Dividends The declaration of dividends is subject to the discretion of our board of directors, and may be affected by various factors, including our future earnings, financial condition, capital requirements, share repurchase activity, levels of indebtedness, credit ratings and other considerations our board of directors deem relevant.
Our board of directors has adopted a quarterly dividend declaration policy providing that the declaration of any dividends will be determined quarterly by the board or audit committee of the board of directors taking into account such factors as our evolving business model, prevailing business conditions and our financial results and capital requirements, without a predetermined annual net income payout ratio.
During the year ended December 31, 2016, on a postsplit basis, we paid dividends of $0.68 per share of our common stock in the aggregate, including quarterly dividend for each quarter in 2016 of $0.17 per share, for an aggregate payout of $409 million in 2016, which includes the payment of dividend equivalents.
Refer to note 10 to our consolidated financial statements and related notes, which are included elsewhere in this Annual Report, for details on the amounts of our quarterly dividend payouts for the last two years.
As a holding company, we have no operations and rely upon dividends from our subsidiaries in order to provide liquidity necessary to service our debt obligations and make dividend payments to our shareholders.
We and our subsidiaries are all required to comply with legal and regulatory restrictions, including restrictions contained in applicable general corporate laws, regarding the declaration and payment of dividends.
These laws may limit our or our subsidiaries’ ability to declare and pay dividends from time to time.
None of the indentures governing our and our subsidiaries’ outstanding indebtedness contain specific covenants restricting our ability, or the ability of our subsidiaries, to pay dividends absent a default on such indebtedness.
Our senior unsecured revolving credit facility in the aggregate amount of $3.4 billion, however, limits our ability to declare and make dividend payments, and other distributions of our cash, property or assets, if a default under the applicable facility has occurred and is continuing, or would occur as a result of our declaration and payment of any dividend or other distribution.
Our senior unsecured revolving credit facility contains customary financial and operating covenants that place restrictions on our operations, including our maintenance of specified total leverage and interest coverage ratios, which could indirectly affect our ability to pay dividends.
Refer to note 9 to our consolidated financial statements and related notes, which are included elsewhere in this Annual Report, for more information on our debt facilities.
Price Range of Common Stock Our common stock trades on the New York Stock Exchange under the ticker symbol “ICE”.
On February 3, 2017, our common stock traded at a high of $59.00 per share and a low of $58.45 per share.
The following table sets forth the quarterly high and low sale prices for the periods indicated for our common stock on the New York Stock Exchange, on a post-split basis.
## Table 0 ##
Equity Compensation Plan Information The following table provides information about our common stock that has been or may be issued under our equity compensation plans as of December 31, 2016: ?
Intercontinental Exchange Holdings, Inc.  2013 Omnibus Employee Incentive Plan ?
Intercontinental Exchange Holdings, Inc.  2013 Omnibus Non-Employee Director Incentive Plan ?
Intercontinental Exchange Holdings, Inc.  2009 Omnibus Incentive Plan ?
Intercontinental Exchange Holdings, Inc.  2003 Restricted Stock Deferral Plan for Outside Directors ?
Intercontinental Exchange Holdings, Inc.  2000 Stock Option Plan ?
Creditex Amended and Restated 1999 Stock Option/Stock Issuance Plan ?
NYSE Amended and Restated Omnibus Incentive Plan
discussion of these rebates, see Item 7 “- Management’s Discussion and Analysis of Financial Condition and Results of Operations - Segment Reporting - Trading and Clearing Segment” included elsewhere in this Annual Report.
(3) Acquisition-related transaction and integration costs relate to acquisitions and other strategic opportunities.
The acquisitionrelated transaction costs include fees for investment banking advisors, lawyers, accountants, tax advisors and public relations firms, deal-related bonuses to certain of our employees, as well as costs associated with credit facilities and other external costs directly related to the transactions.
We also incurred integration costs during the years ended December 31, 2016, 2015, 2014 and 2013 relating to our NYSE acquisition and during the year ended December 31, 2016 relating to our Interactive Data acquisition, primarily related to employee termination costs, lease terminations costs, costs incurred relating to the IPO of Euronext, transaction-related bonuses and professional services costs incurred relating to the integrations.
(4) Other expense, net during the year ended December 31, 2013 includes a $190 million impairment loss on our Cetip investment and a $51 million expense relating to the early payoff of outstanding debt.
(5) During the year ended December 31, 2014, we sold 100% of our wholly-owned subsidiary, Euronext, in connection with Euronext's IPO, and we sold our entire interest in three companies that comprised the former NYSE Technologies (NYFIX, Metabit and Wombat).
We treated the sale of these entities as discontinued operations for all periods presented from their acquisition on November 13, 2013 to their dispositions.
See Item 7 “- Management’s Discussion and Analysis of Financial Condition and Results of Operations - Discontinued Operations” and note 16 to our consolidated financial statements and related notes, both of which are included elsewhere in this Annual Report, for more information regarding their presentation as discontinued operations.
(6) Our results include certain items that are not reflective of our cash operations and core business performance.
Excluding these items, net of taxes, net income attributable to ICE for the year ended December 31, 2016 would have been $1.7 billion; and, basic earnings per share and diluted earnings per share attributable to ICE common shareholders would have been $2.80 and $2.78, respectively.
See Item 7 “- Management’s Discussion and Analysis of Financial Condition and Results of Operations - NonGAAP Financial Measures” included elsewhere in this Annual Report for more information on these items.
(7) Figures have been retroactively adjusted to reflect the 5-for-1 stock split effected in the fourth quarter of 2016.
(8) The weighted average common shares outstanding increased in 2016 primarily due to the stock issued for the Interactive Data and Trayport acquisitions and increased in 2014 primarily due to stock issued for the NYSE acquisition.
On a post-split basis, we issued 211.9 million shares of our common stock to NYSE stockholders, 32.3 million shares of our common stock to Interactive Data stockholders and 12.6 million shares of our common stock to Trayport stockholders, weighted to show these additional shares outstanding for all periods after the respective acquisition dates.
## Table 1 ##
(1) The increases in our equity, goodwill and other intangible assets, and debt as of December 31, 2015 primarily relates to our acquisitions of Interactive Data and Trayport.
The decrease in our cash and cash equivalents and the increases in our equity, goodwill and other intangible assets, and debt as of December 31, 2013 primarily relates to our acquisition of NYSE.
Refer to notes 3, 7 and 9 to our consolidated financial statements and related notes, which are included elsewhere in this Annual Report, for more information on these items.
(2) Clearing members of our clearing houses are required to deposit original margin and variation margin and to make deposits to a guaranty fund.
The cash deposits made to these margin accounts and to the guaranty fund are recorded in the consolidated balance sheet as current assets with corresponding current liabilities to the clearing members that deposited them.
Refer to note 12 to our
The income tax effects relating to the items above are included in non-GAAP adjustments as well as deferred tax adjustments on acquisition-related intangibles and other tax adjustments.
The tax items in non-GAAP adjustments are either the tax impacts of the pre-tax non-GAAP adjustments or are tax items as described below that are not in the normal course of business and are not indicative of our core business performance.
Deferred tax adjustments on acquisition-related intangibles relates primarily to future U. K.  corporate income tax rate reductions with deferred tax benefits of $34 million and $60 million for the years ended December 31, 2016 and 2015, respectively.
Further, deferred tax adjustments on acquisition-related intangibles include the impact of U. S.  state tax law and apportionment changes which resulted in a deferred tax expense of $12 million for the year ended December 31, 2016 and a deferred tax benefit of $22 million and $14 million for the years ended December 31, 2015 and 2014, respectively.
Other tax adjustments for the year ended December 31, 2016 relate to a $15 million valuation allowance on Singapore pre-acquisition net operating losses and other deferred tax assets and an $8 million deferred tax adjustment with respect to our OCC equity method investment.
Other tax adjustments for year ended December 31, 2015 represents a $7 million uncertain tax position relating to a retrospective foreign tax law change for a pre-acquisition period and for the year ended December 31, 2014, represents $12 million of foreign tax expense in connection with the IPO of Euronext and the integration of Liffe.
For additional information on these items, refer to our consolidated financial statements and related notes, which are included elsewhere in this Annual Report and “- Consolidated Operating Expenses”, “- Non-Operating Income (Expenses)” and “- Income Tax Provision” above.
Off-Balance Sheet Arrangements We do not have any relationships with unconsolidated entities or financial partnerships, often referred to as structured finance or special purpose entities, which have been established for the purpose of facilitating off-balance sheet arrangements or other contractually narrow or limited purposes.
Contractual Obligations and Commercial Commitments The following table presents, for the periods indicated, our contractual obligations (which we intend to fund from our existing cash as well as cash flow from operations) and commercial commitments as of December 31, 2016 (in millions):
## Table 2 ##
ices that we believe are enforceable and legally binding and that specify all significant terms, including: fixed or minimum quantities to be purchased; fixed, minimum or variable price provisions; and the approximate timing of the transaction.
Purchase obligations exclude agreements that are cancellable at any time without penalty.
We have excluded from the contractual obligations and commercial commitments table above $55.2 billion in cash margin deposits and guaranty fund liabilities.
Clearing members of our clearing houses are required to deposit original margin and variation margin and to make deposits to a guaranty fund.
The cash deposits made to these margin accounts and to the guaranty fund are recorded in the consolidated balance sheet as current assets with corresponding current liabilities to the clearing members that deposited them.
See note 12 to our consolidated financial statements and related notes that are included elsewhere in this Annual Report for additional information on our clearing houses and the margin deposits and guaranty funds’ liabilities.
We have also excluded unrecognized tax benefits, or UTBs, from the contractual obligations and commercial commitments table above.
As of December 31, 2016, our cumulative UTBs were $112 million.
Interest and penalties related to UTBs were $35 million as of December 31, 2016.
We are under examination by various tax authorities.
We are unable to make a reasonable estimate of the periods of cash settlement because it is not possible to reasonably predict, the amount of tax, interest and penalties, if any, that might be assessed by a tax authority or the timing of an assessment or payment.
It is also not possible to reasonably predict whether or not the applicable statutes of limitations might expire without us being examined by any particular tax authority.
See note 11 to our consolidated financial statements and related notes that are included elsewhere in this Annual Report for additional information on our UTBs.
Table of Contents VALERO ENERGY CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) Commodity Price Risk We are exposed to market risks related to the volatility in the price of crude oil, refined products (primarily gasoline and distillate), grain (primarily corn), and natural gas used in our operations.
To reduce the impact of price volatility on our results of operations and cash flows, we use commodity derivative instruments, including futures, swaps, and options.
We use the futures markets for the available liquidity, which provides greater flexibility in transacting our hedging and trading operations.
We use swaps primarily to manage our price exposure.
Our positions in commodity derivative instruments are monitored and managed on a daily basis by a risk control group to ensure compliance with our stated risk management policy that has been approved by our board of directors.
For risk management purposes, we use fair value hedges, cash flow hedges, and economic hedges.
In addition to the use of derivative instruments to manage commodity price risk, we also enter into certain commodity derivative instruments for trading purposes.
Our objective for entering into each type of hedge or trading derivative is described below.
Fair Value Hedges Fair value hedges are used to hedge price volatility in certain refining inventories and firm commitments to purchase inventories.
The level of activity for our fair value hedges is based on the level of our operating inventories, and generally represents the amount by which our inventories differ from our previous year-end LIFO inventory levels.
As of December 31, 2011, we had the following outstanding commodity derivative instruments that were entered into to hedge crude oil and refined product inventories and commodity derivative instruments related to the physical purchase of crude oil and refined products at a fixed price.
The information presents the notional volume of outstanding contracts by type of instrument and year of maturity (volumes in thousands of barrels).

Tables referenced above, in order (Table 0 first):
<table><tr><td></td><td colspan="2">Common Stock MarketPrice</td></tr><tr><td></td><td>High</td><td>Low</td></tr><tr><td>Year Ended December 31, 2015</td><td></td><td></td></tr><tr><td>First Quarter</td><td>$48.01</td><td>$40.45</td></tr><tr><td>Second Quarter</td><td>$48.59</td><td>$44.23</td></tr><tr><td>Third Quarter</td><td>$49.28</td><td>$44.06</td></tr><tr><td>Fourth Quarter</td><td>$53.35</td><td>$44.93</td></tr><tr><td>Year Ended December 31, 2016</td><td></td><td></td></tr><tr><td>First Quarter</td><td>$53.78</td><td>$45.79</td></tr><tr><td>Second Quarter</td><td>$54.39</td><td>$45.88</td></tr><tr><td>Third Quarter</td><td>$57.40</td><td>$50.18</td></tr><tr><td>Fourth Quarter</td><td>$59.86</td><td>$52.27</td></tr></table>
<table><tr><td rowspan="3"></td><td colspan="5">As of December 31,</td></tr><tr><td>2016</td><td>2015</td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td colspan="5">(In millions)</td></tr><tr><td>Consolidated Balance Sheet Data</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents<sup>-1</sup></td><td>$407</td><td>$627</td><td>$652</td><td>$961</td><td>$1,612</td></tr><tr><td>Margin deposits and guaranty fund assets<sup>-2</sup></td><td>55,150</td><td>51,169</td><td>47,458</td><td>42,216</td><td>31,883</td></tr><tr><td>Total current assets</td><td>57,133</td><td>53,313</td><td>50,232</td><td>44,269</td><td>33,750</td></tr><tr><td>Goodwill and other intangible assets, net<sup>-1</sup></td><td>22,711</td><td>22,837</td><td>16,315</td><td>18,512</td><td>2,737</td></tr><tr><td>Total assets</td><td>82,003</td><td>77,987</td><td>68,254</td><td>64,422</td><td>37,215</td></tr><tr><td>Margin deposits and guaranty fund liabilities<sup>-2</sup></td><td>55,150</td><td>51,169</td><td>47,458</td><td>42,216</td><td>31,883</td></tr><tr><td>Total current liabilities</td><td>58,617</td><td>54,743</td><td>50,436</td><td>44,321</td><td>32,246</td></tr><tr><td>Short-term and long-term debt<sup>-1</sup></td><td>6,364</td><td>7,308</td><td>4,277</td><td>5,058</td><td>1,132</td></tr><tr><td>Equity<sup>-1</sup></td><td>15,754</td><td>14,840</td><td>12,392</td><td>12,381</td><td>3,677</td></tr></table>
<table><tr><td></td><td colspan="5">Payments Due by Period</td></tr><tr><td></td><td>Total</td><td>Less Than1 Year</td><td>1-3 Years</td><td>4-5 Years</td><td>After5 Years</td></tr><tr><td>Contractual Obligations:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Short-term and long-term debt and interest</td><td>$7,225</td><td>$2,639</td><td>$2,205</td><td>$158</td><td>$2,223</td></tr><tr><td>Operating lease obligations</td><td>612</td><td>85</td><td>148</td><td>113</td><td>266</td></tr><tr><td>Purchase obligations</td><td>118</td><td>83</td><td>35</td><td>—</td><td>—</td></tr><tr><td>Other liabilities and commitments</td><td>20</td><td>20</td><td>—</td><td>—</td><td>—</td></tr><tr><td>Total contractual cash obligations</td><td>$7,975</td><td>$2,827</td><td>$2,388</td><td>$271</td><td>$2,489</td></tr></table>

Question: In the year with the most Total assets, what is the growth rate of Total current liabilities?
Answer: 0.07077
Reasoning program: subtract(58617,54743), divide(#0,54743)