Gain on land sales are derived from sales of undeveloped land owned by us.
We pursue opportunities to dispose of land in markets with a high concentration of undeveloped land and in those markets where the land no longer meets our strategic development plans.
The increase was partially attributable to a land sale to a current corporate tenant for potential future expansion.
We recorded $424,000 and $560,000 of impairment charges associated with contracts to sell land parcels for the years ended December 31, 2004 and 2003, respectively.
As of December 31, 2004, only one parcel on which we recorded impairment charges is still owned by us.
We anticipate selling this parcel in the first quarter of 2005.
Discontinued Operations We have classified operations of 86 buildings as discontinued operations as of December 31, 2004.
These 86 buildings consist of 69 industrial, 12 office and five retail properties.
As a result, we classified net income from operations, net of minority interest, of $1.6 million, $6.3 million and $10.7 million as net income from discontinued operations for the years ended December 31, 2004, 2003 and 2002, respectively.
In addition, 41 of the properties classified in discontinued operations were sold during 2004, 42 properties were sold during 2003, two properties were sold during 2002 and one operating property is classified as held-for-sale at December 31, 2004.
The gains on disposal of these properties, net of impairment adjustment and minority interest, of $23.9 million and $11.8 million for the years ended December 31, 2004 and 2003, respectively, are also reported in discontinued operations.
For the year ended December 31, 2002, a $4.5 million loss on disposal of properties, net of impairment adjustments and minority interest, is reported in discontinued operations due to impairment charges of $7.7 million recorded on three properties in 2002 that were later sold in 2003 and 2004.
Comparison of Year Ended December 31, 2003 to Year Ended December 31, 2002 Rental Income from Continuing Operations Rental income from continuing operations increased from $652.8 million in 2002 to $689.3 million in 2003.
The following table reconciles rental income by reportable segment to our total reported rental income from continuing operations for the years ended December 31, 2003 and 2002 (in thousands):
## Table 0 ##
Although our three reportable segments comprising Rental Operations (office, industrial and retail) are all within the real estate industry, they are not necessarily affected by the same economic and industry conditions.
For example, our retail segment experienced high occupancies and strong overall performance during 2003, while our office and industrial segments reflected the weaker economic environment for those property types.
The primary causes of the increase in rental income from continuing operations, with specific references to a particular segment when applicable, are summarized below: ● During 2003, in-service occupancy improved from 87.1% at the end of 2002 to 89.3% at the end of 2003.
The second half of 2003 was highlighted by a significant increase in the industrial portfolio occupancy of 2.1% along with a slight increase in office portfolio occupancy of 0.9%.
● Lease termination fees totaled $27.4 million in 2002 compared to $16.2 million in 2003.
Most of this decrease was attributable to the office segment, which recognized $21.1 million of termination fees in 2002 as compared to $11.8 million in 2003.
Lease termination fees relate to specific tenants that pay a fee to terminate their lease obligations before the end of the contractual lease term.
The high volume of termination fees in 2002 was reflective of the contraction of the business of large office users during that year and their desire to downsize their use of office space.
The decrease in termination fees for 2003 was indicative of an improving economy and a more stable financial position of our tenants.
● During the year ended 2003, we acquired $232 million of properties totaling 2.1 million square feet.
The acquisitions were primarily Class A office buildings in existing markets with overall occupancy near 90%.
Revenues associated with these acquisitions totaled $11.9 million in 2003.
In addition, revenues from 2002 acquisitions totaled $15.8 million in 2003 compared to $4.8 million in 2002.
This significant increase is primarily due to a large office acquisition that closed at the end of December 2002.
● Developments placed in-service in 2003 provided revenues of $6.6 million, while revenues associated with developments placed in-service in 2002 totaled $13.7 million in 2003 compared to $4.7 million in 2002.
● Proceeds from dispositions of held for rental properties totaled $126.1 million in 2003, compared to $40.9 million in 2002.
These properties generated revenue of $12.5 million in 2003 versus $19.6 million in 2002.
Equity in Earnings of Unconsolidated Companies Equity in earnings represents our ownership share of net income from investments in unconsolidated companies.
These joint ventures generally own and operate rental properties and hold land for development.
These earnings decreased from $27.2 million in 2002 to $23.7 million in 2003.
This decrease is a result of the following significant activity:
Newell Rubbermaid Inc.  2010 Annual Report 18 NEWELL RUBBERMAID 2010 Annual Report > SELECTED FINANCIAL DATA The following is a summary of certain consolidated financial information relating to the Company as of and for the year ended December 31, (in millions, except per share data).
The summary has been derived in part from, and should be read in conjunction with, the Consolidated Financial Statements of the Company included elsewhere in this report and the schedules thereto.
## Table 1 ##
(1) Supplemental data regarding 2010, 2009 and 2008 is provided in Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operations.
(2) Restructuring costs include asset impairment charges, employee severance and termination benefits, employee relocation costs, and costs associated with exited contractual commitments and other restructuring costs.
(3) Loss from discontinued operations, net of tax, attributable to noncontrolling interests was not material.
(4) Working capital is defined as Current Assets less Current Liabilities.
Newell Rubbermaid Inc.  2010 Annual Report Pensions and Other Postretirement Benefits Pension and other postretirement benefit costs and liabilities are dependent on assumptions used in calculating such amounts.
The primary assumptions include factors such as discount rates, health care cost trend rates, expected return on plan assets, mortality rates and rate of compensation increases, as discussed below: ?
Discount rates: The Company generally estimates the discount rate for its pension and other postretirement benefit obligations using an iterative process based on a hypothetical investment in a portfolio of high-quality bonds that approximate the estimated cash flows of the pension and other postretirement benefit obligations.
The Company believes this approach permits a matching of future cash outflows related to benefit payments with future cash inflows associated with bond coupons and maturities.  ?
Health care cost trend rate: The Company’s health care cost trend rate is based on historical retiree cost data, near-term health care outlook, and industry benchmarks and surveys.  ?
Expected return on plan assets: The Company’s expected return on plan assets is derived from reviews of asset allocation strategies and historical and anticipated future long-term performance of individual asset classes.
The Company’s analysis gives consideration to historical returns and long-term, prospective rates of return.  ?
Mortality rates: Mortality rates are based on actual and projected plan experience.  ?
Rate of compensation increase: The rate of compensation increases reflects the Company’s long-term actual experience and its outlook, including consideration of expected rates of inflation.
In accordance with generally accepted accounting principles, actual results that differ from the assumptions are accumulated and amortized over future periods, and therefore, generally affect recognized expense and the recorded obligation in future periods.
While management believes that the assumptions used are appropriate, differences in actual experience or changes in assumptions may affect the Company’s pension and other postretirement plan obligations and future expense.
See Footnote 13 of the Notes to Consolidated Financial Statements for additional information on the assumptions used.
The following tables summarize the Company’s pension and other postretirement plan assets and obligations included in the Consolidated Balance Sheet as of December 31, 2010 (in millions):
## Table 2 ##
The following table summarizes the net pre-tax cost associated with pensions and other postretirement benefit obligations in the Consolidated Statement of Operations for the year ended December 31, (in millions):
## Table 3 ##
The Company used weighted-average discount rates of 5.7% and 5.8% to determine the expenses for 2010 for the pension and postretirement plans, respectively.
The Company used a weighted-average expected return on assets of 7.4% to determine the expense for the pension plans for 2010.
The following table illustrates the sensitivity to a change in certain assumptions for the pension and postretirement plan expenses, holding all other assumptions constant (in millions):
## Table 4 ##
Newell Rubbermaid Inc.  2010 Annual Report the change to a U. S.  Dollar functional currency, monetary assets and liabilities denominated in Bolivar Fuertes generate income or expense for changes in value associated with parallel exchange rate fluctuations against the U. S.  Dollar.
From January 2010 to May 2010, the Company used the parallel market rate to determine the U. S.  Dollar equivalent values of its Venezuelan subsidiary’s transactions and balances.
In May 2010, the Venezuelan government enacted reforms to its foreign currency exchange control regulations to close down the parallel exchange market.
In early June 2010, the Venezuelan government introduced a newly regulated foreign currency exchange system, Transaction System for Foreign Currency Denominated Securities (“SITME”).
Foreign currency exchange through SITME is allowed within a specified band of 4.5 to 5.3 Bolivar Fuerte to U. S.  Dollar, but most of the exchanges have been executed at the rate of 5.3 Bolivar Fuerte to U. S.  Dollar.
The Company began applying the SITME rate of 5.3 Bolivar Fuerte to U. S.  Dollar in May 2010.
The transition to the SITME rate resulted in a foreign exchange gain of $5.6 million, which is recognized in other income for the year ended December 31, 2010.
The Company transitioned to the parallel market rate in December 2009 and has used the parallel market rate and SITME rate in 2010 because of indications that the Venezuelan government is not likely to provide substantial currency exchange at the official rate for companies importing nonessential products, as well as difficulties in obtaining approval for the conversion of local currency to U. S.  Dollars at the official exchange rate (for imported products, royalties and distributions).
The Company’s Venezuelan subsidiary had approximately $29.5 million of net monetary assets denominated in Bolivar Fuertes as of December 31, 2010, which are subject to changes in value based on changes in the SITME rate.
Using predominantly the official rate for translation in 2009, the company’s Venezuelan operations generated net sales of approximately $65.0 million and operating income of approximately $25.0 million in 2009.
Net sales and operating income in 2010 declined approximately $49.0 million and $16.0 million, respectively, compared to 2009 due solely to the change in the exchange rate used to convert the Company’s Venezuela results to U. S.  Dollars from predominately the official exchange rate in 2009 to the parallel market rate and SITME rate in 2010.
Income Taxes The Company accounts for deferred income taxes using the asset and liability approach.
Under this approach, deferred income taxes are recognized based on the tax effects of temporary differences between the financial statement and tax bases of assets and liabilities, as measured by current enacted tax rates.
Valuation allowances are recorded to reduce the deferred tax assets to an amount that will more likely than not be realized.
No provision is made for the U. S.  income taxes on the undistributed earnings of non-U.
S.  subsidiaries that are considered to be permanently invested.
The Company’s income tax provisions are based on calculations and assumptions that are subject to examination by the Internal Revenue Service and other tax authorities.
Although the Company believes that the positions taken on previously filed tax returns are reasonable, it has established tax and interest reserves in recognition that various taxing authorities may challenge the positions taken, which could result in additional liabilities for taxes and interest.
The Company regularly reviews its deferred tax assets for recoverability considering historical profitability, projected future taxable income, the expected timing of the reversals of existing temporary differences and tax planning strategies.
The authoritative guidance requires application of a “more likely than not” threshold to the recognition and derecognition of tax positions.
The Company’s ongoing assessments of the more likely than not outcomes of tax authority examinations and related tax positions require significant judgment and can increase or decrease the Company’s effective tax rate, as well as impact operating results.
Stock-Based Compensation Stock-based compensation expense is adjusted for estimated forfeitures and is recognized on a straight-line basis over the requisite service period of the award, which is generally three to five years for stock options and three years for restricted stock, restricted stock units and performance share awards.
The Company estimates future forfeiture rates based on its historical experience.
See Footnote 15 for additional information.
Accumulated Other Comprehensive Loss Accumulated other comprehensive loss is recorded within stockholders’ equity and encompasses foreign currency translation adjustments, gains (losses) on derivative instruments and unrecognized pension and other postretirement costs.
The following table displays the components of accumulated other comprehensive loss as of and for the year ended December 31, 2010 (in millions):

<table><tr><td></td><td>2003</td><td>2002</td></tr><tr><td>Office</td><td>$419,962</td><td>$393,810</td></tr><tr><td>Industrial</td><td>259,762</td><td>250,391</td></tr><tr><td>Retail</td><td>5,863</td><td>4,733</td></tr><tr><td>Other</td><td>3,756</td><td>3,893</td></tr><tr><td>Total</td><td>$689,343</td><td>$652,827</td></tr></table>
<table><tr><td></td><td>2010-1</td><td> 2009-1</td><td>2008-1</td><td>2007</td><td> 2006</td></tr><tr><td>STATEMENTS OF OPERATIONS DATA</td><td></td><td colspan="4"></td></tr><tr><td>Net sales</td><td>$5,759.2</td><td>$5,577.6</td><td>$6,470.6</td><td>$6,407.3</td><td>$6,201.0</td></tr><tr><td>Cost of products sold</td><td>3,588.4</td><td>3,528.1</td><td>4,347.4</td><td>4,150.1</td><td>4,131.0</td></tr><tr><td>Gross margin</td><td>2,170.8</td><td>2,049.5</td><td>2,123.2</td><td>2,257.2</td><td>2,070.0</td></tr><tr><td>Selling, general and administrative expenses</td><td>1,463.4</td><td>1,374.6</td><td>1,502.7</td><td>1,430.9</td><td>1,347.0</td></tr><tr><td>Impairment charges</td><td>—</td><td>—</td><td>299.4</td><td>—</td><td>—</td></tr><tr><td>Restructuring costs -2</td><td>77.5</td><td>100.0</td><td>120.3</td><td>86.0</td><td>66.4</td></tr><tr><td>Operating income</td><td>629.9</td><td>574.9</td><td>200.8</td><td>740.3</td><td>656.6</td></tr><tr><td>Nonoperating expenses:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest expense, net</td><td>118.4</td><td>140.0</td><td>137.9</td><td>104.1</td><td>132.0</td></tr><tr><td>Losses related to extinguishments of debt</td><td>218.6</td><td>4.7</td><td>52.2</td><td>—</td><td>—</td></tr><tr><td>Other (income) expense, net</td><td>-7.4</td><td>2.0</td><td>6.9</td><td>4.2</td><td>6.1</td></tr><tr><td>Net nonoperating expenses</td><td>329.6</td><td>146.7</td><td>197.0</td><td>108.3</td><td>138.1</td></tr><tr><td>Income before income taxes</td><td>300.3</td><td>428.2</td><td>3.8</td><td>632.0</td><td>518.5</td></tr><tr><td>Income taxes</td><td>7.5</td><td>142.7</td><td>53.6</td><td>149.7</td><td>44.2</td></tr><tr><td>Income (loss) from continuing operations</td><td>292.8</td><td>285.5</td><td>-49.8</td><td>482.3</td><td>474.3</td></tr><tr><td>Loss from discontinued operations, net of tax -3</td><td>—</td><td>—</td><td>-0.5</td><td>-12.1</td><td>-85.7</td></tr><tr><td>Net income (loss)</td><td>292.8</td><td>285.5</td><td>-50.3</td><td>470.2</td><td>388.6</td></tr><tr><td>Net income noncontrolling interests</td><td>—</td><td>—</td><td>2.0</td><td>3.1</td><td>3.6</td></tr><tr><td>Net income (loss) controlling interests</td><td>$292.8</td><td>$285.5</td><td>$-52.3</td><td>$467.1</td><td>$385.0</td></tr><tr><td>Weighted-average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>282.4</td><td>280.8</td><td>279.9</td><td>278.6</td><td>276.7</td></tr><tr><td>Diluted</td><td>305.4</td><td>294.4</td><td>279.9</td><td>287.6</td><td>276.8</td></tr><tr><td>Earnings (loss) per share:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income (loss) from continuing operations</td><td>$1.04</td><td>$1.02</td><td>$-0.18</td><td>$1.72</td><td>$1.70</td></tr><tr><td>Loss from discontinued operations</td><td>—</td><td>—</td><td>—</td><td>-0.04</td><td>-0.31</td></tr><tr><td>Net income (loss) controlling interests</td><td>$1.04</td><td>$1.02</td><td>$-0.18</td><td>$1.68</td><td>$1.39</td></tr><tr><td>Diluted:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Income (loss) from continuing operations</td><td>$0.96</td><td>$0.97</td><td>$-0.18</td><td>$1.72</td><td>$1.70</td></tr><tr><td>Loss from discontinued operations</td><td>—</td><td>—</td><td>—</td><td>-0.04</td><td>-0.31</td></tr><tr><td>Net income (loss) controlling interests</td><td>$0.96</td><td>$0.97</td><td>$-0.18</td><td>$1.67</td><td>$1.39</td></tr><tr><td>Dividends</td><td>$0.20</td><td>$0.26</td><td>$0.84</td><td>$0.84</td><td>$0.84</td></tr><tr><td>BALANCE SHEET DATA</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Inventories, net</td><td>$701.6</td><td>$688.2</td><td>$912.1</td><td>$940.4</td><td>$850.6</td></tr><tr><td>Working capital -4</td><td>466.1</td><td>422.6</td><td>159.7</td><td>87.9</td><td>580.3</td></tr><tr><td>Total assets</td><td>6,405.3</td><td>6,423.9</td><td>6,792.5</td><td>6,682.9</td><td>6,310.5</td></tr><tr><td>Short-term debt, including current portion of long-term debt</td><td>305.0</td><td>493.5</td><td>761.0</td><td>987.5</td><td>277.5</td></tr><tr><td>Long-term debt, net of current portion</td><td>2,063.9</td><td>2,015.3</td><td>2,118.3</td><td>1,197.4</td><td>1,972.3</td></tr><tr><td>Total stockholders’ equity</td><td>$1,905.5</td><td>$1,782.2</td><td>$1,588.6</td><td>$2,222.1</td><td>$1,867.6</td></tr></table>
<table><tr><td></td><td>U.S.</td><td> International</td></tr><tr><td><i>Pension plan assets and obligations, net:</i></td><td></td><td></td></tr><tr><td>Prepaid benefit cost</td><td>$—</td><td>$19.4</td></tr><tr><td>Accrued current benefit cost</td><td>-7.7</td><td>-4.0</td></tr><tr><td>Accrued noncurrent benefit cost</td><td>-326.9</td><td>-71.6</td></tr><tr><td>Net liability recognized in the Consolidated Balance Sheet</td><td>$-334.6</td><td>$-56.2</td></tr><tr><td></td><td></td><td> U.S.</td></tr><tr><td><i>Other postretirement benefit obligations:</i></td><td></td><td></td></tr><tr><td>Accrued current benefit cost</td><td></td><td>$-15.1</td></tr><tr><td>Accrued noncurrent benefit cost</td><td></td><td>-151.4</td></tr><tr><td>Liability recognized in the Consolidated Balance Sheet</td><td></td><td>$-166.5</td></tr></table>
<table><tr><td></td><td> 2010</td><td> 2009</td><td> 2008</td></tr><tr><td>Net pension cost</td><td>$21.5</td><td>$18.1</td><td>$18.3</td></tr><tr><td>Net postretirement benefit costs</td><td>9.2</td><td>8.7</td><td>8.8</td></tr><tr><td>Total</td><td>$30.7</td><td>$26.8</td><td>$27.1</td></tr></table>
<table><tr><td></td><td> Impact on 2010 Expense</td></tr><tr><td>25 basis point decrease in discount rate</td><td>+$0.9</td></tr><tr><td>25 basis point increase in discount rate</td><td>-$0.9</td></tr><tr><td>25 basis point decrease in expected return on assets</td><td>+$2.8</td></tr><tr><td>25 basis point increase in expected return on assets</td><td>-$2.8</td></tr></table>

Question: What was the average value of Net income (loss), Net income noncontrolling interests, Loss from discontinued operations, net of tax -3 in 2008
Answer: -16.26667