Contractual Obligations
The following table summarizes our significant contractual obligations at March 31, 2019, and the effect such obligations are expected to have on our liquidity and cash flows in future periods (in millions):
(1) Operating lease obligations include $18.1 million of future lease payments which is recorded as a liability on the balance sheet as of March 31, 2019. This obligation is due under an operating lease from our acquisition of Atmel for a building in San Jose, California.
(2) Capital purchase obligations represent commitments for construction or purchases of property, plant and equipment. These obligations were not recorded as liabilities on our balance sheet as of March 31, 2019, as we have not yet received the related goods or taken title to the property.
(3) Other purchase obligations and commitments include payments due under various types of licenses and outstanding purchase commitments with our wafer foundries.
(4) The Term Loan Facility matures on May 29, 2025.
(5) For purposes of this table, we have assumed that the principal of our 2023 revolving loans outstanding at March 31, 2019 will be paid on May 18, 2023, which is the maturity date of such borrowings.
(6) For purposes of this table, we have assumed that the principal of our 2017 senior convertible debt will be paid on February 15, 2027, which is the maturity date of such debt.
(7) For purposes of this table, we have assumed that the principal of our 2015 Senior Convertible Debt will be paid on February 15, 2025, which is the maturity date of such debt.
(8) For purposes of this table, we have assumed that the principal of our 2017 Junior Convertible Debt will be paid on February 15, 2037, which is the maturity date of such debt.
(9) For purposes of this table, pension obligations due in more than 5 years represent the expected pension payments from 2025 through 2029. It excludes pension obligations subsequent to 2029.
(10) During fiscal 2018, we recognized a provisionary one-time transition tax on accumulated unrepatriated foreign earnings, estimated at $644.7 million, as a result of the recent U.S. tax reform. As of December 31, 2018, with the conclusion of the measurement period in accordance with SAB 118, we increased this amount by $13.1 million to $657.8 million, of which we expect cash payments of approximately $280.7 million after offsets by the utilization of various tax attribute carryforwards in the United States. Our first payment on this obligation of $35.0 million was made in the quarter ended September 30, 2018 and we expect future cash payments of approximately $245.7 million. This tax is to be paid over a period of eight years, with 8% of the transition tax paid each year for fiscal 2019 through fiscal 2023, and 15%, 20%, and 25%, respectively, to be paid during fiscal 2024, 2025, and 2026.
(11) The contractual obligations do not include amounts related to uncertain tax positions because reasonable estimates cannot be made.
Purchase orders or contracts for the purchase of raw materials and other goods and services, with the exception of commitments to our wafer foundries, are not included in the table above. We are not able to determine the aggregate amount of such purchase orders that represent contractual obligations, as purchase orders may represent authorizations to purchase rather than binding agreements. For the purpose of this table, contractual obligations for the purchase of goods or services are defined as agreements that are enforceable and legally binding on us 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. Our purchase orders are based on our current manufacturing needs and are fulfilled by our vendors with short time horizons. We do not have significant agreements for the purchase of raw materials or other goods specifying minimum quantities or set prices that exceed our expected requirements for three months. We also enter into contracts for outsourced services; however, the obligations under these contracts were not significant and the contracts generally contain clauses allowing for cancellation without significant penalty.
The expected timing of payment of the obligations discussed above is estimated based on current information. Timing of payments and actual amounts paid may be different depending on the time of receipt of goods or services or changes to agreed-upon amounts for some obligations.
Table:
 |  |  | Payments Due by Period |  | 
 | Total | Less than 1 year | 1 – 3 years | 3 – 5 years | More than 5 years
Operating lease obligations (1) | $167.1 | $49.0 | $68.4 | $27.1 | $22.6
Capital purchase obligations (2) | 18.8 | 18.8 | — | — | —
Other purchase obligations and commitments (3) | 205.6 | 194.9 | 10.5 | 0.2 | —
Term Loan Facility (4) | 2,435.4 | 72.5 | 174.7 | 174.4 | 2,013.8
Revolving Credit Facility (5) | 3,879.0 | 147.0 | 294.0 | 3,438.0 | —
2023 and 2021 Senior Notes | 2,293.0 | 82.5 | 1,145.5 | 1,065.0 | —
2017 Senior Convertible Debt (6) | 2,339.1 | 33.6 | 67.3 | 67.3 | 2,170.9
2015 Senior Convertible Debt (7) | 1,893.2 | 28.0 | 56.1 | 56.1 | 1,753.0
2017 Junior Convertible Debt (8) | 964.0 | 15.4 | 30.9 | 30.9 | 886.8
Pension obligations (9) | 20.7 | 1.3 | 3.4 | 4.1 | 11.9
Transition tax obligation (10) | 245.7 | 9.9 | 44.9 | 64.6 | 126.3
Total contractual obligations (11) | $14,461.6 | $652.9 | $1,895.7 | $4,927.7 | $6,985.3


Question: What was the total contractual obligations due more than 5 years as a percentage of total contractual obligations?
Answer: 48.3
Calculation: (6,985.3/14,461.6) * 100