item 6 . selected financial data the following table represents our selected financial data . the table should be read in conjunction with item 7 and item 8 of this report . the table below reflects immaterial error corrections discussed in note 2 : summary of significant accounting policies in item 8. .

year ended december 31 2012: sales and service revenues: 6708
goodwill impairment: 2014
operating income ( loss ): 358
net earnings ( loss ): 146
total assets: 6392
long-term debt ( 1 ): 1779
total long-term obligations: 4341
free cash flow ( 2 ): 170
dividends declared per share: 0.1
basic earnings ( loss ) per share ( 3 ): 2.96
diluted earnings ( loss ) per share ( 3 ): 2.91
year ended december 31 2011: sales and service revenues: 6575
goodwill impairment: 290
operating income ( loss ): 100
net earnings ( loss ): -100
total assets: 6069
long-term debt ( 1 ): 1830
total long-term obligations: 3838
free cash flow ( 2 ): 331
dividends declared per share: 2014
basic earnings ( loss ) per share ( 3 ): -2.05
diluted earnings ( loss ) per share ( 3 ): -2.05
year ended december 31 2010: sales and service revenues: 6723
goodwill impairment: 2014
operating income ( loss ): 241
net earnings ( loss ): 131
total assets: 5270
long-term debt ( 1 ): 105
total long-term obligations: 1637
free cash flow ( 2 ): 168
dividends declared per share: 2014
basic earnings ( loss ) per share ( 3 ): 2.68
diluted earnings ( loss ) per share ( 3 ): 2.68
year ended december 31 2009: sales and service revenues: 6292
goodwill impairment: 2014
operating income ( loss ): 203
net earnings ( loss ): 119
total assets: 5097
long-term debt ( 1 ): 283
total long-term obligations: 1708
free cash flow ( 2 ): -269
dividends declared per share: 2014
basic earnings ( loss ) per share ( 3 ): 2.44
diluted earnings ( loss ) per share ( 3 ): 2.44
year ended december 31 2008: sales and service revenues: 6189
goodwill impairment: 2465
operating income ( loss ): -2332
net earnings ( loss ): -2397
total assets: 4821
long-term debt ( 1 ): 283
total long-term obligations: 1823
free cash flow ( 2 ): 121
dividends declared per share: 2014
basic earnings ( loss ) per share ( 3 ): -49.14
diluted earnings ( loss ) per share ( 3 ): -49.14

basic earnings ( loss ) per share ( 3 ) $ 2.96 $ ( 2.05 ) $ 2.68 $ 2.44 $ ( 49.14 ) diluted earnings ( loss ) per share ( 3 ) $ 2.91 $ ( 2.05 ) $ 2.68 $ 2.44 $ ( 49.14 ) ( 1 ) long-term debt does not include amounts payable to our former parent as of and before december 31 , 2010 , as these amounts were due upon demand and included in current liabilities . ( 2 ) free cash flow is a non-gaap financial measure and represents cash from operating activities less capital expenditures . see liquidity and capital resources in item 7 for more information on this measure . ( 3 ) on march 30 , 2011 , the record date of the stock distribution associated with the spin-off from northrop grumman , approximately 48.8 million shares of $ 0.01 par value hii common stock were distributed to northrop grumman stockholders . this share amount was utilized for the calculation of basic and diluted earnings ( loss ) per share for the three months ended march 31 , 2011 , and all prior periods , as no common stock of the company existed prior to march 30 , 2011 , and the impact of dilutive securities in the three month period ended march 31 , 2011 , was not meaningful. .

Questions:
what is the net change in value of total assets from 2008 to 2012?
what is that times 1000000?

Answers:
1571
1571000000