3.9% on UPS Ground.
We also increased rates 5.5% for international shipments originating in the United States (Worldwide Express, Worldwide Express Plus, UPS Worldwide Expedited and UPS International Standard service).
Other pricing changes include a new charge for undeliverable packages after three delivery attempts and an increase in rates for proof of delivery features for our Delivery Required and Signature Confirmation services.
The residential surcharge increased $0.25 for UPS Ground services and $0.35 for UPS Next Day Air, UPS 2nd Day Air and UPS 3 Day Select.
These rate changes are customary, and are consistent with previous years’ rate increases.
Additionally, in January 2006 we modified the fuel surcharge on domestic and international air services by reducing by 2% the index used to determine the fuel surcharge.
The air fuel surcharge continues to remain subject to a maximum cap of 12.5%.
The UPS Ground fuel surcharge continues to fluctuate based on the U. S.  Energy Department’s On-Highway Diesel Fuel Price.
Rate changes for shipments originating outside the U. S.  were made throughout the past year and varied by geographic market.
Net Cash Used In Investing Activities Net cash used in investing activities was $975 million, $3.638 billion, and $2.742 billion in 2005, 2004, and 2003, respectively.
The decrease in 2005 compared with 2004 was primarily due to the net sales of marketable securities and short-term investments to fund business acquisitions and the aforementioned benefit plan contributions.
In 2005, we spent $1.488 billion on business acquisitions, primarily Overnite Corp. , Lynx Express Ltd.  in the United Kingdom, Messenger Service Stolica S. A.  in Poland, and the express operations of Sinotrans Air Transportation Development Co.  Ltd.  in China.
In 2004, we spent $238 million on business acquisitions, primarily Menlo Worldwide Forwarding, Inc.  and the 49% minority interest in Yamato Express Co.  in Japan (See Note 7).
We expect to make additional payments related to business acquisitions of approximately $50 million during 2006, primarily related to the Sinotrans transaction.
We generated cash of $95 and $318 million in 2005 and 2004, respectively, due to the sales and customer paydowns of finance receivables, primarily in our leasing, asset-based lending, and receivable factoring businesses.
Capital expenditures represent a primary use of cash in investing activities, as follows (in millions):
## Table 0 ##
As described in the “Commitments” section below, we have commitments for the purchase of aircraft, vehicles, equipment and other fixed assets to provide for the replacement of existing capacity and anticipated future growth.
We fund our capital expenditures with our cash from operations.
Net Cash Used In Financing Activities Net cash used in financing activities was $4.175, $2.014, and $2.110 billion in 2005, 2004, and 2003, respectively.
Our primary uses of cash in financing activities have been to repurchase stock, pay dividends, and repay long-term debt.
In August 2005, the Board of Directors authorized an additional $2.0 billion for future share repurchases, in addition to the amount remaining under our October 2004 share repurchase authorization.
We repurchased a total of 33.9 million shares of Class A and Class B common stock for $2.479 billion in 2005, and 18.1 million shares for $1.310 billion in 2004.
As of December 31, 2005, we had $1.338 billion of our share repurchase authorization remaining.
We increased our quarterly cash dividend payment to $0.33 per share in 2005 from $0.28 per share in 2004, resulting in an increase in total cash dividends paid to $1.391 billion from $1.208 billion.
The declaration of
UNITED PARCEL SERVICE, INC.  AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) (vi) We have certain aircraft subject to capital leases.
Some of the obligations associated with these capital leases have been legally defeased.
The recorded value of aircraft subject to capital leases, which are included in Property, Plant and Equipment is as follows as of December 31 (in millions):
## Table 1 ##
(vii) The UPS Notes program involves the periodic issuance of fixed rate notes in $1,000 increments with various terms and maturities.
At December 31, 2005, the coupon rates of the outstanding notes varied between 3.00% and 6.20%, and the interest payments are made either monthly, quarterly or semiannually.
The maturities of the notes range from 2006 to 2024.
Substantially all of the fixed obligations associated with the notes were swapped to floating rates, based on different LIBOR indices plus or minus a spread.
The average interest rate payable on the swaps for 2005 and 2004 was 3.09% and 1.13%, respectively.
(viii) The special facilities revenue bonds were assumed in the acquisition of Menlo Worldwide Forwarding in December 2004 (see Note 7).
The bonds have a par value of $108 million, $62 million of which is due in 2009, while the remaining $46 million is due in 2018.
The bonds due in 2018 are callable beginning in 2008.
The bonds due in 2018 bear interest at a fixed rate of 5.63%, while the bonds due in 2009 bear interest at fixed rates ranging from 6.05% to 6.20%.
The bonds were recorded at fair value on the date of acquisition.
Based on the borrowing rates currently available to the Company for long-term debt with similar terms and maturities, the fair value of long-term debt, including current maturities, is approximately $4.327 and $4.708 billion as of December 31, 2005 and 2004, respectively.
We lease certain aircraft, facilities, equipment and vehicles under operating leases, which expire at various dates through 2055.
Certain of the leases contain escalation clauses and renewal or purchase options.
Rent expense related to our operating leases was $742, $693, and $678 million for 2005, 2004 and 2003, respectively.
The following table sets forth the aggregate minimum lease payments under capitalized and operating leases, the aggregate annual principal payments due under our long-term debt, and the aggregate amounts expected to be spent for purchase commitments (in millions).
## Table 2 ##
(1) Includes shares repurchased through our publicly announced share repurchase program and shares tendered to pay the exercise price and tax withholding on employee stock options.
Shareowner Return Performance Graph The following Performance Graph and related information shall not be deemed “soliciting material” or to be “filed” with the Securities and Exchange Commission, nor shall such information be incorporated by reference into any future filing under the Securities Act of 1933 or Securities Exchange Act of 1934, each as amended, except to the extent that the Company specifically incorporates such information by reference into such filing.
The following graph shows a five-year comparison of cumulative total shareowners’ returns for our class B common stock, the S&P 500 Index, and the Dow Jones Transportation Average.
The comparison of the total cumulative return on investment, which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods, assumes that $100 was invested on December 31, 2004 in the S&P 500 Index, the Dow Jones Transportation Average, and our class B common stock.
Comparison of Five Year Cumulative Total Return
## Table 3 ##
UNITED PARCEL SERVICE, INC.  AND SUBSIDIARIES MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 44 Liquidity and Capital Resources Operating Activities The following is a summary of the significant sources (uses) of cash from operating activities (amounts in millions):
## Table 4 ##
(a) Represents depreciation and amortization, gains and losses on derivative and foreign exchange transactions, deferred income taxes, provisions for uncollectible accounts, pension and postretirement benefit expense, stock compensation expense, impairment charges and other non-cash items.
Cash from operating activities remained strong throughout the 2011 to 2013 time period.
Operating cash flow was favorably impacted in 2013, compared with 2012, by lower contributions into our defined benefit pension and postretirement benefit plans; however, this was partially offset by certain TNT Express transaction-related charges, as well as changes in UNITED PARCEL SERVICE, INC.  AND SUBSIDIARIES MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 44 Liquidity and Capital Resources Operating Activities The following is a summary of the significant sources (uses) of cash from operating activities (amounts in millions):
(a) Represents depreciation and amortization, gains and losses on derivative and foreign exchange transactions, deferred income taxes, provisions for uncollectible accounts, pension and postretirement benefit expense, stock compensation expense, impairment charges and other non-cash items.
Cash from operating activities remained strong throughout the 2011 to 2013 time period.
Operating cash flow was favorably impacted in 2013, compared with 2012, by lower contributions into our defined benefit pension and postretirement benefit plans; however, this was partially offset by certain TNT Express transaction-related charges, as well as changes in income tax receivables and payables.
We paid a termination fee to TNT Express of €200 million ($268 million) under the agreement to terminate the merger protocol in the first quarter of 2013.
Additionally, the cash payments for income taxes increased in 2013 compared with 2012, and were impacted by the timing of current tax deductions.
Except for discretionary or accelerated fundings of our plans, contributions to our company-sponsored pension plans have largely varied based on whether any minimum funding requirements are present for individual pension plans.
In 2013, we did not have any required, nor make any discretionary, contributions to our primary company-sponsored pension plans in the U. S.  In 2012, we made a $355 million required contribution to the UPS IBT Pension Plan.
In 2011, we made a $1.2 billion contribution to the UPS IBT Pension Plan, which satisfied our 2011 contribution requirements and also approximately $440 million in contributions that would not have been required until after 2011.  ?
The remaining contributions in the 2011 through 2013 period were largely due to contributions to our international pension plans and U. S.  postretirement medical benefit plans.
As discussed further in the ¡°Contractual Commitments¡± section, we have minimum funding requirements in the next several years, primarily related to the UPS IBT Pension, UPS Retirement and UPS Pension plans.
As of December 31, 2013, the total of our worldwide holdings of cash and cash equivalents was $4.665 billion.
Approximately 45%-55% of cash and cash equivalents was held by foreign subsidiaries throughout the year.
The amount of cash held by our U. S.  and foreign subsidiaries fluctuates throughout the year due to a variety of factors, including the timing of cash receipts and disbursements in the normal course of business.
Cash provided by operating activities in the United States continues to be our primary source of funds to finance domestic operating needs, capital expenditures, share repurchases and dividend payments to shareowners.
To the extent that such amounts represent previously untaxed earnings, the cash held by foreign subsidiaries would be subject to tax if such amounts were repatriated in the form of dividends; however, not all international cash balances would have to be repatriated in the form of a dividend if returned to the U. S.  When amounts earned by foreign subsidiaries are expected to be indefinitely reinvested, no accrual for taxes is provided.

<table><tr><td></td><td> 2005 </td><td> 2004 </td><td> 2003 </td></tr><tr><td>Buildings and facilities</td><td>$495</td><td>$547</td><td>$451</td></tr><tr><td>Aircraft and parts</td><td>874</td><td>829</td><td>1,019</td></tr><tr><td>Vehicles</td><td>456</td><td>393</td><td>161</td></tr><tr><td>Information technology</td><td>362</td><td>358</td><td>316</td></tr><tr><td></td><td>$2,187</td><td>$2,127</td><td>$1,947</td></tr></table>
<table><tr><td></td><td>2005</td><td>2004</td></tr><tr><td>Aircraft</td><td>$2,054</td><td>$1,795</td></tr><tr><td>Accumulated amortization</td><td>-315</td><td>-257</td></tr><tr><td></td><td>$1,739</td><td>$1,538</td></tr></table>
<table><tr><td> Year</td><td>Capitalized Leases</td><td> Operating Leases</td><td> Debt Principal</td><td> Purchase Commitments</td></tr><tr><td>2006</td><td>$64</td><td>$403</td><td>$774</td><td>$1,280</td></tr><tr><td>2007</td><td>107</td><td>348</td><td>70</td><td>826</td></tr><tr><td>2008</td><td>115</td><td>248</td><td>37</td><td>738</td></tr><tr><td>2009</td><td>66</td><td>176</td><td>104</td><td>652</td></tr><tr><td>2010</td><td>61</td><td>126</td><td>30</td><td>478</td></tr><tr><td>After 2010</td><td>1</td><td>544</td><td>2,637</td><td>689</td></tr><tr><td>Total</td><td>414</td><td>$1,845</td><td>$3,652</td><td>$4,663</td></tr><tr><td>Less: imputed interest</td><td>-136</td><td></td><td></td><td></td></tr><tr><td>Present value of minimum capitalized lease payments</td><td>278</td><td></td><td></td><td></td></tr><tr><td>Less: current portion</td><td>-54</td><td></td><td></td><td></td></tr><tr><td>Long-term capitalized lease obligations</td><td>$224</td><td></td><td></td><td></td></tr></table>
<table><tr><td></td><td>12/31/04</td><td>12/31/05</td><td>12/31/06</td><td>12/31/07</td><td>12/31/08</td><td>12/31/09</td></tr><tr><td>United Parcel Service, Inc.</td><td>$100.00</td><td>$89.49</td><td>$91.06</td><td>$87.88</td><td>$70.48</td><td>$75.95</td></tr><tr><td>S&P 500 Index</td><td>$100.00</td><td>$104.91</td><td>$121.48</td><td>$128.15</td><td>$80.74</td><td>$102.11</td></tr><tr><td>Dow Jones Transportation Average</td><td>$100.00</td><td>$111.65</td><td>$122.61</td><td>$124.35</td><td>$97.72</td><td>$115.88</td></tr></table>
<table><tr><td></td><td>2013</td><td>2012</td><td>2011</td></tr><tr><td>Net income</td><td>$4,372</td><td>$807</td><td>$3,804</td></tr><tr><td>Non-cash operating activities(a)</td><td>3,318</td><td>7,313</td><td>4,578</td></tr><tr><td>Pension and postretirement plan contributions (UPS-sponsored plans)</td><td>-212</td><td>-917</td><td>-1,436</td></tr><tr><td>Income tax receivables and payables</td><td>-155</td><td>280</td><td>236</td></tr><tr><td>Changes in working capital and other noncurrent assets and liabilities</td><td>121</td><td>-148</td><td>-12</td></tr><tr><td>Other operating activities</td><td>-140</td><td>-119</td><td>-97</td></tr><tr><td>Net cash from operating activities</td><td>$7,304</td><td>$7,216</td><td>$7,073</td></tr></table>

Question: what was the percentage cumulative return on investment for united parcel service inc . for the five year period ended 12/31/09?
Answer: -0.2405