Notes to Consolidated Financial Statements – (continued) (Amounts in Millions, Except Per Share Amounts) Guarantees We have guaranteed certain obligations of our subsidiaries relating principally to operating leases and uncommitted lines of credit of certain subsidiaries.
As of December 31, 2018 and 2017, the amount of parent company guarantees on lease obligations was $824.5 and $829.2, respectively, the amount of parent company guarantees primarily relating to uncommitted lines of credit was $349.1 and $308.8, respectively, and the amount of parent company guarantees related to daylight overdrafts, primarily utilized to manage intra-day overdrafts due to timing of transactions under cash pooling arrangements without resulting in incremental borrowings, was $207.8 and $182.2, respectively.
In the event of non-payment by the applicable subsidiary of the obligations covered by a guarantee, we would be obligated to pay the amounts covered by that guarantee.
As of December 31, 2018, there were no material assets pledged as security for such parent company guarantees.
Contingent Acquisition Obligations The following table details the estimated future contingent acquisition obligations payable in cash as of December 31, 2018.
## Table 0 ##
1 We have entered into certain acquisitions that contain both redeemable noncontrolling interests and call options with similar terms and conditions.
The estimated amounts listed would be paid in the event of exercise at the earliest exercise date.
We have certain redeemable noncontrolling interests that are exercisable at the discretion of the noncontrolling equity owners as of December 31, 2018.
These estimated payments of $24.9 are included within the total payments expected to be made in 2019, and will continue to be carried forward into 2020 or beyond until exercised or expired.
Redeemable noncontrolling interests are included in the table at current exercise price payable in cash, not at applicable redemption value, in accordance with the authoritative guidance for classification and measurement of redeemable securities.
The majority of these payments are contingent upon achieving projected operating performance targets and satisfying other conditions specified in the related agreements and are subject to revision in accordance with the terms of the respective agreements.
See Note 5 for further information relating to the payment structure of our acquisitions.
Legal Matters We are involved in various legal proceedings, and subject to investigations, inspections, audits, inquiries and similar actions by governmental authorities arising in the normal course of business.
The types of allegations that arise in connection with such legal proceedings vary in nature, but can include claims related to contract, employment, tax and intellectual property matters.
We evaluate all cases each reporting period and record liabilities for losses from legal proceedings when we determine that it is probable that the outcome in a legal proceeding will be unfavorable and the amount, or potential range, of loss can be reasonably estimated.
In certain cases, we cannot reasonably estimate the potential loss because, for example, the litigation is in its early stages.
While any outcome related to litigation or such governmental proceedings in which we are involved cannot be predicted with certainty, management believes that the outcome of these matters, individually and in the aggregate, will not have a material adverse effect on our financial condition, results of operations or cash flows.
As previously disclosed, on April 10, 2015, a federal judge in Brazil authorized the search of the records of an agency’s offices in S?o Paulo and Brasilia, in connection with an ongoing investigation by Brazilian authorities involving payments potentially connected to local government contracts.
The Company had previously investigated the matter and taken a number of remedial and disciplinary actions.
The Company has been in the process of concluding a settlement related to these matters with government agencies, and that settlement was fully executed in April 2018.
The Company has previously provided for such settlement in its Consolidated Financial Statements.
Note 5 Equity During the year ended December 30, 2006, the Company revised the classification of $101.4 million of prior net losses realized upon reissuance of treasury shares from capital in excess of par value to retained earnings on the Consolidated Balance Sheet.
Such reissuances occurred in connection with employee and director stock option exercises and other share-based settlements.
The revision did not have an effect on the Company’s results of operations, total shareholders’ equity, or cash flows.
Earnings per share Basic net earnings per share is determined by dividing net earnings by the weighted-average number of common shares outstanding during the period.
Diluted net earnings per share is similarly determined, except that the denominator is increased to include the number of additional common shares that would have been outstanding if all dilutive potential common shares had been issued.
Dilutive potential common shares are comprised principally of employee stock options issued by the Company.
Basic net earnings per share is reconciled to diluted net earnings per share in the following table.
The total number of anti-dilutive potential common shares excluded from the reconciliation for each period was (in millions): 2006 .7; 2005 1.5; 2004 4.3.
## Table 1 ##
Stock transactions The Company issues shares to employees and directors under various equity-based compensation and stock purchase programs, as further discussed in Note 8.
The number of shares issued during the periods presented was (in millions): 2006 7.2; 2005 7.7; 2004 10.7.
Additionally, during 2006, the Company established Kellogg DirectTM, a direct stock purchase and dividend reinvestment plan for U. S.  shareholders and issued less than .1 million shares for that purpose in 2006.
To offset these issuances and for general corporate purposes, the Company’s Board of Directors has authorized management to repurchase specified amounts of the Company’s common stock in each of the periods presented.
In 2006, the Company spent $650 million to repurchase approximately 14.9 million shares.
This activity consisted principally of a February 2006 private transaction with the W. K.  Kellogg Foundation Trust to repurchase approximately 12.8 million shares for $550 million.
In 2005, the Company spent $664 million to repurchase approximately 15.4 million shares.
This activity consisted principally of a November 2005 private transaction with the W. K.  Kellogg Foundation Trust to repurchase approximately 9.4 million shares for $400 million.
In 2004, the Company spent $298 million to repurchase approximately 7.3 million shares.
On December 8, 2006, the Company’s Board of Directors authorized a stock repurchase program of up to $650 million for 2007.
Comprehensive income Comprehensive income includes net earnings and all other changes in equity during a period except those resulting from investments by or distributions to shareholders.
Other comprehensive income for the periods presented consists of foreign currency translation adjustments pursuant to SFAS No.52 “Foreign Currency Translation,” unrealized gains and losses on cash flow hedges pursuant to SFAS No.133 “Accounting for Derivative Instruments and Hedging Activities,” and minimum pension liability adjustments pursuant to SFAS No.87 “Employers’ Accounting for Pensions.
” Additionally, accumulated other comprehensive income at December 30, 2006, reflects the adoption of SFAS No.158 “Employers’ Accounting for Defined Benefit Pension and Other Postretirement Plans” as of the
PRUDENTIAL FINANCIAL, INC.  Notes to Consolidated Financial Statements 20.
FAIR VALUE OF ASSETS AND LIABILITIES (continued)
## Table 2 ##
Year Ended December 31, 2009
## Table 3 ##
(1) Other represents the impact of consolidation or deconsolidation of funds and reclasses of certain assets between reporting categories.
(2) Transfers into or out of Level 3 are generally reported as the value as of the beginning of the quarter in which the transfer occurs.
(3) Unrealized gains or losses related to assets still held at the end of the period do not include amortization or accretion of premiums and discounts.
(4) Separate account assets represent segregated funds that are invested for certain customers.
Investment risks associated with market value changes are borne by the customers, except to the extent of minimum guarantees made by the Company with respect to certain accounts.
Separate account liabilities are not included in the above table as they are reported at contract value and not fair value in the Company’s Consolidated Statement of Financial Position.
Transfers—Transfers into Level 3 for Fixed Maturities Available for Sale—Asset-Backed Securities and Trading Account Assets Supporting Insurance Liabilities—Asset-Backed Securities include $4,583 million and $188 million, respectively, of transfers that occurred during the second quarter of 2009, resulting from the Company’s conclusion that the market for asset-backed securities collateralized by
Contractual Obligations As of December 31, 2006, our future contractual obligations are as follows (in thousands):

<table><tr><td></td><td>2019</td><td>2020</td><td>2021</td><td>2022</td><td>2023</td><td>Thereafter</td><td>Total</td></tr><tr><td>Deferred acquisition payments</td><td>$65.7</td><td>$20.0</td><td>$23.6</td><td>$4.7</td><td>$10.2</td><td>$2.7</td><td>$126.9</td></tr><tr><td>Redeemable noncontrolling interests and call options with affiliates<sup>1</sup></td><td>30.1</td><td>30.6</td><td>42.9</td><td>5.7</td><td>3.5</td><td>2.5</td><td>115.3</td></tr><tr><td>Total contingent acquisition payments</td><td>$95.8</td><td>$50.6</td><td>$66.5</td><td>$10.4</td><td>$13.7</td><td>$5.2</td><td>$242.2</td></tr></table>
<table><tr><td>(millions, except per share data)</td><td>Earnings</td><td>Average shares  outstanding</td><td>Per  share</td></tr><tr><td> 2006</td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>$1,004.1</td><td> 397.0</td><td>$2.53</td></tr><tr><td>Dilutive potential common shares</td><td>—</td><td> 3.4</td><td>-.02</td></tr><tr><td>Diluted</td><td>$1,004.1</td><td> 400.4</td><td>$2.51</td></tr><tr><td>2005</td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>$980.4</td><td>412.0</td><td>$2.38</td></tr><tr><td>Dilutive potential common shares</td><td>—</td><td>3.6</td><td>-.02</td></tr><tr><td>Diluted</td><td>$980.4</td><td>415.6</td><td>$2.36</td></tr><tr><td>2004</td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>$890.6</td><td>412.0</td><td>$2.16</td></tr><tr><td>Dilutive potential common shares</td><td>—</td><td>4.4</td><td>-.02</td></tr><tr><td>Diluted</td><td>$890.6</td><td>416.4</td><td>$2.14</td></tr></table>
<table><tr><td></td><td colspan="5">Year Ended December 31, 2009</td></tr><tr><td></td><td>Other Trading Account Assets– Equity Securities</td><td>Other Trading Account Assets– All Other Activity</td><td>Equity Securities Available for Sale</td><td>Commercial Mortgage and Other Loans</td><td>Other Long-term Investments</td></tr><tr><td></td><td colspan="5">(in millions)</td></tr><tr><td>Fair Value, beginning of period</td><td>$19</td><td>$1,304</td><td>$325</td><td>$56</td><td>$1,015</td></tr><tr><td>Total gains or (losses) (realized/unrealized):</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Included in earnings:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Realized investment gains (losses), net</td><td>—</td><td>-338</td><td>-8</td><td>-74</td><td>5</td></tr><tr><td>Asset management fees and other income</td><td>1</td><td>27</td><td>—</td><td>—</td><td>-81</td></tr><tr><td> <i></i>Included in other comprehensive income (loss)</td><td>—</td><td>—</td><td>74</td><td>—</td><td>—</td></tr><tr><td>Net investment income</td><td>—</td><td>—</td><td>—</td><td>—</td><td>—</td></tr><tr><td>Purchases, sales, issuances and settlements</td><td>—</td><td>-701</td><td>-30</td><td>-58</td><td>155</td></tr><tr><td>Foreign currency translation</td><td>-1</td><td>—</td><td>21</td><td>—</td><td>—</td></tr><tr><td>Other-1</td><td>6</td><td>5</td><td>14</td><td>—</td><td>-594</td></tr><tr><td>Transfers into Level 3-2</td><td>—</td><td>—</td><td>12</td><td>414</td><td>-2</td></tr><tr><td>Transfers out of Level 3-2</td><td>-1</td><td>—</td><td>-15</td><td>—</td><td>—</td></tr><tr><td>Fair Value, end of period</td><td>$24</td><td>$297</td><td>$393</td><td>$338</td><td>$498</td></tr><tr><td>Unrealized gains (losses) for the period relating to those Level 3 assets that were still held at the end of theperiod(3):</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Included in earnings:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Realized investment gains (losses), net</td><td>$—</td><td>$-338</td><td>$-21</td><td>$-70</td><td>$5</td></tr><tr><td>Asset management fees and other income</td><td>$2</td><td>$3</td><td>$—</td><td>$—</td><td>$-70</td></tr><tr><td>Included in other comprehensive income (loss)</td><td>$—</td><td>$—</td><td>$73</td><td>$—</td><td>$—</td></tr></table>
<table><tr><td></td><td colspan="5">Year Ended December 31, 2009</td></tr><tr><td></td><td> Other  Assets</td><td>Separate Account Assets-4</td><td>Future Policy Benefits</td><td>Long-term Debt</td><td>Other Liabilities</td></tr><tr><td></td><td colspan="5">(in millions)</td></tr><tr><td>Fair Value, beginning of period</td><td>$26</td><td>$19,780</td><td>$-3,229</td><td>$-324</td><td>$-139</td></tr><tr><td>Total gains or (losses) (realized/unrealized):</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Included in earnings:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Realized investment gains (losses), net</td><td>—</td><td>—</td><td>3,313</td><td>—</td><td>77</td></tr><tr><td>Asset management fees and other income</td><td>—</td><td>—</td><td>—</td><td>—</td><td>—</td></tr><tr><td>Interest credited to policyholders’ account balances</td><td>—</td><td>-7,376</td><td>—</td><td>—</td><td>—</td></tr><tr><td>Included in other comprehensive income (loss)</td><td>—</td><td>—</td><td>—</td><td>—</td><td>—</td></tr><tr><td>Net investment income</td><td>—</td><td>—</td><td>—</td><td>—</td><td>—</td></tr><tr><td>Purchases, sales, issuances and settlements</td><td>1</td><td>484</td><td>-139</td><td>-429</td><td>56</td></tr><tr><td>Foreign currency translation</td><td>—</td><td>—</td><td>—</td><td>—</td><td>—</td></tr><tr><td>Other-1</td><td>—</td><td>—</td><td>—</td><td>324</td><td>—</td></tr><tr><td>Transfers into Level 3-2</td><td>—</td><td>409</td><td>—</td><td>—</td><td>—</td></tr><tr><td>Transfers out of Level 3-2</td><td>—</td><td>-403</td><td>—</td><td>—</td><td>—</td></tr><tr><td>Fair Value, end of period</td><td>$27</td><td>$12,894</td><td>$-55</td><td>$-429</td><td>$-6</td></tr><tr><td>Unrealized gains (losses) for the period relating to those Level 3 assets and liabilities that were still held at the end of theperiod(3):</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Included in earnings:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Realized investment gains (losses), net</td><td>$—</td><td>$—</td><td>$3,208</td><td>$—</td><td>$77</td></tr><tr><td>Asset management fees and other income</td><td>$—</td><td>$—</td><td>$—</td><td>$—</td><td>$—</td></tr><tr><td>Interest credited to policyholders’ account balances</td><td>$—</td><td>$-7,588</td><td>$—</td><td>$—</td><td>$—</td></tr><tr><td>Included in other comprehensive income (loss)</td><td>$—</td><td>$—</td><td>$—</td><td>$—</td><td>$—</td></tr></table>

Question: what percentage of the total deferred acquisition payments were made in 2019?
Answer: 51.77305