xtinguishment of debt.
The loss on early extinguishment of debt included the call premium on the purchased 2023 Notes and the write-off of a portion of the unamortized deferred debt issuance costs.
Concurrently with the issuance of the 2023 Notes, we entered into hedge transactions with a financial institution whereby we originally acquired options to purchase up to 26.8 million shares of our common stock at a price of $15.65 per share.
These options expire on August 15, 2008 and must be settled in net shares.
The cost of the hedge transactions to us was $134.6 million.
In connection with the purchase of a portion of the 2023 Notes in December 2006, we also sold 12.1 million of the hedges that were originally purchased in connection with the 2023 Notes and received proceeds of $55.9 million.
In addition, we sold warrants for our common stock to a financial institution for the purchase of up to 26.8 million shares of our common stock at a price of $23.08 per share.
The warrants expire on various dates from February 2008 through May 2008 and must be settled in net shares.
We received $56.4 million in cash proceeds from the sale of these warrants.
In connection with the purchase of a portion of the 2023 Notes in December 2006, we also purchased 12.1 million of the warrants for our common stock that were originally issued in connection with the 2023 Notes at a cost of $10.2 million.
The remaining outstanding warrants will be included in diluted EPS to the extent the impact is not considered anti-dilutive.
As of December 29, 2007, the estimated fair value of the remaining hedges acquired in connection with the issuance of the 2023 Notes was $39.0 million and the estimated fair value of the remaining warrants sold in connection with the issuance of the 2023 Notes was $0.2 million.
Subsequent changes in the fair value of these hedge and warrant transactions will not be recognized as long as the instruments remain classified as equity.
Contractual Obligations and Off Balance Sheet Arrangements A summary of our contractual obligations as of December 29, 2007 is as follows:
## Table 0 ##
* The 2023 Notes are due in August 2023.
However, the holders of the 2023 Notes can require us to repurchase for cash all or a portion of the 2023 Notes on August 15, 2008 for 100.25% of the principal amount.
Therefore, we have included $230.4 million of principal of the 2023 Notes and $0.6 million of premium on the potential repurchase of the 2023 Notes in the “Less Than 1 Year” column in the above table.
s Included in other long-term contractual obligations are long-term income tax liabilities related to unrecognized tax benefits of $259.8 million, and of that amount we estimate that $193.1 million will be paid within 1 to 3 years.
We did not include the remaining long-term income tax liabilities of $66.7 million in the table above, because we estimated that this liability can be offset by available net operating loss and tax credit carryforwards, and that future cash payments will not be required to settle this liability.
However, the total amounts of income tax payable and the timing of such tax payments may depend upon the resolution of current and future tax examinations which cannot be estimated with
Incurred Losses and LAE.
The following table presents the incurred losses and LAE for the International segment for the periods indicated.
## Table 1 ##
Incurred losses and LAE increased by 0.2% to $749.9 million in 2015 compared to $748.2 million in 2014, primarily due to the increase in current year attritional losses of $11.8 million, mainly related to $29.7 million of losses from the explosion at the Chinese port of Tianjin, partially offset by the decline in premiums earned.
This increase in current year attritional reserves was mostly offset by $11.0 million of favorable prior years’ development in 2015 compared to 2014 mainly related to Latin American and Canadian business.
The $70.5 million of current year catastrophe losses in 2015 were due to the 2015 Chilean earthquake ($34.8 million), the Northern Chile storms ($19.5 million) and the New South Wales storms ($16.2 million).
The $71.1 million of current year catastrophe losses in 2014 were due to the 2014 Chilean earthquake ($20.7 million), Japan snowstorm ($20.0 million), Hurricane Odile ($15.4 million) and the Brisbane hailstorm ($14.9 million).
Incurred losses and LAE increased by 10.8% to $748.2 million in 2014 compared to $675.4 million in 2013, due to the increase in current year attritional losses of $77.9 million, primarily due to increased losses in the Middle East, Africa and Latin America, partially offset by the decrease in current year catastrophe losses (outlined above).
The $104.4 million of current year catastrophe losses in 2013 were due to the Canadian floods ($75.2 million) and Typhoon Fitow ($29.2 million).
Segment Expenses.
Commission and brokerage decreased by 2.6% to $298.2 million in 2015 compared to $306.2 million in 2014.
The decrease was mainly due to the impact of the decrease in premiums earned and changes in the mix of business.
Segment other underwriting expenses decreased slightly to $34.3 million in 2015 compared to $34.6 million in 2014.
Commission and brokerage increased 3.5% to $306.2 million in 2014 compared to $295.9 million in 2013.
This increase was primarily due to the impact of the increase in premiums earned.
Segment other underwriting expenses increased slightly to $34.6 million in 2014 compared to $33.9 million in 2013.
Operating income as reported for our three business segments is provided below:
## Table 2 ##
Wholesale operating income increased by $87.6 million, including the favorable effects from the Japanese Business and Small Leathergoods Business Acquisitions.
Excluding the effects of these acquisitions, wholesale operating income increased by $61.4 million primarily as a result of increased net sales, including shipments of American Living, and improved gross margin primarily in our European wholesale operations, offset in part by increased domestic promotional activity in certain product categories.
The increase was partially offset by higher net SG&A expenses in support of our new product lines.
Retail operating income decreased by $20.0 million, including the unfavorable effects from purchase accounting related to the RL Media Minority Interest Acquisition.
Excluding the effects of the acquisition, retail operating income decreased by $9.0 million primarily as a result of increased markdown activity, a non-cash impairment charge of $5.0 million, and an increase in occupancy and other operating costs principally related to worldwide store expansion, as we continue to develop and invest in our existing retail concepts and formats.
The decrease also reflected an increase in sellingrelated salaries and associated costs, as well as increased fulfillment costs associated with higher sales at RalphLauren.
com.
Licensing operating income decreased by $44.9 million, including the unfavorable effects from the Japanese Business and Small Leathergoods Business Acquisitions.
Excluding the effects of these acquisitions, licensing operating income increased by $12.5 million primarily due to an increase in eyewear-related royalties.
This increase was partially offset by the absence of approximately $8 million of minimum royalty and design-service fees received in connection with the termination of a licensing arrangement in the prior fiscal year.
Unallocated corporate expenses increased by $33.6 million, primarily as a result of increases in brand-related marketing costs, including costs associated with various events related to the Company’s 40th anniversary, and compensation-related and facilities costs to support the ongoing growth of our businesses.
The increase in compensation-related costs includes higher stock-based compensation expense and severance-related costs, as previously discussed under SG&A expenses.
Unallocated legal and restructuring charges were comprised of a reversal of an excess reserve in the amount of $4.1 million in Fiscal 2008 related to the Credit Card Matters (as defined in Note 15 to the accompanying audited consolidated financial statements).
Unallocated legal and restructuring charges were $7.6 million in Fiscal 2007 and were principally associated with the Club Monaco Restructuring Plan charges of $4.0 million (as defined in Note 11 to the accompanying audited consolidated financial statements) and costs of $3.0 million related to the Credit Card Matters.
No significant unallocated legal and restructuring charges were recognized in Fiscal 2008.
Foreign Currency Gains (Losses).
The effect of foreign currency exchange rate fluctuations resulted in a loss of $6.4 million in Fiscal 2008, compared to a loss of $1.5 million in Fiscal 2007.
Foreign currency losses increased compared to the prior fiscal year primarily due to a $2.0 million write-off of foreign currency option contracts, entered into to manage certain foreign currency exposures associated with the Japanese Business Acquisitions, most of which have expired unexercised as of March 29, 2008, hedge activity associated with the return of capital from a foreign subsidiary and intercompany royalty activity, as well as the timing of the settlement of third party and
disposal average yield includes not only base rate changes and environmental and service fee increases, but also (i) certain average price changes related to the overall mix of services, which are due to the types of services provided; (ii) changes in average price from new and lost business and (iii) price decreases to retain customers.
Revenue growth from collection and disposal average yield was $241 million, or 2.0%, and $267 million, or 2.4%, for the years ended December 31, 2017 and 2016, respectively.
We experienced growth in yield for all of our collection and disposal lines of business in both 2017 and 2016.
The period-to-period changes are as follows (dollars in millions):

Tables referenced above, in order (Table 0 first):
<table><tr><td></td><td colspan="5">Payments Due by Period</td></tr><tr><td></td><td>Total</td><td>Less Than 1 Year</td><td>1-3 Years</td><td>3-5 Years</td><td>More Than 5 Years</td></tr><tr><td></td><td colspan="5">(In millions)</td></tr><tr><td>Operating lease obligations</td><td>$134.5</td><td>$42.2</td><td>$44.7</td><td>$20.5</td><td>$27.1</td></tr><tr><td>Purchase obligations</td><td>31.4</td><td>26.8</td><td>4.6</td><td>----</td><td>----</td></tr><tr><td>2023 Notes *</td><td>231.0</td><td>231.0</td><td>----</td><td>----</td><td>----</td></tr><tr><td>Convertible Senior Notes</td><td>500.0</td><td>----</td><td>----</td><td>250.0</td><td>250.0</td></tr><tr><td>Contractual interest payments</td><td>36.3</td><td>7.2</td><td>14.4</td><td>10.9</td><td>3.8</td></tr><tr><td>Current income tax payable and Unrecognized tax benefits</td><td>15.3</td><td>15.3</td><td>----</td><td>----</td><td>----</td></tr><tr><td>Other long-term contractual obligationsu</td><td>226.4</td><td>----</td><td>219.7</td><td>3.5</td><td>3.2</td></tr><tr><td>Total</td><td>$1,174.9</td><td>$322.5</td><td>$283.4</td><td>$284.9</td><td>$284.1</td></tr></table>
<table><tr><td></td><td colspan="8">Years Ended December 31,</td><td></td></tr><tr><td>(Dollars in millions)</td><td>Current Year</td><td colspan="2">Ratio %/ Pt Change</td><td>Prior Years</td><td colspan="2">Ratio %/ Pt Change</td><td>Total Incurred</td><td colspan="2">Ratio %/ Pt Change</td></tr><tr><td>2015</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Attritional</td><td>$721.3</td><td>57.7%</td><td></td><td>$-31.4</td><td>-2.5%</td><td></td><td>$689.9</td><td>55.2%</td><td></td></tr><tr><td>Catastrophes</td><td>70.5</td><td>5.6%</td><td></td><td>-10.5</td><td>-0.8%</td><td></td><td>60.0</td><td>4.8%</td><td></td></tr><tr><td>Total segment</td><td>$791.8</td><td>63.3%</td><td></td><td>$-41.9</td><td>-3.3%</td><td></td><td>$749.9</td><td>60.0%</td><td></td></tr><tr><td>2014</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Attritional</td><td>$709.5</td><td>54.2%</td><td></td><td>$-20.4</td><td>-1.6%</td><td></td><td>$689.2</td><td>52.6%</td><td></td></tr><tr><td>Catastrophes</td><td>71.1</td><td>5.4%</td><td></td><td>-12.1</td><td>-0.9%</td><td></td><td>59.0</td><td>4.5%</td><td></td></tr><tr><td>Total segment</td><td>$780.6</td><td>59.6%</td><td></td><td>$-32.5</td><td>-2.5%</td><td></td><td>$748.2</td><td>57.1%</td><td></td></tr><tr><td>2013</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Attritional</td><td>$631.6</td><td>49.0%</td><td></td><td>$-57.3</td><td>-4.4%</td><td></td><td>$574.3</td><td>44.6%</td><td></td></tr><tr><td>Catastrophes</td><td>104.4</td><td>8.1%</td><td></td><td>-3.3</td><td>-0.3%</td><td></td><td>101.1</td><td>7.8%</td><td></td></tr><tr><td>Total segment</td><td>$736.0</td><td>57.1%</td><td></td><td>$-60.6</td><td>-4.7%</td><td></td><td>$675.4</td><td>52.4%</td><td></td></tr><tr><td>Variance 2015/2014</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Attritional</td><td>$11.8</td><td>3.5</td><td>pts</td><td>$-11.0</td><td>-0.9</td><td>pts</td><td>$0.7</td><td>2.6</td><td>pts</td></tr><tr><td>Catastrophes</td><td>-0.6</td><td>0.2</td><td>pts</td><td>1.6</td><td>0.1</td><td>pts</td><td>1.0</td><td>0.3</td><td>pts</td></tr><tr><td>Total segment</td><td>$11.2</td><td>3.7</td><td>pts</td><td>$-9.4</td><td>-0.8</td><td>pts</td><td>$1.7</td><td>2.9</td><td>pts</td></tr><tr><td>Variance 2014/2013</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Attritional</td><td>$77.9</td><td>5.2</td><td>pts</td><td>$36.9</td><td>2.8</td><td>pts</td><td>$114.9</td><td>8.0</td><td>pts</td></tr><tr><td>Catastrophes</td><td>-33.3</td><td>-2.7</td><td>pts</td><td>-8.8</td><td>-0.6</td><td>pts</td><td>-42.1</td><td>-3.3</td><td>pts</td></tr><tr><td>Total segment</td><td>$44.6</td><td>2.5</td><td>pts</td><td>$28.1</td><td>2.2</td><td>pts</td><td>$72.8</td><td>4.7</td><td>pts</td></tr><tr><td colspan="2">(Some amounts may not reconcile due to rounding.)</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
<table><tr><td></td><td colspan="2">Fiscal Years Ended</td><td></td><td></td></tr><tr><td></td><td>March 29, 2008</td><td>March 31, 2007</td><td>$ Change</td><td>% Change</td></tr><tr><td></td><td colspan="3">(millions)</td><td></td></tr><tr><td> Operating Income:</td><td></td><td></td><td></td><td></td></tr><tr><td>Wholesale</td><td>$565.4</td><td>$477.8</td><td>$87.6</td><td>18.3%</td></tr><tr><td>Retail</td><td>204.2</td><td>224.2</td><td>-20.0</td><td>-8.9%</td></tr><tr><td>Licensing</td><td>96.7</td><td>141.6</td><td>-44.9</td><td>-31.7%</td></tr><tr><td></td><td>866.3</td><td>843.6</td><td>22.7</td><td>2.7%</td></tr><tr><td>Less:</td><td></td><td></td><td></td><td></td></tr><tr><td>Unallocated corporate expenses</td><td>-217.0</td><td>-183.4</td><td>-33.6</td><td>18.3%</td></tr><tr><td>Unallocated legal and restructuring charges</td><td>4.1</td><td>-7.6</td><td>11.7</td><td>-153.9%</td></tr><tr><td>Total operating income</td><td>$653.4</td><td>$652.6</td><td>$0.8</td><td>0.1%</td></tr></table>

Question: As As the chart 1 shows,which Year Ended December 31 is the value of the amount for Total Incurred for Catastrophes the lowest?
Answer: 2014