we maintain an effective universal shelf registration that allows for the public offering and sale of debt securities , capital securities , common stock , depositary shares and preferred stock , and warrants to purchase such securities , including any shares into which the preferred stock and depositary shares may be convertible , or any combination thereof .
we have , as discussed previously , issued in the past , and we may issue in the future , securities pursuant to the shelf registration .
the issuance of debt or equity securities will depend on future market conditions , funding needs and other factors .
additional information about debt and equity securities issued pursuant to this shelf registration is provided in notes 9 and 12 to the consolidated financial statements included under item 8 .
we currently maintain a corporate commercial paper program , under which we can issue up to $ 3 billion with original maturities of up to 270 days from the date of issue .
at december 31 , 2011 , we had $ 2.38 billion of commercial paper outstanding , compared to $ 2.80 billion at december 31 , 2010 .
additional information about our corporate commercial paper program is provided in note 8 to the consolidated financial statements included under item 8 .
state street bank had initial board authority to issue bank notes up to an aggregate of $ 5 billion , including up to $ 1 billion of subordinated bank notes .
approximately $ 2.05 billion was available under this board authority as of december 31 , 2011 .
in 2011 , $ 2.45 billion of senior notes , which were outstanding at december 31 , 2010 , matured .
state street bank currently maintains a line of credit with a financial institution of cad $ 800 million , or approximately $ 787 million as of december 31 , 2011 , to support its canadian securities processing operations .
the line of credit has no stated termination date and is cancelable by either party with prior notice .
as of december 31 , 2011 , no balance was outstanding on this line of credit .
contractual cash obligations .

PAYMENTS DUE BY PERIOD
As of December 31, 2011 (In millions)
Total
Less than 1 year
1-3 years
4-5 years
Over 5 years
Long-term debt<sup>(1)</sup>
$9,276
$1,973
$1,169
$1,944
$4,190
Operating leases
1,129
237
389
228
275
Capital lease obligations
989
68
136
138
647
Total contractual cash obligations
$11,394
$2,278
$1,694
$2,310
$5,112

( 1 ) long-term debt excludes capital lease obligations ( presented as a separate line item ) and the effect of interest-rate swaps .
interest payments were calculated at the stated rate with the exception of floating-rate debt , for which payments were calculated using the indexed rate in effect as of december 31 , 2011 .
the obligations presented in the table above are recorded in our consolidated statement of condition at december 31 , 2011 , except for interest on long-term debt and capital lease obligations .
the table does not include obligations which will be settled in cash , primarily in less than one year , such as deposits , federal funds purchased , securities sold under repurchase agreements and other short-term borrowings .
additional information about deposits , federal funds purchased , securities sold under repurchase agreements and other short-term borrowings is provided in notes 7 and 8 to the consolidated financial statements included under item 8 .
the table does not include obligations related to derivative instruments , because the amounts included in our consolidated statement of condition at december 31 , 2011 related to derivatives do not represent the amounts that may ultimately be paid under the contracts upon settlement .
additional information about derivative contracts is provided in note 16 to the consolidated financial statements included under item 8 .
we have obligations under pension and other post-retirement benefit plans , more fully described in note 18 to the consolidated financial statements included under item 8 , which are not included in the above table .
additional information about contractual cash obligations related to long-term debt and operating and capital leases is provided in notes 9 and 19 to the consolidated financial statements included under item 8 .
the consolidated statement of cash flows , also included under item 8 , provides additional liquidity information. .

Question: Analyse this data from a financial earnings document. what percent of the total contractual cash obligations are due within the first year?
Choices:
1
25955532
0.19993
199.92979
0.24558
Correct choice index: 2