NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) 66 Note 1—Summary of Significant Accounting Policies (Continued) Asset Retirement Obligations The Company records obligations associated with the retirement of tangible long-lived assets and the associated asset retirement costs in accordance with SFAS No.143, Accounting for Asset Retirement Obligations.
The Company reviews legal obligations associated with the retirement of long-lived assets that result from the acquisition, construction, development and/or normal use of the assets.
If it is determined that a legal obligation exists, the fair value of the liability for an asset retirement obligation is recognized in the period in which it is incurred if a reasonable estimate of fair value can be made.
The fair value of the liability is added to the carrying amount of the associated asset and this additional carrying amount is depreciated over the life of the asset.
The difference between the gross expected future cash flow and its present value is accreted over the life of the related lease as an operating expense.
All of the Company’s existing asset retirement obligations are associated with commitments to return property subject to operating leases to original condition upon lease termination.
The following table reconciles changes in the Company’s asset retirement liabilities for fiscal 2004 and 2005 (in millions):
## Table 0 ##
Cumulative Effects of Accounting Changes In 2003, the Company recognized a net favorable cumulative effect type adjustment of approximately $1 million from the adoption of SFAS No.150, Accounting for Certain Financial Instruments with Characteristic of Both Liabilities and Equity and SFAS No.143.
Long-Lived Assets Including Goodwill and Other Acquired Intangible Assets The Company reviews property, plant, and equipment and certain identifiable intangibles, excluding goodwill, for impairment whenever events or changes in circumstances indicate the carrying amount of an asset may not be recoverable.
Recoverability of these assets is measured by comparison of its carrying amount to future undiscounted cash flows the assets are expected to generate.
If property, plant, and equipment and certain identifiable intangibles are considered to be impaired, the impairment to be recognized equals the amount by which the carrying value of the assets exceeds its fair market value.
For the three fiscal years ended September 24, 2005, the Company had no material impairment of its long-lived assets, except for the impairment of certain assets in connection with the restructuring actions described in Note 5 of these Notes to Consolidated Financial Statements.
SFAS No.142, Goodwill and Other Intangible Assets requires that goodwill and intangible assets with indefinite useful lives should not be amortized but rather be tested for impairment at least annually or sooner whenever events or changes in circumstances indicate that they may be impaired.
The Company performs its goodwill impairment tests on or about August 30 of each year.
The Company did not recognize any goodwill or intangible asset impairment charges in 2005, 2004, or 2003.
The Company established reporting units based on its current reporting structure.
For purposes of testing goodwill for
Table of Contents Part II, Item 7 Early in 2003 we stated clear financial goals.
By year-end we had made solid progress.
Return on capital employed had risen to 12.8% in the fourth quarter, double the corresponding figure in 2002 and well in line with our intention to reach the mid-teens longer term.
After-tax return on sales for Oilfield Services reached 14.2% in the same quarter—a level much more consistent with our performance in previous cycles.
Net debt fell to $4.2 billion, just shy of our $4 billion target as a result of adverse currency movements.
For more information regarding the purposes for which we use net debt, see page 29 of this Report.
In January 2004, we concluded the sale of the major part of SchlumbergerSema to Atos Origin and reduced our holding in that company to 14.5%.
Total cash proceeds from the cash and stock sale amounted to $1.1 billion.
With conclusion of the sale of the North American electricity meter business and the sales of the Business Continuity, Infodata, and Telecom software products businesses we expect to see net debt below the $3 billion level by the middle of 2004.
Beyond that point, the only significant divestiture remaining will be the IPO of Axalto, the Schlumberger smart card business, as and when market conditions permit.
In 2003, Schlumberger operated four business segments: Oilfield Services, WesternGeco, SchlumbergerSema and Other.
The following discussion and analysis of results of operations should be read in conjunction with the Consolidated Financial Statements.
## Table 1 ##
1 Pretax segment income represents income before taxes and minority interest, excluding interest income, interest expense and amortization of intangibles.2 2003 excludes: a net charge of $49 million for the write-down of an investment and the gain on the sale of a note; $167 million of debt extinguishment costs; a charge of $421 million for impairment and other charges/credits.2002 excludes an aggregate $30 million charge related to the financial/economic crisis in Argentina.3 2003 excludes impairment charges of $398 million for Multiclient library and $54 million for vessels.2002 excludes an impairment charge of $184 million for Multiclient library and charges of $117 million for severance and other costs.4 Principally comprises the Axalto (Smart Cards and Point-of-Sale Terminals) and Electricity Meters activities.
Also included are the Business Continuity, Infodata, Telecom Software Products, Water Services, Essentis and Payphones activities.
Oilfield Services World oil demand surged in 2003 due to strong economic growth in North America and China.
The increase in demand from these areas accounted for almost two thirds of overall world oil demand growth.
The rise in world oil production more than matched demand growth.
Non-OPEC oil production accounted for one third of the increase, due to expanding production in the CIS.
OPEC output increased despite supply disruptions in Venezuela and Nigeria and the loss of Iraqi production during and after the war.
Oil prices remained high throughout the year, with an average Western Texas Intermediate (WTI) oil price almost 20% higher than in 2002.
## Table 2 ##
International Plan Assets
## Table 3 ##
(a) US equities include companies that are well diversified by industry sector and equity style (i. e. , growth and value strategies).
Active and passive management strategies are employed.
Investments are primarily in large capitalization stocks and, to a lesser extent, mid- and small-cap stocks.
(b) International equities are invested in companies that are traded on exchanges outside the US and are well diversified by industry sector, country and equity style.
Active and passive strategies are employed.
The vast majority of the investments are made in companies in developed markets with a small percentage in emerging markets.
(c) Corporate bonds consist primarily of investment grade bonds from diversified industries.
(d) Government and government-related debt securities are comprised primarily of inflation protected US treasuries and, to a lesser extent, other government-related securities.
(e) Government agency collateralized mortgage obligations and mortgage backed-securities are debt obligations that represent claims to the cash flows from pools of mortgage loans which are purchased from banks, mortgage companies, and other originators and then assembled into pools by governmental and quasi-governmental entities.
(f) Other collateralized mortgage obligations and mortgage-backed securities are debt obligations that represent claims to the cash flows from pools of mortgage loans which are purchased from banks, mortgage companies, and other originators and then assembled into pools by private entities.
(g) Private equity includes investments in several fund of funds limited partnerships.
(h) Real estate primarily includes investments in real estate limited partnerships, concentrated in commercial real estate.

<table><tr><td>Asset retirement liability as of September 27, 2003</td><td>$7.2</td></tr><tr><td>Additional asset retirement obligations recognized</td><td>0.5</td></tr><tr><td>Accretion recognized</td><td>0.5</td></tr><tr><td>Asset retirement liability as of September 25, 2004</td><td>$8.2</td></tr><tr><td>Additional asset retirement obligations recognized</td><td>2.8</td></tr><tr><td>Accretion recognized</td><td>0.7</td></tr><tr><td>Asset retirement liability as of September 24, 2005</td><td>$11.7</td></tr></table>
<table><tr><td></td><td>2003 2</td><td> 2002<sup>2</sup></td><td>% Change</td></tr><tr><td> <i>OILFIELD SERVICES</i></td><td></td><td></td><td></td></tr><tr><td>Operating Revenue</td><td>$8,823</td><td>$8,171</td><td>8%</td></tr><tr><td>Pretax Segment Income<sup>1</sup></td><td>$1,536</td><td>$1,278</td><td>20%</td></tr><tr><td> <i>WESTERNGECO</i></td><td></td><td></td><td></td></tr><tr><td>Operating Revenue</td><td>$1,183</td><td>$1,476</td><td>-20%</td></tr><tr><td>Pretax Segment Income<sup>1,3</sup></td><td>$-20</td><td>$71</td><td>–%</td></tr><tr><td> <i>SCHLUMBERGERSEMA</i></td><td></td><td></td><td></td></tr><tr><td>Operating Revenue</td><td>$2,677</td><td>$2,409</td><td>11%</td></tr><tr><td>Pretax Segment Income<sup>1</sup></td><td>$61</td><td>$17</td><td>249%</td></tr><tr><td> <i>OTHER</i><sup>4</sup></td><td></td><td></td><td></td></tr><tr><td>Operating Revenue</td><td>$1,480</td><td>$1,334</td><td>11%</td></tr><tr><td>Pretax Segment Income<sup>1</sup></td><td>$109</td><td>$18</td><td>505%</td></tr></table>
<table><tr><td></td><td colspan="8"> US Plan Assets</td></tr><tr><td></td><td colspan="4"> 2012</td><td colspan="4"> 2011</td></tr><tr><td></td><td> Total</td><td> Level One</td><td> Level Two</td><td> Level Three</td><td> Total</td><td> Level One</td><td> Level Two</td><td> Level Three</td></tr><tr><td> Asset Category:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td> Cash and Cash Equivalents</td><td>$56</td><td>$5</td><td>$51</td><td>$–</td><td>$147</td><td>$39</td><td>$108</td><td>$–</td></tr><tr><td> Equity Securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>US<sup>(a)</sup></td><td>868</td><td>502</td><td>366</td><td></td><td>806</td><td>471</td><td>335</td><td></td></tr><tr><td>International<sup>(b)</sup></td><td>513</td><td>406</td><td>107</td><td></td><td>453</td><td>369</td><td>84</td><td></td></tr><tr><td> Debt Securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Corporate bonds<sup>(c)</sup></td><td>495</td><td></td><td>495</td><td></td><td>340</td><td></td><td>340</td><td></td></tr><tr><td>Government and government-related debt securities<sup>(d)</sup></td><td>638</td><td>157</td><td>481</td><td></td><td>545</td><td>146</td><td>399</td><td></td></tr><tr><td>Government agency collateralized mortgage obligations and mortgage backed securities<sup>(e)</sup></td><td>88</td><td></td><td>88</td><td></td><td>96</td><td></td><td>96</td><td></td></tr><tr><td>Other collateralized mortgage obligations and mortgage-backed securities<sup>(f)</sup></td><td>11</td><td></td><td>11</td><td></td><td>58</td><td></td><td>58</td><td></td></tr><tr><td> Alternative Investments:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Private equity<sup>(g)</sup></td><td>185</td><td></td><td></td><td>185</td><td>160</td><td></td><td></td><td>160</td></tr><tr><td>Real estate<sup>(h)</sup></td><td>56</td><td></td><td></td><td>56</td><td>50</td><td></td><td></td><td>50</td></tr><tr><td> Total</td><td>$2,910</td><td>$1,070</td><td>$1,599</td><td>$241</td><td>$2,655</td><td>$1,025</td><td>$1,420</td><td>$210</td></tr></table>
<table><tr><td></td><td colspan="8"> International Plan Assets</td></tr><tr><td></td><td colspan="4"> 2012</td><td colspan="4"> 2011</td></tr><tr><td></td><td> Total</td><td> Level  One</td><td> Level Two</td><td> Level Three</td><td> Total</td><td> Level  One</td><td> Level Two</td><td> Level Three</td></tr><tr><td> Asset Catergory:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td> Cash and Cash Equivalents</td><td>$168</td><td>$157</td><td>$11</td><td>$–</td><td>$152</td><td>$152</td><td>$–</td><td>$–</td></tr><tr><td> Equity Securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>US<sup>(a)</sup></td><td>1,583</td><td>1,152</td><td>431</td><td></td><td>1,170</td><td>1,018</td><td>152</td><td></td></tr><tr><td>International<sup>(b)</sup></td><td>1,258</td><td>765</td><td>493</td><td></td><td>937</td><td>651</td><td>286</td><td></td></tr><tr><td> Debt Securities:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Corporate bonds<sup>(c)</sup></td><td>540</td><td></td><td>540</td><td></td><td>399</td><td></td><td>399</td><td></td></tr><tr><td>Government and government-related debt securities<sup>(d)</sup></td><td>976</td><td></td><td>976</td><td></td><td>808</td><td></td><td>808</td><td></td></tr><tr><td>Government agency collateralized mortgage obligations and mortgage backed securities<sup>(e)</sup></td><td>196</td><td></td><td>196</td><td></td><td>268</td><td></td><td>268</td><td></td></tr><tr><td>Other collateralized mortgage obligations and mortgage-backed securities<sup>(f)</sup></td><td>93</td><td></td><td>93</td><td></td><td>93</td><td></td><td>93</td><td></td></tr><tr><td> Alternative Investments:</td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Private equity<sup>(g)</sup></td><td>128</td><td></td><td></td><td>128</td><td>150</td><td></td><td></td><td>150</td></tr><tr><td>Real estate<sup>(h)</sup></td><td>55</td><td></td><td></td><td>55</td><td>62</td><td></td><td></td><td>62</td></tr><tr><td>Other</td><td>123</td><td></td><td></td><td>123</td><td>58</td><td></td><td></td><td>58</td></tr><tr><td> Total</td><td>$5,120</td><td>$2,074</td><td>$2,740</td><td>$306</td><td>$4,097</td><td>$1,821</td><td>$2,006</td><td>$270</td></tr></table>

Question: What is the sum of Government and government-related debt securities(d), Government agency collateralized mortgage obligations and mortgage backed securities(e) and Other collateralized mortgage obligations and mortgage-backed securities in 2012?
Answer: 1265