Table VII Allowance for Credit Losses (continued)
## Table 0 ##
(5) Loan and allowance ratios include $243 million of non-U.
S.  credit card allowance for loan and lease losses and $9.2 billion of ending non-U.
S.  credit card loans, which are included in assets of business held for sale on the Consolidated Balance Sheet at December 31, 2016.
(6) Outstanding loan and lease balances and ratios do not include loans accounted for under the fair value option of $7.1 billion, $6.9 billion, $8.7 billion, $10.0 billion and $9.0 billion at December 31, 2016, 2015, 2014, 2013 and 2012, respectively.
Average loans accounted for under the fair value option were $8.2 billion, $7.7 billion, $9.9 billion, $9.5 billion and $8.4 billion in 2016, 2015, 2014, 2013 and 2012, respectively.
(7) Excludes consumer loans accounted for under the fair value option of $1.1 billion, $1.9 billion, $2.1 billion, $2.2 billion and $1.0 billion at December 31, 2016, 2015, 2014, 2013 and 2012, respectively.
(8) Excludes commercial loans accounted for under the fair value option of $6.0 billion, $5.1 billion, $6.6 billion, $7.9 billion and $8.0 billion at December 31, 2016, 2015, 2014, 2013 and 2012, respectively.
(9) Net charge-offs exclude $340 million, $808 million, $810 million, $2.3 billion and $2.8 billion of write-offs in the PCI loan portfolio in 2016, 2015, 2014, 2013 and 2012 respectively.
For more information on PCI write-offs, see Consumer Portfolio Credit Risk Management – Purchased Credit-impaired Loan Portfolio on page 61.
(10) For more information on our definition of nonperforming loans, see pages 63 and 69.
(11) Primarily includes amounts allocated to U. S.  credit card and unsecured consumer lending portfolios in Consumer Banking, PCI loans and the non-U.
S.  credit portfolio in All Other.
(12) For more information on the PCI loan portfolio and the valuation allowance for PCI loans, see Note 4 – Outstanding Loans and Leases and Note 5 – Allowance for Credit Losses to the Consolidated Financial Statements
Monitoring business.
Automation and Control Solutions sales in 2003 increased by 7 percent compared with 2002 due to favorable effects of foreign exchange of 5 percent and acquisitions, net of the disposition of our Consumer Products business, of 4 percent, partially offset by the impact of lower prices and volumes of 1 percent each.
Sales increased by 11 percent for our Automation and Control Products businesses as the favorable effects of foreign exchange and acquisitions, mainly Invensys Sensor Systems (Invensys), more than offset the impact of the disposition of our Consumer Products business and lower volumes.
Sales for our Process Solutions business increased by 4 percent due to the favorable effect of foreign exchange partially offset by lower unit volumes.
Sales for our Building Solutions business increased by 2 percent as the favorable effect of foreign exchange more than offset lower volumes due to continued softness in the non-residential construction market.
Automation and Control Solutions segment profit in 2004 increased by 6 percent compared with 2003 due to the favorable effect of higher sales volumes partially offset by increased investments in sales and marketing initiatives and higher research and development costs to support new product introductions.
Automation and Control Solutions segment profit in 2003 decreased by 2 percent compared with 2002 due mainly to the decline in higher-margin energy-retrofit and discretionary spot sales in our Building Solutions business, and increased research and development expense and investments in sales and marketing initiatives, mainly in our Automation and Control Products and Building Solutions businesses, respectively.
Segment profit was also adversely impacted in 2003 by pricing pressures mainly in our Automation and Control Products and Process Solutions businesses.
Trends which may impact Automation and Control Solutions operating results in 2005 include: ?
Extent, if any, of recovery in non-residential construction spending and capital spending on building and process automation.  ?
Consolidation in the fire and security industry may result in increased competition.
Specialty Materials
## Table 1 ##
Specialty Materials sales in 2004 increased by 10 percent compared with 2003 due to the impact of higher prices of 6 percent (mainly in our Nylon System business), higher volumes of 5 percent and the favorable effect of foreign exchange of 1 percent, partially offset by prior year divestitures, net of acquisitions, of 2 percent.
Sales for our Chemicals business improved by 19 percent driven principally by continuing strong demand for our non-ozone depleting HFC products for refrigeration and air conditioning applications, as well as for blowing agents for insulation applications.
Sales for our Electronic Materials business increased by 13 percent driven by improvement in the semiconductor industry.
Sales for our Performance Products business were also higher by 13 percent due to strong demand for our Spectra fiber, principally from the U. S.  military.
Specialty Materials sales in 2003 decreased by 1 percent compared with 2002 due to the impact of the divestitures of our Advanced Circuits, PFC and Engineering Plastics businesses, net of the acquisition of BASF’s nylon fiber business, of 6 percent partially offset by the favorable effects of foreign exchange of 3 percent and higher volumes of 2 percent.
Higher volumes were principally driven by strong demand for Spectra fiber from the U. S.  military, increasing demand for HFCs, a key component of many non-ozone depleting refrigerants and foam blowing agents and increased demand for electronic materials from the semiconductor industry.
Volumes were adversely affected in 2003 by the temporary plant shutdowns in our Fluorocarbons and Nylon System businesses.
Specialty Materials segment profit in 2004 increased by 35 percent compared with 2003 due principally to higher sales volumes and price increases, partially offset by higher raw material costs (principally phenol resulting from increases in benzene prices) mainly in our Nylon System business.
Transfer Agent and Registrar for Common Stock The transfer agent and registrar for our common stock is: Computershare Shareowner Services LLC 480 Washington Boulevard 29th Floor Jersey City, New Jersey 07310 Telephone: (877) 363-6398 Sales of Unregistered Securities Not applicable.
Repurchase of Equity Securities The following table provides information regarding our purchases of our equity securities during the period from October 1, 2015 to December 31, 2015.
## Table 2 ##
1 Included shares of our common stock, par value $0.10 per share, withheld under the terms of grants under employee stock-based compensation plans to offset tax withholding obligations that occurred upon vesting and release of restricted shares (the “Withheld Shares”).
We repurchased 1,004 Withheld Shares in October 2015, 1,777 Withheld Shares in November 2015 and 9,342 Withheld Shares in December 2015.2 The average price per share for each of the months in the fiscal quarter and for the three-month period was calculated by dividing the sum of the applicable period of the aggregate value of the tax withholding obligations and the aggregate amount we paid for shares acquired under our stock repurchase program, described in Note 5 to the Consolidated Financial Statements, by the sum of the number of Withheld Shares and the number of shares acquired in our stock repurchase program.3 In February 2015, the Board authorized a share repurchase program to repurchase from time to time up to $300.0 million, excluding fees, of our common stock (the “2015 Share Repurchase Program”).
On February 12, 2016, we announced that our Board had approved a new share repurchase program to repurchase from time to time up to $300.0 million, excluding fees, of our common stock.
The new authorization is in addition to any amounts remaining for repurchase under the 2015 Share Repurchase Program.
There is no expiration date associated with the share repurchase programs.

Tables referenced above, in order (Table 0 first):
<table><tr><td>(Dollars in millions)</td><td>2016</td><td>2015</td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td>Loan and allowance ratios<sup>-5</sup>:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Loans and leases outstanding at December 31<sup>-6</sup></td><td>$908,812</td><td>$890,045</td><td>$867,422</td><td>$918,191</td><td>$898,817</td></tr><tr><td>Allowance for loan and lease losses as a percentage of total loans and leases outstanding at December 31<sup>-6</sup></td><td>1.26%</td><td>1.37%</td><td>1.66%</td><td>1.90%</td><td>2.69%</td></tr><tr><td>Consumer allowance for loan and lease losses as a percentage of total consumer loans and leases outstanding at December 31<sup>-7</sup></td><td>1.36</td><td>1.63</td><td>2.05</td><td>2.53</td><td>3.81</td></tr><tr><td>Commercial allowance for loan and lease losses as a percentage of total commercial loans and leases outstanding at December 31<sup>-8</sup></td><td>1.16</td><td>1.11</td><td>1.16</td><td>1.03</td><td>0.90</td></tr><tr><td>Average loans and leases outstanding<sup>-6</sup></td><td>$892,255</td><td>$869,065</td><td>$888,804</td><td>$909,127</td><td>$890,337</td></tr><tr><td>Net charge-offs as a percentage of average loans and leases outstanding<sup>-6, 9</sup></td><td>0.43%</td><td>0.50%</td><td>0.49%</td><td>0.87%</td><td>1.67%</td></tr><tr><td>Net charge-offs and PCI write-offs as a percentage of average loans and leases outstanding<sup>-6</sup></td><td>0.47</td><td>0.59</td><td>0.58</td><td>1.13</td><td>1.99</td></tr><tr><td>Allowance for loan and lease losses as a percentage of total nonperforming loans and leases at December 31<sup>-6, 10</sup></td><td>149</td><td>130</td><td>121</td><td>102</td><td>107</td></tr><tr><td>Ratio of the allowance for loan and lease losses at December 31 to net charge-offs<sup>-9</sup></td><td>3.00</td><td>2.82</td><td>3.29</td><td>2.21</td><td>1.62</td></tr><tr><td>Ratio of the allowance for loan and lease losses at December 31 to net charge-offs and PCI write-offs</td><td>2.76</td><td>2.38</td><td>2.78</td><td>1.70</td><td>1.36</td></tr><tr><td>Amounts included in allowance for loan and lease losses for loans and leases that are excluded from nonperforming loans and leases at December 31<sup>-11</sup></td><td>$3,951</td><td>$4,518</td><td>$5,944</td><td>$7,680</td><td>$12,021</td></tr><tr><td>Allowance for loan and lease losses as a percentage of total nonperforming loans and leases, excluding the allowance for loan and lease losses for loans and leases that are excluded from nonperforming loans and leases at December 31<sup>-6, 11</sup></td><td>98%</td><td>82%</td><td>71%</td><td>57%</td><td>54%</td></tr><tr><td>Loan and allowance ratios excluding PCI loans and the related valuation allowance:<sup>-5, 12</sup></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Allowance for loan and lease losses as a percentage of total loans and leases outstanding at December 31<sup>-6</sup></td><td>1.24%</td><td>1.31%</td><td>1.51%</td><td>1.67%</td><td>2.14%</td></tr><tr><td>Consumer allowance for loan and lease losses as a percentage of total consumer loans and leases outstanding at December 31<sup>-7</sup></td><td>1.31</td><td>1.50</td><td>1.79</td><td>2.17</td><td>2.95</td></tr><tr><td>Net charge-offs as a percentage of average loans and leases outstanding<sup>-6</sup></td><td>0.44</td><td>0.51</td><td>0.50</td><td>0.90</td><td>1.73</td></tr><tr><td>Allowance for loan and lease losses as a percentage of total nonperforming loans and leases at December 31<sup>-6, 10</sup></td><td>144</td><td>122</td><td>107</td><td>87</td><td>82</td></tr><tr><td>Ratio of the allowance for loan and lease losses at December 31 to net charge-offs</td><td>2.89</td><td>2.64</td><td>2.91</td><td>1.89</td><td>1.25</td></tr></table>
<table><tr><td></td><td> 2004 </td><td> 2003 </td><td colspan="2"> 2002 </td></tr><tr><td></td><td colspan="4"> (Dollars in millions)</td></tr><tr><td>Net sales</td><td>$3,497</td><td>$3,169</td><td>$3,205</td><td></td></tr><tr><td>% change compared with prior year</td><td>10%</td><td>-1 %</td><td>(3</td><td>)%</td></tr><tr><td>Segment profit</td><td>$184</td><td>$136</td><td>$90</td><td></td></tr><tr><td>% change compared with prior year</td><td>35%</td><td>51%</td><td>61%</td><td></td></tr></table>
<table><tr><td></td><td>Total Number ofShares (or Units)Purchased<sup>1</sup></td><td>Average Price Paidper Share (or Unit)<sup>2</sup></td><td>Total Number ofShares (or Units)Purchased as Part ofPublicly AnnouncedPlans or Programs<sup>3</sup></td><td>Maximum Number (or Approximate Dollar Value) of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs<sup>3</sup></td></tr><tr><td>October 1 - 31</td><td>2,140,511</td><td>$20.54</td><td>2,139,507</td><td>$227,368,014</td></tr><tr><td>November 1 - 30</td><td>1,126,378</td><td>$22.95</td><td>1,124,601</td><td>$201,557,625</td></tr><tr><td>December 1 - 31</td><td>1,881,992</td><td>$22.97</td><td>1,872,650</td><td>$158,553,178</td></tr><tr><td>Total</td><td>5,148,881</td><td>$21.96</td><td>5,136,758</td><td></td></tr></table>

Question: What's the growth rate of Loans and leases outstanding at December 31 in 2016?
Answer: 0.02109
Reasoning program: subtract(908812,890045), divide(#0,890045)