Free Cash Flow Conversion Rate and Total Cash Returned to Shareholders as a Percentage of Free Cash Flow We believe these measures provide useful information to investors because they are important for assessing our efficiency in converting earnings to cash and returning cash to shareholders.
The calculation of free cash flow conversion rate and net cash provided by operating activities conversion rate, its equivalent GAAP measure, follows:
## Table 0 ##
(a) See Note 14 to the Consolidated Financial Statements in Item 8 of this report.
(b) See Note 7 to the Consolidated Financial Statements in Item 8 of this report.
(c) See Note 3 to the Consolidated Financial Statements in Item 8 of this report.
(d) See Note 4 to the Consolidated Financial Statements in Item 8 of this report.
(e) See Note 6 to the Consolidated Financial Statements in Item 8 of this report.
See our reconciliation below of the effective income tax rate as reported to the effective income tax rate excluding certain items affecting comparability for the tax impact of each item affecting comparability.
MetLife, Inc.  Notes to Consolidated Financial Statements — (Continued) The following tables present the amounts related to the operations and financial position of MetLife Australia’s annuities and pension businesses:
## Table 1 ##
December 31, 2006
## Table 2 ##
On September 29, 2005, the Company completed the sale of MetLife Indonesia to a third party, resulting in a gain upon disposal of $10 million, net of income tax.
As a result of this sale, the Company recognized income from discontinued operations of $5 million, net of income tax, for the year ended December 31, 2005.
The Company reclassified the operations of MetLife Indonesia into discontinued operations for all years presented.
The following table presents the amounts related to the operations of MetLife Indonesia that have been combined with the discontinued real estate operations in the consolidated statements of income:
## Table 3 ##
On January 31, 2005, the Company completed the sale of SSRM to a third party for $328 million in cash and stock.
The Company reported the operations of SSRM in discontinued operations.
As a result of the sale of SSRM, the Company recognized income from discontinued operations of $157 million, net of income tax, comprised of a realized gain of $165 million, net of income tax, and an operating expense related to a lease abandonment of $8 million, net of income tax.
The Company’s discontinued operations for the year ended December 31, 2005 included expenses of $6 million, net of income tax, related to the sale of SSRM.
Under the terms of the sale agreement, MetLife will have an opportunity to receive additional payments based on, among other things, certain revenue retention and growth measures.
The purchase price is also subject to reduction over five years, depending on retention of certain MetLife-related business.
In the fourth quarter of 2007, the Company accrued a liability for $2 million, net of income tax, related to the termination of certain MetLife-related business.
Also under the terms of such agreement, MetLife had the opportunity to receive additional consideration for the retention of certain customers for a specific period in 2005.
Upon finalization of the computation, the Company received payments of $30 million, net of income tax, in the second quarter of 2006 and $12 million, net of income tax, in the fourth quarter of 2005 due to the retention of these specific customer accounts.
In the first quarter of 2007, the Company received a payment of $16 million, net of income tax, as a result of the revenue retention and growth measure provision in the sales agreement.
In the fourth quarter of 2006, the Company eliminated $4 million of a liability that was previously recorded with respect to the indemnities provided in connection with the sale of SSRM, resulting in a benefit to the Company of $2 million, net of income tax.
The Company believes that future payments relating to these indemnities are not probable.
The operations of SSRM include affiliated revenues of $5 million for the year ended December 31, 2005, related to asset management services provided by SSRM to the Company that have not been eliminated from discontinued operations as these transactions continued
MetLife, Inc.  Notes to the Consolidated Financial Statements — (Continued) Properties acquired through foreclosure were $165 million, $127 million and less than $1 million for the years ended December 31, 2010, 2009 and 2008, respectively, and includes commercial, agricultural and residential properties.
After the Company acquires properties through foreclosure, it evaluates whether the property is appropriate for retention in its traditional real estate portfolio.
Foreclosed real estate held at December 31, 2010 and 2009 includes those properties the Company has not selected for retention in its traditional real estate portfolio and which do not meet the criteria to be classified as held-for-sale.
The wholly-owned real estate within traditional real estate is net of accumulated depreciation of $1.7 billion and $1.4 billion at December 31, 2010 and 2009, respectively.
Related depreciation expense on traditional wholly-owned real estate was $151 million, $135 million and $136 million for the years ended December 31, 2010, 2009 and 2008, respectively.
These amounts include depreciation expense related to discontinued operations of less than $1 million for the year ended December 31, 2010, and $1 million for both the years ended December 31, 2009 and 2008.
The estimated fair value of the traditional real estate investment portfolio was $6.6 billion and $5.4 billion at December 31, 2010, and 2009, respectively.
Impairments recognized on real estate held-for-investment were $48 million, $160 million and $20 million for the years ended Decem- ber 31, 2010, 2009 and 2008, respectively.
Impairments recognized on real estate held-for-sale were $1 million for the year ended December 31, 2010.
There were no impairments recognized on real estate held-for-sale for each of the years ended December 31, 2009 and 2008.
The Company’s carrying value of real estate held-for-sale has been reduced by impairments recorded prior to 2009 of $1 million at both December 31, 2010 and 2009.
The carrying value of non-income producing real estate was $137 million, $76 million and $28 million at December 31, 2010, 2009 and 2008, respectively.
The Company diversifies its real estate investments by both geographic region and property type to reduce risk of concentration.
The Company’s real estate investments are primarily located in the United States, at 88%, with the remaining 12% located outside the United States , at December 31, 2010.
The three locations with the largest real estate investments were California, Florida and Japan at 21%, 12% and 10%, respectively, at December 31, 2010.
The Company’s real estate investments by property type are categorized as follows:
## Table 4 ##
Other Limited Partnership Interests The carrying value of other limited partnership interests (which primarily represent ownership interests in pooled investment funds that principally make private equity investments in companies in the United States and overseas) was $6.4 billion and $5.5 billion at December 31, 2010 and 2009, respectively.
Included within other limited partnership interests were $1.0 billion, at both December 31, 2010 and 2009, of investments in hedge funds.
Impairments of other limited partnership interests, principally cost method other limited partnership interests, were $12 million, $354 million and $105 million for the years ended December 31, 2010, 2009 and 2008, respectively.
Collectively Significant Equity Method Investments The Company holds investments in real estate joint ventures, real estate funds and other limited partnership interests consisting of leveraged buy-out funds, hedge funds, private equity funds, joint ventures and other funds.
The portion of these investments accounted for under the equity method had a carrying value of $8.7 billion as of December 31, 2010.
The Company’s maximum exposure to loss related to these equity method investments is limited to the carrying value of these investments plus unfunded commitments of $2.9 billion as of December 31, 2010.
Except for certain real estate joint ventures, the Company’s investments in real estate funds and other limited partnership interests are generally of a passive nature in that the Company does not participate in the management of the entities.
As further described in Note 1, the Company generally records its share of earnings in its equity method investments using a three-month lag methodology and within net investment income.
As of December 31, 2010, aggregate net investment income from these equity method real estate joint ventures, real estate funds and other limited partnership interests exceeded 10% of the Company’s consolidated pre-tax income (loss) from continuing operations.
Accordingly, the Company is providing the following aggregated summarized financial data for such equity method investments.
This aggregated summarized financial data does not represent the Company’s proportionate share of the assets, liabilities, or earnings of such entities.
As of, and for the year ended December 31, 2010, the aggregated summarized financial data presented below reflects the latest available financial information.
Aggregate total assets of these entities totaled $262.9 billion and $209.9 billion as of December 31, 2010 and 2009, respectively.
Aggregate total liabilities of these entities totaled $77.6 billion and $64.5 billion as of December 31, 2010 and 2009,

<table><tr><td>In Millions</td><td>Fiscal 2018</td></tr><tr><td>Net earnings, including earnings attributable to redeemable and noncontrolling interests, asreported</td><td>$2,163.0</td></tr><tr><td>Provisional net tax benefit (a)</td><td>$-523.5</td></tr><tr><td>Mark-to-marketeffects, net of tax (b)</td><td>-22.1</td></tr><tr><td>Acquisition transaction and integration costs, net of tax (c)</td><td>58.5</td></tr><tr><td>Restructuring costs, net of tax (d)</td><td>61.4</td></tr><tr><td>Project-related costs, net of tax (d)</td><td>8.0</td></tr><tr><td>Intangible asset impairments, net of tax (e)</td><td>64.9</td></tr><tr><td>Tax adjustment (a)</td><td>40.9</td></tr><tr><td>CPW restructuring costs, net of tax</td><td>1.8</td></tr><tr><td>Adjusted net earnings, including earnings attributable to redeemable and noncontrollinginterests</td><td>1,852.9</td></tr><tr><td>Net cash provided by operating activities</td><td>2,841.0</td></tr><tr><td>Purchases of land, buildings, and equipment</td><td>-622.7</td></tr><tr><td>Free cash flow</td><td>$2,218.3</td></tr><tr><td>Net cash provided by operating activities conversion rate</td><td>131%</td></tr><tr><td>Free cash flow conversion rate</td><td>120%</td></tr></table>
<table><tr><td></td><td colspan="3">Years Ended December 31,</td></tr><tr><td></td><td>2007</td><td> 2006</td><td>2005</td></tr><tr><td></td><td colspan="3">(In millions)</td></tr><tr><td>Revenues</td><td>$71</td><td>$100</td><td>$50</td></tr><tr><td>Expenses</td><td>58</td><td>89</td><td>41</td></tr><tr><td>Income before provision for income tax</td><td>13</td><td>11</td><td>9</td></tr><tr><td>Provision for income tax</td><td>4</td><td>3</td><td>3</td></tr><tr><td>Net investment gain (loss), net of income tax</td><td>-4</td><td>20</td><td>-5</td></tr><tr><td>Income from discontinued operations, net of income tax</td><td>$5</td><td>$28</td><td>$1</td></tr></table>
<table><tr><td></td><td> December 31, 2006  (In millions)</td></tr><tr><td>Fixed maturity securities</td><td>$1,500</td></tr><tr><td>Equity securities</td><td>37</td></tr><tr><td>Deferred policy acquisition costs</td><td>13</td></tr><tr><td>Other assets</td><td>13</td></tr><tr><td>Total assets held-for-sale</td><td>$1,563</td></tr><tr><td>Policyholder account balances</td><td>$1,595</td></tr><tr><td>Total liabilities held-for-sale</td><td>$1,595</td></tr></table>
<table><tr><td></td><td>Year Ended December 31, 2005 (In millions)</td></tr><tr><td>Revenues</td><td>$5</td></tr><tr><td>Expenses</td><td>10</td></tr><tr><td>Income from discontinued operations before provision for income tax</td><td>-5</td></tr><tr><td>Provision for income tax</td><td>—</td></tr><tr><td>Net investment gain, net of income tax</td><td>10</td></tr><tr><td>Income from discontinued operations, net of income tax</td><td>$5</td></tr></table>
<table><tr><td></td><td colspan="4"> December 31,</td></tr><tr><td></td><td colspan="2">2010</td><td colspan="2"> 2009</td></tr><tr><td></td><td> Carrying </td><td>% of</td><td> Carrying </td><td> % of </td></tr><tr><td></td><td> Value</td><td>Total</td><td> Value</td><td> Total</td></tr><tr><td></td><td colspan="4"> (In millions)</td></tr><tr><td>Office</td><td>$4,369</td><td>54.4%</td><td>$3,557</td><td>51.6%</td></tr><tr><td>Apartments</td><td>1,774</td><td>22.1</td><td>1,438</td><td>20.9</td></tr><tr><td>Real estate private equity funds</td><td>552</td><td>6.9</td><td>504</td><td>7.3</td></tr><tr><td>Industrial</td><td>433</td><td>5.4</td><td>436</td><td>6.3</td></tr><tr><td>Retail</td><td>389</td><td>4.8</td><td>467</td><td>6.8</td></tr><tr><td>Hotel</td><td>233</td><td>2.9</td><td>203</td><td>2.9</td></tr><tr><td>Land</td><td>133</td><td>1.7</td><td>110</td><td>1.6</td></tr><tr><td>Agriculture</td><td>17</td><td>0.2</td><td>57</td><td>0.8</td></tr><tr><td>Other</td><td>130</td><td>1.6</td><td>124</td><td>1.8</td></tr><tr><td>Total real estate and real estate joint ventures</td><td>$8,030</td><td>100.0%</td><td>$6,896</td><td>100.0%</td></tr></table>

Question: In the year with the most Office for CarryingValue, what is the growth rate of Retail for CarryingValue ?
Answer: -0.20051