visa inc . notes to consolidated financial statements 2014 ( continued ) september 30 , 2008 ( in millions , except as noted ) trademark and technology licenses visa inc. , visa u.s.a. , visa international and inovant , as licensors , granted to visa europe exclusive , irrevocable and perpetual licenses to use the visa trademarks and technology intellectual property owned by the licensors and certain affiliates within the visa europe region for use in the field of financial services , payments , related information technology and information processing services and participation in the visa system . visa europe may sublicense the visa trademarks and technology intellectual property to its members and other sublicensees , such as processors , for use within visa europe 2019s region and , in certain limited circumstances , outside the visa europe region . the fee payable for these irrevocable and perpetual licenses is approximately $ 143 million per year , payable quarterly , which is referred to as the quarterly base fee , except for the year ended september 30 , 2008 during which the fee payable was $ 41 million . the reduced payment for 2008 was calculated based on applying the three-month libor rate plus 100 to 200 basis points to $ 1.146 billion and certain results of the ipo . beginning november 9 , 2010 the quarterly base fee will be increased annually based on the annual growth of the gross domestic product of the european union . the company determined through an analysis of the fee rates implied by the economics of the agreement that the quarterly base fee , as adjusted in future periods based on the growth of the gross domestic product of the european union , approximates fair value . as a result of the approximately $ 102 million reduction in payment for the year ended september 30 , 2008 , the trademark and technology license agreement represents a contract that is below fair value . calculation of liability under the framework agreement at october 1 , 2007 , the company recorded a liability of approximately $ 132 million to reflect the company 2019s estimated obligation to provide these licenses at below fair value . the application of the libor rate in determining the reduced payment represents a variable interest element embedded within the framework agreement , which the company has treated as an embedded derivative with changes in fair value reflected in visa inc . 2019s consolidated statement of operations under the guidelines of sfas 133 . during the year ended september 30 , 2008 , the company made adjustments to its liability under the framework agreement as follows : fiscal 2008 ( in millions ) .

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, fiscal 2008 ( in millions )
balance at october 1, $ 132
adjustments impacting goodwill ( 1 ), 9
libor rate adjustments ( 2 ), -35 ( 35 )
license fees earned ( 3 ), -102 ( 102 )
balance at september 30 ( 4 ), $ 4
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adjustments impacting goodwill ( 1 ) . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 libor rate adjustments ( 2 ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ( 35 ) license fees earned ( 3 ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ( 102 ) balance at september 30 ( 4 ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4 ( 1 ) the company made adjustments to the calculation of its liability of : ( i ) $ 2 million to reflect a minor adjustment to the calculation methodology ; ( ii ) $ 5 million to update the liability to reflect actual ipo assumptions and ( iii ) $ 2 million to reflect the change of redemption date. .

Question: what is the net change in liability for the fiscal year 2008?
Program: subtract(4, 132)
Answer: -128.0