Investing Activities For the year ended 30 September 2014, cash used for investing activities was $1,638.0, primarily capital expenditures for plant and equipment.
For the year ended 30 September 2013, cash used for investing activities was $1,697.0, primarily capital expenditures for plant and equipment and acquisitions.
For the year ended 30 September 2012, cash used for investing activities was $2,435.2, primarily capital expenditures for plant and equipment, acquisitions, and investments in unconsolidated affiliates.
Refer to the Capital Expenditures section below for additional detail.
Capital Expenditures Capital expenditures are detailed in the following table:
## Table 0 ##
(A) We utilize a non-GAAP measure in the computation of capital expenditures and include spending associated with facilities accounted for as capital leases and purchases of noncontrolling interests.
Certain contracts associated with facilities that are built to provide product to a specific customer are required to be accounted for as leases, and such spending is reflected as a use of cash within cash provided by operating activities, if the arrangement qualifies as a capital lease.
Additionally, the payment for subsidiary shares from noncontrolling interests in a subsidiary is accounted for as an equity transaction and will be reflected as a financing activity in the statement of cash flows.
The presentation of this non-GAAP measure is intended to enhance the usefulness of information by providing a measure that our management uses internally to evaluate and manage our expenditures.
Capital expenditures on a GAAP basis in 2014 totaled $1,682.2, compared to $1,747.8 in 2013.
The decrease of $65.6 was primarily due to the acquisitions in 2013.
Additions to plant and equipment are largely in support of the Merchant Gases and Tonnage Gases businesses.
Additions to plant and equipment also included support capital of a routine, ongoing nature, including expenditures for distribution equipment and facility improvements.
Spending in 2014 and 2013 included plant and equipment constructed to provide oxygen for coal gasification in China, hydrogen to the global market, and renewable energy in the U. K.  In 2013, we completed three acquisitions with an aggregate cash use, net of cash acquired, of $224.9.
In the fourth quarter, we acquired an air separation unit and integrated gases liquefier in Guiyang, China.
During the third quarter, we acquired EPCO, the largest independent U. S.  producer of liquid carbon dioxide (CO2), and WCG.
In 2012, we acquired a controlling stake in Indura S. A.  for $690 and E. I.  DuPont de Nemours and Co. , Inc. ’s 50% interest in our joint venture, DA NanoMaterials for $147.
We also purchased a 25% equity interest in Abdullah Hashim Industrial Gases & Equipment Co.  Ltd.  (AHG), an unconsolidated affiliate, for $155.
Refer to Note 5, Business Combinations, and Note 7, Summarized Financial Information of Equity Affiliates, to the consolidated financial statements for additional details regarding the acquisitions and the investments.
Capital expenditures on a non-GAAP basis in 2014 totaled $1,885.1 compared to $1,996.7 in 2013.
Capital lease expenditures of $202.4 decreased by $32.5, reflecting lower project spending.2015 Outlook Excluding acquisitions, capital expenditures for new plant and equipment in 2015 on a GAAP basis are expected to be between $1,650 and $1,800, and on a non-GAAP basis are expected to be between $1,700 and $1,900.
The non-GAAP capital expenditures include spending associated with facilities accounted for as capital leases, which are expected to be between $50 and $100.
A majority of the total capital expenditures is expected to be for new plants.
It is anticipated that capital expenditures will be funded principally with cash from continuing operations.
In addition, we intend to continue to evaluate acquisition opportunities and investments in equity affiliates.
Financing Activities For the year ended 2014, cash used by financing activities was $504.3 primarily attributable to cash used to pay dividends of $627.7, which was partially offset by proceeds from stock option exercises of $141.6.
Our borrowings (short- and long-term proceeds, net of repayments) were a net source of cash (issuance) of $1.1 and included $148.7 of net commercial paper and other short-term debt issuances, debt proceeds from the issuance of a
The table below provides information on the Corporation’s primary modification programs for the renegotiated TDR portfolio for loans that were modified in TDRs during 2011.
## Table 1 ##
Credit card and other consumer loans are deemed to be in payment default during the quarter in which a borrower misses the second of two consecutive payments.
Payment defaults are one of the factors considered when projecting future cash flows in the calculation of the allowance for loan losses for impaired credit card and other consumer loans.
Loans that entered into payment default during 2011 and that had been modified in a TDR during the 12 months preceding payment default were $863 million for U. S.  credit card, $409 million for non-U.
S.  credit card and $180 million for direct/indirect consumer.
Commercial Loans Impaired commercial loans, which include nonperforming loans and TDRs (both performing and nonperforming) are primarily measured based on the present value of payments expected to be received, discounted at the loan’s original effective interest rate.
Commercial impaired loans may also be measured based on observable market prices or, for loans that are solely dependent on the collateral for repayment, the estimated fair value of collateral less estimated costs to sell.
If the carrying value of a loan exceeds this amount, a specific allowance is recorded as a component of the allowance for loan and lease losses.
Modifications of loans to commercial borrowers that are experiencing financial difficulty are designed to reduce the Corporation’s loss exposure while providing the borrower with an opportunity to work through financial difficulties, often to avoid foreclosure or bankruptcy.
Each modification is unique and reflects the individual circumstances of the borrower.
Modifications that result in a TDR may include extensions of maturity at a concessionary (below market) rate of interest, payment forbearances or other actions designed to benefit the customer while mitigating the Corporation’s risk exposure.
Reductions in interest rates are rare.
Instead, the interest rates are typically increased, although the increased rate may not represent a market rate of interest.
Infrequently, concessions may also include principal forgiveness in connection with foreclosure, short sale or other settlement agreements leading to termination or sale of the loan.
At the time of restructuring, the loans are remeasured to reflect the impact, if any, on projected cash flows, observable market prices or collateral value resulting from the modified terms.
If there was no forgiveness of principal and the interest rate was not decreased, the modification may have little or no impact on the allowance established for the loan.
If a portion of the loan is deemed to be uncollectible, a charge-off may be recorded at the time of restructuring.
Alternatively, a charge-off may have already been recorded in a previous period such that no charge-off is required at the time of modification.
At December 31, 2011 and 2010, remaining commitments to lend additional funds to debtors whose terms have been modified in a commercial loan TDR were immaterial.
Commercial foreclosed properties totaled $612 million and $725 million at December 31, 2011 and 2010.
Table 40 presents commercial credit exposure by type for utilized, unfunded and total binding committed credit exposure.
Commercial utilized credit exposure includes SBLCs, financial guarantees, bankers’ acceptances and commercial letters of credit for which the Corporation is legally bound to advance funds under prescribed conditions, during a specified period.
Although funds have not yet been advanced, these exposure types are considered utilized for credit risk management purposes.
Total commercial committed credit exposure increased $10.4 billion at December 31, 2011 compared to December 31, 2010 driven primarily by increases in loans and leases, partially offset by decreases in SBLCs, LHFS and bankers’ acceptances.
Total commercial utilized credit exposure increased $6.1 billion in 2011 driven primarily by increases in loans and leases, partially offset by decreases in SBLCs, LHFS and bankers’ acceptances.
Utilized loans and leases increased primarily due to growth and higher revolver utilization in our international franchise, and were partially offset by run-off in the commercial real estate portfolio and the transfer of securities-based lending exposures from our U. S.  commercial portfolio to the consumer portfolio during 2011.
The utilization rate for loans and leases, SBLCs and financial guarantees, and bankers’ acceptances was 57 percent at both December 31, 2011 and 2010.
## Table 2 ##
(1) Total commercial utilized exposure at December 31, 2011 and 2010 includes loans outstanding of $6.6 billion and $3.3 billion and letters of credit with a notional value of $1.3 billion and $1.4 billion accounted for under the fair value option.
(2) Total commercial unfunded exposure at December 31, 2011 and 2010 includes loan commitments accounted for under the fair value option with a notional value of $24.4 billion and $25.9 billion.
(3) Excludes unused business card lines which are not legally binding.
(4) Derivative assets are carried at fair value, reflect the effects of legally enforceable master netting agreements and have been reduced by cash collateral of $58.9 billion and $58.3 billion at December 31, 2011 and 2010.
Not reflected in utilized and committed exposure is additional derivative collateral held of $16.1 billion and $17.7 billion which consists primarily of other marketable securities.
(5) Total commercial committed exposure consists of $16.3 billion and $14.2 billion of debt securities and $0 and $590 million of other investments at December 31, 2011 and 2010.
(6) Includes $1.3 billion of net monoline exposure at December 31, 2011, as discussed in Monoline and Related Exposure on page 95.
Table 41 presents commercial utilized reservable criticized exposure by product type.
Criticized exposure corresponds to the Special Mention, Substandard and Doubtful asset categories as defined by regulatory authorities.
Total commercial utilized reservable criticized exposure decreased $15.4 billion, or 36 percent, in 2011 due to broad-based decreases across most portfolios, primarily in commercial real estate and U. S.  commercial driven largely by continued paydowns, sales and ratings upgrades outpacing downgrades.
Despite the improvements, utilized reservable criticized levels remain elevated, particularly in commercial real estate and U. S.  small business commercial.
At December 31, 2011, approximately 85 percent of commercial utilized reservable criticized exposure was secured compared to 88 percent at December 31, 2010.
## Table 3 ##
(1) Total commercial utilized reservable criticized exposure at December 31, 2011 and 2010 includes loans and leases of $25.3 billion and $39.8 billion and commercial letters of credit of $1.9 billion and $2.8 billion.
(2) Percentages are calculated as commercial utilized reservable criticized exposure divided by total commercial utilized reservable exposure for each exposure category.
U. S.  Commercial At December 31, 2011, 58 percent of the U. S.  commercial loan portfolio, excluding small business, was managed in Global Commercial Banking and 30 percent in GBAM.
The remaining 12 percent was mostly in GWIM (business-purpose loans for wealthy clients).
U. S.  commercial loans, excluding loans accounted for under the fair value option, increased $4.4 billion in 2011 due to continued growth and higher revolver utilization across the portfolio.
This increase was net of a product reclassification for certain trade loans to non-U.
S.  commercial in 2011, as well as

<table><tr><td></td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td>Additions to plant and equipment</td><td>$1,684.2</td><td>$1,524.2</td><td>$1,521.0</td></tr><tr><td>Acquisitions, less cash acquired</td><td>—</td><td>224.9</td><td>863.4</td></tr><tr><td>Investments in and advances to unconsolidated affiliates</td><td>-2.0</td><td>-1.3</td><td>175.4</td></tr><tr><td>Capital Expenditures on a GAAP Basis</td><td>$1,682.2</td><td>$1,747.8</td><td>$2,559.8</td></tr><tr><td>Capital lease expenditures<sup>(A)</sup></td><td>202.4</td><td>234.9</td><td>212.2</td></tr><tr><td>Purchase of noncontrolling interests in asubsidiary<sup>(A)</sup></td><td>.5</td><td>14.0</td><td>6.3</td></tr><tr><td>Capital Expenditures on a Non-GAAP Basis</td><td>$1,885.1</td><td>$1,996.7</td><td>$2,778.3</td></tr></table>
<table><tr><td></td><td colspan="4">Renegotiated TDRs Entered into During 2011 December 31, 2011</td></tr><tr><td>(Dollars in millions)</td><td>Internal Programs</td><td>External Programs</td><td>Other</td><td>Total</td></tr><tr><td>U.S. credit card</td><td>$492</td><td>$407</td><td>$3</td><td>$902</td></tr><tr><td>Non-U.S. credit card</td><td>163</td><td>158</td><td>1</td><td>322</td></tr><tr><td>Direct/Indirect consumer</td><td>112</td><td>87</td><td>—</td><td>199</td></tr><tr><td>Total renegotiated TDR loans</td><td>$767</td><td>$652</td><td>$4</td><td>$1,423</td></tr></table>
<table><tr><td>Table 40</td><td colspan="6">Commercial Credit Exposure by Type December 31</td></tr><tr><td></td><td colspan="2">Commercial Utilized<sup>-1</sup></td><td colspan="2">CommercialUnfunded<sup>-2, 3</sup></td><td colspan="2">Total Commercial Committed</td></tr><tr><td>(Dollars in millions)</td><td>2011</td><td>2010</td><td>2011</td><td>2010</td><td>2011</td><td>2010</td></tr><tr><td>Loans and leases</td><td>$316,816</td><td>$296,990</td><td>$276,195</td><td>$272,172</td><td>$593,011</td><td>$569,162</td></tr><tr><td>Derivative assets<sup>-4</sup></td><td>73,023</td><td>73,000</td><td>—</td><td>—</td><td>73,023</td><td>73,000</td></tr><tr><td>Standby letters of credit and financial guarantees</td><td>55,384</td><td>62,745</td><td>1,592</td><td>1,511</td><td>56,976</td><td>64,256</td></tr><tr><td>Debt securities and other investments<sup>-5</sup></td><td>11,108</td><td>10,216</td><td>5,147</td><td>4,546</td><td>16,255</td><td>14,762</td></tr><tr><td>Loans held-for-sale</td><td>5,006</td><td>10,380</td><td>229</td><td>242</td><td>5,235</td><td>10,622</td></tr><tr><td>Commercial letters of credit</td><td>2,411</td><td>2,654</td><td>832</td><td>1,179</td><td>3,243</td><td>3,833</td></tr><tr><td>Bankers’ acceptances</td><td>797</td><td>3,706</td><td>28</td><td>23</td><td>825</td><td>3,729</td></tr><tr><td>Foreclosed properties and other<sup>-6</sup></td><td>1,964</td><td>731</td><td>—</td><td>—</td><td>1,964</td><td>731</td></tr><tr><td>Total</td><td>$466,509</td><td>$460,422</td><td>$284,023</td><td>$279,673</td><td>$750,532</td><td>$740,095</td></tr></table>
<table><tr><td>Table 41</td><td colspan="4">Commercial Utilized Reservable Criticized Exposure December 31</td></tr><tr><td></td><td colspan="2">2011</td><td colspan="2">2010</td></tr><tr><td>(Dollars in millions)</td><td>Amount<sup>-1</sup></td><td>Percent<sup>-2</sup></td><td>Amount<sup>-1</sup></td><td>Percent<sup>-2</sup></td></tr><tr><td>U.S. commercial</td><td>$11,731</td><td>5.16%</td><td>$17,195</td><td>7.44%</td></tr><tr><td>Commercial real estate</td><td>11,525</td><td>27.13</td><td>20,518</td><td>38.88</td></tr><tr><td>Commercial lease financing</td><td>1,140</td><td>5.18</td><td>1,188</td><td>5.41</td></tr><tr><td>Non-U.S. commercial</td><td>1,524</td><td>2.44</td><td>2,043</td><td>5.01</td></tr><tr><td></td><td>25,920</td><td>7.32</td><td>40,944</td><td>11.81</td></tr><tr><td>U.S. small business commercial</td><td>1,327</td><td>10.01</td><td>1,677</td><td>11.37</td></tr><tr><td>Total commercial utilized reservable criticized exposure</td><td>$27,247</td><td>7.41</td><td>$42,621</td><td>11.80</td></tr></table>

Question: What's the current growth rate of Loans and leases? (in %)
Answer: 0.0419