Regions elected to exit the Federal Deposit Insurance Corporation’s (“FDIC”) Transaction Account Guarantee (“TAG”) program on July 1, 2010.
The TAG program was a component of the Temporary Liquidity Guarantee Program, whereby the FDIC guaranteed all funds held at participating institutions beyond the $250,000 deposit insurance limit in qualifying transaction accounts.
Regions’ decision to exit the program did not have a significant impact on liquidity.
When the Dodd-Frank Act was enacted in July 2010, it permanently increased the FDIC coverage limit to $250,000.
Also as a result of the Dodd-Frank Act, effective as of December 31, 2010, unlimited coverage for non-interest bearing demand transaction accounts was provided until the expiration date of the program, which was January 1, 2013.
In early 2013, non-interest bearing transaction accounts have declined, but the overall impact to deposit balances and liquidity has not been significant and is within expectations.
Within customer deposits, non-interest-bearing demand deposits increased $1.8 billion to $30.0 billion, driven primarily by an increase in non-interest bearing deposits from commercial and small businesses.
Noninterest-bearing deposits accounted for approximately 31 percent of total deposits at year-end 2012 compared to 29 percent at year-end 2011.
Savings balances increased $601 million to $5.8 billion, generally reflecting continued consumer savings trends, spurred by economic uncertainty.
Interest-bearing transaction accounts increased $1.7 billion to $21.1 billion due to Regions’ focus on shifting the mix of deposits.
Interest-bearing transaction deposits accounted for approximately 22 percent of total deposits at year-end 2012 compared to 20 percent at year-end 2011.
Domestic money market products, which exclude foreign money market accounts, are one of Regions’ most significant funding sources.
These balances increased 8 percent in 2012 to $24.9 billion or 26 percent of total deposits, compared to 24 percent of total deposits in 2011 another reflection of the shifting in the mix of deposits.
Included in customer time deposits are certificates of deposit and individual retirement accounts.
The balance of customer time deposits decreased 31 percent in 2012 to $13.4 billion compared to $19.4 billion in 2011.
The decrease was primarily due to maturities with minimal reinvestment by customers as a result of the continued decline in rates offered on these products.
Customer time deposits accounted for 14 percent of total deposits in 2012 compared to 20 percent in 2011.
Consistent with 2011, total treasury deposits, which are used mainly for overnight funding purposes, remained at low levels in 2012 as the Company continued to utilize customer-based funding and other sources.
The Company’s choice of overnight funding sources is dependent on the Company’s particular funding needs and the relative attractiveness of each source.
The sensitivity of Regions’ deposit rates to changes in market interest rates is reflected in Regions’ average interest rate paid on interest-bearing deposits.
The rate paid on interest-bearing deposits decreased to 0.43 percent in 2012 from 0.69 percent in 2011, driven by the expiration of time deposits, the positive mix shift to lower cost customer products, and continuation of the low interest rate environment throughout 2012.
Table 25 “Maturity of Time Deposits of $100,000 or More” presents maturities of time deposits of $100,000 or more at December 31, 2012 and 2011.
Table 25—Maturity of Time Deposits of $100,000 or More
## Table 0 ##
Table 2—GAAP to Non-GAAP Reconciliation
## Table 1 ##
increased over 4% in 2005, costs for trucking services provided by intermodal carriers remained flat as we substantially reduced expenses associated with network inefficiencies.
Higher diesel fuel prices increased sales and use taxes in 2005, which resulted in higher state and local taxes.
Other contract expenses for equipment maintenance and other services increased in 2005.
The 2005 January West Coast storm and Hurricanes Katrina and Rita also contributed to higher expenses in 2005 (net of insurance settlements received).
Partially offsetting these increases was a reduction in relocation expenses as we incurred higher relocation costs associated with moving support personnel to Omaha, Nebraska during 2004.
Non-Operating Items
## Table 2 ##
Other Income – Lower net gains from non-operating asset sales and higher expenses due to rising interest rates associated with our sale of receivables program resulted in a reduction in other income in 2006, which was partially offset by higher rental income for the use of our right-of-way (including 2006 settlements of rate disputes from prior years) and cash investment returns due to higher interest rates.
In 2005, other income increased largely as a result of higher gains from real estate sales partially offset by higher expenses due to rising interest rates associated with our sale of receivables program.
Interest Expense – Lower interest expense in 2006 and 2005 was primarily due to declining weighted-average debt levels of $7.1 billion, $7.8 billion, and $8.1 billion in 2006, 2005, and 2004, respectively.
A higher effective interest rate of 6.7% in 2006, compared to 6.5% in both 2005 and 2004, partially offset the effects of the declining debt level.
Income Taxes – Income tax expense was $509 million higher in 2006 than 2005.
Higher pre-tax income resulted in additional taxes of $414 million and $118 million of the increase resulted from the one-time reduction in 2005 described below.
Our effective tax rate was 36.4% and 28.6% in 2006 and 2005, respectively.
Income taxes were greater in 2005 than 2004 due to higher pre-tax income partially offset by a previously reported reduction in income tax expense.
In our Quarterly Report on Form 10-Q for the quarter ended June 30, 2005, we reported that the Corporation analyzed the impact that final settlements of pre-1995 tax years had on previously recorded estimates of deferred tax assets and liabilities.
The completed analysis of the final settlements for pre-1995 tax years, along with Internal Revenue Service Examination Reports for tax years 1995 through 2002 were considered, among other things, in a review and re-evaluation of the Corporation’s estimated deferred tax assets and liabilities as of September 30, 2005, resulting in an income tax expense reduction of $118 million in 2005.
The Railroad collected approximately $18.8 billion and $16.3 billion of receivables during the years ended December 31, 2011 and 2010, respectively.
UPRI used certain of these proceeds to purchase new receivables under the facility.
The costs of the receivables securitization facility include interest, which will vary based on prevailing commercial paper rates, program fees paid to banks, commercial paper issuing costs, and fees for unused commitment availability.
The costs of the receivables securitization facility are included in interest expense and were $4 million and $6 million for 2011 and 2010, respectively.
Prior to adoption of the new accounting standard, the costs of the receivables securitization facility were included in other income and were $9 million for 2009.
The investors have no recourse to the Railroad’s other assets, except for customary warranty and indemnity claims.
Creditors of the Railroad do not have recourse to the assets of UPRI.
In August 2011, the receivables securitization facility was renewed for an additional 364-day period at comparable terms and conditions.
Contractual Obligations and Commercial Commitments As described in the notes to the Consolidated Financial Statements and as referenced in the tables below, we have contractual obligations and commercial commitments that may affect our financial condition.
Based on our assessment of the underlying provisions and circumstances of our contractual obligations and commercial commitments, including material sources of off-balance sheet and structured finance arrangements, other than the risks that we and other similarly situated companies face with respect to the condition of the capital markets (as described in Item 1A of Part II of this report), there is no known trend, demand, commitment, event, or uncertainty that is reasonably likely to occur that would have a material adverse effect on our consolidated results of operations, financial condition, or liquidity.
In addition, our commercial obligations, financings, and commitments are customary transactions that are similar to those of other comparable corporations, particularly within the transportation industry.
The following tables identify material obligations and commitments as of December 31, 2011:
## Table 3 ##
[a] Excludes capital lease obligations of $1,874 million and unamortized discount of $364 million.
Includes an interest component of $5,120 million.
[b] Includes leases for locomotives, freight cars, other equipment, and real estate.
[c] Represents total obligations, including interest component of $685 million.
[d] Purchase obligations include locomotive maintenance contracts; purchase commitments for fuel purchases, locomotives, ties, ballast, and rail; and agreements to purchase other goods and services.
For amounts where we cannot reasonably estimate the year of settlement, they are reflected in the Other column.
[e] Includes estimated other post retirement, medical, and life insurance payments and payments made under the unfunded pension plan for the next ten years.
No amounts are included for funded pension obligations as no contributions are currently required.
[f] Future cash flows for income tax contingencies reflect the recorded liability for unrecognized tax benefits, including interest and penalties, as of December 31, 2011.
Where we can reasonably estimate the years in which these liabilities may be settled, this is shown in the table.
For amounts where we cannot reasonably estimate the year of settlement, they are reflected in the Other column.
On December 22, 2017, The Tax Cuts and Jobs Act (the Tax Act) was enacted.
The Tax Act made significant changes to federal tax law, including a reduction in the federal income tax rate from 35% to 21% effective January 1, 2018, 100% bonus depreciation for certain capital expenditures, stricter limits on deductions for interest and certain executive compensation, and a one-time transition tax on previously deferred earnings of certain foreign subsidiaries.
As a result of our initial analysis of the Tax Act and existing implementation guidance, we remeasured our deferred tax assets and liabilities and computed our transition tax liability net of offsetting foreign tax credits.
This resulted in a $5.9 billion reduction in our income tax expense in the fourth quarter of 2017.
We also recorded a $212 million reduction to our operating expense related to income tax adjustments at equity-method affiliates in the fourth quarter of 2017.
The SEC provided guidance in SAB 118 on accounting for the tax effects of the Tax Act.
In accordance with that guidance, some of the income tax effects recorded in 2017 were provisional, including those related to our analysis of 100% bonus depreciation for certain capital expenditures, stricter limits on deductions for certain executive compensation, the one-time transition tax, and the reduction to our operating expense related to income tax adjustments at equity-method affiliates.
The accounting for the income tax effects could have been adjusted during 2018 as a result of continuing analysis of the Tax Act; additional implementation guidance from the Internal Revenue Service (IRS), state tax authorities, the SEC, the FASB, or the Joint Committee on Taxation; and new information from domestic or foreign equity affiliates.
We had no material adjustments to our accounting for the Tax Act during 2018.
In the second quarter of 2018, Iowa and Missouri enacted legislation to reduce their corporate tax rates for future years resulting in a $31 million reduction of our deferred tax expense.
In July of 2017, Illinois enacted legislation to increase its corporate income tax rate effective July 1, 2017.
In the third quarter of 2017, we increased our deferred tax expense by $33 million to reflect the increased tax rate.
Deferred income tax (liabilities)/assets were comprised of the following at December 31:
## Table 4 ##
When appropriate, we record a valuation allowance against deferred tax assets to reflect that these tax assets may not be realized.
In determining whether a valuation allowance is appropriate, we consider whether it is more likely than not that all or some portion of our deferred tax assets will not be realized based on management’s judgments using available evidence for purposes of estimating whether future taxable income will be sufficient to realize a deferred tax asset.
In 2018 and 2017, there were no valuation allowances.
Tax benefits are recognized only for tax positions that are more likely than not to be sustained upon examination by tax authorities.
The amount recognized is measured as the largest amount of benefit that is greater than 50 percent likely to be realized upon settlement.
Unrecognized tax benefits are tax benefits claimed in our tax returns that do not meet these recognition and measurement standards.
Fair Value of Financial Instruments – The fair value of our short- and long-term debt was estimated using a market value price model, which utilizes applicable U. S.  Treasury rates along with current market quotes on comparable debt securities.
All of the inputs used to determine the fair market value of the Corporation’s long-term debt are Level 2 inputs and obtained from an independent source.
At December 31, 2018, the fair value of total debt was $21.9 billion, approximately $0.5 billion less than the carrying value.
At December 31, 2017, the fair value of total debt was $18.2 billion, approximately $1.3 billion more than the carrying value.
The fair value of the Corporation’s debt is a measure of its current value under present market conditions.
It does not impact the financial statements under current accounting rules.
At December 31, 2018, and 2017, approximately $0 and $155 million, respectively of debt securities contained call provisions that allow us to retire the debt instruments prior to final maturity at par, without the payment of fixed call premiums.
The fair value of our cash equivalents approximates their carrying value due to the short-term maturities of these instruments.15.
Debt Total debt as of December 31, 2018, and 2017, is summarized below:
## Table 5 ##

<table><tr><td></td><td> 2012</td><td> 2011</td></tr><tr><td></td><td colspan="2"> (In millions)</td></tr><tr><td>Time deposits of $100,000 or more, maturing in:</td><td></td><td></td></tr><tr><td>3 months or less</td><td>$1,002</td><td>$1,216</td></tr><tr><td>Over 3 through 6 months</td><td>1,168</td><td>1,504</td></tr><tr><td>Over 6 through 12 months</td><td>900</td><td>1,910</td></tr><tr><td>Over 12 months</td><td>1,949</td><td>3,061</td></tr><tr><td></td><td>$5,019</td><td>$7,691</td></tr></table>
<table><tr><td></td><td></td><td colspan="5">For Year Ended December 31</td></tr><tr><td></td><td></td><td>2012</td><td>2011</td><td>2010</td><td>2009</td><td>2008</td></tr><tr><td></td><td></td><td colspan="5">(In millions, except per share data)</td></tr><tr><td> INCOME (LOSS)</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net income (loss) (GAAP)</td><td></td><td>$1,120</td><td>$-215</td><td>$-539</td><td>$-1,031</td><td>$-5,596</td></tr><tr><td>Preferred dividends and accretion (GAAP)</td><td></td><td>-129</td><td>-214</td><td>-224</td><td>-230</td><td>-26</td></tr><tr><td>Net income (loss) available to common shareholders (GAAP)</td><td>A</td><td>991</td><td>-429</td><td>-763</td><td>-1,261</td><td>-5,622</td></tr><tr><td>Income (loss) from discontinued operations, net of tax (GAAP)</td><td></td><td>-59</td><td>-404</td><td>-71</td><td>43</td><td>53</td></tr><tr><td>Income (loss) from continuing operations available to common shareholders (GAAP)</td><td>B</td><td>$1,050</td><td>$-25</td><td>$-692</td><td>$-1,304</td><td>$-5,675</td></tr><tr><td>Income (loss) available to common shareholders (GAAP)</td><td></td><td>$991</td><td>$-429</td><td>$-763</td><td>$-1,261</td><td>$-5,622</td></tr><tr><td>Merger-related charges, pre-tax:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Salaries and employee benefits</td><td></td><td>—</td><td>—</td><td>—</td><td>—</td><td>134</td></tr><tr><td>Net occupancy expense</td><td></td><td>—</td><td>—</td><td>—</td><td>—</td><td>4</td></tr><tr><td>Furniture and equipment expense</td><td></td><td>—</td><td>—</td><td>—</td><td>—</td><td>5</td></tr><tr><td>Other</td><td></td><td>—</td><td>—</td><td>—</td><td>—</td><td>58</td></tr><tr><td>Total merger-related charges, pre-tax</td><td></td><td>—</td><td>—</td><td>—</td><td>—</td><td>201</td></tr><tr><td>Merger-related charges, net of tax</td><td></td><td>—</td><td>—</td><td>—</td><td>—</td><td>125</td></tr><tr><td>Goodwill impairment</td><td></td><td>—</td><td>731</td><td>—</td><td>—</td><td>6,000</td></tr><tr><td>Regulatory charge and related income tax benefit<sup>-1</sup></td><td></td><td>—</td><td>-44</td><td>200</td><td>—</td><td>—</td></tr><tr><td>REIT investment early termination costs, net oftax<sup>-3</sup></td><td></td><td>38</td><td>—</td><td>—</td><td>—</td><td>—</td></tr><tr><td>Adjusted income (loss) available to common shareholders (non-GAAP)</td><td>C</td><td>$1,029</td><td>$258</td><td>$-563</td><td>$-1,261</td><td>$503</td></tr><tr><td>Income (loss) from continuing operations available to common shareholders (GAAP)</td><td></td><td>$1,050</td><td>$-25</td><td>$-692</td><td>$-1,304</td><td>$-5,675</td></tr><tr><td>Merger-related charges, net of tax</td><td></td><td>—</td><td>—</td><td>—</td><td>—</td><td>125</td></tr><tr><td>Goodwill impairment</td><td></td><td>—</td><td>253</td><td>—</td><td>—</td><td>6,000</td></tr><tr><td>Regulatory charge and related income tax benefit<sup>-1</sup></td><td></td><td>—</td><td>-17</td><td>75</td><td>—</td><td>—</td></tr><tr><td>REIT investment early termination costs, net oftax<sup>-3</sup></td><td></td><td>38</td><td>—</td><td>—</td><td>—</td><td>—</td></tr><tr><td>Adjusted income (loss) from continuing operations available to common shareholders (non-GAAP)</td><td>D</td><td>$1,088</td><td>$211</td><td>$-617</td><td>$-1,304</td><td>$450</td></tr><tr><td> EFFICIENCY AND FEE INCOME RATIOS</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Non-interest expense from continuing operations (GAAP)</td><td></td><td>$3,526</td><td>$3,862</td><td>$3,859</td><td>$3,785</td><td>$9,895</td></tr><tr><td>Significant Items:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Merger-related charges</td><td></td><td>—</td><td>—</td><td>—</td><td>—</td><td>-201</td></tr><tr><td>Goodwill impairment</td><td></td><td>—</td><td>-253</td><td>—</td><td>—</td><td>-6,000</td></tr><tr><td>Regulatory charge</td><td></td><td>—</td><td>—</td><td>-75</td><td>—</td><td>—</td></tr><tr><td>Mortgage servicing rights impairment</td><td></td><td>—</td><td>—</td><td>—</td><td>—</td><td>-85</td></tr><tr><td>Loss on extinguishment of debt</td><td></td><td>-11</td><td>—</td><td>-108</td><td>—</td><td>-66</td></tr><tr><td>FDIC special assessment</td><td></td><td>—</td><td>—</td><td>—</td><td>-64</td><td>—</td></tr><tr><td>Securities impairment, net</td><td></td><td>-2</td><td>-2</td><td>-2</td><td>-75</td><td>-23</td></tr><tr><td>Branch consolidation and property and equipment charges</td><td></td><td>—</td><td>-75</td><td>-8</td><td>-53</td><td>—</td></tr><tr><td>REIT investment early termination costs<sup>-3</sup></td><td></td><td>-42</td><td>—</td><td>—</td><td>—</td><td>—</td></tr><tr><td>Adjusted non-interest expense (non-GAAP)</td><td>E</td><td>$3,471</td><td>$3,532</td><td>$3,666</td><td>$3,593</td><td>$3,520</td></tr><tr><td>Net interest income from continuing operations (GAAP)</td><td></td><td>$3,300</td><td>$3,410</td><td>$3,389</td><td>$3,293</td><td>$3,788</td></tr><tr><td>Taxable-equivalent adjustment</td><td></td><td>50</td><td>35</td><td>32</td><td>32</td><td>37</td></tr><tr><td>Net interest income from continuing operations, taxable-equivalent basis</td><td></td><td>3,350</td><td>3,445</td><td>3,421</td><td>3,325</td><td>3,825</td></tr><tr><td>Non-interest income from continuing operations (GAAP)</td><td></td><td>2,100</td><td>2,143</td><td>2,489</td><td>2,765</td><td>2,132</td></tr><tr><td>Significant Items:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Securities gains, net</td><td></td><td>-48</td><td>-112</td><td>-394</td><td>-69</td><td>-92</td></tr><tr><td>Leveraged lease termination gains, net</td><td></td><td>-14</td><td>-8</td><td>-78</td><td>-587</td><td>—</td></tr><tr><td>Visa-related gains</td><td></td><td>—</td><td>—</td><td>—</td><td>-80</td><td>-63</td></tr><tr><td>Gain on early extinguishment of debt</td><td></td><td>—</td><td>—</td><td>—</td><td>-61</td><td>—</td></tr><tr><td>Loss (gain) on sale of mortgage loans</td><td></td><td>—</td><td>3</td><td>-26</td><td>—</td><td>—</td></tr><tr><td>Adjusted non-interest income (non-GAAP)</td><td>F</td><td>2,038</td><td>2,026</td><td>1,991</td><td>1,968</td><td>1,977</td></tr><tr><td>Adjusted total revenue (non-GAAP)</td><td>G</td><td>$5,388</td><td>$5,471</td><td>$5,412</td><td>$5,293</td><td>$5,802</td></tr><tr><td>Fee income ratio (non-GAAP)</td><td>F/G</td><td>37.82%</td><td>37.03%</td><td>36.79%</td><td>37.18%</td><td>34.07%</td></tr><tr><td>Efficiency ratio (non-GAAP)</td><td>E/G</td><td>64.42%</td><td>64.56%</td><td>67.74%</td><td>67.88%</td><td>60.67%</td></tr></table>
<table><tr><td><i>Millions of Dollars</i></td><td>2006</td><td>2005</td><td>2004</td><td>% Change 2006 v 2005</td><td>% Change 2005 v 2004</td></tr><tr><td>Other income</td><td>$118</td><td>$145</td><td>$88</td><td>-19%</td><td>65%</td></tr><tr><td>Interest expense</td><td>-477</td><td>-504</td><td>-527</td><td>-5</td><td>-4</td></tr><tr><td>Income taxes</td><td>-919</td><td>-410</td><td>-252</td><td>124</td><td>63</td></tr></table>
<table><tr><td></td><td></td><td><i>Payments Due by December 31,</i></td></tr><tr><td><i>Contractual Obligations</i><i>Millions</i></td><td><i>Total</i></td><td><i>2012</i></td><td><i>2013</i></td><td><i>2014</i></td><td><i>2015</i></td><td><i>2016</i></td><td><i>After 2016</i></td><td><i>Other</i></td></tr><tr><td>Debt [a]</td><td>$12,516</td><td>$538</td><td>$852</td><td>$887</td><td>$615</td><td>$652</td><td>$8,972</td><td>$-</td></tr><tr><td>Operating leases [b]</td><td>4,528</td><td>525</td><td>489</td><td>415</td><td>372</td><td>347</td><td>2,380</td><td>-</td></tr><tr><td>Capital lease obligations [c]</td><td>2,559</td><td>297</td><td>269</td><td>276</td><td>276</td><td>262</td><td>1,179</td><td>-</td></tr><tr><td>Purchase obligations [d]</td><td>5,137</td><td>2,598</td><td>568</td><td>560</td><td>276</td><td>245</td><td>858</td><td>32</td></tr><tr><td>Other post retirement benefits [e]</td><td>249</td><td>26</td><td>26</td><td>26</td><td>26</td><td>26</td><td>119</td><td>-</td></tr><tr><td>Income tax contingencies [f]</td><td>107</td><td>31</td><td>-</td><td>-</td><td>-</td><td>-</td><td>-</td><td>76</td></tr><tr><td>Total contractualobligations</td><td>$25,096</td><td>$4,015</td><td>$2,204</td><td>$2,164</td><td>$1,565</td><td>$1,532</td><td>$13,508</td><td>$108</td></tr></table>
<table><tr><td>Millions</td><td>2018</td><td>2017</td></tr><tr><td>Deferred income tax liabilities:</td><td></td><td></td></tr><tr><td>Property</td><td>$-11,590</td><td>$-11,262</td></tr><tr><td>Other</td><td>-213</td><td>-197</td></tr><tr><td>Total deferred income tax liabilities</td><td>-11,803</td><td>-11,459</td></tr><tr><td>Deferred income tax assets:</td><td></td><td></td></tr><tr><td>Accrued wages</td><td>46</td><td>46</td></tr><tr><td>Accrued casualty costs</td><td>148</td><td>147</td></tr><tr><td>Stock compensation</td><td>44</td><td>46</td></tr><tr><td>Retiree benefits</td><td>138</td><td>141</td></tr><tr><td>Credits</td><td>-</td><td>1</td></tr><tr><td>Other</td><td>125</td><td>142</td></tr><tr><td>Total deferred income tax assets</td><td>$501</td><td>$523</td></tr><tr><td>Net deferred income tax liability</td><td>$-11,302</td><td>$-10,936</td></tr></table>
<table><tr><td>Millions</td><td>2018</td><td>2017</td></tr><tr><td>Notes and debentures, 1.8% to 7.9% due through 2067</td><td>$20,627</td><td>$15,096</td></tr><tr><td>Equipment obligations, 2.6% to 6.7% due through 2031</td><td>969</td><td>1,018</td></tr><tr><td>Capitalized leases, 3.1% to 8.0% due through 2028</td><td>754</td><td>892</td></tr><tr><td>Receivables Securitization (Note 11)</td><td>400</td><td>500</td></tr><tr><td>Term loans - floating rate, due in 2019</td><td>250</td><td>250</td></tr><tr><td>Commercial paper,2.6%to 2.8% due in 2019</td><td>200</td><td>-</td></tr><tr><td>Medium-term notes,9.3%to 10.0% due through 2020</td><td>8</td><td>18</td></tr><tr><td>Mortgage bonds, redeemed March 15, 2018</td><td>-</td><td>57</td></tr><tr><td>Unamortized discount and deferred issuance costs</td><td>-817</td><td>-887</td></tr><tr><td>Total debt</td><td>22,391</td><td>16,944</td></tr><tr><td>Less: current portion</td><td>-1,466</td><td>-800</td></tr><tr><td>Total long-term debt</td><td>$20,925</td><td>$16,144</td></tr></table>

Question: What was the average value of the Income (loss) from discontinued operations, net of tax (GAAP) in the years where Non-interest expense from continuing operations (GAAP) is positive? (in million)