Financial report context:
) increased net cash flows from receivables from improved days sales outstanding offsetting increased sales levels ; partially offset by reduced cash flows from increases in inventories to build new product lines and support increased sales levels . cash provided by operating activities in 2003 decreased $ 8.4 million from 2002 due primarily to : ) reduced cash inflows from accounts receivable securitization ; and ) reduced cash inflows from increases in inventories partially offset by : ) higher earnings in 2003 before non-cash charges and credits ; ) decreased net cash outflows from accounts and other receivables ; and ) decreased net cash outflows from accounts payable and accrued expenses . net cash used in investing activities in 2004 consisted primarily of the acquisition of pvt and the purchase of ev3 2019s technology of $ 137.7 million , and capital expenditures of $ 42.5 million . net cash used in investing activities in 2003 consisted primarily of the acquisition of jomed , whitland and embol-x , inc . of $ 33.2 million , and capital expenditures of $ 37.9 million . net cash used in financing activities in 2004 consisted primarily of purchases of treasury stock of $ 59.1 million , partially offset by proceeds from stock plans of $ 30.5 million and net proceeds from issuance of long-term debt of $ 7.1 million . cash used in financing activities in 2003 consisted primarily of purchases of treasury stock of $ 49.4 million and net payments on debt of $ 4.0 million , partially offset by proceeds from stock plans of $ 36.6 million . a summary of all of the company 2019s contractual obligations and commercial commitments as of december 31 , 2004 were as follows ( in millions ) : .

Financial table:
contractual obligations: long-term debt; payments due by period total: $ 267.1; payments due by period less than 1 year: $ 2014; payments due by period 1-3 years: $ 2014; payments due by period 4-5 years: $ 2014; payments due by period after 5 years: $ 267.1
contractual obligations: interest on long-term debt; payments due by period total: 30.9; payments due by period less than 1 year: 11.2; payments due by period 1-3 years: 15.4; payments due by period 4-5 years: 4.3; payments due by period after 5 years: 2014
contractual obligations: operating leases; payments due by period total: 49.8; payments due by period less than 1 year: 13.1; payments due by period 1-3 years: 20.4; payments due by period 4-5 years: 15.2; payments due by period after 5 years: 1.1
contractual obligations: unconditional purchase obligations ( a ); payments due by period total: 15.1; payments due by period less than 1 year: 7.5; payments due by period 1-3 years: 7.6; payments due by period 4-5 years: 2014; payments due by period after 5 years: 2014
contractual obligations: contractual development obligations ( b ); payments due by period total: 31.9; payments due by period less than 1 year: 4.3; payments due by period 1-3 years: 3.6; payments due by period 4-5 years: 4.0; payments due by period after 5 years: 20.0
contractual obligations: total contractual cash obligations; payments due by period total: $ 394.8; payments due by period less than 1 year: $ 36.1; payments due by period 1-3 years: $ 47.0; payments due by period 4-5 years: $ 23.5; payments due by period after 5 years: $ 288.2

Additional report context:
less than after contractual obligations total 1 year 1-3 years 4-5 years 5 years long-term debt *************************** $ 267.1 $ 2014 $ 2014 $ 2014 $ 267.1 interest on long-term debt ****************** 30.9 11.2 15.4 4.3 2014 operating leases*************************** 49.8 13.1 20.4 15.2 1.1 unconditional purchase obligations ( a ) ********* 15.1 7.5 7.6 2014 2014 contractual development obligations ( b ) ******** 31.9 4.3 3.6 4.0 20.0 total contractual cash obligations************* $ 394.8 $ 36.1 $ 47.0 $ 23.5 $ 288.2 ( a ) unconditional purchase obligations consist primarily of minimum purchase commitments of inventory . ( b ) contractual development obligations consist primarily of cash that edwards lifesciences is obligated to pay to unconsolidated affiliates upon their achievement of product development milestones . critical accounting policies and estimates the company 2019s results of operations and financial position are determined based upon the application of the company 2019s accounting policies , as discussed in the notes to the consolidated financial statements . certain of the company 2019s accounting policies represent a selection among acceptable alternatives under generally accepted .

Question: what percent of total contractual cash obligations is due to long-term debt?
Answer: 68%