Item 2: Properties Information concerning Applied’s properties is set forth below:
## Table 0 ##
Because of the interrelation of Applied’s operations, properties within a country may be shared by the segments operating within that country.
The Company’s headquarters offices are in Santa Clara, California.
Products in Semiconductor Systems are manufactured in Santa Clara, California; Austin, Texas; Gloucester, Massachusetts; Kalispell, Montana; Rehovot, Israel; and Singapore.
Remanufactured equipment products in the Applied Global Services segment are produced primarily in Austin, Texas.
Products in the Display and Adjacent Markets segment are manufactured in Alzenau, Germany; and Tainan, Taiwan.
Other products are manufactured in Treviso, Italy.
Applied also owns and leases offices, plants and warehouse locations in many locations throughout the world, including in Europe, Japan, North America (principally the United States), Israel, China, India, Korea, Southeast Asia and Taiwan.
These facilities are principally used for manufacturing; research, development and engineering; and marketing, sales and customer support.
Applied also owns a total of approximately 269 acres of buildable land in Montana, Texas, California, Israel and Italy that could accommodate additional building space.
Applied considers the properties that it owns or leases as adequate to meet its current and future requirements.
Applied regularly assesses the size, capability and location of its global infrastructure and periodically makes adjustments based on these assessments.
General and administrative expense, which excludes integration charges, decreased $42 million, or 3%, to $1.2 billion for the year ended December 31, 2012 compared to $1.3 billion for the prior year primarily due to continued expense controls, partially offset by an increase of approximately $19 million related to higher performance fee-related compensation.
Annuities Our Annuities segment provides variable and fixed annuity products of RiverSource Life companies to individual clients.
We provide our variable annuity products through our advisors, and fixed annuity products are provided through both affiliated and unaffiliated advisors and financial institutions.
Revenues for our variable annuity products are primarily earned as fees based on underlying account balances, which are impacted by both market movements and net asset flows.
Revenues for our fixed annuity products are primarily earned as net investment income on assets supporting fixed account balances, with profitability significantly impacted by the spread between net investment income earned and interest credited on the fixed account balances.
We also earn net investment income on owned assets supporting reserves for immediate annuities and for certain guaranteed benefits offered with variable annuities and on capital supporting the business.
Intersegment revenues for this segment reflect fees paid by our Asset Management segment for marketing support and other services provided in connection with the availability of variable insurance trust funds (‘‘VIT Funds’’) under the variable annuity contracts.
Intersegment expenses for this segment include distribution expenses for services provided by our Advice & Wealth Management segment, as well as expenses for investment management services provided by our Asset Management segment.
The following table presents the results of operations of our Annuities segment on an operating basis:
## Table 1 ##
NM Not Meaningful.
Our Annuities segment pretax operating income, which excludes net realized gains or losses and the market impact on variable annuity guaranteed living benefits (net of hedges and the related DSIC and DAC amortization), decreased $58 million, or 9%, to $567 million for the year ended December 31, 2012 compared to $625 million for the prior year primarily due to a decline in net investment income and an unfavorable impact from unlocking and model changes, partially offset by the market impact on DAC and DSIC, lower interest credited to fixed accounts and higher fee revenues.
Results for 2011 included $34 million of additional bond discount accretion investment income related to prior periods resulting from revisions to the accounting classification of certain structured securities, net of DAC and DSIC amortization.
The impact of unlocking and model changes was a decrease to pretax operating income of $11 million in 2012 compared to an increase of $1 million in the prior year.
The impact of unlocking and model changes for 2012 included a $43 million benefit, net of DAC and DSIC amortization, from an adjustment to the model which values the reserves related to living benefit guarantees primarily attributable to prior periods.
This revision aligns the model to more accurately reflect best estimate assumptions for living benefit utilization going forward.
The market impact on DAC and DSIC was a benefit of $29 million in 2012 compared to an expense of $10 million in the prior year.
RiverSource variable annuity account balances increased 9% to $68.1 billion at December 31, 2012 compared to the prior year driven by market appreciation.
Variable annuity net outflows of $457 million in 2012 reflected the closed book
Note 5.
Long-Term Obligations Long-Term Obligations consist of the following (in thousands):
## Table 2 ##
The scheduled maturities of long-term obligations outstanding at December 31, 2012 are as follows (in thousands):

<table><tr><td>(Square feet in thousands)</td><td>United States</td><td>Other Countries</td><td>Total</td></tr><tr><td>Owned</td><td>3,964</td><td>1,652</td><td>5,616</td></tr><tr><td>Leased</td><td>845</td><td>1,153</td><td>1,998</td></tr><tr><td>Total</td><td>4,809</td><td>2,805</td><td>7,614</td></tr></table>
<table><tr><td> </td><td colspan="2"> Years Ended December 31,</td><td></td><td></td></tr><tr><td> </td><td> 2012</td><td> 2011</td><td colspan="2">Change</td></tr><tr><td> </td><td colspan="4">(in millions)</td></tr><tr><td> Revenues</td><td></td><td></td><td></td><td></td></tr><tr><td>Management and financial advice fees</td><td>$648</td><td>$622</td><td>$26</td><td>4%</td></tr><tr><td>Distribution fees</td><td>317</td><td>312</td><td>5</td><td>2</td></tr><tr><td>Net investment income</td><td>1,132</td><td>1,279</td><td>-147</td><td>-11</td></tr><tr><td>Premiums</td><td>118</td><td>161</td><td>-43</td><td>-27</td></tr><tr><td>Other revenues</td><td>309</td><td>256</td><td>53</td><td>21</td></tr><tr><td>Total revenues</td><td>2,524</td><td>2,630</td><td>-106</td><td>-4</td></tr><tr><td>Banking and deposit interest expense</td><td>—</td><td>—</td><td>—</td><td>—</td></tr><tr><td>Total net revenues</td><td>2,524</td><td>2,630</td><td>-106</td><td>-4</td></tr><tr><td> Expenses</td><td></td><td></td><td></td><td></td></tr><tr><td>Distribution expenses</td><td>395</td><td>400</td><td>-5</td><td>-1</td></tr><tr><td>Interest credited to fixed accounts</td><td>688</td><td>714</td><td>-26</td><td>-4</td></tr><tr><td>Benefits, claims, losses and settlement expenses</td><td>419</td><td>405</td><td>14</td><td>3</td></tr><tr><td>Amortization of deferred acquisition costs</td><td>229</td><td>264</td><td>-35</td><td>-13</td></tr><tr><td>Interest and debt expense</td><td>2</td><td>1</td><td>1</td><td>NM</td></tr><tr><td>General and administrative expense</td><td>224</td><td>221</td><td>3</td><td>1</td></tr><tr><td>Total expenses</td><td>1,957</td><td>2,005</td><td>-48</td><td>-2</td></tr><tr><td>Operating earnings</td><td>$567</td><td>$625</td><td>$-58</td><td>-9%</td></tr></table>
<table><tr><td></td><td colspan="2">December 31,</td></tr><tr><td></td><td>2012</td><td>2011</td></tr><tr><td>Senior secured credit agreement:</td><td></td><td></td></tr><tr><td>Term loans payable</td><td>$420,625</td><td>$240,625</td></tr><tr><td>Revolving credit facility</td><td>553,964</td><td>660,730</td></tr><tr><td>Receivables securitization facility</td><td>80,000</td><td>—</td></tr><tr><td>Notes payable through October 2018 at weighted average interest rates of 1.7% and 2.0%, respectively</td><td>42,398</td><td>38,338</td></tr><tr><td>Other long-term debt at weighted average interest rates of 3.3% and 3.2%, respectively</td><td>21,491</td><td>16,383</td></tr><tr><td></td><td>1,118,478</td><td>956,076</td></tr><tr><td>Less current maturities</td><td>-71,716</td><td>-29,524</td></tr><tr><td></td><td>$1,046,762</td><td>$926,552</td></tr></table>

Question: what portion of the company's property is located in united states?
Answer: 0.73759