MORGAN STANLEY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) The following table illustrates the incremental effect of the application of SFAS No.158:
## Table 0 ##
The Accumulated other comprehensive loss of $415 million pre-tax was composed of $(74) million in prior-year service credits and $489 million in net actuarial losses.
The estimated net loss for the defined benefit pension plans that will be amortized from Accumulated other comprehensive loss into net periodic benefit cost over fiscal 2008 is approximately $32 million.
The estimated prior-service credit that will be amortized from Accumulated other comprehensive loss into net periodic benefit cost over fiscal 2008 is approximately $(8) million for defined benefit pension plans and $(2) million for postretirement plans.
Pension and Other Postretirement Plans.
Substantially all of the U. S.  employees of the Company hired before July 1, 2007 and its U. S.  affiliates are covered by a non-contributory, defined benefit pension plan that is qualified under Section 401(a) of the Internal Revenue Code (the “Qualified Plan”).
Unfunded supplementary plans (the “Supplemental Plans”) cover certain executives.
In addition, certain of the Company’s non-U.
S.  subsidiaries also have pension plans covering substantially all of their employees.
These pension plans generally provide pension benefits that are based on each employee’s years of credited service and on compensation levels specified in the plans.
The Company’s policy is to fund at least the amounts sufficient to meet minimum funding requirements under applicable employee benefit and tax regulations.
Liabilities for benefits payable under its Supplemental Plans are accrued by the Company and are funded when paid to the beneficiaries.
The Company’s U. S.  Qualified Plan was closed to new participants effective July 1, 2007.
In lieu of a defined benefit pension plan, eligible employees who were first hired, rehired or transferred to a U. S.  benefits eligible position will receive a retirement contribution into their 401(k) plan.
The amount of the retirement contribution is included in the Company’s 401(k) cost and will be equal to between 2% to 5% of eligible pay based on years of service as of December 31.
The Company also has unfunded postretirement benefit plans that provide medical and life insurance for eligible U. S.  retirees and their dependents.
The Company uses a measurement date of September 30 to calculate obligations under its pension and postretirement plans.
The Company expects to early adopt a fiscal year-end measurement date for the fiscal year ending November 30, 2008.
In connection with the Discover Spin-off, the Company transferred assets and liabilities relating to certain current and former DFS employees to a new defined benefit pension plan established by DFS.
The Company remeasured the assets and projected benefit obligation of the separated pension plans as of December 31, 2006.
The impact of the remeasurement results on continuing operations for fiscal 2007 was not material.
Table 100: Additional Fair Value Information Related to Financial Instruments
## Table 1 ##
The aggregate fair values in the table above do not represent the total market value of PNC’s assets and liabilities as the table excludes the following: ?
real and personal property, ?
lease financing, ?
loan customer relationships, ?
deposit customer intangibles, ?
retail branch networks, ?
fee-based businesses, such as asset management and brokerage, and ?
trademarks and brand names.
We used the following methods and assumptions to estimate fair value amounts for financial instruments.
General For short-term financial instruments realizable in three months or less, the carrying amount reported on our Consolidated Balance Sheet approximates fair value.
Unless otherwise stated, the rates used in discounted cash flow analyses are based on market yield curves.
Cash and due from banks The carrying amounts reported on our Consolidated Balance Sheet for cash and due from banks approximate fair values.
For purposes of this disclosure only, cash and due from banks includes the following: ?
due from banks, and ?
interest-earning deposits with banks.
Cash and due from banks are classified as Level 1.
Short-Term Assets The carrying amounts reported on our Consolidated Balance Sheet for short-term investments approximate fair values primarily due to their short-term nature.
For purposes of this disclosure only, short-term assets include the following: ?
federal funds sold and resale agreements, ?
cash collateral, ?
customers’ acceptances, and ?
accrued interest receivable.
Short-term assets are classified as Level 2.
To determine stock-based compensation expense, the grantdate fair value is applied to the options granted with a reduction for estimated forfeitures.
We recognize compensation expense for stock options on a straight-line basis over the pro rata vesting period.
At December 31, 2011 and 2010, options for 12,337,000 and 13,397,000 shares of common stock were exercisable at a weighted-average price of $106.08 and $118.21, respectively.
The total intrinsic value of options exercised during 2012, 2011 and 2010 was $37 million, $4 million and $5 million.
Cash received from option exercises under all Incentive Plans for 2012, 2011 and 2010 was approximately $118 million, $41 million and $15 million, respectively.
The actual tax benefit realized for tax deduction purposes from option exercises under all Incentive Plans for 2012, 2011 and 2010 was approximately $41 million, $14 million and $5 million, respectively.
There were no options granted in excess of market value in 2012, 2011 or 2010.
Shares of common stock available during the next year for the granting of options and other awards under the Incentive Plans were 29,192,854 at December 31, 2012.
Total shares of PNC common stock authorized for future issuance under equity compensation plans totaled 30,537,674 shares at December 31, 2012, which includes shares available for issuance under the Incentive Plans and the Employee Stock Purchase Plan (ESPP) as described below.
During 2012, we issued approximately 1.7 million shares from treasury stock in connection with stock option exercise activity.
As with past exercise activity, we currently intend to utilize primarily treasury stock for any future stock option exercises.
Awards granted to non-employee directors in 2012, 2011 and 2010 include 25,620, 27,090 and 29,040 deferred stock units, respectively, awarded under the Outside Directors Deferred Stock Unit Plan.
A deferred stock unit is a phantom share of our common stock, which requires liability accounting treatment until such awards are paid to the participants as cash.
As there are no vesting or service requirements on these awards, total compensation expense is recognized in full on awarded deferred stock units on the date of grant.
INCENTIVE/PERFORMANCE UNIT SHARE AWARDS AND RESTRICTED STOCK/UNIT AWARDS The fair value of nonvested incentive/performance unit share awards and restricted stock/unit awards is initially determined based on prices not less than the market value of our common stock price on the date of grant.
The value of certain incentive/ performance unit share awards is subsequently remeasured based on the achievement of one or more financial and other performance goals generally over a three-year period.
The Personnel and Compensation Committee of the Board of Directors approves the final award payout with respect to incentive/performance unit share awards.
Restricted stock/unit awards have various vesting periods generally ranging from 36 months to 60 months.
Beginning in 2012, we incorporated several risk-related performance changes to certain incentive compensation programs.
In addition to achieving certain financial performance metrics relative to our peers, the final payout amount will be subject to a negative adjustment if PNC fails to meet certain risk-related performance metrics as specified in the award agreement.
However, the P&CC has the discretion to reduce any or all of this negative adjustment under certain circumstances.
These awards have a three-year performance period and are payable in either stock or a combination of stock and cash.
Additionally, performance-based restricted share units were granted in 2012 to certain of our executives in lieu of stock options, with generally the same terms and conditions as the 2011 awards of the same.
The weighted-average grant-date fair value of incentive/ performance unit share awards and restricted stock/unit awards granted in 2012, 2011 and 2010 was $60.68, $63.25 and $54.59 per share, respectively.
We recognize compensation expense for such awards ratably over the corresponding vesting and/or performance periods for each type of program.
Table 130: Nonvested Incentive/Performance Unit Share Awards and Restricted Stock/Unit Awards – Rollforward
## Table 2 ##
In the chart above, the unit shares and related weightedaverage grant-date fair value of the incentive/performance awards exclude the effect of dividends on the underlying shares, as those dividends will be paid in cash.
At December 31, 2012, there was $86 million of unrecognized deferred compensation expense related to nonvested sharebased compensation arrangements granted under the Incentive Plans.
This cost is expected to be recognized as expense over a period of no longer than five years.
The total fair value of incentive/performance unit share and restricted stock/unit awards vested during 2012, 2011 and 2010 was approximately $55 million, $52 million and $39 million, respectively.

Tables referenced above, in order (Table 0 first):
<table><tr><td></td><td> Before Application of SFAS No. 158</td><td>SFAS No. 158 Adjustments</td><td>After Application of SFAS No. 158</td></tr><tr><td></td><td colspan="3">(dollars in millions)</td></tr><tr><td>Other assets</td><td>$9,153</td><td>$-302</td><td>$8,851</td></tr><tr><td>Other liabilities and accrued expenses</td><td>24,561</td><td>45</td><td>24,606</td></tr><tr><td>Net deferred tax assets</td><td>5,454</td><td>139</td><td>5,593</td></tr><tr><td>Accumulated other comprehensive income (loss)</td><td>9</td><td>-208</td><td>-199</td></tr><tr><td>Total shareholders’ equity</td><td>31,477</td><td>-208</td><td>31,269</td></tr></table>
<table><tr><td></td><td colspan="5">December 31, 2012</td><td colspan="2">December 31, 2011</td></tr><tr><td></td><td>Carrying</td><td colspan="4">Fair Value</td><td>Carrying</td><td></td></tr><tr><td>In millions</td><td>Amount</td><td>Total</td><td>Level 1</td><td>Level 2</td><td>Level 3</td><td>Amount</td><td>Fair Value</td></tr><tr><td> Assets</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and due from banks</td><td>$5,220</td><td>$5,220</td><td>$5,220</td><td></td><td></td><td>$4,105</td><td>$4,105</td></tr><tr><td>Short-term assets</td><td>6,495</td><td>6,495</td><td></td><td>$6,495</td><td></td><td>4,462</td><td>4,462</td></tr><tr><td>Trading securities</td><td>2,096</td><td>2,096</td><td>1,104</td><td>960</td><td>$32</td><td>2,513</td><td>2,513</td></tr><tr><td>Investment securities</td><td>61,406</td><td>61,912</td><td>2,897</td><td>51,789</td><td>7,226</td><td>60,634</td><td>61,018</td></tr><tr><td>Trading loans</td><td>76</td><td>76</td><td></td><td>76</td><td></td><td></td><td></td></tr><tr><td>Loans held for sale</td><td>3,693</td><td>3,697</td><td></td><td>2,069</td><td>1,628</td><td>2,936</td><td>2,939</td></tr><tr><td>Net loans (excludes leases)</td><td>174,575</td><td>177,215</td><td></td><td>110</td><td>177,105</td><td>148,254</td><td>151,167</td></tr><tr><td>Other assets</td><td>4,265</td><td>4,265</td><td>283</td><td>1,917</td><td>2,065</td><td>4,019</td><td>4,019</td></tr><tr><td>Mortgage servicing rights</td><td>1,070</td><td>1,077</td><td></td><td></td><td>1,077</td><td>1,115</td><td>1,118</td></tr><tr><td>Financial derivatives</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Designated as hedging instruments under GAAP</td><td>1,872</td><td>1,872</td><td></td><td>1,872</td><td></td><td>1,888</td><td>1,888</td></tr><tr><td>Not designated as hedging instruments under GAAP</td><td>6,696</td><td>6,696</td><td>5</td><td>6,585</td><td>106</td><td>7,575</td><td>7,575</td></tr><tr><td>Total Assets</td><td>$267,464</td><td>$270,621</td><td>$9,509</td><td>$71,873</td><td>$189,239</td><td>$237,501</td><td>$240,804</td></tr><tr><td> Liabilities</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Demand, savings and money market deposits</td><td>$187,051</td><td>$187,051</td><td></td><td>$187,051</td><td></td><td>$156,335</td><td>$156,335</td></tr><tr><td>Time deposits</td><td>26,091</td><td>26,347</td><td></td><td>26,347</td><td></td><td>31,632</td><td>31,882</td></tr><tr><td>Borrowed funds</td><td>40,907</td><td>42,329</td><td>$731</td><td>40,505</td><td>$1,093</td><td>36,966</td><td>39,064</td></tr><tr><td>Financial derivatives</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Designated as hedging instruments under GAAP</td><td>152</td><td>152</td><td></td><td>152</td><td></td><td>116</td><td>116</td></tr><tr><td>Not designated as hedging instruments under GAAP</td><td>6,458</td><td>6,458</td><td>1</td><td>6,081</td><td>376</td><td>7,490</td><td>7,490</td></tr><tr><td>Unfunded loan commitments and letters of credit</td><td>231</td><td>231</td><td></td><td></td><td>231</td><td>223</td><td>223</td></tr><tr><td>Total Liabilities</td><td>$260,890</td><td>$262,568</td><td>$732</td><td>$260,136</td><td>$1,700</td><td>$232,762</td><td>$235,110</td></tr></table>
<table><tr><td>Shares in thousands</td><td>Nonvested Incentive/ Performance Unit Shares</td><td>Weighted-AverageGrantDate FairValue</td><td>Nonvested Restricted Stock/ Unit Shares</td><td>Weighted-AverageGrantDate FairValue</td></tr><tr><td>December 31, 2011</td><td>830</td><td>$61.68</td><td>2,512</td><td>$54.87</td></tr><tr><td>Granted</td><td>465</td><td>60.70</td><td>1,534</td><td>60.67</td></tr><tr><td>Vested</td><td>-100</td><td>64.21</td><td>-831</td><td>45.47</td></tr><tr><td>Forfeited</td><td>-76</td><td>60.27</td><td>-154</td><td>60.51</td></tr><tr><td>December 31, 2012</td><td>1,119</td><td>$61.14</td><td>3,061</td><td>$60.04</td></tr></table>

Question: what was the average cost per unit for the weighted-average grant-date fair value of incentive/ performance unit share awards and restricted stock/unit awards granted in 2012 , 2011 and 2010?
Answer: 59.5067
Reasoning program: add(60.68,63.25), add(#0,54.59), divide(#1,const_3)