1.
Organization and Significant Accounting Policies (continued) Commodity Futures Contracts In addition to entering into supply arrangements in the normal course of business, the company, primarily for its discontinued operation, also enters into futures contracts to fix the cost of certain raw material purchases, principally copper and aluminum, with the objective of minimizing changes in cost due to market price fluctuations.
The hedging strategy for achieving this objective is to purchase commodities futures contracts on the open market of the London Metals Exchange (LME) or over the counter contracts based on the LME.
With one of its brokers, the company is required to make cash deposits on unrealized losses on commodity derivative contracts that exceed $10.0 million.
The after-tax gain of the effective portion of the contracts of $5.8 million as of December 31, 2010 was recorded in accumulated other comprehensive loss, and will be reclassified into cost of products sold or earnings from discontinued operations in the period in which the underlying transaction is recorded in earnings.
The effective portion of the contracts will be reclassified within one year.
Contracts related to the company's discontinued operation that expire after the expected closing date no longer qualify for hedge accounting, therefore the change in valuation from the announcement of the sale to year end of $0.7 million was recorded in earnings from discontinued operations.
Commodity hedges outstanding at December 31, 2010 are a total of approximately 10.9 million pounds of copper and aluminum.
Foreign Currency Forward Contracts The company is exposed to foreign currency exchange risk as a result of transactions in currencies other than the functional currency of certain subsidiaries.
The company utilizes foreign currency forward purchase and sale contracts to manage the volatility associated with foreign currency purchases, sales and certain intercompany transactions in the normal course of business.
Principal currencies include the Mexican peso, Canadian dollar and Euro.
Gains and losses on these instruments are recorded in accumulated other comprehensive loss, net of tax, until the underlying transaction is recorded in earnings.
When the hedged item is realized, gains or losses are reclassified from accumulated other comprehensive loss to the statement of earnings.
The assessment of effectiveness for forward contracts is based on changes in the forward rates.
These hedges have been determined to be effective.
The majority of the amounts in accumulated other comprehensive loss for cash flow hedges is expected to be reclassified into earnings within one year and all of the hedges will be reclassified into earnings no later than September 4, 2012.
Contracts related to the company's discontinued operation that expire after the expected closing date no longer qualify for hedge accounting, therefore the change in valuation from the announcement of the sale to year end of $0.4 million was recorded in earnings from discontinued operations.
The following table summarizes, by currency, the contractual amounts of the company's foreign currency forward contracts for continuing operations.
## Table 0 ##
Interest Rate Swap Agreement The company is exposed to interest rate risk as a result of its floating rate borrowings under its revolving credit facility.
The company used interest rate swaps to manage this risk.
The company's one interest rate swap in the amount of $25 million expired in November 2010.
The interest rate swap was designated and accounted for as a cash flow hedge of floating rate debt.
A derivative interest rate liability of $1.0 million as of December 31, 2009 was recorded in accrued liabilities.
Gains and losses on this instrument were recorded in accumulated other comprehensive loss, net of tax, until the underlying transaction was recorded in earnings.
When
by the parties.
On September 16, 2013, the Goretzka family filed Limited Objections to the settlement.
Reply comments were filed by WP on September 30, 2013.
The PPUC entered an Opinion and Order on January 9, 2014 approving the Settlement with limited modifications regarding the frequency of refresher training and reporting obligations.
WP filed a letter on January 17, 2014 accepting those modifications and noting its intent to begin implementation of the settlement terms.
There are various lawsuits, claims (including claims for asbestos exposure) and proceedings related to FirstEnergy's normal business operations pending against FirstEnergy and its subsidiaries.
The loss or range of loss in these matters is not expected to be material to FirstEnergy or its subsidiaries.
The other potentially material items not otherwise discussed above are described under Note 15, Regulatory Matters of the Combined Notes to Consolidated Financial Statements.
FirstEnergy accrues legal liabilities only when it concludes that it is probable that it has an obligation for such costs and can reasonably estimate the amount of such costs.
In cases where FirstEnergy determines that it is not probable, but reasonably possible that it has a material obligation, it discloses such obligations and the possible loss or range of loss if such estimate can be made.
If it were ultimately determined that FirstEnergy or its subsidiaries have legal liability or are otherwise made subject to liability based on any of the matters referenced above, it could have a material adverse effect on FirstEnergy's or its subsidiaries' financial condition, results of operations and cash flows.17.
TRANSACTIONS WITH AFFILIATED COMPANIES FES’ operating revenues, operating expenses, investment income and interest expenses include transactions with affiliated companies.
These affiliated company transactions include affiliated company power sales agreements between FirstEnergy's competitive and regulated companies, support service billings, interest on affiliated company notes including the money pools and other transactions.
FirstEnergy's competitive companies at times provide power through affiliated company power sales to meet a portion of the Utilities' POLR and default service requirements.
The primary affiliated company transactions for FES during the three years ended December 31, 2013 are as follows:
## Table 1 ##
FirstEnergy does not bill directly or allocate any of its costs to any subsidiary company.
Costs are allocated to FES and the Utilities from FESC, AESC and FENOC.
The majority of costs are directly billed or assigned at no more than cost.
The remaining costs are for services that are provided on behalf of more than one company, or costs that cannot be precisely identified and are allocated using formulas developed by FESC, AESC and FENOC.
The current allocation or assignment formulas used and their bases include multiple factor formulas: each company’s proportionate amount of FirstEnergy’s aggregate direct payroll, number of employees, asset balances, revenues, number of customers, other factors and specific departmental charge ratios.
Management believes that these allocation methods are reasonable.
Intercompany transactions are generally settled under commercial terms within thirty days.
FES purchases the entire output of the generation facilities owned by FG and NG, and may purchase the uncommitted output of AE Supply, as well as the output relating to leasehold interests of OE and TE in certain of those facilities that are subject to sale and leaseback arrangements, and pursuant to full output, cost-of-service PSAs.
FES and the Utilities are parties to an intercompany income tax allocation agreement with FirstEnergy and its other subsidiaries that provides for the allocation of consolidated tax liabilities.
Net tax benefits attributable to FirstEnergy are generally reallocated to the subsidiaries of FirstEnergy that have taxable income.
That allocation is accounted for as a capital contribution to the company receiving the tax benefit (see Note 5, Taxes).
SEALED AIR CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements (Continued) (Amounts in tables in millions of dollars, except share and per share data) Note 3 Business Segment Information (Continued) The allocation of goodwill in accordance with SFAS No.142 for the years ended December 31, 2004 and 2003 was as follows:
## Table 2 ##
Note 4 Accounts Receivable Securitization In December 2001, the Company and a group of its U. S.  subsidiaries entered into an accounts receivable securitization program with a bank and an issuer of commercial paper administered by the bank.
On December 7, 2004, which was the scheduled expiration date of this program, the parties extended this program for an additional term of three years ending December 7, 2007.
Under this receivables facility, the Company’s two primary operating subsidiaries, Cryovac, Inc.  and Sealed Air Corporation (US), sell all of their eligible U. S.  accounts receivable to Sealed Air Funding Corporation, an indirectly wholly-owned subsidiary of the Company that was formed for the sole purpose of entering into the receivables facility.
Sealed Air Funding in turn may sell undivided ownership interests in these receivables to the bank and the issuer of commercial paper, subject to specified conditions, up to a maximum of $125.0 million of receivables interests outstanding from time to time.
Sealed Air Funding retains the receivables it purchases from the operating subsidiaries, except those as to which it sells receivables interests to the bank or the issuer of commercial paper.
The Company has structured the sales of accounts receivable by the operating subsidiaries to Sealed Air Funding, and the sales of receivables interests from Sealed Air Funding to the bank and the issuer of commercial paper, as ‘‘true sales’’ under applicable laws.
The assets of Sealed Air Funding are not available to pay any creditors of the Company or of its subsidiaries or affiliates.
The Company accounts for these transactions as sales of receivables under the provisions of SFAS No.140, ‘‘Accounting for Transfers and Servicing of Financial Assets and Extinguishment of Liabilities.
’’ To secure the performance of their obligations under the receivables facility, Sealed Air Funding and the operating subsidiaries granted a first priority security interest to the bank, as agent, in accounts receivable owned by them, proceeds and collections of those receivables and other collateral.
The bank and the issuer of commercial paper have no recourse to the Company’s, the operating subsidiaries’ or

<table><tr><td>December 31 (dollars in millions)</td><td colspan="2">2010</td><td colspan="2">2009</td></tr><tr><td></td><td>Buy</td><td>Sell</td><td>Buy</td><td>Sell</td></tr><tr><td>Euro</td><td>$-</td><td>$2.2</td><td>$-</td><td>$1.5</td></tr><tr><td>Canadian dollar</td><td>-</td><td>35.4</td><td>-</td><td>18.9</td></tr><tr><td>Mexican peso</td><td>11.2</td><td>-</td><td>10.9</td><td>-</td></tr><tr><td>Total</td><td>$11.2</td><td>$37.6</td><td>$10.9</td><td>$20.4</td></tr></table>
<table><tr><td>FES</td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td></td><td colspan="3">(In millions)</td></tr><tr><td>Revenues:</td><td></td><td></td><td></td></tr><tr><td>Electric sales to affiliates</td><td>$652</td><td>$515</td><td>$752</td></tr><tr><td>Other</td><td>6</td><td>16</td><td>80</td></tr><tr><td>Expenses:</td><td></td><td></td><td></td></tr><tr><td>Purchased power from affiliates</td><td>486</td><td>451</td><td>242</td></tr><tr><td>Fuel</td><td>—</td><td>2</td><td>37</td></tr><tr><td>Support services</td><td>619</td><td>570</td><td>655</td></tr><tr><td>Investment Income:</td><td></td><td></td><td></td></tr><tr><td>Interest income from FE</td><td>2</td><td>2</td><td>2</td></tr><tr><td>Interest Expense:</td><td></td><td></td><td></td></tr><tr><td>Interest expense to affiliates</td><td>4</td><td>10</td><td>8</td></tr><tr><td>Interest expense to FE</td><td>6</td><td>1</td><td>1</td></tr></table>
<table><tr><td> </td><td> Balance at Beginning of Period</td><td> Goodwill Acquired During the Year</td><td> Foreign Currency Translation and Other</td><td> Balance at End of Period</td></tr><tr><td>Year Ended December 31, 2004</td><td></td><td></td><td></td><td></td></tr><tr><td>Food Packaging</td><td>$547.2</td><td>$—</td><td>$11.4</td><td>$558.6</td></tr><tr><td>Protective Packaging</td><td>1,392.3</td><td>2.3</td><td>0.2</td><td>1,394.8</td></tr><tr><td>Total</td><td>$1,939.5</td><td>$2.3</td><td>$11.6</td><td>$1,953.4</td></tr><tr><td> Year Ended December 31, 2003</td><td></td><td></td><td></td><td></td></tr><tr><td>Food Packaging</td><td>$535.3</td><td>$—</td><td>$11.9</td><td>$547.2</td></tr><tr><td>Protective Packaging</td><td>1,390.9</td><td>0.5</td><td>0.9</td><td>1,392.3</td></tr><tr><td>Total</td><td>$1,926.2</td><td>$0.5</td><td>$12.8</td><td>$1,939.5</td></tr></table>

Question: What is the ratio of Food Packaging for Balance at End of Period to the total in 2003?
Answer: 0.28213