{"pre_text": ["the use of the two wholly-owned special purpose entities discussed below preserved the tax deferral that resulted from the 2007 temple-inland timberlands sales .", "the company recognized an $ 840 million deferred tax liability in connection with the 2007 sales , which will be settled with the maturity of the notes in in october 2007 , temple-inland sold 1.55 million acres of timberlands for $ 2.38 billion .", "the total consideration consisted almost entirely of notes due in 2027 issued by the buyer of the timberlands , which temple-inland contributed to two wholly-owned , bankruptcy-remote special purpose entities .", "the notes are shown in financial assets of special purpose entities in the accompanying consolidated balance sheet and are supported by $ 2.38 billion of irrevocable letters of credit issued by three banks , which are required to maintain minimum credit ratings on their long-term debt .", "in the third quarter of 2012 , international paper completed its preliminary analysis of the acquisition date fair value of the notes and determined it to be $ 2.09 billion .", "as of december 31 , 2014 and 2013 , the fair value of the notes was $ 2.27 billion and $ 2.62 billion , respectively .", "these notes are classified as level 2 within the fair value hierarchy , which is further defined in note 14 .", "in december 2007 , temple-inland's two wholly-owned special purpose entities borrowed $ 2.14 billion shown in nonrecourse financial liabilities of special purpose entities in the accompanying consolidated balance sheet .", "the loans are repayable in 2027 and are secured only by the $ 2.38 billion of notes and the irrevocable letters of credit securing the notes and are nonrecourse to the company .", "the loan agreements provide that if a credit rating of any of the banks issuing the letters of credit is downgraded below the specified threshold , the letters of credit issued by that bank must be replaced within 30 days with letters of credit from another qualifying financial institution .", "in the third quarter of 2012 , international paper completed its preliminary analysis of the acquisition date fair value of the borrowings and determined it to be $ 2.03 billion .", "as of december 31 , 2014 and 2013 , the fair value of this debt was $ 2.16 billion and $ 2.49 billion , respectively .", "this debt is classified as level 2 within the fair value hierarchy , which is further defined in note 14 .", "during 2012 , the credit ratings for two letter of credit banks that support $ 1.0 billion of the 2007 monetized notes were downgraded below the specified threshold .", "these letters of credit were successfully replaced by other qualifying institutions .", "fees of $ 8 million were incurred in connection with these replacements .", "activity between the company and the 2007 financing entities was as follows: ."], "post_text": ["( a ) the revenue is included in interest expense , net in the accompanying consolidated statement of operations and includes approximately $ 19 million , $ 19 million and $ 17 million for the years ended december 31 , 2014 , 2013 and 2012 , respectively , of accretion income for the amortization of the purchase accounting adjustment of the financial assets of special purpose entities .", "( b ) the expense is included in interest expense , net in the accompanying consolidated statement of operations and includes $ 7 million , $ 7 million and $ 6 million for the years ended december 31 , 2014 , 2013 and 2012 , respectively , of accretion expense for the amortization of the purchase accounting adjustment on the nonrecourse financial liabilities of special purpose entities .", "( c ) the cash receipts are interest received on the financial assets of special purpose entities .", "( d ) the cash payments are interest paid on nonrecourse financial liabilities of special purpose entities .", "preferred securities of subsidiaries in march 2003 , southeast timber , inc .", "( southeast timber ) , a consolidated subsidiary of international paper , issued $ 150 million of preferred securities to a private investor with future dividend payments based on libor .", "southeast timber , which through a subsidiary initially held approximately 1.50 million acres of forestlands in the southern united states , was international paper 2019s primary vehicle for sales of southern forestlands .", "as of december 31 , 2014 , substantially all of these forestlands have been sold .", "on march 27 , 2013 , southeast timber redeemed its class a common shares owned by the private investor for $ 150 million .", "distributions paid to the third-party investor were $ 1 million and $ 6 million in 2013 and 2012 , respectively .", "the expense related to these preferred securities is shown in net earnings ( loss ) attributable to noncontrolling interests in the accompanying consolidated statement of operations .", "note 13 debt and lines of credit during the second quarter of 2014 , international paper issued $ 800 million of 3.65% ( 3.65 % ) senior unsecured notes with a maturity date in 2024 and $ 800 million of 4.80% ( 4.80 % ) senior unsecured notes with a maturity date in 2044 .", "the proceeds from this borrowing were used to repay approximately $ 960 million of notes with interest rates ranging from 7.95% ( 7.95 % ) to 9.38% ( 9.38 % ) and original maturities from 2018 to 2019 .", "pre-tax early debt retirement costs of $ 262 million related to these debt repayments , including $ 258 million of cash premiums , are included in restructuring and other charges in the ."], "table": [["in millions", "2014", "2013", "2012"], ["revenue ( loss ) ( a )", "$ 26", "$ 27", "$ 28"], ["expense ( b )", "25", "29", "28"], ["cash receipts ( c )", "7", "8", "12"], ["cash payments ( d )", "18", "21", "22"]], "table_ori": [["In millions", "2014", "2013", "2012"], ["Revenue (loss) (a)", "$26", "$27", "$28"], ["Expense (b)", "25", "29", "28"], ["Cash receipts (c)", "7", "8", "12"], ["Cash payments (d)", "18", "21", "22"]]}

Question: what was the ratio of the fair value of the preliminary debt analysis of the acquisition date fair value of the borrowings for 2014 to 2013
Evidence:
text_11: as of december 31 , 2014 and 2013 , the fair value of this debt was $ 2.16 billion and $ 2.49 billion , respectively .
Program: divide(2.16, 2.49)
Answer:
str_answer: 0.87
exe_answer: 0.86747