Other Variable Interest Entities Other consolidated VIEs primarily include investment vehicles, a collective investment fund, leveraged lease trusts and asset acquisition conduits.
Other unconsolidated VIEs primarily include investment vehicles and real estate vehicles.
The table below summarizes select information related to other VIEs in which the Corporation held a variable interest at December 31, 2010 and 2009.
## Table 0 ##
Investment Vehicles The Corporation sponsors, invests in or provides financing to a variety of investment vehicles that hold loans, real estate, debt securities or other financial instruments and are designed to provide the desired investment profile to investors.
At December 31, 2010 and 2009, the Corporation’s consolidated investment vehicles had total assets of $5.6 billion and $5.7 billion.
The Corporation also held investments in unconsolidated vehicles with total assets of $7.9 billion and $8.8 billion at December 31, 2010 and 2009.
The Corporation’s maximum exposure to loss associated with both consolidated and unconsolidated investment vehicles totaled $8.7 billion and $10.7 billion at December 31, 2010 and 2009.
On January 1, 2010, the Corporation consolidated $2.5 billion of investment vehicles.
This amount included a real estate investment fund with assets of $1.5 billion which is designed to provide returns to clients through limited partnership holdings.
At that time, the Corporation was the general partner and also had a limited partnership interest in the fund.
The Corporation provided support to the fund and therefore considers the fund to be a VIE.
In late 2010, the Corporation transferred its general partnership interest to a third party, conveying all ongoing management responsibilities to that third party.
As a result, the Corporation deconsolidated the fund because it no longer has a controlling financial interest.
The Corporation continues to retain a limited partnership interest, which is included in the table above.
Collective Investment Funds The Corporation is trustee for certain common and collective investment funds that provide investment opportunities for eligible clients of GWIM.
These funds, which had total assets of $21.2 billion at December 31, 2010, hold a variety of cash, debt and equity investments.
The Corporation does not have a variable interest in these funds, except as described below.
In 2010, the governing documents of a stable value collective investment fund with total assets of $8.1 billion at December 31, 2010 were modified to facilitate the planned liquidation of the fund.
The modifications resulted in the termination of third-party insurance contracts which were replaced by a guarantee from the Corporation of the net asset value of the fund, which principally holds short-term U. S.  Treasury and agency securities.
In addition, the Corporation acquired the unilateral ability to replace the fund’s asset manager.
As a result of these changes, the Corporation acquired a controlling financial interest in and consolidated the fund.
Consolidation did not have a significant impact on the Corporation’s 2010 results of operations.
This fund was not previously consolidated because the Corporation did not have the unilateral power to replace the asset manager, nor did it have a variable interest in the fund that was more than insignificant.
Liquidation of the fund will be finalized in 2011.
first quarter dividend payment will total approximately $149.3 million.
The board of directors also declared an additional, annual variable dividend of $1.30 per share on December 5, 2012 paid on December 28, 2012 to the shareholders of record on December 17, 2012.
This annual dividend will typically be considered in the first quarter of each year and will supplement the regular dividend.
The annual variable dividend for 2013 was accelerated to the fourth quarter of 2012 due to uncertainty surrounding dividend income tax treatment beginning in 2013.
In general, the amount of the annual variable dividend will be determined after the end of each year, and the level will increase or decrease from year to year based on operating results, potential merger and acquisition activity, and other forms of capital return including regular dividends and share buybacks during the prior year.
Sources and Uses of Cash The following is a summary of cash flows from operating, investing and financing activities.
## Table 1 ##
Operating activities In 2012 when compared with 2011, net cash provided by operating activities decreased as a result of lower contract volumes.
Net cash provided by operating activities decreased slightly in 2011 when compared with 2010.
Increased profitability as a result of higher contract volumes was offset by an increase in other current assets and other assets resulting from a reclassification of cash from cash and cash equivalents to other current assets and other assets because the cash became subject to restrictions in conjunction with the contribution to the CMECE guaranty fund.
Investing activities Cash used in investing activities in 2012 was higher than cash used in 2011 due to the increased investment in business ventures, partially offset by the receipt of proceeds from the sale of the CBOT buildings.
The increase in cash used in investing activities in 2011 when compared with 2010 was due to the proceeds from the sales of a long-term investment and our exercise rights privileges in 2010.  Financing activities Cash used in financing activities was lower in 2012 when compared with 2011.
The decrease in cash used was attributable to the receipt of $747.7 million in proceeds from debt issued in September 2012 in contrast with repayments of $420.5 million of debt in the first quarter of 2011.
In addition, we repurchased $220.4 million of Class A common stock in 2011.
The net decrease in cash used was partially offset by a $851.5 million increase in cash dividends paid in 2012 when compared with 2011.
The increase in cash used in 2011 compared with 2010 was attributable to proceeds from our issuance of shares to BM&FBOVESPA in 2010 and an increase in cash dividends in 2011 when compared with 2010.
The increase in cash used was partially offset by a decrease in share repurchases of $354.9 million in 2011 when compared with the same period in 2010.
Debt Instruments The following table summarizes our debt outstanding as of December 31, 2012:
## Table 2 ##
(1) In February 2010, we entered into a forwardstarting interest rate swap agreement that
management’s discussion and analysis of financial condition and results of operations management¡¯s discussion and analysis of financial condition and results of operations «ì¡ñ In 2002, a $1.8 million gain was recognized on a property that was developed and sold upon completion to a third party.
¡ñ In 2003, our total investment in joint ventures decreased.
This decrease was the result of our acquiring our partner¡¯s interest in three joint ventures, selling our interest in two and one venture being dissolved in 2003.
While the number of joint ventures decreased, the joint ventures¡¯ occupancy increased from 93.2% to 94.0% in 2003.
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, 2003 and 2002 (in thousands):
## Table 3 ##
The increased rental and real estate tax expenses for 2003, as compared to 2002, was primarily the result of our increase in average in-service square feet and occupancy.
These increases resulted from our acquisition activities and developments placed in service in 2003.
Interest Expense Our interest expense increased from $111.4 million in 2002 to $125.7 million in 2003.
Although we benefited from significantly lower interest rates during 2003, interest expense increased because of increased borrowings during the year and a decrease in the amount of interest that was capitalized.
The increased borrowings reflected the funding of our developments during the year and the excess of properties acquired over those disposed.
Interest capitalized for 2003 was significantly lower than 2002 as development activity for 2003 was substantially slower than prior years.
Development starts for 2003 totaled only $108 million compared to approximately $225 million for 2002.
Other significant factors impacting interest expense for 2003 are summarized as follows: ¡ñ We continued to replace secured debt financing with unsecured debt, and paid off over $120 million of secured loans throughout 2003.
The payoffs included secured loans due in 2003 and those due in 2004 and beyond for which we were able to take advantage of expired or negotiated lower prepayment penalties and utilize lower financing costs from unsecured debt offerings or the unsecured line of credit.
¡ñ Approximately $425 million of new unsecured debt was issued in 2003.
We issued $175 million of seven-year debt in January 2003 at an effective interest rate of 5.37%, $150 million of ten-year debt in May 2003 at an effective interest rate of 4.64% and $100 million of four-year debt in November 2003 at an effective interest rate of 3.63%.
We retired $175 million of debt in June 2003 that had an effective interest rate of 7.33%.
¡ñ We utilized our $500 million unsecured line of credit more heavily in 2003 than during 2002 in order to take advantage of the historically low borrowing costs.
The balance on the line of credit was $351 million at December 31, 2003 compared to $281 million at December 31, 2002.
Depreciation and Amortization Expense Depreciation and amortization expense for 2003 increased by approximately $22.0 million compared to 2002 because of an increase in tenant improvements and leasing costs.
As discussed earlier, we experienced higher overall occupancy and more acquisition activity in 2003, which resulted in increased capital expenditures for tenant improvements and deferred lease commissions as well as increases in held for investment property basis.
The following highlights the significant changes in depreciable and amortizable property during 2003: ¡ñ The basis of the held for investment property portfolio increased by $166 million as a result of our development and acquisition activity.
¡ñ We incurred tenant improvement costs of $91.3 million in 2003.
¡ñ We incurred lease commissions of $41.6 million in 2003.
The amortization associated with the acquired lease intangible assets recorded on 2003 acquisitions totaled $4.2 million.
The acquisitions were accounted for in accordance with SFAS 141, which requires the allocation of a portion of a property¡¯s purchase price to intangible assets for leases acquired and in-place at the closing date of the acquisition.
These intangible assets are amortized over the remaining life of the leases (generally 3-5 years) as compared to the building basis portion of the acquisition, which is depreciated over 40 years.
Service Operations Service Operations primarily consist of leasing, management, construction and development services for joint venture properties and properties owned by third parties.
These
Notes to Consolidated Financial Statements—(Continued) (Amounts in Millions, Except Per Share Amounts) our subsidiaries outside the U. S.  We have guaranteed the repayment of some of these borrowings made by certain subsidiaries.
The weighted-average interest rate on outstanding balances under the uncommitted shortterm facilities as of December 31, 2008 and 2007 was approximately 3% and 5%, respectively.
A summary of our credit facilities is as follows:

<table><tr><td></td><td colspan="6">December 31</td></tr><tr><td></td><td colspan="3">2010</td><td colspan="3">2009</td></tr><tr><td>(Dollars in millions)</td><td>Consolidated</td><td>Unconsolidated</td><td>Total</td><td>Consolidated</td><td>Unconsolidated</td><td>Total</td></tr><tr><td> Maximum loss exposure</td><td>$19,248</td><td>$8,796</td><td>$28,044</td><td>$12,073</td><td>$11,290</td><td>$23,363</td></tr><tr><td>On-balance sheet assets</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Trading account assets</td><td>$8,900</td><td>$–</td><td>$8,900</td><td>$269</td><td>$–</td><td>$269</td></tr><tr><td>Derivative assets</td><td>–</td><td>228</td><td>228</td><td>1,096</td><td>83</td><td>1,179</td></tr><tr><td>Available-for-saledebt securities</td><td>1,832</td><td>73</td><td>1,905</td><td>1,822</td><td>–</td><td>1,822</td></tr><tr><td>Loans and leases</td><td>7,690</td><td>1,122</td><td>8,812</td><td>7,820</td><td>1,200</td><td>9,020</td></tr><tr><td>Allowance for loan and lease losses</td><td>-27</td><td>-22</td><td>-49</td><td>-29</td><td>-10</td><td>-39</td></tr><tr><td>Loansheld-for-sale</td><td>262</td><td>949</td><td>1,211</td><td>197</td><td>–</td><td>197</td></tr><tr><td>All other assets</td><td>937</td><td>6,440</td><td>7,377</td><td>1,285</td><td>8,777</td><td>10,062</td></tr><tr><td> Total</td><td>$19,594</td><td>$8,790</td><td>$28,384</td><td>$12,460</td><td>$10,050</td><td>$22,510</td></tr><tr><td>On-balance sheet liabilities</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Derivative liabilities</td><td>$–</td><td>$9</td><td>$9</td><td>$–</td><td>$80</td><td>$80</td></tr><tr><td>Commercial paper and other short-term borrowings</td><td>1,115</td><td>–</td><td>1,115</td><td>965</td><td>–</td><td>965</td></tr><tr><td>Long-term debt</td><td>229</td><td>–</td><td>229</td><td>33</td><td>–</td><td>33</td></tr><tr><td>All other liabilities</td><td>8,683</td><td>1,657</td><td>10,340</td><td>3,123</td><td>1,466</td><td>4,589</td></tr><tr><td> Total</td><td>$10,027</td><td>$1,666</td><td>$11,693</td><td>$4,121</td><td>$1,546</td><td>$5,667</td></tr><tr><td>Total assets of VIEs</td><td>$19,594</td><td>$13,416</td><td>$33,010</td><td>$12,460</td><td>$14,819</td><td>$27,279</td></tr></table>
<table><tr><td></td><td></td><td></td><td></td><td colspan="2">Year-over-Year Change</td></tr><tr><td>(dollars in millions)</td><td>2012</td><td>2011</td><td>2010</td><td>2012-2011</td><td>2011-2010</td></tr><tr><td>Net cash provided by operating activities</td><td>$1,216.8</td><td>$1,346.3</td><td>$1,359.6</td><td>-10%</td><td>-1%</td></tr><tr><td>Net cash used in investing activities</td><td>-206.0</td><td>-153.6</td><td>-111.6</td><td>35</td><td>38</td></tr><tr><td>Net cash used in financing activities</td><td>-448.4</td><td>-1,005.6</td><td>-653.4</td><td>-55</td><td>54</td></tr></table>
<table><tr><td>(in millions)</td><td>Par Value</td></tr><tr><td>Fixed rate notes due August 2013, stated rate of 5.40%</td><td>$750.0</td></tr><tr><td>Fixed rate notes due February 2014, stated rate of 5.75%</td><td>750.0</td></tr><tr><td>Fixed rate notes due March 2018, stated rate of 4.40%<sup>-1</sup></td><td>612.5</td></tr><tr><td>Fixed rate notes due September 2022, stated rate of 3.00%<sup>-2</sup></td><td>750.0</td></tr></table>
<table><tr><td> </td><td> 2003</td><td> 2002</td></tr><tr><td>Rental Expenses:</td><td> </td><td></td></tr><tr><td>Office</td><td>$104,056</td><td>$92,190</td></tr><tr><td>Industrial</td><td> 34,872</td><td>28,585</td></tr><tr><td>Retail</td><td> 609</td><td>281</td></tr><tr><td>Other</td><td> 1,689</td><td>1,394</td></tr><tr><td>Total</td><td>$141,226</td><td>$122,450</td></tr><tr><td>Real Estate Taxes:</td><td> </td><td></td></tr><tr><td>Office</td><td>$42,850</td><td>$38,485</td></tr><tr><td>Industrial</td><td> 29,846</td><td>27,934</td></tr><tr><td>Retail</td><td> 323</td><td>325</td></tr><tr><td>Other</td><td> 4,131</td><td>3,047</td></tr><tr><td>Total</td><td>$77,150</td><td>$69,791</td></tr></table>

Question: What will Available-for-saledebt securities reach in 2011 if it continues to grow at its current rate? (in millions)