BANK OF AMERICA CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements—(Continued) Consolidated Statement of Cash Flows
## Table 0 ##
Danaher Corporation, originally DMG, Inc. , was organized in 1969 as a Massachusetts real estate investment trust.
In 1978 it was reorganized as a Florida corporation under the name Diversified Mortgage Investors, Inc.  (“DMI”) which in a second reorganization in 1980 became a subsidiary of a newly created holding company named DMG, Inc.  We adopted the name Danaher in 1984 and were reincorporated as a Delaware corporation following the 1986 annual meeting of our shareholders.
Operating Segments The table below describes the percentage of our total annual revenues attributable to each of our four segments over each of the last three fiscal years:
## Table 1 ##
Sales in 2008 by geographic destination were: North America, 50% (including 47% in the U. S. ); Europe, 31%; Asia/Australia, 14%; and other regions, 5%.
For additional information regarding our segments and sales by geography, please refer to Note 17 in the Consolidated Financial Statements included in this Annual Report.
PROFESSIONAL INSTRUMENTATION Businesses in our Professional Instrumentation segment offer professional and technical customers various products and services that are used to enable or enhance the performance of their work.
The Professional Instrumentation segment encompasses two strategic lines of business: environmental and test and measurement.
Sales for this segment in 2008 by geographic destination were: North America, 46%; Europe, 29%; Asia/Australia, 19%; and other regions, 6%.
Environmental.
The environmental businesses serve two main markets: water quality and retail/commercial petroleum.
We entered the water quality sector in 1996 through the acquisition of American Sigma and have enhanced our geographical coverage and product and service breadth through subsequent acquisitions, including the acquisition of Dr.  Lange in 1998, Hach Company in 1999, Viridor Instrumentation in 2002, Trojan Technologies Inc.  in 2004 and ChemTreat, Inc.  in 2007.
Today, we are a worldwide leader in the water quality sector.
Our water quality operations design, manufacture and market: Typical users of our analytical instruments, related consumables and associated services, and our ultraviolet disinfection systems, include professionals in municipal drinking water and wastewater treatment plants, industrial process water and wastewater treatment facilities, third-party testing laboratories and environmental field operations.
Typical users of our industrial water treatment solutions include professionals in industrial plants in a wide range of industries.
Customers in these industries choose suppliers based on a number of factors including the customer’s existing supplier relationships, product performance and ease of use, the comprehensiveness of the supplier’s product offering and the other factors described under “—Competition.
” Our water quality business provides products under a variety of well-known brands, including HACH, HACH/LANGE, TROJAN TECHNOLOGIES, CHEMTREAT and SEA BIRD.
Manufacturing facilities are located in North America, Europe, and Asia.
Sales are made through our direct sales personnel, independent representatives, independent distributors and e-commerce.
HEWLETT-PACKARD COMPANY AND SUBSIDIARIES Management’s Discussion and Analysis of Financial Condition and Results of Operations (Continued) revenue in fiscal 2007 was attributable mainly to unit volume growth in multifunction printers and revenue from our digital press and large format printing products.
The slight increase in consumer hardware net revenue in fiscal 2007 was attributable to increased unit volumes, improved average revenue per unit performance and a mix shift from single function products to All-in-Ones, the impact of which was partially offset by the continued shift in demand to lower priced products and strategic pricing decisions.
IPG earnings from operations as a percentage of net revenue increased by 0.3 percentage points in fiscal 2007 from fiscal 2006, driven by a decrease in operating expenses as a percentage of net revenue that was partially offset by a decrease in gross margin.
Gross margin decreased due primarily to unfavorable hardware margins, increased costs associated with new product introductions and a change in product mix.
Operating expenses as a percentage of net revenue decreased due primarily to higher prior-year research and development expenses associated with product introduction costs, coupled with higher revenue and more effective spending controls.
On a constant currency basis, net revenue increased 7% in fiscal 2006 from fiscal 2005.
The unfavorable currency impact was due primarily to the movement of the dollar against the euro and the yen in fiscal 2006.
In fiscal 2006, the growth in printer supplies net revenue reflected higher unit volumes as a result of the continued expansion of printer hardware placements and the strong performance of color-related products.
The growth in commercial hardware net revenue in fiscal 2006 was attributable mainly to unit volume growth in color laser printers and multifunction printers and, to a lesser extent, revenue from our large format printing products with the acquisition of Scitex in November 2005.
Commercial and consumer hardware revenue was unfavorably impacted by the continued shift in demand to lower-priced products and strategic pricing decisions, which caused average revenue per unit to decline.
IPG earnings from operations as a percentage of net revenue increased 1.3 percentage points in fiscal 2006 from fiscal 2005, which was the result primarily of an increase in gross margin and a decrease in operating expense as a percentage of net revenue.
The gross margin increase was due primarily to improved margins for supplies due to product mix and a favorable portfolio mix shift from hardware to supplies, the impact of which was partially offset by unfavorable consumer hardware margins.
Operating expense as a percentage of net revenue for fiscal 2006 declined, due mainly to realized savings from our cost structure initiatives coupled with increased revenue and partially offset by higher bonus accruals.
HP Financial Services
## Table 2 ##
HPFS net revenue increased by 12% in fiscal 2007 from fiscal 2006.
The net revenue increase was due primarily to operating lease growth and higher end-of-lease activity.
The financing lease growth and increased used equipment sales, to a lesser extent, also contributed to the revenue growth.
HPFS earnings from operations as a percentage of net revenue decreased by 0.5 percentage point in fiscal 2007 from fiscal 2006 due primarily to a decrease in gross margin, which was partially offset by
Our calculation of free cash flow and reconciliation to “Net cash provided by operating activities” is shown in the table below (in millions), and may not be calculated the same as similarly-titled measures presented by other companies:

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Three Months Ended March 31
2005	2004
(Dollars in millions)	As Previously Reported	Restated	As Previously Reported	Restated
Operating activities
Net income	$4,695	$4,393	$2,681	$2,648
Reconciliation of net income to net cash provided by (used in) operating activities:
Provision for credit losses	580	580	624	624
Gains on sales of debt securities	-659	-659	-495	-495
Depreciation and premises improvements amortization	240	240	209	209
Amortization of intangibles	208	208	54	54
Deferred income tax benefit	-85	-267	-66	-86
Net increase in trading and derivative instruments	-13,041	-12,697	-8,528	-7,475
Net (increase) decrease in other assets	4,283	4,283	-5,063	-5,063
Net decrease in accrued expenses and other liabilities	-4,489	-4,489	-8,252	-8,252
Other operating activities, net	-3,707	-3,669	3,275	2,275
Net cash used in operating activities	-11,975	-12,077	-15,561	-15,561
Investing activities
Net (increase) decrease in time deposits placed and other short-term investments	1,138	1,138	-510	-510
Net (increase) decrease in federal funds sold and securities purchased under agreements to resell	-48,036	-48,036	3,435	3,435
Proceeds from sales of available-for-sale securities	38,451	38,451	11,090	11,090
Proceeds from maturities of available-for-sale securities	10,181	10,181	1,848	1,848
Purchases of available-for-sale securities	-74,552	-74,552	-84,567	-84,567
Proceeds from maturities of held-to-maturity securities	55	55	5	5
Proceeds from sales of loans and leases	1,113	1,113	876	876
Other changes in loans and leases, net	-9,560	-9,574	-6,133	-6,133
Additions to mortgage servicing rights, net	-168	-168	-249	-249
Net purchases of premises and equipment	-254	-254	-249	-249
Proceeds from sales of foreclosed properties	26	26	49	49
Net cash paid for business acquisitions	-116	—	-15	-15
Other investing activities, net	-72	-72	800	800
Net cash used in investing activities	-81,794	-81,692	-73,620	-73,620
Financing activities
Net increase in deposits	11,417	11,417	21,479	21,479
Net increase in federal funds purchased and securities sold under agreements to repurchase	67,911	67,911	37,388	37,388
Net increase in commercial paper and other short-term borrowings	14,842	14,842	21,634	21,634
Proceeds from issuance of long-term debt	4,768	4,768	7,558	7,558
Retirement of long-term debt	-2,702	-2,702	-2,507	-2,507
Proceeds from issuance of common stock	1,180	1,180	1,000	1,000
Common stock repurchased	-1,990	-1,990	-973	-973
Cash dividends paid	-1,835	-1,835	-1,159	-1,159
Other financing activities, net	-37	-37	-23	-23
Net cash provided by financing activities	93,554	93,554	84,397	84,397
Effect of exchange rate changes on cash and cash equivalents	-23	-23	-4	-4
Net decrease in cash and cash equivalents	-238	-238	-4,788	-4,788
Cash and cash equivalents at January 1	28,936	28,936	27,084	27,084
Cash and cash equivalents at March 31	$28,698	$28,698	$22,296	$22,296

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For the Years Ended December 31
Segment	2008	2007	2006
Professional Instrumentation	38%	32%	31%
Medical Technologies	26%	27%	23%
Industrial Technologies	26%	29%	32%
Tools & Components	10%	12%	14%

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For the fiscal years ended October 31
2007	2006	2005
In millions
Net revenue	$2,336	$2,078	$2,102
Earnings from operations	$155	$147	$213
Earnings from operations as a % of net revenue	6.6%	7.1%	10.1%

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Question: What's the average of Provision for credit losses and Gains on sales of debt securities of Restated in 2005? (in million)
Answer: -39.5