been significant and we are unable to estimate the maximum potential impact of these indemnification provisions on our future results of operations.
To the extent permitted under Delaware law, we have agreements whereby we indemnify our directors and officers for certain events or occurrences while the director or officer is or was serving at our request in such capacity.
The indemnification period covers all pertinent events and occurrences during the director’s or officer’s lifetime.
The maximum potential amount of future payments we could be required to make under these indemnification agreements is unlimited; however, we have director and officer insurance coverage that limits our exposure and enables us to recover a portion of any future amounts paid.
ITEM 7A.
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK All market risk sensitive instruments were entered into for non-trading purposes.
Foreign Currency Risk Foreign Currency Exposures and Hedging Instruments In countries outside the U. S. , we transact business in U. S.  Dollars and various other currencies which subject us to exposure from movements in exchange rates.
We may use foreign exchange purchased options or forward contracts to hedge our foreign currency revenue denominated in Euro, British Pounds and Yen.
Additionally, we hedge our net recognized foreign currency assets and liabilities with foreign exchange forward contracts.
We hedge these exposures to reduce the risk that our earnings and cash flows will be adversely affected by changes in exchange rates.
Our revenue exposures for fiscal 2014, 2013 and 2012 were as follows (in millions, except Yen):
## Table 0 ##
As of November 28, 2014, the total absolute value of all outstanding foreign exchange contracts, including options and forwards, was $672.9 million which included the notional equivalent of $359.5 million in Euros, $104.7 million in British Pounds, $159.5 million in Yen and $49.2 million in other foreign currencies.
As of November 28, 2014, all contracts were set to expire at various dates through June 2015.
The bank counterparties in these contracts expose us to credit-related losses in the event of their nonperformance.
However, to mitigate that risk, we only contract with counterparties who meet our minimum requirements under our counterparty risk assessment process.
In addition, our hedging policy establishes maximum limits for each counterparty.
A sensitivity analysis was performed on all of our foreign exchange derivatives as of November 28, 2014.
This sensitivity analysis measures the hypothetical market value resulting from a 10% shift in the value of exchange rates relative to the U. S.  Dollar.
For option contracts, the Black-Scholes option pricing model was used.
A 10% increase in the value of the U. S.  Dollar and a corresponding decrease in the value of the hedged foreign currency asset would lead to an increase in the fair value of our financial hedging instruments by $40.9 million.
Conversely, a 10% decrease in the value of the U. S.  Dollar would result in a decrease in the fair value of these financial instruments by $28.9 million.
As a general rule, we do not use foreign exchange contracts to hedge local currency denominated operating expenses in countries where a natural hedge exists.
For example, in many countries, revenue in the local currencies substantially offsets the local currency denominated operating expenses.
We also have long-term investment exposures consisting of the capitalization and retained earnings in our non-U.
S.  Dollar functional currency foreign subsidiaries.
As of November 28, 2014 and November 29, 2013, this long-term investment exposure totaled a notional equivalent of $161.7 million and $355.6 million, respectively.
At this time, we do not hedge these long-term investment exposures.
We do not use foreign exchange contracts for speculative trading purposes, nor do we hedge our foreign currency exposure in a manner that entirely offsets the effects of changes in foreign exchange rates.
We regularly review our hedging program and assess the need to utilize financial instruments to hedge currency exposures on an ongoing basis.
diluted share was due primarily to the lower avweragenumber of shares outstonding, resulting from our share repurchases in fiscal 2008.
Revenue in fiscal 2008 increased 11% to $40.0 billion, compared with $35.9 billion in fiscal 2007.
The increase resulted primarily from the net addifion of 137 new Best Buy, Future Shop, Five Star, Pucific Sales and Best Buy Mobile stores during fiscal 2008,a full year of revenue rom new slores added in fiscal 2007,a 2.9% comparable store sales gain and the non-comparable store sales generoted trom the acquisition of Five Star, Pacific Sales and Speakeasy.
The remainder of the revenue increase was due primarily to the faworable effect of fluctuations in foreign currency exchange rates.
Exduding the impact of the extra week in fiscal 2007, the net addition of new stores during the past fiscal year accounted for more than one-half of the revenue increase in fiscal 2008; thecomparable store sales gain accounted for more than two-tenths of the revenue increase; the non-comparable store sales generated from the acquisifion of Five Star, Pacific Sales and Speakeasy accounted for more than one-tenth of the revenue increase; and the remainder of the revenue increase was due to the favorable effect of fluctuations in foreign currency exchange rates.
The following table presents consolidated revenue mix percentages and comparable store sales percentage changes by revenue category in fiscal 2008 and 2007:
## Table 1 ##
(1) Comprised of revenue at stores, call centers and Web sites operating for at least 14 full months, as well as remodeled and expanded locations.
Relocated stores are excluded from the comparable store sales calculation until at least 14 full months after reopening.
Acquired stores are included in the comparable store sales calculation beginning with the first full quarter following the first anniversary of the date of acquisition.
The calculation of the comparable store sales percentage gain excludes the effect of fluctuations in foreign currency exchange rates.
All comparable store sales percentage calculations reflect an equal number of weeks.
The method of calculating comparable store sales varies across the retail industry.
As a result, our method of calculating comparable store sales may not be the same as other retailers’ methods.
(2) Services consists primarily of commissions from the sale of extended service contracts; revenue from computer-related services; product repair revenue; and delivery and installation revenue derived from home theater, mobile audio and appliances.
(3) Other includes revenue, such as fees received from cardholder account activations, that is recognized over time, resulting in revenue recognition that is not indicative of sales activity in the current period.
Other also includes gift card breakage.
These revenue types are excluded from our comparable store sales calculation.
Finally, other includes revenue from the sale of products that are not related to our core offerings.
For these reasons, we do not provide a comparable store sales metric for this revenue category.
Our comparable store sales gain in fiscal 2008 benefited rom a higher averoge transaction amount driven by the continued growth in higher-ticket items, including video goming hardware, flat-panel televisions and notebook computers.
Produds having the largest impact on our iscol 2008 comparable store sales gain included video goming hardware and software, nolebook computers, at-panel televisions and navigafion producs.
An increasein online purchases also contributed to the fiscal 2008 comparable store sales gain.
Revenue rom our online operations increased more than 25% in fiscal 2008 andodded to the overall comparable store sales increase.
Our gross profit rate in fiscol 2008 decreased by 0.5% of revenue to 23.9% of revenue.
The decrease was due primarily to increased sales of lower-margin producs, including increased revenue from notebook computers and video goming hardware.
Our China operations, which cary a significantly lower gross profit rate than our other operations, reduced our gross profit rote in fiscal 2008 by approximately 0.2% of revenue.
These factors were parially oftet by better promofionl programs in home theater, as well as lower financing rates and Reward Zone costs.
Shareholder Return Performance The line graph below compares the annual percentage change in Ball Corporation?s cumulative total shareholder return on its common stock with the cumulative total return of the Dow Jones Containers & Packaging Index and the S&P Composite 500 Stock Index for the five-year period ended December 31, 2011.
It assumes $100 was invested on December 31, 2006, and that all dividends were reinvested.
The Dow Jones Containers & Packaging Index total return has been weighted by market capitalization.
TOTAL RETURN TO STOCKHOLDERS (Assumes $100 investment on 12/31/06)
## Table 2 ##
Total Return Analysis
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Introduction This introduction contains certain information about Con Edison and its subsidiaries, including CECONY.
This introduction is not a summary and should be read together with, and is qualified in its entirety by reference to, the more detailed information appearing elsewhere or incorporated by reference in this report.
Con Edison’s mission is to provide energy services to our customers safely, reliably, efficiently and in an environmentally sound manner; to provide a workplace that allows employees to realize their full potential; to provide a fair return to our investors; and to improve the quality of life in the communities we serve.
Con Edison is a holding company that owns: ?
Consolidated Edison Company of New York, Inc.  (CECONY), which delivers electricity, natural gas and steam to customers in New York City and Westchester County; ?
Orange & Rockland Utilities, Inc.  (O&R), which together with its subsidiary, Rockland Electric Company, delivers electricity and natural gas to customers primarily located in southeastern New York State and northern New Jersey (O&R, together with CECONY referred to as the Utilities); ?
Con Edison Clean Energy Businesses, Inc. , which through its subsidiaries develops, owns and operates renewable and energy infrastructure projects and provide energy-related products and services to wholesale and retail customers (Con Edison Clean Energy Businesses, Inc. , together with its subsidiaries referred to as the Clean Energy Businesses); and ?
Con Edison Transmission, Inc. , which through its subsidiaries invests in electric and gas transmission projects (Con Edison Transmission, Inc. , together with its subsidiaries referred to as Con Edison Transmission).
Con Edison anticipates that the Utilities, which are subject to extensive regulation, will continue to provide substantially all of its earnings over the next few years.
The Utilities have approved rate plans that are generally designed to cover each company’s cost of service, including capital and other costs of each company’s energy delivery systems.
The Utilities recover from their full-service customers (who purchase electricity from them), generally on a current basis, the cost the Utilities pay for energy and charge all of their customers the cost of delivery service.
Selected Financial Data Con Edison
## Table 3 ##
(a) Reflects a charge to earnings of $95 million (after taxes of $63 million) relating to the lease in/lease out (LILO) transactions that were terminated in 2013.
(b) Reflects a $2,947 million decrease in regulatory assets for unrecognized pension and other postretirement costs offset by an increase of $1,497 million, $280 million, $257 million and $223 million in net plant, cash, special deposits and regulatory assets for future income tax, respectively.
(c) Reflects a $2,116 million increase in regulatory assets for unrecognized pension and other postretirement costs and a $1,391 million increase in net plant.
See Notes B, E and F to the financial statements in Item 8.
(d) Reflects a $2,382 million increase in net plant offset by a $970 million decrease in regulatory assets for unrecognized pension and other postretirement costs.
See Notes B, E and F to the financial statements in Item 8.

Tables referenced above, in order (Table 0 first):
<table><tr><td></td><td colspan="2">Fiscal2014</td><td colspan="2">Fiscal2013</td><td colspan="2">Fiscal2012</td></tr><tr><td>Euro</td><td>€</td><td>455.5</td><td>€</td><td>434.7</td><td>€</td><td>530.7</td></tr><tr><td>Yen (in billions)</td><td>¥</td><td>28</td><td>¥</td><td>32.5</td><td>¥</td><td>34.8</td></tr><tr><td>British Pounds</td><td>£</td><td>159.1</td><td>£</td><td>145.3</td><td>£</td><td>145.1</td></tr></table>
<table><tr><td></td><td colspan="2">Revenue Mix Summary Year Ended</td><td colspan="2">Comparable Store Sales Summary -1 Year Ended</td></tr><tr><td></td><td>March 1, 2008</td><td>March 3, 2007</td><td>March 1, 2008</td><td>March 3, 2007</td></tr><tr><td>Consumer electronics</td><td>41%</td><td>42%</td><td>-1.3%</td><td>9.1%</td></tr><tr><td>Home office</td><td>28%</td><td>27%</td><td>7.1%</td><td>0.0%</td></tr><tr><td>Entertainment software</td><td>19%</td><td>18%</td><td>7.9%</td><td>3.2%</td></tr><tr><td>Appliances</td><td>6%</td><td>6%</td><td>-2.6%</td><td>-0.8%</td></tr><tr><td>Services<sup>-2</sup></td><td>6%</td><td>6%</td><td>5.5%</td><td>9.5%</td></tr><tr><td>Other<sup>-3</sup></td><td><1%</td><td><1%</td><td>n/a</td><td>n/a</td></tr><tr><td>Total</td><td>100%</td><td>100%</td><td>2.9%</td><td>5.0%</td></tr></table>
<table><tr><td></td><td>12/31/2006</td><td>12/31/2007</td><td>12/31/2008</td><td>12/31/2009</td><td>12/31/2010</td><td>12/31/2011</td></tr><tr><td>Ball Corporation</td><td>$100.00</td><td>$104.05</td><td>$97.04</td><td>$121.73</td><td>$161.39</td><td>$170.70</td></tr><tr><td>DJ US Containers & Packaging</td><td>$100.00</td><td>$106.73</td><td>$66.91</td><td>$93.98</td><td>$110.23</td><td>$110.39</td></tr><tr><td>S&P 500</td><td>$100.00</td><td>$105.49</td><td>$66.46</td><td>$84.05</td><td>$96.71</td><td>$98.75</td></tr></table>
<table><tr><td></td><td colspan="5">For the Year Ended December 31,</td></tr><tr><td>(Millions of Dollars, except per share amounts)</td><td>2012</td><td>2013</td><td>2014</td><td>2015</td><td>2016</td></tr><tr><td>Operating revenues</td><td>$12,188</td><td>$12,354</td><td>$12,919</td><td>$12,554</td><td>$12,075</td></tr><tr><td>Energy costs</td><td>3,887</td><td>4,054</td><td>4,513</td><td>3,716</td><td>3,088</td></tr><tr><td>Operating income</td><td>2,339</td><td>2,244</td><td>2,209</td><td>2,427</td><td>2,575</td></tr><tr><td>Net income</td><td>1,141</td><td>1,062(a)</td><td>1,092</td><td>1,193</td><td>1,245</td></tr><tr><td>Total assets (f)(g)</td><td>40,845</td><td>40,451(b)</td><td>44,071(c)</td><td>45,642(d)</td><td>48,255(e)</td></tr><tr><td>Long-term debt (f)</td><td>9,994</td><td>10,415</td><td>11,546</td><td>12,006</td><td>14,735</td></tr><tr><td>Total equity</td><td>11,869</td><td>12,245</td><td>12,585</td><td>13,061</td><td>14,306</td></tr><tr><td>Net Income per common share – basic</td><td>$3.88</td><td>$3.62</td><td>$3.73</td><td>$4.07</td><td>$4.15</td></tr><tr><td>Net Income per common share – diluted</td><td>$3.86</td><td>$3.61</td><td>$3.71</td><td>$4.05</td><td>$4.12</td></tr><tr><td>Dividends declared per common share</td><td>$2.42</td><td>$2.46</td><td>$2.52</td><td>$2.60</td><td>$2.68</td></tr><tr><td>Book value per share</td><td>$40.53</td><td>$41.81</td><td>$42.97</td><td>$44.50</td><td>$46.91</td></tr><tr><td>Average common shares outstanding(millions)</td><td>293</td><td>293</td><td>293</td><td>293</td><td>300</td></tr><tr><td>Stock price low</td><td>$53.63</td><td>$54.33</td><td>$52.23</td><td>$56.86</td><td>$63.47</td></tr><tr><td>Stock price high</td><td>$65.98</td><td>$63.66</td><td>$68.92</td><td>$72.25</td><td>$81.88</td></tr></table>

Question: In the year/section with the most Energy costs, what is the growth rate of Total equity?
Answer: -0.02777
Reasoning program: subtract(12245,12585), divide(#0,12245)