shares of common stock issued , in treasury , and outstanding were ( in thousands of shares ) : .

Table:
 | shares issued | treasury shares | shares outstanding
balance at december 29 2013 | 376832 | 2014 | 376832
exercise of stock options issuance of other stock awards and other | 178 | 2014 | 178
balance at december 28 2014 | 377010 | 2014 | 377010
exercise of warrants | 20480 | 2014 | 20480
issuance of common stock to sponsors | 221666 | 2014 | 221666
acquisition of kraft foods group inc . | 592898 | 2014 | 592898
exercise of stock options issuance of other stock awards and other | 2338 | -413 ( 413 ) | 1925
balance at january 3 2016 | 1214392 | -413 ( 413 ) | 1213979
exercise of stock options issuance of other stock awards and other | 4555 | -2058 ( 2058 ) | 2497
balance at december 31 2016 | 1218947 | -2471 ( 2471 ) | 1216476
note 13 .
financing arrangements we routinely enter into accounts receivable securitization and factoring programs .
we account for transfers of receivables pursuant to these programs as a sale and remove them from our consolidated balance sheet .
at december 31 , 2016 , our most significant program in place was the u.s .
securitization program , which was amended in may 2016 and originally entered into in october of 2015 .
under the program , we are entitled to receive cash consideration of up to $ 800 million ( which we elected to reduce to $ 500 million , effective february 21 , 2017 ) and a receivable for the remainder of the purchase price ( the 201cdeferred purchase price 201d ) .
this securitization program utilizes a bankruptcy- remote special-purpose entity ( 201cspe 201d ) .
the spe is wholly-owned by a subsidiary of kraft heinz and its sole business consists of the purchase or acceptance , through capital contributions of receivables and related assets , from a kraft heinz subsidiary and subsequent transfer of such receivables and related assets to a bank .
although the spe is included in our consolidated financial statements , it is a separate legal entity with separate creditors who will be entitled , upon its liquidation , to be satisfied out of the spe's assets prior to any assets or value in the spe becoming available to kraft heinz or its subsidiaries .
the assets of the spe are not available to pay creditors of kraft heinz or its subsidiaries .
this program expires in may 2017 .
in addition to the u.s .
securitization program , we have accounts receivable factoring programs denominated in australian dollars , new zealand dollars , british pound sterling , euros , and japanese yen .
under these programs , we generally receive cash consideration up to a certain limit and a receivable for the deferred purchase price .
there is no deferred purchase price associated with the japanese yen contract .
related to these programs , our aggregate cash consideration limit , after applying applicable hold-backs , was $ 245 million u.s .
dollars at december 31 , 2016 .
generally , each of these programs automatically renews annually until terminated by either party .
the cash consideration and carrying amount of receivables removed from the consolidated balance sheets in connection with the above programs were $ 904 million at december 31 , 2016 and $ 267 million at january 3 , 2016 .
the fair value of the deferred purchase price for the programs was $ 129 million at december 31 , 2016 and $ 583 million at january 3 , 2016 .
the deferred purchase price is included in sold receivables on the consolidated balance sheets and had a carrying value which approximated its fair value at december 31 , 2016 and january 3 , 2016 .
the proceeds from these sales are recognized on the consolidated statements of cash flows as a component of operating activities .
we act as servicer for these arrangements and have not recorded any servicing assets or liabilities for these arrangements as of december 31 , 2016 and january 3 , 2016 because they were not material to the financial statements. .

Question: what portion of the issued shares is reported as treasury stock as of december 31 , 2016?
Answer: 0.2%
Calculation: divide(2471, 1218947)