during the last half of the year, the unsecured consumer portfolios within Global Card Services experienced lower levels of delinquency and by the fourth quarter consumer credit began to stabilize and in some cases improve.
As part of our ongoing risk mitigation and consumer client support initiatives, we have been working with borrowers to modify their loans to terms that better align with their current ability to pay.
Under certain circumstances, we identify these as TDRs which are modifications where an economic concession is granted to a borrower experiencing financial difficulty.
For more information on TDRs and portfolio impacts, see Nonperforming Consumer Loans and Foreclosed Properties Activity beginning on page 74 and Note 6 – Outstanding Loans and Leases to the Consolidated Financial Statements.
Table 17 presents our consumer loans and leases and our managed credit card portfolio, and related credit quality information.
Nonperforming loans do not include consumer credit card, consumer loans secured by personal property or unsecured consumer loans that are past due as these loans are generally charged off no later than the end of the month in which the account becomes 180 days past due.
Real estate-secured past due loans, repurchased pursuant to our servicing agreement with Government National Mortgage Association (GNMA) are not reported as nonperforming as repayments are insured by the Federal Housing Administration (FHA).
Additionally, nonperforming loans and accruing balances past due 90 days or more do not include the Countrywide purchased impaired loans even though the customer may be contractually past due.
Loans that were acquired from Countrywide that were considered impaired were written down to fair value upon acquisition.
In addition to being included in the “Outstandings” column in the following table, these loans are also shown separately, net of purchase accounting adjustments, for increased transparency in the “Countrywide Purchased Impaired Loan Portfolio” column.
For additional information, see Note 6 – Outstanding Loans and Leases to the Consolidated Financial Statements.
Under certain circumstances, loans that were originally classified as discontinued real estate loans upon acquisition have been subsequently modified and are now included in the residential mortgage portfolio shown below.
The impact of the Countrywide portfolio on certain credit statistics is reported where appropriate.
Refer to the Countrywide Purchased Impaired Loan Portfolio discussion beginning on page 71 for more information.
Loans that were acquired from Merrill Lynch were recorded at fair value including those that were considered impaired upon acquisition.
The Merrill Lynch consumer purchased impaired loan portfolio did not materially alter the reported credit quality statistics of the consumer portfolios and is, therefore, excluded from the “Countrywide Purchased Impaired Loan Portfolio” column and discussion that follows.
In addition, the nonperforming loans and delinquency statistics presented below include the Merrill Lynch purchased impaired loan portfolio based on the customer’s performance under the contractual terms of the loan.
At December 31, 2009, consumer loans included $47.2 billion from Merrill Lynch of which $2.0 billion of residential mortgage and $146 million of home equity loans were included in the Merrill Lynch purchased impaired loan portfolio.
There were no reported net charge-offs on these loans during 2009 as the initial fair value at acquisition date already considered the estimated credit losses.
## Table 0 ##
(1) Nonperforming held consumer loans and leases as a percentage of outstanding consumer loans and leases were 3.61 percent (3.86 percent excluding the Countrywide purchased impaired loan portfolio) and 1.68 percent (1.81 percent excluding the Countrywide purchased impaired loan portfolio) at December 31, 2009 and 2008.
(2) Accruing held consumer loans and leases past due 90 days or more as a percentage of outstanding consumer loans and leases were 2.74 percent (2.93 percent excluding Countrywide purchased impaired loan portfolio) and 0.73 percent (0.79 percent excluding the Countrywide purchased impaired loan portfolio) at December 31, 2009 and 2008.
Residential mortgages accruing past due 90 days or more represent repurchases of insured or guaranteed loans.
See Residential Mortgage discussion for more detail.
(3) Outstandings include foreign residential mortgages of $552 million at December 31, 2009 mainly from the Merrill Lynch acquisition.
We did not have any foreign residential mortgage loans at December 31, 2008.
(4) Outstandings include $13.4 billion and $18.2 billion of pay option loans and $1.5 billion and $1.8 billion of subprime loans at December 31, 2009 and 2008.
We no longer originate these products.
(5) Outstandings include dealer financial services loans of $41.6 billion and $40.1 billion, consumer lending loans of $19.7 billion and $28.2 billion, securities-based lending margin loans of $12.9 billion and $0, and foreign consumer loans of $8.0 billion and $1.8 billion at December 31, 2009 and 2008, respectively.
(6) Outstandings include consumer finance loans of $2.3 billion and $2.6 billion, and other foreign consumer loans of $709 million and $618 million at December 31, 2009 and 2008.  n/a = not applicable
Ball Corporation and Subsidiaries Notes to Consolidated Financial Statements 18.
Financial Instruments and Risk Management (continued) The following table provides the effects of derivative instruments in the consolidated statement of earnings and on accumulated other comprehensive earnings (loss) for the year ended December 31:
## Table 1 ##
(a) Gains and losses on commodity contracts are recorded in sales and cost of sales in the statement of earnings.
Virtually all these expenses were passed through to our customers, resulting in no significant impact to earnings.
(b) Losses on interest contracts are recorded in interest expense in the statement of earnings.
(c) Gains and losses on inflation options are recorded in cost of sales in the statement of earnings.
(d) Gains and losses on foreign currency contracts to hedge the sales of products are recorded in cost of sales.
Gains and losses on foreign currency hedges used for translation between segments are reflected in selling, general and administrative expenses in the consolidated statement of earnings.
(e) Gains and losses on equity put option contracts are recorded in selling, general and administrative expenses in the consolidated statement of earnings.
Government Contract Considerations Our contractual arrangements with the U. S.  government provide for the recovery of contributions to our pension and other post-retirement benefit plans covering employees working in our defense business groups.
For non-funded plans, our government contracts allow us to recover claims paid.
Following payment, these recoverable amounts are allocated to contracts and billed to the customer in accordance with the Cost Accounting Standards (CAS) and specific contractual terms.
For some of these plans, the cumulative pension and post-retirement benefit cost exceeds the amount currently allocable to contracts.
To the extent recovery of the cost is considered probable based on our backlog and probable follow-on contracts, we defer the excess in contracts in process on the Consolidated Balance Sheets until the cost is allocable to contracts.
See Note G for discussion of our other contract costs.
For other plans, the amount allocated to contracts and included in revenues has exceeded the plans’ cumulative benefit cost.
We have deferred recognition of these excess earnings to provide a better matching of revenues and expenses.
These deferrals have been classified against the plan assets on the Consolidated Balance Sheets.
In late 2011, changes were made to the CAS to harmonize the regulations with the PPA.
As a result, pension costs allocable to our contracts are expected to increase beginning in 2014 when the full impact of the CAS regulations begins to take effect.
For certain contracts awarded prior to February 27, 2012, we are entitled to recovery of these additional pension costs from our customers.
We submitted REAs of approximately $165 for these contracts in the fourth quarter of 2012.
Defined-benefit Retirement Plan Summary Financial Information Estimating retirement plan assets, liabilities and costs requires the extensive use of actuarial assumptions.
These include the long-term rate of return on plan assets, the interest rate used to discount projected benefit payments, healthcare cost trend rates and future salary increases.
Given the long-term nature of the assumptions being made, actual outcomes typically differ from these estimates.
Our annual benefit cost consists of three primary elements: the cost of benefits earned by employees for services rendered during the year, an interest charge on our plan liabilities and an assumed return on our plan assets for the year.
The annual cost also includes gains and losses resulting from changes in actuarial assumptions, differences between the actual and assumed long-term rate of return on assets and gains and losses resulting from changes we make to plan benefit terms.
We recognize an asset or liability on the Consolidated Balance Sheets equal to the funded status of each of our defined-benefit retirement plans.
The funded status is the difference between the fair value of the plan’s assets and its benefit obligation.
Changes in plan assets and liabilities due to differences between actuarial assumptions and the actual results of the plan are recorded directly to AOCI in shareholders’ equity on the Consolidated Balance Sheets rather than charged to earnings.
These differences are then amortized over future years as a component of our annual benefit cost.
We amortize actuarial differences under qualified plans on a straight-line basis over the average remaining service period of eligible employees.
We recognize the difference between the actual and expected return on plan assets for qualified plans over five years.
The deferral of these differences reduces the volatility of our annual benefit cost that can result either from year-to-year changes in the assumptions or from actual results that are not necessarily representative of the long-term financial position of these plans.
We recognize differences under nonqualified plans immediately.
Our annual pension and other post-retirement benefit costs consisted of the following:
## Table 2 ##
Other Post-retirement Benefits

Tables referenced above, in order (Table 0 first):
<table><tr><td></td><td colspan="8"> December 31</td></tr><tr><td></td><td colspan="2"> Outstandings</td><td colspan="2"> Nonperforming<sup>-1</sup></td><td colspan="2"> Accruing Past Due 90 Days or More<sup>-2</sup></td><td colspan="2"> Countrywide Purchased Impaired Loan Portfolio</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> Held basis</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Residential mortgage<sup>-3</sup></td><td>$242,129</td><td>$248,063</td><td>$16,596</td><td>$7,057</td><td>$11,680</td><td>$372</td><td>$11,077</td><td>$10,013</td></tr><tr><td>Home equity</td><td>149,126</td><td>152,483</td><td>3,804</td><td>2,637</td><td>–</td><td>–</td><td>13,214</td><td>14,099</td></tr><tr><td>Discontinued real estate<sup>-4</sup></td><td>14,854</td><td>19,981</td><td>249</td><td>77</td><td>–</td><td>–</td><td>13,250</td><td>18,097</td></tr><tr><td>Credit card – domestic</td><td>49,453</td><td>64,128</td><td>n/a</td><td>n/a</td><td>2,158</td><td>2,197</td><td>n/a</td><td>n/a</td></tr><tr><td>Credit card – foreign</td><td>21,656</td><td>17,146</td><td>n/a</td><td>n/a</td><td>500</td><td>368</td><td>n/a</td><td>n/a</td></tr><tr><td>Direct/Indirect consumer<sup>-5</sup></td><td>97,236</td><td>83,436</td><td>86</td><td>26</td><td>1,488</td><td>1,370</td><td>n/a</td><td>n/a</td></tr><tr><td>Other consumer<sup>-6</sup></td><td>3,110</td><td>3,442</td><td>104</td><td>91</td><td>3</td><td>4</td><td>n/a</td><td>n/a</td></tr><tr><td> Total held</td><td>$577,564</td><td>$588,679</td><td>$20,839</td><td>$9,888</td><td>$15,829</td><td>$4,311</td><td>$37,541</td><td>$42,209</td></tr><tr><td> Supplemental managed basis data</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Credit card – domestic</td><td>$129,642</td><td>$154,151</td><td>n/a</td><td>n/a</td><td>$5,408</td><td>$5,033</td><td>n/a</td><td>n/a</td></tr><tr><td>Credit card – foreign</td><td>31,182</td><td>28,083</td><td>n/a</td><td>n/a</td><td>799</td><td>717</td><td>n/a</td><td>n/a</td></tr><tr><td> Total credit card – managed</td><td>$160,824</td><td>$182,234</td><td>n/a</td><td>n/a</td><td>$6,207</td><td>$5,750</td><td>n/a</td><td>n/a</td></tr></table>
<table><tr><td></td><td>2010</td><td>2009</td></tr><tr><td>($ in millions)</td><td>Cash Flow Hedge – Reclassified Amount From Other Comprehensive Earnings (Loss) – Gain (Loss)</td><td>Gain (Loss) on Derivatives Not Designated As Hedge Instruments</td><td>Cash Flow Hedge – Reclassified Amount From Other Comprehensive Earnings (Loss) – Gain (Loss)</td><td>Gain (Loss) on Derivatives Not Designated As Hedge Instruments</td></tr><tr><td>Commodity contracts(a)</td><td>$-6.4</td><td>$-0.3</td><td>$-96.4</td><td>$-5.1</td></tr><tr><td>Interest rate contracts(b)</td><td>-4.9</td><td>−</td><td>-8.1</td><td>−</td></tr><tr><td>Inflation option contracts(c)</td><td>–</td><td>-0.9</td><td>–</td><td>-0.1</td></tr><tr><td>Foreign exchange contracts(d)</td><td>-2.3</td><td>0.7</td><td>0.7</td><td>6.5</td></tr><tr><td>Equity contracts(e)</td><td>–</td><td>–</td><td>–</td><td>3.2</td></tr><tr><td>Total</td><td>$-13.6</td><td>$-0.5</td><td>$-103.8</td><td>$4.5</td></tr></table>
<table><tr><td></td><td colspan="3">Pension Benefits</td></tr><tr><td>Year Ended December 31</td><td>2010</td><td>2011</td><td>2012</td></tr><tr><td>Service cost</td><td>$211</td><td>$245</td><td>$266</td></tr><tr><td>Interest cost</td><td>509</td><td>517</td><td>523</td></tr><tr><td>Expected return on plan assets</td><td>-600</td><td>-599</td><td>-588</td></tr><tr><td>Recognized net actuarial loss</td><td>87</td><td>173</td><td>287</td></tr><tr><td>Amortization of prior service credit</td><td>-41</td><td>-43</td><td>-42</td></tr><tr><td>Annual benefit cost</td><td>$166</td><td>$293</td><td>$446</td></tr></table>

Question: In what year is Home equity of Outstandings greater than 150000?
Answer: 2008