we also record an inventory obsolescence reserve , which represents the difference between the cost of the inventory and its estimated realizable value , based on various product sales projections .
this reserve is calcu- lated using an estimated obsolescence percentage applied to the inventory based on age , historical trends and requirements to support forecasted sales .
in addition , and as necessary , we may establish specific reserves for future known or anticipated events .
pension and other post-retirement benefit costs we offer the following benefits to some or all of our employees : a domestic trust-based noncontributory qual- ified defined benefit pension plan ( 201cu.s .
qualified plan 201d ) and an unfunded , non-qualified domestic noncon- tributory pension plan to provide benefits in excess of statutory limitations ( collectively with the u.s .
qualified plan , the 201cdomestic plans 201d ) ; a domestic contributory defined contribution plan ; international pension plans , which vary by country , consisting of both defined benefit and defined contribution pension plans ; deferred compensation arrangements ; and certain other post- retirement benefit plans .
the amounts needed to fund future payouts under our defined benefit pension and post-retirement benefit plans are subject to numerous assumptions and variables .
cer- tain significant variables require us to make assumptions that are within our control such as an anticipated discount rate , expected rate of return on plan assets and future compensation levels .
we evaluate these assumptions with our actuarial advisors and select assumptions that we believe reflect the economics underlying our pension and post-retirement obligations .
while we believe these assumptions are within accepted industry ranges , an increase or decrease in the assumptions or economic events outside our control could have a direct impact on reported net earnings .
the discount rate for each plan used for determining future net periodic benefit cost is based on a review of highly rated long-term bonds .
for fiscal 2013 , we used a discount rate for our domestic plans of 3.90% ( 3.90 % ) and vary- ing rates on our international plans of between 1.00% ( 1.00 % ) and 7.00% ( 7.00 % ) .
the discount rate for our domestic plans is based on a bond portfolio that includes only long-term bonds with an aa rating , or equivalent , from a major rating agency .
as of june 30 , 2013 , we used an above-mean yield curve , rather than the broad-based yield curve we used before , because we believe it represents a better estimate of an effective settlement rate of the obligation , and the timing and amount of cash flows related to the bonds included in this portfolio are expected to match the estimated defined benefit payment streams of our domestic plans .
the benefit obligation of our domestic plans would have been higher by approximately $ 34 mil- lion at june 30 , 2013 had we not used the above-mean yield curve .
for our international plans , the discount rate in a particular country was principally determined based on a yield curve constructed from high quality corporate bonds in each country , with the resulting portfolio having a duration matching that particular plan .
for fiscal 2013 , we used an expected return on plan assets of 7.50% ( 7.50 % ) for our u.s .
qualified plan and varying rates of between 2.25% ( 2.25 % ) and 7.00% ( 7.00 % ) for our international plans .
in determining the long-term rate of return for a plan , we consider the historical rates of return , the nature of the plan 2019s investments and an expectation for the plan 2019s investment strategies .
see 201cnote 12 2014 pension , deferred compensation and post-retirement benefit plans 201d of notes to consolidated financial statements for details regarding the nature of our pension and post-retirement plan invest- ments .
the difference between actual and expected return on plan assets is reported as a component of accu- mulated other comprehensive income .
those gains/losses that are subject to amortization over future periods will be recognized as a component of the net periodic benefit cost in such future periods .
for fiscal 2013 , our pension plans had actual return on assets of approximately $ 74 million as compared with expected return on assets of approximately $ 64 million .
the resulting net deferred gain of approximately $ 10 million , when combined with gains and losses from previous years , will be amortized over periods ranging from approximately 7 to 22 years .
the actual return on plan assets from our international pen- sion plans exceeded expectations , primarily reflecting a strong performance from fixed income and equity invest- ments .
the lower than expected return on assets from our u.s .
qualified plan was primarily due to weakness in our fixed income investments , partially offset by our strong equity returns .
a 25 basis-point change in the discount rate or the expected rate of return on plan assets would have had the following effect on fiscal 2013 pension expense : 25 basis-point 25 basis-point increase decrease ( in millions ) .

(In millions)
25 Basis-Point Increase
25 Basis-Point  Decrease
Discount rate
$(3.5)
$3.9
Expected return on assets
$(2.5)
$2.7

our post-retirement plans are comprised of health care plans that could be impacted by health care cost trend rates , which may have a significant effect on the amounts the est{e lauder companies inc .
115 .

Question: Analyse this data from a financial earnings document. what is the average rate for the international plans?
Choices:
-0.02375
0.04111
46250
0.0037
0.04625
Correct choice index: 4