table of contents ended december 31 , 2015 and 2014 , respectively . the increase in cash provided by accounts payable-inventory financing was primarily due to a new vendor added to our previously existing inventory financing agreement . for a description of the inventory financing transactions impacting each period , see note 6 ( inventory financing agreements ) to the accompanying consolidated financial statements . for a description of the debt transactions impacting each period , see note 8 ( long-term debt ) to the accompanying consolidated financial statements . net cash used in financing activities decreased $ 56.3 million in 2014 compared to 2013 . the decrease was primarily driven by several debt refinancing transactions during each period and our july 2013 ipo , which generated net proceeds of $ 424.7 million after deducting underwriting discounts , expenses and transaction costs . the net impact of our debt transactions resulted in cash outflows of $ 145.9 million and $ 518.3 million during 2014 and 2013 , respectively , as cash was used in each period to reduce our total long-term debt . for a description of the debt transactions impacting each period , see note 8 ( long-term debt ) to the accompanying consolidated financial statements . long-term debt and financing arrangements as of december 31 , 2015 , we had total indebtedness of $ 3.3 billion , of which $ 1.6 billion was secured indebtedness . at december 31 , 2015 , we were in compliance with the covenants under our various credit agreements and indentures . the amount of cdw 2019s restricted payment capacity under the senior secured term loan facility was $ 679.7 million at december 31 , 2015 . for further details regarding our debt and each of the transactions described below , see note 8 ( long-term debt ) to the accompanying consolidated financial statements . during the year ended december 31 , 2015 , the following events occurred with respect to our debt structure : 2022 on august 1 , 2015 , we consolidated kelway 2019s term loan and kelway 2019s revolving credit facility . kelway 2019s term loan is denominated in british pounds . the kelway revolving credit facility is a multi-currency revolving credit facility under which kelway is permitted to borrow an aggregate amount of a350.0 million ( $ 73.7 million ) as of december 31 , 2015 . 2022 on march 3 , 2015 , we completed the issuance of $ 525.0 million principal amount of 5.0% ( 5.0 % ) senior notes due 2023 which will mature on september 1 , 2023 . 2022 on march 3 , 2015 , we redeemed the remaining $ 503.9 million aggregate principal amount of the 8.5% ( 8.5 % ) senior notes due 2019 , plus accrued and unpaid interest through the date of redemption , april 2 , 2015 . inventory financing agreements we have entered into agreements with certain financial intermediaries to facilitate the purchase of inventory from various suppliers under certain terms and conditions . these amounts are classified separately as accounts payable-inventory financing on the consolidated balance sheets . we do not incur any interest expense associated with these agreements as balances are paid when they are due . for further details , see note 6 ( inventory financing agreements ) to the accompanying consolidated financial statements . contractual obligations we have future obligations under various contracts relating to debt and interest payments , operating leases and asset retirement obligations . our estimated future payments , based on undiscounted amounts , under contractual obligations that existed as of december 31 , 2015 , are as follows: .

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Row 1: ( in millions ), payments due by period total, payments due by period < 1 year, payments due by period 1-3 years, payments due by period 4-5 years, payments due by period > 5 years
Row 2: term loan ( 1 ), $ 1703.4, $ 63.9, $ 126.3, $ 1513.2, $ 2014
Row 3: kelway term loan ( 1 ), 90.9, 13.5, 77.4, 2014, 2014
Row 4: senior notes due 2022 ( 2 ), 852.0, 36.0, 72.0, 72.0, 672.0
Row 5: senior notes due 2023 ( 2 ), 735.1, 26.3, 52.5, 52.5, 603.8
Row 6: senior notes due 2024 ( 2 ), 859.7, 31.6, 63.3, 63.3, 701.5
Row 7: operating leases ( 3 ), 143.2, 22.5, 41.7, 37.1, 41.9
Row 8: asset retirement obligations ( 4 ), 1.8, 0.8, 0.5, 0.3, 0.2
Row 9: total, $ 4386.1, $ 194.6, $ 433.7, $ 1738.4, $ 2019.4
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Question: as of dec 31 , 2015 , what percentage of total indebtedness was nonsecure?
Program: subtract(3.3, 1.6), divide(#0, 3.3)
Answer: 0.51515