Maturities of long-term debt for the five years subsequent to December 31, 2005 are as follows (in millions):
## Table 0 ##
Long-term debt payments due in 2006 include $350 million of dealer remarketable securities (final maturity 2010) and $62 million of medium-term notes (final maturity 2044).
These securities are classified as current portion of long-term debt as the result of put provisions associated with these debt instruments.
The next date on which investors can require the Company to repurchase the Convertible Notes is 2007, thus in the above schedule these securities are considered due in 2007 (final maturity 2032).
The ESOP debt is serviced by dividends on stock held by the ESOP and by Company contributions.
These contributions are not reported as interest expense, but are reported as an employee benefit expense in the Consolidated Statement of Income.
Other borrowings includes debt held by 3M’s international companies and floating rate notes in the United States, with the long-term portion of this debt primarily comprised of U. S.  dollar floating rate debt.
At December 31, 2005, available short-term committed lines of credit globally totaled about $618 million, of which $101 million was utilized.
Debt covenants do not restrict the payment of dividends.3M has a medium-term notes program and shelf registration that have remaining capacity of approximately $1.438 billion at December 31, 2005.
In September 2003, the Company filed a shelf registration statement with the Securities and Exchange Commission relating to the potential offering of debt securities of up to $1.5 billion.
This shelf registration became effective in October 2003.
In December 2003, the Company established under the shelf a medium-term notes program through which up to $1.5 billion of medium-term notes may be offered.3M plans to use the net proceeds from issuances of debt securities under this registration for general corporate purposes, including the repayment of debt; investments in or extensions of credit to 3M subsidiaries; or the financing of possible acquisitions or business expansion.
At December 31, 2004, $62 million of medium-term notes had been issued under the medium-term notes program.
No debt was issued under this program in 2005.3M may redeem its 30-year zero-coupon senior notes (the “Convertible Notes”) at any time in whole or in part, beginning November 21, 2007, at the accreted conversion price; however, bondholders may convert upon notification of redemption into 9.4602 shares of 3M common stock.
Holders of the 30-year zero-coupon senior notes have the option to require 3M to purchase their notes at accreted value on November 21 in the years 2005, 2007, 2012, 2017, 2022 and 2027.
In November 2005, 22,506 of the 639,000 in outstanding bonds were redeemed, resulting in a payout from 3M of approximately $20 million.
This reduced the Convertible Notes’ face value at maturity to $616 million, which equates to a book value of approximately $539 million at December 31, 2005.
As disclosed in a Form 8-K in November 2005, 3M amended the terms of these securities to pay cash at a rate of 2.40% per annum of the principal amount at maturity of the Company’s Convertible Notes, which equates to 2.75% per annum of the notes’ accreted value on November 21, 2005.
The cash interest payments will be made semiannually in arrears on May 22, 2006, November 22, 2006, May 22, 2007 and November 22, 2007 to holders of record on the 15th calendar day preceding each such interest payment date.3M originally sold $639 million in aggregate face amount of these “Convertible Notes” on November 15, 2002, which are convertible into shares of 3M common stock.
The gross proceeds from the offering, to be used for general corporate purposes, were $550 million ($540 million net of issuance costs).
Debt issuance costs were amortized on a straight-line basis over a three-year period beginning in November 2002.
On February 14, 2003, 3M registered these Convertible Notes in a registration statement filed with the Securities and Exchange Commission.
The terms of the Convertible Notes include a yield to maturity of .50% and an initial conversion premium of 40% over the $65.00 (split-adjusted) closing price of 3M common stock on November 14, 2002.
If certain conditions for conversion (relating to the closing common stock prices of 3M exceeding the conversion trigger price for specified periods) are met, holders may convert each of the 30-year zero-coupon senior notes into 9.4602 shares of 3M common stock in any calendar quarter commencing after March 31, 2003.
The conversion trigger price for the fourth quarter of 2005 was $120.00 per share.
If the conditions for conversion are met, and 3M elects not to settle in cash, the 30-year zero-coupon senior notes will be convertible in the aggregate into approximately 5.8 million shares of 3M common stock.3M may choose to pay the redemption purchase price in cash and/or common stock; however, if redemption occurs, the Company has the intent and ability to settle this debt security in cash.
The conditions for conversion have never been met; accordingly, there has been no impact on 3M’s diluted earnings per share.
For a discussion of accounting pronouncements that will affect accounting treatment for the Convertible Note, refer to Note 1 to the Consolidated Financial Statements for discussion of EITF Issue No.04-08, “The Effect of Contingently Convertible Debt on Diluted Earnings per Share” and proposed SFAS No.128R, “Earnings per Share”.
securities are considered available for sale, and, as a result, we record unrealized gains and losses to the extent that amortized cost is different from estimated fair value.
All held to maturity securities and all available for sale securities with unrealized losses are subject to our review to identify other-than-temporary impairments in value.
In evaluating whether a decline in value is other-than-temporary, we consistently consider several factors including, but not limited to, the following: ?
the reasons for the decline in value (credit event, currency or interest rate related, including general credit spread widening); ?
the financial condition of and near-term prospects of the issuer; and ?
the extent and the duration of the decline, including, but not limited to, the following general guidelines; ?
declines in value greater than 20%, maintained for six months or greater; ?
declines in value greater than 15%, maintained for more than one year on below investment grade bonds; and ?
declines in value less than six months where there has been a precipitous (generally 50% or greater) decline in value.
Given recent market conditions and liquidity concerns, and the resulting historically wide bid-ask spreads and high levels of price volatility, the extent and duration of a decline in value have become less indicative of when the market may believe there has been credit deterioration with respect to an issuer.
Considering these current conditions, beginning in the third quarter of 2008 our determinations of whether a decline in value is other-than-temporary have placed greater emphasis on our analysis of the underlying credit versus the extent and duration of a decline in value.
Our credit analysis of an investment includes determining whether the issuer is current on its contractual payments, evaluating whether it is probable that we will be able to collect all amounts due according to the contractual terms of the security, and analyzing our overall ability to recover the amortized cost of the investment.
We continue to utilize valuation declines as a potential indicator of credit deterioration, and apply additional levels of scrutiny in our analysis as the severity and duration of the decline increases.
In addition, effective with our adoption on January 1, 2009 of new authoritative guidance related to debt securities we recognize an other-than-temporary impairment in earnings for a debt security in an unrealized loss position when either (a) we have the intent to sell the debt security or (b) it is more likely than not we will be required to sell the debt security before its anticipated recovery.
For all debt securities in unrealized loss positions that do not meet either of these two criteria, we analyze our ability to recover the amortized cost by comparing the net present value of our best estimate of projected future cash flows with the amortized cost of the security.
If the net present value is less than the amortized cost of the investment, an other-than-temporary impairment is recorded.
The determination of the assumptions used in these projections requires the use of significant management judgment.
See Note 2 to the Consolidated Financial Statements for additional information regarding these assumptions and our policies for recognizing other-than-temporary impairments for debt securities.
Other-than-temporary impairments of general account fixed maturity securities attributable to the Financial Services Businesses that were recognized in earnings were $1.162 billion and $1.628 billion for the years ended December 31, 2009 and 2008, respectively.
Included in the other-than-temporary impairments of general account fixed maturities attributable to the Financial Services Businesses for the years ended December 31, 2009 and 2008, were $668 million and $970 million, respectively, of other-than-temporary impairments on asset-backed securities collateralized by sub-prime mortgages.
Other-than-temporary impairments of fixed maturity securities attributable to the Closed Block Business that were recognized in earnings were $520 million and $718 million for the years ended December 31, 2009 and 2008, respectively.
Included in the other-thantemporary impairments of fixed maturities attributable to the Closed Block Business for the years ended December 31, 2009 and 2008, were $322 million and $463 million, respectively, of other-than-temporary impairments on asset-backed securities collateralized by sub-prime mortgages.
For a further discussion of other-than-temporary impairments, see “—Realized Investment Gains and Losses” above.
Trading account assets supporting insurance liabilities Certain products included in the Retirement and International Insurance segments, are experience-rated, meaning that we expect the investment results associated with these products will ultimately accrue to contractholders.
The investments supporting these experiencerated products, excluding commercial mortgage and other loans, are classified as trading.
These trading investments are reflected on the balance sheet as “Trading account assets supporting insurance liabilities, at fair value.
” Realized and unrealized gains and losses for these investments are reported in “Asset management fees and other income,” and excluded from adjusted operating income.
Investment income for these investments is reported in “Net investment income,” and is included in adjusted operating income.
The following table sets forth the composition of this portfolio as of the dates indicated.
## Table 1 ##
As a percentage of amortized cost, 75% of the portfolio was publicly traded as of both December 31, 2009, and December 31, 2008.
As of both December 31, 2009 and December 31, 2008, 88% of the fixed maturity portfolio was considered high or highest quality based
Results of Corporate and Other operations include any differences between the translation adjustments recorded by the segment at the fixed currency exchange rate versus the actual average rate during the period, and the gains or losses recorded from the forward currency contracts that settled during the period, which include the impact of any over or under hedging of actual earnings that differ from projected earnings.
Results of Corporate and Other operations also include any differences between the translation adjustments recorded by the segment at the fixed currency exchange rate versus the actual average rate during the period related to currencies for which we choose not to hedge our exposure.
The table below presents, for the periods indicated, the increase (decrease) to revenues and adjusted operating income for the International Insurance segment and for Corporate and Other operations, reflecting the impact of this intercompany arrangement.
## Table 2 ##
(1) Represents the difference between non-U.
S.  dollar-denominated earnings translated on the basis of weighted average monthly currency exchange rates versus fixed currency exchange rates determined in connection with the forward currency hedging program.
As of December 31, 2015 and 2014, the notional amounts of these forward currency contracts were $2.4 billion and $2.6 billion, respectively, of which $1.9 billion and $2.0 billion, respectively, were related to our Japanese insurance operations.
U. S.  GAAP earnings impact of products denominated in non-local currencies Our international insurance operations primarily offer products denominated in local currency; however, several of our international insurance operations, most notably our Japanese operations, also offer products denominated in non-local currencies, primarily comprised of U. S.  and Australian dollar-denominated products.
The non-yen denominated insurance liabilities related to these products are supported by investments denominated in corresponding currencies, including a significant portion designated as available-for-sale.
While the impact from foreign currency exchange rate movements on these non-yen denominated assets and liabilities is economically matched, differences in the accounting for changes in the value of these assets and liabilities due to changes in foreign currency exchange rate movements have historically resulted in volatility in U. S.  GAAP earnings.
For example, unrealized gains (losses) on available-for-sale investments, including those arising from non-functional currency exchange rate movements, are recorded in AOCI, whereas the non-functional currency-denominated liabilities are remeasured for foreign currency exchange rate movements, and the related changes in value are recorded in earnings within “Other income.
” Investments designated as held-to-maturity under U. S.  GAAP are recorded at amortized cost on the balance sheet, but are remeasured for foreign currency exchange rate movements, with the related change in value recorded in earnings within “Other income.
” Due to this non-economic volatility that is reflected in U. S.  GAAP earnings, the gains (losses) resulting from the remeasurement of these non-yen denominated liabilities, and certain related non-yen denominated assets, were excluded from adjusted operating income and included in “Realized investment gains (losses), net, and related adjustments.
” As discussed above, to minimize volatility in reported U. S.  GAAP earnings arising from foreign currency remeasurement, in the first quarter of 2015 we implemented a structure in Gibraltar Life that disaggregated the U. S.  and Australian dollar-denominated businesses into separate divisions, each with its own functional currency that aligns with the underlying products and investments.
Included in “Realized investment gains (losses), net, and related adjustments” were net gains of $63 million, net losses of $3,073 million and net losses of $3,962 million from foreign currency remeasurement for the years ended December 31, 2015, 2014 and 2013, respectively.
For the U. S.  and Australian dollar-denominated assets that were transferred under the new structure in Gibraltar Life, the net cumulative unrealized investment gains associated with foreign exchange remeasurement that were recorded in AOCI totaled $6.0 billion and will be recognized in earnings within “Realized investment gains (losses), net” over time as the assets mature or are sold.
As of December 31, 2015, the remaining net cumulative unrealized investment gains balance related to these assets was $5.1 billion.
Absent the sale of any of these assets prior to their stated maturity, approximately 9% of the $5.1 billion balance will be recognized in 2016 and approximately 8% will be recognized in 2017, with the remainder primarily recognized over the following ten years.
International Insurance Operating Results The results of our International Insurance operations are translated on the basis of weighted average monthly exchange rates, inclusive of the effects of the intercompany arrangement discussed above.
To provide a better understanding of operating performance within the International Insurance segment, where indicated below, we have analyzed our results of operations excluding the effect of the year over year change in foreign currency exchange rates for which the net impact has been recorded within “Other income.
” Our results of operations, excluding the effect of foreign currency fluctuations, were derived by translating foreign currencies to U. S.  dollars at uniform exchange rates for all periods presented, including for constant dollar information discussed below.
The exchange rates used were Japanese yen at a rate of 106 yen per U. S.  dollar and Korean won at a rate of 1100 won per U. S.  dollar, both of which were determined in connection with the foreign currency income hedging program discussed above.
In addition, for constant dollar information discussed below, activity denominated in U. S.  dollars is generally reported based on the amounts as transacted in U. S.  dollars.
Annualized new business premiums presented on a constant exchange rate basis in the “Sales Results” section below reflect translation based on these same uniform exchange rates.
PRUDENTIAL FINANCIAL, INC.  Notes to Consolidated Financial Statements Nonrecurring Fair Value Measurements—The following table represents information for assets measured at fair value on a nonrecurring basis.
The estimated fair values were classified as Level 3 in the valuation hierarchy.
## Table 3 ##
(1) Commercial mortgage loans are valued based on discounted cash flows utilizing market rates or the fair value of the underlying real estate collateral.
(2) Mortgage servicing rights are revalued based on internal models which utilize inputs.
The fair value for mortgage servicing rights is determined using a discounted cash flow model incorporating assumptions for servicing revenues, adjusted for expected prepayments, delinquency rates, escrow deposit income and estimated loan servicing expenses.
(3) For cost method impairments, the methodologies utilized are primarily discounted cash flow and, where appropriate, valuations provided by the general partners taking into consideration investment-related expenses.
Fair Value Option The fair value option provides the Company an option to elect fair value as an alternative measurement for selected financial assets and financial liabilities not otherwise reported at fair value.
Such elections have been made by the Company to help mitigate volatility in earnings that results from different measurement attributes.
Electing the fair value option also allows the Company to achieve consistent accounting for certain assets and liabilities.
The following table presents information regarding changes in fair values recorded in earnings for commercial mortgage and other loans, other long-term investments and notes issued by consolidated VIEs, where the fair value option has been elected.

Tables referenced above, in order (Table 0 first):
<table><tr><td>2006</td><td>2007</td><td>2008</td><td>2009</td><td>2010</td><td>Thereafter</td><td>Total</td></tr><tr><td>$492</td><td>$622</td><td>$85</td><td>$44</td><td>$0</td><td>$558</td><td>$1,801</td></tr></table>
<table><tr><td></td><td colspan="2"> December 31, 2009</td><td colspan="2"> December 31, 2008</td></tr><tr><td></td><td> Amortized Cost</td><td> Fair Value</td><td> Amortized Cost</td><td> Fair Value</td></tr><tr><td></td><td colspan="4"> (in millions)</td></tr><tr><td>Short-term Investments and Cash Equivalents</td><td>$725</td><td>$725</td><td>$1,232</td><td>$1,232</td></tr><tr><td>Fixed Maturities:</td><td></td><td></td><td></td><td></td></tr><tr><td>Corporate Securities</td><td>9,202</td><td>9,502</td><td>8,814</td><td>7,971</td></tr><tr><td>Commercial Mortgage-Backed</td><td>1,899</td><td>1,893</td><td>2,335</td><td>2,092</td></tr><tr><td>Residential Mortgage-Backed</td><td>1,434</td><td>1,432</td><td>708</td><td>684</td></tr><tr><td>Asset Backed Securities</td><td>1,022</td><td>857</td><td>915</td><td>635</td></tr><tr><td>Foreign Government</td><td>508</td><td>517</td><td>416</td><td>420</td></tr><tr><td>U.S. Government</td><td>169</td><td>159</td><td>147</td><td>143</td></tr><tr><td>Total Fixed Maturities</td><td>14,234</td><td>14,360</td><td>13,335</td><td>11,945</td></tr><tr><td>Equity Securities</td><td>1,033</td><td>935</td><td>1,074</td><td>698</td></tr><tr><td>Total trading account assets supporting insurance liabilities</td><td>$15,992</td><td>$16,020</td><td>$15,641</td><td>$13,875</td></tr></table>
<table><tr><td></td><td colspan="3">Year ended December 31,</td></tr><tr><td></td><td>2015</td><td>2014</td><td>2013</td></tr><tr><td></td><td colspan="3">(in millions)</td></tr><tr><td>International Insurance Segment:</td><td></td><td></td><td></td></tr><tr><td>Impact of intercompany arrangement-1</td><td>$331</td><td>$275</td><td>$222</td></tr><tr><td>Corporate and Other operations:</td><td></td><td></td><td></td></tr><tr><td>Impact of intercompany arrangement-1</td><td>-331</td><td>-275</td><td>-222</td></tr><tr><td>Settlement gains (losses) on forward currency contracts</td><td>286</td><td>293</td><td>240</td></tr><tr><td>Net benefit (detriment) to Corporate and Other operations</td><td>-45</td><td>18</td><td>18</td></tr><tr><td>Net impact on consolidated revenues and adjusted operating income</td><td>$286</td><td>$293</td><td>$240</td></tr></table>
<table><tr><td></td><td colspan="3">Year Ended December 31,</td></tr><tr><td></td><td>2016</td><td>2015</td><td>2014</td></tr><tr><td></td><td colspan="3">(in millions)</td></tr><tr><td>Commercial mortgage loans-1:</td><td></td><td></td><td></td></tr><tr><td>Carrying value as of period end</td><td>$47</td><td>$0</td><td>$0</td></tr><tr><td>Realized investment gains (losses) net</td><td>$-5</td><td>$0</td><td>$0</td></tr><tr><td>Mortgage servicing rights-2:</td><td></td><td></td><td></td></tr><tr><td>Carrying value as of period end</td><td>$84</td><td>$90</td><td>$89</td></tr><tr><td>Realized investment gains (losses) net</td><td>$-1</td><td>$-7</td><td>$7</td></tr><tr><td>Cost method investments-3:</td><td></td><td></td><td></td></tr><tr><td>Carrying value as of period end</td><td>$284</td><td>$239</td><td>$102</td></tr><tr><td>Realized investment gains (losses) net</td><td>$-85</td><td>$-123</td><td>$-21</td></tr></table>

Question: in 2006 what was the ratio of the long-term debt payments due dealer remarketable securities to the medium-term notes
Answer: 5.64516
Reasoning program: divide(350,62)