ITEM 7A.
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK The company is exposed to risk that its earnings, cash flows and equity could be adversely impacted by changes in foreign exchange rates and interest rates.
Certain derivative instruments are used when available on a cost-effective basis to hedge the company’s underlying economic exposures.
Refer to Note 8 for further information regarding the company’s financial instruments and hedging strategies.
Foreign Currency Risk AbbVie’s primary net foreign currency translation exposures are the euro, British pound, Japanese yen and Canadian dollar.
Various AbbVie foreign subsidiaries enter into foreign currency forward exchange contracts to manage exposures to changes in foreign exchange rates for anticipated intercompany transactions denominated in a currency other than the functional currency of the local entity.
These contracts are designated as cash flow hedges of the variability of the cash flows due to changes in foreign currency exchange rates and are marked-to-market with the resulting gains or losses reflected in accumulated other comprehensive income (loss).
Deferred gains or losses on these contracts are included in cost of products sold at the time the products are sold to a third party, generally within twelve months.
At December 31, 2012 and 2011, AbbVie held $1.0 billion and $249 million, respectively, of such contracts, which all mature in the following calendar year.
AbbVie enters into foreign currency forward exchange contracts to manage its exposure to foreign currency denominated trade payables and receivables.
The contracts, which are not designated as hedges, are marked-to-market, and resulting gains or losses are reflected in income and are generally offset by losses or gains on the foreign currency exposure being managed.
At December 31, 2012 and 2011, AbbVie held $4.3 billion and $3.0 billion, respectively, of such foreign currency forward exchange contracts.
The following table reflects the total foreign currency forward contracts outstanding at December 31.
## Table 0 ##
The company estimates that a 10 percent appreciation in the underlying currencies being hedged from their levels against the U. S.  dollar, with all other variables held constant, would decrease the fair value of foreign exchange forward contracts by $526 million at December 31, 2012.
If realized, this appreciation would negatively affect earnings over the remaining life of the contacts.
A 10 percent appreciation is believed to be a reasonably possible near-term change in foreign currencies.
Currency restrictions enacted in Venezuela require AbbVie to obtain approval from the Venezuelan government to exchange Venezuelan bolivars for U. S.  dollars and require such exchange to be made at the official exchange rate established by the government.
Effective February 8, 2013, the Venezuelan
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (COMBINED FOR CON EDISON AND CON EDISON OF NEW YORK)–CONTINUED Year Ended December 31, 2005 Compared with Year Ended December 31, 2004 The Companies’ results of operations (which were discussed above under “Results of Operations—Summary”) in 2005 compared with 2004 were:
## Table 1 ##
* Represents the consolidated financial results of Con Edison and its businesses.
** Includes inter-company and parent company accounting.
## Table 2 ##
KIMCO REALTY CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, continued The Units consisted of (i) approximately 81.8 million Preferred A Units par value $1.00 per unit, which pay the holder a return of 7.0% per annum on the Preferred A Par Value and are redeemable for cash by the holder at any time after one year or callable by the Company any time after six months and contain a promote feature based upon an increase in net operating income of the properties capped at a 10.0% increase, (ii) 2,000 Class A Preferred Units, par value $10,000 per unit, which pay the holder a return equal to LIBOR plus 2.0% per annum on the Class A Preferred Par Value and are redeemable for cash by the holder at any time after November 30, 2010, (iii) 2,627 Class B-1 Preferred Units, par value $10,000 per unit, which pay the holder a return equal to 7.0% per annum on the Class B-1 Preferred Par Value and are redeemable by the holder at any time after November 30, 2010, for cash or at the Company’s option, shares of the Company’s common stock, equal to the Cash Redemption Amount, as defined, (iv) 5,673 Class B-2 Preferred Units, par value $10,000 per unit, which pay the holder a return equal to 7.0% per annum on the Class B-2 Preferred Par Value and are redeemable for cash by the holder at any time after November 30, 2010, and (v) 640,001 Class C DownReit Units, valued at an issuance price of $30.52 per unit which pay the holder a return at a rate equal to the Company’s common stock dividend and are redeemable by the holder at any time after November 30, 2010, for cash or at the Company’s option, shares of the Company’s common stock equal to the Class C Cash Amount, as defined.
The following units have been redeemed as of December 31, 2010:
## Table 3 ##
Noncontrolling interest relating to the remaining units was $110.4 million and $113.1 million as of December 31, 2010 and 2009, respectively.
During 2006, the Company acquired two shopping center properties located in Bay Shore and Centereach, NY.
Included in Noncontrolling interests was approximately $41.6 million, including a discount of $0.3 million and a fair market value adjustment of $3.8 million, in redeemable units (the “Redeemable Units”), issued by the Company in connection with these transactions.
The properties were acquired through the issuance of $24.2 million of Redeemable Units, which are redeemable at the option of the holder; approximately $14.0 million of fixed rate Redeemable Units and the assumption of approximately $23.4 million of non-recourse debt.
The Redeemable Units consist of (i) 13,963 Class A Units, par value $1,000 per unit, which pay the holder a return of 5% per annum of the Class A par value and are redeemable for cash by the holder at any time after April 3, 2011, or callable by the Company any time after April 3, 2016, and (ii) 647,758 Class B Units, valued at an issuance price of $37.24 per unit, which pay the holder a return at a rate equal to the Company’s common stock dividend and are redeemable by the holder at any time after April 3, 2007, for cash or at the option of the Company for Common Stock at a ratio of 1:1, or callable by the Company any time after April 3, 2026.
The Company is restricted from disposing of these assets, other than through a tax free transaction, until April 2016 and April 2026 for the Centereach, NY, and Bay Shore, NY, assets, respectively.
During 2007, 30,000 units, or $1.1 million par value, of theClass BUnits were redeemed by the holder in cash at the option of the Company.
Noncontrolling interest relating to the units was $40.4 million and $40.3 million as of December 31, 2010 and 2009, respectively.
Noncontrolling interests also includes 138,015 convertible units issued during 2006, by the Company, which were valued at approximately $5.3 million, including a fair market value adjustment of $0.3 million, related to an interest acquired in an office building located in Albany, NY.
These units are redeemable at the option of the holder after one year for cash or at the option of the Company for the Company’s common stock at a ratio of 1:1.
The holder is entitled to a distribution equal to the dividend rate of the Company’s common stock.
The Company is restricted from disposing of these assets, other than through a tax free transaction, until January 2017.
Amortization of Intangible Assets and Deferred Stock Compensation.
Amortization of intangible assets and deferred stock compensation includes the amortization of the contract rights intangible associated with certain executory contracts, core/developed technology, trademarks, trade names, customer relationships, covenants not to compete and other intangibles acquired in business combinations completed during fiscal 2003, 2004 and 2005.
We amortize intangible assets on a straight-line basis over their useful lives, which range from three to ten years.
Deferred stock compensation represents the intrinsic value of unvested stock options assumed in connection with prior year acquisitions.
We amortize deferred stock compensation on a straight-line basis over the options’ remaining vesting period of one to four years.
Generally, amortization of deferred stock compensation will decrease over time as the assumed stock options vest, although employee terminations affect the exact timing and amount of future amortization of deferred stock compensation.
Amortization expense for these assets is included in the consolidated statements of operations as follows:

<table><tr><td></td><td colspan="3">2012</td><td colspan="3">2011</td></tr><tr><td>(in millions)</td><td>Contractamount</td><td>Weightedaverageexchangerate</td><td>Fair and carrying value receivable/ (payable)</td><td>Contractamount</td><td>Weightedaverageexchangerate</td><td>Fair and carrying value receivable/ (payable)</td></tr><tr><td>Receive primarily U.S. dollars in exchange for the following currencies:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Euro</td><td>$3,649</td><td>1.315</td><td>$-10</td><td>$1,656</td><td>1.329</td><td>$-2</td></tr><tr><td>British pound</td><td>91</td><td>1.612</td><td>—</td><td>143</td><td>1.571</td><td>—</td></tr><tr><td>Japanese yen</td><td>323</td><td>84.4</td><td>5</td><td>578</td><td>80.3</td><td>-15</td></tr><tr><td>Canadian dollar</td><td>154</td><td>0.992</td><td>—</td><td>50</td><td>1.026</td><td>—</td></tr><tr><td>All other currencies</td><td>1,045</td><td>N/A</td><td>-5</td><td>794</td><td>N/A</td><td>13</td></tr><tr><td>Total</td><td>$5,262</td><td></td><td>$-10</td><td>$3,221</td><td></td><td>$-4</td></tr></table>
<table><tr><td></td><td colspan="2">Con Edison*</td><td colspan="2">Con Edison of New York</td><td colspan="2">O&R</td><td colspan="2">Competitive Businesses and Other**</td></tr><tr><td> (Millions of Dollars)</td><td>Increases (Decreases) Amount</td><td>Increases (Decreases) Percent</td><td>Increases (Decreases) Amount</td><td>Increases (Decreases) Percent</td><td>Increases (Decreases) Amount</td><td>Increases (Decreases) Percent</td><td>Increases (Decreases) Amount</td><td>Increases (Decreases) Percent</td></tr><tr><td>Operating revenues</td><td>$1,932</td><td>19.8%</td><td>$1,266</td><td>15.8%</td><td>$121</td><td>17.2%</td><td>$545</td><td>52.0%</td></tr><tr><td>Purchased power</td><td>783</td><td>19.8</td><td>303</td><td>9.9</td><td>74</td><td>30.1</td><td>406</td><td>62.5</td></tr><tr><td>Fuel</td><td>219</td><td>36.7</td><td>122</td><td>30.2</td><td>-</td><td>-</td><td>97</td><td>50.3</td></tr><tr><td>Gas purchased for resale</td><td>303</td><td>35.6</td><td>256</td><td>36.1</td><td>23</td><td>19.2</td><td>24</td><td>Large</td></tr><tr><td>Operating revenues less purchased power, fuel and gas purchased for resale (net revenues)</td><td>627</td><td>14.4</td><td>585</td><td>15.3</td><td>24</td><td>7.1</td><td>18</td><td>9.8</td></tr><tr><td>Other operations and maintenance</td><td>190</td><td>12.7</td><td>187</td><td>15.2</td><td>3</td><td>1.7</td><td>-</td><td>-</td></tr><tr><td>Depreciation and amortization</td><td>33</td><td>6.0</td><td>32</td><td>6.7</td><td>1</td><td>3.0</td><td>-</td><td>-</td></tr><tr><td>Taxes, other than income taxes</td><td>105</td><td>9.7</td><td>101</td><td>10.0</td><td>-1</td><td>-2.1</td><td>5</td><td>26.3</td></tr><tr><td>Income taxes</td><td>72</td><td>24.7</td><td>49</td><td>17.5</td><td>14</td><td>82.4</td><td>9</td><td>Large</td></tr><tr><td>Operating income</td><td>227</td><td>24.4</td><td>216</td><td>26.2</td><td>7</td><td>10.8</td><td>4</td><td>9.8</td></tr><tr><td>Other income less deductions and related federal income tax</td><td>-24</td><td>-38.7</td><td>-25</td><td>-47.2</td><td>-</td><td>-</td><td>1</td><td>5.3</td></tr><tr><td>Net interest charges</td><td>20</td><td>4.5</td><td>15</td><td>4.3</td><td>4</td><td>20.0</td><td>1</td><td>1.3</td></tr><tr><td>Income from continuing operations</td><td>183</td><td>33.3</td><td>176</td><td>34.0</td><td>3</td><td>6.5</td><td>4</td><td>26.7</td></tr><tr><td>Discontinued operations</td><td>-1</td><td>-8.3</td><td>N/A</td><td>N/A</td><td>N/A</td><td>N/A</td><td>-1</td><td>-8.3</td></tr><tr><td>Net income</td><td>$182</td><td>33.9%</td><td>$176</td><td>34.0%</td><td>$3</td><td>6.5%</td><td>$3</td><td>11.1%</td></tr></table>
<table><tr><td></td><td colspan="2"> Millions of kWhs Twelve Months Ended</td><td></td><td rowspan="2">Percent Variation</td></tr><tr><td> Description</td><td> December 31, 2005</td><td> December 31, 2004</td><td>Variation</td></tr><tr><td>Residential/Religious</td><td>13,690</td><td>12,673</td><td>1,017</td><td>8.0%</td></tr><tr><td>Commercial/Industrial</td><td>15,402</td><td>16,966</td><td>-1,564</td><td>-9.2</td></tr><tr><td>Other</td><td>252</td><td>229</td><td>23</td><td>10.0</td></tr><tr><td> Total Full Service Customers</td><td> 29,344</td><td> 29,868</td><td>-524</td><td>-1.8</td></tr><tr><td>Retail access customers</td><td>16,848</td><td>14,143</td><td>2,705</td><td>19.1</td></tr><tr><td> Sub-total</td><td> 46,192</td><td> 44,011</td><td>2,181</td><td>5.0</td></tr><tr><td>NYPA, Municipal Agency and Other Sales</td><td>11,144</td><td>10,730</td><td>414</td><td>3.9</td></tr><tr><td> Total Service Area</td><td> 57,336</td><td> 54,741</td><td>2,595</td><td>4.7%</td></tr></table>
<table><tr><td>Type</td><td>Units Redeemed</td><td>Par Value Redeemed (in millions)</td><td>Redemption Type</td></tr><tr><td>Preferred A Units</td><td>2,200,000</td><td>$2.2</td><td>Cash</td></tr><tr><td>Class A Preferred Units</td><td>2,000</td><td>$20.0</td><td>Cash</td></tr><tr><td>Class B-1 Preferred Units</td><td>2,438</td><td>$24.4</td><td>Cash</td></tr><tr><td>Class B-2 Preferred Units</td><td>5,576</td><td>$55.8</td><td>Cash/Charitable Contribution</td></tr><tr><td>Class C DownReit Units</td><td>61,804</td><td>$1.9</td><td>Cash</td></tr></table>

Question: What is the average amount of Class C DownReit Units of Units Redeemed 2,200,000 2,000, and Euro of 2011 Contractamount ?
Answer: 31730.0