On May 20, 2015, Aon plc issued $600 million of 4.750% Senior Notes due May 2045.
The 4.750% Notes due May 2045 are fully and unconditionally guaranteed by Aon Corporation.
We used the proceeds of the issuance for general corporate purposes.
On September 30, 2015, $600 million of 3.50% Senior Notes issued by Aon Corporation matured and were repaid.
On November 13, 2015, Aon plc issued $400 million of 2.80% Senior Notes due March 2021.
The 2.80% Notes due March 2021 are fully and unconditionally guaranteed by Aon Corporation.
We used the proceeds of the issuance for general corporate purposes.
Credit Facilities As of December 31, 2015, we had two committed credit facilities outstanding: our $400 million U. S.  credit facility expiring in March 2017 (the "2017 Facility") and $900 million multi-currency U. S.  credit facility expiring in February 2020 On May 20, 2015, Aon plc issued $600 million of 4.750% Senior Notes due May 2045.
The 4.750% Notes due May 2045 are fully and unconditionally guaranteed by Aon Corporation.
We used the proceeds of the issuance for general corporate purposes.
On September 30, 2015, $600 million of 3.50% Senior Notes issued by Aon Corporation matured and were repaid.
On November 13, 2015, Aon plc issued $400 million of 2.80% Senior Notes due March 2021.
The 2.80% Notes due March 2021 are fully and unconditionally guaranteed by Aon Corporation.
We used the proceeds of the issuance for general corporate purposes.
Credit Facilities As of December 31, 2015, we had two committed credit facilities outstanding: our $400 million U. S.  credit facility expiring in March 2017 (the "2017 Facility") and $900 million multi-currency U. S.  credit facility expiring in February 2020 (the "2020 Facility").
The 2020 Facility was entered into on February 2, 2015 and replaced the previous €650 million European credit facility.
Each of these facilities is intended to support our commercial paper obligations and our general working capital needs.
In addition, each of these facilities includes customary representations, warranties and covenants, including financial covenants that require us to maintain specified ratios of adjusted consolidated EBITDA to consolidated interest expense and consolidated debt to adjusted consolidated EBITDA, tested quarterly.
At December 31, 2015, we did not have borrowings under either the 2017 Facility or the 2020 Facility, and we were in compliance with the financial covenants and all other covenants contained therein during the twelve months ended December 31, 2015.
Effective February 2, 2016, the 2020 Facility terms were extended for 1 year and will expire in February 2021 Our total debt-to-EBITDA ratio at December 31, 2015 and 2014, is calculated as follows:
## Table 0 ##
We use EBITDA, as defined by our financial covenants, as a non-GAAP measure.
This supplemental information related to EBITDA represents a measure not in accordance with U. S.  GAAP and should be viewed in addition to, not instead of, our Consolidated Financial Statements and Notes thereto.
Shelf Registration Statement On September 3, 2015, we filed a shelf registration statement with the SEC, registering the offer and sale from time to time of an indeterminate amount of, among other securities, debt securities, preference shares, Class A Ordinary Shares and convertible securities.
Our ability to access the market as a source of liquidity is dependent on investor demand, market conditions and other factors.
D. R.  HORTON, INC.  AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) NOTE K — COMMITMENTS AND CONTINGENCIES Warranty Claims At September 30, 2011, the Company had liabilities of $0.8 million for the remaining repair costs of homes in its Florida and Louisiana markets constructed during 2005 through 2007 which contain or are suspected to contain allegedly defective drywall manufactured in China (Chinese Drywall) that may be responsible for accelerated corrosion of certain metals in the home.
Through September 30, 2011, the Company has spent approximately $6.4 million to remediate these homes.
While the Company will seek reimbursement for these remediation costs from various sources, it has not recorded a receivable for potential recoveries as of September 30, 2011.
If additional homes in these or other markets are found to contain Chinese Drywall, the Company would likely be required to further increase its warranty reserve for this matter in the future.
The Company has been named as a defendant in several lawsuits in Louisiana and Florida pertaining to Chinese Drywall.
As these actions are still in their early stages, the Company is unable to express an opinion as to the amount of damages, if any, beyond what has been reserved for repair as discussed above.
Changes in the Company’s warranty liability during fiscal 2011 and 2010 were as follows:
## Table 1 ##
Insurance and Legal Claims The Company has, and requires the majority of the subcontractors it uses to have, general liability insurance which includes construction defect coverage.
The Company’s general liability insurance policies protect it against a portion of its risk of loss from construction defect and other claims and lawsuits, subject to self-insured retentions and other coverage limits.
For policy years ended June 30, 2004 through 2011, the Company is self-insured for up to $22.5 million of the aggregate indemnity claims incurred, at which point the excess loss insurance begins, depending on the policy year.
Once the Company has satisfied the annual aggregate limits, it is self-insured for the first $0.25 million to $1.0 million of indemnity for each claim occurrence, depending on the policy year.
For policy years 2011 and 2012, the Company is self-insured for up to $15.0 million of the aggregate indemnity claims incurred and for up to $0.5 million of each claim occurrence thereafter.
In some states where the Company believes it is too difficult or expensive for its subcontractors to obtain general liability insurance, the Company has waived its normal subcontractor general liability insurance requirements to obtain lower costs from subcontractors.
In these states, the Company purchases insurance policies from either third-party carriers or its wholly-owned captive insurance subsidiary, and names certain subcontractors as additional insureds.
The policies issued by the captive insurance subsidiary represent self-insurance of these risks by the Company and are considered in the self-insured amounts above.
For policy years after April 2007, the captive insurance subsidiary has $15.0 million of risk transfer with a third-party insurer.
The Company is self-insured for the deductible amounts under its workers’ compensation insurance policies.
The deductibles vary by policy year, but in no years exceed $0.5 million per occurrence.
The deductible for the 2011 and 2012 policy years is $0.5 million per occurrence.
The Company has been named as a defendant in various claims, complaints and other legal actions including construction defect claims on closed homes and other claims and lawsuits incurred in the ordinary course of business, including employment matters, personal injury claims, land development issues, contract disputes and
Fiscal Year Ended September 30, 2011 Compared to Fiscal Year Ended September 30, 2010 The following tables and related discussion set forth key operating and financial data for our homebuilding operations by reporting segment as of and for the fiscal years ended September 30, 2011 and 2010.
## Table 2 ##
Net Sales Orders (1) Fiscal Year Ended September 30
## Table 3 ##
(1) Net sales orders represent the number and dollar value of new sales contracts executed with customers (gross sales orders), net of cancelled sales orders.
(2) Cancellation rate represents the number of cancelled sales orders divided by gross sales orders.
Net Sales Orders The value of net sales orders decreased 7%, to $3,727.6 million (17,421 homes) in 2011 from $4,011.0 million (19,375 homes) in 2010.
The number of net sales orders decreased 10% in fiscal 2011 compared to fiscal 2010.
Sales order volume during the first part of fiscal 2010 benefited from the federal homebuyer tax credit.
During the last half of fiscal 2011, the number and value of our net sales orders were 2% and 8% higher, respectively, than in the last half of fiscal 2010.
In comparing fiscal 2011 to fiscal 2010, the value and volume of net sales orders decreased in most of our market regions, with much of the volume decrease resulting from the expiration of the federal homebuyer tax credit.
The volume decline in our Southwest region also reflected weaker market conditions in all of its markets, combined with a reduction in the number of active communities during fiscal 2011.
Our East and Southeast regions experienced slight increases in net sales orders as a result of operating more communities during fiscal 2011.
Fluctuations in the value of net sales orders were primarily due to the change in the number of homes sold in each respective region and, to a lesser extent, to small fluctuations in the average selling price of those homes.

<table><tr><td>Years Ended December 31,</td><td>2015</td><td>2014</td></tr><tr><td>Net income</td><td>1,422</td><td>1,431</td></tr><tr><td>Interest expense</td><td>273</td><td>255</td></tr><tr><td>Income taxes</td><td>267</td><td>334</td></tr><tr><td>Depreciation of fixed assets</td><td>229</td><td>242</td></tr><tr><td>Amortization of intangible assets</td><td>314</td><td>352</td></tr><tr><td>Total EBITDA</td><td>2,505</td><td>2,614</td></tr><tr><td>Total Debt</td><td>5,737</td><td>5,582</td></tr><tr><td>Total debt-to-EBITDA ratio</td><td>2.3</td><td>2.1</td></tr></table>
<table><tr><td></td><td colspan="2">September 30,</td></tr><tr><td></td><td>2011</td><td>2010</td></tr><tr><td></td><td colspan="2">(In millions)</td></tr><tr><td>Warranty liability, beginning of year</td><td>$46.2</td><td>$59.6</td></tr><tr><td>Warranties issued</td><td>15.8</td><td>19.5</td></tr><tr><td>Changes in liability for pre-existing warranties</td><td>11.5</td><td>-5.0</td></tr><tr><td>Settlements made</td><td>-27.3</td><td>-27.9</td></tr><tr><td>Warranty liability, end of year</td><td>$46.2</td><td>$46.2</td></tr></table>
<table><tr><td></td><td colspan="9">Net Sales Orders -1 Fiscal Year Ended September 30,</td></tr><tr><td></td><td colspan="3">Net Homes Sold</td><td colspan="3">Value (In millions)</td><td colspan="3">Average Selling Price</td></tr><tr><td></td><td>2011</td><td>2010</td><td>%Change</td><td>2011</td><td>2010</td><td>%Change</td><td>2011</td><td>2010</td><td>%Change</td></tr><tr><td>East</td><td>2,066</td><td>2,027</td><td>2%</td><td>$482.6</td><td>$469.0</td><td>3%</td><td>$233,600</td><td>$231,400</td><td>1%</td></tr><tr><td>Midwest</td><td>1,005</td><td>1,045</td><td>-4%</td><td>272.0</td><td>296.0</td><td>-8%</td><td>270,600</td><td>283,300</td><td>-4%</td></tr><tr><td>Southeast</td><td>4,019</td><td>3,892</td><td>3%</td><td>776.1</td><td>728.7</td><td>7%</td><td>193,100</td><td>187,200</td><td>3%</td></tr><tr><td>South Central</td><td>6,169</td><td>7,375</td><td>-16%</td><td>1,092.2</td><td>1,273.4</td><td>-14%</td><td>177,000</td><td>172,700</td><td>2%</td></tr><tr><td>Southwest</td><td>1,284</td><td>1,785</td><td>-28%</td><td>239.6</td><td>315.3</td><td>-24%</td><td>186,600</td><td>176,600</td><td>6%</td></tr><tr><td>West</td><td>2,878</td><td>3,251</td><td>-11%</td><td>865.1</td><td>928.6</td><td>-7%</td><td>300,600</td><td>285,600</td><td>5%</td></tr><tr><td></td><td>17,421</td><td>19,375</td><td>-10%</td><td>$3,727.6</td><td>$4,011.0</td><td>-7%</td><td>$214,000</td><td>$207,000</td><td>3%</td></tr></table>
<table><tr><td></td><td colspan="6">Sales Order Cancellations Fiscal Year Ended September 30,</td></tr><tr><td></td><td colspan="2">Cancelled Sales Orders</td><td colspan="2">Value (In millions)</td><td colspan="2">Cancellation Rate -2</td></tr><tr><td></td><td>2011</td><td>2010</td><td>2011</td><td>2010</td><td>2011</td><td>2010</td></tr><tr><td>East</td><td>689</td><td>581</td><td>$146.7</td><td>$127.2</td><td>25%</td><td>22%</td></tr><tr><td>Midwest</td><td>177</td><td>250</td><td>45.9</td><td>68.7</td><td>15%</td><td>19%</td></tr><tr><td>Southeast</td><td>1,531</td><td>1,409</td><td>275.1</td><td>250.0</td><td>28%</td><td>27%</td></tr><tr><td>South Central</td><td>2,763</td><td>3,076</td><td>470.3</td><td>514.1</td><td>31%</td><td>29%</td></tr><tr><td>Southwest</td><td>639</td><td>677</td><td>109.9</td><td>115.1</td><td>33%</td><td>27%</td></tr><tr><td>West</td><td>769</td><td>789</td><td>233.5</td><td>227.3</td><td>21%</td><td>20%</td></tr><tr><td></td><td>6,568</td><td>6,782</td><td>$1,281.4</td><td>$1,302.4</td><td>27%</td><td>26%</td></tr></table>

Question: what was the percent of the change in the interest expense from 2014 to 2015
Answer: 0.07059