(Amounts in tables in millions, except share and per share data) (continued) Note 9.
Goodwill and Identifiable Intangible Assets Goodwill The following table details the Company’s goodwill balances at December 31, 2008 and 2007 by the Company’s segment reporting structure.
## Table 0 ##
In accordance with SFAS No.142, the Company tests goodwill for impairment on a reporting unit basis annually during the fourth quarter of each year and at other times if events or circumstances exist that indicate the carrying value of goodwill may potentially be no longer be recoverable.
The Company completed step one of its annual impairment test and fair value analysis for goodwill, and there were no impairments present and no impairment charge was recorded during the years ended December 31, 2008, 2007 and 2006.
The Company uses a fair value approach to test goodwill for impairment.
The Company must recognize an impairment charge for the amount, if any, by which the carrying amount of goodwill exceeds its implied fair value.
The Company derives an estimate of fair values for each of the Company’s reporting units using a combination of an income approach and two market approaches, each based on an applicable weighting.
The Company assesses the applicable weighting based on such factors as current market conditions and the quality and reliability of the data.
Absent an indication of fair value from a potential buyer or similar specific transactions, the Company believes that the use of these methods provides a reasonable estimate of a reporting unit’s fair value.
Fair value computed by these methods is arrived at using a number of factors, including projected future operating results, anticipated future cash flows, comparable marketplace data within a consistent industry grouping, and the cost of capital.
There are inherent uncertainties, however, related to these factors and to the Company’s judgment in applying them to this analysis.
Nonetheless, the Company believes that the combination of these methods provides a reasonable approach to estimate the fair value of the Company’s reporting units.
Assumptions for sales, earnings and cash flows for each reporting unit were consistent among these methods.
The income approach is based upon the present value of expected cash flows.
Expected cash flows are converted to present value using factors that consider the timing and risk of the future cash flows.
The estimate of cash flows used is prepared on an unleveraged debt-free basis.
The discount rate reflects a market-derived weighted average cost of capital.
The Company believes that this approach is appropriate because it provides a fair value estimate based upon the reporting unit’s expected long-term operating and cash flow performance.
The projections are based upon the Company’s best estimates of projected economic and market conditions over the related period including growth rates, estimates of future expected changes in operating margins and cash expenditures.
Other significant estimates and assumptions include terminal value growth rates, terminal value margin rates, future capital expenditures and changes in future working capital.
The Company uses two market approaches.
The first market approach estimates the fair value of the reporting unit by applying EBITDA multiples to the reporting unit’s operating performance.
The EBITDA multiples are derived from comparable publicly-traded companies with similar investment characteristics to the reporting unit.
The Company believes that this approach is appropriate because it provides a fair value estimate using multiples from entities with operations and economic characteristics comparable to its reporting units and the Company.
The second market approach is based on the publicly-traded common shares of the Company and the estimate of fair value of the reporting unit is based on the applicable EBITDA multiples of the Company.
The key estimates and assumptions that are used to determine fair value under the two market approaches include trailing and future 12-month EBITDA results, as applicable.
Under both market approaches, a control premium is applied to the calculated equity values to adjust the public trading value upward for a 100% ownership interest, where applicable.
## Table 1 ##
In maintaining our foreign operations, we face risks inherent in these operations, such as currency fluctuations, inflation and political instability.
Information on currency exchange risk appears in Part II, Item 7A of this Annual Report on Form 10-K, which information is incorporated herein by reference.
Other risks attendant to our foreign operations are set forth in Part I, Item 1A, “Risk Factors,” of this Annual Report on Form 10-K, which information is incorporated herein by reference.
Financial information showing net sales and total long-lived assets by geographic region for each of the three years ended December 31, 2010 appears in Note 3, “Segments,” which information is incorporated herein by reference.
We maintain programs to comply with the various laws, rules and regulations related to the protection of the environment that we may be subject to in the many countries in which we operate.
See “Environmental Matters,” below.
Employees As of December 31, 2010, we had approximately 16,100 employees worldwide.
Approximately 6,800 of these employees were in the U. S. , with approximately 100 of these employees covered by collective bargaining agreements.
Of the approximately 9,300 employees who were outside the U. S. , approximately 6,300 were covered by collective bargaining agreements.
Outside of the U. S. , many of the covered employees are represented by works councils or industrial boards, as is customary in the jurisdictions in which they are employed.
We believe that our employee relations are satisfactory.
Marketing, Distribution and Customers At December 31, 2010, we employed approximately 2,300 sales, marketing and customer service personnel throughout the world who sell and market our products to and through a large number of distributors, fabricators, converters, e-commerce and mail order fulfillment firms, and contract packaging firms as well as directly to end-users such as food processors, foodservice businesses, supermarket retailers, pharmaceutical companies, medical device manufacturers and other manufacturers.
To support our food packaging, food solutions and new ventures customers, we operate two food science laboratories and three Packforum?
innovation and learning centers that are located in the U. S. , France, and China.
At Packforum?, we assist customers in identifying the appropriate packaging materials and systems to meet their needs.
We also offer ideation services, educational seminars, employee training and customized graphic design services to our customers.
To assist our marketing efforts for our protective packaging products and to provide specialized customer services, we operate 35 industrial package design and development laboratories worldwide within our facilities.
These laboratories are staffed by professional packaging engineers and equipped with drop-testing and other equipment used to develop and test cost-effective package designs to meet the particular protective packaging requirements of each customer.
We operate five equipment design centers in three countries that focus on equipment and parts design and innovation to support the development of comprehensive systems solutions.
We also provide field technical services to our customers worldwide.
These services include system installation, integration and monitoring systems, repair and upgrade, operator training in the efficient use of packaging systems, qualification of various consumable and system combinations, and packaging line layout and design.
SEALED AIR CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements — (Continued) 80 Note 13 Fair Value Measurements and Other Financial Instruments (Continued) Other Financial Instruments The following financial instruments are recorded at fair value or at amounts that approximate fair value: (1) receivables, net, (2) certain other current assets, (3) accounts payable and (4) other current liabilities.
The carrying amounts reported on our consolidated balance sheets for the above financial instruments closely approximate their fair value due to the short-term nature of these assets and liabilities.
Other liabilities that are recorded at carrying value on our consolidated balance sheets include our senior notes.
To calculate the fair value of our senior notes at December 31, 2010 and 2009, we utilized a market approach.
Due to their limited investor base and the relatively small face value of each issue of the senior notes, they may not be actively traded on the date the fair value is calculated.
Therefore, we utilize prices and other relevant information generated by market transactions involving similar securities, reflecting U. S.  Treasury yields to calculate the yield to maturity and the price on each of our senior notes.
These inputs are provided by an independent third party and are considered to be Level 2 inputs.
We derived the fair value estimates of our various other debt instruments by evaluating the nature and terms of each instrument, considering prevailing economic and market conditions, and examining the cost of similar debt offered at the balance sheet date.
We also incorporated our credit default swap rates and currency specific swap rates in the valuation of each debt instrument, as applicable.
These estimates are subjective and involve uncertainties and matters of significant judgment, and therefore we cannot determine them with precision.
Changes in assumptions could significantly affect our estimates.
The carrying amounts and estimated fair values of our total debt at December 31, 2010 and 2009 were as follows:
## Table 2 ##
(1) The carrying value and fair value of such debt include adjustments due to interest rate swaps.
See Note 12, “Derivatives and Hedging Activities.
” Credit and Market Risk Financial instruments, including derivatives, expose us to counterparty credit risk for nonperformance and to market risk related to changes in interest or currency exchange rates.
We manage our exposure to counterparty credit risk through specific minimum credit standards, diversification of counterparties, and procedures to monitor concentrations of credit risk.
We do not expect any of our counterparties in derivative transactions to fail to perform as it is our policy to have counterparties to these contracts that are rated at least A- by Standard & Poor’s and A3 by Moody’s.
Nevertheless, there is a risk that our exposure to losses arising out of derivative contracts could be material if the counterparties to these agreements fail to perform their obligations.
We regularly monitor the impact of market risk on the fair value and cash flows of our derivative and other financial instruments considering reasonably possible changes in interest and currency exchange rates and restrict the use of derivative financial instruments to hedging activities.
We do not use derivative financial instruments for trading or other speculative purposes and do not use leveraged derivative financial instruments.
We continually monitor the creditworthiness of our diverse base of customers to which we grant credit terms in the normal course of business and generally do not require collateral.
We consider the concentrations of credit risk associated with our trade accounts receivable to be commercially reasonable and believe that such concentrations do not leave us vulnerable to significant risks of nearterm severe adverse impacts.
The terms and conditions of our credit sales are designed to mitigate concentrations of credit risk with any single customer.
Our sales are not materially dependent on a single customer or a small group of customers.

<table><tr><td> </td><td> Balance at December 31, 2007</td><td> Goodwill Acquired</td><td>Foreign Currency Translation and Other</td><td> Balance at December 31, 2008</td></tr><tr><td>Food Packaging</td><td>$388.0</td><td>—</td><td>-6.6</td><td>$381.4</td></tr><tr><td>Food Solutions</td><td>149.7</td><td>—</td><td>-2.5</td><td>147.2</td></tr><tr><td>Protective Packaging</td><td>1,275.2</td><td>1.1</td><td>-21.6</td><td>1,254.7</td></tr><tr><td>Other</td><td>156.8</td><td>—</td><td>-2.0</td><td>154.8</td></tr><tr><td>Total</td><td>$1,969.7</td><td>1.1</td><td>-32.7</td><td>$1,938.1</td></tr></table>
<table><tr><td> Americas</td><td colspan="2"> Europe, Middle East and Africa</td><td> Asia-Pacific</td></tr><tr><td>Argentina</td><td>Austria</td><td>Netherlands</td><td>Australia</td></tr><tr><td>Brazil</td><td>Belgium</td><td>Norway</td><td>China</td></tr><tr><td>Canada</td><td>Czech Republic</td><td>Poland</td><td>India</td></tr><tr><td>Chile</td><td>Denmark</td><td>Portugal</td><td>Indonesia</td></tr><tr><td>Colombia</td><td>Finland</td><td>Romania</td><td>Japan</td></tr><tr><td>Costa Rica</td><td>France</td><td>Russia</td><td>Malaysia</td></tr><tr><td>Ecuador</td><td>Germany</td><td>South Africa</td><td>New Zealand</td></tr><tr><td>Guatemala</td><td>Greece</td><td>Spain</td><td>Philippines</td></tr><tr><td>Mexico</td><td>Hungary</td><td>Sweden</td><td>Singapore</td></tr><tr><td>Peru</td><td>Ireland</td><td>Switzerland</td><td>South Korea</td></tr><tr><td>Uruguay</td><td>Israel</td><td>Turkey</td><td>Taiwan</td></tr><tr><td>Venezuela</td><td>Italy</td><td>Ukraine</td><td>Thailand</td></tr><tr><td></td><td>Luxembourg</td><td>United Kingdom</td><td>Vietnam</td></tr></table>
<table><tr><td></td><td colspan="2"> December 31, 2010</td><td colspan="2"> December 31, 2009</td></tr><tr><td></td><td> Carrying   Amount</td><td> Fair   Value</td><td> Carrying   Amount</td><td> Fair   Value</td></tr><tr><td>5.625% Senior Notes due July 2013-1</td><td>$399.4</td><td>$423.1</td><td>$399.4</td><td>$416.0</td></tr><tr><td>12% Senior Notes due February 2014-1</td><td>156.0</td><td>196.5</td><td>299.5</td><td>372.5</td></tr><tr><td>7.875% Senior Notes due June 2017</td><td>392.6</td><td>438.8</td><td>391.8</td><td>424.0</td></tr><tr><td>6.875% Senior Notes due July 2033</td><td>448.5</td><td>415.1</td><td>448.5</td><td>423.0</td></tr><tr><td>Other foreign loans</td><td>26.2</td><td>26.0</td><td>109.0</td><td>115.4</td></tr><tr><td>Other domestic loans</td><td>6.5</td><td>6.5</td><td>12.8</td><td>23.8</td></tr><tr><td>Total debt</td><td>$1,429.2</td><td>$1,506.0</td><td>$1,661.0</td><td>$1,774.7</td></tr></table>

Question: The total amount of which section ranks first for December 31, 2009?
Answer: 1774.7