In addition to the capitalization of overhead costs discussed above, we also capitalized $16.8 million, $9.4 million and $4.3 million of interest costs in the years ended December 31, 2013, 2012 and 2011, respectively.
The following table summarizes our second generation capital expenditures by reportable operating segment (in thousands):
## Table 0 ##
Both our first and second generation expenditures vary significantly between leases on a per square foot basis, dependent upon several factors including the product type, the nature of a tenant's operations, the specific physical characteristics of each individual property as well as the market in which the property is located.
Second generation expenditures related to the 79 suburban office buildings that were sold in the Blackstone Office Disposition totaled $26.2 million in 2011.
Dividends and Distributions We are required to meet the distribution requirements of the Internal Revenue Code of 1986, as amended (the "Code"), in order to maintain our REIT status.
We paid dividends of $0.68 per common share for each of the years ended December 31, 2013, 2012 and 2011.
We expect to continue to distribute at least an amount equal to our taxable earnings, to meet the requirements to maintain our REIT status, and additional amounts as determined by our board of directors.
Distributions are declared at the discretion of our board of directors and are subject to actual cash available for distribution, our financial condition, capital requirements and such other factors as our board of directors deems relevant.
At December 31, 2013 we had three series of preferred stock outstanding.
The annual dividend rates on our preferred shares range between 6.5% and 6.625% and are paid quarterly in arrears.
In February 2013, we redeemed all of our outstanding Series O Shares for a total payment of $178.0 million, thus reducing our future quarterly dividend commitments by $3.7 million.
In March 2012, we redeemed all of our 6.950% Series M Cumulative Redeemable Preferred Shares ("Series M Shares") for a total payment of $168.3 million, thus reducing our future quarterly dividend commitments by $2.9 million.
In July 2011, we redeemed all of our 7.25% Series N Cumulative Redeemable Preferred Shares ("Series N Shares") for a total payment of $108.6 million, thus reducing our future quarterly dividend commitments by $2.0 million.
Debt Maturities Debt outstanding at December 31, 2013 had a face value totaling $4.3 billion with a weighted average interest rate of 5.49% and with maturity dates ranging between 2014 and 2028.
Of this total amount, we had $3.1 billion of unsecured debt, $1.1 billion of secured debt and $88.0 million outstanding on the DRLP unsecured line of credit at December 31, 2013.
We made scheduled and unscheduled principal payments of $1.0 billion on outstanding debt during the year ended December 31, 2013.
Notes to consolidated financial statements J. P.  Morgan Chase & Co
## Table 1 ##
The Firm did not repurchase shares of its common stock during 2003 or 2002.
During 2001, the Firm repurchased 21.9 million shares of common stock under a plan which began on July 19, 2001.
As of December 31, 2003, approximately 462 million unissued shares of common stock were reserved for issuance under various employee incentive, option and stock purchase plans.
Earnings per share SFAS 128 requires the presentation of basic and diluted earnings per share (“ EPS” ) in the income statement.
Basic EPS is computed by dividing net income applicable to common stock by the weighted-average number of common shares outstanding for the period.
Diluted EPS is computed using the same method as basic EPS, but, in the denominator, common shares outstanding reflect the potential dilution that could occur if convertible secu- rities or other contracts to issue common stock were converted or exercised into common stock.
Net income available for com- mon stock is the same computation for basic EPS and diluted EPS as JPMorgan Chase had no convertible securities, and, therefore, no adjustments to net income available for common stock were necessary Basic and diluted earnings per share were as follows for the dates indicated: Year ended December 3
## Table 2 ##
(a) Options issued under employee benefit plans to purchase 335 million,362 million and 190 million shares of common stock were outstanding for the years ended 2003,2002 and 2001,respectively,but were not included in the computation of diluted EPS because the options’ exercise prices were greater than the average market price of the common share Comprehensive income Comprehensive income is composed of Net income and Other comprehensive income, which includes the after-tax change in unrealized gains and losses on AFS securities, cash flow hedging activities and foreign currency translation adjustments (including the impact of related derivatives).
The following table presents Other comprehensive income (“ OCI” ) balances
## Table 3 ##
(a) Represents the after-tax difference between the fair value and amortized cost of the AFS securities portfolio and retained interest in securitizations recorded in Other assets.
(b) The net change during 2003 was primarily driven by increasing rates and the recognition of gains on sales of AFS securities.
(c) Includes $580 million of after-tax gains on foreign currency translation from operations for which the functional currency is other than the U. S. dollar,which were offset by $580 million of after-tax losses on hedges.
(d) Includes after-tax gains and losses on foreign currency translation,including related hedge results from operations for which the functional currency is other than the U. S. dollar.
NA- Not applicable as SFAS 133 was adopted effective January 1,2001
Management’s discussion and analysis J. P.  Morgan Chase & Co.
The credit ratings of JPMorgan Chase’s parent holding company and JPMorgan Chase Bank as of December 31, 2003, were as follows:

<table><tr><td></td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>Industrial</td><td>$41,971</td><td>$33,095</td><td>$34,872</td></tr><tr><td>Office</td><td>46,600</td><td>30,092</td><td>63,933</td></tr><tr><td>Medical Office</td><td>3,106</td><td>641</td><td>410</td></tr><tr><td>Non-reportable Rental Operations segments</td><td>121</td><td>56</td><td>49</td></tr><tr><td>Total</td><td>$91,798</td><td>$63,884</td><td>$99,264</td></tr></table>
<table><tr><td>December 31, (in millions)</td><td>2003</td><td>2002</td><td>2001</td></tr><tr><td> Issued — balance at January 1</td><td>2,023.6</td><td>1,996.9</td><td>1,940.1</td></tr><tr><td>Newly issued:</td><td></td><td></td><td></td></tr><tr><td>Employee benefits and compensation plans</td><td>20.9</td><td>25.9</td><td>55.0</td></tr><tr><td>Employee stock purchase plans</td><td>0.7</td><td>0.8</td><td>0.5</td></tr><tr><td>Purchase accounting acquisitions and other</td><td>—</td><td>—</td><td>1.8</td></tr><tr><td>Total newly issued</td><td>21.6</td><td>26.7</td><td>57.3</td></tr><tr><td>Cancelled shares</td><td>-0.8</td><td>—</td><td>-0.5</td></tr><tr><td> Total issued — balance at December 31</td><td>2,044.4</td><td>2,023.6</td><td>1,996.9</td></tr><tr><td> Treasury — balance at January 1</td><td>-24.9</td><td>-23.5</td><td>-11.6</td></tr><tr><td>Purchase of treasury stock</td><td>—</td><td>—</td><td>-21.9</td></tr><tr><td>Forfeitures to treasury</td><td>-3.0</td><td>-3.9</td><td>-5.8</td></tr><tr><td>Issued from treasury:</td><td></td><td></td><td></td></tr><tr><td>Employee benefits and compensation plans</td><td>25.8</td><td>2.1</td><td>15.6</td></tr><tr><td>Employee stock purchase plans</td><td>0.3</td><td>0.4</td><td>0.2</td></tr><tr><td>Total issued from treasury</td><td>26.1</td><td>2.5</td><td>15.8</td></tr><tr><td> Total treasury — balance at December 31</td><td>-1.8</td><td>-24.9</td><td>-23.5</td></tr><tr><td> Outstanding</td><td>2,042.6</td><td>1,998.7</td><td>1,973.4</td></tr></table>
<table><tr><td>(in millions, except per share data)</td><td> 2003</td><td>2002</td><td>2001</td></tr><tr><td> Basic earnings per share</td><td></td><td></td><td></td></tr><tr><td>Net income</td><td>$6,719</td><td>$1,663</td><td>$1,694</td></tr><tr><td>Less: Preferred stock dividends</td><td>51</td><td>51</td><td>66</td></tr><tr><td>Net income applicable to common stock</td><td>$6,668</td><td>$1,612</td><td>$1,628</td></tr><tr><td>Weighted-average basic shares outstanding</td><td>2,008.6</td><td>1,984.3</td><td>1,972.4</td></tr><tr><td>Net income per share</td><td>$3.32</td><td>$0.81</td><td>$0.83</td></tr><tr><td> Diluted earnings per share</td><td></td><td></td><td></td></tr><tr><td>Net income applicable to common stock</td><td>$6,668</td><td>$1,612</td><td>$1,628</td></tr><tr><td>Weighted-average basic shares outstanding</td><td>2,008.6</td><td>1,984.3</td><td>1,972.4</td></tr><tr><td>Add: Broad-based options</td><td>4.1</td><td>2.8</td><td>6.6</td></tr><tr><td>Key employee options</td><td>42.4</td><td>22.0</td><td>44.6</td></tr><tr><td>Weighted-average diluted shares outstanding</td><td>2,055.1</td><td>2,009.1</td><td>2,023.6</td></tr><tr><td>Net income per share<sup>(a)</sup></td><td>$3.24</td><td>$0.80</td><td>$0.80</td></tr></table>
<table><tr><td>Year ended</td><td rowspan="3">Unrealized gains (losses) on AFS securities<sup>(a)</sup></td><td></td><td rowspan="3">Cash flow hedges</td><td rowspan="3">Accumulated other comprehensive income (loss)</td></tr><tr><td>December 31,</td><td rowspan="2">Translation adjustments</td></tr><tr><td>(in millions)</td></tr><tr><td>Balance December 31, 2000</td><td>$-244</td><td>$3</td><td>NA</td><td>$-241</td></tr><tr><td>Net change</td><td>109</td><td>-5</td><td>$-305</td><td>-201</td></tr><tr><td>Balance December 31, 2001</td><td>-135</td><td>-2</td><td>-305</td><td>-442</td></tr><tr><td>Net change</td><td>866</td><td>-4</td><td>807</td><td>1,669</td></tr><tr><td>Balance December 31, 2002</td><td>731</td><td>-6</td><td>502</td><td>1,227</td></tr><tr><td> Net change</td><td>-712 (b)</td><td>—(c)</td><td>-545</td><td>-1,257</td></tr><tr><td> Balance December 31, 2003</td><td>$19</td><td>$-6 (d)</td><td>$-43</td><td>$-30</td></tr></table>

Question: If Outstanding develops with the same increasing rate in 2003, what will it reach in 2004? (in million)