## Table 0 ##
(1) Includes small business commercial – domestic charge-offs of $3.0 billion, $2.0 billion, $931 million and $424 million in 2009, 2008, 2007 and 2006, respectively.
Small business commercial – domestic charge offs were not material in 2005.
(2) Includes small business commercial – domestic recoveries of $65 million, $39 million, $51 million and $54 million in 2009, 2008, 2007 and 2006, respectively.
Small business commercial – domestic recoveries were not material in 2005.
(3) Allowance for loan and leases losses includes $3.9 billion and $750 million of valuation allowance for consumer purchased impaired loans at December 31, 2009 and 2008.
Excluding the valuation allowance for purchased impaired loans, allowance for loan and leases losses as a percentage of total nonperforming loans and leases would have been 99 percent and 136 percent at December 31, 2009 and 2008.
For more information on the impact of purchased impaired loans on asset quality statistics, see Consumer Portfolio Credit Risk Management beginning on page 66 and Commercial Portfolio Credit Risk Management beginning on page 76.
(4) The 2009 amount includes a $750 million reduction in the allowance for loan and lease losses related to credit card loans of $8.5 billion which were exchanged for a $7.8 billion held-to-maturity debt security that was issued by the Corporation’s U. S.  Credit Card Securitization Trust and retained by the Corporation.
This reduction was partially offset by a $340 million increase associated with the reclassification to other assets of the December 31, 2008 amount expected to be reimbursed under residential mortgage cash collateralized synthetic securitizations.
The 2008 amount includes the $1.2 billion addition of the Countrywide allowance for loan losses as of July 1, 2008.
The 2007 amount includes the $725 million and $25 million additions of the LaSalle and U. S.  Trust Corporation allowance for loan losses as of October 1, 2007 and July 1, 2007 and a reduction of $32 million for the adjustment from the adoption of the fair value option accounting guidance.
The 2006 amount includes the $577 billion addition of the MBNA Corporation allowance for loan losses as of January 1, 2006 (5) The 2009 amount represents the fair value of the acquired Merrill Lynch unfunded lending commitments excluding those accounted for under the fair value option, net of accretion and the impact of funding previously unfunded positions.
The 2007 amount includes the $124 million addition of the LaSalle reserve for unfunded lending commitments as of October 1, 2007 and a $28 million reduction for the adjustment from the adoption of the fair value option accounting guidance.
(6) Outstanding loan and lease balances and ratios do not include loans accounted for under the fair value option at and for the years ended December 31, 2009, 2008 and 2007.
Loans measured at fair value were $4.9 billion, $5.4 billion and $4.6 billion at December 31, 2009, 2008 and 2007, respectively.
Average loans accounted for under the fair value option were $6.9 billion, $4.9 billion and $3.0 billion for 2009, 2008 and 2007, respectively.
n/a = not applicable
Item 1B.
Unresolved Staff Comments.
None.
Item 2.
Properties.
Our corporate co-headquarters are located in Pittsburgh, Pennsylvania and Chicago, Illinois.
Our co-headquarters are leased and house our executive offices, certain U. S.  business units, and our administrative, finance, and human resource functions.
We maintain additional owned and leased offices throughout the regions in which we operate.
We manufacture our products in our network of manufacturing and processing facilities located throughout the world.
As of December 31, 2016 , we operated 87 manufacturing and processing facilities.
We own 83 and lease four of these facilities.
Our manufacturing and processing facilities count by segment as of December 31, 2016 was:
## Table 1 ##
We maintain all of our manufacturing and processing facilities in good condition and believe they are suitable and are adequate for our present needs.
We also enter into co-manufacturing arrangements with third parties if we determine it is advantageous to outsource the production of any of our products.
In the fourth quarter of 2016, we reorganized our segment structure to move our Russia business from the Rest of World segment to the Europe segment.
We have reflected this change in the table above.
See Note 18, Segment Reporting , to the consolidated financial statements for additional information.
Several of our current manufacturing and processing facilities are scheduled to be closed within the next year.
See Note 3, Integration and Restructuring Expenses , to the consolidated financial statements for additional information.
Item 3.
Legal Proceedings.
We are routinely involved in legal proceedings, claims, and governmental inquiries, inspections or investigations (“Legal Matters”) arising in the ordinary course of our business.
On April 1, 2015, the Commodity Futures Trading Commission (“CFTC”) filed a formal complaint against Mondelēz International (formerly known as Kraft Foods Inc. ) and Kraft in the U. S.  District Court for the Northern District of Illinois, Eastern Division, related to activities involving the trading of December 2011 wheat futures contracts.
The complaint alleges that Mondelēz International and Kraft (1) manipulated or attempted to manipulate the wheat markets during the fall of 2011, (2) violated position limit levels for wheat futures, and (3) engaged in non-competitive trades by trading both sides of exchange-for-physical Chicago Board of Trade wheat contracts.
As previously disclosed by Kraft, these activities arose prior to the October 1, 2012 spin-off of Kraft by Mondelēz International to its shareholders and involve the business now owned and operated by Mondelēz International or its affiliates.
The Separation and Distribution Agreement between Kraft and Mondelēz International, dated as of September 27, 2012, governs the allocation of liabilities between Mondelēz International and Kraft and, accordingly, Mondelēz International will predominantly bear the costs of this matter and any monetary penalties or other payments that the CFTC may impose.
We do not expect this matter to have a material adverse effect on our financial condition, results of operations, or business.
While we cannot predict with certainty the results of Legal Matters in which we are currently involved or may in the future be involved, we do not expect that the ultimate costs to resolve any of the Legal Matters that are currently pending will have a material adverse effect on our financial condition or results of operations.
Item 4.
Mine Safety Disclosures.
Not applicable.
Notes to Consolidated Financial Statements Note 11.
Debt – (Continued)
## Table 2 ##
At December 31, 2015, the aggregate of long term debt maturing in each of the next five years is approximately as follows: $1.1 billion in 2016, $657 million in 2017, $455 million in 2018, $1.2 billion in 2019, $1.2 billion in 2020, and $6.0 billion thereafter.
Long term debt is generally redeemable in whole or in part at the greater of the principal amount or the net present value of scheduled payments discounted at the specified treasury rate plus a margin.
CNA Financial CNA is a member of the Federal Home Loan Bank of Chicago (“FHLBC”).
FHLBC membership provides participants with access to additional sources of liquidity through various programs and services.
As a requirement of membership in the FHLBC, CNA held $17 million of FHLBC stock as of December 31, 2015, giving it access to approximately $349 million of additional liquidity.
As of December 31, 2015, CNA has no outstanding borrowings from the FHLBC.
During the third quarter of 2015, CNA entered into a new credit agreement with a syndicate of banks and simultaneously terminated the previous credit agreement.
The new credit agreement established a five-year $250 million senior unsecured revolving credit facility which may be used for general corporate purposes.
At CNA’s election, the commitments under the new credit agreement may be increased from time to time up to an additional aggregate amount of $100 million and the new credit agreement includes two optional one-year extensions prior to the first and second anniversary of the closing date, subject to applicable consents.
As of December 31, 2015 and 2014, there were no outstanding borrowings under the credit agreements and CNA was in compliance with all covenants.
Diamond Offshore Diamond Offshore has a $1.5 billion senior unsecured revolving credit facility.
In October 2015, Diamond Offshore entered into an extension agreement of the revolving credit facility which, among other things, provides for a one-year extension of the maturity date for most of the lenders.
The extended revolving credit facility matures in October 2020, except for $40 million of commitments that mature in March 2019 and $60 million of commitments that mature in October 2019.
In addition, Diamond Offshore also has the option to increase the revolving commitments under the revolving credit facility by up to an additional $500 million from time to time, upon receipt of additional commitments from new or existing lenders, and to request one additional one-year extension of the maturity date.
Up to $250 million of the facility may be used for the issuance of performance or other standby letters of credit and up to $100 million may be used for swingline loans.
At December 31, 2015 and 2014, there were no amounts outstanding under the credit agreement.
As of December 31, 2015, Diamond Offshore had $287 million outstanding of commercial paper supported by its existing $1.5 billion revolving credit facility.
As of December 31, 2015, the commercial paper notes had a weighted average interest rate of 0.9% and a weighted average remaining term of 5.8 days.
In July of 2015, Diamond Offshore repaid $250 million aggregate principal amount of its 4.9% senior notes due July 1, 2015, primarily with funds obtained through the issuance of additional commercial paper.
Years Ended December 31,

<table><tr><td>(Dollars in millions)</td><td>2009</td><td>2008</td><td>2007</td><td>2006</td><td>2005</td></tr><tr><td> Allowance for loan and lease losses, January 1</td><td>$23,071</td><td>$11,588</td><td>$9,016</td><td>$8,045</td><td>$8,626</td></tr><tr><td> Loans and leases charged off</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Residential mortgage</td><td>-4,436</td><td>-964</td><td>-78</td><td>-74</td><td>-58</td></tr><tr><td>Home equity</td><td>-7,205</td><td>-3,597</td><td>-286</td><td>-67</td><td>-46</td></tr><tr><td>Discontinued real estate</td><td>-104</td><td>-19</td><td>n/a</td><td>n/a</td><td>n/a</td></tr><tr><td>Credit card – domestic</td><td>-6,753</td><td>-4,469</td><td>-3,410</td><td>-3,546</td><td>-4,018</td></tr><tr><td>Credit card – foreign</td><td>-1,332</td><td>-639</td><td>-453</td><td>-292</td><td>–</td></tr><tr><td>Direct/Indirect consumer</td><td>-6,406</td><td>-3,777</td><td>-1,885</td><td>-857</td><td>-380</td></tr><tr><td>Other consumer</td><td>-491</td><td>-461</td><td>-346</td><td>-327</td><td>-376</td></tr><tr><td>Total consumer charge-offs</td><td>-26,727</td><td>-13,926</td><td>-6,458</td><td>-5,163</td><td>-4,878</td></tr><tr><td>Commercial – domestic<sup>-1</sup></td><td>-5,237</td><td>-2,567</td><td>-1,135</td><td>-597</td><td>-535</td></tr><tr><td>Commercial real estate</td><td>-2,744</td><td>-895</td><td>-54</td><td>-7</td><td>-5</td></tr><tr><td>Commercial lease financing</td><td>-217</td><td>-79</td><td>-55</td><td>-28</td><td>-315</td></tr><tr><td>Commercial – foreign</td><td>-558</td><td>-199</td><td>-28</td><td>-86</td><td>-61</td></tr><tr><td>Total commercial charge-offs</td><td>-8,756</td><td>-3,740</td><td>-1,272</td><td>-718</td><td>-916</td></tr><tr><td>Total loans and leases charged off</td><td>-35,483</td><td>-17,666</td><td>-7,730</td><td>-5,881</td><td>-5,794</td></tr><tr><td> Recoveries of loans and leases previously charged off</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Residential mortgage</td><td>86</td><td>39</td><td>22</td><td>35</td><td>31</td></tr><tr><td>Home equity</td><td>155</td><td>101</td><td>12</td><td>16</td><td>15</td></tr><tr><td>Discontinued real estate</td><td>3</td><td>3</td><td>n/a</td><td>n/a</td><td>n/a</td></tr><tr><td>Credit card – domestic</td><td>206</td><td>308</td><td>347</td><td>452</td><td>366</td></tr><tr><td>Credit card – foreign</td><td>93</td><td>88</td><td>74</td><td>67</td><td>–</td></tr><tr><td>Direct/Indirect consumer</td><td>943</td><td>663</td><td>512</td><td>247</td><td>132</td></tr><tr><td>Other consumer</td><td>63</td><td>62</td><td>68</td><td>110</td><td>101</td></tr><tr><td>Total consumer recoveries</td><td>1,549</td><td>1,264</td><td>1,035</td><td>927</td><td>645</td></tr><tr><td>Commercial – domestic<sup>-2</sup></td><td>161</td><td>118</td><td>128</td><td>261</td><td>365</td></tr><tr><td>Commercial real estate</td><td>42</td><td>8</td><td>7</td><td>4</td><td>5</td></tr><tr><td>Commercial lease financing</td><td>22</td><td>19</td><td>53</td><td>56</td><td>84</td></tr><tr><td>Commercial – foreign</td><td>21</td><td>26</td><td>27</td><td>94</td><td>133</td></tr><tr><td>Total commercial recoveries</td><td>246</td><td>171</td><td>215</td><td>415</td><td>587</td></tr><tr><td>Total recoveries of loans and leases previously charged off</td><td>1,795</td><td>1,435</td><td>1,250</td><td>1,342</td><td>1,232</td></tr><tr><td>Net charge-offs</td><td>-33,688</td><td>-16,231</td><td>-6,480</td><td>-4,539</td><td>-4,562</td></tr><tr><td>Provision for loan and lease losses</td><td>48,366</td><td>26,922</td><td>8,357</td><td>5,001</td><td>4,021</td></tr><tr><td>Write-downs on consumer purchased impaired loans<sup>-3</sup></td><td>-179</td><td>n/a</td><td>n/a</td><td>n/a</td><td>n/a</td></tr><tr><td>Other<sup>-4</sup></td><td>-370</td><td>792</td><td>695</td><td>509</td><td>-40</td></tr><tr><td>Allowance for loan and lease losses, December 31</td><td>37,200</td><td>23,071</td><td>11,588</td><td>9,016</td><td>8,045</td></tr><tr><td> Reserve for unfunded lending commitments, January 1</td><td>421</td><td>518</td><td>397</td><td>395</td><td>402</td></tr><tr><td>Provision for unfunded lending commitments</td><td>204</td><td>-97</td><td>28</td><td>9</td><td>-7</td></tr><tr><td>Other<sup>-5</sup></td><td>862</td><td>–</td><td>93</td><td>-7</td><td>–</td></tr><tr><td>Reserve for unfunded lending commitments, December 31</td><td>1,487</td><td>421</td><td>518</td><td>397</td><td>395</td></tr><tr><td> Allowance for credit losses, December 31</td><td>$38,687</td><td>$23,492</td><td>$12,106</td><td>$9,413</td><td>$8,440</td></tr><tr><td>Loans and leases outstanding at December 31<sup>-6</sup></td><td>$895,192</td><td>$926,033</td><td>$871,754</td><td>$706,490</td><td>$573,791</td></tr><tr><td>Allowance for loan and lease losses as a percentage of total loans and leases outstanding at December 31<sup>-3, 6</sup></td><td>4.16%</td><td>2.49%</td><td>1.33%</td><td>1.28%</td><td>1.40%</td></tr><tr><td>Consumer allowance for loan and lease losses as a percentage of total consumer loans and leases outstanding at December 31<sup>-3</sup></td><td>4.81</td><td>2.83</td><td>1.23</td><td>1.19</td><td>1.27</td></tr><tr><td>Commercial allowance for loan and lease losses as a percentage of total commercial loans and leases outstanding at December 31<sup>-3</sup></td><td>2.96</td><td>1.90</td><td>1.51</td><td>1.44</td><td>1.62</td></tr><tr><td>Average loans and leases outstanding<sup>-3, 6</sup></td><td>$941,862</td><td>$905,944</td><td>$773,142</td><td>$652,417</td><td>$537,218</td></tr><tr><td>Net charge-offs as a percentage of average loans and leases outstanding<sup>-3, 6</sup></td><td>3.58%</td><td>1.79%</td><td>0.84%</td><td>0.70%</td><td>0.85%</td></tr><tr><td>Allowance for loan and lease losses as a percentage of total nonperforming loans and leases at December 31<sup>-3, 6</sup></td><td>111</td><td>141</td><td>207</td><td>505</td><td>532</td></tr><tr><td>Ratio of the allowance for loan and lease losses at December 31 to net charge-offs<sup>-3</sup></td><td>1.10</td><td>1.42</td><td>1.79</td><td>1.99</td><td>1.76</td></tr></table>
<table><tr><td></td><td>Owned</td><td>Leased</td></tr><tr><td>United States</td><td>43</td><td>2</td></tr><tr><td>Canada</td><td>3</td><td>—</td></tr><tr><td>Europe</td><td>11</td><td>—</td></tr><tr><td>Rest of World</td><td>26</td><td>2</td></tr></table>
<table><tr><td> December 31, 2015</td><td> Principal</td><td> Unamortized  Discount</td><td> Net</td><td> Short Term  Debt</td><td> Long Term  Debt</td></tr><tr><td> (In millions)</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td> Loews Corporation</td><td>$1,700</td><td>$19</td><td>$1,681</td><td>$400</td><td>$1,281</td></tr><tr><td> CNA Financial</td><td>2,577</td><td>11</td><td>2,566</td><td>351</td><td>2,215</td></tr><tr><td> Diamond Offshore</td><td>2,287</td><td>18</td><td>2,269</td><td>287</td><td>1,982</td></tr><tr><td> Boardwalk Pipeline</td><td>3,485</td><td>16</td><td>3,469</td><td></td><td>3,469</td></tr><tr><td> Loews Hotels</td><td>598</td><td></td><td>598</td><td>2</td><td>596</td></tr><tr><td> Total</td><td>$10,647</td><td>$64</td><td>$10,583</td><td>$1,040</td><td>$9,543</td></tr></table>

Question: as of december 31 , 2016 , what percentage of manufacturing and processing facilities are owned?
Answer: 0.95402