Table XII Selected Quarterly Financial Data (continued)
## Table 0 ##
For footnotes see page 104.
Consolidated Results – Year Ended December 31, 2011 Compared with Year Ended December 31, 2010 Net sales increased in 2011 from 2010 primarily due to higher pricing across all of our business segments.
Favorable foreign currency impacts also added to the increase in net sales.
In addition to higher pricing, our Advanced Engineered Materials segment contributed to our increase in net sales reflecting the impact of the two product lines, Zenite?
LCP and Thermx?
PCT, acquired from DuPont Performance Polymers in May 2010, as well as higher volumes in almost all of its product lines, particularly in LFT and GUR?
ultra-high molecular weight polyethylene.
Increased net sales also were a result of higher growth and innovation volumes from our Emulsions business.
Volumes in our Consumer Specialties business remained relatively flat while volumes in our Acetyl Intermediates segment decreased primarily due to planned and unplanned production outages at our Nanjing facility.
Gross profit increased from the prior year due to higher net sales and the absence of certain write-offs and accelerated amortization recorded in 2010.
During the year ended December 31, 2010, we wrote-off other productive assets of $18 million related to our Singapore and Nanjing, China facilities, which are included in our Acetyl Intermediates segment.
We also recorded $22 million of accelerated amortization to write-off the asset associated with a raw material purchase agreement with a supplier who filed for bankruptcy in 2009.
The accelerated amortization was recorded as $20 million to our Acetyl Intermediates segment and $2 million to our Advanced Engineered Materials segment.
Both the write-off of other productive assets and accelerated amortization were recorded to Cost of Sales in the accompanying consolidated statements of operations during the year ended December 31, 2010.
Gross profit as a percentage of sales in 2011 increased due to higher pricing which more than offset higher raw material costs.
Selling, general and administrative expenses increased in 2011 primarily due to costs associated with business and functional optimization initiatives and higher spending on innovation.
However, as a percentage of sales, selling, general and administrative expenses declined from 8.5% to 7.9% for the year ended December 31, 2011 as compared to the same period in 2010 due to sustainable efficiencies.
Other (charges) gains, net increased $2 million during 2011 as compared to 2010:
## Table 1 ##
As a result of the Company’s Pardies, France “Project of Closure” and the previously announced closure of the Company’s Spondon, Derby, United Kingdom facility, the Company recorded $4 million and $4 million, respectively, of employee termination benefits during the year ended December 31, 2011.
The Pardies, France operations are included in our Acetyl Intermediates segment.
The Spondon, Derby, United Kingdom operations are included in our Consumer Specialties segment.
See Note 4 to the accompanying consolidated financial statements for further information regarding these plant closures.
Additionally, the Company recorded $8 million of employee termination benefits during the year ended December 31, 2011 related to the relocation of the Company's Ticona Kelsterbach, Germany operations to Frankfurt Hoechst Industrial Park, Germany.
On September 26, 2011, the Company announced the start-up of the new POM production facility in Frankfurt Hoechst Industrial Park, Germany.
The Ticona German operations are included in our Advanced Engineered Materials segment.
See Note 27 in the accompanying consolidated financial statements for further information regarding the Ticona Kelsterbach plant relocation.
The Company recorded $6 million of employee termination benefits during the year ended December 31, 2011 related to a business optimization project which is included in our Other Activities segment.
Marine Systems ?
HSI Electric, Inc.  (HSI), of Honolulu, Hawaii, on July 23.
HSI is a marine and industrial electrical company specializing in electrical apparatus installation, maintenance, troubleshooting and repair.
Information Systems and Technology ?
ViPS, Inc.  (ViPS), a wholly owned subsidiary of HLTH Corporation, of Towson, Maryland, on July 22.
ViPS is a leading provider of highend healthcare technology solutions, including data management, analytics, decision support and process automation, that support both U. S.  federal government agencies and commercial healthcare organizations.  ?
Integrated Defense Systems, Inc.  (IDSI), of Glen Rock, Pennsylvania, on February 29.
IDSI produces advanced filtering technologies and broadband power amplifiers for tactical communications applications for military and other government customers.
In 2007, we acquired four businesses for an aggregate of $330 in cash.
Aerospace ?
WECO Aerospace Systems, Inc.  (WECO), of Lincoln, California, on March 2.
WECO, renamed GDAS – Lincoln, Inc. , is an aviationcomponent overhaul company specializing in electronic accessories and flight instrument services.
Combat Systems ?
SNC Technologies Inc.  (SNC TEC), a wholly owned subsidiary of SNC-Lavalin Group Inc.  of Montreal, Quebec, on January 5.
SNC TEC is an ammunition system integrator that supplies small-, mediumand large-caliber ammunition and related products to the Canadian Forces, U. S.  and other national defense customers, and law enforcement agencies around the world.
Information Systems and Technology ?
Mediaware International Pty Ltd.  (Mediaware) of Australia on November 13.
Mediaware develops real-time full-motion compressed digital video processing software and systems for defense, intelligence and commercial customers.  ?
Monteria, LLC (Monteria), of Mount Airy, Maryland, on October 24.
Monteria designs and manufactures technology and systems dedicated exclusively to supporting the signals intelligence (SIGINT) community We funded each of the above acquisitions using cash on hand and commercial paper borrowings.
The operating results of these businesses have been included with our reported results since the respective closing dates of the acquisitions.
The purchase prices of these businesses have been allocated to the estimated fair value of net tangible and intangible assets acquired, with any excess purchase price recorded as goodwill.
Intangible assets consisted of the following:
## Table 2 ##
Contract and program intangible assets represent primarily acquired backlog and probable follow-on work and related customer relationships.
We amortize these assets generally over seven to 30 years.
The weightedaverage amortization life of these assets on December 31, 2009, was 16 years.
Other intangible assets consist of trade names and trademarks, technology, software and licenses.
We amortize these other intangible assets generally over seven to 30 years, with a weighted-average amortization life of 21 years.
We amortize intangible assets on a straight-line basis unless the pattern of usage of the benefits indicates an alternate method is more representative of the usage of the asset.
Amortization expense was $218 in 2009, $146 in 2008 and $145 in 2007.
We expect to record annual amortization expense over the next five years as follows:
## Table 3 ##
for uncoated freesheet paper and market pulp announced at the end of 2009 become effective.
Input costs are expected to be higher due to wood supply constraints at the Kwidzyn mill and annual tariff increases on energy in Russia.
Planned maintenance outage costs are expected to be about flat, while operating costs should be favorable.
ASIAN PRINTING PAPERS net sales were approximately $50 million in 2009 compared with approximately $20 million in both 2008 and 2007.
Operating earnings increased slightly in 2009 compared with 2008, but were less than $1 million in all periods.
U. S.  MARKET PULP net sales in 2009 totaled $575 million compared with $750 million in 2008 and $655 million in 2007.
Operating earnings in 2009 were $140 million (a loss of $71 million excluding alternative fuel mixture credits and plant closure costs) compared with a loss of $156 million (a loss of $33 million excluding costs associated with the permanent shutdown of the Bastrop mill) in 2008 and earnings of $78 million in 2007.
Sales volumes in 2009 decreased from 2008 levels due to weaker global demand.
Average sales price realizations were significantly lower as the decline in demand resulted in significant price declines for market pulp and smaller declines in fluff pulp.
Input costs for wood, energy and chemicals decreased, and freight costs were significantly lower.
Mill operating costs were favorable across all mills, and planned maintenance downtime costs were lower.
Lack-of-order downtime in 2009 increased to approximately 540,000 tons, including 480,000 tons related to the permanent shutdown of our Bastrop mill in the fourth quarter of 2008, compared with 135,000 tons in 2008.
In the first quarter of 2010, sales volumes are expected to increase slightly, reflecting improving customer demand for fluff pulp, offset by slightly seasonally weaker demand for softwood and hardwood pulp in China.
Average sales price realizations are expected to improve, reflecting the realization of previously announced sales price increases for fluff pulp, hardwood pulp and softwood pulp.
Input costs are expected to increase for wood, energy and chemicals, and freight costs may also increase.
Planned maintenance downtime costs will be higher, but operating costs should be about flat.
Consumer Packaging Demand and pricing for Consumer Packaging products correlate closely with consumer spending and general economic activity.
In addition to prices and volumes, major factors affecting the profitability of Consumer Packaging are raw material and energy costs, freight costs, manufacturing efficiency and product mix.
CONSUMER PACKAGING net sales in 2009 decreased 4% compared with 2008 and increased 1% compared with 2007.
Operating profits increased significantly compared with both 2008 and 2007.
Excluding alternative fuel mixture credits and facility closure costs, 2009 operating profits were significantly higher than 2008 and 57% higher than 2007.
Benefits from higher average sales price realizations ($114 million), lower raw material and energy costs ($114 million), lower freight costs ($21 million), lower costs associated with the reorganization of the Shorewood business ($23 million), favorable foreign exchange effects ($14 million) and other items ($12 million) were partially offset by lower sales volumes and increased lack-of-order downtime ($145 million) and costs associated with the permanent shutdown of the Franklin mill ($67 million).
Additionally, operating profits in 2009 included $330 million of alternative fuel mixture credits.
## Table 4 ##
NORTH AMERICAN CONSUMER PACKAGING net sales were $2.2 billion compared with $2.5 billion in 2008 and $2.4 billion in 2007.
Operating earnings in 2009 were $343 million ($87 million excluding alternative fuel mixture credits and facility closure costs) compared with $8 million ($38 million excluding facility closure costs) in 2008 and $70 million in 2007.
Coated Paperboard sales volumes were lower in 2009 compared with 2008 reflecting weaker market conditions.
Average sales price realizations were significantly higher, reflecting the full-year realization of price increases implemented in the second half of 2008.
Raw material costs for wood, energy and chemicals were significantly lower in 2009, while freight costs were also favorable.
Operating costs, however, were unfavorable and planned maintenance downtime costs were higher.
Lack-of-order downtime increased to 300,000 tons in 2009 from 15,000 tons in 2008 due to weak demand.
Operating results in 2009 include income of $330 million for alternative fuel mixture credits and $67 million of expenses for shutdown costs for the Franklin mill.
Foodservice sales volumes were lower in 2009 than in 2008 due to generally weak world-wide economic conditions.
Average sales price realizations were

<table><tr><td></td><td colspan="4">2016 Quarters</td><td colspan="4">2015 Quarters</td></tr><tr><td>(Dollars in millions)</td><td>Fourth</td><td>Third</td><td>Second</td><td>First</td><td>Fourth</td><td>Third</td><td>Second</td><td>First</td></tr><tr><td>Average balance sheet</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total loans and leases</td><td>$908,396</td><td>$900,594</td><td>$899,670</td><td>$892,984</td><td>$886,156</td><td>$877,429</td><td>$876,178</td><td>$876,169</td></tr><tr><td>Total assets</td><td>2,208,039</td><td>2,189,490</td><td>2,188,241</td><td>2,173,922</td><td>2,180,507</td><td>2,168,930</td><td>2,151,966</td><td>2,138,832</td></tr><tr><td>Total deposits</td><td>1,250,948</td><td>1,227,186</td><td>1,213,291</td><td>1,198,455</td><td>1,186,051</td><td>1,159,231</td><td>1,146,789</td><td>1,130,725</td></tr><tr><td>Long-term debt</td><td>220,587</td><td>227,269</td><td>233,061</td><td>233,654</td><td>237,384</td><td>240,520</td><td>242,230</td><td>240,127</td></tr><tr><td>Common shareholders’ equity</td><td>245,139</td><td>243,679</td><td>240,376</td><td>237,229</td><td>234,800</td><td>231,524</td><td>228,774</td><td>225,477</td></tr><tr><td>Total shareholders’ equity</td><td>270,360</td><td>268,899</td><td>265,354</td><td>260,423</td><td>257,074</td><td>253,798</td><td>251,048</td><td>245,863</td></tr><tr><td>Asset quality<sup>-3</sup></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Allowance for credit losses<sup>-4</sup></td><td>$11,999</td><td>$12,459</td><td>$12,587</td><td>$12,696</td><td>$12,880</td><td>$13,318</td><td>$13,656</td><td>$14,213</td></tr><tr><td>Nonperforming loans, leases and foreclosed properties<sup>-5</sup></td><td>8,084</td><td>8,737</td><td>8,799</td><td>9,281</td><td>9,836</td><td>10,336</td><td>11,565</td><td>12,101</td></tr><tr><td>Allowance for loan and lease losses as a percentage of total loans and leases outstanding<sup>-5, 6</sup></td><td>1.26%</td><td>1.30%</td><td>1.32%</td><td>1.35%</td><td>1.37%</td><td>1.45%</td><td>1.50%</td><td>1.58%</td></tr><tr><td>Allowance for loan and lease losses as a percentage of total nonperforming loans and leases<sup>-5, 6</sup></td><td>149</td><td>140</td><td>142</td><td>136</td><td>130</td><td>129</td><td>122</td><td>122</td></tr><tr><td>Allowance for loan and lease losses as a percentage of total nonperforming loans and leases, excluding the PCI loan portfolio<sup>-5, 6</sup></td><td>144</td><td>135</td><td>135</td><td>129</td><td>122</td><td>120</td><td>111</td><td>110</td></tr><tr><td>Amounts included in allowance for loan and lease losses for loans and leases that are excluded from nonperforming loans and leases<sup>-7</sup></td><td>$3,951</td><td>$4,068</td><td>$4,087</td><td>$4,138</td><td>$4,518</td><td>$4,682</td><td>$5,050</td><td>$5,492</td></tr><tr><td>Allowance for loan and lease losses as a percentage of total nonperforming loans and leases, excluding the allowance for loan and lease losses for loans and leases that are excluded from nonperforming loans and leases<sup>-5, 7</sup></td><td>98%</td><td>91%</td><td>93%</td><td>90%</td><td>82%</td><td>81%</td><td>75%</td><td>73%</td></tr><tr><td>Net charge-offs<sup>-8</sup></td><td>$880</td><td>$888</td><td>$985</td><td>$1,068</td><td>$1,144</td><td>$932</td><td>$1,068</td><td>$1,194</td></tr><tr><td>Annualized net charge-offs as a percentage of average loans and leases outstanding<sup>-5, 8</sup></td><td>0.39%</td><td>0.40%</td><td>0.44%</td><td>0.48%</td><td>0.52%</td><td>0.43%</td><td>0.49%</td><td>0.56%</td></tr><tr><td>Annualized net charge-offs as a percentage of average loans and leases outstanding, excluding the PCI loan portfolio<sup>-5</sup></td><td>0.39</td><td>0.40</td><td>0.45</td><td>0.49</td><td>0.53</td><td>0.43</td><td>0.50</td><td>0.58</td></tr><tr><td>Annualized net charge-offs and PCI write-offs as a percentage of average loans and leases outstanding<sup>-5</sup></td><td>0.42</td><td>0.43</td><td>0.48</td><td>0.53</td><td>0.55</td><td>0.49</td><td>0.63</td><td>0.70</td></tr><tr><td>Nonperforming loans and leases as a percentage of total loans and leases outstanding<sup>-5, 6</sup></td><td>0.85</td><td>0.93</td><td>0.94</td><td>0.99</td><td>1.05</td><td>1.12</td><td>1.23</td><td>1.30</td></tr><tr><td>Nonperforming loans, leases and foreclosed properties as a percentage of total loans, leases and foreclosed properties<sup>-5, 6</sup></td><td>0.89</td><td>0.97</td><td>0.98</td><td>1.04</td><td>1.10</td><td>1.18</td><td>1.32</td><td>1.40</td></tr><tr><td>Ratio of the allowance for loan and lease losses at period end to annualized net charge-offs<sup>-6, 8</sup></td><td>3.28</td><td>3.31</td><td>2.99</td><td>2.81</td><td>2.70</td><td>3.42</td><td>3.05</td><td>2.82</td></tr><tr><td>Ratio of the allowance for loan and lease losses at period end to annualized net charge-offs, excluding the PCI loan portfolio<sup>-6</sup></td><td>3.16</td><td>3.18</td><td>2.85</td><td>2.67</td><td>2.52</td><td>3.18</td><td>2.79</td><td>2.55</td></tr><tr><td>Ratio of the allowance for loan and lease losses at period end to annualized net charge-offs and PCI write-offs<sup>-6</sup></td><td>3.04</td><td>3.03</td><td>2.76</td><td>2.56</td><td>2.52</td><td>2.95</td><td>2.40</td><td>2.28</td></tr><tr><td>Capital ratios at period end<sup>-9</sup></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Risk-based capital:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Common equity tier 1 capital</td><td>11.0%</td><td>11.0%</td><td>10.6%</td><td>10.3%</td><td>10.2%</td><td>11.6%</td><td>11.2%</td><td>11.1%</td></tr><tr><td>Tier 1 capital</td><td>12.4</td><td>12.4</td><td>12.0</td><td>11.5</td><td>11.3</td><td>12.9</td><td>12.5</td><td>12.3</td></tr><tr><td>Total capital</td><td>14.3</td><td>14.2</td><td>13.9</td><td>13.4</td><td>13.2</td><td>15.8</td><td>15.5</td><td>15.3</td></tr><tr><td>Tier 1 leverage</td><td>8.9</td><td>9.1</td><td>8.9</td><td>8.7</td><td>8.6</td><td>8.5</td><td>8.5</td><td>8.4</td></tr><tr><td>Tangible equity<sup>-2</sup></td><td>9.2</td><td>9.4</td><td>9.3</td><td>9.1</td><td>8.9</td><td>8.8</td><td>8.6</td><td>8.6</td></tr><tr><td>Tangible common equity<sup>-2</sup></td><td>8.1</td><td>8.2</td><td>8.1</td><td>7.9</td><td>7.8</td><td>7.8</td><td>7.6</td><td>7.5</td></tr></table>
<table><tr><td></td><td colspan="2">Year Ended December 31,</td></tr><tr><td></td><td>2011</td><td>2010</td></tr><tr><td></td><td colspan="2">(In $ millions)</td></tr><tr><td>Employee termination benefits</td><td>-22</td><td>-32</td></tr><tr><td>Ticona Kelsterbach plant relocation</td><td>-47</td><td>-26</td></tr><tr><td>Plumbing actions</td><td>6</td><td>59</td></tr><tr><td>Insurance recoveries</td><td>—</td><td>18</td></tr><tr><td>Asset impairments</td><td>-1</td><td>-74</td></tr><tr><td>Plant/office closures</td><td>—</td><td>-4</td></tr><tr><td>Commercial disputes</td><td>15</td><td>13</td></tr><tr><td>Other</td><td>1</td><td>—</td></tr><tr><td>Total</td><td>-48</td><td>-46</td></tr></table>
<table><tr><td> December 31</td><td colspan="3"> 2009</td></tr><tr><td></td><td> Gross Carrying Amount</td><td>Accumulated Amortization</td><td> Net Carrying Amount</td></tr><tr><td>Contract and program intangible assets</td><td>$2,393</td><td>$-779</td><td>$1,614</td></tr><tr><td>Other intangible assets</td><td>778</td><td>-294</td><td>484</td></tr><tr><td>Total intangible assets</td><td>$3,171</td><td>$-1,073</td><td>$2,098</td></tr><tr><td> December 31</td><td colspan="3"> 2008</td></tr><tr><td></td><td> Gross Carrying Amount</td><td>Accumulated Amortization</td><td> Net Carrying Amount</td></tr><tr><td>Contract and program intangible assets</td><td>$1,580</td><td>$-613</td><td>$967</td></tr><tr><td>Other intangible assets</td><td>892</td><td>-242</td><td>650</td></tr><tr><td>Total intangible assets</td><td>$2,472</td><td>$-855</td><td>$1,617</td></tr></table>
<table><tr><td>2010</td><td>$220</td></tr><tr><td>2011</td><td>211</td></tr><tr><td>2012</td><td>207</td></tr><tr><td>2013</td><td>173</td></tr><tr><td>2014</td><td>143</td></tr></table>
<table><tr><td><i>In millions</i></td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>Sales</td><td>$3,060</td><td>$3,195</td><td>$3,015</td></tr><tr><td>Operating Profit</td><td>433</td><td>17</td><td>112</td></tr></table>

Question: north american consumer packaging net sales where what percentage of consumer packaging sales in 2008?
Answer: 0.78247