shares of common stock issued , in treasury , and outstanding were ( in thousands of shares ) : .
what portion of the issued shares is reported as treasury stock as of december 31 , 2016?
note 13 . financing arrangements we routinely enter into accounts receivable securitization and factoring programs . we account for transfers of receivables pursuant to these programs as a sale and remove them from our consolidated balance sheet . at december 31 , 2016 , our most significant program in place was the u.s . securitization program , which was amended in may 2016 and originally entered into in october of 2015 . under the program , we are entitled to receive cash consideration of up to $ 800 million ( which we elected to reduce to $ 500 million , effective february 21 , 2017 ) and a receivable for the remainder of the purchase price ( the 201cdeferred purchase price 201d ) . this securitization program utilizes a bankruptcy- remote special-purpose entity ( 201cspe 201d ) . the spe is wholly-owned by a subsidiary of kraft heinz and its sole business consists of the purchase or acceptance , through capital contributions of receivables and related assets , from a kraft heinz subsidiary and subsequent transfer of such receivables and related assets to a bank . although the spe is included in our consolidated financial statements , it is a separate legal entity with separate creditors who will be entitled , upon its liquidation , to be satisfied out of the spe's assets prior to any assets or value in the spe becoming available to kraft heinz or its subsidiaries . the assets of the spe are not available to pay creditors of kraft heinz or its subsidiaries . this program expires in may 2017 . in addition to the u.s . securitization program , we have accounts receivable factoring programs denominated in australian dollars , new zealand dollars , british pound sterling , euros , and japanese yen . under these programs , we generally receive cash consideration up to a certain limit and a receivable for the deferred purchase price . there is no deferred purchase price associated with the japanese yen contract . related to these programs , our aggregate cash consideration limit , after applying applicable hold-backs , was $ 245 million u.s . dollars at december 31 , 2016 . generally , each of these programs automatically renews annually until terminated by either party . the cash consideration and carrying amount of receivables removed from the consolidated balance sheets in connection with the above programs were $ 904 million at december 31 , 2016 and $ 267 million at january 3 , 2016 . the fair value of the deferred purchase price for the programs was $ 129 million at december 31 , 2016 and $ 583 million at january 3 , 2016 . the deferred purchase price is included in sold receivables on the consolidated balance sheets and had a carrying value which approximated its fair value at december 31 , 2016 and january 3 , 2016 . the proceeds from these sales are recognized on the consolidated statements of cash flows as a component of operating activities . we act as servicer for these arrangements and have not recorded any servicing assets or liabilities for these arrangements as of december 31 , 2016 and january 3 , 2016 because they were not material to the financial statements. .