44 MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Reorganization of Businesses Accruals The following table displays a rollforward of the accruals established for exit costs and employee separation costs from January 1, 2003 to December 31, 2003:
## Table 0 ##
(1) Includes translation adjustments.
Exit Costs ì Lease Terminations The 2003 additional charges of $11 million were primarily related to the exit of certain manufacturing activities in Germany by the Personal Communications segment.
The adjustments of $20 million represent exit cost accruals across all segments which were no longer needed.
The 2003 amount used of $57 million re?ects cash payments of $52 million and non-cash utilization of $5 million.
The remaining accrual of $143 million, is included in Accrued Liabilities in the Company's consolidated balance sheets.
From this remaining accrual, in 2004, the Company paid out $38 million and reversed $32 million.
The remaining accrual represents future cash payments, primarily for lease termination obligations.
Employee Separation Costs At January 1, 2003, the Company had an accrual of $336 million for employee separation costs, representing the severance costs for approximately 5,700 employees, of which 2,000 were direct employees and 3,700 were indirect employees.
The additional charges of $163 million represented the severance costs for approximately 3,200 employees, of which 1,200 were direct employees and 2,000 were indirect employees.
The accrual was for various levels of employees.
The adjustments of $125 million represent the severance costs for approximately 1,600 employees previously identi?ed for separation who resigned from the Company and did not receive severance or were redeployed due to circumstances not foreseen when the original plans were approved.
During 2003, approximately 5,200 employees, of which 2,000 were direct employees and 3,200 were indirect employees, were separated from the Company.
The 2003 amount used of $258 million re?ects $254 million of cash payments to these separated employees and $4 million of non-cash utilization.
The remaining accrual of $116 million is included in Accrued Liabilities in the Company's consolidated balance sheets.
From this remaining accrual, in 2004, the Company paid out $69 million, reversed $33 million and expects $14 million of future cash payments to be paid out to separated employees during the ?rst quarter of 2005.
For the Year Ended December 31, 2002 For the year ended December 31, 2002, the Company recorded net reorganization of businesses charges of $673 million, including $68 million in Costs of Sales and $605 million under Reorganization of Businesses in the Company's consolidated statements of operations.
Included in the aggregate $673 million charge is $918 million of additional charges and $245 million of reversals of accruals no longer needed.
The additional charges of $918 million were comprised of the following: (i) $275 million in the Personal Communications segment, primarily related to the shut-down of an engineering and distribution center in Illinois, (ii) $224 million in the Global Telecom Solutions segment, primarily related to segment-wide employee separation costs and for exit costs relating to a lease cancellation fee, and (iii) $419 million for employee separation, ?xed asset impairments and lease cancellation fees across all other segments.
The $918 million charge was o?set by $245 million of reversals of previous accruals, consisting of: (i) $108 million relating to unused accruals of previously expected employee separation costs across all segments, (ii) $77 million, primarily for exit cost accruals no longer required across all segments, and (iii) $60 million primarily for assets that the Company intended to use that were previously classi?ed as held-for-sale.
ÿþsegment also designs, manufactures and sells automotive electronics systems, as well as telematics systems  that enable communication and advanced safety features for automobiles.
    The Networks segment designs, manufactures, sells, installs and services: (i) cellular infrastructure systems,  including hardware and software, (ii) fiber-to-the-premise (""FTTP'') and fiber-to-the-node (""FTTN'')  transmission systems supporting high-speed data, video and voice, and (iii) wireless broadband systems.
 In  addition, the segment designs, manufactures, and sells embedded communications computing platforms.
    The Connected Home Solutions segment designs, manufactures and sells a wide variety of broadband  products, including: (i) digital systems and set-top boxes for cable television, Internet Protocol (""IP'')  video and broadcast networks, (ii) high speed data products, including cable modems and cable modem  termination systems (""CMTS'') and IP-based telephony products, (iii) hybrid fiber coaxial network  transmission systems used by cable television operators, (iv) digital satellite program distribution systems,  (v) direct-to-home (""DTH'') satellite networks and private networks for business communications, and  (vi) advanced video communications products.
  Segment operating results are measured based on operating earnings(loss) adjusted, if necessary, for certain  segment-specific items and corporate allocations.
 Intersegment and intergeographic sales are accounted for on an  arm's-length pricing basis.
 Intersegment sales included in adjustments and eliminations were:  @T@  Domestic export sales to third parties were $2.
1 billion, $2.
7 billion and $1.
9 billion for the years ended  December 31, 2005, 2004 and 2003, respectively.
 Domestic export sales to affiliates and subsidiaries, which are  eliminated in consolidation, were $2.
6 billion, $1.
8 billion, and $1.
8 billion for the years ended December 31, 2005,  2004 and 2003, respectively.
  Identifiable assets (excluding intersegment receivables) are the Company's assets that are identified with classes  of similar products or operations in each geographic region.
  For the years ended December 31, 2005, 2004 and 2003, approximately 12%, 13% and 12%, respectively, of  net sales were to Sprint Nextel (including Nextel and Nextel affiliates).
  Segment information  @T@  The 2005 Operating Earnings in Other as presented in Other and Eliminations above consists primarily of  collections related to Telsim, partially offset by general corporate expenses which are not identifiable with a  particular segments activity.
 These expenses primarily consist of costs related to developmental business and
## Table 1 ##
## Table 2 ##
Item 7A.
Quantitative and Qualitative Disclosures About Market Risk Foreign Currency Risk As a multinational company, the Company's transactions are denominated in a variety of currencies.
The Company uses financial instruments to hedge, or to reduce its overall exposure to, the effects of currency fluctuations on cash flows.
The Company's policy is not to speculate in financial instruments for profit on the exchange rate price fluctuation, trade in currencies for which there are no underlying exposures, or enter into trades for any currency to intentionally increase the underlying exposure.
Instruments that are designated as part of a hedging relationship must be effective at reducing the risk associated with the exposure being hedged and are designated as a part of a hedging relationship at the inception of the contract.
Accordingly, changes in market values of hedge instruments must be highly correlated with changes in market values of underlying hedged items both at inception of the hedge and over the life of the hedge contract.
The Company's strategy in foreign exchange exposure issues is to offset the gains or losses of the financial instruments against losses or gains on the underlying operational cash flows or investments based on the operating business units' assessment of risk.
The Company enters into derivative contracts for some of the Company's nonfunctional currency receivables and payables, which are denominated in major currencies that can be traded on open markets.
The Company uses forward contracts and options to hedge these currency exposures.
In addition, the Company enters into derivative contracts for some firm commitments and some forecasted transactions, which are designated as part of a hedging relationship if it is determined that the transaction qualifies for hedge accounting.
A portion of the Company's exposure is from currencies that are not traded in liquid markets and these are addressed, to the extent reasonably possible, through managing net asset positions, product pricing and component sourcing.
At December 31, 2005 and 2004, the Company had net outstanding foreign exchange contracts totaling $2.8 billion and $3.9 billion, respectively.
Management believes that these financial instruments should not subject the Company to undue risk due to foreign exchange movements because gains and losses on these contracts should offset losses and gains on the underlying assets, liabilities and transactions, except for the ineffective portion of the instruments which are charged to Other within Other income (expense) in the Company's consolidated statements of operations.
The following table shows, in millions of U. S.  dollars, the five largest net foreign exchange derivative positions as of December 31, 2005 compared to their respective positions at December 31, 2004:
## Table 3 ##
The Company is exposed to credit-related losses if counterparties to financial instruments fail to perform their obligations.
However, the Company does not expect any counterparties, all of whom which presently have high credit ratings, to fail to meet their obligations.
Foreign exchange financial instruments that are subject to the effects of currency fluctuations, which may affect reported earnings, include derivative financial instruments and other financial instruments which are not denominated in the currency of the legal entity holding the instrument.
Derivative financial instruments consist primarily of forward contracts.
Other financial instruments, which are not denominated in the currency of the legal entity holding the instrument, consist primarily of cash, cash equivalents, Sigma Funds, short-term investments, longterm finance receivables, equity investments and notes, as well as accounts payable and receivable.
Accounts payable and receivable are reflected at fair value in the financial statements.
The fair value of the foreign exchange financial instruments would hypothetically decrease by $192 million as of December 31, 2005 if the foreign currency rates were to change unfavorably by 10% of current levels.
This hypothetical amount is suggestive of the effect on future cash flows under the following conditions: (i) all current payables and receivables that are hedged were not realized, (ii) all hedged commitments and anticipated transactions were not realized or canceled, and (iii) hedges of these amounts were not canceled or offset.
The Company does not expect that any of these conditions will be realized.
The Company expects that gains and losses on the derivative financial instruments should offset gains and losses on the assets, liabilities and future transactions being hedged.
If the hedged transactions were included in the
simplify the presentation of deferred income taxes and reduce complexity without decreasing the usefulness of information provided to users of financial statements.
The adoption of this pronouncement did not have a significant impact on the Company’s financial position, results of operations and cash flows.3.
Acquisitions Endomondo On January 5, 2015, the Company acquired 100% of the outstanding equity of Endomondo, a Denmarkbased digital connected fitness company, to expand the Under Armour Connected Fitness community.
The purchase price was $85.0 million, adjusted for working capital.
The Company recognized $0.6 million and $0.8 million in acquisition related costs that were expensed during the three months ended March 31, 2015 and December 31, 2014, respectively.
These costs are included in the consolidated statements of income in the line item entitled “Selling, general and administrative expenses.
” Pro forma results are not presented, as the acquisition was not considered material to the consolidated Company.
MyFitnessPal On March 17, 2015, the Company acquired 100% of the outstanding equity of MFP, a digital nutrition and connected fitness company, to expand the Under Armour Connected Fitness community.
The final adjusted transaction value totaled $474.0 million.
The total consideration of $463.9 million was adjusted to reflect the accelerated vesting of certain share awards of MFP, which are not conditioned upon continued employment, and transaction costs borne by the selling shareholders.
The acquisition was funded with $400.0 million of increased term loan borrowings and a draw on the revolving credit facility, with the remaining amount funded by cash on hand.
The Company recognized $5.7 million of acquisition related costs that were expensed during the three months ended March 31, 2015.
These costs are included in the consolidated statement of income in the line item entitled “Selling, general and administrative expenses.
” The following represents the pro forma consolidated income statement as if MFP had been included in the consolidated results of the Company for the year ended December 31, 2015 and December 31, 2014:

<table><tr><td></td><td><i>Accruals at</i> <i>January 1,</i> <i>2003</i></td><td><i>2003</i> <i>Additional</i> <i>Charges</i></td><td>2003 -1 Adjustments</td><td>2003 Amount Used</td><td><i>Accruals at</i> <i>December 31,</i> <i>2003</i></td><td></td></tr><tr><td>Exit costs — lease terminations</td><td>$209</td><td>$11</td><td>$-20</td><td>$-57</td><td>$143</td><td></td></tr><tr><td>Employee separation costs</td><td>336</td><td>163</td><td>-125</td><td>-258</td><td>116</td><td></td></tr><tr><td></td><td></td><td>$545</td><td>$174</td><td>$-145</td><td>$-315</td><td>$259</td></tr></table>
<table><tr><td><i>Years Ended December 31</i></td><td> <i>2005</i></td><td><i>2004</i></td><td><i>2003</i></td></tr><tr><td>Mobile Devices</td><td>$189</td><td>$212</td><td>$209</td></tr><tr><td>Government and Enterprise Mobility Solutions</td><td>54</td><td>33</td><td>46</td></tr><tr><td>Networks</td><td>102</td><td>49</td><td>26</td></tr><tr><td>Connected Home Solutions</td><td>14</td><td>4</td><td>1</td></tr><tr><td></td><td>$359</td><td>$298</td><td>$282</td></tr></table>
<table><tr><td></td><td colspan="3">Net Sales</td><td colspan="3">Operating Earnings (Loss)</td></tr><tr><td><i>Years Ended December 31</i></td><td>2005</td><td>2004</td><td>2003</td><td> <i>2005</i></td><td>2004</td><td>2003</td></tr><tr><td>Mobile Devices</td><td>$21,455</td><td>$17,108</td><td>$11,238</td><td>$2,198</td><td>$1,728</td><td>$511</td></tr><tr><td>Government and Enterprise Mobility Solutions</td><td>6,597</td><td>6,228</td><td>5,568</td><td>882</td><td>842</td><td>663</td></tr><tr><td>Networks</td><td>6,332</td><td>6,026</td><td>4,846</td><td>990</td><td>718</td><td>148</td></tr><tr><td>Connected Home Solutions</td><td>2,765</td><td>2,214</td><td>1,745</td><td>185</td><td>146</td><td>48</td></tr><tr><td></td><td>37,149</td><td>31,576</td><td>23,397</td><td>4,255</td><td>3,434</td><td>1,370</td></tr><tr><td>Other and Eliminations</td><td>-306</td><td>-253</td><td>-242</td><td>441</td><td>-302</td><td>-97</td></tr><tr><td></td><td>$36,843</td><td>$31,323</td><td>$23,155</td><td></td><td></td><td></td></tr><tr><td>Operating earnings</td><td></td><td></td><td></td><td>4,696</td><td>3,132</td><td>1,273</td></tr><tr><td>Total other income</td><td></td><td></td><td></td><td>1,824</td><td>120</td><td>103</td></tr><tr><td>Earnings from continuing operations before income taxes</td><td></td><td></td><td></td><td>$6,520</td><td>$3,252</td><td>$1,376</td></tr></table>
<table><tr><td></td><td colspan="2">December 31</td></tr><tr><td><i>Buy (Sell)</i></td><td>2005</td><td>2004</td></tr><tr><td>Euro</td><td>$-1,076</td><td>$-1,588</td></tr><tr><td>Chinese Renminbi</td><td>-728</td><td>-821</td></tr><tr><td>Brazilian Real</td><td>-348</td><td>-318</td></tr><tr><td>British Pound</td><td>-226</td><td>-173</td></tr><tr><td>Japanese Yen</td><td>-73</td><td>-179</td></tr></table>

Question: What's the greatest value of Net Sales in 2005?
Answer: 21455