MARATHON OIL CORPORATION Notes to Consolidated Financial Statements (f) This sale-leaseback financing arrangement relates to a lease of a slab caster at United States Steel’s Fairfield Works facility in Alabama.
We are the primary obligor under this lease.
Under the Financial Matters Agreement, United States Steel has assumed responsibility for all obligations under this lease.
This lease is an amortizing financing with a final maturity of 2012, subject to additional extensions.
(g) This obligation relates to a lease of equipment at United States Steel’s Clairton Works cokemaking facility in Pennsylvania.
We are the primary obligor under this lease.
Under the Financial Matters Agreement, United States Steel has assumed responsibility for all obligations under this lease.
This lease is an amortizing financing with a final maturity of 2012.
(h) Marathon Oil Canada Corporation had an 805 million Canadian dollar revolving term credit facility which was secured by substantially all of Marathon Oil Canada Corporation’s assets and included certain financial covenants, including leverage and interest coverage ratios.
In February 2008, the outstanding balance was repaid and the facility was terminated.
(i) These notes are senior secured notes of Marathon Oil Canada Corporation.
The notes were secured by substantially all of Marathon Oil Canada Corporation’s assets.
In January 2008, we provided a full and unconditional guarantee covering the payment of all principal and interest due under the senior notes.
(j) These obligations as of December 31, 2008 include $126 million related to assets under construction at that date for which capital leases or sale-leaseback financings will commence upon completion of construction.
The amounts currently reported are based upon the percent of construction completed as of December 31, 2008 and therefore do not reflect future minimum lease obligations of $209 million.
(k) Payments of long-term debt for the years 2009 – 2013 are $99 million, $98 million, $257 million, $1,487 million and $279 million.
Of these amounts, payments assumed by United States Steel are $15 million, $17 million, $161 million, $19 million and zero.
(l) In the event of a change in control, as defined in the related agreements, debt obligations totaling $669 million at December 31, 2008, may be declared immediately due and payable.
(m) See Note 17 for information on interest rate swaps.
On February 17, 2009, we issued $700 million aggregate principal amount of senior notes bearing interest at 6.5 percent with a maturity date of February 15, 2014 and $800 million aggregate principal amount of senior notes bearing interest at 7.5 percent with a maturity date of February 15, 2019.
Interest on both issues is payable semiannually beginning August 15, 2009.21.
Asset Retirement Obligations The following summarizes the changes in asset retirement obligations:
## Table 0 ##
(a) See Note 7 for information related to our assets held for sale.
(b) Includes asset retirement obligation of $2 and $3 million classified as short-term at December 31, 2008, and 2007.
comprehensive income, the components of net income, and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements.
The ASU is effective for us in our third quarter of fiscal 2012 and should be applied retrospectively.
We are currently evaluating the impact of our pending adoption of ASU 2011-05 on our consolidated financial statements.
In May 2011, the FASB issued ASU No.2011-04, Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U. S.  GAAP and International Financial Reporting Standards (Topic 820)-Fair Value Measurement (ASU 2011-04), to provide a consistent definition of fair value and ensure that the fair value measurement and disclosure requirements are similar between U. S.  GAAP and International Financial Reporting Standards.
ASU 2011-04 changes certain fair value measurement principles and enhances the disclosure requirements particularly for level 3 fair value measurements.
ASU 2011-04 is effective for us in our first quarter of fiscal 2013 and should be applied prospectively.
We are currently evaluating the impact of our pending adoption of ASU 2011-04 on our consolidated financial statements.
Backlog At June 25, 2011 and June 26, 2010, our current quarter backlog was approximately $460 million and $614 million, respectively.
We include in our backlog orders with customer request dates within the next three months.
As is customary in the semiconductor industry, these orders may be canceled in most cases without penalty to the customers.
In addition, our backlog includes orders from domestic distributors for which revenues are not recognized until the products are sold by the distributors.
Accordingly, we believe that our backlog at any time should not be used as a measure of future revenues.
All backlog amounts have been adjusted for estimated future U. S.  distribution ship and debit pricing adjustments.
Please refer to the Risk Factor titled “Incorrect forecasts, reductions, cancellations or delays in orders for our products could adversely affect our results of operations” for the risks associated with backlog.
Financial Condition, Liquidity and Capital Resources As of June 25, 2011, our available funds consisted of $1,013 million in cash, cash equivalents and shortterm investments.
We anticipate that the available funds and cash generated from operations will be sufficient to meet cash and working capital requirements, including the anticipated level of capital expenditures, common stock repurchases, and dividend payments for at least the next twelve months.
Financial Condition Cash flows were as follows:
## Table 1 ##
Operating activities Cash provided by operating activities is net income adjusted for certain non-cash items and changes in certain assets and liabilities.
Cash from operations for the year ended June 25, 2011 increased by approximately $370.5 million compared with the year ended June 26, 2010.
This was due to an increase in net income of $363.9 million, a reduction in the receivables by $167.5 million and a reduction in other current assets by $132.6 million, over the
MAXIM INTEGRATED PRODUCTS, INC.  CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY
## Table 2 ##
See accompanying Notes to Consolidated Financial Statements.

Tables referenced above, in order (Table 0 first):
<table><tr><td><i>(In millions)</i></td><td>2008</td><td>2007</td></tr><tr><td>Asset retirement obligations as of January 1</td><td>$1,134</td><td>$1,044</td></tr><tr><td>Liabilities incurred, including acquisitions</td><td>30</td><td>60</td></tr><tr><td>Liabilities settled</td><td>-94</td><td>-10</td></tr><tr><td>Accretion expense (included in depreciation, depletion and amortization)</td><td>66</td><td>61</td></tr><tr><td>Revisions to previous estimates</td><td>24</td><td>-17</td></tr><tr><td>Held for sale<sup>(a)</sup></td><td>-195</td><td>–</td></tr><tr><td>Deconsolidation of EGHoldings</td><td>–</td><td>-4</td></tr><tr><td>Asset retirement obligations as of December 31<sup>(b)</sup></td><td>$965</td><td>$1,134</td></tr></table>
<table><tr><td></td><td>June 25,2011</td><td>June 26,2010</td><td>June 27,2009</td></tr><tr><td></td><td colspan="3">(in thousands)</td></tr><tr><td>Net cash provided by operating activities</td><td>$861,454</td><td>$490,953</td><td>$445,795</td></tr><tr><td>Net cash used in investing activities</td><td>-278,334</td><td>-241,648</td><td>-191,717</td></tr><tr><td>Net cash used in financing activities</td><td>-447,091</td><td>-132,141</td><td>-557,849</td></tr><tr><td>Net increase (decrease) in cash and cash equivalents</td><td>$136,029</td><td>$117,164</td><td>$-303,771</td></tr></table>
<table><tr><td></td><td colspan="2">Common Stock</td><td rowspan="2">Additional Paid-In Capital</td><td></td><td rowspan="2">Accumulated other Comprehensive Loss</td><td rowspan="2">Total Stockholders' Equity</td></tr><tr><td>(In thousands)</td><td>Shares</td><td>Par Value</td><td>Retained Earnings</td></tr><tr><td>Balance, June 28, 2008</td><td>320,553</td><td>321</td><td>251,478</td><td>2,901,139</td><td>-5,127</td><td>3,147,811</td></tr><tr><td>Components of comprehensive income:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net income</td><td></td><td></td><td></td><td>10,455</td><td></td><td>10,455</td></tr><tr><td>Unrealized actuarial loss on post-retirement benefits, net of tax</td><td></td><td></td><td></td><td></td><td>-3,762</td><td>-3,762</td></tr><tr><td>Tax effect of the unrealized exchange loss on long-term intercompany receivable</td><td></td><td></td><td></td><td></td><td>552</td><td>552</td></tr><tr><td>Unrealized gain on available-for-sale investments, net of tax</td><td></td><td></td><td></td><td></td><td>681</td><td>681</td></tr><tr><td>Total comprehensive income</td><td></td><td></td><td></td><td></td><td></td><td>7,926</td></tr><tr><td>Repurchase of common stock</td><td>-18,132</td><td>-18</td><td>-174,172</td><td>-60,942</td><td></td><td>-235,132</td></tr><tr><td>Common stock issued under stock plans, net of shares withheld for employee taxes</td><td>3,598</td><td>3</td><td>-20,590</td><td></td><td></td><td>-20,587</td></tr><tr><td>Stock based compensation</td><td></td><td></td><td>162,010</td><td></td><td></td><td>162,010</td></tr><tr><td>Tax shortfall on settlement of equity instruments</td><td></td><td></td><td>-195,294</td><td>-21,541</td><td></td><td>-216,835</td></tr><tr><td>Modification of equity instruments to liability</td><td></td><td></td><td>-18,658</td><td></td><td></td><td>-18,658</td></tr><tr><td>Modification of liability instruments to equity</td><td></td><td></td><td>16,431</td><td></td><td></td><td>16,431</td></tr><tr><td>Dividends paid</td><td></td><td></td><td></td><td>-248,501</td><td></td><td>-248,501</td></tr><tr><td>Balance, June 27, 2009</td><td>306,019</td><td>306</td><td>21,205</td><td>2,580,610</td><td>-7,656</td><td>2,594,465</td></tr><tr><td>Components of comprehensive income:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net income</td><td></td><td></td><td></td><td>125,139</td><td></td><td>125,139</td></tr><tr><td>Unrealized actuarial loss on post-retirement benefits, net of tax</td><td></td><td></td><td></td><td></td><td>-896</td><td>-896</td></tr><tr><td>Tax effect of the unrealized exchange gain on long-term intercompany receivable</td><td></td><td></td><td></td><td></td><td>-1,893</td><td>-1,893</td></tr><tr><td>Unrealized loss on available-for-sale investments, net of tax</td><td></td><td></td><td></td><td></td><td>-1,346</td><td>-1,346</td></tr><tr><td>Unrealized loss on forward-exchange contracts, net of tax</td><td></td><td></td><td></td><td></td><td>-150</td><td>-150</td></tr><tr><td>Total comprehensive income</td><td></td><td></td><td></td><td></td><td></td><td>120,854</td></tr><tr><td>Repurchase of common stock</td><td>-10,303</td><td>-10</td><td>-93,499</td><td>-97,396</td><td></td><td>-190,905</td></tr><tr><td>Common stock issued under stock plans, net of shares withheld for employee taxes</td><td>3,295</td><td>3</td><td>-29,475</td><td></td><td></td><td>-29,472</td></tr><tr><td>Stock based compensation</td><td></td><td></td><td>90,440</td><td></td><td></td><td>90,440</td></tr><tr><td>Tax shortfall on settlement of equity instruments</td><td></td><td></td><td>-15,748</td><td></td><td></td><td>-15,748</td></tr><tr><td>Derivative settlement, net of tax</td><td></td><td></td><td>3,512</td><td></td><td></td><td>3,512</td></tr><tr><td>Modification of equity instruments to liability</td><td></td><td></td><td>-1,205</td><td></td><td></td><td>-1,205</td></tr><tr><td>Common stock issued under Employee Stock Purchase Plan</td><td>1,837</td><td>2</td><td>24,770</td><td></td><td></td><td>24,772</td></tr><tr><td>Dividends paid</td><td></td><td></td><td></td><td>-243,755</td><td></td><td>-243,755</td></tr><tr><td>Balance, June 26, 2010</td><td>300,848</td><td>$301</td><td>$—</td><td>$2,364,598</td><td>$-11,941</td><td>$2,352,958</td></tr><tr><td>Components of comprehensive income:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net income</td><td></td><td></td><td></td><td>489,009</td><td></td><td>489,009</td></tr><tr><td>Unrealized actuarial loss on post-retirement benefits, net of tax</td><td></td><td></td><td></td><td></td><td>-289</td><td>-289</td></tr><tr><td>Tax effect of the unrealized exchange gain on long-term intercompany receivable</td><td></td><td></td><td></td><td></td><td>-2,369</td><td>-2,369</td></tr><tr><td>Unrealized loss on available-for-sale investments, net of tax</td><td></td><td></td><td></td><td></td><td>331</td><td>331</td></tr><tr><td>Total comprehensive income</td><td></td><td></td><td></td><td></td><td></td><td>486,682</td></tr><tr><td>Repurchase of common stock</td><td>-10,880</td><td>-11</td><td>-151,329</td><td>-79,672</td><td></td><td>-231,012</td></tr><tr><td>Common stock issued under stock plans, net of shares withheld for employee taxes</td><td>2,660</td><td>3</td><td>-28,839</td><td></td><td></td><td>-28,836</td></tr><tr><td>Stock Options Exercised</td><td>1,461</td><td>1</td><td>24,829</td><td></td><td></td><td>24,830</td></tr><tr><td>Stock based compensation</td><td></td><td></td><td>93,623</td><td></td><td></td><td>93,623</td></tr><tr><td>Tax benefit on settlement of equity instruments</td><td></td><td></td><td>30,546</td><td></td><td></td><td>30,546</td></tr><tr><td>Modification of liability instruments to equity</td><td></td><td></td><td>2,350</td><td></td><td></td><td>2,350</td></tr><tr><td>Common stock issued under Employee Stock Purchase Plan</td><td>1,691</td><td>2</td><td>28,820</td><td></td><td></td><td>28,822</td></tr><tr><td>Dividends paid</td><td></td><td></td><td></td><td>-249,145</td><td></td><td>-249,145</td></tr><tr><td>Balance, June 25, 2011</td><td>295,780</td><td>$296</td><td>$—</td><td>$2,524,790</td><td>$-14,268</td><td>$2,510,818</td></tr></table>

Question: by how much did asset retirement obligations decrease from 2007 to 2008?
Answer: -0.14903
Reasoning program: subtract(965,1134), divide(#0,1134)