the years ended december 31 , 2008 , 2007 and 2006 , due to ineffectiveness and amounts excluded from the assessment of hedge effectiveness , was not significant .
for contracts outstanding at december 31 , 2008 , we have an obligation to purchase u.s .
dollars and sell euros , japanese yen , british pounds , canadian dollars , australian dollars and korean won and purchase swiss francs and sell u.s .
dollars at set maturity dates ranging from january 2009 through june 2011 .
the notional amounts of outstanding forward contracts entered into with third parties to purchase u.s .
dollars at december 31 , 2008 were $ 1343.0 million .
the notional amounts of outstanding forward contracts entered into with third parties to purchase swiss francs at december 31 , 2008 were $ 207.5 million .
the fair value of outstanding derivative instruments recorded on the balance sheet at december 31 , 2008 , together with settled derivatives where the hedged item has not yet affected earnings , was a net unrealized gain of $ 32.7 million , or $ 33.0 million net of taxes , which is deferred in other comprehensive income , of which $ 16.4 million , or $ 17.9 million , net of taxes , is expected to be reclassified to earnings over the next twelve months .
we also enter into foreign currency forward exchange contracts with terms of one month to manage currency exposures for assets and liabilities denominated in a currency other than an entity 2019s functional currency .
as a result , any foreign currency remeasurement gains/losses recognized in earnings under sfas no .
52 , 201cforeign currency translation , 201d are generally offset with gains/losses on the foreign currency forward exchange contracts in the same reporting period .
other comprehensive income 2013 other comprehensive income refers to revenues , expenses , gains and losses that under generally accepted accounting principles are included in comprehensive income but are excluded from net earnings as these amounts are recorded directly as an adjustment to stockholders 2019 equity .
other comprehensive income is comprised of foreign currency translation adjustments , unrealized foreign currency hedge gains and losses , unrealized gains and losses on available-for-sale securities and amortization of prior service costs and unrecognized gains and losses in actuarial assumptions .
in 2006 we adopted sfas 158 , 201cemployers 2019 accounting for defined benefit pension and other postretirement plans 2013 an amendment of fasb statements no .
87 , 88 , 106 and 132 ( r ) . 201d this statement required recognition of the funded status of our benefit plans in the statement of financial position and recognition of certain deferred gains or losses in other comprehensive income .
we recorded an unrealized loss of $ 35.4 million in other comprehensive income during 2006 related to the adoption of sfas 158 .
the components of accumulated other comprehensive income are as follows ( in millions ) : balance at december 31 , comprehensive income ( loss ) balance at december 31 .

balance at december 31 2007
other comprehensive income ( loss )
balance at december 31 2008
foreign currency translation
$ 368.8
$ -49.4 ( 49.4 )
$ 319.4
foreign currency hedges
-45.4 ( 45.4 )
78.4
33.0
unrealized gain/ ( loss ) on securities
-1.9 ( 1.9 )
0.6
-1.3 ( 1.3 )
unrecognized prior service cost and unrecognized gain/ ( loss ) in actuarial assumptions
-31.2 ( 31.2 )
-79.9 ( 79.9 )
-111.1 ( 111.1 )
accumulated other comprehensive income
$ 290.3
$ -50.3 ( 50.3 )
$ 240.0

during 2008 , we reclassified an investment previously accounted for under the equity method to an available-for-sale investment as we no longer exercised significant influence over the third-party investee .
the investment was marked-to- market in accordance with sfas 115 , 201caccounting for certain investments in debt and equity securities , 201d resulting in a net unrealized gain of $ 23.8 million recorded in other comprehensive income for 2008 .
this unrealized gain was reclassified to the income statement when we sold this investment in 2008 for total proceeds of $ 54.9 million and a gross realized gain of $ 38.8 million included in interest and other income .
the basis of these securities was determined based on the consideration paid at the time of acquisition .
treasury stock 2013 we account for repurchases of common stock under the cost method and present treasury stock as a reduction of shareholders equity .
we may reissue common stock held in treasury only for limited purposes .
accounting pronouncements 2013 in september 2006 , the fasb issued sfas no .
157 , 201cfair value measurements , 201d which defines fair value , establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosures about fair value measurements .
this statement does not require any new fair value measurements , but provides guidance on how to measure fair value by providing a fair value hierarchy used to classify the source of the information .
sfas no .
157 is effective for financial statements issued for fiscal years beginning after november 15 , 2007 and interim periods within those fiscal years .
in february 2008 , the fasb issued fasb staff position ( fsp ) no .
sfas 157-2 , which delays the effective date of certain provisions of sfas no .
157 relating to non-financial assets and liabilities measured at fair value on a non-recurring basis until fiscal years beginning after november 15 , 2008 .
the full adoption of sfas no .
157 is not expected to have a material impact on our consolidated financial statements or results of operations .
z i m m e r h o l d i n g s , i n c .
2 0 0 8 f o r m 1 0 - k a n n u a l r e p o r t notes to consolidated financial statements ( continued ) %%transmsg*** transmitting job : c48761 pcn : 046000000 ***%%pcmsg|46 |00009|yes|no|02/24/2009 19:24|0|0|page is valid , no graphics -- color : d| .

Question: what percent higher would accumulated other comprehensive income be without unrecognized losses/costs?
Answer: 46.29%