The first nine months of fiscal 2011 reflected increased demand across all segments except Display, due to improved global economic and industry conditions, although demand softened for semiconductor, display and solar equipment in the last quarter of fiscal 2011.
Towards the end of fiscal 2011, each of the semiconductor, display and solar industries was negatively impacted by uncertainty in the macroeconomic environment, and the display and solar equipment industries were also negatively impacted by overcapacity.
New Orders New orders by reportable segment for the past three fiscal years were as follows:
## Table 0 ##
New orders for fiscal 2013 increased compared to fiscal 2012, primarily due to a recovery in demand for display manufacturing equipment and increased demand in semiconductor equipment, partially offset by lower demand for service products, as well as depressed demand for c-Si solar equipment due to continued excess manufacturing capacity in the solar industry.
New orders for the Silicon Systems Group and Applied Global Services continued to comprise a majority of Applied's consolidated total new orders.
New orders for fiscal 2012 decreased for all segments compared to the same periods in the prior year, mostly due to the lower demand for c-Si solar and display equipment due to excess manufacturing capacity in the solar industry and the continued down cycle in the display industry, respectively, partially offset by the addition of orders attributable to Varian of $1.0 billion.
The Silicon Systems Group's and Applied Global Services' relative share of total new orders increased compared to the prior year as a result of the addition of Varian and the sharp decrease in orders in Display and Energy and Environmental Solutions.
New orders by geographic region, determined by the product shipment destination specified by the customer, were as follows:
## Table 1 ##
The recovery in demand for display manufacturing equipment in fiscal 2013 led to the increase in new orders from customers in China.
The change in the composition of new orders from customers in Taiwan, Korea, Japan and the United States was primarily related to changes in customer demand for semiconductor equipment.
The decrease in new orders from customers in China in fiscal 2012 compared to fiscal 2011 primarily reflected reduced investments by solar manufacturers due to industry overcapacity
PART II ITEM 5.
MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES The following table presents reported quarterly high and low per share sale prices of our Class A common stock on the New York Stock Exchange (NYSE) for the years 2004 and 2003.
## Table 2 ##
On March 18, 2005, the closing price of our Class A common stock was $18.79 per share as reported on the NYSE.
As of March 18, 2005, we had 230,604,932 outstanding shares of Class A common stock and 743 registered holders.
In February 2004, all outstanding shares of our Class B common stock were converted into shares of our Class A common stock on a one-for-one basis pursuant to the occurrence of the “Dodge Conversion Event” as defined in our charter.
Our charter prohibits the future issuance of shares of Class B common stock.
Also in February 2004, all outstanding shares of Class C common stock were converted into shares of Class A common stock on a one-for-one basis.
Our charter permits the issuance of shares of Class C common stock in the future.
The information under “Securities Authorized for Issuance Under Equity Compensation Plans” from the Definitive Proxy Statement is hereby incorporated by reference into Item 12 of this annual report.
Dividends We have never paid a dividend on any class of common stock.
We anticipate that we may retain future earnings, if any, to fund the development and growth of our business.
The indentures governing our 93?8% senior notes due 2009, our 7.50% senior notes due 2012, and our 7.125% senior notes due 2012 prohibit us from paying dividends to our stockholders unless we satisfy certain financial covenants.
Our borrower subsidiaries are generally prohibited under the terms of the credit facility, subject to certain exceptions, from making to us any direct or indirect distribution, dividend or other payment on account of their limited liability company interests, partnership interests, capital stock or other equity interests, except that, if no default exists or would be created thereby under the credit facility, our borrower subsidiaries may pay cash dividends or make other distributions to us in accordance with the credit facility within certain specified amounts and, in addition, may pay cash dividends or make other distributions to us in respect of our outstanding indebtedness and permitted future indebtedness.
The indentures governing the 12.25% senior subordinated discount notes due 2008 and the 7.25% senior subordinated notes due 2011 of American Towers, Inc.  (ATI), our principal operating subsidiary, prohibit ATI and certain of our other subsidiaries that have guaranteed those notes (sister guarantors) from paying dividends and making other payments or distributions to us unless certain
Activity in the allowance for doubtful accounts was as follows (in millions):
## Table 3 ##
1 The increases in 2016 were primarily related to concentrate sales receivables from our bottling partner in Venezuela.
See Hyperinflationary Economies discussion below for additional information.2 Other includes foreign currency translation adjustments and the impact of reclassifying certain assets to assets held for sale.
Refer to Note 2.
A significant portion of our net operating revenues and corresponding accounts receivable is derived from sales of our products in international markets.
Refer to Note 19.
We also generate a significant portion of our net operating revenues by selling concentrates and syrups to bottlers in which we have a noncontrolling interest.
Refer to Note 6.
Inventories Inventories consist primarily of raw materials and packaging (which includes ingredients and supplies) and finished goods (which include concentrates and syrups in our concentrate operations and finished beverages in our finished product operations).
Inventories are valued at the lower of cost or net realizable value.
We determine cost on the basis of the average cost or first-in, first-out methods.
Refer to Note 4.
Derivative Instruments Our Company, when deemed appropriate, uses derivatives as a risk management tool to mitigate the potential impact of certain market risks.
The primary market risks managed by the Company through the use of derivative instruments are foreign currency exchange rate risk, commodity price risk and interest rate risk.
All derivatives are carried at fair value in our consolidated balance sheets in the following line items, as applicable: prepaid expenses and other assets; other assets; accounts payable and accrued expenses; and other liabilities.
The cash flow impact of the Company’s derivative instruments is primarily included in our consolidated statements of cash flows in net cash provided by operating activities.
Refer to Note 5.
Property, Plant and Equipment Property, plant and equipment are stated at cost.
Repair and maintenance costs that do not improve service potential or extend economic life are expensed as incurred.
Depreciation is recorded principally by the straight-line method over the estimated useful lives of our assets, which are reviewed periodically and generally have the following ranges: buildings and improvements: 40 years or less; and machinery, equipment and vehicle fleet: 20 years or less.
Land is not depreciated, and construction in progress is not depreciated until ready for service.
Leasehold improvements are amortized using the straight-line method over the shorter of the remaining lease term, including renewals that are deemed to be reasonably assured, or the estimated useful life of the improvement.
Depreciation is not recorded during the period in which a long-lived asset or disposal group is classified as held for sale, even if the asset or disposal group continues to generate revenue during the period.
Depreciation expense, including the depreciation expense of assets under capital lease, totaled $1,131 million, $1,575 million and $1,735 million in 2017, 2016 and 2015, respectively.
Amortization expense for leasehold improvements totaled $19 million, $22 million and $18 million in 2017, 2016 and 2015, respectively.
Certain events or changes in circumstances may indicate that the recoverability of the carrying amount of property, plant and equipment should be assessed, including, among others, a significant decrease in market value, a significant change in the business climate in a particular market, or a current period operating or cash flow loss combined with historical losses or projected future losses.
When such events or changes in circumstances are present, we estimate the future cash flows expected to result from the use of the asset or asset group and its eventual disposition.
These estimated future cash flows are consistent with those we use in our internal planning.
If the sum of the expected future cash flows (undiscounted and without interest charges) is less than the carrying amount, we recognize an impairment loss.
The impairment loss recognized is the amount by which the carrying amount exceeds the fair value.
We use a variety of methodologies to determine the fair value of property, plant and equipment, including appraisals and discounted cash flow models, which are consistent with the assumptions we believe hypothetical marketplace participants would use.
Refer to Note 7.
DISCONTINUED OPERATIONS The Company continues to focus its management and fi nancial resources on the McDonald’s restaurant business as it believes the opportunities for growth remain signifi cant.
Accordingly, during the third quarter 2007, the Company sold its investment in Boston Market.
In 2006, the Company disposed of its investment in Chipotle via public stock offerings in the fi rst and second quarters and a tax-free exchange for McDonald’s common stock in the fourth quarter.
As a result of the disposals during 2007 and 2006, both Boston Market’s and Chipotle’s results of operations and transaction gains are refl ected as discontinued operations.
In connection with the Company’s sale of its investment in Boston Market in August 2007, the Company received proceeds of approximately $250 million and recorded a gain of $68.6 million after tax.
In addition, Boston Market’s net income (loss) for 2007, 2006 and 2005 was ($8.5) million, $6.9 million and $8.8 million, respectively.
In fi rst quarter 2006, Chipotle completed an IPO of 6.1 million shares resulting in a tax-free gain to McDonald’s of $32.0 million to refl ect an increase in the carrying value of the Company’s investment as a result of Chipotle selling shares in the public offering.
Concurrent with the IPO, McDonald’s sold 3.0 million Chipotle shares, resulting in net proceeds to the Company of $61.4 million and an additional gain of $13.6 million after tax.
In second quarter 2006, McDonald’s sold an additional 4.5 million Chipotle shares, resulting in net proceeds to the Company of $267.4 million and a gain of $127.8 million after tax, while still retaining majority ownership.
In fourth quarter 2006, the Company completely separated from Chipotle through a noncash, tax-free exchange of its remaining Chipotle shares for its common stock.
McDonald’s accepted 18.6 million shares of its common stock in exchange for the 16.5 million shares of Chipotle class B common stock held by McDonald’s and recorded a tax-free gain of $479.6 million.
In addition, Chipotle’s net income for 2006 was $18.2 million and 2005 was $15.8 million.
Boston Market’s and Chipotle’s results of operations (exclusive of the transaction gains), which previously were included in Other Countries & Corporate, consisted of revenues and pretax income (loss) as follows:
## Table 4 ##
LATAM TRANSACTION In the third quarter 2007, the Company completed the sale of the Company’s businesses in Brazil, Argentina, Mexico, Puerto Rico, Venezuela and 13 other countries in Latin America and the Caribbean to a developmental licensee organization.
The Company refers to these markets as “Latam”.
Based on approval by the Company’s Board of Directors on April 17, 2007, the Company concluded Latam was “held for sale” as of that date in accordance with the requirements of SFAS No.144.
As a result, the Company recorded an impairment charge of $1.7 billion in 2007, substantially all of which was noncash.
The total charges for the full year included $895.8 million for the difference between the net book value of the Latam business and approximately $675 million in cash proceeds received.
This loss in value was primarily due to a historically diffi cult economic environment coupled with volatility experienced in many of the markets included in this transaction.
The charges also included historical foreign currency translation losses of $769.5 million recorded in shareholders’ equity.
The Company has recorded a tax benefi t of $62.0 million in connection with this transaction.
The tax benefi t was minimal due to the Company’s inability to utilize most of the capital losses generated by this transaction.
As a result of meeting the “held for sale” criteria, the Company ceased recording depreciation expense with respect to Latam effective April 17, 2007.
In connection with the sale, the Company has agreed to indemnify the buyers for certain tax and other claims, certain of which are refl ected as liabilities in McDonald’s Consolidated balance sheet totaling $179.2 million at yearend 2007.
The buyers of the Company’s operations in Latam have entered into a 20-year master franchise agreement that requires the buyers, among other obligations to (i) pay monthly royalties commencing at a rate of approximately 5% of gross sales of the restaurants in these markets, substantially consistent with market rates for similar license arrangements; (ii) commit to adding approximately 150 new McDonald’s restaurants over the fi rst three years and pay an initial fee for each new restaurant opened; and (iii) commit to specifi ed annual capital expenditures for existing restaurants.
IMPAIRMENT AND OTHER CHARGES (CREDITS), NET On a pretax basis, the Company recorded impairment and other charges (credits), net of $1,670.3 million in 2007, $134.2 million in 2006 and ($28.4) million in 2005 associated with impairment, as well as certain strategic actions in 2006.
In 2007, the Company recorded $1.7 billion related to the sale of the Latam businesses to a developmental licensee.
In addition, the charges for 2007 included a $15.7 million write-off of assets associated with the Toasted Deli Sandwich products in Canada and a net gain of $14.1 million as a result of the transfer of the Company’s ownership interest in three European markets to a developmental licensee, partly offset by a loss on the anticipated transfer of a small market in Europe to a developmental licensee.
In 2006, the charges primarily related to the following items: losses incurred on the transfers of the Company’s ownership interest in certain markets to developmental licensees ($35.8 million); the closing of certain restaurants in the U. K.  in conjunction with an overall restaurant portfolio review ($35.3 million); costs to buy out certain litigating franchisees in Brazil ($29.3 million); asset write-offs and other charges in APMEA ($17.5 million); and a loss related to the decision to dispose of supply chain operations in Russia ($13.1 million).
In 2005, the Company recorded $22.8 million of pretax impairment charges primarily in South Korea.
In addition, the Company recorded $51.2 million of pretax income, primarily due to the transfer of the Company’s ownership interest in Turkey to a developmental licensee and a favorable adjustment to certain liabilities established in prior years due to lower than originally anticipated employee-related and lease termination costs.
Significant components of deferred tax assets (liabilities) are as follows:

<table><tr><td></td><td colspan="2">2013</td><td>Change2013 over 2012</td><td colspan="2">2012</td><td>Change2012 over 2011</td><td colspan="2">2011</td></tr><tr><td></td><td colspan="8">(In millions, except percentages)</td></tr><tr><td>Silicon Systems Group</td><td>$5,507</td><td>65%</td><td>4%</td><td>$5,294</td><td>66%</td><td>-4%</td><td>$5,489</td><td>54%</td></tr><tr><td>Applied Global Services</td><td>2,090</td><td>25%</td><td>-8%</td><td>2,274</td><td>28%</td><td>-3%</td><td>2,333</td><td>23%</td></tr><tr><td>Display</td><td>703</td><td>8%</td><td>157%</td><td>274</td><td>4%</td><td>-57%</td><td>636</td><td>6%</td></tr><tr><td>Energy and Environmental Solutions</td><td>166</td><td>2%</td><td>-15%</td><td>195</td><td>2%</td><td>-88%</td><td>1,684</td><td>17%</td></tr><tr><td>Total</td><td>$8,466</td><td>100%</td><td>5%</td><td>$8,037</td><td>100%</td><td>-21%</td><td>$10,142</td><td>100%</td></tr></table>
<table><tr><td></td><td colspan="2">2013</td><td>Change2013 over 2012</td><td colspan="2">2012</td><td>Change2012 over 2011</td><td colspan="2">2011</td></tr><tr><td></td><td colspan="8">(In millions, except percentages)</td></tr><tr><td>Taiwan</td><td>$2,885</td><td>34%</td><td>34%</td><td>$2,155</td><td>27%</td><td>-4%</td><td>$2,235</td><td>22%</td></tr><tr><td>China</td><td>1,339</td><td>16%</td><td>232%</td><td>403</td><td>5%</td><td>-80%</td><td>2,066</td><td>20%</td></tr><tr><td>Korea</td><td>915</td><td>11%</td><td>-49%</td><td>1,784</td><td>22%</td><td>39%</td><td>1,286</td><td>13%</td></tr><tr><td>Japan</td><td>822</td><td>10%</td><td>37%</td><td>600</td><td>7%</td><td>-40%</td><td>1,001</td><td>10%</td></tr><tr><td>Southeast Asia</td><td>351</td><td>4%</td><td>24%</td><td>283</td><td>4%</td><td>-39%</td><td>463</td><td>5%</td></tr><tr><td>Asia Pacific</td><td>6,312</td><td>75%</td><td>21%</td><td>5,225</td><td>65%</td><td>-26%</td><td>7,051</td><td>70%</td></tr><tr><td>United States</td><td>1,419</td><td>17%</td><td>-29%</td><td>1,995</td><td>25%</td><td>-4%</td><td>2,069</td><td>20%</td></tr><tr><td>Europe</td><td>735</td><td>8%</td><td>-10%</td><td>817</td><td>10%</td><td>-20%</td><td>1,022</td><td>10%</td></tr><tr><td>Total</td><td>$8,466</td><td>100%</td><td>5%</td><td>$8,037</td><td>100%</td><td>-21%</td><td>$10,142</td><td>100%</td></tr></table>
<table><tr><td>2004</td><td>High</td><td>Low</td></tr><tr><td>Quarter ended March 31</td><td>$13.12</td><td>$9.89</td></tr><tr><td>Quarter ended June 30</td><td>16.00</td><td>11.13</td></tr><tr><td>Quarter ended September 30</td><td>15.85</td><td>13.10</td></tr><tr><td>Quarter ended December 31</td><td>18.75</td><td>15.19</td></tr><tr><td>2003</td><td>High</td><td>Low</td></tr><tr><td>Quarter ended March 31</td><td>$5.94</td><td>$3.55</td></tr><tr><td>Quarter ended June 30</td><td>9.90</td><td>5.41</td></tr><tr><td>Quarter ended September 30</td><td>11.74</td><td>8.73</td></tr><tr><td>Quarter ended December 31</td><td>12.00</td><td>9.59</td></tr></table>
<table><tr><td>Year Ended December 31,</td><td>2017</td><td>2016</td><td>2015</td></tr><tr><td>Balance at beginning of year</td><td>$466</td><td>$352</td><td>$331</td></tr><tr><td>Net charges to costs and expenses<sup>1</sup></td><td>32</td><td>126</td><td>45</td></tr><tr><td>Write-offs</td><td>-10</td><td>-10</td><td>-10</td></tr><tr><td>Other<sup>2</sup></td><td>-11</td><td>-2</td><td>-14</td></tr><tr><td>Balance at end of year</td><td>$477</td><td>$466</td><td>$352</td></tr></table>
<table><tr><td><i>IN MILLIONS</i></td><td>2007</td><td>2006</td><td>2005</td></tr><tr><td> Boston Market</td><td></td><td></td><td></td></tr><tr><td>Revenues</td><td>$444.1</td><td>$691.2</td><td>$715.2</td></tr><tr><td>Pretax income (loss)</td><td>-17.0</td><td>12.0</td><td>14.2</td></tr><tr><td> Chipotle</td><td></td><td></td><td></td></tr><tr><td>Revenues</td><td></td><td>$631.7</td><td>$627.7</td></tr><tr><td>Pretax income</td><td></td><td>39.8</td><td>27.2</td></tr></table>

Question: If Display develops with the same growth rate in 2013, what will it reach in 2014? (in million)
Answer: 1803.68248