determined that it was the primary beneficiary of the 2001 financing entities and thus consolidated the entities effective March 16, 2011.
Effective April 30, 2011, International Paper liquidated its interest in the 2001 financing entities.
## Table 0 ##
(a) The revenue is included in Equity earnings (loss), net of tax in the accompanying consolidated statement of operations.
(b) The expense is included in Interest expense, net in the accompanying consolidated statement of operations.
(c) The cash receipts are equity distributions from the 2002 financing entities to International Paper and cash receipts from the maturity of the 2002 Monetized Notes.
(d) The cash payments include both interest and principal on the associated debt obligations.
On May 31, 2011, the third-party equity holder of the 2002 financing entities retired its Class A interest in the entities for $51 million.
As a result of the retirement, effective May 31, 2011, International Paper owned 100% of the 2002 financing entities.
Based on an analysis performed by the Company after the retirement, under guidance that considers the potential magnitude of the variability in the structure and which party has controlling financial interest, International Paper determined that it was the primary beneficiary of the 2002 financing entities and thus consolidated the entities effective May 31, 2011.
During the year ended December 31, 2011 approximately $191 million of the 2002 Monetized Notes matured.
Outstanding debt related to these entities of $158 million is included in floating rate notes due 2011 – 2017 in the summary of long-term debt in Note 12 at December 31, 2011.
As of May 31, 2012, this debt had been repaid.
During the year ended December 31, 2012, $252 million of the 2002 Monetized Notes matured.
As of result of these maturities, Accounts and notes receivable decreased $252 million and Notes payable and current maturities of long-term debt decreased $158 million.
Deferred tax liabilities associated with the 2002 forestland installment sales decreased $67 million.
Effective June 1, 2012, International Paper liquidated its interest in the 2002 financing entities.
The use of the above entities facilitated the monetization of the credit enhanced Timber and Monetized Notes in a cost effective manner by increasing the borrowing capacity and lowering the interest rate while continuing to preserve the tax deferral that resulted from the forestlands installment sales and the offset accounting treatment described above.
In connection with the acquisition of Temple-Inland in February 2012, two special purpose entities became wholly-owned subsidiaries of International Paper.
In October 2007, Temple-Inland sold 1.55 million acres of timberlands for $2.38 billion.
The total consideration consisted almost entirely of notes due in 2027 issued by the buyer of the timberlands, which Temple-Inland contributed to two wholly-owned, bankruptcy-remote special purpose entities.
The notes are shown in Financial assets of special purpose entities in the accompanying consolidated balance sheet and are supported by $2.38 billion of irrevocable letters of credit issued by three banks, which are required to maintain minimum credit ratings on their long-term debt.
In the third quarter of 2012, International Paper completed is preliminary analysis of the acquisition date fair value of the notes and determined it to be $2.09 billion.
As a result of this analysis, Financial assets of special purposed entities decreased by $292 million and Goodwill increased by the same amount.
As of December 31, 2012 , the fair value of the notes was $2.21 billion.
In December 2007, Temple-Inland’s two whollyowned special purpose entities borrowed $2.14 billion shown in Nonrecourse financial liabilities of special purpose entities in the accompanying consolidated balance sheet.
The loans are repayable in 2027 and are secured only by the $2.38 billion of notes and the irrevocable letters of credit securing the notes and are nonrecourse to the Company.
The loan agreements provide that if a credit rating of any of the banks issuing the letters of credit is downgraded below the specified threshold, the letters of credit issued by that bank must be replaced within 30 days with letters of credit from another qualifying financial institution.
In the third quarter of 2012, International Paper completed its preliminary analysis of the acquisition date fair value of the borrowings and determined it to be $2.03 billion.
As a result of this analysis, Nonrecourse financial liabilities of special purpose entities decreased by $110 million and Goodwill decreased by the same amount.
As of December 31, 2012 , the fair value of this debt was $2.12 billion.
The buyer of the Temple-Inland timberland issued the $2.38 billion in notes from its wholly-owned, bankruptcy-remote special purpose entities.
The buyer’s special purpose entities held the timberlands from the transaction date until November 2008, at which time the timberlands were transferred out of the buyer’s special purpose entities.
Due to the transfer of the timberlands, Temple-Inland evaluated the buyer’s special purpose entities and determined that they were variable interest entities and that Temple-Inland was the primary beneficiary.
As a result, in 2008, Temple-Inland
Item 7.
Management’s Discussion and Analysis of Financial Condition and Results of Operations Results of Operations – CNA Financial – (Continued) reinsurance treaties of $26.0 million in 2004 as compared with 2003.
The 2003 ceded premiums were principally driven by the unfavorable net prior year reserve development in 2003.
Specialty Lines averaged rate increases of 9.0% and 29.0% in 2004 and 2003 for the contracts that renewed during those periods.
Retention rates of 83.0% and 81.0% were achieved for those contracts that were up for renewal.
Net income increased $308.8 million in 2004 as compared with 2003.
This increase was due primarily to increased net operating income, partially offset by a decrease in realized investment gains.
See the Investments section of this MD&A for further discussion on net realized investment gains.
Net operating results improved $325.9 million in 2004 as compared with 2003.
This improvement, after tax and minority interest, was due primarily to decreased unfavorable net prior year development of $156.1 million, a decrease in the bad debt provision for reinsurance receivables of $71.2 million, a decrease in certain insurance related assessments of $7.3 million, and increased net investment income.
These improvements were partially offset by increased catastrophe losses in 2004.
The impact of catastrophes was $10.0 million and $2.7 million, after tax and minority interest, in 2004 and 2003, as discussed below.
See the Investments section of this MD&A for further discussion on net investment income.
The combined ratio decreased 27.8 points in 2004 as compared with 2003.
The loss ratio decreased 26.3 points due principally to decreased unfavorable net prior year development of $264.0 million, a $120.0 million decrease in bad debt reserves for uncollectible reinsurance and an improvement in the current net accident year loss ratio.
These favorable impacts to the loss ratio were partially offset by increased catastrophe losses.
Catastrophe losses of $15.0 million and $4.0 million were recorded in 2004 and 2003.
The increased catastrophe losses in 2004 were due to $12.0 million of losses resulting from Hurricanes Charley, Frances, Ivan and Jeanne.
Unfavorable net prior year development was $30.0 million, including $58.0 million of unfavorable claim and allocated claim adjustment expense and $28.0 million of favorable premium development, in 2004.
Unfavorable net prior year development of $294.0 million, including $257.0 million of unfavorable claim and allocated claim adjustment expense development and $37.0 million of unfavorable premium development, was recorded for the same period in 2003.
Further information on Specialty Lines Net Prior Year Development for 2004 and 2003 is included in Note 9 of the Notes to Consolidated Financial Statements included under Item 8.
The expense ratio decreased 1.5 points primarily due to the increased earned premium base and a decrease of $12.0 million in certain insurance related assessments recorded in 2003.
In addition, the expense ratio was favorably impacted by decreased underwriting expenses due to CNA’s expense initiatives.
Life and Group Non-Core The following table summarizes the results of operations for Life and Group Non-Core.
## Table 1 ##
2005 Compared with 2004 Net earned premiums for Life and Group Non-Core decreased $217.0 million in 2005 as compared with 2004.
The premiums in 2004 include $115.0 million from the individual life business and $165.0 million from the specialty medical business.
The 2005 net earned premiums are primarily from the group and individual long term care business.
MetLife, Inc.  Consolidated Statements of Stockholders’ Equity For the Years Ended December 31, 2008, 2007 and 2006 (In millions)
## Table 2 ##
See accompanying notes to the consolidated financial statements.

<table><tr><td>In millions</td><td>2012</td><td>2011</td><td>2010</td></tr><tr><td>Revenue (loss) (a)</td><td>$—</td><td>$2</td><td>$5</td></tr><tr><td>Expense (b)</td><td>—</td><td>3</td><td>8</td></tr><tr><td>Cash receipts (c)</td><td>252</td><td>192</td><td>3</td></tr><tr><td>Cash payments (d)</td><td>159</td><td>244</td><td>8</td></tr></table>
<table><tr><td>Year Ended December 31</td><td>2005</td><td>2004</td><td>2003</td></tr><tr><td>(In millions)</td><td></td><td></td><td></td></tr><tr><td>Net earned premiums</td><td>$704.0</td><td>$921.0</td><td>$2,376.0</td></tr><tr><td>Net investment income</td><td>593.4</td><td>691.8</td><td>820.6</td></tr><tr><td>Income (loss) before net realized investment losses</td><td>-46.7</td><td>-26.2</td><td>102.0</td></tr><tr><td>Net realized investment losses</td><td>-17.6</td><td>-349.0</td><td>-97.6</td></tr><tr><td>Net income (loss)</td><td>-64.3</td><td>-375.2</td><td>4.4</td></tr></table>
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td colspan="3">Accumulated Other Comprehensive Income (Loss)</td><td></td></tr><tr><td></td><td> Preferred   Stock</td><td> Common   Stock</td><td>Additional Paid-in Capital</td><td>Retained Earnings</td><td>Treasury Stock at Cost</td><td>Net Unrealized Investment Gains (Losses)</td><td>Foreign Currency Translation Adjustments</td><td>Defined Benefit Plans Adjustment</td><td>Total</td></tr><tr><td>Balance at January 1, 2006</td><td>$1</td><td>$8</td><td>$17,274</td><td>$10,865</td><td>$-959</td><td>$1,942</td><td>$11</td><td>$-41</td><td>$29,101</td></tr><tr><td>Treasury stock transactions, net</td><td></td><td></td><td>180</td><td></td><td>-398</td><td></td><td></td><td></td><td>-218</td></tr><tr><td>Dividends on preferred stock</td><td></td><td></td><td></td><td>-134</td><td></td><td></td><td></td><td></td><td>-134</td></tr><tr><td>Dividends on common stock</td><td></td><td></td><td></td><td>-450</td><td></td><td></td><td></td><td></td><td>-450</td></tr><tr><td>Comprehensive income:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net income</td><td></td><td></td><td></td><td>6,293</td><td></td><td></td><td></td><td></td><td>6,293</td></tr><tr><td>Other comprehensive income (loss):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Unrealized gains (losses) on derivative instruments, net of income tax</td><td></td><td></td><td></td><td></td><td></td><td>-43</td><td></td><td></td><td>-43</td></tr><tr><td>Unrealized investment gains (losses), net of related offsets and income tax</td><td></td><td></td><td></td><td></td><td></td><td>-35</td><td></td><td></td><td>-35</td></tr><tr><td>Foreign currency translation adjustments, net of income tax</td><td></td><td></td><td></td><td></td><td></td><td></td><td>46</td><td></td><td>46</td></tr><tr><td>Additional minimum pension liability adjustment, net of income tax</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>-18</td><td>-18</td></tr><tr><td>Other comprehensive income (loss)</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>-50</td></tr><tr><td>Comprehensive income</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>6,243</td></tr><tr><td>Adoption of SFAS 158, net of income tax</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>-744</td><td>-744</td></tr><tr><td>Balance at December 31, 2006</td><td>1</td><td>8</td><td>17,454</td><td>16,574</td><td>-1,357</td><td>1,864</td><td>57</td><td>-803</td><td>33,798</td></tr><tr><td>Cumulative effect of changes in accounting principles, net of income tax (Note 1)</td><td></td><td></td><td></td><td>-329</td><td></td><td></td><td></td><td></td><td>-329</td></tr><tr><td>Balance at January 1, 2007</td><td>1</td><td>8</td><td>17,454</td><td>16,245</td><td>-1,357</td><td>1,864</td><td>57</td><td>-803</td><td>33,469</td></tr><tr><td>Treasury stock transactions, net</td><td></td><td></td><td>94</td><td></td><td>-1,533</td><td></td><td></td><td></td><td>-1,439</td></tr><tr><td>Obligation under accelerated common stock repurchase agreement (Note 18)</td><td></td><td></td><td>-450</td><td></td><td></td><td></td><td></td><td></td><td>-450</td></tr><tr><td>Dividends on preferred stock</td><td></td><td></td><td></td><td>-137</td><td></td><td></td><td></td><td></td><td>-137</td></tr><tr><td>Dividends on common stock</td><td></td><td></td><td></td><td>-541</td><td></td><td></td><td></td><td></td><td>-541</td></tr><tr><td>Comprehensive income:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net income</td><td></td><td></td><td></td><td>4,317</td><td></td><td></td><td></td><td></td><td>4,317</td></tr><tr><td>Other comprehensive income (loss):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Unrealized gains (losses) on derivative instruments, net of income tax</td><td></td><td></td><td></td><td></td><td></td><td>-40</td><td></td><td></td><td>-40</td></tr><tr><td>Unrealized investment gains (losses), net of related offsets and income tax</td><td></td><td></td><td></td><td></td><td></td><td>-853</td><td></td><td></td><td>-853</td></tr><tr><td>Foreign currency translation adjustments, net of income tax</td><td></td><td></td><td></td><td></td><td></td><td></td><td>290</td><td></td><td>290</td></tr><tr><td>Defined benefit plans adjustment, net of income tax</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>563</td><td>563</td></tr><tr><td>Other comprehensive income (loss)</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>-40</td></tr><tr><td>Comprehensive income</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>4,277</td></tr><tr><td>Balance at December 31, 2007</td><td>1</td><td>8</td><td>17,098</td><td>19,884</td><td>-2,890</td><td>971</td><td>347</td><td>-240</td><td>35,179</td></tr><tr><td>Cumulative effect of changes in accounting principles, net of income tax (Note 1)</td><td></td><td></td><td></td><td>27</td><td></td><td>-10</td><td></td><td></td><td>17</td></tr><tr><td>Balance at January 1, 2008</td><td>1</td><td>8</td><td>17,098</td><td>19,911</td><td>-2,890</td><td>961</td><td>347</td><td>-240</td><td>35,196</td></tr><tr><td>Common stock issuance — newly issued shares</td><td></td><td></td><td>290</td><td></td><td></td><td></td><td></td><td></td><td>290</td></tr><tr><td>Treasury stock transactions:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Acquired in connection with share repurchase agreements (Note 18)</td><td></td><td></td><td>450</td><td></td><td>-1,250</td><td></td><td></td><td></td><td>-800</td></tr><tr><td>Issued in connection with common stock issuance</td><td></td><td></td><td>-2,104</td><td></td><td>4,040</td><td></td><td></td><td></td><td>1,936</td></tr><tr><td>Issued to settle stock forward contracts</td><td></td><td></td><td>-29</td><td></td><td>1,064</td><td></td><td></td><td></td><td>1,035</td></tr><tr><td>Acquired in connection with split-off of subsidiary</td><td></td><td></td><td></td><td></td><td>-1,318</td><td></td><td></td><td></td><td>-1,318</td></tr><tr><td>Other, net</td><td></td><td></td><td>-35</td><td></td><td>118</td><td></td><td></td><td></td><td>83</td></tr><tr><td>Deferral of stock-based compensation</td><td></td><td></td><td>141</td><td></td><td></td><td></td><td></td><td></td><td>141</td></tr><tr><td>Dividends on preferred stock</td><td></td><td></td><td></td><td>-125</td><td></td><td></td><td></td><td></td><td>-125</td></tr><tr><td>Dividends on common stock</td><td></td><td></td><td></td><td>-592</td><td></td><td></td><td></td><td></td><td>-592</td></tr><tr><td>Comprehensive income:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net income</td><td></td><td></td><td></td><td>3,209</td><td></td><td></td><td></td><td></td><td>3,209</td></tr><tr><td>Other comprehensive income (loss):</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Unrealized gains (losses) on derivative instruments, net of income tax</td><td></td><td></td><td></td><td></td><td></td><td>241</td><td></td><td></td><td>241</td></tr><tr><td>Unrealized investment gains (losses), net of related offsets and income tax</td><td></td><td></td><td></td><td></td><td></td><td>-13,766</td><td></td><td></td><td>-13,766</td></tr><tr><td>Foreign currency translation adjustments, net of income tax</td><td></td><td></td><td></td><td></td><td></td><td></td><td>-593</td><td></td><td>-593</td></tr><tr><td>Defined benefit plans adjustment, net of income tax</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>-1,203</td><td>-1,203</td></tr><tr><td>Other comprehensive income (loss)</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>-15,321</td></tr><tr><td>Comprehensive income (loss)</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>-12,112</td></tr><tr><td>Balance at December 31, 2008</td><td>$1</td><td>$8</td><td>$15,811</td><td>$22,403</td><td>$-236</td><td>$-12,564</td><td>$-246</td><td>$-1,443</td><td>$23,734</td></tr></table>

Question: what was the change in the fair value of the debt acquisition date fair value of the borrow- ings