Sales of Unregistered Securities Not applicable.
Repurchase of Equity Securities The following table provides information regarding our purchases of our equity securities during the period from October 1, 2016 to December 31, 2016.
## Table 0 ##
1 Included shares of our common stock, par value $0.10 per share, withheld under the terms of grants under employee stock-based compensation plans to offset tax withholding obligations that occurred upon vesting and release of restricted shares (the “Withheld Shares”).
We repurchased no Withheld Shares in October 2016, 1,353 Withheld Shares in November 2016 and 10,749 Withheld Shares in December 2016, for a total of 12,102 Withheld Shares during the three-month period.2 The average price per share for each of the months in the fiscal quarter and for the three-month period was calculated by dividing the sum of the applicable period of the aggregate value of the tax withholding obligations and the aggregate amount we paid for shares acquired under our share repurchase program, described in Note 5 to the Consolidated Financial Statements, by the sum of the number of Withheld Shares and the number of shares acquired in our share repurchase program.3 In February 2016, the Board authorized a share repurchase program to repurchase from time to time up to $300.0 million, excluding fees, of our common stock (the “2016 Share Repurchase Program”).
On February 10, 2017, we announced that our Board had approved a new share repurchase program to repurchase from time to time up to $300.0 million, excluding fees, of our common stock.
The new authorization is in addition to any amounts remaining for repurchase under the 2016 Share Repurchase Program.
There is no expiration date associated with the share repurchase programs.
The change in cash and cash equivalents is summarized below:
## Table 1 ##
2013 Compared to 2012: Operating activities: Cash provided by operations increased $856.7 million to $2.38 billion in 2013 primarily due to an improvement in working capital and $164.6 million in lower pension contributions.
Higher operating cash flow reflects a $544.4 million higher inflow for purchases of goods and services in accounts payable and accrued expenses in excess of payments, $87.9 million in higher depreciation of equipment on operating leases and $59.7 million of higher net income.
In addition, there was a $21.9 million lower increase in inventories.
These cash inflows were partially offset by a $190.2 million increase in sales of goods and services in accounts receivable exceeding cash receipts.
Investing activities: Cash used in investing activities of $2.15 billion in 2013 decreased $437.0 million from the $2.59 billion used in 2012.
Net new loan and lease originations in the Financial Services segment in 2013 were $307.6 million lower, reflecting a lower growth in the portfolio.
In addition, net purchases of marketable securities were $179.4 million lower in 2013.  Financing activities: Cash provided by financing activities increased to $273.8 million from $209.5 million in 2012.
The Company paid $283.1 million of dividends in 2013, a decrease of $526.4 million, compared to the $809.5 million paid in 2012.
The higher dividends paid in 2012 reflect a special dividend declared in 2011 and paid in early 2012, and a special dividend declared and paid at the end of 2012.
The special dividend declared in 2013 is payable in 2014.
In addition, there were no purchases of treasury stock in 2013, compared to $162.1 million purchased in 2012.
In 2013, the Company issued $2.13 billion of medium-term debt, $67.0 million less than 2012.
The proceeds were used to repay medium-term debt of $568.9 million and to reduce outstanding balances on commercial paper and bank loans by $1.04 billion, resulting in cash provided by borrowing activities of $525.9 million, $641.3 million lower than the cash provided by borrowing activities of $1.17 billion in 2012.2012 Compared to 2011: Operating activities: Cash provided by operations decreased $73.6 million to $1.52 billion in 2012.
The lower operating cash flow was primarily due to an $888.6 million outflow as payments for goods and services in accounts payable and accrued expenses exceeded purchases in 2012 and purchases exceeded payments in 2011.
In addition, a $161.8 million outflow occurred from income tax payments exceeding expense in 2012 and income tax expense exceeding payments in 2011.
Also, pension contributions in 2012 were $105.6 million higher than in 2011.
These outflows were partially offset by a $483.6 million inflow as receipts from sales of goods and services in accounts receivable exceeded sales in 2012 and sales exceeded receipts in 2011, a $544.6 million lower increase in Financial Services segment wholesale receivables and $69.3 million higher net income.
The following table summarizes net loan charge-offs by loan portfolio class and total net loan charge-offs to total average loans:
## Table 2 ##
The following table presents, by class of loan, the allocation of the allowance for loan losses on originated loans and the percent of loans in each class to total loans:
## Table 3 ##
The allocation of the allowance for loan losses on originated loans at December 31, 2016 reflects management’s assessment of credit risk and probable loss within each portfolio.
This assessment is based on a variety of internal and external factors including, but not limited to, the likelihood and severity of loss, portfolio growth and related risk characteristics, and current economic conditions.
With respect to the originated portfolio, an allocation of a portion of the allowance to one loan segment does not preclude its availability to absorb losses in another loan segment.
Management believes that the level of the allowance for loan losses at December 31, 2016 is appropriate to cover probable losses.
Non-Performing Assets A loan is generally considered “non-performing” when it is placed on non-accrual status.
A loan is generally placed on non-accrual status when it becomes 90 days past due as to interest or principal payments.
Past due status is based on the contractual payment terms of the loan.
A loan may be placed on non-accrual status before it reaches 90 days past due if such loan has been identified as presenting uncertainty with respect to the collectability of interest and principal.
A loan past due 90 days or more may remain on accruing status if such loan is both well secured and in the process of collection.
All previously accrued but unpaid interest on non-accrual loans is reversed from interest income in the period in which the accrual of interest is discontinued.
Interest payments received on non-accrual loans (including impaired loans) are generally applied as a reduction of principal if future collections are doubtful, although such interest payments may be recognized as income.
A loan remains on non-accrual status until the factors that indicated doubtful collectability no longer exist or until a loan is determined to be uncollectible and is charged off against the allowance for loan losses.
There were no loans past due 90 days or more and still accruing interest at December 31, 2016 or 2015.
Bonds and Notes consist of the following at December 31,

<table><tr><td></td><td>Total Number ofShares (or Units)Purchased<sup>1</sup></td><td>Average Price Paidper Share (or Unit)<sup>2</sup></td><td>Total Number ofShares (or Units)Purchased as Part ofPublicly AnnouncedPlans or Programs<sup>3</sup></td><td>Maximum Number (orApproximate Dollar Value)of Shares (or Units)that May Yet Be PurchasedUnder the Plans orPrograms<sup>3</sup></td></tr><tr><td>October 1 - 31</td><td>2,099,169</td><td>$22.28</td><td>2,099,169</td><td>$218,620,420</td></tr><tr><td>November 1 - 30</td><td>1,454,402</td><td>$22.79</td><td>1,453,049</td><td>$185,500,851</td></tr><tr><td>December 1 - 31</td><td>1,269,449</td><td>$23.93</td><td>1,258,700</td><td>$155,371,301</td></tr><tr><td>Total</td><td>4,823,020</td><td>$22.87</td><td>4,810,918</td><td></td></tr></table>
<table><tr><td> <i>Year Ended December 31,</i> </td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>Operating activities:</td><td></td><td></td><td></td></tr><tr><td>Net income</td><td>$1,171.3</td><td>$1,111.6</td><td>$1,042.3</td></tr><tr><td>Net income items not affecting cash</td><td>957.5</td><td>906.6</td><td>967.7</td></tr><tr><td>Pension contributions</td><td>-26.2</td><td>-190.8</td><td>-85.2</td></tr><tr><td>Changes in operating assets and liabilities, net</td><td>273.1</td><td>-308.4</td><td>-332.2</td></tr><tr><td>Net cash provided by operating activities</td><td>2,375.7</td><td>1,519.0</td><td>1,592.6</td></tr><tr><td>Net cash used in investing activities</td><td>-2,151.0</td><td>-2,588.0</td><td>-2,419.0</td></tr><tr><td>Net cash provided by financing activities</td><td>273.8</td><td>209.5</td><td>946.1</td></tr><tr><td>Effect of exchange rate changes on cash</td><td>-20.8</td><td>25.2</td><td>-53.8</td></tr><tr><td>Net increase (decrease) in cash and cash equivalents</td><td>477.7</td><td>-834.3</td><td>65.9</td></tr><tr><td>Cash and cash equivalents at beginning of the year</td><td>1,272.4</td><td>2,106.7</td><td>2,040.8</td></tr><tr><td>Cash and cash equivalents at end of the year</td><td>$1,750.1</td><td>$1,272.4</td><td>$2,106.7</td></tr></table>
<table><tr><td></td><td>DERIVATIVE CONTRACTS</td><td>MARKETABLE DEBT SECURITIES</td><td>PENSION PLANS</td><td>FOREIGN CURRENCY TRANSLATION</td><td>TOTAL</td></tr><tr><td>Balance at January 1, 2015</td><td>$-13.5</td><td>$5.3</td><td>$-433.1</td><td>$-138.5</td><td>$-579.8</td></tr><tr><td>Recorded into AOCI</td><td>27.9</td><td>-1.7</td><td>15.1</td><td>-483.8</td><td>-442.5</td></tr><tr><td>Reclassified out of AOCI</td><td>-20.8</td><td>-1.5</td><td>27.6</td><td></td><td>5.3</td></tr><tr><td>Net other comprehensive income (loss)</td><td>7.1</td><td>-3.2</td><td>42.7</td><td>-483.8</td><td>-437.2</td></tr><tr><td>Balance at December 31, 2015</td><td>$-6.4</td><td>$2.1</td><td>$-390.4</td><td>$-622.3</td><td>$-1,017.0</td></tr></table>
<table><tr><td></td><td></td><td colspan="3">AMOUNT RECLASSIFIED OUT OF AOCI</td></tr><tr><td>AOCI COMPONENTS</td><td>LINE ITEM IN THE CONSOLIDATEDSTATEMENTS OF INCOME</td><td>2017</td><td>2016</td><td>2015</td></tr><tr><td>Unrealized (gains) and losses onderivative contracts:</td><td></td><td></td><td></td><td></td></tr><tr><td>Truck, Parts and Other</td><td></td><td></td><td></td><td></td></tr><tr><td>Foreign-exchange contracts</td><td>Net sales and revenues</td><td>$12.1</td><td>$-27.9</td><td>$-.1</td></tr><tr><td></td><td>Cost of sales and revenues</td><td>3.9</td><td>.6</td><td>3.4</td></tr><tr><td></td><td>Interest and other expense, net</td><td>1.8</td><td>1.3</td><td>-4.1</td></tr><tr><td>Financial Services</td><td></td><td></td><td></td><td></td></tr><tr><td>Interest-rate contracts</td><td>Interest and other borrowing expenses</td><td>115.6</td><td>36.8</td><td>-28.5</td></tr><tr><td></td><td>Pre-tax expense increase (reduction)</td><td>133.4</td><td>10.8</td><td>-29.3</td></tr><tr><td></td><td>Tax (benefit) expense</td><td>-36.3</td><td>-8.9</td><td>8.5</td></tr><tr><td></td><td>After-tax expense increase (reduction)</td><td>97.1</td><td>1.9</td><td>-20.8</td></tr><tr><td>Unrealized (gains) and losses onmarketable debt securities:</td><td></td><td></td><td></td><td></td></tr><tr><td>Marketable debt securities</td><td>Investment income</td><td>-.6</td><td>-3.7</td><td>-2.1</td></tr><tr><td></td><td>Tax expense</td><td>.2</td><td>1.0</td><td>.6</td></tr><tr><td></td><td>After-tax income increase</td><td>-.4</td><td>-2.7</td><td>-1.5</td></tr><tr><td>Pension plans:</td><td></td><td></td><td></td><td></td></tr><tr><td>Truck, Parts and Other</td><td></td><td></td><td></td><td></td></tr><tr><td>Actuarial loss</td><td>Cost of sales and revenues</td><td>12.3</td><td>13.6</td><td>22.4</td></tr><tr><td></td><td>Selling, general and administrative</td><td>12.3</td><td>13.0</td><td>17.1</td></tr><tr><td></td><td></td><td>24.6</td><td>26.6</td><td>39.5</td></tr><tr><td>Prior service costs</td><td>Cost of sales and revenues</td><td>1.0</td><td>.9</td><td>1.0</td></tr><tr><td></td><td>Selling, general and administrative</td><td>.2</td><td>.3</td><td>.2</td></tr><tr><td></td><td></td><td>1.2</td><td>1.2</td><td>1.2</td></tr><tr><td>Financial Services</td><td></td><td></td><td></td><td></td></tr><tr><td>Actuarial loss</td><td>Selling, general and administrative</td><td>.8</td><td>1.1</td><td>1.7</td></tr><tr><td></td><td>Pre-tax expense increase</td><td>26.6</td><td>28.9</td><td>42.4</td></tr><tr><td></td><td>Tax benefit</td><td>-8.5</td><td>-10.0</td><td>-14.8</td></tr><tr><td></td><td>After-tax expense increase</td><td>18.1</td><td>18.9</td><td>27.6</td></tr><tr><td>Total reclassifications out of AOCI</td><td></td><td>$114.8</td><td>$18.1</td><td>$5.3</td></tr></table>

Question: how is the treasury stock affected after the stock repurchases in the last three months of 2016 , ( in millions ) ?
Answer: 110.30247