The summary of the changes in restricted stock awards outstanding during the year ended December 25, 2010, December 26, 2009 and December 27, 2008 is presented below:
## Table 0 ##
The total fair value of restricted stock and restricted stock units vested during 2010, 2009 and 2008 was $61 million, $16 million and $19 million, respectively.
Compensation expense recognized for the restricted stock units for 2010, 2009 and 2008 was approximately $61 million, $49 million and $45 million.
Compensation expense recognized for the restricted stock awards is not significant.
As of December 25, 2010, the Company had $19 million of total unrecognized compensation expense, net of estimated forfeitures, related to stock options that will be recognized over the weighted average period of 1.71 years.
As of December 25, 2010, the Company had $99 million of total unrecognized compensation expense, net of estimated forfeitures, related to restricted stock awards and restricted stock units that will be recognized over the weighted average period of 1.93 years.
Stock Purchase Plan.
The Company had an employee stock purchase plan (ESPP) that allowed eligible and participating employees to purchase, through payroll deductions, shares of the Company’s common stock at 85% of the lower of the fair market value on the first or the last business day of the three-month offering period.
Beginning with the November 2007 purchase period the Company temporarily suspended its ESPP program, and the Company indefinitely suspended the program on December 3, 2008.
The ESPP expired on April 27, 2010.
Shares Reserved for Issuance.
The Company had a total of approximately 24.3 million shares of common stock as of December 25, 2010 that were available for future grants under the 2004 Plan and 60.8 million shares reserved for issuance upon the exercise of outstanding stock options or the vesting of unvested restricted stock awards (including restricted stock units and awards) under the 2004 Plan, the Company’s prior equity compensation plans and the assumed ATI plans.
NOTE 15: Other Employee Benefit Plans Retirement Savings Plan.
The Company has a retirement savings plan, commonly known as a 401(k) plan, that allows participating employees in the United States to contribute up to 100% of their pre-tax salary subject to Internal Revenue Service limits.
The Company matched employee contributions one to one for the first 3% of participants’ contributions and 50 cents on each dollar of additional 3% of participants’ contributions, to a maximum of 4.5% of eligible compensation.
The Company’s contributions to the 401(k) plan were approximately $9 million in 2010 and $5 million in each of 2009 and 2008.
In 2009, as part of its cost cutting efforts, the Company temporarily suspended the matching contributions for its 401(k) plan, effective February 2, 2009.
In January 2010, the Company announced the partial reinstatement of the Section 401(k) plan matching contributions for 2010.
At the end of 2010, the Company looked back at all
In January 2013, we completed the conversion of our federal savings bank subsidiary, Ameriprise Bank to a limited powers national trust bank.
In 2012, all checking, savings and money market accounts and certificates of deposit were liquidated and returned to our clients, Ameriprise Bank’s consumer loan portfolio, including first mortgages, home equity loans, home equity lines of credit and unsecured loans, was sold to affiliates of Ameriprise Bank, and Ameriprise Bank’s credit card account portfolio was sold to Barclays Bank Delaware (‘‘Barclays’’).
See additional discussion on the transition and the impact to our business in the Overview section above.
The following table presents the changes in wrap account assets for the years ended December 31:
## Table 1 ##
(1) Average ending balances are calculated using a five-point average of quarter-end balances.
Wrap account assets increased $21.2 billion, or 21%, during the year ended December 31, 2012 due to net inflows of $9.6 billion and market appreciation and other of $11.6 billion.
Average wrap account assets increased $13.6 billion, or 13%, compared to the prior year due to net inflows and market appreciation.
The following table presents the results of operations of our Advice & Wealth Management segment on an operating basis:
## Table 2 ##
Our Advice & Wealth Management segment pretax operating earnings, which exclude net realized gains or losses, increased $37 million, or 9%, to $443 million for the year ended December 31, 2012 compared to $406 million for the prior year primarily due to strong growth in wrap account assets partially offset by lower net investment income.
Pretax operating margin was 11.4% for the year ended December 31, 2012 compared to 10.9% for the prior year.
Net Revenues Net revenues exclude net realized gains or losses.
Net revenues increased $160 million, or 4%, to $3.9 billion for the year ended December 31, 2012 compared to $3.7 billion for the prior year reflecting client net inflows and market appreciation, partially offset by lower net investment income.
Operating net revenue per branded advisor was $396,000 for the year ended December 31, 2012, up 3% from the prior year.
Total branded advisors were 9,767 at December 31, 2012 compared to 9,730 at December 31, 2011.
Management and financial advice fees increased $147 million, or 9%, to $1.7 billion for the year ended December 31, 2012 compared to $1.6 billion for the prior year driven by growth in wrap account assets.
Average wrap account assets increased $13.6 billion, or 13%, to $115.0 billion for the year ended December 31, 2012 compared to the prior year due to net inflows and market appreciation.
See our discussion of the changes in wrap account assets above.
Distribution fees increased $30 million, or 2%, to $1.9 billion for the year ended December 31, 2012 compared to $1.8 billion for the prior year due to higher asset-based fees driven by growth in wrap account assets.
indicative of the amounts that could be realized upon disposition of the financial instruments.
A summary of the carrying amount and fair value of our mortgages payable, notes payable and senior notes and debentures is as follows:
## Table 3 ##
As of December 31, 2014, we have two interest rate swap agreements with a notional amount of $275.0 million that are measured at fair value on a recurring basis.
The interest rate swap agreements fix the variable portion of our $275.0 million term loan at 1.72% from December 1, 2011 through November 1, 2018.
The fair values of the interest rate swap agreements are based on the estimated amounts we would receive or pay to terminate the contracts at the reporting date and are determined using interest rate pricing models and interest rate related observable inputs.
The fair value of our swaps at December 31, 2014 and 2013, was a liability of $3.5 million, and $1.4 million, respectively, and are included in "accounts payable and accrued expenses" on our consolidated balance sheets.
The changes in valuation on our interest rate swaps were a $2.1 million decrease and an $11.0 million increase (including $4.3 million for both years reclassified from other comprehensive loss to earnings) for 2014 and 2013, and are included in "accumulated other comprehensive loss".
A summary of our financial liabilities that are measured at fair value on a recurring basis, by level within the fair value hierarchy is as follows:
## Table 4 ##
NOTE 9—COMMITMENTS AND CONTINGENCIES We are sometimes involved in lawsuits, warranty claims, and environmental matters arising in the ordinary course of business.
Management makes assumptions and estimates concerning the likelihood and amount of any potential loss relating to these matters.
We are currently a party to various legal proceedings.
We accrue a liability for litigation if an unfavorable outcome is probable and the amount of loss can be reasonably estimated.
If an unfavorable outcome is probable and a reasonable estimate of the loss is a range, we accrue the best estimate within the range; however, if no amount within the range is a better estimate than any other amount, the minimum within the range is accrued.
Legal fees related to litigation are expensed as incurred.
Other than as described below, we do not believe that the ultimate outcome of these matters, either individually or in the aggregate, could have a material adverse effect on our financial position or overall trends in results of operations; however, litigation is subject to inherent uncertainties.
Also under our leases, tenants are typically obligated to indemnify us from and against all liabilities, costs and expenses imposed upon or asserted against us (1) as owner of the properties due to certain matters relating to the operation of the properties by the tenant, and (2) where appropriate, due to certain matters relating to the ownership of the properties prior to their acquisition by us.
We reserve for estimated losses, if any, associated with warranties given to a buyer at the time real estate is sold or other potential liabilities relating to that sale, taking any insurance policies into account.
These warranties may extend up to ten years and require significant judgment.
If changes in facts and circumstances indicate that warranty reserves are understated, we will accrue additional reserves at such time a liability has been incurred and the costs can be reasonably estimated.
Warranty reserves are released once the legal liability period has expired or all related work has been substantially completed.
Any increases to our estimated warranty losses would usually result in a decrease in net income.
We are self-insured for general liability costs up to predetermined retained amounts per claim, and we believe that we maintain adequate accruals to cover our retained liability.
We currently do not maintain third party stop-loss insurance policies to cover liability costs in excess of predetermined retained amounts.
Our accrual for self-insurance liability is determined by management and is based on claims filed and an estimate of claims incurred but not yet reported.
Management considers a number of factors, including third-party actuarial analysis and future increases in costs of claims, when making these determinations.
If our liability costs exceed these accruals, it will reduce our net income.
The following is a summary of our floor space by business segment at December 31, 2010:

Tables referenced above, in order (Table 0 first):
<table><tr><td></td><td colspan="2"> 2010</td><td colspan="2"> 2009</td><td colspan="2"> 2008</td></tr><tr><td></td><td>Number of Shares</td><td> Weighted- Average Grant Date Fair Value</td><td>Number of Shares</td><td> Weighted- Average Grant Date Fair Value</td><td>Number of Shares</td><td> Weighted- Average Grant Date Fair Value</td></tr><tr><td></td><td colspan="6"> (In millions except share price)</td></tr><tr><td>Nonvested balance at beginning of period</td><td>22</td><td>$5.32</td><td>11</td><td>$11.09</td><td>10</td><td>$20.20</td></tr><tr><td>Granted</td><td>12</td><td>$8.54</td><td>17</td><td>$4.12</td><td>8</td><td>$7.06</td></tr><tr><td>Forfeited</td><td>-2</td><td>$6.13</td><td>-2</td><td>$9.70</td><td>-4</td><td>$18.52</td></tr><tr><td>Vested</td><td>-8</td><td>$6.41</td><td>-4</td><td>$13.68</td><td>-3</td><td>$20.89</td></tr><tr><td>Nonvested balance at end of period</td><td>24</td><td>$6.50</td><td>22</td><td>$5.32</td><td>11</td><td>$11.09</td></tr></table>
<table><tr><td> </td><td> 2012</td><td>2011</td></tr><tr><td> </td><td colspan="2">(in billions)</td></tr><tr><td>Beginning balance</td><td>$103.4</td><td>$97.5</td></tr><tr><td>Net flows</td><td>9.6</td><td>7.3</td></tr><tr><td>Market appreciation (depreciation) and other</td><td>11.6</td><td>-1.4</td></tr><tr><td>Ending balance</td><td>$124.6</td><td>$103.4</td></tr><tr><td>Average balance-1</td><td>$115.0</td><td>$101.4</td></tr></table>
<table><tr><td> </td><td colspan="2"> Years Ended December 31,</td><td></td><td></td></tr><tr><td> </td><td> 2012</td><td> 2011</td><td colspan="2">Change</td></tr><tr><td> </td><td colspan="4">(in millions)</td></tr><tr><td> Revenues</td><td></td><td></td><td></td><td></td></tr><tr><td>Management and financial advice fees</td><td>$1,737</td><td>$1,590</td><td>$147</td><td>9%</td></tr><tr><td>Distribution fees</td><td>1,879</td><td>1,849</td><td>30</td><td>2</td></tr><tr><td>Net investment income</td><td>233</td><td>261</td><td>-28</td><td>-11</td></tr><tr><td>Other revenues</td><td>64</td><td>61</td><td>3</td><td>5</td></tr><tr><td>Total revenues</td><td>3,913</td><td>3,761</td><td>152</td><td>4</td></tr><tr><td>Banking and deposit interest expense</td><td>40</td><td>48</td><td>-8</td><td>-17</td></tr><tr><td>Total net revenues</td><td>3,873</td><td>3,713</td><td>160</td><td>4</td></tr><tr><td> Expenses</td><td></td><td></td><td></td><td></td></tr><tr><td>Distribution expenses</td><td>2,324</td><td>2,203</td><td>121</td><td>5</td></tr><tr><td>General and administrative expense</td><td>1,106</td><td>1,104</td><td>2</td><td>—</td></tr><tr><td>Total expenses</td><td>3,430</td><td>3,307</td><td>123</td><td>4</td></tr><tr><td>Operating earnings</td><td>$443</td><td>$406</td><td>$37</td><td>9%</td></tr></table>
<table><tr><td rowspan="3"></td><td colspan="2">December 31, 2014</td><td colspan="2">December 31, 2013</td></tr><tr><td>CarryingValue</td><td>Fair Value</td><td>CarryingValue</td><td>Fair Value</td></tr><tr><td colspan="4">(In thousands)</td></tr><tr><td>Mortgages and notes payable</td><td>$854,217</td><td>$880,866</td><td>$889,278</td><td>$912,251</td></tr><tr><td>Senior notes and debentures</td><td>$1,483,813</td><td>$1,579,868</td><td>$1,360,913</td><td>$1,397,731</td></tr></table>
<table><tr><td></td><td colspan="4">December 31, 2014</td><td colspan="4">December 31, 2013</td></tr><tr><td></td><td>Level 1</td><td>Level 2</td><td>Level 3</td><td>Total</td><td>Level 1</td><td>Level 2</td><td>Level 3</td><td>Total</td></tr><tr><td></td><td colspan="8">(In thousands)</td></tr><tr><td>Interest rate swaps</td><td>$—</td><td>$3,515</td><td>$—</td><td>$3,515</td><td>$—</td><td>$1,417</td><td>$—</td><td>$1,417</td></tr></table>

Question: What will distribution fees be like in 2013 if it continues to grow at the same rate as it did in 2012? (in million)
Answer: 1909.49
Reasoning program: subtract(1879,1849), divide(#0,1849), add(#1,const_1), multiply(#2,1879)