NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) Note 2—Financial Instruments (Continued) Typically, the Company hedges portions of its forecasted foreign currency exposure associated with revenue and inventory purchases over a time horizon of up to 6 months.
Derivative instruments designated as cash flow hedges must be de-designated as hedges when it is probable the forecasted hedged transaction will not occur in the initially identified time period or within a subsequent 2 month time period.
Deferred gains and losses in other comprehensive income associated with such derivative instruments are immediately reclassified into earnings in other income and expense.
Any subsequent changes in fair value of such derivative instruments are also reflected in current earnings unless they are re-designated as hedges of other transactions.
The Company recognized net gains of approximately $672,000 and $421,000 in 2007 and 2006, respectively, and a net loss of $1.6 million in 2005 in other income and expense related to the loss of hedge designation on discontinued cash flow hedges due to changes in the Company’s forecast of future net sales and cost of sales and due to prevailing market conditions.
As of September 29, 2007, the Company had a net deferred gain associated with cash flow hedges of approximately $468,000, net of taxes, substantially all of which is expected to be reclassified to earnings by the end of the second quarter of fiscal 2008.
The net gain or loss on the effective portion of a derivative instrument designated as a net investment hedge is included in the cumulative translation adjustment account of accumulated other comprehensive income within shareholders’ equity.
For the years ended September 29, 2007 and September 30, 2006, the Company had a net loss of $2.6 million and a net gain of $7.4 million, respectively, included in the cumulative translation adjustment.
The Company may also enter into foreign currency forward and option contracts to offset the foreign exchange gains and losses generated by the re-measurement of certain assets and liabilities recorded in non-functional currencies.
Changes in the fair value of these derivatives are recognized in current earnings in other income and expense as offsets to the changes in the fair value of the related assets or liabilities.
Due to currency market movements, changes in option time value can lead to increased volatility in other income and expense.
Note 3—Consolidated Financial Statement Details (in millions) Other Current Assets
## Table 0 ##
participation in refund anticipation loans (RALs) and Emerald Advance lines of credit.
Segment revenues constituted 74.3% of our consolidated revenues from continuing operations for fiscal year 2009, 73.1% for 2008 and 72.4% for 2007.
Retail income tax return preparation and related services are provided by tax professionals via a system of retail offices operated directly by us or by franchisees.
We also offer our services through seasonal offices located inside major retailers.
TAX RETURNS PREPARED – We, together with our franchisees, prepared approximately 24.0 million tax returns worldwide during fiscal year 2009, compared to 24.6 million in 2008 and 24.0 million in 2007.
We prepared 21.1 million tax returns in the U. S.  during fiscal year 2009, down from 21.8 million in 2008 and 21.5 million in 2007.
Our U. S.  tax returns prepared, including those prepared and filed at no charge, for the 2009 tax season constituted 15.8% of an Internal Revenue Service (IRS) estimate of total individual income tax returns filed during the fiscal year 2009 tax season.
This compares to 16.2% in the 2008 tax season, excluding tax returns filed as a result of the Economic Stimulus Act of 2008 (Stimulus Act), and 16.5% in 2007.
FRANCHISES – We offer franchises as a way to expand our presence in the market.
Our franchise arrangements provide us with certain rights designed to protect our brand.
Most of our franchisees receive use of our software, access to product offerings and expertise, signs, specialized forms, local advertising, initial training and supervisory services, and pay us a percentage, typically approximately 30%, of gross tax return preparation and related service revenues as a franchise royalty.
From time to time, we have acquired the territories of existing franchisees and other tax return preparation businesses, and may continue to do so if future conditions warrant and satisfactory terms can be negotiated.
During fiscal year 2009, we acquired the assets and franchise rights of our last major independent franchise operator for an aggregate purchase price of $279.2 million.
Results of the acquisition are included in our consolidated financial statements at April 30, 2009.
See Item 8, note 2 to our consolidated financial statements for additional information.
We have also initiated a program to optimize our retail tax office network, including the mix of franchised and company-owned offices.
During fiscal year 2009 we sold certain offices to existing franchisees for sales proceeds totaling $16.9 million.
The net gain on these transactions totaled $14.9 million.
We expect to continue this program in the coming years.
The extent to which we refranchise offices will depend upon ongoing analysis regarding the optimal mix of offices for our network, including geographic location, as well as our ability to identify qualified franchisees.
OFFICES – A summary of our company-owned and franchise offices is as follows:
## Table 1 ##
(1) Shared locations include offices located within Sears, Wal-Mart or other third-party businesses.
The acquisition of our last major independent franchise operator included a network of over 600 tax offices, nearly two-thirds of which converted to company-owned offices upon the closing of the transaction, as reflected in the table above.
Offices in shared locations at April 30, 2009, include 722 offices in Sears stores operated as “H&R Block at Sears” and 1,030 offices operated in Wal-Mart stores.
The Sears license agreement expires in July 2010.
The Wal-Mart agreement expired in May 2009, and the related offices have been closed.
During fiscal year 2007, we acquired ExpressTax, a national franchisor of tax preparation businesses, for an aggregate cash purchase price of $5.7 million.
This acquisition added 249 offices to our network, which continue to operate under the ExpressTax brand.
There are currently 368 offices operating under the ExpressTax brand.
The RedGearreporting unit within our Tax Services segment experienced lower than expected revenues, and as a result, we evaluated this reporting unit’s goodwill for impairment at January 31, 2011.
The measurement of impairment of goodwill consists of two steps.
In the first step, we compared the fair value of this reporting unit, determined using discounted cash flows, to its carrying value.
As the results of the first test indicated that the fair value was less than its carrying value, we then performed the second step, which was to determine the implied fair value of its goodwill and to compare that to its carrying value.
The second step included hypothetically valuing all of the tangible and intangible assets of this reporting unit.
As a result, we recorded an impairment of the reporting unit’s goodwill of $22.7 million, leaving a remaining goodwill balance of approximately $14 million.
The impairment is included in selling, general and administrative expenses on the consolidated statements of income.
We recorded a $15.0 million impairment in our Business Services segment in fiscal year 2010, related to RSM EquiCo, due to declining revenues and profitability.
We recorded a $2.2 million goodwill impairment in our Tax Services segment in fiscal year 2009, which was a result of the closure of a previously acquired business.
The components of intangible assets are as follows:
## Table 2 ##
Amortization of intangible assets of continuing operations for the years ended April 30, 2011, 2010 and 2009 was $29.5 million, $30.0 million and $24.9 million, respectively.
Estimated amortization of intangible assets for fiscal years 2012, 2013, 2014, 2015 and 2016 is $27.3 million, $22.8 million, $19.3 million, $14.5 million and $13.1 million, respectively.
In connection with the acquisition of Caturano, as discussed in note 2, we recorded a liability related to unfavorable operating lease terms in the amount of $5.9 million, which will be amortized over the remaining contractual life of the operating lease.
The net balance was $5.5 million at April 30, 2011.
THE GOLDMAN SACHS GROUP, INC.  AND SUBSIDIARIES Notes to Consolidated Financial Statements In the tables above: ‰ The gross fair values exclude the effects of both counterparty netting and collateral netting, and therefore are not representative of the firm’s exposure.
‰ Counterparty netting is reflected in each level to the extent that receivable and payable balances are netted within the same level and is included in counterparty netting in levels.
Where the counterparty netting is across levels, the netting is included in cross-level counterparty netting.
‰ Derivative assets are shown as positive amounts and derivative liabilities are shown as negative amounts.
Significant Unobservable Inputs The table below presents the amount of level 3 assets (liabilities), and ranges, averages and medians of significant unobservable inputs used to value the firm’s level 3 derivatives.
## Table 3 ##
In the table above: ‰ Derivative assets are shown as positive amounts and derivative liabilities are shown as negative amounts.
‰ Ranges represent the significant unobservable inputs that were used in the valuation of each type of derivative.
‰ Averages represent the arithmetic average of the inputs and are not weighted by the relative fair value or notional of the respective financial instruments.
An average greater than the median indicates that the majority of inputs are below the average.
For example, the difference between the average and the median for credit spreads and oil spread inputs indicates that the majority of the inputs fall in the lower end of the range.
‰ The ranges, averages and medians of these inputs are not representative of the appropriate inputs to use when calculating the fair value of any one derivative.
For example, the highest correlation for interest rate derivatives is appropriate for valuing a specific interest rate derivative but may not be appropriate for valuing any other interest rate derivative.
Accordingly, the ranges of inputs do not represent uncertainty in, or possible ranges of, fair value measurements of the firm’s level 3 derivatives.
‰ Interest rates, currencies and equities derivatives are valued using option pricing models, credit derivatives are valued using option pricing, correlation and discounted cash flow models, and commodities derivatives are valued using option pricing and discounted cash flow models.
‰ The fair value of any one instrument may be determined using multiple valuation techniques.
For example, option pricing models and discounted cash flows models are typically used together to determine fair value.
Therefore, the level 3 balance encompasses both of these techniques.
‰ Correlation within currencies and equities includes crossproduct type correlation.
‰ Natural gas spread represents the spread per million British thermal units of natural gas.
‰ Oil spread represents the spread per barrel of oil and refined products.
Range of Significant Unobservable Inputs The following is information about the ranges of significant unobservable inputs used to value the firm’s level 3 derivative instruments: ‰ Correlation.
Ranges for correlation cover a variety of underliers both within one product type (e. g. , equity index and equity single stock names) and across product types (e. g. , correlation of an interest rate and a currency), as well as across regions.
Generally, cross-product type correlation inputs are used to value more complex instruments and are lower than correlation inputs on assets within the same derivative product type.
‰ Volatility.
Ranges for volatility cover numerous underliers across a variety of markets, maturities and strike prices.
For example, volatility of equity indices is generally lower than volatility of single stocks.
‰ Credit spreads, upfront credit points and recovery rates.
The ranges for credit spreads, upfront credit points and recovery rates cover a variety of underliers (index and single names), regions, sectors, maturities and credit qualities (high-yield and investment-grade).
The broad range of this population gives rise to the width of the ranges of significant unobservable inputs.
Revenues 2007 to 2006 Annual Comparison.
Revenues, as shown in the table above under “—Operating Results,” increased $169 million, from $7.812 billion in 2006 to $7.981 billion in 2007, principally driven by the $108 million increase in net realized investment gains and an increase of $109 million in net investment income.
The increase in net investment income reflects higher income on joint venture and limited partnership investments and public equity investments.
These increases in revenue were partially offset by a decrease in premiums, with a corresponding decline in changes in reserves, as the policies in force have matured or terminated.
We expect this decline in premiums for this business to continue as these polices continue to mature or terminate.2006 to 2005 Annual Comparison.
Revenues decreased $214 million, from $8.026 billion in 2005 to $7.812 billion in 2006.
Revenues in 2006 reflect a decrease of $155 million in net realized investment gains and a decrease of $41 million in net investment income.
Additionally, results in 2006 reflect a decline in premiums, with a corresponding decline in changes in reserves, as policies in force in the Closed Block have matured or terminated.
Benefits and Expenses 2007 to 2006 Annual Comparison.
Benefits and expenses, as shown in the table above under “—Operating Results,” increased $282 million, from $7.409 billion in 2006 to $7.691 billion in 2007.
This increase reflects a $213 million increase in dividends to policyholders reflecting an increase in dividends paid and accrued to policyholders primarily due to an increase in the 2008 dividend scale, as well as an increase in the cumulative earnings policyholder dividend obligation expense of $92 million.
Policyholders’ benefits, including changes in reserves, increased $54 million primarily reflecting higher claim costs in 2007 that continue to increase with the aging of the Closed Block policyholders, and a reserve release in 2006.2006 to 2005 Annual Comparison.
Benefits and expenses decreased $135 million, from $7.544 billion in 2005 to $7.409 billion in 2006, as dividends to policyholders decreased $135 million, reflecting a decline in the policyholder dividend obligation expense of $169 million, partially offset by a $34 million increase in dividends paid and accrued to policyholders.
Income Taxes Shown below is our income tax provision for the years ended December 31, 2007, 2006 and 2005, separately reflecting the impact of certain significant items.
Also presented below is the income tax provision that would have resulted from application of the statutory 35% federal income tax rate in each of these periods.
## Table 4 ##
We employ various tax strategies, including strategies to minimize the amount of taxes resulting from realized capital gains.
We adopted FASB Interpretation No.48, “Accounting for Uncertainty in Income Taxes,” an Interpretation of FASB Statement No.109 on January 1, 2007.
For additional information regarding the adoption of this guidance, see Note 17 of the Consolidated Financial Statements.
The dividends received deduction reduces the amount of dividend income subject to tax and in recent years is the primary component of the non-taxable investment income shown in the table above, and, as such, is a significant component of the difference between our effective tax rate and the federal statutory tax rate of 35%.
In August 2007, the Internal Revenue Service, or Service, issued Revenue Ruling 2007-54, which included, among other items, guidance on the methodology to be followed in calculating the dividends received deduction related to variable life insurance and annuity contracts.
In September 2007, the Service released Revenue Ruling 2007-61.
Revenue Ruling 2007-61 suspended Revenue Ruling 2007-54 and informed taxpayers that the U. S.  Treasury Department and the Service intend to address through new regulations the issues considered in Revenue Ruling 2007-54, including the methodology to be followed in determining the dividends received deduction related to variable life insurance and annuity contracts.
These activities had no impact on our 2007 results.
Fixed Maturity Securities and Unrealized Gains and Losses by Industry Category The following table sets forth the composition of the portion of our fixed maturity securities portfolio by industry category attributable to the Financial Services Businesses as of the dates indicated and the associated gross unrealized gains and losses.
## Table 5 ##
(1) Investment data has been classified based on Lehman industry categorizations for domestic public holdings and similar classifications by industry for all other holdings.
(2) Includes $36 million of gross unrealized gains and $41 million of gross unrealized losses as of December 31, 2007, compared to $24 million of gross unrealized gains and $53 million of gross unrealized losses as of December 31, 2006 on securities classified as held to maturity, which are not reflected in other comprehensive income.
(3) Excluded from the above are available for sale residential mortgage-backed securities held outside the general account in other entities and operations with amortized cost of $603 million and fair value of $608 million, all of which have credit ratings of AAA.
(4) Commercial Mortgage Backed securities were previously presented primarily within Corporate Securities – Finance.
(5) The table above excludes fixed maturity securities classified as trading.
See “—trading account assets supporting insurance liabilities” for additional information.
As a percentage of amortized cost, fixed maturity investments attributable to the Financial Services Businesses as of December 31, 2007, consist primarily of 24% foreign government securities, 13% manufacturing sector, 12% asset-backed securities and 10% finance sector, compared to 22% foreign government securities, 14% asset-backed securities, 13% manufacturing sector and 11% finance sector as of December 31, 2006.
As of December 31, 2007, 96% of the residential mortgage-backed securities in the Financial Services Businesses were publicly traded agency pass-through securities, which are supported by implicit or explicit government guarantees and have credit ratings of AA or AAA.
Collateralized mortgage obligations, including approximately $61 million secured by “ALT-A” mortgages, represented the remaining 4% of residential mortgage-backed securities (and less than 1% of total fixed maturities in the Financial Services Businesses), and all have credit ratings of A or above.
As of December 31, 2007, included within asset-backed securities attributable to the Financial Services Businesses on an amortized cost basis is approximately $7.8 billion ($7.1 billion fair value) of securities collateralized by sub-prime mortgages, $1.8 billion ($1.9 billion fair value) of externally managed investments in the European market, $1.2 billion ($1.2 billion fair value) of securities collateralized by auto loans, $0.9 billion ($0.9 billion fair value) of securities collateralized by credit card receivables, and $2.1 billion ($2.1 billion fair value) of other asset-backed securities.
The $1.8 billion of externally managed investments in European markets, included above in asset-backed securities of the Financial Services Businesses, reflects our investment in medium term notes that are collateralized by portfolios of assets primarily consisting of European fixed income securities and derivatives, including corporate bonds and asset-backed securities.
Our investment in these notes further diversifies our credit risk.
None of the underlying investments are securities collateralized by U. S.  sub-prime mortgages, and 90% of the underlying investments are rated investment grade.
The notes have a stated coupon and provide a return based on the return of the underlying securities.
The notes are accounted for as available for sale fixed maturity securities with embedded derivatives (total return swaps).
Changes in the value of the notes are reported in Stockholders’ Equity under the heading “Accumulated Other Comprehensive Income.
” Changes in the market value of the embedded total return swaps are included in current period earnings in “Realized investment gains (losses), net.
” Adjusted operating income includes cumulative losses and recoveries of such losses on the embedded derivatives in the period they occur.
Cumulative net gains on the embedded derivatives are deferred and amortized into adjusted operating income over the remaining life of the notes.

Tables referenced above, in order (Table 0 first):
<table><tr><td></td><td>2007</td><td>2006</td></tr><tr><td>Vendor non-trade receivables</td><td>$2,392</td><td>$1,593</td></tr><tr><td>NAND flash memory prepayments</td><td>417</td><td>208</td></tr><tr><td>Other current assets</td><td>996</td><td>469</td></tr><tr><td>Total other current assets</td><td>$3,805</td><td>$2,270</td></tr></table>
<table><tr><td>April 30,</td><td> 2009</td><td>2008</td><td>2007</td></tr><tr><td> U.S. OFFICES:</td><td></td><td></td><td></td></tr><tr><td>Company-owned offices</td><td> 7,029</td><td>6,835</td><td>6,669</td></tr><tr><td>Company-owned shared locations<sup>-1</sup></td><td> 1,542</td><td>1,478</td><td>1,488</td></tr><tr><td>Total company-owned offices</td><td> 8,571</td><td>8,313</td><td>8,157</td></tr><tr><td>Franchise offices</td><td> 3,565</td><td>3,812</td><td>3,784</td></tr><tr><td>Franchise shared locations<sup>-1</sup></td><td> 787</td><td>913</td><td>843</td></tr><tr><td>Total franchise offices</td><td> 4,352</td><td>4,725</td><td>4,627</td></tr><tr><td></td><td> 12,923</td><td>13,038</td><td>12,784</td></tr><tr><td> INTERNATIONAL OFFICES:</td><td></td><td></td><td></td></tr><tr><td>Canada</td><td> 1,193</td><td>1,143</td><td>1,070</td></tr><tr><td>Australia</td><td> 378</td><td>366</td><td>360</td></tr><tr><td></td><td> 1,571</td><td>1,509</td><td>1,430</td></tr></table>
<table><tr><td>As of April 30,</td><td colspan="3"> 2011</td><td colspan="3">2010</td></tr><tr><td></td><td>Gross  Carrying  Amount</td><td>Accumulated Amortization</td><td>Net</td><td>Gross  Carrying  Amount</td><td>Accumulated Amortization</td><td>Net</td></tr><tr><td>Tax Services:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Customer relationships</td><td>$87,624</td><td>$-41,076</td><td>$46,548</td><td>$67,705</td><td>$-33,096</td><td>$34,609</td></tr><tr><td>Noncompete agreements</td><td>23,456</td><td>-22,059</td><td>1,397</td><td>23,062</td><td>-21,278</td><td>1,784</td></tr><tr><td>Reacquired franchise rights</td><td>214,330</td><td>-9,961</td><td>204,369</td><td>223,773</td><td>-6,096</td><td>217,677</td></tr><tr><td>Franchise agreements</td><td>19,201</td><td>-3,093</td><td>16,108</td><td>19,201</td><td>-1,813</td><td>17,388</td></tr><tr><td>Purchased technology</td><td>14,700</td><td>-8,505</td><td>6,195</td><td>14,500</td><td>-6,266</td><td>8,234</td></tr><tr><td>Trade name</td><td>1,325</td><td>-600</td><td>725</td><td>1,325</td><td>-400</td><td>925</td></tr><tr><td>Business Services:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Customer relationships</td><td>152,079</td><td>-128,738</td><td>23,341</td><td>145,149</td><td>-120,037</td><td>25,112</td></tr><tr><td>Noncompete agreements</td><td>35,818</td><td>-24,662</td><td>11,156</td><td>33,052</td><td>-22,118</td><td>10,934</td></tr><tr><td>Attest firm affiliation</td><td>7,629</td><td>-318</td><td>7,311</td><td>–</td><td>–</td><td>–</td></tr><tr><td>Trade name – amortizing</td><td>2,600</td><td>-2,600</td><td>–</td><td>2,600</td><td>-2,600</td><td>–</td></tr><tr><td>Trade name –non-amortizing</td><td>55,637</td><td>-4,868</td><td>50,769</td><td>55,637</td><td>-4,868</td><td>50,769</td></tr><tr><td>Total intangible assets</td><td>$614,399</td><td>$-246,480</td><td>$367,919</td><td>$586,004</td><td>$-218,572</td><td>$367,432</td></tr></table>
<table><tr><td></td><td>Level 3 Assets (Liabilities) and Range of Significant Unobservable Inputs (Average/Median) as of December</td></tr><tr><td><i>$ in millions</i></td><td>2017</td><td>2016</td></tr><tr><td>Interest rates, net</td><td>$-410</td><td>$-381</td></tr><tr><td>Correlation</td><td>-10% to 95% -71%/79%</td><td>-10% to 86% -56%/60%</td></tr><tr><td>Volatility (bps)</td><td>31 to 150 -84/78</td><td>31 to 151 -84/57</td></tr><tr><td>Credit, net</td><td>$1,505</td><td>$2,504</td></tr><tr><td>Correlation</td><td>28% to 84% -61%/60%</td><td>35% to 91% -65%/68%</td></tr><tr><td>Credit spreads (bps)</td><td>1 to 633 -69/42</td><td>1 to 993 -122/73</td></tr><tr><td>Upfront credit points</td><td>0 to 97 -42/38</td><td>0 to 100 -43/35</td></tr><tr><td>Recovery rates</td><td>22% to 73% -68%/73%</td><td>1% to 97% -58%/70%</td></tr><tr><td>Currencies, net</td><td>$-181</td><td>$3</td></tr><tr><td>Correlation</td><td>49% to 72% -61%/62%</td><td>25% to 70% -50%/55%</td></tr><tr><td>Commodities, net</td><td>$47</td><td>$73</td></tr><tr><td>Volatility</td><td>9% to 79% -24%/24%</td><td>13% to 68% -33%/33%</td></tr><tr><td>Natural gas spread</td><td>$-2.38 to $3.34 -$(0.22/$(0.12))</td><td>$-1.81 to $4.33 -$(0.14/$(0.05))</td></tr><tr><td>Oil spread</td><td>$-2.86 to $23.61 -$6.47/$2.35</td><td>$-19.72 to $64.92 -$25.30/$16.43</td></tr><tr><td>Equities, net</td><td>$-1,249</td><td>$-3,416</td></tr><tr><td>Correlation</td><td>-36% to 94% -50%/52%</td><td>-39% to 88% -41%/41%</td></tr><tr><td>Volatility</td><td>4% to 72% -24%/22%</td><td>5% to 72% -24%/23%</td></tr></table>
<table><tr><td></td><td colspan="3">Year ended December 31,</td></tr><tr><td></td><td>2007</td><td>2006</td><td>2005</td></tr><tr><td></td><td colspan="3">(in millions)</td></tr><tr><td>Tax provision</td><td>$1,245</td><td>$1,245</td><td>$803</td></tr><tr><td>Impact of:</td><td></td><td></td><td></td></tr><tr><td>Non-taxable investment income</td><td>253</td><td>252</td><td>185</td></tr><tr><td>Foreign taxes at other than U.S. rate</td><td>68</td><td>58</td><td>-61</td></tr><tr><td>Low income housing and other tax credits</td><td>67</td><td>51</td><td>53</td></tr><tr><td>Change in valuation allowance</td><td>32</td><td>2</td><td>-76</td></tr><tr><td>State and local taxes</td><td>-21</td><td>-21</td><td>-22</td></tr><tr><td>Non-deductible expenses</td><td>-10</td><td>-45</td><td>-70</td></tr><tr><td>Completion of Internal Revenue Service examination for the years 1997 to 2001</td><td>—</td><td>—</td><td>720</td></tr><tr><td>Other</td><td>6</td><td>-4</td><td>-36</td></tr><tr><td>Tax provision excluding these items</td><td>$1,640</td><td>$1,538</td><td>$1,496</td></tr><tr><td>Tax provision at statutory rate</td><td>$1,640</td><td>$1,538</td><td>$1,496</td></tr></table>
<table><tr><td></td><td colspan="4"> December 31, 2007</td><td colspan="4"> December 31, 2006</td></tr><tr><td> Industry-1</td><td> Amortized Cost</td><td> Gross Unrealized Gains-2</td><td> Gross Unrealized Losses-2</td><td> Fair Value</td><td> Amortized Cost</td><td> Gross Unrealized Gains-2</td><td> Gross Unrealized Losses-2</td><td> Fair Value</td></tr><tr><td></td><td colspan="8"> (in millions)</td></tr><tr><td>Corporate Securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Manufacturing</td><td>$14,754</td><td>$523</td><td>$248</td><td>$15,029</td><td>$14,126</td><td>$577</td><td>$138</td><td>$14,565</td></tr><tr><td>Finance</td><td>11,009</td><td>141</td><td>247</td><td>10,903</td><td>12,425</td><td>267</td><td>68</td><td>12,624</td></tr><tr><td>Utilities</td><td>10,170</td><td>408</td><td>191</td><td>10,387</td><td>9,313</td><td>454</td><td>74</td><td>9,693</td></tr><tr><td>Services</td><td>8,238</td><td>237</td><td>191</td><td>8,284</td><td>7,397</td><td>297</td><td>71</td><td>7,623</td></tr><tr><td>Energy</td><td>4,009</td><td>157</td><td>69</td><td>4,097</td><td>3,550</td><td>189</td><td>45</td><td>3,694</td></tr><tr><td>Transportation</td><td>2,872</td><td>112</td><td>38</td><td>2,946</td><td>2,483</td><td>128</td><td>20</td><td>2,591</td></tr><tr><td>Retail and Wholesale</td><td>2,722</td><td>64</td><td>50</td><td>2,736</td><td>2,605</td><td>78</td><td>20</td><td>2,663</td></tr><tr><td>Other</td><td>742</td><td>11</td><td>20</td><td>733</td><td>549</td><td>11</td><td>16</td><td>544</td></tr><tr><td>Total Corporate Securities</td><td>54,516</td><td>1,653</td><td>1,054</td><td>55,115</td><td>52,448</td><td>2,001</td><td>452</td><td>53,997</td></tr><tr><td>Foreign Government</td><td>27,606</td><td>904</td><td>98</td><td>28,412</td><td>25,164</td><td>685</td><td>70</td><td>25,779</td></tr><tr><td>Asset-Backed Securities</td><td>13,833</td><td>123</td><td>747</td><td>13,209</td><td>16,073</td><td>156</td><td>29</td><td>16,200</td></tr><tr><td>Residential Mortgage Backed-3</td><td>7,782</td><td>104</td><td>46</td><td>7,840</td><td>8,523</td><td>77</td><td>53</td><td>8,547</td></tr><tr><td>Commercial Mortgage Backed-4</td><td>6,581</td><td>102</td><td>25</td><td>6,658</td><td>6,909</td><td>57</td><td>34</td><td>6,932</td></tr><tr><td>U.S. Government</td><td>3,168</td><td>416</td><td>—</td><td>3,584</td><td>2,812</td><td>324</td><td>14</td><td>3,122</td></tr><tr><td>Total -5</td><td>$113,486</td><td>$3,302</td><td>$1,970</td><td>$114,818</td><td>$111,929</td><td>$3,300</td><td>$652</td><td>$114,577</td></tr></table>

Question: If Trade name for Net develops with the same increasing rate in 2011, what will it reach in 2010?
Answer: 568.243
Reasoning program: subtract(725,925), divide(#0,925), add(const_1,#1), multiply(725,#2)