PART II.
Item 5.
Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Our common stock trades principally on The New York Stock Exchange under the trading symbol AMP.
As of February 14, 2014, we had approximately 16,877 common shareholders of record.
Price and dividend information concerning our common shares may be found in Note 27 to our Consolidated Financial Statements included in Part II, Item 8 of this Annual Report on Form 10-K.  Information regarding our equity compensation plans can be found in Part III, Item 12 of this Annual Report on Form 10-K.  Information comparing the cumulative total shareholder return on our common stock to the cumulative total return for certain indices is set forth under the heading ‘‘Performance Graph’’ provided in our 2013 Annual Report to Shareholders and is incorporated herein by reference.
We are primarily a holding company and, as a result, our ability to pay dividends in the future will depend on receiving dividends from our subsidiaries.
For information regarding our ability to pay dividends, see the information set forth under the heading ‘‘Management’s Discussion and Analysis of Financial Condition and Results of Operations — Liquidity and Capital Resources’’ contained in Part II, Item 7 of this Annual Report on Form 10-K.  Share Repurchases The following table presents the information with respect to purchases made by or on behalf of Ameriprise Financial, Inc.  or any ‘‘affiliated purchaser’’ (as defined in Rule 10b-18(a)(3) under the Securities Exchange Act of 1934), of our common stock during the fourth quarter of 2013:
## Table 0 ##
N/A Not applicable.
(1) On October 24, 2012, we announced that our board of directors authorized us to repurchase up to $2.0 billion worth of our common stock through 2014.
The share repurchase program does not require the purchase of any minimum number of shares, and depending on market conditions and other factors, these purchases may be commenced or suspended at any time without prior notice.
Acquisitions under the share repurchase program may be made in the open market, through privately negotiated transactions or block trades or other means.
(2) Includes restricted shares withheld pursuant to the terms of awards under the Company’s share-based compensation plans to offset tax withholding obligations that occur upon vesting and release of restricted shares.
The value of the restricted shares withheld is the closing price of common stock of Ameriprise Financial, Inc.  on the date the relevant transaction occurs.
Also includes shares withheld pursuant to the net settlement of Non-Qualified Stock Option (‘‘NQSO’’) exercises to offset tax withholding obligations that occur upon exercise and to cover the strike price of the NQSO.
The value of the shares withheld pursuant to the net settlement of NQSO exercises is the closing price of common stock of Ameriprise Financial, Inc.  on the day prior to the date the relevant transaction occurs.
expectancy of the U. S. , the Netherlands, Canada, and U. K.  plan members.
We amortize any prior service expense or credits that arise as a result of plan changes over a period consistent with the amortization of gains and losses.
As of December 31, 2014, our pension plans have deferred losses that have not yet been recognized through income in the Consolidated Financial Statements.
We amortize unrecognized actuarial losses outside of a corridor, which is defined as 10% of the greater of market-related value of plan assets or projected benefit obligation.
To the extent not offset by future gains, incremental amortization as calculated above will continue to affect future pension expense similarly until fully amortized.
The following table discloses our unrecognized actuarial gains and losses, the number of years over which we are amortizing the experience loss, and the estimated 2015 amortization of loss by country (amounts in millions):
## Table 1 ##
The unrecognized prior service cost at December 31, 2014 was $11 million, $22 million, and $3 million in the U. S. , U. K.  and Other plans.
For the U. S.  pension plans we use a market-related valuation of assets approach to determine the expected return on assets, which is a component of net periodic benefit cost recognized in the Consolidated Statements of Income.
This approach recognizes 20% of any gains or losses in the current year's value of market-related assets, with the remaining 80% spread over the next four years.
As this approach recognizes gains or losses over a five-year period, the future value of assets and therefore, our net periodic benefit cost will be impacted as previously deferred gains or losses are recorded.
As of December 31, 2014, the market-related value of assets was $2.0 billion.
We do not use the market-related valuation approach to determine the funded status of the U. S.  plans recorded in the Consolidated Statements of Financial Position.
Instead, we record and present the funded status in the Consolidated Statements of Financial Position based on the fair value of the plan assets.
As of December 31, 2014, the fair value of plan assets was $2.0 billion.
Our non-U.
S.  plans use fair value to determine expected return on assets.
Rate of return on plan assets and asset allocation The following table summarizes the expected long-term rate of return on plan assets for future pension expense and the related target asset mix as of December 31, 2014:
## Table 2 ##
(1) Includes investments in infrastructure, real estate, limited partnerships and hedge funds.
In determining the expected rate of return for the plan assets, we analyzed investment community forecasts and current market conditions to develop expected returns for each of the asset classes used by the plans.
In particular, we surveyed multiple third party financial institutions and consultants to obtain long-term expected returns on each asset class, considered historical performance data by asset class over long periods, and weighted the expected returns for each asset class by target asset allocations of the plans.
The U. S.  pension plan asset allocation is based on approved allocations following adopted investment guidelines.
The actual asset allocation at December 31, 2014 was 61% equity and 39% fixed income securities for the qualified plan.
The investment policy for each U. K.  and non-U.
S.  pension plans is generally determined by the plans' trustees.
Because there are several pension plans maintained in the U. K.  and non-U.
S.  category, our target allocation presents a range of the target allocation of each plan.
Further, target allocations are subject to change.
As of December 31, 2014, the U. K.  and non-U.
S.  plans were invested between 22% and 34% in equity and between 78% and 66% in fixed income securities.
2014 versus 2013 International segment operating profit increased 15% in 2014 compared to 2013.
Operating profit for the International segment in 2014 was impacted by approximately $18.8 million due to unfavorable foreign currency translation.
Furthermore, 2014 segment operating profit includes $6.1 million of restructuring charges.
Operating profit margin increased to 13.4% of segment net revenues in 2014 from 12.6% of segment net revenues in 2013.
The increase in operating profit in 2014 was the result of higher net revenues and favorable product mix, partially offset by higher expense levels.
The improvement in operating profit margin in 2014 is primarily due to both revenue volume and mix, along with better expense leverage from higher net revenues.
Entertainment and Licensing 2015 versus 2014 Entertainment and Licensing segment operating profit increased 27% in 2015 compared to 2014 and operating profit margin increased to 31.4% of net revenues in 2015 compared to 27.6% in 2014.
Higher entertainment revenues related to a multi-year digital distribution agreement contributed to improved operating profit.
Operating profit and operating profit margin also improved on lower amortization of intangibles and program production cost amortization.
Lower amortization of intangibles reflects certain digital gaming rights which became fully amortized during the second quarter of 2015 whereas lower program product cost amortization reflects a higher level of programming write downs occurring in the second half of 2014 compared to 2015.
These increases were partially offset by higher selling, distribution and administration expenses reflecting investment in expanding the global footprint of the Company’s consumer products licensing teams.2014 versus 2013 Entertainment and Licensing segment operating profit increased 33% in 2014 compared to 2013.
The increase in operating profit is primarily due to the profit impact from higher net revenues from consumer products licensing, partially offset by the profit impact from lower entertainment revenues.
Backflip operating losses approximated $8.7 million in 2014 and were primarily due to amortization of acquired intangibles.
Other Segments and Corporate and eliminations In the Global Operations segment, operating profit of $12.0 million in 2015 compared to $15.8 million in 2014 and $6.7 million in 2013.
In Corporate and eliminations, operating loss of $83.0 million in 2015 compared to operating losses of $46.1 million in 2014 and $134.3 million in 2013.
The 2013 operating loss includes the following charges, $46.1 million — settlement of an adverse arbitration award and $40.6 million — other product-related charges.2013 also includes certain charges related to the write-off of early film development costs associated with films that had not yet been moved to production.
OPERATING COSTS AND EXPENSES The Company’s operating expenses, stated as percentages of net revenues, are illustrated below for each year in the three fiscal years ended December 27, 2015:
## Table 3 ##
The future minimum lease commitments under these leases at December 31, 2010 are as follows (in thousands):
## Table 4 ##
Rental expense for operating leases was approximately $66.9 million, $57.2 million and $49.0 million during the years ended December 31, 2010, 2009 and 2008, respectively.
In connection with the acquisitions of several businesses, we entered into agreements with several sellers of those businesses, some of whom became stockholders as a result of those acquisitions, for the lease of certain properties used in our operations.
Typical lease terms under these agreements include an initial term of five years, with three to five five-year renewal options and purchase options at various times throughout the lease periods.
We also maintain the right of first refusal concerning the sale of the leased property.
Lease payments to an employee who became an officer of the Company after the acquisition of his business were approximately $1.0 million, $0.9 million and $0.9 million during each of the years ended December 31, 2010, 2009 and 2008, respectively.
We guarantee the residual values of the majority of our truck and equipment operating leases.
The residual values decline over the lease terms to a defined percentage of original cost.
In the event the lessor does not realize the residual value when a piece of equipment is sold, we would be responsible for a portion of the shortfall.
Similarly, if the lessor realizes more than the residual value when a piece of equipment is sold, we would be paid the amount realized over the residual value.
Had we terminated all of our operating leases subject to these guarantees at December 31, 2010, the guaranteed residual value would have totaled approximately $31.4 million.
We have not recorded a liability for the guaranteed residual value of equipment under operating leases as the recovery on disposition of the equipment under the leases is expected to approximate the guaranteed residual value.
Litigation and Related Contingencies In December 2005 and May 2008, Ford Global Technologies, LLC filed complaints with the International Trade Commission against us and others alleging that certain aftermarket parts imported into the U. S.  infringed on Ford design patents.
The parties settled these matters in April 2009 pursuant to a settlement arrangement that expires in September 2011.
Pursuant to the settlement, we (and our designees) became the sole distributor in the U. S.  of aftermarket automotive parts that correspond to Ford collision parts that are covered by a U. S.  design patent.
We have paid Ford an upfront fee for these rights and will pay a royalty for each such part we sell.
The amortization of the upfront fee and the royalty expenses are reflected in Cost of Goods Sold on the accompanying Consolidated Statements of Income.
We also have certain other contingencies resulting from litigation, claims and other commitments and are subject to a variety of environmental and pollution control laws and regulations incident to the ordinary course of business.
We currently expect that the resolution of such contingencies will not materially affect our financial position, results of operations or cash flows.

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Period	(a)(b) Total Number of Shares Purchased	Average Price Paid Per Share	(c)(d) Total Number of Shares Purchased as part of Publicly Announced Plans or Programs(1)	Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs-1
October 1 to October 31, 2013
Share repurchase program-1	1,035,563	$95.18	1,035,563	$922,140,624
Employee transactions-2	33,527	$98.27	N/A	N/A
November 1 to November 30, 2013
Share repurchase program-1	1,197,675	$105.06	1,197,675	$796,314,230
Employee transactions-2	169,513	$103.71	N/A	N/A
December 1 to December 31, 2013
Share repurchase program-1	1,337,802	$109.88	1,337,802	$649,313,523
Employee transactions-2	34,373	$109.58	N/A	N/A
Totals
Share repurchase program-1	3,571,040	$104.00	3,571,040
Employee transactions-2	237,413	$103.79	N/A
3,808,453	3,571,040

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U.K.	U.S.	Other
Unrecognized actuarial gains and losses	$1,687	$1,737	$456
Amortization period (in years)	8 - 30	7 - 26	15 - 42
Estimated 2015 amortization of loss	$42	$54	$12

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U.K.	U.S.	Other
Expected return (in total)	5.2%	8.8%	4.7 - 5.6%
Expected return on equities -1	7.7%	9.7%	6.3 - 7.8%
Expected return on fixed income	4.6%	6.5%	4.0 - 4.2%
Asset mix:
Target equity -1	18.1%	70.0%	32.3 - 40%
Target fixed income	81.9%	30.0%	60 - 67.7%

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2015	2014	2013
Cost of sales	37.7%	39.7%	41.0%
Royalties	8.5	7.1	8.3
Product development	5.5	5.2	5.1
Advertising	9.2	9.8	9.8
Amortization of intangibles	1.0	1.2	1.9
Program production cost amortization	1.0	1.1	1.2
Selling, distribution and administration	21.6	20.9	21.3

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2011	$62,465
2012	54,236
2013	47,860
2014	37,660
2015	28,622
Thereafter	79,800
Future Minimum Lease Payments	$310,643

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Question: what was the cumulative lease payments to the employee who became an officer of the company following his business acquisition from 2008 to 2010
Answer: 2.8