## Table 0 ##
ACS sales increased by 17 percent in 2006 compared with 2005 due to organic sales growth of 10 percent and 7 percent growth from acquisitions, net of divestitures.
All of ACS businesses contributed to organic growth in the year.
In 2005 sales increased by 17 percent compared to 2004, which was primarily due to growth from acquisitions of 13 percent and organic growth of 4 percent.
Organic sales growth in ACS products businesses increased by 8 percent in 2006 compared to 2005, primarily due to strong customer demand for new products in our security and life safety products and increased sales to customers in emerging markets for environmental, combustion, sensing and control products.
In 2005, organic sales for products increased by 5 percent compared to 2004, primarily due to strong sales of fire solutions and security products, and the favorable effects of foreign exchange.
Organic sales in ACS solutions businesses increased by 11 percent in 2006 compared to 2005 driven by continued strong orders growth, strong conversion to sales from our order backlog and increased sales in emerging markets and strong revenue from energy projects.
In 2005, organic sales growth for the solutions businesses was 3 percent compared to 2004 due primarily to favorable foreign exchange and increased capital spending.
Sales from acquisitions, net of divestitures, increased by 7 percent in 2006 compared with 2005, largely representing revenues in ACS products businesses relating to NOVAR (primarily environmental, combustion, building controls and life safety products) for the first quarter of 2006, Zellweger (gas detection) for the first two quarters of 2006 and revenues from our Gardiner Groupe (security distribution) and First Technology (gas detection) acquisitions in the last three quarters of 2006.
In 2005, sales from acquisitions net of divestitures increased by 13 percent compared to 2004, due primarily to the acquisition of NOVAR, partially offset by the loss of sales due to the divestiture of our Security Monitoring business.
ACS segment profit increased by 15 percent in 2006 compared with 2005 due principally to increased sales volume and productivity savings (including net integration savings from our acquisitions) that more than offset continued inflation.
Segment profit was also negatively impacted in 2006 by a contract loss experienced on a Building Solutions project, and by ERP implementation costs.
ACS segment profit in 2005 increased by 19 percent compared with 2004 as the favorable effects of productivity actions, acquisitions (NOVAR) and higher sales volume more than offset the unfavorable effects of lower prices and investments in sales and marketing initiatives.2007 Areas of Focus ACS’s primary areas of focus for 2007 include: ?
Extending technology leadership: lowest total installed cost and integrated product solutions; ?
Defending and extending our installed base through customer productivity and globalization; ?
Sustaining strong brand recognition through our brand and channel management; and ?
Centralization and standardization of global software development capabilities.
Specialty Materials Overview Specialty Materials develops and manufactures high-purity, high-quality and high-performance chemicals and materials for applications in the automotive, healthcare, agricultural, packaging, carpet fibers, refrigeration, appliance, housing, semiconductor, wax and adhesives segments.
Specialty
HONEYWELL INTERNATIONAL INC.  NOTES TO FINANCIAL STATEMENTS—(Continued) (Dollars in millions, except per share amounts) Deferred tax assets (liabilities) Deferred income taxes represent the future tax effects of transactions which are reported in different periods for tax and financial reporting purposes.
The tax effects of temporary differences and tax carryforwards which give rise to future income tax benefits and payables are as follows:
## Table 1 ##
The Company’s effective tax rate decreased by 6.2 percentage points in 2006 compared with 2005, due principally to the absence of the 2005 one-time tax charge of $155 million for the repatriation of foreign earnings under the American Jobs Creation Act of 2004 (the “Act’’), offset, in part, by $64 million of tax benefits associated with the 2005 sale of our Industrial Wax business which had a higher tax basis than book basis.
In addition, in 2006, there were benefits recognized from the favorable resolution of certain tax audits offset by a tax charge for an up-front licensing of certain in-process research and development.
The amount of U. S.  federal tax net operating losses available for carryforward at December 31, 2006 was $35 million that were generated by certain subsidiaries prior to their acquisition and have expiration dates through 2024.
The use of pre-acquisition operating losses is subject to limitations imposed by the Internal Revenue Code.
We do not anticipate that these limitations will affect utilization of the carryforwards prior to their expiration.
Various subsidiaries have state tax net operating loss carryforwards of $3.2 billion at December 31, 2006 with varying expiration dates through 2025.
We also have foreign net operating and capital losses of $2.4 billion which are available to reduce future income tax payments in several countries, subject to varying expiration rules.
Included in these losses is $32 million of loss carryforwards related to businesses purchased by Honeywell in 2006.
We have U. S.  tax credit carryforwards of $94 million at December 31, 2006, including carryforwards of $41 million with various expiration dates through 2026 and tax credits of $53 million which are not subject to expiration.
In addition, we have $221 million of foreign tax credits available for carryback or carryforward on the U. S.  federal tax return at December 31, 2006 with varying expiration dates through 2015.
The valuation allowance against deferred tax assets was increased by $39, $139 and $39 million in 2006, 2005 and 2004, respectively.
The 2006 increase in the valuation allowance was primarily due to an increase in foreign net operating losses attributable to acquired businesses not expected to be realized and a partial valuation allowance against a deferred tax asset established in connection with the adoption of SFAS No.158 partially offset by a decrease in state tax net operating loss carryforwards (net of federal impact).
The 2005 increase in the valuation allowance was primarily due to an increase in foreign net operating and capital losses and net deferred tax assets attributable to
HONEYWELL INTERNATIONAL INC.  NOTES TO FINANCIAL STATEMENTS—(Continued) (Dollars in millions, except per share amounts) acquired businesses not expected to be realized, that was partially offset by a decrease in state tax net operating loss carryforwards (net of federal impact) and the disallowance of foreign net operating losses for which a valuation allowance had previously been provided.
The 2004 increase in the valuation allowance was primarily due to an increase in state tax net operating loss carryforwards (net of federal impact) and foreign net operating and capital losses that are not expected to be realized, partially offset by a decrease for foreign tax credits which we now believe will be utilized due to the extension of the foreign tax credit carryforward period from five to 10 years under the Act.
Federal income taxes have not been provided on undistributed earnings of the majority of our international subsidiaries as it is our intention to reinvest these earnings into the respective businesses.
At December 31, 2006 Honeywell has not provided for U. S.  federal income and foreign withholding taxes on approximately $2.9 billion of such earnings of our non-U.
S.  operations.
It is not practicable to estimate the amount of tax that might be payable if some or all of such earnings were to be remitted, and foreign tax credits would be available to reduce or eliminate the resulting U. S.  income tax liability.
In 2005, the Company was effected by actions taken relating to certain provisions in the Act which was signed into law in October 2004 and provides for a variety of changes in the tax law including incentives to repatriate undistributed earnings of foreign subsidiaries, a phased elimination of the extraterritorial income exclusion, and a domestic manufacturing benefit.
More specifically, the Act created a temporary incentive for U. S.  corporations to repatriate accumulated income earned outside the U. S.  by providing an 85 percent dividends received deduction for certain dividends from controlled foreign corporations.
In 2005, we repatriated approximately $2.7 billion of foreign earnings, of which $2.2 billion received the benefit under the Act, with an income tax provision of $155 million.
No additional amounts were repatriated under the Act in 2006.
Note 7—Earnings (Loss) Per Share The following table sets forth the computations of basic and diluted earnings (loss) per share:
## Table 2 ##
KIMCO REALTY CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, continued During 2012, the Albertsons joint venture distributed $50.3 million of which the Company received $6.9 million, which was recognized as income from cash received in excess of the Company’s investment, before income tax, and is included in Equity in income from other real estate investments, net on the Company’s Consolidated Statements of Income.
In January 2015, the Company invested an additional $85.3 million of new equity in the Company’s Albertsons joint venture to facilitate the acquisition of Safeway Inc.  by the Cerberus lead consortium.
As a result, Kimco now holds a 9.8% ownership interest in the combined company which operates 2,230 stores across 34 states.
Leveraged Lease - During June 2002, the Company acquired a 90% equity participation interest in an existing leveraged lease of 30 properties.
The properties are leased under a long-term bond-type net lease whose primary term expires in 2016, with the lessee having certain renewal option rights.
The Company’s cash equity investment was $4.0 million.
This equity investment is reported as a net investment in leveraged lease in accordance with the FASB’s lease guidance.
As of December 31, 2014, 19 of these properties were sold, whereby the proceeds from the sales were used to pay down $32.3 million in mortgage debt and the remaining 11 properties remain encumbered by third-party non-recourse debt of $11.2 million that is scheduled to fully amortize during the primary term of the lease from a portion of the periodic net rents receivable under the net lease.
As an equity participant in the leveraged lease, the Company has no recourse obligation for principal or interest payments on the debt, which is collateralized by a first mortgage lien on the properties and collateral assignment of the lease.
Accordingly, this obligation has been offset against the related net rental receivable under the lease.
At December 31, 2014 and 2013, the Company’s net investment in the leveraged lease consisted of the following (in millions):
## Table 3 ##
9.
Variable Interest Entities: Consolidated Ground-Up Development Projects Included within the Company’s ground-up development projects at December 31, 2014, is an entity that is a VIE, for which the Company is the primary beneficiary.
This entity was established to develop real estate property to hold as a long-term investment.
The Company’s involvement with this entity is through its majority ownership and management of the property.
This entity was deemed a VIE primarily based on the fact that the equity investment at risk is not sufficient to permit the entity to finance its activities without additional financial support.
The initial equity contributed to this entity was not sufficient to fully finance the real estate construction as development costs are funded by the partners throughout the construction period.
The Company determined that it was the primary beneficiary of this VIE as a result of its controlling financial interest.
At December 31, 2014, total assets of this ground-up development VIE were $77.7 million and total liabilities were $0.1 million.
The classification of these assets is primarily within Real estate under development in the Company’s Consolidated Balance Sheets and the classifications of liabilities are primarily within Accounts payable and accrued expenses on the Company’s Consolidated Balance Sheets.
Substantially all of the projected development costs to be funded for this ground-up development VIE, aggregating $32.8 million, will be funded with capital contributions from the Company and by the outside partners, when contractually obligated.
The Company has not provided financial support to this VIE that it was not previously contractually required to provide.

<table><tr><td></td><td> 2006 </td><td> 2005 </td><td> 2004 </td></tr><tr><td></td><td colspan="3"> (Dollars in millions)</td></tr><tr><td>Net sales</td><td>$11,020</td><td>$9,416</td><td>$8,031</td></tr><tr><td>% change compared with prior year</td><td>17%</td><td>17%</td><td></td></tr><tr><td>Segment profit</td><td>$1,223</td><td>$1,065</td><td>$894</td></tr><tr><td>% change compared with prior year</td><td>15%</td><td>19%</td><td></td></tr></table>
<table><tr><td></td><td colspan="2"> December 31, </td></tr><tr><td></td><td> 2006 </td><td> 2005 </td></tr><tr><td>Property, plant and equipment basis differences</td><td>$-608</td><td>$-582</td></tr><tr><td>Postretirement benefits other than pensions and postemployment benefits</td><td>747</td><td>771</td></tr><tr><td>Investment and other asset basis differences</td><td>-396</td><td>-31</td></tr><tr><td>Other accrued items</td><td>1,567</td><td>642</td></tr><tr><td>Net operating and capital losses</td><td>786</td><td>841</td></tr><tr><td>Tax credits</td><td>315</td><td>408</td></tr><tr><td>Undistributed earnings of subsidiaries</td><td>-40</td><td>-40</td></tr><tr><td>All other items—net</td><td>43</td><td>8</td></tr><tr><td></td><td>2,414</td><td>2,017</td></tr><tr><td>Valuation allowance</td><td>-516</td><td>-477</td></tr><tr><td></td><td>$1,898</td><td>$1,540</td></tr></table>
<table><tr><td></td><td colspan="2"> 2006 </td><td colspan="2"> 2005 </td><td colspan="2"> 2004 </td></tr><tr><td></td><td> Basic </td><td> Assuming Dilution </td><td> Basic </td><td> Assuming Dilution </td><td> Basic </td><td> Assuming Dilution </td></tr><tr><td> Income</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income from continuing operations</td><td>$2,078</td><td>$2,078</td><td>$1,564</td><td>$1,564</td><td>$1,246</td><td>$1,246</td></tr><tr><td>Income from discontinued operations, net of taxes</td><td>5</td><td>5</td><td>95</td><td>95</td><td>—</td><td>—</td></tr><tr><td>Cumulative effect of accounting change, net of taxes</td><td>—</td><td>—</td><td>-21</td><td>-21</td><td>—</td><td>—</td></tr><tr><td>Net income</td><td>$2,083</td><td>$2,083</td><td>$1,638</td><td>$1,638</td><td>$1,246</td><td>$1,246</td></tr><tr><td> Average shares</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Average shares outstanding</td><td>820,845,838</td><td>820,845,838</td><td>848,740,395</td><td>848,740,395</td><td>858,857,721</td><td>858,857,721</td></tr><tr><td>Dilutive securities issuable in connection with stock plans</td><td>—</td><td>5,432,435</td><td>—</td><td>3,594,592</td><td>—</td><td>3,475,613</td></tr><tr><td>Total average shares</td><td>820,845,838</td><td>826,278,273</td><td>848,740,395</td><td>852,334,987</td><td>858,857,721</td><td>862,333,334</td></tr><tr><td> Earnings (loss) per share of common stock</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income from continuing operations</td><td>$2.53</td><td>$2.51</td><td>$1.85</td><td>$1.84</td><td>$1.45</td><td>$1.45</td></tr><tr><td>Income from discontinued operations, net of taxes</td><td>0.01</td><td>0.01</td><td>0.11</td><td>0.11</td><td>—</td><td>—</td></tr><tr><td>Cumulative effect of accounting change, net of taxes</td><td>—</td><td>—</td><td>-0.03</td><td>-0.03</td><td>—</td><td>—</td></tr><tr><td>Net income</td><td>$2.54</td><td>$2.52</td><td>$1.93</td><td>$1.92</td><td>$1.45</td><td>$1.45</td></tr></table>
<table><tr><td></td><td>2014</td><td>2013</td></tr><tr><td>Remaining net rentals</td><td>$8.3</td><td>$15.9</td></tr><tr><td>Estimated unguaranteed residual value</td><td>30.3</td><td>30.3</td></tr><tr><td>Non-recourse mortgage debt</td><td>-10.1</td><td>-16.1</td></tr><tr><td>Unearned and deferred income</td><td>-12.9</td><td>-19.9</td></tr><tr><td>Net investment in leveraged lease</td><td>$15.6</td><td>$10.2</td></tr></table>

Question: at december 31 , 2014 what was the amount of the equity in millions for the , ground-up development vie in millions .
Answer: 77.6