The following table details the fee-paid committed and uncommitted credit lines we had available as of May 25, 2014:
## Table 0 ##
To ensure availability of funds, we maintain bank credit lines sufficient to cover our outstanding shortterm borrowings.
Commercial paper is a continuing source of short-term financing.
We have commercial paper programs available to us in the United States and Europe.
We also have uncommitted and asset-backed credit lines that support our foreign operations.
The credit facilities contain several covenants, including a requirement to maintain a fixed charge coverage ratio of at least 2.5 times.
Certain of our long-term debt agreements, our credit facilities, and our noncontrolling interests contain restrictive covenants.
As of May 25, 2014, we were in compliance with all of these covenants.
We have $1,251 million of long-term debt maturing in the next 12 months that is classified as current.
We believe that cash flows from operations, together with available short- and long-term debt financing, will be adequate to meet our liquidity and capital needs for at least the next 12 months.
As of May 25, 2014, our total debt, including the impact of derivative instruments designated as hedges, was 71 percent in fixed-rate and 29 percent in floatingrate instruments, compared to 73 percent in fixed-rate and 27 percent in floating-rate instruments on May 26, 2013.
The change in the fixed-rate and floating-rate percentages was driven by increased commercial paper issuances.
Growth in return on average total capital is one of our key performance measures (see the “Non-GAAP Measures” section on page 87 for our discussion of this measure, which is not defined by GAAP).
Return on average total capital decreased from 12.0 percent in fiscal 2013 to 11.6 percent in fiscal 2014, as fiscal 2014 earnings did not grow in line with our capital base.
We also believe that our fixed charge coverage ratio and the ratio of operating cash flow to debt are important measures of our financial strength.
Our fixed charge coverage ratio in fiscal 2014 was 8.04 compared to 7.62 in fiscal 2013.
The measure increased from fiscal 2013 as earnings before income taxes and after-tax earnings from joint ventures increased by $120 million and fixed charges decreased by $10 million, driven primarily by lower interest.
Our operating cash flow to debt ratio decreased 7.8 percentage points to 28.9 percent in fiscal 2014, driven by an increase in total debt.
We have a 51 percent controlling interest in Yoplait S. A. S.  and a 50 percent interest in Yoplait Marques S. A. S.  and Liberté Marques S. a. r. l.  Sodiaal holds the remaining interests in each of these entities.
We consolidate these entities into our consolidated financial statements.
We record Sodiaal’s 50 percent interest in Yoplait Marques S. A. S.  and Liberté Marques S. a. r. l.  as noncontrolling interests, and their 49 percent interest in Yoplait S. A. S.  as a redeemable interest on our Consolidated Balance Sheets.
These euro- and Canadian dollar-denominated interests are reported in U. S.  dollars on our Consolidated Balance Sheets.
Sodiaal has the ability to put a limited portion of its redeemable interest to us at fair value once per year up to a maximum remaining term of 6 years.
As of May 25, 2014, the redemption value of the redeemable interest was $984 million which approximates its fair value.
During the first quarter of fiscal 2013, in conjunction with the consent of the Class A investor, we restructured General Mills Cereals, LLC (GMC) through the distribution of its manufacturing assets, stock, inventory, cash and certain intellectual property to a wholly owned subsidiary.
GMC retained the remaining intellectual property.
Immediately following the restructuring, the Class A Interests of GMC were sold by the then current holder to another unrelated third-party investor.
The third-party holder of the GMC Class A Interests receives quarterly preferred distributions from available net income based on the application of a floating preferred return rate, currently equal to the sum of threemonth LIBOR plus 110 basis points, to the holder’s capital account balance established in the most recent markto-market valuation (currently $252 million).
The preferred return rate is adjusted every three years through a negotiated agreement with the Class A Interest holder or through a remarketing auction.
The holder of the Class A Interests may initiate a liquidation of GMC under certain circumstances, including,
Stock-based Compensation The valuation of stock options is a significant accounting estimate that requires us to use judgments and assumptions that are likely to have a material impact on our fi nancial statements.
Annually, we make predictive assumptions regarding future stock price volatility, employee exercise behavior, dividend yield, and the forfeiture rate.
For more information on these assumptions, please refer to Note 11 to the Consolidated Financial Statements on page 66 of this report.
Th e estimated fair values of stock options granted and the assumptions used for the Black-Scholes option-pricing model were as follows:
## Table 1 ##
Th e risk-free interest rate for periods during the expected term of the options is based on the U. S.  Treasury zero-coupon yield curve in eff ect at the time of grant.
An increase in the expected term by 1 year, leaving all other assumptions constant, would increase the grant date fair value by 2 percent.
If all other assumptions are held constant, a one percentage point increase in our fi scal 2015 volatility assumption would increase the grant date fair value of our fi scal 2015 option awards by 7 percent.
To the extent that actual outcomes diff er from our assumptions, we are not required to true up grantdate fair value-based expense to fi nal intrinsic values.
However, these diff erences can impact the classifi cation of cash tax benefi ts realized upon exercise of stock options, as explained in the following two paragraphs.
Furthermore, historical data has a signifi cant bearing on our forward-looking assumptions.
Signifi cant variances between actual and predicted experience could lead to prospective revisions in our assumptions, which could then signifi cantly impact the year-over-year comparability of stock-based compensation expense.
Any corporate income tax benefi t realized upon exercise or vesting of an award in excess of that previously recognized in earnings (referred to as a windfall tax benefi t) is presented in the Consolidated Statements of Cash Flows as a fi nancing cash fl ow.
Th e actual impact on future years’ fi nancing cash fl ows will depend, in part, on the volume of employee stock option exercises during a particular year and the relationship between the exercise-date market value of the underlying stock and the original grant-date fair value previously determined for fi nancial reporting purposes.
Realized windfall tax benefi ts are credited to additional paid-in capital within the Consolidated Balance Sheets.
Realized shortfall tax benefi ts (amounts which are less than that previously recognized in earnings) are fi rst off set against the cumulative balance of windfall tax benefi ts, if any, and then charged directly to income tax expense, potentially resulting in volatility in our consolidated eff ective income tax rate.
We calculated a cumulative amount of windfall tax benefi ts for the purpose of accounting for future shortfall tax benefi ts and currently have suffi cient cumulative windfall tax bene- fi ts to absorb projected arising shortfalls, such that we do not currently expect future earnings to be aff ected by this provision.
However, as employee stock option exercise behavior is not within our control, it is possible that materially diff erent reported results could occur if diff erent assumptions or conditions were to prevail.
Income Taxes We apply a more-likely-than-not threshold to the recognition and derecognition of uncertain tax positions.
Accordingly, we recognize the amount of tax benefi t that has a greater than 50 percent likelihood of being ultimately realized upon settlement.
Future changes in judgment related to the expected ultimate resolution of uncertain tax positions will aff ect earnings in the quarter of such change.
For more information on income taxes, please refer to Note 14 to the Consolidated Financial Statements on page 76 of this report.
Defined Benefit Pension, Other Postretirement Benefi t, and Postemployment Benefi t Plans We have defi ned benefi t pension plans covering many employees in the United States, Canada, France, and the United Kingdom.
We also sponsor plans that provide health care benefi ts to many of our retirees in the United States, Canada, and Brazil.
Under certain circumstances, we also provide accruable benefi ts to former or inactive employees in the United States, Canada, and Mexico, and members of our Board of Directors, including severance and certain other benefi ts payable upon death.
Please refer to Note 13 to the Consolidated Financial
Information related to our cash flow hedges, fair value hedges, and other derivatives not designated as hedging instruments for the fiscal years ended May 27, 2018 and May 28, 2017, follows:
## Table 2 ##
(a) Effective portion.
(b) Gain (loss) reclassified from AOCI into earnings is reported in interest, net for interest rate swaps and in cost of sales and SG&A expenses for foreign exchange contracts.
(c) Gain (loss) recognized in earnings is related to the ineffective portion of the hedging relationship, including SG&A expenses for foreign exchange contracts and interest, net for interest rate contracts.
No amounts were reported as a result of being excluded from the assessment of hedge effectiveness.
(d) Gain (loss) recognized in earnings is reported in interest, net for interest rate contracts, in cost of sales for commodity contracts, and in SG&A expenses for equity contracts and foreign exchange contracts.
The following tables reconcile the net fair values of assets and liabilities subject to offsetting arrangements that are recorded in our Consolidated Balance Sheets to the net fair values that could be reported in our Consolidated Balance Sheets:
## Table 3 ##
Our expected term represents the period of time that options granted are expected to be outstanding based on historical data to estimate option exercises and employee terminations within the valuation model.
Separate groups of employees have similar historical exercise behavior and therefore were aggregated into a single pool for valuation purposes.
The weighted-average expected term for all employee groups is presented in the table above.
The risk-free interest rate for periods during the expected term of the options is based on the U. S.  Treasury zero-coupon yield curve in effect at the time of grant.
Any corporate income tax benefit realized upon exercise or vesting of an award in excess of that previously recognized in earnings (referred to as a windfall tax benefit) is presented in our Consolidated Statements of Cash Flows as an operating cash flow.
Realized windfall tax benefits and shortfall tax deficiencies related to the exercise or vesting of stock-based awards are recognized in the Consolidated Statement of Earnings.
We recognized windfall tax benefits from stock-based payments in income tax expense in our Consolidated Statements of Earnings of $24.5 million in fiscal 2019 and $25.5 million in fiscal 2018.
Options may be priced at 100 percent or more of the fair market value on the date of grant, and generally vest four years after the date of grant.
Options generally expire within 10 years and one month after the date of grant.
Information on stock option activity follows:
## Table 4 ##
Stock-based compensation expense related to stock option awards was $14.7 million in fiscal 2019, $15.5 million in fiscal 2018, and $18.0 million in fiscal 2017.
Compensation expense related to stock-based payments recognized in our Consolidated Statements of Earnings includes amounts recognized in restructuring, impairment, and other exit costs for fiscal 2018 and 2017.
Net cash proceeds from the exercise of stock options less shares used for minimum withholding taxes and the intrinsic value of options exercised were as follows:
## Table 5 ##
Restricted Stock, Restricted Stock Units, and Performance Share Units Stock and units settled in stock subject to a restricted period and a purchase price, if any (as determined by the Compensation Committee of the Board of Directors), may be granted to key employees under the 2017 Plan.
Restricted stock and restricted stock units generally vest and become unrestricted four years after the date of grant.
Performance share units are earned primarily based on our future achievement of three-year goals for average organic net sales growth and cumulative free cash flow.
Performance share units are settled in common stock and are generally subject to a three year performance and vesting period.
The sale or transfer of these
THE GOLDMAN SACHS GROUP, INC.  AND SUBSIDIARIES Notes to Consolidated Financial Statements In connection with the firm’s prime brokerage and clearing businesses, the firm agrees to clear and settle on behalf of its clients the transactions entered into by them with other brokerage firms.
The firm’s obligations in respect of such transactions are secured by the assets in the client’s account as well as any proceeds received from the transactions cleared and settled by the firm on behalf of the client.
In connection with joint venture investments, the firm may issue loan guarantees under which it may be liable in the event of fraud, misappropriation, environmental liabilities and certain other matters involving the borrower.
The firm is unable to develop an estimate of the maximum payout under these guarantees and indemnifications.
However, management believes that it is unlikely the firm will have to make any material payments under these arrangements, and no material liabilities related to these guarantees and indemnifications have been recognized in the consolidated statements of financial condition as of December 2016 and December 2015.
Other Representations, Warranties and Indemnifications.
The firm provides representations and warranties to counterparties in connection with a variety of commercial transactions and occasionally indemnifies them against potential losses caused by the breach of those representations and warranties.
The firm may also provide indemnifications protecting against changes in or adverse application of certain U. S.  tax laws in connection with ordinary-course transactions such as securities issuances, borrowings or derivatives.
In addition, the firm may provide indemnifications to some counterparties to protect them in the event additional taxes are owed or payments are withheld, due either to a change in or an adverse application of certain non-U.
S.  tax laws.
These indemnifications generally are standard contractual terms and are entered into in the ordinary course of business.
Generally, there are no stated or notional amounts included in these indemnifications, and the contingencies triggering the obligation to indemnify are not expected to occur.
The firm is unable to develop an estimate of the maximum payout under these guarantees and indemnifications.
However, management believes that it is unlikely the firm will have to make any material payments under these arrangements, and no material liabilities related to these arrangements have been recognized in the consolidated statements of financial condition as of December 2016 and December 2015.
Guarantees of Subsidiaries.
Group Inc.  fully and unconditionally guarantees the securities issued by GS Finance Corp. , a wholly-owned finance subsidiary of the firm.
Group Inc.  has guaranteed the payment obligations of Goldman, Sachs & Co.  (GS&Co. )
and GS Bank USA, subject to certain exceptions.
In addition, Group Inc.  guarantees many of the obligations of its other consolidated subsidiaries on a transaction-bytransaction basis, as negotiated with counterparties.
Group Inc.  is unable to develop an estimate of the maximum payout under its subsidiary guarantees; however, because these guaranteed obligations are also obligations of consolidated subsidiaries, Group Inc. ’s liabilities as guarantor are not separately disclosed.
Note 19.
Shareholders’ Equity Common Equity Dividends declared per common share were $2.60 in 2016, $2.55 in 2015 and $2.25 in 2014.
On January 17, 2017, Group Inc.  declared a dividend of $0.65 per common share to be paid on March 30, 2017 to common shareholders of record on March 2, 2017.
The firm’s share repurchase program is intended to help maintain the appropriate level of common equity.
The share repurchase program is effected primarily through regular open-market purchases (which may include repurchase plans designed to comply with Rule 10b5-1), the amounts and timing of which are determined primarily by the firm’s current and projected capital position, but which may also be influenced by general market conditions and the prevailing price and trading volumes of the firm’s common stock.
Prior to repurchasing common stock, the firm must receive confirmation that the Federal Reserve Board does not object to such capital actions.
The table below presents the amount of common stock repurchased by the firm under the share repurchase program.

Tables referenced above, in order (Table 0 first):
<table><tr><td> In Billions</td><td> Facility Amount</td><td> Borrowed Amount</td></tr><tr><td>Credit facility expiring:</td><td></td><td></td></tr><tr><td>April 2017</td><td>$1.7</td><td>$—</td></tr><tr><td>May 2019</td><td>1.0</td><td>—</td></tr><tr><td>Total committed credit facilities</td><td>2.7</td><td>—</td></tr><tr><td>Uncommitted credit facilities</td><td>0.4</td><td>0.1</td></tr><tr><td>Total committed and uncommitted credit facilities</td><td>$3.1</td><td>$0.1</td></tr></table>
<table><tr><td></td><td colspan="3"> Fiscal Year</td></tr><tr><td></td><td> 2015</td><td>2014</td><td>2013</td></tr><tr><td>Estimated fair values of stock options granted</td><td> $7.22</td><td>$6.03</td><td>$3.65</td></tr><tr><td>Assumptions:</td><td></td><td></td><td></td></tr><tr><td>Risk-free interest rate</td><td> 2.6 %</td><td>2.6 %</td><td>1.6 %</td></tr><tr><td>Expected term</td><td> 8.5 years</td><td>9.0 years</td><td>9.0 years</td></tr><tr><td>Expected volatility</td><td> 17.5 %</td><td>17.4 %</td><td>17.3 %</td></tr><tr><td>Dividend yield</td><td> 3.1 %</td><td>3.1 %</td><td>3.5 %</td></tr></table>
<table><tr><td></td><td colspan="2">Interest Rate Contracts Fiscal Year</td><td colspan="2"> Foreign Exchange Contracts  Fiscal Year</td><td colspan="3"> Equity  Contracts  Fiscal Year</td><td colspan="3"> Commodity Contracts  Fiscal Year</td><td colspan="2"> Total  Fiscal Year</td></tr><tr><td> In Millions</td><td> 2018</td><td>2017</td><td> 2018</td><td>2017</td><td colspan="2"> 2018</td><td>2017</td><td colspan="2"> 2018</td><td>2017</td><td> 2018</td><td>2017</td></tr><tr><td>Derivatives in Cash Flow Hedging Relationships:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Amount of gain (loss) recognized in othercomprehensive income (OCI) (a)</td><td>$-50.5</td><td>$24.0</td><td>$-14.6</td><td>$46.3</td><td> $</td><td> -</td><td>$-</td><td> $</td><td> -</td><td>$-</td><td>$-65.1</td><td>$70.3</td></tr><tr><td>Amount of net gain (loss) reclassified fromAOCI into earnings (a) (b)</td><td>19.3</td><td>-5.0</td><td>-4.2</td><td>33.8</td><td> </td><td> -</td><td>-</td><td> </td><td> -</td><td>-</td><td>15.1</td><td>28.8</td></tr><tr><td>Amount of net gain (loss) recognizedin earnings (c)</td><td>-2.6</td><td>0.1</td><td>-0.3</td><td>0.6</td><td> </td><td> -</td><td>-</td><td> </td><td> -</td><td>-</td><td>-2.9</td><td>0.7</td></tr><tr><td>Derivatives in Fair Value Hedging Relationships:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Amount of net gain (loss) recognizedin earnings (d)</td><td>-3.4</td><td>4.3</td><td>-</td><td>-</td><td> </td><td> -</td><td>-</td><td> </td><td> -</td><td>-</td><td>-3.4</td><td>4.3</td></tr><tr><td>Derivatives Not Designated as Hedging Instruments:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Amount of net gain (loss) recognizedin earnings (d)</td><td>-</td><td>-</td><td>-2.8</td><td>7.6</td><td> </td><td> 14.3</td><td>17.8</td><td> </td><td> 26.9</td><td>-16.2</td><td>38.4</td><td>9.2</td></tr></table>
<table><tr><td></td><td colspan="16"> May 27, 2018</td></tr><tr><td></td><td colspan="8"> Assets</td><td colspan="8"> Liabilities</td></tr><tr><td></td><td></td><td colspan="2"></td><td></td><td colspan="3"> Gross Amounts  Not Offset  in the  Balance Sheet (e)</td><td></td><td></td><td colspan="2"></td><td></td><td colspan="3"> Gross Amounts  Not Offset  in the  Balance Sheet (e)</td><td></td></tr><tr><td> In Millions</td><td> Gross Amounts of Recognized Assets</td><td colspan="2"> Gross Liabilities Offset in the Balance Sheet (a)</td><td> Net Amounts of Assets (b)</td><td>Financial Instruments</td><td colspan="2"> Cash Collateral Received</td><td> Net Amount (c)</td><td>Gross Amounts of Recognized Liabilities</td><td colspan="2"> Gross Assets Offset in the Balance Sheet (a)</td><td>Net Amounts of Liabilities (b)</td><td> Financial Instruments</td><td colspan="2"> Cash Collateral Pledged</td><td> Net Amount (d)</td></tr><tr><td>Commodity contracts</td><td>$27.7</td><td> $</td><td> -</td><td>$27.7</td><td>$-1.1</td><td> $</td><td> -</td><td>$26.6</td><td>$-1.1</td><td> $</td><td> -</td><td>$-1.1</td><td>$1.1</td><td> $</td><td> -</td><td>$-</td></tr><tr><td>Interest rate contracts</td><td>-</td><td> </td><td> -</td><td>-</td><td>-</td><td> </td><td> -</td><td>-</td><td>-6.9</td><td> </td><td> -</td><td>-6.9</td><td>-</td><td> </td><td> -</td><td>-6.9</td></tr><tr><td>Foreign exchange contracts</td><td>11.8</td><td> </td><td> -</td><td>11.8</td><td>-5.7</td><td> </td><td> -</td><td>6.1</td><td>-7.2</td><td> </td><td> -</td><td>-7.2</td><td>5.7</td><td> </td><td> -</td><td>-1.5</td></tr><tr><td>Equity contracts</td><td>3.9</td><td> </td><td> -</td><td>3.9</td><td>-0.4</td><td> </td><td> -</td><td>3.5</td><td>-0.4</td><td> </td><td> -</td><td>-0.4</td><td>0.4</td><td> </td><td> -</td><td>-</td></tr><tr><td> Total</td><td>$43.4</td><td> $</td><td> -</td><td>$43.4</td><td>$-7.2</td><td> $</td><td> -</td><td>$36.2</td><td>$-15.6</td><td> $</td><td> -</td><td>$-15.6</td><td>$7.2</td><td> $</td><td> -</td><td>$-8.4</td></tr></table>
<table><tr><td></td><td>Options Outstanding (Thousands)</td><td> Weighted- Average Exercise Price Per Share</td><td> Weighted- Average Remaining Contractual Term (Years)</td><td> Aggregate Intrinsic Value (Millions)</td></tr><tr><td>Balance as of May 27, 2018</td><td>28,963.8</td><td>$42.90</td><td></td><td></td></tr><tr><td>Granted</td><td>3,149.8</td><td>46.09</td><td></td><td></td></tr><tr><td>Exercised</td><td>-7,968.1</td><td>30.96</td><td></td><td></td></tr><tr><td>Forfeited or expired</td><td>-492.5</td><td>53.73</td><td></td><td></td></tr><tr><td> Outstanding as of May 26, 2019</td><td>23,653.0</td><td>$47.12</td><td> 4.82</td><td>$180.0</td></tr><tr><td> Exercisable as of May 26, 2019</td><td>14,219.0</td><td>41.80</td><td> 2.79</td><td>$159.8</td></tr></table>
<table><tr><td></td><td colspan="3"> Fiscal Year</td></tr><tr><td> In Millions</td><td> 2019</td><td>2018</td><td>2017</td></tr><tr><td>Net cash proceeds</td><td>$241.4</td><td>$99.3</td><td>$112.6</td></tr><tr><td>Intrinsic value of options exercised</td><td>$126.7</td><td>$83.6</td><td>$176.5</td></tr></table>

Question: What's the Net Amount in terms of Assets for Equity contracts at May 27, 2018? (in million)
Answer: 3.5