Business Segment Discussion Bank Systems and Services
## Table 0 ##
In fiscal 2011, revenue increased 11% overall in the bank systems and services business segment compared to the prior year.
The increase is due primarily to the acquisitions of GFSI and iPay, which added $40,150 of additional revenue in fiscal 2011, mainly in support and services in the bank systems and services business segment which increased 14% over the prior year, coupled with electronic payment services organic revenue growth of nearly 12% over the prior year.
Gross profit margin remained consistent year over year, with GFSI and iPay margins performing within expectations.
In fiscal 2010, revenue increased 9% overall in the bank systems and services business segment compared to the prior year.
Most of the increase is due to the acquisition of GFSI, which added $44,794 of revenue in fiscal 2010.
In addition, EFT support experienced organic revenue growth of nearly 10% over the prior year and Data Center Maintenance had organic growth of 12% within the bank systems and services business segment.
Gross profit margin increased from the prior year primarily due to cost control measures, particularly related to personnel costs, undertaken by management during fiscal 2010.  Credit Union Systems and Services
## Table 1 ##
In fiscal 2011, revenues in the credit union systems and services business segment increased 34% from fiscal 2010.
All components of revenue increased, particularly support and service revenue, which increased by 38% over the prior year.
This was due primarily to the acquisitions of PTSI and iPay, which added revenue of $38,482 to current year revenue, and electronic payment services which experienced 11% organic revenue growth.
Gross profit margins have remained constant as a result of strong iPay margins being offset by slightly lower margins from the PTSI products.
In fiscal 2010, revenues in the credit union systems and services business segment increased 28% from fiscal 2009.
Support and service revenue, which is the largest component of total revenues for the credit union segment, experienced strong growth in most revenue components.
In particular, EFT Support experienced 163% revenue growth over the prior year due primarily to the acquisition of PTSI, which added revenue of $33,839 to fiscal 2011 revenue.
Gross profit margins decreased from the prior year as license revenue, which carries the largest margins, decreased as a percentage of total revenue.
Liquidity and Capital Resources We have historically generated positive cash flow from operations and have generally used funds generated from operations and short-term borrowings on our revolving credit facility to meet capital requirements.
We expect this trend to continue in the future.
The Company’s cash and cash equivalents decreased to $63,125 at June 30, 2011 from $125,518 at June 30, 2010.
The decrease is primarily due to the repayment of long and short term debt in the year.
The following table summarizes net cash from operating activities in the statement of cash flows:
KIMCO REALTY CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, continued The Company’s efforts to market certain assets and management’s assessment as to the likelihood and timing of such potential transactions and/or the property hold period caused the Company to recognize impairment charges for the years ended December 31, 2014, 2013 and 2012 as follows (in millions):
## Table 2 ##
* See Footnote 15 for additional disclosure on fair value ** See Footnotes 4 & 5 above for additional disclosure (1) During 2014, the Company recognized aggregate impairment charges of $33.3 million, before an income tax benefit of $6.1 million and noncontrolling interests of $0.3 million, primarily related to adjustments to property carrying values in connection with the Company’s efforts to market certain properties and management’s assessment as to the likelihood and timing of such potential transactions and the anticipated hold period for such properties.
(2) During 2013, the Company recorded $18.6 million, before an income tax benefit of $7.6 million and noncontrolling interests of $1.0 million, in impairment charges primarily related to two land parcels and four operating properties based upon purchase prices or purchase price offers.
(3) During 2012, the Company recognized an aggregate impairment charge of $7.6 million, before income tax benefit of $0.3 million, relating to its investment in four land parcels.
The estimated aggregate fair value of these properties was based upon purchase price offers.
(4) Impairment charges primarily based upon review of debt maturity status and the likelihood of foreclosure of certain underlying properties within the Company’s preferred equity investments, during 2014, 2013 and 2012.
The Company believes it will not recover its investment in certain preferred equity investments and as such recorded full impairments on these investments.
(5) During 2014 and 2013, the Company reviewed the underlying cause of the decline in value of certain cost method investments, as well as the severity and the duration of the decline and determined that the decline was other-thantemporary.
Impairment charges were recognized based upon the calculation of the investments’ estimated fair value.
(6) Due to the substantial liquidation of its investment in Mexico, the Company recognized a loss from foreign currency translation related to consolidated properties in the amount of $92.9 million, before noncontrolling interest of $5.8 million.
(See footnote 22 for additional disclosure).
In addition to the impairment charges above, the Company recognized pretax impairment charges during 2014, 2013 and 2012 of $54.5 million (including $47.3 million in cumulative foreign currency translation loss relating to the Company’s substantial liquidation of its investment in Mexico), $29.5 million, and $11.1 million, respectively, relating to certain properties held by various unconsolidated joint ventures in which the Company holds noncontrolling interests.
These impairment charges are included in Equity in income of joint ventures, net in the Company’s Consolidated Statements of Income (see Footnote 7).
The Company will continue to assess the value of its assets on an on-going basis.
Based on these assessments, the Company may determine that one or more of its assets may be impaired and would therefore write-down its carrying basis accordingly.
MetLife, Inc.  Notes to the Consolidated Financial Statements — (Continued) 11.
Long-term and Short-term Debt Long-term and short-term debt outstanding is as follows:
## Table 3 ##
The aggregate maturities of long-term debt at December 31, 2009 for the next five years are $431 million in 2010, $1,358 million in 2011, $1,506 million in 2012, $718 million in 2013, $416 million in 2014 and $8,789 million thereafter.
Repurchase agreements and capital lease obligations are collateralized and rank highest in priority, followed by unsecured senior debt which consists of senior notes, fixed rate notes and other notes with varying interest rates, followed by subordinated debt which consists of junior subordinated debt securities.
Payments of interest and principal on the Company’s surplus notes, which are subordinate to all other obligations at the operating company level and senior to obligations at the Holding Company, may be made only with the prior approval of the insurance department of the state of domicile.
Collateral financing arrangements are supported by either surplus notes of subsidiaries or financing arrangements with the Holding Company and accordingly have priority consistent with other such obligations.
Certain of the Company’s debt instruments, credit facilities and committed facilities contain various administrative, reporting, legal and financial covenants.
The Company believes it was in compliance with all covenants at both December 31, 2009 and 2008.
Senior Notes In May 2009, the Holding Company issued $1,250 million of senior notes due June 1, 2016.
The notes bear interest at a fixed rate of 6.75%, payable semiannually.
In connection with the offering, the Holding Company incurred $6 million of issuance costs which have been capitalized and included in other assets.
These costs are being amortized over the term of the notes.
In March 2009, the Holding Company issued $397 million of floating rate senior notes due June 29, 2012 under the FDIC Program.
The notes bear interest at a rate equal to three-month LIBOR, reset quarterly, plus 0.32%.
The notes are not redeemable prior to their maturity.
In connection with the offering, the Holding Company incurred $15 million of issuance costs which have been capitalized and included in other assets.
These costs are being amortized over the term of the notes.
In February 2009, the Holding Company remarketed its existing $1,035 million 4.91% Series B junior subordinated debt securities as 7.717% senior debt securities, Series B, due 2019.
In August 2008, the Holding Company remarketed its existing $1,035 million 4.82% Series A junior subordinated debt securities as 6.817% senior debt securities, Series A, due 2018.
Interest on both series of debt securities is payable semiannually.
The Series A and Series B junior subordinated debt securities were originally issued in 2005 in connection with the common equity units.
See Notes 13 and 14.
Repurchase Agreements with the Federal Home Loan Bank of New York MetLife Bank is a member of the FHLB of NY and held $124 million and $89 million of common stock of the FHLB of NY at December 31, 2009 and 2008, 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 certain of MetLife Bank’s residential mortgages, mortgage loans held-for-sale, commercial 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 MetLife Bank’s liability for repurchase agreements entered into with the FHLB of NY was $2.4 billion and $1.8 billion at December 31, 2009 and 2008, respectively, which is included in longterm debt and short-term debt depending upon the original tenor of the advance.
During the years ended December 31, 2009, 2008 and 2007, MetLife Bank received advances related to long-term borrowings totaling $1,280 million, $220 million and $390 million, respectively, from the FHLB of NY.
MetLife Bank made repayments to the FHLB of NY of $497 million, $371 million and $175 million related to long-term borrowings for the years ended December 31, 2009, 2008 and 2007, respectively.
The advances on the repurchase agreements related to both long-term and short-term debt were collateralized by residential mortgages, mortgage loans held-for-sale, commercial mortgages and mortgage-backed securities with estimated fair values of $5.5 billion and $3.1 billion at December 31, 2009 and 2008, respectively.
Collateralized Borrowing from the Federal Reserve Bank of New York MetLife Bank is a depository institution that is approved to use the Federal Reserve Bank of New York Discount Window borrowing privileges and participate in the Federal Reserve Bank of New York Term Auction Facility.
In order to utilize these facilities, MetLife Bank has
REPUBLIC SERVICES, INC.  AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Estimated future pension benefit payments for the next ten years under the Plan (in millions) are as follows:
## Table 4 ##
BFI Post Retirement Healthcare Plan We acquired obligations under the BFI Post Retirement Healthcare Plan as part of our acquisition of Allied.
This plan provides continued medical coverage for certain former employees following their retirement, including some employees subject to collective bargaining agreements.
Eligibility for this plan is limited to certain of those employees who had ten or more years of service and were age 55 or older as of December 31, 1998, and certain employees in California who were hired on or before December 31, 2005 and who retire on or after age 55 with at least thirty years of service.
Liabilities acquired for this plan were $1.2 million and $1.3 million, respectively, at the acquisition date and at December 31, 2008.
Multi-Employer Pension Plans We contribute to 25 multi-employer pension plans under collective bargaining agreements covering unionrepresented employees.
We acquired responsibility for contributions for a portion of these plans as part of our acquisition of Allied.
Approximately 22% of our total current employees are participants in such multiemployer plans.
These plans generally provide retirement benefits to participants based on their service to contributing employers.
We do not administer these multi-employer plans.
In general, these plans are managed by a board of trustees with the unions appointing certain trustees and other contributing employers of the plan appointing certain members.
We generally are not represented on the board of trustees.
We do not have current plan financial information from the plans’ administrators, but based on the information available to us, it is possible that some of the multi-employer plans to which we contribute may be underfunded.
The Pension Protection Act, enacted in August 2006, requires underfunded pension plans to improve their funding ratios within prescribed intervals based on the level of their underfunding.
Until the plan trustees develop the funding improvement plans or rehabilitation plans as required by the Pension Protection Act, we are unable to determine the amount of assessments we may be subject to, if any.
Accordingly, we cannot determine at this time the impact that the Pension Protection Act may have on our consolidated financial position, results of operations or cash flows.
Furthermore, under current law regarding multi-employer benefit plans, a plan’s termination, our voluntary withdrawal, or the mass withdrawal of all contributing employers from any under-funded, multi-employer pension plan would require us to make payments to the plan for our proportionate share of the multiemployer plan’s unfunded vested liabilities.
It is possible that there may be a mass withdrawal of employers contributing to these plans or plans may terminate in the near future.
We could have adjustments to our estimates for these matters in the near term that could have a material effect on our consolidated financial condition, results of operations or cash flows.
Our pension expense for multi-employer plans was $21.8 million, $18.9 million and $17.3 million for the years ended December 31, 2008, 2007 and 2006, respectively

<table><tr><td></td><td> 2011</td><td>% Change</td><td>2010</td><td>% Change</td><td>2009</td></tr><tr><td>Revenue</td><td> $746,892</td><td>11%</td><td>$672,282</td><td>9%</td><td>$617,711</td></tr><tr><td>Gross Profit</td><td> $315,994</td><td>12%</td><td>$283,100</td><td>14%</td><td>$247,812</td></tr><tr><td>Gross Profit Margin</td><td> 42%</td><td></td><td>42%</td><td></td><td>40%</td></tr></table>
<table><tr><td></td><td> 2011</td><td>% Change</td><td>2010</td><td>% Change</td><td>2009</td></tr><tr><td>Revenue</td><td> $220,005</td><td>34%</td><td>$164,304</td><td>28%</td><td>$127,882</td></tr><tr><td>Gross Profit</td><td> $ 83,340</td><td>34%</td><td>$ 62,020</td><td>20%</td><td>$ 51,587</td></tr><tr><td>Gross Profit Margin</td><td> 38%</td><td></td><td>38%</td><td></td><td>40%</td></tr></table>
<table><tr><td> </td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td>Impairment of property carrying values * -1(2)(3)</td><td>$33.3</td><td>$18.6</td><td>$7.6</td></tr><tr><td>Investments in other real estate investments* -4</td><td>1.7</td><td>2.9</td><td>2.7</td></tr><tr><td>Marketable securities and other investments* -5</td><td>4.8</td><td>10.7</td><td>-</td></tr><tr><td>Total Impairment charges included in operating expenses</td><td>39.8</td><td>32.2</td><td>10.3</td></tr><tr><td>Cumulative foreign currency translation loss included in discontinued operations -6</td><td>92.9</td><td>5.1</td><td>-</td></tr><tr><td>Impairment of property carrying values included in discontinued operations **</td><td>85.1</td><td>152.9</td><td>49.3</td></tr><tr><td>Total gross impairment charges</td><td>217.8</td><td>190.2</td><td>59.6</td></tr><tr><td>Noncontrolling interests</td><td>-0.4</td><td>-10.6</td><td>-0.4</td></tr><tr><td>Income tax benefit included in discontinued operations</td><td>-1.7</td><td>-14.8</td><td>-10.6</td></tr><tr><td>Income tax benefit</td><td>-6.1</td><td>-7.6</td><td>-</td></tr><tr><td>Total net impairment charges</td><td>$209.6</td><td>$157.2</td><td>$48.6</td></tr></table>
<table><tr><td></td><td colspan="2">Interest Rates</td><td></td><td></td><td></td></tr><tr><td></td><td></td><td>Weighted</td><td></td><td colspan="2"> December 31,</td></tr><tr><td></td><td> Range</td><td>Average</td><td> Maturity</td><td> 2009</td><td> 2008</td></tr><tr><td></td><td></td><td></td><td></td><td colspan="2"> (In millions)</td></tr><tr><td>Senior notes</td><td>0.57%-7.71%</td><td>5.94%</td><td>2011-2035</td><td>$10,458</td><td>$7,660</td></tr><tr><td>Repurchase agreements</td><td>0.31%-4.90%</td><td>3.35%</td><td>2010-2014</td><td>1,846</td><td>1,062</td></tr><tr><td>Surplus notes</td><td>7.63%-7.88%</td><td>7.98%</td><td>2015-2025</td><td>698</td><td>698</td></tr><tr><td>Fixed rate notes</td><td>3.76%-8.56%</td><td>8.56%</td><td>2010</td><td>63</td><td>65</td></tr><tr><td>Other notes with varying interest rates</td><td>2.16%-8.00%</td><td>4.50%</td><td>2010-2016</td><td>120</td><td>134</td></tr><tr><td>Capital lease obligations</td><td></td><td></td><td></td><td>35</td><td>48</td></tr><tr><td>Total long-term debt</td><td></td><td></td><td></td><td>13,220</td><td>9,667</td></tr><tr><td>Total short-term debt</td><td></td><td></td><td></td><td>912</td><td>2,659</td></tr><tr><td>Total</td><td></td><td></td><td></td><td>$14,132</td><td>$12,326</td></tr></table>
<table><tr><td>2009</td><td>$14.9</td></tr><tr><td>2010</td><td>15.9</td></tr><tr><td>2011</td><td>16.2</td></tr><tr><td>2012</td><td>19.2</td></tr><tr><td>2013</td><td>21.9</td></tr><tr><td>2014 through 2018</td><td>142.2</td></tr></table>

Question: What is the sum of the Repurchase agreements in the years where Senior notes greater than 7000? (in million)