Management’s Discussion and Analysis of Financial Condition and Results of Operations – (continued) (Amounts in Millions, Except Per Share Amounts) At December 31, 2012, we held $883.5 of cash, cash equivalents and marketable securities in foreign subsidiaries.
We have not provided U. S.  federal income taxes on undistributed foreign earnings of our foreign subsidiaries because we consider such earnings to be permanently reinvested outside the United States.
If in the future we distribute these amounts to the United States, an additional provision for the U. S.  income and foreign withholding taxes, net of foreign tax credits, could be necessary.
Credit Facilities We maintain a committed corporate credit facility to increase our financial flexibility (the “Credit Agreement”).
The Credit Agreement is a revolving facility expiring May 31, 2016, under which amounts borrowed by us or any of our subsidiaries designated under the Credit Agreement may be repaid and reborrowed, subject to an aggregate lending limit of $1,000.0 or the equivalent in other currencies.
The aggregate available amount of letters of credit outstanding may decrease or increase, subject to a sublimit on letters of credit of $200.0 or the equivalent in other currencies.
Our obligations under the Credit Agreement are unsecured.
We use our Credit Agreement to provide letters of credit primarily to support obligations of our subsidiaries.
The Credit Agreement includes covenants that, among other things, limit our liens and the liens of our consolidated subsidiaries and limit subsidiary debt.
The financial covenants in the Credit Agreement require that we maintain, as of the end of each fiscal quarter, certain financial measures for the four quarters then ended.
In November 2012, we entered into an amendment to our Credit Agreement, which modified the definition of “Total Debt” in the Credit Agreement to disregard until August 15, 2013 the $300.0 in aggregate principal amount of the 2.25% Notes and the $500.0 in aggregate principal amount of the 3.75% Notes that we issued in November 2012, subject to the reduction of this disregarded amount by the amount of any reductions in the outstanding aggregate principal amount of the 4.75% Notes or the 10.00% Notes.
As a result of this amendment, these notes will have no impact on our financial covenants in the Credit Agreement until August 15, 2013.
The table below sets forth the financial covenants in effect as of December 31, 2012.
## Table 0 ##
1 EBITDA is calculated as defined in the Credit Agreement.
As of December 31, 2012, we were in compliance with all of our covenants in the Credit Agreement.
If we were unable to comply with our covenants in the future, we would seek an amendment or waiver from our lenders, but there is no assurance that our lenders would grant an amendment or waiver.
If we were unable to obtain the necessary amendment or waiver, the credit facility could be terminated and our lenders could accelerate payments of any outstanding principal.
In addition, under those circumstances we could be required to deposit funds with one of our lenders in an amount equal to any outstanding letters of credit under the credit facility.
We also have uncommitted credit facilities with various banks that permit borrowings at variable interest rates.
We use our uncommitted credit lines for working capital needs at some of our operations outside the United States.
We have guaranteed the repayment of some of these borrowings made by certain subsidiaries.
If we lose access to these credit lines, we would have to provide funding directly to some of our international operations.
The weighted-average interest rate on outstanding balances under the uncommitted credit facilities as of December 31, 2012 and 2011 was approximately 4.0% and 5.0%, respectively.
Notes to Consolidated Financial Statements – (continued) (Amounts in Millions, Except per Share Amounts) Stock-based compensation awards expected to be settled in cash have been classified as liabilities in our Consolidated Balance Sheets as of December 31, 2012 and 2011
## Table 1 ##
In conjunction with common stock dividends declared in 2012 and 2011, we accrued dividends of $1.1 and $2.5, respectively, on non-vested stock-settled awards and paid $1.7 and $0.3 for stock-settled awards that vested during 2012 and 2011, respectively.
A summary of the activity of our non-vested stock-settled awards, cash-settled awards, and performance-based awards during 2012 is presented below (performance-based awards are shown at 100% of the shares originally granted
## Table 2 ##
During 2012, 2011 and 2010, additional performance cash awards with a total target value of $33.6, $31.9 and $19.0 respectively, were awarded under the 2009 PIP and will be settled in shares upon vesting, which is three years from the grant date.
As of December 31, 2012, there was $26.8 of total unrecognized compensation expense related to these awards, which is expected to be recognized over a remaining weighted-average period of 1.7 years.
In conjunction with our annual grant of long-term incentive compensation awards, we reviewed our estimates and assumptions in 2012, which resulted in an increase to our estimated forfeiture rate, as our review of our actual forfeitures indicated a higher level of forfeitures than previously assumed.2009 Restricted Cash Plan In March 2009, the Compensation Committee approved the Interpublic Restricted Cash Plan (the “Cash Plan”).
Under the Cash Plan, the Board, the Compensation Committee or the Plan Administrator may grant cash awards to certain employees eligible to receive stock-settled and cash-settled awards.
Cash awards, when granted, have a service period vesting condition and generally vest in three years.
Aeronautics Our Aeronautics business segment is engaged in the research, design, development, manufacture, integration, sustainment, support, and upgrade of advanced military aircraft, including combat and air mobility aircraft, unmanned air vehicles, and related technologies.
Aeronautics’ major programs include the F-35 Lightning II Joint Strike Fighter, C-130 Hercules, F-16 Fighting Falcon, F-22 Raptor, and the C-5M Super Galaxy.
Aeronautics’ operating results included the following (in millions):

<table><tr><td></td><td>Four Quarters Ended</td><td></td><td>Four Quarters Ended</td></tr><tr><td>Financial Covenants</td><td>December 31, 2012</td><td>EBITDA Reconciliation</td><td>December 31, 2012</td></tr><tr><td>Interest coverage ratio (not less than)</td><td>5.00x</td><td>Operating income</td><td>$678.3</td></tr><tr><td>Actual interest coverage ratio</td><td>7.81x</td><td>Add:</td><td></td></tr><tr><td></td><td></td><td>Depreciation and amortization</td><td>192.2</td></tr><tr><td>Leverage ratio (not greater than)</td><td>2.75x</td><td>Other non-cash amounts</td><td>0.2</td></tr><tr><td>Actual leverage ratio</td><td>1.89x</td><td>EBITDA<sup>1</sup></td><td>$870.7</td></tr></table>
<table><tr><td></td><td colspan="3">Years ended December 31,</td></tr><tr><td></td><td>2012</td><td>2011</td><td>2010</td></tr><tr><td>Stock-Settled Awards:</td><td></td><td></td><td></td></tr><tr><td>Awards granted</td><td>0.9</td><td>0.8</td><td>3.7</td></tr><tr><td>Weighted-average grant-date fair value (per award)</td><td>$11.43</td><td>$11.94</td><td>$8.47</td></tr><tr><td>Total fair value of vested awards distributed</td><td>$63.5</td><td>$63.1</td><td>$36.4</td></tr><tr><td>Cash-Settled Awards:</td><td></td><td></td><td></td></tr><tr><td>Awards granted</td><td>0.1</td><td>0.0</td><td>0.6</td></tr><tr><td>Weighted-average grant-date fair value (per award)</td><td>$10.94</td><td>$8.96</td><td>$8.50</td></tr><tr><td>Total fair value of vested awards distributed</td><td>$11.1</td><td>$10.4</td><td>$4.8</td></tr><tr><td>Performance-Based Awards:</td><td></td><td></td><td></td></tr><tr><td>Awards granted</td><td>1.8</td><td>1.8</td><td>0.1</td></tr><tr><td>Weighted-average grant-date fair value (per award)</td><td>$10.61</td><td>$11.58</td><td>$11.02</td></tr><tr><td>Total fair value of vested awards distributed</td><td>$11.5</td><td>$30.8</td><td>$4.6</td></tr></table>
<table><tr><td></td><td colspan="2">Stock-Settled Awards</td><td colspan="2">Cash-Settled Awards</td><td colspan="2">Performance-Based Awards</td></tr><tr><td></td><td>Awards</td><td>Weighted-AverageGrant-DateFair Value(per award)</td><td>Awards</td><td>Weighted-AverageGrant-DateFair Value(per award)</td><td>Awards</td><td>Weighted-AverageGrant-DateFair Value(per award)</td></tr><tr><td>Non-vested as of January 1, 2012</td><td>9.2</td><td>$6.41</td><td>1.6</td><td>$5.85</td><td>2.0</td><td>$10.84</td></tr><tr><td>Granted</td><td>0.9</td><td>11.43</td><td>0.1</td><td>10.94</td><td>1.8</td><td>10.61</td></tr><tr><td>Vested</td><td>-5.7</td><td>4.88</td><td>-1.0</td><td>4.62</td><td>-1.0</td><td>8.50</td></tr><tr><td>Forfeited</td><td>-0.6</td><td>8.16</td><td>-0.2</td><td>6.54</td><td>-0.1</td><td>11.62</td></tr><tr><td>Non-vested as of December 31, 2012</td><td>3.8</td><td>9.55</td><td>0.5</td><td>8.62</td><td>2.7</td><td>11.57</td></tr><tr><td>Total unrecognized compensation expense remaining</td><td>$6.6</td><td></td><td>$0.8</td><td></td><td>$11.9</td><td></td></tr><tr><td>Weighted-average years expected to be recognized over</td><td>0.8</td><td></td><td>0.4</td><td></td><td>1.8</td><td></td></tr></table>

Question: What is the 50% of the Awards value of Total unrecognized compensation expense remaining for Stock-Settled Awards?
Answer: 3.3