2 . new accounting standards effective january 1 , 2003 , marathon adopted statement of financial accounting standards no . 143 201caccounting for asset retirement obligations 201d ( 201csfas no . 143 201d ) . this statement requires that the fair value of an asset retirement obligation be recognized in the period in which it is incurred if a reasonable estimate of fair value can be made . the present value of the estimated asset retirement cost is capitalized as part of the carrying amount of the long-lived asset . previous accounting standards used the units-of-production method to match estimated future retirement costs with the revenues generated from the producing assets . in contrast , sfas no . 143 requires depreciation of the capitalized asset retirement cost and accretion of the asset retirement obligation over time . the depreciation will generally be determined on a units-of-production basis over the life of the field , while the accretion to be recognized will escalate over the life of the producing assets , typically as production declines . for marathon , asset retirement obligations primarily relate to the abandonment of oil and gas producing facilities . while assets such as refineries , crude oil and product pipelines , and marketing assets have retirement obligations covered by sfas no . 143 , certain of those obligations are not recognized since the fair value cannot be estimated due to the uncertainty of the settlement date of the obligation . the transition adjustment related to adopting sfas no . 143 on january 1 , 2003 , was recognized as a cumulative effect of a change in accounting principle . the cumulative effect on net income of adopting sfas no . 143 was a net favorable effect of $ 4 million , net of tax of $ 4 million . at the time of adoption , total assets increased $ 120 million , and total liabilities increased $ 116 million . the amounts recognized upon adoption are based upon numerous estimates and assumptions , including future retirement costs , future recoverable quantities of oil and gas , future inflation rates and the credit-adjusted risk-free interest rate . changes in asset retirement obligations during the year were : ( in millions ) 2003 pro forma 2002 ( a ) .

Table:
( in millions ) | 2003 | pro forma2002 ( a )
asset retirement obligations as of january 1 | $ 339 | $ 316
liabilities incurred during 2003 ( b ) | 32 | 2013
liabilities settled during 2003 ( c ) | -42 ( 42 ) | 2013
accretion expense ( included in depreciation depletion and amortization ) | 20 | 23
revisions of previous estimates | 41 | 2013
asset retirement obligations as of december 31 | $ 390 | $ 339
( a ) pro forma data as if sfas no .
143 had been adopted on january 1 , 2002 .
if adopted , income before cumulative effect of changes in accounting principles for 2002 would have been increased by $ 1 million and there would have been no impact on earnings per share .
( b ) includes $ 12 million related to the acquisition of khanty mansiysk oil corporation in 2003 .
( c ) includes $ 25 million associated with assets sold in 2003 .
in the second quarter of 2002 , the financial accounting standards board ( 201cfasb 201d ) issued statement of financial accounting standards no .
145 201crescission of fasb statements no .
4 , 44 , and 64 , amendment of fasb statement no .
13 , and technical corrections 201d ( 201csfas no .
145 201d ) .
effective january 1 , 2003 , marathon adopted the provisions relating to the classification of the effects of early extinguishment of debt in the consolidated statement of income .
as a result , losses of $ 53 million from the early extinguishment of debt in 2002 , which were previously reported as an extraordinary item ( net of tax of $ 20 million ) , have been reclassified into income before income taxes .
the adoption of sfas no .
145 had no impact on net income for 2002 .
effective january 1 , 2003 , marathon adopted statement of financial accounting standards no .
146 201caccounting for exit or disposal activities 201d ( 201csfas no .
146 201d ) .
sfas no .
146 is effective for exit or disposal activities that are initiated after december 31 , 2002 .
there were no impacts upon the initial adoption of sfas no .
146 .
effective january 1 , 2003 , marathon adopted the fair value recognition provisions of statement of financial accounting standards no .
123 201caccounting for stock-based compensation 201d ( 201csfas no .
123 201d ) .
statement of financial accounting standards no .
148 201caccounting for stock-based compensation 2013 transition and disclosure 201d ( 201csfas no .
148 201d ) , an amendment of sfas no .
123 , provides alternative methods for the transition of the accounting for stock-based compensation from the intrinsic value method to the fair value method .
marathon has applied the fair value method to grants made , modified or settled on or after january 1 , 2003 .
the impact on marathon 2019s 2003 net income was not materially different than under previous accounting standards .
the fasb issued statement of financial accounting standards no .
149 201camendment of statement 133 on derivative instruments and hedging activities 201d on april 30 , 2003 .
the statement is effective for derivative contracts entered into or modified after june 30 , 2003 and for hedging relationships designated after june 30 , 2003 .
the adoption of this statement did not have an effect on marathon 2019s financial position , cash flows or results of operations .
the fasb issued statement of financial accounting standards no .
150 201caccounting for certain financial instruments with characteristics of both liabilities and equity 201d on may 30 , 2003 .
the adoption of this statement , effective july 1 , 2003 , did not have a material effect on marathon 2019s financial position or results of operations .
effective january 1 , 2003 , fasb interpretation no .
45 , 201cguarantor 2019s accounting and disclosure requirements for guarantees , including indirect guarantees of indebtedness of others 201d ( 201cfin 45 201d ) , requires the fair-value .

Question: what are the average asset retirement obligations as of january 1 2002 and 2003 in millions?
Answer: 327.5
Calculation: table_average(asset retirement obligations as of january 1, none)