The above discussion contains forward looking statements with respect to the potential commercialization of our GTF?
technology.
The foregoing factors (among others) could cause actual results to differ materially from those set forth in the forward-looking statements.
Corporate and Other The remaining $498 million of our 2010 budget relates to capitalized interest and corporate activities.
The net income tax liabilities of our OSM operations are denominated in Canadian dollars and must be remeasured to U. S.  dollars each reporting period.
At year end we took steps, as permitted under Canadian tax rules, which will enable us to convert these liabilities during the first half of 2010 to be denominated in U. S.  dollars and thereby eliminate exposure to foreign currency exchange rate changes on our net deferred tax liability related to OSM operations from that point forward.
The forward-looking statements about our capital, investment and exploration budget are based on current expectations, estimates and projections and are not guarantees of future performance.
Actual results may differ materially from these expectations, estimates and projections and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict.
Some factors that could cause actual results to differ materially include prices of and demand for crude oil, natural gas and refined products, actions of competitors, disruptions or interruptions of our production or refining operations due to the shortage of skilled labor and unforeseen hazards such as weather conditions, acts of war or terrorist acts and the governmental or military response, and other operating and economic considerations.
Management’s Discussion and Analysis of Environmental Matters, Litigation and Contingencies We have incurred and will continue to incur substantial capital, operating and maintenance, and remediation expenditures as a result of environmental laws and regulations.
If these expenditures, as with all costs, are not ultimately reflected in the prices of our products and services, our operating results will be adversely affected.
We believe that substantially all of our competitors must comply with similar environmental laws and regulations.
However, the specific impact on each competitor may vary depending on a number of factors, including the age and location of its operating facilities, marketing areas, crude oil and feedstock sources, production processes and whether it is also engaged in the petrochemical business or the marine transportation of crude oil and refined products.
Legislation and regulations pertaining to climate change and greenhouse gas emissions have the potential to materially adversely impact our business, financial condition, results of operations and cash flow, including costs of compliance and permitting delays.
The extent and magnitude of these adverse impacts cannot be reliably or accurately estimated at this time because specific regulatory and legislative requirements have not been finalized and uncertainty exists with respect to the measures being considered, the costs and the time frames for compliance, and our ability to pass compliance costs on to our customers.
For additional information see Item 1A.
Risk Factors.
Our environmental expenditures(a) for each of the last three years were:
## Table 0 ##
(a) Amounts are determined based on American Petroleum Institute survey guidelines regarding the definition of environmental expenditures.
(b) These amounts include spending charged against remediation reserves, where permissible, but exclude non-cash provisions recorded for environmental remediation.
Our environmental capital expenditures accounted for seven percent of capital expenditures for continuing operations in 2009, six percent in 2008 and four percent in 2007.
Supplementary Information on Oil and Gas Producing Activities (Unaudited) 114 Results of Operations for Oil and Gas Producing Activities
## Table 1 ##
(a) Includes net gain (loss) on dispositions (see Note 5).
(b) Includes unproved property impairments (see Note 13).
(c) Includes long-lived asset impairments (see Note 13).
(d) Includes $135 million of deferred tax expense related to Alberta provincial corporate tax rate increase (see Note 9).
In the ordinary course of business, based on our evaluations of certain geologic trends and prospective economics, we have allowed certain lease acreage to expire and may allow additional acreage to expire in the future.
If production is not established or we take no other action to extend the terms of the leases, licenses or concessions, undeveloped acreage listed in the table below will expire over the next three years.
We plan to continue the terms of certain of these licenses and concession areas or retain leases through operational or administrative actions; however, the majority of the undeveloped acres associated with Other Africa as listed in the table below pertains to our licenses in Ethiopia and Kenya, for which we executed agreements in 2015 to sell.
The Kenya transaction closed in February 2016 and the Ethiopia transaction is expected to close in the first quarter of 2016.
See Item 8.
Financial Statements and Supplementary Data - Note 5 to the consolidated financial statements for additional information about this disposition.
Net Undeveloped Acres
## Table 2 ##
Cost of Equipment and Services.
Cost of equipment and services revenues for fiscal 2003 was $1,268 million, compared to $954 million for fiscal 2002.
Cost of equipment and services revenues as a percentage of equipment and services revenues was 44% for fiscal 2003, compared to 46% for fiscal 2002.
The margin percentage improvement in fiscal 2003 compared to fiscal 2002 was primarily due to the increase in QCT revenues as a percentage of total equipment and services revenues, resulting in increased QCT margin relative to the total.
Research and Development Expenses.
For fiscal 2003, research and development expenses were $523 million or 14% of revenues, compared to $452 million or 16% of revenues for fiscal 2002.
The dollar increase in research and development expenses was primarily due to an $84 million increase in costs primarily related to increased engineering resources for integrated circuit products and other initiatives to support multimedia applications, high-speed wireless Internet access and multimode, multiband, multinetwork products, including CDMA2000 1X/1xEV-DO/1xEV-DV, GSM/GPRS/EDGE, WLAN, WCDMA and radioOne technologies, partially offset by an $11 million reduction in research and development efforts supporting the QGOV division of the QWI segment and a $3 million reduction of support efforts related to the Globalstar business.
Selling, General and Administrative Expenses.
For fiscal 2003, selling, general and administrative expenses were $471 million or 12% of revenues, compared to $401 million or 14% of revenues for fiscal 2002.
The dollar increase was primarily due to a $27 million increase in employee-related expenses, a $12 million increase in depreciation and amortization expense, a $6 million increase in professional fees, primarily patent administration and outside services, and a $6 million increase related to international marketing and support efforts.
Amortization of Goodwill and Other Acquisition Related Intangible Assets.
For fiscal 2003, amortization of goodwill and other acquisition related intangible assets was $8 million, compared to $259 million for fiscal 2002.
Starting in fiscal 2003, we no longer record goodwill amortization as a result of the adoption of Statement of Financial Accounting Standards No.142.
Amortization charges were primarily related to the acquisition of SnapTrack in March 2000.
Asset Impairment and Related Charges.
For fiscal 2003, asset impairment and related charges were $34 million, compared to less than $1 million of such charges in fiscal 2002.
During fiscal 2003, we recorded a $34 million impairment loss on our wireless licenses in Australia due to developments that affected potential strategic alternatives for using the spectrum.
The impairment loss recognized was the difference between the assets’ carrying values and their estimated fair values.
Other Operating Income.
For fiscal 2003, other operating income was $30 million, compared to other operating expense of $9 million in fiscal 2002.
Other operating income during fiscal 2003 resulted from $47 million of other income related to the transfer of portions of the FCC auction discount voucher’s value to two wireless operators, offset by a $16 million charge related to the write down of notes receivable from an early stage CDMA wireless operator and an early stage media company.
Other operating expenses during fiscal 2002 resulted from the write down of a note receivable from an early stage CDMA wireless operator.
Net Investment Income (Expense).
Net investment expense was $8 million for fiscal 2003, compared to $218 million for fiscal 2002.
The change was primarily comprised as follows (in millions):
## Table 3 ##
*As adjusted for discontinued operations.
The increase in interest income on corporate cash and marketable securities was a result of higher average cash and marketable securities balances, partially offset by the impact of lower interest rates earned on these balances.
The increase in QSI interest income was primarily the result of $23 million of deferred interest income recorded as a result of a prepayment on Pegaso debt facilities in fiscal 2003.
The net realized gains on investments during fiscal 2003 primarily related to the sale of a portion of our investment in United Online.
The other-than-temporary losses on marketable securities during fiscal 2003 primarily related to an $81 million impairment of our investment in a wireless operator in South Korea and a $16 million impairment of our investment in a provider of semiconductor packaging, test and distribution services.
The other-thantemporary losses on marketable securities during fiscal 2002 primarily related to $162 million and $18 million in losses on our investments in
Notes to Consolidated Financial Statements continued Weighted-average amortization periods for finite lived intangible assets, by class, were as follows:
## Table 4 ##
Changes in the weighted-average amortization periods from fiscal 2003 to 2004 resulted from changes associated with additions and dispositions of intangible assets.
Dispositions primarily resulted from discontinued operations (Note 11).
The results of operations and earnings per common share for fiscal 2002, assuming FAS 142 had been adopted at the beginning of fiscal 2002, are as follows (in millions, except per share data):
## Table 5 ##
Valuation of Long-Lived and Intangible Assets The Company adopted Statement of Financial Accounting Standards No.144 (FAS 144), “Accounting for the Impairment or Disposal of LongLived Assets” as of the beginning of fiscal 2003.
The adoption of this accounting standard did not have a material impact on the Company’s operating results and financial position.
The Company assesses potential impairments to its long-lived assets when there is evidence that events or changes in circumstances indicate that the carrying amount of an asset may not be recovered.
An impairment loss is recognized when the carrying amount of the long-lived asset is not recoverable and exceeds its fair value.
The carrying amount of a long-lived asset is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset.
Any required impairment loss is measured as the amount by which the carrying amount of a long-lived asset exceeds its fair value and is recorded as a reduction in the carrying value of the related asset and a charge to operating results.
Litigation The Company is currently involved in certain legal proceedings.
The Company estimates the range of liability related to pending litigation where the amount and range of loss can be estimated.
The Company records its best estimate of a loss when the loss is considered probable.
Where a liability is probable and there is a range of estimated loss with no best estimate in the range, the Company records the minimum estimated liability related to the claim.
As additional information becomes available, the Company assesses the potential liability related to the Company’s pending litigation and revises its estimates.
Guarantees and Product Warranties In the normal course of business, the Company may provide guarantees to other parties.
Upon issuance of a guarantee, the Company recognizes a liability for the fair value of the obligation it assumes under that guarantee, as required.
At September 30, 2004, liabilities related to guarantees were approximately $1 million.
At September 30, 2003, liabilities related to guarantees were not significant.
Estimated future warranty obligations related to certain products are provided by charges to operations in the period in which the related revenue is recognized.
The Company establishes a reserve for warranty obligations based on its historical warranty experience.
Warranty obligations were $2 million and $4 million at September 30, 2004 and 2003, respectively, and changes in the obligations were not significant during fiscal 2004, 2003 or 2002.
Stock-Based Compensation The Company records compensation expense for employee stock options based upon their intrinsic value on the date of grant pursuant to Accounting Principles Board Opinion 25 (APB 25), “Accounting for Stock Issued to Employees.
” Because the Company establishes the exercise price based on the fair market value of the Company’s stock at the date of grant, the stock options have no intrinsic value upon grant, and therefore no expense is recorded.
Each quarter, the Company reports the potential dilutive impact of stock options in its diluted earnings per common share using the treasury-stock method.
Out-of-the-money stock options (i. e. , the average stock price during the period is below the strike price of the stock option) are not included in diluted earnings per common share.
Notes to Consolidated Financial Statements continued At September 30, 2004 and 2003, buildings and improvements and leasehold improvements with a net book value of $38 million and $66 million, respectively, including accumulated depreciation and amortization of $27 million and $52 million, respectively, were leased to third parties or held for lease to third parties.
Future minimum rental income on facilities leased to others in each of the next five years from fiscal 2005 to 2009 are $10 million, $9 million, $9 million, $7 million and $1 million, respectively.
Intangible Assets Starting in fiscal 2003, the Company no longer records goodwill amortization (Note 1).
The Company’s reportable segment assets do not include goodwill (Note 10).
The Company allocates goodwill to its reporting units for annual testing purposes.
Goodwill was allocable to reporting units included in the Company’s reportable segments at September 30, 2004 as follows: $268 million in QUALCOMM CDMA Technologies, $73 million in QUALCOMM Technology Licensing and $15 million in QUALCOMM Wireless & Internet.
The components of purchased intangible assets, which are included in other assets, were as follows (in millions):
## Table 6 ##
The gross carrying values of wireless licenses, customer-related intangible assets and marketing-related intangible assets were reduced by $105 million, $5 million and $1 million, respectively, from September 30, 2003 as a result of discontinued operations (Note 11).
During fiscal 2003, the Company recorded a $34 million impairment loss in its QUALCOMM Strategic Initiatives segment on its wireless licenses in Australia due to developments that affected potential strategic alternatives for using the spectrum.
The impairment loss recognized was the difference between the assets’ carrying values and their estimated fair values.
All of the Company’s purchased intangible assets other than goodwill are subject to amortization.
Amortization expense from continuing operations for fiscal 2004, 2003 and 2002 was $17 million, $18 million and $14 million, respectively.
Amortization expense related to these intangible assets is expected to be $14 million in fiscal 2005, $14 million in fiscal 2006, $13 million in fiscal 2007, $9 million in fiscal 2008 and $8 million in fiscal 2009.
Capitalized software development costs, which are included in other assets, were $44 million and $36 million at September 30, 2004 and 2003, respectively.
Accumulated amortization on capitalized software was $39 million and $26 million at September 30, 2004 and 2003, respectively.
Amortization expense from continuing operations related to capitalized software for fiscal 2004, 2003 and 2002 was $13 million, $12 million and $10 million, respectively.
NOTE 4.
INVESTMENTS IN OTHER ENTITIES Inquam Limited The Company has invested $200 million in the convertible preferred shares of Inquam Limited (Inquam) for an approximate 42% ownership interest in Inquam.
Inquam owns, develops and manages wireless communications systems, either directly or indirectly, with the intent of deploying CDMA-based technology, primarily in Europe.
Starting in the third quarter of fiscal 2003, the Company and another investor (the Other Investor) also extended $117 million in bridge loan financings to Inquam, including $31 million in bridge loan funding put in place during fiscal 2004.
The Company funded its approximate $58 million share of these bridge loans and had no remaining funding commitment at September 30, 2004.
Inquam is a variable interest entity.
The Company does not consolidate Inquam because it is not the primary beneficiary.
The Company uses the equity method to account for its investment in Inquam.
The Company recorded $59 million, $99 million and $45 million in equity in losses of Inquam during fiscal 2004, 2003 and 2002, respectively.
At September 30, 2004 and 2003, the Company’s equity and debt investments in Inquam totaled $42 million and $68 million, net of equity in losses, respectively.
The carrying amount of the Company’s investment in Inquam exceeded its underlying equity in the net assets of Inquam by $8 million and $9 million, at September 30, 2004 and 2003, respectively.
On September 22, 2003, the Company agreed, along with the Other Investor, to guarantee the payment of amounts due by Inquam under a bank credit agreement.
During fiscal 2004, the Company and the Other Investor agreed to extend the guarantee and increase the maximum amount subject to the guarantee to $55 million.
The Company’s maximum liability under the guarantee is limited to an amount equal to 50% of the amounts outstanding under Inquam’s credit agreement, up to a maximum of approximately $28 million.
Amounts outstanding under the bank credit agreement totaled $53 million as of September 30, 2004.
The guarantee expires on November 30, 2004 when the bank credit

<table><tr><td><i>(In millions)</i></td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>Capital</td><td>$399</td><td>$421</td><td>$199</td></tr><tr><td>Compliance</td><td></td><td></td><td></td></tr><tr><td>Operating and maintenance</td><td>373</td><td>379</td><td>287</td></tr><tr><td>Remediation<sup>(b)</sup></td><td>29</td><td>26</td><td>25</td></tr><tr><td>Total</td><td>$801</td><td>$826</td><td>$511</td></tr></table>
<table><tr><td></td><td>U.S.</td><td>Canada</td><td>E.G.</td><td>OtherAfrica</td><td>Other Int'l</td><td>Cont Ops</td><td>Disc Ops</td><td>Total</td></tr><tr><td>Year Ended December 31, 2015</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Revenues and other income:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sales</td><td>$3,374</td><td>$700</td><td>$40</td><td>$—</td><td>$329</td><td>$4,443</td><td>$—</td><td>$4,443</td></tr><tr><td>Transfers</td><td>—</td><td>—</td><td>296</td><td>—</td><td>—</td><td>296</td><td>—</td><td>296</td></tr><tr><td>Other income<sup>(a)</sup></td><td>230</td><td>—</td><td>—</td><td>-109</td><td>1</td><td>122</td><td>—</td><td>122</td></tr><tr><td>Total revenues and other income</td><td>3,604</td><td>700</td><td>336</td><td>-109</td><td>330</td><td>4,861</td><td>—</td><td>4,861</td></tr><tr><td>Expenses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Production costs</td><td>-1,259</td><td>-660</td><td>-84</td><td>-31</td><td>-177</td><td>-2,211</td><td>—</td><td>-2,211</td></tr><tr><td>Exploration expenses<sup>(b)</sup></td><td>-750</td><td>-348</td><td>-41</td><td>-36</td><td>-143</td><td>-1,318</td><td>—</td><td>-1,318</td></tr><tr><td>Depreciation, depletion and</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>amortization<sup>(c)</sup></td><td>-2,758</td><td>-266</td><td>-92</td><td>-5</td><td>-163</td><td>-3,284</td><td>—</td><td>-3,284</td></tr><tr><td>Technical support and other</td><td>-47</td><td>-2</td><td>-6</td><td>-2</td><td>-3</td><td>-60</td><td>—</td><td>-60</td></tr><tr><td>Total expenses</td><td>-4,814</td><td>-1,276</td><td>-223</td><td>-74</td><td>-486</td><td>-6,873</td><td>—</td><td>-6,873</td></tr><tr><td>Results before income taxes</td><td>-1,210</td><td>-576</td><td>113</td><td>-183</td><td>-156</td><td>-2,012</td><td>—</td><td>-2,012</td></tr><tr><td>Income tax provision</td><td>437</td><td>31</td><td>-33</td><td>87</td><td>86</td><td>608</td><td>—</td><td>608</td></tr><tr><td>Results of operations</td><td>$-773</td><td>$-545</td><td>$80</td><td>$-96</td><td>$-70</td><td>$-1,404</td><td>$—</td><td>$-1,404</td></tr><tr><td>Year Ended December 31, 2014</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Revenues and other income:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sales</td><td>$5,754</td><td>$1,316</td><td>$43</td><td>$244</td><td>$440</td><td>$7,797</td><td>$189</td><td>$7,986</td></tr><tr><td>Transfers</td><td>3</td><td>—</td><td>588</td><td>—</td><td>3</td><td>594</td><td>1,848</td><td>2,442</td></tr><tr><td>Other income<sup>(a)</sup></td><td>-85</td><td>—</td><td>—</td><td>—</td><td>—</td><td>-85</td><td>1,832</td><td>1,747</td></tr><tr><td>Total revenues and other income</td><td>5,672</td><td>1,316</td><td>631</td><td>244</td><td>443</td><td>8,306</td><td>3,869</td><td>12,175</td></tr><tr><td>Expenses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Production costs</td><td>-1,544</td><td>-803</td><td>-154</td><td>-79</td><td>-253</td><td>-2,833</td><td>-181</td><td>-3,014</td></tr><tr><td>Exploration expenses</td><td>-607</td><td>-1</td><td>-26</td><td>-103</td><td>-56</td><td>-793</td><td>-5</td><td>-798</td></tr><tr><td>Depreciation, depletion and</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>amortization<sup>(c)</sup></td><td>-2,474</td><td>-206</td><td>-93</td><td>-9</td><td>-115</td><td>-2,897</td><td>-105</td><td>-3,002</td></tr><tr><td>Technical support and other</td><td>-193</td><td>-15</td><td>-31</td><td>-21</td><td>-14</td><td>-274</td><td>-7</td><td>-281</td></tr><tr><td>Total expenses</td><td>-4,818</td><td>-1,025</td><td>-304</td><td>-212</td><td>-438</td><td>-6,797</td><td>-298</td><td>-7,095</td></tr><tr><td>Results before income taxes</td><td>854</td><td>291</td><td>327</td><td>32</td><td>5</td><td>1,509</td><td>3,571</td><td>5,080</td></tr><tr><td>Income tax provision</td><td>-302</td><td>-71</td><td>-117</td><td>-32</td><td>-18</td><td>-540</td><td>-1,496</td><td>-2,036</td></tr><tr><td>Results of operations</td><td>$552</td><td>$220</td><td>$210</td><td>$—</td><td>$-13</td><td>$969</td><td>$2,075</td><td>$3,044</td></tr><tr><td>Year Ended December 31, 2013</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Revenues and other income:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Sales</td><td>$5,059</td><td>$1,376</td><td>$33</td><td>$1,106</td><td>$687</td><td>$8,261</td><td>$599</td><td>$8,860</td></tr><tr><td>Transfers</td><td>3</td><td>—</td><td>715</td><td>—</td><td>6</td><td>724</td><td>2,935</td><td>3,659</td></tr><tr><td>Other income<sup>(a)</sup></td><td>-9</td><td>—</td><td>—</td><td>—</td><td>-8</td><td>-17</td><td>—</td><td>-17</td></tr><tr><td>Total revenues and other income</td><td>5,053</td><td>1,376</td><td>748</td><td>1,106</td><td>685</td><td>8,968</td><td>3,534</td><td>12,502</td></tr><tr><td>Expenses:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Production costs</td><td>-1,318</td><td>-867</td><td>-113</td><td>-73</td><td>-271</td><td>-2,642</td><td>-273</td><td>-2,915</td></tr><tr><td>Exploration expenses</td><td>-717</td><td>-8</td><td>-3</td><td>-65</td><td>-98</td><td>-891</td><td>-107</td><td>-998</td></tr><tr><td>Depreciation, depletion and</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>—</td></tr><tr><td>amortization<sup>(c)</sup></td><td>-1,980</td><td>-218</td><td>-97</td><td>-28</td><td>-151</td><td>-2,474</td><td>-345</td><td>-2,819</td></tr><tr><td>Technical support and other</td><td>-185</td><td>-21</td><td>-30</td><td>-19</td><td>-15</td><td>-270</td><td>-38</td><td>-308</td></tr><tr><td>Total expenses</td><td>-4,200</td><td>-1,114</td><td>-243</td><td>-185</td><td>-535</td><td>-6,277</td><td>-763</td><td>-7,040</td></tr><tr><td>Results before income taxes</td><td>853</td><td>262</td><td>505</td><td>921</td><td>150</td><td>2,691</td><td>2,771</td><td>5,462</td></tr><tr><td>Income tax provision</td><td>-323</td><td>-66</td><td>-182</td><td>-920</td><td>-117</td><td>-1,608</td><td>-1,948</td><td>-3,556</td></tr><tr><td>Results of operations</td><td>$530</td><td>$196</td><td>$323</td><td>$1</td><td>$33</td><td>$1,083</td><td>$823</td><td>$1,906</td></tr></table>
<table><tr><td></td><td>Net Undeveloped Acres Expiring Year Ended December 31,</td></tr><tr><td>(In thousands)</td><td>2016</td><td>2017</td><td>2018</td></tr><tr><td>U.S.</td><td>68</td><td>89</td><td>128</td></tr><tr><td>E.G.</td><td>—</td><td>92</td><td>36</td></tr><tr><td>Other Africa</td><td>189</td><td>4,352</td><td>854</td></tr><tr><td>Total Africa</td><td>189</td><td>4,444</td><td>890</td></tr><tr><td>Other International</td><td>—</td><td>—</td><td>—</td></tr><tr><td>Total</td><td>257</td><td>4,533</td><td>1,018</td></tr></table>
<table><tr><td></td><td colspan="2"> Years Ended September 30,</td><td> </td></tr><tr><td></td><td> 2003*</td><td> 2002*</td><td> Change</td></tr><tr><td>Interest income:</td><td></td><td></td><td></td></tr><tr><td>QSI</td><td>$45</td><td>$26</td><td>$19</td></tr><tr><td>Corporate and other segments</td><td>113</td><td>102</td><td>11</td></tr><tr><td>Interest expense</td><td>-2</td><td>-1</td><td>-1</td></tr><tr><td>Net realized gains on investments:</td><td></td><td></td><td></td></tr><tr><td>QSI</td><td>63</td><td>2</td><td>61</td></tr><tr><td>Corporate</td><td>17</td><td>—</td><td>17</td></tr><tr><td>Other-than-temporary losses on marketable securities</td><td>-100</td><td>-206</td><td>106</td></tr><tr><td>Other-than-temporary losses on other investments</td><td>-28</td><td>-25</td><td>-3</td></tr><tr><td>Losses on derivative instruments</td><td>-3</td><td>-58</td><td>55</td></tr><tr><td>Minority interest in income of consolidatedsubsidiaries</td><td>—</td><td>-1</td><td>1</td></tr><tr><td>Equity in losses of investees</td><td>-113</td><td>-57</td><td>-56</td></tr><tr><td></td><td>$-8</td><td>$-218</td><td>$210</td></tr></table>
<table><tr><td></td><td colspan="2"> September 30,</td></tr><tr><td></td><td> 2004</td><td> 2003</td></tr><tr><td>Wireless licenses</td><td>15 years</td><td>15 years</td></tr><tr><td>Marketing-related</td><td>17 years</td><td>19 years</td></tr><tr><td>Technology-based</td><td>11 years</td><td>4 years</td></tr><tr><td>Customer-related</td><td>8 years</td><td>10 years</td></tr><tr><td>Other</td><td>28 years</td><td>25 years</td></tr><tr><td>Total intangible assets</td><td>14 years</td><td>15 years</td></tr></table>
<table><tr><td></td><td> 2002</td></tr><tr><td>Reported net income</td><td>$360</td></tr><tr><td>Goodwill amortization</td><td>249</td></tr><tr><td>Adjusted net income</td><td>$609</td></tr><tr><td>Earnings per common share:</td><td></td></tr><tr><td>Basic — as reported</td><td>$0.23</td></tr><tr><td>Basic — as adjusted</td><td>$0.40</td></tr><tr><td>Diluted — as reported</td><td>$0.22</td></tr><tr><td>Diluted — as adjusted</td><td>$0.38</td></tr></table>
<table><tr><td></td><td colspan="4"> September 30,</td></tr><tr><td></td><td colspan="2"> 2004</td><td colspan="2"> 2003</td></tr><tr><td></td><td> Gross</td><td></td><td> Gross</td><td> </td></tr><tr><td></td><td> Carrying</td><td> Accumulated</td><td> Carrying</td><td> Accumulated</td></tr><tr><td></td><td> Amount</td><td> Amortization</td><td> Amount</td><td> Amortization</td></tr><tr><td>Wireless licenses</td><td>$77</td><td>$-11</td><td>$174</td><td>$-8</td></tr><tr><td>Marketing-related</td><td>21</td><td>-8</td><td>21</td><td>-7</td></tr><tr><td>Technology-based</td><td>77</td><td>-37</td><td>36</td><td>-27</td></tr><tr><td>Customer-related</td><td>15</td><td>-12</td><td>17</td><td>-16</td></tr><tr><td>Other</td><td>7</td><td>-1</td><td>8</td><td>-1</td></tr><tr><td>Total intangible assets</td><td>$197</td><td>$-69</td><td>$256</td><td>$-59</td></tr></table>

Question: What is the growing rate of Technology-based in the years with the least Wireless licenses?
Answer: 0.775