6.
Debt The following is a summary of outstanding debt (in millions):
## Table 0 ##
Revolving Credit Facilities As of December 31, 2015, Aon plc had two committed credit facilities outstanding: its $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 6.
Debt The following is a summary of outstanding debt (in millions):
Revolving Credit Facilities As of December 31, 2015, Aon plc had two committed credit facilities outstanding: its $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.
Effective February 2, 2016, the 2020 Facility terms were extended for 1 year and will expire in February 2021.
Each of these facilities included customary representations, warranties and covenants, including financial covenants that require Aon plc to maintain specified ratios of adjusted consolidated EBITDA to consolidated interest expense and consolidated debt to adjusted consolidated EBITDA, in each case, tested quarterly.
At December 31, 2015, Aon plc did not have borrowings under either the 2017 Facility or the 2020 Facility, and was in compliance with these financial covenants and all other covenants contained therein during the twelve months ended December 31, 2015.
Notes On November 13, 2015, Aon plc issued $400 million of 2.80% Senior Notes due March 2021.
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 May 20, 2015, the Aon plc issued $600 million of 4.750% Senior Notes due May 2045.
The Company used the proceeds of the issuance for general corporate purposes.
On August 12, 2014, Aon plc issued $350 million of 3.50% Senior Notes due June 2024.
The 3.50% Notes due 2024 constitute a further issuance of, and were consolidated to form a single series of debt securities with, the $250 million of 3.50% Notes due June 2024 that was issued by Aon plc on May 20, 2014 concurrently with Aon plc's issuance of $550 million of 4.60% Notes due June 2044.
Aon plc used the proceeds from these issuances for working capital and general corporate purposes.
A summary of our purchases of H&R Block common stock during the fourth quarter of fiscal year 2009 is as follows:
## Table 1 ##
(1) Of the shares listed above, approximately six thousand shares were purchased in connection with funding employee income tax withholding obligations arising upon the exercise of stock options or the lapse of restrictions on restricted shares.
(2) In June 2008, our Board of Directors rescinded the previous authorizations to repurchase shares of our common stock, and approved an authorization to purchase up to $2.0 billion of our common stock through June 2012.
PERFORMANCE GRAPH – The following graph compares the cumulative five-year total return provided shareholders on H&R Block, Inc. ’s common stock relative to the cumulative total returns of the S&P 500 index and the S&P Diversified Commercial & Professional Services index.
An investment of $100, with reinvestment of all dividends, is assumed to have been made in our common stock and in each of the indexes on April 30, 2004, and its relative performance is tracked through April 30, 2009.
## Table 2 ##
ITEM 6.
SELECTED FINANCIAL DATA We derived the selected consolidated financial data presented below as of and for each of the five years in the period ended April 30, 2009, from our audited consolidated financial statements.
At April 30, 2009, HRBFA and its direct corporate parent are presented as discontinued operations in the consolidated financial statements.
All periods presented have been reclassified to reflect our discontinued operations.
The data set forth below should be read in conjunction with Item 7 and our consolidated financial statements in Item 8.
Pretax income for the year ended April 30, 2009 of $96.1 million compares to $88.8 million in the prior year.
Pretax margin for the segment increased from 9.4% in fiscal year 2008, to 10.7% in fiscal year 2009, below our stated goal to achieve a 12.0% pretax margin primarily due to poor results in our capital markets business and lower than expected revenue growth in our core businesses.
FISCAL 2008 COMPARED TO FISCAL 2007 – Business Services’ revenues for fiscal year 2008 increased $9.3 million, or 1.0%, over fiscal year 2007.
Tax services revenues increased $33.7 million, or 8.2% and business consulting revenues increased $31.6 million, or 15.4%, over fiscal year 2007.
These increases resulted primarily from both an increase in the number of client service professionals as well as an improvement in productivity per professional.
Capital markets revenues increased $2.3 million, primarily due to a $12.6 million increase in underwriting revenues due to a 37.4% increase in revenue per transaction.
Valuation and seminar revenues declined $10.4 million due to a 70.3% decline in the number of business valuation projects as a result of the wind-down of this service line.
Leased employee revenue decreased due to the change in organizational structure with AmexTBS as discussed above, which resulted in a reduction of $58.1 million to fiscal year 2008 revenues, and a similar reduction in compensation and benefits.
Total expenses decreased $21.8 million, or 2.5%, for fiscal year 2008 compared to 2007.
Compensation and benefits decreased due to the change in organizational structure with AmexTBS as discussed above, which was almost entirely offset by additional compensation resulting from increases in the number of personnel and the average wage per employee.
Selling, general and administrative expenses decreased $20.4 million, or 11.2%, primarily due to decreases in external consulting and legal fees.
During fiscal year 2007, additional consulting fees were incurred related to our marketing initiatives, and additional legal expenses were incurred related to international acquisitions that were ultimately not completed.
Pretax income for the year ended April 30, 2008 of $88.8 million compares to $57.7 million in fiscal year 2007.
CONSUMER FINANCIAL SERVICES This segment is engaged in providing retail banking offerings primarily to Tax Services clients through HRB Bank.
HRB Bank offers traditional banking services including prepaid debit card accounts, Emerald Advance lines of credit, checking and savings accounts, individual retirement accounts and certificates of deposit.
This segment previously included HRBFA, which has been presented as a discontinued operation in the accompanying consolidated financial statements.
## Table 3 ##
(1) Defined as net interest income divided by average earning assets.
See “Reconciliation of Non-GAAP Financial Information” at the end of Item 7.
(2) Defined as pretax income divided by average assets.
See “Reconciliation of Non-GAAP Financial Information” at the end of Item 7.
than as operating activities for fiscal years 2009, 2008 and 2007, respectively.
We realized tax benefits of $20.2 million, $12.6 million and $13.3 million in fiscal years 2009, 2008 and 2007, respectively.
We have four stock-based compensation plans which have been approved by our shareholders.
As of April 30, 2009, we had 11.5 million shares reserved for future awards under these plans.
We issue shares from our treasury stock to satisfy the exercise or release of stock-based awards.
We believe we have adequate treasury stock to issue for the exercise or release of stock-based awards.
Our 2003 Long-Term Executive Compensation Plan provides for awards of options (both incentive and nonqualified), nonvested shares, performance nonvested share units and other stock-based awards to employees.
These awards entitle the holder to shares or the right to purchase shares of common stock as the award vests, typically over a three-year period with one-third vesting each year.
Nonvested shares receive dividends during the vesting period and performance nonvested share units receive cumulative dividends at the end of the vesting period.
We measure the fair value of options on the grant date or modification date using the Black-Scholes option valuation model.
We measure the fair value of nonvested shares and performance nonvested share units based on the closing price of our common stock on the grant date.
Generally, we expense the grant-date fair value, net of estimated forfeitures, over the vesting period on a straight-line basis.
Upon adoption of SFAS 123R, awards granted to employees who are of retirement age or reach retirement age at least one year after the grant date, but prior to the end of the service period of the awards, are expensed over the shorter of the two periods.
Options are generally granted at a price equal to the fair market value of our common stock on the grant date and have a contractual term of ten years.
Our 1999 Stock Option Plan for Seasonal Employees provides for awards of nonqualified options to certain employees.
These awards are granted to seasonal employees in our Tax Services segment and entitle the holder to the right to purchase shares of common stock as the award vests, typically over a two-year period.
We measure the fair value of options on the grant date using the Black-Scholes option valuation model.
We expense the grant-date fair value, net of estimated forfeitures, over the seasonal service period.
Options are granted at a price equal to the fair market value of our common stock on the grant date, are exercisable during September through November in each of the two years following the calendar year of the grant, and have a contractual term of 29 months.
Our 1989 Stock Option Plan for Outside Directors, which provided for awards of nonqualified options to outside directors, was terminated effective June 11, 2008, except for outstanding awards thereunder.
The plan was replaced by the 2008 Deferred Stock Unit Plan for Outside Directors.
The number of deferred stock units credited to an outside director’s account pursuant to an award is determined by dividing the dollar amount of the award by the average current market value per share of common stock for the ten consecutive trading dates ending on the date the deferred stock units are granted to the outside directors.
Each deferred stock unit granted is vested upon award and the settlement of shares occurs six months after separation of service from the Board of Directors.
Our 2000 Employee Stock Purchase Plan (ESPP) provides employees the option to purchase shares of our common stock through payroll deductions.
The purchase price of the stock is 90% of the lower of either the fair market value of our common stock on the first trading day within the Option Period or on the last trading day of the Option Period.
The Option Periods are six-month periods beginning on January 1 and July 1 each year.
We measure the fair value of options on the grant date utilizing the Black-Scholes option valuation model in accordance with FASB Technical Bulletin 97-1, “Accounting under Statement 123 for Certain Employee Stock Purchase Plans with a Look-Back Option.
” The fair value of the option includes the value of the 10% discount and the look-back feature.
We expense the grant-date fair value over the six-month vesting period.
A summary of options for the year ended April 30, 2009, is as follows:

<table><tr><td>As of December 31</td><td>2015</td><td>2014</td></tr><tr><td>5.00% Senior Notes due September 2020</td><td>599</td><td>599</td></tr><tr><td>4.75% Senior Notes due 2045</td><td>598</td><td>—</td></tr><tr><td>3.50% Senior Notes due June 2024</td><td>597</td><td>597</td></tr><tr><td>4.60% Senior Notes due June 2044</td><td>549</td><td>549</td></tr><tr><td>2.875% Senior Notes due May 2026 (EUR 500M)</td><td>545</td><td>605</td></tr><tr><td>8.205% Junior Subordinated Notes due January 2027</td><td>521</td><td>521</td></tr><tr><td>3.125% Senior Notes due May 2016</td><td>500</td><td>500</td></tr><tr><td>2.80% Senior Notes due 2021</td><td>399</td><td>—</td></tr><tr><td>4.00% Senior Notes due November 2023</td><td>349</td><td>349</td></tr><tr><td>6.25% Senior Notes due September 2040</td><td>298</td><td>298</td></tr><tr><td>4.76% Senior Notes due March 2018 (CAD 375M)</td><td>271</td><td>322</td></tr><tr><td>4.45% Senior Notes due May 2043</td><td>249</td><td>248</td></tr><tr><td>4.25% Senior Notes due December 2042</td><td>196</td><td>196</td></tr><tr><td>3.50% Senior Notes due September 2015</td><td>—</td><td>599</td></tr><tr><td>Commercial paper</td><td>50</td><td>168</td></tr><tr><td>Other</td><td>16</td><td>31</td></tr><tr><td>Total debt</td><td>5,737</td><td>5,582</td></tr><tr><td>Less short-term and current portion of long-term debt</td><td>562</td><td>783</td></tr><tr><td>Total long-term debt</td><td>$5,175</td><td>$4,799</td></tr></table>
<table><tr><td></td><td>Total Number of  Shares Purchased<sup>-1</sup></td><td>Average  Price Paid  per Share</td><td>Total Number of Shares  Purchased as Part of Publicly  Announced Plans or Programs<sup>-2</sup></td><td>Maximum Dollar Value of  Shares that May be Purchased  Under the Plans or Programs<sup>-2</sup></td></tr><tr><td>February 1 – February 28</td><td> 5</td><td>$20.75</td><td>–</td><td>$2,000,000</td></tr><tr><td>March 1 – March 31</td><td> 5,630</td><td>$17.53</td><td> 5,630</td><td>$1,901,419</td></tr><tr><td>April 1 – April 30</td><td> 1</td><td>$18.51</td><td>–</td><td>$1,901,419</td></tr></table>
<table><tr><td></td><td></td><td></td><td colspan="3">(in 000s, except per share amounts)</td></tr><tr><td>April 30,</td><td> 2009</td><td>2008</td><td>2007</td><td>2006</td><td>2005</td></tr><tr><td>Revenues</td><td>$4,083,577</td><td>$4,086,630</td><td>$3,710,362</td><td>$3,286,798</td><td>$2,907,125</td></tr><tr><td>Net income before discontinued operations and change in accounting principle</td><td>513,055</td><td>445,947</td><td>369,460</td><td>310,811</td><td>358,327</td></tr><tr><td>Net income (loss)</td><td>485,673</td><td>-308,647</td><td>-433,653</td><td>490,408</td><td>623,910</td></tr><tr><td>Basic earnings (loss) per share:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net income before discontinued operations and change in accounting principle</td><td>$1.54</td><td>$1.37</td><td>$1.14</td><td>$0.95</td><td>$1.08</td></tr><tr><td>Net income (loss)</td><td>1.46</td><td>-0.95</td><td>-1.34</td><td>1.49</td><td>1.88</td></tr><tr><td>Diluted earnings (loss) per share:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net income before discontinued operations and change in accounting principle</td><td>$1.53</td><td>$1.36</td><td>$1.13</td><td>$0.93</td><td>$1.06</td></tr><tr><td>Net income (loss)</td><td>1.45</td><td>-0.94</td><td>-1.33</td><td>1.47</td><td>1.85</td></tr><tr><td>Total assets</td><td>$5,359,722</td><td>$5,623,425</td><td>$7,544,050</td><td>$5,989,135</td><td>$5,538,056</td></tr><tr><td>Long-term debt</td><td>1,032,122</td><td>1,031,784</td><td>537,134</td><td>417,262</td><td>922,933</td></tr><tr><td>Dividends per share</td><td>$0.59</td><td>$0.56</td><td>$0.53</td><td>$0.49</td><td>$0.43</td></tr></table>
<table><tr><td>Year Ended April 30,</td><td>2009</td><td>2008</td><td>2007</td></tr><tr><td>Net interest margin<sup>-1</sup></td><td>9.06%</td><td>5.54%</td><td>2.77%</td></tr><tr><td>Pretax return on average assets<sup>-2</sup></td><td>-1.03%</td><td>0.80%</td><td>2.60%</td></tr><tr><td>Total assets (in 000s)</td><td>$1,117,000</td><td>$1,078,188</td><td>$1,501,390</td></tr><tr><td>Mortgage loans held for investment:</td><td></td><td></td><td></td></tr><tr><td>Loan loss reserve as a % of mortgage loans</td><td>10.23%</td><td>4.49%</td><td>0.25%</td></tr><tr><td>Delinquency rate (30+ days)</td><td>20.23%</td><td>11.71%</td><td>3.86%</td></tr></table>

Question: what is the percentage change in total debt in 2015?
Answer: 0.02777