liquidity and capital resources we currently expect to fund all of our cash requirements which are reasonably foreseeable for 2018 , including scheduled debt repayments , new investments in the business , share repurchases , dividend payments , possible business acquisitions and pension contributions , with cash from operating activities , and as needed , additional short-term and/or long-term borrowings .we continue to expect our operating cash flow to remain strong .as of december 31 , 2017 , we had $ 211 million of cash and cash equivalents on hand , of which $ 151 million was held outside of the as of december 31 , 2016 , we had $ 327 million of cash and cash equivalents on hand , of which $ 184 million was held outside of the u.s .as of december 31 , 2015 , we had $ 26 million of deferred tax liabilities for pre-acquisition foreign earnings associated with the legacy nalco entities and legacy champion entities that we intended to repatriate .these liabilities were recorded as part of the respective purchase price accounting of each transaction .the remaining foreign earnings were repatriated in 2016 , reducing the deferred tax liabilities to zero at december 31 , 2016 .as of december 31 , 2017 we had a $ 2.0 billion multi-year credit facility , which expires in november 2022 .the credit facility has been established with a diverse syndicate of banks .there were no borrowings under our credit facility as of december 31 , 2017 or 2016 .the credit facility supports our $ 2.0 billion u.s .commercial paper program and $ 2.0 billion european commercial paper program .combined borrowing under these two commercial paper programs may not exceed $ 2.0 billion .at year-end , we had no amount outstanding under the european commercial paper program and no amount outstanding under the u.s .commercial paper program .additionally , we have uncommitted credit lines of $ 660 million with major international banks and financial institutions to support our general global funding needs .most of these lines are used to support global cash pooling structures .approximately $ 643 million of these credit lines were available for use as of year-end 2017 .bank supported letters of credit , surety bonds and guarantees total $ 198 million and represent commercial business transactions .we do not have any other significant unconditional purchase obligations or commercial commitments .as of december 31 , 2017 , our short-term borrowing program was rated a-2 by standard & poor 2019s and p-2 by moody 2019s .as of december 31 , 2017 , standard & poor 2019s and moody 2019s rated our long-term credit at a- ( stable outlook ) and baa1 ( stable outlook ) , respectively .a reduction in our credit ratings could limit or preclude our ability to issue commercial paper under our current programs , or could also adversely affect our ability to renew existing , or negotiate new , credit facilities in the future and could increase the cost of these facilities .should this occur , we could seek additional sources of funding , including issuing additional term notes or bonds .in addition , we have the ability , at our option , to draw upon our $ 2.0 billion of committed credit facility .we are in compliance with our debt covenants and other requirements of our credit agreements and indentures .a schedule of our various obligations as of december 31 , 2017 are summarized in the following table: .
[['( millions )', 'total', 'payments due by period less than 1 year', 'payments due by period 2-3 years', 'payments due by period 4-5 years', 'payments due by period more than 5 years'], ['notes payable', '$ 15', '$ 15', '$ -', '$ -', '$ -'], ['one-time transition tax', '160', '13', '26', '26', '95'], ['long-term debt', '7303', '549', '696', '1513', '4545'], ['capital lease obligations', '5', '1', '1', '1', '2'], ['operating leases', '617', '131', '211', '160', '115'], ['interest*', '2753', '242', '436', '375', '1700'], ['total', '$ 10853', '$ 951', '$ 1370', '$ 2075', '$ 6457']]
* interest on variable rate debt was calculated using the interest rate at year-end 2017 .during the fourth quarter of 2017 , we recorded a one-time transition tax related to enactment of the tax act .the expense is primarily related to the one-time transition tax , which is payable over eight years .as discussed further in note 12 , this balance is a provisional amount and is subject to adjustment during the measurement period of up to one year following the enactment of the tax act , as provided by recent sec guidance .as of december 31 , 2017 , our gross liability for uncertain tax positions was $ 68 million .we are not able to reasonably estimate the amount by which the liability will increase or decrease over an extended period of time or whether a cash settlement of the liability will be required .therefore , these amounts have been excluded from the schedule of contractual obligations. .

Question: what is the growth rate in the balance of cash and cash equivalents on hand from 2016 to 2017?
Answer: -35.5%