2022 designate subsidiaries as unrestricted subsidiaries ; and 2022 sell certain assets or merge with or into other companies . subject to certain exceptions , the indentures governing the senior subordinated notes and the senior discount notes permit the issuers of the notes and their restricted subsidiaries to incur additional indebtedness , including secured indebtedness . in addition , the senior credit facilities require bcp crystal to maintain the following financial covenants : a maximum total leverage ratio , a maximum bank debt leverage ratio , a minimum interest coverage ratio and maximum capital expenditures limitation . the maximum consolidated net bank debt to adjusted ebitda ratio , as defined , previously required under the senior credit facilities , was eliminated when the company amended the facilities in january 2005 . as of december 31 , 2006 , the company was in compliance with all of the financial covenants related to its debt agreements . principal payments scheduled to be made on the company 2019s debt , including short term borrowings , is as follows : ( in $ millions ) .

Table:
 | total ( in $ millions )
2007 | 309
2008 | 25
2009 | 50
2010 | 39
2011 | 1485
thereafter ( 1 ) | 1590
total | 3498
( 1 ) includes $ 2 million purchase accounting adjustment to assumed debt .
17 .
benefit obligations pension obligations .
pension obligations are established for benefits payable in the form of retirement , disability and surviving dependent pensions .
the benefits offered vary according to the legal , fiscal and economic conditions of each country .
the commitments result from participation in defined contribution and defined benefit plans , primarily in the u.s .
benefits are dependent on years of service and the employee 2019s compensation .
supplemental retirement benefits provided to certain employees are non-qualified for u.s .
tax purposes .
separate trusts have been established for some non-qualified plans .
the company sponsors defined benefit pension plans in north america , europe and asia .
as of december 31 , 2006 , the company 2019s u.s .
qualified pension plan represented greater than 84% ( 84 % ) and 76% ( 76 % ) of celanese 2019s pension plan assets and liabilities , respectively .
independent trusts or insurance companies administer the majority of these plans .
pension costs under the company 2019s retirement plans are actuarially determined .
the company sponsors various defined contribution plans in north america , europe , and asia covering certain employees .
employees may contribute to these plans and the company will match these contributions in varying amounts .
the company 2019s matching contribution to the defined contribution plans are based on specified percentages of employee contributions and aggregated $ 11 million , $ 12 million , $ 8 million and $ 3 million for the years ended december 31 , 2006 and 2005 , the nine months ended december 31 , 2004 and the three months ended march 31 , 2004 , respectively .
celanese corporation and subsidiaries notes to consolidated financial statements 2014 ( continued ) .

Question: what portion of the company's debt is due in the next 12 months?
Answer: 8.8%
Calculation: divide(309, 3498)