should contact Apache’s Public and International Affairs Department at (713) 296-7276.", "Web site: www.", "apachecorp.", "com", "APACHE CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) There are numerous uncertainties inherent in estimating quantities of proved reserves and projecting future rates of production and timing of development expenditures.", "The reserve data in the following tables only represent estimates and should not be construed as being exact.", "||Crude Oil and Condensate (Thousands of barrels)|\n||United States|Canada|Egypt-1|Australia|North Sea|Argentina|Total-1|\n| Proved developed reserves:||||||||\n|December 31, 2010|422,737|90,292|109,657|48,072|115,705|16,583|803,046|\n|December 31, 2011|428,251|81,846|105,840|35,725|136,990|16,001|804,653|\n|December 31, 2012|474,837|79,695|106,746|29,053|119,635|15,845|825,811|\n|December 31, 2013|457,981|80,526|119,242|22,524|100,327|14,195|794,795|\n| Proved undeveloped reserves:||||||||\n|December 31, 2010|214,117|56,855|17,470|18,064|38,663|4,062|349,231|\n|December 31, 2011|205,763|59,746|22,195|32,220|32,415|4,585|356,924|\n|December 31, 2012|203,068|70,650|17,288|34,808|28,019|2,981|356,814|\n|December 31, 2013|195,835|56,366|16,302|36,703|29,253|2,231|336,690|\n| Total proved reserves:||||||||\n|Balance December 31, 2010|636,855|147,146|127,127|66,136|154,368|20,645|1,152,277|\n|Extensions, discoveries and other additions|45,676|16,712|45,021|15,762|332|3,230|126,733|\n|Purchase of minerals in-place|5,097|705|—|—|34,612|—|40,414|\n|Revisions of previous estimates|-8,904|-17,117|-6,185|—|—|215|-31,991|\n|Production|-43,587|-5,202|-37,928|-13,953|-19,907|-3,503|-124,080|\n|Sale of properties|-1,123|-653|—|—|—|—|-1,776|\n|Balance December 31, 2011|634,014|141,591|128,035|67,945|169,405|20,587|1,161,577|\n|Extensions, discoveries and other additions|84,656|18,935|36,188|6,277|346|1,133|147,535|\n|Purchase of minerals in-place|15,942|188|—|276|2,143|—|18,549|\n|Revisions of previous estimates|-7,474|-4,577|-3,678|-66|-928|671|-16,052|\n|Production|-49,089|-5,792|-36,511|-10,571|-23,312|-3,565|-128,840|\n|Sale of properties|-144|—|—|—|—|—|-144|\n|Balance December 31, 2012|677,905|150,345|124,034|63,861|147,654|18,826|1,182,625|\n|Extensions, discoveries and other additions|133,227|10,177|43,738|2,539|1,543|998|192,222|\n|Purchase of minerals in-place|85|—|5|—|3,623|—|3,713|\n|Revisions of previous estimates|1,683|-531|457|-118|18|24|1,533|\n|Production|-53,621|-6,469|-32,690|-7,055|-23,258|-3,422|-126,515|\n|Sale of properties|-105,463|-16,630|—|—|—|—|-122,093|\n|Balance December 31, 2013|653,816|136,892|135,544|59,227|129,580|16,426|1,131,485|\n", "(1) 2013 includes proved reserves of 45 MMbbls as of December 31, 2013 attributable to a noncontrolling interest in Egypt.", "until the hedged transaction is recognized in earnings.", "Changes in the fair value of the derivatives that are attributable to the ineffective portion of the hedges, or of derivatives that are not considered to be highly effective hedges, if any, are immediately recognized in earnings.", "The aggregate notional amount of our outstanding foreign currency hedges at December 31, 2012 and 2011 was $1.3 billion and $1.7 billion.", "The aggregate notional amount of our outstanding interest rate swaps at December 31, 2012 and 2011 was $503 million and $450 million.", "Derivative instruments did not have a material impact on net earnings and comprehensive income during 2012, 2011, and 2010.", "Substantially all of our derivatives are designated for hedge accounting.", "See Note 15 for more information on the fair value measurements related to our derivative instruments.", "Stock-based compensation – Compensation cost related to all share-based payments including stock options and restricted stock units is measured at the grant date based on the estimated fair value of the award.", "We generally recognize the compensation cost ratably over a three-year vesting period.", "Income taxes – We periodically assess our tax filing exposures related to periods that are open to examination.", "Based on the latest available information, we evaluate our tax positions to determine whether the position will more likely than not be sustained upon examination by the Internal Revenue Service (IRS).", "If we cannot reach a more-likely-than-not determination, no benefit is recorded.", "If we determine that the tax position is more likely than not to be sustained, we record the largest amount of benefit that is more likely than not to be realized when the tax position is settled.", "We record interest and penalties related to income taxes as a component of income tax expense on our Statements of Earnings.", "Interest and penalties are not material.", "Accumulated other comprehensive loss – Changes in the balance of accumulated other comprehensive loss, net of income taxes, consisted of the following (in millions):"], "table_evidence": [49], "paragraph_evidence": [48, 50], "source": "multihiertt", "original_question_id": "1715c5bee969430ca87138f595352a89"}
{"question": "What is the sum of Net written premiums in the range of 1 and 3000 in 2014? (in million)", "python_solution": "def solution():\n    # Define variables name and value\n    net_written_premiums_1 = 2839\n    net_written_premiums_2 = 2817\n    net_written_premiums_3 = 880\n    \n    # Do math calculation to get the answer\n    answer = net_written_premiums_1 + net_written_premiums_2 + net_written_premiums_3\n    \n    return answer", "ground_truth": 6536.0, "question_id": "simplong-testmini-69", "paragraphs": ["Notes to Consolidated Financial Statements Note 11.", "Income Taxes – (Continued) The federal income tax return for 2006 is subject to examination by the IRS.", "In addition for 2007 and 2008, the IRS has invited the Company to participate in the Compliance Assurance Process (“CAP”), which is a voluntary program for a limited number of large corporations.", "Under CAP, the IRS conducts a real-time audit and works contemporaneously with the Company to resolve any issues prior to the filing of the tax return.", "The Company has agreed to participate.", "The Company believes this approach should reduce tax-related uncertainties, if any.", "The Company and/or its subsidiaries also file income tax returns in various state, local and foreign jurisdictions.", "These returns, with few exceptions, are no longer subject to examination by the various taxing authorities before 2000.", "As discussed in Note 1, the Company adopted the provisions of FIN No.48, “Accounting for Uncertainty in Income Taxes,” on January 1, 2007.", "As a result of the implementation of FIN No.48, the Company recognized a decrease to beginning retained earnings on January 1, 2007 of $37 million.", "The total amount of unrecognized tax benefits as of the date of adoption was approximately $70 million.", "Included in the balance at January 1, 2007, were $51 million of tax positions that if recognized would affect the effective tax rate.", "A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:", "|Balance, January 1, 2007|$70|\n|Additions based on tax positions related to the current year|12|\n|Additions for tax positions of prior years|3|\n|Reductions for tax positions related to the current year|-23|\n|Settlements|-6|\n|Expiration of statute of limitations|-3|\n|Balance, December 31, 2007|$53|\n", "The Company anticipates that it is reasonably possible that payments of approximately $2 million will be made primarily due to the conclusion of state income tax examinations within the next 12 months.", "Additionally, certain state and foreign income tax returns will no longer be subject to examination and as a result, there is a reasonable possibility that the amount of unrecognized tax benefits will decrease by $7 million.", "At December 31, 2007, there were $42 million of tax benefits that if recognized would affect the effective rate.", "The Company recognizes interest accrued related to: (1) unrecognized tax benefits in Interest expense and (2) tax refund claims in Other revenues on the Consolidated Statements of Income.", "The Company recognizes penalties in Income tax expense (benefit) on the Consolidated Statements of Income.", "During 2007, the Company recorded charges of approximately $4 million for interest expense and $2 million for penalties.", "Provision has been made for the expected U. S.  federal income tax liabilities applicable to undistributed earnings of subsidiaries, except for certain subsidiaries for which the Company intends to invest the undistributed earnings indefinitely, or recover such undistributed earnings tax-free.", "At December 31, 2007, the Company has not provided deferred taxes of $126 million, if sold through a taxable sale, on $361 million of undistributed earnings related to a domestic affiliate.", "The determination of the amount of the unrecognized deferred tax liability related to the undistributed earnings of foreign subsidiaries is not practicable.", "In connection with a non-recurring distribution of $850 million to Diamond Offshore from a foreign subsidiary, a portion of which consisted of earnings of the subsidiary that had not previously been subjected to U. S.  federal income tax, Diamond Offshore recognized $59 million of U. S.  federal income tax expense as a result of the distribution.", "It remains Diamond Offshore’s intention to indefinitely reinvest future earnings of the subsidiary to finance foreign activities.", "Total income tax expense for the years ended December 31, 2007, 2006 and 2005, was different than the amounts of $1,601 million, $1,557 million and $639 million, computed by applying the statutory U. S.  federal income tax rate of 35% to income before income taxes and minority interest for each of the years.", "Item 7.", "Management’s Discussion and Analysis of Financial Condition and Results of Operations Results of Operations – CNA Financial – (Continued)", "|Year Ended December 31, 2014|Specialty|Commercial|International|Total|\n|(In millions, except %)|||||\n|Net written premiums|$2,839|$2,817|$880|$6,536|\n|Net earned premiums|2,838|2,906|913|6,657|\n|Net investment income|560|723|61|1,344|\n|Net operating income|569|276|63|908|\n|Net realized investment gains (losses)|9|9|-1|17|\n|Net income|578|285|62|925|\n|Other performance metrics:|||||\n|Loss and loss adjustment expense ratio|57.3%|75.3%|53.5%|64.6%|\n|Expense ratio|30.1|33.7|38.9|32.9|\n|Dividend ratio|0.2|0.3||0.2|\n|Combined ratio|87.6%|109.3%|92.4%|97.7%|\n|Rate|3%|5%|-1%|3%|\n|Retention|87%|73%|74%|78%|\n|New Business (a)|$309|$491|$115|$915|\n", "(a) Includes Hardy new business of $133 million for the year ended December 31, 2016.", "Prior years amounts are not included for Hardy.2016 Compared with 2015 Net written premiums increased $21 million in 2016 as compared with 2015.", "Net written premiums for Commercial increased $23 million in 2016 as compared with 2015, driven by strong retention in middle markets, partially offset by a decrease in small business, which included a premium rate adjustment, as discussed in Note 18 of the Notes to Consolidated Financial Statements under Item 8.", "Net written premiums for Specialty in 2016 were consistent with 2015 as growth in warranty was offset by a decrease in management and professional liability and health care due to underwriting actions undertaken in certain business lines.", "Net written premiums for International in 2016 were consistent with 2015 and include favorable period over period premium development of $24 million.", "Excluding the effect of foreign currency exchange rates and premium development, net written premiums increased 1.4% in 2016 in International.", "The increase in net earned premiums was consistent with the trend in net written premiums in Commercial.", "Excluding the effect of foreign currency exchange rates and premium development, the increase in net earned premiums was consistent with the trend in net written premiums in International.", "Net operating income increased $15 million in 2016 as compared with 2015.", "The increase in net operating income was primarily due to higher favorable net prior year reserve development and net investment income, partially offset by an increase in the current accident year loss ratio and higher underwriting expenses.", "Catastrophe losses were $100 million (after tax and noncontrolling interests) in 2016 as compared to catastrophe losses of $85 million (after tax and noncontrolling interests) in 2015.", "Favorable net prior year development of $316 million and $218 million was recorded in 2016 and 2015.", "Specialty recorded favorable net prior year development of $305 million and $152 million in 2016 and 2015, Commercial recorded unfavorable net prior year development of $53 million in 2016 as compared with favorable net prior year development of $30 million in 2015 and International recorded favorable net prior year development of $64 million and $36 million in 2016 and 2015.", "Further information on net prior year development is included in Note 8 of the Notes to Consolidated Financial Statements included under Item 8.", "Specialty’s combined ratio decreased 3.7 points in 2016 as compared with 2015.", "The loss ratio decreased 4.6 points due to higher favorable net prior year reserve development, partially offset by a higher current accident year loss ratio.", "Specialty’s expense ratio increased 0.9 points in 2016 as compared with 2015 due to higher employee costs and higher information technology (“IT”) spending primarily related to new underwriting platforms.", "Item 7.", "Management’s Discussion and Analysis of Financial Condition and Results of Operations Results of Operations – Boardwalk Pipeline – (Continued) Results of Operations The following table summarizes the results of operations for Boardwalk Pipeline for the years ended December 31, 2016, 2015 and 2014 as presented in Note 20 of the Notes to Consolidated Financial Statements included under Item 8:", "| Year Ended December 31|2016|2015|2014|\n| (In millions)||||\n|Revenues:||||\n|Other revenue, primarily operating|$ 1,316|$ 1,253|$ 1,235|\n|Net investment income||1|1|\n|Total|1,316|1,254|1,236|\n|Expenses:||||\n|Operating|835|851|931|\n|Interest|183|176|165|\n|Total|1,018|1,027|1,096|\n|Income before income tax|298|227|140|\n|Income tax expense|-61|-46|-11|\n|Amounts attributable to noncontrolling interests|-148|-107|-111|\n|Net income attributable to Loews Corporation|$ 89|$ 74|$ 18|\n", "2016 Compared with 2015 Total revenues increased $62 million in 2016 as compared with 2015.", "Excluding the net effect of $13 million of proceeds received from the settlement of a legal matter in 2016, $9 million of proceeds received from a business interruption claim in 2015 and items offset in fuel and transportation expense, primarily retained fuel, operating revenues increased $83 million.", "The increase was driven by an increase in transportation revenues of $71 million, which resulted primarily from growth projects recently placed into service, incremental revenues from the Gulf South rate case of $18 million and a full year of revenues from the Evangeline pipeline.", "Storage and PAL revenues were higher by $17 million primarily from the effects of favorable market conditions on time period price spreads.", "Operating expenses decreased $16 million in 2016 as compared with 2015.", "Excluding receipt of a franchise tax refund of $10 million in 2015 and items offset in operating revenues, operating costs and expenses increased $5 million primarily due to higher employee related costs, partially offset by decreases in maintenance activities and depreciation expense.", "Interest expense increased $7 million primarily due to higher average interest rates compared to 2015.", "Net income increased $15 million in 2016 as compared with 2015, primarily reflecting higher revenues and lower operating expenses, partially offset by higher interest expense as discussed above.2015 Compared with 2014 Total revenues increased $18 million in 2015 as compared with 2014.", "Excluding the business interruption claim proceeds of $8 million and items offset in fuel and transportation expense, primarily retained fuel, operating revenues increased $33 million.", "This increase is primarily due to higher transportation revenues of $39 million from growth projects recently placed into service, including the Evangeline pipeline which was acquired in October of 2014 and $20 million of additional revenues resulting from the Gulf South rate case, partially offset by the effects of comparably warm weather experienced in the early part of the 2015 period in Boardwalk Pipeline’s market areas and unfavorable market conditions.", "Storage and PAL revenues decreased $20 million primarily as a result of the effects of unfavorable market conditions on time period price spreads.", "Operating expenses decreased $80 million in 2015 as compared with 2014.", "This decrease is primarily due to a $94 million prior year charge to write off all capitalized costs associated with the terminated Bluegrass project, a $10 million franchise tax refund related to settlement of prior tax periods and a decrease in fuel and transportation expense due to lower natural gas prices.", "These decreases were partially offset by higher depreciation expense of $35"], "table_evidence": [28], "paragraph_evidence": [-1], "source": "multihiertt", "original_question_id": "5b517a2f25604d1da72d9b9ab5d7f7f2"}
{"question": "What is the sum of the Total Loans in the sections where Commercial Loans is positive? (in thousand)", "python_solution": "def solution():\n    # Define variables name and value\n    commercial_loans_positive = 534893\n    loans_1_year_to_5_years = 3558994\n    loans_greater_than_5_years = 2687348\n\n    # Do math calculation to get the answer\n    answer = commercial_loans_positive + loans_1_year_to_5_years + loans_greater_than_5_years\n    \n    return answer\n\nsolution()", "ground_truth": 6781235.0, "question_id": "simplong-testmini-70", "paragraphs": ["Amounts Recorded In Accumulated Other Comprehensive Loss Unrealized losses from interest rate cash flow hedges recorded in AOCI as of May 27, 2012, totaled $73.6 million after tax.", "These deferred losses are primarily related to interest rate swaps that we entered into in contemplation of future borrowings and other financ\u0002ing requirements and that are being reclassified into net interest over the lives of the hedged forecasted transac\u0002tions.", "Unrealized losses from foreign currency cash flow hedges recorded in AOCI as of May 27, 2012, were $1.7 million after-tax.", "The net amount of pre-tax gains and losses in AOCI as of May 27, 2012, that we expect to be reclassified into net earnings within the next 12 months is $14.0 million of expense.", "Credit-Risk-Related Contingent Features Certain of our derivative instruments contain provisions that require us to maintain an investment grade credit rating on our debt from each of the major credit rat\u0002ing agencies.", "If our debt were to fall below investment grade, the counterparties to the derivative instruments could request full collateralization on derivative instru\u0002ments in net liability positions.", "The aggregate fair value of all derivative instruments with credit-risk-related contingent features that were in a liability position on May 27, 2012, was $19.9 million.", "We have posted col\u0002lateral of $4.3 million in the normal course of business associated with these contracts.", "If the credit-risk-related contingent features underlying these agreements had been triggered on May 27, 2012, we would have been required to post an additional $15.6 million of collateral to counterparties.", "Concentrations Of Credit And Counterparty Credit Risk During fiscal 2012, Wal-Mart Stores, Inc.  and its affili\u0002ates (Wal-Mart) accounted for 22 percent of our con\u0002solidated net sales and 30 percent of our net sales in the U. S.  Retail segment.", "No other customer accounted for 10 percent or more of our consolidated net sales.", "Wal\u0002Mart also represented 6 percent of our net sales in the International segment and 7 percent of our net sales in the Bakeries and Foodservice segment.", "As of May 27, 2012, Wal-Mart accounted for 26 percent of our U. S.  Retail receivables, 5 percent of our International receiv\u0002ables, and 9 percent of our Bakeries and Foodservice receivables.", "The five largest customers in our U. S.  Retail segment accounted for 54 percent of its fiscal 2012 net sales, the five largest customers in our International segment accounted for 26 percent of its fiscal 2012 net sales, and the five largest customers in our Bakeries and Foodservice segment accounted for 46 percent of its fis\u0002cal 2012 net sales.", "We enter into interest rate, foreign exchange, and cer\u0002tain commodity and equity derivatives, primarily with a diversified group of highly rated counterparties.", "We continually monitor our positions and the credit rat\u0002ings of the counterparties involved and, by policy, limit the amount of credit exposure to any one party.", "These transactions may expose us to potential losses due to the risk of nonperformance by these counterparties; however, we have not incurred a material loss.", "We also enter into commodity futures transactions through vari\u0002ous regulated exchanges.", "The amount of loss due to the credit risk of the coun\u0002terparties, should the counterparties fail to perform according to the terms of the contracts, is $19.5 million against which we do not hold collateral.", "Under the terms of master swap agreements, some of our transactions require collateral or other security to support financial instruments subject to threshold levels of exposure and counterparty credit risk.", "Collateral assets are either cash or U. S.  Treasury instruments and are held in a trust account that we may access if the counterparty defaults.", "NOTE 8.", "DEBT Notes Payable The components of notes payable and their respective weighted-average interest rates at the end of the periods were as follows:", "||May 27, 2012|May 29, 2011|\n|In Millions|Notes Payable|Weighted- Average Interest Rate|NotesPayable|Weighted-AverageInterest Rate|\n|U.S. commercial paper|$412.0|0.2%|$192.5|0.2%|\n|Financial institutions|114.5|10.0|118.8|11.5|\n|Total|$526.5|2.4%|$311.3|4.5%|\n", "To ensure availability of funds, we maintain bank credit lines sufficient to cover our outstanding short\u0002term borrowings.", "Commercial paper is a continuing source of short-term financing.", "We have commercial paper programs available to us in the United States and Europe.", "In April 2012, we entered into fee-paid commit\u0002ted credit lines, consisting of a $1.0 billion facility sched\u0002uled to expire in April 2015 and a $1.7 billion facility", "Receivables and Other Assets: Brokerage client receivables, receivables from broker-dealers and clearing organizations, stock borrowed receivables, other receivables and certain other assets are recorded at amounts that approximate fair value.", "RJ Bank holds stock in the FHLB, which is restricted and lacks a market.", "FHLB stock can only be sold to the FHLB or another member institution at its par value.", "Cost was used to estimate the fair value.", "In addition, RJ Bank holds a small Community Reinvestment Act investment for which cost approximates fair value.", "Bank Deposits: The fair values for demand deposits are equal to the amount payable on demand at the reporting date (that is, their carrying amounts).", "The carrying amounts of variable-rate money-market and savings accounts approximate their fair values at the reporting date as these are short-term in nature.", "Fair values for fixed-rate certificate accounts are estimated using a discounted cash flow calculation that applies interest rates currently being offered on certificates to a schedule of expected monthly maturities on time deposits.", "Payables: Brokerage client payables, payables due to broker-dealers and clearing organizations, stock loaned payables, and trade and other payables are recorded at amounts that approximate fair value.", "Other Borrowings: The fair value of the FHLB advances held at RJ Bank is based on the discounted value of contractual cash flows.", "The discount rate is estimated using the rates currently offered by creditors for advances of similar terms and remaining maturities.", "Corporate Debt: The fair value of the mortgage note payable associated with the financing of our home office complex is based upon an estimate of the current market rates for similar loans.", "The fair value of our senior notes due August 2019 is based upon recent trades of those debt securities in the market.", "Off-Balance Sheet Financial Instruments: The fair value of letters of credit and unfunded commitments to extend credit is based on the fees currently charged to enter into similar agreements.", "The aggregate of these fees is not material, and therefore are excluded from the table below.", "These instruments are further referenced in Note 22 of the Notes to the Consolidated Financial Statements.", "For those financial instruments which the fair value is not reflected on the Consolidated Statements of Financial Condition, we have estimated their fair value in part, based upon our assumptions, the estimated amount and timing of future cash flows and estimated discount rates.", "Different assumptions could significantly affect these estimated fair values.", "Accordingly, the net realizable values could be materially different from the estimates presented below.", "In addition, the estimates are only indicative of the value of individual financial instruments and should not be considered an indication of our fair value.", "We are not required to disclose the fair value of non-financial instruments including property, equipment and leasehold improvements as well as goodwill.", "The carrying amounts and estimated fair values of our financial instruments that are not carried at fair value at September 30, 2009 and 2008 are as follows:", "||September 30, 2009|September 30, 2008|\n||Carrying Amount|Estimated Fair Value|Carrying Amount|Estimated Fair Value|\n||(in 000’s)|\n|Financial Assets:|||||\n|Bank Loans, Net|$ 6,593,973|$ 6,597,496|$ 7,095,227|$ 7,086,596|\n|Financial Liabilities:|||||\n|Bank Deposits|9,423,387|9,428,892|8,774,457|8,778,299|\n|Other Borrowings|980,000|982,741|2,150,000|2,151,939|\n|Corporate Debt|359,034|398,108|62,224|59,704|\n", "The following table shows the contractual maturities of RJ Bank’s loan portfolio at September 30, 2009, including contractual principal repayments.", "This table does not, however, include any estimates of prepayments.", "These prepayments could significantly shorten the average loan lives and cause the actual timing of the loan repayments to differ from those shown in the following table:", "||Due in||\n||1 Year or Less|1 Year – 5 Years|>5 Years|Total|\n||(in 000’s)|\n|Commercial Loans|$ 46,640|$ 656,150|$ 148,867|$ 851,657|\n|Real Estate Construction Loans|16,307|129,784|17,860|163,951|\n|Commercial Real Estate Loans -1|469,227|2,760,796|113,966|3,343,989|\n|Residential Mortgage Loans|348|11,717|2,386,757|2,398,822|\n|Consumer Loans|2,371|547|19,898|22,816|\n|Total Loans|$ 534,893|$ 3,558,994|$ 2,687,348|$ 6,781,235|\n", "(1) Of this amount, $1.2 billion is secured by non-owner occupied commercial real estate properties or their repayment is dependent upon the operation or sale of commercial real estate properties as of September 30, 2009.", "The remainder is wholly or partially secured by real estate, the majority of which is also secured by other assets of the borrower.", "RJ Bank’s nonperforming loans are comprised of loans where management has determined that full and timely collection of interest and principal is in doubt, loans which are 90 days past due and those loans which are troubled debt restructurings.", "Nonperforming assets include other real estate acquired through foreclosure or by deed in lieu of foreclosure in addition to all nonperforming loans.", "Some states require a redemption period on foreclosures, which could prolong the amount of time it may take to foreclose on a property.", "RJ Bank has two properties totaling $484,000 of the total 23 properties owned which are still subject to redemption, however; no properties have ever been redeemed from RJ Bank.", "The following table presents the comparative data for nonperforming loans and assets:", "||September 30, 2009|September 30, 2008|September 30, 2007|September 30, 2006|September 30, 2005|\n||($ in 000’s)|\n|Nonaccrual Loans:||||||\n|Corporate|$ 73,961|$ 37,462|$ -|$ -|$ -|\n|Residential/Consumer|55,097|14,571|1,391|2,091|117|\n|Total|129,058|52,033|1,391|2,091|117|\n|Accruing Loans Which are 90 Days||||||\n|Past Due:||||||\n|Corporate|12,461|-|682|-|550|\n|Residential/Consumer|16,863|6,131|1,992|-|650|\n|Total|29,324|6,131|2,674|-|1,200|\n|Total Nonperforming Loans|158,382|58,164|4,065|2,091|1,317|\n|Real Estate Owned and Other||||||\n|Repossessed Assets, Net:||||||\n|Corporate|4,646|1,928|-|-|-|\n|Residential/Consumer|4,045|2,216|1,653|-|-|\n|Total|8,691|4,144|1,653|-|-|\n|Total Nonperforming Assets, Net|$ 167,073|$ 62,308|$ 5,718|$ 2,091|$ 1,317|\n|Total Nonperforming Assets as a % of||||||\n|Total Loans, Net and Other Real||||||\n|Estate Owned, Net|2.53%|0.88%|0.12%|0.09%|0.13%|\n", "As of September 30, 2009, RJ Bank had commitments to lend $5.2 million to borrowers whose loans were classified as nonperforming", "Restricted Stock Plan Under the 2005 Restricted Stock Plan we are authorized to issue up to 10,425,000 restricted stock units or restricted shares of common stock to employees and independent contractors.", "Restricted stock grants under the 2005 Plan are limited to 2,000,000 shares per fiscal year.", "The 2005 Plan was established to replace, on substantially the same terms and conditions, the 1999 Plan.", "During the three months ended March 31, 2006, this plan was amended to allow the issuance of restricted stock units as retention measures for certain employees of our Canadian subsidiary.", "In addition, we, through that Canadian subsidiary, established a trust fund which is associated with the 2005 Plan.", "This trust fund was established and funded to enable the trust fund to acquire our common stock in the open market to be used to settle restricted stock units granted as a retention vehicle for certain employees of the Canadian subsidiary.", "Awards under this plan may be granted by us in connection with initial employment or under various retention plans for individuals who are responsible for a contribution to the management, growth, and/or profitability.", "These awards are forfeitable in the event of termination other than for death, disability or retirement.", "The compensation cost is recognized over the applicable vesting period of the awards and is calculated as the market value of the awards on the date of grant.", "The following employee related activity occurred during the fiscal year ended September 30, 2009:", "||Shares/Units|Weighted Average Grant Date Fair Value ($)|\n|Nonvested at|||\n|October 1, 2008|3,148,352|$ 27.23|\n|Granted|1,027,000|17.63|\n|Vested|-426,174|21.86|\n|Forfeited|-89,064|25.25|\n|Nonvested at|||\n|September 30, 2009|3,660,114|$ 25.18|\n", "Share-based compensation expense and income tax benefits related to our Restricted Stock Plan is presented below:", "||Year Ended September 30,|\n||2009|2008|2007|\n||(in 000's)|\n|Total share-based compensation expense|$ 18,707|$ 17,486|$ 11,731|\n|Income tax benefits related to share-based compensation|7,025|6,645|4,458|\n", "As of September 30, 2009, there was $48.2 million of total unrecognized pre-tax compensation cost, net of estimated forfeitures, related to grants under our Restricted Stock Plan.", "These costs are expected to be recognized over a weighted average period of approximately 3.46 years.", "The total fair value of shares vested under this plan during the fiscal year ended September 30, 2009 was $9.3 million.", "Employee Stock Purchase Plan Under the 2003 Employee Stock Purchase Plan, we are authorized to issue up to 7,375,000 shares of common stock to our full-time employees, nearly all of whom are eligible to participate.", "Under the terms of the Plan, employees can choose each year to have up to 20% of their annual compensation specified to purchase our common stock.", "Share purchases in any calendar year are limited to the lesser of 1,000 shares or shares with a fair market value of $25,000.", "The purchase price of the stock is 85% of the market price on the day prior to the purchase date.", "Under the Plan we sold approximately 532,000, 725,000 and 444,000 shares to employees during the years ended September 30, 2009, September 30, 2008 and September 30, 2007, respectively.", "The compensation cost is calculated as the value of the 15% discount from market value and was $1.3 million, $2.9 million and $2.1 million during the years ended September 30, 2009, September 30, 2008 and September 30, 2007, respectively.", "In the normal course of business, we enter into underwriting commitments.", "RJ&A and RJ Ltd. , as a lead, co-lead or syndicate member in the underwriting deal, may be subject to market risk on any unsold shares issued in the offering to which we are committed.", "Risk exposure is controlled by limiting participation, the deal size or through the syndication process.", "Interest Rate Risk We are exposed to interest rate risk as a result of maintaining trading inventories of fixed income instruments and actively manage this risk using hedging techniques that involve swaps, futures, and U. S.  Treasury and agency MBS pass\u0002through obligations.", "We monitor, on a daily basis, the Value-at-Risk (“VaR”) in our institutional Fixed Income trading portfolios (cash instruments and interest rate derivatives).", "VaR is a statistical technique for estimating the potential loss in trading portfolios due to typical adverse market movements over a specified time horizon at a particular confidence level.", "To calculate VaR, we use historical simulation.", "This approach assumes that historical changes in market conditions are representative of future changes.", "The simulation is based upon daily market data for the previous twelve months.", "VaR is reported at a 99% confidence level, based on a one-day time horizon.", "This means that we could expect to incur losses greater than those predicted by the VaR estimates only once in every 100 trading days, or about 2.5 times a year on average over the course of time.", "During the fiscal year ended September 30, 2009, the reported daily loss in the institutional Fixed Income trading portfolio exceeded the predicted VaR one time.", "However, trading losses on a single day could exceed the reported VaR by significant amounts in unusually volatile markets and might accumulate over a longer time horizon, such as a number of consecutive trading days.", "Accordingly, we employ additional interest rate risk controls including stress testing, position limits, a daily review of trading results, review of the status of aged inventory, independent controls on pricing, monitoring of concentration risk and review of issuer ratings.", "The following table sets forth the high, low and daily average VaR for our overall institutional portfolio during the fiscal year ended September 30, 2009, with the corresponding dollar value of our portfolio:"], "table_evidence": [54], "paragraph_evidence": [53], "source": "multihiertt", "original_question_id": "d8101694e8474f8286adf9b9e4f6be55"}
{"question": "What is the sum of the Price/mix-1 in the sections where Volume – Units is positive?", "python_solution": "def solution():\n    # Define variables name and value\n    part_0 = 12.9 - 7.9\n    part_1 = part_0 + 4\n    part_2 = part_1 - 1\n    answer = part_2 + 8\n    \n    return answer", "ground_truth": 16.0, "question_id": "simplong-testmini-71", "paragraphs": ["Table of Contents ADOBE INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) Goodwill, Purchased Intangibles and Other Long-Lived Assets Goodwill is assigned to one or more reporting segments on the date of acquisition.", "We review our goodwill for impairment annually during our second quarter of each fiscal year and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of any one of our reporting units below its respective carrying amount.", "In performing our goodwill impairment test, we first perform a qualitative assessment, which requires that we consider events or circumstances including macroeconomic conditions, industry and market considerations, cost factors, overall financial performance, changes in management or key personnel, changes in strategy, changes in customers, changes in the composition or carrying amount of a reporting segment’s net assets and changes in our stock price.", "If, after assessing the totality of events or circumstances, we determine that it is more likely than not that the fair values of our reporting segments are greater than the carrying amounts, then the quantitative goodwill impairment test is not performed.", "If the qualitative assessment indicates that the quantitative analysis should be performed, we then evaluate goodwill for impairment by comparing the fair value of each of our reporting segments to its carrying value, including the associated goodwill.", "To determine the fair values, we use the equal weighting of the market approach based on comparable publicly traded companies in similar lines of businesses and the income approach based on estimated discounted future cash flows.", "Our cash flow assumptions consider historical and forecasted revenue, operating costs and other relevant factors.", "We completed our annual goodwill impairment test in the second quarter of fiscal 2018.", "We determined, after performing a qualitative review of each reporting segment, that it is more likely than not that the fair value of each of our reporting segments substantially exceeds the respective carrying amounts.", "Accordingly, there was no indication of impairment and the quantitative goodwill impairment test was not performed.", "We did not identify any events or changes in circumstances since the performance of our annual goodwill impairment test that would require us to perform another goodwill impairment test during the fiscal year.", "We amortize intangible assets with finite lives over their estimated useful lives and review them for impairment whenever an impairment indicator exists.", "We continually monitor events and changes in circumstances that could indicate carrying amounts of our long-lived assets, including our intangible assets may not be recoverable.", "When such events or changes in circumstances occur, we assess recoverability by determining whether the carrying value of such assets will be recovered through the undiscounted expected future cash flows.", "If the future undiscounted cash flows are less than the carrying amount of these assets, we recognize an impairment loss based on any excess of the carrying amount over the fair value of the assets.", "We did not recognize any intangible asset impairment charges in fiscal 2018, 2017 or 2016.", "During fiscal 2018, our intangible assets were amortized over their estimated useful lives ranging from 1 to 14 years.", "Amortization is based on the pattern in which the economic benefits of the intangible asset will be consumed or on a straight-line basis when the consumption pattern is not apparent.", "The weighted average useful lives of our intangible assets were as follows:", "||Weighted AverageUseful Life (years)|\n|Purchased technology|6|\n|Customer contracts and relationships|9|\n|Trademarks|9|\n|Acquired rights to use technology|10|\n|Backlog|2|\n|Other intangibles|4|\n", "Income Taxes We use the asset and liability method of accounting for income taxes.", "Under this method, income tax expense is recognized for the amount of taxes payable or refundable for the current year.", "In addition, deferred tax assets and liabilities are recognized for expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating losses and tax credit carryforwards.", "We record a valuation allowance to reduce deferred tax assets to an amount for which realization is more likely than not.", "2007 compared with 2006 The decrease in interest expense in 2007 compared with 2006 was primarily due to the following: ?", "a $7.2 million decrease due to the retirement of the Company’s 5.625% euro notes in July 2006; ?", "a decrease of $4.3 million related to higher capitalized interest during the construction of capital investment projects in 2007 compared with 2006; partially offset by; ?", "an increase of $1.8 million as a result of additional expense related to the compounding of interest on the amount payable pursuant to the asbestos settlement agreement; and ?", "an increase of $1.2 million due to the impact of higher interest rates on the Company’s $300.0 million of outstanding interest rate swaps entered into to effectively convert its 5.375% senior notes due April 2008 into floating rate debt.2006 compared with 2005 The decrease in interest expense in 2006 compared with 2005 was primarily due to the following: ?", "a $7.5 million decrease due to the retirement of the Company’s 5.625% euro notes in July 2006, and ?", "a decrease of $1.8 million related to higher capitalized interest during the construction of capital investment projects in 2006 compared with 2005; partially offset by; ?", "an increase of $5.0 million due to the impact of higher interest rates on the Company’s $300.0 million of outstanding interest rate swaps entered into to effectively convert its 5.375% senior notes due April 2008 into floating rate debt; and ?", "an increase of $1.7 million caused by additional expense related to the compounding of interest on the amount payable pursuant to the asbestos settlement agreement.", "Gain on Sale of Equity Method Investment On February 9, 2007, the Company sold its 50% investment in PolyMask Corporation to its joint venture partner, 3M Company (the ‘‘PolyMask transaction’’).", "The joint venture was formed in 1991 between the Company and 3M to produce and sell non-packaging surface protection films.", "Prior to the sale, the Company accounted for this joint venture under the equity method of accounting.", "The Company received an aggregate cash amount of $36.0 million for the transaction and other related assets and recorded a pre-tax gain of $35.3 million ($22.4 million after-tax) in the first quarter of 2007.", "This gain was reflected as a gain on sale of equity method investment on the Company’s consolidated statements of operations.", "The Company’s proportionate share of PolyMask Corporation’s net income was $0.4 million in 2007, $3.9 million in 2006 and $2.6 million in 2005 and was included in other income, net, on the consolidated statements of operations.", "The Company’s investment in this joint venture was not material to the Company’s consolidated financial position or results of operations.", "Other Income, Net The following table provides details of the Company’s other income, net:", "||2007|2006|2005|\n|Interest and dividend income|$19.9|$16.8|$11.1|\n|Net foreign exchange transaction loss|-6.4|-4.1|-4.7|\n|Asbestos settlement and related costs|-0.7|-1.6|-2.2|\n|Advisory expenses incurred prior to ceasing work on an acquisition|-7.5|—|—|\n|Loss on sale of small product line|-6.8|—|—|\n|Gain on termination of forward starting interest rate swaps|3.7|—|—|\n|Other, net|9.8|10.9|11.7|\n|Other income, net|$12.0|$22.0|$15.9|\n", "Interest and dividend income increased in 2007 compared with 2006 and 2005 primarily due to higher interest rates on the Company’s investments and to a lesser extent higher cash balances.", "See Note 12,", "Global Operations We operate through our subsidiaries and have a presence in the U. S.  and the 57 other countries/regions listed below, enabling us to distribute our products to our customers in 122 countries/regions.", "|Argentina|Egypt|Italy|Peru|Sweden|\n|Australia|Finland|Jamaica|Philippines|Switzerland|\n|Austria|France|Japan|Poland|Taiwan|\n|Belgium|Germany|Kenya|Portugal|Thailand|\n|Brazil|Greece|Luxembourg|Romania|Turkey|\n|Canada|Guatemala|Malaysia|Russia|Ukraine|\n|Chile|Hong Kong|Mexico|Saudi Arabia|United Arab Emirates|\n|China|Hungary|Morocco|Singapore|United Kingdom|\n|Colombia|India|Netherlands|Slovakia|Uruguay|\n|Costa Rica|Indonesia|New Zealand|South Africa||\n|Czech Republic|Ireland|Nigeria|South Korea||\n|Denmark|Israel|Norway|Spain||\n", "In maintaining our foreign operations, we face risks inherent in these operations, such as currency fluctuations, inflation and political instability.", "Information on currency exchange risk appears in Part II, Item 7A of this Annual Report on Form 10-K, which information is incorporated herein by reference.", "Other risks attendant to our foreign operations are set forth in Part I, Item 1A “Risk Factors,” of this Annual Report on Form 10-K, which information is incorporated herein by reference.", "Information on the impact of currency exchange on our Consolidated Financial Statements appears in Part II, Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations.", "” Financial information showing net sales and total long-lived assets by geographic region for each of the two years ended December 31, 2017 appears in Note 4, “Segments,” which information is incorporated herein by reference.", "We maintain programs to comply with the various laws, rules and regulations related to the protection of the environment that we may be subject to in the many countries/regions in which we operate.", "See Part II, Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” under the caption “Environmental Matters.", "” Employees As of December 31, 2017, we had approximately 15,000 employees worldwide.", "Approximately 5,800 of these employees were in the U. S. , with approximately 112 of these employees covered by collective bargaining agreements.", "Of the approximately 9,200 employees who were outside the U. S. , approximately 5,400 were covered by collective bargaining agreements.", "Collective bargaining agreements related to 15% of our employees, primarily outside the U. S. , will expire within the next year and we will be engaged in negotiations to attain new agreements.", "Many of the covered employees are represented by works councils or industrial boards, as is customary in the jurisdictions in which they are employed.", "We believe that our employee relations are satisfactory.", "Marketing, Distribution and Customers At December 31, 2017, we employed approximately 2,300 sales, marketing and customer service personnel throughout the world who sell and market our products to and through a large number of distributors, fabricators, converters, e-commerce and mail order fulfillment firms, and contract packaging firms as well as directly to end-users such as food processors, foodservice businesses, supermarket retailers, lodging, retail, pharmaceutical companies, healthcare facilities, medical device manufacturers, and other manufacturers.", "To support our Food Care and New Ventures customers, we operate three Packforum?", "innovation and learning centers that are located in the U. S. , France, and China.", "At Packforum?", "Centers, we assist customers in identifying the appropriate packaging materials and systems to meet their needs.", "We also offer ideation services, educational seminars, employee training and customized graphic design services to our customers.", "To assist our marketing efforts for our Product Care products and to provide specialized customer services, we operate 35 industrial Package Design Centers (PDCs) worldwide within our facilities.", "These PDCs are staffed with professional", "net sales excluding the impact of foreign currency translation, a non-U.", "S.  GAAP measure, which we define as “constant dollar” and the change in net sales excluding acquisitions and divestitures and the impact of foreign currency translation, a non-U.", "S.  GAAP measure, which we define as \"organic. \"", "We believe using constant and organic dollar measures aids in the comparability between periods as it eliminates the volatility of changes in foreign currency exchange rates and eliminates large fluctuations due to acquisitions or divestitures.", "|(In millions)|North America|EMEA|Latin America|APAC|Total|\n|2017 Net Sales|$2,415.0|54.1%|$984.7|22.1%|$409.3|9.2%|$652.6|14.6%|$4,461.6||\n|Volume – Units|14.2|0.6%|15.1|1.5%|23.4|5.7%|15.0|2.3%|67.7|1.5%|\n|Price/mix-1|76.0|3.1%|13.7|1.4%|45.6|11.1%|-2.3|-0.4%|133.0|3.0%|\n|Total organic change (non-U.S. GAAP)|90.2|3.7%|28.8|2.9%|69.0|16.8%|12.7|1.9%|200.7|4.5%|\n|Acquisition|43.8|1.8%|—|—%|1.4|0.3%|68.6|10.5%|113.8|2.6%|\n|Total constant dollar change (non-U.S. GAAP)|134.0|5.5%|28.8|2.9%|70.4|17.1%|81.3|12.4%|314.5|7.1%|\n|Foreign currency translation|-0.1|—%|24.5|2.5%|-62.6|-15.3%|-5.2|-0.8%|-43.4|-1.0%|\n|Total change (U.S. GAAP)|133.9|5.5%|53.3|5.4%|7.8|1.8%|76.1|11.6%|271.1|6.1%|\n|2018 Net Sales|$2,548.9|53.9%|$1,038.0|21.9%|$417.1|8.8%|$728.7|15.4%|$4,732.7||\n", "(In millions)", "|(In millions)|North America|EMEA|Latin America|APAC|Total|\n|2016 Net Sales|$2,237.8|53.1%|$962.7|22.9%|$396.8|9.4%|$614.0|14.6%|$4,211.3||\n|Volume – Units|161.4|7.2%|12.9|1.3%|5.9|1.5%|8.6|1.4%|188.8|4.5%|\n|Price/mix-1|12.9|0.6%|-7.9|-0.8%|4.0|1.0%|-1.0|-0.2%|8.0|0.2%|\n|Total organic change (non-U.S. GAAP)|174.3|7.8%|5.0|0.5%|9.9|2.5%|7.6|1.2%|196.8|4.7%|\n|Acquisition|—|—%|—|—%|—|—%|23.6|3.8%|23.6|0.6%|\n|Total constant dollar change (non-U.S. GAAP)|174.3|7.8%|5.0|0.5%|9.9|2.5%|31.2|5.0%|220.4|5.3%|\n|Foreign currency translation|2.9|0.1%|17.0|1.8%|2.6|0.7%|7.4|1.2%|29.9|0.7%|\n|Total change (U.S. GAAP)|177.2|7.9%|22.0|2.3%|12.5|3.2%|38.6|6.2%|250.3|6.0%|\n|2017 Net Sales|$2,415.0|54.1%|$984.7|22.1%|$409.3|9.2%|$652.6|14.6%|$4,461.6||\n", "(1) Our price/mix reported above includes the net impact of our pricing actions and rebates as well as the period-to-period change in the mix of products sold.", "Also included in our reported price/mix is the net effect of some of our customers purchasing our products in non-U.", "S.  dollar or euro-denominated countries at selling prices denominated in U. S.  dollars or euros.", "This primarily arises when we export products from the U. S.  and euro-zone countries.", "The impact to our reported price/mix of these purchases in other countries at selling prices denominated in U. S.  dollars or euros was not material in the periods included in the table above.", "Net Sales by Segment The following tables present the components of change in net sales by our segment reporting structure for the year ended December 31, 2018 compared with 2017 and for the year ended December 31, 2017 compared with 2016.", "We also present the change in net sales excluding the impact of foreign currency translation, a non-U.", "S.  GAAP measure, which we define as “constant dollar” and the change in net sales excluding acquisitions and divestitures and the impact of foreign currency"], "table_evidence": [73], "paragraph_evidence": [74], "source": "multihiertt", "original_question_id": "c98d79603f7f4fec8cab9147fa147fb2"}
{"question": "What's the total amount of Defined benefit plans excluding those negative ones in 2015?", "python_solution": "def solution():\n    #Define variables name and value\n    service_cost = 2\n    interest_cost = 737\n    curtailments = 1\n    settlements = 3\n    amortization = 50\n\n    #Do math calculation to get the answer\n    answer = service_cost + interest_cost + curtailments + settlements + amortization\n    \n    return answer", "ground_truth": 793.0, "question_id": "simplong-testmini-72", "paragraphs": ["NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OF AMERICAN AIRLINES GROUP INC.", "|| Pension Benefits| Retiree Medical and Other Postretirement Benefits|\n|| 2015| 2014| 2015| 2014|\n|For plans with accumulated benefit obligations exceeding the fair value of plan assets:|||||\n|Projected benefit obligation (PBO)|$16,369|$17,560|$—|$—|\n|Accumulated benefit obligation (ABO)|16,357|17,548|—|—|\n|Accumulated postretirement benefit obligation (APBO)|—|—|1,129|1,324|\n|Fair value of plan assets|9,677|10,950|253|244|\n|ABO less fair value of plan assets|6,680|6,598|—|—|\n", "(1) At December 31, 2015, certain trust assets totaling approximately $24 million, were added to the retiree medical plan asset values that were previously offset against the benefit obligation.", "(2) The 2015 noncurrent liability does not include $17 million of other postretirement benefits or $1 million of prior service costs.", "The 2014 noncurrent liability does not include $18 million of other postretirement benefits or $2 million of prior service costs.", "The following tables provide the components of net periodic benefit cost (income) for the years ended December 31, 2015, 2014 and 2013 (in millions):", "||Pension Benefits|Retiree Medical and OtherPostretirement Benefits|\n||2015|2014|2013|2015|2014|2013|\n|Defined benefit plans:|||||||\n|Service cost|$2|$3|$3|$3|$1|$—|\n|Interest cost|737|746|654|50|61|50|\n|Expected return on assets|-851|-786|-720|-19|-19|-16|\n|Curtailments|—|—|2|—|—|—|\n|Settlements|1|4|-1|—|—|—|\n|Amortization of:|||||||\n|Prior service cost (benefit) (1)|28|28|28|-243|-244|-251|\n|Unrecognized net loss (gain)|112|43|90|-9|-8|-9|\n|Net periodic benefit cost (income) for defined benefit plans|29|38|56|-218|-209|-226|\n|Defined contribution plans|662|546|328|N/A|N/A|N/A|\n||$691|$584|$384|$-218|$-209|$-226|\n", "(1) The 2015 prior service cost does not include amortization of $3 million related to other postretirement benefits.", "The 2014 prior service cost does not include amortization of $14 million related to other postretirement benefits.", "The estimated amount of unrecognized net loss for the defined benefit pension plans that will be amortized from accumulated other comprehensive income (loss) into net periodic benefit cost over the next fiscal year is $126 million.", "The estimated amount of unrecognized net gain for the retiree medical and other postretirement plans that will be amortized from accumulated other comprehensive income (loss) into net periodic benefit cost over the next fiscal year is $16 million.", "Table of Contents The components of total net special charges (credits) in our accompanying consolidated statements of operations are as follows (in millions):", "||Year Ended December 31,|\n|2015| 2014|2013|\n|Other revenue special item, net -1|$—|$—|$-31|\n|Mainline operating special items, net -2|1,051|800|559|\n|Regional operating special items, net -3|29|24|8|\n|Nonoperating special items, net -4|594|132|211|\n|Reorganization items, net -5|—|—|2,655|\n|Income tax special items, net -6|-3,015|346|-324|\n|Total|$-1,341|$1,302|$3,078|\n", "(1) In 2013, other revenue special item, net included a credit to other revenues related to a change in accounting method resulting from the modification of American’s AAdvantage miles agreement with Citibank.", "(2) In 2015, mainline operating special items, net principally included $1.0 billion of merger integration expenses related to information technology, alignment of labor union contracts, professional fees, severance, share-based compensation, fleet restructuring, re-branding of aircraft and airport facilities, relocation and training.", "In 2014, mainline operating special items, net principally included $810 million of merger integration expenses related to information technology, alignment of labor union contracts, professional fees, severance and retention, share-based compensation, divestiture of London Heathrow slots, fleet restructuring, re-branding of aircraft and airport facilities, relocation and training.", "In addition, we recorded a net charge of $81 million for bankruptcy related items principally consisting of fair value adjustments for bankruptcy settlement obligations and an $81 million charge to revise prior estimates of certain aircraft residual values and other spare parts asset impairments.", "These charges were offset in part by a $309 million gain on the sale of slots at DCA.", "In 2013, mainline operating special items, net included $443 million of merger related expenses related to the alignment of labor union contracts, professional fees, severance, share-based compensation and fees for US Airways to exit the Star Alliance and its codeshare agreement with United Airlines.", "In addition, we recorded a $107 million charge related to American’s pilot long-term disability obligation, a $43 million charge for workers’ compensation claims and a $33 million aircraft impairment charge.", "These charges were offset in part by a $67 million gain on the sale of slots at LGA.", "(3) The 2015 regional operating special items, net principally related to merger integration expenses.", "The 2014 regional operating special items, net consisted primarily of a $24 million charge due to a new pilot labor contract at our Envoy regional subsidiary as well as $7 million of merger integration expenses, offset in part by an $8 million gain on the sale of certain spare parts.", "(4) In 2015, nonoperating special items, net principally included a $592 million charge to write off all of the value of Venezuelan bolivars held by us due to continued lack of repatriations and deterioration of economic conditions in Venezuela.", "In 2014, nonoperating special items, net principally included a $43 million charge for Venezuelan foreign currency losses, $56 million of early debt extinguishment costs primarily related to the prepayment of 7.50% senior secured notes and other indebtedness and $33 million of non-cash interest accretion on bankruptcy settlement obligations.", "In 2013, nonoperating special items, net consisted of interest charges of $138 million primarily to recognize post-petition interest expense on unsecured obligations pursuant to the Plan and penalty interest related to 10.5% secured notes and 7.50% senior secured notes, a $54 million charge related to the premium on tender for existing EETC financings and the write-off of debt issuance costs and $19 million in charges related to the repayment of existing EETC financings.", "Table of Contents The components of American’s total net special charges (credits) included in American’s accompanying consolidated statements of operations are as follows (in millions):", "||Year Ended December 31,|\n||2015| 2014|2013|\n|Other revenue special item, net -1|$—|$—|$-31|\n|Mainline operating special items, net -2|1,051|783|559|\n|Regional operating special items, net -3|18|5|—|\n|Nonoperating special items, net -4|616|128|121|\n|Reorganization items, net -5|—|—|2,640|\n|Income tax special items, net -6|-3,468|344|-324|\n|Total|$-1,783|$1,260|$2,965|\n", "(1) In 2013, other revenue special item, net included a credit to other revenues related to a change in accounting method resulting from the modification of American’s AAdvantage miles agreement with Citibank.", "(2) In 2015, mainline operating special items, net principally included $1.0 billion of merger integration expenses related to information technology, alignment of labor union contracts, professional fees, severance, share-based compensation, fleet restructuring, re-branding of aircraft and airport facilities, relocation and training.", "In 2014, mainline operating special items, net principally included $803 million of merger integration expenses related to information technology, alignment of labor union contracts, professional fees, severance and retention, share-based compensation, divestiture of London Heathrow slots, fleet restructuring, re-branding of aircraft and airport facilities, relocation and training.", "In addition, American recorded a net charge of $60 million for bankruptcy related items principally consisting of fair value adjustments for bankruptcy settlement obligations and an $81 million charge to revise prior estimates of certain aircraft residual values and other spare parts asset impairments.", "These charges were offset in part by a $309 million gain on the sale of slots at DCA.", "In 2013, mainline operating special items, net principally included $443 million of merger related expenses related to the alignment of labor union contracts, professional fees, severance, share-based compensation and fees for US Airways to exit the Star Alliance and its codeshare agreement with United Airlines.", "In addition,American recorded a $107 million charge related to American’s pilot long-term disability obligation, a $43 million charge for workers’ compensation claims and a $33 million aircraft impairment charge.", "These charges were offset in part by a $67 million gain on the sale of slots at LGA.", "(3) The 2015 and 2014 regional operating special items, net principally related to merger integration expenses.", "(4) In 2015, nonoperating special items, net principally included a $592 million charge to write off all of the value of Venezuelan bolivars held by American due to continued lack of repatriations and deterioration of economic conditions in Venezuela.", "In 2014, nonoperating special items, net principally included a $43 million charge for Venezuelan foreign currency losses, $56 million of early debt extinguishment costs primarily related to the prepayment of 7.50% senior secured notes and other indebtedness and $29 million of non-cash interest accretion on bankruptcy settlement obligations.", "In 2013, nonoperating special items, net consisted of interest charges of $48 million primarily to recognize post-petition interest expense on unsecured obligations pursuant to the Plan and penalty interest related to 10.5% secured notes and 7.50% senior secured notes, a $54 million charge related to the premium on tender for existing EETC financings and the write-off of debt issuance costs and $19 million in charges related to the repayment of existing EETC financings.", "(5) In 2013, American recognized reorganization expenses as a result of the filing of voluntary petitions for relief under Chapter 11.", "These amounts consisted primarily of estimated allowed claim amounts and professional fees.", "freesheet paper were higher in Russia, but lower in Europe reflecting weak economic conditions and market demand.", "Average sales price realizations for pulp decreased.", "Lower input costs for wood and purchased fiber were partially offset by higher costs for energy, chemicals and packaging.", "Freight costs were also higher.", "Planned maintenance downtime costs were higher due to executing a significant once-every-ten-years maintenance outage plus the regularly scheduled 18-month outage at the Saillat mill while outage costs in Russia and Poland were lower.", "Manufacturing operating costs were favor\u0002able.", "Entering 2013, sales volumes in the first quarter are expected to be seasonally weaker in Russia, but about flat in Europe.", "Average sales price realizations for uncoated freesheet paper are expected to decrease in Europe, but increase in Russia.", "Input costs should be higher in Russia, especially for wood and energy, but be slightly lower in Europe.", "No maintenance outages are scheduled for the first quarter.", "Indian Papers includes the results of Andhra Pradesh Paper Mills (APPM) of which a 75% interest was acquired on October 14, 2011.", "Net sales were $185 million in 2012 and $35 million in 2011.", "Operat\u0002ing profits were a loss of $16 million in 2012 and a loss of $3 million in 2011.", "Asian Printing Papers net sales were $85 mil\u0002lion in 2012, $75 million in 2011 and $80 million in 2010.", "Operating profits were improved from break\u0002even in past years to $1 million in 2012.", "U. S.  Pulp net sales were $725 million in 2012 compared with $725 million in 2011 and $715 million in 2010.", "Operating profits were a loss of $59 million in 2012 compared with gains of $87 million in 2011 and $107 million in 2010.", "Sales volumes in 2012 increased from 2011 primarily due to the start-up of pulp production at the Franklin mill in the third quarter of 2012.", "Average sales price realizations were significantly lower for both fluff pulp and market pulp.", "Input costs were lower, primarily for wood and energy.", "Freight costs were slightly lower.", "Mill operating costs were unfavorable primarily due to costs associated with the start-up of the Franklin mill.", "Planned maintenance downtime costs were lower.", "In the first quarter of 2013, sales volumes are expected to be flat with the fourth quarter of 2012.", "Average sales price realizations are expected to improve reflecting the realization of sales price increases for paper and tissue pulp that were announced in the fourth quarter of 2012.", "Input costs should be flat.", "Planned maintenance downtime costs should be about $9 million higher than in the fourth quarter of 2012.", "Manufacturing costs related to the Franklin mill should be lower as we continue to improve operations.", "Consumer Packaging Demand and pricing for Consumer Packaging prod\u0002ucts correlate closely with consumer spending and general economic activity.", "In addition to prices and volumes, major factors affecting the profitability of Consumer Packaging are raw material and energy costs, freight costs, manufacturing efficiency and product mix.", "Consumer Packaging net sales in 2012 decreased 15% from 2011 and 7% from 2010.", "Operating profits increased 64% from 2011 and 29% from 2010.", "Net sales and operating profits include the Shorewood business in 2011 and 2010.", "Exclud\u0002ing asset impairment and other charges associated with the sale of the Shorewood business, and facility closure costs, 2012 operating profits were 27% lower than in 2011, but 23% higher than in 2010.", "Benefits from lower raw material costs ($22 million), lower maintenance outage costs ($5 million) and other items ($2 million) were more than offset by lower sales price realizations and an unfavorable product mix ($66 million), lower sales volumes and increased market-related downtime ($22 million), and higher operating costs ($40 million).", "In addition, operating profits in 2012 included a gain of $3 million related to the sale of the Shorewood business while operating profits in 2011 included a $129 million fixed asset impairment charge for the North Ameri\u0002can Shorewood business and $72 million for other charges associated with the sale of the Shorewood business.", "|In millions|2012|2011|2010|\n|Sales|$3,170|$3,710|$3,400|\n|Operating Profit|268|163|207|\n", "North American Consumer Packaging net sales were $2.0 billion in 2012 compared with $2.5 billion in 2011 and $2.4 billion in 2010.", "Operating profits were $165 million ($162 million excluding a gain related to the sale of the Shorewood business) in 2012 compared with $35 million ($236 million excluding asset impairment and other charges asso\u0002ciated with the sale of the Shorewood business) in 2011 and $97 million ($105 million excluding facility closure costs) in 2010.", "Coated Paperboard sales volumes in 2012 were lower than in 2011 reflecting weaker market demand.", "Average sales price realizations were lower, primar\u0002ily for folding carton board.", "Input costs for wood increased, but were partially offset by lower costs for chemicals and energy.", "Planned maintenance down\u0002time costs were slightly lower.", "Market-related down\u0002time was about 113,000 tons in 2012 compared with about 38,000 tons in 2011."], "table_evidence": [6], "paragraph_evidence": [5], "source": "multihiertt", "original_question_id": "957ef731274e4404b16caada9e4e0652"}
{"question": "What's the average of Notes payable, including accrued interest of Less than 1 year, and Gross written premiums of Years Ended December 31, 2012 ?", "python_solution": "def solution():\n    # Define variables name and value\n    notes_payable = 102493.0\n    gross_written_premiums = 1073.1\n    const_2 = 2\n    \n    # Do math calculation to get the answer\n    answer = (notes_payable + gross_written_premiums) / const_2\n    \n    return answer", "ground_truth": 51783.05, "question_id": "simplong-testmini-73", "paragraphs": ["A summary of these various obligations at December 31, 2012, follows (in millions):", "||Total|2013|2014 to2015|2016 to2017|Thereafter|\n|Reclamation and environmental obligationsa|$5,243|$246|$471|$329|$4,197|\n|Debt maturities|3,527|2|500|500|2,525|\n|Take-or-pay contractsb|2,200|976|731|286|207|\n|Scheduled interest payment obligationsc|1,289|121|241|226|701|\n|Operating lease obligations|205|32|38|31|104|\n|Totald|$12,464|$1,377|$1,981|$1,372|$7,734|\n", "a.", "Represents estimated cash payments, on an undiscounted and unescalated basis, associated with reclamation and environmental activities.", "The timing and the amount of these payments could change as a result of changes in regulatory requirements, changes in scope and timing of reclamation activities, the settlement of environmental matters and as actual spending occurs.", "Refer to Note 13 for additional discussion of environmental and reclamation matters.", "b.", "Represents contractual obligations for purchases of goods or services that are defined by us as agreements that are enforceable and legally binding and that specify all significant terms.", "Take-or\u0002pay contracts primarily comprise the procurement of copper concentrates ($799 million), electricity ($524 million) and transportation services ($448 million).", "Some of our take-or-pay contracts are settled based on the prevailing market rate for the service or commodity purchased, and in some cases, the amount of the actual obligation may change over time because of market conditions.", "Obligations for copper concentrates provide for deliveries of specified volumes to Atlantic Copper at market-based prices.", "Electricity obligations are primarily for contractual minimum demand at the South America and Tenke mines.", "Transportation obligations are primarily for South America contracted ocean freight and for North America rail freight.", "c.  Scheduled interest payment obligations were calculated using stated coupon rates for fixed-rate debt and interest rates applicable at December 31, 2012, for variable-rate debt.", "d.  This table excludes certain other obligations in our consolidated balance sheets, including estimated funding for pension obligations as the funding may vary from year to year based on changes in the fair value of plan assets and actuarial assumptions, accrued liabilities totaling $107 million that relate to unrecognized tax benefits where the timing of settlement is not determinable; Atlantic Copper's obligations for retired employees totaling $38 million (refer to Note 10); and PT Freeport Indonesia's reclamation and closure cash fund obligation totaling $17 million (refer to Note 13).", "This table also excludes purchase orders for the purchase of inventory and other goods and services, as purchase orders typically represent authorizations to purchase rather than binding agreements.", "In addition to our debt maturities and other contractual obligations discussed above, we have other commitments, which we expect to fund with available cash, projected operating cash flows, available credit facility or future financing transactions, if necessary.", "These include (i) PT Freeport Indonesia’s commitment to provide one percent of its annual revenue for the development of the local people in its area of operations through the Freeport Partnership Fund for Community Development, (ii) TFM’s commitment to provide 0.3 percent of its annual revenue for the development of the local people in its area of operations and (iii) other commercial commitments, including standby letters of credit, surety bonds and guarantees.", "Refer to Notes 13 and 14 for further discussion.", "CONTINGENCIES Environmental The cost of complying with environmental laws is a fundamental and substantial cost of our business.", "At December 31, 2012, we had $1.2 billion recorded in our consolidated balance sheets for environmental obligations attributed to CERCLA or analogous state programs and for estimated future costs associated with environmental obligations that are considered probable based on specific facts and circumstances.", "During 2012, we incurred environmental capital expenditures and other environmental costs (including our joint venture partners’ shares) of $612 million for programs to comply with applicable environmental laws and regulations that affect our operations, compared to $387 million in 2011 and $372 million in 2010.", "The increase in environmental costs in 2012, compared with 2011 and 2010, primarily relates to higher expenditures for land and settlements of environmental matters (see Note 13 for further discussion).", "For 2013, we expect to incur approximately $600 million of aggregate environmental capital expenditures and other environmental costs, which are part of our overall 2013 operating budget.", "The timing and amount of estimated payments could change as a result of changes in regulatory requirements, changes in scope and timing of reclamation activities, the settlement of environmental matters and as actual spending occurs.", "Refer to Note 13 for further information about environmental regulation, including significant environmental matters.", "Asset Retirement Obligations We recognize AROs as liabilities when incurred, with the initial measurement at fair value.", "These obligations, which are initially estimated based on discounted cash flow estimates, are accreted to full value over time through charges to income.", "Reclamation costs for disturbances are recorded as an ARO in the period of disturbance.", "Our cost estimates are reflected on a third-party cost basis and comply with our legal obligation to retire tangible, long-lived assets.", "At December 31, 2012, we had $1.1 billion recorded in our consolidated balance sheets for AROs.", "Spending", "ILLUMINA, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) Advertising Costs The Company expenses advertising costs as incurred.", "Advertising costs were approximately $440,000 for 2003, $267,000 for 2002 and $57,000 for 2001.", "Income Taxes A deferred income tax asset or liability is computed for the expected future impact of differences between the financial reporting and tax bases of assets and liabilities, as well as the expected future tax benefit to be derived from tax loss and credit carryforwards.", "Deferred income tax expense is generally the net change during the year in the deferred income tax asset or liability.", "Valuation allowances are established when realizability of deferred tax assets is uncertain.", "The effect of tax rate changes is reflected in tax expense during the period in which such changes are enacted.", "Foreign Currency Translation The functional currencies of the Company’s wholly owned subsidiaries are their respective local currencies.", "Accordingly, all balance sheet accounts of these operations are translated to U. S.  dollars using the exchange rates in effect at the balance sheet date, and revenues and expenses are translated using the average exchange rates in effect during the period.", "The gains and losses from foreign currency translation of these subsidiaries’ financial statements are recorded directly as a separate component of stockholders’ equity under the caption ‘‘Accumulated other comprehensive income.", "’’ Stock-Based Compensation At December 28, 2003, the Company has three stock-based employee and non-employee director compensation plans, which are described more fully in Note 5.", "As permitted by SFAS No.123, Accounting for Stock-Based Compensation, the Company accounts for common stock options granted, and restricted stock sold, to employees, founders and directors using the intrinsic value method and, thus, recognizes no compensation expense for options granted, or restricted stock sold, with exercise prices equal to or greater than the fair value of the Company’s common stock on the date of the grant.", "The Company has recorded deferred stock compensation related to certain stock options, and restricted stock, which were granted prior to the Company’s initial public offering with exercise prices below estimated fair value (see Note 5), which is being amortized on an accelerated amortiza\u0002tion methodology in accordance with Financial Accounting Standards Board Interpretation Number (‘‘FIN’’) 28.", "Pro forma information regarding net loss is required by SFAS No.123 and has been determined as if the Company had accounted for its employee stock options and employee stock purchases under the fair value method of that statement.", "The fair value for these options was estimated at the dates of grant using the fair value option pricing model (Black Scholes) with the following weighted-average assumptions for 2003, 2002 and 2001:", "||Year Ended  December 28,  2003|Year Ended  December 29,  2002|Year Ended  December 30,  2001|\n|Weighted average risk-free interest rate|3.03%|3.73%|4.65%|\n|Expected dividend yield|0%|0%|0%|\n|Weighted average volatility|103%|104%|119%|\n|Estimated life (in years)|5|5|5|\n|Weighted average fair value of options granted|$3.31|$4.39|$7.51|\n", "The Company renewed an unsecured bank credit line on April 29, 2010 which provides for funding of up to $5,000 and bears interest at the prime rate less 1% (2.25% at June 30, 2010).", "The credit line was renewed through April 29, 2012.", "At June 30, 2010, $762 was outstanding.", "The Company renewed a bank credit line on March 7, 2010 which provides for funding of up to $8,000 and bears interest at the Federal Reserve Board’s prime rate (3.25% at June 30, 2010).", "The credit line expires March 7, 2011 and is secured by $1,000 of investments.", "At June 30, 2010, no amount was outstanding.", "The Company has entered into a bank credit facility agreement that includes a revolving loan, a term loan and a bullet term loan.", "The revolving loan allows short-term borrowings of up to $150,000, which may be increased by the Company at any time until maturity to $250,000.", "The revolving loan terminates June 4, 2015.", "At June 30, 2010, the outstanding revolving loan balance was $120,000.", "The term loan has an original principal balance of $150,000, with quarterly principal payments of $5,625 beginning on September 30, 2011, and the remaining balance due June 4, 2015.", "The bullet term loan had an original principal balance of $100,000.", "The full balance, which would have been due on December 4, 2010, was paid in full on July 8, 2010 as set forth in Note 15 to the Consolidated Financial Statements (see Item 8).", "Each of the loans bear interest at a variable rate equal to (a) a rate based on LIBOR or (b) an alternate base rate (the greater of (a) the Federal Funds Rate plus 0.5%, (b) the Prime Rate or (c) LIBOR plus 1.0%), plus an applicable percentage in each case determined by the Company’s leverage ratio.", "The outstanding balances bear interest at a weighted average rate of 2.99%.", "The loans are secured by pledges of capital stock of certain subsidiaries of the Company.", "The loans are also guaranteed by certain subsidiaries of the Company.", "The credit facility is subject to various financial covenants that require the Company to maintain certain financial ratios as defined in the agreement.", "As of June 30, 2010, the Company was in compliance with all such covenants.", "The Company has entered into various capital lease obligations for the use of certain computer equipment.", "Included in property and equipment are related assets of $8,872.", "At June 30, 2010, $5,689 was outstanding, of which $4,380 will be maturing in the next twelve months.", "Contractual Obligations and Other Commitments At June 30, 2010 the Company’s total off balance sheet contractual obligations were $36,935.", "This balance consists of $27,228 of long-term operating leases for various facilities and equipment which expire from 2011 to 2017 and the remaining $9,707 is for purchase commitments related to property and equipment, particularly for contractual obligations related to the on-going construction of new facilities.", "The table excludes $7,548 of liabilities for uncertain tax positions as we are unable to reasonably estimate the ultimate amount or timing of settlement.", "Contractual obligations by Less than More than", "|Contractual obligations by|Less than 1 year|||More than 5 years||\n|period as of June 30, 2010|1-3 years|3-5 years|TOTAL|\n|Operating lease obligations|$ 8,765|$ 9,422|$ 5,851|$ 3,190|$ 27,228|\n|Capital lease obligations|4,380|1,309|-|-|5,689|\n|Notes payable, including accrued interest|102,493|46,210|225,213|-|373,916|\n|Purchase obligations|9,707|-|-|-|9,707|\n|Total|$125,345|$56,941|$231,064|$3,190|$416,540|\n", "Recent Accounting Pronouncements In December 2007, the Financial Accounting Standards Board (“FASB”) issued Statement on Financial Accounting Standards (“SFAS”) No.141(R), “Business Combinations,” (“SFAS 141(R)”) which replaces SFAS No.141 and has since been incorporated into the Accounting Standards Codification (“ASC”) as ASC 805-10.", "ASC 805-10 establishes principles and requirements for how an acquirer recognizes and measures in its financial statements the identifiable assets acquired, the liabilities assumed, any non-controlling interest in the acquired entity and the goodwill acquired.", "The Statement also establishes disclosure requirements which will enable users of the financial statements to evaluate the nature and financial effects of the business combination.", "Relative to SFAS 141(R), the FASB issued FSP 141(R)-1 on April 1, 2009, which is now incorporated in ASC 805-20.", "ASC 805-20 eliminates the requirement under FAS 141(R) to record assets and liabilities at the acquisition date for noncontractual contingencies at fair value where it is deemed “more-likely-than-not” that an asset or liability would result.", "Under ASC 805-20, such assets and liabilities would only need to be recorded where the fair value can be determined during the measurement period or where it is probable that an asset or liability exists at the acquisition date and the amount of fair value can be reasonably determined.", "ASC 805-10 was effective for the Company on July 1, 2009.", "The adoption", "Insurance.", "The following table presents the underwriting results and ratios for the Insurance segment for the periods indicated.", "||Years Ended December 31,|2012/2011|2011/2010|\n|(Dollars in millions)|2012|2011|2010|Variance|% Change|Variance|% Change|\n|Gross written premiums|$1,073.1|$975.6|$865.4|$97.5|10.0%|$110.3|12.7%|\n|Net written premiums|852.1|820.5|620.3|31.6|3.9%|200.2|32.3%|\n|Premiums earned|$852.4|$821.2|$641.1|$31.3|3.8%|$180.1|28.1%|\n|Incurred losses and LAE|700.3|705.9|536.8|-5.6|-0.8%|169.2|31.5%|\n|Commission and brokerage|117.6|137.7|120.8|-20.1|-14.6%|16.9|14.0%|\n|Other underwriting expenses|103.0|89.5|69.7|13.5|15.1%|19.8|28.5%|\n|Underwriting gain (loss)|$-68.5|$-111.9|$-86.1|$43.5|-38.8%|$-25.8|30.0%|\n||||||Point Chg||Point Chg|\n|Loss ratio|82.2%|86.0%|83.7%||-3.8||2.3|\n|Commission and brokerage ratio|13.8%|16.8%|18.8%||-3.0||-2.0|\n|Other underwriting expense ratio|12.0%|10.8%|10.9%||1.2||-0.1|\n|Combined ratio|108.0%|113.6%|113.4%||-5.6||0.2|\n|(Some amounts may not reconcile due to rounding.)|||||||\n", "Premiums.", "Gross written premiums increased by 10.0% to $1,073.1 million in 2012 compared to $975.6 million in 2011.", "This increase was primarily driven by crop and primary A&H medical stop loss business, partially offset by the termination and runoff of several large casualty programs.", "Net written premiums increased 3.9% to $852.1 million in 2012 compared to $820.5 million in 2011.", "The lower increase in net written premiums in comparison to gross written premiums is primarily attributable to a higher level of reinsurance employed for the crop business.", "Premiums earned increased 3.8% to $852.4 million in 2012 compared to $821.2 million in 2011.", "The change in premiums earned is relatively consistent with the increase in net written premiums.", "Gross written premiums increased by 12.7% to $975.6 million in 2011 compared to $865.4 million in 2010.", "This was due to strategic portfolio changes with growth in short-tail business, primarily driven by the acquisition of Heartland, which provided $169.6 million of new crop insurance premium in 2011 and $54.0 million growth in A&H primary business, partially offset by the reduction of a large casualty program.", "Net written premiums increased 32.3% to $820.5 million in 2011 compared to $620.3 million for the same period in 2010 due to higher gross premiums and reduced levels of ceded reinsurance, primarily due to the reduction of the large casualty program.", "Premiums earned increased 28.1% to $821.2 million in 2011 compared to $641.1 million in 2010.", "The change in premiums earned is relatively consistent with the increase in net written premiums."], "table_evidence": [73, 84], "paragraph_evidence": [-1], "source": "multihiertt", "original_question_id": "c3d8a802d12a4305a5696a4b759d7284"}
{"question": "What's the sum of allCash and cash equivalents and Unsettled fund receivables that are positive in 2011? (in million)", "python_solution": "def solution():\n    # Define variables name and value\n    cash_and_cash_equivalents = 727.4\n    unsettled_fund_receivables = 444.4\n    \n    # Do math calculation to get the answer\n    answer = cash_and_cash_equivalents + unsettled_fund_receivables\n    \n    return answer", "ground_truth": 1171.8, "question_id": "simplong-testmini-74", "paragraphs": ["PART I ITEM 1.  BUSINESS Our Company Founded in 1886, American Water Works Company, Inc. , (the “Company,” “American Water” or “AWW”) is a Delaware holding company.", "American Water is the most geographically diversified, as well as the largest publicly-traded, United States water and wastewater utility company, as measured by both operating revenues and population served.", "As a holding company, we conduct substantially all of our business operations through our subsidiaries.", "Our approximately 6,400 employees provide an estimated 15 million people with drinking water, wastewater and/or other water-related services in 47 states and one Canadian province.", "Operating Segments We report our results of operations in two operating segments: the Regulated Businesses and the Market\u0002Based Operations.", "Additional information with respect to our operating segment results is included in the section entitled “Item 7—Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and Note 18 of the Consolidated Financial Statements.", "Regulated Businesses Our primary business involves the ownership of subsidiaries that provide water and wastewater utility services to residential, commercial, industrial and other customers, including sale for resale and public authority customers.", "We report the results of this business in our Regulated Businesses segment.", "Our subsidiaries that provide these services are generally subject to economic regulation by certain state commissions or other entities engaged in economic regulation, hereafter referred to as Public Utility Commissions, or “PUCs,” of the states in which we operate.", "The federal and state governments also regulate environmental, health and safety, and water quality matters.", "Our Regulated Businesses segment operating revenues were $2,674.3 million for 2014, $2,539.9 for 2013, $2,564.4 million for 2012, accounting for 88.8%, 90.1% and 89.9%, respectively, of total operating revenues for the same periods.", "The following table sets forth our Regulated Businesses operating revenues, number of customers and an estimate of population served as of December 31, 2014:", "||OperatingRevenues(In millions)|% of Total|Number ofCustomers|% of Total|EstimatedPopulationServed(In millions)|% of Total|\n|New Jersey|$652.3|24.5%|648,066|20.2%|2.7|22.7%|\n|Pennsylvania|605.4|22.6%|666,415|20.7%|2.2|18.5%|\n|Missouri|270.2|10.1%|464,498|14.4%|1.5|12.7%|\n|Illinois (a)|262.3|9.8%|312,017|9.7%|1.3|10.9%|\n|California|209.8|7.8%|174,198|5.4%|0.6|5.0%|\n|Indiana|200.6|7.5%|293,666|9.1%|1.2|10.1%|\n|West Virginia (b)|127.0|4.7%|170,371|5.3%|0.6|5.0%|\n|Subtotal (Top Seven States)|2,327.6|87.0%|2,729,231|84.8%|10.1|84.9%|\n|Other (c)|346.7|13.0%|489,961|15.2%|1.8|15.1%|\n|Total Regulated Businesses|$2,674.3|100.0%|3,219,192|100.0%|11.9|100.0%|\n", "(a) Includes Illinois-American Water Company, which we refer to as ILAWC and American Lake Water Company, also a regulated subsidiary in Illinois.", "The company’s Condensed Consolidated Statement of Changes in Equity in Part II, Item 8, Financial Statements and Supplementary Data, contains a detailed analysis of the changes in balance sheet equity line items.", "The following table presents a comparative analysis of significant detailed balance sheet assets and liabilities:", "|$ in millions|2011|2010|$ Change|% Change|\n|Cash and cash equivalents|727.4|740.5|-13.1|-1.8%|\n|Unsettled fund receivables|444.4|513.4|-69.0|-13.4%|\n|Current investments|283.7|308.8|-25.1|-8.1%|\n|Assets held for policyholders|1,243.5|1,295.4|-51.9|-4.0%|\n|Non-current investments|200.8|164.4|36.4|22.1%|\n|Investments of consolidated investment products|6,629.0|7,206.0|-577.0|-8.0%|\n|Intangible assets, net|1,322.8|1,337.2|-14.4|-1.1%|\n|Goodwill|6,907.9|6,980.2|-72.3|-1.0%|\n|Unsettled fund payables|439.6|504.8|-65.2|-12.9%|\n|Policyholder payables|1,243.5|1,295.4|-51.9|-4.0%|\n|Current maturities of total debt|215.1|—|215.1|N/A|\n|Long-term debt|1,069.6|1,315.7|-246.1|-18.7%|\n|Long-term debt of consolidated investment products|5,512.9|5,865.4|-352.5|-6.0%|\n", "Cash and cash equivalents Cash and cash equivalents decreased by $13.1 million from $740.5 million at December 31, 2010 to $727.4 million at December 31, 2011.", "See “Cash Flows” in the following section within this Management's Discussion and Analysis for additional discussion regarding the movements in cash flows during the periods.", "See Item 8, Financial Statements and Supplementary Data - Note 1, “Accounting Policies - Cash and Cash Equivalents,” regarding requirements to mandate the retention of liquid resources in certain jurisdictions.", "Unsettled fund receivables and payables Unsettled fund receivables decreased by $69.0 million from $513.4 million at December 31, 2010 to $444.4 million at December 31, 2011, due primarily to lower transaction activity between funds and investors in late December 2011 when compared to late December 2010 in our offshore funds.", "In the company's capacity as sponsor of UITs, the company records receivables from brokers, dealers, and clearing organizations for unsettled sell trades of securities and UITs in addition to receivables from customers for unsettled sell trades of UITs.", "In our U. K.  and offshore activities, unsettled fund receivables are created by the normal settlement periods on transactions initiated by certain clients.", "The presentation of the unsettled fund receivables and substantially offsetting payables ($439.6 million at December 31, 2011 down from $504.8 million at December 31, 2010 ) at trade date reflects the legal relationship between the underlying investor and the company.", "Investments (current and non-current) As of December 31, 2011 we had $484.5 million in investments, of which $283.7 million were current investments and $200.8 million were non-current investments.", "Included in current investments are $63.5 million of seed money investments in affiliated funds used to seed funds as we launch new products, and $184.4 million of investments related to assets held for deferred compensation plans, which are also held primarily in affiliated funds.", "Seed investments decreased by $35.9 million during the year ended December 31, 2011, due primarily to market decreases and net disposals of seed money investments.", "Investments held to hedge deferred compensation awards increased by $18.9 million during the year, primarily due to additional investments in affiliated funds to hedge economically new employee plan awards.", "Included in non-current investments are $193.1 million in equity method investments in our Chinese joint ventures and in certain of the company’s private equity partnerships, real estate partnerships and other investments (December 31, 2010: $156.9 million).", "The increase of $36.2 million in equity method investments includes an increase of $32.1 million in partnership investments due to a $40.2 million co-investment in new European and Asian real estate funds, other capital calls and valuation improvements offset by distributions and capital returns during the period.", "The value of the joint venture investments and other non-controlling equity method investments increased by $4.1 million during the year as a result of current year earnings of $17.2 million, foreign exchange rate movements which added $2.8 million to the value and capital injections of $1.6 million, offset by annual dividends paid of $17.5 million to the company.", "Provisional Amounts Deferred tax assets and liabilities: The company remeasured certain deferred tax assets and liabilities based on the tax rates at which they are expected to reverse in the future, typically 21% under the 2017 Tax Act.", "However, the company is still analyzing certain aspects of the legislation and refining its calculations.", "Any updates or changes could affect the measurement of these balances or give rise to new deferred tax amounts.", "The provisional income tax beneffit recorded related to the remeasurement of the deferred tax balance was $130.7 million at December 31, 2017.", "Foreign tax effects: The one-time transition tax is based on the total post-1986 earnings and profits (E&P) that were previously deferred from U. S.  income taxes.", "The company does not anticipate incurring an income tax liability and therefore no provision has been made.", "However, the company has not completed its analysis as to the existence of foreign subsidiaries it may be deemed to indirectly own (or partially own) through attribution or by way of its investment in various fund products which in turn may hold ownership in foreign subsidiaries where the transition tax may apply.", "Therefore, our determination as to the need for a net transition tax liability may change once this analysis has been completed.", "At December 31, 2017 the company had tax loss carryforwards accumulated in certain taxing jurisdictions in the aggregate of $413.3 million (2016: $243.8 million), approximately $35.2 million of which will expire between 2018 and 2020, $15.2 million of which will expire after 2020, with the remaining $362.9 million having an indefinite life.", "The increase in tax loss carryforwards from 2016 to 2017 of $169.5 million results from the acquisition of the European ETF business ($160.1 million) and the impact of foreign exchange translation on non-U.", "S.  dollar denominated losses ($23.1 million) with the remainder of the movement due to additional losses not recognized ($15.8 million), offset with loss expiration and utilization ($30.0 million).", "A valuation allowance has been recorded against the deferred tax assets related to these losses where a history of losses in the respective tax jurisdiction makes it unlikely that the deferred tax asset will be realized.", "A reconciliation between the statutory rate and the effective tax rate on income from operations for the years ended December 31, 2017, 2016 and 2015 is as follows:", "||2017|2016|2015|\n|Statutory Rate|35.0%|35.0%|35.0%|\n|Foreign jurisdiction statutory income tax rates|-9.6%|-8.1%|-9.2%|\n|State taxes, net of federal tax effect|2.2%|1.6%|1.6%|\n|Impact of the 2017 Tax Act|-9.3%|—%|—%|\n|Change in valuation allowance for unrecognized tax losses|0.4%|-0.4%|-0.1%|\n|Share Based Compensation|-0.3%|—%|—%|\n|Other|1.2%|0.3%|1.8%|\n|(Gains)/losses attributable to noncontrolling interests|-0.8%|-0.4%|0.1%|\n|Effective tax rate per Consolidated Statements of Income|18.8%|28.0%|29.2%|\n", "The company's subsidiaries operate in severalt taxing jurisdictions around the world, each with its own statutory income tax rate.", "As a result, the blended average statutory tax rate will vary from year to year depending on the mix of the profits and losses of the company's subsidiaries.", "The majority of our profits are earned in the U. S.  and the U. K.  The enacted U. K.  statutory tax rate, for U. S.  GAAP purposes, was 19% as of December 31, 2017.", "As of December 31, 2017, the U. S.  federal statutory tax rate was 35%.", "The 2017 Tax Act enacted for U. S.  GAAP purposes on December 22, 2017 reduces the U. S.  federal statutory tax rate to 21% from January 1, 2018.", "Entergy Corporation and Subsidiaries Management's Financial Discussion and Analysis The Grand Gulf recovery variance is primarily due to increased recovery of higher costs resulting from the Grand Gulf uprate.", "The volume/weather variance is primarily due to the effects of more favorable weather on residential sales and an increase in industrial sales primarily due to growth in the refining segment.", "The fuel recovery variance is primarily due to: ?", "the deferral of increased capacity costs that will be recovered through fuel adjustment clauses; ?", "the expiration of the Evangeline gas contract on January 1, 2013; and ?", "an adjustment to deferred fuel costs recorded in the third quarter 2012 in accordance with a rate order from the PUCT issued in September 2012.", "See Note 2 to the financial statements for further discussion of this PUCT order issued in Entergy Texas's 2011 rate case.", "The MISO deferral variance is primarily due to the deferral in April 2013, as approved by the APSC, of costs incurred since March 2010 related to the transition and implementation of joining the MISO RTO.", "The decommissioning trusts variance is primarily due to lower regulatory credits resulting from higher realized income on decommissioning trust fund investments.", "There is no effect on net income as the credits are offset by interest and investment income.", "Entergy Wholesale Commodities Following is an analysis of the change in net revenue comparing 2013 to 2012.", "||Amount (In Millions)|\n|2012 net revenue|$1,854|\n|Mark-to-market|-58|\n|Nuclear volume|-24|\n|Nuclear fuel expenses|-20|\n|Nuclear realized price changes|58|\n|Other|-8|\n|2013 net revenue|$1,802|\n", "As shown in the table above, net revenue for Entergy Wholesale Commodities decreased by approximately $52 million in 2013 primarily due to: ?", "the effect of rising forward power prices on electricity derivative instruments that are not designated as hedges, including additional financial power sales conducted in the fourth quarter 2013 to offset the planned exercise of in-the-money protective call options and to lock in margins.", "These additional sales did not qualify for hedge accounting treatment, and increases in forward prices after those sales were made accounted for the majority of the negative mark-to-market variance.", "It is expected that the underlying transactions will result in earnings in first quarter 2014 as these positions settle.", "See Note 16 to the financial statements for discussion of derivative instruments; ?", "the decrease in net revenue compared to prior year resulting from the exercise of resupply options provided for in purchase power agreements where Entergy Wholesale Commodities may elect to supply power from another source when the plant is not running.", "Amounts related to the exercise of resupply options are included in the GWh billed in the table below; and", "bonds, the actual average life of our investments can not be known at the time of the investment.", "We do know that the average life will not be less than the average life to next call and will not exceed the average life to maturity.", "Data for both of these average life measures is provided in the above chart.", "During 2005-2007, especially during 2005, there have been periods when yields available on acceptable-quality long-term non-callable securities did not meet our objectives.", "During such periods, we have invested in shorter-term securities.", "Some of these periods were characterized by relatively flat or inverted yield curves.", "During such periods, we did not have to give up much yield to invest in shorter-term securities, and we took on less credit risk than had we invested longer-term.", "Prior to 2007, we generally did not invest in securities with maturity dates more than 30 years after the acquisition date.", "During 2007, we invested some funds in hybrid securities (bonds, trust preferred securities and redeemable preferred stocks) with very long scheduled maturity dates, often exceeding 50 years.", "In virtually all cases, such hybrid securities are callable many years prior to the scheduled maturity date.", "As shown in the chart above, the effective annual yield and average life to maturity on funds invested during 2005 is significantly lower than that of funds invested during 2006 and 2007.", "This difference is reflective of the fact that, consistent with the investment environment and strategy described above, we invested relatively more funds in lower yielding, shorter-term investments in 2005 than we did in 2006- 2007.", "Due primarily to our investments in hybrid securities as described above, the average life of funds invested during 2007 (to both next call and maturity) is significantly higher than that of investments during 2005-2006.", "Given the long-term fixed-rate characteristics of our policy liabilities, we believe that investments with average lives in excess of 20 years are appropriate.", "New cash flow available to us for investment was affected by issuer calls as a result of the low\u0002interest environment experienced during the past three years.", "Issuers are more likely to call bonds when rates are low because they often can refinance them at a lower cost.", "Calls increase funds available for investment, but they can negatively affect portfolio yield if they cause us to replace higher-yielding bonds with those available at lower prevailing yields.", "Issuer calls were $848 million in 2007, $229 million in 2006, and $226 million in 2005.", "As long as we continue our current investment strategy and the average yield on new investments is less than the average yield of the portfolio and of assets disposed of, the average yield on fixed maturity assets in the portfolio should decline.", "Because of the significant investable cash flow generated from investments and operations, Torchmark will benefit if yield rates available on new investments increase.", "Portfolio Analysis.", "Because Torchmark has recently invested almost exclusively in fixed-maturity securities, the relative percentage of our assets invested in various types of investments varies from industry norms."], "table_evidence": [16], "paragraph_evidence": [15], "source": "multihiertt", "original_question_id": "6534c62000d74d98b626c89358ed2475"}
{"question": "In the section with largest amount of Fixed maturities, what's the sum of Policy loans and Swaps ? (in million)", "python_solution": "def solution():\n    # Define variables name and value\n    policy_loans = 10751\n    swaps = 525\n\n    # Do math calculation to get the answer\n    answer = policy_loans - swaps\n\n    return answer", "ground_truth": 10226.0, "question_id": "simplong-testmini-75", "paragraphs": ["The Company will continue to recognize interest and penalties related to unrecognized tax benefits as a component of its income tax provision.", "As of December 31, 2014 and 2013, the Company has $9,409 and $13,890, respectively, accrued for the payment of interest and penalties, excluding the federal tax benefit of interest deductions where applicable.", "During the years ending December 31, 2014, 2013 and 2012, the Company accrued interest and penalties through the consolidated statements of operations of $(3,579), $74 and $(1,585), respectively.", "The Company believes that its unrecognized tax benefits could decrease by $14,746 within the next twelve months.", "The Company has effectively settled all Federal income tax matters related to years prior to 2010.", "Various other state and foreign income tax returns are open to examination for various years.", "The Company will continue to recognize interest and penalties related to unrecognized tax benefits as a component of its income tax provision.", "As of December 31, 2014 and 2013, the Company has $9,409 and $13,890, respectively, accrued for the payment of interest and penalties, excluding the federal tax benefit of interest deductions where applicable.", "During the years ending December 31, 2014, 2013 and 2012, the Company accrued interest and penalties through the consolidated statements of operations of $(3,579), $74 and $(1,585), respectively.", "The Company believes that its unrecognized tax benefits could decrease by $14,746 within the next twelve months.", "The Company has effectively settled all Federal income tax matters related to years prior to 2010.", "Various other state and foreign income tax returns are open to examination for various years.", "In January 2012, the Company received a €23,789 assessment from the Belgian tax authority related to its year ended December 31, 2008, asserting that the Company had understated its Belgian tax\u0002able income for that year.", "The Company filed a formal protest in the first quarter of 2012 refuting the Belgian tax authority¡¯s position.", "The Belgian tax authority set aside the assessment in the third quarter of 2012 and refunded all related deposits, including interest income of €1,583 earned on such deposits.", "However, on October 23, 2012, the Belgian tax authority notified the Company of its intent to increase the Company¡¯s taxable income for the year ended December 31, 2008 under a revised theory.", "However, on December 28, 2012, the Belgian tax authority issued assessments for the years ended December 31, 2005 and December 31, 2009, in the amounts of €46,135 and €35,567, respectively, including penalties, but excluding interest.", "The Company filed a formal protest during the first quarter of 2013 relating to the new assessments.", "In September 2013, the Belgian tax authority denied the Company¡¯s protests, and the Company has brought these two years before the Court of First Instance in Bruges.", "In December 2013, the Belgian tax authority issued additional assessments related to the years ended December 31, 2006, 2007, and 2010, in the amounts of €38,817, €39,635, and €43,117, respectively, including penalties, but excluding interest.", "The Company filed formal protests during the first quarter of 2014, refuting the Belgian tax authority¡¯s position for each of the years assessed.", "In the quarter ended June 28, 2014, the Company received a formal assessment for the year ended December 31, 2008, totaling €30,131, against which the Company also submitted its formal protest.", "All 4 additional years have been brought before the Court of First Appeal in November 2014.", "In January of 2015, the Company met with the Court of First Appeal in Bruges and agreed with the Belgium tax authorities to consolidate and argue the issues regarding the years 2005 and 2009, and apply the ruling to all of the open years (to the extent there are no additional facts/procedural arguments in the other years).", "The Company continues to disagree with the views of the Belgian tax authority on this matter and will persist in its vigorous defense.", "Although there can be no assurances, the Company believes the ultimate outcome of these actions will not have a material adverse effect on its financial condition but could have a material adverse effect on its results of operations, liquidity or cash flows in a given quarter or year.", "NOTE 16 COMMITMENTS AND CONTINGENCIES The Company is obligated under various operating leases for office and manufacturing space, machinery, and equipment.", "Future minimum lease payments under non-cancelable capital and operating leases (with initial or remaining lease terms in excess of one year) as of December 31:", "||Capital|Operating|Total FuturePayments|\n|2015|$441|96,873|97,314|\n|2016|448|69,875|70,323|\n|2017|323|51,811|52,134|\n|2018|26|32,985|33,011|\n|2019|10|21,164|21,174|\n|Thereafter|—|24,404|24,404|\n|Total payments|1,248|297,112|298,360|\n|Less amount representing interest|103|||\n|Present value of capitalized lease payments|$1,145|||\n", "Rental expense under operating leases was $114,529, $116,541 and $97,587 in 2014, 2013 and 2012, respectively.", "The Company had approximately $37,381 and $47,713 in standby letters of credit for various insurance contracts and commitments to foreign vendors as of December 31, 2014 and 2013, respectively that expire within two years.", "The Company is involved in litigation from time to time in the regular course of its business.", "Except as noted below, there are no material legal proceedings pending or known by the Company to be contemplated to which the Company is a party or to which any of its property is subject.", "Beginning in August 2010, a series of civil lawsuits were initiated in several U. S.  federal courts alleging that certain manufacturers of polyurethane foam products and competitors of the Company¡¯s carpet underlay division had engaged in price fixing in violation of U. S.  anti\u0002trust laws.", "The Company has been named as a defendant in a number of the individual cases (the first filed on August 26, 2010), as well as in two consolidated amended class action complaints the first filed on February 28, 2011, on behalf of a class of all direct purchasers of polyurethane foam products, and the second filed on March 21, 2011, on behalf of a class of indirect purchasers.", "All pending cases in which the Company has been named as a defendant have been filed in or transferred to the U. S.  District Court for the Northern District of Ohio for consolidated pre-trial proceedings under the name In re: Polyurethane Foam Antitrust Litigation, Case No.1:10-MDL-02196.", "In these actions, the plaintiffs, on behalf of themselves and/or a class of purchasers, seek damages allegedly suffered as a result of alleged overcharges in the price of polyurethane foam products from at least 1999 to the present.", "The direct purchaser class currently claims damages from all of the defendants named in the lawsuit of up to approximately $867,400 which amount will be reduced by the value of claims made by plaintiffs that opt out of the class.", "Any damages actually awarded at trial are subject to being tripled under US antitrust laws.", "The amount of damages in the remaining cases varies or has not yet been specified by the plaintiffs.", "Each plaintiff also seeks attorney fees, pre-judgment and post-judgment interest, court costs and injunctive relief against future violations.", "Item 1B.", "Unresolved Staff Comments.", "None.", "Item 2.", "Properties.3M’s general offices, corporate research laboratories, and certain division laboratories are located in St.  Paul, Minnesota.", "In the United States, 3M has nine sales offices in eight states and operates 74 manufacturing facilities in 27 states.", "Internationally, 3M has 148 sales offices.", "The Company operates 93 manufacturing and converting facilities in 32 countries outside the United States.3M owns substantially all of its physical properties.3M’s physical facilities are highly suitable for the purposes for which they were designed.", "Because 3M is a global enterprise characterized by substantial intersegment cooperation, properties are often used by multiple business segments.", "Item 3.", "Legal Proceedings.", "Discussion of legal matters is incorporated by reference from Part II, Item 8, Note 13, “Commitments and Contingencies,” of this document, and should be considered an integral part of Part I, Item 3, “Legal Proceedings.", "” Item 4.", "Submission of Matters to a Vote of Security Holders.", "None in the quarter ended December 31, 2007.", "PART II Item 5.", "Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.", "Equity compensation plans’ information is incorporated by reference from Part III, Item 12, “Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters,” of this document, and should be considered an integral part of Item 5.", "At January 31, 2008, there were approximately 121,302 shareholders of record.3M’s stock is listed on the New York Stock Exchange, Inc.  (NYSE), the Chicago Stock Exchange, Inc. , and the SWX Swiss Exchange.", "Cash dividends declared and paid totaled $.48 per share for each quarter of 2007, and $.46 per share for each quarter of 2006.", "Stock price comparisons follow:", "|(Per share amounts)|First Quarter|Second Quarter|Third Quarter|Fourth Quarter|Year|\n|2007 High|$79.88|$89.03|$93.98|$97.00|$97.00|\n|2007 Low|72.90|75.91|83.21|78.98|72.90|\n|2006 High|$79.83|$88.35|$81.60|$81.95|$88.35|\n|2006 Low|70.30|75.76|67.05|73.00|67.05|\n", "Issuer Purchases of Equity Securities Repurchases of common stock are made to support the Company’s stock-based employee compensation plans and for other corporate purposes.", "On February 13, 2006, the Board of Directors authorized the purchase of $2.0 billion of the Company’s common stock between February 13, 2006 and February 28, 2007.", "In August 2006, 3M’s Board of Directors authorized the repurchase of an additional $1.0 billion in share repurchases, raising the total authorization to $3.0 billion for the period from February 13, 2006 to February 28, 2007.", "In February 2007, 3M’s Board of Directors authorized a two\u0002year share repurchase of up to $7.0 billion for the period from February 12, 2007 to February 28, 2009.", "he fair value of a financial instrument to changes in interest rates.", "Convexity measures the rate of change of duration with respect to changes in interest rates.", "We seek to manage our interest rate exposure by legal entity by matching the relative sensitivity of asset and liability values to interest rate changes, or controlling “duration mismatch” of assets and liabilities.", "We have target duration mismatch constraints for each entity.", "In certain markets, primarily outside the U. S. , capital market limitations that hinder our ability to closely approximate the duration of some of our liabilities are considered in setting the constraint limits.", "As of December 31, 2007 and 2006, the difference between the pre-tax duration of assets and the target duration of liabilities in our duration managed portfolios was within our constraint limits.", "We consider risk-based capital implications in our asset/liability management strategies.", "We also perform portfolio stress testing as part of our U. S.  regulatory cash flow testing for major product lines that are subject to risk from changes in interest rates.", "In this testing, we evaluate the impact of altering our interest-sensitive assumptions under various moderately adverse interest rate environments.", "These interest-sensitive assumptions relate to the timing and amount of redemptions and prepayments of fixed-income securities and lapses and surrenders of insurance products and the potential impact of any guaranteed minimum interest rates.", "We evaluate any shortfalls that this cash flow testing reveals to determine if we need to increase statutory reserves or adjust portfolio management strategies.", "Market Risk Related to Interest Rates Our “other than trading” assets that subject us to interest rate risk include primarily fixed maturity securities, commercial loans and policy loans.", "In the aggregate, the carrying value of these assets represented 76% of our consolidated assets, other than assets that we held in separate accounts, as of December 31, 2007 and 77% as of December 31, 2006.", "With respect to “other than trading” liabilities, we are exposed to interest rate risk through policyholder account balances relating to interest-sensitive life insurance, annuity and other investment-type contracts, collectively referred to as investment contracts, and through outstanding short-term and long-term debt.", "We assess interest rate sensitivity for “other than trading” financial assets, financial liabilities and derivatives using hypothetical test scenarios that assume either upward or downward 100 basis point parallel shifts in the yield curve from prevailing interest rates.", "The following tables set forth the net estimated potential loss in fair value from a hypothetical 100 basis point upward shift as of December 31, 2007 and 2006, because this scenario results in the greatest net exposure to interest rate risk of the hypothetical scenarios tested at those dates.", "While the test scenario is for illustrative purposes only and does not reflect our expectations regarding future interest rates or the performance of fixed-income markets, it is a near-term, reasonably possible hypothetical change that illustrates the potential impact of such events.", "These test scenarios do not measure the changes in value that could result from non-parallel shifts in the yield curve, which we would expect to produce different changes in discount rates for different maturities.", "As a result, the actual loss in fair value from a 100 basis point change in interest rates could be different from that indicated by these calculations.", "||As of December 31, 2007|\n|| Notional  Amount of Derivatives|Fair Value|Hypothetical Fair Value After + 100 Basis Point Parallel Yield Curve Shift|Hypothetical Change in Fair Value|\n||(in millions)|\n|Financial assets with interest rate risk:|||||\n|Fixed maturities||$179,940|$169,374|$-10,566|\n|Commercial loans||28,323|27,123|-1,200|\n|Mortgage bank-loan inventory-1||2,298|2,248|-50|\n|Policy loans||10,751|10,055|-696|\n|Derivatives:|||||\n|Swaps|$59,266|-525|-944|-419|\n|Futures|4,812|-7|19|26|\n|Options|4,759|627|557|-70|\n|Forwards|8,851|72|71|-1|\n|Variable Annuity Living Benefit Feature Embedded Derivatives||-168|17|185|\n|Financial liabilities with interest rate risk:|||||\n|Short-term and long-term debt||-29,737|-28,597|1,140|\n|Investment contracts||-66,574|-65,330|1,244|\n|Bank customer liabilities||-1,334|-1,329|5|\n|Net estimated potential loss||||$-10,402|\n", "respect to foreign exchange) and the acquired Currenex business (with respect to brokerage and other) for a full year.", "Brokerage and other trading revenue increased 10% from 2007 to 2008, due to higher revenues from electronic trading, both from the acquired Currenex business and from our Global Link product, as well as an increase in brokerage revenue, principally transition management and equity trading.", "Securities finance revenue for 2008 was up 81% compared to 2007, primarily as a result of wider credit spreads across all lending programs.", "Spreads benefited from the Federal Reserve’s aggregate 400-basis-point reduction in the federal funds rate during 2008, as well as from the continued disruption of the global fixed\u0002income securities markets.", "The increases were offset partially by a decline in lending volumes.", "The 11% increase in servicing fees was the result of the inclusion of servicing fee revenue from the acquired Investor Financial business for a full year, the impact of new business on 2008 revenue and higher transaction volumes.", "Approximately 41% of our servicing fees were derived from non-U.", "S.  customers in each of 2008 and 2007.", "Management fees decreased 10% from 2007 to 2008, $1.14 billion to $1.03 billion respectively, primarily from the impact of declines in average month-end equity market valuations and performance fees.", "Approximately 40% of our management fees were derived from customers outside the U. S.  in 2008, down from 41% for 2007.", "Assets under management decreased to $1.44 trillion at December 31, 2008, down $535 billion from $1.98 trillion a year earlier, as we experienced a net loss of business and, more significantly, market depreciation.", "The increase in net interest revenue was the result of several favorable trends.", "Interest-earning assets and related net interest revenue from the acquired Investors Financial business and widening spreads on fixed-rate and tax-exempt investment securities were the primary reasons for the growth.", "In addition, transaction deposit volume increased, particularly with respect to non-U.", "S.  deposits.", "EXPENSES"], "table_evidence": [86], "paragraph_evidence": [-1], "source": "multihiertt", "original_question_id": "0ab6a6eab2394b6f8fd4f7aee7446435"}
{"question": "What is the sum of Elba Express and FEP in MilesofPipeline?", "python_solution": "def solution():\n    # Define variables name and value\n    elba_express = 200\n    fep = 185\n    \n    # Do math calculation to get the answer\n    answer = elba_express + fep\n    \n    return answer", "ground_truth": 385.0, "question_id": "simplong-testmini-76", "paragraphs": ["Maturities of Debt The scheduled maturities of the outstanding debt balances, excluding debt fair value adjustments as of December 31, 2014, are summarized as follows (in millions):", "|Year|Total|\n|2015|$2,717|\n|2016|1,684|\n|2017|3,059|\n|2018|2,328|\n|2019|2,819|\n|Thereafter|28,422|\n|Total|$41,029|\n", "Interest Rates, Interest Rate Swaps and Contingent Debt The weighted average interest rate on all of our borrowings was 5.02% during 2014 and 5.08% during 2013.", "Information on our interest rate swaps is contained in Note 13.", "For information about our contingent debt agreements, see Note 12.", "Subsequent Event Subsequent to December 31, 2014, additional EP Trust I Preferred Securities were converted, primarily consisting of 969,117 EP Trust I Preferred Securities converted on January 14, 2015, into (i) 697,473 of our Class P common stock; (ii) approximately $24 million in cash; and (iii) 1,066,028 in warrants.9.", "Share-based Compensation and Employee Benefits Share-based Compensation Kinder Morgan, Inc.  Class P Shares Stock Compensation Plan for Non-Employee Directors We have a Stock Compensation Plan for Non-Employee Directors, in which our eligible non-employee directors participate.", "The plan recognizes that the compensation paid to each eligible non-employee director is fixed by our board, generally annually, and that the compensation is payable in cash.", "Pursuant to the plan, in lieu of receiving some or all of the cash compensation, each eligible non-employee director may elect to receive shares of Class P common stock.", "Each election will be generally at or around the first board meeting in January of each calendar year and will be effective for the entire calendar year.", "An eligible director may make a new election each calendar year.", "The total number of shares of Class P common stock authorized under the plan is 250,000.", "During 2014, 2013 and 2012, we made restricted Class P common stock grants to our non-employee directors of 6,210, 5,710 and 5,520, respectively.", "These grants were valued at time of issuance at $220,000, $210,000 and $185,000, respectively.", "All of the restricted stock grants made to non-employee directors vest during a six-month period.", "in direct competition with other CO2 pipelines.", "We also compete with other interest owners in the McElmo Dome unit and the Bravo Dome unit for transportation of CO2 to the Denver City, Texas market area.", "Terminals Our Terminals segment includes the operations of our petroleum, chemical, ethanol and other liquids terminal facilities (other than those included in the Products Pipelines segment) and all of our coal, petroleum coke, fertilizer, steel, ores and other dry-bulk material services facilities, including all transload, engineering, conveying and other in-plant services.", "Our terminals are located throughout the U. S.  and in portions of Canada.", "We believe the location of our facilities and our ability to provide flexibility to customers help attract new and retain existing customers at our terminals and provide us opportunities for expansion.", "We often classify our terminal operations based on the handling of either liquids or dry-bulk material products.", "In addition, we have Jones Act qualified product tankers that provide marine transportation of crude oil, condensate and refined products in the U. S.  The following summarizes our Terminals segment assets, as of December 31, 2014:", "||Number|Capacity(MMBbl)|\n|Liquids terminals|39|78.0|\n|Bulk terminals|78|n/a|\n|Materials Services locations|8|n/a|\n|Jones Act qualified tankers|7|2.3|\n", "Competition We are one of the largest independent operators of liquids terminals in the U.", "S, based on barrels of liquids terminaling capacity.", "Our liquids terminals compete with other publicly or privately held independent liquids terminals, and terminals owned by oil, chemical and pipeline companies.", "Our bulk terminals compete with numerous independent terminal operators, terminals owned by producers and distributors of bulk commodities, stevedoring companies and other industrial companies opting not to outsource terminal services.", "In some locations, competitors are smaller, independent operators with lower cost structures.", "Our rail transloading (material services) operations compete with a variety of single- or multi-site transload, warehouse and terminal operators across the U. S.  Our Jones Act qualified product tankers compete with other Jones Act qualified vessel fleets.", "Elba Express", "||OwnershipInterest %|MilesofPipeline|Design (Bcf/d) [Storage (Bcf)] Capacity|Supply and Market Region|\n|Elba Express|100|200|0.95|Georgia; connects to SNG (Georgia), Transco (Georgia/South Carolina), SLNG (Georgia) and CGT (Georgia).|\n|FEP|50|185|2.00|Arkansas to Mississippi; connects to NGPL, Trunkline Gas Company, Texas Gas Transmission, and ANR Pipeline Company|\n|KMLP|100|135|2.20|sources gas from Cheniere Sabine Pass LNG terminal to interconnects with Columbia Gulf, ANR and various other pipelines|\n|Sierrita Gas Pipeline LLC|35|61|0.20|near Tucson, Arizona, to the U.S.-Mexico border near Sasabe, Arizona; connects to EPNG and via a new international border crossing with a new natural gas pipeline in Mexico|\n|Young Gas Storage|48|16|[6]|Morgan County, Colorado, capacity is committed to CIG and Colorado Springs Utilities.|\n|Keystone Gas Storage|100|12|[6]|located in the Permian Basin and near the WAHA natural gas trading hub in West Texas.|\n|Gulf LNG Holdings|50|5|[6.6]|near Pascagoula, Mississippi; connects to four interstate pipelines and natural gas processing plant.|\n|Bear Creek Storage|100|—|[59]|located in Louisiana; provides storage capacity to SNG and TGP.|\n|SLNG|100|—|[11.5]|Georgia; connects to Elba Express, SNG and CGT|\n|ELC|100|—|0.35|Georgia; not in service until 2018|\n|Midstream assets||||\n|KM Texas andTejas pipelines|100|5,600|6.20[124]|Texas Gulf Coast.|\n|Mier-Monterreypipeline|100|87|0.65|Starr County, Texas to Monterrey, Mexico; connects to Pemex NG Transportation system and a 1,000-megawatt power plant|\n|KM North Texaspipeline|100|82|0.33|interconnect from NGPL; connects to 1,750-megawatt Forney, Texas, power plant and a 1,000-megawatt Paris, Texas, power plant|\n|Oklahoma||||\n|Southern Dome|73|—|0.03|propane refrigeration plant in the southern portion of Oklahoma county|\n|Oklahoma System|100|3,600|0.38|Hunton Dewatering, Woodford Shale, and Mississippi Lime|\n|South Texas||||\n|Webb/Duval gas gathering system|63|145|0.15|South Texas|\n|South Texas System|100|1,300|1.88|Eagle Ford shale formation, Woodbine and Eaglebine (Texas)|\n|EagleHawk|25|860|1.20|South Texas, Eagle Ford shale formation|\n|KM Altamont|100|1,200|0.08|Utah, Uinta Basin|\n|Red Cedar|49|740|0.70|La Plata County, Colorado, Ignacio Blanco Field|\n|Rocky Mountain||||\n|Fort Union|37|310|1.25|Powder River Basin (Wyoming)|\n|Bighorn|51|290|0.60|Powder River Basin (Wyoming)|\n|KinderHawk|100|500|2.00|Northwest Louisiana, Haynesville and Bossier shale formations|\n|North Texas|100|400|0.14|North Barnett Shale Combo|\n|Endeavor|40|100|0.12|East Texas, Cotton Valley Sands and Haynesville/ Bossier Shale horizontal well developments|\n|Camino Real - Gas|100|70|0.15|South Texas, Eagle Ford shale formation|\n|KM Treating|100|—|—|Odessa, Texas, other locations in Tyler and Victoria, Texas|\n", "||December 31,|\n||2015|2014|\n|Long-term assets, excluding goodwill and other intangibles|||\n|U.S.|$51,679|$49,992|\n|Canada|2,193|2,268|\n|Mexico|67|81|\n|Total consolidated long-lived assets|$53,939|$52,341|\n", "17.", "Litigation, Environmental and Other Contingencies We and our subsidiaries are parties to various legal, regulatory and other matters arising from the day-to-day operations of our businesses or certain predecessor operations that may result in claims against the Company.", "Although no assurance can be given, we believe, based on our experiences to date and taking into account established reserves and insurance, that the ultimate resolution of such items will not have a material adverse impact on our business, financial position, results of operations or dividends to our shareholders.", "We believe we have meritorious defenses to the matters to which we are a party and intend to vigorously defend the Company.", "When we determine a loss is probable of occurring and is reasonably estimable, we accrue an undiscounted liability for such contingencies based on our best estimate using information available at that time.", "If the estimated loss is a range of potential outcomes and there is no better estimate within the range, we accrue the amount at the low end of the range.", "We disclose contingencies where an adverse outcome may be material, or in the judgment of management, we conclude the matter should otherwise be disclosed.", "Federal Energy Regulatory Commission Proceedings SFPP The tariffs and rates charged by SFPP are subject to a number of ongoing proceedings at the FERC, including the complaints and protests of various shippers the most recent of which was filed in late 2015 with the FERC (docketed at OR16-6) challenging SFPP’s filed East Line rates.", "In general, these complaints and protests allege the rates and tariffs charged by SFPP are not just and reasonable under the Interstate Commerce Act (ICA).", "In some of these proceedings shippers have challenged the overall rate being charged by SFPP, and in others the shippers have challenged SFPP’s index-based rate increases.", "If the shippers are successful in proving these claims or other of their claims, they are entitled to seek reparations (which may reach back up to two years prior to the filing of their complaints) or refunds of any excess rates paid, and SFPP may be required to reduce its rates going forward.", "These proceedings tend to be protracted, with decisions of the FERC often appealed to the federal courts.", "The issues involved in these proceedings include, among others, whether indexed rate increases are justified, and the appropriate level of return and income tax allowance SFPP may include in its rates.", "With respect to the various SFPP related complaints and protest proceedings at the FERC, we estimate that the shippers are seeking approximately $40 million in annual rate reductions and approximately $160 million in refunds.", "Management believes SFPP has meritorious arguments supporting SFPP’s rates and intends to vigorously defend SFPP against these complaints and protests.", "However, to the extent the shippers are successful in one or more of the complaints or protest proceedings, SFPP estimates that applying the principles of several recent FERC decisions in SFPP cases, as applicable, to pending cases would result in rate reductions and refunds substantially lower than those sought by the shippers.", "EPNG The tariffs and rates charged by EPNG are subject to two ongoing FERC proceedings (the “2008 rate case” and the “2010 rate case”).", "With respect to the 2008 rate case, the FERC issued its decision (Opinion 517-A) in July 2015.", "FERC generally upheld its prior determinations, ordered refunds to be paid within 60 days, and stated that it will apply its findings in Opinion 517-A to the same issues in the 2010 rate case.", "EPNG has sought federal appellate review of Opinion 517-A.", "With respect to the 2010 rate case, the FERC issued its decision (Opinion 528) on October 17, 2013.", "EPNG sought rehearing on certain issues in Opinion 528.", "As required by Opinion 528, EPNG filed revised pro forma recalculated rates consistent with the terms of Opinion 528.", "The FERC also required an Administrative Law Judge (ALJ) to conduct an additional hearing concerning one of the issues in Opinion 528.", "On September 17, 2014, the ALJ issued an initial decision finding certain shippers qualify for lower rates under a prior settlement.", "EPNG has sought FERC review of the ALJ decision.", "EPNG believes it has an appropriate reserve, which is classified as a current liability, related to the findings in Opinions 517-A and 528 for both rate cases.", "in direct competition with other CO2 pipelines.", "We also compete with other interest owners in the McElmo Dome unit and the Bravo Dome unit for transportation of CO2 to the Denver City, Texas market area.", "Terminals Our Terminals segment includes the operations of our refined petroleum product, crude oil, chemical, ethanol and other liquid terminal facilities (other than those included in the Products Pipelines segment) and all of our coal, petroleum coke, fertilizer, steel, ores and other dry-bulk terminal facilities.", "Our terminals are located throughout the U. S.  and in portions of Canada.", "We believe the location of our facilities and our ability to provide flexibility to customers help attract new and retain existing customers at our terminals and provide expansion opportunities.", "We often classify our terminal operations based on the handling of either liquids or dry-bulk material products.", "In addition, Terminals’ marine operations include Jones Act qualified product tankers that provide marine transportation of crude oil, condensate a"], "table_evidence": [30], "paragraph_evidence": [31], "source": "multihiertt", "original_question_id": "474b763e84654f798df3fffb8f14a0a0"}
{"question": "What's the total amount of the Total revenues in the years where Net realized capital gains (losses) is greater than -716?", "python_solution": "def solution():\n    # Define variables\n    total_revenues_2012 = 65656\n    total_revenues_2011 = 59812\n\n    # Calculate the answer\n    answer = total_revenues_2012 + total_revenues_2011\n    \n    return answer", "ground_truth": 125468.0, "question_id": "simplong-testmini-77", "paragraphs": ["ITEM 8 / NOTE 7.", "INVESTMENTS Maiden Lane III The FRBNY completed the liquidation of ML III assets during the third quarter of 2012 and substantially all of the sales proceeds have been distributed in accordance with the priority of payments of the transaction.", "In 2012, we received total payments of approximately $8.5 billion, which included contractual and additional distributions and our original $5.0 billion equity interest in ML III.", "In 2012, we purchased $7.1 billion of securities through the FRBNY’s auction of ML III assets.", "Other Invested Assets The following table summarizes the carrying values of other invested assets:", "|  December 31, (in millions) |  2012 |2011 |\n|Alternative investments(a)|$18,990|$18,793|\n|Mutual funds|128|258|\n|Investment real estate(b)|3,195|2,778|\n|Aircraft asset investments(c)|984|1,100|\n|Life settlement contracts|4,357|4,006|\n|Retained interest in AIA|–|12,367|\n|All other investments|1,463|1,442|\n|Total|$29,117|$40,744|\n", "(a) Includes hedge funds, private equity funds, affordable housing partnerships and other investment partnerships.", "(b) Net of accumulated depreciation of $469 million and $428 million in 2012 and 2011, respectively.", "(c) Consist primarily of AIG Life and Retirement investments in aircraft equipment held in trusts.", "Other Invested Assets Carried at Fair Value Certain hedge funds, private equity funds, affordable housing partnerships and other investment partnerships for which we have elected the fair value option are reported at fair value with changes in fair value recognized in Net investment income with the exception of DIB investments, for which such changes are reported in Other income.", "Other investments in hedge funds, private equity funds, affordable housing partnerships and other investment partnerships in which our insurance operations do not hold aggregate interests sufficient to exercise more than minor influence over the respective partnerships are reported at fair value with changes in fair value recognized as a component of Accumulated other comprehensive income (loss).", "These investments are subject to other-than-temporary impairment evaluation (see below for discussion on evaluating equity investments for other-than-temporary impairment).", "The gross unrealized loss recorded in Accumulated other comprehensive income on such investments was $68 million and $269 million at December 31, 2012 and 2011, respectively, the majority of which pertains to investments in private equity funds and hedge funds that have been in continuous unrealized loss position for less than 12 months.", "Other Invested Assets – Equity Method Investments We account for hedge funds, private equity funds, affordable housing partnerships and other investment partnerships using the equity method of accounting unless our interest is so minor that we may have virtually no influence over partnership operating and financial policies.", "Under the equity method of accounting, our carrying value generally is our share of the net asset value of the funds or the partnerships, and changes in our share of the net asset values are recorded in Net investment income with the exception of DIB investments, for which such changes are reported in Other income.", "In applying the equity method of accounting, we consistently use the most recently available financial information provided by the general partner or manager of each of these investments, which is one to three months prior to the end of our reporting period.", "The financial statements of these investees are generally audited annually.", "ITEM 8 / NOTE 12.", "DERIVATIVES AND HEDGE ACCOUNTING designated as hedges of the change in fair value of foreign currency denominated available-for-sale securities attributable to changes in foreign exchange rates.", "We previously designated certain interest rate swaps entered into by GCM with third parties as cash flow hedges of certain floating rate debt issued by ILFC, specifically to hedge the changes in cash flows on floating rate debt attributable to changes in the benchmark interest rate.", "We de-designated such cash flow hedges in December 2012 subsequent to the announcement of the ILFC Transaction.", "We use foreign currency denominated debt and cross-currency swaps as hedging instruments in net investment hedge relationships to mitigate the foreign exchange risk associated with our non-U.", "S.  dollar functional currency foreign subsidiaries.", "We assess the hedge effectiveness and measure the amount of ineffectiveness for these hedge relationships based on changes in spot exchange rates.", "For the years ended December 31, 2012, 2011, and 2010 we recognized gains (losses) of $(74) million, $(13) million and $28 million, respectively, included in Foreign currency translation adjustment in Accumulated other comprehensive income related to the net investment hedge relationships.", "A qualitative methodology is utilized to assess hedge effectiveness for net investment hedges, while regression analysis is employed for all other hedges.", "The following table presents the effect of our derivative instruments in fair value hedging relationships in the Consolidated Statement of Operations:", "|  Years Ended December 31, (in millions) |2012|2011|\n|Interest rate contracts:(a)||||\n|Loss recognized in earnings on derivatives|  $|–|$-3|\n|Gain recognized in earnings on hedged items(b)||124|152|\n|Foreign exchange contracts:(a)||||\n|Loss recognized in earnings on derivatives||-2|-1|\n|Gain recognized in earnings on hedged items||2|1|\n", "(a) Gains and losses recognized in earnings for the ineffective portion and amounts excluded from effectiveness testing, if any, are recorded in Net realized capital gains (losses).", "(b) Includes $124 million and $149 million, for the years ended December 31, 2012 and 2011, respectively, representing the amortization of debt basis adjustment recorded in Other income and Net realized capital gains (losses) following the discontinuation of hedge accounting.", "The following table presents the effect of our derivative instruments in cash flow hedging relationships in the Consolidated Statement of Operations:", "|  Years Ended December 31, (in millions) |2012|2011|\n|Interest rate contracts(a):|||\n|Gain (loss) recognized in OCI on derivatives|$-2|$-5|\n|Gain (loss) reclassified from Accumulated OCI into earnings(b)|-35|-55|\n", "(a) Hedge accounting was discontinued in December 2012 subsequent to the announcement of the ILFC Transaction.", "Gains and losses recognized in earnings are recorded in Income (loss) from discontinued operations.", "Previously the effective portion of the change in fair value of a derivative qualifying as a cash flow hedge was recorded in Accumulated other comprehensive income until earnings were affected by the variability of cash flows in the hedged item.", "Gains and losses reclassified from Accumulated other comprehensive income were previously recorded in Other income.", "Gains or losses recognized in earnings on derivatives for the ineffective portion were previously recorded in Net realized capital gains (losses).", "(b) Includes $19 million for the year ended December 2012, representing the reclassification from Accumulated other comprehensive income into earnings following the discontinuation of cash flow hedges of ILFC debt.", "ITEM 6 / SELECTED FINANCIAL DATA The Selected Consolidated Financial Data should be read in conjunction with Management’s Discussion and Analysis of Financial Condition and Results of Operations and the Consolidated Financial Statements and accompanying notes included elsewhere herein.", "| |Years Ended December 31,|\n|(in millions, except per share data) |2012|2011|2010 (a)|2009 (a)|2008|\n| Revenues:||||||\n|Premiums|$38,011|$38,990|$45,319|$48,583|$60,147|\n|Policy fees|2,791|2,705|2,710|2,656|2,990|\n|Net investment income|20,343|14,755|20,934|18,992|10,453|\n|Net realized capital gains (losses)|929|701|-716|-3,787|-50,426|\n|Other income|3,582|2,661|4,582|3,729|-34,941|\n| Total revenues|65,656|59,812|72,829|70,173|-11,777|\n| Benefits, claims and expenses:||||||\n|Policyholder benefits and claims incurred|31,977|33,450|41,392|45,314|45,447|\n|Interest credited to policyholder account balances|4,362|4,467|4,487|4,611|5,582|\n|Amortization of deferred acquisition costs|5,709|5,486|5,821|6,670|6,425|\n|Other acquisition and insurance expenses|9,235|8,458|10,163|9,815|14,783|\n|Interest expense|2,319|2,444|6,742|13,237|14,440|\n|Net loss on extinguishment of debt|9|2,847|104|–|–|\n|Net (gain) loss on sale of properties and divested businesses|2|74|-19,566|1,271|–|\n|Other expenses|2,721|2,470|3,439|5,282|5,842|\n| Total benefits, claims and expenses|56,334|59,696|52,582|86,200|92,519|\n|Income (loss) from continuing operations before income taxes(b)|9,322|116|20,247|-16,027|-104,296|\n|Income taxes expense (benefit)|1,570|-19,424|6,993|-2,551|-8,097|\n|Income (loss) from continuing operations|7,752|19,540|13,254|-13,476|-96,199|\n|Income (loss) from discontinued operations, net of taxes|-4,052|1,790|-969|3,750|-6,683|\n| Net income (loss)|3,700|21,330|12,285|-9,726|-102,882|\n| Net income (loss) attributable to AIG|3,438|20,622|10,058|-8,362|-101,784|\n| Income (loss) per common share attributable to AIG common shareholders||||||\n|Basic and diluted||||||\n|Income (loss) from continuing operations|4.44|10.03|16.50|-98.52|-725.89|\n|Income (loss) from discontinued operations|-2.40|0.98|-1.52|27.15|-49.91|\n|Net income (loss) attributable to AIG|2.04|11.01|14.98|-71.37|-775.80|\n|Dividends declared per common share|–|–|–|–|8.40|\n| Year-end balance sheet data:||||||\n|Total investments|375,824|410,438|410,412|601,165|636,912|\n|Total assets|548,633|553,054|675,573|838,346|848,552|\n|Long-term debt|48,500|75,253|106,461|136,733|177,485|\n|Total liabilities|449,630|442,138|568,363|748,550|797,692|\n|Total AIG shareholders' equity|98,002|101,538|78,856|60,585|40,844|\n|Total equity|98,669|102,393|106,776|88,837|48,939|\n|Book value per share(a)|66.38|53.53|561.40|448.54|303.71|\n|Book value per share, excluding Accumulated other comprehensive income (loss)(a)(c)|57.87|50.11|498.25|400.90|353.97|\n|AIG Property Casualty combined ratio(d)|108.6|108.8|116.8|108.4|102.1|\n| Other data (from continuing operations):||||||\n|Other-than-temporary impairments|1,167|1,280|3,039|6,696|41,867|\n|Adjustment to federal and foreign deferred tax valuation allowance|-1,907|-18,307|1,361|2,986|22,172|\n|Amortization of prepaid commitment fee|–|49|3,471|8,359|9,279|\n|Catastrophe-related losses|$2,652|$3,307|$1,076|$53|$1,840|\n", "(a) Comparability between 2010 and 2009 data is affected by the deconsolidation of AIA in the fourth quarter of 2010.", "Book value per share, excluding Accumulated other comprehensive income (loss) is a non-GAAP measure.", "See Item 7.", "MD&A – Use of Non-GAAP Measures for additional information.", "Comparability of 2010, 2009 and 2008 is affected by a one for twenty reverse stock split.", "(b) Reduced by fourth quarter reserve strengthening charges of $4.2 billion and $2.2 billion in 2010 and 2009, respectively, related to the annual review of AIG Property Casualty loss and loss adjustment reserves.", "(c) Amounts for periods after December 31, 2008 have been revised to reflect reclassification of income taxes from AOCI to additional paid in capital to correct the presentation of components of AIG Shareholders’ Equity.", "See Note 1 to the Consolidated Financial Statements for additional information on the reclass.", "(d) See Item 7.", "MD&A – Results of Operations – AIG Property Casualty Operations for a reconciliation of the adjusted combined ratio.", "Management’s Discussion and Analysis Business-Specific Limits.", "The Firmwide Finance Committee sets asset and liability limits for each business and aged inventory limits for certain financial instruments as a disincentive to hold inventory over longer periods of time.", "These limits are set at levels which are close to actual operating levels in order to ensure prompt escalation and discussion among business managers and managers in our independent control and support functions on a routine basis.", "The Firmwide Finance Committee reviews and approves balance sheet limits on a quarterly basis and may also approve changes in limits on an ad hoc basis in response to changing business needs or market conditions.", "Monitoring of Key Metrics.", "We monitor key balance sheet metrics daily both by business and on a consolidated basis, including asset and liability size and composition, aged inventory, limit utilization, risk measures and capital usage.", "We allocate assets to businesses and review and analyze movements resulting from new business activity as well as market fluctuations.", "Scenario Analyses.", "We conduct scenario analyses to determine how we would manage the size and composition of our balance sheet and maintain appropriate funding, liquidity and capital positions in a variety of situations: ‰ These scenarios cover short-term and long-term time horizons using various macro-economic and firm-specific assumptions.", "We use these analyses to assist us in developing longer-term funding plans, including the level of unsecured debt issuances, the size of our secured funding program and the amount and composition of our equity capital.", "We also consider any potential future constraints, such as limits on our ability to grow our asset base in the absence of appropriate funding.", "‰ Through our Internal Capital Adequacy Assessment Process (ICAAP), CCAR, the stress tests we are required to conduct under the Dodd-Frank Act, and our resolution and recovery planning, we further analyze how we would manage our balance sheet and risks through the duration of a severe crisis and we develop plans to access funding, generate liquidity, and/or redeploy or issue equity capital, as appropriate.", "Balance Sheet Allocation In addition to preparing our consolidated statements of financial condition in accordance with U. S.  GAAP, we prepare a balance sheet that generally allocates assets to our businesses, which is a non-GAAP presentation and may not be comparable to similar non-GAAP presentations used by other companies.", "We believe that presenting our assets on this basis is meaningful because it is consistent with the way management views and manages risks associated with the firm’s assets and better enables investors to assess the liquidity of the firm’s assets.", "The table below presents a summary of this balance sheet allocation."], "table_evidence": [39], "paragraph_evidence": [-1], "source": "multihiertt", "original_question_id": "c9c72ec704974d758d72b4c83d24e19d"}
{"question": "What's the sum of Repurchases from securitization trusts of Residential Mortgage Agency 2015, and U.S. credit card Loans and leases charged off of 2013 ?", "python_solution": "def solution():\n    # Define variables name and value\n    repurchases_2015 = 3716.0\n    us_credit_card_2013 = 4004.0\n    \n    # Do math calculation to get the answer\n    answer = repurchases_2015 + us_credit_card_2013\n    \n    return answer", "ground_truth": 7720.0, "question_id": "simplong-testmini-78", "paragraphs": ["Table VII Allowance for Credit Losses", "|(Dollars in millions)|2016|2015|2014|2013|2012|\n|Allowance for loan and lease losses, January 1|$12,234|$14,419|$17,428|$24,179|$33,783|\n|Loans and leases charged off||||||\n|Residential mortgage|-403|-866|-855|-1,508|-3,276|\n|Home equity|-752|-975|-1,364|-2,258|-4,573|\n|U.S. credit card|-2,691|-2,738|-3,068|-4,004|-5,360|\n|Non-U.S. credit card|-238|-275|-357|-508|-835|\n|Direct/Indirect consumer|-392|-383|-456|-710|-1,258|\n|Other consumer|-232|-224|-268|-273|-274|\n|Total consumer charge-offs|-4,708|-5,461|-6,368|-9,261|-15,576|\n|U.S. commercial-1|-567|-536|-584|-774|-1,309|\n|Commercial real estate|-10|-30|-29|-251|-719|\n|Commercial lease financing|-30|-19|-10|-4|-32|\n|Non-U.S. commercial|-133|-59|-35|-79|-36|\n|Total commercial charge-offs|-740|-644|-658|-1,108|-2,096|\n|Total loans and leases charged off|-5,448|-6,105|-7,026|-10,369|-17,672|\n|Recoveries of loans and leases previously charged off||||||\n|Residential mortgage|272|393|969|424|165|\n|Home equity|347|339|457|455|331|\n|U.S. credit card|422|424|430|628|728|\n|Non-U.S. credit card|63|87|115|109|254|\n|Direct/Indirect consumer|258|271|287|365|495|\n|Other consumer|27|31|39|39|42|\n|Total consumer recoveries|1,389|1,545|2,297|2,020|2,015|\n|U.S. commercial-2|175|172|214|287|368|\n|Commercial real estate|41|35|112|102|335|\n|Commercial lease financing|9|10|19|29|38|\n|Non-U.S. commercial|13|5|1|34|8|\n|Total commercial recoveries|238|222|346|452|749|\n|Total recoveries of loans and leases previously charged off|1,627|1,767|2,643|2,472|2,764|\n|Net charge-offs|-3,821|-4,338|-4,383|-7,897|-14,908|\n|Write-offs of PCI loans|-340|-808|-810|-2,336|-2,820|\n|Provision for loan and lease losses|3,581|3,043|2,231|3,574|8,310|\n|Other-3|-174|-82|-47|-92|-186|\n|Allowance for loan and lease losses, December 31|11,480|12,234|14,419|17,428|24,179|\n|Less: Allowance included in assets of business held for sale-4|-243|—|—|—|—|\n|Total allowance for loan and lease losses, December 31|11,237|12,234|14,419|17,428|24,179|\n|Reserve for unfunded lending commitments, January 1|646|528|484|513|714|\n|Provision for unfunded lending commitments|16|118|44|-18|-141|\n|Other-3|100|—|—|-11|-60|\n|Reserve for unfunded lending commitments, December 31|762|646|528|484|513|\n|Allowance for credit losses, December 31|$11,999|$12,880|$14,947|$17,912|$24,692|\n", "(1) Includes U. S.  small business commercial charge-offs of $253 million, $282 million, $345 million, $457 million and $799 million in 2016, 2015, 2014, 2013 and 2012, respectively.", "(2) Includes U. S.  small business commercial recoveries of $45 million, $57 million, $63 million, $98 million and $100 million in 2016, 2015, 2014, 2013 and 2012, respectively.", "(3) Primarily represents the net impact of portfolio sales, consolidations and deconsolidations, foreign currency translation adjustments and certain other reclassifications.", "(4) Represents allowance for loan and lease losses related to the non-U.", "S.  credit card loan portfolio, which is included in assets of business held for sale on the Consolidated Balance Sheet at December 31, 2016.", "Valuation Adjustments on Derivatives The Corporation records credit risk valuation adjustments on derivatives in order to properly reflect the credit quality of the counterparties and its own credit quality.", "The Corporation calculates valuation adjustments on derivatives based on a modeled expected exposure that incorporates current market risk factors.", "The exposure also takes into consideration credit mitigants such as enforceable master netting agreements and collateral.", "CDS spread data is used to estimate the default probabilities and severities that are applied to the exposures.", "Where no observable credit default data is available for counterparties, the Corporation uses proxies and other market data to estimate default probabilities and severity.", "Valuation adjustments on derivatives are affected by changes in market spreads, non-credit related market factors such as interest rate and currency changes that affect the expected exposure, and other factors like changes in collateral arrangements and partial payments.", "Credit spreads and non-credit factors can move independently.", "For example, for an interest rate swap, changes in interest rates may increase the expected exposure, which would increase the counterparty credit valuation adjustment (CVA).", "Independently, counterparty credit spreads may tighten, which would result in an offsetting decrease to CVA.", "The Corporation early adopted, retrospective to January 1, 2015, the provision of new accounting guidance issued in January 2016 that requires the Corporation to record unrealized DVA resulting from changes in the Corporation’s own credit spreads on liabilities accounted for under the fair value option in accumulated OCI.", "This new accounting guidance had no impact on the accounting for DVA on derivatives.", "For additional information, see New Accounting Pronouncements in Note 1 – Summary of Significant Accounting Principles.", "The Corporation enters into risk management activities to offset market driven exposures.", "The Corporation often hedges the counterparty spread risk in CVA with CDS.", "The Corporation hedges other market risks in both CVA and DVA primarily with currency and interest rate swaps.", "In certain instances, the net-of-hedge amounts in the table below move in the same direction as the gross amount or may move in the opposite direction.", "This movement is a consequence of the complex interaction of the risks being hedged resulting in limitations in the ability to perfectly hedge all of the market exposures at all times.", "The table below presents CVA, DVA and FVA gains (losses) on derivatives, which are recorded in trading account profits, on a gross and net of hedge basis for 2016, 2015 and 2014.", "CVA gains reduce the cumulative CVA thereby increasing the derivative assets balance.", "DVA gains increase the cumulative DVA thereby decreasing the derivative liabilities balance.", "CVA and DVA losses have the opposite impact.", "FVA gains related to derivative assets reduce the cumulative FVA thereby increasing the derivative assets balance.", "FVA gains related to derivative liabilities increase the cumulative FVA thereby decreasing the derivative liabilities balance.", "||2016|2015|2014|\n|(Dollars in millions)|Gross|Net|Gross|Net|Gross|Net|\n|Derivative assets (CVA)(1)|$374|$214|$255|$227|$-22|$191|\n|Derivative assets/liabilities (FVA)(1)|186|102|16|16|-497|-497|\n|Derivative liabilities (DVA)(1)|24|-141|-18|-153|-28|-150|\n", "(1) At December 31, 2016, 2015 and 2014, cumulative CVA reduced the derivative assets balance by $1.0 billion, $1.4 billion and $1.6 billion, cumulative FVA reduced the net derivatives balance by $296 million, $481 million and $497 million, and cumulative DVA reduced the derivative liabilities balance by $774 million, $750 million and $769 million, respectively", "NOTE 6 Securitizations and Other Variable Interest Entities The Corporation utilizes VIEs in the ordinary course of business to support its own and its customers’ financing and investing needs.", "The Corporation routinely securitizes loans and debt securities using VIEs as a source of funding for the Corporation and as a means of transferring the economic risk of the loans or debt securities to third parties.", "The assets are transferred into a trust or other securitization vehicle such that the assets are legally isolated from the creditors of the Corporation and are not available to satisfy its obligations.", "These assets can only be used to settle obligations of the trust or other securitization vehicle.", "The Corporation also administers, structures or invests in other VIEs including CDOs, investment vehicles and other entities.", "For more information on the Corporation’s utilization of VIEs, see Note 1 – Summary of Significant Accounting Principles.", "The tables in this Note present the assets and liabilities of consolidated and unconsolidated VIEs at December 31, 2016 and 2015, in situations where the Corporation has continuing involvement with transferred assets or if the Corporation otherwise has a variable interest in the VIE.", "The tables also present the Corporation’s maximum loss exposure at December 31, 2016 and 2015, resulting from its involvement with consolidated VIEs and unconsolidated VIEs in which the Corporation holds a variable interest.", "The Corporation’s maximum loss exposure is based on the unlikely event that all of the assets in the VIEs become worthless and incorporates not only potential losses associated with assets recorded on the Consolidated Balance Sheet but also potential losses associated with off-balance sheet commitments, such as unfunded liquidity commitments and other contractual arrangements.", "The Corporation’s maximum loss exposure does not include losses previously recognized through write-downs of assets.", "As a result of new accounting guidance, which was effective on January 1, 2016, the Corporation identified certain limited partnerships and similar entities that are now considered to be VIEs and are included in the unconsolidated VIE tables in this Note at December 31, 2016.", "The Corporation had a maximum loss exposure of $6.1 billion related to these VIEs, which had total assets of $16.7 billion.", "The Corporation invests in ABS issued by third-party VIEs with which it has no other form of involvement and enters into certain commercial lending arrangements that may also incorporate the use of VIEs to hold collateral.", "These securities and loans are included in Note 3 – Securities or Note 4 – Outstanding Loans and Leases.", "In addition, the Corporation uses VIEs such as trust preferred securities trusts in connection with its funding activities.", "For additional information, see Note 11 – Long-term Debt.", "The Corporation uses VIEs, such as common trust funds managed within Global Wealth & Investment Management (GWIM), to provide investment opportunities for clients.", "These VIEs, which are generally not consolidated by the Corporation, as applicable, are not included in the tables in this Note.", "Except as described below, the Corporation did not provide financial support to consolidated or unconsolidated VIEs during 2016 or 2015 that it was not previously contractually required to provide, nor does it intend to do so.", "First-lien Mortgage Securitizations First-lien Mortgages As part of its mortgage banking activities, the Corporation securitizes a portion of the first-lien residential mortgage loans it originates or purchases from third parties, generally in the form of RMBS guaranteed by government-sponsored enterprises, FNMA and FHLMC (collectively the GSEs), or Government National Mortgage Association (GNMA) primarily in the case of FHA-insured and U. S.  Department of Veterans Affairs (VA)-guaranteed mortgage loans.", "Securitization usually occurs in conjunction with or shortly after origination or purchase, and the Corporation may also securitize loans held in its residential mortgage portfolio.", "In addition, the Corporation may, from time to time, securitize commercial mortgages it originates or purchases from other entities.", "The Corporation typically services the loans it securitizes.", "Further, the Corporation may retain beneficial interests in the securitization trusts including senior and subordinate securities and equity tranches issued by the trusts.", "Except as described below and in Note 7 – Representations and Warranties Obligations and Corporate Guarantees, the Corporation does not provide guarantees or recourse to the securitization trusts other than standard representations and warranties.", "The table below summarizes select information related to first\u0002lien mortgage securitizations for 2016, 2015 and 2014.", "||Residential Mortgage|||\n||Agency|Non-agency - Subprime|Commercial Mortgage|\n|(Dollars in millions)|2016|2015|2014|2016|2015|2014|2016|2015|2014|\n|Cash proceeds from new securitizations-1|$24,201|$27,164|$36,905|$—|$—|$809|$3,887|$7,945|$5,710|\n|Gain on securitizations-2|370|894|371|—|—|49|38|49|68|\n|Repurchases from securitization trusts-3|3,611|3,716|5,155|—|—|—|—|—|—|\n", "(1) The Corporation transfers residential mortgage loans to securitizations sponsored by the GSEs or GNMA in the normal course of business and receives RMBS in exchange which may then be sold into the market to third-party investors for cash proceeds.", "(2) A majority of the first-lien residential and commercial mortgage loans securitized are initially classified as LHFS and accounted for under the fair value option.", "Gains recognized on these LHFS prior to securitization, which totaled $487 million, $750 million and $715 million net of hedges, during 2016, 2015 and 2014, respectively are not included in the table above.", "(3) The Corporation may have the option to repurchase delinquent loans out of securitization trusts, which reduces the amount of servicing advances it is required to make.", "The Corporation may also repurchase loans from securitization trusts to perform modifications.", "The majority of repurchased loans are FHA-insured mortgages collateralizing GNMA securities.", "In addition to cash proceeds as reported in the table above, the Corporation received securities with an initial fair value of $4.2 billion, $22.3 billion and $5.4 billion in connection with first-lien mortgage securitizations in 2016, 2015 and 2014.", "The receipt of these securities represents non-cash operating and investing activities and, accordingly, is not reflected on the Consolidated Statement of Cash Flows.", "All of these securities were initially classified as Level 2 assets within the fair value hierarchy.", "During 2016, 2015 and 2014 there were no changes to the initial classification.", "The Corporation recognizes consumer MSRs from the sale or securitization of first-lien mortgage loans.", "Servicing fee and ancillary fee income on consumer mortgage loans serviced, including securitizations where the Corporation has continuing", "The following table shows the major categories of ongoing claims for which the Company has been able to estimate its probable liability and for which the Company has taken reserves and the related insurance receivables:"], "table_evidence": [58, 1], "paragraph_evidence": [0, 57], "source": "multihiertt", "original_question_id": "f9ef2efc42da4fbdac9844e2c88d1172"}
{"question": "what is the percentage change in rent expense for operating leases from 2001 to 2002?", "python_solution": "def solution():\n    # Define variables name and value\n    rent_expense_2001 = 14\n    rent_expense_2002 = 16\n    \n    # Do math calculation to get the answer\n    answer = ((rent_expense_2002 - rent_expense_2001) / rent_expense_2001) * 100\n    \n    return answer", "ground_truth": 14.285714285714285, "question_id": "simplong-testmini-79", "paragraphs": ["ECHOSTAR COMMUNICATIONS CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - Continued F-34 closing price of the class A common stock on the last business day of each calendar quarter in which such shares of class A common stock are deemed sold to an employee under the ESPP.", "The ESPP shall terminate upon the first to occur of (i) October 1, 2007 or (ii) the date on which the ESPP is terminated by the Board of Directors.", "During 2000, 2001 and 2002 employees purchased approximately 58,000; 80,000 and 108,000 shares of class A common stock through the ESPP, respectively.401(k) Employee Savings Plan EchoStar sponsors a 401(k) Employee Savings Plan (the “401(k) Plan”) for eligible employees.", "Voluntary employee contributions to the 401(k) Plan may be matched 50% by EchoStar, subject to a maximum annual contribution by EchoStar of $1,000 per employee.", "Matching 401(k) contributions totaled approximately $1.6 million, $2.1 million and $2.4 million during the years ended December 31, 2000, 2001 and 2002, respectively.", "EchoStar also may make an annual discretionary contribution to the plan with approval by EchoStar’s Board of Directors, subject to the maximum deductible limit provided by the Internal Revenue Code of 1986, as amended.", "These contributions may be made in cash or in EchoStar stock.", "Forfeitures of unvested participant balances which are retained by the 401(k) Plan may be used to fund matching and discretionary contributions.", "Expense recognized relating to discretionary contributions was approximately $7 million, $225 thousand and $17 million during the years ended December 31, 2000, 2001 and 2002, respectively.9.", "Commitments and Contingencies Leases Future minimum lease payments under noncancelable operating leases as of December 31, 2002, are as follows (in thousands):", "|2003|$17,274|\n|2004|14,424|\n|2005|11,285|\n|2006|7,698|\n|2007|3,668|\n|Thereafter|1,650|\n|Total minimum lease payments|55,999|\n", "Total rent expense for operating leases approximated $9 million, $14 million and $16 million in 2000, 2001 and 2002, respectively.", "Purchase Commitments As of December 31, 2002, EchoStar’s purchase commitments totaled approximately $359 million.", "The majority of these commitments relate to EchoStar receiver systems and related components.", "All of the purchases related to these commitments are expected to be made during 2003.", "EchoStar expects to finance these purchases from existing unrestricted cash balances and future cash flows generated from operations.", "Patents and Intellectual Property Many entities, including some of EchoStar’s competitors, now have and may in the future obtain patents and other intellectual property rights that cover or affect products or services directly or indirectly related to those that EchoStar offers.", "EchoStar may not be aware of all patents and other intellectual property rights that its products may potentially infringe.", "Damages in patent infringement cases can include a tripling of actual damages in certain cases.", "Further, EchoStar cannot estimate the extent to which it may be required in the future to obtain licenses with respect to", "Item 7.", "MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS - Continued 52 Tivo litigation expense.", "We recorded $361 million of “Tivo litigation expense” during the year ended December 31, 2009 for supplemental damages, contempt sanctions and interest.", "See Note 14 in the Notes to the Consolidated Financial Statements in Item 15 of this Annual Report on Form 10-K for further discussion.", "Depreciation and amortization.", "“Depreciation and amortization” expense totaled $940 million during the year ended December 31, 2009, a $60 million or 6.0% decrease compared to the same period in 2008.", "The decrease in “Depreciation and amortization” expense was primarily due to the declines in depreciation expense related to set-top boxes used in our lease programs and the abandonment of a software development project during 2008 that was designed to support our IT systems.", "The decrease related to set-top-boxes was primarily attributable to capitalization of a higher mix of new advanced equipment in 2009 compared to the same period in 2008, which has a longer estimated useful life.", "In addition, the satellite depreciation expense declined due to the retirements of certain satellites from commercial service, almost entirely offset by depreciation expense associated with satellites placed in service in 2008.", "Interest income.", "“Interest income” totaled $30 million during the year ended December 31, 2009, a decrease of $21 million or 41.4% compared to the same period in 2008.", "This decrease principally resulted from lower percentage returns earned on our cash and marketable investment securities, partially offset by higher average cash and marketable investment securities balances during the year ended December 31, 2009.", "Interest expense, net of amounts capitalized.", "“Interest expense, net of amounts capitalized” totaled $388 million during the year ended December 31, 2009, an increase of $19 million or 5.0% compared to the same period in 2008.", "This change primarily resulted from an increase in interest expense related to the issuance of debt during 2009 and 2008 and the Ciel II capital lease, partially offset by a decrease in interest expense associated with 2008 debt redemptions.", "Other, net.", "“Other, net” expense totaled $16 million during the year ended December 31, 2009 compared to $169 million in 2008, a decrease of $153 million.", "This decrease primarily resulted from $178 million less in impairment charges on marketable and other investment securities, partially offset by $33 million less in net gains on the sale and exchanges of investments in 2009 compared to 2008.", "Earnings before interest, taxes, depreciation and amortization.", "EBITDA was $2.311 billion during the year ended December 31, 2009, a decrease of $576 million or 20.0% compared to the same period in 2008.", "EBITDA for the year ended December 31, 2009 was negatively impacted by the $361 million “Tivo litigation expense.", "” The following table reconciles EBITDA to the accompanying financial statements.", "|| For the Years Ended  December 31,|\n|| 2009| 2008|\n||(In thousands)|\n|EBITDA|$2,311,398|$2,887,697|\n|Less:|||\n|Interest expense, net|358,391|318,661|\n|Income tax provision (benefit), net|377,429|665,859|\n|Depreciation and amortization|940,033|1,000,230|\n|Net income (loss) attributable to DISH Network common shareholders|$635,545|$902,947|\n", "EBITDA is not a measure determined in accordance with accounting principles generally accepted in the United States, or GAAP, and should not be considered a substitute for operating income, net income or any other measure determined in accordance with GAAP.", "EBITDA is used as a measurement of operating efficiency and overall financial performance and we believe it to be a helpful measure for those evaluating companies in the pay-TV industry.", "Conceptually, EBITDA measures the amount of income generated each period that could be used to service debt, pay taxes and fund capital expenditures.", "EBITDA should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP.", "Income tax (provision) benefit, net.", "Our income tax provision was $377 million during the year ended December 31, 2009, a decrease of $288 million compared to the same period in 2008.", "The decrease in the provision was primarily related to the decrease in “Income (loss) before income taxes” and a decrease in our effective tax rate.", "DISH NETWORK CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - Continued F-28 9.", "Acquisitions DBSD North America and TerreStar Transactions On March 2, 2012, the FCC approved the transfer of 40 MHz of AWS-4 wireless spectrum licenses held by DBSD North America and TerreStar to us.", "On March 9, 2012, we completed the DBSD Transaction and the TerreStar Transaction, pursuant to which we acquired, among other things, certain satellite assets and wireless spectrum licenses held by DBSD North America and TerreStar.", "In addition, during the fourth quarter 2011, we and Sprint entered into a mutual release and settlement agreement (the “Sprint Settlement Agreement”) pursuant to which all issues then being disputed relating to the DBSD Transaction and the TerreStar Transaction were resolved between us and Sprint, including, but not limited to, issues relating to costs allegedly incurred by Sprint to relocate users from the spectrum then licensed to DBSD North America and TerreStar.", "The total consideration to acquire the DBSD North America and TerreStar assets was approximately $2.860 billion.", "This amount includes $1.364 billion for the DBSD Transaction, $1.382 billion for the TerreStar Transaction, and the net payment of $114 million to Sprint pursuant to the Sprint Settlement Agreement.", "See Note 16 for further information.", "As a result of these acquisitions, we recognized the acquired assets and assumed liabilities based on our estimates of fair value at their acquisition date, including $102 million in an uncertain tax position in “Long-term deferred revenue, distribution and carriage payments and other long-term liabilities” on our Consolidated Balance Sheets.", "Subsequently, in the third quarter 2013, this uncertain tax position was resolved and $102 million was reversed and recorded as a decrease in “Income tax (provision) benefit, net” on our Consolidated Statements of Operations and Comprehensive Income (Loss) for the year ended December 31, 2013.10.", "Discontinued Operations As of December 31, 2013, Blockbuster had ceased all material operations.", "Accordingly, our Consolidated Balance Sheets, Consolidated Statements of Operations and Comprehensive Income (Loss) and Consolidated Statements of Cash Flows have been recast to present Blockbuster as discontinued operations for all periods presented and the amounts presented in the Notes to our Consolidated Financial Statements relate only to our continuing operations, unless otherwise noted.", "During the years ended December 31, 2013, 2012 and 2011, the revenue from our discontinued operations was $503 million, $1.085 billion and $974 million, respectively.", "“Income (loss) from discontinued operations, before income taxes” for the same periods was a loss of $54 million, $62 million and $3 million, respectively.", "In addition, “Income (loss) from discontinued operations, net of tax” for the same periods was a loss of $47 million, $37 million and $7 million, respectively.", "As of December 31, 2013, the net assets from our discontinued operations consisted of the following:", "||As of December 31, 2013 (In thousands)|\n|Current assets from discontinued operations|$68,239|\n|Noncurrent assets from discontinued operations|9,965|\n|Current liabilities from discontinued operations|-49,471|\n|Long-term liabilities from discontinued operations|-19,804|\n|Net assets from discontinued operations|$8,929|\n", "PART II Item 5.", "MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES Market Price of and Dividends on the Registrant’s Common Equity and Related Stockholder Matters Market Information.", "Our Class A common stock is quoted on the Nasdaq Global Select Market under the symbol “DISH.", "” The high and low closing sale prices of our Class A common stock during 2014 and 2013 on the Nasdaq Global Select Market (as reported by Nasdaq) are set forth below.", "|2014|High|Low|\n|First Quarter|$62.42|$54.10|\n|Second Quarter|65.64|56.23|\n|Third Quarter|66.71|61.87|\n|Fourth Quarter|79.41|57.96|\n|2013|High|Low|\n|First Quarter|$38.02|$34.19|\n|Second Quarter|42.52|36.24|\n|Third Quarter|48.09|41.66|\n|Fourth Quarter|57.92|45.68|\n", "As of February 13, 2015, there were approximately 8,208 holders of record of our Class A common stock, not including stockholders who beneficially own Class A common stock held in nominee or street name.", "As of February 10, 2015, 213,247,004 of the 238,435,208 outstanding shares of our Class B common stock were beneficially held by Charles W.  Ergen, our Chairman, and the remaining 25,188,204 were held in trusts established by Mr.  Ergen for the benefit of his family.", "There is currently no trading market for our Class B common stock.", "Dividends.", "On December 28, 2012, we paid a cash dividend of $1.00 per share, or approximately $453 million, on our outstanding Class A and Class B common stock to stockholders of record at the close of business on December 14, 2012.", "While we currently do not intend to declare additional dividends on our common stock, we may elect to do so from time to time.", "Payment of any future dividends will depend upon our earnings and capital requirements, restrictions in our debt facilities, and other factors the Board of Directors considers appropriate.", "We currently intend to retain our earnings, if any, to support future growth and expansion, although we may repurchase shares of our common stock from time to time.", "See further discussion under “Item 7.", "Management’s Discussion and Analysis of Financial Condition and Results of Operations – Liquidity and Capital Resources” in this Annual Report on Form 10-K.  Securities Authorized for Issuance Under Equity Compensation Plans.", "See “Item 12.", "Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters” in this Annual Report on Form 10-K.", "Item 6.", "SELECTED FINANCIAL DATA The selected consolidated financial data as of and for each of the five years ended December 31, 2018 have been derived from our consolidated financial statements.", "On February 28, 2017, we and EchoStar and certain of our respective subsidiaries completed the Share Exchange.", "As the Share Exchange was a transaction between entities that are under common control accounting rules require that our Consolidated Financial Statements include the results of the Transferred Businesses for all periods presented, including periods prior to the completion of the Share Exchange.", "We initially recorded the Transferred Businesses at EchoStar’s historical cost basis.", "The difference between the historical cost basis of the Transferred Businesses and the net carrying value of the Tracking Stock was recorded in “Additional paid-in capital” on our Consolidated Balance Sheets.", "The results of the Transferred Businesses were prepared from separate records maintained by EchoStar for the periods prior to March 1, 2017, and may not necessarily be indicative of the conditions that would have existed, or the results of operations, if the Transferred Businesses had been operated on a combined basis with our subsidiaries.", "The selected consolidated financial data includes the results of the Transferred Businesses as described above for all periods presented, including periods prior to the completion of the Share Exchange.", "See Note 2 in the Notes to our Consolidated Financial Statements in this Annual Report on Form 10-K for further information.", "Certain prior year amounts have been reclassified to conform to the current year presentation.", "See further information under “Item 7.", "Management’s Discussion and Analysis of Financial Condition and Results of Operations — Explanation of Key Metrics and Other Items” in this Annual Report on Form 10-K.", "This data should be read in conjunction with our consolidated financial statements and related notes thereto for the three years ended December 31, 2018, and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included elsewhere in this Annual Report on Form 10-K.", "||As of December 31,|\n|Balance Sheet Data|2018|2017|2016|2015|2014|\n||(In thousands)|\n|Cash, cash equivalents and current marketable investment securities|$2,068,817|$1,980,673|$5,360,119|$1,611,894|$9,236,888|\n|Total assets|30,587,012|29,773,766|27,914,292|22,665,292|21,756,516|\n|Long-term debt and capital lease obligations (including current portion)|15,152,777|16,202,965|16,483,639|13,763,018|14,430,009|\n|Total stockholders’ equity (deficit)|8,594,189|6,937,906|4,611,323|2,694,161|1,925,243|\n", "For the Years Ended December 31,", "||For the Years Ended December 31,|\n|Statements of Operations Data|2018|2017|2016|2015|2014|\n||(In thousands, except per share amounts)|\n|Total revenue|$13,621,302|$14,391,375|$15,212,302|$15,225,493|$14,819,289|\n|Total costs and expenses|11,473,681|12,823,610|12,893,041|13,797,121|12,915,803|\n|Operating income (loss)|$2,147,621|$1,567,765|$2,319,261|$1,428,372|$1,903,486|\n|Net income (loss) attributable to DISH Network|$1,575,091|$2,098,689|$1,497,939|$802,374|$996,648|\n|Basic net income (loss) per share attributable to DISH Network|$3.37|$4.50|$3.22|$1.73|$2.17|\n|Diluted net income (loss) per share attributable to DISH Network|$3.00|$4.07|$3.15|$1.73|$2.15|\n"], "table_evidence": [-1], "paragraph_evidence": [11, 4], "source": "multihiertt", "original_question_id": "f323004ecbe24a30a4bd8019fef84725"}
{"question": "What's the increasing rate of Total operating revenues in 2011?", "python_solution": "def solution():\n    # Define variables name and value\n    total_operating_revenues_2011 = 4092.2\n    total_operating_revenues_2010 = 3487.7\n    \n    # Do math calculation to get the answer\n    difference = total_operating_revenues_2011 - total_operating_revenues_2010\n    increasing_rate = (difference / total_operating_revenues_2010) * 100\n    \n    return increasing_rate", "ground_truth": 17.33233936405081, "question_id": "simplong-testmini-80", "paragraphs": ["Other Liquidity Items Cash payments required for long-term debt maturities, rental payments under noncancellable operating leases, purchase obligations and other commitments in effect at December 31, 2010, are summarized in the following table:", "||Payments Due By Period(a)|\n|($ in millions)|Total|Less than1 Year|1-3 Years|3-5 Years|More than5 Years|\n|Long-term debt, including capital leases|$2,750.1|$34.5|$188.3|$367.1|$2,160.2|\n|Interest payments on long-term debt(b)|1,267.5|160.5|316.4|304.2|486.4|\n|Operating leases|93.2|31.1|37.1|16.6|8.4|\n|Purchase obligations(c)|6,586.9|2,709.5|3,779.4|98.0|−|\n|Total payments on contractual obligations|$10,697.7|$2,935.6|$4,321.2|$785.9|$2,655.0|\n", "(a) Amounts reported in local currencies have been translated at the year-end 2010 exchange rates.", "(b) For variable rate facilities, amounts are based on interest rates in effect at year end and do not contemplate the effects of hedging instruments.", "(c) The company’s purchase obligations include contracted amounts for aluminum, steel and other direct materials.", "Also included are commitments for purchases of natural gas and electricity, aerospace and technologies contracts and other less significant items.", "In cases where variable prices and/or usage are involved, management’s best estimates have been used.", "Depending on the circumstances, early termination of the contracts may or may not result in penalties and, therefore, actual payments could vary significantly.", "The table above does not include $60.1 million of uncertain tax positions, the timing of which is uncertain.", "Contributions to the company’s defined benefit pension plans, not including the unfunded German plans, are expected to be in the range of $30 million in 2011.", "This estimate may change based on changes in the Pension Protection Act and actual plan asset performance, among other factors.", "Benefit payments related to these plans are expected to be $71.4 million, $74.0 million, $77.1 million, $80.3 million and $84.9 million for the years ending December 31, 2011 through 2015, respectively, and a total of $483.1 million for the years 2016 through 2020.", "Payments to participants in the unfunded Other Liquidity Items Cash payments required for long-term debt maturities, rental payments under noncancellable operating leases, purchase obligations and other commitments in effect at December 31, 2010, are summarized in the following table:", "(a) Amounts reported in local currencies have been translated at the year-end 2010 exchange rates.", "(b) For variable rate facilities, amounts are based on interest rates in effect at year end and do not contemplate the effects of hedging instruments.", "(c) The company¡¯s purchase obligations include contracted amounts for aluminum, steel and other direct materials.", "Also included are commitments for purchases of natural gas and electricity, aerospace and technologies contracts and other less significant items.", "In cases where variable prices and/or usage are involved, management¡¯s best estimates have been used.", "Depending on the circumstances, early termination of the contracts may or may not result in penalties and, therefore, actual payments could vary significantly.", "The table above does not include $60.1 million of uncertain tax positions, the timing of which is uncertain.", "Contributions to the company¡¯s defined benefit pension plans, not including the unfunded German plans, are expected to be in the range of $30 million in 2011.", "This estimate may change based on changes in the Pension Protection Act and actual plan asset performance, among other factors.", "Benefit payments related to these plans are expected to be $71.4 million, $74.0 million, $77.1 million, $80.3 million and $84.9 million for the years ending December 31, 2011 through 2015, respectively, and a total of $483.1 million for the years 2016 through 2020.", "Payments to participants in the unfunded German plans are expected to be between $21.8 million (€16.5 million) to $23.2 million (€17.5 million) in each of the years 2011 through 2015 and a total of $102.7 million (€77.5 million) for the years 2016 through 2020.", "For the U. S.  pension plans in 2011, we changed our return on asset assumption to 8.00 percent (from 8.25 percent in 2010) and our discount rate assumption to an average of 5.55 percent (from 6.00 percent in 2010).", "Based on the changes in assumptions, pension expense in 2011 is anticipated to be relatively flat compared to 2010.", "A reduction of the expected return on pension assets assumption by a quarter of a percentage point would result in an estimated $2.9 million increase in the 2011 global pension expense, while a quarter of a percentage point reduction in the discount rate applied to the pension liability would result in an estimated $3.5 million of additional pension expense in 2011.", "Additional information regarding the company¡¯s pension plans is provided in Note 14 accompanying the consolidated financial statements within Item 8 of this report.", "Annual cash dividends paid on common stock were 20 cents per share in 2010, 2009 and 2008.", "Total dividends paid were $35.8 million in 2010, $37.4 million in 2009 and $37.5 million in 2008.", "On January 26, 2011, the company¡¯s board of directors approved an increase in the quarterly dividends to 7 cents per share.", "Share Repurchases Our share repurchases, net of issuances, totaled $506.7 million in 2010, $5.1 million in 2009 and $299.6 million in 2008.", "On November 2, 2010, we acquired 2,775,408 shares of our publicly held common stock in a private transaction for $88.8 million.", "On February 17, 2010, we entered into an accelerated share repurchase agreement to buy $125.0 million of our common shares using cash on hand and available borrowings.", "We advanced the $125.0 million on February 22, 2010, and received 4,323,598 shares, which represented 90 percent of the total shares as calculated using the previous day¡¯s closing price.", "The agreement was settled on May 20, 2010, and the company received an additional 398,206 shares.", "Net repurchases in 2008 included a $31 million settlement on January 7, 2008, of a forward contract entered into in December 2007 for the repurchase of 1,350,000 shares.", "From January 1 through February 24, 2011, Ball repurchased an additional $143.3 million of its common stock.", "Table of Contents into U. S.  Dollars using the spot foreign exchange rate in effect on the exercise date.", "Upon the exercise of share options, the company either issues new shares or can utilize shares held in treasury (see Note 10, “Share Capital”) to satisfy the exercise.", "The share option plans provided for a grant price equal to the quoted market price of the company's shares on the date of grant.", "If the options remain unexercised after a period of 10 years from the date of grant, the options expire.", "Furthermore, options are forfeited if the employee leaves the company before the options vest.", "All options outstanding at December 31, 2011were exercisable and had a range of exercise prices from ￡6.39 to ￡19.19, and weighted average remaining contractual life of 2.62 years.", "The total intrinsic value of options exercised during the years ended December 31, 2011, 2010, and 2009, was $9.2 million, $18.5 million, and $20.7 million, respectively.", "At December 31, 2011, the aggregate intrinsic value of options outstanding and options exercisable was $36.3 million.", "The market price of the company's common stock at December 31, 2011 was $20.09 (December 31, 2010: $24.06).", "Changes in outstanding share option awards are as follows:", "||2011|2010|2009|\n|Millions of shares, except prices|Options|Weighted Average Exercise Price(£ Sterling)|Options|Weighted Average Exercise Price(£ Sterling)|Options|Weighted Average Exercise Price(£ Sterling)|\n|Outstanding at the beginning of year|10.7|13.85|16.4|14.99|23.1|14.06|\n|Forfeited during the year|-5.3|19.70|-3.9|21.90|-2.1|15.15|\n|Exercised during the year|-0.9|8.33|-1.8|6.70|-4.6|10.20|\n|Outstanding at the end of the year|4.5|7.85|10.7|13.85|16.4|14.99|\n|Exercisable at the end of the year|4.5|7.85|10.7|13.85|16.4|14.99|\n", "13.", "RETIREMENT BENEFIT PLANS Defined Contribution Plans The company operates defined contribution retirement benefit plans for all qualifying employees.", "The assets of the plans are held separately from those of the company in funds under the control of trustees.", "When employees leave the plans prior to vesting fully in the contributions, the contributions payable by the company are reduced by the amount of forfeited contributions.", "The total amounts charged to the Consolidated Statements of Income for the year ended December 31, 2011, of $53.2 million (December 31, 2010: $47.0 million, 2009: $43.6 million) represent contributions paid or payable to these plans by the company at rates specified in the rules of the plans.", "As of December 31, 2011, accrued contributions of $20.0 million (December 31, 2010: $18.9 million) for the current year will be paid to the plans.", "Defined Benefit Plans The company maintains legacy defined benefit pension plans for qualifying employees of its subsidiaries in the U. K. , Ireland, Germany and Taiwan.", "All defined benefit plans are closed to new participants.", "The company also maintains a postretirement medical plan in the U. S. , which was closed to new participants in 2005.", "In 2006, the plan was amended to eliminate benefits for all participants who will not meet retirement eligibility by 2008.", "The assets of all defined benefit schemes are held in separate trustee-administered funds.", "Under the plans, the employees are generally entitled to retirement benefits based on final salary at retirement.", "The most recent actuarial valuations of plan assets and the present value of the defined benefit obligation were valued as of December 31, 2011.", "The benefit obligation, related current service cost and prior service cost were measured using the projected unit credit method.", "|$ in millions|Before Consolidation-1|Consolidated Investment Products|Adjustments-1(2)|Total|\n|Year ended December 31, 2010|||||\n|Total operating revenues|3,532.7|0.3|-45.3|3,487.7|\n|Total operating expenses|2,887.8|55.3|-45.3|2,897.8|\n|Operating income|644.9|-55.0|—|589.9|\n|Equity in earnings of unconsolidated affiliates|40.8|—|-0.6|40.2|\n|Interest and dividend income|10.4|246.0|-5.1|251.3|\n|Other investment income/(losses)|15.6|107.6|6.4|129.6|\n|Interest expense|-58.6|-123.7|5.1|-177.2|\n|Income before income taxes|653.1|174.9|5.8|833.8|\n|Income tax provision|-197.0|—|—|-197.0|\n|Net income|456.1|174.9|5.8|636.8|\n|(Gains)/losses attributable to noncontrolling interests in consolidated entities, net|-0.2|-170.8|-0.1|-171.1|\n|Net income attributable to common shareholders|455.9|4.1|5.7|465.7|\n", "(1) The Before Consolidation column includes Invesco's equity interests in the investment products accounted for as equity method (private equity and real estate partnership funds) and available-for-sale investments (CLOs).", "Upon consolidation of the CLOs, the company's and the CLOs' accounting policies are effectively aligned, resulting in the reclassification of the company's gain for the year ended December 31, 2011 of $20.3 million (representing the increase in the market value of the company's holding in the consolidated CLOs) from other comprehensive income into other gains/losses (year ended December 31, 2010: $6.4 million).", "The company's gain on its investment in the CLOs (before consolidation) eliminates with the company's share of the offsetting loss on the CLOs' debt.", "The net income arising from consolidation of CLOs is therefore completely attributed to other investors in these CLOs, as the company's share has been eliminated through consolidation.", "The Before Consolidation column does not include any other adjustments related to non-GAAPfinancial measure presentation.", "(2) Adjustments include the elimination of intercompany transactions between the company and its consolidated investment products, primarily the elimination of management fees expensed by the funds and recorded as operating revenues (before consolidation) by the company.", "Operating Revenues and Net Revenues The main categories of revenues, and the dollar and percentage change between the periods, are as follows:", "|$ in millions|2011|2010|$ Change|% Change|\n|Investment management fees|3,138.5|2,720.9|417.6|15.3%|\n|Service and distribution fees|780.3|645.5|134.8|20.9%|\n|Performance fees|37.9|26.1|11.8|45.2%|\n|Other|135.5|95.2|40.3|42.3%|\n|Total operating revenues|4,092.2|3,487.7|604.5|17.3%|\n|Third-party distribution, service and advisory expenses|-1,282.5|-1,053.8|-228.7|21.7%|\n|Proportional share of revenues, net of third-party distribution expenses, from joint venture investments|41.4|42.2|-0.8|-1.9%|\n|Management fees earned from consolidated investment products|46.8|45.3|1.5|3.3%|\n|Performance fees earned from consolidated investment products|0.5|—|0.5|N/A|\n|Other revenues recorded by consolidated investment products|—|-0.3|0.3|-100.0%|\n|Net revenues|2,898.4|2,521.1|377.3|15.0%|\n", "Operating revenues increased by 17.3% in the year ended December 31, 2011 to $4,092.2 million (year ended December 31, 2010: $3,487.7 million).", "Net revenues increased by 15.0% in in the year ended December 31, 2011 to $2,898.4 million (year ended December 31, 2010: $2,521.1 million).", "Net revenues are operating revenues less third-party distribution, service and advisory expenses, plus our proportional share of net revenues from joint venture arrangements, plus management and performance fees", "Table of Contents both probable and reasonably estimable.", "We must from time to time make material estimates with respect to legal and other contingencies.", "The nature of our business requires compliance with various state and federal statutes, as well as various contractual obligations, and exposes us to a variety of legal proceedings and matters in the ordinary course of business.", "While the outcomes of matters such as these are inherently uncertain and difficult to predict, we maintain reserves reflected in other current and other non-current liabilities, as appropriate, for identified losses that are, in our judgment, probable and reasonably estimable.", "Management's judgment is based on the advice of legal counsel, ruling on various motions by the applicable court, review of the outcome of similar matters, if applicable, and review of guidance from state or federal agencies, if applicable.", "Contingent consideration payable in relation to a business acquisition is recorded as of the acquisition date as part of the fair value transferred in exchange for the acquired business.", "Recent Accounting Standards See Item 8, Financial Statements and Supplementary Data - Note 1, “Accounting Policies - Accounting Pronouncements Recently Adopted and Pending Accounting Pronouncements.", "” Item 7A.", "Quantitative and Qualitative Disclosures About Market Risk In the normal course of its business, the company is primarily exposed to market risk in the form of securities market risk, interest rate risk, and foreign exchange rate risk.", "AUM Market Price Risk The company's investment management revenues are comprised of fees based on a percentage of the value of AUM.", "Declines in equity or fixed income security market prices could cause revenues to decline because of lower investment management fees by: ?", "Causing the value of AUM to decrease.  ?", "Causing the returns realized on AUM to decrease (impacting performance fees).  ?", "Causing clients to withdraw funds in favor of investments in markets that they perceive to offer greater opportunity and that the company does not serve.  ?", "Causing clients to rebalance assets away from investments that the company manages into investments that the company does not manage.  ?", "Causing clients to reallocate assets away from products that earn higher revenues into products that earn lower revenues.", "Underperformance of client accounts relative to competing products could exacerbate these factors.", "Securities Market Risk The company has investments in sponsored investment products that invest in a variety of asset classes.", "Investments are generally made to establish a track record or to hedge economically exposure to certain deferred compensation plans.", "The company's exposure to market risk arises from its investments.", "The following table summarizes the fair values of the investments exposed to market risk and provides a sensitivity analysis of the estimated fair values of those investments, assuming a 20% increase or decrease in fair values:"], "table_evidence": [71], "paragraph_evidence": [70], "source": "multihiertt", "original_question_id": "d8ad938c796c455c908be6ddca4f44c1"}
{"question": "what was the percentage decline in pipeline barrels from 2007 to 2009?", "python_solution": "def solution():\n    # Define variables name and value\n    barrels_2007 = 2500\n    barrels_2009 = 2232\n    \n    # Do math calculation to get the answer\n    difference = barrels_2007 - barrels_2009\n    percentage_decline = (difference / barrels_2007) * 100\n    \n    return percentage_decline", "ground_truth": 10.72, "question_id": "simplong-testmini-81", "paragraphs": ["eBay Inc.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) Employee Savings Plans We have a savings plan, which qualifies under Section 401(k) of the Internal Revenue Code.", "Participating employees may contribute up to 25% of their annual salary, but not more than statutory limits.", "In 2005 and 2006, we contributed one dollar for each dollar a participant contributed, with a maximum contribution of $1,500 per employee.", "In 2007, we contributed one dollar for each dollar a participant contributed, with a maximum contribution of $2,000 per employee.", "Our non-U.", "S.  employees are covered by various other savings plans.", "Our expenses for these plans were $8.6 million in 2005, $14.9 million in 2006 and $20.4 million in 2007.", "Deferred Stock Unit Plan We have a deferred stock unit plan under which deferred stock units have to date, been granted non-employee directors elected to our Board of Directors after December 31, 2002.", "Under this plan, each new director receives a one-time grant of deferred stock units equal to the result of dividing $150,000 by the fair market value of our common stock on the date of grant.", "Each deferred stock unit constitutes an unfunded and unsecured promise by us to deliver one share of our common stock (or the equivalent value thereof in cash or property at our election).", "Each deferred stock unit award granted to a new non-employee director upon election to the Board vests 25% one year from the date of grant, and at a rate of 2.08% per month thereafter.", "If the services of the director are terminated at any time, all rights to the unvested deferred stock units shall also terminate.", "In addition, directors may elect to receive, in lieu of annual retainer and committee chair fees and at the time these fees would otherwise be payable (i. e. , on a quarterly basis in arrears for services provided), fully vested deferred stock units with an initial value equal to the amount based on the fair market value of common stock at the date of grant.", "Deferred stock units are payable following the termination of a director’s tenure as a director.", "All eBay officers, directors and employees are eligible to receive awards under the plan, although, to date, awards have been made only to new non-employee directors.", "As of December 31, 2007, 47,481 units have been awarded under this plan.", "Valuation Assumptions We calculated the fair value of each option award on the date of grant using the Black-Scholes option pricing model.", "The following weighted-average assumptions were used for each respective period:", "|| Year Ended December 31,|\n|| 2005| 2006| 2007|\n|Risk-free interest rates|3.8%|4.7%|4.5%|\n|Expected life|3 years|3 years|3.5 years|\n|Dividend yield|0%|0%|0%|\n|Expected volatility|36%|36%|37%|\n", "Our computation of expected volatility for 2006 and 2007 was based on a combination of historical and market-based implied volatility from traded options on our stock.", "Prior to 2006, our computation of expected volatility was based on historical volatility.", "Our computation of expected life was determined based on historical experience of similar awards, giving consideration to the contractual terms of the stock-based awards, vesting schedules and expectations of future employee behavior.", "The interest rate for periods within the contractual life of the award is based on the U. S.  Treasury yield curve in effect at the time of grant.", "We recognize interest and penalties related to unrecognized tax benefits as part of income tax expense in the Consolidated Statements of Operations, which is consistent with prior reporting periods.", "As of December 31, 2011, three tax years were subject to audit by the United States Internal Revenue Service (IRS), covering the years 2009 through 2011.", "In 2011, IRS examinations of the 2004 through 2008 tax returns were completed, and a final audit report was issued.", "We are now waiting on review and final sign-off by the Joint Committee on Taxation.", "Refunds aggregating $15.6 are expected for all years associated with the audit.", "In addition, in 2011 we adjusted our reserve for uncertain tax positions with respect to the largest issue in connection with this examination, related to worthless stock deductions, which had a favorable impact on our tax provision of $3.6.", "Five tax years were undergoing (or subject to) audit by the Canada Revenue Agency, covering the periods 2005 through 2009.", "Examinations are in progress for each of these years and are at various stages of completion, but to date we are not aware of any material adjustments.", "Various state and other foreign jurisdiction tax years remain open to examination as well, though we believe assessments (if any) would be immaterial to our consolidated financial statements.", "We are not aware of any changes that would materially impact our tax expense for an increase or decrease in the total amount of unrecognized tax benefits within the next 12 months.", "Deferred income taxes are provided for the temporary differences between the financial reporting basis and the tax basis of our assets and liabilities.", "The major temporary differences and their associated deferred tax assets or liabilities are as follows:", "||December 31|\n||2011|2010|\n||Assets|Liabilities|Assets|Liabilities|\n|Property, plant and equipment|$12.2|$-65.5|$12.7|$-61.8|\n|Inventories|2.1|-16.0|2.1|-18.7|\n|Accrued expenses|91.8|-.2|91.9|-1.2|\n|Net operating loss and tax credit carryforwards|67.4|—|64.9|—|\n|Pension cost and other post-retirement benefits|24.0|-.8|20.5|-1.4|\n|Intangible assets|3.6|-112.1|4.6|-109.2|\n|Derivative financial instruments|13.3|-1.7|.5|-2.8|\n|Uncertain tax positions|13.4|—|16.9|—|\n|Other|15.1|-12.7|14.4|-12.9|\n|Gross deferred tax assets (liabilities)|242.9|-209.0|228.5|-208.0|\n|Valuation allowance|-69.1|—|-69.0|—|\n|Total deferred taxes|$173.8|$-209.0|$159.5|$-208.0|\n|Net deferred tax (liability)||$-35.2||$-48.5|\n", "The valuation allowance primarily relates to net operating loss and tax credit carryforwards for which utilization is uncertain.", "Cumulative tax losses in certain state and foreign jurisdictions during recent years, limited carryforward periods in certain jurisdictions, future reversals of existing taxable temporary differences, and reasonable tax planning strategies were among the factors considered in determining the valuation allowance.", "These loss and credit carryforwards have expiration dates that vary generally over the next 20 years, but no significant amounts expire in any one year.", "Deferred income taxes and withholding taxes have been provided on earnings of our foreign subsidiaries to the extent it is anticipated that the earnings will be remitted in the future as dividends.", "The tax effect of most distributions would be significantly offset by available foreign tax credits.", "PART II Cash from Operations Cash from operations is our primary source of funds.", "Earnings and changes in working capital levels are the two broad factors that generally have the greatest impact on our cash from operations.", "As shown in the chart below (and discussed in the paragraph that follows), most of the variability in cash from operations in recent years has come from changes in working capital.", "|| Amount (in millions) |# Days Outstanding|\n|| 2011 | 2010 | Change | 2011 | 2010 |Change|\n|Accounts Receivable, net-1|$504|$479|$25|51|52|-1|\n|Inventory, net-2|$441|$435|$ 6|54|59|-5|\n|Accounts Payable-3|$257|$226|$31|32|31|1|\n", "In 2011, cash from operations decreased primarily due to lower earnings.", "The decrease in 2010 operating cash (versus 2009) was due to the change in working capital levels (as shown in the chart above).", "Cash from operations in 2009 benefitted from a $186 million reduction in working capital that occurred as a result of the economy-induced sales contraction.", "The following table presents key working capital measures at the end of the past two years.", "(1) The accounts receivable ratio represents the days of sales outstanding calculated as: ending net accounts receivable ÷ (net sales ÷ number of days in the year).", "(2) The inventory ratio represents days of inventory on hand calculated as: ending net inventory ÷ (cost of goods sold ÷ number of days in the year).", "(3) The accounts payable ratio represents the days of payables outstanding calculated as: ending accounts payable ÷ (cost of goods sold ÷ number of days in the year).", "Pipeline transportation – We own a system of pipelines through Marathon Pipe Line LLC (“MPL”) and Ohio River Pipe Line LLC (“ORPL”), our wholly-owned subsidiaries.", "Our pipeline systems transport crude oil and refined products primarily in the Midwest and Gulf Coast regions to our refineries, our terminals and other pipeline systems.", "Our MPL and ORPL wholly-owned and undivided interest common carrier systems consist of 1,737 miles of crude oil lines and 1,825 miles of refined product lines comprising 32 systems located in 11 states.", "The MPL common carrier pipeline network is one of the largest petroleum pipeline systems in the United States, based on total barrels delivered.", "Our common carrier pipeline systems are subject to state and Federal Energy Regulatory Commission regulations and guidelines, including published tariffs for the transportation of crude oil and refined products.", "Third parties generated 13 percent of the crude oil and refined product shipments on our MPL and ORPL common carrier pipelines in 2009.", "Our MPL and ORPL common carrier pipelines transported the volumes shown in the following table for each of the last three years.", "|(Thousands of barrels per day)|2009|2008|2007|\n|Crude oil trunk lines|1,279|1,405|1,451|\n|Refined products trunk lines|953|960|1,049|\n|TOTAL|2,232|2,365|2,500|\n", "We also own 196 miles of private crude oil pipelines and 850 miles of private refined products pipelines, and we lease 217 miles of common carrier refined product pipelines.", "We have partial ownership interests in several pipeline companies that have approximately 780 miles of crude oil pipelines and 3,600 miles of refined products pipelines, including about 970 miles operated by MPL.", "In addition, MPL operates most of our private pipelines and 985 miles of crude oil and 160 miles of natural gas pipelines owned by our E&P segment.", "Our major refined product pipelines include the owned and operated Cardinal Products Pipeline and the Wabash Pipeline.", "The Cardinal Products Pipeline delivers refined products from Kenova, West Virginia, to Columbus, Ohio.", "The Wabash Pipeline system delivers product from Robinson, Illinois, to various terminals in the area of Chicago, Illinois.", "Other significant refined product pipelines owned and operated by MPL extend from: Robinson, Illinois, to Louisville, Kentucky; Garyville, Louisiana, to Zachary, Louisiana; and Texas City, Texas, to Pasadena, Texas.", "In addition, as of December 31, 2009, we had interests in the following refined product pipelines: ?65 percent undivided ownership interest in the Louisville-Lexington system, a petroleum products pipeline system extending from Louisville to Lexington, Kentucky; ?60 percent interest in Muskegon Pipeline LLC, which owns a refined products pipeline extending from Griffith, Indiana, to North Muskegon, Michigan; ?50 percent interest in Centennial Pipeline LLC, which owns a refined products system connecting the Gulf Coast region with the Midwest market; ?17 percent interest in Explorer Pipeline Company, a refined products pipeline system extending from the Gulf Coast to the Midwest; and ?6 percent interest in Wolverine Pipe Line Company, a refined products pipeline system extending from Chicago, Illinois, to Toledo, Ohio.", "Our major owned and operated crude oil lines run from: Patoka, Illinois, to Catlettsburg, Kentucky; Patoka, Illinois, to Robinson, Illinois; Patoka, Illinois, to Lima, Ohio; Lima, Ohio to Canton, Ohio; Samaria, Michigan, to Detroit, Michigan; and St.  James, Louisiana, to Garyville, Louisiana.", "As of December 31, 2009, we had interests in the following crude oil pipelines: ?51 percent interest in LOOP LLC, the owner and operator of LOOP, which is the only U. S.  deepwater oil port, located 18 miles off the coast of Louisiana, and a crude oil pipeline connecting the port facility to storage caverns and tanks at Clovelly, Louisiana; ?59 percent interest in LOCAP LLC, which owns a crude oil pipeline connecting LOOP and the Capline system;"], "table_evidence": [59], "paragraph_evidence": [-1], "source": "multihiertt", "original_question_id": "f966ab6e473d4c2c84e5c86780374877"}
{"question": "What do all Benefits earned during the year sum up, excluding those negative ones in 2010 for Pension plans ? (in million)", "python_solution": "def solution():\n    # Define variables name and value\n    benefit_earned_us = 14\n    benefit_earned_non_us = 167\n    \n    # Do math calculation to get the answer\n    answer = benefit_earned_us + benefit_earned_non_us\n    \n    return answer", "ground_truth": 181.0, "question_id": "simplong-testmini-82", "paragraphs": ["9.", "RETIREMENT BENEFITS The Company has several non-contributory defined benefit pension plans covering certain U. S.  employees and has various defined benefit pension and termination indemnity plans covering employees outside the United States.", "The U. S.  qualified defined benefit plan provides benefits under a cash balance formula.", "However, employees satisfying certain age and service requirements remain covered by a prior final average pay formula under that plan.", "Effective January1, 2008, the U. S.  qualified pension plan was frozen for most employees.", "Accordingly, no additional compensation-based contributions were credited to the cash balance portion of the plan for existing plan participants after 2007.", "However, certain employees covered Net (Benefit) Expense under the prior final pay plan formula continue to accrue benefits.", "The Company also offers postretirement health care and life insurance benefits to certain eligible U. S.  retired employees, as well as to certain eligible employees outside the United States.", "The following tables summarize the components of net (benefit) expense recognized in the Consolidated Statement of Income and the funded status and amounts recognized in the Consolidated Balance Sheet for the Company’s U. S.  qualified and nonqualified pension plans, postretirement plans and plans outside the United States.", "The Company uses a December31 measurement date for the U. S.  plans as well as the plans outside the United States.", "||Pension plans|Postretirement benefit plans|\n||U.S. plans|Non-U.S. plans|U.S. plans|Non-U.S. plans|\n|In millions of dollars|2010|2009|2008|2010|2009|2008|2010|2009|2008|2010|2009|2008|\n|Qualified Plans|||||||||||||\n|Benefits earned during the year|$14|$18|$23|$167|$148|$201|$1|$1|$1|$23|$26|$36|\n|Interest cost on benefit obligation|644|649|674|342|301|354|59|61|62|105|89|96|\n|Expected return on plan assets|-874|-912|-949|-378|-336|-487|-8|-10|-12|-100|-77|-109|\n|Amortization of unrecognized|||||||||||||\n|Net transition obligation|—|—|—|-1|-1|1|—|—|—|—|—|—|\n|Prior service cost (benefit)|-1|-1|-2|4|4|4|-3|-1|—|—|—|—|\n|Net actuarial loss|47|10|—|57|60|24|11|2|4|20|18|21|\n|Curtailment loss-1|—|47|56|13|22|108|—|—|16|—|—|—|\n|Net qualified (benefit) expense|$-170|$-189|$-198|$204|$198|$205|$60|$53|$71|$48|$56|$44|\n|Nonqualified (benefit) expense|$41|$41|$38|$—|$—|$—|$—|$—|$—|$—|$—|$—|\n|Total net (benefit) expense|$-129|$-148|$-160|$204|$198|$205|$60|$53|$71|$48|$56|$44|\n", "(1) The 2009 curtailment loss in the non-U.", "S pension plans includes an $18 million gain reflecting the sale of Citigroup’s Nikko operations.", "See Note 3 to the Consolidated Financial Statements for further discussion of the sale of Nikko operations.", "The estimated net actuarial loss, prior service cost and net transition obligation that will be amortized from Accumulated other comprehensive income (loss) into net expense in 2011 are approximately $147 million, $2 million and $(1) million, respectively, for defined benefit pension plans.", "For postretirement plans, the estimated 2011 net actuarial loss and prior service cost amortizations are approximately $41 million and $(3) million, respectively", "SPECIAL ASSET POOL Special Asset Pool (SAP), which constituted approximately 22% of Citi Holdings by assets as of December 31, 2010, is a portfolio of securities, loans and other assets that Citigroup intends to actively reduce over time through asset sales and portfolio run-off.", "At December 31, 2010, SAP had $80 billion of assets.", "SAP assets have declined by $248 billion, or 76%, from peak levels in 2007 reflecting cumulative write-downs, asset sales and portfolio run-off.", "|In millions of dollars|2010|2009|2008|% Change 2010 vs. 2009|% Change 2009 vs. 2008|\n|Net interest revenue|$1,219|$2,754|$2,676|-56%|3%|\n|Non-interest revenue|1,633|-6,014|-42,375|NM|86|\n|Revenues, net of interest expense|$2,852|$-3,260|$-39,699|NM|92%|\n|Total operating expenses|$548|$824|$893|-33%|-8%|\n|Net credit losses|$2,013|$5,399|$906|-63%|NM|\n|Provision (releases) for unfunded lending commitments|-76|111|-172|NM|NM|\n|Credit reserve builds (releases)|-1,711|-530|2,677|NM|NM|\n|Provisions for credit losses and for benefits and claims|$226|$4,980|$3,411|-95%|46%|\n|Income (loss) from continuing operations before taxes|$2,078|$-9,064|$-44,003|NM|79%|\n|Income taxes (benefits)|905|-3,695|-16,714|NM|78|\n|Net income (loss) from continuing operations|$1,173|$-5,369|$-27,289|NM|80%|\n|Net income (loss) attributable to noncontrolling interests|188|-16|-205|NM|92|\n|Net income (loss)|$985|$-5,353|$-27,084|NM|80%|\n|EOP assets(in billions of dollars)|$80|$136|$219|-41%|-38%|\n", "2010 vs.  2009 Revenues, net of interest expense increased $6.1 billion, primarily due to the improvement of revenue marks in 2010.", "Aggregate marks were negative $2.6 billion in 2009 as compared to positive marks of $3.4 billion in 2010 (see “Items Impacting SAP Revenues” below).", "Revenue in the current year included positive marks of $2.0 billion related to sub-prime related direct exposure, a positive $0.5 billion CVA related to the monoline insurers, and $0.4 billion on private equity positions.", "These positive marks were partially offset by negative revenues of $0.5 billion on Alt-A mortgages and $0.4 billion on commercial real estate.", "Operating expenses decreased 33% in 2010, mainly driven by the absence of the U. S.  government loss-sharing agreement, lower compensation, and lower transaction expenses.", "Provisions for credit losses and for benefits and claims decreased $4.8 billion due to a decrease in net credit losses of $3.4 billion and a higher release of loan loss reserves and unfunded lending commitments of $1.4 billion.", "Assets declined 41% from the prior year, primarily driven by sales and amortization and prepayments.", "Asset sales of $39 billion for the year of 2010 generated pretax gains of approximately $1.3 billion.2009 vs.  2008 Revenues, net of interest expense increased $36.4 billion in 2009, primarily due to the absence of significant negative revenue marks occurring in the prior year.", "Total negative marks were $2.6 billion in 2009 as compared to $37.4 billion in 2008.", "Revenue in 2009 included positive marks of $0.8 billion on subprime-related direct exposures.", "These positive revenues were partially offset by negative revenues of $1.5 billion on Alt-A mortgages, $0.8 billion of write-downs on commercial real estate, and a negative $1.6 billion CVA on the monoline insurers and fair value option liabilities.", "Revenue was also affected by negative marks on private equity positions and write-downs on highly leveraged finance commitments.", "Operating expenses decreased 8% in 2009, mainly driven by lower compensation and lower volumes and transaction expenses, partially offset by costs associated with the U. S.  government loss-sharing agreement exited in the fourth quarter of 2009.", "Provisions for credit losses and for benefits and claims increased $1.6 billion, primarily driven by $4.5 billion in increased net credit losses, partially offset by a lower provision for loan losses and unfunded lending commitments of $2.9 billion.", "Assets declined 38% versus the prior year, primarily driven by amortization and prepayments, sales, marks and charge-offs.", "Investment Securities Investment securities totaled $5,215.4 million, or 40% of total assets at December 31, 2008, and $4,650.4 million, or 36% of total assets at December 31, 2007.", "Debt securities, detailed below, comprised over 99% of this investment portfolio.", "The fair value of debt securities were as follows at December 31, 2008 and 2007:", "|| December 31, 2008|Percentage of Total| December 31, 2007| Percentage of Total|\n|| (dollars in thousands)|\n|U.S. Government and agency obligations|$1,883,378|36.2%|$984,003|21.2%|\n|Tax exempt municipal securities|1,689,462|32.5%|1,864,991|40.2%|\n|Mortgage and asset-backed securities|766,202|14.7%|910,662|19.6%|\n|Corporate securities|841,397|16.2%|863,866|18.6%|\n|Redeemable preferred stocks|19,702|0.4%|15,558|0.4%|\n|Total debt securities|$5,200,141|100.0%|$4,639,080|100.0%|\n", "More than 98% of our debt securities were of investment-grade quality, with an average credit rating of AA+ by S&P at December 31, 2008.", "Most of the debt securities that are below investment grade are rated at the higher end (BB or better) of the non-investment grade spectrum.", "Our investment policy limits investments in a single issuer and requires diversification among various asset types.", "U. S.  Government and agency obligations include $1,431.6 million at December 31, 2008 and $791.8 million at December 31, 2007 of debt securities issued by agencies of the U. S.  Government including Federal National Mortgage Association, or Fannie Mae, and Federal Home Loan Mortgage Association, or Freddie Mac, whose principal payment is guaranteed by the U. S.  Government.", "Tax exempt municipal securities included pre-refunded bonds of $694.8 million at December 31, 2008 and $182.2 million at December 31, 2007.", "These pre-refunded bonds are secured by an escrow fund consisting of U. S.  government obligations sufficient to pay off all amounts outstanding at maturity.", "The ratings of these pre-refunded bonds generally assume the rating of the government obligations (AAA by S&P) at the time the fund is established.", "In addition, certain monoline insurers guarantee the timely repayment of bond principal and interest when a bond issuer defaults and generally provide credit enhancement for bond issues related to our tax exempt municipal securities.", "We have no direct exposure to these monoline insurers.", "We owned $452.4 million and $662.4 million at December 31, 2008 and 2007, respectively of tax exempt securities guaranteed by monoline insurers.", "The equivalent S&P credit rating of these tax-exempt securities without the guarantee from the monoline insurer was AA-.", "Our direct exposure to subprime mortgage lending is limited to investment in residential mortgage-backed securities and asset-backed securities backed by home equity loans.", "The fair value of securities backed by Alt-A and subprime loans was $7.6 million at December 31, 2008 and $22.0 million at December 31, 2007.", "There are no collateralized debt obligations or structured investment vehicles in our investment portfolio.", "The percentage of corporate securities associated with the financial services industry was 42.4% at December 31, 2008 and 48.4% at December 31, 2007.", "Duration is indicative of the relationship between changes in market value and changes in interest rates, providing a general indication of the sensitivity of the fair values of our debt securities to changes in interest rates.", "However, actual market values may differ significantly from estimates based on duration.", "The average duration of our debt securities was approximately 4.2 years at December 31, 2008.", "Including cash equivalents, the average duration was approximately 3.4 years.", "Based on the duration including cash equivalents, a 1% increase in interest rates would generally decrease the fair value of our securities by approximately $229 million."], "table_evidence": [10], "paragraph_evidence": [-1], "source": "multihiertt", "original_question_id": "01f45f4d3645476d8e6ba16beab0ff28"}
{"question": "what was the percent change in operating leases between 2011/12 and 2013/4?", "python_solution": "def solution():\n    # Define variables name and value\n    operating_leases_2011_2012 = 47.6\n    operating_leases_2013_2014 = 26.6\n    \n    # Do math calculation to get the answer\n    difference = operating_leases_2013_2014 - operating_leases_2011_2012\n    percent_change = (difference / operating_leases_2011_2012) * 100\n    \n    return percent_change", "ground_truth": -44.11764705882353, "question_id": "simplong-testmini-83", "paragraphs": ["Acquisition, integration, realignment and other expenses for 2009 were $75.3 million compared to $68.5 million in 2008.", "During 2009, we initiated a workforce realignment, which included the elimination of positions in some areas and increases in others to support long-term growth.", "As a result of this realignment and headcount reductions from acquisitions, we incurred approximately $19.0 million of severance and termination-related expenses.", "Other items in acquisition, integration, realignment and other expenses in 2009 included approximately $9.4 million of expenses related to contract termination costs, $23.4 million of certain litigation matters that were recognized during the period and various costs incurred to integrate the Abbott Spine business acquired in the fourth quarter of 2008.", "Included in acquisition, integration, realignment and other expenses in 2008 was $38.5 million of in-process research and development related to the Abbott Spine acquisition and other costs related to the integration of Abbott Spine.", "See Note 2 to the consolidated financial statements for a more complete description of these charges.", "We recognized a net curtailment and settlement gain of $32.1 million during 2009 related to amending our U. S.  and Puerto Rico postretirement benefit plans.", "For more information regarding the net curtailment and settlement gain, see Note 12 to the consolidated financial statements.", "Operating Profit, Income Taxes and Net Earnings Operating profit for 2009 decreased 7 percent to $1,018.8 million from $1,090.0 million in 2008.", "The decrease in operating profit is due to higher operating expenses, most notably the goodwill impairment charge.", "Interest and other expense for 2009 increased to $20.6 million compared to income of $31.8 million in 2008.", "Interest and other income in 2008 included a realized gain of $38.8 million related to the sale of certain marketable securities.", "Interest expense increased in the 2009 period as the result of increased long-term debt used to partially fund the Abbott Spine acquisition and the $1.0 billion senior notes offering during 2009.", "The effective tax rate on earnings before income taxes increased to 28.1 percent for 2009, up from 24.3 percent in 2008.", "The effective tax rate for 2009 is negatively impacted by the goodwill impairment charge of $73.0 million recorded during 2009 for which no tax benefit was recorded.", "The effective tax rate for 2008 includes the impact of a current tax benefit of $31.7 million related to the 2007 settlement expense, resulting in a decrease of approximately 3 percent in the 2008 effective tax rate.", "This impact on the 2008 effective tax rate was partially offset by Abbott Spine acquisition\u0002related in-process research and development charges recorded during 2008 for which no tax benefit was recorded.", "These discrete items account for the majority of the change in our effective tax rate year-over-year.", "Net earnings decreased 15 percent to $717.4 million for 2009, compared to $848.6 million in 2008, as a result of decreased operating profit, increased interest expense and an increased effective tax rate.", "Basic earnings per share in 2009 decreased 10 percent to $3.34 from $3.73 in 2008.", "Diluted earnings per share decreased 11 percent to $3.32 from $3.72 in 2008.", "The disproportional change in earnings per share as compared to net earnings is attributed to the effect of 2009 and 2008 share repurchases.", "ear Ended December 31, 2008 Compared to Year Ended December 31, 2007 Net Sales by Reportable Segment The following table presents net sales by reportable segment and the components of the percentage changes (dollars in millions):", "||Year Ended December 31,||Volume/ Mix||Foreign Exchange|\n||2008|2007|% Inc|Price|\n|Americas|$2,353.9|$2,277.0|3%|3%|–%|–%|\n|Europe|1,179.1|1,081.0|9|4|–|5|\n|Asia Pacific|588.1|539.5|9|5|-3|7|\n|Total|$4,121.1|$3,897.5|6|3|–|3|\n", "We have a five year $1,350 million revolving, multi\u0002currency, senior unsecured credit facility maturing November 30, 2012 (Senior Credit Facility).", "We had $128.8 million outstanding under the Senior Credit Facility at December 31, 2009, and an availability of $1,221.2 million.", "The Senior Credit Facility contains provisions by which we can increase the line to $1,750 million.", "We also have available uncommitted credit facilities totaling $84.1 million.", "We may use excess cash or further borrow against our Senior Credit Facility, subject to limits set by our Board of Directors, to repurchase additional common stock under the $1.25 billion program which expires December 31, 2010.", "Approximately $211.1 million remains authorized for future repurchases under this plan.", "Management believes that cash flows from operations and available borrowings under the Senior Credit Facility are sufficient to meet our expected working capital, capital expenditure and debt service needs.", "Should investment opportunities arise, we believe that our earnings, balance sheet and cash flows will allow us to obtain additional capital, if necessary.", "CONTRACTUAL OBLIGATIONS We have entered into contracts with various third parties in the normal course of business which will require future payments.", "The following table illustrates our contractual obligations (in millions):", "|Contractual Obligations|Total|2010|2011 and 2012|2013 and 2014|2015 and Thereafter|\n|Long-term debt|$1,127.6|$–|$128.8|$–|$998.8|\n|Interest payments|1,095.6|53.7|103.8|103.8|834.3|\n|Operating leases|134.6|37.3|47.6|26.6|23.1|\n|Purchase obligations|33.0|27.8|5.1|0.1|–|\n|Long-term income taxes payable|94.3|–|56.5|15.3|22.5|\n|Other long-term liabilities|234.2|–|81.7|26.2|126.3|\n|Total contractual obligations|$2,719.3|$118.8|$423.5|$172.0|$2,005.0|\n", "CRITICAL ACCOUNTING ESTIMATES Our financial results are affected by the selection and application of accounting policies and methods.", "Significant accounting policies which require management’s judgment are discussed below.", "Excess Inventory and Instruments – We must determine as of each balance sheet date how much, if any, of our inventory may ultimately prove to be unsaleable or unsaleable at our carrying cost.", "Similarly, we must also determine if instruments on hand will be put to productive use or remain undeployed as a result of excess supply.", "Reserves are established to effectively adjust inventory and instruments to net realizable value.", "To determine the appropriate level of reserves, we evaluate current stock levels in relation to historical and expected patterns of demand for all of our products and instrument systems and components.", "The basis for the determination is generally the same for all inventory and instrument items and categories except for work-in-progress inventory, which is recorded at cost.", "Obsolete or discontinued items are generally destroyed and completely written off.", "Management evaluates the need for changes to valuation reserves based on market conditions, competitive offerings and other factors on a regular basis.", "Income Taxes – Our income tax expense, deferred tax assets and liabilities and reserves for unrecognized tax benefits reflect management’s best assessment of estimated future taxes to be paid.", "We are subject to income taxes in both the U. S.  and numerous foreign jurisdictions.", "Significant judgments and estimates are required in determining the consolidated income tax expense.", "We estimate income tax expense and income tax liabilities and assets by taxable jurisdiction.", "Realization of deferred tax assets in each taxable jurisdiction is dependent on our ability to generate future taxable income sufficient to realize the benefits.", "We evaluate deferred tax assets on an ongoing basis and provide valuation allowances if it is determined to be “more likely than not” that the deferred tax benefit will not be realized.", "Federal income taxes are provided on the portion of the income of foreign subsidiaries that is expected to be remitted to the U. S.  The calculation of our tax liabilities involves dealing with uncertainties in the application of complex tax laws and regulations in a multitude of jurisdictions across our global operations.", "We are subject to regulatory review or audit in virtually all of those jurisdictions and those reviews and audits may require extended periods of time to resolve.", "We record our income tax provisions based on our knowledge of all relevant facts and circumstances, including existing tax laws, our experience with previous settlement agreements, the status of current examinations and our understanding of how the tax authorities view certain relevant industry and commercial matters.", "We recognize tax liabilities in accordance with the Financial Accounting Standards Board’s (FASB) guidance on income taxes and we adjust these liabilities when our judgment changes as a result of the evaluation of new information not previously available.", "Due to the complexity of some of these uncertainties, the ultimate resolution may result in a payment that is materially different from our current estimate of the tax liabilities.", "These differences will be reflected as increases or decreases to income tax expense in the period in which they are determined.", "Commitments and Contingencies – Accruals for product liability and other claims are established with the assistance of internal and external legal counsel based on current information and historical settlement information for claims, related legal fees and for claims incurred but not reported.", "We use an actuarial model to assist management in determining an appropriate level of accruals for product liability claims.", "Historical patterns of claim loss development", "NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) Revisions to the Consolidated Balance Sheet", "||December 31, 2014|\n||As Reported|Adjustments|As Revised|\n|Inventories|$1,169.0|$24.3|$1,193.3|\n|Total Current Assets|4,289.0|24.3|4,313.3|\n|Property, plant and equipment, net|1,288.8|-3.5|1,285.3|\n|Other assets|939.2|2.5|941.7|\n|Total Assets|9,634.7|23.3|9,658.0|\n|Accounts payable|167.1|-21.9|145.2|\n|Income taxes payable|72.4|7.9|80.3|\n|Other current liabilities|798.5|–|798.5|\n|Total Current Liabilities|1,038.0|-14.0|1,024.0|\n|Long-term income tax payable|181.7|8.2|189.9|\n|Total Liabilities|3,112.1|-5.8|3,106.3|\n|Retained earnings|8,285.2|76.9|8,362.1|\n|Accumulated other comprehensive income|85.9|-47.8|38.1|\n|Total Zimmer Holdings, Inc. stockholders’ equity|6,520.8|29.1|6,549.9|\n|Total Stockholders’ Equity|6,522.6|29.1|6,551.7|\n|Total Liabilities and Stockholders’ Equity|9,634.7|23.3|9,658.0|\n", "Year ended December 31, 2014", "||Year ended December 31, 2014|Year ended December 31, 2013|\n||As Reported|Adjustments|As Revised|As Reported|Adjustments|As Revised|\n|Net earnings|$719.0|$0.2|$719.2|$759.2|$19.4|$778.6|\n|Deferred income tax provision|-84.2|-6.3|-90.5|-126.2|–|-126.2|\n|Changes in operating assets and liabilities, net of effect of acquisitions:|||||||\n|Income taxes payable|-51.9|1.5|-50.4|96.8|7.6|104.4|\n|Inventories|-154.1|-10.5|-164.6|-128.4|-19.7|-148.1|\n|Accounts payable and accrued expenses|120.1|-11.7|108.4|38.3|-4.7|33.6|\n|Other assets and liabilities|87.6|26.8|114.4|-47.1|-2.6|-49.7|\n", "We have not presented revisions to our consolidated statements of stockholders’ equity.", "The only revisions to these statements are related to retained earnings caused by revisions to net earnings and accumulated other comprehensive income caused by revisions to other comprehensive income (loss).", "These revisions have already been presented in the tables for the consolidated statements of earnings and comprehensive income and the consolidated balance sheets.", "In the fourth quarter of 2015 we discovered an error that was immaterial to previous quarters’ condensed consolidated statements of cash flows.", "As further discussed in Note 4, we recognized $90.4 million of compensation expense related to previously unvested LVB stock options and LVB stock-based awards that vested immediately prior to the merger under the terms of the merger agreement.", "$52.8 million of the $90.4 million represented cash payments to holders of these options and stock-based awards.", "In the six month period ended June 30, 2015 and nine month period ended September 30, 2015, we presented the $52.8 million as a cash outflow from investing activities.", "However, since the payment represented compensation expense, the $52.8 million should have been presented as an operating cash outflow.", "We have corrected this error in the consolidated statement of cash flows for the year ended December 31, 2015.", "We will also revise future interim filings to correct for this error.3.", "Significant Accounting Policies Basis of Presentation – The consolidated financial statements include the accounts of Zimmer Biomet Holdings and its subsidiaries in which it holds a controlling financial interest.", "All significant intercompany accounts and transactions are eliminated.", "Certain amounts in the 2014 and 2013 consolidated financial statements have been reclassified to conform to the 2015 presentation.", "Use of Estimates – The consolidated financial statements are prepared in conformity with accounting principles generally accepted in the U. S.  which require us to make"], "table_evidence": [34], "paragraph_evidence": [-1], "source": "multihiertt", "original_question_id": "2c801a8d730d4dafab1b4fdda96edb46"}
{"question": "What is the average amount of Employee separations of Other, and Operating activities of Year Ended December 31, 2007 ?", "python_solution": "def solution():\n    # Define variables name and value\n    employee_separations_other = 1743.0\n    operating_activities_2007 = 692679.0\n    const_2 = 2\n\n    # Do math calculation to get the answer\n    answer = (employee_separations_other + operating_activities_2007) / const_2\n\n    return answer", "ground_truth": 347211.0, "question_id": "simplong-testmini-84", "paragraphs": ["AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) 3.00% Convertible Notes—During the years ended December 31, 2008 and 2007, the Company issued an aggregate of approximately 8.9 million and 973 shares of Common Stock, respectively, upon conversion of $182.8 million and $0.02 million principal amount, respectively, of 3.00% Notes.", "Pursuant to the terms of the indenture, holders of the 3.00% Notes are entitled to receive 48.7805 shares of Common Stock for every $1,000 principal amount of notes converted.", "In connection with the conversions in 2008, the Company paid such holders an aggregate of approximately $4.7 million, calculated based on the discounted value of the future interest payments on the notes, which is reflected in loss on retirement of long-term obligations in the accompanying consolidated statement of operations for the year ended December 31, 2008.14.", "IMPAIRMENTS, NET LOSS ON SALE OF LONG-LIVED ASSETS, RESTRUCTURING AND MERGER RELATED EXPENSE The significant components reflected in impairments, net loss on sale of long-lived assets, restructuring and merger related expense in the accompanying consolidated statements of operations include the following: Impairments and Net Loss on Sale of Long-Lived Assets—During the years ended December 31, 2008, 2007 and 2006, the Company recorded impairments and net loss on sale of long-lived assets (primarily related to its rental and management segment) of $11.2 million, $9.2 million and $2.6 million, respectively.", "During the years ended December 31, 2008, 2007 and 2006 respectively, the Company recorded net losses associated with the sales of certain non-core towers and other assets, as well as impairment charges to write-down certain assets to net realizable value after an indicator of impairment had been identified.", "As a result, the Company recorded net losses and impairments of approximately $10.5 million, $7.1 million and $2.0 million for the years ended December 31, 2008, 2007 and 2006, respectively.", "The net loss for the year ended December 31, 2008 is comprised of net losses from asset sales and other impairments of $10.7 million, offset by gains from asset sales of $0.2 million.", "The net loss for the year ended December 31, 2007 is comprised of net losses from asset sales and other impairments of $7.8 million, offset by gains from asset sales of $0.7 million.", "Merger Related Expense—During the year ended December 31, 2005, the Company assumed certain obligations, as a result of the merger with SpectraSite, Inc. , primarily related to employee separation costs of former SpectraSite employees.", "Severance payments made to former SpectraSite, Inc.  employees were subject to plans and agreements established by SpectraSite, Inc.  and assumed by the Company in connection with the merger.", "These costs were recognized as an assumed liability in the purchase price allocation.", "In addition, the Company also incurred certain merger related costs for additional employee retention and separation costs incurred during the year ended December 31, 2006.", "The following table displays the activity with respect to this accrued liability for the years ended December 31, 2008, 2007 and 2006 (in thousands):", "||Liability  as of December 31, 2005|2006 Expense|2006 Cash Payments|Other|Liability  as of December 31, 2006|2007 Expense|2007 Cash Payments|Other|Liability  as of December 31, 2007|2008 Expense|2008 Cash Payments|Other|Liability  as of December 31, 2008|\n|Employee separations|$20,963|$496|$-12,389|$-1,743|$7,327|$633|$-6,110|$-304|$1,546|$284|$-1,901|$71|—|\n", "As of December 31, 2008, the Company had paid all of these merger related liabilities.", "The loss from discontinued operations for the year ended December 31, 2007 is primarily due to the settlement of the Verestar bankruptcy proceedings and related litigation and the related tax effects.", "In November 2007, following approval by the bankruptcy court, the Verestar settlement agreement became effective, we paid the $32.0 million settlement amount and the litigation was dismissed.", "In connection with the approval of the settlement agreement by the bankruptcy court and the dismissal of the bankruptcy proceedings and related litigation, we determined that the benefits from certain of Verestar’s net operating losses would more likely than not be recoverable by us.", "We had not previously recorded these tax benefits related to net operating losses generated from the operations of Verestar and used by us because our ability to realize such benefits was potentially impacted by the bankruptcy proceedings and related litigation that had yet to be resolved.", "Accordingly, in November 2007, we recorded $5.6 million of additional tax benefits related to Verestar.", "We also recorded a tax provision of $10.7 million in loss from discontinued operations, net during the three months ended December 31, 2007 to write off deferred tax assets associated with Verestar that should have been written off in 2002 and removed from the consolidated balance sheet when Verestar was deconsolidated upon its bankruptcy filing in December 2003.", "Liquidity and Capital Resources Overview As a holding company, our cash flows are derived primarily from the operations of and distributions from our operating subsidiaries or funds raised through borrowings under our credit facilities and debt and equity offerings.", "As of December 31, 2008, we had approximately $638.2 million of total liquidity, comprised of approximately $143.1 million in cash and cash equivalents and the ability to borrow approximately $495.1 million under our Revolving Credit Facility.", "As of December 31, 2008, our cash and cash equivalents increased by $110.0 million as compared to December 31, 2007.", "Summary cash flow information for the years ended December 31, 2008, 2007 and 2006 is set forth below.", "||Year Ended December 31,|\n|2008|2007|2006|\n|Net cash provided by (used for):||||\n|Operating activities|$773,258|$692,679|$620,738|\n|Investing activities|-274,940|-186,180|-129,112|\n|Financing activities|-388,172|-754,640|-323,063|\n|Net effect of changes in exchange rates on cash and cash equivalents|-192|—|—|\n|Increase (decrease) in cash and cash equivalents|$109,954|$-248,141|$168,563|\n", "We use our cash flows to fund our operations and investments in our business, including tower maintenance and improvements, tower construction and DAS network installations, and tower and land acquisitions.", "During the years ended December 31, 2008 and 2007, we also used a significant amount of our cash flows to fund refinancing and repurchases of our outstanding indebtedness, as well as our stock repurchase programs.", "By refinancing and repurchasing a portion of our outstanding indebtedness, we improved our financial position, which increased our financial flexibility and our ability to return value to our stockholders.", "Our significant transactions in 2008 included the following: ?", "We entered into a new $325.0 million Term Loan pursuant to our Revolving Credit Facility and used the net proceeds, together with available cash, to repay $325.0 million of existing indebtedness under the Revolving Credit Facility.  ?", "We reduced the amount of indebtedness outstanding under our convertible notes through conversions of approximately $201.1 million face amount of convertible notes into shares of our Common Stock.", "ITEM 6.", "SELECTED FINANCIAL DATA You should read the selected financial data in conjunction with our “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and our audited consolidated financial statements and the related notes to those consolidated financial statements included in this Annual Report.", "In accordance with accounting principles generally accepted in the United States (“GAAP”), the consolidated statements of operations for all periods presented in this “Selected Financial Data” have been adjusted to reflect certain businesses as discontinued operations (see note 1 to our consolidated financial statements included in this Annual Report).", "Year-over-year comparisons are significantly affected by our acquisitions, dispositions and, to a lesser extent, construction of towers.", "||Year Ended December 31,|\n||2010|2009|2008|2007|2006|\n||(In thousands, except per share data)|\n| Statements of Operations Data:||||||\n|Revenues:||||||\n|Rental and management|$1,936,373|$1,668,420|$1,547,035|$1,425,975|$1,294,068|\n|Network development services|48,962|55,694|46,469|30,619|23,317|\n|Total operating revenues|1,985,335|1,724,114|1,593,504|1,456,594|1,317,385|\n|Operating expenses:||||||\n|Cost of operations (exclusive of items shown separately below)||||||\n|Rental and management|447,629|383,990|363,024|343,450|332,246|\n|Network development services|26,957|32,385|26,831|16,172|11,291|\n|Depreciation, amortization and accretion-1|460,726|414,619|405,332|522,928|528,051|\n|Selling, general, administrative and development expense|229,769|201,694|180,374|186,483|159,324|\n|Other operating expenses|35,876|19,168|11,189|9,198|2,572|\n|Total operating expenses|1,200,957|1,051,856|986,750|1,078,231|1,033,484|\n|Operating income|784,378|672,258|606,754|378,363|283,901|\n|Interest income, TV Azteca, net|14,212|14,210|14,253|14,207|14,208|\n|Interest income|5,024|1,722|3,413|10,848|9,002|\n|Interest expense|-246,018|-249,803|-253,584|-235,824|-215,643|\n|Loss on retirement of long-term obligations|-1,886|-18,194|-4,904|-35,429|-27,223|\n|Other income|315|1,294|5,988|20,675|6,619|\n|Income before income taxes and income on equity method investments|556,025|421,487|371,920|152,840|70,864|\n|Income tax provision|-182,489|-182,565|-135,509|-59,809|-41,768|\n|Income on equity method investments|40|26|22|19|26|\n|Income from continuing operations|373,576|238,948|236,433|93,050|29,122|\n|Income (loss) from discontinued operations|30|8,179|110,982|-36,396|-854|\n|Net income|373,606|247,127|347,415|56,654|28,268|\n|Net income attributable to noncontrolling interest|-670|-532|-169|-338|-784|\n|Net income attributable to American Tower Corporation|$372,936|$246,595|$347,246|$56,316|$27,484|\n|Basic income per common share from continuing operations attributable to American Tower Corporation-2|$0.93|$0.60|$0.60|$0.22|$0.06|\n|Diluted income per common share from continuing operations attributable to American Tower Corporation-2|$0.92|$0.59|$0.58|$0.22|$0.06|\n|Weight average common shares outstanding-2||||||\n|Basic|401,152|398,375|395,947|413,167|424,525|\n|Diluted|404,072|406,948|418,357|426,079|436,217|\n| Other Operating Data:||||||\n|Ratio of earnings to fixed charges-3|2.65x|2.27x|2.12x|1.50x|1.25x|\n"], "table_evidence": [25, 13], "paragraph_evidence": [-1], "source": "multihiertt", "original_question_id": "7a86723a576d4aabb5beaf8236f32cc8"}
{"question": "What was the average of the Operating Expenses in the years where Revenue is positive? (in million)", "python_solution": "def solution():\n    # Define variables name and value\n    operating_expenses_2014 = 53264\n    operating_expenses_2013 = 48404\n    operating_expenses_2012 = 52784\n    const_3 = 3\n    \n    # Do math calculation to get the answer\n    answer = (operating_expenses_2014 + operating_expenses_2013 + operating_expenses_2012) / const_3\n    \n    return answer", "ground_truth": 51484.0, "question_id": "simplong-testmini-85", "paragraphs": ["Item 7.", "Management’s Discussion and Analysis of Financial Condition and Results of Operations Overview U. S.  economic growth, retail sales and industrial production continued at a moderate pace in 2014, which resulted in growth in the small package delivery market.", "Continued strong growth in e-commerce and omni-channel retail sales has driven package volume increases in both commercial and residential products.", "Given these trends, overall volume growth was strong during the year, and products most aligned with business-to-consumer and retail industry shipments experienced the fastest growth.", "Economic conditions in Europe have deteriorated somewhat, as solid growth in the United Kingdom is being offset by slower growth in Germany and general economic weakness in France and Italy.", "Economic growth in Asia has continued, though growth in China has moderated.", "The uneven nature of economic growth worldwide, combined with a trend towards more intra-regional trade, has led to shifting trade patterns and resulted in overcapacity in certain trade lanes.", "These factors have created an environment in which customers are more likely to trade-down from premium express products to standard delivery products in both Europe and Asia.", "As a result of these circumstances, we have adjusted our air capacity and cost structure in our transportation network to better match the prevailing volume mix levels.", "Our broad portfolio of product offerings and the flexibilities inherent in our transportation network have helped us adapt to these changing trends.", "While the worldwide economic environment has remained challenging in 2014, we have continued to undertake several initiatives in the U. S.  and internationally to (1) improve the flexibility and capacity in our delivery network; (2) improve yield management; and (3) increase operational efficiency and contain costs across all segments.", "Most notably, the continued deployment of technology improvements (including several facility automation projects and the accelerated deployment of our On Road Integrated Optimization and Navigation system - \"ORION\") should increase our network capacity, and improve operational efficiency, flexibility and reliability.", "Additionally, we have continued to adjust our transportation network and utilize new or expanded operating facilities to improve time-in-transit for shipments in each region.", "Our consolidated results are presented in the table below:", "||Year Ended December 31,|% Change|\n||2014|2013|2012|2014 / 2013|2013 / 2012|\n|Revenue (in millions)|$58,232|$55,438|$54,127|5.0%|2.4%|\n|Operating Expenses (in millions)|53,264|48,404|52,784|10.0%|-8.3%|\n|Operating Profit (in millions)|$4,968|$7,034|$1,343|-29.4%|N/A|\n|Operating Margin|8.5%|12.7%|2.5%|||\n|Average Daily Package Volume (in thousands)|18,016|16,938|16,295|6.4%|3.9%|\n|Average Revenue Per Piece|$10.58|$10.76|$10.82|-1.7%|-0.6%|\n|Net Income (in millions)|$3,032|$4,372|$807|-30.6%|N/A|\n|Basic Earnings Per Share|$3.31|$4.65|$0.84|-28.8%|N/A|\n|Diluted Earnings Per Share|$3.28|$4.61|$0.83|-28.9%|N/A|\n", "UNITED PARCEL SERVICE, INC.  AND SUBSIDIARIES MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 30 Revenue The change in overall revenue was impacted by the following factors for the years ended December 31, 2014 and 2013, compared with the corresponding prior year periods:", "||Volume|Rates /Product Mix|FuelSurcharge|TotalRevenueChange|\n|Revenue Change Drivers:|||||\n|2014 / 2013|6.8%|-1.6%|—%|5.2%|\n|2013 / 2012|3.7%|0.5%|-0.5%|3.7%|\n", "Volume 2014 compared to 2013 Our total volume increased in 2014, largely due to continued solid growth in e-commerce and overall retail sales.", "Business-to-consumer shipments, which represent more than 45% of total U. S.  Domestic Package volume, grew 12% for the year and drove increases in both air and ground shipments.", "UPS SurePost volume increased more than 45% in 2014, and accounted for approximately half of the overall volume growth for the segment.", "Business-to-business volume grew 3% in 2014, largely due to increased volume from the retail industry, including the use of our solutions for omni-channel (including ship-from-store and ship-to-store models) and returns shipping; additionally, business-to-business volume was positively impacted by growth in shipments from the industrial, automotive and government sectors.", "Among our air products, volume increased in 2014 for both our Next Day Air and deferred services.", "Solid air volume growth continued for those products most aligned with business-to-consumer shipping, particularly our residential Second Day Air package product.", "Our business-to-business air volume increased slightly as well, largely due to growth in the retail and industrial sectors.", "This growth was slightly offset by a decline in air letter volume, which was negatively impacted by some competitive losses and slowing growth in the financial services industry.", "The growth in premium and deferred air volume continues to be impacted by economic conditions and changes in our customers' supply chain networks; the combination of these factors influences their sensitivity towards the price and speed of shipments, and therefore favoring the use of our deferred air services.", "The increase in ground volume in 2014 was driven by our SurePost service offering, which had a volume increase of more than 45% for the year; additionally, we experienced moderate volume growth in our traditional residential and commercial ground services.", "Demand for SurePost and our traditional residential products continues to be driven by business\u0002to-consumer shipping activity from e-commerce retailers and other large customers.", "The growth in business-to-business ground volume was largely due to growth in omni-channel retail volume, the increased use of our returns service offerings, and the growth in shipments from the industrial sector.2013 compared to 2012 Our overall volume increased in 2013 compared with 2012, largely due to continued solid growth in e-commerce and overall retail sales; however, the increase in volume was hindered by slow overall U. S.  economic and industrial production growth.", "Business-to-consumer shipments, which represent over 40% of total U. S.  Domestic Package volume, grew approximately 8% for the year and drove increases in both air and ground shipments.", "Growth accelerated during our peak holiday shipping season, as business-to-consumer volume grew over 11% in the fourth quarter of 2013, and business-to\u0002consumer shipments exceeded 50% of total U. S.  Domestic Package volume for the first time.", "Business-to-business volume increased slightly in 2013, largely due to increased shipping activity by the retail industry; however, business-to-business volume was negatively impacted by slowing industrial production.", "UNITED PARCEL SERVICE, INC.  AND SUBSIDIARIES MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 49 Issuances of debt in 2014 and 2013 consisted primarily of longer-maturity commercial paper.", "Issuances of debt in 2012 consisted primarily of senior fixed rate note offerings totaling $1.75 billion.", "Repayments of debt in 2014 and 2013 consisted primarily of the maturity of our $1.0 and $1.75 billion senior fixed rate notes that matured in April 2014 and January 2013, respectively.", "The remaining repayments of debt during the 2012 through 2014 time period included paydowns of commercial paper and scheduled principal payments on our capitalized lease obligations.", "We consider the overall fixed and floating interest rate mix of our portfolio and the related overall cost of borrowing when planning for future issuances and non-scheduled repayments of debt.", "We had $772 million of commercial paper outstanding at December 31, 2014, and no commercial paper outstanding at December 31, 2013 and 2012.", "The amount of commercial paper outstanding fluctuates throughout each year based on daily liquidity needs.", "The average commercial paper balance was $1.356 billion and the average interest rate paid was 0.10% in 2014 ($1.013 billion and 0.07% in 2013, and $962 million and 0.07% in 2012, respectively).", "The variation in cash received from common stock issuances to employees was primarily due to level of stock option exercises in the 2012 through 2014 period.", "The cash outflows in other financing activities were impacted by several factors.", "Cash inflows (outflows) from the premium payments and settlements of capped call options for the purchase of UPS class B shares were $(47), $(93) and $206 million for 2014, 2013 and 2012, respectively.", "Cash outflows related to the repurchase of shares to satisfy tax withholding obligations on vested employee stock awards were $224, $253 and $234 million for 2014, 2013 and 2012, respectively.", "In 2013, we paid $70 million to purchase the noncontrolling interest in a joint venture that operates in the Middle East, Turkey and portions of the Central Asia region.", "In 2012, we settled several interest rate derivatives that were designated as hedges of the senior fixed-rate debt offerings that year, which resulted in a cash outflow of $70 million.", "Sources of Credit See note 7 to the audited consolidated financial statements for a discussion of our available credit and debt covenants.", "Guarantees and Other Off-Balance Sheet Arrangements We do not have guarantees or other off-balance sheet financing arrangements, including variable interest entities, which we believe could have a material impact on financial condition or liquidity.", "Contractual Commitments We have contractual obligations and commitments in the form of capital leases, operating leases, debt obligations, purchase commitments, and certain other liabilities.", "We intend to satisfy these obligations through the use of cash flow from operations.", "The following table summarizes the expected cash outflow to satisfy our contractual obligations and commitments as of December 31, 2014 (in millions):", "|Commitment Type|2015|2016|2017|2018|2019|After 2019|Total|\n|Capital Leases|$75|$74|$67|$62|$59|$435|$772|\n|Operating Leases|323|257|210|150|90|274|1,304|\n|Debt Principal|876|8|377|752|1,000|7,068|10,081|\n|Debt Interest|295|293|293|282|260|4,259|5,682|\n|Purchase Commitments|269|195|71|19|8|26|588|\n|Pension Fundings|1,030|1,161|344|347|400|488|3,770|\n|Other Liabilities|43|23|10|5|—|—|81|\n|Total|$2,911|$2,011|$1,372|$1,617|$1,817|$12,550|$22,278|\n"], "table_evidence": [14], "paragraph_evidence": [13, 15], "source": "multihiertt", "original_question_id": "7a83b5d5590148729af09cb52c7acbaf"}
{"question": "what is percentage change in rd&e spendings from 2013 to 2014?", "python_solution": "def solution():\n    # Define variables name and value\n    year_2013_spending = 1.3\n    year_2012_spending = 1.2\n    \n    # Do math calculation to get the answer\n    difference = year_2013_spending - year_2012_spending\n    answer = (difference / year_2012_spending) * 100\n    \n    return answer", "ground_truth": 8.333333333333341, "question_id": "simplong-testmini-86", "paragraphs": ["Backlog Applied manufactures systems to meet demand represented by order backlog and customer commitments.", "Backlog consists of: (1) orders for which written authorizations have been accepted and assigned shipment dates are within the next 12 months, or shipment has occurred but revenue has not been recognized; and (2) contractual service revenue and maintenance fees to be earned within the next 12 months.", "Backlog by reportable segment as of October 27, 2013 and October 28, 2012 was as follows:", "||2013|2012||(In millions, except percentages)|\n|Silicon Systems Group|$1,295|55%|$705|44%|\n|Applied Global Services|591|25%|580|36%|\n|Display|361|15%|206|13%|\n|Energy and Environmental Solutions|125|5%|115|7%|\n|Total|$2,372|100%|$1,606|100%|\n", "Applied’s backlog on any particular date is not necessarily indicative of actual sales for any future periods, due to the potential for customer changes in delivery schedules or cancellation of orders.", "Customers may delay delivery of products or cancel orders prior to shipment, subject to possible cancellation penalties.", "Delays in delivery schedules and/or a reduction of backlog during any particular period could have a material adverse effect on Applied’s business and results of operations.", "Manufacturing, Raw Materials and Supplies Applied’s manufacturing activities consist primarily of assembly, test and integration of various proprietary and commercial parts, components and subassemblies (collectively, parts) that are used to manufacture systems.", "Applied has implemented a distributed manufacturing model under which manufacturing and supply chain activities are conducted in various countries, including the United States, Europe, Israel, Singapore, Taiwan, and other countries in Asia, and assembly of some systems is completed at customer sites.", "Applied uses numerous vendors, including contract manufacturers, to supply parts and assembly services for the manufacture and support of its products.", "Although Applied makes reasonable efforts to assure that parts are available from multiple qualified suppliers, this is not always possible.", "Accordingly, some key parts may be obtained from only a single supplier or a limited group of suppliers.", "Applied seeks to reduce costs and to lower the risks of manufacturing and service interruptions by: (1) selecting and qualifying alternate suppliers for key parts; (2) monitoring the financial condition of key suppliers; (3) maintaining appropriate inventories of key parts; (4) qualifying new parts on a timely basis; and (5) locating certain manufacturing operations in close proximity to suppliers and customers.", "Research, Development and Engineering Applied’s long-term growth strategy requires continued development of new products.", "The Company’s significant investment in research, development and engineering (RD&E) has generally enabled it to deliver new products and technologies before the emergence of strong demand, thus allowing customers to incorporate these products into their manufacturing plans at an early stage in the technology selection cycle.", "Applied works closely with its global customers to design systems and processes that meet their planned technical and production requirements.", "Product development and engineering organizations are located primarily in the United States, as well as in Europe, Israel, Taiwan, and China.", "In addition, Applied outsources certain RD&E activities, some of which are performed outside the United States, primarily in India.", "Process support and customer demonstration laboratories are located in the United States, China, Taiwan, Europe, and Israel.", "Applied’s investments in RD&E for product development and engineering programs to create or improve products and technologies over the last three years were as follows: $1.3 billion (18 percent of net sales) in fiscal 2013, $1.2 billion (14 percent of net sales) in fiscal 2012, and $1.1 billion (11 percent of net sales) in fiscal 2011.", "Applied has spent an average of 14 percent of net sales in RD&E over the last five years.", "In addition to RD&E for specific product technologies, Applied maintains ongoing programs for automation control systems, materials research, and environmental control that are applicable to its products.", "Item 2: Properties Information concerning Applied’s principal properties at October 27, 2013 is set forth below:", "|Location|Type|Principal Use|SquareFootage|Ownership|\n|Santa Clara, CA|Office, Plant & Warehouse|Headquarters; Marketing; Manufacturing; Distribution; Research, Development,Engineering; Customer Support|1,476,000150,000|OwnedLeased|\n|Austin, TX|Office, Plant & Warehouse|Manufacturing|1,719,000145,000|OwnedLeased|\n|Rehovot, Israel|Office, Plant & Warehouse|Manufacturing; Research,Development, Engineering;Customer Support|417,0005,000|OwnedLeased|\n|Singapore|Office, Plant & Warehouse|Manufacturing andCustomer Support|392,00010,000|OwnedLeased|\n|Gloucester, MA|Office, Plant & Warehouse|Manufacturing; Research,Development, Engineering;Customer Support|315,000131,000|OwnedLeased|\n|Tainan, Taiwan|Office, Plant & Warehouse|Manufacturing andCustomer Support|320,000|Owned|\n", "Because of the interrelation of Applied’s operations, properties within a country may be shared by the segments operating within that country.", "Products in the Silicon Systems Group are manufactured in Austin, Texas; Singapore; Gloucester, Massachusetts; and Rehovot, Israel.", "Remanufactured equipment products in the Applied Global Services segment are produced primarily in Austin, Texas.", "Products in the Display segment are manufactured in Tainan, Taiwan; Santa Clara, California; and Alzenau, Germany.", "Products in the Energy and Environmental Solutions segment are primarily manufactured in Alzenau, Germany; Treviso, Italy; and Cheseaux, Switzerland.", "In addition to the above properties, Applied also owns and leases offices, plants and/or warehouse locations in 78 locations throughout the world: 18 in Europe, 21 in Japan, 15 in North America (principally the United States), 8 in China, 7 in Korea, 6 in Southeast Asia, and 3 in Taiwan.", "These facilities are principally used for manufacturing; research, development and engineering; and marketing, sales and/or customer support.", "Applied also owns a total of approximately 139 acres of buildable land in Texas, California, Israel and Italy that could accommodate additional building space.", "Applied considers the properties that it owns or leases as adequate to meet its current and future requirements.", "Applied regularly assesses the size, capability and location of its global infrastructure and periodically makes adjustments based on these assessments.", "Fiscal 2013 operating results reflected a recovery in demand for TV manufacturing equipment and continued demand for advanced mobile display equipment, which resulted in increased new orders, net sales, operating income and non-GAAPadjusted operating income compared to fiscal 2012.", "In the fourth quarter of fiscal 2013, new orders were $114 million, down 55 percent from the prior quarter, and reflected customer push-outs of orders.", "Net sales in the fourth quarter of fiscal 2013 were $163 million, almost flat compared to the prior quarter.", "Two customers accounted for approximately 50 percent of net sales for the Display segment in fiscal 2013.", "Fiscal 2012 operating results reflected a continued overcapacity in the large substrate LCD TV equipment industry that resulted in decreased new orders and net sales in fiscal 2012.", "The downturn in the LCD TV equipment industry was partially offset by increased demand for advanced mobile display equipment.", "Four customers accounted for 60 percent of net sales for the Display segment in fiscal 2012.", "Energy and Environmental Solutions Segment The Energy and Environmental Solutions segment includes products for fabricating c-Si solar PVs, as well as high throughput roll-to-roll deposition equipment for flexible electronics, packaging and other applications.", "This business is focused on delivering solutions to generate and conserve energy, with an emphasis on lowering the cost to produce solar power and increasing conversion efficiency.", "While end-demand for solar PVs has been robust over the last several years, investment levels in capital equipment remain depressed.", "Global solar PV production capacity exceeds anticipated demand, which has caused solar PV manufacturers to significantly reduce or delay investments in manufacturing capacity and new technology, or in some instances to cease operations.", "Certain significant measures for the past three fiscal years were as follows:", "|||||Change|\n|2013|2012|2011|2013 over 2012|2012 over 2011|\n||(In millions, except percentages and ratios)|\n|New orders|$166|$195|$1,684|$-29|-15%|$-1,489|-88%|\n|Net sales|173|425|1,990|-252|-59%|-1,565|-79%|\n|Book to bill ratio|1.0|0.5|0.8|||||\n|Operating income (loss)|-433|-668|453|235|35%|-1,121|-247%|\n|Operating margin|-250.3%|-157.2%|22.8%||-93.1 points||-180.0 points|\n|Non-GAAP Adjusted Results||||||||\n|Non-GAAP adjusted operating income (loss)|-115|-184|444|69|38%|-628|-141%|\n|Non-GAAP adjusted operating margin|-66.5%|-43.3%|22.3%||-23.2 points||-65.6 points|\n", "Reconciliations of non-GAAP adjusted measures are presented under \"Non-GAAP Adjusted Results\" below.", "Net Operating Revenues by Operating Segment Information about our net operating revenues by operating segment as a percentage of Company net operating revenues is as follows:"], "table_evidence": [-1], "paragraph_evidence": [19], "source": "multihiertt", "original_question_id": "2ebac34fbb6b42ff8efd8814467cd17d"}
{"question": "What's the current increasing rate of U.S. high-grade?", "python_solution": "def solution():\n    # Define variables name and value\n    us_high_grade_2004 = 45465\n    us_high_grade_2003 = 40310\n\n    # Do math calculation to get the answer\n    increase_amount = us_high_grade_2004 - us_high_grade_2003\n    increasing_rate = (increase_amount / us_high_grade_2004) * 100\n\n    return increasing_rate\n\nsolution()", "ground_truth": 11.338392169800946, "question_id": "simplong-testmini-87", "paragraphs": ["Table of Contents Broker-dealer clients pay a commission for transactions in sovereign and corporate bonds issued by entities domiciled in an emerging markets country based on the type and amount of the security traded.", "The commission is calculated on a standard schedule that applies to all broker-dealer clients and varies depending on whether the transaction is in an actively traded sovereign issue, a less actively traded sovereign issue or a corporate issue.", "A lower commission rate is charged for actively traded sovereign issues, while a higher commission rate is charged for corporate issues.", "The average commission on emerging markets transactions for the year ended December 31, 2004 was $205 per million traded.", "For newly-issued U. S.  high-grade corporate bonds and for newly-issued sovereign and corporate bonds issued by entities domiciled in an emerging markets country, we enable U. S.  institutional investors to submit indications of interest on our electronic trading platform directly to the underwriter syndicate desks of our broker-dealer clients.", "Broker-dealer clients pay a commission for new issue transactions that is based on the allocation amount.", "The commission is set as a percentage of the new issue selling costs paid by the issuer to our broker-dealer client.", "The percentage of the new issue selling costs is lower on orders over $5 million.", "The fee is capped on larger transactions.", "There are currently no fixed monthly fees or caps on the level of monthly commissions.", "The average commission on new issue transactions for the year ended December 31, 2004 was $297 per million traded U. S.  Treasury Securities In September 2004, we started trading U. S.  Treasury securities on our trading platform.", "In 2004, the total revenues we derived from the trading of U. S.  Treasury securities on our platform was not material.", "The commission is calculated as a flat fee per million of notional amount traded and applies to all broker-dealer clients.", "Please see “— Risk Factors That May Affect Future Results — If we are unable to enter into additional marketing and strategic alliances or if our current strategic alliances are not successful, we may not maintain the current level of trading or generate increased trading on our trading platform.", "Information and User Access Fees", "|| Year Ended December 31,|\n|| 2004| 2003| 2002|\n||| % of|| % of|| % of|\n||| Total|| Total|| Total|\n|| $| Revenues| $| Revenues| $| Revenues|\n|| ($ in thousands)|\n|Information services fees|$2,280|3.0%|$826|1.5%|$15|0.0%|\n|User access fees|433|0.6|318|0.5|272|1.5|\n||$2,713|3.6%|$1,144|2.0%|$287|1.5%|\n", "Information and user access fees consist of information services fees and monthly user fees.", "We charge information services fees for Corporate BondTicker to our broker-dealer clients, institutional investor clients and data only subscribers.", "The information services fee is a flat monthly fee, based on the level of service.", "We also generate information services fees from the sale of bulk data to certain institutional investor clients and data only subscribers.", "Institutional investor clients trading U. S.  high-grade corporate bonds are charged a monthly user access fee for the use of our platform.", "The fee, billed quarterly, is charged to the client based on the number of the client’s users.", "To encourage institutional investor clients to execute trades on our U. S.  high-grade corporate bond platform, we reduce these information and user access fees for such clients once minimum quarterly trading volumes are attained.", "Revenues Our revenues for the years ended December 31, 2004 and 2003, and the resulting dollar and percentage change, are as follows:", "||Year Ended December 31,|||\n||2004|2003|||\n|| $|% of Revenues| $|% of Revenues|$ Change|% Change|\n||($ in thousands)|\n| Revenues|||||||\n|Commissions|||||||\n|U.S. high-grade|$45,465|60.0%|$40,310|69.0%|$5,155|12.8%|\n|European high-grade|15,142|20.0|7,126|12.2|8,016|112.5|\n|Other|7,565|10.0|5,364|9.1|2,201|41.0|\n|Total commissions|68,172|90.0|52,800|90.3|15,372|29.1|\n|Information and user access fees|2,713|3.6|1,144|2.0|1,569|137.2|\n|License fees|3,143|4.1|4,145|7.1|-1,002|-24.2|\n|Interest income|882|1.2|371|0.6|511|137.7|\n|Other|887|1.1|—|0|887|—|\n|Total revenues|$75,797|100%|$58,460|100%|$17,337|29.7%|\n", "Commissions.", "Total commissions increased by $15.4 million or 29.1% to $68.2 million for the year ended December 31, 2004 from $52.8 million for the comparable period in 2003.", "This increase was primarily due to increases in the amount of U. S.  high-grade commissions and substantial increases in European high-grade commissions.", "U. S.  high-grade commissions increased by $5.2 million or 12.8% to $45.5 million for the year ended December 31, 2004 from $40.3 million for the comparable period in 2003.", "European high-grade commissions increased by $8.0 million or 112.5% to $15.1 million from $7.1 million for the comparable period in 2003.", "Other commissions increased by $2.2 million or 41.0% to $7.6 million from $5.4 million for the comparable period in 2003.", "These increases were primarily due to an increase in transaction volume from $192.2 billion for the year ended December 31, 2003 to $298.1 billion for the year ended December 31, 2004 generated by new and existing clients, offset by a 16.7% reduction in the average commission per million from $275 per million for the year ended December 31, 2003 to $229 per million for the year ended December 31, 2004.", "This decrease in average commission per million was attributable to the full-year effect of our U. S.  high-grade fee plans, increasing volumes of transactions with lower fees per million and an increase in the percentage of trades executed on the platform with shorter maturities, which generally generate lower commissions per million, Information and User Access Fees.", "Information and user access fees increased by $1.6 million or 137.2% to $2.7 million for the year ended December 31, 2004 from $1.1 million for the year ended December 31, 2003.", "This increase was primarily due to an increase in the number of subscribers to our Corporate BondTicker service.", "License Fees.", "License fees decreased by $1.0 million or 24.2% to $3.1 million for the year ended December 31, 2004 from $4.1 million for the year ended December 31, 2003.", "This decrease was due to the addition of four new broker-dealer clients in the year ended December 31, 2004 compared to five new broker-dealer clients added in the year ended December 31, 2003.", "Interest Income.", "Interest income increased by $0.5 million or 137.7% to $0.9 million for the year ended December 31, 2004 from $0.4 million for the comparable period in 2003.", "This increase was due to a rise in interest rates and higher cash, cash equivalents and short-term investment balances during the year ended December 31, 2004 as compared to the comparable period in 2003.", "Other.", "Other revenues increased to $0.9 million for the year ended December 31, 2004 from $0.0 million for the comparable period in 2003.", "This increase was primarily due to the effects of a change in accounting policy with respect to recognizing as revenue gross telecommunication line fees paid by broker-", "PART II Item 5.", "Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities Price Range Our common stock commenced trading on the NASDAQ National Market under the symbol “MKTX” on November 5, 2004.", "Prior to that date, there was no public market for our common stock.", "The high and low bid information for our common stock, as reported by NASDAQ, was as follows:", "||High|Low|\n|November 5, 2004 to December 31, 2004|$24.41|$12.75|\n|January 1, 2005 to March 31, 2005|$15.95|$9.64|\n|April 1, 2005 to June 30, 2005|$13.87|$9.83|\n|July 1, 2005 to September 30, 2005|$14.09|$9.99|\n|October 1, 2005 to December 31, 2005|$13.14|$10.64|\n", "On March 8, 2006, the last reported closing price of our common stock on the NASDAQ National Market was $12.59.", "Holders There were approximately 114 holders of record of our common stock as of March 8, 2006.  Dividend Policy We have not declared or paid any cash dividends on our capital stock since our inception.", "We intend to retain future earnings to finance the operation and expansion of our business and do not anticipate paying any cash dividends in the foreseeable future.", "In the event we decide to declare dividends on our common stock in the future, such declaration will be subject to the discretion of our Board of Directors.", "Our Board may take into account such matters as general business conditions, our financial results, capital requirements, contractual, legal, and regulatory restrictions on the payment of dividends by us to our stockholders or by our subsidiaries to us and any such other factors as our Board may deem relevant.", "Use of Proceeds On November 4, 2004, the registration statement relating to our initial public offering (No.333-112718) was declared effective.", "We received net proceeds from the sale of the shares of our common stock in the offering of $53.9 million, at an initial public offering price of $11.00 per share, after deducting underwriting discounts and commissions and estimated offering expenses.", "Except for salaries, and reimbursements for travel expenses and other out-of -pocket costs incurred in the ordinary course of business, none of the proceeds from the offering have been paid by us, directly or indirectly, to any of our directors or officers or any of their associates, or to any persons owning ten percent or more of our outstanding stock or to any of our affiliates.", "We have invested the proceeds from the offering in cash and cash equivalents and short-term marketable securities."], "table_evidence": [24], "paragraph_evidence": [23], "source": "multihiertt", "original_question_id": "eec7fa663f7a4657b53eea3da96d208e"}
{"question": "What's the sum of the equity the securities in the level where U.S. small cap stocks is greater than 1? (in million)", "python_solution": "def solution():\n    # Define variables name and value\n    us_large_cap_stocks = 97\n    us_small_cap_stocks = 55\n    non_us_large_cap_stocks = 21\n    non_us_small_cap_stocks = 21\n    emerging_markets = 14\n    \n    # Do math calculation to get the answer\n    answer = us_large_cap_stocks + us_small_cap_stocks + non_us_large_cap_stocks + non_us_small_cap_stocks + emerging_markets\n    \n    return answer", "ground_truth": 208.0, "question_id": "simplong-testmini-88", "paragraphs": ["targets.", "At December 31, 2013, there were no significant holdings of any single issuer and the exposure to derivative instruments was not significant.", "The following tables present the Company’s pension plan assets measured at fair value on a recurring basis:", "||December 31, 2013|\n|Asset Category|Level 1|Level 2|Level 3|Total|\n||(in millions)|\n|Equity securities:|||||\n|U.S. large cap stocks|$97|$43|$—|$140|\n|U.S. small cap stocks|55|1|—|56|\n|Non-U.S. large cap stocks|21|35|—|56|\n|Non-U.S. small cap stocks|21|—|—|21|\n|Emerging markets|14|23|—|37|\n|Debt securities:|||||\n|U.S. investment grade bonds|17|14|—|31|\n|U.S. high yield bonds|—|21|—|21|\n|Non-U.S. investment grade bonds|—|14|—|14|\n|Real estate investment trusts|—|—|2|2|\n|Hedge funds|—|—|20|20|\n|Pooled pension funds|—|126|—|126|\n|Cash equivalents|20|—|—|20|\n|Total|$245|$277|$22|$544|\n", "||December 31, 2012|\n|Asset Category|Level 1|Level 2|Level 3|Total|\n||(in millions)|\n|Equity securities:|||||\n|U.S. large cap stocks|$89|$14|$—|$103|\n|U.S. small cap stocks|43|1|—|44|\n|Non-U.S. large cap stocks|17|30|—|47|\n|Emerging markets|13|20|—|33|\n|Debt securities:|||||\n|U.S. investment grade bonds|20|12|—|32|\n|U.S. high yield bonds|—|20|—|20|\n|Non-U.S. investment grade bonds|—|15|—|15|\n|Real estate investment trusts|—|—|12|12|\n|Hedge funds|—|—|18|18|\n|Pooled pension funds|—|104|—|104|\n|Cash equivalents|9|—|—|9|\n|Total|$191|$216|$30|$437|\n", "Equity securities are managed to track the performance of common market indices for both U. S.  and non-U.", "S.  securities, primarily across large cap, small cap and emerging market asset classes.", "Debt securities are managed to track the performance of common market indices for both U. S.  and non-U.", "S.  investment grade bonds as well as a pool of U. S.  high yield bonds.", "Real estate investment trusts are managed to track the performance of a broad population of investment grade non-agricultural income producing properties.", "The Company’s investments in hedge funds include investments in a multi-strategy fund and an off-shore fund managed to track the performance of broad fund of fund indices.", "Pooled pension funds are managed to return 1.5% in excess of a common index of similar pooled pension funds on a rolling three year basis.", "Cash equivalents consist of holdings in a money market fund that seeks to equal the return of the three month U. S.  Treasury bill.", "The fair value of real estate investment trusts is based primarily on the underlying cash flows of the properties within the trusts which are significant unobservable inputs and classified as Level 3.", "The fair value of the hedge funds is based on the proportionate share of the underlying net assets of the funds, which are significant unobservable inputs and classified as Level 3.", "The fair value of pooled pension funds and equity securities held in collective trust funds is based on the fund’s NAV and classified as Level 2 as they trade in principal-to-principal markets.", "Equity securities and mutual funds traded in active markets are classified as Level 1.", "For debt securities and cash equivalents, the valuation techniques and classifications are consistent with those used for the Company’s own investments as described in Note 14.", "Entergy New Orleans, Inc.  Management's Financial Discussion and Analysis 339 Net Revenue 2008 Compared to 2007 Net revenue consists of operating revenues net of: 1) fuel, fuel-related expenses, and gas purchased for resale, 2) purchased power expenses, and 3) other regulatory charges.", "Following is an analysis of the change in net revenue comparing 2008 to 2007.", "||Amount (In Millions)|\n|2007 net revenue|$231.0|\n|Volume/weather|15.5|\n|Net gas revenue|6.6|\n|Rider revenue|3.9|\n|Base revenue|-11.3|\n|Other|7.0|\n|2008 net revenue|$252.7|\n", "The volume/weather variance is due to an increase in electricity usage in the service territory in 2008 compared to the same period in 2007.", "Entergy New Orleans estimates that approximately 141,000 electric customers and 93,000 gas customers have returned since Hurricane Katrina and are taking service as of December 31, 2008, compared to approximately 132,000 electric customers and 86,000 gas customers as of December 31, 2007.", "Billed retail electricity usage increased a total of 184 GWh compared to the same period in 2007, an increase of 4%.", "The net gas revenue variance is primarily due to an increase in base rates in March and November 2007.", "Refer to Note 2 to the financial statements for a discussion of the base rate increase.", "The rider revenue variance is due primarily to higher total revenue and a storm reserve rider effective March 2007 as a result of the City Council's approval of a settlement agreement in October 2006.", "The approved storm reserve has been set to collect $75 million over a ten-year period through the rider and the funds will be held in a restricted escrow account.", "The settlement agreement is discussed in Note 2 to the financial statements.", "The base revenue variance is primarily due to a base rate recovery credit, effective January 2008.", "The base rate credit is discussed in Note 2 to the financial statements.", "Gross operating revenues and fuel and purchased power expenses Gross operating revenues increased primarily due to: x an increase of $58.9 million in gross wholesale revenue due to increased sales to affiliated customers and an increase in the average price of energy available for resale sales; x an increase of $47.7 million in electric fuel cost recovery revenues due to higher fuel rates and increased electricity usage; and x an increase of $22 million in gross gas revenues due to higher fuel recovery revenues and increases in gas base rates in March 2007 and November 2007.", "Fuel and purchased power increased primarily due to increases in the average market prices of natural gas and purchased power in addition to an increase in demand.", "Table of Contents Seasonality Our revenues are seasonal based on the demand for cruises.", "Demand is strongest for cruises during the Northern Hemisphere’s summer months and holidays.", "In order to mitigate the impact of the winter weather in the Northern Hemisphere and to capitalize on the summer season in the Southern Hemisphere, our brands have focused on deployment in the Caribbean, Asia and Australia during that period.", "Passengers and Capacity Selected statistical information is shown in the following table (see Financial Presentation- Description of Certain Line Items and Selected Operational and Financial Metrics under Item 7.", "Management’s Discussion and Analysis of Financial Condition and Results of Operations, for definitions):"], "table_evidence": [3], "paragraph_evidence": [2, 4], "source": "multihiertt", "original_question_id": "39ca332fc482425a94d9ad74b2adc119"}
{"question": "What's the average of Interest expense in 2009? (in thousand)", "python_solution": "def solution():\n    # Define variables name and value\n    interest_expense_q4 = 177271\n    interest_expense_q3 = 191027\n    interest_expense_q2 = 213105\n    interest_expense_q1 = 232452\n    quarters = 4\n    \n    # Do math calculation to get the answer\n    answer = (interest_expense_q4 + interest_expense_q3 + interest_expense_q2 + interest_expense_q1) / quarters\n    \n    return answer", "ground_truth": 203463.75, "question_id": "simplong-testmini-89", "paragraphs": ["Table 58 — Selected Quarterly Income Statement Data(1)", "||2009|\n||Fourth|Third|Second|First|\n|(Dollar amounts in thousands, except per share amounts)|\n|Interest income|$551,335|$553,846|$563,004|$569,957|\n|Interest expense|177,271|191,027|213,105|232,452|\n|Net interest income|374,064|362,819|349,899|337,505|\n|Provision for credit losses|893,991|475,136|413,707|291,837|\n|Net interest (loss) income after provision for credit losses|-519,927|-112,317|-63,808|45,668|\n|Total noninterest income|244,546|256,052|265,945|239,102|\n|Total noninterest expense|322,596|401,097|339,982|2,969,769|\n|Loss before income taxes|-597,977|-257,362|-137,845|-2,684,999|\n|Benefit for income taxes|-228,290|-91,172|-12,750|-251,792|\n|Net loss|$-369,687|$-166,190|$-125,095|$-2,433,207|\n|Dividends on preferred shares|29,289|29,223|57,451|58,793|\n| Net loss applicable to common shares|$-398,976|$-195,413|$-182,546|$-2,492,000|\n| Common shares outstanding|||||\n|Average — basic|715,336|589,708|459,246|366,919|\n|Average — diluted-2|715,336|589,708|459,246|366,919|\n|Ending|715,762|714,469|568,741|390,682|\n|Book value per share|$5.10|$5.59|$6.23|$7.80|\n|Tangible book value per share-3|4.21|4.69|5.07|6.08|\n| Per common share|||||\n|Net loss- basic|$-0.56|$-0.33|$-0.40|$-6.79|\n|Net loss — diluted|-0.56|-0.33|-0.40|-6.79|\n|Cash dividends declared|0.0100|0.0100|0.0100|0.0100|\n| Common stock price, per share|||||\n|High-4|$4.770|$4.970|$6.180|$8.000|\n|Low-4|3.500|3.260|1.550|1.000|\n|Close|3.650|4.710|4.180|1.660|\n|Average closing price|3.970|4.209|3.727|2.733|\n|Return on average total assets|-2.80%|-1.28%|-0.97%|-18.22%|\n|Return on average common shareholders’ equity|-39.1|-21.5|-23.0|-188.9|\n|Return on average tangible common shareholders’ equity-5|-45.1|-24.7|-27.2|-479.2|\n|Efficiency ratio-6|49.0|61.4|51.0|60.5|\n|Effective tax rate (benefit)|-38.2|-35.4|-9.2|-9.4|\n|Margin analysis-as a % of average earning assets-7|||||\n|Interest income-7|4.70%|4.86%|4.99%|4.99%|\n|Interest expense|1.51|1.66|1.89|2.02|\n|Net interest margin-7|3.19%|3.20%|3.10%|2.97%|\n| Revenue — FTE|||||\n|Net interest income|$374,064|$362,819|$349,899|$337,505|\n|FTE adjustment|2,497|4,177|1,216|3,582|\n|Net interest income-7|376,561|366,996|351,115|341,087|\n|Noninterest income|244,546|256,052|265,945|239,102|\n| Total revenue-7|$621,107|$623,048|$617,060|$580,189|\n|Continued|||||\n", "Consolidated Financial Statements.", "A list of trust-preferred securities outstanding at December 31, 2010 follows:", "| (Dollar amounts in thousands)| Rate|| Principal Amount of   Subordinated Note/   Debenture Issued to Trust -1| Investment in   Unconsolidated   Subsidiary -2|\n|Huntington Capital I|0.99|-3|$138,816|$6,186|\n|Huntington Capital II|0.93|-4|60,093|3,093|\n|Huntington Capital III|6.69||114,072|10|\n|BancFirst Ohio Trust Preferred|8.54||23,248|619|\n|Sky Financial Capital Trust I|8.52||64,474|1,856|\n|Sky Financial Capital Trust II|3.52|-5|30,929|929|\n|Sky Financial Capital Trust III|1.28|-6|77,481|2,320|\n|Sky Financial Capital Trust IV|1.27|-6|77,482|2,320|\n|Prospect Trust I|3.54|-7|6,186|186|\n| Total|||$592,781|$17,519|\n", "(1) Represents the principal amount of debentures issued to each trust, including unamortized original issue discount.", "(2) Huntington’s investment in the unconsolidated trusts represents the only risk of loss.", "(3) Variable effective rate at December 31, 2010, based on three month LIBOR + 0.70.", "(4) Variable effective rate at December 31, 2010, based on three month LIBOR + 0.625.", "(5) Variable effective rate at December 31, 2010, based on three month LIBOR + 2.95.", "(6) Variable effective rate at December 31, 2010, based on three month LIBOR + 1.40.", "(7) Variable effective rate at December 31, 2010, based on three month LIBOR + 3.25.", "Each issue of the junior subordinated debentures has an interest rate equal to the corresponding trust securities distribution rate.", "Huntington has the right to defer payment of interest on the debentures at any time, or from time to time for a period not exceeding five years, provided that no extension period may extend beyond the stated maturity of the related debentures.", "During any such extension period, distributions to the trust securities will also be deferred and Huntington’s ability to pay dividends on its common stock will be restricted.", "Periodic cash payments and payments upon liquidation or redemption with respect to trust securities are guaranteed by Huntington to the extent of funds held by the trusts.", "The guarantee ranks subordinate and junior in right of payment to all indebtedness of the Company to the same extent as the junior subordinated debt.", "The guarantee does not place a limitation on the amount of additional indebtedness that may be incurred by Huntington.", "Low Income Housing Tax Credit Partnerships Huntington makes certain equity investments in various limited partnerships that sponsor affordable housing projects utilizing the Low Income Housing Tax Credit pursuant to Section 42 of the Internal Revenue Code.", "The purpose of these investments is to achieve a satisfactory return on capital, to facilitate the sale of additional affordable housing product offerings, and to assist in achieving goals associated with the Commu\u0002nity Reinvestment Act.", "The primary activities of the limited partnerships include the identification, develop\u0002ment, and operation of multi-family housing that is leased to qualifying residential tenants.", "Generally, these types of investments are funded through a combination of debt and equity.", "Huntington does not own a majority of the limited partnership interests in these entities and is not the primary beneficiary.", "Huntington uses the equity method to account for the majority of its investments in these entities.", "These investments are included in accrued income and other assets.", "At December 31, 2010 and 2009, Huntington has commitments of $316.0 million and $285.3 million, respectively, of which $260.1 million and", "Financial Expectations – We are cautious about the economic environment, but, assuming that industrial production grows approximately 3% as projected, volume should exceed 2013 levels.", "Even with no volume growth, we expect earnings to exceed 2013 earnings, generated by core pricing gains, on-going network improvements and productivity initiatives.", "We expect that free cash flow for 2014 will be lower than 2013 as higher cash from operations will be more than offset by additional cash of approximately $400 million that will be used to pay income taxes that were previously deferred through bonus depreciation, increased capital spend and higher dividend payments.", "RESULTS OF OPERATIONS Operating Revenues", "|Millions|2013|2012|2011|% Change 2013 v 2012|% Change 2012 v 2011|\n|Freight revenues|$20,684|$19,686|$18,508|5%|6%|\n|Other revenues|1,279|1,240|1,049|3|18|\n|Total|$21,963|$20,926|$19,557|5%|7%|\n", "We generate freight revenues by transporting freight or other materials from our six commodity groups.", "Freight revenues vary with volume (carloads) and ARC.", "Changes in price, traffic mix and fuel surcharges drive ARC.", "We provide some of our customers with contractual incentives for meeting or exceeding specified cumulative volumes or shipping to and from specific locations, which we record as reductions to freight revenues based on the actual or projected future shipments.", "We recognize freight revenues as shipments move from origin to destination.", "We allocate freight revenues between reporting periods based on the relative transit time in each reporting period and recognize expenses as we incur them.", "Other revenues include revenues earned by our subsidiaries, revenues from our commuter rail operations, and accessorial revenues, which we earn when customers retain equipment owned or controlled by us or when we perform additional services such as switching or storage.", "We recognize other revenues as we perform services or meet contractual obligations.", "Freight revenues from five of our six commodity groups increased during 2013 compared to 2012.", "Revenue from agricultural products was down slightly compared to 2012.", "ARC increased 5%, driven by core pricing gains, shifts in business mix and an automotive logistics management arrangement.", "Volume was essentially flat year over year as growth in automotives, frac sand, crude oil and domestic intermodal offset declines in coal, international intermodal and grain shipments.", "Freight revenues from four of our six commodity groups increased during 2012 compared to 2011.", "Revenues from coal and agricultural products declined during the year.", "Our franchise diversity allowed us to take advantage of growth from shale-related markets (crude oil, frac sand and pipe) and strong automotive manufacturing, which offset volume declines from coal and agricultural products.", "ARC increased 7%, driven by core pricing gains and higher fuel cost recoveries.", "Improved fuel recovery provisions and higher fuel prices, including the lag effect of our programs (surcharges trail fluctuations in fuel price by approximately two months), combined to increase revenues from fuel surcharges.", "Our fuel surcharge programs generated freight revenues of $2.6 billion, $2.6 billion, and $2.2 billion in 2013, 2012, and 2011, respectively.", "Fuel surcharge in 2013 was essentially flat versus 2012 as lower fuel price offset improved fuel recovery provisions and the lag effect of our programs (surcharges trail fluctuations in fuel price by approximately two months).", "Rising fuel prices and more shipments subject to fuel surcharges drove the increase from 2011 to 2012.", "In 2013, other revenue increased from 2012 due primarily to miscellaneous contract revenue and higher revenues at our subsidiaries that broker intermodal and automotive services.", "In 2012, other revenues increased from 2011 due primarily to higher revenues at our subsidiaries that broker intermodal and automotive services.", "Assessorial revenues also increased in 2012 due to container revenue related to an increase in intermodal shipments."], "table_evidence": [1], "paragraph_evidence": [0], "source": "multihiertt", "original_question_id": "07512f3fb9b140cfb4b3170f1aaf35fd"}
{"question": "What is the average value of Operating leases (b) in 2018 ,2019 and 2021? (in million)", "python_solution": "def solution():\n    # Define variables name and value\n    lease_2018 = 118.8\n    lease_2019 = 182.4\n    lease_2021 = 110.4\n    const_3 = 3\n\n    # Do math calculation to get the answer\n    total = lease_2018 + lease_2021 + lease_2019\n    answer = total / const_3\n    \n    return answer", "ground_truth": 137.20000000000002, "question_id": "simplong-testmini-90", "paragraphs": ["The following table details the fee-paid committed and uncommitted credit lines we had available as of May 28, 2017:", "| In Billions| Facility Amount| Borrowed Amount|\n|Credit facility expiring:|||\n|May 2022|$2.7|$—|\n|June 2019|0.2|0.1|\n|Total committed credit facilities|2.9|0.1|\n|Uncommitted credit facilities|0.5|0.1|\n|Total committed and uncommitted credit facilities|$3.4|$0.2|\n", "In fiscal 2016, we entered into a $2.7 billion fee-paid committed credit facility that was originally scheduled to expire in May 2021.", "During the fourth quarter of fis\u0002cal 2017 we amended the credit facility’s expiration date by one year to May 2022.", "To ensure availability of funds, we maintain bank credit lines sufficient to cover our outstanding notes payable.", "Commercial paper is a continuing source of short-term financing.", "We have commercial paper pro\u0002grams available to us in the United States and Europe.", "We also have uncommitted and asset-backed credit lines that support our foreign operations.", "The credit facilities contain several covenants, including a require\u0002ment to maintain a fixed charge coverage ratio of at least 2.5 times.", "Certain of our long-term debt agreements, our credit facilities, and our noncontrolling interests contain restrictive covenants.", "As of May 28, 2017, we were in compliance with all of these covenants.", "We have $605 million of long-term debt maturing in the next 12 months that is classified as current, includ\u0002ing $500 million of 1.4 percent notes due October 2017 and $100 million of 6.39 percent fixed rate medium term notes due for remarketing in February 2018.", "We believe that cash flows from operations, together with available short- and long-term debt financing, will be adequate to meet our liquidity and capital needs for at least the next 12 months.", "As of May 28, 2017, our total debt, including the impact of derivative instruments designated as hedges, was 67 percent in fixed-rate and 33 percent in float\u0002ing-rate instruments, compared to 78 percent in fixed\u0002rate and 22 percent in floating-rate instruments on May 29, 2016.", "Return on average total capital was 12.7 percent in fiscal 2017 compared to 12.9 percent in fiscal 2016.", "Improvement in adjusted return on average total capital is one of our key performance measures (see the “Non\u0002GAAP Measures” section below for our discussion of this measure, which is not defined by GAAP).", "Adjusted return on average total capital increased 30 basis points from 11.3 percent in fiscal 2016 to 11.6 percent in fis\u0002cal 2017 as fiscal 2017 adjusted earnings increased.", "On a constant-currency basis, adjusted return on average total capital increased 40 basis points.", "We also believe that our fixed charge coverage ratio and the ratio of operating cash flow to debt are import\u0002ant measures of our financial strength.", "Our fixed charge coverage ratio in fiscal 2017 was 7.26 compared to 7.40 in fiscal 2016.", "The measure decreased from fiscal 2016 as earnings before income taxes and after-tax earnings from joint ventures decreased by $132 million in fiscal 2017.", "Our operating cash flow to debt ratio decreased 6.8 percentage points to 24.4 percent in fiscal 2017, driven by a decrease in cash provided by operations and an increase in notes payable.", "We have a 51 percent controlling interest in Yoplait SAS and a 50 percent interest in Yoplait Marques SNC and Liberté Marques Sàrl.", "Sodiaal holds the remaining interests in each of these entities.", "We consolidate these entities into our consolidated financial statements.", "We record Sodiaal’s 50 percent interest in Yoplait Marques SNC and Liberté Marques Sàrl as noncontrolling inter\u0002ests, and its 49 percent interest in Yoplait SAS as a redeemable interest on our Consolidated Balance Sheets.", "These euro- and Canadian dollar-denominated interests are reported in U. S.  dollars on our Consolidated Balance Sheets.", "Sodiaal has the ability to put all or a portion of its redeemable interest to us at fair value once per year, up to three times before December 2024.", "As of May 28, 2017, the redemption value of the redeemable interest was $911 million which approximates its fair value.", "The third-party holder of the General Mills Cereals, LLC (GMC) Class A Interests receives quarterly pre\u0002ferred distributions from available net income based on the application of a floating preferred return rate to the holder’s capital account balance established in the most recent mark-to-market valuation (currently $252 million).", "On June 1, 2015, the floating preferred return rate on GMC’s Class A Interests was reset to the sum of three-month LIBOR plus 125 basis points.", "The pre\u0002ferred return rate is adjusted every three years through a negotiated agreement with the Class A Interest holder or through a remarketing auction.", "We have an option to purchase the Class A Interests for consideration equal to the then current capital account value, plus any unpaid preferred return and the prescribed make-whole amount.", "If we purchase these interests, any change in the third-party holder’s capital account from its original value will be charged directly to retained earnings and will increase or decrease the net earnings used to calculate EPS in that period.", "OFF-BALANCE SHEET ARRANGEMENTS AND CONTRACTUAL OBLIGATIONS As of May 28, 2017, we have issued guarantees and comfort letters of $505 million for the debt and other obligations of consolidated subsidiaries, and guarantees and comfort letters of $165 million for the debt and other obligations of non-consolidated affiliates, mainly CPW.", "In addition, off-balance sheet arrangements are generally limited to the future payments under non-cancelable operating leases, which totaled $501 million as of May 28, 2017.", "As of May 28, 2017, we had invested in five variable interest entities (VIEs).", "None of our VIEs are material to our results of operations, financial condition, or liquidity as of and for the fiscal year ended May 28, 2017.", "Our defined benefit plans in the United States are subject to the requirements of the Pension Protection Act (PPA).", "In the future, the PPA may require us to make additional contributions to our domestic plans.", "We do not expect to be required to make any contribu\u0002tions in fiscal 2017.", "The following table summarizes our future estimated cash payments under existing contractual obligations, including payments due by period:", "|| Payments Due by Fiscal Year|\n| In Millions|Total|2018|2019 -20|2021 -22|2023 and Thereafter|\n|Long-term debt (a)|$8,290.6|604.2|2,647.7|1,559.3|3,479.4|\n|Accrued interest|83.8|83.8|—|—|—|\n|Operating leases (b)|500.7|118.8|182.4|110.4|89.1|\n|Capital leases|1.2|0.4|0.6|0.1|0.1|\n|Purchase obligations (c)|3,191.0|2,304.8|606.8|264.3|15.1|\n|Total contractual obligations|12,067.3|3,112.0|3,437.5|1,934.1|3,583.7|\n|Other long-term obligations (d)|1,372.7|—|—|—|—|\n|Total long-term obligations|$13,440.0|$3,112.0|$3,437.5|$1,934.1|$3,583.7|\n", "(a) Amounts represent the expected cash payments of our long-term debt and do not include $1.2 million for capital leases or $44.4 million for net unamortized debt issuance costs, premiums and discounts, and fair value adjustments.", "(b) Operating leases represents the minimum rental commitments under non-cancelable operating leases.", "(c) The majority of the purchase obligations represent commitments for raw material and packaging to be utilized in the normal course of business and for consumer marketing spending commitments that support our brands.", "For purposes of this table, arrangements are considered purchase obliga\u0002tions if a contract specifies all significant terms, including fixed or minimum quantities to be purchased, a pricing structure, and approximate timing of the transaction.", "Most arrangements are cancelable without a significant penalty and with short notice (usually 30 days).", "Any amounts reflected on the Consolidated Balance Sheets as accounts payable and accrued liabilities are excluded from the table above.", "(d) The fair value of our foreign exchange, equity, commodity, and grain derivative contracts with a payable position to the counterparty was $24 million as of May 28, 2017, based on fair market values as of that date.", "Future changes in market values will impact the amount of cash ultimately paid or received to settle those instruments in the future.", "Other long-term obligations mainly consist of liabilities for accrued compensation and bene\u0002fits, including the underfunded status of certain of our defined benefit pen\u0002sion, other postretirement benefit, and postemployment benefit plans, and miscellaneous liabilities.", "We expect to pay $21 million of benefits from our unfunded postemployment benefit plans and $14.6 million of deferred com\u0002pensation in fiscal 2018.", "We are unable to reliably estimate the amount of these payments beyond fiscal 2018.", "As of May 28, 2017, our total liability for uncertain tax positions and accrued interest and penalties was $158.6 million.", "SIGNIFICANT ACCOUNTING ESTIMATES For a complete description of our significant account\u0002ing policies, see Note 2 to the Consolidated Financial Statements on page 51 of this report.", "Our significant accounting estimates are those that have a meaning\u0002ful impact on the reporting of our financial condition and results of operations.", "These estimates include our accounting for promotional expenditures, valuation of long-lived assets, intangible assets, redeemable interest, stock-based compensation, income taxes, and defined benefit pension, other postretirement benefit, and pos\u0002temployment benefit plans.", "Promotional Expenditures Our promotional activi\u0002ties are conducted through our customers and directly or indirectly with end consumers.", "These activities include: payments to customers to perform merchan\u0002dising activities on our behalf, such as advertising or in-store displays; discounts to our list prices to lower retail shelf prices; payments to gain distribution of new products; coupons, contests, and other incentives; and media and advertising expenditures.", "The recognition of these costs requires estimation of customer participa\u0002tion and performance levels.", "These estimates are based"], "table_evidence": [42], "paragraph_evidence": [41], "source": "multihiertt", "original_question_id": "f0ea400c499d4a0a86524fc61bbff366"}
{"question": "In the year with largest amount of Commercial of Gross Recoveries, what's the increasing rate of Total gross recoveries?", "python_solution": "def solution():\n    # Define variables name and value\n    gross_recoveries_current_year = 235\n    gross_recoveries_previous_year = 221\n    \n    # Do math calculation to get the answer\n    increase_amount = gross_recoveries_current_year - gross_recoveries_previous_year\n    increase_rate = (increase_amount / gross_recoveries_previous_year) * 100\n    \n    return increase_rate", "ground_truth": 6.334841628959276, "question_id": "simplong-testmini-91", "paragraphs": ["CITIZENS FINANCIAL GROUP, INC.", "SELECTED STATISTICAL INFORMATION", "||As of and for the Year Ended December 31,|\n|(dollars in millions)|2014|2013|2012|2011|2010|\n|Gross Charge-offs:||||||\n|Commercial|-$31|-$72|-$127|-$170|-$267|\n|Commercial real estate|-12|-36|-129|-208|-420|\n|Leases|—|—|-1|—|-1|\n|Total commercial|-43|-108|-257|-378|-688|\n|Residential mortgages|-36|-54|-85|-98|-121|\n|Home equity loans|-55|-77|-121|-124|-131|\n|Home equity lines of credit|-80|-102|-118|-106|-112|\n|Home equity loans serviced by others-2|-55|-119|-220|-300|-443|\n|Home equity lines of credit serviced by others-2|-12|-27|-48|-66|-97|\n|Automobile|-41|-19|-29|-47|-94|\n|Student|-54|-74|-88|-97|-118|\n|Credit cards|-64|-68|-68|-85|-176|\n|Other retail|-53|-55|-76|-85|-111|\n|Total retail|-450|-595|-853|-1,008|-1,403|\n|Total gross charge-offs|-$493|-$703|-$1,110|-$1,386|-$2,091|\n|Gross Recoveries:||||||\n|Commercial|$35|$46|$64|$42|$33|\n|Commercial real estate|23|40|47|47|23|\n|Leases|—|1|2|3|1|\n|Total commercial|58|87|113|92|57|\n|Residential mortgages|11|10|16|15|11|\n|Home equity loans|24|26|27|27|32|\n|Home equity lines of credit|15|19|9|9|5|\n|Home equity loans serviced by others-2|21|23|22|18|16|\n|Home equity lines of credit serviced by others-2|5|5|5|4|4|\n|Automobile|20|12|21|35|46|\n|Student|9|13|14|12|57|\n|Credit cards|7|7|8|9|14|\n|Other retail|—|—|—|—|—|\n|Total retail|112|115|122|129|185|\n|Total gross recoveries|$170|$202|$235|$221|$242|\n|Net (Charge-offs)/Recoveries:||||||\n|Commercial|$4|-$26|-$63|-$128|-$234|\n|Commercial real estate|11|4|-82|-161|-397|\n|Leases|—|1|1|3|—|\n|Total commercial|15|-21|-144|-286|-631|\n|Residential mortgages|-25|-44|-69|-83|-110|\n|Home equity loans|-31|-51|-94|-97|-99|\n|Home equity lines of credit|-65|-83|-109|-97|-107|\n|Home equity loans serviced by others-2|-34|-96|-198|-282|-427|\n|Home equity lines of credit serviced by others-2|-7|-22|-43|-62|-93|\n|Automobile|-21|-7|-8|-12|-48|\n|Student|-45|-61|-74|-85|-61|\n|Credit cards|-57|-61|-60|-76|-162|\n|Other retail|-53|-55|-76|-85|-111|\n|Total retail|-338|-480|-731|-879|-1,218|\n|Total net (charge-offs)/recoveries|-$323|-$501|-$875|-$1,165|-$1,849|\n|Ratio of net charge-offs to average loans and leases|-0.36%|-0.59%|-1.01%|-1.35%|-2.04%|\n", "The estimated acquisition-date fair values of major classes of assets acquired and liabilities assumed, including a reconciliation to the total purchase consideration, are as follows (in thousands):", "|Cash|$45,826|\n|Customer-related intangible assets|42,721|\n|Acquired technology|27,954|\n|Trade name|2,901|\n|Other assets|2,337|\n|Deferred income tax assets (liabilities)|-9,788|\n|Other liabilities|-49,797|\n|Total identifiable net assets|62,154|\n|Goodwill|203,828|\n|Total purchase consideration|$265,982|\n", "Goodwill of $203.8 million arising from the acquisition, included in the Asia-Pacific segment, was attributable to expected growth opportunities in Australia and New Zealand, as well as growth opportunities and operating synergies in integrated payments in our existing Asia-Pacific and North America markets.", "Goodwill associated with this acquisition is not deductible for income tax purposes.", "The customer-related intangible assets have an estimated amortization period of 15 years.", "The acquired technology has an estimated amortization period of 15 years.", "The trade name has an estimated amortization period of 5 years.", "NOTE 3 — SETTLEMENT PROCESSING ASSETS AND OBLIGATIONS Funds settlement refers to the process of transferring funds for sales and credits between card issuers and merchants.", "For transactions processed on our systems, we use our internal network to provide funding instructions to financial institutions that in turn fund the merchants.", "We process funds settlement under two models, a sponsorship model and a direct membership model.", "Under the sponsorship model, we are designated as a Merchant Service Provider by MasterCard and an Independent Sales Organization by Visa, which means that member clearing banks (“Member”) sponsor us and require our adherence to the standards of the payment networks.", "In certain markets, we have sponsorship or depository and clearing agreements with financial institution sponsors.", "These agreements allow us to route transactions under the Members’ control and identification numbers to clear credit card transactions through MasterCard and Visa.", "In this model, the standards of the payment networks restrict us from performing funds settlement or accessing merchant settlement funds, and, instead, require that these funds be in the possession of the Member until the merchant is funded.", "Under the direct membership model, we are members in various payment networks, allowing us to process and fund transactions without third-party sponsorship.", "In this model, we route and clear transactions directly through the card brand’s network and are not restricted from performing funds settlement.", "Otherwise, we process these transactions similarly to how we process transactions in the sponsorship model.", "We are required to adhere to the standards of the payment networks in which we are direct members.", "We maintain relationships with financial institutions, which may also serve as our Member sponsors for other card brands or in other markets, to assist with funds settlement.", "Timing differences, interchange fees, Merchant Reserves and exception items cause differences between the amount received from the payment networks and the amount funded to the merchants.", "These intermediary balances arising in our settlement process for direct merchants are reflected as settlement processing assets and obligations on our consolidated balance sheets.", "Settlement processing assets and obligations include the components outlined below: ?", "Interchange reimbursement.", "Our receivable from merchants for the portion of the discount fee related to reimbursement of the interchange fee.", "x The Executive Benefits business offers corporate-owned universal and variable universal life insurance (“COLI”) and bank\u0002owned universal and variable universal life insurance (“BOLI”) to small to mid-sized banks and mid to large-sized corporations, mostly through executive benefit brokers.11 The Group Protection segment focuses on offering group term life, disability income and dental insurance primarily in the small to mid-sized employer marketplace for their eligible employees.", "Employer Markets - Retirement Products The Defined Contribution business is the largest business in this segment and focuses on 403(b) plans and 401(k) plans.", "Lincoln has a strong historical presence in the 403(b) space where assets account for about 61% of total assets under management in this segment as of December 31, 2007.", "The 401(k) business accounts for 51% of our new deposits as of December 31, 2007.", "The Retirement Products segment’s deposits (in millions) were as follows:", "|| For the Years Ended December 31,|\n|| 2007| 2006| 2005|\n|Variable portion of variable annuity|$2,355|$2,525|$2,254|\n|Fixed portion of variable annuity|351|441|520|\n|Total variable annuity|2,706|2,966|2,774|\n|Fixed annuity|754|506|563|\n|Alliance Mutual Fund|2,090|1,113|1,066|\n|Total annuity and Alliance|5,550|4,585|4,403|\n|COLI and BOLI|303|267|210|\n|Total deposits|$5,853|$4,852|$4,613|\n", "Retirement Products - Defined Contribution Products Employer Markets currently offers four primary products to the employer-sponsored market: Lincoln American Legacy RetirementSM, LINCOLN DIRECTORSM, LINCOLN ALLIANCE?", "and Multi-Fund?.", "Lincoln American Legacy RetirementSM , LINCOLN DIRECTORSM and Multi-Fund?", "products are group variable annuities.", "LINCOLN ALLIANCE?", "is a mutual fund-based product.", "These products cover both the 403(b) and 401(k) marketplace.", "Both 403(b) and 401(k) plans are tax-deferred, defined contribution plans offered to employees of an entity to enable them to save for retirement.", "The 403(b) plans are available to employees of educational institutions and certain non-profit entities, while 401(k) plans are generally available to employees of for\u0002profit entities.", "The investment options for our annuities encompass the spectrum of asset classes with varying levels of risk and include both equity and fixed income.", "As of December 31, 2007, healthcare clients accounted for 43% of account values for these products.", "The Lincoln American Legacy RetirementSM variable annuity, launched in the third quarter of 2006, offers 51 investment options with 10 fund families, 20 of which are American Funds?", "options.", "This product is focused on the micro to small corporate 401(k) market.", "LALR account values were $49 million as of December 31, 2007.", "LINCOLN DIRECTORSM is a defined contribution retirement plan solution available to businesses of all sizes, but focused on micro- to small-sized corporations, generally with five to 200 lives.", "Funded through a Lincoln National Life Insurance Company (“LNL”) group variable annuity contract, LINCOLN DIRECTORSM offers participants 60 investment options from 15 fund families.", "In New York, Lincoln Life & Annuity Company of New York (“LLANY”) underwrites the annuity contracts, and these contracts offer 57 investment options from 16 fund families.", "LINCOLN DIRECTORSM has the option of being serviced through a third-party administrator or fully serviced by Lincoln.", "The Employer Markets Defined Contribution segment earns advisory fees, investment income, surrender charges and recordkeeping fees from this product.", "Account values for LINCOLN DIRECTORSM were $7.7 billion, $7.5 billion and $6.5 billion as of December 31, 2007, 2006 and 2005, respectively.", "Deposits for LINCOLN DIRECTORSM were $1.5 billion, $1.7 billion and $1.6 billion as of December 31, 2007, 2006 and 2005, respectively.", "The LINCOLN ALLIANCE?", "program, with an open architecture platform, bundles our traditional fixed annuity products with the employer’s choice of retail mutual funds, along with recordkeeping and customized employee education components.", "We earn fees for the services we provide to mutual fund accounts and investment margins on fixed annuities of LINCOLN ALLIANCE?", "program accounts.", "The retail mutual funds associated with this program are not included in the separate accounts reported on our Consolidated Balance Sheets.", "This program is customized for each employer.", "The target market is primarily education and"], "table_evidence": [2], "paragraph_evidence": [3], "source": "multihiertt", "original_question_id": "f1cf88babc7d4f61a58de77f429da3f8"}
{"question": "What is the sum of Europe of Year Ended December 31, 2007, Retained earnings of December 31, 2014 As Revised, and Total of Year Ended December 31, 2008 ?", "python_solution": "def solution():\n    # Define variables name and value\n    europe_2007 = 1081.0\n    retained_earnings_2014 = 8362.1\n    total_2008 = 4121.1\n    \n    # Do math calculation to get the sum\n    sum_result = europe_2007 + retained_earnings_2014 + total_2008\n    \n    return sum_result", "ground_truth": 13564.2, "question_id": "simplong-testmini-92", "paragraphs": ["Acquisition, integration, realignment and other expenses for 2009 were $75.3 million compared to $68.5 million in 2008.", "During 2009, we initiated a workforce realignment, which included the elimination of positions in some areas and increases in others to support long-term growth.", "As a result of this realignment and headcount reductions from acquisitions, we incurred approximately $19.0 million of severance and termination-related expenses.", "Other items in acquisition, integration, realignment and other expenses in 2009 included approximately $9.4 million of expenses related to contract termination costs, $23.4 million of certain litigation matters that were recognized during the period and various costs incurred to integrate the Abbott Spine business acquired in the fourth quarter of 2008.", "Included in acquisition, integration, realignment and other expenses in 2008 was $38.5 million of in-process research and development related to the Abbott Spine acquisition and other costs related to the integration of Abbott Spine.", "See Note 2 to the consolidated financial statements for a more complete description of these charges.", "We recognized a net curtailment and settlement gain of $32.1 million during 2009 related to amending our U. S.  and Puerto Rico postretirement benefit plans.", "For more information regarding the net curtailment and settlement gain, see Note 12 to the consolidated financial statements.", "Operating Profit, Income Taxes and Net Earnings Operating profit for 2009 decreased 7 percent to $1,018.8 million from $1,090.0 million in 2008.", "The decrease in operating profit is due to higher operating expenses, most notably the goodwill impairment charge.", "Interest and other expense for 2009 increased to $20.6 million compared to income of $31.8 million in 2008.", "Interest and other income in 2008 included a realized gain of $38.8 million related to the sale of certain marketable securities.", "Interest expense increased in the 2009 period as the result of increased long-term debt used to partially fund the Abbott Spine acquisition and the $1.0 billion senior notes offering during 2009.", "The effective tax rate on earnings before income taxes increased to 28.1 percent for 2009, up from 24.3 percent in 2008.", "The effective tax rate for 2009 is negatively impacted by the goodwill impairment charge of $73.0 million recorded during 2009 for which no tax benefit was recorded.", "The effective tax rate for 2008 includes the impact of a current tax benefit of $31.7 million related to the 2007 settlement expense, resulting in a decrease of approximately 3 percent in the 2008 effective tax rate.", "This impact on the 2008 effective tax rate was partially offset by Abbott Spine acquisition\u0002related in-process research and development charges recorded during 2008 for which no tax benefit was recorded.", "These discrete items account for the majority of the change in our effective tax rate year-over-year.", "Net earnings decreased 15 percent to $717.4 million for 2009, compared to $848.6 million in 2008, as a result of decreased operating profit, increased interest expense and an increased effective tax rate.", "Basic earnings per share in 2009 decreased 10 percent to $3.34 from $3.73 in 2008.", "Diluted earnings per share decreased 11 percent to $3.32 from $3.72 in 2008.", "The disproportional change in earnings per share as compared to net earnings is attributed to the effect of 2009 and 2008 share repurchases.", "ear Ended December 31, 2008 Compared to Year Ended December 31, 2007 Net Sales by Reportable Segment The following table presents net sales by reportable segment and the components of the percentage changes (dollars in millions):", "||Year Ended December 31,||Volume/ Mix||Foreign Exchange|\n||2008|2007|% Inc|Price|\n|Americas|$2,353.9|$2,277.0|3%|3%|–%|–%|\n|Europe|1,179.1|1,081.0|9|4|–|5|\n|Asia Pacific|588.1|539.5|9|5|-3|7|\n|Total|$4,121.1|$3,897.5|6|3|–|3|\n", "We have a five year $1,350 million revolving, multi\u0002currency, senior unsecured credit facility maturing November 30, 2012 (Senior Credit Facility).", "We had $128.8 million outstanding under the Senior Credit Facility at December 31, 2009, and an availability of $1,221.2 million.", "The Senior Credit Facility contains provisions by which we can increase the line to $1,750 million.", "We also have available uncommitted credit facilities totaling $84.1 million.", "We may use excess cash or further borrow against our Senior Credit Facility, subject to limits set by our Board of Directors, to repurchase additional common stock under the $1.25 billion program which expires December 31, 2010.", "Approximately $211.1 million remains authorized for future repurchases under this plan.", "Management believes that cash flows from operations and available borrowings under the Senior Credit Facility are sufficient to meet our expected working capital, capital expenditure and debt service needs.", "Should investment opportunities arise, we believe that our earnings, balance sheet and cash flows will allow us to obtain additional capital, if necessary.", "CONTRACTUAL OBLIGATIONS We have entered into contracts with various third parties in the normal course of business which will require future payments.", "The following table illustrates our contractual obligations (in millions):", "|Contractual Obligations|Total|2010|2011 and 2012|2013 and 2014|2015 and Thereafter|\n|Long-term debt|$1,127.6|$–|$128.8|$–|$998.8|\n|Interest payments|1,095.6|53.7|103.8|103.8|834.3|\n|Operating leases|134.6|37.3|47.6|26.6|23.1|\n|Purchase obligations|33.0|27.8|5.1|0.1|–|\n|Long-term income taxes payable|94.3|–|56.5|15.3|22.5|\n|Other long-term liabilities|234.2|–|81.7|26.2|126.3|\n|Total contractual obligations|$2,719.3|$118.8|$423.5|$172.0|$2,005.0|\n", "CRITICAL ACCOUNTING ESTIMATES Our financial results are affected by the selection and application of accounting policies and methods.", "Significant accounting policies which require management’s judgment are discussed below.", "Excess Inventory and Instruments – We must determine as of each balance sheet date how much, if any, of our inventory may ultimately prove to be unsaleable or unsaleable at our carrying cost.", "Similarly, we must also determine if instruments on hand will be put to productive use or remain undeployed as a result of excess supply.", "Reserves are established to effectively adjust inventory and instruments to net realizable value.", "To determine the appropriate level of reserves, we evaluate current stock levels in relation to historical and expected patterns of demand for all of our products and instrument systems and components.", "The basis for the determination is generally the same for all inventory and instrument items and categories except for work-in-progress inventory, which is recorded at cost.", "Obsolete or discontinued items are generally destroyed and completely written off.", "Management evaluates the need for changes to valuation reserves based on market conditions, competitive offerings and other factors on a regular basis.", "Income Taxes – Our income tax expense, deferred tax assets and liabilities and reserves for unrecognized tax benefits reflect management’s best assessment of estimated future taxes to be paid.", "We are subject to income taxes in both the U. S.  and numerous foreign jurisdictions.", "Significant judgments and estimates are required in determining the consolidated income tax expense.", "We estimate income tax expense and income tax liabilities and assets by taxable jurisdiction.", "Realization of deferred tax assets in each taxable jurisdiction is dependent on our ability to generate future taxable income sufficient to realize the benefits.", "We evaluate deferred tax assets on an ongoing basis and provide valuation allowances if it is determined to be “more likely than not” that the deferred tax benefit will not be realized.", "Federal income taxes are provided on the portion of the income of foreign subsidiaries that is expected to be remitted to the U. S.  The calculation of our tax liabilities involves dealing with uncertainties in the application of complex tax laws and regulations in a multitude of jurisdictions across our global operations.", "We are subject to regulatory review or audit in virtually all of those jurisdictions and those reviews and audits may require extended periods of time to resolve.", "We record our income tax provisions based on our knowledge of all relevant facts and circumstances, including existing tax laws, our experience with previous settlement agreements, the status of current examinations and our understanding of how the tax authorities view certain relevant industry and commercial matters.", "We recognize tax liabilities in accordance with the Financial Accounting Standards Board’s (FASB) guidance on income taxes and we adjust these liabilities when our judgment changes as a result of the evaluation of new information not previously available.", "Due to the complexity of some of these uncertainties, the ultimate resolution may result in a payment that is materially different from our current estimate of the tax liabilities.", "These differences will be reflected as increases or decreases to income tax expense in the period in which they are determined.", "Commitments and Contingencies – Accruals for product liability and other claims are established with the assistance of internal and external legal counsel based on current information and historical settlement information for claims, related legal fees and for claims incurred but not reported.", "We use an actuarial model to assist management in determining an appropriate level of accruals for product liability claims.", "Historical patterns of claim loss development", "NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) Revisions to the Consolidated Balance Sheet", "||December 31, 2014|\n||As Reported|Adjustments|As Revised|\n|Inventories|$1,169.0|$24.3|$1,193.3|\n|Total Current Assets|4,289.0|24.3|4,313.3|\n|Property, plant and equipment, net|1,288.8|-3.5|1,285.3|\n|Other assets|939.2|2.5|941.7|\n|Total Assets|9,634.7|23.3|9,658.0|\n|Accounts payable|167.1|-21.9|145.2|\n|Income taxes payable|72.4|7.9|80.3|\n|Other current liabilities|798.5|–|798.5|\n|Total Current Liabilities|1,038.0|-14.0|1,024.0|\n|Long-term income tax payable|181.7|8.2|189.9|\n|Total Liabilities|3,112.1|-5.8|3,106.3|\n|Retained earnings|8,285.2|76.9|8,362.1|\n|Accumulated other comprehensive income|85.9|-47.8|38.1|\n|Total Zimmer Holdings, Inc. stockholders’ equity|6,520.8|29.1|6,549.9|\n|Total Stockholders’ Equity|6,522.6|29.1|6,551.7|\n|Total Liabilities and Stockholders’ Equity|9,634.7|23.3|9,658.0|\n", "Year ended December 31, 2014", "||Year ended December 31, 2014|Year ended December 31, 2013|\n||As Reported|Adjustments|As Revised|As Reported|Adjustments|As Revised|\n|Net earnings|$719.0|$0.2|$719.2|$759.2|$19.4|$778.6|\n|Deferred income tax provision|-84.2|-6.3|-90.5|-126.2|–|-126.2|\n|Changes in operating assets and liabilities, net of effect of acquisitions:|||||||\n|Income taxes payable|-51.9|1.5|-50.4|96.8|7.6|104.4|\n|Inventories|-154.1|-10.5|-164.6|-128.4|-19.7|-148.1|\n|Accounts payable and accrued expenses|120.1|-11.7|108.4|38.3|-4.7|33.6|\n|Other assets and liabilities|87.6|26.8|114.4|-47.1|-2.6|-49.7|\n", "We have not presented revisions to our consolidated statements of stockholders’ equity.", "The only revisions to these statements are related to retained earnings caused by revisions to net earnings and accumulated other comprehensive income caused by revisions to other comprehensive income (loss).", "These revisions have already been presented in the tables for the consolidated statements of earnings and comprehensive income and the consolidated balance sheets.", "In the fourth quarter of 2015 we discovered an error that was immaterial to previous quarters’ condensed consolidated statements of cash flows.", "As further discussed in Note 4, we recognized $90.4 million of compensation expense related to previously unvested LVB stock options and LVB stock-based awards that vested immediately prior to the merger under the terms of the merger agreement.", "$52.8 million of the $90.4 million represented cash payments to holders of these options and stock-based awards.", "In the six month period ended June 30, 2015 and nine month period ended September 30, 2015, we presented the $52.8 million as a cash outflow from investing activities.", "However, since the payment represented compensation expense, the $52.8 million should have been presented as an operating cash outflow.", "We have corrected this error in the consolidated statement of cash flows for the year ended December 31, 2015.", "We will also revise future interim filings to correct for this error.3.", "Significant Accounting Policies Basis of Presentation – The consolidated financial statements include the accounts of Zimmer Biomet Holdings and its subsidiaries in which it holds a controlling financial interest.", "All significant intercompany accounts and transactions are eliminated.", "Certain amounts in the 2014 and 2013 consolidated financial statements have been reclassified to conform to the 2015 presentation.", "Use of Estimates – The consolidated financial statements are prepared in conformity with accounting principles generally accepted in the U. S.  which require us to make"], "table_evidence": [60, 23], "paragraph_evidence": [22], "source": "multihiertt", "original_question_id": "e3cd521c99464beeb1d2b2b1ff062a2d"}
{"question": "What will Balance of Derivatives be like in 2009 if it develops with the same increasing rate as current? (in dollars in millions)", "python_solution": "def solution():\n    # Define variables name and value\n    balance_2008 = -3458\n    balance_2007 = -4402\n    \n    # Do math calculation to get the answer\n    change = balance_2008 - balance_2007\n    growth_rate = change / balance_2007\n    balance_2009 = balance_2008 * (1 + growth_rate)\n    \n    return balance_2009", "ground_truth": -2716.438891412994, "question_id": "simplong-testmini-93", "paragraphs": ["The calculation of earnings per common share and diluted earnings per common share for 2004, 2003 and 2002 is presented below.", "See Note 1 of the Consolidated Financial Statements for a discus\u0002sion on the calculation of earnings per common share.", "| (Dollars in millions, except per share information; shares in thousands)|2004|2003|2002|\n| Earnings per common share||||\n|Net income|$14,143|$10,810|$9,249|\n|Preferred stock dividends|-16|-4|-5|\n|Net income available to common shareholders|$14,127|$10,806|$9,244|\n|Average common shares issued and outstanding|3,758,507|2,973,407|3,040,085|\n| Earnings per common share|$3.76|$3.63|$3.04|\n| Diluted earnings per common share||||\n|Net income available to common shareholders|$14,127|$10,806|$9,244|\n|Convertible preferred stock dividends|2|4|5|\n|Net income available to common shareholders and assumed conversions|$14,129|$10,810|$9,249|\n|Average common shares issued and outstanding|3,758,507|2,973,407|3,040,085|\n|Dilutive potential common shares-1, 2|65,436|56,949|90,850|\n|Total diluted average common shares issued and outstanding|3,823,943|3,030,356|3,130,935|\n| Diluted earnings per common share|$3.69|$3.57|$2.95|\n", "(1) For 2004, 2003 and 2002, average options to purchase 10 million, 19 million and 45 million shares, respectively, were outstanding but not included in the computation of earnings per common share because they were antidilutive.", "(2) Includes incremental shares from assumed conversions of convertible preferred stock, restricted stock units, restricted stock shares and stock options.", "Note 14 Regulatory Requirements and Restrictions The Board of Governors of the Federal Reserve System (FRB) requires the Corporation’s banking subsidiaries to maintain reserve balances based on a percentage of certain deposits.", "Average daily reserve bal\u0002ances required by the FRB were $6.9 billion and $4.1 billion for 2004 and 2003, respectively.", "Currency and coin residing in branches and cash vaults (vault cash) are used to partially satisfy the reserve requirement.", "The average daily reserve balances, in excess of vault cash, held with the Federal Reserve Bank amounted to $70 million and $317 million for 2004 and 2003, respectively.", "The primary source of funds for cash distributions by the Corporation to its shareholders is dividends received from its bank\u0002ing subsidiaries.", "Bank of America, N. A.  and Fleet National Bank declared and paid dividends of $5.9 billion and $1.3 billion, respec\u0002tively, for 2004 to the parent.", "In 2005, Bank of America, N. A.  and Fleet National Bank can declare and pay dividends to the parent of $4.7 billion and $790 million plus an additional amount equal to their net profits for 2005, as defined by statute, up to the date of any such dividend declaration.", "The other subsidiary national banks can initiate aggregate dividend payments in 2005 of $2.6 billion plus an addi\u0002tional amount equal to their net profits for 2005, as defined by statute, up to the date of any such dividend declaration.", "The amount of dividends that each subsidiary bank may declare in a calendar year without approval by the OCC is the subsidiary bank’s net profits for that year combined with its net retained profits, as defined, for the preceding two years.", "The FRB, the OCC and the Federal Deposit Insurance Corporation (collectively, the Agencies) have issued regulatory capital guidelines for U. S.  banking organizations.", "Failure to meet the capital requirements can initiate certain mandatory and discretionary actions by regulators that could have a material effect on the Corporation’s financial statements.", "At December 31, 2004 and 2003, the Corporation and Bank of America, N. A.  were classified as well-capitalized under this regulatory framework.", "At December 31, 2004, Fleet National Bank was classified as well-capitalized under this regulatory framework.", "There have been no conditions or events since December 31, 2004 that management believes have changed the Corporation’s, Bank of America, N. A.", "’s or Fleet National Bank’s capital classifications.", "|| December 31| Average Balance|\n|(Dollars in millions)| 2007|2006| 2007|2006|\n|Total loans and leases|$359,946|$307,661|$327,810|$288,131|\n|Total earning assets-1|383,384|343,338|353,591|344,013|\n|Total assets-1|442,987|399,373|408,034|396,559|\n|Total deposits|344,850|329,195|328,918|332,242|\n", "The strategy for GCSBB is to attract, retain and deepen customer relationships.", "We achieve this strategy through our ability to offer a wide range of products and services through a franchise that stretches coast to coast through 32 states and the District of Columbia.", "We also provide credit card products to customers in Canada, Ireland, Spain and the United Kingdom.", "In the U. S. , we serve approximately 59 million consumer and small business relationships utilizing our network of 6,149 banking centers, 18,753 domestic branded ATMs, and telephone and Internet channels.", "Within GCSBB, there are three primary businesses: Deposits, Card Services, and Consumer Real Estate.", "In addition, ALM/Other includes the results of ALM activities and other consumer-related busi\u0002nesses (e. g. , insurance).", "GCSBB, specifically Card Services, is presented on a managed basis.", "For a reconciliation of managed GCSBB to held GCSBB, see Note 22 – Business Segment Information to the Consolidated Financial Statements.", "During 2007, Visa Inc.  filed a registration statement with the SEC with respect to a proposed IPO.", "Subject to market conditions and other factors, Visa Inc.  expects the IPO to occur in the first half of 2008.", "We expect to record a gain associated with the IPO.", "In addition, we expect that a portion of the proceeds from the IPO will be used by Visa Inc.  to fund liabilities arising from litigation which would allow us to record an offset to the litigation liabilities that we recorded in the fourth quarter of 2007 as discussed below.", "Net income decreased $1.9 billion, or 17 percent, to $9.4 billion compared to 2006 as increases in noninterest income and net interest income were more than offset by increases in provision for credit losses and noninterest expense.", "Net interest income increased $612 million, or two percent, to $28.8 billion due to the impacts of organic growth and the LaSalle acquisition on average loans and leases, and deposits compared to 2006.", "Noninterest income increased $2.1 billion, or 13 percent, to $18.9 billion compared to the same period in 2006, mainly due to increases in card income, service charges and mortgage banking income.", "Provision for credit losses increased $4.4 billion, or 51 percent, to $12.9 billion compared to 2006.", "This increase primarily resulted from a $3.2 billion increase in Card Services and a $978 million increase in Consumer Real Estate.", "For further discussion of the increase in provision for credit losses related to Card Services and Consumer Real Estate, see their respective discussions.", "Noninterest expense increased $1.7 billion, or nine percent, to $20.1 billion largely due to increases in personnel-related expenses, Visa\u0002related litigation costs, equally allocated to Card Services and Treasury Services on a management accounting basis, and technology related costs.", "For additional information on Visa-related litigation, see Note 13 – Commitments and Contingencies to the Consolidated Financial Statements.", "Deposits Deposits provides a comprehensive range of products to consumers and small businesses.", "Our products include traditional savings accounts, money market savings accounts, CDs and IRAs, and noninterest and interest-bearing checking accounts.", "Debit card results are also included in Deposits.", "Deposit products provide a relatively stable source of funding and liquidity.", "We earn net interest spread revenues from investing this liquidity in earning assets through client-facing lending activity and our ALM activ\u0002ities.", "The revenue is allocated to the deposit products using our funds transfer pricing process which takes into account the interest rates and maturity characteristics of the deposits.", "Deposits also generate fees such as account service fees, non-sufficient fund fees, overdraft charges and ATM fees, while debit cards generate merchant interchange fees based on purchase volume.", "Excluding accounts obtained through acquisitions, we added approx\u0002imately 2.3 million net new retail checking accounts in 2007.", "These addi\u0002tions resulted from continued improvement in sales and service results in the Banking Center Channel and Online, and the success of such products as Keep the ChangeTM, Risk Free CDs, Balance Rewards and Affinity.", "We continue to migrate qualifying affluent customers and their related deposit balances from GCSBB to GWIM.", "In 2007, a total of $11.4 billion of deposits were migrated from GCSBB to GWIM compared to $10.7 billion in 2006.", "After migration, the associated net interest income, serv\u0002ice charges and noninterest expense are recorded in GWIM.", "Net income increased $364 million, or seven percent, to $5.2 billion compared to 2006 as an increase in noninterest income was partially offset by an increase in noninterest expense.", "Net interest income remained relatively flat at $9.4 billion compared to 2006 as the addition of LaSalle and higher deposit spreads resulting from disciplined pricing were offset by the impact of lower balances.", "Average deposits decreased $3.2 billion, or one percent, largely due to the migration of customer rela\u0002tionships and related balances to GWIM, partially offset by the acquisition of LaSalle.", "The increase in noninterest income was driven by higher serv\u0002ice charges of $665 million, or 12 percent, primarily as a result of new demand deposit account growth and the addition of LaSalle.", "Additionally, debit card revenue growth of $248 million, or 13 percent, was due to a higher number of checking accounts, increased usage, the addition of LaSalle and market penetration (i. e. , increase in the number of existing account holders with debit cards).", "Noninterest expense increased $323 million, or four percent, to $9.1 billion compared to 2006, primarily due to the addition of LaSalle, and to higher account and transaction volumes.", "Card Services Card Services, which excludes the results of debit cards (included in Deposits), provides a broad offering of products, including U. S.  Consumer and Business Card, Unsecured Lending, and International Card.", "We offer a variety of co-branded and affinity credit card products and have become the leading issuer of credit cards through endorsed marketing in the U. S.  and Europe.", "During 2007, Merchant Services was transferred to Treasury Services within GCIB.", "Previously their results were reported in Card Serv\u0002ices.", "Prior period amounts have been reclassified.", "The shares of the series of preferred stock previously discussed are not subject to the operation of a sinking fund and have no participation rights.", "With the exception of the Series L Preferred Stock, the shares of the series of preferred stock in the previous table are not convertible.", "The holders of these series have no general voting rights.", "If any dividend payable on these series is in arrears for three or more semi-annual or six or more quarterly dividend periods, as applicable (whether consecutive or not), the holders of these series and any other class or series of pre\u0002ferred stock ranking equally as to payment of dividends and upon which equivalent voting rights have been conferred and are exercisable (voting as a single class) will be entitled to vote for the election of two additional directors.", "These voting rights terminate when the Corporation has paid in full dividends on these series for at least two semi-annual or four quar\u0002terly dividend periods, as applicable, following the dividend arrearage (or, in the case of the Series N Preferred Stock, upon payment of all accrued and unpaid dividends).", "In October 2008, in connection with the TARP Capital Purchase Pro\u0002gram, established as part of the Emergency Economic Stabilization Act of 2008, the Corporation issued to the U. S.  Treasury 600 thousand shares of Series N Preferred Stock as presented in the previous table.", "The Ser\u0002ies N Preferred Stock has a call feature after three years.", "In connection with this investment, the Corporation also issued to the U. S.  Treasury 10-year warrants to purchase approximately 73.1 million shares of Bank of America Corporation common stock at an exercise price of $30.79 per share.", "Upon the request of the U. S.  Treasury, at any time, the Corpo\u0002ration has agreed to enter into a deposit arrangement pursuant to which the Series N Preferred Stock may be deposited and depositary shares, representing 1/25th of a share of Series N Preferred Stock, may be issued.", "The Corporation has agreed to register the Series N Preferred Stock, the warrants, the shares of common stock underlying the warrants and the depositary shares, if any, for resale under the Securities Act of 1933.", "As required under the TARP Capital Purchase Program in connection with the sale of the Series N Preferred Stock to the U. S.  Treasury, divi\u0002dend payments on, and repurchases of, the Corporation’s outstanding preferred and common stock are subject to certain restrictions.", "For as long as any Series N Preferred Stock is outstanding, no dividends may be declared or paid on the Corporation’s outstanding preferred and common stock until all accrued and unpaid dividends on Series N Preferred Stock are fully paid.", "In addition, the U. S.  Treasury’s consent is required for any increase in dividends declared on shares of common stock before the third anniversary of the issuance of the Series N Preferred Stock unless the Series N Preferred Stock is redeemed by the Corporation or trans\u0002ferred in whole by the U. S.  Treasury.", "Further, the U. S.  Treasury’s consent is required for any repurchase of any equity securities or trust preferred securities except for repurchases of Series N Preferred Stock or repurchases of common shares in connection with benefit plans con\u0002sistent with past practice before the third anniversary of the issuance of the Series N Preferred Stock unless redeemed by the Corporation or transferred in whole by the U. S.  Treasury.", "On July 14, 2006, the Corporation redeemed its 6.75% Perpetual Preferred Stock with a stated value of $250 per share.", "The 382.5 thousand shares, or $96 million, outstanding of preferred stock were redeemed at the stated value of $250 per share, plus accrued and unpaid dividends.", "On July 3, 2006, the Corporation redeemed its Fixed/Adjustable Rate Cumulative Preferred Stock with a stated value of $250 per share.", "The 700 thousand shares, or $175 million, outstanding of preferred stock were redeemed at the stated value of $250 per share, plus accrued and unpaid dividends.", "All preferred stock outstanding has preference over the Corporation’s common stock with respect to the payment of dividends and distribution of the Corporation’s assets in the event of a liquidation or dissolution.", "Except in certain circumstances, the holders of preferred stock have no voting rights.", "During 2008, 2007 and 2006 the aggregate dividends declared on preferred stock were $1.3 billion, $182 million and $22 million respectively.", "In addition, in January 2009, the Corporation declared aggregate dividends on preferred stock of $909 million, including $145 million related to preferred stock exchanged in connection with the Merrill Lynch acquisition.", "Accumulated OCI The following table presents the changes in accumulated OCI for 2008, 2007 and 2006, net-of-tax.", "|(Dollars in millions)|Securities -1|Derivatives -2|Employee Benefit Plans -3|Foreign Currency -4|Total|\n| Balance, December 31, 2007|$6,536|$-4,402|$-1,301|$296|$1,129|\n|Net change in fair value recorded in accumulated OCI-5|-10,354|104|-3,387|-1,000|-14,637|\n|Net realized losses reclassified into earnings-6|1,797|840|46|–|2,683|\n| Balance, December 31, 2008|$-2,021|$-3,458|$-4,642|$-704|$-10,825|\n| Balance, December 31, 2006|$-2,733|$-3,697|$-1,428|$147|$-7,711|\n|Net change in fair value recorded in accumulated OCI-5|9,416|-1,252|4|142|8,310|\n|Net realized (gains) losses reclassified into earnings(6)|-147|547|123|7|530|\n| Balance, December 31, 2007|$6,536|$-4,402|$-1,301|$296|$1,129|\n| Balance, December 31, 2005|$-2,978|$-4,338|$-118|$-122|$-7,556|\n|Net change in fair value recorded in accumulated OCI|465|534|-1,310|219|-92|\n|Net realized (gains) losses reclassified into earnings(6)|-220|107|–|50|-63|\n| Balance, December 31, 2006|$-2,733|$-3,697|$-1,428|$147|$-7,711|\n", "(1) In 2008, 2007 and 2006, the Corporation reclassified net realized losses into earnings on the sales and other-than-temporary impairments of AFS debt securities of $1.4 billion, $137 million and $279 million, net-of-tax, respectively, and net realized (gains) losses on the sales and other-than-temporary impairments of AFS marketable equity securities of $377 million, $(284) million, and $(499) million, net-of-tax, respectively.", "(2) The amounts included in accumulated OCI for terminated interest rate derivative contracts were losses of $3.4 billion, $3.8 billion and $3.2 billion, net-of-tax, at December 31, 2008, 2007 and 2006, respectively.", "(3) For more information, see Note 16 – Employee Benefit Plans to the Consolidated Financial Statements.", "(4) For 2008, the net change in fair value recorded in accumulated OCI represented $3.8 billion in losses associated with the Corporation’s foreign currency translation adjustments on its net investment in consolidated foreign operations partially offset by gains of $2.8 billion on the related foreign currency exchange hedging results.", "(5) Securities include the fair value adjustment of $4.8 billion and $8.4 billion, net-of-tax, related to the Corporation’s investment in CCB at December 31, 2008 and 2007.", "(6) Included in this line item are amounts related to derivatives used in cash flow hedge relationships.", "These amounts are reclassified into earnings in the same period or periods during which the hedged forecasted transactions affect earnings.", "This line item also includes (gains) losses on AFS debt and marketable equity securities and impairment charges.", "These amounts are reclassified into earnings upon sale of the related security or when the other-than-temporary impairment charge is recognized.", "Entering 2006, earnings in the first quarter are ex\u0002pected to improve compared with the 2005 fourth quar\u0002ter due principally to higher average price realizations, reflecting announced price increases.", "Product demand for the first quarter should be seasonally slow, but is ex\u0002pected to strengthen as the year progresses, supported by continued economic growth in North America, Asia and Eastern Europe.", "Average prices should also improve in 2006 as price increases announced in late 2005 and early 2006 for uncoated freesheet paper and pulp con\u0002tinue to be realized.", "Operating rates are expected to improve as a result of industry-wide capacity reductions in 2005.", "Although energy and raw material costs remain high, there has been some decline in both natural gas and delivered wood costs, with further moderation ex\u0002pected later in 2006.", "We will continue to focus on fur\u0002ther improvements in our global manufacturing operations, implementation of supply chain enhance\u0002ments and reductions in overhead costs during 2006.", "Industrial Packaging Demand for Industrial Packaging products is closely correlated with non-durable industrial goods production in the United States, as well as with demand for proc\u0002essed foods, poultry, meat and agricultural products.", "In addition to prices and volumes, major factors affecting the profitability of Industrial Packaging are raw material and energy costs, manufacturing efficiency and product mix.", "Industrial Packaging’s net sales for 2005 increased 2% compared with 2004, and were 18% higher than in 2003, reflecting the inclusion of International Paper Distribution Limited (formerly International Paper Pacific Millennium Limited) beginning in August 2005.", "Operating profits in 2005 were 39% lower than in 2004 and 13% lower than in 2003.", "Sales volume increases ($24 million), improved price realizations ($66 million), and strong mill operating performance ($27 million) were not enough to offset the effects of increased raw material costs ($103 million), higher market related downtime costs ($50 million), higher converting operating costs ($22 million), and unfavorable mix and other costs ($67 million).", "Additionally, the May 2005 sale of our Industrial Papers business resulted in a $25 million lower earnings contribution from this business in 2005.", "The segment took 370,000 tons of downtime in 2005, including 230,000 tons of lack-of-order downtime to balance internal supply with customer demand, com\u0002pared to a total of 170,000 tons in 2004, which included 5,000 tons of lack-of-order downtime.", "| In millions|2005|2004|2003|\n|Sales|$4,935|$4,830|$4,170|\n|Operating Profit|$230|$380|$264|\n", "Containerboard’s net sales totaled $895 million in 2005, $951 million in 2004 and $815 million in 2003.", "Soft market conditions and declining customer demand at the end of the first quarter led to lower average sales prices during the second and third quarters.", "Beginning in the fourth quarter, prices recovered as a result of in\u0002creased customer demand and a rationalization of sup\u0002ply.", "Full year sales volumes trailed 2004 levels early in the year, reflecting the weak market conditions in the first half of 2005.", "However, volumes rebounded in the second half of the year, and finished the year ahead of 2004 levels.", "Operating profits decreased 38% from 2004, but were flat with 2003.", "The favorable impacts of in\u0002creased sales volumes, higher average sales prices and improved mill operating performance were not enough to offset the impact of higher wood, energy and other raw material costs and increased lack-of-order down\u0002time.", "Implementation of the new supply chain operating model in our containerboard mills during 2005 resulted in increased operating efficiency and cost savings.", "Specialty Papers in 2005 included the Kraft Paper business for the full year and the Industrial Papers busi\u0002ness for five months prior to its sale in May 2005.", "Net sales totaled $468 million in 2005, $723 million in 2004 and $690 million in 2003.", "Operating profits in 2005 were down 23% compared with 2004 and 54% com\u0002pared with 2003, reflecting the lower contribution from Industrial Papers.", "U. S.  Converting Operations net sales for 2005 were $2.6 billion compared with $2.3 billion in 2004 and $1.9 billion in 2003.", "Sales volumes were up 10% in 2005 compared with 2004, mainly due to the acquisition of Box USA in July 2004.", "Average sales prices in 2005 began the year above 2004 levels, but softened in the second half of the year.", "Operating profits in 2005 de\u0002creased 46% and 4% from 2004 and 2003 levels, re\u0002spectively, primarily due to increased linerboard, freight and energy costs.", "European Container sales for 2005 were $883 mil\u0002lion compared with $865 million in 2004 and $801 mil\u0002lion in 2003.", "Operating profits declined 19% and 13% compared with 2004 and 2003, respectively.", "The in\u0002crease in sales in 2005 reflected a slight increase in de\u0002mand over 2004, but this was not sufficient to offset the negative earnings effect of increased operating costs, unfavorable foreign exchange rates and a reduction in average sales prices.", "The Moroccan box plant acquis\u0002ition, which was completed in October 2005, favorably impacted fourth-quarter results.", "Industrial Packaging’s sales in 2005 included $104 million from International Paper Distribution Limited, our Asian box and containerboard business, subsequent to the acquisition of an additional 50% interest in Au\u0002gust 2005."], "table_evidence": [87], "paragraph_evidence": [88, 86], "source": "multihiertt", "original_question_id": "54fc7e5b99214f50abd1912b4b9de1af"}
{"question": "What's the average of the Private equity/venture capital in the years where SVB Capital Partners II, LP for Carrying value(as reported) for December 31, is positive? (in thousand)", "python_solution": "def solution():\n    # Define variables name and value\n    private_equity_venture_capital = [4582906, 2386054, 1732699]\n    \n    # Do math calculation to get the answer\n    answer = sum(private_equity_venture_capital) / len(private_equity_venture_capital)\n    \n    return answer", "ground_truth": 2900553.0, "question_id": "simplong-testmini-94", "paragraphs": ["As of December 31, 2017, we had $1.238 billion of gross unrecognized tax benefits, of which a net $1.150 billion, if recognized, would affect our effective tax rate.", "As of December 31, 2016, we had $1.095 billion of gross unrecognized tax benefits, of which a net $1.006 billion, if recognized, would affect our effective tax rate.", "As of December 31, 2015, we had $1.056 billion of gross unrecognized tax benefits, of which a net $900 million, if recognized, would affect our effective tax rate.", "A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:", "||Year Ended December 31,|\n|(in millions)|2017|2016|2015|\n|Beginning Balance|$1,095|$1,056|$1,047|\n|Additions based on positions related to the current year|134|47|32|\n|Additions based on positions related to prior years|16|14|38|\n|Reductions for tax positions of prior years|-3|-17|-36|\n|Settlements with taxing authorities|-2|-3|-18|\n|Statute of limitation expirations|-2|-2|-7|\n|Ending Balance|$1,238|$1,095|$1,056|\n", "We are subject to U. S.  Federal income tax as well as income tax of multiple state and foreign jurisdictions.", "We have concluded all U. S.  federal income tax matters through 2000, all foreign income tax matters through 2002 and substantially all material state and local income tax matters through 2005.", "We have received Notices of Deficiency from the Internal Revenue Service (IRS) reflecting proposed audit adjustments for Guidant Corporation for its 2001 through 2006 tax years and Boston Scientific Corporation for its 2006 and 2007 tax years.", "The total incremental tax liability asserted by the IRS for the applicable periods is $1.162 billion plus interest.", "The primary issue in dispute for all years is the transfer pricing associated with the technology license agreements between domestic and foreign subsidiaries of Guidant.", "In addition, the IRS has proposed adjustments in connection with the financial terms of our Transaction Agreement with Abbott Laboratories pertaining to the sale of Guidant's vascular intervention business to Abbott Laboratories in April 2006.", "During 2014, we received a Revenue Agent Report from the IRS reflecting significant proposed audit adjustments to our 2008, 2009 and 2010 tax years based upon the same transfer pricing methodologies that the IRS applied to our 2001 through 2007 tax years.", "We do not agree with the transfer pricing methodologies applied by the IRS or its resulting assessment.", "We have filed petitions with the U. S.  Tax Court contesting the Notices of Deficiency for the 2001 through 2007 tax years in challenge and submitted a letter to the IRS Office of Appeals protesting the Revenue Agent Report for the 2008 through 2010 tax years and requesting an administrative appeal hearing.", "The issues in dispute were scheduled to be heard in U. S.  Tax Court in July 2016.", "On July 19, 2016, we entered into a Stipulation of Settled Issues with the IRS intended to resolve all of the aforementioned transfer pricing issues, as well as the issues related to our transaction with Abbott Laboratories, for the 2001 through 2007 tax years.", "The Stipulation of Settled Issues is contingent upon the IRS Office of Appeals applying the same basis of settlement to all transfer pricing issues for the Company’s 2008, 2009 and 2010 tax years as well as review by the United States Congress Joint Committee on Taxation.", "In October 2016, we reached an agreement in principle with IRS Office of Appeals as to the resolution of transfer pricing issues in 2008, 2009 and 2010 tax years, subject to additional calculations of tax as well as documentation to memorialize our agreement.", "In the event that the conditions in the Stipulation of Settled Items are satisfied, we expect to make net tax payments of approximately $275 million, plus interest through the date of payment with respect to the settled issues.", "If finalized, payments related to the resolution are expected in the next six months.", "We believe that our income tax reserves associated with these matters are adequate as of December 31, 2017 and we do not expect to recognize any additional charges related to resolution of this controversy.", "However, the final resolution of these issues is contingent and if the Stipulation of Settled Issues is not finalized, it could have a material impact on our financial condition, results of operations, or cash flows.", "We recognize interest and penalties related to income taxes as a component of income tax expense.", "We had $655 million accrued for gross interest and penalties as of December 31, 2017 and $572 million as of December 31, 2016.", "The increase in gross interest and penalties of $83 million was recognized in our consolidated statements of operations.", "We recognized net tax expense related to interest and penalties of $154 million in 2017, $46 million in 2016 and $37 million in 2015.", "The increase in our net tax expense related to interest and penalties as of December 31, 2017, as compared to December 31, 2016, is primarily attributable to re\u0002measuring the future tax benefit of our accrued interest as a result of the TCJA.", "segment includes AWE and our share of earnings for our investment in ULA, which provides expendable launch services to the U. S.  Government.", "Space Systems’ operating results included the following (in millions):", "||2016|2015|2014|\n|Net sales|$9,409|$9,105|$9,202|\n|Operating profit|1,289|1,171|1,187|\n|Operating margin|13.7%|12.9%|12.9%|\n|Backlog atyear-end|$18,900|$17,400|$20,300|\n", "2016 compared to 2015 Space Systems’ net sales in 2016 increased $304 million, or 3%, compared to 2015.", "The increase was attributable to net sales of approximately $410 million from AWE following the consolidation of this business in the third quarter of 2016; and approximately $150 million for commercial space transportation programs due to increased launch-related activities; and approximately $70 million of higher net sales for various programs (primarily Fleet Ballistic Missiles) due to increased volume.", "These increases were partially offset by a decrease in net sales of approximately $340 million for government satellite programs due to decreased volume (primarily SBIRS and MUOS) and the wind-down or completion of mission solutions programs.", "Space Systems’ operating profit in 2016 increased $118 million, or 10%, compared to 2015.", "The increase was primarily attributable to a non-cash, pre-tax gain of approximately $127 million related to the consolidation of AWE; and approximately $80 million of increased equity earnings from joint ventures (primarily ULA).", "These increases were partially offset by a decrease of approximately $105 million for government satellite programs due to lower risk retirements (primarily SBIRS, MUOS and mission solutions programs) and decreased volume.", "Adjustments not related to volume, including net profit booking rate adjustments, were approximately $185 million lower in 2016 compared to 2015.2015 compared to 2014 Space Systems’ net sales in 2015 decreased $97 million, or 1%, compared to 2014.", "The decrease was attributable to approximately $335 million lower net sales for government satellite programs due to decreased volume (primarily AEHF) and the wind-down or completion of mission solutions programs; and approximately $55 million for strategic missile and defense systems due to lower volume.", "These decreases were partially offset by higher net sales of approximately $235 million for businesses acquired in 2014; and approximately $75 million for the Orion program due to increased volume.", "Space Systems’ operating profit in 2015 decreased $16 million, or 1%, compared to 2014.", "Operating profit increased approximately $85 million for government satellite programs due primarily to increased risk retirements.", "This increase was offset by lower operating profit of approximately $65 million for commercial satellite programs due to performance matters on certain programs; and approximately $35 million due to decreased equity earnings in joint ventures.", "Adjustments not related to volume, including net profit booking rate adjustments and other matters, were approximately $105 million higher in 2015 compared to 2014.", "Equity earnings Total equity earnings recognized by Space Systems (primarily ULA) represented approximately $325 million, $245 million and $280 million, or 25%, 21% and 24% of this business segment’s operating profit during 2016, 2015 and 2014.", "Backlog Backlog increased in 2016 compared to 2015 primarily due to the addition of AWE’s backlog.", "Backlog decreased in 2015 compared to 2014 primarily due to lower orders for government satellite programs and the Orion program and higher sales on the Orion program.", "Trends We expect Space Systems’ 2017 net sales to decrease in the mid-single digit percentage range as compared to 2016, driven by program lifecycles on government satellite programs, partially offset by the recognition of AWE net sales for a full year in 2017 versus a partial year in 2016 following the consolidation of AWE in the third quarter of 2016.", "Operating profit", "(2) The following table shows the amounts of other venture capital investments held by the following consolidated funds and amounts attributable to SVBFG for each fund at December 31, 2014 , 2013 and 2012 :", "||December 31,|\n||2014|2013|2012|\n|(Dollars in thousands)|Carrying value(as reported)|Amount attributableto SVBFG|Carrying value(as reported)|Amount attributableto SVBFG|Carrying value(as reported)|Amount attributableto SVBFG|\n|Silicon Valley BancVentures, LP|$3,291|$352|$6,564|$702|$43,493|$4,652|\n|SVB Capital Partners II, LP|20,481|1,040|22,684|1,152|79,761|4,051|\n|Capital Partners III, LP|41,055|—|—|—|—|—|\n|SVB Capital Shanghai Yangpu Venture Capital Fund|6,377|431|3,591|243|3,837|259|\n|Total other venture capital investments|$71,204|$1,823|$32,839|$2,097|$127,091|$8,962|\n", "(3) Investments classified as other securities (fair value accounting) represent direct equity investments in public companies held by our consolidated funds.", "At December 31, 2014 , the amount primarily includes total unrealized gains of $75 million in one public company, FireEye.", "The extent to which any unrealized gains (or losses) will become realized is subject to a variety of factors, including, among other things, changes in prevailing market prices and the timing of any sales or distribution of securities and may also be constrained by lock-up agreements.", "None of the FireEye related investments currently are subject to a lock-up agreement.", "Loans The following table details the composition of the loan portfolio, net of unearned income, as of the five most recent year-ends:", "||December 31,|\n|(Dollars in thousands)|2014|2013|2012|2011|2010|\n|Commercial loans:||||||\n|Software and internet -1|$4,954,676|$4,102,636|$3,261,489|$2,492,849|$1,820,680|\n|Hardware -1|1,131,006|1,213,032|1,118,370|952,303|641,052|\n|Private equity/venture capital|4,582,906|2,386,054|1,732,699|1,117,419|1,036,201|\n|Life science & healthcare -1|1,289,904|1,170,220|1,066,199|863,737|575,944|\n|Premium wine|187,568|149,841|143,511|130,245|144,972|\n|Other -1|234,551|288,904|315,453|342,147|375,928|\n|Total commercial loans|12,380,611|9,310,687|7,637,721|5,898,700|4,594,777|\n|Real estate secured loans:||||||\n|Premium wine -2|606,753|514,993|413,513|345,988|312,255|\n|Consumer loans -3|1,118,115|873,255|685,300|534,001|361,704|\n|Other|39,651|30,743|—|—|—|\n|Total real estate secured loans|1,764,519|1,418,991|1,098,813|879,989|673,959|\n|Construction loans -4|78,626|76,997|65,742|30,256|60,178|\n|Consumer loans|160,520|99,711|144,657|161,137|192,823|\n|Total loans, net of unearned income -5(6)|$14,384,276|$10,906,386|$8,946,933|$6,970,082|$5,521,737|\n", "(1) Because of the diverse nature of energy and resource innovation products and services, for our loan-related reporting purposes, ERI-related loans are reported under our hardware, software and internet, life science & healthcare and other commercial loan categories, as applicable.", "(2) Included in our premium wine portfolio are gross construction loans of $112 million , $112 million , $148 million , $111 million and $119 million at December 31, 2014 , 2013 , 2012 , 2011 and 2010 , respectively.", "(3) Consumer loans secured by real estate at December 31, 2014 , 2013 , 2012 , 2011 and 2010 were comprised of the following:"], "table_evidence": [49, 55], "paragraph_evidence": [48, 54], "source": "multihiertt", "original_question_id": "a89afa083bd74f46819fa14c303be893"}
{"question": "what is the growth rate in operating profit for space systems in 2011?", "python_solution": "def solution():\n    # Define variables name and value\n    operating_profit_2011 = 1063\n    operating_profit_2010 = 1030\n    \n    # Do math calculation to get the answer\n    difference = operating_profit_2011 - operating_profit_2010\n    growth_rate = (difference / operating_profit_2010) * 100\n    \n    return growth_rate", "ground_truth": 3.203883495145631, "question_id": "simplong-testmini-95", "paragraphs": ["ITEM 6.", "SELECTED FINANCIAL DATA The Coca-Cola Company and Subsidiaries", "| |Compound Growth Rates |Year Ended December 31,|\n|(In millions except per share data, ratios and growth rates) |5 Years |10 Years |2003 2|2002 3,4|\n| SUMMARY OF OPERATIONS|||||\n|Net operating revenues|5.2 %|5.3%|$ 21,044|$ 19,564|\n|Cost of goods sold|6.9 %|4.2%|7,762|7,105|\n|Gross profit|4.3 %|6.1%|13,282|12,459|\n|Selling, general and administrative expenses|5.6 %|5.9%|7,488|7,001|\n|Other operating charges|||573|—|\n|Operating income|1.0 %|5.4%|5,221|5,458|\n|Interest income|||176|209|\n|Interest expense|||178|199|\n|Equity income (loss)—net|||406|384|\n|Other income (loss)—net|||-138|-353|\n|Gains on issuances of stock by equity investees|||8|—|\n|Income before income taxes and changes in accounting principles|1.1 %|5.6%|5,495|5,499|\n|Income taxes|-7.2%|1.4%|1,148|1,523|\n|Net income before changes in accounting principles|4.2 %|7.1%|$ 4,347|$ 3,976|\n|Net income|4.2 %|7.2%|$ 4,347|$ 3,050|\n|Average shares outstanding|||2,459|2,478|\n|Average shares outstanding assuming dilution|||2,462|2,483|\n| PER SHARE DATA|||||\n|Income before changes in accounting principles—basic|4.4 %|7.7%|$ 1.77|$ 1.60|\n|Income before changes in accounting principles—diluted|4.5 %|7.9%|1.77|1.60|\n|Basic net income|4.4 %|7.7%|1.77|1.23|\n|Diluted net income|4.5 %|7.9%|1.77|1.23|\n|Cash dividends|8.0 %|10.0%|0.88|0.80|\n|Market price on December 31,|-5.4%|8.6%|50.75|43.84|\n| TOTAL MARKET VALUE OF COMMON STOCK1|-5.6%|7.9%|$ 123,908|$ 108,328|\n| BALANCE SHEET AND OTHER DATA|||||\n|Cash, cash equivalents and current marketable securities|||$ 3,482|$ 2,345|\n|Property, plant and equipment—net|||6,097|5,911|\n|Depreciation|||667|614|\n|Capital expenditures|||812|851|\n|Total assets|||27,342|24,406|\n|Long-term debt|||2,517|2,701|\n|Total debt|||5,423|5,356|\n|Share-owners' equity|||14,090|11,800|\n|Total capital1|||19,513|17,156|\n| OTHER KEY FINANCIAL MEASURES1|||||\n|Total debt-to-total capital|||27.8%|31.2%|\n|Net debt-to-net capital|||12.1%|20.3%|\n|Return on common equity|||33.6%|34.3%|\n|Return on capital|||24.5%|24.5%|\n|Dividend payout ratio|||49.8%|65.1%|\n|Net cash provided by operations|||$ 5,456|$ 4,742|\n", "1 Refer to Glossary on pages 103 and 104.2 In 2003, we adopted SFAS No.146, ‘‘Accounting for Costs Associated with Exit or Disposal Activities.", "’’ 3 In 2002, we adopted SFAS No.142, ‘‘Goodwill and Other Intangible Assets.", "’’ 4 In 2002, we adopted the fair value method provisions of SFAS No.123, ‘‘Accounting for Stock-Based Compensation,’’ and we adopted SFAS No.148, ‘‘Accounting for Stock-Based Compensation—Transition and Disclosure.", "’’", "NOTES TO CONSOLIDATED FINANCIAL STATEMENTS The Coca-Cola Company and Subsidiaries NOTE 12: NET CHANGE IN OPERATING ASSETS AND LIABILITIES Net cash provided by operating activities attributable to the net change in operating assets and liabilities is composed of the following (in millions):", "||2003|2002|2001|\n|Decrease (increase) in trade accounts receivable|$ 80|$ -83|$ -73|\n|Decrease (increase) in inventories|111|-49|-17|\n|Decrease (increase) in prepaid expenses and other assets|-276|74|-349|\n|Decrease in accounts payable and accrued expenses|-164|-442|-179|\n|Increase in accrued taxes|53|20|247|\n|Increase (decrease) in other liabilities|28|73|-91|\n||$ -168|$ -407|$ -462|\n", "NOTE 13: RESTRICTED STOCK, STOCK OPTIONS AND OTHER STOCK PLANS Prior to 2002, our Company accounted for our stock option plans and restricted stock plans under the recognition and measurement provisions of APB No.25 and related interpretations.", "Effective January 1, 2002, our Company adopted the preferable fair value recognition provisions of SFAS No.123.", "Our Company selected the modified prospective method of adoption described in SFAS No.148.", "Compensation cost recognized in 2002 was the same as that which would have been recognized had the fair value method of SFAS No.123 been applied from its original effective date.", "Refer to Note 1.", "In accordance with the provisions of SFAS No.123 and SFAS No.148, $422 million and $365 million, respectively, were recorded for total stock-based compensation expense in 2003 and 2002.", "Of the $422 million recorded in 2003, $407 million was recorded in selling, general and administrative expenses and $15 million was recorded in other operating charges (refer to Note 17).", "In accordance with APB No.25, total stock-based compensation expense was $41 million for the year ended December 31, 2001.", "Stock Option Plans Under our 1991 Stock Option Plan (the ‘‘1991 Option Plan’’), a maximum of 120 million shares of our common stock was approved to be issued or transferred to certain officers and employees pursuant to stock options and stock appreciation rights granted under the 1991 Option Plan.", "The stock appreciation rights permit the holder, upon surrendering all or part of the related stock option, to receive cash, common stock or a combination thereof, in an amount up to 100 percent of the difference between the market price and the option price.", "Options to purchase common stock under the 1991 Option Plan have been granted to Company employees at fair market value at the date of grant.", "The 1999 Stock Option Plan (the ‘‘1999 Option Plan’’) was approved by share owners in April of 1999.", "Following the approval of the 1999 Option Plan, no grants were made from the 1991 Option Plan, and shares available under the 1991 Option Plan were no longer available to be granted.", "Under the 1999 Option Plan, a maximum of 120 million shares of our common stock was approved to be issued or transferred to certain officers and employees pursuant to stock options granted under the 1999 Option Plan.", "Options to purchase common stock under the 1999 Option Plan have been granted to Company employees at fair market value at the date of grant.", "The 2002 Stock Option Plan (the ‘‘2002 Option Plan’’) was approved by share owners in April of 2002.", "Under the 2002 Option Plan, a maximum of 120 million shares of our common stock was approved to be issued or transferred to certain officers and employees pursuant to stock options granted under the 2002 Option Plan.", "2011 compared to 2010 MST’s net sales for 2011 decreased $311 million, or 4%, compared to 2010.", "The decrease was attributable to decreased volume of approximately $390 million for certain ship and aviation system programs (primarily Maritime Patrol Aircraft and PTDS) and approximately $75 million for training and logistics solutions programs.", "Partially offsetting these decreases was higher sales of about $165 million from production on the LCS program.", "MST’s operating profit for 2011 decreased $68 million, or 10%, compared to 2010.", "The decrease was attributable to decreased operating profit of approximately $55 million as a result of increased reserves for contract cost matters on various ship and aviation system programs (including the terminated presidential helicopter program) and approximately $40 million due to lower volume and increased reserves on training and logistics solutions.", "Partially offsetting these decreases was higher operating profit of approximately $30 million in 2011 primarily due to the recognition of reserves on certain undersea systems programs in 2010.", "Adjustments not related to volume, including net profit rate adjustments described above, were approximately $55 million lower in 2011 compared to 2010.", "Backlog Backlog increased in 2012 compared to 2011 mainly due to increased orders on ship and aviation system programs (primarily MH-60 and LCS), partially offset decreased orders and higher sales volume on integrated warfare systems and sensors programs (primarily Aegis).", "Backlog decreased slightly in 2011 compared to 2010 primarily due to higher sales volume on various integrated warfare systems and sensors programs.", "Trends We expect MST’s net sales to decline in 2013 in the low single digit percentage range as compared to 2012 due to the completion of PTDS deliveries in 2012 and expected lower volume on training services programs.", "Operating profit and margin are expected to increase slightly from 2012 levels primarily due to anticipated improved contract performance.", "Space Systems Our Space Systems business segment is engaged in the research and development, design, engineering, and production of satellites, strategic and defensive missile systems, and space transportation systems.", "Space Systems is also responsible for various classified systems and services in support of vital national security systems.", "Space Systems’ major programs include the Space-Based Infrared System (SBIRS), Advanced Extremely High Frequency (AEHF) system, Mobile User Objective System (MUOS), Global Positioning Satellite (GPS) III system, Geostationary Operational Environmental Satellite R-Series (GOES-R), Trident II D5 Fleet Ballistic Missile, and Orion.", "Operating results for our Space Systems business segment include our equity interests in United Launch Alliance (ULA), which provides expendable launch services for the U. S.  Government, United Space Alliance (USA), which provided processing activities for the Space Shuttle program and is winding down following the completion of the last Space Shuttle mission in 2011, and a joint venture that manages the U. K. ’s Atomic Weapons Establishment program.", "Space Systems’ operating results included the following (in millions):", "||2012|2011|2010|\n|Net sales|$8,347|$8,161|$8,268|\n|Operating profit|1,083|1,063|1,030|\n|Operating margins|13.0%|13.0%|12.5%|\n|Backlog at year-end|18,100|16,000|17,800|\n", "2012 compared to 2011 Space Systems’ net sales for 2012 increased $186 million, or 2%, compared to 2011.", "The increase was attributable to higher net sales of approximately $150 million due to increased commercial satellite deliveries (two commercial satellites delivered in 2012 compared to one during 2011); about $125 million from the Orion program due to higher volume and an increase in risk retirements; and approximately $70 million from increased volume on various strategic and defensive missile programs.", "Partially offsetting the increases were lower net sales of approximately $105 million from certain government satellite programs (primarily SBIRS and MUOS) as a result of decreased volume and a decline in risk retirements; and about $55 million from the NASA External Tank program, which ended in connection with the completion of the Space Shuttle program in 2011."], "table_evidence": [42], "paragraph_evidence": [-1], "source": "multihiertt", "original_question_id": "6a5402d465db486ca07f124a9c8f2b11"}
{"question": "what is the total amount amortized to revenue in the last three years , ( in millions ) ?", "python_solution": "def solution():\n    # Define variables\n    amortized_2009 = 53\n    amortized_2008 = 76\n    amortized_2007 = 50\n    \n    # Calculate the total amount amortized to revenue\n    answer = amortized_2009 + amortized_2008 + amortized_2007\n\n    return answer", "ground_truth": 179.0, "question_id": "simplong-testmini-96", "paragraphs": ["Entergy Corporation and Subsidiaries Notes to Financial Statements", "||Amount (In Millions)|\n|Plant (including nuclear fuel)|$727|\n|Decommissioning trust funds|252|\n|Other assets|41|\n|Total assets acquired|1,020|\n|Purchased power agreement (below market)|420|\n|Decommissioning liability|220|\n|Other liabilities|44|\n|Total liabilities assumed|684|\n|Net assets acquired|$336|\n", "Subsequent to the closing, Entergy received approximately $6 million from Consumers Energy Company as part of the Post-Closing Adjustment defined in the Asset Sale Agreement.", "The Post-Closing Adjustment amount resulted in an approximately $6 million reduction in plant and a corresponding reduction in other liabilities.", "For the PPA, which was at below-market prices at the time of the acquisition, Non-Utility Nuclear will amortize a liability to revenue over the life of the agreement.", "The amount that will be amortized each period is based upon the difference between the present value calculated at the date of acquisition of each year's difference between revenue under the agreement and revenue based on estimated market prices.", "Amounts amortized to revenue were $53 million in 2009, $76 million in 2008, and $50 million in 2007.", "The amounts to be amortized to revenue for the next five years will be $46 million for 2010, $43 million for 2011, $17 million in 2012, $18 million for 2013, and $16 million for 2014.", "NYPA Value Sharing Agreements Non-Utility Nuclear's purchase of the FitzPatrick and Indian Point 3 plants from NYPA included value sharing agreements with NYPA.", "In October 2007, Non-Utility Nuclear and NYPA amended and restated the value sharing agreements to clarify and amend certain provisions of the original terms.", "Under the amended value sharing agreements, Non-Utility Nuclear will make annual payments to NYPA based on the generation output of the Indian Point 3 and FitzPatrick plants from January 2007 through December 2014.", "Non-Utility Nuclear will pay NYPA $6.59 per MWh for power sold from Indian Point 3, up to an annual cap of $48 million, and $3.91 per MWh for power sold from FitzPatrick, up to an annual cap of $24 million.", "The annual payment for each year's output is due by January 15 of the following year.", "Non-Utility Nuclear will record its liability for payments to NYPA as power is generated and sold by Indian Point 3 and FitzPatrick.", "An amount equal to the liability will be recorded to the plant asset account as contingent purchase price consideration for the plants.", "In 2009, 2008, and 2007, Non-Utility Nuclear recorded $72 million as plant for generation during each of those years.", "This amount will be depreciated over the expected remaining useful life of the plants.", "In August 2008, Non-Utility Nuclear entered into a resolution of a dispute with NYPA over the applicability of the value sharing agreements to its FitzPatrick and Indian Point 3 nuclear power plants after the planned spin-off of the Non-Utility Nuclear business.", "Under the resolution, Non-Utility Nuclear agreed not to treat the separation as a \"Cessation Event\" that would terminate its obligation to make the payments under the value sharing agreements.", "As a result, after the spin-off transaction, Enexus will continue to be obligated to make payments to NYPA under the amended and restated value sharing agreements.", "NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) (Dollar amounts in thousands except per share data) Note 11—Shareholders’ Equity Share Data: A summary of preferred and common share activity is as follows:", "|| Preferred Stock |Common Stock|\n|| Issued | Treasury Stock |Issued|Treasury Stock|\n|2004:|||||\n|Balance at January 1, 2004|-0-|-0-|113,783,658|-1,069,053|\n|Issuance of common stock due to exercise of stock options||||763,592|\n|Treasury stock acquired||||-5,534,276|\n|Retirement of treasury stock|||-5,000,000|5,000,000|\n|Balance at December 31, 2004|-0-|-0-|108,783,658|-839,737|\n|2005:|||||\n|Issuance of common stock due to exercise of stock options|||91,090|5,835,740|\n|Treasury stock acquired||||-10,301,852|\n|Retirement of treasury stock|||-4,000,000|4,000,000|\n|Balance at December 31, 2005|-0-|-0-|104,874,748|-1,305,849|\n|2006:|||||\n|Grants of restricted stock||||28,000|\n|Issuance of common stock due to exercise of stock options||||507,259|\n|Treasury stock acquired||||-5,989,531|\n|Retirement of treasury stock|||-5,000,000|5,000,000|\n|Balance at December 31, 2006|-0-|-0-|99,874,748|-1,760,121|\n", "Acquisition of Common Shares: Torchmark shares are acquired from time to time through open market purchases under the Torchmark stock repurchase program when it is believed to be the best use of Torchmark’s excess cash flows.", "Share repurchases under this program were 5.6 million shares at a cost of $320 million in 2006, 5.6 million shares at a cost of $300 million in 2005, and 5.2 million shares at a cost of $268 million in 2004.", "When stock options are exercised, proceeds from the exercises are generally used to repurchase approximately the number of shares available with those funds, in order to reduce dilution.", "Shares repurchased for dilution purposes were 415 thousand shares at a cost of $24 million in 2006, 4.7 million shares costing $255 million in 2005, and 313 thousand shares at a cost of $17 million in 2004.", "Retirement of Treasury Stock: Torchmark retired 5 million shares of treasury stock in December, 2006, 4 million in 2005, and 5 million in 2004.", "Restrictions: Restrictions exist on the flow of funds to Torchmark from its insurance subsidiaries.", "Statutory regulations require life insurance subsidiaries to maintain certain minimum amounts of capital and surplus.", "Dividends from insurance subsidiaries of Torchmark are limited to the greater of statutory net gain from operations, excluding capital gains and losses, on an annual noncumulative basis, or 10% of surplus, in the absence of special regulatory approval.", "Additionally, insurance company distributions are generally not permitted in excess of statutory surplus.", "Subsidiaries are also subject to certain minimum capital requirements.", "In 2006, subsidiaries of Torchmark paid $428 million in dividends to the parent company.", "During 2007, a maximum amount of $434 million is expected to be available to Torchmark from subsidiaries without regulatory approval.", "PART I ITEM 1.  BUSINESS General SL Green Realty Corp.  is a self-managed real estate investment trust, or REIT, with in-house capabilities in property management, acquisitions, financing, development, construction and leasing.", "We were formed in June 1997 for the purpose of continuing the commercial real estate business of S. L.  Green Properties, Inc. , our predecessor entity.", "S. L.  Green Properties, Inc. , which was founded in 1980 by Stephen L.  Green, the Company's Chairman, had been engaged in the business of owning, managing, leasing, acquiring and repositioning office properties in Manhattan, a borough of New York City.", "Reckson Associates Realty Corp. , or Reckson, and Reckson Operating Partnership, L. P. , or ROP, are wholly-owned subsidiaries of SL Green Operating Partnership, L. P. , the Operating Partnership.", "As of December 31, 2013, we owned the following interests in commercial office properties in the New York Metropolitan area, primarily in midtown Manhattan.", "Our investments in the New York Metropolitan area also include investments in Brooklyn, Long Island, Westchester County, Connecticut and Northern New Jersey, which are collectively known as the Suburban properties:", "|Location|Ownership|Number ofBuildings|Square Feet|Weighted AverageOccupancy-1|\n|Manhattan|Consolidated properties|23|17,306,045|94.5%|\n||Unconsolidated properties|9|5,934,434|96.6%|\n|Suburban|Consolidated properties|26|4,087,400|79.8%|\n||Unconsolidated properties|4|1,222,100|87.2%|\n|||62|28,549,979|92.5%|\n", "(1) The weighted average occupancy represents the total occupied square feet divided by total available rentable square feet.", "As of December 31, 2013, our Manhattan office properties were comprised of 17 fee owned buildings, including ownership in commercial condominium units, and six leasehold owned buildings.", "As of December 31, 2013, our Suburban office properties were comprised of 25 fee owned buildings and one leasehold building.", "As of December 31, 2013, we also held fee owned interests in nine unconsolidated Manhattan office properties and four unconsolidated Suburban office properties.", "We refer to our consolidated and unconsolidated Manhattan and Suburban office properties collectively as our Portfolio.", "As of December 31, 2013, we also owned investments in 16 retail properties encompassing approximately 875,800 square feet, 20 development buildings encompassing approximately 3,230,800 square feet, four residential buildings encompassing 801 units (approximately 719,900 square feet) and two land interests encompassing approximately 961,400 square feet.", "The Company also has ownership interests in 28 west coast office properties encompassing 52 buildings totaling approximately 3,654,300 square feet.", "In addition, we manage two office buildings owned by third parties and affiliated companies encompassing approximately 626,400 square feet.", "As of December 31, 2013, we also held debt and preferred equity investments with a book value of $1.3 billion.", "Our corporate offices are located in midtown Manhattan at 420 Lexington Avenue, New York, New York 10170.", "As of December 31, 2013, our corporate staff consisted of approximately 278 persons, including 182 professionals experienced in all aspects of commercial real estate.", "We can be contacted at (212) 594-2700.", "We maintain a website at www.", "slgreen.", "com.", "On our website, you can obtain, free of charge, a copy of our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended, as soon as reasonably practicable after we file such material electronically with, or furnish it to, the Securities and Exchange Commission, or the SEC.", "We have also made available on our website our audit committee charter, compensation committee charter, nominating and corporate governance committee charter, code of business conduct and ethics and corporate governance principles.", "We do not intend for information contained on our website to be part of this annual report on Form 10-K.  You can also read and copy any materials we file with the SEC at its Public Reference Room at 100 F Street, NE, Washington, DC 20549 (1-800-SEC-0330).", "The SEC maintains an Internet site (http://www.", "sec.", "gov) that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC.", "Operating Profit We consider operating profit to be an important measure for evaluating our operating performance and we evaluate operating profit for each of the reportable business segments in which we operate.", "We internally manage our operations by reference to operating profit with economic resources allocated primarily based on each segment’s contribution to operating profit.", "Segment operating profit is defined as operating profit before Corporate Unallocated.", "Segment operating profit is not, however, a measure of financial performance under U. S.  GAAP, and may not be defined and calculated by other companies in the same manner.", "The table below reconciles segment operating profit to total operating profit:"], "table_evidence": [-1], "paragraph_evidence": [6], "source": "multihiertt", "original_question_id": "ef72ff1aeae1447cb0edeb4c1af52f8c"}
{"question": "what will be the percentage increase in rent expense from 2013 to 2014?", "python_solution": "def solution():\n    # Define variables name and value\n    rent_expense_2013 = 94\n    rent_expense_2014 = 100\n    \n    # Do math calculation to get the answer\n    increase_amount = rent_expense_2014 - rent_expense_2013\n    answer = (increase_amount / rent_expense_2013) * 100\n    \n    return answer", "ground_truth": 6.382978723404255, "question_id": "simplong-testmini-97", "paragraphs": ["Incurred Losses and LAE.", "The following table presents the incurred losses and LAE for the U. S.  Reinsurance segment for the periods indicated.", "||Years Ended December 31,||\n|(Dollars in millions)|Current Year|Ratio %/ Pt Change|Prior Years|Ratio %/ Pt Change|Total Incurred|Ratio %/ Pt Change|\n|2016||||||||||\n|Attritional|$1,096.0|52.9%||$-126.4|-6.1%||$969.7|46.8%||\n|Catastrophes|134.1|6.5%||-35.3|-1.7%||98.8|4.8%||\n|Total segment|$1,230.1|59.4%||$-161.6|-7.8%||$1,068.5|51.6%||\n|2015||||||||||\n|Attritional|$940.6|48.2%||$-123.1|-6.3%||$817.5|41.9%||\n|Catastrophes|16.7|0.9%||-9.2|-0.5%||7.6|0.4%||\n|Total segment|$957.4|49.1%||$-132.3|-6.8%||$825.1|42.3%||\n|2014||||||||||\n|Attritional|$933.3|47.0%||$24.5|1.2%||$957.8|48.2%||\n|Catastrophes|12.5|0.6%||-15.8|-0.8%||-3.3|-0.2%||\n|Total segment|$945.8|47.6%||$8.7|0.4%||$954.5|48.0%||\n|Variance 2016/2015||||||||||\n|Attritional|$155.4|4.7|pts|$-3.3|0.2|pts|$152.2|4.9|pts|\n|Catastrophes|117.4|5.6|pts|-26.1|-1.2|pts|91.2|4.4|pts|\n|Total segment|$272.8|10.3|pts|$-29.4|-1.0|pts|$243.4|9.3|pts|\n|Variance 2015/2014||||||||||\n|Attritional|$7.3|1.2|pts|$-147.6|-7.5|pts|$-140.3|-6.3|pts|\n|Catastrophes|4.2|0.3|pts|6.6|0.3|pts|10.9|0.6|pts|\n|Total segment|$11.6|1.5|pts|$-141.0|-7.2|pts|$-129.4|-5.7|pts|\n|(Some amounts may not reconcile due to rounding.)|||||||||\n", "Incurred losses increased by 29.5% to $1,068.5 million in 2016 compared to $825.1 million in 2015, primarily due to an increase of $155.4 million in current year attritional losses, resulting mainly from the impact of the increase in premiums earned and the impact of the new crop reinsurance contract effective upon the sale of Heartland, and $117.4 million in current year catastrophe losses.", "The $126.4 million of favorable prior years attritional loss development in 2016 is primarily due to U.", "S property and marine business, partially offset by $47.1 million of adverse development on A&E reserves.", "There was also an increase in favorable development of $26.1 million on prior years’ catastrophe losses in 2016 compared to 2015.", "The $35.3 million of favorable development on prior years catastrophes in 2016 mainly related to the 2011 Japan earthquake ($15.5 million), the 2015 U. S.  storms ($11.6 million) and the 2013 U. S.  storms ($9.6 million).", "The $134.1 million of current year catastrophe losses in 2016 related to Hurricane Matthew ($86.2 million), the 2016 U. S.  storms ($20.4 million), 2016 Tennessee wildfire ($14.7 million) and Hurricane Hermine ($13.5 million).", "The $16.7 million of current year catastrophe losses in 2015 were mainly due to the US storms ($16.2 million).", "Incurred losses decreased by 13.6% to $825.1 million in 2015 compared to $954.5 million in 2014, primarily due to an increase in favorable development of $147.6 million on prior year attritional losses in 2015 compared to 2014 related to treaty property, treaty casualty, marine lines of business and less year over year development on A&E reserves.", "This favorable development was partially offset by the increase in current year attritional losses of $7.3 million resulting primarily from $14.2 million related to the explosion at the Chinese port of Tianjin.", "Current year catastrophe losses for 2015 are outlined above.", "The $12.5 million of current year catastrophe losses in 2014 related to the Japan snowstorm ($7.8 million) and Hurricane Odile ($4.7 million).", "Segment Expenses.", "Commission and brokerage expenses decreased by 5.5% to $466.0 million in 2016 compared to $493.3 million in 2015.", "The decrease is mainly due to the impact of the new crop reinsurance contract effective upon the sale of Heartland, the impact of quota share contracts and changes in the mix of business.", "Segment other underwriting expenses increased to $54.1 million in 2016 from $50.1 million in 2015.", "The increase was primarily due to the impact of changes in the mix of business and higher compensation costs", "The following table displays the estimated components of net earned but not reported premiums by segment for the periods indicated.", "||At December 31,|\n|(Dollars in millions)|2018|2017|2016|\n|U.S. Reinsurance|$592.9|$354.3|$385.5|\n|International|330.6|275.2|235.4|\n|Bermuda|439.5|270.3|258.4|\n|Total|$1,362.9|$899.8|$879.3|\n|(Some amounts may not reconcile due to rounding.)||||\n", "Investment Valuation.", "Our fixed income investments are classified for accounting purposes as available for sale and are carried at market value or fair value in our consolidated balance sheets.", "Our equity securities are all carried at fair value, as of January 1, 2018, due to the adoption of ASU 2016-01.", "Most securities we own are traded on national exchanges where market values are readily available.", "Some of our commercial mortgage-backed securities (“CMBS”) are valued using cash flow models and risk-adjusted discount rates.", "We hold some privately placed securities, less than 2.9% of the portfolio, that are either valued by brokers or investment advisors.", "In most instances, values provided by an investment advisor are supported with opinions from qualified independent third parties.", "In limited circumstances when broker or investment advisor prices are not available for a private placement, we will value the securities using comparable market information.", "At December 31, 2018 and 2017, our investment portfolio included $1,427.8 million and $1,074.6 million, respectively, of limited partnership investments whose values are reported pursuant to the equity method of accounting.", "We carry these investments at values provided by the managements of the limited partnerships and due to inherent reporting lags, the carrying values are based on values with “as of” dates from one month to one quarter prior to our financial statement date.", "At December 31, 2018, we had net unrealized losses, net of tax, of $179.4 million compared to unrealized gains, net of tax, of $50.0 million at December 31, 2017.", "Gains and losses from market fluctuations for investments held at market value are reflected as comprehensive income (loss) in the consolidated balance sheets.", "Gains and losses from market fluctuations for investments held at fair value are reflected as net realized capital gains and losses in the consolidated statements of operations and comprehensive income (loss).", "Market value declines for the fixed income portfolio, which are considered credit other-than\u0002temporary impairments, are reflected in our consolidated statements of operations and comprehensive income (loss), as realized capital losses.", "We consider many factors when determining whether a market value decline is other-than-temporary, including: (1) we have no intent to sell and, more likely than not, will not be required to sell prior to recovery, (2) the length of time the market value has been below book value, (3) the credit strength of the issuer, (4) the issuer’s market sector, (5) the length of time to maturity and (6) for asset-backed securities, changes in prepayments, credit enhancements and underlying default rates.", "If management’s assessments change in the future, we may ultimately record a realized loss after management originally concluded that the decline in value was temporary.", "See also ITEM 8, “Financial Statements and Supplementary Data” - Note 1 of Notes to the Consolidated Financial Statements.", "FINANCIAL CONDITION Cash and Invested Assets.", "Aggregate invested assets, including cash and short-term investments, were $18,433.1 million at December 31, 2018, a decrease of $193.5 million compared to $18,626.5 million at December 31, 2017.", "This decrease was primarily the result of $329.4 million in fair value re\u0002measurements, $250.9 million of pre-tax unrealized depreciation, $216.2 million paid out in dividends to shareholders, $143.1 million due to fluctuations in foreign currencies, repurchases of 0.3 million common shares for $75.3 million and $8.1 million of other-than-temporary impairments, partially offset by $610.1 million of cash flows from operations, $102.1 million in equity adjustments of our limited partnership investments, $46.1 million of unsettled securities and $29.3 million of amortization bond premium.", "Our principal investment objectives are to ensure funds are available to meet our insurance and reinsurance obligations and to maximize after-tax investment income while maintaining a high quality diversified investment portfolio.", "Considering these objectives, we view our investment portfolio as having two components: 1) the investments needed to satisfy outstanding liabilities (our core fixed maturities portfolio) and 2) investments funded by our shareholders’ equity.", "VISA INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) September 30, 2013 market condition is based on the Company’s total shareholder return ranked against that of other companies that are included in the Standard & Poor’s 500 Index.", "The fair value of the performance\u0002based shares, incorporating the market condition, is estimated on the grant date using a Monte Carlo simulation model.", "The grant-date fair value of performance-based shares in fiscal 2013, 2012 and 2011 was $164.14, $97.84 and $85.05 per share, respectively.", "Earned performance shares granted in fiscal 2013 and 2012 vest approximately three years from the initial grant date.", "Earned performance shares granted in fiscal 2011 vest in two equal installments approximately two and three years from their respective grant dates.", "All performance awards are subject to earlier vesting in full under certain conditions.", "Compensation cost for performance-based shares is initially estimated based on target performance.", "It is recorded net of estimated forfeitures and adjusted as appropriate throughout the performance period.", "At September 30, 2013, there was $15 million of total unrecognized compensation cost related to unvested performance-based shares, which is expected to be recognized over a weighted-average period of approximately 1.0 years.", "Note 17—Commitments and Contingencies Commitments.", "The Company leases certain premises and equipment throughout the world with varying expiration dates.", "The Company incurred total rent expense of $94 million, $89 million and $76 million in fiscal 2013, 2012 and 2011, respectively.", "Future minimum payments on leases, and marketing and sponsorship agreements per fiscal year, at September 30, 2013, are as follows:", "|(in millions)|2014|2015|2016|2017|2018|Thereafter|Total|\n|Operating leases|$100|$77|$43|$35|$20|$82|$357|\n|Marketing and sponsorships|116|117|61|54|54|178|580|\n|Total|$216|$194|$104|$89|$74|$260|$937|\n", "Select sponsorship agreements require the Company to spend certain minimum amounts for advertising and marketing promotion over the life of the contract.", "For commitments where the individual years of spend are not specified in the contract, the Company has estimated the timing of when these amounts will be spent.", "In addition to the fixed payments stated above, select sponsorship agreements require the Company to undertake marketing, promotional or other activities up to stated monetary values to support events which the Company is sponsoring.", "The stated monetary value of these activities typically represents the value in the marketplace, which may be significantly in excess of the actual costs incurred by the Company.", "Client incentives.", "The Company has agreements with financial institution clients and other business partners for various programs designed to build payments volume, increase Visa-branded card and product acceptance and win merchant routing transactions.", "These agreements, with original terms ranging from one to thirteen years, can provide card issuance and/or conversion support, volume/growth targets and marketing and program support based on specific performance requirements.", "These agreements are designed to encourage client business and to increase overall Visa-branded payment and transaction volume, thereby reducing per-unit transaction processing costs and increasing brand awareness for all Visa clients.", "Payments made that qualify for capitalization, and obligations incurred under these programs are reflected on the consolidated balance sheet.", "Client incentives are recognized primarily as a reduction"], "table_evidence": [56], "paragraph_evidence": [49, 54], "source": "multihiertt", "original_question_id": "11e82cf7ec6d4e1d90094952201201e7"}
{"question": "what percentage where north american consumer packaging net sales of total consumer packaging sales in 2012?", "python_solution": "def solution():\n    # Define variables name and value\n    north_american_consumer_packaging_sales = 2000\n    total_consumer_packaging_sales = 3170\n    \n    # Do math calculation to get the answer\n    answer = (north_american_consumer_packaging_sales / total_consumer_packaging_sales) * 100\n    \n    return answer", "ground_truth": 63.09148264984227, "question_id": "simplong-testmini-98", "paragraphs": ["NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OF AMERICAN AIRLINES GROUP INC.", "|| Pension Benefits| Retiree Medical and Other Postretirement Benefits|\n|| 2015| 2014| 2015| 2014|\n|For plans with accumulated benefit obligations exceeding the fair value of plan assets:|||||\n|Projected benefit obligation (PBO)|$16,369|$17,560|$—|$—|\n|Accumulated benefit obligation (ABO)|16,357|17,548|—|—|\n|Accumulated postretirement benefit obligation (APBO)|—|—|1,129|1,324|\n|Fair value of plan assets|9,677|10,950|253|244|\n|ABO less fair value of plan assets|6,680|6,598|—|—|\n", "(1) At December 31, 2015, certain trust assets totaling approximately $24 million, were added to the retiree medical plan asset values that were previously offset against the benefit obligation.", "(2) The 2015 noncurrent liability does not include $17 million of other postretirement benefits or $1 million of prior service costs.", "The 2014 noncurrent liability does not include $18 million of other postretirement benefits or $2 million of prior service costs.", "The following tables provide the components of net periodic benefit cost (income) for the years ended December 31, 2015, 2014 and 2013 (in millions):", "||Pension Benefits|Retiree Medical and OtherPostretirement Benefits|\n||2015|2014|2013|2015|2014|2013|\n|Defined benefit plans:|||||||\n|Service cost|$2|$3|$3|$3|$1|$—|\n|Interest cost|737|746|654|50|61|50|\n|Expected return on assets|-851|-786|-720|-19|-19|-16|\n|Curtailments|—|—|2|—|—|—|\n|Settlements|1|4|-1|—|—|—|\n|Amortization of:|||||||\n|Prior service cost (benefit) (1)|28|28|28|-243|-244|-251|\n|Unrecognized net loss (gain)|112|43|90|-9|-8|-9|\n|Net periodic benefit cost (income) for defined benefit plans|29|38|56|-218|-209|-226|\n|Defined contribution plans|662|546|328|N/A|N/A|N/A|\n||$691|$584|$384|$-218|$-209|$-226|\n", "(1) The 2015 prior service cost does not include amortization of $3 million related to other postretirement benefits.", "The 2014 prior service cost does not include amortization of $14 million related to other postretirement benefits.", "The estimated amount of unrecognized net loss for the defined benefit pension plans that will be amortized from accumulated other comprehensive income (loss) into net periodic benefit cost over the next fiscal year is $126 million.", "The estimated amount of unrecognized net gain for the retiree medical and other postretirement plans that will be amortized from accumulated other comprehensive income (loss) into net periodic benefit cost over the next fiscal year is $16 million.", "Table of Contents The components of total net special charges (credits) in our accompanying consolidated statements of operations are as follows (in millions):", "||Year Ended December 31,|\n|2015| 2014|2013|\n|Other revenue special item, net -1|$—|$—|$-31|\n|Mainline operating special items, net -2|1,051|800|559|\n|Regional operating special items, net -3|29|24|8|\n|Nonoperating special items, net -4|594|132|211|\n|Reorganization items, net -5|—|—|2,655|\n|Income tax special items, net -6|-3,015|346|-324|\n|Total|$-1,341|$1,302|$3,078|\n", "(1) In 2013, other revenue special item, net included a credit to other revenues related to a change in accounting method resulting from the modification of American’s AAdvantage miles agreement with Citibank.", "(2) In 2015, mainline operating special items, net principally included $1.0 billion of merger integration expenses related to information technology, alignment of labor union contracts, professional fees, severance, share-based compensation, fleet restructuring, re-branding of aircraft and airport facilities, relocation and training.", "In 2014, mainline operating special items, net principally included $810 million of merger integration expenses related to information technology, alignment of labor union contracts, professional fees, severance and retention, share-based compensation, divestiture of London Heathrow slots, fleet restructuring, re-branding of aircraft and airport facilities, relocation and training.", "In addition, we recorded a net charge of $81 million for bankruptcy related items principally consisting of fair value adjustments for bankruptcy settlement obligations and an $81 million charge to revise prior estimates of certain aircraft residual values and other spare parts asset impairments.", "These charges were offset in part by a $309 million gain on the sale of slots at DCA.", "In 2013, mainline operating special items, net included $443 million of merger related expenses related to the alignment of labor union contracts, professional fees, severance, share-based compensation and fees for US Airways to exit the Star Alliance and its codeshare agreement with United Airlines.", "In addition, we recorded a $107 million charge related to American’s pilot long-term disability obligation, a $43 million charge for workers’ compensation claims and a $33 million aircraft impairment charge.", "These charges were offset in part by a $67 million gain on the sale of slots at LGA.", "(3) The 2015 regional operating special items, net principally related to merger integration expenses.", "The 2014 regional operating special items, net consisted primarily of a $24 million charge due to a new pilot labor contract at our Envoy regional subsidiary as well as $7 million of merger integration expenses, offset in part by an $8 million gain on the sale of certain spare parts.", "(4) In 2015, nonoperating special items, net principally included a $592 million charge to write off all of the value of Venezuelan bolivars held by us due to continued lack of repatriations and deterioration of economic conditions in Venezuela.", "In 2014, nonoperating special items, net principally included a $43 million charge for Venezuelan foreign currency losses, $56 million of early debt extinguishment costs primarily related to the prepayment of 7.50% senior secured notes and other indebtedness and $33 million of non-cash interest accretion on bankruptcy settlement obligations.", "In 2013, nonoperating special items, net consisted of interest charges of $138 million primarily to recognize post-petition interest expense on unsecured obligations pursuant to the Plan and penalty interest related to 10.5% secured notes and 7.50% senior secured notes, a $54 million charge related to the premium on tender for existing EETC financings and the write-off of debt issuance costs and $19 million in charges related to the repayment of existing EETC financings.", "Table of Contents The components of American’s total net special charges (credits) included in American’s accompanying consolidated statements of operations are as follows (in millions):", "||Year Ended December 31,|\n||2015| 2014|2013|\n|Other revenue special item, net -1|$—|$—|$-31|\n|Mainline operating special items, net -2|1,051|783|559|\n|Regional operating special items, net -3|18|5|—|\n|Nonoperating special items, net -4|616|128|121|\n|Reorganization items, net -5|—|—|2,640|\n|Income tax special items, net -6|-3,468|344|-324|\n|Total|$-1,783|$1,260|$2,965|\n", "(1) In 2013, other revenue special item, net included a credit to other revenues related to a change in accounting method resulting from the modification of American’s AAdvantage miles agreement with Citibank.", "(2) In 2015, mainline operating special items, net principally included $1.0 billion of merger integration expenses related to information technology, alignment of labor union contracts, professional fees, severance, share-based compensation, fleet restructuring, re-branding of aircraft and airport facilities, relocation and training.", "In 2014, mainline operating special items, net principally included $803 million of merger integration expenses related to information technology, alignment of labor union contracts, professional fees, severance and retention, share-based compensation, divestiture of London Heathrow slots, fleet restructuring, re-branding of aircraft and airport facilities, relocation and training.", "In addition, American recorded a net charge of $60 million for bankruptcy related items principally consisting of fair value adjustments for bankruptcy settlement obligations and an $81 million charge to revise prior estimates of certain aircraft residual values and other spare parts asset impairments.", "These charges were offset in part by a $309 million gain on the sale of slots at DCA.", "In 2013, mainline operating special items, net principally included $443 million of merger related expenses related to the alignment of labor union contracts, professional fees, severance, share-based compensation and fees for US Airways to exit the Star Alliance and its codeshare agreement with United Airlines.", "In addition,American recorded a $107 million charge related to American’s pilot long-term disability obligation, a $43 million charge for workers’ compensation claims and a $33 million aircraft impairment charge.", "These charges were offset in part by a $67 million gain on the sale of slots at LGA.", "(3) The 2015 and 2014 regional operating special items, net principally related to merger integration expenses.", "(4) In 2015, nonoperating special items, net principally included a $592 million charge to write off all of the value of Venezuelan bolivars held by American due to continued lack of repatriations and deterioration of economic conditions in Venezuela.", "In 2014, nonoperating special items, net principally included a $43 million charge for Venezuelan foreign currency losses, $56 million of early debt extinguishment costs primarily related to the prepayment of 7.50% senior secured notes and other indebtedness and $29 million of non-cash interest accretion on bankruptcy settlement obligations.", "In 2013, nonoperating special items, net consisted of interest charges of $48 million primarily to recognize post-petition interest expense on unsecured obligations pursuant to the Plan and penalty interest related to 10.5% secured notes and 7.50% senior secured notes, a $54 million charge related to the premium on tender for existing EETC financings and the write-off of debt issuance costs and $19 million in charges related to the repayment of existing EETC financings.", "(5) In 2013, American recognized reorganization expenses as a result of the filing of voluntary petitions for relief under Chapter 11.", "These amounts consisted primarily of estimated allowed claim amounts and professional fees.", "freesheet paper were higher in Russia, but lower in Europe reflecting weak economic conditions and market demand.", "Average sales price realizations for pulp decreased.", "Lower input costs for wood and purchased fiber were partially offset by higher costs for energy, chemicals and packaging.", "Freight costs were also higher.", "Planned maintenance downtime costs were higher due to executing a significant once-every-ten-years maintenance outage plus the regularly scheduled 18-month outage at the Saillat mill while outage costs in Russia and Poland were lower.", "Manufacturing operating costs were favor\u0002able.", "Entering 2013, sales volumes in the first quarter are expected to be seasonally weaker in Russia, but about flat in Europe.", "Average sales price realizations for uncoated freesheet paper are expected to decrease in Europe, but increase in Russia.", "Input costs should be higher in Russia, especially for wood and energy, but be slightly lower in Europe.", "No maintenance outages are scheduled for the first quarter.", "Indian Papers includes the results of Andhra Pradesh Paper Mills (APPM) of which a 75% interest was acquired on October 14, 2011.", "Net sales were $185 million in 2012 and $35 million in 2011.", "Operat\u0002ing profits were a loss of $16 million in 2012 and a loss of $3 million in 2011.", "Asian Printing Papers net sales were $85 mil\u0002lion in 2012, $75 million in 2011 and $80 million in 2010.", "Operating profits were improved from break\u0002even in past years to $1 million in 2012.", "U. S.  Pulp net sales were $725 million in 2012 compared with $725 million in 2011 and $715 million in 2010.", "Operating profits were a loss of $59 million in 2012 compared with gains of $87 million in 2011 and $107 million in 2010.", "Sales volumes in 2012 increased from 2011 primarily due to the start-up of pulp production at the Franklin mill in the third quarter of 2012.", "Average sales price realizations were significantly lower for both fluff pulp and market pulp.", "Input costs were lower, primarily for wood and energy.", "Freight costs were slightly lower.", "Mill operating costs were unfavorable primarily due to costs associated with the start-up of the Franklin mill.", "Planned maintenance downtime costs were lower.", "In the first quarter of 2013, sales volumes are expected to be flat with the fourth quarter of 2012.", "Average sales price realizations are expected to improve reflecting the realization of sales price increases for paper and tissue pulp that were announced in the fourth quarter of 2012.", "Input costs should be flat.", "Planned maintenance downtime costs should be about $9 million higher than in the fourth quarter of 2012.", "Manufacturing costs related to the Franklin mill should be lower as we continue to improve operations.", "Consumer Packaging Demand and pricing for Consumer Packaging prod\u0002ucts correlate closely with consumer spending and general economic activity.", "In addition to prices and volumes, major factors affecting the profitability of Consumer Packaging are raw material and energy costs, freight costs, manufacturing efficiency and product mix.", "Consumer Packaging net sales in 2012 decreased 15% from 2011 and 7% from 2010.", "Operating profits increased 64% from 2011 and 29% from 2010.", "Net sales and operating profits include the Shorewood business in 2011 and 2010.", "Exclud\u0002ing asset impairment and other charges associated with the sale of the Shorewood business, and facility closure costs, 2012 operating profits were 27% lower than in 2011, but 23% higher than in 2010.", "Benefits from lower raw material costs ($22 million), lower maintenance outage costs ($5 million) and other items ($2 million) were more than offset by lower sales price realizations and an unfavorable product mix ($66 million), lower sales volumes and increased market-related downtime ($22 million), and higher operating costs ($40 million).", "In addition, operating profits in 2012 included a gain of $3 million related to the sale of the Shorewood business while operating profits in 2011 included a $129 million fixed asset impairment charge for the North Ameri\u0002can Shorewood business and $72 million for other charges associated with the sale of the Shorewood business.", "|In millions|2012|2011|2010|\n|Sales|$3,170|$3,710|$3,400|\n|Operating Profit|268|163|207|\n", "North American Consumer Packaging net sales were $2.0 billion in 2012 compared with $2.5 billion in 2011 and $2.4 billion in 2010.", "Operating profits were $165 million ($162 million excluding a gain related to the sale of the Shorewood business) in 2012 compared with $35 million ($236 million excluding asset impairment and other charges asso\u0002ciated with the sale of the Shorewood business) in 2011 and $97 million ($105 million excluding facility closure costs) in 2010.", "Coated Paperboard sales volumes in 2012 were lower than in 2011 reflecting weaker market demand.", "Average sales price realizations were lower, primar\u0002ily for folding carton board.", "Input costs for wood increased, but were partially offset by lower costs for chemicals and energy.", "Planned maintenance down\u0002time costs were slightly lower.", "Market-related down\u0002time was about 113,000 tons in 2012 compared with about 38,000 tons in 2011."], "table_evidence": [78], "paragraph_evidence": [79, 55, 57, 58], "source": "multihiertt", "original_question_id": "73e5a61285a24255bb9c67aa68f2a100"}
{"question": "What's the current growth rate of Projected benefit obligation at beginning of year of Con Edison?", "python_solution": "def solution():\n    # Define variables name and value\n    con_edison_2015 = 15081\n    con_edison_2014 = 12197\n\n    # Do math calculation to get the answer\n    increase = con_edison_2015 - con_edison_2014\n    growth_rate = increase / con_edison_2014\n    \n    return growth_rate", "ground_truth": 0.2364515864556858, "question_id": "simplong-testmini-99", "paragraphs": ["(a) Relates to an increase in CECONY’s pension obligation of $45 million from a 1999 special retirement program.", "Funded Status The funded status at December 31, 2015, 2014 and 2013 was as follows:", "||Con Edison|CECONY|\n|(Millions of Dollars)|2015|2014|2013|2015|2014|2013|\n|CHANGE IN PROJECTED BENEFIT OBLIGATION|||||||\n|Projected benefit obligation at beginning of year|$15,081|$12,197|$13,406|$14,137|$11,429|$12,572|\n|Service cost – excluding administrative expenses|293|221|259|274|206|241|\n|Interest cost on projected benefit obligation|575|572|537|538|536|503|\n|Net actuarial (gain)/loss|-996|2,641|-1,469|-931|2,484|-1,388|\n|Plan amendments|—|6|—|—|—|—|\n|Benefits paid|-576|-556|-536|-536|-518|-499|\n|PROJECTED BENEFIT OBLIGATION AT END OF YEAR|$14,377|$15,081|$12,197|$13,482|$14,137|$11,429|\n|CHANGE IN PLAN ASSETS|||||||\n|Fair value of plan assets at beginning of year|$11,495|$10,755|$9,135|$10,897|$10,197|$8,668|\n|Actual return on plan assets|126|752|1,310|118|715|1,241|\n|Employer contributions|750|578|879|697|535|819|\n|Benefits paid|-576|-556|-536|-536|-518|-499|\n|Administrative expenses|-36|-34|-33|-35|-32|-32|\n|FAIR VALUE OF PLAN ASSETS AT END OF YEAR|$11,759|$11,495|$10,755|$11,141|$10,897|$10,197|\n|FUNDED STATUS|$-2,618|$-3,586|$-1,442|$-2,341|$-3,240|$-1,232|\n|Unrecognized net loss|$3,909|$4,888|$2,759|$3,704|$4,616|$2,617|\n|Unrecognized prior service costs|16|20|17|3|4|6|\n|Accumulated benefit obligation|12,909|13,454|11,004|12,055|12,553|10,268|\n", "The decrease in the pension plan’s projected benefit obligation (due primarily to increased discount rates) was the primary cause of the decreased pension liability at Con Edison and CECONY of $968 million and $899 million, respectively, compared with December 31, 2014.", "For Con Edison, this decrease in pension liability corresponds with a decrease to regulatory assets of $967 million for unrecognized net losses and unrecognized prior service costs associated with the Utilities consistent with the accounting rules for regulated operations, a credit to OCI of $10 million (net of taxes) for the unrecognized net losses, and an immaterial change to OCI (net of taxes) for the unrecognized prior service costs associated with the competitive energy businesses and O&R’s New Jersey and Pennsylvania utility subsidiaries.", "For CECONY, the decrease in pension liability corresponds with a decrease to regulatory assets of $911 million for unrecognized net losses and unrecognized prior service costs consistent with the accounting rules for regulated operations, a credit to OCI of $1 million (net of taxes) for unrecognized net losses, and an immaterial change to OCI (net of taxes) for the unrecognized prior service costs associated with the competitive energy businesses.", "A portion of the unrecognized net loss and prior service cost for the pension plan, equal to $603 million and $4 million, respectively, will be recognized from accumulated OCI and the regulatory asset into net periodic benefit cost over the next year for Con Edison.", "Included in these amounts are $570 million and $2 million, respectively, for CECONY.", "At December 31, 2015 and 2014, Con Edison’s investments include $243 million and $225 million, respectively, held in external trust accounts for benefit payments pursuant to the supplemental retirement plans.", "Included in these amounts for CECONY were $221 million and $208 million, respectively.", "See Note P.  The accumulated benefit obligations for the supplemental retirement plans for Con Edison and CECONY were $285 million and $249 million as of December 31, 2015 and $289 million and $250 million as of December 31, 2014, respectively", "Contract options in our defense businesses represent agreements to perform additional work beyond the products and services associated with firm contracts, if the customer exercises the option.", "These options are negotiated in conjunction with a firm contract and provide the terms under which the customer may elect to procure additional units or serv\u0002ices at a future date.", "Contract options in the Aerospace group represent options to purchase new aircraft and long-term agreements with fleet customers.", "We recognize options in backlog when the customer exercises the option and establishes a firm order.", "On December 31, 2009, the estimated potential value associated with these IDIQ contracts and contract options was approximately $17.6 billion, up from $16.8 billion at the end of 2008.", "This represents our estimate of the potential value we will receive.", "The actual amount of funding received in the future may be higher or lower.", "We expect to realize this value over the next 10 to 15 years.", "REVIEW OF OPERATING SEGMENTS AEROSPACE Review of 2009 vs.  2008", "| Year Ended December 31|2009|2008|Variance|\n|Revenues|$5,171|$5,512|$-341|-6.2%|\n|Operating earnings|707|1,021|-314|-30.8%|\n|Operating margin|13.7%|18.5%|||\n|Gulfstream aircraft deliveries (in units):|||||\n|Green|94|156|-62|-39.7%|\n|Completion|110|152|-42|-27.6%|\n", "The Aerospace group’s revenues decreased in 2009, the net result of a 24 percent decline in Gulfstream revenues that was offset in part by revenues from Jet Aviation, which we acquired in the fourth quarter of 2008.", "The combination of the global economic deterioration and credit crisis along with negative business-jet rhetoric had a significant impact on the business-jet market in 2009.", "To adjust to the economic conditions and weakened demand, we reduced Gulfstream’s 2009 aircraft production and delivery schedule, primarily in the group’s mid\u0002size models, to bridge the market downturn.", "This included a five-week furlough at the group’s production center in Savannah, Georgia, in July and August.", "As a result, aircraft-manufacturing revenues decreased 28 percent in 2009 compared with 2008.", "The economic environment also impacted the group’s aircraft services business.", "Organic aircraft\u0002services revenues were down 15 percent in 2009 resulting from reduced flying hours and customer deferral of aircraft maintenance.", "The decline in aircraft manufacturing and services revenues was slightly offset by higher pre-owned aircraft revenues in 2009.", "The group sold six pre-owned aircraft for $124 in 2009 compared with two sales for $18 in 2008.", "The group’s operating earnings declined in 2009 compared with 2008 due primarily to the factors noted above.", "The components of the reduction in earnings were as follows:", "|Aircraft manufacturing and completions|$-220|\n|Pre-owned aircraft|-18|\n|Aircraft services|1|\n|Other|-77|\n|Total decrease in operating earnings|$-314|\n", "The net decrease in the group’s aircraft manufacturing and comple\u0002tions earnings in 2009 resulted from the reduction in Gulfstream aircraft deliveries offset in part by the addition of Jet Aviation’s aircraft comple\u0002tions and refurbishing business.", "The earnings decline associated with the decreased Gulfstream volume was mitigated by cost-reduction initiatives, a shift in the mix of aircraft deliveries toward large-cabin aircraft, and liq\u0002uidated damages collected on defaulted aircraft contracts.", "As a result, aircraft manufacturing margins increased in 2009 over 2008 despite the decline in volume during the year.", "The group continues to focus on reduc\u0002ing costs through production improvements and operational efficiencies to maintain aircraft-manufacturing margins.", "In late 2008 and early 2009, the supply in the global pre-owned air\u0002craft market increased significantly, putting considerable pressure on pricing.", "As a result, the group wrote down the carrying value of its pre\u0002owned aircraft inventory in 2009.", "Pricing in the pre-owned market appears to have stabilized in the second half of 2009, particularly for large-cabin aircraft.", "The group continues to work to minimize its pre\u0002owned aircraft exposure, with four pre-owned aircraft valued at $60 remaining in inventory at the end of 2009.", "Aircraft services earnings were steady in 2009 compared with 2008 as the addition of Jet Aviation’s maintenance and repair activities, fixed\u0002base operations and aircraft management services offset a decrease in organic aircraft services earnings.", "A significant reduction in flight hours in the business-jet market put competitive pressure on aircraft mainte\u0002nance and repair earnings in 2009.", "The group’s operating earnings also were impacted negatively in 2009 by severance costs associated with workforce reduction activities and intangible asset amortization related to the Jet Aviation acquisition.", "The factors discussed above and the addition of lower-margin Jet Aviation business caused the group’s overall operating margins to decrease 480 basis points in 2009 compared with 2008.", "Overview Vornado Realty Trust (“Vornado”) is a fully-integrated real estate investment trust (“REIT”) and conducts its business through, and substantially all of its interests in properties are held by, Vornado Realty L. P. , a Delaware limited partnership (the “Operating Partnership”).", "Accordingly, Vornado’s cash flow and ability to pay dividends to its shareholders is dependent upon the cash flow of the Operating Partnership and the ability of its direct and indirect subsidiaries to first satisfy their obligations to creditors.", "Vornado is the sole general partner of, and owned approximately 93.5% of the common limited partnership interest in the Operating Partnership at December 31, 2011.", "All references to “we,” “us,” “our,” the “Company” and “Vornado” refer to Vornado Realty Trust and its consolidated subsidiaries, including the Operating Partnership.", "We own and operate office, retail and showroom properties (our “core” operations) with large concentrations of office and retail properties in the New York City metropolitan area and in the Washington, DC / Northern Virginia area.", "In addition, we have a 32.7% interest in Toys “R” Us, Inc.  (“Toys”) which has a significant real estate component, a 32.4% interest in Alexander’s, Inc.  (NYSE: ALX) (“Alexander’s”), which has seven properties in the greater New York metropolitan area, as well as interests in other real estate and related investments.", "Our business objective is to maximize shareholder value, which we measure by the total return provided to our shareholders.", "Below is a table comparing our performance to the Morgan Stanley REIT Index (“RMS”) and the SNL REIT Index (“SNL”) for the following periods ended December 31, 2011:", "| | Total Return-1|\n| | Vornado| RMS| SNL|\n|One-year|-4.6%|8.7%|8.3%|\n|Three-year|40.2%|79.6%|79.9%|\n|Five-year|-25.2%|-7.3%|-3.9%|\n|Ten-year|187.0%|163.2%|175.4%|\n|||||\n||||\n", "We intend to achieve our business objective by continuing to pursue our investment philosophy and executing our operating strategies through: ?", "Maintaining a superior team of operating and investment professionals and an entrepreneurial spirit; ?", "Investing in properties in select markets, such as New York City and Washington, DC, where we believe there is a high likelihood of capital appreciation; ?", "Acquiring quality properties at a discount to replacement cost and where there is a significant potential for higher rents; ?", "Investing in retail properties in select under-stored locations such as the New York City metropolitan area; ?", "Developing and redeveloping existing properties to increase returns and maximize value; and ?", "Investing in operating companies that have a significant real estate component.", "We expect to finance our growth, acquisitions and investments using internally generated funds, proceeds from possible asset sales and by accessing the public and private capital markets.", "We may also offer Vornado common or preferred shares or Operating Partnership units in exchange for property and may repurchase or otherwise reacquire these securities in the future.", "We compete with a large number of real estate property owners and developers, some of which may be willing to accept lower returns on their investments than we are.", "Principal factors of competition include rents charged, attractiveness of location, the quality of the property and the breadth and the quality of services provided.", "Our success depends upon, among other factors, trends of the national, regional and local economies, the financial condition and operating results of current and prospective tenants and customers, availability and cost of capital, construction and renovation costs, taxes, governmental regulations, legislation and population trends.", "See “Risk Factors” in Item 1A for additional information regarding these factors.", "Costs under the Transformational Cost Management Program, which were primarily recorded in selling, general and administrative expenses and included in the fiscal year ended August 31, 2019 were as follows (in millions):"], "table_evidence": [2], "paragraph_evidence": [1], "source": "multihiertt", "original_question_id": "57baff0736f34f068b43d16e41d27c8b"}