ANALOG DEVICES, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) expected durations of less than one year.
The Company generally offers a twelve-month warranty for its products.
The Company’s warranty policy provides for replacement of defective products.
Specific accruals are recorded for f known product warranty issues.
Transaction Price: The transaction price reflects the Company’s expectations about the consideration it will be entitled to receive from the customer and may include fixed or variable amounts.
Fixed consideration primarily includes sales to direct customers and sales to distributors in which both the sale to the distributor and the sale to the end customer occur within the same reporting period.
Variable consideration includes sales in which the amount of consideration that the Company will receive is unknown as of the end of a reporting period.
Such consideration primarily includes credits issued to the distributor due to price protection and sales made to distributors under agreements that allow certain rights of return, referred to as stock rotation.
Price protection represents price discounts granted to certain distributors to allow the distributor to earn an appropriate margin on sales negotiated with certain customers and in the event of a price decrease subsequent to the date the product was shipped and billed to the distributor.
Stock rotation allows distributors limited levels of returns in order to reduce the amounts of slow-moving, discontinued or obsolete product from their inventory.
A liability for distributor credits covering variable consideration is made based on the Company's estimate of historical experience rates as well as considering economic conditions and contractual terms.
To date, actual distributor claims activity has been materially consistent with the provisions the Company has made based on its historical estimates.
For the years ended November 2, 2019 and November 3, 2018, sales to distributors were $3.4 billion in both periods, net of variable consideration for which the liability balances as of November 2, 2019 and November 3, 2018 were $227.0 million and $144.9 million, respectively.
Contract Balances: Accounts receivable represents the Company’s unconditional right to receive consideration from its customers.
Payments are typically due within 30 to 45 days of invoicing and do not include a significant financing component.
To date, there have been no material impairment losses on accounts receivable.
There were no material contract assets or contract liabilities recorded on the consolidated balance sheets in any of the periods presented.
The Company generally warrants that products will meet their published specifications and that the Company will repair or replace defective products for twelve-months from the date title passes to the customer.
Specific accruals are recorded for known product warranty issues.
Product warranty expenses during fiscal 2019, fiscal 2018 and fiscal 2017 were not material.
o.
Accumulated Other Comp C rehensive (Loss) Income Accumulated other comprehensive (loss) income (AOCI) includes certain transactions that have generally been reported in the consolidated statement of shareholders’ equity.
The components of AOCI at November 2, 2019 and November 3, 2018 consisted of the following, net of tax:
## Table 0 ##
CITIZENS FINANCIAL GROUP, INC.  MANAGEMENT’S DISCUSSION AND ANALYSIS
## Table 1 ##
(1) Based on the contractual rate that was being charged at the time the loan was restructured or placed on nonaccrual status.
Cross-Border Outstandings Cross-border outstandings can include loans, receivables, interest-bearing deposits with other banks, other interest-bearing investments and other monetary assets that are denominated in either dollars or other non-local currency.
As of December 31, 2017, 2016 and 2015, there were no aggregate cross-border outstandings from borrowers or counterparties in any country that exceeded 1%, or were between 0.75% and 1% of consolidated total assets.
Derivatives In the normal course of business, we enter into a variety of derivative transactions in order to meet the financing needs of our customers, and to reduce our exposure to fluctuations in interest rates and foreign currency exchange rates.
These transactions include interest rate swap contracts, interest rate options, foreign exchange contracts, residential loan commitment rate locks, forward sale contracts and purchase options.
The assets and liabilities for derivatives on the Consolidated Balance Sheets reflect the market value of these transactions.
We designate certain derivatives as hedging instruments in a qualifying hedge accounting relationship (fair value or cash flow hedge).
Our remaining derivatives consist of economic hedges that do not qualify for hedge accounting and derivatives held for customer accommodation trading, or other purposes.
We monitor the results of each transaction to ensure that management’s intent is satisfied.
We do not use derivatives for speculative purposes.
For additional information regarding our derivative instruments, see Note 13 “Derivatives” in our audited Consolidated Financial Statements in Part II, Item 8 — Financial Statements and Supplementary Data, included in this report.
The table below presents our derivative assets and liabilities.
## Table 2 ##
(1) The notional or contractual amount of interest rate derivatives and foreign exchange contracts is the amount upon which interest and other payments under the contract are based.
For interest rate derivatives, the notional amount is typically not exchanged.
Therefore, notional amounts should not be taken as the measure of credit or market risk as they do not measure the true economic risk of these contracts.
(2) Amounts reflect changes in the treatment of variation margin on certain centrally cleared derivatives.
(3) Amounts represent the impact of enforceable master netting agreements that allow us to net settle positive and negative positions.
At December 31, 2017, the total derivative net asset value decreased $10 million and the total net liability value decreased by $349 million from December 31, 2016 driven by a change in the presentation of variation margin payments in the Consolidated Balance Sheets in 2017.
Effective January 3, 2017, variation margin payments made on certain centrally-cleared derivative contracts were classified as settlement of those derivatives rather than the
We also continually assess the strategic fit of our existing businesses and may dispose of businesses that are deemed not to fit with our strategic plan or are not achieving the desired return on investment.
Danaher Corporation, originally DMG, Inc. , was organized in 1969 as a Massachusetts real estate investment trust.
In 1978 it was reorganized as a Florida corporation under the name Diversified Mortgage Investors, Inc.  which in a second reorganization in 1980 became a subsidiary of a newly created holding company named DMG, Inc.  DMG, Inc.  adopted the name Danaher in 1984 and was reincorporated as a Delaware corporation in 1986.
In this Annual Report, the terms “Danaher” or the “Company” refer to either Danaher Corporation or to Danaher Corporation and its consolidated subsidiaries, as the context requires.2014 sales by geographic destination (geographic destination refers to the geographic area where the final sale to the Company’s customer is made) were: North America, 45% (including 43% in the United States); Europe, 27%; Asia/Australia, 20% and all other regions, 8%.
For additional information regarding sales by geography, please refer to Note 19 in the Consolidated Financial Statements included in this Annual Report.
Reportable Segments The table below describes the percentage of our total annual revenues attributable to each of our five segments over each of the last three years ended December 31, 2014.
For additional information regarding sales, operating profit and identifiable assets by segment, please refer to Note 19 in the Consolidated Financial Statements included in this Annual Report.
## Table 3 ##
TEST & MEASUREMENT Our Test & Measurement segment offerings help customers design cutting-edge innovations, keep their businesses up and running and safeguard their network operations.
Our instruments business offers test, measurement and monitoring products that are used in electronic design, manufacturing and advanced technology development, as well as for installation, service and maintenance of electrical, industrial, electronic and calibration applications.
Our communications business is a leading provider of products and solutions used in the design, deployment, monitoring and security of traditional, virtualized, mobile and cloud-based networks operated by communications service providers, hosting service providers, enterprises and government agencies worldwide.
Customers for these products and services include manufacturers of electronic instruments; service, installation and maintenance professionals; manufacturers who design, develop, manufacture and deploy network equipment; and service providers who implement, maintain and manage communications networks and services.2014 sales for this segment by geographic destination were: North America, 55%; Europe, 18%; Asia/Australia, 20% and all other regions, 7%.
We established our Test & Measurement business in 1998 through the acquisition of Fluke Corporation, and have expanded the business through numerous subsequent acquisitions, including the acquisition of Tektronix in 2007 and Keithley Instruments in 2010.
Our Test & Measurement segment consists of the following lines of business.
Instruments ?
General purpose test instruments.
Our instruments business offers general purpose test products and video test, measurement and monitoring products used in electronic design, manufacturing and advanced technology development.
The business’ general purpose test products, including oscilloscopes, logic analyzers, signal sources and spectrum analyzers, are used to capture, display and analyze streams of electrical data.
We sell these products into a variety of industries with significant electronic content, including the communications, computer, consumer electronics, education, military/aerospace and semiconductor industries.
Typical users of these products include research and development engineers who use our general purpose test products to design, de-bug, monitor and validate the function and performance of electronic components, subassemblies and endproducts.
Notes to Consolidated Financial Statements Note 3.
Investments – (Continued) The majority of the holdings in this category are collateralized mortgage obligations (“CMOs”) typically collateralized with prime residential mortgages and corporate asset-backed structured securities (“ABS”).
The holdings in these sectors include 515 securities in a gross unrealized loss position aggregating $1,928 million.
The aggregate severity of the unrealized loss was 23.0% of amortized cost.
The contractual cash flows on the asset-backed structured securities are passed through, but may be structured into classes of preference.
The securities in this category are modeled in order to evaluate the risks of default on the performance of the underlying collateral.
Within this analysis multiple factors are analyzed including probable risk of default, loss severity upon a default, payment delinquency, over collateralization and interest coverage triggers, credit support from lower-rated tranches and rating agency actions amongst others.
Securities are modeled against base-case and reasonable stress scenarios of probable default activity, given current market conditions, and then analyzed for potential impact to the Company’s particular holdings.
The structured securities held are generally secured by over collateralization or default protection provided by subordinated tranches.
For the year ended December 31, 2008, there were OTTI losses of $465 million recorded on asset-backed securities.
The remainder of the holdings in this category includes mortgage-backed securities guaranteed by an agency of the U. S.  Government.
There were 272 agency mortgage-backed pass-through securities and 2 agency CMOs in an unrealized loss position aggregating $2 million as of December 31, 2008.
The cumulative unrealized losses on these securities were 2.0% of amortized cost.
These securities do not tend to be influenced by the credit of the issuer but rather the characteristics and projected cash flows of the underlying collateral.
For the year ended December 31, 2008, there were no OTTI losses recorded for mortgage-backed securities guaranteed by an agency of the U. S.  Government.
The asset-backed securities in an unrealized loss position by ratings distribution are as follows:

Tables referenced above, in order (Table 0 first):
<table><tr><td></td><td>Foreign currency translation adjustment</td><td>Unrealized holding gains (losses) on available for sale securities</td><td>Unrealized holding gains (losses) on derivatives</td><td>Pension plans</td><td>Total</td></tr><tr><td>November 3, 2018</td><td>$-28,711</td><td>$-10</td><td>$-14,355</td><td>$-15,364</td><td>$-58,440</td></tr><tr><td>Other comprehensive (loss) income before reclassifications</td><td>-1,365</td><td>10</td><td>-140,728</td><td>-31,082</td><td>-173,165</td></tr><tr><td>Amounts reclassified out of other comprehensive loss</td><td>—</td><td>—</td><td>9,185</td><td>1,004</td><td>10,189</td></tr><tr><td>Tax effects</td><td>—</td><td>—</td><td>27,883</td><td>5,734</td><td>33,617</td></tr><tr><td>Other comprehensive (loss) income</td><td>-1,365</td><td>10</td><td>-103,660</td><td>-24,344</td><td>-129,359</td></tr><tr><td>November 2, 2019</td><td>$-30,076</td><td>$—</td><td>$-118,015</td><td>$-39,708</td><td>$-187,799</td></tr></table>
<table><tr><td>(in millions)</td><td>For the Year Ended December 31, 2017</td></tr><tr><td>Gross amount of interest income that would have been recorded<sup>-1</sup></td><td>$121</td></tr><tr><td>Interest income actually recognized</td><td>7</td></tr><tr><td>Total interest income foregone</td><td>$114</td></tr></table>
<table><tr><td></td><td colspan="3">December 31, 2017</td><td colspan="3">December 31, 2016</td></tr><tr><td>(in millions)</td><td>Notional Amount<sup>-1</sup></td><td>Derivative Assets<sup>-2</sup></td><td>Derivative Liabilities<sup>-2</sup></td><td>Notional Amount<sup>-1</sup></td><td>Derivative Assets</td><td>Derivative Liabilities</td></tr><tr><td>Derivatives designated as hedging instruments:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest rate contracts</td><td>$13,300</td><td>$—</td><td>$—</td><td>$13,350</td><td>$52</td><td>$193</td></tr><tr><td>Derivatives not designated as hedging instruments:</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Interest rate contracts</td><td>80,180</td><td>538</td><td>379</td><td>54,656</td><td>557</td><td>452</td></tr><tr><td>Foreign exchange contracts</td><td>9,882</td><td>148</td><td>149</td><td>8,039</td><td>134</td><td>126</td></tr><tr><td>Other contracts</td><td>1,039</td><td>7</td><td>5</td><td>1,498</td><td>16</td><td>7</td></tr><tr><td>Total derivatives not designated as hedging instruments</td><td></td><td>693</td><td>533</td><td></td><td>707</td><td>585</td></tr><tr><td>Gross derivative fair values</td><td></td><td>693</td><td>533</td><td></td><td>759</td><td>778</td></tr><tr><td>Less: Gross amounts offset in the Consolidated Balance Sheets<sup>-3</sup></td><td></td><td>-72</td><td>-72</td><td></td><td>-106</td><td>-106</td></tr><tr><td>Less: Cash collateral applied<sup>-3</sup></td><td></td><td>-4</td><td>-151</td><td></td><td>-26</td><td>-13</td></tr><tr><td>Total net derivative fair values presented in the Consolidated Balance Sheets</td><td></td><td>$617</td><td>$310</td><td></td><td>$627</td><td>$659</td></tr></table>
<table><tr><td></td><td>2014</td><td>2013</td><td>2012</td></tr><tr><td>Test & Measurement</td><td>17%</td><td>18%</td><td>19%</td></tr><tr><td>Environmental</td><td>18%</td><td>17%</td><td>17%</td></tr><tr><td>Life Sciences & Diagnostics</td><td>36%</td><td>36%</td><td>35%</td></tr><tr><td>Dental</td><td>11%</td><td>11%</td><td>11%</td></tr><tr><td>Industrial Technologies</td><td>18%</td><td>18%</td><td>18%</td></tr></table>

Question: What was the average of Interest rate contracts in 2017 for Notional Amount-, Derivative Assets, and Derivative Liabilities ? (in million)
Answer: 27032.3
Reasoning program: add(80180,538), add(#0,379), divide(#1,const_3)