Table of Contents Off-Balance Sheet Arrangements and Aggregate Contractual Obligations Our principal commitments as of November 30, 2012 consist of obligations under operating leases, capital leases, royalty agreements and various service agreements.
See Note 15 of our Notes to Consolidated Financial Statements for additional information regarding our contractual commitments.
Contractual Obligations The following table summarizes our contractual obligations as of November 30, 2012 (in millions):
## Table 0 ##
Senior Notes In February 2010, we issued $600.0 million of 3.25% senior notes due February 1, 2015 and $900.0 million of 4.75% senior notes due February 1, 2020.
Interest on the Notes is payable semi-annually, in arrears on February 1 and August 1, commencing on August 1, 2010.
During fiscal 2012 interest payments totaled $62.3 million.
At November 30, 2012, our maximum commitment for interest payments under the Notes was $369.4 million.
Capital Lease Obligation In June 2010, we entered into a sale-leaseback agreement to sell equipment totaling $32.2 million and leaseback the same equipment over a period of 43 months.
This transaction was classified as a capital lease obligation and was recorded at fair value.
Covenants Our credit facility contains a financial covenant requiring us not to exceed a maximum leverage ratio.
Our Almaden Tower lease includes certain financial ratios as defined in the lease agreements that are reported to the lessors quarterly.
As of November 30, 2012, we were in compliance with all of our covenants.
We believe these covenants will not impact our credit or cash in the coming fiscal year or restrict our ability to execute our business plan.
Our Notes do not contain any financial covenants.
Under the terms of our credit agreement and lease agreements, we are not prohibited from paying cash dividends unless payment would trigger an event of default or one currently exists.
We do not anticipate paying any cash dividends in the foreseeable future.
Accounting for Uncertainty in Income Taxes The gross liability for unrecognized tax benefits at November 30, 2012 was $160.5 million, exclusive of interest and penalties.
The timing of the resolution of income tax examinations is highly uncertain as are the amounts and timing of tax payments that are part of any audit settlement process.
These events could cause large fluctuations in the balance sheet classification of current and non-current assets and liabilities.
We believe that within the next 12 months, it is reasonably possible that either certain audits will conclude or statutes of limitations on certain income tax examination periods will expire, or both.
Given the uncertainties described above, we can only determine a range of estimated potential decreases in underlying unrecognized tax benefits ranging from $0 to approximately $5 million.
Royalties We have certain royalty commitments associated with the shipment and licensing of certain products.
Royalty expense is generally based on a dollar amount per unit shipped or a percentage of the underlying revenue.
PRUDENTIAL FINANCIAL, INC.  Notes to Consolidated Financial Statements 4.
INVESTMENTS (continued) Net Unrealized Investment Gains (Losses) Net unrealized investment gains and losses on securities classified as “available for sale” and certain other long-term investments are included in the Consolidated Statements of Financial Position as a component of “Accumulated other comprehensive income (loss).
” Changes in these amounts include reclassification adjustments to exclude from “Other comprehensive income (loss)” those items that are included as part of “Net income” for a period that had been part of “Other comprehensive income (loss)” in earlier periods.
The amounts for the years ended December 31, are as follows:
## Table 1 ##
(1) Includes cash flow hedges.
See Note 19 for information on cash flow hedges.
For securities that are quoted in active markets, the trustee/ custodian determines fair value by applying securities’ prices obtained from its pricing vendors.
For commingled funds that are not actively traded, the trustee applies pricing information provided by investment management firms to the unit quantities of such funds.
Investment management firms employ their own pricing vendors to value the securities underlying each commingled fund.
Underlying securities that are not actively traded derive their prices from investment managers, which in turn, employ vendors that use pricing models (e. g. , discounted cash flow, comparables).
The domestic defined benefit plans have no investment in our stock, except through the S&P 500 commingled trust index fund.
The trustee obtains estimated prices from vendors for securities that are not easily quotable and they are categorized accordingly as Level 3.
The following table details further information on our plan assets where we have used significant unobservable inputs (Level 3):
## Table 2 ##
Pension Trusts’ Asset Allocations There are two pension trusts, one in the U. S.  and one in the U. K.  ?
The U. S.  pension trust had assets of $1,572 million and $1,739 million as of December 31, 2018 and 2017 respectively, and the target allocations in 2018 include 75% fixed income, 16% domestic equities and 9% international equities.  ?
The U. K.  pension trust had assets of $415 million and $480 million as of December 31, 2018 and 2017, respectively, and the target allocations in 2018 include 40% fixed income, 30% diversified growth funds, 20% equities and 10% real estate.
The pension assets are invested with the goal of producing a combination of capital growth, income and a liability hedge.
The mix of assets is established after consideration of the longterm performance and risk characteristics of asset classes.
Investments are selected based on their potential to enhance returns, preserve capital and reduce overall volatility.
Holdings are diversified within each asset class.
The portfolios employ a mix of index and actively managed equity strategies by market capitalization, style, geographic regions and economic sectors.
The fixed income strategies include U. S.  long duration securities, opportunistic fixed income securities and U. K.  debt instruments.
The short-term portfolio, whose primary goal is capital preservation for liquidity purposes, is composed of government and government-agency securities, uninvested cash, receivables and payables.
The portfolios do not employ any financial leverage.
U. S.  Defined Contribution Plan Assets of the defined contribution plan in the U. S.  consist primarily of investment options, which include actively managed equity, indexed equity, actively managed equity/bond funds, target date funds, S&P Global Inc.  common stock, stable value and money market strategies.
There is also a self-directed mutual fund investment option.
The plan purchased 193,051 shares and sold 205,798 shares of S&P Global Inc.  common stock in 2018 and purchased 228,248 shares and sold 297,750 shares of S&P Global Inc.  common stock in 2017.
The plan held approximately 1.5 million shares of S&P Global Inc.  common stock as of December 31, 2018 and 2017, with market values of $251 million and $255 million, respectively.
The plan received dividends on S&P Global Inc.  common stock of $3 million during both the years ended December 31, 2018 and December 31, 2017.8.
Stock-Based Compensation We issue stock-based incentive awards to our eligible employees and Directors under the 2002 Employee Stock Incentive Plan and a Director Deferred Stock Ownership Plan.  ?2002 Employee Stock Incentive Plan (the “2002 Plan”) – The 2002 Plan permits the granting of nonqualified stock options, stock appreciation rights, performance stock, restricted stock and other stock-based awards.
In 2018, we made a one-time issuance of incentive stock options under the 2002 Plan to replace Kensho employees’ stock options that were assumed in connection with our acquisition of Kensho in April of 2018.  ?
Director Deferred Stock Ownership Plan – Under this plan, common stock reserved may be credited to deferred stock accounts for eligible Directors.
In general, the plan requires that 50% of eligible Directors’ annual compensation plus dividend equivalents be credited to deferred stock accounts.
Each Director may also elect to defer all or a portion of the remaining compensation and have an equivalent number of shares credited to the deferred stock account.
Recipients under this plan are not required to provide consideration to us other than rendering service.
Shares will be delivered as of the date a recipient ceases to be a member of the Board of Directors or within five years thereafter, if so elected.
The plan will remain in effect until terminated by the Board of Directors or until no shares of stock remain available under the plan.

Tables referenced above, in order (Table 0 first):
<table><tr><td></td><td colspan="5">Payment Due by Period</td></tr><tr><td></td><td>Total</td><td>Less than1 year</td><td>1-3 years</td><td>3-5 years</td><td>More than5 years</td></tr><tr><td>Notes</td><td>$1,869.5</td><td>$62.3</td><td>$714.8</td><td>$85.5</td><td>$1,006.9</td></tr><tr><td>Operating lease obligations</td><td>246.1</td><td>47.3</td><td>73.0</td><td>46.7</td><td>79.1</td></tr><tr><td>Capital lease obligations</td><td>13.2</td><td>11.4</td><td>1.8</td><td>—</td><td>—</td></tr><tr><td>Purchase obligations</td><td>342.2</td><td>256.4</td><td>46.5</td><td>27.3</td><td>12.0</td></tr><tr><td>Total</td><td>$2,471.0</td><td>$377.4</td><td>$836.1</td><td>$159.5</td><td>$1,098.0</td></tr></table>
<table><tr><td></td><td>Net Unrealized Gains (Losses) On Investments(1)</td><td>Deferred Policy Acquisition Costs and Valuation of Business Acquired</td><td>Future Policy Benefits</td><td>Policyholders’ Dividends</td><td>Deferred Income Tax (Liability) Benefit</td><td>Accumulated Other Comprehensive Income (Loss) Related ToNet Unrealized Investment Gains (Losses)</td></tr><tr><td></td><td colspan="6">(in millions)</td></tr><tr><td>Balance, December 31, 2003</td><td>$8,242</td><td>$-433</td><td>$-1,292</td><td>$-2,443</td><td>$-1,499</td><td>$2,575</td></tr><tr><td>Net investment gains (losses) on investments arising during the period</td><td>791</td><td>—</td><td>—</td><td>—</td><td>-127</td><td>664</td></tr><tr><td>Reclassification adjustment for (gains) losses included in net income</td><td>-805</td><td>—</td><td>—</td><td>—</td><td>282</td><td>-523</td></tr><tr><td>Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and valuation of business acquired</td><td>—</td><td>83</td><td>—</td><td>—</td><td>-33</td><td>50</td></tr><tr><td>Impact of net unrealized investment (gains) losses on future policy benefits</td><td>—</td><td>—</td><td>-502</td><td>—</td><td>162</td><td>-340</td></tr><tr><td>Impact of net unrealized investment (gains) losses on policyholders’ dividends</td><td>—</td><td>—</td><td>—</td><td>-698</td><td>220</td><td>-478</td></tr><tr><td>Cumulative effect of accounting change</td><td>137</td><td>-22</td><td>—</td><td>—</td><td>-42</td><td>73</td></tr><tr><td>Balance, December 31, 2004</td><td>8,365</td><td>-372</td><td>-1,794</td><td>-3,141</td><td>-1,037</td><td>2,021</td></tr><tr><td>Net investment gains (losses) on investments arising during the period</td><td>-1,075</td><td>—</td><td>—</td><td>—</td><td>385</td><td>-690</td></tr><tr><td>Reclassification adjustment for (gains) losses included in net income</td><td>-791</td><td>—</td><td>—</td><td>—</td><td>283</td><td>-508</td></tr><tr><td>Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and valuation of business acquired</td><td>—</td><td>152</td><td>—</td><td>—</td><td>-54</td><td>98</td></tr><tr><td>Impact of net unrealized investment (gains) losses on future policy benefits</td><td>—</td><td>—</td><td>167</td><td>—</td><td>-57</td><td>110</td></tr><tr><td>Impact of net unrealized investment (gains) losses on policyholders’ dividends</td><td>—</td><td>—</td><td>—</td><td>839</td><td>-294</td><td>545</td></tr><tr><td>Balance, December 31, 2005</td><td>6,499</td><td>-220</td><td>-1,627</td><td>-2,302</td><td>-774</td><td>1,576</td></tr><tr><td>Net investment gains (losses) on investments arising during the period</td><td>-1,007</td><td>—</td><td>—</td><td>—</td><td>349</td><td>-658</td></tr><tr><td>Reclassification adjustment for (gains) losses included in net income</td><td>-389</td><td>—</td><td>—</td><td>—</td><td>135</td><td>-254</td></tr><tr><td>Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and valuation of business acquired</td><td>—</td><td>47</td><td>—</td><td>—</td><td>-17</td><td>30</td></tr><tr><td>Impact of net unrealized investment (gains) losses on future policy benefits</td><td>—</td><td>—</td><td>299</td><td>—</td><td>-105</td><td>194</td></tr><tr><td>Impact of net unrealized investment (gains) losses on policyholders’ dividends</td><td>—</td><td>—</td><td>—</td><td>436</td><td>-153</td><td>283</td></tr><tr><td>Balance, December 31, 2006</td><td>$5,103</td><td>$-173</td><td>$-1,328</td><td>$-1,866</td><td>$-565</td><td>$1,171</td></tr></table>
<table><tr><td>(in millions)</td><td>Level 3</td></tr><tr><td>Balance as of December 31, 2017</td><td>$39</td></tr><tr><td>Purchases</td><td>—</td></tr><tr><td>Distributions</td><td>-2</td></tr><tr><td>Gain (loss)</td><td>2</td></tr><tr><td>Balance as of December 31, 2018</td><td>$39</td></tr></table>

Question: What's the growth rate of Balance for Net Unrealized Gains On Investments on December 31 in 2005?
Answer: -0.22307
Reasoning program: subtract(6499,8365), divide(#0,8365)