Consolidated Results of Operations Year Ended December 31, 2011 Compared to Year Ended December 31, 2010 Management believes that operating measures, which exclude net realized gains or losses; the market impact on variable annuity guaranteed living benefits, net of hedges, DSIC and DAC amortization; integration and restructuring charges; income (loss) from discontinued operations; and the impact of consolidating CIEs, best reflect the underlying performance of our core operations and facilitate a more meaningful trend analysis.
See our discussion on the use of these non-GAAP measures in the Overview section above.
The following table presents our consolidated results of operations:
## Table 0 ##
NM Not Meaningful.
(1) Includes the elimination of management fees we earn for services provided to the CIEs and the related expense; revenues and expenses of the CIEs; net realized gains or losses; the market impact on variable annuity living benefits, net of hedges, DSIC and DAC amortization; integration and restructuring charges; and income (loss) from discontinued operations.
Income tax provision is calculated using the statutory tax rate of 35% on applicable adjustments.
CELANESE CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) Interest Expense
## Table 1 ##
Senior Credit Facilities.
As of December 31, 2005, the senior credit facilities consist of a term loan facility, a revolving credit facility and a credit-linked revolving facility.
The term loan facility consists of commitments of $1,386 million and u273 million, both maturing in 2011.
The revolving credit facility, through a syndication of banks, provides for borrowings of up to $600 million, including the availability of letters of credit in U. S.  dollars and euros and for borrowings on same-day notice.
In January 2005, the Company amended and restated its senior credit facilities and increased the term loan facility from $624 million to $1,750 million (including u275 million) and increased the revolving credit facility from $380 million to $600 million.
As of December 31, 2005, $64 million of letters of credit have been issued under the revolving credit facility and $536 million remained available for borrowing.
In addition, the Company has a $228 million credit-linked revolving facility, which matures in 2009.
The credit-linked revolving facility includes borrowing capacity available for letters of credit.
As of December 31, 2005, there were $199 million of letters of credit issued under the credit-linked revolving facility and $29 million remained available for borrowing.
Substantially all of the assets of Celanese Holdings LLC (‘‘Celanese Holdings’’), the direct parent of BCP Crystal US Holdings Corp.  (‘‘BCP Crystal’’), and, subject to certain exceptions, substantially all of its existing and future U. S.  subsidiaries, referred to as U. S.  Guarantors, secure these facilities.
The borrowings under the revolving senior credit facility bear interest at a rate equal to an applicable margin plus, at the borrower’s option, either a base rate or a LIBOR rate.
The applicable margin for a revolving facility borrowing under the base rate option is 1.50% and for the LIBOR option, 2.50% (in each case, subject to a step-down based on a performance test, as defined).
In November 2005, the Company amended its senior credit facilities which lowered the margin over LIBOR on the U. S.  dollar denominated portion of the term loan facility from 2.25% to 2.00%.
In addition, a further reduction of the interest rate to LIBOR plus 1.75% is allowed if certain conditions are met.
BCP Crystal may voluntarily repay outstanding loans under the senior credit facility at any time without premium or penalty, other than customary ‘‘breakage’’ costs with respect to LIBOR loans.
Senior Subordinated Notes.
During June and July 2004, the Company issued $1,225 million and u200 million in senior subordinated notes for proceeds of $1,475 million, which included $4 million in premiums.
All of BCP Crystal’s U. S.  domestic, wholly owned subsidiaries that guarantee BCP Crystal’s obligations under the senior credit facilities guarantee the senior subordinated notes on an unsecured senior subordinated basis.
In February 2005, $521 million of the net proceeds of the offering of the Company’s Series A common stock were used to redeem a portion of the senior subordinated notes and $51 million was used to pay the premium associated with the redemption.
Baroness Philippine de Rothschild announced an agreement to maintain equal ownership of Opus One.
Opus One produces fine wines at its Napa Valley winery.
The acquisition of Robert Mondavi supports the Company’s strategy of strengthening the breadth of its portfolio across price segments to capitalize on the overall growth in the premium, super-premium and fine wine categories.
The Company believes that the acquired Robert Mondavi brand names have strong brand recognition globally.
The vast majority of sales from these brands are generated in the United States.
The Company is leveraging the Robert Mondavi brands in the United States through its selling, marketing and distribution infrastructure.
The Company also intends to further expand distribution for the Robert Mondavi brands in Europe through its Constellation Europe infrastructure.
The Robert Mondavi acquisition supports the Company’s strategy of growth and breadth across categories and geographies, and strengthens its competitive position in its core markets.
The Robert Mondavi acquisition provides the Company with a greater presence in the growing premium, super-premium and fine wine sectors within the United States and the ability to capitalize on the broader geographic distribution in strategic international markets.
In particular, the Company believes there are growth opportunities for premium, super-premium and fine wines in the United Kingdom and other “new world” wine markets.
Total consideration paid in cash to the Robert Mondavi shareholders was $1,030.7 million.
Additionally, the Company incurred direct acquisition costs of $12.0 million.
The purchase price was financed with borrowings under the Company’s 2004 Credit Agreement (as defined in Note 9).
In accordance with the purchase method of accounting, the acquired net assets are recorded at fair value at the date of acquisition.
The purchase price was based primarily on the estimated future operating results of the Robert Mondavi business, including the factors described above, as well as an estimated benefit from operating cost synergies.
The results of operations of the Robert Mondavi business are reported in the Constellation Wines segment and have been included in the Consolidated Statements of Income since the acquisition date.
The following table summarizes the fair values of the assets acquired and liabilities assumed in the Robert Mondavi acquisition at the date of acquisition, as adjusted for the final appraisal:
## Table 2 ##
The trademarks are not subject to amortization.
None of the goodwill is expected to be deductible for tax purposes.
Following the Robert Mondavi acquisition, the Company sold certain of the acquired vineyard properties and related assets, investments accounted for under the equity method, and other winery properties and related assets, during the years ended February 28, 2006, and February 28, 2005.
The Company realized net proceeds of $170.8 million from the sale of these assets during the year ended February 28, 2006.
Amounts realized during the year ended February 28, 2005, were not material.
No gain or loss has been recognized upon the sale of these assets.
HARDY ACQUISITION – On March 27, 2003, the Company acquired control of BRL Hardy Limited, now known as Hardy Wine Company Limited (“Hardy”), and on April 9, 2003, the Company completed its acquisition of all of Hardy’s outstanding capital stock.
As a result of the acquisition of Hardy, the Company also acquired the remaining 50% ownership of Pacific Wine Partners LLC (“PWP”), the joint venture the Company established with Hardy in July 2001.
The acquisition of Hardy along with the remaining interest in PWP is referred to together as the “Hardy Acquisition.
” Through this acquisition, the Company acquired one of Australia’s largest wine producers with interests in wineries and vineyards in most of Australia’s major wine regions as well as New Zealand and the United States and Hardy’s marketing and sales operations in the United Kingdom.
In October 2005, PWP was merged into another subsidiary of the Company.
Total consideration paid in cash and Class A Common Stock to the Hardy shareholders was $1,137.4 million.
Additionally, the Company recorded direct acquisition costs of $17.2 million.
The acquisition date for accounting purposes is March 27, 2003.
The Company has recorded a $1.6 million reduction in the purchase price to reflect imputed interest between the accounting acquisition date and the final payment of consideration.
This charge is included as interest expense in the Consolidated Statement of Income for the year ended February 29, 2004.
The cash portion of the purchase price paid to the Hardy shareholders and optionholders ($1,060.2 million) was financed with $660.2 million of borrowings under the Company’s then existing credit agreement and $400.0 million of borrowings under the Company’s then existing bridge loan agreement.
Additionally, the Company issued 6,577,826 shares of the Company’s Class A Common Stock, which were valued at $77.2 million based on the simple average of the closing market price of the Company’s Class A Common Stock beginning two days before and ending two days after April 4, 2003, the day the Hardy shareholders elected the form of consideration they wished to receive.
The purchase price was based primarily on a discounted cash flow analysis that contemplated, among other things, the value of a broader geographic distribution in strategic international markets and a presence in the important Australian winemaking regions.
The Company and Hardy have complementary businesses that share a common growth orientation and operating philosophy.
The Hardy Acquisition supports the Company’s strategy of growth and breadth across categories

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Years Ended December 31,
2011	2010
GAAP	Less: Adjustments -1	Operating	GAAP	Less: Adjustments -1	Operating	Operating Change
(in millions)
Revenues
Management and financial advice fees	$4,537	$-49	$4,586	$3,784	$-38	$3,822	$764	20%
Distribution fees	1,573	—	1,573	1,447	—	1,447	126	9
Net investment income	2,046	97	1,949	2,309	308	2,001	-52	-3
Premiums	1,220	—	1,220	1,179	—	1,179	41	3
Other revenues	863	94	769	863	125	738	31	4
Total revenues	10,239	142	10,097	9,582	395	9,187	910	10
Banking and deposit interest expense	47	—	47	70	—	70	-23	-33
Total net revenues	10,192	142	10,050	9,512	395	9,117	933	10
Expenses
Distribution expenses	2,497	—	2,497	2,065	—	2,065	432	21
Interest credited to fixed accounts	853	—	853	909	—	909	-56	-6
Benefits, claims, losses and settlement expenses	1,557	67	1,490	1,750	9	1,741	-251	-14
Amortization of deferred acquisition costs	618	-8	626	127	16	111	515	NM
Interest and debt expense	317	221	96	290	181	109	-13	-12
General and administrative expense	2,965	116	2,849	2,737	129	2,608	241	9
Total expenses	8,807	396	8,411	7,878	335	7,543	868	12
Income from continuing operations before income tax provision	1,385	-254	1,639	1,634	60	1,574	65	4
Income tax provision	355	-52	407	350	-36	386	21	5
Income from continuing operations	1,030	-202	1,232	1,284	96	1,188	44	4
Loss from discontinued operations, net of tax	-60	-60	—	-24	-24	—	—	—
Net income	970	-262	1,232	1,260	72	1,188	44	4
Less: Net income (loss) attributable to non- controlling interests	-106	-106	—	163	163	—	—	—
Net income attributable to Ameriprise Financial	$1,076	$-156	$1,232	$1,097	$-91	$1,188	$44	4%

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Successor	Predecessor
YearEndedDecember 31,2005	Nine MonthsEndedDecember 31,2004	Three MonthsEndedMarch31,2004	Year EndedDecember 31,2003
(in $millions)
Accelerated amortization of deferredfinancing costs on early redemption and prepayment ofdebt	28	89	—	—
Premiumpaid on early redemption ofdebt	74	21	—	—
Otherinterestexpense	285	190	6	49
Totalinterestexpense	387	300	6	49

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Current assets	$513,782
Property, plant and equipment	438,140
Other assets	124,450
Trademarks	138,000
Goodwill	634,203
Total assets acquired	1,848,575
Current liabilities	310,919
Long-term liabilities	494,995
Total liabilities assumed	805,914
Net assets acquired	$1,042,661

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Question: What is the growing rate of Net investment income in the year with the most Distribution fees?
Answer: -0.12854000000000002