The following table presents commercial real estate credit quality data by non-homebuilder and homebuilder property types.
Commercial real estate primarily includes commercial loans secured by non owner-occu pied real estate which is dependent on the sale or lease of the real estate as the primary source of repayment.
## Table 0 ##
(1) Includes commercial foreclosed properties of $777 million and $321 million at December 31, 2009 and 2008.
(2) Utilized reservable criticized exposure corresponds to the Special Mention, Substandard and Doubtful asset categories defined by regulatory authorities.
This is defined as loans, excluding those accounted for under the fair value option, SBLCs and bankers’ acceptances.
(3) Net charge-off ratios are calculated as net charge-offs divided by average outstanding loans excluding loans accounted for under the fair value option during the year for each loan and lease category.
(4) Represents loans to borrowers whose primary business is commercial real estate, but the exposure is not secured by the listed property types or is unsecured.
(5) Homebuilder includes condominiums and residential land.
At December 31, 2009, we had total committed non-homebuilder exposure of $84.4 billion compared to $84.1 billion at December 31, 2008.
The increase was due to the Merrill Lynch acquisition, largely offset by repayments and net charge-offs.
Non-homebuilder nonperforming loans and foreclosed properties were $4.8 billion, or 7.73 percent of total non-homebuilder loans and foreclosed properties at December 31, 2009 compared to $1.2 billion, or 2.21 percent at December 31, 2008, with the increase driven by deterioration in the shopping center/retail, office, and land and land development portfolios.
Non-homebuilder utilized reservable criticized exposure increased $11.9 billion to $18.1 billion, or 27.27 percent of total non-homebuilder utilized reservable exposure at December 31, 2009 compared to $6.3 billion, or 10.66 percent, at December 31, 2008.
The increase was driven primarily by office, shopping center/retail and multi-family rental property types which have been the most adversely affected by high unemployment and the slowdown in consumer spending.
For the non-homebuilder portfolio, net charge-offs increased $1.3 billion for 2009 compared to 2008 with the increase concentrated in non-homebuilder land and land development, office, shopping center/ retail and multi-family rental property types.
Within our total non-homebuilder exposure, at December 31, 2009, we had total committed non-homebuilder construction and land development exposure of $24.5 billion compared to $27.8 billion at December 31, 2008.
Non-homebuilder construction and land development exposure is mostly secured and diversified across property types and geographies.
Assets in the non-homebuilder construction and land development portfolio face significant challenges in the current rental market.
Weak rental demand and cash flows and declining property valuations have resulted in increased levels of reservable criticized exposure and nonperforming loans and foreclosed properties.
Nonperforming loans and foreclosed properties and utilized reservable criticized exposure for the non-homebuilder construction and land development portfolio increased $2.0 billion and $6.1 billion from December 31, 2008 to $2.6 billion and $8.9 billion at December 31, 2009.
At December 31, 2009, we had committed homebuilder exposure of $10.4 billion compared to $16.2 billion at December 31, 2008 of which $7.3 billion and $11.0 billion were funded secured loans.
The decline in homebuilder committed exposure was driven by repayments, charge-offs, reduced new home construction and continued risk mitigation initiatives.
Homebuilder nonperforming loans and foreclosed properties stabilized due to the slowdown in the rate of home price declines.
Homebuilder utilized reservable criticized exposure decreased by $1.9 billion driven by higher net charge-offs.
The nonperforming loans, leases and foreclosed properties and the utilized reservable criticized ratios for the homebuilder portfolio were 42.16 percent and 74.44 percent at December 31, 2009 compared to 27.07 percent and 66.33 percent at December 31, 2008.
Lower loan balances and exposures in 2009 drove a portion of the increase in the ratios.
Net charge-offs for the homebuilder portfolio increased $524 million in 2009 from 2008.
Commercial – Foreign The commercial – foreign loan portfolio is managed primarily in Global Banking.
Outstanding loans, excluding loans accounted for under the fair value option, decreased due to repayments as borrowers accessed the capital markets to refinance bank debt and aggressively managed working capital and investment spending, partially offset by the acquisition of Merrill Lynch.
Reduced merger and acquisition activity was also a factor contributing to modest new loan origination.
Net charge-offs increased primarily due to deterioration in the portfolio, particularly in financial services, consumer dependent and housing-related sectors.
For additional information on the commercial – foreign portfolio, refer to the Foreign Portfolio discussion beginning on page 86.
THE GOLDMAN SACHS GROUP, INC.  AND SUBSIDIARIES Management’s Discussion and Analysis Our funding is primarily raised in U. S.  dollar, Euro, British pound and Japanese yen.
We generally distribute our funding products through our own sales force and thirdparty distributors to a large, diverse creditor base in a variety of markets in the Americas, Europe and Asia.
We believe that our relationships with our creditors are critical to our liquidity.
Our creditors include banks, governments, securities lenders, pension funds, insurance companies, mutual funds and individuals.
We have imposed various internal guidelines to monitor creditor concentration across our funding programs.
Secured Funding.
We fund a significant amount of inventory on a secured basis, including repurchase agreements, securities loaned and other secured financings.
As of December 2016 and December 2015, secured funding included in “Collateralized financings” in the consolidated statements of financial condition was $100.86 billion and $114.44 billion, respectively.
We may also pledge our inventory as collateral for securities borrowed under a securities lending agreement or as collateral for derivative transactions.
We also use our own inventory to cover transactions in which we or our clients have sold securities that have not yet been purchased.
Secured funding is less sensitive to changes in our credit quality than unsecured funding, due to our posting of collateral to our lenders.
Nonetheless, we continually analyze the refinancing risk of our secured funding activities, taking into account trade tenors, maturity profiles, counterparty concentrations, collateral eligibility and counterparty rollover probabilities.
We seek to mitigate our refinancing risk by executing term trades with staggered maturities, diversifying counterparties, raising excess secured funding, and prefunding residual risk through our GCLA.
We seek to raise secured funding with a term appropriate for the liquidity of the assets that are being financed, and we seek longer maturities for secured funding collateralized by asset classes that may be harder to fund on a secured basis, especially during times of market stress.
Our secured funding, excluding funding collateralized by liquid government obligations, is primarily executed for tenors of one month or greater.
Assets that may be harder to fund on a secured basis during times of market stress include certain financial instruments in the following categories: mortgage and other asset-backed loans and securities, non-investmentgrade corporate debt securities, equities and convertible debentures and emerging market securities.
Assets that are classified as level 3 in the fair value hierarchy are generally funded on an unsecured basis.
See Notes 5 and 6 to the consolidated financial statements for further information about the classification of financial instruments in the fair value hierarchy and “Unsecured Long-Term Borrowings” below for further information about the use of unsecured long-term borrowings as a source of funding The weighted average maturity of our secured funding included in “Collateralized financings” in the consolidated statements of financial condition, excluding funding that can only be collateralized by highly liquid securities eligible for inclusion in our GCLA, exceeded 120 days as of December 2016.
A majority of our secured funding for securities not eligible for inclusion in the GCLA is executed through term repurchase agreements and securities loaned contracts.
We also raise financing through other types of collateralized financings, such as secured loans and notes.
Goldman Sachs Bank USA (GS Bank USA) has access to funding from the Federal Home Loan Bank (FHLB).
As of December 2016, our outstanding borrowings against the FHLB were $2.43 billion.
GS Bank USA also has access to funding through the Federal Reserve Bank discount window.
While we do not rely on this funding in our liquidity planning and stress testing, we maintain policies and procedures necessary to access this funding and test discount window borrowing procedures.
Unsecured Long-Term Borrowings.
We issue unsecured long-term borrowings as a source of funding for inventory and other assets and to finance a portion of our GCLA.
We issue in different tenors, currencies and products to maximize the diversification of our investor base.
The table below presents our quarterly unsecured long-term borrowings maturity profile as of December 2016.
## Table 1 ##
The weighted average maturity of our unsecured long-term borrowings as of December 2016 was approximately eight years.
To mitigate refinancing risk, we seek to limit the principal amount of debt maturing on any one day or during any week or year.
We enter into interest rate swaps to convert a portion of our unsecured long-term borrowings into floating-rate obligations in order to manage our exposure to interest rates.
See Note 16 to the consolidated financial statements for further information about our unsecured long-term borrowings.
Volatility of capital markets or macroeconomic factors could adversely affect our business.
Changes in financial and capital markets, including market disruptions, limited liquidity, uncertainty regarding Brexit, and interest rate volatility, including as a result of the use or discontinued use of certain benchmark rates such as LIBOR, may increase the cost of financing as well as the risks of refinancing maturing debt.
In addition, our borrowing costs can be affected by short and long-term ratings assigned by rating organizations.
A decrease in these ratings could limit our access to capital markets and increase our borrowing costs, which could materially and adversely affect our financial condition and operating results.
Some of our customers and counterparties are highly leveraged.
Consolidations in some of the industries in which our customers operate have created larger customers, some of which are highly leveraged and facing increased competition and continued credit market volatility.
These factors have caused some customers to be less profitable, increasing our exposure to credit risk.
A significant adverse change in the financial and/or credit position of a customer or counterparty could require us to assume greater credit risk relating to that customer or counterparty and could limit our ability to collect receivables.
This could have an adverse impact on our financial condition and liquidity.
Item 1B.
Unresolved Staff Comments.
None.
Item 2.
Properties.
Our corporate co-headquarters are located in Pittsburgh, Pennsylvania and Chicago, Illinois.
Our co-headquarters are leased and house certain executive offices, our U. S.  business units, and our administrative, finance, legal, and human resource functions.
We maintain additional owned and leased offices throughout the regions in which we operate.
We manufacture our products in our network of manufacturing and processing facilities located throughout the world.
As of December 29, 2018, we operated 84 manufacturing and processing facilities.
We own 81 and lease three of these facilities.
Our manufacturing and processing facilities count by segment as of December 29, 2018 was:
## Table 2 ##
We maintain all of our manufacturing and processing facilities in good condition and believe they are suitable and are adequate for our present needs.
We also enter into co-manufacturing arrangements with third parties if we determine it is advantageous to outsource the production of any of our products.
In the fourth quarter of 2018, we announced our plans to divest certain assets and operations, predominantly in Canada and India, including one owned manufacturing facility in Canada and one owned and one leased facility in India.
See Note 5, Acquisitions and Divestitures, in Item 8, Financial Statements and Supplementary Data, for additional information on these transactions.
Item 3.
Legal Proceedings.
See Note 18, Commitments and Contingencies, in Item 8, Financial Statements and Supplementary Data.
Item 4.
Mine Safety Disclosures.
Not applicable.
PART II Item 5.
Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Our common stock is listed on Nasdaq under the ticker symbol “KHC”.
At June 5, 2019, there were approximately 49,000 holders of record of our common stock.
See Equity and Dividends in Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operations, for a discussion of cash dividends declared on our common stock.

Tables referenced above, in order (Table 0 first):
<table><tr><td></td><td colspan="4"> December 31</td><td colspan="4"> Year Ended December 31</td></tr><tr><td></td><td colspan="2"> Nonperforming Loans and Foreclosed Properties<sup>-1</sup></td><td colspan="2"> Utilized Reservable Criticized Exposure<sup>-2</sup></td><td colspan="2"> Net Charge-offs</td><td colspan="2"> Net Charge-off Ratios<sup>-3</sup></td></tr><tr><td>(Dollars in millions)</td><td> 2009</td><td>2008</td><td> 2009</td><td>2008</td><td> 2009</td><td>2008</td><td>2009</td><td>2008</td></tr><tr><td> Commercial real estate – non-homebuilder</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Office</td><td>$729</td><td>$95</td><td>$3,822</td><td>$801</td><td>$249</td><td>$–</td><td>2.01%</td><td>–%</td></tr><tr><td>Multi-family rental</td><td>546</td><td>232</td><td>2,496</td><td>822</td><td>217</td><td>13</td><td>1.96</td><td>0.18</td></tr><tr><td>Shopping centers/retail</td><td>1,157</td><td>204</td><td>3,469</td><td>1,442</td><td>239</td><td>10</td><td>2.30</td><td>0.11</td></tr><tr><td>Hotels/motels</td><td>160</td><td>9</td><td>1,140</td><td>67</td><td>5</td><td>4</td><td>0.08</td><td>0.09</td></tr><tr><td>Industrial/warehouse</td><td>442</td><td>91</td><td>1,757</td><td>464</td><td>82</td><td>–</td><td>1.34</td><td>–</td></tr><tr><td>Multi-use</td><td>416</td><td>17</td><td>1,578</td><td>409</td><td>146</td><td>24</td><td>2.58</td><td>0.38</td></tr><tr><td>Land and land development</td><td>968</td><td>455</td><td>1,657</td><td>1,281</td><td>286</td><td>–</td><td>8.00</td><td>–</td></tr><tr><td>Other<sup>-4</sup></td><td>417</td><td>88</td><td>2,210</td><td>973</td><td>140</td><td>22</td><td>1.72</td><td>0.42</td></tr><tr><td> Total non-homebuilder</td><td>4,835</td><td>1,191</td><td>18,129</td><td>6,259</td><td>1,364</td><td>73</td><td>2.13</td><td>0.15</td></tr><tr><td> Commercial real estate – homebuilder<sup>-5</sup></td><td>3,228</td><td>3,036</td><td>5,675</td><td>7,571</td><td>1,338</td><td>814</td><td>14.41</td><td>6.25</td></tr><tr><td> Total commercial real estate</td><td>$8,063</td><td>$4,227</td><td>$23,804</td><td>$13,830</td><td>$2,702</td><td>$887</td><td>3.69</td><td>1.41</td></tr></table>
<table><tr><td><i>$ in millions</i></td><td> First Quarter</td><td> Second Quarter</td><td> Third Quarter</td><td> Fourth Quarter</td><td> Total</td></tr><tr><td>2018</td><td> $9,127</td><td> $8,156</td><td> $4,858</td><td> $ 4,563</td><td> $ 26,704</td></tr><tr><td>2019</td><td> 6,634</td><td> 5,975</td><td> 2,765</td><td> 10,220</td><td> 25,594</td></tr><tr><td>2020</td><td> 4,480</td><td> 7,495</td><td> 5,475</td><td> 959</td><td> 18,409</td></tr><tr><td>2021</td><td> 2,652</td><td> 3,497</td><td> 7,347</td><td> 7,249</td><td> 20,745</td></tr><tr><td colspan="3">2022 - thereafter</td><td></td><td></td><td> 97,634</td></tr><tr><td> Total</td><td></td><td></td><td></td><td></td><td> $189,086</td></tr></table>
<table><tr><td></td><td>Owned</td><td>Leased</td></tr><tr><td>United States</td><td>40</td><td>1</td></tr><tr><td>Canada</td><td>2</td><td>—</td></tr><tr><td>EMEA</td><td>12</td><td>—</td></tr><tr><td>Rest of World</td><td>27</td><td>2</td></tr></table>

Question: In the year with largest amount of Office for Nonperforming Loans and Foreclosed Propertiesthe , what's the increasing rate of Multi-family rental for Nonperforming Loans and Foreclosed Propertiesthe ?
Answer: 1.35345
Reasoning program: subtract(546,232), divide(#0,232)