Impairment in Equity Method Investment Due to impairment indicators present for the years ended June 30, 2019, 2018 and 2017, the Company performed impairment tests by comparing the carrying value of its investment in AMVIG Holdings Limited ("AMVIG") at the end of each period, including interim periods, to the fair value of the investment, which was determined based on AMVIG's quoted share price.
The Company recorded impairment charges in fiscal years 2019 and 2018 of $14.0 million and $36.5 million, respectively, as the fair value of the investment was below its carrying value.
The Company did not record an impairment charge in 2017 as the fair value of the investment was above its carrying value.
Refer to Note 7, "Equity Method Investments" for more information about the Company's equity method investments.
High Inflation Accounting The Company has subsidiaries in Argentina that historically had a functional currency of the Argentine Peso.
As of June 30, 2018, the Argentine economy was designated as highly inflationary for accounting purposes.
Accordingly, beginning July 1, 2018, the Company began reporting the financial results of its Argentinean subsidiaries with a functional currency of the Argentine Peso at the functional currency of the parent, which is the U. S.  dollar.
The transition to highly inflationary accounting resulted in a negative impact of $30.2 million that was reflected on the consolidated statement of income for the year ended June 30, 2019.24 Results of Operations Consolidated Results of Operations
## Table 0 ##
2019 versus 2018 Net sales increased $139.1 million, or 1.5%, to $9.5 billion for the fiscal year 2019, from $9.3 billion for the fiscal year 2018.
The impact of currency translation resulted in a decrease of $368.9 million or 4.0%, somewhat offset by Bemis sales for the partial month of June of $215.4 million.
The growth in the legacy Amcor net sales revenue excluding currency impact of $292.6m or 3.1% was driven largely by favorable pricing of 2.3%, mainly from passing through higher raw material costs and inflation related costs in both the Flexibles and Rigid Packaging reporting segments and volume/mix impacts of 0.8%.
Net income attributable to Amcor plc decreased by $145.0 million, or 25.2%, to $430.2 million for the fiscal year 2019, from $575.2 million for the fiscal year 2018.
Net income for fiscal year 2019 was impacted by material acquisitions and other costs of $143.1 million, Rigid Packaging reporting segment restructuring expense of $64.1 million, highly inflationary accounting impacts of $30.2 million and other non-recurring items.
Adjusted net income of $729.5 million excluding these non-recurring items was up 4.6% on a reported basis and 9% after excluding the impact of currency.
Diluted EPS decreased to $0.36 for the fiscal year 2019, from $0.49 for the fiscal year 2018, with net income attributable to ordinary shareholders decreasing 25.2% and the diluted weighted average number of shares outstanding increased 1.9%.
EPS was impacted by the after tax impact of the non-recurring items referred to above.2018 versus 2017 Net sales increased $218.1 million, or 2.4%, to $9.3 billion for the fiscal year 2018, from $9.1 billion for the fiscal year 2017.
The impact of currency translation resulted in an increase of $275.1 million, or 3.0%, compared to fiscal year 2017.
The decrease in net sales revenue excluding currency impact $57.0 million, or 0.6%, was driven largely by a 2.1% reduction in volume/mix, mainly in the Rigid Packaging reporting segment, partially offset by favorable pricing of 0.6%, mainly from passing through higher raw material costs in both the Flexibles and Rigid Packaging reporting segments and benefits from acquisitions in the Rigid Packaging reporting segment of 0.6%.
Table VII Allocation of the Allowance for Credit Losses by Product Type
## Table 1 ##
(1) Includes allowance for small business commercial – domestic loans of $1.4 billion and $578 million at December 31, 2007 and 2006.
The allowance for small business commercial – domestic loans was not material in 2005, 2004 and 2003.
(2) Includes allowance for loan and lease losses for impaired commercial loans of $123 million, $43 million, $55 million, $202 million, and $391 million at December 31, 2007, 2006, 2005, 2004, and 2003, respectively.
Table VIII Selected Loan Maturity Data (1, 2)
## Table 2 ##
(1) Loan maturities are based on the remaining maturities under contractual terms.
(2) Includes loans measured at fair value in accordance with SFAS 159.
(3) Loan maturities include direct/indirect consumer, other consumer, commercial real estate and commercial–foreign loans.
Contractual Obligations FIS’ long-term contractual obligations generally include its long-term debt, interest on long-term debt, lease payments on certain of its property and equipment and payments for data processing and maintenance.
For more descriptive information regarding the Company's long-term debt, see Note 13 in the Notes to Consolidated Financial Statements.
The following table summarizes FIS’ significant contractual obligations and commitments as of December 31, 2012 (in millions):
## Table 3 ##
(1) These calculations assume that: (a) applicable margins remain constant; (b) all variable rate debt is priced at the one-month LIBOR rate in effect as of December 31, 2012; (c) no new hedging transactions are effected; (d) only mandatory debt repayments are made; and (e) no refinancing occurs at debt maturity.
(2) Amount includes the payment for labor claims related to FIS' former item processing and remittance operations in Brazil (see Note 3 to the Consolidated Financial Statements) and amounts due to the Brazilian venture partner.
FIS believes that its existing cash balances, cash flows from operations and borrowing programs will provide adequate sources of liquidity and capital resources to meet FIS’ expected short-term liquidity needs and its long-term needs for the operations of its business, expected capital spending for the next 12 months and the foreseeable future and the satisfaction of these obligations and commitments.
Off-Balance Sheet Arrangements FIS does not have any off-balance sheet arrangements.
Item 7A.
Quantitative and Qualitative Disclosure About Market Risks Market Risk We are exposed to market risks primarily from changes in interest rates and foreign currency exchange rates.
We use certain derivative financial instruments, including interest rate swaps and foreign currency forward exchange contracts, to manage interest rate and foreign currency risk.
We do not use derivatives for trading purposes, to generate income or to engage in speculative activity.
Interest Rate Risk In addition to existing cash balances and cash provided by operating activities, we use fixed rate and variable rate debt to finance our operations.
We are exposed to interest rate risk on these debt obligations and related interest rate swaps.
The Notes (as defined in Note 13 to the Consolidated Financial Statements) represent substantially all of our fixed-rate long-term debt obligations.
The carrying value of the Notes was $1,950.0 million as of December 31, 2012.
The fair value of the Notes was approximately $2,138.2 million as of December 31, 2012.
The potential reduction in fair value of the Notes from a hypothetical 10 percent increase in market interest rates would not be material to the overall fair value of the debt.
Our floating rate long-term debt obligations principally relate to borrowings under the FIS Credit Agreement (as also defined in Note 13 to the Consolidated Financial Statements).
An increase of 100 basis points in the LIBOR rate would increase our annual debt service under the FIS Credit Agreement, after we include the impact of our interest rate swaps, by $9.3 million (based on principal amounts outstanding as of December 31, 2012).
We performed the foregoing sensitivity analysis based on the principal amount of our floating rate debt as of December 31, 2012, less the principal amount of such debt that was then subject to an interest rate swap converting such debt into fixed rate debt.
This sensitivity analysis is based solely on
Table of Contents was recently issued a Notice of Noncompliance and Show Cause Notification relating to certain federally enforceable requirements applicable to the Elkton facility.
The Company is attempting to resolve these alleged violations by way of settlement but will defend itself if settlement cannot be reached.
The Company and its subsidiaries are parties to a number of proceedings brought under the Comprehensive Environmental Response, Compensation and Liability Act, commonly known as Superfund, and other federal and state equivalents.
These proceedings seek to require the operators of hazardous waste disposal facilities, transporters of waste to the sites and generators of hazardous waste disposed of at the sites to clean up the sites or to reimburse the government for cleanup costs.
The Company has been made a party to these proceedings as an alleged generator of waste disposed of at the sites.
In each case, the government alleges that the defendants are jointly and severally liable for the cleanup costs.
Although joint and several liability is alleged, these proceedings are frequently resolved so that the allocation of cleanup costs among the parties more nearly reflects the relative contributions of the parties to the site situation.
The Company’s potential liability varies greatly from site to site.
For some sites the potential liability is de minimis and for others the final costs of cleanup have not yet been determined.
While it is not feasible to predict the outcome of many of these proceedings brought by federal or state agencies or private litigants, in the opinion of the Company, such proceedings should not ultimately result in any liability which would have a material adverse effect on the financial position, results of operations, liquidity or capital resources of the Company.
The Company has taken an active role in identifying and accruing for these costs and such amounts do not include any reduction for anticipated recoveries of cleanup costs from former site owners or operators or other recalcitrant potentially responsible parties.
In management’s opinion, the liabilities for all environmental matters that are probable and reasonably estimable have been accrued and totaled $83 million and $109 million at December 31, 2016 and 2015 , respectively.
These liabilities are undiscounted, do not consider potential recoveries from other parties and will be paid out over the periods of remediation for the applicable sites, which are expected to occur primarily over the next 15 years.
Although it is not possible to predict with certainty the outcome of these matters, or the ultimate costs of remediation, management does not believe that any reasonably possible expenditures that may be incurred in excess of the liabilities accrued should exceed $64 million in the aggregate.
Management also does not believe that these expenditures should result in a material adverse effect on the Company’s financial position, results of operations, liquidity or capital resources for any year.11.
Equity The Merck certificate of incorporation authorizes 6,500,000,000 shares of common stock and 20,000,000 shares of preferred stock.
Capital Stock A summary of common stock and treasury stock transactions (shares in millions) is as follows:

<table><tr><td>(in millions)</td><td>2019</td><td>2018</td><td>2017</td></tr><tr><td>Net sales</td><td>$9,458.2</td><td>$9,319.1</td><td>$9,101.0</td></tr><tr><td>Operating income</td><td>791.7</td><td>993.9</td><td>916.1</td></tr><tr><td>Operating profit as a percentage of net sales</td><td>8.4%</td><td>10.7%</td><td>10.1%</td></tr><tr><td>Net income attributable to Amcor plc</td><td>$430.2</td><td>$575.2</td><td>$564.0</td></tr><tr><td>Diluted EPS</td><td>$0.36</td><td>$0.49</td><td>$0.48</td></tr></table>
<table><tr><td></td><td colspan="10"> December 31</td></tr><tr><td></td><td colspan="2">2007</td><td colspan="2">2006</td><td colspan="2">2005</td><td colspan="2">2004</td><td colspan="2">2003</td></tr><tr><td>(Dollars in millions)</td><td> Amount</td><td>Percent of total</td><td>Amount</td><td>Percent of total</td><td>Amount</td><td>Percent of total</td><td>Amount</td><td>Percent of total</td><td>Amount</td><td>Percentof total</td></tr><tr><td> Allowance for loan and lease losses</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Residential mortgage</td><td>$207</td><td>1.8%</td><td>$248</td><td>2.8%</td><td>$277</td><td>3.4%</td><td>$240</td><td>2.8%</td><td>$185</td><td>3.0%</td></tr><tr><td>Credit card – domestic</td><td>2,919</td><td>25.2</td><td>3,176</td><td>35.2</td><td>3,301</td><td>41.0</td><td>3,148</td><td>36.5</td><td>1,947</td><td>31.6</td></tr><tr><td>Credit card – foreign</td><td>441</td><td>3.8</td><td>336</td><td>3.7</td><td>–</td><td>–</td><td>–</td><td>–</td><td>–</td><td>–</td></tr><tr><td>Home equity</td><td>963</td><td>8.3</td><td>133</td><td>1.5</td><td>136</td><td>1.7</td><td>115</td><td>1.3</td><td>72</td><td>1.2</td></tr><tr><td>Direct/Indirect consumer</td><td>2,077</td><td>17.9</td><td>1,378</td><td>15.3</td><td>421</td><td>5.2</td><td>375</td><td>4.3</td><td>347</td><td>5.6</td></tr><tr><td>Other consumer</td><td>151</td><td>1.3</td><td>289</td><td>3.2</td><td>380</td><td>4.8</td><td>500</td><td>5.9</td><td>456</td><td>7.4</td></tr><tr><td>Total consumer</td><td>6,758</td><td>58.3</td><td>5,560</td><td>61.7</td><td>4,515</td><td>56.1</td><td>4,378</td><td>50.8</td><td>3,007</td><td>48.8</td></tr><tr><td>Commercial – domestic<sup>-1</sup></td><td>3,194</td><td>27.6</td><td>2,162</td><td>24.0</td><td>2,100</td><td>26.1</td><td>2,101</td><td>24.3</td><td>1,756</td><td>28.5</td></tr><tr><td>Commercial real estate</td><td>1,083</td><td>9.3</td><td>588</td><td>6.5</td><td>609</td><td>7.6</td><td>644</td><td>7.5</td><td>484</td><td>7.9</td></tr><tr><td>Commercial lease financing</td><td>218</td><td>1.9</td><td>217</td><td>2.4</td><td>232</td><td>2.9</td><td>442</td><td>5.1</td><td>235</td><td>3.8</td></tr><tr><td>Commercial – foreign</td><td>335</td><td>2.9</td><td>489</td><td>5.4</td><td>589</td><td>7.3</td><td>1,061</td><td>12.3</td><td>681</td><td>11.0</td></tr><tr><td>Total commercial<sup>-2</sup></td><td>4,830</td><td>41.7</td><td>3,456</td><td>38.3</td><td>3,530</td><td>43.9</td><td>4,248</td><td>49.2</td><td>3,156</td><td>51.2</td></tr><tr><td> Allowance for loan and lease losses</td><td>11,588</td><td>100.0%</td><td>9,016</td><td>100.0%</td><td>8,045</td><td>100.0%</td><td>8,626</td><td>100.0%</td><td>6,163</td><td>100.0%</td></tr><tr><td> Reserve for unfunded lending commitments</td><td>518</td><td></td><td>397</td><td></td><td>395</td><td></td><td>402</td><td></td><td>416</td><td></td></tr><tr><td> Allowance for credit losses</td><td>$12,106</td><td></td><td>$9,413</td><td></td><td>$8,440</td><td></td><td>$9,028</td><td></td><td>$6,579</td><td></td></tr></table>
<table><tr><td></td><td colspan="4"> December 31, 2007</td></tr><tr><td>(Dollars in millions)</td><td>Due in One Year or Less</td><td>Due After One Year Through Five Years</td><td>Due After Five Years</td><td> Total</td></tr><tr><td>Commercial – domestic</td><td>$80,087</td><td>$91,835</td><td>$39,870</td><td>$211,792</td></tr><tr><td>Commercial real estate – domestic</td><td>24,048</td><td>31,185</td><td>5,305</td><td>60,538</td></tr><tr><td>Foreign and other<sup>-3</sup></td><td>27,615</td><td>5,773</td><td>1,085</td><td>34,473</td></tr><tr><td> Total selected loans</td><td>$131,750</td><td>$128,793</td><td>$46,260</td><td>$306,803</td></tr><tr><td> Percent of total</td><td>42.9%</td><td>42.0%</td><td>15.1%</td><td>100.0%</td></tr><tr><td>Sensitivity of selected loans to changes in interest rates for loans due after one year:</td><td></td><td></td><td></td><td></td></tr><tr><td>Fixed interest rates</td><td></td><td>$11,689</td><td>$22,085</td><td></td></tr><tr><td>Floating or adjustable interest rates</td><td></td><td>117,104</td><td>24,175</td><td></td></tr><tr><td> Total</td><td></td><td>$128,793</td><td>$46,260</td><td></td></tr></table>
<table><tr><td></td><td>Total</td><td>Less than 1 Year</td><td>1-3 Years</td><td>3-5 Years</td><td>More than 5 Years</td></tr><tr><td>Long-term debt</td><td>$4,385.5</td><td>$153.9</td><td>$757.1</td><td>$2,274.5</td><td>$1,200.0</td></tr><tr><td>Interest-1</td><td>1,137.6</td><td>200.4</td><td>372.9</td><td>288.8</td><td>275.5</td></tr><tr><td>Operating leases</td><td>226.6</td><td>55.0</td><td>96.2</td><td>46.4</td><td>29.0</td></tr><tr><td>Data processing and maintenance</td><td>246.7</td><td>131.7</td><td>78.9</td><td>28.4</td><td>7.7</td></tr><tr><td>Other contractual obligations -2</td><td>100.7</td><td>18.8</td><td>52.0</td><td>10.6</td><td>19.3</td></tr><tr><td>Total</td><td>$6,097.1</td><td>$559.8</td><td>$1,357.1</td><td>$2,648.7</td><td>$1,531.5</td></tr></table>

Question: What is the growing rate of Credit card – domestic in the year with the most Residential mortgage?
Answer: 0.0486